随着AI技术的演进，智能终端正在变得越来越复杂。而MCU作为连接感知与执行、实现终端智能化的核心元件，也正在"卷"地越来越细分。 超低功耗MCU，就是其中一个细分市场。这种MCU功耗非常低，通常在微安级别以下，采用特殊的设计和技术，以最大程度地减少功耗并延长电池寿 命。此外，超低功耗MCU还具有高度集成的特点，可以在小型封装中实现多种功能，从而降低系统成本和复杂度。 近年来，超低功耗MCU市场发展迅速。其规模将从2024年的51.2亿美元增长至2025年的56.6亿美元，复合年增长率达10.6%。这得益于各种应用对节能解 决方案日益增长的需求，尤其是在物联网(IoT)、可穿戴设备和智能家居技术领域。此外，边缘计算的兴起正在推动制造商采用超低功耗微控制器在本地 处理数据，从而降低延迟和带宽要求。 既然海在低处，各大MCU厂商便闻风而动，通过不同的技术路线与产品，力图成为在这新兴市场第一家"上岸"的公司。 01 超低功耗，如何实现？ 首先，超低功耗MCU如何实现，是一个值得探究的问题。 简单来说，要想降低MCU的功耗，可以在以下五个部分下功夫： 1.工艺：MCU的芯片面积，晶体管的数量，片上集成和使用的模拟功能/ ...

Core Viewpoint - The company has approved the use of its own funds, bank acceptance bills, letters of credit, and foreign exchange to pay for overseas procurement required for fundraising projects, with subsequent equal replacement from the raised funds [2][7]. Fundraising Basic Situation - The company raised a total of RMB 122,046.91 million after deducting underwriting and sponsorship fees of RMB 90.42 million, with a net amount of RMB 119,486.61 million after accounting for additional external costs [2][3]. Fundraising Investment Project Situation - The total investment for the fundraising projects is RMB 47,325.00 million, with the same amount planned to be invested from the raised funds [4]. - New projects funded by excess raised funds total RMB 40,936.87 million, also fully covered by excess funds [4]. Reasons for Using Own Funds for Overseas Procurement - The company aims to enhance financial efficiency and reduce costs by using its own funds for overseas procurement, which aligns with the actual needs and operational practices [5][6]. - Unified procurement strategies necessitate the use of own funds to streamline payment processes and improve management efficiency [5][6]. Impact on the Company - The decision to use own funds for overseas procurement is expected to improve operational management efficiency and ensure the smooth progress of fundraising projects, benefiting the company and all shareholders [7]. Review and Decision-Making Process - The board of directors and the supervisory board approved the proposal on June 19, 2025, confirming that the decision complies with relevant laws and regulations [7][8]. Special Opinions - The supervisory board supports the decision, stating it facilitates daily management of raised funds and does not alter the intended use of the funds or harm shareholder interests [8]. - The sponsor has verified that the decision followed necessary approval procedures and complies with regulatory requirements [9].

Core Viewpoint - The company has approved a proposal to utilize its own funds, bank acceptance bills, letters of credit, and foreign exchange for overseas procurement during the implementation of fundraising projects, aiming to enhance fund utilization efficiency and ensure the smooth progress of fundraising projects [1] Fundraising Details - The net amount of funds raised by the company is 1.195 billion yuan, which will primarily be used for upgrading and industrializing smart Bluetooth audio chips, as well as for the research and industrialization of ultra-low-power MCUs targeting the wearable and IoT sectors [1]