开栏语：珠江潮起，湾区奔涌。当粤港澳大湾区从宏伟蓝图加速照进现实，这片热土已成为无数创业梦 想拔节生长的首选之地和理想之城。刚刚圆满落幕的2025年粤港澳大湾区创业大赛，不仅是一场高手云 集、精彩纷呈的竞技，更是一次创新力量与未来产业的集中巡礼。 在本届粤港澳大湾区创业大赛上，广东汇芯半导体有限公司凭借原创性功率半导体技术摘得银奖。这家 成立仅五年的年轻企业，正在以极快的速度崛起。"无论是否获奖、获得何奖，只要真心实意地坚持在 曾经创造过无数经济奇迹的大湾区埋头苦干、拼命硬干、为民请命、舍身求法，我们终会成为中国的脊 梁！"公司创始人冯宇翔说。 冲出旧路：做中国原创的功率芯片 "我从清华大学毕业到现在，一直在功率半导体行业工作，这个行业关乎国家能源安全和产业升级，是 实现节能减排和碳中和的重要技术。"冯宇翔告诉记者，在创业之前，他先后在日本三菱电机、佛山美 的集团（000333）等企业任职。他深知功率半导体的复杂与价值，也清楚中国企业在这一领域长期受制 于国外的现实。"无论是任何半导体品类，集成化、小型化都是其技术发展趋势。在外企，我们只能在 既定架构下做设计；在国内，又容易陷入模仿路径。无论在哪里，我都觉得 ...

Core Insights - ChipLink Integrated reported a loss of nearly 300 million yuan in Q3 2025, with a total loss of 463 million yuan for the first three quarters of the year, although this represents a 32.32% reduction in losses compared to the same period last year [1] - The company achieved a gross profit margin of 3.97% in the first three quarters, an increase of 4.40 percentage points year-on-year, attributed to expanded sales and ongoing cost control [1] - The completion of the equity integration of its subsidiary, ChipLink Yuezhou, marks a significant enhancement in the company's capital strength and industrial synergy capabilities [1] Financial Performance - The company expects to achieve an annual revenue of 8 to 8.3 billion yuan, representing a growth of 23% to 28% compared to the previous year [2] - The net profit is anticipated to continue reducing losses, with expectations for improved profitability in 2026 due to the passing of the depreciation peak and increased production line output [2] - Capital expenditures exceeded 10 billion yuan in 2023, with a more stable approach expected starting in 2024, and capital expenditures optimized to 2.548 billion yuan in the first three quarters of 2025 [2] Market Opportunities - The demand for power devices and analog ICs is expected to grow due to the increasing penetration of new energy vehicles, recovery in the new energy sector, and the development of AI and robotics [1] - The company is actively expanding into the 800V high-voltage direct current (HVDC) market to enhance the efficiency of end-to-end power supply systems for data centers [3] - ChipLink Integrated has made significant progress in the AI server market, with its 8-inch silicon carbide MOS devices already being sampled to European and American AI companies [3] Product Development - The company’s technology products cover over 50% of the value of AI server power supplies, positioning it to benefit from explosive growth in the computing power industry [4] - The automotive laser radar market is experiencing rapid growth, with the company’s laser radar chips in high demand as they enter the thousand-yuan era [4] - The company has developed various products for robotics, including VCSELs, pressure sensors, and IMUs, which are now in mass production [5]

Core Viewpoint - The company, Biyimi, experienced a slight increase in stock price and notable trading activity, with significant financing and margin trading data indicating a high level of investor interest and potential volatility in the stock [1][2]. Financing Summary - On October 13, Biyimi had a financing buy-in amount of 10.01 million yuan, with a net financing buy of -4.95 million yuan, indicating more selling than buying on that day [1]. - The total financing balance as of October 13 was 70.64 million yuan, accounting for 4.17% of the circulating market value, which is above the 80th percentile of the past year, suggesting a high level of financing activity [1]. - Margin trading data showed no shares were sold or repaid on October 13, with a margin balance of 0.00 yuan, indicating a lack of short selling activity [1]. Company Overview - Biyimi Microelectronics Co., Ltd. was established on May 29, 2014, and listed on May 26, 2022, specializing in the design and sales of high-performance analog and mixed-signal integrated circuits [1]. - The company's main business revenue breakdown includes: AC-DC (51.04%), driver ICs (44.33%), DC-DC (3.94%), and other (0.70%) [1]. Shareholder and Financial Performance - As of June 30, the number of shareholders increased by 28.86% to 6,014, while the average circulating shares per person decreased by 20.74% to 6,267 shares [2]. - For the first half of 2025, Biyimi reported operating revenue of 283 million yuan, a year-on-year decrease of 6.99%, and a net profit attributable to shareholders of -8.81 million yuan, which is a 16.92% increase compared to the previous period [2]. - Notably, the sixth largest circulating shareholder is Nuoan Multi-Strategy Mixed A, which holds 312,100 shares as a new entrant, while two other funds exited the top ten list [2].

Core Viewpoint - The stock of Biyimi Microelectronics has experienced fluctuations, with a recent decline of 2.08% and a year-to-date increase of 38.90%, indicating volatility in its market performance [1]. Group 1: Stock Performance - As of September 23, Biyimi's stock price is 44.31 yuan per share, with a total market capitalization of 3.095 billion yuan [1]. - The stock has seen a trading volume of 17.53 million yuan, with a turnover rate of 1.04% [1]. - Year-to-date, the stock has increased by 38.90%, but has decreased by 4.48% in the last five trading days and by 2.01% over the last 20 days [1]. Group 2: Financial Performance - For the first half of 2025, Biyimi reported a revenue of 283 million yuan, a year-on-year decrease of 6.99% [2]. - The company recorded a net profit attributable to shareholders of -8.81 million yuan, which represents a year-on-year increase of 16.92% [2]. Group 3: Shareholder Information - As of June 30, 2025, the number of shareholders has increased by 28.86% to 6,014 [2]. - The average number of circulating shares per shareholder has decreased by 20.74% to 6,267 shares [2]. - Notably, the sixth largest circulating shareholder is Nuoan Multi-Strategy Mixed A, holding 312,100 shares as a new entrant [2].

Company Overview - Biyimi Microelectronics Co., Ltd. is located in Nanshan District, Shenzhen, Guangdong Province, and was established on May 29, 2014. The company went public on May 26, 2022. Its main business involves the design and sales of high-performance analog and mixed-signal integrated circuits [2]. Stock Performance - As of September 22, Biyimi's stock price increased by 2.02%, reaching 45.40 CNY per share, with a trading volume of 38.28 million CNY and a turnover rate of 2.26%. The total market capitalization is 3.171 billion CNY [1]. - Year-to-date, the stock price has risen by 42.32%. In the last five trading days, it increased by 0.89%, while it decreased by 1.13% over the past 20 days and increased by 31.98% over the last 60 days [2]. Financial Performance - For the period from January to June 2025, Biyimi achieved operating revenue of 283 million CNY, a year-on-year decrease of 6.99%. The net profit attributable to shareholders was -8.81 million CNY, representing a year-on-year increase of 16.92% [2]. Shareholder Information - As of June 30, 2025, the number of shareholders for Biyimi was 6,014, an increase of 28.86% from the previous period. The average number of circulating shares per shareholder was 6,267, a decrease of 20.74% [2]. - Among the top ten circulating shareholders, Noan Multi-Strategy Mixed A (320016) is the sixth largest shareholder with 312,100 shares, marking a new entry. Both China Merchants Quantitative Selected Stock Initiation A (001917) and Xin'ao New Energy Industry Stock A (001410) have exited the top ten circulating shareholders list [3]. Business Segmentation - The main business revenue composition of Biyimi is as follows: AC-DC accounts for 51.04%, Driver ICs 44.33%, DC-DC 3.94%, and other segments contribute 0.48% and 0.22% respectively [2]. - Biyimi operates within the Shenwan industry classification of Electronics - Semiconductors - Analog Chip Design, and is involved in concept sectors including Gallium Nitride, Smart Home, Analog Chips, Chip Concepts, and Integrated Circuits [2].

Company Overview - Biyimi Microelectronics Co., Ltd. is located in Nanshan District, Shenzhen, Guangdong Province, and was established on May 29, 2014. The company went public on May 26, 2022. Its main business involves the design and sales of high-performance analog and mixed-signal integrated circuits [2]. Stock Performance - As of September 19, Biyimi's stock price decreased by 2.01%, closing at 44.39 CNY per share, with a trading volume of 52.29 million CNY and a turnover rate of 3.08%. The total market capitalization is 3.1 billion CNY [1]. - Year-to-date, the stock price has increased by 39.15%. Over the past five trading days, it has risen by 0.07%, over the past 20 days by 3.35%, and over the past 60 days by 30.94% [2]. Financial Performance - For the period from January to June 2025, Biyimi achieved a revenue of 283 million CNY, a year-on-year decrease of 6.99%. The net profit attributable to shareholders was -8.81 million CNY, representing a year-on-year increase of 16.92% [2]. Shareholder Information - As of June 30, 2025, the number of shareholders for Biyimi is 6,014, an increase of 28.86% from the previous period. The average number of circulating shares per shareholder is 6,267, a decrease of 20.74% [2]. - Among the top ten circulating shareholders, Noan Multi-Strategy Mixed A (320016) is the sixth largest shareholder with 312,100 shares, marking its entry as a new shareholder. Both China Merchants Quantitative Selected Stock Initiation A (001917) and Xin'ao New Energy Industry Stock A (001410) have exited the top ten circulating shareholders list [3]. Business Segmentation - The main revenue composition of Biyimi is as follows: AC-DC accounts for 51.04%, Driver ICs for 44.33%, DC-DC for 3.94%, and other segments contribute 0.48% and 0.22% respectively [2]. - Biyimi operates within the Shenwan industry classification of Electronics - Semiconductors - Analog Chip Design, and is involved in several concept sectors including Gallium Nitride, Smart Home, Chip Concept, Integrated Circuits, and Analog Chips [2].

Company Overview - Biyimi Microelectronics Co., Ltd. is located in Nanshan District, Shenzhen, Guangdong Province, and was established on May 29, 2014. The company went public on May 26, 2022. Its main business involves the design and sales of high-performance analog and mixed-signal integrated circuits [2]. Stock Performance - As of September 18, Biyimi's stock price increased by 2.14%, reaching 47.19 CNY per share, with a trading volume of 39.70 million CNY and a turnover rate of 2.27%. The total market capitalization is 3.296 billion CNY [1]. - Year-to-date, Biyimi's stock price has risen by 47.93%. In the last 5 trading days, it increased by 7.42%, in the last 20 days by 14.85%, and in the last 60 days by 41.03% [2]. Revenue and Profitability - For the period from January to June 2025, Biyimi achieved a revenue of 283 million CNY, a year-on-year decrease of 6.99%. The net profit attributable to the parent company was -8.81 million CNY, which represents a year-on-year increase of 16.92% [2]. Shareholder Information - As of June 30, 2025, the number of shareholders for Biyimi was 6,014, an increase of 28.86% from the previous period. The average circulating shares per person decreased by 20.74% to 6,267 shares [2]. - Among the top ten circulating shareholders, Noan Multi-Strategy Mixed A (320016) is the sixth largest shareholder with 312,100 shares, marking a new entry. Both China Merchants Quantitative Selected Stock Initiation A (001917) and Xin'ao New Energy Industry Stock A (001410) have exited the top ten circulating shareholders list [3]. Business Segmentation - Biyimi's main business revenue composition is as follows: AC-DC accounts for 51.04%, Driver ICs 44.33%, DC-DC 3.94%, and other segments contribute 0.70% [2].

Group 1 - The core viewpoint of the news is that Biyimi's stock has shown significant growth this year, with a 40.60% increase, and recent trading activity indicates a mixed sentiment among investors [2][3] - As of September 12, Biyimi's stock price rose by 2.09% to 44.85 CNY per share, with a total market capitalization of 3.132 billion CNY [1] - The company's main business involves the design and sales of high-performance analog and mixed-signal integrated circuits, with revenue composition primarily from AC-DC (51.04%), driver ICs (44.33%), and DC-DC (3.94%) [2] Group 2 - Institutional holdings show that as of June 30, 2025, the sixth largest shareholder is Nuoan Multi-Strategy Mixed A, which holds 312,100 shares as a new shareholder [3] - The number of shareholders increased by 28.86% to 6,014 as of June 30, 2025, while the average circulating shares per person decreased by 20.74% to 6,267 shares [2] - For the first half of 2025, Biyimi reported a revenue of 283 million CNY, a year-on-year decrease of 6.99%, while the net profit attributable to the parent company was -8.8146 million CNY, reflecting a year-on-year increase of 16.92% [2]

Core Viewpoint - The stock of Biyimi Microelectronics has shown a mixed performance in recent trading sessions, with a notable increase in the year-to-date price, but a decline in the last five trading days [1][2]. Group 1: Stock Performance - As of September 5, Biyimi's stock price increased by 2.09% to 42.59 CNY per share, with a trading volume of 27.42 million CNY and a turnover rate of 1.73%, resulting in a total market capitalization of 2.974 billion CNY [1]. - Year-to-date, Biyimi's stock has risen by 33.51%, but it has decreased by 6.17% over the last five trading days, increased by 12.08% over the last 20 days, and increased by 34.23% over the last 60 days [1]. Group 2: Financial Performance - For the first half of 2025, Biyimi reported operating revenue of 283 million CNY, a year-on-year decrease of 6.99%, while the net profit attributable to shareholders was -8.81 million CNY, reflecting a year-on-year increase of 16.92% [2]. - As of June 30, the number of shareholders increased by 28.86% to 6,014, while the average number of circulating shares per person decreased by 20.74% to 6,267 shares [2]. Group 3: Company Overview - Biyimi Microelectronics, established on May 29, 2014, and listed on May 26, 2022, is located in Nanshan District, Shenzhen, Guangdong Province, specializing in the design and sales of high-performance analog and mixed-signal integrated circuits [1]. - The company's main business revenue composition includes AC-DC at 51.04%, driver ICs at 44.33%, DC-DC at 3.94%, and other categories contributing 0.48% and 0.22% [1]. - Biyimi belongs to the semiconductor industry, specifically in the analog chip design sector, and is associated with concepts such as gallium nitride, smart home, semiconductor, chip concepts, and third-generation semiconductors [1].

Group 1 - The core viewpoint of the articles indicates that Biyimi has experienced fluctuations in stock performance and financing activities, with a slight decline in stock price and notable financing activities on August 28 [1] - As of August 28, Biyimi's financing balance reached 76.13 million yuan, accounting for 4.19% of its market capitalization, which is above the 90th percentile level over the past year, indicating a high level of financing [1] - The company reported a revenue of 283 million yuan for the first half of 2025, a year-on-year decrease of 6.99%, while the net profit attributable to shareholders was -8.81 million yuan, reflecting a year-on-year increase of 16.92% [2] Group 2 - Biyimi's main business involves the design and sales of high-performance analog and mixed-signal integrated circuits, with revenue composition being 51.04% from AC-DC, 44.33% from driver ICs, and 3.94% from DC-DC [1] - As of June 30, 2025, the number of shareholders increased by 28.86% to 6,014, while the average circulating shares per person decreased by 20.74% to 6,267 shares [2] - Notably, the sixth largest circulating shareholder is Nuoan Multi-Strategy Mixed A, which holds 312,100 shares as a new shareholder, while two other funds exited the top ten circulating shareholders [2]