Core Insights - Chip Motion Technology experienced a 2.06% decline in stock price on October 30, with a trading volume of 330 million yuan [1] - The company reported a net financing outflow of 9.63 million yuan on the same day, with a total financing and securities balance of 833 million yuan [1][2] - For the first nine months of 2025, the company achieved a revenue of 401 million yuan, representing a year-on-year growth of 47.73%, and a net profit of 239 million yuan, up 72.91% year-on-year [2] Financing and Securities - On October 30, Chip Motion Technology had a financing buy-in of 27.02 million yuan, with a current financing balance of 830 million yuan, accounting for 5.15% of the circulating market value [1] - The company’s financing balance is above the 90th percentile level over the past year, indicating a high level of financing activity [1] - The short-selling data shows a repayment of 2,122 shares and a short-selling amount of 51,700 yuan, with a short-selling balance of 338,870 yuan, also above the 90th percentile level [1] Shareholder and Dividend Information - As of September 30, the number of shareholders for Chip Motion Technology reached 19,700, an increase of 29.52% from the previous period [2] - The company has distributed a total of 227 million yuan in dividends since its A-share listing [3] - Among the top ten circulating shareholders, notable changes include a decrease in holdings by the Jiashi Shanghai Stock Exchange Science and Technology Innovation Board Chip ETF and the entry of Hong Kong Central Clearing Limited as a new shareholder [3]

Group 1 - The core point of the news is that Xindong Lianke has experienced a significant decline in stock price, dropping 4.05% on October 17, with a cumulative drop of 16.39% over four consecutive days [1] - Xindong Lianke, established on July 30, 2012, specializes in the research, testing, and sales of high-performance silicon-based MEMS inertial sensors, with its main revenue sources being MEMS gyroscopes (87.41%), MEMS accelerometers (6.22%), inertial measurement units (5.76%), and other services [1] - The company's current stock price is 65.10 yuan per share, with a total market capitalization of 26.087 billion yuan and a trading volume of 380 million yuan on the reporting day [1] Group 2 - According to data, the Fuyong Fund has a significant holding in Xindong Lianke, with its Fuyong Research Optimal Mixed A Fund (015657) holding 2,888 shares, representing 4.31% of the fund's net value, making it the second-largest holding [2] - The Fuyong Research Optimal Mixed A Fund has experienced a floating loss of approximately 7,942 yuan today, with a total floating loss of 36,900 yuan during the four-day decline [2] - The fund was established on September 19, 2023, with a current scale of 943,400 yuan and has achieved a year-to-date return of 43.68%, ranking 1,313 out of 8,160 in its category [2]

Core Insights - Chipon Technology (芯动联科) is experiencing significant growth, with projected net profit for the first three quarters of 2025 expected to reach between 216 million to 264 million yuan, representing a year-on-year increase of approximately 56.43% to 91.19% [1] - The company has demonstrated strong cash flow performance, with a net cash flow from operating activities of 189 million yuan in the first half of the year, a 110.55% increase from the previous year [1] - Chipon Technology has maintained a high gross margin, with figures ranging from 83.01% to 90.24% from 2019 to 2024, and a gross margin of 86.54% in the first half of 2025 [2] Financial Performance - The company has achieved consistent revenue and profit growth over the past five years, with revenue, net profit, and net profit excluding non-recurring items increasing by 4.07 times, 4.85 times, and 4.92 times respectively from 2020 to 2024 [2] - Research and development (R&D) expenses for the first half of the year amounted to 58.11 million yuan, an increase of 8.17% year-on-year, accounting for 22.95% of total revenue [2] Technological Advancements - As of June 30, 2025, Chipon Technology has obtained a total of 32 invention patents, 24 utility model patents, and 3 integrated circuit layout design patents, establishing a robust patent system and technical closed loop in the MEMS inertial sensor field [3] - The company's products, including high-performance gyroscopes, accelerometers, and pressure sensors, are widely used in high-end industrial applications, autonomous driving, and unmanned systems, showcasing strong technical capabilities and market potential [3]

Group 1: Company Performance - A total of 55 listed companies in the A-share market have forecasted their performance for the first half of 2025, with 39 companies expecting positive results, representing over 70% [1] - Shenzhen Hanyu Pharmaceutical Co., Ltd. anticipates a net profit of between 142 million to 162 million yuan for the first half of 2025, marking a year-on-year increase of 1470.82% to 1663.89% [1] - Chengdu Saintno Biological Technology Co., Ltd. expects a net profit of 77.03 million to 94.14 million yuan, reflecting a year-on-year growth of 253.54% to 332.10% due to strong performance in its peptide raw material business [1] Group 2: Industry Trends - The pharmaceutical sector is experiencing accelerated growth driven by "innovation + overseas expansion," with innovative drug companies enhancing their international market presence [2] - The electronic industry is benefiting from structural opportunities, particularly in hardware companies, with TaiLing Microelectronics forecasting a revenue of approximately 503 million yuan, a year-on-year increase of around 37%, and a net profit of about 99 million yuan, up 267% [2] - Anhui Xindong Lian Technology Co., Ltd. projects a net profit between 138 million to 169 million yuan for the first half of 2025, representing a growth of approximately 144.46% to 199.37% due to leading product performance and successful customer recognition [3]

Core Viewpoint - The recent "reciprocal tariffs" imposed by the U.S. have caused significant market fluctuations, but the company, ChipMotion Technology (688582), asserts that these tariffs do not have a direct major impact on its business operations [1][2]. Financial Performance - The company forecasts Q1 2025 revenue between 86 million to 89 million yuan, representing a year-on-year growth of approximately 283.34% to 296.71%, with net profit expected to be between 41 million to 46 million yuan, indicating a turnaround from losses [1]. - In 2024, the company achieved revenue of 405 million yuan, a year-on-year increase of 27.57%, and net profit of 222 million yuan, up 34.33% [2]. Business Operations - The company specializes in the research, testing, and sales of high-performance silicon-based MEMS inertial sensors, including gyroscopes and accelerometers, which are used in various applications such as navigation, posture sensing, and state monitoring [1]. - The company’s MEMS sensor chips have reached navigation-grade accuracy, positioning them competitively alongside international peers and filling a domestic gap in the high-performance MEMS inertial sensor market [1]. Market Dynamics - The company’s downstream clients are primarily domestic module manufacturers, and its end customers do not involve the U.S. market, thus mitigating any significant sales impact from the tariffs [2]. - The supply chain is mainly composed of domestic and non-U.S. suppliers, with some U.S. components having domestic alternatives, ensuring no major disruptions [2]. Product Development - The company has secured a major contract worth 270 million yuan for gyroscope sales, expected to be fulfilled by December 31, 2025, with stable supply chain operations unaffected by tariff changes [3]. - The company is expanding its production capacity for accelerometers, which are anticipated to see accelerated growth, with successful mass production of resonant FM accelerometers and dual-axis and tri-axis accelerometers [3]. Future Outlook - The company believes that inertial and pressure sensors are foundational in the industrial system, with broad applications that will support long-term revenue growth [3]. - The MEMS inertial sensors represent the third generation of products, expected to replace earlier generations, with applications in emerging fields such as smart driving, low-altitude operations, commercial aerospace, and robotics, providing significant growth opportunities [3].

Group 1: Share Buybacks - WuXi AppTec plans to repurchase A-shares with a total amount of 1 billion yuan, at a price not exceeding 92.05 yuan per share, to be used for cancellation and reduction of registered capital [1] - Senying Windows intends to repurchase shares using self-raised funds, with a total amount between 10 million and 20 million yuan, at a price not exceeding 19.44 yuan per share, for employee stock ownership plans or equity incentive plans [1] Group 2: Contract Wins - CloudWalk Technology's subsidiary signed a contract worth 195.38 million yuan for a computing power expansion project, marking a strategic breakthrough in the AIGC field and enhancing its AI technology capabilities [2] Group 3: Annual Reports - Jinyi Industrial reported a revenue of 2.37 billion yuan for 2024, a 2.4% increase, and a net profit of 130 million yuan, turning around from a loss of 19.29 million yuan the previous year [3] - Shanjin International achieved a revenue of 13.585 billion yuan, a 67.6% increase, with a net profit of 2.173 billion yuan, up 52.57% [3] - Boshen Co. reported a revenue of 1.681 billion yuan, a 4.65% increase, and a net profit of 192 million yuan, up 48.9% [3] - Dong'e Ejiao's revenue reached 5.921 billion yuan, a 25.57% increase, with a net profit of 1.557 billion yuan, up 35.29% [4] - Xindong Lian Ke reported a revenue of 405 million yuan, a 27.57% increase, and a net profit of 222 million yuan, up 34.33% [5] - Haiyou Engineering's revenue was 29.954 billion yuan, a 2.59% decrease, while net profit increased by 33.38% to 2.161 billion yuan [5] - Hengtong Co. reported a revenue of 2 billion yuan, a 46.69% decrease, with a net profit of 155 million yuan, up 31.98% [5] - CITIC Haze reported a revenue of 2.163 billion yuan, a 9.83% increase, and a net profit of 303 million yuan, up 26.81% [5] Group 4: Important Corporate Actions - Changsheng Bearing adjusted its share repurchase price ceiling from 66.80 yuan to 128.50 yuan per share, effective from March 18, 2025 [9] - Weichai Power plans to temporarily suspend the spin-off of its subsidiary Weichai Torch Technology for listing on the Growth Enterprise Market [9] Group 5: Investments and Collaborations - Haifeng Wind Power signed an investment agreement for a 2.5 billion yuan offshore high-end equipment manufacturing export base project [11] - Xingsheng Machinery plans to acquire 51% of Suzhou Electric Fuel Injection Technology Co., Ltd. for 76.5 million yuan [14]

股票简称：芯动联科 股票代码：688582 安徽芯动联科微系统股份有限公司 Anhui XDLK Microsystem Corporation Limited （安徽省蚌埠市财院路 10 号） 首次公开发行股票科创板 上市公告书 保荐人（主承销商） （北京市朝阳区安立路66号4号楼） 二零二三年六月二十九日 特别提示 安徽芯动联科微系统股份有限公司（以下简称"芯动联科"、"发行人"、 "本公司"或"公司"）股票将于 2023 年 6 月 30 日在上海证券交易所科创板 上市。本公司提醒投资者应充分了解股票市场风险及本公司披露的风险因素， 在新股上市初期切忌盲目跟风"炒新"，应当审慎决策、理性投资。 本上市公告书中所引用数据，如合计数与各分项数直接相加之和存在差异， 或小数点后尾数与原始数据存在差异，可能系由精确位数不同或四舍五入形成 的。 1 第一节 重要声明与提示 一、重要声明与提示 （一）本公司及全体董事、监事、高级管理人员保证上市公告书所披露信 息的真实、准确、完整，承诺上市公告书不存在虚假记载、误导性陈述或者重 大遗漏，并依法承担法律责任； （二）上海证券交易所、有关政府机关对本公司股票上市及有关事 ...