10月10日，晶丰明源跌5.13%，截至发稿，报111.53元/股，成交1.69亿元，换手率1.68%，总市值98.69 亿元。 资料显示，上海晶丰明源半导体股份有限公司位于中国(上海)自由贸易试验区申江路5005弄3号9-11层,2 号102单元，成立日期2008年10月31日，上市日期2019年10月14日，公司主营业务涉及拟半导体电源管 理类芯片的设计、研发与销售。主营业务收入构成为：LED照明驱动芯片51.44%，电机控制驱动芯片 26.21%，AC/DC电源芯片17.56%，高性能计算电源芯片4.76%，其他0.03%。 从基金十大重仓股角度 数据显示，太平基金旗下1只基金重仓晶丰明源。太平行业优选A（009537）二季度持有股数12.94万 股，占基金净值比例为6.69%，位居第四大重仓股。根据测算，今日浮亏损失约78.04万元。 太平行业优选A（009537）成立日期2020年9月1日，最新规模9337.23万。今年以来收益41.79%，同类 排名1274/4220；近一年收益47.59%，同类排名942/3852；成立以来收益18.58%。 太平行业优选A（009537）基金经理为林开盛。 截 ...

截至发稿，张志梅累计任职时间7年310天，现任基金资产总规模4.29亿元，任职期间最佳基金回报 121.21%， 任职期间最差基金回报-18.14%。 李睿累计任职时间235天，现任基金资产总规模1064.67万元，任职期间最佳基金回报44.59%， 任职期 间最差基金回报0.03%。 数据显示，尚正基金旗下1只基金重仓晶丰明源。尚正研究睿选混合发起A（023397）二季度持有股数 8249股，占基金净值比例为6.8%，位居第七大重仓股。根据测算，今日浮亏损失约4.97万元。 尚正研究睿选混合发起A（023397）成立日期2025年2月18日，最新规模1058.49万。成立以来收益 46.66%。 尚正研究睿选混合发起A（023397）基金经理为张志梅、李睿。 10月10日，晶丰明源跌5.13%，截至发稿，报111.53元/股，成交1.69亿元，换手率1.68%，总市值98.69 亿元。 资料显示，上海晶丰明源半导体股份有限公司位于中国(上海)自由贸易试验区申江路5005弄3号9-11层,2 号102单元，成立日期2008年10月31日，上市日期2019年10月14日，公司主营业务涉及拟半导体电源管 理类芯片 ...

Group 1 - The company Jingfeng Mingyuan (688368.SH) reported a significant revenue increase of 419.81% in its high-performance computing power chip business for the first half of the year compared to the same period last year [1] - The company has successfully mass-produced and entered the scale sales stage for its entire range of products, including digital multi-phase controllers, DrMOS, POL, and Efuse [1] - New generation graphics card applications have been shipped in large quantities to multiple domestic and international customers [1] Group 2 - The company's self-developed first-generation 40V BCD process platform has achieved stable mass production [1] - The second-generation 40V BCD process platform's designed DrMOS products have significantly improved cost-performance and have entered mass production [1] - The research and development of the third-generation process is progressing, with chip design completed and mass production expected in 2026 [1]

Group 1 - The core viewpoint of the news is that Jingfeng Mingyuan's stock has seen a significant increase, with a rise of 5.64% to 109.60 CNY per share, and a total market capitalization of 9.65 billion CNY [1] - Jingfeng Mingyuan Semiconductor Co., Ltd. specializes in the design, research, and sales of semiconductor power management chips, with its main revenue sources being LED lighting driver chips (51.44%), motor control driver chips (26.21%), AC/DC power chips (17.56%), high-performance computing power chips (4.76%), and others (0.03%) [1] - The company is located in the Shanghai Free Trade Zone and was established on October 31, 2008, with its listing date on October 14, 2019 [1] Group 2 - Taiping Fund has a significant holding in Jingfeng Mingyuan, with its Taiping Industry Selection A fund (009537) holding 129,400 shares, accounting for 6.69% of the fund's net value, making it the fourth-largest holding [2] - The Taiping Industry Selection A fund has achieved a year-to-date return of 34.92% and a one-year return of 85.74%, ranking 1387 out of 4220 and 860 out of 3814 in its category, respectively [2] - The fund manager, Lin Kaisheng, has been in position for 8 years and 140 days, with the fund's total asset size at 396 million CNY and a best return of 81.84% during his tenure [3]

登录新浪财经APP 搜索【信披】查看更多考评等级 根据披露的机构调研信息2025年9月1日至2025年9月3日，泉果基金对上市公司晶丰明源进行了调研。 基金市场数据显示，泉果基金成立于2022年2月8日。截至目前，其管理资产规模为163.96亿元，管理基 金数6个，旗下基金经理共5位。旗下最近一年表现最佳的基金产品为泉果旭源三年持有期混合A （016709），近一年收益录得57.90%。 截至2025年9月9日，泉果基金近1年回报前8非货币基金业绩表现如下所示： 本次交易尚需满足多项条件后方可实施,包括但不限于上交所审核通过、中国证监会同意注册等。本次 交易能否取得上述批准和注册,以及最终取得批准和同意注册的时间均存在不确定性。公司会严格按照 相关法律法规履行信息披露义务,敬请关注后续公告。 基金代码基金简称近一年收益成立时间基金经理016709泉果旭源三年持有期混合A57.902022年10月18日 赵诣 016710泉果旭源三年持有期混合C57.252022年10月18日赵诣 018329泉果思源三年持有期混合 A48.262023年6月2日刚登峰 018330泉果思源三年持有期混合C47.672023年 ...

数据显示，太平基金旗下1只基金重仓晶丰明源。太平行业优选A（009537）二季度持有股数12.94万 股，占基金净值比例为6.69%，位居第四大重仓股。根据测算，今日浮盈赚取约61.99万元。 太平行业优选A（009537）成立日期2020年9月1日，最新规模9337.23万。今年以来收益18.94%，同类 排名2394/4222；近一年收益62.34%，同类排名1319/3798；成立以来亏损0.53%。 风险提示：市场有风险，投资需谨慎。本文为AI大模型自动发布，任何在本文出现的信息（包括但不 限于个股、评论、预测、图表、指标、理论、任何形式的表述等）均只作为参考，不构成个人投资建 议。 从基金十大重仓股角度 责任编辑：小浪快报 9月11日，晶丰明源涨5.02%，截至发稿，报100.27元/股，成交1.33亿元，换手率1.54%，总市值88.29亿 元。 太平行业优选A（009537）基金经理为林开盛。 资料显示，上海晶丰明源半导体股份有限公司位于中国(上海)自由贸易试验区申江路5005弄3号9-11层,2 号102单元，成立日期2008年10月31日，上市日期2019年10月14日，公司主营业务涉及拟半 ...

Core Viewpoint - The article discusses the aggressive acquisition strategy of the domestic analog chip manufacturer, Jingfeng Mingyuan, which plans to acquire the loss-making wireless charging chip company, Yichong Technology, for 3.283 billion RMB (approximately 457 million USD), representing a premium of 260% over its market value. This move is part of Jingfeng Mingyuan's broader strategy to expand its product portfolio and enhance competitiveness despite facing financial losses in recent years [3][20]. Group 1: Acquisition Strategy - Since its establishment in 2008, Jingfeng Mingyuan has been actively pursuing acquisitions, with four notable deals since 2020, including the planned acquisition of Yichong Technology [4][5]. - The acquisition amounts have increased significantly over the years, indicating a growing ambition to strengthen the company's market position [5][6]. - The founder, Hu Liqiang, has emphasized that acquisitions are essential for growth and will continue to be pursued based on strategic needs [5][6]. Group 2: Financial Performance - Jingfeng Mingyuan has faced financial challenges, reporting net losses of 206 million RMB, 91 million RMB, and 33 million RMB from 2022 to 2024, respectively [21][22]. - Despite the losses, the company achieved a revenue of 1.503 billion RMB in 2024, a year-on-year increase of 15.38%, although it still reported a net loss [22][23]. - The company's R&D expenses increased significantly, reaching 400 million RMB in 2024, which contributed to the ongoing losses [22][23]. Group 3: Market Position and Challenges - Jingfeng Mingyuan's revenue from LED lighting driver chips decreased from 72.3% in 2023 to 57.76% in 2024, reflecting increased competition and price declines in the market [18][19]. - The company is diversifying into AC/DC power chips and motor control chips, which are seen as new growth areas, with AC/DC revenue increasing by 39.64% in 2024 [18][19]. - The competitive landscape in the analog chip industry is intensifying, with many companies pursuing similar acquisition strategies to enhance their product offerings [29].

Group 1 - The semiconductor industry is experiencing a structural recovery with significant improvement in profitability, as evidenced by a 60% quarter-on-quarter increase in profits in Q2, reaching a total revenue of 321.2 billion yuan in the first half of the year [1][2] - The semiconductor sales market continues to grow rapidly, with a projected global market size of 346 billion USD in the first half of 2025, reflecting an 18.9% year-on-year increase [2] - The average gross margin of the semiconductor industry has improved from 32.45% in Q1 to 33.23% in Q2, with notable increases in various segments including digital chips and semiconductor equipment [3] Group 2 - The chip design sector is leading in profit growth, with digital chips generating nearly 5.8 billion yuan in Q2, and the analog chip segment seeing a fourfold increase in profits [4] - Companies like SourceJet Technology have reported significant revenue growth, achieving a 70% increase in total revenue and a 330% rise in net profit in the first half of the year [4] - Wintech Technology, despite a 20% decline in revenue, saw a 237% increase in net profit, driven by growth in AI data center applications [5][6] Group 3 - The semiconductor materials sector has improved operational efficiency, with average inventory turnover days decreasing from 146 to 138 days [7] - Companies like ShenGong Co. and Zhongjing Technology have reported substantial profit increases, with ShenGong achieving a 900% year-on-year increase in net profit [7] - However, domestic silicon wafer leader Hu Silicon Industry continues to face losses due to market pressures and high capital expenditures [8]

Group 1 - The core point of the news is that Jingfeng Mingyuan's stock price dropped by 5.06% to 103.04 CNY per share, with a trading volume of 244 million CNY and a turnover rate of 2.66%, resulting in a total market capitalization of 9.073 billion CNY [1] - Jingfeng Mingyuan Semiconductor Co., Ltd. is located in the China (Shanghai) Free Trade Zone and was established on October 31, 2008, with its listing date on October 14, 2019 [1] - The company's main business involves the design, research and development, and sales of semiconductor power management chips, with revenue composition as follows: LED lighting driver chips 51.44%, motor control driver chips 26.21%, AC/DC power chips 17.56%, high-performance computing power chips 4.76%, and others 0.03% [1] Group 2 - From the perspective of fund holdings, one fund under Taiping Fund has a significant position in Jingfeng Mingyuan, with Taiping Industry Select A (009537) holding 129,400 shares, accounting for 6.69% of the fund's net value, ranking as the fourth-largest holding [2] - The fund has a current scale of 93.3723 million CNY and has achieved a year-to-date return of 25.59%, ranking 1625 out of 4222 in its category, and a one-year return of 70.05%, ranking 1055 out of 3776 [2] - The fund manager, Lin Kaisheng, has been in position for 8 years and 115 days, with the best fund return during his tenure being 71.95% and the worst being -12.31% [2]

Investment Rating - The report maintains a "Buy" rating for the company, indicating an expected stock price increase of 5% to 15% over the next six months [4]. Core Insights - In the first half of 2025, the company achieved revenue of 731 million yuan, a slight decrease of 0.44% year-on-year, while net profit attributable to shareholders reached 15.76 million yuan, marking a turnaround from losses [1]. - The company's high-performance computing (HPC) power chips have become a core growth driver, with revenue from HPC and motor control drivers exceeding 30% of total revenue, significantly supporting the performance recovery [2]. - The company has successfully entered the NVIDIA recommended supplier list, becoming the first domestic power chip enterprise to do so, and has achieved substantial sales in next-generation graphics cards for major GPU clients [2]. - The traditional business structure has been optimized, with LED lighting revenue declining by 15.02% to 376 million yuan, but gross margin improved by 4.46 percentage points through the expansion of high-value-added products [3]. - The company is actively pursuing acquisitions, including a planned acquisition of Easy Charge Technology, which is a leader in the wireless charging sector, aiming to enhance long-term growth potential [3]. Financial Summary - The projected revenues for 2025, 2026, and 2027 are 1.612 billion yuan, 1.926 billion yuan, and 2.254 billion yuan, respectively, with corresponding price-to-sales ratios of 5.0, 4.2, and 3.6 [3]. - The net profit attributable to shareholders is expected to turn positive in 2025, reaching 71 million yuan, with a significant growth rate of 63.78% [3]. - The company's gross margin is projected to improve from 37.1% in 2024 to 41.6% in 2027, indicating enhanced profitability [11].