（文章来源：证券日报） 证券日报网讯 11月27日，芯动联科在互动平台回答投资者提问时表示，公司始终密切关注包括商业航 天在内的下游应用领域的发展机遇。公司的高性能MEMS惯性传感器产品，因其高可靠性等特点，目前 已覆盖商业航天、高可靠领域、无人系统、智能驾驶等。在商业航天领域，公司的相关项目持续推进， 这为公司未来参与商业航天产业链、服务国家相关行动计划奠定了技术基础。未来，公司将依托自身在 高性能MEMS惯性技术上的核心优势，积极跟进市场和客户需求，不断拓展产品应用的广度与深度。 ...

芯动联科回复称，公司在商业航天领域主要开展高性能MEMS惯性传感器业务，核心产品包括MEMS陀 螺仪和MEMS加速度计，适用于卫星导航、姿态控制及轨道确定等惯性系统。公司产品在商业航天领域 已经逐步应用并持续多年。 格隆汇11月27日｜有投资者在互动平台向芯动联科提问：请问公司在商业航天领域有哪些业务？哪些产 品适用于这些业务？ ...

格隆汇11月27日丨芯动联科(688582.SH)在投资者互动平台表示，公司在商业航天领域主要开展高性能 MEMS惯性传感器业务，核心产品包括MEMS陀螺仪和MEMS加速度计，适用于卫星导航、姿态控制及 轨道确定等惯性系统。公司产品在商业航天领域已经逐步应用并持续多年。 ...

Summary of the Conference Call on New Motion Technology Company Overview - New Motion Technology is one of the few domestic companies capable of stable mass production of high-performance MEMS gyroscopes, having established a closed-loop technology system encompassing chip design, process solutions, packaging, and testing [2][3][7] - The company has a strong foundation and a management team with deep scientific research backgrounds, contributing to its competitive edge in the MEMS sensor market [2][7] Industry Insights - The global high-performance inertial sensor market was approximately $3.7 billion in 2023 and is expected to reach $7 billion by 2028, with the domestic market projected to exceed 7 billion RMB [2][6] - The MEMS sensor market is experiencing significant growth, particularly in applications for industrial communication, high-reliability automotive electronics, and medical fields [2][8] Key Developments - New Motion Technology has achieved a breakthrough in R&D, with its FM accelerometer now capable of mass production and beginning small-scale shipments [2][4] - The company is actively developing a 6-axis automotive-grade IMU for applications in intelligent driving and humanoid robots, expanding its application scenarios [5][4] Competitive Advantages - New Motion Technology has a strong technological barrier and a long-term growth logic, being one of the few domestic suppliers capable of stable mass production of high-performance MEMS gyroscopes [3][7] - The company maintains a high gross margin of around 85% and a net profit margin of approximately 50%, primarily due to high average selling prices and relatively low unit costs [2][7][19] Market Trends - The demand for high-performance MEMS sensors is growing, with significant applications in defense and aerospace, which account for about half of the market share [6][12] - The MEMS market is expected to grow at a compound annual growth rate (CAGR) of approximately 10% from 2021 to 2027, with high growth in defense and industrial sectors [12] Application Areas - MEMS sensors are widely used in various fields, including industrial communication, automotive electronics, and medical applications [8] - In the intelligent connected vehicle sector, the combination of IMU and GNSS is accelerating development, with MEMS sensors becoming mainstream for vehicle navigation [11] Emerging Opportunities - The low-altitude economy and humanoid robots represent significant growth points for MEMS technology, with IMUs being crucial for navigation and stability [4][14][15] - The commercial aerospace sector is a core application area for MEMS, with a market size of approximately $3 billion in 2023, expected to reach $4 billion by 2029 [17] Conclusion - New Motion Technology is well-positioned to capitalize on the growing demand for high-performance MEMS sensors, with its strong R&D capabilities, competitive advantages, and expanding application scenarios in various industries [2][3][4][19]

Core Viewpoint - ChipMotion Technology (688582.SH) is experiencing rapid growth in performance due to its proprietary high-performance MEMS inertial sensor product system, with significant revenue and profit increases projected for the first half of 2025 [1][2]. Financial Performance - The company expects to achieve revenue between 228 million to 278 million yuan in the first half of 2025, representing a year-on-year growth of approximately 66.04% to 102.45% [1][2]. - Net profit attributable to shareholders is projected to be between 138 million to 169 million yuan, indicating a year-on-year increase of approximately 144.46% to 199.37% [1][2]. - The net profit excluding non-recurring gains and losses is expected to be between 125 million to 169 million yuan, reflecting a growth of 163.23% to 255.89% [2]. Research and Development - ChipMotion has consistently emphasized technological research and development, with R&D expenses reaching 27.63 million yuan in Q1 2025, a year-on-year increase of 26.66%, accounting for approximately 31% of the revenue during the same period [1][7]. - The company has established a complete business process and supply chain system, forming a technological closed loop in MEMS inertial sensor chip design, MEMS process development, packaging, and testing [6][7]. Market Position and Applications - ChipMotion's products, including MEMS gyroscopes and MEMS accelerometers, are widely used in high-end industries, smart manufacturing, and autonomous vehicles, gradually replacing fiber optic and laser gyroscopes in certain downstream applications [3][5]. - The company has been recognized as a "hidden champion" in the domestic high-performance inertial sensor market, with its products gaining acceptance across various fields due to their superior performance and cost-effectiveness [3][5]. Historical Performance - The company's revenue for 2022 and 2023 was 227 million and 317 million yuan, respectively, with year-on-year growth rates of 36.58% and 39.77% [3][4]. - In 2024, ChipMotion achieved revenue of 405 million yuan, a year-on-year increase of 27.57%, and a net profit of 222 million yuan, growing by 34.33% [4].

Group 1 - The well-known private equity firm Zhengyuan Investment recently conducted research on three listed companies [1] - The companies researched include Chip Motion Technology, Meirui New Materials, and Tianfu Communication [1] - Chip Motion Technology focuses on chip design and has its own packaging and testing capabilities, with external foundries for wafer fabrication [1] - Meirui New Materials has implemented an industry-leading intelligent manufacturing plan that significantly enhances production efficiency [1] - Tianfu Communication positions itself as a provider of overall solutions for optical communication devices and advanced optoelectronic packaging services [1] Group 2 - Chip Motion Technology's high-performance MEMS inertial sensors are primarily used in attitude stabilization and positioning navigation, with applications in industrial robotics [1] - Meirui New Materials' intelligent manufacturing plan spans all production stages, greatly improving manufacturing efficiency [1] - Tianfu Communication's products are widely used in telecommunications, data centers, fiber optic connections, and automotive auxiliary driving laser radar [1] - Zhengyuan Investment was established in 2015 in Shenzhen Qianhai Free Trade Zone and has a professional investment research team [1] - The firm aims to serve the development of China's real economy by connecting social capital with quality industries [1]

解科创板的投资风险及本公司所披露的风险因素，审慎作出投资决定。 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） 首次公开发行股票并在科创板上市 招股说明书 本次发行股票拟在科创板上市，科创板公司具有研发投入大、经营风险高、 业绩不稳定、退市风险高等特点，投资者面临较大的市场风险。投资者应充分了 保荐人（主承销商） 安徽芯动联科微系统股份有限公司 招股说明书 声明 中国证监会、交易所对本次发行所作的任何决定或意见，均不表明其对注册 申请文件及所披露信息的真实性、准确性、完整性作出保证，也不表明其对发行 人的盈利能力、投资价值或者对投资者的收益作出实质性判断或者保证。任何与 之相反的声明均属虚假不实陈述。 根据《证券法》的规定，股票依法发行后，发行人经营与收益的变化，由发 行人自行负责；投资者自主判断发行人的投资价值，自主作出投资决策，自行承 担股票依法发行后因发行人经营与收益变化或者股票价格变动引致的投资风险。 （北京市朝阳区安立路 66 号 4 号楼） 目 录 | 声明 | | --- | | 本次发行概况 ...

本次股票发行后拟在科创板市场上市，该市场具有较高的投资风险。科 创板公司具有研发投入大、经营风险高、业绩不稳定、退市风险高等特点，投资 者面临较大的市场风险。投资者应充分了解科创板市场的投资风险及本公司所披 露的风险因素，审慎作出投资决定。 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） 首次公开发行股票并在科创板上市 招股意向书 保荐人（主承销商） （北京市朝阳区安立路 66 号 4 号楼） 安徽芯动联科微系统股份有限公司 招股意向书 声明 中国证监会、交易所对本次发行所作的任何决定或意见，均不表明其对注册 申请文件及所披露信息的真实性、准确性、完整性作出保证，也不表明其对发行 人的盈利能力、投资价值或者对投资者的收益作出实质性判断或者保证。任何与 之相反的声明均属虚假不实陈述。 根据《证券法》的规定，股票依法发行后，发行人经营与收益的变化，由发 行人自行负责；投资者自主判断发行人的投资价值，自主作出投资决策，自行承 担股票依法发行后因发行人经营与收益变化或者股票价格变动引致的投资风险。 1-1-1 安徽 ...

本次股票发行后拟在科创板市场上市，该市场具有较高的投资风险。科创板 公司具有研发投入大、经营风险高、业绩不稳定、退市风险高等特点，投资者面 临较大的市场风险。投资者应充分了解科创板市场的投资风险及本公司所披露的 风险因素，审慎作出投资决定。 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） 首次公开发行股票并在科创板上市 招股说明书 保荐人（主承销商） 安徽芯动联科微系统股份有限公司 招股说明书（注册稿） 声明 中国证监会、交易所对本次发行所作的任何决定或意见，均不表明其对注册 申请文件及所披露信息的真实性、准确性、完整性作出保证，也不表明其对发行 人的盈利能力、投资价值或者对投资者的收益作出实质性判断或者保证。任何与 之相反的声明均属虚假不实陈述。 （注册稿） 本公司的发行上市申请尚需经上海证券交易所和中国证监会履行相应程序。 本招股说明书不具有据以发行股票的法律效力，仅供预先披露之用。投资者应当 以正式公告的招股说明书全文作为作出投资决定的依据。 （北京市朝阳区安立路 66 号 4 号楼） 根据《证券法》 ...

险。科创板公司具有研发投入大、经营风险高、业绩不稳定、退市风险高等特点， 投资者面临较大的市场风险。投资者应充分了解科创板市场的投资风险及本公司 所披露的风险因素，审慎作出投资决定。 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） 招股说明书 （上会稿） 本公司的发行上市申请尚需经上海证券交易所和中国证监会履行相应程序。 本招股说明书不具有据以发行股票的法律效力，仅供预先披露之用。投资者应当 以正式公告的招股说明书全文作为作出投资决定的依据。 保荐人（主承销商） （北京市朝阳区安立路 66 号 4 号楼） 北方本次股票发行后拟在科创板市场上市，该市场具有较高的投资风 首次公开发行股票并在科创板上市 安徽芯动联科微系统股份有限公司 招股说明书（上会稿） 声明 中国证监会、交易所对本次发行所作的任何决定或意见，均不表明其对注册 申请文件及所披露信息的真实性、准确性、完整性作出保证，也不表明其对发行 人的盈利能力、投资价值或者对投资者的收益作出实质性判断或者保证。任何与 之相反的声明均属虚假不实陈述。 根据《证券 ...