1月5日，敏芯股份盘中上涨2.04%，截至10:09，报80.56元/股，成交5612.24万元，换手率1.25%，总市 值45.15亿元。 敏芯股份所属申万行业为：电子-半导体-模拟芯片设计。所属概念板块包括：智能家居、智能穿戴、阿 里概念、无线耳机、小盘等。 截至9月30日，敏芯股份股东户数9762.00，较上期增加34.56%；人均流通股5740股，较上期减少 25.64%。2025年1月-9月，敏芯股份实现营业收入4.64亿元，同比增长37.73%；归母净利润3654.57万 元，同比增长175.99%。 分红方面，敏芯股份A股上市后累计派现1674.34万元。近三年，累计派现0.00元。 责任编辑：小浪快报 机构持仓方面，截止2025年9月30日，敏芯股份十大流通股东中，信澳领先增长混合A（610001）位居 第七大流通股东，持股76.89万股，相比上期减少37.22万股。信澳先进智造股票型A（006257）位居第 八大流通股东，持股74.02万股，相比上期减少76.13万股。 资金流向方面，主力资金净流出170.13万元，特大单买入103.84万元，占比1.85%，卖出116.86万元，占 比2. ...

"十五五"时期，推动高质量发展这一鲜明主题，对产业发展路径提出了清晰而深刻的要求，在这一战略 蓝图中，每一个产业节点的强化，都关乎产业现代化进程的安全韧性与升级动能。 就比如传感器。如果说AI是智能时代的"大脑"，那么传感器就是感知万物、连接虚实的"神经末梢"。基 础而关键的感知能力，构成了产业赖以发展的数据源头。 当"培育新质生产力"的时代潮流袭来，歌尔微再次成为先行者，以其在智能传感领域的全栈创新与生态 布局，成为推动新质生产力发展的关键力量。 从"跟跑"到"领跑" 近日，在青岛崂山区举行的2025全球独角兽企业500强大会上，歌尔微电子股份有限公司(以下简称"歌 尔微")成功入围2025年全球独角兽企业500强榜单，成为山东省唯一的代表，再次印证了其在先进制造 领域的顶尖水平。 站在"十五五"开局的关键节点，歌尔微的入围，意义远超企业自身。 实现产业化的高质量发展，最扎实的路径是高水平科技自立自强。近年来，歌尔微紧跟国家战略与时代 脉搏，在技术前端的研发触角已全面延伸至光学、压力等多元传感领域，并积极探索与人工智能、新型 材料的交叉融合。 继量产出业内最小尺寸的压力传感器之后，歌尔微在国内率先完成60米 ...

"2007年我们创业时，国内连代工MEMS晶圆的工厂都找不到。现在，我们每个月能够生产1亿颗传感 器，累计出货超过50亿颗，相当于每个中国人平均拥有3颗左右" 在敏芯股份位于苏州纳米城的无尘车 间里，一颗仅半个芝麻粒大小的MEMS声学传感器静静躺在载玻片上。正是这样一颗小小的器件，在敏 芯股份2024年营收中占据47.61%的份额，让敏芯股份在2020年成为中国MEMS芯片第一股。 "2007年我 们创业时，国内连代工MEMS晶圆的工厂都找不到。现在，我们每个月能够生产1亿颗传感器，累计出 货超过50亿颗，相当于每个中国人平均拥有3颗左右。"从技术背包客到MEMS传感器龙头企业，敏芯股 份董事长李刚道出了中国MEMS产业从无到有的发展历程。 做最牛的产品： 从"人有我廉"到"人有我 优" MEMS传感器，可以被称为智能产品的"五官"，在手机、汽车、机器人等终端中不可或缺。二十年 前，这项起源于国外的技术在楼氏电子、英飞凌等国际巨头的推动下迎来商业化，但国内的MEMS产业 彼时仍是一张白纸。 敏芯股份的突围，始于创始人李刚对MEMS传感器的学术志趣。微电子专业出身 的李刚在攻读研究生时确定，MEMS是可以花一辈 ...

出品：新浪财经上市公司研究院 好在2024年公司MEMS压力传感器业务迎来放量，贡献大量营收，但该业绩质量存疑，相关产品价格较上年同期降幅超50%。 受上述因素影响，公司近三个完整会计年度的归母净利润均为亏损，财务压力着实不小。 公司股价上市即破发 减持成为每年必备节目 敏芯股份上市于2020年8月10日，上市当天实现小幅上涨，第二日便迎来-16.24%的深度下跌，并在此后跌跌不休，至今仍处于破发状态。 敏芯股份上市以来的股价表现（资料来源：Wind数据库） 作者：光心 12月14日，敏芯股份发布公告，称董事、副总经理、核心技术人员梅嘉欣先生拟减持0.3925%的公司股权。截至公告日，梅嘉欣先生持有公司2.98%的股 份，这个减持数额占其所持股份的13%。 敏芯股份自上市以来便陷入破发状态，每年公司股东、高管减持已成常态。而此次的减持方为公司元老，除公告所述职务外，还是公司创始人之一、公司实 控人的一致行动人，其减持动作或说明了资深内部人士对公司股价的看法。 敏芯股份作为专攻MEMES芯片的Fabless企业，曾重金押注MEMS麦克风生产基地项目，但随着后期相关产品价格跌幅远高于预期，该项目5亿元的营收目标 ...

歌尔股份动作频频。95亿元收购米亚精密、昌宏实业两家苹果结构件供应商，1亿美元投资英国Micro- LED公司Plessey以绑定Meta。不过，近百亿收购最终遗憾夭折。 作为"果链"龙头之一，歌尔股份有着不错的经营业绩。2025年前三季度，公司实现的归母净利润25.87 亿元，逼近2024年全年，同比继续保持两位数的速度增长。 全球布局的科技创新型企业歌尔股份（002241）(002241.SZ)一项资本运作完成。 12月8日晚，公司子公司歌尔光学股权交易完成，将不再纳入公司合并报表范围。公司因此增加20亿元 的投资收益。 2025年7月22日，歌尔股份曾公告，作价约95亿元收购米亚精密、昌宏实业两家苹果结构件供应商，聚 焦新兴智能硬件领域的精密结构件及核心零组件，加码与苹果的合作。 不过，2025年10月17日，歌尔股份公告称，由于交易双方未能就关键条款达成一致意见，公司与交易对 方经过友好协商，决定终止该项筹划。 歌尔股份坚持研发创新驱动，以跟上全球知名企业技术步伐。2025年前三季度，公司研发投入39.80亿 元，此前的2022年至2024年的研发投入合计为151.23亿元。 截至2024年末，公司累 ...

Core Viewpoint - The news highlights the significant growth and strategic initiatives of GoerTek Inc., a technology innovation enterprise from Weifang, which has become a leader in the global acoustic and optical precision components and smart hardware sectors [1][3]. Group 1: Company Overview - GoerTek Inc. was established in 2001 and has developed into a key high-tech enterprise in China, recognized as a national technology innovation demonstration enterprise and a champion in specific manufacturing sectors [1][3]. - The company has consistently ranked among the top 500 enterprises in China and the top 500 private enterprises, with a goal to be included in the Fortune China Technology 50 list by 2025 [1]. Group 2: Strategic Initiatives - GoerTek is deeply integrated into global supply chains, targeting international markets and leading in product shipments of micro speakers, MEMS acoustic sensors, virtual reality, and smart wearables [3]. - The company is enhancing collaboration with global strategic clients and exploring the integration of AI with smart terminals, as well as developing new technologies and products for the metaverse [3]. Group 3: Innovation and Talent Development - GoerTek is spearheading the establishment of the National Virtual Reality Innovation Center and collaborating with renowned universities to promote talent cultivation through industry-education integration [3]. - The company is implementing targeted talent acquisition plans and plans to strengthen its talent development efforts to support the growth of emerging industries [3]. Group 4: Future Outlook - As the AI revolution accelerates, GoerTek aims to seize development opportunities, expand its production layout in Weifang, and enhance its smart manufacturing model to create a globally competitive AI and metaverse industry cluster [4].

Group 1 - The core viewpoint of the news is that Minxin Microelectronics has seen a significant increase in its stock price, rising by 5.16% to 82.32 CNY per share, with a trading volume of 165 million CNY and a turnover rate of 3.68%, resulting in a total market capitalization of 4.613 billion CNY [1] - Minxin Microelectronics, established on September 25, 2007, and listed on August 10, 2020, specializes in the research and sales of MEMS sensor products, with its main revenue sources being MEMS pressure sensors (43.83%), MEMS acoustic sensors (37.09%), packaging technology solutions (12.43%), MEMS inertial sensors (6.50%), and others (0.15%) [1] Group 2 - Dachen Fund has a significant holding in Minxin Microelectronics, with its Dachen CSI 360 Internet+ Index A fund (002236) holding 163,800 shares, accounting for 1.02% of the fund's net value, ranking as the tenth largest holding [2] - The Dachen CSI 360 Internet+ Index A fund has achieved a return of 40.67% year-to-date, ranking 799 out of 4207 in its category, and a one-year return of 40.19%, ranking 769 out of 4009 [2] Group 3 - The fund manager of Dachen CSI 360 Internet+ Index A is Xia Gao, who has been in the position for nearly 11 years, managing a total asset size of 2.494 billion CNY, with the best fund return during his tenure being 231.77% and the worst being -71.74% [3]

Core Insights - The core viewpoint of the article highlights that GoerTek Inc. has reported a slight decline in revenue for the first three quarters of 2025, yet it has achieved steady growth in profitability and announced a cash dividend plan to reward shareholders [1][2]. Financial Performance - For the first three quarters of 2025, GoerTek achieved operating revenue of 68.107 billion yuan, a year-on-year decrease of 2.21% [2] - The net profit attributable to shareholders reached 2.587 billion yuan, reflecting a year-on-year increase of 10.33% [2] - Basic earnings per share stood at 0.75 yuan [2] - In the third quarter, the company reported operating revenue of 30.557 billion yuan, a year-on-year increase of 4.42% [2] - The net profit attributable to shareholders for the third quarter was 1.171 billion yuan, up 4.51% year-on-year [2] - GoerTek plans to distribute a cash dividend of 1.5 yuan per 10 shares, totaling approximately 522 million yuan, which represents 20.16% of the net profit for the first three quarters [2] Business Segments - GoerTek's revenue decline is attributed to certain projects in the smart acoustic assembly segment being affected by product iteration cycles [3] - Despite this, the company's core business segments, particularly precision components and smart hardware, have shown significant growth, effectively offsetting short-term fluctuations [3] - The precision components business focuses on acoustic, optical, microelectronics, and structural parts, widely used in smartphones, VR/AR, and AI smart glasses, maintaining steady development due to technological advantages [3] - The smart hardware segment, including wearable devices, has progressed well and is a key driver of profitability [3] - The company is enhancing its profitability through lean operations, cost control, and improved production efficiency [3] Market Outlook - Multiple institutions have expressed positive views on GoerTek's growth prospects, noting that the company’s revenue has been stable, with a significant increase from 23.75 billion yuan in 2018 to 104.89 billion yuan in 2022 [4] - Although revenue is expected to stabilize around 100 billion yuan from 2022 to 2024, it is projected to gradually return to a growth trajectory starting in the second quarter of 2024 [4] - The net profit is anticipated to recover to 2.67 billion yuan in 2024 and further increase by 15.7% to 1.42 billion yuan in the first half of 2025 [4] - The integration of AI technology is expected to reshape consumer electronics, creating new product categories and driving demand for precision components [4] - The deepening fusion of AI with existing products is likely to boost the demand for high-performance acoustic sensors and micro speakers, opening new opportunities for GoerTek's precision components business [4] Strategic Confidence - GoerTek's management and employees express confidence in the future, aiming to leverage their core competitiveness and industry position to expand precision components and emerging smart hardware businesses [5]

Core Viewpoint - Sensirion Co., Ltd. (688286) has achieved profitability in the first half of 2025, with revenue from pressure product lines surpassing that of sensors, while also expanding into the humanoid robot sensor field [1][2]. Financial Performance - In the first half of this year, the company reported a net profit attributable to shareholders of 25.19 million yuan, marking a significant turnaround from losses [1]. - The overall gross profit margin for products increased to 31.64%, up by 10.21 percentage points year-on-year [1]. - The second quarter saw the company leading in profit growth within the analog chip sector [1]. Product Development and Market Position - The growth in performance is primarily attributed to the widespread application of MEMS acoustic sensors in consumer electronics and automotive electronics, as well as the ongoing expansion of MEMS pressure sensors in electronic cigarettes, medical devices, and industrial control markets [1]. - The high-margin pressure product line has now surpassed the acoustic product line, becoming the largest contributor to the company's revenue [1]. - The revenue share from inertial sensor products is also rapidly increasing, contributing to the overall improvement in product gross margins [1]. Strategic Initiatives - The company has entered multiple brand selections for waterproof barometer products and is promoting these devices for mobile phone applications, aiming to expand from smartwatches to mobile downstream applications [2]. - The company’s inertial product shipments are gradually increasing, with the market remaining competitive, primarily focused on consumer products [2]. - The company’s subsidiary, Zhonghong Weiyu, has seen significant revenue growth in its IMU (Inertial Measurement Unit) products and is developing future applications for automotive, robotics, and agricultural machinery [2]. Research and Development Focus - The company is actively laying out plans in the humanoid robot sensor field, initiating research projects for six-dimensional force sensors, IMUs for robots, and glove-type pressure and temperature sensors [2]. - With the introduction of new AI models, there is a growing demand for high signal-to-noise ratio digital microphones, prompting the company to develop low-power digital microphones for applications in AI assistants, AI phones, and AI glasses [3]. - The company aims to diversify its pressure products from wearable devices to mobile applications, expanding its market share among well-known brands and focusing on mobile altimeter applications [3].

Core Viewpoint - In Q2 2025, the company achieved a revenue growth of 43.9% year-on-year, with an improvement in gross margin both year-on-year and quarter-on-quarter [3][4]. Financial Performance - For the first half of 2025, the company reported a revenue of 304 million yuan, representing a year-on-year increase of 47.82%, and a net profit attributable to shareholders of 25 million yuan, marking a turnaround from losses. The gross margin stood at 31.64%, up by 10.21 percentage points year-on-year [4]. - In Q2 2025, the company generated a revenue of 169 million yuan, reflecting a year-on-year increase of 43.9% and a quarter-on-quarter increase of 25.2%. The net profit attributable to shareholders was 22 million yuan, showing a year-on-year growth of 207.9% and a quarter-on-quarter growth of 684.3%. The gross margin for this quarter was 36.2%, an increase of 15.2 percentage points year-on-year and 10.2 percentage points quarter-on-quarter [4]. Product Line Performance - The company experienced significant growth in multiple product lines, with pressure sensor revenue reaching 133 million yuan, a year-on-year increase of 67.05%, and inertial sensor revenue at 20 million yuan, a year-on-year increase of 98.82%. The increase in high-margin products has significantly improved the company's profitability, with Q2 2025 gross margin reaching a four-year high of 36.2% [5]. - In the first half of 2025, MEMS pressure sensors, MEMS acoustic sensors, and MEMS inertial sensors accounted for approximately 44%, 37%, and 6.5% of the company's main business revenue, respectively. The pressure sensor business has surpassed the acoustic product line to become the largest revenue contributor [5]. New Product Development - The demand for new consumer electronics driven by AI applications is increasing, with the MEMS acoustic sensor positioned as a key input for AI voice interaction technology. The company has begun developing high signal-to-noise ratio, low-power digital microphones, with some models already in small-scale production. Additionally, the company is focusing on R&D for next-generation products, including bone conduction acoustic sensors for AI glasses and six-dimensional force sensors based on MEMS chips [6].