Core Viewpoint - Weijie Chuangxin's Phase7LEPlus module is the first domestic L-PAMiD product validated by MediaTek's Dimensity 9500 platform, showcasing industry-leading technical specifications and performance [2] Group 1: Product Development - The Phase7LEPlus module features higher output power and longer battery life in key frequency bands, positioning it as a leading product in the industry [2] - The module has already been shipped in bulk, with the Vivo X300 Pro model launched in October, receiving positive feedback from the market [2] Group 2: Market Engagement - The company is actively collaborating with several leading brand clients to introduce subsequent models, indicating strong market interest and potential for future growth [2]

Group 1 - The core viewpoint is that the overall industry has not shown clear signs of recovery as of the end of Q2, with different manufacturers experiencing varying short-term performance due to product structure and customer rhythm differences [2] - The company's revenue decline in Q2 was primarily influenced by customer inventory destocking and changes in order fulfillment rhythm, indicating a phase of fluctuation [2] - The company has seen gradual improvement in operations with the sales ramp-up of products such as Phase7LEPlus modules, automotive products, and Wi-Fi modules, leading to revenue growth in Q3 2025 [2] Group 2 - In Q3 2025, the company's operating revenue reached 572.7552 million yuan, representing a year-on-year increase of 36.28% and a quarter-on-quarter increase of 19.80% [2]

Core Viewpoint - The company reported a decline in revenue and a significant net loss for the first half of 2025, primarily due to intensified competition in the RF front-end chip market, leading to price pressures and reduced profit margins [2][3]. Financial Performance - The company achieved operating revenue of 986.67 million yuan, a decrease of 7.93% compared to the same period last year [3]. - The net profit attributable to shareholders was -9.43 million yuan, a decline of 183.72% from a profit of 11.27 million yuan in the previous year [2][3]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -20.43 million yuan, an increase in loss of 879.54 thousand yuan compared to the previous year [2][3]. - The net cash flow from operating activities was 456.95 million yuan, a significant improvement from -207.72 million yuan in the previous year [3]. - As of the end of the reporting period, the net assets attributable to shareholders were 3.95 billion yuan, a decrease of 1.04% from the previous year [3]. Product Performance - The RF power amplifier module contributed 788.92 million yuan in revenue, with the 5G RF power amplifier module accounting for 38.79 million yuan, representing 49.17% of the RF power amplifier module revenue [4]. - The second-generation product Phase7LEPlus, based on first-generation production experience, has shown significant improvements in efficiency and power consumption, targeting flagship smartphone models for release in the fall of 2025 [4]. - The Phase8L module, focusing on the mid-to-high-end smartphone market, features an all-integrated design and supports Sub-3GHz full-band coverage, catering to the demand for high performance, small size, and low cost [4]. Market Development - The company's receiving end products achieved revenue of 194.92 million yuan, accounting for 19.81% of the main business income [5]. - The fourth-generation LNA Bank product matrix has been fully upgraded, providing NSA/SA dual-mode full-scene coverage capabilities [5]. - New products targeting the independent networking (SA) market have been successfully introduced to brand manufacturers and are in bulk sales [5].