| 证券代码：603501 | 证券简称：豪威集团 | 公告编号：2025-115 | | --- | --- | --- | | 转债代码：113616 | 转债简称：韦尔转债 | | 豪威集成电路（集团）股份有限公司 关于参与投资私募股权投资基金的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 豪威集成电路（集团）股份有限公司（以下简称"公司"）全资企业绍兴 韦豪企业管理咨询合伙企业（有限合伙）（以下简称"绍兴韦豪"）拟作为有限合 伙人以现金方式出资人民币 20,000 万元认购上海元禾璞华私募基金合伙企业（有 限合伙）（以下简称"基金"或"合伙企业"）的基金份额。 一、合作情况概述 （一）合作的基本概况 本次交易不构成关联交易 本次交易未构成重大资产重组 本次交易已经公司总经理办公会批准通过，无需提请公司董事会及股东 会批准，未达到股东会的审议标准。 特别风险提示： （一）由于基金具有投资周期长、流动性较低等特点，在投资过程中将受宏 观经济、行业周期、投资标的公司经营管理等多种因素影响，可能存在因决 ...

| 证券代码：603501 | 证券简称：豪威集团 | 公告编号：2025-114 | | --- | --- | --- | | 转债代码：113616 | 转债简称：韦尔转债 | | 豪威集成电路（集团）股份有限公司 公司于 2025 年 11 月 27 日接到控股股东虞仁荣先生的通知，虞仁荣先生质 押给山东省国际信托股份有限公司的股权已办理完成了解除质押手续，具体事项 如下： | 股东名称 | 虞仁荣 | | | --- | --- | --- | | 本次解质股份（股） | 8,500,000 | | | 占其所持股份比例 | 2.55% | | | 占公司总股本比例 | 0.70% | | | 解质时间 | 2025 年 11 月 26 | 日 | | 持股数量（股） | 333,472,250 | | | 持股比例 | 27.64% | | | 剩余被质押股份数量（股） | 171,790,000 | | --- | --- | | 剩余被质押股份数量占其所持股份比例 | 51.52% | | 剩余被质押股份数量占公司总股本比例 | 14.24% | 虞仁荣先生本次解除质押的股份目前尚无用于后续质 ...

Core Viewpoint - The company, Haowei Group, announced an investment of 200 million yuan in a private equity fund, indicating a strategic move to diversify its investment portfolio while highlighting the lack of control over the fund's investment decisions [1] Investment Details - Haowei Group's wholly-owned subsidiary, Shaoxing Wehao, will invest 200 million yuan in Shanghai Yuanhe Puhua Private Equity Fund as a limited partner [1] - The investment represents an 18.39% share of the total commitment to the fund, which suggests a significant but not controlling stake [1] Approval and Compliance - The investment has been approved by the general manager's office and does not require further approval from the board of directors or shareholders, indicating a streamlined decision-making process [1] - The transaction does not constitute a related party transaction or a major asset restructuring, which may simplify regulatory scrutiny [1] Risks Associated - The investment is characterized by a long investment cycle and low liquidity, which are inherent risks in private equity investments [1] - The company will not have decision-making power or control over the fund's investment progress, which could pose additional risks regarding the management of the investment [1]

格隆汇11月27日丨豪威集团(603501.SH)公布，为了把握产业投资机会，加快公司发展战略的实施，拓 展投资渠道，提升公司综合竞争能力，公司全资企业绍兴韦豪拟与上海国投先导集成电路私募投资基金 合伙企业(有限合伙)、苏州元禾控股股份有限公司、上海张江浩成创业投资有限公司、宁波前湾新区甬 投海洋产业投资合伙企业(有限合伙)参与投资苏州优纳创企业管理合伙企业(有限合伙)(以下简称"苏州 优纳创")发起设立的私募股权投资基金，基金名称为上海元禾璞华私募基金合伙企业(有限合伙)，基金 募集规模为人民币108,750万元，执行事务合伙人为苏州优纳创，基金管理人为元禾璞华同芯(苏州)投资 管理有限公司(以下简称"元禾璞华同芯")。绍兴韦豪作为有限合伙人投资人民币20,000万元认购该基金 的基金份额。 本次投资设立的基金主要聚焦投资于集成电路设计、制造和封测、装备材料和零部件等集成电路相关领 域的未上市企业。在保证公司主营业务稳健发展的前提下，本次投资将有助于公司了解产业投资及其发 展方向，把握产业投资机会，加快公司发展战略的实施，布局与公司主营业务具有协同性且符合公司发 展战略的项目。 ...

人民财讯11月27日电，豪威集团（603501）11月27日公告，全资企业绍兴韦豪企业管理咨询合伙企业 (有限合伙)(简称"绍兴韦豪")拟作为有限合伙人以现金方式出资2亿元认购上海元禾璞华私募基金合伙企 业(有限合伙)的基金份额。绍兴韦豪对该基金的认缴出资总额占比为18.39%，公司对该基金的决策无决 定权和控制权，对该基金无重大影响。 ...

Core Viewpoint - The stock price of Haowei Group has shown fluctuations, with a current price of 119.30 CNY per share, reflecting a year-to-date increase of 14.94% and a recent decline over the past 20 and 60 days [1] Company Overview - Haowei Group, established on May 15, 2007, and listed on May 4, 2017, is located in Shanghai and specializes in semiconductor products, including discrete devices and power management ICs [1] - The company's revenue composition includes 82.92% from semiconductor design sales, 16.58% from semiconductor agency sales, and minor contributions from other services [1] Financial Performance - For the period from January to September 2025, Haowei Group reported a revenue of 21.783 billion CNY, marking a year-on-year growth of 15.20%, and a net profit attributable to shareholders of 3.210 billion CNY, reflecting a 35.15% increase [2] - Cumulative cash dividends since the A-share listing amount to 2.146 billion CNY, with 1.253 billion CNY distributed over the last three years [3] Shareholder Information - As of September 30, 2025, the number of shareholders increased to 170,500, with an average of 7,074 circulating shares per person, a decrease of 16.23% [2] - Major shareholders include Hong Kong Central Clearing Limited, which holds 142 million shares, and various ETFs, with some experiencing changes in their holdings [3]

Core Insights - The global automotive CMOS image sensor (CIS) market is projected to grow from $1.377 billion in 2020 to $2.499 billion in 2024, with a compound annual growth rate (CAGR) of 16.1% [7] - The Chinese automotive CIS market is expected to reach approximately 7.83 billion yuan in 2024, reflecting a year-on-year growth of 19.7% [7] - The automotive CIS industry is characterized by high technical barriers and market concentration, with the top three companies holding over 80% of the global market share in 2024 [7] Automotive CIS Industry Overview - CMOS image sensors (CIS) are semiconductor devices that convert optical images into digital signals, widely used in consumer electronics, security monitoring, and intelligent driving [2][4] - In automotive applications, CIS is a core component of camera modules, crucial for light perception and image quality [2][4] - The cost structure of automotive camera modules shows that CIS, packaging, and optical lenses account for nearly 75% of total costs, with CIS alone representing 40% [6][7] Market Dynamics - The demand for automotive cameras is increasing exponentially due to the trend of automotive intelligence, with CIS benefiting directly from this growth [7] - The number of cameras per vehicle is rising, alongside demands for higher resolution and enhanced low-light performance, which increases the average value of individual camera modules [7] Competitive Landscape - The automotive CIS market is dominated by a few key players, with OmniVision leading at a 32.9% market share, followed by ON Semiconductor and Sony [7] - Chinese companies like SmartSens and Geke Micro are also gaining market share, reflecting the increasing competitiveness of domestic firms [7] Future Trends - The automotive CIS industry is expected to continue benefiting from the trend of automotive intelligence, with leading companies likely to strengthen their positions through technological advancements and brand advantages [8] - Future developments in automotive CIS will focus on higher resolutions (over 8 million pixels), functional safety (ASIL-B/D), and multi-spectral integration (visible light + infrared) to meet diverse needs [8]

Group 1 - The core viewpoint of the articles highlights the target price increases for several listed companies, particularly in the semiconductor and consumer electronics sectors, as recommended by various brokerages on November 25 [1][2]. Group 2 - The companies with the highest target price increases include: - **豪威集团 (OmniVision Technologies)**: Target price increased by 35.83% to 159.00 CNY, rated "Buy" by Huaxing Securities [2]. - **北方华创 (North Huachuang)**: Target price increased by 25.12% to 523.00 CNY, rated "Buy" by CITIC Securities [2]. - **立讯精密 (Luxshare Precision)**: Target price increased by 22.17% to 68.05 CNY, rated "Buy" by Huaxing Securities [2]. Group 3 - On November 25, a total of 14 listed companies received brokerage recommendations, with companies like 梅花生物 (Meihua Biological), 维力医疗 (Weili Medical), and 东航物流 (China Eastern Logistics) receiving one recommendation each [2]. Group 4 - In terms of initial coverage, three companies received new ratings on November 25: - **维力医疗 (Weili Medical)**: Rated "Buy" by CITIC Jian Investment [3]. - **东航物流 (China Eastern Logistics)**: Rated "Buy" by Zhongtai Securities [3]. - **爱博医疗 (Aibo Medical)**: Rated "Recommended" by Ping An Securities [3].

Core Insights - The consumer electronics sector is showing mixed performance, with Longying Precision leading gains at 3.24% and Industrial Fulian experiencing the largest decline [1] - iPhone sales in China accounted for 25% of smartphone sales in October 2025, driven by strong performance of the iPhone 17 series, which saw a year-on-year growth of 37% [1] - China Galaxy Securities suggests that the consumer electronics sector has become more cost-effective after adjustments, recommending low-position investments in Apple supply chain-related stocks and monitoring new investment opportunities in AI glasses and other emerging consumer electronics [1] Index and ETF Information - As of October 31, 2025, the top ten weighted stocks in the CSI Consumer Electronics Theme Index account for 56.3% of the index, including Luxshare Precision, Cambricon Technologies, and Industrial Fulian [2] - The Consumer Electronics ETF closely tracks the CSI Consumer Electronics Theme Index, which includes 50 listed companies involved in component production and consumer electronics design and manufacturing [1][2]

Group 1 - The report highlights the ongoing transformation in the artificial intelligence (AI) industry, with significant advancements in AI models and increasing capital expenditures from cloud service providers, driving demand for AI computing hardware infrastructure [8][20][39] - The semiconductor industry is expected to continue its upward trend, with AI driving a potential super cycle in the memory sector, as domestic manufacturers enhance their competitive advantages in technology and supply chains [11][18][19] - The electronic industry has significantly outperformed the CSI 300 index, with a year-to-date increase of 38.35% compared to the CSI 300's 16.85% [18][19] Group 2 - Major cloud companies are increasing their capital expenditures, with North American cloud providers collectively spending $96.4 billion in Q3 2025, a 67% year-on-year increase, to support AI infrastructure [39][40] - The report emphasizes the rapid growth of AI server demand, with the global AI server market projected to reach $158.7 billion in 2025, reflecting a compound annual growth rate of 15.5% from 2024 to 2028 [51][53] - The report identifies key investment opportunities in sectors such as AI computing chips, AI PCBs, and memory modules, recommending specific companies for investment based on their market positions and growth potential [11][12][52]