Group 1 - The core viewpoint of the article is that Lianmicro is making progress with its 6-inch silicon carbide-based gallium nitride products and expects to secure orders in the fourth quarter of this year [2] Group 2 - Lianmicro responded to investor inquiries on November 20, indicating ongoing development of its products [2] - The company is focused on advancing its technology in the semiconductor sector, particularly in silicon carbide and gallium nitride applications [2]

Core Viewpoint - The company is currently constructing a project for an annual production capacity of 1.8 million pieces of 12-inch semiconductor silicon epitaxial wafers, which is expected to enhance its competitiveness by forming a complete industrial chain from single crystal to epitaxy [1] Group 1 - The 2022 convertible bond project is focused on the annual production of 1.8 million pieces of 12-inch semiconductor silicon epitaxial wafers [1] - The project is aligned with another project disclosed on November 18, 2025, which aims for an annual production of 1.8 million pieces of heavily doped substrate wafers [1] - Both projects will create upstream and downstream synergies, improving the company's production capacity for heavily doped silicon wafers and optimizing its product structure [1]

Core Insights - Lian Micro (605358) has announced that its Lian Dongxin VCSEL chips are being utilized in various fields such as smart driving, robotics, and optical communication, and have achieved large-scale shipments [1] Company Summary - Lian Micro's VCSEL chips are now deployed in smart driving, robotics, and optical communication sectors [1] - The company has successfully achieved large-scale shipments of its VCSEL chips [1]

Core Insights - The company, Lian Micro, has reported a continuous increase in silicon wafer shipments, reaching new highs due to the recovery in downstream demand [1] Company Summary - Lian Micro has benefited from improved downstream demand, leading to record-high silicon wafer shipments [1]

Core Viewpoint - The company is currently constructing a project for the annual production of 1.8 million pieces of 12-inch semiconductor silicon epitaxial wafers, which is part of its convertible bond project for 2022. This project is expected to complement another project disclosed on November 18, 2025, for the annual production of 1.8 million pieces of heavily doped substrate wafers, forming a complete industrial chain from single crystal to epitaxy, thereby enhancing the company's production capacity and overall competitiveness [1] Group 1 - The company is building a project for the annual production of 1.8 million pieces of 12-inch silicon epitaxial wafers [1] - The two projects will create a complete industrial chain from single crystal to epitaxy [1] - The projects aim to improve the company's production capacity of heavily doped silicon wafers and optimize product structure [1]

Core Viewpoint - Lian Micro (605358.SH) has successfully achieved large-scale shipments of its VCSEL chips, which are utilized in smart driving, robotics, and optical communication sectors [1] Company Summary - Lian Micro's VCSEL chips are being deployed in various advanced technology applications, indicating a strong market presence and demand [1]

Group 1 - The core viewpoint of the article is that Lian Micro (605358.SH) has successfully achieved large-scale shipments of its VCSEL chips, which are utilized in smart driving, robotics, and optical communication sectors [1] Group 2 - Lian Micro's VCSEL chips have been applied in various advanced technology fields, indicating the company's strong position in the market [1] - The company has engaged with investors through an interactive platform, showcasing transparency and communication [1]

格隆汇11月20日丨立昂微(605358.SH)在投资者互动平台表示，立昂东芯6英寸碳化硅基氮化镓产品正在 持续推进中，预计今年四季度将取得订单。 ...

格隆汇11月20日丨立昂微(605358.SH)在投资者互动平台表示，立昂东芯6英寸碳化硅基氮化镓产品正在 持续推进中，预计今年四季度将取得订单。 ...

Core Viewpoint - The stock of Lian Microelectronics has experienced fluctuations, with a year-to-date increase of 25.88% but a recent decline of 11.09% over the past five trading days [2]. Group 1: Stock Performance - As of November 20, Lian Microelectronics' stock price is 31.18 CNY per share, with a market capitalization of 20.933 billion CNY [1]. - The stock has seen a trading volume of 3.31 billion CNY and a turnover rate of 1.56% [1]. - Year-to-date, the stock has risen by 25.88%, with a recent five-day decline of 11.09% [2]. Group 2: Financial Performance - For the period from January to September 2025, Lian Microelectronics reported a revenue of 2.640 billion CNY, reflecting a year-on-year growth of 15.94% [2]. - The net profit attributable to shareholders was -108 million CNY, a significant decrease of 98.67% year-on-year [2]. Group 3: Shareholder Information - As of September 30, 2025, the number of shareholders increased by 39.37% to 105,000, while the average circulating shares per person decreased by 28.25% to 6,394 shares [2]. - The company has distributed a total of 637 million CNY in dividends since its A-share listing, with 342 million CNY distributed over the past three years [3]. Group 4: Institutional Holdings - As of September 30, 2025, the top ten circulating shareholders include the Southern CSI 500 ETF, holding 7.8084 million shares, a decrease of 137,700 shares from the previous period [3]. - The Guotai CSI Semiconductor Materials and Equipment Theme ETF is a new entrant among the top ten shareholders, holding 5.6803 million shares [3].