Group 1 - Yandong Microelectronics' stock increased by 5.16% to 25.46 CNY per share, with a trading volume of 135 million CNY and a turnover rate of 0.93%, resulting in a total market capitalization of 36.347 billion CNY [1] - The company, established on October 6, 1987, is located in Beijing Economic and Technological Development Zone and was listed on December 16, 2022. Its main business includes the design, production, and sales of discrete devices, analog integrated circuits, special integrated circuits, and semiconductor wafer manufacturing and packaging testing services [1] - The revenue composition of Yandong Microelectronics is as follows: products and solutions account for 47.18%, manufacturing and services for 43.91%, other for 5.79%, and additional (supplementary) for 3.13% [1] Group 2 - Among the top ten circulating shareholders of Yandong Microelectronics, a fund under Harvest Fund ranks first. The Harvest SSE STAR Chip ETF (588200) increased its holdings by 779,600 shares in the third quarter, bringing its total to 6.4795 million shares, which represents 1.11% of the circulating shares [2] - The Harvest SSE STAR Chip ETF (588200) was established on September 30, 2022, with a latest scale of 40.404 billion CNY. Year-to-date returns are 57.21%, ranking 281 out of 4216 in its category; the one-year return is 49.85%, ranking 216 out of 3951; and since inception, the return is 130.77% [2] Group 3 - The fund manager of the Harvest SSE STAR Chip ETF (588200) is Tian Guangyuan, who has been in the position for 4 years and 251 days. The total asset size of the fund is 75.812 billion CNY, with the best fund return during his tenure being 131.75% and the worst being -46.65% [3]

Group 1 - The core point of the article highlights the performance and market position of Beijing Yandong Microelectronics Co., Ltd., which saw a stock increase of 5.02% to 24.50 CNY per share, with a total market capitalization of 34.977 billion CNY [1] - The company, established in October 1987 and listed in December 2022, specializes in the design, production, and sales of discrete devices, analog integrated circuits, and special integrated circuits, along with semiconductor wafer manufacturing and packaging testing services [1] - The revenue composition of the company includes 47.18% from products and solutions, 43.91% from manufacturing and services, and 5.79% from other sources [1] Group 2 - In terms of fund holdings, Invesco Great Wall Fund has a significant position in Yandong Micro, with its Invesco Great Wall CSI 500 Enhanced Strategy ETF holding 185,400 shares, representing 1.45% of the fund's net value, making it the fourth-largest holding [2] - The fund has achieved a year-to-date return of 29.92%, ranking 1674 out of 4216 in its category, and a one-year return of 23.26%, ranking 1715 out of 3909 [2] Group 3 - The fund managers of Invesco Great Wall CSI 500 Enhanced Strategy ETF are Zhang Xiaonan and Guo Lin, with Zhang having a tenure of 10 years and 75 days, managing assets totaling 36.191 billion CNY, and achieving a best return of 140.67% during his tenure [3] - Guo Lin has a tenure of 3 years and 119 days, managing assets of 5.53 billion CNY, with a best return of 48.58% during his tenure [3]

Core Viewpoint - Yandong Microelectronics has experienced a decline in stock price recently, with a year-to-date increase of 16.16% but a significant drop of 14.22% in the last five trading days [2][3]. Group 1: Stock Performance - As of November 5, Yandong Microelectronics' stock price is 23.29 CNY per share, with a market capitalization of 33.249 billion CNY [1]. - The stock has seen a net outflow of 2.953 million CNY in principal funds, with large orders accounting for 15.40% of total buying and 21.30% of total selling [1]. - Year-to-date, the stock has been on the leaderboard once, with a net buy of -62.5807 million CNY on October 9 [2]. Group 2: Financial Performance - For the period from January to September 2025, Yandong Microelectronics reported revenue of 1.167 billion CNY, representing a year-on-year growth of 18.03% [3]. - The company recorded a net profit attributable to shareholders of -13.4004 million CNY, showing a year-on-year increase of 89.02% [3]. Group 3: Shareholder Information - As of September 30, 2025, the number of shareholders has increased by 24.34% to 21,200 [3]. - The average circulating shares per person decreased by 19.58% to 27,621 shares [3]. - The company has distributed a total of 47.9642 million CNY in dividends since its A-share listing [4]. Group 4: Institutional Holdings - As of September 30, 2025, Yandong Microelectronics' seventh largest circulating shareholder is Yongying Semiconductor Industry Smart Selection Mixed Fund, holding 13 million shares [4]. - The ninth largest circulating shareholder is the Harvest SSE STAR Chip ETF, which increased its holdings by 779,600 shares to 6.4795 million shares [4].

Group 1 - Yandong Microelectronics' stock price has declined for three consecutive days, with a total drop of 10.9% during this period, currently trading at 24.19 CNY per share and a market capitalization of 34.534 billion CNY [1] - The company, established on October 6, 1987, specializes in the design, production, and sales of discrete devices, analog integrated circuits, special integrated circuits, and semiconductor wafer manufacturing and packaging testing services [1] - The revenue composition of Yandong Microelectronics includes 47.18% from products and solutions, 43.91% from manufacturing and services, and 5.79% from other sources [1] Group 2 - Fuyong Fund's "Fuyong Research Optimal Mixed A" (015657) holds 58,700 shares of Yandong Microelectronics, accounting for 1.81% of the fund's net value, making it the fifth-largest holding [2] - The fund has experienced a floating loss of approximately 19,900 CNY today and a total floating loss of 173,600 CNY over the three-day decline [2] - Since its establishment on September 19, 2023, the fund has achieved a return of 48.64% this year, ranking 1145 out of 8223 in its category [2]

Core Insights - The latest investment direction of the "National Big Fund" has emerged, with 30 A-share listed companies having the fund as a significant shareholder [1] Group 1: Investment Holdings - The "National Big Fund" has significant holdings in companies such as Northern Huachuang, Hushi Silicon Industry, and Tuojing Technology, among others [1] - The fund's investments are primarily in the semiconductor and integrated circuit sectors, reflecting a strategic focus on these industries [1] Group 2: Company Performance - Northern Huachuang reported a Q3 revenue of 11.16 billion yuan, a year-on-year increase of 38.31%, with a net profit of 1.92 billion yuan, up 14.60% [3] - Hushi Silicon Industry achieved a Q3 revenue of 944 million yuan, a 3.79% increase, but reported a net loss of 265 million yuan [4] - Tuojing Technology saw a significant Q3 revenue increase of 124.15% to 2.27 billion yuan, with a net profit of 462 million yuan, up 225.07% [5]

Core Insights - Yandong Microelectronics reported a revenue increase of 18.03% year-on-year for the first three quarters of 2025, reaching 1.167 billion yuan, but continued to incur losses [1] - The net profit attributable to shareholders was a loss of 13.4004 million yuan, and the non-recurring net profit loss was 549 million yuan, significantly worsening from a loss of 193 million yuan in the same period last year [1] - The company's performance has been declining since its listing in 2022, with increasing losses [1] Financial Performance - For Q3 2025, Yandong Microelectronics achieved a revenue of 508 million yuan, a year-on-year increase of 36.59% [1] - The net profit attributable to shareholders for Q3 was a loss of 141 million yuan, compared to a loss of 107 million yuan in the same period last year, indicating an expansion of losses [1] - The operating cash flow for the first three quarters of 2025 decreased significantly by 144.43% to -156 million yuan [2] Historical Performance - From 2021 to 2024, the non-recurring net profit attributable to shareholders was 385 million yuan, 365 million yuan, 292 million yuan, and -288 million yuan respectively, showing a downward trend [1]

Core Points - The company guarantees the authenticity, accuracy, and completeness of the quarterly report, and assumes legal responsibility for any false records or misleading statements [2][8][14] - The company plans to hold a performance briefing for the third quarter of 2025 on November 26, 2025, to discuss its operational results, financial status, and development philosophy [9][10][11] Financial Data - The company reported a provision for asset impairment amounting to 167.35 million yuan for the first three quarters of 2025, which includes credit impairment losses of 17.52 million yuan and inventory write-downs of 149.82 million yuan [15][16][17] - The impairment provisions will reduce the total consolidated profit for the first three quarters of 2025 by 167.35 million yuan [17][18] Shareholder Information - The company has not reported any changes in the number of shareholders or significant shareholders due to the transfer of shares for margin trading [4] Meeting Details - The performance briefing will be conducted online, allowing investors to submit questions in advance from November 19 to November 25, 2025 [9][12]

Core Viewpoint - Yan Dong Microelectronics (688172.SH) reported a significant increase in revenue for Q3 2025, but also posted a net loss for the period [1] Financial Performance - The company's operating revenue reached 508 million yuan, representing a year-on-year increase of 36.59% [1] - The net profit attributable to shareholders of the listed company was -141 million yuan [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -159 million yuan [1]

Group 1 - The core viewpoint of the article highlights that Beijing Yandong Microelectronics Co., Ltd. reported a revenue of 1.167 billion yuan for the first three quarters of 2025, representing a year-on-year growth of 18.03%, while the net profit attributable to shareholders was a loss of 13.4 million yuan [1] - In the third quarter alone, the company achieved a revenue of 507 million yuan, which is a year-on-year increase of 36.59%, with a net profit loss of 141 million yuan [1] - Research and development investment for the first three quarters increased by 161.85% year-on-year, while the third quarter saw a year-on-year increase of 105.54% [1] Group 2 - The company's main business includes two segments: products and solutions, and manufacturing and services. The products and solutions segment focuses on discrete devices and analog integrated circuits, adopting an IDM model that integrates chip design, wafer manufacturing, and packaging testing [1] - The manufacturing and services segment specializes in semiconductor foundry and packaging testing services, utilizing 6-inch, 8-inch, and 12-inch wafer production lines to provide professional outsourcing services for semiconductor companies [1] - The 8-inch and 6-inch wafer production lines have multiple process platforms capable of mass production, and some process platforms of the 12-inch production line have also achieved mass production [1]

第二条 本办法所称募集资金，是指公司通过公开发行证券（包括首次公开发行 股票、配股、增发、发行可转换公司债券、分离交易的可转换公司债券、权证等） 以及非公开发行证券向投资者募集并用于特定用途的资金，但不包括公司为实施股 权激励计划募集的资金监管。 募集资金管理办法 第一章 总 则 第一条 为了规范北京燕东微电子股份有限公司（以下简称"燕东股份"）的募 集资金的使用与管理，根据《中华人民共和国公司法》（以下简称"《公司法》"）、 《中华人民共和国证券法》（以下简称"《证券法》"）、《科创板上市公司持续 监管办法（试行）》、《上海证券交易所科创板上市公司自律监管指引第 1 号—规 范运作》、《上海证券交易所科创板股票上市规则》、《上市公司募集资金监管规 则》等规范性文件及《北京燕东微电子股份有限公司章程》（以下简称"《公司章 程》"）等有关规定，制定本办法。 第三条 本办法适用于北京燕东微电子股份有限公司（以下简称"燕东股份"） 及投资的全资公司、控股公司及实际控制公司（以下简称"所属公司"，燕东股份 及所属公司合并简称"燕东微"或"公司"）。 第四条 燕东股份董事会应当负责建立健全公司募集资金管理制度，并确保该 ...