中国国际金融股份有限公司 关于上海证券交易所 《关于希荻微电子集团股份有限公司发行股份及支付现 金购买资产并募集配套资金申请的审核问询函》回复 之专项核查意见 （修订稿） 独立财务顾问 签署日期：二〇二五年十一月 上海证券交易所： 中国国际金融股份有限公司（以下简称"独立财务顾问"或"中金公司"）接受希 荻微电子集团股份有限公司（以下简称"上市公司"、"公司"或"希荻微"）的委托， 担任希荻微本次发行股份及支付现金购买资产并募集配套资金（以下简称"本次交易"） 的独立财务顾问。希荻微于 2025 年 5 月 13 日收到贵所下发的《关于希荻微电子集团股 份有限公司发行股份及支付现金购买资产并募集配套资金申请的审核问询函》（上证科 审（并购重组）〔2025〕12 号）（以下简称"审核问询函"）。中金公司会同上市公司 及其他中介机构就审核问询函所提问题经过了认真分析讨论与核查，现就有关事项发表 核查意见。现提交贵所，请予审核。 除特别说明外，本审核问询函回复（以下简称"本回复"）所述的词语或简称与重 组报告书中"释义"所定义的词语或简称具有相同的含义。 在本回复中，若合计数与各分项数值相加之和在尾数上存在差异，均 ...

证券代码：688173 证券简称：希荻微 公告编号：2025-099 希荻微电子集团股份有限公司 关于发行股份及支付现金购买资产并募集配套资金 的审核问询函回复的修订说明公告 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、准确性和完整性依法承担法律责任。 希荻微电子集团股份有限公司（以下简称"公司"）拟通过发行股份及支付 现金方式购买深圳市诚芯微科技股份有限公司 100%股份并募集配套资金（以下简 称"本次交易"）。 公司于 2025 年 5 月 13 日收到上海证券交易所（以下简称"上交所"）出具 的《关于希荻微电子集团股份有限公司发行股份及支付现金购买资产并募集配套 资金申请的审核问询函》（上证科审（并购重组）〔2025〕12 号）（以下简称"《审 核问询函》"），并于 2025 年 7 月 29 日在上交所网站(www.sse.com.cn)披露了《希 荻微电子集团股份有限公司关于上海证券交易所〈关于希荻微电子集团股份有限 公司发行股份及支付现金购买资产并募集配套资金申请的审核问询函〉之回复（修 订稿）》及相关文件。 鉴于本次交易审计基准日更新至 ...

立信会计师事务所（特殊普通合伙） 《关于希荻微电子集团股份有限公司发行股份及支付现 金购买资产并募集配套资金申请的审核问询函》的回复 （修订稿） 信会师函字[2025]第 ZC108 号 上海证券交易所: 立信会计师事务所（特殊普通合伙）于 2025 年 5 月 13 日收到贵所上市审核中心下 发的《关于希荻微电子集团股份有限公司发行股份及支付现金购买资产并募集配套资金 申请的审核问询函》（上证科审〔2025〕12 号）（以下简称"审核问询函"）已悉知。 按照贵所问询函的要求，立信会计师事务所（特殊普通合伙）（以下简称"会计师"、 "申报会计师"）对希荻微电子集团股份有限公司（以下简称"公司"、"上市公司"或"希荻 微"）问询函所涉事项认真核査、落实和回复，现将相关回复说明如下。 如无特别说明，本回复使用的简称与《希荻微电子集团股份有限公司发行股份及支 付现金购买资产并募集配套资金报告书（草案）》中的释义相同。 除特别说明外，本审核问询函回复（以下简称"本回复"）所述的词语或简称与重组 报告书中"释义"所定义的词语或简称具有相同的含义。 在本回复中，若合计数与各分项数值相加之和在尾数上存在差异，均为四舍五入所 ...

Market Performance - The semiconductor sector increased by 1.32% on November 28, with Xidian Micro leading the gains [1] - The Shanghai Composite Index closed at 3888.6, up 0.34%, while the Shenzhen Component Index closed at 12984.08, up 0.85% [1] Top Gainers in Semiconductor Sector - Xidian Micro (688173) closed at 17.48, up 14.62%, with a trading volume of 492,500 shares and a transaction value of 840 million [1] - Jinghe Integrated (688249) closed at 31.80, up 10.42%, with a trading volume of 697,000 shares and a transaction value of 2.171 billion [1] - Huicheng Co. (688403) closed at 15.17, up 9.37%, with a trading volume of 611,400 shares and a transaction value of 916 million [1] Top Losers in Semiconductor Sector - Hengkun New Materials (688727) closed at 49.21, down 3.66%, with a trading volume of 129,100 shares and a transaction value of 644 million [2] - Mingwei Electronics (e88eaa) closed at 49.78, down 3.51%, with a trading volume of 81,600 shares and a transaction value of 409 million [2] - Dongxin Co. (688110) closed at 130.00, down 3.00%, with a trading volume of 471,700 shares and a transaction value of 6.062 billion [2] Capital Flow in Semiconductor Sector - The semiconductor sector saw a net inflow of 294 million from institutional investors, while retail investors contributed a net inflow of 725 million [2] - Speculative funds experienced a net outflow of 1.019 billion [2] Individual Stock Capital Flow - Demingli (001309) had a net inflow of 4.30 billion from institutional investors, while speculative funds saw a net outflow of 2.86 billion [3] - Jinghe Integrated (688249) had a net inflow of 1.98 billion from institutional investors, but a net outflow of 209 million from retail investors [3] - Jiangbolong (301308) recorded a net inflow of 160 million from institutional investors, with a net outflow of 187 million from speculative funds [3]

Core Viewpoint - The A-share market is experiencing a strong performance in robotics concept stocks, with several companies showing significant gains in their stock prices [1] Company Performance - Xidi has seen a rise of over 15% - Lixing shares increased by nearly 15% - Changying Precision rose by over 13% - Bukexin shares grew by nearly 12% - Haon Automotive Electric increased by over 10% - Several companies, including Galaxy Electronics, Jinzhi Technology, Youa Shares, Sichuan Jinding, GAC Group, and Yuhuan CNC, reached the 10% daily limit increase - Haichang New Materials rose by over 8% - Fenglong shares and Huazi Technology increased by over 7% - Bozhong Precision, Jingzhida, Xinmeixing, Meihu Shares, and Haozhi Electromechanical rose by over 6% - Jingsong Intelligent and Zhongrun Optics increased by over 5% - Jiangbolong rose by over 3% [1]

Core Viewpoint - The semiconductor industry chain is experiencing a strong rebound, particularly in the wafer foundry and equipment sectors, with significant stock price increases for several companies [1]. Group 1: Industry Performance - The semiconductor industry chain is showing a robust upward trend, with wafer foundry and equipment sectors leading the gains [1]. - Notable stock performances include Huidi Micro reaching a 20% limit up, while Weida Nami and Jinghe Integration both increased by over 10% [1]. - Other companies such as Jingyi Equipment, Maiwei Shares, Tuojing Technology, and Xinyuan Micro also saw stock price increases [1].

Core Viewpoint - The significant increase in the stock price of Xidiwei (688173.SH) is attributed to its announcement regarding the inclusion of its products in Google's supply chain, despite the company's ongoing financial losses since its IPO in 2022 [2][6][7]. Group 1: Stock Performance - On November 27, Xidiwei's stock opened high and closed with a gain of 10.91%, reaching a peak of 15.78 yuan per share during the day [2][4]. - This increase is notable as it is one of the few instances where the stock has risen over 10% since its IPO [5]. - Despite the recent surge, the stock remains approximately 70% lower than its peak price of 51.88 yuan on its first trading day [8]. Group 2: Financial Performance - Since its IPO, Xidiwei has reported continuous losses, totaling 4.36 billion yuan from 2022 to the first three quarters of 2025, with a loss of 0.76 billion yuan in the first three quarters of 2025 [2][12]. - The company has not distributed any cash dividends to shareholders since its listing, indicating a lack of returns for investors [3][9]. - In 2025, Xidiwei's revenue reached 7.17 billion yuan, a year-on-year increase of 107.81%, but it still reported a net loss of 0.76 billion yuan, although this represented a significant reduction in losses compared to the previous year [13][17]. Group 3: Business Operations and Strategy - Xidiwei is recognized as a leading supplier of power management and signal chain chips, with products integrated into the supply chains of major clients like Xiaomi, OPPO, and Audi [12][14]. - The company has been actively pursuing acquisitions to enhance its market position, including a 30.91% stake in Zinitix for approximately 1.12 billion yuan and a premium acquisition of 100% of Chengxin Micro [14][15]. - R&D investments have been increasing, with expenditures reaching 2.53 billion yuan in 2024, accounting for 46.34% of its revenue, reflecting the company's commitment to innovation [16][17].

股票代码：688173.SH 股票简称：希荻微 上市地点：上海证券交易所 希荻微电子集团股份有限公司 发行股份及支付现金购买资产 并募集配套资金报告书（草案）摘要 （修订稿） | 交易类型 | 交易对方 | | --- | --- | | 发行股份及支付现金购买资产 | 曹建林、曹松林、深圳市链智创芯管理咨询合伙企 业（有限合伙）、深圳市汇智创芯管理咨询合伙企 | | | 业（有限合伙） | | 募集配套资金 | 不超过35名符合条件的特定投资者 | 独立财务顾问 二〇二五年十一月 希荻微发行股份及支付现金购买资产并募集配套资金报告书（草案）（摘要）（修订稿） 上市公司声明 本公司及本公司全体董事及高级管理人员保证重组报告书及本报告书摘要内容的 真实、准确、完整，对重组报告书及本报告书摘要的虚假记载、误导性陈述或重大遗 漏负相应的法律责任。 本公司实际控制人及其一致行动人、董事、高级管理人员承诺，如本次交易因涉 嫌所提供或者披露的信息存在虚假记载、误导性陈述或者重大遗漏而被司法机关立案 侦查或者被中国证券监督管理委员会立案调查的，在案件调查结论明确之前，将暂停 转让所持有的上市公司股份（如有），并于收到立案稽 ...

Core Viewpoint - The company has begun shipping high-performance power management chips to ODM manufacturers for use in Quark AI glasses, although the sales volume and revenue contribution remain relatively small [2] Group 1 - The company has successfully delivered high-performance power management chips to ODM manufacturers [2] - The chips are intended for application in Quark AI glasses [2] - The current sales volume and revenue from these products represent a minor portion of the company's total revenue [2]