Core Viewpoint - The company Chuangyao Technology (688259.SH) announced a share reduction plan by its director and core technical personnel, Wang Wanli, due to personal financial needs, which involves selling up to 1,925 shares, representing a maximum of 0.0017% of the total share capital [1][2]. Summary by Relevant Sections Share Reduction Plan - Wang Wanli holds 7,700 shares, accounting for 0.0069% of the total share capital, and plans to reduce his holdings by up to 1,925 shares within three months starting from 15 trading days after the announcement [1][2]. - The reduction will be executed through centralized bidding transactions [2]. Company Background - Chuangyao Technology was listed on the Shanghai Stock Exchange's Sci-Tech Innovation Board on January 12, 2022, with an initial offering price of 66.60 yuan per share and a total of 20 million shares issued, representing 25% of the post-issue share capital [2]. - The stock is currently trading below its initial offering price [2]. Fundraising and Financials - The company raised a total of 1.332 billion yuan from its initial public offering, with a net amount of 1.22 billion yuan after deducting issuance costs, which was 885 million yuan more than originally planned [3]. - The funds are allocated for the development of power IoT chips, SV transmission chips, and the establishment of a research and development center [3]. Dividend Distribution - For the year 2023, the company announced a profit distribution plan, distributing a cash dividend of 0.26 yuan per share (including tax), totaling 20.605 million yuan, and a stock dividend of 0.4 shares per share, increasing the total share capital to 111.7 million shares [4][5].

Group 1 - The core point of the news is that on October 28, Haomai Technology disclosed an increase in shareholding, while six A-share listed companies announced share reductions [1][3] Group 2 - Haomai Technology's controlling shareholder, Zhang Gongyun, increased his shareholding by 330,000 shares [3] - Chuangyao Technology's director, Wang Wanli, plans to reduce his holdings by no more than 0.0017% [3] - Xinzhi Group's largest shareholder intends to reduce his holdings by no more than 3% [3] - Shuangjie Electric's shareholder, Yuan Xue'en, plans to reduce his holdings by no more than 3.11% [3] - Lankai Technology's shareholder, China Electric Power Investment Corporation, and its concerted parties have reduced their combined shareholding to below 5% [3] - Jiaze New Energy's shareholder, Ningxia Bitai, plans to reduce his holdings by no more than 3% [3] - Jingda Co., Ltd.'s shareholders, Li Guangrong and Tehua Investment, plan to reduce their combined holdings by no more than 3% [3]

Group 1 - The core point of the article highlights the stock trading activities of several companies, specifically focusing on the increase in holdings by Haomai Technology and the reduction in holdings by six other A-share listed companies [1][2] Group 2 - Haomai Technology's controlling shareholder, Zhang Gongyun, increased his stake by 330,000 shares [2] - Chuangyao Technology's director Wang Wanli plans to reduce his holdings by no more than 0.0017% [2] - The largest shareholder of Xinzhi Group intends to reduce his stake by no more than 3% [2] - Shareholder Yi Xue'en of Shuangjie Electric plans to reduce his holdings by up to 3.11% [2] - Shareholder China Electric Power Investment and its concerted parties have reduced their combined shareholding to below 5% in Lankai Technology [2] - Shareholder Ningxia Bitai of Jiazhe New Energy intends to reduce his stake by no more than 3% [2] - Shareholders Li Guangrong and Tehua Investment of Jingda Co. plan to reduce their combined holdings by no more than 3% [2]

证券代码：688259 证券简称：创耀科技 公告编号：2025-029 创耀（苏州）通信科技股份有限公司 董事、副总经理、核心技术人员减持股份计划公告 本公司董事会、全体董事及相关股东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。 重要内容提示： 董监高持有的基本情况 截至本公告披露日，创耀（苏州）通信科技股份有限公司（以下简称"公司"） 董事、副总经理、核心技术人员王万里先生直接持有公司股份 7,700 股，占公司 总股本的比例为 0.0069%，上述股份来源为集中竞价交易买入及公司利润分配资 本公积转增股本取得,均为无限售条件流通股。 减持计划的主要内容 近日，公司收到董事、副总经理、核心技术人员王万里先生发来的《关于股 份减持计划的告知函》，因个人资金需求，王万里先生计划自本公告披露之日起 15 个交易日后的 3 个月内，通过集中竞价交易方式减持不超过 1,925 股，占公 司总股本比例不超过 0.0017%，且不超过其减持前所持有公司股份总数的 25%。 | 股东名称 | 王万里 | | | | --- | --- | --- | - ...

Group 1 - The company Chuangyao Technology (SH 688259) announced that as of the disclosure date, its director and core technical personnel, Mr. Wang Wanli, holds 7,700 shares, accounting for 0.0069% of the total share capital [1] - Mr. Wang plans to reduce his holdings by up to 1,925 shares, which represents no more than 0.0017% of the total share capital, within three months starting from 15 trading days after the announcement due to personal financial needs [1] - The company's revenue composition for the year 2024 is expected to be 100% from software and integrated circuits [1] Group 2 - The market capitalization of Chuangyao Technology is currently 5.1 billion yuan [2] - The A-share market has recently surpassed 4,000 points, indicating a significant market resurgence and a new "slow bull" market pattern [2]

Core Viewpoint - Wang Wanli, the director, deputy general manager, and core technical personnel of Chuangyao Technology, plans to reduce his shareholding due to personal financial needs, indicating potential liquidity issues or personal financial management strategies [1] Summary by Relevant Sections - **Shareholding Details** - Wang Wanli holds 7,700 shares of the company, accounting for 0.0069% of the total share capital [1] - The planned reduction involves selling up to 1,925 shares, which represents 0.0017% of the total share capital and no more than 25% of his total holdings [1] - **Timeline for Reduction** - The share reduction is scheduled to occur between November 20, 2025, and February 19, 2026, starting 15 trading days after the announcement [1]

Core Insights - Chuangyao Technology's stock rose by 7.09% on October 27, with a trading volume of 371 million yuan [1] - The company reported a net financing outflow of 2.11 million yuan on the same day, with a total financing balance of 251 million yuan, representing 5.07% of its market capitalization [1] - As of September 30, the number of shareholders increased by 18.56% to 9,346, while the average circulating shares per person decreased by 15.65% to 11,951 shares [2] Financial Performance - For the period from January to September 2025, Chuangyao Technology achieved operating revenue of 290 million yuan, a year-on-year decrease of 32.10% [2] - The net profit attributable to the parent company was 68.73 million yuan, reflecting a year-on-year increase of 46.58% [2] Dividend Information - Since its A-share listing, Chuangyao Technology has distributed a total of 94.24 million yuan in dividends, with 70.24 million yuan distributed over the past three years [3]

Financial Performance - In Q3 2025, the company's operating revenue was 107.17 million yuan, a decrease of 24.85% year-on-year, while net profit reached 36.82 million yuan, an increase of 208.96% [6] - For the first three quarters, total operating revenue was 290.38 million yuan, down 32.1% year-on-year, with net profit at 68.73 million yuan, up 46.58% [6] - Basic earnings per share were 0.62 yuan, reflecting a significant improvement in profitability despite declining revenues [6] Research and Development - The total R&D investment for the reporting period was 28.90 million yuan, accounting for 26.96% of operating revenue, indicating a strong commitment to maintaining competitive advantage through technology [7] - The company has been focusing on optimizing its core product structure and increasing orders from new clients, which has contributed to improved gross margins [6][7] Financial Health - As of the end of the reporting period, the company's cash and cash equivalents amounted to 85.30 million yuan, a 23.23% increase year-on-year [7] - Accounts receivable decreased by 25.17% year-on-year to 131 million yuan, while interest-bearing liabilities were significantly reduced by 79.32% to 38.59 million yuan, indicating improved debt management [7] - The company reported a positive operating cash flow per share of 0.45 yuan, a 131.74% increase year-on-year, showing significant improvement in cash collection from operations [7] Shareholder Information - The total number of ordinary shareholders was 9,346, with Chongqing Chuangruiying Enterprise Management Co., Ltd. holding the largest stake at 27.71% [8] Market Position and Product Development - The company specializes in the research and development of broadband communication chips and solutions, including optical communication chips and home broadband chips [8] - It is actively expanding into next-generation communication technologies and low-power chip products, targeting emerging markets such as AIoT and automotive communication [8] - The company has established partnerships with manufacturers of embodied robots and is supplying chips to various domestic and international clients [8]

Core Viewpoint - Chuangyao Technology (688259.SH) reported its Q3 2025 results, highlighting a significant presence of institutional investors holding 51.87% of its total shares, although this represents a decline of 4.18 percentage points from the previous quarter [1] Institutional Holdings - As of October 24, 2025, a total of 7 institutional investors disclosed their holdings in Chuangyao Technology, amounting to 57.9387 million shares [1] - The institutional investors include notable firms such as Chongqing Chuangruiying Enterprise Management Co., Ltd., Ningbo Free Trade Zone Kaifeng Venture Capital Management Co., Ltd., and others [1] - The overall institutional holding percentage decreased by 4.18 percentage points compared to the last quarter [1] Public Fund Participation - In this reporting period, 69 public funds were disclosed, which were not reported in the previous quarter [1] - Key public funds include CITIC Construction Rotation Mixed A, Penghua Carbon Neutral Theme Mixed A, and others [1]

Core Insights - The company reported a significant decline in revenue for the first three quarters of 2025, with a total revenue of 290 million yuan, representing a year-on-year decrease of 32.1% [1] - Despite the revenue drop, the net profit attributable to shareholders increased by 46.58% to 68.73 million yuan, with basic earnings per share rising by 47.62% to 0.62 yuan [1] Financial Performance - In Q3 2025, the company achieved a revenue of 107 million yuan, reflecting a quarter-on-quarter growth of 12.27% [3] - The net profit for Q3 was 36.82 million yuan, showing a substantial quarter-on-quarter increase of 83.15% [3] - The improvement in profitability indicates a steady enhancement in operational performance [3] Operational Highlights - The company benefited from an optimized product structure and an increase in new customer orders, particularly in high-end communication chips, which contributed to an overall improvement in gross margin [3] - Ongoing cost reduction and efficiency enhancement measures, along with strengthened R&D and supply chain collaboration, have improved operational efficiency [3] Market Position and Future Outlook - The company focuses on the research and development of broadband communication chips and solutions, including optical communication chips and home broadband chips [3] - It is actively expanding into next-generation communication technologies and low-power chip products, targeting emerging markets such as AIoT and automotive communication [3] - Industry experts suggest that the significant improvement in profitability during Q3 reflects a gradual recovery in market demand and the effectiveness of product structure adjustments, indicating potential for steady growth in upcoming quarters [3]