Report Industry Investment Rating - Not provided in the report Core Viewpoints - The report recommends actively subscribing to the Aiwei Convertible Bond, expecting its listing price on the first day to be between 133.78 and 148.51 yuan, with an estimated subscription success rate of 0.0060% [2] Summary by Directory 1. Convertible Bond Basic Information - The Aiwei Convertible Bond (118065.SH) started online subscription on January 22, 2026, with a total issuance scale of 1.901 billion yuan. The net proceeds after deducting issuance fees will be used for four projects [2] - The current bond floor valuation is 98.8 yuan, with a YTM of 2.01%. The conversion parity is 104.4 yuan, and the parity premium rate is -4.29% [2][12] - The convertible bond terms are standard, with a total share capital dilution rate of 9.27% and a dilution rate of 14.93% for the floating shares, indicating relatively small dilution pressure on the share capital [2][13] 2. Investment Subscription Recommendations - Based on comparable targets and empirical results, considering the good bond floor protection of the Aiwei Convertible Bond and the average attractiveness of its rating and scale, the expected conversion premium rate on the listing day is around 35%, corresponding to a listing price between 133.78 and 148.51 yuan [2][15] - The expected priority subscription ratio of original shareholders is 70.50%, and the expected subscription success rate is 0.0060% [16] 3. Underlying Stock Fundamental Analysis 3.1 Financial Data Analysis - Aiwei Electronics focuses on high-performance analog-digital mixed signals, power management, and signal chain IC design, with products widely used in various markets. It has multiple certifications and many products are dominant in the smartphone field [17] - Since 2020, the company's revenue has steadily increased, with a compound growth rate of 19.51% from 2020 - 2024. In 2024, the operating income was 2.933 billion yuan, a year-on-year increase of 15.88%. The compound growth rate of net profit attributable to the parent from 2020 - 2024 was 25.82%, and in 2024, it reached 255 million yuan, a year-on-year increase of 399.68% [18] - The company's sales net profit margin and gross profit margin are stable, the sales expense ratio has decreased, the financial expense ratio is stable, and the management expense ratio has decreased. The high-performance analog-digital mixed chips and power management chips contribute significantly to the gross profit [25] 3.2 Company Highlights - Aiwei Electronics is a leading domestic analog-digital mixed enterprise. As of 2025, it has over 1,500 main product models, with product sales exceeding 6 billion pieces in 2024, applicable to consumer electronics, industrial Internet, and automotive fields [34]

保荐人（主承销商）：中信建投证券股份有限公司 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个别及连带责任。 重要内容提示： 证券代码：688798 证券简称：艾为电子 公告编号：2026-012 上海艾为电子技术股份有限公司 向不特定对象发行可转换公司债券 网上中签率及优先配售结果公告 | 类别 | 中签率/配售 | 有效申购数量 | 实际配售数 | 实际获配金额 | | --- | --- | --- | --- | --- | | | 比例（%） | （手） | 量（手） | （元） | | 原股东 | 100.00 | 1,426,015 | 1,426,015 | 1,426,015,000 | | 网上社会公众投资者 | 0.00498221 | 9,540,034,149 | 475,305 | 475,305,000 | | 网下机构投资者 | - | - | - | - | | 合计 | | 9,541,460,164 | 1,901,320 | 1,901,320,000 | 特别提示 上海艾为电子技术股份有限公司（ ...

Group 1 - The article discusses the issuance of convertible bonds by Aiwei Electronics and Longjian Co., highlighting their respective bond ratings and conversion prices [2] - Aiwei Electronics has a bond rating of AA+sti with a conversion price of 79.83 yuan and an issuance price of 100.00 yuan [2] - Longjian Co. has a bond rating of AA with a conversion price of 4.63 yuan and an issuance price of 100.00 yuan [2]

证券代码：688798 证券简称：艾为电子 公告编号：2026-011 上海艾为电子技术股份有限公司 向不特定对象发行可转换公司债券发行提示性公告 保荐人（主承销商）：中信建投证券股份有限公司 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。 特别提示 上海艾为电子技术股份有限公司（以下简称"艾为电子"、"发行人"或"公司"） 向不特定对象发行可转换公司债券（以下简称"艾为转债"，债券代码"118065"）已 获得中国证券监督管理委员会（以下简称"中国证监会"）证监许可〔2025〕2972号 文同意注册。公司聘请中信建投证券股份有限公司（以下简称"中信建投证券"、 "保荐人（主承销商）"或"主承销商"）担任本次发行的保荐人（主承销商）。 本次发行的《上海艾为电子技术股份有限公司向不特定对象发行可转换公司债券募 集说明书摘要》（以下简称"《募集说明书摘要》"）及《上海艾为电子技术股份有 限公司向不特定对象发行可转换公司债券发行公告》（以下简称"《发行公告》"） 已 于 2026 年 1 月 20 日 （ T-2 日 ） 披 露 。 ...

Core Insights - The article highlights the introduction of the AW8652X/AW8653X high-voltage Hall sensors by Awinic, which leverage Hyper-Hall technology to address challenges in industrial automation, including voltage fluctuations, electromagnetic interference, and extreme temperature variations [1][16]. Group 1: Industrial Breakthroughs - Awinic's Hyper-Hall R series features three major industrial breakthroughs: wide voltage adaptability, robust protection against interference, and precise reliability [2][17]. - The sensors support a wide voltage range of 2.7V to 32V, directly compatible with 3.3V/5V MCU systems and 12V/24V industrial control power systems, eliminating the need for additional voltage regulation circuits [2][17]. - The maximum absolute power supply voltage can reach ±40V, with built-in reverse voltage protection to prevent chip damage from installation errors [2][17]. Group 2: Temperature Stability - The Hyper-Hall R series includes a high-precision temperature compensation calibration module, maintaining a trigger threshold drift within ±2Gs across a temperature range of -40°C to 150°C [3][18]. - The sensors exhibit a 20% improvement in magnetic induction threshold consistency compared to traditional Hall solutions, ensuring stable performance in extreme environments [3][18]. Group 3: Sensitivity and Response - The sensors demonstrate high sensitivity with a maximum Bop of 2mT and a release point Brp of 1mT, capable of quick responses in weak magnetic environments with a response time of ≤10μs [4][19]. - The radiation interference suppression capability is enhanced by 200% compared to traditional solutions, meeting automotive-grade standards ISO11452-2:2019 and ISO7637-2:2011 [4][19]. Group 4: Product Specifications - The AW8652X/AW8653X series features an average power consumption of ≤3mA, a chopping frequency of up to 800kHz, and a driving capability of up to 50mA [8][22]. - The sensors are available in TO-92S/SOT23 packages, designed for various industrial applications [8][22].

Group 1 - The company, Aiwei Electronics, announced that its fourth board meeting will be held on January 19, 2026, in a hybrid format combining in-person and communication methods [1] - The meeting will review the proposal regarding the issuance of convertible bonds to unspecified investors [1] Group 2 - The short drama industry has experienced a significant boom, creating 690,000 jobs [1] - Actors who previously worked as delivery personnel have found employment in this sector, reporting decent but exhausting income [1] - The production teams are equipped with emergency medical supplies, indicating the demanding nature of the work, especially for scenes requiring sleep [1]

证券代码：688798 证券简称：艾为电子 上海艾为电子技术股份有限公司 Shanghai Awinic Technology Co.,Ltd. （上海市闵行区秀文路 908 弄 2 号 1201 室） 向不特定对象发行可转换公司债券 募集说明书 摘要 保荐机构（主承销商） （北京市朝阳区安立路 66 号 4 号楼） 二〇二六年一月 1 声 明 本公司及全体董事、高级管理人员承诺募集说明书及其他信息披露资料不存 在任何虚假记载、误导性陈述或重大遗漏，并对其真实性、准确性及完整性承担 相应的法律责任。 公司负责人、主管会计工作负责人及会计机构负责人保证募集说明书中财务 会计资料真实、完整。 中国证监会、交易所对本次发行所作的任何决定或意见，均不表明其对申请 文件及所披露信息的真实性、准确性、完整性作出保证，也不表明其对发行人的 盈利能力、投资价值或者对投资者的收益作出实质性判断或保证。任何与之相反 的声明均属虚假不实陈述。 根据《证券法》的规定，证券依法发行后，发行人经营与收益的变化，由发 行人自行负责。投资者自主判断发行人的投资价值，自主作出投资决策，自行承 担证券依法发行后因发行人经营与收益变化或者证券价格 ...

证券代码：688798 证券简称：艾为电子 公告编号：2026-009 上海艾为电子技术股份有限公司 向不特定对象发行可转换公司债券发行公告 保荐人（主承销商）：中信建投证券股份有限公司 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： | 可转债代码 | 118065 | | | | | 可转债简称 | 艾为转债 | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 可转债扩位简称 | 艾为转债 | | | | | | | | | | 原股东配售代码 | 726798 | | | | | 原股东配售简称 | 艾为配债 | | | | 转债申购代码 | 718798 | | | | | 转债申购简称 | 艾为发债 | | | | 发行日期及时间 | （2026 年 | | 1 | 月 | 22 | 日）（9:30-11:30,13:00-15:00） | | | | | 股权登记日 | 2026 1 | 年 | 月 | 21 | ...

证券代码：688798 证券简称：艾为电子 上海艾为电子技术股份有限公司 Shanghai Awinic Technology Co.,Ltd. （上海市闵行区秀文路 908 弄 2 号 1201 室） 向不特定对象发行可转换公司债券 募集说明书 保荐人（主承销商） 二〇二六年一月 1-1-0 上海艾为电子技术股份有限公司 向不特定对象发行可转换公司债券募集说明书 声 明 中国证监会、交易所对本次发行所作的任何决定或意见，均不表明其对申请 文件及所披露信息的真实性、准确性、完整性作出保证，也不表明其对发行人的 盈利能力、投资价值或者对投资者的收益作出实质性判断或保证。任何与之相反 的声明均属虚假不实陈述。 根据《证券法》的规定，证券依法发行后，发行人经营与收益的变化，由发 行人自行负责。投资者自主判断发行人的投资价值，自主作出投资决策，自行承 担证券依法发行后因发行人经营与收益变化或者证券价格变动引致的投资风险。 1-1-1 上海艾为电子技术股份有限公司 向不特定对象发行可转换公司债券募集说明书 重大事项提示 公司特别提示投资者对下列重大事项给予充分关注，并认真阅读本募集说明 书正文内容。 一、不符合科创板股 ...

证券代码：688798 证券简称：艾为电子 公告编号：2026-010 上海艾为电子技术股份有限公司 向不特定对象发行可转换公司债券网上路演公告 保荐人（主承销商）：中信建投证券股份有限公司 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个别及连带责任。 发行人：上海艾为电子技术股份有限公司 保荐人（主承销商）：中信建投证券股份有限公司 上海艾为电子技术股份有限公司（以下简称"艾为电子"或"发行人"）向不特 定对象发行可转换公司债券（以下简称"本次发行"）已获得中国证券监督管理委 员会证监许可〔2025〕2972 号文同意注册。 本次发行的可转换公司债券将向发行人原股东优先配售，原股东优先配售后 余额部分（含原股东放弃优先配售部分）采用网上通过上海证券交易所交易系统 向社会公众投资者发售的方式进行。本次发行的可转换公司债券募集说明书摘要 和发行公告已于 2026 年 1 月 20 日（T-2 日）披露，募集说明书全文及相关资料 可在上海证券交易所网站（http://www.sse.com.cn）查询。 为便于投资者了解艾为电子本次向不特 ...