但鉴于交易各方对本次交易进行协商和谈判后，公司与交易对方未能就本次交易对价等商业条款最终达 成一致意见，为切实维护公司及全体股东利益，经公司审慎研究，并与交易对方协商一致，决定终止本 次交易事项。 人民财讯3月3日电，汇顶科技(603160)3月3日晚间公告，之前，公司拟通过发行股份及支付现金的方式 购买云英谷科技股份有限公司（简称"云英谷"）100%股份，同时公司拟发行股份募集配套资金。 公司承诺自终止公告披露之日起1个月内不再筹划重大资产重组事项。 ...

更多资料加入知识星球:水木调研纪要 关注公众号:水木纪要 汇顶科技 摘要 汇项科技正加速超声波指纹识别技术在安卓市场的渗透,该技术已应用于 人民网 大 网 所见 多 和 清 、 案,提升安全性与用户体验。 _兵调研 器和海外投行研报数据加V: shuinu9870 1 流动科技在指纹识别技术领域的发展历程和现状期间花头和海外技术所属老师为!，ahuinu9870 江顶科技在指纹识别技术领域的历史和领会历了全点" 手调研纪 公司营收结构趋于多元化,从早期单一指纹识别芯片向传感器、触控、连 接、音频、安全五大产品线均衡发展,增强了毛利率的稳健性,降低了对 单一产品线的依赖。 • 超声波指纹识别市场竞争格局相对良好,高通虽占据一定市场份额，但汇 顶科技凭借价格优势和合理性能,有望在国内安卓市场取得突破,成为该 领域的重要推动者。 • 汇顶科技在触控产品线深耕多年,主要集中于 OLED 领域,营收稳健增长。 计划收购云英半导体,有望在 OLED 领域实现触控和显示驱动芯片的协同效 应,显著扩展成长空间。 公司在光线传感器方面,已进入国内智能手机市场,通过屏下光感技术为 ● 客户节约成本,预计 2025年将进一步放量。 ...

Investment Rating - The report assigns an "Accumulate" rating for the company, marking the first coverage [1]. Core Insights - The company is positioned as a leader in fingerprint and touch control technologies, with a diverse product line that supports robust growth [6]. - The profit pressure period has ended, and the company is back on a growth trajectory, with significant profit recovery observed in 2024 [3][15]. - The introduction of a new ultrasonic fingerprint sensor is expected to catalyze growth in the Android market, enhancing the company's competitive position [3][49]. - The company plans to acquire Yunyinggu to create a complete OLED solution, which is anticipated to strengthen its market position [3][64]. - A diversified product portfolio, including light sensors and health sensors, is expected to stabilize revenue growth and enhance long-term growth certainty [3][23]. Summary by Sections Company Overview - The company, founded in 2002, provides leading semiconductor hardware and software solutions for smart terminals, IoT, and automotive electronics, evolving from a multi-functional phone chip supplier to a leader in touch control chips [6][9]. Financial Performance - The total revenue for 2023 is projected at 44.08 billion yuan, with a year-on-year growth of 30.3%. The net profit attributable to shareholders is expected to reach 1.65 billion yuan, reflecting a significant year-on-year increase of 122.1% [3]. - The company has successfully recovered from a period of losses in 2022, with net profit for the first three quarters of 2024 reaching 448 million yuan, a substantial increase compared to the previous year [15]. Product Lines and Market Position - The company has developed five key product lines: sensors, touch control, connectivity, audio, and security, which are widely used across various applications [9]. - The ultrasonic fingerprint recognition technology is expected to penetrate the market rapidly, with the first deployment in the Vivo X100 Ultra in May 2024 [3][44]. - The touch control products are positioned to benefit from the growing OLED market, with the company planning to enhance its capabilities through the acquisition of Yunyinggu [3][64]. Growth Projections - Revenue forecasts for 2024-2026 are 43.78 billion, 52.96 billion, and 64.01 billion yuan, with corresponding net profits of 6.09 billion, 9.25 billion, and 11.97 billion yuan, indicating strong growth potential [3].

证券代码：603160 证券简称：汇顶科技 公告编号：2025-005 深圳市汇顶科技股份有限公司 关于出售全资孙公司 100%股权的进展公告 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、准确性和完整性承担个别及连带责任。 一、 本次交易概述 2024 年 11 月 4 日，汇顶香港与 Tessolve 签署了《股份购买与转让协议》， 约定在双方确认交割条件满足或已被豁免后的 10 个工作日内向汇顶香港支付本 次股权转让交易的首期转让对价 3,009.5 万欧元。汇顶香港已于 2025 年 2 月 7 日 收到 Tessolve 支付的 3,009.5 万欧元首期转让对价款。 截至本公告披露日，Tessolve 尚有剩余转让对价未支付，剩余转让对价基准 金额为 1,062.5 万欧元，剩余实际转让对价的支付金额将在剩余基准金额基础上 根据标的公司 2024 年及 2025 年上半年的营业收入及交割日的营运资金和净负 债情况进行调整。 （二）交易标的交割情况 1. 交割的先决条件完成情况 根据《股份购买与转让协议》约定，本次交易已满足交割的先决条件，包括 ...

证券代码：603160 证券简称：汇顶科技 公告编号：2025-004 深圳市汇顶科技股份有限公司 关于发行股份及支付现金购买资产并募集配套资金 事项的进展公告 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、准确性和完整性承担个别及连带责任。 2024 年 12 月 6 日，公司第五届董事会第四次会议、第五届监事会第四次会 议审议通过了《关于公司本次发行股份及支付现金购买资产并募集配套资金方案 的议案》等与本次交易相关的议案。具体内容详见公司于 2024 年 12 月 7 日披露 的《《深圳市汇顶科技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 预案》及《《关于披露发行股份及支付现金购买资产并募集配套资金预案暨公司股 票复牌的公告》（公告编号：2024-089）等相关公告。公司证券《（证券简称：汇顶 科技，证券代码：603160）已于 2024 年 12 月 9 日《（周一）开市起复牌。2025 年 1 月 6 日，公司在指定信息披露媒体披露了《《关于发行股份及支付现金购买资产 并募集配套资金事项的进展公告》（公告编号：2025-002）。 自本 ...

2025 年 01 月 22 日 公司点评 买入/维持 汇顶科技(603160) 昨收盘:80.07 收购云英谷科技，补全业务版图协同效应优秀 ◼ 走势比较 (20%) (2%) 16% 34% 52% 70% 24/1/22 24/4/4 24/6/16 24/8/28 24/11/9 25/1/21 ◼ 股票数据 | 总股本/流通(亿股) | 4.62/4.62 | | --- | --- | | 总市值/流通(亿元) | 369.82/369.82 | | 12 个月内最高/最低价 | 100.5/46.08 | | (元) | | 相关研究报告 <<太平洋证券公司点评-汇顶科技 （603160）：24H1 扭亏为盈，新产品 批量导入未来可期>>--2024-10-23 证券分析师：张世杰 E-MAIL：luoping@tpyzq.com 分析师登记编号：S1190524030001 事件：汇顶科技发布《发行股份及支付现金购买资产 并募集配套资金预 案》，拟通过发行股份及支付现金的方式购买云英谷科技股份有限公司 100%股份。同时，上市公司拟向不超过 35 名特定投资者发行股份募集配 套资金。 深耕主营 ...

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： 2024 年年度业绩预增公告 本期业绩预告适用于实现盈利，且净利润与上年同期相比上升 50%以上 的情形。 证券代码：603160 证券简称：汇顶科技 公告编号：2025-003 深圳市汇顶科技股份有限公司 （一）业绩预告期间 2024 年 1 月 1 日至 2024 年 12 月 31 日（以下简称"报告期"）。 （二）业绩预告情况 经公司财务部门初步测算： 1. 公司预计 2024 年年度实现营业收入 437,000 万元左右，同比下降 0.86% 左右。 2. 公司预计 2024 年年度实现归属于母公司所有者的净利润为 55，000 万元 到 64,000 万元，与上年同期相比，将增加 38,494.51 万元到 47,494.51 万元， 同比增加 233.22%到 287.75%。 3. 公司预计 2024 年年度实现归属于母公司所有者的扣除非经常性损益的 净利润为 49,000 万元到 58,000 万元，与上年同期相比，将增加 35,786.1 ...

Core Viewpoint - The company, Huida Technology, expects a significant increase in net profit for the year 2024, projecting a net profit attributable to shareholders of between 550 million to 640 million yuan, which represents a year-on-year increase of 385 million to 475 million yuan, or a growth of 233.22% to 287.75% [1] Group 1 - The company has successfully achieved mass shipments of new products such as ultrasonic fingerprint sensors, next-generation light sensors, and NFC/eSE during the reporting period [1] - The decrease in chip procurement costs and the positive impact of product iteration have contributed to a reduction in product costs [1] - The company's gross profit margin has effectively improved due to these factors [1]

Investment Rating - The investment rating for the company is "Buy" (maintained) [3] Core Views - The company is positioned to benefit from the release of demand across multiple product lines, including fingerprint recognition chips, touch control chips, audio products, and wireless connectivity solutions, particularly in the context of the AI era [1][2] - The company has a strong market presence in the semiconductor solutions for smart terminals, IoT, and automotive electronics, with significant revenue contributions from its fingerprint recognition and touch control chip businesses [1] - The anticipated growth in revenue and profit margins is driven by technological upgrades, market expansion, and strategic acquisitions [1][7] Summary by Sections Business Overview - The company operates in four core business areas: sensing, computing, connectivity, and security, primarily targeting smart terminals, IoT, and automotive electronics [1] - In 2023, the revenue contribution from fingerprint recognition chips was 42.87%, while touch control chips accounted for 34.34% [1] Growth Drivers - The growth is attributed to the expansion of the OLED market, continuous upgrades in core product lines, and the maturation of other product lines such as audio products and wireless connectivity solutions [1] - The company is expected to see rapid growth in the shipment of ultrasonic fingerprint products starting in 2023, which will significantly enhance revenue and gross profit levels [1][7] Financial Projections - Revenue forecasts for 2025 and 2026 have been adjusted upwards to 62.69 billion and 74.68 billion respectively, with net profit estimates for the same years revised to 9.52 billion and 12.31 billion [7] - The projected P/E ratios for 2024 to 2026 are 46.4, 36.6, and 28.3 respectively, indicating a positive outlook for the company's financial performance [7][8] Market Position - The company is recognized as a leading supplier in the fingerprint and touch control chip markets, with a growing customer base among smartphone brands [1][2] - The strategic acquisition of Yunyinggu Technology is expected to enhance the company's market position and product offerings in the OLED display driver chip sector [7]

Investment Rating - The report initiates coverage with a "Buy" rating for the company [5]. Core Views - The company is transitioning from a leader in touch control to a pioneer in the fingerprint recognition market, with significant innovations in sensor, computing, connectivity, and security technologies driving growth in IoT and automotive electronics [1][8]. - The company is expected to see substantial revenue growth driven by new product launches, particularly in the ultrasonic fingerprint sensor and automotive electronics sectors [2][3]. Summary by Sections 1. Transition and Innovation - The company has established itself as a leading chip design firm, focusing on smart terminals, IoT, and automotive electronics, with a strong emphasis on R&D and technological innovation [1][8]. - The product innovation cycle is identified as the core driver of the company's revenue growth, with significant contributions from the fingerprint recognition segment [16][17]. 2. Touch Control Business - The touch control chip business has shown steady growth, with a diverse product matrix and a focus on automotive electronics, which is expected to be a key growth area [2][25]. - The company’s capacitive touch chips generated revenue of 8.8 billion yuan in the first half of 2024, accounting for 39.1% of total revenue with a gross margin of 52.3% [20][22]. 3. Fingerprint Recognition Technology - The company is transitioning to ultrasonic fingerprint recognition technology, which offers advantages such as thinner modules, support for wet hand unlocking, and lower power consumption compared to optical solutions [3][49]. - The ultrasonic fingerprint sensor is expected to see significant market penetration in 2024, with large-scale commercial deployment anticipated [21][49]. 4. Other Chip Developments - The company is set to release various new products, including light sensors and health sensors, which are expected to contribute to revenue growth [3][22]. - The acquisition of Yunying Valley is aimed at enhancing the company's competitiveness in the display chip market [3]. 5. Financial Projections - Revenue projections for 2024-2026 are estimated at 46.80 billion yuan, 58.83 billion yuan, and 65.21 billion yuan, respectively, with corresponding net profits of 6.42 billion yuan, 8.74 billion yuan, and 10.22 billion yuan [4][3].