Investment Rating - The report assigns an "Outperform the Market" rating to the company, with a reasonable value range of 36.58 to 39.91 CNY based on a projected P/E ratio of 22-24 times for 2024 [12]. Core Viewpoints - The company is a leading player in the domestic cleanroom system integration market, focusing on high-end sectors such as IC semiconductors and optoelectronic panels. It has a strong EPCO capability, which includes engineering design, procurement, construction, and maintenance [2][8]. - The cleanroom industry is expected to experience favorable growth, with the market size projected to approach 400 billion CNY by 2027, reflecting a compound annual growth rate (CAGR) of approximately 13.3% from 2022 [2]. - The company has a robust R&D advantage, holding 61 patents as of the end of 2023, and plans to maintain R&D spending above 3% of revenue in 2024 [2][8]. - The company has a strong order backlog of 1.892 billion CNY as of Q1 2024, with significant contributions from the IC semiconductor sector [2][8]. Summary by Sections Market Performance - The company has shown a significant decline in stock performance, with a drop of 47.58% from June 2023 to March 2024 [2]. Financial Performance - The company reported a revenue of 2.009 billion CNY in 2023, with a projected growth to 2.4 billion CNY in 2024, representing a year-on-year increase of 19.5% [11]. - The net profit for 2023 was 139 million CNY, expected to rise to 166 million CNY in 2024, marking a 20% increase [11]. Business Segments - The cleanroom engineering system integration segment is projected to grow by 20% in both 2024 and 2025, with a stable gross margin of 14% [8][20]. - The secondary cleanroom installation segment is expected to see a revenue increase of 15% in 2024 and 2025, maintaining a gross margin of 14.21% [4][20]. - Other electromechanical installation projects are anticipated to grow by 20% in 2024 and 2025, with a gross margin of 15.98% [13][20]. Regional Expansion - The company has a strong domestic presence in regions like the Yangtze River Delta and the Pearl River Delta, with significant growth in the Central and Southern China regions [2]. - Internationally, the company has established operations in Southeast Asia, with notable revenue growth in Vietnam and Thailand [2].

Group 1: Investor Relations Activities - The company participated in the "Shenghui Integration 2023 Annual and 2024 Q1 Performance Briefing" on May 17, 2024, at the Shanghai Stock Exchange Roadshow Center [2] - Key personnel included Vice Chairman Chen Zhihao, General Manager Zhu Qihua, and Independent Director Gu Hailan [2] Group 2: Financial Performance - The company's revenue for Q1 2024 declined due to slow construction progress on certain projects from the previous year, impacting revenue recognition [3] - As of March 31, 2024, the company's order backlog was 1.892 billion yuan (excluding tax), representing a 43.10% increase compared to the same period last year [3] Group 3: Future Outlook - The company maintains an optimistic outlook for future revenue, adhering to a strategy of diversification in industries, types of work, and regions, while integrating ESG development concepts [3] - The company aims to maintain overall gross margin levels without sacrificing profitability for expansion [4] Group 4: Client Relationships - The company has collaborated with leading firms in the advanced manufacturing cleanroom system integration sector, including major clients like ASE Technology, Foxconn, and SMIC [3] - The company has received multiple accolades for safety and quality, reinforcing its reputation in the industry [3]

证券代码：603163 证券简称：圣晖集成 公告编号：2024-029 近日，越南圣晖已完成注册资本变更的工商变更登记手续，并已取得了新的 《营业执照》，所载具体信息如下： 1、名称：Sheng Huei Engineering Technology Company Limited 2、公司编号：0102264812 圣晖系统集成集团股份有限公司 关于全资子公司增资并换发营业执照的公告 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法律责任。 一、增资基本情况 圣晖系统集成集团股份有限公司（以下简称"公司"）于 2024 年 2 月 7 日召 开的第二届董事会第十一次会议审议通过了《关于提请董事会追认相关事项的议 案》。公司董事会同意公司使用自有资金 200 万美元对全资子公司 Sheng Huei Engineering Technology Company Limited（以下简称"越南圣晖"）进行增资，增 资完成后，越南圣晖的注册资本由 350 万美元增加至 550 万美元。 本次增资不涉及关联交易，单独或累计计算均未达到《上海证 ...

Summary of Conference Call Company Overview - The conference call is regarding 深灰集成 (Shenhui Integration) and its performance for the fiscal year 2023 and the first quarter of 2024 [1] Key Points and Arguments - The call was led by the company secretary, 陈之豪 (Chen Zhihao), who expressed gratitude for the ongoing support from stakeholders [1] - The company held its 12th and 13th board meetings on March 29, 2024, and April 29, 2024, respectively [1] Other Important Content - No specific financial data, industry trends, or detailed performance metrics were provided in the excerpt [1]

会 议 召 开 地 点 ： 上 海 证 券 交 易 所 上 证 路 演 中 心 （ 网 址 ： http://roadshow.sseinfo.com/） 证券代码：603163 证券简称：圣晖集成 公告编号：2024-028 圣晖系统集成集团股份有限公司 关于召开 2023 年度暨 2024 年第一季度业绩说明会的公告 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法律责任。 重要内容提示： 会议召开时间：2024 年 5 月 17 日（星期五）下午 13:00-14:30 会议召开方式：上证路演中心视频直播和网络互动 投资者可于 2024 年 5 月 10 日（星期五）至 5 月 16 日（星期四）16:00 前 登 录 上 证 路 演 中 心 网 站 首 页 点 击 " 提 问 预 征 集 " 栏 目 （ https://roadshow.sseinfo.com/questionCollection.do ） 或 通 过 公 司 邮 箱 603163@acter.com.cn 进行提问，公司将在说明会上对投资者普遍关注的问题进 行 ...

Financial Performance - The company's operating revenue for Q1 2024 was CNY 353,047,565.61, representing a decrease of 15.91% compared to the same period last year[5]. - Net profit attributable to shareholders was CNY 17,806,679.56, down 50.84% year-on-year[5]. - Basic earnings per share decreased by 50.00% to CNY 0.18[5]. - Total operating revenue for Q1 2024 was CNY 353,047,565.61, a decrease of 15.9% compared to CNY 419,848,138.55 in Q1 2023[21]. - Net profit for Q1 2024 was CNY 17,720,619.16, a decline of 51.6% from CNY 36,639,616.86 in Q1 2023[22]. - Earnings per share for Q1 2024 was CNY 0.18, compared to CNY 0.36 in Q1 2023[23]. - The net profit excluding non-recurring items was CNY 17,655,539.65, down 48.56% year-on-year[5]. - Other comprehensive income after tax for Q1 2024 was negative CNY 7,644,666.03, compared to negative CNY 2,464,223.80 in Q1 2023[23]. Assets and Liabilities - The total assets at the end of Q1 2024 were CNY 1,848,356,676.48, a decline of 2.94% from the end of the previous year[6]. - Total current assets as of March 31, 2024, amount to ¥1,724,146,578.44, a decrease from ¥1,791,021,058.20 as of December 31, 2023[16]. - Total liabilities as of March 31, 2024, are ¥721,718,701.02, down from ¥785,824,840.71[17]. - Total liabilities decreased to CNY 746,746,163.11 in Q1 2024 from CNY 814,397,427.78 in Q1 2023[18]. - The company reported a significant increase in contract liabilities to ¥114,268,525.75 from ¥73,351,891.04[17]. - Long-term equity investments decreased to ¥2,198,745.98 from ¥2,332,022.40[16]. Cash Flow - The net cash flow from operating activities was negative at CNY -36,492,059.85, indicating a cash outflow[5]. - Cash flow from operating activities in Q1 2024 was negative CNY 36,492,059.85, worsening from negative CNY 32,077,131.59 in Q1 2023[26]. - Cash received from sales and services in Q1 2024 was CNY 486,522,193.13, an increase of 19.3% from CNY 407,694,712.42 in Q1 2023[26]. - The net cash flow from investment activities was -$20,506,828.01, a decrease from $56,860,423.45 in the previous period[27]. - The net cash flow from financing activities was $1,019,868.99, a significant improvement from -$17,679,757.50 previously[27]. - The company experienced a net decrease in cash and cash equivalents of -$55,961,434.88, contrasting with an increase of $6,820,756.02 in the previous period[27]. - Cash outflow from investment activities amounted to $80,706,040.34, compared to $222,566.37 in the prior period[27]. - Cash inflow from investment activities was $60,199,212.33, an increase from $57,082,989.82 previously[27]. Shareholder Information - The total equity attributable to shareholders increased by 0.95% to CNY 1,092,528,461.13 compared to the end of the previous year[6]. - Total equity attributable to shareholders increased to CNY 1,092,528,461.13 in Q1 2024 from CNY 1,082,257,514.27 in Q1 2023[18]. - Total number of common shareholders at the end of the reporting period is 9,447[12]. - The largest shareholder, Sheng Hui International Co. Ltd., holds 64,997,250 shares, representing 65.00% of total shares[12]. Research and Development - Research and development expenses for Q1 2024 were CNY 8,061,671.21, up 17.7% from CNY 6,842,689.51 in Q1 2023[22]. - The company has no significant new product launches or technological developments reported in the current quarter[14]. Accounting and Standards - The company did not apply new accounting standards or interpretations starting in 2024[27]. - There are no changes in the major shareholders' participation in margin financing and securities lending activities[13].

证券代码：603163 证券简称：圣晖集成 公告编号：2024-026 圣晖系统集成集团股份有限公司 关于为子公司提供担保的进展公告 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法律责任。 重要内容提示： 被担保人名称：Pt Acter Integration Technology Indonesia（以下简称"印 尼合资公司"）。本次担保不存在关联担保。 本次担保金额及已实际为其提供的担保余额：圣晖系统集成集团股份有 限公司（以下简称"公司"或"本公司"）本次为印尼合资公司提供的担保金额 为人民币 326.89 万元。截至本公告日，公司已实际为印尼合资公司提供的担保 总额为人民币 326.89 万元。本次担保事项后的累计担保金额，均在公司 2023 年 年度股东大会批准的担保额度范围内。 一、担保情况概述 （一）担保基本情况 2024 年 4 月 23 日，印尼合资公司因业务发展需要，委托本公司作为申请人 向中信银行股份有限公司苏州分行（以下简称"中信银行苏州分行"）申请开立分 离式预付款（退款）保函（以下简称"保函"）一份，保函金 ...

法律意见书 上海市锦天城律师事务所 关于圣晖系统集成集团股份有限公司 2023 年年度股东大会之 地址：上海市浦东新区银城中路 501 号上海中心大厦 11/12 层 电话：021-20511000 传真：021-20511999 邮编：200120 上海市锦天城律师事务所 法律意见书 上海市锦天城律师事务所 关于圣晖系统集成集团股份有限公司 法律意见书 致：圣晖系统集成集团股份有限公司 上海市锦天城律师事务所（以下简称"本所"）接受圣晖系统集成集团股份 有限公司（以下简称"公司"或"圣晖集成"）的委托，就公司召开 2023 年年 度股东大会（以下简称"本次股东大会"）的有关事宜，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》"）《上市公司股东大会规则》等相关法律、法规和规范性文件以及《圣 晖系统集成集团股份有限公司章程》（以下简称"《公司章程》"）等内部规章 制度的有关规定，出具本法律意见书。 为出具本法律意见书，本所及本所律师依据《律师事务所从事证券法律业务 管理办法》和《律师事务所证券法律业务执业规则》等规定，严格履行了法定职 责，遵循了勤勉尽责 ...

证券代码：603163 证券简称：圣晖集成 公告编号：2024-025 圣晖系统集成集团股份有限公司 2023 年年度股东大会决议公告 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法律责任。 重要内容提示： 本次会议是否有否决议案：无 一、 会议召开和出席情况 本次会议由公司董事会召集，以现场投票与网络投票相结合的方式召开，董 事长梁进利先生主持会议，以记名投票方式表决，会议的召集、召开符合《公司 (一) 股东大会召开的时间：2024 年 4 月 19 日 (二) 股东大会召开的地点：圣晖系统集成集团股份有限公司会议室 (三) 出席会议的普通股股东和恢复表决权的优先股股东及其持有股份情况： 法》、《上市公司股东大会规则》和《公司章程》的有关规定。 (五) 公司董事、监事和董事会秘书的出席情况 二、 议案审议情况 审议结果：通过 | 表决情况： | | --- | | 股东类型 | 同意 | | 反对 | | 弃权 | | | --- | --- | --- | --- | --- | --- | --- | | | 票数 | 比例 | ...

CONTENTS 01PART Introduction 01 Exploring the Way 05 to Development Efficient Operation, Solidifying the Cornerstone of Governance 02PART Low-carbon Construction to Promote Sustainable Development 03PART Improving Service and Promoting Quality Engineering 41 04PART People-oriented, Laying the Cornerstone of Development 53 Environmental, Social and Governance (ESG) Report 2023 05PART Stay True to the Mission， and Always Practice Corporate Responsibility 75 81 Appendixes to the Report 19 31 About this Report ...