Investment Rating - The investment rating for the company is "Buy" with a maintained rating of "A" [1][2]. Core Views - The company achieved record high revenue in Q3 2024, with a revenue of 6.817 billion yuan, representing a year-on-year growth of 9.55% and a quarter-on-quarter growth of 5.73% [1]. - The net profit attributable to shareholders reached 1.008 billion yuan, showing a significant year-on-year increase of 368.33% and a quarter-on-quarter increase of 24.60% [1]. - The company is expanding its presence in both the smartphone and automotive sectors, which is contributing to substantial growth in performance [1][2]. - The gross profit margin improved to 30.44%, an increase of 8.66 percentage points year-on-year and 0.20 percentage points quarter-on-quarter [1]. Summary by Sections Financial Performance - In Q3 2024, the company reported a revenue of 6.817 billion yuan, a year-on-year increase of 9.55% and a quarter-on-quarter increase of 5.73% [1]. - The net profit attributable to shareholders was 1.008 billion yuan, reflecting a year-on-year growth of 368.33% and a quarter-on-quarter growth of 24.60% [1]. - The gross profit margin for Q3 2024 was 30.44%, up 8.66 percentage points year-on-year [1]. Market Position and Product Development - The company has completed the layout of its entire series of rear main camera products in the smartphone sector and is actively exploring the sub-camera market [1]. - The company launched the first 12MP sensor for the automotive industry in October 2024, which is expected to enter mass production in Q3 2025 [1]. - The company is leveraging advanced technologies to enhance its product offerings in both the smartphone and automotive markets, aiming for significant market share growth [1][2]. Future Projections - Revenue projections for 2024-2026 are estimated at 26.486 billion yuan, 31.836 billion yuan, and 37.567 billion yuan, with growth rates of 26.0%, 20.2%, and 18.0% respectively [2][3]. - The net profit attributable to shareholders is projected to be 3.477 billion yuan, 4.702 billion yuan, and 6.025 billion yuan for the same period, with growth rates of 525.9%, 35.2%, and 28.1% respectively [2][3].

| 证券代码：603501 | 证券简称：韦尔股份 | 公告编号：2024-090 | | --- | --- | --- | | 转债代码：113616 | 转债简称：韦尔转债 | | 关于 2024 年前三季度计提资产减值准备的公告 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。 为更加真实、准确地反映上海韦尔半导体股份有限公司（以下简称"公司"） 截至 2024 年 9 月 30 日的资产状况和 2024 年前三季度的经营成果，根据《企业 会计准则》和公司会计政策相关规定，基于谨慎性原则，公司对截至 2024 年 9 月 30 日合并报表范围内可能存在减值迹象的相关资产计提了相应的减值准备。 现将相关情况公告如下： 一、资产减值准备的计提概况 根据《企业会计准则》和公司相关会计政策，公司对截至 2024 年 9 月 30 日 的各项资产进行了减值迹象的识别和测试，并根据识别和测试的结果，计提了相 关资产的减值准备。公司2024年1-9月对各项资产计提减值准备合计为24,147.20 万元，具体情况如下表。 单位：万元 | ...

财联社财经通讯社打开APP16:24:29【韦尔股份：前三季度净利润约23.75亿元 同比增545%】财联社10 月25日电，韦尔股份公告，前三季度实现营业收入189.08亿元，同比增长25.38%；净利润约23.75亿 元，同比增长544.74%。 主要原因为消费市场回暖，公司在高端智能手机市场的产品导入及汽车市场自动驾驶应用的持续渗透， 以及产品结构优化和成本控制等因素影响，公司产品毛利率逐步恢复。 韦尔股份+1.62%A股公告速递半导体芯片查看公告原文财联社声明：文章内容仅供参考，不构成投资建 议。 投资者据此操作，风险自担。 2024-10-25 16:24:2936057 阅读商务合作发送 ...

| 证券代码：603501 | 证券简称：韦尔股份 | 公告编号：2024-087 | | --- | --- | --- | | 转债代码：113616 | 转债简称：韦尔转债 | | 上海韦尔半导体股份有限公司 2024 年中期利润分配方案公告 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： 上海韦尔半导体股份有限公司（以下简称"公司"）2024 年度中期利润分 配方案：每 10 股派发现金红利 2.00 元（含税）。 本次利润分配以实施权益分派股权登记日的总股本扣除回购专户上已回 购股份后的总股数为基数，具体日期将在权益分派实施公告中明确。在实施权益 分派的股权登记日前公司总股本发生变动的，维持每股分配金额不变，相应调整 分配总额。 一、利润分配方案内容 根据公司 2024 年第三季度报告，公司 2024 年前三季度合并报表归属于上市 公司股东的净利润为人民币 2,375,297,360.17 元。根据公司第六届董事会第三十 八次会议决议，公司 2024 年度中期利润分配方案如下： 公司以实施权益分派股权 ...

二、董事会会议审议情况 | 证券代码：603501 | 证券简称：韦尔股份 公告编号：2024-088 | | --- | --- | | 转债代码：113616 | 转债简称：韦尔转债 | 上海韦尔半导体股份有限公司 （一）审议通过《2024 年第三季度报告》 第六届董事会第三十八次会议决议公告 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。 一、董事会会议召开情况 上海韦尔半导体股份有限公司（以下简称"公司"）第六届董事会第三十八次 会议于 2024 年 10 月 25 日以现场结合通讯方式召开，会议于 2024 年 10 月 18 日 以通讯方式向全体董事进行了通知。会议应出席董事 9 名，实际出席董事 9 名。 本次会议由公司董事长虞仁荣先生主持，公司监事和高级管理人员列席了本次会 议。本次会议的召集和召开符合《公司法》等有关法律、行政法规、部门规章、 规范性文件和《公司章程》的相关规定，会议形成的决议合法、有效。 动的，公司拟维持每股分配金额不变，相应调整分配总额。 本议案已经公司董事会审计和关联交易控制委员会审议通 ...

| 证券代码：603501 | 证券简称：韦尔股份 公告编号：2024-089 | | --- | --- | | 转债代码：113616 | 转债简称：韦尔转债 | 上海韦尔半导体股份有限公司 第六届监事会第二十七次会议决议公告 本公司监事会及全体监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、 监事会会议召开情况 上海韦尔半导体股份有限公司（以下简称"公司"）第六届监事会第二十七次 会议于 2024 年 10 月 25 日以现场结合通讯方式召开，会议通知已于 2024 年 10 月 18 日通过通讯方式送达各位监事。本次会议由监事会主席韩杰先生主持，会 议应到监事 3 人，实到监事 3 人。本次会议的召集和召开符合《公司法》等有关 法律、行政法规、部门规章、规范性文件和《公司章程》的有关规定，会议形成 的决议合法、有效。 二、监事会会议审议情况 具体内容详见公司同日在上海证券交易所网站（http://www.sse.com.cn）和公 司指定信息披露媒体披露的《2024 年第三季度报告》。 （二）审议通过《关于 2024 年中期利润分配 ...

Financial Performance - The company's operating revenue for Q3 2024 reached approximately CNY 18.91 billion, representing a year-on-year increase of 25.38%[2] - Net profit attributable to shareholders increased by 368.33% year-on-year, totaling approximately CNY 2.38 billion[3] - The gross profit margin for the reporting period was 29.61%, an increase of 8.33 percentage points compared to the previous year[3] - Basic earnings per share rose to CNY 1.98, reflecting a growth of 366.67% year-on-year[5] - The company reported a significant increase in net profit for the first three quarters of 2024, amounting to approximately CNY 2.375 billion, up 544.74% year-on-year[3] - Total operating revenue for the first three quarters of 2024 reached ¥18.91 billion, a 25.5% increase from ¥15.08 billion in the same period of 2023[14] - The net profit attributable to shareholders of the parent company for the first three quarters of 2024 was CNY 2,375,297,360.17, compared to CNY 368,410,638.54 in 2023, marking a substantial increase of about 543.5%[16] - The operating profit for the first three quarters of 2024 was CNY 2,581,047,558.40, compared to CNY 472,584,077.54 in 2023, indicating a growth of approximately 446.5%[17] - The total profit for the first three quarters of 2024 was CNY 2,597,016,436.94, a significant increase from CNY 477,897,178.80 in 2023, representing a growth of approximately 443.5%[17] Assets and Liabilities - The total assets of the company at the end of the reporting period were approximately CNY 38.39 billion, a 1.72% increase from the previous year[3] - The company's total assets amounted to ¥38.39 billion, an increase from ¥37.74 billion year-over-year[13] - Total liabilities decreased to ¥15.70 billion from ¥16.25 billion, a decline of 3.4%[12] - The company's equity attributable to shareholders rose to ¥22.65 billion, up from ¥21.45 billion, an increase of 5.6%[13] Cash Flow - The net cash flow from operating activities for the year-to-date period was approximately CNY 3.25 billion, a decrease of 40.50% year-on-year[5] - The cash flow from operating activities for the first three quarters of 2024 was CNY 3,245,316,231.64, down from CNY 5,454,413,648.09 in the same period of 2023[17] - The net cash inflow from investment activities was -¥893,201,711.88, compared to -¥1,602,817,602.41 in the previous year, indicating an improvement[18] - Cash received from the sale of goods and services for the first three quarters of 2024 was CNY 19,047,949,816.81, compared to CNY 14,288,730,470.02 in 2023, reflecting an increase of about 33.5%[17] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 100,386[6] - The company approved a cash dividend distribution of RMB 2.00 per 10 shares, totaling approximately RMB 239.85 million, which represents about 10.10% of the net profit for the first three quarters of 2024[9] - The total number of shares held by the top 10 shareholders includes significant stakes from major institutional investors, such as China Construction Bank and Guotai Junan Securities[8] Operational Insights - The company has seen a recovery in product gross margins due to product structure optimization and cost control measures[3] - The company is actively exploring market expansion opportunities and new product development strategies[9] - The company's management is focused on optimizing asset management and enhancing shareholder value through strategic decisions[9] Expenses - Total operating costs increased to ¥16.18 billion, up 11.1% from ¥14.56 billion year-over-year[14] - Research and development expenses rose to ¥1.93 billion, representing a 23.4% increase compared to ¥1.56 billion in the previous year[14] Accounts Receivable and Inventory - The accounts receivable increased to approximately RMB 4.38 billion from RMB 4.03 billion year-over-year[10] - The company reported a notable increase in accounts receivable, indicating potential growth in sales and customer demand[10] - Inventory increased to ¥6.77 billion, up from ¥6.32 billion, reflecting an increase of 7.1%[11]

Investment Rating - The report maintains a "Buy" rating for the company, expecting the stock to outperform the CSI 300 index by more than 15% over the next six months [10]. Core Views - The company is expected to achieve a net profit attributable to shareholders of 2,267.01 million to 2,467.01 million yuan for the first three quarters of 2024, representing a year-on-year increase of 515.35% to 569.64% [3]. - The company anticipates a net profit of 2,202.13 million to 2,402.13 million yuan after deducting non-recurring gains and losses, reflecting a significant year-on-year increase of 1,595.80% to 1,749.81% [3]. - The growth in performance is attributed to the continuous recovery in market demand and the company's successful penetration into the high-end smartphone market and automotive applications [3]. - The company has completed the layout of its entire series of rear main camera products for smartphones and is optimizing its product and supply chain structure to enhance competitiveness [3]. - The automotive CIS product matrix is continuously improving, with advanced solutions covering various automotive applications, indicating a strong growth outlook for this segment [3]. Financial Summary - The company is projected to achieve revenues of 26,797 million, 32,265 million, and 37,800 million yuan for 2024, 2025, and 2026, respectively, with corresponding net profits of 3,175 million, 4,312 million, and 5,414 million yuan [4]. - The revenue growth rates are expected to be 27.48% for 2024, 20.41% for 2025, and 17.15% for 2026 [4]. - The projected PE ratios for the years 2024, 2025, and 2026 are 42.16, 31.04, and 24.72, respectively [4][6].

| 证券代码：603501 | 证券简称：韦尔股份 公告编号：2024-085 | | --- | --- | | 转债代码：113616 | 转债简称：韦尔转债 | 上海韦尔半导体股份有限公司 关于处置股票资产的公告 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： 本次交易不构成关联交易，亦不构成《上市公司重大资产重组管理办法》 规定的重大资产重组。 3、企业类型：股份有限公司（中外合资、上市） 4、法定代表人：赵国光 本次交易已经公司第六届董事会第三十七次会议审议通过。 一、交易概述 2024 年 10 月 17 日，公司召开第六届董事会第三十七次会议，审议通过《关 于择机处置股票资产的议案》，为促进公司股东价值最大化，合理优化公司资产 结构，董事会同意授权公司管理层根据股票市场行情择机出售部分或全部持有的 股票资产。授权期限为自本决议通过之日起一年，授权事项包括但不限于确定交 易方式、交易时机、交易价格等。本次交易不涉及关联交易，亦不构成重大资产 重组。无需提交公司股东大会审议通过。 截至 2024 年 ...

上海韦尔半导体股份有限公司 关于持股 5%以上股东及其一致行动人披露 简式权益变动报告书的提示性公告 | 证券代码：603501 | 证券简称：韦尔股份 公告编号：2024-084 | | --- | --- | | 转债代码：113616 | 转债简称：韦尔转债 | 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： 本次权益变动系实施股权激励计划被动稀释、发行 GDR 对应的新增基础 A 股股票发行被动稀释、股份减持、股份捐赠等因素共同导致信息披露义务人持 有上海韦尔半导体股份有限公司（以下简称"公司"）的权益发生变化所致，不 触及要约收购，不会导致公司控股股东、实际控制人发生变化。 本 次 权 益 变 动 后 ， 控 股 股 东 及 其 一 致 行 动 人 合 计 持 有 公 司 股 份 408,576,912 股，占公司总股本的 33.62%。 一、信息披露义务人的基本信息 （一） 信息披露义务人一： | 名称 | 虞仁荣 | | --- | --- | | 性别 | 男 | | 国籍 | 中国 | | 身 ...