4月15日晚间，上海韦尔半导体股份有限公司（以下简称"韦尔股份（603501）"）发布2024年年报。报 告期内，公司实现营业收入257.31亿元，同比增长22.41%；归属于上市公司股东的净利润33.23亿元， 同比增长498.11%。公司拟每10股派发现金红利2.2元（含税），预计分配现金红利总额为2.64亿元。 从具体数据来看，报告期内，公司图像传感器业务来源于智能手机市场的收入约98.02亿元，较上年同 期增加26.01%；来源于汽车市场的收入约59.05亿元，较上年同期增加29.85%。 智能手机市场方面，年报显示，公司推进产品结构优化及供应链结构优化，持续强化高端智能手机CIS （CMOS图像传感器）市场竞争力。例如，韦尔股份推出1.2um 5000万像素的高端图像传感器OV50H， 凭借优异的性能，被广泛应用于国内主流高端智能手机后置主摄方案中，伴随着产能顺利爬坡，公司在 高端智能手机领域市场份额持续提升。 汽车电子市场亦展现出强劲的增长动能。年报显示，公司凭借先进紧凑的汽车CIS解决方案已经覆盖了 ADAS（高级驾驶辅助系统）、驾驶室内部监控、电子后视镜、仪表盘摄像头、后视和全景影像等广泛 的 ...

Profit Distribution - The proposed profit distribution plan for 2024 includes a cash dividend of 2.20 CNY per 10 shares, totaling approximately 263.99 million CNY (including tax), which represents 15.16% of the net profit attributable to shareholders for the year[7]. - The mid-year profit distribution for 2024 was completed, with a cash dividend of 2.00 CNY per 10 shares, amounting to approximately 239.98 million CNY (including tax)[7]. - The company has completed the mid-year profit distribution plan on December 18, 2024[7]. - The total cash dividend for 2024 is subject to approval by the shareholders' meeting[7]. - The company distributed cash dividends totaling RMB 407.58 million during the reporting period, with RMB 167.60 million distributed for the 2023 annual profit and RMB 239.98 million for the 2024 interim profit[81]. Financial Performance - The company's operating revenue for 2024 reached ¥25.73 billion, a 22.41% increase from ¥21.02 billion in 2023[25]. - Net profit attributable to shareholders surged to ¥3.32 billion in 2024, marking a 498.11% increase compared to ¥555.62 million in 2023[25]. - The basic earnings per share for 2024 was ¥2.77, up 489.36% from ¥0.47 in 2023[26]. - The weighted average return on equity increased to 14.83% in 2024, an increase of 11.85 percentage points from 2.98% in 2023[26]. - The net cash flow from operating activities for 2024 was ¥4.77 billion, a decrease of 36.68% from ¥7.54 billion in 2023[25]. - The total assets of the company at the end of 2024 were ¥38.96 billion, reflecting a 3.24% increase from ¥37.74 billion at the end of 2023[25]. - The company reported a net profit of ¥1.01 billion in Q3 2024, showing strong quarterly performance[29]. - The net profit attributable to shareholders for Q4 2024 was ¥947.95 million, indicating consistent profitability[29]. - The company’s net assets attributable to shareholders increased to ¥24.20 billion by the end of 2024, a 12.82% rise from ¥21.45 billion in 2023[25]. Market and Business Growth - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[19]. - In 2024, the company's main business revenue reached 25.67 billion RMB, an increase of 22.43% compared to 2023[37]. - Semiconductor design business sales revenue was 21.64 billion RMB, accounting for 84.30% of main business revenue, up 20.62% year-on-year[37]. - Image sensor solutions generated 19.19 billion RMB in revenue, representing 74.76% of main business revenue, a 23.52% increase from the previous year[41]. - The automotive intelligent driving market saw a global vehicle sales increase of 1.8% in 2024, reaching 90.6 million units[42]. - The company’s automotive CIS products have expanded into various applications, including ADAS and driver monitoring systems, enhancing market share[43]. - The company’s gross profit margin improved due to product structure optimization and supply chain efficiency[35]. - The company plans to continue expanding its product offerings in the automotive sector, leveraging nearly 20 years of industry experience[43]. Research and Development - R&D investment for the semiconductor design sales business was approximately 3.245 billion yuan, accounting for 15.00% of the revenue, with a year-over-year increase of 10.89%[52]. - The company launched the OV50K40 image sensor, the world's first smartphone image sensor using TheiaCel™ technology, setting a new performance benchmark for flagship rear cameras[54]. - The company introduced the OX08D10 8-megapixel CMOS image sensor, integrated with Qualcomm's Snapdragon Ride™ platform, for next-generation advanced driver-assistance systems (ADAS)[59]. - The company launched the OX12A10 12MP image sensor, the highest resolution in the 2.1µm TheiaCel™ product line, designed for next-generation ADAS and AD machine vision needs[60]. - The company established a new machine vision department to focus on innovative solutions for industrial automation, robotics, and intelligent transportation systems (ITS) due to the significant demand for 3D cameras and CMOS image sensors[61]. - The company released the OV01D1R smart CMOS image sensor, the first in the industry to achieve human presence detection and infrared facial recognition with low power consumption[67]. - The company invested CNY 3.245 billion in R&D, representing 15% of its semiconductor design sales revenue, ensuring robust product upgrades and new product development[108]. Risk Management - The company has detailed potential risks in the report, advising investors to be cautious[11]. - The report includes a forward-looking statement risk declaration, indicating that future plans do not constitute a substantive commitment to investors[8]. - The company faces risks from market fluctuations, particularly in the semiconductor industry, which is sensitive to macroeconomic changes[187]. - The company has implemented a reasonable inventory impairment policy and will closely monitor downstream changes to mitigate inventory risks[193]. - The company faces foreign exchange risk primarily from financial assets and liabilities denominated in USD and HKD, with significant subsidiaries located in the US and Singapore[194]. Corporate Governance and Compliance - The company has received a standard unqualified audit report from Lixin Certified Public Accountants[6]. - There are no non-operating fund occupations by controlling shareholders or related parties reported[9]. - The company has not violated decision-making procedures for external guarantees[10]. - The board of directors and supervisory board members have confirmed the authenticity, accuracy, and completeness of the annual report[4]. - The company emphasizes investor relations management and adheres to legal regulations to protect shareholder interests and ensure effective governance[200]. Supply Chain and Production - The company has optimized its supply chain management by collaborating closely with wafer foundries and packaging/testing manufacturers, ensuring product quality and stable supply[74]. - The company collaborates with leading wafer foundries for mask design and wafer processing, ensuring stable product supply[88]. - The company maintains stable inventory levels, with total inventory decreasing by 7.36% to 369,377.94 million units[126]. - The company’s semiconductor design business costs show that wafer costs account for approximately 71.93%, packaging and testing costs account for about 15.61%, and other costs make up around 12.46%[130]. Strategic Investments - The company completed its convertible bond fundraising projects, including the "CMOS Image Sensor R&D Upgrade" project, which reached operational status by March 2024, and the "Wafer Color Filter and Microlens Packaging Project," expected to be completed by December 2024[75]. - The company participated in a private equity investment fund with a total fundraising scale of RMB 3.5 billion, investing RMB 693 million[146]. - The company aims to enhance its competitive edge through mergers and acquisitions, expanding its market presence in various sectors including automotive, medical, and AR/VR[177]. - The company intends to pursue mergers and acquisitions to diversify its product portfolio and expand market coverage, focusing on strategic partnerships[186].

Core Insights - Weir Shares (603501.SH) reported a significant increase in revenue and net profit for the year 2024, with total revenue reaching 25.731 billion yuan, a year-on-year growth of 22.41%, and net profit attributable to shareholders at 3.323 billion yuan, a remarkable increase of 498.11% [1] Group 1: Semiconductor Design Business - The semiconductor design business of Weir Shares is primarily composed of three main segments: image sensor solutions, display solutions, and analog solutions [1] - The image sensor solutions segment generated revenue of 19.190 billion yuan in 2024, accounting for 74.76% of the main business revenue, reflecting a year-on-year increase of 23.52% [1] - Revenue from the smartphone market for image sensors was approximately 9.802 billion yuan, marking a 26.01% increase compared to the previous year [1] - The company has enhanced its competitiveness in the high-end smartphone CMOS image sensor market through product structure optimization and supply chain improvements [1] Group 2: Automotive CIS Solutions - Revenue from the automotive market for image sensors was around 5.905 billion yuan, showing a year-on-year increase of 29.85%, with a continuous rise in market share [2] - The demand for in-vehicle cameras has significantly increased due to the rapid penetration of autonomous driving systems and driver monitoring systems [2] - The automotive camera market is evolving towards higher resolution, multifunctionality, intelligence, and integration to meet consumer demands for improved driving experience and safety [2] Group 3: Display Solutions - The display solutions segment, primarily focused on LCD-TDDI products, faced challenges due to an imbalance in industry supply and demand, resulting in a revenue of 1.028 billion yuan, a decrease of 17.77% year-on-year [2] - The company is investing in the development of automotive display driver products to meet mainstream market specifications [2] - The diversification of product categories and application markets is expected to provide more growth opportunities for the display solutions segment [2]

Core Insights - Weir Shares (韦尔股份) reported a significant increase in revenue and net profit for the fiscal year 2024, with revenue reaching 25.731 billion yuan, a year-on-year growth of 22.41%, and net profit attributable to shareholders at 3.323 billion yuan, a remarkable increase of 498.11% [1] Group 1: Company Performance - The company operates primarily in the chip design sector, focusing on image sensor solutions, display solutions, and analog solutions [1] - The image sensor solutions segment generated 19.19 billion yuan in revenue, accounting for 74.76% of total revenue, with a year-on-year increase of 23.52% [1] - The display solutions segment faced challenges, with revenue declining to 1.028 billion yuan, a decrease of 17.77% due to ongoing pressure on average selling prices [2] - The analog solutions segment saw revenue rise to 1.422 billion yuan, an increase of 23.18%, driven by recovering demand in consumer electronics [2] Group 2: Market Trends - The global CIS market is projected to grow from 17.9 billion USD in 2020 to 19.5 billion USD in 2024, with a compound annual growth rate (CAGR) of 2.1%, and expected to reach 29.2 billion USD by 2029 at a CAGR of 8.4% [3] - The global TDDI market is anticipated to grow from 2.085 billion USD in 2020 to 2.596 billion USD in 2024, with a CAGR of 5.6%, and further expand to 3.844 billion USD by 2029 at a CAGR of 8.2% [3] - The global analog IC market is expected to increase from 55.7 billion USD in 2020 to 79.4 billion USD in 2024, with a CAGR of 9.3%, and reach 103.8 billion USD by 2029 at a CAGR of 5.5% [3] Group 3: Future Plans - The company plans to enhance its product development and diversify its semiconductor design offerings, aiming to expand application ranges [3] - There will be a focus on strengthening product quality management and R&D processes to meet the demands of top-tier international clients [3] - The company intends to pursue mergers and acquisitions to broaden its market reach and diversify its product portfolio [4]

| 证券代码：603501 | 证券简称：韦尔股份 | 公告编号：2025-033 | | --- | --- | --- | | 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 第六届监事会第三十二次会议决议公告 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"）第六届监事会第三十二次 会议于 2025 年 4 月 15 日以现场结合通讯方式召开，会议通知已于 2025 年 4 月 5 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 （一）审议通过《2024 年度监事会工作报告》 公司全体监事总结了 2024 年度监事会的工作情况，并编写了《2024 年度监 事会工作报告》。 1 本议案需提交公司股东大会审议表 ...

| 证券代码：603501 | 证券简称：韦尔股份 | 公告编号：2025-032 | | --- | --- | --- | | 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 第六届董事会第四十三次会议决议公告 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"）第六届董事会第四十三次 会议于 2025 年 4 月 15 日以现场结合通讯方式召开，会议于 2025 年 4 月 5 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。 二、董事会会议审议情况 （一）审议通过《2024 年度董事会工作报告》 公司全体董事总结了 2024 年度董事会的工作情况，并编写了《2024 年度董 事会工 ...

| 证券代码：603501 | 证券简称：韦尔股份 | 公告编号：2025-026 | | --- | --- | --- | | 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 2024 年度利润分配预案的公告 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： 每 10 股派发现金红利 2.20 元（含税）。 本次利润分配拟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，拟维持每股分配金额不变，相应 调整分配总额，并将在相关公告中披露。 公司不存在触及《上海证券交易所股票上市规则》第 9.8.1 条第一款第（八） 项规定的可能被实施其他风险警示的情形。 本次 2024 年度利润分配预案已经公司第六届董事会第四十三次会议、第 六届监事会第三十二次会议审议通过，尚需提交公司 2024 年年度股东大会审议。 一、公司 2024 年度利润分配预案 （一）2024 ...

关于变更 2024 年回购股份用途并注销的公告 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。 | 证券代码：603501 | 证券简称：韦尔股份 | 公告编号：2025-031 | | --- | --- | --- | | 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 重要内容提示： 变更回购股份的用途：变更为"用于注销并减少注册资本"。 本次变更回购股份用途后，公司 2024 年股份回购方案回购的全部 11,213,200 股 股 份 将 被 注 销 ， 公 司 总 股 本 将 由 1,216,948,288 股 减 少 至 1,205,735,088 股，拟注销股份数占公司目前总股本的比例为 0.92%。 本事项尚需提交至公司股东大会审议。 上海韦尔半导体股份有限公司（以下简称"公司"）于 2025 年 4 月 15 日召开 第六届董事会第四十三次会议，审议通过了《关于变更 2024 年回购股份用途并 注销的议案》。现将相关内容公告如下： 一、回购股份的基本情况及实施情况 （一）为 ...

| 证券代码：603501 | 证券简称：韦尔股份 | 公告编号：2025-030 | | --- | --- | --- | | 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 关于注销部分激励对象已获授但不符合行权条件的 4、2023 年 4 月 7 日，公司召开第六届董事会第十四次会议、第六届监事会 第十二次会议审议通过了《关于注销部分激励对象已获授但尚未行权的股票期权 的议案》，同意将激励对象第一期已获授但不符合行权条件的股票期权由公司注 销。 5、2024 年 4 月 26 日，公司召开第六届董事会第三十二次会议、第六届监 事会第二十三次会议审议通过了《关于注销部分激励对象已获授但不符合行权条 件的股票期权的议案》，同意将激励对象第二期已获授但不符合行权条件的股票 期权由公司注销。 6、2025 年 4 月 15 日，公司召开第六届董事会第四十三次会议、第六届监 事会第三十二次会议审议通过了《关于注销部分激励对象已获授但不符合行权条 件的股票期权的议案》，同意将激励对象第三期已获授但不符合行权条件的股票 期权由公司注销。 股票期权的公告 本公司董事会及全体董事保证 ...

上海韦尔半导体股份有限公司 内部控制审计报告 二〇二四年度 您可使用手机"扫一扫"或进入"注册会计师行业统一监管平台（http://xc.m0f.gov.cn）"进"维修" 您可使用手机"扫一扫"或进入"注册会计师行业统一监管平台（http://xc.mvf.jpgs.gd）"进"红" , 立信会计师事务所(特殊普通合伙) CHINA SHU LUN PAN CERTIFIED PUBLIC ACCOUNTANTS 内部控制审计报告 信会师报字[2025]第 ZA10909 号 上海韦尔半导体股份有限公司全体股东: 按照《企业内部控制审计指引》及中国注册会计师执业准则的相 关要求,我们审计了上海韦尔半导体股份有限公司(以下简称"韦尔 股份")2024年12月31日的财务报告内部控制的有效性。 一、企业对内部控制的责任 按照《企业内部控制基本规范》、《企业内部控制应用指引》、《企 业内部控制评价指引》的规定,建立健全和有效实施内部控制,并评 价其有效性是韦尔股份董事会的责任。 二、注册会计师的责任 我们的责任是在实施审计工作的基础上,对财务报告内部控制的 有效性发表审计意见,并对注意到的非财务报告内部控制的重大 ...