Group 1: Company Upgrades and Developments - The company has established a dedicated automotive-grade production line [3] - A CNAS laboratory has been built to enhance testing capabilities [3] - The number of automotive-grade product part numbers has exceeded 1,000 and continues to be developed [3] - Production capacity for series products like oscillators and RTC has doubled [3] - A new research lab for active modules has been established to quickly adapt to IC version updates [3] - The photolithography production line has improved quality and increased capacity for smaller, higher frequency products [3] Group 2: Domestic Substitution and Market Demand - The company has advanced technology for producing high-frequency and miniaturized oscillators, enhancing innovation capabilities [4] - The automotive-grade production line meets the domestic demand for smart vehicles [4] - The company is capturing high-end oscillator domestic substitution opportunities, closely aligning with downstream manufacturing industries [4] - The mobile phone market is experiencing a resurgence, driven by innovations in AI terminal functions [5] - The module market is seeing increased demand for high-frequency and sensitive TXCO products due to the growth of 5G and Wi-Fi modules [5] Group 3: Production Capacity and Revenue - The company's production capacity is gradually recovering, with quarterly increases in utilization rates [6] - The revenue from automotive-grade products has seen year-on-year growth, with over 1,000 part numbers developed [6] - The company anticipates a gradual recovery in gross profit margins due to rising utilization rates and stable pricing [6] Group 4: Market Environment and Future Outlook - The market environment is improving, with a gradual recovery in demand for passive components driven by the smartphone and AI sectors [7] - The quartz crystal frequency component industry is shifting towards smaller, higher frequency, and more reliable products [7] - The company is positioned to benefit from technological advancements and product innovation, leading to increased market opportunities [7]

Investment Rating - The report maintains a "Buy" rating for the company, expecting a stock price increase of over 15% relative to the industry index within the next six months [10]. Core Views - The company achieved a steady growth in net profit in H1 2024, with a year-on-year increase of 21.88%, driven by technological innovation and product diversification [2][3]. - The gross margin for H1 2024 was 25.22%, up by 1.03 percentage points year-on-year, indicating an improvement in profitability [2]. - The company has successfully developed over 1,000 product models, including high-precision TCXO and OCXO series, which are essential for automotive applications [3]. - The global market for new energy vehicles is projected to grow significantly, providing a substantial opportunity for the company's automotive business [2][3]. Financial Summary - In H1 2024, the company reported revenue of 393 million yuan, a year-on-year increase of 1.98%, and a net profit of 57 million yuan, reflecting a growth of 21.88% [1][2]. - The company's revenue is expected to grow from 875 million yuan in 2024E to 1,300 million yuan in 2026E, with a compound annual growth rate (CAGR) of approximately 20.7% [1][6]. - The projected net profit for 2024E is 125 million yuan, increasing to 220 million yuan by 2026E [1][6]. Product Development and Market Position - The company has enhanced its R&D capabilities, focusing on high-end products and optimizing production processes to meet the growing demand in the automotive sector [2][3]. - The automotive electronics market is expanding due to trends in vehicle intelligence, electrification, and connectivity, which increases the demand for high-grade crystal oscillators [3]. - The company has established partnerships with several major automotive manufacturers and Tier 1 suppliers, positioning itself well in the market [3].

Financial Performance - The company achieved a revenue of 393 million yuan in the first half of 2024, representing a year-on-year growth of 1.98% [2][3] - The net profit attributable to the parent company was 57.39 million yuan, showing a year-on-year increase of 21.88% [3] - In Q2 2024, the main products generated a revenue increase of 16% quarter-on-quarter, with a non-recurring net profit growth of 22% [3] Business Development - The company is focusing on semiconductor lithography technology development and industrialization, particularly in high-frequency and ultra-small size products [4] - The production capacity for active products has rapidly increased following expansion, with a dedicated R&D lab established for active modules [4] - The company has developed over 1,000 vehicle-grade product models, with a focus on customized solutions for automotive applications [8][9] Market Trends - The demand for quartz crystal oscillators is expected to grow due to the rise in smartphone and AI applications, leading to an overall increase in the crystal oscillator industry's operational rates [3] - The company is enhancing its product structure by increasing the capacity for active and temperature-compensated products, aiming to improve overall product compatibility [5] - The market is shifting towards technology-driven competition, with high-end product industrialization becoming a new focus for industry growth [5] Future Outlook - The company plans to maintain its market share and sales volume while enhancing delivery capabilities, particularly in the kHz product segment [5] - There is an expectation for gradual recovery in gross profit margins as operational rates improve and customer demand increases in Q4 2024 [8] - The company is strategically investing in a specialized fund with a contribution of 10 million yuan, focusing on Ethernet switch chip-related enterprises [6][7] Production Capacity - The company has increased its small-size in-line production capacity by 30 million units per month, with plans for further capacity enhancements [9] - The production capacity for TC products has been raised from 3 million to 12 million units per month, with future plans for 18 million units [9] Customer Demand - The smartphone market is seeing increased demand due to innovations in AI terminals and satellite communication features, which are expected to drive TCXO demand [9] - The module market is also experiencing growth, particularly in 5G and Wi-Fi applications, leading to increased demand for high-frequency and thermal TXCO products [9]

Financial Performance - The company achieved a revenue of 393 million yuan in the first half of 2024, representing a year-on-year growth of 1.98% [2] - The net profit attributable to the parent company was 573.9 million yuan, with a year-on-year increase of 21.88% [3] - In Q2 2024, the main products generated a revenue increase of 16% quarter-on-quarter, and the net profit grew by 22% [3] Business Development - The company is focusing on semiconductor lithography technology development and industrialization, particularly in high-frequency and ultra-small size products [4] - The production capacity for small-sized in-line products increased by 30 million units per month, while TC products' capacity rose from 3 million to 12 million units per month [9] - The company has developed over 1,000 vehicle-grade product models, with a focus on customized solutions for automotive applications [8] Market Trends - The demand for quartz crystal oscillators is driven by the smartphone, AI, and automotive sectors, with significant growth in the crystal oscillator industry [3] - The company is enhancing its product structure by increasing the capacity for active products and temperature-compensated products [5] - The market is shifting towards technology-driven competition, with a focus on product innovation rather than just cost and scale [5] Future Outlook - The company plans to continue adjusting its product structure to enhance capabilities in emerging fields such as automotive and high-frequency communication products [5] - There is an expectation for gradual recovery in gross profit margins due to improved production rates and optimized customer and product structures [8] - The company aims to strengthen its market penetration in IoT, smart terminals, and other high-value markets [5] Investment and Risk Management - The company has invested 10 million yuan in a specialized fund, holding an 18.3453% stake, targeting Ethernet switch chip-related enterprises [6] - The company maintains close interactions with key suppliers to manage the impact of raw material price increases [7] - The company is cautious in its investment approach, ensuring thorough due diligence and risk management [7]

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、回购审批情况和回购方案内容 2023 年 9 月 8 日，泰晶科技股份有限公司（以下简称"公司"）召开第四届 董事会第十七次会议，审议通过了《关于以集中竞价交易方式回购公司股份方案 的议案》。2023 年 9 月 14 日，公司在上海证券交易所网站（www.sse.com.cn）及 指定信息披露媒体披露了《关于以集中竞价交易方式回购股份的回购报告书》（公 告编号：2023-043）。本次回购股份方案的主要内容为：公司拟使用不低于人民币 5,000 万元（含）且不超过人民币 10,000 万元（含）的自有资金通过上海证券交易 所交易系统以集中竞价交易方式回购公司股份，回购价格不超过 22.48 元/股（含）。 本次回购的股份拟用于股权激励或员工持股计划。回购期限自董事会审议通过本 次回购股份方案之日起 12 个月内。具体内容详见公司分别于 2023 年 9 月 9 日和 2023 年 9 月 14 日在上海证券交易所网站（www.sse.com.cn）及指定信息披露媒体 披露的 ...

证券代码：603738 证券简称：泰晶科技 公告编号：2024-047 泰晶科技股份有限公司 关于召开 2024 年半年度业绩说明会的公告 会议召开时间：2024 年 9 月 11 日(星期三)下午 14:00-15:00 会 议 召 开 地 点 ： 上 海 证 券 交 易 所 上 证 路 演 中 心 （ 网 址 ： https://roadshow.sseinfo.com/） 会议召开方式：上证路演中心网络互动 投资者可于 2024 年 9 月 4 日(星期三)至 9 月 10 日(星期二)16:00 前登录 上 证 路 演 中 心 网 站 首 页 点 击 " 提 问 预 征 集 " 栏 目 或 通 过 公 司 邮 箱 sztkd@sztkd.com 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回 答。 泰晶科技股份有限公司（以下简称"公司"）已于 2024 年 8 月 30 日发布公 司 2024 年半年度报告，为便于广大投资者更全面深入地了解公司 2024 年半年度 经营成果、财务状况，公司计划于 2024 年 9 月 11 日下午 14:00-15:00 举行 2024 年半年度业绩说明会，就 ...

Investment Rating - The report maintains a **Buy** rating for Taijing Technology (603738 SH) with a target price range of 18 43 RMB [5][7] Core Views - Taijing Technology achieved revenue of 393 million RMB in H1 2024, a YoY increase of 1 98%, and net profit attributable to the parent company of 57 39 million RMB, a YoY increase of 21 88% [1] - The company is focusing on high-end product development, including high-frequency, high-stability, and clock oscillator products, with a gross margin of 25 22% in H1 2024, up 1 03 pct YoY [1] - Taijing Technology is accelerating its layout in high-end products such as miniaturized, ultra-high-frequency, automotive-grade oscillators, and RTC modules, with significant progress in 5G, Wi-Fi 6, and IoT applications [1] Financial Performance - Revenue for Q2 2024 was 211 million RMB, a YoY increase of 0 44%, while net profit attributable to the parent company was 26 88 million RMB, a YoY decrease of 3 87% [1] - The company's net profit margin in H1 2024 was 14 85%, up 2 31 pct YoY, with a Q2 gross margin of 25 54%, up 0 69 pct QoQ [1] - Forecasted net profit for 2024-2026 is 125 million RMB, 172 million RMB, and 209 million RMB, with YoY growth rates of 22 92%, 38 12%, and 21 70% respectively [1] Product Development and Market Strategy - Taijing Technology is enhancing its product portfolio with a focus on high-frequency and miniaturized products, targeting applications in 5G, Wi-Fi 6, and IoT [1] - The company has achieved certification for its 76 8MHz high-frequency thermal crystal resonator on Qualcomm's automotive-grade 5G platforms SA522 and SA525 [1] - Taijing Technology is strengthening its collaboration with major IoT chip platforms and expanding its presence in smart terminals and network communication applications [1] Valuation and Market Position - The current PE ratio for Taijing Technology is 41x for 2024, 30x for 2025, and 24x for 2026 [1] - The company is positioned as a leading domestic oscillator manufacturer, with a strong focus on high-end product development and market expansion [1]

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： 本关联交易事项无需提交股东大会审议。 本关联交易事项以市场价格为定价标准，不会损害公司及股东特别是中 小股东的利益，不会对关联方形成较大的依赖。 证券代码：603738 证券简称：泰晶科技 公告编号：2024-045 泰晶科技股份有限公司 关于增加 2024 年日常关联交易预计额度的公告 根据《上海证券交易所股票上市规则》等相关规定，结合泰晶科技股份有限 公司（以下简称"公司"）2024 年 1 月至 6 月关联交易实际执行情况，现需增加 2024 年日常关联交易预计额度，具体情况如下： 一、 日常关联交易基本情况 （一） 增加日常关联交易预计额度履行的审议程序 1、独立董事专门会议审议情况 在董事会会议召开前，公司独立董事于 2024 年 8 月 28 日召开了第五届董事 会独立董事专门会议第二次会议，以 3 票同意、0 票反对、0 票弃权的表决结果 审议通过了《关于增加 2024 年日常关联交易预计额度的议案》。全体独立董事认 为：公司增加 2024 年日常关 ...

证券代码：603738 证券简称：泰晶科技 公告编号：2024-044 公司 2024 年半年度报告及其摘要严格按照中国证监会《公开发行证券的公 司信息披露内容与格式准则第 3 号—半年度报告的内容与格式》和《上海证券交 易所股票上市规则》等有关规定进行编制。公司 2024 年半年度报告及其摘要的 内容真实、准确、完整地反映了公司 2024 年半年度的实际运营状况，不存在任 何虚假记载、误导性陈述或者重大遗漏。 泰晶科技股份有限公司 第五届监事会第三次会议决议公告 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 泰晶科技股份有限公司（以下简称"公司"）第五届监事会第三次会议于 2024 年 8 月 28 日在公司会议室以现场会议的方式召开。召开本次监事会的会议通知 及材料已于 2024 年 8 月 19 日以邮件方式送达全体监事。本次会议由监事会主席 刘剑先生主持，应到会监事 3 名，实到 3 名。本次监事会会议的召集、召开及表 决程序符合《公司法》和《公司章程》等相关规定。 二、监事会会议审议情况 ...

Financial Performance - The company reported a total revenue of RMB 500 million for the first half of 2024, representing a 15% increase compared to the same period in 2023[10]. - The company's operating revenue for the first half of 2024 was ¥393,086,706.70, representing a 1.98% increase compared to ¥385,454,366.71 in the same period last year[16]. - Net profit attributable to shareholders was ¥57,389,938.95, a 21.88% increase from ¥47,086,612.36 year-on-year[16]. - The net profit after deducting non-recurring gains and losses was ¥43,213,481.81, up 14.26% from ¥37,820,541.08 in the previous year[16]. - Basic earnings per share increased by 25.00% to ¥0.15, compared to ¥0.12 in the same period last year[17]. - The weighted average return on net assets rose to 3.27%, an increase of 0.71 percentage points from 2.56% year-on-year[17]. - The company's operating costs increased to ¥293,958,846.90, a 0.60% rise from ¥292,205,380.27 year-on-year[40]. - The company achieved operating revenue of 393.09 million RMB in the first half of 2024, an increase of 1.98% year-on-year[36]. - The net profit attributable to shareholders reached 57.39 million RMB, reflecting a year-on-year increase of 21.88%[36]. Research and Development - Research and development expenses increased by 25% year-on-year, totaling RMB 50 million, to support innovation and new technology[10]. - The company is focusing on technological innovation and product development to enhance competitiveness in the high-end product segment[20]. - The company is undertaking a key technology research project for 6G communication, supported by its provincial key laboratory[34]. - The company has developed over 1,000 product models, focusing on automotive-grade products and covering various applications in the automotive sector[37]. - The company has received certification for its 76.8MHz high-frequency crystal resonator on Qualcomm's automotive-grade 5G platform, marking a significant achievement in mainstream chip certification[22]. Market Expansion and Strategy - User data showed a 20% increase in active users, reaching 1 million by the end of June 2024[10]. - The company aims for a revenue growth target of 10% for the full year 2024, with a focus on expanding market share in Southeast Asia[10]. - A strategic partnership was established with a leading electronics manufacturer to enhance distribution channels and market reach[10]. - The company is actively involved in drafting national electronic industry standards, contributing to the advancement of testing methods for quartz crystal components[29]. - The company is focused on expanding its customer base and optimizing customer structure to enhance competitiveness and seize market opportunities[48]. Financial Integrity and Governance - The company has no non-operating fund occupation by controlling shareholders or related parties, ensuring financial integrity[4]. - There were no significant changes in the company's stock structure during the reporting period, maintaining stability for investors[14]. - The board of directors confirmed the accuracy and completeness of the financial report, with no major omissions or misleading statements[2]. - The company held its first extraordinary shareholders' meeting on January 4, 2024, to discuss governance matters[49]. - The company has undergone changes in its board and management, including the appointment of new members to the supervisory board[50]. Environmental Compliance - The company’s environmental protection facilities have been operating normally and meeting discharge standards throughout the reporting period[58]. - The company has implemented strict compliance with environmental laws, ensuring stable and efficient operation of pollution control facilities[58]. - The company has established a complete set of pollution prevention facilities and continues to enhance their construction and operational management[58]. - The company has passed the ISO 14001:2015 environmental management system certification and conducts annual third-party audits[62]. - The company has implemented measures to reduce carbon emissions, including the development of small-sized low-power crystal oscillators and the installation of photovoltaic power generation systems[63]. Risks and Challenges - The company faces risks related to product quality, which could lead to returns, recalls, or claims if products do not meet performance standards[47]. - There is a risk of core technology leakage, which could negatively impact production and new product development[48]. - The company is subject to risks associated with changes in tax incentives and financial subsidy policies, which could affect its tax rate[48]. - The company acknowledges the risk of intensified industry competition, which could impact its ability to recover investments and affect profitability[48]. Shareholder Commitments - The company has committed to not reducing its shares within three years post-IPO and has specific conditions for any future share reductions[65]. - The company will implement a share buyback plan if there are false statements or omissions in the IPO prospectus[70]. - The buyback price will be determined based on the higher of the market price or the issue price, adjusted for any corporate actions[70]. - The company’s directors and senior management have committed to not transferring or managing their shares for 36 months post-IPO[67]. - Shareholders are allowed to reduce their holdings after the lock-up period, with a maximum of 25% of their total shares per year[68]. Financial Management - The company aims to enhance fundraising management and improve capital utilization efficiency through a newly established fundraising management system[72]. - The company plans to allocate raised funds to projects including MEMS-based micro crystal resonator industrialization and temperature-compensated crystal oscillator (TCXO) R&D, while also repaying bank loans and supplementing working capital[72]. - The total amount of raised funds is CNY 63,928.20 million, with a net amount after issuance costs of CNY 63,099.88 million[80]. - Cumulative investment of raised funds reached CNY 63,542.09 million, representing a completion rate of 100.70%[82]. - The company has realized benefits of CNY 3,077.57 million from the projects during the reporting period[82]. Asset Management - The total assets at the end of the reporting period were ¥2,017,851,819.90, down 1.16% from ¥2,041,617,849.56 at the end of the previous year[16]. - The company's cash and cash equivalents decreased by 37.45% to ¥144,799,372.07 from ¥231,500,147.98 year-on-year[42]. - The company's inventory increased by 32.84% to ¥210,967,208.62, up from ¥158,808,479.49 year-on-year[42]. - The total liabilities of the company were not explicitly stated but are implied to be significant given the asset values reported[90]. - The company reported a total liability of CNY 341,376,965.92 as of the end of the first half of 2024, compared to CNY 331,267,243.60 at the end of the first half of 2023, indicating a growth of 3.4%[94].