证券代码：603893 证券简称：瑞芯微 公告编号：2025-015 瑞芯微电子股份有限公司 关于召开 2025 年第一次临时股东大会的通知 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： 一、 召开会议的基本情况 (一)股东大会类型和届次 2025 年第一次临时股东大会 (二)股东大会召集人：公司董事会 (三)投票方式：本次股东大会所采用的表决方式是现场投票和网络投票相结合的 方式 (四)现场会议召开的日期、时间和地点 1 股东大会召开日期：2025年4月7日 本次股东大会采用的网络投票系统：上海证券交易所股东大会网络投票 系统 涉及融资融券、转融通业务、约定购回业务相关账户以及沪股通投资者的投 票，应按照《上海证券交易所上市公司自律监管指引第 1 号—规范运作》等有关 规定执行。 召开的日期时间：2025 年 4 月 7 日 11 点 00 分 召开地点：福建省福州市鼓楼区铜盘路软件大道 89 号软件园 A 区 20 号楼 (五)网络投票的系统、起止日期和投票时间。 网络投票系统：上海证券交易所股东大会网络 ...

证券代码：603893 证券简称：瑞芯微 公告编号：2025-013 瑞芯微电子股份有限公司 第四届监事会第二次会议决议公告 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。 经核查，监事会认为：《瑞芯微电子股份有限公司 2025 年股票期权激励计划 （草案）》及其摘要的内容符合《公司法》《证券法》《上市公司股权激励管理办 法》等有关法律、法规及规范性文件的规定，履行了相关的法定程序，有利于公 司的持续发展，不存在损害公司及全体股东利益的情形。 具体内容详见公司同日刊登于《上海证券报》《证券日报》《中国证券报》 《证券时报》及上海证券交易所网站（www.sse.com.cn）的《瑞芯微电子股份有 限公司 2025 年股票期权激励计划（草案）》及其摘要公告（公告编号：2025-014）。 表决结果：同意 3 票，反对 0 票，弃权 0 票。 本议案尚需提交公司股东大会审议。 （二）审议通过《关于<瑞芯微电子股份有限公司 2025 年股票期权激励计 划实施考核管理办法>的议案》 经核查，监事会认为：《瑞芯微电子股份有限公司 2025 ...

关于公司 2025 年股票期权激励计划相关事项的核查意见 1、公司不存在《管理办法》等法律、法规规定的禁止实施股票期权激励计 划的情形,包括:(1)最近一个会计年度财务会计报告被注册会计师出具否定意 见或者无法表示意见的审计报告;(2)最近一个会计年度财务报告内部控制被注 册会计师出具否定意见或无法表示意见的审计报告;(3)上市后最近36个月内 出现过未按法律法规、公司章程、公开承诺进行利润分配的情形;(4)法律法规 规定不得实行股权激励的;(5)中国证监会认定的其他情形。公司具备实施股票 期权激励计划的主体资格。 2、公司本次股票期权激励计划所确定的激励对象不存在下列情形:(1)最 近 12个月内被证券交易所认定为不适当人选;(2)最近 12个月内被中国证监会 及其派出机构认定为不适当人选;(3)最近 12个月内因重大违法违规行为被中 国证监会及其派出机构行政处罚或者采取市场禁入措施;(4)具有《公司法》规 定的不得担任公司董事、高级管理人员情形的;(5)法律法规规定不得参与上市 公司股权激励的;(6)中国证监会认定的其他情形。本次激励对象未包括公司的 独立董事和监事,也未包括单独或合计持有公司 5%以上股 ...

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 瑞芯微电子股份有限公司（以下简称"公司"）第四届董事会第二次会议通 知和材料于 2025 年 3 月 19 日以电子邮件等方式向全体董事、监事及高级管理人 员发出，会议于 2025 年 3 月 19 日在公司会议室以现场结合通讯会议方式召开。 会议应出席董事 5 名，实际出席董事 5 名，公司监事及高级管理人员列席了本次 会议。会议由董事长励民先生主持。本次会议的召集、召开符合有关法律、法规、 规范性文件及《公司章程》的规定，会议合法有效。 二、董事会会议审议情况 证券代码：603893 证券简称：瑞芯微 公告编号：2025-012 瑞芯微电子股份有限公司 第四届董事会第二次会议决议公告 （一）审议通过《关于<瑞芯微电子股份有限公司 2025 年股票期权激励计 划（草案）>及其摘要的议案》 为了进一步建立、健全公司长效激励机制，吸引和留住优秀人才，充分调动 公司骨干员工的积极性，有效地将股东利益、公司利益和核心团队个人利益结合 在一起，使各方共同关注公司的 ...

1、2024 年 2 月 28 日，公司分别召开第三届董事会第二十七次会议和第三 届监事会第二十五次会议，审议通过《关于<瑞芯微电子股份有限公司 2024 年股 票期权与限制性股票激励计划（草案）>及其摘要的议案》等相关议案。公司独 立董事就本次激励计划是否有利于公司的持续发展及是否存在损害公司及全体 股东利益的情形发表了独立意见。公司监事会对本次激励计划相关事项进行核实 并出具了相关核查意见。 证券代码：603893 证券简称：瑞芯微 公告编号：2025-011 瑞芯微电子股份有限公司 关于 2024 年股票期权与限制性股票激励计划 预留权益失效的公告 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个别及连带责任。 一、2024 年股票期权与限制性股票激励计划的基本情况 2、2024 年 3 月 15 日，公司召开 2024 年第一次临时股东大会，审议通过《关 于<瑞芯微电子股份有限公司 2024 年股票期权与限制性股票激励计划（草案）> 及其摘要的议案》等相关议案。 3、2024 年 3 月 15 日，公司分别召开第三届董事会第二十 ...

Investment Rating - The report maintains a "Buy" rating for the company [3][5] Core Views - The company is expected to achieve a revenue of 3.1-3.15 billion yuan in 2024, representing a year-on-year growth of 45.23%-47.57% [1] - The forecasted net profit attributable to shareholders is projected to be between 550-630 million yuan, indicating a significant year-on-year increase of 307.75%-367.06% [1] - The company is leveraging its AIoT chip "Yuanxing Fangzhen" product layout to enhance its market share across various sectors, particularly in automotive electronics, machine vision, and industrial applications [1][2] Revenue and Profit Forecast - The company is expected to achieve a net profit of 592 million yuan in 2024, with projections of 790 million yuan in 2025 and 966 million yuan in 2026, reflecting substantial growth rates of 339.06% and 33.40% respectively [3][4] - Revenue growth rates are forecasted at 45.79% for 2024, 35.77% for 2025, and 23.13% for 2026 [4] Product Development and Market Position - The company has introduced new AIoT products that benefit from the industrialization wave of AI, with chips supporting model deployment for various applications [2] - In the automotive electronics sector, the company has launched multiple projects, including the RK3588M chip for smart cockpits and RK2118M for in-car audio systems, which have been adopted by leading automotive manufacturers [3] Financial Metrics - The company’s revenue is projected to grow from 2.03 billion yuan in 2022 to 5.2 billion yuan in 2026, with a corresponding increase in net profit from 297 million yuan to 966 million yuan over the same period [4][9] - The report highlights an improvement in profitability metrics, with a forecasted gross margin of 40% in 2024 and a return on equity (ROE) of 16.51% [11]

Investment Rating - The report does not explicitly state an investment rating for the company [3]. Core Insights - Rockchip (瑞芯微) is a leading domestic SoC chip solution provider in China, with products widely used in tablets, smartphones, commercial display terminals, set-top boxes, smart homes, smart cars, and various IoT devices [4][10]. - The company has significantly benefited from the AIoT sector, particularly with its DeepSeek product, which has attracted over 300 million users and is expected to lead the edge AI application market [12][13]. - The flagship product RK3588 has been recognized for its excellent performance and is being adopted in emerging fields such as automotive smart cockpits and robotics [4][6]. Company Overview - Rockchip was founded in 2001 and has evolved through various product innovations, including significant market shares in the MP3 and MP4 sectors, and has established partnerships with major international companies [5][6]. - The company has a strong focus on innovation, particularly in AI integration, with its latest flagship product RK3588 supporting various AI capabilities [6][10]. Financial Summary - The company reported revenues of 2,030 million RMB in 2022, with projections of 3,119 million RMB for 2024 and 4,117 million RMB for 2025, indicating a growth rate of 46.1% and 32.0% respectively [15]. - Net profit is expected to rise from 135 million RMB in 2023 to 762 million RMB in 2025, reflecting a significant increase in profitability [15]. - The earnings per share are projected to grow from 0.3 RMB in 2023 to 1.8 RMB in 2025, showcasing strong financial performance [15].

Investment Rating - The report does not explicitly state an investment rating for the company [3]. Core Insights - The company, Rockchip (瑞芯微), is a leading provider of SoC chip solutions in China, with products widely used in tablets, smartphones, commercial display terminals, set-top boxes, smart homes, smart cars, and various IoT devices [4][10]. - The launch of the DeepSeek R1 inference model has significantly impacted the market, attracting over 300 million users and becoming the fastest application to reach 100 million users, surpassing previous records held by ChatGPT [12][13]. - The company is set to release its new flagship product, RK3688, in 2025, which is expected to enhance NPU computing power from 6 TOPS to 16 TOPS, supporting advanced AI applications [14]. Company Overview - Rockchip was founded in 2001 and has evolved through various product innovations, including significant market shares in the radio, MP3, and MP4 sectors [5][6]. - The company has established a strong presence in the automotive sector, with its RK3588M chip entering the supply chains of several leading domestic automotive manufacturers, achieving mass production for over 10 models [4][6]. - The company’s product lineup includes high-performance chips like RK3588, RK3568, and RK3308, catering to diverse applications from consumer electronics to industrial control [10]. Financial Summary - The company reported revenues of 2,030 million RMB in 2022, with projections of 3,119 million RMB for 2024 and 4,117 million RMB for 2025, indicating a growth rate of 46.1% and 32.0% respectively [15]. - Net profit is expected to rise from 135 million RMB in 2023 to 762 million RMB in 2025, reflecting a significant increase in profitability [15].

Group 1 - The stock of Rockchip Microelectronics (603893) reached the daily limit, with a turnover rate of 4.72% and a total transaction amount of 3.513 billion yuan, showing a price fluctuation of 15.11% [1] - According to the dragon and tiger list data, institutional investors net sold 226 million yuan, while the Shanghai Stock Connect saw a net purchase of 259 million yuan, and the total net purchase by brokerage seats amounted to 651 million yuan [1] - The Shanghai Stock Exchange's public information indicated that the stock was listed due to a daily price fluctuation of 15.11%, with institutional specialized seats net selling 226 million yuan and the Shanghai Stock Connect net buying 259 million yuan [1]

Investment Rating - The investment rating for the company is "Buy" with an expected return exceeding 10% relative to the CSI 300 index over the next six months [4][15]. Core Insights - The company is a leading player in the AIoT SoC chip market in China, leveraging over 20 years of experience in integrated circuit design, particularly in processor and mixed-signal chip design, multimedia processing, imaging algorithms, and system software development [1]. - The company aims to create a "V-shaped formation" in its chip offerings, with flagship chips leading advancements in computing power and process technology, while also developing a diverse product line across various sectors including machine vision, automotive electronics, industrial applications, and education [1]. - The launch of the DeepSeeK model has set a benchmark for AI cost-effectiveness, significantly reducing service pricing compared to competitors, which has attracted attention from major companies like Microsoft [2][3]. Financial Data and Projections - The company is projected to achieve revenues of 21.35 billion yuan in 2023, increasing to 55.56 billion yuan by 2026, with a compound annual growth rate (CAGR) of approximately 37.07% from 2024 to 2026 [9][10]. - Expected net profits for the company are forecasted to be 561.47 million yuan in 2024, 825.64 million yuan in 2025, and 1.09 billion yuan in 2026, reflecting significant growth potential [10][12]. - The company's gross margin is expected to improve from 34.25% in 2023 to 39.97% in 2026, indicating enhanced profitability [12]. Market Position and Competitive Landscape - The company has established partnerships with notable clients such as Alibaba, BYD, Baidu, and Xiaomi, which enhances its market presence and credibility in the AIoT sector [2]. - The competitive landscape is characterized by rapid advancements in AI technology, with the company focusing on expanding its product lines in automotive electronics and industrial applications to capture growth opportunities [10].