证券代码：603893 证券简称：瑞芯微 公告编号：2024-072 瑞芯微电子股份有限公司 利润分配预案公告 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个别及连带责任。 重要内容提示： 每股分配比例：每 10 股派发现金红利 2.50 元（含税） 本次利润分配以实施权益分派股权登记日登记的总股本为基数，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若公司总股本发生变动的，拟维持每 股分配比例不变，相应调整分配总额，并将另行公告具体调整情况。 1 在实施权益分派的股权登记日前若公司总股本发生变动的，拟维持每股分配 比例不变，相应调整分配总额，并将另行公告具体调整情况。 本次利润分配预案尚需提交公司 2024 年第二次临时股东大会审议。 二、公司履行的决策程序 （一）董事会会议的召开、审议和表决情况 2024 年 12 月 13 日，公司召开第三届董事会第三十五次会议，审议通过《关 于<利润分配预案>的议案》，并同意将本议案提交公司股东大会审议。本方案符 合《公司章程》规定的利润分配政策。 一、利润分配预案内容 ...

瑞芯微电子股份有限公司 独立董事提名人声明与承诺 提名人瑞芯微电子股份有限公司董事会,现提名乔政为瑞芯微电子股份有 限公司第四届董事会独立董事候选人,并已充分了解被提名人职业、学历、职 称、详细的工作经历、全部兼职、有无重大失信等不良记录等情况。被提名人 已同意出任瑞芯微电子股份有限公司第四届董事会独立董事候选人（参见该独 立董事候选人声明)。提名人认为,被提名人具备独立董事任职资格,与瑞芯微 电子股份有限公司之间不存在任何影响其独立性的关系,具体声明并承诺如下; 一、被提名人具备上市公司运作的基本知识,熟悉相关法律、行政法规、 规章及其他规范性文件,具有5年以上法律、经济、会计、财务、管理或者其 他履行独立董事职责所必需的工作经验。 被提名人已经参加培训并取得证券交易所认可的相关培训证明材料。 二、被提名人任职资格符合下列法律、行政法规和部门规章的要求; (一)《中华人民共和国公司法》关于董事任职资格的规定; (二)《中华人民共和国公务员法》关于公务员兼任职务的规定(如适用); (三)中国证监会《上市公司独立董事管理办法》、上海证券交易所自律监 管规则以及公司章程有关独立董事任职资格和条件的相关规定: (四 ...

Group 1: Company Overview - The company, Rockchip Electronics Co., Ltd., introduced its basic information, main business, and AIoT development characteristics during the investor relations activity [4] - The company has a strong focus on R&D, continuously launching new products such as RK3588, RK3576, RK3562, and others [5] Group 2: Financial Performance - In Q3 2024, the company achieved a revenue of 911 million CNY, representing a year-on-year growth of 51.36% and a quarter-on-quarter growth of 29.12%, marking a new quarterly revenue high [4] - Net profit for Q3 2024 reached 169 million CNY, with a year-on-year increase of 221.68% and a quarter-on-quarter increase of 46.75% [4] Group 3: Market Demand and Product Development - The company anticipates better market demand in Q4, as the electronic industry typically performs better in the second half of the year [5] - The flagship product RK3588 is positioned as one of the highest-level products in the domestic market, featuring a CPU architecture of 4 Cortex-A76 and 4 Cortex-A55 cores, and a self-developed NPU with 6 TOPs [5] Group 4: Inventory and Supply Chain Management - As of the end of Q3, the company's inventory stood at 926 million CNY, having decreased for five consecutive quarters and is currently at a normal level [6] - The company plans to manage inventory flexibly based on operational needs [6] Group 5: Developer Ecosystem - The company is actively building and improving its open-source community, providing developers with technical resources and a platform for experience exchange [6] - Annual developer conferences and various technical forums are held to enhance interaction with customers and developers [6] Group 6: Impact of External Factors - The company is monitoring international policy changes, particularly regarding export tariffs, but has not yet seen significant impacts from these developments [7]

本次注销股票期权事项不影响公司股本结构，不会对公司的财务状况和经营 成果产生实质性影响，且不影响公司 2022 年股票期权与限制性股票激励计划、 2022 年第二期股票期权与限制性股票激励计划及 2024 年股票期权与限制性股票 激励计划的继续实施。 特此公告。 瑞芯微电子股份有限公司董事会 2024 年 11 月 6 日 1 关于部分股票期权注销完成的公告 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。 瑞芯微电子股份有限公司（以下简称"公司"）于近日在中国证券登记结算 有限责任公司上海分公司办理完毕 31,500 份股票期权注销事宜。 上述股票期权注销相关议案已经公司第三届董事会第三十四次会议和第三 届监事会第三十二次会议审议通过。具体内容详见公司于《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） 披露的《瑞芯微电子股份有限公司关于注销部分股票期权的公告》（公告编号： 2024-067）。 证券代码：603893 证券简称：瑞芯微 公告编号：2024-068 ...

Group 1: Company Performance - The company's revenue for Q3 2024 reached 911 million CNY, representing a year-on-year growth of 51.36% and a quarter-on-quarter growth of 29.12%, achieving a record high for a single quarter [1] - Net profit for Q3 2024 was 169 million CNY, showing a year-on-year increase of 221.68% and a quarter-on-quarter increase of 46.75% [1] Group 2: Product Development and Market Strategy - The growth in Q3 was primarily driven by the existing AIoT SoC chip layout, with the RK3588 series as the flagship product, enhancing market share across various AIoT product lines [2] - New products such as RK3576, RK2118, and RV1103B are in the rapid introduction phase with key customers, indicating potential for future value release [2] - The company plans to continue launching AIoT SoC chips that meet performance and computing power needs, with a focus on AI computing co-processors expected to be released next year [2] Group 3: Market Focus and Future Goals - The automotive electronics sector is a key development area for the company, with plans to become a leading domestic SoC provider in this field [2] - The company has seen rapid growth in automotive electronics products in the first three quarters of the year [2] Group 4: Financial Management and Profitability - The company's gross margin is expected to continue increasing quarter-on-quarter, supported by product structure adjustments and supply chain management [3] - The company maintains strong R&D investment, which is expected to lead to a natural decrease in expense ratios as revenue scales up, thereby enhancing net profit margins [3] Group 5: Strategic Planning - The company is closely monitoring potential investment and acquisition opportunities that align with its strategic development and market changes [3]

瑞芯微（603893.SH） 半导体 证券研究报告/公司点评报告 2024 年 10 月 28 日 Q3 收入再创新高，端侧 AI 有望带动量价齐升 | --- | --- | --- | --- | --- | --- | --- | --- | |-----------------------------------------------|-----------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...

财联社财经通讯社打开APP18:00:50【瑞芯微：目前最新制程的旗舰芯片处于前期设计阶段】财联社10 月28日电，瑞芯微高级副总裁李诗勤在今日举行的2024年第三季度业绩说明会上表示：公司在研的算力 芯片在研发阶段；最新制程的旗舰芯片，目前处于前期设计阶段，考虑到芯片的复杂性和客户需求的多 样性，在前期阶段会投入比较多的时间，目前均进展顺利。 （财联社记者 陆婷婷）半导体芯片算力算力芯片财联社声明：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。 2024-10-28 18:00:5048145 阅读商务合作发送 ...

Group 1: Financial Performance - In Q3 2024, the company achieved a revenue of 911 million yuan, representing a year-on-year increase of 51.36% and a quarter-on-quarter increase of 29.12%, setting a new record for quarterly revenue [2] - Net profit for Q3 2024 reached 169 million yuan, with a year-on-year growth of 221.68% and a quarter-on-quarter growth of 46.75% [2] - The company is confident in achieving a historical high in annual revenue for 2024, building on the record quarterly performance [2] Group 2: Product Development and Market Expansion - The company launched several new products in 2024, including the RK3576, RK2118, and RV1103B, which have been adopted by leading clients in various sectors such as AIoT, automotive, and industrial applications [1][2] - The RK3588 series serves as the flagship product, enhancing the company's market share in AIoT across multiple product lines, particularly in automotive electronics and industrial applications [2][3] - The RK3506J, a new entry-level industrial processor, is currently in the promotion phase and is expected to enhance the company's penetration in the industrial sector [2][4] Group 3: Market Trends and Competitive Landscape - The automotive electronics sector is identified as a key growth area, with the company focusing on smart cockpit, dashboard, and in-car audio products [3] - The company has a diverse product lineup in the AIoT field, positioning itself as one of the most comprehensive vendors in the domestic market, catering to various customer needs [3] - Despite competition in the automotive sector, the company’s RK3588M is noted for its superior performance, enabling it to compete effectively against international products [3] Group 4: Inventory and Supply Chain Management - As of the end of Q3 2024, the company's inventory stood at 926 million yuan, having decreased for five consecutive quarters [3] - The company plans to maintain strategic inventory levels to ensure supply chain security amid complex international conditions [3] Group 5: Future Outlook and Strategic Plans - The company is actively monitoring international policy changes, including potential tariff increases on chip products, but has not yet seen significant impacts on operations [3] - There are ongoing considerations for strategic investments and acquisitions to enhance the company's growth trajectory [4]

Investment Rating - Buy rating maintained for Rockchip Microelectronics (603893) [2] Core Views - Strong recovery in performance with new products expected to drive growth [2] - Downstream demand has fully rebounded, with potential for further improvement in gross margin [3] - New products are rapidly gaining market share, with multiple product lines expected to see increased market penetration [3] Financial Performance - Revenue for the first three quarters of 2024 reached 2.16 billion yuan, a year-on-year increase of 48.47% [2] - Net profit attributable to the parent company for the first three quarters of 2024 was 352 million yuan, a year-on-year increase of 354.90% [2] - Q3 2024 revenue was 911 million yuan, a year-on-year increase of 51.36%, and a quarter-on-quarter increase of 29.12% [2] - Q3 2024 net profit attributable to the parent company was 169 million yuan, a year-on-year increase of 221.68%, and a quarter-on-quarter increase of 46.75% [2] - Gross margin for Q3 2024 was 37.34%, up 1.26 percentage points year-on-year and 0.48 percentage points quarter-on-quarter [3] - Net profit margin for Q3 2024 was 18.54%, up 9.82 percentage points year-on-year and 2.23 percentage points quarter-on-quarter [3] Market and Product Analysis - Downstream demand recovery is evident in automotive electronics, industrial, and consumer markets, driven by AIoT demand [3] - New products such as RK3576, RK2118, and RV1103B are being rapidly adopted by leading customers in target markets [3] - RK3576 has been introduced to leading customers in target scenarios, while RK2118 is undergoing testing with leading automotive companies and collaborating with top audio manufacturers [3] - The company's "Goose Formation Strategy" with RK3588 series as the flagship has enabled it to serve diverse market needs, with further market share growth expected in AIoT product lines [3] Financial Projections - Revenue for 2024-2026 is projected to be 3.219 billion yuan, 4.225 billion yuan, and 5.323 billion yuan, respectively [4] - Net profit attributable to the parent company for 2024-2026 is projected to be 537 million yuan, 796 million yuan, and 1.086 billion yuan, respectively [4] - EPS for 2024-2026 is projected to be 1.28 yuan, 1.90 yuan, and 2.60 yuan, respectively [5] - PE ratios for 2024-2026 are projected to be 70x, 47x, and 35x, respectively [4] Valuation Metrics - Current PE ratio is 281.34 [1] - PB ratio for 2024-2026 is projected to be 10.05x, 8.29x, and 6.69x, respectively [5] - EV/EBITDA for 2024-2026 is projected to be 78.23x, 50.26x, and 35.34x, respectively [5]

Investment Rating - The investment rating for the company is maintained as "Buy" with a target price of RMB 106.10 [4][7]. Core Insights - The company achieved a record high revenue of RMB 911 million in Q3 2024, representing a year-over-year increase of 51.36% and a quarter-over-quarter increase of 29.12%. The net profit attributable to the parent company was RMB 169 million, up 221.68% year-over-year and 46.75% quarter-over-quarter, slightly exceeding the forecasted median of RMB 163 million [4][5]. - The growth is attributed to the company's increasing market share in the AIoT sector, particularly in automotive electronics and various industrial and consumer markets. The third quarter is traditionally a peak season for the industry, contributing to the revenue surge [4][5]. - The gross margin for Q3 2024 reached 37.34%, an increase of 1.26 percentage points year-over-year and 0.48 percentage points quarter-over-quarter, driven by cost optimization and a higher proportion of mid-to-high-end products [5][6]. Summary by Sections Financial Performance - Q3 2024 revenue was RMB 911 million, with a year-over-year growth of 51.36% and a quarter-over-quarter growth of 29.12%. The net profit was RMB 169 million, reflecting a year-over-year increase of 221.68% [4][5]. - The company’s gross margin improved to 37.34%, benefiting from cost management and product mix enhancement [5][6]. Market Outlook - For Q4 2024, a seasonal fluctuation in consumer revenue is anticipated, but the company has diversified its market presence across multiple sectors, which should help mitigate these effects. The gross margin is expected to remain stable in the long term due to ongoing trends towards high-end products [6][7]. - The company has established a new marketing system focused on product lines, particularly the RK3588 series, to cater to various market needs, including automotive electronics and AIoT applications [6][7]. Revenue and Profit Forecast - Revenue forecasts for 2024-2026 have been revised upwards to RMB 30.74 billion, RMB 39.20 billion, and RMB 48.06 billion, respectively. Net profit forecasts have also been increased to RMB 5.03 billion, RMB 7.27 billion, and RMB 10 billion for the same period [7][8].