证券代码：603929 证券简称：亚翔集成 公告编号：2024-037 亚翔系统集成科技（苏州）股份有限公司 ●重要内容提示： 1.拟聘任的会计师事务所名称：容诚会计师事务所（特殊普通合伙）（简 称"容诚所"） 2.原聘任的会计师事务所名称：大华会计师事务所（特殊普通合伙）（简 称"大华所"） 3.变更会计师事务所的简要原因及前任会计师的异议情况：鉴于大华所被 暂停从事证券服务业务 6 个月，为确保亚翔系统集成科技（苏州）股份有限 公司（简称"公司"）2024 年度财务报告审计、内部控制审计工作顺利开展， 公司拟变更会计师事务所。公司就本次变更事项与大华所进行了充分沟通， 大华所对变更事项无异议。 一、拟聘任会计师事务所的基本情况 （一）机构信息 1、基本信息 容诚会计师事务所（特殊普通合伙）由原华普天健会计师事务所（特殊 普通合伙）更名而来，初始成立于 1988 年 8 月，2013 年 12 月 10 日改制为特 殊普通合伙企业，是国内最早获准从事证券服务业务的会计师事务所之一， 长期从事证券服务业务。注册地址为北京市西城区阜成门外大街 22 号 1 幢外 经贸大厦 901-22 至 901-26，首席合 ...

2024 年第二次临时股东大会 召开的日期时间：2024 年 11 月 15 日 13 点 30 分 召开地点：苏州工业园区方达街 33 号公司会议室 股东大会召开日期：2024年11月15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 (二) 股东大会召集人：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 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 证券代码：603929 证券简称：亚翔集成 公告编号：2024-038 亚翔系统集成科技（苏州）股份有限公司 关于召开 2024 年第二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。 (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投票系统 网络投票起止时间：自 2024 年 11 月 15 日 至 2024 年 11 月 15 日 采用上海证券交易所网络投票系统，通过交易系统投票平台的投 ...

Investment Rating - The report maintains a **Buy** rating for Yaxing Integration (603929 SH) [2] Core Views - Yaxing Integration's performance in 2024 is significantly driven by the United Microelectronics Corporation (UMC) project in Singapore, with strong revenue and profit growth expected [2] - The company's revenue for the first three quarters of 2024 is projected to be between 4 28 52 million and 4 55 026 million yuan, a year-on-year increase of 136 01% to 150 61% [2] - Net profit attributable to shareholders is expected to range from 421 493 million to 456 617 million yuan, representing a year-on-year growth of 84 44% to 99 80% [2] - The UMC project in Singapore has contributed significantly to the company's performance, with the Singapore subsidiary generating 1 192 billion yuan in revenue in the first half of 2024 [2] - The company has secured a VSMC order worth 630 million yuan, with the project expected to last until September 2027, and there is potential for further orders [2] - Singapore's semiconductor industry is experiencing increased investment, with capital expenditures expected to exceed 10 billion USD in 2024, benefiting Yaxing Integration [3] - The company has established long-term partnerships with major domestic semiconductor players, including Xiamen Lianxin, SMIC, Hefei Changxin, and others, positioning it well for future growth [3] Financial Performance and Projections - Revenue is projected to grow from 3 201 billion yuan in 2023 to 6 304 billion yuan in 2026 [8] - Net profit attributable to shareholders is expected to increase from 287 million yuan in 2023 to 508 million yuan in 2026 [8] - Earnings per share (EPS) are forecasted to rise from 1 34 yuan in 2023 to 2 38 yuan in 2026 [8] - The company's gross margin is expected to remain stable at around 13% from 2024 to 2026 [8] - Operating cash flow is projected to fluctuate, with 93 million yuan in 2024, 549 million yuan in 2025, and 527 million yuan in 2026 [8] Industry Context - Singapore's semiconductor industry accounts for approximately 5% of global wafer fab capacity and 20% of global semiconductor equipment production [3] - The country aims for a 50% growth in its manufacturing sector over the next decade, with significant investments in the semiconductor industry [3] - Yaxing Integration is well-positioned to benefit from both domestic and international semiconductor capital expenditure expansions, particularly in advanced process technologies [3]

Financial Performance Expectations - The company expects to achieve operating revenue of between 4,550.26 million and 4,285.20 million CNY for the first three quarters of 2024, representing a year-on-year increase of 150.61% to 136.01%[2] - The estimated net profit attributable to shareholders for the first three quarters of 2024 is projected to be between 456.62 million and 421.49 million CNY, reflecting a year-on-year growth of 99.80% to 84.44%[2] - The net profit attributable to shareholders after deducting non-recurring gains and losses is expected to be between 455.30 million and 420.18 million CNY, indicating a year-on-year increase of 100.53% to 85.06%[2] - The net profit for the same period last year was 228.53 million CNY, with a net profit of 227.05 million CNY after deducting non-recurring gains and losses[4] Revenue Drivers - The significant revenue increase is attributed to the ongoing Singapore UMC project and other construction projects, which have contributed substantially to the company's performance[5] Forecast Disclaimer - The company emphasizes that the above forecasts are preliminary and subject to final confirmation in the official Q3 2024 report[6]

一、 业主信息 VisionPower Semiconductor Manufacturing Company Pte. Ltd.（VSMC） 为世界先进积体电路股份有限公司与恩智浦半导体（NXP Semiconductors N.V.）在新加坡共同成立的合资公司。 证券代码：603929 证券简称：亚翔集成 公告编号：2024-032 亚翔系统集成科技（苏州）股份有限公司 关于分公司重大项目中标的公告 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。 亚翔系统集成科技（苏州）股份有限公司新加坡分公司（以下简称"亚翔 新加坡分公司"）于近日收到VisionPower Semiconductor Manufacturing Company Pte.Ltd.发来的订单，确认亚翔新加坡分公司成为VisionPower Semiconductor Manufacturing Company Pte.Ltd.的MEP工程承包单位。现将 相关情况公告如下： 本项目的顺利实施将有助于提高公司在海外工程的业务承接能力，为公 司后续国际工 ...

证券代码：603929 证券简称：亚翔集成 公告编号：2024-031 亚翔系统集成科技（苏州）股份有限公司 关于 2024 年半年度业绩说明会召开情况的公告 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。 重要内容提示： 亚翔系统集成科技（苏州）股份有限公司（以下简称"公司"或"亚翔 集成"）于 2024 年 8 月 15 日（星期四）10:00 ~ 11:00，通过网络平台在线 交流（上海证券报·中国证券网 https://roadshow.cnstock.com/）召开了公 司 2024 年半年度业绩说明会，就投资者关注的问题进行了沟通和交流。 一、 本次业绩说明会情况 2024 年 8 月 6 日，本公司披露了《亚翔集成关于召开 2024 年半年度业绩 说明会的公告》（公告编号：2024-030）。公司 2024 年半年度业绩说明会于 2024 年 8 月 15 日 10:00 ~ 11:00 通过网络平台在线交流（上海证券报·中国 证券网 https://roadshow.cnstock.com/）召开。董事 ...

Summary of Conference Call Company/Industry Involved - The conference call pertains to Changjiang Securities Research Institute Core Points and Arguments - The conference call is exclusively for whitelist clients of Changjiang Securities Research Institute, and any unauthorized disclosure or reproduction of the content is prohibited [1] Other Important but Possibly Overlooked Content - Changjiang Securities reserves the right to pursue legal responsibility for any unauthorized actions taken by individuals or institutions regarding the content of the conference call [1]

Investment Rating - The report assigns a "Buy" rating to the company, with a first-time coverage [4] Core Views - The company is a leader in the cleanroom engineering sector, with a strong presence in both domestic and international markets, particularly in Singapore [4] - The company benefits from the domestic semiconductor substitution wave and the ongoing semiconductor industry transfer to Southeast Asia, which opens up significant growth opportunities for the cleanroom industry [4] - The company has a strong competitive advantage in technology and customer relationships, which are key to its success in the high-end cleanroom market [4] Company Overview - The company is one of the earliest domestic players in large-scale semiconductor cleanroom engineering, with a focus on the semiconductor market in the electronics industry [4] - The company's largest shareholder is a Taiwanese enterprise with over 30 years of experience in cleanroom engineering, and the controlling shareholders hold 54 74% of the company's shares [4] - In 2023, the company achieved revenue of 3 201 billion yuan, a year-on-year increase of 5 33%, and net profit attributable to shareholders of 287 million yuan, with cleanroom system integration accounting for 94 31% of total revenue [4] Industry Trends - The domestic semiconductor industry is experiencing rapid growth due to policy support, with the "14th Five-Year Plan" aiming for a 70% self-sufficiency rate in chips by 2025 [4] - Singapore is increasing its investment in the semiconductor industry, with capital expenditure expected to exceed 10 billion USD in 2024, driven by the global semiconductor industry's shift towards Southeast Asia [4] - The cleanroom industry is expected to benefit from the growth of the semiconductor industry, with the domestic market size reaching 268 6 billion yuan in 2023, a year-on-year increase of 11 59% [78] Competitive Advantages - The company has a strong technological edge, with 92 valid patents as of 2023, far exceeding its peers [4] - The company offers EPCO (Engineering, Procurement, Construction, and Operation) services, providing a one-stop solution for cleanroom system integration, which enhances its value proposition [4] - The company has leveraged its parent company's customer relationships to secure major orders from leading semiconductor companies such as UMC and TSMC, particularly in the Singapore market [4] Financial Performance - The company's revenue and net profit have shown strong growth, with a CAGR of 14 39% and 29 73% respectively from 2019 to 2023 [59] - In 2023, the company's cleanroom system integration business accounted for 94 32% of total revenue, with a gross margin of 13 62% [63] - The company's overseas business, particularly in Singapore, has shown significant growth, with revenue from Singapore reaching 1 414 billion yuan in 2023, accounting for 44 17% of total revenue [65] Future Outlook - The company is expected to benefit from the continued growth of the domestic semiconductor industry and the expansion of its operations in Singapore, with projected net profits of 409 million yuan, 451 million yuan, and 508 million yuan for 2024-2026 [5] - The company's strong order backlog, including a major order from UMC in Singapore, is expected to support its revenue and profit growth in the coming years [68] Market Position - The company holds a 7 51% market share in the domestic semiconductor cleanroom engineering market, placing it in the first tier of the industry [4] - The company's market position is further strengthened by its strong customer relationships and technological capabilities, which have enabled it to secure high-value projects in both domestic and international markets [4]

证券代码：603929 证券简称：亚翔集成 公告编号：2024-030 亚翔系统集成科技（苏州）股份有限公司 关于召开 2024 年半年度业绩说明会的公告 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。 重要内容提示： 一、业绩说明会类型 为便于广大投资者更加全面深入了解公司经营情况，公司将通过网络平台 在线交流的方式举行 2024 年半年度业绩说明会（以下简称"说明会"）。届 时将针对公司发展的经营业绩等投资者关心的问题与广大投资者进行交流和 沟通，同时广泛听取投资者的意见和建议。 会议召开时间：2024 年 8 月 15 日（周四）上午 10:00-11:00 会议召开方式：网络平台在线交流 上海证券报·中国证券网 https://roadshow.cnstock.com/ 投资者可于 2024 年 8 月 12 日（周一）23:59 前将相关问题通过电子 邮件的形式发送至本公司投资者关系邮箱 ：QJB@lkeng.com.cn 。本 公司将会于 2024 年半年度业绩说明会上对投资者普遍关注的问题进行 回答。 三 ...

Investment Rating - The investment rating for the company is "Outperform the Market" [1][12][14] Core Views - The company has shown strong progress in ongoing projects, with significant revenue and profit growth. In the first half of 2024, the company achieved operating revenue of 2.85 billion yuan, a year-on-year increase of 206%, and a net profit attributable to shareholders of 237 million yuan, also up 205% year-on-year [1][4][7] - The company is expected to accelerate revenue recognition in the second half of the year, driven by major overseas projects, particularly the Singapore wafer fab project, which contributed 1.19 billion yuan in revenue in the first half of 2024, accounting for 42% of total revenue and 68% of net profit [1][7][8] - The company has seen a significant increase in new orders, with a total of 5.39 billion yuan in new contracts signed in 2023, a year-on-year increase of 199%, indicating strong domestic revenue growth [1][7][8] Summary by Relevant Sections Financial Performance - In the first half of 2024, the company reported operating revenue of 2.85 billion yuan, a 206% increase year-on-year, and a net profit of 237 million yuan, up 205% year-on-year. The second quarter alone saw revenue of 1.75 billion yuan, a 188.3% increase year-on-year and a 60% increase quarter-on-quarter [1][4][7] - The gross margin for the first half of 2024 was 11.0%, down 2.9 percentage points year-on-year, while the net margin was 8.3%, up 0.4 percentage points year-on-year [1][8][12] Cash Flow - The company maintained a strong cash inflow, with a net cash flow from operating activities of 1.159 billion yuan in the first half of 2024, a year-on-year increase of 41.9%. The cash collection ratio was 131%, indicating a healthy cash flow position [1][8][12] Profit Forecast - The company is expected to maintain its profit forecast, with projected net profits attributable to shareholders of 574 million yuan, 568 million yuan, and 607 million yuan for 2024, 2025, and 2026 respectively, reflecting a growth trajectory supported by strong demand in the semiconductor cleanroom engineering sector [1][12][14]