证券时报e公司讯，企查查APP显示，近日，金瑞泓昂芯微电子（嘉兴）有限公司成立，法定代表人为 凤坤，注册资本1亿元，经营范围包含：集成电路芯片及产品制造；半导体分立器件制造；电子专用材 料研发；半导体分立器件销售等。 企查查股权穿透显示，该公司由立昂微全资持股。 ...

半导体行业见底回升，这家半导体硅片供应商12英寸产品出货量逐月创出历史新高，第四季度订单环 比将进一步提升。 调研要点： ①半导体行业见底回升，这家半导体硅片供应商12英寸产品出货量逐月创出历史新高，第四季度订单 环比将进一步提升； ②风险提示：调研内容仅为机构与上市公司间的业务交流，不构成投研观点，信息以上市公司公告和分 析师公开报告为准。 立昂微于11月5日举行业绩说明会，公司6英寸抛光片（含衬底片）产能60万片/月、8英寸抛光片（含 衬底片）产能27万片/月（预计2024年12月达到57万片/月）、6-8英寸（兼容）外延片产能70万片/月 （预计2025年3月底前达到90万片/月）；衢州基地12英寸抛光片（含衬底片）产能15万片/月、12英 寸外延片产能10万片/月；嘉兴基地12英寸抛光片产能8万片/月，预计2024年年底有望达到15万片/ 月。 调研过程中，公司透露，公司12英寸硅片（抛光+衬底）目前产能利用率接近60%，产能利用率不断提 升，出货量逐月创出历史新高；8英寸硅片接近满产。半导体行业自2024年第二季度开始见底回升，订 单逐季好转，公司三个业务板块第四季度订单环比将进一步提升。 此外，立 ...

证券代码：605358 证券简称：立昂微 编号：2024-005 杭州立昂微电子股份有限公司 投资者关系活动记录表（2024 年第三季度业绩说明会） | --- | --- | --- | |--------------------------|--------------------------------|---------------------------------------------------------------------------------| | 投资者关 \n系活动类 \n别 | □ \n□ \n□ \n● 业绩说明会 □其他 | 特定对象调研 □分析师会议 \n媒体采访 □新闻发布会 \n现场参观 □电话会议 | | 参与单位 名称 | 参加公司 2024 | 年第三季度业绩说明会的投资者 | | 时间 | 2024 年 11 月 5 | 日 11： 00-12:00 | | 地点 | | 上海证券交易所上证路演中心 （网址： https://roadshow.sseinfo.com/ ） | | 上市公司 | 董事长：王敏文 | | | 接待人员 姓名 | 独立董事：吴仲时 ...

开 源 证 券 证 券 研 究 报 告 公司信息更新报告 隐证券 电子/半导体 2024Q3 环比扭亏，三大业务板块出货量稳步增长 ——公司信息更新报告 投资评级：买入（维持） 罗通（分析师） 刘天文（分析师） luotong@kysec.cn 证书编号：S0790522070002 liutianwen@kysec.cn 证书编号：S0790523110001 | --- | --- | |-------------------------|-------------| | 日期 | 2024/10/28 | | 当前股价 ( 元 ) | 26.78 | | 一年最高最低 ( 元 ) | 36.00/17.22 | | 总市值 ( 亿元 ) | 179.79 | | 流通市值 ( 亿元 ) | 179.79 | | 总股本 ( 亿股 ) | 6.71 | | 流通股本 ( 亿股 ) | 6.71 | | 近 3 个月换手率 (%) | 96.14 | 股价走势图 -60% -40% -20% 0% 20% 40% 2023-10 2024-02 2024-06 立昂微 沪深300 数据来源：聚源 相关研究报 ...

杭州立昂微电子股份有限公司 2024 年第三季度报告 单位：万元 币种：人民币 证券代码：605358 证券简称：立昂微 杭州立昂微电子股份有限公司 2024 年第三季度报告 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： 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整，不存 在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 公司负责人、主管会计工作负责人及会计机构负责人（会计主管人员）保证季度报告中财务信息 的真实、准确、完整。 第三季度财务报表是否经审计 □是 √否 一、 主要财务数据 （一） 主要会计数据和财务指标 | --- | --- | --- | --- | --- | |------------------------------------------------|-----------|---------------------------------------|-----------------|----------------------- ...

①芯片+商业航天+第三代半导体+人工智能！这家公司芯片产品已应用于国产低轨卫星并已实现规模出 货；②芯片+华为+先进封装+信创+人工智能！这家公司新款图形处理芯片目前已初步完成后端设计工 作；③鸿蒙+卫星导航+三季报预增！公司是鸿蒙生态使能合作单位。 【重点公告解读】 立昂微：公司持股5%以上股东变更名称 立昂微发布公告，公司于近日接到公司持股5%以上股东宁波泓祥和企业管理合伙企业（有限合伙）发 来的通知，告知其企业名称及其他登记信息已进行了变更，工商登记变更及相关手续已办理完毕，企业 名称由"宁波泓祥和企业管理合伙企业（有限合伙）"变更为"宁波泓祥和创业投资合伙企业（有限合 伙）"。 点评：公开资料显示，立昂微的主营业务是半导体硅片、半导体功率器件芯片、化合物半导体射频芯 片。公司的主要产品有6-12英寸半导体硅抛光片和硅外延片；6英寸肖特基芯片、6英寸FRD（快恢复 二极管）芯片、6英寸MOSFET（金属氧化层半导体场效晶体管）芯片、6英寸TVS（瞬态抑制二极管） 芯片及6英寸IGBT（绝缘栅双极型晶体管）芯片；6英寸砷化镓微波射频芯片、6英寸VCSEL（垂直共振 腔表面发射激光器）芯片等三大类。 立昂微 ...

公司报告 | 半年报点评 24Q2 营收利润环比大幅增长，看好下半年传统旺季业绩增长 事件：公司发布 2024 年半年度报告。2024H1 实现营业收入 14.59 亿元，同比增长 8.69%；实 现归母净利润-0.67 亿元，同比下降 138.50%；实现扣非后归母净利润-0.42 亿元，同比下降 183.14%；经营活动产生的现金流量净额为 5.32 亿元，同比增长 43.97%。分季度来看，公司 2024 年第二季度营业收入 77,979.69 万元，相比第一季度的 67,906.44 万元，环比增长 14.83%；2024 年第二季度归属于上市公司股东的净利润为-370.51 万元，相比第一季度的 -6,315.14 万元，亏损大幅收窄，公司经营业绩大幅改善；2024 年第二季度归属于上市公司 股东扣除非经常性损益的净利润为 777.01 万元，相比第一季度的-4,936.15 万元，第二季度 实现扭亏为盈。 点评：24H1 营收上升，Q2 环比大幅改善，多方面因素影响利润短期受压。 1）24H1 营收上 升主要系：半导体行业景气度的见底回暖及公司加强市场拓展、调整产品结构。2）24H1 净 利润下降 ...

立昂微（605358.SH） 24Q2 盈利环比明显改善，产能加码业绩增长可期 | --- | --- | --- | --- | --- | --- | --- | --- | |----------------------|-------|-------|-------|-------|-------|-----------------------------------------|-----------| | 财务指标 | 2022A | 2023A | 2024E | 2025E | 2026E | 买入（维持评级） | | | 营业收入（百万元） | 2,914 | 2,690 | 2,996 | 3,517 | 4,063 | 股票信息 | | | 增长率 yoy （ % ） | 14.7 | -7.7 | 11.4 | 17.4 | 15.5 | | | | 归母净利润（百万元） | 688 | 66 | 197 | 383 | 621 | 行业 | 电子 | | 增长率 yoy （ % ） | 14.6 | -90.4 | 200.3 | 94.0 | 62.1 | 2024 年 9 月 3 ...

[Table_MainInfo] 公司研究/信息设备/半导体产品与半导体设备 证券研究报告 立昂微（605358）公司半年报点评 2024 年 09 月 04 日 | --- | --- | |---------------------------------------------------------------|-------------| | [Table_InvestInfo] 投资评级 中性 | 维持 | | 股票数据 | | | 09 [ Table_StockInfo 月 04 日收盘价（元） ] | 19.45 | | 52 周股价波动（元） | 17.22-36.00 | | 总股本 / 流通 A 股（百万股） | 671/671 | | 总市值 / 流通市值（百万元） | 13058/13058 | | 相关研究 | | | [Table_ReportInfo] 《行业震荡磨底、募投项目增加折旧影响盈利 | | 水平，静待行业上行周期开启新征程》 2023.10.25 市场表现 | --- | --- | --- | --- | --- | |--------------------- ...

Financial Performance - Revenue for the first half of 2024 was RMB 14.59 billion, an increase of 8.69% year-over-year[14] - Net profit attributable to shareholders was a loss of RMB 668.56 million, a decrease of 138.50% compared to the same period last year[14] - Net cash flow from operating activities increased by 43.97% to RMB 5.32 billion[14] - Revenue for the first half of 2024 reached 14,588.614 million yuan, an increase of 8.69% year-over-year[15] - Net profit attributable to shareholders was -668.564 million yuan, a decrease of 138.50% year-over-year[15] - Basic earnings per share were -0.10 yuan, a decrease of 138.46% year-over-year[15] - Revenue for the reporting period reached 1,458.86 million yuan, an increase of 8.69% compared to the same period last year[31] - Operating profit was -175.59 million yuan, a decrease of 229.00% year-over-year[31] - EBITDA decreased by 30.26% to 402.99 million yuan compared to the same period last year[31] - Net profit attributable to shareholders was -66.86 million yuan, a decrease of 138.50% year-over-year[31] - Gross margin dropped from 27.27% in the first half of 2023 to 12.38% in the first half of 2024, a decrease of 14.89 percentage points[32] - Q2 2024 revenue was 779.80 million yuan, a 14.83% increase compared to Q1 2024[32] - Net cash flow from operating activities increased by 43.97% to 531.89 million yuan compared to the same period last year[33] - The company's comprehensive income for the first half of 2024 was -119,428,649.65 RMB, compared to 141,988,645.26 RMB in the same period last year[121] - Basic earnings per share for the first half of 2024 were -0.10 RMB, compared to 0.26 RMB in the same period last year[121] - The company's operating income for the first half of 2024 was 468,457,719.63 RMB, a decrease from 548,397,467.78 RMB in the same period last year[122] - The company's net profit for the first half of 2024 was -44,149,240.02 RMB, compared to 175,054,546.41 RMB in the same period last year[123] - Cash received from sales of goods and services in the first half of 2024 was 1,414,055,862.22 RMB, an increase from 1,250,713,742.89 RMB in the same period last year[124] - The company's R&D expenses for the first half of 2024 were 23,064,537.60 RMB, an increase from 21,082,260.79 RMB in the same period last year[122] - The company's financial expenses for the first half of 2024 were 74,212,567.72 RMB, an increase from 61,796,601.71 RMB in the same period last year[122] - The company's operating cash inflow for the first half of 2024 was 1,695,586,472.23 RMB, an increase from 1,463,566,322.20 RMB in the same period last year[124] - The company's operating cash outflow for the first half of 2024 was 1,163,699,165.02 RMB, an increase from 1,094,113,348.75 RMB in the same period last year[124] - The company's income tax expense for the first half of 2024 was -8,939,654.71 RMB, compared to 16,865,695.12 RMB in the same period last year[123] - Operating cash flow for the first half of 2024 was RMB 531.89 million, a significant increase from RMB 369.45 million in the same period last year[125] - Investment cash outflow for the first half of 2024 was RMB 1.69 billion, compared to RMB 1.31 billion in the same period last year[125] - Financing cash inflow for the first half of 2024 was RMB 1.22 billion, a substantial increase from RMB 313.75 million in the same period last year[125] - Net cash flow from financing activities for the first half of 2024 was RMB 539.09 million, a significant improvement from a net outflow of RMB 705.04 million in the same period last year[125] - Cash and cash equivalents at the end of the first half of 2024 were RMB 2.15 billion, compared to RMB 2.34 billion at the end of the same period last year[125] - Parent company's operating cash flow for the first half of 2024 was RMB 110.48 million, a decrease from RMB 300.46 million in the same period last year[126] - Parent company's investment cash outflow for the first half of 2024 was RMB 451.61 million, a significant decrease from RMB 2.84 billion in the same period last year[126] - Parent company's financing cash inflow for the first half of 2024 was RMB 325 million, compared to RMB 50 million in the same period last year[126] - Parent company's net cash flow from financing activities for the first half of 2024 was a net outflow of RMB 210.42 million, compared to a net outflow of RMB 240.17 million in the same period last year[127] - Total owner's equity at the end of the first half of 2024 was RMB 9.55 billion, a decrease from RMB 9.84 billion at the end of the same period last year[129] - Comprehensive income for the first half of 2024 totaled -66,856,415.16, a significant decrease compared to the previous period[130] - Total owner investments and capital reductions amounted to -113,228,585.59, with a notable reduction in other capital of -120,019,465.59[130] - Profit distribution for the period was -57,314,388.79, entirely allocated to owners (or shareholders)[131] - Total equity at the end of the period was 9,680,406,873, reflecting a decrease from the previous year[136] - Comprehensive income for the first half of 2024 showed a positive turnaround with a total of 173,648,799.34, despite a loss in minority interests[134] - Owner investments and capital reductions for the period resulted in a net increase of 6,394,692.28, driven by other capital adjustments[134] - Profit distribution for the period was -284,278,012.62, with an additional -5,004,000.00 allocated to minority interests[135] - Total equity at the beginning of the year was 9,821,305,548.08, showing a slight decrease by the end of the period[133] - Total owner's equity decreased by RMB 216.31 million in the first half of 2024, from RMB 7.07 billion to RMB 6.86 billion[137][138] - Comprehensive income for the first half of 2024 was a loss of RMB 44.15 million[137] - Capital reduction and owner contributions resulted in a decrease of RMB 114.85 million in owner's equity[137] - Profit distribution reduced owner's equity by RMB 57.31 million in the first half of 2024[138] - Total owner's equity at the end of June 2024 was RMB 6.86 billion, down from RMB 7.07 billion at the beginning of the year[138] - Retained earnings decreased by RMB 101.46 million in the first half of 2024[137] - Capital reserve decreased by RMB 109.35 million in the first half of 2024[137] - Other comprehensive income showed no significant changes in the first half of 2024[137] - The company's share capital decreased by RMB 5.49 million in the first half of 2024[137] - Special reserve showed no changes in the first half of 2024[137] Assets and Liabilities - Total assets as of the end of the reporting period were RMB 18.88 billion, up 3.30% from the end of the previous year[14] - The company's net assets attributable to shareholders decreased by 2.98% to RMB 7.73 billion[14] - Total assets increased to RMB 18.88 billion as of June 30, 2024, compared to RMB 18.28 billion at the end of 2023[112][113][114] - Cash and cash equivalents decreased to RMB 2.55 billion from RMB 2.67 billion at the end of 2023[112] - Accounts receivable increased to RMB 853.83 million, up 18.7% from RMB 719.56 million at the end of 2023[112] - Inventory increased slightly to RMB 1.35 billion from RMB 1.32 billion at the end of 2023[112] - Fixed assets decreased to RMB 8.44 billion from RMB 8.75 billion at the end of 2023[112] - Short-term borrowings increased significantly to RMB 1.04 billion from RMB 480.49 million at the end of 2023[113] - Long-term borrowings increased to RMB 1.66 billion from RMB 1.28 billion at the end of 2023[113] - Total liabilities increased to RMB 9.62 billion from RMB 8.73 billion at the end of 2023[113][114] - Shareholders' equity decreased to RMB 9.26 billion from RMB 9.55 billion at the end of 2023[114] - Parent company's cash and cash equivalents decreased significantly to RMB 91.10 million from RMB 404.13 million at the end of 2023[115] - Total assets decreased slightly from 11,312,279,418.61 RMB to 11,247,267,331.45 RMB[116][117] - Long-term equity investments increased slightly from 6,626,472,286.54 RMB to 6,628,108,237.52 RMB[116] - Total liabilities increased from 4,239,611,166.00 RMB to 4,390,910,636.32 RMB[117] - Interest expenses rose from 105,438,726.97 RMB to 119,709,830.27 RMB[120] - Total equity decreased from 7,072,668,252.61 RMB to 6,856,356,695.13 RMB[117] - Fixed assets decreased from 1,322,708,279.06 RMB to 1,297,963,710.92 RMB[116] - The company's inventory balance was 1.57 billion yuan, with an inventory impairment provision of 222.34 million yuan[47] - The fair value of the company's equity investments as of June 30, 2024, is RMB 1,193.317 million, with RMB 893.317 million attributed to direct holdings in listed companies (Xinlian Integration and Jingsheng Co., Ltd.) and RMB 300 million in non-listed equity investments[48] - The company's goodwill balance as of June 30, 2024, is RMB 477.662 million, stemming from the acquisition of Jiaxing Jinruihong, with no impairment reported during the period[49] Business Operations - The company's main business is semiconductor manufacturing, with subsidiaries including Zhejiang Jinruihong and Quzhou Jinruihong[6] - Semiconductor silicon wafer revenue reached 10,217.976 million yuan, a year-over-year increase of 12.96%[20] - 12-inch silicon wafer sales reached 407,500 pieces, a year-over-year increase of 89.63%[21] - Global semiconductor sales in Q2 2024 reached 149.9 billion USD, a year-over-year increase of 18.3%[18] - China's semiconductor sales in June 2024 reached 15.09 billion USD, a year-over-year increase of 21.6%[18] - Global silicon wafer shipments in Q2 2024 reached 3.035 billion square inches, a quarter-over-quarter increase of 7.1%[19] - 6-inch and 8-inch silicon wafer capacity utilization is fully loaded, with delivery delays reported[20] - Global power semiconductor market size reached $50.3 billion in 2023, expected to grow to $59.6 billion by 2027, with power ICs accounting for 54.8%, power discrete devices 30.1%, and power modules 15.1%[22] - China's power semiconductor market is projected to reach $20.6 billion in 2024, accounting for 38% of the global market[22] - Power semiconductor share in automotive semiconductors increased from 21% in traditional fuel vehicles to 55% in pure electric vehicles[22] - China's new energy vehicle production and sales reached 4.929 million and 4.944 million units respectively in H1 2024, up 30.1% and 32% YoY, with a market share of 35.2%[22] - China's solar power installed capacity reached 710 GW in H1 2024, up 51.6% YoY, with new PV installations of 102.48 GW, up 30.68% YoY[22] - Semiconductor power device chip revenue was 448.1915 million yuan in the reporting period, down 16.62% YoY and 8.85% QoQ, with sales volume of 901,600 units, up 4.96% YoY and 5.22% QoQ[23] - Compound semiconductor RF chip revenue reached 128.3699 million yuan in the reporting period, up 233.89% YoY and 29.79% QoQ, with sales volume of 17,600 units, up 288.18% YoY and 31.84% QoQ[24] - Global smartphone RF front-end market size is expected to reach $16.6 billion in 2024, with a CAGR of 9.7% from 2019 to 2024[24] - VCSEL market size is projected to grow from $1.6 billion in 2022 to $3.9 billion by 2027, with a 5-year CAGR of 17.2%[24] - The company's MOSFET and SBD semiconductor power devices are core components in photovoltaic systems, with growing demand due to rapid increase in PV installed capacity[71] Subsidiaries and Investments - Zhejiang Jinruihong, a subsidiary, achieved a net profit of 60.38 million yuan with operating revenue of 859.84 million yuan[43] - Quzhou Jinruihong, a subsidiary, achieved a net profit of 86.65 million yuan with operating revenue of 668 million yuan[44] - Jinruihong Microelectronics, a subsidiary, reported a net loss of 221.63 million yuan with operating revenue of 212.13 million yuan[44] - Subsidiary Hangzhou Dongxin invested 35 million yuan in its secondary subsidiary Haining Dongxin[38] - The 480 million 300mm silicon wafer production base project has a total budget of 60.19 billion yuan, with 46.16% completed (27.78 billion yuan invested)[39] - The 360,000 6-inch RF chip production line project has a total budget of 50.05 billion yuan, with 6.38% completed (3.19 billion yuan invested)[39] - The fair value of financial assets decreased by 38.05 million yuan, with a total fair value of 675.66 million yuan at the end of the period[40] - The fair value of Jingsheng Co., Ltd. stock decreased by 21.44 million yuan, with a final book value of 27.29 million yuan[41] - The fair value of Xinlian Integration stock decreased by 16.61 million yuan, with a final book value of 62.05 million yuan[41] - The company has invested 22,301.99 million yuan in the "Annual Production of 1.8 million 12-inch Semiconductor Silicon Epitaxial Wafers Project," with a cumulative investment of 42,478.28 million yuan, achieving 37.59% of the planned investment[89] - The "Annual Production of 6 million 6-inch Silicon Polished Wafers for Integrated Circuits Project" has received 29,416.50 million yuan in investment this year, with a cumulative investment of 86,229.28 million yuan, reaching 68.98% of the planned investment[89] - The company has fully utilized the funds for the "Supplemental Working Capital" project, with a cumulative investment of 99,974.40 million yuan, exceeding the planned investment by 0.16%[89] - The company has extended the construction period for the "Annual Production of 1.8 million 12-inch Semiconductor Silicon Epitaxial Wafers Project" and the "Annual Production of 6 million 6-inch Silicon Polished Wafers for Integrated Circuits Project" from May 2024 to May 2026[89][91] - The company temporarily used 15,000.00 million yuan of idle raised funds to supplement working capital during the reporting period, and returned a total of 60,000.00 million yuan[90] - The company has fully returned the temporarily used idle raised funds for working capital by June 30, 2024[90] - The company's 2021 non-public offering stock fundraising project was completed in December 2023, and the remaining funds were permanently used to supplement working capital during the reporting period[90] - The company's total raised funds investment reached 228,681.96 million yuan, excluding the issuance fees of 1,187.59 million yuan[89] - The company's total raised funds plan investment is 337,812.41 million yuan, with a cumulative investment of 228,681.96 million yuan[89] - The company's total raised funds investment progress is 67.69%[89] - The company issued convertible bonds with a total face value of 3.39 billion yuan, and during the reporting period, 2,476 shares were converted[93] - The company repurchased 5,490,936 shares through the Shanghai Stock Exchange system, which were subsequently canceled on May 7, 2024[93] - The company issued 3,390,000 convertible bonds with a total face value of RMB 3,390,000,000, and the net proceeds after deducting issuance costs were RMB 3,