证券代码：688008 证券简称：澜起科技 公告编号：2025-009 澜起科技股份有限公司 关于 2025 年度开展外汇衍生品交易的公告 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、准确性和完整性依法承担法律责任。 重要内容提示： 交易目的：为有效防范并降低外汇市场波动风险，澜起科技股份有限公 司（以下简称"公司"或者"澜起科技"）及子公司拟开展外汇衍生品交易业务。 该外汇衍生品交易业务以套期保值为目的，与日常经营需求紧密相关，可有效防 范外汇市场汇率波动风险，增强公司财务稳健性。 交易品种：公司及子公司拟开展的外汇衍生品交易包括以下业务：远期 结售汇业务、外汇掉期业务、外汇期权等业务或前述各产品组合业务等。 交易金额及期限：任意时点交易最高余额及交易保证金累计不超过 2,500 万美元（或等值人民币），其中交易保证金不超过交易金额的 6%。资金来源为自 有资金，不涉及募集资金。额度有效期为自公司董事会审议通过之日起 12 个月。 特别风险提示：公司及子公司开展外汇衍生品交易遵循合法、谨慎、安 全和有效的原则，以套期保值为目的，但外汇衍生品交易操作仍 ...

澜起科技股份有限公司 2024 年年度股东大会会议资料 证券代码：688008 证券简称：澜起科技 澜起科技股份有限公司 2024 年年度股东大会会议资料 2025 年 5 月 澜起科技股份有限公司 2024 年年度股东大会会议资料 澜起科技股份有限公司 2024 年年度股东大会会议资料目录 | 澜起科技股份有限公司 | | | 2024 年年度股东大会会议须知 | 1 | | --- | --- | --- | --- | --- | | 澜起科技股份有限公司 | | | 2024 年年度股东大会会议议程 | 3 | | 议案 | 1：关于公司《2024 | | 年年度报告》及其摘要的议案 | 5 | | 议案 | 2：公司 2024 | | 年度财务决算报告 | 6 | | 议案 | 3：公司 2024 | | 年度董事会工作报告 | 10 | | 议案 | 2024 4：公司 | | 年度监事会工作报告 | 23 | | 议案 | 5：关于公司 | 2024 | 年度利润分配预案的议案 | 27 | | 议案 | | | 6：关于提请股东大会授权董事会制定 2025 年度中期分红的议案 | 30 | | ...

Financial Performance - The proposed cash dividend distribution for the 2024 fiscal year is CNY 3.90 per share (including tax), totaling CNY 443,140,336.47, which represents 31.39% of the net profit attributable to shareholders of the listed company [6]. - The company reported a significant increase in revenue, reaching $1.2 billion, representing a 25% year-over-year growth [13]. - The company reported a significant increase in revenue, reaching $1.5 billion, representing a 25% year-over-year growth [18]. - In 2024, the company achieved operating revenue of CNY 3.64 billion, a 59.20% increase compared to CNY 2.29 billion in 2023 [27]. - The net profit attributable to shareholders reached CNY 1.41 billion, marking a 213.10% increase from CNY 450.91 million in the previous year [27]. - The net cash flow from operating activities was CNY 1.69 billion, up 131.29% year-over-year, reflecting strong profitability and operational efficiency [30]. - The company reported a basic earnings per share of CNY 1.25, a 212.50% increase from CNY 0.40 in 2023 [28]. - The net profit attributable to the parent company reached 1.412 billion RMB, an increase of 213.10% year-over-year [44]. - The net profit attributable to the parent company after deducting non-recurring gains and losses was 1.249 billion RMB, up 237.44% from the previous year [44]. - The net cash flow from operating activities was 1.691 billion RMB, reflecting a growth of 131.29% year-over-year [44]. Research and Development - The company is investing $50 million in R&D for new technologies, focusing on AI and machine learning [13]. - Research and development expenses accounted for 20.98% of operating revenue, a decrease of 8.85 percentage points from the previous year [28]. - The company has maintained a strong focus on R&D investment since its IPO in 2019, with R&D expenses consistently increasing each year [30]. - The R&D team consists of 536 personnel, with approximately 74.65% of the total workforce, and 62.87% holding a master's degree or higher [64]. - Total R&D expenditure for the year was approximately ¥763.47 million, an increase of 11.98% compared to the previous year [187]. - The company has a strong focus on innovation and technology, with proprietary integrated circuit design platforms and high-performance memory interface solutions [197]. Product Development and Launches - New product launches are expected to contribute an additional $200 million in revenue over the next fiscal year [14]. - The company plans to introduce a new line of products aimed at the gaming sector, projected to generate $150 million in sales [13]. - The company launched three new high-performance chips, generating sales revenue of approximately 422 million RMB, which is eight times that of the previous year [44]. - The company successfully launched the sixth generation of its津逮® CPU and introduced new products including data protection and trusted computing acceleration chips [65]. - The company has launched DDR5 memory interface chips with data rates reaching up to 7200MT/s, representing a 50% increase compared to the first-generation RCD chip [78]. - The company has initiated the development of a high-performance AI chip, with a projected total investment of ¥290 million [192]. Market Expansion and Strategy - Market expansion efforts are underway, targeting a 10% increase in market share in the Asia-Pacific region [14]. - The company is expanding its market presence in Asia, targeting a 15% increase in market share by the end of the fiscal year [18]. - The company announced a strategic acquisition of a smaller tech firm for $300 million to enhance its product offerings [13]. - The company announced a strategic acquisition of a smaller tech firm for $200 million to enhance its product offerings and technological capabilities [18]. - A new partnership with a leading cloud service provider is expected to enhance service delivery and increase customer retention by 5% [14]. Corporate Governance and Compliance - The company has not reported any non-operating fund occupation by controlling shareholders or related parties [8]. - There are no violations of decision-making procedures regarding external guarantees [8]. - The company has not experienced any situation where more than half of the directors cannot guarantee the authenticity, accuracy, and completeness of the annual report [8]. - The board of directors, supervisory board, and senior management have confirmed the authenticity and completeness of the annual report [3]. - The company has optimized its governance structure and received an A-level rating for information disclosure from the Shanghai Stock Exchange [68]. Risk Management - The company has described potential risks in the report, which investors should be aware of [3]. - The report includes a forward-looking statement risk declaration, indicating that future plans and strategies do not constitute a substantive commitment to investors [7]. Audit and Financial Reporting - The company has received a standard unqualified audit report from Ernst & Young Hua Ming [5].

澜起科技公告，经财务部门初步测算，公司预计2025年第一季度实现营业收入约12.22亿元，较上年同 期增长约65.78%；预计2025年第一季度实现归属于母公司所有者的净利润5.1亿元~5.5亿元，较上年同 期增长128.28%~146.19%；预计2025年第一季度实现归属于母公司所有者的扣除非经常性损益的净利润 4.85亿元~5.25亿元，较上年同期增长120.82%~139.03%。 ...

数据统计显示，中证沪港深张江自主创新50指数近一个月下跌6.62%，近三个月上涨7.11%，年至今上 涨10.05%。 据了解，中证沪港深张江自主创新50指数从沪港深三地市场中选取50只业务涉及生物医药、集成电路、 人工智能、高端装备制造、节能环保、新材料等产业的张江高新区上市公司证券作为指数样本，以反映 沪港深三地市场张江高新区新兴产业上市公司证券的整体表现。该指数以2014年12月31日为基日，以 1000.0点为基点。 中证沪港深张江自主创新50指数上涨0.03%，前十 大权重包含中芯国际等 从中证沪港深张江自主创新50指数持仓样本的行业来看，信息技术占比67.98%、医药卫生占比 20.15%、工业占比6.75%、通信服务占比2.12%、原材料占比1.69%、房地产占比0.89%、可选消费占比 0.42%。 金融界3月24日消息，上证指数上涨0.15%，中证沪港深张江自主创新50指数 (SHS张江50，931596)上涨 0.03%，报1485.13点，成交额293.43亿元。 从指数持仓来看，中证沪港深张江自主创新50指数十大权重分别为：韦尔股份（11.04%）、中芯国际 （9.85%）、中微公司（ ...

Core Insights - The A-share market experienced a slight recovery with the Shanghai Composite Index rising by 0.15% to 3370 points, while the Sci-Tech AI ETF (588790) showed a remarkable "V-shaped" reversal, closing at 0.622 yuan with a gain of 1.14% [1] Group 1: AI Industry Acceleration - The release of Nvidia's BlackwellUltra AI chip, built on a 3nm process, enhances training speed by 18 times and reduces energy consumption by 90%, marking a significant advancement in AI capabilities [2] - The AI application market in China is projected to exceed 1.2 trillion yuan by 2025, with industrial, medical, and financial sectors contributing over 60% of the growth [3] Group 2: Policy Support - The Chinese government has established a 300 billion yuan industry fund under the "AI+ Action Plan" to support foundational layers such as chips, algorithms, and data [4] Group 3: Sci-Tech AI ETF (588790) Overview - The Sci-Tech AI ETF (588790) has gained traction as a key investment vehicle for AI core assets, with a total scale exceeding 2.6 billion yuan since January 10 [1][5] - Key components of the ETF include companies like Cambricon (7nm chip production), Zhongji Xuchuang (28% global market share in optical modules), and Stone Technology (25% global market share in AI vacuum cleaners) [5] Group 4: Future Opportunities - The domestic AI chip production capacity is expected to expand by 300%, while the demand for optical modules is projected to grow by 50% annually [8] - The cost of industry-specific models is anticipated to decrease by 90%, enabling millions of small and medium enterprises to adopt intelligent solutions [8]

Investment Rating - The report maintains a "Positive" outlook for the electronic industry [4] Core Insights - The Deepseek integrated machine is driving AI acceleration across various industries, with multiple manufacturers launching products that support the Deepseek model, enhancing deployment efficiency [7][8] - The integration of hardware and software in Deepseek machines significantly lowers the technical barriers for AI deployment, creating new opportunities for various sectors [13][14] - Domestic chips are becoming a foundational element for Deepseek machines, with over 80 companies adapting or launching Deepseek models based on domestic chip technology [11][12] Summary by Sections Investment Recommendations and Targets - The report suggests focusing on investment opportunities in companies related to the Deepseek integrated machine supply chain, including: 1. Chips: Haiguang Information, Longxin Zhongke, Lanke Technology, and Cambricon 2. Complete machines: Hikvision, Lenovo Group, and Dahua Technology [2][18] Industry Dynamics - The report highlights the rapid industrialization of AI integrated machines, with significant advancements in the Deepseek model's application across cloud computing, intelligent computing, and data center sectors [8] - Various manufacturers are adopting domestic chips and frameworks to enhance their integrated machine solutions, promoting a more localized AI ecosystem [9][12] Technological Advancements - Deepseek integrated machines are designed for soft and hardware optimization, allowing for dynamic resource allocation and improved performance [11][12] - The machines are equipped with pre-deployed models and industry-specific adaptations, significantly reducing the time required for AI application deployment [13][14]

Core Viewpoint - The article emphasizes the importance of the semiconductor industry in China's new industrialization, highlighting the role of the Science and Technology Innovation Board (STAR Market) in supporting the growth and innovation of this sector through capital and policy initiatives [1][2]. Group 1: Industry Support and Development - The China Securities Regulatory Commission (CSRC) aims to enhance support for key industries such as integrated circuits, industrial mother machines, and medical equipment, recognizing the semiconductor industry as a strategic and foundational sector for economic development [1]. - Since its establishment, the STAR Market has become the preferred platform for semiconductor companies to go public, with 116 semiconductor firms listed, accounting for 60% of A-share semiconductor companies [1][2]. - The STAR Market has facilitated significant capital inflow, with 116 semiconductor companies raising a total of 298.9 billion yuan through IPOs, representing over 80% of the total IPO fundraising in the A-share semiconductor sector [2]. Group 2: Capital Utilization and R&D Investment - The average capital utilization rate among the 116 semiconductor companies is 66%, indicating high efficiency in fund usage [2]. - In the first three quarters of 2024, these companies invested a total of 32.9 billion yuan in R&D, with a median R&D intensity of 17%, significantly higher than the overall A-share level of 4% [2]. - Notable advancements include the development of a new generation of CPUs by Loongson Technology and the introduction of domestically produced CMP equipment by Huahai Qingshi, showcasing the impact of increased R&D investment [2]. Group 3: Policy Innovations and Talent Attraction - The STAR Market has implemented flexible stock incentive mechanisms to attract and retain high-end talent, with 77 semiconductor companies launching 150 stock incentive plans, covering approximately 66% of the sector [3]. - The introduction of policies to support mergers and acquisitions has led to a surge in high-quality industry consolidations, with 76 disclosed equity acquisitions since the "Eight Measures" policy, totaling over 19 billion yuan [4]. Group 4: Market Mechanisms and Investment Products - The STAR Market has established a market-friendly environment for venture capital and institutional investors, including the introduction of a market-making system to enhance liquidity and price stability [6]. - The STAR Market has also launched thematic indices and ETFs focused on the semiconductor industry, catering to investor demand and facilitating participation in the sector's growth [6].

Financial Performance - In 2024, the company achieved total revenue of 3.639 billion yuan, a year-on-year increase of 59.20%[6] - The net profit attributable to the parent company reached 1.412 billion yuan, up 213.10% compared to the previous year[6] - The net profit attributable to the parent company after deducting non-recurring gains and losses was 1.248 billion yuan, an increase of 237.44% year-on-year[6] - The basic earnings per share for 2024 was 1.25 yuan, reflecting a growth of 212.50% year-on-year[3] Product Performance - The company's interconnect chip product line generated sales revenue of 3.349 billion yuan, a growth of 53.31% year-on-year, with a gross margin of 62.66%[7] - Three new high-performance chips contributed approximately 422 million yuan in sales, which is eight times the revenue from the previous year[6] - The gross margin for the interconnect chip product line in Q4 2024 was 63.42%, an increase of 1.21 percentage points from the previous quarter[9] Quarterly Performance - In Q4 2024, the company reported revenue of 1.068 billion yuan, a year-on-year increase of 40.43% and a quarter-on-quarter increase of 17.90%[9] Asset and Equity Performance - Total assets at the end of the reporting period were 122.189 billion yuan, an increase of 14.22% from the beginning of the period[3] - The company's weighted average return on equity increased by 8.97 percentage points to 13.41%[3]

Investment Rating - The report assigns a "Buy" rating to the company, indicating a potential upside in the stock price [7][9]. Core Insights - The demand for AI computing power in China is expected to surge, benefiting the DRAM industry, particularly for the company as a leading memory interface chip manufacturer [7][9]. - The company's revenue for 2024 is projected to reach RMB 3.64 billion, representing a year-over-year growth of 59.2%, with net profit expected to increase by 206% to 219% [9]. - The company's earnings per share (EPS) is forecasted to grow significantly, with estimates of RMB 1.55 for 2025 and RMB 1.92 for 2026, reflecting a year-over-year growth of 28% and 24% respectively [9]. Summary by Sections Company Information - The company operates in the electronics industry, with a current stock price of RMB 72.44 as of February 20, 2025, and a market capitalization of RMB 82.93 billion [2]. Recent Ratings - The company was rated "Buy" on October 31, 2024, with a previous closing price of RMB 49.95 [3]. Financial Performance - The company’s net profit for 2022 was RMB 1.299 billion, with projections of RMB 1.769 billion for 2025 and RMB 2.188 billion for 2026, indicating a strong recovery and growth trajectory [8][9]. - The projected revenue for 2025 is RMB 5.827 billion, with a significant increase in operating profit expected [14]. Market Trends - The report highlights that the introduction of DeepSeek has lowered the barriers for AI applications, leading to increased competition among major internet companies in China, which will drive demand for high-speed memory products [9].