Revenue Projections - The company expects to achieve operating revenue of between 358 million and 392 million CNY for the first half of 2024, representing a year-on-year increase of 96.83 million to 130.83 million CNY, or a growth rate of 37.08% to 50.09%[4]. - The company achieved operating revenue of 2.6116941 billion CNY in the same period last year[6]. Profit Projections - The projected net profit attributable to the parent company for the first half of 2024 is between 788 million and 886 million CNY, an increase of 110.55 million to 208.55 million CNY compared to the same period last year, reflecting a growth of 16.32% to 30.78%[5]. - The expected net profit attributable to the parent company after deducting non-recurring gains and losses is estimated to be between 726 million and 821 million CNY, with an increase of 107 million to 202 million CNY year-on-year, corresponding to a growth of 17.29% to 32.63%[5]. - The net profit attributable to the parent company in the previous year was 677.4518 million CNY[6]. R&D Investment - The company maintains a high level of R&D investment, focusing on providing high-performance, reliable, and low-power products, which has contributed to sustained performance growth[7]. Performance Forecast Accuracy - There are currently no significant uncertainties affecting the accuracy of this performance forecast[8]. - The financial data provided is preliminary and subject to change upon the official release of the 2024 semi-annual report[8].

Financial Data and Key Metrics Changes - In 2023, the company achieved revenue of 6.1 billion RMB, representing a year-on-year growth of 17%, while net profit reached 1.26 billion RMB, showing a significant increase of 59% [3][9][16] - The overall profit margin has steadily improved from 2019 to 2023, with net profit margin experiencing a more substantial increase [4][10] Business Line Data and Key Metrics Changes - The company has developed a series of CPU products, including the 3000, 5000, and 7000 series, with the high-end 7000 series showing the highest gross margin [4][10] - The DCU product line has reached its third generation, with commercial applications already in place for the first two generations [2][9] Market Data and Key Metrics Changes - The company has successfully captured a significant market share in the domestic trust and innovation market, benefiting from rapid development in this sector [4][7] - The DCU products are compatible with major international software and have been applied in various projects, showcasing their adaptability and performance [5][6] Company Strategy and Development Direction - The company aims to expand its market share in the server market and CPU application fields, particularly in mobile workstations and DCU areas, which show strong growth potential [1][7][16] - The company maintains a high level of R&D investment to address supply chain challenges and enhance its innovation capabilities [4][11] Management Comments on Operating Environment and Future Outlook - Management expressed optimism about maintaining good revenue growth and improving net profit margins due to scale effects [7][16] - The company is well-positioned to leverage its technological advancements and market opportunities in the deep computing and mobile workstation sectors [15][16] Other Important Information - The company has established a solid shareholder structure, including significant stakes from the Chinese Academy of Sciences and Chengdu State-owned Assets [3][9] - The company has engaged in 2.2 billion RMB of related party transactions, which are expected to positively impact annual revenue [7][16] Q&A Session Summary Question: In which areas does the company have product iteration capabilities and market share? - The company has obtained AMD authorization in the server sector and has launched corresponding CPU products in the workstation market, achieving a notable market share [8] Question: What is the development history of the company's CPU products? - The CPU development began in 2016-2017, with each generation taking about 2 to 3 years to develop, categorized into high-end (7000 series), mid-range (5000 series), and entry-level (3000 series) applications [8][9] Question: What is the current status of the company's DCU product line? - The DCU product line has three generations, with the first two already commercialized, and the third generation is currently under development [9]

大家好欢迎参加华复电子大科技海光信息公司深度汇报联华会议目前所有参负者均处于静音状态下面开始播报名字声明声明完毕后主持人可以直接开始发言谢谢 本次会议紧面向华福证券的专业投资机构客户或受邀客户第三方专家发言内容仅代表其个人观点所有信息或观点不构成投资建议根据监管规定会议不得交流敏感内幕信息未经华福证券事先书面许可任何机构或个人严禁录音制作纪要转发转载传播复制编辑修改等涉嫌违反上述情形等我们将保留一切法律权利感谢您的理解和支持谢谢 好的各位投资者大家晚上好我是华富电子旭旭然后今天的话我们给大家汇报一下海光信息的我们之前外发的一个深度报告然后海光的话它是国内整个在产品的话包括CPU以及它的DCU产品就覆盖了像服务器以及说是一些类似于GPU的一些应用 然后在整个服务器端就是海光去吸收了AMD的一个授权然后现在已经具备一些产品自主迭代的一个能力然后目前在整个服务器市场的话也是拿到了一个比较还不错的一个份额那么在整个CQ这块的话它其实初开在服务器端然后近期的话也在工作站这个市场也推出了一些相应的产品 然后另外一块的话它的DCU的话就采用的是国际主流的GPGPU的路线而且具备一个类库大的一个架构 能够适配国际的一些主流软 ...

Summary of Haiguang Information Company Conference Call Industry and Company Overview - **Company**: Haiguang Information Company - **Industry**: Semiconductor, specifically focusing on CPU and DCU products for server and high-performance computing markets [2][3][4] Key Points and Arguments - **Significant Progress**: Haiguang has made notable advancements in chip and DCU products, particularly in the server market and high-performance computing chip sector [2][3] - **AMD Authorization**: The company has received authorization from AMD, enabling independent product iteration and capturing a considerable market share in the server sector [2][3] - **Product Expansion**: Haiguang's CPU products have expanded into the workstation market, while its DCU products follow mainstream GPU architectures, suitable for major software applications [2][3][5] - **Product Iteration**: From 2016 to 2018, Haiguang's chip series underwent five iterations, covering various application fields from high-end servers to entry-level markets [2][3][4] - **Profit Growth**: The company has demonstrated significant net profit growth, indicating a robust business model [2][4][9] - **Future Plans**: Haiguang plans to increase R&D investment and optimize product structure for sustainable development and market share expansion [2][4] Market Performance and Application Prospects - **Market Coverage**: Haiguang's CPU has a high coverage in the server market and has extended to mobile workstation applications, such as the AI mobile workstation series from Zhongke Keke [5][12] - **DCU Product Line**: The DCU product line, particularly the "Deep Calculation" series, is in its third generation, with the first two already commercialized [8][14] - **Revenue Growth**: As of 2023, Haiguang's annual revenue reached 6.1 billion yuan, a 17% year-on-year increase, with net profit at 1.26 billion yuan, up 59% [9] Competitive Positioning - **Market Share**: Haiguang holds a dominant position in the x86 architecture server CPU market, with a market share of approximately 90% [12] - **Performance Comparison**: Haiguang's CPUs have comparable performance to Intel's mainstream processors, with some models outperforming Intel [11] - **Ecosystem Compatibility**: The DCU products are designed for better compatibility with mainstream software ecosystems, providing a competitive edge over other domestic chips [15] Additional Insights - **High R&D Investment**: Despite high R&D expenditures, the company has managed to reduce sales management and financial costs, leading to improved profit margins [9] - **Future Market Trends**: The server market is expected to recover, and Haiguang is well-positioned to benefit from this trend, particularly in the mobile workstation and DCU sectors [12][13]

海光信息 20240711_原文 2024年07月11日 23:43 发言人 00:04 大家好，欢迎参加华富电子大科技海光信息公司深度汇报电话会议。目前所有参会者均处于静音状态，下 面开始播报本次声明，声明完毕后，主持人可以直接开始发言，谢谢。本次会议仅面向华福证券的专业投 资机构客户或受邀客户、第三方专家发言，内容仅代表其个人观点，所有信息或观点不构成投资建议。根 据监管规定，会议不得交流敏感、内幕信息。未经华福证券事先书面许可，任何机构或个人严禁录音、制 作纪要、转发、转载、传播、复制、编辑、修改等。涉嫌违反上述情形的，我们将保留一切法律权利。感 谢您的理解和支持，谢谢。 发言人 00:48 好的，各位投资者大家晚上好，我是华富电子学学。然后今天的话我们给大家汇报一下海关信息的我们之 前外发的一个审查报告。然后海光的话它是国内整个在产品的话，包括 CPU以及它的DCU产品，就覆盖 了像服务器以及说是一些类似于g pu的一些应用。然后在整个服务器端，海光去吸收了AMD的一个授权， 然后现在已经具备一些产品自主迭代的一个能力。然后目前在整个服务器市场的话，也是拿到了一个比较 还不错的一个份额。在整个CPU这 ...

海光信息(688041.SH)/计 算机 证券研究报告/公司深度报告 2024 年 07 月 10 日 [评Table_Title] 级:买入(首次) [公Table_Finance] 司盈利预测及估值 | | | | | | | | |-----------------------------|----------------------------|----------|-----------|-----------|-----------|----------| | 市场价格:72.82 | 指标 | 2022A | 2023A | 2024E | 2025E | 2026E | | 分析师:孙行臻 | 营业收入(百万元) | 5,125 | 6,012 | 8,240 | 10,893 | 13,968 | | 执业证书编号:S0740524030002 | 增长率 yoy% 净利润(百万元) | 122% 804 | 17% 1,263 | 37% 1,735 | 32% 2,331 | 28%3,064 | | Email:sunxz@zts.com.cn | 增长率 yoy% | 146% | ...

证券代码：688041 证券简称：海光信息 公告编号： 2024-029 海光信息技术股份有限公司 关于以集中竞价交易方式回购公司股份的进展公告 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法律责任。 根据《上市公司股份回购规则》《上海证券交易所上市公司自律监管指引第 7 号——回购股份》的相关规定，公司在回购期间应当在每个月的前 3 个交易日内 公告截至上月末的回购进展情况，现将公司回购股份的进展情况公告如下： 2024 年 6 月，公司通过上海证券交易所交易系统以集中竞价交易方式累计回 购公司股份 666,339 股，占公司总股本的比例为 0.03%，回购成交的最高价为 75.48 元/股，最低价为 74.43 元/股，支付的资金总额为人民币 49,999,855.18 元（不含印 花税、交易佣金等交易费用）。 截至 2024 年 6 月 30 日，公司通过上海证券交易所交易系统以集中竞价交易 方式累计回购公司股份 2,735,713 股，占公司总股本的比例为 0.12%，回购成交的 最高价为 75.48 元/股，最低价为 70. ...

Investment Rating - The investment rating for the company is "Outperform the Market" [2][8] Core Views - The company continues to experience high growth in performance, with a revenue of 6.012 billion yuan in 2023, representing a year-on-year increase of 17.3%. The net profit attributable to the parent company reached 1.263 billion yuan, up 57.17% year-on-year [6][8] - Strong demand driven by AI, IoT, and digitalization is evident, with the company’s CPU and DCU products undergoing successful iterations and upgrades [5][8] - The company has significantly increased its related party transaction volume, indicating a potential rise in business prosperity [5][8] Financial Performance Summary - In 2023, the company reported a revenue of 6.012 billion yuan, a 17.3% increase year-on-year, and a net profit of 1.263 billion yuan, reflecting a 57.2% year-on-year growth. The gross margin improved to 59.7% [6][10] - For Q1 2024, revenue was 1.592 billion yuan, a 37.09% increase year-on-year, with a net profit of 289 million yuan, up 20.53% year-on-year [6][8] - The company’s R&D investment for 2023 was 2.810 billion yuan, accounting for 46.74% of revenue, with a year-on-year increase of 35.93% [6][8] Future Projections - The company is expected to benefit from the demand surge in AI and digital transformation, with projected revenue growth rates of 38%, 33%, and 30% for 2024 to 2026 [8][11] - The forecasted revenue for 2024 is 8.297 billion yuan, with net profits expected to reach 1.634 billion yuan [8][11] - The gross margin is anticipated to gradually improve, reaching 60.17% in 2024 and 61.17% by 2026 [8][11]

中信证券股份有限公司 关于海光信息技术股份有限公司 差异化权益分派事项的核查意见 中信证券股份有限公司（以下简称"中信证券"或"保荐机构"）作为海光 信息技术股份有限公司（以下简称"公司"、"海光信息"或"发行人"）首次 公开发行股票并在科创板上市的保荐机构。根据《中华人民共和国公司法》《中 华人民共和国证券法》《证券发行上市保荐业务管理办法》《上海证券交易所科 创板股票上市规则》等有关规定，对海光信息本次差异化权益分派事项进行了专 项核查，核查情况如下： 一、本次差异化权益分派的原因 公司于 2023 年 8 月 25 日、2024 年 2 月 22 日召开第一届董事会第二十六次 会议和第二届董事会第三次会议，分别审议通过了《关于以集中竞价交易方式回 购公司股份的方案》。截至本核查意见提交日，公司已完成第一期回购，第二期 回购正在实施中，公司回购专用证券账户（B886017884）中合计持有股份 2,589,499 股，不参与利润分配。 截至 2024 年 5 月 23 日，公司总股本为 2,324,338,091 股，扣减公司回购专 用 证 券 账 户 的 2,589,499 股 后 ， 公 司 本 次 ...

证券代码：688041 证券简称：海光信息 公告编号：2024-028 海光信息技术股份有限公司 关于 2023 年年度权益分派实施后 调整回购价格上限的公告 本公司董事会及全体董事保证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个别及连带责任。 重要内容提示： 调整前回购价格上限：不超过人民币 107.95 元/股（含） 调整后回购价格上限：不超过人民币 107.84 元/股（含） 现金红利 0.11010 元（含税），不送红股，不进行资本公积转增股本。如在实施 权益分派的股权登记日前公司总股本扣除公司回购专用账户中股份的基数发生 变动的，维持分配总额不变，相应调整每股分配比例。具体内容详见公司 2024 年 6 月 12 日于上海证券交易所网站（www.sse.com.cn）披露的《海光信息技术 股份有限公司 2023 年年度权益分派实施公告》（公告编号：2024-027）。 根据《回购报告书》，若公司在回购期限内实施了资本公积金转增股本、现 金分红、派送股票红利、股票拆细、缩股或配股等除权除息事项，公司将按照中 国证监会及上海证券交易所的相关规定，对回 ...