申万宏源证券承销保荐有限责任公司 关于深圳市必易微电子股份有限公司 首次公开发行部分战略配售限售股上市流通的核查意见 申万宏源证券承销保荐有限责任公司（以下简称"申万宏源承销保荐"、 "保荐人"）作为深圳市必易微电子股份有限公司（以下简称"必易微"或"公 司"）首次公开发行并在科创板上市的持续督导保荐人，根据《证券发行上市保 荐业务管理办法（2023 年修订）》《科创板上市公司持续监管办法（试行）》《上海 证券交易所科创板股票上市规则》《上海证券交易所科创板上市公司自律监管指 引第 1 号——规范运作》等有关规定，对必易微首次公开发行部分战略配售限售 股上市流通的事项进行了审慎核查，相关核查情况如下： 一、本次上市流通的限售股类型 根据中国证券监督管理委员会《关于同意深圳市必易微电子股份有限公司首 次公开发行股票注册的批复》（证监许可〔2022〕819 号），同意公司首次公开发 行股票的注册申请。并经上海证券交易所同意，公司首次向社会公众公开发行人 民币普通股（A 股）股票 1,726.2300 万股，并于 2022 年 5 月 26 日在上海证券交 易所科创板挂牌上市。公司首次公开发行 A 股前总股本为 5 ...

证券代码：688045 证券简称：必易微 公告编号：2024-039 深圳市必易微电子股份有限公司 首次公开发行部分战略配售限售股上市流通公告 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。 本次股票上市流通日期为 2024 年 5 月 27 日（因 2024 年 5 月 26 日为非交 易日，故顺延至下一交易日）。 一、本次上市流通的限售股类型 根据中国证券监督管理委员会《关于同意深圳市必易微电子股份有限公司首 次公开发行股票注册的批复》（证监许可〔2022〕819 号），同意深圳市必易微电子 股份有限公司（以下简称"公司"）首次公开发行股票的注册申请。并经上海证券 交易所同意，公司首次向社会公众公开发行人民币普通股（A 股）股票 1,726.2300 万股，并于 2022 年 5 月 26 日在上海证券交易所科创板挂牌上市。公司首次公开 发行 A 股前总股本为 5,178.6639 万股，首次公开发行 A 股后总股本为 6,904.8939 万股，其中有限售条件流通股 5,440.2266 万股，占公司发行后总股本的 ...

2024 年 3 月，公司实际控制人、控股股东谢朋村先生收到深圳市南山区人 民法院网络送达的《关于在先行调解阶段开展诉讼前端程序性工作告知书》等文 案件所处的诉讼阶段：原告撤诉，收到法院裁定 公司实际控制人、控股股东所处的当事人地位：被告 涉案金额：不涉及具体诉讼金额 证券代码：688045 证券简称：必易微 公告编号：2024-037 深圳市必易微电子股份有限公司 关于公司实际控制人、控股股东诉讼进展暨收到撤 诉裁定的公告 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： 是否会对上市公司损益产生负面影响：本次诉讼事项不会对深圳市必易 微电子股份有限公司（以下简称"公司"）的日常经营产生负面的影响，不会对 公司的控制权产生影响，也不会对公司当期及未来损益产生负面影响。 公司实际控制人、控股股东谢朋村先生于近日收到深圳市南山区人民法院 出具的《民事裁定书》（（2024）粤 0305 民初 10805 号），根据该裁定书，就 张波先生、喻辉洁先生与谢朋村先生合同纠纷一案，法院裁定准许张波先生、喻 辉洁先生撤诉， ...

Investment Rating - The report maintains a "Buy" rating for the company [23]. Core Views - The downstream market is gradually recovering, leading to a restoration of profitability. In 2023, the company achieved revenue of 578 million yuan, a year-on-year increase of 10.01%, with annual sales volume growing by 26.72%. However, the net profit attributable to the parent company was -19 million yuan, a decline of 150.24%. The gross margin was 23.57%, down 4.39% year-on-year. In Q1 2024, the company reported revenue of 136 million yuan, a year-on-year increase of 2.48%, and net profit of 0.3 million yuan, marking a return to profitability, with a gross margin of 26.59%, up 4.15% year-on-year [7]. - The company is continuously increasing R&D investment and binding core technical personnel. In 2023, R&D expenses amounted to 159 million yuan, a year-on-year increase of 38.21%. By the end of 2023, the company had 268 R&D personnel, accounting for over 74% of the total workforce. The company has also granted stock incentives to core team members, with total share-based payment expenses of 20.78 million yuan in 2023. A new employee stock ownership plan was announced for 2024, with performance targets based on 2023 revenue, aiming for a 20% growth rate and a gross margin of no less than 25% [7]. - The company continues to innovate its product offerings and optimize its structure. In the AC-DC field, new products such as interleaved PFC and LLC have been launched, promoting the localization of high-power fast charging (up to 240W) and high-power power supplies (up to 3000W). In the DC-DC field, the company is developing high-current (above 8A) and high-voltage (above 60V) products, with a 100V high-voltage CMCOT architecture DC-DC product already tested and approved by customers. In the battery management chip sector, the company is developing BMSAFE chips for high-voltage applications (200-800V) and pursuing ISO26262 functional safety certification, targeting large energy storage systems and new energy vehicles. Additionally, the company has expanded its product lineup in amplifiers, converters, sensors, isolation chips, and interface chips, successfully sampling several signal chain products [7]. Financial Forecast and Key Indicators - The company is expected to achieve net profits attributable to the parent company of 30 million yuan, 60 million yuan, and 100 million yuan for the years 2024, 2025, and 2026, respectively [7]. - Revenue is projected to grow from 578 million yuan in 2023 to 716 million yuan in 2024, with growth rates of 10.01%, 23.84%, 27.91%, and 22.51% for the years 2023 to 2026 [15][16]. - The gross margin is expected to improve from 23.57% in 2023 to 27.4% in 2026, indicating a positive trend in profitability [15][16].

证券代码：688045 证券简称：必易微 公告编号：2024-035 深圳市必易微电子股份有限公司 2024 年员工持股计划第一次持有人会议决议公告 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。 一、持有人会议召开情况 深圳市必易微电子股份有限公司（以下简称"公司"）2024 年员工持股计划 第一次持有人会议于 2024 年 4 月 29 日（星期一）以现场结合视频方式召开。本 次会议由公司董事会秘书高雷先生主持，出席本次会议的持有人 12 人，代表公 司 2024 年员工持股计划份额 15,600,000 份，占公司 2024 年员工持股计划总份额 的 100%。本次会议的召集、召开、表决程序符合公司 2024 年员工持股计划的相 关规定，所作决议合法有效。 二、持有人会议审议情况 （一）审议通过《关于设立公司 2024 年员工持股计划管理委员会的议案》 根据《深圳市必易微电子股份有限公司 2024 年员工持股计划》和《深圳市 必易微电子股份有限公司 2024 年员工持股计划管理办法》等相关规定，同意设 立公司 202 ...

证券代码：688045 证券简称：必易微 公告编号：2024-034 深圳市必易微电子股份有限公司 关于参加 2023 年度芯片设计专场集体业绩说明会暨 2024 年第一季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、准确性和完整性依法承担法律责任。 （二）会议召开方式：网络文字互动 （三）网络文字互动平台：上海证券交易所上证路演中心 （http://roadshow.sseinfo.com/） 重要内容提示： 网 络 文 字 互 动 平 台 ： 上 海 证 券 交 易 所 上 证 路 演 中 心 （http://roadshow.sseinfo.com/） 会议问题预征集方式：投资者可于 2024 年 5 月 9 日（星期四）16:00 前 通过上海证券交易所上证路演中心（http://roadshow.sseinfo.com/）的"提问预征 集"栏目进行会前提问，深圳市必易微电子股份有限公司（以下简称"公司"） 将通过本次业绩说明会，在信息披露允许范围内就投资者普遍关注的问题进行回 答。 公司已分别于 2024 年 3 月 23 ...

重要内容提示： | 回购方案首次披露日 | 2023/8/21 | | --- | --- | | 回购方案实施期限 | 待董事会审议通过后 12 个月 | | 预计回购金额 | 万元 4,200 万元~8,400 | | 回购用途 | □减少注册资本 | | | √用于员工持股计划或股权激励 | | | □用于转换公司可转债 | | | □为维护公司价值及股东权益 | | 累计已回购股数 | 1,129,955 股 | | 累计已回购股数占总股本比例 | 1.64% | | 累计已回购金额 | 4,735.15 万元（不含印花税、交易佣金等交易费用） | | 实际回购价格区间 | 元/股~49.32 元/股 21.20 | 一、 回购股份方案的基本情况 证券代码：688045 证券简称：必易微 公告编号：2024-036 深圳市必易微电子股份有限公司 关于以集中竞价交易方式回购股份进展公告 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、准确性和完整性依法承担法律责任。 上述回购进展符合法律法规的规定及公司回购股份方案。 三、 其他事项 公司将严格按照《 ...

Investment Rating - The report maintains a "Recommended" rating for the company, indicating a positive outlook for its stock performance relative to the benchmark index [10][11]. Core Insights - The company reported a revenue of 136 million yuan in Q1 2024, showing a year-over-year growth of 2.48% but a quarter-over-quarter decline of 12.98%. The net profit attributable to the parent company was 280,000 yuan, marking a turnaround from losses in previous periods [10]. - The company is focusing on optimizing its product structure, which has led to an increase in gross margin to 26.59%, reflecting a 3.57 percentage point increase from the previous quarter. Inventory levels have also decreased, indicating signs of recovery in business operations [10]. - The company is expanding its product offerings in various downstream applications, including new consumer electronics, industrial control, network communications, data centers, and automotive electronics. The introduction of new products is progressing well, with significant advancements in AC-DC, LED drivers, DC-DC converters, battery management chips, and motor drivers [10]. - Future profit projections estimate net profits of 24 million yuan, 61 million yuan, and 105 million yuan for 2024, 2025, and 2026 respectively, with corresponding price-to-earnings ratios of 77, 30, and 18 times [10][12]. Financial Summary - The company is expected to achieve total revenue of 578 million yuan in 2024, with a growth rate of 10.01% [7][12]. - The net profit attributable to the parent company is projected to be 24 million yuan in 2024, reflecting a significant recovery from a loss of 19 million yuan in 2023 [7][12]. - The earnings per share are forecasted to be 0.35 yuan in 2024, increasing to 1.52 yuan by 2026 [12].

Investment Rating - The report maintains a "Recommended" rating for the company, indicating expected performance to exceed the benchmark index by 10%-20% over the next six months [24]. Core Views - The company's profitability is continuously improving, with a recovery in the industry cycle and the successful launch of new products expected to drive gradual performance enhancement [24]. - The company is expanding its product matrix and strategically focusing on high-margin products, leading to steady revenue growth and improved profitability [24]. - The report anticipates that the domestic PMIC manufacturers will benefit from the recovery in terminal demand and accelerated domestic substitution [24]. Financial Summary - For 2024Q1, the company achieved revenue of 136 million yuan, representing a year-on-year increase of 2.48% and a quarter-on-quarter decrease of 12.98% [42]. - The gross margin for the same period was 26.59%, with a year-on-year increase of 4.15 percentage points and a quarter-on-quarter increase of 3.58 percentage points [42]. - The net profit attributable to the parent company turned positive, while the net profit after deducting non-recurring items showed a reduced loss [24][42]. - The company’s R&D investment accounted for 27.54% of revenue, an increase of 5.62 percentage points year-on-year, indicating a strong commitment to innovation and product development [24]. Revenue and Profit Forecast - The forecast for net profit attributable to the parent company for 2024-2026 is 24 million, 55 million, and 95 million yuan, respectively, corresponding to EPS of 0.35, 0.80, and 1.37 yuan [24]. - The expected revenue growth rates are 23.2% for 2024, 27.7% for 2025, and 22.3% for 2026, reflecting a positive outlook for the company's financial performance [8][24]. Market Position and Strategy - The company has established itself as a leading supplier in the driver IC and AC/DC markets, actively expanding into new product areas such as DC/DC, motor/driver, and battery management systems [24]. - The report highlights the company's proactive approach in developing high-power applications and new product lines, which positions it well for future growth [24].

申万宏源证券承销保荐有限责任公司 关于深圳市必易微电子股份有限公司 继续使用部分超募资金及闲置募集资金进行现金管理的核查 意见 申万宏源证券承销保荐有限责任公司（以下简称"申万宏源承销保荐"、 "保荐人"）作为深圳市必易微电子股份有限公司（以下简称"必易微"或"公 司"）首次公开发行股票并在科创板上市的保荐人，根据《上海证券交易所科创 板股票上市规则》《上海证券交易所科创板上市公司自律监管指引第 1 号——规 范运作》《上市公司监管指引第 2 号——上市公司募集资金管理和使用的监管要 求》等有关规定，对必易微继续使用部分超募资金及闲置募集资金进行现金管理 事项进行了审慎核查，具体核查情况和意见如下： 一、现金管理情况概述 （一）现金管理目的 公司及全资子公司本次继续使用部分超募资金及闲置募集资金进行现金管 理是在确保不影响募集资金投资项目（以下简称"募投项目"）实施、不影响公 司募集资金投资计划正常进行、不变相改变募集资金使用用途、不影响公司正常 运营及确保资金安全并有效控制风险的前提下，合理使用公司部分超募资金及闲 置募集资金进行现金管理，提高资金使用效率，以更好地实现公司募集资金的保 值增值，增加公司收益 ...