登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：688047 证券简称：龙芯中科 公告编号：2025-004 龙芯中科技术股份有限公司 关于近期关税相关政策对公司影响的自愿性披露公告 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。 近日，美国政府宣布实施"对等关税"政策，对全球贸易伙伴加征关税，引发市场高度关注。龙芯中科技 术股份有限公司（以下简称"公司"）持续关注全球贸易政策，经公司初步评估，本次美国加征关税，对 公司无负面影响。 目前公司各项业务稳步推进，经营及财务情况正常，基于2022-2024年三年转型的成果，新一代产品性 价比竞争力提升，公司正在进入新一轮的可持续增长周期。 公司将持续关注和跟进后续事件的发展情况，进一步分析和评估对公司的潜在影响，并持续与各相关方 进行沟通，做好各项应对工作。同时，公司将严格遵守相关规则，及时履行信息披露义务，敬请广大投 资者注意投资风险。 特此公告。 龙芯中科技术股份有限公司董事会 2025年4月10日 一、公司坚持基于自主指令系统构建独立于X86体系和ARM体系的 ...

证券代码：688047 证券简称：龙芯中科 公告编号：2025-004 龙芯中科技术股份有限公司 关于近期关税相关政策对公司影响的自愿性披露公告 特此公告。 龙芯中科技术股份有限公司董事会 2025 年 4 月 10 日 二、截至目前，公司无来自美国的收入，本次美国加征关税，对公司无负面 影响。 目前公司各项业务稳步推进，经营及财务情况正常，基于 2022-2024 年三 年转型的成果，新一代产品性价比竞争力提升，公司正在进入新一轮的可持续 增长周期。 公司将持续关注和跟进后续事件的发展情况，进一步分析和评估对公司的 潜在影响，并持续与各相关方进行沟通，做好各项应对工作。同时，公司将严 格遵守相关规则，及时履行信息披露义务，敬请广大投资者注意投资风险。 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。 近日，美国政府宣布实施"对等关税"政策，对全球贸易伙伴加征关税，引 发市场高度关注。龙芯中科技术股份有限公司（以下简称"公司"）持续关注全 球贸易政策，经公司初步评估，本次美国加征关税，对公司无负面影响。 一、公司坚持基于自主 ...

龙芯中科：公司不依赖国外技术授权 从芯片研发、生产到软件生态三个环节提高自主可控度 《科创板日报》9日讯，龙芯中科(688047.SH)公告称，公司持续关注全球贸易政策，初步评估美国加征 关税对公司无负面影响。公司坚持自主指令系统LoongArch，不依赖国外技术授权，从芯片研发、生产 到软件生态三个环节提高自主可控度。目前公司无来自美国的收入，各项业务稳步推进，经营及财务情 况正常。公司将持续关注事件发展，分析潜在影响，并及时履行信息披露义务。 ...

龙芯中科：本次美国加征关税，对公司无负面影响 金十数据4月9日讯，龙芯中科公告，近日，美国政府宣布实施"对等关税"政策，对全球贸易伙伴加征关 税，引发市场高度关注。龙芯中科技术股份有限公司持续关注全球贸易政策，经公司初步评估，本次美 国加征关税，对公司无负面影响。目前公司各项业务稳步推进，经营及财务情况正常，基于2022-2024 年三年转型的成果，新一代产品性价比竞争力提升，公司正在进入新一轮的可持续增长周期。 ...

国信证券亦表示，国际贸易摩擦加剧有望加速半导体国产替代进程，建议重点关注模拟芯片板块，一方 面，模拟芯片国产化率较低，且全球前两大模拟芯片企业均为美国厂商，另一方面，我国模拟芯片企业 近几年加大研发投入，储备了众多新料号，且模拟芯片采用成熟制程，国内产能充足，具有国产替代的 能力和空间。同时，4月进入2024年年报和2025年一季报密集披露期，业绩变化趋势受到关注，模拟芯 片企业前两年整体盈利水平偏低，2025年随着新产品放量、下游去库完成，以及2024年开始的毛利率修 复和控费，业绩改善趋势明显。 中信证券认为，在当前时点，自主可控继续成为重要且紧迫的任务，短期模拟芯片方向最受益，长周期 维度下低国产化率细分赛道均有望受益。另外，预计受益于科技强国趋势，科技产业领域会出现更多自 上而下的资源整合趋势，加速解决卡脖子问题。为解决需求问题，未来中国民族品牌出海，拓展美国以 外的市场仍是大势所趋，配合民族品牌出海的全球化布局的供应链龙头中长期也有望受益于品牌端格局 洗牌趋势，同时受益于国内高效率的成本优势。 半导体板块9日盘中大幅走高，截至发稿，华岭股份30%涨停，国民技术（300077）20%涨停，台基股 份（ ...

Summary of Conference Call Company and Industry Involved - The discussion primarily revolves around **Longxin Technology** (龙兴中科) and the **AI** and **military industrial sectors** in China. Core Points and Arguments 1. **AI Integration in Finance and Security**: The company emphasizes the importance of AI in financial services and security, highlighting the growth of subscription-based models in these sectors, such as the $69 monthly subscription for certain AI services [2] 2. **Military Industrial Sector**: The military industrial sector is identified as a critical area for growth, particularly in AR applications, which are deemed essential for the sector's development [3] 3. **Revenue Growth in Domestic Chip Production**: Despite overall revenue pressures, domestic chip production, particularly in general-purpose CPUs, has seen significant growth, with a year-on-year increase exceeding 100% to 150% [4] 4. **Government Support for Domestic Technology**: The government is actively supporting domestic technology initiatives, with Longxin capturing 63% of procurement contracts, significantly outpacing ARM's 37% [5] 5. **Market Differentiation**: There is a noticeable differentiation in the performance of previously popular companies within the tech sector, indicating a shift in market dynamics [6] 6. **Rapid Deployment of Integrated Machines**: The integrated machine sector is highlighted as a rapidly developing area, driven by strong demand within government systems [7] 7. **Shift in Chip Replacement Strategy**: The strategy for chip replacement has evolved from merely replacing traditional chips to ensuring compatibility with advanced AI applications, indicating a fundamental change in market requirements [8] 8. **Local Deployment of AI Solutions**: Longxin has successfully implemented local deployments of AI solutions, enhancing operational efficiency and reducing reliance on cloud services [10] 9. **Collaboration with Partners**: Longxin is collaborating with various partners to support the internationalization of its chip systems and frameworks [11] 10. **Valuation and Market Potential**: The company believes that the valuation and market potential for AI and military applications will need to be restructured, reflecting the changing landscape [12] 11. **Long-term Growth Expectations**: The company maintains a long-term growth outlook, projecting a conservative revenue growth rate of 25% to 30% over the next 3 to 5 years [18] 12. **Impact of Large Models on Industry**: The emergence of large AI models is seen as a significant trend that will affect various sectors, including database management and programming [19] 13. **Overall Market Opportunities**: The company anticipates that the current market conditions will present significant opportunities for growth, similar to the internet boom experienced in 2013 [21] Other Important but Overlooked Content - The company has a cautious communication strategy, often under-promising and over-delivering on performance expectations, which may lead to market surprises [16] - The discussion includes insights into the performance of other companies in the sector, indicating a broader trend of improving profitability and revenue growth across the industry [20] - The call concludes with a recommendation for continued monitoring of developments in AI, military applications, and government initiatives [22]

证券代码：688047 证券简称：龙芯中科 公告编号：2025-003 龙芯中科技术股份有限公司 关于变更签字注册会计师的公告 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。 龙芯中科技术股份有限公司（以下简称"公司"）于 2024 年 9 月 20 日、2024 年 10 月 9 日分别召开了第二届董事会第六次会议、2024 年第一次临时股东大会， 审议通过了《关于变更 2024 年度会计师事务所的议案》，同意变更公司 2024 年度财务和内部控制审计机构为中兴华会计师事务所（特殊普通合伙）（以下简 称"中兴华"）。具体内容详见公司于 2024 年 9 月 24 日在上海证券交易所网站 （www.sse.com.cn）披露的《龙芯中科关于拟变更 2024 年度会计师事务所的公 告》（2024-039）。 近日，公司收到中兴华送达的《关于变更签字会计师的告知函》，现将相关 变更情况公告如下： （三）独立性 上述人员不存在可能影响独立性的情形。 三、本次变更对公司的影响 中兴华为公司 2024 年度财务报表和内部控制的审计机 ...

Financial Performance - Total revenue for 2024 reached RMB 506.89 million, a slight increase of 0.24% compared to the previous year[6] - Net profit attributable to the parent company was RMB -623.76 million, a decrease of RMB 294.32 million year-on-year[6] - Basic earnings per share were RMB -1.56, compared to RMB -0.82 in the previous year[4] Assets and Equity - Total assets at the end of the reporting period were RMB 3,509.41 million, down 14.66% from the beginning of the period[6] - Equity attributable to the parent company decreased by 17.21% to RMB 2,938.18 million[6] Revenue Composition - The company's gross margin was impacted by a significant decline in revenue from industrial control chips, while revenue from information technology chips increased substantially[6][7] - The company actively reduced revenue from solution-based businesses, leading to a significant decline in that segment[6] Impairment and Losses - The company reported an increase in credit impairment losses and asset impairment losses, expected to exceed RMB 200 million[7] Overall Trends - The overall performance indicates a stabilization trend despite challenges in traditional markets[6] - The financial data presented is preliminary and subject to final audit in the annual report[5]

Investment Rating - The report maintains a "Recommended" rating for the company, indicating a positive outlook despite short-term performance challenges [2][12]. Core Viewpoints - The company is experiencing short-term pressure on its performance, with a forecasted revenue of approximately 506 million yuan for 2024, remaining stable compared to the previous year. However, the expected net profit attributable to shareholders is projected to decline significantly to -619 million yuan, a decrease of about 87.89% year-on-year [3][6]. - The company is actively addressing operational pressures and is optimistic about long-term growth potential, particularly in the AI and information technology sectors. The local deployment of AI models using the company's processors is seen as a significant advancement [5][12]. Summary by Sections Financial Performance - The company anticipates a revenue of approximately 506.53 million yuan for 2024, which is nearly flat compared to the previous year. The net profit is expected to drop to -617.82 million yuan, reflecting a year-on-year decline of 87.54% [3][13]. - The company has reported a significant increase in sales of information technology products, which has positively impacted gross margins, although overall gross margin levels have not fully recovered due to high fixed costs and declining contributions from industrial control chip revenues [4][6]. Market Position and Strategy - The company is leveraging its strengths in the electronic government market, which is beginning to recover, and is focusing on the cost-performance advantages of its new products, such as the 3A6000 and 2K0300 processors [4][5]. - The collaboration with industry partners to deploy AI models locally is a strategic move to enhance productivity and reduce reliance on cloud services, which is expected to benefit the company in the evolving "AI + information technology" landscape [5][12]. Future Outlook - The company is projected to return to a growth cycle in the second half of 2024, driven by the recovery in the electronic government market and the successful deployment of new products [4][6]. - The forecast for net profit for 2025 and 2026 is set at 13.34 million yuan and 88.74 million yuan, respectively, indicating a potential recovery in profitability [12][13].

Investment Rating - The report maintains a "Recommended" rating for the company, indicating a positive outlook despite short-term performance challenges [2][12]. Core Insights - The company is experiencing short-term pressure on its performance, with a projected revenue of approximately 506 million yuan for 2024, remaining stable compared to the previous year. However, the net profit attributable to shareholders is expected to decline significantly to -619 million yuan, a decrease of about 87.89% year-on-year [3][4]. - The company is actively exploring AI integration with its products, achieving local deployment of AI models, which is expected to enhance operational efficiency and align with industry trends [5][12]. Summary by Sections Financial Performance - The company anticipates a revenue of 5.06 billion yuan for 2024, which is roughly flat year-on-year. The net profit is expected to decrease by approximately 290 million yuan compared to the previous year, resulting in a projected loss of 619 million yuan [3][4]. - The company has seen a significant decline in its solution business, while chip product revenues have increased substantially. The overall gross margin remains under pressure due to high fixed costs and reduced contributions from industrial control chip revenues [4][6]. Market Position and Strategy - The company is recognized as a leader in domestic CPU development, focusing on processor and supporting chip research, sales, and services. It has established a comprehensive market collaboration in various sectors, including electronic government, energy, transportation, finance, telecommunications, and education [6][12]. - The company is leveraging its new products' cost-performance advantages to capture opportunities in the recovering electronic government market, aiming for revenue growth in the latter half of 2024 [4][6]. Future Outlook - The company has adjusted its net profit forecasts for 2024-2026 to -618 million yuan, 13 million yuan, and 89 million yuan, respectively, reflecting a cautious but optimistic long-term growth potential [12][13]. - The current stock price corresponds to a price-to-sales (PS) ratio of 105, 80, and 58 for 2024-2026, indicating a premium valuation relative to expected earnings [12][13].