Group 1 - Longxin Zhongke and Antiy have completed the adaptation certification work for the Antiy WEB application protection system V3.0 [1] - The collaboration between Antiy's security protection technology and Longxin hardware provides customers with a stable, reliable, and secure domestic security protection solution [2] - The adapted environment utilizes the Longxin 3C5000 dual-server, paired with the Longxin operating system (Anolis0S-8.9-loongarch64-dvd), supporting up to 8 million concurrent sessions and achieving an application layer throughput of 5 Gbps with a connection rate of 60,000 connections per second [2]

证券代码：688047 证券简称：龙芯中科 | --- | --- | --- | |-----------------------------|--------------------------|----------------------------------------------------------| | | | | | | □ | 特定对象调研 □分析师会议 | | | □ | 媒体采访 □业绩说明会 | | 投资者关系活动类别 | □ 新闻发布会 □路演活动 | | | | √ 现场参观 | □其他 | | 参与单位名称 | 富国基金、华泰证券 | | | 时间 | 2024 年 11 月 13 | 日 | | 地点 | | 北京市海淀区中关村环保科技示范园龙芯产业园 2 号楼 | | 上市公司接待人员 | | 董事会秘书-李晓钰、证券事务代表-李琳 | | 投资者关系活动主要 内容介绍 | 1 | 、龙芯目前毛利率偏低，是否和规模效应有关？后续公司毛 | | | 利率是否会有提升？ | 是的，规模效应是一方面原因，当芯片销量不够高的时候， | | | | 单颗芯片分摊的固定成本会比较高。 ...

Investment Rating - The report maintains an "Add" rating for the company [2][3] Core Views - The company has a cost advantage due to its self-developed instruction architecture and core IP, which does not incur licensing fees. The performance of its desktop chip 3A6000 has improved by 60% in single-core and 100% in multi-core compared to 3A5000, and it has already been validated in the market with bulk sales. The server chip 3C6000 is expected to complete productization by Q2 2025 [3][4] - The company achieved a revenue of 308 million yuan in the first three quarters of 2024, a year-on-year decline of 21.94%, with a net loss attributable to shareholders of 343 million yuan, compared to a loss of 207 million yuan in the same period last year [4][5] - The company is focusing on enhancing its sales capabilities while maintaining R&D investments, with a gross margin of 29.97% in the first three quarters of 2024, down 5.82 percentage points year-on-year [5][6] Financial Summary - Revenue for 2024 is projected to be 674 million yuan, with a year-on-year growth of 33.3%. The net profit attributable to shareholders is expected to be a loss of 159 million yuan, improving from a loss of 329 million yuan in 2023 [2][4] - The gross margin is expected to improve to 42.5% in 2024 and further to 45.3% by 2026 [2][4] - The company’s cash flow from operating activities was -266 million yuan in the first three quarters of 2024, slightly better than -282 million yuan in the same period last year [5][6]

证券代码：688047 证券简称：龙芯中科 龙芯中科技术股份有限公司 投资者关系活动记录表 | --- | --- | --- | |-----------------------------|---------------------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------| | | □ | 特定对象调研 □分析师会议 | | | □ | 媒体采访 □业绩说明会 | | 投资者关系活动类别 | □ | 新闻发布会 □路演活动 | | | √ 现场参观 | □其他 | | 参与单位名称 | 金、上银基金、中航基金 ...

Summary of Conference Call Records Company Overview - **Company**: Longxing Zhongke - **Period**: Q3 2024 Financial Performance - **Revenue**: 308 million, down 21.94% year-on-year [1] - **Gross Margin**: Approximately 30%, a decline from previous year [1] - **Net Loss**: 343 million, with a deduction amount of 371 million [1] - **Cash Flow**: Negative cash flow of 266 million [1] - **Economic Return Rate**: Negative 10.14% [1] - **US Stock Return Rate**: Negative 0.86% [1] Revenue Composition - **Public Chips**: Revenue of 74 million, down 44.75% year-on-year, but the decline is narrowing compared to a 51.86% drop in the first half of the year [1] - **Information Technology Chips**: Revenue of 140 million, up 114% year-on-year, driven by the introduction of new products [2] - **Solutions**: Revenue dropped from 190 million to 90 million, with a year-on-year increase in gross margin [2] Market Trends and Strategies - **Sales Strategy**: Adjusted to reduce sales of integrated solutions while focusing on chip sales, leading to a decrease in overall revenue [2][4] - **R&D Investment**: Stable at 390 million, with a focus on improving efficiency [4] - **Product Development**: Emphasis on self-developed chips to avoid high costs associated with purchasing IP licenses [4] Future Outlook - **2024 Predictions**: Anticipation of a recovery in the second half of 2024, with a focus on increasing market share and product competitiveness [5][6] - **New Product Launches**: Introduction of new chips aimed at enhancing cost-performance ratio, targeting open markets [5][6] - **Sales Growth**: Expected sustainable growth in sales, moving away from reliance on policy-driven markets [6][7] Product Development Insights - **Chip Development**: Ongoing development of various chips, including general-purpose CPUs and embedded chips, with a focus on performance and cost [10][11] - **GPGPU Chips**: Development of GPGPU architecture aimed at competing with major players like NVIDIA [16] - **Software Ecosystem**: Progress in building a software ecosystem to support new architectures and applications [18][19] Key Challenges - **Market Competition**: Increased competition in the chip market, necessitating continuous improvement in product performance and cost [7][9] - **R&D to Market Transition**: Shift in focus from R&D to market sales, requiring adjustments in sales strategies and pricing [9][10] Additional Notes - **Community Engagement**: Building a robust community around the new architecture to support software development and application compatibility [26][28] - **Cross-Platform Compatibility**: Efforts to ensure compatibility with existing operating systems and applications, enhancing user experience [21][22] This summary encapsulates the key points from the conference call, highlighting the company's financial performance, market strategies, product development, and future outlook.

本公司董事会、全体董事及相关股东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： 大股东持股的基本情况 龙芯中科技术股份有限公司 股东减持股份结果公告 证券代码：688047 证券简称：龙芯中科 公告编号：2024-045 二、减持计划的实施结果 （一）大股东因以下事项披露减持计划实施结果： 本次减持计划实施前，龙芯中科技术股份有限公司（以下简称"公司"）股 东林芝鼎孚创业投资管理有限公司-宁波中科百孚创业投资基金合伙企业（有限 合伙）（以下简称"中科百孚"）持有公司股份 30,010,100 股，占公司总股本比 例为 7.48%。上述股份来源均为公司 IPO 前取得的股份，除中科百孚持有公司股 份的 374,668 股外，其他股份均已于 2023 年 6 月 26 日起解除限售并上市流通。 减持计划的实施结果情况 2024 年 10 月 1 日，公司于上海证券交易所网站（www.sse.com.cn）披露了 《龙芯中科股东减持股份计划公告》（2024-041），中科百孚计划通过集中竞价交 易和/或大宗交易的方式减持其持有的公司 ...

Investment Rating - The report maintains a "Recommended" rating for the company, indicating a positive outlook based on expected performance relative to market benchmarks [3]. Core Insights - The company's performance aligns with expectations, showing signs of stabilization and recovery in its information technology business. The third quarter saw a revenue increase of 2.05% year-on-year, while losses narrowed [2][3]. - The information technology chip segment has shown significant growth, with a revenue increase of 16.70% year-on-year in Q3, driven by recovering demand in the downstream market and continuous product iterations [2][3]. - The company is focusing on enhancing its core product competitiveness and is expected to benefit from the ongoing recovery in the domestic market and the deepening of domestic substitution policies [3]. Financial Performance Summary - For the first three quarters of 2024, the company reported a total revenue of 308 million yuan, a decrease of 21.94% year-on-year, and a net loss attributable to shareholders of 343 million yuan, an increase in loss of 65.67% [1]. - In Q3 alone, the company achieved a revenue of 88 million yuan, marking a 2.05% increase year-on-year, with a net loss of 105 million yuan, which is a 1.47% increase in loss compared to the previous year [1][2]. - The projected net profits for 2024-2026 are expected to be -196.48 million yuan, 7.06 million yuan, and 87.45 million yuan, respectively, with corresponding EPS of -0.49, 0.02, and 0.22 yuan [3][5]. Business Segment Analysis - The information technology chip revenue for the first three quarters reached 142 million yuan, a substantial increase of 114.18% year-on-year, attributed to the recovery in demand and product improvements [3]. - The industrial control sector faced temporary setbacks due to halted purchases from key clients in the security application area, but new market opportunities in sectors like energy and transportation are emerging [3]. Market Position and Future Outlook - The company is committed to building a self-controlled ecosystem and enhancing the competitiveness of its main products. With the recovery of the information technology market and the deepening of domestic substitution trends, the company's performance is expected to stabilize and improve [3].

证券代码：688047 证券简称：龙芯中科 龙芯中科技术股份有限公司 投资者关系活动记录表 | --- | --- | --- | |--------------------|--------------------------|--------------------------------------------------------------------| | | | | | | □ | 特定对象调研 □分析师会议 | | | □ | 媒体采访 □业绩说明会 | | 投资者关系活动类别 | □ 新闻发布会 □路演活动 | | | | □ 现场参观 | √其他 线上方式 | | 参与单位名称 | 详见附件 | | | 时间 | 2024 年 10 月 29 | 日 | | 地点 | | 北京市海淀区中关村环保科技示范园龙芯产业园 2 号楼 | | 上市公司接待人员 | | 董事长、总经理-胡伟武；董事会秘书-李晓钰；财务总监 - 曹砚财 | | 投资者关系活动主要 | 1 、公司 6000 | 系列的芯片，我觉得算是公司后续的主力芯片， | | 内容介绍 | 请问下游哪些行业对我们 | 6000 系列 ...

2020年下半年不是二季度在二季度的说明上讲下半年对龙行来说是个三期叠加现在看来这个判断还是正确的我要重复一下强调一下就是2020年到2024年我们龙行交货三年研发转型转型的目标就是大幅提高性价比争取走向台湾市场 那么我们有三金剑客A6000、34600、2K3000以及三尖兵要专用的切入芯片以这个6个芯片为主要目标那是三年研发表现的攻坚器那么龙线三剑客和三尖兵这个是标红的就是属于产品它有PMI底侧的346000和EC203是属于样品阶段一片成功了 还没有卖货的小批量的在给用户试用蓝色的就已经是胶布镂片了我们研发做完了那么有差半年基本上七八月份就做完了三季度是有些流通的所为那么要尽快完成全面产品化并推销是很简单一般来说同样的一套产品大芯片需要一年小芯片三到六个月是需要的因为这是一个半年研发转型最后的半年 第二个判断就是龙津销售新一轮整转的启动期我们龙津的销售收入在2023年两年都是萎缩的那么2020年下半年我们要开始重新进入整转周期而且我们希望这些整转周期比较可持续比较良性能够逐步摆脱对政策性市场的依赖那么现在看来这个判断还是正确的 我们在更加稳定的销售策略下所谓更加稳定的销售策略呢一是我前面说了就是我们整机 ...

《科创板日报》10月29日讯（记者 郭辉）龙芯中科今日（10月29日）盘后发布2024年第三季度财务报 告。 公告数据显示，该公司前三季度实现营收3.08亿元，同比减少21.94%；归母净利润为-3.43亿元，较去年 同期亏损扩大1.36亿元。 单季度来看，今年第三季度，该公司营收为8819万元，同比增长2.05%；归母净利润为-1.05亿元，亏损 规模与去年同期基本持平，环比今年第二季度减亏近6000万元。 关于今年前三季度的业绩变动原因，龙芯中科表示，一方面受宏观经济环境、电子政务市场和公司传统 优势工控领域部分重要客户尚未恢复正常采购的影响；另一方面，随着龙芯芯片产品竞争力提升，芯片 销售收入相应提高，公司调整销售策略，减少了整机型解决方案的销售。 值得关注的是，财报显示，今年前三季度龙芯中科的资产减值损失达4246万元，而去年同期仅为116万 元；同时今年前三季度的信用减值损失也高达3462万元，高于去年同期的993万元。 龙芯中科在近期接受机构调研时表示，上半年信息化业务毛利率为21.55%，同比有所增加，后续会继 续增长。其原因一方面是目前批量出货的桥片是2021年产能最紧张时生产，成本较高，后续 ...