金融界消息 截至2025年7月30日收盘，炬芯科技（688049）报收于57.96元，下跌1.8%，换手率4.38%， 成交量6.39万手，成交金额3.72亿元。 通过天眼查大数据分析，炬芯科技股份有限公司共对外投资了6家企业，参与招投标项目4次，知识产权 方面有商标信息25条，专利信息465条，此外企业还拥有行政许可25个。 资金流向方面，今日主力资金净流出1600.49万元，占比成交额4.3%。其中，超大单净流出728.41万 元、占成交额1.96%，大单净流出872.08万元、占成交额2.34%，中单净流出流入3947.88万元、占成交 额10.61%，小单净流出2347.39万元、占成交额6.31%。 来源：金融界 天眼查商业履历信息显示，炬芯科技股份有限公司，成立于2014年，位于珠海市，是一家以从事软件和 信息技术服务业为主的企业。企业注册资本14613.6404万人民币，实缴资本9150万人民币。公司法定代 表人为周正宇。 炬芯科技最新一期业绩显示，截至2025一季报，公司营业总收入1.92亿元、同比增长62.03%，归属净利 润4144.97万元，同比增长385.67%，扣非净利润3861.6 ...

金融界消息 截至2025年7月29日收盘，炬芯科技（688049）报收于59.02元，上涨3.33%，换手率 5.96%，成交量8.71万手，成交金额5.07亿元。 资金流向方面，今日主力资金净流入1947.03万元，占比成交额3.84%。其中，超大单净流入78.26万 元、占成交额0.15%，大单净流入1868.77万元、占成交额3.68%，中单净流出流入2259.34万元、占成交 额4.45%，小单净流出4206.37万元、占成交额8.29%。 来源：金融界 炬芯科技最新一期业绩显示，截至2025一季报，公司营业总收入1.92亿元、同比增长62.03%，归属净利 润4144.97万元，同比增长385.67%，扣非净利润3861.61万元，同比增长606.03%，流动比率9.275、速动 比率7.973、资产负债率10.29%。 天眼查商业履历信息显示，炬芯科技股份有限公司，成立于2014年，位于珠海市，是一家以从事软件和 信息技术服务业为主的企业。企业注册资本14613.6404万人民币，实缴资本9150万人民币。公司法定代 表人为周正宇。 通过天眼查大数据分析，炬芯科技股份有限公司共对外投资了6家企业， ...

Core Viewpoint - The company has announced adjustments to its profit distribution and capital reserve conversion plan for the year 2024, including changes in cash dividends and stock increases [1][2]. Summary by Sections Profit Distribution Adjustments - The cash dividend per 10 shares remains at 2.30 RMB (including tax), while the total cash dividend amount has been adjusted from 33,308,237.98 RMB (including tax) to 33,385,932.90 RMB (including tax) [1][4]. - The number of shares to be increased from capital reserves remains unchanged at 2 shares for every 10 shares held, with the total number of shares increased adjusted from 28,963,685 shares to 29,031,246 shares [1][4]. Reasons for Adjustments - The adjustments were made due to the company's share buyback activities and the completion of the first vesting period of the 2024 restricted stock incentive plan, which resulted in 925,840 shares being vested from shares repurchased by the company [2][3]. Total Share Capital Changes - As of February 28, 2025, the company's total share capital, after deducting shares held in the repurchase account, was adjusted from 144,818,426 shares to 145,156,230 shares [3][4]. - Following the adjustments, the total share capital will increase to 175,167,650 shares after the capital reserve conversion [4].

Core Points - The company announced the first vesting results of the 2024 restricted stock incentive plan, with a total of 925,840 shares to be vested [1][4] - The shares for this vesting come from the company's repurchase of its A-share common stock from the secondary market [1][5] Group 1: Decision Process and Disclosure - The company has completed the necessary decision-making procedures and disclosed relevant information regarding the incentive plan [1] - The board and the supervisory committee have approved various proposals related to the incentive plan, including the draft and management measures [2][4] Group 2: Vesting Details - A total of 117 individuals are eligible for the vesting, with 92,584 shares being vested, representing 38.90% of the total granted shares [3][4] - Among the 123 initial grantees, two individuals left the company and their unvested shares were canceled [4] Group 3: Financial and Registration Information - The total monetary contribution received from the 117 grantees for the vested shares amounts to CNY 16,752,040 [5] - The registration procedures for the vested shares have been completed, and the company's total share capital remains unchanged [5]

重要内容提示： 根据中国证券监督管理委员会、上海证券交易所、中国证券登记结算有限责 任公司有关业务规则的规定，炬芯科技股份有限公司（以下简称"公司"）于近 日收到中国证券登记结算有限责任公司出具的《过户登记确认书》，公司已完成 2024 年限制性股票激励计划首次授予部分第一个归属期第一次股份归属登记工作。 现将相关情况公告如下： 一、 本次限制性股票激励计划已履行的决策程序和信息披露情况 证券代码：688049 证券简称：炬芯科技 公告编号：2025-046 炬芯科技股份有限公司 关于 2024 年限制性股票激励计划首次授予部分第一个 归属期第一次归属结果公告 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。 4、2024 年 7 月 8 日，公司召开 2024 年第二次临时股东大会，审议并通过了 《关于<2024 年限制性股票激励计划（草案）>及其摘要的议案》《关于制定<2024 年限制性股票激励计划实施考核管理办法>的议案》《关于提请股东大会授权董事 会办理 2024 年限制性股票激励计划相关事宜的议案》。2024 年 ...

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： 炬芯科技股份有限公司（以下简称"公司"）2024 年度利润分配拟每 10 股 派发现金红利 2.30 元（含税）不变，调整现金分红总额由人民币 33,308,237.98 元（含税）调整为 33,385,932.90 元（含税）。 公司 2024 年度拟向全体股东每 10 股以资本公积转增 2 股不变，转增股本的 数量由 28,963,685 股调整为 29,031,246 股（最终以中国证券登记结算有限责任 公司上海分公司登记结果为准）。 本次调整原因：自公司 2024 年度利润分配及资本公积转增股本方案披露之 日起至本公告披露日，公司通过上海证券交易所交易系统以集中竞价方式实施股 份回购以及 2024 年限制性股票激励计划首次授予部分第一个归属期第一次归属 完成，归属股份 925,840 股，股票来源于公司回购专用证券账户回购的股票。公 司总股本扣除公司回购专用证券账户中股份的基数由 144,818,426 股调整为 145,156,230 股。公司拟维持 ...

Core Viewpoint - The Shanghai Smart Home Index has shown positive performance, with significant increases over various time frames, indicating a growing interest and investment in the smart home sector [2]. Group 1: Index Performance - The Shanghai Smart Home Index has increased by 5.01% over the past month, 3.70% over the past three months, and 8.44% year-to-date [2]. - The index is based on a sample of publicly listed companies in the smart home sector, including component manufacturers, terminal device manufacturers, system integrators, and service providers [2]. Group 2: Index Composition - The top ten weighted companies in the Shanghai Smart Home Index include Industrial Fulian (2.6%), Ecovacs (2.59%), Cambridge Technology (2.25%), and others, reflecting a diverse range of companies within the smart home industry [2]. - The index is composed entirely of companies listed on the Shanghai Stock Exchange, with a sector breakdown of 60.15% in Information Technology, 21.89% in Consumer Discretionary, 12.21% in Communication Services, and 5.74% in Industrials [3]. Group 3: Index Adjustment Mechanism - The index samples are adjusted biannually, with changes implemented on the next trading day following the second Friday of June and December [3]. - Weight factors are generally fixed until the next scheduled adjustment, with provisions for temporary adjustments in special circumstances such as delisting or corporate restructuring [3].

Market Overview - The main funds in the Shanghai and Shenzhen markets experienced a net outflow of 14.265 billion yuan, while the Sci-Tech Innovation Board saw a net inflow of 722 million yuan [1] - A total of 257 stocks had net inflows, while 332 stocks had net outflows [1] Sci-Tech Innovation Board Performance - On the Sci-Tech Innovation Board, 379 stocks rose, with two stocks hitting the daily limit up, including Puyuan Information and Awei New Materials, while 200 stocks declined [1] - The top three stocks with the highest net inflow of funds were Cambrian Technology (76.922 million yuan), Haiguang Information (11.294 million yuan), and Hengxuan Technology (8.704 million yuan) [2] Continuous Fund Flow - There are 56 stocks that have seen continuous net inflows for more than three trading days, with Zhongkong Technology leading at seven consecutive days [2] - Conversely, 136 stocks have experienced continuous net outflows, with Guanda Materials leading at 18 consecutive days [2] Key Stocks with Fund Inflows - Cambrian Technology: 76.922 million yuan net inflow, 13.66% inflow rate, and a 4.90% increase [2] - Haiguang Information: 11.294 million yuan net inflow, 5.21% inflow rate, and a 0.63% increase [2] - Hengxuan Technology: 8.704 million yuan net inflow, 9.51% inflow rate, and a 0.63% increase [2] Key Stocks with Fund Outflows - Juchip Technology: 9.357 million yuan net outflow, with a 3.22% decrease [1] - SMIC: 8.240 million yuan net outflow [1] - Sitaiwei: 6.821 million yuan net outflow [1]

Investment Rating - The report maintains a "Strong Buy" rating for the company, expecting it to outperform the benchmark index by over 20% in the next six months [22]. Core Views - The company is projected to achieve a revenue of 449 million yuan in the first half of 2025, representing a year-on-year increase of 60.07%, and a net profit of 91 million yuan, reflecting a year-on-year growth of 122.28% [1]. - The second quarter of 2025 is expected to see revenues of 257 million yuan, up 58.64% year-on-year and 33.91% quarter-on-quarter, with a net profit of 50 million yuan, marking a year-on-year increase of 52.91% [1]. - The company is focusing on the commercialization of its CIM edge products, driven by strong demand for low-power, high-performance edge devices in the AI sector [7]. Financial Summary - Total revenue is forecasted to grow from 652 million yuan in 2024 to 1.663 billion yuan by 2027, with a compound annual growth rate (CAGR) of 30.4% [3]. - Net profit is expected to increase from 107 million yuan in 2024 to 354 million yuan in 2027, with a CAGR of 33.9% [3]. - The earnings per share (EPS) is projected to rise from 0.73 yuan in 2024 to 2.42 yuan in 2027 [3]. - The company’s price-to-earnings (P/E) ratio is estimated to decrease from 78 times in 2024 to 23 times in 2027, indicating improving valuation [3]. Product Development and Market Position - The company is a leading low-power AIoT chip designer, focusing on the mid-to-high-end smart audio SoC market, and is a major supplier for Bluetooth audio SoCs [7]. - The introduction of the MMSCIM architecture is aimed at meeting the growing demand for low-power edge AI products, with significant advancements in product penetration and sales growth [7]. - The company has successfully launched several AI audio chips and is actively working on the second generation of CIM technology to enhance performance and efficiency [7].

Investment Rating - The investment rating for the company is "Buy" (maintained) [1] Core Views - The company achieved a record high in Q2 2025, with revenue of 258 million yuan, representing a year-on-year increase of 59% and a quarter-on-quarter increase of 35%. The net profit attributable to the parent company reached 50 million yuan, up 53% year-on-year and 20% quarter-on-quarter, indicating strong growth driven by AI technology [8] - The company is heavily investing in R&D, with over 70 million yuan allocated in Q2 2025, marking significant growth compared to previous periods. The focus is on developing the second-generation in-memory computing chip technology [8] - The transformation of edge products towards AI has shown impressive results, with strong downstream demand. The company has successfully introduced its first-generation in-memory computing technology into various leading brands, leading to significant sales growth [8] Financial Forecasts - Revenue projections for 2025-2027 have been slightly adjusted to 9.25 billion yuan, 11.87 billion yuan, and 14.85 billion yuan respectively, with net profit forecasts of 1.9 billion yuan, 2.7 billion yuan, and 3.7 billion yuan for the same years. The corresponding P/E ratios are 44, 31, and 22 [8][9]