Investment Rating - The investment rating for the company is "Buy" and is maintained [9]. Core Insights - In 2024, the company achieved a revenue of 5.926 billion yuan, representing a year-on-year increase of 10.34%. The net profit attributable to shareholders was 822 million yuan, up 65.03% year-on-year, while the net profit excluding non-recurring items reached 746 million yuan, reflecting a 93.97% increase year-on-year [2][6][12]. - The fourth quarter of 2024 saw a revenue of 1.286 billion yuan, which was a decrease of 15.00% year-on-year and a 20.79% decline quarter-on-quarter. The net profit attributable to shareholders for Q4 was 228 million yuan, up 23.79% year-on-year but down 1.52% quarter-on-quarter [2][12]. - The company emphasizes research and development, with R&D expenses amounting to 1.353 billion yuan in 2024, a 5.46% increase year-on-year, representing 22.83% of total revenue [12]. Summary by Sections Financial Performance - The company reported a total revenue of 5.926 billion yuan for 2024, with a gross profit of 2.166 billion yuan, yielding a gross margin of 37% [16]. - The projected net profits for 2025, 2026, and 2027 are estimated to be 1.129 billion yuan, 1.460 billion yuan, and 1.779 billion yuan respectively [16]. Product Development - The company has successfully launched new products, including 6nm chips, which are expected to achieve sales of over 10 million units in 2025. The 8K chips have captured all domestic market shares and received orders from top international operators [12]. - The Wi-Fi 6 2*2 chips sold over 1.5 million units in 2024, with expectations for accelerated growth in 2025 [12]. Market Expansion - The S series products continue to gain market share in domestic operator tenders, while the T series chips have seen over 30% year-on-year sales growth, with further international market expansion anticipated [12]. - The company is diversifying its product lines and expanding into automotive and AIoT sectors, which are expected to drive long-term growth [12].

近期晶晨股份(688099)发布2024年年报，证券之星财报模型分析如下： 晶晨股份(688099)发布的2024年年报显示，公司在报告期内实现了显著的盈利增长。营业总收入达到 59.26亿元，同比上升10.34%；归母净利润为8.22亿元，同比上升65.03%；扣非净利润为7.46亿元，同比 上升93.97%。尤其值得注意的是，第四季度尽管营业总收入同比下降15.0%，但归母净利润仍同比上升 23.79%，扣非净利润更是同比上升63.11%。 公司在2024年的财务健康状况表现良好。货币资金为29.59亿元，同比增加了18.01%；应收账款为1.77 亿元，同比减少了18.97%；有息负债为3406.83万元，同比减少了50.49%。此外，三费占营收比为 0.88%，同比减少了52.15%，显示出公司在费用控制方面的显著进步。 研发投入持续加大 公司在2024年的研发投入为13.53亿元，连续三年研发费用超过10亿元。新产品如6nm芯片S905X5和8K 芯片S928X取得了良好的市场表现，预计2025年销量将大幅提升。Wi-Fi62芯片销量超过150万颗，Wi- FiAP芯片顺利完成流片，将进一步扩展W系 ...

Group 1 - The core revenue composition of Amlogic Co., Ltd. for the year 2024 is 100.0% from integrated circuits [1] Group 2 - Amlogic Co., Ltd. announced a share repurchase plan to be reviewed at the 15th meeting of the 3rd Board of Directors on April 10, 2025 [3] - The top ten unrestricted shareholders before April 10, 2025, include Amlogic Limited with approximately 92.54 million shares, accounting for 22.04% [3] - The total shares held by the top ten circulating shareholders amount to approximately 214 million shares, representing 51.05% of the total [3]

证券代码：688099 证券简称：晶晨股份 公告编号：2025-028 晶晨半导体（上海）股份有限公司 关于回购股份事项前十大股东和前十大无限售条件 股东持股情况的公告 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。 | 选混合型证券投资基金（LOF） | | --- | 特此公告。 晶晨半导体（上海）股份有限公司董事会 2025 年 4 月 12 日 一、公司前十大股东持股情况 | 5 | 中国工商银行股份有限公司－易方达上证科创 | 14,384,864 | 3.43 | | --- | --- | --- | --- | | | 板 50 成份交易型开放式指数证券投资基金 | | | | 6 | 香港中央结算有限公司 | 14,162,165 | 3.37 | | 7 | 华域汽车系统（上海）有限公司 | 11,350,124 | 2.70 | | 8 | 招商银行股份有限公司－兴全合宜灵活配置混 | 9,517,903 | 2.27 | | | 合型证券投资基金（LOF） | | | | 9 | 中信证券股份有限公 ...

Core Insights - The Shanghai Stock Exchange Sci-Tech Innovation Board Artificial Intelligence Index (950180) has shown a positive performance, with a 0.97% increase as of April 11, 2025, and notable gains in constituent stocks such as Chipsea Technology (688595) up 8.19% and Lanqi Technology (688008) up 5.29% [3][4]. Performance Summary - The Sci-Tech AI ETF (588790) has experienced a 0.91% increase, marking its fourth consecutive rise, with a latest price of 0.55 yuan. Over the past three months, the ETF has accumulated a 7.70% increase, ranking 2nd among comparable funds [3][4]. - The ETF's liquidity is strong, with an intra-day turnover of 4.12% and a total transaction volume of 1.08 billion yuan. The average daily transaction volume over the past week is 3.94 billion yuan, leading among comparable funds [3][4]. - In terms of scale, the ETF has seen a significant growth of 26.96 million yuan over the past two weeks, ranking 1st among comparable funds. Additionally, the ETF's share count increased by 36 million shares in the past week, also ranking 1st [3][4]. Return and Risk Metrics - Since its inception, the Sci-Tech AI ETF has achieved a highest monthly return of 15.59%, with an average monthly return of 15.59% and a monthly profit probability of 69.57%. The probability of making a profit over a three-month holding period is 87.50% [4]. - The ETF has a relative drawdown of 0.36% compared to its benchmark since inception, indicating a relatively stable performance [4]. Fee Structure and Tracking Accuracy - The management fee for the Sci-Tech AI ETF is 0.50%, and the custody fee is 0.10%, which are among the lowest in its category [4]. - The ETF has demonstrated high tracking accuracy, with a tracking error of 0.010% over the past month, the best among comparable funds [4]. Top Holdings - As of March 31, 2025, the top ten weighted stocks in the Sci-Tech AI Index account for 70.57% of the index, including Lanqi Technology (688008) and Chipsea Technology (688521) [5][7]. Industry Insights - The semiconductor and AI sectors are expected to accelerate their domestic production processes due to ongoing global trade tensions. Key areas of focus include advancements in semiconductor technology and the growth of domestic AI models [7].

Group 1: AI Industry Developments - The European Union is investing in the construction of 13 AI super factories, with a total investment goal of €200 billion, including a dedicated fund of €20 billion for these projects [1] - Each AI super factory will be equipped with over 100,000 high-end AI processors, with the best-performing factories hosting up to 25,000 processors [1] Group 2: Film Industry Response - The National Film Administration of China plans to moderately reduce the import of American films in response to the U.S. government's imposition of tariffs on Chinese goods, which may decrease the audience's favorability towards American films [1] Group 3: Telecommunications and 5G - Beijing aims to achieve comprehensive 5G large-scale applications by the end of 2027, establishing itself as a leading city in 5G applications, enhancing industrial support, network service capabilities, and ecological collaboration [2] Group 4: Corporate Financial Performance - TSMC reported March revenue of NT$285.96 billion, a year-on-year increase of 46.5%, and Q1 revenue of NT$839.25 billion, up 41.6% year-on-year [3] - Meixin Sheng expects Q1 2025 net profit to be between RMB 2 million and 5 million, marking a significant turnaround from losses, driven by a 30% to 35% increase in revenue [5] - Huaxi Biological's 2024 revenue reached RMB 5.371 billion, with skin-related medical revenue exceeding RMB 1 billion, reflecting a 43.57% year-on-year growth [6] Group 5: Corporate Actions and Shareholder Commitments - Kingsoft WPS Corporation Limited, the controlling shareholder of Kingsoft Office, has committed not to reduce its shareholding from April 10, 2025, to December 31, 2025 [4] - Jincheng Co. plans to repurchase shares worth between RMB 50 million and 100 million for employee stock ownership or equity incentives [6] - Guangge Technology intends to repurchase shares with a total amount between RMB 10 million and 20 million for employee stock ownership plans [6] Group 6: Investment and Financing Activities - Stardust Intelligence has completed several rounds of financing, raising several hundred million yuan, with participation from prominent investors [7] - Shenzhen Ruisi Zhixin Technology has received equity financing from multiple investors, indicating strong market interest [8] - Anhui Zhongsheng Traceability Biotechnology has completed B+ round financing of RMB 85 million, continuing its trend of successful fundraising [9]

晶晨半导体（上海）股份有限公司 证券代码：688099 证券简称：晶晨股份 公告编号：2025-023 关于使用自有资金购买理财产品的公告 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。 2025 年 4 月 10 日，晶晨半导体（上海）股份有限公司（以下简称"公司"） 召开第三届董事会第十五次会议、第三届审计委员会第八次会议、第三届监事会 第十四次会议，审议通过了《关于使用自有资金购买理财产品的议案》，在保证 不会影响公司主营业务发展、确保满足公司日常经营、研发等资金需求以及保证 资金安全的前提下，同意公司及控股子公司使用额度不超过人民币 15 亿元（含 15 亿元）的暂时闲置自有资金购买安全性高的低风险理财产品，在上述额度范 围内，资金可以滚动使用，使用期限自公司董事会审议通过之日起 12 个月内有 效。同时授权公司董事长行使该项决策权及签署相关合同、协议等文件，具体事 项由公司财务部负责组织实施。本事项尚在公司董事会决策权限范围内，无需提 交公司股东大会审议。现就该事项的具体情况公告如下： 一、使用自有资金购买理财产 ...

拟聘任的会计师事务所名称：立信会计师事务所（特殊普通合伙）（以下 简称"立信"） 一、拟聘任会计师事务所的基本情况 （一）机构信息 1.基本信息 立信会计师事务所（特殊普通合伙）由我国会计泰斗潘序伦博士于 1927 年 在上海创建，1986 年复办，2010 年成为全国首家完成改制的特殊普通合伙制会 计师事务所，注册地址为上海市，首席合伙人为朱建弟先生。立信是国际会计网 络 BDO 的成员所，长期从事证券服务业务，新证券法实施前具有证券、期货业 务许可证，具有 H 股审计资格，并已向美国公众公司会计监督委员会（PCAOB） 注册登记。 截至 2024 年末，立信拥有合伙人 296 名、注册会计师 2,498 名、从业人员 总数 10,021 名，签署过证券服务业务审计报告的注册会计师 743 名。 证券代码：688099 证券简称：晶晨股份 公告编号：2025-020 晶晨半导体（上海）股份有限公司 关于聘任 2025 年度审计机构的公告 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： 立信 2024 年业 ...

证券代码：688099 证券简称：晶晨股份 公告编号：2025-026 晶晨半导体(上海)股份有限公司 关于以集中竞价交易方式回购股份的预案 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： 1、若公司股票价格持续超出回购方案披露的价格上限，导致回购方案无法实 ● 回购股份金额： 回购资金总额不低于人民币 5,000 万元（含），不超过人民币 10,000 万元（含），具体回购资金总额以实际使用的资金总额为准。 ● 回购股份资金来源：本次回购股份的资金来源为晶晨半导体(上海)股份有限公司 （以下简称"公司"）自有资金。 ● 回购股份用途：本次回购的股份拟在未来合适时机用于实施员工持股计划或股 权激励，若公司未能在股份回购实施结果暨股份变动公告日后 3 年内使用完毕已 回购股份，尚未使用的已回购股份将予以注销。如国家对相关政策作调整，则本 回购方案按调整后的政策实行。 ● 回购股份价格： 不超过人民币 121.58 元/股（含），该价格不高于公司董事会通 过回购决议前 30 个交易日公司股票交易均价的 150% ...

关于晶晨半导体（上海）股份有限公司 非经营性资金占用及其他关联资金 往来情况的专项报告 2024年度 您可使用手机"扫一扫"或进入"注册会计师行业统一监管平台（http://acc.mof.gov.cn）"进 立信会计师事务所(特殊普通合伙) DO CHINA SHU LUN PAN CERTIFIED PUBLIC ACCOUNTANT 关于晶晨半导体(上海)股份有限公司 非经营性资金占用及其他关联资金往来情况 的专项报告 信会师报字[2025]第 ZA10760 号 晶晨半导体(上海)股份有限公司全体股东: 我们审计了晶晨半导体（上海）股份有限公司(以下简称"晶晨 股份")2024年度的财务报表,包括 2024年12月 31 日的合并及母公 司资产负债表、2024 年度合并及母公司利润表、合并及母公司现金 流量表、合并及母公司所有者权益变动表和相关财务报表附注,并于 2025 年 4 月 10 日出具了报告号为信会师报字[2025]第 ZA10757 的无 保留意见审计报告。 晶晨股份管理层根据中国证券监督管理委员会《上市公司监管指 引第 8 号 -- 上市公司资金往来、对外担保的监管要求》(证监会公 告 ...