上海安路信息科技股份有限公司 2024 年年度股东大会会议资料 上海安路信息科技股份有限公司 2024 年年度股东大会会议资料 2025 年 5 月 1 | 2024 年年度股东大会会议须知 . | | --- | | 2024 年年度股东大会会议议程 | | 2024 年年度股东大会会议议案 | | 议案 1: 关于公司 2024 年年度报告及其摘要的议案 | | 议案 2: 关于《2024年度董事会工作报告》的议案 . | | 议案 3: 关于《2024年度监事会工作报告》的议案 - | | 议案 4: 关于《2024年度财务决算报告》的议案 | | 议案 5: 关于《2024年度独立董事述职报告》的议案 | | 议案 6: 关于 2024 年度利润分配预案的议案 | | 议案 7. 关于首次公开发行股票费投项目结项并将节余募集资金永久补充流动资 | | 全的议案 | | 议案 8: 关于使用部分超额募集资金永久补充流动资金的议案 | | 议案 9: 关于续聘公司 2025 年度审计机构的议案 - | | 议案 10: 关于提名公司第二届董事会独立董事候选人的议案 ………………………………22 | 上海安 ...

| 序号 | 工作内容 | 持续督导情况 | | --- | --- | --- | | | 建立健全并有效执行持续督导工作制度，并针对具 | 保荐机构已建立健全并有效 | | 1 | 体的持续督导工作制定相应的工作计划 | 执行了持续督导制度，并制 | | | | 定了相应的工作计划 | | | 根据中国证监会相关规定，在持续督导工作开始 | 保荐机构已与安路科技签订 | | | 前，与上市公司或相关当事人签署持续督导协议， | 保荐协议，该协议明确了双 | | 2 | 明确双方在持续督导期间的权利义务，并报上海证 | 方在持续督导期间的权利和 | | | | 义务，并报上海证券交易所 | | | 券交易所备案 | 备案 | | | 持续督导期间，按照有关规定对上市公司违法违规 | 在本持续督导期间安路科技 | | 3 | 事项公开发表声明的，应于披露前向上海证券交易 | 未发生按有关规定需保荐机 | | | 所报告，并经上海证券交易所审核后在指定媒体上 | 构公开发表声明的违法违规 | | | 公告 | 情况 | | | 持续督导期间，上市公司或相关当事人出现违法违 | | | | 规、违背承诺等事项的， ...

中国国际金融股份有限公司 关于上海安路信息科技股份有限公司 持续督导保荐总结报告书 经中国证券监督管理委员会（以下简称"中国证监会"）《关于同意上海安路信 息科技股份有限公司首次公开发行股票注册的批复》（证监许可〔2021〕3093 号） 同意注册，上海安路信息科技股份有限公司（以下简称"安路科技"、"公司"）获 准向社会公众公开发行人民币普通股（A 股）股票 5,010 万股，发行价为每股人民 币 26.00 元，募集资金总额为 130,260.00 万元；扣除发行费用后，募集资金净额为 120,064.25 万元，其中超募资金 20,064.25 万元。 中国国际金融股份有限公司（以下简称"中金公司"或"保荐机构"）担任公 司首次公开发行股票并在科创板上市的保荐机构，根据《证券发行上市保荐业务 管理办法》等有关规定，对公司首次公开发行股票并在科创板上市进行持续督导， 持续督导期限截至 2024 年 12 月 31 日，持续督导期已满。 截至 2024 年 12 月 31 日，公司首次公开发行的募集资金尚未使用完毕，中金 公司将对其剩余募集资金使用情况继续履行持续督导义务。 中金公司根据《证券发行上市保荐业 ...

Investment Rating - The report maintains a "Buy" rating for the company with a target price of 30.40 RMB [4][7]. Core Views - The company's revenue for 2024 was 6.52 billion RMB, a year-over-year decrease of 6.99%, and a net loss attributable to the parent company of 2.05 billion RMB, slightly better than previous expectations [1]. - The first quarter of 2025 saw revenue drop to 0.93 billion RMB, down 34.29% year-over-year and 40.04% quarter-over-quarter, indicating weak demand from communication clients [1]. - The company is expected to benefit from the trend of domestic substitution in the long term, despite short-term performance pressures due to weak communication industry demand [1]. Summary by Sections 2024 Review - The company experienced a slight decline in revenue due to ongoing inventory digestion by terminal industry clients and uneven recovery in downstream demand. The FPGA product revenue was 5.79 billion RMB, down 32.36% year-over-year, despite a 60.84% increase in sales volume [2]. - The FPSoC product revenue was 0.43 billion RMB, down 3.91% year-over-year, with a slight increase in sales volume. The gross margin for FPSoC improved by 11.89 percentage points to 26.83% [2]. - The company's operating expenses ratio remained stable at 67.54% [2]. 2025 Outlook - The communication industry is still digesting inventory, but the company is expanding its customer base in the power, industrial control, and automotive markets, achieving revenue growth in these segments [3]. - A gradual recovery in communication client demand is anticipated as inventory digestion completes over the next two years [3]. - The company is enhancing its product matrix and service offerings, including a one-stop service system for FPGA/FPSoC chips, EDA software, and technical support [3]. Financial Forecasts - Revenue projections for 2025 and 2026 have been revised down to 7.16 billion RMB and 8.18 billion RMB, respectively, reflecting a decrease of 17% and 25% from previous estimates [4]. - The company is expected to generate revenue of 9.39 billion RMB in 2027 [4]. - The report indicates a projected EPS of -0.48 RMB for 2025, with a gradual improvement in net profit margins over the forecast period [6][15].

证券代码：688107 证券简称：安路科技 公告编号：2025-017 上海安路信息科技股份有限公司 关于参加 2025 年上海辖区上市公司年报集体业绩说明会的公告 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。 重要内容提示： （网址：http://roadshow.sseinfo.com/） 二、 说明会召开的时间、地点及方式 （一）会议召开时间：2025 年 5 月 15 日（星期四）下午 15:00-16:30 1 会议召开时间：2025 年 5 月 15 日（星期四）下午 15:00-16:30 会议召开地点：上海证券交易所上证路演中心 （二）会议召开地点：上海证券交易所上证路演中心 （网址：http://roadshow.sseinfo.com/） （三）会议召开方式：上证路演中心网络互动 会议召开方式：上证路演中心网络互动 投资者可于 2025 年 5 月 8 日（星期四）至 2025 年 5 月 14 日（星期三）前 登录"上证路演中心"网站主页点击"提问预征集"栏目或通过公司邮箱 Public@anlog ...

Core Viewpoint - The company, Shanghai Anlu Information Technology Co., Ltd., reported a net profit attributable to shareholders of RMB -205,141,813.17 for the year 2024, indicating a continued investment in R&D despite a slight decline in revenue due to inventory adjustments in downstream markets [4][18]. Company Overview - The company specializes in the research, design, and sales of FPGA, FPSoC chips, and dedicated EDA software, positioning itself as a leading FPGA supplier in China [6][18]. - The company operates under a Fabless model, focusing on chip design and outsourcing manufacturing and testing to third-party firms [8]. Financial Performance - The company reported a net loss of RMB -205.14 million for 2024, with no cash dividends or stock bonuses proposed for the year [4][18]. - The company has maintained high levels of R&D investment, which is crucial for its long-term sustainability and competitiveness [18]. Industry Situation - The global semiconductor market is projected to reach USD 627.6 billion in 2024, with a year-on-year growth of 19.1%, driven by AI and high-performance computing demands [9]. - The FPGA industry is characterized by high flexibility and low latency, making it suitable for various applications, including communication, industrial, medical, and automotive sectors [10][11]. Technological Trends - The FPGA industry is evolving towards advanced processes and packaging technologies, with a focus on integrating more functionalities into single chips [20][21]. - There is a growing trend towards high integration and high-speed interconnects in FPGA chips, enhancing their capabilities for new applications [21][22]. Future Development - The company aims to expand its product matrix and enhance its EDA software performance, targeting significant market breakthroughs in various sectors [18]. - The FPGA market is expected to grow further as demand for edge computing, automotive electronics, and data centers increases, with the company well-positioned to capitalize on these trends [23].

Core Viewpoint - Anlu Technology reported a revenue of 652 million yuan and a net loss of 205 million yuan for 2024, highlighting resilience through technological innovation and market expansion despite industry fluctuations [1] Group 1: Financial Performance - In 2024, Anlu Technology achieved a revenue of 652 million yuan, with a net profit of -205 million yuan [1] - The company experienced a 46.14% year-on-year increase in product sales [1] Group 2: Market Expansion and Product Development - Anlu Technology deepened its existing market operations while actively pursuing new market layouts, achieving significant breakthroughs in various application scenarios [1] - The company expanded its customer base and application fields, maintaining steady growth in traditional sectors such as industrial, audio-visual broadcasting, data centers, and consumer electronics, while successfully entering high-potential areas like machine vision, smart manufacturing, smart healthcare, and high-end displays [1] - The automotive FPGA ecosystem was further enhanced, with automotive-grade chips being applied in electronic rearview mirrors and LiDAR, driving sales growth [1] Group 3: Research and Development - In 2024, Anlu Technology's R&D expenses totaled 364 million yuan, laying a solid foundation for future value release [2] - The R&D team expanded to 452 members, with a total of 440 intellectual property applications, including 246 invention patents [2] - The company launched high-performance PH1P chips and the SALDRAGON series DR1 products, which integrated ARM/RISC-V hard-core processors, achieving mass production [2] Group 4: Operational Efficiency - Anlu Technology implemented digital upgrades and lean management in production operations, improving both operational efficiency and product quality [2] - The inventory of FPGA products decreased by 52.28% year-on-year [2] - The company optimized customer management, cost analysis, and testing analysis systems, significantly enhancing operational efficiency and market response speed [3]

Core Viewpoint - Anlu Technology is facing significant growth pressure in 2024, with both revenue and net profit declining amid a challenging market environment [1][2]. Revenue and Profit Summary - In 2024, Anlu Technology reported a revenue of 651,816,946.01 yuan, a decrease of 6.99% compared to 7.01 billion yuan in the previous year [2]. - The net profit attributable to shareholders was -205,141,813.17 yuan, worsening from -197,187,674.35 yuan in the previous year [1][3]. Business Segment Performance - The integrated circuit sector generated revenue of 647,171,795.37 yuan, down 7.49% year-on-year [2]. - FPGA product revenue was 579,357,688.98 yuan, a decline of 6.65%, while FPSoC product revenue decreased by 3.91% to 42,762,525.31 yuan [2]. R&D Investment and Financials - R&D expenses totaled 36,353.67 million yuan, accounting for 55.77% of revenue, indicating a strong commitment to innovation despite financial losses [3][6]. - Operating costs were 427,701,240.91 yuan, showing a slight decrease of 0.99%, but still exerting pressure on profit margins [3]. Cost Control and Financial Management - Sales expenses increased by 3.00% to 26,534,494.35 yuan, while management expenses decreased by 13.95% to 50,187,672.12 yuan, reflecting effective cost control [5]. - Financial expenses saw a significant reduction of 165.94%, dropping to -1,950,531.62 yuan due to the repayment of short-term loans [5]. Cash Flow and Investment Activities - The net cash flow from operating activities improved to -61,935,321.58 yuan, compared to -193,347,034.25 yuan in the previous year, attributed to better supply chain management [9]. - Investment activities resulted in a net cash outflow of -67,902,477.86 yuan, a decline of 139.98% year-on-year, indicating a strategic shift towards cash management products [10]. Future Opportunities and Challenges - Anlu Technology is focusing on innovation in the FPGA and FPSoC sectors, with ongoing R&D efforts expected to yield competitive products [13]. - The company is also expanding its market presence across various sectors, including industrial and automotive electronics, which may provide new revenue streams [13].

Core Insights - Anlu Technology (688107) reported a revenue of 652 million yuan for 2024, achieving a year-on-year product sales growth of 46.14% despite challenges in the global semiconductor industry and inventory pressures in end markets [2] Group 1: Business Performance - The company expanded its market presence by deepening existing operations and actively pursuing new markets, achieving significant breakthroughs in various application scenarios [2] - Anlu Technology's product applications have expanded into traditional sectors like industrial, audio-visual broadcasting, data centers, and consumer electronics, while also entering new fields such as machine vision, smart manufacturing, smart healthcare, and high-end displays [2] - The automotive FPGA ecosystem has been enhanced, with automotive-grade chips being applied in electronic rearview mirrors and LiDAR, contributing to revenue growth [2] Group 2: Research and Development - In 2024, the company's R&D expenses totaled 364 million yuan, laying a solid foundation for future value release [3] - The R&D team grew to 452 members, with 63.5% holding master's or doctoral degrees, and core members averaging over ten years of experience [3] - Anlu Technology has applied for a total of 440 intellectual property rights, including 246 invention patents, and has received 286 authorizations, with 103 being invention patents [3] Group 3: Product Innovation - The company launched a 100G MAC solution and innovative communication solutions based on Gigabit Ethernet, LAN, WAN, and optical communication, enhancing flexibility and reliability [4] - Anlu Technology is advancing new product development and laying the groundwork for next-generation technology research, focusing on RISC-V FPGA ecosystems and emerging fields like humanoid robotics and industrial automation [4] Group 4: Operational Efficiency - The company improved operational efficiency and product quality through digital upgrades and lean management, resulting in a 52.28% year-on-year reduction in FPGA product inventory [5] - Anlu Technology optimized customer management and cost analysis systems, enhancing operational efficiency and market responsiveness [5] - The company aims to strengthen its core technology barriers and diversify its product matrix, focusing on high-quality FPGA/FPSoC chip development and solutions for emerging application scenarios [5]

（二） 股东大会召集人：董事会 （三） 投票方式：本次股东大会所采用的表决方式是现场投票和网络投票相结 合的方式 本公司董事会及全体董事保证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： 一、 召开会议的基本情况 （一） 股东大会类型和届次 2024年年度股东大会 证券代码：688107 证券简称：安路科技 公告编号：2025-014 上海安路信息科技股份有限公司 关于召开2024年年度股东大会的通知 （四） 现场会议召开的日期、时间和地点 召开日期时间：2025 年 5 月 20 日 14 点 00 分 召开地点：上海市浦东新区中科路 1867 号 C 座公司会议室 （五） 网络投票的系统、起止日期和投票时间。 网络投票系统：上海证券交易所股东大会网络投票系统 网络投票起止时间：自2025 年 5 月 20 日 至2025 年 5 月 20 日 采用上海证券交易所网络投票系统，通过交易系统投票平台的投票时间为股 1 股东大会召开日期：2025年5月20日 本次股东大会采用的网络投票系统：上海证券交易所股东大会网络投票 系统 东大会召 ...