证券代码：688110 证券简称：东芯股份 公告编号：2024-057 东芯半导体股份有限公司 关于参加 2024 年半年度沪市半导体行业 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、准确性和完整性承担法律责任。 （ 二 ） 会 议 召 开 地 点 ： 上 海 证 券 交 易 所 上 证 路 演 中 心 （ 网 址 ： https://roadshow.sseinfo.com/） （三）会议召开方式：上证路演中心视频直播和网络互动 三、公司出席人员 公司出席本次说明会的人员有：董事、副总经理、董事会秘书、财务总监（代 行职务）蒋雨舟女士，证券事务代表黄沈幪先生，投资者关系王佳颖女士。具体 以当天实际参会人员为准。 重要内容提示： 东芯半导体股份有限公司（以下简称"公司"）已于 2024 年 8 月 24 日发布 公司《2024 年半年度报告》《2024 年半年度报告摘要》，为便于广大投资者更全 面深入地了解公司 2024 年半年度经营成果、财务状况，公司将于 2024 年 09 月 19 日参加由上海证券交易所组织的 2024 年 ...

东芯半导体股份有限公司投资者关系活动记录表 （2024 年 9 月 9 日） 证券代码：东芯股份 证券简称：688110 | --- | --- | --- | |-----------------------|-------------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------| | | | 特定对象调研 □ 分析师会议 | | 投资者关系活 | □ | 媒体采访 □ 业绩说明会 | | 动类别 | □ 新闻发布会 | 路演活动 | | | | 电话会议 | | | | 其他（策略会） | | | | 长城证券、混沌投资、德邦证券、国海证券、中信 ...

东芯半导体股份有限公司投资者关系活动记录表 （2024 年 9 月 4 日业绩说明会） 证券代码：东芯股份 证券简称：688110 | --- | --- | |-----------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...

东芯半导体股份有限公司投资者关系活动记录表 （2024 年 9 月 2 日） 证券代码：东芯股份 证券简称：688110 | --- | --- | --- | |-----------------------------|----------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------| | | | | | | | 特定对象调研 □ 分析师会议 | | 投 资 者 关 系 | □ | 媒体采访 □ 业绩说明会 | | 活动类别 ...

东芯半导体股份有限公司投资者关系活动记录表 （2024 年 8 月 28 日） 证券代码：东芯股份 证券简称：688110 | --- | --- | |--------------|----------------------------------------------------------------------------------------------------------| | | □ 分析师会议 | | 投资者关系活 | □ 业绩说明会 | | 动类别 | 路演活动 | | | 电话会议 | | | | | 参与单位名称 | | | 活动时间 | | | 活动地点 | | | 上市公司接待 | | | 人员姓名 | | | | | | | 公司副总经理、董事会秘书蒋雨舟女士向与会投资者介绍了公司半年度 | | | | | | | | | SLC NAND、NOR 过去的价格变动幅度和节奏？对下 | | | | | | 上半年市场价格稳定，略有向好的趋势。现在 SLC NAND | | 投资者关系活 | 在向更大容量去演进，客户需求也逐步向更大容量去切换，有助于提升NOR 上半年仍有价格 ...

Investment Rating - The report maintains a "Buy" rating for the company [4]. Core Views - The company reported a significant increase in Q2 revenue, with a year-on-year growth of 38.20% and a quarter-on-quarter growth of 50.64%, indicating a potential recovery in industry conditions [2]. - The company is expanding its presence in key applications such as network communication, surveillance, and automotive electronics, which contributed to a substantial increase in sales volume [2]. - The increase in R&D expenses, amounting to approximately 1.06 billion yuan, is a primary reason for the company's inability to achieve profitability [2]. - The company plans to invest 200 million yuan in Shanghai Lishuan, acquiring a 37.88% stake, which will enhance its capabilities in chip design and computing power [2]. Financial Summary - For the first half of 2024, the company achieved revenue of approximately 266 million yuan, a year-on-year increase of 11.12%, while the net profit attributable to shareholders was approximately -91 million yuan, reflecting a year-on-year loss increase of 16 million yuan [2]. - The projected net profits for 2024-2026 are estimated at 70 million, 206 million, and 335 million yuan, respectively, with corresponding EPS of 0.16, 0.47, and 0.76 yuan [3]. - The company’s revenue is expected to grow significantly, with a forecasted increase of 65.2% in 2024 and 55.8% in 2025 [3].

Investment Rating - The investment rating for the company is "Buy" with a previous rating of "Buy" as well [1][2]. Core Views - The company has shown steady revenue growth in the first half of 2024, achieving a revenue of 266 million RMB, which is an increase of 11.12% year-on-year. However, the net profit attributable to shareholders was a loss of 91 million RMB, which is a 21.32% increase in loss compared to the previous year [2][3]. - The company is focusing on its "storage, computing, and networking" integrated strategy, which is expected to provide significant long-term growth potential [2][3]. - The semiconductor industry is experiencing a cyclical recovery, with improving supply-demand dynamics in the storage chip market, benefiting the company [2][3]. Financial Summary - The company reported a revenue of 266 million RMB in H1 2024, with a gross margin of 13.39%, which is an increase of 0.65 percentage points year-on-year [2][3]. - The company’s R&D expenses in H1 2024 were 106 million RMB, accounting for 39.72% of its revenue, reflecting a year-on-year increase of 26.31% [2][3]. - The projected revenues for 2024, 2025, and 2026 are 719 million RMB, 994 million RMB, and 1.264 billion RMB respectively, with corresponding net profits of -31 million RMB, 163 million RMB, and 269 million RMB [3][5]. Market Performance - The company's stock price is currently at 17.26 RMB, with a market capitalization of approximately 7.633 billion RMB [1][2]. - The stock has underperformed relative to the Shanghai Composite Index, with a year-to-date performance of -40% compared to the index [1][2].

一、聚焦公司主业，优化业务布局 2024 年上半年，公司继续深耕存储芯片主业，主动适应不断变化的经营环 境，持续加大技术和产品研发的投入。同时公司以存储为核心，向"存、算、联" 一体化领域进行技术探索，拓展行业应用领域，优化业务布局，以期为客户提供 更多样化的芯片解决方案。公司注重自主知识产权，坚持长期主义下的技术创新， 致力于持续为企业、行业和社会创造价值。 （一）深耕主营业务，坚持技术创新 报告期内，公司基于 2xnm 制程，持续进行 SLC NAND Flash 产品系列的研 发，不断扩充产品线。公司坚持技术创新，努力推进公司产品制程的进一步升级， 公司先进制程的 1xnm SLC NAND Flash 产品的研发工作已取得阶段性进展，产 品已达成部分关键指标，为确保产品质量与性能稳定，目前正持续进行设计优化 和工艺调试等技术攻关工作。 公司基于 48nm、55nm 制程，持续进行 64Mb-1Gb 的中高容量 NOR Flash 产 品研发工作，根据不同容量的目标客户群进行精确定位，保证性能、功耗和性价 比的合理匹配。随着公司 NOR Flash 产品持续迭代升级，产品品类不断丰富，将 为可穿戴设备、 ...

Financial Performance - The company reported a significant increase in revenue for the first half of 2024, achieving a total of 1.2 billion RMB, representing a 25% year-over-year growth[1]. - The company's revenue for the first half of 2024 was CNY 266,283,618.11, representing an increase of 11.12% compared to CNY 239,641,920.33 in the same period last year[14]. - The net profit attributable to shareholders of the listed company was a loss of CNY 91,121,081.90, compared to a loss of CNY 75,107,454.05 in the previous year[14]. - The net profit attributable to shareholders was -91.12 million yuan for the first half of 2024, a decrease compared to the same period last year[16]. - The company achieved operating revenue of 266 million yuan, an increase of 11.12% year-on-year[38]. - The net profit attributable to shareholders was -91.12 million yuan, a decrease compared to the same period last year[38]. - The total comprehensive income for the first half of 2024 was -54,867,060.34 RMB, compared to -9,404,364.64 RMB in the same period of 2023[141]. Research and Development - The company is investing heavily in R&D, with a budget increase of 30% to 150 million RMB for the development of new technologies[1]. - Research and development expenses totaled 105.77 million yuan, an increase of 26.31% year-on-year, representing 39.72% of operating revenue[16]. - The company is expanding its research team to focus on the development of WiFi 7 chips[16]. - The company has established a "research-development-innovation" technology development cycle to enhance its R&D capabilities[24]. - The company has applied for 4 invention patents and obtained 12 patents during the reporting period, bringing the total number of patents to 177 applications and 95 granted[29]. - The company has 196 R&D personnel, representing 65.99% of the total workforce, with an average salary of ¥35,000, an increase from ¥34,470 in the previous year[35]. Market Strategy and Outlook - The company has provided a positive outlook for the second half of 2024, projecting a revenue growth of 20% compared to the first half[1]. - New product launches are expected to contribute an additional 300 million RMB in revenue by the end of the fiscal year[1]. - Market expansion efforts include entering two new international markets, aiming for a 10% market share in each by the end of 2025[1]. - The company is actively optimizing its product structure and market strategy to enhance market share and profitability in the competitive semiconductor market[16]. - The company aims to explore integrated fields of "storage, computing, and connectivity" while maintaining a focus on independent research and development[19]. Financial Position - The company has maintained a strong balance sheet, with total assets reported at 3 billion RMB and a debt-to-equity ratio of 0.5[1]. - The total assets at the end of the reporting period decreased by 2.48% to CNY 3,751,696,549.92 from CNY 3,847,165,529.16 at the end of the previous year[14]. - The net assets attributable to shareholders of the listed company decreased by 3.44% to CNY 3,384,294,407.78 from CNY 3,504,910,863.13 at the end of the previous year[14]. - The company's inventory at the end of the reporting period was valued at 897.37 million yuan, representing 23.92% of total assets, with a provision for inventory impairment of 294.61 million yuan[44]. Risks and Challenges - The management has identified potential risks, including supply chain disruptions, which could impact production capacity by up to 15%[1]. - The company faced pricing pressure in the storage product market, which has not fully recovered to last year's levels[16]. - The company is exposed to macroeconomic fluctuations and trade environment uncertainties, which could adversely affect its business performance[46]. - Future performance may be at risk due to potential market recovery not meeting expectations, ongoing high R&D investments, and inventory management challenges[41]. Corporate Governance and Compliance - The company has implemented a new equity incentive plan to enhance employee motivation and align interests among shareholders, the company, and core team members[39]. - The company emphasizes strict compliance with environmental laws and regulations, actively fulfilling its environmental responsibilities in energy conservation and pollution prevention[71]. - The company will ensure that all share transfer actions comply with the Shanghai Stock Exchange's rules and regulations[81]. - The company will publicly disclose reasons for any failure to fulfill commitments and apologize to shareholders and investors[94]. Shareholder Information - The company completed a share buyback of 3,218,219 shares, accounting for 0.7277% of the total share capital, with a total expenditure of RMB 100.06 million[118]. - The largest shareholder, Dongfang Hengxin Group Co., Ltd., held 143,213,025 shares, representing 32.38% of the total shares[119]. - The company plans to use between RMB 100 million and RMB 200 million for future share buybacks, with a maximum buyback price of RMB 27 per share[118]. Cash Flow and Liquidity - The net cash flow from operating activities was a negative CNY 173,050,008.84, worsening from a negative CNY 117,723,896.87 in the same period last year[14]. - Cash inflow from operating activities was 375,634,177.85 RMB, down 20.8% from 474,759,523.66 RMB in the first half of 2023[142]. - The ending balance of cash and cash equivalents was 1,453,953,233.06 RMB, down from 2,104,990,912.59 RMB at the end of the first half of 2023[143]. Investment and Projects - The company is investing a total of 750 million yuan in projects including "1xnm flash memory product R&D and industrialization" and "automotive-grade flash memory product R&D and industrialization" to enhance core competitiveness[47]. - The "1xnm flash memory product R&D and industrialization project" has made partial progress, but due to its complex manufacturing process, further time is needed for design optimization and process debugging[111]. - The company has established stable partnerships with well-known wafer foundries and packaging factories to ensure supply chain stability[39].

公司首次公开发行股票募集资金投资项目为"1xnm 闪存产品研发及产业化 项目"、"车规级闪存产品研发及产业化项目""研发中心建设项目"和"补充流 动资金项目"。根据《东芯半导体股份有限公司首次公开发行股票并在科创板上 市招股说明书》、《关于部分募投项目延期的公告》（公告编号：2024-018）披露， 相关募集资金投资项目投入计划如下： 海通证券股份有限公司关于东芯半导体股份有限公司 首次公开发行股票部分募投项目结项并将节余募集资金 永久补充流动资金的核查意见 海通证券股份有限公司（以下简称"海通证券"或"保荐机构"）作为东芯 半导体股份有限公司（以下简称"东芯股份"或"公司"）首次公开发行股票并 在科创板上市持续督导保荐机构，根据《证券发行上市保荐业务管理办法》《上 海证券交易所科创板股票上市规则》《上海证券交易所科创板上市公司自律监管 指引第1号——规范运作》《上市公司监管指引第2号——上市公司募集资金管理 和使用的监管要求》等有关规定，对公司首次公开发行股票募投项目结项并将节 余募集资金永久补充流动资金的事项进行了核查，具体情况如下： 一、募集资金基本情况 经中国证券监督管理委员会《关于同意东芯半导体股份 ...