证券代码：688153 证券简称：唯捷创芯 唯捷创芯（天津）电子技术股份有限公司 投资者关系活动记录表 编号：2024-004 □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 □新闻发布会 □路演活动 动类别 □现场参观 □其他（电话会议） 参与单位名称 通过上海证券报·中国证券网路演中心参与公司 2023年年度 及人员姓名 及2024年第一季度业绩暨现金分红说明会的投资者 时间 2024年5月9日 15:30-16:30 ...

证券代码：688153 证券简称：唯捷创芯 唯捷创芯（天津）电子技术股份有限公司 投资者关系活动记录表 编号：2024-004 | --- | --- | --- | |-------------------|----------------------------|-------| | | | | | | □ 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 | | | | □ 新闻发布会 □路演活动 | | | 动类别 | □ 现场参观 | | | | □ 其他（电话会议） | | 参 与 单 位 名 称 及人员姓名 通过上海证券报·中国证券网路演中心参与公司 2023 年年度 及 2024 年第一季度业绩暨现金分红说明会的投资者 时间 2024 年 5 月 9 日 15:30-16:30 地点 上海证券报·中国证券网路演中心 上 市 公 司 接 待 人员姓名 董事兼总经理：孙亦军 董事兼财务总监：辛静 董事会秘书：赵焰萍 独立董事：杨丹 | --- | --- | |-------------------|-------------------------- ...

证券代码：688153 证券简称：唯捷创芯 唯捷创芯（天津）电子技术股份有限公司 投资者关系活动记录表 编号：2024-003 □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 □新闻发布会 □路演活动 动类别 √现场参观 √其他（电话会议） IGWT Investment, JK Capital, Marco Polo Pure Asset, 参与单位名称 Millennium Capital, Point 72, SemiAnalysis, UG Investment, Value Partners. 及人员姓名 北京博润银泰投资、北京和聚投资、北京恒诚拓新投资、 北京市星石投资、北京禹田资本、北京致顺投资、碧云资 ...

Investment Rating - The investment rating for the company is "Buy" [1][4][17] Core Views - The company achieved a revenue of 2.982 billion yuan in 2023, representing a year-on-year growth of 30.32%, and a net profit of 112 million yuan, up 110.31% year-on-year [1] - The gross margin decreased by 5.9 percentage points to 24.76% due to price pressure on 4G products, but the gross margin for Q1 2024 improved to 28.07% [1] - The company’s revenue from RF power amplifier modules exceeded 2.633 billion yuan, accounting for 88% of total revenue, with a year-on-year growth of 31.34% [1] - New products such as L-PAMiD and Wi-Fi 7 have successfully entered mass production, with expectations for DRx to achieve mass production sales in 2024 [1] Financial Forecasts - The projected net profits for 2024, 2025, and 2026 are 338 million yuan, 539 million yuan, and 649 million yuan respectively, with corresponding EPS of 0.81 yuan, 1.29 yuan, and 1.55 yuan [2][15] - The company’s revenue is expected to grow to 3.34 billion yuan in 2024, with a growth rate of 12% [2] - The PE ratios for 2024, 2025, and 2026 are projected to be 65, 41, and 34 respectively [1][2]

关于首次公开发行部分限售股上市流通的公告 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： 本次股票上市类型为首发限售股份；股票认购方式为网下，上市股数为 2,788,116 股。 证券代码：688153 证券简称：唯捷创芯 公告编号：2024-019 唯捷创芯（天津)电子技术股份有限公司 本次股票上市流通总数为 2,788,116 股。 本次股票上市流通日期为 2024 年 5 月 13 日。 一、本次上市流通的限售股类型 根据中国证券监督管理委员会于 2022 年 3 月 1 日出具的《关于同意唯捷创芯 （天津）电子技术股份有限公司首次公开发行股票注册的批复》（证监许可〔2022〕 425 号），同意公司首次公开发行股票的注册申请。公司首次向社会公众公开发行 人民币普通股（A 股）股票 40,080,000 股，并于 2022 年 4 月 12 日在上海证券交 易所科创板上市。发行完成后总股本为 400,080,000 股，其中有限售条件流通股 369,540,709 股，占公司发行后总股本的 92.37 ...

中信建投证券股份有限公司 关于唯捷创芯（天津）电子技术股份有限公司 首次公开发行部分限售股上市流通的核查意见 中信建投证券股份有限公司（以下简称"中信建投证券"、"本保荐机构"） 作为唯捷创芯（天津）电子技术股份有限公司（以下简称"唯捷创芯"、"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》《上海证券交易所科创板股票上市规则（2023 年 8 月修订）》《科创板上 市公司持续监管办法（试行）》等有关规定，对唯捷创芯首次公开发行部分限售 股上市流通事项进行了审慎核查，具体情况如下： 一、本次上市流通的限售股类型 根据中国证券监督管理委员会于 2022 年 3 月 1 日出具的《关于同意唯捷创 芯（天津）电子技术股份有限公司首次公开发行股票注册的批复》（证监许可〔2022〕 425 号），同意公司首次公开发行股票的注册申请。公司首次向社会公众公开发 行人民币普通股（A 股）股票 40,080,000 股，并于 2022 年 4 月 12 日在上海证券 交易所科创板上市。发行完成后公司总股本为 400,080,000 股，其中有限售条件 流通股 369,540,709 股 ...

Investment Rating - The report assigns a "Buy" rating for the company, with a target price of 64.84 CNY per share based on a 70x P/E valuation for 2024 [3]. Core Insights - The company reported a strong increase in gross margin in Q1 2024, with a gross margin of 28.07%, up 5.08 percentage points from the previous quarter. The revenue for Q1 2024 reached 4.61 billion CNY, a year-on-year increase of 45.06%. The net profit attributable to shareholders was a loss of 5.37 million CNY, which represents a significant reduction in losses compared to the same period last year [1][2]. - The year 2023 marked a comprehensive expansion of the company's product lines, with expectations for significant volume growth in 2024. New products such as L-PAMiD, Wi-Fi, and satellite communication modules are progressing well in client production [1]. - Earnings forecasts for the company indicate EPS of 0.93, 1.22, and 1.54 CNY per share for 2024, 2025, and 2026, respectively, reflecting strong growth potential driven by new product launches [2][8]. Summary by Sections Financial Performance - In 2023, the company achieved a revenue of 2.98 billion CNY, a year-on-year growth of 30.32%, and a net profit of 112 million CNY, up 110.31% from the previous year. The revenue for 2024 is projected to be 3.70 billion CNY, with a growth rate of 24.2% [2][8]. - The EBITDA for 2023 was 202 million CNY, with projections of 449 million CNY for 2024 [2]. Product Development - The company has successfully introduced several new products, including L-PAMiD and low-voltage L-PAMiF, which are expected to drive growth in 2024. The revenue from the receiving end products reached 3.47 billion CNY in 2023, showing double-digit growth [1][2]. - The full suite of 5G automotive-grade products has passed client validation and is expected to see large-scale shipments in 2024 [1]. Valuation Metrics - The report provides a P/E ratio of 242.59 for 2023, with a projected decrease to 56.98 for 2024, indicating an expected improvement in profitability as new products gain traction [2][8]. - The company's return on equity (ROE) is projected to increase from 2.8% in 2023 to 8.7% in 2024, reflecting enhanced profitability [2][8].

Investment Rating - Buy (Maintained) [1] Core Views - The company's profitability continues to improve, driven by the successful mass production of its flagship products and the introduction of new customers [1] - The company achieved revenue of 3 billion yuan in 2023, a year-on-year increase of 30%, and net profit attributable to the parent company of 100 million yuan, a year-on-year increase of 110% [2] - The company's L-PAMiD product has achieved market breakthroughs and sales growth, with PA module revenue reaching 2.6 billion yuan in 2023, accounting for 88% of the main business revenue [2] - The company has successfully entered the supply chains of major smartphone brands such as Xiaomi, OPPO, and VIVO, as well as ODM manufacturers like Huaqin Communications, Longqi Technology, and Wingtech Technology [2] - The company has launched Wi-Fi 7 products and achieved mass production, further strengthening its product portfolio [2] - The company is expected to achieve net profit attributable to the parent company of 4.5 billion yuan in 2024 and 5.7 billion yuan in 2025, with a new forecast of 7.3 billion yuan for 2026 [2] Financial Forecasts and Valuation - Revenue is projected to grow from 2.982 billion yuan in 2023 to 5.465 billion yuan in 2026, with a compound annual growth rate (CAGR) of 21.97% [2] - Net profit attributable to the parent company is expected to increase from 112.29 million yuan in 2023 to 730.05 million yuan in 2026, with a CAGR of 302.18% [2] - EPS is forecasted to rise from 0.27 yuan in 2023 to 1.75 yuan in 2026 [2] - The P/E ratio is expected to decrease from 194.95 in 2023 to 29.98 in 2026, indicating improving valuation metrics [2] Market and Industry Insights - The company is a leading domestic RF front-end PA manufacturer, with a strong presence in both 4G and 5G markets [2] - The company has established a comprehensive RF front-end solution provider status, with products covering 2G to 5G and Wi-Fi 6/6E/7 [2] - The company's L-PAMiD product has achieved mass production, marking a breakthrough in high-integration modules for domestic RF front-end products [2] - The company's products are widely recognized for their performance and stability, making it a high-quality supplier in the domestic market [2] Financial Performance - In 2023, the company's operating income was 2.982 billion yuan, with a gross profit margin of 24.76% [7] - The company's net profit margin attributable to the parent company increased from 3.77% in 2023 to 12.42% in 2024, and is expected to reach 13.36% by 2026 [7] - The company's ROE is projected to increase from 2.78% in 2023 to 12.59% in 2026, reflecting improved profitability and efficiency [8] Key Financial Metrics - The company's total assets are expected to grow from 4.819 billion yuan in 2023 to 6.945 billion yuan in 2026 [7] - The company's debt-to-asset ratio is forecasted to remain stable, ranging from 15.14% to 16.54% from 2024 to 2026 [8] - The company's operating cash flow is projected to increase from 744 million yuan in 2023 to 560 million yuan in 2026, indicating strong cash generation capabilities [8]

唯捷创芯（天津）电子技术股份有限公司 2023 年度会计师事务所履职情况评估报告 根据《中华人民共和国公司法》《中华人民共和国证券法》《国有企业、上 市公司选聘会计师事务所管理办法》和《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》等相关规范性文件的规定，唯捷创芯（天津）电子 技术股份有限公司（以下简称"公司"）对中兴华会计师事务所（特殊普通合伙） （以下简称"中兴华"）在 2023 年度的审计工作的履职情况进行了评估。具体 情况如下： 一、会计师事务所的情况 （一）资质条件 中兴华会计师事务所成立于 1993 年，2000 年由国家工商管理总局核准，改 制为"中兴华会计师事务所有限责任公司"。2009 年吸收合并江苏富华会计师事 务所，更名为"中兴华富华会计师事务所有限责任公司"。2013 年公司进行合伙 制转制，转制后的事务所名称为"中兴华会计师事务所（特殊普通合伙）"。注 册地址：北京市丰台区丽泽路 20 号院 1 号楼南楼 20 层。首席合伙人李尊农。 2023 年度末合伙人数量 189 人、注册会计师人数 969 人、签署过证券服务业务 审计报告的注册会计师人数 489 人。20 ...

中信建投证券股份有限公司 关于唯捷创芯（天津）电子技术股份有限公司 使用部分暂时闲置募集资金进行现金管理的核查意见 中信建投证券股份有限公司（以下简称"中信建投证券"、"本保荐机构"） 作为唯捷创芯（天津）电子技术股份有限公司（以下简称"唯捷创芯"、"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》《上海证券交易所科创板股票上市规则（2023 年 8 月修订）》《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（2022 年修订）》 《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（2023 年 12 月修订）》等相关规定，对唯捷创芯使用部分暂时闲置募集资金进行现金管理 的事项进行了审慎核查，具体情况如下： 一、募集资金基本情况 根据中国证券监督管理委员会出具的《关于同意唯捷创芯（天津）电子技术 股份有限公司首次公开发行股票注册的批复》（证监许可〔2022〕425 号），唯捷 创芯获准向社会公众首次公开发行人民币普通股（A 股）4,008.00 万股，每股发 行价格为人民币 66.60 元，募集资金总额为人民币 266,932.80 ...