证券代码：688213 证券简称：思特威 思特威（上海）电子科技股份有限公司 投资者关系活动记录表 编号：2024-12-1 | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | |-----------------------|-------------------------|-------------|----------------------------------------------------|-------|----------------------------------------------------|-------|-------|-------|-------|-------|-------| | | | | | | | | | | | | | | | R | | 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 ...

Investment Rating - The investment rating for the company is "Buy" [1][2] - The previous rating was also "Buy" [1] Core Views - The company has launched a new high-end mobile CIS product, SC585XS, which offers a more cost-effective solution compared to its predecessor, SC580XS, and is expected to further promote the localization of mobile CIS in China [2] - The SC585XS features a resolution of 50 million pixels, a pixel size of 1.22µm, and an optical size of 1/1.28 inches, utilizing 28nm Stacked BSI technology, which is anticipated to lower costs while maintaining performance [2] - The product incorporates advanced technologies such as SFCPixel®-2, PixGain HDR®, and AllPix ADAF®, providing high dynamic range, low noise, fast focus, and ultra-low power consumption, enhancing the imaging experience for flagship smartphones [2] - The release of SC585XS is expected to challenge global leaders in the high-performance CIS market, particularly Sony and Samsung, by providing more options for domestic smartphone brands [2] Financial Summary - The company's projected revenue for 2024 is RMB 5,808 million, with a growth rate of 103.3% compared to 2023 [3] - The expected EPS for 2024 is RMB 0.96, with a significant increase projected for subsequent years [2][3] - The company’s total market capitalization is approximately RMB 28.5 billion as of November 29, 2024 [2] - The projected PE ratios for 2024, 2025, and 2026 are 74.4, 33.5, and 21.6 respectively [2][3]

Financial Performance - Revenue for the first three quarters of 2024 reached 420,755.06 million yuan, a year-on-year increase of 137.33% [3] - Net profit attributable to shareholders was 27,323.78 million yuan, an increase of 33,871.24 million yuan compared to the same period last year [3] - Non-GAAP net profit was 30,494.83 million yuan, an increase of 36,487.25 million yuan [3] Business Model and Strategy - The company operates under a Fabless model, focusing on CMOS image sensor R&D, design, and sales, while outsourcing wafer production and packaging [3][4] - The company has established its own testing facilities to ensure product quality and convenience in final testing [4] - Future strategy emphasizes maintaining R&D investment, optimizing product matrix, enhancing product performance, and expanding market presence in smart security, smartphones, and automotive electronics [4][5] R&D and Innovation - R&D investment for the first three quarters of 2024 was 32,117.38 million yuan [4] - The company focuses on developing high-quality, intelligent video solutions tailored to customer needs, with a diverse product series covering high, mid, and low-end markets [4] Market and Growth - The company has successfully developed a second growth curve in the smartphone sector [3][5] - Plans to strengthen cooperation with core clients, explore new market opportunities, and expand into new application areas to sustain high growth rates [5]

证券代码：688213 证券简称：思特威 公告编号：2024-047 思特威（上海）电子科技股份有限公司 关于部分特别表决权股份转换为普通股份的 提示性公告 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： 2024 年 8 月 23 日及 2024 年 9 月 27 日，思特威（上海）电子科技股份 有限公司（以下简称"公司"）召开第二届董事会第三次会议及 2024 年第一次 临时股东大会，审议通过了《关于以集中竞价方式回购公司股份方案的议案》， 同意公司使用自有资金以集中竞价交易方式回购公司已发行的人民币普通股（A 股）股票，回购的股份用于注销并减少注册资本。回购注销公司股份后，特别表 决权比例相应提高。根据《上海证券交易所科创板股票上市规则》《思特威（上 海）电子科技股份有限公司公司章程》（以下简称"《公司章程》"）等相关规 定，公司需将相应数量特别表决权股份转换为普通股份，以保证特别表决权比例 不高于原有水平。 自 2024 年 10 月 11 日至 2024 年 11 月 22 日，公司新增回购股份 ...

中信建投证券股份有限公司（以下简称"中信建投"或"保荐机构"）作为 思特威（上海）电子科技股份有限公司（以下简称"思特威"或"公司"）首次 公开发行股票并在科创板上市及持续督导的保荐机构，根据《中华人民共和国 公司法》《中华人民共和国证券法》《首次公开发行股票注册管理办法》《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》等有关法律 法规的规定，中信建投对公司部分特别表决权股份转换为普通股份的事项进行 了审慎核查，发表核查意见如下： 一、特别表决权设置情况 2020年12月15日，公司召开创立大会暨第一次股东大会，全体股东出席会 议，会议一致审议通过了《关于思特威（上海）电子科技股份有限公司设置特 别表决权股份的议案》，并制定《公司章程》，设置特别表决权股份安排。除 非经公司股东大会决议终止特别表决权安排，公司特别表决权设置将持续、长 期运行。 根据特别表决权设置安排，公司股本由具有特别表决权的A类股份及普通股 份B类股份组成。除审议特定事项A类股份与B类股份对应的表决权数量相同外， 控股股东、实际控制人徐辰持有的A类股份每股拥有的表决权数量为其他股东所 持有的B类股份每股拥有的表决权的5 ...

证券代码：688213 证券简称：思特威 思特威（上海）电子科技股份有限公司 投资者关系活动记录表 编号：2024-11-4 | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | |----------------|----------------------------------|-------|-------|-------|------------------------------------------------------------|-------|-------|-------|-------|-------| | | | | | | | | | | | | | | R 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 | £新闻发布会 R £ 现场参观 | | | | | | | | | | | | £ 其他（请文字说明其他活动内容） | | ...

证券代码：688213 证券简称：思特威 公告编号：2024-046 思特威（上海）电子科技股份有限公司 关于股份回购实施结果暨股份变动的公告 购价格不超过 79 元/股（含），回购期限自 2024 年第一次临时股东大会审议通过本 次回购方案之日起 12 个月内。具体内容详见公司于 2024 年 8 月 24 日刊登在上海 证券交易所网站（www.sse.com.cn）的《关于以集中竞价交易方式回购股份的回购 报告书》（公告编号：2024-029）。 二、 回购实施情况 1、2024 年 10 月 11 日，公司首次实施本次回购股份，具体内容详见公司于 2024 年 10 月 14 日刊登在上海证券交易所网站（www.sse.com.cn）的《关于以集中 竞价交易方式首次回购公司股份的公告》（公告编号：2024-041）。 2、截至本公告披露日，公司已完成本次股份回购。公司通过上海证券交易所 交易系统以集中竞价交易方式已实际回购公司股份 297,803 股，占公司总股本 400,010,000 股的比例为 0.07%，回购成交的最高价为 69.95 元/股，最低价为 64.34 元/股，回购均价 67.29 ...

证券代码：688213 证券简称：思特威 思特威（上海）电子科技股份有限公司 投资者关系活动记录表 编号：2024-11-3 | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | |--------------|--------------------------------------------------------|----------------------------------------------------|-------|-------|-------|-------|-------|-------|-------| | | | | | | | | | | | | | R | 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 £新闻发布会 R | 路演活动 | | | | | | | | | 活动类别 | £ 现场参观 | | | | | | | | | | | £ | 其他（请文字说明其他活动内容） | | | | ...

Investment Rating - The report maintains a "Buy" rating for the company, indicating a strong expectation of performance relative to the market [6]. Core Insights - The company achieved a significant milestone by exceeding 100 million units shipped in a single month for its CIS products, marking its entry into the top tier of mobile CIS manufacturers [6]. - Revenue from security and mobile sectors saw substantial growth, with the smartphone market successfully opening a second growth curve for the company [6]. - The company has accelerated the mass production of high-end mobile products, with its CIS products covering mainstream market demands from 8M to 50M pixels, positioning it to become the largest business segment in 2024 [6]. - New security products have enhanced performance and competitiveness, with a comprehensive product matrix covering various industrial applications [6]. - The profit forecast has been revised upwards, with expected net profits for 2024-2026 projected at 416 million, 780 million, and 1.262 billion yuan respectively, reflecting a significant increase from previous estimates [6]. Financial Summary - Total revenue for 2023 is projected at 2.857 billion yuan, with a year-on-year growth rate of 15.1%. For 2024, revenue is expected to reach 5.746 billion yuan, representing a growth rate of 101.1% [9]. - The net profit for 2024 is forecasted at 416 million yuan, a dramatic increase from 14 million yuan in 2023, with a year-on-year growth rate of 2,829.6% [9]. - The gross margin is expected to improve from 20.0% in 2023 to 21.9% in 2024, indicating enhanced profitability [9].

证券代码：688213 证券简称：思特威 公告编号：2024-045 思特威（上海）电子科技股份有限公司 关于召开 2024 年第三季度业绩说明会的公告 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： 会议召开时间：2024 年 11 月 20 日（星期三）上午 10:00-11:00 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/） 会议召开方式：上证路演中心网络互动 投资者可于 2024 年 11 月 13 日（星期三）至 11 月 19 日（星期二）16:00 前登 录上证路演中心网站首页点击 " 提问预征集 " 栏目或通过公司邮箱 ir@smartsenstech.com 进行提问。公司将在说明会上对投资者普遍关注的问题进 行回答。 思特威（上海）电子科技股份有限公司（以下简称"公司"）已于 2024 年 10 月 26 日发布公司《2024 年第三季度报告》，为便于广大投资者更全面深入地了 解公司 2024 年第三季度经营成果、财务状况 ...