思特威（上海）电子科技股份有限公司 关于安永华明会计师事务所（特殊普通合伙） 2024 年履职情况评估报告 思特威（上海）电子科技股份有限公司（以下简称"公司"）聘请安永华明 会计师事务所（特殊普通合伙）（以下简称"安永华明"）作为公司 2024 年度 财务报告出具审计报告的会计师事务所。 根据财政部、国务院国有资产监督管理委员会、中国证券监督管理委员会颁 布的《国有企业、上市公司选聘会计师事务所管理办法》，公司对安永华明会计 师事务所（特殊普通合伙）在 2024 年度的审计工作的履职情况进行了评估。具 体情况如下： 1、资质条件 安永华明会计师事务所（特殊普通合伙）（以下简称"安永华明"）于 1992 年 9 月成立，2012 年 8 月完成本土化转制，从一家中外合作的有限责任制事务 所转制为特殊普通合伙制事务所。安永华明总部设在北京，注册地址为北京市东 城区东长安街 1 号东方广场安永大楼 17 层 01-12 室。截至 2024 年末拥有合伙人 251 人，首席合伙人为毛鞍宁先生。安永华明拥有财政部颁发的会计师事务所执 业资格，于美国公共公司会计监督委员会（US PCAOB）注册，是中国首批获得 证券期 ...

Core Insights - The company reported a revenue of 1.75 billion yuan for Q1 2025, representing a year-on-year growth of 108.94% [1] - The net profit for the same period was 191 million yuan, showing a significant year-on-year increase of 1,264.97% [1] Financial Performance - Revenue for Q1 2025 reached 1.75 billion yuan, which is a substantial increase compared to the previous year [1] - The net profit of 191 million yuan indicates an extraordinary growth rate, highlighting the company's strong financial performance [1]

Summary of Key Points from the Conference Call Records Industry Overview - The global CIS market is expected to recover in the second half of 2023 after a decline in 2022, with market size projected to grow from $21.8 billion in 2022 to $28.6 billion by 2029, driven primarily by mobile devices and emerging applications in automation and intelligence [1][7] - The mobile CIS market is experiencing a revival in the second half of 2023, with camera quality improvements driven by upgrades in imaging functions across various smartphone models [1][8] - The automotive CIS market is expanding due to advancements in autonomous driving, with demand shifting from traditional rearview cameras to ADAS applications [1][10] Key Players and Market Dynamics - Sony leads the smartphone CIS market with a 55% share, followed by Samsung with over 20% and OmniVision with approximately 7% [1][8] - Major suppliers in the automotive CIS market include ON Semiconductor, OmniVision, Sony, and SmartSens, with the number of cameras per vehicle increasing as the level of intelligent driving improves [1][10] - The security CIS market is expected to recover in 2024, driven by AI technology and increased demand for consumer-grade surveillance cameras, with SmartSens and OmniVision dominating the market [2][12] Company-Specific Insights - Weir Shares has shifted its focus to CIS design following the acquisition of OmniVision, with image sensor solutions accounting for 77% of its revenue, primarily in smartphones, automotive electronics, and security [2][17] - Weir Shares is ranked third in the global CMOS image sensor market in 2023, with projected revenues of 60 billion, 82 billion, and 100 billion yuan from 2024 to 2026, reflecting significant growth [2][22] - SmartSens is diversifying its business into machine vision, intelligent driving, and smartphones, with a revenue distribution of 39.73% in smart security, 9.43% in automotive electronics, and 50.84% in smartphones as of mid-2024 [2][15] Market Trends and Future Projections - The average number of camera sensors in smartphones is expected to reach 4.5 to 5 by 2028, with high-quality products driving demand [1][8] - The Chinese new energy vehicle market is projected to grow from 1.21 million units in 2019 to nearly 13 million units by 2024, significantly increasing the demand for automotive CIS [1][11] - The automotive CIS market is expected to see a rise in high-resolution camera demand, with 800 million pixel cameras becoming more common in new energy vehicles [1][10][19] Technical Aspects and Industry Structure - CIS performance is influenced by factors such as effective pixel count, pixel size, optical size, signal-to-noise ratio, dynamic range, and quantum efficiency [3] - The CIS industry chain includes upstream raw materials, midstream chip design and manufacturing, and downstream applications in automotive, mobile, security, and machine vision [4] Conclusion - The CIS market is poised for growth driven by technological advancements and increasing demand across various sectors, including mobile, automotive, and security applications. Companies like Weir Shares and SmartSens are strategically positioning themselves to capitalize on these trends through acquisitions and product diversification.

| 研究所： | | | --- | --- | | 证券分析师： | 姚丹丹 S0350524060002 | | | yaodd@ghzq.com.cn | | 证券分析师： | 郑奇 S0350524030006 | | | zhengq@ghzq.com.cn | | 证券分析师： | 傅麒丞 S0350524080001 | | | fuqc@ghzq.com.cn | [Table_Title] 多领域布局赋能视觉，加速国产 CIS 替代 ——思特威（688213）科创板公司深度研究 最近一年走势 | 相对沪深 300 | 表现 | | 2025/04/14 | | --- | --- | --- | --- | | 表现 | 1M | 3M | 12M | | 思特威 | -4.6% | 23.3% | 103.8% | | 沪深 300 | -6.2% | -1.6% | 8.2% | | 市场数据 | | | 2025/04/14 | | 当前价格（元） | | | 93.74 | | 周价格区间（元） 52 | | | 41.50-115.00 | | 总市值（百万） | | | 37,6 ...

Group 1 - The core viewpoint of the article highlights the recent research conducted by Taiyang Asset on a listed company, Sitaiwei, which reported significant growth in revenue and net profit for the year 2024 [1] - Sitaiwei achieved an operating income of 5.969 billion yuan, representing a year-on-year increase of 108.91%, and a net profit of 391 million yuan [1] - The company continues to deepen its presence in the smartphone, smart security, and automotive electronics sectors, with increased product shipment volumes and market share [1] Group 2 - Sitaiwei's product development strategy focuses on a diverse and differentiated product range, covering all tiers from high to low-end products [1] - The company adheres to a "research one generation, mass production one generation, pre-research one generation" philosophy in its R&D efforts [1] - Utilizing a Fabless model, Sitaiwei specializes in the research, design, and sales of CMOS image sensors, with its own testing facility for final testing [1] Group 3 - Sitaiwei's products are designed to meet various demanding conditions, including low light, high temperature, strong light contrast, and fast-moving object capture, catering to both high-end and low-end markets [1]

金融界2025年3月29日消息，国家知识产权局信息显示，思特威（上海）电子科技股份有限公司申请一 项名为"图像传感器及其控制方法"的专利，公开号CN 119697513 A，申请日期为2023年9月。 天眼查资料显示，思特威（上海）电子科技股份有限公司，成立于2017年，位于上海市，是一家以从事 计算机、通信和其他电子设备制造业为主的企业。企业注册资本39971.2197万人民币，实缴资本36000 万人民币。通过天眼查大数据分析，思特威（上海）电子科技股份有限公司共对外投资了11家企业，参 与招投标项目4次，财产线索方面有商标信息129条，专利信息572条，此外企业还拥有行政许可17个。 专利摘要显示，本发明提供一种图像传感器及其控制方法，图像传感器包括：信号生成模块，用于在双 增益工作模式下生成第一转换增益的图像数据信号及第二转换增益的图像数据信号，在单增益工作模式 下生成设定转换增益的图像数据信号；信号存储模块，与信号生成模块耦接，用于在双增益工作模式下 通过不同存储器件存储相应信号，在单增益工作模式下通过存储器件合并的方式存储相应信号；信号读 出模块，与信号存储模块耦接，用于对不同工作模式下的相应信号 ...

Group 1 - A total of 203 companies were investigated by institutions in the past five days, with significant interest in companies like Shenzhen South Circuit, Chip Source Micro, and Zoli Pharmaceutical [1] - Among the companies investigated, 46 received attention from more than 20 institutions, with Shenzhen South Circuit being the most popular, attracting 129 institutions [1] - The types of institutions involved in the investigations included 177 securities companies, 148 fund companies, and 85 private equity firms [1] Group 2 - In terms of market performance, 25 stocks among those investigated saw an increase, with Shenghong Technology, Xingtum Control, and Chaohongji leading with gains of 37.70%, 27.75%, and 18.76% respectively [2] - Nine stocks have reported annual results, with the highest net profit growth seen in Wantong Hydraulic and Xingtum Control, at 37.02% and 35.68% respectively [2] - Fourteen stocks have released preliminary reports for 2024, with significant net profit growth reported by Sitwei and Shenghong Technology, at 2651.81% and 72.94% respectively [2]

证券代码：688213 证券简称：思特威 公告编号：2025-004 思特威（上海）电子科技股份有限公司 股东减持股份计划公告 本公司董事会、全体董事及相关股东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： 股东持股的基本情况 截至本公告披露日，思特威（上海）电子科技股份有限公司（以下简称"公 司"）股东持股情况如下： 1、国家集成电路产业投资基金二期股份有限公司（以下简称"国家集成电 路基金二期"）持有公司股份 29,543,603 股,占公司总股本的 7.35%。 2、Brizan China Holdings Limited（以下简称"Brizan Holdings"）持有公司股 份 23,402,230 股，占公司总股本的 5.82%。 3、共青城思智威科技产业投资合伙企业（有限合伙）（以下简称"共青城思 智威"）持有公司股份 17,170,441 股，占公司总股本的 4.27%。 4、公司董事、副总经理马伟剑先生持有公司股份 16,404,798 股，占公司总 股本的 4.08%。 上述 4 名股东的股份均来源于公司 ...

Financial Performance - The company achieved total revenue of CNY 596,928.94 million, an increase of 108.91% compared to the previous year[2] - The net profit attributable to the parent company reached CNY 39,118.32 million, a significant increase of 2,651.81% year-on-year[2] - Basic earnings per share rose to CNY 0.98, reflecting a 2,350.00% increase from the previous year[2] Assets and Equity - Total assets at the end of 2024 were CNY 785,710.07 million, up 27.85% from the beginning of the period[3] - Equity attributable to the parent company increased by 11.67% to CNY 417,743.93 million[3] Market and Product Development - The company's gross profit margin improved significantly due to increased sales in the smartphone and automotive electronics sectors[6] - The company launched several high-performance products in the smartphone market, contributing to a substantial rise in sales volume[5] - The company deepened collaborations with multiple clients, enhancing market share and driving revenue growth in the smartphone sector[5] - The increase in revenue and profit was primarily driven by the company's focus on product development and market promotion[7] Audit and Reporting - The financial data presented is preliminary and subject to final audit in the 2024 annual report[1]

Financial Performance - The company expects 2024 revenue to be between 5.8 billion and 6.1 billion yuan, a year-on-year increase of 103% to 113% [1] - Net profit for 2024 is projected to be between 371 million and 417 million yuan, a year-on-year increase of 2512% to 2830% [1] - Non-GAAP net profit for 2024 is expected to be between 364 million and 409 million yuan, a year-on-year increase of 59796% to 67244% [1] - In 2023, the company achieved revenue of 2.857 billion yuan and net profit of 14.22 million yuan, with basic earnings per share of 0.04 yuan [1] Business Overview - The company specializes in the R&D, design, and sales of high-performance CMOS image sensor chips [1] - Products are widely used in security surveillance, machine vision, smartphones, automotive electronics, and industrial sensing [1] - The company operates under a Fabless model, focusing on R&D and design while outsourcing wafer production and packaging [1] - The company has established its own testing facility for final testing (FT testing) to ensure product quality and debugging convenience [1] Growth Drivers - New generation products in the smart security field have shown superior performance and competitiveness, leading to significant sales growth [2] - High-end 50MP products for flagship smartphones and cost-effective 50MP products for mainstream smartphones have seen substantial shipment growth [2] - Deepened cooperation with multiple customers and expanded application scenarios have increased market share in the smartphone sector [2] - Products for automotive electronics, including smart driving (surround view, side view, and front view) and in-cabin applications, have experienced significant shipment growth [2] R&D and Innovation - R&D investment in the first three quarters of 2024 reached 321 million yuan [2] - The company has developed diverse and differentiated product series to meet customer needs across various image sensor application fields [2] - Product offerings cover high, mid, and low-end segments to cater to different customer positioning [2] Strategic Direction - The company maintains a three-pillar development strategy focusing on smart security, smartphones, and automotive electronics [3] - The company aims to optimize its product matrix and build a more resilient supply chain system [3] - The smartphone sector has become the company's second growth curve [3]