证券代码：688213 证券简称：思特威 公告编号：2024-015 思特威（上海）电子科技股份有限公司 关于召开 2023 年年度股东大会的通知 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 2023 年年度股东大会 召开日期时间：2024 年 6 月 18 日 14 点 00 分 至 2024 年 6 月 18 日 股东大会召开日期：2024年6月18日 本次股东大会涉及每一特别表决权股份享有的表决权数量应当与每一 普通股份的表决权数量相同的议案 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 （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 （四） 现场会议召开的日期、时间和地点 召开地点：上海市闵行区田林路 889 号科技绿洲四期 8 号楼 （五） 网络投票的系统、起止日期和投票时间。 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 东大会召 ...

中信建投证券股份有限公司 1 | 序 | 工作内容 | 持续督导情况 | | --- | --- | --- | | 号 | | | | | | 保荐机构通过日常沟通、定期或 | | 3 | 通过日常沟通、定期回访、现场检查、尽职调查等 | 不定期回访、现场检查等方式， | | | 方式开展持续督导工作。 | 了解思特威经营情况，对思特威 | | | | 开展了持续督导工作。 | | | 持续督导期间，按照有关规定对上市公司违法违规 | 持续督导期间，思特威未发生按 | | | 事项公开发表声明的，应于披露前向上海证券交易 | | | 4 | 所报告，经上海证券交易所审核后在指定媒体上公 | 有关规定须保荐机构公开发表声 | | | 告。 | 明的违法违规情况。 | | | 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，应自发现或应当发现之日 | 持续督导期间，思特威未发生违 | | 5 | 起五个工作日内向上海证券交易所报告，报告内容 | 法违规或违背承诺等事项。 | | | 包括上市公司或相关当事人出现违法违规、违背承 | | | | 诺等事项的具体情况，保荐机构采取 ...

证券代码：688213 证券简称：思特威 公告编号：2024-014 思特威（上海）电子科技股份有限公司 关于召开 2023 年度暨 2024 年第一季度 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。 投资者可于 2024 年 05 月 16 日（星期四）至 05 月 22 日（星期三）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 4 月 27 日发布公司 2023 年年度报告、2024 年第一季度报告，为便于广大投资者 更全面深入地了解公司 2023 年度、2024 年第一季度的经营成果、财务状况，公 司计划于 2024 年 05 月 23 日下午 14:00-15:00 举行 2023 年度暨 2024 年第一季度 业绩说明会，就投资者关心的问题进行交流。 一、说明会类型 本次业绩说明会以网络 ...

证券研究报告：电子 | 公司点评报告 2024年5月14日 股票投资评级 思特威(688213) 买入|维持 手机汽车大幅增长助力扭亏为盈 个股表现 ⚫ 事件 思特威 电子 公司发布2023年年度报告和2024年第一季度报告。 11% 6% 2023年，公司实现营业收入28.57亿元，同比+15.08%；实现归 1% -4% 母净利润 0.14 亿元，同比扭亏为盈；实现扣非归母净利润 60.73 万 -9% 元，同比扭亏为盈；实现销售毛利率19.96%，同比-2.18pcts。 -14% -19% 单Q4来看，公司实现营业收入10.84亿元，同比+30.90%，环比 -24% -29% +54.89%；实现归母净利润0.80亿元，同比扭亏为盈，环比+9120.14%； -34% 扣非归母净利润0.61亿元，同比扭亏为盈，环比+1386.38%；销售毛 -39% 2023-05 2023-07 2023-10 2023-12 2024-03 2024-05 利率同比+8.38pcts，环比+2.44pcts。 资料来源：聚源，中邮证券研究所 2024年Q1，公司实现营业收入8.37亿元，同比+84.31%，环比 ...

中信建投证券股份有限公司（以下简称"中信建投证券"、"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《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》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》等有关规定，对思特威首 次公开发行战略配售限售股上市流通（以下简称"本次上市流通"）的事项进行 了审慎核查，发表核查意见如下： 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（以下简称"中国证监会"）于2022年3月25 日出具的《关于同意思特威（上海）电子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【2022】636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40,010,000股， 并于2022年5月20日在上海证券交易所科创板上市，发行完成后总股本为 400,010,000股，其中有限售条件流通股369,876,364股，无限售条件流通股 30,133,636股。 本次上市流通的限售股为公司首次公开发行 ...

证券代码：688213 证券简称：思特威 公告编号：2024-013 思特威（上海）电子科技股份有限公司 首次公开发行战略配售限售股上市流通公告 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战略配售股份（限售期 24 个月）；股票认购方式 为网下，上市股数为 1,600,400 股。本公司确认，上市流通数量等于该限售期的全 部战略配售股份数量。 本次股票上市流通总数为 1,600,400 股。 本次股票上市流通日期为 2024 年 5 月 20 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（以下简称"中国证监会"）于 2022 年 3 月 25 日出具的《关于同意思特威（上海）电子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【2022】636 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 40,010,000 股，并于 2022 年 5 月 20 日在上海证券交易所科创板上市，发行完成后总股本为 40 ...

[Table_Main] 证券研究报告 | 公司点评 思特威(688213.SH) 2024 年 05 月 04 日 买入（维持） 所属行业：电子/半导体 当前价格(元)：48.30 证券分析师 陈蓉芳 资格编号：S0120522060001 邮箱：chenrf＠tebon.com.cn 研究助理 市场表现 -23% -11% 0% 11% 23% 34% 思特威 沪深300 | --- | --- | --- | --- | |--------------------------------|----------------|--------------|-------| | -34% 2023-05 \n沪深 300 对比 | 2023-09 \n1M | 2024-01 \n2M | 3M | | 绝对涨幅 (%) | -3.17 | 0.71 | 24.81 | | 相对涨幅 (%) | -5.06 | -1.80 | 12.71 | | 资料来源：德邦研究所，聚源数据 | | | | 相关研究 1.《2023 年年度业绩预盈点评-思特威 （688213.SH）：预告全年业绩扭亏为 盈，手机业务勾勒成 ...

Investment Rating - The report maintains a "Buy" rating for the company [1][3] - The market price is reported at RMB 47.31, with a sector rating of "Outperform" [1] Core Insights - The company achieved a turnaround in profitability in Q4 2023 and Q1 2024, with significant year-on-year revenue growth and a return to profit for net income excluding non-recurring items [3][4] - The smartphone segment has opened a second growth curve for the company, driven by the introduction of high-end smartphone camera modules [4] Financial Performance Summary - In Q4 2023, the company reported revenue of RMB 1.084 billion, a year-on-year increase of 31%, with a gross margin of 22.7%, up 8.4 percentage points [4] - For Q1 2024, revenue reached RMB 837 million, a year-on-year increase of 84%, with a gross margin of 21.3%, up 1.5 percentage points [4] - The smartphone CIS revenue for 2023 was RMB 892 million, a 50% increase year-on-year, while automotive electronics CIS revenue was RMB 294 million, up 30% [4] - The company’s inventory decreased significantly from RMB 2.93 billion at the end of 2022 to RMB 2.28 billion at the end of 2023 [4] Revenue and Profit Forecast - Projected revenues for 2024, 2025, and 2026 are RMB 4.301 billion, RMB 5.736 billion, and RMB 7.131 billion respectively [5][6] - Expected EPS for 2024, 2025, and 2026 are RMB 0.67, RMB 1.28, and RMB 1.89 respectively [5][6] - The company’s market capitalization is reported at RMB 18.924 billion, with corresponding PE ratios of 70.5, 36.8, and 25.1 for the years 2024, 2025, and 2026 [4][5]

思特威-W（688213.SH）2023年年报&2024年一季报点评 高端手机 CIS 开辟第二增长曲线 2024年04月29日 ➢ 事件：思特威4月26日晚发布2023年年报和2024年一季报，2023年， 推荐 维持评级 公司实现收入28.57亿元（YoY+15.08%），归母净利润0.14亿元（同比扭亏）， 当前价格： 49.08元 扣非归母净利润 60.74 万元（同比扭亏）。对于 4Q23 单季度，公司实现收入 10.84 亿元（YoY+30.9%，QoQ+54.89%），创单季收入历史新高，归母净利 [Table_Author] 润0.8亿元（同比扭亏，QoQ+9120.14%），扣非归母净利润0.61亿元（同比 扭亏，QoQ+1386.38%）。 2024年Q1，公司实现收入8.37亿元（YoY+84.31%，QoQ-22.78%），为单 季历史次高水平，归母净利润0.14亿元（同比扭亏，QoQ-82.4%），扣非归母 净利润0.2亿元（同比扭亏，QoQ-67.61%）。 ➢ “安防+手机+汽车”三箭齐发，产品矩阵持续完善。2023年公司坚持“智 分析师 方竞 慧安防+智能手机+汽车电子”三足鼎 ...

Dividend Distribution - The company plans to distribute a cash dividend of 0.165 RMB per share, totaling approximately 65.91 million RMB, which represents 463.67% of the net profit attributable to shareholders for the year 2023[6]. - The company has a cash dividend policy that mandates a minimum of 10% of the distributable profit to be distributed as cash dividends if the net profit is positive[160]. - The total cash dividend amount, including share repurchases, is approximately 95.92 million RMB, which is 674.75% of the net profit attributable to shareholders[164]. Share Capital and Ownership - As of December 31, 2023, the total share capital of the company is 40.01 million shares, with 536,872 shares held in the repurchase account[6]. - The actual controller, Xu Chen, holds 13.71% of the company's shares directly, while controlling 48.15% of the voting rights through special voting rights arrangements[8]. - The company has set up a special voting rights arrangement, where each A-class share held by the actual controller has five times the voting power of B-class shares[8]. - After the share repurchase, the proportion of special voting rights will increase accordingly, with the chairman holding 73,588 special voting shares converted to ordinary shares, maintaining the same voting rights ratio[125]. - The chairman, Xu Chen, holds a total of 273,847,863 voting rights, representing 44.28% of the total voting rights[124]. Financial Performance - The company's operating revenue for 2023 was approximately CNY 2.86 billion, representing a year-on-year increase of 15.08% compared to CNY 2.48 billion in 2022[21]. - The net profit attributable to shareholders for 2023 was CNY 14.22 million, a significant recovery from a net loss of CNY 82.75 million in 2022[21]. - The net cash flow from operating activities for 2023 was CNY 767.01 million, a substantial improvement from a negative cash flow of CNY 1.52 billion in 2022[22]. - The company's total assets at the end of 2023 were approximately CNY 6.15 billion, reflecting a 1.52% increase from CNY 6.05 billion at the end of 2022[22]. - The company's net assets attributable to shareholders increased slightly to CNY 3.74 billion, up 0.25% from CNY 3.73 billion in 2022[22]. Research and Development - Research and development expenses accounted for 10.01% of operating revenue in 2023, a decrease of 2.36 percentage points from 12.37% in 2022[23]. - The company achieved a total R&D investment of ¥286,154,565.86 in the reporting period, a decrease of 6.87% compared to the previous year[52]. - The company applied for 169 new intellectual property projects during the reporting period, including 89 invention patents, and received authorization for 116 projects[50]. - The company has developed several core technologies for CMOS image sensors, with advancements including the mass production of SFCPixel® technology and the third-generation NIR+ technology entering pilot testing[46]. - The company is focusing on expanding its market presence through new product developments and technological advancements in the imaging sensor field[48]. Market Performance and Strategy - The company plans to continue focusing on product development and market expansion in smart security, smartphones, and automotive electronics[23]. - The company maintained a 33.3% market share in the global security CIS market in 2022, ranking first in global shipments for the third consecutive year[33]. - The smartphone CIS segment generated revenue of 891.79 million yuan in 2023, a 50.40% increase year-on-year, representing 31.21% of total revenue[37]. - The automotive electronics sector achieved sales of 294.22 million yuan in 2023, a 30.45% increase year-on-year, accounting for 10.30% of total revenue[39]. - The company is currently developing the AI smart sensor platform, which is expected to enhance product offerings in the imaging sector[48]. Risk Management - The company has disclosed various risks it may face in the "Management Discussion and Analysis" section of the report[4]. - The company emphasizes the importance of investment risk awareness in its forward-looking statements[9]. - The company faces risks related to inventory valuation as business scales up, which could lead to increased inventory write-downs if market conditions change[67]. - The company is exposed to foreign exchange risks due to overseas sales and purchases, which could impact financial performance if currency fluctuations occur[67]. - The company has implemented risk control measures for foreign exchange derivative trading, including avoiding speculative trading[102]. Corporate Governance - The company has established a system to protect minority shareholders' rights, including the appointment of three independent directors with special powers to supervise major transactions[127]. - The company has implemented strict information disclosure management to ensure compliance with legal obligations and protect investor interests[127]. - The company has established various internal control systems to prevent management from harming the interests of the company and public investors[127]. - The company has a robust governance structure to protect the rights of shareholders and creditors, ensuring compliance with relevant laws and regulations[186]. - The company emphasizes quality control across multiple stages of product development to ensure compliance with industry standards[190]. Social Responsibility and Sustainability - The company is committed to building an international talent cultivation system to enhance the professional skills and project management capabilities of its R&D team[118]. - The company invested 1.77 million CNY in environmental protection during the reporting period[176]. - The company is not classified as a key pollutant discharge unit and has not faced any administrative penalties for environmental issues[178][179]. - The company has implemented measures for low-carbon development, such as using electronic manuals and recycling paper trays[181]. - The company actively engages in social responsibility initiatives, including rural revitalization and educational support[183].