证券代码：688220 证券简称：翱捷科技 公告编号：2025-026 翱捷科技股份有限公司 关于召开 2024 年度暨 2025 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。 重要内容提示： ???会议召开时间：2025 年 05 月 26 日（星期一）13:00-14:00 ? 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 2025 年 05 月 20 日（星期二）至 05 月 23 日（星期 五）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@asrmicro.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。 翱捷科技股份有限公司（以下简称"公司"）已于 2025 年 4 月 告，为便于广大投资者更全面深入地了解公司 2024 年度及 2025 年第 一季度经营成果、财务状况，公司计划于 2025 年 05 月 ...

证券代码：688220 证券简称：翱捷科技 公告编号：2025-026 翱捷科技股份有限公司 会议召开方式：上证路演中心网络互动 投资者可于 2025 年 05 月 20 日（星期二）至 05 月 23 日（星期 五）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@asrmicro.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。 翱捷科技股份有限公司（以下简称"公司"）已于 2025 年 4 月 8 日、4 月 30 日分别发布公司 2024 年年度报告及 2025 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 2024 年度及 2025 年第 一季度经营成果、财务状况，公司计划于 2025 年 05 月 26 日（星期 一）13:00-14:00 举行 2024 年度暨 2025 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 本次投资者说明会以网络互动形式召开，公司将针对 2024 年度 及 2025 年第一季度的经营成果及财务指标的具体情况与投资者进行 互动交流和沟通，在信息披露允许的范围内就投资者普遍关注的问题 ...

翱捷科技股份有限公司 2024 年年度股东大会会议资料 翱捷科技股份有限公司 翱捷科技股份有限公司 2024 年年度股东大会会议资料 翱捷科技股份有限公司 2024 年年度股东大会会议资料 证券代码：688220 证券简称：翱捷科技 翱捷科技股份有限公司 翱捷科技股份有限公司 为了维护全体股东的合法权益，确保股东大会的正常秩序和议事效率，保证 大会的顺利进行，根据《中华人民共和国公司法》、《中华人民共和国证券法》、 《上市公司股东大会规则》以及《翱捷科技股份有限公司章程》、《翱捷科技股 份有限公司股东大会议事规则》等相关规定，特制定 2024 年年度股东大会须知。 一、为保证本次大会的严肃性和正常秩序，切实维护与会股东（或股东代理 人）的合法权益，除出席会议的股东（或股东代理人）、公司董事、监事、高级 管理人员、见证律师及董事会邀请的人员外，公司有权依法拒绝其他无关人员进 入会场。 二、出席会议的股东及股东代理人须在会议召开前半小时到会议现场办理签 到手续，并按规定出示证券账户卡、身份证明文件或营业执照/注册证书复印件 （加盖公章）、授权委托书等，上述登记材料均需提供复印件一份，个人登记材 料复印件须个人签字 ...

翱捷科技股份有限公司 2024 年年度股东大会会议资料 证券代码：688220 证券简称：翱捷科技 翱捷科技股份有限公司 2024 年年度股东大会会议资料 2025 年 05 月 1 翱捷科技股份有限公司 2024 年年度股东大会会议资料 翱捷科技股份有限公司 2024 年年度股东大会会议资料目录 | 2024年年度股东大会会议须知 | | 3 | | --- | --- | --- | | 2024年年度股东大会会议议程 | | 5 | | 议案一、关于《2024年度董事会工作报告》的议案 | | 7 | | 议案二、关于《2024年度独立董事述职报告》的议案 | | 8 | | 议案三、关于《2024年度监事会工作报告》的议案 | | 9 | | 议案四、关于《2024年度财务决算报告》的议案 | | 10 | | 议案五、关于2024年年度利润分配预案的议案 | | 11 | | 议案六、关于《2024年年度报告》及摘要的议案 | | 12 | | 议案七、关于续聘公司2025年度审计机构的议案 | | 13 | | 议案八、关于修订《公司章程》及附件的议案 | | 14 | | 议案九、关于修订公司部 ...

Investment Rating - The report maintains a "Buy" rating for several key companies in the semiconductor and AI sectors, including 中芯国际 (SMIC), 海光信息 (Haiguang), and others, indicating strong growth potential in the domestic AI and computing landscape [5][6]. Core Insights - The domestic AI landscape is witnessing significant advancements with the emergence of models like 豆包 (Doubao) and DeepSeek, which are leading the charge in multi-modal and lightweight AI model development, respectively [1][2]. - The report highlights a shift towards domestic computing power solutions, with chip manufacturers rapidly adapting to the evolving AI ecosystem, particularly through advancements in semiconductor processes and AI training capabilities [2][3]. - There is a notable increase in capital expenditure among cloud computing firms, driven by the rising demand for AI computing infrastructure, which is expected to lead to a "volume and price rise" scenario in the cloud computing market [3][4]. Summary by Sections Section 1: Breakthroughs in Domestic AI Models - 豆包 has emerged as a leading multi-modal model, enhancing capabilities in speech, image, and code processing, with a significant release of its visual understanding model in December 2024 [1][11]. - DeepSeek focuses on lightweight model upgrades, achieving a remarkable cost-performance ratio with its DeepSeek-V3 model, which has 671 billion total parameters and costs only 557.6 million USD, positioning it among the world's top models [1][12]. - The rapid iteration of domestic models, including updates from 通义千问 and others, reflects a competitive landscape that is accelerating the development of AI applications [1][34]. Section 2: Advancements in Domestic Computing Power - 中芯国际 is advancing its semiconductor processes, with N+1 and N+2 technologies being developed to support the growing demand for AI chips, achieving significant performance improvements [2][56]. - The report notes that the domestic chip industry is evolving, with companies like 昇腾 (Ascend) and others making strides in AI training and inference capabilities, thereby reducing reliance on international competitors [2][59]. - The cloud computing sector is experiencing a capital expenditure boom, with companies like 华勤 and 浪潮 rapidly deploying servers that are compatible with domestic computing power solutions [3][4]. Section 3: Infrastructure and Supply Chain Developments - The report emphasizes the need for enhanced computing infrastructure to meet the surging demand for AI applications, with significant investments being made in server and power supply innovations [3][4]. - Innovations in power supply and cooling systems, particularly the shift from traditional air cooling to liquid cooling, are becoming essential to support the increasing power density in data centers [4]. - The report identifies key players in the supply chain, including companies in power supply, cooling, and server manufacturing, that are poised to benefit from the growth of the AI and computing sectors [5].

Core Viewpoint - The company reported a revenue of 910 million yuan in Q1 2025, showing a year-over-year increase of 9.61% and a quarter-over-quarter increase of 7.55%, while the net profit attributable to shareholders was a loss of 122 million yuan, narrowing the loss by 2.43% year-over-year and 56.43% quarter-over-quarter [1] Group 1: Financial Performance - In Q1 2025, the company's revenue from cellular baseband chips grew by over 20% year-over-year, but overall revenue growth was slightly below 10% due to lower revenue from customized chip projects [1][2] - The gross margin for the chip business improved significantly in Q1 2025, with the overall gross margin rising to 26.35%, an increase of 2.56 percentage points year-over-year and 3.96 percentage points quarter-over-quarter [2] - R&D expenses increased to 357 million yuan in Q1 2025, reflecting a year-over-year increase of 12.88% and a quarter-over-quarter increase of 5.93%, with an R&D expense ratio of 39.26% [2] Group 2: Market Outlook - In 2025, the company aims to focus on new directions such as wearables and smartphones, with a robust order book for customized chips [3] - The company is expected to see growth in demand from sectors like vehicle networking, mobile broadband devices, and mobile payments, with new product launches in the wearable market [3] - The company plans to scale up its 5G RedCap products and has a strong pipeline for its smartphone platforms, indicating significant revenue contributions in 2026 [3] Group 3: Investment Recommendations - The target price is set at 115.7 yuan, maintaining a "buy" rating, with revenue forecasts for 2025, 2026, and 2027 at 4.398 billion yuan, 5.602 billion yuan, and 6.723 billion yuan respectively [4] - The company is expected to strengthen its leading position in the cellular IoT market and achieve breakthroughs in the wearable and smartphone SoC markets [4]

Investment Rating - The investment rating for the company is "Buy" and is maintained [8]. Core Views - The company reported a total revenue of 3.386 billion yuan for 2024, representing a year-on-year growth of 30.23%, while the net profit attributable to shareholders was a loss of 0.693 billion yuan, an increase in loss of 0.187 billion yuan compared to the previous year [2]. - In Q1 2025, the company achieved total revenue of 0.910 billion yuan, a year-on-year increase of 9.61% and a quarter-on-quarter increase of 7.55%. The net profit attributable to shareholders was a loss of 0.122 billion yuan, showing a reduction in loss compared to the previous quarter [6]. - The company's gross margin improved to 26.35% in Q1 2025, an increase of 2.62 percentage points year-on-year and 3.96 percentage points quarter-on-quarter, driven by high-end product offerings [11]. - The core business of cellular baseband chips saw revenue growth of over 20% year-on-year in Q1 2025, indicating strong growth resilience [11]. - The company is expected to achieve revenues of 4.410 billion, 6.015 billion, and 7.836 billion yuan for 2025, 2026, and 2027 respectively, with corresponding price-to-sales ratios of 9X, 7X, and 5X [11]. Summary by Sections Financial Performance - For 2024, total revenue was 3.386 billion yuan, with a gross profit of 0.785 billion yuan, resulting in a gross margin of 23% [16]. - In Q1 2025, the company reported a gross margin of 26.35%, with a net profit margin of -13.43% [11]. - The company anticipates a gradual improvement in profitability, with projected net profits of -0.341 billion yuan in 2025 and a turnaround to a profit of 0.297 billion yuan by 2027 [16]. Market Position - The company has established itself as a key supplier for major domestic and international module manufacturers in the IoT cellular baseband chip sector [11]. - The smartphone SoC market is expanding, with the company’s first 4G quad-core smartphone chip exceeding one million units shipped in 2024 [11]. Growth Opportunities - The custom chip business is positioned to benefit significantly from the domestic production wave, with successful integration into the supply chains of major automotive brands [11]. - The company is actively developing new products, including second-generation octa-core smartphone chip platforms and 5G SOC smartphone chips, which are expected to drive future growth [11].

Core Viewpoint - Aojie Technology (688220.SH) is currently facing a decline in stock price, with a drop of 6.64% to 89.48 yuan, indicating a state of being below its initial public offering (IPO) price [1] Financial Performance - In 2024, Aojie Technology reported a revenue of 3.39 billion yuan, representing a year-on-year increase of 30.23% compared to 2.14 billion yuan in 2022 [2][3] - The net profit attributable to shareholders was -693 million yuan in 2024, worsening from -505 million yuan in the previous year [2][3] - The company's net profit excluding non-recurring gains and losses was -707 million yuan in 2024, compared to -658 million yuan in 2023 [2][3] - The net cash flow from operating activities was -404 million yuan in 2024, an improvement from -678 million yuan in 2023 [2][3] IPO and Fundraising - Aojie Technology went public on January 14, 2022, with an IPO price of 164.54 yuan per share, raising a total of 6.883 billion yuan, which was 4.166 billion yuan more than initially planned [1] - The funds raised are intended for projects including new communication chip design and high-precision navigation solutions [1]

Market Overview - The People's Bank of China announced a 0.5 percentage point reduction in the reserve requirement ratio, expected to provide approximately 1 trillion yuan in long-term liquidity to the market [8] - The central bank also lowered the policy interest rate by 0.1 percentage points, with the 7-day reverse repurchase rate decreasing from 1.5% to 1.4% [8] - Major A-share indices opened higher but closed mixed, with the Shanghai Composite Index up 0.8% at 3342 points, Shenzhen Component Index up 0.22%, and ChiNext Index up 0.51% [1][2] Sector Performance Strong Performers - The aerospace and military sector saw significant gains, with stocks like Tongyi Aerospace rising over 25% and Chengxi Aviation hitting the daily limit [4][5] - Agricultural stocks also performed well, with Qiu Le Seed Industry up over 17% and Kangnong Seed Industry up over 10% [6][7] - The brain-computer interface sector showed strength, with stocks like Dineike and Qisheng Technology reaching the daily limit [9][10] Weak Performers - The gaming sector experienced declines, with stocks such as Deyun Network and Xunyou Technology dropping over 3% [11][12] - Semiconductor stocks were weak, with Aojie Technology falling over 6% and Longxun Technology down over 4% [13] Trading Volume - The total trading volume for the day reached 1.51 trillion yuan, an increase of 140.6 billion yuan compared to the previous trading day, with nearly 3300 stocks rising across the market [1]

注：本文系新闻报道，不构成投资建议，股市有风险，投资需谨慎。 （文章来源：证券时报网） | 申万行业 | 行业涨跌（%） | 成交额（亿元） | 比上日（%） | 领涨（跌）股 | 涨跌幅（%） | | --- | --- | --- | --- | --- | --- | | 国防军工 | 5.19 | 487.89 | 122.30 | 通易航天 | 29.96 | | 房地产 | 1.43 | 145.80 | 65.74 | 三湘印象 | 10.14 | | 银行 | 1.23 | 172.90 | 2.52 | 西安银行 | 3.48 | | 石油石化 | 1.03 | 53.51 | 5.62 | 润贝航科 | 10.01 | | 非银金融 | 0.96 | 473.39 | 67.83 | 弘业期货 | 10.02 | | 纺织服饰 | 0.89 | 121.53 | 21.77 | 华纺股份 | 10.17 | | 美容护理 | 0.74 | 48.32 | 5.13 | 登康口腔 | 4.99 | | 建筑装饰 | 0.72 | 142.82 | 5.38 | 山水比德 | 12.78 | ...