证券代码：688234 证券简称：天岳先进 山东天岳先进科技股份有限公司 2024 年限制性股票激励计划 （草案） 山东天岳先进科技股份有限公司 2024 年 4 月 声 明 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。 本公司所有激励对象承诺，公司因信息披露文件中有虚假记载、误导性陈述 或者重大遗漏，导致不符合授予权益或权益归属安排的，激励对象应当自相关信 息披露文件被确认存在虚假记载、误导性陈述或者重大遗漏后，将由本激励计划 所获得的全部利益返还公司。 1 特别提示 一、本激励计划系依据《中华人民共和国公司法》《中华人民共和国证券法》、 《上海证券交易所科创板股票上市规则》《上市公司股权激励管理办法》《科创 板上市公司自律监管指南第 4 号——股权激励信息披露》等其他有关法律、法规、 规范性文件，以及《山东天岳先进科技股份有限公司章程》制订。 二、本激励计划采取的激励工具为限制性股票（第二类限制性股票）。股票 来源为山东天岳先进科技股份有限公司（以下简称"公司"或"本公司"）二级 市场回购及/或向激励对象定向增发的公 ...

山东天岳先进科技股份有限公司监事会 综上所述，我们一致同意公司实行 2024 年限制性股票激励计划。 《上市规则》规定的激励对象条件，符合公司《激励计划（草案）》规定的激 励对象范围，其作为公司限制性股票激励计划激励对象的主体资格合法、有效。 公司将在召开股东大会前，通过公司网站或其他途径，在公司内部公示激励对 象的姓名和职务，公示期不少于 10 天。监事会将于股东大会审议股权激励计划 前 5 日披露对激励对象名单的审核意见及其公示情况的说明。 3、公司《激励计划（草案）》的制定、审议流程和内容符合《公司法》、 《证券法》、《管理办法》、《上市规则》等有关法律、法规及规范性文件的 规定；对各激励对象限制性股票的授予安排、归属安排（包括授予数量、授予 日、授予价格、任职期限要求、归属条件等事项）未违反有关法律、法规的规 定，未侵犯公司及全体股东的利益。 4、公司不存在向激励对象提供贷款、贷款担保或任何其他财务资助的计划 或安排。 5、公司实施股权激励计划可以健全公司的激励机制，完善激励与约束相结 合的分配机制，使经营者和股东形成利益共同体，提高管理效率与水平，有利 于公司的可持续发展，且不存在明显损害上市公司及 ...

山东天岳先进科技股份有限公司 关于独立董事公开征集委托投票权的公告 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。 证券代码：688234 证券简称：天岳先进 公告编号：2024-039 重要内容提示： 1、征集投票权的起止时间：2023 年 5 月 15 日（上午 09：30—12：00，下午 14：00—17：00） 2、征集人对所有表决事项的表决意见：同意 3、征集人未持有公司股票 根据中国证券监督管理委员会（以下简称"中国证监会"）颁布的《上市公司 股权激励管理办法》（以下简称"《管理办法》"）的有关规定，并按照山东天岳先 进科技股份有限公司（以下简称"公司"）其他独立董事的委托，独立董事刘华 作为征集人，就公司拟于 2024 年 5 月 17 日召开的 2023 年年度股东大会审议的 股权激励相关议案向公司全体股东征集投票权。 一、征集人声明 本人刘华作为征集人，按照《管理办法》的有关规定及其他独立董事的委托， 就公司 2023 年年度股东大会中的股权激励计划相关提案公开征集股东委托投票 权而制作并签署本公告。本 ...

山东天岳先进科技股份有限公司 关于召开 2023 年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： 1、会议召开时间：2024 年 4 月 30 日（星期二）下午 15:00-16:00 证券代码：688234 证券简称：天岳先进 公告编号：2024-035 本次业绩说明会以网络互动形式召开，公司将针对 2023 年度经营成果及财 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进行回答。 二、说明会召开的时间、地点 （一）会议召开时间：2024 年 4 月 30 日（星期二）下午 15:00-16:00 （二）会议召开地点： 上 海 证 券 交 易 所 上 证 路 演 中 心 （ 网 址 ： http://roadshow.sseinfo.com/） （三）会议召开方式：上证路演中心网络互动 三、参加人员 2 、 会 议 召 开 地 点 ： 上 海 证 券 交 易 所 上 证 路 演 中 心 （ 网 址 ： http://roadshow.ss ...

国泰君安证券股份有限公司、海通证券股份有限公司 关于山东天岳先进科技股份有限公司 2023 年度持续督导年度跟踪报告 | 保荐机构名称：国泰君安证券股份有限公司 | 被保荐公司简称：天岳先进 | | --- | --- | | 保荐代表人姓名：王晓洁、蒋勇 | | | 保荐机构名称：海通证券股份有限公司 | 被保荐公司代码：688234.SH | | 保荐代表人姓名：邬凯丞、邬岳阳 | | 重大事项提示 | 项 目 | 工作内容 | | --- | --- | | 现场核查。公司未及时披露的，保荐机构应当 | | | 及时向上海证券交易所报告。 | | | 19、识别并督促上市公司披露对公司持续经 | 本持续督导期间，上市公司及相关主体未出 | | 营能力、核心竞争力或者控制权稳定有重大 | 现该等事项。 | | 不利影响的风险或者负面事项，并发表意见 | | | 20、关注上市公司股票交易异常波动情况，督 | 本持续督导期间，上市公司及相关主体未出 | | 促上市公司按照本规则规定履行核查、信息 | 现该等事项。 | | 披露等义务 | | | 21、对上市公司存在的可能严重影响公司或 | 本持续督导期间， ...

Investment Rating - The investment rating for the company is "Buy" (maintained) [1] Core Views - The company achieved significant revenue growth in 2023, with total revenue reaching 1.25 billion yuan, a year-on-year increase of 199.90%. The net profit attributable to shareholders was -45.72 million yuan, improving by 73.98% year-on-year [2][3] - The company has successfully expanded its overseas market presence, ranking among the top three global suppliers of conductive silicon carbide substrates, with sales volume reaching 226,000 pieces, a 255% increase year-on-year [3] - The company is positioned as a leading domestic substrate manufacturer, benefiting from the growing demand for silicon carbide in the new energy sector [3] Financial Performance Summary - In 2023, the company reported total revenue of 1.25 billion yuan, with a year-on-year growth of 199.90%. The net profit attributable to shareholders was -45.72 million yuan, reflecting a year-on-year improvement of 73.98% [2] - For Q4 2023, the company achieved revenue of 430 million yuan, a year-on-year increase of 189%, and a net profit of 20 million yuan, up 139% year-on-year [2] - The gross margin for Q4 2023 was 17.8%, with a net profit margin of 5.3%, indicating a stable profitability trend [2] Market Position and Expansion - The company has successfully established a production capacity of 300,000 conductive silicon carbide substrates annually at its Shanghai Lingang facility, contributing to its revenue growth [3] - The company has secured long-term cooperation agreements with major global semiconductor manufacturers, including Infineon and Bosch, enhancing its market position [3] - The company is the second globally to announce the mass supply of 8-inch conductive silicon carbide substrates, following Wolfspeed [3] Earnings Forecast and Valuation - The earnings forecast for 2024-2026 has been adjusted, with projected revenues of 2.27 billion yuan, 3.45 billion yuan, and 5.10 billion yuan respectively [3] - The current market capitalization corresponds to price-to-sales ratios of 8.9, 5.9, and 4.0 for 2024, 2025, and 2026 respectively, indicating a favorable outlook for the company's growth in the silicon carbide market [3]

Investment Rating - The report maintains a "Recommendation" rating for the company [2][6] Core Viewpoints - The company achieved a revenue of 1.251 billion yuan in 2023, representing a year-on-year growth of 199.90%, while narrowing its net loss to 45.72 million yuan [4][9] - The company has become the second largest player in the global conductive silicon carbide substrate market, with a production of 262,000 pieces in 2023, up 268.25% year-on-year [4][6] - The company signed long-term supply agreements with major international clients such as Infineon and Bosch, enhancing its market position [6][4] Financial Performance Summary - Revenue for 2023 was 1.251 billion yuan, with a projected revenue of 2.353 billion yuan for 2024, 3.674 billion yuan for 2025, and 5.084 billion yuan for 2026 [5][9] - The gross margin for 2023 was 15.81%, an increase of 21.56 percentage points year-on-year, while the net margin was -3.66%, improving by 38.36 percentage points year-on-year [4][11] - The company expects to achieve profitability in 2024 with a net profit forecast of 131 million yuan [9][11] Production and Capacity Summary - The Shanghai Lingang factory commenced product delivery in mid-2023, achieving rapid capacity ramp-up ahead of schedule [4][6] - The company plans to continue expanding its production capacity, with a target of 300,000 pieces by 2026 [4][6] Market Position and Outlook - The demand for silicon carbide substrates is expected to grow significantly due to the increasing needs in the electric vehicle and renewable energy sectors [6][4] - The company is well-positioned as one of the earliest players in both semi-insulating and conductive silicon carbide substrates, indicating a strong competitive advantage [6][4]

标题：关于山东天岳先进科技股份有限公司的监管工作函 证券代码：688234 证券简称：天岳先进 监管类型：监管工作函 涉及对象：上市公司,中介机构及其相关人员 处分日期：2024-04-12 处理事由：关于山东天岳先进科技股份有限公司相关事项的监管工作函 ...

国泰君安证券股份有限公司、海通证券股份有限公司 关于山东天岳先进科技股份有限公司 2023 年度持续督导现场检查报告 (一)保荐机构 国泰君安证券股份有限公司、海通证券股份有限公司 (二)保荐代表人 国泰君安证券股份有限公司:王晓洁、蒋勇 海通证券股份有限公司:邬凯丞、邬岳阳 上海证券交易所: 经中国证券监督管理委员会《关于同意山东天岳先进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(2021)3935号)批复,山东天岳先进 科技股份有限公司(以下简称"天岳先进"、"上市公司"、"公司")首次公开发 行股票 42,971,105 股,每股面值人民币 1元,每股发行价格人民币 82.79元,募 集资金总额为人民币 355,757.78 万元,扣除发行费用后,实际募集资金净额为人 民币 320,347.13 万元。本次发行证券已于 2022年1月 12 日在上海证券交易所上 市。国泰君安证券股份有限公司、海通证券股份有限公司(以下简称"保荐机构") 担任其持续督导保荐机构,持续督导期间为 2022年 1 月 12 日至 2025 年 12 月 31日。 根据《证券发行上市保荐业务管理办法》、《上海证券 ...

Financial Performance - The company reported a profit distribution plan for 2023, which includes no cash dividends, no capital reserve transfer to share capital, and no bonus shares [4]. - The company has not achieved profitability since its listing, indicating ongoing financial challenges [2]. - The company reported significant growth in revenue, achieving a total of 1.2 billion RMB, representing a 25% increase year-over-year [12]. - The company achieved total operating revenue of CNY 1,250,695,717.95 in 2023, a 199.90% increase compared to the previous year [18]. - The net profit attributable to shareholders of the listed company was a loss of CNY 45,720,451.65, an improvement from a loss of CNY 175,681,853.81 in 2022 [18]. - The basic and diluted earnings per share were both -CNY 0.11, compared to -CNY 0.41 in the previous year, indicating a narrowing loss [19]. - The company reported a comprehensive gross margin of 15.81% for 2023, influenced by production capacity adjustments and market competition [80]. - The company has a cumulative undistributed profit of -297.58 million yuan as of December 31, 2023, indicating a risk of unremedied losses [79]. Audit and Compliance - A standard unqualified audit report was issued by Lixin Certified Public Accountants, ensuring the accuracy of the financial statements [3]. - The financial report is signed and sealed by the responsible persons, ensuring its authenticity and completeness [6]. - There are no violations of decision-making procedures regarding external guarantees [4]. - The company has not engaged in any non-operational fund occupation by controlling shareholders or related parties [4]. - The company has not disclosed any special arrangements for corporate governance [4]. - The company has implemented a comprehensive information disclosure management system to enhance transparency [188]. - The company has no reported penalties from securities regulatory agencies in the past three years [139]. Operational Strategy and Growth - The company projects a revenue growth of 20% for the next fiscal year, targeting 1.44 billion RMB [12]. - The company plans to acquire a smaller competitor to enhance its product portfolio and market reach, with an estimated cost of 200 million RMB [12]. - Future strategies include diversifying product lines and enhancing supply chain resilience to mitigate risks [12]. - The company is expanding its market presence in Europe, aiming for a 10% market share by 2025 [12]. - The company is actively expanding its overseas market presence, establishing a research and sales center in Japan [31]. - The company aims to become a globally recognized semiconductor materials company, focusing on enhancing technology and product quality to lead industry advancements [116]. Research and Development - Research and development investments increased by 40%, focusing on next-generation semiconductor technologies [12]. - The company’s R&D expenses for 2023 amounted to 137.21 million RMB, focusing on forward-looking technologies and key core areas [28]. - The company has established a strong research and development platform for silicon carbide semiconductor materials, enhancing regional economic innovation and competitiveness [67]. - The company has successfully developed high-quality 8-inch silicon carbide products, leading to batch sales and a competitive edge in the market [40]. - The company has mastered core technologies across various processes, including crystal growth and substrate processing, positioning itself as a leader in the silicon carbide industry [42]. Market and Customer Relations - User data indicates a 30% increase in active users, reaching 500,000 by the end of the fiscal year [12]. - The company has established long-term cooperation agreements with over 50% of the world's top ten power semiconductor companies, enhancing its market presence [28]. - The company’s products are widely used in 5G communication, new energy vehicles, and energy storage, indicating a strong market demand [33]. - The company’s top five customers accounted for 51.16% of total sales in 2023, indicating a high customer concentration risk [75]. Environmental and Social Responsibility - The company has been recognized as a "Leader in Carbon Peak Enterprises" by the China Industrial Economic Federation, highlighting its commitment to sustainability [30]. - The company invested 2.1699 million yuan in environmental protection during the reporting period [172]. - The company has established a complete pollution treatment system to ensure that all pollutant emissions meet standards [171]. - The company emphasizes the importance of ESG practices and has established a governance structure to enhance decision-making and transparency [166]. Governance and Management - The company has a stable board of directors with no changes in shareholding for the year [127]. - The company has appointed new senior management and representatives for securities affairs and audit department following the board's re-election [132]. - The company has implemented a performance evaluation mechanism for senior management, linking compensation to strategic goals and individual performance metrics [161]. - The company has established a special account for raised funds and signed a five-party supervision agreement [140]. Future Outlook - The company aims to maintain its strategic direction and explore potential mergers and acquisitions [129]. - The company will continue to strengthen long-term strategic partnerships with leading customers in the industry to expand its business scale [118]. - The company is focused on sustainable development and enhancing the motivation of its management team through competitive remuneration packages [137]. - The company has a clear performance guidance for the upcoming fiscal year, aiming for sustainable growth [128].