Financial Performance - The net profit attributable to the parent company for the fiscal year 2024 is CNY 17.8496 million, with retained earnings of CNY -16.7396 million[6]. - The company plans not to distribute profits or pay cash dividends for the fiscal year 2024, considering the overall profitability and business development needs[6]. - The company has not achieved profitability since its listing[3]. - The company's operating revenue for 2024 reached approximately ¥303.38 million, representing an 8.04% increase compared to ¥280.80 million in 2023[22]. - Net profit attributable to shareholders decreased by 75.37% to ¥17.85 million from ¥72.48 million in the previous year[22]. - Basic earnings per share fell by 76.47% to ¥0.08, while diluted earnings per share also decreased by the same percentage[24]. - The company reported a net profit of 17.85 million yuan for the reporting period, a decrease of 75.37% year-on-year, and a net profit of -4.59 million yuan after deducting non-recurring gains and losses, down 107.18% year-on-year[110]. - The company reported a significant increase in revenue, achieving a total of 1.5 billion yuan for the fiscal year, representing a 25% year-over-year growth[183]. Revenue Growth and Projections - The company reported a significant increase in revenue, achieving a total of 1.2 billion RMB, representing a 25% year-over-year growth[21]. - The company provided a positive outlook for the next quarter, projecting a revenue growth of 20% based on current market trends and product demand[21]. - New product launches are expected to contribute an additional 300 million RMB in revenue over the next fiscal year[21]. - The company provided guidance for the next quarter, expecting revenue to grow by 15% to 1.725 billion yuan[184]. - New product launches are anticipated to contribute an additional 200 million yuan in revenue over the next year[184]. Research and Development - The company is investing in R&D for advanced technologies, allocating 10% of its revenue towards innovation and product development[21]. - Research and development expenses increased by 22.06% year-on-year, amounting to an additional ¥28.03 million compared to the previous year[25]. - The proportion of R&D investment to operating revenue rose to 51.12%, an increase of 5.87 percentage points from 45.25% in 2023[24]. - The company has achieved a total of 45 patents, including 44 domestic and 1 international patent, with no restrictions on rights such as pledges or judicial seizures[75]. - The company is focusing on developing multi-channel T/R RF microsystems, which integrate power management, digital control, and RF chips in a compact form[78]. Market Expansion and Strategy - Market expansion plans include entering two new international markets by Q3 2024, which is anticipated to increase overall market share by 5%[21]. - The company plans to continue expanding its market presence, particularly in satellite communication and satellite internet sectors[24]. - The company is exploring potential mergers and acquisitions to bolster its market position and diversify its product offerings[182]. - The company aims to increase its market share and position within the entire industry chain by expanding its product coverage in the low Earth orbit commercial satellite sector[166]. Operational Efficiency and Cost Management - The company has reported a gross margin of 45%, indicating strong operational efficiency and cost management[21]. - A new marketing strategy has been implemented, focusing on digital channels, which is expected to improve customer engagement by 30%[21]. - The company has implemented cost-cutting measures that are projected to save 50 million yuan annually[184]. Risks and Challenges - There are no significant risks that could materially affect the company's operations during the reporting period[3]. - The company is at risk of losing key R&D personnel, which could impact its ability to innovate and maintain its competitive edge in the technology-intensive integrated circuit design industry[112]. - The company faces operational risks due to the variability of customer orders, which can be influenced by factors such as annual defense budgets and demand timing[114]. - The company anticipates potential tax benefits from its high-tech enterprise status, which could be jeopardized if it fails to meet the criteria for continued qualification[117]. Governance and Compliance - The company has received a standard unqualified audit report from Tianjian Accounting Firm[5]. - The board of directors and supervisory board members have all attended the board meeting, ensuring governance compliance[4]. - The company has not violated decision-making procedures for external guarantees[8]. - The company held 1 annual general meeting and 1 extraordinary general meeting during the reporting period, with all resolutions passed and no rejected proposals[179]. Employee and Talent Management - The total number of employees in the parent company and major subsidiaries is 292, with 92 in the parent company and 200 in subsidiaries[196]. - The company has 163 R&D personnel, indicating a strong focus on innovation and product development[196]. - The company has established a salary management system that emphasizes fairness, competitiveness, and incentive principles to attract and retain talent[198]. - The company provides various training programs to enhance professional knowledge and skills, aiming to improve competitive advantages in the industry[199].

一、主要会计数据和财务指标 | 报告期指标 | 2024年年报 | 2023年年报 | 本年比上年增减(%) | 2022年年报 | | --- | --- | --- | --- | --- | | 基本每股收益（元） | 0.0800 | 0.3400 | -76.47 | 0.7200 | | 每股净资产（元） | 10 | 13.96 | -28.37 | 19.12 | | 每股公积金(元) | 8.15 | 11.71 | -30.4 | 16.74 | | 每股未分配利润(元) | 0.82 | 1.20 | -31.67 | 1.36 | | 每股经营现金流(元) | - | - | - | - | | 营业收入(亿元) | 3.03 | 2.81 | 7.83 | 2.43 | | 净利润(亿元) | 0.18 | 0.72 | -75 | 1.08 | | 净资产收益率(%) | 0.84 | 3.44 | -75.58 | 5.66 | 数据四舍五入，查看更多财务数据>> 二、前10名无限售条件股东持股情况 前十大流通股东累计持有： 3555.52万股，累计占流通股比： 24.65%，较 ...

Investment Rating - The report does not explicitly state an investment rating for the semiconductor industry or the specific company being analyzed [1]. Core Insights - The company is expected to achieve an operating revenue of 304 million yuan in 2024, representing a year-on-year growth of approximately 8.01%, driven by its continued focus on specialized fields and increased investment in satellite communication, particularly in satellite internet markets [19] - The net profit for 2024 is projected to be 18.131 million yuan, a decrease of 74.98% year-on-year, primarily due to increased R&D expenses, impairment losses, and management costs [19] - The company has significantly increased its R&D investment, with over half of its new products being high-value items, and R&D expenses accounting for more than half of its revenue [19] - The company anticipates a recovery in orders related to military applications and expects growth in various project scales across different fields in 2025 [22] Summary by Sections 1. Basic Information - The company being analyzed is Zhenray Technology, operating in the semiconductor industry, with a meeting held on February 26, 2025 [13]. 2. Detailed Research Institutions - Various institutions participated in the research, including Bainian Insurance Asset, Changsheng Fund, Huaxia Fund, Tianzhi Fund, and Guolian Fund among others [14][16]. 3. Research Institution Proportions - The report does not provide specific data on the proportions of research institutions involved [17]. 4. Main Content Information - The company reported a stable growth in revenue due to its strategic focus on specialized fields and new customer acquisition [19] - The company is actively managing its accounts receivable, with a focus on improving collection rates, which are tied to executive compensation [20] - The company has a diverse product application range, particularly in satellite communication, with a significant portion of revenue coming from this sector [22]

证券代码：688270 证券简称：臻镭科技 公告编号：2025-007 浙江臻镭科技股份有限公司 关于股份回购进展公告 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、准确性和完整性承担法律责任。 重要内容提示： | 回购方案首次披露日 | 2024/10/25 | | --- | --- | | 回购方案实施期限 | 待董事会审议通过后 12 个月 | | 预计回购金额 | 万元 2,000 万元~4,000 | | 回购用途 | □减少注册资本 √用于员工持股计划或股权激励 | | | □用于转换公司可转债 | | | □为维护公司价值及股东权益 | | 累计已回购股数 | 股 139,431 | | 累计已回购股数占总股本比例 | 0.0651% | | 累计已回购金额 | 4,499,681 元 | | 实际回购价格区间 | 元/股~33.3 元/股 31.6 | 一、 回购股份的基本情况 2024 年 10 月 24 日，公司召开第二届董事会第九次会议，审议通过了《关于 审议以集中竞价交易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 ...

Financial Performance - The total operating revenue for 2024 was RMB 303,542,431.68, an increase of 8.10% compared to RMB 280,797,521.10 in the previous year[5] - The net profit attributable to the parent company was RMB 18,131,031.55, a decrease of 74.98% from RMB 72,480,364.88 in the previous year[5] - The basic earnings per share decreased by 76.47% to RMB 0.08 from RMB 0.34 in the previous year[5] - The net profit attributable to the parent company, excluding non-recurring gains and losses, was RMB -4,310,332.54, a decrease of 106.74% compared to RMB 63,996,232.46 in the previous year[5] Assets and Equity - The company's total assets at the end of the reporting period were RMB 2,235,402,084.34, a decrease of 0.44% from RMB 2,245,228,030.57 at the beginning of the period[6] - The company's equity attributable to the parent company increased by 0.35% to RMB 2,141,715,463.12 from RMB 2,134,310,881.17 at the beginning of the period[6] Research and Development - The company increased its R&D investment significantly, resulting in the development and iteration of dozens of new products during the reporting period[8] - The company acquired a headquarters R&D base to enhance production efficiency and improve the success rate of pre-research projects[9] Capital Management - The company implemented a capital reserve conversion plan, increasing its share capital by 40.00% during the reporting period[9] Credit and Sales - The company faced increased credit impairment losses due to slow sales collection from downstream customers[8]

证券代码：688270 证券简称：臻镭科技 公告编号：2025-005 浙江臻镭科技股份有限公司 关于股份回购进展公告 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、准确性和完整性承担法律责任。 重要内容提示： | 回购方案首次披露日 | 2024/10/25 | | --- | --- | | 回购方案实施期限 | 待董事会审议通过后 12 个月 | | 预计回购金额 | 万元 2,000 万元~4,000 | | 回购用途 | □减少注册资本 √用于员工持股计划或股权激励 | | | □用于转换公司可转债 | | | □为维护公司价值及股东权益 | | 累计已回购股数 | 股 139,431 | | 累计已回购股数占总股本比例 | 0.0651% | | 累计已回购金额 | 4,499,681 元 | | 实际回购价格区间 | 元/股~33.3 元/股 31.6 | 一、 回购股份的基本情况 2024 年 10 月 24 日，公司召开第二届董事会第九次会议，审议通过了《关于 审议以集中竞价交易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 ...

Financial Projections - The company expects 2024 annual revenue to be between 290 million and 310 million CNY, an increase of 9.2 million to 29.2 million CNY compared to the previous year, representing a growth of 3.28% to 10.40%[4] - The projected net profit attributable to the parent company for 2024 is between 14.49 million and 19.49 million CNY, a decrease of 52.99 million to 57.99 million CNY compared to the previous year, reflecting a decline of 73.12% to 80.01%[4] - The expected net profit attributable to the parent company after deducting non-recurring gains and losses for 2024 is between -6.85 million and -1.85 million CNY, a decrease of 65.84 million to 70.84 million CNY compared to the previous year, indicating a decline of 102.89% to 110.70%[4] Research and Development - The company has increased its R&D investment significantly to maintain its leading position in specialized industries, particularly in low-orbit commercial satellites and next-generation digital array radar[8] - The company has faced short-term pressure on net profit due to increased R&D expenses and slow sales collection from downstream customers[8] Market Participation and Product Development - The company has actively participated in the domestic satellite internet market, leading to an increase in product shipment volume and sales revenue[7] - The company has developed and launched several new products, with some already entering customer preferred catalogs[7] Financial Management and Support - The company has received increased government subsidies and gains from financial asset disposals compared to the previous year[9] - The company has made provisions for inventory impairment based on market conditions and operational management considerations[8] - The company emphasizes the importance of stable and secure supply chains to support sales growth and product delivery rates[7]

● 回购股份金额：回购资金不低于人民币 2,000 万元，不超过人民币 4,000 万 元（含）。 证券代码：688270 证券简称：臻镭科技 公告编号：2025-003 浙江臻镭科技股份有限公司 关于以集中竞价交易方式回购股份的回购报告书 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： ● 回购股份资金来源：公司自有资金。 ● 回购股份用途：本次回购股份将全部用于实施员工持股计划或者股权激励； 若公司未能在股份回购实施结果暨股份变动公告日后三年内转让完毕，尚未转让 的已回购股份将予以注销。如国家对相关政策作出调整，则按调整后的政策实行。 ● 回购股份价格：不超过人民币 38.13 元/股（含），该价格不高于董事会审 议通过回购股份决议前 30 个交易日公司股票交易均价的 150%。 ● 回购股份方式：集中竞价交易方式。 ● 回购股份期限：自公司董事会审议通过本次回购方案之日起不超过12个月。 ● 相关股东是否存在减持计划：公司董监高、控股股东、实际控制人及一致 行动人、回购股份提议人暂无关于未来 3 个月 ...

证券代码：688270 证券简称：臻镭科技 公告编号：2025-002 浙江臻镭科技股份有限公司 关于以集中竞价交易方式首次回购公司股份的公告 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、准确性和完整性承担法律责任。 重要内容提示： | 回购方案首次披露日 | 2024/10/25 | | --- | --- | | 回购方案实施期限 | 待董事会审议通过后 个月 12 | | 预计回购金额 | 万元~4,000 万元 2,000 | | 回购用途 | □减少注册资本 √用于员工持股计划或股权激励 | | | □用于转换公司可转债 | | | □为维护公司价值及股东权益 | | 累计已回购股数 | 股 89,431 | | 累计已回购股数占总股本比例 | 0.0418% | | 累计已回购金额 | 元 2,834,681 | | 实际回购价格区间 | 元/股~31.8 元/股 31.6 | 一、 回购股份的基本情况 2024 年 10 月 24 日，公司召开第二届董事会第九次会议，审议通过了《关于 审议以集中竞价交易方式回购公司股份方案的议案》，同意公 ...

Investment Rating - The investment rating for the company is "Buy" [8] Core Insights - The domestic low-orbit satellite constellation is entering a new phase of mass networking, with significant developments in both the national and international markets [3] - The company is deeply involved in the construction of domestic low-orbit constellations and is increasing its product support efforts [4] - The company is one of the few in China that can provide comprehensive solutions and technical services in the special industry sector, particularly for low-orbit satellite applications [5] Summary by Sections Low-Orbit Satellite Development - The national satellite constellation, with a total planned deployment of 13,000 satellites, has begun mass launches, with a goal to complete all launches by 2035 [3] - The Qianfan constellation plans to deploy over 15,000 satellites and has already launched 54 satellites, aiming for a total of 108 launches this year [3] Company Performance - In the first three quarters of 2024, the company reported revenue of 182 million yuan, a year-on-year increase of 7.01%, while net profit attributable to shareholders was 14.46 million yuan, a decrease of 63.79% [4] - The company has expanded its product matrix in power management chips and micro-systems, targeting the low-cost commercial satellite market [4] Financial Forecast - The company is expected to achieve net profits of 58 million yuan, 162 million yuan, and 265 million yuan for the years 2024, 2025, and 2026 respectively, with a projected PE ratio of 115x in 2025 [5]