AB HAR 中科蓝讯 (688332) 2025年第一季度业绩说明会 形式:网络文字互动 会议时间 2025年5月12日 (周一) 15:00-16:00 出席嘉宾 识别小程序码 黄志强 董事长 刘助展 董事兼总经理 张任兵 副总经理兼董事会秘书 李 斌 财务总监 张潇颖 独立董事 证券代码：688332 证券简称：中科蓝讯 公告编号：2025-017 深圳市中科蓝讯科技股份有限公司 关于召开 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、准确性和完整性承担法律责任。 重要内容提示： 会 议 问 题 征 集 ： 投 资 者 可 于 2025 年 5 月 12 日 前 访 问 网 址 https://eseb.cn/1nOCDmLu6Vq 或使用微信扫描下方小程序码进行会前提问，公司 将通过本次业绩说明会，在信息披露允许范围内就投资者普遍关注的问题进行回 答。 一、说明会类型 深圳市中科蓝讯科技股份有限公司（以下简称"公司"）已于 2025 年 4 月 30 日在上海证券交易所网站（www.sse.com.cn）披露 ...

Financial Performance - The company's operating revenue for Q1 2025 was CNY 367.30 million, a 1.20% increase compared to CNY 362.94 million in the same period last year[8]. - Net profit attributable to shareholders decreased by 18.21% to CNY 44.89 million from CNY 54.89 million year-on-year[8]. - Total operating revenue for Q1 2025 was CNY 367,302,485.85, a slight increase from CNY 362,943,937.70 in Q1 2024, representing a growth of approximately 0.99%[30]. - Net profit for Q1 2025 was CNY 44,790,585.69, down from CNY 54,860,753.26 in Q1 2024, reflecting a decrease of approximately 18.38%[31]. - The company’s total comprehensive income for Q1 2025 was CNY 44,790,585.69, compared to CNY 54,860,753.26 in Q1 2024, indicating a decline of approximately 18.38%[32]. - Basic and diluted earnings per share for Q1 2025 were both CNY 0.37, compared to CNY 0.46 in Q1 2024, showing a decline of about 19.57%[32]. Research and Development - R&D investment totaled CNY 45.77 million, representing a 53.59% increase from CNY 29.80 million in the previous year, accounting for 12.46% of operating revenue[8]. - Research and development expenses increased significantly to CNY 45,773,489.73 in Q1 2025 from CNY 29,801,566.22 in Q1 2024, marking a rise of approximately 53.54%[30]. - The company launched several new chip series, including the BT897X and BT891X, which feature advanced audio capabilities and low power consumption, enhancing market competitiveness[10]. - The company plans to expand its product lines from eight to ten, including new categories such as AIoT chips and video chips, to enhance market presence[11]. Cash Flow and Investments - The net cash flow from operating activities was negative CNY 115.68 million, a significant decrease of 1,186.25% compared to a positive CNY 10.65 million in the same period last year[8][16]. - Cash inflow from investment activities in Q1 2025 was $1.01 billion, compared to $83.34 million in Q1 2024, indicating a substantial increase[37]. - The total cash and cash equivalents at the end of Q1 2025 amounted to $157.21 million, a decrease from $1.20 billion at the end of Q1 2024[37]. - Total cash outflow from investment activities in Q1 2025 was $1.04 billion, compared to $528.85 million in Q1 2024, reflecting increased investment expenditures[37]. - The cash flow from operating activities was impacted by a total cash outflow of $517.22 million in Q1 2025, compared to $398.22 million in Q1 2024[36]. Assets and Liabilities - Total assets increased by 1.99% to CNY 4.63 billion from CNY 4.54 billion at the end of the previous year[10]. - Total current assets as of March 31, 2025, amount to ¥4,149,380,196.01, a decrease from ¥4,223,067,522.18 as of December 31, 2024[24]. - Total liabilities as of the reporting date were CNY 579,640,630.96, compared to CNY 535,765,470.73 in the previous period, an increase of about 8.19%[27]. - Total equity increased to CNY 4,049,471,813.55 from CNY 4,002,827,348.04, reflecting a growth of approximately 1.16%[27]. - The company has a long-term equity investment of ¥50,500,000.00, unchanged from the previous period[25]. Shareholder Information - Total number of common shareholders at the end of the reporting period is 14,987[18]. - The largest shareholder, Huang Zhiqiang, holds 31,643,214 shares, accounting for 26.30% of total shares[18]. - Zhuhai Zhongke Lanyun Technology Partnership holds 15,068,197 shares, representing 12.52% of total shares[18].

Group 1 - The core point of the article is that Zhongke Lanyun reported its Q1 2025 revenue and net profit figures, showing a slight revenue increase but a significant decline in net profit [1] Group 2 - The revenue for Q1 2025 was 367 million yuan, representing a year-on-year growth of 1.20% [1] - The net profit for the same period was 44.89 million yuan, which reflects a year-on-year decrease of 18.21% [1]

中国国际金融股份有限公司关于 深圳市中科蓝讯科技股份有限公司 2024 年度持续督导跟踪报告 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 （2024 年 4 月修订）》《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（2023 年 12 月修订）》等有关法律、法规的规定，中国国际金融股份有限公司 （以下简称"中金公司"或"保荐机构"）作为深圳市中科蓝讯科技股份有限公司（以 下简称"中科蓝讯"或"公司"）持续督导工作的保荐机构，负责中科蓝讯上市后的持 续督导工作，并出具本持续督导跟踪报告。 一、持续督导工作情况 | 序号 | 工作内容 | 持续督导情况 | | --- | --- | --- | | 1 | 建立健全并有效执行持续督导工作制度，并针对具 | 保荐机构已建立并有效执行了持续督导 | | | 体的持续督导工作制定相应的工作计划 | 制度，并制定了相应的工作计划 | | | 根据中国证监会相关规定，在持续督导工作开始 前，与上市公司或相关当事人签署持续督导协议， | 保荐机构已与中科蓝讯签订《保荐协议》， | | 2 | 明确双方在持续督导期间的权利义务， ...

Group 1: Zhongjian Technology - The management emphasizes high-quality and sustainable development, aligning with national strategies and the real economy [1] - Over 90% of overseas sales are from the European region, with limited and controllable impact from U.S. tariff policy adjustments [1] - The "mowing robot" developed by subsidiary Shanghai Gaike has received small batch orders, showcasing its advanced features [1] - A subsidiary in Thailand is set up in 2024, and the construction of the smart manufacturing center is progressing steadily [1] Group 2: Zhongke Lanyun - The product line has expanded to include ten categories, such as Bluetooth headset chips and Bluetooth speaker chips [2] - The non-net profit for 2024 is expected to grow by 40.44% year-on-year, driven by a rich product variety and increased sales volume [2] - In 2025, the company plans to develop audio chips for smart speakers, smartwatches, and R/VR devices, along with launching Wi-Fi and video product lines [2] - Collaborations with ByteDance's Volcano Engine have led to solutions compatible with the Doubao large model [2] Group 3: Kede CNC - The company has minimal exposure to U.S. tariffs as its core technology and components are not sourced from the U.S. [3] - Focus on independent R&D of key components has led to the successful development of five-axis CNC systems and servo drives [3] - Orders are driven by both repurchases of old models and the expansion of new products, with a 13% increase in traditional five-axis vertical machining center orders [3] Group 4: Xujie Electric - In 2024, the company achieved revenue of 17.089 billion yuan and a net profit of 1.117 billion yuan, marking an 11.09% year-on-year increase [4] - The revenue structure has been optimized, with a decline in low-margin new energy and system integration segments, while high-margin DC transmission revenue has grown [4] - The company has secured multiple State Grid DC transmission projects and increased orders in the Southern Grid market [4] - R&D investment reached 880 million yuan, focusing on key technologies like offshore wind power DC transmission systems [4]

Core Viewpoint - Dan Yi Investment has conducted research on Zhongke Lanyun, revealing significant growth in product lines and projected profit increases for 2024 and 2025 [1] Company Summary - Zhongke Lanyun has expanded its product line to include ten categories, such as Bluetooth headset chips and Bluetooth speaker chips [1] - The company expects a 40.44% year-on-year increase in net profit excluding non-recurring items for 2024, driven by a diverse product range, increased shipment volume, and revenue growth, despite a reduction in government subsidies [1] - In 2025, Zhongke Lanyun plans to develop audio chips suitable for smart speakers, smartwatches, and R/VR devices, in addition to launching Wi-Fi and video product lines [1] - The company has partnered with ByteDance's Volcano Engine to offer hardware and software solutions compatible with the Doubao large model [1] - Products have been integrated into the supply chains of brands such as Xiaomi, realme, and Baidu, with the Xunlong third-generation chip already applied in FIIL GS Links I headphones [1] - All products support Bluetooth 6.0 standards and have been certified by the Bluetooth Special Interest Group [1] - Revenue from smart wearable products has seen significant growth, particularly from the B568x and B569x series [1] - Zhongke Lanyun is actively exploring external acquisitions to absorb companies or teams with technological and research capabilities [1]

中科蓝讯 20250409 摘要 Q&A 中科蓝讯 2024 年度的整体财务情况如何？ 2024 年，中科蓝讯实现营业收入 18.19 亿元，同比增长 25.72%；净利润达到 3 亿元，同比增长 19.23%。毛利率为 22.92%，与去年的 22.56%基本持平，略有 上升。净利率为 16.5%，较去年的 17%略有下降，但仍保持在较高水平。扣非净 利润为 2.44 亿元，同比增长 40.44%。销售费用同比增长 46.9%，主要由于客户 突破和迅龙系列产品销量增加；管理费用同比仅增长 12.46%；研发费用与去年 • 中科蓝讯 2024 年营收同比增长 32.47%，净利润略有上升，净利率为 16.5%。 扣非净利润同比增长 40.44%，销售费用增长主要由于客户突破和迅龙系列 产品销量增加。四季度营收和净利润环比增长显著，分别增长 24.95%和 29.57%。 • 蓝牙耳机仍是主要收入来源，占比 59%，增速接近 25%。智能穿戴、无线麦 克风、玩具语音和 AIoT 等新兴品类增速亮眼，均超过 100%，其中玩具语 音类同比增速接近 300%。 • 迅龙二代和三代营收占比全年 14%，同比增速 16 ...

| | 和 | | | | | | | --- | --- | --- | --- | --- | --- | --- | | 601228 | 广州港 | 0.1280 | 96443.07 | -10.63 | 1407293.13 | 6.66 | | 301488 | 豪恩汽 | 1.1000 | 10091.18 | -11.15 | 140893.71 | 17.25 | | | 电 | | | | | | | 001324 | 长青科 | 0.4361 | 6018.00 | -16.41 | 46042.71 | -13.16 | | | 技 | | | | | | | 002535 | 林州重 | 0.1189 | 9534.40 | -18.47 | 168353.14 | -8.38 | | | 机 | | | | | | | 002075 | 沙钢股 | 0.0700 | 16258.29 | -27.75 | 1441626.09 | -7.69 | | | 份 | | | | | | | 002860 | 星帅尔 | 0.4700 | 14369.40 | -29.03 | 207 ...

2025年4月9日，中科蓝讯(688332.SH)发布2024年年度报告。截至2025年4月08日，共有227个机构投资 者披露持有中科蓝讯A股股份，合计持股量达5634.67万股，占中科蓝讯总股本的46.84%。其中，前十 大机构投资者包括珠海市中科蓝讯管理咨询合伙企业(有限合伙)、珠海市中科蓝讯科技合伙企业(有限合 伙)、深圳市创元世纪投资合伙企业(有限合伙)、珠海市中科蓝讯信息技术合伙企业(有限合伙)、中国建 设银行股份有限公司-信澳先进智造股票型证券投资基金、香港中央结算有限公司、中国建设银行股份 有限公司-信澳领先增长混合型证券投资基金、中国人寿保险股份有限公司-分红-个人分红-005L-FH002 沪、招商银行股份有限公司-南方中证1000交易型开放式指数证券投资基金、诺安积极回报混合A，前 十大机构投资者合计持股比例达40.03%。相较于上一季度，前十大机构持股比例合计下跌了3.32个百分 点。 公募基金方面本期较上一季度持股减少的公募基金共计5个，包括信澳先进智造股票型、易方达战略新 兴产业股票A、信澳领先增长混合A、兴银收益增强A、东兴连众一年持有期混合A，持股减少占比达 2.31%。本期较 ...

二、募集资金投资项目的基本情况 中国国际金融股份有限公司 关于深圳市中科蓝讯科技股份有限公司 使用暂时闲置募集资金进行现金管理事项的核查意见 中国国际金融股份有限公司（以下简称"中金公司"或"保荐机构"）作为深圳市 中科蓝讯科技股份有限公司（以下简称"中科蓝讯"或"公司"）首次公开发行股票并 在科创板上市的保荐机构，根据《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（2024 年 4 月修订）》等有关规定，对中科蓝 讯本次使用暂时闲置募集资金进行现金管理的事项进行了审慎核查，具体情况如下： 一、募集资金基本情况 根据中国证券监督管理委员会出具的《关于同意深圳市中科蓝讯科技股份有限公司 首次公开发行股票注册的批复》（证监许可〔2022〕848号），公司首次向社会公开发行 人民币普通股3,000万股，每股发行价格为人民币91.66元，募集资金总额为274,980.00 万元；扣除承销及保荐费用、发行上市手续费用以及其他发行费用共计16,057.24万元后， 募集资金净额为258,922.76万元。上述募集资金已全部到位，经天健会计师事务所（特 殊普通合伙）审验并于2022年7 ...