中科蓝讯公告，2024年营业收入18.19亿元，同比增长25.72%。归属于上市公司股东的净利润3亿元，同 比增长19.23%。拟向全体股东每10股派发现金红利人民币10元(含税)。 ...

Investment Rating - The report assigns an "Accumulate" rating to the company, indicating a positive outlook for future performance [2][68]. Core Insights - The company is positioned to benefit from the growing demand for TWS (True Wireless Stereo) products, particularly in low-penetration markets like India and Africa, which presents significant growth opportunities [17][66]. - The integration of AI capabilities in the company's products is expected to enhance the average selling price (ASP) and overall product value [23][68]. - The company's competitive pricing strategy, particularly in the TWS segment, is likely to capture a larger market share as the industry shifts towards cost-effective solutions [34][66]. Summary by Sections Section 1: TWS Opportunities and Diversified Layout - The company was established shortly after the launch of the first TWS earphones and has developed a robust product architecture with eight main product lines, including Bluetooth audio chips and AIoT chips [6][8]. - Revenue primarily comes from TWS and white-label products, with Bluetooth earphone chips accounting for 59.61% of revenue [12]. Section 2: Growth Potential in India and Africa - India's TWS market is expected to grow significantly, with 2023 sales reaching approximately 54.11 million units, still below China's peak sales [21]. - Africa's low smartphone penetration (45%) presents a substantial opportunity for TWS growth as users transition from feature phones to smartphones [22]. Section 3: AI Implementation Driving ASP Increase - The company has integrated AI functionalities into its products, enhancing their appeal and allowing for higher pricing [28]. - The collaboration with Volcano Engine has enabled the company to offer advanced AI features in its products, such as real-time translation and meeting summaries [31]. Section 4: Competitive Pricing Strategy - The company's TWS chips are priced significantly lower than the industry average, providing a strong value proposition [34]. - The adoption of the RISC-V instruction set architecture has allowed the company to maintain a cost advantage while enhancing product performance [36]. Section 5: Financial Performance and Confidence in Growth - The company has experienced rapid revenue and profit growth, with a projected recovery in 2023 following a downturn in 2022 due to external factors [43]. - The gross margin is improving as new products are launched, and the company has implemented a stock incentive plan to motivate key personnel [47][56]. Section 6: Profit Forecast and Valuation - The company is expected to achieve revenues of 18.30 billion, 23.90 billion, and 31.10 billion from 2024 to 2026, with corresponding net profits of 2.86 billion, 3.64 billion, and 4.54 billion [60]. - The report highlights the company's potential for significant growth in the TWS market, particularly in India and Africa, and the positive impact of AI on product pricing [68].

证券代码：688332 证券简称：中科蓝讯 公告编号：2025-004 深圳市中科蓝讯科技股份有限公司 关于 2024 年度计提减值准备的公告 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。 一、计提减值准备情况概述 为客观、公允地反映深圳市中科蓝讯科技股份有限公司（以下简称"公司"） 2024 年度的财务状况及经营成果，根据《企业会计准则》及公司会计政策的相关规定， 基于谨慎性原则，公司对截至 2024 年 12 月 31 日合并报表范围内可能发生信用及资产 减值损失的有关资产计提减值准备，具体情况如下表所示： 单位：人民币万元 | 序号 | 项目 | 2024 | 年度计提金额 | 备注 | | --- | --- | --- | --- | --- | | 1 | 信用减值损失 | | 47.50 | 应收账款坏账准备、其他应收款坏账准备 | | 2 | 资产减值损失 | | 4,359.01 | 存货跌价损失 | | 合计 | | | 4,406.51 | | 二、计提减值准备的说明 （一）信用减值损失 特此公告。 深 ...

Financial Performance - In 2024, the company achieved total operating revenue of RMB 181,903.40 million, a year-on-year increase of 25.72%[4] - Operating profit reached RMB 31,046.77 million, reflecting a growth of 23.35% compared to the previous year[4] - The net profit attributable to shareholders of the parent company was RMB 30,046.52 million, up 19.38% year-on-year[4] - The net profit attributable to shareholders of the parent company after deducting non-recurring gains and losses increased by 40.65% to RMB 24,451.60 million[4] - Basic earnings per share rose to RMB 2.50, representing a 19.05% increase from the previous year[4] Assets and Equity - Total assets at the end of 2024 were RMB 453,859.28 million, a decrease of 5.47% from the beginning of the period[5] - Shareholders' equity attributable to the parent company increased by 6.05% to RMB 399,085.91 million[5] Market Position and Strategy - The company has successfully entered the supply chains of major brands such as Xiaomi, realme, and Anker, enhancing its market competitiveness[6] - The significant increase in net profit after deducting non-recurring gains and losses was driven by the expansion into emerging markets and increased product variety[7] - The company received fewer government subsidies in 2024 compared to 2023, leading to a reduction in non-recurring gains[7]

证券代码：688332 证券简称：中科蓝讯 公告编号：2025-002 深圳市中科蓝讯科技股份有限公司 关于提前归还部分暂时补充流动资金的闲置募集资金的公告 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。 深圳市中科蓝讯科技股份有限公司（以下简称"公司"）于 2024 年 8 月 12 日召开 第二届董事会第十五次会议、第二届监事会第十五次会议，审议通过了《关于使用部分 闲置募集资金暂时补充流动资金的议案》，同意公司使用额度不超过人民币 20,000 万元 的闲置募集资金暂时补充流动资金，使用期限自董事会审议通过之日起12个月内有效， 保荐机构中国国际金融股份有限公司出具了同意的核查意见，具体内容详见公司 2024 年 8 月 14 日在指定信息披露媒体《上海证券报》《中国证券报》《证券时报》《证券日 报》及上海证券交易所网站（http://www.sse.com.cn）披露的《关于使用部分闲置募集资 金暂时补充流动资金的公告》（公告编号：2024-031）。 2025 年 2 月 6 日，公司已将上述用于暂时补充流动资金的 ...

证券代码：688332 证券简称：中科蓝讯 公告编号：2025-001 深圳市中科蓝讯科技股份有限公司 关于提前归还部分暂时补充流动资金的闲置募集资金的公告 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。 深圳市中科蓝讯科技股份有限公司（以下简称"公司"）于 2024 年 8 月 12 日召开 第二届董事会第十五次会议、第二届监事会第十五次会议，审议通过了《关于使用部 分闲置募集资金暂时补充流动资金的议案》，同意公司使用额度不超过人民币 20,000 万 元的闲置募集资金暂时补充流动资金，使用期限自董事会审议通过之日起 12 个月内有 效，保荐机构中国国际金融股份有限公司出具了同意的核查意见，具体内容详见公司 2024 年 8 月 14 日在指定信息披露媒体《上海证券报》《中国证券报》《证券时报》《证 券日报》及上海证券交易所网站（http://www.sse.com.cn）披露的《关于使用部分闲置 募集资金暂时补充流动资金的公告》（公告编号：2024-031）。 近日，公司已将上述用于暂时补充流动资金的 8,679.05 万 ...

2024 年度持续督导工作现场检查报告 上海证券交易所： 经中国证券监督管理委员会（以下简称"中国证监会"）《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）核准，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（不含增值税金额）后，募集资金净额为 258,922.76万元，并于2022年7月15日在上海证券交易所科创板挂牌上市。 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 中科蓝讯的保荐机构，负责对中科蓝讯的持续督导工作。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）》 等有关法律、法规的规定，中金公司作为正在履行中科蓝讯持续督导工作的保荐 机构，对公司2024年1月1日至2024年12月31日期间（以下简称"本持续督导期 间"）的规范运作情况进行了现场检查，现就现场 ...

Group 1: Company Overview - Zhongke Lanyun specializes in the research, design, and sales of wireless audio SoC chips, focusing on Bluetooth headset chips, Bluetooth speaker chips, smart wearable chips, and AIoT voice recognition chips [2][3]. Group 2: Financial Performance - In the first three quarters of 2024, the company achieved a revenue of CNY 1.248 billion, representing a year-on-year growth of 18.91%. The net profit attributable to shareholders was CNY 207 million, with a year-on-year increase of 4.80%. The net profit excluding non-recurring items was CNY 175 million, up by 26.45% [3][5]. Group 3: Product Development and Market Strategy - The company has successfully passed Bluetooth 6.0 certification, becoming the first non-mobile chip manufacturer in China to achieve this milestone. The new chip series includes BT893x, BT895x, and BT897x, which offer efficient and stable connection technology [3][4]. - The high-end "Xunlong" series chips have gained recognition in the market, being adopted by brands such as Xiaomi, realme, and Anker [4][5]. Group 4: AI and Smart Wearable Products - The company is actively exploring the AI market, collaborating with ByteDance's Volcano Engine to provide hardware and software solutions for AI headphones. The BT895x chip supports high-performance AI applications [4][5]. - The smart wearable product line, particularly the AB568X and AB569X series, has received high industry recognition and is expected to significantly contribute to revenue growth and improve gross margins [5][6]. Group 5: Future Plans and Market Position - The company is exploring mergers and acquisitions to enhance its technological capabilities and product offerings, in line with national policies [5][6]. - Future product development will focus on smart wearable glasses, integrating advanced audio algorithms and cloud capabilities to enhance user experience [5][6].

Group 1 - The core point of the news is that Zhongke Lanyun's stock has reached the daily limit, with a trading price of 136.06 yuan and a trading volume of 9.03 billion yuan, indicating strong market interest [1] - In the Sci-Tech Innovation Board, 349 stocks are up while 218 are down, with notable gainers including Aojie Technology-U, Zhongke Lanyun, and Lexin Technology, while Weichuang Electric, Maixinlin, and Guangyun Technology have seen significant declines [1] Group 2 - On the funding side, Zhongke Lanyun experienced a net outflow of 9.57 million yuan in the previous trading day, but a net inflow of 6.81 million yuan over the past five days [2] - The latest margin trading data shows that as of December 10, the total margin balance for Zhongke Lanyun is 491 million yuan, with a financing balance of 491 million yuan, which decreased by 18.29 million yuan, a decline of 3.59% [2] - Over the past ten days, the total margin balance has increased by 117 million yuan, a growth of 31.43%, with the financing balance growing by 31.48% [2] - In terms of institutional ratings, Zhongke Lanyun received buy ratings from three institutions in the past month, with reports from Changcheng Securities and Zhongtai Securities recommending buy ratings, and a report from招商证券 suggesting an increase in holdings [2]

Group 1: Company Overview - Zhongke Lanyun specializes in the research, design, and sales of wireless audio SoC chips, with eight main product lines including Bluetooth headset chips and AI voice recognition chips [2] - The company’s products are widely used in TWS Bluetooth headsets, Bluetooth speakers, smart wearable devices, and IoT devices, and have entered the supply chain of major brands like Xiaomi, realme, and Anker [2] Group 2: Financial Performance - In the first three quarters of 2024, the company achieved a revenue of CNY 1.248 billion, representing a year-on-year growth of 18.91% [3] - The net profit attributable to shareholders was CNY 207 million, with a year-on-year increase of 4.80% [3] - The non-recurring net profit reached CNY 175 million, showing a significant growth of 26.45% year-on-year [3] Group 3: Product Development and Innovation - The company’s Bluetooth chips have successfully passed the Bluetooth 6.0 certification, becoming the first non-mobile chip manufacturer in China to achieve this [3] - The third-generation BT895x chip supports AI functions and has been integrated into the FIIL GS Links AI headphones, marking it as the second product in the market to support large model AI [4][5] - The company is collaborating with ByteDance's Volcano Engine to provide hardware and software solutions compatible with large model AI [4] Group 4: Market Strategy and Competitive Position - Since 2019, the company has been implementing a brand strategy, resulting in recognition and preference for its products in the mid-to-high-end market [4] - The high-end "Xunlong" series chips have been adopted by various brands, including realme and Anker, enhancing the company's market presence [4] - The company plans to continue expanding its AI wearable product offerings and deepen cooperation with large model AI technologies [6] Group 5: Future Outlook - The company aims to enhance its market competitiveness by continuously upgrading product performance and establishing a strong brand image [5][6] - Future developments will focus on smart wearable glasses and other AI applications, leveraging cloud-based AI capabilities [6]