证券代码：688332 证券简称：中科蓝讯 公告编号：2024-038 深圳市中科蓝讯科技股份有限公司 第二届董事会第十六次会议决议公告 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、董事会会议召开情况 深圳市中科蓝讯科技股份有限公司（以下简称"公司"）第二届董事会第十六次会 议通知于 2024 年 10 月 24 日以电子邮件方式向全体董事、监事及高级管理人员发出， 会议于 2024 年 10 月 29 日以通讯方式召开。本次会议由董事长黄志强先生主持，会议 应出席董事 5 名，实际出席董事 5 名，公司监事和高级管理人员列席本次会议。本次 会议的召集、召开及表决程序符合《中华人民共和国公司法》（以下简称"《公司法》"） 和《深圳市中科蓝讯科技股份有限公司章程》（以下简称"《公司章程》"）等有关法律、 行政法规、规范性文件的规定，会议决议合法有效。 二、董事会会议审议情况 1、会议以 5 票同意，0 票反对，0 票弃权，审议通过了《关于公司<2024 年第三 季度报告>的议案》。 经审议，董事会认为公司根据《公司法》《 ...

Financial Performance - The company's revenue for Q3 2024 reached ¥457,017,038.14, representing a year-over-year increase of 15.27%[2] - Net profit attributable to shareholders was ¥72,073,792.01, a decrease of 15.10% compared to the same period last year[2] - The net profit excluding non-recurring gains and losses was ¥65,131,956.62, showing an increase of 19.34% year-over-year[2] - Total operating revenue for the first three quarters of 2024 reached CNY 1,248,001,991.73, a 19% increase from CNY 1,049,568,460.34 in the same period of 2023[16] - Net profit for the third quarter of 2024 was CNY 206,632,064.60, compared to CNY 197,249,179.30 in the third quarter of 2023, reflecting a growth of approximately 2%[17] - Basic earnings per share for the third quarter of 2024 were CNY 1.72, up from CNY 1.64 in the same quarter of 2023[18] Assets and Liabilities - Total assets at the end of the reporting period were ¥4,480,128,485.80, down 6.68% from the end of the previous year[3] - The company's total assets amounted to CNY 4,480,128,485.80 as of the end of the third quarter of 2024, down from CNY 4,800,971,429.08 at the end of 2023[17] - The company's current assets decreased to CNY 4,361,317,402.32 from CNY 4,685,915,946.85, reflecting a reduction of about 6.92%[12] - The total liabilities decreased from CNY 1,028,019,358.33 to CNY 579,166,249.58, a reduction of about 43.67%[14] - The total liabilities and equity amounted to CNY 4,480,128,485.80, a decrease from CNY 4,800,971,429.08 in the previous year[15] Cash Flow - The company's cash flow from operating activities for the year-to-date was ¥93,766,456.45, with a significant reduction attributed to decreased inventory purchases[6] - The net cash flow from operating activities for Q3 2024 was ¥93,766,456.45, a significant improvement from a net outflow of ¥-264,311,572.67 in Q3 2023[20] - Total cash inflow from investment activities decreased to ¥1,237,966,635.22 in Q3 2024 from ¥2,264,759,200.69 in Q3 2023[20] - The net cash flow from investment activities was ¥-929,102,911.26 in Q3 2024, compared to a positive cash flow of ¥729,054,074.93 in Q3 2023[20] - Cash inflow from financing activities totaled ¥341,227,391.48 in Q3 2024, down from ¥757,662,166.07 in Q3 2023[21] - The net cash flow from financing activities was ¥-488,736,622.74 in Q3 2024, contrasting with a net inflow of ¥695,189,056.22 in Q3 2023[21] Expenses and Investments - Research and development expenses totaled ¥40,007,441.88, accounting for 8.75% of revenue, a decrease of 1.97 percentage points from the previous year[3] - The company reported a total operating cost of CNY 1,067,034,068.74 for the first three quarters of 2024, which is a 16.4% increase from CNY 917,322,024.59 in the same period of 2023[16] - Investment income for the third quarter of 2024 was CNY 15,981,967.21, down from CNY 34,774,568.10 in the same quarter of 2023[17] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 11,731, with the largest shareholder holding 26.30% of the shares[8] - The company has not reported any changes in the participation of major shareholders in margin trading and securities lending activities[11] Government Support - The company received government subsidies amounting to ¥2,832,300.00 during the reporting period[4] Other Information - There are no significant new strategies or product developments mentioned in the report for the upcoming quarters[11] - The company reported a significant increase in trading financial assets from CNY 921,547,863.02 to CNY 1,484,433,970.51, an increase of about 61.00%[12] - The capital reserve increased to CNY 2,884,993,396.04 from CNY 2,865,320,545.17, reflecting a growth of approximately 0.69%[14] - The company's retained earnings increased to CNY 813,773,845.63 from CNY 706,661,369.20, marking a growth of about 15%[15] - Cash and cash equivalents were reported at CNY 1,879,197,213.37, down from CNY 2,779,279,227.88, indicating a decrease of approximately 32.36%[12] - The total cash and cash equivalents at the end of Q3 2024 stood at ¥62,296,909.15, a decrease from ¥1,269,783,640.11 at the end of Q3 2023[21] - The cash outflow for operating activities was ¥1,292,185,552.61 in Q3 2024, compared to ¥1,463,620,981.76 in Q3 2023[20] - The cash paid to employees increased to ¥98,182,164.05 in Q3 2024 from ¥74,790,504.61 in Q3 2023[20] - The cash paid for taxes rose to ¥52,011,178.32 in Q3 2024, compared to ¥26,584,569.58 in Q3 2023[20] - Non-recurring gains for the period totaled ¥6,941,835.39, with a year-to-date total of ¥32,150,232.13[5]

证券代码：688332 证券简称：中科蓝讯 公告编号：2024-039 深圳市中科蓝讯科技股份有限公司 第二届监事会第十六次会议决议公告 本公司监事会及全体监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。 三、备查文件 第二届监事会第十六次会议决议。 特此公告。 深圳市中科蓝讯科技股份有限公司（以下简称"公司"）第二届监事会第十六次 会议通知于 2024 年 10 月 24 日以电子邮件方式向全体监事发出，会议于 2024 年 10 月 29 日以通讯方式召开。本次会议由监事会主席徐志东先生主持，会议应出席监事 3 名， 实际出席监事 3 名，董事会秘书列席本次会议。本次会议的召集、召开及表决程序符 合《中华人民共和国公司法》和《深圳市中科蓝讯科技股份有限公司章程》（以下简称 "《公司章程》"）等有关法律、行政法规、规范性文件的规定，会议决议合法有效。 二、 监事会会议审议情况 会议以 3 票同意，0 票反对，0 票弃权，审议通过了《关于公司<2024 年第三季度 报告>的议案》。 监事会认为：公司《2024 年第三季度报告》的编制和审议程序符合 ...

Group 1: Financial Performance - In the first half of 2024, the company achieved a revenue of 791 million CNY, representing a year-on-year growth of 21.11% [3] - The net profit attributable to shareholders was 135 million CNY, with a year-on-year increase of 19.83% [3] - The net profit after deducting non-recurring gains and losses was 109 million CNY, showing a year-on-year growth of 31.10% [3] Group 2: Product Development and Market Expansion - The company has expanded its brand client base since 2019, with products recognized by major brands such as Xiaomi, realme, and Anker [3] - The launch of the "Xunlong 2nd Generation +" chip has been well-received, being adopted by various high-end audio products [3] - The company’s BLE chips are now applied in personal care and sports health products, with mass production achieved in collaboration with platforms like Tencent and Honor [3] Group 3: Technological Advancements - The company has developed a comprehensive range of OWS audio SoC chips, covering high-end to entry-level products, supporting the latest Bluetooth protocols [4] - The high-end BT893X series features Hi-Res certification and LDAC decoding, ensuring high audio quality for various premium products [4] - The RISC-V CPU and HiFi DSP in the high-end series support AI algorithm applications, enhancing connectivity with cloud services [4] Group 4: Market Trends and Strategic Responses - The company is positioned to benefit from the trend of brands offering high cost-performance products, as it has a strong foundation in this area [4] - The gross margin improved in Q2 due to expanded product applications and strict cost control measures [4] - The company plans to continue expanding brand clients and increasing new product sales to maintain reasonable gross margins [5] Group 5: Inventory Management and Future Planning - As of June 30, 2024, the company's inventory increased compared to the end of the previous year, driven by proactive stocking for the traditional sales peak in Q3 and Q4 [6] - The inventory management strategy focuses on new product stocking and capacity changes to optimize procurement costs [6] - The company aims to maintain inventory levels within a reasonable turnover range as new products are mass-produced [6]

Investment Rating - The report initiates coverage on Zhongke Lanxun with a "Buy" rating, citing its strong position in the white-label audio SoC market and potential for growth in emerging markets [4][78] Core Views - Zhongke Lanxun is a leading domestic white-label audio SoC manufacturer, leveraging the RISC-V instruction set to achieve cost advantages and high product competitiveness [1] - The company has successfully penetrated emerging markets like India and Africa, with overseas shipments accounting for 60-70% of total shipments [2] - Zhongke Lanxun has diversified its product portfolio to meet the growing demand for smart wearable devices and IoT, with eight major product lines [3] - The company is expected to achieve significant revenue and net profit growth from 2024 to 2026, driven by the recovery of the consumer electronics market and expansion into new application areas [4] Financial Performance and Valuation - In 2023, Zhongke Lanxun reported revenue of 1.447 billion yuan, a 34% YoY increase, and net profit of 252 million yuan, a 79% YoY increase [4] - The company's revenue is projected to grow to 1.810 billion yuan in 2024, 2.351 billion yuan in 2025, and 2.841 billion yuan in 2026, with net profit expected to reach 300 million yuan, 385 million yuan, and 459 million yuan, respectively [4] - The current PE valuation for 2024-2026 is 19x, 15x, and 12x, which is lower than the industry average of 40x, 28x, and 21x [78] Market and Industry Analysis - The global Bluetooth headset market is expected to grow from 144 billion yuan in 2023 to 315.3 billion yuan by 2030, with a CAGR of 11.7% [31] - The global Bluetooth speaker market is projected to grow from 16.58 billion USD in 2021 to 33.4 billion USD by 2026, with a CAGR of 15.04% [34] - The global smart wearable device market is expected to grow from 120.54 billion USD in 2023 to 1,415.26 billion USD by 2032, with a CAGR of 31.5% [36] Product and Technology - Zhongke Lanxun's product lines include Bluetooth headset chips, Bluetooth speaker chips, smart wearable chips, wireless microphone chips, digital audio chips, toy voice chips, AIoT chips, and AI voice recognition chips [59] - The company has developed the "Lanxun Xunlong" series of high-end chips, which have achieved performance levels close to industry leaders in key technical indicators such as Bluetooth RF performance, noise reduction, and power consumption [67] - Zhongke Lanxun's RISC-V-based architecture reduces costs by avoiding third-party IP fees, enhancing the overall cost-performance ratio of its products [1][45] Strategic Expansion - Zhongke Lanxun has established partnerships with well-known brands in India and Africa, such as boAt and Noise, and its products are used in realme Buds Wireless 3, which is sold on Amazon India [2][48] - The company is expanding its presence in the brand customer market, with its "Xunlong" series chips being adopted by major brands like Xiaomi, realme, and Baidu [71] - Zhongke Lanxun is also focusing on the AIoT market, with its AIoT SoC chip market expected to grow from 95 billion yuan in 2022 to 279.36 billion yuan by 2027 [65]

Group 1: Company Overview - Zhongke Lanyun specializes in wireless audio SoC chip development, design, and sales, with eight main product lines including Bluetooth headset chips and AIoT chips [2] - The company has established a supply chain with major brands such as Xiaomi, realme, and Anker [2] Group 2: Financial Performance - In the first half of 2024, the company achieved revenue of CNY 791 million, a year-on-year increase of 21.11% [3] - The net profit attributable to shareholders was CNY 135 million, up 19.83% year-on-year, while the net profit excluding non-recurring items reached CNY 109 million, reflecting a growth of 31.10% [3] Group 3: Product Development and Market Strategy - The company has expanded its brand client base since 2019, with the "Xunlong" series high-end chips gaining recognition [3] - The newly launched "Xunlong 2nd Generation +" chip is being adopted by various brands, enhancing the company's market presence [3] - The company has sufficient technical reserves for OWS earphones and has launched optimized Bluetooth audio SoC chips for this segment [4] Group 4: Cost Management and Inventory Strategy - The company has improved its gross margin by expanding product applications and maintaining stable supplier relationships to optimize procurement costs [4][5] - As of June 30, 2024, the company's inventory increased compared to the end of the previous year, in preparation for the traditional sales peak in the third and fourth quarters [5][6] Group 5: Future Outlook and Investment Plans - The company plans to invest its cash reserves primarily in upgrading smart Bluetooth audio chips and developing IoT chip products [5] - Future product lines will include Wi-Fi and Bluetooth integrated chips, enhancing the company's technological capabilities and core competitiveness [5]

Investment Rating - The investment rating for the company is "Buy" and is maintained [2] Core Views - The company has shown strong growth in revenue and net profit, with a 21.11% year-on-year increase in revenue to 790.985 million yuan and a 19.83% increase in net profit to 134.6387 million yuan for the first half of 2024 [3][4] - The company is actively launching new products in the booming headphone market, with a focus on high-performance ANC (Active Noise Cancellation) technology and a wide range of applications [4] - The Bluetooth speaker market is also expanding, with the company introducing new product lines and achieving significant sales growth [5] - The wearable device market is expected to grow, and the company has completed a comprehensive product layout to meet diverse customer needs [5] Summary by Sections Company Overview - The latest closing price is 47.56 yuan, with a total market capitalization of 5.7 billion yuan and a circulating market capitalization of 2.1 billion yuan [1] Financial Performance - For the first half of 2024, the company reported a net cash flow from operating activities of 61.8711 million yuan, indicating improved profitability [3] - The company expects to achieve revenues of 1.84 billion yuan, 2.34 billion yuan, and 2.84 billion yuan for the years 2024, 2025, and 2026 respectively, with corresponding net profits of 308.35 million yuan, 407.74 million yuan, and 540.41 million yuan [6][8] Market Trends - The global Bluetooth headphone market has surpassed 50 billion USD, with significant growth potential in emerging markets due to lower penetration rates [4] - The Chinese Bluetooth speaker market saw a 1.9% increase in sales volume to 23.7 million units in 2023, with a 4.9% increase in sales revenue to 6.64 billion yuan [5] Product Development - The company has launched multiple new products, including the BT892X series for translation headphones and the BT896X series for smart speakers, enhancing its competitive edge in the market [4][5]

证券代码：688332 证券简称：中科蓝讯 深圳市中科蓝讯科技股份有限公司 投资者关系活动记录表 编号：2024-017 √特定对象调研 □分析师会议 投资者关系活动 □媒体采访 □业绩说明会 类别 □现场参观 √电话会议 参与单位名称 长城基金、中欧基金、摩根基金、浦银安盛基金、诺安基金、信达澳亚 基金、工银瑞信基金、中邮证券、西南证券、中泰证券、华安证券 时间 2024 年 8 月 20 日至 23 日 地点 深圳市中科蓝讯科技股份有限公司大会议室 上市公司接待人 董事会办公室主任：曹卉 员姓名 证券事务代表：刘懿瑶 公司简介： 中科蓝讯主营业务为无线音频 SoC 芯片的研发、设计与销售，公司 逐步形成以蓝牙耳机芯片、蓝牙音箱芯片、智能穿戴芯片、无线麦克风 芯片、数字音频芯片、玩具语音芯片、AIoT 芯片、AI 语音识别芯片八 大产品线为主的产品架构，产品可广泛运用于 TWS 蓝牙耳机、蓝牙音 箱、智能可穿戴设备、无线麦克风、语音玩具、物联网设备等无线互联 投资者关系活动 终端。目前产品已进入小米、realme 真我、百度、万魔、倍思、Anker、 主要内容介绍 漫步者、腾讯 QQ 音乐、传音、魅蓝、飞利 ...

深圳市中科蓝讯科技股份有限公司 2024 年第一次临时股东大会会议资料 深圳市中科蓝讯科技股份有限公司 2024 年第一次临时股东大会 会议资料 2024 年 8 月 29 日 深圳 深圳市中科蓝讯科技股份有限公司 2024 年第一次临时股东大会会议资料 | | | | 2024 | 年第一次临时股东大会会议须知 2 | | --- | --- | | 2024 | 年第一次临时股东大会会议议程 4 | | 议案一 | 《关于公司部分募投项目延期、调整投资金额与内部投资结构及节余募 | | | 集资金永久补充流动资金的议案 6 | | 议案二 | 《关于使用部分超募资金永久补充流动资金的议案》 15 | | 议案三 | 《关于变更注册资本、修订<公司章程>并办理工商变更登记的议案》 16 | | 议案四 | 《关于续聘公司 2024 年度会计师事务所的议案》 17 | 1 深圳市中科蓝讯科技股份有限公司 2024 年第一次临时股东大会会议资料 深圳市中科蓝讯科技股份有限公司 2024 年第一次临时股东大会会议须知 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 ...

Financial Overview - The company has a cash balance primarily from fundraising, which will be allocated to various projects including smart Bluetooth audio chip upgrades and IoT chip product development [2][5] - As of June 30, 2024, the company's inventory increased compared to the end of the previous year, in preparation for the traditional sales peak in Q3 and Q4 [6] Product Development and Innovation - The company launched the second generation of the Xunlong BT892X series, which supports real-time translation in 40 languages and features adjustable playback speeds [3] - New products include the AB2027A3 data transmission chip used in the Paris Olympics and BLE chips for various smart applications, achieving mass production [3][4] - The company is developing smart wearable glasses chips as part of its fundraising projects, aiming to enhance market competitiveness [4][7] Profitability and Cost Management - The gross profit margin improved in Q2 due to the expansion of product applications and the introduction of new product lines, while maintaining strict cost control [4] - The company plans to continue expanding brand clients and increasing new product sales to sustain a reasonable gross margin [4] Market Strategy and Future Plans - The company is open to business expansion through mergers and acquisitions, while adhering to information disclosure obligations [2][5] - Future product lines will focus on enhancing performance and expanding into new business areas, including Wi-Fi and IoT chips [5] Research and Development - The company has been cautious with R&D investments, focusing on project efficiency and quality, which has led to a decrease in R&D spending [5] - There is an expectation for an increase in R&D expenses as business scales and brand clients are introduced [5] Technology and Applications - The company’s high-end series products are equipped with RISC-V CPU and HiFi DSP, suitable for various AI applications [6] - Bluetooth audio chips have been integrated into smart audio glasses, supporting clear voice calls and music playback [7]