Financial Performance - The company's revenue for 2024 reached ¥1,819,033,979.78, representing a 25.72% increase compared to ¥1,446,887,369.01 in 2023[22]. - The net profit attributable to shareholders for 2024 was ¥300,097,932.22, up 19.23% from ¥251,693,156.05 in 2023[22]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥244,148,735.89, a significant increase of 40.44% from ¥173,847,884.52 in 2023[22]. - The net cash flow from operating activities for 2024 was ¥428,100,866.06, a recovery from a negative cash flow of ¥105,615,166.58 in 2023[22]. - The total assets as of the end of 2024 were ¥4,538,592,818.77, a decrease of 5.47% from ¥4,800,971,429.08 at the end of 2023[22]. - The net assets attributable to shareholders increased to ¥3,990,491,813.47, reflecting a 6.04% growth from ¥3,763,210,449.11 in 2023[22]. - The company achieved operating revenue of 1,819.03 million yuan in 2024, a year-on-year increase of 25.72%[25]. - Net profit attributable to shareholders reached 300.10 million yuan, up 19.23% compared to the previous year[25]. - Basic earnings per share were 2.50 yuan, reflecting a growth of 19.05% year-on-year[25]. - The weighted average return on equity increased to 7.76%, up 0.86 percentage points from the previous year[23]. Research and Development - Research and development expenses accounted for 8.92% of operating revenue, a decrease of 2.43 percentage points from the previous year[23]. - The company has a total of 249 R&D personnel, accounting for 80.84% of the total workforce, emphasizing its commitment to innovation and technology advancement[35][44]. - The company is focusing on RISC-V architecture, which is expected to reach a market size of $92.7 billion by 2030, with a compound annual growth rate of 47.4%[125]. - The company has filed for 41 new patents this year, bringing the total to 553, with 42 patents granted in the current year[117]. - The company reported a total R&D expenditure of approximately ¥162.20 million, a decrease of 1.19% compared to the previous year[118]. Product Development and Innovation - The company is focusing on expanding its market presence and developing new technologies, particularly in the fields of AI and IoT[17]. - The company has successfully launched the "Xunlong" series of high-end Bluetooth chips (BT889X, BT892X, BT893X, BT895X), which are now integrated into various major brands including Xiaomi, realme, and Anker[36]. - The company has completed mass production of AI headset chips, smart watch chips, wireless microphone chips, and BLE SoC chips during the reporting period, enhancing its product offerings[38]. - The company has launched a series of TWS earphones and OWS audio SoC chips, featuring self-developed audio algorithms and supporting the new generation of Bluetooth 6.0 protocol[114]. - The company is focusing on expanding its product line with new models that include advanced features such as dual MIC and ANC capabilities[63]. - The company is committed to continuous innovation, as evidenced by the introduction of new algorithms and enhanced features across its product lineup[60]. Market Strategy and Expansion - The company is actively expanding into AI-related products, including AI headphones, speakers, and wearables, to tap into new market opportunities[178]. - The company aims to expand its product lines from eight to ten by adding Wi-Fi and video product lines, focusing on AI headphones, speakers, glasses, and toys[189]. - The company plans to enhance R&D investment in AI audio processing and low-power Bluetooth technology to launch competitive next-generation chip products[190]. - The company plans to expand its market share in TWS headphones and smart speakers by deepening partnerships with leading domestic consumer electronics brands[192]. - The company has established a diversified supplier system to mitigate supply chain disruption risks[193]. Corporate Governance and Compliance - The company has received a standard unqualified audit report from Tianjian Accounting Firm[6]. - The company is committed to maintaining compliance with regulatory requirements as outlined by the China Securities Regulatory Commission[19]. - The company has not reported any significant risks that could materially affect its operations during the reporting period[5]. - The company has not disclosed any special arrangements for corporate governance[7]. - The board of directors held five meetings during the reporting period, ensuring compliance with legal and regulatory requirements[197]. Financial Management - The company has implemented a robust financial control strategy, optimizing fund management and usage to enhance operational efficiency and reduce costs[46]. - The company has implemented low-power RTC features in its products, enhancing battery efficiency for portable applications[80][84][86]. - The company has made a significant investment of CNY 279,750,000 in the reporting period, representing a 196.82% increase compared to CNY 94,250,000 in the same period last year[171]. - The total cash flow from investment activities was negative at ¥-1,127,522,829.29, a significant decrease of 290.69% compared to the previous year[143]. Risks and Challenges - The company faces risks related to technology upgrades and product iteration, which are critical for maintaining market competitiveness in the fast-evolving integrated circuit design industry[133]. - There is a risk of core technology leakage, which could adversely affect the company's competitive advantage if not properly managed[134]. - The company is exposed to inventory devaluation risks due to potential changes in market demand and competition, which could lead to unsold stock[139]. - The gross margin is subject to fluctuations influenced by market demand, product structure, and production costs, with a risk of decline if the company fails to optimize its product offerings[140].

证券代码：688332 证券简称：中科蓝讯 公告编号：2025-008 深圳市中科蓝讯科技股份有限公司 关于公司2024年度利润分配预案的公告 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： 每股分配比例：每10股派发现金红利人民币10元（含税），本次利润分配 不进行资本公积转增股本，不送红股。 本次利润分配方案不会触及《上海证券交易所科创板股票上市规则（2024年 4月修订）》（以下简称"《科创板股票上市规则》"）第12.9.1条第一款第（八）项 规定的可能被实施其他风险警示的情形。 本次利润分配预案尚需提交公司2024年年度股东大会审议通过后方可实施。 一、利润分配预案内容 （一）利润分配预案的具体内容 经天健会计师事务所（特殊普通合伙）审计，截至2024年12月31日，深圳市中科 蓝讯科技股份有限公司（以下简称"公司"）母公司报表中期末未分配利润为人民币 906,821,226.57元。经公司第二届董事会第十七次会议及第二届监事会第十七次会议 审议，公司2024年度拟以实施权益分派股权登记日登记的总股本为 ...

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 ...

编号：2024-027 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 | --- | --- | --- | |----------------------|---------------------------------------------------------------------|------------------------------------------------------------| | 投资者关系活动类别 | √特定对象调研 \n□ 媒体采访 □ \n□ 现场参观 | □ 分析师会议 \n业绩说明会 \n√电话会议 | | | | 建信基金、信达澳亚基金、汇添富基金、国投瑞银基金、国联基 | | 参与单位名称 | 浙商证券、中信证券、华源证券 | 金、展博投资、财通基金、国联安基金、中信资管、财通资管、 | | 时间 | 2024 年 12 月 11 日至 12 | 月 13 日 | | | | | | 地点 | 深圳市中科蓝讯科技股份有限公司大会议室 副总经理、董事会秘书：张仕兵 | | | 上市公司接待人员姓名 | 董 ...

12月11日盘中科创板股中科蓝讯涨停，截至13:01，股价报136.06元，成交9.03亿元，换手率16.45%，振 幅19.52%。 科创板个股中，截至发稿上涨的有349只，下跌的有218只，涨停的有翱捷科技-U、中科蓝讯、乐鑫科 技等，跌幅居前的有伟创电气、迈信林、光云科技等，分别下跌8.53%、7.44%、7.06%。 资金面上，中科蓝讯上一交易日主力资金净流出956.59万元，近5日净流入680.64万元。 融资融券数据显示，该股最新（12月10日）两融余额为4.91亿元，其中，融资余额为4.91亿元，较上一 个交易日减少1828.74万元，降幅为3.59%；融券余额为62.36万元，较上一个交易日减少7.93万元，降幅 为11.28%。近10日两融余额合计增加1.17亿元，增幅为31.43%，其间融资余额增长31.48%，融券余额增 长1.33%。 从机构评级来看，近一个月该股获3家机构买入评级。11月18日长城证券发布的研报给予公司买入评 级。11月18日招商证券发布的研报给予公司增持评级。11月15日中泰证券发布的研报给予公司买入评 级。（数据宝） ...