上市保荐书 华泰联合证券有限责任公司关于 上海晶丰明源半导体股份有限公司 向不特定对象发行可转换公司债券并在科创板上市之 上市保荐书 上海证券交易所： 一、发行人基本情况 （一）发行人概况 公司名称：上海晶丰明源半导体股份有限公司 注册地址：中国（上海）自由贸易试验区申江路 5005 弄 3 号 9-11 层、2 号 102 单元 设立日期：2008 年 10 月 31 日 注册资本：6,293.71 万元人民币 法定代表人：胡黎强 联系方式：021-50278297 业务范围：半导体芯片及计算机软、硬件的设计、研发、销售，系统集成， 提供相关的技术咨询和技术服务，从事货物与技术的进出口业务 3-2-1 作为上海晶丰明源半导体股份有限公司（以下简称"发行人"、"公司"）向 不特定对象发行可转换公司债券并在科创板上市的保荐机构，华泰联合证券有限 责任公司及其保荐代表人已根据《中华人民共和国公司法》（以下简称《公司法》）、 《中华人民共和国证券法》（以下简称《证券法》）等法律法规和中国证券监督管 理委员会（以下简称中国证监会）及贵所的有关规定，诚实守信，勤勉尽责，严 格按照依法制定的业务规则和行业自律规范出具上市 ...

Financial Performance - The company reported a significant increase in revenue for the first half of 2023, achieving a total of 1.2 billion RMB, representing a growth of 25% year-over-year[17]. - The company achieved operating revenue of CNY 615.31 million in the first half of 2023, an increase of 4.03% compared to the same period last year[24]. - The net profit attributable to shareholders was a loss of CNY 89.26 million, worsening from a loss of CNY 61.88 million in the previous year[24]. - The net cash flow from operating activities improved significantly, reaching CNY 213.52 million, compared to a negative cash flow of CNY 345.37 million in the same period last year[24]. - The company reported a net profit of CNY -27.46 million after excluding stock-based compensation, a year-on-year decline of 233.49%[58]. - The company reported a significant increase in revenue, achieving a total of 1.5 billion in the first half of 2023, representing a 20% year-over-year growth[112]. - The company reported a significant increase in revenue, achieving a total of $500 million for the first half of 2023, representing a 25% year-over-year growth[123]. - The company reported a net profit margin of 15%, up from 12% in the previous year, indicating improved operational efficiency[123]. User Growth and Market Expansion - User data indicates a growing customer base, with an increase of 15% in active users compared to the previous year, reaching 500,000 active users[17]. - User data showed a growth in active users, reaching 10 million, which is a 15% increase compared to the previous year[112]. - The company is expanding its market presence in Southeast Asia, with plans to establish two new distribution centers by Q4 2023[17]. - The company is expanding its market presence in Southeast Asia, targeting a 30% increase in market share by the end of 2024[123]. - Market expansion plans include entering three new international markets by Q4 2023[112]. Product Development and Innovation - New product development includes the launch of three innovative semiconductor products, expected to contribute an additional 300 million RMB in revenue by the end of 2023[17]. - The company launched 25 new AC/DC power management chip products in the first half of 2023, generating sales revenue of CNY 79.44 million, an increase of 60.29% year-on-year[60]. - The company is developing high-performance DC-DC power management chips, including multi-phase digital controllers and high-current power ICs, aiming to break foreign monopolies[44]. - The company is working on a complete AC-DC isolation power chip solution, which includes two power management chips and a magnetic coupling device[44]. - The company has achieved international advanced technology in dimming technology, enabling flicker-free and noise-free dimming for LED lighting[37]. Research and Development - Research and development expenditure has increased by 30% in the first half of 2023, totaling 150 million RMB, to support innovation and product development[17]. - The company has applied for 77 new intellectual property projects during the reporting period, including 15 invention patents, and obtained a total of 26 authorizations, with 15 being invention patents[40]. - The total R&D investment amounted to ¥189,339,850.10, representing a 2.05% increase compared to ¥185,533,360.16 in the previous year[42]. - The number of R&D personnel has increased to 375, representing 64.66% of the total workforce, up from 64.23% in the previous year[50]. - The company is committed to continuous R&D investment to maintain technological leadership in the LED lighting power management chip sector[52]. Strategic Acquisitions - A strategic acquisition of a smaller semiconductor firm is in progress, which is anticipated to enhance the company's technology capabilities and market share[17]. - The company completed the acquisition of a 38.87% stake in Nanjing Lingou Chuangxin Electronics, making it a subsidiary, with Lingou Chuangxin achieving sales revenue of CNY 70.58 million, a growth of 39.16% year-on-year[63]. - The company is considering strategic acquisitions to bolster its market position, with a target of identifying two potential candidates by the end of the year[112]. Operational Efficiency - The company has implemented new strategies to improve operational efficiency, aiming for a 10% reduction in production costs by mid-2024[17]. - The company has set a goal to reduce operational costs by 10% through efficiency improvements[112]. - Operating costs increased by 10.31% to CNY 463,503,522.98 from CNY 420,191,245.13 year-on-year[73]. Financial Commitments and Governance - The board of directors has approved a profit distribution plan, proposing a dividend payout of 0.5 RMB per share for the first half of 2023[8]. - The company has committed to strictly fulfilling all public commitments made regarding its initial public offering and listing on the Shanghai Stock Exchange's Sci-Tech Innovation Board[114]. - The company will publicly explain the specific reasons for any failure to fulfill commitments and apologize to shareholders and the public[116]. - The company will not transfer its shares unless under specific circumstances such as inheritance or mandatory execution[117]. Environmental and Social Responsibility - The company has established an environmental protection mechanism and does not produce industrial waste during its R&D processes[102]. - The company actively promotes low-carbon travel options, equipping its parking lot with charging stations for electric vehicles[104]. - The company implemented energy-saving measures, including smart lighting systems in offices, significantly reducing daily electricity consumption[104].

证券代码：688368 证券简称：晶丰明源 公告编号：2023-101 上海晶丰明源半导体股份有限公司 关于召开 2023 年半年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、准确性和完整性依法承担法律责任。 重要内容提示： 会议召开时间：2023 年 9 月 11 日(星期一)上午 10:00-11:00 会 议 召 开 地 点 ： 上 海 证 券 交 易 所 上 证 路 演 中 心 （ 网 址 ： http://roadshow.sseinfo.com/） 会议召开方式：上证路演中心网络互动 投资者可于 2023 年 9 月 4 日（星期一）至 9 月 8 日(星期五)16:00 前登录 上证路演中心网站首页点击"提问预征集"栏目或通过公司邮箱 IR@bpsemi.com 进行提问。公司将在说明会上对投资者普遍关注的问题进行回答。 上海晶丰明源半导体股份有限公司（以下简称"公司"）已于 2023 年 8 月 31 日发布公司 2023 年半年度报告，为便于广大投资者更全面深入地了解公司 2023 年半年度经营成果、财务状况，公司计 ...

具 体 内 容 详 见 公 司 于 2022 年 8 月 30 日 在 上 海 证 券 交 易 所 网 站 （www.sse.com.cn）披露的《上海晶丰明源半导体股份有限公司关于使用闲置 募集资金暂时补充流动资金的公告》（公告编号：2022-075）。 上海晶丰明源半导体股份有限公司关于 归还暂时用于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、准确性和完整性依法承担法律责任。 上海晶丰明源半导体股份有限公司（以下简称"公司"）于 2022 年 8 月 29 日召开了第二届董事会第二十九次、第二届监事会第二十九次会议，审议通过 了《关于使用闲置募集资金暂时补充流动资金的议案》，同意公司在确保募集 资金投资计划正常进行的前提下，使用不超过人民币 15,000 万元（含本数）的 闲置募集资金暂时补充流动资金，仅用于公司的业务拓展、日常经营等与主营 业务相关的生产经营活动，使用期限为自公司董事会审议通过之日起不超过 12 个月。 证券代码：688368 证券简称：晶丰明源 公告编号：2023-095 根据上述决议，公司在规 ...

证券代码：688368 证券简称：晶丰明源 公告编号：2023-094 上海晶丰明源半导体股份有限公司 关于诉讼事项二审（终审）判决结果的公告 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、准确性和完整性依法承担法律责任。 重要内容提示: 是否会对上市公司损益产生负面影响：本次判决为二审（终审）判决， 不涉及公司权利义务，不会对公司生产经营及本期利润或期后利润产生影响。 近日，上海晶丰明源半导体股份有限公司（以下简称"公司"）收到了中华 人民共和国最高人民法院《行政判决书》（案号：（2023）最高法知行终 201 号）。 根据该判决书，就原告矽力杰半导体技术（杭州）有限公司因发明专利权无效行 政纠纷一案，不服国家知识产权局作出的无效宣告请求审查决定提起的行政诉 讼，北京知识产权法院裁定驳回原告矽力杰半导体技术（杭州）有限公司的诉讼 请求。矽力杰半导体技术（杭州）有限公司不服，再次向中华人民共和国最高人 民法院提起上诉。中华人民共和国最高人民法院判定驳回上诉，维持一审原判。 现就有关情况公告如下： 一、诉讼基本情况 2019 年 7 月 22 日，公司收到 ...

证券代码：688368 证券简称：晶丰明源 公告编号：2023-093 上海晶丰明源半导体股份有限公司 关于收到上海证券交易所《关于上海晶丰明源半导 体股份有限公司向不特定对象发行可转换公司债券 申请文件的审核问询函》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、准确性和完整性依法承担法律责任。 上海晶丰明源半导体股份有限公司（以下简称"公司"）于 2023 年 8 月 10 日收到上海证券交易所（以下简称"上交所"）出具的《关于上海晶丰明源半导 体股份有限公司向不特定对象发行可转换公司债券申请文件的审核问询函》（上 证科审（再融资）【2023】199 号，以下简称"《问询函》"），上交所审核机构对公 司提交的向不特定对象发行可转换公司债券申请文件进行了审核，并形成了首轮 问询问题。 公司与相关中介机构将按照《问询函》的要求，对相关问题进行逐项落实， 并及时提交对《问询函》的回复，回复内容将通过临时公告方式及时披露，并通 过上交所发行上市审核业务系统报送相关文件。 公司本次向不特定对象发行可转换公司债券事项尚需通过上交所审核，并获 得中国证券监督 ...

上海证券交易所文件 上证科审（再融资）〔2023〕199 号 关于上海晶丰明源半导体股份有限公司向不 特定对象发行可转换公司债券 申请文件的审核问询函 上海晶丰明源半导体股份有限公司、华泰联合证券有限责任公司： 根据《证券法》《上市公司证券发行注册管理办法》《上海 证券交易所上市公司证券发行上市审核规则》等有关法律、法规 及本所有关规定等，本所审核机构对上海晶丰明源半导体股份有 限公司（以下简称发行人或公司）向不特定对象发行可转换公司 债券申请文件进行了审核，并形成了首轮问询问题。 1.关于本次募投项目必要性 根据申报材料，1）公司主营业务为电源管理芯片、驱动控 制芯片的研发与销售，产品包括 LED 照明电源管理芯片、电机 1 ─────────────── 2 驱动与控制芯片、AC/DC 电源管理芯片和 DC/DC 电源管理芯片 等。2）公司本次向不特定对象发行可转换公司债券的募集资金， 将用于"高端电源管理芯片产业化项目"、"研发中心建设项目"及 补充流动资金。其中"研发中心建设项目"拟购置研发中心暨总部 大楼用于研发办公区及研发实验室等，本次拟购置场地面积为 6,753 平方米。 是否还需要在相关部门履 ...

证券代码：688368 证券简称：晶丰明源 公告编号：2023-092 上海晶丰明源半导体股份有限公司 关于变更保荐机构后重新签订募集资金专户存储 三方监管协议的公告 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、准确性和完整性依法承担法律责任。 上海晶丰明源半导体股份有限公司（以下简称"公司"）于 2023 年 6 月 30 日在上海证券交易所网站（www.sse.com.cn）披露了《上海晶丰明源半导体股份 有限公司关于更换持续督导保荐机构及保荐代表人的公告》。因聘请华泰联合证 券有限责任公司（以下简称"华泰联合证券"）担任公司向不特定对象公开发行 可转换公司债券的保荐机构，公司与原保荐机构广发证券股份有限公司（以下简 称"广发证券"）以及存放募集资金的商业银行签订的《募集资金专户存储三方 监管协议》相应终止，广发证券未完成的持续督导工作由华泰联合证券承接。 一、募集资金基本情况 经中国证券监督管理委员会（以下简称"中国证监会"）《关于同意上海晶 丰明源半导体股份有限公司首次公开发行股票注册的批复》（证监许可 [2019]1670 号）同意，公司首次 ...

证券代码：688368 证券简称：晶丰明源 公告编号：2023-073 上海晶丰明源半导体股份有限公司 关于召开 2022 年度暨 2023 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、准确性和完整性依法承担法律责任。 重要内容提示： 会议召开时间：2023 年 6 月 16 日(星期五)上午 10:00-11:00 会议召开地点：上证路演中心（网址： http://roadshow.sseinfo.com/） 会议召开方式：网络文字互动 投资者可于 6 月 15 日(星期四)16:00 前通过公司邮箱：IR@bpsemi.com 进行提问。公司将在说明会上对投资者普遍关注的问题进行回答。 上海晶丰明源半导体股份有限公司（以下简称"公司"）已于 2023 年 4 月 8 日发布《公司 2022 年年度报告》，于 2023 年 4 月 26 日发布《公司 2023 年第 一季度报告》。为便于广大投资者更全面深入地了解公司经营成果及财务状况， 公司计划于 2023 年 6 月 16 日(星期五)上午 10:00-11:00 举 ...

Financial Performance - The company reported a revenue of CNY 265.09 million for Q1 2023, a decrease of 12.18% compared to the same period last year[5]. - The net profit attributable to shareholders was a loss of CNY 60.02 million, representing a decline of 422.82% year-on-year[6]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was a loss of CNY 77.44 million, down 112.34% from the previous year[6]. - The company's gross margin for the period was 23.20%, a decrease of 6.57% compared to the same period last year[7]. - The average selling price of products decreased by 33.23% year-on-year, although the shipment volume increased by 31.52%[7]. - Net profit for Q1 2023 was a loss of ¥60,015,308.07, compared to a loss of ¥11,479,192.95 in Q1 2022, indicating a significant decline in profitability[21]. - Basic earnings per share for Q1 2023 were -¥0.95, compared to -¥0.19 in Q1 2022[21]. - The net loss for Q1 2023 was CNY 53,515,247.23, compared to a net profit of CNY 13,238,945.97 in Q1 2022, reflecting a significant decline in profitability[28]. - Basic earnings per share for Q1 2023 were -CNY 0.85, compared to 0.21 in Q1 2022, highlighting a negative shift in earnings performance[28]. Research and Development - Research and development expenses totaled CNY 87.05 million, accounting for 32.84% of revenue, an increase of 4.29 percentage points year-on-year[6]. - Research and development expenses for Q1 2023 were ¥87,051,722.89, compared to ¥86,170,679.39 in Q1 2022, showing a slight increase[20]. - R&D expenses increased to CNY 55,385,838.40, up from CNY 54,096,863.39 in the previous year, indicating a focus on innovation[27]. Cash Flow and Liquidity - The net cash flow from operating activities improved to CNY 56.54 million, attributed to better management of long-term prepayments and receivables[8]. - In Q1 2023, the company reported a net cash flow from operating activities of ¥56,538,782.44, a significant improvement compared to a net cash outflow of ¥293,729,698.94 in Q1 2022[22]. - The company’s cash received from sales of goods and services was ¥262,063,397.77 in Q1 2023, down 11.2% from ¥295,118,857.87 in Q1 2022[22]. - The company’s cash outflow for purchasing goods and services was ¥110,824,507.99 in Q1 2023, a decrease of 78.1% compared to ¥504,962,462.75 in Q1 2022[22]. - The company’s net cash flow from financing activities was ¥46,501,174.98 in Q1 2023, down from ¥90,499,706.02 in Q1 2022[23]. - Operating cash flow for Q1 2023 was RMB 151,347,795.73, a significant improvement from a negative RMB 292,449,778.27 in Q1 2022, indicating a turnaround in operational efficiency[31]. - Total cash inflow from operating activities reached RMB 367,577,304.47, compared to RMB 324,072,007.48 in the same period last year, reflecting a year-over-year increase of approximately 13.5%[31]. - Cash outflow from operating activities decreased to RMB 216,229,508.74 from RMB 616,521,785.75, marking a reduction of about 65%[31]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 2.49 billion, a decrease of 0.86% from the end of 2022[6]. - Total assets as of Q1 2023 were ¥2,494,708,177.98, a slight decrease from ¥2,516,320,053.51 in the previous year[18]. - Total liabilities increased to ¥1,003,409,888.00 in Q1 2023 from ¥989,713,759.07 in Q1 2022[18]. - The total liabilities increased to CNY 1,049,244,866.69 from CNY 996,413,764.97, indicating a rise in financial obligations[27]. - The company's total equity decreased to CNY 1,701,619,084.93 from CNY 1,730,788,208.90, showing a reduction in shareholder value[27]. - Current liabilities remained stable at RMB 679,454,283.39, consistent with the previous reporting period[34]. - Total liabilities amounted to CNY 989,713,759.07, a decrease of CNY 10,970,318.47 from the previous total of CNY 1,000,684,077.54[35]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 6,259[13]. - The top shareholder, Hu Liqiang, holds 16,564,500 shares, representing 26.33% of the total shares[13]. - The top three shareholders collectively hold 66.81% of the shares, indicating a high concentration of ownership[13]. - The company has no preferred shareholders with restored voting rights as of the reporting date[13]. Other Information - The company launched a restricted stock incentive plan in Q1 2023, incurring share-based payment expenses of CNY 24 million[7]. - The company has not disclosed any new product or technology developments in this report[15]. - There are no significant mergers or acquisitions reported during the quarter[15]. - The company has adopted new accounting standards starting in 2023, which may impact future financial reporting and analysis[32]. - The company is expected to continue investing in R&D and exploring market expansion opportunities despite the current financial challenges[27].