关于上海伟测半导体科技股份有限公司 向不特定对象发行可转换公司债券申请文件的 审核问询函中有关财务事项的说明 目 录 | 一、关于融资规模和效益测算…………………………………第 | 1—21 | 页 | | --- | --- | --- | | 二、关于经营业绩………………………………………………第 | 21—38 | 页 | | 三、关于应收账款………………………………………………第 | 38—41 | 页 | | 四、关于固定资产和在建工程…………………………………第 | 41—46 | 页 | | 五、关于财务性投资……………………………………………第 | 46—53 | 页 | | 六、关于其他……………………………………………………第 | 53—55 | 页 | 关于上海伟测半导体科技股份有限公司 向不特定对象发行可转换公司债券申请文件的 审核问询函中有关财务事项的说明 天健函〔2024〕6-78号 上海证券交易所： 由平安证券股份有限公司转来的《关于上海伟测半导体科技股份有限公司向 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） 〔2024〕90 号，以下简称审核问询函） ...

Investment Rating - The report maintains a "Buy" rating for the company [1] Core Insights - The company achieved a record high revenue of 740 million yuan in Q3 2024, representing a year-over-year increase of 43.62%. The net profit attributable to shareholders was 62 million yuan, down 30.81% year-over-year [1] - High-end products significantly boosted the gross margin to 42.45%, with a quarter-over-quarter increase of 12.39 percentage points [1] - The company plans to issue convertible bonds to raise up to 1.175 billion yuan for expanding high-end testing capacity [1] Financial Performance Summary - Total revenue for 2023 was 737 million yuan, with a projected increase to 1,016 million yuan in 2024, reflecting a year-over-year growth rate of 37.9% [2] - The net profit for 2023 was 118 million yuan, expected to rise to 133 million yuan in 2024, with a year-over-year growth of 12.5% [2] - The gross margin is projected to improve from 39.0% in 2023 to 39.8% in 2024 [2] Market Data - As of October 25, 2024, the closing price was 63.23 yuan, with a market capitalization of 4,904 million yuan [3] - The stock has a price-to-earnings ratio of 61 and a price-to-book ratio of 2.8 [3][4] Earnings Forecast - The company forecasts net profits of 133 million yuan, 210 million yuan, and 311 million yuan for 2024, 2025, and 2026 respectively, with corresponding price-to-earnings ratios of 54, 34, and 23 [2][7]

Investment Rating - The report upgrades the investment rating to "Buy" for the company, indicating an expected stock price increase of over 15% relative to the industry index within the next six months [11]. Core Views - The company's profitability has significantly recovered in Q3 2024, with a notable increase in the proportion of high-end testing services, which provides long-term growth momentum [2][4]. - The demand for high-end testing has increased due to the recovery in the semiconductor industry, particularly for high-performance chips such as CPUs, GPUs, and AI chips [2][4]. - The company is expanding its high-end testing capacity and increasing R&D investment to address the challenges in testing high-end chips, positioning itself as a key supplier in the domestic market [2][4]. Financial Performance Summary - Revenue for Q3 2024 reached 310 million yuan, a year-on-year increase of 52.47% and a quarter-on-quarter increase of 26.03% [1]. - The gross margin for Q3 2024 was 42.45%, up 3.08 percentage points year-on-year, while the net margin was 16.48%, up 7.21 percentage points year-on-year [2]. - The company reported a net profit of 51 million yuan in Q3 2024, a year-on-year increase of 171.09% and a quarter-on-quarter increase of 358.34% [1][2]. Revenue and Profit Forecast - The company forecasts revenues of 1.07 billion yuan for 2024, 1.3 billion yuan for 2025, and 1.59 billion yuan for 2026, with corresponding net profits of 130 million yuan, 235 million yuan, and 295 million yuan respectively [1][4]. - The expected EPS for 2024, 2025, and 2026 are 1.14 yuan, 2.07 yuan, and 2.59 yuan respectively [4][6]. Market Outlook - The integrated circuit testing market in mainland China is expected to continue growing at a double-digit rate, reaching 74 billion yuan by 2027 [4]. - The company is well-positioned to benefit from the high demand for high-end testing services and the ongoing domestic substitution process in the semiconductor industry [4].

Core Viewpoint - Rui Ming Technology (002970) focuses on L2 autonomous driving with an emphasis on AEBS solutions, while currently not engaging in higher-level autonomous driving such as L4 [1] Group 1: Business Focus - The company is concentrating on L2 autonomous driving, specifically with AEBS as the core technology [1] - AEBS solutions have already been implemented and sold, primarily in the public transport and taxi sectors, with significant growth potential in overseas markets [1] Group 2: Strategic Approach - The company is actively monitoring the development and application of advanced autonomous driving technologies [1] - A comprehensive and cautious approach is taken regarding the development strategy for higher-level autonomous driving, considering technology accumulation and company strategy [1]

Group 1 - A new company, Ningdu Haida Biotechnology Co., Ltd., has been established with a registered capital of 12 million yuan [1] - The legal representative of the company is Feng Yuan [1] - The business scope includes sales of feed raw materials, livestock and fishery feed, feed additives, and procurement of primary agricultural products [1] Group 2 - The company is jointly held by Haida Group (002311) and Jiangxi Huida Industrial Co., Ltd. [1]

市场竞争激烈的2024年，比亚迪前三季度累计销售274.9万辆，完成全年目标的近80%，这主要得益于 年内推出的新车型，在各个细分市场均成为爆款。 比亚迪汽车海洋网销售事业部总经理张卓表示，海豹06GT是海豹系列的最新成员，属于年轻人的第一 台GT，将以整车高价值开创纯电GT新时代。 在燃油车时代，经典的两厢车凭借独特的差异化价值，创造过属于自己的辉煌，如大众高尔夫GT和福 特福克斯两厢版等。 但进入新能源时代，由于纯电动汽车需要平衡性能与续航等问题，GT车型尚难以脱颖而出，这给掌 握"三电"核心技术的比亚迪以极大机会。 在多个细分市场打造出 "爆款"车型之后，比亚迪将产品序列拓展至GT领域。 10月18日，比亚迪海豹06GT上市，共提供505KM、605KM和550KM三种续航的四款车型，售价区间为 13.68万-18.68万元。 新车基于比亚迪e平台3.0 Evo打造，搭载超13项比亚迪全球首创技术，满足年轻用户多元化用车场景， 充分展示未来出行的全新理念。 "海豹06GT是海豹系列的最新成员，属于年轻人的第一台GT。 "比亚迪汽车海洋网销售事业部总经理张卓表示，凭借比亚迪全球首创的硬核技术，海洋美学设计 ...

点赞分享捷邦科技再度涨停，5个交易日内录得4个涨停，累计涨幅为102.48%，累计换手率为 195.54%。 截至10:27，该股今日成交量673.65万股，成交金额4.86亿元，换手率25.07%。 最新A股总市值达56.01亿元，A股流通市值20.85亿元。 证券时报•数据宝统计，两融数据来看，该股最新（10月18日）两融余额为9696.41万元，其中，融资余 额9669.26万元，较前一个交易日增加1668.49万元，环比增长20.85%，近5日累计增加3955.60万元，环 比增长69.23%。 龙虎榜数据显示，该股因连续3个交易日内日收盘价格涨幅偏离值累计达30%、日换手率达30%、日收 盘价涨幅达15%上榜龙虎榜2次，买卖居前营业部中，机构净卖出177.82万元，营业部席位合计净卖出 1281.31万元。 8月23日公司发布的半年报数据显示，上半年公司共实现营业总收入3.43亿元，同比增长5.03%，实现净 利润-565.24万元，同比增长44.35%。 （数据宝）近日该股表现日期当日涨跌幅（%）换手率（%）主力资金净流入（万元） 2024.10.1820.0145.46-2343.182024. ...

证券时报e公司讯，企查查APP显示，近日，时代骐骥绿色能源科技（深圳）有限公司成立，法定代表 人为陈士超，注册资本3000万元，经营范围含新兴能源技术研发、新能源汽车换电设施销售、在线能源 计量技术研发、合同能源管理等。 企查查股权穿透显示，该公司由宁德时代(300750)旗下时代骐骥数字科技（上海）有限公司全资持股。 ...

证券时报e公司讯，图南股份(300855)在机构调研时表示，公司大型高温合金复杂薄壁精密铸件主要应 用于航空发动机关键部件的制造。 公司该类产品在国内率先采用国际先进近净形熔模精密铸造技术，产品精度和尺寸规格国内领先。 公司精密铸件产品尺寸精度高、加工余量小、壁厚薄，已形成为航空发动机制造企业稳定供货的能力。 ...

10月17日，第十一届"十如对话"在桂林的溢达可持续发展园林——十如举行。 本届对话以"迈向可持续福祉"为主题，聚焦供应链、自然与文化、社会与经济创新以及教育四大关键领 域。 汇聚来自不同领域的数十位专家学者、政策制定者及商界领袖，共同讨论如何在经济发展、社会进步与 环境保护之间找到新的平衡点，以实现长期的可持续福祉。 百胜中国首席执行官屈翠容应邀在"CEO视角"环节中分享了百胜中国在ESG实践方面的战略与实践。 她指出，百胜中国的可持续发展的三大支柱包括人、食品和环境，其中最重要的是就是"人"。 必须要确保公司的良好运营带领全体员工一起前进。 "大事缓做"，以长期主义的精神推动ESG战略的实施。 食物浪费是一个全球性问题。 作为中国最大的餐饮公司，百胜中国从供应链到门店都在采用创新的方法，进一步减少食物的损耗。 2020年，百胜中国推出了"食物驿站"项目，将餐厅未售完且尚在保质期内的余量食物免费分发给有需要 的社区居民。 在此次会议中，屈翠容特别提及了该项目的艰难历程。 她表示整个项目在实施的过程中，遭遇到了相当大的内部阻力和外部的质疑，公司花了7年才逐步克服 困难，并在全国推行该项目。 目前该项目已经覆盖 ...