Investment Rating - The report maintains a "Buy" investment rating for the company [6] Core Insights - The company achieved a record high revenue of 4.30 billion yuan in the first half of 2024, representing a year-on-year growth of 37.85%. However, the net profit decreased by 84.66% year-on-year due to various factors including increased stock payment expenses and higher R&D investments [4][6] - The company has implemented a proactive counter-cyclical expansion strategy, with the new production capacity being effectively utilized, particularly in the testing bases located in Shanghai and Wuxi [4][6] - The company has established a complete R&D system, enabling it to maintain a leading position in the industry with over 200 clients, including well-known firms such as ZTE Microelectronics and SMIC [5][6] Financial Performance Summary - In Q2 2024, the company reported a single-quarter revenue of 2.46 billion yuan, marking a historical high [4] - The company forecasts revenues of 11.20 billion yuan, 13.27 billion yuan, and 16.12 billion yuan for 2024, 2025, and 2026 respectively, with corresponding EPS of 1.36 yuan, 2.15 yuan, and 2.76 yuan [6][8] - The projected growth rates for revenue are 52.0% in 2024, 18.6% in 2025, and 21.5% in 2026 [8]

Financial Performance - The company reported a revenue of RMB 500 million for the first half of 2024, representing a year-on-year increase of 25%[7]. - The company achieved a revenue of RMB 429.92 million in the first half of 2024, representing a year-on-year increase of 37.85% compared to RMB 311.88 million in the same period last year[11]. - The company has set a performance guidance for the second half of 2024, expecting revenue to reach RMB 600 million, a 20% increase compared to the first half[7]. - The net profit attributable to shareholders was RMB 10.86 million, a decrease of 84.66% from RMB 70.76 million in the previous year[11]. - The net profit after deducting non-recurring gains and losses was RMB 4.22 million, down 91.99% from RMB 52.65 million year-on-year[11]. - The company reported a significant decrease in investment income, down 79.47% to ¥1,940,819.95 from ¥9,451,855.22, due to reduced returns from financial products[65]. - The total comprehensive income for the first half of 2024 was ¥10,856,629.28, down 84.7% from ¥70,763,441.25 in the same period of 2023[139]. Research and Development - Research and development expenses increased by 30%, totaling RMB 100 million, reflecting the company's commitment to innovation[7]. - Research and development expenses totaled RMB 64.50 million, a significant increase of 66.77% year-on-year, with RMB 14.96 million attributed to share-based payment expenses[13]. - The company plans to enhance its research and development efforts in high-performance chips and automotive-grade reliability chips[13]. - The company is focusing on high-performance chip testing technologies, with significant investments in chip testing for automotive and industrial-grade applications[38]. - The company has achieved a total of 16 invention patents, 83 utility model patents, and 63 software copyrights as of the report date, reflecting its strong commitment to R&D[36]. - The company has established a strong R&D team with an average experience of over 5 years, ensuring a leading position in technology[46]. Market Expansion and Strategy - The company has outlined a strategic goal to enter the European market by 2025, aiming for a 10% market share within three years[7]. - The company plans to launch two new semiconductor products by Q4 2024, targeting a market expansion of 20% in the next fiscal year[7]. - The company is positioning itself as a key supplier for high-end chip testing, catering to the growing demand in strategic emerging industries such as AI and 5G[52]. - The independent third-party testing market in mainland China is expected to grow at a double-digit rate, reaching 74 billion yuan by 2027[19]. - The global semiconductor market is projected to grow by 16% year-on-year in 2024, with an expected market size of $687 billion by 2025[18]. Operational Efficiency - The gross profit margin improved to 40%, up from 35% in the same period last year[7]. - The company reported a net cash flow from operating activities of RMB 202.41 million, an increase of 12.94% compared to RMB 179.22 million in the same period last year[11]. - The company’s production capacity utilization rates have reached a satisfactory level, particularly in its Shanghai and Wuxi testing bases since June 2024[52]. - The company has implemented a fully automated testing production management system, improving testing efficiency and significantly reducing errors during testing[34]. Risks and Challenges - The company has identified potential risks related to supply chain disruptions and is implementing measures to mitigate these risks[3]. - The company faces risks related to the inability to maintain growth in operating performance, with potential impacts from industry cycles and competition[58]. - The integrated circuit industry is experiencing a slowdown, which could adversely affect the company's performance despite its efforts to expand high-end testing capacity[61]. - The company is heavily reliant on imported testing equipment, which poses risks if international trade tensions escalate[58]. Environmental and Social Responsibility - The company implemented energy-saving measures, including replacing traditional compressors with energy-efficient models, saving approximately 20 KWH per hour[83]. - The company has installed photovoltaic power generation devices on some rooftops to increase the use of clean energy[83]. - The company strictly adheres to environmental laws and regulations, promoting waste sorting and recycling among employees[80]. - The company reduced carbon emissions by 551 tons through various carbon reduction measures[81]. Shareholder and Governance - The board of directors confirmed that there are no non-operational fund occupations by controlling shareholders[3]. - Major shareholders have expressed a long-term positive outlook on the company's industry, indicating intentions to hold shares[87]. - The company has established commitments to avoid and reduce related party transactions, ensuring fair and reasonable pricing based on market standards[100]. - The company will adhere to strict disclosure obligations regarding any share reductions by its directors and senior management[89]. Financial Position - The total assets at the end of the reporting period were RMB 4.00 billion, an increase of 11.00% from RMB 3.61 billion at the end of the previous year[11]. - The company’s total liabilities increased to RMB 1,537,846,049.24, up from RMB 1,149,437,279.95, indicating a rise of approximately 34%[133]. - The company’s cash and cash equivalents decreased to RMB 178,738,820.89 from RMB 251,954,753.86, primarily due to increased capital expenditures[67]. - The company’s inventory increased by 49.43% to RMB 7,012,320.28 from RMB 4,692,584.80, driven by an increase in turnover materials[67].

上海伟测半导体科技股份有限公司 章程 2024 年 8 月 | 第一章 | 总则 | 1 | | --- | --- | --- | | 第二章 | 经营宗旨和范围 | 2 | | 第三章 | 股份 | 2 | | 第一节 | 股份发行 | 2 | | 第二节 | 股份增减和回购 | 3 | | 第三节 | 股份转让 | 5 | | 第四章 | 股东和股东大会 | 5 | | 第一节 | 股东 | 5 | | 第二节 | 股东大会的一般规定 | 8 | | 第三节 | 股东大会的召集 | 11 | | 第四节 | 股东大会的提案与通知 | 12 | | 第五节 | 股东大会的召开 | 14 | | 第六节 | 股东大会的表决和决议 | 17 | | 第五章 | 董事会 | 21 | | 第一节 | 董事 | 21 | | 第二节 | 董事会 | 24 | | 第六章 | 总经理及其他高级管理人员 | 29 | | 第七章 | 监事会 | 31 | | 第一节 | 监事 | 31 | | 第二节 | 监事会 | 32 | | 第八章 | 财务会计制度、利润分配和审计 | 33 | | 第一节 | 财务会计制度 ...

证券代码：688372 证券简称：伟测科技 公告编号：2024-053 上海伟测半导体科技股份有限公司 第二届董事会第十次会议决议公告 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、准确性和完整性依法承担法律责任。 一、董事会会议召开情况 监事会对本项议案发表了同意的意见。 1 具体内容详见公司于 2024 年 8 月 30 日 在 上 海 证 券 交 易 所 网 站 （www.sse.com.cn）上披露的《2024 年半年度募集资金存放与使用情况专项报告》。 表决结果：9 票同意，0 票反对，0 票弃权。 上海伟测半导体科技股份有限公司（以下简称"公司"）第二届董事会第十 次会议于 2024 年 8 月 29 日以现场及通讯相结合的方式召开。本次会议通知已于 2024 年 8 月 19 日以电子邮件的方式发出。本次会议由公司董事长骈文胜先生主 持，本次会议应出席董事 9 名，实际出席董事 9 名。本次会议的召集、召开方式 符合有关法律、法规和《公司章程》的规定。 二、董事会会议审议情况 1、审议通过《关于<公司 2024 年半年度报告>及其摘要的议案 ...

股票代码: 688372 股票简称: 伟测科技 平安证券股份有限公司 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 之 上市保荐书 保荐机构(主承销商) 本空证券 PING AN SECURITIES （深圳市福田区福田街道益田路 5023 号平安金融中心 B 座第 22-25 层 ) 二〇二四年八月 声 明 平安证券股份有限公司（以下简称"保荐机构"、"本保荐机构"或"平安证 券"）及具体负责本次证券发行上市项目的保荐代表人已根据《中华人民共和国 公司法》《中华人民共和国证券法》等法律、法规和中国证监会及上海证券交易 所的有关规定，诚实守信，勤勉尽责，严格按照依法制订的业务规则和行业自律 规范出具本上市保荐书，并保证本上市保荐书的真实、准确、完整。 如无特别说明，本上市保荐书中所有简称和释义，均与《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募集说明书》一致。 3-2-1 | 声 明. | | --- | | 日求 | | 第一节 本次证券发行基本情况 … | | 一、发行人概况… | | 二、发行人存在的主要风险因素………………………………………………………………… ...

上海市锦天城律师事务所 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的 法律意见书 地址：上海市浦东新区银城中路 501 号上海中心大厦 11/12 层 电话：021-20511000 传真：021-20511999 邮编：200120 | | 声明事项 1 | | --- | --- | | 释 | 义 3 | | 正 | 文 5 | | 一、 | 本次发行的批准和授权 5 | | 二、 | 发行人本次发行的主体资格 5 | | 三、 | 发行人本次发行的实质条件 6 | | 四、 | 发行人的设立 10 | | 五、 | 发行人的独立性 11 | | 六、 | 发行人的发起人、前十大股东、控股股东及实际控制人 12 | | 七、 | 发行人的股本及其演变 14 | | 八、 | 发行人的业务 14 | | 九、 | 关联交易及同业竞争 14 | | 十、 | 发行人的主要财产 16 | | 十一、 | 发行人的重大债权债务 16 | | 十二、 | 发行人的重大资产变化及收购兼并 17 | | 十三、 | 发行人公司章程的制定与修改 17 | | 十四、 | 发行人股东大会、董事会、 ...

上海伟测半导体科技股份有限公司 （Shanghai V-Test Semiconductor Tech. Co., Ltd.） （住所：上海市浦东新区东胜路 38 号 A 区 2 栋 2F） 向不特定对象发行可转换公司债券 募集说明书 （申报稿） 保荐机构（主承销商） 股票简称：伟测科技 股票代码：688372 （深圳市福田区福田街道益田路 5023 号平安金融中心 B 座第 22-25 层） 二〇二四年八月 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募集说明书 声 明 中国证监会、交易所对本次发行所作的任何决定或意见，均不表明其对申 请文件及所披露信息的真实性、准确性、完整性作出保证，也不表明其对发行 人的盈利能力、投资价值或者对投资者的收益作出实质性判断或保证。任何与 之相反的声明均属虚假不实陈述。 根据《证券法》的规定，证券依法发行后，发行人经营与收益的变化，由 发行人自行负责。投资者自主判断发行人的投资价值，自主作出投资决策，自 行承担证券依法发行后因发行人经营与收益变化或者证券价格变动引致的投资 风险。 1-1-1 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募 ...

证券代码：688372 证券简称：伟测科技 公告编号：2024-052 上海伟测半导体科技股份有限公司 关于向不特定对象发行可转换公司债券申请 获得上海证券交易所受理的公告 2024 年 8 月 7 日 1 上海伟测半导体科技股份有限公司（以下简称"公司"）于 2024 年 8 月 6 日收到上海证券交易所出具的《关于受理上海伟测半导体科技股份有限公司科创 板上市公司发行证券申请的通知》（上证科审（再融资）[2024]82 号），上海证 券交易所对公司报送的科创板上市公司发行证券的募集说明书及相关申请文件 进行了核对，认为该项申请文件齐备，符合法定形式，决定予以受理并依法进行 审核。 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海证券交易所 审核，并获得中国证券监督管理委员会（以下简称"中国证监会"）作出同意注 册的决定后方可实施，最终能否通过上海证券交易所审核，并获得中国证监会同 意注册的决定及其时间尚存在不确定性。公司将根据该事项的进展情况，按照相 关规定和要求及时履行信息披露义务，敬请广大投资者注意投资风险。 特此公告。 上海伟测半导体科技股份有限公司 董事会 本公司董事会及全体董事保证本公告内 ...

证券代码：688372 证券简称：伟测科技 平安证券股份有限公司 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 之 发行保荐书 保荐机构（主承销商） （深圳市福田区福田街道益田路 5023 号平安金融中心 B 座第 22-25 层） 二〇二四年八月 声 明 平安证券股份有限公司（以下简称"保荐机构"、"本保荐机构"或"平安证 券"）接受上海伟测半导体科技股份有限公司（以下简称"发行人"、"伟测科技" 或"公司"）委托，担任伟测科技向不特定对象发行可转换公司债券（以下简称 "本次发行"）的保荐机构，就发行人本次发行出具发行保荐书。 本保荐机构及指定的保荐代表人根据《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》"）《证券发行上 市保荐业务管理办法》《上市公司证券发行注册管理办法》（以下简称"《注册管 理办法》"）等有关规定、上海证券交易所颁布的《上海证券交易所上市公司证券 发行上市审核规则》（以下简称"《上市审核规则》"）的规定，诚实守信，勤勉尽 责，严格按照依法制订的业务规则、行业执业规范和道德准则，经过尽职调查和 审慎核查，出具本发行保 ...

股票代码: 688372 保荐机构(主承销商) 本空证券 PING AN SECURITIES （深圳市福田区福田街道益田路 5023 号平安金融中心 B 座第 22-25 层 ) 二〇二四年八月 股票简称: 伟测科技 平安证券股份有限公司 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 之 上市保荐书 声 明 平安证券股份有限公司（以下简称"保荐机构"、"本保荐机构"或"平安证 券"）及具体负责本次证券发行上市项目的保荐代表人已根据《中华人民共和国 公司法》《中华人民共和国证券法》等法律、法规和中国证监会及上海证券交易 所的有关规定，诚实守信，勤勉尽责，严格按照依法制订的业务规则和行业自律 规范出具本上市保荐书，并保证本上市保荐书的真实、准确、完整。 如无特别说明，本上市保荐书中所有简称和释义，均与《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募集说明书》一致。 3-2-1 | 声 明. | | --- | | 日求 | | 第一节 本次证券发行基本情况 … | | 一、发行人概况… | | 二、发行人存在的主要风险因素………………………………………………………………… ...