中信证券股份有限公司 关于贵州振华风光半导体股份有限公司 金融服务协议及相关风险控制措施执行情况 的专项核查意见 中信证券股份有限公司（以下简称"中信证券"或"保荐机构"）作为贵州振华 风光半导体股份有限公司（以下简称"振华风光"或"公司"）首次公开发行股票并 在科创板上市的保荐机构，根据《证券发行上市保荐业务管理办法》《上海证券 交易所上市公司自律监管指引第11号——持续督导》《上海证券交易所上市公司 自律监管指引第5号——交易与关联交易》等有关规定，在持续督导期内，对公 司与中国电子财务有限责任公司（以下简称"中电财务公司"）签订的《2022年-2025 年全面金融合作协议》及相关风险控制措施执行情况进行了核查，核查具体情况 如下： 一、金融服务协议条款的完备性 （一）金融服务协议条款内容 根据公司经营发展需要，并经公司第一届董事会第十二次会议、第一届监事 会第五次会议及2022年第四次临时股东大会审议通过，公司与关联方中电财务公 司签署了《2022年-2025年全面金融合作协议》，协议有效期三年。在协议期内， 中电财务公司与公司合作良好。该协议主要条款内容如下： 1、签订主体 甲方：贵州振华风光半导体股 ...

贵州振华风光半导体股份有限公司 募集资金存放与实际使用情况审核报告 大信专审字[2025]第 1-00030 号 大信会计师事务所（特殊普通合伙） WUYIGE CERTIFIED PUBLIC ACCOUNTANTS LLP. 您可使用手机"扫一扫"或进入"注册会计师行业统一监管平台（http://acc.mof.gov.cn】 报告编码:京253SH 机编 100083 WUYIGE Certified Public Accountants.LLP 锋 1 号 Room 2206 22/F, Xueyuan International Tower 学院国际大厦 22 层 2206 No.1 Zhichun Road, Haidian Dist. Beijing, China, 100083 电话 Telephone: +86(10) 82330558 传直 Fax · +86 (10) 82327668 网址 Internet: www.daxincpa.com.cn 募集资金存放与实际使用情况审核报告 大信专审字[2025]第 1-00030 号 贵州振华风光半导体股份有限公司全体股东: 我们接受委托, ...

贵州振华风光半导体股份有限公司 非经营性资金占用及其他关联资金往 来情况汇总表的专项审计报告 大信专审字[2025]第 1-00031 号 大信会计师事务所(特殊普通合伙)_ WUYIGE CERTIFIED PUBLIC ACCOUNTANTS LLP. 您可使用手机"扫一扫"或进入"注册会计师行业统一监管平台（http://ace.mof.eov.cn）"讲 报告编码:京25R8B® 路1层 22 层 2206 WUYIGE Certified Public Accountants.LLP Room 2206 22/F. Xuevuan International Tower No.1 Zhichun Road, Haidian Dist. Beijing, China, 100083 田 i= Telenhone· +86 (10) 82330558 非经营性资金占用及其他关联资金往来情况汇总表的 专项审计报告 大信专审字[2025]第 1-00031 号 贵州振华风光半导体股份有限公司全体股东: 我们接受委托,审计了贵州振华风光半导体股份有限公司(以下简称贵公司)的财务报 表,包括 2024年12 月 ...

中信证券股份有限公司 关于贵州振华风光半导体股份有限公司 2024年度募集资金存放与使用情况的核查意见 中信证券股份有限公司（以下简称"中信证券"或"保荐机构"）作为贵州振 华风光半导体股份有限公司（以下简称"振华风光"或"公司"）首次公开发行 股票并在科创板上市的保荐机构。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》《上海证券交易所科创板上市公司自律监管指 引第1号——规范运作》《科创板上市公司持续监管办法(试行)》及《上市公司监管指 引第2号——上市公司募集资金管理和使用的监管要求(2022年修订)》等有关规 定，对振华风光2024年度募集资金的存放与使用情况进行了核查，具体情况如下： 一、募集资金基本情况 （一）扣除发行费用后的实际募集资金金额、资金到账时间 经中国证券监督管理委员会《关于同意贵州振华风光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〔2022〕1334号）同意注册，并经上海 证券交易所同意，贵州振华风光半导体股份有限公司（以下简称"公司"）首次 向社会公众发行人民币普通股（A股）股票5,000万股，每股面值人民币1.00元， 每股发行价格为人民 ...

中信证券股份有限公司 关于贵州振华风光半导体股份有限公司 2025年度日常关联交易预计的核查意见 中信证券股份有限公司（以下简称"中信证券"或"保荐机构"）作为贵州 振华风光半导体股份公司（以下简称"振华风光"或"公司"）首次公开发行股 票并在科创板上市的保荐机构，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》等相关规定履行持续督导职责，对振华风光 2025 年度日常关联交易预计事项进行了核查，核查情况如下： 一、日常关联交易基本情况 （一）日常关联交易履行的审议程序和专项意见 公司于 2025 年 4 月 18 日召开 2025 年第一次独立董事专门会议，审议通过 了《2025 年度日常关联交易预计的议案》，全体独立董事一致同意通过。独立董 事认为：公司 2024 年度发生的日常关联交易定价公允合理，不存在损害公司及 全体股东利益的情形。公司预计 2025 年度日常关联交易为公司正常生产经营所 需，遵循了平等、自愿、等价、有偿的原则，定价合理、公允，不会对公司及公 司财务状况、经营成果产生不利影响，不会损害公司及全体股东特别是中小股东 利益，不会影响公司的独立性，公司主营业务不会 ...

Financial Performance - The company's operating revenue for 2024 was CNY 1,063,107,423.37, a decrease of 18.04% compared to CNY 1,297,124,405.47 in 2023[22] - Net profit attributable to shareholders for 2024 was CNY 322,537,720.75, down 47.18% from CNY 610,606,050.26 in 2023[22] - The basic earnings per share for 2024 decreased to CNY 1.6127, a decline of 47.18% compared to CNY 3.0530 in 2023[23] - The company's total assets increased to CNY 5,482,189,235.33 in 2024, reflecting a growth of 2.27% from CNY 5,360,467,694.95 in 2023[23] - The net cash flow from operating activities for 2024 was CNY -256,583,931.16, indicating a significant decline compared to CNY -32,355,025.14 in 2023[22] - The weighted average return on equity decreased to 6.69% in 2024, down 7.01 percentage points from 13.71% in 2023[24] - The gross profit margin for the integrated circuit segment was 68.08%, down by 6.47 percentage points compared to the previous year[92] Research and Development - Research and development expenses accounted for 13.54% of operating revenue in 2024, an increase of 1.74 percentage points from 11.80% in 2023[23] - The company applied for 45 new invention patents and completed 43 integrated circuit layout design registrations, showcasing its commitment to innovation[32] - Total R&D expenditure for the year was approximately ¥143.96 million, a decrease of 5.94% from the previous year, while the R&D expenditure as a percentage of revenue increased to 13.54%[63] - The company has developed 20 new key technologies during the reporting period, including advancements in IC design, packaging, and testing technologies[51] - The company is focused on building a chip design platform, process research platform, and packaging testing platform to create a vertically integrated manufacturing baseline for analog circuits[131] Product Development and Innovation - The company launched over 100 new products during the reporting period, significantly increasing the proportion of revenue from new products, which exceeded 100 million RMB[32] - The company successfully added over 60 new high-quality customers, bringing the total number of users to 720[34] - The company achieved a 25dB improvement in adjacent channel leakage ratio (ACLR) for its first RF microwave power amplifier chip, setting a domestic leading standard[42] - The company has developed nearly 20 products with radiation resistance exceeding 100krad(Si), filling a gap in the high-reliability field domestically[42] - The company is developing 24 microwave chips, including amplifiers and low-noise amplifiers, with a focus on wireless communication applications[66] Market and Strategic Outlook - The integrated circuit industry is experiencing a critical transition period, with increasing demand for high-reliability chips driven by national security and emerging industries[44] - The high-reliability integrated circuit market is expected to grow by 18% year-on-year in 2023, with projections to exceed 100 billion yuan by 2025[45] - The company aims to become a leading domestic and internationally recognized supplier of integrated circuits and system integration solutions, focusing on high-reliability analog integrated circuit design, packaging, testing, and sales[130] - The company plans to expand into emerging fields such as artificial intelligence, 5G communication, IoT, smart vehicles, cloud computing, and commercial aerospace to create new growth avenues[130] - Future guidance suggests an optimistic outlook, with expected revenue growth of 15% year-over-year for the next fiscal year[145] Governance and Compliance - The company has received a standard unqualified audit report from Da Xin Accounting Firm[5] - The company has established an investor relations management system to enhance communication with investors through various channels[137] - The company reported no significant differences in governance compared to regulations set by the China Securities Regulatory Commission[138] - The company has not faced any penalties from securities regulatory agencies in the past three years[158] - The company has a total of 6 independent directors, all of whom received a remuneration of 6 million yuan each[143] Environmental, Social, and Governance (ESG) - The company emphasizes high-quality development and technological innovation as part of its ESG strategy for 2024[186] - The company invested 30 million yuan in environmental protection during the reporting period[197] - The company achieved an ESG rating of AA from China Chengxin International Credit Rating Co., Ltd.[195] - The company is not classified as a key pollutant discharge unit and did not face any administrative penalties for environmental issues during the reporting period[198] - The company focuses on social responsibility and community development, actively participating in social welfare initiatives[191] Financial Management and Dividend Policy - The company plans to distribute a cash dividend of 1.63 CNY per 10 shares, totaling 32,600,000 CNY, which accounts for 10.11% of the net profit attributable to shareholders for 2024[6] - The company has a cash dividend policy that aims for a minimum of 30% of the average distributable profit over the last three years to be distributed in cash[176] - The board of directors will determine the specific cash dividend policy based on the company's development stage and financial conditions[176] - The company has established a three-year shareholder return plan that prioritizes cash dividends, especially during the mature phase of development[176] - The company has not proposed a capital reserve transfer to increase share capital or stock dividends for 2024[177]

Financial Performance - The company's operating revenue for Q1 2025 was ¥189,223,791.08, representing a decrease of 45.69% compared to ¥348,416,333.21 in the same period last year[4] - Net profit attributable to shareholders was ¥19,613,954.50, down 85.97% from ¥139,793,081.93 year-on-year[4] - The net profit after deducting non-recurring gains and losses was ¥12,710,016.87, a decline of 90.52% from ¥134,025,825.26 in the previous year[4] - Basic and diluted earnings per share were both ¥0.0981, reflecting an 85.97% decrease compared to ¥0.6990 in the same period last year[5] - The weighted average return on equity decreased by 2.51 percentage points to 0.40% from 2.91% year-on-year[5] - Total operating revenue for Q1 2025 was ¥189,223,791.08, a decrease of 45.7% compared to ¥348,416,333.21 in Q1 2024[18] - Net profit for Q1 2025 was ¥19,587,691.77, a decline of 86.9% from ¥139,131,087.55 in Q1 2024[19] - Basic earnings per share for Q1 2025 were ¥0.0981, compared to ¥0.6990 in Q1 2024[20] Research and Development - Research and development expenses totaled ¥32,044,567.73, accounting for 16.93% of operating revenue, an increase of 7.05 percentage points from 9.88%[5] - Research and development expenses for Q1 2025 were ¥32,044,567.73, compared to ¥34,408,346.82 in Q1 2024, indicating a reduction of 6.9%[19] Assets and Liabilities - The total assets at the end of the reporting period were ¥5,479,369,622.75, a slight decrease of 0.05% from ¥5,482,189,235.33 at the end of the previous year[5] - The total current assets as of March 31, 2025, amounted to CNY 4,720,487,237.63, slightly down from CNY 4,736,682,759.68 as of December 31, 2024, indicating a decrease of approximately 0.34%[14] - Total assets amounted to ¥5,479,369,622.75, slightly down from ¥5,482,189,235.33 in the previous period[16] - Total liabilities decreased to ¥471,955,883.72 from ¥494,363,188.07[16] - The total equity attributable to shareholders of the parent company was ¥4,945,164,666.47, up from ¥4,925,550,711.98[16] Cash Flow - The net cash flow from operating activities was -¥58,893,214.37, compared to -¥95,891,246.52 in the same period last year, indicating an improvement[4] - Cash inflow from investment activities totaled 2,287,788,456.38, up from 1,894,480,546.57, reflecting a significant increase[22] - The net cash flow from investment activities was 1,243,388,098.86, compared to 225,749,534.10 in the previous period, showing a substantial gain[22] - The net increase in cash and cash equivalents was 1,148,035,935.30, compared to 127,204,904.06 in the previous period, demonstrating strong liquidity growth[23] - The ending balance of cash and cash equivalents was 1,580,809,620.94, up from 1,386,235,271.32, reflecting a solid cash position[23] - Total cash outflow from financing activities was 36,458,949.19, compared to 2,653,383.52 in the previous period, indicating increased financial obligations[23] - The cash paid for dividends and interest was 699,237.50, up from 379,545.83, indicating a rise in shareholder returns[23] Operational Challenges - The company experienced a significant decline in revenue due to strict product acceptance processes and a decrease in orders carried over from the previous year[7] - The company has not disclosed any new product developments or technological advancements in the recent earnings call[13] - There are no updates on market expansion or acquisition strategies mentioned in the latest financial report[13] - The company has not indicated any changes in its operational strategies or future outlook during the earnings call[13]

贵州振华风光半导体股份有限公司（以下简称"公司"或"振华风光"）于近日收到中信证券股份有限公司 （以下简称"中信证券"）《关于贵州振华风光半导体股份有限公司首次公开发行股票并在科创板上市项 目变更保荐代表人的函》。中信证券作为公司首次公开发行股票并在科创板上市项目（以下简称"首发 上市项目"）的保荐机构和主承销商，原指定保荐代表人马峥先生、王彬先生负责持续督导工作，持续 督导期至中国证券监督管理委员会和上海证券交易所规定的持续督导义务结束为止。王彬先生因工作调 整，将不再参与公司剩余持续督导期间的持续督导工作。 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。 证券代码：688439 证券简称：振华风光 公告编号：2025-006 为保证后续工作的有序进行，中信证券决定指派保荐代表人石家峥先生（简历见附件）接替王彬先生承 担后续持续督导期间的持续督导工作，继续履行相关职责。本次变更不影响中信证券对公司的持续督导 工作，本次变更后，公司首发上市项目的持续督导保荐代表人为马峥先生和石家峥先生，持续督导期至 中国证券监督管理委员 ...

贵州振华风光半导体股份有限公司（以下简称"公司"或"振华风光"） 于近日收到中信证券股份有限公司（以下简称"中信证券"）《关于贵州振华风 光半导体股份有限公司首次公开发行股票并在科创板上市项目变更保荐代表人 的函》。中信证券作为公司首次公开发行股票并在科创板上市项目（以下简称 "首发上市项目"）的保荐机构和主承销商，原指定保荐代表人马峥先生、王 彬先生负责持续督导工作，持续督导期至中国证券监督管理委员会和上海证券 交易所规定的持续督导义务结束为止。王彬先生因工作调整，将不再参与公司 剩余持续督导期间的持续督导工作。 为保证后续工作的有序进行，中信证券决定指派保荐代表人石家峥先生（ 简历见附件）接替王彬先生承担后续持续督导期间的持续督导工作，继续履行 相关职责。本次变更不影响中信证券对公司的持续督导工作，本次变更后，公 司首发上市项目的持续督导保荐代表人为马峥先生和石家峥先生，持续督导期 至中国证券监督管理委员会和上海证券交易所规定的持续督导义务结束为止。 公司董事会对王彬先生在公司首发上市及持续督导期间所做出的贡献表 示衷心的感谢！ 688439 2025-006 贵州振华风光半导体股份有限公司 关于变更持续 ...

重要内容提示： 贵州振华风光半导体股份有限公司 ● 投资者可于2025年4月24日(星期四)至4月29日(星期二)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irm@semifg.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。 贵州振华风光半导体股份有限公司 (以下简称"公司")将于2025年4月26日发布公司2024年年度报告、 2025年第一季度报告和公司2024年年度利润分配预案的公告。 登录新浪财经APP 搜索【信披】查看更多考评等级 关于召开2024年度暨2025年第一季度业绩 证券代码：688439 证券简称：振华风光 公告编号：2025-005 暨现金分红说明会的公告 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。 (二)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/) （三）会议召开方式：图文展示和网络文字互动问答 三、参加人员 董事、总经理：胡锐先生 为便于广大投资者更加全面深入地了解公司20 ...