财联社11月28日电，振华风光公告称，公司持股5%以上股东深圳市正和兴电子有限公司因自身经营需 要，拟减持公司股份合计不超过600万股，不超过公司总股本的3%。 减持计划将于减持计划公告披露之日起15个交易日之后的3个月内进行。 深圳正和兴当前持股来源为公司首次公开发行前取得的股份。 ...

北京市中伦律师事务所 关于贵州振华风光半导体股份有限公司 2024 年第二次临时股东大会的 法律意见书 致：贵州振华风光半导体股份有限公司 北京市中伦律师事务所（以下简称"本所"）接受贵州振华风光半导体股份 有限公司（以下简称"公司"）委托，指派律师见证公司 2024 年第二次临时股 东大会（以下简称"本次股东大会"）。本所律师根据《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》"）、《上市公司股东大会规则》（以下简称"《股东大会规则》"）、《律 师事务所从事证券法律业务管理办法》等相关法律、行政法规及《贵州振华风光 半导体股份有限公司章程》（以下简称"《公司章程》"）的规定，对本次股东 大会的相关事项进行见证并出具法律意见。 为出具本法律意见书，本所律师审查了公司本次股东大会的有关文件和材料。 本所律师出具本法律意见书基于公司向本所律师提供的一切原始材料、副本、复 印件等材料、口头证言均是真实、准确、完整和有效的，不存在隐瞒记载、虚假 陈述或重大遗漏，有关文件的印章和签字均真实、有效，有关副本、复印件等材 料均与原始材料一致。 在本法律意见书中，本所律师 ...

证券代码：688439 证券简称：振华风光 公告编号：2024-049 贵州振华风光半导体股份有限公司 2024 年第二次临时股东大会决议公告 本公司董事会及全体董事保证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： 本次会议是否有被否决议案：无 一、 会议召开和出席情况 （一） 股东大会召开的时间：2024 年 11 月 15 日 （二） 股东大会召开的地点：贵州省贵阳市乌当区新添大道北段 238 号公司三 楼会议室 （三） 出席会议的普通股股东、特别表决权股东、恢复表决权的优先股股东及 其持有表决权数量的情况： | 1、出席会议的股东和代理人人数 | 90 | | --- | --- | | 普通股股东人数 | 90 | | 2、出席会议的股东所持有的表决权数量 | 139,638,895 | | 普通股股东所持有表决权数量 | 139,638,895 | | 3、出席会议的股东所持有表决权数量占公司表决权数量的 | 69.8194 | | 比例（%） | | | 普通股股东所持有表决权数量占公司表决权数量的比例 | 69.819 ...

证券代码：688439 证券简称：振华风光 贵州振华风光半导体股份有限公司 投资者关系活动记录表 编号：2024-007 | --- | --- | --- | |----------------|-----------------------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------| | | 特定对象调研 | 分析师会议 | | 投资者关系活动 | □媒体采访 | 业绩说明会 | | 类别 | □新闻发布会 | □路演活动 | | | 现场参观 | | | | □其他 | | | 参与单位名称 | 公司、建信基金管理有限责任公司 | 交银施罗德基金管理有限公司、兴证全球基金管理有限公司、 物产中大集团投资有限公司、东方证券股份有限公司、广发基 金管理有限公司、永赢基金管理有限公司、方正证券股份有 ...

(一)会议召开时间：2024年11月12日(星期二)上午9:00-10:00 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。 会议召开时间：2024年11月12日(星期二)上午9:00-10:00 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：上证路演中心图文展示和网络文字互动问答 投资者可于2024年11月5日(星期二)至11月11日(星期一)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")已于2024年10月30 日发布公司2024年第三季度报告。为便于广大投资者更全面深入地了解公司 2024年第三季度经营成果、财务状况等具体情况，公司计划于2024年11月12日( 星期二)上午9:00-10:00举行2024年第三季度业绩说明会，就 ...

Investment Rating - The investment rating for the company is "Buy" (maintained) [1] Core Views - The company reported a revenue of 792 million yuan for the first three quarters of 2024, a year-on-year decrease of 18.74%, and a net profit attributable to shareholders of 248 million yuan, down 37.96% year-on-year [3] - The company's performance is under short-term pressure due to overall market demand decline, customer inventory reduction, changes in tax incentive policies, and product price reductions [4] - The company has launched multiple new products that have passed user trials but have not yet generated orders, contributing to the revenue decline [4] - The profit decline is attributed to three factors: a decrease in revenue, a reduction in gross margin due to tax policy changes and price cuts, and an increase in credit impairment losses due to rising receivables [4] Financial Forecasts - The profit forecast for the company has been adjusted, with expected net profits for 2024, 2025, and 2026 being 378 million yuan, 462 million yuan, and 566 million yuan respectively, reflecting growth rates of -38.0%, 22.0%, and 22.5% [5] - Corresponding P/E ratios are projected to be 29.18, 23.91, and 19.51 for the years 2024, 2025, and 2026 [5] Key Financial Metrics - For 2024, the expected revenue is 1,091 million yuan, a year-on-year decrease of 15.9%, with a net profit of 378 million yuan, down 38.0% year-on-year [7] - The gross margin is expected to decrease to 67.9% in 2024 from 74.5% in 2023 [7] - The return on equity (ROE) is projected to decline to 7.4% in 2024 from 12.9% in 2023 [7]

Investment Rating - The report maintains a "Recommended" rating for the company, indicating a positive outlook based on its market position and product capabilities [1][3]. Core Views - The company experienced a decline in revenue and net profit in Q3 2024, with revenue of 1.82 billion yuan, down 44.52% year-on-year, and a net profit of 0.17 billion yuan, down 87.76% year-on-year. This decline is attributed to poor market conditions and customer inventory reduction [1]. - Despite the short-term pressure on performance, the company is accelerating new product development to address market challenges and has launched over 60 new products in the first half of 2024 [1]. - The company is enhancing its technical team to explore market growth opportunities, focusing on new products and customer segments to strengthen its market presence [1]. Financial Performance Summary - For the first three quarters of 2024, the company reported total revenue of 7.92 billion yuan, a decrease of 18.74% year-on-year, and a net profit of 2.48 billion yuan, down 37.36% year-on-year [1]. - The gross margin for Q3 2024 was 66.98%, a decrease of 3.93 percentage points year-on-year, influenced by product price reductions [1]. - The projected net profits for 2024, 2025, and 2026 are 4.37 billion yuan, 6.40 billion yuan, and 8.64 billion yuan, respectively, with year-on-year growth rates of -28.5%, 46.6%, and 34.9% [1][4]. Product Development and Market Strategy - The company is focusing on high-reliability integrated circuits, with products used across various sectors including aerospace and automotive, meeting stringent performance requirements [1]. - New product highlights include advancements in amplifier technology and magnetic encoding chips, which are expected to enhance the company's competitive edge [1]. - The company is committed to increasing R&D investment to drive product performance upgrades and maintain its leadership in the industry [1].

Investment Rating - The report maintains a "Buy" rating for the company [1][2][19]. Core Views - The company reported a significant decline in revenue and profit for Q3 2024, with revenue of 182 million (down 44.5% year-on-year and down 30.6% quarter-on-quarter) and a net profit of 17 million (down 87.8% year-on-year and down 81.3% quarter-on-quarter) [1][8]. - The overall market demand has decreased, leading to pressure on product prices, which has adversely affected the company's performance [1][8]. - The gross margin has declined year-on-year, attributed to the pressure on product prices, with a gross margin of 67.0% in Q3 2024 (down 3.9 percentage points year-on-year) [1][10]. - The company is actively expanding its product offerings to capture market share despite the current challenges [1][2]. Summary by Sections Revenue and Profit - For the first three quarters of 2024, the company achieved a revenue of 792 million (down 18.7% year-on-year) and a net profit of 248 million (down 37.4% year-on-year) [1][8]. - The Q3 2024 revenue and net profit figures indicate a significant decline, reflecting the challenging market conditions [1][8]. Market Conditions - The report highlights a general decline in market demand, which has led to inventory destocking by customers and subsequent pressure on product pricing [1][8]. - The company is responding to these market conditions by launching multiple new products to enhance its market presence [1][2]. Financial Metrics - The gross margin for Q1-Q3 2024 was reported at 67.3% (down 4.1 percentage points year-on-year), while the net profit margin was 31.4% (down 9.3 percentage points year-on-year) [1][10]. - In Q3 2024, the gross margin was 67.0% (down 3.9 percentage points year-on-year, up 5.0 percentage points quarter-on-quarter), and the net profit margin was 9.4% (down 33.3 percentage points year-on-year, down 25.5 percentage points quarter-on-quarter) [1][10]. Capacity and Investment - The company has seen a significant increase in fixed assets and construction in progress, with fixed assets at 335 million (up 46.88% from the end of the previous year) and construction in progress at 176 million (up 993.49% from the end of the previous year) [1][11]. - The ongoing investment projects are expected to support the company's long-term capacity and growth [1][11].

证券代码：688439 证券简称：振华风光 公告编号：2024-045 贵州振华风光半导体股份有限公司 第二届董事会第三次会议决议公告 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 贵州振华风光半导体股份有限公司（以下简称"公司"）第二届董事会第三 次会议于 2024 年 10 月 29 日 10 时以通讯方式召开。本次会议通知于 2024 年 10 月 19 日以书面及电子邮件等方式通知全体董事。会议由董事长朱枝勇先生主持， 会议应到董事 7 人，实到董事 7 人。本次会议的召集和召开、表决方式、决议内 容符合《中华人民共和国公司法》《上海证券交易所科创板股票上市规则》等相 关法律法规、规范性文件及《贵州振华风光半导体股份有限公司章程》的相关规 定，会议决议合法有效。 二、董事会会议审议情况 与会董事认真审议本次会议相关议案，以书面记名投票表决方式作出如下决 议： （一）审议通过《2024 年第三季度报告》 表决结果：同意 7 票，反对 0 票，弃权 0 票。 本议案已经公司董事会审计委员会审议 ...