Group 1: Event Details - The annual performance briefing for Guizhou-listed companies will be held on May 9, 2024, from 15:40 to 17:30 [2] - The event will take place online via "Panorama Roadshow" at the website: http://rs.p5w.net [2] - Investors can participate in the event and ask questions in real-time [4] Group 2: Participants - Key attendees include Chairman Zhang Guorong, Deputy General Manager and Secretary Hu Rui, Financial Officer Zhang Boxue, Independent Director Dong Yanan, and Office Director Yang Juanhe [3] Group 3: Investor Engagement - Investors are encouraged to submit questions from the announcement date until May 7, 2024, by following the "Guizhou Capital Market" WeChat account and sending the keyword "Question" [5] - The company will address commonly asked questions during the performance briefing within the limits of information disclosure [5] Group 4: Contact Information - Contact department: Board Office - Phone: 0851-86300002 - Email: irm@semifg.com [5]

Financial Performance - The total operating revenue for Q1 2024 was RMB 348,416,333.21, representing an increase of 7.9% compared to RMB 323,711,558.36 in Q1 2023[15] - The company's operating revenue for Q1 2024 was ¥348,416,333.21, an increase from ¥323,711,558.36 in Q1 2023, representing a growth of approximately 7.5%[17] - Total operating costs rose to ¥165,137,581.99 in Q1 2024 from ¥146,150,846.64 in Q1 2023, marking an increase of about 12.9%[17] - Net profit for Q1 2024 was ¥139,131,087.55, slightly down from ¥141,759,048.21 in Q1 2023, reflecting a decrease of approximately 1.9%[18] - The net profit attributable to shareholders was $139,793,081.93, reflecting an increase of 8.57% compared to the same period last year[44] - The total profit for Q1 2024 was ¥163,968,218.49, down from ¥167,237,511.64 in Q1 2023, indicating a decrease of approximately 1.5%[17] - The net profit after deducting non-recurring gains and losses was $134,025,825.26, showing a year-over-year increase of 4.71%[44] Shareholder Information - The company reported a total of 9,401 common shareholders at the end of the reporting period, indicating a stable shareholder base[8] - The largest shareholder, China Zhihua Electronics Group, holds 40.12% of the shares, maintaining significant control over the company[8] - There are no significant changes in the top 10 shareholders or their shareholding status compared to the previous period[11] Cash Flow and Liquidity - Cash and cash equivalents increased to RMB 1,386,235,271.32 as of March 31, 2024, up from RMB 1,259,030,367.26 at the end of 2023, indicating improved liquidity[13] - The cash flow from operating activities decreased due to a reduction in cash received from sales and services compared to the previous year[24] - The company's cash received from sales of goods and services was approximately $79.95 million, down from $133.56 million, a decrease of about 40%[37] - The company's cash paid for goods and services was approximately $57.09 million, down from $100.76 million, reflecting a decrease of about 43%[39] - The net cash flow from operating activities was -$95,891,246.52, indicating a significant cash outflow[44] Assets and Liabilities - Total assets increased to approximately $5.56 billion, up from $5.36 billion, representing a growth of about 3.8% year-over-year[32] - The company reported a total liability of approximately $658.18 million, an increase from $594.34 million, indicating a rise of about 10.7%[33] - The total equity attributable to shareholders increased to approximately $4.87 billion, up from $4.73 billion, marking a growth of about 3%[33] - Non-current assets totaled approximately $709.73 million, an increase from $622.52 million, reflecting a growth of about 14%[32] Research and Development - Research and development expenses increased to ¥34,408,346.82 in Q1 2024 from ¥33,285,337.26 in Q1 2023, showing a rise of approximately 3.4%[17] - R&D investment totaled $34,408,346.82, accounting for 9.88% of operating revenue, a decrease of 0.40 percentage points[58] Tax and Impairment - The company reported a significant increase in tax expenses, which rose to ¥2,524,770.88 in Q1 2024 from ¥340,407.40 in Q1 2023, reflecting a growth of about 640.5%[17] - The company experienced a credit impairment loss of ¥-23,159,345.36 in Q1 2024, compared to ¥-9,334,889.13 in Q1 2023, which is a significant increase in losses[17] Future Outlook - The company’s future outlook remains cautious, with no specific guidance provided for the upcoming quarters[10] - The company has not disclosed any new product launches or technological advancements during this reporting period[10]

贵州振华风光半导体股份有限公司 第一届董事会第二十三次会议决议公告 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"）第一届董事会第二 十三次会议于 2024 年 4 月 24 日 14 时以现场结合通讯方式召开。本次会议通知 于 2024 年 4 月 14 日以书面及电子邮件等方式通知全体董事。会议由董事长张国 荣先生主持，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》（以下简称"《公司章程》"）的相关规定，会议决议合法有效。 证券代码：688439 证券简称：振华风光 公告编号：2024-016 审议通过《2024 年第一季度报告》。公司 2024 年第一季度报告全面、客观、 公允地反映了 2024 年第一季度的财务状况和经营成果；公司 2024 年第一季度报 告的编制和审议程序符 ...

证券代码：688439 证券简称：振华风光 公告编号：2024-017 贵州振华风光半导体股份有限公司 第一届监事会第十六次会议决议公告 本公司监事会及全体监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、监事会会议召开情况 贵州振华风光半导体股份有限公司（以下简称"公司"）第一届监事会第十 六次会议于 2024 年 4 月 24 日 16 时以现场结合通讯方式召开。本次会议通知于 2024 年 4 月 19 日以书面及电子邮件等方式通知全体监事。会议由监事会主席唐 孝成先生主持，会议应到监事 3 人，实到监事 3 人。本次会议的召集和召开程序 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、监事会会议审议情况 全体与会监事经认真审议，一致通过以下决议： 审议通过《2024 年第一季度报告》。监事会认为：董事会编制和审议公司 2024 年第一季度报告的程序符合法律、法规的要求，报告内容真实、准确、完 整地反映了公司的实 ...

Investment Rating - The report maintains a "Buy" rating for the company with a target price of 124.32 CNY, based on a 37x PE ratio for 2024 [2][4]. Core Insights - The company achieved a revenue of 1.297 billion CNY in 2023, representing a year-on-year growth of 66.54%, and a net profit of 611 million CNY, which is a 101.51% increase [1]. - The company has significantly reduced its expense ratio to 19.28%, down 8.55 percentage points, while increasing its R&D investment [1]. - The company is positioned to benefit from the growth in the military amplifier sector, with a comprehensive product range and ongoing development of new products [1]. Financial Performance Summary - Revenue for 2023 was 1,297 million CNY, with a year-on-year growth of 66.5% [3]. - Net profit for 2023 was 611 million CNY, reflecting a 101.5% increase compared to the previous year [3]. - The company’s gross margin decreased to 74.5%, down 2.89 percentage points, while the net profit margin improved to 47.1% [3]. - EPS for 2023 was 3.05 CNY, with projections of 3.36 CNY for 2024 and 4.11 CNY for 2025 [3]. Asset and Inventory Management - Fixed assets increased by 179.19% to 228 million CNY by the end of 2023, primarily due to the completion of construction projects [1]. - Inventory at the end of 2023 was 696 million CNY, an increase of 8.21% from the beginning of the year [1]. Market Position and Growth Potential - The company is recognized as a leading supplier of high-reliability amplifiers in China, with a full range of product models and superior performance metrics [1]. - The military integrated circuit sector is expected to see significant growth, driven by increased production and domestic substitution [1]. - The company has launched nearly 100 new products and achieved substantial growth in new product orders, indicating a robust expansion strategy [1].

Investment Rating - The report maintains a "Buy" rating for the company [45]. Core Insights - The company achieved a revenue of 1.3 billion RMB in 2023, representing a year-on-year growth of 66.5%, with a net profit of 611 million RMB, up 101.5% year-on-year [46][61]. - The demand for military simulation chips remains strong, and the company is actively leveraging its core product advantages while expanding its product offerings, resulting in significant growth in sales [47][61]. - The company anticipates a revenue growth of 15% and a profit growth of 10% in 2024, with a focus on maintaining steady growth [47]. Summary by Sections Event Description - The company reported a revenue of 1.3 billion RMB in 2023, a 66.5% increase year-on-year, and a net profit of 611 million RMB, which is a 101.5% increase year-on-year. The fourth quarter revenue was 320 million RMB, up 58.2% year-on-year [46][61]. - The company is expanding into new product categories such as MCU and radiation-resistant components, achieving accelerated growth in performance [47][61]. Financial Performance - The gross margin for 2023 was 74.5%, a decrease of 2.9 percentage points year-on-year, while the net profit margin improved to 47.1%, an increase of 8.2 percentage points year-on-year [65][70]. - The company has maintained a high R&D expense ratio of 11.8%, indicating a commitment to innovation and product development [47][70]. Capacity Expansion and Efficiency - The company has increased its fixed assets to 230 million RMB, a 179.2% increase from the beginning of the year, and has completed the first phase of its packaging and testing project [47][81]. - The company is actively managing costs, with a significant reduction in management and sales expense ratios, contributing to improved net profit margins [65][70]. Profit Forecast and Valuation - The company is expected to achieve net profits of 700 million RMB, 910 million RMB, and 1.15 billion RMB for the years 2024, 2025, and 2026, respectively, with corresponding year-on-year growth rates of 15.5%, 28.4%, and 27.0% [48][183].

贵州振华风光半导体股份有限公司 2023年年度股东大会会议资料 2024 5 10 贵州振华风光半导体股份有限公司 2023年年度股东大会会议资料 贵州振华风光半导体股份有限公司 2023年年度股东大会会议资料 目录 | 2023年年度股东大会会议须知 | 3 | | --- | --- | | 2023年年度股东大会会议议程 | 6 | | 议案一：2023年年度报告及摘要 | 8 | | 议案二：2023年度财务决算报告及2024年度财务预算报告 | 9 | | 议案三：关于2023年度利润分配预案的议案 | 10 | | 议案四：关于2024年度日常关联交易预计的议案 | 11 | | 议案五：2023年度董事会工作报告 | 12 | | 议案六：2023年度监事会工作报告 | 13 | | 议案七：关于2024年度董事薪酬的议案 | 14 | | 议案八：关于2024年度监事薪酬的议案 | 15 | | 议案九：关于修订公司章程的议案 | 16 | | 附件一《2023年度财务决算报告及2024年度财务预算报告》 | 18 | | 附件二《2022年度董事会工作报告》 | 28 | | 附件三《202 ...

0 - HH- P -000 (扫一扫了解更多)(Q) €9 地址：贵州省贵阳市高新区高纳路819号 官 邮编: 550014 ② 电话: 0851-86300002 股票简称: 振华风光 股票代码: 688439 股票上市：上海证券交易所科创板上市 ●】●■ 环境、社会及治理（ESG）报告） ENVIRONMENTAL, SOCIAL AND GOVERNANCE REPORT 下 | 0 些 | | . . ┣ 贵州振华风光半导体股份有限公司 Co., GUlzHOU ZHENHUA FENGGUANG SEMICONDUCTOR CO., LTD. the station of the subject of the support of the support of the support of the support of the support of the support of the support of the support of the support of the sub Tronomic IOA IOS e DP C 不负青山 | 关于本报告 | 董事长致辞 | 走进振华风光 | ES ...

证券代码：688439 证券简称：振华风光 公告编号：2024-012 贵州振华风光半导体股份有限公司 关于修订公司章程的公告 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。 贵州振华风光半导体股份有限公司(以下简称"公司")基于日常经营和业 务发展的实际需要，根据《中华人民共和国证券法》《上市公司章程指引》《 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》等规定，对《公司章程》进行修订，该议案尚需 提交股东大会审议，股东大会审议通过后生效，具体修订内容如下： 第五条：公司住所：贵州省贵阳市白 云区高纳路819号 第五条：公司住所：贵州省贵阳市高新 区高纳路819号 第十二条：依法登记，公司的经营范 围为：法律、法规、国务院决定规定 禁止的不得经营；法律、法规、国务 院决定规定应当许可（审批）的，经 审批机关批准后凭许可（审批）文件 经营;法律、法规、国务院决定规定无 需许可（审批）的，市场主体自主选 择经营（集成电路芯片及产品制造、 电力电子元器件制造；电机及其控制 系 ...

证券代码： 688439 证券简称： 振华风光 公告编号： 2024-011 贵州振华风光半导体股份有限公司 关于2024年度日常关联交易预计的公告 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： 是否需要提交股东大会审议：是 日常关联交易对上市公司的影响：本次关联交易属于公司日常关联交 易，是以正常生产经营业务为基础，以公允定价为原则，遵循平等自愿原则， 交易风险可控，不会对关联人形成较大的依赖，不影响公司的独立性，不存 在损害公司及股东利益的情形。 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 贵州振华风光半导体股份有限公司（以下简称"公司"）于 2024 年 4 月 18 日召开的第一届董事会独立董事第二次专门会议，审议通过了《关于 2024 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 2023 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 2024 年度日常关联交易为公司正常生产经营所需，遵循了 平等、 ...