Group 1 - The legal opinion letter is issued by Shanghai Jintiancheng Law Firm for Shanghai Nanchip Semiconductor Technology Co., Ltd. regarding its 2024 annual shareholders' meeting [1][2] - The shareholders' meeting is scheduled for May 26, 2025, with a notice sent to all shareholders 20 days in advance, detailing the time, location, and agenda [2][3] - The meeting will utilize both on-site and online voting methods, with specific time slots for each voting method outlined [2][3] Group 2 - A total of 8 shareholders or their proxies attended the meeting, holding 132,567,707 voting shares, which accounts for 31.2887% of the total voting shares [3][4] - The meeting was convened by the company's board of directors, and the qualifications of the convenor were deemed compliant with relevant laws and regulations [4] - The voting procedures and results were conducted in accordance with legal requirements, ensuring the legitimacy and validity of the outcomes [4][5]

上海南芯半导体科技股份有限公司 2024年年度股东会决议公告 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 证券代码：688484 证券简称：南芯科技 公告编号：2025-040 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） 股东会召开的时间：2025 年 5 月 26 日 （二） 股东会召开的地点：上海市浦东新区盛夏路 565 弄 54 号 D 幢 1201 南芯 科技会议室 （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： （五） 公司董事、监事和董事会秘书的出席情况 1、 公司在任董事8人，出席8人； 2、 公司在任监事3人，出席3人； 3、 董事会秘书梁映珍出席本次会议，其他高管列席了本次会议。 二、 议案审议情况 （一） 非累积投票议案 | 1、出席会议的股东和代理人人数 | 127 | | --- | --- | | 普通股股东人数 | 127 | | 2、出席会议的股东所持有的表决权数量 | 153,347,843 | | 普通 ...

2024 年年度股东会的法律意见书 上海市锦天城律师事务所关于 上海南芯半导体科技股份有限公司 2024 年年度股东会的 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 楼 电话：021-20511000 传真：021-20511999 邮编：200120 上海市锦天城律师事务所 法律意见书 上海市锦天城律师事务所 关于上海南芯半导体科技股份有限公司 致：上海南芯半导体科技股份有限公司 根据《中华人民共和国证券法》（以下简称"《证券法》"）《中华人民共 和国公司法》（以下简称"《公司法》"）和中国证券监督管理委员会（以下简 称"中国证监会"）《上市公司股东会规则》（以下简称"《股东会规则》"） 等法律、法规和有关规范性文件的要求，上海市锦天城律师事务所（以下简称"本 所"）接受上海南芯半导体科技股份有限公司（以下简称"南芯科技"或"公司"） 的委托，指派本所律师参加南芯科技 2024 年年度股东会（以下简称"本次股东 会"），并出具本法律意见书。 本法律意见书仅供本次股东会之目的使用。本所律师同意将本法律意见书随 南芯科技本次股东会其他信息披露资料一并公告。 本所律师根据《证券法 ...

Investment Rating - The investment rating for the company is "Buy" and is maintained [1] Core Views - The company is focusing on continuous R&D investment to seize opportunities in the automotive and industrial markets. The domestic substitution trend is seen as a significant opportunity for manufacturers in these sectors. The automotive business is expected to grow by 179% in 2024, with revenue contribution exceeding 3% [4][6] - The company has launched multiple new products in the automotive and industrial sectors, leveraging its advantages in consumer electronics. It aims to expand its customer base both domestically and internationally [4] - High R&D investment is driving product innovation, with R&D expenses expected to reach 437 million yuan in 2024, a 49.25% increase year-on-year, accounting for 17.01% of revenue [5] Financial Projections - Revenue projections for the company are 3.34 billion yuan in 2025, 4.37 billion yuan in 2026, and 5.68 billion yuan in 2027, with corresponding net profits of 331.99 million yuan, 452.43 million yuan, and 602.85 million yuan respectively [6][8] - The company is expected to maintain a strong growth rate, with revenue growth rates of 44.19% in 2024, 30.22% in 2025, and around 30% in the following years [8][10] - The company's earnings per share (EPS) is projected to increase from 0.72 yuan in 2024 to 1.42 yuan in 2027 [8][10]

Investment Rating - The investment rating for the company is "Buy" and is maintained [1] Core Views - The company is focusing on continuous R&D investment to seize opportunities in the automotive and industrial markets. The domestic substitution trend is seen as a significant opportunity for manufacturers in these sectors. The automotive business is expected to grow by 179% in 2024, contributing over 3% to revenue, with further growth anticipated in 2025 [4][6] - The company has increased its R&D expenditure significantly, with a 49.25% year-on-year increase in 2024, amounting to 437 million yuan, which represents 17.01% of revenue. This investment supports the launch of new products and the expansion of customer bases [5][6] Company Overview - Latest closing price: 32.33 yuan - Total shares: 4.25 billion, circulating shares: 2.93 billion - Total market capitalization: 138 billion yuan, circulating market capitalization: 95 billion yuan - 52-week high/low: 41.90/25.52 yuan - Debt-to-asset ratio: 15.3% - Price-to-earnings ratio: 44.90 - Largest shareholder: 阮晨杰 [3] Financial Forecast and Key Metrics - Revenue projections for 2025, 2026, and 2027 are 33.4 billion yuan, 43.7 billion yuan, and 56.8 billion yuan respectively, with net profits of 3.3 billion yuan, 4.5 billion yuan, and 6.0 billion yuan [6][8] - The company is expected to maintain a revenue growth rate of 44.19% in 2024, followed by 30.22% in 2025, and similar growth rates in subsequent years [8] - The EBITDA for 2025 is projected at 428.55 million yuan, with a net profit margin of approximately 9.9% [8]

半导体板块走高，希荻微涨停，富乐德（301297）、明微电子、康希通信、慧智微、南芯科技、富满微 （300671）等纷纷走高。 暗盘资金正涌入这些股票，点击速看>>> ...

上海南芯半导体科技股份有限公司 2024 年年度股东会会议资料 证券代码：688484 证券简称：南芯科技 上海南芯半导体科技股份有限公司 2024 年年度股东会会议资料 二〇二五年五月 1 上海南芯半导体科技股份有限公司 2024 年年度股东会会议资料 目录 | 上海南芯半导体科技股份有限公司 | | 2024 年年度股东会会议须知 3 | | --- | --- | --- | | 上海南芯半导体科技股份有限公司 | | 2024 年年度股东会会议议程 5 | | 上海南芯半导体科技股份有限公司 | | 2024 年年度股东会会议议案 7 | | 议案一： | 关于《2024 | 年度董事会工作报告》的议案 7 | | 议案二： | 关于《2024 | 年度监事会工作报告》的议案 8 | | 议案三： | 关于公司 | 年年度报告及摘要的议案 9 2024 | | 议案四： | 关于《2024 | 年度财务决算报告》的议案 10 | | 议案五： | 关于公司 | 2024 年度利润分配预案的议案 11 | | 议案六： | 关于 2025 | 年度公司董事薪酬方案的议案 12 | | 议案七： | 关于 ...

Investment Rating - The investment rating for the company is "Accumulate" (maintained) [1] Core Views - The company achieved a revenue of 700 million yuan in Q1 2025, representing a year-on-year increase of 14% and a quarter-on-quarter increase of 3%. The net profit attributable to the parent company was 63.49 million yuan, a year-on-year decrease of 37% but a quarter-on-quarter increase of 81% [4][5] - In 2024, the company realized a total revenue of 2.6 billion yuan, a year-on-year increase of 44%, with a net profit of 300 million yuan, up 17% year-on-year [4][5] - The company has seen rapid growth across various downstream sectors, particularly in automotive power management, which achieved a revenue of 85.51 million yuan, a year-on-year increase of 179% [5][6] Financial Performance - The company’s revenue is projected to grow significantly from 2.57 billion yuan in 2024 to 5.34 billion yuan in 2027, with corresponding net profits increasing from 307 million yuan to 704 million yuan over the same period [9] - The gross margin is expected to remain stable around 40% from 2024 to 2027, indicating consistent profitability [9] - The earnings per share (EPS) are forecasted to rise from 0.72 yuan in 2024 to 1.65 yuan in 2027, reflecting strong growth potential [9] Market Position and Competitive Advantage - The company has successfully expanded its product applications from mobile device power management to new fields, including automotive electronics, where it has made significant inroads with major automotive manufacturers [6] - The automotive electronics business is entering a new phase of rapid development, driven by increasing market demand and domestic substitution trends [6][7]

Investment Rating - The investment rating for the company is "Accumulate" (maintained) [2] Core Views - The company achieved a revenue of 700 million yuan in Q1 2025, representing a year-on-year increase of 14% and a quarter-on-quarter increase of 3%. However, the net profit attributable to the parent company decreased by 37% year-on-year to 63.49 million yuan, but increased by 81% quarter-on-quarter [6] - In 2024, the company reported a total revenue of 2.6 billion yuan, a year-on-year increase of 44%, with a net profit of 300 million yuan, up 17% year-on-year [6] - The company has seen rapid growth across various downstream sectors, particularly in automotive power management, which grew by 179% year-on-year to 85.51 million yuan [7][8] Financial Performance Summary - The company’s revenue is projected to grow significantly from 2.57 billion yuan in 2024 to 5.34 billion yuan in 2027, with year-on-year growth rates of 44.2%, 31.3%, 25.4%, and 26.4% respectively [11] - The net profit attributable to the parent company is expected to increase from 307 million yuan in 2024 to 704 million yuan in 2027, with corresponding year-on-year growth rates of 17.4%, 26.3%, 29.1%, and 40.6% [11] - The company’s gross margin is projected to remain stable around 40% over the forecast period [11] Investment Recommendations - The forecasted net profits for 2025, 2026, and 2027 are 387 million yuan, 500 million yuan, and 704 million yuan respectively, with corresponding earnings per share (EPS) of 0.91 yuan, 1.18 yuan, and 1.65 yuan. The latest closing price corresponds to price-to-earnings (PE) ratios of 36x, 28x, and 20x for the respective years [9]

Fundraising Overview - The company, Shanghai Nanchip Semiconductor Technology Co., Ltd., was approved to publicly issue 63.53 million shares at a price of RMB 39.99 per share, raising a total of RMB 2.54 billion [1] - The funds raised have been deposited into designated special accounts as per the regulations and agreements with the underwriter and commercial banks [1] Fund Management and Usage - The company has established a fundraising management system in compliance with relevant laws and regulations, ensuring that the funds are stored in special accounts [2] - A tripartite supervision agreement has been signed between the company, the underwriter, and the banks holding the funds [2] - As of the announcement date, multiple special accounts have been opened at various banks for the management of the raised funds [2] Account Cancellation - The company has recently canceled a special account at the Bank of Communications Shanghai Zhangjiang Branch, as the funds in that account have been fully utilized [3] - The cancellation of this account also leads to the termination of the tripartite supervision agreement related to that account [3]