Investment Rating - The investment rating for the company is "Buy" and is maintained [4]. Core Insights - In the first three quarters of 2024, the company achieved revenue of 1.899 billion yuan, a year-on-year increase of 57.49%, and a net profit attributable to shareholders of 272 million yuan, a year-on-year increase of 50.82% [4][5]. - The third quarter of 2024 saw revenue of 649 million yuan, a year-on-year increase of 19.00% and a quarter-on-quarter increase of 0.12%. However, the net profit attributable to shareholders was 67 million yuan, a year-on-year decrease of 16.27% and a quarter-on-quarter decrease of 36.30% [4][5]. - The company is focusing on enhancing its research and development capabilities, with R&D expenses amounting to 299 million yuan in the first three quarters of 2024, a year-on-year increase of 48.94%, representing 15.76% of revenue [5][6]. - The company is positioned as a leader in the charge pump industry, expanding its product offerings and targeting various sectors including consumer electronics and automotive [6]. Financial Performance Summary - For 2024, the company expects net profits attributable to shareholders to be 331 million yuan, 517 million yuan, and 672 million yuan for the years 2024, 2025, and 2026 respectively, with corresponding EPS of 0.78 yuan, 1.22 yuan, and 1.58 yuan [6][10]. - The gross margin for the first three quarters of 2024 was 40.86%, slightly down by 1.34 percentage points year-on-year, while the gross margin for Q3 2024 was 40.02%, down by 3.12 percentage points year-on-year [4][5].

证券代码：688484 证券简称：南芯科技 公告编号：2024-055 上海南芯半导体科技股份有限公司 关于持股 5%以上股东权益变动超过 1%的提示性公告 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： 公司于 2024 年 11 月 11 日收到股东顺为科技及其一致行动人发来的《关于 减持上海南芯半导体科技股份有限公司进展的告知函》，现将其有关权益变动 情况公告如下： 一、本次权益变动情况 | | | 杭州顺赢股权投资合伙企业（有限合伙） | | --- | --- | --- | | 信息披 | 名称 | 苏州工业园区顺为科技股权投资合伙企业（有限合伙） | | 露义务 | | | | | | 武汉顺赢股权投资合伙企业（有限合伙） | 本次权益变动为上海南芯半导体科技股份有限公司（以下简称"公司"或 "南芯科技"）股东苏州工业园区顺为科技股权投资合伙企业（有限合伙） （以下简称"顺为科技"）以及其一致行动人杭州顺赢股权投资合伙企业 （有限合伙）（以下简称"杭州顺赢"）、武汉顺赢股权投资合伙企业（有 限 ...

Investment Rating - The investment rating for the company is "Buy" (maintained) [1] Core Views - The company is increasing its R&D investment, driving innovation across multiple fields for future growth [1] - In the first three quarters of 2024, the company achieved revenue of 18.99 billion yuan, a year-on-year increase of 57.49% [1] - The net profit attributable to the parent company for Q3 2024 was 0.67 billion yuan, a decrease of 36.30% quarter-on-quarter and a decrease of 16.27% year-on-year [1] - The company is actively expanding its product applications from mobile devices to new fields and customers, enhancing its risk resistance capabilities [1] Financial Performance Summary - For Q3 2024, the company reported revenue of 6.49 billion yuan, a quarter-on-quarter increase of 0.12% and a year-on-year increase of 19.00% [1] - The gross profit margin for Q3 2024 was 40.02%, a slight decrease of 0.08 percentage points quarter-on-quarter and a year-on-year decrease of 3.12 percentage points [1] - The company’s R&D expenses for Q3 were 1.17 billion yuan, a quarter-on-quarter increase of 25.54% [1] - The projected net profits for the company from 2024 to 2026 are expected to be 3.18 billion yuan, 4.87 billion yuan, and 6.18 billion yuan respectively [1][2] Revenue and Profit Forecast - The company’s revenue is forecasted to grow from 1,780 million yuan in 2023 to 4,047 million yuan in 2026, with year-on-year growth rates of 36.9%, 36.6%, 31.9%, and 26.2% respectively [3][4] - The net profit attributable to the parent company is projected to increase from 261 million yuan in 2023 to 618 million yuan in 2026, with corresponding year-on-year growth rates of 6.2%, 21.8%, 52.9%, and 26.9% [3][4] - The gross profit margin is expected to remain stable around 42.3% in 2023, decreasing slightly to 41.0% by 2026 [4] Key Financial Ratios - The company’s return on equity (ROE) is projected to improve from 7.1% in 2023 to 11.9% in 2026 [4] - The price-to-earnings (P/E) ratio is expected to decrease from 62.27 in 2023 to 23.94 in 2026, indicating a more attractive valuation over time [4]

Investment Rating - The report maintains an investment rating of "Buy - A" for the company [1]. Core Views - The company has demonstrated robust revenue growth in Q3 2024, with a year-on-year increase of 19.00%, reaching revenue of 649 million yuan. However, net profit decreased by 16.27% year-on-year to 67 million yuan due to high R&D expenses [1][3]. - For the first three quarters of 2024, the company achieved revenue of 1.899 billion yuan, a year-on-year increase of 57.49%, with mobile device revenue accounting for approximately 70% of total revenue [1][3]. - The company is expanding its product layout across multiple fields, including mobile devices, smart energy, automotive electronics, and general products, which broadens its growth potential [1][3]. Summary by Sections Financial Performance - In Q3 2024, the company reported revenue of 649 million yuan, a 19.00% increase year-on-year, while net profit was 67 million yuan, down 16.27% year-on-year [1]. - For the first three quarters of 2024, the company achieved a net profit of 272 million yuan, a 50.82% increase year-on-year, and a non-net profit of 269 million yuan, up 52.90% year-on-year [1]. - The company’s revenue for 2024 is projected to be 2.493 billion yuan, with a growth rate of 40.0% [3]. Product Development - The company’s product layout covers end-to-end applications, including power supply control, charging protocol communication, and battery management systems, with a focus on mobile devices, smart energy, automotive electronics, and general products [1][3]. - The mobile device segment is seeing stable growth, with significant advancements in charging management products and battery management systems [1][3]. - The smart energy business has shown significant revenue growth, driven by the introduction of integrated GaN solutions [1][3]. Market Outlook - The report anticipates a moderate recovery in market demand, with projected revenues for 2024, 2025, and 2026 at 2.493 billion yuan, 3.240 billion yuan, and 4.115 billion yuan, respectively [3]. - The expected growth rates for net profit are 30.2% in 2024, 51.5% in 2025, and 28.0% in 2026, indicating a positive outlook for profitability [3].

证券代码：688484 证券简称：南芯科技 公告编号：2024-054 上海南芯半导体科技股份有限公司 关于以集中竞价交易方式回购公司股份的进展公告 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： | 回购方案首次披露日 | 2024/2/24 | | --- | --- | | 回购方案实施期限 | 待董事会审议通过后 12 个月 | | 预计回购金额 | 万元~10,000 万元 5,000 | | 回购用途 | □减少注册资本 √用于员工持股计划或股权激励 □用于转换公司可转债 | | | □为维护公司价值及股东权益 | | 累计已回购股数 | 股 1,654,345 | | 累计已回购股数占总股本比例 | 0.3888% | | 累计已回购金额 | 50,006,987.84 元 | | 实际回购价格区间 | 28.92 元/股~35.00 元/股 | 上述回购股份符合法律法规的规定及公司回购股份方案。 三、 其他事项 公司将严格按照《上市公司股份回购规则》《上海证券交易所上市公司自律监 管指引第 ...

Group 1: Revenue Composition and Growth - In the first three quarters of the year, mobile device revenue accounted for approximately 70% of total revenue, driven by effective execution of the end-to-end strategy [3] - The company’s smart energy and general products, along with automotive electronics, contributed about 30% of total revenue, with significant growth in smart energy compared to last year [3][4] Group 2: R&D Investment Focus - The company has increased R&D investments significantly, focusing on consumer, automotive, and industrial sectors to strengthen its long-term development foundation [4] - In the consumer sector, the company is enhancing its competitive advantage in smartphone charging management and expanding its product offerings in power adapters and lithium battery protection [4][6] Group 3: Profitability and Margins - The gross margin for the third quarter remained at 40%, positioning the company among the top in the domestic industry [5] - The fluctuation in gross margin is influenced by material costs, product pricing, and downstream demand [5] Group 4: Product Development and Market Trends - The company is actively developing products for smart cockpits, which are becoming standard in smart vehicles, focusing on power management systems to meet higher efficiency standards [6][7] - The company has launched a comprehensive product line for smart cockpit applications, including various power management chips to address customer needs for high efficiency and strong electromagnetic interference (EMI) resistance [7] Group 5: Industry Positioning and Strategy - The company aims to differentiate itself by not producing generic products, instead focusing on unique, high-quality solutions that provide overall value to customers [8] - The company is pursuing a "virtual IDM" strategy to maintain cost advantages while enhancing manufacturing capabilities and operational efficiency [8]

Financial Performance - The company's operating revenue for Q3 2024 reached ¥649,003,458, representing a 19% increase year-over-year, and a total of ¥1,899,099,249.84 for the year-to-date, reflecting a 57.49% increase compared to the same period last year[2]. - The net profit attributable to shareholders for the year-to-date was ¥66,630,183.33, a decrease of 16.27%, while the net profit excluding non-recurring gains and losses was ¥62,852,509.11, down 20.64%[2]. - The basic and diluted earnings per share for the year-to-date were both ¥0.16, a decrease of 15.79% compared to the same period last year[3]. - Total operating revenue for the first three quarters of 2024 reached ¥1,899,099,249.84, a significant increase of 57.5% compared to ¥1,205,856,104.46 in the same period of 2023[16]. - Net profit for the first three quarters of 2024 was ¥271,783,940.40, compared to ¥180,206,537.86 in 2023, marking a growth of 50.8%[18]. - The total comprehensive income for the period reached CNY 270,262,229.60, compared to CNY 180,438,571.79 in the previous year, reflecting a significant increase[20]. Research and Development - Research and development expenses totaled ¥116,604,665.44 in Q3 2024, an increase of 52.99%, and accounted for 17.97% of operating revenue, up 4 percentage points year-over-year[3]. - Research and development expenses increased to ¥299,276,026.63 in 2024 from ¥200,934,342.21 in 2023, representing a rise of 48.9%[18]. Assets and Liabilities - The total assets at the end of the reporting period were ¥4,634,881,629.10, an increase of 3.88% from the end of the previous year[3]. - Total assets as of the end of Q3 2024 amounted to ¥4,634,881,629.10, compared to ¥4,461,859,875.30 at the end of Q3 2023, indicating a growth of 3.9%[15]. - Total liabilities decreased slightly to ¥760,411,400.84 in Q3 2024 from ¥762,823,025.53 in Q3 2023[15]. - The company reported a decrease in accounts payable to ¥227,668,475.51 in Q3 2024 from ¥185,309,842.94 in Q3 2023, indicating a 22.9% increase[14]. Cash Flow - The net cash flow from operating activities for the year-to-date was ¥434,074,705.62, a significant increase of 387.29% compared to the same period last year[2]. - Cash inflows from operating activities totaled CNY 2,997,679,060.14, up from CNY 1,990,702,574.65 in the same period last year, indicating strong operational performance[22]. - The net cash flow from operating activities was CNY 434,074,705.62, a substantial increase from CNY 89,079,362.61 in the previous year[22]. - Cash outflows for investment activities amounted to CNY 905,421,243.64, compared to CNY 89,332,609.23 in the prior year, indicating increased investment efforts[23]. - The net cash flow from investment activities was negative CNY 148,907,267.62, contrasting with a positive CNY 57,538,076.87 in the previous year[23]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 18,567[8]. - The largest shareholder, Mr. Ruan Chenjie, holds 72,780,573 shares, representing 17.11% of the total shares[8]. - The company has not reported any significant changes in shareholder participation in margin trading or securities lending[11]. Future Plans - The company plans to continue expanding its product scale and optimizing innovation in response to recovering market demand[7]. - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[19]. Miscellaneous - The company has a long-term equity investment of ¥9,639,417.25 as of September 30, 2024[13]. - The company reported an increase in fixed assets to ¥344,950,799.27 from ¥326,410,697.89 year-over-year[13]. - There are no significant reminders or additional important information regarding the company's operational situation during the reporting period[12]. - The company did not report any net profit from the merged entity prior to the merger, consistent with the previous period[21].

上海南芯半导体科技股份有限公司（以下简称"公司"）已于 2024 年 10 月 29 日召开第一届董事会第二十六次会议，审议通过了《关于变更公司注册资本 及修订〈公司章程〉的议案》，现将相关内容公告如下： 一、 本次变更注册资本的情况 公司 2023 年限制性股票激励计划首次授予部分第一类激励对象第一个归属 期归属事项已于 2024 年 9 月 20 日完成股份登记工作，该部分股份已于 2024 年 9 月 26 日上市流通。本次限制性股票归属新增的股份数量为 192.7743 万股。本 次限制性股票归属完成后，公司股份总数由 42,353 万股增加至 42,545.7743 万股， 公司注册资本变更为人民币 42,545.7743 万元。具体内容详见公司于 2024 年 9 月 24 日披露于上海证券交易所网站（www.sse.com.cn）的《关于 2023 年限制性股 票激励计划首次授予部分第一类激励对象第一个归属期归属结果暨股票上市公 告》（公告编号：2024-050）。 二、 《公司章程》修订情况 由于公司注册资本及总股本发生变更，根据《中华人民共和国公司法》《中 华人民共和国证券法》《上市公司章程 ...

上海南芯半导体科技股份有限公司 章程 二〇二四年十月 | 目录 | | --- | | 第一章 | 总则 | | 2 | | --- | --- | --- | --- | | 第二章 | 经营宗旨和范围 | | 3 | | 第三章 | 股份 | | 3 | | 第一节 | | 股份发行 | 3 | | 第二节 | | 股份增减和回购 | 6 | | 第三节 | | 股份转让 | 7 | | 第四章 | 股东和股东大会 | | 8 | | 第一节 | 股东 | | 8 | | 第二节 | | 股东大会的一般规定 | 11 | | 第三节 | | 股东大会的召集 | 15 | | 第四节 | | 股东大会的提案与通知 | 16 | | 第五节 | | 股东大会的召开 | 18 | | 第六节 | | 股东大会的表决和决议 | 21 | | 第五章 | 董事会 | | 26 | | 第一节 | 董事 | | 26 | | 第二节 | 董事会 | | 30 | | 第六章 | | 总经理及其他高级管理人员 | 38 | | 第七章 | 监事会 | | 40 | | 第一节 | 监事 | | 40 | | 第二节 | ...

一、回购股份的基本情况 2024 年 2 月 22 日，上海南芯半导体科技股份有限公司（以下简称"公司"） 召开第一届董事会第二十一次会议，审议通过了《关于以集中竞价交易方式回购公 司股份方案的议案》，同意公司使用不低于人民币 5,000 万元（含）且不超过人民 币 10,000 万元（含）的自有资金，以集中竞价交易方式回购公司已发行的部分人 民币普通股（A 股）股票，回购价格不超过人民币 44 元/股（含），回购的股份将 在未来合适时机全部用于实施股权激励和员工持股计划。具体内容详见公司于 2024 年 2 月 24 日在上海证券交易所网站（www.sse.com.cn）披露的《关于以集中 竞价交易方式回购公司股份方案的公告》（公告编号：2024-002）。 证券代码：688484 证券简称：南芯科技 公告编号：2024-052 上海南芯半导体科技股份有限公司 关于实施权益分派后调整回购股份价格上限暨回购公 司股份的进展公告 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： | 回购方案首次披露日 | 20 ...