证券代码：688486 证券简称：龙迅股份 公告编号：2025-017 龙迅半导体（合肥）股份有限公司 关于竞得土地使用权暨签署《投资意向协议书》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。 一、协议签订概述 龙迅半导体（合肥）股份有限公司（以下简称"龙迅股份"或"公司"）于 2024年7月30日分别召开第三届董事会第二十三次会议、第三届监事会第十九次 会议，审议通过了《关于签署<投资意向协议书>的议案》，同意公司与合肥经济 技术开发区管理委员会签订《投资意向协议书》，授权管理层负责本协议的签订， 公司拟在合肥经济技术开发区内（以下简称"经开区"）投资建设龙迅股份科创 （研发）基地项目（项目名称和建设内容最终以相关政府主管机关的批准文件为 准），选址位于经开区月池路以北、佛掌路以西，占地面积约43亩（以批准的控 规为准，具体面积以实测为准）。具体内容详见公司于2024年8月1日在上海证券 交易所网站(www.sse.com.cn)披露的《龙迅股份关于拟签署<投资意向协议书> 的提示性公告》（公告编号：2024 ...

Investment Rating - The report maintains a "Buy-A" rating for the company [1] Core Views - The company achieved a revenue of 466 million yuan in 2024, representing a year-on-year growth of 44.21%, and a net profit of 144 million yuan, up 40.62% [1][3] - The company has significantly increased its market share in the automotive chip sector and is focusing on high-definition display and automotive electronics [4][9] - The company plans to expand its product matrix and enhance R&D investments to support new product development [5][9] Financial Performance - In Q4 2024, the company reported a revenue of 132 million yuan, a 31.04% increase year-on-year, and a net profit of 50 million yuan, up 56.21% [1][3] - The overall gross margin for 2024 was 55.48%, an increase of 1.48 percentage points, while the expense ratio decreased by 3.81 percentage points to 29.90% [3][4] - The company’s R&D expenses reached 100 million yuan, accounting for 21.45% of revenue, reflecting a 34.14% increase [3][4] Product Development and Market Position - The company’s revenue from video bridge and processing chips was 426 million yuan, accounting for 91.42% of total revenue, with a growth of 43.35% [4] - The company has established a dedicated automotive chip division to focus on automotive entertainment systems and advanced driver-assistance systems (ADAS) [4][9] - The company has successfully launched several automotive chips that have passed AEC-Q100 testing and are now in mass production for various well-known automotive brands [4][9] Future Projections - Revenue projections for 2025-2027 are 708 million yuan, 1.046 billion yuan, and 1.516 billion yuan, respectively, with net profits expected to be 203 million yuan, 294 million yuan, and 414 million yuan [9][11] - The report anticipates a steady increase in earnings per share (EPS) from 1.98 yuan in 2025 to 4.05 yuan in 2027, with corresponding price-to-earnings (P/E) ratios decreasing from 61.0X to 29.9X [9][11]

Investment Rating - The report maintains a "Buy-A" rating for the company, indicating an expected price increase of over 15% relative to the benchmark index [3][8]. Core Insights - The company reported a revenue of 466 million yuan in 2024, representing a year-on-year growth of 44.21%, and a net profit of 144 million yuan, up 40.62% [3][4]. - The company has significantly increased its market share in the automotive chip sector and is focusing on high-definition display and automotive electronics [4][5]. - The company is expanding its product matrix and enhancing its R&D capabilities, particularly in the automotive electronics and high-performance computing sectors [5][8]. Financial Performance - In Q4 2024, the company achieved a revenue of 132 million yuan, a 31.04% increase year-on-year, and a net profit of 50 million yuan, up 56.21% [3][4]. - The overall gross margin for 2024 was 55.48%, an increase of 1.48 percentage points, while the operating expense ratio decreased by 3.81 percentage points to 29.90% [4][10]. - The company’s R&D expenses reached 100 million yuan, accounting for 21.45% of revenue, reflecting a 34.14% increase [4][10]. Revenue and Profit Forecast - The projected revenues for 2025, 2026, and 2027 are 708 million yuan, 1.046 billion yuan, and 1.516 billion yuan, respectively, with corresponding net profits of 203 million yuan, 294 million yuan, and 414 million yuan [8][10]. - The expected EPS for the same years is 1.98 yuan, 2.88 yuan, and 4.05 yuan, with P/E ratios of 61.0X, 42.1X, and 29.9X, respectively [8][10].

Investment Rating - The report maintains a "Buy" rating for the company, indicating an expected price increase of over 15% in the next 6-12 months [4][12]. Core Insights - The company achieved a record high in revenue and profit in 2024, with total revenue of 466 million RMB, representing a year-on-year growth of 44.21%, and a net profit attributable to the parent company of 144 million RMB, up 40.62% year-on-year [2][4]. - The company has significantly increased its R&D investment, reaching 100 million RMB in 2024, which is 21.45% of its revenue, focusing on new products in high-definition video bridging, automotive electronics, and high-speed transmission [3][4]. Summary by Sections Performance Review - In Q4 2024, the company reported revenue of 132 million RMB, a year-on-year increase of 31.04% and a quarter-on-quarter increase of 18.45%. The net profit for the same period was 50 million RMB, reflecting a year-on-year growth of 56.21% and a quarter-on-quarter growth of 58.16% [1][2]. Business Analysis - The company has successfully navigated industry challenges, including a downturn and increased competition, by enhancing its product mix and maintaining a high gross margin of 55.48%, which is an improvement of 1.48 percentage points from the previous year [2][3]. Product Development - The company is expanding its product lines, particularly in automotive electronics and high-speed transmission, with notable market share gains in automotive display systems and video transmission technologies [3][4]. Financial Forecast - Revenue projections for 2025 to 2027 are 668 million RMB, 940 million RMB, and 1.284 billion RMB, respectively, with net profits expected to be 222 million RMB, 287 million RMB, and 369 million RMB, respectively [4][7].

Investment Rating - The report maintains a "Recommended" investment rating for the company [1]. Core Views - The company achieved record high revenue and profit in Q4 2024, with revenue reaching 466 million yuan, a year-on-year increase of 44.21%, and net profit of 144 million yuan, up 40.62% year-on-year [4][7]. - The semiconductor industry is showing signs of recovery, with increased demand from downstream customers, leading to enhanced product upgrades and R&D efforts [7][10]. - The company is focusing on expanding its product matrix and increasing R&D investment in automotive electronics, with successful launches of various new chips [10][8]. Financial Performance Summary - Revenue for 2024 is projected at 466 million yuan, with a growth rate of 44.21% year-on-year, and net profit is expected to be 144 million yuan, reflecting a 40.62% increase [4][11]. - The gross margin for 2024 is 55.48%, an increase of 1.48 percentage points year-on-year, while the net margin is 30.99%, a slight decrease of 0.79 percentage points year-on-year [7][12]. - The company plans to distribute a cash dividend of 7.00 yuan per 10 shares and increase capital reserves by issuing 3 additional shares for every 10 shares held [4]. Revenue and Profit Forecast - Revenue is expected to grow to 710 million yuan in 2025, 1.047 billion yuan in 2026, and 1.483 billion yuan in 2027, with respective growth rates of 52.4%, 47.4%, and 41.7% [6][11]. - Net profit is projected to reach 223 million yuan in 2025, 332 million yuan in 2026, and 477 million yuan in 2027, with growth rates of 54.7%, 48.5%, and 44.0% respectively [6][11]. Product Development and Market Expansion - The company has successfully launched a series of high-performance chips for automotive applications, including video bridge and processing chips, which have been adopted by several well-known automotive manufacturers [8][10]. - The automotive chip and system solutions division was established to focus on various automotive electronic applications, enhancing the company's market share in this sector [10][8].

2024 年，公司董事会审计委员会积极履行职责，共召开 7 次会议，会议的组织、 召开及表决均符合相关法律、法规及规范性文件和《公司章程》等相关规定。各位 委员均亲自出席会议，会议议案全部审议通过。具体情况如下： | 序号 | 会议届次 | 会议时间 | 会议审议议案 | | --- | --- | --- | --- | | 1 | 第三届董事会审 计委员会 2024 年 第一次会议 | 2024 年 3 月 22 日 | 审议通过以下议案： 1、《关于 2023 年度董事会审计委员会履职报告的 议案》； 2、《关于 2023 年度会计师事务所的履职情况评估 报告及审计委员会履行监督职责情况报告的议 案》； 3、《关于 2023 年度内部审计工作报告》； 4、《关于 2023 年度财务决算报告的议案》； 5、《关于 2023 年年度报告及其摘要的议案》； 6、《关于 2023 年度募集资金存放与实际使用情况 | | | | | 的专项报告的议案》； 7、《关于 2023 年度内部控制评价报告的议案》。 | 1 龙迅半导体（合肥）股份有限公司 2024 年度董事会审计委员会履职报告 根据《中华人民共和国公司法 ...

龙迅半导体（合肥）股份有限公司全体股东： 根据《企业内部控制基本规范》及其配套指引的规定和其他内部控制监管要求（以下简称企业 内部控制规范体系），结合龙迅半导体（合肥）股份有限公司（以下简称公司）内部控制制度和评 价办法，在内部控制日常监督和专项监督的基础上，我们对公司2024年12月31日（内部控制评价报 告基准日）的内部控制有效性进行了评价。 一. 重要声明 按照企业内部控制规范体系的规定，建立健全和有效实施内部控制，评价其有效性，并如实披 露内部控制评价报告是公司董事会的责任。监事会对董事会建立和实施内部控制进行监督。经理层 负责组织领导企业内部控制的日常运行。公司董事会、监事会及董事、监事、高级管理人员保证本 报告内容不存在任何虚假记载、误导性陈述或重大遗漏，并对报告内容的真实性、准确性和完整性 承担个别及连带法律责任。 公司内部控制的目标是合理保证经营管理合法合规、资产安全、财务报告及相关信息真实完整， 提高经营效率和效果，促进实现发展战略。由于内部控制存在的固有局限性，故仅能为实现上述目 标提供合理保证。此外，由于情况的变化可能导致内部控制变得不恰当，或对控制政策和程序遵循 的程度降低，根据内部控 ...

龙迅半导体（合肥）股份有限公司董事会 2025年2月27日 1 龙迅半导体（合肥）股份有限公司董事会 关于独立董事独立性自查情况的专项报告 根据《上市公司独立董事管理办法》《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》等要求，龙迅半导体（合肥）股份有限公司（以 下简称"公司"）董事会就公司在任独立董事陈来先生、解光军先生的独立性 情况进行评估并出具如下专项意见： 经核查独立董事陈来先生、解光军先生及其直系亲属和主要社会关系人员的 任职经历以及独立董事签署的相关自查文件，独立董事陈来先生、解光军先生不 存在《上市公司独立董事管理办法》第六条不得担任独立董事的情形，在担任公 司独立董事期间，独立董事已严格遵守中国证监会和上海证券交易所的相关规定， 确保有足够的时间和精力勤勉尽责地履行职责，作出独立判断，不受公司主要股 东、实际控制人或其他与公司存在利害关系的单位或个人的影响。公司独立董事 陈来先生、解光军先生符合《上市公司独立董事管理办法》《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》中对独立董事独立性的相关要 求。 ...

证券代码：688486 证券简称：龙迅股份 公告编号：2025-010 龙迅半导体（合肥）股份有限公司 2024 年度募集资金存放与实际使用情况的专项报告 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。 根据《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》 《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》《上海证券交 易所科创板股票上市规则》等有关法律、法规及相关文件的规定，龙迅半导体（合 肥）股份有限公司（以下简称"公司"或"本公司"）就2024年度募集资金存放与 实际使用情况的专项报告说明如下： 一、募集资金基本情况 （一）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《关于同意龙迅半导体（合肥）股份有限公司首次 公开发行股票注册的批复》（证监许可〔2023〕6号）核准，公司由主承销商中国国 际金融股份有限公司采用向战略投资者定向配售、网下向符合条件的投资者询价配 售、网上向持有上海市场非限售A股和非限售存托凭证市值的社会公众投资者定价发 行相结合的方式，公司首次公开发行人民币 ...

证券代码：688486 证券简称：龙迅股份 公告编号：2025-013 龙迅半导体（合肥）股份有限公司 关于变更会计政策的公告 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： 本次会计政策变更为龙迅半导体（合肥）股份有限公司（以下简称"公司"） 根据中华人民共和国财政部（以下简称"财政部"）发布的《企业会计准则应用指南 汇编 2024》《企业会计准则解释第 18 号》变更相应的会计政策，而进行的相应变更， 不涉及对公司以前年度的追溯调整，不会对公司已披露的财务报表产生影响。无需提 交公司董事会、监事会和股东大会审议。 本次会计政策变更对公司的财务状况、经营成果和现金流量没有影响，也不 存在损害公司及股东利益的情况。 一、会计政策变更情况概述 （一）变更原因：2024 年，财政部发布了《企业会计准则应用指南汇编 2024》、 《关于印发〈企业会计准则解释第 18 号〉的通知》，明确不属于单项履约义务的保 证类质量保证金的会计处理，应当根据《企业会计准则第 13 号——或有事项》规定， 在确认预计负债的同时，将 ...