证券代码：688498 证券简称：源杰科技 公告编号：2024-063 陕西源杰半导体科技股份有限公司 监事会关于 2024 年限制性股票激励计划 首次授予激励对象名单的核查意见及公示情况说明 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。 陕西源杰半导体科技股份有限公司（以下简称"公司"）于 2024 年 8 月 29 日召开第二届董事会第六次会议、第二届监事会第四次会议，审议通过了《关 于公司<2024 年限制性股票激励计划（草案）>及其摘要的议案》等相关议案， 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》）、《上市公司股权激励管理办法》（以下简 称《管理办法》）及《陕西源杰半导体科技股份有限公司章程》（以下简称 《公司章程》）等的有关规定，公司对 2024 年限制性股票激励计划拟首次授予 的激励对象名单在公司内部进行了公示。公司监事会结合公示情况对拟首次授 予的激励对象名单进行了核查，相关公示及核查情况如下： 一、公示情况说明及核查方式 （一）公示情况 1、公司于 ...

根据《证券发行上市保荐业务管理办法》《上海证券交易所科创板股票上市 规则》《上海证券交易所上市公司自律监管指引第 11 号——持续督导》等有关法 律法规的规定，国泰君安证券股份有限公司（以下简称"国泰君安"或"保荐机 构"）作为陕西源杰半导体科技股份有限公司（以下简称"源杰科技"或"公 司"）持续督导工作的保荐机构，负责源杰科技上市后的持续督导工作，并出具 本持续督导跟踪报告。 | 序号 | 工作内容 | 持续督导情况 | | --- | --- | --- | | 1 | 建立健全并有效执行持续督导工作制度，并针 | 保荐机构已建立健全并有效执行 了持续督导制度，并制定了相应 | | | 对具体的持续督导工作制定相应的工作计划 | | | | | 的工作计划 | | 2 | 根据中国证监会相关规定，在持续督导工作开 | 保荐机构已与源杰科技签订了 | | | 始前，与上市公司或相关当事人签署持续督导 | 《持续督导协议》，该协议明确 | | | 协议，明确双方在持续督导期间的权利义务， | 了双方在持续督导期间的权利和 | | | 并报上海证券交易所备案 | 义务 | | 3 | 通过日常沟通、定期回访、现 ...

[Table_Main] 公司研究|信息技术|半导体与半导体生产设备 证券研究报告 源杰科技(688498)公司点评报告 2024 年 09 月 05 日 [Table_Title] CW 光源产品批量出货，电信侧市场回暖 ——源杰科技(688498)2024 年中报点评 事件： [Table_Summary] 8 月 29 日晚间，源杰科技发布 2024 年中期报告。2024H1，公司实现营业 收入 1.20 亿元，同比 95.96%；实现归母净利润 0.11 万元，同比下降 44.56%。 其中，2024Q2，公司实现收入 0.60 亿元，同比 127.07%，环比 0.05%；归 母净利润 0.002 亿元。 点评： 光电半导体材料稳步放量，盈利能力大幅改善 收入端，电信及数据中心侧收入均同比高增。1）电信侧公司实现收入 1.10 亿元，同比 94.61%。主要系市场恢复，加之产品线进一步丰富，传统的 2.5G 和 10G DFB 订单需求回暖；10G EML 产品进一步在客户侧推广，订单相 较于去年同期大幅提升。2）数据中心侧公司实现收入 1,049.25 万元，较上 年同期上升 111.27%。主要 ...

证券代码：688498 证券简称：源杰科技 陕西源杰半导体科技股份有限公司 2024 年第二次临时股东会 会议资料 陕西源杰半导体科技股份有限公司 2024 年 9 月 四、会议期间，与会者应注意维护会场秩序，不要随意走动，请关闭手机或 将其调至静音状态，保持会场安静。对干扰股东会秩序和侵犯其他股东合法权益 的行为，会务组有权采取相应措施加以制止，并及时报告有关部门查处。 陕西源杰半导体科技股份有限公司 2024 年第二次临时股东会资料 目 录 | 2024 年第二次临时股东会会议须知 1 | | --- | | 2024 年第二次临时股东会会议议程 3 | | 议案一：关于公司《2024 年限制性股票激励计划（草案）》及其摘要的议案 ..5 | | 议案二：关于公司《2024 年限制性股票激励计划实施考核管理办法》的议案 .6 | | 议案三：关于提请股东会授权董事会办理公司 2024 年限制性股票激励计划相关 | | 事项的议案 7 | | 议案四：关于修订《公司章程》并办理工商变更登记的议案 10 | | 议案五：关于增选第二届董事会非独立董事的议案 11 | 陕西源杰半导体科技股份有限公司 2024 ...

证券研究报告 | 公司动态点评 2024 年 09 月 03 日 源杰科技（688498.SH） 电信及数据中心业务订单复苏，带动公司上半年营收稳步提升 | --- | --- | --- | --- | --- | --- | --- | --- | |--------------------------------------------|-------|-------|-------|-------|-------|-----------------------------------------|----------| | | | | | | | | | | 财务指标 | 2022A | 2023A | 2024E | 2025E | 2026E | 买入（维持评级） | | | 营业收入（百万元） | 283 | 144 | 273 | 461 | 572 | 股票信息 | | | 增长率 yoy （ % ） | 21.9 | -49.0 | 89.0 | 69.0 | 24.0 | | | | 归母净利润（百万元） | 100 | 19 | 46 | 139 | 175 | 行业 | 电子 | | ...

证券代码：688498 证券简称：源杰科技 公告编号：2024-061 2024 年 2 月 7 日，陕西源杰半导体科技股份有限公司（以下简称"公司"）召 开第二届董事会第二次会议，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》。同意公司使用部分超募资金及自有资金通过上海证券交易所交易系 统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）股份，并将回购 股份在未来适宜时机用于员工持股计划或股权激励。回购价格不超过人民币 180 元/ 股（含），回购资金总额不低于人民币 5,000 万元（含），不超过人民币 10,000 万 元（含），回购期限为自公司董事会审议通过本次回购股份方案之日起 12 个月内； 同时授权公司管理层具体办理本次回购股份的相关事宜。 具体内容详见公司于2024年2月8日在上海证券交易所网站（www.sse.com.cn） 披露的《陕西源杰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 方案的公告》（公告编号：2024-016）及 2024 年 2 月 20 日在上海证券交易所网站 （www.sse.com.cn）披露的《陕西源杰半导体科技股份有限公司关于 ...

证券代码：688498 证券简称：源杰科技 编号：2024-003 | --- | --- | --- | --- | |----------------------|--------------|----------------------|--------------------------------------------------| | | | | | | | 特定对象调研 | 分析师会议 | | | | 媒体采访 | 业绩说明会 | | | 投资者关系活动类别 | 新闻发布会 | 路演活动 | | | | 现场参观 | | | | | 其他（2024 | 年半年报业绩交流会） | | | 参与单位名称及人员姓 | | | 泰达宏利基金管理有限公司、海富通基金管理有限公 | | 名 | | | 司、富荣基金管理有限公司、中加基金管理有限公司、 | | | | | 九泰基金管理有限公司、兴合基金管理有限公司、易方 | | | | | 达基金管理有限公司、国金基金管理有限公司、招商基 | | | | | 金管理有限公司、汇丰晋信基金管理有限公司、嘉实基 | | | | | 金管理有限公司、蜂巢基金管理 ...

Investment Rating - The report maintains a "Buy" rating for the company, with a target price set at 87.37 CNY per share [6]. Core Views - The company reported significant revenue growth of 96% year-on-year, achieving 120 million CNY in revenue for the first half of 2024, although net profit decreased by 45% to 10.75 million CNY due to changes in product structure and increased R&D investments [1][4]. - The recovery in the telecom market, particularly in traditional 2.5G and 10G DFB orders, contributed to revenue growth, while the decline in net profit was attributed to reduced government subsidies and increased R&D spending [1][2]. - The company is focusing on R&D, with a 67% increase in R&D expenditure to 22.05 million CNY, representing 18% of total revenue, and an increase in R&D personnel from 77 to 103 [3][4]. Revenue and Profit Analysis - Revenue from the telecom market reached 110 million CNY, up 95% year-on-year, while data center and other revenues surged by 409% to 9.22 million CNY [2]. - The overall gross margin decreased by 5.6 percentage points to 33.4%, with telecom market gross margin at 30%, down 8.9 percentage points year-on-year [2]. R&D and Product Development - The company is investing heavily in silicon photonics and high-speed EML products, with ongoing development in 50G PON and 100G EML products [3]. - The company has achieved mass production capability for 50mw/70mw CW light sources and is optimizing yield [3]. Employee Incentives - A restricted stock incentive plan has been proposed, granting 571,700 shares at a price of 66.06 CNY per share to 176 employees, aimed at enhancing employee motivation and operational efficiency [4]. Financial Forecast - The net profit forecast for 2024-2026 has been revised downwards to 50.42 million CNY, 148.99 million CNY, and 234.25 million CNY respectively, due to increased R&D investments and product structure changes [4][5].

Investment Rating - The investment rating for the company is not explicitly stated in the report, but it suggests maintaining attention to the company's developments [4]. Core Insights - The company reported a revenue of 120 million yuan for the first half of 2024, representing a year-on-year increase of 95.96%. However, the net profit attributable to shareholders decreased by 44.56% to 10.75 million yuan. The non-recurring net profit increased by 129.97% to 9.47 million yuan [2][6]. - The telecom market business revenue grew by 94.61%, while the data center and other businesses saw a revenue increase of 111.27% [6]. - The company is increasing its investment in high-end optical chip research and development, with products like 100G PAM4 EML and CW light sources in customer testing stages, and some CW products starting mass delivery [6]. - A stock incentive plan was announced, aiming to grant 571,700 restricted shares to 176 individuals, including directors and key personnel, with performance targets set for 2024-2026 [6]. Financial Performance Summary - For the first half of 2024, the company achieved a gross margin of 33.42%, a decrease of 5.59 percentage points year-on-year, primarily due to increased competition and production costs [6]. - The projected revenues for 2024-2026 are estimated at 262 million yuan, 427 million yuan, and 575 million yuan, with year-on-year growth rates of 81.57%, 62.74%, and 34.75% respectively. The net profit attributable to shareholders is projected to be 51 million yuan, 145 million yuan, and 215 million yuan for the same period, with growth rates of 160.48%, 184.99%, and 48.51% respectively [6][7].

Investment Rating - The report maintains a "Recommendation" rating for the company, indicating a positive outlook for its stock performance in the near term [4][7][10]. Core Insights - The company reported a significant recovery in revenue, achieving 120 million yuan in the first half of 2024, a year-on-year increase of 95.96%. However, the net profit attributable to the parent company decreased by 44.56% to 11 million yuan [4][6][7]. - The data center business is experiencing rapid growth, with revenue from this segment increasing by 408.78% year-on-year, although it remains a smaller part of the overall business [6][7]. - The company is expanding its product applications in the telecom and data center markets, driven by increasing demand for high-speed optical devices due to advancements in AI and infrastructure development [6][7]. Financial Performance Summary - Revenue for 2024 is projected to be 276 million yuan, with a year-on-year growth of 91.4% [5][9]. - The net profit for 2024 is expected to reach 60 million yuan, reflecting a significant recovery from previous years [5][9]. - The gross margin for the company has decreased to 33.42%, down 5.59 percentage points from the previous year, primarily due to increased competition and production costs [7][9]. - The company’s operating expenses have decreased, with R&D expenses at 18.35% and management expenses down by 11.22% [7][9]. Market Position and Outlook - The company is well-positioned in the telecom market, benefiting from the ongoing rollout of 5G and gigabit fiber networks, which are expected to drive demand for its products [6][7]. - The anticipated growth in the data center market, fueled by AI developments, is expected to further enhance the company's revenue potential [6][7]. - The report suggests that despite recent volatility in performance, the company's market position and product development align well with industry trends, supporting a positive long-term outlook [7][9].