证券代码：688508 证券简称：芯朋微 公告编号：2025-026 无锡芯朋微电子股份有限公司 2024 年限制性股票激励计划首次授予部分第一个归 属期归属结果公告 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： 根据中国证监会、上海证券交易所、中国证券登记结算有限责任公司上海分 公司有关业务规则的规定，本公司于 2025 年 4 月 30 日收到中国证券登记结算有 限责任公司上海分公司出具的《过户登记确认书》，公司 2024 年限制性股票激励 计划首次授予部分第一个归属期的股份已完成过户。现将有关情况公告如下： 一、本次限制性股票归属的决策程序及相关信息披露 （一）2024 年 4 月 2 日，公司召开第五届董事会第四次会议，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》、《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》、《关于提请公司股 东大会授权董事会办理股权激励相关事宜的议案》及《关于召开 2024 年第二次 临时股东大会的议案》，同日，公司 ...

关于召开 2024 年度暨 2025 年第一季度 业绩说明会的公告 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、准确性和完整性承担法律责任。 重要内容提示： 会议召开时间：2025 年 05 月 19 日（星期一）13:00-14:00 会 议 召 开 地 点 ： 上 海 证 券 交 易 所 上 证 路 演 中 心 （ 网 址 ： https://roadshow.sseinfo.com/） 证券代码：688508 证券简称：芯朋微 公告编号：2025-027 无锡芯朋微电子股份有限公司 董事长：张立新先生 董事会秘书、财务总监：易慧敏女士 独立董事：李洁慧女士 四、 投资者参加方式 会议召开方式：上证路演中心网络互动 投资者可于 2025 年 05 月 12 日（星期一）至 05 月 16 日（星期五）16:00 前登录上证路演中心网站首页点击"提问预征集"栏目或通过公司邮箱 ir@chipown.com.cn 进行提问。公司将在说明会上对投资者普遍关注的问题进行 回答。 无锡芯朋微电子股份有限公司（以下简称"公司"）已于 2025 年 3 月 29 ...

以下文章来源于橙子不糊涂 ，作者橙子 80后，集成电路背景，专注于AI硬科技、半导体领域的研究和投资。 申请入围"中国IC独角兽" 半导体高质量发展创新成果征集 25年Q1财报全部披露完，科技领域的财报值得重点关注，有一大批非常炸裂的，今天具体讨论3个 话题： 1，哪些领域 创了历史最佳； 2，哪些领域 接近，或者说"实际上最佳"； 3，未来哪些领域会 持续加速增长。 首先， 历史最佳财报 主要集中在3个领域： （1）AI芯片：国产AI推理芯片需求爆发 橙子不糊涂 . 主要代表是 寒武纪和海光信息 。Q1营收11.11亿元，同比增长42倍，净利润3.55亿元，最炸裂的是存货 和预付款，预示着Q2将环比几倍的增长。 海光信息， DCU3深算3号作为少数几款国产全精度卡，在一些顶尖应用比如 AI for science 上非常 出色。 （2）端侧 SoC芯片 ：受益于AI端侧设备的井喷 AIoT、自动驾驶、机器人，以及AI玩具、AI智能终端等新兴场景带动端侧算力芯片需求，国内一些巨 头已经有了质的突破，比如 瑞芯微 强悍的3588已经大量上车，明显的4nm的3688 性能会更加猛烈。 端侧SoC整个板块各个公司Q ...

德恒上海律师事务所 关于 无锡芯朋微电子股份有限公司 2024 年年度股东会之 见证意见 上海市东大名路 501 号上海白玉兰广场办公楼 23 层 电话：021-55989888/55989666 传真：021-5598 9898 邮编：200080 德恒上海律师事务所 关于无锡芯朋微电子股份有限公司 2024 年年度股东会之见证意见 德恒上海律师事务所 关于无锡芯朋微电子股份有限公司 致：无锡芯朋微电子股份有限公司 德恒上海律师事务所接受无锡芯朋微电子股份有限公司（以下简称"公司"） 的委托，指派本所见证律师对公司于 2025 年 4 月 22 日上午 10:00 召开的 2024 年年度股东会（以下简称"本次股东会"）进行见证并出具本见证意见。 本所见证律师依据本见证意见出具日前已经发生或存在的事实和《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》"）、《上市公司股东大会规则》（以下简称"《股东大会 规则》"）等现行有效的法律、法规和规范性文件以及《无锡芯朋微电子股份有 限公司章程》（以下简称"《公司章程》"）、《无锡芯朋微电子股份有限公司 股东大会议 ...

证券代码：688508 证券简称：芯朋微 公告编号：2025-025 无锡芯朋微电子股份有限公司 2024年年度股东大会决议公告 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 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） 股东大会召开的时间：2025 年 04 月 22 日 （二） 股东大会召开的地点：无锡市新吴区长江路 16 号芯朋大厦 2 楼会议室 （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： 二、 议案审议情况 （一） 非累积投票议案 1、 议案名称：《关于<2024 年度董事会工作报告>的议案》 审议结果：通过 | 1、出席会议的股东和代理人人数 | 109 | | --- | --- | | 普通股股东人数 | 109 | | 2、出席会议的股东所持有的表决权数量 | 42,074,959 | | 普通股股东所持有表决权数量 | 42,074,959 | | 3、出席会议的股东所持有表决权数量占公司表决权数量的比 | 32.04 ...

Core Viewpoint - Chipong Micro (688508.SH) has demonstrated significant growth in its operating performance, driven by market expansion and product optimization, with a notable increase in revenue and net profit in Q1 2024 [1][2]. Financial Performance - In Q1 2024, Chipong Micro achieved revenue of 301 million yuan, representing a year-on-year increase of 48.23%, and a net profit of 41.07 million yuan, up 72.54% [2]. - For the full year 2024, the company is projected to reach total revenue of 965 million yuan, a growth of 23.61%, and a net profit of 111 million yuan, increasing by 87.18% [2]. Product Development and Market Position - Chipong Micro has developed over 1,720 product models and is a leader in high and low voltage integrated semiconductor technology [3]. - In 2024, the company launched over 100 new products, including 28 high/low voltage driver chips and 70 power chips [3]. - The revenue from household appliance chips is expected to reach 621 million yuan in 2024, a growth of 28.73%, with a gross margin increase of 0.27 percentage points to 38.65% [3]. Research and Development - Chipong Micro has a strong focus on R&D, with 72.89% of its employees dedicated to this area, and has seen a steady increase in R&D expenses from 189 million yuan in 2022 to 226 million yuan in 2024 [4]. - The company has accumulated 329 valid intellectual property rights, with 29 new patents granted in 2024 [4][5]. Industry Outlook - The global market for power management chips is projected to reach 56.5 billion USD by 2026, indicating significant growth potential for domestic companies like Chipong Micro [5]. - The domestic power management chip design industry is in an upward trend, with local products increasingly replacing foreign competitors in various application markets [5].

Core Insights - The company reported a significant increase in revenue and net profit for Q1 2025, with revenue reaching 301 million yuan, a year-on-year growth of 48.23%, and a net profit of 41 million yuan, up 72.54% year-on-year [1][2]. Financial Performance - In Q1 2025, the company achieved revenue of 301 million yuan, representing a year-on-year increase of 48.23% and a quarter-on-quarter increase of 17.11% - The net profit attributable to the parent company was 41 million yuan, showing a year-on-year growth of 72.54% and a quarter-on-quarter growth of 20.48% - The gross margin stood at 36.69%, with a slight year-on-year decrease of 0.05 percentage points but a quarter-on-quarter increase of 0.3 percentage points, indicating stability in profitability [2]. Market and Product Development - The market is recovering, driven by government policies aimed at promoting equipment upgrades and consumption of new products, which has positively impacted demand for chips [2]. - The company has successfully expanded its product lines, achieving breakthroughs in several new technology areas, including high-voltage isolation half-bridge chips and digital power chips, with new products growing over 120% year-on-year in Q1 2025 [3]. - The company is enhancing its product promotion efficiency by providing a comprehensive "PowerSemi Total Solution" to customers, which is expected to drive significant growth in emerging fields such as renewable energy, robotics, and AI computing [3]. Future Projections - The company is projected to achieve revenues of 1.22 billion yuan, 1.55 billion yuan, and 1.94 billion yuan for the years 2025, 2026, and 2027, respectively, with net profits of 160 million yuan, 220 million yuan, and 290 million yuan for the same years [4].

Investment Rating - The report maintains a "Buy" rating for Chipown Microelectronics (688508) [2] Core Views - The company reported strong performance with Q1 2025 revenue of 301 million yuan, a year-on-year increase of 48.23%, and a net profit of 41 million yuan, up 72.54% year-on-year [6][7] - The market is recovering, driven by government policies supporting equipment upgrades and consumption incentives, which are expected to boost demand for ACDC and driver chips [7] - The company has successfully expanded its product lines, achieving significant growth in new products, with revenue from high/low voltage driver chips and digital power chips increasing by over 120% year-on-year [8] Financial Summary - The latest closing price is 52.32 yuan, with a total market capitalization of 6.9 billion yuan [4] - The company is projected to achieve revenues of 1.22 billion yuan in 2025, 1.55 billion yuan in 2026, and 1.94 billion yuan in 2027, with corresponding net profits of 161 million yuan, 219 million yuan, and 293 million yuan respectively [9][11] - The company maintains a stable gross margin of 36.69% in Q1 2025, with a slight year-on-year decrease of 0.05 percentage points [7]

Investment Rating - The report maintains a "Buy" rating for Chipown Microelectronics (688508) [2][9] Core Views - The company reported a significant revenue increase of 48.23% year-on-year for Q1 2025, reaching 301 million yuan, with a net profit growth of 72.54% to 41 million yuan [6][7] - The market recovery and government policies are expected to boost demand for ACDC and driver chips, contributing to the company's strong performance [7] - New product lines are expanding successfully, with revenue from new products growing over 120% year-on-year, enhancing the company's market position in emerging fields like renewable energy and AI [8] Company Overview - Latest closing price: 52.32 yuan - Total shares: 1.31 billion; Total market capitalization: 6.9 billion yuan - 52-week high/low: 57.89 / 28.41 yuan - Debt-to-asset ratio: 15.7%; Price-to-earnings ratio: 60.14 [4] Financial Forecasts - Expected revenues for 2025, 2026, and 2027 are 1.22 billion, 1.55 billion, and 1.94 billion yuan respectively, with net profits of 161 million, 219 million, and 293 million yuan [9][11] - The company anticipates a revenue growth rate of 26.42% in 2025, 27.43% in 2026, and 25.06% in 2027 [11]

Summary of the Conference Call for Chipone Microelectronics Company Overview - **Company**: Chipone Microelectronics - **Date**: Q1 2025 Conference Call Key Points Industry and Company Performance - **Record Revenue**: Chipone achieved a record revenue of 301 million yuan in Q1 2025, marking a 48% year-over-year increase and a 17% quarter-over-quarter increase [3][2] - **Growth Drivers**: The growth was primarily driven by three application areas: home appliances, industrial, and automotive sectors, with home appliances growing the fastest at 52% [2][11] - **Market Share**: The company aims to maintain a growth rate of 20%-25% in the home appliance sector for 2024, with expected annual sales of no less than 1.2 billion yuan [12][2] Product Performance - **New Products**: New products, including digital power, drivers, and power devices, saw a 120% year-over-year increase. IGBT product sales surged 18 times year-over-year [6][2] - **Industrial and Automotive Sales**: Sales in the industrial and automotive sectors reached 4.3 million yuan, a tenfold increase year-over-year, with a growing market share among domestic server manufacturers [4][2] Research and Development - **R&D Investment**: The company plans to add at least 50 R&D personnel, maintaining an R&D expense ratio of 20%-25% for the year. The Q1 R&D expense ratio was 19%, down from 23% in the previous year [7][19] - **Product Lifecycle**: New products are classified as such for two years post-launch, with a target of achieving 30% of total revenue from new products [5][18] Inventory and Supply Chain - **Inventory Management**: As of the end of Q1, inventory stood at approximately 340 million yuan, an 11% year-over-year increase, with a healthy stocking cycle of 4-5 months [8][2] - **Tariff Impact**: Tariff policies have prompted domestic clients to seek alternatives, with Chipone promoting its products to top domestic clients, although the direct impact on orders remains unclear [10][2] Market Outlook - **Q2 Expectations**: The company maintains a cautiously optimistic outlook for Q2, expecting to sustain the momentum from Q1 despite potential impacts from tariff adjustments [9][2] - **Sales Projections**: The overall sales target for the year has been adjusted to 1.2 billion yuan, with expectations of continued growth across all sectors [31][2] Competitive Landscape - **Market Position**: Chipone's AC-DC converter market share is approximately 30%, with significant room for growth in the domestic market, particularly in the home appliance sector [20][2] - **Customization for Clients**: The company has not yet developed customized products for specific clients in the robotics industry but has existing products that meet their needs [21][2] Financial Metrics - **Gross Margin**: The company aims to maintain a gross margin of 35% for the year, despite slight declines due to competitive pricing pressures [13][34] - **Investment Income**: Investment income has been lower in Q1 due to market conditions affecting fixed-income products [25][2] Additional Insights - **Sector Performance**: The home appliance sector accounted for 65% of total sales in Q1, with expectations for continued strong performance in the first half of the year [16][2] - **Future Growth Areas**: The company is focusing on expanding its presence in the renewable energy sector, including solar and energy storage applications [30][2] This summary encapsulates the key insights and data points from the conference call, providing a comprehensive overview of Chipone Microelectronics' performance, strategies, and market outlook.