核查意见 华泰联合证券有限责任公司 关于广州慧智微电子股份有限公司 2024 年度募集资金存放与实际使用情况的专项核查意见 华泰联合证券有限责任公司（以下简称"华泰联合证券"或"保荐人"）作 为广州慧智微电子股份有限公司（以下简称"慧智微"或"公司"）首次公开发 行股票并在科创板上市持续督导阶段的保荐人，根据《证券发行上市保荐业务管 理办法》《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股票上市规则》《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》等有关规定，对慧智微首次公开发行 A 股股 票募集资金 2024 年度（以下又称"报告期"）存放与使用情况进行了审慎核查， 核查情况如下： 一、募集资金的基本情况 （一）实际募集资金金额和资金到账时间 根据中国证券监督管理委员会《关于同意广州慧智微电子股份有限公司 首次公开发行股票注册的批复》（证监许可[2023]462号），并经上海证券交 易所同意，公司首次公开发行人民币普通股（A股）5,430.05万股，每股发行价 格20.92元，本次募集资金总额为人民币113,596.65万元，扣除各项发行费 ...

Financial Performance - The company's operating revenue for Q1 2025 was ¥136,864,395.13, representing a year-on-year increase of 30.63% compared to ¥104,771,108.87 in the same period last year[4] - The net profit attributable to shareholders was ¥3,567,106.59, a significant turnaround from a loss of ¥81,136,545.62 in the previous year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥60,674,498.60, an improvement from -¥93,065,462.97 year-on-year[4] - The basic and diluted earnings per share were both ¥0.01, a recovery from -¥0.18 in the same period last year[4] - Total revenue for Q1 2025 reached ¥136,864,395.13, a 30.7% increase from ¥104,771,108.87 in Q1 2024[20] - Operating profit for Q1 2025 was ¥3,637,702.35, a significant recovery from a loss of ¥81,033,105.02 in Q1 2024[21] - Net profit for Q1 2025 was ¥3,567,106.59, compared to a net loss of ¥81,136,545.62 in Q1 2024[22] - Earnings per share for Q1 2025 was ¥0.01, a recovery from a loss of ¥0.18 per share in Q1 2024[22] Cash Flow and Liquidity - The net cash flow from operating activities was -¥55,223,289.45, which is less negative than -¥82,158,080.50 in the same period last year[4] - Cash flow from operating activities in Q1 2025 was ¥147,600,604.76, up from ¥108,404,462.62 in Q1 2024[23] - Net cash inflow from operating activities was CNY 158,582,808.12, compared to CNY 132,381,836.45 in the previous period, reflecting an increase of approximately 19.7%[24] - Total cash outflow from operating activities was CNY 213,806,097.57, slightly decreased from CNY 214,539,916.95, indicating a marginal improvement[24] - The total cash and cash equivalents at the end of the period stood at CNY 753,937,524.03, down from CNY 897,412,304.02, representing a decrease of approximately 16.0%[25] - The company reported a net cash decrease of CNY 76,371,359.81, compared to a much larger decrease of CNY 453,197,962.23 in the previous period, indicating improved cash management[25] Research and Development - Research and development (R&D) expenses totaled ¥45,630,814.75, a decrease of 30.76% from ¥65,903,742.87 in the previous year[5] - R&D expenses accounted for 33.34% of operating revenue, down by 29.56 percentage points from the previous year[5] - Research and development expenses decreased to ¥45,630,814.75 in Q1 2025 from ¥65,903,742.87 in Q1 2024, indicating a 30.8% reduction[21] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,173,167,180.80, a decrease of 1.74% from ¥2,211,677,058.74 at the end of the previous year[5] - Total liabilities decreased from ¥405,367,867.98 to ¥348,440,063.44, a reduction of about 14.0%[18] - The company's equity attributable to shareholders increased from ¥1,806,309,190.76 to ¥1,824,727,117.36, showing a growth of approximately 1.0%[18] Shareholder Information - Total number of common shareholders at the end of the reporting period is 14,983[11] - The largest shareholder, Li Yang, holds 34,781,200 shares, representing 7.55% of the total shares[11] - The total number of shares held by the top 10 shareholders accounts for a significant portion of the company's equity, with the largest institutional investor holding 26,028,448 shares, or 5.65%[12] Government Support and Market Strategy - The company confirmed government subsidies of ¥60,669,600.14, contributing positively to the financial results[6] - The company is focused on maintaining a stable financial position while exploring new market opportunities and potential expansions[15] - There are no significant changes in the operational status of the company during the reporting period that require investor attention[13]

Financial Performance - The company reported a revenue of 523.99 million yuan for the fiscal year 2024, with a net loss attributable to shareholders of 438.42 million yuan[3]. - The net loss excluding non-recurring items was 473.63 million yuan, primarily due to increased price pressure in the RF front-end market and asset impairment provisions[3]. - The company reported a significant increase in revenue, achieving a total of 1.2 billion CNY, representing a year-over-year growth of 25%[18]. - The company's operating revenue for 2024 was CNY 523.99 million, a decrease of 5.08% compared to the previous year[25]. - The net profit attributable to shareholders for 2024 was a loss of CNY 438.42 million, which is an increase in net loss of 7.32% year-over-year[27]. - The net cash flow from operating activities for 2024 was a negative CNY 295.05 million, representing a 35.54% increase in net outflow compared to the previous year[28]. - The gross margin for the last quarter was reported at 45%, reflecting improved operational efficiency[18]. - The company reported a decrease in operating revenue due to intense industry competition, leading to a further squeeze on product gross margins[38]. Research and Development - The company is investing $F million in R&D for new technologies aimed at improving product efficiency and expanding its market share[15]. - Research and development expenses for 2024 amounted to CNY 248.42 million, accounting for 47.41% of operating revenue, a decrease of 11.43 percentage points from the previous year[27]. - The company has established a high-efficiency R&D management system to improve the synergy of its R&D team and enhance overall R&D capabilities[39]. - The company has developed core technologies with independent intellectual property rights, enhancing its competitive position in the RF front-end chip market[68]. - The company achieved a total R&D investment of ¥248,420,315.08, a decrease of 23.52% compared to the previous year[82]. - The company has successfully launched multiple 5G RF front-end products, including the L-PAMiD and n77/n79 dual-band modules, enhancing its market position[92]. Market Expansion and Strategy - The company plans to continue strengthening its core technology barriers and accelerate the industrial application of technological achievements to achieve profitability[4]. - Market expansion efforts include entering G new regions, which are expected to generate an additional $H million in revenue over the next fiscal year[15]. - The company is expanding its market presence in Southeast Asia, targeting a 20% market share by the end of the fiscal year[19]. - The company is actively developing new products in the IoT sector to meet diverse communication needs[92]. - The company is focusing on expanding its customer base among leading brands to enhance market influence and brand recognition[173]. Product Development and Innovation - New product launches are anticipated to contribute an additional $E million in revenue, with a focus on enhancing user experience and market penetration[15]. - The company launched a low-voltage MMMB PA module capable of outputting high power at 3.4V, meeting high bandwidth and linearity requirements, demonstrating strong competitiveness[53]. - The company introduced high-performance, low-power Wi-Fi FEM products for routers, smartphones, and IoT devices, addressing the growing importance of Wi-Fi technology in wireless communication[55]. - The company is developing a new series of multi-band power amplifier modules, achieving industry-leading performance levels[86]. - The company is focused on expanding its product portfolio to meet market demand, enhancing its competitive edge in the RF front-end market[38]. Corporate Governance and Compliance - The company emphasizes investor communication and has improved its internal control system to comply with listing regulations[41]. - The company maintains independent operations from its controlling shareholder in terms of personnel, assets, finance, and business[184]. - The company strictly adheres to information disclosure regulations, ensuring the accuracy and completeness of disclosed information[185]. - The board of directors held 7 meetings during the reporting period, ensuring compliance with legal and regulatory requirements[181]. Risks and Challenges - The company faces significant price pressure in the RF front-end market, impacting gross margins due to increased competition[27]. - The company is exposed to risks from international trade tensions that may impact its supply chain and customer sales[121]. - The company faces risks related to fluctuations in gross profit margin due to market demand changes and competition[112]. - The company is at risk of inventory write-downs if it fails to accurately predict market demand[114]. Future Outlook - The company provided guidance for the next quarter, expecting revenue to be in the range of $B million to $C million, which reflects a growth rate of D% year-over-year[15]. - The company has a total of 438 intellectual property rights, including 318 granted rights, reflecting its commitment to innovation and technology development[81]. - The company plans to invest $200 million in new technology infrastructure over the next two years[196]. - The management expressed optimism about future growth prospects, citing strong user data and market demand[191].

广州慧智微电子股份有限公司 2024 年度独立董事述职报告 本人李斌，作为广州慧智微电子股份有限公司（以下简称"公司"） 的独立董事，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》"）《上海证券交易 所科创板股票上市规则》《上市公司独立董事管理办法》等法律法规及《公 司章程》《独立董事工作制度》等规定，本着独立、客观、公正的原则， 以恪尽职守、勤勉尽责的工作态度，依法依规认真行使独立董事职权，及 时了解公司经营信息，全面关注公司发展状况，出席了年度内召开的股东 大会、董事会和董事会专门委员会，忠实履行了独立董事应尽的职责，较 好发挥了独立董事的职能作用，切实维护公司和股东，特别是中小投资者 的合法权益。现将本人 2024 年度履职情况报告如下： 一、独立董事的基本情况 （一）个人工作履历、专业背景及兼职情况 李斌女士，独立董事，中国国籍，无境外永久居留权，1967 年出生， 毕业于香港大学电子工程专业，博士研究生学历，教授，博士生导师。1992 年 4 月至 2007 年 12 月，历任华南理工大学物理科学与技术学院（应用物 理系）讲师、副教授、教授，担 ...

2024 年度独立董事述职报告 本人洪昀，作为广州慧智微电子股份有限公司（以下简称"公司"） 的独立董事，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》"）《上海证券交易 所科创板股票上市规则》《上市公司独立董事管理办法》等法律法规及《公 司章程》《独立董事工作制度》等规定，本着独立、客观、公正的原则， 以恪尽职守、勤勉尽责的工作态度，依法依规认真行使独立董事职权，及 时了解公司经营信息，全面关注公司发展状况，出席了任期内召开的股东 大会、董事会和董事会专门委员会，忠实履行了独立董事应尽的职责，较 好发挥了独立董事的职能作用，切实维护公司和股东，特别是中小投资者 的合法权益。现将本人 2024 年度任期内履职情况报告如下： 广州慧智微电子股份有限公司 一、独立董事的基本情况 （一）个人工作履历、专业背景及兼职情况 洪昀先生，独立董事，中国国籍，无境外永久居留权，1984 年出生， 毕业于上海财经大学，会计学博士学位。2013 年 6 月至 2014 年 5 月任职于 中国工商银行上海分行，2014 年 5 月至 2020 年 7 月任职于湖南大学工商管 ...

第一条 为提高广州慧智微电子股份有限公司（以下简称"公司"）舆情应 对和管理能力，建立快速反应和应急处置机制，及时发现、准确分析、有效引导 和妥善处置各类舆情事件，维护公司良好的企业形象，切实保护投资者合法权益， 根据《上海证券交易所科创板股票上市规则》《上市公司监管指引第10号——市 值管理》等相关法律、法规和规范性文件的规定以及《广州慧智微电子股份有限 公司章程》（以下简称"《公司章程》"），结合公司实际情况，制定本制度。 第二条 本制度所称舆情包括但不限于： （一）报刊、电视、网络等媒体对公司进行的负面报道、不实报道； 广州慧智微电子股份有限公司 舆情管理制度 第一章 总则 （二）社会上存在的已经或将给公司造成不良影响的传言或信息； （三）可能或者已经影响社会公众投资者投资取向，造成股价异常波动的信 息； （四）其他涉及公司信息披露且可能对公司股票及其衍生品交易价格产生较 大影响的事件信息。 第三条 舆情信息的分类： （一）重大舆情：指传播范围较广，严重影响公司公众形象或正常经营活动， 使公司已经或可能遭受较大损失，已经或可能造成公司股票及其衍生品交易价格 异常波动的负面舆情。 （二）一般舆情：指除重大 ...

本人薛爽，在任期内作为广州慧智微电子股份有限公司（以下简称"公 司"）的独立董事，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》"）《上海 证券交易所科创板股票上市规则》《上市公司独立董事管理办法》等法律 法规及《公司章程》《独立董事工作制度》等规定，本着独立、客观、公 正的原则，以恪尽职守、勤勉尽责的工作态度，依法依规认真行使独立董 事职权，及时了解公司经营信息，全面关注公司发展状况，出席了任期内 召开的股东大会、董事会和董事会专门委员会，忠实履行了独立董事应尽 的职责，较好发挥了独立董事的职能作用，切实维护公司和股东，特别是 中小投资者的合法权益。 2024 年 5 月 24 日，公司召开 2023 年年度股东大会，审议通过了《关 于补选公司独立董事的议案》，本人因个人原因辞去公司第一届董事会独 立董事职务，同时辞去董事会审计委员会委员及召集人、董事会薪酬与考 核委员会委员及召集人、董事会提名委员会委员的相应职务，本人任期自 2021 年 9 月 15 日至 2024 年 5 月 24 日止。现将本人 2024 年度任期内履职 情况报告如下： 一、独 ...

广州慧智微电子股份有限公司董事会 广州慧智微电子股份有限公司董事会 2024 年度关于独立董事独立性评估的专项意见 根据中国证监会《上市公司独立董事管理办法》《上海证券交易所科 创板股票上市规则》《上海证券交易所科创板上市公司自律监管指引第 1 号——规范运作》等相关要求，广州慧智微电子股份有限公司（以下简称 "公司"）董事会，就公司独立董事洪昀、李斌、薛爽（已离任）的独立 性情况进行评估并出具如下专项意见： 经核查公司独立董事洪昀、李斌、薛爽（已离任）的兼职、任职情况 以及其签署的独立性自查情况报告，上述人员除在公司担任独立董事外， 不存在在公司任职以及在公司主要股东单位任职的情形，与公司以及主要 股东之间不存在利害关系、重大业务往来或其他可能妨碍其独立性的关系。 董事会认为公司独立董事符合《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。 2025 年 4 月 25 日 ...

一、主要会计数据和财务指标 | 报告期指标 | 2024年年报 | 2023年年报 | 本年比上年增减(%) | 2022年年报 | | --- | --- | --- | --- | --- | | 基本每股收益（元） | -0.9600 | -0.9500 | -1.05 | -0.7700 | | 每股净资产（元） | 0 | 4.77 | -100 | 3.58 | | 每股公积金(元) | 5.96 | 5.88 | 1.36 | 3.97 | | 每股未分配利润(元) | -3.04 | -2.11 | -44.08 | -1.39 | | 每股经营现金流(元) | - | - | - | - | | 营业收入(亿元) | 5.24 | 5.52 | -5.07 | 3.57 | | 净利润(亿元) | -4.38 | -4.09 | -7.09 | -3.05 | | 净资产收益率(%) | -22.05 | -21.68 | -1.71 | -20.42 | 数据四舍五入，查看更多财务数据>> 二、前10名无限售条件股东持股情况 前十大流通股东累计持有： 10196.72万股，累计占流通股比： ...

华泰联合证券有限责任公司（以下简称"华泰联合证券" 或"保荐人" ）作为 广州慧智微电子股份有限公司（以下简称"慧智微"或"公司"） 首次公开发行股票 并在科创板上市持续督导阶段的保荐人，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》和《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》等有关规定，对慧智微2025年度对外担保额度预计事项进 行核查，具体核查情况如下： 一、担保及反担保情况概述 为满足全资子公司经营发展的资金需要，公司在全资子公司申请银行贷款、履约 担保等业务需要时为其提供担保及反担保。 （一）基本情况 华泰联合证券有限责任公司 关于广州慧智微电子股份有限公司 2025年度对外担保额度预计的核查意见 1、担保基本情况 公司预计为全资子公司尚睿微电子（上海）有限公司（以下简称"上海尚睿"） 日常经营发生的履约类担保提供总额不超过500万美元（按照2025年4月9日银行间外汇 市场人民币汇率中间价1美元对人民币7.2066元计算，折合人民币3,603.30万元）的担 保额度（含已经审议通过并尚在有效期内的担保额度）。 2、反担保基本情况 公司全资子公司慧智微 ...