Company Overview - Chip Original is a semiconductor company providing customized chip services and semiconductor IP authorization, focusing on a platform-based, comprehensive service model [1] - The company has a diverse range of proprietary IPs, including GPU, NPU, VPU, DSP, ISP, and Display Processor IPs, along with over 1,600 mixed-signal and RF IPs [2] Market Position and Performance - In 2023, Chip Original ranked first in China and eighth globally in semiconductor IP authorization market share, with a sixth-place ranking in global IP licensing revenue [2] - The company achieved a revenue of 718 million CNY in Q3 2024, reflecting a quarter-on-quarter growth of 16.96% and a year-on-year growth of 23.60% [3] - As of Q3 2024, the company had a backlog of orders amounting to 2.138 billion CNY, with 78.26% expected to convert to revenue within a year [3][4] Business Model and Strategy - Chip Original operates under a unique business model with no product inventory risk and no application domain boundaries, allowing for rapid recovery in business performance [3][4] - The company is actively pursuing market expansion in emerging sectors and has signed new orders worth 648 million CNY in Q3 2024 [3] Future Outlook - The semiconductor industry is gradually recovering, and Chip Original anticipates continued improvement in revenue, with Q3 2024 marking a record high for the quarter [4] - The company plans to enhance its core competitiveness by focusing on markets such as AIGC, ADAS, and smart wearable devices, while also strengthening its system design capabilities [5]

证券代码：688521 证券简称：芯原股份 公告编号：2024-041 芯原微电子（上海）股份有限公司 关于增加日常关联交易预计额度的公告 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： 本次新增日常关联交易预计额度事项连同第二届董事会第十六次会议审 议的关联交易事项所涉关联交易金额累计达到股东大会审议标准，故本次增加日 常关联交易预计额度事项尚需提交股东大会审议。 新增日常关联交易对公司的影响：公司本次预计新增的日常关联交易为 公司正常经营业务所需，关联交易定价政策和定价依据按照公开、公平、公正的 原则，双方交易价格公允，不会对公司及公司财务状况、经营成果产生不利影响， 不会损害公司及全体股东特别是中小股东利益，不会对关联方形成依赖，也不会 影响公司的独立性。 一、日常关联交易基本情况 （一）日常关联交易履行的审议程序 芯原微电子（上海）股份有限公司（以下简称"公司"）于 2024 年 3 月 29 日召开第二届董事会第十三次会议暨 2023 年年度董事会会议，审议通过了《关 于公司未来一年预计发生的日常 ...

证券代码：688521 证券简称：芯原股份 公告编号：2024-040 芯原微电子（上海）股份有限公司（以下简称"公司"）第二届监事会第十五 次会议通知已于 2024 年 10 月 23 日发出，会议于 2024 年 10 月 30 日在公司会议 室以现场及电话会议的方式召开。本次监事会会议应出席会议的监事 3 人，实际 出席监事 3 人。本次会议召开符合《中华人民共和国公司法》（以下简称"《公司 法》"）等有关法律、法规和《芯原微电子（上海）股份有限公司章程》（以下简 称"《公司章程》"）的规定，表决形成的决议合法、有效。 二、监事会会议审议情况 经过与会监事认真审议，形成如下决议： 1、审议通过《关于审议公司 2024 年第三季度报告的议案》 认为公司 2024 年第三季度报告的编制和审核程序符合相关法律法规、《公司 章程》等规定，能够公允地反映公司 2024 年 1-9 月的财务状况和经营成果。监 事会及全体监事保证公司 2024 年第三季度报告所披露的信息真实、准确、完整， 所载资料不存在任何虚假记载、误导性陈述或重大遗漏，并对其内容的真实性、 准确性和完整性依法承担法律责任。同意《芯原微电子（上海） ...

芯原微电子（上海）股份有限公司 第二届董事会独立董事第三次专门会议决议 根据《上市公司独立董事管理办法》《芯原微电子（上海）股份有限公司章 程》《芯原微电子（上海）股份有限公司独立董事工作制度》和《芯原微电子（上 海）股份有限公司独立董事专门会议议事规则》等有关规定，芯原微电子（上海） 股份有限公司（以下简称"公司"）独立董事对公司提交的《关于增加日常关联交 易预计额度的议案》进行了审阅，认为： 公司增加本年度（即自股东大会审议通过本议案之日起至 2024 年年度股东 大会召开之日止）预计发生的日常关联交易额度符合《中华人民共和国公司法》 《上海证券交易所科创板股票上市规则》《芯原微电子（上海）股份有限公司章 程》等相关规定，公司与关联方之间发生的交易基于公司生产经营需要，交易定 价公平、合理，日常关联交易额度的预计符合交易双方业务发展需求，不存在损 害公司及中小股东利益的情形，不会影响公司的独立性，也不会对公司持续经营 产生影响，符合公司的长远发展规划。同意将该议案提交公司第二届董事会第十 七次会议审议。 全体独立董事审议通过了上述议案。上述议案尚需提交公司董事会审议，并 在董事会审议通过后提交公司股东大会 ...

证券代码：688521 证券简称：芯原股份 公告编号：2024-042 芯原微电子（上海）股份有限公司 关于召开 2024 年第二次临时股东大会的通知 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： 一、 召开会议的基本情况 召开地点：上海市浦东新区张江高科技园区松涛路 560 号张江大厦 20 楼芯 原股份会议室 （五） 网络投票的系统、起止日期和投票时间。 网络投票系统：上海证券交易所股东大会网络投票系统 股东大会召开日期：2024年11月15日 本次股东大会采用的网络投票系统：上海证券交易所股东大会网络投票 系统 网络投票起止时间：自 2024 年 11 月 15 日 （一） 股东大会类型和届次 2024 年第二次临时股东大会 （二） 股东大会召集人：董事会 （三） 投票方式：本次股东大会所采用的表决方式是现场投票和网络投票 相结合的方式 （四） 现场会议召开的日期、时间和地点 召开日期时间：2024 年 11 月 15 日 14 点 30 分 至 2024 年 11 月 15 日 采用上海证券交易所网 ...

Revenue Performance - Revenue for Q3 2024 reached 717.98 million yuan, a 23.60% year-over-year increase and a 16.96% quarter-over-quarter growth[4] - Revenue from semiconductor IP licensing business in the first three quarters of 2024 was 478 million yuan, an 8.78% year-over-year increase, with 171 IP licensing instances, up 92 from the previous year[6] - Revenue from chip design business in the first three quarters of 2024 was 518 million yuan, a 37.02% year-over-year increase, with 96.21% from 28nm and below process nodes and 86.22% from 14nm and below[7] - Revenue from mass production business in the first three quarters of 2024 was 574 million yuan, a 33.06% year-over-year decrease, but new mass production orders surged 303.17% year-over-year to 597 million yuan[8] - Revenue from AI-related intellectual property licensing in the first three quarters of 2024 was 232 million yuan, accounting for 48.59% of total IP licensing revenue[6] - Operating revenue for the first three quarters of 2024 was 1,649,971,464.11 RMB, a decrease from 1,764,647,377.77 RMB in the same period of 2023[19] - Revenue from sales of goods and services was 1,627,197,562.06 RMB, slightly up from 1,625,397,798.13 RMB in the same period last year[24] Intellectual Property Licensing - Intellectual property licensing revenue in Q3 2024 was 218 million yuan, up 36.62% quarter-over-quarter[4] - Revenue from semiconductor IP licensing business in the first three quarters of 2024 was 478 million yuan, an 8.78% year-over-year increase, with 171 IP licensing instances, up 92 from the previous year[6] - Revenue from AI-related intellectual property licensing in the first three quarters of 2024 was 232 million yuan, accounting for 48.59% of total IP licensing revenue[6] Orders and Backlog - New orders in Q3 2024 totaled 648 million yuan, with a backlog of 2.138 billion yuan, of which 78.26% is expected to convert to revenue within one year[5] - Revenue from mass production business in the first three quarters of 2024 was 574 million yuan, a 33.06% year-over-year decrease, but new mass production orders surged 303.17% year-over-year to 597 million yuan[8] Profitability and Margins - Gross profit for the first three quarters of 2024 was 702 million yuan, a 8.43% year-over-year decrease, with a gross margin of 42.52%, down 0.90 percentage points year-over-year[9] - Net loss attributable to shareholders in Q3 2024 was 111.05 million yuan, narrowing by 45 million yuan year-over-year[9] - Net profit attributable to shareholders of the listed company for the period from the beginning of the year to the reporting period showed fluctuations due to a year-on-year decline in revenue and gross profit, coupled with increased R&D expenses[11] - Net profit attributable to shareholders was -395,858,494.37 RMB, a significant decline from -134,218,721.31 RMB in the same period last year[22] - Basic and diluted earnings per share were -0.79 RMB, compared to -0.27 RMB in the previous year[22] R&D Investment - R&D investment in the first three quarters of 2024 was 880 million yuan, a 24.63% year-over-year increase, accounting for 53.35% of revenue[3] - R&D expenses increased to 880,249,163.34 RMB, up from 699,484,459.73 RMB, reflecting a 25.8% year-over-year growth[21] Cash Flow and Financial Position - Operating cash flow for the reporting period was -170.81 million, primarily due to a decrease in cash paid for goods and services and an increase in tax refunds received[11] - Net cash flow from operating activities was -393,381,013.48 RMB, compared to -144,192,928.66 RMB in the previous year[24] - Investment activities generated a net cash inflow of 201,042,470.29 yuan, compared to a net outflow of -122,207,792.96 yuan in the previous period[25] - The company received 1,456,670,000.00 yuan from other investment-related activities, a significant increase from 280,000,000.00 yuan in the previous period[25] - Cash outflow for investment activities totaled 1,259,820,298.56 yuan, with 1,145,000,000.00 yuan allocated to other investment-related payments[25] - Financing activities resulted in a net cash inflow of 231,985,759.25 yuan, a decrease from 309,914,592.02 yuan in the previous period[25] - The company obtained 406,200,000.00 yuan from borrowings, up from 377,900,000.00 yuan in the previous period[25] - Cash and cash equivalents at the end of the period amounted to 726,905,240.60 yuan, compared to 809,772,340.31 yuan in the previous period[25] - The company allocated 112,820,298.56 yuan for the purchase of fixed assets, intangible assets, and other long-term assets[25] - Cash outflow for financing activities totaled 174,214,240.75 yuan, including 75,650,943.34 yuan for debt repayment and 98,563,297.41 yuan for other financing-related payments[25] - The net increase in cash and cash equivalents was 41,652,729.61 yuan, slightly lower than the 47,888,061.68 yuan increase in the previous period[25] - The impact of exchange rate changes on cash and cash equivalents was 2,005,513.55 yuan[25] Shareholder Information - VeriSilicon Limited holds 15.14% of the company's shares, making it the largest shareholder[12] - The National Integrated Circuit Industry Investment Fund holds 6.95% of the company's shares[12] - The top 10 shareholders collectively hold a significant portion of the company's shares, with no shares pledged, marked, or frozen[13] - The company's top 10 shareholders and top 10 unrestricted shareholders did not participate in margin trading or securities lending activities[14] - The company's top 10 shareholders and top 10 unrestricted shareholders did not experience any changes due to securities lending or return activities[15] Asset and Liability Changes - Total assets increased to 4,717,286,963.49 RMB as of September 30, 2024, compared to 4,406,380,975.42 RMB at the end of 2023[17][18] - Total liabilities rose to 2,408,137,454.74 RMB as of September 30, 2024, up from 1,706,087,354.69 RMB at the end of 2023[18][19] - Accounts receivable increased to 1,162,252,658.43 RMB as of September 30, 2024, compared to 1,021,639,249.64 RMB at the end of 2023[17] - Inventory grew to 367,264,179.56 RMB as of September 30, 2024, up from 278,622,683.88 RMB at the end of 2023[17] - Fixed assets increased to 720,820,142.63 RMB as of September 30, 2024, compared to 505,111,613.96 RMB at the end of 2023[17] - Intangible assets rose to 546,994,721.70 RMB as of September 30, 2024, up from 396,537,174.64 RMB at the end of 2023[18] - Long-term loans increased to 838,826,256.76 RMB as of September 30, 2024, compared to 659,611,343.09 RMB at the end of 2023[18] - Contract liabilities grew to 604,216,602.51 RMB as of September 30, 2024, up from 453,522,036.80 RMB at the end of 2023[18] - Retained earnings decreased to -2,211,316,187.65 RMB as of September 30, 2024, compared to -1,815,457,693.28 RMB at the end of 2023[19] Operating Costs and Expenses - Total operating costs rose to 2,039,426,765.96 RMB, up from 1,871,531,586.08 RMB, an increase of 9%[21] - Sales expenses increased to 98,127,551.96 RMB, up from 90,121,995.89 RMB, reflecting a 8.9% year-over-year growth[21] - Cash received from tax refunds decreased to 8,852,994.22 RMB, down from 41,495,180.21 RMB in the previous year[24] Comprehensive Income - Other comprehensive income after tax was 162,763.70 RMB, compared to -1,782,577.74 RMB in the same period last year[22] - Total comprehensive income was -395,695,730.67 RMB, a significant decline from -136,001,299.05 RMB in the previous year[22]

证券代码：688521 证券简称：芯原股份 公告编号：2024-039 芯原微电子（上海）股份有限公司 关于首次公开发行前股票期权行权限售股上市流通的公告 重要内容提示： 本次股票上市类型为股权激励股份；股票认购方式为网下，上市股数为 4,383,772 股。 本次股票上市流通总数为 4,383,772 股。 本次股票上市流通日期为 2024 年 11 月 6 日。 一、本次上市流通的限售股类型 根据中国证券监督管理委员会于 2020 年 7 月 21 日出具的《关于同意芯原微 电子（上海）股份有限公司首次公开发行股票注册的批复》（证监许可[2020]1537 号），芯原微电子（上海）股份有限公司（以下简称"芯原股份"或"公司"）获准 首次向社会公开发行人民币普通股（A 股）股票 48,319,289 股。经上海证券交易所 同意，公司于 2020 年 8 月 18 日在上海证券交易所科创板挂牌上市。公司首次公 开发行完成后，总股本为 483,192,883 股，其中有限售条件流通股为 440,447,482 股，无限售条件流通股为 42,745,401 股。 本次上市流通的限售股为公司 2019 年股票期权激 ...

证券代码：688521 证券简称：芯原股份 公告编号：2024-038 芯原微电子（上海）股份有限公司 关于召开2024年第三季度业绩说明会的公告 参加此次说明会人员包括：公司董事长、总裁 Wayne Wei-Ming Dai（戴伟 民）先生，公司首席财务官、董事会秘书施文茜女士（如有特殊情况，参会人员 可能进行调整）。 芯原微电子（上海）股份有限公司（以下简称"公司"）将于 2024 年 10 月 31 日在上海证券交易所网站（www.sse.com.cn）披露《芯原微电子（上海）股份 有限公司 2024 年第三季度报告》。为加强与投资者的深入交流，使投资者更加全 面、深入地了解公司情况，公司拟以网络互动方式召开 2024 年第三季度业绩说 明会（以下简称"说明会"），欢迎广大投资者积极参与。 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： 一、说明会类型 二、说明会召开的时间、方式、地点 （一）会议召开时间：2024 年 10 月 31 日（星期四）10:00-11:00 （二）会议召开方式：网络互动方 ...

Investment Rating - The report indicates a positive outlook for Shanghai Electric with an expected net profit of 2.252 billion to 2.680 billion, representing a year-on-year increase of 53.3% to 82.4% [2][4]. Core Insights - The recovery in profitability for downstream coal-related industries is highlighted, particularly for Shanghai Electric, which is expected to benefit from the decline in coal prices [2][5]. - The report notes that the overall performance of the power generation sector is improving, with several companies, including Shanghai Electric and Fuchun Environmental, showing significant profit growth [3][4]. - The smartphone market is experiencing a rebound, with companies like Stmicroelectronics reporting substantial increases in revenue and net profit due to rising demand [11][18]. Summary by Sections Performance Forecast - Shanghai Electric anticipates a net profit of 2.252 billion to 2.680 billion for the first three quarters of 2024, marking an increase of 7.83 billion to 12.11 billion compared to the previous year [2][4]. - Fuchun Environmental expects a year-on-year growth rate exceeding 80% for the same period, indicating strong performance in the power and heat service sector [3][4]. Industry Analysis - The report discusses the impact of coal price fluctuations on profitability, noting that Shanghai Electric's profit margins are closely tied to coal prices, which have been declining since 2022 [5][8]. - The recovery in the smartphone market is attributed to a three-year replacement cycle, with global smartphone shipments showing positive growth in recent quarters [18][20]. Company Comparisons - Shanghai Electric's primary energy source is coal, which has allowed it to achieve higher profit margins compared to competitors like Gansu Energy, which relies more on hydropower [4][5]. - Stmicroelectronics has seen a significant increase in revenue and net profit, driven by its focus on the smartphone sector, which is expected to continue growing in 2024 [11][12].

当二年实际上下起来很多不太成长甚至于个别还有跌落我们意识成长完之后后低前后为正在由所以大家要分析这个情况不管你现在还是亏还是怎么样但你要分析这个过程二十三年那是严重的 那当然我们也会影响 但是我要指出的是上半年扣币前后还是正的所以我们下来还比较晚而且下半年下得比较厉害这天下再厉害 大家分析一下在21年到2021年成长42% 是吧 二十一到二十一年增长25%基础上只要降了百分之十二点你要这样分析如果你二十一年已经在不涨了这是另外一回事所以从这情况影响我觉得我们下来得比较晚即使这样六月以后下半年到年底的时候超过二十一再次增长 经验有的第一季度好 第二季度不好 第三季度怎么样 上上下下是不是跟着走 走出来还不一定呢这三个表是很重要的连续四个季度 超过二季再是第三季度我们再是第三季度 百分之八十几在一年之内会转换回如来的领域这就可以看到今后六个月 九个月的情况这就是说 我们下了给人家晚上的这一块 尽管还没有百分之就说是这个情况是吧你们看到这个订单具体讲新的订单对吧这是这个情况这是非常重要的我们来看这个问题然后你看这次三期度环顶增加16.96%几乎每个部分都在成长 而且知道三分之一 三分之一 三分之一嘛 对吧那如果是同 ...