证券代码：688521 证券简称：芯原股份 公告编号：2025-009 芯原微电子（上海）股份有限公司 股票交易异常波动公告 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： 芯原微电子（上海）股份有限公司（以下简称"芯原股份"或"公司"）股票 交易连续三个交易日内（2025 年 3 月 3 日、3 月 4 日及 3 月 5 日）收盘价格涨幅 偏离值累计超过 30%，根据《上海证券交易所交易规则》《上海证券交易所科创 板股票异常交易实时监控细则》的有关规定，属于股票交易异常波动的情形。 经公司自查并向公司第一大股东 VeriSilicon Limited 发函确认，截至本公 告披露日，公司及第一大股东不存在影响公司股票交易异常波动的重大事项，亦 不存在其他应披露而未披露的重大信息，包括但不限于正在筹划涉及本公司的并 购重组、股份发行、债务重组、业务重组、资产剥离和资产注入等重大事项。公 司目前日常经营情况正常，未发生重大变化。 公司相关业绩情况详见 2025 年 2 月 28 日披露的《2024 年年度业绩快 ...

关于《芯原微电子(上海) 股份有限公司股票交易异 常波动征询函》的回函 芯原微电子(上海)股份有限公司: (本页无正文，为《关于<芯原微电子（上海）股份有限公司股票交 易异常波动征询函>的回函》的签署页） ICON 第一大股东（盖章） VeriSilicon Limited 2025年3月5日 本公司作为公司的第一大股东,不存在影响公司股票交易价格异 常波动的重大事宜;不存在可能导致公司股权发生变化的事项;未筹 划并购重组、股份发行、债务重组、业务重组、资产剥离和资产注入 等对公司股票交易价格产生较大影响的重大事项。 特此回复。 (以下无正文) 本公司已收到公司发来的《关于芯原微电子(上海)股份有限公 司股票异常波动征询函》,经自查确认,现回复如下: ...

Investment Rating - The report maintains an "Accumulate" investment rating for the company [1] Core Views - The company is expected to see a rapid turnaround in operations starting from Q2, with revenue stabilizing year-on-year. The third quarter of 2024 is projected to achieve a record high revenue growth of 23.60% year-on-year, while the fourth quarter is expected to grow over 17% year-on-year. The chip design business revenue is anticipated to increase by approximately 81% year-on-year, although the intellectual property licensing revenue is expected to decline by about 28% [5] - The company's NPU IP has been integrated into 128 AI chips used by 72 clients, with over 100 million units shipped globally. These chips are applied across various sectors, including IoT, wearables, smart TVs, smart homes, security monitoring, automotive electronics, smartphones, tablets, and smart healthcare, establishing the company's leading position in the AI field [6] - The company offers a one-stop chip customization service with design capabilities across various process nodes, including advanced 5nm FinFET and traditional 250nm CMOS processes. It has obtained ISO 26262 certification for automotive functional safety management, and has developed a complete autonomous driving software platform [7][8] Financial Forecast - The company is projected to achieve revenues of 2.32 billion, 2.84 billion, and 3.65 billion yuan for the years 2024, 2025, and 2026 respectively, with corresponding EPS of -1.21, 0.02, and 0.27 yuan. The current stock price corresponds to PE ratios of -62, 3007, and 274 times for the respective years [9][11]

Investment Rating - The report maintains an "Accumulate" investment rating for the company [9] Core Views - The company has shown a rapid turnaround in its operating conditions since Q2, with revenue stabilizing year-on-year. The third quarter of 2024 saw a record high in revenue, growing by 23.60% year-on-year, while the fourth quarter also experienced over 17% growth. The chip design business revenue increased by approximately 81%, although the intellectual property licensing revenue declined by about 28% [5] - The company's NPU IP is integrated into AI chips used by 72 clients across 128 models, with over 100 million units shipped globally. These chips are applied in various sectors, establishing the company's leading position in the AI field [6] - The company offers a one-stop chip customization service with design capabilities across various process nodes, including advanced 5nm FinFET and traditional 250nm CMOS processes. It has obtained ISO 26262 certification for automotive safety management [7][8] Summary by Sections Financial Performance - The company is projected to achieve revenues of 2,323 million yuan in 2024, with a slight decline of 0.66% year-on-year. The net profit attributable to shareholders is expected to be -605 million yuan, indicating a significant loss compared to the previous year [4][11] - Revenue forecasts for 2024-2026 are 23.23 billion yuan, 28.37 billion yuan, and 36.54 billion yuan respectively, with EPS projected at -1.21 yuan, 0.02 yuan, and 0.27 yuan [9][11] Market Position - The company has a global leading position in chip design services, providing customized hardware and software solutions for AI applications [9] - The company has successfully integrated its NPU IP into a wide range of AI applications, reinforcing its market presence [6] Growth Potential - The company is expected to recover from the semiconductor industry's downturn earlier than its peers, with a projected revenue growth rate of 22.1% in 2025 and 28.8% in 2026 [11]

Financial Performance - Total revenue for 2024 is approximately RMB 232,258.81 million, a decrease of 0.66% compared to RMB 233,799.64 million in the previous year[3] - The net profit attributable to shareholders of the parent company is projected to be RMB -60,523.74 million, compared to RMB -29,646.67 million in the previous year[3] - The weighted average return on equity decreased to -25.18%, down 14.64 percentage points from -10.54% in the previous year[3] Revenue Growth - The company reported a significant increase in chip design business revenue, with a year-on-year growth of approximately 81% in the second half of 2024[5] - The company achieved a record high revenue growth of 23.60% year-on-year in the third quarter of 2024[5] Order and Backlog - The company has a strong order backlog of RMB 2,406 million, which is a 13% increase from RMB 2,138 million at the end of the third quarter[6] - New orders signed in the fourth quarter of 2024 exceeded RMB 940 million, representing a more than 38% increase compared to the first half of 2024[6] Research and Development - Research and development expenses increased by approximately 32% year-on-year, reflecting the company's commitment to technology development during the industry downturn[8] Talent Acquisition - The company has maintained a high level of talent acquisition, with 200 graduates hired from a pool of nearly 1,800 candidates, 97% of whom are from top universities[8] Asset Growth - The total assets of the company increased by 5.33% to RMB 464,142.63 million compared to RMB 440,638.10 million at the beginning of the period[3]

证券代码：688521 证券简称：芯原股份 公告编号：2025-007 芯原微电子（上海）股份有限公司 一、股票交易异常波动的具体情况 公司股票交易连续三个交易日内（2025 年 2 月 24 日、2 月 25 日及 2 月 26 日）收盘价格涨幅偏离值累计超过 30%，根据《上海证券交易所交易规则》《上 海证券交易所科创板股票异常交易实时监控细则》的有关规定，属于股票交易异 常波动的情形。 二、公司关注并核实的相关情况 针对公司股票交易异常波动的情况，经公司自查并向公司第一大股东 VeriSilicon Limited 发函确认，现就有关情况说明如下： 股票交易异常波动公告 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： 芯原微电子（上海）股份有限公司（以下简称"芯原股份"或"公司"）股票 交易连续三个交易日内（2025 年 2 月 24 日、2 月 25 日及 2 月 26 日）收盘价格 涨幅偏离值累计超过 30%，根据《上海证券交易所交易规则》《上海证券交易所 科创板股票异常交易实时监控细则》的有关规 ...

关于《芯原微电子(上海) 股份有限公司股票交易异 常波动征询函》的回函 特此回复。 (以下无正文) （本页无正文，为《关于<芯原微电子（上海）股份有限公司股票交 易异常波动征询函>的回函》的签署页） 第一大股东(盖章): VeriSilicon Limited 2025 年 2 月 26 日 芯原微电子(上海)股份有限公司: 本公司已收到公司发来的《关于芯原微电子(上海)股份有限公 司股票异常波动征询函》,经自查确认,现回复如下: 本公司作为公司的第一大股东,不存在影响公司股票交易价格异 常波动的重大事宜;不存在可能导致公司股权发生变化的事项;为筹 划并购重组、股份发行、债务重组、业务重组、资产剥离和资产注入 等对公司股票交易价格产生较大影响的重大事项。 ...

证券代码：688521 证券简称：芯原股份 公告编号：2025-006 芯原微电子（上海）股份有限公司董事会 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。 芯原微电子（上海）股份有限公司（以下简称"公司"）于 2025 年 2 月 14 日收到上海证券交易所出具的《关于芯原微电子（上海）股份有限公司向特定对 象发行股票的交易所审核意见》，具体意见如下： "芯原微电子（上海）股份有限公司向特定对象发行股票申请符合发行条件、 上市条件和信息披露要求。本所将在收到你公司申请文件后提交中国证监会注 册。" 公司本次向特定对象发行 A 股股票事项尚需获得中国证券监督管理委员会 作出同意注册的决定后方可实施。公司在将根据该事项的进展情况及时履行信息 披露义务，敬请广大投资者注意投资风险。 特此公告。 芯原微电子（上海）股份有限公司 关于2023年度向特定对象发行A股股票申请 收到上海证券交易所审核意见通知的公告 2025 年 2 月 17 日 1 ...

Summary of Conference Call Notes Company Overview - The company operates in the semiconductor industry, focusing on IP licensing and one-stop chip customization services, similar to ARM and Broadcom [1][3] - It provides IP licensing for various components like GPU, NPU, DSP, and VPU, allowing design companies and system manufacturers to complete chip design and production [1] Core Business Model - The company has two main revenue models: 1. One-time fixed income from IP licensing 2. Long-term revenue based on production volume for customized chip services [2] - The strong correlation between IP licensing and chip customization enhances customer service and technical capabilities [3] Technological Advancements - The company has invested in AI, autonomous driving, and AI IoT, focusing on GPU design and chiplet technology [4][5] - Chiplet technology allows for flexible configurations of smaller chips to meet various application scenarios, enhancing adaptability in AI and other fields [5][8] Market Position and Collaborations - The company has established strong partnerships with leading system manufacturers and IC design firms, enhancing its market position [3] - It aims to provide customized solutions for major automotive manufacturers in the autonomous driving sector, with performance exceeding that of competitors [10] Financial Performance - The company reported a 17% year-over-year revenue growth in Q4, with design services growing by 80% and production services by 30% [12] - New orders in Q4 exceeded 940 million RMB, indicating strong demand and growth potential [12] Future Outlook - The company anticipates revenue growth to reach 2.8 to 3 billion RMB by 2025, with a current market capitalization of approximately 28 to 29 billion RMB [13] - The focus on AI, autonomous driving, and ASIC customization is expected to drive further growth and establish the company as a leading player in the semiconductor industry, akin to ARM and Broadcom [14] Additional Insights - The chiplet model is seen as a significant growth opportunity, allowing for increased value delivery to clients and expanding the customer base [13] - The company is currently awaiting results from chip testing, which could further validate its technological advancements and market strategy [13]

首次授予部分第三个归属期及预留授予部分第二批次第二 个归属期归属名单的核查意见 芯原微电子（上海）股份有限公司（以下简称"公司"）监事会依据《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》"）、 《上海证券交易所科创板股票上市规则》（以下简称"《上市规则》"）和《芯原 微电子（上海）股份有限公司章程》（以下简称"《公司章程》"）等有关规定， 对公司 2020 年限制性股票激励计划（以下简称"本次激励计划"）首次授予部分 第三个归属期及预留授予部分第二批次第二个归属期归属名单进行审核，发表核 查意见如下： 芯原微电子（上海）股份有限公司 监事会关于 2020 年限制性股票激励计划 本次拟归属的 335 名激励对象（首次授予部分 325 人，预留授予第二批次 19 人，包含本激励计划首次授予部分和预留授予第二批次重复授予 9 人）符合 《公司法》《证券法》等法律、法规和规范性文件以及《公司章程》规定的任职 资格，符合《管理办法》《上市规则》等法律、法规和规范性文件规定的激励对 象条件，符合《2020 年 ...