证券代码：688525 证券简称：佰维存储 深圳佰维存储科技股份有限公司 投资者关系活动记录汇总表 （2024年6月18日） 特定对象调研 分析师会议 投资者关 ¨媒体采访 业绩说明会 系活动类 ¨新闻发布会 ¨路演活动 别 ¨专场机构交流会 现场参观 ¨其他 财通证券 王雨然、彬元资本 陈海亮、Eastspring 许骁骅、富兰克林华美 苏 士勋、UG Fund Wade Lin林全朗、Nikko Truman、Hangseng Andrew 参与单位 Tong 、 Aspoon 沈 宇 峰 、 JoinAsset Oh SungJin 、 JoinAsset Jang 名称及人 Jisung、harmolands 马腾、Capstone Capital 余华莘、红杉资本 Edward 员姓名 Cao、韩国投资 蒋颖、TT International Sharon Tsoi、路博迈 王舒磊、立 格（盖茨基金） 李学来、海通证券 王海涛、海通证券 石佳佳、海通证券 张晓 飞、海通证券 郦奕滢、海通证券 李轩 会议时间 2024年6月18日 09：30-10：30、 14：00-15：00、16：00- ...

证券代码：688525 证券简称：佰维存储 公告编号：2024-050 深圳佰维存储科技股份有限公司 关于更换保荐机构及保荐代表人的公告 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。 公司本次向特定对象发行股票的事项尚待上海证券交易所审核并经中国证 券监督管理委员会注册，敬请广大投资者注意投资风险。 公司对中信证券及其项目团队在公司首次公开发行股票和持续督导期间所 做的工作表示衷心感谢！ 特此公告。 深圳佰维存储科技股份有限公司董事会 2024 年 6 月 20 日 附件：保荐代表人简历 王天琦先生：保荐代表人，会计学硕士，现任华泰联合证券投资银行业务 线总监，主要负责或参与了绿联科技首次公开发行项目、达利凯普首次公开发 行项目、伟创电气首次公开发行项目、圣阳股份非公开发行项目、唯赛勃首次 公开发行项目、德尔未来公开发行可转换公司债券项目、南山控股发行 A 股股 份换股吸收合并深基地 B 股项目、华中数控发行股份购买资产项目、金证股份 非公开发行股份、富邦股份重大资产重组、指媒数字新三板挂牌等。 根据中国证券监督管理委员 ...

Investment Rating - The report maintains an "Accumulate" rating for the company [4]. Core Views - The company is expected to achieve significant revenue growth in the first half of 2024, with projected revenues between 3.1 billion to 3.7 billion yuan, representing a year-on-year increase of 169.97% to 222.22% [2]. - The net profit attributable to the parent company is forecasted to be between 280 million to 330 million yuan, indicating a year-on-year growth of 194.44% to 211.31% [2]. - The company has successfully expanded its customer base, leading to accelerated revenue growth, with a five-year compound annual growth rate (CAGR) of 32.25% since 2019 [12]. - The company is expected to benefit from rising storage prices, with a projected increase of 8% to 26% in the second half of the year, which will enhance both revenue and profit margins [6][13]. Summary by Sections Revenue and Profit Forecast - The revenue forecast for 2024-2026 has been revised upwards to 6.533 billion, 8.305 billion, and 9.6 billion yuan, respectively, reflecting an increase of 60.16%, 76.54%, and 88.78% from previous estimates [7]. - The earnings per share (EPS) estimates for 2024-2026 have also been adjusted to 1.06, 1.77, and 2.20 yuan, respectively [7]. Market Performance - The company is expected to see a significant increase in Q2 revenue, estimated between 1.373 billion to 1.973 billion yuan, which represents a year-on-year growth of approximately 90.01% to 173.02% [12]. - The company has effectively managed inventory during the price downturn in 2023, leading to a strong recovery in profitability in 2024 [13]. Business Development - The company is increasing its research and development investments in advanced packaging and testing equipment, which is anticipated to become a second growth curve for the business [6]. - The report highlights the company's ability to adapt to market trends and manage inventory effectively, which has contributed to its improved financial performance [13].

[Current Period Performance Forecast](index=1&type=section&id=I.%20Current%20Period%20Performance%20Forecast) The company anticipates turning losses into profits in H1 2024, with revenue projected to reach 3.1-3.7 billion yuan and net profit attributable to shareholders estimated at 280-330 million yuan - The performance forecast period is from January 1, 2024, to June 30, 2024[6](index=6&type=chunk) - The company estimates share-based payment expenses for H1 2024 to be approximately **195 million yuan**; after excluding this, the estimated net profit attributable to the parent company is **475 million to 525 million yuan**, representing a year-on-year increase of **262.14% to 279.21%**[10](index=10&type=chunk) Key Performance Indicators for H1 2024 Performance Forecast | Indicator | Estimated Amount (Million Yuan) | Year-on-Year Growth Rate | | :--- | :--- | :--- | | Operating Revenue | 3,100 to 3,700 | 169.97% to 222.22% | | Net Profit Attributable to Parent Company | 280 to 330 | 194.44% to 211.31% | | Net Profit Attributable to Parent Company (Excluding Non-recurring Items) | 275 to 325 | 191.12% to 207.69% | [Prior Period Performance](index=1&type=section&id=II.%20Prior%20Period%20Performance) In H1 2023, the company reported 1.148 billion yuan in operating revenue, with net losses of 296.4754 million yuan attributable to the parent company H1 2023 Performance Review | Indicator | Amount (Million Yuan) | | :--- | :--- | | Operating Revenue | 1,148.2875 | | Net Profit Attributable to Parent Company | -296.4754 | | Net Profit Attributable to Parent Company (Excluding Non-recurring Items) | -301.7973 | [Analysis of Performance Changes](index=1&type=section&id=III.%20Main%20Reasons%20for%20Performance%20Changes%20in%20Current%20Period) The significant performance growth and turnaround are primarily attributed to the storage industry's recovery, expanded client base, and increased R&D investment [Market and Business Growth](index=2&type=section&id=3.1%20Market%20and%20Business%20Growth) The company capitalized on the storage industry's upward cycle, expanding its client base and significantly increasing product sales - Performance growth is primarily attributed to industry recovery, as the company seized opportunities to vigorously expand its top-tier domestic and international client base, achieving significant market breakthroughs and product sales increases[19](index=19&type=chunk) [Increased R&D Investment](index=2&type=section&id=3.2%20Increased%20R%26D%20Investment) To enhance core competitiveness, the company significantly increased R&D investment in H1 2024, focusing on storage solutions, chip design, and advanced packaging - R&D expenses for H1 2024 are estimated to be approximately **210 million yuan**, representing a year-on-year increase of over **170%**[2](index=2&type=chunk) - Key areas of R&D investment include storage solutions, chip design, advanced packaging and testing, and testing equipment[2](index=2&type=chunk) [Risk Warning](index=2&type=section&id=IV.%20Risk%20Warning) The performance forecast data is preliminary and unaudited, subject to change, and investors should refer to the official 2024 semi-annual report for final figures - This performance forecast data is preliminary and unaudited; the final accurate data will be based on the company's officially disclosed 2024 semi-annual report[4](index=4&type=chunk)[17](index=17&type=chunk)[20](index=20&type=chunk) [Other Explanations](index=2&type=section&id=V.%20Other%20Explanations) The board of directors guarantees the announcement's accuracy and completeness, confirming no significant uncertainties affecting the forecast's reliability - The company's board of directors guarantees that the content of this announcement contains no false records, misleading statements, or major omissions[15](index=15&type=chunk) - Currently, the company has not identified any uncertain factors that would significantly affect the accuracy of this performance forecast[20](index=20&type=chunk)

证券代码：688525 证券简称：佰维存储 公告编号：2024-048 深圳佰维存储科技股份有限公司 关于实施回购股份注销暨股份变动的公告 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： 深圳佰维存储科技股份有限公司（以下简称"公司"）本次将注销回购 专用证券账户中的703,464股股份，占注销前公司总股本430,329,136股的比例为 0.16%。本次注销完成后，公司的总股本将由430,329,136股变更为429,625,672股。 回购股份注销日：2024年6月17日。 公司于2024年4月29日、2024年5月20日分别召开第三届董事会第十八次会议、 2023年年度股东大会均审议通过了《关于变更回购股份用途并注销暨减少注册资 本的议案》，综合考虑公司实际情况，同意公司将存放于回购专用账户中703,464 股股份的用途进行调整，由"用于员工持股计划或股权激励"调整为"用于注销 并相应减少注册资本"，并将该部分回购股份进行注销，同时按照相关规定办理 注销手续。公司已披露了《关于注销回购股份及减少注册资 ...

证券代码：688525 证券简称：佰维存储 深圳佰维存储科技股份有限公司 投资者关系活动记录汇总表 （2024年6月6日） 特定对象调研 分析师会议 投资者关 ¨媒体采访 业绩说明会 系活动类 ¨新闻发布会 ¨路演活动 别 ¨专场机构交流会 现场参观 ¨其他 财通资管 李晶、平安基金 季清斌、平安基金 翟森、平安基金 薛冀颖、信达澳 参与单位 亚 朱然、信达澳亚 齐兴方、东北证券 唐淑玉、东北证券 张楠淇、东北证券 名称及人 金璐敏、东北证券 孟爽 员姓名 会议时间 2024年6月6日 15：00-16：00、16：30-17：30 会议地点 佰维存储三楼会议室 上市公司 公司管理层 接待人员 董办工作人员 姓名 投资者关 Q1. 公司在车规级存储领域有何布局和突破？ 系活动主 A1：公司在车规级存储领域已经推出多款解决方案产品，包括车规级 要内容介 eMMC、UFS、LPDDR等不同的产品形态，可应用于车载IVI、ADAS、T- 绍 BOX、域控制器、EDR、行车记录仪、数字仪表、车载智能座舱、高阶智能驾 驶等领域，产品符合AEC-Q100可靠性标准，具备高可靠性、长使用寿命的 特性，能够稳定供应保 ...

图9.公司毛利率水平逐步回升 数据来源：Wind，财通证券研究所 15.80% 12.26% 17.73% 14.45% 10.91% -4.48% -5.07% -1.86% 9.34% 24.74% -10.00% -5.00% 0.00% 5.00% 10.00% 15.00% 20.00% 25.00% 30.00% 2021Q4 2022Q1 2022Q2 2022Q3 2022Q4 2023Q1 2023Q2 2023Q3 2023Q4 2024Q1 数据来源：佰维存储 2023 年报，财通证券研究所 数据来源：Wind，财通证券研究所 谨请参阅尾页重要声明及财通证券股票和行业评级标准 8 2023 年，由于智能手机等下游需求不振，公司主力业务之一的嵌入式存储营收与 毛利率出现下滑；但得益于公司业务拓展，消费级存储模组业务规模稳步扩张， 毛利率逆势上升，有力提振了公司 2023 年的业绩。 2.2 PC 存储: B 与 C 端双管齐下 公司的 PC 存储产品包括固态硬盘、内存条,主要应用于电竞主机、台式机、笔记 本电脑、一体机等领域。其中，针对企业客户（PC 品牌商、PC OEM、装机商等 PC ...

中信证券股份有限公司 关于深圳佰维存储科技股份有限公司 2023 年度持续督导跟踪报告 中信证券股份有限公司（以下简称"中信证券"或"保荐人"）作为深圳佰 维存储科技股份有限公司（以下简称"佰维存储"或"公司"或"上市公司"） 首次公开发行股票并在科创板上市的保荐人。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》等相关规定，中信证券履行持续 督导职责，并出具本持续督导年度跟踪报告。 一、持续督导工作概述 1、保荐人制定了持续督导工作制度，制定了相应的工作计划，明确了现场 检查的工作要求。 2、保荐人已与公司签订保荐协议，该协议已明确了双方在持续督导期间的 权利义务，并报上海证券交易所备案。 4、本持续督导期间，保荐人根据相关法规和规范性文件的要求履行持续督 导职责，具体内容包括： 3、本持续督导期间，保荐人通过与公司的日常沟通、现场回访等方式开展 持续督导工作，并于 2024 年 4 月 26 日、2024 年 5 月 7 日对公司进行了现场检 查。 （5）对公司高级管理人员进行访谈； （6）对公司及其控股股东、实际控制人、董事、监事、高级管理人员进行 公开信息查询； （7）查询公 ...

Investment Rating - The report assigns an "Accumulate" rating to the company, marking it as the first rating given [7]. Core Insights - The company reported a 228% year-on-year growth in net profit excluding non-recurring items for Q1 2024, driven by a recovery in storage prices and an increase in revenue from various application markets [2][6]. - The company is focusing on five major application markets: mobile, PC, servers, smart wearables, and automotive storage, with significant client acquisitions in these sectors [2][38]. - The company has increased its R&D investment by 98% in 2023, with a clear goal for revenue growth in the coming years, aiming for 4.96 billion, 5.08 billion, and 5.78 billion yuan in net profit for 2024, 2025, and 2026 respectively [2][40]. Summary by Sections Financial Performance - In Q4 2023, the company achieved revenue of 1.47 billion yuan, a year-on-year increase of 83% and a quarter-on-quarter increase of 51%, with a gross margin of 9.3% [2]. - For Q1 2024, revenue reached 1.7 billion yuan, representing a year-on-year increase of 306% and a quarter-on-quarter increase of 18%, with a gross margin of 24.7% [2][30]. Market Position and Strategy - The company is positioned as a major player in embedded storage, focusing on a multi-dimensional layout in storage and advanced packaging [6][10]. - The company has established a comprehensive supply chain relationship with major clients, including OPPO, Lenovo, and Google, enhancing its market presence [41][38]. Growth Projections - The global storage market is expected to grow by 45% in 2024, benefiting the company as it expands its client base [2]. - The company has set ambitious revenue targets for the next three years, with projected revenues of 6.33 billion, 7.19 billion, and 8.32 billion yuan for 2024, 2025, and 2026 respectively [30][51].

证券代码：688525 证券简称：佰维存储 深圳佰维存储科技股份有限公司 投资者关系活动记录汇总表 （2024年5月17日） 特定对象调研 分析师会议 投资者关 ¨媒体采访 业绩说明会 系活动类 ¨新闻发布会 ¨路演活动 别 ¨专场机构交流会 现场参观 ¨其他 参与单位 瀚伦投资 黄志青、怀远基金 李岩岩、中金公司 胡炯益、景林资产 孙玮、东方 名称及人 阿尔法 梁少文 员姓名 会议时间 2024年5月17日 15：00-16：00 会议地点 佰维存储三楼会议室 上市公司 公司管理层 接待人员 董办工作人员 姓名 投资者关 Q1. 请介绍下公司一季度业绩情况？另外，从产品应用领域来看，哪个应用 系活动主 领域对2024年一季度业绩增长贡献度最大？ 要内容介 A1：2024年第一季度，公司实现营业收入172,664.23万元，同比增长 绍 305.80%，环比增长17.59%，归属于上市公司股东的净利润16,756.23万 元，同比增长232.97%。从终端应用需求来看，公司产品主要应用于PC、手 机、智能穿戴、工车规、服务器等领域。从一季度情况来看，手机端客户需求 复苏明显，其他领域的需求增长对收入增 ...