证券代码：688536 证券简称：思瑞浦 上市地：上海证券交易所 思瑞浦微电子科技（苏州）股份有限公司发行可转换公司债券及支付现金购买资产并募集配套资金报告书 声 明 本部分所述词语或简称与本报告书"释义"所述词语或简称具有相同含义。 一、上市公司声明 本公司及本公司全体董事、监事及高级管理人员保证上市公司及时、公平地披露 信息，保证本报告书及其摘要内容的真实、准确、完整，不存在虚假记载、误导性陈 述或者重大遗漏，保证本报告书所引用的相关数据的真实性和合理性，并对所提供信 息的真实性、准确性、完整性负相应的法律责任。 思瑞浦微电子科技（苏州）股份有限公司 发行可转换公司债券及支付现金购买资产 并募集配套资金报告书 | 项 目 | 名 称 | | --- | --- | | 购买资产交易对方 | 杨小华、白青刚、艾育林、上海创芯微微信息咨询 | | | 合伙企业（有限合伙）等 19 名交易对方 | | 募集配套资金认购方 | 不超过 名特定投资者 35 | 独立财务顾问 签署日期：二〇二四年十一月 如本次交易所披露或提供的信息涉嫌虚假记载、误导性陈述或者重大遗漏，被司 法机关立案侦查或者被中国证监会立案调查的， ...

Investment Rating - The report maintains a "Recommended" investment rating for the company [1] Core Views - The company has shown significant revenue growth in Q3 2024, driven by demand in niche markets such as optical modules, new energy, and servers, with a 69.76% year-on-year increase in revenue for the quarter [4] - Despite the revenue growth, the company reported a net loss of 99 million yuan for the first three quarters of 2024, compared to a profit of 16 million yuan in the same period last year, indicating ongoing profitability challenges [5] - The company is actively expanding its product lines and market presence, particularly in the server and automotive sectors, which are expected to provide new growth opportunities [8] Summary by Sections Financial Performance - In Q3 2024, the company achieved a revenue of 342 million yuan, a 69.76% increase year-on-year, with a gross margin of 51.60% [4] - For the first three quarters of 2024, total revenue reached 848 million yuan, a 4.31% increase year-on-year, while the net loss was 99 million yuan [5] - The company’s R&D expenditure was 394 million yuan, accounting for 46.43% of total revenue, reflecting a strong commitment to innovation [5] Product and Market Development - The company has completed the acquisition of Shenzhen Chuangxin Microelectronics, enhancing its product offerings in consumer lithium battery protection and power management chips [7] - New products targeting the server market and automotive applications have been introduced, including the TPC502200 and TPV710Q chips, which are expected to strengthen the company's competitive position [8] Future Outlook - The company is projected to see a gradual recovery in earnings, with expected EPS of 0.46 yuan in 2024, 1.70 yuan in 2025, and 2.73 yuan in 2026, despite current losses [8] - The report suggests that while short-term performance may be under pressure, the company is well-positioned for future growth due to its strategic acquisitions and focus on R&D [8]

Investment Rating - The report maintains a "Recommended" rating for the company [1]. Core Views - The company has shown continuous improvement in profitability, with new products gradually ramping up production. In the first three quarters of 2024, the company achieved revenue of 848 million yuan, a year-on-year increase of 4.31%, and a net profit attributable to shareholders of -99 million yuan [1]. - The company completed the acquisition of 100% equity in Chuangxin Micro, which is expected to enhance its market competitiveness and influence through the integration of business operations [1]. - The company is focusing on the automotive, new energy, server, and optical module markets, with significant growth in signal chain and power management chip products [1]. Financial Performance Summary - For the first three quarters of 2024, the company reported revenue of 848 million yuan, with a net profit of -99 million yuan and a non-recurring net profit of -169 million yuan. In Q3 2024 alone, revenue reached 342 million yuan, marking a year-on-year increase of 69.76% and a quarter-on-quarter increase of 11.37% [1]. - The signal chain chip products generated revenue of 710 million yuan in the first three quarters, up 9.37% year-on-year, while power management chip products saw a decline of 13.91% to 138 million yuan [1]. - The comprehensive gross margin for Q3 2024 was 51.6%, an increase of 1.58 percentage points year-on-year and 3.32 percentage points quarter-on-quarter [1]. Future Earnings Forecast - The company is projected to achieve net profits of -53 million yuan, 175 million yuan, and 413 million yuan for the years 2024, 2025, and 2026, respectively. The corresponding price-to-earnings ratios for 2025 and 2026 are expected to be 79 and 34 times [2][4].

Investment Rating - The report maintains an "Outperform" rating for the company [1][3] Core Views - The company's Q3 revenue increased by 11% quarter-over-quarter, with gross margin improving both year-over-year and quarter-over-quarter [1] - The company's revenue for the first three quarters of 2024 grew by 4% year-over-year, driven by demand in automotive, new energy, server, and optical module markets, as well as the ramp-up of new signal chain and power management chip products [1] - The acquisition of Chuangxin Micro has been completed, making it a wholly-owned subsidiary, which is expected to enhance the company's product performance and technical service capabilities in key markets such as communications, industrial, new energy, automotive electronics, and consumer electronics [1] Financial Performance - The company's revenue for the first three quarters of 2024 was RMB 848 million (YoY +4.31%), with signal chain chip revenue at RMB 710 million (YoY +9.37%) and power management chip revenue at RMB 138 million (YoY -13.91%) [1] - Net profit attributable to the parent company for the first three quarters of 2024 was RMB -99 million (YoY -706%), with adjusted net profit at RMB -169 million (YoY -243%) [1] - Q3 2024 revenue was RMB 342 million (YoY +69.8%, QoQ +11.4%), with signal chain chip revenue at RMB 291 million (YoY +73.25%) and power management chip revenue at RMB 50 million (YoY +51.10%) [1] - Gross margin for the first three quarters of 2024 was 49.46%, down 4.1 percentage points year-over-year, but Q3 2024 gross margin improved to 51.60%, up 1.6 percentage points year-over-year and 3.3 percentage points quarter-over-quarter [1] Expense Analysis - R&D expenses for the first three quarters of 2024 increased by 4.3% year-over-year to RMB 394 million, with an R&D expense ratio of 46.43% [1] - Management expense ratio increased by 0.2 percentage points year-over-year to 9.48%, while the sales expense ratio increased by 2.8 percentage points to 9.75% [1] - The financial expense ratio increased by 1.0 percentage points year-over-year to -1.12% [1] - In Q3 2024, the combined four expense ratios decreased by 6.7 percentage points year-over-year and 4.0 percentage points quarter-over-quarter [1] Future Outlook - The company is expected to achieve net profit attributable to the parent company of RMB 107 million, RMB 215 million, and RMB 385 million in 2024, 2025, and 2026, respectively, with corresponding P/E ratios of 147x, 73x, and 41x as of October 29, 2024 [1] - The company plans to focus on synergistic business opportunities, complementary market and customer resources, and product R&D and closed-loop capabilities in future industry acquisitions [1] Revenue and Profit Forecast - Revenue is projected to grow from RMB 1,272 million in 2024E to RMB 2,271 million in 2026E, with year-over-year growth rates of 16.3%, 41.1%, and 26.5% respectively [2] - Net profit attributable to the parent company is expected to increase from RMB 107 million in 2024E to RMB 385 million in 2026E, with year-over-year growth rates of 407.9%, 100.7%, and 79.2% respectively [2] - Earnings per share (EPS) are forecasted to rise from RMB 0.81 in 2024E to RMB 2.90 in 2026E [2] Key Financial Ratios - The company's ROE is expected to improve from 1.9% in 2024E to 6.1% in 2026E [2] - The P/E ratio is projected to decrease from 146.8x in 2024E to 40.8x in 2026E [2] - The EV/EBITDA ratio is forecasted to improve from -510.4x in 2024E to 47.5x in 2026E [2]

证券代码：688536 证券简称：思瑞浦 1 思瑞浦微电子科技（苏州）股份有限公司 投资者关系活动纪要 | --- | --- | |-----------------------|---------------------------------------------------------------------------------------------| | 投资者关系 活动类别 | 2024 年三季报业绩交流会 | | | 【中欧基金】【富国基金】【易方达基金】【银河基金】【中泰资管】【泓德基金】 | | | 【安信基金】【天弘基金】【长安基金】【招商基金】【光大保德信】【工银瑞信】 | | | 【嘉实基金】【华夏基金】【华泰保兴】【中信保诚】【兴业基金】【中银基金】【平 | | | 安基金】【华富基金】【英大基金】【太平基金】【圆信永丰】【中国人寿资产】【华 | | 参与机构 | 泰资产】【新华资产】【百年保险】【中意资产】【光大永明资产】【瑞穗证券】 | | | 【 Point72 】【 IGWT Investment 】【美国银行】【施罗德投资管理】【光大理财】【平 | | | 安银行】 ...

董事会秘书李舒环女士下面有请公司领导发言谢谢各位投资者朋友晚上好我是公司的总董事会秘书李舒环感谢大家在百忙之中参加3rip2024年三季报的交流会那首先呢我先简单的给大家介绍一下公司2024年第三季度及2024年前三季度的经营情况 首先介绍一下第三季度的经营情况受益于汽车新能源服务器光模块等细分市场需求的增长及信号链和电源管理芯片新产品的逐步放量2024年第三季度芯片产品销量同比增长约65%环比增长约5%销量为单季度创历史新高 2024年的第三季度公司实现营业收入3.42亿元同比增长69.76%环比增长11.37%实现规模净利润为负的3308.77万元剔除股份支付费用影响后规模净利润为负的3521.22万元 淨利润环比减少主要是库存跌价准备季期增加所致2024年第三季度公司的信号链芯片实现销售收入2.91亿元同比增长73.25%电源管理芯片实现销售收入4984.19万元同比增长51.1% 那按照下游应用领域来看2024年的第三季度营收占比为泛工业领域约为45%到50%通信领域约为25%到30%汽车领域约为15%到20%消费领域约为5%到10%2024年第三季度实现综合毛利率51.6% 同比增加1.58个百分点 ...

Revenue and Profit - Revenue for Q3 2024 reached RMB 341.54 million, a year-on-year increase of 69.76%[2] - Net profit attributable to shareholders in Q3 2024 was RMB -33.09 million, a year-on-year decrease of 1,592.68%[2] - Operating income for the first three quarters of 2024 was 848,218,640.64 yuan, compared to 813,193,802.71 yuan in the same period of 2023, an increase of approximately 4.31%[19] - Net profit attributable to the parent company decreased from 785,579,050.04 yuan to 686,852,868.47 yuan, a decline of approximately 12.57%[17] - Net profit attributable to parent company shareholders was -98.73 million yuan, compared to 16.30 million yuan in the same period last year[20] - Operating profit for the first three quarters of 2024 was -96,654,761.75 yuan, compared to -7,833,965.54 yuan in the same period of 2023, indicating a larger loss[19] R&D Investment - R&D investment in Q3 2024 was RMB 135.58 million, accounting for 39.70% of revenue, a decrease of 7.15 percentage points year-on-year[4] - Total R&D investment for the current reporting period was 43.84 million yuan[10] - R&D expenses increased from 377,404,398.97 yuan to 393,801,688.26 yuan, a growth of approximately 4.34%[19] Chip Revenue - Signal chain chip revenue in Q3 2024 was RMB 291.40 million, a year-on-year increase of 73.25%[6] - Power management chip revenue in Q3 2024 was RMB 49.84 million, a year-on-year increase of 51.10%[6] Gross Margin - Gross margin in Q3 2024 was 51.60%, an increase of 1.58 percentage points year-on-year and 3.32 percentage points quarter-on-quarter[6] Assets and Liabilities - Total assets as of the end of Q3 2024 were RMB 5.74 billion, a decrease of 2.77% compared to the end of the previous year[4] - Equity attributable to shareholders as of the end of Q3 2024 was RMB 5.38 billion, a decrease of 3.60% compared to the end of the previous year[4] - Total assets decreased from 5,907,797,072.04 yuan to 5,743,973,003.13 yuan, a decline of approximately 2.77%[16][17] - Non-current assets increased from 823,046,818.81 yuan to 950,185,595.14 yuan, a growth of approximately 15.45%[16] - Total liabilities increased from 328,922,813.81 yuan to 366,088,398.66 yuan, a rise of approximately 11.30%[17] - Contract liabilities increased from 5,140,193.92 yuan to 13,923,472.71 yuan, a significant growth of approximately 170.87%[16] - Fixed assets decreased from 112,220,058.42 yuan to 109,989,910.36 yuan, a decline of approximately 1.99%[16] Earnings Per Share - Basic earnings per share for the current reporting period were -1,350.00 yuan per share[10] - Diluted earnings per share for the current reporting period were -1,350.00 yuan per share[10] - Basic and diluted earnings per share were both -0.75 yuan, compared to 0.14 yuan in the same period last year[21] Return on Equity - Weighted average return on equity decreased by 0.67 percentage points in the current reporting period[10] - Weighted average return on equity decreased by 2.23 percentage points from the beginning of the year to the end of the reporting period[10] Shareholders and Equity - The number of ordinary shareholders at the end of the reporting period was 9,140[11] - Shanghai Huaxin Venture Capital Enterprise holds 16.68% of the company's shares[11] - ZHIXU ZHOU, an overseas individual, holds 7.53% of the company's shares[11] - Suzhou Jinying Venture Capital Partnership holds 7.22% of the company's shares[11] - FENG YING, an overseas individual, holds 7.06% of the company's shares[11] Cash Flow - Cash received from sales of goods and services was 948.46 million yuan, a slight increase from 924.37 million yuan in the same period last year[22] - Net cash flow from operating activities was 17.34 million yuan, a significant improvement from -143.08 million yuan in the same period last year[22] - Cash received from investments was 6.76 billion yuan, slightly lower than 6.84 billion yuan in the same period last year[23] - Net cash flow from investing activities was 138.50 million yuan, compared to -1.19 billion yuan in the same period last year[23] - Net cash flow from financing activities was -132.96 million yuan, compared to -44.09 million yuan in the same period last year[23] - The ending balance of cash and cash equivalents was 1.40 billion yuan, a significant decrease from 2.13 billion yuan at the beginning of the year[23] Other Income - Other income increased from 12,193,145.98 yuan to 24,483,630.05 yuan, a growth of approximately 100.80%[19] Acquisitions - The company completed the acquisition of 100% equity of Shenzhen Chuangxinwei Microelectronics Co., Ltd., aiming to enhance product performance and technical service capabilities[6]

证券代码：688536 证券简称：思瑞浦 公告编号：2024-089 思瑞浦微电子科技（苏州）股份有限公司 关于 2024 年前三季度计提资产减值准备的公告 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。 一、计提减值准备的情况概述 根据《企业会计准则》和公司会计政策的相关规定，为客观、公允地反映 思瑞浦微电子科技（苏州）股份有限公司（以下简称"公司"）截至2024年9月 30日的财务状况和2024年前三季度的经营成果，公司对截至2024年9月30日母公 司及子公司可能发生的信用及资产减值情况进行了充分的评估和分析，本着谨 慎性原则，公司对相关资产计提了相应的减值准备。2024年前三季度公司计提 信用及资产减值准备合计48,976,353.15元，具体如下： （一）信用减值损失 公司根据《企业会计准则第22号—金融工具确认和计量》规定，依据信用风 险特征将应收款项划分为若干组合，在组合基础上计算预期信用损失，对于划分 为组合的应收账款，公司参考历史信用损失经验，结合当前状况以及对未来经济 状况的预测，编制应收账款逾期天数与 ...

证券代码：688536 证券简称：思瑞浦 公告编号：2024-087 思瑞浦微电子科技（苏州）股份有限公司 第三届监事会第三十一次会议决议公告 本公司监事会及全体监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。 一、监事会会议召开情况 思瑞浦微电子科技（苏州）股份有限公司（以下简称"公司"）第三届监事 会第三十一次会议（以下简称"本次会议"）于2024年10月29日在公司会议室以现 场结合通讯表决的方式召开。本次会议通知于2024年10月24日以电子邮件方式送 达全体监事。本次会议应参加监事3名，实际参加监事3名。本次会议由监事会主 席何德军主持，公司董事会秘书列席本次会议。会议的召集与召开符合《中华人 民共和国公司法》和《思瑞浦微电子科技（苏州）股份有限公司章程》等相关规 定，表决形成的决议合法、有效。 二、监事会会议审议情况 经审核，监事会认为： 1、公司《2024 年第三季度报告》的编制和审议程序符合法律法规及《公司 章程》等公司内部管理制度的各项规定； 2、公司《2024 年第三季度报告》的内容和格式符合中国证券监督管理委员 会和上海 ...

证券代码：688536 证券简称：思瑞浦 公告编号：2024-091 关于召开 2024 年第三季度业绩说明会的公告 思瑞浦微电子科技(苏州)股份有限公司（以下简称"公司"）已于 2024 年 10 月 30 日在上海证券交易所网站（www.sse.com.cn）披露公司 2024 年第三季度 报告，为便于广大投资者更全面深入地了解公司 2024 年第三季度经营成果、财 务状况，公司计划于 2024 年 11 月 07 日下午 16:00-17:00 举行 2024 年第三季度 业绩说明会，就投资者关心的问题进行交流。 一、说明会类型 本次投资者说明会以网络互动形式召开，公司将针对 2024 年第三季度的经 营成果及财务指标的具体情况与投资者进行互动交流和沟通，在信息披露允许的 范围内就投资者普遍关注的问题进行回答。 思瑞浦微电子科技(苏州)股份有限公司 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：2024 年 11 月 07 日（星期四）下午 16:00-17:00 会 议 召 开 地 点 ...