国浩律师（上海）事务所 关 于 思瑞浦微电子科技（苏州）股份有限公司 2024 年第四次临时股东大会 之 法律意见书 上海市北京西路 968 号嘉地中心 27 层 邮编：200041 27th Floor, Garden Square, No. 968 West Beijing Road, Shanghai 200041, China 电话/Tel: +86 21 5234 1668 传真/Fax: +86 21 5234 1670 网址/Website: http://www.grandall.com.cn 二零二四年十一月 国浩律师（上海）事务所 关于思瑞浦微电子科技（苏州）股份有限公司 2024 年第四次临时股东大会之法律意见书 致：思瑞浦微电子科技（苏州）股份有限公司 受思瑞浦微电子科技（苏州）股份有限公司（以下简称"公司"）委托，国 浩律师（上海）事务所（以下简称"本所"）指派律师出席了公司于 2024 年 11 月 15 日召开的 2024 年第四次临时股东大会，并根据《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》"）等法律、法规及中国证券监 ...

Group 1: Company Overview and Performance - The company, Si Rui Pu Microelectronics Technology (Suzhou) Co., Ltd., is listed under stock code 688536 and has conducted an investor relations activity from November 5 to November 7, 2024 [1]. - The event included participation from 28 institutions, such as Jiashi Fund and Penghua Fund, along with online investors [1]. Group 2: Cost Optimization and Supply Chain - The company indicated that the wafer prices from major foundries have returned to market levels, suggesting potential for cost improvements in the short term [1]. - The establishment of a dual-circulation supply chain system is underway, with expectations for enhanced capacity structure and product cost improvements as state-owned capacity increases and the 12-inch proprietary process platform is completed [1]. Group 3: Market Demand and Sales Performance - The wireless communication sector is stabilizing as the 5G construction phase concludes, with demand gradually recovering as client inventories are digested [2]. - The automotive market has shown good growth in Q3 2024, with plans to expand product categories and market share through the introduction of various signal chain and power management products [2]. Group 4: Pricing Strategy and Profitability - Since Q2, the average selling price and gross margin of the company's products have increased for two consecutive quarters [2]. - The company aims to maintain and improve product pricing and gross margin through flexible pricing strategies based on market competition and customer demand [2]. Group 5: International Expansion - The company is making steady progress in building teams, expanding customer bases, and developing channels for its overseas business [2].

Investment Rating - The investment rating for the company is "Accumulate" (maintained) [1] Core Views - The company has shown a continuous recovery trend in Q3, with significant growth in the signal chain segment and successful acquisition of Chuangxinwei, enhancing its power management capabilities [2][3] - In the first three quarters of 2024, the company achieved revenue of 848 million yuan, a year-on-year increase of 4.31%, while the net profit attributable to the parent company was -99 million yuan, with a gross margin of 49.46%, down 4.11 percentage points year-on-year [2][3] - The company completed the acquisition of Chuangxinwei on October 22, 2024, which is expected to strengthen its competitive advantage in power management and enhance product performance and technical service capabilities [2][3] Financial Performance Summary - In Q3 2024, the company achieved revenue of 342 million yuan, a quarter-on-quarter increase of 11.37% and a year-on-year increase of 69.76%, with a gross margin of 51.60%, up 3.31 percentage points quarter-on-quarter and 1.58 percentage points year-on-year [2][3] - The projected net profits for 2024-2026 are -23 million yuan, 108 million yuan, and 296 million yuan, respectively, with corresponding EPS of -0.17, 0.82, and 2.23 yuan [2][3] - The company’s revenue is expected to grow from 1.094 billion yuan in 2023 to 2.365 billion yuan in 2026, with a year-on-year growth rate of 41.0% in 2026 [3][4]

思瑞浦微电子科技（苏州）股份有限公司 2024 年第四次临时股东大会会议资料 证券代码：688536 证券简称：思瑞浦 思瑞浦微电子科技（苏州）股份有限公司 2024 年第四次临时股东大会会议资料 会议召开时间：2024 年 11 月 15 日 1 思瑞浦微电子科技（苏州）股份有限公司 2024 年第四次临时股东大会会议资料 目 录 | 2024 | 年第四次临时股东大会会议须知 3 | | --- | --- | | 2024 | 年第四次临时股东大会会议议程 5 | | 2024 | 年第四次临时股东大会会议议案 6 | | | 议案一：关于变更公司 2024 年度财务及内部控制审计机构的议案 6 | 2 思瑞浦微电子科技（苏州）股份有限公司 2024 年第四次临时股东大会会议资料 2024 年第四次临时股东大会会议须知 为了维护全体股东的合法权益，确保股东大会的正常秩序和议事效率，保证 大会的顺利进行，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》"）《上市公司股东大会规则》以及 《思瑞浦微电子科技（苏州）股份有限公司章程》（以下简称"《公司章程》 ...

国浩律师（上海）事务所 关于 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 之 交易实施情况的 法律意见书 上海市北京西路 968 号嘉地中心 27 层 邮编：200041 27th Floor, Garden Square, No. 968 West Beijing Road, Shanghai 200041, China 电话/Tel: +86 21 5234 1668 传真/Fax: +86 21 5243 3320 网址/Website: http://www.grandall.com.cn 二〇二四年十一月 | 第一节 | 引言 3 | | --- | --- | | 第二节 | 正文 5 | | 一、本次交易方案概述 5 | | | 二、本次交易的批准与授权 6 | | | 三、本次交易标的实施情况 7 | | | 四、本次交易实际情况与此前信息披露的差异情况 8 | | | 五、董事、监事、高级管理人员的更换情况及其他相关人员的调整情况 9 | | | 六、关联方资金占用及关联担保情况 9 | | | 七、相关协议及承诺的履行情况 10 | | | ...

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 之可转换公司债券登记完成暨实施情况报告书 独立财务顾问 签署日期：二〇二四年十一月 上市公司声明 本公司及董事会全体成员保证本公告书内容的真实、准确、完整，不存在 虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 本次交易的交易对方已出具承诺函，承诺为本次交易所提供的信息真实、 准确、完整，不存在任何虚假记载、误导性陈述或者重大遗漏。 本次交易有关监管部门对本次交易事项所作的任何决定或意见，均不代表 其对本公司股票的价值或投资者收益的实质性判断或保证。任何与之相反的声 明均属虚假不实陈述。 根据《证券法》等相关法律、法规的规定，本次交易完成后，本公司经营 与收益的变化，由本公司自行负责，由此变化引致的投资风险，由投资者自行 负责。投资者若对本公告书存在任何疑问，应咨询自己的股票经纪人、律师、 会计师或其他专业顾问。 本公告书的目的仅为向公众提供有关本次交易的实施情况，投资者如欲了 解更多信息，请仔细阅读《思瑞浦微电子科技（苏州）股份有限公司发 ...

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].