2024 年年度股东大会 会议资料 中国 北京 二零二五年四月十日 证券简称：芯动联科 证券代码：688582 安徽芯动联科微系统股份有限公司 目录 | 股东大会会议须知 2 | | --- | | 股东大会会议议程 4 | | 议案一：《2024 年度董事会工作报告》 6 | | 议案二：《2024 年度监事会工作报告》 14 | | 议案三：《关于 2024 年度财务决算报告的议案》 18 | | 议案四：《关于 2024 年年度报告及其摘要的议案》 23 | | 议案五：《关于 2024 年度利润分配预案的议案》 24 | | 议案六：《关于 2025 年度日常关联交易预计的议案》 25 | | 议案七：《关于董事 2025 年度薪酬方案的议案》 29 | | 议案八：《关于监事 2025 年度薪酬方案的议案》 30 | | 议案九：《关于续聘会计师事务所的议案》 31 | | 2024 年度独立董事述职报告 34 | 第1/34页 安徽芯动联科微系统股份有限公司 2024 年年度股东大会会议须知 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 ...

Investment Rating - The report maintains a "Buy" investment rating for the company, indicating a positive outlook for future returns [6]. Core Insights - The company has demonstrated exceptional performance, with a reported revenue of 405 million yuan for 2024, reflecting a year-on-year growth of 27.57%. The net profit attributable to shareholders reached 222 million yuan, up 34.33% year-on-year [4][9]. - A significant contract worth 270 million yuan was signed with a client for the sale of gyroscope products, marking the largest sales order since the company's listing. This indicates a clear trend of increasing downstream demand [4][6]. - The company is diversifying its product offerings, including a six-axis IMU product line aimed at various applications such as autonomous driving and industrial robotics, which is expected to meet the growing market demand [5][6]. Financial Performance - The company’s revenue projections for 2025-2027 are set at 608 million, 920 million, and 1.399 billion yuan, respectively, with corresponding net profits of 315 million, 477 million, and 639 million yuan [6][9]. - The gross margin is projected to remain high, around 84% for the coming years, indicating strong profitability [9]. - The earnings per share (EPS) are forecasted to increase from 0.56 yuan in 2024 to 1.59 yuan by 2027, reflecting robust growth potential [9][11].

Investment Rating - The report maintains a "Buy" investment rating for the company, indicating a positive outlook for future returns [6]. Core Insights - The company has demonstrated strong performance with a reported revenue of 405 million yuan for 2024, reflecting a year-on-year growth of 27.57%. The net profit attributable to shareholders reached 222 million yuan, up 34.33% year-on-year, and the net profit after deducting non-recurring gains and losses was 212 million yuan, marking a 48.21% increase [4][6]. - A significant contract worth 270 million yuan was signed with a client for the sale of gyroscope products, which is the largest sales order since the company went public. This indicates a clear trend of increasing demand from downstream customers [4][6]. - The company is focusing on developing new products, including a six-axis IMU and high-performance chips, to meet diverse downstream demands in sectors such as autonomous driving and industrial robotics [5][6]. Financial Performance Summary - For 2024, the company achieved a revenue of 405 million yuan, with a projected revenue growth of 50.4% in 2025, reaching 608 million yuan. The net profit is expected to grow to 315 million yuan in 2025, representing a 41.9% increase [9]. - The gross margin is projected to remain high, around 85% for 2024, with a slight decline expected in subsequent years [9]. - The earnings per share (EPS) for 2024 is reported at 0.56 yuan, with forecasts of 0.79 yuan in 2025 and 1.19 yuan in 2026 [9][11].

Investment Rating - The report maintains an "Accumulate-A" rating for the company [1][6]. Core Views - The company's revenue for 2024 reached 405 million yuan, representing a year-on-year growth of 27.57%, while the net profit attributable to the parent company was 222 million yuan, up 34.33% year-on-year. The growth in revenue and profit is primarily driven by the rapid increase in MEMS accelerometer sales and the expansion of product applications [1][2]. - The company has significantly improved its gross margin and net margin in 2024, with gross margin at 85.03%, an increase of 2.02 percentage points year-on-year, and net margin at 54.93%, up 2.76 percentage points year-on-year. This improvement is attributed to the optimization of product structure following the launch of new MEMS accelerometer products [2][6]. Financial Performance - In 2024, the company achieved a revenue of 405 million yuan, with a year-on-year growth of 27.57%. The net profit attributable to the parent company was 222 million yuan, reflecting a year-on-year increase of 34.33%. The basic earnings per share (EPS) was 0.56 yuan, up 27.27% year-on-year [1][8]. - The revenue composition for 2024 included 351 million yuan from MEMS gyroscopes, 27.84 million yuan from MEMS accelerometers, 21.4 million yuan from inertial measurement units, and 4.23 million yuan from technical services, with respective revenue shares of 86.75%, 6.88%, 5.29%, and 1.05% [1][2]. - The company’s R&D expenses for 2024 were 109 million yuan, a year-on-year increase of 36.52%, indicating a commitment to enhancing product competitiveness [3][6]. Future Projections - The company is expected to achieve revenues of 588 million yuan, 822 million yuan, and 1.129 billion yuan for the years 2025, 2026, and 2027, respectively, with year-on-year growth rates of 45.5%, 39.7%, and 37.3% [6][8]. - The projected net profits for the same years are 311 million yuan, 426 million yuan, and 576 million yuan, with corresponding growth rates of 40.2%, 36.7%, and 35.3% [6][8].

Investment Rating - The report maintains an "Accumulate-A" rating for the company [1][6]. Core Views - The company has shown significant growth in revenue and net profit for 2024, with revenue reaching 405 million yuan, a year-on-year increase of 27.57%, and net profit reaching 222 million yuan, a year-on-year increase of 34.33% [1][2]. - The rapid growth in revenue is primarily driven by the successful introduction and validation of MEMS accelerometer products in various applications, leading to increased market penetration [1][2]. - The company has increased its R&D investment by 36.52% in 2024, amounting to 109 million yuan, which is expected to enhance product competitiveness and support future growth [3][6]. Financial Performance - In 2024, the company achieved a gross margin of 85.03%, up 2.02 percentage points from the previous year, and a net margin of 54.93%, up 2.76 percentage points [2][8]. - The revenue composition for 2024 includes MEMS gyroscopes (351 million yuan, 86.75%), MEMS accelerometers (27.84 million yuan, 6.88%), inertial measurement units (21.40 million yuan, 5.29%), and technical services (4.23 million yuan, 1.05%) [1][2]. - The company forecasts revenues of 588 million yuan, 822 million yuan, and 1.129 billion yuan for 2025, 2026, and 2027, respectively, with corresponding net profits of 311 million yuan, 426 million yuan, and 576 million yuan [6][8]. Product Development - The company has successfully developed and started small-scale production of FM accelerometers, as well as single-chip dual-axis and tri-axis products, contributing to the rapid growth of MEMS accelerometer revenue [1][3]. - Ongoing R&D efforts include advancements in gyroscopes, accelerometers, pressure sensors, and IMUs, which are crucial for applications in autonomous driving and industrial robotics [3][6].

Investment Rating - The report maintains a "Recommended" rating for the company [1][11]. Core Views - The company has demonstrated stable revenue growth, achieving an operating income of 405 million yuan in 2024, a year-on-year increase of 27.57%, and a net profit attributable to shareholders of 222 million yuan, up 34.33% year-on-year [3][6]. - The company's MEMS gyroscopes and accelerometers are experiencing steady growth, with the gyroscope revenue reaching 351 million yuan, a 34.76% increase, and the accelerometer revenue growing by 68.57% to 28 million yuan [6][7]. - The company has a strong focus on R&D, with R&D expenses amounting to 109 million yuan, a 36.52% increase, which supports product innovation and competitiveness [6][7]. Summary by Sections Financial Performance - In 2024, the company reported operating income of 405 million yuan and a net profit of 222 million yuan, with a gross margin of 85.03% [3][6]. - Revenue projections for 2025, 2026, and 2027 are 578 million yuan, 812 million yuan, and 1,120 million yuan respectively, with corresponding net profits of 304 million yuan, 419 million yuan, and 569 million yuan [5][8]. Product Development - The company is advancing its MEMS gyroscope and accelerometer product lines, with significant improvements in performance and production capabilities [6][7]. - New product developments include high-performance resonant accelerometers and pressure sensors, which are expected to enhance market competitiveness [6][7]. Market Position - The company is positioned well within the MEMS sensor market, with a focus on high-performance applications in various industries, including automotive and industrial sectors [6][7]. - The report highlights the company's unique product offerings and growth potential, suggesting a favorable outlook for future performance [6][7].

Investment Rating - The investment rating for the company is "Recommended" (maintained) with a stock price of 62.79 CNY [1]. Core Views - The company has demonstrated stable revenue growth and enhanced profitability, achieving a revenue of 405 million CNY in 2024, a year-on-year increase of 27.57%, and a net profit of 222 million CNY, up 34.33% year-on-year [3][6]. - The company's MEMS gyroscopes and accelerometers are experiencing steady growth, with the gyroscope revenue reaching 351 million CNY, a 34.76% increase, and the accelerometer revenue growing by 68.57% to 28 million CNY [6][7]. - The company maintains a strong focus on R&D, with R&D expenses amounting to 109 million CNY, a 36.52% increase, which supports product innovation and competitiveness [6][7]. Financial Summary - Revenue projections for 2025-2027 are as follows: 578 million CNY in 2025, 812 million CNY in 2026, and 1,120 million CNY in 2027, with respective year-on-year growth rates of 42.9%, 40.5%, and 37.9% [5][11]. - Net profit forecasts for the same period are 304 million CNY in 2025, 419 million CNY in 2026, and 569 million CNY in 2027, with year-on-year growth rates of 36.8%, 37.7%, and 35.9% [5][11]. - The company’s gross margin is projected to remain strong at around 85% for 2025 and beyond, with a net margin of approximately 52.6% in 2025 [5][11]. Product Development - The company is advancing its product lines, including the development of high-performance MEMS accelerometers and pressure sensors, which are expected to meet market demands for miniaturization and cost reduction [6][9]. - The company has established mass production capabilities for its FM accelerometers, which are anticipated to significantly enhance its market position [6][9]. Valuation Metrics - The projected earnings per share (EPS) for 2025 is 0.76 CNY, with corresponding price-to-earnings (P/E) ratios of 82.7 for 2025, 60.1 for 2026, and 44.2 for 2027 [5][11]. - The price-to-book (P/B) ratios are expected to decline from 10.8 in 2024 to 7.4 by 2027, indicating a potential increase in shareholder value over time [5][11].

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。 安徽芯动联科微系统股份有限公司（以下简称"公司"）于近日制定了《市值 管理制度》，具体情况如下： 为加强公司市值管理工作，积极响应《国务院关于进一步促进资本市场健康发 展的若干意见》中关于鼓励上市公司建立市值管理制度的号召，推动公司投资价值 提升，增强投资者回报，维护投资者利益，根据《中华人民共和国公司法》《中华 人民共和国证券法》《上市公司监管指引第10号——市值管理》《上海证券交易所 科创板股票上市规则》等法律法规、规范性文件的规定，制定《市值管理制度》。 证券代码：688582 证券简称：芯动联科 公告编号：2025-009 安徽芯动联科微系统股份有限公司 关于制定《市值管理制度》的公告 特此公告。 2025年3月19日 安徽芯动联科微系统股份有限公司董事会 ...

Core Viewpoint - The company plans to submit the estimated daily related transactions for the year 2025 to the 2024 annual shareholders' meeting for approval, ensuring that these transactions are necessary for daily operations and do not harm the interests of shareholders, especially minority shareholders [1][2][12]. Group 1: Daily Related Transactions Overview - The estimated daily related transactions for 2025 were approved by the company's second board of directors' independent directors' special meeting on March 4, 2025, and subsequently by the board and supervisory committee on March 14, 2025 [2][3]. - The transactions will be conducted based on fair, just, and open principles, adhering to fair pricing, and will not affect the company's independence or create dependency on related parties [1][12]. Group 2: Estimated Amounts and Categories - The estimated amounts for daily related transactions in 2025 include purchasing technology services from a shareholder holding more than 5% and government subsidies from joint research projects with Anhui North Microelectronics Research Institute Group Co., Ltd [3][9]. - The company will sign written agreements for all transactions, ensuring that prices are determined based on market conditions and mutual agreement [9][11]. Group 3: Related Parties and Relationships - Anhui North Microelectronics Research Institute Group Co., Ltd is a major shareholder of the company, and other clients and suppliers are under the same actual control [6][8]. - The related parties have a good track record in previous transactions, indicating strong performance and payment capabilities [8]. Group 4: Purpose and Impact of Transactions - The daily related transactions are essential for the company's business development and are conducted under normal market conditions, ensuring that they do not harm the interests of the company or its shareholders [12][13]. - The company will not become dependent on related parties due to these transactions, maintaining its operational independence [12][13]. Group 5: Appointment of Accounting Firm - The company intends to reappoint Zhonghui Certified Public Accountants as its financial and internal control auditing firm for the year 2025, pending approval at the 2024 annual shareholders' meeting [16][23]. - Zhonghui Certified Public Accountants has a strong track record, with 694 registered accountants and a revenue of 108,764 million yuan in the last audited year [17][19]. Group 6: Audit Committee and Board Approval - The audit committee has conducted thorough research and analysis on Zhonghui Certified Public Accountants' professional competence, investor protection capabilities, and integrity, recommending their reappointment [22][23]. - The board of directors and supervisory committee have both approved the reappointment, which will be submitted for shareholder approval [23][24].

内部控制审计报告 中国杭州市钱江新城新业路 8 号 UDC 时代大厦 A 座 5-8 层、12 层、23 层 Floors5-8,12and23,Block A,UDC Times Building,No.8 Xinye Road，Qianjiang New City,Hangzhou Tel.0571-88879999 Fax.0571-88879000 安徽芯动联科微系统股份有限公司 www.zhcpa.cn 否由具有执业许可的会计师事务所出 您可使用手机"扫一扫"或进入 台 (http://acc.mof.gov.cn) 浙25SR1 内部控制审计报告 中汇会审[2025]0888号 安徽芯动联科微系统股份有限公司全体股东: 按照《企业内部控制审计指引》及中国注册会计师执业准则的相关要求,我 们审计了安徽芯动联科微系统股份有限公司(以下简称芯动联科公司)2024年12月 31日的财务报告内部控制的有效性。 一、企业对内部控制的责任 按照《企业内部控制基本规范》《企业内部控制应用指引》《企业内部控制 评价指引》的规定,建立健全和有效实施内部控制,并评价其有效性是芯动联科 公司董事会的责任。 二、注册会计师 ...