安徽芯动联科微系统股份有限公司董事会提名委员会 综上，我们同意提名俞高为公司第二届董事会独立董事候选人，并同意将该 议案提交公司第二届董事会第七次会议进行审议。 安徽芯动联科微系统股份有限公司董事会提名委员会 2024 年 11 月 19 日 关于第二届董事会独立董事候选人的审核意见 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》《上市公司独立董事管理办法》及《安徽芯动联科微系统股份有限 公司章程》等有关规定，公司第二届董事会提名委员会对第二届董事会独立董事 候选人的任职资格进行了审核并发表审核意见如下： 1、经审阅公司第二届董事会独立董事候选人俞高的个人履历等相关资料， 上述独立董事候选人未持有公司股份，与公司其他董事、监事、高级管理人员以 及持股 5%以上股东不存在其他关联关系，不存在《公司法》规定的不得担任公司 的董事的情形；未被中国证监会采取证券市场禁入措施；未被证券交易所公开认 定为不适合担任上市公司董事；未受过中国证监会行政处罚和证券交易所公开谴 责或通报批评；没有因涉嫌犯罪被司法机关立案侦查或者涉嫌违法违规被中国证 监会立案调查等情形；经查询不属于失信被执行人， ...

本公司及董事会全体成员保证公告内容与信息披露义务人提供的信息一 致。 重要内容提示： 根据 2024 年 11 月 18 日询价申购情况，初步确定的本次询价转让价格为 37.91 元/股。 一、本次询价转让初步定价 证券代码：688582 证券简称：芯动联科 公告编号：2024-037 安徽芯动联科微系统股份有限公司 股东询价转让定价情况提示性公告 股东北方电子研究院有限公司保证向安徽芯动联科微系统股份有限公司 （以下简称"芯动联科"或"本公司"）提供的信息内容不存在任何虚假记载、 误导性陈述或者重大遗漏，并对其真实性、准确性和完整性依法承担法律责任。 （一）经向机构投资者询价后，初步确定的转让价格为37.91元/股。 （二）参与本次询价转让报价的机构投资者家数为11家，涵盖了基金管理公 司、证券公司、合格境外机构投资者及私募基金管理人等专业机构投资者。 （三）本次询价转让拟转让股份已获全额认购，初步确定受让方为10家机构 投资者，拟受让股份总数为4,007,000股。 二、相关风险提示 （一）本次询价转让受让方及受让股数仅为初步结果，尚存在拟转让股份被 司法冻结、扣划等风险。询价转让的最终结果以中国证券登记 ...

中信建投证券股份有限公司 关于安徽芯动联科微系统股份有限公司 股东向特定机构投资者询价转让股份 相关资格的核查意见 （北京市朝阳区安立路 66 号 4 号楼） （一）核查过程 根据相关法规要求，中信建投证券对出让方的相关资格进行了核查。出让方 已出具《关于向特定机构投资者询价转让首次公开发行前已发行股份出让方相关 承诺及声明》。中信建投证券已于 2024 年 11 月 14 日完成出让方资格核查工作， 对出让方进行访谈和问询，并收集相关核查文件。此外，中信建投证券还通过公 开信息渠道检索等手段对出让方资格进行了核查。 （二）核查情况 | 企业名称 | 北方电子研究院 91610138MA6TX5QL5K 有限公司 | 统一社会信 用代码 | | | | | --- | --- | --- | --- | --- | --- | | 类型 注册地址 | 有 限 责 任 公 司 2015 年 日 (国有独资) 西安市航天基地凤栖东路西安电子工程研究所 号大楼 2 层、3 层 | 成立日期 | 11 | 月 | | | 经营范围 | 雷达及配套技术、通讯与电子对抗技术、电子和通讯技术、电磁技术、雷达 核心组件器件、 ...

证券代码：688582 证券简称：芯动联科 公告编号：2024-036 安徽芯动联科微系统股份有限公司 股东询价转让计划书 股东北方电子研究院有限公司保证向安徽芯动联科微系统股份有限公司提 供的信息内容不存在任何虚假记载、误导性陈述或者重大遗漏，并对其真实性、 准确性和完整性依法承担法律责任。 本公司及董事会全体成员保证公告内容与信息披露义务人提供的信息一致。 重要内容提示： 拟参与安徽芯动联科微系统股份有限公司（以下简称"芯动联科"）首发 前股东询价转让（以下简称"本次询价转让"）的股东为北方电子研究院有限公 司（以下简称"电子院"或"出让方"）； 出让方拟转让股份的总数为 4,007,000 股，占芯动联科总股本的比例为 1.00%； 本次询价转让不通过集中竞价交易或大宗交易方式进行，不属于通过二 级市场减持。受让方通过询价转让受让的股份，在受让后 6 个月内不得转让； 本次询价转让的受让方为具备相应定价能力和风险承受能力的机构投资 者。 一、拟参与转让的股东情况 （一）出让方的名称、持股数量、持股比例 出让方委托中信建投证券股份有限公司（以下简称"中信建投证券"）组织 实施本次询价转让。截至 2024 ...

证券代码：688582 证券简称：芯动联科 公告编号：2024-035 安徽芯动联科微系统股份有限公司 关于 2023 年限制性股票激励计划首次授予部分第一个归属期第一批 次归属结果暨股份上市的公告 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： 本次股票上市类型为股权激励股份；股票认购方式为网下，上市股数为 596,400 股。 本次股票上市流通总数为 596,400 股。 本次股票上市流通日期为 2024 年 11 月 13 日。 安徽芯动联科微系统股份有限公司（以下简称"公司"或"本公司"）于近日 收到中国证券登记结算有限责任公司上海分公司出具的《证券变更登记证明》，公 司完成了 2023 年限制性股票激励计划首次授予部分第一个归属期第一批次的股份 登记工作。现将有关情况公告如下： 一、本次限制性股票归属的决策程序及相关信息披露 （一）2023 年 10 月 10 日，公司召开第一届董事会第十七次会议，审议通过 《关于公司<2023 年限制性股票激励计划（草案）>及其摘要的议案》《关于公司 <2023 ...

Investment Rating - Buy rating (first coverage) [1] Core Views - The company is a leading domestic supplier of high-end MEMS inertial navigation systems with significant technological barriers and long-term growth potential [4] - The high-performance MEMS market is expected to maintain rapid growth driven by applications such as eVTOL, autonomous driving, and military drones [5] - The company has strong R&D capabilities and pricing power, with its core performance indicators for high-performance gyroscopes reaching international advanced levels [6] Financial Projections - Revenue is expected to grow from 227 million yuan in 2022 to 990 million yuan in 2026, with a CAGR of 43.5% [7] - Net profit is projected to increase from 117 million yuan in 2022 to 439 million yuan in 2026, with a CAGR of 34.5% [7] - Gross margin is expected to remain high, ranging from 79% to 85.9% from 2022 to 2026 [7] Industry Overview - The global high-performance MEMS gyroscope market is expected to grow at a CAGR of 42.3% from 2023 to 2028, driven by applications in military, industrial, and autonomous driving sectors [5] - The eVTOL market is projected to reach 9.5 billion yuan by 2026, with a CAGR of 72.3% from 2024 to 2026 [5] - The autonomous driving IMU market in China is expected to grow from 3.151 billion yuan in 2023 to 15.494 billion yuan by 2030, with a CAGR of 25.55% [5] Company Strengths - The company is one of the few domestic companies capable of mass-producing high-performance MEMS gyroscopes, with core performance indicators reaching international advanced levels [4] - The company has strong pricing power due to the lack of domestic competitors at the same level, maintaining high gross margins [6] - The company has a robust R&D team, with 82 R&D personnel accounting for 47.4% of total employees, and 58.54% of R&D personnel holding master's or doctoral degrees [21] Market Opportunities - The company is well-positioned to benefit from the growth of low-altitude economy, autonomous driving, and military applications, which are key drivers for the MEMS industry [52] - The company's MEMS gyroscopes are expected to replace fiber optic and laser gyroscopes in certain high-end applications due to their cost advantages and compact size [30] - The company's MEMS IMU products are expected to see increased demand in humanoid robots, with each robot requiring 4 IMUs for posture control and stability [63]

Company Overview - Founded in 2012 and listed on the Shanghai Stock Exchange's STAR Market in June 2023, with stock code 688582 [2] - Specializes in the R&D, testing, and sales of high-performance silicon-based MEMS inertial sensors [2] - Has established a complete business process and supply chain system, with proprietary high-performance MEMS inertial sensor products [2] - MEMS sensor chips have reached navigation-grade precision, filling a domestic gap in high-performance silicon-based MEMS inertial sensors [2] Product and Market - Main products include high-performance MEMS inertial sensors, such as gyroscopes and accelerometers, which are core components of inertial systems [2] - Products are used in various fields including unmanned systems, industrial robots, autonomous driving, commercial aerospace, and more [2][3] - FM accelerometer has achieved nearly 1,000 units in shipments and is undergoing customer validation [5] - Accelerometer product line is expected to replicate the revenue growth trajectory of gyroscope products, with significant future market potential [5] Financial Performance - Maintained stable product prices despite market pressures, with no significant changes in pricing for customers with stable procurement volumes [4] - Achieved growth in both production and sales volumes, leading to a slight reduction in unit costs through economies of scale [4] - Gross margin remains high due to effective cost control and technological innovation [4] - Orders are balanced across various fields, with a significant order disclosed in July 2024 contributing to stable revenue growth [4] Competitive Analysis - Gyroscope products have performance advantages over international giants like Honeywell, with highly integrated ASIC solutions [7] - The company focuses solely on MEMS inertial devices, leveraging its resources to enhance product performance and market competitiveness [7] - Unlike traditional IDM manufacturers, the company's foundry model allows for faster response to market changes and technological updates [7] Future Outlook - Plans to continue investing in R&D to maintain market competitiveness and leadership [5] - Expects the accelerometer product line to achieve significant revenue growth, particularly with dual-axis and tri-axis accelerometers [5] - Gross margins in new fields like low-altitude and satellite applications are expected to remain similar to current levels, while automotive applications may see lower margins (30-40%) [6]

Investment Rating - The report maintains a "Buy-A" rating for the company, indicating an expected outperformance of 5%-15% relative to the benchmark index [1] Core Views - The company has shown robust growth with a 41.21% YoY increase in revenue to 271 million yuan and a 42.39% YoY increase in net profit to 138 million yuan for the first three quarters of 2024 [1] - The company's gross profit margin remains high at 83.97%, with a slight decrease of 1.78 percentage points YoY, while the net profit margin improved by 0.42 percentage points to 50.87% [1] - The company has significantly increased its R&D investment, with a 46.61% YoY growth in R&D spending to 82.51 million yuan in the first three quarters of 2024 [1] Financial Performance - The company's revenue for Q3 2024 reached 134 million yuan, a 40.37% YoY increase, with net profit growing 45.53% YoY to 81.63 million yuan [1] - The company's EPS for the first three quarters of 2024 was 0.35 yuan, a 29.63% YoY increase [1] - The company's ROE for the first three quarters of 2024 was 6.24%, with a total market capitalization of 19.2 billion yuan [1] Future Projections - The company is expected to achieve revenues of 4.45 billion, 6.23 billion, and 8.68 billion yuan in 2024, 2025, and 2026, respectively, with YoY growth rates of 40.5%, 39.7%, and 39.4% [1] - Net profit is projected to be 231 million, 321 million, and 438 million yuan for 2024, 2025, and 2026, respectively, with YoY growth rates of 39.9%, 38.8%, and 36.5% [1] - The company's EPS is expected to be 0.58, 0.80, and 1.10 yuan for 2024, 2025, and 2026, respectively, with corresponding P/E ratios of 83.0X, 59.8X, and 43.8X [1] R&D and Product Development - The company has been continuously increasing its R&D investment to enhance product competitiveness, with a focus on improving the performance of existing products like gyroscopes and accelerometers, as well as expanding the range of R&D products [1] - R&D expenses for Q3 2024 were 28.79 million yuan, a 24.75% YoY increase [1] Market Performance - The company's stock closed at 48.01 yuan on October 28, 2024, with a circulating market value of 11.67 billion yuan and a total market value of 19.2 billion yuan [1] - The company's stock has shown strong performance, with a year-to-date high of 49.93 yuan and a low of 21.61 yuan [1]

Investment Rating - Buy (maintained) [1] Core Views - The company's Q3 2024 financial performance remains strong, with revenue reaching 1.34 billion yuan, a year-on-year increase of 40.37%, and net profit attributable to shareholders of 816.33 million yuan, up 45.53% year-on-year [1] - The company's core business performance is excellent, with non-GAAP net profit reaching 765.99 million yuan, a year-on-year increase of 55.73% [1] - The company's gross profit margin has improved, reaching 83.97% in Q3 2024, up 0.96 percentage points from 83.01% in the 2023 annual report [1] - The company's high-performance inertial sensor chips are widely used in high-reliability, high-end industrial, and unmanned systems, with potential for significant downstream market expansion [1] - The company has secured customer projects and large orders, demonstrating the quality of its high-performance inertial sensor chips [1] Financial Performance and Forecasts - Revenue for 2024-2026 is forecasted to be 4.72/6.84/9.68 billion yuan, with net profit attributable to shareholders of 2.37/3.26/4.02 billion yuan [1] - EPS for 2024-2026 is projected to be 0.59/0.82/1.01 yuan, with P/E ratios of 78/57/46 times [1] - The company's gross profit margin is expected to remain high, with forecasts of 81.7%/80.5%/79.7% for 2024-2026 [2] - ROE is projected to increase from 7.8% in 2023 to 15.5% in 2026 [2] Industry and Market Position - The company's high-performance inertial sensor chips are applied in various industries, including commercial aerospace, maritime, resource exploration, industrial IoT, drones, autonomous driving, and robotics [1] - The company maintains a leading position in the high-performance inertial sensor chip market, with strong pricing power and industry status [1] Financial Ratios and Metrics - The company's P/E ratios for 2024-2026 are 77.82/56.61/45.91 times, with P/B ratios of 8.43/7.84/7.11 times [2] - The company's EV/EBITDA ratios for 2024-2026 are 26.12/18.69/13.36 times [2] - The company's net profit margin is expected to remain above 40%, with forecasts of 50.25%/47.69%/41.58% for 2024-2026 [3]