Financial Performance - The company reported a net profit attributable to shareholders, excluding non-recurring gains and losses, of negative value for 2024[3]. - The board has decided not to distribute profits for the 2024 fiscal year, including no cash dividends or stock bonuses, with retained earnings carried forward to the next year[5]. - The company's revenue for 2024 reached CNY 50,739.99 million, representing a 5.61% increase compared to CNY 48,044.73 million in 2023[20]. - The net profit attributable to shareholders decreased by 69.38% to CNY 843.29 million in 2024 from CNY 2,753.91 million in 2023[20]. - The net cash flow from operating activities was negative CNY 6,686.70 million, a 169.90% decline from CNY 9,566.06 million in 2023[20]. - The total assets at the end of 2024 were CNY 178,689.05 million, a slight decrease of 0.64% from CNY 179,832.22 million in 2023[20]. - The basic earnings per share for 2024 were CNY 0.018, down 72.31% from CNY 0.065 in 2023[21]. - The company's net assets attributable to shareholders decreased by 1.44% to CNY 157,341.89 million at the end of 2024 from CNY 159,645.07 million at the end of 2023[20]. - The weighted average return on equity for 2024 was 0.53%, a decrease of 1.77 percentage points from 2.30% in 2023[21]. - The company reported a net profit excluding non-recurring gains and losses of negative CNY 368.23 million in 2024, a decline of 117.31% from CNY 2,127.79 million in 2023[20]. Operational Risks and Challenges - The company has outlined various operational risks, including the potential for significant profit declines or losses in 2024[3]. - The company warns that forward-looking statements regarding future plans and strategies do not constitute substantive commitments to investors[7]. - The company faces risks of declining performance due to intense market competition and potential downturns in downstream market demand[66]. - The proportion of inventory value to current assets was 16.05%, indicating potential risks related to inventory depreciation[69]. - Accounts receivable accounted for 9.65% of current assets, posing risks if clients face financial difficulties[69]. Research and Development - Research and development expenses accounted for 12.98% of revenue in 2024, an increase of 1.11 percentage points from 11.87% in 2023[21]. - The total R&D investment for the year was ¥65,850,478.48, representing a 15.48% increase compared to the previous year's investment of ¥57,021,319.20[55]. - The company has established a three-tier R&D system focusing on pre-research, development, and mass production to ensure technological leadership[1]. - The company has developed a comprehensive R&D system, emphasizing self-innovation and market-driven product performance improvements, with a structured product development process[45][46]. - The company is focusing on new product lines that support high resolution, high frame rates, and low power consumption, which are expected to become mainstream in the market[49][50]. - The company is developing a low-power, compact, cost-effective display driver chip for wearable devices, with an expected total investment of ¥3,464.00 million and a current investment of ¥405.59 million[58]. - The company is working on a 4K/8K ultra-high-definition display driver chip, with a total investment of ¥2,803.00 million and a current investment of ¥642.80 million[58]. - The company has a strong competitive edge in developing low-power, high-resolution display driver chips for smartphones, with a total investment of ¥1,580.00 million and a current investment of ¥98.95 million[58]. - The company has increased its R&D personnel from 101 to 106, indicating a focus on expanding its innovation capabilities[61]. Market Strategy and Growth - The company plans to continue expanding its market presence and invest in new product development to drive future growth[20]. - The company achieved record shipment volumes during the reporting period, contributing to stable revenue growth despite a challenging competitive landscape[31]. - The company is actively promoting business development and optimizing costs, leading to continuous improvement in operational performance[31]. - The company is focusing on technological innovation to achieve domestic substitution in high-end display chips, particularly in Mini/Micro-LED technologies[109]. - The company aims to deepen its focus on the display chip sector, with a strategic goal to expand product categories and enhance core competitiveness, particularly in TCON product lines and next-generation AMOLED products[108]. Corporate Governance - The company has not disclosed any special arrangements for corporate governance[6]. - The company has established a comprehensive internal control system to enhance risk prevention capabilities in accordance with relevant laws and regulations[125]. - The company has a robust information disclosure management system to ensure timely, accurate, and complete information disclosure, protecting investor rights[123]. - The company has successfully completed the re-election of its board and supervisory committee, ensuring compliance with governance regulations[121][122]. - The company will continue to strengthen its internal management systems to ensure compliance with relevant laws and regulations[152]. Environmental and Social Responsibility - The company emphasizes sustainable development and integrates ESG principles into its strategic planning and daily operations[188]. - The company is committed to reducing environmental impact by optimizing resource utilization and promoting green practices throughout its operations[189]. - The company has not faced any administrative penalties related to environmental issues during the reporting period[191]. - The company adheres to responsible innovation principles, ensuring compliance with social norms in technology development[197]. Talent Management - The company emphasizes the importance of talent retention and has implemented incentive plans to bind core personnel to its growth objectives[64]. - The company has established a scientific talent development mechanism to enhance employee growth and support business development[168]. - The company employs 56 individuals with master's degrees or higher, and 123 with bachelor's degrees[166]. - The total remuneration for all directors, supervisors, and senior management personnel at the end of the reporting period amounted to 494.49 million[144]. - The total remuneration for core technical personnel at the end of the reporting period was 154.72 million[144].

Financial Performance - The company's operating revenue for Q1 2025 reached ¥150,323,823.80, representing a 49.95% increase compared to ¥100,246,182.95 in the same period last year[2] - Net profit attributable to shareholders was ¥2,185,135.59, a significant recovery from a loss of ¥11,464,471.74 in the previous year[2] - The net profit after deducting non-recurring gains and losses increased by 67.86% to ¥1,765,995.08 from ¥1,052,066.03[2] - Net profit for Q1 2025 was ¥1,528,352.37, compared to a net loss of ¥11,679,214.58 in Q1 2024[19] - The company reported a comprehensive income of ¥1,468,974.94 for Q1 2025, compared to a loss of ¥11,604,762.41 in Q1 2024[20] - The company's net profit for Q1 2025 reached CNY 3,009,915.60, a significant recovery from a net loss of CNY 12,145,094.18 in Q1 2024[27] - Operating profit for Q1 2025 was CNY 1,119,749.30, compared to an operating loss of CNY 15,943,678.38 in the same period last year[27] - The total comprehensive income for Q1 2025 was CNY 3,009,915.60, a recovery from a total comprehensive loss of CNY 12,145,094.18 in Q1 2024[28] Cash Flow - The net cash flow from operating activities improved to ¥79,063,926.29, a turnaround from a negative cash flow of ¥41,342,723.26 in the previous year[2] - Cash inflow from operating activities in Q1 2025 totaled ¥247,018,953.33, significantly higher than ¥121,756,239.27 in Q1 2024[20] - The company's cash flow from sales of goods and services was ¥157,737,392.08 in Q1 2025, compared to ¥104,124,416.02 in Q1 2024[20] - The cash outflow from investing activities was ¥12,020,590.15, an improvement from a larger outflow of ¥30,864,102.55 in the previous period[22] - The cash inflow from financing activities was ¥34,044,678.39, a recovery from a cash outflow of ¥53,241,310.27 in the previous period[22] - The company reported a net cash flow from operating activities of CNY 51,305,836.77 in Q1 2025, compared to CNY 42,231,035.51 in Q1 2024, indicating a growth of about 21.5%[28] Research and Development - Research and development expenses totaled ¥17,810,033.72, up 59.83% from ¥11,143,156.52, accounting for 11.85% of operating revenue[3] - The company plans to continue increasing its R&D investment to enhance its capabilities across multiple product areas[6] - Research and development expenses for Q1 2025 were ¥17,810,033.72, an increase of 59.5% from ¥11,143,156.52 in Q1 2024[18] - Research and development expenses increased to CNY 16,669,735.19 in Q1 2025 from CNY 11,164,761.69 in Q1 2024, reflecting a growth of approximately 49.4%[27] Assets and Liabilities - Total assets increased by 3.23% to ¥1,844,523,432.00 from ¥1,786,890,541.17 at the end of the previous year[3] - The company's total assets as of March 31, 2025, amounted to RMB 1,844,523,432.00, an increase from RMB 1,786,890,541.17 as of December 31, 2024[14] - Current assets totaled RMB 1,461,006,730.68 as of March 31, 2025, compared to RMB 1,415,431,367.35 at the end of 2024, reflecting a growth of approximately 3.22%[14] - Total liabilities as of the reporting date were ¥280,977,178.51, up from ¥199,381,709.17 year-over-year[16] - The total liabilities rose to ¥356,242,990.09, compared to ¥279,507,080.60, indicating an increase of about 27.5%[25] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 9,768[8] - As of March 31, 2025, the company has repurchased a total of 3.331905 million shares, accounting for 0.73% of the total share capital of 45,952.9412 million shares, with a total expenditure of RMB 45,681,324.90[10] Corporate Actions - The company is currently undergoing a major asset restructuring, with its stock suspended since March 3, 2025, to facilitate the issuance of shares and cash for asset acquisition[11] - The company has been actively organizing related parties to advance the asset acquisition transaction during the suspension period[12] - The board approved a proposal for issuing shares and convertible bonds to fund the asset acquisition on March 13, 2025[12]

中国国际金融股份有限公司 关于上海新相微电子股份有限公司 使用部分暂时闲置募集资金进行现金管理的核查意见 中国国际金融股份有限公司（以下简称"保荐机构"）作为上海新相微电子 股份有限公司（以下简称"新相微"或"公司"）的保荐机构和持续督导机构， 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》 《上海证券交易所上市公司自律监管指引第11号——持续督导》《上海证券交易 所科创板上市公司自律监管指引第1号——规范运作》《上市公司监管指引第2号 ——上市公司募集资金管理和使用的监管要求》等有关规定，就新相微使用部分 暂时闲置募集资金进行现金管理事项进行了核查，具体情况如下： 一、募集资金基本情况 根据中国证券监督管理委员会《关于同意上海新相微电子股份有限公司首次 公开发行股票注册的批复》（证监许可[2023]731号），同意公司首次公开发行股 票的注册申请。并经上海证券交易所同意，公司首次向社会公开发行人民币普通 股（A股）股票9,190.5883万股，每股发行价格为人民币11.18元，募集资金总额为 人民币102,750.78万元，扣除各项发行费用（不含增值税）人民币11,093.31万元 ...

中国国际金融股份有限公司 开展外汇套期保值业务的核查意见 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》《上海证券交易所科创板上市公司自律监管指引第 1 号——规范运作》等有关 法律、法规的规定，中国国际金融股份有限公司（以下简称"保荐机构"）作为上海 新相微电子股份有限公司（以下简称"新相微"或"公司"）持续督导工作的保荐机构， 对公司开展外汇套期保值业务的事项进行了审慎尽职调查，具体核查情况如下： 一、开展套期保值业务情况概述 （一）交易目的 为有效规避和防范汇率大幅波动对公司经营造成的不利影响，降低外汇市场风 险，降低财务费用，在不影响公司日常经营的前提下，公司及子公司拟开展外汇套 期保值等业务，来降低汇率波动对公司经营利润的影响，以积极应对外汇市场的不 确定性。 （二）交易规模 公司及子公司的套期保值业务预计动用的交易保证金和权利金上限（包括为交 易而提供的担保物价值、预计占用的金融机构授信额度、为应急措施所预留的保证 金等）任意时点最高余额不超过人民币 1 亿元（含），任一交易日持有的最高合约价 值不超过人民币 1 亿元（含）。 （三）资金来源 关于上海新相微电子股份有限 ...

上海新相微电子股份有限公司 审计报告 德皓审字[2025]00000922 号 北京德皓国际会计师事务所 (特殊普通合伙 ) Beijing Dehao International Certified Public Accountants (Limited Liability Partnership) 上海新相微电子股份有限公司 审计报告及财务报表 （2024 年 1 月 1 日至 2024 年 12 月 31 日止） | | 目 | 录 | 页 | 次 | | --- | --- | --- | --- | --- | | 一、 | 审计报告 | | 1-7 | | | 二、 | 已审财务报表 | | | | | | 合并资产负债表 | | 1-2 | | | | 合并利润表 | | 3 | | | | 合并现金流量表 | | 4 | | | | 合并股东权益变动表 | | 5-6 | | | | 母公司资产负债表 | | 7-8 | | | | 母公司利润表 | | 9 | | | | 母公司现金流量表 | | 10 | | | | 母公司股东权益变动表 | | 11-12 | | | | 财务报表附注 ...

上海新相微电子股份有限公司 关于营业收入扣除事项的 专项核查意见 德皓核字[2025]00000726 号 北京德皓国际会计师事务所 (特殊普通合伙 ) Beijing Dehao International Certified Public Accountants (Limited Liability Partnership) 上海新相微电子股份有限公司 关于营业收入扣除事项的 专项核查意见 （2024 年 1 月 1 日至 2024 年 12 月 31 日止） | | | | | | 二、 营业收入扣除情况明细表 1-2 关于营业收入扣除事项的 专项核查意见 德皓核字[2025]00000726号 上海新相微电子股份有限公司： 我们接受委托，对上海新相微电子股份有限公司（以下简称新相 微公司）2024 年度财务报表进行审计，并出具了德皓审字[2025] 00000922 号审计报告。在此基础上我们检查了贵公司编制的后附 2024 年度营业收入扣除情况明细表（以下简称"明细表"）。该明细表已由新 相微公司管理层按照上海证券交易所(以下简称"监管机构")发布的 《上海证券交易所股票上市规则（2023 年 8 ...

上海新相微电子股份有限公司 控股股东及其他关联方资金占用情况的专项说明 德皓核字[2025]00000724 号 北京德皓国际会计师事务所(特殊普通合伙) Beijing Dehao International Certified Public Accountants (Limited Liability Partnership) 上海新相微电子股份有限公司 控股股东及其他关联方资金占用情况的 专项说明 德皓核字[2025]00000724 号 北 京 德 皓 国 际 会 计 师 事 务 所 (特 殊 普 通 合 伙 ) Beijing Dehao International Certified Public Accountants (Limited Liability Partnership) 您可使用手机"扫一扫"或进入"这两周于证明波审计报告是否由具有铁业许可的会计师事务 您可使用手机"扫一扫"或进入"注册会计师行业统一监管平台（bapt/7ac.get/2017/1 上海新相微电子股份有限公司 控股股东及其他关联方资金占用情况的专项说明 (截止 2024年12月31日) | | | 第1页 í 控股股 ...

中国国际金融股份有限公司 关于上海新相微电子股份有限公司 2025年度担保额度预计的核查意见 中国国际金融股份有限公司（以下简称 "保荐机构"）作为上海新相微电子股份 有限公司（以下简称"新相微"或"公司"）首次公开发行股票并在科创板上市的保荐 机构，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》《科创板上市公司持续监管办法》等有关规定，对新相微2025年度对外担保 预计额度情况进行了核查，具体情况如下： 一、担保情况概述 （一）担保额度预计 因子公司经营发展需要，在风险可控的前提下，公司于2025年4月24日召开第二 届董事会第七次会议，审议通过了《关于公司2025年度担保额度预计的议案》，根 据日常业务开展的需要，公司拟为子公司在商品销售、原材料及设备采购、软件及 技术采购、加工等服务采购业务及其他相关业务的开展中提供无固定金额的经营类 担保。此类担保系根据部分供应商/交易方的要求提供，仅限于公司为子公司提供担 保。该担保的形式包括但不限于抵押、质押、留置、一般保证、连带责任保证及适 用法律法规项下的其他担保形式。此类担保未约定具体的担保债务金额，担保范围 涵盖被担保的债务人在 ...

上海新相微电子股份有限公司 募集资金存放与使用情况鉴证报告 德皓核字[2025]00000725 号 目 录 页 次 一、 募集资金存放与使用情况鉴证报告 1-2 二、 上海新相微电子股份有限公司 2024 年度募集 资金存放与实际使用情况的专项报告 1-7 募集资金存放与使用情况鉴证报告 德皓核字[2025] 00000725 号 北京德皓国际会计师事务所 (特殊普通合伙 ) Beijing Dehao International Certified Public Accountants (Limited Liability Partnership) 上海新相微电子股份有限公司 募集资金存放与使用情况鉴证报告 （2024 年度） 我们审核了后附的上海新相微电子股份有限公司（以下简称新相 微公司）《2024 年度募集资金存放与实际使用情况的专项报告》（以下 简称"募集资金专项报告"）。 一、董事会的责任 新相微公司董事会的责任是按照中国证券监督管理委员会《上市 公司监管指引第 2 号——上市公司募集资金管理和使用的监管要求 （2022 年修订）》、上海证券交易所发布的《上海证券交易所科创板上 市公司自律监管指 ...