天风证券股份有限公司 芯海科技（深圳）股份有限公司（以下简称"芯海科技"、"公司"、"发行人"） 经中国证券监督管理委员会《关于同意芯海科技（深圳）股份有限公司首次公开发 行股票注册的批复》（证监许可〔2020〕1930 号）同意，公司于 2020 年 9 月 28 日向 社会公众公开发行人民币普通股（A 股）2,500 万股并在上海证券交易所科创板上 市，公司聘请中信证券股份有限公司担任公司首次公开发行股票的保荐机构，持续 督导期至 2023 年 12 月 31 日。 根据中国证券监督管理委员会《关于同意芯海科技（深圳）股份有限公司向不 特定对象发行可转换公司债券注册的批复》（证监许可〔2022〕494 号），并经上海 证券交易所同意，公司由主承销商天风证券股份有限公司（以下简称"天风证券"、 "保荐机构"）采用余额包销方式，向不特定对象发行可转换公司债券，本次发行可 转债已于 2022 年 8 月 18 日在上海证券交易所科创板上市，天风证券为本次发行可 转债的保荐机构，持续督导期至 2024 年 12 月 31 日。同时，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》》等相关 ...

| | | 芯海科技（深圳）股份有限公司 关于参加2024年度科创板芯片设计环节行业 集体业绩说明会的公告 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： 1 会议召开时间：2025 年 4 月 17 日（星期四）下午 15:00-17:00 会议召开方式：上证路演中心视频直播和网络互动 会议召开地点：上海证券交易所上证路演中心（网址： 本次业绩说明会以视频结合网络互动形式召开，公司将针对2024年度经营成 果、财务状况和公司发展理念等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。 二、说明召开的时间、地点 （一） 会议召开时间：2025年4月17日（星期四）下午15:00-17:00 （二） 会议召开方式：上证路演中心视频直播和网络互动 http://roadshow.sseinfo.com/） 投资者可于 2025 年 4 月 10 日（星期四）至 2025 年 4 月 16 日（星期三） 16:00 前登录上证路演中心网站首页点击"提问预征集"栏目或通过公司邮 ...

天风证券股份有限公司 关于芯海科技（深圳）股份有限公司 2024 年度持续督导跟踪报告 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》和《上海证券交易所上市公司自律监管指引第 11 号——持续督导》等有 关法律、法规的规定，天风证券股份有限公司（以下简称"保荐机构"）作为芯 海科技（深圳）股份有限公司（以下简称"芯海科技"、"公司"或"发行人"） 的持续督导保荐机构，负责芯海科技的持续督导工作，并出具本持续督导跟踪 报告。 一、持续督导工作情况 | 序号 | 工作内容 | 持续督导情况 | | --- | --- | --- | | 1 | | 保荐机构已建立健全并有效执行 | | | 建立健全并有效执行持续督导工作制度，并针对 | 持续督导工作制度，并针对具体 | | | 具体的持续督导工作制定相应的工作计划 | 的持续督导工作制定相应的工作 | | | | 计划。 | | 2 | 根据中国证监会相关规定，在持续督导工作开始 | 保荐机构已与公司签订保荐协 | | | 前，与上市公司或相关当事人签署持续督导协 | 议，该协议已明确了双方在持续 | | | 议，明确双方在持续督导期 ...

中国经济网北京4月7日讯芯海科技(688595.SH)2024年实现营业收入7.02亿元，同比增长62.22%；归属 于上市公司股东的净利润-1.73亿元；归属于上市公司股东的扣除非经常性损益的净利润-1.82亿元；经 营活动产生的现金流量净额-0.97亿元，上年同期为0.15亿元。 2022年、2023年，芯海科技归属于上市公司股东的净利润分别为0.03亿元、-1.43亿元；归属于上市公司 股东的扣除非经常性损益的净利润分别为-0.40亿元、-1.57亿元。 | | | | 单位:元 币种:人民币 | | | --- | --- | --- | --- | --- | | 主要会计数据 | 2024年 | 2023年 | 本期比上年 | 2022年 | | | | | 同期增减(%) | | | 营业收入 | 702.306.080.34 | 432.946.141.25 | 62.22 | 617.672.465.80 | | 扣除与主营业务无关的业务 收入和不具备商业实质的收 | 702.306.080.34 | 432.946.141.25 | 62.22 | 617.672.465.80 | | 入 ...

Investment Rating - The report maintains an "Accumulate" rating for the company [1][5] Core Views - The company has formed a product matrix in PC MCU and is consolidating its advantages in the HarmonyOS ecosystem through AIoT integration [3][8] - The company's revenue for 2024 is projected to be RMB 702 million, representing a year-on-year growth of 62.2% [7][8] - The net profit attributable to the parent company for 2024 is expected to be a loss of RMB 173 million, but this loss has narrowed by RMB 92 million compared to the previous year when excluding share-based payment impacts [8] Summary by Sections Stock Performance - The company's stock has shown an absolute increase of 20.8% year-to-date and 21.7% over the past 12 months [2] Financial Projections - Revenue projections for the upcoming years are as follows: - 2025: RMB 980 million (39.5% growth) - 2026: RMB 1,302 million (32.9% growth) - 2027: RMB 1,656 million (27.2% growth) [7][9] - The estimated EPS for 2025 is -0.73 RMB, with a gradual improvement expected by 2027 to 0.66 RMB [5][9] Business Performance - The MCU chip business revenue for 2024 is projected at RMB 326 million, a year-on-year increase of 68% [8] - The analog signal chain chip business is expected to see a revenue increase of 137% year-on-year, reaching RMB 181 million [8] - The AIoT chip business is projected to grow by 18% year-on-year, with revenue of RMB 182 million [8] Strategic Developments - The company is transitioning its MCU and ADC products towards high-end markets, with significant R&D investments [5][8] - The company has established a health big data cloud platform through its subsidiary, enhancing its position in the HarmonyOS ecosystem [8]

2025年3月29日，芯海科技发布2024年年报，实现营业收入7.02亿元，同比增长62.22%。而与此同时， 公司亏损也同步走扩，归母净利润亏损1.73亿元，较去年扩大20.51%，呈现增收不增利局面。 观察芯海科技的历史业绩，其2021年之前营收与归母净利润均保持同步增长。2022年，公司营收迎来上 市以来首次下降，其归母净利润也大跌97%，录得"脚底斩"。2023年，公司营收进一步下降，归母净利 润也是大额转负。2024年，即使营收大额回暖，归母净利润却不见好转，亏损幅度反而进一步扩大。 公司财报显示，近年公司归母净利润表现是市场环境与公司战略共同作用的结果。一方面，消费电子与 MCU行业受国际贸易环境和消费疲软因素影响，公司营收和毛利率均出现波动，虽近期显著回暖，但 公司盈利能力较巅峰时期仍有较大差距；另一方面，公司主动扩大研发投入与存货规模也导致归母净利 润和现金流表现恶化。 总体而言，芯海科技2024年的业绩表现显示了行业环境边际改善的局面，与公司备足弹药以迎接下一轮 上行周期的雄心。但市场错综复杂，芯海科技的激进投入能否转化为竞争优势还未有定数，请投资者们 审慎看待。 近年行业压力致使营收与毛利 ...

交易信息汇总: 当日主力资金净流出473.17万元，占总成交额6.56%。 公司公告汇总: 截至2025年3月31日，"芯海转债"累计共有人民币25000元已转换为公司股票，累计 转股数量为446股，占转股前公司已发行股份总额的0.0003%。 公司公告汇总 芯海科技（深圳）股份有限公司发布可转债转股结果暨股份变动公告。截至2025年3月31日，"芯海转 债"累计共有人民币25000元已转换为公司股票，累计转股数量为446股，占转股前公司已发行股份总额 142381046股的0.0003%。未转股可转债金额为409975000元，占发行总量的99.9939%。2025年第一季度 无转股情况发生。 芯海科技向不特定对象发行41000万元可转换公司债券，每张面值100元，期限六年，自2022年7月21日 至2028年7月20日。转股期间为2023年1月30日至2028年7月20日，初始转股价格为56.00元/股。因股权 激励归属登记，转股价格分别于2022年10月27日、2023年1月17日和2023年12月14日调整为55.71元/ 股、55.68元/股和55.67元/股。 截至2025年3月31日，公司股本总 ...

芯海科技（深圳）股份有限公司 可转债转股结果暨股份变动公告 | | | 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： 累计转股情况：芯海科技（深圳）股份有限公司（以下简称"芯海科技" 或"公司"）向不特定对象发行可转换公司债券"芯海转债"自 2023 年 1 月 30 日开 始转股，截至 2025 年 3 月 31 日，"芯海转债"累计共有人民币 25,000 元已转换 为公司股票，累计转股数量为 446 股，占"芯海转债"转股前公司已发行股份总额 142,381,046 股的 0.0003%。 未转股可转债情况：截至 2025 年 3 月 31 日，"芯海转债"尚未转股的可 转债金额 409,975,000 元，占"芯海转债"发行总量的 99.9939%。 本季度转股情况：自 2025 年 1 月 1 日至 2025 年 3 月 31 日期间，"芯海 转债"共有人民币 0 元已转换为公司股票，转股数量为 0 股，占"芯海转债"转股 前公司已发行股份总额 142,381,046 股的 0.00%。 一、可 ...

上 市 公 司 2025 年 03 月 30 日 芯海科技 (688595) ——MCU、AIOT 需求修复，营收同比高增 62% 报告原因：有业绩公布需要点评 买入（上调） | 市场数据： 2025 年 03 月 28 日 | | | --- | --- | | 收盘价（元） | 37.69 | | 一年内最高/最低（元） | 49.50/21.79 | | 市净率 | 7.4 | | 息率（分红/股价） | - | | 流通 A 股市值（百万元） | 5,368 | | 上证指数/深证成指 3,351.31/10,607.33 | | | 注："息率"以最近一年已公布分红计算 | | | 基础数据: | 2024 年 12 月 31 日 | | --- | --- | | 每股净资产（元） | 4.82 | | 资产负债率% | 55.36 | | 总股本/流通 A 股（百万） | 142/142 | | 流通 B 股/H 股（百万） | -/- | 一年内股价与大盘对比走势： (8621)23297818× yanghy@swsresearch.com 本研究报告仅通过邮件提供给 中庚基金 使用。1 投 ...

Profit Distribution and Financial Performance - The company plans not to distribute profits for the fiscal year 2024, with no cash dividends or stock bonuses, and will carry forward the remaining undistributed profits to the next year[5]. - The company's profit distribution plan for 2024 has been approved by the board and will be submitted for shareholder approval[5]. - The company has not proposed a cash profit distribution plan for the reporting period despite positive profits, requiring detailed disclosure of reasons and future plans[181]. - The company's profit distribution policy emphasizes a stable return to shareholders, with cash dividends prioritized over other forms of distribution[175]. - Cash dividends must be at least 10% of the distributable profit if the net profit is positive and undistributed profits are positive at year-end[175]. - The board of directors can propose mid-term profit distributions based on the company's profitability and funding needs, with specific cash dividend ratios depending on the company's development stage[176]. - The company reported a net profit attributable to shareholders of RMB -172,873,624.69 for the most recent accounting year[182]. - The company reported a net loss attributable to shareholders for 2024 was ¥172.87 million, compared to a loss of ¥143.45 million in 2023[21]. - The company’s revenue for 2024 reached ¥702.31 million, representing a 62.22% increase compared to ¥432.95 million in 2023[21]. Audit and Compliance - The company has received a standard unqualified audit report from Tianjian Accounting Firm[4]. - The board of directors and supervisory board members have confirmed the authenticity, accuracy, and completeness of the annual report[3]. - The audit committee confirmed that the 2024 first quarter report is accurate and complete, with no fraud or significant misstatements[167]. - The internal control audit report received a standard unqualified opinion, indicating effective internal controls[193]. - The company received a warning letter from the Shenzhen Securities Regulatory Bureau on November 27, 2023, regarding compliance issues[161]. Research and Development - The company has detailed various risks it may face in the "Management Discussion and Analysis" section of the report[3]. - The R&D expenditure as a percentage of revenue was 41.22% in 2024, down from 45.83% in 2023[22]. - The total R&D expenditure for the year increased by 45.89% compared to the previous year, amounting to approximately ¥289.47 million[82]. - The company applied for 133 new invention patents and received approval for 61 during the reporting period[38]. - The company has a total of 1,784 intellectual property applications, with 983 approvals as of the end of the reporting period[80]. - The company has launched several products, including a high-precision 24-bit Sigma-Delta ADC, which is at the forefront of domestic and international standards[89]. - The company is focusing on high-precision ADC and reliable MCU products to capture market opportunities in domestic substitution, particularly in high-end applications like consumer electronics and automotive electronics[143]. Market and Product Development - The company is exploring potential mergers and acquisitions to enhance its market position and product offerings[21]. - The company is focusing on high-end markets such as automotive electronics and industrial control, with a strategic shift from traditional consumer electronics[34]. - The company has launched multiple new products targeting the computer, industrial, and automotive markets, further solidifying its industry position[57]. - The company achieved a revenue of 702.31 million yuan in 2024, representing a year-on-year growth of 62.22%[23]. - The company is actively managing its inventory levels in response to the growth in revenue, indicating a strategic approach to market demand[23]. Corporate Governance - The company has no special arrangements for corporate governance[8]. - The company emphasizes the importance of corporate governance, adhering to relevant laws and regulations to ensure effective operation and decision-making[146]. - The company held 2 shareholder meetings in 2024, ensuring compliance with legal and regulatory requirements[148]. - The company held its annual general meeting on April 19, 2024, where all 12 proposed resolutions were approved without any rejections[151]. - The company has maintained a consistent approach to governance with independent directors overseeing key committees[154]. Financial Position and Cash Flow - The net cash flow from operating activities for 2024 was -¥96.81 million, a significant decline of 751.39% from ¥14.86 million in 2023[21]. - The total assets increased by 16.74% to ¥1.70 billion at the end of 2024, up from ¥1.45 billion at the end of 2023[21]. - The company's net assets attributable to shareholders decreased by 17.49% to ¥755.40 million at the end of 2024, down from ¥915.49 million at the end of 2023[21]. - The company experienced a significant increase in cash flow from financing activities, totaling ¥224,239,904.05, compared to a negative cash flow of -¥108,937,858.38 in the previous year[106]. - The net cash flow from investing activities was a negative 85.80 million RMB, a decline of 1291.75% compared to the previous year[121]. Talent and Human Resources - The company has a total of 355 R&D personnel, accounting for 70.30% of the total workforce, with an average salary of ¥47.60 thousand[87]. - The company plans to implement a restricted stock incentive plan for 2024, aimed at long-term motivation for core talent[170]. - The company has conducted five phases of equity incentive plans since December 2020 to enhance employee engagement and retention[194]. - The company’s training plan aims to enhance employee capabilities through a structured development system and internal training programs[174]. - The company has a diverse executive team with experience in various sectors, including semiconductor research and development, which supports innovation[154]. Strategic Initiatives and Future Outlook - The company plans to continue focusing on R&D and market expansion strategies to improve future performance[21]. - The company aims to achieve revenue and net profit growth for the fiscal year 2025 compared to the previous year[143]. - The company plans to increase investment in AI technology, leveraging its ADC and MCU dual-platform advantages to focus on communication, robotics, industrial precision measurement, and automotive sectors[142]. - The company is committed to strengthening its talent development system to ensure a robust talent pipeline for sustainable growth[144]. - The company is establishing strategic partnerships with foundries and packaging factories to improve production efficiency and quality management[143].