公众的负担的感知还有这个与其我们的那个普通那个平台上面那么为了这两个ABC他们修了我们的可爱业务就包括了我们的这个这个从未来来看第一个就是我们的PC第二个是我们的电脑然后是我们的机身电子还有我们的工业负担这些个领域那这是为了我们的重点的发展方向那么传统的话有些消费队的比如说 那还有手机在这种高端类的那还有一些传统的比方说传统的消费性比方说客户啊然后健康质量啊对还有LTG也有 是我们传统也有这是我们公司的一个业务发展方向所以我们公司的业务呢最主要就是在武汉和其他这几个领域啊基于我们的ABC和MTO为客户去提供整套的解决方案这个模式来展开业务 然后公司业绩的话QE的话我们的营收应该是一个月一千五 一遍为,往上走一遍为那么实现了连续第五个季度的环境的增加通病的话也是增加了百分之百分之一百一万五十多对然后目前来说因为今天我看这个主题是PC嘛对目前来说在国内上市公司里面就是我们家应该是 比较少见的有在把PC这个领域作为我们的一个战略方向的一个公司为什么呢?因为PC这个生态比较封闭以前基本上都是海外潮汕军舰以台系和美系为主大家都知道吧因为台湾的电子产业包括发电子产业反正发家就是靠PC这个产业发展起来的 那么所以这个行业要 ...

二、本次变更信用评级机构的审议流程 根据《中华人民共和国证券法》《芯海科技（深圳）股份有限公司公开发行 可转换公司债券募集说明书》《芯海科技（深圳）股份有限公司章程》及相关法 律法规的规定，本次信用评级机构变更事项无需经"芯海转债"债券持有人会议 及公司董事会审议。该事项已履行公司内部审批程序。 三、 本次拟委托信用评级机构的基本信息 新任资信评级机构：东方金诚国际信用评估有限公司 | | | 芯海科技（深圳）股份有限公司 关于变更"芯海转债"信用评级机构的公告 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。 一、本次信用评级机构变更概况 根据中国证券监督管理委员会"证监许可〔2022〕494 号"《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》，同意 芯海科技（深圳）股份有限公司（以下简称"公司"）向不特定对象发行 410.00 万张可转换公司债券，每张面值为人民币 100 元，募集资金总额人民币 41,000.00 万元，期限自发行之日起六年，即 2022 年 7 月 21 日至 20 ...

证券代码：688595 证券简称：芯海科技 债券代码：118015 债券简称：芯海转债 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 第一次临时受托管理事务报告 （2024 年度） 债券受托管理人 （武汉东湖新技术开发区高新大道 446 号天风证券大厦 20 层） 二〇二四年六月 重要声明 本报告依据《公司债券发行与交易管理办法》（以下简称"《管理办法》"）、 《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受托管理 协议》（以下简称"《受托管理协议》"）、《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证券募集说明书》（以下简称"《募集说明书》"） 等相关公开信息披露文件以及发行人出具的相关说明和提供的相关资料等，由 本次债券受托管理人天风证券股份有限公司（以下简称"天风证券"）编制。天 风证券对本报告中所包含的从上述文件中引述内容和信息未进行独立验证，也 不就该等引述内容和信息的真实性、准确性和完整性做出任何保证或承担任何 责任。 本报告不构成对投资者进行或不进行某项行为的推荐意见，投资者应对相 关事宜做出独立判断，而不应将本报告中的内容据以作为天风证券所作的承诺 ...

中证鹏元资信评估股份有限公司 中证鹏元公告【2024】264 号 中证鹏元关于终止"2022 年芯海科技（深圳）股份有限公司 向不特定对象发行可转换公司债券"信用评级的公告 芯海科技（深圳）股份有限公司（以下简称"公司"，股票代码： 688595.SH）于 2022 年 7 月 21 日发行了"2022 年芯海科技（深圳） 股份有限公司向不特定对象发行可转换公司债券"（以下简称"芯海 转债"或"本期债券"），期限为 6 年。 中证鹏元资信评估股份有限公司（以下简称"中证鹏元"）于 2023 年 5 月 30 日对公司及本期债券进行了定期跟踪评级，评级结果 为：公司主体信用等级为 A+，评级展望为稳定，本期债券信用等级 为 A+。 公司于 2024 年 5 月 27 日向中证鹏元发函，决定不再委托中证鹏 元开展"芯海转债"的定期跟踪、不定期跟踪等评级服务，不再向中 证鹏元提供"芯海转债"的评级资料。根据相关法规规定及中证鹏元 评级业务相关制度，经中证鹏元证券评级评审委员会审议，决定终止 对公司主体及本期债券的跟踪评级，原评级有效期截至 2024 年 5 月 30 日止，上述评级将不再更新。 特此公告。 二〇二四 ...

Group 1: Market Outlook and Performance - The MCU market is expected to see growth in 2024, particularly in communications and computing sectors, with a favorable market situation and recovery in consumer electronics [2][3] - The company's Q1 2024 revenue reached CNY 1.51 billion, a year-on-year increase of 145.42% and a quarter-on-quarter growth of 1.51% [2][3] - The demand for traditional MCU products and AIOT-related products is steadily recovering, contributing to the historical revenue high in Q1 2024 [3] Group 2: Product Development and Innovations - New products in communication, computing, and industrial measurement are beginning to ramp up, with significant shipments of BMS and EC series chips [3][4] - The EC chip has passed Intel's PCL certification, indicating it meets international standards and can enter the traditional computing ecosystem [4] - The company plans to continue investing in key strategic areas such as BMS, sensors, and automotive electronics to enhance its industry position [3] Group 3: Financial Metrics and Profitability - The overall gross margin for Q1 2024 was 34.18%, an increase of 5.32 percentage points year-on-year and 6.58 percentage points quarter-on-quarter [3] - The rise in gross margin is primarily driven by higher-priced new products like EC, PD, and BMS, alongside cost optimization in traditional business [3] Group 4: Future Strategies and Investments - The company will maintain stable R&D investments in 2024, focusing on traditional business recovery and new product launches [3] - The company has established connections with major domestic laptop manufacturers and aims to enhance user experience through continued investment in PC-related products [4]

Group 1: Financial Performance - In Q1 2024, the company achieved a record revenue of 1.51 billion CNY, representing a year-on-year increase of 145.42% and a quarter-on-quarter growth of 1.51% [2] - The overall gross margin for Q1 2024 was 34.18%, an increase of 5.32 percentage points year-on-year and 6.58 percentage points quarter-on-quarter [3] Group 2: Product Development and Market Trends - The company has seen significant growth in new products, particularly in the fields of communication, computing, and industrial measurement, with large-scale shipments starting in Q1 2024 [2] - The demand for consumer electronics has rebounded, and the inventory levels in the industry have decreased significantly compared to the same period in 2023 [3] Group 3: Strategic Focus Areas - The company plans to continue investing in key strategic areas such as BMS, sensor conditioning, PC, and automotive electronics to enhance its industry position and drive long-term growth [3] - The first-generation EC chips have achieved large-scale production in leading computer clients, and the second-generation EC chips have passed Intel PCL certification [4] Group 4: AI and Market Opportunities - The widespread application of AI technology is driving growth opportunities in data centers, autonomous driving, humanoid robots, and AI PCs, necessitating high-performance processor chips and advanced power management systems [4] - The company is innovating to meet the challenges posed by the rapid development of AI technology and the increasing demand for computational power [4]

Summary of the Conference Call for Xinghai Technology Company Overview - Xinghai Technology has a history of 21 years and focuses on high-tech sectors including sensors, analog-to-digital converters, microcontrollers, wireless technology, and power management, aiming to provide comprehensive signal chain solutions [2][3][12]. Key Financial Highlights - In Q1 2024, Xinghai Technology reported revenue of 151 million RMB, a year-on-year increase of over 145%, marking a return to profitability [4][15]. - The gross profit margin significantly improved, with R&D investment increasing by 20.56% [4][15]. - The company aims for a gross profit margin of 40% for the year, indicating a positive outlook for profitability [8][15]. R&D and Product Development - R&D investment accounted for over 40% of revenue in Q1 2024, reflecting the company's commitment to innovation [2][3]. - New product launches in Battery Management Systems (BMS) and PC sectors contributed to revenue growth, alongside a recovery in consumer electronics demand [4][15]. - The company has over 1,000 patent applications, showcasing its strong focus on R&D [12]. Market Trends and Industry Dynamics - The semiconductor industry is experiencing rapid growth, particularly in the PC sector, which is driving market demand [6][9]. - New chips like ECPD and BMS chips are expected to increase production, enhancing the value of PCs and attracting consumers [6][9]. - Supply chain constraints have led to rising storage prices, prompting the company to implement cost control measures [6][9][18]. Strategic Focus and Future Outlook - Xinghai Technology is shifting its market focus from consumer electronics to industrial and automotive sectors, with significant growth in products like USB chips and BMS [16][15]. - The company is optimistic about maintaining double-digit growth in Q2 2024, driven by strong visibility from major clients and traditional business demand [8][18]. - The management emphasizes the importance of cost control and optimizing product structure to enhance gross margins [8][18]. Competitive Landscape - The company aims to capture over 50% of the domestic market share for EC products, leveraging domestic substitution and performance cost advantages [19]. - In the international arena, competitors include Taiwanese and American firms, but the company currently sees no domestic competition [20]. Challenges and Risks - The tightening of wafer production capacity and rising storage prices are potential risks that the company is monitoring closely [18][20]. - The company is also addressing inventory management and potential impairment risks due to increased stock levels from production adjustments [18][19]. Conclusion - Xinghai Technology demonstrates strong growth momentum, driven by successful new product development and strategic market expansion. The company is well-positioned to navigate industry challenges while focusing on innovation and cost management to enhance profitability [4][6][15].

Investment Rating - The report maintains a "Buy" rating for the company [10][29]. Core Insights - The company achieved a revenue of 151 million yuan in Q1 2024, representing a year-on-year growth of 145.42% and a quarter-on-quarter increase of 1.51% [2][3]. - The net profit attributable to the parent company was a loss of 35.43 million yuan, which is a reduction in loss by 13.53 million yuan compared to the same period last year [2]. - The company is experiencing a positive growth trend, with Q1 revenue reaching a five-year high for the same period [3]. Financial Performance - In Q1 2024, the company's gross margin was 34.18%, an increase of 5.32 percentage points year-on-year, attributed to improved inventory structure and accelerated destocking [4]. - The company expects continued improvement in gross margin as high-value new products are scaled up for production [4]. - Revenue projections for 2024-2026 are estimated at 686 million, 966 million, and 1.31 billion yuan respectively, with net profits expected to turn positive by 2026 [7][29]. Market Position and Trends - The company is positioned as a leading signal chain chip design enterprise in China, benefiting from the domestic smart hardware market and increasing demand for localization in chip production [29]. - The integration trend of MCU and analog chips is becoming more pronounced, driven by the rapid development of high-end consumer electronics and smart devices [6][29]. - The company has successfully introduced 225 HarmonyOS IoT projects and completed the integration of 83 SKUs, indicating strong growth in the Harmony ecosystem [1].

Revenue Growth - In Q1 2024, the company achieved a revenue of 1.51 billion CNY, representing a year-on-year increase of 145.42% and a quarter-on-quarter growth of 1.51% [2][3] - The increase in revenue is attributed to the successful transformation of the business since its listing, with new products in communication, computing, and industrial measurement gradually ramping up production [2][3] - Significant sales were recorded in the BMS sector, with new products such as EC and PD series chips seeing a revenue increase of approximately 170% year-on-year [2][3] Gross Margin Improvement - The overall gross margin for Q1 2024 was 34.18%, reflecting a year-on-year increase of 5.32 percentage points and a quarter-on-quarter increase of 6.58 percentage points [3] - The improvement in gross margin is primarily driven by higher-priced new products like EC, PD, and BMS, alongside cost optimization in traditional business areas [3] Market Trends and Product Demand - The demand for PD fast-charging protocol chips has surged due to the popularity of fast-charging features in lithium battery products, contributing positively to revenue [3] - The company is focusing on strategic areas such as BMS, sensor conditioning, PC, and automotive electronics to enhance its industry position and ensure long-term growth [3] AI and Future Opportunities - The rapid development of AI technology is expected to create significant growth opportunities in data centers, autonomous driving, humanoid robots, and AI PCs, necessitating high-performance processors and precise sensors [4] - The company is innovating to meet the challenges posed by increased computational power demands and energy consumption issues associated with AI advancements [4] Product Development and Partnerships - The company has launched the AI PC MagicBook Pro 16, which features its high-performance EC chips, and is actively collaborating with major domestic laptop manufacturers [4] - Future iterations of the HarmonyOS will focus on integrating hardware and software solutions to meet the customized needs of IoT clients [5]

Financial Performance - In Q1 2024, the company's revenue reached CNY 151,325,096.99, representing a year-on-year increase of 145.42%[5] - The net loss attributable to shareholders was CNY -35,428,358.02, a reduction in loss of CNY 13,526,500 compared to the same period last year[6] - The net profit after deducting non-recurring gains and losses was CNY -38,330,991.85, a decrease in loss of CNY 19,482,200 year-on-year[5] - The basic and diluted earnings per share were both CNY -0.25, an improvement compared to the previous year due to reduced losses[7] - Total operating revenue for Q1 2024 reached ¥151,325,096.99, a significant increase from ¥61,659,280.95 in Q1 2023, representing a growth of approximately 144.5%[21] - The net loss for Q1 2024 was ¥35,280,460.95, an improvement from a net loss of ¥48,929,970.33 in Q1 2023, reflecting a reduction in losses of approximately 28%[23] - Basic and diluted earnings per share for Q1 2024 were both -0.25 RMB, an improvement from -0.34 RMB in Q1 2023[24] Research and Development - R&D expenses totaled CNY 61,871,670.91, accounting for 40.89% of revenue, a decrease of 41.66 percentage points year-on-year due to significant revenue growth[6] - Research and development expenses for Q1 2024 amounted to ¥61,871,670.91, up from ¥50,899,379.15 in Q1 2023, marking an increase of about 21.6%[21] - The company plans to continue investing in R&D in industrial, computing, and automotive electronics sectors to support future growth[7] Assets and Liabilities - The total assets at the end of the reporting period were CNY 1,403,848,516.48, a decrease of 3.32% from the end of the previous year[6] - Total current assets decreased to ¥941,160,758.27 from ¥988,126,262.48, a decline of about 4.7%[17] - The total assets as of Q1 2024 were ¥1,403,848,516.48, slightly down from ¥1,452,109,488.88 at the end of Q1 2023[19] - Total liabilities for Q1 2024 were ¥546,006,560.18, compared to ¥536,187,334.93 in Q1 2023, showing an increase of approximately 1.5%[19] Cash Flow - As of March 31, 2024, the company's cash and cash equivalents amounted to ¥421,333,864.79, a decrease from ¥550,755,352.85 as of December 31, 2023, representing a decline of approximately 23.5%[17] - The company's cash and cash equivalents decreased from ¥915,922,153.95 in Q1 2023 to ¥857,841,956.30 in Q1 2024, a decline of about 6.3%[19] - Cash inflow from operating activities in Q1 2024 was 155,994,257.37 RMB, compared to 107,650,387.52 RMB in Q1 2023, representing an increase of approximately 44.9%[24] - Net cash outflow from operating activities was -42,275,128.82 RMB, slightly improved from -47,338,653.33 RMB in the same period last year[24] - Cash inflow from investment activities totaled 94,226,530.78 RMB, while cash outflow was 42,416,525.89 RMB, resulting in a net cash outflow of -42,416,525.89 RMB, a decrease from a net inflow of 78,308,415.47 RMB in Q1 2023[25] - The company reported a net cash outflow from financing activities of -43,919,797.03 RMB, compared to -4,932,344.30 RMB in Q1 2023[25] Inventory and Receivables - Accounts receivable increased to ¥163,665,213.43 from ¥150,552,186.62, reflecting a growth of about 8.0%[17] - Inventory rose significantly to ¥233,742,651.32, compared to ¥190,139,310.10, indicating an increase of approximately 23.0%[17] Shareholder Information - The company reported a total of 39,854,510 shares held by Lu Guojian, representing a significant ownership stake[15] - The top ten shareholders include major investment firms, with the largest being Yancheng Xinlian Zhihuo Consulting Partnership holding 20,303,043 shares[15] Market and Future Outlook - The company has not disclosed any significant new product developments or technological advancements during the reporting period[16] - There are no indications of market expansion or mergers and acquisitions reported in the current quarter[16] - The company has not provided specific future guidance or performance outlook for the upcoming quarters[16] - The management team remains focused on improving cash flow and operational efficiency in the upcoming quarters[24]