证券代码：688596 证券简称：正帆科技 公告编号：2025-006 上海正帆科技股份有限公司 关于第二期员工持股计划非交易过户完成的公告 公司将根据第二期员工持股计划实施的进展情况，按照相关法律法规的规 定及时履行信息披露义务。敬请广大投资者注意投资风险。 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。 特此公告。 上海正帆科技股份有限公司（以下简称"公司"）于 2024 年 12 月 3 日和 2024 年 12 月 19 日分别召开了第四届董事会第七次会议及 2024 年第一次临时 股东大会，审议通过了《关于<公司第二期员工持股计划（草案）>及其摘要的 议案》《关于<公司第二期员工持股计划管理办法>的议案》等相关议案，具体 内容详见公司于 2024 年 12 月 4 日、2024 年 12 月 20 日在上海证券交易所网站 （www.sse.com.cn）披露的相关公告。 上海正帆科技股份有限公司董事会 根据《关于上市公司实施员工持股计划试点的指导意见》及《上海证券交 易所科创板上市公司自律监管指引第 1 号——规 ...

Financial Performance - The company achieved total operating revenue of RMB 546,933.77 million in 2024, representing a year-on-year growth of 42.63%[4] - The net profit attributable to shareholders of the parent company reached RMB 52,801.26 million, an increase of 31.56% compared to the previous year[4] - The net profit attributable to shareholders of the parent company after deducting non-recurring gains and losses was RMB 48,900.64 million, reflecting a growth of 44.04% year-on-year[4] - Basic earnings per share rose to RMB 1.88, a 27.89% increase from the previous year[5] Assets and Cash Flow - The company's total assets at the end of the reporting period amounted to RMB 934,140.96 million, up 15.82% from the previous year[7] - The net cash flow from operating activities exceeded RMB 37,000.00 million, showing a growth of over 220.24% year-on-year[8] - The company's equity attributable to shareholders of the parent company grew to RMB 346,687.34 million, reflecting a year-on-year increase of 15.49%[7] Revenue Composition - The semiconductor industry revenue grew by 88.41%, increasing its share from 38.46% to 50.80% of total revenue[9] - The proportion of non-equipment business (OPEX) revenue reached 31.21%, with new contracts accounting for 44.82%[9] - Accounts receivable increased by only 11.15% despite a 42.63% growth in operating revenue, indicating improved accounts receivable turnover[9]

证券代码：688596 证券简称：正帆科技 公告编号：2025-004 上海正帆科技股份有限公司 关于 2021 年股票期权激励计划首次授予的第三个行 权期、预留授予的第二个行权期自主行权结果暨股份 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： 本次行权数量： 上海正帆科技股份有限公司（ 以下简称"公司"）2021 年股票期权激 励计划首次授予的第三个行权期可行权数量为 6,130,200 份，行权期为 2024 年 5 月 24 日至 2025 年 3 月 1 日（行权日须为交易日）；预留授予的第二个 行权期可行权数量为 435,000 份，行权期为 2024 年 5 月 24 日-2025 年 2 月 24 日（行权日须为交易日）。截至 2025 年 2 月 20 日，2021 年股票期权激 励计划首次授予的第三个行权期、预留授予的第二个行权期累计行权并完成 股份过户登记数量为 6,565,200 股，占本次可行权总量的 100%。 本次行权股票上市流通时间： 公司本次行权采用自主行权模式， ...

Investment Rating - The report maintains a "Buy" rating for the company, indicating an expected relative return of over 20% within the next six months [7][18]. Core Views - The company is expected to achieve a revenue of between 500 million to 550 million yuan in 2024, representing a year-on-year growth of 30% to 43%. The projected net profit attributable to shareholders is estimated to be between 52.2 million to 56.3 million yuan, also reflecting a growth of 30% to 40% [1][2]. - The significant increase in revenue and profit is attributed to the transformation of the business structure, with a notable rise in non-equipment-related business income [2]. - The company plans to issue convertible bonds to raise up to 1.04 billion yuan, focusing on expanding its OPEX business, which includes electronic gases and precursor materials [3]. Financial Performance Summary - For 2024, the company anticipates a revenue of approximately 5.82 billion yuan, with a growth rate of 51.55%. The net profit attributable to shareholders is projected at 561.87 million yuan, marking a growth rate of 40% [6]. - The operating cash flow is expected to significantly increase, with a net cash flow from operating activities projected between 370 million to 420 million yuan, a staggering growth of 242% compared to the previous year [2]. - The company’s EBITDA for 2024 is estimated at 659.68 million yuan, with a corresponding growth rate of 40% [6]. Investment Projections - The profit forecasts for the company have been revised upwards for 2024, 2025, and 2026, with expected net profits of 562 million, 769 million, and 1.071 billion yuan respectively [5]. - The report highlights a strong growth trajectory, with the company’s revenue and profit expected to continue increasing in the coming years, supported by ongoing projects and operational efficiencies [5][6].

Revenue Projections - The company expects 2024 revenue to be between 500 million and 550 million CNY, representing a year-on-year growth of 30% to 43%[3]. - In 2023, the company's revenue was 383.474 million CNY, with a net profit of 40.134 million CNY[5]. - The increase in revenue is driven by a continuous rise in both equipment and non-equipment business segments within the semiconductor industry[6]. Profit Projections - The projected net profit attributable to shareholders for 2024 is estimated to be between 52.2 million and 56.3 million CNY, reflecting a year-on-year increase of 30% to 40%[3]. - The net profit attributable to shareholders after deducting non-recurring gains and losses is expected to be between 47.5 million and 51 million CNY, indicating a year-on-year growth of 40% to 50%[3]. Cash Flow Projections - The net cash flow from operating activities for 2024 is projected to be between 37 million and 42 million CNY, showing a significant year-on-year increase of 220% to 264%[3]. - The substantial improvement in operating cash flow is attributed to enhanced operational management efficiency and a significant reduction in raw material inventory[6]. Forecast Disclaimer - The company emphasizes that the forecasted data is preliminary and subject to change, with final figures to be disclosed in the official 2024 annual report[7].

关于向不特定对象发行可转换公司债券申请获得上 海证券交易所上市审核委员会审核通过的公告 证券代码：688596 证券简称：正帆科技 公告编号：2025-002 上海正帆科技股份有限公司 上海证券交易所上市审核委员会于 2025 年 1 月 10 日召开 2025 年第 1 次审 议会议（以下简称"会议"），对上海正帆科技股份有限公司（以下简称"公 司"）向不特定对象发行可转换公司债券的申请进行了审议。根据会议审议结 果，公司本次向不特定对象发行可转换公司债券的申请符合发行条件、上市条 件和信息披露要求。 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。 上海正帆科技股份有限公司董事会 2025 年 1 月 11 日 公司本次向不特定对象发行可转换公司债券事项尚需获得中国证券监督管 理委员会作出同意注册的决定后方可实施。本次发行最终能否获得中国证券监 督管理委员会同意注册的决定及其时间尚存在不确定性。公司将根据上述事项 进展情况，按照相关法律法规规定和要求及时履行信息披露义务，敬请广大投 资者注意投资风险。 特此公告。 ...

证券代码：688596 证券简称：正帆科技 公告编号：2025-001 上海正帆科技股份有限公司 关于 2021 年度股票期权激励计划于 2024 年第四季度 自主行权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： 本次行权数量： 上海正帆科技股份有限公司（ 以下简称"公司"）2021 年股票期权激 励计划首次授予的第三个行权期可行权数量为 6,130,200 股，行权期为 2024 年 5 月 24 日至 2025 年 3 月 1 日（行权日须为交易日）。2024 年第四季度， 累计行权 1,083,506 股，占本次可行权总量的 17.67%，完成股份登记数量为 999,230 股，占本次可行权总量的 16.30%（行权数量与完成股份登记数量的 差异系 2024 年 9 月 30 日行权的 8,210 股于 2024 年 10 月 8 日完成股份登记， 2024 年 12 月 31 日行权的 92,486 股将于 2025 年 1 月 2 日完成股份登记）。 截至2024年12月31 ...

证券代码：688596 证券简称：正帆科技 公告编号：2024-075 上海正帆科技股份有限公司 2024 年第一次临时股东大会决议公告 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。 重要内容提示： 本次会议是否有被否决议案：无 一、 会议召开和出席情况 （一） 股东大会召开的时间：2024 年 12 月 19 日 二、 议案审议情况 （一） 非累积投票议案 1、 议案名称：关于<公司第二期员工持股计划（草案）>及其摘要的议案 审议结果：通过 （二） 股东大会召开的地点：上海市闵行区春永路 55 号正帆科技会议室 （三） 出席会议的普通股股东、特别表决权股东、恢复表决权的优先股股东及 其持有表决权数量的情况： | 1、出席会议的股东和代理人人数 | 114 | | --- | --- | | 普通股股东人数 | 114 | | 2、出席会议的股东所持有的表决权数量 | 62,694,978 | | 普通股股东所持有表决权数量 | 62,694,978 | | 3、出席会议的股东所持有表决权数量占公司表决权数量的比 | 22 ...

国浩律师（上海）事务所 关 于 上海正帆科技股份有限公司 2024 年第一次临时股东大会 之 法律意见书 上海市山西北路 99 号苏河湾中心 25-28 层 邮编：200041 25-28/F, Suhe Centre, No.99 North Shanxi Road, Shanghai 200041, China 电话/Tel: +86 21 5234 1668 传真/Fax: +86 21 5234 1670 网址/Website: http://www.grandall.com.cn 二零二四年十二月 国浩律师（上海）事务所 关于上海正帆科技股份有限公司 本所律师根据《证券法》第一百六十三条的要求，按照律师行业公认的业务 标准、道德规范和勤勉尽责精神，出具法律意见。 2024 年第一次临时股东大会之 法律意见书 致：上海正帆科技股份有限公司 上海正帆科技股份有限公司（以下简称"公司"）2024 年第一次临时股东大 会于 2024 年 12 月 19 日召开。国浩律师（上海）事务所（以下简称"本所"）经 公司聘请，委派律师出席现场会议，并根据《中华人民共和国公司法》（以下简 称"《公司法》"）、《中华人民 ...

Investment Rating - The report maintains a "Buy" rating for the company, with a target price of 37.51 yuan [5][6] Core Views - The company plans to acquire 30% of Hongge Semiconductor for 336 million yuan, increasing its direct stake from 60% to 90.5032% [1] - Hongge Semiconductor's net profit for January-November 2024 was 91.0859 million yuan, a year-on-year increase of 35.19% [1] - The company's valuation is 1.1004526 billion yuan, with a P/E ratio of approximately 12x [1] - The acquisition is based on the high recognition of Hongge Semiconductor's value and future development prospects, aligning with the company's overall development strategy [1] - The company has launched a second employee stock ownership plan, involving 6,104,603 shares, accounting for 2.11% of the total shares [2] - The company plans to issue convertible bonds to raise up to 1.04 billion yuan, with funds allocated to various projects including electronic materials and gas production [3] Financial Data and Valuation - Revenue is expected to grow from 2.70474 billion yuan in 2022 to 8.93544 billion yuan in 2026, with a CAGR of 47.26% [4] - Net profit attributable to the parent company is projected to increase from 258.68 million yuan in 2022 to 949.51 million yuan in 2026 [4] - The P/E ratio is expected to decrease from 41.93x in 2022 to 11.42x in 2026 [4] - The company's EBITDA is forecasted to grow from 494.98 million yuan in 2022 to 1.0715 billion yuan in 2026 [4] Industry and Market Position - The company operates in the machinery equipment/special equipment industry [5] - Hongge Semiconductor is engaged in the semiconductor equipment module and subsystem business, with high technical barriers and low domestic market penetration [1] - The company's projects are expected to enhance its market share and profitability, particularly in the electronic specialty gas sector [3] Employee Incentives - The employee stock ownership plan includes 70 participants, with a purchase price of 19.50 yuan per share [2] - The plan has a three-tier unlocking mechanism, with 40%, 35%, and 25% of shares unlocked after 12, 24, and 36 months, respectively [2] Capital Structure and Projects - The company plans to use 350 million yuan for the Tongling Zhengfan Phase II project, 400 million yuan for the Zhengfan Lishui special gas production project, and 117 million yuan for the Zhengfan Baitai biomedical equipment and materials R&D base [3] - The projects aim to strengthen the company's production capacity and provide high-purity gas services to high-end customers in the electronics and semiconductor industries [3]