公司点评报告 · 电子行业 主要财务指标预测 业绩高增长，看好 BES2800 新品放量 2024 年 08 月 27 日 核心观点 ⚫ 事件 公司披露 2024 年半年度业绩，公司 24H1 实现收入 15.31 亿元，同比 +68.26%，实现归母净利润 1.48 亿元，同比+199.76%，实现扣非归母 1.12 亿 元，同比+1,872.87%；单季度收入创历史新高，24Q2 实现收入 8.78 亿元，同 比+66.80%，环比+34.45%，实现归母净利润 1.20 亿元，同比+140.00%，环比 +334.87%。 ⚫ 毛利率企稳回升，规模效应持续显现。公司毛利率 24Q2 以及费用基本保持 稳定公司，24Q2 实现毛利率 33.39%，同比-1.30pct，环比+0.46pct，毛利率 整体实现企稳回升。公司费用率持续优化，24H1 研发费用投入 3.22 亿元，研 发费用增长 0.86 亿元，主要系研发人员增长以及股份支付费用，研发费用率 为 21.01%，同比-4.83pct，公司规模效应持续显现。截止 2Q24 末公司存货 6.83 亿元，较上季度末增加 0.39 亿元，主要系公司提前为 ...

证券研究报告 恒玄科技 (688608 CH) 可穿戴需求旺盛，BES2800 量产上市 投资评级(维持): 增持 目标价(人民币): 180.40 华泰研究 2024年8月27日│中国内地 中报点评 半导体 风险提示：下游需求转弱，市场竞争加剧，核心技术人员离职，股东减持。 研究员 谢春生 SAC No. S0570519080006 SFC No. BQZ938 xiechunsheng@htsc.com +(86) 21 2987 2036 2Q24：单季度收入创历史新高，规模效应逐步显现 2Q24 公司实现营收 8.78 亿元（yoy：+66.80%，qoq：+34.45%），归母净 利润 1.20 亿元（yoy：+140.00%，qoq：+334.87%），扣非归母净利润 1.03 亿元（yoy：+237.50%，qoq：+1028.36%）。1H24 智能可穿戴和智能家居 市场需求持续增长，公司在智能手表/手环类市场份额快速提升，同时新一 代可穿戴芯片 BES2800 实现量产出货，驱动公司 2Q24 营收实现同环比增 长。2Q24公司毛利率以及费用基本保持稳定，2Q24毛利率环比提升0.46pc ...

Investment Rating - Buy (Maintained) [6] Core Views - The company's 24H1 performance exceeded expectations, driven by strong revenue growth and improved profitability [2] - Revenue reached a record high of 1.531 billion yuan in 24H1, a year-on-year increase of 68%, with Q2 revenue at 878 million yuan, up 67% YoY and 34% QoQ [2] - Net profit attributable to the parent company surged to 148 million yuan in 24H1, a YoY increase of 199.76%, with Q2 net profit at 120 million yuan, up 140% YoY and 335% QoQ [2] - Gross margin stabilized at 33.19% in 24H1, while net margin improved to 9.64%, up 3.96 percentage points QoQ [2] - The company is actively expanding into innovative fields such as AR glasses, with significant investments in R&D for new products like the BES2800 chip [4] Industry Overview - The domestic wearable market experienced rapid growth in 24H1, with domestic recovery significantly stronger than the global market [3] - Global wearable device shipments reached 110 million units in 24Q1, up 8.8% YoY, while domestic shipments were 33.67 million units, up 36.2% YoY [4] - Domestic smartwatch shipments in 24Q1 were 9.1 million units, up 54.1% YoY, with adult smartwatches accounting for 5.05 million units, up 62.8% YoY [4] - The domestic smart band market saw shipments of 3.7 million units in 24Q1, up 29.6% YoY, while the open-ear headphone market grew rapidly, with shipments of 11.84 million units in 24H1, up 303.6% YoY [4] Financial Performance and Forecast - Revenue is expected to grow from 2.176 billion yuan in 2023 to 5.1 billion yuan in 2026, with a CAGR of 23% [8] - Net profit attributable to the parent company is forecasted to increase from 124 million yuan in 2023 to 790 million yuan in 2026, with a CAGR of 40% [8] - EPS is projected to rise from 1.03 yuan in 2023 to 6.58 yuan in 2026 [8] - The company's P/E ratio is expected to decline from 148.1x in 2023 to 23.2x in 2026, reflecting strong earnings growth [8] Product and Technology Development - The company has launched new products such as the BES2700iBP and BES2700iMP chips, which have achieved full coverage in smartwatches, sports watches, and bands [2] - The BES2800 chip, expected to ramp up in 24H2, is being integrated into multiple customer projects, including headphones, smartwatches, and smart glasses [4] - The company is investing in R&D for AR glasses, with a total planned investment of 150 million yuan, focusing on low-power display technology, image sensing, and wireless transmission [4]

证券代码：688608 证券简称：恒玄科技 公告编号：2024-045 恒玄科技（上海）股份有限公司 2024 年半年度募集资金存放与使用情况的专项报告 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。 | 项目名称 | 金额（元） | | --- | --- | | 募集资金总额 | 4,862,100,000.00 | | 减：以前年度使用募集资金余额 | 4,098,284,035.73 | | 2023 年 12 月 31 日募集资金专户余额 | 763,815,964.27 | | 加：2024 年半年度专户利息收入 | 2,545,128.69 | | 2024 年半年度专户理财收益 | 20,109,143.02 | | 理财产品到期赎回 | 2,954,000,000.00 | | 减：购买理财产品（注 1） | 2,918,000,000.00 | | 转至回购证券专户的募集资金（注 2） | 33,000,000.00 | 截至 2024 年 6 月 30 日止，本公司 2024 年半年度募集资金使用情况 ...

Financial Performance - Revenue for the first half of 2024 reached RMB 1.53 billion, a year-on-year increase of 68.26%[17] - Net profit attributable to shareholders of the listed company was RMB 147.64 million, up 199.76% year-on-year[17] - Net profit after deducting non-recurring gains and losses was RMB 112.10 million, a significant increase of 1,872.87% year-on-year[17] - Operating cash flow was RMB 114.93 million, a decrease of 36.70% compared to the same period last year[17] - Gross profit margin in Q2 2024 was 33.39%, showing a sequential improvement[19] - R&D investment accounted for 21.01% of revenue, a decrease of 4.83 percentage points year-on-year[19] - Revenue for the first half of 2024 reached RMB 1.531 billion, a year-on-year increase of 68.26%[56] - Net profit attributable to shareholders was RMB 148 million, up 199.76% year-on-year[56] - Revenue increased by 68.26% to RMB 1,531,397,900.65 compared to the same period last year[76] - Operating costs rose by 73.23% to RMB 1,023,077,672.48 due to increased revenue[76] - Sales expenses surged by 117.89% to RMB 15,060,146.63[76] - R&D expenses grew by 36.76% to RMB 321,689,206.93 as the company increased its investment in R&D[76] - Net cash flow from operating activities decreased by 36.70% to RMB 114,926,134.80[76] - Net cash flow from investing activities increased by 43.49% to RMB 334,291,019.05[76] - Total revenue for the first half of 2024 reached RMB 1,531,397,900.65, a significant increase from RMB 910,113,280.80 in the same period of 2023[126] - Net profit for the first half of 2024 was RMB 147,640,191.41, compared to RMB 49,253,384.68 in the first half of 2023[127] - R&D expenses increased to RMB 321,689,206.93 in the first half of 2024, up from RMB 235,216,139.44 in the same period of 2023[127] - Total liabilities as of the end of the first half of 2024 amounted to RMB 607,223,220.58, compared to RMB 491,210,114.79 in the same period of 2023[125] - Total equity attributable to shareholders increased to RMB 6,355,427,402.23 in the first half of 2024, up from RMB 6,166,863,587.22 in the first half of 2023[125] - Basic earnings per share (EPS) for the first half of 2024 was RMB 1.2299, compared to RMB 0.4104 in the same period of 2023[128] - Operating profit for the first half of 2024 was RMB 148,075,022.42, a significant increase from RMB 51,100,254.97 in the first half of 2023[127] - Total comprehensive income for the first half of 2024 was RMB 147,911,446.40, compared to RMB 50,599,235.39 in the same period of 2023[128] - Interest income for the first half of 2024 was RMB 26,132,820.14, up from RMB 11,847,431.76 in the first half of 2023[127] - Total assets as of the end of the first half of 2024 amounted to RMB 6,962,650,622.81, compared to RMB 6,658,073,702.01 in the same period of 2023[125] - Net profit for the first half of 2024 reached 207,720,134.39 RMB, a significant increase compared to 70,863,118.18 RMB in the same period last year[131] - Operating cash flow for the first half of 2024 was 114,926,134.80 RMB, a decrease from 181,563,199.16 RMB in the same period last year[132] - Investment cash flow for the first half of 2024 was 334,291,019.05 RMB, up from 232,976,897.80 RMB in the same period last year[134] - Cash and cash equivalents at the end of the first half of 2024 totaled 2,958,507,377.58 RMB, an increase from 2,173,255,512.27 RMB at the end of the same period last year[134] - Revenue from sales of goods and services in the first half of 2024 was 1,540,280,712.04 RMB, up from 844,755,952.24 RMB in the same period last year[132] - Investment income for the first half of 2024 was 32,986,447.98 RMB, down from 39,655,167.67 RMB in the same period last year[131] - Asset impairment losses for the first half of 2024 were 24,953,661.42 RMB, a decrease from 43,691,264.44 RMB in the same period last year[131] - Cash received from tax refunds in the first half of 2024 was 54,238,602.68 RMB, up from 19,869,599.85 RMB in the same period last year[132] - Cash paid for employee salaries and benefits in the first half of 2024 was 231,456,051.30 RMB, up from 189,430,159.30 RMB in the same period last year[132] - Cash paid for the purchase of fixed assets, intangible assets, and other long-term assets in the first half of 2024 was 34,695,428.93 RMB, down from 127,778,269.87 RMB in the same period last year[134] - Operating cash flow increased to 223.6 million yuan, up 32.4% year-over-year[136] - Investment cash inflow reached 4.53 billion yuan, with a net investment cash flow of 260.96 million yuan[136] - Net cash flow from financing activities was negative 31.86 million yuan, improving from negative 102.3 million yuan in the previous period[136] - Total cash and cash equivalents increased by 458.04 million yuan to reach 2.81 billion yuan at the end of the period[136] - Owner's equity increased by 128.76 million yuan to 6.23 billion yuan, driven by comprehensive income growth[137][141] - Comprehensive income for the period totaled 147.91 million yuan, contributing significantly to owner's equity growth[138] - Capital reserve increased by 32.46 million yuan, primarily from equity incentive plans[138] - Undistributed profits grew by 128.57 million yuan, reflecting strong profitability[137] - Total assets increased by 263.76 million yuan compared to the beginning of the period[141] - The company maintained a stable capital structure with 120.05 million yuan in share capital[141] - The company's total comprehensive income for the first half of 2024 was RMB 207,720,134.39[147] - The company's total owner's equity at the end of the first half of 2024 was RMB 6,355,427,402.23[148] - The company's capital reserve increased by RMB 32,459,474.73 during the first half of 2024[147] - The company's undistributed profit increased by RMB 188,652,294.39 during the first half of 2024[147] - The company's total owner's equity at the beginning of 2024 was RMB 6,166,863,587.22[147] - The company's total owner's equity at the end of the first half of 2024 was RMB 6,024,263,864.16[146] - The company's total comprehensive income for the first half of 2024 was RMB 50,599,235.39[143] - The company's total owner's equity at the end of the first half of 2024 was RMB 5,962,764,278.87[143] - The company's capital reserve increased by RMB 10,900,349.90 during the first half of 2024[143] - The company's undistributed profit increased by RMB 61,499,585.29 during the first half of 2024[143] - Total owner's equity increased by 81.76 million yuan, reaching 6.07 billion yuan at the end of the period, with a comprehensive income contribution of 70.86 million yuan[149][150] - Capital reserve increased by 10.90 million yuan due to owner's capital injection and share-based payments[149][150] - The company's total issued shares reached 120,045,559, with a registered capital of 120 million yuan[151] - The company completed the registration and listing of 10,851 shares from the restricted stock incentive plan, increasing the total shares from 120,034,708 to 120,045,559[151] - The company's initial public offering raised a net amount of 4.76 billion yuan, with 30 million yuan added to share capital and 4.73 billion yuan to capital reserve[151] Technology and Innovation - The company operates as a Fabless model, focusing on IC design and outsourcing manufacturing, packaging, and testing to specialized manufacturers[7] - The report highlights the integration of AI and IoT technologies, referred to as AIoT, which enhances data processing and functionality across various applications[7] - The company is involved in the development of Wi-Fi 6 technology, supporting communication with up to 8 devices at speeds up to 9.6 Gbps[7] - The report mentions the use of Bluetooth Low Energy (BLE) technology, which is designed for applications in healthcare, fitness, security, and home entertainment, offering reduced power consumption and cost[7] - The company's 2.5D GPU technology enhances image rendering with a sense of depth, improving visual performance in devices like PCs, workstations, and mobile devices[9] - DDR (Double Data Rate) memory offers double the data transfer speed compared to traditional SDRAM, significantly boosting system performance[9] - The company's BECO PPG technology utilizes infrared light to detect changes in blood volume, enabling non-invasive heart rate monitoring[9] - TWT (Target Wake Time) technology reduces power consumption by allowing devices to enter sleep mode when not transmitting data, waking only when necessary[9] - NPU (Neural-network Processing Units) excels in handling massive multimedia data, particularly in video and image processing, leveraging a data-driven parallel computing architecture[9] - IBRT (Intelligent Bluetooth Retransmission Technology) ensures stable and synchronized audio transmission between earbuds while minimizing data exchange between them[10] - The company's IP (Intellectual Property) includes verified, reusable IC modules with specific functionalities, enhancing design efficiency[10] - Smart headphones integrate AI neural network algorithms for voice wake-up, recognition, and interaction, enabling hands-free smartphone control[10] - Smart home devices leverage internet and smart control technologies to automate and integrate home facilities, improving household management efficiency[10] - Wearable devices combine hardware and software to enable powerful functionalities through data and cloud interactions, enhancing user experience[10] - The company's SoC chips integrate multiple functional modules, including CPU, DSP, NPU, and wireless connectivity, addressing the demand for high performance and low power consumption[28] - The company has developed a new ultra-low-power wearable chip, BES2700iMP, which significantly reduces dynamic and static power consumption, extending standby time for smartwatches, rings, and anti-lost tags[39] - The company's latest BES2800 chip integrates Wi-Fi6 on a 6nm FinFET process, achieving ultra-low-power wireless connectivity with features like TWT and self-developed wake-up switching to reduce power consumption[41] - The company's new generation chips support the SparkLink Alliance protocol, enabling microsecond-level ultra-low latency and higher wireless transmission rates up to 8Mbps for faster HD audio transmission[40] - The company has developed a complete smartwatch software solution, supporting local music multi-format codec, various call modes, and BLE heart rate and blood oxygen sensor transmission protocols[34] - The company has advanced adaptive ANC algorithms and adaptive equalization technology, improving audio quality and noise cancellation in TWS headphones[35] - The company integrates high-precision capacitive sensors and health monitoring front-ends in TWS earbuds, supporting gesture controls and optical-based heart rate and blood oxygen monitoring[36] - The company's second-generation Wi-Fi SoC chip, BES2600, integrates DSI and CSI interfaces, DDR controller, and PHY technology, supporting HarmonyOS and evolving towards high-speed, high-bandwidth, and high-computing power platforms[38] - The company's SoC chips integrate RF, audio, power management, multi-core processors, Bluetooth baseband, and rich interfaces, further reducing power consumption with self-developed Bluetooth RF transceiver systems[37] - The company developed a 3Mic-based neural network combined with signal processing for call noise reduction, enhancing call quality and balancing power consumption and performance[43] - The company's adaptive ANC technology improved, providing better noise reduction in various environments without user configuration[43] - The company filed 23 new invention patents and obtained 21, with a cumulative total of 511 invention patent applications and 216 granted[44] - R&D expenses increased by 36.76% YoY to 321.69 million yuan, with R&D investment accounting for 21.01% of revenue, a decrease of 4.83 percentage points[45] - R&D personnel increased by 60 to 571, with R&D expenses growing by 86.47 million yuan, a 36.76% YoY increase[47] - The company invested 32.17 million yuan in ongoing R&D projects, with a cumulative investment of 70.24 million yuan across six projects[48] - R&D personnel accounted for 85.74% of the total workforce, with an average salary of 30.11 thousand yuan, up from 28.29 thousand yuan YoY[49] - 60.25% of R&D personnel hold a master's degree, and 53.95% are under 30 years old[50] - The company maintains a leading position in TWS earphones and smartwatches, with advanced 12nm and 6nm process chips[51] - The new-generation wearable chip BES2800, based on 6nm FinFET process, has entered mass production and is being adopted by multiple clients[58] - The company's Wi-Fi6 connectivity chip has achieved mass production, integrating PA, LNA, and Switch with low power consumption and low latency advantages[52] - The company's smart wearable chips support BT/BLE dual-mode 5.4 protocol and StarLink alliance protocol, enabling microsecond-level ultra-low latency and 8Mbps wireless transmission rates[52] - The company has established R&D centers in multiple cities including Beijing, Shanghai, Shenzhen, Chengdu, Wuhan, Xi'an, and Hangzhou[59] Market and Industry Trends - The global semiconductor market is projected to reach 611.231 billion USD in 2024, a 16% year-over-year increase[27] - Global wearable device shipments reached 110 million units in Q1 2024, an 8.8% increase year-over-year[27] - China's wearable device market grew 36.2% year-over-year in Q1 2024, with smartwatch shipments increasing 54.1%[27] - China's Bluetooth headset market shipments reached 55.4 million units in H1 2024, a 20.8% year-over-year increase[27] - The company's market share in the smartwatch market continued to expand with new products and customers[19] - The company's revenue growth was driven by increased demand in the smart wearable and smart home sectors[19] - Smartwatch/wristband chip revenue accounted for approximately 28% of total revenue, a significant increase compared to the previous year[57] Risks and Challenges - The company faces risks from a relatively single product application, with a high proportion of chip sales revenue from earphone products[65] - There is a risk of supplier concentration, with a high proportion of procurement costs from a limited number of suppliers[66] - The company is exposed to exchange rate fluctuation risks due to its overseas sales and procurement activities[69] - The company's gross margin may fluctuate due to intense competition and rapid technological changes in the industry[71] Corporate Governance and Shareholder Information - The company's controlling shareholder committed to a 36-month lock-up period for shares post-IPO and additional restrictions on share transfers[91] - The controlling shareholder pledged not to sell shares below the IPO price within 2 years after the lock-up period ends[92] - The company's controlling shareholder, Tang Xiaodong, has committed to not transferring or entrusting others to manage the shares held before the IPO for 36 months after the company's stock is listed on the stock exchange[93] - Tang Xiaodong will not transfer shares held within 6 months after leaving the company[93] - If Tang Xiaodong reduces holdings within 2 years after the lock-up period expires, the reduction price will not be lower than the IPO price[93] - If the company's stock price is below the IPO price for 20 consecutive trading days within 6 months of listing, the lock-up period will be automatically extended by 6 months[93] - During Tang Xiaodong's tenure as a director, the annual transfer of shares will not exceed 25% of the total shares held at the end of the previous year[93] - The company's actual controllers, Liang Zhang, Zhao Guoguang, and Tang Xiaodong, will comply with Chinese laws and regulations regarding shareholding and reduction[95] - The company's shareholders, Ningbo Qianbifu, Ningbo Baibifu, and Ningbo Yibifu, will follow Chinese laws and regulations for shareholding and reduction[95] - Shareholders RUN YUAN I, RUN YUAN II, Beijing Jicheng, Yuanhe Puhua, and BICI will adhere to Chinese laws and regulations for shareholding and reduction[96] - The company has committed to repurchasing all newly issued shares within 5 working days if it is found to have fraudulently obtained registration for its IPO[97] - The controlling shareholders and actual controllers have pledged to ensure the company does not engage in fraudulent activities during its IPO and will repurchase shares if necessary[97] - The company's directors and senior management have committed to not using company assets for personal investments or

二、董事会会议审议情况 本次会议由董事长 Liang Zhang 先生主持，经与会董事表决，会议通过以下 议案： （一）审议通过《关于公司<2024 年半年度报告及其摘要>的议案》 公司严格按照各项法律、法规、规章等的要求规范运作，公司 2024 年半年 度报告的编制和审议程序符合法律法规、《公司章程》和公司内部管理制度的各 项规定，能够客观、真实地反映公司 2024 年半年度的经营情况。 证券代码：688608 证券简称：恒玄科技 公告编号：2024-043 恒玄科技（上海）股份有限公司 第二届董事会第十三次会议决议公告 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、董事会会议召开情况 恒玄科技（上海）股份有限公司（以下简称"公司"）第二届董事会第十三 次于 2024 年 8 月 26 日在公司会议室以现场结合通讯方式召开，本次会议通知及 相关材料已于 2024 年 8 月 16 日以电子邮件方式送达公司全体董事。本次会议应 出席董事 9 人，实际出席董事 9 人。本次会议由董事长 Liang Zhang 先生主持 ...

证券代码：688608 证券简称：恒玄科技 公告编号：2024-048 同日，公司召开第二届监事会第六次会议，审议通过了《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 年限制性股 票激励计划实施考核管理办法>的议案》《关于核实公司<2023 年限制性股票激 励计划首次授予激励对象名单>的议案》，公司监事会对本激励计划的相关事项 进行核实并出具了相关核查意见。 2、2023 年 8 月 2 日，公司于上海证券交易所网站（www.sse.com.cn）披露 了《关于独立董事公开征集委托投票权的公告》（公告编号：2023-028），根据 公司其他独立董事的委托，独立董事戴继雄作为征集人就公司 2023 年第一次临 时股东大会审议的公司 2023 年限制性股票激励计划相关议案向公司全体股东征 集投票权。 恒玄科技（上海）股份有限公司 关于作废部分 2023 年限制性股票激励计划 已授予但尚未归属的限制性股票的公告 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。 恒玄科技（上海）股份有限公 ...

证券代码：688608 证券简称：恒玄科技 公告编号： 2024-049 恒玄科技（上海）股份有限公司 关于召开 2024 年半年度业绩说明会的公告 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、准确性和完整性承担法律责任。 重要内容提示： https://roadshow.sseinfo.com/） 会议召开方式：上证路演中心网络互动 投资者可于 2024 年 9 月 4 日(星期三) 至 9 月 10 日(星期二)16:00 前登录上 证路演中心网站首页点击"提问预征集"栏目或通过公司邮箱 ir@bestechnic.com 进行提问。公司将在说明会上对投资者普遍关注的问题进行回答。 恒玄科技（上海）股份有限公司（以下简称"公司"）已于 2024 年 8 月 27 日发布公司 2024 年半年度报告，为便于广大投资者更全面深入地了解公司 2024 年上半年经营成果、财务状况，公司计划于 2024 年 09 月 11 日 下午 13:00-14:00 举行 2024 年半年度业绩说明会，就投资者关心的问题进行交流。 一、 说明会类型 本次投资者说明会以 ...

证券代码：688608 证券简称：恒玄科技 公告编号：2024-044 恒玄科技（上海）股份有限公司 第二届监事会第十三次会议决议公告 本公司监事会及全体监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、监事会会议召开情况 恒玄科技（上海）股份有限公司（以下简称"公司"）第二届监事会第十三 次会议通知已于 2024 年 8 月 16 日发出，会议于 2024 年 8 月 26 日在公司会议室 采用现场方式召开，应出席会议的监事 3 人，实际出席监事 3 人。本次会议由监 事会主席黄律拯女士主持。会议的召集与召开程序符合《中华人民共和国公司法》 和《恒玄科技（上海）股份有限公司章程》（以下简称"《公司章程》"）等相关规 定，表决形成的决议合法、有效。 （二）审议通过《关于公司<2024 年半年度募集资金存放与使用情况的专项 报告>的议案》 经核查，我们认为：公司 2024 年半年度募集资金存放和使用符合符合《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》《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 ...

法律意见书 上海市锦天城律师事务所关于 恒玄科技（上海）股份有限公司 2023 年限制性股票激励计划首次授予部分 第一个归属期符合归属条件及 部分已授予尚未归属的限制性股票作废事项 之 地址：上海市浦东新区银城中路 501 号上海中心大厦 11、12 楼 电话：021-20511000 传真：021-20511999 邮编：200120 上海市锦天城律师事务所 法律意见书 上海市锦天城律师事务所关于 恒玄科技（上海）股份有限公司 2023 年限制性股票激励计划首次授予部分第一个归属期符合归属条 件及部分已授予尚未归属的限制性股票作废事项之 法律意见书 致：恒玄科技（上海）股份有限公司 第一部分 引言 上海市锦天城律师事务所（以下简称"本所"或"我们"）接受恒玄科技（上 海）股份有限公司（以下简称"恒玄科技"或"公司"）的委托，指派王倩倩律 师和李贝玲律师作为公司 2023 年限制性股票激励计划（以下简称"本次激励计 划"或"本计划"）的特聘专项法律顾问，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》（以下简称"《证券法》"）、 中国证券监督管理委员会（以下简称"中国证监会" ...