证券代码：688702 证券简称：盛科通信 公告编号：2024-028 苏州盛科通信股份有限公司 关于首次公开发行部分限售股上市流通公告 数的 39.39%。其中，本次上市流通的首发战略配售股份数量为 2,453,117 股，占公 司总股本的 0.60%，对应限售股股东数量 1 名；本次上市流通的首发限售股份数量 为 159,038,666 股，占公司总股本的 38.79%，对应限售股股东数量 4 名。现上述限 售股限售期即将届满，将于 2024 年 9 月 18 日起上市流通（因 2024 年 9 月 14 日 为非交易日，故顺延至下一交易日）。 二、本次上市流通的限售股形成后至今公司股本数量变化情况 本次上市流通的限售股属于首次公开发行部分限售股及部分战略配售限售股， 自公司首次公开发行股票限售股形成至本公告披露日，公司未发生因利润分配、 公积金转增等导致股本数量变化的情况。 三、本次上市流通的限售股的有关承诺 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： 一、本次上市流通的限售股类型 根据中国证券监 ...

中国国际金融股份有限公司 关于苏州盛科通信股份有限公司 首次公开发行部分限售股上市流通的核查意见 中国国际金融股份有限公司（以下简称"中金公司"或"保荐机构"）作为苏州 盛科通信股份有限公司（以下简称"盛科通信"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《上海证券交易所科创板股票上市规则（2024 年 4 月修 订）》《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（2023 年 12 月修订）》等有关法律、行政法规、部门规章及业务规则的要求，对盛科通信首次 公开发行部分限售股上市流通事项进行了核查，具体情况如下： 一、本次上市流通的限售股类型 根据中国证券监督管理委员会（以下简称"中国证监会"）于 2023 年 7 月 13 日 出具的《关于同意苏州盛科通信股份有限公司首次公开发行股票注册的批复》（证监 许可〔2023〕1534 号），同意苏州盛科通信股份有限公司（以下简称"公司"）首次公 开发行股票的注册申请。公司获准向社会公开发行人民币普通股 5,000 万股，每股面 值人民币 1.00 元，并于 2023 年 9 月 14 日上市。公司首次公开发行股票后，总股本由 3 ...

[Table_Title] 评级：买入（维持） 市场价格：34.39 元 [Table_Finance 公司盈利预测及估值 1] 指标 2022A 2023A 2024E 2025E 2026E 营业收入（百万元） 768 1,037 1,339 1,853 2,271 增长率 yoy% 67% 35% 29% 38% 23% 净利润（百万元） -29 -20 -8 51 103 增长率 yoy% -751% 34% 57% 710% 102% 每股收益（元） -0.07 -0.05 -0.02 0.12 0.25 每股现金流量 -0.27 -0.64 -0.15 0.27 0.22 净资产收益率 -8% -1% 0% 2% 5% P/E -479.3 -721.9 -1693.0 277.4 137.1 PEG - -21.5 -29.5 0.4 1.3 P/B 38.9 6.0 6.2 6.3 6.2 备注：以 2024 年 9 月 2 日收盘价计算 [Table_Profit] 基本状况 总股本(百万股) 410 流通股本(百万股) 40 市价(元) 34.39 市值(百万元) 14,100 流通市值( ...

Investment Rating - The investment rating for the company is maintained at "Add" [1] Core Views - The company reported a revenue of 530 million yuan in the first half of 2024, a year-on-year decrease of 17%, with a net profit attributable to shareholders of -60 million yuan [2] - Revenue in Q2 2024 was 280 million yuan, down 20% year-on-year, but showed a sequential growth of 9.3% from Q1 2024 [2] - The gross margin improved to 37.5%, up 6.0 percentage points year-on-year, with Ethernet switch chips accounting for 80.6% of total revenue [2] - The company increased its R&D investment to 220 million yuan in the first half of 2024, a 73.9% increase year-on-year, with an R&D expense ratio of 42.1% [2] - The company is focusing on high-end chip development, with flagship chips achieving maximum port speeds of 800G and capacities of 12.8T and 25.6T [2] - Revenue forecasts for 2024-2026 have been adjusted to 1.17 billion, 1.5 billion, and 2.12 billion yuan respectively, with net profit forecasts adjusted to -60 million, 20 million, and 110 million yuan [2] Financial Summary - Total revenue for 2022 was 767.5 million yuan, with a year-on-year growth of 67.36% [1] - The company expects total revenue for 2023 to be 1.04 billion yuan, with a year-on-year growth of 35.17% [1] - The projected net profit for 2024 is -64.51 million yuan, reflecting a significant decline compared to previous years [1] - The latest diluted EPS for 2024 is projected at -0.16 yuan per share, with a P/S ratio of 12.4 for 2024 [1][4]

证券代码：688702 证券简称：盛科通信 苏州盛科通信股份有限公司 投资者关系活动记录表 编号：2024-002 | --- | --- | --- | |----------------------|----------------------------|---------------------------------| | | □ | 特定对象调研 □分析师会议 | | | □ 媒体采访 √业绩说明会 | | | 投资者关系活动类别 | □新闻发布会 □路演活动 | | | | □ 现场参观□电话会议 | | | | □ | 其他（请文字说明其他活动内容） | | | | | | 参与单位名称 | 通过线上方式参与 者 | 2024 年半年度业绩说明会的投资 | | 会议时间 | 2024 年 8 月 30 | 日（星期五）上午 10:00-11:00 | | | 上海证券交易所上证路演中心 | | | 会议地点 | （网址： | http://roadshow.sseinfo.com/ ） | | 上市公司接待人员姓名 | 董事长：吕宝利 | | | --- | --- | |---------- ...

公 司 研 究 电子/半导体 高端产品导入顺利，高强度研发夯实产业护城河 盛科通信（688702.SH） 2024 年 08 月 29 日 ——公司信息更新报告 投资评级：买入（维持） 蒋颖（分析师） jiangying@kysec.cn 证书编号：S0790523120003 | --- | --- | |-------------------------|-------------| | 日期 | 2024/8/28 | | 当前股价 ( 元 ) | 36.12 | | 一年最高最低 ( 元 ) | 72.00/27.04 | | 总市值 ( 亿元 ) | 148.09 | | 流通市值 ( 亿元 ) | 14.45 | | 总股本 ( 亿股 ) | 4.10 | | 流通股本 ( 亿股 ) | 0.40 | | 近 3 个月换手率 (%) | 319.19 | 股价走势图 -64% -48% -32% -16% 0% 16% 2023-08 2023-12 2024-04 2024-08 盛科通信 沪深300 数据来源：聚源 相关研究报告 《国内稀缺的以太网交换芯片龙头， 国产替代空间广—公司首次覆盖报 ...

证券代码：688702 证券简称：盛科通信 公告编号：2024-027 苏州盛科通信股份有限公司 关于 2024 年半年度计提资产减值准备的公告 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、本次计提减值准备的情况概述 苏州盛科通信股份有限公司（以下简称"公司"）根据《企业会计准则》及 相关会计政策的规定，为真实、公允地反映公司截至2024年6月30日的财务状况 及2024年半年度的经营情况，公司对合并范围内的相关资产进行了全面清查并基 于谨慎性原则，对存在减值迹象的相关资产计提了减值准备。经测算，公司2024 年半年度计提的各项减值准备合计为人民币3,394,189.35元。具体内容如下： 二、计提减值准备方法及具体说明 四、其他说明 （一）信用减值损失 公司根据《企业会计准则第22号——金融工具确认和计量》的相关规定，对 1 单位：人民币元 项目 2024年半年度计提金额 信用减值损失 应收票据坏账损失 728,342.62 应收账款坏账损失 -1,957,083.96 其他应收款坏账损失 35,135.86 资 ...

Financial Performance - The net profit attributable to shareholders for the first half of 2024 was -56.8871 million yuan, and the net profit after deducting non-recurring gains and losses was -80.1379 million yuan[3]. - As of June 30, 2024, the cumulative undistributed losses amounted to 120.5662 million yuan[3]. - The company's operating revenue for the first half of 2024 was CNY 532.20 million, a decrease of 17.28% compared to the same period last year[18]. - The net profit attributable to shareholders was a loss of CNY 56.89 million, representing a decline of 260.44% year-on-year[18]. - The net cash flow from operating activities was a negative CNY 36.11 million, down 119.87% from the previous year[18]. - The basic earnings per share for the reporting period was -CNY 0.14, a decrease of 240.00% compared to the same period last year[19]. - The total assets at the end of the reporting period were CNY 2.98 billion, down 5.40% from the end of the previous year[18]. - The company's net assets attributable to shareholders were CNY 2.33 billion, a decrease of 1.71% compared to the previous year[18]. - The weighted average return on net assets was -2.41%, a decrease of 11.59 percentage points year-on-year[20]. - The company reported a significant increase in R&D investment, totaling CNY 22,410.80 million for the current period, a 73.92% increase compared to CNY 12,886.06 million in the same period last year[37]. Research and Development - The company emphasizes long-term development strategies with increased R&D investment, aiming to strengthen its core competitiveness in emerging markets[3]. - The R&D investment accounted for 42.11% of operating revenue, an increase of 22.08 percentage points year-on-year, reflecting the company's commitment to innovation[20]. - The company has filed for 70 invention patents during the current period, with 25 newly granted, bringing the total granted patents to 453[36]. - The number of R&D personnel increased to 378, representing 74.26% of the total workforce, up from 334 and 73.08% in the same period last year[42]. - Total R&D personnel compensation rose to ¥10,739.12 million, with an average salary of ¥27.54 million, compared to ¥7,666.40 million and ¥22.35 million respectively in the previous year[42]. - The company is focusing on technological innovation and R&D accumulation in high-end products while expanding and upgrading mid-range and low-end product lines[3]. - The company is committed to improving its chip production capabilities through partnerships with foundries for mass production[12]. - The company has developed advanced core technologies, including high-performance switching architecture capable of supporting up to 12.8Tbps and 25.6Tbps designs[28]. Market and Product Development - The company has a focus on developing Application Specific Integrated Circuits (ASICs) for specific user requirements[10]. - The company is engaged in the production of Ethernet switches with various port rates, including 10G, 25G, 40G, and 100G[12]. - The company emphasizes the importance of Software Defined Networks (SDN) for flexible network control[12]. - The company is exploring Time Sensitive Network (TSN) technology as a significant evolution in industrial networking[12]. - The company's main business focuses on the research, design, and sales of Ethernet switch chips and related products, targeting the demand for national digital network construction[24]. - The Ethernet switch chip product line covers a switching capacity range from 100Gbps to 2.4Tbps and port rates from 100M to 400G, with the TsingMa.MX series achieving a capacity of 2.4Tbps[26]. - The high-end flagship chip products for large-scale data centers and cloud services are expected to achieve small batch delivery in 2024, supporting a maximum port rate of 800G[26]. - The company has established a strong customer base, with its Ethernet switch chips integrated into the supply chains of major domestic network equipment manufacturers[45]. Financial Management and Risks - The company acknowledges that if future market expansion of products does not meet expectations, it may delay the turnaround to profitability and potentially increase losses[3]. - The company faces risks related to high supplier and customer concentration, which could adversely affect operations if major suppliers or customers encounter difficulties[56]. - The company is exposed to macroeconomic fluctuations that could adversely affect its business performance, particularly in the high-end chip market[64]. - The company has been impacted by global trade tensions, particularly U.S. export control policies affecting its supply chain[62]. - The company is actively monitoring changes in regulations and is preparing to respond to potential further restrictions from the U.S.[63]. Shareholder and Capital Management - The company did not declare any profit distribution or capital reserve transfer during the reporting period[78]. - The company has committed to not transferring or managing shares held prior to its IPO for 36 months, with specific conditions for share transfer thereafter[87]. - The company has a lock-up period of 36 months from the date of listing, during which it will not transfer or manage its shares directly or indirectly held before the listing[89]. - The company will not propose to repurchase shares held before the listing during the lock-up period[89]. - The company has committed to maintaining the share price above the issue price to avoid adjustments in the lock-up terms[89]. - The company will ensure compliance with the irrevocable commitments regarding share transfers and management[90]. - The company plans to maintain a long-term positive outlook on its industry and intends to hold its shares steadily over an extended period[96]. - The company will ensure that any share reduction price will not be lower than the issue price, with adjustments made for any rights issues or capital increases[96]. Compliance and Governance - The company adheres to the accounting standards set by the Ministry of Finance, ensuring accurate financial reporting[174]. - The company recognizes foreign currency transactions at the spot exchange rate on the transaction date, with differences in exchange rates affecting current profits and losses[182]. - The company guarantees that it will not engage in any related party transactions that could harm the interests of the issuer and its shareholders[116]. - The company has committed to maintaining the independence of the issuer's operations, assets, and finances[117]. - The company has confirmed compliance with the listing conditions and the accuracy of the information disclosed in its registration application[106].

证券代码：688702 证券简称：盛科通信 公告编号：2024-026 苏州盛科通信股份有限公司 关于 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。 一、募集资金基本情况 （一）实际募集资金金额和资金到账时间 根据中国证券监督管理委员会于2023年7月13日出具的《关于同意苏州盛科 通信股份有限公司首次公开发行股票注册的批复》（证监许可〔2023〕1534号）， 同意公司首次公开发行股票的注册申请。公司获准向社会公开发行人民币普通股 5,000万股，每股面值人民币1.00元，每股发行价为人民币42.66元，募集资金总 额为人民币2,133,000,000.00元，扣除发行费用后，实际募集资金净额为人民币 2,004,215,801.87元。 上述募集资金已全部到账，信永中和会计师事务所（特殊普通合伙）对本次 公开发行新股的资金到位情况进行审验，并于2023年9月8日出具《验资报告》 （XYZH/2023BJAA10B0607）。 （二）募集资金本报告期使用金额及期末余 ...

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 苏州盛科通信股份有限公司（以下简称"公司"）于 2024 年 8 月 12 日以电 子邮件方式向全体监事发出第二届监事会第二次会议通知及相关材料，会议于 2024 年 8 月 27 日以现场结合通讯的方式在公司会议室召开。本次会议由监事会 主席阮英轶先生主持，应出席监事 3 人，实际出席监事 3 人。本次会议的召集、 召开和表决程序符合《中华人民共和国公司法》（以下简称"《公司法》"）及 《苏州盛科通信股份有限公司章程》（以下简称"《公司章程》"）的有关规定， 表决形成的决议合法、有效。 证券代码：688702 证券简称：盛科通信 公告编号：2024-025 苏州盛科通信股份有限公司 第二届监事会第二次会议决议公告 具体内容详见公司同日披露于上海证券交易所网站（www.sse.com.cn）的《盛 科通信 2024 年半年度报告》及《盛科通信 2024 年半年度报告摘要》。 （二）审议通过《关于<2024 年半年度募集资金存放与实际使用情况的专项 报告 ...