Summary of the Conference Call Company Overview - The conference call pertains to GeKowei Electronics, focusing on the company's performance in the first three quarters of 2024, with a reported revenue of 4.554 billion RMB, representing a year-on-year growth of 40.35% [1] - The revenue for Q3 alone was 1.76 billion RMB, indicating a quarter-on-quarter growth of 17.6% [1] Key Points and Arguments Revenue Breakdown - Revenue from mobile CIS (CMOS Image Sensors) was 2.62 billion RMB, non-mobile CIS was 957 million RMB, and display driver chips generated 974 million RMB [1] - The mobile CIS product line saw a sales increase of 79% year-on-year, with shipment volume up by 38% [1] High-Pixel Products - High-pixel products (13 million and above) generated close to 1 billion RMB in sales, a tenfold increase compared to the same period last year [2] - The company has successfully transitioned from mid-to-low-end to mid-to-high-end products, with significant orders from major brands like Vivo and Oppo [2] Non-Mobile CIS Growth - Non-mobile CIS revenue grew by 12.68% year-on-year, driven by increased R&D and production of 4 million and 8 million pixel products [3] - The introduction of the new 4 million pixel product GC4103, which supports always-on functionality, has enhanced market share [3] Display Driver Products - Display driver product line revenue grew by 6% year-on-year, with TDDI (Touch and Display Driver Integration) products accounting for over 50% of this revenue [4] - The company plans to increase market promotion for TDDI products and introduce OLED products for wearable devices [4] Production Capacity and Efficiency - The company’s factory has achieved mass production of 8 million and 13 million pixel products, with a transition to 50 million pixel products underway [5] - The factory's operational efficiency has improved, with losses narrowing significantly [5] Financial Performance - The company reported a foreign exchange loss of 57 million RMB in the first three quarters, with a significant impact in Q3 [6] - R&D expenses totaled 630 million RMB, reflecting a focus on high-pixel product development [8] - Total assets increased to 5.86 billion RMB, primarily due to inventory buildup for high-pixel products [8] Market Position and Competition - The company maintains a competitive edge in single-chip high-pixel technology, with a strong R&D capability and faster iteration cycles compared to competitors [10][12] - The gross margin for high-end products is under pressure due to competition, but the company expects to maintain profitability as market share grows [12][29] Future Outlook - The company is optimistic about the continued demand for high-pixel products and plans to expand its product offerings in the automotive sector [16] - The introduction of multi-spectral CIS products is underway, with promising early results [18] - The company aims to achieve profitability in its factory operations by optimizing production and focusing on high-margin products [32] Additional Important Information - The company has successfully developed proprietary manufacturing processes that enhance product performance and reduce reliance on external foundries [20][21] - The management emphasizes the importance of maintaining a robust supply chain and production capacity to meet market demands [26][27] This summary encapsulates the key insights from the conference call, highlighting GeKowei Electronics' performance, strategic initiatives, and market outlook.

证券代码：688728 证券简称：格科微 公告编号：2024-054 格科微有限公司 关于以集中竞价交易方式回购公司股份的进展公告 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。 | 回购方案首次披露日 | 2024/3/6，由公司实际控制人、董事长、首席执行 | | --- | --- | | | 官赵立新先生提议 | | 回购方案实施期限 | 2024/03/05~2025/03/04 | | 预计回购金额 | 万元 15,000 万元~30,000 | | 回购用途 | □减少注册资本 | | | √用于员工持股计划或股权激励 | | | □用于转换公司可转债 | | | □为维护公司价值及股东权益 | | 累计已回购股数 | 万股 2,206.63 | | 累计已回购股数占总股本比 | 0.8485% | | 例 | | | 累计已回购金额 | 29,186.69 万元 | | 实际回购价格区间 | 10.11 元/股~18.00 元/股 | 一、 回购股份的基本情况 2024 年 3 月 5 日，公司召开第二届董 ...

Financial Performance - The company's operating revenue for Q3 2024 was ¥1,764,028,903, representing a year-over-year increase of 36.43%[2] - The net profit attributable to shareholders for Q3 2024 was -¥69,378,143, a decrease of 195.62% compared to the same period last year[2] - The net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2024 was -¥89,221,333, reflecting a decline of 384.71% year-over-year[2] - Total revenue for the first three quarters of 2024 reached CNY 4,554,095,635, a significant increase of 40.4% compared to CNY 3,244,867,291 in the same period of 2023[22] - The company's net profit for the first three quarters of 2024 was CNY 8,111,352, a decrease from CNY 49,725,666 in the same period of 2023[24] - The total comprehensive income for Q3 2024 is -100,698,199 CNY, significantly down from 32,000,275 CNY in Q3 2023[25] Research and Development - Research and development expenses totaled ¥244,092,074 in Q3 2024, a decrease of 17.62% compared to the same period last year[4] - The company has increased its R&D investment, leading to a rise in R&D expenses[12] - Research and development expenses for the first three quarters of 2024 were CNY 631,094,690, compared to CNY 595,554,393 in 2023, reflecting a year-over-year increase of 6.0%[24] Assets and Liabilities - The total assets at the end of Q3 2024 were ¥21,906,523,217, an increase of 8.43% from the end of the previous year[4] - Current assets totaled CNY 11,033,890,405 as of September 30, 2024, compared to CNY 9,788,688,196 at the end of 2023, representing a growth of 12.7%[20] - The company's total assets reached CNY 21,906,523,217, up from CNY 20,203,228,116, indicating a growth of 8.4%[21] - The total liabilities increased to CNY 14,290,921,143 from CNY 12,323,360,149, representing a growth of 15.9%[21] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period is 28,859, with no preferred shareholders restoring voting rights[13] - Uni-sky Holding Limited is the largest shareholder, holding 1,050,000,000 shares, which accounts for 40.38% of the total shares[13] - Cosmos L.P. holds 310,599,100 shares, representing 11.94% of the total shares[14] - Keenway International Limited owns 175,000,000 shares, which is 6.73% of the total shares[14] - There are no significant changes in the top 10 shareholders or their shareholding status compared to the previous period[17] Cash Flow - The net cash flow from operating activities for the year-to-date is -73.16 million RMB, primarily due to increased procurement costs related to high-pixel chip inventory[12] - Cash flow from operating activities for the first three quarters of 2024 is 5,843,336,877 CNY, an increase from 4,033,216,056 CNY in the same period of 2023[26] - The net cash flow from operating activities for Q3 2024 is 114,488,638 CNY, a decrease from 426,513,977 CNY in Q3 2023[26] - Cash flow from investing activities for Q3 2024 is -1,339,718,742 CNY, compared to -1,168,274,044 CNY in Q3 2023[27] - Cash flow from financing activities for Q3 2024 is 985,578,017 CNY, down from 1,218,692,995 CNY in Q3 2023[27] - The cash and cash equivalents at the end of Q3 2024 amount to 3,947,025,856 CNY, slightly down from 4,070,853,212 CNY at the end of Q3 2023[27] Earnings Per Share - Basic earnings per share for the current reporting period is -200.00 RMB, reflecting a substantial decrease in net profit[12] - Diluted earnings per share for the current reporting period is also -200.00 RMB, indicating increased R&D expenses including employee compensation and material costs[12] - The basic and diluted earnings per share for Q3 2024 are both 0.00 CNY, compared to 0.02 CNY in Q3 2023[25] Foreign Exchange and Financial Expenses - The company reported a foreign exchange loss of ¥92,891,600 in Q3 2024, with a cumulative loss of ¥57,665,700 for the first three quarters[6] - The company's interest expenses for the first three quarters of 2024 were ¥230,212,700, an increase of ¥106,550,700 year-over-year[8] - The company reported a financial expense of CNY 221,417,314, significantly higher than CNY 24,356,636 in the previous year[24] - The net profit attributable to shareholders, excluding non-recurring gains and losses, for the current reporting period is -384.71 million RMB, significantly impacted by large foreign exchange losses due to a sharp decline in the USD exchange rate[12] - The company reported a significant decrease in other comprehensive income, with a net amount of -108,809,551 CNY for Q3 2024, compared to -17,725,391 CNY in Q3 2023[25]

一、 2024年前三季度计提资产减值准备情况概述 结合格科微有限公司（以下简称"公司"）的实际经营情况及行业市场变化等 因素的影响，根据《企业会计准则第1号——存货》《企业会计准则第22号——金 融工具确认和计量》及《企业会计准则第8号——资产减值》（以下合称"《企业 会计准则》"）等相关会计政策规定，为客观、公允地反映公司截至2024年9月30 日的财务状况及2024年1-9月的经营成果，经公司及下属子公司对各项金融资产、 存货和长期资产等进行全面充分的评估和分析，认为上述资产中部分资产存在一 定的减值迹象。2024年前三季度，公司计提的减值准备总额合计为11,513.03万元。 具体情况如下表所示： 单位：万元 证券代码：688728 证券简称：格科微 公告编号：2024-053 格科微有限公司 关于2024年前三季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。 1 二、 2024年前三季度计提资产减值准备事项的具体说明 （一）信用减值损失 公司以预期信用损失为基础，对应收账款、应收票据、其他应 ...

证券代码：688728 证券简称：格科微 公告编号：2024-050 格科微有限公司 关于作废部分已授予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。 格科微有限公司（以下简称"公司"）于 2024 年 10 月 19 日召开的第二届董 事会第七次会议审议通过了《关于作废部分已授予尚未归属的限制性股票的议 案》，现将相关事项公告如下： 一、 公司2023年限制性股票激励计划已履行的决策程序和信息披露情况 2023 年 6 月 7 日，公司召开第一届董事会第二十五次会议，审议通过了《关 于<格科微有限公司 2023 年限制性股票激励计划（草案）>及其摘要的议案》《关 于<格科微有限公司 2023 年限制性股票激励计划实施考核管理办法>的议案》以 及《关于提请股东大会授权董事会办理公司股权激励计划相关事宜的议案》。公 司独立董事就 2023 年限制性股票激励计划（以下简称"本激励计划"）相关议案 发表了独立意见。 2023 年 6 月 9 日，公司于上海证券交易所网站（www.sse.com.cn）披 ...

证券代码：688728 证券简称：格科微 公告编号：2024-052 格科微有限公司 第二届董事会第七次会议决议公告 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 格科微有限公司（以下简称"公司"）第二届董事会第七次会议（以下简称"本 次会议"）于 2024 年 10 月 19 日以书面表决的方式召开，会议通知于 2024 年 10 月 14 日以邮件方式送达至公司全体董事。本次会议由公司董事长赵立新召集和 主持；会议应出席董事 7 人，实到董事 7 人。本次会议的召集和召开程序、出席 会议人员的资格和表决程序均符合有关法律、法规及《公司章程》的有关规定。 二、 董事会会议审议情况 经与会董事审议，形成如下决议： (一)审议通过《关于调整 2023 年限制性股票激励计划相关事项的议案》 鉴于公司 2023 年年度权益分派已实施完毕，每股派发现金红利 0.00603 元， 根据《上市公司股权激励管理办法》（以下简称"《管理办法》"）及《公司 2023 年 限制性股票激励计划》（以下简称"《激励计划》 ...

证券代码：688728 证券简称：格科微 公告编号：2024-049 格科微有限公司 (5) 归属安排 2023 年限制性股票激励计划（以下简称"本激励计划"）首次授予的限制性 股票的归属安排如下表所示： | 归属安排 | 归属期间 | 归属比例 | | --- | --- | --- | | 第一个归属期 | 1.起算日：自首次授予部分限制性股票授予日起 12 ① | | | | 个月后的首个交易日。 | | | | 2.终止日为以下日期中的孰晚之日： | | | | 首次授予部分限制性股票授予日起 24 个月内的 | | | | 最后一个交易日当日； | 20% | | | ② 如公司需就本激励计划及首次授予部分限制性 | | | | 股票归属办理外汇管理相关登记，则自该外汇管理 | | | | 登记办理完成之日起 4 个月内的最后一个交易日当 | | | | 日。 | | | 第二个归属期 | 起算日：自首次授予部分第一个归属期届满之日后 的首个交易日。 | 20% | | | 终止日：首次授予部分第一个归属期届满之日后 12 | | | | 个月内的最后一个交易日当日。 | | | 第三个归属期 | ...

北京市中伦（上海）律师事务所 关于格科微有限公司 （GALAXYCORE INC.） 为出具本法律意见书，本所律师根据有关法律、行政法规、规范性文件的规定 2023 年限制性股票激励计划 授予价格调整、首次授予部分第一个归属期归属条件成就 及部分限制性股票作废相关事项的 法律意见书 致：格科微有限公司（GALAXYCORE INC.） 根据《中华人民共和国证券法》（以下简称"《证券法》"）、《上市公司股权激励 管理办法》（以下简称"《管理办法》"）、《上海证券交易所科创板股票上市规则》（以 下简称"《上市规则》"）、《科创板上市公司自律监管指南第 4 号——股权激励信息 披露》（以下简称"《披露指引》"）等法律、法规和规范性文件以及经第十一次修订 及重述的公司章程大纲及公司章程细则（以下简称"《公司章程》"）等有关规定， 北京市中伦（上海）律师事务所（以下简称"本所"）接受格科微有限公司 （GALAXYCORE INC.）（以下简称"公司"）的委托，就公司 2023 年限制性股票 激励计划（以下简称"激励计划"或"本次激励计划"）授予价格调整（以下简称 "本次调整"）、首次授予部分第一个归属期归属条件成就（以 ...

格科微有限公司(GalaxyCore Inc.) 独立董事 [格科微有限公司(GalaxyCore Inc.）独立董事关于 2023 年限制性股票激励计划 首次授予部分第一个归属期归属名单的核查意见之签署页] 周易 - ar and the first of the states te 关于 2023 年限制性股票激励计划首次授予部分第一个归属期 归属名单的核查意见 格科微有限公司(以下简称"公司")独立董事依据《中华人民共和国证券 法》(以下简称"《证券法》")、《上市公司股权激励管理办法》(以下简称"《管 理办法》")、《上海证券交易所科创板股票上市规则》(以下简称"《上市规则》") 等相关法律、法规及规范性文件和公司章程的有关规定,对公司 2023 年限制性 股票激励计划(以下简称"本次激励计划")首次授予部分第一个归属期归属名 单进行审核,发表核查意见如下: 本次拟归属的 125 名激励对象符合《中华人民共和国公司法》《证券法》等 法律、法规和规范性文件以及《公司章程》规定的任职资格,符合《管理办法》 及《上市规则》等法律、法规和规范性文件规定的激励对象条件,符合本次激励 计划规定的激励对象范围,其作 ...

证券代码：688728 证券简称：格科微 公告编号：2024-051 格科微有限公司 关于调整2023年限制性股票激励计划相关事项的公告 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。 格科微有限公司（以下简称"公司"）于 2024 年 10 月 19 日召开第二届董事 会第七次会议，审议通过了《关于调整 2023 年限制性股票激励计划相关事项的 议案》。现将有关事项说明如下： 一、 公司2023年限制性股票激励计划已履行的决策程序和信息披露情况 2023 年 6 月 7 日，公司召开第一届董事会第二十五次会议，审议通过了《关 于<格科微有限公司 2023 年限制性股票激励计划（草案）>及其摘要的议案》《关 于<格科微有限公司 2023 年限制性股票激励计划实施考核管理办法>的议案》以 及《关于提请股东大会授权董事会办理公司股权激励计划相关事宜的议案》。公 司独立董事就 2023 年限制性股票激励计划（以下简称"本激励计划"）相关议案 发表了独立意见。 2023 年 6 月 9 日，公司于上海证券交易所网站（www.sse. ...