1 | 序号 | 工作内容 | 持续督导情况 | | --- | --- | --- | | | 括但不限于股东大会、董事会、监事会议事规则以及 | 健全完善公司治理制度，并严格执 | | | 董事、监事和高级管理人员的行为规范等 | 行公司治理制度 | | | | 保荐机构对格科微的内控制度的设 | | | 督导上市公司建立健全并有效执行内控制度，包括但 | 计、实施和有效性进行了核查，格 | | 8 | 不限于财务管理制度、会计核算制度和内部审计制度， | 科微的内控制度符合相关法规要求 | | | 以及募集资金使用、关联交易、对外担保、对外投资、 | 并得到了有效执行，能够保证公司 | | | 控股子公司管理等重大经营决策的程序与规则等 | | | | | 的规范运营 | | 9 | 督导上市公司建立健全并有效执行信息披露制度，审 | 保荐机构督促格科微严格执行信息 披露制度，审阅信息披露文件及其 | | | 阅信息披露文件及其他相关文件，并有充分理由确信 | | | | 上市公司向上海证券交易所提交的文件不存在虚假记 | | | | 载、误导性陈述或重大遗漏 | 他相关文件 | | | 对上市公司的信 ...

Investment Rating - The report maintains an "Accumulate" investment rating for the company [2] Core Views - The company has shown a significant recovery in Q1 2024, achieving a revenue of 1.289 billion yuan, a year-on-year increase of 51.13%, and a net profit attributable to shareholders of 30.16 million yuan, marking a turnaround from losses [2][3] - The decline in 2023 revenue to 4.697 billion yuan, a decrease of 20.97% year-on-year, was primarily due to geopolitical factors, global inflation, and a slowdown in consumer electronics demand [2][3] - The company is expanding its high-pixel product offerings, with successful mass production of 13 million, 16 million, and 32 million pixel mobile CIS products, enhancing its market share in the high-end segment [2][3] - The transition to a Fab-lite model has strengthened the company's product competitiveness, with plans for a more efficient internal product development model [4] Summary by Sections Financial Performance - In 2023, the company reported a revenue of 4.697 billion yuan and a net profit of 48 million yuan, reflecting a significant decline in profitability [5] - For 2024, the revenue is projected to reach 6.439 billion yuan, with a growth rate of 37.1%, and net profit expected to increase to 265 million yuan, a growth rate of 449.5% [5][7] Product Development - The company is set to launch AMOLED display driver IC products, which are anticipated to drive future growth [3] - The introduction of high-pixel products is supported by the latest FPPI patented technology, enhancing the company's competitive edge in the smartphone market [2][3] Strategic Initiatives - The company has initiated a share buyback program to incentivize core talent, with 3.9054 million shares repurchased, representing 0.1502% of total shares [4] - A restricted stock incentive plan was announced, focusing on revenue from products with specifications of 13 million pixels and above, demonstrating the company's commitment to high-end CIS products [4]

证券代码：688728 证券简称：格科微 公告编号：2024-023 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。 重要内容提示： | 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 | 390.54 万股 | | 累计已回购股数占总股本比 | 0.1502% | | 例 | | | 累计已回购金额 | 6,446.4 万元 | | 实际回购价格区间 | 15.12 元/股~18.00 元/股 | 一、 回购股份的基本情况 2024 年 3 月 5 日，公司召开第二届董事会 ...

Investment Rating - The report maintains a "Recommendation" rating for the company [2][7] Core Views - The company has begun mass production and shipment of mid-to-high-end CIS products, leading to significant revenue growth in Q1 2024, with a 51.13% year-on-year increase [3][4] - Despite a challenging market environment in 2023, the company shows a clear recovery trend, with quarterly revenues improving from Q1 to Q4 [3][4] - The company has successfully developed a unique high-pixel single-chip integration technology, enhancing its competitive position in the high-pixel image sensor market [4][7] Financial Summary - In 2023, the company reported a revenue of 4.697 billion yuan, a decrease of 20.97% year-on-year, and a net profit of 48 million yuan, down 89.01% year-on-year [3][5] - For Q1 2024, the company achieved a revenue of 1.289 billion yuan, a year-on-year increase of 51.13%, and a net profit of 30 million yuan, up 123.35% year-on-year [3][5] - The company expects revenues to grow to 6.037 billion yuan in 2024, with a projected net profit of 147 million yuan, reflecting a significant recovery [5][11] Product Development - The company has successfully launched its 32 million pixel image sensor, which is expected to meet the demands of 5G mobile phone designs [4][7] - The introduction of a new 4K image sensor for non-mobile applications has also been noted, indicating diversification in product offerings [7] Market Position - The company is positioned as a key player in the domestic CIS market, focusing on upgrading its product line to capture the mid-to-high-end market segment [7] - The transition from a Fabless to a Fab-lite model is expected to enhance the company's R&D efficiency and market competitiveness [7]

[Table_Main] 证券研究报告 | 公司点评 格科微(688728.SH) 2024年05月04日 格科微(688728.SH)：24Q1 业绩表现 买入（维持） 亮眼，高像素单芯片 CIS 出货顺利 所属行业：电子/半导体 当前价格(元)：16.59 2023 年年度报告及 24 年一季报点评 证券分析师 陈蓉芳 投资要点 资格编号：S0120522060001 邮箱：chenrf＠tebon.com.cn  事件：4月26日晚，公司发布2023年年报，4月29日晚，公司发布2024年第 一季度报告。2023 年全年，公司实现营收 46.97 亿元，同减 20.97%，实现归母 研究助理 净利0.48亿元，同减89.01%。24Q1公司实现营收12.89亿元，同比增长51.13%， 环比减少 11.21%；实现归母净利 0.30 亿元，同比增长 123.35%，环比增长 2137.15%。 市场表现 24Q1 32M及50M产品出货顺利，13M以上产品单季度收入超2亿元。24Q1， 格科微 沪深300  公司营收实现同比高速增长，主要由于消费市场复苏，高像素单芯片产品出货量 43% 29% 增加 ...

公司实现了46.97亿的销售额相较于同期是下降了20%净利润是4800万左右相较于去年是22年下降了89%归属于上市股东的扣除扣费后的净利润是在6000万元左右相比较去年是下降22%但是我们公司今年的会引入一个新的数据是我们的息税 虚税折旧摊销前的利润就是1B大,那大概是在6.8亿左右,因为整个公司在二三年其实进入一个Fibonacci模式,我们的1B大指标会更能够反映公司的实际情况,便于投资者理解公司业务啊,这是一个变化,那从收入的一个角度来看,整体来说还是由于 整个的二三年的消费电子的一个缓慢修复那公司收入有所下降但是我们也看到公司在第一次季度开始整体的我们基于单芯片架构的32万以及1300万像素等中高端产品已经完成了实现了销售额那公司的工厂也在二三年实现了我们的一个结像形成了相应的产能 那我们对收入呢稍微做一些那个拆分那整个23年46.97亿的收入中其中手机CIS在22.42亿出货量的7.76亿克那非手机的话是在12.1亿1.1克出货量那显示驱动芯片的话是12亿销售额那出货量是5亿克整体来看公司其实23年虽然收入 呃有一定的像但整个毛利率维持的还是不错的那手机呃整体三个事业部的毛利率都超过了20%那其中 ...

证券代码：688728 证券简称：格科微 公告编号：2024-022 格科微有限公司 股东减持股份计划公告 本公司董事会、全体董事及相关股东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： 股东持股的基本情况 截至本公告日，格科微有限公司（以下简称"公司"）股东 Pacven Walden Ventures V, L.P.、Pacven Walden Ventures Parallel V-A, C.V.、Pacven Walden Ventures Parallel V-B, C.V.、Pacven Walden Ventures V Associates Fund, L.P.、 Pacven Walden Ventures V-QP Associates Fund, L.P.（以上合称"华登美元基金"） 合计持有公司 126,721,550 股，占公司总股本的 4.87%。 上述股份来源均为公司首次公开发行股票并上市前持有的股份，且已于 2022 年 8 月 18 日解除限售并上市流通。 减持计划的主要内容 因自身财务需要， ...

Financial Performance - In Q1 2024, the company achieved operating revenue of CNY 1,289,489,531, representing a year-on-year increase of 51.13%[6] - The net profit attributable to shareholders was CNY 30,163,398, marking a significant turnaround from the previous year[10] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 11,973,918, also indicating a substantial improvement[10] - The total operating revenue for Q1 2024 was CNY 1,289,489,531, a significant increase from CNY 853,204,583 in Q1 2023, representing a growth of approximately 51.1%[26] - The net profit for Q1 2024 was CNY 30,163,398, a recovery from a net loss of CNY 129,193,711 in Q1 2023[27] - The total comprehensive income for Q1 2024 was CNY 28,211,659, a significant improvement from a loss of CNY 117,038,964 in Q1 2023[28] - The basic earnings per share for Q1 2024 were CNY 0.01, compared to a loss of CNY 0.05 per share in Q1 2023[28] Research and Development - Research and development expenses totaled CNY 201,214,604, accounting for 15.60% of operating revenue, despite a decrease of 0.88 percentage points year-on-year[7] - Research and development expenses for Q1 2024 were CNY 201,214,604, up from CNY 140,649,399 in Q1 2023, indicating a rise of about 43%[26] Cash Flow and Liquidity - The company reported a net cash flow from operating activities of -CNY 370,813,656, primarily due to increased inventory procurement for high-pixel products[11] - Cash inflow from operating activities for Q1 2024 was $1,650,948,722, an increase of 11.4% compared to $1,482,317,162 in Q1 2023[31] - Net cash outflow from operating activities for Q1 2024 was -$370,813,656, compared to -$18,503,461 in Q1 2023, indicating a significant decline in operational cash flow[31] - Cash and cash equivalents as of March 31, 2024, amounted to ¥4,280,855,787, compared to ¥4,318,382,796 as of December 31, 2023[22] - The company's cash and cash equivalents increased to CNY 10,428,331,970 in Q1 2024 from CNY 9,788,688,196 in Q1 2023, marking a growth of approximately 6.5%[25] - Cash inflow from financing activities for Q1 2024 was $2,470,243,764, compared to $2,340,246,942 in Q1 2023, showing a growth of 5.6%[32] - Net cash flow from financing activities for Q1 2024 was $524,862,926, down from $616,816,004 in Q1 2023, indicating a decrease in financing efficiency[32] - Cash and cash equivalents at the end of Q1 2024 totaled $4,110,223,136, a decrease from $3,613,445,714 at the end of Q1 2023[32] Assets and Liabilities - The total assets at the end of the reporting period were CNY 20,738,530,203, reflecting a 2.65% increase from the end of the previous year[7] - The company's total assets as of Q1 2024 amounted to CNY 20,738,530,203, up from CNY 20,203,228,116 in the previous year, reflecting an increase of approximately 2.6%[25] - The total liabilities for Q1 2024 were CNY 12,848,207,397, compared to CNY 12,323,360,149 in Q1 2023, showing an increase of about 4.3%[24] - The accounts receivable as of March 31, 2024, totaled ¥364,608,532, slightly down from ¥372,758,315 as of December 31, 2023[22] - The prepayments increased to ¥76,969,711 as of March 31, 2024, from ¥64,036,684 as of December 31, 2023[22] - The company reported a decrease in accounts payable to CNY 685,805,010 in Q1 2024 from CNY 788,290,672 in Q1 2023, a reduction of approximately 13.1%[24] Shareholder Information - The total number of shares held by the top 10 unrestricted shareholders includes 175,000,000 shares from Keenway International Limited and 164,990,000 shares from Hopefield Holding Limited[15] - The total number of unrestricted circulating shares held by the top 10 shareholders is 57,825,627 shares for China Merchants Bank Co., Ltd. - Huaxia SSE Sci-Tech Innovation Board 50 ETF[15] - The total number of shares held by ZHAOHUI WANG is 35,500,000 shares[15] - The total number of shares held by Shanghai Chengyuan Technology Partnership (Limited Partnership) is 35,946,420 shares[15] - The total number of shares held by Hong Kong Central Clearing Limited is 33,162,484 shares[15] Operational Efficiency - The gross profit margin remained stable at 25.26% after considering depreciation following the completion of fundraising projects[12] - Management expenses decreased by approximately CNY 80,673,400, mainly due to the cessation of startup costs after project completion[11] - The company successfully expanded its high-pixel product line, with over CNY 200 million in revenue contributed by products with pixel counts above 13 million in Q1[11] - The initial lending balance for China Merchants Bank Co., Ltd. - Huaxia SSE Sci-Tech Innovation Board 50 ETF was 4,217,500 shares, which decreased to 1,081,100 shares by the end of the period[17] - The initial lending balance for Industrial and Commercial Bank of China Co., Ltd. - E Fund SSE Sci-Tech Innovation Board 50 ETF was 2,396,100 shares, which decreased to 675,200 shares by the end of the period[17] Tax and Other Income - The company reported a significant increase in tax refunds received, amounting to $183,996,162 in Q1 2024, compared to $82,130,722 in Q1 2023, representing a growth of 124.5%[31] - Cash inflow of $1,000,000 from the disposal of fixed assets in Q1 2024, marking a new revenue stream[31] - The impact of exchange rate changes on cash and cash equivalents was a positive $70,628 in Q1 2024, compared to a negative impact of -$648,944 in Q1 2023[32]

格科微有限公司 2023 年度募集资金存放与实际使用情况专项报告及鉴证报告 t and the first and t a 普华永道 对募集资金存放与实际使用情况专项报告的鉴证报告 普华永道中天特审字(2024)第 2097号 (第一页,共三页) 格科微有限公司董事会: 我们接受委托,对格科微有限公司(以下简称"格科微")关于 2023 年度 的募集资金存放与实际使用情况专项报告(以下简称"募集资金存放与实际使 用情况专项报告")执行了合理保证的鉴证业务。 格科微管理层的责任是按照中国证券监督管理委员会公告[2022]15 号《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(2022 年修 订)》及上海证券交易所颁布的《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)》编制募集资金存放与实际使用情 况专项报告。这种责任包括设计、执行和维护与募集资金存放与实际使用情况 专项报告编制相关的内部控制,保证募集资金存放与实际使用情况专项报告的 真实、准确和完整,以及不存在虚假记载、误导性陈述或重大遗漏。 我们的责任是在执行鉴证工作的基础上对募集资金存 ...

证券代码：688728 证券简称：格科微 公告编号：2024-021 (一)本次限制性股票授予已履行的决策程序和信息披露情况 1 限制性股票预留授予日：2024年4月25日 限制性股票预留授予数量：50.00万股，占目前公司股本总额的0.02% 股权激励方式：第二类限制性股票 1. 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 司独立董事就本次激励计划相关议案发表了独立意见。 2. 2023年6月9日，公司于上海证券交易所网站（www.sse.com.cn）披露了《格 科微有限公司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，独立董事郭少牧先生作为征集人，就公司2022年 年度股东大会审议的本次激励计划相关议案向公司全体股东征集委托投票权。 格科微有限公司 关于向2023年限制性股票激励计划激励对象 授予预留 ...