证券代码：688766 证券简称：普冉股份 公告编号：2024-043 首次公开发行限售股上市流通公告 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： 本次股票上市类型为首发限售股份；股票认购方式为网下，上市股数为 44,378,866 股。 本次股票上市流通总数为 44,378,866 股。 本次股票上市流通日期为 2024 年 8 月 23 日。 一、 本次上市流通的限售股类型 经中国证券监督管理委员会《关于同意普冉半导体（上海）股份有限公司首 次公开发行股票注册的批复》（证监许可〔2021〕2111 号），普冉半导体（上海） 股份有限公司（以下简称"公司"、"普冉股份"、"发行人"）首次向社会公 开发行人民币普通股（A 股）9,057,180 股，并于 2021 年 08 月 23 日在上海证券交 易所科创板挂牌上市，发行完成后总股本为 36,228,719 股，其中有限售条件流通 股 28,489,468 股，无限售条件流通股 7,739,251 股。 普冉半导体（上海）股份有限公司 本次上市流通的 ...

52 周换手率（%） 531.62 [Table_ 【事项Summary 】 ] 近日，普冉股份发布 2024 年半年度业绩预告，预计 2024H1 实现营业 收入约为 8.8 亿，同比增长 87.80%左右，实现归属于母公司所有者的 净利润约为 1.28 亿，实现归属于母公司所有者的扣除非经常性损益 的净利润约为 1.43 亿。其中第二季度实现营业收入约 4.75 亿，环比 增长约 17.32%，创公司成立以来单季度营业收入值新高，公司产品出 货量同比及环比也均实现不同幅度的提升。其他方面，2024H1 行业供 求关系向好，公司资产减值损失计提幅度明显减少，上半年预计增加 利润总额约 1112 万，2024H1 公司持有的部分交易性金融资产受到二 级市场价格波动影响，上半年公允价值变动损失项目预计减少利润总 额约 1728 万元。2024 年上半年，受益于 IOT、可穿戴设备、手机、 智能家居等消费电子的景气度回暖、下游终端应用的功能升级以及新 型终端设备的场景应用等，公司主营产品所处的市场需求相较于去年 同期有所提升。公司在非易失存储器产品线的完整布局和性能领先上 持续稳定发挥，在既有产品的基础上大力拓展 ...

电子 | 证券研究报告 — 调整盈利预测 2024 年 7 月 22 日 688766.SH 买入 原评级：买入 市场价格:人民币 86.94 板块评级:强于大市 股价表现 (%) 今年 至今 1 个月 3 个月 12 个月 绝对 (7.3) (8.4) (3.2) (28.6) (47%) (34%) (21%) (9%) 4% 17% Jul-23Aug-23Sep-23Oct-23Nov-23Jan-24Feb-24Mar-24Apr-24May-24Jun-24Jul-24 普冉股份 上证综指 相对上证综指 (8.0) (7.2) (0.5) (21.8) | --- | --- | --- | |-------------------------------|--------|----------| | | | | | | | | | 发行股数 ( 百万 ) | | 105.61 | | 流通股 ( 百万 ) | | 61.23 | | 总市值 ( 人民币 百万 ) | | 9,181.71 | | 3 个月日均交易额 ( 人民币 | 百万 ) | 168.86 | | 主要股东 | | | | 王 ...

Financial Performance - The company expects to achieve a net profit attributable to shareholders of approximately 128 million yuan for the first half of 2024, an increase of about 206.25% compared to the same period last year[11]. - Estimated operating revenue for the first half of 2024 is approximately 880 million yuan, representing an increase of about 87.80% year-on-year, which is an increase of approximately 411.43 million yuan compared to the previous year[10]. - The second quarter of 2024 is projected to generate approximately 475 million yuan in operating revenue, a quarter-on-quarter increase of about 17.32%, marking a new high for quarterly revenue since the company's establishment[5]. - The company anticipates a net profit attributable to shareholders, excluding non-recurring gains and losses, of approximately 143 million yuan for the first half of 2024, an increase of about 20.80% compared to the same period last year[12]. - The estimated total profit for the reporting period is expected to increase by approximately 11.12 million yuan due to improved market conditions and reduced asset impairment losses[5]. Market Conditions - The significant increase in revenue is attributed to the recovery in demand for consumer electronics such as IoT devices, wearables, smartphones, and smart home products[5]. - The company has successfully expanded its market share in non-volatile memory products and is actively promoting the mass production of new products[5]. - The fair value change losses on certain trading financial assets are expected to decrease by approximately 17.28 million yuan, impacting the total profit for the reporting period[5]. Cautionary Notes - The company emphasizes that the performance forecast is based on preliminary calculations and has not been audited by certified public accountants[4]. - Investors are advised to pay attention to investment risks as the data provided is subject to change pending the official financial report[7].

证券代码：688766 证券简称：普冉股份 公告编号：2024-041 普冉半导体（上海）股份有限公司 关于控股股东、实际控制人、董事长提议中期分红暨落实 公司 2024 年年度"提质增效重回报"行动方案的公告 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。 普冉半导体（上海）股份有限公司（以下简称"公司"）董事会于 2024 年 7 月 16 日收到公司控股股东、实际控制人、董事长王楠先生《关于提议普冉半导 体（上海）股份有限公司中期分红暨落实公司 2024 年年度"提质增效重回报" 行动方案的函》。具体内容如下： 一、提议人的基本情况及提议时间 1、提议人：公司控股股东、实际控制人、董事长王楠先生 王楠先生基于对公司未来持续发展的信心和对公司长期价值的合理判断，为 合理回报投资者，增强投资者对公司的投资信心，实施"提质增效重回报"专项 行动方案，落实"以投资者为本"的理念，构筑以价值创造和互利共生的双赢格 局，使各方更紧密的合力推进公司的长远、稳定、持续发展，促进公司长期健康 发展，提议公司实施中期分红安排。 三、提议 ...

Investment Rating - The report initiates coverage with a "Buy" rating for the company [4][159]. Core Views - The company is a leading domestic storage manufacturer, focusing on non-volatile memory and microcontroller (MCU) chips, leveraging its SONOS process technology to enhance product competitiveness [3][8]. - The storage industry is expected to enter a new upward cycle, with the MCU sector continuing to grow, driven by increasing demand in various applications [116][155]. - The company has successfully expanded its market share during the previous down cycle and is poised to benefit from the recovery in the storage market [8][148]. Financial Summary - The company’s revenue for 2024-2026 is projected to be 18.04 billion, 22.33 billion, and 26.77 billion yuan, representing year-on-year growth of 60.1%, 23.8%, and 19.9% respectively [4][175]. - The net profit attributable to the parent company is expected to be 2.52 billion, 3.13 billion, and 3.87 billion yuan for the same period, with growth rates of 622.3%, 24.3%, and 23.6% respectively [4][175]. - The company’s earnings per share (EPS) for 2024-2026 are forecasted at 2.39, 2.97, and 3.67 yuan [4][175]. Business Model and Market Position - The company has a dual product line consisting of storage and "storage+" products, including NOR Flash, EEPROM, MCU chips, and analog products, with applications across various sectors such as IoT, automotive electronics, and consumer electronics [8][75]. - The company is actively expanding its MCU business by leveraging its existing NOR Flash business model, aiming to capture emerging market opportunities [14][147]. - The company’s strong sales capabilities and market insight have facilitated rapid growth in its NOR Flash business, and it is now extending these advantages to the MCU sector [14][147]. Industry Outlook - The global storage chip market is projected to grow significantly, with the NOR Flash segment expected to benefit from the exit of foreign competitors and increasing domestic demand [119][122]. - The EEPROM market is also anticipated to grow, driven by applications in smart devices and automotive electronics, with the company positioned to capture a larger market share [125][144]. - The MCU market is expected to expand due to the rise of IoT and electric vehicles, with the company’s products being well-suited for these applications [63][63].

Investment Rating - The report maintains a "Buy" rating for the company [4][15]. Core Views - The company specializes in the design and sale of non-volatile memory chips and derivative chips, including NOR Flash and EEPROM, with a strong market position, ranking sixth globally and second domestically in sales from 2020 to 2022 [4]. - The company achieved a record revenue of 405 million yuan in Q1 2024, representing a year-on-year growth of 98.52%, and a net profit of 50 million yuan, up 277.41% year-on-year [7]. - The semiconductor industry is expected to recover, with global semiconductor revenue projected to rebound to 630.2 billion USD in 2024, a 20% increase, driven by strong growth in the storage market [7]. Summary by Sections Company Overview - The company focuses on non-volatile memory chips, including NOR Flash and EEPROM, and has established a stable customer network with major brands like OPPO, vivo, and Samsung [4]. - The company has invested significantly in R&D, with a compound annual growth rate of 45% over the past three years, and plans to apply for at least 50 new patents in 2024 [4]. Financial Performance - In Q1 2024, the company reported a gross margin of 31.8%, an increase of 9.63% year-on-year, with a decrease in sales, management, and R&D expense ratios compared to the previous year [7]. - The company forecasts revenues of 1.655996 billion yuan, 2.08645 billion yuan, and 2.58896 billion yuan for 2024, 2025, and 2026 respectively, with corresponding net profits of 267.44 million yuan, 335 million yuan, and 413.22 million yuan [4][19]. Market Outlook - The company is well-positioned to benefit from the recovery in the semiconductor market, with a focus on expanding its market share and enhancing its overseas business [7]. - The report highlights the company's strategic partnerships with upstream wafer and packaging testing manufacturers, which help mitigate supply chain challenges and ensure capacity [4].

证券研究报告 | 公司动态点评 2024 年 06 月 13 日 普冉股份（688766.SH） | --- | --- | --- | --- | --- | --- | --- | --- | |--------------------------------------------|-------|--------|-------|-------|-------|------------------------------------------|----------| | 财务指标 | 2022A | 2023A | 2024E | 2025E | 2026E | 增持（维持评级） | | | 营业收入（百万元） | 925 | 1,127 | 1,598 | 1,995 | 2,485 | | | | 增长率 yoy （ % ） | -16.1 | 21.9 | 41.8 | 24.9 | 24.6 | 股票信息 | | | 归母净利润（百万元） | 83 | -48 | 174 | 276 | 355 | 行业 | 电子 | | 增长率 yoy （ % ） | -71.4 | -158.1 | 4 ...

经普冉半导体（上海）股份有限公司（以下简称"公司"）财务部门初步测 算，公司 2024 年 4 月至 5 月实现营业收入 33,772 万元左右，较去年同期增长 131%左右。 本公告所载公司 2024 年 4 月至 5 月主要经营数据及其他数据仅为初步核算 数据，未经注册会计师审计，仅作为阶段性财务数据供投资者参考，不能以此推 算公司第二季度及全年业绩情况，敬请广大投资者注意投资风险。 2024 年以来，随着下游市场的景气度逐渐复苏，公司产品出货量及营业收 入同比均有较大幅度提升，公司 2024 年 1 月至 5 月出货量累计约 35 亿颗，较去 年同期翻番，目前在手订单 1.7 亿元左右（含税），取得了良好的经营开局。公 司将持续加大研发投入和新产品开发力度，积极开拓市场，抓住终端业务的新兴 需求，保障研发及生产交付等进展顺利落地，延续公司业绩向好态势。 二、其他说明事项 特此公告。 证券代码：688766 证券简称：普冉股份 公告编号：2024-040 普冉半导体（上海）股份有限公司 关于 2024 年 4 月至 5 月主要经营数据的公告 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 ...

证券代码：688766 证券简称：普冉股份 普冉半导体（上海）股份有限公司 投资者关系活动记录表 （2024 年 6 月 5 日） 编号：2024-005  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  其他 序号 机构名称 姓名 1 兴全基金 谢治宇、陈泓志等 王远鸿、郭堃、汤其勇、王柄 2 长盛基金 方、杨秋鹏 3 信达电子 莫文宇、王义夫 4 南方基金 郑晓曦 5 华西基金 李健伟、吴文庆 杨谷、张伟民、左少逸、邓心 6 诺安基金 怡、李晓杰 7 中泰电子 康丽侠 8 招商基金 牛洪乾、陈西中、袁哲航等 9 国投瑞银 黄雪雨、桑俊 10 大摩 雷志勇、李子阳 参与单位 ...