Summary of Company and Industry Insights from Conference Call Company Overview - **Company**: ST Saiwei (Stock Code: 300044) - **Industry**: Semiconductor and AI Drone Technology Key Points 1. Restructuring Progress and Investment - The certainty of restructuring has significantly increased with the involvement of strong industrial and financial consortiums - On February 13, 2026, the creditors' meeting unanimously approved the selection of Shenzhen Daen Chip Storage and China Merchants Ping An Capital as restructuring investors, marking a substantial advancement in the pre-restructuring phase [1] - Daen Chip Storage has a semiconductor industry background and is leading the injection of Datang Group's chip assets, creating a closed loop in "AI + storage + automotive" industries [1] - China Merchants Ping An, a central enterprise AMC with a registered capital of 3 billion, is providing over 500 million in debt repayment funds and professional support for debt restructuring, covering approximately 700 million in debt, significantly reducing restructuring risks [1] 2. Timeline for Restructuring - A draft restructuring plan is set to be submitted by the end of March, with court rulings and annual report disclosures to proceed in April, indicating a high probability of completing the restructuring within the year [2] 3. Core Business and Technological Strengths - The company possesses deep technical barriers in its core business, particularly in military and AI drone sectors, which are currently experiencing high demand - Key self-developed technologies include drone engines, flight control systems, and AI algorithms, with over 50 patents, and a leading international technology for tethered drones capable of 72 hours of continuous flight [2] - Recent contracts include a 350 million yuan military contract for reconnaissance and transport, a fivefold increase in efficiency for power inspection, and a 40% cost reduction; also secured a contract for 100 agricultural drones with the UAE [2] - Production capacity is supported by three mass production lines, with clients including State Grid, Southern Power Grid, and CRRC Group, projecting a recovery in core business revenue to 130-150 million yuan by 2026 [2] 4. Chip Asset Injection and Earnings Potential - The first phase of chip asset injection in 2026 involves acquiring 70% equity in Hefei Datang Storage, focusing on secure storage and SSD controllers, with a net profit commitment of at least 300 million yuan from 2026 to 2028 [2] - The second phase in Q1 2027 will include the injection of automotive-grade chips from Datang NXP, with a net profit commitment of at least 450 million yuan from 2027 to 2029 [2] - The synergy between existing AI/smart city technologies and newly injected chips will create a closed loop in computing power, storage, and automotive sectors, aligning with Shenzhen's semiconductor cluster strategy [2] 5. Financial Projections - In an optimistic scenario, the core business is expected to generate 130 million yuan in revenue from drone and AI operations in 2026, with a net profit margin of 15%, contributing 20 million yuan in net profit; projected revenue of 200 million yuan and net profit of 30 million yuan in 2027 [3] - The Datang Storage asset injection is anticipated to contribute 120 million yuan in revenue and 50 million yuan in net profit in the second half of 2026, with projections of 300 million yuan in revenue and 100 million yuan in net profit in 2027, and 500 million yuan in revenue and 150 million yuan in net profit in 2028 [3] - The automotive-grade chip injection is expected to contribute 100 million yuan in net profit in 2027 and 180 million yuan in 2028 [3] 6. Investment Recommendations - The company is transitioning from the brink of delisting to a high-tech enterprise driven by "AI + chips," with a complete overhaul of its valuation system - Profit forecasts for 2026-2028 are 70 million, 230 million, and 360 million yuan, respectively, indicating a compound growth rate exceeding 100% [3] - Current market capitalization stands at 5.867 billion yuan, corresponding to a PE ratio of only 25X for 2027, significantly lower than the semiconductor industry average of 60X, indicating substantial recovery potential [3] - Key catalysts include the submission of the restructuring plan by the end of March, court acceptance in April, and the mid-2026 completion of the Datang Storage asset injection [3] 7. Risk Factors - Risks include the potential failure of the restructuring plan to gain approval from creditors or the court, asset injections falling short of expectations, and fluctuations in the semiconductor industry’s market conditions [5]

证券代码：300044 证券简称：ST赛为 公告编号：2026-013 深圳市赛为智能股份有限公司 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 特别提示： 1. 经深圳市赛为智能股份有限公司(以下简称"公司")初步测算，预计公司2025 年度期末归母净资产为-87,000 万元至-62,000 万元（未经审计）。根据《深圳证券交 易所创业板股票上市规则》第10.3.1 条第一款第(二)项规定，若公司2025 年度期末经 审计净资产为负值，在《2025 年年度报告》披露后，公司股票交易将被实施财务类退 市风险警示。 2. 根据《深圳证券交易所创业板股票上市规则（2025 年修订）》第10.4.1 条第 （九）项"法院依法受理公司重整、和解和破产清算申请"的规定，如果法院裁定受理 申请人提出的重整申请，公司股票将被叠加实施退市风险警示。 3. 根据《深圳证券交易所创业板股票上市规则（2025 年修订）》第10.4.18 条 第（八）项的规定，如果公司因重整失败而被法院裁定破产，则公司股票将面临被终止 上市的风险。敬请广大投资者注意投资风险。 敬请广大投资者充分 ...

证券代码：300044 证券简称：ST 赛为 公告编号：2026-011 深圳市赛为智能股份有限公司 第六届董事会第十七次会议决议公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚 假记载、误导性陈述或重大遗漏。 一、董事会会议召开情况 深圳市赛为智能股份有限公司（以下简称"公司"）第六届董事会第十七次 会议通知于 2026 年 3 月 2 日由董事会办公室以直接送达或通讯的方式通知全体 董事。会议于 2026 年 3 月 5 日在广东省深圳市南山区粤海街道高新区社区科苑 南路 3156 号深圳湾创新科技中心 2 栋 A 座 25 层会议室以现场与通讯相结合的方 式召开，会议应参会董事 9 人，实际参会董事 9 人。其中李家新先生、戴新民先 生、於恒强先生、杨延峰先生、汪玉冰女士以通讯方式出席，会议由董事长周起 如女士主持，全体高级管理人员列席本次会议。本次会议的通知和召开符合《中 华人民共和国公司法》及《公司章程》的有关规定。 二、董事会会议审议情况 1、审议通过了《关于聘任董事会秘书的议案》 1 证明，其已报名参加深圳证券交易所举办的上市公司董事会秘书任前培训，并承 诺将积极参加培训并 ...

证券代码：300044 证券简称：ST赛为 公告编号：2026-012 深圳市赛为智能股份有限公司 关于聘任董事会秘书的公告 联系地址:广东省深圳市南山区粤海街道高新区社区科苑南路3156号深圳湾创新科 技中心2 栋A 座25 层 电话:0755-86169980 传真:0755-86169393 电子邮箱: zhaoyu@sz-sunwin.com 1 特此公告。 深圳市赛为智能股份有限公司 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 深圳市赛为智能股份有限公司(以下简称"公司")于2026 年3 月5 日召开第六届 董事会第十七次会议，审议通过了《关于聘任董事会秘书的议案》。经公司董事长周起 如女士提名，董事会提名委员会任职资格审查通过，董事会同意聘任公司董事、副总经 理赵瑜女士为公司董事会秘书（简历详见附件），任期自董事会选举通过之日起至第六 届董事会届满。赵瑜女士被聘为公司董事会秘书后，董事长周起如女士将不再代行公司 董事会秘书职责。 赵瑜女士具备履行董事会秘书职责所必需的专业知识、工作经验及相关素质，能够 胜任相关岗位职责的要求，其任职资格符合《 ...

证券代码：300044 证券简称：ST赛为 公告编号：2026-010 一、 公司股票交易可能被实施财务类退市风险警示的情况说明 深圳市赛为智能股份有限公司 经公司财务部门初步测算，预计公司 2025 年度期末归母净资产为-87,000 万元至-62,000 万元（未经审计）。根据《深圳证券交易所创业板股票上市规则 （2025 年修订）》第 10.3.1 条第一款第二项的规定，上市公司出现"最近一个 关于公司股票交易可能被实施退市风险警示的 第二次风险提示性公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 特别提示： 1. 经深圳市赛为智能股份有限公司(以下简称"公司")初步测算，预计公司2025 年度期末归母净资产为-87,000 万元至-62,000 万元（未经审计）。根据《深圳证券交 易所创业板股票上市规则》第10.3.1 条第一款第(二)项规定，若公司2025 年度期末经 审计净资产为负值，在《2025 年年度报告》披露后，公司股票交易将被实施财务类退 市风险警示。 2. 根据《深圳证券交易所创业板股票上市规则（2025 年修订）》第 10.4.1 ...

证券代码：300044 证券简称：ST赛为 公告编号：2026-009 深圳市赛为智能股份有限公司 《关于选定重整投资人的债权人会议决议暨公司预重整进展的公告》 的更新公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 深圳市赛为智能股份有限公司（以下简称"公司"或"赛为智能"）于 2026 年 2 月 13 日在指定信息披露媒体发布了《关于选定重整投资人的债权人会议决 议暨公司预重整进展的公告》(公告编号:2026-008)。经公司事后自查，现对相 关内容更新如下： 一、更新内容 更新前： 2026 年 1 月 29 日，公司披露了《关于召开债权人会议选定重整投资人的通 知暨预重整进展公告》（公告编号：2026-007）。为尽快遴选出重整投资人参与 赛为智能的预重整/重整程序，最大程度维护全体债权人及各方利益，预重整管 理人在报告深圳中院同意后，根据最高人民法院关于适用《中华人民共和国企业 破产法》相关规定，于 2026 年 2 月 13 日以书面方式召开赛为智能预重整案债权 人 会 议 以 选 定 重 整 投 资 人 。 上 述 具 体 内 容 详 见 ...

证券代码：300044 证券简称：ST赛为 公告编号：2026-008 深圳市赛为智能股份有限公司 关于选定重整投资人的债权人会议决议 暨公司预重整进展的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 特别提示： 1、截至本公告披露日，本次预重整投资人虽已经确定，但预重整投资协议 的具体条款尚未确定，公司与最终中选的预重整投资人能否就预重整投资协议 具体内容达成一致及能否签订正式的预重整投资协议尚存在不确定性。 2、虽然深圳中院裁定公司进入预重整程序，但不代表公司进入重整程序， 预重整为法院正式受理重整前的程序，公司预重整能否成功存在不确定性。如 果公司预重整成功，法院将依法审查是否受理重整申请，公司能否进入重整程 序尚存在不确定性。无论公司是否能进入重整程序，公司都将在现有基础上积 极做好日常生产经营管理工作。敬请广大投资者谨慎投资，注意投资风险。 4、公司持续经营能力存在不确定性 中审亚太会计师事务所（特殊普通合伙）出具了带持续经营重大不确定性段 落的保留意见的《2024 年度审计报告》。根据《深圳证券交易所创业板股票上 市规则》第 9.4 条第六项 ...

Core Viewpoint - ST Saiwei (300044) has experienced significant stock price volatility recently, with a year-to-date increase of 85.71% and a total trading volume of approximately 8.293 billion yuan over the past seven trading days [1] Stock Performance - The stock price of ST Saiwei showed notable fluctuations from February 6 to February 13, 2026, closing at 7.41 yuan on February 13, with a 6.93% increase over the last five days and an 85.71% rise year-to-date [1] - The stock exhibited high trading activity, with a turnover rate of 12.54% on February 9, reflecting strong market interest [1] - Technical indicators suggest a recent breakout above the upper Bollinger Band, with the MACD indicator maintaining a bullish trend; however, the KDJ value is in the overbought zone, indicating potential short-term volatility risks [1] Recent Events - There have been no new significant announcements from ST Saiwei recently, but prior events continue to impact the stock price [1] - On January 29, the company faced market skepticism due to a limited 18-day recruitment process for restructuring investors, which was questioned by creditors regarding its fairness [1] - On January 20, the company announced an expected negative net asset value for 2025, raising concerns about potential delisting risks [1]

Group 1 - The company ST Saiwei (300044.SZ) has stated on its interactive platform that it is currently not involved in automotive L3 or higher-level autonomous driving business [1]

Group 1: Robotics Sector - The robotics concept stocks experienced a significant surge, with Tianqi Co., Ltd. (002009) and Baida Precision Engineering (603331) hitting the daily limit up, while Ruixin Technology and ST Saiwei rose over 11% [1][2] - Notable stocks in the robotics sector included: - Sikan Technology (688583) with a 20% increase - Ruixin Technology (300828) up by 11.13% - ST Saiwei (300044) rising by 11.07% - Oke Yi (688308) increasing by 10.28% - Changfei Optical Fiber (601869) and Tianqi Co., Ltd. both up by 10% [2] Group 2: Robotics Innovation Center - On January 29, the Beijing Humanoid Robot Innovation Center's pilot verification platform was officially launched, marking the first humanoid robot pilot verification platform in Beijing [3] - The platform includes small-batch production lines and testing laboratories, capable of providing comprehensive pilot services from core components to complete machines, with a production capacity of 5,000 humanoid robots annually [3] Group 3: Paper Industry - The paper sector also saw gains, with Yueyang Forest Paper hitting the daily limit up, while other stocks like Songyang Resources, Minshida, and Hengda New Materials followed suit [3][4] - Key performers in the paper industry included: - Yueyang Forest Paper (600963) with a 10.04% increase - Songyang Resources (603863) up by 9.44% - Minshida (920394) rising by 6.91% [4]