证券代码：300327 证券简称：中颖电子 公告编号：2025-026 中颖电子股份有限公司 第五届董事会第十八次会议决议公告 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。 中颖电子股份有限公司（以下简称"公司"）第五届董事会第十八次会议通 知于 2025 年 5 月 29 日以电子邮件方式发出，会议于 2025 年 6 月 5 日上午以电 话会议方式召开。本次会议应到董事 9 人，实到董事 9 人。本次会议的召集召开 程序符合《公司法》和《公司章程》的有关规定。本次会议由董事长傅启明先生 主持，与会董事对议案进行了审议，形成如下决议： 一、 审议通过《关于为全资子公司提供担保的议案》 为了支持全资子公司合肥中颖电子有限公司（以下简称"合肥中颖"）的业 务发展，提升公司整体效益，公司同意拟以上限 1,300 万人民币为资产负债率低 于 70%合肥中颖提供连带责任保证担保，占公司最近一期经审计合并报表净资产 的比例为 0.75%。 具体内容详见中国证监会指定信息披露网站。 表决结果： 9 票同意， 0 票反对， 0 票弃权 特此公告 中颖电子股份有限公司 董事 ...

证券代码：300327 证券简称：中颖电子 公告编号：2025-027 中颖电子股份有限公司 关于为全资子公司提供担保的公告 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、担保情况概述 中颖电子股份有限公司（以下简称"公司"）于2025年6月5日召开的第五届 董事会第十八次会议审议通过了《关于为全资子公司提供担保的议案》。为了支 持全资子公司合肥中颖电子有限公司（以下简称"合肥中颖"）的业务发展，提 升公司整体效益，公司同意拟以上限1,300万人民币为资产负债率低于70%的合肥 中颖提供连带责任保证担保，占公司最近一期经审计合并报表净资产的比例为 0.75%。 按照《公司章程》等相关规定，本次担保事项在董事会权限范围之内，无需 提交股东大会审议。 二、被担保人基本情况 1、名称：合肥中颖电子有限公司 2、统一社会信用代码：91340100MA2UD9WH6B 3、成立日期：2019年12月11日 4、注册地址：合肥市高新区创新大道2800号集成电路专业孵化器 F1-1301/1309 室 5、法定代表人：宋永皓 6、注册资本：人民币8,000万元 7、经 ...

Core Viewpoint - The company is actively managing its operations and exploring growth opportunities despite challenges in the semiconductor industry and competitive pressures. Group 1: Company Performance and Market Position - As of May 30, 2025, the company's stock closed at 20.69 yuan, down 2.64%, with a turnover rate of 1.34% and a trading volume of 45,700 shares, amounting to a transaction value of 95 million yuan [1] - The company maintains a stable operation with its main products gaining market recognition, and it continues to invest in research and development across various technology areas [4] Group 2: Investor Relations and Communication - The company emphasizes the importance of investor relations management, engaging with investors through various channels such as phone calls, Q&A sessions, and performance briefings [3] - The company plans to implement annual profit distribution within two months following the shareholders' meeting, as per regulations [2] Group 3: Strategic Initiatives and Future Outlook - The company is focused on enhancing its competitive edge through increased R&D investment and innovation, particularly in areas like WIFI/BLE-MCU, motor control, lithium battery management, automotive MCU, and AMOLED display driver chips [4] - The company is evaluating potential acquisition targets that align with its growth strategy, although specific details on ongoing discussions have not been disclosed [3]

证券代码：300327 证券简称：中颖电子 公告编号：2025-024 中颖电子股份有限公司 2024 年年度股东大会决议公告 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。 特别提示： 1、本次股东大会无变更、否决议案，或涉及变更前次股东大会决议的情况。 2、本次股东大会采取现场投票、网络投票相结合的方式召开。 3、为尊重中小投资者利益，提高中小投资者对公司股东大会决议的参与度， 本次股东大会对中小投资者进行单独计票，中小投资者指除公司董事、监事、高 级管理人员以及单独或者合计持有上市公司 5%以上股份股东以外的其他股东。 一、会议召开情况 中颖电子股份有限公司（以下简称"公司"）董事会于 2025 年 4 月 24 日以 公告的形式通知召开 2024 年年度股东大会，并于 2025 年 5 月 16 日发布了《关 于召开 2024 年年度股东大会的提示性公告》。本次会议采用现场投票、网络投 票相结合的方式召开。 1、 会议召开时间 2025年5月19日的交易时间，即9:15-9:25，9:30-11:30，13:00-15:00； ② 通过深圳证券交易所互 ...

的 法律意见书 上海市锦天城律师事务所 关于 中颖电子股份有限公司 2024 年年度股东大会 上海市锦天城律师事务所 地址：上海市浦东新区银城中路 501 号上海中心大厦 9、11、12 楼 电话：021-20511000 传真：021-20511999 邮编：200120 上海市锦天城律师事务所 法律意见书 上海市锦天城律师事务所 关于中颖电子股份有限公司 2024 年年度 股东大会的法律意见书 致：中颖电子股份有限公司 上海市锦天城律师事务所（以下简称"本所"）接受中颖电子股份有限公司 （以下简称"公司"）委托，就公司召开 2024 年年度股东大会的有关事宜，根 据《中华人民共和国公司法》（以下简称《公司法》）、《上市公司股东会规则》 等法律、法规和其他规范性文件以及《中颖电子股份有限公司章程》（以下简称 《公司章程》）的有关规定，出具本法律意见书。 为出具本法律意见书，本所律师对本次股东大会所涉及的相关事项进行了必 要的核查和验证，审查了本所律师认为出具该法律意见书所需审查的相关文件、 资料，并参加了公司本次股东大会的全过程。 鉴此，本所律师根据上述法律、法规及规范性文件的要求，按照律师行业公 认的业务 ...

2025 年 5 月 19 日，中颖电子股份有限公司（以下简称"公司"）召开 2024 年 年度股东大会，审议通过了《关于拟回购注销 2020 年限制性股票激励计划部分限 制性股票的议案》（第五届董事会第十六次会议审议通过）。 公司 2020 年限制性股票激励计划首次授予的部分激励对象因个人原因离职，根 据相关规定，公司对其持有的尚未解锁的限制性股票 19,057 股进行回购注销。 上述内容详见 2025 年 3 月 29 日刊登在中国证监会指定信息披露网站上的《关 于拟回购注销 2020 年限制性股票激励计划部分限制性股票的公告》（公告编号： 2025-010）。 证券代码：300327 证券简称：中颖电子 公告编号：2025-025 中颖电子股份有限公司 关于回购注销 2020 年限制性股票激励计划 所涉及部分限制性股票暨减资的债权人公告 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。 本次回购注销部分限制性股票将涉及公司注册资本减少，公司注册资本将由 341,389,229 元减至 341,370,172 元。根据《中华人民共和国公司法》等相关法律、 ...

证券代码：300327 证券简称：中颖电子 公告编号：2025-023 中颖电子股份有限公司 关于召开 2024 年年度股东大会的提示性公告 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。 中颖电子股份有限公司（以下简称 "公司"）于 2025 年 4 月 24 日在中国证 监会指定信息披露网站披露了《关于召开 2024 年年度股东大会的通知》（公告编 号：2025-022），公司将于 2025 年 5 月 19 日（星期一）下午 14:30 召开 2024 年年度股东大会。本次股东大会将采取现场投票和网络投票相结合的方式召开， 根据相关规定，现将有关事项再次提示如下： 一、召开会议的基本情况 1、股东大会届次：2024 年年度股东大会； 2、股东大会的召集人：公司董事会； 3、会议召开的合法、合规性：公司第五届董事会第十六次会议审议通过了 《提议召开2024年年度股东大会的议案》，本次股东大会会议的召开、召集程序 符合有关法律、行政法规、部门规章、规范性文件和公司章程等的规定； 4、会议召开的日期、时间： （1）现场会议时间：2025年5月19日（星期一）下 ...

Investment Rating - The report maintains a "Buy-A" investment rating for the company, with a target price of 27.4 CNY for the next six months [5][3]. Core Views - The company is expected to benefit from a recovery in demand and expansion into new product categories, particularly in the industrial MCU and battery management IC sectors [2][3]. - The company has a strong focus on R&D, with an investment of 300 million CNY in 2024 and 78 million CNY in Q1 2025, which supports its competitive positioning in various markets [1][3]. - Revenue projections for 2025 to 2027 are estimated at 1.558 billion CNY, 1.808 billion CNY, and 2.079 billion CNY, respectively, with net profits expected to be 162 million CNY, 262 million CNY, and 316 million CNY [3][9]. Summary by Sections Financial Performance - In Q1 2025, the company achieved revenue of 319 million CNY, a year-on-year increase of 0.05%, but net profit decreased by 50.08% to 16 million CNY, with a gross margin of 32.09% [1]. - The company’s main revenue sources include industrial MCUs (approximately 60%) and battery management ICs (around 30%) [2]. Market Position and Product Development - The company is a leading player in the domestic home appliance MCU market and is actively expanding into automotive MCUs and other product categories [3]. - The AMOLED display driver market is projected to grow significantly, with global shipments expected to exceed 840 million units in 2024, representing a nearly 25% year-on-year increase [2]. Future Outlook - The company is well-positioned to capitalize on the recovery in demand and the expansion of its product offerings, particularly in the battery management and AMOLED sectors [3]. - The report anticipates a continuous increase in revenue contribution from the AMOLED segment as the company strengthens its competitive edge [3].

Investment Rating - The report maintains a "Buy" rating for the company with a target price of 26.00 RMB [7][4]. Core Views - The company reported a revenue of 319 million RMB in Q1 2025, showing a year-over-year growth of 0.05% but a quarter-over-quarter decline of 12.81%. The net profit attributable to the parent company was 16 million RMB, down 50.08% year-over-year and 64.77% quarter-over-quarter [1][2]. - The decline in net profit is attributed to increased depreciation expenses from the Hefei second headquarters, a reduction in VAT credits, and a drop in gross margin by 1.77 percentage points to 32.09% [1][2]. - Despite current pressures from market competition and product price reductions, the company is expected to gradually recover, aided by new product introductions and collaborations with downstream manufacturers due to U.S. tariff policies [1][4]. Summary by Sections Q1 2025 Review - The company's home appliance business continues to perform well, with a steady increase in market share. The WiFi/BLE Combo MCU launched at the end of 2024 is entering the market promotion phase, with mass production expected by the end of this year [2]. - The lithium battery management chips performed well in the power sector but saw significant declines in the mobile phone segment due to seasonal demand and customer model mix [2]. - The revenue from AMOLED display driver chips also experienced a slight decline due to market demand [2]. - The company has managed to reduce inventory, with a total inventory amount of 591 million RMB at the end of Q1, down 23 million RMB from the end of 2024 [2]. 2025 Outlook - The report anticipates that while downstream demand is entering a peak season, the recovery of gross margins will take time, particularly for AMOLED display driver chips [3]. - The company plans to enhance inventory management to achieve a turnover level of 4 to 5 months by the end of the year [3]. - Current tariff policies are expected to strengthen the company's domestic replacement advantages, and the company is expanding its coverage in downstream sectors, including AI and robotics [3]. Financial Forecasts - The company is projected to gradually recover from its low point, with estimated profits of 178 million RMB, 267 million RMB, and 346 million RMB for 2025, 2026, and 2027 respectively [4][6]. - The report provides a target price of 26.00 RMB based on a 50x P/E ratio for 2025, which is slightly below the industry average of 54x [4][6].

Investment Rating - The investment rating for the company is "Buy" and is maintained [1] Core Views - The company reported a revenue of 1.343 billion yuan in 2024, representing a year-on-year growth of 3.32%, while the net profit attributable to shareholders decreased by 28.01% to 134 million yuan [5] - The market is beginning to recover due to consumer stimulus policies, low initial inventory from clients, and the resumption of the export market, although product prices are declining due to intense competition [6] - The company is increasing its R&D investment, which reached 300 million yuan in 2024, accounting for 22.35% of its revenue, focusing on smart home appliance chips, variable frequency motor control, battery management chips, OLED display driver chips, and automotive electronics chips [7] - The company is expected to achieve revenues of 1.55 billion, 1.82 billion, and 2.00 billion yuan in 2025, 2026, and 2027 respectively, with net profits of 150 million, 204 million, and 250 million yuan [8] Company Overview - The latest closing price of the company's stock is 23.64 yuan, with a total market capitalization of 8.1 billion yuan [3] - The company has a total share capital of 341 million shares, with a debt-to-asset ratio of 21.1% and a price-to-earnings ratio of 60.24 [3]