中颖电子股份有限公司 会计师事务所选聘制度 中颖电子股份有限公司 会计师事务所选聘制度 第一章 总则 第一条 为规范中颖电子股份有限公司（以下简称"公司"）选聘（含续聘、 改聘，下同）会计师事务所相关行为，提高财务信息质量，切实维护股东利益， 根据《中华人民共和国公司法》《中华人民共和国证券法》《国有企业、上市 公司选聘会计师事务所管理办法》等法律、行政法规、部门规章及《中颖电子 股份有限公司章程》（以下简称"《公司章程》"）的相关规定，结合公司实 际情况，制定本制度。 第二条 本制度所称选聘会计师事务所，是指公司根据相关法律法规要求， 聘任会计师事务所对公司财务会计报告发表审计意见、出具审计报告的行为。 公司聘任会计师事务所从事除财务会计报告审计之外的其他法定审计业务的， 需综合考虑服务质量和成本效益，并视重要性程度参照本制度执行。 第三条 公司选聘会计师事务所应经董事会审计委员会（以下简称"审计委 员会"）审议通过后，提交董事会审议，并由股东会决定。公司不得在董事会、 股东会审议决定前聘请会计师事务所开展审计业务。 第四条 公司控股股东、实际控制人不得在公司董事会、股东会审议前，向 公司指定会计师事务所， ...

证券代码：300327 证券简称：中颖电子 公告编号：2024-020 中颖电子股份有限公司 与会董事审议认为，公司《2024 年第一季度报告》的编制程序及内容格式 符合中国证监会、深圳证券交易所以及相关法律、法规的规定，报告内容真实、 准确、完整地反映了公司 2024 年第一季度实际经营情况，不存在任何虚假记载、 误导性陈述或重大遗漏。 本议案已经董事会审计委员会审议通过。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。 二、 审议通过了《关于制定公司<会计师事务所选聘制度>的议案》 为规范公司选聘（含续聘、改聘）会计师事务所相关行为，提高财务信息质 量，切实维护股东利益，根据《公司法》《证券法》《国有企业、上市公司选聘会 计师事务所管理办法》等法律、行政法规、部门规章及《公司章程》的相关规定， 结合公司实际情况，制定本制度。 第五届董事会第十一次会议决议公告 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。 2024 年 4 月 23 日，中颖电子股份有限公司（以下简称"公司"）第五届董 事会第十一次会议（以 ...

我们作为公司的监事，认真审核了公司提供的《2024 年第一季度报告》，发 表书面审核意见如下： 董事会编制和审核公司 2024 年第一季度报告的程序符合法律、行政法规和 中国证监会的规定，报告内容真实、准确、完整地反映了公司 2024 年第一季度 的实际情况，不存在任何虚假记载、误导性陈述或者重大遗漏。 表决结果： 3 票同意， 0 票反对， 0 票弃权。 证券代码：300327 证券简称：中颖电子 公告编号：2024-021 中颖电子股份有限公司 第五届监事会第九次会议决议公告 本公司及监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。 2024 年 4 月 23 日，中颖电子股份有限公司（以下简称"公司"）第五届监 事会第九次会议（以下简称"本次会议"）在公司会议室以现场及通讯相结合的 方式召开，2024 年 4 月 2 日，会议通知以电子邮件、电话等方式传达各位监事。 本次会议应出席监事 3 人，实际出席监事 3 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。会议由监事会主席荣莉女士主持，与会监事 以记名投票方式审议通过了以下议案： 一、 审议 ...

证券代码：300327 证券简称：中颖电子 公告编号：2024-017 中颖电子股份有限公司 关于购买理财产品的进展公告 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。 中颖电子股份有限公司（以下简称"公司"）于 2023 年 3 月 28 日第五届董 事会第三次会议及 2023 年 5 月 23 日的 2022 年年度股东大会，审议通过了《关 于延长使用闲置自有资金购买理财产品投资期限的议案》，为提高理财产品选择 的灵活性以及资金使用效率，结合公司未来经营的资金安排，保持公司及子公司 使用自有闲置资金购买理财产品的金额及投资范围不变并相应延长投资期限，即 任一时点加总的理财产品总金额不超过 80,000 万元闲置自有资金进行现金管理， 购买银行或证监会公布按《证券公司分类监管规定》评级 A 级以上的证券公司发 行的期限不超过 12 个月的低风险理财产品（银行风险等级 R1 或同级的产品）， 在上述额度内，资金可以滚动使用。投资期限自获股东大会审议通过之日起 42 个月内有效。 现就近期公司购买理财产品的相关事宜公告如下： | 投资主体 | 受托人名称 | 关 ...

| --- | --- | --- | --- | --- | --- | |---------------------------------|--------|--------|--------|--------|-------| | | | | | | | | 年结日： 12 月 31 日 | 2022 | 2023 | 2024E | 2025E | 2026E | | 主营收入 ( 人民币 百万 ) | 1,602 | 1,300 | 1,524 | 1,683 | 1,848 | | 增长率 (%) | 7.2 | (18.8) | 17.2 | 10.5 | 9.8 | | EBITDA( 人民币 百万 ) | 348 | 60 | 222 | 295 | 369 | | 归母净利润 ( 人民币 百万 ) | 323 | 186 | 212 | 263 | 277 | | 增长率 (%) | (12.9) | (42.3) | 13.7 | 24.0 | 5.3 | | 最新股本摊薄每股收益 ( 人民币 ) | 0.94 | 0.54 | 0.62 | 0.77 | 0.81 | | 原先预测摊 ...

Investment Rating - The report maintains a rating of "Accumulate" for the company [4][7]. Core Views - The company achieved a year-on-year revenue growth of 9% in Q4 2023, marking its first quarterly revenue increase in 2023 despite facing challenges from industry price wars and high costs [7]. - The company’s total revenue for 2023 was 1.3 billion RMB, a decrease of 19% year-on-year, with a gross margin of 35.6%, down 10.2 percentage points [7]. - New product developments are expected to help the company recover from its low performance, with several new products either launched or in the pipeline [7]. Summary by Sections Financial Performance - In Q4 2023, the company reported revenue of 378 million RMB, a quarter-on-quarter increase of 28% and a year-on-year increase of 9% [7]. - The net profit for Q4 2023 was 87 million RMB, showing a quarter-on-quarter increase of 522% and a year-on-year increase of 600% [7]. - The company’s total chip sales reached 810 million units in 2023, a 14% year-on-year increase [7]. Revenue Breakdown - The revenue from industrial control ICs was 1.012 billion RMB, down 14% year-on-year, while revenue from consumer electronics ICs was 286 million RMB, down 33% year-on-year [7]. - The company faced significant pressure in the consumer electronics segment due to price wars and high procurement costs [7]. Product Development - The company launched its first automotive-grade MCU, which has passed AECQ100 certification, and is in the process of developing additional products for various markets [7]. - The resolution of previous product quality disputes with upstream suppliers allows the company to focus on growth without the burden of past issues [7]. Valuation - The estimated EPS for 2024, 2025, and 2026 is projected to be 0.62 RMB, 0.77 RMB, and 0.81 RMB respectively [7]. - As of April 3, 2024, the company's market capitalization was 7.2 billion RMB, corresponding to PE ratios of 34.0, 27.4, and 26.0 for the years 2024, 2025, and 2026 respectively [7].

2024 年 4 月 8 日 公司研究 订单逐步复苏，产品放量贡献增量 ——中颖电子（300327.SZ）跟踪报告之五 智能家电+手机订单复苏，高存货有望逐步消化：公司主要产品线为工规级的微 控制芯片及 AMOLED 显示驱动芯片，其中 2023 年 AMOLED 显示驱动芯片的销 售额下滑超过 30%，其他产品线的下滑幅度相对较小。2023 年由于客户库存水 位较高，导致上半年订单较少，下半年逐步回暖。随着终端生产商的芯片库存周 期逐步结束，整体芯片产业有望迎来需求复苏。在智能家电芯片市场，客户海外 订单自 23Q4 起复苏。此外，应用于手机的锂电池管理芯片于 23Q4 出现旺季效 应，AI 计算机和 AI 手机带动的换机需求有望为锂电池电源管理芯片带来增量， AMOLED 显示屏驱动芯片需求也将增加。公司 2023 年存货处于相对高位，截至 23 年末，公司存货为 7.10 亿元，较 22 年末增长 1.53 亿元，但较 23Q3 已初见 下滑。随着公司供应链管理策略的实施，存货水平有望在 2024 年进一步下滑。 买入（维持） 021-52523813 huangxiaoqian@ebscn.com 要 ...

[ T able_StockInfo] 2024 年 03 月 31 日 证券研究报告•2023 年年报点评 买入 （首次） 当前价：17.65 元 中颖电子（300327）电子 目标价：23.45 元（6 个月） 消费需求有望延续，持续拓宽产品线广度 | --- | --- | --- | --- | --- | |----------------------------------|---------|---------------------------------|--------|--------| | 研发不及预期等风险。 | | | | | | [Table_MainProfit] 指标 / 年度 | 2023A | 2024E | 2025E | 2026E | | 营业收入（百万元） | | 1300.23 1628.16 2065.92 2422.74 | | | | 增长率 | -18.83% | 25.22% | 26.89% | 17.27% | | 归属母公司净利润（百万元） | | 186.31 228.62 369.39 446.86 | | | | 增长率 | -42.32% ...

Financial Performance - The company's operating revenue for 2023 was CNY 1,300,231,731.10, a decrease of 18.83% compared to CNY 1,601,894,105.25 in 2022[18]. - The net profit attributable to shareholders for 2023 was CNY 186,306,896.48, down 42.32% from CNY 322,999,516.38 in the previous year[18]. - The net profit after deducting non-recurring gains and losses was CNY 103,721,033.38, a significant decline of 70.00% from CNY 345,779,026.48 in 2022[18]. - The basic earnings per share for 2023 was CNY 0.5471, reflecting a decrease of 42.54% compared to CNY 0.9521 in 2022[18]. - The total assets at the end of 2023 amounted to CNY 2,183,027,380.12, an increase of 10.38% from CNY 1,977,670,056.23 at the end of 2022[18]. - The net assets attributable to shareholders increased by 12.80% to CNY 1,669,591,688.96 from CNY 1,480,142,555.07 in 2022[18]. - The company reported a net cash flow from operating activities of CNY -29,700,624.90, a decline of 948.26% compared to CNY 3,501,365.76 in 2022[18]. - The weighted average return on equity for 2023 was 11.66%, down from 22.99% in the previous year, indicating a decrease of 11.33%[18]. Quarterly Performance - In Q1 2023, the company's operating revenue was approximately $288.96 million, with a net profit attributable to shareholders of about $34.18 million[20]. - The company's operating revenue in Q2 2023 increased to approximately $339.74 million, with net profit rising to about $51.44 million[20]. - In Q3 2023, the operating revenue decreased to approximately $294.01 million, while net profit dropped to about $13.94 million[20]. - By Q4 2023, the operating revenue rebounded to approximately $377.52 million, with net profit significantly increasing to about $86.74 million[20]. - The net cash flow from operating activities improved from a negative $51.21 million in Q1 to a positive $15.68 million in Q4 2023[20]. Research and Development - The company maintains a strong focus on R&D, with R&D expenses amounting to 318 million RMB, representing 24.5% of total revenue[34]. - The company is actively developing new products, including WiFi/BLE Combo MCU, to align with industry trends towards smart and energy-efficient appliances[32]. - R&D investment reached CNY 318 million, accounting for 24.5% of revenue, focusing on smart home chips, motor control, battery management, OLED display drivers, and automotive electronics[45]. - The company has filed 13 new patents during the reporting period, bringing the total to 127 effective patents[69]. - The main R&D expenditures included ¥8,045,000 for OLED display drivers (25.29%), ¥7,772,000 for lithium battery management (24.42%), and ¥7,087,000 for home appliance control chips (22.27%)[70]. Market and Industry Outlook - The domestic integrated circuit design industry is projected to grow by 8% in 2023, with an estimated sales revenue of approximately $825 billion[28]. - The global semiconductor market is expected to decline by 9.4% in 2023 but is forecasted to rebound with a growth of 13.1% in 2024[29]. - The company anticipates a recovery in the semiconductor industry cycle in 2024, with a reduction in inventory levels expected to alleviate operational risks[39]. - The company aims to leverage domestic market opportunities and accelerate overseas market expansion while focusing on high-quality, differentiated products[41]. Governance and Management - The company has a governance structure in place with a board of directors and supervisory board members actively involved in management[122]. - The board of directors consists of 9 members, including 3 independent directors, ensuring compliance with legal and regulatory requirements[102]. - The company has established specialized committees within the board, including an audit committee and a remuneration and assessment committee, to enhance governance and decision-making[103]. - The company actively participates in training programs to ensure that board members are familiar with relevant laws and regulations[103]. - The company has revised its governance documents, including the rules for board meetings and independent director work systems, to improve operational standards[101]. Shareholder Engagement - The company conducted multiple investor relations activities, including in-person meetings and online performance briefings, throughout 2023 to discuss operational performance with analysts and investors[97][98]. - The company published 104 announcement documents and responded to 240 investor inquiries on the interactive platform with a response rate of 96%[111]. - The annual shareholders' meeting on May 23, 2023, had an investor participation rate of 40.80%[117]. - The company is committed to maintaining independent operations in business, assets, personnel, and finance, ensuring no conflicts with controlling shareholders[114]. Social Responsibility - The company donated CNY 93,400 to improve classroom lighting in 7 schools in Yunnan, enhancing the learning environment for students[172]. - Employees purchased 600 kg of organic red rice from Yunnan, totaling 3,373 kg over five years, supporting local farmers[172]. - The company raised CNY 160,000 to assist 80 university students from underprivileged families[173]. - The company actively participated in 98 volunteer activities in the community, demonstrating social responsibility[171]. Risks and Challenges - The company faces risks in new product development due to long development cycles and potential misjudgments in market demand, which could lead to ineffective cost recovery[92]. - Market risks include the potential for rapid product obsolescence due to emerging technologies and competition, which could impact profitability[95]. - Supply chain risks are present due to the cyclical nature of the semiconductor industry and reliance on a limited number of wafer foundry partners, which may lead to capacity constraints[96]. Inventory and Cash Flow Management - The company plans to reduce its high inventory levels in 2023, which have added operational risks and cash flow pressure, with expectations for effective inventory reduction in 2024[90]. - The significant difference between cash net flow from operating activities and net profit for the year was mainly due to increased inventory[75]. - The company aims to reduce inventory levels as part of its operational strategy[140].

证券代码：300327 证券简称：中颖电子 中颖电子股份有限公司投资者关系活动记录表 编号 2024-002 | □ | 特定对象调研 □ 分析师会议 | | --- | --- | | □ 投资者来访类 | 媒体采访 √ 业绩说明会 | | □ 别 | 新闻发布会 □ 路演活动 | | □ | 现场参观 | | □ | 其他 （请文字说明其他活动内容） | | 参与单位名称 | 投资者网上提问 | | 及人员姓名 | | | 时间 | 2024 年 4 月 2 日 (周二) 下午 15:00~17:00 | | 地点 | 公司通过全景网"投资者关系互动平台"（https://ir.p5w.net）采用网络远 | | | 程的方式召开业绩说明会 | | 上市公司接待 人员姓名 | 1、董事长傅启明 | | | 2、董秘、财务总监潘一德 | | | 3、独立董事张兰丁 | | | 公司就投资者在本次说明会中提出的问题进行了回复： | | | 1、请问贵公司国内/国外的竞争对手有哪些？贵公司相对有什么优势和劣 势？ | | | 您好，请参见 2023 年年报第 12 页。 | | | 2、您好，公司面对目前 MC ...