广东信达律师事务所 股东大会法律意见书 中国深圳福田区益田路6001号太平金融大厦11、12层 邮政编码：518038 11&12/F, TaiPing Finance Tower, 6001 Yitian Road, Futian District, SHENZHEN, CHINA 电话(Tel.)：(86 755)88265288 传真(Fax.)：(86 755)88265537 电子邮件(Email)：info@sundiallawfirm.com 网址(Website)：www.sundiallawfirm.com 关于珠海全志科技股份有限公司 2023年度股东大会的 法律意见书 信达会字[2024]第076号 致：珠海全志科技股份有限公司 广东信达律师事务所（以下简称"信达"）接受珠海全志科技股份有限公司（以 下简称"公司"）委托，指派信达律师出席公司2023年度股东大会（以下简称"本次 股东大会"），对本次股东大会的合法性进行见证，并出具本《广东信达律师事 务所关于珠海全志科技股份有限公司2023年度股东大会的法律意见书》（以下简 称"《股东大会法律意见书》"）。 本《股东大会法律意见书》系根据 ...

Investment Rating - The investment rating for the company is maintained at Buy-B [2] Core Views - The company is expected to turn a profit in Q1 2024, with a projected net profit of 42 million to 55 million yuan, compared to a loss of 41.46 million yuan in the same period last year [2] - Revenue for Q1 2024 is anticipated to exceed 406 million yuan, reflecting a year-on-year growth of over 70% [2] - The recovery in demand and platform upgrades are seen as key drivers for the company's growth [2] Financial Performance Summary - Revenue (in million yuan): - 2022A: 1,514 - 2023A: 1,673 - 2024E: 2,279 (YoY growth of 36.2%) - 2025E: 2,844 - 2026E: 3,515 [5] - Net Profit (in million yuan): - 2022A: 211 - 2023A: 23 - 2024E: 180 (YoY growth of 685.1%) - 2025E: 371 - 2026E: 547 [5] - Gross Margin: - 2022A: 38.3% - 2023A: 32.4% - 2024E: 34.0% - 2025E: 37.0% - 2026E: 38.0% [5] Growth Drivers - The company is benefiting from the recovery in downstream demand, particularly in sectors like cleaning robots, industrial applications, and automotive, as well as the trend of domestic chip substitution [2] - The company has invested in advanced process chip research and development, leading to improved performance and reduced power consumption [2] - The upgrade of product platforms is expected to drive continuous revenue growth [2]

投资者关系活动记录表 证券代码：300458 证券简称：全志科技 珠海全志科技股份有限公司 | 新产品、新方案的研发。具体研发项目和成果，请留意年报的相关章节 | | --- | | 内容。 | | 4.问：全志科技 2023 年度实现了营业收入的增长，请问主要原因是 | | 什么？这种增长是否具有持续性，公司有哪些策略来保持这一趋势？ | | 答：您好！公司坚持在新技术、新芯片、新应用上持续高强度投入， | | 公司推出一系列新芯片产品及解决方案，拓展了公司的应用版图，带动 | | 了营业收入增长。公司将把握行业发展机会，提升经营业绩。 | | 5.问：公司在研发方面的投入策略是什么？是否有计划推出创新产 | | 品或技术，以提升市场竞争力？ | | 答：您好：我们将围绕公司主营业务和核心技术方面持续坚定投入， | | 并通过技术创新提升产品竞争力。 | | 6.问：公司积极拓展产品在工业、汽车、消费等应用领域的落地， | | 请问在这些领域的具体战略是什么？是否有新的产品或技术即将推出？ | | 答：您好！公司会持续围绕这些领域的核心技术和主流产品进行技 | | 术创新与产品升级，以满足各领域产品不断发展 ...

Investment Rating - The investment rating for the company has been upgraded from "Hold-B" to "Buy-B" [2][8] Core Insights - The company is expected to achieve revenue of 3.515 billion yuan in 2026, with adjusted net profits for 2024 and 2025 being 180 million yuan and 371 million yuan respectively, and a projected net profit of 547 million yuan in 2026 [2] - The corresponding PE ratios for 2024, 2025, and 2026 are projected to be 67.8 times, 32.9 times, and 22.3 times respectively [2] - The current market capitalization is 12.218 billion yuan, with a PS ratio of approximately 5.35 times, which is lower than the average PS of 8.91 times over the past five years [2] - The demand recovery, platform upgrades, and the rise of edge AI present significant growth opportunities for the company [2] Financial Performance Summary - The company reported a revenue of 1.673 billion yuan in 2023, an increase of 10.5% year-on-year, while the net profit attributable to shareholders was 23 million yuan, a decrease of 89.1% year-on-year [3] - The projected revenues for 2024 and 2025 are 2.279 billion yuan and 2.844 billion yuan, representing year-on-year growth rates of 36.2% and 24.8% respectively [3] - The gross profit margin is expected to stabilize around 38% by 2026, with a net profit margin projected to reach 15.6% [3] - The company’s EPS is forecasted to increase from 0.04 yuan in 2023 to 0.87 yuan in 2026 [3] Market and Industry Context - The semiconductor industry is anticipated to recover, with a projected global market growth rate of 13.1% in 2024, reaching a record scale of 588.4 billion USD [8] - The company is actively investing in advanced chip research and development, focusing on self-developed analog and digital IP to enhance product competitiveness [8] - The rise of AI applications in mobile devices is expected to drive demand for edge computing solutions, which aligns with the company's strategic focus [8]

Investment Rating - The report maintains a "Recommended" rating for the company, with a current price of 19.41 CNY [11]. Core Insights - The company has shown steady revenue growth, with a 10.49% increase in total revenue for 2023, amounting to 1.673 billion CNY. However, the net profit attributable to shareholders decreased by 89.12% to 22.96 million CNY [10][11]. - The company is focusing on research and development, launching new chip products and solutions across various sectors, which is expected to drive future growth [10]. - The company is actively participating in the AI wave, with product upgrades in smart industrial, robotics, home appliances, and visual technology sectors [10]. - Strategic partnerships with major clients like Xiaomi, Tencent, and Alibaba are being leveraged to enhance product offerings and market presence [10]. Financial Summary - Projected revenues for 2024, 2025, and 2026 are 2.16 billion CNY, 2.77 billion CNY, and 3.49 billion CNY, respectively, with growth rates of 29.1%, 28.1%, and 26.1% [2][10]. - The net profit attributable to shareholders is expected to rebound significantly, with projections of 154 million CNY in 2024, 286 million CNY in 2025, and 394 million CNY in 2026, reflecting growth rates of 570.5%, 85.5%, and 37.8% [2][10]. - The company's PE ratio is projected to decrease from 534 in 2023 to 31 by 2026, indicating improved valuation as earnings grow [2][10].

Government Subsidies and Financial Performance - Government subsidies accounted for over 30% of the total profit for the reporting period, highlighting the strategic importance of the integrated circuit industry [3]. - The company aims to enhance its technological capabilities to mitigate the impact of fluctuations in government subsidies on its performance [4]. - The company is focused on industrialization outcomes to further improve operational performance and reduce reliance on government support [4]. - The company received government subsidies amounting to CNY 19,125,472.61 in 2023, a decrease from CNY 72,749,165.66 in 2022 [47]. - The company faces uncertainty regarding its ability to continue as a going concern, as indicated by the audit report for the most recent year [44]. Revenue and Profitability - The company's operating revenue for 2023 was CNY 1,672,993,031.36, representing a 10.49% increase compared to CNY 1,514,132,177.25 in 2022 [43]. - The net profit attributable to shareholders for 2023 was CNY 22,962,876.70, a significant decrease of 89.12% from CNY 211,059,746.57 in 2022 [43]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 7,069,171.73, down 93.53% from CNY 109,397,837.17 in 2022 [43]. - The net cash flow from operating activities improved to CNY 188,348,768.65, a 750.17% increase from a negative CNY 28,969,185.02 in 2022 [43]. - The total assets at the end of 2023 were CNY 3,532,312,526.95, reflecting a decrease of 0.79% from CNY 3,558,993,564.05 at the end of 2022 [43]. - The net assets attributable to shareholders at the end of 2023 were CNY 2,962,908,198.69, a slight increase of 0.18% from CNY 2,957,688,175.24 at the end of 2022 [43]. - The company reported a basic earnings per share of CNY 0.04 for 2023, down 88.24% from CNY 0.34 in 2022 [43]. Market Trends and Industry Insights - The semiconductor industry achieved a sales revenue of $526.8 billion in 2023, a decrease of 8.20% compared to the historical high of $574.1 billion in 2022, but the fourth quarter sales surged to $146 billion, marking an 11.60% increase year-over-year [71]. - The global semiconductor market is projected to grow by 13.10% in 2024, reaching a record size of $588.4 billion [71]. - The industrial chip market is experiencing robust growth due to continuous technological innovation and the smart upgrade of industrial equipment, with applications expanding from sensor chips to control and processor chips [72]. - The consumer electronics, industrial intelligence, and automotive intelligence chip markets are all showing positive growth trends in 2023, with expectations for continued rapid growth driven by technological advancements and market expansion [73]. Technological Advancements and R&D - The company is focusing on enhancing its chip performance and reliability to meet the growing demand in the automotive sector driven by electrification and intelligence trends [52]. - The company continues to invest heavily in new technologies and chip products to expand its application landscape [63]. - The company has developed four technology platforms to enhance R&D delivery capabilities and accelerate product iteration speed, including SOC design platforms and various IP technologies [77]. - The company is actively participating in the RISC-V architecture ecosystem, with multiple product lines already utilizing RISC-V architecture CPUs in mass production [83]. - The company has achieved significant advancements in core technology R&D, focusing on SOC and video solutions, leading to improved chip integration and performance [85]. - The new AI-ISP noise reduction technology has been rapidly mass-produced, achieving 2x to 4x sensitivity improvement under low NPU computing power [86]. - The company has launched a high-performance octa-core cockpit chip to meet the high-performance requirements of customers in the automotive sector, entering the product development phase with targeted clients [88]. - The company has introduced the A523/A527 series high-end octa-core architecture platform for high-end tablets, gaining recognition from numerous domestic and international brands [92]. Strategic Partnerships and Collaborations - The company has established strategic partnerships with industry leaders such as Xiaomi, Tencent, and Alibaba, focusing on AI voice and vision applications [95]. - The company has received the highest level ASIL D certification for functional safety management from TÜV Rheinland, enhancing its capabilities in automotive-grade applications [95]. - The company has established strategic partnerships with several industry leaders, ensuring high-quality delivery and recognition in the smart automotive electronics and industrial control markets [113]. Quality Management and Compliance - The company is committed to continuous improvement in quality management, having received multiple quality honors, including "National Semiconductor Industry Quality Leading Brand" [95]. - The company adheres to the disclosure requirements of the Shenzhen Stock Exchange regarding integrated circuit business, ensuring compliance with industry regulations [74]. - The company has maintained a stable internal control environment, with no major deficiencies reported in the financial audit [175]. - The company has not faced any administrative penalties related to environmental issues during the reporting period, demonstrating compliance with environmental regulations [179]. Corporate Governance and Social Responsibility - The company has actively engaged in corporate social responsibility, focusing on economic and social benefits, and has created job opportunities while ensuring tax compliance [181]. - The company has committed to avoiding any direct or indirect competition with its business operations, ensuring compliance with commitments made during the IPO process [184]. - The company continues to focus on enhancing its operational efficiency and expanding its market presence while adhering to regulatory requirements [181]. Bad Debt Provisions and Financial Health - The total provision for bad debts at the end of the period is CNY 3,242,913.74, an increase from CNY 3,179,810.63 at the beginning of the period, reflecting a change of CNY 63,103.11 [197]. - The provision for bad debts was calculated based on the expected credit loss model, with CNY 40,984.79 in the first stage, CNY 7,908.12 in the second stage, and CNY 3,130,917.72 in the third stage as of January 1, 2023 [197]. - The company recorded a provision of CNY 63,103.11 during the current period, with significant movements in the bad debt provision balance [197]. - The overall strategy includes maintaining a robust provision for bad debts to mitigate credit risk exposure [197].

珠海全志科技股份有限公司 独立董事 2023 年度述职报告 尊敬的各位董事： 作为珠海全志科技股份有限公司（以下简称"公司"）的独立董事，本人张 瑞智 2023 年度严格按照《公司法》、《证券法》、《深圳证券交易所创业板股 票上市规则》等法律法规、规范性文件以及《公司章程》、《独立董事工作制度》 等相关的规定和要求，诚信、勤勉、尽责履行独立董事职责，积极出席相关会议， 认真审议董事会各项议案，充分发挥独立董事独立性和专业性的作用，维护公司 和全体股东尤其是中小股东的合法权益。现就本人 2023 年度履行独立董事职责 情况述职如下： 一、 出席会议情况 2023 年度，在本人任职期间，公司召开 8 次董事会，3 次股东大会。本着勤 勉尽责的态度，本人积极参加公司召开的相关会议，认真审阅会议相关材料，积 极参与各项议案的讨论，为董事会的科学决策发挥了积极的作用。 2023 年度，公司董事会、股东大会的召集、召开程序符合法定要求，重大 事项均履行了相关的审批程序，合法有效，本人对董事会上的各项议案进行了认 真审议，认为这些议案没有损害全体股东的利益，因此均投赞成票，不存在反对、 弃权的情况。 二、 发表独立意见情况 ...

珠海全志科技股份有限公司 审计委员会工作条例 珠海全志科技股份有限公司 审计委员会工作条例 珠海全志科技股份有限公司 审计委员会工作条例 第一章 总则 第一条 为强化公司董事会决策功能，做到事前审计、专业审计，确保董事 会对管理层的有效监督，完善公司治理结构，根据《中华人民共和国公司法》及 其它有关法律、法规及《珠海全志科技股份有限公司章程》的规定，珠海全志科 技股份有限公司（以下简称"公司"）特设立董事会审计委员会，并制定本工作 条例。 第二条 董事会审计委员会是董事会下设的专门工作机构，主要负责审核公 司财务信息及其披露、监督及评估内外部审计工作和内部控制。 珠海全志科技股份有限公司 审计委员会工作条例 第二章 人员组成 第三条 审计委员会成员由 3 名不在公司担任高级管理人员的董事组成，其 中独立董事应过半数，且在独立董事中至少有 1 名为会计专业人士。 第四条 审计委员会委员由董事长、二分之一以上独立董事、全体董事的三 分之一或者提名委员会提名，并由董事会选举产生。 第五条 审计委员会设委员会主任（召集人）1 名，由会计专业人士的独立 董事委员担任，并由董事会选举产生。 第六条 审计委员会任期与董事会 ...

证券代码：300458 证券简称：全志科技 公告编号:2024-0330-014 珠海全志科技股份有限公司 关于举行2023年度网上业绩说明会的公告 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、误导性陈述或者重大遗漏。 珠海全志科技股份有限公司(以下简称"公司")《2023年年度报告》及摘要 于2024年3月30日刊登于中国证监会指定的信息披露媒体。 为便于广大投资者进一步了解公司2023年经营情况，公司将于2024年4月3 日（星期三）下午15:00-17:00举行2023年度网上业绩说明会，本次说明会将采 用网络远程的方式举行，投资者可通过以下方式参与互动交流。 投资者依据提示，授权登入"全志科技IR"小程序，即可参与交流。 出席本次说明会的人员有：公司董事长张建辉先生，董事兼总经理叶茂先生， 财务总监藏伟女士，董事会秘书蔡霄鹏先生，独立董事陈亚斌先生。 为提高公司与投资者之间的交流效率，投资者可于2024年4月2日（周二）15： 00前扫描二维码进行会前提问，公司将在说明会上对投资者关注的问题进行回答。 欢迎广大投资者积极参与。 特此公告。 珠海全志科技股份有限公司董事会 ...

珠海全志科技股份有限公司 关联交易管理办法 珠海全志科技股份有限公司 关联交易管理办法 珠海全志科技股份有限公司 关联交易管理办法 第一章 总则 第一条 为进一步规范珠海全志科技股份有限公司（以下简称"公司"）的关 联交易，确保公司的关联交易行为不损害公司和非关联股东的合法权益，根据《中 华人民共和国公司法》（以下简称"《公司法》"）等法律、法规、规章、规范性 文件和《珠海全志科技股份有限公司章程》（以下简称"《公司章程》"）的规定， 结合公司的实际情况制定《珠海全志科技股份有限公司关联交易管理办法》（以 下简称"本办法"）。 第二条 公司关联交易应遵循诚实信用、平等、自愿、公平、公开、公允的 原则，不得损害公司和非关联股东的利益，不得隐瞒关联关系或者将关联交易非 关联化。 第三条 公司与关联人之间的关联交易应签订书面协议，并遵循平等自愿、 等价有偿的原则，协议内容应明确交易双方的权利义务及法律责任。 第四条 公司股东、董事、监事、高级管理人员不得利用其关联关系损害公 司利益。违反相关规定，给公司造成损失的，应当承担赔偿责任。 第五条 公司控股子公司发生的关联交易，应视同公司行为。如需公司董事 会或股东大会审 ...