证券时报e公司讯，景嘉微(300474)在机构调研时表示，公司始终专注于产品研发，不断提升产品竞争 力。 尤其在图形处理芯片设计领域，通过十余年的技术沉淀，成功研发以JM5400、JM7200、JM9为代表的 系列图形处理芯片，并成功实现产业化。 2024年，公司成功研发面向AI 计算、AI推理与科学计算等领域景宏系列高性能智能模块与整机产品， 进一步拓宽公司产品应用领域。 公司正在持续推进新款图形处理芯片的后续研发工作，目前进展顺利，但芯片研发存在一定不确定性， 具体研发时间需视后续的研发情况而定。 ...

证券代码：300474 证券简称：景嘉微 编号：2024-007 长沙景嘉微电子股份有限公司 投资者关系活动记录表 | --- | --- | --- | |-------------------------|--------------------------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...

Financial Data and Key Metrics - The company successfully undertook multiple national-level key projects related to GPU, indicating its significant role in the field [1] - The company completed a private placement in just 14 days, benefiting from streamlined procedures and green channels for companies undertaking important national tasks [2] - The company increased R&D investment and plans to launch a new GPU product by the end of the year, targeting the mid-to-high-end rendering market [4] Business Line Data and Key Metrics - The company introduced a batch of high-quality talents with core technology and long-term R&D experience, adjusting its talent structure [3] - The company collaborated with ecosystem partners to help customers fully utilize products and build a robust ecosystem [4] - The company's Jinghong series products have gained recognition from ecosystem partners and customers, with orders expected to exceed 100 million RMB this year [6] Market Data and Key Metrics - The company plans to launch new innovative products related to computing power next year, leveraging experience and technology from the Jinghong series [5] - The company aims to accelerate customer product adoption and scale-up applications, increasing R&D investment and talent acquisition [5] - The company's market position in the GPU industry is not yet monopolistic, and it continues to focus on product optimization and strengthening [6] Company Strategy and Industry Competition - The company emphasizes the importance of strong financial capabilities, effective customer groups, and future M&A preparations for long-term success in the GPU field [4] - The company established a fund and introduced industrial and investment talents to support future M&A activities and industry consolidation [4] - The company plans to leverage its listed company status and favorable policies to accelerate M&A and industry integration, avoiding supply disruptions and intensified domestic competition [5] Management Comments on Operating Environment and Future Prospects - The company believes that the GPU industry in China has a long development path, involving data center computing, edge computing, inference computing, and high-end rendering [4] - The company is confident in the future development of both the Xinchuang and special fields, expecting more application demands and order quantities [9] - The company aims to become a core player in the field, leveraging sufficient funds, talents, and policy resources to contribute to the nation with high-quality products [13] Other Important Information - The company's small radar products generated 38 million RMB in revenue in the first half of the year, with growth expected to continue in the next 2-3 years [9] - The company's military and civilian product revenue ratio is currently 7:3, but it is expected to reverse in the future, with civilian products accounting for over 70% [12] - The company plans to focus on investment and M&A activities, leveraging national policies to accelerate R&D and industry consolidation [13] Summary of Q&A Session Q: How does the company view competition with overseas products and the lack of mandatory GPU requirements in the Xinchuang market? - The company believes that the shift from forced to voluntary adoption of domestic products is crucial, emphasizing product strength and market support [8] - The company acknowledges the importance of software in the GPU ecosystem and focuses on customer feedback to drive product iteration [8] Q: Are there any new policy signals affecting the industry's prospects? - The company notes significant political changes and increased national investment in key areas, including the GPU field [9] - The company expects stable revenue and profit sources in the coming years, supported by national policies and market demand [9] Q: What are the company's plans for rendering GPUs and their performance compared to international standards? - The company's new rendering GPU is expected to be among the best in customer application effects, with ongoing collaboration with major manufacturers for ecosystem development [11] - The company is addressing technical challenges and learning from advanced development experiences to enhance product capabilities [11] Q: Has the market share of integrated GPUs in the Xinchuang market increased? - The company states that the market share of integrated GPUs has not significantly increased, as the focus remains on standalone GPUs [11] Q: Are there any updates on the core technical team and funding? - The company has introduced top talents from major manufacturers, emphasizing the importance of financial capability to support high salaries [11] - The company encourages internal competition and collaboration to drive innovation and performance [11] Q: What are the main application scenarios for the company's products? - The company's mid-to-low-end applications, such as the 7 and 9 series, are used in traditional and emerging industries within the Xinchuang field [12] Q: What is the revenue structure trend between military and civilian products? - The company expects civilian product sales to surpass military product sales, with a projected ratio of over 70% civilian and under 30% military [12] Q: What are the company's plans for investment and M&A? - The company is leveraging national policies to accelerate M&A and industry consolidation, focusing on asset, technology, and talent acquisition [13] - The company aims to centralize resources and funds to accelerate R&D and product development [13]

Group 1: Financial Performance - The company achieved a revenue of 34,990.54 million yuan in the first half of 2024, representing a year-on-year increase of 1.4% [6] - The net profit attributable to shareholders, excluding non-recurring gains and losses, was 2,133.88 million yuan, a significant increase of 182.51% compared to the same period last year [6] Group 2: Product Development and R&D - The new graphics processing chip has completed the backend design phase and is progressing according to plan [9][10] - The company is focusing on GPU research and development, continuously investing in innovation [6] - The new GPU products are widely applicable in specialized and general fields, with ongoing efforts to expand product applications [4] Group 3: Capital Increase and Investor Relations - The company is actively promoting the follow-up work of the private placement, with specific progress to be disclosed in company announcements [5][8] - There is a commitment to protect the legitimate rights and interests of investors, especially small and medium-sized shareholders [7] - The company will strictly adhere to information disclosure regulations regarding any potential mergers and acquisitions [3][7] Group 4: Market Position and Competition - The company is positioned in high-reliability sectors such as aerospace, maritime, and automotive, with products tailored for these industries [3] - There is a recognition of the competitive landscape, with ongoing efforts to enhance product performance and expand application areas [6][7] - The company is aware of its relative performance compared to peers in the semiconductor industry and is focused on improving its market standing [8]

证券代码：300474 证券简称：景嘉微 公告编号：2024-055 长沙景嘉微电子股份有限公司 关于参加湖南辖区 2024 年度投资者 网上集体接待日活动的公告 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。 为进一步加强与投资者的互动交流，长沙景嘉微电子股份有限公司（以下简 称"公司"）将参加由中国证券监督管理委员会湖南监管局、湖南省上市公司协 会与深圳市全景网络有限公司联合举办的"湖南辖区 2024 年度投资者网上集体 接待日"活动，现将有关事项公告如下： 本次活动将采取网络远程的方式举行，投资者可以登陆"全景路演"网站 （https://rs.p5w.net），或关注微信公众号：全景财经，或下载全景路演 APP，参 与本次互动交流，活动时间为 2024 年 10 月 10 日（星期四）15:30－17:00。届时 公司高级管理人员将在线就公司治理、发展战略、经营情况和可持续发展等投资 者关心的问题，与投资者进行沟通与交流。欢迎广大投资者踊跃参与。 特此公告。 长沙景嘉微电子股份有限公司董事会 2024 年 9 月 27 日 ...

丨证券研究报告丨 局 联合研究丨公司点评丨景嘉微（300474.SZ） [Table_Title] 景嘉微：主业增速改善，股权激励加快新产品布 | --- | --- | --- | |------------------------------------------------------------------------|----------------------------|-------| | | | | | 报告要点 | | | | [Table_Summary] 近期景嘉微发布 2024 年半年度报告。 | | | | 2024H1 公司实现营收 3.50 亿元，同比增加 1.40% ；实现归母净利润 | 0.34 亿元，同比增加 | | | 545.78% ；实现扣非净利润 0.21 亿元，同比增加 182.51% ；毛利率为 | 52.96% ，同比 -9.33pct 。 | | 分析师及联系人 [Table_Author] | --- | |----------------| | | | | | | | 宗建树 | | S0490520030004 | | | | BUX668 | 余 ...

Financial Performance - The company's revenue for the first half of 2024 was approximately ¥349.91 million, representing a 1.40% increase compared to ¥345.07 million in the same period last year[13]. - The net profit attributable to shareholders was approximately ¥34.15 million, a significant increase of 545.78% from a loss of ¥7.66 million in the previous year[13]. - The net profit after deducting non-recurring gains and losses was approximately ¥21.34 million, up 182.51% from a loss of ¥25.86 million in the same period last year[13]. - Basic earnings per share increased to ¥0.07, a 450.00% rise from -¥0.02 in the same period last year[13]. - The company's operating revenue for the reporting period was 349,905,424.98 CNY, a 1.40% increase compared to the previous year[28]. - The total revenue for the first half of 2024 reached CNY 349,905,424.98, representing a year-on-year increase of 1.40%[30]. - The revenue from the graphics control product segment was CNY 228,053,415.74, with a year-on-year growth of 7.95%[30]. - The revenue from the chip product segment surged to CNY 66,507,612.12, marking a significant increase of 53.28% compared to the previous year[30]. - The company reported a significant decrease in sales expenses, which were CNY 17,466,041.41 compared to CNY 31,721,987.59 in the previous year, a reduction of approximately 45%[108]. - The total comprehensive income for the first half of 2024 is CNY 1,200,594.94, a decrease from CNY 11,046,775.69 in the same period of 2023[112]. Cash Flow and Assets - The net cash flow from operating activities was negative at approximately -¥13.63 million, an improvement of 44.32% compared to -¥24.48 million in the previous year[13]. - The total assets at the end of the reporting period were approximately ¥3.98 billion, a decrease of 5.18% from ¥4.19 billion at the end of the previous year[13]. - The company's cash and cash equivalents decreased from ¥1,082,993,679.91 to ¥754,464,904.47, representing a decline of approximately 30.3%[101]. - Accounts receivable increased from ¥635,788,248.47 to ¥749,453,338.13, showing a growth of about 17.8%[101]. - Inventory rose from ¥637,138,426.32 to ¥663,957,817.11, indicating an increase of approximately 4.2%[102]. - Total liabilities decreased from ¥780,676,222.51 to ¥536,315,875.61, a reduction of approximately 31.2%[103]. - The company's equity attributable to shareholders increased from ¥3,413,715,276.70 to ¥3,440,964,262.65, representing a growth of about 0.8%[103]. Research and Development - The company applied for a total of 224 patents during the reporting period, including 178 invention patents and 32 utility model patents[25]. - Research and development expenses decreased by 24.32% to 126,000,242.82 CNY, attributed to cost control measures[28]. - The company aims to enhance its profitability and sustainable development capabilities through continuous R&D and market expansion efforts[19]. - The company has established a joint laboratory with Peking University focused on high-performance computing software development[25]. - The company has increased its R&D investment year by year since its listing, establishing a strong professional R&D team and achieving significant advancements in AI training and inference products[54]. Strategic Initiatives - The company plans not to distribute cash dividends or issue bonus shares[4]. - The company is committed to a customer-centric approach, enhancing product development and after-sales support[26]. - The company aims to strengthen its market position through continuous R&D investment and product innovation in the graphics processing field[25]. - The company plans to continue focusing on R&D in key technology areas, including image processing and software ecosystems[32]. - The company is exploring market expansion strategies and potential mergers and acquisitions[92]. Risks and Governance - The company faces risks related to high customer concentration, primarily in the aerospace industry, which could impact normal operations and profitability[47]. - The company has a high level of accounts receivable, which poses a risk to cash flow and profitability if major clients face financial difficulties[47]. - The company has established effective communication channels with investors, ensuring that all shareholders have the right to be informed about significant matters[67]. - The company emphasizes the protection of shareholder rights, particularly for minority shareholders, and has improved its governance structure[66]. - The company has not faced any administrative penalties related to environmental issues during the reporting period[65]. Shareholder Information - The total number of shares outstanding is 458,632,254, with 71.27% being unrestricted circulating shares[129]. - Major shareholder Yu Lili holds 29.10% of shares, totaling 133,450,847 shares[90]. - The National Integrated Circuit Industry Investment Fund holds 6.07% of shares, totaling 27,822,973 shares[90]. - The company has five wholly-owned subsidiaries, all holding 100% equity and voting rights[131]. - The company has cumulatively distributed cash dividends of 361 million yuan since its listing in March 2016, accounting for 25.95% of the net profit attributable to shareholders during the same period[57]. Compliance and Accounting - The company's accounting policies and financial reporting are in accordance with the relevant Chinese accounting standards[132]. - The financial statements prepared by the company comply with the requirements of the accounting standards, accurately reflecting its financial position, operating results, and cash flows[135]. - The company recognizes government subsidies as monetary and non-monetary assets, classified into asset-related and income-related subsidies[191]. - Deferred tax assets and liabilities are calculated based on the temporary differences between the tax basis and book value of assets and liabilities[193]. - The company will consolidate all subsidiaries under its control in the consolidated financial statements[140].

证券代码：300474 证券简称：景嘉微 公告编号：2024-051 长沙景嘉微电子股份有限公司 第五届董事会第四次会议决议公告 4.本次董事会由董事长曾万辉先生主持，部分监事和部分高管列席了本次董 事会。 5.本次董事会会议的召集、召开和表决程序符合《中华人民共和国公司法》 等法律、法规及《公司章程》的有关规定，合法有效。 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。 一、董事会会议召开情况 1.长沙景嘉微电子股份有限公司（以下简称"公司"）第五届董事会第四次 会议由董事长曾万辉先生召集，会议通知于 2024 年 8 月 16 日以专人送达、电子 邮件等通讯方式发出。 2.本次董事会于 2024 年 8 月 27 日在公司会议室召开，采取现场表决及通讯 表决的方式进行表决。董事郑珊女士以通讯方式参加会议并表决。 3.本次董事会应到 7 人，出席 7 人。 根据公司战略发展及经营管理需要，喻丽丽女士申请辞去公司副董事长职 务，依据《中华人民共和国公司法》《公司章程》等相关规定，辞任报告自送达 董事会之日起生效，喻丽丽女士继续担任公司非独立董事。为进一步完善公 ...

长沙景嘉微电子股份有限公司 单位：万元 | 人及其附属企业 | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 上市公司的子公司及 其附属企业 | 湖北景嘉楚拓微 电子有限公司 | 子公司 | 其他应收款 | 0.74 | 0.62 | | 1.36往来款 | 非经营性往来 | | | 无锡锦之源电子 | 子公司 | 其他应收款 | 2.94 | | | 2.94往来款 | 非经营性往来 | | | 科技有限公司 | | | | | | | | | | 长沙潜之龙微电 | 子公司 | 其他应收款 | | 80.49 | | 80.49往来款 | 非经营性往来 | | | 子有限公司 | | | | | | | | | | 西安华腾微波有 | 实际控制人参 | 应收账款 | 8.40 | | 8.40 | 销售 | 经营性往来 | | | 限责任公司 | 股的企业 | | | | | | | | | 长沙超创电子科 | 实际控制人参 | 应收账款 | 1,500.09 | 162.12 | 595.13 | 1, ...

Company Overview - The company specializes in information detection, information processing, and comprehensive applications, providing high-quality and reliable products, solutions, and services [3] - Core business areas include graphic display control, small specialized radar, and chip development, with graphic display control being the traditional strength, accounting for over 60% of revenue [3] - The company has successfully developed a series of graphic processing chips (e.g., JM5400, JM7200, JM9) and launched the Jinghong series for AI computing, AI inference, and scientific computing in 2024 [3] Business Structure - Graphic display control: Includes graphic display modules and reinforced products, utilizing self-developed GPU chips with high technological autonomy [3] - Small specialized radar: Features products like active protection radar and speed measurement radar, showing stable revenue growth [3] - Chip development: Focuses on GPU chips, a key strategic direction for future growth [3] GPU Development and Strategy - The company primarily serves enterprise clients, offering high-quality products, scenario-based solutions, and supporting services [4] - The Jinghong series, designed for AI training, AI inference, and scientific computing, supports multi-precision operations and is compatible with mainstream CPUs, operating systems, and server manufacturers [4] - The company aims to transition from "specialized" to "specialized + general-purpose" GPU development, targeting AI applications and building a domestic GPU ecosystem [4] Investor Relations - A total of 64 investors from 48 institutions participated in the event, including major funds and securities firms [2] - The event was held on July 17, 2024, at the company's 5th-floor conference room, with Vice President and Board Secretary Liao Kai and Investor Relations Manager Long Fang in attendance [2]