香农芯创科技股份有限公司 关于向银行申请并购贷款及接受子公司 提供担保的进展公告 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、并购贷款审议情况 登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：300475 证券简称：香农芯创 公告编号：2025-056 以上内容详见公司于2021年6月18日、8月5日、9月28日在巨潮资讯网披露的《关于向银行申请并购贷款 并提供担保的进展公告》（公告编号：2021-085、2021-096、2021-113）。 三、并购贷款置换进展情况 截至本公告日，公司向兴业银行申请的并购贷款余额尚有本金26,127.56万元。 2021年5月31日，香农芯创科技股份有限公司（原名"安徽聚隆传动科技股份有限公司"，以下简称"公 司"、"申请人"或"借款人"）召开2021年第一次临时股东大会，审议通过了关于购买深圳市英唐创泰科 技有限公司持有的联合创泰科技有限公司（以下简称"联合创泰"）100%股权事项的相关议案。 2021年6月4日、2021年6月21日，公司第四届董事会第四次（临时）会议、2021年第二次临时股东大会 ...

2021 年 6 月 4 日、2021 年 6 月 21 日，公司第四届董事会第四次（临时）会议、 2021 年第二次临时股东大会审议通过《关于向银行申请并购贷款并提供担保的议案》， 同意公司向银行申请贷款金额不超过 10.8 亿元、贷款期限不超过 7 年的并购贷款，并同 意公司以合并报表范围内子公司（含收购完成后纳入合并报表范围的联合创泰，下同） 股权质押、子公司担保等方式为本次并购贷款提供担保。公司董事会同时提请股东大会 授权公司总经理在贷款金额不超过 10.8 亿元、贷款期限不超过 7 年的范围内组织并购 贷款、担保等谈判并授权公司总经理签署并购贷款、担保等相关合同、文件并办理并购 贷款、担保等相关事宜。详见公司 2021 年 6 月 5 日在《证券日报》、《证券时报》、《中 国证券报》、《上海证券报》和巨潮资讯网 （http://www.cninfo.com.cn/）披露的《关于向 银行申请并购贷款并提供担保的公告》（公告编号：2021-082）。 证券代码：300475 证券简称：香农芯创 公告编号：2025-056 香农芯创科技股份有限公司 关于向银行申请并购贷款及接受子公司提供担保的进展公告 本 ...

证券代码：300475 证券简称：香农芯创 公告编号：2025-055 香农芯创科技股份有限公司 关于为全资子公司提供担保及接受关联方提供担保 暨关联交易的进展公告 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、截至本公告日，以本次本金最高担保额合计人民币 2.25 亿元计算，公司 累计担保（含反担保）合同金额为人民币 79.98 亿元（美元合同汇率按照 2025 年 7 月 21 日中国外汇交易中心受权公布人民币汇率中间价 1 美元对 7.1522 元人民 币计算，不含子公司提供的担保。对同一债务提供的复合担保只计算一次。下同）， 占公司 2024 年度经审计净资产的比例为 272.30%。 其中，公司累计为全资子公司联合创泰科技有限公司（以下简称"联合创泰"） 提供担保合同金额为 70.43 亿元。 2、公司及子公司无对合并报表范围外的对外担保事项，也不存在逾期担保。 敬请广大投资者注意防范风险。 一、审议情况概述 （一）担保审议情况概述 香农芯创科技股份有限公司（以下简称"公司"）分别于 2025 年 4 月 3 日、 4 月 29 日 ...

Group 1 - The company, Xiangnon Xinchang, is a leading domestic electronic component distributor focusing on high-end storage solutions, with 97.15% of its revenue from semiconductor distribution in 2024 [1] - The company was formerly known as Julong Technology and transitioned to the semiconductor industry after acquiring a distributor in 2021, rebranding itself as Xiangnon Xinchang [1] - In May 2023, the company announced the establishment of a subsidiary, Haipu Storage, in collaboration with Dapu Micro, to enter the enterprise SSD market and enhance its capabilities in "distribution + self-research" [1] Group 2 - The storage chip market is expected to grow significantly, with a projected market size of RMB 1,189.7 billion in 2024, accounting for 31.3% of the integrated circuit market, driven by AI and increased demand for storage in devices [2] - Xiangnon Xinchang's subsidiary, United Chuangtai, has secured agency rights from major global suppliers, including SK Hynix and MTK, positioning the company to benefit from the industry's upward cycle and expanding high-end storage demand [2] Group 3 - The enterprise SSD market in China is projected to reach USD 6.25 billion in 2024, representing a growth of 187.9% compared to 2023, with expectations to reach USD 9.1 billion by 2029 [3] - The company has successfully developed and is entering mass production of enterprise-level DDR4, DDR5, and Gen4 eSSD products, targeting cloud computing storage and data center servers [3] - The establishment of Haipu Storage is anticipated to create growth opportunities for the company amid expanding enterprise storage demand [3] Group 4 - Revenue projections for the company from 2025 to 2027 are estimated at RMB 30.06 billion, RMB 32.68 billion, and RMB 40.22 billion, with year-on-year growth rates of 23.9%, 8.7%, and 23.1% respectively [4] - Net profit attributable to the parent company is expected to be RMB 483 million, RMB 686 million, and RMB 927 million for the same period, with growth rates of 83.0%, 42.0%, and 35.0% respectively [4] - The company's EPS is projected to be RMB 1.04, RMB 1.48, and RMB 2.00 for 2025, 2026, and 2027, respectively [4]

证券代码：300475 证券简称：香农芯创 公告编号：2025-053 香农芯创科技股份有限公司 关于为全资子公司提供担保及接受关联方提供担保 暨关联交易的进展公告 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）担保审议情况概述 香农芯创科技股份有限公司（以下简称"公司"）分别于 2025 年 4 月 3 日、 4 月 29 日召开第五届董事会第十次会议、2024 年年度股东大会，审议通过了《关 于申请授信并为全资子公司提供担保额度的议案》，同意为全资子公司联合创泰 提供新增不超过人民币 70.85 亿元(或等值外币)的担保(含反担保)，为全资子公 司创泰电子提供新增不超过人民币 1 亿元（或等值外币）的担保（含反担保）， 为全资子公司新联芯提供新增不超过人民币 8.65 亿元（或等值外币）的担保（含 1 反担保）。担保方式包括但不限于一般担保、连带担保等。详见公司于 2025 年 4 月 8 日、4 月 29 日在《证券时报》、《证券日报》、《中国证券报》、《上海证券报》 和巨潮资讯网（www.cninfo.com.cn）披露的《关于申请授信并为全资 ...

证券代码：300475 证券简称：香农芯创 公告编号：2025-054 香农芯创科技股份有限公司 关于控股子公司为其为全资子公司提供担保 及接受关联方提供担保暨关联交易的进展公告 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。 海普芯创已就本次对无锡海普存储提供担保事项履行了内部审议程序。 （二）关联方提供担保暨关联交易审议情况概述 2025 年 4 月 3 日，公司召开第五届董事会第十次会议、第五届监事会第九 次会议，审议通过《关于接受关联方提供增信措施暨关联交易的议案》，同意接 受黄泽伟先生、彭红女士及其关联方为公司合并报表范围内主体提供不超过人民 币 230 亿元（或等值外币）的增信措施，增信措施包括但不限于担保、反担保等 措施。公司及子公司无需向黄泽伟先生、彭红女士及其关联方支付本次增信费用， 也无需提供反担保。保荐机构发表了核查意见。详见公司于 2025 年 4 月 8 日在 《证券时报》、《证券日报》《中国证券报》《上海证券报》和巨潮资讯网披露 的《关于接受关联方提供增信措施暨关联交易的公告》（公告编号:2025-025）。 1 二、担保事项概述 ...

Investment Rating - Industry Rating: Outperform the market (maintained rating) [8] Core Insights - The report highlights significant opportunities in the storage sector driven by continuous price increases, AI catalysis, and accelerated domestic production [2][3][5] - The semiconductor storage market is expected to gradually recover starting from the end of March 2025, with both DRAM and NAND entering an upward price channel [3][16] - The demand for storage is being propelled by AI applications, with expectations for substantial growth in HBM and DDR5 demand by 2025 [4][81] Summary by Sections Price Analysis - The report anticipates sustained price increases in Q3 and Q4, with DDR4 leading the market due to supply-side reforms and production cuts by major manufacturers [15][19] - DRAM and NAND prices are expected to rise significantly, with PC DDR4 contract prices projected to increase by 18-23% in Q3 [24][31] Supply Side - The Chinese semiconductor storage market is projected to grow from approximately 394.3 billion yuan in 2023 to 458 billion yuan in 2025, with DRAM holding the largest market share [59][61] - Major overseas manufacturers are reducing production, benefiting domestic companies and increasing their market share [59][63] Demand Side - The report indicates that DRAM and NAND are entering a long growth cycle, with DRAM demand capacity expected to grow by 16% in 2024 and 15% in 2025 [81][83] - The demand for enterprise-level SSDs is expected to rise significantly, with AI infrastructure driving performance and capacity upgrades [4][81] Technology Trends - The report discusses advancements in 3D NAND technology and the transition to higher efficiency DRAM processes, with expectations for 300-layer NAND production by 2025 [72][73] - The integration of AI technologies is expected to enhance the performance and capacity of storage solutions, particularly in enterprise applications [4][5] Company Dynamics - Domestic storage manufacturers are accelerating their technological advancements and production capabilities, with companies like Jiangbolong and Baiwei Storage leading the charge in high-end storage solutions [5][6][63] - The report emphasizes the importance of self-developed controllers and high-end technology in building competitive advantages for domestic firms [5][6]

Investment Rating - The report maintains a "Buy" rating for the company, expecting a relative increase in stock price of over 20% compared to the benchmark index within the next six months [5][12]. Core Insights - The company is expected to benefit from the rising prices of DDR4 memory, with anticipated price increases of 18-23% for server DDR4 and 13-18% for PC DDR4 in the second quarter [3]. - The transition to DDR5 is accelerating, with major suppliers planning to phase out DDR4 production by early 2026, while consumer demand for DDR4 remains strong [3]. - The company has made significant progress in developing its proprietary enterprise-level storage modules, including DDR4, DDR5, and Gen4 eSSD, which are now in mass production [4]. - Revenue projections for the company are optimistic, with expected revenues of 300 billion, 352 billion, and 404 billion yuan for 2025, 2026, and 2027 respectively, alongside net profits of 7.0 billion, 11.2 billion, and 14.1 billion yuan [5][10]. Summary by Sections Company Overview - The latest closing price is 36.05 yuan, with a total market capitalization of 167 billion yuan and a total share capital of 4.64 billion shares [2]. Financial Forecasts - The company is projected to achieve revenues of 30 billion yuan in 2025, with a growth rate of 23.64%, and net profits of 704 million yuan, reflecting a significant increase of 166.52% from the previous year [10][11]. - The expected earnings per share (EPS) for 2025 is 1.52 yuan, with a price-to-earnings (P/E) ratio of 24.12 [10][11]. Market Position - The enterprise SSD market is primarily dominated by international manufacturers, but there is a growing opportunity for domestic companies, with the company positioning itself to capture this market through its "Haipu Storage" brand [4].

Investment Rating - The industry rating is maintained as "Outperform" [6] Core Viewpoints - The semiconductor industry is expected to continue its optimistic growth trajectory, driven by AI and domestic substitution efforts [4][15] - The storage sector is highlighted as a key area of focus, with expectations of price increases for DDR4 contracts by 30-40% in Q3 [3][16] - The demand for storage capacity is rapidly increasing due to AI servers, PCs, and mobile devices, leading to a rise in high-value product penetration [3][14] Summary by Sections 1. Market Overview - In May, global chip delivery times remained stable, with a slight increase in spot market delivery times and rising storage prices [2][13] - Major chip suppliers showed stable delivery times, with some experiencing slight increases in both delivery times and prices [2][13] 2. Storage Sector - The storage sector is expected to see continued price increases, with significant demand for DDR4 and DDR5, leading to a saturated production capacity [3][18] - The anticipated price increases for DRAM and NAND Flash in Q3 and Q4 are driven by supply-side reforms and strong demand from AI applications [3][14][17] 3. Industry Growth Projections - The global semiconductor market is projected to grow, with a forecasted sales figure of approximately $626.87 billion in 2024, reflecting a 19% year-on-year increase [30][31] - The Chinese semiconductor market is expected to exceed $170 billion in sales in 2024, with a significant contribution from the Yangtze River Delta region [30][31] 4. Key Companies to Watch - Recommended companies in the semiconductor storage sector include Jiangbolong, Shannon Semiconductor, and Zhaoyi Innovation, among others [5] - In the IDM foundry and packaging sector, companies like Huahong Semiconductor and SMIC are highlighted for their growth potential [5] 5. Equipment and Materials - The equipment and materials sector is seeing stable growth, with leading manufacturers showing strong performance in Q1 2025 [4][15] - The ongoing domestic substitution efforts are reshaping the supply chain landscape, enhancing the competitiveness of local firms [4][15]

证券代码：300475 证券简称：香农芯创 公告编号：2025-052 香农芯创科技股份有限公司 关于为全资子公司提供担保及接受关联方提供担保 暨关联交易的进展公告 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、截至本公告日，以本次本金最高担保额合计人民币 8.43 亿元计算，公司 累计担保（含反担保）合同金额为人民币 79.93 亿元（美元合同汇率按照 2025 年 6 月 16 日中国外汇交易中心受权公布人民币汇率中间价 1 美元对 7.1789 元 人民币计算，不含子公司提供的担保。对同一债务提供的复合担保只计算一次。 下同），占公司 2024 年度经审计净资产的比例为 272.11%。其中，公司累计为全 资子公司联合创泰科技有限公司(以下简称"联合创泰")提供担保合同金额为人 民币 70.28 亿元，为全资子公司联合创泰（深圳）电子有限公司（以下简称"创 泰电子"）提供担保合同金额为人民币 0.9 亿元，为全资子公司深圳市新联芯存 储科技有限公司（以下简称"新联芯"）提供担保合同金额为人民币 7.35 亿元。 2、公司及子公司无对合并 ...