2023 年度股东大会的法律意见书 致：圣邦微电子（北京）股份有限公司 北京市君合律师事务所（以下简称"本所"）受圣邦微电子（北京）股份有 限公司（以下简称"公司"）的委托，根据《中华人民共和国公司法》（以下简称 《公司法》）、《上市公司股东大会规则》（以下简称《股东大会规则》）等法律、 法规、规章及《圣邦微电子（北京）股份有限公司章程》（以下简称《公司章程》） 的有关规定，就公司 2023 年度股东大会（以下简称"本次股东大会"）有关事宜 出具本法律意见书。 本法律意见书仅就本次股东大会的召集和召开程序、出席本次股东大会人员 的资格、召集人资格、会议表决程序是否符合中国有关法律、法规及《公司章程》 的规定以及表决结果是否合法有效发表意见，并不对本次股东大会所审议的议案 内容以及该等议案所表述的相关事实或数据的真实性、准确性或合法性发表意 见。 为出具本法律意见书之目的，本所指派律师列席本次股东大会会议，对本次 会议进行见证，并根据有关法律法规的规定和要求，按照律师行业公认的业务标 准、道德规范和勤勉尽责精神，对公司提供的与本次股东大会有关的文件和事实 进行了核查和验证。在此基础上，本所对法律意见出具之日及以 ...

证券代码：300661 证券简称：圣邦股份 公告编号：2024-021 圣邦微电子（北京）股份有限公司 特此公告。 关于部分股票期权注销完成的公告 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。 圣邦微电子（北京）股份有限公司（以下简称"公司"）于2024年4月26日 召开第四届董事会第十八次会议和第四届监事会第十七次会议，审议通过了《关 于注销部分股票期权及作废部分限制性股票的议案》。具体内容详见公司于2024 年4月27日在巨潮资讯网（http://www.cninfo.com.cn/new/index）上披露的《关于 注销部分股票期权及作废部分限制性股票的公告》（公告编号：2024-018）。 鉴于公司《2018年股票期权激励计划》中首次授予部分的两名激励对象个人 绩效考核结果为"合格"，其已获授但不符合行权条件的2,811份股票期权由公 司予以注销；预留授予部分的两名激励对象因个人原因离职，已不符合有关激励 对象的要求（其中一名激励对象当期个人绩效考核结果为"合格"），前述已获 授但不符合行权条件的合计9,457份股票期权由公司予以注销。 鉴于公司《2 ...

Investment Rating - The investment rating for the company is "Buy" and is maintained [4]. Core Views - The company demonstrated robust growth in Q1 2024, achieving revenue of 729 million yuan, a year-on-year increase of 42.03%, and a net profit of 54 million yuan, up 80.04% year-on-year, driven by the recovery in consumer electronics and demand from the industrial sector [5]. - Despite a challenging 2023 with a revenue decline of 17.94% to 2.616 billion yuan and a net profit drop of 67.86% to 281 million yuan, the company maintained operational resilience due to its diverse product offerings [5]. - The company continues to strengthen its R&D capabilities, with R&D expenses increasing by 17.78% to 737 million yuan, representing 28.18% of revenue, and has launched over 900 new products across various sectors [6]. - The outlook remains positive with expectations of continued growth driven by demand recovery and product expansion, forecasting net profits of 406 million, 691 million, and 1.025 billion yuan for 2024, 2025, and 2026 respectively [6]. Summary by Sections Financial Performance - In 2023, the company reported total revenue of 2.616 billion yuan, a decrease of 17.94% year-on-year, and a net profit of 281 million yuan, down 67.86% [5]. - For Q1 2024, revenue was 729 million yuan, reflecting a 42.03% increase year-on-year, while net profit reached 54 million yuan, up 80.04% year-on-year [5]. - The gross margin for Q1 2024 was 52.49%, showing a slight year-on-year decrease but a quarter-on-quarter improvement of 5.27 percentage points [5]. R&D and Product Development - The company invested 737 million yuan in R&D in 2023, which is 28.18% of its revenue, and increased its R&D personnel by 14.84% to 1,029 [6]. - The product portfolio includes over 5,200 SKUs across 32 categories, enhancing the company's competitive edge in the market [6]. Future Outlook - The company aims to become a leading brand in the global analog chip industry, with expectations of sustained growth driven by expanding product lines and applications [6]. - Forecasted net profits for the next three years are 406 million yuan in 2024, 691 million yuan in 2025, and 1.025 billion yuan in 2026 [6].

Investment Rating - The report maintains a "Buy" rating for the company [2][5] Core Views - The company's revenue faced short-term pressure in 2023 but showed significant improvement in Q1 2024 [2] - The company is strengthening its core technologies and expanding its product categories [2] - The company's performance is expected to continue improving in 2024 due to growing demand in AI, high-performance computing, and new energy vehicles, as well as a recovery in the consumer electronics market [2] Financial Performance - In 2023, the company achieved revenue of RMB 2.616 billion, a YoY decrease of 17.94%, and net profit attributable to shareholders of RMB 281 million, a YoY decrease of 67.86% [2] - In Q1 2024, the company achieved revenue of RMB 729 million, a YoY increase of 42.03%, and net profit attributable to shareholders of RMB 54.38 million, a YoY increase of 80.04% [2] - The company's R&D investment in 2023 was RMB 737 million, accounting for 28.18% of revenue, a YoY increase of 17.78% [3] Product and Technology - The company has strong independent R&D capabilities and innovation, with 72.72% of employees being R&D personnel [3] - In 2023, the company applied for 230 new patents and launched over 900 new products with independent intellectual property rights [3] - The company's new products include high-precision voltage references, ultra-low insertion loss high-isolation high-bandwidth dual-channel differential analog switches, and high-efficiency DC/DC buck chips with ultra-fast transient response [3] Market and Industry - The global semiconductor industry was in a downturn in 2023, with weak demand and slowing sales, but some segments like new energy vehicles showed growth [2] - The company's main business is the R&D and sales of analog integrated circuits, which have stable growth and strong anti-cyclical capabilities [2] Strategic Partnerships - The company maintains stable and continuous strategic cooperation with major suppliers, including TSMC for wafer manufacturing and top global packaging and testing companies like JCET, Tongfu Microelectronics, and Huatian Technology [4] - The company is building an integrated circuit testing center in Jiangyin, Jiangsu Province, which will undertake part of the testing business upon completion [4] Financial Forecast - The company's revenue is forecasted to be RMB 3.235 billion, RMB 4.022 billion, and RMB 4.906 billion for 2024, 2025, and 2026, respectively [5] - EPS is forecasted to be RMB 0.98, RMB 1.57, and RMB 2.05 for 2024, 2025, and 2026, respectively [5] - The current stock price corresponds to a PE ratio of 78.4x, 48.8x, and 37.6x for 2024, 2025, and 2026, respectively [5] Key Financial Metrics - The company's gross margin was 49.6% in 2023 and is expected to be 45.4%, 48.5%, and 48.1% in 2024, 2025, and 2026, respectively [7] - The net profit margin was 10.3% in 2023 and is expected to be 14.0%, 18.1%, and 19.2% in 2024, 2025, and 2026, respectively [7] - ROE was 7.3% in 2023 and is expected to be 10.8%, 15.1%, and 16.7% in 2024, 2025, and 2026, respectively [7]

Investment Rating - The investment rating for the company is "Buy" (maintained) [1][6]. Core Views - The company reported a significant improvement in gross margin in Q1 2024, marking the first notable increase during the down cycle, driven by the introduction of high-margin new products and stable pricing for existing products [4][5]. - The overall financial performance is strong, with expectations for continued growth in net profit and revenue, supported by a recovery in demand in the semiconductor industry and the company's competitive advantages [4][5]. - The report highlights the irreversible trend of domestic production, particularly in the automotive analog IC sector, which remains resilient despite global demand challenges [4][5]. Financial Forecast and Valuation - Revenue projections for the company are as follows: - 2023: 2,616 million yuan - 2024E: 3,191 million yuan (growth rate of 22% YoY) - 2025E: 4,000 million yuan (growth rate of 25% YoY) - 2026E: 5,013 million yuan (growth rate of 25% YoY) [2][5]. - Net profit forecasts are: - 2023: 281 million yuan - 2024E: 335 million yuan (growth rate of 19% YoY) - 2025E: 685 million yuan (growth rate of 104% YoY) - 2026E: 1,075 million yuan (growth rate of 57% YoY) [2][5]. - The price-to-earnings (P/E) ratios based on the closing price on April 29, 2024, are projected to be 108.3 for 2024E, 52.9 for 2025E, and 33.7 for 2026E [2][5]. Industry Insights - The report notes a consolidation in the industry as smaller companies face financial pressures, which is expected to benefit leading firms like the one being analyzed [4][5]. - The trend towards domestic production is highlighted as a significant factor, with leading companies benefiting from cost advantages and improved competitive positioning [4][5]. - The semiconductor industry is experiencing a recovery phase, with the company positioned well to capitalize on this trend through its extensive product offerings and customer base [4][5].

Investment Rating - The investment rating for the company is "Buy" (maintained) [2] Core Views - The company experienced a revenue and profit recovery in Q1 2024, with a year-on-year revenue increase of 42.03% and a net profit increase of 80.04% [5][6] - The company is expected to benefit from the recovery in the consumer electronics, automotive electronics, and AI chip sectors, leading to a positive outlook for 2024-2026 [5][6] - The company has maintained a strong focus on R&D, with R&D expenses increasing by 17.78% year-on-year, reflecting confidence in long-term growth [6] Financial Performance Summary - In 2023, the company achieved a revenue of 2.616 billion, down 17.94% year-on-year, and a net profit of 281 million, down 67.86% year-on-year [5][7] - For Q1 2024, the company reported a revenue of 729 million, up 42.03% year-on-year, and a net profit of 54 million, up 80.04% year-on-year [5][7] - The gross margin for Q1 2024 was 52.49%, showing a slight improvement from the previous quarter [5][6] Product Development and Market Position - The company launched over 900 new products in 2023, focusing on high precision and advanced technology, enhancing its product matrix [6] - The R&D team has grown to 1,029 employees, accounting for 72.72% of the total workforce, indicating a strong commitment to innovation [6] Earnings Forecast - The company is projected to achieve net profits of 335 million, 770 million, and 1.179 billion for 2024, 2025, and 2026 respectively, with corresponding EPS of 0.71, 1.64, and 2.51 [5][7]

先有一个问题是想请教一下这个群众这边对就是因为其实我们也可以看到就刚刚才在宣传介绍的时候我们可以看到我们在费用的这个支出方面其实一直以来我们的这个研发费用率其实都是一个偏高的当然我们也知道就是可能设计类的公司大部分的这个 往后的发展其实是需要高额的研发去支持去支撑的然后所以说我想问一下其实从研发的占比来讲其实去年基本上也是在28个点左右那么往后来看的话我们像研发这块的投入整体的话是会维持一个持续这么高的一个比例还是说随着我们后续规模的一个扩大整体的费用率可能会研发费用率可能会往下走一点这是第一个 这个这个思路上的一个问题然后然后第二个呢就是说我们其实也呃研究这个海外的这些呃模拟的这个这些公司啊其实整体来看的话呃除了我们内生的这个研发支出然后呃拓展这个新的品类之外其实海外的这些呃龙头的这个这个这个模拟的公司还是通过这种订购的方式然后快速的去扩大他的这个呃产品品类也是一个非常 有效的一个扩大的路径那么就在这一块的话我们是不是后续在这一块会有一些相应的发力点然后第三个就是说我们对于公司自身的一个定位来讲的话我们的这样一个中长期的这样的一个目标我们希望是能够达到一个什么样的水平或者是什么样的一个规模反正这几个小问题然 ...

电子 公 2024年04月29日 司 报 圣邦股份(300661.SZ) 告 24年1季度经营形势好转，营收及业绩均实现高增 推荐 ( 维持 ) 事项： 公司公布2023年年报及2024年1季度报。报告显示，2023年公司实现营业收 股价:77.1元 入26.16亿元，同比下降17.94%；实现归母净利润2.81亿元，同比下降 公 主要数据 67.86%；实现扣非归母净利润2.12亿元，同比下降74.99%；公司利润分配预 行业 电子 司 案为每10股派发现金红利1元（含税），不送红股，不以资本公积转增股本。 公司网址 www.sg-micro.com ...

Investment Rating - The report maintains a "Buy" rating for the company [1][4][17] Core Views - The company achieved a revenue of 2.616 billion yuan in 2023, a year-on-year decrease of 17.94%, with a net profit attributable to shareholders of 281 million yuan, down 67.86% year-on-year [1] - In the first quarter of 2024, the company reported a revenue of 729 million yuan, representing a year-on-year growth of 42% [1] - The company has increased its R&D investment, launching over 900 new products in 2023, with R&D expenses rising by 18% to 737 million yuan [1] - The company is positioned as a platform enterprise for analog chips, with projected net profits of 478 million yuan, 772 million yuan, and 1.057 billion yuan for 2024, 2025, and 2026 respectively [1][2] Financial Performance Summary - Revenue (in million yuan): 2022: 3,188; 2023: 2,616; 2024E: 3,226; 2025E: 3,915; 2026E: 4,711 [2] - Net profit (in million yuan): 2022: 874; 2023: 281; 2024E: 478; 2025E: 772; 2026E: 1,057 [2] - Gross margin decreased by 9.4 percentage points to 49.60% in 2023 due to market competition and product structure changes [1] - The company has a projected PE ratio of 71, 44, and 32 for the years 2024, 2025, and 2026 respectively [1][2]

圣邦微电子（北京）股份有限公司 外汇衍生品交易业务管理制度 第一章 总 则 第一条 为规范对圣邦微电子（北京）股份有限公司（以下简称"本公司"或"公 司"）外汇衍生品交易业务及相关信息披露工作，加强对外汇衍生品交易业务的管理， 健全和完善公司外汇衍生品交易业务管理机制，防范投资风险，确保公司资产安全，根 据《中华人民共和国公司法》《中华人民共和国证券法》《中华人民共和国外汇管理条 例》《深圳证券交易所创业板股票上市规则》《深圳证券交易所上市公司自律监管指引 第2号——创业板上市公司规范运作》以及《圣邦微电子（北京）股份有限公司章程》 （以下简称《 公司章程》）等有关规定，结合公司实际情况，特制定本制度。 第二条 本制度适用于公司及下属全资、控股子公司（以下简称"子公司"）的外汇 衍生品交易业务。未经公司同意，公司子公司不得进行外汇衍生品交易业务。 第三条 本制度所称的外汇衍生品交易业务是指为满足正常经营和业务需要，与具有 相关业务经营资质的银行等金融机构开展的用于规避及防范外汇汇率或外汇利率风险的 各项业务，包括但不限于远期结售汇、外汇掉期、外汇期权、利率互换、利率掉期等产 品或者混合上述产品特征的金融工具。 ...