Investment Rating - The report maintains an "Overweight" rating for the company, indicating a positive outlook despite short-term challenges [1] Core Views - The company's performance in 2023 was under pressure due to weak global semiconductor demand, with a significant year-on-year decline in net profit [1] - However, Q4 2023 showed a notable improvement, driven by a recovery in consumer electronics demand [1] - The company is expected to benefit from downstream customer demand and product portfolio expansion in H1 2024, potentially leading to better-than-expected performance [1] - The company is a leading domestic analog platform, continuously expanding its product offerings, with over 4,600 products available for sale as of H1 2023 [2] - The company's R&D efforts are yielding high-end, multifunctional, and complex products, positioning it for future growth as downstream demand recovers [2] Financial Performance - The company's 2023 net profit is forecasted to be between 262 million and 332 million yuan, a year-on-year decline of 70%-62% [1] - Q4 2023 net profit is estimated to be between 120 million and 190 million yuan, showing significant sequential improvement [1] - Revenue growth in 2023 is expected to decline by 17.46%, but a recovery is projected in 2024 and 2025 with growth rates of 24.92% and 25.15%, respectively [3] - The company's ROE (diluted) is expected to rebound from 8.52% in 2023 to 14.25% in 2024 and 16.63% in 2025 [3] Market and Industry Analysis - The consumer electronics market is gradually recovering, with global smartphone shipments increasing by 7.8% year-on-year in Q1 2024 [1] - The industrial control and communication markets remain under pressure, with a recovery expected in H2 2024 [1] - The company's downstream applications are primarily in consumer electronics and industrial sectors, with consumer electronics accounting for approximately 50% of revenue in H1 2023 [1] Valuation and Forecast - The report revises down the company's net profit forecasts for 2023-2025 to 313 million, 602 million, and 825 million yuan, respectively, reflecting adjustments of -60%, -44%, and -38% [2] - The company's PE ratios for 2023-2025 are projected at 101X, 52X, and 38X, respectively [2] - The company's PB ratios for 2023-2025 are estimated at 8.6X, 7.4X, and 6.3X, respectively [7] Product and R&D - The company launched over 300 new products with independent intellectual property rights in H1 2023, including high-precision voltage references and advanced DC-DC buck chips [2] - The company has 909 R&D personnel, with 34% having over 10 years of experience in the integrated circuit industry [2]

证券代码：300661 证券简称：圣邦股份 公告编号：2024-003 圣邦微电子（北京）股份有限公司 关于公司与专业机构合作设立投资基金的进展公告 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。 圣邦微电子（北京）股份有限公司（以下简称"公司"）于 2023 年 2 月 17 日在巨潮资讯网（http://www.cninfo.com.cn/new/index）上披露了《关于公司与专 业机构合作设立投资基金的公告》（公告编号：2023-002），公司作为有限合伙 人以自有资金人民币 5,000 万元参与投资设立盈富泰克（北京）科技创新股权投 资基金（有限合伙）（以下简称"合伙企业"）。 公司于 2023 年 3 月 13 日披露了《关于公司与专业机构合作设立投资基金的 进展公告》（公告编号：2023-004），合伙企业已取得北京经济技术开发区市场 监督管理局颁发的《营业执照》。 公司于 2023 年 4 月 12 日披露了《关于公司与专业机构合作设立投资基金的 进展公告》（公告编号：2023-005），合伙企业已在中国证券投资基金业协会完 成备案手续，并取得 ...

Investment Rating - The investment rating for the company is "Buy" [4][11]. Core Views - The company's net profit attributable to shareholders in Q4 2023 is expected to show significant improvement, with a quarter-on-quarter increase of 129% to 262% [1]. - The global analog chip market is projected to recover in 2024, with the company focusing on analog chip products and a balanced distribution across downstream applications [1]. - The company has established a comprehensive analog platform, with over 4,600 saleable models and a diverse customer base of around 5,000 [1]. - The company is expected to enter a new growth phase as previous R&D investments begin to yield returns [1]. Financial Forecasts and Metrics - The company is projected to achieve a net profit of 295 million to 475 million yuan in 2024, with an EPS of 1.02 yuan [2][9]. - Revenue is expected to grow from 2.64 billion yuan in 2023 to 3.26 billion yuan in 2024, reflecting a year-on-year increase of 23.2% [2][9]. - The company's EBIT margin is forecasted to improve from 10.5% in 2023 to 14.7% in 2024 [2][9]. - The projected P/E ratios for 2024 and 2025 are 59.6x and 37.2x, respectively [2][9].

证券代码：300661 证券简称：圣邦股份 公告编号：2024-001 圣邦微电子（北京）股份有限公司 关于公司与专业机构合作设立投资基金的进展公告 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。 圣邦微电子（北京）股份有限公司（以下简称"公司"）于 2023 年 2 月 17 日在巨潮资讯网（http://www.cninfo.com.cn/new/index）上披露了《关于公司与专 业机构合作设立投资基金的公告》（公告编号：2023-002），公司作为有限合伙 人以自有资金人民币 5,000 万元参与投资设立盈富泰克（北京）科技创新股权投 资基金（有限合伙）（以下简称"合伙企业"）。 公司于 2023 年 3 月 13 日披露了《关于公司与专业机构合作设立投资基金的 进展公告》（公告编号：2023-004），合伙企业已取得北京经济技术开发区市场 监督管理局颁发的《营业执照》。 公司于 2023 年 4 月 12 日披露了《关于公司与专业机构合作设立投资基金的 进展公告》（公告编号：2023-005），合伙企业已在中国证券投资基金业协会完 成备案手续，并取得 ...

证券代码：300661 证券简称：圣邦股份 公告编号：2023-062 （三）2023 年 9 月 13 日，公司 2023 年第一次临时股东大会审议通过了《关 圣邦微电子（北京）股份有限公司 关于 2023 年股票期权激励计划首次授予登记完成的公告 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。 重要内容提示： 根据《上市公司股权激励管理办法》《圣邦微电子（北京）股份有限公司 2023 年股票期权激励计划（草案）》以及深圳证券交易所、中国证券登记结算 有限责任公司深圳分公司有关业务规则的规定，圣邦微电子（北京）股份有限公 司（以下简称"公司"）已完成 2023 年股票期权激励计划（以下简称"本激励 计划"）首次授予登记工作，现将有关情况公告如下： 一、本激励计划已履行的审批程序 （一）2023 年 8 月 28 日，公司召开第四届董事会第十五次会议、第四届监 事会第十四次会议审议通过了《关于<圣邦微电子（北京）股份有限公司 2023 年股票期权激励计划（草案）>及其摘要的议案》等相关议案。公司独立董事发 表了同意的独立意见。 （二）2023 年 8 月 29 ...

Financial Performance - The company's revenue for Q3 2023 was ¥732,739,998.70, a decrease of 3.70% compared to the same period last year[3]. - Net profit attributable to shareholders was ¥52,408,655.46, down 75.13% year-on-year[3]. - The net profit after deducting non-recurring gains and losses was ¥44,658,090.46, reflecting a decline of 77.65% compared to the previous year[3]. - The basic earnings per share for the quarter was ¥0.1121, a decrease of 75.31% year-on-year[3]. - Total revenue for Q3 2023 was approximately ¥1.88 billion, a decrease of 22% compared to ¥2.41 billion in Q3 2022[17]. - The net profit for Q3 2023 was approximately ¥136.27 million, a significant decrease from ¥741.48 million in the same period last year, representing a decline of about 81.6%[18]. - Operating profit for Q3 2023 was ¥156.71 million, compared to ¥844.33 million in Q3 2022, indicating a decrease of approximately 81.5%[18]. - The total comprehensive income attributable to the parent company for Q3 2023 was approximately ¥146.13 million, down from ¥773.42 million in Q3 2022, indicating a decline of about 81.1%[18]. Assets and Liabilities - Total assets at the end of the reporting period were ¥4,462,486,014.55, an increase of 2.74% from the end of the previous year[3]. - Total assets as of September 30, 2023, were approximately ¥4.46 billion, an increase from ¥4.34 billion at the beginning of the year[16]. - Total liabilities decreased to approximately ¥798 million in Q3 2023 from ¥892 million in Q2 2023[15]. - The total equity attributable to shareholders increased to approximately ¥3.67 billion from ¥3.47 billion at the beginning of the year[16]. Cash Flow - The company's cash flow from operating activities showed a net outflow of ¥71,457,093.47, a decline of 107.72% year-on-year[3]. - The cash flow from operating activities for Q3 2023 was negative at ¥71.46 million, contrasting with a positive cash flow of ¥925.78 million in the same quarter last year[19]. - The company reported a net cash outflow from investing activities of ¥465.56 million in Q3 2023, compared to a larger outflow of ¥1.03 billion in Q3 2022[19]. - The company experienced a net cash inflow from financing activities of ¥29.58 million in Q3 2023, compared to a net outflow of ¥2.85 million in Q3 2022[20]. - The company's cash and cash equivalents decreased to approximately ¥1.17 billion from ¥1.65 billion at the beginning of the year[14]. - Cash and cash equivalents at the end of Q3 2023 stood at approximately ¥1.14 billion, a decrease from ¥1.08 billion at the end of Q3 2022[20]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 19,857[9]. - The largest shareholder, Chongqing Hongshun Xiangtai Enterprise Management Co., Ltd., holds 19.26% of shares, totaling 90,345,865 shares[9]. - The second-largest shareholder, Chongqing Baoli Hongya Enterprise Management Co., Ltd., holds 8.32% of shares, totaling 39,009,322 shares[9]. - The total number of restricted shares at the beginning of the period was 19,483,096, with 4,561,897 shares released during the period, resulting in 19,525,901 restricted shares at the end[11]. - The shareholder Lin Lin holds 5.17% of shares, totaling 24,268,075 shares, with 18,201,056 shares frozen[9]. - The total number of shares held by the top ten shareholders with unrestricted conditions is 90,345,865 shares[9]. - The company maintains a consistent voting agreement among major shareholders to ensure unified decision-making[10]. Operational Metrics - Operating costs for Q3 2023 were approximately ¥1.68 billion, an increase of 7.3% from ¥1.56 billion in Q3 2022[17]. - R&D expenses for Q3 2023 reached approximately ¥550 million, up 25% from ¥440 million in Q3 2022[17]. - The company reported a net profit margin of approximately 10.8% for Q3 2023, down from 12.5% in Q3 2022[17]. - Total revenue from sales in Q3 2023 was ¥1.93 billion, down from ¥2.54 billion in Q3 2022, reflecting a decline of about 24.2%[19]. - Accounts receivable increased to approximately ¥170 million, up 54% from ¥110 million at the beginning of the year[14]. - Inventory increased to approximately ¥911 million, a rise of 30% from ¥702 million at the beginning of the year[14]. Tax and Incentives - The income tax expense decreased by 65.14% to ¥35,800,443.66, primarily due to a reduction in total profit[8]. - The company received cash from tax refunds amounting to ¥100.08 million in Q3 2023, compared to ¥50.11 million in the same period last year, showing an increase of approximately 99.4%[19]. - The company approved the 2023 Stock Option Incentive Plan on August 28, 2023, and it was ratified by the shareholders on September 13, 2023[12]. - The board granted stock options to eligible incentive objects for the first time on September 13, 2023[13].

编号： 证券代码：300661 证券简称：圣邦股份 圣邦微电子（北京）股份有限公司 投资者关系活动记录表 20230926 | --- | --- | --- | |----------------|-----------------------------|-------------------------------------------------------------| | | □特定对象调研 | □分析师会议 | | | □媒体采访 | □业绩说明会 | | 投资者关系活动 | □新闻发布会 | □路演活动 | | 类别 | □现场参观 | | | | ■其他 （ 电话会议 | ） | | | 近 500 家机构、约 720 | 位投资者参加交流： | | | | 广发证券股份有限公司，国信证券股份有限公司 | | | | 广发基金管理有限公司，诺安基金管理有限公司，银河基金管理 | | | | 有限公司，中国人寿资产管理有限公司，嘉实基金管理有限公 | | | | 司，国泰基金管理有限公司，鹏华基金管理有限公司，工银瑞信 | | | | 基金管理有限公司，天弘基金管理有限公司，易方达基金管理有 ...

上海荣正企业咨询服务（集团）股份有限公司 关于 圣邦微电子（北京）股份有限公司 2023 年股票期权激励计划 一、释义 | 独立财务顾问报告 | 指 | 《上海荣正企业咨询服务（集团）股份有限公司关于圣邦微电子 | | --- | --- | --- | | | | （北京）股份有限公司 2023 年股票期权激励计划首次授予相关事 | | | | 项之独立财务顾问报告》 | | 独立财务顾问 | 指 | 上海荣正企业咨询服务（集团）股份有限公司 | | 圣邦股份、本公司、 | 指 | 圣邦微电子（北京）股份有限公司（含下属分、子公司） | | 公司、上市公司 | | | | 本激励计划、本次激 | 指 | 圣邦微电子（北京）股份有限公司 2023 年股票期权激励计划（草 | | 励计划 | | 案） | | 股票期权、期权 | 指 | 公司授予激励对象在未来一定期限内以预先确定的价格和条件购 | | | | 买本公司一定数量股票的权利 | | 激励对象 | 指 | 按照本激励计划规定，获得股票期权的公司高级管理人员、核心 | | | | 管理人员及核心技术（业务）骨干 | | 授予日 | 指 | 公司向激励对 ...

证券代码：300661 证券简称：圣邦股份 公告编号：2023-055 圣邦微电子（北京）股份有限公司 第四届监事会第十五次会议决议的公告 本公司及监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、监事会会议召开情况 圣邦微电子（北京）股份有限公司（以下简称"公司"）第四届监事会第十 五次会议于 2023 年 9 月 13 日 16:00 在公司会议室召开。会议召集人按照《圣邦 微电子（北京）股份有限公司章程》（以下简称《公司章程》）的规定对本次临时 召开会议向各位参会监事进行了说明，全体监事一致同意豁免本次监事会提前通 知期限。 本次会议由监事会主席黄小琳女士召集并主持，应参会监事 3 名，实参会监 事 3 名。本次会议的召集、召开和表决程序均符合《中华人民共和国公司法》（以 下简称《公司法》）和《公司章程》的有关规定，会议决议合法有效。 二、监事会会议审议情况 经与会监事表决，形成如下决议： （一）审议通过《关于豁免提前发出监事会会议通知的议案》 监事会认为：本次召开监事会审议事项已与全体监事进行了事前沟通，全体 监事一致同意豁免会议通知应至少提前 5 日向监事 ...

二零二三年九月 北京市建国门北大街 8 号华润大厦 20 层 邮编：100005 电话：（86-10） 8519-1300 传真：（86-10） 8519-1350 junhebj@junhe.com 北京市君合律师事务所 关于 圣邦微电子（北京）股份有限公司 2023 年股票期权激励计划首次授予相关事项的 法律意见书 关于圣邦微电子（北京）股份有限公司 2023 年股票期权激励计划首次授予相关事项的法律意见书 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"）为具有从事法律业务资格的律师事务 所。本所受圣邦微电子（北京）股份有限公司（以下简称"圣邦股份"或"公司"）委 托，作为公司实施 2023 年股票期权激励计划（以下简称"2023 年激励计划"）的特聘 法律顾问，就公司 2023 年激励计划之首次授予（以下简称"本次授予"）的相关事项， 本所特出具《北京市君合律师事务所关于圣邦微电子（北京）股份有限公司 2023 年股 票期权激励计划首次授予相关事项的法律意见书》（以下简称"本法律意见书"）。 本法律意见书系根据《中华人民共和国公司法》（以下简称《公司法》）、《中华 人民共和国 ...