证券代码：300672 证券简称：国科微 公告编号：2025-044 湖南国科微电子股份有限公司 关于筹划重大资产重组的停牌公告 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、误导性陈述或者重大遗漏。 一、停牌事由和相关安排 湖南国科微电子股份有限公司（以下简称"上市公司"、"公司"）正在 筹划通过发行股份及支付现金等方式购买资产并募集配套资金（以下简称"本 次交易"或"本次重组"）。经初步测算，本次交易预计构成《上市公司重大 资产重组管理办法》规定的重大资产重组，本次交易不会导致公司实际控制人 的变更，不构成重组上市。 因有关事项尚存不确定性，为了维护投资者利益，避免对公司证券交易造 成重大影响，根据深圳证券交易所的相关规定，经公司申请，公司股票（证券 简称：国科微，证券代码：300672）自 2025 年 5 月 22 日开市时起开始停牌。 公司预计在不超过 10 个交易日的时间内披露本次交易方案，即在 2025 年 6 月 6 日前按照《公开发行证券的公司信息披露内容与格式准则第 26 号——上市 公司重大资产重组》的要求披露相关信息。 若公司未能在上述期限内召开董事会审议并 ...

国科微（300672）公告，公司正在筹划通过发行股份及支付现金等方式购买资产并募集配套资金。经初 步测算，本次交易预计构成《上市公司重大资产重组管理办法》规定的重大资产重组，本次交易不会导 致公司实际控制人的变更，不构成重组上市。因有关事项尚存不确定性，公司股票自2025年5月22日开 市时起开始停牌，预计在不超过10个交易日的时间内披露本次交易方案。 ...

Market Overview - The Shanghai Composite Index rose by 0.38% on May 20, with 27 out of the 28 sectors experiencing gains, led by the beauty and personal care sector, which increased by 2.50% [2] - The electronic sector also saw an increase of 0.71% [2] Fund Flow Analysis - The main funds in the two markets experienced a net outflow of 1.037 billion yuan, with 18 sectors seeing net inflows [2] - The electronic sector had the highest net inflow of funds, totaling 2.673 billion yuan, followed by the pharmaceutical and biological sector with a net inflow of 1.555 billion yuan [2] Electronic Sector Performance - Within the electronic sector, 334 out of 461 stocks rose, with 7 hitting the daily limit [3] - The top three stocks with the highest net inflow were O-film Technology, with 1.788 billion yuan, followed by Yingfangwei and Wanrun Technology, with net inflows of 297 million yuan and 255 million yuan respectively [3] Top Gainers in Electronic Sector - O-film Technology saw a price increase of 9.97% with a turnover rate of 11.35% and a main fund flow of 1.788 billion yuan [4] - Yingfangwei increased by 10.04% with a turnover rate of 12.45% and a main fund flow of 297 million yuan [4] - Wanrun Technology rose by 10.03% with a turnover rate of 4.96% and a main fund flow of 255 million yuan [4] Top Losers in Electronic Sector - The stock with the highest net outflow was Guangzhi Technology, with a net outflow of 173.218 million yuan and a price increase of 4.61% [5] - Hanwujing had a net outflow of 143.987 million yuan with a price increase of 0.16% [5] - Landai Technology experienced a net outflow of 134.810 million yuan with a price decrease of 2.25% [5]

Group 1 - The company is actively expanding and comprehensively laying out its market in automotive AI chips and SerDes chips, targeting OEMs, Tier 1 customers, and solution companies, employing a strategy that covers the entire automotive electronics industry chain [2] - The company's current mass-producible automotive AI chips support camera resolutions from 1.3 million to 8 million pixels, with AI computing power ranging from 0.5 TOPS to 4 TOPS, and several chips have passed AEC-Q100 Grade 2 testing, meeting ISO26262 ASIL B functional safety requirements [2] - The company has completed testing of some automotive AI chips and SerDes chips, achieving excellent test metrics, and has begun customer expansion and multiple project implementations [2] Group 2 - For the 2025 performance growth points, the company plans to accelerate the promotion of existing products in the ultra-high-definition smart display field and actively develop set-top box solutions, while promoting the rapid implementation of the HarmonyOS in commercial display and education sectors [3] - In the smart vision field, the company is one of the few in the market with a dual-line layout in professional security and consumer IPC products, expecting to gain more market share with the launch of several product series in 2025 [3] - The company is advancing its "edge AI chip engine" strategy in the artificial intelligence sector, aiming for a computing power coverage of 0.5T to 8T, while actively integrating leading industry technologies and architectures [3] - The company's Wi-Fi 6 2T2R wireless LAN chip has been developed and debugged, with customer introduction gradually starting, which is significant for expanding the application areas and market share of its Wi-Fi products [3]

Group 1: Company Overview and Strategy - Hunan Guoke Microelectronics Co., Ltd. focuses on developing AI edge computing and wireless communication solutions, with a strategy centered around "ALL IN AI" [2][6] - The company aims to achieve comprehensive domestic substitution of wireless LAN chips across low, mid, and high-end markets [3][4] Group 2: Product Development and Innovations - The company has developed a Wi-Fi6 2T2R wireless LAN chip, supporting up to 1.2 Gbps with a compact QFN68 package, enhancing competitive edge in the market [3][4] - The MLPU chip concept has been introduced to address inefficiencies in traditional NPU chips, with a product range from 16TOPS to 100TOPS planned for AI applications [4][6] - The new 4K AI visual processing chip GK7606V1 series features a dual-core A55 processor and 2.5TOPS computing power, targeting smart security and drone applications [4][5] Group 3: Market Expansion and Client Engagement - The company is actively expanding its market presence in automotive AI chips, with products covering camera resolutions from 1.3 million to 8 million pixels and AI computing power from 0.5TOPS to 4TOPS [5][9] - Partnerships with major automotive manufacturers and Tier 1 suppliers are being established to enhance the automotive electronics supply chain [10] Group 4: Financial Performance and Projections - In 2024, the company plans to distribute cash dividends of 3.00 CNY per 10 shares, totaling approximately 64.8 million CNY, representing 66.7% of the net profit [10][11] - The revenue from the ultra-high-definition smart display series decreased by 70%, with sales of 774 million CNY, accounting for 39.15% of total revenue [11][12] Group 5: Talent Management and Corporate Governance - The company has implemented two rounds of restricted stock incentive plans since 2019, benefiting nearly 400 individuals with approximately 5 million shares granted [15][16] - A new round of restricted stock incentive plan is set to grant 3.26 million shares to up to 247 individuals, enhancing employee engagement and retention [15] Group 6: Ecosystem and Future Developments - The company is a key player in the HarmonyOS ecosystem, with five products certified for HarmonyOS 4.0 compatibility, and is developing products for HarmonyOS 5.0 [16][18] - Plans to introduce a compact, low-power insertion-type set-top box are underway, aiming for market launch in 2025 [18]

关于湖南国科微电子股份有限公司 2024年度股东大会的 法律意见书 致：湖南国科微电子股份有限公司 湖南启元律师事务所（以下简称"本所"）接受湖南国科微电子股份有限公司 （以下简称"公司"）的委托，指派本所律师出席了公司 2024 年度股东大会（以下 简称"本次股东大会"），对本次股东大会的召集和召开程序、出席会议人员及召 集人的资格、表决程序和表决结果的合法有效性进行现场律师见证，并发表本法 律意见。 本所律师根据《中华人民共和国公司法》（以下简称"《公司法》"）、《中 华人民共和国证券法》（以下简称"《证券法》"）、《上市公司股东大会规则》 （以下简称"《股东大会规则》"）等我国现行法律、法规、规范性文件以及《湖 南国科微电子股份有限公司章程》（以下简称"《公司章程》"）的有关规定出具 本法律意见书。 本所声明如下： （一）本所律师根据本法律意见书出具日以前已经发生或者存在的事实，严 格履行了法定职责，遵循了勤勉尽责和诚实信用原则，进行了充分的核查验证， 保证本法律意见所认定的事实真实、准确、完整，所发表的结论性意见合法、准 确，不存在虚假记载、误导性陈述或者重大遗漏，并承担相应法律责任。 （二）本所律师 ...

2024 年度股东大会决议公告 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。 证券代码：300672 证券简称：国科微 公告编号：2025-043 湖南国科微电子股份有限公司 特别提示： 1、本次股东大会期间无新增、否决或变更议案的情形。 2、本次股东大会不涉及变更以往股东大会已通过的决议。 一、会议召开和出席情况 1、现场会议召开日期、时间：2025 年 5 月 16 日（星期五）下午 14:30。 2、网络投票时间：2025 年 5 月 16 日上午 9:15 至 2025 年 5 月 16 日下午 15:00。其中，通过深圳证券交易所交易系统进行网络投票的具体时间为：2025 年 5 月 16 日上午 9:15-9:25，9:30-11:30 和下午 13:00-15:00；通过深圳证券交易 所互联网投票系统投票的具体时间为：2025 年 5 月 16 日上午 9:15 至下午 15:00 期间的任意时间。 3、现场会议召开地点：长沙经济技术开发区泉塘街道东十路南段 9 号湖南 国科微电子股份有限公司办公楼会议室 4、会议召开方式：本次股东大会采取现场 ...

证券代码：300672 证券简称：国科微 公告编号：2025-042 为充分尊重投资者、提升交流的针对性，现就公司2024年度业绩说明会提前 向投资者公开征集问题，广泛听取投资者的意见和建议。投资者可提前登录深圳 证券交易所"互动易"平台（http://irm.cninfo.com.cn）"云访谈"栏目，进入本次年 度业绩说明会问题征集专题页面进行提问。公司将在2024年度业绩说明会上，对 投资者普遍关注的问题进行回答。 欢迎广大投资者积极参与。 湖南国科微电子股份有限公司 关于举办2024年度业绩说明会的公告 本公司及董事会全体成员保证公告内容真实、准确和完整，公告不存在虚假 记载、误导性陈述或者重大遗漏。 湖南国科微电子股份有限公司（以下简称"公司"）2024年年度报告全文及摘 要已于2025年4月25日在巨潮资讯网（http://www.cninfo.com.cn/）上披露。 为便于广大投资者进一步了解公司2024年度经营情况，公司定于2025年5月 19日（星期一）15:00-17:00在深圳证券交易所提供的"互动易"平台举办2024年度 业绩说明会。本次年度业绩说明会将采用网络远程方式举行。投资者可 ...

Group 1: Macro Insights - The first round of China-US trade talks has made substantial progress, exceeding market expectations, which will inject more certainty and stability into the global economy, further highlighting the irreplaceability of Chinese manufacturing and enhancing the investment value of Chinese assets [3] - The latest comprehensive tariff rate imposed by the US on China has decreased to 42.5%, which is expected to reduce China's exports by 4.0-5.2 percentage points and GDP by 0.5-0.7 percentage points, indicating significant downward pressure on China's economy [3] - The report emphasizes the importance of monitoring three key areas regarding China-US negotiations: potential fluctuations in tariffs, the main topics of negotiation, and the progress of negotiations between the US and other countries that may involve China [3] Group 2: Convertible Bonds - The report indicates that balanced convertible bonds have a high risk premium and are suitable for long-term allocation, while timing strategies have not significantly improved performance [4] - Conversely, equity-linked convertible bonds have a low risk premium but high timing value, with strategies based on valuation improving risk-adjusted returns [4] Group 3: Communication Industry - The company focuses on the optical communication industry, with its main business covering optical chips and devices, benefiting from the rapid development of AI and increasing demand from data centers [5] - The projected net profits for the company are estimated at 382 million, 539 million, and 713 million yuan for 2025, 2026, and 2027, respectively, with corresponding PE ratios of 35, 25, and 19 [5] Group 4: Electronics Industry - The company is a leader in video codec technology and is expanding into new fields such as automotive electronics and edge AI, with a comprehensive product plan for AI SoC series [6] - Expected revenues for the company are projected to be 2.49 billion, 3.07 billion, and 3.63 billion yuan for 2025, 2026, and 2027, with net profits of 140 million, 230 million, and 310 million yuan, respectively [6] Group 5: Automotive Industry - The company reported a revenue of 3.6 billion yuan in 2024, a decrease of 8% year-on-year, while Q1 2025 revenue increased by 12% year-on-year, driven by growth in domestic new energy vehicle sales [8] - The company has maintained a competitive edge through continuous investment in technology and R&D, enhancing its production capabilities and expanding its product offerings [9][10]

Investment Rating - The report gives a "Buy" rating for the company, marking its first coverage [6]. Core Views - The company is a leading provider of AI and multimedia chip solutions in China, focusing on video encoding and decoding, solid-state storage, and IoT products. It is actively expanding into automotive computing chips and SerDes chips, which opens up further market opportunities [1][16]. - The company is expected to achieve a compound annual growth rate (CAGR) of 28.26% in revenue from 2020 to 2024, with projected revenues of CNY 1.978 billion in 2024, reflecting a 53% year-on-year decline due to a reduction in sales of low-margin products [1]. Summary by Sections Video Encoding Chips - The global IPC SoC market is projected to reach USD 1.09 billion by 2026, with the company expanding its product offerings to cover a full range of self-developed products from high-end to low-end [2]. - The company’s video encoding chips are designed to meet the increasing performance demands driven by AI trends in the security monitoring sector [2]. Video Decoding Chips - The company’s video decoding chips are evolving towards ultra-high-definition applications, with products supporting 4K and 8K resolutions, catering to the growing demand in broadcasting and commercial display markets [3]. Automotive Electronics Chips - The global market for automotive camera chips is expected to grow from USD 2.28 billion in 2021 to USD 8.79 billion by 2026. The company has successfully tested its automotive AI chips and SerDes chips, which are now being introduced to customers [4]. Solid-State Storage Chips - The company’s self-developed solid-state storage controller chips have achieved dual certification for national security and measurement, marking a significant step towards domestic substitution in the SSD market [5]. IoT Chips - The company has expanded its IoT business into wireless LAN chips, with its Wi-Fi 6 chip development completed and customer onboarding in progress [10]. Financial Forecast and Investment Suggestion - The company is expected to generate revenues of CNY 2.493 billion, CNY 3.067 billion, and CNY 3.635 billion in 2025, 2026, and 2027, respectively, with year-on-year growth rates of 26.0%, 23.0%, and 18.5% [10]. - The projected net profit for the same years is CNY 140 million, CNY 226 million, and CNY 314 million, with significant growth rates of 44.3%, 61.2%, and 39.0% [10].