Group 1 - The core viewpoint of the news is that LeiDian Micro has been added to the U.S. Entity List, but the company believes this will not have a substantial impact on its operations [1] - LeiDian Micro is a leading provider of millimeter-wave micro-system solutions and has established a complete research, production, supply chain, and intellectual property system [1] - The company reported revenue of approximately 1.172 billion yuan for the first three quarters of 2024, a year-on-year increase of 61.61%, and a net profit of approximately 374 million yuan, up 41.44% year-on-year [1] Group 2 - The U.S. Department of Commerce added 13 entities to the Entity List, including 11 Chinese entities, on January 3 [2] - Among the entities listed is Aiguang Technology, which focuses on microwave circuits and semiconductor devices, and emphasizes self-reliance and core technology enhancement [2] - Aiguang Technology has achieved progress in integrated circuit design and MEMS design, ensuring the independence and reliability of its operations [2] Group 3 - According to the U.S. Export Administration Regulations, suppliers must apply for export licenses to sell controlled items to entities on the Entity List [3] - Aiguang Technology stated that being added to the Entity List will not have a substantial impact on its business and will continue to monitor the situation [3] - Yongxin Zhicheng, another company affected by the U.S. sanctions, is a leader in digital security and has developed core technologies in network security [3] Group 4 - Yongxin Zhicheng has no operations or assets in the U.S. and believes the sanctions will not significantly impact its business [4] - The company has consistently adhered to legal and regulatory compliance in its operations [4] - Yongxin Zhicheng opposes the unilateral sanctions imposed by the U.S. Treasury Department, claiming there is no factual basis for the designation [4]

2024年10月21日 证券研究报告|公司研究|军工公司点评 | --- | --- | --- | --- | |---------------------------------------------------------------------|-------------------------------|-----------------------------|------------------| | | | | | | 雷电微力（301050） | 投资评级 | | 买入 | | 2024 年报三季报点评: 营收与归母净利润创历史新 | | | 维持评级 | | | | 2024年 10月 18 日 | | | 高，下游应用拓展有望构筑新增长点 | 收盘价(元): | | 54.17 | | | 目标价(元): | | | | 报告摘要 | 公司基本数据 | | | | ◆ 事件：公司 10 月 15 日公告, 2024 年 Q1-Q3 公司营收（11.72 亿元, | 总股本(百万股) | | 243.56 | | +61.61%),归母净利润(3.74亿元,+41.44%),扣非归母净 ...

证券代码：301050 证券简称：雷电微力 公告编号：2024-054 成都雷电微力科技股份有限公司 关于 2022 年限制性股票激励计划首次授予第二期及 预留授予第一期归属条件成就的公告 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。 重要内容提示： 本次拟申请符合归属条件的首次授予激励对象 91 人，符合归 属条件的预留授予激励对象 10 人。 本次第二类限制性股票拟申请归属数量 1,229,940 股，其中首 次授予 895,860 股，预留授予 334,080 股，合计占目前公司股本总额 的 0.5%。 第二类限制性股票授予价格：首次及预留授予价格均为 24.22 元/股（调整后） 归属股票来源：公司向激励对象定向发行公司 A 股普通股股票。 本次归属的限制性股票待相关手续办理完成后，公司将发布相 关上市流通的公告，敬请投资者关注。 成都雷电微力科技股份有限公司（以下简称"公司"）于 2024 年 10 月 14 日召开了第二届董事会第十一次会议和第二届监事会第 十一次会议，会议审议通过了《关于 2022 年限制性股票激励计划首 次授予第二期及预留授予 ...

证券代码：301050 证券简称：雷电微力 公告编号：2024-055 成都雷电微力科技股份有限公司 关于作废部分已授予但尚未归属的 2022 年激励计划限制性股票的公告 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。 成都雷电微力科技股份有限公司（以下简称"公司"）于 2024 年 10 月 14 日召开第二届董事会第十一次会议，会议审议通过了《关于作废部分 已授予但尚未归属的 2022 年激励计划限制性股票的议案》。现将有关事项 说明如下： 一、2022 年限制性股票激励计划已履行的相关审批程序 1.2022 年 9 月 15 日，公司召开第一届董事会第二十五次会议和第一 届监事会第十次会议，审议通过了《关于公司<2022 年限制性股票激励计 划（草案）>及其摘要的议案》《关于公司<2022 年限制性股票激励计划实 施考核管理办法>的议案》《关于核实公司<2022 年限制性股票激励计划激 励对象名单>的议案》等议案，公司独立董事就本激励计划发表了独立意见， 律师、独立财务顾问出具相应报告。 2.2022 年 9 月 19 日至 2022 年 9 月 29 ...

Revenue and Profit Growth - Revenue for the third quarter reached 470.96 million yuan, a year-on-year increase of 101.38%[3] - Net profit attributable to shareholders of the company for the third quarter was 165.43 million yuan, up 138.95% year-on-year[3] - Revenue for the first nine months of 2024 increased by 61.61% to 1,171,842,517.04 yuan compared to the same period in 2023, driven by increased product deliveries and acceptance[8] - Net profit grew by 41.44% to 373,800,096.54 yuan, primarily due to increased revenue recognition[9] - Total operating revenue increased to 1,171,842,517.04, up 61.6% compared to the previous period's 725,113,999.73[18] - Net profit reached 373,800,096.54, up 41.4% from the previous period's 264,281,075.87[19] - Basic earnings per share (EPS) stood at 1.55, up 42.2% from the previous period's 1.09[20] Asset and Liability Changes - Total assets as of the end of the third quarter were 3.63 billion yuan, a decrease of 20.35% compared to the end of the previous year[3] - Accounts receivable increased by 280.93% to 325.62 million yuan, mainly due to the completion of product acceptance and revenue recognition[6] - Inventory decreased by 30.21% to 1.28 billion yuan, as previously shipped goods were gradually accepted[6] - Contract liabilities decreased by 71.42% to 266.32 million yuan, primarily due to revenue recognition[7] - Retained earnings rose by 30.00% to 1.09 billion yuan, driven by increased profits[7] - The company's monetary funds decreased from RMB 1,056,969,687.65 to RMB 754,379,787.55, a decline of approximately 28.6%[15] - Trade receivables increased significantly from RMB 85,480,092.36 to RMB 325,617,778.15, a growth of approximately 280.9%[15] - Inventory decreased from RMB 1,839,812,854.38 to RMB 1,283,965,947.15, a reduction of approximately 30.2%[15] - Total current assets decreased from RMB 4,292,985,919.87 to RMB 3,357,100,854.10, a decline of approximately 21.8%[15] - Contract liabilities decreased from RMB 931,960,765.03 to RMB 266,319,302.55, a reduction of approximately 71.4%[16] - Total current liabilities decreased from RMB 1,872,647,568.62 to RMB 724,465,045.49, a decline of approximately 61.3%[16] - The company's total assets decreased from RMB 4,562,891,429.80 to RMB 3,634,186,581.45, a reduction of approximately 20.4%[17] - The company's total liabilities decreased from RMB 1,897,278,755.09 to RMB 756,557,705.55, a decline of approximately 60.1%[17] - Share capital increased from RMB 174,967,506.00 to RMB 243,561,828.00, a growth of approximately 39.2%[17] - Retained earnings increased from RMB 841,280,512.70 to RMB 1,093,668,658.60, a growth of approximately 30.0%[17] Cash Flow and Financial Activities - Cash flow from operating activities decreased by 163.24% to -201,167,936.37 yuan, mainly due to fewer sales contracts meeting payment conditions and lower sales collections compared to procurement payments[9] - Cash flow from investing activities increased by 627.73% to 153,378,247.27 yuan, driven by higher returns from cash management funds[9] - Cash flow from financing activities decreased by 813.73% to -250,481,260.61 yuan, primarily due to increased stock repurchases and dividend distributions[9] - Cash received from sales of goods and services was 356,908,328.35, a significant decrease from the previous period's 1,067,757,700.00[21] - Tax refunds received amounted to 55,482,986.15, down 17.1% from the previous period's 66,918,798.50[21] - Other income related to operating activities increased to 25,991,260.73, up 20.6% from the previous period's 21,556,061.69[21] - Operating cash flow for the quarter was -201.17 million RMB, compared to 318.10 million RMB in the same period last year[22] - Investment cash inflow totaled 1.89 billion RMB, a significant increase from 1.33 billion RMB in the previous year[22] - The company's cash and cash equivalents decreased by 298.27 million RMB, ending the quarter with 740.41 million RMB[22] - Employee compensation and benefits payments amounted to 79.95 million RMB, down from 88.67 million RMB year-over-year[22] - Tax payments increased to 49.34 million RMB, up from 41.45 million RMB in the same period last year[22] - The company's investment cash outflow was 1.74 billion RMB, compared to 1.32 billion RMB in the previous year[22] - Financing activities resulted in a net cash outflow of 250.48 million RMB, significantly higher than the 27.41 million RMB outflow in the same period last year[22] - Dividend payments and interest expenses totaled 122.20 million RMB, a substantial increase from 26.95 million RMB year-over-year[22] - The company's total cash and cash equivalents at the beginning of the quarter were 1.04 billion RMB[22] Operating Costs and Expenses - Operating costs rose by 89.66% to 655,889,083.29 yuan, outpacing revenue growth and resulting in lower gross margins compared to the previous year[8] - R&D expenses increased by 42.99% to 64,881,149.21 yuan, reflecting higher R&D investments and the impact of the 2023 restricted stock incentive plan[8] - Operating costs rose to 798,245,384.01, a 82.2% increase from the previous period's 438,067,994.11[18] - R&D expenses increased to 64,881,149.21, a 43% rise compared to the previous period's 45,373,243.53[19] Non-Recurring Items and Other Income - Non-recurring gains and losses for the quarter amounted to 6.32 million yuan, including gains from financial asset transactions[5] - Other income surged by 349.02% to 58,148,747.24 yuan, mainly due to VAT refunds received during the period[8] Shareholder Information - The company's largest shareholder, Deng Jieru, holds 19.43% of the shares, with 35,490,719 shares under restricted conditions[10] - The top 10 shareholders collectively hold a significant portion of the company's shares, with notable holdings by Chen Fashu (9.00%) and Chongqing Yida Enterprise Management Partnership (3.70%)[10] Tax and Financial Obligations - Income tax payable increased by 255.65% to 43.48 million yuan, mainly due to an increase in corporate income tax[7] Financial Ratios and Performance Metrics - The company's weighted average return on equity for the quarter was 5.81%, an increase of 3.12 percentage points year-on-year[3] Audit and Reporting - The third quarter financial report was not audited[23]

证券代码：301050 证券简称：雷电微力 公告编号：2024-051 成都雷电微力科技股份有限公司 关于第二届监事会第十一次会议决议的公告 本公司及监事会全体成员保证信息披露内容真实、准确、完整，没有 虚假记载、误导性陈述或重大遗漏。 本议案无需提交公司股东大会审议。 （二）会议以 2 票同意、0 票反对、0 票弃权、1 人回避审议通过《关 于调整 2022 年限制性股票激励计划首次/预留限制性股票授予价格及数量 的议案》 经审议，监事会认为：公司 2023 年度权益分派方案和 2024 年半年度 权益分派方案已实施完毕，董事会根据公司《2022 年激励计划（草案）》 的有关规定以及 2022 年第三次临时股东大会授权，对公司 2022 年激励计 划首次/预留授予限制性股票的授予价格及数量进行调整。本次调整程序合 法合规，不存在损害公司及全体股东利益的情形。 具体内容请详见公司同日在巨潮资讯网（www.cninfo.com.cn）披露的 《关于调整 2022 年限制性股票激励计划首次/预留限制性股票授予价格及 数量的公告》（编号：2024-053）。 一、监事会会议召开情况 成都雷电微力科技股份有限公司（以 ...

北京中伦（成都）律师事务所 关于成都雷电微力科技股份有限公司 2023 年限制性股票激励计划授予价格及授予数量调 整、首次授予部分第一个归属期归属条件成就、预 留部分授予及部分限制性股票作废事项的 法律意见书 二〇二四年十月 四川省成都市高新区天府大道北段 966 号天府国际金融中心南塔 25 层-26 层 邮编：610041 25-26/F, South Tower of Tianfu International Finance Center, 966 North Tianfu Avenue, High-tech Zone, Chengdu, Sichuan 610041, P. R. China 电话/Tel : +86 28 6208 8001 传真/Fax : +86 28 6208 8111 www.zhonglun.com 北京中伦（成都）律师事务所 关于成都雷电微力科技股份有限公司 2023 年限制性股票激励计划授予价格及授予数量调整、首次授 予部分第一个归属期归属条件成就、预留部分授予及部分限制 性股票作废事项的 法律意见书 致：成都雷电微力科技股份有限公司 北京中伦（成都）律师事务所（以下简 ...

北京中伦（成都）律师事务所 关于成都雷电微力科技股份有限公司 2022 年限制 性股票激励计划授予价格及授予数量调整、首次授 予部分第二个归属期及预留授予部分第一个归属期 归属条件成就及部分限制性股票作废事项的 四川省成都市高新区天府大道北段 966 号天府国际金融中心南塔 25 层-26 层 邮编：610041 25-26/F, South Tower of Tianfu International Finance Center, 966 North Tianfu Avenue, High-tech Zone, Chengdu, Sichuan 610041, P. R. China 电话/Tel : +86 28 6208 8001 传真/Fax : +86 28 6208 8111 www.zhonglun.com 北京中伦（成都）律师事务所 法律意见书 二〇二四年十月 1 法律意见书 下简称"《管理办法》"）、《深圳证券交易所创业板股票上市规则（2024 年修订）》 （以下简称"《创业板股票上市规则》"）及《深圳证券交易所创业板上市公司自 律监管指南第 1 号——业务办理（2024 年修订）》（以下简 ...

成都雷电微力科技股份有限公司 2023 年限制性股票激励计划 预留授予及首次授予第一期归属条件成就 相关事项之 独立财务顾问报告 证券简称：雷电微力 证券代码：301050 上海荣正企业咨询服务（集团）股份有限公司 关于 2024 年 10 月 | 一、释义 3 | | --- | | 二、声明 4 | | 三、基本假设 5 | | 四、本激励计划已履行的审批程序 6 | | 五、本激励计划的预留授予情况 8 | | 六、关于预留授予相关事项的独立财务顾问意见 13 | | 七、关于首次授予第一期归属条件成就相关事项的独立财务顾问意见 15 | | 八、备查文件及咨询方式 20 | 一、释义 在本独立财务顾问报告中，除非特别载明，以下简称具有如下含义： | 雷电微力、本公司、公司 | 指 | 成都雷电微力科技股份有限公司（含合并报表分、子公 | | --- | --- | --- | | | | 司） | | 限制性股票激励计划、 | 指 | 成都雷电微力科技股份有限公司 2023 年限制性股票激励 | | 本激励计划 | | 计划（草案） | | 限制性股票、第二类限制 | | 符合本激励计划授予条件的激励 ...

证券简称：雷电微力 证券代码：301050 上海荣正企业咨询服务（集团）股份有限公司 关于 成都雷电微力科技股份有限公司 2022 年限制性股票激励计划 首次授予第二期及预留授予第一期 归属条件成就 之 独立财务顾问报告 本独立财务顾问对本报告特作如下声明： （一）本报告所依据的文件、材料由雷电微力提供，本激励计划所涉及的 各方已向独立财务顾问保证：所提供的出具本报告所依据的所有文件和材料合 法、真实、准确、完整、及时，不存在任何遗漏、虚假或误导性陈述，并对其 合法性、真实性、准确性、完整性、及时性负责。本独立财务顾问不承担由此 引起的任何风险责任。 2024 年 10 月 | 一、释义 3 | | --- | | 二、声明 4 | | 三、基本假设 5 | | 四、本激励计划已履行的审批程序 6 | | 五、独立财务顾问意见 8 | | 六、备查文件及咨询方式 14 | 一、释义 在本独立财务顾问报告中，除非特别载明，以下简称具有如下含义： | 雷电微力、本公司、公司 | 指 | 成都雷电微力科技股份有限公司（含合并报表分、子公 | | --- | --- | --- | | | | 司） | | 限制性股 ...