中国深圳市南山区前海大道前海嘉里商务中心 T2 栋 1401A 室 邮政编码 518054 电话: (86-755) 2155-7000 传真: (86-755) 2155-7099 北京市竞天公诚（深圳）律师事务所 关于星宸科技股份有限公司 2025 年年度股东会的法律意见书 致：星宸科技股份有限公司 北京市竞天公诚（深圳）律师事务所（以下简称"本所"）接受星宸科技股份 有限公司（以下简称"公司"）的委托，指派林文博律师、徐建律师（以下合称"本 所律师"）出席公司2025年年度股东会（以下简称"本次股东会"），对本次股东会 进行见证并就相关事项出具本法律意见书。 为出具本法律意见书，本所律师审查了公司提供的有关召开本次股东会相关 文件的原件或影印件，包括但不限于： 1. 公司于 2026 年 3 月 10 日刊载的《星宸科技股份有限公司 2025 年度董事 会工作报告》等系列公告（以下简称"《股东会资料》"）； 2. 公司于 2026 年 3 月 10 日刊载的《星宸科技股份有限公司关于召开 2025 年年度股东会的通知》（以下简称"《股东会通知》"）； 3. 公司于 2026 年 3 月 10 日刊载的《 ...

1、本次股东会未出现否决议案的情形。 2、本次股东会不涉及变更以往股东会已通过的决议。 证券代码：301536 证券简称：星宸科技 公告编号：2026-024 星宸科技股份有限公司 2025年年度股东会会议决议公告 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。 特别提示： 一、会议召开和出席情况 1、会议召开时间： （1）现场会议时间：2026年3月31日（星期二）下午14:00 （2）网络投票时间：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：2026年3月31日的交易时间，即9:15-9:25，9:30-11:30和13:00-15:00；通过 深圳证券交易所互联网投票系统进行投票的具体时间为：2026年3月31日9:15- 15:00期间的任意时间。 2、召开地点：厦门市同安区后詹路1号公司会议室 3、召开方式：现场投票与网络投票相结合的方式 4、召集人：星宸科技股份有限公司（以下简称"公司"）董事会 5、会议主持人：董事长林永育先生 6、本次股东会的召集、召开及表决程序符合《中华人民共和国公司法》 《上市公司股东会规则》《深圳证券交易所创业板 ...

中国国际金融股份有限公司 关于星宸科技股份有限公司 | 事 项 | 存在的问题 | 采取的措施 | | --- | --- | --- | | 1.信息披露 | 无 | 不适用 | | 2.公司内部制度的建立和执行 | 无 | 不适用 | | 3．"三会"运作 | 无 | 不适用 | | 4.控股股东及实际控制人变动 | 无 | 不适用 | | 5.募集资金存放及使用 | 无 | 不适用 | | 6.关联交易 | 无 | 不适用 | | 7.对外担保 | 无 | 不适用 | | 8.购买、出售资产 | 无 | 不适用 | | 9.其他业务类别重要事项（包括 对外投资、风险投资、委托理财、 | 无 | 不适用 | 2 | 事 项 | 存在的问题 | 采取的措施 | | --- | --- | --- | | 财务资助、套期保值等） | | | | 10．发行人或者其聘请的中介机 | 无 | 不适用 | | 构配合保荐工作的情况 | | | | 11.其他（包括经营环境、业务发 | | | | 展、财务状况、管理状况、核心 | 无 | 不适用 | | 技术等方面的重大变化情况） | | | 三、公司及股东承诺事项 ...

证券代码：301536 证券简称：星宸科技 公告编号：2026-023 星宸科技股份有限公司 关于向香港联交所递交境外上市股份（H 股）发行并 上市申请的进展公告 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。 星宸科技股份有限公司（以下简称"公司"） 正在申请境外发行股份（H 股） 并在香港联合交易所有限公司（以下简称"香港联交所"）主板挂牌上市（以下 简称"本次发行上市"）的相关工作。公司已于 2025 年 9 月 26 日向香港联交 所递交本次发行并上市的申请，并于同日在香港联交所网站上刊登本次发行并上 市的申请资料。 根据本次发行上市的时间安排及香港联交所的相关规定，公司已于 2026 年 3 月 27 日向香港联交所更新递交了本次发行上市的申请，并于同日在香港联交 所网站刊登了本次发行上市的更新申请资料。该申请资料为公司按照香港证券及 期货事务监察委员会（以下简称"香港证监会"）及香港联交所的要求编制和刊 发，为草拟版本，其所载资料可能会适时作出更新和修订。 鉴于本次发行并上市的认购对象仅限于符合相关条件的境外投资者及依据 中国相关法律法规有权进行境 ...

SigmaStar Technology Ltd. 星宸科技股份有限公司 （「本公司」） （於中華人民共和國註冊成立的股份有限公司） 香港聯合交易所有限公司與證券及期貨事務監察委員會對本申請版本的內容概不負責，對其準確性或完整 性亦不發表任何意見，並明確表示概不就因本申請版本全部或任何部分內容而產生或因倚賴該等內容而引 致的任何損失承擔任何責任。 的申請版本 警告 本申請版本乃根據香港聯合交易所有限公司（「聯交所」）及證券及期貨事務監察委員會（「證監會」）的要求 而刊發，僅用作提供資訊予香港公眾人士。 本申請版本為草擬本，其內所載資訊並不完整，亦可能會作出重大變動。閣下閱覽本文件，即代表閣下知 悉、接納並向本公司、本公司的保薦人、整體協調人、顧問或包銷團成員表示同意： 倘於適當時候向香港公眾人士提出要約或邀請，準投資者務請僅依據於香港公司註冊處處長註冊的本公司 招股章程作出投資決定；招股章程的文本將於發售期內向公眾刊發。 (a) 本文件僅為向香港公眾人士提供有關本公司的資料，概無任何其他目的；不應根據本文件中的資料 作出任何投資決定； (b) 在聯交所網站登載本文件或任何補充、修訂或更換附頁，並不引起本公司、 ...

The Stock Exchange of Hong Kong Limited and the Securities and Futures Commission take no responsibility for the contents of this Application Proof, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this Application Proof. Application Proof of SigmaStar Technology Ltd. 星宸科技股份有限公司 (the "Company") (A joint stock company incorporated in the People's Republic o ...

Group 1: Company Overview and Value Management - The company has implemented various strategies for value management, including cash dividends, stock incentives, and investor relations management, to enhance company value and investor confidence [2][3]. - In 2025, the company plans to distribute cash dividends of 125,991,116.70 CNY (including tax), which accounts for 40.86% of the net profit attributable to shareholders [3]. - The company has executed two stock incentive plans to retain core talent and stimulate team vitality, ensuring high growth and stable returns for shareholders [3]. Group 2: Investment and Mergers - In 2025, the company completed 4 equity investments and 1 acquisition, focusing on AI-related sectors, including a cash acquisition of Shanghai Furui Kun Microelectronics [4]. - Future investments will target high-quality companies in core areas such as connectivity, automotive, and robotics, with a global perspective to enhance industry layout and growth potential [4]. Group 3: Investor Relations and Communication - The company conducted approximately 175 investor communication events in 2025, engaging over 30 brokerages and 90 institutions, to attract long-term investors and reduce stock price volatility [5]. - Regular public events, such as the annual developer conference, are held to showcase the company's business layout and core technology advantages, enhancing investor understanding and market attention [5]. Group 4: ESG Initiatives - The company initiated ESG-related work in its second year post-IPO, forming a dedicated team to improve its ESG management system, with the first ESG report disclosed alongside the 2025 annual report [5]. - The company has been included in major indices, such as the Shenzhen Component Index and the ChiNext Index, and was recognized as one of the "Top 50 Value Companies" on the ChiNext, reflecting market recognition [5]. Group 5: Future Growth and R&D - Starting in 2026, the company will enter a phase of concentrated R&D results, transitioning from steady growth to rapid growth, with a focus on high-margin products [10][14]. - The product structure will be upgraded to advanced processes, with plans to release new laser radar chips and other high-margin products, which are expected to enhance profitability [10][14]. Group 6: Market Challenges and Strategies - The company is addressing the rising prices of storage chips by implementing cost transfers and optimizing product and customer structures to alleviate cost pressures [8]. - A diversified supply chain and customer base are maintained to mitigate risks associated with geopolitical tensions, ensuring stable operations [11].

Investment Rating - The report maintains a "Positive" investment rating for the industry [2] Core Insights - LPU is a new generation chip designed for large model inference, centered around the TSP architecture, which optimizes the execution order and timing of instructions, enhancing performance and reducing hardware complexity [3][11] - LPU can significantly reduce inference latency in large models, improving user experience by addressing memory bandwidth bottlenecks during the decoding phase [7][41] - The LPU market is poised for rapid growth, having entered the initial production phase, with a substantial increase in token consumption driving demand for inference chips [7][69] Summary by Sections Section 1: LPU and TSP Architecture - LPU is a custom chip for large model inference, designed for compute-intensive tasks with a focus on optimizing inference efficiency [11] - The TSP architecture includes five functional slices, allowing for deterministic instruction execution and improved performance [17][28] - The design enables software-defined hardware, where the compiler can directly control the chip's hardware state [30] Section 2: Reducing Inference Latency - Inference latency is closely linked to user experience, primarily occurring during the decoding phase, which is bandwidth-constrained [41][61] - LPU's faster memory bandwidth addresses these latency issues, enhancing the overall performance of large models [62] - The LPU-based models offer faster inference speeds and cost-effectiveness, with significant performance metrics reported [64][67] Section 3: Market Potential and Production - The rapid growth in token consumption indicates a high growth potential for the inference chip market, with projections showing a significant increase in market size by 2031 [69][70] - LPU has entered the initial production phase, with both international and domestic companies advancing in the market [71][74]

Investment Rating - The investment rating for the company is "Buy" (maintained) [4] Core Insights - The company reported a total operating revenue of 2.972 billion yuan for 2025, representing a year-on-year growth of 26.28%, and a net profit attributable to shareholders of 308 million yuan, up 20.33% year-on-year [2][7] - The company is a global leader in visual AI SoC design and supply, with its main revenue segments being intelligent security, smart IoT, and intelligent automotive, contributing 65%, 22%, and 11% to revenue respectively [2] - The company has made strategic investments in three projects focusing on core areas such as 3D perception and low-light imaging, which are expected to enhance its market position [2] - The company achieved a historical high in quarterly revenue of approximately 806 million yuan in Q4 2025, with a year-on-year growth of about 49.01% and a net profit of approximately 106 million yuan, marking a year-on-year increase of about 76.91% [2] Financial Performance Summary - For the fiscal year 2025, the company achieved a total revenue of 2.972 billion yuan, with a profit margin of approximately 34.16% [2][8] - The projected revenue for 2026 is adjusted to 3.998 billion yuan, with a net profit forecast of 614 million yuan, reflecting a significant increase from previous estimates [7] - The company is expected to maintain a gross margin of around 36.4% in 2026, with a net profit margin of 15.3% [8]

Investment Rating - The report maintains a "Strong Buy" rating for the company, expecting it to outperform the benchmark index by over 20% in the next six months [7][22]. Core Insights - The company achieved a revenue of 2.972 billion yuan in 2025, representing a year-over-year growth of 26.28%. The net profit attributable to shareholders was 308 million yuan, with a year-over-year increase of 20.33%. In Q4 alone, revenue reached 806 million yuan, marking a year-over-year growth of 49.01% and a quarter-over-quarter increase of 5.60% [1][7]. - The company is transitioning into a multi-domain platform SoC provider, leveraging its core technology advantages in "perception + computation + connectivity" to expand into emerging fields such as automotive LiDAR and mobile imaging devices [7]. - The company has increased its investment in Yuan Chuan Micro, raising its stake from 3.3% to 6.6%, to collaborate on LPU architecture inference chips, which are expected to be significant in future technology routes [7]. Financial Summary - The company forecasts total revenue to grow to 3.801 billion yuan in 2026, with a year-over-year growth rate of 27.9%. Net profit is expected to reach 634 million yuan, reflecting a substantial increase of 105.5% [3][8]. - Earnings per share (EPS) is projected to rise from 0.73 yuan in 2025 to 1.50 yuan in 2026, with a price-to-earnings (P/E) ratio of 110 in 2025, decreasing to 54 in 2026 [3][8]. - The company’s total assets are estimated to grow from 5.215 billion yuan in 2025 to 7.222 billion yuan by 2028, indicating a strong asset growth trajectory [8].