Core Viewpoint - Guokewi (300672.SZ) is planning a major asset restructuring, which has led to a significant increase in its stock price prior to the announcement [1][2][4]. Group 1: Company Announcement and Stock Performance - On May 21, Guokewi announced it is planning to acquire assets through issuing shares and cash payments, leading to a stock suspension starting May 22 [1][2]. - The company did not disclose the specific acquisition target but indicated it is involved in specialized semiconductor wafer foundry and customized chip foundry services [1][2]. - Guokewi's stock price surged by 12.54% to 79.9 CNY per share on May 20, followed by a 1.45% increase to 81.06 CNY on May 21, totaling an approximate 14% rise before the suspension [1][4]. Group 2: Financial Performance - In 2024, Guokewi reported a revenue of 1.978 billion CNY, a decrease of 53.26% year-on-year, while net profit was 97.15 million CNY, a slight increase of 1.13% [1][6]. - The company's revenue from its smart vision series chips was 946 million CNY, down 23.43%, and from ultra-high-definition smart display series chips was 774 million CNY, down 70.15% [7]. - Despite the revenue decline, Guokewi's R&D investment reached 675 million CNY in 2024, a 10.26% increase, accounting for 34.14% of total revenue [7][8]. Group 3: R&D and Market Position - Guokewi employs a Fabless model, outsourcing production processes to large integrated circuit manufacturers [2][3]. - The company has a strong focus on R&D, with 646 R&D personnel making up 76.09% of its total workforce, and has accumulated 365 domestic patents [8]. - The competitive landscape in the end-user application markets is intense, with rapid product and technology updates impacting the company's performance [6][7].

2025年5月6日，国科微发布了2024年年报。报告显示，公司全年实现营业总收入19.78亿元，同比下降 53.26%；归属净利润为0.97亿元，同比增长1.13%；扣非净利润仅为1,154.72万元，同比下降71.82%。尽 管净利润微增，但营收的大幅下滑和扣非净利润的暴跌，凸显了公司在市场竞争中的严峻挑战。 国科微近五年营业总收入变化 50 45 42.31 40 36.05 35 (亿元) 23.22 組 20 19.78 15 10 7.31 5 0 2021年 2022年 2023年 2020年 2024年 国科微近五年归母净利润变化 10 - 单位（亿元） 5 2.93 营收腰斩，核心业务承压 国科微的AI芯片布局主要集中在端侧AI、车载AI和物联网领域。公司推出的MLPU架构是专门为大模型 设计的创新AI架构，无论在大模型推理效率、功耗和成本上，都领先于传统NPU芯片。此外，公司在 车载AI芯片和SerDes芯片领域也持续投入研发，2024年已推出多颗4.2Gbps和6.4Gbps芯片，覆盖摄像头 和显示屏业务。尽管AI芯片领域前景广阔，但国科微能否在这一领域实现突破，仍需时间验证。 市场竞争加 ...