Investment Rating - The report maintains a "Buy" rating for the company [2][7] Core Insights - The company is expected to achieve a revenue of 1.028 billion yuan in 2024, representing a year-on-year growth of 46.10%, and a net profit attributable to shareholders of 290 million yuan, reflecting a significant increase of 188.52% [5][6] - The demand recovery in the market has led to rapid growth in industrial-grade EEPROM and voice coil motor driver chips, with the company enhancing its product lines and marketing efforts [6] - High-value-added product shipments are increasing, improving the sales structure and enhancing profitability [6] Financial Performance Summary - The company forecasts revenues of 1.028 billion yuan for 2024, with projected revenues of 1.416 billion yuan and 1.858 billion yuan for 2025 and 2026, respectively [9] - The expected net profit for 2024 is 290 million yuan, with projections of 409 million yuan and 550 million yuan for 2025 and 2026 [9] - The company's PE ratios for 2024, 2025, and 2026 are projected to be 41, 29, and 22 times, respectively [7][9]

Core Viewpoint - The company reported significant growth in both revenue and net profit for the fiscal year 2024, driven by increased market demand and ongoing technological upgrades [1] Financial Performance - The total operating revenue for 2024 reached 1.028 billion yuan, representing a year-on-year increase of 46.1% [1] - The net profit attributable to the parent company was 290 million yuan, showing a remarkable year-on-year growth of 188.52% [1] - Basic earnings per share were reported at 1.84 yuan [1] Growth Drivers - The revenue growth was primarily attributed to the recovery in downstream application market demand [1] - The company has been continuously upgrading technology and improving product lines, which contributed to rapid sales growth in industrial-grade EEPROM products and voice coil motor driver chips [1] - Sales revenue for SPD products, automotive-grade EEPROM products, and NOR Flash products also experienced significant growth compared to the previous year [1]

Financial Performance - Total revenue for 2024 reached ¥1,027,810,651.78, representing a 46.10% increase compared to ¥703,476,519.17 in the previous year[3] - Operating profit surged to ¥303,327,297.24, marking a 248.12% increase from ¥87,133,843.16 year-over-year[3] - Net profit attributable to shareholders was ¥289,556,699.75, up 188.52% from ¥100,357,931.43 in the same period last year[3] - The basic earnings per share increased to ¥1.84, reflecting a growth of 187.50% compared to ¥0.64 in the previous year[3] - The weighted average return on equity rose to 13.99%, an increase of 8.83 percentage points from 5.16%[3] - The net profit excluding non-recurring gains and losses was ¥260,979,781.66, a 195.55% increase from ¥88,302,538.17 year-over-year[3] Asset Growth - Total assets at the end of the reporting period were ¥2,306,207,517.85, a 12.49% increase from ¥2,050,212,268.98 at the beginning of the period[3] Product and Market Development - The company achieved significant growth in SPD, automotive-grade EEPROM, and NOR Flash products, contributing to improved sales structure and profitability[7] - The company has focused on technology upgrades and product line enhancements, leading to increased brand recognition and customer resources in high-value markets[7] Cautionary Note - The company warns that the financial data presented is preliminary and subject to change upon final audit, urging investors to be cautious[8]

证券代码：688123 证券简称：聚辰股份 公告编号：2025-006 聚辰半导体股份有限公司 股东减持股份计划公告 北京珞珈天壕投资中心（有限合伙）、武汉珞珈梧桐新兴产业投资基金合伙 企业（有限合伙）保证向本公司提供的信息内容不存在任何虚假记载、误导性陈 述或者重大遗漏，并对其真实性、准确性和完整性依法承担法律责任。 本公司及董事会全体成员保证公告内容与信息披露义务人提供的信息一致。 重要内容提示： 大股东持股的基本情况 截至本公告披露之日，北京珞珈天壕投资中心（有限合伙）（以下简称"北 京珞珈"）和武汉珞珈梧桐新兴产业投资基金合伙企业（有限合伙）（以下简称"武 汉珞珈"）分别持有公司 674.41 万股、622.41 万股股份，占公司总股本的比例分 别为 4.28%、3.95%。 减持计划的主要内容 北京珞珈、武汉珞珈基于自身资金需求，计划自本公告披露之日起 15 个交 易日后的 3 个月内，通过大宗交易方式合计减持不超过 315.00 万股公司股份， 占公司总股本的比例不超过 2%；通过集中竞价方式合计减持不超过 157.00 万股 公司股份，占公司总股本的比例不超过 1%。 北京珞珈与武汉珞珈均系公司 ...

亦鼎投资基于自身资金需求，于近日质押其持有的 220 万股股份，占其所 持股份的比例为 19.26%，占公司总股本的比例为 1.39%。累计质押其持有的 520 万股股份，占其所持股份的比例为 45.53%，占公司总股本的比例为 3.30%。 聚辰半导体股份有限公司（以下简称"公司"）于近日收到股东宁波亦鼎创 业投资合伙企业（有限合伙）（以下简称"亦鼎投资"）出具的《关于股份质押 的告知函》，现就有关情况公告如下： 一、本次股份质押情况 证券代码：688123 证券简称：聚辰股份 公告编号：2025-005 聚辰半导体股份有限公司 关于持股 5%以上股东质押部分股份的公告 宁波亦鼎创业投资合伙企业（有限合伙）保证向聚辰半导体股份有限公司提 供的信息内容不存在任何虚假记载、误导性陈述或者重大遗漏，并对其真实性、 准确性和完整性依法承担法律责任。 本公司董事会及全体董事保证公告内容与信息披露义务人提供的信息一致。 重要内容提示： 截至本公告披露之日，亦鼎投资持有本公司 1,142.09 万股股份，占公司总 股本的比例为 7.24%。 | 股东名称 | 是否为控股 | 本次质押 | 是否 | 是否 | 质押起始 | ...

Financial Performance - The company expects a net profit attributable to shareholders of the parent company for 2024 to be between 275 million to 305 million yuan, an increase of 174.02% to 203.91% compared to the previous year[4] - The estimated net profit attributable to shareholders of the parent company, excluding non-recurring gains and losses, is projected to be between 250 million to 280 million yuan, reflecting a growth of 183.12% to 217.09% year-over-year[4] - In 2023, the company achieved a total profit of 84.66 million yuan and a net profit attributable to shareholders of the parent company of 100.36 million yuan[5] Business Strategy and Growth - The company has been focusing on technology upgrades and product line enhancements, leading to significant growth in the sales of high-value products such as EEPROM and motor driver chips[6] - The rapid increase in the shipment volume of SPD products and automotive-grade EEPROM has greatly enhanced the company's profitability[7] - The company has established a product and business layout that aligns with its development plan, laying a solid foundation for future growth[7] Forecast Accuracy - There are no major uncertainties affecting the accuracy of this earnings forecast[8] - The forecast data is preliminary and has not been audited by an accounting firm, and actual figures may differ in the final annual report[9]

本次股票上市流通日期为 2025 年 1 月 15 日。 聚辰半导体股份有限公司（以下简称"公司"）于近日收到中国证券登记结算 有限责任公司上海分公司出具的《证券变更登记证明》，根据中国证监会、上海证 券交易所以及中国证券登记结算有限责任公司上海分公司的有关业务规则，公司 已完成 2021 年限制性股票激励计划预留授予部分第二批次第三个归属期及 2023 年限制性股票激励计划首次授予部分、预留授予部分第一批次第一个归属期的股 份登记工作，现就相关归属结果及股份上市情况公告如下： 一、本次限制性股票归属的决策程序及相关信息披露 （一）2021 年限制性股票激励计划 证券代码：688123 证券简称：聚辰股份 公告编号：2025-001 聚辰半导体股份有限公司 关于 2021 年限制性股票激励计划预留授予部分第二批 次第三个归属期及 2023 年限制性股票激励计划首次授 予部分、预留授予部分第一批次第一个归属期归属结果 暨股份上市的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性依法承担法律责任。 重要内容提示： 本次股票上市类型为股权激励 ...

Group 1: Company Overview - Jucheng Semiconductor Co., Ltd. focuses on non-volatile memory chip design and has launched the industry's smallest high-reliability NOR Flash chips, reducing chip size by approximately 1/3 [3][5]. - The company has established partnerships with major Tier 1 suppliers in the automotive sector, enhancing its penetration into core automotive components [3][7]. Group 2: Product Development - The second-generation NORD platform features advanced manufacturing processes, offering compact design without compromising performance, with advantages such as circuit adaptability and excellent anti-static capabilities [6][3]. - Jucheng has a full range of automotive-grade EEPROM products, achieving A1 and below ratings, widely used across various automotive systems [7]. Group 3: Market Performance - In Q3 2024, the company's NOR Flash product sales exceeded the total sales of the first half of the year, indicating strong growth and increasing brand recognition [5][6]. - The NOR Flash chips are primarily supplied to multiple application markets, including e-cigarettes, TWS Bluetooth headsets, and AMOLED smartphone screens [5].

（一）本次股权激励计划的方案及履行的程序 第一个归属期符合归属条件的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性依法承担法律责任。 重要内容提示： ● 限制性股票拟归属数量：266,650 股 证券代码：688123 证券简称：聚辰股份 公告编号：2024-072 ● 归属股票来源：聚辰半导体股份有限公司（以下简称"公司"）向激励对 象定向发行公司 A 股普通股股票 聚辰半导体股份有限公司 一、本次股权激励计划的批准及实施情况 2023 年限制性股票激励计划首次授予部分 ①激励对象归属权益的任职期限要求 1、本次股权激励计划的主要内容 激励对象归属获授的各批次限制性股票前，须满足 12 个月以上的任职期限。 （1）股权激励方式：第二类限制性股票。 （2）授予数量：公司 2023 年限制性股票激励计划授予的限制性股票总量为 120 万股，约占本次股权激励计划草案公告日公司股本总额 15,817.3037 万股的 0.76%。其中首次授予 113.82 万股，约占本次股权激励计划草案公告日公司股本 总额的 0.72%，占授予权益总额的 ...

证券代码：688123 证券简称：聚辰股份 公告编号：2024-069 聚辰半导体股份有限公司 第三届董事会第三次会议决议公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性依法承担法律责任。 一、董事会会议召开情况 聚辰半导体股份有限公司（以下简称"公司"）第三届董事会第三次会议于 2024 年 12 月 23 日在公司以现场结合通讯表决的方式召开，本次会议应到董事 7 名，实到董事 7 名，公司董事会秘书、证券事务代表等相关人员列席了会议。 本次会议由董事长陈作涛先生主持，会议的召开和表决程序符合《公司法》及《聚 辰股份公司章程》的有关规定，形成的决议合法有效。 鉴于 2023 年限制性股票激励计划首次授予部分 4 名激励对象因个人原因于 限制性股票归属登记前离职；2023 年限制性股票激励计划预留授予部分第一批 次 1 名激励对象因个人原因于限制性股票归属登记前离职，以及 2023 年限制性 股票激励计划首次授予部分 1 名激励对象因个人绩效考核结果为"中等（C）"导 致的个人层面归属比例为 80%，经公司 2023 年第二次临时股东 ...