Group 1: Company Performance - The company has developed a series of low-capacity NOR Flash products based on the second-generation NORD process platform, with chip area significantly lower than competitors' products of the same capacity [3] - In Q3, the company's NOR Flash business continued to grow strongly, with quarterly sales exceeding the total shipment volume of the first half of the year, indicating increased customer recognition and brand influence [3] - The automotive-grade EEPROM products have been widely applied in various automotive systems, benefiting from the company's expansion into key overseas markets, resulting in rapid growth in sales and revenue [3] Group 2: Market and Customer Engagement - The company is focusing on multiple applications, including e-cigarettes, TWS Bluetooth headsets, and AMOLED smartphone screens [3] - The company has established communication channels with the market and investors to enhance value dissemination and manage market perceptions [5] - The company is actively engaging with major smartphone camera module manufacturers as primary customers in the mobile sector [3] Group 3: Corporate Governance and Risk Management - The company has implemented a comprehensive internal management and control system to mitigate operational risks, ensuring compliance with relevant laws and regulations [4] - A clear separation of ownership and management has been established, with the board of directors overseeing major business decisions while the management team handles daily operations [4] - The company has set up a robust corporate governance structure, ensuring that all stakeholders' rights are protected [4] Group 4: Financial Strategies and Shareholder Returns - The company has emphasized cash dividends and share buybacks, with over 333 million RMB distributed in dividends and share repurchases since its listing [4] - Despite strong performance, the company's stock price has not reflected its value, attributed to various market factors [5] - The company is committed to continuous innovation in integrated circuit design to meet customer demands for high-performance and reliable products [5]

证券代码：688123 证券简称：聚辰股份 公告编号：2024-068 聚辰半导体股份有限公司 关于召开 2024 年第三季度业绩说明会的公告 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： 会议召开时间：2024 年 11 月 11 日（星期一）上午 11:00-12:00 会议召开地点：上海证券交易所上证路演中心（网址：http://roadshow.ss einfo.com/） 会议召开方式：上证路演中心网络互动 投资者可于 2024 年 11 月 4 日（星期一）至 11 月 8 日（星期五）16:00 前通过上证路演中心"提问预征集"栏目（网址： http://roadshow.sseinfo.com/questionCollection.do）或通过公司投资者关系邮箱 "investors@giantec-semi.com"进行提问。公司将在说明会上对投资者普遍关注 的问题进行回答。 聚辰半导体股份有限公司（以下简称"公司"）已于 2024 年 10 月 29 日披露 公司 2024 年第三季度 ...

聚辰半导体股份有限公司（以下简称"公司"）结合资深市场总监李圣均先 生的任职履历，以及对公司音圈马达驱动芯片等多个产品线业务发展及研发项目 的领导和参与情况等因素，认定其为公司核心技术人员。同时，鉴于公司原核心 技术人员周忠先生因工作职责调整，不再参与具体研发项目，公司不再认定周忠 先生为核心技术人员，周忠先生将继续担任本公司品质及可靠性保证部资深总监 职务。李圣均先生和周忠先生的简历如下： 证券代码：688123 证券简称：聚辰股份 公告编号：2024-067 聚辰半导体股份有限公司 关于核心技术人员调整的公告 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： ● 公司结合资深市场总监李圣均先生的任职履历，以及对公司音圈马达驱动 芯片等多个产品线业务发展及研发项目的领导和参与情况等因素，认定其为公司 核心技术人员。 ● 公司原核心技术人员周忠先生因工作职责调整，不再参与具体研发项目， 公司不再认定周忠先生为核心技术人员，周忠先生将继续担任本公司品质及可靠 性保证部资深总监职务。 ● 上述核心技术人员调整不会 ...

Group 1: Company Overview - The company, Jucheng Semiconductor Co., Ltd., reported its operating conditions for the first three quarters of 2024 [2] Group 2: Financial Performance - Revenue in Q3 increased by 37.73% year-on-year, driven by a recovery in downstream application market demand, particularly in industrial-grade EEPROM and voice coil motor driver chip sales [2] - Net profit in Q3 surged by 262.73% year-on-year, attributed to increased sales of SPD products and a higher sales margin from automotive electronics and industrial control markets [2] Group 3: Product Expansion - The automotive-grade EEPROM business has seen significant growth, with Q3 sales nearing the total shipment volume of the first half of the year, indicating successful market penetration in Europe, Korea, and Japan [2] - The company now offers a full range of automotive-grade EEPROM products, applicable in smart cockpits, power systems, visual perception, and chassis transmission [2][3] Group 4: NOR Flash Product Performance - The NOR Flash business experienced strong growth in Q3, with quarterly sales surpassing the total shipments of the first half of the year, reflecting increased customer recognition and brand influence [3]

Financial Performance - The company's revenue for Q3 2024 reached ¥254,404,531.23, representing a year-over-year increase of 37.73%[2] - Net profit attributable to shareholders for Q3 2024 was ¥68,402,712.34, a significant increase of 262.73% compared to the same period last year[2] - The net profit excluding non-recurring gains and losses for Q3 2024 was ¥55,285,653.90, up 152.81% year-over-year[2] - The total revenue for the first three quarters of 2024 was ¥769,083,324.76, marking a 53.30% increase compared to the same period last year[4] - Total operating revenue for the first three quarters of 2024 reached ¥769,083,324.76, a significant increase of 53.2% compared to ¥501,692,026.92 in the same period of 2023[15] - Operating profit for the first three quarters of 2024 was ¥221,512,471.89, compared to ¥70,907,958.33 in 2023, indicating a substantial growth of 212.5%[16] - The company reported a net profit margin improvement, with total profit for the first three quarters of 2024 at ¥221,499,190.65, compared to ¥70,689,742.79 in 2023, indicating a margin increase[16] - The net profit for Q3 2024 was CNY 204,333,255.30, a significant increase from CNY 68,660,045.05 in Q3 2023, representing a growth of approximately 197.5%[17] - The basic earnings per share for Q3 2024 was CNY 1.33, compared to CNY 0.52 in Q3 2023, indicating an increase of 155.8%[18] Research and Development - The company's R&D investment for Q3 2024 was ¥47,887,446.00, which is an 8.68% increase year-over-year[2] - The proportion of R&D investment to revenue for Q3 2024 decreased by 5.03 percentage points to 18.82%[2] - Research and development expenses for the first three quarters of 2024 were ¥130,046,934.50, compared to ¥116,446,109.26 in 2023, showing an increase of 11.7%[16] Assets and Liabilities - Total assets at the end of Q3 2024 were ¥2,196,997,653.75, reflecting a 7.16% increase from the end of the previous year[3] - Net total assets increased to ¥2,196,997,653.75 in Q3 2024, up from ¥2,050,212,268.98 in Q3 2023, representing a growth of 7.2%[14] - Total liabilities as of Q3 2024 amounted to ¥123,194,486.79, compared to ¥107,601,474.57 in Q3 2023, marking an increase of 14.5%[14] - Shareholders' equity attributable to the parent company reached ¥2,109,528,996.16 in Q3 2024, up from ¥1,971,306,811.69 in Q3 2023, reflecting an increase of 7.0%[14] Cash Flow - Cash and cash equivalents increased to ¥1,844,308,033.38 in Q3 2024, compared to ¥1,728,262,687.35 in Q3 2023, reflecting a growth of 6.7%[12] - Cash inflow from operating activities for the first three quarters of 2024 was CNY 846,796,406.59, up from CNY 591,074,262.24 in the same period of 2023, reflecting a growth of 43.3%[19] - The net cash flow from operating activities for Q3 2024 was CNY 212,648,684.75, compared to CNY 44,206,093.14 in Q3 2023, marking an increase of 380.5%[20] - The cash and cash equivalents at the end of Q3 2024 amounted to CNY 690,416,871.88, an increase from CNY 493,894,074.28 at the end of Q3 2023, showing a growth of 39.9%[21] - The total cash outflow from investing activities for the first three quarters of 2024 was CNY 1,509,061,901.43, compared to CNY 1,781,148,365.90 in the same period of 2023, indicating a decrease of 15.3%[20] - The net cash flow from investing activities for Q3 2024 was CNY -12,546,950.56, an improvement from CNY -175,346,192.86 in Q3 2023[20] - The company experienced a net increase in cash and cash equivalents of CNY 97,595,116.65 in Q3 2024, contrasting with a decrease of CNY 223,430,114.03 in Q3 2023[21] Shareholder Information - The top shareholder, Shanghai Tianhao Technology Co., Ltd., holds 21.23% of the shares, totaling 33,414,920 shares[9] - The second-largest shareholder, Ningbo Yiding Venture Capital Partnership, holds 7.25% of the shares, totaling 11,420,906 shares[9] - The company has not reported any changes in the participation of major shareholders in margin trading and securities lending activities[9] - The company’s actual controller, Chen Zuotao, controls several of the top shareholders, indicating a related party relationship[9] Future Plans - The company plans to repurchase shares between February 20, 2024, and August 19, 2024, with a total repurchase fund not less than RMB 50 million and not exceeding RMB 100 million[10] - A total of 1,586,993 shares were repurchased, accounting for 1.00% of the total share capital, with an actual repurchase amount of RMB 81.82 million[10] - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[16]

Investment Rating - The report gives a "Strong Buy" rating for the company, with a target price of 63.3 CNY based on a 30x PE valuation for 2024 [2][3][6]. Core Insights - The company is positioned to benefit significantly from the increasing penetration of DDR5 memory modules and the recovery of the semiconductor market, with projected revenues of 1.15 billion CNY in 2024, growing to 1.99 billion CNY by 2026 [3][6]. - The company has established itself as a leading global EEPROM chip design firm, with a diverse product portfolio that includes storage chips, motor driver chips, and smart card chips [1][11]. - The report highlights the company's strategic partnerships, particularly with Changxin Technology, to develop DDR5 SPD products, which positions it favorably in the market [4][5]. Summary by Sections 1. Company Overview - The company was founded in 2009 and has become a global leader in EEPROM chip design, providing a range of integrated circuit products and solutions [1][11]. - The company has established partnerships with major brands such as Samsung, Xiaomi, and Tesla, enhancing its market presence [1][11]. 2. EEPROM Market Trends - The global EEPROM market is expected to grow from 881 million USD in 2022 to 1.48 billion USD by 2031, driven by demand in smartphones, automotive electronics, and medical devices [1][11]. - The company is focusing on expanding its presence in the automotive sector, where it has developed a mature product line for automotive-grade EEPROM chips [1][11]. 3. DDR5 Memory Module Penetration - The report anticipates that the penetration rate of DDR5 memory modules will exceed 50% in the global PC and server markets by 2024, driven by AI trends and hardware upgrades [1][4]. - The company is one of the few with a complete SPD product lineup for DDR5, giving it a competitive edge in the market [4][5]. 4. Product Development and Growth - The company has made significant advancements in its NOR Flash products, achieving over 100 million units shipped by the end of 2023, with a doubling of shipments in Q2 2024 [1][4]. - The company is also developing integrated motor driver chips and smart card chips, expanding its product offerings in high-demand markets [1][4]. 5. Financial Projections - The company is expected to see a substantial recovery in profitability, with net profits projected to grow from 332 million CNY in 2024 to 623 million CNY by 2026 [3][6]. - The gross margin is expected to improve significantly, reflecting the company's focus on high-value products and market recovery [19][21].

证 券 研 究 报 告 聚辰股份（688123）深度研究报告 强推（首次） DDR5 加速渗透驱动 SPD 强劲增长，多维产 品布局塑造持续发展新动能 | --- | --- | --- | --- | |-------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...

北京市中伦（上海）律师事务所 关于聚辰半导体股份有限公司 2024 年第二次临时股东大会的 法律意见书 二〇二四年九月 法律意见书 北京市中伦（上海）律师事务所 关于聚辰半导体股份有限公司 2024 年第二次临时股东大会的 法律意见书 致：聚辰半导体股份有限公司 聚辰半导体股份有限公司（下称"公司"）2024 年第二次临时股东大会（下 称"本次股东大会"）于 2024 年 9 月 20 日召开。北京市中伦（上海）律师事务 所（下称"本所"）接受公司的委托，指派陈莹莹律师、佀荣天律师（下称"本 所律师"）出席本次股东大会，根据《中华人民共和国公司法》（下称《公司法》）、 《上市公司股东大会规则（2022 年修订）》（下称《股东大会规则》）以及《聚辰 半导体股份有限公司章程》（下称《公司章程》）的规定，对本次股东大会进行见 证，并出具本法律意见书。 本所同意将本法律意见书作为公司本次股东大会的必备文件公告，并依法对 本所出具的法律意见承担责任。本法律意见书仅供公司为本次股东大会之目的而 - 1 - 法律意见书 使用，未经本所书面同意，本法律意见书不得用于任何其他目的。 基于上述，本所律师按照律师行业公认的业务标准 ...

证券代码：688123 证券简称：聚辰股份 公告编号：2024-064 聚辰半导体股份有限公司 2024 年第二次临时股东大会决议公告 本公司董事会及全体董事保证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： 本次会议是否有被否决议案：无 一、会议召开和出席情况 （一）股东大会召开的时间：2024 年 9 月 20 日 （二）股东大会召开的地点：上海市浦东新区张东路 1761 号 10 幢 （三）出席会议的普通股股东、特别表决权股东、恢复表决权的优先股股东 及其持有表决权数量的情况： （四）表决方式是否符合《公司法》及公司章程的规定，大会主持情况等。 本次股东大会由公司董事会召集，会议通知于 2024 年 9 月 3 日公告，会议 资料于 2024 年 9 月 7 日发布，公司董事长陈作涛先生主持会议，会议记录由董 事会秘书袁崇伟先生负责，北京市中伦（上海）律师事务所陈莹莹律师和佀荣天 律师现场见证。出席现场会议的股东和代理人推举翁华强先生、胡水清女士作为 股东代表与监事代表周洁娴女士、见证律师共同负责计票和监票工作。本次股东 大会会 ...

证券代码：688123 证券简称：聚辰股份 公告编号：2024-066 聚辰半导体股份有限公司 关于董事会、监事会完成换届选举暨聘任 高级管理人员、证券事务代表的公告 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、准确性和完整性承担法律责任。 同日，公司召开第三届董事会第一次会议，全体董事一致推选陈作涛先生担 任公司董事长，并推选产生公司第三届董事会审计委员会、薪酬与考核委员会、 提名委员会和战略委员会成员，具体如下： 1、审计委员会由陈冬独立董事、秦天宝独立董事和罗知独立董事组成，其 中陈冬独立董事为会计专业人士，担任审计委员会召集人； 2、薪酬与考核委员会由罗知独立董事、陈冬独立董事和陈作涛董事长组成， 其中罗知独立董事担任薪酬与考核委员会召集人； 3、提名委员会由秦天宝独立董事、罗知独立董事和陈作涛董事长组成，其 中秦天宝独立董事担任提名委员会召集人； 4、战略委员会由陈作涛董事长、张建臣董事和傅志军董事组成，其中陈作 涛董事长担任战略委员会召集人。 二、监事会换届选举情况 根据《公司法》、《证券法》、《上海证券交易所科创板股票上市规则》、《上海 ...