Group 1 - The company Yuanjie Technology (688498) announced on November 25 that it plans to increase its capital to its wholly-owned subsidiary Yuanjie Technology Pte. Ltd. (referred to as "Yuanjie Singapore") by no more than 50 million USD [1] - The entire amount will be used for the construction of a production base in the United States [1]

证券代码：688498 证券简称：源杰科技 公告编号：2024-079 陕西源杰半导体科技股份有限公司 关于向全资子公司增资暨对外投资建设海外生产基地 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： 一、对外投资概述 （一）对外投资基本情况 投资金额：拟投资金额不超过 5,000 万美元 相关风险提示： 为进一步拓展海外市场，贴近产品目标客户市场，提升对海外客户的交付能 力和服务响应能力，推进全球化市场战略，增强市场竞争力。公司拟以自有资金 向全资子公司源杰新加坡增资不超过 5,000 万美元，本次增资源杰新加坡款项全 部用于其全资子公司源杰美国建设美国生产基地。 （二）对外投资的决策与审批程序 公司于 2024 年 11 月 25 日召开第二届董事会第十次会议，审议通过了《关 于向全资子公司增资暨对外投资建设海外生产基地的议案》，该议案无需提交股 东会审议。本次对外投资项目的建设实施，尚需经过相关政府部门的审批。 （三）不属于关联交易和重大资产重组事项说明 根据《上海证券交易所科创板股票上市规则》 ...

北京市金杜律师事务所 关于陕西源杰半导体科技股份有限公司 2024 年第三次临时股东会之 法律意见书 致：陕西源杰半导体科技股份有限公司 北京市金杜律师事务所（以下简称本所）受陕西源杰半导体科技股份有限公司 （以下简称公司）委托，根据《中华人民共和国证券法》（以下简称《证券法》）、 《中华人民共和国公司法》（以下简称《公司法》）、中国证券监督管理委员会《上 市公司股东大会规则（2022 年修订）》（以下简称《股东大会规则》）等中华人民 共和国境内（以下简称中国境内，为本法律意见书之目的，不包括中国香港特别行 政区、中国澳门特别行政区和中国台湾地区）现行有效的法律、行政法规、规章及 规范性文件和现行有效的《陕西源杰半导体科技股份有限公司章程》（以下简称《公 司章程》）有关规定，指派律师出席了公司于 2024 年 11 月 18 日召开的 2024 年 第三次临时股东会（以下简称本次股东会），并就本次股东会相关事项出具本法律 意见书。 为出具本法律意见书，本所律师审阅了公司提供的以下文件，包括但不限于： 1. 经公司 2024 年第二次临时股东会审议通过的《公司章程》； 2. 公司提供的《陕西源杰半导体科技股份有 ...

证券代码：688498 证券简称：源杰科技 公告编号：2024-078 陕西源杰半导体科技股份有限公司 2024 年第三次临时股东会决议公告 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） 股东会召开的时间：2024 年 11 月 18 日 （二） 股东会召开的地点：陕西省西咸新区沣西新城开元路 1265 号公司会议室 （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： | 1、出席会议的股东和代理人人数 | 88 | | --- | --- | | 普通股股东人数 | 88 | | 2、出席会议的股东所持有的表决权数量 | 26,510,377 | | 普通股股东所持有表决权数量 | 26,510,377 | | 3、出席会议的股东所持有表决权数量占公司表决权数量的比 | 31.0202 | | 例（%） | | | 普通股股东所持有表决权数量占公司表决权数量的比例（%） | 31.0202 | 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。 （ ...

Investment Rating - The investment rating for the company is "Outperform the Market" [1] Core Insights - The company reported a rapid revenue growth of 91.20% year-on-year for the first three quarters of 2024, achieving a revenue of 178 million yuan, while the net profit attributable to shareholders was a loss of 0.55 million yuan, down 102.56% year-on-year [5] - The gross margin for the first three quarters of 2024 was 29.69%, a decrease of 9.36 percentage points year-on-year, and the net profit margin was -0.31%, down 23.32 percentage points year-on-year [5] - The company is increasing its investment in high-value-added products such as EML and silicon photonics, which is expected to enhance its product structure and profitability in the future [7][8] Financial Performance - For Q3 2024, the company reported a revenue of 58.02 million yuan, an increase of 82.04% year-on-year, but a decrease of 3.46% quarter-on-quarter [5] - The net profit for Q3 2024 was a loss of 11.30 million yuan, with a non-recurring net profit loss of 13.82 million yuan, both showing a decline year-on-year [5] - The company plans to distribute a cash dividend of 1 yuan for every 10 shares, totaling 8.501 million yuan [7] Research and Development - R&D expenses for the first three quarters of 2024 were 36.02 million yuan, an increase of 59.18% year-on-year, with an R&D expense ratio of 20.22% [6] - The company is focusing on high-value products, which has led to increased R&D costs and a significant rise in inventory impairment losses due to intensified competition in low-margin products [7] Earnings Forecast - The company is expected to see a recovery in overseas demand and growth in high-speed optical chip demand, with projected net profits of 31 million yuan, 157 million yuan, and 241 million yuan for 2024, 2025, and 2026 respectively [8] - The estimated EPS for 2024, 2025, and 2026 are 0.37 yuan, 1.83 yuan, and 2.82 yuan respectively, with a target PE ratio for 2025 set between 90-100 times [8]

证券代码：688498 证券简称：源杰科技 陕西源杰半导体科技股份有限公司 2024 年第三次临时股东会 会议资料 陕西源杰半导体科技股份有限公司 2024 年 11 月 陕西源杰半导体科技股份有限公司 2024 年第三次临时股东会资料 目 录 | 2024 | 年第三次临时股东会会议须知 | 1 | | --- | --- | --- | | 2024 | 年第三次临时股东会会议议程 | 3 | | 议案一 | ：关于 2024 | 年前三季度利润分配方案的议案 5 | 陕西源杰半导体科技股份有限公司 2024 年第三次临时股东会资料 陕西源杰半导体科技股份有限公司 2024 年第三次临时股东会会议须知 为了维护全体股东的合法权益，保证股东在陕西源杰半导体科技股份有限公 司（以下简称"公司"）依法行使股东权利，确保股东会的正常秩序和议事效率， 根据《中华人民共和国公司法》《中华人民共和国证券法》《上市公司股东大会规 则》以及《陕西源杰半导体科技股份有限公司章程》《陕西源杰半导体科技股份 有限公司股东大会议事规则》等有关规定，特制定本须知，请全体出席股东会的 人员自觉遵守。 一、会议设会务组，负责会议的组织工 ...

Investment Rating - The report maintains a "Recommend" rating for the company, citing the potential for improved gross margins and long-term growth driven by the initial volume release of CW light source products [3][5] Core Views - The company's revenue growth is driven by the recovery in demand for traditional 2.5G and 10G DFB orders, as well as the recovery in data center market demand, particularly for high-speed module CW light source products [2] - Short-term profitability is under pressure due to the high proportion of low-margin 2.5G products and increased R&D investment in high-value-added products such as EML and silicon photonics [2] - The data center market is expected to see significant growth, with the company's CW light source products entering the testing phase and expected to drive gross margin recovery and improved profitability [2] Financial Performance and Forecasts - The company reported revenue of RMB 178 million in Q3 2024, a 91.20% YoY increase, but a net loss of RMB 1 million, turning from profit to loss [2] - Revenue from the telecom market reached RMB 110 million in the first half of 2024, a 94.61% YoY increase, driven by the development of next-generation 25G/50G PON fiber network ONU and OLT optical chip products [2] - Revenue from the data center market reached RMB 9 million in the first half of 2024, a 111.27% YoY increase, driven by the recovery in traditional data center market demand and the batch delivery of CW light source products [2] - The company's R&D investment in the first three quarters of 2024 was RMB 36 million, a 59.18% YoY increase, accounting for 20.22% of revenue [2] - The report forecasts revenue of RMB 273.37 million, RMB 434.19 million, and RMB 596.02 million for 2024, 2025, and 2026, respectively, with YoY growth rates of 89.31%, 58.83%, and 37.27% [3][4] - EPS is forecasted to be RMB 0.31, RMB 1.27, and RMB 2.35 for 2024, 2025, and 2026, respectively, with corresponding P/E ratios of 462.65x, 114.62x, and 61.68x [3][4] Product Development - The company's CW light source 70mW product has passed testing, while the 100G PAM4 EML optical chip is undergoing client testing, and the 200G PAM4 EML has completed initial performance R&D and in-house testing [2] - The company is actively developing next-generation 25G/50G PON fiber network ONU and OLT optical chip products, with Omdia predicting a 200% CAGR in 50G PON port shipments from 2024 to 2028 [2]

Investment Rating - The report maintains a "Buy" rating for the company, with a target price indicating a potential upside of over 20% within the next six months [6]. Core Views - The company reported a significant year-on-year revenue increase of 91% for the first three quarters of 2024, reaching 178 million yuan, although it faced a net loss of 550,000 yuan compared to a profit of 21.45 million yuan in the same period last year [1]. - The revenue growth is attributed to a recovery in the optical chip industry, while the losses are primarily due to high shipment ratios of low-margin products, increased R&D investments, and reduced government subsidies and investment income [1][5]. - The telecommunications market remains competitive, with the company’s gross margin declining to 22%, down 17 percentage points year-on-year and 10 percentage points quarter-on-quarter [2]. Revenue and Profitability - In Q3, the company achieved a revenue of 58.02 million yuan, marking an 82% increase year-on-year but a 3% decrease quarter-on-quarter [1]. - The gross margin for Q3 was reported at 22%, reflecting the impact of intensified price competition, particularly in the 2.5G product segment, which has seen negative margins [2]. Market Demand and Supply - There is a strong demand for 400G and 800G products, with supply constraints expected to persist into Q4 2024. The demand for 800G is projected to grow further, while the demand for 400G may gradually decline [3]. - The tight supply situation for optical chips is anticipated to ease next year as silicon photonics shipments increase and manufacturers expand production capacity [3]. Research and Development - The company significantly increased its R&D investment to 36.02 million yuan in the first three quarters, a 59% year-on-year increase, accounting for 20% of its revenue [4]. - The R&D focus includes advancements in silicon photonics, EML, and 50G PON products, with several products at various stages of development and production [4]. Financial Forecasts - Due to the losses reported in Q3, the profit forecasts for 2024 have been adjusted downward, with expected net profits of 1.8 million yuan, 14.9 million yuan, and 23.5 million yuan for 2024, 2025, and 2026 respectively [5]. - The company is expected to benefit from breakthroughs in domestic and international markets for CW light sources and high-speed EML products [5].

https://roadshow.sseinfo.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 05 日（星期二）至 11 月 11 日（星期一） 16:00 前登录上证路演中心网站首页点击"提问预征集"栏目或通过公司邮箱 ir@yj-semitech.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。 陕西源杰半导体科技股份有限公司（以下简称"公司"）已于 2024 年 10 月 30 日发布公司 2024 年第三季度报告，为便于广大投资者更全面深入地了解 公司 2024 年第三季度经营成果、财务状况，公司计划于 2024 年 11 月 12 日 下 午 14:00-15:00 举行 2024 年第三季度业绩说明会，就投资者关心的问题进行 交流。 一、 说明会类型 本次投资者说明会以网络互动形式召开，公司将针对 2024 年第三季度的经 营成果及财务指标的具体情况与投资者进行互动交流和沟通，在信息披露允许 的范围内就投资者普遍关注的问题进行回答。 证券代码：688498 证券简称：源杰科技 公告编号：2024-077 陕西源杰半导体科技股份有限公司 关 ...

证券代码：688498 证券简称：源杰科技 公告编号：2024-076 陕西源杰半导体科技股份有限公司 因公司实施 2023 年年度权益分派事项，本次回购股份价格上限由不超过人民币 180 元/股（含）调整为不超过人民币 179.90 元/股（含）。具体详见公司 2024 年 6 月 19 日于上海证券交易所网站（www.sse.com.cn）披露的《陕西源杰半导体科技股 份有限公司关于 2023 年年度权益分派实施后调整回购股份价格上限的公告》（公告 编号：2024-045）。 二、 回购股份的进展情况 根据《上市公司股份回购规则》《上海证券交易所上市公司自律监管指引第 7 号——回购股份》等相关规定，公司在回购期间，应当在每个月的前 3 个交易日内 公告截至上月末的回购进展情况，现将公司回购股份的进展情况公告如下： 关于以集中竞价交易方式回购公司股份的进展公告 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： | 回购方案首次披露日 | 2024/2/8，由实际控制人、控股股东、董事长、 | | | -- ...