股票交易异常波动公告 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。 证券代码：688521 证券简称：芯原股份 公告编号：2024-043 芯原微电子（上海）股份有限公司 重要内容提示： 芯原微电子（上海）股份有限公司（以下简称"芯原股份"或"公司"）股票 交易连续三个交易日内（2024 年 11 月 8 日、11 月 11 日及 11 月 12 日）收盘价 格涨幅偏离值累计超过 30%，根据《上海证券交易所交易规则》《上海证券交易 所科创板股票异常交易实时监控细则》的有关规定，属于股票交易异常波动的情 形。 经公司自查并向公司第一大股东 VeriSilicon Limited 发函确认，截至本公 告披露日，公司及第一大股东不存在影响公司股票交易异常波动的重大事项，亦 不存在其他应披露而未披露的重大信息，包括但不限于正在筹划涉及本公司的并 购重组、股份发行、债务重组、业务重组、资产剥离和资产注入等重大事项。公 司目前日常经营情况正常，未发生重大变化。 一、股票交易异常波动的具体情况 公司股票交易连续三个交易日内（2024 ...

证券代码：688521 证券简称：芯原股份 芯原微电子（上海）股份有限公司 2024 年第二次临时股东大会会议材料 二〇二四年十一月 目 录 | 芯原微电子（上海）股份有限公司 | 2024 | 年第二次临时股东大会会议须知 2 | | --- | --- | --- | | 芯原微电子（上海）股份有限公司 | 2024 | 年第二次临时股东大会会议议程 4 | | 芯原微电子（上海）股份有限公司 | 2024 | 年第二次临时股东大会会议议案 6 | | 议案一 关于增加日常关联交易预计额度的议案 | | 6 | 1 二、出席会议的股东及股东代理人须在会议召开前 30 分钟到会议现场办理 签到手续，并请按规定出示股东账户卡或其他有效股权证明原件、身份证件或营 业执照/注册证书原件及复印件（加盖公章）、授权委托书等，经验证后领取会议 资料，方可出席会议。会议开始后，由会议主持人宣布现场出席会议的股东人数 及其所持有表决权的股份总数，在此之后进场的股东无权参与现场投票表决。 三、会议按照会议通知上所列顺序审议、表决议案。 芯原微电子（上海）股份有限公司 2024 年第二次临时股东大会会议须知 为了维护芯原微电子 ...

Company and Industry Summary Company Overview - The company has maintained a growth trend since its IPO in 2020, achieving a 35% increase in volume business revenue and a 42% increase in total revenue in 2021 despite industry challenges [1] - In 2022, the company continued to grow with a 25% revenue increase, even as the global white goods industry slowed down [1] - The company reported a profitable trend in the first half of 2023, but faced revenue fluctuations in the second half due to customer order delays [1] Key Financial Metrics - The company signed new orders worth 648 million yuan in Q3 2023, maintaining a high order backlog of 2.138 billion yuan, with 78% expected to convert in the next four quarters [2] - Q3 2023 revenue reached 718 million yuan, representing a year-over-year growth of 23.6% and a quarter-over-quarter growth of 16.96% [2] - License revenue in Q3 2023 was 218 million yuan, a year-over-year increase of 37%, with a total of 478 million yuan in license revenue for the first three quarters, up 8.78% year-over-year [2] Business Segments - AI-related license revenue accounted for nearly half of the total license revenue, with 232 million yuan reported in the first three quarters [3] - The company’s royalty income for the first three quarters was 75 million yuan, with Q3 royalty income at 24.66 million yuan [3] - Custom design business revenue in Q3 was 238 million yuan, a quarter-over-quarter increase of 23%, with total revenue for the first three quarters at 518 million yuan, up 37.02% year-over-year [4] Advanced Process Projects - In 2023, 96% of NRE (Non-Recurring Engineering) revenue came from advanced process projects below 28nm, with 86% from projects below 14nm [4] - The company shipped 104 chips in the first three quarters, with 32 design projects awaiting mass production [4] - New orders in the volume business reached 597 million yuan, a year-over-year increase of over three times [4] Profitability and R&D Investment - The company narrowed its losses in Q3 by over 45 million yuan, indicating improved profitability due to revenue growth [5] - R&D investment remained significant, accounting for over 30% of revenue, specifically 43.38% in Q3 [5] Market Trends and Economic Outlook - The company’s performance has outpaced major indices, with a cumulative increase of over 41% compared to the STAR Market [7] - The macroeconomic environment is shifting, with expectations of a long-term bull market driven by new productive forces, particularly in AI and advanced technologies [6][8] - The company is actively pursuing an A-share private placement to raise 1.808 billion yuan, focusing on AIGC and autonomous driving projects [28] Regulatory Environment - Recent regulatory changes favor light-asset, high-R&D companies, allowing for a higher proportion of funds to be used for working capital [29] - The company is in compliance with new standards set by regulators, which is expected to facilitate its funding efforts [29] Conclusion - The company is positioned well within the semiconductor and AI sectors, showing strong revenue growth and a solid order backlog. Continued investment in R&D and adaptation to regulatory changes will be crucial for maintaining its competitive edge in the evolving market landscape.

Investment Rating - Maintain "Recommend" rating [1][3] Core Views - Revenue growth is steady, with continued R&D investment [1] - The semiconductor industry is gradually recovering, and performance continues to improve [1] - The company is expanding its global R&D layout and advancing AI applications [1] - Collaborating with international giants, covering diverse markets [1] - Adjusted earnings forecast for 2024/2025/2026, with expected net profit of -376/2/177 million yuan respectively [1] Financial Performance - 2024 Q3 revenue: 718 million yuan, up 23.60% YoY and 16.96% QoQ [1] - 2024 Q3 net profit: -111 million yuan, mainly due to increased R&D expenses [1] - 2024 Q3 gross margin: 40.07%, up 5.28 percentage points YoY [1] - 2024 Q1-Q3 revenue: 1.65 billion yuan, down 6.50% YoY [1] - 2024 Q1-Q3 net profit: -396 million yuan [1] R&D and Technology - Established seven R&D centers in China and the US [1] - Key R&D projects include high-performance GPU, video processor, and neural network processor technologies [1] - GPU technology supports 16~32TFLOPs FP32 computing power and 128~1536Texel/cycle texture processing [1] - Video processor technology focuses on next-generation video codec architecture [1] - Neural network processor technology supports PyTorch and TensorFlow for AI applications [1] Market and Clients - Serves leading companies such as Samsung, Google, Amazon, Microsoft, Baidu, Tencent, and Alibaba [1] - Unique business model enables flexible services for diverse client groups [1] - Strong potential for market expansion due to advanced chip customization and IP portfolio [1] Financial Forecasts - 2024/2025/2026 revenue forecast: 2,433/3,170/4,014 million yuan [2][4] - 2024/2025/2026 net profit forecast: -376/2/177 million yuan [2][4] - 2024/2025/2026 PS ratio: 8.2/6.3/5.0 [1][4] - 2024/2025/2026 EPS: -0.75/0.00/0.35 yuan [2][4] Key Financial Metrics - 2024E gross margin: 43.62% [4] - 2024E net profit margin: -15.47% [4] - 2024E ROA: -8.62% [4] - 2024E ROE: -16.19% [4] - 2024E current ratio: 2.70 [4] - 2024E quick ratio: 2.17 [4]

Company Overview - Chip Original is a semiconductor company providing customized chip services and semiconductor IP authorization, focusing on a platform-based, comprehensive service model [1] - The company has a diverse range of proprietary IPs, including GPU, NPU, VPU, DSP, ISP, and Display Processor IPs, along with over 1,600 mixed-signal and RF IPs [2] Market Position and Performance - In 2023, Chip Original ranked first in China and eighth globally in semiconductor IP authorization market share, with a sixth-place ranking in global IP licensing revenue [2] - The company achieved a revenue of 718 million CNY in Q3 2024, reflecting a quarter-on-quarter growth of 16.96% and a year-on-year growth of 23.60% [3] - As of Q3 2024, the company had a backlog of orders amounting to 2.138 billion CNY, with 78.26% expected to convert to revenue within a year [3][4] Business Model and Strategy - Chip Original operates under a unique business model with no product inventory risk and no application domain boundaries, allowing for rapid recovery in business performance [3][4] - The company is actively pursuing market expansion in emerging sectors and has signed new orders worth 648 million CNY in Q3 2024 [3] Future Outlook - The semiconductor industry is gradually recovering, and Chip Original anticipates continued improvement in revenue, with Q3 2024 marking a record high for the quarter [4] - The company plans to enhance its core competitiveness by focusing on markets such as AIGC, ADAS, and smart wearable devices, while also strengthening its system design capabilities [5]

证券代码：688521 证券简称：芯原股份 公告编号：2024-041 芯原微电子（上海）股份有限公司 关于增加日常关联交易预计额度的公告 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： 本次新增日常关联交易预计额度事项连同第二届董事会第十六次会议审 议的关联交易事项所涉关联交易金额累计达到股东大会审议标准，故本次增加日 常关联交易预计额度事项尚需提交股东大会审议。 新增日常关联交易对公司的影响：公司本次预计新增的日常关联交易为 公司正常经营业务所需，关联交易定价政策和定价依据按照公开、公平、公正的 原则，双方交易价格公允，不会对公司及公司财务状况、经营成果产生不利影响， 不会损害公司及全体股东特别是中小股东利益，不会对关联方形成依赖，也不会 影响公司的独立性。 一、日常关联交易基本情况 （一）日常关联交易履行的审议程序 芯原微电子（上海）股份有限公司（以下简称"公司"）于 2024 年 3 月 29 日召开第二届董事会第十三次会议暨 2023 年年度董事会会议，审议通过了《关 于公司未来一年预计发生的日常 ...

证券代码：688521 证券简称：芯原股份 公告编号：2024-040 芯原微电子（上海）股份有限公司（以下简称"公司"）第二届监事会第十五 次会议通知已于 2024 年 10 月 23 日发出，会议于 2024 年 10 月 30 日在公司会议 室以现场及电话会议的方式召开。本次监事会会议应出席会议的监事 3 人，实际 出席监事 3 人。本次会议召开符合《中华人民共和国公司法》（以下简称"《公司 法》"）等有关法律、法规和《芯原微电子（上海）股份有限公司章程》（以下简 称"《公司章程》"）的规定，表决形成的决议合法、有效。 二、监事会会议审议情况 经过与会监事认真审议，形成如下决议： 1、审议通过《关于审议公司 2024 年第三季度报告的议案》 认为公司 2024 年第三季度报告的编制和审核程序符合相关法律法规、《公司 章程》等规定，能够公允地反映公司 2024 年 1-9 月的财务状况和经营成果。监 事会及全体监事保证公司 2024 年第三季度报告所披露的信息真实、准确、完整， 所载资料不存在任何虚假记载、误导性陈述或重大遗漏，并对其内容的真实性、 准确性和完整性依法承担法律责任。同意《芯原微电子（上海） ...

芯原微电子（上海）股份有限公司 第二届董事会独立董事第三次专门会议决议 根据《上市公司独立董事管理办法》《芯原微电子（上海）股份有限公司章 程》《芯原微电子（上海）股份有限公司独立董事工作制度》和《芯原微电子（上 海）股份有限公司独立董事专门会议议事规则》等有关规定，芯原微电子（上海） 股份有限公司（以下简称"公司"）独立董事对公司提交的《关于增加日常关联交 易预计额度的议案》进行了审阅，认为： 公司增加本年度（即自股东大会审议通过本议案之日起至 2024 年年度股东 大会召开之日止）预计发生的日常关联交易额度符合《中华人民共和国公司法》 《上海证券交易所科创板股票上市规则》《芯原微电子（上海）股份有限公司章 程》等相关规定，公司与关联方之间发生的交易基于公司生产经营需要，交易定 价公平、合理，日常关联交易额度的预计符合交易双方业务发展需求，不存在损 害公司及中小股东利益的情形，不会影响公司的独立性，也不会对公司持续经营 产生影响，符合公司的长远发展规划。同意将该议案提交公司第二届董事会第十 七次会议审议。 全体独立董事审议通过了上述议案。上述议案尚需提交公司董事会审议，并 在董事会审议通过后提交公司股东大会 ...

证券代码：688521 证券简称：芯原股份 公告编号：2024-042 芯原微电子（上海）股份有限公司 关于召开 2024 年第二次临时股东大会的通知 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： 一、 召开会议的基本情况 召开地点：上海市浦东新区张江高科技园区松涛路 560 号张江大厦 20 楼芯 原股份会议室 （五） 网络投票的系统、起止日期和投票时间。 网络投票系统：上海证券交易所股东大会网络投票系统 股东大会召开日期：2024年11月15日 本次股东大会采用的网络投票系统：上海证券交易所股东大会网络投票 系统 网络投票起止时间：自 2024 年 11 月 15 日 （一） 股东大会类型和届次 2024 年第二次临时股东大会 （二） 股东大会召集人：董事会 （三） 投票方式：本次股东大会所采用的表决方式是现场投票和网络投票 相结合的方式 （四） 现场会议召开的日期、时间和地点 召开日期时间：2024 年 11 月 15 日 14 点 30 分 至 2024 年 11 月 15 日 采用上海证券交易所网 ...

Revenue Performance - Revenue for Q3 2024 reached 717.98 million yuan, a 23.60% year-over-year increase and a 16.96% quarter-over-quarter growth[4] - Revenue from semiconductor IP licensing business in the first three quarters of 2024 was 478 million yuan, an 8.78% year-over-year increase, with 171 IP licensing instances, up 92 from the previous year[6] - Revenue from chip design business in the first three quarters of 2024 was 518 million yuan, a 37.02% year-over-year increase, with 96.21% from 28nm and below process nodes and 86.22% from 14nm and below[7] - Revenue from mass production business in the first three quarters of 2024 was 574 million yuan, a 33.06% year-over-year decrease, but new mass production orders surged 303.17% year-over-year to 597 million yuan[8] - Revenue from AI-related intellectual property licensing in the first three quarters of 2024 was 232 million yuan, accounting for 48.59% of total IP licensing revenue[6] - Operating revenue for the first three quarters of 2024 was 1,649,971,464.11 RMB, a decrease from 1,764,647,377.77 RMB in the same period of 2023[19] - Revenue from sales of goods and services was 1,627,197,562.06 RMB, slightly up from 1,625,397,798.13 RMB in the same period last year[24] Intellectual Property Licensing - Intellectual property licensing revenue in Q3 2024 was 218 million yuan, up 36.62% quarter-over-quarter[4] - Revenue from semiconductor IP licensing business in the first three quarters of 2024 was 478 million yuan, an 8.78% year-over-year increase, with 171 IP licensing instances, up 92 from the previous year[6] - Revenue from AI-related intellectual property licensing in the first three quarters of 2024 was 232 million yuan, accounting for 48.59% of total IP licensing revenue[6] Orders and Backlog - New orders in Q3 2024 totaled 648 million yuan, with a backlog of 2.138 billion yuan, of which 78.26% is expected to convert to revenue within one year[5] - Revenue from mass production business in the first three quarters of 2024 was 574 million yuan, a 33.06% year-over-year decrease, but new mass production orders surged 303.17% year-over-year to 597 million yuan[8] Profitability and Margins - Gross profit for the first three quarters of 2024 was 702 million yuan, a 8.43% year-over-year decrease, with a gross margin of 42.52%, down 0.90 percentage points year-over-year[9] - Net loss attributable to shareholders in Q3 2024 was 111.05 million yuan, narrowing by 45 million yuan year-over-year[9] - Net profit attributable to shareholders of the listed company for the period from the beginning of the year to the reporting period showed fluctuations due to a year-on-year decline in revenue and gross profit, coupled with increased R&D expenses[11] - Net profit attributable to shareholders was -395,858,494.37 RMB, a significant decline from -134,218,721.31 RMB in the same period last year[22] - Basic and diluted earnings per share were -0.79 RMB, compared to -0.27 RMB in the previous year[22] R&D Investment - R&D investment in the first three quarters of 2024 was 880 million yuan, a 24.63% year-over-year increase, accounting for 53.35% of revenue[3] - R&D expenses increased to 880,249,163.34 RMB, up from 699,484,459.73 RMB, reflecting a 25.8% year-over-year growth[21] Cash Flow and Financial Position - Operating cash flow for the reporting period was -170.81 million, primarily due to a decrease in cash paid for goods and services and an increase in tax refunds received[11] - Net cash flow from operating activities was -393,381,013.48 RMB, compared to -144,192,928.66 RMB in the previous year[24] - Investment activities generated a net cash inflow of 201,042,470.29 yuan, compared to a net outflow of -122,207,792.96 yuan in the previous period[25] - The company received 1,456,670,000.00 yuan from other investment-related activities, a significant increase from 280,000,000.00 yuan in the previous period[25] - Cash outflow for investment activities totaled 1,259,820,298.56 yuan, with 1,145,000,000.00 yuan allocated to other investment-related payments[25] - Financing activities resulted in a net cash inflow of 231,985,759.25 yuan, a decrease from 309,914,592.02 yuan in the previous period[25] - The company obtained 406,200,000.00 yuan from borrowings, up from 377,900,000.00 yuan in the previous period[25] - Cash and cash equivalents at the end of the period amounted to 726,905,240.60 yuan, compared to 809,772,340.31 yuan in the previous period[25] - The company allocated 112,820,298.56 yuan for the purchase of fixed assets, intangible assets, and other long-term assets[25] - Cash outflow for financing activities totaled 174,214,240.75 yuan, including 75,650,943.34 yuan for debt repayment and 98,563,297.41 yuan for other financing-related payments[25] - The net increase in cash and cash equivalents was 41,652,729.61 yuan, slightly lower than the 47,888,061.68 yuan increase in the previous period[25] - The impact of exchange rate changes on cash and cash equivalents was 2,005,513.55 yuan[25] Shareholder Information - VeriSilicon Limited holds 15.14% of the company's shares, making it the largest shareholder[12] - The National Integrated Circuit Industry Investment Fund holds 6.95% of the company's shares[12] - The top 10 shareholders collectively hold a significant portion of the company's shares, with no shares pledged, marked, or frozen[13] - The company's top 10 shareholders and top 10 unrestricted shareholders did not participate in margin trading or securities lending activities[14] - The company's top 10 shareholders and top 10 unrestricted shareholders did not experience any changes due to securities lending or return activities[15] Asset and Liability Changes - Total assets increased to 4,717,286,963.49 RMB as of September 30, 2024, compared to 4,406,380,975.42 RMB at the end of 2023[17][18] - Total liabilities rose to 2,408,137,454.74 RMB as of September 30, 2024, up from 1,706,087,354.69 RMB at the end of 2023[18][19] - Accounts receivable increased to 1,162,252,658.43 RMB as of September 30, 2024, compared to 1,021,639,249.64 RMB at the end of 2023[17] - Inventory grew to 367,264,179.56 RMB as of September 30, 2024, up from 278,622,683.88 RMB at the end of 2023[17] - Fixed assets increased to 720,820,142.63 RMB as of September 30, 2024, compared to 505,111,613.96 RMB at the end of 2023[17] - Intangible assets rose to 546,994,721.70 RMB as of September 30, 2024, up from 396,537,174.64 RMB at the end of 2023[18] - Long-term loans increased to 838,826,256.76 RMB as of September 30, 2024, compared to 659,611,343.09 RMB at the end of 2023[18] - Contract liabilities grew to 604,216,602.51 RMB as of September 30, 2024, up from 453,522,036.80 RMB at the end of 2023[18] - Retained earnings decreased to -2,211,316,187.65 RMB as of September 30, 2024, compared to -1,815,457,693.28 RMB at the end of 2023[19] Operating Costs and Expenses - Total operating costs rose to 2,039,426,765.96 RMB, up from 1,871,531,586.08 RMB, an increase of 9%[21] - Sales expenses increased to 98,127,551.96 RMB, up from 90,121,995.89 RMB, reflecting a 8.9% year-over-year growth[21] - Cash received from tax refunds decreased to 8,852,994.22 RMB, down from 41,495,180.21 RMB in the previous year[24] Comprehensive Income - Other comprehensive income after tax was 162,763.70 RMB, compared to -1,782,577.74 RMB in the same period last year[22] - Total comprehensive income was -395,695,730.67 RMB, a significant decline from -136,001,299.05 RMB in the previous year[22]