全志科技（300458.SZ）2024 年半年报点评 [盈利预 Table_Forcast] 测与财务指标 业绩恢复高增，深耕 AI 智能终端市场 2024 年 08 月 23 日 ➢ 事件：8 月 22 日，全志科技发布 2024 年半年度报告。报告期内，公司实 现营业收入 10.63 亿元，同比增长 57.30%，归母净利润 1.19 亿元，去年同期为 -0.17 亿元，扣非归母净利润 0.81 亿元，去年同期为-0.36 亿元，实现扭亏。其 中第二季度营业总收入 6.53 亿元，同比增长 49.42%，归母净利润 0.70 亿元， 同比增长 191.67%。 ➢ 抓住上行周期机遇，业绩稳步增长。报告期内，半导体景气度回升，智能车 载、工业控制、扫地机器人、智能投影等下游细分领域需求提升，同时公司新产 品及新方案顺利量产，推动公司业绩增长。由于智能终端应用处理器芯片出货量 增长，该系列产品营业收入和营业成本比上年同期增长分别为 70.39%、69.86%， 公司整体销售毛利率为 32.97%，同比增长 4.60pct，稳步向好。面对半导体行 业新的上行周期，公司将抓住机遇，持续研发高性能、高集成度、高质量 ...

华福证券 公 司 报 告 全志科技（300458.SZ） 经营业绩稳步增长，智能新品助力发展 投资要点： 公 司 财 报 点 评 证 券 研 究 报 告 全志科技2024年半年度报告显示，2024年上半年公司实现营业收入10.63亿 元，同比+57.30%，归母净利润1.19亿元，同比+800.91%。从2024年Q2单季度 来看，公司实现营业收入6.53亿元，同比+49.45%，归母净利0.70亿元，同比 +185.92%。 财务表现超预期，毛利率稳步修复。报告期内，公司营业收入及归母净利润 均实现大幅增长，主要受益于下游客户需求增长及新产品量产顺利。此外， 公司毛利率32.97%，同比+1.45pct，呈现出稳步修复的趋势。其中，公司智 能终端应用处理器芯片营收达9.11亿元，营收占比85.75%；毛利率为 32.10%，同比+0.21pct。单季度而言，公司2024年Q2营业收入6.53亿元，受 益于工业、AIot等下游的景气度回升，创下历史季度新高。 研发进展顺利，亮点新品持续提拉营收。公司坚持核心技术IP的自主研发， 8K视频解码AI SoC、先进工艺高可靠性车规设计、高级安全SoC系统设计、智 能 ...

单位：人民币万元 | | | 占用方与上市公 | 上市公司核 | 2024 年期 | 2024 年半年度占 | 2024 年半年度 | 2024 年半年度 | 2024 年半年度 | 占用形成原 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 非经营性资金占用 | 资金占用方名称 | 司的关联关系 | 算的会计科 | 初占用资 | 用累计发生金额 | 占用资金的利 | 偿还累计发生 | 期末占用资金 | 因 | 占用性质 | | | | | 目 | 金余额 | （不含利息） | 息（如有） | 金额 | 余额 | | | | 控股股东、实际控制人 | - | - | - | - | - | - | - | - | - | 非经营性占用 | | 及其附属企业 | | | | | | | | | | | | 小计 | - | - | - | - | - | - | - | - | - | - | | 前控股股东、实际控制 | - | - | - | - | - | - | - | - | - | 非经营性占用 | ...

证券代码：300458 证券简称：全志科技 公告编号：2024-0822-002 珠海全志科技股份有限公司 第五届监事会第十次会议决议公告 本公司及监事会全体成员保证信息披露内容的真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 一、监事会会议召开情况 珠海全志科技股份有限公司(以下简称"公司")第五届监事会第十次会议于 2024年8月21日在公司二楼会议室以现场方式召开，本次应出席监事3人，实际出 席监事3人。会议通知已于2024年8月11日以电子邮件、传真或电话通知的方式向 全体监事送达，会议由监事会主席陈惠恒先生主持。会议的召开符合《中华人民 共和国公司法》和《公司章程》的有关规定。 本次会议经审议表决作出如下决议： 经表决：同意 3 票，反对 0 票，弃权 0 票。 2.审议通过了《关于为全资子公司提供担保的议案》 经审核，为全资子公司广州芯之联科技有限公司、深圳芯智汇科技有限公司 提供担保，是为满足其日常经营及业务发展需要，促进其经营发展。担保风险处 于公司可控制范围之内，符合公司整体利益，不存在损害公司及股东特别是中小 股东利益的情形，该事项决策和审议程序合法、合规。同意公司本次担保事项。 ...

Financial Performance - The company's operating revenue for the reporting period reached ¥1,062,684,065.76, representing a 57.30% increase compared to ¥675,590,524.76 in the same period last year[14]. - The net profit attributable to shareholders was ¥119,066,305.92, a significant increase of 800.91% from a loss of ¥16,987,459.52 in the previous year[14]. - The basic earnings per share rose to ¥0.19, compared to a loss of ¥0.03 per share in the same period last year, marking a 733.33% improvement[14]. - The net cash flow from operating activities was ¥81,279,409.83, a 325.23% increase from a negative cash flow of ¥36,087,688.05 in the previous year[14]. - The weighted average return on net assets was 3.98%, compared to -0.58% in the same period last year, indicating improved profitability[14]. - The company achieved a revenue of 1,062.68 million yuan, representing a year-on-year growth of 57.30%[31]. - The net profit attributable to shareholders reached 119.07 million yuan, marking an impressive year-on-year increase of 800.91%[31]. Government Subsidies and Risks - Government subsidies accounted for over 30% of the total profit for the current period, raising sustainability concerns for future earnings[1]. - The company emphasizes the importance of risk management in its operations, particularly regarding government subsidy dependency[1]. - The company reported a total of ¥37,786,896.09 in non-recurring gains and losses, which includes government subsidies and other income[18]. - Non-operating income included government subsidies amounting to 42,324,351.74 CNY, which accounted for 35.69% of total profit[55]. - The company faces market risks due to rapid technological changes and intense competition in the IC design industry[69]. - The company is committed to enhancing R&D efficiency and ensuring the effective use of resources to mitigate technology development risks[70]. Research and Development - The company focuses on the research and design of smart application processors SoC, high-performance analog devices, and wireless interconnect chips, catering to various industries including industrial, automotive, and consumer sectors[20]. - The company has developed four technical platforms to enhance R&D delivery capabilities and accelerate product iteration, including SoC design, hardware system, software development, and service support platforms[22]. - Research and development investment amounted to ¥264,069,593.32, reflecting a 15.40% increase from ¥228,828,685.16 in the previous year[48]. - The company reported significant expenses related to research and development activities, including costs for technical literature, expert consultations, and intellectual property applications[179]. - The company is focusing on integrating AI algorithms for various applications, including visual, voice, and human-machine interaction[33]. Product Development and Market Expansion - The company has expanded its product offerings in the AI sector, with a focus on generative AI technologies, enhancing capabilities in various fields such as content creation and smart home applications[25]. - The company is actively developing new products in the smart power management and wireless communication sectors, with applications in smart homes and IoT devices[24]. - The company reported significant growth in its A series chip products, which are widely used in tablets, Chromebooks, and electronic devices, contributing to a diverse application landscape[23]. - The company is exploring collaborations and partnerships to enhance its market expansion strategies and product development initiatives[25]. - The company is in the mass production stage for the 8K video decoding AI SoC, which supports multi-core heterogeneous computing and 8K video decoding capabilities[30]. Financial Position and Assets - The total assets at the end of the reporting period were ¥3,693,069,208.98, up 4.55% from ¥3,532,312,526.95 at the end of the previous year[14]. - The company reported a net decrease in cash and cash equivalents of ¥137,644,271.16, a decline of 334.99% compared to an increase of ¥58,575,469.24 in the previous year[48]. - The company’s total liabilities at the end of the reporting period were 1,000,000,000 CNY, with accounts payable amounting to 227,940,210.86 CNY, which is 6.17% of total liabilities[56]. - The company’s total current assets reached CNY 2,712,029,259.06, up from CNY 2,428,610,417.87, representing a growth of about 11.7%[112]. - The total liabilities increased to CNY 680,032,025.71 from CNY 569,404,328.26, marking an increase of approximately 19.4%[114]. Shareholder Information and Corporate Governance - The company plans not to distribute cash dividends or issue bonus shares for the current fiscal year[1]. - The company held its annual general meeting on April 22, 2024, with an investor participation rate of 26.47%[77]. - The total number of ordinary shareholders at the end of the reporting period was 89,625, with the top ten shareholders holding a combined 36.65% of the total shares[104]. - The largest shareholder, Zhang Jianhui, holds 8.70% of the shares, amounting to 55,095,389 shares[104]. - The company has not faced any significant environmental penalties during the reporting period[82]. Legal Matters and Compliance - The lawsuit against Zhuhai Yizhi Electronics involves a claim amount of ¥11,244.48 thousand, with the company currently appealing the first-instance judgment that rejected its claims[84]. - The company has won a second-instance lawsuit against Shenzhen Lushengda Technology, recovering ¥116.81 thousand in debts during the execution phase[84]. - There were no major litigation or arbitration matters during the reporting period[83]. - The company has not reported any non-operating fund occupation by controlling shareholders or related parties[83]. Accounting Policies and Financial Reporting - The company follows the enterprise accounting standards, ensuring the financial statements reflect a true and complete picture of its financial status[142]. - The company recognizes revenue based on the performance obligations identified in contracts, either over time or at a point in time, depending on specific criteria met[191]. - The company has implemented a new accounting policy regarding the treatment of lease liabilities and right-of-use assets, effective from January 1, 2024, with no impact on the financial statements[198]. - The company recognizes expected credit losses based on the weighted average of credit losses for financial instruments at risk of default[158]. - The company has no significant changes in accounting estimates that would affect the financial statements[199].

证券代码：300458 证券简称：全志科技 公告编号：2024-0822-001 珠海全志科技股份有限公司 珠海全志科技股份有限公司(以下简称"公司")第五届董事会第十次会议于 2024年8月21日在公司二楼会议室以现场表决的方式召开，本次应出席董事7人， 实际出席董事7人。会议通知已于2024年8月11日以电子邮件、传真或电话通知的 方式向全体董事送达，会议由董事长张建辉先生主持。会议的召开符合《中华人 民共和国公司法》和《公司章程》的有关规定。 本次会议经审议表决作出如下决议： 1.审议通过了《关于公司〈2024 年半年度报告及其摘要〉的议案》 董事会审议认为公司《2024 年半年度报告及其摘要》符合中国证监会、深 圳证券交易所有关于半年度报告的编制规范，报告内容真实、准确，完整地反映 了上市公司的实际情况，不存在任何虚假记载、误导性陈述或者重大遗漏。 表决结果：同意 7 票；反对 0 票；弃权 0 票。 相关公告详见同日刊登于中国证监会指定的创业板信息披露网站巨潮资讯 网（www.cninfo.com.cn）。 第五届董事会第十次会议决议公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没 ...

证券代码：300458 证券简称：全志科技 公告编号：2024-0822-006 珠海全志科技股份有限公司 关于为全资子公司提供担保的公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 珠海全志科技股份有限公司（以下简称"公司"）于2024年8月21日召开了第 五届董事会第十次会议，审议通过了《关于为全资子公司提供担保的议案》，该 议案无需提交股东大会审议批准。详细情况如下： 一、担保情况概述 1.广州芯之联科技有限公司（以下简称"广州芯之联"）系公司全资子公司， 为满足子公司日常经营及业务发展需要，公司为全资子公司广州芯之联与联芯集 成电路制造（厦门）有限公司(以下简称"联芯")业务提供连带责任的保证，担 保金额最高上限为1,500万美元。担保期限为3年，自本债务的履行期限届满之日 起分别计算。上述担保额度及授权事项自公司本次董事会审议通过之日起生效。 2.深圳芯智汇科技有限公司（以下简称"深圳芯智汇"）系公司全资子公司， 为满足子公司日常经营及业务发展需要，公司为全资子公司深圳芯智汇与联芯集 成电路制造（厦门）有限公司(以下简称"联芯")业务提供连带责任 ...

华福证券 证券研究报告丨公司首次覆盖 2024年8月7日 电子 公司评级 持有（首次评级） 当前价格：23.58元 AIOT创新迭出，智能硬件SoC厚积薄发 ——全志科技首次覆盖 证券分析师： 杨钟 执业证书编号：S0210522110003 联系人：詹小瑁 请务必阅读报告末页的重要声明 华福证券 投资要点 数据来源：全志科技公司公告、华福证券研究所 不及预期；下游资本开支不及预期；宏观经济下行。 注：每股指标按照最新股本数全面摊薄 Ø 本土无线音频SoC领军者，多元化产品线彰显多赛道优势。公司是国内领先的芯片设计厂商，深耕智能应用处理器SoC、智能电源管 理芯片、无线互联芯片和语音信号芯片等产品。产品下游应用覆盖AIoT智能硬件、汽车电子、智能工业和智能解码显示等多个赛道， 为小米、百度、阿里、腾讯、科大讯飞、美的、石头科技等知名客户稳定供货。公司不断完善产品体系，开展全产业链深度合作， 以"SoC+"和"智能大视频"为主线推动产品平台化布局。聚焦AI语音及视觉应用，产品逐步于智能音箱、智能家电、扫地机器人、 智能视觉等细分领域量产落地，广受客户认可。 Ø 受益AIoT黄金时代，智能SoC芯片迎来增长新机遇 ...

| --- | --- | --- | --- | --- | |--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|-------------------|----------------------------------------|--------------------------------------------------|-----------------------| | 2024 年 07 月 16 日 \n全志科技（ 300458.SZ ） | | | 公司研究●证券研究报告 | 公司快报 | | | | | 电子 \| | 集成电路Ⅲ | | 产业景气回升&新品顺利量产，单季度营收创历 | 投资评级 | | 买入 | -B(维持) | | 史新高 | 股价 交易数据 | (2024-07 ...

Financial Performance - The company expects a net profit attributable to shareholders of 112 million to 128 million RMB, representing a year-on-year increase of 759.31% to 853.50% from a loss of 16.99 million RMB in the same period last year[12] - The net profit after deducting non-recurring gains and losses is projected to be 75 million to 89 million RMB, an increase of 307.83% to 346.62% compared to a loss of 36.08 million RMB in the previous year[12] - The company anticipates that non-recurring gains and losses will impact net profit by approximately 34 million to 40 million RMB, with fair value changes in other non-current financial assets contributing about 24 million RMB[10] Revenue Growth - Revenue is expected to grow by approximately 55.00% year-on-year, driven by increased demand in semiconductor sectors such as smart automotive, industrial control, and robotic vacuum cleaners[13] Research and Development - Research and development investment has increased by about 15.00% year-on-year, reflecting the company's commitment to innovation[8]