Investment Rating - The investment rating for the company is "Buy" (maintained) [1] Core Views - The company reported a revenue growth that exceeded expectations for Q3 2024, but the net profit growth was slightly below expectations. For the first three quarters of 2024, the company achieved a revenue of 447 million yuan, a year-on-year increase of 32.7%, and a net profit attributable to the parent company of 67.48 million yuan, a year-on-year increase of 5.2% [4][5] - The company is focusing on increasing its market share in the automotive electronics sector, particularly through the import substitution strategy, which is expected to enhance its long-term market position despite short-term profit growth being under pressure [5][6] - Continuous high R&D investment is being made, with R&D expenses for the first three quarters of 2024 amounting to 36.45 million yuan, a year-on-year increase of 18.86% [5] Summary by Sections Market Data - Closing price: 26.36 yuan - One-year high/low: 28.68/10.64 yuan - Market capitalization of circulating A shares: 3,009 million yuan [1] Financial Data - Net asset per share: 6.92 yuan - Asset-liability ratio: 13.74% - Total share capital/circulating A shares: 141 million/114 million [2] Revenue and Profit Forecast - Total revenue forecast for 2024: 605 million yuan, with a year-on-year growth rate of 29.5% - Net profit forecast for 2024: 85 million yuan, with a year-on-year growth rate of 10.1% [7][9] - Earnings per share forecast for 2024: 0.60 yuan [7] Long-term Outlook - The company aims to become a leader in the automotive ultrasonic sensor market, with key performance indicators of its products already comparable to international giants. The current period is seen as a golden growth opportunity for domestic sensor manufacturers [5]

Investment Rating - The report maintains a "Buy" rating for the company [1] Core Views - The company's revenue growth is driven by technological upgrades, with a promising outlook in the sensor industry [1] - The company's Q3 2024 revenue reached 163 million yuan, a 33.57% YoY increase, although net profit declined by 9.15% due to lower-margin domestic products and non-recurring losses [2] - The company continues to invest in R&D, with a 18.86% YoY increase in R&D spending to 36 million yuan in the first three quarters of 2024, enhancing product competitiveness and increasing demand orders [2] - The company is expanding its production capacity, with construction in progress increasing by 32.97% YoY to 12 million yuan, reflecting further investment in mechanization and automation [2] - The company is well-positioned to benefit from the growing smart driving market, which is expected to reach 383.2 billion yuan in 2024, with investment funding projected at 5.16 billion yuan [3] - The company is advancing its pressure-sensitive product technology, with a global market size expected to reach 17.59 billion yuan by 2028, and is collaborating with major 3C companies like ASUS, VIVO, and Xiaomi [3] - The smart sensor market is steadily growing, driven by demand in new energy vehicles, industrial automation, medical, environmental, and consumer sectors, with the Chinese market expected to reach 164.31 billion yuan in 2024 [3] Financial Forecasts - Revenue is projected to grow from 569.7 million yuan in 2024 to 836.68 million yuan in 2026, with a CAGR of 21.12% [1] - Net profit attributable to the parent company is expected to increase from 93.54 million yuan in 2024 to 141 million yuan in 2026, with a CAGR of 24.01% [1] - EPS is forecasted to rise from 0.66 yuan in 2024 to 1.00 yuan in 2026 [1] - The company's P/E ratio is expected to decrease from 39.78 in 2024 to 26.39 in 2026, indicating potential undervaluation [1] Market and Industry Data - The company's closing price is 26.36 yuan, with a P/B ratio of 3.81 and a total market capitalization of 3.72 billion yuan [6] - The smart driving market is projected to grow significantly, with the Chinese market expected to reach 383.2 billion yuan in 2024 [3] - The global pressure-sensitive product market is forecasted to reach 17.59 billion yuan by 2028 [3] - The Chinese smart sensor market is expected to grow to 164.31 billion yuan in 2024 [3] Financial Performance - The company's operating cash flow increased significantly by 125.29% YoY to 58 million yuan in the first three quarters of 2024 [2] - The company's gross margin is expected to remain stable at around 39% from 2024 to 2026 [10] - The company's ROE is projected to increase from 9.16% in 2024 to 11.05% in 2026 [11]

证券代码：832491 证券简称：奥迪威 公告编号：2024-093 广东奥迪威传感科技股份有限公司 募集资金专项存储及使用管理制度 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、 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个别及连 带法律责任。 一、 审议及表决情况 本制度经公司 2024 年 10 月 28 日召开的第四届董事会第十一次会议审议通 过，尚需提交公司股东大会审议。 二、 制度的主要内容，分章节列示： 广东奥迪威传感科技股份有限公司 募集资金专项存储及使用管理制度 第一章 总则 第一条 为了规范广东奥迪威传感科技股份有限公司（以下简称"公司"） 募集资金管理，提高募集资金使用效率，切实保护投资者的权益，根据《中华人 民共和国公司法》（以下简称"《公司法》"）、《中华人民共和国证券法》、《上市公 司募集资金管理和使用的监管要求》、《北京证券交易所股票上市规则（试行）》 （以下简称"《上市规则》"）、《北京证券交易所上市公司持续监管指引第 9 号— —募集资金管理》等有关法律、法规、规范性文件、北京证券交易所业务规则和 《广东奥迪威传感科技股份有限公司章程 ...

证券代码：832491 证券简称：奥迪威 公告编号：2024-089 广东奥迪威传感科技股份有限公司 第四届董事会第十一次会议决议公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、 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个别及连 带法律责任。 一、会议召开和出席情况 （一）会议召开情况 1.会议召开时间：2024 年 10 月 28 日 2.会议召开地点：公司会议室 3.会议召开方式：现场及通讯表决 4.发出董事会会议通知的时间和方式：2024 年 10 月 23 日以书面方式发出 本次会议的召集、召开符合《公司法》、《公司章程》等相关规定。 （二）会议出席情况 会议应出席董事 8 人，出席和授权出席董事 8 人。 二、议案审议情况 （一）审议通过《关于 2024 年第三季度报告的议案》 1.议案内容： 公司根据《北京证券交易所股票上市规则（试行）》及《北京证券交易所上 市公司持续监管指引第 2 号——季度报告》等相关规定，结合公司 2024 年第三 季度经营情况及财务状况，编制了《2024 年第三季度报告》。具体内容详见公司 在北京证券交易所信息披露平台（ww ...

第四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公告内容的真实、准确和完整，没有虚假记载、 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个别及连 带法律责任。 一、会议召开和出席情况 （一）会议召开情况 证券代码：832491 证券简称：奥迪威 公告编号：2024-090 广东奥迪威传感科技股份有限公司 二、议案审议情况 （一）审议通过《关于 2024 年第三季度报告的议案》 1.会议召开时间：2024 年 10 月 28 日 2.会议召开地点：公司会议室 3.会议召开方式：现场及通讯表决 4.发出监事会会议通知的时间和方式：2024 年 10 月 23 日以书面方式发出 5.会议主持人：蔡锋 6.召开情况合法、合规、合章程性说明： 本次会议的召集、召开符合《公司法》、《公司章程》等相关规定。 （二）会议出席情况 会议应出席监事 3 人，出席和授权出席监事 3 人。 广东奥迪威传感科技股份有限公司 监事会 2024 年 10 月 29 日 1.议案内容： 公司根据《北京证券交易所股票上市规则（试行）》及《北京证券交易所上 市公司持续监管指引第 2 号——季度报告》等相关规定，结合公 ...

证券代码：832491 证券简称：奥迪威 公告编号：2024-092 广东奥迪威传感科技股份有限公司 拟续聘 2024 年度会计师事务所公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、 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个别及连 带法律责任。 涉及会计师事务所提供的资料、信息，会计师事务所保证其提供、报送或披 露的资料、信息真实、准确、完整，不得有虚假记载、误导性陈述或者重大遗漏。 重要内容提示： 拟聘任的会计师事务所：立信会计师事务所（特殊普通合伙） 服务及收费情况：立信会计师事务所（特殊普通合伙）已为公司提供 10 年 审计服务，上期审计收费 55 万元，本期审计收费 58 万元 一、拟续聘会计师事务所的基本情况 （一）机构信息 公司拟聘任立信会计师事务所（特殊普通合伙）为 2024 年年度的审计机构。 1.基本信息 会计师事务所名称：立信会计师事务所（特殊普通合伙） 成立日期：2011 年 1 月 24 日 组织形式：特殊普通合伙 注册地址：上海市黄浦区南京东路 61 号四楼 2023 年上市公司审计客户家数：671 家 首席合伙人：朱建弟 2023 ...

本次会议为 2024 年第一次临时股东大会。 （二）召集人 本次股东大会的召集人为董事会。 （三）会议召开的合法性、合规性 证券代码：832491 证券简称：奥迪威 公告编号：2024-094 广东奥迪威传感科技股份有限公司 关于召开 2024 年第一次临时股东大会通知公告（提供网络投票） 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、 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个别及连 带法律责任。 一、会议召开基本情况 （一）股东大会届次 本次股东大会的召开符合有关法律、行政法规、部门规章、规范性文件和《公 司章程》的规定。 （四）会议召开方式 本次会议采用现场投票和网络投票相结合方式召开。 同一股东只能选择现场投票或网络投票，如果同一表决权出现重复投票表 决的，以第一次投票表决结果为准。 （五）会议召开日期和时间 1、现场会议召开时间：2024 年 11 月 13 日 15:30。 2、网络投票起止时间：2024 年 11 月 12 日 15:00—2024 年 11 月 13 日 15:00。 登记在册的股东可通过中国证券登记结算有限责任公司（以下简称"中国结 ...

Financial Performance - Revenue for the first nine months of 2024 increased by 32.67% to 446,610,788.30 yuan compared to 336,622,513.37 yuan in the same period of 2023[5] - Revenue for the third quarter of 2024 increased by 33.57% to 162,636,174.33 yuan compared to 121,765,099.81 yuan in the same period of 2023[6] - Net profit attributable to shareholders of the listed company for the first nine months of 2024 rose by 5.20% to 67,483,311.97 yuan from 64,149,916.77 yuan in the same period of 2023[5] - Net profit attributable to shareholders of the listed company for the third quarter of 2024 decreased by 9.15% to 20,672,299.34 yuan from 22,754,179.27 yuan in the same period of 2023[6] - Total revenue for the first 9 months of 2024 increased to 446,610,788.30 RMB, up 32.7% from 336,622,513.37 RMB in the same period of 2023[25] - Net profit for the first 9 months of 2024 rose to 67,483,311.97 RMB, a 5.3% increase from 64,071,496.91 RMB in the same period of 2023[26] - Operating profit for the first 9 months of 2024 reached 73,711,147.67 RMB, a 3.2% increase from 71,422,337.00 RMB in the same period of 2023[26] - Comprehensive income for the first 9 months of 2024 rose to 67,638,704.96 RMB, a 4.6% increase from 64,673,580.87 RMB in the same period of 2023[26] - Operating income for the first nine months of 2024 was 367,326,975.08 yuan, up from 281,432,840.51 yuan in the same period of 2023[27] - Net profit for the first nine months of 2024 was 62,270,518.85 yuan, up from 46,818,050.19 yuan in the same period of 2023[27] - Sales revenue from goods and services for the first nine months of 2024 was 427,702,023.72 yuan, up from 336,619,884.88 yuan in the same period of 2023[29] - Sales of goods and services received cash of 341,570,050.41 yuan, a 44.8% increase compared to 235,933,666.08 yuan in the same period last year[32] - Total cash inflow from operating activities was 352,911,098.55 yuan, up 44.5% from 244,150,714.38 yuan in the previous year[32] - Net cash flow from operating activities increased by 146% to 48,187,579.80 yuan from 19,591,271.24 yuan[33] Asset and Liability Changes - Total assets increased by 2.98% to 1,131,818,903.47 yuan as of September 30, 2024, compared to 1,099,034,937.36 yuan at the end of 2023[4] - Net assets attributable to shareholders of the listed company grew by 5.57% to 976,334,349.46 yuan as of September 30, 2024, from 924,805,083.85 yuan at the end of 2023[4] - Cash and cash equivalents decreased by 52.66% to 263,147,816.33 yuan as of September 30, 2024, due to the company using 220,000,000 yuan of temporarily idle funds to purchase structured deposits[8] - Accounts receivable increased by 35.05% to 184,964,486.18 yuan as of September 30, 2024, in line with revenue growth[8] - Long-term equity investments increased by 83.60% to 50,868,183.74 yuan as of September 30, 2024, mainly due to investments in affiliated companies and adjustments in investment gains and losses[8] - Total assets increased to 1,131,818,903.47 yuan as of September 30, 2024, compared to 1,099,034,937.36 yuan at the end of 2023[19][21] - Cash and cash equivalents decreased to 263,147,816.33 yuan from 555,868,297.11 yuan year-over-year[19] - Accounts receivable increased by 35.1% to 184,964,486.18 yuan from 136,963,386.12 yuan[19] - Inventory rose by 17.8% to 94,431,544.10 yuan from 80,130,614.48 yuan[19] - Long-term equity investments grew by 83.6% to 50,868,183.74 yuan from 27,706,208.18 yuan[19] - Total liabilities decreased to 155,484,554.01 yuan from 174,229,853.51 yuan[21] - Shareholders' equity increased to 976,334,349.46 yuan from 924,805,083.85 yuan[21] - Retained earnings grew by 12.5% to 352,584,120.60 yuan from 313,330,478.23 yuan[21] - Parent company's cash and cash equivalents decreased to 154,034,034.67 yuan from 438,832,078.98 yuan[22] - Parent company's long-term equity investments increased by 8.9% to 291,111,697.74 yuan from 267,291,221.87 yuan[22] - Total assets as of the end of the reporting period reached 1,018,747,080.36 RMB, a 3.3% increase from 986,690,525.97 RMB at the end of the previous period[23] - Fixed assets increased to 21,571,558.43 RMB, up 11.3% from 24,322,777.28 RMB at the end of the previous period[23] - Intangible assets grew to 4,269,181.15 RMB, a 12.8% increase from 3,785,973.36 RMB at the end of the previous period[23] - Total equity attributable to owners of the parent company increased to 889,279,728.61 RMB, up 5.5% from 843,124,015.04 RMB at the end of the previous period[24] - Total liabilities decreased to 129,467,351.75 RMB, down 9.8% from 143,566,510.93 RMB at the end of the previous period[23] Cash Flow and Investment Activities - Cash flow from operating activities for the first nine months of 2024 was 58,212,052.54 yuan, slightly up from 57,478,261.90 yuan in the same period of 2023[31] - Cash flow from investing activities for the first nine months of 2024 was -300,007,618.20 yuan, compared to -48,221,648.11 yuan in the same period of 2023[31] - Cash flow from financing activities for the first nine months of 2024 was -53,189,076.30 yuan, compared to 9,156,290.57 yuan in the same period of 2023[31] - Net cash outflow for the first nine months of 2024 was 292,720,480.78 yuan, compared to a net cash inflow of 22,182,573.43 yuan in the same period of 2023[31] - Cash outflow for investment activities surged to 285,164,475.88 yuan, a 120.5% increase from 129,335,639.41 yuan[33] - Net cash flow from investment activities was -284,629,466.39 yuan, a significant decrease from -36,912,375.00 yuan in the previous year[33] - Cash inflow from financing activities dropped to 3,750,000.00 yuan, a 91% decrease from 41,875,000.00 yuan[33] - Net cash flow from financing activities was -49,852,586.26 yuan, compared to 10,678,108.97 yuan in the same period last year[33] - The company's cash and cash equivalents decreased by 284,798,044.31 yuan, ending the period at 154,034,034.67 yuan[33] R&D and Operating Expenses - R&D expenses for the first 9 months of 2024 grew to 36,446,937.47 RMB, up 18.9% from 30,664,989.55 RMB in the same period of 2023[25] - R&D expenses for the first nine months of 2024 were 26,547,650.81 yuan, up from 23,307,647.80 yuan in the same period of 2023[27] - Cash paid for goods and services increased by 43.00% to 224,008,791.86 yuan, reflecting higher order demand[9] - Cash paid for taxes increased by 36.38% to 17,796,577.40 yuan, in line with higher revenue and profit[9] - Cash paid for the construction of fixed assets, intangible assets, and other long-term assets increased by 89.89% to 56,157,265.87 yuan, driven by land purchases and increased investment in production assets and technology upgrades[9] Shareholder and Equity Information - The total number of shares held by the top 10 shareholders decreased by 2,494,785 shares to 61,262,367 shares, representing 43.40% of the total shares[12] - The company's core employees reduced their holdings by 707,888 shares, bringing their total holdings to 2,041,861 shares, or 1.45% of the total shares[11] - The company granted a total of 3.3 million restricted shares under the 2023 equity incentive plan, with 1,344,488 shares meeting the conditions for release[17] - The company repurchased and canceled 11,000 restricted shares held by 3 resigned employees at the original grant price of RMB 6.25 per share[17] - As of the reporting period, the company had granted 3.3 million restricted shares, with 1,944,512 shares yet to be exercised[17] - Basic earnings per share increased to 0.48 yuan per share from 0.45 yuan per share[27] - Diluted earnings per share increased to 0.48 yuan per share from 0.45 yuan per share[27] Related Transactions and Other Income - The company's daily related transactions for purchasing raw materials, fuel, power, and accepting services amounted to RMB 15,398.23, against a forecast of RMB 510,000.00[15] - Sales of products, goods, and provision of services reached RMB 8,931,676.90, compared to a forecast of RMB 17,000,000.00[15] - Other daily related transactions amounted to RMB 30,385.32, against a forecast of RMB 150,000.00[15] - Other income increased by 301.34% to 7,121,615.46 yuan, mainly due to increased government subsidies and tax deductions for advanced manufacturing enterprises[9] - Investment losses increased by 414.78% to -1,486,224.44 yuan, primarily due to increased losses under the equity method[9] - Credit impairment losses increased by 191.96% to -1,490,536.96 yuan, driven by higher accounts receivable[9] - Cash received from other operating activities increased by 27.31% to 14,375,473.64 yuan, mainly due to increased government subsidies[9] - Non-recurring gains and losses totaled 6,788,592.40 yuan, with government subsidies contributing 6,064,155.76 yuan[10]

| 日期 | 代码 | 简称 | 成交价 | 成交数量（股） | 买入营业部 | 卖出营业部 | | --- | --- | --- | --- | --- | --- | --- | | 2024-10- | | | | | 华创证券有限责任公 | 中信建投证券股份有 | | 15 | 832491 | 奥迪威 | 11.71 | 380000 | 司凯里宁波路证券营 | 限公司北京海淀分公 | | | | | | | 业部 | 司 | | 2024-10- | | | | | 招商证券股份有限公 | 招商证券股份有限公 | | 15 | 833819 | 颖泰生物 | 3.1 | 400000 | 司北京车公庄西路证 | 司北京车公庄西路证 | | | | | | | 券营业部 | 券营业部 | | 2024-10- | | | | | 国金证券股份有限公 | 中信建投证券股份有 | | 15 | 836208 | 青矩技术 | 16.06 | 115000 | 司重庆江北嘴证券营 | 限公司九江浔阳东路 | | | | | | | 业部 | 证券营业部 | | 2024-10- | | | | | | ...

证券代码：832491 证券简称：奥迪威 公告编号：2024-088 广东奥迪威传感科技股份有限公司 持股 5%以上股东减持股份结果公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、 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个别及连 带法律责任。 一、 减持主体减持前基本情况 | 股东名称 | 股东身份 | | 持股数量（股） | | 持股比例 | 当前持股股份来源 | | --- | --- | --- | --- | --- | --- | --- | | 惠州市德赛西 | 持 股 | 5% | | 7,714,786 | 5.47% | 北交所上市前取得 | | 威汽车电子股 | 以上股东 | | | | | | | 份有限公司 | | | | | | | 二、 减持计划的实施结果 （一） 股东因以下原因披露减持计划实施结果： √减持计划实施完毕 □减持时间区间届满 | 股东名称 | 已减持 数量 | 已减 持 | | | | 减持 | 已减持 总金额 | 减持 | 当前 | | | --- | --- | --- | --- | --- | --- | - ...