北京市君合（广州）律师事务所 关于广东奥迪威传感科技股份有限公司 2024 年年度股东大会的法律意见 致：广东奥迪威传感科技股份有限公司 北京市君合（广州）律师事务所（以下简称"本所"）接受广东奥迪威传感科技股 份有限公司（以下简称"公司"）的委托，指派本所经办律师出席了公司于 2025 年 4 月 15 日在广州市番禺区沙头街银平路 3 街 4 号公司会议室召开的 2024 年年度股东大会 （以下简称"本次股东大会"）的现场会议。现根据《中华人民共和国公司法》《中华人 民共和国证券法》《北京证券交易所股票上市规则（试行）》等中国现行法律、法规（为 本法律意见之目的，中国现行法律、法规不包括香港特别行政区、澳门特别行政区及台 湾地区的法律、法规，以下"法律、法规"）以及《广东奥迪威传感科技股份有限公司章 程》（以下简称"公司章程"）、《广东奥迪威传感科技股份有限公司股东大会议事规则》 （以下简称"公司股东大会议事规则"）的有关规定，就本次股东大会有关事宜出具本 法律意见。 本所经办律师依据本法律意见出具日以前已经发生的事实并基于本所经办律师对有 关事实的了解和对法律、法规的理解发表法律意见。本所经办律师仅就本 ...

证券代码：832491 证券简称：奥迪威 公告编号：2025-035 广东奥迪威传感科技股份有限公司 2024 年年度股东大会决议公告 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 6.召开情况合法、合规、合章程性说明： 1.会议召开时间：2025 年 4 月 15 日 2.会议召开地点：广东省广州市番禺区沙头街银平路 3 街 4 号公司会议室 3.会议召开方式：现场投票和网络投票相结合方式召开 4.会议召集人：董事会 5.会议主持人：董事长张曙光 本次股东大会的召集、召开、议案审议程序等方面符合《公司法》和《公司 章程》的有关规定。 （二）会议出席情况 出席和授权出席本次股东大会的股东共 14 人，持有表决权的股份总数 34,377,267 股，占公司有表决权股份总数的 24.36%。 其中通过网络投票参与本次股东大会的股东共 4 人，持有表决权的股份总数 477,144 股，占公司有表决权股份总数的 0.34%。 （三）公司董事、监事、高级管理人员出席或 ...

Investment Rating - The investment rating for the company is "Outperform" (Maintain) [3] Core Views - The company is expected to benefit from the upgrade of automotive intelligent driving and the accelerated penetration of automatic parking, with significant mass delivery of its AKII product [5][6] - Revenue for 2024 is projected to be 617 million yuan, representing a year-on-year growth of 32.13%, while net profit attributable to the parent company is expected to be 88 million yuan, up 13.87% [5] - The company has adjusted its profit forecasts for 2025-2026 due to the impact of declining downstream customer demand, with new profit estimates for 2027 introduced [5] Financial Summary - Revenue and profit projections for the company are as follows: - 2024 Revenue: 617 million yuan (+32.1% YoY) - 2025 Revenue: 744 million yuan (+20.6% YoY) - 2026 Revenue: 920 million yuan (+23.6% YoY) - 2027 Revenue: 1,116 million yuan (+21.3% YoY) - 2024 Net Profit: 88 million yuan (+13.9% YoY) - 2025 Net Profit: 104 million yuan (+18.8% YoY) - 2026 Net Profit: 128 million yuan (+22.9% YoY) - 2027 Net Profit: 142 million yuan (+10.6% YoY) [8][10] Market Trends - The automatic parking system's penetration in the Chinese market is increasing, with 4.8975 million units delivered in 2024, a growth of 39.74% YoY, and the installation rate is expected to reach around 25% by 2028 [6] - The company is expanding its applications in the robotics sensor market, with the industrial robot market in China projected to grow to 72.642 billion yuan in 2024 [7] Product Development - The company has successfully delivered its new generation AKII ultrasonic sensors, which meet the requirements for intelligent driving system upgrades and integrated parking technology [6] - New production capacities for high-performance ultrasonic sensors and multi-layer tactile feedback micro-actuators are expected to be operational by the end of 2025 and 2026, respectively [7]

Investment Rating - The investment rating for the company is "Outperform" (Maintain) [3] Core Views - The company is expected to benefit from the upgrade of automotive intelligent driving and the accelerated penetration of automatic parking, with significant mass delivery of its AKII product [5][6] - The revenue for 2024 is projected to be 617 million yuan, representing a year-on-year growth of 32.13%, while the net profit attributable to the parent company is expected to be 88 million yuan, up 13.87% [5] - The company has adjusted its profit forecasts for 2025-2026 due to the impact of declining downstream customer demand, with new profit forecasts for 2027 introduced [5] Financial Summary - The company’s revenue is projected to grow from 467 million yuan in 2023 to 1.116 billion yuan in 2027, with a compound annual growth rate (CAGR) of approximately 21.3% [8] - The net profit attributable to the parent company is expected to increase from 77 million yuan in 2023 to 142 million yuan in 2027, with a CAGR of about 10.6% [8] - The gross margin is expected to decline slightly from 38.0% in 2023 to 33.1% in 2027 [11] - The earnings per share (EPS) are projected to rise from 0.55 yuan in 2023 to 1.00 yuan in 2027 [8] Market Trends - The automatic parking delivery in the Chinese market is expected to reach 4.8975 million units in 2024, a year-on-year increase of 39.74%, with the penetration rate expected to rise to 25% by 2028 [6] - The company is actively expanding its applications in the robotics sensor market, with the industrial robot market in China projected to grow to 72.642 billion yuan in 2024 [7]

Core Insights - Audiwei (832491.BJ) held an annual performance briefing for 2024, where management addressed investor inquiries [1] Group 1: Product Development - The company launched a flexible sensor in 2024, referred to as "electronic skin," which serves as a core component for data collection in the Internet of Things (IoT) [2] - The flexible sensor has applications in touch, pressure, and temperature, and is currently installed in precision robotic hands for flexible grasping and sensing [2] - The company is also a primary supplier of automotive ultrasonic sensors for new energy vehicle manufacturers, providing customized and responsive services [2] Group 2: Market Performance - The company's overseas revenue increased by 21.48% year-on-year, driven by enhanced local services and the ability to meet customer delivery needs [3] - The growth in overseas orders for sensors and actuators indicates a strong demand in international markets, prompting the company to expand its overseas market efforts [3]

Group 1: Investor Relations Activity - The company held a performance briefing on March 28, 2025, via an online platform, attended by investors [4] - Key personnel present included the Chairman, General Manager, and other executives [4] Group 2: Product Development and Market Application - The company launched flexible sensors, also known as "electronic skin," which are currently in the debugging phase and have not yet secured mass production orders from robot manufacturers [5] - The flexible sensors are designed for various applications, including industrial robots, smart wearables, and rehabilitation [5] - The company has established a well-known brand "Audiowell," recognized as a "Famous Trademark of Guangdong Province" [5] Group 3: Sales and Profit Growth Strategies - The company aims to maintain sales and profit growth through technological innovation and product differentiation despite external challenges [6] - The company provides customized rapid response services to automotive manufacturers, focusing on cost-effective and reliable products [7] - The company is actively upgrading products and technologies to cope with price reduction strategies in the competitive smart automotive industry [7] Group 4: Research and Development Investment - R&D expenses amounted to 51.42 million, representing 8.33% of revenue, with a net profit growth of 13.87% [13] - Ongoing R&D projects include multi-modal vehicle ultrasonic sensors and underwater communication sensors, with commercialization timelines varying from months to years [13] Group 5: International Market Expansion - The company's overseas revenue increased by 21.48% year-on-year, driven by enhanced local services and timely delivery [15] - The company plans to strengthen its overseas market presence and develop a robust delivery assurance system [20] Group 6: Future Product and Market Development - The company is focused on expanding into emerging fields such as smart automotive, smart home, and industrial control, ensuring product and technology advancement [16] - The company is exploring the potential of lead-free piezoelectric technology in various sectors, including food and medical applications [21] Group 7: Corporate Governance and Incentives - The company has implemented a stock repurchase plan for employee incentives, with performance assessment indicators in place [17] - The company is open to mergers and acquisitions to accelerate revenue and profit growth, as well as enhance brand internationalization [18]

证券代码：832491 证券简称：奥迪威 公告编号：2025-034 广东奥迪威传感科技股份有限公司 投资者关系活动记录表 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、 投资者关系活动类别 □特定对象调研 √业绩说明会 □媒体采访 □现场参观 □新闻发布会 □分析师会议 □路演活动 □其他 二、 投资者关系活动情况 活动时间：2025 年 3 月 28 日 活动地点：公司通过全景网"投资者关系互动平台"（http://ir.p5w.net）采用 网络方式召开 2024 年年度业绩说明会。 参会单位及人员：通过网络方式参加公司 2024 年年度报告业绩说明会的投 资者。 上市公司接待人员：公司董事长、总经理张曙光，公司独立董事王仁曾；公 司董事、董事会秘书、副总经理梁美怡，公司财务负责人、副总经理李磊，公司 保荐代表人朱展鹏。 三、 投资者关系活动主要内容 本次业绩说明会通过年报视频解读等形式对公司情况及 2024 年经营业绩情 况进行介绍。同时，公司就投资者在本次说明会中提出的问题进行回复，主要 ...

Group 1: Investor Relations Activity - The investor relations activity was conducted online from March 26 to March 27, 2025, with a total of 65 participating institutions [3][4] - Key company representatives included the board members and financial officers [4] Group 2: Company Performance and Revenue - Domestic revenue for 2024 reached ¥330,558,354.83, a year-on-year increase of 43.00%, while overseas revenue was ¥286,606,003.62, up by 21.49% [6] - The overall gross margin slightly decreased due to higher domestic revenue growth compared to overseas [6] Group 3: Product Development and Applications - The ultrasonic underwater distance sensor has been successfully developed and is recognized by downstream customers for applications in underwater detection and robotics [5] - The six-axis multi-head precision dispensing robot is designed for high-precision applications in electronics, medical, and automotive sectors, enhancing manufacturing efficiency [8] - The flexible sensor, or "electronic skin," has been launched and is used in precision robotic hands, with potential applications in service robots and smart wearable devices [13] Group 4: Market Trends and Strategic Focus - The company is focusing on the smart driving sector, with the AKⅡ ultrasonic sensor already in mass production, meeting safety requirements for advanced driving levels [14][15] - The demand for consumer electronics is expected to grow, with products like pressure feedback sensors being integrated into various devices [16] - The development of lead-free piezoelectric materials is anticipated to expand the application scenarios for ultrasonic sensors, addressing market needs in food processing and medical devices [16]

Investment Rating - The investment rating for the company is "Accumulate" (maintained) [5] Core Views - The company is experiencing high revenue growth driven by the smart driving and robotics industry, with plans to expand into underwater distance measurement sensors for deep-sea technology [5] - In 2024, the company achieved a revenue of 617 million yuan, a year-on-year increase of 32.13%, and a net profit of 87.66 million yuan, a year-on-year increase of 13.87% [6] - The company has made significant progress in lead-free piezoelectric new material technology, with core technology and related patents in place, enabling mass production to meet future market demands [6] - The company is investing approximately 200 million yuan in the construction of a new generation smart sensor R&D and manufacturing base [6] - The sensor and actuator business revenues grew by 34% and 26% year-on-year, respectively, with domestic revenue increasing by 43% and overseas revenue by 21% [6] Financial Summary - Revenue forecast for 2023 is 467 million yuan, with a projected growth to 753 million yuan in 2025 and 1.1 billion yuan in 2027 [8] - The net profit forecast for 2023 is 77 million yuan, increasing to 106 million yuan in 2025 and 156 million yuan in 2027 [8] - The company’s earnings per share (EPS) are expected to rise from 0.55 yuan in 2023 to 1.11 yuan in 2027 [8] - The return on equity (ROE) is projected to improve from 8.32% in 2023 to 12.15% in 2027 [8] Market Expansion - The company is actively expanding its market presence in various sectors, including smart automotive, smart instruments, smart home, robotics, and consumer electronics [9] - In the automotive sector, the company has launched a tactile solid-state button solution for smart steering wheels and completed mass production verification for multi-modal ultrasonic sensors [6][9] - The smart meter market is expected to grow significantly due to supportive government policies, with the company positioned to become a key supplier in this space [7] Production Capacity - The current production capacity for sensors and actuators is 70.6 million and 81.76 million units, with utilization rates of 80% and 63%, respectively [6] - The company is expected to launch a new production capacity of 32 million units per year for multi-layer tactile and feedback micro actuators by the end of 2026 [9]

Investment Rating - The report maintains a "Recommend" rating for the company, indicating an expected increase of over 10% relative to the benchmark index in the next 12 months [4][9][16]. Core Insights - The company achieved a revenue of 617 million RMB in 2024, representing a year-on-year growth of 32.13%, with a net profit attributable to shareholders of 87.65 million RMB, up 13.87% year-on-year [3][4]. - The sensor and actuator businesses grew significantly, with sensor revenue increasing by 34.47% and actuator revenue by 26.43% in 2024 [4][5]. - The company is well-positioned in the intelligent driving and smart cockpit sectors, with strong growth potential driven by the increasing demand for advanced automotive technologies [5][6]. Revenue and Profitability - The company's revenue is projected to reach 753 million RMB in 2025, 925 million RMB in 2026, and 1.139 billion RMB in 2027, with year-on-year growth rates of 21.98%, 22.88%, and 23.07% respectively [10]. - The net profit attributable to shareholders is expected to be 106 million RMB in 2025, 129 million RMB in 2026, and 161 million RMB in 2027, with corresponding growth rates of 21.17%, 21.85%, and 24.72% [10]. Market Position and Growth Drivers - The company is a leader in the domestic ultrasonic sensor market, benefiting from the rise of emerging industries and the domestic substitution process [3][4]. - The intelligent driving and smart cockpit sectors are identified as key growth areas, with the company actively innovating and expanding its product offerings [5][6][8]. - The company has made significant advancements in robotics applications, enhancing its market presence in various robotic technologies [7][8]. Technological Advancements - The company has a rich reserve of forward-looking technologies and products, continuously innovating and expanding its product line across multiple sectors, including automotive electronics and smart home applications [8][9]. - New product developments, such as the next-generation AK2 vehicle-mounted ultrasonic sensor, have been successfully delivered in large quantities, meeting safety requirements for higher levels of autonomous driving [6][8]. Financial Metrics - The company's gross margin for 2024 is projected to be 34.81%, a decrease of 3.26 percentage points year-on-year, while the return on equity (ROE) is expected to improve from 8.71% in 2024 to 12.25% by 2027 [10][13].