证券代码：832491 证券简称：奥迪威 公告编号：2024-095 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：2024 年 10 月 31 日至 2024 年 11 月 1 日 活动地点：线上交流会 参会单位及人员：东吴证券、创金合信基金、新华养老、山西证券、东北证 券、指南创投、长江证券、环懿投资、国投证券、浙商证券、红土创新、红塔证 券、西部证券、贝寅资本、蜂巢基金、景领投资、兴业证券、中金财富证券、申 万宏源证券、中山证券、上海云汉资产、 ...

Group 1: Investor Relations Activity Overview - The investor relations activity took place from October 31, 2024, to November 1, 2024, in an online format, with participation from 31 institutions including Dongwu Securities and Xinhua Pension [2] - Company representatives included board members and financial executives, specifically Vice General Manager Liang Meiyi and Vice General Manager Li Lei [2] Group 2: Product Applications and Market Position - The company's ultrasonic sensors are increasingly used in the automotive sector, with models adopting 12-14 ultrasonic sensors, enhancing the sensor integration rate and vehicle installation quantity [3] - The company’s self-developed AKⅡ vehicle-mounted ultrasonic sensor meets functional safety requirements and is compatible with AVP L2 and above autonomous driving levels, showcasing significant technical advantages [3] Group 3: Financial Performance and Profitability - The gross margin for automotive sensors has slightly decreased year-on-year due to intense competition and fluctuations in raw material prices, but the company aims to maintain stable profit levels through product and technology upgrades [3][4] - Non-recurring gains increased due to government subsidies, while credit impairment losses rose in line with accounts receivable growth [8] Group 4: Product Development and Innovation - The company is focused on continuous product and technology innovation to drive sustainable development and profitability, with a strong emphasis on meeting customer needs [4][10] - New products in the haptic feedback actuator category have gained traction in consumer electronics, with small batch orders received for applications in laptops and smart devices [5] Group 5: Strategic Partnerships and Shareholder Relations - The recent share reduction by Desay SV is complete, and it is expected not to impact the ongoing collaboration between the two companies [7] - The company is committed to maintaining shareholder interests while pursuing future development plans, including potential dividend distributions [9] Group 6: Future Outlook and Strategic Focus - The company plans to focus on "strong artificial intelligence" technologies, with an uncertain but potentially significant market impact [10] - The implementation of the 2023 equity incentive plan is ongoing, aimed at motivating core management and technical teams [10] Group 7: Technological Advancements - The development of lead-free piezoelectric ceramic technology is expected to expand applications in various fields, including food processing and medical devices [11] - The company has successfully launched a lead-free ultrasonic flow measurement solution in collaboration with ScioSense at the Enlit Europe 2024 exhibition [11]

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]

公司盈利预测及估值 指标 2022A 2023A 2024E 2025E 2026E 营业收入（百万元） 378 467 597 746 895 增长率 yoy% -9% 24% 28% 25% 20% 归母净利润（百万元） 53 77 83 107 126 增长率 yoy% -11% 45% 8% 29% 18% 每股收益（元） 0.38 0.55 0.59 0.76 0.89 每股现金流量 0.55 0.51 0.66 0.35 0.56 净资产收益率 6% 8% 8% 10% 11% P/E 70.2 48.3 44.8 34.7 29.5 P/B 4.2 4.0 3.8 3.5 3.2 备注：股价截止自2024 年 10 月 29 日收盘价，每股指标按照最新股本数全面摊薄 评级： 增持（维持） 分析师：冯胜 执业证书编号：S0740519050004 Email：fengsheng@zts.com.cn 分析师：万欣怡 执业证书编号：S0740524070005 Email：wanxy@zts.com.cn 基本状况 报告摘要 事件：公司发布 2024 年三季报。单季度看，2024Q3 公司实现收入 ...

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 ...

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 ...

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 ...