Summary of Key Points Core Viewpoint - The announcement details the lifting of restrictions on 112,500 shares of Hubei Kait Automotive Electronics Co., Ltd., which represents 0.0628% of the company's total share capital, effective from May 30, 2025 [1]. Details of Restricted Stock Release - The total number of shares to be released from restrictions is 112,500, which constitutes 0.0628% of the total share capital of the company [1]. - The release of restrictions is attributed to the annual unlocking of shares for directors, supervisors, and senior management personnel [2]. - The total number of shares that remain restricted after this release is 2,286,000 [2]. Share Capital Situation Post-Release - After the release of restrictions, the total number of unrestricted shares will be 100,279,448, accounting for 55.9403% of the total share capital [3]. - The total share capital of the company is 179,261,468 [3]. Compliance and Disclosure - The shareholders applying for the release of restrictions have no outstanding commitments and there are no non-operational fund occupations by these shareholders [6]. - The company will fulfill its information disclosure obligations if any of the shareholders decide to reduce their holdings in the future [5].

Group 1: Investor Relations Activities - The investor relations activity included a site visit and discussion on May 20, 2025, at the company's location in Wuhan [3] - Attendees included representatives from various securities firms and asset management companies [3] Group 2: Company Projects and Financials - The construction of the vehicle actuator project is ongoing, with the fifth floor of the main building under construction [3] - In 2024, sales revenue from actuator products reached ¥327.21 million, accounting for 39.60% of total revenue; sensor products contributed 35.65%, and controllers accounted for 24.04% [4] Group 3: Orders and Competitiveness - The company supplies air outlet actuators to a globally renowned electric vehicle manufacturer and has increased the supply of air conditioning actuators through secondary supply channels [5] - The company has established a strong customer resource advantage over 29 years in the automotive parts industry, with long-term relationships with major domestic and international automotive manufacturers [6] Group 4: Competitors - Major competitors for sensor products include companies such as Xiaogan Huagong Gaoli Electronics Co., Ltd. and Jiangsu Riying Electronics Co., Ltd. [7] - Competitors for controller products include Wuhan Xianjie Electronics Co., Ltd. and for actuator products include Delta Electronics Holdings Limited [7]

一、本次股票解除限售数量总额为 112,500 股，占公司总股本 0.0628%，可交易 时间为 2025 年 5 月 30 日。 二、本次股票解除限售的明细情况及原因 单位：股 证券代码：832978 证券简称：开特股份 公告编号：2025-051 湖北开特汽车电子电器系统股份有限公司 2022 年限制性股票激励计划 限制性股票解除限售公告 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。 | | | 是否为 | | 本 | | | | 本次解 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | 控股股 | 董事、监 | 次 | | 本次变 | | | | | | 股东姓 | 东、实 | 事、高级 | 解 | 本次解 | 更限售 | 变更后 | 除限售 | 尚未解除 | | 序 | 名或名 | 际控制 | 管理人 | 限 | 除限售 | 类型登 | 限售类 | 股数占 | 限售的股 | | | 称 | 人或其 | ...

Core Insights - Kaite Co., Ltd. reported a significant growth in Q1 2025, with revenue reaching 240 million yuan, a year-on-year increase of 48.05%, and a net profit attributable to shareholders of 40.13 million yuan, up 41.60% [1] - The growth in the new energy vehicle (NEV) market has directly contributed to the company's performance, with NEV production and sales in China increasing by 50.4% and 47.1% respectively [1] Financial Performance - The company's operating income for Q1 2025 was 240 million yuan, with a year-on-year growth of 48.05% [1] - Net profit attributable to shareholders was 40.13 million yuan, reflecting a 41.60% increase year-on-year [1] - The non-recurring net profit reached 39.93 million yuan, with a growth rate of 61.87% [1] - Operating costs increased by 44.30% year-on-year, but the gross margin remained stable due to the release of scale effects [1] Market Dynamics - The NEV market in China saw production and sales growth of 14.5% and 11.2% respectively, with NEVs accounting for 41.2% of total new car sales [1] - The penetration of NEVs and smart chassis is accelerating, benefiting companies like Kaite Co., Ltd. in the automotive electronics sector [1] Technological Advancements - Kaite Co., Ltd. has strengthened its technological barriers in the core component localization process, holding a total of 340 patents, including 34 invention patents [2] - R&D expenses increased by 16.02% to 11.09 million yuan, representing 4.63% of revenue [2] Capacity Expansion - The construction of the subsidiary Kaite Electronics Yunmeng Co., Ltd.'s capacity expansion and fundraising projects is progressing steadily, with construction projects increasing by 43.76% compared to the end of the previous year [2] Strategic Focus - The company aims to deepen its focus on the automotive thermal system sector, leveraging customer and product resource potential to convert into sales and profits [2] - Kaite Co., Ltd. is actively advancing the full process of R&D, design, trial production, and mass production for new generation sensors and actuators to ensure smooth market entry and sustainable delivery [2]

Investment Rating - The report assigns an "Accumulate" rating for the company, indicating an expectation that the stock will outperform the market index by 5%-15% over the next six months [4][6]. Core Insights - The company reported a significant increase in revenue and profit for 2024, with total revenue reaching 826 million yuan, a year-on-year growth of 26.5%, and a net profit of 138 million yuan, up 21.24% [4]. - In Q1 2025, the company continued to show strong growth, achieving revenue of 240 million yuan, a 48.05% increase year-on-year, and a net profit of 40 million yuan, up 41.6% [4]. - The company's actuator business experienced substantial growth, with sales increasing by 55.40% in 2024, contributing to 39.6% of total revenue [4]. Summary by Sections Financial Performance - In 2024, the company achieved total revenue of 826 million yuan and a net profit of 138 million yuan, with a gross margin of 32.87% in Q1 2025 [4][5]. - The company forecasts earnings per share of 1.11 yuan and 1.34 yuan for 2025 and 2026, respectively, with corresponding price-to-earnings ratios of 22 and 18 [4][5]. Product Segments - The sales revenue for sensor products was 295 million yuan in 2024, with a gross margin of 49.64%, while controller products generated 199 million yuan with a gross margin of 18.22% [4]. - The actuator segment's revenue reached 327 million yuan in 2024, with a gross margin improvement of 2.3 percentage points to 25.61% [4]. Cost Structure - The total operating costs for 2024 were 669 million yuan, with a breakdown of operating expenses including sales, management, and R&D costs [5].

证券代码：832978 证券简称：开特股份 公告编号：2025-048 湖北开特汽车电子电器系统股份有限公司 第五届监事会第八次会议决议公告 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 1.会议召开时间：2025 年 4 月 28 日 2.会议召开地点：武汉市经济技术开发区（汉南区）开特汽车电子工业园二楼会 议室 3.会议召开方式：现场 （一）会议召开情况 4.发出监事会会议通知的时间和方式：2025 年 4 月 25 日以邮件方式发出 5.会议主持人：潘英武 6.召开情况合法、合规、合章程性说明： 本次会议的召集、召开、议案审议程序和议事内容均符合《公司法》和《公 司章程》的规定，所作决议合法有效。 （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。 1.议案内容： 根据《北京证券交易所股票上市规则》《北京证券交易所上市公司业务办理 指南第 6 号—定期报告相关事项》等业务规则及《公司章程》的有关规定，公司 编制了《2025 年一季度报告》。具体内容详 ...

证券代码：832978 证券简称：开特股份 公告编号：2025-046 湖北开特汽车电子电器系统股份有限公司 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 4 月 25 日 活动地点：价值在线（https://www.ir-online.cn/）网络互动。 参会单位及人员：通过网络方式参与公司本次业绩说明会的投资者。 上市公司接待人员：董事长兼总经理郑海法先生、董事会秘书李元志先生、 财务总监余雄兵先生、保荐代表人宋德华先生。 三、投资者关系活动主要内容 本次年度报告业绩说明会通过年报视频解读等形式，介绍公司基本情况，回 顾公司 2024 年经营成果及对未来发展展望。同时，公司就投资者关心的问题进 行了沟通交流，主要问题及回复如下： 5、公司产品应用在储能等新领域的空间如何？是否有相关客户导入？订 单量如何？ ...

证券代码：832978 证券简称：开特股份 公告编号：2025-047 湖北开特汽车电子电器系统股份有限公司 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：2025 年 4 月 28 日 2.会议召开地点：武汉市经济技术开发区（汉南区）开特汽车电子工业园二 楼会议室 3.会议召开方式：现场与通讯相结合 4.发出董事会会议通知的时间和方式：2025 年 4 月 25 日以邮件方式发出 5.会议主持人：郑海法 6.会议列席人员：公司监事会成员 7.召开情况合法、合规、合章程性说明： 本次会议的召集、召开、议案审议程序和议事内容均符合《公司法》和《公 司章程》的规定，所作决议合法有效。 （二）会议出席情况 会议应出席董事 7 人，出席和授权出席董事 7 人。 二、议案审议情况 （一）审议通过《关于 2025 年一季度报告的议案》 1.议案内容： 根据《北京证券交易所股票上市规则》《北京证券交易所上市公司业务办理 指 ...

Investment Rating - The investment rating for the company is "Buy" (maintained) [2] Core Views - The company's performance in 2024 is driven by steady growth in the production and sales of new energy vehicles, along with the ramp-up of new products, resulting in a year-on-year increase of 23% in net profit excluding non-recurring items [2] - The company achieved total revenue of 826.36 million yuan in 2024, representing a year-on-year growth of 26.5%, and a net profit attributable to the parent company of 137.85 million yuan, up 21.24% year-on-year [2] - The decline in profit margins is attributed to changes in product sales structure and increased costs from machinery purchases and wage adjustments [2] Revenue Breakdown - Revenue from the sensor segment increased by 14.30% to 295 million yuan, accounting for 35.65% of total revenue, with a gross margin decrease of 1.89 percentage points to 49.64% [3] - Revenue from the controller segment grew by 11.25% to 199 million yuan, representing 24.04% of total revenue, with a gross margin decrease of 0.37 percentage points to 18.22% [3] - The actuator segment saw a significant revenue increase of 55.40% to 327 million yuan, now accounting for 39.60% of total revenue, with a gross margin increase of 2.30 percentage points to 25.61% [3] Business Strengths - The company has a strong research and development capability, focusing on platform-based products that meet vehicle needs, and holds a leading position in manufacturing processes for sensor products [4] - The customer base includes major automotive manufacturers such as Volkswagen, BYD, SAIC, and Geely, as well as new energy vehicle companies like NIO, Li Auto, and Xpeng [4] - The company benefits from the trends of vehicle electrification, intelligence, and connectivity, which increase the demand for semiconductors, sensors, and automotive electronic systems [4] - Capacity expansion projects are underway, expected to significantly enhance production capabilities by adding millions of units of temperature sensors and actuators by 2025 [4] Financial Forecasts - The company has revised its net profit forecasts for 2025 and 2026 to 177.96 million yuan and 239.16 million yuan, respectively, with a new forecast for 2027 at 309.34 million yuan [4] - Corresponding dynamic P/E ratios are projected at 24.55, 18.27, and 14.12 for 2025, 2026, and 2027, respectively, indicating long-term growth potential [4]

Group 1 - The report highlights that as of Q1 2025, the market value of public funds heavily invested in the Beijing Stock Exchange (BSE) reached 6.743 billion, a quarter-on-quarter increase of 24.5% [3][4] - The allocation scale and ratio of public funds continue to grow, driven by the spring technology theme, with a notable increase in the importance of stock selection [3][8] - The active equity public funds have shown increased attention towards BSE stocks, with the allocation coefficient reaching 0.43, up by 0.05 from the previous quarter [3][9] Group 2 - The report indicates that the BSE 50 index fund experienced slight redemptions, but future inflows are still anticipated, with the total scale reaching 9.258 billion, an increase of 1.479 billion [3][16] - The average net value growth rate of thematic funds in 2025 is 39.1%, outperforming the BSE 50 index's growth of 30.6% [3][19] - The report emphasizes a focus on active equity public funds, with new additions to the top ten heavy stocks including Kaitai Co., Minsida, and Norsland, further concentrating on Jinbo Biological [3][20] Group 3 - The report notes that active public funds are increasing their holdings in consumer sectors and companies with strong earnings reports, with six of the top ten stocks showing a profit growth rate exceeding 20% in 2024 [3][24] - The report identifies a shift towards consumer sectors, with an emphasis on "consumption + technology" as highlighted in the 2025 Two Sessions, leading to increased allocations in companies like Jinbo Biological and Kangnong Seed [3][26] - The report also mentions a decrease in heavy allocations in sectors such as electric equipment, machinery, and automobiles, while increasing in beauty care, light manufacturing, and agriculture [3][26]