证券代码：833346 证券简称：威贸电子 公告编号：2025-009 上海威贸电子股份有限公司 关于 2021 年度员工持股计划锁定期届满的提示性公告 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。 二、本持股计划锁定期届满后的后续安排 本持股计划锁定期届满后将根据北京证券交易所的相关要求办理解限售手 续。解除限售后，持股平台的合伙人将根据本持股计划的规定，按持有人会议的 决议和市场情况择机进行处置。 三、本员工持股计划的存续期 1、本计划的存续期最长不超过 10 年，自本计划实施并完成工商变更登记之 日起计算。 2、本计划期满后参与对象所持有股份的处置办法： 上海威贸电子股份有限公司（以下简称"公司"）2021 年度员工持股计划（以 下简称"本持股计划"或"员工持股计划"）锁定期于 2025 年 2 月 22 日届满。 根据《北京证券交易所上市公司持续监管指引第 3 号—股权激励和员工持股计 划》、《上海威贸电子股份有限公司 2021 年员工持股计划（草案）（修订稿）》的 相关规定，现将相关情况公告 ...

Group 1: Investor Relations Activity - The company conducted an investor relations activity from February 24 to February 25, 2025, at an online meeting and a physical location in Shanghai [3] - Participating institutions included various securities firms and investment funds, with the company represented by the Vice General Manager and Board Secretary, Mr. Zhou Weidi [3] Group 2: Financial Performance - In 2024, the company reported a revenue growth of 13.69% and a net profit growth of 14.55% compared to the previous year [4] - Growth was primarily driven by strong performance in the smart home appliance and new energy vehicle sectors, alongside an increase in high-value integrated products due to the company's component strategy [4] Group 3: Low-altitude Aircraft Development - The company is actively engaged in the low-altitude economy and is preparing for mass production of low-altitude aircraft in collaboration with Xiaopeng Huitian [5] - A dedicated facility has been established for low-altitude aircraft projects, with production lines set to be operational as customer demand increases [6] Group 4: ESG Initiatives - The company has prioritized environmental protection, social responsibility, and corporate governance since 2014, implementing social responsibility audits and adopting green energy solutions [7] - Initiatives include installing rooftop solar panels, establishing a carbon footprint calculation system for new projects, and investing in energy-efficient equipment to enhance production sustainability [7][8]

Investment Rating - The investment rating for the company is "Outperform" (maintained) [1] Core Insights - The company is expected to achieve a revenue of 260 million yuan in 2024, representing a year-on-year growth of 13.69%, with a net profit attributable to the parent company of 44.687 million yuan, up 14.55% [3] - The company is preparing for mass production of its collaboration project with XPeng Huaitian on flying cars, which is anticipated to contribute to revenue growth [4] - The company has also made significant advancements in the home appliance sector, particularly with commercial coffee machines, which are expected to open new avenues for revenue growth [5] Financial Summary - Revenue is projected to grow from 229 million yuan in 2023 to 260 million yuan in 2024, with a compound annual growth rate (CAGR) of 13.7% [6] - Net profit is expected to increase from 39 million yuan in 2023 to 45 million yuan in 2024, reflecting a year-on-year growth of 14.5% [6] - The company's earnings per share (EPS) are forecasted to be 0.55 yuan in 2024, with a price-to-earnings (P/E) ratio of 51.7 times [3][6]

Financial Performance - The company achieved operating revenue of ¥260,157,690.79, representing a year-on-year increase of 13.69%[3] - Net profit attributable to shareholders reached ¥44,687,015.03, up 14.55% compared to the previous year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥39,159,774.35, reflecting a growth of 14.23%[4] - Basic earnings per share increased to ¥0.56, a rise of 14.29% year-on-year[4] Assets and Equity - Total assets at the end of the reporting period were ¥539,801,787.35, marking a 3.96% increase from the beginning of the period[4] - Shareholders' equity attributable to the company was ¥450,717,637.87, which is a 4.47% increase[4] Business Growth and Strategy - The company maintained steady growth in its business, particularly in the smart home appliance and new energy vehicle sectors, contributing significantly to revenue and profit[5] - The company is actively exploring new projects while maintaining existing customer relationships, focusing on high-tech and high-value-added projects[5] Financial Reporting and Caution - The financial data presented is preliminary and has not been audited, emphasizing the need for cautious investment decisions[6] - The company plans to disclose detailed financial data in its 2024 annual report[6]

Group 1: Investor Relations Activity - The investor relations activity was categorized as "Other" (Securities Strategy Meeting) [3] - The event took place on February 20, 2025, at the Crowne Plaza Hotel in Shenzhen [3] - Attendees included representatives from various securities firms and funds [3] Group 2: Company Performance and Orders - The company currently has sufficient orders and is managing production across all production lines [4] - Ongoing research and development for new projects is in progress, contributing to a positive overall business outlook [4] - The company aims to develop new quality clients and projects with existing clients to secure more high-quality orders [4] Group 3: Dividend Distribution Plans - The company has consistently distributed cash dividends to shareholders over the past few years [5] - Business growth and profitability have been stable, with good cash flow conditions [5] - The company emphasizes shareholder rights and will disclose any future dividend plans in a timely manner [5]

Group 1: Investor Relations Activity Overview - The investor relations activity took place from February 13 to February 14, 2025, at the Shanghai Kempinski Hotel and Shanghai Pudong Shangri-La Hotel [3] - Participating institutions included various securities firms and asset management companies, with a total of 20 attendees [3] - The company was represented by the Deputy General Manager and Board Secretary, Mr. Zhou Weidi [3] Group 2: Impact of Tariffs and Market Strategy - The impact of the U.S. tariff increase on the company's business is minimal, as sales to the North American market account for a small proportion of overall revenue [4] - The company has established long-term relationships with global enterprises, which enhances stability and responsiveness to customer needs [4] Group 3: Low-altitude Economy Initiatives - The company has leveraged its experience in automotive and industrial automation wiring harnesses to develop low-altitude flying vehicle projects [5] - Collaboration with XPeng Huitian on charging system wiring harnesses is nearing completion, with preparations for mass production underway [5] Group 4: Automotive Lighting Projects - The company has launched the first fully automated production line for IDC piercing connectors in the automotive sector, securing projects with major brands like Mercedes-Benz and Audi [6] - New projects are in development, aiming to meet additional customer needs in automotive lighting [6] Group 5: Copper Price Fluctuation and Cost Management - The company has shifted towards componentization and integration strategies, reducing the impact of copper price fluctuations on profitability [8] - Copper wire constitutes a small portion of raw materials, and the company employs measures such as price locking with suppliers to control procurement costs [8]

证券研究报告·公司深度报告 2025 年 2 月 14 日 江海证券研究发展部 执业证书编号：S1410525010001 联系人：刘瑜 执业证书编号：S1410123110011 | 投资评级: | 增持 (首次) | | --- | --- | | 当前价格: | 25.86元 | | 市场数据 | | | --- | --- | | 总股本(百万股) | 80.68 | | A 股股本(百万股) | 80.68 | | B/H 股股本(百万股) | -/- | | A 股流通比例(%)） | 33.55 | | 12 个月最高/最低(元) | 36.59/9.32 | | 第一大股东 | 周豪良 | | 第一大股东持股比例(%) | 42.43 | | 上证综指/沪深 300 | 3322.17/3901.06 | 数据来源：聚源 注：2025 年 2 月 10 日数据 % 1 个月 3 个月 12 个月 相对收益 -1.23 -11.02 87.67 绝对收益 18.41 -22.94 136.20 数据来源：聚源 注：相对收益与北证 50 相比 | | | 分析师：张婧 工业连接方案集成制造商，下游 ...

申万宏源证券承销保荐有限责任公司 关于上海威贸电子股份有限公司 补充确认并继续使用部分闲置募集资金进行现金管理的 核查意见 申万宏源证券承销保荐有限责任公司（以下简称"申万宏源承销保荐"或"保 荐机构"）作为上海威贸电子股份有限公司（以下简称"威贸电子"或"公司"）向 不特定合格投资者公开发行股票并在北京证券交易所上市的保荐机构，根据《证 券发行上市保荐业务管理办法》《北京证券交易所股票上市规则（试行）》《北京 证券交易所证券发行上市保荐业务管理细则》《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》等相关规定，对威贸电子补充确认并继续使 用部分闲置募集资金进行现金管理事项进行了核查，具体情况如下： 一、募集资金基本情况 经中国证券监督管理委员会于 2022 年 1 月 25 日核发的《关于同意上海威 贸电子股份有限公司向不特定合格投资者公开发行股票注册的批复》（证监许 可[2022]212 号）同意，公司向不特定合格投资者公开发行人民币普通股（A 股）23,351,603 股（包含行使超额配售选择权发行的股份）,每股面值人民币 1 元，并于 2022 年 2 月 23 日在北京证券交易所正式 ...

证券代码：833346 证券简称：威贸电子 公告编号：2025-004 上海威贸电子股份有限公司 关于补充确认并继续使用闲置募集资金 进行现金管理公告 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。 | 序号 | 募集资金 | 实施 | 募集资金计划 | 累计投入募集 | 投入进度 （%） | | --- | --- | --- | --- | --- | --- | | | | | 投资总额（调 | 资金金额 | | | | 用途 | 主体 | | | （3）=（2）/ | | | | | 整后）（1） | （2） | | | | | | | | （1） | | 账户名称 | 银行名称 | 账号 | 金额（元） | | --- | --- | --- | --- | | 上海威贸电子股 份有限公司 | 中国农业银行股 份有限公司上海 | 03861500040115052 | 2,751,522.78 | | | 练塘支行 | | | | 上海威贸电子股 | 中国银行上海青 | 45338258444 ...

证券代码：833346 证券简称：威贸电子 公告编号：2025-005 上海威贸电子股份有限公司 关于使用闲置自有资金进行委托理财的公告 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、 委托理财概述 公司拟使用不超过等额于人民币 3 亿元的闲置自有资金委托理财。在上述额 度内，资金可以循环滚动使用，委托理财取得的收益可进行再投资，再投资的金 额不包含在上述额度以内。 （三） 委托理财期限 自股东大会审议通过之日起 12 个月内有效，如单笔产品存续期超过前述有 效期，则决议的有效期自动顺延至该笔交易期满之日。在上述额度及有效期范围 内，公司授权董事长行使相关投资决策权并签署相关文件，财务部门负责具体组 织实施及办理相关事宜。 二、 决策与审议程序 （一） 委托理财目的 为提高公司流动资金的使用效率，增加公司的收益水平，在确保正常经营所 需流动资金及资金安全的情况下，公司拟使用闲置自有资金委托理财，购买安全 性高、流动性好、低风险的理财产品，包括但不限于银行存款类产品、银行美元 定期存款、银行理财产品 ...