广东奥迪威传感科技股份有限公司 关于向香港联交所递交境外上市外资股（H 股）发行并上市的申请 并刊发申请资料的公告 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。 广东奥迪威传感科技股份有限公司（以下简称"公司"）已于2025年11月27 日向香港联合交易所有限公司（以下简称"香港联交所"）递交了发行境外上市外 资股（H股）并在香港联交所主板挂牌上市（以下简称"本次发行并上市"）的申 请，并于同日在香港联交所网站刊登了本次发行并上市的申请资料。该申请资料 为公司按照香港证券及期货事务监察委员会（以下简称"香港证监会"）及香港联 交所的要求编制和刊发，为草拟版本，其所载资料可能会适时作出更新和修订， 投资者不应根据其中的资料作出任何投资决定。 鉴于本次发行并上市的认购对象仅限于符合相关条件的境外投资者及依据 中国相关法律法规有权进行境外证券投资的境内合格投资者，公司将不会在境内 证券交易所的网站和符合境内监管机构规定条件的媒体上刊登该申请资料，但为 使境内投资者及时了解该等申请资料披露的本次发行并上市以及 ...

Core Viewpoint - Guangdong Audiwei Sensor Technology Co., Ltd. has submitted an application to list on the Hong Kong Stock Exchange, focusing on the research, manufacturing, and sales of sensors and actuators for various high-growth downstream applications [1]. Company Overview - Audiwei specializes in providing comprehensive intelligent sensing and actuation solutions for smart homes, smart cars, smart terminals, and smart manufacturing [5]. - The company operates under an IDM (Integrated Device Manufacturer) model, integrating all key production processes for sensors and actuators, including sensitive materials, transducer chips, algorithms, and precision manufacturing [5]. Market Position - Audiwei ranks second in China for smart home product sensor revenue in 2024 and third globally for automotive ultrasonic sensors and actuators shipped [6]. - The company has three domestic production bases in Guangzhou, Zhaoqing, and Jingdezhen, and one overseas base in Selangor, Malaysia [6]. Financial Performance - Revenue for Audiwei was RMB 377.951 million in 2022, RMB 467.081 million in 2023, and is projected to reach RMB 617.164 million in 2024, reflecting a compound annual growth rate (CAGR) of 27.8% [11]. - Net profit for the same years was RMB 52.618 million, RMB 76.978 million, and RMB 93.951 million, with a CAGR of 33.6% [12]. Profitability Metrics - Gross margin improved from 34.9% in 2022 to 38.0% in 2023, while net profit margin increased from 13.9% to 16.5% during the same period [10][13]. Industry Overview - The sensor and actuator market is expected to grow steadily, driven by increasing demand for intelligent sensing and precise motion control [14]. - The global sensor market is projected to expand from USD 189.1 billion in 2020 to USD 237.1 billion by 2024, with a CAGR of 5.8% [14]. - In China, the sensor market is expected to grow from RMB 292.9 billion in 2020 to RMB 398.3 billion by 2024, with a CAGR of 8.0% [14]. Smart Home Market - The global market for sensors and actuators in smart home products is projected to reach approximately USD 23 billion and USD 45.9 billion, respectively, by 2024 [16]. - The Chinese market for the same is expected to reach RMB 44.9 billion and RMB 86.5 billion [16]. Automotive Market - The global market for automotive sensors and actuators is expected to reach approximately USD 45.7 billion and USD 40.6 billion, respectively, by 2024 [18]. - In China, the market size for automotive sensors and actuators is projected to reach RMB 89.5 billion and RMB 86.7 billion [18].

Company Overview - Guangdong Audiwei Sensor Technology Co., Ltd. has submitted its application to the Hong Kong Stock Exchange for a main board listing, with China Merchants Securities International as the sole sponsor [1] - The company focuses on the research, development, manufacturing, and sales of sensors and actuators, providing comprehensive intelligent sensing and execution solutions for various high-growth downstream applications [1] Business Focus - Audiwei targets four core solution scenarios: (i) smart home solutions; (ii) smart automotive solutions; (iii) smart terminal solutions; and (iv) smart manufacturing solutions, with smart home and automotive solutions forming the current business foundation [1] - The company operates under an IDM (Integrated Device Manufacturer) model, integrating all key production processes for sensors and actuators, including sensitive materials, transducer chips, algorithms, and precision manufacturing [1] Financial Performance - Audiwei's revenue for 2022, 2023, and 2024 is projected to be RMB 378 million, RMB 467 million, and RMB 617 million, respectively, with a compound annual growth rate (CAGR) of 27.8% [2] - The net profit for the same years is expected to be RMB 52.6 million, RMB 76.98 million, and RMB 93.95 million, reflecting a CAGR of 33.6% [3] - The company's net profit margin for 2022, 2023, and 2024 is recorded at 13.9%, 16.5%, and 15.2%, respectively [4] Market Overview - The global sensor and actuator market is expected to grow steadily, with the market size projected to expand from USD 189.1 billion and USD 262.1 billion in 2020 to USD 237.1 billion and USD 320.5 billion in 2024, with CAGRs of 5.8% and 5.2% [5] - In China, the market size for sensors and actuators is anticipated to grow from RMB 292.9 billion and RMB 394.5 billion to RMB 398.3 billion and RMB 499.1 billion, with CAGRs of 8.0% and 6.1% [5] Future Outlook - The demand for intelligent sensing and precise motion control is expected to drive the transition towards higher performance, miniaturized, and software-enhanced sensors and actuators [6] - The global and Chinese sensor and actuator markets are projected to maintain stable growth, with CAGRs of approximately 4.8% and 6.2% from 2024 to 2029 [6] - The market for smart home product sensors and actuators is expected to reach approximately USD 87.9 billion and RMB 195.6 billion by 2029, with CAGRs of about 5.0% and 8.3% from 2024 to 2029 [6] Industry Position - Audiwei ranks second in China for smart home product sensor revenue and third globally for automotive ultrasonic sensor and actuator shipments in 2024 [2] - The company has three domestic production bases located in Guangzhou, Zhaoqing, and Jingdezhen, along with one overseas production base in Selangor, Malaysia [2]

Core Viewpoint - Guangdong Audiwei Sensor Technology Co., Ltd. has submitted an application to list on the Hong Kong Stock Exchange, focusing on the research, manufacturing, and sales of sensors and actuators for various high-growth downstream applications [1]. Company Overview - Audiwei specializes in providing comprehensive intelligent sensing and actuation solutions for smart homes, smart cars, smart terminals, and smart manufacturing [5][6]. - The company operates under an IDM (Integrated Device Manufacturer) model, integrating all key production processes for sensors and actuators, including sensitive materials, transducer chips, algorithms, and precision manufacturing [5]. Market Position - Audiwei ranks second in China for smart home product sensor revenue in 2024 and third globally for automotive ultrasonic sensors and actuators shipped [6]. - The company has three domestic production bases in Guangzhou, Zhaoqing, and Jingdezhen, and one overseas base in Selangor, Malaysia [6]. Financial Performance - Revenue for Audiwei is projected to grow from RMB 377.951 million in 2022 to RMB 617.164 million in 2024, reflecting a compound annual growth rate (CAGR) of 27.8% [9][10]. - Net profit is expected to increase from RMB 52.618 million in 2022 to RMB 93.951 million in 2024, with a CAGR of 33.6% [10][11]. Profitability Metrics - Gross margin improved from 34.9% in 2022 to 38.0% in 2023, while net profit margin increased from 13.9% to 16.5% during the same period [10][11]. - Return on equity rose from 6.0% in 2022 to 8.3% in 2023, indicating enhanced profitability [10]. Industry Overview - The global sensor and actuator market is expected to grow from USD 189.1 billion in 2020 to USD 237.1 billion by 2024, with a CAGR of 5.8% [11]. - The Chinese market for sensors and actuators is projected to grow from RMB 292.9 billion in 2020 to RMB 398.3 billion by 2024, with a CAGR of 8.0% [11]. Future Outlook - The demand for intelligent sensing and precise motion control is expected to drive the transition towards higher performance, miniaturized, and software-enhanced sensors and actuators [11]. - The global and Chinese sensor and actuator markets are anticipated to maintain stable growth, with projected CAGRs of approximately 4.8% and 6.2% from 2024 to 2029, respectively [11].

证券代码：920491 证券简称：奥迪威 公告编号：2025-123 广东奥迪威传感科技股份有限公司 2025 年第三季度报告业绩说明会预告公告 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、 说明会类型 广东奥迪威传感科技股份有限公司（以下简称"公司"）于 2025 年 10 月 28 日在北京证券交易所信息披露平台（www.bse.cn）披露了《2025 年第三季度报 告》（公告编号：2025-118），为方便广大投资者更深入了解公司 2025 年第三季 度经营业绩的具体情况，加强与投资者的交流互动，公司拟召开 2025 年第三季 度报告业绩说明会。 二、 说明会召开的时间、地点 （一）会议召开时间：2025 年 11 月 28 日（星期五）15:00-16:00。 （二）会议召开地点 四、 投资者参加方式 本次说明会采用网络方式召开。 为充分尊重投资者，提升交流的针对性，现就本次业绩说明会提前向投资者 公开征集问题，广泛听取投资者的意见和建议。投资者可于 2025 年 11 月 27 日 （ ...

证券代码：920491 证券简称：奥迪威 公告编号：2025-122 广东奥迪威传感科技股份有限公司 2025 年第三次临时股东会决议公告 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 1.会议召开时间：2025 年 11 月 12 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 6.召开情况合法合规的说明： 本次股东会的召集、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会的股东共 19 人，持有表决权的股份总数 36,943,799 股，占公司有表决权股份总数的 26.17%。 其中通过网络投票参与本次股东会的股东共 8 人，持有表决权的股份总数 3,051,088 股，占公司有表决权股份总数的 2.16%。 （三）公司董事、高级管理人员出席或列席股东会情 ...

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 2025 年第三次临时股东会的法律意见 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 11 月 12 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 2025 年第三次临时股 东会（以下简称"本次股东会"）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》《上市公司股东会规则》《北京证券交易所股票上市规则》等中 国现行法律、法规（为本法律意见之目的，中国现行法律、法规不包括中华人民共和国 香港特别行政区、澳门特别行政区及台湾省的法律、法规，以下简称"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会议事规则》（以下简称"公司股东会议事规则"）的 有关规定，就本次股东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 ...

Real Estate - The real estate sector has seen a decline of 0.2% this week, with new home transactions in 42 key cities totaling 1.54 million square meters, a month-on-month decrease of 38.7% [2] - The government has launched a plan to develop smart cities, aiming to establish over 50 fully digital transformation cities by the end of 2027 [2][10] - Various local policies are being implemented, such as Shenzhen's support for converting idle non-residential properties into affordable rental housing [2][10] Transportation - The express delivery sector is experiencing strong demand, with the National Postal Bureau emphasizing the need to combat "involution" competition [14][25] - Shentong has completed the acquisition of Danbird Logistics, which is expected to enhance its market share and service capabilities [15][25] - The shipping industry is benefiting from improved Sino-US trade relations, with expectations of increased demand for Panamax bulk carriers [16] Pharmaceuticals - Haitai New Light reported a significant revenue increase of 40.47% year-on-year for the first three quarters of 2025, driven by strong demand for medical endoscopes and optical products [29][30] - The company has a backlog of orders worth approximately 300 million yuan from US clients, indicating robust market demand [30] - The gross profit margin has steadily improved, reaching 66.55%, supported by the transition of production capacity to Thailand to mitigate tariff risks [31] Technology - Audiwei has achieved a revenue growth of 12% year-on-year for the first three quarters of 2025, with plans for H-share financing to enhance overseas expansion [33][34] - The company is benefiting from the upgrade of intelligent driving systems, which is increasing demand for its ultrasonic sensors [34][35] - Parallel Technology has reported a 69% year-on-year revenue increase, driven by its collaboration with Alibaba Cloud to promote domestic computing power and AI technology [37][38]

Investment Rating - The investment rating for the company is "Accumulate" (maintained) [5] Core Views - The company is expected to achieve stable development in Q3 2025, with plans for H-share financing to strengthen overseas expansion and diversify into server cooling and robotics applications [5][7] - The company’s main products are smart sensors and actuators, and it is well-positioned to capitalize on opportunities in automotive intelligence, consumer electronics, robotics, and healthcare, which is anticipated to drive steady revenue growth [6][7] Financial Summary - The company’s projected net profits for 2025-2027 are estimated at 98 million, 124 million, and 147 million yuan respectively, with corresponding P/E ratios of 43, 34, and 29 times [6] - Revenue for 2025 is forecasted to be 753 million yuan, reflecting a year-on-year growth rate of 21.99% [6][8] - The company achieved revenue of 502 million yuan in Q1-Q3 2025, a year-on-year increase of 12%, with a net profit of 71.47 million yuan, up 6% year-on-year [7] Market Performance - The closing price of the company’s stock is 30.10 yuan, with a market capitalization of approximately 4.25 billion yuan [3][4] - The stock has fluctuated between a high of 42.88 yuan and a low of 19.56 yuan over the past year [3] Business Development - The company is benefiting from the upgrade of intelligent assisted driving systems, with increasing demand for sensor performance and quantity as the industry moves from L2 to L3/L4 levels [7] - The company is also expanding its non-automotive business, with rapid progress in robotics and server cooling applications, which are expected to accelerate commercialization [7] Financial Projections - The company’s revenue is projected to grow from 617 million yuan in 2024 to 1.10 billion yuan in 2027, with a compound annual growth rate (CAGR) of approximately 16.44% [6][8] - The gross profit margin is expected to remain stable around 34.73% to 35.26% from 2025 to 2027 [8]

因业务发展及日常资金周转所需，公司全资子公司奥迪威电子（香港）有限 公司（以下简称"香港奥迪威"）拟向招商银行股份有限公司广州分行申请授信额 度不超过人民币 2,000 万元（大写：人民币贰仟万元），授信期限不超过 1 年， 公司在香港奥迪威申请的授信额度范围内提供连带责任担保，本次担保金额为人 民币 2,000 万元，占公司最近一期经审计的净资产的比例为 1.99%。 证券代码：920491 证券简称：奥迪威 公告编号：2025-121 广东奥迪威传感科技股份有限公司 关于为全资子公司向银行申请授信提供担保的进展公告 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、担保情况概述 （一）担保基本情况 （二）是否构成关联交易 本次交易不构成关联交易。 （三）决策与审议程序 2025 年 9 月 29 日，公司召开第四届董事会第十九次会议审议通过《关于为 全资子公司奥迪威电子（香港）有限公司申请银行授信提供担保的议案》，表决 结果为：同意 8 票，反对 0 票，弃权 0 票。具体内容详见公司于 2025 ...