EVA Precision Industrial Holdings Limited EVA Precision Industrial Holdings Limited 億和精密工業控股有限 公 司 EVA Shenzhen (Shiyan) Electronic Industrial Park No.11 Guo Tai Road, Tang Tou Community Shi Yan Town, Bao An District, Shenzhen Guangdong Province, the People's Republic of China 中國廣東省深圳市寶安區石岩街道塘頭社區國泰路11號 億和深圳（石岩）電子產業園 Telephone 電話: 86-755 2762 9999 Facsimile 傳真: 86-755 2762 9181 Postcode 郵編: 518108 EVA Shenzhen (Tianliao) Smart Device Industrial Park Industrial District No. 9, Tian Liao Community, Yu Tang Tow ...

13 Sep 2024 收益汇总 CMB 国际全球市场 | 股票研究 | 公司更新 长荣控股(838 香港) 正在向一级供应商转型 我们认为，基于我们近期与管理层的会面，EVA的汽车零部件业务正处于向一 级供应商转变的轨道上，有望从OEM获得更多订单，从而在2025财年提升收入 。尽管我们在考虑到其谨慎策略以维持GPM的情况下，分别下调了2024财年的 收入和净利润预测3%和9%，但我们认为2025财年的盈利前景更加明确。我们 目前估计其股息收益率为7%。 更多来自长安和恒星的新订单。 重庆工厂的EVA从9月中旬如计划开始向 长安（000625 CH, NR）供应。管理方表示，来自长安的总订单积压已增加至1 0亿港元，预计在25财年对收入的贡献约为130-140百万港元。其武汉工厂还获 得了Stellantis（STLA US, NR）的新订单，并预期EVA墨西哥工厂将收到更多 Stellantis的订单。因此，我们预测汽车零部件收入将在25财年同比增长15%， 达到23.4亿港元。 更谨慎的方法来维持利润率。 我们将FY24E的收入预测下调3%，至63.8亿 港元，主要因为新订单大多从FY25E开始，同时为 ...

13 Sep 2024 CMB International Global Markets | Equity Research | Company Update EVA Holdings (838 HK) On track to tier-1 supplier transformation We believe that EVA's auto parts business is on track to transform into a tier-1 supplier with more orders from OEMs to lift FY25E revenue, based on our recent meeting with management. Although we cut our FY24E revenue and NP by 3% and 9%, respectively, amid its cautious approach to maintain GPM, we see higher earnings visibility in FY25E. We estimate its dividend ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公佈之內容概不負責，對其 準確性或完整性亦不發表任何聲明，並明確表示概不會就本公佈全部或任何部份內容而 產生或因依賴該等內容而引致之任何損失承擔任何責任。 EVA Precision Industrial Holdings Limited （於開曼群島註冊成立之有限公司） （股份代號：838） 截至二零二四年六月三十日止六個月之中期業績 財務業績 億和精密工業控股有限公司（「本公司」）董事會欣然宣佈本公司及其附屬公司（統稱「本集 團」）截至二零二四年六月三十日止六個月之未經審核合併財務業績及比較數字如下： - 1 - 簡明合併中期綜合收益表 截至二零二四年六月三十日止六個月 - 2 - | --- | --- | --- | --- | |--------------------------------------------------------------------------------|-------|---------------------------------------------------------|--------------- ...

CMB 国际全球市场 | 股票研究 | 公司更新 维持买入。根据我们最近与 EVA 管理层的会议 ， 我们认为 EVA 控股公司 （ EVA ） 从二级 零件供应商向一级参与者的转变为未来几年的增长奠定了基础。在我们看来 ， 鉴于 EVA 在 威海的增长和越南的复苏 ， EVA 的办公自动化 （ OA ） 业务可以在 FY24E 维持其稳定的毛 利率。 与新的热成型业务的一级零件供应商合作。我们同意 EVA 的管理层的观点，即 2 级零件 供应商的收入增长潜力可能有限。它的墨西哥业务可能是一个例子。尽管随着 EVA 提高 了佛吉亚的价格，该工厂在下半年实现了运营水平的盈亏平衡 （ 仍有内部交易和税收使 情况变得复杂 ），但佛吉亚仍占墨西哥 FY23 收入的 60 ％ 以上。我们认为，这样的产 品组合可能会限制 EVA 在墨西哥的利润率提升。EVA 在成型方面的专业知识及其作为长 城汽车 （ 2333 HK / 601633 CH，买入 ） 一级供应商的业绩记录使我们对其转型更有信 心。EVA 已获得长安 （ 000625 CH，NR ） 的订单，包括 Avatr 和 Deepal 。该公司还 与许多汽车制造商 ...

Disclosures & Disclaimers Analyst Certification The research analyst who is primary responsible for the content of this research report, in whole or in part, certifies that with respect to the securities or issuer that the analyst covered in this report: (1) all of the views expressed accurately reflect his or her personal views about the subject securities or issuer; and (2) no part of his or her compensation was, is, or will be, directly or indirectly, related to the specific views expressed by that analy ...

Awards and Recognitions - Segway-Ninebot awarded the company "2019 Best Supplier" and "2019 Joint Innovation Award"[3] - Canon awarded the company "First Prize in the 24th Comprehensive Assembly Capability Invitational Competition"[2] - The company was ranked among "2019 Guangdong Top 500 Enterprises", "2019 Guangdong Top 100 Private Enterprises", and "2019 Guangdong Top 100 Manufacturing Enterprises"[32] - Fujifilm awarded the company "Excellent Partner (2020 - 10 Years Consecutive Award)"[30] - The company was ranked among "2021 Guangdong Top 500 Enterprises"[64] - The company was awarded "2021 Most Potential Supplier" by Great Wall Motors Chongqing Branch[46] - The company was recognized as "2021 Guangdong Provincial Intellectual Property Demonstration Enterprise"[54] - The company was awarded "2020 Best Quality Award" by Mitac[63] - The company was ranked among "2020 Shenzhen Top 500 Enterprises"[43] - The company was awarded "2021 Cooperative Supplier Award" by Aisin Foshan Body Parts Co., Ltd.[49] - The company was awarded the "Best Under a Billion" by Forbes (Asia) magazine[168] - The company received the "Excellence in Manufacturing Achievement Award" from the Hong Kong Federation of Innovation Technology and Manufacturing Industries in 2012[182] - The company's Shenzhen Yihao Mold Manufacturing Co., Ltd. and Chongqing Digital Mold Body Mold Co., Ltd. were certified as "National High-Tech Enterprises"[183] Financial Performance - Inventory turnover days increased to 48 days in 2023 from 46 days in 2022 due to overall production decline[87] - Accounts receivable turnover days rose to 107 days in 2023 from 98 days in 2022[87] - Accounts payable turnover days increased to 111 days in 2023 from 108 days in 2022[87] - Cash conversion cycle extended to 44 days in 2023 from 36 days in 2022[87] - Net debt to equity ratio increased to 25.2% in 2023 from 21.0% in 2022[87] - Net profit margin improved to 3.8% in 2023 from 3.3% in 2022[87] - Return on equity increased to 7.9% in 2023 from 7.3% in 2022[87] - The company's net profit margin and return on equity increased due to higher owner's attributable profit[133] - The company's profit attributable to owners for 2023 was HKD 237,095,000, up from HKD 206,017,000 in 2022, primarily due to increased operating profit[200] Business Operations - The company operates two main businesses: office automation equipment and automotive components, with manufacturing bases in China, Southeast Asia, and North America[121] - The office automation equipment business provides design and electronic manufacturing services (D-EMS) for leading brands, offering a one-stop solution from product design to assembly[121] - The automotive components business focuses on platformization, supplying platform and universal parts to global Tier 1 suppliers, OEMs, and automakers[121] - The company has six industrial parks for office automation equipment in Shenzhen, Suzhou, Weihai, and Haiphong, Vietnam[121] - The automotive components business operates in six industrial parks located in Shenzhen, Zhongshan, Chongqing, Sichuan, Wuhan, and San Luis Potosí, Mexico[121] - The company operates as a vertically integrated one-stop precision manufacturing service provider, specializing in precision metal stamping, plastic injection molds, and automated assembly[136] Historical Development - The company was established in 1993, starting with metal stamping mold production and later expanding to metal stamping parts[125] - In 2005, the company was listed on the Main Board of the Hong Kong Stock Exchange[127] - The company expanded its business to plastic mold and parts manufacturing in 2004, establishing its first plastic production line in the Shenzhen (Shiyan) Electronics Industrial Park[127] - The company's Yihao (Guangming) Precision Manufacturing Industrial Park in Shenzhen began operations in Q4 2008[142] - The company acquired Chongqing Digital Mold Body Mold Co., Ltd. in mid-2011 as part of its strategic plan to expand into the automotive market[159] - The company's Shenzhen (Shiyan) Electronic Industrial Park's fourth factory building was completed[160] Market and Economic Outlook - The company expects global economic growth to be 2.9% in 2024, lower than 2023, and will continue to adopt a conservative financial strategy[105] - Global demand weakness and excessive terminal inventory led to a decline in the company's business, but order trends improved in the second half of 2023, with revenue starting to rise from October to December 2023[187] Automotive Business Performance - Shenzhen automotive parts business revenue decreased by 5.6% year-on-year in 2023 due to European inflation[98] - Mexico industrial park revenue grew by 23.8% in 2023, the best-performing region for automotive parts business[103] - The company's automotive parts business achieved stable growth, with China's overall car sales reaching 30.094 million units in 2023, a 12% year-on-year increase, and new energy vehicle sales reaching 9.495 million units, a 37.9% year-on-year increase[193] - The operating profit margin of the company's office automation equipment business increased to 7.9% in 2023, up from 5.6% in 2022, while the automotive parts business maintained an operating profit margin of 5.8%[194] Financial Expenses and Taxes - Unallocated expenses for the year ended December 31, 2023, included corporate expenses of HKD 44,847,000 and share-based payment expenses of HKD 10,454,000[195] - The company's financial income and expenses increased significantly in 2023 due to rising interest rates[196] - Income tax expenses for 2023 included current tax expenses of HKD 50,346,000 from Mainland China, HKD 7,402,000 from Vietnam, and HKD 16,195,000 from Mexico[199]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公佈之內容概不負責，對其 準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公佈全部或任何部份內容 而產生或因倚賴該等內容而引致之任何損失承擔任何責任。 億和精密工業控股有限公司（「本公司」）董事會欣然宣佈本公司及其附屬公司（以下合稱 「本集團」）截至二零二三年十二月三十一日止年度之經審核合併財務業績及比較數字如 下： - 2 - | --- | --- | --- | --- | |---------------------------------------------------|-------|-----------------------|---------------------| | | 附註 | 二零二三年 港幣千元 | 二零二二年 港幣千元 | | 資產 | | | | | 非流動資產 | | | | | 不動產、工廠及設備 | | 2,682,224 | 2,453,708 | | 使用權資產 | | 293,661 | 377,546 | | | | | | | 無形資產 | | 4,055 | 5,847 | | 於聯營公司之投資 ...

1 EVA Precision Industrial Holdings Limited 億 和 精 密 工 業 控 股 有 限 公 司 Incorporated in the Cayman Nands with Imbed lebility/ letel # # # 註 無 成立 之 有限公司 I lStock Code 服铝代號 :855) 图|◎ .............. 808 ell 000 00 00000 >>> 23中期 INTERIM REPORT 報告 The State Comments of 查毅超博士 公司資料 | --- | --- | |-----------------------------------------------------------------|----------------------------------------------| | | | | 執行董事 | 總辦事處 | | 張傑先生 （主席） 張建華先生 （副主席） 張耀華先生 （行政總裁） | 香港九龍科學館道 1 號 康宏廣場南座 6 樓 8 室 | | 張欣怡女士 （於二零二三年七月二十 ...

財務業績 億和精密工業控股有限公司（「本公司」）董事會欣然宣佈本公司及其附屬公司（統稱「本集 團」）截至二零二三年六月三十日止六個月之未經審核合併財務業績及比較數字如下： - 1 - 毛利 545,000 565,048 其他收益 30,063 10,072 其他收益－淨額 28,104 3,110 分銷成本 5 (125,250) (123,925) 一般及行政費用 5 (288,911) (333,117) 扣除所得稅前利潤 144,082 110,238 所得稅費用 7 (21,458) (7,583) 期內總綜合收益 本公司所有者應佔期內總綜合收益 香港交易及結算所有限公司及香港聯合交易所有限公司對本公佈之內容概不負責，對其 準確性或完整性亦不發表任何聲明，並明確表示概不會就本公佈全部或任何部份內容而 產生或因依賴該等內容而引致之任何損失承擔任何責任。 EVA Precision Industrial Holdings Limited （於開曼群島註冊成立之有限公司） （股份代號：838） 截至二零二三年六月三十日止六個月之中期業績 簡明合併中期綜合收益表 截至二零二三年六月三十日止六個月 未經審核 ...