FF301 股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年7月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 深圳市元征科技股份有限公司 呈交日期: 2025年8月4日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | H | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 02488 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 162,228,100 | RMB | | 1 | RMB | | 162,228,100 | | 增加 / 減少 (-) | | | | | | | RMB | | | | 本月底結存 | | | 162,228,100 | RMB | | 1 | RMB | | 162,228,100 | | 2. 股份分類 | ...

Group 1 - Shenzhen Yuan Zheng Technology Co., Ltd. has applied for a patent titled "Event-Driven Vehicle Data Communication Method and Related Device" with publication number CN120416279A, filed on April 2025 [1] - The patent describes a method that includes obtaining first monitoring data from a target vehicle's first ECU within a preset time period, determining if the data meets a trigger condition, and generating event information based on this data [1] - The method aims to reduce bus load by triggering event information for ECU data communication, allowing multiple ECUs to respond to the event information [1] Group 2 - Shenzhen Yuan Zheng Technology Co., Ltd. was established in 1993 and is primarily engaged in software and information technology services, with a registered capital of 415.7881 million RMB [2] - The company has invested in 21 enterprises, participated in 140 bidding projects, and holds 2993 patent records along with 221 trademark records [2] - Additionally, the company possesses 15 administrative licenses [2]

Group 1 - Shenzhen Yuanzheng Technology Co., Ltd. has applied for a patent titled "A Vehicle Diagnostic Data Transmission Method, Device, Equipment, and Medium Based on Diagnostic Log Strategy" with publication number CN120318935A, filed on April 2025 [1] - The patent describes a method that involves monitoring target diagnostic equipment, obtaining diagnostic log files generated during fault diagnosis, and transmitting new diagnostic log files to the target client for quick response to anomalies, thereby improving diagnostic efficiency [1] Group 2 - Shenzhen Yuanzheng Technology Co., Ltd. was established in 1993 and is primarily engaged in software and information technology services, with a registered capital of 415.7881 million RMB [2] - The company has invested in 21 enterprises, participated in 135 bidding projects, and holds 220 trademark records and 2977 patent records, along with 15 administrative licenses [2]

Summary of Key Points Core Viewpoint - As of July 14, a total of 138 stocks reached their 52-week highs, indicating a strong performance in the market, with notable leaders including Green Heart Group Holdings, OK Blockchain, and Pearl River Steel Pipe [1]. Group 1: Top Performers - Green Heart Group Holdings (02999) achieved a closing price of 0.013 with a peak of 0.017, marking a 70.00% increase [1]. - OK Blockchain (01499) closed at 0.680, reaching a high of 0.690, reflecting a 48.39% rise [1]. - Pearl River Steel Pipe (01938) had a closing price of 0.335 and a peak of 0.340, resulting in a 33.33% increase [1]. Group 2: Other Notable Stocks - Weishi Jiajie (00856) saw a 32.01% increase, closing at 8.870 with a high of 11.300 [1]. - Cloud Intelligence (09678) reached a high of 520.000, closing at 510.000, which is a 20.99% increase [1]. - China Chengtong Development Group (00217) closed at 0.165 with a peak of 0.166, marking a 14.48% rise [1]. Group 3: Additional Stocks with Significant Increases - Sihuan Pharmaceutical (00460) closed at 1.380, reaching a high of 1.430, which is a 14.40% increase [1]. - Taited Pharmaceutical (03880) had a closing price of 36.950 and a peak of 37.400, reflecting a 13.85% rise [1]. - Beihai Kangcheng-B (01228) closed at 0.850 with a high of 0.960, resulting in a 12.94% increase [1].

5月22日，汽车诊断服务商元征科技（02488）在深圳总部举办投资者开放日活动。公司管理层及多位核 心业务负责人围绕公司战略布局、核心业务进展、财务表现、技术成果及未来规划等议题展开深度交 流，并展示了多款创新产品。 本次开放日活动吸引了近百名机构投资者参与，现场座无虚席。开放日上，投资者参观了元征科技展 厅，亲身体验 X-939 汽车智能驾驶校准&四轮定位机器人、X-613无线3D四轮定位仪、EVMIX-240模组 均衡充放电扩展工作站等创新产品的实操演示。随着智能化和新能源的浪潮推进，元征科技有望在全球 化与技术创新双轮驱动下，开启新一轮增长周期。 三十年深耕汽车后市场，全球化布局成效显著 智通财经APP了解到，元征科技成立于1992年，是一家专注于汽车诊断设备及解决方案的全球领先企 业。公司管理层在与投资者交流中强调："30多年来，我们始终聚焦汽车诊断与维修行业的技术创新， 业务覆盖全球230多个国家和地区，客户涵盖修理厂、修理工、整车厂、车主及汽修学校、保险公司、 二手车商等汽车业各环节。"截至2024年，元征科技在全球有约1000名员工，人均产值达180万元，并在 西安、南京等地持有物业资产，营业收 ...

Summary of Yuan Zheng Technology Conference Call Company Overview - **Company**: Yuan Zheng Technology - **Year**: 2024 - **Main Revenue**: 1.82 billion RMB, up 21% from 1.5 billion RMB in the previous year [3] - **Net Profit**: 340 million RMB, doubled from 170 million RMB in the previous year [3] - **Device Shipment**: 300,000 units, a 50% increase from 200,000 units in the previous year [3] Key Financial Highlights - **Revenue Composition**: - Equipment Sales: 1.34 billion RMB (73% of total revenue), with a gross margin of 50% [5] - Software Revenue: 170 million RMB received, expected to exceed 200 million RMB in 2025 [5] - Data and Service Revenue: 24 million RMB [5] - **International Market Contribution**: 72% of total revenue from overseas, with the US accounting for 40% and growing by 35% [6] - **Profitability Goals for 2025**: Targeting over 500 million RMB in profit, with a 25% increase in per capita income [12] Strategic Initiatives - **Future Strategy**: - Stabilize equipment sales and expand into new energy devices and robotics [9] - Transition towards becoming a software company with increased focus on AI applications [10] - Maintain high dividend payout (approximately 80% in 2024) and stock buybacks [10] - **Response to Tariff Challenges**: - Establishing a large warehouse in the US and adjusting product pricing [7] - Implementing a dual-track sales system to mitigate tariff impacts [19] - Exploring assembly plants in Mexico or Canada [19] Data Asset Utilization - **Data Connectivity**: Over 370 million vehicles connected, with 3.3 million active devices weekly [8] - **Diagnostic Reports**: 1.7 billion cumulative reports generated, enhancing value-added services [8] Market Performance and Competition - **Global Market Position**: Strong presence in domestic markets, with significant growth in North America and Europe [31] - **Competitive Strategy**: Focus on product functionality and technological innovation rather than price competition [32] Software and Data Business Growth - **Projected Growth**: Software and data revenue expected to double to 50 million RMB in 2025 [26] - **Revenue Logic**: Software income driven by device sales and active usage, with significant overseas demand [29] Future Outlook - **Management Confidence**: Positive outlook for future financial performance despite market challenges [40] - **Long-term Strategy**: Continued focus on dividends and stock buybacks to enhance shareholder value [40]

智通财经APP获悉，元征科技(02488)就美国关税政策对公司影响及应对措施发表说明称，公司产品中， 软件产品、远程诊断和数据服务不受此次美国关税调整影响，部分硬件设备销往美国市场。整体而言， 此次美国关税调整对公司影响非常有限。公司通过提前增加美国本土备货库存、运用智能算法和AI技 术精准定价、在低关税区域寻找优质代工厂合作等措施使得影响降至最低，保障公司稳健运营与持续发 展。 01 关税政策对公司的影响 公司产品涵盖汽车诊断和汽车维修硬件设备、软件产品、远程诊断和数据服务等，均为汽车后市场必需 品，受经济周期波动影响小。其中，软件产品、远程诊断和数据服务不受此次美国关税调整影响，部分 硬件设备销往美国市场。整体而言，此次美国关税调整对公司影响非常有限。 02 公司已采取及拟采取的应对措施 前瞻性备货，保障供应 自2024年中，公司便察觉潜在贸易风险，逐步增加美国本土备货库存。当前，美国备货库存产品可满足 未来6个月销售需求，确保政策波动期美国市场供货稳定。 善用智能算法和AI技术，合理调价 本次关税政策使行业整体面临产品价格上升压力，公司将适时合理调整产品在美销售价格，经前期沟 通，多数客户对此表示理解。 ...

Financial Performance - The company's main business revenue for the year was approximately RMB 1.825 billion, representing a year-on-year growth of 21%[12]. - The consolidated net profit attributable to shareholders was approximately RMB 340 million, a year-on-year increase of 101%, with a net profit margin of 18%, up 7 percentage points year-on-year[12]. - The overseas business revenue reached approximately RMB 1.3 billion, accounting for 70% of total revenue, marking a historical high for the year[12]. - The company reported a distributable profit of approximately RMB 313 million for the year[103]. - The company achieved a total profit of RMB 348,914,976.37 in 2024, up from RMB 172,843,709.95 in 2023, reflecting a growth of 102.0%[152]. - Total comprehensive income for 2024 was RMB 355,371,874.67, compared to RMB 176,765,485.87 in 2023, indicating a growth of 100.9%[152]. - Operating revenue for 2024 reached RMB 1,882,044,159.72, an increase of 17.7% compared to RMB 1,598,352,611.56 in 2023[152]. - Net profit for 2024 was RMB 341,261,800.91, representing a 102.1% increase from RMB 168,902,636.05 in 2023[152]. - Basic earnings per share for 2024 were RMB 0.8165, up from RMB 0.3932 in 2023, reflecting a growth of 108.0%[152]. Research and Development - The company received 108 authorized invention patents during the year, with R&D personnel accounting for about 50% of total employees[18]. - The company is investing in fixed assets and R&D, with expenditures of RMB 75 million and RMB 72 million respectively[24]. - Research and development expenses increased to RMB 201,483,668.44 in 2024, up from RMB 172,741,911.72 in 2023, marking a rise of 16.6%[152]. Corporate Governance - The board consists of eight members, including three executive directors, one non-executive director, and three independent non-executive directors as of December 31, 2024[38]. - The board held a total of 19 meetings during the year, with all executive directors attending every meeting[40]. - The company emphasizes high standards of corporate governance and regularly reviews its governance and internal control practices[37]. - The board is responsible for setting the company's overall strategy and monitoring business performance to enhance shareholder value[39]. - The company has adopted a set of guidelines for directors' securities trading, ensuring compliance with the standards set forth in the listing rules[51]. - The board is committed to maintaining high corporate governance standards and regularly reviews compliance with the stock exchange's governance code[71]. Environmental and Social Responsibility - The group actively promotes environmental protection through various waste management initiatives, including recycling programs for paper, glass, and metals[74]. - The group aims to enhance operational efficiency to reduce resource usage and has implemented energy-saving measures, such as automatic air conditioning shutdowns[76]. - The group has formed an ESG task force to assess and report on environmental, social, and governance issues relevant to its operations[73]. - The company allocated approximately RMB 10 million annually for community investment activities, including employee education and health checks[100]. - The company donated RMB 100,000 and 2,046 tablets to support education in impoverished areas in 2024[99]. Employee Development - The total number of employees increased by approximately 6% to 1,070, with 726 males and 344 females as of December 31, 2024[78]. - In 2024, the total number of employees trained increased to 1,070 from 952 in 2023, representing a growth of approximately 12.4%[84]. - The average training hours per employee rose to 43 hours in 2024, compared to 41 hours in 2023, indicating a 4.9% increase[84]. - Male employees completed 33,512 training hours in 2024, up from 28,524 hours in 2023, reflecting a 17.4% increase[84]. - Female employees completed 12,093 training hours in 2024, an increase from 10,915 hours in 2023, which is a 10.8% rise[84]. Financial Position - The company's total liabilities were RMB 753 million, with shareholders' equity at RMB 1,244 million, resulting in a leverage ratio of 0.61, an improvement from 0.73 in 2023[25]. - Current assets totaled RMB 1,226,893,930.88 in 2024, a slight increase from RMB 1,205,569,943.48 in 2023, reflecting a growth of approximately 1.5%[146]. - Total liabilities decreased to RMB 752,844,454.64 in 2024 from RMB 780,379,562.99 in 2023, a reduction of approximately 3.5%[147]. - Shareholders' equity rose to RMB 1,243,827,217.43 in 2024, up from RMB 1,074,839,286.69 in 2023, indicating an increase of around 15.7%[147]. - The total assets reached RMB 1,996,671,672.07 in 2024, up from RMB 1,855,218,849.68 in 2023, reflecting an increase of approximately 7.6%[147]. Strategic Initiatives - The company aims to transition from a manufacturing enterprise to an intelligent enterprise, leveraging AI technology in the automotive sector[19]. - The company plans to enhance its intelligent diagnostic services, aiming for full voice control of diagnostic hardware and further development of its online diagnostic service platform[20]. - The company aims to enhance overseas business scale and significantly increase the volume of super remote diagnostic transactions, focusing on the development of Yuan Zheng AI and improving revenue from hardware, software, services, and data[22]. - The company is actively working on market expansion and strategic alliances to boost its global presence[22]. Supplier Management - The number of suppliers is approximately 240, with over 95% sourced domestically, enhancing supply chain stability and reducing logistics costs[88]. - The company has implemented a rigorous supplier qualification assessment process, ensuring compliance with environmental and labor regulations[85]. - Regular audits and assessments are conducted to monitor supplier performance and compliance with environmental standards[86]. - The company emphasizes the importance of environmental and social responsibility in supplier selection, promoting the use of eco-friendly products[90]. Audit and Compliance - The independent auditor, Da Hua CPA, has audited the financial statements for the years 2023 and 2024[127]. - Revenue recognition is identified as a key audit matter due to inherent risks of management manipulating revenue to meet specific targets[135]. - The audit procedures for revenue recognition included testing key internal controls, analytical review procedures, and verification of contracts with customers[137]. - The company’s management is responsible for preparing financial statements in accordance with accounting standards and maintaining necessary internal controls[140].

Summary of Yuan Zheng Technology Conference Call Company Overview - **Company**: Yuan Zheng Technology - **Year**: 2024 - **Total Revenue**: 1.8 billion RMB, up 21% from 1.5 billion RMB in 2023 [3][4] - **Net Profit**: 340 million RMB, nearly doubling from 170 million RMB in 2023 [3][4] Key Financial Performance - **Revenue Breakdown**: - **First Half**: 880 million RMB - **Second Half**: 950 million RMB, 8% increase quarter-over-quarter [3] - **Profit Growth**: - First Half: 150 million RMB - Second Half: 190 million RMB, 23% increase quarter-over-quarter [3] Product Performance - **Diagnostic Equipment**: - Total units shipped: 300,000, a 50% increase from 200,000 units in 2023 [5] - Overseas shipments: 90,000 units, up 53% [5] - E-commerce channel growth: 90% [5] - **CVD Equipment**: Shipments decreased by 10% [5] - **Tire Pressure Monitoring Devices**: Total shipments reached 680,000 units, a 50% increase from 450,000 units [6] Revenue Composition - **Hardware Sales**: 1.34 billion RMB, up 27%, with a gross margin of 50% [4][7] - **Software Revenue**: 170 million RMB, up 32% [4][7] - **Data Services Revenue**: 11 million RMB, nearly 100% gross margin [4][7] Regional Performance - **Overall Regional Revenue**: 1.05 billion RMB, up 24% [10] - **North America**: Fastest growth at 35% [10] - **Domestic Market**: 13% growth, accounting for 28% of total sales [10] Strategic Initiatives - **High Dividend Policy**: 280 million RMB in dividends for 2024, 80% payout ratio [4][13] - **Remote Diagnosis Business**: 1.4 million transactions, total transaction value close to 950 million RMB [4][22] - **Future Growth Areas**: Focus on software and data services, with expectations for significant growth in 2025 [8][12] Market Outlook - **Remote Diagnosis Market Potential**: Current annual revenue of 1 billion RMB, projected to reach over 50 billion RMB [24] - **Software and Data Services**: Expected to be key growth drivers, with software revenue projected to increase significantly [19][47] Challenges and Considerations - **CVD Equipment Decline**: Shift towards high-end equipment impacting lower-end sales [5] - **Market Competition**: Continuous R&D and partnerships with major automotive manufacturers are crucial for maintaining competitive advantage [31] Future Development Focus - **Product Innovation**: Introduction of new products in the electric vehicle sector and enhancements in software capabilities [18][38] - **Sales Strategy**: Emphasis on maintaining hardware margins while expanding software and data service revenues [46][47] Conclusion Yuan Zheng Technology has demonstrated strong financial performance in 2024, with significant growth in both revenue and net profit. The company is strategically positioned to capitalize on emerging opportunities in software and data services, while also maintaining a robust hardware sales foundation. The focus on innovation and market expansion will be critical for sustaining growth in the competitive automotive diagnostics industry.

Financial Performance - Revenue for the year reached RMB 1.882 billion, an increase from RMB 1.598 billion in the previous year, representing a growth of approximately 17.7%[6] - Net profit for the year was RMB 341.3 million, up from RMB 168.9 million, indicating a year-over-year increase of about 102.1%[6] - Earnings per share (EPS) increased to RMB 0.8165 from RMB 0.3932, reflecting a growth of approximately 108.0%[6] - The company's main business revenue for the current year is ¥1,824,507,041.15, an increase of 20.6% compared to ¥1,513,039,475.79 from the previous year[24] - The net profit attributable to shareholders was approximately RMB 339.51 million, a significant increase of 101% compared to the previous year[34] - The net profit margin improved to 18%, an increase of 7 percentage points year-on-year[48] - The company's net profit for 2024 is projected to be RMB 341 million, an increase of RMB 172 million from RMB 169 million in 2023, primarily driven by a gross profit increase of RMB 209 million[58] Dividends and Shareholder Returns - The company declared a final dividend of RMB 0.45 per share[3] - The board proposed a final dividend of RMB 0.45 per share based on the company's performance this year[49] Cash Flow and Assets - Cash flow from operating activities generated a net amount of RMB 391.4 million, compared to RMB 163.6 million in the previous year[7] - The company reported a significant increase in cash and cash equivalents, ending the year with RMB 540.1 million compared to RMB 610.7 million at the beginning of the year[7] - The total cash outflow for the year was RMB 71 million, with cash and cash equivalents at the end of the period amounting to RMB 540 million[59] - Total assets increased to RMB 1.997 billion from RMB 1.855 billion, marking a growth of about 7.6%[4] - Total liabilities decreased to RMB 752.8 million from RMB 780.4 million, a reduction of approximately 3.5%[5] Research and Development - Research and development expenses rose to RMB 201.5 million, up from RMB 172.7 million, indicating an increase of about 16.5%[6] - The company received 108 authorized invention patents in the year, with R&D personnel accounting for approximately 50% of the total workforce[55] - The company has increased R&D expenses by RMB 29 million, reflecting a commitment to innovation despite rising sales expenses[58] Business Strategy and Growth - The company plans to continue expanding its market presence and investing in new technologies and products to drive future growth[3] - The company achieved overseas business revenue of approximately RMB 1.3 billion, accounting for 70% of total revenue, marking a historical high[48] - The company aims to enhance overseas business scale and significantly increase revenue from hardware, software, services, and data[57] - The company has initiated three major strategies: ADS, AAS, and EVS, achieving positive results in the current year[53] - The company plans to integrate AI technology into the automotive industry, transitioning from a manufacturing enterprise to an intelligent enterprise[56] Customer and Market Insights - The company reported a customer purchase amount of approximately RMB 170 million for software, setting a new record[48] - The company connected over 370 million vehicles globally through automotive diagnostic equipment, with over 3.3 million active terminals generating an average of one million diagnostic reports daily[51] - The top five customers contributed approximately RMB 556 million in revenue, accounting for about 30% of total revenue, up from 23% in 2023[61] Inventory and Receivables - The total accounts receivable at the end of the period is ¥338,104,292.27, an increase of 33.4% from ¥253,486,065.93 at the beginning of the period[26] - Inventory at the end of the period is ¥239,654,937.55, an increase of 5.8% from ¥227,819,392.82 at the beginning of the period[30] - The total accounts payable at the end of the period is ¥201,536,543.97, an increase of 23.0% from ¥163,898,887.83 at the beginning of the period[31] - The company has provided a bad debt reserve of ¥30,685,482.54, which is an increase from ¥25,549,487.67 in the previous period[26] Accounting and Compliance - The company will implement new accounting standards starting January 1, 2024, which are expected to have no significant impact on the financial statements for the current reporting period[20] - The company has assessed its ability to continue as a going concern and found no significant doubts regarding its ongoing viability[1] - The company has maintained consistent accounting policies across all subsidiaries included in the consolidated financial statements[15] - The company has provided credit terms ranging from 30 to 210 days to its customers based on their credit history and relationship[25] Cost Management - The company reduced the ratio of main business costs to revenue by 4% and lowered the proportion of four expenses (management, R&D, sales, and financial expenses) to main business revenue by 3%[48] - The leverage ratio improved to 0.61 in 2024 from 0.73 in 2023, indicating a better capital structure[60] Subsidiaries and Acquisitions - The company has added 7 subsidiaries through acquisitions and investments during the reporting period[62]