编号：2024-10-001 闻泰科技股份有限公司 2024 年 10 月投资者关系活动记录表 | --- | --- | --- | --- | --- | |--------------------|----------------------------------|--------------------------------------------------------------------|--------------------------|--------------------------------------------------------------------------| | 投资者关系活动类别 | □ 特定对象调研 \n□ 新闻发布会 □ | □ 分析师会议 □ \n路演活动 □ | 媒体采访 \n现场参观 □ | √ 业绩说明会 \n电话会议 | | 参与单位及人员 | 详情请见附件 | | | | | 时间 | 2024 年 10 月 25 | 日 19:30 | | | | 地点 | 线上电话会议 | | | | | 公司接待人员 | 董事会秘书 高雨、 | CF ...

闻泰科技股份有限公司 2024 年第一次临时股东大会 会议材料 （证券代码：600745） 二〇二四年十一月八日 闻泰科技 2024 年第一次临时股东大会会议材料 闻泰科技股份有限公司 2024 年第一次临时股东大会会议材料目录 | 闻泰科技股份有限公司 2024 年第一次临时股东大会会议议程 | 1 | | --- | --- | | 闻泰科技股份有限公司 2024 年第一次临时股东大会会议须知 | 3 | | 会议议案 | 5 | 2、网络投票时间：2024 年 11 月 8 日，采用上海证券交易所网络投票系统， 通过交易系统投票平台的投票时间为股东大会召开当日的交易时间段，即 9:15- 9:25,9:30-11:30,13:00-15:00；通过互联网投票平台的投票时间为股东大会召开当 日的 9:15-15:00。 现场会议地点：上海市徐汇区平福路 188 号 4 号楼 B 座 4 楼闻泰科技股份有限 公司会议室 会议召开方式：现场投票与网络投票相结合 会议主持人：董事长张学政先生（根据会议当天实际情况，有调整的可能） 会议安排： 闻泰科技 2024 年第一次临时股东大会会议材料 闻泰科技股份有限公司 ...

《关于闻泰科技股份有限公司股票交易异常波动的问询函》 的回函 致:闻泰科技股份有限公司 二、在本次股票交易异常波动期间，本公司及一致行动人不存在买卖贵公 司股票的情形。 特此函复。 (本页以下无正文) (本页无正文,《<关于闻泰科技股份有限公司股票交易异常波动的问询函>的 回函》之签署页) 贵公司《关于闻泰科技股份有限公司股票交易异常波动的问询函》已收悉, 现就贵公司问询事项回复如下: 一、截至目前,本公司不存在涉及贵公司的应披露而未披露的重大信息, 包括但不限于重大资产重组、发行股份、重大交易类事项、业务重组、股份回 购、股权激励、破产重整、重大业务合作、引进战略投资者等重大事项。 te 控股股东:闻天下科技集团有限公司 10 月 29 日 ...

闻泰科技股份有限公司 关于股东权益变动的提示性公告 本公司董事会、全体董事及相关股东保证本公告内容不存在任何虚假记载、 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法律责 任。 重要内容提示： 闻泰科技股份有限公司（以下简称"公司"）于 2024 年 10 月 29 日收到公司 持股 5%以上股东无锡国联集成电路投资中心（有限合伙）出具的《权益变动告 知函》，无锡国联集成电路投资中心（有限合伙）股东权益发生变动，本次权益 变动系公司总股本增加导致股东所持股份比例被动稀释、股东通过集中竞价交易 减持公司股份（实施此前披露的股份减持计划，详见公司临 2024-072 号公告）， 权益变动比例合计超过 1%。具体情况如下： | 证券代码：600745 | 证券简称：闻泰科技 | 公告编号：临 | 2024-117 | | --- | --- | --- | --- | | 转债代码：110081 | 转债简称：闻泰转债 | | | 一、本次权益变动基本情况 | 名称： | 无锡国联集成电路投资中心（有限合伙） | | --- | --- | | 住所： | 无锡市新吴区菱湖大道 200 号中国传感 ...

重要内容提示： | 证券代码：600745 | 证券简称：闻泰科技 | 公告编号：临 | 2024-118 | | --- | --- | --- | --- | | 转债代码：110081 | 转债简称：闻泰转债 | | | 闻泰科技股份有限公司 股票交易异常波动公告 本公司董事会、全体董事保证本公告内容不存在任何虚假记载、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法律责任。 闻泰科技股份有限公司（以下简称"公司"）股票于 2024 年 10 月 25 日、 10 月 28 日、10 月 29 日连续 3 个交易日内日收盘价格涨幅偏离值累计超过 20%， 根据《上海证券交易所交易规则》的有关规定，属于股票交易异常波动情形。 经公司自查，并经公司控股股东及实际控制人书面确认，截至本公告披 露日，确认公司不存在应披露而未披露的重大事项或重要信息。 经公司自查，未发现应披露而未披露的重大风险事项。 一、股票交易异常波动的具体情况 公司股票交易于2024年10月25日、10月28日、10月29日连续3个交易日内日 收盘价格涨幅偏离值累计超过20%，根据《上海证券交易所交易规则》的有关规 定，属 ...

实际控制人：张学政 2024 年 10 月 29 日 《关于闻泰科技股份有限公司股票交易异常波动的问询函》 的回函 致：闻泰科技股份有限公司 贵公司《关于闻泰科技股份有限公司股票交易异常波动的问询函》已收悉， 现就贵公司问询事项回复如下： 一、截至目前，不存在涉及贵公司的应披露而未披露的重大信息，包括但 不限于重大资产重组、发行股份、重大交易类事项、业务重组、股份回购、股 权激励、破产重整、重大业务合作、引进战略投资者等重大事项。 二、在本次股票交易异常波动期间，本人及一致行动人不存在买卖贵公司 股票的情形。 特此函复。 （以下无正文） （本页无正文，为《<关于闻泰科技股份有限公司股票交易异常波动的问询函> 的回函》之签章页） 实际控制人： 2024 年 10 月 29 日 ...

Investment Rating - The report maintains a "Buy" rating for the company with a target price adjusted to RMB 41.6, indicating a potential upside of 15% from the current price of RMB 36.2 [2][5]. Core Insights - The company's net profit for the third quarter reached RMB 270 million, marking a turnaround from losses, aligning with management's expectations of improving fundamentals in the product integration and power semiconductor businesses [2]. - The semiconductor business is expected to see a significant recovery, with a revised profit growth forecast of 127% for 2025, driven by better-than-expected performance in the second quarter [2]. - The product integration segment is projected to achieve profitability in the fourth quarter of this year, contributing approximately RMB 130 million to profits by 2025 [2]. Financial Performance Summary - For Q3 2024, the company reported revenue of RMB 19.57 billion, a 29% increase year-on-year, and a 13% increase quarter-on-quarter [7]. - The gross profit margin for Q3 2024 was 11.0%, down from 17.4% in Q3 2023, while the operating profit margin was 3.5% [7]. - The product integration business generated RMB 15.73 billion in revenue, a 46% increase year-on-year, but reported a net loss of RMB 357 million [7]. - The semiconductor segment, specifically Anshi Semiconductor, recorded revenue of RMB 3.83 billion with a gross margin of 40.5% [7]. Earnings Forecast and Valuation - The company’s revenue is projected to grow from RMB 61.21 billion in 2023 to RMB 75.01 billion in 2025, with a compound annual growth rate (CAGR) of approximately 10% [4]. - The net profit is expected to increase significantly from RMB 1.18 billion in 2023 to RMB 2.61 billion in 2025, reflecting a growth rate of 127% [4]. - The target price corresponds to a 2025 price-to-earnings (P/E) ratio of 19.8x, which is below the historical average, suggesting room for upward movement [2][4].

谨慎做出投资决策在会议开始前我们提示各位投资者在助教答边发言结束后将留有提问时间首先请允许我介绍出席本次会议的公司领导有董事会秘书高宇高总CFO曾海诚曾总副CFO张念如张总啊许国进许总下面有请公司领导发言谢谢 好的谢谢各位投资人跟分析师朋友大家晚上好我是高宇欢迎大家在周五的晚上来参加我们的第三季度的一个业绩交流会那我首先代表公司来汇报一下我们整体的一个情况2024年的前三季度公司实现的营业收入是531.61元规模金利润是4.14亿元那经营活动产生的进先金流是35.4亿元 那单看第三个季度公司实现的营业收入是195.7亿元 环比增长是12.85%规模性利润的第三个季度是2.74亿元那这个合并的利润相较于第二季度我们是亏损的300万转为盈利那环比增加的话第三个改善还是比较明显的那因为跟之前也一样我们要跟各位投资人去分板块去介绍一下我们的一个经营情况那第一个板块是我们的半导体业务那第二个板块是我们的产品集成业务那首先我会再介绍一下半导体的一个业务情况 那老体的话呢2027年的第三个季度它实现的营业收入是38.32亿元环比增长是5.86%业务的毛利率呢是40.5%同比呢是提升了2.8个百分点环比呢是提升了是1.8个百 ...

Investment Rating - The report maintains a "BUY" rating for Wingtech with a target price adjusted to RMB52, reflecting a potential upside of 43.8% from the current price of RMB36.17 [1][3]. Core Insights - Wingtech's Q3 2024 revenue reached RMB19.6 billion, marking a record quarterly revenue since 2020, with a year-over-year growth of 28.7% and a quarter-over-quarter growth of 12.9%, surpassing Bloomberg consensus by 16% [1]. - The gross profit margin (GPM) improved to 11% in Q3 2024, up from 9.2% in Q1 and 9.7% in Q2 2024, exceeding the consensus estimate of 10.5% [1]. - Net profit turned positive at RMB274 million in Q3 2024, recovering from a loss of RMB3 million in Q2 2024 [1]. - Both the ODM and semiconductor segments showed sequential growth in sales and GPM, indicating a gradual recovery from the cyclical trough [1]. Financial Summary - Revenue for FY24E is projected at RMB72.3 billion, with an 18.1% year-over-year growth, followed by RMB80.2 billion in FY25E and RMB84.8 billion in FY26E [2][8]. - Gross margin is expected to improve from 10.4% in FY24E to 14.8% in FY26E, while net profit is forecasted to recover from RMB911 million in FY24E to RMB3.8 billion in FY26E [2][8]. - The report revises EPS forecasts for FY25E and FY26E upwards by 22% and 15% respectively, reflecting further margin improvement [1]. Segment Performance - Semiconductor sales in Q3 2024 were RMB3.8 billion, accounting for 20% of total revenue, with a GPM returning to 40% [1]. - ODM sales reached RMB15.7 billion in Q3 2024, up 46% year-over-year and 15% quarter-over-quarter, with a GPM increase to 3.8% [1]. - The smartphone/tablet segment within ODM began to generate profit this quarter, while home appliances have been profitable for two consecutive quarters [1]. Valuation Metrics - The adjusted target price of RMB52 is based on a 25x P/E ratio for 2025E, which is 0.5 standard deviations below the one-year historical forward P/E [1][3]. - The report indicates that the worst has passed for both segments, with a turning point anticipated in the near future [1].

Investment Rating - The report maintains a "Buy" rating for the company and adjusts the target price to RMB 52, based on a P/E ratio of 25 times the estimated earnings for FY2025, which is 0.5 standard deviations below the historical average [1][2]. Core Insights - The company reported a record quarterly revenue of RMB 19.6 billion for Q3 2024, representing a year-on-year growth of 28.7% and a quarter-on-quarter growth of 12.9%, exceeding Bloomberg consensus estimates by 16% [1]. - The gross margin improved to 11%, up from 9.2% and 9.7% in the first and second quarters of 2024, respectively, and net profit turned positive at RMB 274 million after a loss in the previous quarter [1]. - Both the ODM and semiconductor segments showed sequential sales growth, indicating a recovery from cyclical lows [1]. Revenue and Profitability Forecast - Revenue is projected to grow from RMB 61.2 billion in FY2023 to RMB 72.3 billion in FY2024, reflecting an 18.1% year-on-year increase [3]. - The gross margin is expected to decline to 10.4% in FY2024 but is projected to recover to 14.8% by FY2026 [3]. - Net profit is forecasted to decrease to RMB 911 million in FY2024 but is expected to rebound significantly to RMB 2.6 billion in FY2025 [3]. Segment Performance - The ODM segment achieved sales of RMB 15.7 billion in Q3 2024, a 46% year-on-year increase, with smartphones and tablets contributing approximately 50% of the revenue [2]. - The semiconductor sales reached RMB 3.8 billion, accounting for 20% of total revenue, with a gross margin of 40% [1]. - The automotive sector contributed about 60% to semiconductor sales, driven by strong domestic demand [1]. Market Outlook - The report suggests that the worst periods for both business segments are over, indicating an impending turning point [1]. - Seasonal factors are expected to lead to a slight decline in semiconductor sales in Q4 2024, with a stable gross margin forecasted at 40.5% [1].