上海证券交易所股票代码 601231 可持续发展 报告书 20 24 可持续发展报告书 封面故事 踏步未来，绿意同行 环旭电子永续未来，足迹象征迈出的每一步皆引领未来的方向，推动生物 多样性、可持续能源及生态共存等价值，践行环境友善与包容发展。 融合山脉等高线与森林绿意，展现人与环境和谐共存的愿景，将企业责任 深植于每一处自然与人文中。 | 目录 | | | --- | --- | | 关于本报告书 | 4 | | 关于环旭电子 | 5 | | 董事长与总经理的话 | 7 | | 可持续榮耀与肯定 | 9 | | 可持续管理 � | 11 | | 1.1 实践联合国可持续发展目标 | 12 | | 1.2 永续委员会组织 | 13 | | 1.3 可持续发展政策 | 15 | | 1.4 可持续发展策略 | 16 | | � | 营运与治理 | 29 | � | | --- | --- | --- | --- | | 2.1 | 董事会运作 | 31 | | | 2.2 | 商业道德与法规遵循 | 34 | | | 2.3 | 财务绩效与税务治理 | 35 | | | 2.4 | 企业风险管理 | 36 | ...

环旭电子股份有限公司 会计师事务所 2024 年度履职情况评估报告 及审计委员会对会计师事务所履行监督职责情况报告 根据《中华人民共和国公司法》《中华人民共和国证券法》《国有企业、 上市公司选聘会计师事务所管理办法》和《上海证券交易所上市公司自律监管 指引第 1 号——规范运作》等相关规范性文件的规定，以及环旭电子股份有限 公司（以下简称"公司"）《董事会审计委员会工作细则》《会计师事务所选 聘制度》的有关规定，现将公司 2024 年度会计师事务所的履职情况及审计委员 会履行监督职责情况汇报如下： 一、资质条件 德勤华永的前身是 1993 年 2 月成立的沪江德勤会计师事务所有限公司，于 2002 年更名为德勤华永会计师事务所有限公司，于 2012 年 9 月经财政部等部门 批准转制成为特殊普通合伙企业。德勤华永注册地址为上海市黄浦区延安东路 222 号 30 楼。 德勤华永持有财政部批准的会计师事务所执业证书，并经财政部、中国证 监会批准，获准从事 H 股企业审计业务。德勤华永已根据财政部和中国证监会 《会计师事务所从事证券服务业务备案管理办法》等相关文件的规定进行了从 事证券服务业务备案。德勤华永过去二十 ...

| 证券代码：601231 | 证券简称：环旭电子 公告编号：2025-021 | | --- | --- | | 转债代码：113045 | 转债简称：环旭转债 | 环旭电子股份有限公司 2024 年度募集资金存放与使用情况专项报告 本公司董事会及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。 根据《上市公司监管指引第 2 号—上市公司募集资金管理和使用的监管要 求》《上海证券交易所股票上市规则》《上海证券交易所上市公司自律监管指引第 1 号——规范运作》等相关规定，环旭电子股份有限公司（以下简称"公司"或"本 公司"）对截至 2024 年 12 月 31 日的募集资金存放及实际使用情况进行专项报 告，具体内容如下： 一、募集资金基本情况 （一）实际募集资金金额和资金到位情况 经中国证券监督管理委员会《关于核准环旭电子股份有限公司公开发行可转 换公司债券的批复》（证监许可[2021]167号）核准，公司向社会公开发行 34,500,000张（3,450,000手）可转换公司债券，每张面值为人民币100元，共募集 资金人民币3,450,00 ...

证券代码：601231 证券简称：环旭电子 公告编号：2025-030 环旭电子股份有限公司 关于召开 2024 年年度股东大会的通知 本公司董事会及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。 重要内容提示： 一、 召开会议的基本情况 (一) 股东大会类型和届次 2024 年年度股东大会 召开的日期时间：2025 年 4 月 22 日 13 点 30 分 召开地点：日月光集团总部 1 楼会议室（上海市浦东新区盛夏路 169 号 B 栋 1 楼） 股东大会召开日期：2025年4月22日 本次股东大会采用的网络投票系统：上海证券交易所股东大会网络投票 系统 (二) 股东大会召集人：董事会 (三) 投票方式：本次股东大会所采用的表决方式是现场投票和网络投票相结 合的方式 (四) 现场会议召开的日期、时间和地点 (五) 网络投票的系统、起止日期和投票时间。 本次股东大会审议议案及投票股东类型 | 序号 | 议案名称 | 投票股东类型 | | --- | --- | --- | | | | 股股东 A | | 非累积投票议案 | | | | 1 ...

| 证券代码:601231 | | --- | | 转债代码: 113045 | 证券代码：601231 证券简称：环旭电子 公告编号：2025-019 转债代码：113045 转债简称：环旭转债 （一）环旭电子股份有限公司（以下简称"公司"）第六届监事会第十二次会议的 召开符合《公司法》《公司章程》和《监事会议事规则》的有关规定，会议合法有效。 （二）会议通知和材料于 2025 年 3 月 18 日以邮件方式发出。 （三）会议于 2025 年 3 月 28 日以现场会议（含视频参会）的方式召开。 （四）公司监事会会议应出席监事 3 人，实际出席监事 3 人。 环旭电子股份有限公司 第六届监事会第十二次会议决议公告 本公司监事会及全体监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。 一、监事会会议召开情况 （五）本次会议由监事会主席石孟国先生主持召开，董事会秘书史金鹏先生、财 务长 Xinyu Wu（吴新宇）先生列席会议。 二、监事会会议审议情况 （一）审议通过关于《2024 年度监事会工作报告》的议案 表决结果：同意 3 票，反对 0 票，弃权 ...

| 证券代码：601231 | 证券简称：环旭电子 | 公告编号：2025-018 | | --- | --- | --- | | 转债代码：113045 | 转债简称：环旭转债 | | 环旭电子股份有限公司 第六届董事会第十七次会议决议公告 本公司董事会及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。 一、董事会会议召开情况 （一）环旭电子股份有限公司（以下简称"公司"）第六届董事会第十七次会议的 召开符合《公司法》《公司章程》和《董事会议事规则》的有关规定，会议合法有效。 （二）会议通知和材料于 2025 年 3 月 18 日以邮件方式发出。 （三）会议于 2025 年 3 月 28 日以现场会议（含视频参会）的方式召开。 （四）公司董事会会议应出席董事 10 人，实际出席董事 10 人，其中独立董事黄 江东先生因重要工作时间冲突未现场出席，书面委托独立董事仓勇涛先生代为表决。 （五）本次会议由董事长陈昌益先生主持召开，全体监事、董事会秘书史金鹏先 生、财务长 Xinyu Wu（吴新宇）先生列席会议。 二、董事会会议审议情况 （一）审议 ...

| 证券代码：601231 | 证券简称：环旭电子 公告编号：2024-020 | | --- | --- | | 转债代码：113045 | 转债简称：环旭转债 | 环旭电子股份有限公司 关于 2024 年度利润分配预案的公告 本公司董事会及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。 重要内容提示： 一、利润分配预案内容 （一）利润分配方案的具体内容 经德勤华永会计师事务所（特殊普通合伙）审计，环旭电子股份有限公司（以 下简称"公司"）2024 年度实现归属于母公司所有者的净利润为人民币 1,652,482,815.41 元；截至 2024 年 12 月 31 日，公司母公司报表中期末未分配利 润为人民币 3,801,285,913.02 元。 经董事会决议，公司拟以实施权益分派股权登记日登记的总股本扣减公司回 购专用账户的股数为基数进行 2024 年度利润分配。本次利润分配方案如下： 公司未触及《股票上市规则》第 9.8.1 条第一款第(八)项规定的可能被实施其他风险警示的情形。 二、公司履行的决策程序 （一）董事会会议的召开、审议 ...

Dividend and Shareholder Matters - The company plans to distribute a cash dividend of 2.30 CNY per 10 shares (including tax), with no stock bonus or capital increase, pending shareholder approval[5]. - The company’s total share capital and the number of shares in the repurchase account will be adjusted accordingly if there are changes before the dividend distribution date[5]. - The company has implemented three stock option incentive plans since 2019, granting a total of 59.45 million stock options, with 21.33 million shares exercised by employees[98]. - Cumulative net profit since listing reached CNY 17.41 billion, with total cash dividends of CNY 5.88 billion, resulting in an average cash payout ratio of 33.81%[98]. - The company plans to hold its annual shareholder meeting on April 23, 2024, to discuss various proposals including the annual financial report and profit distribution plan[192]. Financial Performance - The company's operating revenue for 2024 was CNY 60.69 billion, a decrease of 0.17% compared to CNY 60.79 billion in 2023[21]. - The net profit attributable to shareholders for 2024 was CNY 1.65 billion, down 15.16% from CNY 1.95 billion in 2023[21]. - The net cash flow from operating activities decreased by 38.30% to CNY 4.21 billion in 2024 from CNY 6.82 billion in 2023[21]. - Basic earnings per share for 2024 were CNY 0.76, a decline of 14.61% compared to CNY 0.89 in 2023[22]. - The total assets at the end of 2024 were CNY 39.99 billion, an increase of 1.51% from CNY 39.40 billion at the end of 2023[21]. - The company reported a weighted average return on equity of 9.52% for 2024, down 2.50 percentage points from 12.02% in 2023[22]. - The total net profit after deducting non-recurring gains and losses for 2024 was CNY 1.45 billion, a decrease of 18.46% from CNY 1.78 billion in 2023[21]. - The company reported a total of CNY 201.74 million in non-recurring gains for 2024, compared to CNY 168.77 million in 2023[25]. - Operating profit for 2024 was CNY 1.87 billion, down 14.01% from CNY 2.18 billion in 2023; net profit attributable to shareholders decreased by 15.16% to CNY 1.65 billion[100]. Audit and Compliance - The company has received a standard unqualified audit report from Deloitte Huayong Accounting Firm[3]. - The company’s financial report is guaranteed to be true, accurate, and complete by its responsible persons[3]. - The company has not violated decision-making procedures for external guarantees[7]. - There are no non-operating fund occupations by controlling shareholders or related parties[7]. - The company has no instances of more than half of the directors unable to ensure the authenticity of the annual report[8]. Market and Industry Trends - The global electronic manufacturing services industry is projected to reach approximately $633.2 billion in 2024, with the top ten companies accounting for over 70% of total revenue[45]. - The industry is currently in a destocking phase, with inventory levels gradually returning to reasonable ranges, and a moderate inflation outlook expected to positively impact demand in 2025[45]. - The demand for AI-driven solutions is surging, leading to increased requirements for GPU and AI servers, as well as data transmission and exchange hardware[51]. - The global economy is expected to experience moderate growth in 2025, providing some support for industrial product demand, although growth may be slow and regionally varied[52]. - The market share of electric vehicles (BEVs) and hybrid electric vehicles (HEVs) is anticipated to expand further, driven by carbon emission regulations and subsidy policies in Europe and the U.S.[54]. Company Strategy and Development - The company completed the construction of new factories in Mexico and Poland to address global supply chain restructuring and local manufacturing demands[30]. - The company launched the SiP dual-engine technology platform, enhancing its capabilities in miniaturization solutions[39]. - The company is focused on providing value-added design and manufacturing services, aiming to transition from a manufacturing service provider to a comprehensive solution provider[60]. - The company is committed to a "modular, diversified, and globalized" development strategy to improve vertical integration and smart manufacturing capabilities[165]. - The company aims to expand its market share in the core SiP module business and promote new product development in smart wearables and smart home applications[166]. Research and Development - The company has invested approximately 20.34 billion, 18.07 billion, and 19.08 billion in R&D from 2022 to 2024, with a team of 2,930 and a total of 754 approved patents[94]. - The company is focusing on R&D for new technologies, including 5G IoT platforms and electric vehicle inverter power modules, to enhance product competitiveness[171]. - The company is investing $50 million in R&D for new technologies aimed at enhancing product efficiency[199]. Sustainability and Governance - The company was recognized in the top 5% of the S&P Global Sustainability Yearbook for its ESG performance in the electronic equipment sector[40]. - The company aims to achieve net-zero carbon emissions by 2040 as part of its sustainability initiatives, with a focus on climate-related financial disclosures[174]. - The company is focused on sustainable business practices, enhancing resilience to adapt to dynamic changes in the business environment[95]. - The company emphasizes the importance of digital transformation and smart manufacturing to enhance product competitiveness and cost efficiency[183]. - The company maintains a transparent governance structure, ensuring independent operation of its board and committees[188]. Risks and Challenges - The company is facing challenges from global economic uncertainties, rising material costs, and stricter environmental regulations, which may impact profitability[155]. - The company faces risks from macroeconomic factors, including geopolitical tensions and inflation, which may impact global economic growth and end-user demand[175]. - The company is exposed to foreign exchange risks due to most transactions being conducted in foreign currencies, despite utilizing hedging strategies[181]. - The company has established a risk management committee to identify and assess internal and external risk factors affecting sustainable operations[182]. Operational Efficiency - The company is focusing on enhancing operational efficiency through automation and smart manufacturing technologies to mitigate rising costs and improve profit margins[155]. - The company is actively managing inventory turnover days and implementing strategies to reduce in-transit inventory[167]. - The company plans to enhance supply chain resilience by increasing local supply ratios and developing regional suppliers to reduce transportation time and costs[167].

Investment Rating - The investment rating for the company is "Buy" [1] Core Views - The company is a global leader in electronic design and manufacturing, particularly in the SiP module sector, with a strong global presence and diversified product offerings [4][15] - The company has experienced a slowdown in revenue growth due to declining market conditions in communication and consumer electronics, but cloud and automotive electronics are expected to contribute to new growth momentum [4][32] - The SiP technology has high extensibility, with continuous downstream application expansion providing significant growth opportunities [5][7] Summary by Sections Company Overview - The company was established in 1976 and officially listed on the Shanghai A-share main board in 2012, with a global footprint across Asia, Europe, America, and Africa [4][15] - It provides a wide range of electronic products, including communication, cloud and storage, consumer electronics, industrial, medical, and automotive electronics [15][18] SiP Technology and Market Position - The company is recognized as a leader in miniaturization technology, with the highest cumulative shipment of SiP modules globally [5][58] - The SiP market is primarily driven by consumer electronics, which accounted for 89% of the market in 2022, with a projected CAGR of 7% from 2022 to 2028 [5][50] - The company has established strong partnerships with major players like Qualcomm and MediaTek, enhancing its competitive edge in the SiP market [6][58] Financial Performance and Projections - The company achieved revenues of 608 billion yuan in 2023 and is projected to generate revenues of 606.9 billion yuan, 651.8 billion yuan, and 709.8 billion yuan in 2024, 2025, and 2026 respectively [10][9] - The net profit attributable to the parent company is expected to stabilize around 19 billion yuan, with projections of 16.5 billion yuan, 20.9 billion yuan, and 26.4 billion yuan for the next three years [10][9] Growth Drivers - The company is well-positioned to benefit from the growth in the smartphone market, which is expected to grow from 608.9 billion USD in 2025 to 1,077.8 billion USD by 2033, with a CAGR of 7.4% [6][62] - The demand for AI-enabled consumer electronics is anticipated to drive the demand for SiP modules, with significant growth expected in wearable technology [7][8] - The automotive electronics segment is also expected to expand, supported by trends in electrification, intelligence, and connectivity [8][9]

本公司董事会及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。 根据《上市公司股权激励管理办法》《环旭电子股份有限公司股票期权激励 计划(修订稿)》《2023年股票期权激励计划（定稿版）》及中国证券登记结算有限 责任公司上海分公司关于股票期权自主行权的相关规定，并结合环旭电子股份有 限公司（以下简称"公司"）2025年第一季度报告披露计划，现对公司2015年股票 期权激励计划、2023年股票期权激励计划自主行权时间进行限制，具体情况公告 如下： | 股票期权 激励计划 | 行权期 | 期权代码 | | | | | 行权起止日期 | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 年 2015 | 第一个行权期 | 0000000114 | 2017 | 年 | 11 月 | 25 | 日-2025 | 年 | 11 | 月 | 24 | 日 | | 股票期权 激励计划 | 第二个行权期 | 000000011 ...