证券代码：601799 证券简称：星宇股份 公告编号：2025-010 常州星宇车灯股份有限公司 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 召开地点：公司办公楼四楼 15 号会议室（秦岭路 182 号） (五) 网络投票的系统、起止日期和投票时间。 网络投票系统：上海证券交易所股东大会网络投票系统 网络投票起止时间：自 2025 年 4 月 10 日 至 2025 年 4 月 10 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。 股东大会召开日期：2025年4月10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 (一) 股东大会类型和届次 2024 年年度股东大会 (二) 股东大会召集人：董事会 (三) 投票方式：本次 ...

证券简称：星宇股份 证券代码：601799 编号：2025-005 常州星宇车灯股份有限公司 第六届监事会第二十次会议决议公告 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个别及连带责任。 本议案尚需提交公司 2024 年年度股东大会审议。 2、以 3 票同意，0 票反对，0 票弃权审议通过了《公司 2024 年度财务决 算报告》； 一、监事会会议召开情况 （一）本次监事会会议的召开符合有关法律、行政法规、部门规章、规范 性文件和《公司章程》的规定。 （二）本次会议的通知于 2025 年 3 月 9 日以电话、电子邮件、现场送达方 式发出。 （三）本次会议于 2025 年 3 月 19 日在公司以现场结合通讯方式召开。 （四）本次会议三名监事全部出席。 （五）本次会议由监事会主席徐小平先生主持。董事会秘书列席了本次会 议。 二、监事会会议审议情况 1、以 3 票同意，0 票反对，0 票弃权审议通过了关于《公司监事会 2024 年度工作报告》的议案 该报告与本公告同日披露于上海证券交易所网站（www.sse.com.cn）。 本议案尚需 ...

证券简称：星宇股份 证券代码：601799 编号：2025-004 常州星宇车灯股份有限公司 第六届董事会第二十二次会议决议公告 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个别及连带责任。 本议案尚需提交公司 2024 年年度股东大会审议。 2、以 7 票同意，0 票反对，0 票弃权，审议通过了《公司总经理 2024 年度 工作报告》； 3、以 7 票同意，0 票反对，0 票弃权，审议通过了《公司 2024 年度财务决 算报告》； 一、董事会会议召开情况 1、本次董事会会议的召开符合有关法律、行政法规、部门规章、规范性文 件和《公司章程》的规定。 2、本次会议的通知和材料于 2025 年 3 月 9 日以电话、电子邮件、现场送 达方式发出。 3、本次会议于 2025 年 3 月 19 日在公司以现场结合通讯表决方式召开。 4、本次会议应当出席董事七名，七名董事全部出席。 5、本次会议由董事长周晓萍女士主持。董事会秘书及部分高管列席了本次 会议 二、董事会会议审议情况 1、以 7 票同意，0 票反对，0 票弃权，审议通过了《公司董事会 ...

Financial Performance - The net profit for the year 2024 reached CNY 1,558,590,313.51, with a total distributable profit of CNY 6,050,734,165.62 after accounting for previous undistributed profits and cash dividends [6]. - The proposed cash dividend for 2024 is CNY 13 per share (including tax), totaling CNY 369,600,717.20, which represents 30.50% of the net profit attributable to shareholders [7]. - The company achieved operating revenue of CNY 13.25 billion in 2024, a year-on-year increase of 29.32% [20]. - Net profit attributable to shareholders reached CNY 1.41 billion, up 27.78% compared to the previous year [20]. - The basic earnings per share increased to CNY 4.96, reflecting a growth of 28.31% year-on-year [21]. - The total revenue for the automotive parts segment reached CNY 1,253,668.15 million, with a gross margin of 19.94%, a decrease of 1.20 percentage points compared to the previous year [45]. - The revenue from headlamps was CNY 1,245,418.73 million, with a gross margin of 19.93%, down 1.22 percentage points year-on-year [45]. - The company reported a total revenue of 1,325,293.37 million yuan for the fiscal year 2024 [161]. - The total comprehensive income for 2024 was ¥1,558,590,313.51, compared to ¥1,206,284,062.04 in 2023, indicating a significant increase [181]. Cash Flow and Investments - The company reported a net cash flow from operating activities of CNY 909.22 million, a 30.42% increase year-on-year [20]. - The net cash flow from operating activities increased by 30.42% to ¥909,217,268.12, an increase from ¥697,133,799.03 in 2023 [182]. - The net cash flow from investing activities decreased significantly by 239.43%, from ¥43,000.69 million to -¥59,954.54 million [54]. - The company has invested 90 million in bank wealth management products with a maturity of 3 months, expecting returns of 1.56% to 2.5% [129]. - The company has allocated 600 million for bank wealth management products maturing between February and May 2024, with expected returns of 1.05% to 2.6% [129]. - The company has diversified its investment portfolio across multiple banks, including China CITIC Bank and China Minsheng Bank, to optimize returns [129]. Research and Development - The company successfully undertook 69 new model R&D projects, with 40 models entering mass production, showcasing its strength as a leading automotive lighting solution provider [30]. - The company’s R&D expenses increased by 7.41% to 655.49 million RMB, reflecting its commitment to innovation and technology advancement [41]. - The company is focusing on the development of new technologies, including smart headlights based on MicroLED technology [31]. - Research and development expenses for 2024 amounted to ¥655,492,684.95, up from ¥610,244,504.51 in 2023, indicating an increase of 7.4% [177]. Corporate Governance - The company has confirmed that all board members attended the board meeting, ensuring governance compliance [4]. - The company has implemented measures to strengthen corporate governance and ensure compliance with relevant laws and regulations [76]. - The audit committee consists of members Li Xiang, Ma Peilin, and Yu Zhiming, ensuring oversight of financial reporting [91]. - The company has established a strategic committee to guide long-term planning and direction [91]. - The company has a structured approach to managing subsidiaries, ensuring compliance with internal control and risk management strategies [112]. Market Position and Strategy - The automotive lighting market is expanding due to increasing consumer demand for smarter and safer lighting solutions, providing significant growth opportunities for the company [34]. - The company maintains strong relationships with major automotive manufacturers, including Volkswagen, BMW, and Toyota, ensuring a stable customer base [35]. - The company aims to strengthen its competitive advantage in the passenger car lighting market by deepening relationships with existing customers and optimizing product structure [70]. - The company is actively developing automotive electronics, leveraging its existing R&D foundation in lighting to build a comprehensive platform for automotive electronics [70]. Risks and Challenges - The company faces risks from fluctuations in the automotive industry, which could adversely affect production and sales if the overall market declines [72]. - There is a risk associated with technology and product development, as delays or misalignment with market trends could negatively impact competitiveness and profitability [72]. - High customer concentration poses a risk, as losing major clients or a reduction in their demand could significantly affect revenue and profit levels [72]. - The company is at risk of declining gross margins due to increasing competition and cost pressures from automakers [73]. Social Responsibility and Sustainability - The company invested 9.8769 million RMB in environmental protection during the reporting period [115]. - The company made a total donation of 6 million RMB to various foundations, including the Changzhou Federation of Trade Unions and the Chinese Good Samaritan Foundation [116]. - The company has implemented carbon reduction measures, including promoting distributed photovoltaic power generation projects and improving equipment efficiency [116]. - The management team emphasized a commitment to sustainability, with plans to reduce carbon emissions by 25% by 2026 [80]. Shareholder Information - The total number of common shareholders as of the end of the reporting period is 9,030, down from 10,156 at the end of the previous month [143]. - The largest shareholder, Zhou Xiaoping, holds 102,520,320 shares, representing 35.89% of the total shares [145]. - Zhou Bajin, the second-largest shareholder, holds 34,915,307 shares, accounting for 12.22% of the total shares [145]. - The company has not reported any restrictions on share reduction during the reporting period [154]. Audit and Compliance - The company has maintained a standard unqualified audit opinion from Tianheng Accounting Firm, affirming the accuracy of the financial report [5]. - The audit opinion confirmed that the financial statements fairly reflect the company's financial position as of December 31, 2024 [160]. - The audit identified revenue recognition as a key audit matter due to inherent risks associated with management's manipulation of revenue timing [161]. - The company is responsible for maintaining internal controls to ensure the financial statements are free from material misstatement [163].

证券简称：星宇股份 证券代码：601799 编号：2025-007 常州星宇车灯股份有限公司 关于 2024 年度利润分配方案的公告 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个别及连带责任。 重要内容提示: 一、利润分配方案内容 根据天衡会计师事务所（特殊普通合伙）出具的《常州星宇车灯股份有限公 司 2024 年度财务报表审计报告》，母公司 2024 年度实现净利润 1,558,590,313.51 元。根据《公司法》和《公司章程》有关规定，累计法定盈余公积金已占股本 50% 以上，当年度未提取法定盈余公积金，加上以前年度未分配利润 4,889,419,393.71 元，扣除 2024 年发放的 2023 年度股东现金红利 340,521,892.80 元和 2024 年半 年 度 股 东 现 金 红 利 56,753,648.80 元 ， 期 末 可 供 股 东 分 配 的 利 润 为 6,050,734,165.62 元。 经董事会决议，公司 2024 年度拟以实施权益分派股权登记日登记的总股本 为基数分配利润。本次利润分配预 ...

Core Insights - The company reported a revenue of 13.253 billion yuan for 2024, representing a year-on-year growth of 29.32% [1] - The net profit for the same period was 1.408 billion yuan, showing a year-on-year increase of 27.78% [1] - The basic earnings per share (EPS) is 4.96 yuan [1] - The company plans to distribute a cash dividend of 13 yuan per 10 shares (including tax) [1]

Investment Rating - The automotive sector is rated as "Overweight" with a recommendation to increase holdings in specific stocks [1][48]. Core Insights - The automotive sector experienced a 3.08% increase from March 3 to March 7, 2025, outperforming the CSI 300 index by 1.69 percentage points [9][37]. - The passenger vehicle retail sales in February are expected to reach 1.4 million units, reflecting a year-on-year growth of 26% but a month-on-month decline of 22% [6][39]. - The release of Geely's "Qianli Haohan" intelligent driving system marks a significant advancement in high-level autonomous driving technology [3][39]. Summary by Sections Market Performance - The automotive sector's performance includes a 0.68% increase in the passenger vehicle segment, a 1.42% increase in the commercial vehicle segment, and a 2.67% increase in the truck segment, while the bus segment saw a decline of 0.89% [9][37]. - The automotive parts sector rose by 5%, and the automotive services sector increased by 2.21%, both outperforming the CSI 300 index [9][37]. Valuation Levels - As of March 3, 2025, the automotive industry's PE-TTM stands at 28.92, up by 0.81 from the previous week [10][38]. - The valuations for sub-sectors are as follows: passenger vehicles at 31.53, commercial vehicles at 37.02, and parts at 25.96 [10][38]. New Developments - Geely's "Qianli Haohan" system includes features like high-speed NOA and automatic parking, with plans for a large-scale rollout in March 2025 [3][39]. - In February, the wholesale of passenger vehicles reached 1.781 million units, a 35% year-on-year increase [6][39]. Raw Material Prices - As of March 7, 2025, the prices for key raw materials are as follows: aluminum index at 20,847.07, copper index at 78,223.6, rebar index at 3,266.92, and rubber index at 17,431.15, with respective weekly changes of 0.93%, 1.8%, -2.2%, and -1.8% [19][38].

星宇股份 摘要 • 问界 M7 和 M9 车型销量显著，2025 款分别达到 2.3 万台，预计问界系列 整体销量将因此提升，鸿蒙智行车型增加（包括问界 M5、M7 等）将进一 步推动星宇股份业绩增长。 • 星宇股份与华为在智能汽车领域深度合作，尤其在智慧光源方面，提供一 体式灯组、百万像素投影大灯及贯穿式可编程智慧尾灯等产品，提升单车 价值量及车辆智能照明交互功能。 • 智能车灯技术快速发展，从 LED 到 ADB 再到 DLP，单车价值量持续提升。 预计 2027 年国内前大灯市场规模达 617 亿元，其中矩阵式 LED、ADB 和 DLP 合计规模达 511 亿元，2024-2027 年复合增速高达 37%。 • 星宇股份积极推进全球化战略，在欧洲塞尔维亚建厂，国际品牌订单以翻 倍速度增长。公司正考察北美市场，寻求更多客户并可能建厂，通过绑定 优质客户和华为平台化能力，缩小与海外龙头差距。 • 预计未来两年星宇股份收入增速约为 30%，2025 年收入体量或达 160 亿 左右。尽管产品单价高且外采模组芯片成本较高，毛利率相对较低，但费 用率也较低，利润率最终将有所提升。 • 星宇股份净利润增速预计保持 ...

证券简称：星宇股份 证券代码：601799 编号：2025-003 常州星宇车灯股份有限公司 第六届董事会第二十一次会议决议公告 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个别及连带责任。 （五）本次会议由公司董事长周晓萍女士主持。公司监事、部分高管及董事 会秘书列席了本次会议。 二、董事会会议审议情况 1、审议通过了《关于制定<常州星宇车灯股份有限公司市值管理制度>的 议案》 一、董事会会议召开情况 （一）本次董事会会议的召开符合有关法律、行政法规、部门规章、规范性 文件和《公司章程》的规定。 （二）本次会议的通知于 2025 年 2 月 18 日以电话、电子邮件、现场送达方 式发出。 （三）本次会议于 2025 年 2 月 25 日在本公司以现场结合通讯方式召开。 （四）本次会议七名董事全部出席。 为加强公司市值管理工作，提升公司质量，切实维护公司、公司股东、投 资者及其他利益相关者的合法权益，公司根据《中华人民共和国公司法》、《中 华人民共和国证券法》、《上海证券交易所股票上市规则》、《上市公司监管指引 第 10 号—市值管理 ...