证券简称：星宇股份 证券代码：601799 编号：临 2024-034 二、监事会会议审议情况 1、审议通过了《关于<常州星宇车灯股份有限公司 2024 年员工持股计划 （草案）>及其摘要的议案》 监事会认为，公司 2024 年员工持股计划符合《公司法》、《证券法》、《关于 上市公司实施员工持股计划试点的指导意见》、《上海证券交易所上市公司自律监 管指引第 1 号——规范运作》等有关法律、行政法规、规章、规范性文件和《公 司章程》的规定，不存在损害公司及全体股东利益的情形，亦不存在以摊派、强 行分配等方式强制员工参加本公司持股计划的情形。公司实施 2024 年员工持股 计划，能够完善股东、公司与骨干员工的利益共享机制，调动和提高骨干员工的 凝聚力、积极性和创造性，激励骨干员工努力将公司打造成为长期行业领先的优 秀上市公司，并不断提升公司治理水平，促进公司长期、持续、健康的发展。 常州星宇车灯股份有限公司 第六届监事会第十八次会议决议公告 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。 一、监事会会议召开情况 （一）本次监 ...

网络投票起止时间：自 2024 年 12 月 2 日 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： 网络投票系统：上海证券交易所股东大会网络投票系统 证券代码：601799 证券简称：星宇股份 公告编号：2024-035 常州星宇车灯股份有限公司 关于召开 2024 年第二次临时股东大会的通知 至 2024 年 12 月 2 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。 (六) 融资融券、转融通、约定购回业务账户和沪股通投资者的投票程序 股东大会召开日期：2024年12月2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、 召开会议的基本情况 (一) 股东大会类型和届次 2024 年第二次临时股东大会 (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 ...

证券代码：601799 证券简称：星宇股份 常州星宇车灯股份有限公司 2024 年员工持股计划 （草案）摘要 常州星宇车灯股份有限公司 二零二四年 声明 本公司及董事会全体成员保证本次员工持股计划内容真实、准确和完整，没 有虚假记载、误导性陈述或重大遗漏。 1 风险提示 1、常州星宇车灯股份有限公司（以下简称"星宇股份"或"公司"）员工持 股计划将在公司股东大会通过后方可实施，本次员工持股计划能否获得公司股东 大会批准，存在不确定性。 2、有关本次员工持股计划的具体资金来源、出资比例、实施方案等属初步 结果，能否完成实施，存在不确定性。 3、若员工认购意愿或认购资金不足，本次员工持股计划存在低于预计规模 的风险。 4、考核归属期内，根据持有人个人考核结果确定本次员工持股计划的权益 归属，存在持有人指标考核未全部达成而造成本次员工持股计划无法归属至持有 人的可能性。 5、公司后续将根据规定披露相关进展情况，敬请广大投资者谨慎决策，注 意投资风险。 2 特别提示 1、《常州星宇车灯股份有限公司 2024 年员工持股计划》系公司依据《中华 人民共和国公司法》、《中华人民共和国证券法》、《关于上市公司实施员工持 股计 ...

常州星宇车灯股份有限公司 关于召开 2024 年第三季度业绩说明会的公告 证券简称：星宇股份 证券代码：601799 编号：临 2024-032 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： 会议召开时间：2024年11月6日（星期三）上午10:00-11:00 会议召开地点：上海证券报·中国证券网（https://roadshow.cnstock.com/） 会议召开方式：网络文字互动 投资者可以在2024年11月5日上午8:00至下午16:00通过公告后附的电话、邮 件等联系公司，提出所关注的问题，公司将在说明会上选择投资者普遍关注的问 题进行回答。 公司已于2024年10月26日披露了《星宇股份2024年第三季度报告》，为便于 广大投资者更全面深入地了解公司2024年第三季度的经营成果及财务状况，公司 决定于2024年11月6日通过网络文字互动方式召开"星宇股份2024年第三季度业 绩说明会"。 一、说明会类型 本次业绩说明会以网络方式召开，公司将针对2024年第三季度的经营成果 及财务指标的具体 ...

Investment Rating - The report maintains a "Strong Buy" rating for the company, with a target price of 172.8 CNY, indicating an expected upside of 22% [1]. Core Views - The company reported a net profit of 383 million CNY for Q3 2024, representing a year-on-year increase of 22% and a quarter-on-quarter increase of 9% [1]. - Revenue for Q3 2024 reached 3.5 billion CNY, marking a new high with a year-on-year growth of 25% and a quarter-on-quarter growth of 6.2% [1]. - The company is expected to see a significant increase in revenue from new energy vehicles, with projections indicating that the revenue share from this segment could approach 40% by 2024 [1]. - The company is expanding its global footprint, with revenue from its European operations reaching 110 million CNY in 2023, and plans to enter the North American market [1]. Financial Summary - Total revenue for 2023 is projected at 10,248 million CNY, with expected growth rates of 29.1% in 2024, 22.2% in 2025, and 18.7% in 2026 [2]. - The net profit for 2023 is estimated at 1,102 million CNY, with growth rates of 27.6% in 2024, 30.0% in 2025, and 22.8% in 2026 [2]. - The company's earnings per share (EPS) is projected to increase from 3.86 CNY in 2023 to 7.86 CNY by 2026 [2]. - The price-to-earnings (P/E) ratio is expected to decrease from 37 in 2023 to 18 by 2026, indicating improved valuation metrics over time [2].

Investment Rating - The investment rating for the company is "Buy" (maintained) [2][7]. Core Views - The company has shown significant revenue and profit growth in Q3 2024, with revenue reaching 3.509 billion yuan, representing a year-on-year increase of 24.77% and a quarter-on-quarter increase of 6.19%. The net profit attributable to shareholders was 383 million yuan, up 21.60% year-on-year and 8.96% quarter-on-quarter [2]. - The company benefits from increased sales from core independent customers, with notable sales growth from key clients such as Li Auto, Seres, and Chery, which saw quarter-on-quarter sales increases of 41%, 12%, and 14% respectively [2]. - The company's gross margin for Q3 2024 was 19.94%, with a net margin of 10.91%, indicating a slight improvement in profitability despite a minor decline in gross margin compared to previous periods [2]. - The company is positioned as a leading domestic automotive lighting enterprise, with ongoing projects in advanced lighting technologies and a growing customer base, including new energy vehicle clients [2][5]. Summary by Sections Recent Performance - In Q3 2024, the company achieved a revenue of 3.509 billion yuan, with a year-on-year growth of 24.77% and a quarter-on-quarter growth of 6.19%. The net profit was 383 million yuan, reflecting a year-on-year increase of 21.60% and a quarter-on-quarter increase of 8.96% [2]. - The company has a diverse customer base, including luxury brands and domestic manufacturers, which has contributed to its revenue growth [2]. Financial Metrics - The company’s gross margin was 19.94%, with a net margin of 10.91%. The expense ratio improved to 8.12%, indicating better cost management [2]. - The company’s total market capitalization is approximately 42.35 billion yuan, with a current stock price of 148.25 yuan [2]. Earnings Forecast - The company is expected to achieve revenues of 12.9 billion yuan, 15.9 billion yuan, and 19.2 billion yuan for the years 2024, 2025, and 2026 respectively, with corresponding net profits of 1.484 billion yuan, 1.911 billion yuan, and 2.388 billion yuan [5][7]. - The projected EPS for the same years is 5.20 yuan, 6.69 yuan, and 8.36 yuan, with a P/E ratio decreasing from 28.54 to 17.74 over the forecast period [5][7].

Investment Rating - The report maintains a "Buy" rating for the company, expecting a price increase of 5% to 15% relative to the industry index over the next six months [9]. Core Views - The company demonstrated strong earnings resilience in Q3 2024, with revenue reaching 9.225 billion and a year-on-year growth of 27.5%. The net profit attributable to shareholders was 977 million, up 25.0% year-on-year [1]. - The report highlights the optimization of customer structure and the ramp-up of new projects as key drivers for future growth [1]. Financial Performance Summary - **Revenue**: The company achieved revenue of 35.09 billion in Q3 2024, with a year-on-year increase of 24.8% and a quarter-on-quarter increase of 6.2% [1]. - **Net Profit**: The net profit for Q3 2024 was 383 million, reflecting a year-on-year growth of 21.6% and a quarter-on-quarter growth of 9.0% [1]. - **Profit Margins**: The gross margin for Q3 2024 was 19.9%, with a slight decline compared to previous periods, while the net profit margin was 10.9% [1]. Future Projections - The company is projected to achieve revenues of 131.7 billion, 162.9 billion, and 197.2 billion for the years 2024, 2025, and 2026, respectively. Corresponding net profits are expected to be 14.2 billion, 17.9 billion, and 22.6 billion [1]. - The report anticipates a decrease in the price-to-earnings (P/E) ratio from 29.8 in 2024 to 18.7 in 2026, indicating improving valuation metrics [1]. Strategic Developments - The company is expanding its global customer base, transitioning from traditional automakers to new energy vehicle manufacturers and global car companies, with several projects set to launch from 2024 to 2026 [1]. - New product developments in smart automotive lighting and electronic technologies are underway, including innovations based on Micro LED and DMD technologies [1].

Investment Rating - The report maintains a "Buy" rating for the company [1] Core Views - The company's Q3 performance met expectations, with a revenue of 9.225 billion yuan for the first three quarters of 2024, representing a year-on-year increase of 27.5% [1] - The net profit attributable to the parent company for the same period was 977 million yuan, up 25% year-on-year, with a gross margin of 20% and a net margin of 10.6% [1] - The company is actively implementing cost control measures, leading to a continuous improvement in expense ratios [2] - The average selling price (ASP) of the company's products has increased by 25.4% year-on-year, indicating a successful transition to higher-value products [2] - The company is expanding its customer base and accelerating its global layout, with significant growth in clients from the new energy sector [3] Financial Performance Summary - For Q3 2024, the company achieved a revenue of 3.509 billion yuan, a year-on-year increase of 24.8% and a quarter-on-quarter increase of 6.2% [1] - The net profit for Q3 was 383 million yuan, reflecting a year-on-year growth of 21.6% and a quarter-on-quarter increase of 9% [1] - The expense ratio for Q1-Q3 2024 was 8.72%, down 0.8 percentage points year-on-year, with Q3's expense ratio at 8.12%, down 1.17 percentage points year-on-year [2] - The company expects a compound annual growth rate (CAGR) of 24.3% for net profit attributable to the parent company from 2024 to 2026 [3] Customer and Market Expansion - The company is enhancing its customer structure, with rapid growth from clients such as Chery, Seres, Li Auto, and NIO, which is expected to bolster revenue sources [2][3] - The company is establishing a global presence, with production capacity in Serbia and new entities in Mexico and the United States to support overseas market expansion [3]

Investment Rating - The report maintains a target price of 172.23 CNY and an "Accumulate" rating for the company [1][6]. Core Views - The company's Q3 2024 performance met expectations, benefiting from the popularity of its self-owned brand products, with revenue and profit both showing growth [2][6]. - The company is expected to benefit from industry upgrades and a transformation in its customer structure, leading to improved profitability over time [2][6]. Financial Summary - For Q1-Q3 2024, the company achieved revenue of 9.23 billion CNY, a year-on-year increase of 27.5%, and a net profit attributable to shareholders of 980 million CNY, up 25.0% year-on-year [1][3]. - The Q3 2024 revenue was 3.51 billion CNY, reflecting a year-on-year growth of 24.8% and a quarter-on-quarter increase of 6.2% [1][3]. - The gross margin for Q1-Q3 2024 was 20.0%, a decrease of 1.47 percentage points year-on-year, while the net margin was 10.6%, down 0.21 percentage points year-on-year [1][3]. - The company’s cash flow from operating activities for Q3 2024 was 140 million CNY, significantly higher than 38 million CNY in the same period of 2023 [1][3]. Industry Outlook - The automotive lighting industry is undergoing continuous upgrades, with the company shifting its customer base towards self-owned brands and new energy vehicle clients, which is expected to drive rapid revenue growth [1][2]. - The introduction of high-priced intelligent products like ADB is anticipated to enhance the company's revenue and profitability as the scale effects from new energy clients become evident [1][2].

第一这是很很很正常的或是应该做的然后你又进一步再往提能不能提到辅料玻璃可能是产品不太一样其实玻璃我对理解啊玻璃种类其实相对还是平台件对吧他还不是他虽然说每个车的玻璃形状都不一样但是是他定制的属性没有那么强 所以这块的话我自己的判断可能要想做到单家超过70%到13%我觉得是有挑战的 但是说能不能去冲击一下百分之五十呢?这个近期我们给大家加入我们跟这个华为因为我们是战略合作嘛我们有非常频繁的这种战略共创他们就跟我们提出那个百分之五十是我们应该挑战的下一个目标但这个目标远大我们肯定是稳扎稳打先从成功率15到20、25、30这是我们至少是我们近几年的一个目标所以说想表达这么一个观点吧我们自己还是比较有信心的 根据现在从价值量的角度来讲按照最新的在国内的风浪现在能不能够到一个什么样的一个水平按照价值量因为数量就难说了就按价值量来看其实价值量都是基于一系列假设是吧各种各样的一个预估的对这块的话我们自己看目前也就是一个十五六整体拉通了十五到十七左右吧不同一个量所以说我们其实空间还蛮大的 其实我不知道大家有没有关注最近也有一些整车厂也要自己做灯这个趋势也很正常 分分合合那你看没有整车厂自己做玻璃BIB号称玻璃和轮胎不做 其他 ...