证券代码：603283 证券简称：赛腾股份 公告编号：2024-046 苏州赛腾精密电子股份有限公司 关于股东部分股份质押的公告 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: 孙丰先生直接持有上市公司股份数量为 4,050.1556 万股，占公司总股本 20.22%，截至本公告披露日，孙丰先生持有的公司股份中累计质押数量为 1,425 万股，占其直接持股数量比例为 35.18%，占公司总股本比例为 7.11%。 公司于 2024 年 8 月 13 日获悉孙丰先生所持有本公司的部分股份被质押，具 体事项如下： 二、 股东累计质押股份情况 截至公告披露日，上述股东累计质押股份情况如下： 1 | | | | 本次质 | 本次质 | 占其直 | | 已质押股份情况 | 已质押 | 未质押 | 未质押股份情况 未质押 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | 押前累 | 押后累 | | 占公司 | 已质押股 ...

公司研究 2024.08.12 赛腾股份（ 603283） 公司点评报告 半年报业绩高增，看好 3C&半导体业务的双轮驱动 方 正 证 券 研 究 所 证 券 研 究 报 告 分析师 李鲁靖 登记编号：S1220523090002 联系人 王昊哲 徐凡 | --- | --- | |-------------------------|-------------| | | | | 推 荐 ( 维 持 | ) | | 公司信息 | | | 行业 | 工控设备 | | | | | 最新收盘价(人民币/元 ) | 59.41 | | 总市值(亿 )(元) | 119.01 | | 52 周最高/最低价(元 ) | 90.54/39.30 | 历史表现 -18% 10% 38% 66% 94% 122% 23/8/12 23/11/11 24/2/10 24/5/11 24/8/10 赛腾股份 沪深300 数据来源：wind 方正证券研究所 相关研究 《赛腾股份(603283)：AI 驱动景气周期，3C& 半导体双双受益》2024.07.22 2024H1：收入稳健增长，盈利能力持续提升 1)上半年实现营收 16.31 ...

Investment Rating - The investment rating for the company is "Buy" (maintained) [1] Core Views - The company's performance continues to show high growth, with a revenue of 1.63 billion yuan in H1 2024, representing a year-on-year increase of 16%. The net profit attributable to shareholders reached 154 million yuan, up 49% year-on-year, aligning with the performance forecast [2][9] - Profitability has significantly improved, with a sales net profit margin of 9.96% in H1 2024, an increase of 2.36 percentage points year-on-year. The gross profit margin for H1 2024 was 44.99%, up 4.60 percentage points year-on-year [2][10] - The company has seen a decrease in contract liabilities and inventory, indicating a strong order fulfillment. As of the end of H1 2024, contract liabilities and inventory were 400 million yuan and 1.67 billion yuan, down 58% and 4% year-on-year, respectively [2][11] - The company is well-positioned to benefit from the upcoming launch of new Apple products, which is expected to drive demand in the consumer electronics sector. Additionally, the semiconductor measurement equipment segment is anticipated to grow due to the expansion of HBM production [2][12] - The company is expanding its presence in the semiconductor and new energy sectors, with significant potential for growth in consumer electronics and domestic substitution in semiconductor measurement equipment [2][13] Financial Forecasts - The company is projected to achieve net profits of 840 million yuan, 970 million yuan, and 1.07 billion yuan for the years 2024, 2025, and 2026, respectively. The current market capitalization corresponds to dynamic P/E ratios of 14, 12, and 11 times for these years [2][14]

华福证券 赛腾股份（603283.SH） 中报业绩高增，3C+半导体设备持续高景气 投资要点： 事件：公司发布 2024 年半年报，预计 2024 年上半年实现营业收入 16.31 亿元，同比增长 16.21%；实现归母净利润 1.54 亿元，同比增长 48.87%。 二季度业绩维持高速增长 分季度来看，2024 年第一季度公司实现营业收入 7.74 亿元 （YoY+8.26%），归母净利润 9445 万元（YoY+30.08%）。第二季度实 现 营 业 收 入 8.57 亿 元 （ YoY+24.46% ）， 归 母 净 利 润 5966 万 元 （YoY+93.00%）。我们预计 2024 年全年公司归母净利润 8.27 亿元，预 期下半年实现归母净利润 6.73 亿元，在高基数下预计下半年净归母利 润将同比增长 23%。 3C 设备：AI 终端等新产品将带来结构性机会 2023 年以来，AI 技术在消费电子终端设备中的应用加速落地， 推动了行业从弱复苏向成长的转变。2024 年，端侧 AI 技术将在手机、 PC、XR、可穿戴设备和物联网（IoT）终端设备中加速落地，AI 终端 迎来了发展元年。AI+设备 ...

Investment Rating - The report maintains an "Accumulate" rating for the company, with a target price based on its growth potential in the consumer electronics and semiconductor sectors [1][5]. Core Insights - The company achieved a revenue of 1.631 billion yuan in H1 2024, representing a year-on-year increase of 16.21%, with Q2 revenue growing by 24.36% compared to Q1, driven by strong competitiveness in the consumer electronics sector and sufficient orders [2]. - The net profit attributable to the parent company reached 154 million yuan in H1 2024, up 48.87% year-on-year, with a significant increase in profitability observed in Q2 [3]. - The company is expected to benefit from the AI industry's growth, particularly in the 3C equipment sector, as well as from the expansion of HBM measurement equipment due to rising demand [4]. Summary by Sections Revenue Performance - H1 2024 revenue was 1.631 billion yuan, up 16.21% year-on-year, with Q2 revenue at 857 million yuan, a 24.36% increase [2]. - The company has a strong order backlog, with inventory and contract liabilities at 1.666 billion yuan and 399 million yuan, respectively, showing a quarter-on-quarter increase of 21% and 3% [2]. Profitability - H1 2024 net profit attributable to the parent company was 154 million yuan, a 48.87% increase year-on-year, with Q2 net profit at 60 million yuan, up 93% [3]. - The gross profit margin improved to 44.99%, an increase of 4.02 percentage points year-on-year, while the operating expense ratio was stable at 33.15% [3]. Market Outlook - The company is well-positioned to benefit from the upcoming launch of new Apple products and the overall growth in the consumer electronics market [4]. - The demand for HBM technology is expected to drive significant growth, with the company actively expanding its product line and securing orders from both international and domestic clients [4]. Financial Projections - Revenue forecasts for 2024-2026 are set at 5.353 billion, 6.460 billion, and 7.453 billion yuan, reflecting year-on-year growth rates of 20%, 21%, and 15% respectively [5]. - Adjusted net profit projections for the same period are 884 million, 1.059 billion, and 1.218 billion yuan, with expected growth rates of 29%, 20%, and 15% [5].

Investment Rating - The investment rating for the company is "Buy" with a current price of 59.41 CNY and a fair value of 80.45 CNY [1]. Core Views - The company's performance aligns with previous forecasts, achieving a revenue of 1.631 billion CNY in the first half of 2024, a year-on-year increase of 16.21%, and a net profit of 154 million CNY, up 48.87% year-on-year [2]. - The AI trend is expected to trigger a new innovation cycle in the smartphone industry, benefiting the company as it is positioned to take advantage of new technologies and capital expenditures [2]. - The revenue forecast for the company from 2024 to 2026 is projected at 5.303 billion CNY, 6.741 billion CNY, and 7.636 billion CNY respectively, with net profits of 806 million CNY, 1.052 billion CNY, and 1.200 billion CNY [2]. Financial Summary - Revenue growth rates are projected at 26.4% for 2022, 51.8% for 2023, 19.3% for 2024, 27.1% for 2025, and 13.3% for 2026 [1][5]. - The EBITDA for the years 2022 to 2026 is forecasted to be 405 million CNY, 947 million CNY, 1.043 billion CNY, 1.352 billion CNY, and 1.545 billion CNY respectively [1][5]. - The earnings per share (EPS) is expected to grow from 1.66 CNY in 2022 to 5.99 CNY in 2026 [1][5]. - The company maintains a strong return on equity (ROE) of 18.3% in 2022, projected to be 31.5% in 2023, and stabilizing around 27.9% by 2026 [1][5].

Financial Performance - The company reported a total revenue of RMB 1.2 billion for the first half of 2024, representing a year-on-year increase of 15%[8]. - Net profit for the same period reached RMB 200 million, up 10% compared to the previous year[8]. - The company's operating revenue for the first half of the year reached ¥1,631,156,004.82, representing a 16.21% increase compared to the same period last year[15]. - Net profit attributable to shareholders increased by 48.87% year-on-year, amounting to ¥154,107,773.42[16]. - The net profit after deducting non-recurring gains and losses grew by 88.93%, totaling ¥133,817,733.32[16]. - Basic earnings per share rose to ¥0.79, a 46.30% increase from the previous year[16]. - The company's revenue for the first half of 2024 reached CNY 1,631,156,004.82, representing a year-on-year growth of 16.21%[32]. - Net profit attributable to shareholders of the parent company was CNY 154,107,800, showing a significant increase of 48.87% compared to the previous year[32]. - The total profit for the first half of 2024 is approximately ¥183.46 million, an increase of 56.4% compared to ¥117.26 million in the same period of 2023[93]. Research and Development - The company is investing RMB 100 million in R&D for new technologies and product development in the upcoming year[8]. - R&D expenses increased by 28.61% to CNY 190,147,561.54, indicating the company's commitment to innovation and technology development[33]. - The company is focusing on R&D in smart manufacturing equipment, aligning with the industry's shift towards high-quality development and digital transformation[19]. - The company has a strong focus on R&D, responding to client needs while also proactively developing technologies for potential markets[25]. Market Expansion and Strategy - The company has expanded its user base by 20%, now serving over 1 million active users[8]. - Future outlook indicates a projected revenue growth of 25% for the second half of 2024, driven by new product launches[8]. - Market expansion plans include entering two new international markets by the end of 2024[8]. - The company has completed a strategic acquisition of a local competitor, enhancing its market share by 5%[8]. - The company has expanded its international presence by establishing subsidiaries in the USA, Japan, South Korea, Vietnam, and Thailand, enhancing its competitive edge in overseas markets[30]. Financial Position and Assets - The company's total assets increased by 15.06% year-on-year, reaching ¥5,317,375,783.43[15]. - The company's total assets at the end of the reporting period amounted to 5,339,000,000.00 RMB, with overseas assets accounting for 18.22% of total assets[38]. - The company's goodwill amounted to CNY 314.17 million, accounting for 5.91% of total assets as of June 30, 2024, posing a risk of impairment if the acquired companies perform poorly[46]. - The company's total liabilities increased to ¥2,909,361,549.26, a rise of 22.3% from ¥2,378,547,226.88 at the end of 2023[87]. Risks and Challenges - The management highlighted potential risks related to supply chain disruptions and market competition in the upcoming quarters[3]. - The company faces risks related to dependency on core customers, which significantly impacts revenue stability and operational continuity[44]. - The company has a high proportion of foreign sales, which are primarily settled in USD, making it vulnerable to fluctuations in the RMB/USD exchange rate that could negatively impact performance[45]. - The company faces risks related to fluctuations in gross profit margins due to varying product costs and sales prices, which could impact overall profitability[45]. Environmental and Social Responsibility - The company generated a total of 2.0359 million kWh from its rooftop photovoltaic power station during the reporting period, resulting in a reduction of approximately 2,030 tons of carbon dioxide emissions[54]. - The company has established a comprehensive environmental management system and obtained certification for its environmental management system, ensuring compliance with relevant laws and regulations[53]. - The company actively promotes employee awareness of environmental protection through training programs focused on energy conservation and emission reduction[53]. - The company has invested in renewable energy technologies, such as intelligent energy storage and V2G charging, to significantly reduce carbon emissions in production[53]. Shareholder Commitments and Governance - The company guarantees that all information disclosed regarding the restructuring is true, accurate, and complete, with no misleading statements or omissions[59]. - The company will ensure that any related party transactions are conducted at fair market prices and will comply with relevant laws and regulations[9]. - The controlling shareholders of the company, Sun Feng and Zeng Hui, have committed to not transferring or entrusting the management of their shares for a period of 36 months from the date of issuance and listing[64]. - The company will take measures to prevent the dilution of immediate returns for shareholders[60]. Accounting and Financial Reporting - The financial statements are prepared in accordance with the relevant accounting standards, reflecting the company's financial position accurately[114]. - The company recognizes significant receivables over CNY 20 million as important accounts receivable, ensuring proper financial management[117]. - The company conducts impairment tests annually for goodwill and intangible assets with indefinite useful lives, recognizing impairment losses when recoverable amounts are less than carrying amounts[161]. - The company recognizes short-term employee compensation as liabilities in the period services are provided, including social insurance and welfare expenses[163].

证券代码：603283 证券简称：赛腾股份 公告编号：2024-045 苏州赛腾精密电子股份有限公司 关于召开 2024 年半年度业绩说明会的公告 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： ● 会议召开时间：2024年08月19日(星期一) 下午 14:00-15:00 ● 会 议 召 开 地 点 ： 上 海 证 券 交 易 所 上 证 路 演 中 心 （ 网 址 ： https://roadshow.sseinfo.com/） 1、会议召开时间：2024 年 08 月 19 日 下午 14:00-15:00 ● 会议召开方式：上证路演中心网络互动 ● 投资者可于2024年08月12日(星期一) 至08月16日(星期五)16:00前登 录 上 证 路 演 中 心 网 站 首 页 点 击 " 提 问 预 征 集 " 栏 目 或 通 过 公 司 邮 箱 zqb@secote.com进行提问。公司将在说明会上对投资者普遍关注的问题进行回 答。 苏州赛腾精密电子股份有限公司（以下简称"公司"）将于2024年8月1 ...

证券代码：603283 证券简称：赛腾股份 公告编号：2024-043 苏州赛腾精密电子股份有限公司 第三届监事会第二十六次会议决议公告 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 该 议 案 具 体 内 容 详 见 公 司 于 同 日 刊 登 在 上 海 证 券 交 易 所 网 站 （www.sse.com.cn）的公告。 特此公告。 苏州赛腾精密电子股份有限公司监事会 2024 年 8 月 9 日 苏州赛腾精密电子股份有限公司(以下简称"公司")第三届监事会第二十六 次会议（以下简称"本次会议"）于 2024 年 8 月 9 日在公司会议室召开。本次 会议的通知于 2024 年 7 月 30 日通过电子邮件方式送达全体监事。本次会议应参 加监事 3 名，实际参加监事 3 名。本次会议的召集、召开方式符合《公司法》及 《苏州赛腾精密电子股份有限公司章程》的规定。 二、监事会会议审议情况 本次会议由监事会主席别远峰先生主持，以记名投票方式审议通过了以下议 案： 1、 审议通过《关于公司 2024 ...

证券代码：603283 证券简称：赛腾股份 公告编号：2024-042 苏州赛腾精密电子股份有限公司 第三届董事会第二十八次会议决议公告 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法律责任。 一、董事会会议召开情况 苏州赛腾精密电子股份有限公司（以下简称"公司"）第三届董事会第二十 八次会议（以下简称"本次会议"）于 2024 年 8 月 9 日在公司会议室召开。本 次会议的通知于 2024 年 7 月 30 日通过电子邮件方式送达全体董事。本次会议应 参加董事 8 名，实际参加表决董事 8 名。本次会议的召集、召开方式符合《公司 法》及《苏州赛腾精密电子股份有限公司章程》的规定。 二、董事会会议审议情况 该议案已经董事会审计委员会审议通过，并同意将此项议案提交公司董事会 审议。 该 议 案 具 体 内 容 详 见 公 司 于 同 日 刊 登 在 上 海 证 券 交 易 所 网 站 （www.sse.com.cn）的公告。 特此公告。 苏州赛腾精密电子股份有限公司董事会 2024 年 8 月 9 日 本次会议由董事长孙丰先生主持，以 ...