Investment Rating - The investment rating for the company is "Buy" (maintained) [1] Core Views - The company achieved a revenue of 3.194 billion yuan in the first three quarters of 2024, representing a year-on-year increase of 21.76%. The net profit attributable to the parent company was 475 million yuan, up 18.99% year-on-year [2] - In Q3 alone, the revenue was 1.563 billion yuan, showing a year-on-year growth of 28.15% and a quarter-on-quarter increase of 82.32%. The net profit for Q3 was 321 million yuan, reflecting a year-on-year increase of 8.53% and a significant quarter-on-quarter rise of 438% [2] - The company has a strong order backlog, with profit forecasts for 2024-2026 set at 840 million, 970 million, and 1.07 billion yuan respectively, corresponding to dynamic P/E ratios of 17, 15, and 14 times [5] Summary by Sections Financial Performance - The company reported a gross margin of 44.69% for the first three quarters of 2024, a slight decrease of 0.12 percentage points year-on-year. The net profit margin was 15.22%, up 0.01 percentage points year-on-year [3] - In Q3, the gross margin was 44.38%, down 5.53 percentage points year-on-year, while the net profit margin was 20.71%, down 3.31 percentage points year-on-year but up 13.50 percentage points quarter-on-quarter due to a significant reduction in the expense ratio [3] Cash Flow and Working Capital - As of the end of Q3 2024, the company's inventory was 1.457 billion yuan, down 8.78% year-on-year, and contract liabilities were 510 million yuan, down 65.31% year-on-year. However, accounts receivable increased by 117% year-on-year to 2.062 billion yuan [4] - The net cash flow from operating activities for Q3 was -256 million yuan, indicating pressure on sales collections, but Q4 is expected to see an acceleration in sales receipts [4] Market Position and Growth Potential - The company is a leader in consumer electronics equipment and is expanding into semiconductor and new energy sectors. The demand for equipment related to periscope cameras and smart glasses is expected to drive growth [5] - The acquisition of Japanese Optima has allowed the company to enter the semiconductor measurement equipment market, enhancing its competitiveness and benefiting from the domestic substitution trend [5]

Investment Rating - The report maintains a "Buy" rating for the company, indicating an expected stock price increase of over 20% relative to the market benchmark within the next six months [16]. Core Views - The company reported a revenue of 3.194 billion yuan for the first three quarters of 2024, representing a year-on-year growth of 21.76%, and a net profit attributable to shareholders of 475 million yuan, up 18.99% year-on-year [1]. - In Q3 2024, the company achieved a revenue of 1.563 billion yuan, reflecting a year-on-year increase of 28.15%, and a net profit of 321 million yuan, which is an 8.53% year-on-year growth [2]. - The application of AI technology in consumer electronics is accelerating, leading to structural opportunities in the 3C and semiconductor equipment sectors, with AI terminal products expected to drive new production line demands and upgrades [2]. - The acquisition of Japan's Optima has enabled the company to enter the wafer inspection equipment market, enhancing its capabilities in monitoring defects in HBM and TSV processes, and securing bulk equipment orders from major semiconductor manufacturers [3]. - The company is projected to achieve net profits of 827 million yuan, 998 million yuan, and 1.145 billion yuan for the years 2024, 2025, and 2026, respectively, with corresponding P/E ratios of 17.6X, 14.6X, and 12.7X, indicating a high valuation cost-effectiveness [4]. Summary by Sections Financial Performance - For the first three quarters of 2024, the company reported a revenue of 3.194 billion yuan and a net profit of 475 million yuan, with respective year-on-year growth rates of 21.76% and 18.99% [1]. - The Q3 2024 results showed a revenue of 1.563 billion yuan and a net profit of 321 million yuan, with year-on-year growth rates of 28.15% and 8.53% [2]. - The company’s sales expense ratio, management expense ratio, and R&D expense ratio for the first three quarters were 10.04%, 7.71%, and 8.55%, showing a decrease compared to the previous year [2]. Market Opportunities - The integration of AI technology in consumer electronics is expected to create new opportunities in the 3C and semiconductor equipment markets, particularly with the rise of AI terminal products [2]. - The company’s strategic acquisition of Optima has positioned it well in the wafer inspection equipment sector, allowing it to gain recognition and orders from leading semiconductor manufacturers [3]. Profit Forecast - The company is expected to achieve net profits of 827 million yuan in 2024, 998 million yuan in 2025, and 1.145 billion yuan in 2026, with P/E ratios indicating strong valuation attractiveness [4].

证券代码：603283 证券简称：赛腾股份 公告编号：2024-069 苏州赛腾精密电子股份有限公司 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11月07日(星期四) 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/） ● 会议召开方式：上证路演中心网络互动 ● 投资者可于2024年10月31日(星期四) 至11月06日(星期三)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10月 31日披露公司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年前三季度经营成果、财务状况，公司计划于2 ...

证券代码：603283 证券简称：赛腾股份 公告编号：2024-067 苏州赛腾精密电子股份有限公司 第四届监事会第二次会议决议公告 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。 1、 审议通过《关于公司 2024 年第三季度报告的议案》 表决结果：3人赞成， 0人反对， 0人弃权，本议案获得通过。 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 10 月 30 日 一、 监事会会议召开情况 苏州赛腾精密电子股份有限公司(以下简称"公司")第四届监事会第二次会 议（以下简称"本次会议"）于 2024 年 10 月 30 日在公司会议室召开。本次会 议的通知于 2024 年 10 月 27 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 ...

证券代码：603283 证券简称：赛腾股份 公告编号：2024-066 苏州赛腾精密电子股份有限公司 第四届董事会第二次会议决议公告 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"）第四届董事会第二次 会议（以下简称"本次会议"）于 2024 年 10 月 30 日在公司会议室召开。本次 会议的通知于 2024 年 10 月 27 日通过电子邮件方式送达全体董事。本次会议应 参加董事 5 名，实际参加表决董事 5 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 本次会议由董事长孙丰先生主持，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 年第三季度报告的议案》 表决结果：5 票同意，0 票反对，0 票弃权，本议案获得通过。 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 ...

Financial Performance - The company's operating revenue for Q3 2024 reached ¥1,562,682,839.48, representing a year-on-year increase of 28.15%[2] - The net profit attributable to shareholders of the listed company was ¥321,003,217.85, with a year-to-date increase of 8.53%[2] - The diluted earnings per share for the current period was ¥1.63, reflecting a 5.16% increase compared to the same period last year[4] - Total operating revenue for the first three quarters of 2024 reached CNY 3,193,838,844.30, a 21.7% increase from CNY 2,623,035,304.24 in the same period of 2023[16] - Net profit for the first three quarters of 2024 was CNY 486,215,977.09, up from CNY 399,631,127.16 in 2023, reflecting a growth of 21.7%[17] - The company achieved an operating profit of CNY 551,055,920.66 for the first three quarters of 2024, compared to CNY 454,128,022.52 in 2023, indicating a growth of 21.4%[17] Assets and Liabilities - The total assets at the end of the reporting period amounted to ¥6,170,724,170.03, marking a 33.52% increase from the previous year[4] - The company's total assets reached approximately CNY 6.17 billion, an increase from CNY 4.62 billion at the end of 2023, representing a growth of about 33.5%[11] - The company's total liabilities increased to CNY 3,210,464,826.53 as of September 30, 2024, compared to CNY 2,378,547,226.88 at the end of 2023, marking a rise of 34.9%[15] - The total equity attributable to shareholders of the parent company reached CNY 2,882,178,834.63, up from CNY 2,177,965,164.57, reflecting a growth of 32.3%[15] Cash Flow - The cash flow from operating activities was reported as not applicable for the current period, with a year-to-date figure of -¥621,925,249.49[2] - The net cash flow from operating activities for the first three quarters of 2024 was -¥621.93 million, a significant decline from ¥934.07 million in the same period of 2023[20] - The company received cash from sales of goods and services amounting to ¥2.03 billion, down from ¥3.37 billion in the previous year, indicating a 39.7% decrease[19] - The net cash flow from investing activities was -¥129.17 million, an improvement compared to -¥453.83 million in the same period of 2023[21] - Cash inflow from financing activities totaled approximately ¥1.12 billion, slightly up from ¥1.09 billion in the previous year[21] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 25,301[8] - The top two shareholders, Sun Feng and Zeng Hui, hold 20.22% and 20.09% of shares, respectively[8] - The company held 3,213,710 shares in its repurchase account, accounting for 1.60% of the total share capital[11] Research and Development - Research and development expenses for the first three quarters of 2024 were CNY 272,987,527.59, compared to CNY 225,549,543.86 in 2023, representing a 21% increase[16] Other Financial Metrics - The company's cash and cash equivalents decreased to CNY 588 million from CNY 619 million, a decline of approximately 5%[11] - The company reported a basic earnings per share of ¥2.44 for the first three quarters of 2024, compared to ¥2.09 in the same period of 2023, reflecting a 16.8% increase[20] - The total comprehensive income attributable to the parent company was approximately ¥473 million, compared to ¥394.69 million in the same period of 2023, marking a 19.9% increase[20] - The company received tax refunds of ¥111.76 million, an increase from ¥74.29 million in the previous year, representing a 50.5% growth[20] - The cash and cash equivalents at the end of the period were ¥517.16 million, down from ¥663.93 million at the end of the same period in 2023, indicating a decrease of 22.0%[21] - The company reported a net increase in cash and cash equivalents of -¥9.89 million for the first three quarters of 2024, contrasting with an increase of ¥209.43 million in the same period of 2023[21]

证券代码：603283 证券简称：赛腾股份 公告编号：2024-063 苏州赛腾精密电子股份有限公司 第四届监事会第一次会议决议公告 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。 2024 年 10 月 25 日 二、监事会会议审议情况 全体监事共同推选监事孙瑶女士主持本次会议，以记名投票方式审议通过了 以下议案： 1、 审议通过《关于选举公司第四届监事会主席的议案》 同意选举孙瑶女士为公司第四届监事会主席，任期自本次监事会会议通过之 日起至本届监事会届满之日止。 表决结果：3人赞成， 0人反对， 0人弃权，本议案获得通过。 特此公告。 苏州赛腾精密电子股份有限公司监事会 一、 监事会会议召开情况 苏州赛腾精密电子股份有限公司(以下简称"公司")第四届监事会第一次会 议（以下简称"本次会议"）于 2024 年 10 月 25 日在公司会议室召开。本次会 议的通知于 2024 年 10 月 25 日通过书面方式送达全体监事，全体监事一致同意 豁免本次监事会的通知时限。本次会议应参加监事 3 名，实际参加监事 3 名，本 次会议 ...

证券代码：603283 证券简称：赛腾股份 公告编号：2024-061 苏州赛腾精密电子股份有限公司关于 回购注销部分激励对象限制性股票并减少注册资本通 知债权人的公告 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。 一、 通知债权人的原由 苏州赛腾精密电子股份有限公司（以下简称 "公司"）于 2024 年 10 月 9 日召开第三届董事会第二十九次会议和第三届监事会第二十七次会议，审议通过 了《关于回购注销部分激励对象已获授但尚未解除限售的限制性股票的议案》、 《关于变更公司注册资本及修订<公司章程>并办理变更登记的议案》。2024 年 10 月 25 日，公司召开 2024 年第二次临时股东大会审议通过了上述议案，根据《苏 州赛腾精密电子股份有限公司 2022 年限制性股票股权激励计划（草案）》、《苏 州赛腾精密电子股份有限公司 2022 年限制性股票股权激励计划实施考核管理办 法》等相关规定，限制性股票激励对象中 12 人离职、6 人因 2023 年度个人绩效 不合格的原因不再具备限制性股票激励对象资格，公司拟回购注销其 ...

上海市锦天城律师事务所 关于苏州赛腾精密电子股份有限公司 2024 年第二次临时股东大会 法律意见书 地址：上海市浦东新区银城中路 501 号上海中心大厦 9/11/12 层 电话：021-20511000 传真：021-20511999 邮编：200120 上海市锦天城律师事务所 法律意见书 上海市锦天城律师事务所 关于苏州赛腾精密电子股份有限公司 2024 年第二次临时股东大会 法律意见书 致：苏州赛腾精密电子股份有限公司 上海市锦天城律师事务所（以下简称本所）接受苏州赛腾精密电子股份有限 公司（以下简称公司）委托，就公司召开 2024 年第二次临时股东大会（以下简 称本次股东大会）的有关事宜，根据《中华人民共和国公司法》（以下简称《公 司法》）、《上市公司股东大会规则》等法律、法规和规范性文件以及《苏州赛腾 精密电子股份有限公司章程》（以下简称《公司章程》）的有关规定，出具本法律 意见书。 为出具本法律意见书，本所及经办律师依据《律师事务所从事证券法律业务 管理办法》和《律师事务所证券法律业务执业规则》等规定，严格履行了法定职 责，遵循了勤勉尽责和诚实信用原则，对本次股东大会所涉及的相关事项进行了 必要 ...

一、 公司第四届董事会组成情况 第四届董事会成员：孙丰先生、娄洪卫先生、肖雪女士、陈来生先生、曾全 先生；其中孙丰先生为董事长，陈来生先生、曾全先生为独立董事。 第四届董事会专门委员会成员： 证券代码：603283 证券简称：赛腾股份 公告编号：2024-064 苏州赛腾精密电子股份有限公司 关于董事会、监事会完成换届选举及聘任高级管理人 员、证券事务代表的公告 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。 苏州赛腾精密电子股份有限公司(以下简称"公司")于 2024 年 10 月 25 日 在公司会议室召开了 2024 年第二次临时股东大会，审议通过了《关于选举公司 第四届董事会董事的议案》、《关于选举公司第四届董事会独立董事的议案》及《关 于选举公司第四届监事会监事的议案》。在股东大会完成董事会、监事会换届选 举后，于同日召开了第四届董事会第一次会议和第四届监事会第一次会议，分别 审议通过了《关于选举公司第四届董事会董事长的议案》、《关于选举第四届董事 会专门委员会成员的议案》、《关于聘任公司总经理的议案》、《关于聘任公 ...