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活力中国调研行|“隐形冠军”背靠中国市场心不慌
Core Viewpoint - The company, Huqin Technology, has achieved significant growth, reporting a revenue of 83.9 billion yuan in the first half of 2025, marking a 113% increase, and aims to become a global top 500 company within five years [1][2]. Group 1: Company Overview - Huqin Technology, founded in 2005, has quickly risen to become one of China's top 500 companies, leveraging the vast domestic market [1]. - The company has invested 2.96 billion yuan in research and development in the first half of 2025 [1]. Group 2: Business Strategy - The company has developed a "3+N+3" strategic layout, with the first "3" representing its three core businesses: smartphones, laptops, and data centers [3]. - The "N" signifies a diverse product portfolio derived from the core businesses, while the second "3" focuses on emerging fields: robotics, software, and automotive electronics [3][4]. Group 3: Future Growth and Development - Each of the core businesses is expected to reach a scale of 100 billion yuan, while the emerging fields are seen as long-term growth opportunities [4]. - Huqin Technology has been laying the groundwork in robotics, software, and automotive electronics for 6-7 years, emphasizing the importance of a solid R&D foundation for future development [4]. Group 4: R&D and Talent Acquisition - The company employs approximately 17,000 R&D personnel, with its Shanghai headquarters serving as the primary R&D center, benefiting from a rich talent pool and favorable government support [5]. - Huqin has established additional R&D centers in Dongguan, Nanchang, Xi'an, and Wuxi, with overseas manufacturing bases in Vietnam, Mexico, and India [5]. - The company has launched an X-Lab dedicated to cutting-edge research, focusing on optical components and technologies relevant to VR and AR products [5].
华勤技术股价涨5.05%,永赢基金旗下1只基金重仓,持有6.62万股浮盈赚取28.14万元
Xin Lang Cai Jing· 2025-09-11 03:23
Group 1 - The core viewpoint of the news is the performance and market position of Huqin Technology, which saw a stock price increase of 5.05% to 88.49 CNY per share, with a total market capitalization of 898.84 billion CNY [1] - Huqin Technology specializes in the research, design, production, and operation services of smart hardware products, with revenue composition as follows: high-performance computing 60.32%, smart terminals 31.93%, AIOT and others 3.95%, others 2.56%, and automotive and industrial products 1.24% [1] - The fund "Yongying Huitianying One-Year Mixed" holds a significant position in Huqin Technology, with 66,200 shares, accounting for 3.9% of the fund's net value, ranking as the seventh largest holding [2] Group 2 - The fund manager of "Yongying Huitianying One-Year Mixed" is Xu Tuo, who has been in the position for 4 years and 328 days, with the fund's total asset scale at 3.752 billion CNY [3] - The fund has achieved a year-to-date return of 50.26%, ranking 580 out of 8175 in its category, and a one-year return of 70.61%, ranking 1230 out of 7982 [2]
华勤技术股份有限公司 2025年第二次临时股东大会决议公告
Core Points - The company held its second extraordinary general meeting of shareholders on September 10, 2025, in Shanghai, with all resolutions passed without any objections [2][3] - The meeting was chaired by the company's chairman, Mr. Qiu Wensheng, and complied with relevant laws and regulations [2][3] Meeting Attendance - All 9 current directors and 3 supervisors attended the meeting, along with the board secretary and other senior management [3] Resolutions Passed - The following key resolutions were approved: - Change of registered capital and amendments to the company's articles of association [4] - Establishment and revision of various internal governance systems, including: - Director resignation management system - Independent director work system - External investment management system - External guarantee management system - Related party transaction management system - Fund-raising management system - Compensation management system for directors and senior management [5][6] - Issuance of overseas listed shares (H-shares) and listing on the Hong Kong Stock Exchange [6][8] - Authorization for the board of directors to handle matters related to the issuance of H-shares [8][10] - Approval of the use of funds raised from the H-share issuance [10] Legal Witness - The meeting was witnessed by Beijing Zhonglun Law Firm, with lawyers providing legal opinions on the proceedings [11]
华勤技术股份有限公司2025年第二次临时股东大会决议公告
Meeting Overview - The second extraordinary general meeting of shareholders was held on September 10, 2025, at the company's global R&D center in Shanghai [2] - The meeting was convened by the board of directors and chaired by Chairman Qiu Wensheng, with all procedures complying with relevant laws and the company's articles of association [2][3] Attendance - All 9 current directors and 3 supervisors attended the meeting, along with the board secretary and other senior management [3] Resolutions Passed - The following key resolutions were approved: - Change of registered capital and amendments to the company's articles of association and related rules [4] - Various internal governance systems, including: - Director resignation management system - Independent director work system - External investment management system - External guarantee management system - Related party transaction management system - Fund-raising management system - Director and senior management compensation management system - Cumulative voting system implementation details - Prevention of fund occupation by controlling shareholders and related parties management system - Accountant firm selection system [5][6] - Approval for the issuance of overseas listed shares (H shares) and listing on the Hong Kong Stock Exchange [6][8] - Authorization for the board of directors to handle matters related to the issuance of H shares [8][10] - Approval of the profit distribution plan prior to the public issuance of H shares [8][10] Legal Verification - The meeting was witnessed by Beijing Zhonglun Law Firm, confirming that the meeting's procedures and resolutions were in compliance with the law and the company's regulations [11]
华勤技术(603296) - 华勤技术公司章程(2025年9月修订)
2025-09-10 10:16
华勤技术股份有限公司 章 程 华勤技术股份有限公司章程 | | | | 第一章 | 总则 1 | | --- | --- | | 第二章 | 经营宗旨和范围 2 | | 第三章 | 股份 2 | | 第一节 | 股份发行 2 | | 第二节 | 股份增减和回购 4 | | 第三节 | 股份转让 6 | | 第四章 | 股东和股东会 7 | | 第一节 | 股东的一般规定 7 | | 第二节 | 控股股东和实际控制人 9 | | 第三节 | 股东会的一般规定 11 | | 第四节 | 股东会的召集 15 | | 第五节 | 股东会的提案与通知 16 | | 第六节 | 股东会的召开 18 | | 第七节 | 股东会的表决和决议 21 | | 第五章 | 董事和董事会 25 | | 第一节 | 董事的一般规定 25 | | 第二节 | 董事会 29 | | 第三节 | 独立董事 33 | | 第四节 | 董事会专门委员会 36 | | 第六章 | 高级管理人员 38 | | 第七章 | 财务会计制度、利润分配和审计 40 | | 第一节 | 财务会计制度 40 | | 第二节 | 内部审计 46 | | 第三节 ...
华勤技术(603296) - 北京市中伦律师事务所关于华勤技术股份有限公司2025年第二次临时股东大会的法律意见书
2025-09-10 10:15
北京市中伦律师事务所 关于华勤技术股份有限公司 北京市中伦律师事务所 关于华勤技术股份有限公司 2025 年第二次临时股东大会的 法律意见书 二〇二五年九月 北京 • 上海 • 深圳 • 广州 • 武汉 • 成都 • 重庆 • 青岛 • 杭州 • 南京 • 海口 • 东京 • 香港 • 伦敦 • 纽约 • 洛杉矶 • 旧金山 • 阿拉木图 Beijing • Shanghai • Shenzhen • Guangzhou • Wuhan • Chengdu • Chongqing • Qingdao • Hangzhou • Nanjing • Haikou • Tokyo • Hong Kong • London • New York • Los Angeles • San Francisco • Almaty 2025 年第二次临时股东大会的 法律意见书 致:华勤技术股份有限公司 根据《中华人民共和国公司法》(以下简称《公司法》)、《中华人民共和国证 券法》、中国证券监督管理委员会发布的《上市公司股东会规则》(以下简称《股 东会规则》)等规定,北京市中伦律师事务所(以下简称"本所")接受华勤技 术股份有限 ...
华勤技术(603296) - 华勤技术2025年第二次临时股东大会决议公告
2025-09-10 10:15
证券代码:603296 证券简称:华勤技术 公告编号:2025-091 华勤技术股份有限公司 2025年第二次临时股东大会决议公告 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。 重要内容提示: 一、 会议召开和出席情况 (一)股东大会召开的时间:2025 年 09 月 10 日 (二)股东大会召开的地点:上海市浦东新区绿科路 699 号华勤全球研发中心会议 室 (三)出席会议的普通股股东和恢复表决权的优先股股东及其持有股份情况: | 1、出席会议的股东和代理人人数 | 422 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数(股) | 783,081,828 | | 3、出席会议的股东所持有表决权股份数占公司有表决权股 | | | 份总数的比例(%) | 77.3195 | (四)表决方式是否符合《公司法》及《公司章程》的规定,大会主持情况等。 本次股东大会由华勤技术股份有限公司(以下简称"公司")董事会召集, 董事长邱文生先生主持会议。本次股东大会的召集、召开程序及表决方式符合《中 华人民共和国 ...
证券代码:603296 证券简称:华勤技术 公告编号:2025-090
华勤技术股份有限公司(以下简称"公司")于2025年8月22日召开第二届董事会第十八次会议、第二届 监事会第十五次会议,审议通过了《关于2023年限制性股票激励计划预留授予部分第一个解除限售期解 除限售条件成就的议案》,同意公司为符合2023年限制性股票激励计划(以下简称"本激励计划"或"激 励计划")预留授予部分第一个解除限售期解除限售条件的29名激励对象办理解除限售相关事宜,本次 可解除限售数量为187,881股,占目前公司总股本的0.0185%。现将有关事项说明如下: 一、本激励计划的批准及实施情况 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、准确性和完整性依法承担法律责任。 重要内容提示: ● 本次股票上市类型为股权激励股份;股票认购方式为网下,上市股数为187,881股。 本次股票上市流通总数为187,881股。 ● 本次股票上市流通日期为2025年9月12日。 1、2023年12月12日,公司召开第二届董事会薪酬与考核委员会第一次会议、第二届董事会第二次会议 和第二届监事会第二次会议,审议通过了《关于〈公司2023年限制性股票激励计划(草案 ...
华勤技术(603296) - 华勤技术关于2023年限制性股票激励计划预留授予部分第一个解除限售期解除限售暨上市的公告
2025-09-08 09:31
证券代码:603296 证券简称:华勤技术 公告编号:2025-090 华勤技术股份有限公司 关于 2023 年限制性股票激励计划预留授予部分 第一个解除限售期解除限售暨上市的公告 重要内容提示: 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、准确性和完整性依法承担法律责任。 本次股票上市流通总数为187,881股。 本次股票上市流通日期为2025 年 9 月 12 日。 华勤技术股份有限公司(以下简称"公司")于 2025 年 8 月 22 日召开第二届 董事会第十八次会议、第二届监事会第十五次会议,审议通过了《关于 2023 年限 制性股票激励计划预留授予部分第一个解除限售期解除限售条件成就的议案》,同 意公司为符合 2023 年限制性股票激励计划(以下简称"本激励计划"或"激励计 划")预留授予部分第一个解除限售期解除限售条件的 29 名激励对象办理解除限 售相关事宜,本次可解除限售数量为 187,881 股,占目前公司总股本的 0.0185%。 现将有关事项说明如下: 一、本激励计划的批准及实施情况 1、2023 年 12 月 12 日,公司召开 ...
华勤技术-2025 年亚洲领袖会议 - 数据中心业务保持强劲;智能手机 ODM 渗透率上升
2025-09-08 04:11
Summary of Huaqin Technology (603296.SS) Conference Call Company Overview - **Company**: Huaqin Technology (603296.SS) - **Event**: Asia Leaders Conference 2025 - **Date**: September 4, 2025 - **Rating**: Buy (on CL) Key Points 1. Data Center Business - Management is optimistic about the data center business, driven by increasing AI infrastructure demand in China - Huaqin aims to maintain its market-leading position due to its experience in AI infrastructure manufacturing and successful partnerships with major Chinese CSPs - Continued investment in R&D for AI servers, including: - Various chipset platforms - Liquid cooling solutions and vertical power supply systems - Expected revenue mix from data center business to rise from 21% in 2024 to 56% in 2028E, supported by diversified product lines and strong R&D capabilities [2][1] 2. Legacy Business (PC and Smartphone ODM) - Huaqin remains positive about its legacy business, citing: - Stable market share and increasing penetration in smartphone ODM - Entry into new global-tier consumer electronics PC supply chains, which may enhance market share - Anticipated growth in legacy business will support overall company growth, driven by: - Accumulated experience in consumer electronics ODM - Improved operational profit margins due to rising business scale - Established partnerships with global-tier consumer electronics brands [3][6] 3. Capital Expenditure (Capex) and Operating Expenditure (Opex) Outlook - Capex for 2024 is projected to increase by 41% YoY to Rmb2.1 billion - Management expects capex to continue rising in 2025 and remain elevated in subsequent years to support growth in consumer electronics, data centers, automotive electronics, and AIoT - Despite increased R&D investments, the overall opex ratio is expected to decrease in the long run as revenues scale up - Projected earnings growth at a 27% CAGR from 2025 to 2028E, driven by revenue growth across diversified product lines and disciplined cost control [7][1] 4. Valuation and Price Target - 12-month price target set at Rmb124, based on a target 2026E P/E multiple of 23.9x - Target P/E derived from correlation between P/E and EPS growth of peers - Key risks include: - Slower-than-expected ramp-up of AI server production in China - Delays in production site diversification - Increased pricing competition [8][9] 5. Financial Projections - Market cap: Rmb89.4 billion / $12.5 billion - Revenue projections: - 2024: Rmb109.9 billion - 2025E: Rmb162.0 billion - 2026E: Rmb224.4 billion - 2027E: Rmb276.3 billion - EBITDA projections: - 2024: Rmb3.3 billion - 2025E: Rmb5.1 billion - 2026E: Rmb6.5 billion - 2027E: Rmb8.4 billion - EPS projections: - 2024: Rmb2.88 - 2025E: Rmb3.99 - 2026E: Rmb5.19 - 2027E: Rmb6.56 [9][1] Additional Insights - Huaqin's disciplined cost control and operational efficiency are crucial for sustaining earnings growth - The company is well-positioned to capitalize on the growing demand for AI and consumer electronics, with a strong focus on R&D and strategic partnerships [7][1]