证券代码：603296 证券简称：华勤技术 公告编号：2024-022 华勤技术股份有限公司 关于召开 2023 年年度暨 2024 年第一季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 4 月 29 日(星期一) 上午 10:00-11:00 ● 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：上证路演中心视频录播和网络互动 ●投资者可于 2024 年 4 月 22 日(星期一) 至 4 月 28 日(星期日)16:00 前登录上证路演中心网站首页点击"提问预征集"栏目或通过华勤技术股份有限 公司（以下简称"公司"）邮箱 ir@huaqin.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。 公司将于 2024 年 4 月 25 日发布公司 2023 年年度报告、2024 年第一季 度报告，为便于广大投资者更全面深入 ...

公司研究 | 首次报告 华勤技术 603296.SH 智能硬件 ODM 全球龙头，AI 赋能多品类 买入（首次） 股价（2024年04月01日） 76.4元 共生成长 目标价格 110.76元 52周最高价/最低价 85.25/50.85元 总股本/流通A股（万股） 72,580/5,953 A股市值（百万元） 55,451 核心观点 国家/地区 中国 行业 电子 ⚫ 智能硬件平台型 ODM 龙头企业，多品类智能硬件共生发展。公司深耕智能硬件 报告发布日期 2024年04月02日 ODM行业十余年，现已成为全球手机ODM龙头企业，23H1占据全球3成份额，同 时笔记本 ODM 业务正快速突破台湾厂商份额，服务器 ODM 业务也在快速崛起， 23Q3公司非手机业务营收占比已至7成。在多品类终端持续贡献增长动能的布局下 1周 1月 3月 12月 绝对表现 2.33 4.23 -4.37 公司实现业绩高增，2019-2022 营收 CAGR 38%，利润 CAGR 高达 72%。未来 相对表现 0.35 2.6 -9.17 “2+N+3”（“智能手机+笔记本电脑”+“消费类电子产品”+“企业级数据中心产 沪深300 ...

关于以集中竞价交易方式回购公司股份的进展公告 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： | 回购方案首次披露日 | 2024/2/19 | | --- | --- | | 回购方案实施期限 | 2024 年 2 月 18 日~2025 年 2 月 17 日 | | 预计回购金额 | 30,000 万元~40,000 万元 | | 回购用途 | 用于员工持股计划或股权激励 | | 累计已回购股数 | 119.89 万股 | | 累计已回购股数占总股本比例 | 0.1652% | | 累计已回购金额 | 8,630.90 万元 | | 实际回购价格区间 | 65.50 元/股~78.31 元/股 | 一、 回购股份的基本情况 证券代码：603296 证券简称：华勤技术 公告编号：2024-021 华勤技术股份有限公司 公司于 2024 年 2 月 18 日召开第二届董事会第四次会议，审议通过了《关于 以集中竞价交易方式回购公司股份方案的议案》，同意公司使用不低于人民币 3 亿 元（含）且不超过人民币 4 亿元 ...

证券代码：603296 证券简称：华勤技术 华勤技术股份有限公司 投资者关系活动记录表 记录表编号：2024-003 √特定对象调研 □分析师会议 □媒体采访 □业绩说明会 投资者关系活动 □新闻发布会 □路演活动 类别 □现场参观 √其他 （电话会议、线上视频会议） 招商基金、富国基金、博时基金、鹏华基金、景顺长城基 金、圆信永丰基金、淳厚基金、华能贵诚信托、华能信托、 人保养老、方正人寿、LyGH Capital、泰康（香港）、海通 参与单位名称 证券、国海证券、华创证券、西南证券、国金证券、国泰君 （排名不分先 安、东吴证券、中信建投、招商证券、新华资产、信达证 后） 券、非马投资、混沌投资、上海任行投资、亘曦资产、上海 格传私募基金、上海至顺资产管理、睿亿投资、明涧投资、 上海宁涌富私募、犁得尔 时间 2024年3月12日至2024年3月21日 ...

Investment Rating - The report assigns a "Buy" rating for the company, with a target price of 91.21 CNY based on a 22x PE for 2024 [6][11]. Core Viewpoints - The company has transformed from a mobile IDH business to a leading global ODM enterprise, expanding its product categories from feature phones to smartphones, tablets, laptops, smart wearables, and AIoT products [2][17]. - The rise of AI technology is expected to drive significant growth in the consumer electronics sector, with a notable recovery in the PC market and robust development in data centers and automotive electronics [3][4]. - The ODM industry is increasingly focusing on leading players, with the company leveraging its strong product quality, R&D capabilities, and efficient operations to capture market share [4][10]. Summary by Sections Company Overview - Established in 2005, the company has evolved from an IDH model to a comprehensive ODM model, now offering a wide range of smart hardware products [17][18]. - The company has established stable partnerships with major global brands such as Samsung, OPPO, and Xiaomi, achieving over 200 million units shipped in 2021, ranking first in the global smart hardware ODM/IDH industry [2][17]. Market Trends - The ODM model is becoming the manufacturing trend in the smartphone industry, with an expected increase in penetration rates from 37% in 2023 to 40% in 2025 [9][10]. - The global smartphone ODM market is projected to grow, with the company maintaining a market share of 28% in the smartphone sector [9][10]. Financial Performance - The company’s revenue is forecasted to grow from 85.13 billion CNY in 2023 to 112.09 billion CNY in 2025, with corresponding net profits of 2.68 billion CNY and 3.42 billion CNY respectively [5][6]. - The company’s PE ratios are projected to decrease from 20.6 in 2023 to 16.2 in 2025, indicating potential for valuation improvement [5][6]. Investment Thesis - The company is expected to benefit from the increasing adoption of the ODM model, the expansion of its product portfolio, and the growth of its non-mobile business segments, which will enhance its long-term growth prospects [10][11]. - The anticipated recovery in the consumer electronics market, driven by AI advancements and new product launches, is expected to further support the company's growth trajectory [3][11].

中国国际金融股份有限公司 关于华勤技术股份有限公司 2023 年度持续督导现场检查报告 上海证券交易所： 经中国证券监督管理委员会（以下简称"中国证监会"）《关于同意华勤技术股份有 限公司首次公开发行股票注册的批复》（证监许可[2023]1340号）核准，华勤技术股份 有限公司（以下简称"华勤技术"或"公司"）首次公开发行人民币普通股（A股）72,425,241 股，发行价格为每股80.80元，募集资金总额为人民币585,195.95万元，扣除发行费用约 12,127.59万元后，募集资金净额为573,068.36万元。本次发行证券已于2023年8月8日在 上海证券交易所上市。中国国际金融股份有限公司（以下简称"中金公司"或"保荐机 构"）担任华勤技术持续督导的保荐机构，持续督导期间为2023年8月8日至2025年12 月31日。 根据《证券发行上市保荐业务管理办法》《上海证券交易所上市公司自律监管指引 第1号——规范运作》《上海证券交易所上市公司自律监管指引第11号——持续督导》 《上市公司监管指引第2号——上市公司募集资金管理和使用的监管要求》等有关法律、 法规和规范性文件的要求，中金公司于2024年3月 ...

Investment Rating - The investment rating for the company is "Buy" [1] Core Insights - The company, Huqin Technology (603296.SH), has a strong foundation in the smartphone and computer sectors while expanding into servers and automotive electronics [1] - The company has established itself as a leading multi-category smart hardware ODM manufacturer, focusing on smartphones, laptops, tablets, AIoT products, and servers [12][38] - The company aims to leverage its strong R&D, manufacturing, supply chain, and quality control capabilities to enhance its product offerings [12] Company Development Trajectory and Strategy - Huqin Technology was founded in 2005 and has evolved from an IDH business model to an ODM model, expanding its product range significantly over the years [7] - The company has achieved a 28% market share in global smartphone ODM shipments in 2022, ranking it among the top players in the industry [7] - The company has established overseas manufacturing bases and a global R&D headquarters, enhancing its operational capabilities [7] Business Segment Overview - The company's revenue structure is primarily composed of smartphones, laptops, and tablets, which accounted for over 90% of total revenue from 2018 to 2022 [10] - As of Q3 2023, smartphone revenue accounted for 33.5% of total revenue, while server revenue has rapidly increased to 16.5% [10][12] - The company is focusing on expanding its presence in emerging markets such as AIoT and automotive electronics [10] Competitive Assessment - The company has a clear competitive advantage in the ODM market, with a significant increase in market share due to partnerships with major brands like Samsung and Xiaomi [27] - The smartphone ODM market has seen increasing concentration, with the top three players holding a combined market share of 76% [27] - The company has maintained a competitive gross margin, although it remains lower than some peers in the industry [42] Financial Performance Evaluation - The company's total revenue for 2020-2023 H1 was reported at 598.66 billion, 837.59 billion, 926.46 billion, and 396.98 billion respectively [42] - The gross margin for the same period was 9.9%, 7.7%, 9.8%, and 11.7%, indicating fluctuations influenced by raw material costs [42] - The net profit margin has shown slight improvements, with figures of 3.7%, 2.2%, 2.7%, and 3.2% for the respective years [42] Employee Management - The company has implemented employee stock ownership plans to enhance retention and motivation among key personnel [46] - The average salary for employees has been consistently higher than industry peers, contributing to a strong performance in revenue generation per employee [46][52]

Group 1: Server Business Growth - The company's server business revenue grew by 670% in Q3 2023, driven by a strong demand for AI servers and a comprehensive product portfolio [2][3] - The company expects to secure more server orders in 2024, particularly for next-generation GPU-based AI servers [3] Group 2: Automotive Electronics - The company has established over 20 collaborations with domestic automotive manufacturers, focusing on smart cockpit and connected vehicle products [4] - The automotive electronics business is expected to see significant growth as the company expands its partnerships and product offerings [4] Group 3: Laptop Business - The company has broken the monopoly of Taiwanese competitors in the laptop market, achieving annual sales of over 10 million units [5] - The development of AIPC (AI PC) is anticipated to enhance product design and increase market share [5] Group 4: Smartphone Business - The company is projected to maintain steady growth in its smartphone business in 2024, with an increasing ODM penetration rate [6] - Recent reports suggest the company has received orders for over 100 million smartphones, indicating strong market demand [6] Group 5: Smart Wearables - Smart wearables accounted for 3.12% of total revenue in the first three quarters of 2023, with a focus on TWS earbuds and smartwatches [6] - The company leverages its ODM leadership to enhance market share in the smart wearables segment [6] Group 6: VR/AR/XR Development - The company has established end-to-end capabilities in VR/AR development and manufacturing, achieving breakthroughs with global clients [6] - Expectations for XR product growth are optimistic, with plans to expand core customer relationships [6] Group 7: Core Competencies - The company’s core competencies include efficient operations, advanced R&D capabilities, and strong manufacturing processes [7] - Currently, 40% of the structural components for smartphones are self-supplied, enhancing cost competitiveness [7]

证券代码：603296 证券简称：华勤技术 公告编号：2024-020 华勤技术股份有限公司 关于以集中竞价交易方式回购公司股份的进展公告 一、董事会会议召开情况 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、准确性和完整性承担法律责任。 根据《上市公司股份回购规则》《上海证券交易所上市公司自律监管指引第 7 号—回购股份》等相关规定，在回购股份期间，上市公司应当在每个月的前 3 个交易日内，公告截至上月末的回购进展情况。现将公司回购股份的进展情况公 告如下： 2024年2月，公司通过集中竞价交易方式已累计回购公司股份515,916股，占 公司总股本的比例为0.071%。回购的最高成交价格为67.38元/股，最低成交价格 为65.50元/股,已累计支付的总金额为34,444,306.43元（不含交易费用）。 截至2024年2月29日，公司通过集中竞价交易方式已累计回购公司股份 515,916股，占公司总股本的比例为0.071%。回购的最高成交价格为67.38元/股， 最低成交价格为65.50元/股,已累计支付的总金额为34,444,306.43元（不含交 ...

中国国际金融股份有限公司 关于华勤技术股份有限公司 使用自有资金进行现金管理的核查意见 中国国际金融股份有限公司（以下简称"中金公司"或"保荐机构"）作为华勤技术 股份有限公司（以下简称"华勤技术"或"公司"）首次公开发行股票并在主板上市的保 荐机构，根据《证券发行上市保荐业务管理办法》《上海证券交易所股票上市规则》《上 海证券交易所上市公司自律监管指引第 1 号——规范运作》等相关法律、法规和规范性 文件的规定，对公司使用自有资金进行现金管理的事项进行了核查，具体情况如下： 一、现金管理概况 （一）现金管理目的 为提高公司自有资金使用效率，在不影响公司正常经营的情况下，公司及子公司 将合理利用部分闲置自有资金进行现金管理，增加资金收益，为公司及股东获取投资 回报。 （二）资金来源 自有资金。 （三）投资金额 公司及子公司拟使用闲置自有资金不超过人民币 200,000.00 万元进行现金管理。 在上述额度及有效期内，资金可循环滚动使用。 （四）投资方式 公司及子公司将按照相关规定严格控制风险，使用闲置自有资金投资的产品品种 为安全性高、流动性好、风险等级较低的银行理财、银行结构性存款、券商理财、信 托理财等投 ...