格隆汇8月4日丨龙旗科技(603341.SH)公布，截至2025年7月31日，公司通过集中竞价交易方式已累计回 购股份749.99万股，已回购股份占公司总股本的比例为1.60%，回购成交的最高价为42.49元/股、最低价 为37.55元/股，已支付的资金总额为3亿元（不含交易费用）。 ...

Investment Rating - The report assigns a "Buy" rating for the company, marking its first coverage [10]. Core Insights - The company is positioned as a leading ODM in the smartphone sector, with a strategic focus on expanding its product offerings and customer base, aiming to become the world's largest smartphone ODM by 2024 [4][8]. - The "1+2+X" strategy is being effectively implemented, with the company diversifying its product lines to include tablets, smart wearables, AIPC, AI glasses, and automotive electronics, which are expected to drive significant revenue growth [6][20]. - The demand for AI-enabled devices is anticipated to sustain high growth, with AI smartphones and AI glasses emerging as key growth areas, benefiting the company's market position [7][51]. Summary by Sections Company Overview - The company has over 20 years of experience in the ODM industry, evolving from IDH for feature phones to a comprehensive ODM model for various consumer electronics [6][20]. - The company has established a solid foundation in smartphone manufacturing, contributing to 78% of its revenue, while AIoT and tablets are becoming significant revenue streams [20]. Strategic Development - The "1+2+X" strategy focuses on smartphones as the core, while expanding into tablets and AIoT, with successful ventures into AIPC and AI glasses [6][20]. - The company aims for a revenue CAGR of approximately 10% and a net profit CAGR of around 20% from 2025 to 2028, reflecting confidence in its growth trajectory [29]. Market Position and Trends - The ODM industry is characterized by increasing technical barriers and a concentration of market share among leading players, with the company expected to benefit from these trends [7][8]. - The AI glasses market is projected to experience exponential growth, with the company positioned to capitalize on this trend through partnerships with major clients [62][68]. Financial Performance - The company experienced a significant revenue increase of 71% in 2024, although net profit declined by 17.21% due to rising raw material costs and intensified competition [33]. - The gross margin is expected to recover as raw material prices stabilize, with a projected gross margin of 7.45% in Q1 2025, indicating a positive trend [35]. Industry Dynamics - The ODM sector is witnessing a shift towards AI-enabled products, which are expected to drive demand and enhance the competitive landscape for leading ODM firms [51][55]. - The report highlights the importance of cost management and supply chain efficiency in maintaining profitability amid fluctuating raw material prices [78][81].

Group 1 - The core strategy of the company is the "1+2+X" approach, focusing on smartphones while expanding into tablets, smart wearables, and emerging sectors like AIPC and AI glasses [1] - The company has over 20 years of experience in the intelligent terminal ODM industry, evolving from feature phone IDH to a comprehensive ODM model [1] - The company aims for an average annual revenue growth of approximately 10% and a net profit growth of about 20% from 2025 to 2028 [1] Group 2 - AI is driving innovation in the intelligent terminal sector, with AI smartphones and AIPC serving as key platforms for human-computer interaction [2] - The ODM industry is seeing an increase in market share for leading companies, with a focus on cost control and a more diverse range of products [2] - The gross margin of the ODM industry is significantly affected by fluctuations in upstream raw material prices, with a recovery expected starting from Q4 2024 [2] Group 3 - The company is set to become the largest mobile ODM manufacturer globally by 2024, with a significant recovery in gross margins expected [3] - The company has established a strong position in the AI glasses market, with over 2 million units shipped to major clients by 2024 [3] - The company is expanding its presence in the automotive electronics sector, producing smart control screens and wireless charging products for both domestic and international clients [3]

Group 1 - On August 1, Dragon Flag Technology had a financing buy-in amount of 0.25 billion yuan, ranking 634th in the two markets [1] - The financing repayment amount for the same day was 1.29 billion yuan, resulting in a net sell-out of 104.05 million yuan [1] - Over the last three trading days, from July 30 to August 1, Dragon Flag Technology received financing buy-ins of 0.24 billion yuan, 0.22 billion yuan, and 0.25 billion yuan respectively [1] Group 2 - On the same day, the company had a bond sell-out of 0.00 thousand shares, with a net buy-in of 0.04 thousand shares [1]

两融数据显示，该股最新融资余额为3.65亿元，近5日增加4918.95万元，增幅为15.57%。（数据宝） 8月1日龙旗科技大宗交易一览 | 成交量 | 成交金额 （万元） | 成交价格 | 相对当日收盘折 溢价（%） | 买方营业部 | 卖方营业部 | | --- | --- | --- | --- | --- | --- | | （万股） | | （元） | | | | | 312.56 | 11167.77 | 35.73 | -10.88 | 华泰证券股份有限公 | 华泰证券股份有限公 | | | | | | 司云南分公司 | 司云南分公司 | | 126.37 | 4515.20 | 35.73 | -10.88 | 华泰证券股份有限公 | 华泰证券股份有限公 | | | | | | 司云南分公司 | 司云南分公司 | 注：本文系新闻报道，不构成投资建议，股市有风险，投资需谨慎。 （文章来源：证券时报网） 龙旗科技8月1日大宗交易平台共发生2笔成交，合计成交量438.93万股，成交金额1.57亿元。成交价格均 为35.73元，相对今日收盘价折价10.88%。 进一步统计，近3个月内该股累计发生34笔 ...

龙旗科技7月31日大宗交易平台出现一笔成交，成交量499.82万股，成交金额1.80亿元，大宗交易成交价 为36.08元，相对今日收盘价折价9.12%。该笔交易的买方营业部为华泰证券股份有限公司云南分公司， 卖方营业部为华泰证券股份有限公司云南分公司。 进一步统计，近3个月内该股累计发生34笔大宗交易，合计成交金额为5.95亿元。 证券时报·数据宝统计显示，龙旗科技今日收盘价为39.70元，下跌0.95%，日换手率为2.19%，成交额为 2.35亿元，全天主力资金净流出341.82万元，近5日该股累计下跌1.22%，近5日资金合计净流入90.37万 元。 两融数据显示，该股最新融资余额为3.64亿元，近5日增加7641.31万元，增幅为26.58%。（数据宝） 7月31日龙旗科技大宗交易一览 | 成交量 | 成交金额 | 成交价格 | 相对当日收盘折 | 买方营业部 | 卖方营业部 | | --- | --- | --- | --- | --- | --- | | （万股） | （万元） | （元） | 溢价（%） | | | | 499.82 | 18033.51 | 36.08 | -9.12 | 华泰证 ...

7月31日，龙旗科技大宗交易成交499.82万股，成交额1.8亿元，占当日总成交额的43.47%，成交价36.08 元，较市场收盘价39.7元折价9.12%。 ...

Group 1 - The company will hold its fifth extraordinary general meeting of shareholders on August 14, 2025 [2][10] - The meeting will utilize a combination of on-site and online voting methods [2][3] - The on-site meeting will take place at the company's conference room located at 401 Caobao Road, Xuhui District, Shanghai [2][10] Group 2 - The online voting system will be the Shanghai Stock Exchange's shareholder meeting online voting system, available from 9:15 AM to 3:00 PM on the day of the meeting [3][4] - Shareholders must register to attend the meeting, with specific procedures outlined for both individual and corporate shareholders [13][15] - There are no special resolutions or related party voting issues for this meeting [12]

证券日报网讯7月29日晚间，龙旗科技（603341）发布公告称，公司将于2025年8月14日召开2025年第五 次临时股东会。本次股东会将审议《关于制定公司于H股发行上市后生效的公司内部治理制度的议 案》。 ...

证券代码：603341 证券简称：龙旗科技 公告编号：2025-082 上海龙旗科技股份有限公司 关于召开2025年第五次临时股东会的通知 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、 召开会议的基本情况 (一) 股东会类型和届次 2025年第五次临时股东会 召开的日期时间：2025 年 8 月 14 日 14 点 00 分 召开地点：上海市徐汇区漕宝路 401 号 1 号楼公司会议室 (五) 网络投票的系统、起止日期和投票时间。 网络投票系统：上海证券交易所股东会网络投票系统 网络投票起止时间：自2025 年 8 月 14 日 至2025 年 8 月 14 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 股东会召开日期：2025年8月14日 本次股东会采用的网络投票系统：上海证券交易所股东会网络投票系统 (二) 股东会召集人：董事会 (三) 投票方式：本次股东会所采用的表决方式是现场投票和网络投票相结合 的方式 (四) 现场会议召开的日期、时间和地点 东会召开当日的交易时间段， ...