Audit Opinion - The audit opinion states that the financial statements of Jiangsu Litong Electronics Co., Ltd. fairly reflect the company's financial position as of December 31, 2024, and its operating results and cash flows for the year 2024 [2]. Key Audit Matters - Revenue recognition is identified as a key audit matter due to inherent risks associated with improper revenue recognition to meet specific targets. The company's revenue for 2024 primarily comes from the sales of precision metal stamping components, electronic components, and computing services [3][4]. - Long-term asset impairment is another key audit matter, as the book value of fixed assets, construction in progress, and right-of-use assets collectively accounts for 49.17% of total assets as of December 31, 2024. The impairment testing involves significant management judgment and estimates [4][5]. Financial Statements Overview - The company’s financial statements are prepared based on the going concern assumption, indicating no significant doubts about its ability to continue operations for the next 12 months [10]. - The company’s registered capital is RMB 259.93 million, with a total of 259.93 million shares, and its stock has been listed on the Shanghai Stock Exchange since December 24, 2018 [10]. Accounting Policies - The company adheres to the Chinese Accounting Standards, ensuring that the financial statements provide a true and complete reflection of its financial status, operating results, and cash flows [11]. - The company uses the weighted average method for inventory valuation and recognizes inventory at the lower of cost or net realizable value [28]. Financial Performance - The company’s revenue for the year 2024 is primarily derived from its core business activities, including the sale of precision metal components and electronic components, as well as computing services [3][4].

Core Viewpoint - The company has announced corrections to its 2024 annual report and 2025 Q1 report, clarifying that these corrections will not impact the financial statements, including revenue, net profit, and cash flow [1][2][16]. Financial Report Corrections - The corrections pertain to the non-operating fund occupation by controlling shareholders and related parties, which was initially reported incorrectly. The company clarified that there are no such occupations as previously stated [5][16]. - The cash flow statement methodology has been changed from net method to gross method for better reflection of daily operations, specifically regarding the return of deposits related to computing power business [8][15]. Financial Data Summary - The company reported the following revenue figures for 2024: - Q1: 427,850,250.45 - Q2: 460,574,521.38 - Q3: 602,420,941.57 - Q4: 756,714,077.30 [5][6]. - The net profit attributable to shareholders for Q1 was 29,536,412.66, with a significant drop in Q4 to -41,441,236.80 [5][6]. Cash Flow Analysis - The total cash inflow from operating activities for 2024 was reported as 2,359,159,206.16, while cash outflow was 2,284,315,095.93, resulting in a net cash flow of 74,844,110.23 [6][10]. - The company received government subsidies amounting to 36,069,396.17 in 2024, compared to 7,186,498.65 in 2023 [11][13]. Audit and Compliance - The company has undergone a special audit regarding the non-operating fund occupation and has confirmed that the management's compiled summary aligns with regulatory guidelines [4][16]. - The company expressed its commitment to improving the quality of information disclosure in future reports [16].

Core Viewpoint - Jiangsu Litong Electronics Co., Ltd. has achieved revenue growth in 2024 through strategic transformation into dual main business operations, focusing on precision metal components for LCD TVs and AI computing cloud services, despite a decline in net profit and cash flow [1] Financial Data Analysis - Revenue for 2024 reached 2,247.56 million yuan, an increase of 18.72% year-on-year, primarily driven by the rapid development of the AI computing business, which contributed 455.20 million yuan, a staggering increase of 3,817% [2] - Sales of precision metal components for LCD TVs decreased by 3.06% to 1,527.33 million yuan, while electronic components sales fell by 11.55% to 154.60 million yuan [2] - Net profit attributable to the parent company was 24.62 million yuan, down 38.77% year-on-year, with a non-recurring net profit of 5.89 million yuan, a decline of 71.10% [3] - The manufacturing segment reported a net loss of 115.68 million yuan, with a gross margin of 8.65%, down 6.26 percentage points [3] - AI computing business net profit was 142.31 million yuan, with a gross margin of 53.42%, up 9.39 percentage points [3] Earnings Per Share - Basic earnings per share were 0.10 yuan, a decrease of 37.50%, while non-recurring earnings per share were 0.02 yuan, down 75.00% [4] Expense Analysis - Sales expenses increased by 7.81% to 22.80 million yuan, indicating stable growth [5] - Management expenses rose significantly by 33.66% to 182.48 million yuan, driven by stock incentive plans and rising labor costs [6] - Financial expenses surged by 315.14% to 55.98 million yuan, primarily due to unrecognized financing costs from the AI computing business [7] - R&D expenses grew by 8.77% to 84.26 million yuan, supporting advancements in both AI computing and LCD TV components [8][9] Cash Flow Analysis - Net cash flow from operating activities fell sharply by 89.78% to 74.84 million yuan, indicating potential issues in cash collection or cost control [10] - Net cash flow from investing activities was -372.34 million yuan, a decrease of 54.83%, suggesting a slowdown in fixed asset investments [11] - Net cash flow from financing activities turned negative at -22.77 million yuan, a decline of 105.84%, reflecting significant debt repayments or financing costs [12]

Core Points - The company announced a cash dividend distribution of 0.05 CNY per share, totaling approximately 12.93 million CNY [1][2] - The dividend distribution plan was approved at the annual shareholders' meeting on May 20, 2025 [1][2] - The record date for shareholders is June 19, 2025, with the ex-dividend date and payment date set for June 20, 2025 [1][2] Dividend Distribution Details - The total share capital of the company is 25.993 million shares, with 25.863 million shares eligible for the dividend after excluding 1.3 million shares in the repurchase account [2] - The cash dividend per share is calculated as approximately 0.0497 CNY after adjusting for the total share capital [2] - The company will not issue new shares or transfer capital reserves to increase share capital, meaning the number of circulating shares remains unchanged [2] Tax Implications - Individual shareholders and securities investment funds will not have personal income tax withheld at the time of dividend distribution, with a net cash dividend of 0.05 CNY per share [3][4] - For shares held for less than one month, the effective tax rate on dividends is 20%, while for shares held between one month and one year, the effective tax rate is 10% [4] - Qualified Foreign Institutional Investors (QFII) will have a 10% corporate income tax withheld, resulting in a net cash dividend of 0.045 CNY per share [5]

证券代码：603629 证券简称：利通电子 公告编号：2025-025 江苏利通电子股份有限公司 关于 2024 年年度报告、2024 年度审计报告、 2025 年第一季度报告的更正公告 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个别及连带责任。 重要内容提示： ● 本次《利通电子 2024 年年度报告》及其摘要、《利通电子 2024 年度审 计报告》、《利通电子 2025 年第一季度报告》的更正不会对资产负债表、利润 表产生影响。营业收入、归属于上市公司股东的净利润、归属于上市公司股东的 扣除非经常性损益的净利润、经营活动产生的现金流量净额、归属于上市公司股 东的净资产、总资产均保持不变。本次更正不会对公司 2024 年度、2025 年第一 季度财务状况及经营成果产生影响。 江苏利通电子股份有限公司（以下简称"公司"）于 2025 年 4 月 29 日在上海 证券交易所网站（www.sse.com.cn）披露了《利通电子 2024 年年度报告》及其 摘要、《利通电子 2024 年度审计报告》、《利通电子 2025 年第一季度报告》 ...

目 录 | 一、审计报告……………………………………………………… 第 | | 1—5 | 页 | | --- | --- | --- | --- | | 二、财务报表……………………………………………………… | 第 | 6—15 | 页 | | （一）合并资产负债表…………………………………………… | | 第 6 | 页 | | （二）母公司资产负债表………………………………………… | | 第 7 | 页 | | （三）合并利润表………………………………………………… | | 第 8 | 页 | | （四）母公司利润表……………………………………………… | | 第 9 | 页 | | （五）合并现金流量表……………………………………………第 | | 10 | 页 | | （六）母公司现金流量表…………………………………………第 | | 11 | 页 | | （七）合并所有者权益变动表……………………………… | 第 | 12-13 | 页 | | （八）母公司所有者权益变动表…………………………… | 第 | 14-15 | 页 | | 三、财务报表附注……………………………………………… 第 | ...

Financial Performance - The company's operating revenue for Q1 2025 reached ¥704,342,018.65, representing a 64.62% increase compared to ¥427,850,250.45 in the same period last year[4] - Net profit attributable to shareholders decreased by 11.01% to ¥29,451,511.64 from ¥33,095,293.45 year-on-year[4] - Basic and diluted earnings per share decreased by 15.38% to ¥0.11 from ¥0.13 in the same period last year[4] - Net profit for Q1 2025 was ¥29,702,997.48, a decrease of 13.5% from ¥34,504,581.55 in Q1 2024[20] - Earnings per share for Q1 2025 were ¥0.11, down from ¥0.13 in Q1 2024[21] - The company reported a total comprehensive income of ¥28,563,779.38 for Q1 2025, down from ¥31,980,154.88 in Q1 2024[21] Cash Flow - The net cash flow from operating activities fell significantly by 62.79% to ¥192,421,323.51, down from ¥517,128,973.90 in the previous year[4] - Cash inflow from investment activities totaled 11,055,647.35, significantly down from 274,459,151.86, indicating a decline of 95.9%[24] - The net cash flow from financing activities was -145,693,242.57, contrasting with a positive cash flow of 226,969,572.36 in the prior period[25] - The total cash and cash equivalents at the end of the period amounted to 362,190,318.15, compared to 1,308,431,280.89 at the end of the previous period, reflecting a decrease of 72.3%[25] - The cash inflow from operating activities totaled 1,224,639,431.73, compared to 1,597,316,363.38 in the previous period, a decrease of 23.3%[24] - The cash paid for purchasing goods and services was 893,022,975.92, down from 965,329,268.56, reflecting a decrease of 7.5%[24] Assets and Liabilities - The company's total assets increased slightly by 1.01% to ¥5,992,201,631.05 compared to ¥5,932,482,789.59 at the end of the previous year[5] - Total current assets as of March 31, 2025, amounted to CNY 2,038,433,002.37, a decrease from CNY 2,057,011,431.15 as of December 31, 2024[14] - Total liabilities increased to CNY 2,453,278,486.32 from CNY 2,330,417,817.39[15] - Total liabilities as of the end of the reporting period were ¥4,294,093,489.73, slightly up from ¥4,270,307,491.60[16] - Total equity increased to ¥1,698,108,141.32 from ¥1,662,175,297.99, marking a growth of 2.2%[16] Research and Development - Research and development expenses increased by 33.41%, attributed to the development of new products[8] - Research and development expenses rose to ¥19,063,767.96 in Q1 2025, compared to ¥14,289,736.62 in Q1 2024, an increase of 33.3%[20] Shareholder Information - The total number of ordinary shares at the end of the reporting period was 42,797[11] - The largest shareholder, Shao Shuwei, holds 94,891,440 shares, accounting for 36.51% of total shares, with 42,000,000 shares pledged[11] Other Income and Expenses - The company reported a decrease in other income by 65.99%, reflecting a reduction in government subsidies received during the period[8] - Cash received from sales of goods and services in Q1 2025 was ¥1,177,688,606.77, a decrease of 25.6% compared to ¥1,583,140,329.42 in Q1 2024[23] - Deferred revenue decreased from ¥33,243,092.75 to ¥31,552,156.08, reflecting a decline of 5.1%[16]

Financial Performance - The net profit attributable to shareholders for the fiscal year 2024 is RMB 24.6164 million, with a distributable profit of RMB 359.9159 million as of the reporting period[6]. - The proposed cash dividend is RMB 0.50 per 10 shares (including tax), resulting in a total cash dividend distribution of RMB 12.9315 million, which represents 52.53% of the annual net profit attributable to shareholders[6]. - The company's operating revenue for 2024 reached ¥2,247,559,790.70, an increase of 18.72% compared to ¥1,893,119,459.75 in 2023[24]. - The net profit attributable to shareholders decreased by 38.77% to ¥24,616,404.40 in 2024 from ¥40,202,342.48 in 2023[24]. - The net profit after deducting non-recurring gains and losses fell by 71.10% to ¥5,889,127.08 in 2024 from ¥20,378,142.45 in 2023[25]. - The total assets increased by 63.26% to ¥5,932,482,789.59 at the end of 2024 from ¥3,633,829,687.11 at the end of 2023[24]. - The basic earnings per share decreased by 37.50% to ¥0.10 in 2024 from ¥0.16 in 2023[26]. - The weighted average return on net assets dropped to 1.50% in 2024, down from 2.47% in 2023, a decrease of 0.97 percentage points[26]. - The cash flow from operating activities showed a significant decline, with a net cash flow of ¥74,844,110.23 in 2024 compared to ¥732,405,001.47 in 2023, a decrease of 89.78%[25]. Revenue Breakdown - The AI computing power business generated revenue of CNY 455.20 million, with a net profit of CNY 142.31 million and a gross margin of 53.42%, an increase of 9.39 percentage points year-on-year[37]. - The manufacturing segment reported revenue of CNY 1,792.36 million, a decline of 4.74%, with a net loss of CNY 115.68 million and a gross margin of 8.65%, down 6.26 percentage points year-on-year[38]. - The sales of precision metal structural parts reached CNY 1,527.33 million, a decrease of 3.06%, while electronic components sales were CNY 154.60 million, down 11.55%[41]. - Revenue from AI computing power business (including leasing income) totaled 455.20 million yuan, a significant increase of 3,817% year-on-year[60]. - The overseas revenue grew by 138.01% to CNY 415,732,184.03, with a gross margin of 20.79%[64]. Investments and R&D - The company invested CNY 276.62 million in fixed assets and CNY 1,433.62 million in right-of-use assets during the reporting period[40]. - R&D expenses for the year 2024 amounted to 84.2584 million yuan, representing an 8.77% increase year-on-year, with R&D expenses accounting for 3.75% of operating revenue[43]. - The company initiated R&D projects with an expenditure of CNY 21.43 million, resulting in 12 new software copyrights in 2024[40]. - The company applied for 2 patents and received 11 new patent authorizations during the reporting period[43]. Corporate Governance and Compliance - The company has established a robust governance structure to ensure effective decision-making and risk management, enhancing long-term strategic implementation[108]. - The company strictly adheres to the election procedures for directors as per the Company Law and Articles of Association, ensuring compliance with legal requirements[109]. - The company has established an internal control system in accordance with regulatory requirements, continuously improving the execution of internal control norms[111]. - The company has fulfilled its information disclosure obligations accurately and timely, in line with the Shanghai Stock Exchange listing rules[109]. - The company has a dedicated department for investor relations management, enhancing communication with minority shareholders and ensuring their rights are protected[109]. Social Responsibility - The company has made social responsibility contributions, including 840,000 yuan for employee activities and 310,000 yuan for public welfare donations during the reporting period[44]. - The company invested 1.5581 million yuan in environmental protection during the reporting period[157]. - The company has established an environmental protection mechanism and complies with national and local environmental regulations[160]. - The company has not faced any significant environmental violations or penalties during the reporting period[160]. Future Outlook - The company plans to achieve simultaneous growth in revenue and profit in 2025, focusing on both AI computing power and manufacturing business adjustments[39]. - The company is exploring new market opportunities in sectors such as liquid cooling, renewable energy, high-end medical, and defense to drive revenue and profit growth[100]. - The company anticipates challenges from intensified market competition in the AI computing sector, which may lead to declining profit margins[103]. - The company plans to enhance its AI computing power business by developing innovative cooperation models for cloud leasing services while maintaining a manageable debt ratio[101]. Shareholder Engagement and Dividend Policy - The company has established a cash dividend policy, stating that it will distribute at least 30% of the average distributable profit over the last three years in cash when conditions are met[141]. - The company plans to distribute cash dividends amounting to CNY 12,931,500, which represents 52.53% of the net profit attributable to ordinary shareholders in the consolidated financial statements[147]. - The company actively engages with minority shareholders to gather their opinions and ensure their rights are protected during the dividend distribution process[144]. - The profit distribution policy is subject to regular review and must align with the company's operational conditions and long-term strategic goals[192].

中信建投证券股份有限公司 关于江苏利通电子股份有限公司 差异化分红事项的核查意见 中信建投证券股份有限公司（以下简称"中信建投证券"或"本保荐机构"）作 为江苏利通电子股份有限公司（以下简称"利通电子"或"公司"）非公开发行股票 的保荐机构，根据《中华人民共和国公司法》《中华人民共和国证券法》《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 7 号——回 购股份》等有关规定，对公司本次差异化分红事项进行了审慎核查，具体核查情 况如下： 一、本次差异化分红原因 公司于 2025 年 5 月 20 日，召开 2024 年年度股东大会审议通过《公司 2024 年度利润分配预案》。公司拟以实施权益分派股权登记日登记在册的总股本扣除 回购专户已回购股份后的股数为利润分配基数，向全体股东每 10 股派发现金红 利人民币 0.5 元（含税），不进行资本公积金转增股本。 公司于 2024 年 2 月 6 日召开第三届董事会第十一次会议，审议通过了《关 于以集中竞价交易方式回购公司 A 股股份方案的议案》，共累计回购公司股份数 量为 1,300,000 股。 根据《上海证券交易所上市公司自律监管指引第 7 ...

证券代码：603629 证券简称：利通电子 公告编号：2025-024 江苏利通电子股份有限公司 2024年年度权益分派实施公告 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： 每股分配比例 A 股每股现金红利0.05元 截至本公告披露日，公司总股本 25,993 万股，扣除回购专户已回购股份的股数 130 万股 1. 发放年度：2024年年度 2. 分派对象： 相关日期 | 股份类别 | 股权登记日 | 最后交易日 | 除权（息）日 | 现金红利发放日 | | --- | --- | --- | --- | --- | | Ａ股 | 2025/6/19 | － | 2025/6/20 | 2025/6/20 | 差异化分红送转： 是 一、 通过分配方案的股东大会届次和日期 本次利润分配方案经公司2025 年 5 月 20 日的2024年年度股东大会审议通过。 二、 分配方案 截至股权登记日下午上海证券交易所收市后，在中国证券登记结算有限责任公司上海分 公司（以下简称"中国结算上海分公司"）登记在册的本公司全体 ...