Core Viewpoint - The company received an inquiry letter from the Shanghai Stock Exchange regarding its 2024 annual report, prompting a detailed analysis of its business performance and financial metrics, particularly focusing on revenue changes and gross margin fluctuations across different product segments [1][2]. Group 1: Business Performance Analysis - The company's revenue from testing equipment decreased by 18.27% in 2024, while revenue from fixtures and accessories increased by 40.18%, and assembly equipment revenue surged by 90.85% [2][8]. - The sales volume of testing equipment dropped by 52.46%, but the revenue decline was only 18.72%, indicating a potential increase in average selling prices [2][8]. - The company primarily serves the consumer electronics sector, with a significant portion of its revenue derived from major clients in this industry, particularly Company A [2][3]. Group 2: Market Trends and Client Performance - The global consumer electronics market is projected to grow by approximately 5.40% in 2024, reaching a size of $815.2 billion, although major clients like Company A are experiencing a decline in product shipments [3][4]. - Company A's capital expenditure for the fiscal year 2024 is estimated at $9.447 billion, down 13.80% from the previous year, reflecting a broader trend of reduced capital spending in the consumer electronics sector [4][5]. Group 3: Gross Margin Analysis - The overall gross margin for the company decreased, with testing equipment gross margin at 42.12%, fixtures and accessories at 40.89%, and assembly equipment at 49.78%, all showing declines compared to the previous year [1][9]. - The decline in gross margins is attributed to increased competition, rising fixed costs from new capacity, and higher raw material costs, which collectively exert pressure on profitability [12][15][16]. - The company’s gross margin decline aligns with industry trends, as similar companies in the sector also reported reduced margins due to similar challenges [12][13][16]. Group 4: Raw Material Cost Dynamics - The total raw material costs for the company increased significantly, with a 148.41% rise in 2024, driven by higher production volumes and changes in product structure [20][21]. - The average procurement prices for key raw materials, including electronic components and mechanical parts, have shown varied changes, complicating cost management [21][22]. - The company’s procurement strategy involves sourcing from multiple suppliers, with a focus on maintaining competitive pricing despite fluctuations in raw material costs [22][23].

债券受托管理人 （深圳市前海深港合作区南山街道桂湾五路 128 号前海深港基金小镇 B7 栋 401） 二〇二五年六月 1 | 证券代码：688001 | 证券简称：华兴源创 | | --- | --- | | 债券代码：118003 | 债券简称：华兴转债 | 苏州华兴源创科技股份有限公司 向不特定对象发行可转换公司债券 受托管理事务报告 （2024 年度） 重要声明 本报告依据《可转换公司债券管理办法》（以下简称"《管理办法》"）、《苏州 华兴源创科技股份有限公司（作为发行人）与华泰联合证券有限责任公司（作为 受托管理人）关于苏州华兴源创科技股份有限公司向不特定对象发行可转换公司 债券之债券受托管理协议》（以下简称"《受托管理协议》"）、《苏州华兴源创科技 股份有限公司向不特定对象发行可转换公司债券募集说明书》（以下简称"《募集 说明书》"）、《苏州华兴源创科技股份有限公司 2024 年年度报告》等相关公开信 息披露文件、第三方中介机构出具的专业意见等，由本次债券受托管理人华泰联 合证券有限责任公司（以下简称"华泰联合证券"）编制。华泰联合证券对本报 告中所包含的从上述文件中引述内容和信息未进行独立验证， ...

【RSM | 容 诚 关于苏州华兴源创科技股份有限公司 2024年年度报告的信息披露监管问询函的 回复 容诚专字[2025]215Z0678号 容诚会计师事务所(特殊普通合伙) 中国北京 10 目 1001-1 至 1001-26 ttps://www.rsm.global/china/ 容诚会计师事务所(特殊普通合伙) 关于上海证券交易所 《关于苏州华兴源创科技股份有限公司 2024年年度报告的信息 披露监管问询函》的回复 上海证券交易所科创板公司管理部: 苏州华兴源创科技股份有限公司(以下简称"华兴源创"或"公司")于2025年 5 月收到贵部下发的《关于苏州华兴源创科技股份有限公司 2024年年度报告的信 息披露监管问询函》（上证科创公函《2025】0177 号）（以下简称"《年报问询 函》")。针对贵部在《年报问询函》中就公司2024年年度报告提出的信息披露 监管要求,容诚会计师事务所(特殊普通合伙)(以下简称"本所"或"年审会计 师")作为华兴源创年审会计师,对问询函中涉及本所的有关问题向贵所回复如 下,请予审核。 说明:在下述相关问题的回复中,若合计数与各分项数值相加之和在尾数上 存在差异均为四舍 ...

证券代码：688001 证券简称：华兴源创 公告编号：2025-029 苏州华兴源创科技股份有限公司 关于 2024 年年度报告的信息披露监管问询函的 回复公告 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、准确性和完整性依法承担法律责任。 苏州华兴源创科技股份有限公司（以下简称"公司"或"华兴源创"）于近 日收到上海证券交易所科创板公司管理部下发的《关于苏州华兴源创科技股份有 限公司 2024 年年度报告的信息披露监管问询函》（上证科创公函【2025】0177 号）（以下简称"年报问询函"或"问询函"）。公司收到年报问询函后高度重 视，根据年报问询函的要求及时组织相关部门和中介机构对年报问询函所列事项 进行了认真核查、逐项落实，现就有关事项具体回复如下： 一、关于公司经营业务 1.关于分板块经营情况。报告期内，公司检测设备营业收入 10.53 亿元，同 比减少 18.27%，毛利率 42.12%，同比减少 10.67 个百分点；治具及配件营业收 入 5.16 亿元，同比增长 40.18%，毛利率 40.89%，同比减少 16.68 个百分点；组 装设备 ...

Core Viewpoint - The credit rating agency maintains the credit rating of Suzhou Huaxing Yuan Chuang Technology Co., Ltd. at AA with a stable outlook, indicating a strong creditworthiness and stable financial performance [1][3]. Company Overview - Suzhou Huaxing Yuan Chuang is a leading provider of industrial automation testing equipment and complete line detection system solutions, primarily engaged in the manufacturing and sales of automated intelligent equipment for flat panel display and integrated circuit testing [2][5]. - The company has a strong competitive advantage and maintains good cooperation with major clients such as BOE Technology Group, Luxshare Precision, and Apple Inc. [5][22]. Financial Performance - As of March 2025, the company's total assets amounted to 53.38 billion yuan, with total liabilities of 19.60 billion yuan and equity of 33.80 billion yuan, resulting in a debt-to-asset ratio of 36.69% [9][12]. - The company's total revenue for the first quarter of 2025 was 18.61 billion yuan, with a profit margin of 42.12% [19][22]. - The company reported a total profit loss of 4.89 billion yuan in 2023, primarily due to a decline in gross profit and increased fixed costs during the capacity ramp-up phase [5][22]. Market Position and Industry Trends - The flat panel display testing industry is expected to grow due to the increasing demand for domestic panel production and the rise of new display technologies such as Mini/Micro LED and Micro OLED [13][14]. - The wearable device testing industry is also anticipated to expand, driven by technological advancements and increasing market demand [15][16]. - The integrated circuit testing industry is projected to see stable growth, supported by domestic policy initiatives and rising demand in sectors like AI and IoT [17][18]. Business Operations - The company's main revenue sources include testing equipment, fixtures, and components, with a notable decline in orders due to the downturn in the consumer electronics sector [20][22]. - The company has made significant advancements in R&D, with a focus on new generation display detection and SoC chip testing technologies, achieving a high R&D expenditure ratio of 21.62% [5][21]. - The assembly equipment business has seen growth due to increased orders from existing clients and new customer acquisitions, although profit margins have faced pressure from strong bargaining power of new clients [25][26]. Governance and Strategy - The company's governance structure remains stable, with a recent change in one independent director, and it continues to pursue diversification in related industries while maintaining its core competencies in testing technologies [24].

前次债券评级：公司主体信用等级为"AA"，评级展望为"稳定"，"华 兴转债"的信用等级为"AA"； | 证券代码：688001 | 证券简称：华兴源创 | 公告编号：2025-028 | | --- | --- | --- | | 转债代码：118003 | 转债简称：华兴转债 | | 苏州华兴源创科技股份有限公司 关于"华兴转债"跟踪信用评级结果的公告 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、准确性和完整性依法承担法律责任。 重要内容提示： 评级机构东方金诚在对公司经营状况及相关行业进行综合分析与评估的基 础上，于近期出具了《苏州华兴源创科技股份有限公司主体及"华兴转债"2025 年度跟踪评级报告》（东方金诚债跟踪评字【2025】0148号），评级结果如下： 本期公司主体信用等级维持为"AA"，评级展望维持为"稳定"，华兴转债信用 等级维持为"AA"。具体内容详见公司于同日披露在上海证券交易所网站的《华 兴源创：苏州华兴源创科技股份有限公司主体及"华兴转债"2025年度跟踪评级 报告》。 特此公告。 苏州华兴源创科技股份有限公司董事会 2025 ...

Core Viewpoint - Huaxing Yuanchuang has successfully delivered China's first G8.6 AMOLED touch screen (TSP) display system detection equipment, marking a significant advancement in the high-generation AMOLED TSP OS core detection equipment field [1][3]. Group 1: Product Development and Market Position - The newly developed detection equipment covers the entire process of TSP and OS detection, achieving micron-level precision, suitable for various applications including automotive displays, laptops, and tablets [3]. - The delivery of this product signifies a critical leap from "0" to "1" in China's capability in high-generation AMOLED TSP OS core detection equipment [3]. - Huaxing Yuanchuang's Chengdu subsidiary has successfully won bids for several projects related to BOE's 8.6-generation AMOLED production line, including automatic optical inspection machines and aging equipment for flat panel displays [3]. Group 2: Financial Performance - In 2024, Huaxing Yuanchuang reported an operating income of 1.823 billion yuan, a decrease of 2.07% compared to the previous year [3]. - The company recorded a net profit attributable to shareholders of -497 million yuan [3]. Group 3: Company Focus and Applications - Huaxing Yuanchuang specializes in the research, production, and sales of flat panel display and semiconductor integrated circuit detection equipment, with applications across various industries including LCD and OLED flat displays, integrated circuits, and automotive electronics [3].

本所及本所律师依据法律法规及本法律意见出具目以前已经发生或者存在的事实, 严格履行了法定职责,遵循了勤勉尽责和诚实信用原则,进行了充分的核查验证,保证 本法律意见所认定的事实真实、准确、完整,所发表的结论性意见合法、准确,不存在 虚假记载、误导性陈述或者重大遗漏,并承担相应法律责任。 24SH7200101/BC/az/cm/D16 上海 SHANGHAI TC BELING 深圳 SHENZHEN 香港 HONG KONG 上海市通力律师事务所关于苏州华兴源创科技股份有限公司 2024 年年度股东大会的法律意见书 致:苏州华兴源创科技股份有限公司 上海市通力律师事务所(以下简称"本所")接受苏州华兴源创科技股份有限公司 (以下简称"公司")的委托,指派本所朱晓明律师、王旭峰律师(以下简称"本所律 师")根据《中华人民共和国公司法》《中华人民共和国证券法》等法律法规和规范性 文件(以下统称"法律法规")及《苏州华兴源创科技股份有限公司章程》(以下简称 "公司章程")的规定就公司 2024 年年度股东大会(以下简称"本次股东大会")相 关事宜出具法律意见。 本所律师已经对公司提供的与本次股东大会有关的法律文件及 ...

重要内容提示： 本次会议是否有被否决议案：无 一、 会议召开和出席情况 证券代码：688001 证券简称：华兴源创 公告编号：2025-027 苏州华兴源创科技股份有限公司 2024年年度股东大会决议公告 本公司董事会及全体董事保证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。 （一） 股东大会召开的时间：2025 年 06 月 12 日 （二） 股东大会召开的地点：苏州工业园区青丘巷 8 号苏州华兴源创科技股份 有限公司会议室 （三） 出席会议的普通股股东、特别表决权股东、恢复表决权的优先股股东及 其持有表决权数量的情况： | 1、出席会议的股东和代理人人数 | 72 | | --- | --- | | 普通股股东人数 | 72 | | 2、出席会议的股东所持有的表决权数量 | 361,222,948 | | 普通股股东所持有表决权数量 | 361,222,948 | | 3、出席会议的股东所持有表决权数量占公司表决权数量的比 | 81.4648 | | 例（%） | | | 普通股股东所持有表决权数量占公司表决权数量的比例（%） | 81.464 ...

Core Viewpoint - Suzhou Huaxing Yuanchuang Technology Co., Ltd. has been awarded the 25th China Patent Excellence Award, recognizing its contributions to technological innovation and intellectual property work [1][2]. Group 1: Award Recognition - The award is jointly evaluated by the National Intellectual Property Administration and the World Intellectual Property Organization, aimed at promoting innovation and economic development [1]. - The recognition serves to enhance the company's independent intellectual property advantages and improve its technological innovation capabilities [2]. Group 2: Intellectual Property Achievements - As of December 31, 2024, the company has obtained a total of 278 authorized invention patents, 779 utility model patents, 93 design patents, and 301 software copyrights [2]. - The company emphasizes the importance of R&D investment and the transformation of research outcomes, which contributes to its long-term development [2]. Group 3: Future Outlook - The company plans to continue focusing on technological innovation to enhance its core competitiveness and promote sustainable and stable business development [2]. - The award will not have a significant impact on the company's current operating performance [2].