1、经财务部门初步测算，预计 2024 年年度实现归属于母公司所有者的净利 润与上年同期相比，将实现扭亏为盈，实现归属于母公司所有者的净利润 29,950.00 万元到 35,810.00 万元。 2、预计 2024 年年度实现归属于母公司所有者扣除非经常性损益后的净利润 29,430.00 万元到 35,290.00 万元。 （三）本次业绩预告未经注册会计师审计。 证券代码：688183 证券简称：生益电子 公告编号：2025-002 生益电子股份有限公司 2024 年年度业绩预告 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。 一、本期业绩预告情况 （一）业绩预告期间 2024 年 1 月 1 日至 2024 年 12 月 31 日。 （二）业绩预告情况 二、上年同期业绩情况 2023 年度，归属于母公司所有者的净利润：-2,499.36 万元；归属于母公司 所有者的扣除非经常性损益的净利润：-4,366.49 万元。 三、本期业绩变化的主要原因 报告期内，公司持续优化产品结构，积极完善产品业务区域布局，随着市场 对高 ...

证券时报e公司讯，企查查APP显示，近日，东莞科创生益产业投资合伙企业（有限合伙）成立，出资 额1亿元人民币，经营范围包含：以私募基金从事股权投资、投资管理、资产管理等活动。 企查查股权穿透显示，该企业由生益电子(688183)等共同持股。 ...

编号：2024-011 证券代码：688183 证券简称：生益电子 生益电子股份有限公司 投资者关系活动记录表 | --- | --- | |-----------------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...

证券时报记者 梅双 12月6日晚间，生益电子(688183)发布公告称，公司董事会在对印制线路板行业以及智能算力等领域市 场需求、技术需求充分调研评估的基础上，决议在公司东莞制造基地现有厂房投资建设智能算力中心高 多层高密互连电路板项目。该项目计划投资金额约14亿元，包括但不限于公共设施、生产设备、检测设 备等相关投入。公司将根据市场需求和业务进展等具体情况分阶段实施该项目。 生益电子披露，本次对外投资资金来源为公司自有资金或自筹资金。项目计划分两阶段实施，项目总建 设期计划为6年。其中，第一阶段预计在2025年试生产；第二阶段预计在2027年试生产。 项目计划年产25万平方米的高多层高密互连印制线路板，其中第一期计划年产15万平方米，第二期计划 年产10万平方米。项目第一阶段的动态投资回收期为税后7年，项目第二阶段的动态投资回收期为税后5 年。生益电子认为，从项目投资价值分析角度考虑，本项目具备可行性，且有助于提高公司经济效益。 生益电子表示，本次对外投资符合公司聚焦高端印制线路板相关定位，能进一步提升公司在智能算力领 域的技术创新能力，满足新兴领域对高端印制电路板的中长期需求，具有良好的市场发展前景。"本 ...

由我来给同志们汇报一下关于我们最新写的声音电子的一个深度报告声音电子的话呢因为公司主要是做PCB所以我们这个准备的报告的话呢是按照我们讲的五个部分首先是介绍一下我们讲的整个一个PCB的这个行业行业包括几个我们讲速冲跟汽车的一个细分或者是关于公司自身的一个产品的一个介绍所以第一块的话就是 我们讲的整个公司大概一个情况公司的话呢因为是我们讲的主要是做这个速通的PCB成立在1985年所以如果是按照这个整个的发展历史上来看的话呢其实整个一个在最早的话呢我们讲是整个一个85年到89年是一个建成的一个阶段然后在90年到2007年的话呢我们讲是一个 我们讲逐渐逐渐这样一个发展扩张的这样一个阶段这个时候产能在不断提升从过去的我们讲的建成阶段的3.5万坪每年提升到这个35万35万坪每年然后就是我们讲的在后续的话我们讲到第六年到现在是属于一个高质量发展这样一个阶段这里面我们会看到这个基本上是在热城吉安然后我们讲的在东城吉安然后这个陆续的话有一些这种现在一些一些项目 所以从公司的这样一个发展上来看的话我们觉得还是一个我们讲的维持一个比较稳健然后高强发展这样一个过程然后在这个我们讲的下游的这个应用上来看是包括像通讯像计算机服务器电子 ...

Investment Rating - Buy rating, first coverage [5] Core Views - The company, established in 1985, has grown into a leading enterprise in China's PCB industry, focusing on communication networks, computer/server, and automotive electronics sectors, while also catering to high-difficulty and high-demand special products [3][5] - According to Prismark's Q1 2024 PCB industry report, the company ranked 45th in global PCB industry revenue in 2023 [3][5] - The company has a strong technical capability, equipment configuration, and customer resources, positioning it well in the high-end PCB market [3][5] PCB Industry Overview - PCB is a critical interconnect component in electronic devices, widely used in communication electronics, consumer electronics, computers, automotive electronics, industrial control, medical devices, and aerospace [6] - Global PCB output value has shown a steady upward trend, with a CAGR of around 5% from 2017 to 2022 [6] - The trend towards thinner, smaller, and higher-frequency electronic products is driving the PCB industry towards higher density and performance [6] Automotive Electronics - The automotive industry is moving towards electrification, intelligence, and connectivity, increasing the demand for high-reliability PCBs in automotive electronics [6] - Automotive PCBs require rigorous testing and certification, often taking 1-3 years to pass supplier qualification [6] - With the rise of autonomous driving and new energy vehicles, automotive PCBs are evolving towards multi-layer, high-density interconnect (HDI), and high-frequency high-speed directions [6] Data Communication and AI Servers - The AI industry is experiencing rapid growth, driving demand for AI servers and high-speed network systems, which in turn increases the demand for large-size, high-speed, and multi-layer PCBs [7] - High-end servers typically require PCBs with 46 layers, high aspect ratios, high density, and high transmission speeds [7] - The company has developed AI-related products, including motherboards and accelerator cards, which have entered mass production, with key customers such as Amazon [7] Company's Technological Leadership - The company has over 30 years of R&D investment and technical accumulation, with leading technology in the PCB industry [7] - It can produce backplanes with 2-56 layers and server boards with 20-40 layers, and has the capability to produce HDI boards with 4-30 layers [7] - The company has successfully developed server customers, including Amazon, and its AI-related projects are in mass production [7] Financial Performance - In the first three quarters of 2024, the company achieved revenue of 3.179 billion yuan, a year-on-year increase of 32.97%, and net profit of 187 million yuan, a year-on-year increase of 1156.98% [51] - The gross profit margin and net profit margin were 21.68% and 5.87%, respectively, showing significant improvement in profitability [51] Future Outlook - The company is focusing on AI and high-performance computing, with ongoing projects in advanced data communication fields [141] - With the expansion of production capacity, the company is expected to further increase its market share in AI-related products [141] - The company's AI server projects are expected to continue growing in 2024, driven by increasing demand for AI products [141]

编号：2024-010 证券代码：688183 证券简称：生益电子 生益电子股份有限公司 投资者关系活动记录表 | --- | --- | --- | |-------------------------|-----------------------------------------------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...

电子 | 证券研究报告 — 调整盈利预测 2024 年 11 月 1 日 688183.SH 买入 原评级：买入 市场价格:人民币 34.70 板块评级:强于大市 股价表现 (%) 今年 1 3 12 (44%) 10% 63% 116% 169% 222% Oct-23Dec-23Jan-24Feb-24Mar-24Apr-24May-24Jun-24Jul-24Aug-24Sep-24Oct-24 生益电子 上证综指 至今 个月 个月 个月 绝对 208.7 41.9 52.6 222.8 相对上证综指 198.5 44.0 39.2 214.7 | --- | --- | --- | |-------------------------------|--------|-----------| | | | | | 发行股数 ( 百万 ) | | 831.82 | | 流通股 ( 百万 ) | | 831.82 | | 总市值 ( 人民币 百万 ) | | 28,864.19 | | | | | | 3 个月日均交易额 ( 人民币 | 百万 ) | 280.01 | | 主要股东 | | | | 广东生益科 ...

三季度利润同比增长400%+，这家公司AI服务器+800G交换机产品批量交付，覆盖华为、亚马逊等头部 客户，1.6T产品与下一代AI服务器已处研发阶段，低轨卫星领域配合多家客户进行产品研发，分析师认 为公司高经营杠杆下盈利弹性有望持续超预期，大幅上调未来两年业绩预测。 生益电子（688183）精要： ①公司2024年前三季度实现归母净利润1.87亿元，同比增长1156.98%，Q3单季度实现归母净利润0.90 亿元，同比增长432.26%，环比增长29.86%； ②华创证券熊翊宇看好公司深耕数通板数十年，赢得了华为、中兴、三星电子、IBM、亚马逊等头部客 户，目前AI服务器PCB已在多个客户实现大批量交付，800G交换机产品批量交付； ③后续公司新产品有望陆续放量，目前1.6T、下一代AI服务器产品正在研发，AI配套的主板及加速卡产 品已量产，低轨卫星领域配合多家客户进行相关产品研发； ④熊翊宇认为公司处在业绩拐点的高速增长期，高经营杠杆下盈利弹性有望持续超预期，将公司2024- 26年盈利预测由1.86/5.45/8.16亿元上调为3.52/8.04/9.56亿元； ⑤风险提示：AI产业发展不及预期、AI服 ...

Investment Rating - The report maintains a "Recommend" rating for Shengyi Electronics (688183) [1] Core Views - Shengyi Electronics' Q3 2024 performance exceeded expectations, driven by strong growth in AI servers and 800G switches [1] - The company's revenue for the first three quarters of 2024 reached 3.179 billion yuan, a YoY increase of 32.97%, with net profit attributable to shareholders surging 1,156.98% YoY to 187 million yuan [1] - Q3 2024 revenue was 1.206 billion yuan, up 49.27% YoY and 10.81% QoQ, with net profit attributable to shareholders increasing 432.26% YoY to 90 million yuan [1] - Gross margin improved significantly, reaching 24.93% in Q3 2024, up 10.76 percentage points YoY and 4.57 percentage points QoQ [1] Product and Market Performance - AI server products accounted for 42.45% of total revenue in the first three quarters of 2024, a YoY increase of 20.87 percentage points [2] - The company has secured batch orders for 800G high-speed switches, with 1.6T products under development [2] - R&D investment reached a historical high in Q3 2024, focusing on next-generation AI servers and high-speed switches [2] Financial Forecasts - Revenue is expected to grow to 4.529 billion yuan in 2024, 5.969 billion yuan in 2025, and 6.824 billion yuan in 2026 [3] - Net profit attributable to shareholders is projected to be 352 million yuan in 2024, 804 million yuan in 2025, and 956 million yuan in 2026 [3] - Gross margin is forecasted to improve to 24.3% in 2024, 31.3% in 2025, and 31.6% in 2026 [7] Industry and Technology Development - The company is focusing on core advantages in communication networks, AI servers, and low-orbit satellite technologies [2] - In the automotive sector, the company has developed products for autonomous driving, smart cockpits, and power energy, enhancing its competitiveness in the automotive electronics PCB market [2] Valuation Metrics - The company's P/E ratio is projected to be 75x in 2024, 33x in 2025, and 27x in 2026 [3] - The P/B ratio is expected to decrease from 6.7x in 2023 to 4.3x in 2026 [3]