Core Insights - As of April 15, 2024, 1,567 companies have released their annual reports, with 874 reporting a year-on-year increase in net profit, while 693 reported a decline [1] - A total of 942 companies saw an increase in operating revenue, whereas 625 experienced a decrease [1] - Companies that reported simultaneous growth in both net profit and operating revenue include Andisoo, among 686 others, while 437 companies saw declines in both metrics [1] Financial Performance Highlights - Guangxi Energy reported the highest net profit growth at 3,704.04%, with a net profit of 62.99 million and operating revenue of 393.16 million, which decreased by 76.48% [1] - North China Pharmaceutical achieved a net profit increase of 2,496.80%, with a net profit of 126.99 million and operating revenue of 986.96 million, down by 2.48% [1] - Andisoo's net profit rose by 2,208.66% to 1,204.33 million, with operating revenue increasing by 17.83% to 1,553.43 million [1] - Other notable performers include: - Shengyi Electronics: net profit up 1,428.23% to 331.97 million, operating revenue up 43.19% to 468.66 million [1] - Hualin Securities: net profit up 1,014.54% to 353.15 million, operating revenue up 41.35% to 143.48 million [1] Additional Company Insights - Companies with significant net profit increases also include: - Microelectronics: net profit up 815.36% to 5.21 million, operating revenue up 25.51% to 41.32 million [1] - Zhengzhou Coal: net profit up 783.88% to 282.66 million, operating revenue down by 2.74% to 420.49 million [1] - The report highlights a mix of performance across various sectors, indicating diverse trends in profitability and revenue growth among the listed companies [1][2]

规模方面，科创100指数ETF近1年规模增长3.71亿元，实现显著增长，新增规模位居可比基金2/10。 份额方面，科创100指数ETF近2周份额增长1.14亿份，实现显著增长，新增份额位居可比基金2/10。 资金流入方面，科创100指数ETF近4个交易日内有3日资金净流入，合计"吸金"6572.26万元，日均净流入达1643.06万元。 数据显示，杠杆资金持续布局中。科创100指数ETF前一交易日融资净买额达403.64万元，最新融资余额达3.32亿元。 截至2025年4月10日 10:10，上证科创板100指数(000698)强势上涨4.56%，成分股生益电子(688183)上涨13.18%，华曙高科(688433)上涨12.94%，道通科技 (688208)上涨12.70%，铂力特(688333)，奥普特(688686)等个股跟涨。科创100指数ETF(588030)上涨4.37%， 冲击3连涨。最新价报0.93元。拉长时间看，截 至2025年4月9日，科创100指数ETF近3月累计上涨4.44%。 流动性方面，科创100指数ETF盘中换手3.81%，成交2.29亿元。拉长时间看，截至4月9日，科创100 ...

东莞证券股份有限公司 | 保荐机构：东莞证券股份有限公司 | 被保荐公司名称：生益电子股份有限公司 | | --- | --- | | | 保荐代表人联系方式：0769-22119285 | | 保荐代表人：王辉、杨娜 | 保荐代表人联系地址：东莞市莞城区可园南路 1 | | | 号金源中心 25 楼 | 东莞证券股份有限公司（以下简称"东莞证券"或"保荐机构"）作为生益 电子股份有限公司（以下简称"生益电子""发行人"或"公司"）首次公开发 行股票的保荐机构，持续督导期至 2024 年 12 月 31 日。目前，持续督导期已满。 东莞证券根据《证券发行上市保荐业务管理办法》《上海证券交易所科创板股票 上市规则》以及《上海证券交易所上市公司自律监管指引第 11 号——持续督导》 等相关法规和规范性文件的要求，出具本保荐总结报告书。 一、保荐机构及保荐代表人承诺 （一）保荐总结报告书和证明文件及其相关资料的内容不存在虚假记载、误 导性陈述或重大遗漏，保荐机构及保荐代表人对其真实性、准确性、完整性承担 法律责任。 （二）本机构及本人自愿接受中国证监会对保荐总结报告书相关事项进行的 任何质询和调查。 （三）本机构及 ...

Group 1 - The company will hold its 2024 Annual General Meeting (AGM) on April 21, 2025, to ensure the rights of all shareholders and maintain order during the meeting [1][5] - Shareholders and their proxies must register to attend the AGM and will have the right to speak, inquire, and vote [2][4] - The meeting will include a combination of on-site and online voting, with specific time slots for each [5][8] Group 2 - The company reported a significant increase in total revenue for 2024, reaching RMB 468,663.08 million, a 43.19% increase from 2023 [14] - The net profit for 2024 was RMB 33,197.32 million, compared to a loss of RMB 2,499.36 million in 2023, indicating a strong recovery [14][20] - The company’s total assets increased by 22.30% to RMB 768,554.97 million by the end of 2024 [9][12] Group 3 - The company’s cash flow from operating activities showed a net inflow of RMB 35,072.87 million, although this was a decrease of 18.70% compared to the previous year [18][19] - The company’s total liabilities increased by 44.75% to RMB 341,236.29 million, reflecting higher short-term borrowings and accounts payable [10][11] - The company plans to distribute a total cash dividend of RMB 35,404.78 million, which is 106.65% of the net profit attributable to shareholders [21][22] Group 4 - The company has implemented a share repurchase plan, with a total of 15,518,757 shares repurchased, representing 1.87% of the total share capital [27][26] - The board of directors has emphasized the importance of corporate governance and has established various committees to oversee different aspects of the company’s operations [29][30] - The company has increased its investment in research and development, with a focus on high-end products and technology [25][26]

生益电子股份有限公司 2024 年年度股东大会资料 （二 O 二五年四月二十一日） 生益电子股份有限公司 2024 年年度股东大会会议资料 生益电子股份有限公司 2024年年度股东大会会议须知 为了维护全体股东的合法权益，确保股东大会会议秩序和议事效率，保证股 东大会的顺利召开，根据《中华人民共和国公司法》《中华人民共和国证券法》 《上市公司股东大会规则》以及《生益电子股份有限公司章程》《生益电子股份 有限公司股东大会议事规则》等相关规定，特制定生益电子股份有限公司（以下 简称"公司"）2024年年度股东大会会议须知： 一、为确认出席大会的股东或其代理人或其他出席者的出席资格，会议工作 人员将对出席会议者的身份进行必要的核对工作，请被核对者给予配合。 二、为保证本次大会的严肃性和正常秩序，切实维护股东的合法权益，务必 请出席大会的股东或其代理人或其他出席者准时到达会场签到确认参会资格。在 会议主持人宣布现场出席会议的股东和代理人人数及所持有表决权的股份总数 之前，会议登记应当终止。 三、会议按照会议通知上所列顺序审议、表决议案。 四、股东及股东代理人参加股东大会依法享有发言权、质询权、表决权等权 利。股东及股 ...

请阅读最后评级说明和重要声明 丨证券研究报告丨 公司研究丨点评报告丨生益电子（688183.SH） [Table_Title] 生益电子 2024 年报点评：AI 算力产品放量，业 绩进入加速阶段 报告要点 [Table_Summary] 生益电子发布 2024 年报：2024 年，公司实现营业收入 46.87 亿元，同比增长 43.19%；实现 归母净利润 3.32 亿元，同比增长 1428.23%。从盈利能力来看，2024 年，公司分别实现毛利 率和净利率 22.73%和 7.08%，分别同比+8.17pct 和+7.84pct。 分析师及联系人 [Table_Author] 杨洋 SAC：S0490517070012 SFC：BUW100 %% %% %% %% research.95579.com 1 生益电子（688183.SH） cjzqdt11111 [Table_Title 生益电子 2024 2] 年报点评：AI 算力产品放量，业 绩进入加速阶段 [Table_Summary2] 事件描述 生益电子发布 2024 年报：2024 年，公司实现营业收入 46.87 亿元，同比增长 43.19% ...

南方财经全媒体记者程浩 东莞报道 本期看点：东莞前2月贷款增量居全省地级市首位；东莞科创金融集团累计参设41只基金，总规模超170 亿元；宏川智慧携手惠州国企加速化工仓储产业布局；快意电梯2024年净利1.32亿元，同比减少 8.46%；生益电子2024年净利润为3.32亿元，同比扭亏为盈；生益科技2024年净利润17.39亿元，同比增 长49.37%。 1、金融要闻东莞前2月贷款增量居全省地级市首位 近日，记者从中国人民银行东莞市分行获悉，截至2月末，东莞市本外币各项贷款余额1.96万亿元，同 比增长2.5%，比年初增加370亿元，增量居广东省地级市首位。其中，人民币贷款余额1.87万亿元，同 比增长4.4%。 近年来，东莞信贷资源持续流向重大战略、重点领域和薄弱环节。截至2月末，东莞全市科技型中小企 业贷款余额127亿元，同比增长33.6%，专精特新"小巨人"企业贷款余额196亿元，同比增长35.7%。今 年2月份，东莞战略性新兴产业新发放贷款248亿元，同比增长52.2%；小微企业贷款余额4122亿元，同 比增长16.0%，普惠口径小微贷款余额4109亿元，居广东省地级市首位。 2、上市公司动态宏川智慧 ...

点击招商研究小程序查看PDF报告原文 事件：公司发布24年财报，24全年收入46.9亿同比+43.2%，归母净利3.32亿，去年同期亏0.25亿， 扣非归母3.27亿，去年同期亏0.44亿，毛利率22.7%同比+8.2pcts，净利率7.1%同比+7.9pcts，拟每 10股派发现金红利2.50 元（含税）。结合公司近况，我们点评如下 ： 24Q4受益AI相关订单高速增长，收入规模创历史新高。 24年业绩大幅扭亏主要系公司持续优化产 品结构，随着市场对高层数、高精度、高密度和高可靠的多层印制电路板需求增长，收入实现同比 较大增长，净利润扭亏为盈。24Q4收入15.1亿同比+70.9%环比+25.0%，归母净利1.45亿，去年 同期亏0.07亿环比+60.8%，扣非归母1.49亿，去年同期亏0.16亿环比+71.7%，毛利率25.0%同 比+14.9pcts环比持平，净利率9.7%同比+10.5pcts环比+2.2pcts。业绩高速环增主要系亚马逊AI 服务器需求量持续向上，产品结构随高毛利的算力订单放量继续优化 。 三大产品应用领域均实现积极进展。 1）通讯领域：高速网络基础设施需求加速增长，公司与行业 头部 ...

Investment Rating - The investment rating for the company is "Accumulate" [1] Core Views - The company is expected to benefit from the rapid growth of AI-related orders, with a significant increase in revenue and profitability anticipated in 2024 and beyond [5] - The company has optimized its product structure, leading to a substantial increase in revenue and a turnaround from losses to profits [5] - The company is positioned well in three major application areas: communications, servers, and automotive electronics, with positive developments in each sector [5] Financial Performance - In 2024, the company reported total revenue of 4.69 billion, a year-on-year increase of 43.2%, and a net profit of 332 million, compared to a loss of 25 million in the previous year [1][5] - The gross margin improved to 22.7%, up by 8.2 percentage points year-on-year, while the net margin reached 7.1%, an increase of 7.9 percentage points [1] - The company plans to distribute a cash dividend of 2.50 per 10 shares (before tax) [1] Revenue Growth Projections - Revenue is projected to grow to 7.77 billion in 2025, representing a 66% increase, and further to 10.51 billion in 2026 and 13.29 billion in 2027 [6] - The company expects to achieve a net profit of 1 billion in 2025, with a growth rate of 201% [6] Product Development and Market Position - The company has made significant advancements in the communications sector, achieving breakthroughs in 800G switches and satellite communications [5] - In the server sector, AI server products have seen a substantial increase in revenue, now accounting for 49% of total revenue [5] - The automotive electronics segment is also experiencing steady growth, with ongoing orders in smart driving and energy management [5] Order and Capacity Utilization - The company reports strong order intake and high capacity utilization rates at the beginning of 2025, indicating robust demand for AI servers and related products [5] - The company is well-positioned to capitalize on the growing demand in the AI and communications markets, with ongoing expansion of high-end production capacity [5] Long-term Growth Potential - The company is expected to benefit from its established presence in the communications, high-performance computing (HPC), and automotive electronics sectors, with a strong competitive edge due to its core technologies [5] - The anticipated release of new production capacity is expected to drive sustained growth in the coming years [5]