标题：关于北京经纬恒润科技股份有限公司关联交易事项的监管工作函 证券代码：688326 证券简称：经纬恒润 监管类型：监管工作函 涉及对象：上市公司 处分日期：2024-09-03 处理事由：关于北京经纬恒润科技股份有限公司关联交易事项的监管工作函 ...

当前价格（元） 59.19 总股本（万股） 11,999.16 2024 年 09 月 02 日 公司研究 评级：增持(维持) 研究所： 证券分析师： 戴畅 S0350523120004 daic@ghzq.com.cn 联系人 ： 吴铭杰 S0350124030004 wumj@ghzq.com.cn [Table_Title] 2024 年 Q2 归母净利润环比减亏，产品矩阵持 续完善 ——经纬恒润（688326）2024 年中报点评 最近一年走势 事件: 2024 年 8 月 28 日，经纬恒润发布 2024 年中报：2024 年 H1 公司实现 营收 20.27 亿元，同比+19.4%；归母净利润-3.33 亿元，同比亏损扩大； 扣非后归母净利润-3.87 亿元，同比亏损扩大，其中 2024Q2 实现营收 11.38 亿元，同比+18.7%；归母净利润-1.42 亿元，同比亏损扩大；扣非 后归母净利润-1.67 亿元，同比亏损扩大。 投资要点: 相对沪深 300 表现 2024/09/02 2024 年 H1 营收同比+19.4%，多个业务实现较快增长。 2024 年 H1 公司实现营收 20.27 ...

证券研究报告 非金融公司|公司点评|经纬恒润（688326） 优质产品陆续量产，规模效应有望逐步 显现 请务必阅读报告末页的重要声明 glzqdatemark1 2024年08月31日 证券研究报告 |报告要点 公司发布 2024 年中报，实现营业收入 20.3 亿元，同比+19.4%；实现归母净利润-3.3 亿元， 同比亏损幅度扩大。其中 Q2 实现营收 11.4 亿元，同比+18.7%，环比+27.9%；实现归母净利 润-1.4 亿元，同比亏损幅度扩大，环比亏损收窄。 |分析师及联系人 高登 SAC：S0590523110004 请务必阅读报告末页的重要声明 1 / 5 非金融公司|公司点评 glzqdatemark2 2024年08月31日 经纬恒润(688326) 优质产品陆续量产，规模效应有望逐步显现 | --- | --- | |----------------------------|--------------| | | | | 投资评级： | | | 当前价格： | 62.19 元 | | 基本数据 | | | 总股本/流通股本(百万股 ) | 119.99/79.48 | | 流通 A 股 ...

伐谋-中小盘信息更新 中 小 盘 研 究 盈利能力小幅承压，全栈式布局下业绩修复可期 经纬恒润（688326.SH） 2024 年 08 月 29 日 ——中小盘信息更新 投资评级：买入（维持） | --- | --- | |-------------------------|--------------| | 日期 | 2024/8/28 | | 当前股价 ( 元 ) | 59.69 | | 一年最高最低 ( 元 ) | 153.95/54.73 | | 总市值 ( 亿元 ) | 71.62 | | 流通市值 ( 亿元 ) | 47.44 | | 总股本 ( 亿股 ) | 1.20 | | 流通股本 ( 亿股 ) | 0.79 | | 近 3 个月换手率 (%) | 174.22 | | --- | --- | |---------------------------|---------------------------| | | | | 任浪（分析师） | 赵旭杨（分析师） | | renlang@kysec.cn | zhaoxuyang@kysec.cn | | 证书编号： S07905191000 ...

Investment Rating - The report maintains a "Recommend" rating for the company [2][4] Core Views - The company's revenue in 2024H1 reached 2,027 million yuan, a year-on-year increase of 19.43%, while net profit attributable to the parent company was -333 million yuan, with an expanded loss margin [2] - In 2024Q2, revenue was 1,138 million yuan, up 18.72% year-on-year and 27.92% quarter-on-quarter, with a net profit attributable to the parent company of -142 million yuan, showing a narrowed loss margin quarter-on-quarter [2] - The company is actively expanding its product portfolio, with regional controllers already in mass production for a new energy vehicle model, and smart driving products covering intelligent sensors, integrated driving and parking, and high-level autonomous driving controllers [2] - The company is also advancing its internationalization strategy, securing product approvals from multiple global OEMs/Tier1s and establishing a factory in Malaysia to enhance supply chain integration [2] - The report forecasts the company's revenue for 2024-2026 to be 5,721/7,009/8,254 million yuan, with net profit attributable to the parent company of -15/294/501 million yuan, and EPS of -0.12/2.45/4.17 yuan [2][3] Financial Performance and Forecast - 2024Q2 gross margin was 20.91%, down 7.59 percentage points year-on-year and 3.77 percentage points quarter-on-quarter, while net profit margin was -12.45%, down 12.29 percentage points year-on-year but up 9.11 percentage points quarter-on-quarter [2] - The company's sales/management/R&D/financial expense ratios in 2024Q2 were 7.26%/8.13%/21.70%/-0.94%, with R&D expenses decreasing significantly quarter-on-quarter [2] - The report predicts the company's revenue growth rates for 2024-2026 to be 22.3%/22.5%/17.8%, with net profit growth rates of 93.2%/2088.8%/70.6% [3][5] - The company's gross margin is expected to remain stable at around 25.57%-27.48% from 2024 to 2026, with net profit margins turning positive from 2025 onwards [5] Business Development - The company is accelerating the iteration of distributed automotive electronic products and expanding its business boundaries by launching domain-integrated products [2] - Key products such as chassis domain controllers and AR-HUD have been successfully deployed in multiple vehicle models, with AR-HUD entering mass production for a mainstream model [2] - The company has achieved full coverage of vehicle electronic control products, aligning with the industry trend of transitioning from distributed to centralized electronic control systems [2] International Expansion - The company has secured product approvals from international clients including Stellantis, Scania, Navistar, and Magna, among others [2] - The Malaysia factory has been completed and is ramping up production, supporting the company's global supply chain strategy [2] - The company's electronic products are also being supplied to domestic customers' export models, meeting regulatory requirements in multiple countries [2]

Investment Rating - The report maintains a "Buy-A" rating for the company [4][10] Core Views - The company's H1 2024 performance met expectations, with significant growth in the automotive electronics business, although profitability was under pressure due to increased R&D investments [2][3] - The automotive electronics segment saw revenue of 1.68 billion yuan, a year-on-year increase of 32.8%, driven by high-value product launches for new clients like Xiaomi [2] - The company is well-positioned for future growth with a comprehensive product layout in automotive electronics and ongoing high R&D investments [2][3] Financial Performance Summary - H1 2024 revenue reached 2.03 billion yuan, up 19.43% year-on-year, while net profit attributable to shareholders was a loss of 330 million yuan, widening from the previous year [2] - Q2 2024 revenue was 1.138 billion yuan, reflecting an 18.72% year-on-year increase and a 27.92% quarter-on-quarter increase [2] - The gross margin for Q2 2024 was 20.91%, down 7.6 percentage points year-on-year, primarily due to the rapid growth of lower-margin automotive electronics products [2] Future Projections - Revenue projections for 2024-2026 are 5.6 billion, 6.76 billion, and 8.22 billion yuan respectively, with net profits expected to improve to -110 million, 190 million, and 340 million yuan [3][4] - The report anticipates a price-to-sales ratio of 1.6 for 2024 and a target price of 74.7 yuan within six months [3][4] Product Development and Market Position - The company has completed a comprehensive layout of vehicle electronic control products, with multiple new products entering mass production [2] - Key products include regional controllers for Xiaomi and advanced driver assistance systems based on Mobileye technology, which began mass production in Q2 2024 [2][3]

Investment Rating - The report gives a "Buy" rating for Jingwei Hengrun-W, with a target price of 61.2 RMB and a PE ratio of 410.83, 27.22, and 17.29 for 2024-2026 respectively [71][72] Core Views - Jingwei Hengrun, founded in 2003, focuses on three core businesses: electronic products, R&D services and solutions, and high-level intelligent driving solutions. In 2023, the company achieved revenue of 4.678 billion RMB, a year-on-year increase of 16.3%, but net profit attributable to the parent company was -217 million RMB, a year-on-year decrease of 192.17%, mainly due to increased R&D expenses [2] - The company is making forward-looking investments in central computing platforms and regional controllers, with intelligent driving products covering smart sensors, integrated parking and driving, and high-level autonomous driving controllers. The chassis domain controller has been deployed in multiple vehicle models [2] - The company has made breakthroughs with new customers and successfully expanded new businesses. Its automotive electronics products, including body domain controllers, intelligent driving domain controllers, and chassis domain controllers, have been mass-produced and generated revenue. The R&D services and solutions business has delivered EE development and testing projects for clients such as Changan, Zeekr, BYD, and China National Heavy Duty Truck Group, while also expanding to foreign clients like Volvo Asia Pacific, Volkswagen CARIAD, and Stellantis. The high-level intelligent driving solutions business has partnered with Yantai Port and Tangshan Port for the first time. The new AR-HUD product began mass production in the second half of last year, contributing significantly to revenue growth [2] Business Overview - Jingwei Hengrun is a comprehensive solution provider in the automotive electronics field, focusing on providing electronic products, R&D services, and high-level intelligent driving solutions for the automotive and unmanned transportation sectors. The company adheres to a strategy of "professional focus," "technological leadership," and "platform development," aiming to become a world-class integrated electronic system technology service provider, a full-stack intelligent connected vehicle solution provider, and a leader in high-level intelligent driving MaaS solutions [3] - The company has a clear division of labor among its subsidiaries, with businesses mainly concentrated in high-end equipment electronics, R&D services and solutions, automotive electronics R&D and production, and overseas business and market expansion [8] Financial Performance - From 2018 to 2023, the company's business achieved rapid growth, with a CAGR of 25%. The revenue from electronic products, R&D services and solutions, and high-level intelligent driving solutions reached 3.419 billion RMB, 1.233 billion RMB, and 12 million RMB respectively, with year-on-year growth rates of 11%, 32%, and 262%. Since 2021, the proportion of R&D services and solutions has increased, reaching 26% in 2023 [9][10] Intelligent Driving Business - The company has a product matrix covering L2, L2+, and L2++ autonomous driving levels. Its L2 products include the Forward Active Safety Camera (FAS-Cam), while L2+ products include the ADCU domain controller based on EQ6L+TDA4+TC397, which supports advanced driving assistance functions such as automatic parking and highway NOP. The L2++ product is based on Mobileye's SV52 platform, which can achieve L2.9 level autonomous driving in urban environments [19][20] - The company's L2+ high-level intelligent driving business focuses on the L2.5 product, which integrates 6 cameras, 5 millimeter-wave radars, and 12 ultrasonic radars, enabling functions such as automatic parking, highway NOP, and urban memory driving [21] - The company's L2++/L3 high-level intelligent driving business is centered on the L2.9 product, which uses Mobileye's SV52 platform with 7 8-megapixel cameras, 4 2-megapixel surround-view parking cameras, 1 front millimeter-wave radar, and 12 ultrasonic radars, enabling L2.9 autonomous driving in urban scenarios [36] Body and Comfort Domain - The company's body and comfort domain products include anti-pinch controllers, body control modules, smart cabin sensing systems, keyless entry and start systems, body domain controllers, and adaptive front lighting system controllers. These products have been mass-produced and deployed in vehicles from clients such as FAW Group, Geely, and Great Wall Motors [44][45][47] - The company has made significant progress in the development of body domain controllers, with a cumulative investment of 174 million RMB by 2023. The project integrates functions such as interior and exterior lighting, wipers, smart entry and start, seats, electric doors, windows, and OTA, and is expected to achieve MCU-side AB flashing and MPU-side intelligent diagnosis functions [49] Chassis and Intelligent Networking - The company's chassis control products include electric power steering controllers, electronic parking brake systems, and chassis domain controllers. These products have been mass-produced and deployed in vehicles from clients such as Changan, Chery, and NIO [57][59] - In the intelligent networking field, the company provides remote communication controllers (T-Box) and gateway products. The T-Box product line includes Entry, Standard, and Premium series, while the gateway products cover CAN, LIN, Flexray, and Ethernet networks, meeting the needs of different OEMs [54][56] High-Level Intelligent Driving Solutions - The company's high-level intelligent driving solutions cover multiple fields, including "vehicle-road-network-cloud-map" and operations. The core product is the Heavy Autonomous Vehicle (HAV), which integrates the company's long-accumulated technologies and mature products, including vehicle electronic and electrical architecture, intelligent networking controller components, embedded basic software, autonomous driving algorithms, chassis control algorithms, and battery management algorithms [69] Profit Forecast - The company is expected to achieve revenue of 5.434 billion RMB, 7.099 billion RMB, and 8.104 billion RMB in 2024-2026, with net profit attributable to the parent company of 17 million RMB, 260 million RMB, and 409 million RMB respectively. The EPS is expected to be 0.14 RMB, 2.17 RMB, and 3.41 RMB for the same period [71][72]

Share Structure and Voting Rights - The company has a special voting rights arrangement with A-class shares holding 6 times the voting power of B-class shares, and the initial A-class shares are 8,526,316, accounting for 7.11% of the total shares[3] - The total voting rights of A-class shares are 51,157,896, accounting for 31.46% of the company's total voting rights[3] - As of June 30, 2024, the company has converted 367,881 A-class shares to B-class shares, maintaining the special voting rights ratio at 31.46%[4] - The company's special voting rights system ensures the controlling shareholder's control while protecting the interests of B-class shareholders[4] - Ji Yingcun holds 8,158,435 Class A shares with 6 times the voting rights of Class B shares, totaling 70,275,594 voting rights, representing 45.17% of total voting rights[146] - The company initially set up 8,526,316 Class A shares, with Ji Yingcun holding 7.11% of the total shares and 31.46% of the total voting rights[145] - The total voting rights of the top 10 shareholders amount to 112,578,445, representing 72.36% of the total voting rights[144] Corporate Governance and Compliance - The company has no non-operational fund occupation by controlling shareholders or related parties[6] - The company has no violations of decision-making procedures for external guarantees[6] - The company's actual controller and major shareholders have fulfilled their commitments regarding share restrictions and related party transactions[98][99] - The company and its controlling shareholders have maintained good faith and compliance with laws and regulations during the reporting period[119] - The company's total related-party transactions amounted to 804,600 yuan, accounting for 0.0352% of similar transactions[120] - The company's related-party transactions with Sanhuan Hirain and Suzhou Zhitu were conducted at market prices, with no significant differences from market reference prices[120] - The company's controlling shareholder and actual controller, Ji Yingcun, has made commitments to avoid同业竞争, ensuring no engagement in similar businesses and transferring any competitive business opportunities to the company[108] - Ji Yingcun has also committed to规范关联交易, ensuring fair and transparent关联交易 practices to protect the interests of the company and its shareholders[108] - The company's controlling shareholder and actual controller, Ji Yingcun, commits to voting in favor of share repurchase plans that comply with regulations during board and shareholder meetings[110] - The company pledges to initiate a share repurchase process within 5 working days if it is found to have fraudulently issued shares and listed on the STAR Market[110] - The controlling shareholder, Ji Yingcun, promises to ensure the company starts the share repurchase process within 5 working days if fraudulent issuance is confirmed[110] - The company commits to implementing measures to mitigate the impact of the issuance on immediate returns and protect shareholder interests[111] - The controlling shareholder, Ji Yingcun, also commits to ensuring the company takes measures to mitigate the impact on immediate returns[111] - Shareholders holding more than 5% of shares, including Cao Xuming, Cui Wenge, and Zhang Qin, pledge to avoid and reduce related-party transactions with the company[109] - These major shareholders commit to ensuring the fairness of related-party transactions by adhering to market principles and avoiding any actions that harm the company or minority shareholders[109] - Company directors, supervisors, and senior management also commit to avoiding and reducing related-party transactions and ensuring their fairness[110] - The company's directors, supervisors, and senior management pledge to recuse themselves from voting on related-party transactions during board meetings[110] - The company and its controlling shareholder emphasize compliance with laws, regulations, and the company's articles of association to protect shareholder interests[109][110][111] - The company's controlling shareholder and actual controller commit not to interfere with the management activities of Jingwei Hirain and not to encroach on the company's interests[112] - Directors and senior management pledge not to transfer benefits to other entities or individuals under unfair conditions and to constrain personal consumption related to their positions[112] - The company promises to strictly comply with profit distribution policies and link executive compensation to the implementation of measures to fill returns[112] - The company commits to repurchasing all newly issued shares at a price not lower than the IPO price if there are false statements or omissions in the prospectus[112] - The controlling shareholder, Ji Yingcun, pledges to ensure the company repurchases shares and compensates investors for direct economic losses if the prospectus contains false information[113] - Directors, supervisors, and senior management promise to compensate investors for direct economic losses if the prospectus contains false statements or omissions[113] - The company will delay cash dividends and bonuses for board members if commitments are not fulfilled[112] - The controlling shareholder will propose remedial measures if commitments are not fulfilled and may face restrictions on stock transfers[113] - Directors and senior management may have their salaries and dividends delayed if they fail to fulfill compensation commitments[113] - The company has committed to strict measures for unfulfilled promises, including public apologies, suspension of bonuses for responsible directors, and compensation for investor losses[114][115] - The company's controlling shareholder, Ji Yingcun, has pledged to adhere to the commitments in the prospectus, with measures such as public apologies, suspension of salary, and compensation for investor losses if commitments are not met[115] - Directors, supervisors, and senior management have committed to fulfilling the prospectus commitments, with penalties including public apologies, suspension of salary, and compensation for investor losses if commitments are not met[115] - The company has committed to not providing loans or financial assistance for restricted stock obtained under the equity incentive plan[115] - Incentive recipients have committed to returning all benefits obtained from the equity incentive plan if the company's information disclosure contains false records or misleading statements[116] - The company reported no significant litigation or arbitration matters during the reporting period[119] Financial Performance and Metrics - Revenue for the reporting period (1-6 months) was RMB 2,027,001,258.37, a year-on-year increase of 19.43%[17] - Net profit attributable to shareholders of the listed company was RMB -333,375,951.07, compared to RMB -89,054,432.09 in the same period last year[17] - R&D investment accounted for 31.27% of revenue, an increase of 3.81 percentage points year-on-year[19] - Total assets at the end of the reporting period were RMB 8,888,084,006.72, a decrease of 4.71% compared to the end of the previous year[17] - Net cash flow from operating activities was RMB -726,513,424.27, compared to RMB -624,581,012.92 in the same period last year[17] - Weighted average return on equity was -7.22%, a decrease of 5.53 percentage points year-on-year[18] - Non-recurring gains and losses amounted to RMB 53,836,772.14, including government subsidies of RMB 11,838,511.99[20][22] - The company's total R&D investment increased by 36.03% year-on-year, reaching 633.9 million yuan, with the R&D investment accounting for 31.27% of the total revenue, an increase of 3.81 percentage points[38] - The capitalised R&D investment increased by 138.39% year-on-year, reaching 96.6 million yuan, accounting for 15.24% of the total R&D investment, an increase of 6.54 percentage points[38] - The company's R&D investment increased significantly due to the need for product foresight, technological innovation, and R&D personnel reserves, leading to a 36.03% increase in total R&D investment[39] - R&D capitalization ratio significantly changed due to projects entering the development phase, meeting capitalization criteria[40] - Advanced Driver Assistance System (ADAS) development project invested 6,944.47 million yuan in the current period, with a cumulative investment of 39,768.99 million yuan[41] - Passenger car body controller development project invested 4,947.55 million yuan in the current period, with a cumulative investment of 22,319.93 million yuan[43] - AR-HUD augmented reality product invested 3,424.09 million yuan in the current period, with a cumulative investment of 10,764.66 million yuan[43] - Remote communication controller development project invested 3,088.39 million yuan in the current period, with a cumulative investment of 20,130.02 million yuan[44] - Automotive electronic system development and testing toolchain project invested 2,784.29 million yuan in the current period, with a cumulative investment of 19,074.18 million yuan[44] - The company's R&D expenses for the top 10 projects in the first half of 2024 amounted to RMB 32,068.53 million, with a total investment of RMB 182,842.19 million[47] - The number of R&D personnel increased to 3,344, accounting for 51.84% of the total workforce, with a total R&D payroll of RMB 66,024.40 million[48] - Revenue increased by 19.43% to RMB 2,027,001,258.37, driven by growth in electronic product sales orders[69] - Net profit attributable to shareholders was RMB -333,376,000, impacted by increased R&D investments and hiring of over 1,000 technical and R&D personnel[58] - R&D expenses rose by 26.28% to RMB 537,301,240.61, reflecting the company's focus on product innovation and technological advancement[69] - Inventory value reached RMB 1,768,432,900, accounting for 19.90% of total assets, with contract performance costs making up 55.53% of inventory[64] - Accounts receivable stood at RMB 1,318,841,600, representing 65.06% of revenue, highlighting potential bad debt risks[65] - Gross margin faced downward pressure due to factors like customer and business structure changes, raw material price fluctuations, and market competition[63] - The company's top five customers accounted for approximately 50% of total revenue, indicating high customer concentration risk[61] - The company's monetary funds decreased by 49.18% to 1.67 billion yuan, accounting for 18.83% of total assets, primarily due to stock repurchases, structured deposits, and increased payments to suppliers and employees[71] - Other current assets increased by 164.09% to 56.56 million yuan, driven by increased debt investments and deductible input taxes[71] - Construction in progress increased by 101.10% to 348.08 million yuan, reflecting ongoing infrastructure project investments[71] - Intangible assets grew by 49.08% to 688.65 million yuan, mainly due to the acquisition of land use rights[71] - Development expenditures increased by 90.26% to 145.22 million yuan, as R&D projects entered the development phase and met capitalization criteria[72] - Short-term borrowings surged by 227.14% to 600.75 million yuan, driven by increased operational and cash management needs[72] - Overseas assets totaled 142.20 million yuan, representing 1.60% of total assets[73] - The company's investment in financial assets at fair value decreased by 80.02% to 61.50 million yuan compared to the same period last year[76] - Foreign exchange derivatives generated an investment income of 586,400 yuan during the reporting period[79] - The company has implemented strict risk control measures for foreign exchange derivatives, including selecting simple and liquid products, and only engaging with large banks and financial institutions[81] - Total guarantee amount (A+B) is RMB 40,077.67 million, accounting for 9.13% of the company's net assets[126] - Direct or indirect guarantee amount for entities with a debt-to-asset ratio exceeding 70% is RMB 18,918.94 million[126] - Total guarantee amount for subsidiaries during the reporting period is RMB 37,411.31 million[126] - Total funds raised from the initial public offering (IPO) are RMB 3,630,000,000.00, with net proceeds after deducting issuance costs of RMB 3,488,017,400.24[127] - Cumulative investment in raised funds as of the reporting period end is RMB 2,287,292,809.93, representing 65.58% of the total net proceeds[127] - Investment in raised funds during the current year is RMB 416,328,255.72, accounting for 11.94% of the total net proceeds[127] - The total planned investment for the "Jingwei Hirain Digital Capability Enhancement Project" is RMB 253.6 million, with a cumulative investment of RMB 167.68 million, achieving 66.12% of the planned progress[128] - The "Jingwei Hirain Nantong Automotive Electronics Production Base Project" has a total planned investment of RMB 726.25 million, with a cumulative investment of RMB 387.16 million, achieving 53.31% of the planned progress[130] - The "Jingwei Hirain Tianjin R&D Center Construction Project" has a total planned investment of RMB 911.98 million, with a cumulative investment of RMB 571.36 million, achieving 62.65% of the planned progress[130] - The "Jingwei Hirain Tianjin New Factory" project, a new initiative, has a total planned investment of RMB 600 million, with a cumulative investment of RMB 164.9 million, achieving 27.48% of the planned progress[130] - The "Permanent Working Capital Supplement" project has been fully invested with RMB 996.19 million, achieving 100% of the planned progress[130] - The company has authorized the use of up to RMB 1.7 billion in idle raised funds for cash management, with a current balance of RMB 1.142 billion as of the reporting period[131] - The total number of shares decreased by 8,400, with the proportion of restricted shares dropping from 34.46% to 33.76% and the proportion of unrestricted shares increasing from 65.54% to 66.24%[133] - The company's initial public offering (IPO) strategic placement restricted shares totaling 826,446 shares were released for trading on April 19, 2024[134] - The company repurchased and canceled 8,400 restricted shares from 4 incentive recipients who left the company, effective April 30, 2024[134] - As of the end of the reporting period, the total number of ordinary shareholders was 7,246[136] - The top 10 shareholders held a total of 29,483,419 shares, representing 24.57% of the total shares, with the largest shareholder being Ji Yingcun[139] - The top 10 shareholders with unrestricted shares held a total of 13,807,449 shares, with the largest being Cao Xuming[139] - The company's restricted shares decreased by 826,446 shares during the reporting period, with a total of 592,000 shares remaining restricted[135] - The company's restricted shares are expected to be released in batches on December 21, 2024, 2025, 2026, and 2027, totaling 592,000 shares[135] - The company's top 10 shareholders include both individual and institutional investors, with no significant changes in shareholding structure[139] - The company's top 10 shareholders with unrestricted shares include both individual and institutional investors, with no significant changes in shareholding structure[139] - Ji Yingcun holds 29,471,499 restricted shares, which will be tradable on October 19, 2025[141] - Beijing Fangyuan Jiuzhou Investment Center holds 2,344,161 restricted shares, tradable on April 19, 2025[141] - Beijing Tiangang Shanqiu Investment Center holds 1,935,607 restricted shares, tradable on April 19, 2025[141] - Beijing Tiangang Xinli Investment Center holds 1,772,632 restricted shares, tradable on April 19, 2025[141] - Beijing Heli Shunying Investment Center holds 1,712,354 restricted shares, tradable on April 19, 2025[141] - The company's 2023 equity incentive plan includes 15 incentive objects holding 6,000 restricted shares, with staggered vesting dates starting from December 21, 2024[142] - The company's total assets decreased from 9,327,735,166.29 to 8,888,084,006.72 from December 31, 2023, to June 30, 2024[151][152] - The company's cash and cash equivalents decreased from 3,292,541,677.77 to 1,673,237,634.56 during the same period[151] - Inventory increased from 1,619,902,363.30 to 1,768,432,902.50, indicating a growth in stock levels[151] - Accounts receivable increased slightly from 1,285,216,866.29 to 1,318,841,558.30[151] - The company's short-term borrowings increased significantly from 183,636,417.06 to 600,750,942.34[152] - Total current liabilities increased from 3,872,823,984.10 to 4,067,334,531.43[152] - The company's intangible assets grew from 461,938,150.14 to 688,649,849.61, reflecting potential investments in intellectual property or technology[151] - Development expenditure increased from 76,325,245.07 to 145,215,684.73, indicating higher R&D spending[151] - The company's total non-current assets increased from 2,672,018,071.30 to 3,273,545,257.06, showing growth in long-term investments[151] - The company's total liabilities increased from 3,872,823,984.10 to 4,067,334,531.43, reflecting a rise in financial obligations[152] - Total liabilities increased to 4.5 billion RMB, up from 4.33 billion RMB in the previous period[153] - Owner's equity decreased to 4.39 billion RMB from 5.00 billion RMB, a decline of 12.3%[153] - Total assets decreased to 8.89 billion RMB from 9.33 billion RMB, a reduction of 4.7%[153] - Monetary funds decreased to 1.17 billion RMB from 1.74 billion RMB, a drop of 32.6%[154] - Accounts receivable increased to 1.2 billion RMB from 1

证券代码：688326 证券简称：经纬恒润 公告编号：2024-064 北京经纬恒润科技股份有限公司 第二届董事会第八次会议决议公告 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、董事会会议召开情况 北京经纬恒润科技股份有限公司（以下简称"公司"）董事会于 2024 年 8 月 16 日以电子邮件方式发出召开第二届董事会第八次会议的通知，于 2024 年 8 月 23 日发出补充通知，会议于 2024 年 8 月 26 日通过现场结合通讯方式召开并作 出决议。会议应到董事 9 名，实到董事 9 名，会议由公司董事长吉英存先生主 持。本次会议的召集、召开以及表决情况符合《中华人民共和国公司法》（以下 简称"《公司法》"）和《北京经纬恒润科技股份有限公司章程》（以下简称"《公 司章程》"）等的相关规定。 二、董事会会议审议情况 经与会董事充分讨论，会议形成一致决议如下： 1. 审议通过《关于公司<2024 年半年度报告>及其摘要的议案》 根据《公司法》《中华人民共和国证券法》（以下简称"《证券法》"）等法律 法规、规范性文 ...

中信证券股份有限公司 关于北京经纬恒润科技股份有限公司 全资子公司通过增资实施股权激励及公司放弃优先认购权 暨关联交易的核查意见 中信证券股份有限公司（以下简称"中信证券"或"保荐机构"）作为北京经纬 恒润科技股份有限公司（以下简称"经纬恒润"或"公司"）首次公开发行股票并在 科创板上市及进行持续督导的保荐机构，根据《中华人民共和国公司法》《中华 人民共和国证券法》《首次公开发行股票注册管理办法》《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》等有关法律法规的规定，中 信证券对公司全资子公司通过增资实施股权激励及公司放弃优先认购权暨关联 交易的事项进行了认真、审慎的核查，具体情况如下： 一、本次增资概述 （一）本次增资的基本情况 为进一步落实公司的发展战略，优化全资子公司北京润科通用技术有限公司 （以下简称"润科通用"）的资本结构，同时建立健全润科通用的长效激励机制， 提升润科通用的运营及管理效率、可持续发展能力及核心竞争力，吸引和留住优 秀人才，有效地将各方利益结合在一起，实现价值共创、利益共享，促进员工与 润科通用的共同成长及发展，润科通用拟通过增资扩股形式引入天津润泽通恒投 资合伙 ...