深圳市中科蓝讯科技股份有限公司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： ? 是否涉及差异化分红送转：否 ? 每股分配比例 每股现金红利1.00元 证券代码：688332 证券简称：中科蓝讯 公告编号：2025-019 ? 相关日期 股权登记日 除权（息）日 现金红利发放日 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深圳市中科蓝讯科技股份有限公司（以下简称"公司" 或"本公司"）2025 年 4 月 29 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股东。 本次利润分配以方案实施前的公司总股本120,305,250股为基数，每股派发现 金红利1.00元（含税），共计派发现金红利120,305,250元。 三、相关日期 股权登记日 除权（息）日 现金红利发放日 四、分配实施办法 （1）对于持有公司无限售条件流通股的自然 ...

证券代码：688332 证券简称：中科蓝讯 公告编号：2025-019 深圳市中科蓝讯科技股份有限公司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： 每股现金红利1.00元 相关日期 | 股权登记日 | 除权（息）日 | 现金红利发放日 | | --- | --- | --- | | 2025/5/15 | 2025/5/16 | 2025/5/16 | 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深圳市中科蓝讯科技股份有限公司（以下简称"公司" 或"本公司"）2025 年 4 月 29 日的2024年年度股东大会审议通过。 二、分配方案 1. 发放年度：2024年年度 2. 分派对象： 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股东。 3. 分配方案： 本次利润分配以方案实施前的公司总股本120,305,250股为基数，每股派发现 金红利1.00元（含税），共计派发现金 ...

Investment Rating - The report maintains a "Recommended" rating for the company [2][6]. Core Insights - In Q1 2025, the company achieved revenue of 367 million yuan, a year-on-year increase of 1.20%, but a quarter-on-quarter decrease of 35.68%. The net profit attributable to shareholders was 45 million yuan, down 18.21% year-on-year and down 51.93% quarter-on-quarter. For the full year 2024, the company reported total revenue of 1.819 billion yuan, a year-on-year increase of 25.72%, and a net profit of 300 million yuan, up 19.23% year-on-year [3][4]. - The company is focusing on expanding its high-end brand customer base while maintaining strong growth in revenue and profit. In 2024, the company sold over 2 billion wireless audio chips, capturing a significant market share. It has successfully entered the supply chains of major brands such as Xiaomi, realme, Honor, and Philips, which will drive future growth [4][5]. - The company is investing heavily in R&D, with Q1 2025 R&D expenses reaching 46 million yuan, a year-on-year increase of 53.59%. This investment is aimed at product upgrades and meeting the fast-paced demands of the market [4][5]. Financial Summary - The company forecasts revenue growth from 1.819 billion yuan in 2024 to 2.354 billion yuan in 2025, representing a growth rate of 29.4%. Net profit is expected to rise from 300 million yuan in 2024 to 388 million yuan in 2025, with a growth rate of 29.2% [7][9]. - The projected earnings per share (EPS) are expected to increase from 2.49 yuan in 2024 to 3.22 yuan in 2025, with a price-to-earnings (PE) ratio decreasing from 41 to 31 over the same period [7][10].

Investment Rating - The report maintains a "Recommended" rating for the company [2][6]. Core Insights - In Q1 2025, the company achieved revenue of 367 million yuan, a year-on-year increase of 1.20%, but a quarter-on-quarter decrease of 35.68%. The net profit attributable to shareholders was 45 million yuan, down 18.21% year-on-year and down 51.93% quarter-on-quarter. For the full year 2024, the company reported total revenue of 1.819 billion yuan, a year-on-year increase of 25.72%, and a net profit of 300 million yuan, up 19.23% year-on-year [3][4]. - The company is focusing on expanding its high-end brand customer base while maintaining strong growth in revenue and profit. In 2024, the company sold over 2 billion wireless audio chips, capturing a significant market share. It has successfully entered the supply chains of several domestic and international brands, including Xiaomi and Philips, which will drive future growth [4][5]. - The company is investing heavily in R&D, with Q1 2025 R&D expenses reaching 46 million yuan, a year-on-year increase of 53.59%. This investment is aimed at product iteration and meeting the fast-paced demands of the market [4][5]. Financial Summary - The company forecasts revenue growth from 1.819 billion yuan in 2024 to 2.354 billion yuan in 2025, representing a growth rate of 29.4%. The net profit is expected to grow from 300 million yuan in 2024 to 388 million yuan in 2025, with a growth rate of 29.2% [7][9]. - The projected earnings per share (EPS) are expected to increase from 2.49 yuan in 2024 to 3.22 yuan in 2025, with a price-to-earnings (PE) ratio decreasing from 41 to 31 over the same period [7][9].

Core Viewpoint - The article discusses the impact of recent tariff policies on A-share companies, identifying "quality mispriced stocks" that are less affected by these tariffs and have defensive attributes [2][11]. Group 1: Market Impact - In April 2025, the Shanghai Composite Index fell by 1.7%, and the CSI 300 Index dropped by 3%, marking the highest monthly decline for the same period in nearly three years [3]. - On April 7, both indices experienced declines exceeding 7%, with over 3,000 stocks hitting their daily limit down [3]. - Stocks with significant overseas revenue were particularly affected, with those having over 70% of their revenue from abroad seeing an average decline of over 5% in April [3]. Group 2: Identification of Mispriced Stocks - Over 240 stocks reported limited or no impact from tariffs, with around 140 of these stocks experiencing declines of over 3% in April [7]. - The majority of these "mispriced stocks" are concentrated in the electronics, machinery, and power equipment sectors, with 28, 14, and 13 stocks respectively [7]. - Specific examples of stocks that were significantly affected include 麦格米特 (Maguimi), 淳中科技 (Chunzhong Technology), and 中科蓝讯 (Zhongke Lanyun), which saw declines exceeding 25% [9]. Group 3: Quality Mispriced Stocks - Among the identified "quality mispriced stocks," 17 stocks are noted for their potential growth, with a projected net profit increase of over 20% in 2025 [12]. - Notable stocks include 立讯精密 (Luxshare Precision), 歌尔股份 (GoerTek), and 天孚通信 (Tianfu Communication), which experienced declines of 24.55%, 18.97%, and 18.97% respectively in April [12]. - The article highlights that some of these stocks have consistently paid dividends and show growth potential, with 13 out of 17 stocks expected to see net profit increases of over 30% in 2025 [12][13].

Group 1 - Zhongke Lanyun (688332.SH) reported its Q1 2025 earnings on April 30, 2025, with 51 institutional investors holding a total of 55.099 million shares, representing 45.80% of the total share capital [1] - The top ten institutional investors collectively hold 41.46% of the shares, with a 1.43 percentage point increase compared to the previous quarter [1] Group 2 - In the public fund sector, 26 funds increased their holdings, accounting for 2.83% of the total, including notable funds such as Xinao New Energy Industry Stock and Xinao Leading Intelligent Selection Mixed Fund [2] - Three public funds decreased their holdings, showing a slight decline, while 16 new public funds were disclosed this period [2] - A total of 191 public funds were not disclosed in this period, indicating a significant turnover in the public fund landscape [2]

Group 1: Hanbell Precise Machinery - The company expects a revenue of 3.674 billion yuan in 2024, a decrease of 4.62% year-on-year, and a net profit of 863 million yuan, down 0.28% [1] - In Q1 2025, revenue is projected to be 606 million yuan, a decline of 19.09%, with a net profit of 118 million yuan, down 19.58% [1] - The main business includes compressors and vacuum pumps, with applications in various fields such as commercial air conditioning and food cold chain [1] Group 2: Zhongke Lanyun - In Q1 2025, net profit decreased by 18.21% due to a 53.59% increase in R&D investment [2] - The company is expanding its product lines to ten categories, including Bluetooth headset chips and smart speaker chips [2] - The impact of U.S. tariff policies on the company's overall business is minimal [2] Group 3: Jinhaitong - In Q1 2025, the company achieved a revenue of 129 million yuan, a year-on-year increase of 45.21%, and a net profit of 25.66 million yuan, up 72.29% [3] - The growth is attributed to the recovery in demand for semiconductor packaging and testing equipment [3] - The company plans to enhance operational efficiency and focus on testing machines with more applications [3] Group 4: Huaxiang Co., Ltd. - In 2024, the company reported a core business sales volume of 451,000 tons, a year-on-year increase of 23.7%, and an overall revenue of 3.83 billion yuan, up 17.3% [4] - The net profit margin was 11.8%, with a net profit of 470 million yuan, an increase of 20.9% [4] - In Q1 2025, revenue continued to grow to 980 million yuan, a 3.5% increase, with a net profit margin of 13.2% [4]

Core Viewpoint - The company has a low dependency on the U.S. market, and the recent tariff adjustments by the U.S. government will have minimal impact on its overall business [2] Group 1: Business Impact and Financial Performance - The company's net profit attributable to shareholders decreased by 18.21% year-on-year in Q1 2025, primarily due to a significant increase in R&D investment, which reached 45.7735 million yuan, a year-on-year increase of 53.59% [2] - Revenue in Q1 remained flat year-on-year, influenced by seasonal fluctuations and external factors, with the consumer electronics peak season concentrated in Q3 and Q4 each year [2] - The company anticipates record-high revenue in Q4 2024, but Q1 2025 saw a decline in shipment volume due to seasonal factors such as the Spring Festival and Ramadan [2] Group 2: Product Development and Market Strategy - The company plans to expand its product line from eight categories to ten, adding video chips and Wi-Fi chips, focusing on AI headphones and smart glasses [3] - The Xunlong series chips utilize a multi-core architecture and support cloud-based large model connections, with the BT896X series already applied in Baidu's AI tablet robot [3] - The BT895X chip collaborates with Huoshan Engine to adapt to Doubao's large model, enabling real-time translation and meeting minutes, and is featured in FIIL's open AI headphones [3]

Core Viewpoint - The company reported a slight increase in revenue but a significant decline in net profit for the first quarter, indicating potential challenges in profitability despite revenue growth [1][2]. Financial Performance - The company achieved operating revenue of 367.30 million yuan, a year-on-year increase of 1.2% [2]. - The net profit attributable to shareholders was 44.89 million yuan, down 18.21% compared to the previous year [2]. - The net profit after deducting non-recurring gains and losses was 36.67 million yuan, reflecting a decrease of 19.93% year-on-year [2]. - The net cash flow from operating activities was negative at -11.57 million yuan, a significant decline from a positive 10.65 million yuan in the same period last year [2]. - Basic and diluted earnings per share were both 0.37 yuan, down 19.57% from 0.46 yuan [2]. - The weighted average return on equity decreased to 1.11%, down 0.33 percentage points from the previous year [2]. Research and Development - The company increased its R&D investment to 45.77 million yuan, a 53.59% increase year-on-year [2]. - R&D expenditure accounted for 12.46% of operating revenue, up 4.25 percentage points from the previous year [2]. - The company has launched several new chip series, including the BT897X series, which features advanced capabilities for AI applications and improved power efficiency [2]. Strategic Outlook - The company aims to enhance its market competitiveness by diversifying its chip products to meet varying brand needs from entry-level to mid-to-high-end products [3]. - The strategic focus includes "AI empowerment, technological leadership, product diversification, and global market expansion" [3]. - The company plans to expand its product lines from eight to ten, including Bluetooth earphone chips, smart wearable device chips, and video chips [3]. - The company is committed to strengthening its domestic market presence while accelerating its overseas market expansion [3].

证券代码：688332 证券简称：中科蓝讯 公告编号：2025-018 深圳市中科蓝讯科技股份有限公司 本次股东大会由公司董事会召集，由董事长黄志强先生主持会议，会议采取 现场投票和网络投票相结合的方式进行表决。会议的召集、召开程序和表决方式 符合《公司法》和《公司章程》的规定。 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。 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 （一） 股东大会召开的时间：2025 年 4 月 29 日 （二） 股东大会召开的地点：深圳市南山区侨香路 4068 号智慧广场 A 栋 1301-1 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 | 105 | | --- | --- | | 普通股股东人数 | 105 | | 2、出席会议的股东所持有的表决权数量 | 62,772,215 | | 普通股股东所持有表决权数量 | 62,772,21 ...