普源精电：控股子公司进项税转出 财联社11月21日电，普源精电公告，经公司自查，控股子公司北京 普源需转出2021年1月1日至2024年5月31日一般项目下分摊的增值税进项税金1,600.46万元，补缴增值税 9.41万元及滞纳金1.41万元。 截至本公告披露日，公司已完成了上述进项税金转出、补缴税款和滞纳金的缴纳。 ...

证券代码：688337 证券简称：普源精电 公告编号：2024-110 普源精电科技股份有限公司 关于召开 2024 年第三季度 业绩说明会的公告 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： 会议召开时间：2024 年 12 月 2 日(星期一) 下午 15:00-16:00 会 议 召 开 地 点 ： 上海证券 交易所上证路演中心（ 网 址 ： https://roadshow.sseinfo.com/） 会议召开方式：上证路演中心网络互动 投资者可于 2024 年 11 月 25 日(星期一)至 11 月 29 日(星期五)16:00 前登 录上证路演中心网站首页点击"提问预征集"栏目或通过普源精电科技股份有限 公司（以下简称"公司"）邮箱 ir@rigol.com 进行提问。公司将在说明会上对投 资者普遍关注的问题进行回答。 公司已于 2024 年 10 月 29 日发布公司 2024 年第三季度报告，为便于广大投 资者更全面深入地了解公司 2024 年第三季度的经营成果、财务状况，公司计划 于 ...

证券代码：688337 证券简称：普源精电 公告编号：2024-109 公司上述进项税金转出、补缴税费及滞纳金事项不属于《企业会计准则第 28 号——会计政策、会计估计变更和差错更正》规定的前期会计差错。上述进 项税金转出、补缴增值税产生的滞纳金将计入公司 2024 年当期损益，预计将影 响公司 2024 年度归属于上市公司股东的净利润约 1,361.80 万元，最终以 2024 年度经审计的财务报表为准。敬请广大投资者注意投资风险。 普源精电科技股份有限公司 特此公告。 关于控股子公司进项税转出的公告 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。 普源精电科技股份有限公司（以下简称"公司"）控股子公司北京普源科技 有限公司（以下简称"北京普源"）近期对涉税业务开展了自查，现将有关事项 公告如下： 一、 进项税金转出及补缴税款情况 经公司自查，北京普源需转出 2021 年 1 月 1 日至 2024 年 5 月 31 日一般项 目下分摊的增值税进项税金 1,600.46 万元，补缴增值税 9.41 万元及滞纳金 1.41 ...

Investment Rating - The report maintains a "Buy" rating for the company, with a target price of 53.35 CNY per share, compared to the current price of 48.50 CNY [6]. Core Insights - The company reported significant profit growth, with Q3 2024 revenue reaching 530 million CNY, a year-over-year increase of 13.1%. The net profit attributable to shareholders was 60 million CNY, down 11.6% year-over-year, while the adjusted net profit was 20 million CNY, down 27.0% year-over-year. In Q3 alone, revenue was 230 million CNY, up 40.8% year-over-year, and net profit was 50 million CNY, up 138.4% year-over-year, with a gross margin of 60.8% [4][5]. Summary by Sections Financial Performance - For the first three quarters of 2024, the company achieved a revenue of 530 million CNY, with a year-over-year growth of 13.1%. The Q3 revenue alone was 230 million CNY, reflecting a 40.8% increase year-over-year. The gross margin improved to 60.8%, up 2.6 percentage points year-over-year, while the net profit margin reached 23.0%, an increase of 9.4 percentage points year-over-year [4][5]. Product Development - High-end oscilloscope products have seen significant sales growth, with the sales of the DHO series high-resolution digital oscilloscopes increasing by 71% year-over-year. The revenue from high-end digital oscilloscopes (bandwidth ≥ 2GHz) surged by 145% year-over-year, accounting for 42% of total oscilloscope sales, an increase of 18 percentage points year-over-year [4]. Strategic Initiatives - The company has realized synergies with the acquisition of Naisou Electronics, enhancing its market, product, and technology capabilities. In Q3 2024, the sales revenue from solutions reached 30.56 million CNY [4]. Profit Forecast - The company is expected to achieve net profits of 109 million CNY, 156 million CNY, and 205 million CNY for the years 2024, 2025, and 2026, respectively. The report anticipates a continued increase in gross margin and a reduction in expenses due to the ramp-up of high-end product sales [4][5].

Investment Rating - The investment rating for the company is "Outperform the Market" [3][10] Core Views - The company reported a significant increase in net profit for the third quarter, with a year-on-year growth of 138% driven by the strong performance of high-end products [1] - Despite a year-to-date decline in net profit of 11.65%, the company achieved a revenue growth of 5.35% in the first three quarters of 2024, indicating resilience in a challenging market [1] - The company is positioned as a leader in the domestic general electronic measurement instrument sector, benefiting from the trend of domestic substitution and a high-end product strategy that enhances profitability [1][3] Financial Performance Summary - For the first three quarters of 2024, the company achieved revenue of 535 million yuan, a year-on-year increase of 13.14%, while net profit was 60 million yuan, down 11.65% [1] - In Q3 2024, the company reported revenue of 228 million yuan, up 40.80% year-on-year, and net profit of 52 million yuan, reflecting a 138.42% increase [1] - The gross margin for the first three quarters of 2024 was 58.44%, with a net margin of 11.24%, showing improvements in profitability metrics [1] - The R&D expense ratio for the first three quarters was 27.80%, indicating a continued commitment to innovation and product development [1] Product and Market Insights - The sales of self-developed products significantly increased, with the proportion of sales from self-developed high-end digital oscilloscopes reaching 89% in Q3 2024, up 13.5 percentage points year-on-year [1] - The DHO series high-resolution digital oscilloscopes saw a revenue increase of 71.21% year-on-year, contributing to the overall growth in high-end product sales [1] - The company’s strategy to enhance product performance and expand its high-end offerings is expected to drive future growth despite current industry pressures [1][3]

Investment Rating - The investment rating for the company is "Buy" (maintained) [1] Core Views - The company reported Q3 2024 results that exceeded market expectations, with a significant increase in high-end product sales contributing to overall revenue growth [4] - The company achieved a revenue of 535 million yuan in the first three quarters of 2024, representing a year-on-year increase of 13.14%, while the net profit attributable to shareholders was 60 million yuan, down 11.65% [3][4] - The company has been increasing its R&D investments, with Q3 2024 R&D expenses amounting to 61 million yuan, indicating a commitment to innovation and long-term growth [4] Summary by Sections Financial Performance - In Q3 2024, the company achieved a revenue of 228 million yuan, up 40.80% year-on-year, and a net profit of 52 million yuan, up 138.42% year-on-year [3][4] - The gross margin for Q3 2024 reached 60.84%, an increase of 2.60 percentage points year-on-year [4] - The company’s operating cash flow for Q3 2024 was 64 million yuan, with a weighted average return on equity of 2.04% [3] Revenue and Profit Forecast - The company is expected to achieve revenues of 791 million yuan, 949 million yuan, and 1.146 billion yuan for the years 2024, 2025, and 2026 respectively [5] - The net profit attributable to shareholders is forecasted to be 109 million yuan, 142 million yuan, and 194 million yuan for the same years [5] Market Position and Strategy - The sales of the company's self-developed digital oscilloscope products accounted for 89% of total sales in Q3 2024, reflecting a 13.50 percentage point increase year-on-year [4] - The company is focusing on high-end products, with sales of high-resolution digital oscilloscopes increasing by 71.21% year-on-year and high-end digital oscilloscopes by 144.93% [4] - The company is expanding its R&D capabilities with new centers in Xi'an and Shanghai, which is expected to positively impact future performance [4]

Investment Rating - The report maintains a "Buy" rating for the company [1][6] Core Views - The company achieved a significant year-on-year growth in revenue and net profit in Q3 2024, with revenue reaching 228 million yuan, up 40.80%, and net profit attributable to shareholders reaching 52.49 million yuan, up 138.42% [2] - The company's high-end products, particularly the DHO series high-resolution digital oscilloscopes, showed strong sales growth, with a 71.21% increase in revenue, and high-end digital oscilloscopes (bandwidth ≥2GHz) saw a 144.93% increase in revenue, accounting for 41.83% of total digital oscilloscope sales [2] - The company's gross margin improved to 60.84% in Q3 2024, up 2.60 percentage points year-on-year, driven by the high-end and self-developed core technology platform products [3] Financial Performance - For the first three quarters of 2024, the company reported revenue of 535 million yuan, up 13.14% year-on-year, but net profit attributable to shareholders decreased by 11.65% to 60.13 million yuan [1] - The company's R&D expenses in Q3 2024 were 60.77 million yuan, with increased investment in R&D personnel salaries, material consumption, and equipment depreciation [3] - The company's operating efficiency improved, with a combined decrease of 4.06 percentage points in R&D, sales, and management expense ratios [3] Market Performance - The company's stock price increased by 25.1% over the past month and 64.8% over the past three months, outperforming the CSI 300 index, which decreased by 3.2% and increased by 13.0% respectively [4] - The company's current stock price is 43.53 yuan, with a 52-week price range of 22.04-50.68 yuan, and a total market capitalization of 8.45 billion yuan [4] Future Projections - The company is expected to achieve revenues of 792 million yuan, 848 million yuan, and 997 million yuan in 2024, 2025, and 2026 respectively, with net profits attributable to shareholders of 117 million yuan, 153 million yuan, and 203 million yuan [3][7] - The company's gross margin is projected to increase from 61% in 2024 to 66% in 2026, with ROE improving from 4% in 2024 to 6% in 2026 [9] Product and Technology - The sales proportion of digital oscilloscopes equipped with the company's self-developed core technology platform reached 89.00% in Q3 2024, up 13.50 percentage points year-on-year [2] - The company has established R&D centers in Xi'an and Shanghai, accelerating product development and enhancing its technological capabilities [3]

Investment Rating - The report maintains an "Accumulate-A" investment rating for the company [2][4]. Core Views - The company has shown a significant improvement in operational efficiency with a notable decrease in expense ratios during Q3, alongside increased R&D investments aimed at high-end electronic measurement instruments, indicating a sustainable growth trajectory [1][4]. - The company reported a revenue of 535 million yuan for the reporting period, reflecting a year-on-year growth of 13.14%, while the net profit attributable to shareholders decreased by 11.65% [2][4]. - The Q3 performance indicates a turning point with a substantial revenue increase of 40.80% year-on-year and a net profit growth of 138.42% year-on-year, driven by strong sales of high-resolution digital oscilloscopes [3][4]. Summary by Sections Financial Performance - In Q3, the company achieved a revenue of 228 million yuan, a year-on-year increase of 40.80% and a quarter-on-quarter increase of 45.85%. The net profit for the same period was 52 million yuan, marking a year-on-year increase of 138.42% [3][4]. - The gross margin reached 60.84% in Q3, a record high, benefiting from an optimized product mix and high-end products [3][4]. R&D and Operational Efficiency - The company has increased its R&D spending, with the R&D expense ratio rising to 27.80%, which is expected to positively impact future performance [1][4]. - The overall expense ratio improved significantly in Q3, with combined R&D, sales, and management expenses decreasing by 4.06% year-on-year, contributing to a net profit margin increase of 6.18% [1][4]. Future Projections - The company’s contract liabilities stood at 38 million yuan at the end of Q3, reflecting a year-on-year growth of 22.58%, indicating a robust order backlog and enhanced order acquisition capabilities [4]. - The profit forecasts for 2024-2026 are adjusted to 100 million yuan, 150 million yuan, and 190 million yuan respectively, with expected year-on-year growth rates of -4.3%, 40.1%, and 31.2% [4].