证券代码：688516 证券简称：奥特维 公告编号：2024-043 转债代码：118042 转债简称：奥维转债 无锡奥特维科技股份有限公司 关于公司提供担保的进展公告 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： 被担保人名称：均系公司合并报表范围内子公司，无锡奥特维 智能装备有限公司（以下简称"智能装备"）、无锡松瓷机电有限公 司（以下简称"松瓷机电"）、无锡奥特维旭睿科技有限公司（以下 简称"旭睿科技"）、无锡奥特维科芯半导体技术有限公司（以下简 称"科芯技术"），均系无锡奥特维科技股份有限公司（以下简称"公 司"）的控股子公司。 本次担保是否有反担保：有。 截至本公告披露日，公司已为智能装备提供担保总额 0.02 亿元， 担保余额为 4.48 亿元；已为松瓷机电提供担保总额为 3.50 亿元，担 保余额为 6.50 亿元；已为旭睿科技提供担保总额为 2.51 亿元，担保 余额为 2.49 亿元；已为科芯技术提供担保总额为 0.04 亿元，担保余 额为 0.46 亿元。 关联关系说明：公司董事长、 ...

Investment Rating - The report maintains a "Buy" rating for the company, indicating an expectation that the company's stock price will outperform the benchmark index by more than 20% over the next 6-12 months [2][8]. Core Insights - The company achieved significant growth in 2023, with total revenue reaching 6.302 billion RMB, a year-on-year increase of 78.05%, and a net profit attributable to shareholders of 1.256 billion RMB, up 76.10% year-on-year. The company's platform strategy is showing initial success, supporting future growth [2][4]. - All business segments experienced rapid revenue growth, with solar equipment, lithium battery equipment, and semiconductor businesses generating revenues of 5.364 billion RMB, 347 million RMB, and 21 million RMB, respectively, reflecting growth rates of 79.15%, 165.13%, and 365.34% [2][4]. - The company demonstrated excellent cost control, maintaining a net profit margin of 19.91%, which is an increase of 0.28 percentage points year-on-year, despite a slight decline in overall gross margin to 36.55% [2][4]. Financial Performance Summary - In 2023, the company reported total revenue of 6,302.20 million RMB, with a gross profit margin of 36.55%, down 2.38 percentage points from the previous year. The net profit attributable to shareholders was 1,255.82 million RMB, reflecting a net profit margin of 19.91% [4][6]. - The company expects to achieve revenues of 8.749 billion RMB, 11.291 billion RMB, and 14.075 billion RMB for the years 2024, 2025, and 2026, respectively, with corresponding net profits of 1.735 billion RMB, 2.326 billion RMB, and 2.904 billion RMB [3][5]. - The report projects a PE ratio of 14.1, 10.6, and 8.4 for the years 2024, 2025, and 2026, respectively, indicating a favorable valuation outlook [3][5].

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Investment Rating - The investment rating for the company is "Buy" (maintained) [1] Core Views - The company has achieved a significant revenue growth of 78.05% year-on-year, with total revenue reaching 6.302 billion yuan in 2023, driven by active market expansion and increased sales scale [1][2] - The net profit attributable to shareholders increased by 76.10% year-on-year, amounting to 1.256 billion yuan, indicating strong profitability [1][2] - The company has a robust order backlog, with signed sales orders totaling 13.094 billion yuan in 2023, a 77.57% increase from 2022, and an order backlog of 13.204 billion yuan as of December 31, 2023, up 80.33% year-on-year [1][2] Summary by Relevant Sections Financial Performance - In Q4 2023, the company reported revenue of 2.063 billion yuan, a year-on-year increase of 80.79% and a quarter-on-quarter increase of 19.84% [1] - The gross margin for 2023 was 36.55%, with a net margin of 19.91%, reflecting a slight increase of 0.28 percentage points compared to the previous year [1] - The company’s earnings per share (EPS) for 2023 was 5.60 yuan, with projected EPS for 2024, 2025, and 2026 at 8.28, 10.88, and 13.42 yuan respectively [3][6] Market Expansion - The company has accelerated its international expansion, achieving overseas revenue of 999.8 million yuan in 2023, a 62.57% increase year-on-year, with products sold in over 40 countries [2] - The establishment of wholly-owned subsidiaries in Japan and Singapore aims to enhance research and trade activities abroad [2] Product Development - The company has successfully developed new products, including a high-speed stringing machine and laser-assisted sintering equipment, which have gained traction in the market [2] - The semiconductor segment has seen orders for high-precision equipment, marking a breakthrough in exports [2]

证券代码：688516 证券简称：奥特维 公告编号：2024-042 转债代码：118042 转债简称：奥维转债 无锡奥特维科技股份有限公司 可转债转股结果暨股份变动公告 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： 累计转股情况：截至 2024 年 3 月 31 日，"奥维转债"累计有 人民币 24,000 元已转换为公司股票，转股数量为 192 股，占"奥维 转债"转股前公司已发行股份总额的 0.000085%。 本季度转股情况： "奥维转债"自 2024 年 2 月 19 日起可转 换为公司股份，自 2024 年 2 月 19 日至 2024 年 3 月 31 日期间，"奥 维转债"共有人民币 24,000 元已转换为公司股票，转股数量为 192 股，占"奥维转债"转股前公司已发行股份总额的 0.000085%。 一、可转债发行上市概况 （一）可转换公司债券发行情况 根据中国证券监督管理委员会出具的《关于同意无锡奥特维科技 股份有限公司向不特定对象发行可转换公司债券注册的批复》（证监 1 许可【2 ...

%% research.95579.com %% 丨证券研究报告丨 联合研究丨公司点评丨奥特维（ ） 688516.SH [奥Ta特b维le_：Title] 年业绩、订单均实现高增，产品 2023 线持续拓展夯实长期竞争力 报告要点 [公Ta司bl发e_布Su2m0m23ar年y]年报，营收和业绩维持高增，规模效应体现明显，费用成本控制能力进一步 优化。同时公司新接订单和在手订单均创新高，在手订单充裕有望夯实 2024 年业绩提升。公 司多条业务线推进延伸，技术护城河持续加固，串焊机、硅片分选机、单晶炉、激光辅助烧结 设备、铝线键合机等产品有望多点开花，夯实公司长期竞争力。平台化效应持续显现，看好公 ...

[Table_Header] 公司点评●机械设备 2024年 03 月27 日 [Table_Title] [Table_StockCode] 订单及业绩高增速，平台化布局迈向深 奥特维(688516.SH) 入 [Table_InvestRank] 推荐 (维持) 分析师 [事Ta件ble：_S ummary] [鲁Ta佩b le_Authors] ⚫ 公司发布 2023 年报，公司 2023 年营收 63.02 亿元，同比增长 78.05%；实现 ：02120257809 归属于母公司所有者的净利润 125,582.37 万元，比去年同期增长 76.10%。 ：lupei_yj@chinastock.com.cn 核心观点： 分析师登记编码：S0130521060001 ⚫ 充沛订单保障营收高增，毛利率略有下降，预计后续随新业务规模扩大和 管理效率提升毛利逐步修复。公司2023年营收63.02亿元，同比增长78.05%， 研究助理 贾新龙 营收高增速受益于光伏、锂电等多点开花。归母净利润 12.56亿元，同比增长 ：02120257807 76.10%。毛利率 36.55%，同比-2.37pct，主 ...

证券代码：688516 证券简称：奥特维 无锡奥特维科技股份有限公司投资者关系活动记录表 投资者 □特定对象调研 □分析师会议 □媒体采访 √业绩说明会 关系活 □新闻发布会 □路演活动 □现场参观 √电话会议 动类别 参与单 易方达、嘉实基金、博时基金、南方基金、鹏华基金、景顺长城、国泰基金、中欧基金、红杉 位名称 资本、Morgan Stanley等共计412家投资机构及证券公司 时间 2024年3月26日 10:00-11:30 地点 公司会议室 上市公 董事长葛志勇先生、董事李文先生、董事会秘书周永秀女士、财务总监殷哲先生、研发总 司 接待人 员姓名 监季斌斌先生、证券部李翠芬、陶敏燕、张秋仪、缪子健 投资者关系活动主要内容 （一）2023年度公司业绩情况介绍 公司2023年度实现收入63.02亿元，同比增长78.05%；归母净利润12.56亿元， 同比增长76.10%；扣非归母净利润11.67亿元，同比增长75.09%；2023年度经营性现 金流7.82亿元，总资产为156.17亿元。 费用方面，2023年度，公司管理费用25,654.89万元，同比增长44.94%；研发费 用32,730,77万元 ...

Investment Rating - Buy (maintained) [1] Core Viewpoints - The company achieved a revenue of 6,302 million yuan in 2023, a year-on-year increase of 78.05%, and a net profit attributable to the parent company of 1,256 million yuan, a year-on-year increase of 76.10% [4] - The company signed sales orders of 13,094 million yuan in 2023, a year-on-year increase of 77.57%, and had orders on hand of 13,204 million yuan at the end of 2023, a year-on-year increase of 80.33% [4] - The company's TOPCon 0BB welding process has been mass-produced, which is expected to support high order growth in 2024 [4] - The company is expected to achieve net profits of 1,861 million yuan, 2,475 million yuan, and 2,953 million yuan in 2024, 2025, and 2026, respectively [5] Market Performance - The company's stock price has shown significant growth compared to the CSI 300 index, with absolute gains of 24.87%, 30.76%, and 14.55% over the past 1, 2, and 3 months, respectively [2] Financial Performance and Forecast - The company's revenue is expected to grow from 6,302 million yuan in 2023 to 15,535 million yuan in 2026, with a compound annual growth rate (CAGR) of 22.4% [6] - Net profit is forecasted to increase from 1,256 million yuan in 2023 to 2,953 million yuan in 2026, with a CAGR of 19.3% [6] - The company's gross margin is expected to remain stable at around 36% from 2023 to 2026 [6] - The company's ROE (Return on Equity) is projected to be 34.3% in 2023, gradually declining to 27.0% by 2026 [6] Industry and Product Development - The company has made significant progress in semiconductor equipment, including the development of a 12-inch wafer dicing machine and silver paste die bonder [4] - The company has successfully developed a thick copper wire bonding head suitable for automotive-grade IGBT modules, meeting 90% of the market's copper wire bonding needs [4] - The company has also developed a high-precision, high-speed inspection device compatible with gold, copper, and aluminum wires, with a precision of ±3 microns and a UPH (Units Per Hour) of 30K [4] Valuation Metrics - The company's P/E ratio is expected to decrease from 16.19 in 2024 to 8.00 in 2026, indicating potential undervaluation [7] - The P/B ratio is projected to decline from 5.55 in 2024 to 2.16 in 2026, reflecting a potential improvement in valuation [7] - The EV/EBITDA ratio is forecasted to decrease from 12.82 in 2024 to 5.78 in 2026, suggesting a more attractive valuation over time [7]

| 证券代码：688516 | 证券简称：奥特维 | 公告编号：2024-038 | | --- | --- | --- | | 转债代码：118042 | 转债简称：奥维转债 | | 无锡奥特维科技股份有限公司 第三届董事会第五十一次会议决议公告 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。 一、董事会会议召开情况 无锡奥特维科技股份有限公司（以下简称"公司"）第三届董事会第五十一次 会议于 2024 年 3 月 27 日以现场结合通讯方式召开。本次会议由公司董事长葛志勇 主持，应到会董事 9 名，实际到会董事 9 名。监事会成员列席本次会议。本次会议 的召集、召开符合《中华人民共和国公司法》及《公司章程》的规定，会议决议合 法、有效。 二、董事会会议审议情况 本次会议由公司董事长葛志勇先生主持，经全体董事表决，形成决议如下： （一）审议通过《关于作废部分已授予尚未归属的限制性股票的议案》 根据《上市公司股权激励管理办法》（以下简称"《管理办法》"）《上海证 券交易所科创板股票上市规则》（以下简称"《上市规则》"）、公 ...