Financial Performance - The company reported a revenue of ¥3,149,554,276.53 in 2024, a decrease of 10.33% compared to ¥3,512,257,599.54 in 2023[22]. - Net profit attributable to shareholders was ¥165,532,525.91, down 42.18% from ¥286,286,690.85 in the previous year[22]. - The basic earnings per share decreased to ¥0.49, a decline of 42.35% from ¥0.85 in 2023[23]. - The net cash flow from operating activities was negative at -¥126,840,851.17, significantly lower than ¥236,312,714.33 in 2023, indicating a cash flow decrease of 153.68%[22]. - The company's total assets increased to ¥7,045,471,402.41, a growth of 1.00% from ¥6,975,471,192.88 in 2023[22]. - The company achieved operating revenue of ¥3,149,554,276.53, a year-on-year decrease of 10.33%[32]. - The net profit attributable to shareholders was ¥165,532,525.91, down 42.18% year-on-year, primarily due to a slowdown in the lithium battery industry and intensified market competition[32]. - The company reported a year-over-year industry decrease of approximately 15%[73]. - The revenue from energy storage batteries decreased by 23.75% to approximately ¥2.25 billion, with a gross profit margin of 25.05%[100]. - The company raised approximately ¥549.02 million through financing activities, a decrease of 40.78% compared to ¥927.13 million in the previous year[98]. Research and Development - Research and development expenses accounted for 7.48% of revenue, an increase of 0.61 percentage points from 6.87% in 2023[24]. - R&D expenses totaled ¥235,610,311.29, representing 7.48% of operating revenue, with significant advancements in laser technology and new product development[35]. - The company has maintained a high level of R&D investment while controlling operating expenses, focusing on technological innovation and product quality[35]. - The company achieved 8 major core technologies, including the "Real-time Laser Energy Feedback Control Technology," which enhances laser output stability and reduces defect rates[57]. - The company has established extensive R&D collaborations with several universities and research institutes, enhancing its technological capabilities[87]. - The company’s R&D investment reached ¥235,610,311.29, accounting for 7.48% of total revenue[87]. - The number of R&D personnel is 1,758, representing 40.41% of the total workforce[86]. - The average salary of R&D personnel increased to ¥17.11 from ¥16.70 in the previous period[86]. Corporate Governance - The company has confirmed that all board members attended the board meeting, ensuring governance compliance[7]. - The company has not reported any instances where more than half of the directors could not guarantee the authenticity and completeness of the annual report[12]. - The company has not disclosed any special arrangements for corporate governance[9]. - The company emphasizes that forward-looking statements in the report do not constitute substantive commitments to investors[9]. - The company has maintained compliance with governance regulations, ensuring no significant discrepancies with the requirements set by the China Securities Regulatory Commission[140]. - The company has established a robust governance structure, with no major changes in the board composition during the reporting period[140]. - The company’s information disclosure practices are managed by the board secretary, ensuring timely and accurate communication with shareholders[140]. - The company has a total of 4,350 employees, with 2,430 in the parent company and 1,920 in major subsidiaries[162]. Market and Competitive Position - The company reported a significant increase in cash outflows from investment activities, totaling approximately -¥507.65 million, primarily due to increased investment in factory construction[99]. - The company is actively expanding its non-lithium business, particularly in the consumer electronics sector, with successful production of laser welding equipment for top international clients[34]. - The company has reported a 160% increase in orders from overseas markets, with successful expansions in Germany and Japan[40]. - The company is focusing on market expansion in the new energy sector, particularly in the production of batteries for electric vehicles and humanoid robots[75]. - The company is exploring potential acquisitions to enhance its market position, with a budget of $10 million allocated for this purpose[143]. - The company plans to enter two new international markets by Q2 2024, aiming for a 5% contribution to overall revenue[143]. Risk Management - The company has outlined various operational risks and corresponding mitigation measures in the report[6]. - The company faces risks related to high customer concentration in the power battery industry, which may affect accounts receivable collection and overall financial stability[94]. Environmental and Social Responsibility - The company has invested 40.16 million yuan in environmental protection during the reporting period[191]. - The company does not belong to key pollutant discharge units and has not received any administrative penalties for environmental issues during the reporting period[192][193]. - The company implements clean production measures aimed at energy conservation, consumption reduction, pollution reduction, and efficiency enhancement[199]. - The company’s products are primarily used in the production of power batteries for new energy vehicles, contributing to environmental improvement and sustainable development[199]. Shareholder Returns - The company plans to distribute a cash dividend of 1.50 RMB per 10 shares, totaling approximately 51.20 million RMB, which represents 30.93% of the net profit attributable to shareholders[172]. - Over the last three accounting years, the cumulative cash dividend amount is approximately 142.53 million RMB, with an average net profit of about 237.57 million RMB, resulting in a cash dividend ratio of 60%[174]. - The company emphasizes shareholder rights protection and has developed reasonable dividend plans to maintain shareholder interests[189].

| 报告期指标 | 2024年年报 | 2023年年报 | 本年比上年增减(%) | 2022年年报 | | --- | --- | --- | --- | --- | | 基本每股收益（元） | 0.4900 | 0.8500 | -42.35 | 0.8900 | | 每股净资产（元） | 9.22 | 8.89 | 3.71 | 5.91 | | 每股公积金(元) | 5.24 | 5.23 | 0.19 | 2.74 | | 每股未分配利润(元) | 2.64 | 2.36 | 11.86 | 1.93 | | 每股经营现金流(元) | - | - | - | - | | 营业收入(亿元) | 31.5 | 35.12 | -10.31 | 28.22 | | 净利润(亿元) | 1.66 | 2.86 | -41.96 | 2.67 | | 净资产收益率(%) | 5.38 | 10.23 | -47.41 | 16.14 | 一、主要会计数据和财务指标 10派1.5元(含税) 数据四舍五入，查看更多财务数据>> 二、前10名无限售条件股东持股情况 前十大流通股东累计持有： 9607.58万股，累计 ...

深圳市联赢激光股份有限公司 章 程 2025 年 4 月 | - | | --- | | . | | ار | | 第一章 | 总则 2 | | --- | --- | | 第二章 | 经营宗旨和范围 3 | | 第三章 | 股份 3 | | 第一节 | 股份发行 3 | | 第二节 | 股份增减和回购 6 | | 第三节 | 股份转让 7 | | 第四章 | 股东和股东大会 9 | | 第一节 | 股东 9 | | 第二节 | 股东大会的一般规定 11 | | 第三节 | 股东大会的召集 15 | | 第四节 | 股东大会的提案与通知 16 | | 第五节 | 股东大会的召开 18 | | 第六节 | 股东大会的表决和决议 21 | | 第五章 | 董事会 25 | | 第一节 | 董事 25 | | 第二节 | 董事会 29 | | 第六章 | 总经理及其他高级管理人员 35 | | 第七章 | 监事会 37 | | 第一节 | 监事 37 | | 第二节 | 监事会 38 | | 第八章 | 财务会计制度、利润分配和审计 40 | | 第一节 | 财务会计制度 40 | | 第二节 | 内部审计 44 ...

证券代码：688518 证券简称：联赢激光 公告编号:2025-005 深圳市联赢激光股份有限公司 关于使用暂时闲置募集资金进行现金管理的公告 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。 深圳市联赢激光股份有限公司（以下简称"公司"）于2025年4月11日召开了 第五届董事会第六次会议及第五届监事会第五次会议，审议通过了《关于使用暂 时闲置募集资金进行现金管理的议案》，同意公司（含全资子公司江苏联赢有限 公司（以下简称"江苏联赢"））在保证不影响公司募集资金投资计划正常进行 的前提下，使用最高不超过人民币18,000万元的暂时闲置向特定对象发行股票募 集资金进行现金管理，用于购买安全性高、流动性好的、有保本约定的投资产品 （包括但不限于结构性存款、协定存款、通知存款、定期存款、大额存单、收益 凭证等），其中收益凭证购买总额不超过人民币6,000万元，使用期限不超过12 个月，自董事会、监事会审议通过之日起12个月之内有效。在前述额度及期限范 围内，公司（含全资子公司江苏联赢）可以循环滚动使用资金。授权公司（含全 资子公 ...

证券代码：688518 证券简称：联赢激光 公告编号：2025-006 | | | 深圳市联赢激光股份有限公司 关于变更公司注册资本、修订《公司章程》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。 深圳市联赢激光股份有限公司（以下简称 "公司"）于 2025 年 4 月 11 日召 开第五届董事会第六次会议，审议通过了《关于变更公司注册资本并修订<公司 章程>的议案》。具体情况如下： 根据中国证券登记结算有限责任公司上海分公司于 2025 年 2 月 21 日出具的 《证券变更登记证明》，深圳市联赢激光股份有限公司（以下简称 "公司"）已 完成2021年限制性股票激励计划预留授予部分第三个归属期共7.52万股的股份 登记工作。归属股票于 2025 年 2 月 28 日上市流通，公司 2021 年限制性股票激 励计划预留授予部分第三个归属期所有股份已完成归属。公司股份总数由 341,249,895 股增加至 341,325,095 股。具体内容详见公司 2025 年 2 月 25 日于 上海证券交易所网站（www.s ...

证券代码：688518 证券简称：联赢激光 公告编号：2025-004 深圳市联赢激光股份有限公司 第五届监事会第五次会议决议公告 本公司监事会及全体监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、监事会会议召开情况 深圳市联赢激光股份有限公司（以下简称"公司"）第五届监事会第五次会议 于2025年4月11日在公司会议室以现场与通讯表决相结合的方式召开，会议通知于 2025年4月4日以书面及邮件等方式送达至公司全体监事。本次会议由监事会主席 陈晓杰召集并主持，应到监事3人，实到监事3人。本次会议的召集和召开程序符 合《中华人民共和国公司法》（以下简称"《公司法》"）和《深圳市联赢激光股 份有限公司章程》等相关规定，会议形成的决议合法、有效。 二、监事会会议审议情况 本次会议经与会监事认真审议并表决，一致通过了如下事项： （一）审议并通过《关于使用暂时闲置募集资金进行现金管理的议案》。 具体内容详见公司同日在上海证券交易所网站（www.sse.com.cn）披露的 《深圳市联赢激光股份有限公司关于使用暂时闲置募集资金进行现金管理的公告》 ...

证券代码：688518 证券简称：联赢激光 公告编号：2025-003 深圳市联赢激光股份有限公司 第五届董事会第六次会议决议公告 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。 二、董事会会议审议情况 一、董事会会议召开情况 本次会议经与会董事认真审议并表决，一致通过了如下事项： 深圳市联赢激光股份有限公司（以下简称"公司"） 第五届董事会第六次会议（以 下简称"本次会议"）于 2025 年 4 月 11 日在公司会议室以现场与通讯表决相结合的方式 召开，会议通知于 2025 年 4 月 4 日以书面及邮件等方式送达至公司全体董事。本次会 议由公司董事长韩金龙召集和主持；会议应到董事 7 人，实到董事 7 人。本次会议的 召集和召开程序、出席会议人员的资格和表决程序均符合《中华人民共和国公司法》 和《深圳市联赢激光股份有限公司章程》等相关规定，会议形成的决议合法、有效。 （一）审议通过《关于使用暂时闲置募集资金进行现金管理的议案》。 具体内容详见公司同日在上海证券交易所网站（www.sse.com.cn）披露的《深圳市 ...

依据中国证券监督管理委员会出具的《关于同意深圳市联赢激光股份有限 公司向特定对象发行股票注册的批复》（证监许可〔2022〕2965号），公司本 次向特定对象发行股票36,330,275股，发行价格为每股27.25元，募集资金总额 为人民币989,999,993.75元，扣除各项发行费用（不含税）人民币17,074,184.29 元后，实际募集资金净额为人民币972,925,809.46元。本次发行募集资金已于 2023年1月17日全部到位，天健会计师事务所（特殊普通合伙）于2023年1月17 日对本次发行募集资金的到位情况进行了审验，并出具了《验资报告》（天健 验〔2023〕3-4号）。公司依照规定对募集资金采取了专户存储管理，并与保荐 人、募集资金专户监管银行签订了《募集资金专户存储三方监管协议》，公司 及全资子公司江苏联赢与保荐人、募集资金专户银行签订了《募集资金专户存 储四方监管协议》。 二、本次使用暂时闲置募集资金进行现金管理的基本情况 中信证券股份有限公司 关于深圳市联赢激光股份有限公司 使用暂时闲置募集资金进行现金管理的核查意见 中信证券股份有限公司（以下简称"中信证券"或"保荐人"）作为深圳 市 ...

Investment Rating - The report maintains a positive outlook on the mechanical industry, recommending investment in domestic circulation, major infrastructure, and self-controllable sectors [5]. Core Insights - The report forecasts Q1 2025 performance for 14 key mechanical companies, with growth rates exceeding 20% for several firms, including XianDao Intelligent (30%), Baichu Electronics (25%), and Sany Heavy Industry (25%) [5][6]. - The human-shaped robot industry is progressing towards commercialization, with significant developments expected in 2025, driven by major players like Tesla and Huawei [5]. - Railway investment remains resilient, with a 5.1% year-on-year increase in fixed asset investment in early 2025, highlighting ongoing infrastructure projects [5]. - The engineering machinery sector is approaching a cyclical turning point, with signs of recovery in demand and improved profitability due to increased overseas revenue [5]. - Domestic brands in electronic measurement instruments are expected to accelerate their market share due to low current localization rates and increasing competitiveness [5]. Summary by Sections Mechanical Companies Performance Forecast - Companies with growth rates over 20% include XianDao Intelligent (30%), Baichu Electronics (25%), Sany Heavy Industry (25%), and others [5][6]. - Companies with growth rates between 10%-20% include Yizhiming (19%), Rilian Technology (18%), and others [5][6]. - Companies with growth rates between 0%-10% include Lianying Laser (6%) [5][6]. Robotics and Components - The human-shaped robot industry is entering a new phase of commercialization, with various forms of robots being tested in real-world applications [5]. - Key companies to watch include Greentech Harmonic, Mingzhi Electric, and others [5]. Rail Transportation - Fixed asset investment in railways reached 68.54 billion yuan in early 2025, with significant projects enhancing network efficiency [5]. - Recommended companies include China CNR and Siwei Control [5]. Engineering Machinery - The sector is showing signs of recovery after a prolonged downturn, with improved profitability and demand expected to drive new machine sales [5]. - Key recommendations include Sany Heavy Industry, Xugong Machinery, and others [5]. Domestic Instruments - The report highlights the low localization rate of electronic measurement instruments and the competitive edge of domestic brands [5]. - Recommended companies include Puyuan Precision and others [5].

Investment Rating - The report maintains a "Buy" rating for the company [2] Core Views - The company benefited from successful acceptance of consumer electronics orders, leading to a significant increase in net profit margin in Q4. Despite underperformance in the lithium battery business, Q4 net profit margin showed notable improvements year-on-year and quarter-on-quarter, primarily due to the high-margin consumer electronics business [9] - The lithium battery business is focusing on exports, new technology increments, and renovation demands. The company is actively expanding overseas and has received several targeted and intended orders from clients. New technologies, such as solid-state batteries, are driving demand for laser welding equipment [9] - The non-lithium battery business is gaining a higher order share, improving the profit structure. Orders from non-lithium sectors, including consumer electronics and medical devices, have higher gross margins compared to lithium orders. In the first three quarters of 2024, non-lithium orders accounted for 39% of new signed orders [9] - The profit forecast has been adjusted downward due to the slowdown in the lithium battery business acceptance pace. Expected net profits for 2024-2026 are 175 million, 298 million, and 495 million respectively, with corresponding P/E ratios of 35, 20, and 12. The company's valuation is below the average of comparable companies, indicating potential for growth despite short-term pressures [9] Financial Data and Earnings Forecast - The company reported a total revenue of 3.214 billion in 2024, a year-on-year decrease of 8.49%, with a net profit of 175 million, down 38.74% year-on-year. Q4 revenue was 1.014 billion, up 5.90% year-on-year and 36.35% quarter-on-quarter, with a net profit of 81 million, up 137.89% year-on-year and 85.04% quarter-on-quarter [5][10] - Revenue and profit forecasts for 2024E to 2026E are as follows: total revenue of 3.501 billion in 2025E and 4.133 billion in 2026E, with net profits of 298 million and 495 million respectively [7][10]