证券代码：688612 证券简称：威迈斯 公告编号：2025-029 深圳威迈斯新能源（集团）股份有限公司 第三届董事会第四次会议决议公告 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 深圳威迈斯新能源（集团）股份有限公司（以下简称"公司"）第三届董事 会第四次会议，于 2025 年 4 月 27 日发出会议通知，并于 2025 年 5 月 7 日以现 场与通讯表决相结合的方式召开。本次会议应参与董事 7 名，实际参与董事 7 名。董事长万仁春先生主持本次会议，董事会会议的召集、召开及表决程序符合 国家有关法律、法规及《公司章程》的规定。 二、董事会会议审议情况 本次会议审议通过了如下议案： （一）审议通过《公司 2025 年限制性股票激励计划（草案）及其摘要》 为进一步建立、健全公司长效激励约束机制，吸引和留住优秀人才，充分调 动公司员工的积极性，有效地将股东利益、公司利益和员工个人利益结合在一起， 使各方共同关注公司的长远发展，确保公司经营目标的实现，公司在保障股东利 益的前提下，按照收益与贡 ...

证券代码：688612 证券简称：威迈斯 深圳威迈斯新能源（集团）股份有限公司 2024 年年度股东大会 会议资料 二零二五年五月 | 2024 | 年年度股东大会会议议程 5 | | | --- | --- | --- | | 2024 | 年年度股东大会会议议案 7 | | | | 议案一：《公司 2024 年年度报告全文及其摘要》 | 7 | | | 议案二：《公司 年度董事会工作报告》 2024 | 8 | | | 议案三：《公司 2024 年度监事会工作报告》 | 15 | | | 议案四：《公司 年度财务决算报告》 19 2024 | | | | 议案五：《公司 2025 年度财务预算报告》 23 | | | | 议案六：《公司 年度利润分配预案》 25 2024 | | | | 议案七：《关于公司 2025 年度申请综合授信额度及担保额度预计的预案》 27 | | | | 议案八：《关于公司 年度董事薪酬方案的议案》 2025 | 31 | | | 议案九：《关于公司 2025 年度监事薪酬方案的议案》 | 32 | | | 议案十：《关于拟续聘会计师事务所的议案》 | 33 | 深圳威迈斯新能 ...

证券时报·数据宝统计显示，5月6日共有12只科创板股发生大宗交易，合计成交21笔，累计成交量522.69 万股，成交额合计2.30亿元。 12只科创板股大宗交易平台今日发生交易，合计成交2.30亿元。 资金流向方面，今日发生大宗交易的科创板股中，有7股获主力资金净流入，净流入资金居前的有芯动 联科、爱科赛博、凌云光等，净流入资金为1755.59万元、1156.24万元、886.49万元，净流出资金居前 的有希荻微、灿芯股份、东微半导等，净流出资金为2155.66万元、866.68万元、369.54万元。 科创板股5月6日大宗交易概况 | 代码 | 简称 | 成交笔 | 大宗交易数量 | 平均成交价格 | 相对收盘价折溢价 | 大宗交易金额 | | --- | --- | --- | --- | --- | --- | --- | | | | 数 | （万股） | （元） | （%） | （万元） | | 688333 | 铂力特 | 1 | 127.05 | 68.00 | -0.41 | 8639.46 | | 688536 | 思瑞浦 | 1 | 39.00 | 155.77 | 0.00 | 6075. ...

Investment Rating - The investment rating for the company is "Buy" (maintained) [1] Core Views - The company's 2024 annual report and 2025 Q1 report performance met expectations, with 2024 revenue of 6.4 billion yuan, a year-on-year increase of 15%, and a net profit attributable to shareholders of 400 million yuan, a year-on-year decrease of 20% [7] - The product structure is continuously optimized, with high growth expected from 800V products and overseas markets in 2025, which is anticipated to enhance profitability [7] - The company has stable market share in the power supply segment and significant growth in the electric drive business, with a projected increase in sales volume and revenue [7] Financial Performance Summary - Total revenue for 2023 is projected at 5.523 billion yuan, with a year-on-year growth of 44.09%, and net profit attributable to shareholders at 502.4 million yuan, reflecting a year-on-year increase of 70.47% [1] - For 2024, total revenue is expected to reach 6.372 billion yuan, with a year-on-year growth of 15.39%, while net profit is forecasted to decline to 400.18 million yuan, a decrease of 20.34% [1] - The company anticipates a net profit of 514.81 million yuan in 2025, representing a year-on-year increase of 28.64% [1] Product and Market Insights - The company’s vehicle power supply revenue for 2024 is expected to be 5.1 billion yuan, with a year-on-year increase of 4%, while the electric drive business is projected to grow significantly, with a revenue increase of 418% [7] - The average selling price of vehicle power supplies is expected to stabilize, with 800V products and overseas sales showing strong performance [7] - The company has secured contracts with major automotive manufacturers, which is expected to further enhance market share in 2025 [7] Research and Development - R&D expenses are projected to grow significantly, with a stable expense ratio, indicating a commitment to innovation and product development [7] - The company’s operating cash flow for 2024 is expected to be 1.027 billion yuan, reflecting a year-on-year increase of 41% [8]

Investment Rating - The investment rating for the company is "Buy" (maintained) [1] Core Views - The company's 2024 annual report and 2025 Q1 report performance met expectations, with 2024 revenue of 6.4 billion and a year-on-year increase of 15%. However, the net profit attributable to shareholders decreased by 20% to 400 million [7] - The product structure is continuously optimized, with high growth expected from 800V products and overseas markets in 2025, which is anticipated to enhance profitability [7] - The company has stable market share in the power supply segment and significant growth in the electric drive business, with a projected revenue increase of 15% for electric drive products in 2025 [7] Financial Performance Summary - Total revenue for 2023 is projected at 5.523 billion, with a year-on-year growth of 44.09%. For 2024, revenue is expected to reach 6.372 billion, reflecting a 15.39% increase [1] - The net profit attributable to shareholders is forecasted to be 502.4 million for 2023, decreasing to 400.18 million in 2024, a decline of 20.34% [1] - The earnings per share (EPS) is expected to be 1.19 in 2023, dropping to 0.95 in 2024, before recovering to 1.22 in 2025 [1] Market Data Summary - The closing price of the company's stock is 24.24 yuan, with a market capitalization of 10.204 billion [5] - The price-to-earnings (P/E) ratio is currently 20.31, projected to decrease to 11.98 by 2027 [1][8] - The company has a net asset value per share of 7.94 yuan and a debt-to-asset ratio of 54.95% [6] Research Insights - The company’s revenue from vehicle power supplies in 2024 is expected to be 5.1 billion, with a 4% year-on-year increase, while electric drive revenue is projected to grow by 418% to 9.6 billion [7] - The average selling price of vehicle power supplies is expected to stabilize in 2025, with a projected gross margin increase due to new product launches and international sales [7] - R&D investment is growing rapidly, with operating cash flow increasing by 41% in 2024 [7]

证券代码：688612 证券简称：威迈斯 公告编号：2025-028 深圳威迈斯新能源（集团）股份有限公司 关于以集中竞价交易方式回购股份的进展公告 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、准确性和完整性承担法律责任。 重要内容提示： | 回购方案首次披露日 | 2024/9/25 | | --- | --- | | 回购方案实施期限 | 年 月 年 月 日 2024 10 10 日~2025 10 9 | | 预计回购金额 | 5,000万元~10,000万元 | | 回购用途 | √减少注册资本 √用于员工持股计划或股权激励 | | | □用于转换公司可转债 | | | □为维护公司价值及股东权益 | | 累计已回购股数 | 2,391,331股 | | 累计已回购股数占总股本比例 | 0.5681% | | 累计已回购金额 | 60,413,817.48元 | | 实际回购价格区间 | 21.67元/股~30.39元/股 | 一、回购股份的基本情况 深圳威迈斯新能源（集团）股份有限公司（以下简称"公司"）分别于 2024 年 9 月 24 日 ...

Core Viewpoint - The company reported a revenue of 6.372 billion yuan for 2024, a year-on-year increase of 15.39%, but a net profit attributable to shareholders of 400 million yuan, a year-on-year decrease of 20.34%. For Q1 2025, revenue was 1.353 billion yuan, a year-on-year decrease of 1.02%, and net profit was 101 million yuan, a year-on-year decrease of 11.70%. The Q1 performance was below expectations due to intense market competition, but the company is expected to continue breaking through technical barriers and expanding both domestic and international markets [1]. Financial Performance - In Q4 2024, the company's gross margin and net margin decreased by 9.23 and 6.01 percentage points year-on-year, respectively. For Q1 2025, these margins decreased by 1.42 and 0.97 percentage points year-on-year. The decline in margins is primarily attributed to intensified domestic market competition [2]. - The revenue from the vehicle-mounted power supply and electric drive systems in 2024 increased by 3.53% and 418.39% year-on-year, respectively. The gross margins for these segments changed by +0.65 and -2.25 percentage points year-on-year [2]. Market Position and Trends - The trend towards integration and high voltage in the industry is evident, with the market share of multi-in-one electric drive products exceeding 25% in Q4 2024. The company’s electric drive system revenue saw a significant increase of 418.39% [3]. - The company holds a 19.00% and 29.41% market share in the Chinese passenger vehicle onboard charger and third-party supply markets, ranking second and first, respectively [3]. Domestic and International Market Strategy - The company is solidifying its domestic market presence with multiple domestic automaker partnerships, including a collaboration with SAIC Audi for its first pure electric model and project designations with Great Wall Motors [4]. - Internationally, the company has secured project designations with Renault, Aston Martin, and Ferrari, and has begun mass production deliveries to Stellantis. The construction of a production base in Thailand is underway, which will aid in global market expansion [4]. Profit Forecast and Valuation - Due to intense market competition and increased R&D investments, the company has adjusted its gross margin and operating expense assumptions. The projected net profits for 2025-2026 are 492 million yuan and 644 million yuan, representing downward adjustments of 16.49% and 15.23%, respectively. The projected net profit for 2027 is 754 million yuan, with a CAGR of 23.80% from 2025 to 2027 [5]. - The target price for the company is set at 27.15 yuan based on a PE ratio of 23.24 for 2025, down from a previous estimate of 29.66 yuan [5].

Investment Rating - The investment rating for the company is "Buy" (maintained) [1] Core Views - The company has shown a revenue increase of 15.39% year-on-year, reaching 6.37 billion yuan in 2024, while the net profit attributable to shareholders decreased by 20.34% to 400 million yuan [3][6] - The company is a leading third-party supplier of vehicle power systems and is making significant progress in international markets, maintaining a strong outlook for future growth [3][4] - The projected net profits for 2025 and 2026 are adjusted to 598 million yuan and 780 million yuan, respectively, with an estimated EPS of 1.42 yuan and 1.85 yuan [3][6] Financial Summary - In 2024, the company achieved a revenue of 6.37 billion yuan, with a year-on-year growth of 15.39% [3][6] - The gross margin for the vehicle power business was 18.06%, showing a slight increase of 0.65 percentage points year-on-year, while the electric drive system's gross margin was 10.18%, down by 2.25 percentage points [3] - The company’s total assets are projected to reach 10.26 billion yuan in 2025, with total liabilities of 6.39 billion yuan [8] Business Performance - The vehicle power segment generated revenue of 5.11 billion yuan in 2024, up 3.53% year-on-year, with sales volume increasing by 20.36% to 2.42 million units [3][6] - The electric drive system segment saw a remarkable revenue increase of 418.39% year-on-year, reaching 960 million yuan [3][6] - The company has established partnerships with major automotive manufacturers, including SAIC Audi and Stellantis, enhancing its market position [4]

Group 1: Overview of Electric Vehicle Wireless Charging - Electric vehicle wireless charging technology transmits power through underground power rails using high-frequency alternating magnetic fields, allowing vehicles to receive energy without large battery packs, thus extending their range and enhancing safety and convenience [1][2][25] - The wireless charging technology is categorized into static and dynamic charging, with static charging allowing vehicles to charge automatically when parked, while dynamic charging enables vehicles to receive energy while in motion, significantly reducing range anxiety [4][10] Group 2: Market Development and Trends - The global electric vehicle wireless charging market reached a scale of $100 million in 2023 and is expected to exceed $200 million in 2024, indicating a growing market potential as the number of new energy vehicles increases and core technologies advance [25] - The development trends in wireless charging technology focus on achieving multi-vehicle charging capabilities, optimizing power transmission efficiency, and enhancing stability and safety during the charging process [27] Group 3: Industry Background and Policies - China's automotive industry has embraced electric and intelligent transformation, with significant achievements in the new energy vehicle sector, leading to a robust supply chain and a competitive international market presence [10][12] - The Chinese government has supported the exploration of wireless charging technology through various policies, emphasizing the need for new charging technologies to improve convenience and reliability [16][18] Group 4: Current Status and Key Players - Several automotive companies, including BMW, Tesla, and domestic brands like SAIC and BYD, have been actively developing and commercializing wireless charging technologies, with notable advancements in both static and dynamic charging solutions [21][23] - As of 2024, the number of electric vehicles in China is projected to reach 31.4 million, with a significant portion being pure electric vehicles, highlighting the increasing demand for charging infrastructure [12][14]

Core Viewpoint - The company has announced its financial results and strategic initiatives, including a profit distribution plan and the establishment of a subsidiary in Southeast Asia to enhance its global presence and operational flexibility in response to international trade dynamics [5][46][49]. Financial Data - The company reported a net profit attributable to shareholders of RMB 400.18 million for the year 2024, with a proposed cash dividend of RMB 3.59 per 10 shares, amounting to approximately RMB 150.27 million, which represents 37.55% of the net profit [49][50]. - The total amount for cash dividends and share repurchases combined is RMB 280.79 million, accounting for 70.17% of the net profit [50]. Strategic Initiatives - The company has established a new overseas subsidiary, SURIPOWER CO., LTD., with a registered capital of 5 million Thai Baht, aimed at leveraging regional advantages and enhancing production capacity abroad [5]. - The company plans to use up to RMB 20 billion of idle self-owned funds for cash management, investing in low-risk financial products to improve fund utilization efficiency [56][58]. Governance and Compliance - The company’s board and supervisory committee have confirmed the accuracy and completeness of the financial reports and have approved the profit distribution plan, which will be submitted for shareholder approval [11][54]. - The company has proposed to renew its contract with Tianjian Accounting Firm for auditing services, which will also require shareholder approval [70][79]. Asset Impairment and Accounting Policy Changes - The company has recognized asset impairment losses totaling RMB 61.72 million for the year 2024, including RMB 39.53 million for credit impairment and RMB 22.20 million for inventory impairment [84][85]. - The company has updated its accounting policies in accordance with new regulations issued by the Ministry of Finance, which will not significantly impact its financial results [91][96].