Investment Rating - The investment rating for the company is "Buy" (maintained) [1] Core Views - The company's Q3 performance met expectations, with revenue of 4.4 billion yuan, a year-on-year increase of 21%, and a net profit attributable to shareholders of 300 million yuan, a year-on-year increase of 3% [2] - The company maintains a stable market share in power supplies, with its electric drive business starting to ramp up, and it has achieved mass production of wireless charging technology [3] - The product structure is continuously optimized, with an expected increase in overseas customer volume in 2025, which is anticipated to enhance profitability [4] - The expense ratio has decreased, and the operating cash flow is strong, with a notable increase in cash flow in Q3 [5] Revenue and Profit Forecast - The company’s total revenue is projected to reach 6.642 billion yuan in 2024, with a year-on-year growth of 20.27% [1] - The net profit attributable to shareholders is expected to be 517.83 million yuan in 2024, reflecting a year-on-year increase of 3.07% [1] - The earnings per share (EPS) is forecasted to be 1.23 yuan in 2024, with a price-to-earnings (P/E) ratio of 20.32 [1] Financial Performance - For the first three quarters of 2024, the company reported a gross margin of 19.7%, a year-on-year increase of 1.1 percentage points, and a net profit margin of 6.8%, a decrease of 1.2 percentage points [2] - The average selling price of vehicle-mounted power supplies was 2,275 yuan per unit in the first three quarters, with a slight decline in Q3 due to seasonal factors [4] - The company’s operating cash flow for the first three quarters was 360 million yuan, a decrease of 36% year-on-year, but Q3 cash flow showed a significant increase [5]

Investment Rating - The investment rating for the company is "Buy" (maintained) [1] Core Views - The company has seen a continuous increase in R&D investment, with Q3 performance meeting expectations. For the first nine months of 2024, the company achieved revenue of 4.36 billion yuan, a year-on-year increase of 21.4%, and a net profit attributable to shareholders of 300 million yuan, up 2.8% year-on-year. In Q3 2024, revenue was 1.59 billion yuan, a year-on-year increase of 18.7%, with a net profit of 80 million yuan, up 5.5% year-on-year. The R&D expenses reached a record high of 100 million yuan in Q3, corresponding to an R&D expense ratio of 6.4% [2][3] Summary by Sections Financial Performance - For 2024, the company is projected to achieve revenues of 6.76 billion yuan, with a year-on-year growth of 22.4%. The net profit attributable to shareholders is expected to be 561 million yuan, reflecting an 11.7% increase. The earnings per share (EPS) are forecasted at 1.33 yuan, with corresponding price-to-earnings (P/E) ratios of 19.5, 15.9, and 12.1 for 2024, 2025, and 2026 respectively [2][5] Market Position - The company holds a significant market share in the domestic market, ranking second in the onboard charger market for passenger vehicles with a 19.6% share as of August 2024. It has maintained the top position in the third-party supply market since 2020. The company has established partnerships with major automotive manufacturers, including SAIC Audi and Great Wall Motors, enhancing its market presence [3] Shareholder Returns - The company has proposed a mid-term dividend of 2.57 yuan per 10 shares (before tax), with a cash dividend payout ratio exceeding 50%. Additionally, the company announced a share buyback plan of 50 million to 100 million yuan to support employee stock ownership plans and reduce registered capital [4]

Investment Rating - The report maintains a "Buy" rating for the company, indicating an expected relative increase of over 15% compared to the CSI 300 index in the next six months [1][8]. Core Views - The company continues to lead in the onboard power supply market, with rapid growth in electric drive assembly revenue. As of August 2024, the company holds a 19.6% market share in China's passenger car onboard charger market, ranking second overall and maintaining the first position in the third-party supply market since 2020 [3]. - The company reported a revenue of 4.36 billion yuan for the first three quarters of 2024, a year-on-year increase of 21.4%, with a net profit of 300 million yuan, up 2.8% year-on-year [2][3]. - The company has established a partnership with SAIC Audi to provide technology support and onboard power products for its first pure electric model, expected to launch in 2025 [3]. Financial Summary - For the first three quarters of 2024, the company achieved a revenue of 4.36 billion yuan, with a net profit of 300 million yuan and a non-recurring net profit of 270 million yuan, reflecting year-on-year growth rates of 21.4%, 2.8%, and 2.2% respectively [2]. - The company’s revenue is projected to grow from 5.52 billion yuan in 2023 to 10.25 billion yuan by 2026, with a compound annual growth rate (CAGR) of approximately 20.08% [5]. - The gross profit margin for the first three quarters of 2024 was 19.70%, an increase of 1.10 percentage points year-on-year, indicating strong profitability despite competitive pressures [3][5]. Shareholder Returns - The company announced a cash dividend of 2.57 yuan per 10 shares, totaling approximately 108 million yuan, which represents 50.15% of the net profit for the first half of 2024 [3]. - The company plans to repurchase shares with a budget of 50 to 100 million yuan, reflecting its commitment to returning value to shareholders [3].

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： 证券代码：688612 证券简称：威迈斯 公告编号：2024-053 深圳威迈斯新能源（集团）股份有限公司 关于控股子公司减资的自愿性披露公告 本次深圳威迈斯新能源（集团）股份有限公司（以下简称"公司"）控股子公司深圳 市华源电源科技有限公司（以下简称"华源电源"）减资事项不构成关联交易，亦不构成《上 市公司重大资产重组管理办法》规定的重大资产重组； 本次华源电源减资事项完成后，华源电源将成为公司参股公司，不再纳入公司合并报 表范围，不会对公司正常生产经营产生重大不利影响。 一、本次减资事项概述 2021 年 4 月 30 日，公司与深圳市英可瑞科技股份有限公司（以下简称"英 可瑞"）共同投资设立华源电源，注册资本为 4,000 万元，其中公司认缴出资 2,040 万元，股权占比 51%；英可瑞认缴出资 1,960 万元，股权占比 49%。截至本公告 披露之日，公司持有华源电源 51%的股权，英可瑞持有华源电源 49%的股权。 根据公司整体战略规划，华源电源拟 ...

《科创板日报》10月25日讯（记者 余佳欣）今日（10月25日），威迈斯发布2024年第三季度业绩报。 今年前三季度，该公司实现营收43.6亿元，同比增加21.35%；实现归母净利润2.96亿元，同比增加 2.81%。 单季度来看，其今年各季度净利润环比均有所下降。第三季度实现营收15.89亿元，同比增加18.68%； 实现归母净利润8042.45万元，同比增加5.5%，环比减少约20.78%。 威迈斯主要从事新能源汽车动力域产品的研发、生产、销售和技术服务，主要产品包括车载电源的车载 充电机、车载DC/DC变换器、车载电源集成产品，电驱系统的电机控制器、电驱总成，电动汽车通信 控制器以及液冷充电桩模块等。 对于业绩增长，威迈斯表示，主要得益于2024年新能源汽车行业的持续增长，其中电驱多合一总成产品 作为新能源汽车主要零部件。今年前三季度，该公司电驱多合一总成产品实现营业收入2.87亿元。 财报显示，该公司前三季度研发投入2.8亿元，同比增加42.36%；研发投入占营业收入的比例为6.42%。 业务进展方面，威迈斯三季报提及，今年9月，其与上汽奥迪正式建立合作，为其智能数字平台首款纯 电车型提供技术支持和车 ...

（一）审议通过《公司 2024 年第三季度报告》 证券代码：688612 证券简称：威迈斯 公告编号：2024-052 深圳威迈斯新能源（集团）股份有限公司 第二届监事会第十五次会议决议公告 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 深圳威迈斯新能源（集团）股份有限公司（以下简称"公司"）第二届监事会 第十五次会议，于 2024 年 10 月 15 日发出会议通知，2024 年 10 月 25 日以现场 与通讯表决相结合的方式召开。本次会议应参与监事 3 名，实际参与监事 3 名。 监事会主席张昌盛先生主持本次会议，监事会会议的召集、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、监事会会议审议情况 本次会议审议通过了如下议案： 经审核，监事会认为：董事会编制和审议《公司 2024 年第三季度报告》的程 序符合法律、行政法规及中国证监会的规定，报告内容真实、准确、完整地反映 了公司 2024 年前三季度的财务状况和经营成果情况，不存在任何虚假记载、误 导性陈述或者重大遗漏。 ...

Financial Performance - The company's operating revenue for Q3 2024 reached ¥1,588,929,443.91, representing an increase of 18.68% year-over-year[2] - The net profit attributable to shareholders for the same period was ¥80,424,462.73, reflecting a growth of 5.50% compared to the previous year[2] - For the first three quarters of 2024, the company achieved operating revenue of RMB 435,998.94 million, a year-on-year increase of 21.35%[8] - The net profit attributable to shareholders for the same period was RMB 29,613.07 million, reflecting a year-on-year growth of 2.81%[9] - The net profit for Q3 2024 was CNY 304,244,862.84, an increase from CNY 282,715,615.72 in Q3 2023, representing a growth of approximately 7.3%[15] - The total revenue from sales of goods and services for the first three quarters of 2024 reached CNY 3,283,469,949.86, compared to CNY 2,616,886,552.44 in the same period of 2023, indicating a year-over-year increase of about 25.4%[17] Research and Development - Research and development expenses totaled ¥101,269,745.65 in Q3 2024, which is an increase of 16.87% year-over-year, accounting for 6.37% of operating revenue[3] - Research and development expenses increased to CNY 279,980,764.00 in the first three quarters of 2024, compared to CNY 196,672,086.66 in 2023, reflecting a growth of 42.3%[14] - The company is focusing on expanding its market presence and investing in new technologies, as indicated by the increase in R&D spending[14] Assets and Liabilities - The total assets of the company at the end of the reporting period were ¥7,518,054,803.21, marking a 3.97% increase from the end of the previous year[3] - The company's total assets as of the end of Q3 2024 amounted to CNY 7,518,054,803.21, an increase from CNY 7,230,785,604.26 at the end of Q3 2023[14] - Current liabilities totaled CNY 3,814,164,525.80, up from CNY 3,482,306,752.25 in the previous year, indicating a rise of 9.5%[13] - The company's total equity attributable to shareholders was CNY 3,320,565,851.63, a decrease from CNY 3,378,478,202.09 in the same period last year[14] - The company reported a significant increase in accounts payable, which rose to CNY 2,067,022,645.18 from CNY 1,886,274,729.75, reflecting a growth of 9.6%[13] Cash Flow and Liquidity - The net cash flow from operating activities for the year-to-date period was ¥359,819,589.15, showing a decline of 36.29% compared to the previous year[3] - The cash flow from operating activities for the first three quarters of 2024 was CNY 359,819,589.15, down from CNY 564,741,730.70 in the same period of 2023, showing a decrease of about 36.2%[18] - The company's cash and cash equivalents as of September 30, 2024, were RMB 1,327,108,423.39, down from RMB 1,556,602,810.74 at the end of 2023[11] - The cash and cash equivalents at the end of Q3 2024 were CNY 1,090,776,755.34, a decrease from CNY 2,347,856,599.83 at the end of Q3 2023[19] - The company incurred a net cash outflow from financing activities of CNY 166,643,000.50 in Q3 2024, compared to a net inflow of CNY 1,873,517,663.27 in Q3 2023[19] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 8,083[6] - The largest shareholder, Wan Renchun, holds 19.23% of the company's shares, totaling 80,934,338 shares[6] Market Position and Strategic Initiatives - As of August 2024, the company held a 19.6% market share in the Chinese passenger car onboard charger market, ranking second overall[9] - The company plans to distribute a cash dividend of RMB 2.57 per 10 shares, totaling approximately RMB 108,185,985.49, which represents 50.15% of the net profit for the first half of 2024[9] - The company intends to repurchase shares with a budget of between RMB 50 million and RMB 100 million, with a maximum repurchase price of RMB 35.00 per share[9] - The company acquired a 38.50% stake in WidiSi Motor Technology (Shanghai) Co., Ltd. for RMB 144.375 million, aiming to enhance its product capabilities[10] - The company received the "Global Supplier Quality Award" from Stellantis in September 2024, recognizing its innovation and product quality in the overseas market[9] - The company established a partnership with SAIC Audi to provide technical support for its first pure electric model, expected to launch in 2025[9]

证券代码：688612 证券简称：威迈斯 公告编号：2024-051 深圳威迈斯新能源（集团）股份有限公司 关于持股 5%以上股东减持至 5%的权益变动 提示性公告 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： 本次权益变动属于股份减持，不触及要约收购； 本次权益变动为持股 5%以上非第一大股东减持，不会使公司控股股东及实际控制 人发生变化； 本次权益变动后，深圳威迈斯新能源（集团）股份有限公司（以下简称"公司"） 股东蔡友良先生合计持有公司股份数量为 21,047,939 股，占公司总股本比例降至 5.0000%， 蔡友良先生不再是公司持股 5%以上的股东。 公司于 2024 年 10 月 21 日收到公司股东蔡友良先生发来的《简式权益变动 报告书》，现将其有关权益变动情况公告如下： 一、本次权益变动情况 （一）信息披露义务人的基本情况 | | | | （元/股） | （股） | （%） | | --- | --- | --- | --- | --- | --- | | 股东名称 蔡友良 | 减持方式 ...

深圳威迈斯新能源（集团）股份有限公司 简式权益变动报告书 信息披露义务人：蔡友良 五、信息披露义务人保证本报告书及相关文件内容真实、准确、完整，不存 在虚假记载、误导性陈述或重大遗漏，并对其真实性、准确性、完整性承担个别 和连带的法律责任。 住所及通讯地址：广东省深圳市南山区****** 股份变动性质：主动减持股份 签署日期：2024 年 10 月 21 日 1 上市公司：深圳威迈斯新能源（集团）股份有限公司 上市地点：上海证券交易所 股票简称：威迈斯 股票代码：688612 信息披露义务人声明 一、本报告书系信息披露义务人依据《中华人民共和国证券法》（以下简称 为"《证券法》"）、《上市公司收购管理办法》（以下简称"《收购管理办法》"）、《公 开发行证券的公司信息披露内容与格式准则第 15 号——权益变动报告书》（以下 简称"《准则 15 号》"）及相关法律、法规的规范性文件编写。 二、信息披露义务人签署本报告书已获得必要的授权和批准，其履行亦不违 反信息披露义务人章程或内部规则中的任何条款，或与之相冲突。 三、依据《证券法》、《收购管理办法》、《准则 15 号》的规定，本报告书已 全面披露了信息披露义务人 ...

Investment Rating - The investment rating for the company is "Buy" (maintained) [1] Core Views - The company is one of the first listed companies to implement a stock repurchase program using special loans, which is expected to enhance investor confidence and optimize the capital structure [1] - The company plans to repurchase shares worth between 50 million to 100 million RMB, representing 0.34% to 0.68% of the total share capital [2] - The company is a leading third-party supplier of automotive power systems, with significant progress in international markets [1] Financial Summary - The company’s projected net profit for 2024-2026 is 608 million, 742 million, and 908 million RMB respectively, with corresponding EPS of 1.44, 1.76, and 2.16 RMB per share [1] - Revenue is expected to grow from 5,523 million RMB in 2023 to 10,559 million RMB in 2026, reflecting a compound annual growth rate (CAGR) of approximately 24.6% [3] - The company’s gross margin is projected to remain stable around 19.8% for 2024, with a slight decline to 18.7% by 2026 [3] - The P/E ratio is expected to decrease from 21.7 in 2023 to 12.0 by 2026, indicating an attractive valuation [3] Share Repurchase Details - The repurchase plan includes a minimum of 10 million RMB and a maximum of 20 million RMB allocated for employee stock ownership plans or equity incentives, while 40 million to 80 million RMB is designated for capital reduction [2] Market Context - The company is positioned favorably within the automotive industry, particularly in the electric vehicle sector, which is experiencing rapid growth despite potential market challenges [1][2]