证券代码：688629 证券简称：华丰科技 公告编号：2024-042 四川华丰科技股份有限公司 关于续聘会计师事务所的公告 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： 一、拟聘任会计师事务所的基本情况 （一）机构信息 1、基本信息 名称：北京德皓国际会计师事务所（特殊普通合伙） 成立日期：2008 年 12 月 8 日 组织形式：特殊普通合伙 注册地址：北京市西城区阜成门外大街 31 号 5 层 519A 首席合伙人：杨雄 截至 2024 年 10 月，北京德皓国际合伙人 54 人，注册会计师 269 人，签署 过证券服务业务审计报告的注册会计师人数 96 人。 2023 年度经审计的收入总额为 54,909.97 万元（含合并数，下同），审计业 务收入为 42,181.74 万元，证券业务收入为 33,046.25 万元。审计 2023 年度上市 公司客户家数 59 家，主要行业：制造业，信息传输、软件和信息服务业，水利、 环境和公共设施管理业，批发和零售业。本公司同行业上市公司审计客户家数为 35 ...

证券代码：688629 证券简称：华丰科技 公告编号：2024-043 四川华丰科技股份有限公司 关于新增 2024 年度日常关联交易预计的公告 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： 是否需要提交股东大会审议：否 日常关联交易对上市公司的影响：本次新增日常关联交易是以公司正常 经营业务为基础，以市场价格为依据，不影响公司的独立性，不存在损害公司及 股东利益的情形，公司不会因该关联交易对关联人产生依赖。 一、日常关联交易基本情况 （一）新增日常关联交易履行的审议程序 四川华丰科技股份有限公司（以下简称"公司"）于 2024 年 12 月 2 日召开 第二届董事会第六次会议、第二届监事会第四次会议，审议通过了《关于新增 2024 年度日常关联交易预计的议案》，本次新增日常关联交易预计金额合计为 2,650 万元人民币。关联董事杨艳辉、谭丽清、许健回避表决了该项议案，出席 会议的非关联董事一致同意该议案，关联监事王道光回避表决了该项议案，出席 会议的非关联监事一致同意该议案，审议程序符合相关法律法规的规 ...

证券代码：688629 证券简称：华丰科技 公告编号：2024-044 四川华丰科技股份有限公司 第二届监事会第四次会议决议公告 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 四川华丰科技股份有限公司（以下简称"公司"）第二届监事会第四次会议 于 2024 年 12 月 2 日以通讯方式召开。会议通知于 2024 年 11 月 29 日以电子邮 件形式送达公司全体监事。 本次会议由监事会主席王道光先生主持，会议应出席监事 3 名，实际出席监 事 3 名。会议的召集和召开及监事出席人数符合《中华人民共和国公司法》等法 律、法规、规范性文件和《四川华丰科技股份有限公司章程》的有关规定。 二、监事会会议审议情况 表决情况：赞成票：3 票，反对票：0 票，弃权票：0 票。 本议案尚需提交公司股东大会审议。 （二）审议通过了《关于新增 2024 年度日常关联交易预计的议案》 监事会认为：公司本次新增关联交易预计事项，以公司正常经营业务为基础， 以市场价格为定价依据，遵循公平、公正、公允的市场化原则，对公司持 ...

证券代码：688629 证券简称：华丰科技 公告编号：2024-041 四川华丰科技股份有限公司 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： （网址：https://roadshow.sseinfo.com/） 四川华丰科技股份有限公司（以下简称"公司"）已于 2024 年 10 月 30 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 第三季度经营成果、财务状况，公司计划于 2024 年 12 月 6 日上午 09:00-10:00 举行 2024 年第三季度业绩说明会，就投资者关心的问题进行交流。 一、说明会类型 本次业绩说明会以网络互动形式召开，公司将针对 2024 年第三季度的经营 成果及财务指标的具体情况与投资者进行互动交流和沟通，在信息披露允许的范 围内就投资者普遍关注的问题进行回答。 二、说明会召开的时间、地点 （一）会议召开时间：2024 年 12 月 6 日（星期五）上午 09:00-10:00 ...

Investment Rating - The report assigns a "Buy" rating to Huafeng Technology (688629) for the first time [2] Core Views - Huafeng Technology's Q3 2024 revenue increased by 30% YoY, driven by the expansion of its new communication business [2][3] - The company's net profit turned negative due to increased costs in expanding the communication business, including higher labor and manufacturing expenses [3][10] - The company is a core supplier to Huawei and is expected to benefit from the growth in AI computing power demand [5][20] Financial Performance - In Q3 2024, Huafeng Technology achieved revenue of 2.65 billion yuan, up 30.05% YoY, but reported a net loss of 0.31 billion yuan [2][9] - For the first three quarters of 2024, the company's revenue was 7.49 billion yuan, up 21.01% YoY, with a net loss of 0.49 billion yuan [2][9] - The company's gross margin for the first three quarters of 2024 was 16.90%, down 12.52 percentage points YoY [4] Business Development - Huafeng Technology is actively expanding its communication business, with products such as 112G OD Prevail and high-speed line modules [4][15] - The company is a key supplier in the server market, providing high-speed connectors to major manufacturers like Huawei, Inspur, and ZTE [18][20] - The company is also developing products for the new energy and defense sectors, including waterproof FAKRA and non-contact energy transmission modules [15] Industry Outlook - The AI server market in China grew rapidly in H1 2024, with the accelerated server market reaching $5 billion, up 63% YoY [5][18] - The company is expected to benefit from the shift in capital expenditure by operators towards cloud computing and AI infrastructure [20] Profit Forecast - The report forecasts Huafeng Technology's revenue for 2024-2026 to be 13.30/21.24/28.42 billion yuan, with net profits of 1.02/2.22/3.29 billion yuan [21] - The current stock price implies a PE ratio of 79/53X for 2025-2026 [21]

Company Overview - Sichuan Huafeng Technology Co., Ltd. is a leading enterprise in the research and production of electrical connectors, with over 60 years of experience in the field [2][3] - The company has faced historical challenges but has implemented reforms since 2018 to improve its operations and financial health [3] Recent Developments - In 2018, the company resolved historical burdens through a separation strategy, followed by an employee stock ownership plan in 2019 to enhance operational efficiency [3] - Strategic investors were introduced in 2020 and 2021 to address high debt levels and incentivize key talent [3] Business Focus - The company is concentrating resources on "high-speed" and "system" solutions, aiming to establish these as its core competencies [3] - It has made significant advancements in high-speed backplane connectors, achieving breakthroughs in technology previously dominated by foreign companies [3] Financial Performance - For Q3 2024, the company reported revenue of CNY 26,511.95 million, a year-on-year increase of 30.05% [4] - However, the net profit attributable to shareholders was CNY -3,072.64 million, a decline attributed to increased labor costs and competitive pressures in the defense product market [4] Product Development - The company began mass production of high-speed cable modules in July 2024, with plans to expand capacity based on customer demand [4] - Defense products, including interconnect systems and connectors, are primarily used in aerospace, electronics, and nuclear power sectors [5] Challenges and Outlook - The decline in defense product revenue is linked to longer production cycles and increased competition, impacting both sales and profit margins [4][5] - The company anticipates an increase in demand for high-speed cable modules in the coming year, with plans for capacity expansion [4]

Investment Rating - The investment rating for the company is "Buy" (maintained) [4] Core Views - The company reported Q3 revenue of 270 million yuan, a year-on-year increase of 30% and a quarter-on-quarter increase of 3%, but incurred a net loss attributable to shareholders of 30 million yuan, marking a year-on-year decline [2][6] - The company's communication capacity is ramping up, with products such as line modules and backplane connectors starting to gain traction, driving revenue growth [6] - Short-term profitability is under pressure due to a decline in the defense sector, but revenue and profit are expected to improve sequentially as industry demand recovers and line module production accelerates [2][6] Summary by Sections Financial Performance - For the first three quarters, the company achieved revenue of 750 million yuan, a year-on-year increase of 21%, and a net loss of 50 million yuan, compared to a profit in the previous year [6] - Q3 revenue was 270 million yuan, with a year-on-year growth of 30% and a quarter-on-quarter growth of 3%, while the net profit was a loss of 30 million yuan, remaining stable compared to the previous quarter [6] Business Development - The company is accelerating the production of communication-related products, with line modules achieving breakthroughs with key customers and the establishment of four high-speed module production lines [6] - The company maintains a high level of R&D investment, focusing on innovative products such as CPU sockets and high-speed connectors, which are expected to contribute to future revenue growth [6] Future Outlook - Revenue projections for 2024-2026 are 1.331 billion, 1.910 billion, and 2.579 billion yuan, with year-on-year growth rates of 47.32%, 43.49%, and 35.04% respectively [7] - Net profit forecasts for the same period are 101 million, 149 million, and 210 million yuan, with growth rates of 39.48%, 47.87%, and 40.46% respectively, indicating a strong compound annual growth rate [7]

证券代码：688629 证券简称：华丰科技 公告编号：2024-039 四川华丰科技股份有限公司 第二届监事会第三次会议决议公告 二、监事会会议审议情况 经全体监事审议，形成决议如下： （一）审议通过了《关于 2024 年第三季度报告的议案》 经审核，监事会认为：公司《2024 年第三季度报告》的编制和审议程序符合 法律、行政法规及上海证券交易所、中国证券监督管理委员会的规定，报告内容 真实、准确、完整地反映了公司 2024 年第三季度的财务状况和经营成果等事项； 2024 年第三季度报告编制过程中，未发现参与报告编制和审议的人员有违反保 密规定的行为。监事会保证公司《2024 年第三季度报告》所披露的信息真实、准 确、完整，不存在虚假记载、误导性陈述和重大遗漏，并对其内容的真实性、准 确性、完整性依法承担法律责任。 具体内容详见公司同日披露于上海证券交易所网站（www.sse.com.cn）的 《2024 年第三季度报告》。 表决情况：赞成票：3 票，反对票：0 票，弃权票：0 票。 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 ...

Financial Performance - The company's operating revenue for Q3 2024 was ¥265,119,456.97, representing a year-on-year increase of 30.05%[2] - The net profit attributable to shareholders was -¥30,726,397.13, a decrease of 1,596.56% compared to the same period last year[2] - The net profit for Q3 2024 was -53,344,060.22 CNY, compared to a net profit of 36,488,797.10 CNY in Q3 2023, indicating a significant decline[18] - Operating profit for Q3 2024 was -54,629,624.52 CNY, down from 22,850,226.33 CNY in the same period last year[18] - The net profit attributable to the parent company for the first three quarters of 2024 was ¥139,107,714.75, down from ¥210,810,504.68 in 2023, indicating a decrease of approximately 34.00%[16] - The total comprehensive income attributable to the parent company for Q3 2024 was -48,670,605.97 CNY, compared to 38,887,162.82 CNY in Q3 2023[19] - The basic and diluted earnings per share for Q3 2024 were both -0.11 CNY, compared to 0.10 CNY in Q3 2023[19] Cash Flow and Assets - The company reported a net cash flow from operating activities of -¥101,556,994.11 for the year-to-date period[2] - The net cash flow from operating activities for Q3 2024 was -101,556,994.11 CNY, compared to -15,822,332.73 CNY in Q3 2023[21] - The total cash flow from investing activities in Q3 2024 was -388,517,305.88 CNY, a decrease from -70,475,563.53 CNY in the same period last year[21] - The net cash flow from financing activities for Q3 2024 was 35,595,765.23 CNY, down from 571,963,002.82 CNY in Q3 2023[22] - The cash and cash equivalents at the end of Q3 2024 were 310,762,192.93 CNY, down from 867,798,746.33 CNY at the end of Q3 2023[22] - The company's cash and cash equivalents decreased to ¥1,476,672,080.64 from ¥1,871,862,487.50, a decline of about 21.06%[16] - The total current assets as of September 30, 2023, amounted to approximately RMB 1,200,000,000, with cash and cash equivalents at RMB 347,220,913.15[12] Research and Development - Research and development expenses totaled ¥31,673,968.52, accounting for 11.95% of operating revenue, with a year-on-year increase of 24.86%[3] - Research and development expenses for the first three quarters of 2024 amounted to ¥82,708,164.38, up from ¥68,869,674.55 in 2023, reflecting a growth of approximately 20.11%[17] - The company has invested significantly in automation and new product development, including CPU sockets and high-speed connectors[6] Shareholder Information - The top ten shareholders hold a total of 145,710,720 shares, representing 31.61% of the total shares outstanding[9] - The company has not reported any significant changes in shareholder relationships or agreements among the top shareholders[9] Operational Insights - The decline in net profit is attributed to increased costs and competitive pressures in the defense product market[6] - The company anticipates continued growth in revenue driven by the expansion of new communication business capabilities[6] - The company has not indicated any future guidance or outlook for the upcoming quarters[12] - There were no significant reminders or additional important information regarding the company's operational status during the reporting period[12] - The company has not engaged in any mergers or acquisitions during this quarter[12] - The company has not issued any new strategies or products during the reporting period[12] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,675,202,306.99, reflecting a 4.11% increase from the previous year[3] - The company's total assets as of the end of Q3 2024 were ¥2,675,202,306.99, compared to ¥2,569,683,792.72 at the end of Q3 2023, showing an increase of about 4.12%[16] - The total liabilities of the company reached ¥1,226,652,738.45, up from ¥1,046,725,048.90 in the previous year, which is an increase of approximately 17.25%[14] - The company's inventory increased to ¥302,150,770.71 from ¥230,739,885.34, representing a growth of about 30.96%[16] - The total equity attributable to shareholders decreased to ¥1,432,353,947.11 from ¥1,502,827,735.18, reflecting a decline of approximately 4.66%[16] - The company reported a significant increase in accounts payable, which rose to ¥429,595,957.77 from ¥271,101,642.87, marking an increase of approximately 58.57%[14] Other Financial Metrics - Non-recurring gains for the period amounted to ¥6,551,878.49, with government subsidies contributing ¥7,534,235.32[4] - The company reported a significant increase in trading financial assets, rising from RMB 110,139,903.41 to RMB 206,125,811.31, indicating an increase of about 87%[12] - Accounts receivable increased to RMB 593,334,123.92 from RMB 487,049,019.45, reflecting a growth of approximately 22%[12]

证券代码：688629 证券简称：华丰科技 公告编号：2024-038 四川华丰科技股份有限公司 关于增加远期结售汇业务额度的公告 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： 交易目的、交易品种、交易工具和交易金额：为了规避汇率波动对公司 造成的不利影响，提高外汇资金的使用效率，公司拟在远期结售汇业务的原有额 度基础上再增加 50 万美元，即公司 2024 年度开展远期结售汇业务额度增加至不 超过 130.69 万美元及 29.27 万欧元。资金来源为自有资金，不涉及募集资金。 已履行的审议程序：公司于 2024 年 10 月 28 日召开第二届董事会第五次 会议、第二届监事会第三次会议审议通过了《关于增加 2024 年远期结售汇业务 额度的议案》。公司本次开展远期结售汇业务不涉及关联交易，且无须提交股东 大会审议。 四川华丰科技股份有限公司（以下简称"公司"）于 2024 年 8 月 26 日召开 第二届董事会第四次会议、第二届监事会第二次会议，审议通过了《关于审议公 司 2024 年外汇交易额度、框 ...