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 ...

证券代码：688629 证券简称：华丰科技 公告编号：2024-040 1 四川华丰科技股份有限公司 附件：首席合规官祁飞先生简历 关于调整公司首席合规官的公告 祁飞先生，1981 年 5 月出生，中国国籍，无境外永久居留权，中共党员，中 级政工师，在职研究生学历，工商管理硕士学位，电子科技大学工商管理专业。 2004 年 7 月至 2008 年 9 月，历任长虹空调公司业务经理、办事处经理、市场策 划部终端主管；2008 年 9 月至 2016 年 8 月，历任长虹公司市场服务中心分中心 总经理助理、海外战略发展部/国际化推进部海外品牌主管；2016 年 8 月至 2018 年 8 月，任中山长虹公司海外区域经理；2018 年 8 月至 2024 年 8 月，历任四川 长虹电子控股集团有限公司纪检监察部监察主管、纪检监察部纪检经理、党委组 织部党建管理经理、党委组织部党建管理高级经理；2024 年 9 月至今，任四川 华丰科技股份有限公司党委副书记、纪委书记。 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。 四川华丰科技 ...

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可行性分析报告 一、增加远期结售汇业务额度的背景 四川华丰科技股份有限公司（以下简称"公司"）在经营业务活动中存在 境外销售和境外采购，结算币种主要采用美元及欧元。由于国外客户前期呆滞项 目的终端客户需求逐步恢复，客户近期需求量增加，公司 2024 年国外销售收入 较前期预计增加 50 万美元。为了有效规避外汇市场风险，防范汇率大幅波动对 公司经营业绩造成不利影响，公司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，从而提高外汇资金使用效益，增强公司财务稳健性。 二、增加远期结售汇业务额度的基本情况 （一）交易目的 公司经营业务活动开展过程中存在境外销售和境外采购，结算币种主要采用 美元及欧元，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，拟与银行开展远期结售汇业务，使公司业绩保持平稳。 （二）交易金额 公司 2024 年度拟开展远期结售汇业务的金额增加至不超过 130.69 万美元及 29.27 万欧元，在决议有效期内可以滚动使 ...

申万宏源证券承销保荐有限责任公司 关于四川华丰科技股份有限公司 增加远期结售汇业务额度的核查意见 申万宏源证券承销保荐有限责任公司(以下简称"申万宏源"或"保荐机构")作 为四川华丰科技股份有限公司(以下简称"华丰科技"或"公司")的保荐机构和主承 销商,根据《证券发行上市保荐业务管理办法》《上海证券交易所科创板上市公司自律 监管指引第1号 -- 规范运作》《上海证券交易所科创板股票上市规则》《科创板上市 公司持续监管办法(试行)》等有关规定,对华丰科技增加远期结售汇业务额度的事项 进行了审慎核查。核查的具体情况及核查意见如下; (五)交易期限及授权事项 本次授权远期结售汇业务的有效期为公司第二届董事会第五次会议审议通过之日 一、开展远期结售汇业务概述 (一) 交易目的 公司经营业务活动开展过程中存在境外销售和境外采购,结算币种主要采用美元 及欧元,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,拟与 银行开展远期结售汇业务,使公司业绩保持平稳。 (二) 交易金额 公司2024年度拟开展远期结售汇业务的金额增加至不超过130.69万美元及29.27万 欧元,在决议有效期内可以滚动使用。锁汇保证金 ...

Investment Rating - The report assigns a "Buy" rating for Huafeng Technology (688629.SH) based on its potential for growth in the domestic computing power industry and its strong client base [1]. Core Insights - Huafeng Technology is a core supplier in the connector field, with a focus on defense, communications, and industrial applications. The company has established a stable operating condition supported by major clients like Huawei and BYD [1][4]. - The company is expected to benefit from the increasing market share of Huawei and the growing demand for AI applications, which will create new growth opportunities in computing power [1][4]. - The company has a strong technical moat, with continuous investment in R&D, maintaining a leading position in the connector industry [1][4]. - The demand for defense modernization and the growth trend in the electric vehicle sector are expected to drive future revenue growth for the company [1][4]. Summary by Sections 1. Core Supplier in Connectors - Huafeng Technology has been deeply engaged in the connector industry for 60 years, evolving from standard introduction to independent innovation [9]. - The company has a stable state-owned shareholding structure, which has facilitated long-term cooperation with equipment manufacturers [11]. - Major clients include Huawei, ZTE, and BYD, contributing to a stable revenue stream [13]. 2. Growth in Defense Connector Products - The defense connector market has high entry barriers, and Huafeng Technology has accumulated significant technical expertise over 60 years [24]. - Defense connectors contribute significantly to the company's revenue, with a high gross margin [28]. - The demand for defense connectors is expected to continue growing, providing a positive outlook for future performance [30]. 3. Strategic Partnership with Huawei and Growth from AI and Automotive Sectors - The company benefits from Huawei's increasing market share and the rising demand for AI computing power, which is expected to enhance its communication business revenue [36]. - The electric vehicle market is also growing, with Huafeng Technology positioned as a key supplier for major automotive manufacturers [44]. 4. Revenue Forecast and Valuation Analysis - The company is projected to achieve total revenues of 1,049 million, 2,495 million, and 2,813 million yuan for 2024, 2025, and 2026, respectively [49]. - The report highlights that the company's price-to-earnings (PE) ratio is higher than that of comparable companies, reflecting its growth potential in the defense and computing power sectors [49].

证券代码：688629 证券简称：华丰科技 公告编号：2024-037 四川华丰科技股份有限公司 关于召开 2024 年半年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/） 会议召开方式：上证路演中心网络互动 投资者可于 2024 年 9 月 25 日（星期三）至 10 月 8 日（星期二）16:00 前登 录上证路演中心网站首页点击"提问预征集"栏目或通过公司邮箱 security@huafeng796.com 进行提问。公司将在说明会上对投资者普遍关注的问题 进行回答。 四川华丰科技股份有限公司（以下简称"公司"）已于 2024 年 8 月 28 日发 布公司 2024 年半年度报告，为便于广大投资者更全面深入地了解公司 2024 年半 年度经营成果、财务状况，公司计划于 2024 年 10 月 9 日上午 09:00-10:00 举行 2024 年半年度业绩说明会，就投资者关心的问题进行交流。 一、 说明会类型 本 ...

Company Overview - Sichuan Huafeng Technology Co., Ltd. is a leading enterprise in the development and production of electrical connectors in China, focusing on optical and electrical connectors and cable components [1] - The company has over 60 years of experience in the connector field and has faced historical challenges that hindered growth until recent reforms [2] Recent Reforms and Developments - In 2018, the company implemented a separation strategy to address historical burdens, allowing for a more agile operation [2] - The introduction of an employee stock ownership plan in 2019 improved internal operational efficiency [2] - Strategic investors were brought in to reduce the high debt ratio in 2020, followed by further strategic investments and employee stock plans in 2021 to incentivize key talent [2] Focus Areas - The company is concentrating resources on "high-speed" and "system" solutions, aiming to establish these as its core offerings [2] - In the high-speed sector, the company has made significant advancements in 10Gbps and above backplane connector technology, achieving domestic alternatives to foreign competitors [2] - The system aspect includes integrated interconnection solutions, such as cable-free connection systems and high-speed connection solutions [2] Financial Performance and R&D - In the first half of 2024, the company increased R&D investment to CNY 51.03 million, a 17.32% increase year-on-year [3] - Inventory increased by 34.16% compared to the previous year, attributed to rising sales orders and raw material stockpiling for delivery [3] Market Expansion - The company is actively expanding in the communications sector, focusing on high-speed line modules and defense applications, including unmanned platforms and low-orbit satellites [3][4] - In the new energy sector, the company plans to rapidly scale up its market presence and expand its high-voltage connector product applications [4] Workforce Development - In the first half of 2024, the company added 42 new R&D personnel and is enhancing collaboration with educational institutions to boost innovation capabilities [4]

Investment Rating - The investment rating for the company is "Buy" (maintained) [4] Core Insights - The company reported a revenue of 480 million yuan for the first half of 2024, representing a year-on-year increase of 16.6%, but incurred a net loss of 20 million yuan, marking a shift from profit to loss. The profit pressure is primarily due to increased investments in new business development in the communications sector. The company's high-speed line module products have been approved by downstream customers, and with the active expansion of line module production capacity, the company is expected to experience rapid growth [2][6]. Financial Performance Summary - In the first half of 2024, the company achieved a revenue of 480 million yuan, up 16.6% year-on-year. In Q2 alone, revenue was 260 million yuan, reflecting a 9.1% year-on-year increase and a 14.6% quarter-on-quarter increase. The loss of 20 million yuan in the first half was attributed to a decline in gross margin and high expense growth due to investments in new communication business [6][2]. - The gross margin for the first half of 2024 was 19.5%, down 9.8 percentage points year-on-year, while Q2's gross margin was 22.8%, up 7.1 percentage points quarter-on-quarter. The company’s expense ratio for the first half was 28.5%, an increase of 2.2 percentage points year-on-year, with Q2 reaching 32.5%, up 6.4 percentage points year-on-year and 8.7 percentage points quarter-on-quarter [6][2]. Growth Opportunities - The company is one of the few in China capable of mass-producing 56Gbps backplane connectors, with leading capabilities in system-level interconnect product development. The demand for high-speed line modules is driven by AI server clusters, as traditional backplane connectors may not meet the requirements for computing power clusters. The company has developed higher-integrated high-speed line module products based on backplane connectors and has made breakthroughs with key customers. It is also constructing four automated production lines for high-speed modules, positioning itself to benefit from rising demand [6][2]. - The company continues to invest in R&D, with approximately 51 million yuan spent in the first half of 2024, a year-on-year increase of 17.3%. New products have been developed in the communications, renewable energy, and defense sectors, laying a solid foundation for sustained growth [6][2]. Revenue and Profit Forecast - The company forecasts revenues of 1.331 billion yuan, 1.910 billion yuan, and 2.579 billion yuan for 2024, 2025, and 2026, respectively, with year-on-year growth rates of 47.32%, 43.49%, and 35.04%. The projected net profits for the same years are 101 million yuan, 149 million yuan, and 210 million yuan, with growth rates of 39.48%, 47.87%, and 40.46% respectively, indicating a compound annual growth rate (CAGR) of 43% [6][2].