Financial Performance - The company's operating revenue for 2024 was CNY 437.93 million, a decrease of 33.95% compared to CNY 663.00 million in 2023[22]. - Net profit attributable to shareholders for 2024 was CNY 19.45 million, down 79.79% from CNY 96.26 million in 2023[22]. - The basic earnings per share for 2024 was CNY 0.1735, a decline of 79.84% compared to CNY 0.8608 in 2023[23]. - The company achieved total revenue of 437.93 million yuan, a decrease of 33.95% compared to the same period last year[35]. - The net profit attributable to the parent company was 19.45 million yuan, a decrease of 79.79% year-on-year; the net profit excluding non-recurring gains and losses was 12.12 million yuan, down 80.37% year-on-year[35]. - Revenue decreased by 33.95% year-over-year, while net profit attributable to shareholders fell by 79.79%[113]. Cash Flow and Investments - The company reported a net cash flow from operating activities of CNY 61.59 million, a significant increase of 945.87% from CNY 5.89 million in 2023[22]. - The net cash flow from investing activities improved to -62.09 million, a significant reduction from -119.11 million in the previous year[132]. - The net cash flow from financing activities decreased by 146.22% to -49.34 million, primarily due to repayment of bank loans and cash dividends paid[132]. - The company’s fixed assets increased by 63.38% to 288,043.31 million, reflecting investments in production facilities[150]. - The cash and cash equivalents decreased by 45.93% to 57,987.66 million, primarily due to payments for production facilities and loan repayments[150]. Research and Development - Research and development expenses accounted for 22.61% of operating revenue in 2024, an increase of 4.02 percentage points from 18.59% in 2023[24]. - The company has increased investment in R&D, particularly in next-generation avionics and AI signal processing technologies[36]. - Research and development expenses amounted to approximately ¥99 million, a decrease of 19.68% compared to the previous year[99]. - The total R&D expenditure accounted for 22.61% of the company's revenue, an increase of 4.02 percentage points from the previous year[99]. - The company has developed a complete R&D and production control system over 20 years, focusing on customized embedded computer hardware and software solutions[92]. Market and Product Development - The company plans to expand its market presence and enhance product offerings in response to the current challenges[24]. - The company is focusing on cost reduction and efficiency improvement measures while enhancing supply chain management to lower raw material costs[33]. - The company is expanding its product applications in the fields of drones, low-altitude economy, and commercial aerospace[33]. - The company is actively optimizing project review and evaluation processes to improve project success rates amid industry uncertainties[33]. - The company is committed to autonomous technological innovation, enhancing performance value, and expanding into UAVs, commercial aerospace, and AI technology applications[163]. Governance and Compliance - The company emphasizes a customized approach in embedded technology, combining hardware and software solutions tailored to national key sectors, which has led to a growing variety of products and services[42]. - The company has established a robust revenue model by transitioning from small-scale R&D to large-scale production for key projects, ensuring a steady income stream[47]. - The company has maintained compliance with all relevant laws and regulations regarding shareholder meetings[172]. - The company has not faced any significant issues regarding independence from its controlling shareholders[171]. - The company revised its internal governance rules to enhance operational standards and compliance with the amended Company Law of the People's Republic of China[171]. Risks and Challenges - The company has not reported any significant risks that could materially affect its operations during the reporting period[3]. - The company has detailed potential risks in its management discussion and analysis section[3]. - The company faces risks related to the procurement of core raw materials, which are critical for maintaining product stability and reliability[116]. - The company’s accounts receivable have increased significantly, leading to potential cash flow and recovery risks[122]. - The company’s reliance on customized product development based on downstream client needs may expose it to revenue structure risks[120]. Shareholder and Capital Management - The company plans to distribute a cash dividend of 1.42 yuan per 10 shares (including tax) and to increase capital by 4.9 shares for every 10 shares held[5]. - The company intends to increase its total share capital to 167,716,671 shares by converting 4.9 shares for every 10 shares held from capital reserves[200]. - The company reported a total of 22,441,710 shares repurchased, with a total value of 852.50 million[177]. - The company plans to continue its share repurchase strategy as part of its capital management approach[177]. - The chairman, Wang Yong, increased his shareholding from 22,176,787 to 33,043,413 shares, a change of 10,866,626 shares due to capital reserve conversion[176].

成都智明达电子股份有限公司 2024 年度 内部控制审计报告 索引 页码 内部控制审计报告 1-2 师事务所 | 北京市东城区朝阳门北大街 联系申话: +86 (010) 6554 2288 8 号宫华大厦 A 应 9 目 AIF Block A FII blic accountants 按照《企业内部控制基本规范》、《企业内部控制应用指引》 、《企业内部控制评 价指引》的规定,建立健全和有效实施内部控制,并评价其有效性是智明达公司董事会 的责任。 二、注册会计师的责任 我们的责任是在实施审计工作的基础上,对财务报告内部控制的有效性发表审计意 见,并对注意到的非财务报告内部控制的重大缺陷进行披露。 三、内部控制的固有局限性 内部控制具有固有局限性,存在不能防止和发现错报的可能性。此外,由于情况的 变化可能导致内部控制变得不恰当,或对控制政策和程序遵循的程度降低,根据内部控 制审计结果推测未来内部控制的有效性具有一定风险。 内部控制审计报告 XYZH/2025BJAG1B0257 成都智明达电子股份有限公司 成都智明达电子股份有限公司全体股东: 按照《企业内部控制审计指引》及中国注册会计师执业准则的相关要求,我 ...

成都智明达电子股份有限公司 2024 年度 募集资金年度存放与使用情况鉴证报告 | 索引 | | 页码 | | --- | --- | --- | | 鉴证报告 | | 1-2 | | 关于募集资金 2024 | 年度存放与使用情况的专项报告 | 1-6 | 联系电话: 北京市东城区朝阳门北大街 +86 (010) 6554 2288 永升和会计师事务所 telephone: +86 (010) 6554 2288 8 号富华大厦 A 座 9 层 9/F Block A Fu Hua Mansion No 8 Chaovangmen Beida Donachena District, Beijin 100027 P R China 募集资金年度存放与使用情况鉴证报告 XYZH/2025BJAG1B0258 成都智明达申子股份有限公司 成都智明达电子股份有限公司全体股东: 我们对后附的成都智明达电子股份有限公司(以下简称智明达公司)关于募集资金 2024 年度存放与使用情况的专项报告(以下简称募集资金年度存放与使用情况专项报 告)执行了鉴证工作。 智明达公司管理层的责任是按照上海证券交易所相关规定编制募集资金年 ...

成都智明达电子股份有限公司 2024年度 审计报告 | 索引 | | 页码 | | --- | --- | --- | | 审计报告 | | 1-5 | | 公司财务报表 | | | | — | 资产负债表 | 1-2 | | — | 利润表 | 3 | | — | 现金流量表 | 4 | | — | 所有者权益变动表 | 5-6 | | — | 财务报表附注 | 7-69 | 联系由任· 3 务所 北京市东城区朝阳门北大街 审计报告 XYZH/2025BJAG1B0256 成都智明达电子股份有限公司 成都智明达电子股份有限公司全体股东: 一、审计意见 我们审计了成都智明达电子股份有限公司(以下简称智明达公司)财务报表,包括 2024年 12月 31日的资产负债表,2024年度的利润表、现金流量表、股东权益变动表 以及相关财务报表附注。 我们认为,后附的财务报表在所有重大方面按照企业会计准则的规定编制,公允反 映了智明达公司 2024年12月 31日的财务状况以及 2024年度的经营成果和现金流量。 二、形成审计意见的基础 我们按照中国注册会计师审计准则的规定执行了审计工作。审计报告的"注册会计 师对财务报表 ...

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： 投资者可于 2025 年 04 月 18 日（星期五）至 04 月 24 日（星期四）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 688636zmd@zmdde.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。 证券代码：688636 证券简称：智明达 公告编号：2025-006 成都智明达电子股份有限公司 关于召开 2024 年度暨 2025 年第一季度 业绩说明会的公告 董事会秘书：秦音 成都智明达电子股份有限公司（以下简称"公司"）将于 2025 年 4 月 25 日发 布公司 2024 年度报告及 2025 年第一季度报告，为便于广大投资者更全面深入地 了解公司 2024 年度及 2025 年第一季度经营成果、财务状况，公司计划于 2025 年 04 月 25 日（星期五）15:00-16:00 举行 2024 年度暨 2025 年第一季度业绩说 ...

根据最新业绩预告，智明达预计2025年第一季度净利润为780万元，实现扭亏。这一成绩是在智明达2024年整体业绩承压的背景下取得的。2024年，智明达 实现营业收入43792.76万元，同比减少33.95%；实现归属于母公司所有者的净利润1925.00万元，同比减少80.00%。智明达2025年第一季度的盈利表现仍显 示出其经营状况正在逐步改善。 虽然，智明达在技术转型和市场拓展方面取得了一定成效，但仍面临诸多挑战。首先，行业竞争激烈，智明达在机载、弹载等传统优势领域面临着来自同行 的激烈竞争。其次，受行业因素影响，智明达多型号订单延后，导致2024年收入同比降幅较大。此外，智明达在2024年前三季度的营业利润和净利润均出现 了亏损，反映出其在成本控制和盈利能力方面仍需进一步提升。 据悉，智明达近年来在技术研发和市场拓展方面持续发力，特别是在AI技术的应用上取得了显著进展。智明达此前布局的AI技术已陆续落地于视觉着陆、 导引头图像处理、无人机协同控制等多个应用领域，并成功装备到各类产品中。此外，智明达还在无人机、低空经济、商业航天等新兴领域积极拓展业务， 为未来的增长奠定了基础。 4月7日，智明达（68863 ...

2025-04-07 公司点评 买入/维持 智明达（688636） 目标价：60.00 昨收盘：39.48 国防军工 产品订单大幅增长，看好全年业绩表现 走势比较 -50% -40% -30% -20% -10% 0% 10% 20% 30% 40% 50% Apr/24 May/24 Jun/24 Jul/24 Aug/24 Sep/24 Oct/24 Nov/24 Dec/24 Jan/25 Feb/25 Mar/25 智明达 沪深300 股票数据 | 总股本/流通(亿股) | 1.13/1.13 | 1.76/0.97 | | --- | --- | --- | | 总市值/流通(亿元) | 44.44/44.42 | 88.08/44.24 | | 12 个月最高/最低(元) | 42.77/24.37 | 59.68/43.90 | 相关研究报告 【太平洋证券】国防军工 2025 年度策略： 聚焦新域新质，迎接景气拐点 智明达（688636）深度报告："嵌入"国家 重点领域，迎接智能化时代发展新机遇 事件：公司发布 2025 年一季度业绩预告，经财务部门初步测算，预 计 2025 年第一季度实现营业 ...

Group 1 - The company expects a net profit attributable to shareholders of approximately 7.8 million yuan for Q1 2025, an increase of about 18.91 million yuan year-on-year [1] - The projected operating revenue for Q1 2025 is around 80 million yuan, reflecting a year-on-year growth of approximately 63%, which translates to an increase of about 31.01 million yuan [1] - The company has implemented a technology-leading strategy, enhancing its technical capabilities and expanding its product line across various sectors, including airborne, missile, commercial aerospace, and unmanned equipment [1] Group 2 - The company has experienced a significant increase in orders due to rising customer demand, with Q1 orders reaching a historical high compared to the same period last year [1] - The largest growth in orders was seen in missile-mounted products, while airborne, drone, and AI-related product orders also experienced varying degrees of increase [1] - The company has reported improved performance from its equity investees, with reduced losses year-on-year and increased investment income [1] Group 3 - The company has delivered AI-related products in small batches, with expectations for greater revenue contributions throughout the year [1] - Chengdu Zhimianda Electronics Co., Ltd. has made investments in two enterprises and participated in 102 bidding projects [2] - The company holds 1 trademark and 69 patents, along with 24 administrative licenses [2]

一、停牌 1、成大生物：韶关高腾要约收购期满，股票停牌一天。 二、并购 1、圣农发展：拟收购太阳谷54%股权。 三、股权转让，回购 1、高测股份：控股股东张顼拟询价转让4.99%。 2、雅本化学：公司实际控制人变更为蔡彤、汪新芽。 3、三一重工：拟以10亿元-20亿元回购公司股份，用于员工持股计划。 4、德邦科技：拟4000万元-8000万元回购股份。 四、对外投资、日常经营 1、夏厦精密：拟投资不超过10亿元建设行星滚柱丝杠和减速机等生产项目。 2、锦龙股份：拟转让所持有的中山证券67.78%股权，目前已在上海联合产权交易所预挂牌。 3、三一重能：拟合计投资不超过10亿美元在乌兹别克斯坦建设两个风电场项目。 4、恩捷股份：下属子公司与美国某知名汽车公司签订锂电池隔离膜供应协议。 5、城地香江：子公司签订中国移动呼和浩特数据中心算力基础设施建维服务项目合同。 6、通裕重工：拟向金融机构申请70亿元融资额度。 五、业绩变动 1、利尔化学：预计一季度净利润同比增长203.08%-223.98%；公司部分产品的销量和价格有所上涨，导 致一季度经营业绩同比实现增长。 2、智明达：预计一季度净利润为780万元，同比扭亏 ...

Revenue Expectations - The company expects Q1 2025 revenue to be approximately 80 million yuan, an increase of about 31.01 million yuan, representing a year-over-year growth of approximately 63%[3]. - The significant revenue growth is attributed to a substantial increase in new orders, particularly in airborne and unmanned equipment products, which have reached historical highs compared to the previous year[6]. - AI-related products have begun small-scale deliveries, with expectations for more revenue contributions throughout the year[8]. Profitability - The estimated net profit attributable to the parent company for Q1 2025 is around 7.8 million yuan, a turnaround from a loss of 11.12 million yuan in the same period last year, reflecting an increase of about 18.91 million yuan[3][5]. - The company has seen improvements in the performance of its equity investments, resulting in a year-over-year increase in investment income[8]. Financial Reporting - The financial data in the earnings forecast has not been audited by registered accountants and is based on preliminary calculations by the company's finance department[4][9]. - The company emphasizes that the forecast data is preliminary and the final financial figures will be disclosed in the official Q1 2025 report[10].