Core Points - Chengdu Zhimingda Electronics Co., Ltd. held a shareholders' meeting on May 20, 2025, with no rejected proposals [1] - The meeting was chaired by Chairman Wang Yong and utilized a combination of on-site and online voting methods, complying with legal and regulatory requirements [1][4] - The voting results showed overwhelming support for all proposals, with the majority of votes in favor exceeding 99% [2][3] Meeting Attendance and Voting - A total of 38 ordinary shareholders attended the meeting, representing 43,551,893 voting rights, which accounted for 38.6916% of the company's total voting rights [1] - The voting results for various proposals indicated a high level of agreement among shareholders, with the following key votes: - Proposal for annual audit institution: 43,530,893 votes in favor (99.9517%) [2] - Proposal for profit distribution: 43,479,206 votes in favor (99.8331%) [3] - Proposal for the annual board work report: 43,477,988 votes in favor (99.8303%) [3] Legal Compliance and Documentation - The meeting's procedures were confirmed to be in compliance with the Company Law, Securities Law, and relevant regulations, as verified by legal representatives [4] - The company will maintain records of the meeting, including signed resolutions and legal opinions from the witnessing law firm [5]

北京中伦（成都）律师事务所 关于成都智明达电子股份有限公司 2024 年年度股东会的 法律意见书 【2025】中伦成律（见）字第 136223-0006-052001 号 根据《中华人民共和国公司法》（以下简称"《公司法》"）、《中华人民共和国 证券法》（以下简称"《证券法》"）、中国证券监督管理委员会《上市公司股东会 规则》（以下简称"《股东会规则》"）及《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》（以下简称"《科创板规范运作指引》"）等法律、行 政法规和规范性文件及《成都智明达电子股份有限公司章程》（以下简称"公司 章程"）的规定，北京中伦（成都）律师事务所（以下简称"中伦"或"本所"） 接受成都智明达电子股份有限公司（以下简称"公司"）的委托，指派律师出席 了公司 2024 年年度股东会（以下简称"本次股东会"），并对本次股东会的相关 事项进行见证，依法出具本法律意见书。 为出具本法律意见书，本所律师审查了公司提供的以下文件，包括但不限于： 1．公司章程； 法律意见书 在本法律意见书中，本所律师仅对本次股东会的召集、召开程序、出席会议 人员资格、召集人资格及会议表决程序、表决结果 ...

证券代码：688636 证券简称：智明达 公告编号：2025-020 成都智明达电子股份有限公司 2024年年度股东会决议公告 本公司董事会及全体董事保证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： 本次会议是否有被否决议案：无 一、 会议召开和出席情况 （一） 股东会召开的时间：2025 年 05 月 20 日 （二） 股东会召开的地点：成都市敬业路 108 号 T 区 1 栋 12 楼会议室 （三） 出席会议的普通股股东、特别表决权股东、恢复表决权的优先股股东及 其持有表决权数量的情况： | 1、出席会议的股东和代理人人数 | 38 | | --- | --- | | 普通股股东人数 | 38 | | 2、出席会议的股东所持有的表决权数量 | 43,551,893 | | 普通股股东所持有表决权数量 | 43,551,893 | | 3、出席会议的股东所持有表决权数量占公司表决权数量的比 | 38.6916 | | 例（%） | | | 普通股股东所持有表决权数量占公司表决权数量的比例（%） | 38.6916 | （四） 表决 ...

嵌入式计算机下游应用广泛，重点领域需求空间巨大 。近年来，通讯、医疗、重点领域等行业巨大的智能化装备需求拉动了嵌入式计算机的发展。重点领域使 用嵌入式计算机以软硬件结合的方式，并通常以模块、插件或设备形式嵌入到重点领域装备系统内部，具有可靠性高、实时性强、灵巧化的特点，被广泛应用于 重点领域装备控制、指挥控制和通信系统仿真等作战与保障系统中。随着国防信息化建设的加速推进，重点领域装备的信息化、智能化程度将不断提升，而嵌入 式计算机作为高科技装备的智能核心，必将迎来需求快速增长的重大发展机遇期。 文章转自2025年3月28日太平洋军工团队报告，分析师： 马浩然 投资要点 国内重点领域嵌入式计算机行业"小巨人"。 智明达是国内重点领域嵌入式计算机行业的领先企业，基于客户需求为国内重点领域客户提供嵌入式计算机相关的 定制方案、产品与服务。目前，公司的产品和解决方案已涵盖接口控制、数据处理、信号处理、图形图像处理、高可靠智能电源、数据采集、通信交换、大容量 存储与图像感知等技术方向，多年来服务于国家重点领域客户，成功将产品应用于机载、弹载等多种重点领域装备平台。 产品覆盖多个重点领域，充分受益下游高景气。 智明达在巩 ...

成都智明达电子股份有限公司 2024 年年度股东会 会 议 材 料 2025 年 5 月 9 日 成都智明达电子股份有限公司 2024 年年度股东会会议资料 目录 会议开始后，由大会主持人宣布现场出席会议的股东人数及其所持有表决权的股份总数， 在此之后进入的股东无权参与现场投票表决。 三、为保证股东会的严肃性和正常秩序，切实维护与会股东的合法权益，除出席会议的 股东及股东代理人、公司董事、监事、高级管理人员、见证律师及董事会邀请的人员外，公 司有权拒绝其他人员进入会场。 | 2024 | 年年度股东会会议须知 | 3 | | --- | --- | --- | | 2024 | 年年度股东会议程 | 5 | | 2024 | 年年度股东会会议议案 | 7 | | 议案一 | 关于《2024 年度董事会工作报告》的议案 8 | | | 议案二 | 关于《2024 年度监事会工作报告》的议案 9 | | | 议案三 | 关于《公司 2024 年年度报告及其摘要》的议案 | 10 | | 议案四 | 关于《公司 2024 年度利润分配及资本公积转增股本方案》的议案 | 11 | | 议案五 | 关于《公司向银行申请 ...

首次公开发行股票并在科创板上市 之保荐总结报告书 | 保荐机构名称 | 华泰联合证券有限责任公司 | | --- | --- | | 保荐机构编号 | Z26774000 | 一、保荐机构及保荐代表人承诺 1、保荐总结报告书和证明文件及其相关资料的内容不存在虚假记载、误导 性陈述或重大遗漏，保荐机构及保荐代表人对其真实性、准确性、完整性承担法 律责任。 2、本机构及本人自愿接受中国证券监督管理委员会（以下简称"中国证监 会"）、上海证券交易所对保荐总结报告书相关事项进行的任何质询和调查。 3、本机构及本人自愿接受中国证监会按照《证券发行上市保荐业务管理办 法》的有关规定采取的监管措施。 保荐总结报告书 华泰联合证券有限责任公司 关于成都智明达电子股份有限公司 二、保荐机构基本情况 | 情况 | 内容 | | --- | --- | | 保荐机构名称 | 华泰联合证券有限责任公司 | | 注册地址 | 深圳市前海深港合作区南山街道桂湾五路 128 号前海深港基金小 | | | 镇 B7 栋 401 | | 主要办公地址 | 上海市浦东新区东方路 18 号保利广场 E 座 20 楼 | | 法定代表人 | 江禹 ...

一、保荐机构和保荐代表人发现的问题及整改情况 无。 二、重大风险事项 公司面临的风险因素主要如下： 华泰联合证券有限责任公司 关于成都智明达电子股份有限公司 2024 年度持续督导跟踪报告 | 保荐机构名称：华泰联合证券有限责任公司 | 被保荐公司简称：智明达 | | --- | --- | | 保荐代表人姓名：陈迪 | 联系电话：021-38966905 | | 保荐代表人姓名：寇琪 | 联系电话：021-38966905 | 根据《证券法》《证券发行上市保荐业务管理办法》和《上海证券交易所科 创板股票上市规则》等有关法律、法规的规定，华泰联合证券有限责任公司（以 下简称"华泰联合证券"或"保荐机构"）作为成都智明达电子股份有限公司（以 下简称"智明达"、"公司"或"发行人"）向不特定对象发行可转换公司债券 的保荐机构，对智明达进行持续督导，并出具本持续督导跟踪报告： （一）业绩大幅下滑或亏损的风险 公司产品主要应用于重点领域装备中，下游直接客户为国家重点领域科研生 产单位，最终用户为重点领域队伍。报告期内，受最终用户的采购计划和间歇性 大幅调整采购量等因素影响，公司多型号订单延后、新增订单不及预期，导致营 ...

Group 1 - The stock of Zhimin Da (688636) has a comprehensive score of 58.25, indicating a strong performance [1] - The main cost analysis shows the following prices: current main cost at 41.54 yuan, 5-day main cost at 40.10 yuan, 20-day main cost at 39.44 yuan, and 60-day main cost at 36.60 yuan [1] - The stock has not experienced any limit-up or limit-down events in the past year [1] Group 2 - The short-term resistance level is at 40.75 yuan, while the short-term support level is at 38.04 yuan [2] - The stock price has broken through the short-term resistance level, indicating potential short-term strength, although the mid-term trend remains unclear [2] - The K-line pattern shows a "Red Three Soldiers" formation, suggesting a possible bottoming and rebound [2] Group 3 - As of April 30, 2025, the net inflow of main funds is 669.81 million yuan, accounting for 10% of the total transaction volume [2] - The breakdown of fund inflows includes a net inflow of 267.27 million yuan from large orders and 402.54 million yuan from major orders, with retail investors contributing a net inflow of 174.58 million yuan [2] - Related industry sectors include Internet services (2.16%), drones (1.75%), military industry (1.47%), and low-altitude economy (1.57%) [2]

Financial Performance - The company reported a total revenue of 438 million yuan in 2024, representing a year-on-year decline of 33.95% [1][4] - The net profit attributable to shareholders was 19.45 million yuan, down 79.79% year-on-year, while the net profit after deducting non-recurring items was 12.12 million yuan, a decrease of 80.37% [1][4] - The decline in revenue is attributed primarily to delayed multi-model orders, despite a 6.65% increase in orders on hand compared to the previous year [4] Industry Challenges - The company faced intensified industry competition and rising raw material costs, which exerted pressure on its profitability [4] - The performance downturn in 2024 contrasts sharply with the growth seen in the previous years, where revenues increased by 38.43%, 22.58%, and 20.35% from 2021 to 2023 [4] Technological Advancements - The company made progress in AI technology applications, successfully implementing it in areas such as visual landing, guidance head image processing, and drone collaborative control [4][6] - The successful application of AI technology lays a foundation for broader applications in fields like optics, radar, communications, and data links [4] Market Expansion - The company is actively expanding into emerging sectors such as drones, low-altitude economy, and commercial aerospace [5] - It has participated in projects related to drone flight control systems, avionics networking, and commercial rocket engine control, thereby increasing its market share [5] Future Outlook - The "Embedded Computer Capacity Expansion Project" is set to reach operational status by September 2024, supporting future capacity expansion and technological upgrades [6] - With the gradual recovery of industry demand, the company is expected to experience explosive growth in orders in 2025 [6] - Despite the poor performance in 2024, the company's efforts in technological innovation and market expansion are expected to lay a foundation for future growth [6]

Investment Rating - The report maintains a rating of "Accumulate" for the company [1] Core Views - The company experienced a significant decline in revenue and net profit in 2024, with total revenue of 438 million yuan, down 33.95% year-on-year, and a net profit attributable to shareholders of 19.45 million yuan, down 79.79% year-on-year [1][8] - The decline in performance is attributed to several factors, including a slowdown in market demand, project delays from clients, rising raw material costs, and increased R&D expenses [8] - The company continues to invest in product development and technological innovation, achieving multiple breakthroughs and expanding its product offerings [8] - Future growth is expected to be driven by advancements in embedded computer technology, ongoing national defense information construction, and increased investment in key areas by the government [8] Financial Summary - The company forecasts a net profit of 111.17 million yuan in 2025 and 141.79 million yuan in 2026, with an additional projection of 164.57 million yuan for 2027, corresponding to P/E ratios of 40, 31, and 27 respectively [1][8] - The projected revenue for 2025 is 682.44 million yuan, with a growth rate of 55.83%, followed by 913.23 million yuan in 2026 and 1,203.33 million yuan in 2027 [1][8] - The company plans to enhance its R&D capabilities and expand its market share in the embedded computer application sector [8]