证券代码：688698 证券简称：伟创电气 公告编号：2024-088 苏州伟创电气科技股份有限公司 关于股份回购进展公告 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、准确性和完整性承担法律责任。 1 中竞价交易方式回购公司股份的回购报告书》（公告编号：2024-056）。 二、 回购股份的进展情况 截至 2024 年 11 月 19 日，公司通过上海证券交易所交易系统以集中竞价交易 方式已累计回购公司股份 849,390 股，占公司总股本的比例约为 0.4018%，回购成 交的最高价为 35.83 元/股，最低价为 20.00 元/股，支付的资金总额为人民币 20,011,832.32 元（不含印花税、交易佣金等交易费用）。 上述回购股份符合相关法律、法规的规定及公司回购股份方案。 三、 其他事项 公司将严格按照《上市公司股份回购规则》《上海证券交易所上市公司自律监 管指引第 7 号——回购股份》等相关规定，在回购期限内根据市场情况择机做出 回购决策并予以实施，同时根据回购股份事项进展情况及时履行信息披露义务，敬 请广大投资者注意投资风险。 重要内容 ...

证券代码：688698 证券简称：伟创电气 公告编号：2024-087 苏州伟创电气科技股份有限公司 关于为控股子公司提供担保的公告 ● 本次担保金额及已实际为其提供的担保余额：公司拟为灵适智慧提供担保额 度不超过人民币 5,000 万元。截至本公告披露日，公司尚未对被担保人提供担保。 ● 本次担保无反担保，公司无逾期对外担保情形。 ● 本次担保无需提交股东大会审议。 一、担保情况概述 （一）基本情况 为满足控股子公司灵适智慧日常经营需要，加快子公司良性发展，提升公司 整体实力，现拟为灵适智慧向银行等金融机构申请授信合计不超过人民币 5,000 万 元的保证担保，担保事项范围包括但不限于贷款、保函、保理、开立信用证、银 行承兑汇票等，担保有效期为董事会审议通过之日起 12 个月。公司董事会授权总 经理或其指定的授权代理人办理上述事宜，签署相关法律文件。 1 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： ● 被担保人：被担保人为深圳市灵适智慧能源有限公司（以下简称灵适智慧）， 系苏州伟创电气科技股份有限公司 ...

Group 1: Financial Performance - In the first three quarters of 2024, the company achieved operating revenue of 115,697.90 million yuan, a year-on-year increase of 34.09% [1] - The net profit attributable to shareholders of the listed company was 21,044.93 million yuan, with a net profit excluding non-recurring gains and losses of 20,566.28 million yuan, reflecting a growth of 36.40% compared to the same period last year [1] Group 2: Order and Delivery Status - The company reported stable order conditions, with consistent growth in orders and deliveries during the first three quarters [1] - Plans to enhance the industrial control automation product layout, transitioning from single products to customized system solutions for clients [1] Group 3: R&D and Sales Strategy - The company will continue to invest in R&D to enhance product innovation and core competitiveness while also increasing focus on sales expenses to boost market share and brand influence [2] - A unique "regional + industry" marketing system has been established to adapt to rapid market changes, leveraging regional advantages to support industry clients [2] Group 4: Future Industry Layout - The company is exploring new fields such as robotics, HVAC, port machinery, and metallurgy, aiming to extend product customization based on customer needs [2] - It aims to assist the low-carbon and green development of the shipbuilding and marine engineering industry through specialized products and system solutions [2]

苏州伟创电气科技股份有限公司股东 减持股份结果暨权益变动达到 1%的提示性公告 本公司董事会、全体董事及相关股东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。 证券代码：688698 证券简称：伟创电气 公告编号：2024-086 重要内容提示： 股东持股的基本情况 本次减持计划实施前，苏州伟创电气科技股份有限公司（以下简称公司）控 股股东淮安市伟创电气科技有限公司（以下简称淮安伟创）持有公司股份 125,000,000 股（占公司总股本 211,375,274 股剔除公司回购专用账户中的股份 693,197 股后的 59.33%）；苏州金昊诚投资合伙企业（有限合伙）（以下简称金昊 诚）持有公司股份 5,000,000 股（占公司总股本 211,375,274 股剔除公司回购专用 账户中的股份 693,197 股后的 2.37%）；苏州金致诚投资合伙企业（有限合伙）（以 下简称金致诚）持有公司股份 5,000,000 股（占公司总股本 211,375,274 股剔除公 司回购专用账户中的股份 693,197 股后的 2.37%）。金昊诚、金致 ...

Group 1: Company Overview - Suzhou Weichuang Electric Technology Co., Ltd. is involved in the development of robotic products, including low-voltage servo systems and core components like hollow cup motors and frameless motors [1]. - The company has established a partnership with Keda Li and Shanghai Mengli to jointly invest in Shenzhen Weidali Innovation Technology Co., Ltd. to enhance capabilities in harmonic manufacturing and large-scale machining [1]. Group 2: Market Insights - The overall market size for low-voltage frequency converters in China for 2023 is approximately 29.37 billion yuan [1]. - The company is focused on providing competitive integrated solutions in intelligent electromechanical systems, ensuring quality and efficiency in delivery through self-research and production of core components [1].

Investment Rating - The investment rating for the company is "Outperform the Market" [2] Core Views - The company has shown strong revenue growth with a 22.37% year-on-year increase in revenue for the first three quarters of 2024, reaching 1.157 billion yuan, and a 34.09% increase in net profit attributable to shareholders, amounting to 210 million yuan [5][6] - The improvement in profitability is attributed to enhanced production automation, optimized product design, and cost structure, leading to a gross margin increase of 2.57 percentage points [5] - The company is expanding its industrial control automation product layout and is expected to continue to enhance its competitive edge in the market [8] Summary by Sections Financial Performance - In Q3 2024, the company achieved a revenue of 386 million yuan, a 20.25% increase year-on-year, with a gross margin of 42.63%, up 5.52 percentage points [6] - The net profit for Q3 2024 was 76 million yuan, reflecting a 51.88% year-on-year growth [6] - The company’s expense ratio increased to 24.51% in Q3 2024, with sales, management, and R&D expenses rising [6] Product Development - The company has diversified its product offerings in frequency converters, servo systems, and control systems, catering to various industries including heavy industry, light industry, and high-end equipment [7][8] - The frequency converter segment saw a revenue decline of 3.13% for general products but a significant 51.69% increase for industry-specific products [6] Future Outlook - The company is projected to achieve net profits of 273 million yuan, 344 million yuan, and 437 million yuan for the years 2024, 2025, and 2026 respectively, with corresponding EPS of 1.29 yuan, 1.63 yuan, and 2.07 yuan [8][12] - The estimated P/E ratio for 2024 is between 25-30 times, suggesting a reasonable price range of 32.25 yuan to 38.7 yuan [8]

Investment Rating - The investment rating for the company is "Accumulate" (首次覆盖) [1] Core Views - The company has shown rapid expansion in overseas business and continuous improvement in profitability. The third quarter of 2024 saw a revenue of 3.86 billion yuan, a year-on-year increase of 20.25%, and a net profit of 0.76 billion yuan, up 51.88% year-on-year. The gross margin reached 42.63%, an increase of 5.5 percentage points year-on-year, while the net margin was 18.67%, up 3.3 percentage points year-on-year [1][2] - The company is positioned as a leading player in the domestic industrial control sector, with expectations for steady growth in future performance. Forecasted net profits for 2024-2026 are 273 million yuan, 343 million yuan, and 426 million yuan, respectively, with corresponding P/E ratios of 25.0, 19.9, and 16.1 [1][2] Financial Performance Summary - For the first three quarters of 2024, the company achieved a revenue of 1.157 billion yuan, a year-on-year increase of 22.37%, and a net profit of 210 million yuan, up 34.09% year-on-year [1] - The company’s revenue and net profit for Q3 2024 were 386 million yuan and 76 million yuan, respectively, reflecting a year-on-year increase of 20.25% and 51.88% [1] - The company’s gross margin improved to 42.63%, and the net margin was 18.67%, indicating significant profitability enhancement driven by strong overseas demand [1] Revenue and Profit Forecast - The projected revenue for 2024 is 1.69 billion yuan, with a growth rate of 29.52%. The net profit is expected to be 273 million yuan, reflecting a growth rate of 43.31% [2][4] - The company’s earnings per share (EPS) for 2024 is forecasted at 1.29 yuan, with a P/E ratio of 25.0 [2][4] Comparable Company Valuation - The average P/E ratios for comparable companies from 2024 to 2026 are 29.0, 23.5, and 19.1, respectively, indicating that the current valuation of the company is reasonable [1][3]

证券代码：688698 证券简称：伟创电气 公告编号：2024-085 苏州伟创电气科技股份有限公司 关于股东减持股份达到1%的提示性公告 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： 本次权益变动为苏州伟创电气科技股份有限公司（以下简称伟创电气或公司） 控股股东淮安市伟创电气科技有限公司（以下简称淮安伟创）及其一致行动人苏州 金昊诚投资合伙企业（有限合伙）（以下简称金昊诚）、苏州金致诚投资合伙企业 （有限合伙）（以下简称金致诚）履行减持股份计划及持有股份被动稀释所致，不 触及要约收购，不会导致公司控股股东、实际控制人发生变化。 本次权益变动后，淮安伟创及其一致行动人金昊诚、金致诚合计持有的股份 数量由 135,000,000 股降至 132,430,001 股，占公司总股本的比例由 64.21%减少至 62.65%。 公司于 2024 年 11 月 4 日收到股东淮安伟创及其一致行动人金昊诚、金致诚的 《苏州伟创电气科技股份有限公司股东权益变动告知函》，淮安伟创、金昊诚、金 致诚于 2024 年 11 ...

Group 1: Financial Performance - In the first nine months of 2024, the company achieved operating revenue of 115,697.90 million yuan, a year-on-year increase of 22.37% [1] - The net profit attributable to shareholders was 36.40%, with a net profit margin of 18.19%, up 1.59 percentage points from the same period last year [1] - Domestic revenue reached 80,773.08 million yuan, growing by 38.60% year-on-year, while overseas revenue was 31,999.59 million yuan, reflecting a growth of 23.61% [1] Group 2: Business Segmentation - The main business categories include servo systems and control systems, which generated significant revenue [1] - The company’s expenses for the period were 26,230.51 million yuan, accounting for 22.67% of operating revenue, with R&D expenses at 14,087.32 million yuan, representing 12.18% [1] - The growth in expenses was attributed to increased R&D personnel and project investments, higher sales expenses to expand market share, and rising management costs [1] Group 3: Market Outlook and Strategy - The company anticipates stable order growth for the fourth quarter, with ongoing efforts to enhance market expansion and internal management [2] - The second-generation high-voltage frequency converter products are expected to continue leveraging market potential in the first half of 2024 [2] - The company is focusing on developing mid-to-large PLC products and has successfully obtained certification for the ACH200 series, which can be applied in various industrial equipment [2] Group 4: Industry Expansion - The company is actively exploring new sectors, including textiles, mining, machine tools, and efficient energy, while maintaining stable growth in traditional areas [3] - Future plans include expanding into robotics, heavy industry, HVAC, port machinery, and petrochemicals, customizing products based on customer needs [3] - The overseas market growth is primarily driven by existing business increments, with a focus on regions like Asia, Africa, and Latin America [3]

Investment Rating - The report maintains a "Recommend" rating for Weichai Electric (688698 SH) [1][3] Core Views - Weichai Electric's Q3 2024 performance exceeded expectations, with steady growth across all business segments [1] - The company achieved significant cost structure optimization and gross margin improvement [1] - Weichai Electric is expanding into the intelligent robotics sector, which is expected to enhance its product portfolio and competitiveness [1] Financial Performance Revenue and Profit - Q3 2024 revenue reached 386 million yuan, a 20 25% YoY increase but a 12 96% QoQ decline [1] - Net profit attributable to shareholders in Q3 2024 was 76 million yuan, up 51 88% YoY but down 5 74% QoQ [1] - For the first three quarters of 2024, revenue totaled 1 157 billion yuan, a 22 37% YoY increase, with net profit attributable to shareholders at 210 million yuan, up 34 09% YoY [1] Business Segments - General frequency converters: Revenue of 301 million yuan, down 3 13% YoY [1] - Industry-specific frequency converters: Revenue of 449 million yuan, up 51 69% YoY [1] - Servo systems and control systems: Revenue of 369 million yuan, up 21 62% YoY [1] Cost Structure and Profitability - Gross margin for the first three quarters of 2024 was 40 53%, up 2 57 percentage points YoY [1] - Net margin for the same period was 17 66%, up 1 33 percentage points YoY [1] - Q3 2024 gross margin reached 42 63%, up 5 52 percentage points YoY and 3 61 percentage points QoQ [1] R&D and Innovation - R&D expenses for the first three quarters of 2024 were 141 million yuan, a 36 20% YoY increase [1] - The company has 615 R&D personnel, accounting for 35 39% of total employees [1] - In Q3 2024, the company obtained 11 new patents, bringing the total number of valid patents to 222 (including 54 invention patents) [1] Future Outlook - Revenue is projected to reach 1 795 billion yuan in 2024, 2 444 billion yuan in 2025, and 3 280 billion yuan in 2026 [1][2] - Net profit attributable to shareholders is expected to be 255 million yuan in 2024, 344 million yuan in 2025, and 459 million yuan in 2026 [1][2] - The company's PE ratio is forecasted to be 27X in 2024, 20X in 2025, and 15X in 2026 [1][2] Industry and Market Position - Weichai Electric is strengthening its position in the industrial automation sector through product diversification and technological innovation [1] - The company's expansion into intelligent robotics is expected to create new growth opportunities in the automation and AI sectors [1]