昆山东威科技股份有限公司 | --- | --- | --- | |----------------------|--------------------------------------------------------------------|-----------------------------------------| | | | | | 投资者关系活动类别 | £ | 特定对象调研 □分析师会议 | | | £ 媒体采访 R | 业绩说明会 | | | □新闻发布会 £路演活动 | | | | £ 现场调研 £电话会议 | | | | £ 其他 | | | 参与单位及人员名称 | 网上投资者 | | | 调研时间 | 2024 年 10 月 17 | 日 | | 会议地点 | 上证路演中心 | | | 上市公司接待人员姓名 | 董事长、总经理：刘建波 副总经理、财务总监：周湘荣 独立董事：陆华明 | | | | 董事会秘书：徐佩佩 | | | 投资者关系活动内容记 | 主要问题： 1. | 请问公司今年 PCB 设备的订单可以带来 | | 录 | 多少净利润？订单是涉及 | AI 的高端设备 ...

Investment Rating - The report assigns a "Buy" rating to the company, indicating an expected return that exceeds the CSI 300 Index by more than 15% [5]. Core Views - The company has a strong foothold in the PCB electroplating equipment sector, with significant technical accumulation and recognition from clients, leading to additional orders [2][3]. - The recovery in the PCB industry is expected to support the company's long-term performance, with projected net profits for 2024, 2025, and 2026 estimated at 2.21 billion, 3.27 billion, and 4.31 billion yuan respectively [2][3]. - The company is diversifying into new fields such as renewable energy equipment, which is anticipated to contribute to future growth [2][3]. Financial Summary - **Revenue Forecast**: The company's revenue is projected to increase from 909.23 million yuan in 2023 to 1,238.89 million yuan in 2024, reaching 2,232.13 million yuan by 2026 [3]. - **Net Profit**: The net profit is expected to rise from 151.43 million yuan in 2023 to 220.92 million yuan in 2024, and further to 430.55 million yuan by 2026 [3]. - **Earnings Per Share (EPS)**: EPS is forecasted to grow from 0.51 yuan in 2023 to 0.74 yuan in 2024, and reach 1.44 yuan by 2026 [3]. - **Price-to-Earnings (P/E) Ratio**: The P/E ratio is projected to decrease from 40.85 in 2023 to 28.00 in 2024, and further down to 14.37 by 2026 [3]. - **Price-to-Book (P/B) Ratio**: The P/B ratio is expected to decline from 3.56 in 2023 to 3.31 in 2024, and to 2.67 by 2026 [3]. Investment Highlights - The company has signed a significant equipment procurement contract with Zhuhai Deep Link Circuit Co., Ltd., valued at 1.3064 billion yuan, indicating strong demand for its products [1]. - Despite a decline in revenue from renewable energy equipment and rising raw material costs, the company is expected to benefit from the recovery in the industry and its early positioning in the market [1][2]. - Continuous investment in R&D is enhancing the company's technological innovation capabilities, which is crucial for maintaining competitive advantage [2].

证券代码：688700 证券简称：东威科技 公告编号：2024-030 昆山东威科技股份有限公司 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、准确性和完整性承担法律责任。 重要内容提示： https://roadshow.sseinfo.com/） 会议召开方式：上证路演中心网络互动 本次投资者说明会以网络互动形式召开，公司将针对 2024 年半 会议召开时间：2024 年 10 月 17 日(星期四) 上午 11:00-12:00 会议召开地点：上海证券交易所上证路演中心（网址： 年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 10 月 17 日 上午 11:00-12:00 （二） 会议召开地点：上证路演中心 （三） 会议召开方式：上证路演中心网络互动 投资者可于 2024 年 10 月 10 日(星期四) 至 10 月 16 日(星期 三)16:00 前登录上证路演 ...

昆山东威科技股份有限公司 关于特定股东大宗交易减持股份计划公告 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。 重要内容提示： 特定股东的基本情况 截至本公告披露日，昆山东威科技股份有限公司（以下简称"公司"）于 2024 年9月12日收到公司特定股东谢玉龙先生提交的《减持告知函》。截止本公告日， 谢玉龙先生持有公司 6,534,807 股份，占公司总股本的 2.19%。其中 4,565,363 股为公司首次公开发行并在科创板上市前的股份，已于 2021 年 6 月 15 日起上市 流通；461,412 股为增持股份；1,508,032 股为权益分派资本公积转增股本。 减持计划的主要内容 因股东自身财务需求及安排，谢玉龙先生拟通过大宗交易的方式减持不超过 5,960,000 股公司股份，拟减持比例不超过公司总股本的 2.00%。本次大宗交易 减持，自减持计划公告披露之日起 15 个交易日后的 3 个月内进行。此次拟减持 股份来源为首次公开发行前股份，集中竞价交易取得股份及上市后资本公积转增 股份。 证券代码：6 ...

Group 1: Business Performance and Projections - The company's PCB electroplating equipment orders have seen significant growth, driven by investment trends in Southeast Asia, AI servers, and the electrification and intelligence of vehicles. The company expects record-high orders in 2025 for this sector [2] - The company completed a share buyback of 400,800 shares in February 2024, with future buyback plans dependent on financial conditions [2] - The demand for HDI boards has surged, leading to increased orders for the company's horizontal plating three-in-one equipment, which has successfully replaced overseas equipment and gained customer recognition [3] Group 2: Product Development and Market Trends - The company is currently developing wide-width double-sided clamping electroplating equipment, aiming to maintain production speed while increasing width, with a verification period of 3-4 months [3] - Despite underperformance in the composite fluid industry, the company remains optimistic about its new energy membrane equipment expansion project, which is expected to lay a solid foundation for future growth [3] - The company is actively sampling for over a dozen clients regarding glass substrate electroplating equipment, with promising results and upcoming contracts anticipated [2]

证券代码：688700 证券简称：东威科技 公告编号：2024-028 昆山东威科技股份有限公司 关于自愿披露签订日常经营合同的公告 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： 对上市公司业绩的影响：受具体交货批次及验收时间的影响，预计本合 同将对公司 2025 年经营业绩产生积极的影响，实际影响可能因市场环境变 化、 生产能力限制、技术更新等因素而有所差异，具体影响数以各年度经审 计的财务报告为准。 风险提示：合同各方均具有良好的履约能力，但在合同履行期间，如遇 不 可抗力或其他因素将影响最终执行情况。 一、审议程序情况 本次签订合同为日常经营相关合同，无需董事会、股东大会审议，也不 需独立董事和律师发表意见。公司已履行了签署该合同相应的内部审批程 序。 二、合同标的和对方当事人情况 1、合同标的情况 近日，公司与珠海市深联电路有限公司签订了《设备购销合同》，合同标的 为 VCP 垂直连续电镀线及其配套软件，合同金额分别为 6350 万元及 6714 万元， 合计人民币 1.3064 亿元。 合同类型 ...

Group 1: Financial Performance - The revenue structure has changed significantly compared to the same period last year, with PCB equipment accounting for approximately 65% of total revenue [1][3] - General hardware equipment represents around 15% of total revenue [3] - Revenue from the new energy sector has decreased significantly, now accounting for about 10% of total revenue due to slower industry advancement [3] Group 2: Profitability Insights - The net profit decline has exceeded the revenue decline primarily due to changes in product structure, with a significant drop in high-margin new energy equipment revenue [3] - Rising raw material prices have also contributed to the greater decline in net profit compared to revenue [3] Group 3: Business Outlook - The company is optimistic about the PCB equipment business, with new orders exceeding the total for the entire year of 2023 and expected to surpass the historical peak in 2021 [3][4] - The demand for HDI boards has surged, leading to increased orders for the horizontal plating three-in-one equipment, which has gained recognition and additional orders from clients [4] Group 4: Industry Trends - The composite copper foil industry is expected to grow, despite initial setbacks, with ongoing research and development aimed at improving material utilization and reducing production costs [4] - The company remains confident in the long-term development trends of composite copper foil due to its cost reduction, safety, and efficiency advantages [4]

关于昆山东威科技股份有限公司 国投证券股份有限公司 2024 年半年度持续督导跟踪报告 2021 年 6 月 15 日，昆山东威科技股份有限公司（以下简称"东威科技"、"公 司"）在上海证券交易所科创板上市。根据《证券发行上市保荐业务管理办法（2023 年修订）》《上海证券交易所科创板股票上市规则》及《上海证券交易所上市公 司自律监管指引第 11 号——持续督导》等相关规定，国投证券股份有限公司（以 下简称"国投证券"、"保荐机构"）作为东威科技的保荐机构，对东威科技进行持 续督导，持续督导期为 2021 年 6 月 15 日至 2024 年 12 月 31 日。 2024 年半年度，国投证券对东威科技的持续督导工作情况如下： | 一、持续督导工作情况 | | --- | | 序号 | 工作内容 | 持续督导情况 | | --- | --- | --- | | 1 | 建立健全并有效执行持续督导工作制度，并针对具体的持续督 | 保荐机构已建立健全并有效执行了持续 | | | 导工作制定相应的工作计划。 | 督导制度，并制定了相应的工作计划。 | | | 根据中国证监会相关规定，在持续督导工作开始前，与上市公 ...

Financial Performance - The company reported a significant increase in revenue for the first half of 2024, achieving a total of 500 million yuan, representing a 25% growth compared to the same period last year[8]. - Revenue for the first half of 2024 was RMB 392,138,314.18, a decrease of 21.40% compared to RMB 498,889,634.11 in the same period last year[14]. - Net profit attributable to shareholders decreased by 45.53% to RMB 55,679,524.81 from RMB 102,222,679.57 year-on-year[14]. - The net cash flow from operating activities fell by 659.95%, resulting in a negative cash flow of RMB -14,631,135.72[14]. - Basic and diluted earnings per share dropped by 61.22% to RMB 0.19 from RMB 0.49 in the previous year[15]. - The weighted average return on equity decreased by 7.26 percentage points to 3.19% from 10.45% year-on-year[15]. - The net profit after deducting non-recurring gains and losses fell by 49.57% to RMB 49,126,477.93 from RMB 97,415,381.15[14]. - The company reported a financial loss of CNY 3.14 million from Dongguan Dongwei Technology Co., Ltd. in the first half of 2024[66]. - The company reported a net loss of 68,757,818.91 for the current period, indicating a significant decline in profitability[127]. Market Expansion and Strategy - The company is actively pursuing market expansion, targeting Southeast Asia with plans to establish a new manufacturing facility in Thailand by Q3 2024[8]. - The company has completed a strategic acquisition of a local competitor, which is anticipated to increase market share by 10%[8]. - The company has achieved full coverage of nearly all top 100 PCB customers, demonstrating strong brand recognition and market penetration[21]. - The company is actively exploring copper-alternative silver technology in the photovoltaic sector to improve efficiency and reduce costs[24]. - The company is implementing an integrated sales strategy for its magnetic sputtering equipment and composite copper foil plating equipment, aiming for synergy in production lines[23]. Research and Development - Research and development expenses have increased by 18%, reflecting the company's commitment to innovation and technology advancement[8]. - The company has invested heavily in R&D, focusing on the development of specialized equipment for lithium batteries and photovoltaic applications, resulting in multiple technological breakthroughs[25]. - The company achieved a total R&D investment of ¥41,601,881.14, representing a 5.55% increase compared to the previous year[30]. - R&D investment accounted for 10.61% of operating revenue, an increase of 2.71 percentage points from the previous year[30]. - The company applied for 10 new patents during the reporting period, bringing the total number of applications to 578, with 34 patents granted[29]. Product Development and Innovation - New product development includes the launch of a next-generation vertical continuous plating (VCP) system, expected to enhance production efficiency by 30%[8]. - The company has shipped over 1,000 units of its vertical continuous plating equipment (VCP), maintaining a leading position in the PCB plating market[21]. - The VCP equipment offers higher precision, lower pollution, and reduced safety risks compared to traditional gantry plating equipment, enhancing its competitive edge[21]. - The third-generation photovoltaic copper plating equipment can produce 8,000 pieces per hour and has begun mass production at customer sites, contributing to China's leadership in the photovoltaic manufacturing industry[23]. - The company is actively developing composite aluminum foil equipment and has completed the prototype for aluminum vapor deposition, indicating a commitment to innovation in the energy sector[23]. Financial Health and Ratios - The company maintains a strong balance sheet with a current ratio of 2.5, indicating good short-term financial health[8]. - The company's total assets decreased by 3.27% to RMB 2,400,778,207.21 from RMB 2,481,922,259.48 year-on-year[14]. - The net assets attributable to shareholders were RMB 1,719,395,180.53, a decrease of 0.97% from RMB 1,736,315,757.41 at the end of the previous year[14]. - The company's total liabilities decreased to CNY 681,383,026.68 from CNY 745,606,502.07, a reduction of approximately 8.6%[110]. - The company's equity attributable to shareholders was CNY 1,719,395,180.53, slightly down from CNY 1,736,315,757.41, reflecting a decrease of about 1.0%[110]. Risks and Challenges - The company has identified potential risks related to supply chain disruptions, which may impact production timelines[3]. - The company faces risks related to core technology leakage and talent retention, which could impact its competitive position in the market[49][50]. - The company’s inventory at the end of June 2024 was RMB 44,263.92 million, indicating potential risks if inventory levels continue to rise[51]. - Accounts receivable stood at RMB 63,568.43 million, posing a risk of bad debts if customer credit conditions worsen[52]. Shareholder and Capital Management - The company plans to distribute a cash dividend of RMB 2.5 per 10 shares, which accounts for 37.85% of the net profit attributable to shareholders for the year 2023[48]. - The company completed a share buyback of 400,800 shares, with a total expenditure of between RMB 15 million and RMB 20 million[47]. - The company’s major shareholders have committed to not reducing their holdings for 12 months starting from June 15, 2024[77]. - The company has established a commitment to ensure that no more than 25% of shares can be transferred annually by directors during their tenure[78]. - The company will announce any share repurchase decisions and plans within 2 working days after the board resolution[82]. Environmental and Social Responsibility - The company has implemented carbon reduction measures, achieving a reduction of 365 tons of CO2 equivalent emissions through the use of clean energy[75]. - The company has completed a 800kWp distributed photovoltaic power station project, which is expected to save approximately 220 tons of standard coal annually and reduce CO2 emissions by about 730 tons[75]. - The company has established an environmental protection mechanism and invested CNY 1.50 million in environmental protection funds during the reporting period[74]. Corporate Governance and Compliance - The company has committed to fulfilling all public commitments made during its initial public offering[89]. - The company will publicly disclose reasons for any failure to meet commitments and apologize to shareholders and the public[86]. - The company has pledged to strictly adhere to all public commitments made during its IPO on the Shanghai Stock Exchange, accepting social supervision[87].

证券代码：688700 证券简称：东威科技 公告编号：2024-026 2024年半年度募集资金存放与使用情况的专项报告 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。 昆山东威科技股份有限公司（以下简称"公司"或"东威科技"）董事会根 据《上市公司监管指引第2号——上市公司募集资金管理和使用的监管要求》等 有关规定，编制了截至2024年6月30日期间的《2024年半年度募集资金存放与使 用情况的专项报告》。 一、GDR 募集资金基本情况 2022 年 12 月 12 日，公司召开第二届董事会第七次会议，并于 2022 年 12 月 28 日召开 2022 年第一次临时股东大会，审议通过《关于公司发行 GDR 并在瑞 士证券交易所上市及转为境外募集股份有限公司的议案》等本次发行上市相关议 案。 公司于 2023 年 2 月 2 日取得了瑞士证券交易所监管局关于公司发行 GDR 并 在瑞士证券交易所上市的附条件批准。2023 年 3 月 21 日收到中国证券监督管理 委员会（以下简称"中国证监会"）出具的《关于核准昆山东威科技股 ...