关于处置部分金融资产的公告 上海艾为电子技术股份有限公司 证券代码：688798 证券简称：艾为电子 公告编号：2024-052 本次交易标的在公司财务报表中列示为"交易性金融资产"，该金融资产按 照公允价值计量且其变动计入当期损益。本次交易累积产生收益 2,407.24 万元 （扣除所得税等影响），包括（1）2022 年度至 2023 年度公司已确认公允价值变 动净收益 1,152.39 万元（扣除所得税等影响），并已经体现在公司 2022 年度及 2023 年度经审计财务报表中；（2）2024 年前三季度已确认公允价值变动净损失 31.18 万元（扣除所得税等影响），并已经体现在公司 2024 年前三季度报告财务 报表中；（3）本次处置收益金额 1,286.03 万元（扣除所得税等影响），占公司 最近一期（2023 年度）经审计的归属于上市公司股东的净利润的比例为 25.21%。 此次处置该部分股票将会对公司 2024 年损益产生积极影响。 以上数据为初步核算结果，公司将根据《企业会计准则》等有关规定对该交 易进行会计处理，具体以公司 2024 年度审计报告为准，敬请广大投资者注意投 资风险。 公司处置部 ...

证券简称：艾为电子 证券代码：688798 上海艾为电子技术股份有限公司 投资者关系活动汇总表 （2024 年 11 月 07 日） | --- | --- | --- | |--------------------|------------------------------------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------| | 投资者关 ...

Investment Rating - The report maintains an "Overweight" rating for the company [1] Core Views - The company achieved a revenue of 2.366 billion yuan in the first three quarters of 2024, a YoY increase of 32.71%, and a net profit attributable to the parent company of 178 million yuan, turning from a loss to a profit [2] - In Q3 2024, the company's gross margin reached 32.92%, a QoQ increase of 4.02 percentage points, marking the fourth consecutive quarter of improvement [3] - The company has formed a platform-based model with three product lines: high-performance mixed-signal chips, power management, and signal chain, and is steadily advancing more comprehensive systematic innovation solutions [4] - Long-term growth is expected as the company continues to enhance its product matrix and expand into high-margin areas such as industrial internet and automotive electronics [4] Financial Performance - The company's gross margin for the first three quarters of 2024 was 29.69%, with Q3 gross margin at 32.92%, showing strong QoQ improvement [3] - Total operating expenses for Q3 2024 were 208 million yuan, with R&D expenses at 135 million yuan, a QoQ increase of 6.30% [3] - The company's revenue for 2024/2025/2026 is forecasted to be 3.149 billion yuan, 3.896 billion yuan, and 4.797 billion yuan, respectively, with YoY growth rates of 24.4%, 23.7%, and 23.1% [5] - Net profit attributable to the parent company for 2024/2025/2026 is expected to be 244 million yuan, 465 million yuan, and 718 million yuan, with YoY growth rates of 379.0%, 90.2%, and 54.6% [5] Product and Market Strategy - The company has a comprehensive audio solution integrating hardware chips and software algorithms, expanding into mid-to-high power areas such as notebooks and automotive audio [4] - The company's Haptic hardware and TikTap tactile feedback system have a strong first-mover advantage, with continuous product iteration [4] - The company's OIS chips and anti-shake algorithms for high-precision optical image stabilization are leading in progress and are expected to see significant growth in 2024 [4] Valuation and Ratios - The company's PE ratios for 2024/2025/2026 are 61.6x, 32.4x, and 21.0x, respectively, based on the closing price on November 4, 2024 [5] - The company's ROE is expected to improve from 6.3% in 2024 to 14.5% in 2026 [6] - The company's gross margin is forecasted to increase from 30.7% in 2024 to 35.6% in 2026 [6]

上海市锦天城律师事务所 关于上海艾为电子技术股份有限公司 2024 年第三次临时股东大会 的 法律意见书 上海市锦天城律师事务所 地址：上海市浦东新区银城中路 501 号上海中心大厦 9、11、12 楼 电话：021-20511000 传真：021-20511999 邮编：200120 上海市锦天城律师事务所 法律意见书 临时股东大会的法律意见书 致：上海艾为电子技术股份有限公司 上海市锦天城律师事务所（以下简称"本所"）接受上海艾为电子技术股份 有限公司（以下简称"公司"）委托，就公司召开 2024 年第三次临时股东大会 （以下简称"本次股东大会"）的有关事宜，根据《中华人民共和国公司法》（以 下简称《公司法》）、《上市公司股东大会规则》等法律、法规、规章和其他规 范性文件以及《上海艾为电子技术股份有限公司章程》（以下简称《公司章程》） 的有关规定，出具本法律意见书。 为出具本法律意见书，本所及本所律师依据《律师事务所从事证券法律业务 管理办法》和《律师事务所证券法律业务执业规则（试行）》等规定及本法律意 见出具日以前已经发生或者存在的事实，严格履行了法定职责，遵循了勤勉尽责 和诚实信用原则，对本次股东大会 ...

证券代码：688798 证券简称：艾为电子 公告编号：2024-051 上海艾为电子技术股份有限公司 2024 年第三次临时股东大会决议公告 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 （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 | 143 | | --- | --- | | 普通股股东人数 | 143 | | 2、出席会议的股东所持有的表决权数量 | 158,902,298 | | 普通股股东所持有表决权数量 | 158,902,298 | | 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 | 68.5835 | | 比例（%） | | | 普通股股东所持有表决权数量占公司表决权数量的比例 | 68.5835 | | （%） | | （四） 表决方式是否符合《公司法》及公司章程的规定，大会主持情况等。 本次会议由董事会召集，会议采取现场投票和网络投票相 ...

证券简称：艾为电子 证券代码：688798 上海艾为电子技术股份有限公司 投资者关系活动汇总表 （2024 年 11 月 1 日） | --- | --- | --- | |---------------------------|---------------------------------------------------------------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...

Investment Rating - The report maintains a "Recommended" rating for the company [2][4]. Core Views - The company has shown significant improvement in profitability, with a revenue of 2.366 billion yuan for the first three quarters of 2024, representing a year-on-year growth of 32.71%. The net profit attributable to shareholders reached 178 million yuan, marking a turnaround from losses [2]. - The gross margin has been continuously improving, with a third-quarter gross margin of 32.92%, up 10.8 percentage points year-on-year and 4.02 percentage points quarter-on-quarter. This reflects the company's effective cost management and operational efficiency [2]. - The product matrix is expanding, with over 1,300 product models covering various fields such as consumer electronics, IoT, industrial, and automotive applications. New product launches in high-performance mixed-signal chips, power management chips, and signal chain chips are expected to drive future growth [2]. Financial Performance Summary - For the first three quarters of 2024, the company achieved a revenue of 2.366 billion yuan, with a net profit of 178 million yuan, and a non-recurring net profit of 136 million yuan, all showing significant year-on-year improvements [2]. - The third quarter alone saw a revenue of 785 million yuan, a year-on-year increase of 1.35%, and a net profit of 86 million yuan, reflecting a 55.27% quarter-on-quarter growth [2]. - The projected net profits for 2024, 2025, and 2026 are estimated at 249 million yuan, 512 million yuan, and 764 million yuan, respectively, with corresponding price-to-earnings ratios of 59, 29, and 19 [2][3].

Investment Rating - The investment rating for the company is "Outperform the Market" [3][18]. Core Views - The company reported a revenue growth of 33% year-on-year for the first three quarters of 2024, with a return to profitability, achieving a net profit of 178 million yuan, a significant increase of 265% year-on-year [1][5]. - The gross margin has improved for four consecutive quarters, reaching 29.69% for the first three quarters of 2024, up 4.6 percentage points from the previous year [1][5]. - The company is focusing on new products and markets, with a stable growth in consumer electronics, industrial interconnection, and automotive sectors, leading to an increase in market share [1][5]. Financial Performance Summary - For the first three quarters of 2024, the company achieved a revenue of 2.366 billion yuan, with a net profit of 178 million yuan and a net profit margin of 7.52% [1][5]. - The third quarter of 2024 saw a revenue of 785 million yuan, with a year-on-year growth of 1.35% and a net profit of 86 million yuan, reflecting a year-on-year increase of 325% [1][5]. - The company has reduced R&D expenses by 15.56% to 388 million yuan in the first three quarters of 2024, with a R&D expense ratio of 16.40% [1][7]. Revenue and Profit Forecast - The company forecasts revenues of 3.149 billion yuan for 2024, with a year-on-year growth of 24.4%, and net profits of 241 million yuan, representing a growth of 372.8% [2][8]. - The projected earnings per share (EPS) for 2024 is 1.04 yuan, with a price-to-earnings (P/E) ratio of 64.7 [2][8]. - The company expects to maintain a gross margin of 30.3% in 2024, increasing to 33.15% by 2026 [2][8]. Product Segmentation - High-performance mixed-signal chips accounted for 48% of revenue in the first half of 2024, with a revenue of 756 million yuan, showing a year-on-year growth of 52.9% [5][6]. - Power management chips contributed 33% of revenue, with a revenue of 522 million yuan, reflecting a year-on-year increase of 44.8% [6]. - Signal chain chips saw a significant growth of 118% year-on-year, contributing 19% to the revenue with 302 million yuan [6].

Investment Rating - The report maintains a "Buy" investment rating for the company [6] Core Views - The company has experienced rapid revenue growth, with stable improvements in profitability. In Q3 2024, the company achieved a revenue of 785 million yuan, a year-on-year increase of 1.35%, and turned a profit with a net profit attributable to shareholders of 86 million yuan, marking a significant turnaround [2][3] - The company's gross margin for Q3 2024 was 32.92%, reflecting a year-on-year increase of 10.8 percentage points and a quarter-on-quarter increase of 4.02 percentage points, indicating a consistent improvement in profitability over four consecutive quarters [3] - The company has established a strong position in the high-performance mixed-signal chip sector, with successful product launches in audio solutions and automotive applications, contributing to revenue growth [4] Summary by Sections Revenue and Profitability - For the first three quarters of 2024, the company maintained stable growth in its consumer electronics, industrial internet, and automotive sectors, leading to significant performance improvements. The net profit attributable to shareholders in Q3 2024 increased by 55.27% quarter-on-quarter [3] - The company forecasts revenues of 3.144 billion, 3.849 billion, and 4.634 billion yuan for 2024, 2025, and 2026 respectively, with corresponding EPS of 0.83, 1.51, and 2.29 yuan [6][8] Product Development - The company has successfully launched multiple products in the audio amplifier and camera motor driver sectors, achieving significant market penetration and production scale. Notably, it is the first to achieve mass production of optical image stabilization (OIS) technology [4] - The company is expanding its product offerings in power management and signal chain chips, with significant production increases in DCDC and LDO products across various applications [4] Financial Projections - The report projects a revenue growth rate of 24.2% for 2024, with a substantial increase in net profit expected to reach 192 million yuan, reflecting a growth rate of 276.6% compared to the previous year [8] - The company's gross margin is expected to improve to 35.6% in 2024, with a net profit margin projected to reach 6.1% [8]

Investment Rating - The investment rating for the company is "Buy" (maintained) [1] Core Views - The company has shown significant quarter-on-quarter profit recovery in Q3 2024, with all three major business segments contributing positively [2][3] - The company achieved a revenue of 2.366 billion yuan in the first three quarters of 2024, representing a year-on-year increase of 32.71% [2] - The net profit attributable to shareholders reached 178 million yuan in Q3 2024, a year-on-year increase of 125 million yuan and a quarter-on-quarter increase of 55.27% [2] - The company is focusing on continuous technological innovation and expanding its product categories into AIoT and automotive sectors, enhancing its customer base and market depth [2][3] - The company has optimized its R&D, supply chain, and quality management systems, leading to improved management and operational efficiency [3] Financial Summary - For Q3 2024, the company reported a revenue of 785 million yuan, a year-on-year increase of 1.35% and a quarter-on-quarter decrease of 2.62% [2] - The gross profit margin for Q3 2024 was 32.92%, up 10.79 percentage points year-on-year and 4.01 percentage points quarter-on-quarter [2] - The net profit margin for Q3 2024 was 11.01%, reflecting a year-on-year increase of 15.97 percentage points and a quarter-on-quarter increase of 4.11 percentage points [2] - The company’s R&D investment in Q3 2024 was 135 million yuan, a year-on-year increase of 2.68% and a quarter-on-quarter increase of 6.30% [3] - The projected net profits for 2024-2026 are 191 million, 348 million, and 528 million yuan respectively, with corresponding P/E ratios of 85.8, 47.2, and 31.0 [2][4]