证券代码：000636 证券简称：风华高科 公告编号：2024-58 广东风华高新科技股份有限公司 关于参加广东省广晟控股集团有限公司控股上市公司 2024 年投资者集体交流会的公告 公司及董事会全体成员保证公告内容的真实、准确、完整，没有虚假记载、误导 性陈述或重大遗漏。 为进一步加强与投资者沟通交流，广东风华高新科技股份有限公司 （以下简称"公司"）将参加控股股东广东省广晟控股集团有限公司（以 下简称"广晟控股集团"）举办的"价值领航，晟装出发"——广晟控股 集团上市公司 2024 年投资者集体交流会（以下简称"集体交流会"）， 现将有关事项公告如下： 一、召开的时间、地点及方式 （一）召开时间：2024 年 11 月 5 日（星期二）下午 14:30-17:00， 其中，现场会议时间为 14:30-16:35，网络互动时间为 16:00-17:00。 （二）召开方式：现场交流、视频直播、网络文字互动 （三）现场会议地址：深圳证券交易所上市大厅 （四）网络地址："全景• 路演天下"网站（https://rs.p5w.net/ html/144988.shtml） 二、公司参加人员 参加本次集体交流会的人员 ...

Group 1: Company Overview and Market Position - The company, Guangdong Fenghua High-tech Co., Ltd., is actively engaging in the electronic information manufacturing industry, with stable growth in sales across home appliances, communications, automotive, and industrial control sectors [2]. - The company aims to leverage opportunities in emerging fields such as AI computing power, energy storage, and low-altitude economy, while continuously optimizing product and customer structures [2]. Group 2: Competitive Strategy - The passive component industry, where the company operates, is experiencing an upward trend, and the company plans to adopt a cost-leading and technology-leading competitive strategy [2]. - The company emphasizes innovation and aims to enhance core competitiveness through organizational reform, talent acquisition, and management efficiency [2]. Group 3: Research and Development - The company has established a robust technology innovation system, including six national-level innovation research platforms and two research stations [3]. - Significant achievements in new products and key materials include the development of high-temperature, high-voltage ceramic powder for MLCCs, and breakthroughs in automotive-grade products [3]. Group 4: Cost Control Measures - The company is implementing a comprehensive cost reduction strategy, focusing on procurement, technology, efficiency improvement, yield enhancement, process optimization, energy conservation, and automation [3]. - Positive results have been achieved in cost control efforts, contributing to a cost-leading advantage [3]. Group 5: Production Capacity and Planning - Recent investments include projects to enhance production capacity for resistors, capacitors, and inductors, with specific targets such as a monthly production increase of 28 billion chip resistors and 1 billion integrated inductors [3]. - The company is committed to optimizing product and customer structures to improve high-end product delivery capabilities and market share [3].

证券代码：000636 证券简称：风华高科 公告编号：2024-57 广东风华高新科技股份有限公司 关于广东风华中新元器件股权投资合伙企业（有限合 伙）投资设立子基金的公告 公司及董事会全体成员保证公告内容的真实、准确、完整，没有虚假记载、误导 性陈述或重大遗漏。 根据发展需要，广东风华高新科技股份有限公司（以下简称"公司"） 与天津中新睿博企业管理合伙企业（有限合伙）（以下简称"中新睿博"） 于 2024 年 5 月共同投资设立广东风华中新元器件股权投资合伙企业（有 限合伙）（简称"风华中新"），风华中新总认缴出资额为 5.01 亿元， 其中：公司作为有限合伙人认缴 5 亿元，占认缴出资总额的 99.80%；中 新睿博作为普通合伙人认缴 100 万元，占认缴出资总额的 0.20%。具体情 况详见公司分别于 2024 年 1 月 4 日、5 月 14 日、7 月 9 日在指定信息披 露媒体披露的《关于与专业机构共同投资的公告》和《关于与专业投资机 构共同投资进展情况的公告》。 公司于近日收到风华中新通知，风华中新与广州明道私募基金管理有 限公司（以下简称"广州明道"）等九方共同发起设立子基金—广州风华 明禾创 ...

Investment Rating - The report maintains an "Outperform" rating for the company [6][7]. Core Insights - The company reported a revenue of 2.391 billion yuan for H1 2024, representing a year-on-year increase of 15.18%, with a net profit attributable to shareholders of 207 million yuan, up 143.62% year-on-year [6][7]. - The company's main products, including MLCC and chip resistors, are recognized as "national-level manufacturing champions" and are widely used across various sectors such as automotive electronics, communications, and consumer electronics [6][7]. - The company has accelerated R&D for high-end products, achieving breakthroughs in key technologies and expanding its product offerings [6][7]. Financial Summary - For H1 2024, the company achieved a revenue of 2.391 billion yuan, with a gross margin of 22.39%, reflecting a quarter-on-quarter increase of 5.8 percentage points [6][7]. - The company’s total revenue projections for 2024E, 2025E, and 2026E are 4.857 billion yuan, 5.215 billion yuan, and 6.057 billion yuan, respectively, with corresponding net profits of 436 million yuan, 593 million yuan, and 706 million yuan [8][10]. - The company’s earnings per share (EPS) are projected to be 0.38 yuan for 2024E, 0.51 yuan for 2025E, and 0.61 yuan for 2026E [8][10].

Group 1: Financial Performance - The company achieved a revenue of 2.39 billion yuan in the first half of 2024, representing a year-on-year growth of 15.18% [2] - Net profit reached 2.07 billion yuan, with a significant year-on-year increase of 172.73% [2] - The net profit margin remains low compared to competitors, raising concerns about competitive strength [2] Group 2: Product Development and Innovation - The company is focusing on high-end capacitor and resistor materials, with breakthroughs in technology for automotive-grade products [3] - New product developments include high-temperature, high-voltage MLCCs and ultra-miniature inductors [3] - The company emphasizes the importance of innovation and has made it a key focus for the year [2] Group 3: Production Capacity and Quality Management - The third phase of the Xianghe project has partially released capacity and is supplying products to customers [3] - The company is implementing comprehensive quality management initiatives to enhance product quality and competitiveness [3] - There are ongoing efforts to address product quality issues highlighted by litigation with Changhong Network [3]

证券代码：000636 证券简称：风华高科 公告编号：2024-56 广东风华高新科技股份有限公司 关于诉讼事项进展情况暨收到《民事调解书》的公告 本公司及董事会全体成员保证公告内容的真实、准确、完整，没有虚假记载、 误导性陈述或重大遗漏。 特别提示： 1.案件所处的诉讼阶段：调解结案。 2.公司所处的当事人地位：被告。 3.诉讼案件的金额：285,408,397.21 元。 4.对公司损益产生的影响：本次公告的诉讼事项，双方已自愿达成 调解并经法院予以确认，公司应向长虹网络支付补偿金 45,367,210.50 元，调解书尚需按期履行。公司已于 2022 年度和 2024 年半年度对合同 纠纷事项累计计提预计负债 45,367,210.50 元，与经法院调解确认的公 司应支付长虹网络补偿金额一致，本次调解结案不会对公司期后利润产 生重大不利影响，具体会计处理及财务数据以审计机构年度审计确认的 结果为准。 广东风华高新科技股份有限公司（简称"公司"）于近日收到四川 省绵阳市中级人民法院送达的《民事调解书》[(2023）川 07 民初 56 号] 等相关材料。现将本次诉讼事项相关情况公告如下： 一、诉讼案件基本 ...

Group 1: Event Details - The company will participate in the "2024 Guangdong Region Investor Relations Management Month" event [2] - The event will be held online on September 12, 2024, from 15:30 to 16:30 [2] - Investors can join the event via the "Panorama Roadshow" website [2] Group 2: Communication Focus - Company executives will discuss the 2024 semi-annual performance, corporate governance, development strategy, operational status, and sustainable development [2] - The event aims to enhance interaction and communication with investors [2] Group 3: Assurance of Information - The company and its board guarantee the announcement's authenticity, accuracy, and completeness [2] - There are no false records, misleading statements, or significant omissions in the announcement [2]

Investment Rating - Maintains a "Buy" rating with a target price of RMB 15.60 [1] Core Views - The company's profitability significantly improved in 2Q24, with net profit attributable to the parent company increasing by 402% YoY [1] - Gross margin and net margin reached a two-year high, driven by steady growth in production and sales of resistors, capacitors, and inductors, as well as improved material self-sufficiency [1] - The company's revenue for H1 2024 reached RMB 2.391 billion, a YoY increase of 15.18%, with Q2 revenue at RMB 1.333 billion, up 16.73% YoY and 25.98% QoQ [1] - Adjusted net profit forecasts for 2024-2026 are RMB 450 million, RMB 620 million, and RMB 760 million, respectively, reflecting the company's leading position in the domestic electronic components market and its advantages in MLCC high-end transformation [1] Financial Performance - 2Q24 gross margin improved to 22.39%, a YoY increase of 7.9 percentage points, while net margin reached 10.09%, up 7.7 percentage points YoY [2] - Operating expenses ratio in 2Q24 was 9.31%, showing a YoY and QoQ decline due to cost control measures [2] - Sales, management, and R&D expense ratios decreased by 1.0 and 1.3 percentage points YoY, respectively, while financial expense ratio increased by 2.0 percentage points [2] Product and Market Development - The company achieved breakthroughs in key technologies for high-end products, including high-temperature, high-voltage ceramic powders for MLCC and self-developed slurries, which reduced raw material costs [3] - Launched a series of high-end products such as integrated inductors, 01005 ultra-miniature inductors, alloy resistors, and MLCCs [3] - Sales in the automotive electronics sector increased by 68% YoY, while the communications and industrial control sectors grew by 35% and 18%, respectively [3] - Expanded into emerging markets such as computing power, energy storage, and drones, with significant progress in international markets, particularly in Asia and Europe [3] Valuation and Forecasts - The company is valued at 40x expected PE for 2024, with a target price of RMB 15.60, reflecting its leading position in the domestic MLCC market and its high-end strategy [4] - Forecasted EPS for 2024-2026 are RMB 0.39, RMB 0.53, and RMB 0.66, respectively [4] Historical Financial Data - Revenue for 2022, 2023, and 2024E are RMB 3.874 billion, RMB 4.221 billion, and RMB 5.245 billion, respectively, with YoY growth rates of -23.37%, 8.97%, and 24.25% [5] - Net profit attributable to the parent company for 2022, 2023, and 2024E are RMB 327.04 million, RMB 173.48 million, and RMB 445.47 million, respectively, with significant YoY growth in 2024E [5] - ROE for 2022, 2023, and 2024E are 2.83%, 1.50%, and 3.73%, respectively, showing a recovery trend [5]

广东风华高新科技股份有限公司 经理层任期制和契约化管理制度 第一章 总则 第一条 为贯彻落实省委省政府和省国资委关于全面深化国有企 业改革、在省属二级及以下企业全面推行经理层任期制和契约化管理 的工作部署，根据《关于深化省属国资国企改革发展的若干措施》（粤 改委发〔2020〕10 号）、省国资委《关于在省属二级及以下企业推行 经理层任期制和契约化管理的工作方案》（粤国资函〔2020〕227 号）、 《经理层成员任期制和契约化管理契约文本操作要点》（国企改办发 〔2022〕6 号）及《风华高科推行经理层任期制和契约化管理、职业 经理人制度的实施方案》（风华字〔2020〕171 号），制定本制度。 第二条 本制度适用于广东风华高新科技股份有限公司（以下简 称"公司"）经理层，包括总裁、副总裁等高级管理人员。公司党委书 记、党委专职副书记、纪委书记、三总师等管理人员可参照本制度执 行。 第三条 本制度所指的经理层任期制和契约化管理，是指对经理 层实行的以固定任期和契约关系为基础，根据合同或协议约定开展年 度和任期考核，并根据考核结果兑现薪酬和实施聘任（或解聘）的管 理方式。 第四条 经理层任期制和契约化管理，必须坚 ...

广东风华高新科技股份有限公司 第三条 兼任公司内部其他岗位职务的董事、监事不单独设立董事、 监事薪酬，按其在公司所担任非董事、监事的岗位职务标准领取薪酬。 第四条 董事、监事和高级管理人员薪酬要有利于公司长远稳定发 展，同时也要与公司效益及工作目标紧密结合，与市场价值规律相符,薪 酬管理具备以下原则： （一）实行薪酬水平与公司经营效益及发展目标挂钩的原则。 （二）坚持按劳分配和责、权、利对等相结合的原则。 （三）短期与长期激励相结合的原则。 1 董事、监事和高级管理人员薪酬与考核管理制度 第一章 总则 第一条 为推进广东风华高新科技股份有限公司（以下简称"公司"） 治理体系和治理能力现代化，创新完善薪酬分配制度，更好地发挥薪酬制 度的激励约束功能，激励管理者干事创业、担当作为，引导公司实现高质 量发展，根据《公司法》《上市公司治理准则》等有关法律、法规和《公 司章程》的相关规定，结合公司实际情况，特制定本制度。 第二条 本制度适用于董事（董事长及专职非独立董事）、监事（监 事会主席、专职监事等）、高级管理人员（总裁、副总裁、董事会秘书以 及董事会确定的其他高级管理人员）。 公司党委书记参照本制度董事长薪酬标准 ...