数据四舍五入，查看更多财务数据>> 二、前10名无限售条件股东持股情况 | 报告期指标 | 2024年年报 | 2023年年报 | 本年比上年增减(%) | 2022年年报 | | --- | --- | --- | --- | --- | | 基本每股收益（元） | 0.2900 | 0.1500 | 93.33 | 0.3100 | | 每股净资产（元） | 10.56 | 10.32 | 2.33 | 10.26 | | 每股公积金(元) | 6.18 | 6.18 | 0 | 6.18 | | 每股未分配利润(元) | 2.74 | 2.50 | 9.6 | 2.44 | | 每股经营现金流(元) | - | - | - | - | | 营业收入(亿元) | 49.39 | 42.21 | 17.01 | 38.74 | | 净利润(亿元) | 3.37 | 1.73 | 94.8 | 3.27 | | 净资产收益率(%) | 2.79 | 1.46 | 91.1 | 3.17 | 一、主要会计数据和财务指标 前十大流通股东累计持有： 47249.3万股，累计占流通股比： 40.85%，较上期变化： ...

Financial Performance - The company achieved a record high in sales and a 94% year-on-year increase in net profit attributable to shareholders[2]. - Revenue and profit have increased year-on-year, with a significant improvement in gross profit margin[5]. - The company's operating revenue for 2024 reached ¥4,939,246,038.11, representing a 17.00% increase compared to ¥4,221,429,523.25 in 2023[29]. - Net profit attributable to shareholders for 2024 was ¥337,368,788.80, a significant increase of 94.47% from ¥173,478,853.85 in 2023[29]. - The net profit after deducting non-recurring gains and losses was ¥346,686,467.33, up 130.43% from ¥150,450,796.82 in the previous year[31]. - Basic earnings per share for 2024 were ¥0.29, a 93.33% increase from ¥0.15 in 2023[31]. - Total revenue for 2024 reached ¥4,939,246,038.11, representing a 17.00% increase compared to ¥4,221,429,523.25 in 2023[59]. - Revenue from electronic components and materials was ¥4,865,817,198.43, accounting for 98.51% of total revenue, with a year-on-year growth of 17.04%[59]. - The total distributable profit for the reporting period was CNY 3,167,139,322.68[164]. Strategic Focus and Development - The company has implemented a strategic transformation focusing on three core products, enhancing efficiency through lean management and innovation[4]. - The company plans to focus on high-end electronic components, targeting emerging markets such as AI computing, new energy vehicles, and energy storage[7]. - The company aims to build a sustainable development model for the entire electronic component industry chain, driven by green technology innovation[8]. - The company is committed to enhancing compliance and risk management to ensure high-quality development[8]. - The company plans to enhance its market expansion strategies and invest in new product development to sustain growth in the upcoming years[30]. - The company aims to enhance its brand influence and has been listed as a "World-Class Professional Leading Demonstration Enterprise" by the State-owned Assets Supervision and Administration Commission[58]. - The company is focusing on long-term reform and development strategies, emphasizing "change" and "lean" management[44]. - The company is committed to a reform development strategy labeled "1+2+4+4+N," focusing on innovation and lean management to drive growth[102]. Research and Development - The company emphasizes the importance of innovation, management reform, and digital transformation to drive development and enhance competitiveness[8]. - The company successfully applied for 54 patents during the reporting period, including 39 invention patents and 15 utility model patents[47]. - The company has established a comprehensive technical innovation system with 6 national-level innovation research platforms and 2 research institutes in Zhaoqing and Suzhou[47]. - The company is focusing on high-efficiency innovation, enhancing R&D capabilities in high-reliability, high-capacity, high-temperature, high-voltage, high-precision, and high-frequency areas[55]. - Research and development expenses rose by 24.50% to ¥240,401,749.26, reflecting increased investment in innovation[71]. - The company has implemented a talent development strategy, successfully recruiting over 300 graduates and 20 professionals to support high-quality development[57]. Market and Industry Trends - The electronic components industry is experiencing growth driven by sectors such as 5G communication, automotive electronics, and renewable energy, with stable demand for high-end electronic components[39]. - The automotive electronics segment saw a sales increase of 66% year-on-year, while the communication segment grew by 24% and the industrial control segment by 16%[56]. - The company has maintained a stable market price for its main products, benefiting from the expansion of downstream application scenarios[39]. - The company is positioned as a key player in the electronic components industry, with a comprehensive product series and significant export capabilities[44]. Corporate Governance and Management - The company has established a comprehensive corporate governance structure, including a shareholders' meeting, board of directors, supervisory board, and management team[109]. - The company has completed the re-election of the board of directors and supervisory board, and appointed a new executive team during the reporting period[110]. - The company maintains complete independence from its largest shareholder, Guangsheng Holdings Group, in terms of assets, personnel, finance, organization, and business operations[111]. - The company has established a risk management committee under the board of directors to enhance compliance and risk management functions[110]. - The company has a total of 100 shares held by its directors and senior management, with no changes in shareholding during the reporting period[120]. - The company has a diverse board with members holding various professional backgrounds, including engineering, law, and finance, enhancing its governance structure[122][125][128]. Environmental Responsibility - The company has obtained a national pollutant discharge permit valid from August 12, 2021, to August 11, 2026[175]. - The total wastewater discharge limit is 74,120 tons, with no exceedance reported[176]. - The company has implemented multiple air pollution control facilities, ensuring all emissions meet the required standards[178]. - The company conducts quarterly air and noise monitoring and monthly wastewater testing, with all results meeting standards[179]. - The company has adopted measures to reduce carbon emissions through energy-saving upgrades and management optimization[182]. - The company actively engages in social responsibility initiatives, contributing to rural revitalization and poverty alleviation efforts[183]. Financial Management and Audit - The company conducted a preliminary audit of its 2023 financial statements, receiving an "unqualified" opinion, which suggests strong financial health[154]. - The internal control system was found to be effective, with no significant or important defects identified during the reporting period[168]. - The internal control audit report confirmed that the company maintained effective financial reporting internal controls as of December 31, 2024[171]. - The company has not engaged in any related party transactions that would harm the interests of shareholders during the reporting period[111]. - The company has not reported any changes in the use of raised funds, indicating stable financial management practices[98]. Employee and Talent Development - The company reported a total of 8,716 employees at the end of the reporting period, with 6,067 in production, 310 in sales, and 1,336 in technical roles[157]. - The company has implemented a salary distribution reform, emphasizing performance-based compensation linked to individual contributions and value creation[158]. - The company plans to focus on talent development strategies in 2024, aiming to enhance organizational capabilities and build talent pipelines[159]. - The company has established partnerships with vocational schools to create high-skill talent training bases, successfully training 680 students through various programs[160]. Shareholder Returns - A cash dividend of 1.5 yuan per 10 shares will be distributed to shareholders, based on a total share capital of 1,147,490,419 shares[14]. - The total cash dividend for 2024 is set at CNY 172,123,562.85, with no stock dividends or capital reserve transfers planned[166]. - The company reported a positive profit available for distribution to shareholders, with a cash dividend distribution ratio of 100% of the profit distribution total[164].

广东风华高新科技股份有限公司 2024 年度 非经营性资金占用及其他关联资金往来的 专项说明 | 索引 | 页码 | | --- | --- | | 专项说明 | 1-2 | | 非经营性资金占用及其他关联资金往来情况汇总表 | 1-2 | 关于广东风华高新科技股份有限公司 2024 年度非经营性资金占用及其他关联资金往来的专项说明 XYZH/2025GZAA5B0282 广东风华高新科技股份有限公司 广东风华高新科技股份有限公司全体股东： 我们按照中国注册会计师审计准则审计了广东风华高新科技股份有限公司（以下简 称风华高科）2024 年度财务报表，包括 2024 年 12 月 31 日的合并及母公司资产负债表、 2024 年度的合并及母公司利润表、合并及母公司现金流量表、合并及母公司股东权益变 动表以及财务报表附注，并于 2024 年 4 月 11 日出具了 XYZH/2025GZAA5B0286 号无保留 意见的审计报告。 根据中国证券监督管理委员会《上市公司监管指引第 8 号——上市公司资金往来、 对外担保的监管要求》（证监会公告[2022]26 号），以及深圳证券交易所相关披露的要求， 风华高科编制了 ...

第一创业证券承销保荐有限责任公司 关于广东风华高新科技股份有限公司 2024年度募集资金存放与使用情况的专项核查报告 第一创业证券承销保荐有限责任公司（以下简称"保荐机构"、"一创投行"） 作为广东风华高新科技股份有限公司（以下简称"风华高科"、"公司"）持续督导 的保荐机构，持续督导期间为 2022 年 4 月 27 日至 2023 年 12 月 31 日。截至 2023 年 12 月 31 日，持续督导期限已满，因公司募集资金尚未使用完毕，一创 投行继续对公司募集资金使用情况履行专项督导职责。 根据《证券发行上市保荐业务管理办法》、《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》、《深圳证券交易所股票上市规则》、 《上市公司自律监管指引第 1 号——主板上市公司规范运作》及《深圳证券交易 所上市公司自律监管指引第 13 号——保荐业务》等法律法规的规定，一创投行 对风华高科 2024 年度募集资金存放与使用情况进行了核查，核查情况如下： 一、募集资金基本情况 （一）实际募集资金金额和资金到账时间 经中国证券监督管理委员会《关于核准广东风华高新科技股份有限公司非公 开发行股票的批复》 ...

广东风华高新科技股份有限公司 广东风华高新科技股份有限公司 2024 年度 募集资金年度存放与使用情况鉴证报告 | 索引 | 页码 | | --- | --- | | 募集资金年度存放与使用情况鉴证报告 | 1-2 | | 募集资金年度存放与使用情况专项报告 | 1-8 | 募集资金年度存放与使用情况鉴证报告 XYZH/2025GZAA5B0284 广东风华高新科技股份有限公司全体股东： 我们对后附的广东风华高新科技股份有限公司(以下简称"风华高科")关于《募集 资金 2024 年度存放与使用情况的专项报告》（以下简称"《募集资金年度存放与使用 情况的专项报告》"）执行了鉴证工作。 风华高科管理层的责任是按照深圳证券交易所相关规定编制《募集资金年度存放与 使用情况的专项报告》。这种责任包括设计、实施和维护与《募集资金年度存放与使用 情况的专项报告》编制相关的内部控制，保证《募集资金年度存放与使用情况的专项报 告》的真实、准确和完整，以及不存在由于舞弊或错误而导致的重大错报。我们的责任 是在实施鉴证工作的基础上，对《募集资金年度存放与使用情况的专项报告》发表鉴证 意见。 我们按照《中国注册会计师其他鉴证业务准则 ...

内部控制审计报告 1-2 索引 页码 广东风华高新科技股份有限公司 内部控制审计报告 2024 年 12 月 31 日 内部控制审计报告 XYZH/2025GZAA5B0285 广东风华高新科技股份有限公司 广东风华高新科技股份有限公司全体股东： 按照《企业内部控制审计指引》及中国注册会计师执业准则的相关要求，我们审计 了广东风华高新科技股份有限公司（以下简称风华高科）2024 年 12 月 31 日财务报告内 部控制的有效性。 一、 企业对内部控制的责任 二、 注册会计师的责任 我们的责任是在实施审计工作的基础上，对财务报告内部控制的有效性发表审计意 见，并对注意到的非财务报告内部控制的重大缺陷进行披露。 三、 内部控制的固有局限性 内部控制具有固有局限性，存在不能防止和发现错报的可能性。此外，由于情况的 变化可能导致内部控制变得不恰当，或对控制政策和程序遵循的程度降低，根据内部控 制审计结果推测未来内部控制的有效性具有一定风险。 1 审计报告（续） XYZH/2025GZAA5B0285 广东风华高新科技股份有限公司 四、 财务报告内部控制审计意见 我们认为，风华高科于 2024 年 12 月 31 日按 ...

专项说明 | 索引 | 页码 | | --- | --- | | 专项说明 | 1-2 | | 2024 年度涉及财务公司关联交易的存款、贷款等金融 | 1 | | 业务汇总表 | | 关于广东风华高新科技股份有限公司 2024 年度涉及财务公司关联交易的 存款、贷款等金融业务的 关于广东风华高新科技股份有限公司 2024 年度涉及财务公司关联交易的存款、贷款等金融业务的 专项说明 XYZH/2025GZAA5B0283 广东风华高新科技股份有限公司 广东风华高新科技股份有限公司全体股东： 我们按照中国注册会计师审计准则审计了广东风华高新科技股份有限公司(以下简 称"风华高科") 2024年度财务报表，包括2024年12月31日的合并及母公司资产负债表、 2024年度的合并及母公司利润表、合并及母公司现金流量表、合并及母公司股东权益变 动表，以及相关财务报表附注，并于2025年4月11日出具了XYZH/2025GZAA5B0286号无保 留意见的审计报告。 根据深圳证券交易所相关规定，风华高科编制了本专项说明所附的《广东风华高新 科技股份有限公司2024年度涉及财务公司关联交易的存款、贷款等金融业务汇总表》（ ...

Summary of Fenghua High-Tech Conference Call Company Overview - The conference call focused on Fenghua High-Tech, a company involved in the manufacturing of electronic components, particularly MLCC (Multi-Layer Ceramic Capacitors) and other passive components. Key Points and Arguments Financial Performance - Fenghua High-Tech expects a significant increase in net profit for 2024, with a projected growth of 109.37% to 149.25%, estimating a net profit between 311 million to 370 million yuan [3][4][12] - Despite low product prices, the company achieved record production and sales volumes during the reporting period [3][4] Market Dynamics - The company has seen substantial growth in the communication and automotive sectors, driven by government subsidies for home appliances and the increasing demand from new energy vehicles and AI technology [2][6][8] - The demand for MLCC in emerging fields like AI and new energy vehicles is increasing, with the automotive electronics segment gradually rising from approximately 10% to a higher share [9][11][23] Operational Efficiency - Fenghua High-Tech has improved its production efficiency, maintaining a utilization rate above 89%, which is an increase compared to the previous year [7][8] - The company has implemented project management strategies to enhance cost control, innovation, and digital transformation, leading to a reduction in operational costs [3][12] Product Development and Innovation - The company is focusing on high-end product development and has seen a continuous increase in the proportion of high-end products, which has positively impacted gross margins [12][15] - There is a strong emphasis on the development of small-sized inductors, resistors, and capacitors, with plans to adjust production structures to meet emerging market demands [14][15] Inventory and Demand - Both distributor and company inventories are maintained at healthy levels of 1 to 2 months, indicating strong demand trends for the fourth quarter [8][9] - The company anticipates continued growth in demand from sectors such as AI computing and new energy vehicles [8][9] Strategic Initiatives - Fenghua High-Tech has undertaken significant internal reforms, including optimizing personnel structures and implementing market-oriented incentive mechanisms to enhance employee motivation [13][12] - The company is actively pursuing domestic supply chain improvements and aims to increase the localization of materials and equipment [17][20][25] Future Outlook - The company is optimistic about future growth, particularly in new markets and through cost reduction initiatives. It is preparing for potential market recovery and technological advancements [26][28] - The management believes that even in challenging market conditions, the company has maintained profitability and is well-positioned for future growth due to high industry barriers and technological requirements [26][28] Additional Important Insights - The impact of government policies, such as home appliance subsidies, has been significant in driving sales growth, particularly in the fourth quarter [6] - The company is focusing on enhancing its competitive edge through continuous improvements in operational efficiency and product quality [22][28] This summary encapsulates the key insights from the conference call regarding Fenghua High-Tech's performance, market dynamics, operational strategies, and future outlook.

Investment Rating - The report assigns a "Buy" rating for the company, indicating a positive outlook for its stock performance relative to the market [6][16]. Core Insights - The company is expected to achieve a net profit of 305-365 million yuan in 2024, representing a year-on-year increase of 75.81-110.40%, with a non-recurring net profit forecast of 315-375 million yuan, reflecting a growth of 109.37-149.35% [1][2]. Summary by Sections Company Overview - The company, Fenghua High-Tech (000636), is a leading domestic passive component manufacturer, aiming to become a leader in high-end electronic components. Established in 1984 and listed in 1996, it offers a wide range of products including MLCCs, resistors, inductors, and various electronic materials, serving industries such as automotive electronics, industrial automation, consumer electronics, and more [12]. Performance Forecast - The company is projected to achieve revenues of 4.876 billion yuan in 2024, 5.959 billion yuan in 2025, and 6.727 billion yuan in 2026, with year-on-year growth rates of 15.5%, 22.2%, and 12.9% respectively. The net profit is expected to be 335 million yuan in 2024, 542 million yuan in 2025, and 694 million yuan in 2026, with growth rates of 93.0%, 61.9%, and 28.0% respectively [4][9][15]. Revenue Drivers - The significant revenue growth is attributed to improved market demand and the company's ongoing efforts in market expansion, leading to a stable increase in product sales. The company has also implemented cost control measures through project management, resulting in reduced operational costs [2][3]. Technological Advancements - The company has increased its R&D investments, establishing several high-end platforms for materials and product development. It has successfully addressed key material challenges and achieved breakthroughs in high-end product technologies, enhancing its competitive edge in the market [3][4]. Valuation Metrics - As of January 23, 2025, the company's stock price was 14.35 yuan, with corresponding price-to-earnings (PE) ratios of 49.59x for 2024, 30.63x for 2025, and 23.92x for 2026. The report highlights a favorable valuation compared to peer companies [4][15][16].

Financial Performance - The company expects a net profit attributable to shareholders of 305 million yuan, an increase of 75.81% to 110.40% compared to the previous year[3]. - The net profit after deducting non-recurring gains and losses is projected to be 315 million yuan, reflecting a year-on-year increase of 109.37% to 149.25%[3]. - Basic earnings per share are anticipated to be between 0.27 yuan and 0.32 yuan, compared to 0.15 yuan per share in the previous year[3]. - The earnings forecast is based on preliminary estimates and has not been audited by an accounting firm[4]. - The company emphasizes the importance of monitoring investment risks related to the preliminary earnings forecast[6]. - The official financial data will be disclosed in the company's 2024 annual report[6]. Operational Strategy - The company has experienced steady growth in sales volume and revenue due to improved market demand and expanded customer resources[5]. - The company has implemented a project management approach to enhance cost efficiency and innovation, leading to significant improvements in operational efficiency[6]. - The company is focusing on deepening reforms and optimizing its medium to long-term development strategy[5]. - The company has strengthened its core capabilities and is actively exploring emerging markets and digital transformation initiatives[6].