证券代码：000682 证券简称：东方电子 东方电子股份有限公司投资者关系活动记录表 2025 年一季度，公司实现营业收入 14.05 亿元，同比增长 10.04%；归母净利润 1.2 亿元，同比增长 19.22%；扣非后归母净利 润 1.14 亿元，同比增长 18.89%。持续保持稳定增长的发展态势。 二、就参会人员关心的问题进行了交流。交流的主要内容如下： 1、2024 年，公司输变电自动化业务增速较快，主要是哪些产 品在贡献增长？ 答：2023 年以来，公司在集控站、自主可控保护监控、智能巡 视等业务领域中标额较多，带动了公司保护类产品、监控类产品和 在线监测产品收入的快速增长，从而引发公司输变电业务板块的整 体快速提升。 编号：【2025】第 001 号 | 投资者 | 特定对象调研 ☑分析师会议 □媒体采访 | | | --- | --- | --- | | 关系活动类别 | □业绩说明会 □新闻发布会 □路演活动 | | | | □现场参观 □其他 （请文字说明其他活动内容） | | | 参与单位 | 方正证券、财通证券、国泰海通证券、国信证券、民生证券、西部 | | | | 证券、长江证券、华 ...

业绩 公司发布2024 年年度报告，2024 年实现营收75.45 亿元，同比增长16.47%；归母净利润6.84 亿元，同 比增长26.34%；扣非归母净利6.48 亿元，同比增长37.69%。毛利率为33.71%，同比提升0.01Pct。 2024Q4，实现营收29.14 亿元，同比增长22.52%；归母净利润2.63 亿元，同比增长33.50%；扣非归母净 利2.60 亿元，同比增长79.01%。 毛利率为35.18%，同比提升0.19Pct。 传统业务稳健发展，新兴业务多点开花 海外业务稳步拓展，本地化策略初见成效 沙特市场本地化生产线投运，签订合同近1.7 亿元。 中标尼加拉瓜国调中心项目，实现又一个海外国家 级主站项目突破。 环网柜产品成功进入比利时市场。 乌兹别克斯坦本地化项目取得进展，签订合同 5000万元。 威思顿中标马尔代夫AMI 智能计量系统总包项目，合同额过1亿元；中标马尔代夫光伏微电 网项目，合同额2853 万元。 （1）智能配用电业务，营收43.24 亿元，同比增长17.06%，毛利率32.57%，同比提升0.35Pct。威思顿 智能电表业务在国网、南网集招中标额分别达7.75 亿 ...

证券代码：000682 证券简称：东方电子 公告编号：2025-15 东方电子股份有限公司 （公司 2024 年度业绩说明会二维码） 沟通发现价值，真诚欢迎广大投资者参加公司 2024 年度网上业绩说明会！ 东方电子股份有限公司 关于举行 2024 年度网上业绩说明会通知的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记 载、误导性陈述或重大遗漏。 东方电子股份有限公司（以下简称"公司"）于 2025 年 4 月 23 日披露 2024 年 年度报告及摘要。为了促进投资者更好地了解公司的经营状况，公司计划于 2025 年 5 月 7 日（星期三）下午 15:00-16:00 以网络方式在深交所互动易云访谈平台举行公 司 2024 年度业绩说明会。届时投资者可登录互动易云访谈（http://irm.cninfo.co m.cn）或扫描下方二维码参与本次年度业绩说明会。 公司出席本次业绩说明会的人员有：董事长方正基先生、董事总经理吴晓亮先 生、总会计师兼董秘邓发先生、独立董事史卫进先生。 为了提升业绩说明会沟通的效率，现向社会各界投资者公开征集您关心的问 题。投资者可于 2025 年 5 ...

证券代码：000682 证券简称：东方电子 公告编号：2025-14 东方电子股份有限公司 第十一届监事会第六次会议决议公告 本公司及监事会全体成员保证信息披露的内容真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 一、会议召开情况 东方电子股份有限公司（以下简称"公司"）第十一届监事会第六次会议 于 2025 年 4 月 28 日以通讯表决方式召开，会议通知于 2025 年 4 月 24 日以电 子邮件的方式通知全体监事；会议应出席的监事 3 人，实际出席的监事 3 人， 本次会议由监事会主席陈勇先生召集和主持。会议的召开符合《公司法》和 《公司章程》的有关规定。 二、会议议案的审议情况 1、审议通过了《关于公司 2025 年第一季度报告的议案》 经审核，监事会认为董事会编制和审议东方电子股份有限公司 2025 年第一 季度报告的程序符合法律、行政法规及中国证监会的规定，报告内容真实、准 确、完整地反映了公司的实际情况，不存在任何虚假记载、误导性陈述或者重 大遗漏。 《公司 2025 年第一季度报告》同日刊登在《中国证券报》《证券时报》及 巨潮资讯网（www.cninfo.com.cn）。 表决结果 ...

一、会议召开情况 东方电子股份有限公司（以下简称"公司"）第十一届董事会第十次会议 于 2025 年 4 月 28 日以通讯表决方式召开，会议通知于 2025 年 4 月 24 日以电子 邮件的方式通知全体董事。本次会议是临时会议，应参加会议的董事 9 人，实际 参加会议的董事 9 人，会议由董事会召集，董事长方正基先生主持，公司监事、 高级管理人员列席了会议。 会议通知及召开程序符合《公司法》《公司章程》等有关规定，会议决议 合法有效。 二、会议议案的审议情况 1、审议并通过了《关于公司 2025 年第一季度报告的议案》 《公司 2025 年第一季度报告》同日刊登在《中国证券报》《证券时报》及 巨潮资讯网（www.cninfo.com.cn）。 证券代码：000682 证券简称：东方电子 公告编号：2025-13 东方电子股份有限公司 第十一届董事会第十次会议决议公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 2、经审计委员会委员签字并盖章的审计委员会决议。 东方电子股份有限公司 董事会 2025 年 4 月 28 日 1 表决结果：表决通过。其中，同 ...

| 报告期指标 | 2025年一季报 | 2024年一季报 | 本年比上年增减(%) | 2023年一季报 | | --- | --- | --- | --- | --- | | 基本每股收益（元） | 0.0902 | 0.0756 | 19.31 | 0.0573 | | 每股净资产（元） | 3.9 | 3.49 | 11.75 | 3.15 | | 每股公积金(元) | 0.86 | 0.86 | 0 | 0.86 | | 每股未分配利润(元) | 1.95 | 1.56 | 25 | 1.24 | | 每股经营现金流(元) | - | - | - | - | | 营业收入(亿元) | 14.06 | 12.78 | 10.02 | 11.5 | | 净利润(亿元) | 1.21 | 1.01 | 19.8 | 0.77 | | 净资产收益率(%) | 2.34 | 2.19 | 6.85 | 1.83 | 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 一、主要会计数据和财务指标 | 名称 | 持有数量(万股) | 占总股本 | 增减情 况(万 | | --- | --- | ...

Financial Performance - The company's operating revenue for Q1 2025 was ¥1,405,755,105.03, representing a 10.04% increase compared to ¥1,277,506,859.47 in the same period last year[4] - Net profit attributable to shareholders was ¥120,901,962.86, up 19.22% from ¥101,407,763.96 year-on-year[4] - Basic and diluted earnings per share increased by 19.31% to ¥0.0902, compared to ¥0.0756 in the same period last year[4] - Total operating revenue for the current period reached RMB 1,405,755,105.03, an increase of 10% compared to RMB 1,277,506,859.47 in the previous period[18] - Net profit attributable to the parent company was 120,901,962.86 CNY, up from 101,407,763.96 CNY, representing a year-over-year increase of about 19.2%[20] - The total comprehensive income for the current period was 100,497,575.05 CNY, compared to 89,104,623.94 CNY in the prior period, indicating an increase of about 12.5%[20] Cash Flow and Investments - The net cash flow from operating activities decreased by 132.87% to -¥318,900,485.66, compared to -¥136,945,462.05 in the previous year[4] - The net cash flow from operating activities was -318,900,485.66 CNY, worsening from -136,945,462.05 CNY in the previous period[23] - The company reported a net cash outflow from investing activities of -143,518,305.00 CNY, compared to -31,305,524.11 CNY in the previous period[23] - The net cash flow from financing activities was -101,511,705.23 CNY, slightly worsening from -93,533,992.01 CNY in the prior period[23] - The company experienced a foreign exchange impact of -56,290.27 CNY on cash and cash equivalents[23] Assets and Liabilities - Total assets at the end of the reporting period were ¥12,318,274,803.44, a decrease of 2.47% from ¥12,629,803,106.77 at the end of the previous year[4] - Current cash and cash equivalents decreased to RMB 3,552,476,520.76 from RMB 4,120,516,405.45, reflecting a decline of approximately 14%[14] - Inventory increased to RMB 4,160,954,769.15, up from RMB 3,824,736,041.11, indicating a growth of about 8.8%[15] - Total liabilities decreased to RMB 6,610,782,655.84 from RMB 7,022,808,534.22, reflecting a decline of about 5.9%[16] - The company's equity attributable to shareholders increased to RMB 5,234,596,581.61 from RMB 5,114,224,829.31, marking an increase of approximately 2.3%[16] - The company’s accounts receivable decreased to RMB 1,240,130,339.30 from RMB 1,542,839,605.90, a reduction of approximately 19.6%[15] - The company’s total non-current assets slightly decreased to RMB 1,911,876,976.83 from RMB 1,930,469,650.97, a decline of about 1%[16] Costs and Expenses - Total operating costs rose to 1,309,982,623.46 CNY from 1,195,443,020.48 CNY, an increase of about 9.5%[22] - Research and development expenses increased to 132,710,002.03 CNY from 120,381,762.89 CNY, marking a rise of approximately 10.5%[22] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 83,752[10] - The balance of trading financial assets increased by ¥120,000,000.00, a growth of 342.86%, mainly due to increased purchases of bank wealth management products[7] - Short-term borrowings decreased by 37.91% to ¥99,318,509.00, primarily due to repayment of maturing loans[7] - The company reported a decrease in short-term borrowings to RMB 162,696,491.00 from RMB 262,015,000.00, a decline of about 37.9%[16] - The company's weighted average return on equity increased by 0.15 percentage points to 2.34%[4] - The company plans to invest a total of RMB 850 million in establishing a new industrial park on 165 acres through its wholly-owned subsidiary[12]

Investment Rating - The investment rating for the company is "Buy" (maintained) [1] Core Views - The company has demonstrated steady growth in performance, with revenue reaching 7.545 billion yuan in 2024, a year-on-year increase of 16.47%, and a net profit attributable to shareholders of 684 million yuan, up 26.34% [4][5] - Emerging businesses are making multiple breakthroughs, contributing to overall growth [5][6] - The company is expanding its overseas business with localized strategies showing initial success, including contracts in Saudi Arabia and Nicaragua [7] Financial Performance Summary - In 2024, the company achieved a revenue of 75.45 billion yuan, with a gross profit margin of 33.71%, which improved by 0.01 percentage points year-on-year [4][5] - The fourth quarter of 2024 saw revenue of 29.14 billion yuan, a 22.52% increase year-on-year, and a net profit of 263 million yuan, up 33.50% [4] - The company expects revenues of 89.21 billion yuan, 106.13 billion yuan, and 126.14 billion yuan for 2025, 2026, and 2027 respectively, with corresponding net profits of 8.52 billion yuan, 10.23 billion yuan, and 12.25 billion yuan [8][11] Business Segment Performance - Smart distribution and electricity usage business generated 4.324 billion yuan in revenue, a 17.06% increase, with a gross margin of 32.57% [5] - Dispatching and cloud services business revenue was 1.290 billion yuan, up 17.11%, with a gross margin of 37.70% [5] - The automation business for power transmission and transformation saw revenue of 857 million yuan, a 37.50% increase, with a gross margin of 38.35% [5] - Comprehensive energy and virtual power plant business generated 220 million yuan, a 12.43% increase, with a gross margin of 32.79% [5] - New energy and energy storage business revenue was 296 million yuan, a decrease of 13.90%, but with a gross margin of 25.66% [5] - Industrial internet and smart manufacturing business achieved revenue of 448 million yuan, a 12.38% increase, with a gross margin of 22.68% [6] Overseas Expansion - The company has successfully launched a localized production line in Saudi Arabia with contracts nearing 170 million yuan [7] - It has also made progress in Uzbekistan and entered the Belgian market with its ring network cabinet products [7]

Investment Rating - The investment rating for the company is "Buy" (maintained) [1] Core Views - The company has demonstrated steady growth in performance, with revenue reaching 7.545 billion yuan in 2024, a year-on-year increase of 16.47%. The net profit attributable to shareholders was 684 million yuan, up 26.34% year-on-year, and the non-recurring net profit was 648 million yuan, reflecting a 37.69% increase [4][5] - The company has made significant breakthroughs in emerging businesses, with multiple segments showing growth, including smart distribution and utilization, scheduling and cloud services, and automation in transmission and transformation [5][6][7] Financial Performance Summary - In 2024, the company achieved a revenue of 75.45 billion yuan, with a gross margin of 33.71%, which improved by 0.01 percentage points year-on-year. The fourth quarter of 2024 saw a revenue of 29.14 billion yuan, a 22.52% increase year-on-year, and a net profit of 263 million yuan, up 33.50% year-on-year [4][5] - The company expects revenues of 89.21 billion yuan, 106.13 billion yuan, and 126.14 billion yuan for 2025, 2026, and 2027 respectively, with corresponding net profits of 852 million yuan, 1.023 billion yuan, and 1.225 billion yuan [8][11] Business Segment Performance - Smart distribution and utilization business generated 4.324 billion yuan in revenue, a 17.06% increase year-on-year, with a gross margin of 32.57% [5] - Scheduling and cloud services achieved 1.290 billion yuan in revenue, up 17.11% year-on-year, with a gross margin of 37.70% [5] - Automation in transmission and transformation business saw revenue of 857 million yuan, a 37.50% increase year-on-year, with a gross margin of 38.35% [5] - Comprehensive energy and virtual power plant business generated 220 million yuan, a 12.43% increase year-on-year, with a gross margin of 32.79% [5] - New energy and storage business reported 296 million yuan in revenue, a 13.90% decrease year-on-year, but with a gross margin improvement to 25.66% [5] Overseas Business Development - The company has made progress in overseas markets, including a local production line in Saudi Arabia with contracts nearing 170 million yuan and successful bids for projects in Nicaragua and Uzbekistan [7]

Investment Rating - The report maintains a "Buy" rating for the company, indicating a projected investment return exceeding the market benchmark by more than 15% over the next 6-12 months [4]. Core Insights - The company achieved a revenue of 7.545 billion yuan in 2024, representing a year-on-year growth of 16.47%, and a net profit attributable to shareholders of 684 million yuan, up 26.34% year-on-year [1][5]. - In Q4 2024, the company recorded a revenue of 2.914 billion yuan, a 22.52% increase year-on-year, with a net profit of 263 million yuan, marking a 33.49% year-on-year growth and a 55.96% quarter-on-quarter increase [1][2]. - The company’s major business segments, including scheduling and cloud-based services, power transmission and transformation automation, smart distribution, and comprehensive energy, all showed steady growth, with significant contributions from subsidiaries [2][3]. Summary by Sections Financial Performance - In 2024, the company’s revenue from major business segments was as follows: 1.290 billion yuan from scheduling, 857 million yuan from power transmission automation, 4.324 billion yuan from smart distribution, and 220 million yuan from comprehensive energy and virtual power plant services, with respective year-on-year growth rates of 17.11%, 37.50%, 17.06%, and 12.43% [2]. - The company’s total revenue is projected to grow to 8.744 billion yuan in 2025, with a net profit of 888 million yuan, reflecting a growth rate of 29.77% [5]. Business Development - The company secured new contracts exceeding 10 billion yuan in 2024, with notable achievements in software projects and significant overseas market expansions, including contracts in Saudi Arabia and the Maldives [3]. - R&D investment increased by 13.62% to 634 million yuan, with advancements in AI applications and the launch of the digital virtual power plant in Yantai [3]. Valuation Metrics - The current stock price corresponds to a P/E ratio of 15 for 2025, with projected earnings per share (EPS) of 0.66 yuan in 2025 [4][5]. - The company’s return on equity (ROE) is expected to rise to 14.94% by 2025, indicating improving profitability [12].