人民财讯3月20日电，英洛华3月19日在机构调研时表示，人形机器人作为未来发展的趋势，公司持续关 注机器人相关市场、技术发展、政策趋势，综合考虑市场及业务需求做好相关技术预研，以及人才和产 品储备、业务布局等。 ...

Group 1: Magnetic Materials Business - The company has a magnetic material production capacity of approximately 13,000 tons, with a capacity utilization rate of about 70% [1] - The main applications of magnetic materials are in the automotive sector, high-end audio, and energy-efficient home appliances [1] - Future capacity planning will focus on equipment upgrades and production line modifications, with a smooth price transmission to downstream customers, albeit with some lag [1] Group 2: Electromechanical Business - The company offers a comprehensive range of electromechanical products, including DC, AC, brushless, servo, and push rod motors, as well as reducers and drive controls [2] - Current applications for the electromechanical sector include health mobility, smart home appliances, garden machinery, and security systems [2] - The company plans to focus on major clients and explore new markets aligned with national policies and consumer trends [2] Group 3: Health Equipment Business - The health equipment product line primarily includes electric wheelchairs and mobility scooters, targeting the mid-to-high-end market [3] - In 2024, the company upgraded its brand image and primarily sells through online channels in China, with overseas business accounting for about 70-80% [3] - Future plans involve deepening product and market development, applying new materials and technologies, and expanding product categories related to health and wellness [3] Group 4: Electronic Acoustics Business - The electronic acoustics division focuses on speakers, terminal audio systems, and headphones, with plans to expand into high-end automotive audio [4] - The company aims to diversify its product range in the consumer electronics sector and enhance customized product development [4] Group 5: Strategic Focus and Development - The company adheres to a strategy of refining electromechanical products, strengthening magnetic materials, and optimizing downstream applications [5] - There is a commitment to synergistic development across various business lines, leveraging resources for mutual benefit [5] Group 6: Future Developments - The company is monitoring the humanoid robot market and is preparing for related technology and talent development [6] - The Vietnam base is currently undergoing infrastructure renovation to serve as a production site for electromechanical and health equipment products [6]

Investment Rating - The investment rating for the company is "Outperform the Market" [3] Core Views - The report highlights the improvement in profitability and the expansion into electronic acoustics and humanoid robotics sectors [7][8] - The company is expected to benefit from cost reduction and efficiency enhancement measures, alongside a growing market for its products [7] Financial Performance and Forecast - Revenue for 2023 is projected at 4,036 million yuan, with a year-on-year decrease of 14.7%. For 2024, revenue is expected to be 4,009 million yuan, a slight decrease of 0.7%, followed by a recovery to 4,605 million yuan in 2025, representing a growth of 14.9% [6][11] - Net profit is forecasted to be 90 million yuan in 2023, increasing significantly to 248 million yuan in 2024, a year-on-year growth of 176.5%, and further rising to 308 million yuan in 2025 [6][11] - The gross margin is expected to improve from 17.8% in 2023 to 20.9% in 2025, reflecting enhanced operational efficiency [6][11] Product Segment Analysis - The report details revenue performance by product segment, with notable growth in the electric wheelchair and audio speaker categories, while the neodymium iron boron segment shows a decline [7][8] - The company’s neodymium iron boron production is estimated at 6,279.80 tons for 2024, giving it a market share of approximately 2.24% [7] Market Opportunities - The global market for neodymium iron boron magnets is projected to grow from 7.93 billion USD in 2023 to 12.95 billion USD by 2032, with a CAGR of 5.6% [7] - The electric wheelchair market is expected to grow significantly, with forecasts indicating a rise from 3.4 billion USD in 2023 to 9.1 billion USD by 2033, reflecting a CAGR of 10.3% [7] - The humanoid robotics market is anticipated to expand rapidly, with projections for the harmonic reducer and linear actuator markets to grow significantly by 2030 [7] Valuation and Price Target - The estimated net profit for 2025 and 2026 is projected at 308 million yuan and 362 million yuan, respectively, with corresponding EPS of 0.27 yuan and 0.32 yuan [7][11] - The report suggests a valuation range of 10.80 to 12.15 yuan per share based on a PE ratio of 40-45x for 2025 [7][10]

Core Viewpoint - The company Inlohua (000795) has a comprehensive range of motor products, including DC, AC, brushless, servo, and push rod motors, as well as reducers and drive controls, enabling it to provide complete power system solutions to customers [1] Group 1: Product Offerings - The motor segment's downstream applications primarily include health travel, smart home appliances, garden agricultural machinery, and security systems [1] - The company currently has a low production volume of harmonic reducers, which are mainly used in industrial robots, and plans to expand its product line and gradually increase production capacity to explore other application scenarios [1]

Group 1: Company Overview - The company operates in four main business segments: magnetic materials, electric motors, health equipment, and electronic acoustics, with each segment managed by independent subsidiaries [1] - In 2024, the company achieved a revenue of CNY 4.009 billion, with a net profit of CNY 248 million [1] - Revenue breakdown: magnetic materials accounted for CNY 2.116 billion (over 50%), electric motors CNY 899 million (over 20%), health equipment CNY 599 million (nearly 15%), and electronic acoustics CNY 210 million (over 5%) [1] Group 2: Magnetic Materials Business - The company has two production bases for magnetic materials, with a total capacity of approximately 13,000 tons and a sales volume of over 6,200 tons in 2024, resulting in a capacity utilization rate of about 70% [2] - Key application areas for magnetic materials include smart home appliances (20% market share), automotive (25%), and high-end audio [2] - The company is focusing on cost reduction and efficiency improvement through procurement control, technology enhancement, formula optimization, and lean production [2] Group 3: Electric Motors and Related Products - The electric motor product line includes DC, AC, brushless, servo, and push rod motors, as well as reducers and drive controls, catering to various sectors such as health mobility, smart home appliances, and security systems [3] - The company plans to expand its production of harmonic reducers, currently used in industrial robots, to diversify applications [3] Group 4: Health Equipment Business - The health equipment segment primarily offers electric wheelchairs and mobility scooters, focusing on mid-to-high-end markets, with around 70-80% of sales coming from overseas [4] - Future plans include the application of new materials and technologies, as well as the development of new styles and functions [4] Group 5: Future Developments and Strategic Planning - The company is monitoring trends in humanoid robotics and is preparing for potential market and technology developments [4] - The Vietnam base is currently under construction, aimed at producing electric motors and health equipment [4] - The company emphasizes reasonable returns to investors and may consider capital operations based on market conditions [4]

英洛华科技股份有限公司 2024年度内部控制评价报告 英洛华科技股份有限公司全体股东： 根据《企业内部控制基本规范》及其配套指引的规定和其他内部控制监管 要求（以下简称"企业内部控制规范体系"），结合英洛华科技股份有限公司 （以下简称"公司"）内部控制制度和评价办法，在内部控制日常监督和专项监 督的基础上，我们对公司2024年12月31日（内部控制评价报告基准日）的内部 控制有效性进行了评价。 一、重要声明 按照企业内部控制规范体系的规定，建立健全和有效实施内部控制，评价其 有效性，并如实披露内部控制评价报告是公司董事会的责任。监事会对董事会建 立和实施内部控制进行监督。经理层负责组织领导企业内部控制的日常运行。公 司董事会、监事会及董事、监事、高级管理人员保证本报告内容不存在任何虚假 记载、误导性陈述或重大遗漏，并对报告内容的真实性、准确性和完整性承担个 别及连带法律责任。 公司内部控制的目标是合理保证经营管理合法合规、资产安全、财务报告及 相关信息真实完整，提高经营效率和效果，促进实现发展战略。由于内部控制存 在的固有局限性，故仅能为实现上述目标提供合理保证。此外，由于情况的变化 可能导致内部控制变得不恰 ...

关于 2025 年度日常关联交易预计的公告 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。 一、日常关联交易基本情况 （一）日常关联交易概述 为满足英洛华科技股份有限公司（以下简称"公司"）日常生产经营及业务 发展需要，2025年度公司及下属公司预计将与控股股东横店集团控股有限公司 （以下简称"横店控股"）下属公司或实际控制人能施加影响的其他企业（以下 简称"关联方"）发生日常关联交易总金额27,166万元，主要为向关联人采购原 材料和产品、提供劳务、销售商品、接受劳务和租赁等。 公司于2025年3月6日召开第十届董事会第六次会议、第十届监事会第四次会 议，审议通过了《公司关于2025年度日常关联交易预计的议案》，关联董事、关 联监事已回避表决。本议案尚需提交公司2024年度股东大会审议，届时关联股东 将回避表决。 （二）预计日常关联交易类别和金额 证券代码：000795 证券简称：英洛华 公告编号：2025-021 英洛华科技股份有限公司 根据 2024 年度公司及下属公司与关联方日常关联交易情况，并结合 2025 年度经营预判，2025 年度公司拟与关联方 ...

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。 重要内容提示： 1、投资种类：银行、证券公司、信托公司等机构发行的安全性较高、流动 性较好的理财产品。 2、投资金额：不超过人民币 50,000 万元闲置自有资金，投资期限自英洛华科 技股份有限公司（以下简称"公司"）2024 年度股东大会审议通过之日起 12 个月内。 证券代码：000795 证券简称：英洛华 公告编号：2025-022 英洛华科技股份有限公司 关于使用闲置自有资金进行委托理财的公告 3、特别风险提示：金融市场受宏观经济影响较大，理财投资收益存在一定 不可预期性，敬请广大投资者注意投资风险。 一、投资情况概述 1、投资目的：在不影响公司主营业务发展及确保资金安全的前提下，合理 利用闲置资金，进一步提高闲置资金的使用效率，增加公司资金收益。 2、投资额度：公司拟使用额度不超过人民币 50,000 万元自有资金进行委托 理财。在上述额度内，资金可滚动使用。期限内任一时点的投资金额不超过人民 币 50,000 万元。 3、投资方式：公司拟通过银行、证券公司、信托公司等机构进行风险可控 的委托理财，购买 ...

英洛华可持续发展报告 创新成就未来 Innovation Leads the Future 目录 Contents 前篇 | 关于本报告 | 1 | | --- | --- | | 董事长致辞 | 3 | | 公司概况 | 5 | | ESG管理 | 7 | 01 诚信永续治理 | 公司治理 | 12 | | --- | --- | | 合规与风险管理 | 16 | | 商业道德 | 18 | | 信息安全与隐私保护 | 20 | 04 坚持绿色经营 | 环境合规 | 65 | | --- | --- | | 排放与废弃物管理 | 68 | | 能源管理 | 72 | | 水资源管理 | 74 | | 材料管理 | 75 | | 应对气候变化 | 76 | 02 Sustainability Report 2024 可持续发展报告 03 包容伙伴同行 | 员工权益与福利 | 46 | | --- | --- | | 多元化与平等包容 | 53 | | 员工发展与培训 | 54 | | 职业健康与安全 | 58 | 附录 | ESG关键绩效表 | 87 | | --- | --- | | 深交所可持续发展报告指 ...

证券代码：000795 证券简称：英洛华 公告编号：2025-025 英洛华科技股份有限公司 关于会计政策变更的公告 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。 特别提示： 本次会计政策变更是根据中华人民共和国财政部（以下简称"财政部"）于 2024 年 12 月发布《企业会计准则解释第 18 号》（财会〔2024〕24 号，（以下 简称"《准则解释第 18 号》"）的要求变更会计政策。本次会计政策变更无需 提交英洛华科技股份有限公司（以下简称"公司"）董事会和股东大会审议，不 会对公司当期的财务状况、经营成果和现金流量产生重大影响。现将具体情况公 告如下： 一、本次会计政策变更概述 2024 年 12 月，财政部发布《准则解释第 18 号》，"关于不属于单项履约 义务的保证类质量保证的会计处理"的内容规定，对不属于单项履约义务的保证 类质量保证产生的预计负债进行会计核算时，应当按确定的预计负债金额计入 "主营业务成本"和"其他业务成本"等科目。该解释规定自印发之日起施行， 允许企业自发布年度提前执行。 （四）本次会计政策变更日期 根据以上相关文件规定，自 ...