Core Viewpoint - The company has announced its 2024 annual profit distribution plan, which includes a cash dividend and a capital reserve increase in share capital, approved by the shareholders' meeting on May 8, 2025 [1][2]. Group 1: Profit Distribution and Capital Increase - The profit distribution plan is based on a total share capital of 238,853,334 shares, with a cash dividend of 6.70 RMB per 10 shares (before tax), totaling approximately 160.03 million RMB in cash dividends [1][2]. - The company will also increase its share capital by 3 shares for every 10 shares held, resulting in an estimated total increase of 71,656,000 shares, bringing the total share capital to approximately 310,509,334 shares post-distribution [1][2][3]. Group 2: Taxation and Dividend Distribution - The cash dividend will be subject to different tax rates based on the type of shareholder, with specific provisions for Hong Kong investors and domestic investors holding different types of shares [2][3]. - The company will not withhold individual income tax at the time of distribution; instead, it will be calculated based on the holding period when the shares are sold [2][3]. Group 3: Key Dates and Shareholder Eligibility - The record date for the distribution is set for June 9, 2025, and the ex-dividend date is June 10, 2025 [3][4]. - Eligible shareholders are those registered with the China Securities Depository and Clearing Corporation Limited, Shenzhen Branch, as of the record date [3][4]. Group 4: Share Capital Structure Changes - The share capital structure before the increase consists of 238,853,334 shares, which will increase to 310,509,334 shares after the capital reserve transfer [5][6]. - The distribution will also involve adjustments for fractional shares, which will be allocated based on a sorting system [3][4].

证券代码：001311 证券简称：多利科技 公告编号：2025-028 滁州多利汽车科技股份有限公司 2024 年年度权益分派实施公告 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。 滁州多利汽车科技股份有限公司（简称"公司"）2024 年年度权益分派方案已 获 2025 年 5 月 8 日召开的 2024 年年度股东大会审议通过，现将权益分派事宜公告 如下： 一、股东大会审议通过利润分配及资本公积转增股本方案情况 若公司董事会、股东大会审议通过利润分配方案后到方案实施前公司的股本发 生变动的，则以实施分配方案时股权登记日的总股本为基数，公司将按照"现金分 红总额、转增总额固定不变"的原则对分配比例进行调整。 2、本次利润分配及资本公积转增股本方案自披露至实施期间，公司股本总额未 发生变化。 3、本次实施的利润分配及资本公积转增股本方案与 2024 年年度股东大会审议 通过的分配方案及其调整原则一致。 4、本次实施分配方案距离 2024 年年度股东大会审议通过的时间未超过两个月。 二、本次实施的利润分配及资本公积金转增股本方案 公司 2024 年年度权益分派方 ...

Group 1: Macro Insights - The first round of China-US trade talks has made substantial progress, exceeding market expectations, which will inject more certainty and stability into the global economy, further highlighting the irreplaceability of Chinese manufacturing and enhancing the investment value of Chinese assets [3] - The latest comprehensive tariff rate imposed by the US on China has decreased to 42.5%, which is expected to reduce China's exports by 4.0-5.2 percentage points and GDP by 0.5-0.7 percentage points, indicating significant downward pressure on China's economy [3] - The report emphasizes the importance of monitoring three key areas regarding China-US negotiations: potential fluctuations in tariffs, the main topics of negotiation, and the progress of negotiations between the US and other countries that may involve China [3] Group 2: Convertible Bonds - The report indicates that balanced convertible bonds have a high risk premium and are suitable for long-term allocation, while timing strategies have not significantly improved performance [4] - Conversely, equity-linked convertible bonds have a low risk premium but high timing value, with strategies based on valuation improving risk-adjusted returns [4] Group 3: Communication Industry - The company focuses on the optical communication industry, with its main business covering optical chips and devices, benefiting from the rapid development of AI and increasing demand from data centers [5] - The projected net profits for the company are estimated at 382 million, 539 million, and 713 million yuan for 2025, 2026, and 2027, respectively, with corresponding PE ratios of 35, 25, and 19 [5] Group 4: Electronics Industry - The company is a leader in video codec technology and is expanding into new fields such as automotive electronics and edge AI, with a comprehensive product plan for AI SoC series [6] - Expected revenues for the company are projected to be 2.49 billion, 3.07 billion, and 3.63 billion yuan for 2025, 2026, and 2027, with net profits of 140 million, 230 million, and 310 million yuan, respectively [6] Group 5: Automotive Industry - The company reported a revenue of 3.6 billion yuan in 2024, a decrease of 8% year-on-year, while Q1 2025 revenue increased by 12% year-on-year, driven by growth in domestic new energy vehicle sales [8] - The company has maintained a competitive edge through continuous investment in technology and R&D, enhancing its production capabilities and expanding its product offerings [9][10]

Investment Rating - The report maintains a "Buy" rating for the company [3][5]. Core Views - The company's performance in 2024 met expectations, with revenue of 3.6 billion and a net profit of 430 million, reflecting a year-on-year decrease of 8% and 14% respectively. In Q1 2025, revenue increased by 12% year-on-year to 870 million, while net profit decreased by 17% [1]. - The growth in revenue for Q1 2025 was driven by increased demand from major clients such as Tesla, Li Auto, NIO, and BYD, despite a decline in Tesla's global production [1]. - The company is focusing on enhancing its technological and research capabilities, particularly in mold development and stamping welding technology, which are crucial for maintaining its competitive edge in the automotive parts industry [2]. - The company is expanding its business layout by venturing into integrated die-casting, hot forming, and composite materials, with expectations for large-scale production to begin in the second half of 2025 [2]. Financial Summary - The company forecasts net profits of 500 million, 580 million, and 670 million for 2025, 2026, and 2027 respectively, with corresponding P/E ratios of 14, 12, and 10 times [3]. - Revenue is projected to grow from 4.1 billion in 2025 to 5.5 billion in 2027, with year-on-year growth rates of 15% and 16% [4]. - The latest diluted EPS is expected to be 2.09, 2.42, and 2.80 for 2025, 2026, and 2027 respectively [4].

Investment Rating - The report maintains a "Buy" rating for the company [3][5]. Core Views - The company's performance in 2024 met expectations, with a revenue of 3.6 billion and a net profit of 430 million, reflecting a year-on-year decrease of 8% and 14% respectively. In Q1 2025, revenue increased by 12% year-on-year to 870 million, while net profit decreased by 17% [1]. - The growth in revenue for Q1 2025 was driven by increased demand from major clients such as Tesla, Li Auto, NIO, and BYD, as domestic new energy vehicle sales rose by 47% year-on-year [1]. - The company is focusing on enhancing its technological and research capabilities, particularly in mold development and stamping welding technology, which are crucial for maintaining its competitive edge in the automotive parts industry [2]. - The company is expanding its business layout by venturing into integrated die-casting, hot forming, and composite materials, with expectations for large-scale production of integrated die-casting by the second half of 2025 [2]. Financial Summary - The company reported a revenue of 3.6 billion in 2024, with a projected revenue of 4.1 billion in 2025, reflecting a growth rate of 15% year-on-year. The net profit is expected to recover to 498 million in 2025, with a growth rate of 17.3% [4]. - The earnings per share (EPS) for 2025 is projected to be 2.09, with a price-to-earnings (P/E) ratio of 13.5 [4]. - The company’s gross margin for Q1 2025 was 20.9%, an increase of 2.2 percentage points from the previous quarter, indicating improved profitability [1].

24SH7200159/ZYZ/kw/cm/D9 上海市通力律师事务所 关于滁州多利汽车科技股份有限公司 2024 年年度股东大会的法律意见书 致: 滁州多利汽车科技股份有限公司 上海市通力律师事务所(以下简称"本所")接受滁州多利汽车科技股份有限公司(以下 简称"公司")的委托, 指派本所黄新淏律师、赵伯晓律师(以下简称"本所律师")根据《中 华人民共和国公司法》《中华人民共和国证券法》《上市公司股东会规则》等法律法规和规范 性文件(以下统称"法律法规")及《滁州多利汽车科技股份有限公司章程》(以下简称"公司 章程")的规定就公司 2024 年年度股东大会(以下简称"本次股东大会")相关事宜出具法 律意见。 本所律师已经对公司提供的与本次股东大会有关的法律文件及其他文件、资料予以了核 查、验证。在进行核查验证过程中, 公司已向本所保证, 公司提供予本所之文件中的所有签 署、盖章及印章都是真实的, 所有作为正本提交给本所的文件都是真实、准确、完整和有效 的, 且文件材料为副本或复印件的, 其与原件一致和相符。 在本法律意见书中, 本所仅对本次股东大会召集和召开的程序、出席本次股东大会人员 资格和召集人资格及表 ...

证券代码：001311 证券简称：多利科技 公告编号：2025-027 滁州多利汽车科技股份有限公司 2024 年年度股东大会决议公告 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。 特别提示： 1、本次股东大会没有出现否决议案的情形； 2、本次股东大会不涉及变更以往股东大会通过决议的情形。 一、会议召开和出席情况 1、会议召开的时间： （1）现场会议时间：2025 年 5 月 8 日（星期四）下午 14:00 6、会议召开的合法、合规性：本次股东大会的召开符合《公司法》《上市公司 股东大会规则》《深圳证券交易所股票上市规则》《深圳证券交易所上市公司股东 大会网络投票实施细则》等有关法律法规和《公司章程》等有关规定。 | 分类 | 人数 | 代表股份数 | 占有表决权总股份数比例 | | --- | --- | --- | --- | | 现场出席 | 7 | 176,301,450 | 73.8116% | | 网络投票 | 174 | 6,946,033 | 2.9081% | | 总体出席 | 181 | 183,247,483 | 76.7197% | ...

Group 1: Financial Performance - In Q1 2025, the company achieved operating revenue of 873 million yuan, with a year-on-year increase of 11.82% and a quarter-on-quarter decrease of 20.99% [1] - The net profit attributable to shareholders was 95 million yuan, reflecting a year-on-year decrease of 17.10% and a quarter-on-quarter increase of 14.56% [1] - The company's gross profit margin in Q1 2025 was 20.91%, down 2.24 percentage points year-on-year and up 2.16 percentage points quarter-on-quarter, while the net profit margin was 10.92%, down 3.75 percentage points year-on-year and up 3.44 percentage points quarter-on-quarter [1] Group 2: Business Development - The company is actively expanding into emerging business areas, diversifying its product structure by optimizing its business layout and focusing on integrated die-casting, hot forming, electrophoretic paint, and composite materials [2] - The company has established production bases closely aligned with automotive industry clusters in various regions, enhancing its ability to respond quickly to customer feedback and ensuring timely delivery and product quality [2] - A new integrated die-casting production line is under construction in Changzhou, Jiangsu, with expectations for large-scale production to begin in the second half of 2025 [2] Group 3: Profit Forecast and Investment Recommendation - The company is projected to have EPS of 2.08, 2.38, and 2.71 yuan for 2025-2027, corresponding to PE ratios of 13, 11, and 10 times, with a compound annual growth rate of 15.12% for net profit attributable to shareholders [3] - A target price of 33.28 yuan is set for 2025, based on a 16 times PE ratio, maintaining a "buy" rating [3]

Financial Performance - The company's revenue for Q1 2025 was ¥872,670,954.55, representing an increase of 11.82% compared to ¥780,410,297.23 in the same period last year[5] - Net profit attributable to shareholders decreased by 17.10% to ¥95,274,428.09 from ¥114,929,425.83 year-on-year[5] - Basic and diluted earnings per share fell by 36.51% to ¥0.40 from ¥0.63 in the same period last year[5] - Net profit for the current period was ¥95,274,428.09, a decrease of 16.8% from ¥114,475,840.48 in the previous period[17] Cash Flow - The net cash flow from operating activities increased by 19.73% to ¥134,216,550.61 compared to ¥112,102,833.84 in the previous year[5] - Cash inflow from operating activities totaled ¥751,370,122.82, compared to ¥798,867,101.32 in the previous period, indicating a decline of 5.9%[18] - Cash outflow from operating activities totaled 617,153,572.21, compared to 686,764,267.48 previously, indicating a decrease of about 10%[19] - The net increase in cash and cash equivalents was -88,546,657.64, compared to -48,890,858.06, indicating a worsening cash position[19] - The ending balance of cash and cash equivalents was 457,116,543.17, down from 600,262,454.18, a decrease of approximately 24%[19] Assets and Liabilities - Total assets at the end of the reporting period were ¥5,898,867,096.75, a slight decrease of 0.07% from ¥5,903,292,570.94 at the end of the previous year[5] - Total liabilities decreased to ¥1,245,993,442.74 from ¥1,345,693,345.04, a reduction of 7.4%[15] - The total current assets decreased from 2,928,940,477.47 CNY to 2,785,871,279.87 CNY, a decline of about 4.9%[13] Shareholder Information - Total number of common shareholders at the end of the reporting period is 19,980[10] - The largest shareholder, Cao Dalong, holds 47.41% of shares, totaling 113,230,000 shares, with 4,550,000 shares pledged[10] Research and Development - Research and development expenses rose by 30.36% to ¥22,766,818.96, driven by increased new model development projects[7] - Research and development expenses increased to ¥22,766,818.96, up from ¥17,464,945.96, representing a growth of 30.4%[16] Investment Activities - The net cash flow from investing activities was negative at -¥221,173,568.39, an increase of 81.50% in outflow compared to -¥121,861,176.67 in the previous year[7] - The company has concluded several investment projects related to automotive parts manufacturing, achieving operational status[11] Other Financial Metrics - Total operating costs amounted to ¥752,520,726.46, up from ¥651,918,890.31, reflecting a growth of 15.4%[16] - The company reported a decrease in cash received from sales of goods and services, which was ¥742,955,029.70, down from ¥776,180,533.74[18] - The company experienced a 286.77% increase in other operating expenses, totaling ¥1,633,193.08, primarily due to late payment penalties[7] Accounting and Audit - The company did not undergo an audit for the first quarter report, which may affect the reliability of the financial data presented[20] - The company plans to implement new accounting standards starting in 2025, which may impact future financial reporting[20]

证券代码：001311 证券简称：多利科技 公告编号：2025-025 滁州多利汽车科技股份有限公司 关于注销部分募集资金专项账户的公告 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、募集资金基本情况 经中国证券监督管理委员会《关于核准滁州多利汽车科技股份有限公司首次 公开发行股票的批复》（证监许可[2022]3066 号）核准，滁州多利汽车科技股份 有限公司（简称"公司"）首次公开发行人民币普通股（A 股）股票 3,533.3334 万股，每股发行价格 61.87 元，实际募集资金总额 218,607.34 万元，扣除发行费 用 15,938.64 万元（不含税）后，实际募集资金净额 202,668.70 万元，该募集资金 已于 2023 年 2 月 20 日划至公司指定账户，上述募集资金到位情况已经中汇会计 师事务所（特殊普通合伙）审验并出具了中汇会验[2023]0435 号《验资报告》。 募集资金到账后，公司及子公司对募集资金进行了专户存储，并与保荐机构、存 放募集资金的银行签署了《募集资金三方监管协议》《募集资金四方监管协议》。 车科技股份有限公 ...