Revenue and Profit - The company's revenue for Q1 2025 was ¥901,084,268.57, a decrease of 20.97% compared to ¥1,140,156,793.52 in the same period last year[5]. - Net profit attributable to shareholders increased by 395.60% to ¥36,817,574.79 from ¥7,428,910.41 year-on-year[5]. - Net profit excluding non-recurring gains and losses decreased by 70.17% to ¥8,153,791.86 from ¥27,337,504.74 in the previous year[5]. - Basic and diluted earnings per share rose to ¥0.0455, up 394.57% from ¥0.0092 in the same quarter last year[5]. - Net profit for the current period is ¥36,584,738.16, compared to ¥7,021,794.26 in the previous period, representing a significant increase[22]. - Operating profit for the current period is ¥37,317,068.36, up from ¥7,384,814.27 in the previous period[22]. Cash Flow - Operating cash flow improved significantly, with a net cash flow from operating activities of -¥14,486,532.99, an increase of 94.65% compared to -¥270,904,400.81 last year[5][10]. - Cash flow from operating activities shows a net outflow of ¥14,486,532.99, an improvement from a net outflow of ¥270,904,400.81 in the previous period[24]. - Cash flow from investing activities has a net outflow of ¥130,713,744.55, compared to a net inflow of ¥167,524,903.45 in the previous period[24]. - Cash flow from financing activities results in a net outflow of ¥5,104,471.56, down from a net inflow of ¥65,868,625.71 in the previous period[25]. - The ending cash and cash equivalents balance is ¥525,136,591.03, compared to ¥343,706,947.79 in the previous period[25]. Assets and Liabilities - Total assets at the end of the reporting period were ¥4,117,132,922.68, a decrease of 1.27% from ¥4,170,231,669.53 at the end of the previous year[5]. - The company's current assets totaled CNY 2,571,379,247.46, slightly down from CNY 2,598,575,876.57 at the start of the period[17]. - Total liabilities decreased to CNY 1,029,008,371.88 from CNY 1,121,932,533.83, a reduction of approximately 8.3%[18]. - The company's equity attributable to shareholders increased to CNY 3,066,110,385.76 from CNY 3,026,106,811.16, showing a growth of about 1.3%[20]. Inventory and Receivables - Accounts receivable decreased to CNY 858,054,167.70 from CNY 995,951,814.27, indicating a reduction of approximately 13.8%[17]. - Inventory decreased to CNY 466,308,067.28 from CNY 550,057,413.19, reflecting a decline of about 15.2%[17]. Other Financial Metrics - The company's return on equity (ROE) increased to 1.21%, up from 0.26% year-on-year[5]. - The increase in net profit was primarily due to gains from the sale of shares in a project invested by Suzhou Guorun Ruqi Venture Capital[9]. - The decline in net profit excluding non-recurring items was attributed to decreased business volume in the new materials sector due to industry impacts[9]. - The company reported a significant reduction in raw material payments in the new materials sector, contributing to improved cash flow[10]. - The company reported a total of CNY 1,309,630,871.46 in undistributed profits, up from CNY 1,272,813,296.67[20]. - The company has ongoing investments in long-term equity, totaling CNY 262,390,981.63, slightly down from CNY 267,352,981.06[17]. Accounting and Reporting - The first quarter report has not been audited[26]. - The new accounting standards will be implemented starting from 2025[27].

Group 1 - The company's revenue for Q1 2025 is 901 million yuan, representing a year-on-year decrease of 20.97% [1] - The net profit for the same period is 36.82 million yuan, showing a significant year-on-year increase of 395.60% [1]

Group 1: Company Overview and Strategic Goals - The company is focused on two growth sectors: semiconductors and photovoltaics, aiming for a sales revenue target of 10 billion CNY by 2025 [2][6]. - The 2025 operational plan is set at 6 billion CNY, with specific measures detailed in the annual report [4][3]. - The company has established a five-year strategic plan under Chairman Wu Wenhao's leadership [2][3]. Group 2: Financial Performance and Challenges - The company reported a significant increase in sales revenue of 50.4% in the photovoltaic sector, which constitutes 80% of total sales, while the semiconductor sector is facing losses [9][14]. - The weighted average return on equity (ROE) for 2024 is projected at 2.49%, a decline from 2023 due to increased investments and asset impairments [10][9]. - The company has experienced a decline in performance over the past three years, prompting inquiries about strategies to reverse this trend [2][3]. Group 3: Market Position and Competitive Landscape - The company ranks among the top three in the photovoltaic industry and is positioned favorably in the semiconductor sector [5][14]. - The impact of tariffs and trade wars on the company is minimal due to its dual domestic and international sales strategy [2][21]. - The company is actively expanding its overseas market presence, including acquisitions and establishing offices in Southeast Asia [19][21]. Group 4: Operational Strategies and Future Outlook - The company plans to enhance its core technology in power semiconductors and focus on electric vehicle applications [16][17]. - Strategies include cost reduction in manufacturing and R&D, as well as a commitment to sustainable practices aligned with national carbon neutrality goals [16][17]. - The company aims to diversify its photovoltaic technology routes and strengthen its market position through innovative product development [17][14].

本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假记载、误 导性陈述或重大遗漏。 一、交易概述 苏州固锝电子股份有限公司（以下简称"公司"或"苏州固锝"）于2024年12月27日 召开的第八届董事会第十一次临时会议、第八届监事会第十一次临时会议审议通过了《关 于收购新硅能微电子（苏州）有限公司股权暨关联交易的议案》，同意公司以自有资金1150 万元收购新硅能微电子（苏州）有限公司（以下简称"新硅能"）100%股权，具体内容详 见2024年12月31日在《证券时报》和巨潮资讯网（http://www.cninfo.com.cn）披露的相 关公告（公告编号：2024-086）。 证券代码：002079 证券简称：苏州固锝 公告编号：2025-016 苏州固锝电子股份有限公司 关于收购新硅能微电子（苏州）有限公司股权 暨关联交易的进展公告 二○二五年四月二十二日 - 1 - 1、《新硅能微电子（苏州）有限公司营业执照》 特此公告。 苏州固锝电子股份有限公司董事会 二、交易进展情况 近日公司收到新硅能的通知，其已办理完成本次收购事项的工商变更登记手续，并取 得了苏州高新区（虎丘区）数据局出具的《营业执 ...

Core Viewpoint - Suzhou Gude's 2024 annual report reveals a significant revenue increase of 37.94% to 5.638 billion yuan, but a drastic decline in net profit by 51.93% to 736.91 million yuan, indicating a situation of rising revenue but falling profits [1][4] Group 1: Business Performance - The semiconductor business, which previously contributed significantly to revenue, has seen a continuous decline, with its revenue contribution dropping to less than 20% by 2024 [1] - The photovoltaic (PV) business, which now accounts for over 80% of revenue, is facing severe price pressures due to industry-wide price wars, impacting overall profitability [1][3] - The company's net profit margin has plummeted to 1.31% in 2024, nearing the breakeven point, highlighting the challenges in maintaining profitability amidst rising revenues [1][4] Group 2: Historical Context and Transition - In 2015, 95% of Suzhou Gude's revenue came from the semiconductor sector, while by 2021, the PV business had grown to contribute 47.26% of total revenue, marking a successful transition to a dual business model [2] - The PV business has shown rapid growth in recent years, with revenues of 1.992 billion yuan, 3.064 billion yuan, and 4.609 billion yuan from 2022 to 2024, reflecting growth rates of 70.25%, 53.81%, and 50.42% respectively [2] - Conversely, the semiconductor business has faced declining revenues, with figures of 1.266 billion yuan, 1.002 billion yuan, and 988 million yuan from 2022 to 2024, showing negative growth rates [2][3] Group 3: Profitability Challenges - The gross margin for the PV business has decreased significantly from 24.31% in 2016 to 9.60% in 2024, contributing to a decline in overall gross margin from 17.21% to 10.23% during the same period [3] - The net profit margin has also seen a drastic decline from 11.35% in 2022 to 1.31% in 2024, indicating severe profitability challenges [4] Group 4: Leadership Transition - The company is undergoing a leadership transition, with Wu Wenhao taking over as the actual controller after acquiring approximately 68% of the shares from his father, Wu Nianbo, for 0 yuan [5] - Wu Wenhao has previously shown strong performance, with revenue growth from 1.805 billion yuan in 2020 to 3.268 billion yuan in 2022, but faces significant challenges due to the current downturn in both semiconductor and PV industries [6]

4月14日晚间，苏州固锝(002079)发布2024年年度业绩报告。报告期内，公司实现营业收入56.38亿元， 同比增长37.94%；实现归属于母公司的净利润7369.10万元，展现出较好的发展韧性。 资料显示，苏州固锝主营业务聚焦于半导体和光伏两大热门领域，构建了"双轮驱动"业务格局。自成立 以来，公司在半导体分立器件和集成电路封装测试领域精耕细作，凭借深厚的技术积累和持续创新，如 今已拥有一套完备的从产品设计到最终产品研发、制造的解决方案，其整流二极管销售额连续十多年稳 居中国前列，在全球市场也占据重要地位；同时，公司全资子公司晶银新材是国际知名的光伏电池导电 浆料供应商，也是太阳能电池银浆全面国产化的先行者。 在当前全球科技产业蓬勃发展的浪潮下，半导体和光伏产业迎来黄金发展期。随着全球数字化转型加 速，人工智能、5G通信、物联网等新兴技术崛起，半导体芯片需求爆发式增长，各国政府纷纷加大对 半导体研发和制造的投入，推动产业技术创新与市场扩张。同时，全球对清洁能源需求迫切，光伏市场 高速增长。我国作为全球最大的光伏市场，政策支持力度不断加大。苏州固锝凭借在半导体、光伏领域 的创新技术优势，将在两大产业的广阔 ...

Group 1 - Suzhou Goodwill (002079.SZ) released its 2024 annual report on April 15, 2025, indicating that as of April 14, 2025, 41 institutional investors held a total of 237 million shares, accounting for 29.25% of the total share capital [1] - The top ten institutional investors collectively held 29.10% of the shares, with a decrease of 1.68 percentage points compared to the previous quarter [1] - Among public funds, two funds reduced their holdings compared to the previous quarter, with a decrease of 0.42% [1] Group 2 - One foreign fund, Hong Kong Central Clearing Limited, reduced its holdings by 0.25% compared to the previous quarter [2]

Core Insights - The company experienced a significant revenue growth of 37.94% in 2024, reaching approximately 5.64 billion yuan, but faced a drastic decline in net profit by 51.93% [2][4] - The decline in net profit indicates complex operational challenges despite revenue growth, necessitating a deeper analysis of financial performance and potential risks [1] Revenue Growth - The total revenue for 2024 was 5,637,955,445.62 yuan, up from 4,087,354,532.52 yuan in 2023, reflecting effective market expansion and increased business scale [2] - The semiconductor business revenue was 987,648,394.37 yuan, showing a slight decline, while the new energy materials business surged by 50.42% to 4,608,792,637.95 yuan, driven by the rapid growth of the photovoltaic industry [3] Net Profit Decline - The net profit attributable to shareholders was 73,690,959.92 yuan, down from 153,288,440.18 yuan in 2023, indicating a significant drop [4] - The increase in operating costs from 3,500,336,724.54 yuan in 2023 to 5,033,786,332.28 yuan in 2024 (an increase of 44.26%) outpaced revenue growth, likely due to rising raw material prices and reduced production efficiency [5] Non-Recurring Profit Analysis - The net profit excluding non-recurring items was 50,876,153.01 yuan, a decrease of 63.15% compared to 138,070,828.10 yuan in 2023, highlighting challenges in core business profitability [6] - The decline in non-recurring profit was more pronounced than the overall net profit, indicating a weakening support from non-recurring gains [7] Earnings Per Share - Basic earnings per share fell to 0.0913 yuan from 0.1901 yuan, a reduction of 51.97%, which may diminish investor appeal [9] - The decline in net profit directly impacted earnings per share, with a slight increase in total shares due to stock options [10] Cash Flow Analysis - Operating cash flow net amount decreased by 62.30% to 82,011,041.04 yuan, primarily due to increased payments for raw materials and supplier invoices [20] - Investment cash flow net amount improved by 92.58%, indicating a reduction in cash outflows due to decreased investments [21] - Financing cash flow net amount surged by 341.83% to 220,515,583.80 yuan, largely due to increased bank loans, reflecting confidence in future growth but also raising debt concerns [22] Research and Development - R&D expenses rose by 37.37% to 200,689,265.93 yuan, indicating a commitment to enhancing product technology and competitiveness [16] - The number of R&D personnel increased by 20.88% to 301, with a higher proportion of skilled workers, supporting innovation efforts [18] Expense Management - Sales expenses decreased by 26.65% to 81,895,502.94 yuan, suggesting improved sales efficiency and cost management [13] - Management expenses slightly increased by 4.19% to 115,209,832.85 yuan, reflecting the company's growth and associated costs [14] - Financial expenses rose by 2.47% to 10,532,590.01 yuan, primarily due to increased interest costs [15]

苏州固锝电子股份有限公司 非经营性资金占用及其他资 金往来情况的专项报告 二○二四年度 （特殊普通合伙） 苏州固锝电子股份有限公司全体股东： 我们审计了苏州固锝电子股份有限公司( 以下简称"苏州 固 锝 ")2024 年度的财务报表，包括 2024 年 12 月 31 日的合并及母 公司 资产负债表、2024 年度合并及母公司利润表、合并及母公司所 有者权 益变动表、合并及母公司现金流量表和相关财务报表附注， 并于 2025 年4月11日出具了报告号为信会师报字[2025]第 ZA10766 号的无保留意见审计报告。 苏州固锝管理层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）和《深圳证券交易所上市公司自律监管指南 第 1 号——业务办理》的相关规定编制了后附的 2024 年度非经营 性资 金占用及其他关联资金往来情况汇总表（以下简称"汇总表"） 。 关于苏州固锝电子股份有限公司 非经营性资金占用及其他关联资金往来情况 的专项报告 编制汇总表并确保其真实、准确、完整是苏州固锝管理层的责 任。我们将汇总表所载信息与我们审计苏 ...

苏州固锝电子股份有限公司 审计报告及财务报表 二○二四年度 苏州固锝电子股份有限公司 审计报告及财务报表 （2024 年 01 月 01 日至 2024 年 12 月 31 日止） | | 目录 | 页次 | | --- | --- | --- | | 一、 | 审计报告 | 1-5 | | 二、 | 财务报表 | | | | 合并资产负债表和母公司资产负债表 | 1-4 | | | 合并利润表和母公司利润表 | 5-6 | | | 合并现金流量表和母公司现金流量表 | 7-8 | | | 合并所有者权益变动表和母公司所有者权益变动表 | 9-12 | | | 财务报表附注 | 1-128 | 审 计 报 告 信会师报字[2025]第 ZA10766 号 苏州固锝电子股份有限公司全体股东： 一、 审计意见 我们审计了苏州固锝电子股份有限公司（以下简称苏州固锝）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 司所有者权益变动表以及相关财务报表附注。 我们认为，后附的财务报表在所有重大方面按照企业会计准则的 规定编 ...