Group 1 - The company, Invt (002334), will hold its 2024 online performance briefing on April 17, 2025, from 15:00 to 17:00, featuring key executives for real-time communication with investors [1] - Invt reported a total operating revenue of 4.322 billion yuan and a net profit attributable to shareholders of 287 million yuan for the year 2024 [1] - The company focuses on providing specialized solutions in industrial automation and energy power sectors, emphasizing energy conservation, intelligent manufacturing, artificial intelligence, and digitalization [1] Group 2 - Invt is a leading enterprise in the industrial automation field, possessing advanced R&D capabilities and comprehensive technical levels among domestic brands, with significant technical barriers [2] - The R&D team has mastered core technologies for products such as frequency converters, PLCs, servo systems, electric vehicle control systems, and inverters, undertaking multiple national and local technology projects [2] - All products are independently developed, with the company holding all intellectual property rights [2]

第七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。 深圳市英威腾电气股份有限公司（以下简称"公司"） 第七届监事会第六 次会议通知及会议资料已于 2025 年 4 月 3 日向全体监事发出。会议于 2025 年 4 月 15 日（星期二）上午 10:00 在广东省深圳市光明区马田街道松白路英威腾 光明科技大厦 A 座 8 楼会议室以现场与通讯相结合的方式召开，由监事会主席 董瑞勇先生召集并主持。本次会议应出席监事 3 人，亲自出席会议的监事 3 人。 会议的召集、召开符合有关法律、行政法规、部门规章、规范性文件和公司章程 的规定。 全体与会监事经认真审议和表决，形成以下决议： 深圳市英威腾电气股份有限公司公告(2025) 证券代码：002334 证券简称：英威腾 公告编号：2025-020 深圳市英威腾电气股份有限公司 深圳市英威腾电气股份有限公司 监事会 2025 年 4 月 15 日 - 1 - 一、以3票同意、0票反对、0票弃权的表决结果审议通过了《关于2025年第 一季度报告的议案》 经审核，监事会认为：董事会编制和审议公司 ...

深圳市英威腾电气股份有限公司公告(2025) 证券代码：002334 证券简称：英威腾 公告编号：2025-019 深圳市英威腾电气股份有限公司 第七届董事会第七次会议决议公告 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。 深圳市英威腾电气股份有限公司（以下简称"公司"） 第七届董事会第七次会 议通知及会议资料已于 2025 年 4 月 3 日向全体董事发出。会议于 2025 年 4 月 15 日（星期二）上午 9:00 在广东省深圳市光明区马田街道松白路英威腾光明科 技大厦 A 座 8 楼会议室以现场与通讯相结合的方式召开，由董事长黄申力先生 召集并主持。本次会议应出席董事 9 人，亲自出席会议的董事 9 人。会议的召 集、召开符合有关法律、行政法规、部门规章、规范性文件和公司章程的规定。 - 1 - 全体与会董事经认真审议和表决，形成以下决议： 一、以 9 票同意、0 票反对、0 票弃权的表决结果审议通过了《关于 2025 年第一季度报告的议案》 本议案已经公司审计委员会审议通过。 《2025 年第一季度报告》详见公司指定信息披露媒体《证券时报》《中国 证 ...

Financial Performance - The company's operating revenue for Q1 2025 was ¥840,245,579.29, a decrease of 11.47% compared to the same period last year[2] - Net profit attributable to shareholders was ¥34,737,469.37, reflecting a decline of 26.44% year-over-year[2] - The net profit after deducting non-recurring gains and losses was ¥26,523,388.80, down 36.28% from the previous year[2] - Basic earnings per share decreased to ¥0.0432, down 26.41% year-over-year[2] - The company achieved a net profit attributable to shareholders of CNY 34,737,500.00 in Q1 2025, a decline of 26.44% year-on-year[11] - The net profit for the current period is CNY 27,582,001.53, a decrease of 30.2% compared to CNY 39,437,566.55 in the previous period[23] - The company reported a total comprehensive income of CNY 27,715,824.76, down from CNY 39,521,051.04 in the previous period[25] Cash Flow - The net cash flow from operating activities was ¥28,436,555.01, a significant drop of 78.57% compared to the same period last year[2] - The net cash flow from operating activities for Q1 2025 was CNY 28,436,555.01, down 78.57% from CNY 132,674,360.70 in Q1 2024[11] - The cash flow from operating activities netted CNY 28,436,555.01, a significant decline from CNY 132,674,360.70 in the previous period[26] - The net cash flow from investing activities was negative at CNY -128,019,410.07, compared to CNY -67,020,304.19 in the previous period[28] Assets and Liabilities - Total assets at the end of the reporting period were ¥5,357,405,699.41, an increase of 0.69% from the end of the previous year[2] - Total assets as of March 31, 2025, amounted to 5,357,405,699.41 RMB, an increase from 5,320,710,734.15 RMB at the beginning of the period[19] - Total liabilities as of March 31, 2025, were 2,406,606,873.92 RMB, slightly up from 2,405,093,633.61 RMB at the beginning of the period[21] - The company's total assets as of March 31, 2025, included a significant increase in prepayments, which rose by 276.03% to CNY 61,691,101.93[7] Shareholder Equity - Shareholders' equity attributable to the parent company rose to ¥2,951,418,215.60, reflecting a growth of 1.46% compared to the previous year-end[2] - The company's equity attributable to shareholders increased from 2,909,081,022.81 RMB to 2,951,418,215.60 RMB, showing a growth of approximately 1.5%[21] Revenue Segmentation - The industrial automation segment generated revenue of CNY 53,582,590.00, accounting for 63.77% of total revenue, with a year-on-year decrease of 5.45%[11] - The new energy vehicle segment reported revenue of CNY 10,885,230.00, down 25.58% year-on-year, representing 12.95% of total revenue[11] Expenses - Total operating costs for the current period were 834,441,472.34 RMB, compared to 919,708,022.49 RMB in the previous period, indicating a decrease of about 9.3%[22] - Research and development expenses increased to CNY 115,403,312.42, up 4.1% from CNY 110,490,957.52 in the previous period[23] Financing Activities - The company raised CNY 138,991,500.54 from financing activities, an increase from CNY 70,320,165.25 in the previous period[28] Share Repurchase - The company repurchased 6,570,000 shares, accounting for 0.81% of the total share capital, with a total transaction amount of 36,534,503 RMB[14] - The maximum repurchase price was adjusted from 7.94 RMB/share to 13.80 RMB/share, and the implementation period was extended by 9 months until February 8, 2026[14] Accounting Policy Changes - The company implemented a change in accounting policy effective January 1, 2024, affecting the recognition of warranty costs in operating expenses[2] Other Income - The company recorded a significant increase in other income, which rose by 41.28% to CNY 31,063,002.96, mainly due to an increase in VAT refunds[11] Product Development and Strategy - The company did not report any significant new product developments or market expansion strategies during this quarter[6]

Core Viewpoint - The company Invt (002334) reported a decline in both revenue and net profit for the first quarter of 2025 compared to the same period last year [1] Financial Performance - Revenue for the first quarter of 2025 was 840 million yuan, representing a year-on-year decrease of 11.47% [1] - Net profit for the same period was 34.73 million yuan, showing a year-on-year decline of 26.44% [1]

Core Insights - The company reported a total revenue of 4.322 billion yuan in 2024, a year-on-year decrease of 5.84%, and a net profit attributable to shareholders of 287 million yuan, down 22.81% year-on-year [2] - Despite the overall decline, the company showed strong performance in Q4, with a revenue of 1.178 billion yuan, a decrease of 8.48% year-on-year, but a net profit increase of 89.75% to 134 million yuan [2] Financial Performance Overview - The company's gross margin was 30.23%, an increase of 0.81 percentage points, indicating slight improvement in cost control, while the net margin was 4.91%, a decrease of 31.33%, reflecting pressure on profitability [3] - Earnings per share were 0.36 yuan, down 23.02% year-on-year, further indicating a decline in profitability [3] Cost Control and Cash Flow - The company faced challenges in cost control, with total selling, administrative, and financial expenses amounting to 612 million yuan, representing 14.17% of revenue, an increase of 6.05 percentage points year-on-year [4] - Operating cash flow per share was 0.51 yuan, down 32.93% year-on-year, indicating reduced cash inflow from operating activities [4] Accounts Receivable and Financial Position - The company had significant accounts receivable of 1.021 billion yuan, which accounted for 356.08% of the net profit attributable to shareholders, potentially putting pressure on cash flow [5] - Cash and cash equivalents amounted to 1.211 billion yuan, an increase of 26.43% year-on-year, indicating a certain level of liquidity [5] Main Business Composition - Revenue from frequency converter products was 2.272 billion yuan, accounting for 52.57% of total revenue, making it the primary source of income [6] - Data center products generated 792 million yuan, representing 18.32% of total revenue, while electric drive and vehicle power products contributed 571 million yuan, or 13.21% [6] Industry and Regional Distribution - The industrial automation segment generated 2.673 billion yuan, accounting for 61.86% of total revenue, making it the largest business segment [7] - Domestic revenue was 2.994 billion yuan, representing 69.27% of total revenue, while overseas revenue was 1.328 billion yuan, accounting for 30.73% [7] Future Outlook - The company has significant growth potential in industrial automation, network energy, new energy vehicles, and photovoltaic energy storage [8] - Challenges include macroeconomic and policy risks, competition due to core technology and talent shortages, supply chain risks, and potential underperformance in new energy vehicle and energy storage business expansion [8]

Core Viewpoint - In 2024, Yingweitong (002334) reported a total revenue of 4.322 billion yuan, a year-on-year decrease of 5.84%, and a net profit of 287 million yuan, down 22.81%, primarily due to significant declines in the new energy vehicle and photovoltaic energy storage sectors [1] Group 1: Industrial Automation Business - The industrial automation segment achieved revenue of 2.673 billion yuan, a year-on-year increase of 5.15%, making it the only business unit with positive growth [4] - Despite a weak global economic environment and low demand in the industrial control sector, the company successfully identified structural growth opportunities in downstream industries, particularly in steel, mining, non-ferrous metals, and chemicals, with sales exceeding 100 million yuan in these sectors [4] - Yingweitong's market share in the low-voltage frequency converter market increased to 6%, ranking fourth overall and second among domestic brands [4] Group 2: New Energy Vehicle Business - The new energy vehicle segment reported revenue of 585 million yuan, a year-on-year decline of 16.59%, making it the worst-performing segment for the company [5] - Despite achieving a total sales volume of 72,000 units in the new energy commercial vehicle market, intense market competition and price wars significantly compressed profit margins [5] - The company focused on hybrid electric control products in the passenger vehicle market, achieving sales of 50,000 units, but was unable to reverse the losses despite advancements in technology and product iteration [5][6] Group 3: Photovoltaic Energy Storage Business - The photovoltaic energy storage segment generated revenue of 222 million yuan, a year-on-year decrease of 27.03%, reflecting poor performance despite being a growth-oriented business [7] - The global photovoltaic inverter industry is characterized by increased installation demand and technological iterations, leading to a "volume increase and price drop" scenario, intensifying market competition [7] - Yingweitong's sales in overseas markets increased to 51.10%, but partnerships in countries like India, South Korea, and Pakistan have not significantly improved business performance [7]

审计报告及财务报表 （2024 年 1 月 1 日至 2024 年 12 月 31 日止） | | | 目 录 | 页 次 | | --- | --- | --- | --- | | 一、 | 审计报告 | | 1-7 | | 二、 | 已审财务报表 | | | | | 合并资产负债表 | | 1-2 | | | 合并利润表 | | 3 | | | 合并现金流量表 | | 4 | | | 合并股东权益变动表 | | 5-6 | | | 母公司资产负债表 | | 7-8 | | | 母公司利润表 | | 9 | | | 母公司现金流量表 | | 10 | | | 母公司股东权益变动表 | | 11-12 | | | 财务报表附注 | | 1-117 | 深圳市英威腾电气股份有限公司 审计报告 德皓审字[2025]00000531 号 北 京 德 皓 国 际 会计师事务所 (特 殊 普 通 合 伙 ) Beijing Dehao International Certified Public Accountants (Limited Liability Partnership) 深圳市英威腾电气股份有限公司 审 计 ...

目 录 页 次 深圳市英威腾电气股份有限公司 控股股东及其他关联方资金占用情况的 专项说明 德皓核字[2025]00000574 号 北 京 德 皓 国 际 会 计 师 事 务 所 (特殊普通合伙 ) Beijing Dehao International Certified Public Accountants (Limited Liability Partnership) 深圳市英威腾电气股份有限公司 控股股东及其他关联方资金占用情况的专项说明 （截止 2024 年 12 月 31 日） 一、 控股股东及其他关联方资金占用情况的专项 说明 1-2 二、 深圳市英威腾电气股份有限公司 2024 年度非 经营性资金占用及其他关联资金往来情况汇 总表 1-2 第 1 页 德皓核字[2025] 00000574 号关联方资金占用情况的专项说明 控 股 股 东 及 其 他 关 联 方 资 金 占 用 情 况 的 专 项 说 明 德皓核字[2025] 00000574 号 深圳市英威腾电气股份有限公司全体股东： 我们接受委托，依据《中国注册会计师执业准则》审计了深圳市 英威腾电气股份有限公司（以下简称英威腾公司）20 ...

深圳市英威腾电气股份有限公司 内部控制审计报告 德皓内字[2025]00000021 号 北 京 德 皓 国 际 会 计 师 事 务 所 (特殊普通合伙 ) Beijing Dehao International Certified Public Accountants (Limited Liability Partnership) 深圳市英威腾电气股份有限公司 内部控制审计报告 （截止 2024 年 12 月 31 日） 目 录 页 次 一、 内部控制审计报告 1-2 德皓内字[2025] 00000021 号 深圳市英威腾电气股份有限公司全体股东： 内 部 控 制 审 计 报 告 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，我们审计了深圳市英威腾电气股份有限公司（以下简称英威 腾公司）2024 年 12 月 31 日的财务报告内部控制的有效性。 一、企业对内部控制的责任 按照《企业内部控制基本规范》、《企业内部控制应用指引》、《企 业内部控制评价指引》的规定，建立健全和有效实施内部控制，并评 价其有效性是企业董事会的责任。 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 ...