一、主要会计数据和财务指标 | 报告期指标 | 2024年年报 | 2023年年报 | 本年比上年增减(%) | 2022年年报 | | --- | --- | --- | --- | --- | | 基本每股收益（元） | 0.5100 | 0.4700 | 8.51 | 0.2800 | | 每股净资产（元） | 3.13 | 2.86 | 9.44 | 2.59 | | 每股公积金(元) | 0.49 | 0.52 | -5.77 | 0.53 | | 每股未分配利润(元) | 1.42 | 1.14 | 24.56 | 0.89 | | 每股经营现金流(元) | - | - | - | - | | 营业收入(亿元) | 29.43 | 26.94 | 9.24 | 22.14 | | 净利润(亿元) | 4.49 | 4.2 | 6.9 | 2.47 | | 净资产收益率(%) | 16.80 | 17.43 | -3.61 | 10.97 | 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 前十大流通股东累计持有： 16835.58万股，累计占流通股比： 32.32%，较上期 ...

Financial Performance - The company's operating revenue for 2024 reached ¥2,943,318,533.06, representing a 9.27% increase compared to ¥2,214,399,101.41 in 2022[14] - Net profit attributable to shareholders was ¥449,234,887.92, up 7.06% from ¥246,572,841.23 in 2022[14] - The net profit after deducting non-recurring gains and losses was ¥429,454,157.96, reflecting a 13.66% increase from ¥221,481,446.57 in 2022[14] - Basic earnings per share increased to ¥0.51, an 8.51% rise from ¥0.28 in 2022[14] - The diluted earnings per share for 2024 is CNY 0.51, an increase of 8.51% compared to CNY 0.47 in 2023[15] - The total assets at the end of 2024 reached CNY 3,533,402,162.84, representing a 7.39% increase from CNY 3,290,281,659.92 in 2023[15] - The net profit attributable to shareholders for the fourth quarter of 2024 was CNY 110,974,277.21, with total revenue for the same quarter at CNY 797,589,656.50[19] - The company achieved total revenue of CNY 294,331.85 million, an increase of 9.27% year-on-year, with headset sales contributing CNY 184,098.37 million (up 2.79%) and audio products contributing CNY 99,660.51 million (up 20.39%) [64] - The company's net profit attributable to shareholders for 2024 was CNY 44,923.49 million, reflecting a year-on-year increase of 7.06% due to revenue growth and improved gross margin [64] Cash Flow and Investments - The net cash flow from operating activities decreased by 14.30% to ¥437,125,801.86 from ¥408,165,905.26 in 2022[14] - The net cash flow from operating activities in the second quarter of 2024 was CNY 168,108,304.32, showing a significant increase compared to CNY 91,618,151.37 in the first quarter[19] - Operating cash inflow totaled ¥3,525,322,350.79 in 2024, reflecting an increase of 11.51% from ¥3,161,349,680.81 in 2023[82] - The net cash flow from investment activities was -¥1,178,358,117.96 in 2024, a significant decline of 619.04% from -¥163,878,246.68 in 2023[82] - The net increase in cash and cash equivalents dropped by 833.19% to -¥1,010,105,727.74 in 2024 from ¥137,768,781.37 in 2023[83] - Total investment during the reporting period reached ¥2,844,804,333.34, a significant increase of 532.18% from ¥450,000,000.00 in the previous year[93] Market Expansion and Product Development - The company is focusing on expanding its market presence and enhancing product development strategies[3] - Future outlook includes addressing potential risk factors as detailed in the management discussion[3] - The company has developed various forms of air conduction open-ear headphones, including ear-hanging, rear-hanging, and ear-clip styles, leveraging its proprietary sound leakage prevention structure and dynamic low-frequency enhancement algorithms[32] - The company has launched the NeoBuds Pro3, featuring adaptive noise cancellation technology that dynamically adjusts algorithms based on environmental changes, enhancing user experience[30] - The company is actively expanding its market space by launching new brands and products, including the acquisition of the renowned electrostatic headphone brand STAX in 2012[35] - The company is expanding its product line with new designs for headphones and charging cases, enhancing its market presence[40] - The company is focusing on market expansion through innovative designs and technology advancements in audio products[39] - The company is strategically positioning itself to capture a larger share of the audio market with its new product offerings[40] - The company is actively developing noise-canceling headphones and related technologies, which are anticipated to improve user experience and expand market share[44] Research and Development - The company has over 500 technical and R&D personnel, enhancing its core competitiveness in product design and development [63] - Research and development expenses rose by 9.16% year-on-year to ¥183,617,719.13[75] - The number of R&D personnel increased to 575 in 2024, representing a growth of 13.64% compared to 506 in 2023[78] - R&D investment amounted to ¥183,617,719.13 in 2024, up 9.16% from ¥168,203,339.61 in 2023, maintaining a ratio of 6.24% of operating revenue[80] - The company is investing in research and development, with a budget increase of 10% for 2024 to support innovation initiatives[45] - The company is investing heavily in R&D, with a budget increase of 25% to 300 million yuan for the upcoming year[121] Corporate Governance and Management - The company has established a comprehensive internal control system to ensure compliance and effective risk management across all operational aspects[192] - The internal audit department operates independently, reporting directly to the audit committee and providing regular updates to the board[192] - The company has established a robust governance structure with a dedicated audit committee and independent directors to ensure compliance and accountability[161] - The management team includes professionals with significant experience in various sectors, including technology, finance, and marketing, contributing to strategic decision-making[163][164] - The company has appointed several independent directors with diverse backgrounds, including finance and law, enhancing governance and oversight[160][161] Environmental and Social Responsibility - The company has invested approximately 14 million yuan in a distributed photovoltaic power generation project, which is expected to generate an average annual power output of 3.09 million kWh[200] - The photovoltaic project is projected to save about 935 tons of standard coal annually, reducing CO₂ emissions by approximately 2,571 tons[200] - The company has donated over 9 million yuan to assist hearing-impaired children through its "Angel Echo" fund since 2007[131] - The company has established a comprehensive environmental safety management system, ensuring compliance with various environmental laws and regulations[199] - All pollutant discharge monitoring indicators have met the required standards, reflecting the company's commitment to environmental protection[199] Investor Relations and Shareholder Engagement - The company has maintained a transparent cash dividend policy, ensuring that minority shareholders have opportunities to express their opinions[186] - The company has repurchased a total of 5,100,000 shares for a total amount of 60,236,402.00 yuan, aimed at enhancing investor confidence and implementing an employee stock ownership plan[134] - The company has conducted 16 cash dividend distributions, totaling approximately 1.41 billion yuan, reflecting its commitment to returning value to investors[135] - The company emphasizes communication with investors through performance briefings and market analysis to improve investor relations[133] - The company maintains a comprehensive investor relations section on its website to provide timely and accurate information to investors[133]

北京市朝阳区建国门外大街 8 号北京国际财源中心 A 座 32 层 北京市万商天勤律师事务所 关于 深圳市漫步者科技股份有限公司 法律意见书 100022 电话：+86 10 82255588 www.vtlaw.cn 北京 深圳 上海 成都 武汉 西安 长沙 杭州 海口 南京 广州 昆明 福州 重庆 天津 合肥 香港(联营) 北京市万商天勤律师事务所 关于深圳市漫步者科技股份有限公司 法律意见书 致：深圳市漫步者科技股份有限公司 根据《中华人民共和国证券法》 《中华人民共和国公司法》及中国证券监督管理委 员会《上市公司股东大会规则》 （以下称"《股东大会规则》"）等法律、法规和规范性 文件的规定，北京市万商天勤律师事务所（以下称"本所"）接受深圳市漫步者科技股 份有限公司（以下称"公司"）的委托，指派律师参加公司 2025 年第一次临时股东大 会，并出具法律意见。 本所律师同意将本法律意见书随公司本次股东大会决议一并予以公告，并依法对 本法律意见书承担相应的责任。 本所律师根据《股东大会规则》第五条的要求，按照律师行业公认的业务标准、 道德规范和勤勉尽责精神，对公司提供的有关文件和本次股东大会的有关事项进行 ...

北京市万商天勤律师事务所 关于 深圳市漫步者科技股份有限公司 2025 年第一次临时股东大会的 法律意见书 法律意见书 致：深圳市漫步者科技股份有限公司 根据《中华人民共和国证券法》《中华人民共和国公司法》及中国证券监督管理委 员会《上市公司股东大会规则》（以下称"《股东大会规则》"）等法律、法规和规范性 文件的规定，北京市万商天勤律师事务所（以下称"本所"）接受深圳市漫步者科技股 份有限公司（以下称"公司"）的委托，指派律师参加公司 2025 年第一次临时股东大 会，并出具法律意见。 本所律师同意将本法律意见书随公司本次股东大会决议一并予以公告，并依法对 本法律意见书承担相应的责任。 本所律师根据《股东大会规则》第五条的要求，按照律师行业公认的业务标准、 道德规范和勤勉尽责精神，对公司提供的有关文件和本次股东大会的有关事项进行了 核查和验证，并指派律师现场参加了公司本次股东大会。现就公司本次股东大会的召 开及表决等情况出具法律意见如下： 一、本次股东大会的召集、召开程序 北京市朝阳区建国门外大街 8 号北京国际财源中心 A 座 32 层 100022 电话：+86 10 82255588 www.vtlaw ...

深圳市漫步者科技股份有限公司 2025 年第一次临时股东大会决议公告 证券代码：002351 证券简称：漫步者 公告编号：2025-009 深圳市漫步者科技股份有限公司 2025年第一次临时股东大会决议公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，并对公告中 的虚假记载、误导性陈述或重大遗漏承担责任。 一、 重要提示 1. 本次股东大会无增加、变更、否决提案的情况。 2. 本次审议的提案均属于涉及影响中小投资者利益的重大事项，公司对中 小投资者（指除单独或合计持有公司 5%以上股份的股东及公司董监高以外的其 他股东）的表决单独计票。 5. 会议主持人：经举手表决，本次股东大会由公司董事长张文东先生主持。 6. 本次股东大会的召集、召开和表决程序符合《中华人民共和国公司法》、 《上市公司股东大会规则》、《深圳证券交易所股票上市规则》及《深圳市漫步 者科技股份有限公司章程》等法律、法规和规范性文件的规定。 三、 会议出席情况 3. 提案 1.01 所涉及的关联股东张文东、肖敏、王晓红、张文昇回避表决。 二、 会议召开的情况 1. 会议召开时间： （1）现场会议时间：2025 年 3 月 27 日（星 ...

Investment Rating - The report assigns a rating of "Buy" for the company [7] Core Views - The company, Edifier, is positioned as a leading domestic audio manufacturer, focusing on acoustic technology and product innovation to drive growth [1][3] - The earphone market is expanding, driven by the emergence of Open Wearable Stereo (OWS) earphones and AI technology, which enhance user experience and create new demand [2][29] - Edifier is leveraging industry trends to create new performance growth points, with a comprehensive product lineup in OWS and AI earphones [3][49] Company Overview - Edifier was founded in 1996 and listed on the Shenzhen Stock Exchange in 2010, with a mission to empower through sound and a strong focus on audio technology research and development [1][11] - The company has a diverse product range, including home audio, professional audio, automotive audio, headphones, and microphones, with hundreds of models available [1][17] - The company has received multiple international design awards, indicating strong product quality and market acceptance [1][11] Industry Analysis - The global earphone market was valued at $62 billion in 2022 and is projected to grow to $89.6 billion by 2026, with a CAGR of 9.64% [29][30] - The online sales of open-type earphones in China saw a significant increase of 165% year-on-year in the first half of 2024, indicating a strong market trend towards this product category [2][38] - AI technology is enhancing earphone functionalities, with predictions of a 488.7% increase in online sales of AI earphones in China in 2024 [2][45] Financial Performance - The company’s revenue is expected to grow from 3.13 billion yuan in 2024 to 4.17 billion yuan in 2026, with year-on-year growth rates of 16.10%, 15.82%, and 15.20% respectively [7][8] - The net profit attributable to shareholders is projected to increase from 500 million yuan in 2024 to 701 million yuan in 2026, with growth rates of 19.22%, 20.13%, and 16.62% [7][8] - The company’s gross margin is expected to improve, reaching 42.5% by 2026, driven by product mix optimization and brand strength [8][19] Competitive Strategy - Edifier is building a robust competitive advantage through a diverse product matrix that caters to various market segments, including youth and gaming [4][46] - The company is enhancing its brand strategy through social media marketing and collaborations with popular IPs, which has significantly increased brand visibility and consumer engagement [4][56] - The company is expanding its distribution channels both domestically and internationally, leveraging e-commerce platforms and social media to enhance sales [7][60]

Group 1: Channel Optimization - The company is enhancing traditional online channels, solidifying its position on JD and Tmall, while increasing investments in content-driven social e-commerce platforms like Douyin and Xiaohongshu to boost sales [1] - In overseas markets, the company retains its exclusive distributor model while expanding direct online channels, increasing its influence on international e-commerce platforms such as Amazon, Rakuten, and Shopee [1] Group 2: Technology Development - The company is closely following advancements in artificial intelligence, strengthening its R&D capabilities [1] - Notable products include the MA series smart cloud speakers launched in collaboration with Alibaba in 2015, and the Dreampods series TWS earphones featuring AI bone conduction noise reduction algorithms released in 2020 [3] Group 3: Brand Building - The company announced its first brand ambassador, Wang Yibo, on September 25, 2024, leading to a 410.43% increase in sales across all platforms within the first 72 hours of the announcement [3] - The company is actively pursuing international strategies, signing two NBA players in August 2024 to enhance global brand presence [3] Group 4: New Product Series - The open-ear headphone market is rapidly growing, with the company investing significantly in this area, offering 11 models to date [3] - Recent flagship products include the NeoBuds with adaptive wideband noise cancellation and the S300 speaker, which features Hi-Fi acoustic units and achieves RMS 80W power [3]

深圳市漫步者科技股份有限公司 关于使用自有闲置资金进行委托理财的公告 证券代码：002351 证券简称：漫步者 公告编号：2025-007 深圳市漫步者科技股份有限公司 关于使用自有闲置资金进行委托理财的公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，并对公告中 的虚假记载、误导性陈述或重大遗漏承担责任。 重要内容提示： 1、委托理财种类：委托商业银行、信托公司、资产管理公司、证券公司、 基金公司、保险公司等金融机构进行投资理财的行为，包括银行理财产品、信 托公司信托计划、资产管理公司资产管理计划、证券公司、基金公司及保险公 司发行的各类产品等。 2、委托理财金额：公司及其子公司拟循环使用不超过十七亿元的自有闲置 资金进行委托理财，在前述额度内，资金可滚动使用。 3、特别风险提示：公司进行委托理财面临的主要风险包括市场波动风险及 相关工作人员的操作风险等。 深圳市漫步者科技股份有限公司（以下简称"公司"）第六届董事会第十 六次会议及第六届监事会第十三次会议于2025年2月26日召开，审议通过了 《关于使用自有闲置资金进行委托理财的议案》，拟向股东大会提请授权使用 不超过十七亿元自有闲置资金进行委托 ...

深圳市漫步者科技股份有限公司 2025 年度公司日常关联交易预计公告 证券代码：002351 证券简称：漫步者 公告编号：2025-006 深圳市漫步者科技股份有限公司 2025年度公司日常关联交易预计公告 | | | 深圳市漫步者科技股份有限公司 2025 年度公司日常关联交易预计公告 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、 日常关联交易基本情况 （一） 关联交易概述 深圳市漫步者科技股份有限公司（以下简称"本公司"）全资子公司北京爱德发 科技有限公司（以下简称"北京爱德发"）与北京爱迪发科技有限公司（以下简称"北 京爱迪发"），本公司控股子公司东莞市利发爱尔空气净化系统有限公司（以下简称 "东莞利发爱尔"）的全资子公司利发爱尔（香港）有限公司（以下简称"LIFA HK"） 与 Lifa Air Limited，本公司全资子公司爱德发国际有限公司、控股孙公司 EDIFIER ENTERPRISES CANADA INC.与 Ventmere Limited，本公司全资子公司爱德发国 际有限公司及其子公司 Edifier Japan 与凡特创选有 ...

关于召开2025年第一次临时股东大会的通知 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、 召开会议的基本情况 1、股东大会届次：公司 2025 年第一次临时股东大会 2、召集人：深圳市漫步者科技股份有限公司第六届董事会 3、会议召开的合法合规性：公司第六届董事会第十六次会议审议通过了《关于 召开 2025 年第一次临时股东大会的议案》，决定于 2025 年 3 月 27 日召开公司 2025 年第一次临时股东大会现场会议。本次股东大会的召开符合有关法律法规和 《公司章程》的规定。 深圳市漫步者科技股份有限公司 关于召开 2025 年第一次临时股东大会的通知 证券代码：002351 证券简称：漫步者 公告编号：2025-008 深圳市漫步者科技股份有限公司 4、现场会议召开日期和时间： （1）现场会议时间：2025 年 3 月 27 日（星期四）下午 14:30 起 （2）网络投票时间：通过深圳证券交易所交易系统进行网络投票的具体时间 为：2025 年 3 月 27 日 09:15~09:25，09:30~11:30，13:00~15:00；通过深圳证券 ...