Group 1: Company Performance Overview - The company reported significant revenue growth in the first half of 2014 compared to the same period last year, attributed to stable business growth and increased R&D investment [1] - The profit growth was limited due to higher R&D spending, increased marketing efforts, rising salary costs, and depreciation from new equipment [1] - The company expects a performance increase of 5%-35% for the period of January to September 2014, considering the impact of a stock incentive plan [1] Group 2: R&D and Market Expansion - The company is increasing R&D investment and expanding its customer base, collaborating with notable companies like Xiaomi, Qihoo 360, Haier, Samsung, and Gree in emerging product areas [2] - New products include mobile power supplies, portable Wi-Fi, wireless modules, and 4G gateways, aligning with trends in smart products and wearable devices [2] - The company is advancing automation in production processes to enhance efficiency, control costs, and improve product quality [2] Group 3: Client Relationships and Revenue Sources - The top five clients contributing to revenue in the first half of 2014 were Huawei, Medion, Shanghai Bell, Zimi Electronics, and ZTE [3] - Huawei has the longest partnership with the company, covering various product areas including DSL, PON, and routers [3] - The company anticipates increased sales from Medion's tablet demand in the upcoming peak season [3] Group 4: Financial Performance and Strategies - The gross profit margin decreased in the first half of 2014, prompting the company to focus on cost control and performance assessment to improve margins [4] - The company is in a growth phase, requiring ongoing investment in R&D and market expansion to enhance performance [4] - The company has plans for potential mergers and acquisitions based on operational needs and will comply with legal disclosure requirements [4] Group 5: Market Position and Future Outlook - The establishment of a production base in Tianjin aims to expand business reach and leverage regional advantages [4] - The company is well-positioned to meet the growing demand for smart home products, having developed Wi-Fi and Bluetooth modules for collaboration with major brands [4] - The company recognizes the importance of market capitalization management and aims to improve its practices to reflect actual business performance [5]

Company Overview - Shenzhen Zhuoyue Technology Co., Ltd. was established in February 2004 and listed on the Shenzhen Stock Exchange in 2010. The main business includes R&D, manufacturing, and sales of network communication and consumer electronics products, adhering to the "ODM+EMS" business model [1] - The company has developed customer, quality, technology, and service advantages, establishing a sustainable innovation management team [1] Product Categories and Revenue - The company's products are divided into two main categories: network communication products and consumer electronics. Network communication products account for a significant portion of overall revenue, while consumer electronics have seen rapid growth, particularly with the successful acquisition of Double Power, enhancing sales of tablets under the brand "DOPO" in the U.S. [2] - According to the 2014 semi-annual report, the revenue from consumer electronics has nearly doubled in proportion to total revenue compared to two years ago, improving overall profitability [2] Clientele and Product Segmentation - Major network communication products include DSL, gateways, routers, and data cards, with key clients such as Huawei, ZTE, and D-LINK. Consumer electronics include smartphones and tablets, primarily sold to Lenovo, OPPO, and others [2] - The company has made significant strides in smart home and wearable technology, collaborating with Samsung and Gree, and producing Xiaomi smart bands through its subsidiary Tianjin Zhuoda [3] Major Clients - The top five clients in the first half of 2014 were Huawei, Medion, Shanghai Bell, Zimi Electronics, and ZTE. Each client has specific collaboration areas, such as DSL and mobile power production [3] Production Capacity - The company operates nearly 60 SMT production lines, with production capacity in Shenzhen becoming tight. To alleviate this, seven SMT lines have been rented from Tianjin Zhuoda [4] - The company is actively promoting smart factory planning and implementing 5S visualization management to enhance production efficiency [4] Financial Performance and Cost Management - The company experienced significant revenue growth in the first half of 2014, but expenses also increased due to higher R&D investment, new client acquisition, and depreciation costs from new equipment [4] - To control costs while maintaining revenue growth, the company is adjusting its business model, upgrading production lines, and enhancing performance evaluation systems [4] Market Risks - The primary risk affecting sales expectations is market variability, particularly in consumer electronics, which are subject to rapid changes in consumer preferences and technology updates [5]

调研内容：主要以问答方式展开（14:00~16:00） 深圳市卓翼科技股份有限公司 投资者调研会议记录 来访时间：2014 年 9 月 19 日 14:00~16:00 会谈地点：卓翼科技内部会议室 调研机构：上海正享投资管理有限公司 接待人员：董事会秘书魏代英女士 出席人员：魏代英女士，刘芷然女士 记录人员：刘芷然女士 一、问：公司现有多少条 SMT 生产线？目前产能利用情况如何？ 答：公司共有近 60 条 SMT 生产线，主要为松下双轨高精密度 SMT 生产 线。公司所购置的 SMT 生产线均为柔性生产线，可以承接各类高精度电子产品 的生产制造需求，亦能够同时满足不同类别电子产品同时上线的制造需求。 根据近期与生产部门了解到的情况来看，目前深圳产区的产能趋于紧张， 天津厂区投入使用的时间尚短，相对深圳产能略有富余，因此，公司为暂时缓 解深圳产能压力，除继续向天津卓达租用二期项目的两条 SMT 生产线外，再增 加租用五条 SMT 生产线，以从整体上充分提高现有设备的利用率。 二、问：公司主要产品及其客户有哪些？采用何种模式合作？ 答：公司的产品线宽，业务模式多样，主要采用 EMS、ODM 模式，此外 还有 ...

证券代码：002369 证券简称：卓翼科技 深圳市卓翼科技股份有限公司投资者关系活动记录表 编号：2014-06 | --- | --- | --- | |------------------------|------------------------------|--------------------------------------------------------| | | | | | 投资者关系活动 | √ 特定对象调研 | □ 分析师会议 | | 类别 | □ 媒体采访 | □ 业绩说明会 | | | □ 新闻发布会 | □ 路演活动 | | | □ 现场参观 | | | | □ | 其他 （请文字说明其他活动内容） | | 参与单位名称及 | 麦格理资本证券股份有限公司 | | | 人员姓名 | | | | 时间 | 2014 年 9 月 26 日 | | | 地点 | 卓翼科技六楼内部会议室 | | | 上市公司接待人 | | 董事会秘书魏代英女士、证券事务代表刘芷然女士 | | 员姓名 | | | | 投资者关系活动 | | 主要以问答方式展开，逐一回答了投资者关于公司产品、客户 | ...

证券代码：002369 证券简称：卓翼科技 深圳市卓翼科技股份有限公司投资者关系活动记录表 编号：2015-003 | --- | --- | --- | |-----------------------|--------------------------|-------------------------------------------------------------------------------------------------------------------------------------| | | | | | 投资者关系活动 | √ 特定对象调研 | □ 分析师会议 | | 类别 | □ 媒体采访 | □ 业绩说明会 | | | □ 新闻发布会 | □ 路演活动 | | | □ 现场参观 | □ 其他 | | 参与单位名称及 | 林；中融国际信托 | 海通证券--彭虎；广州证券--詹础、周鹏宇；金元证券 -- 骆 -- 马淑娟；广金投资--蔡振宇；上海玖歌投 | | 人员姓名 | 资 -- 峰；华润元大基金 | 朱世祥；华安基金--介勇虎；创金合信基金--周志敏；艾 瑞资本- ...

编号：2014-07 证券代码：002369 证券简称：卓翼科技 深圳市卓翼科技股份有限公司投资者关系活动记录表 | --- | --- | --- | |------------------------|-------------------------------|--------------------------------------------------------| | | | | | 投资者关系活动 | √ 特定对象调研 | □ 分析师会议 | | 类别 | □ 媒体采访 | □ 业绩说明会 | | | □ 新闻发布会 | □ 路演活动 | | | □ 现场参观 | | | | □ | 其他 （请文字说明其他活动内容） | | 参与单位名称及 | | 招商证券股份有限公司、瀚信资产管理有限公司、上海执力股 | | 人员姓名 | | 权投资管理有限公司、北京浦来德资产管理有限责任公司、鹏 | | | | 华基金管理有限公司、深圳长润资产管理有限公司广东融亨资 | | | 本管理有限公司 | | | 时间 | 2014 年 10 月 30 日 | | | 地点 | 卓翼科技六楼第一会议室 | | ...

深圳市卓翼科技股份有限公司 投资者调研会议记录 来访时间：2014 年 10 月 30 日 14:00~15:30 会谈地点：卓翼科技内部会议室 调研机构：招商证券股份有限公司、瀚信资产管理有限公司、上海执力股权投 资管理有限公司、北京浦来德资产管理有限责任公司、鹏华基金管理有限公司、 深圳长润资产管理有限公司广东融亨资本管理有限公司 接待人员：董事会秘书魏代英女士 出席人员：魏代英女士，刘芷然女士 记录人员：刘芷然女士 调研内容：主要以问答方式展开（14:00~15:30） 一、问：请介绍一下公司的整体情况。 答：公司于 2004 年 2 月成立，2010 年在深圳证券交易所上市，主营业 务 为 研 发 、 制 造 、 销 售 网 络 通 讯 类 和 消 费 电 子 类 等 产 品 ； 坚 持 以 "ODM+EMS"为主的业务模式，不断提升研发、精密制造与管理能力。 经过多年的努力，公司已经形成了自身的客户优势、品质优势、技术优势、 服务优势，建立了可持续创新的管理团队。面对复杂和日益激烈的竞争环境， 在对华为、中兴、阿尔卡特贝尔、联想等老客户深耕细作的同时，进一步拓展 新客户、新业务，与紫米、华米、奇虎 ...

深圳市卓翼科技股份有限公司 投资者调研会议记录 来访时间：2014 年 11 月 12 日 14:00~15:30 会谈地点：卓翼科技内部会议室 调研机构：国信证券股份有限公司、中国银河证券股份有限公司、国金证券股 份有限公司、深圳福润金融服务有限公司 接待人员：董事会秘书魏代英女士 出席人员：魏代英女士，刘芷然女士 记录人员：刘芷然女士 调研内容：主要以问答方式展开（14:00~15:30） 一、问：2014 年前三季度，公司营业收入同比增长 87.8%，但是归属上 市公司股东净利润却同比下滑了 18.72%，请问主要原因是什么？ 答：2014 年三季度，公司的营业收入水平进一步提高，较上年同期增长 87.8%，但由于成本、费用的增长幅度大于收入的增长幅度，三季度的利润水 平较上年同期有所下降，主要有以下几方面因素：(1)公司加大了对平板电脑、 智能手机、智能穿戴设备、智能家居等新兴产品的研发投入，致使研发费用大 幅增加；(2)公司整体销售前景良好，订单量增幅快速，但受制于阶段性的人工 短缺，致使部分高毛利订单的交期后移；(3) 加大了市场业务推广和企业管理， 以及公司为激励对象授予限制性股票增加了一定的薪 ...