Investment Rating - The investment rating for the company is "Buy" and is maintained [6]. Core Views - The controller industry is experiencing a recovery, and the company has effectively controlled costs, leading to significant improvements in operational efficiency [4][8]. - For the first three quarters of 2024, the company achieved revenue of 7.04 billion yuan, a year-on-year increase of 28.3%, and a net profit attributable to shareholders of 355 million yuan, up 6.29% year-on-year [3][4]. - The company has seen a notable improvement in cash flow from operating activities, with a net cash flow increase of 45.25% year-on-year for the first three quarters, and a staggering 609.06% increase in the third quarter alone [4]. Financial Performance Summary - In Q3 2024, the company reported revenue of 2.471 billion yuan, a year-on-year increase of 30.83%, with the controller segment contributing 2.443 billion yuan, up 29.70% [3][7]. - The net profit attributable to shareholders for Q3 2024 was 157 million yuan, reflecting an 11.90% year-on-year increase, while the non-recurring net profit was 158 million yuan, up 25.57% [3][7]. - The overall gross margin for the first three quarters was 18.11%, with a slight decrease of 0.72 percentage points year-on-year, while the Q3 gross margin improved to 19.30%, an increase of 0.27 percentage points year-on-year [8]. Profit Forecast and Investment Suggestions - The company is expected to see net profits attributable to shareholders of 518 million yuan, 710 million yuan, and 905 million yuan for 2024, 2025, and 2026 respectively, representing year-on-year growth rates of 56%, 37%, and 27% [4][10]. - The price-to-earnings (PE) ratios are projected to be 22, 16, and 12 for the years 2024, 2025, and 2026 respectively [4].

本公司及董事会全体成员保证信息披露的内容真实、准确和完整，不存在虚假 记载、误导性陈述或者重大遗漏。 深圳和而泰智能控制股份有限公司（以下简称"公司"）于2024年2月6日召开第六届 董事会第十六次会议，审议通过了《关于回购公司股份方案的议案》。同意公司使用自 有资金不少于人民币10,000万元（含），不超过人民币20,000万元（含），以集中竞价交 易方式回购公司部分A股股份，回购的股份将用于员工持股计划或股权激励，以及维护 公司价值及股东权益（其中，用于员工持股计划或股权激励的回购资金总额不低于人民 币3,000万元（含），不超过人民币5,000万元（含）；用于维护公司价值及股东权益的回 购资金总额不低于人民币7,000万元（含），不超过人民币15,000万元（含））；本次回购 价格不超过人民币18.795元/股（含），具体回购股份的数量以公司回购期满时实际回购 的股份数量为准。具体内容详见公司在《证券时报》《中国证券报》和巨潮资讯网 （www.cninfo.com.cn）上披露的相关公告。 根据《上市公司股份回购规则》《深圳证券交易所上市公司自律监管指引第9号—— 回购股份》等法律法规、规范性文件的相关 ...

证券代码：002402 证券简称：和而泰 深圳和而泰智能控制股份有限公司 投资者关系活动记录表 编号：20241101 | --- | --- | --- | |----------------|-------------------------------|-----------------------------------------------------------------------------------------------------| | | | | | 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（电话会议） | | | 参与单位名称 | | 中信建投证券、西部证券、申万宏源、天风证券、博时基 金、财通资管、东方红、华夏久盈、易方达、南方基金 | | 时间 | 2024 年 10 月 31 日 | 10:00 -11:00 | | | 2024 年 10 月 31 日 | 13:30-14:30 | | | 2024 年 10 月 ...

证券时报e公司讯，企查查APP显示，近日，深圳天域和泰智能科技有限公司成立，法定代表人为白清 利，注册资本为2000万元，经营范围包含：人工智能应用软件开发；农业机械销售；智能控制系统集 成；电子元器件制造；人工智能硬件销售；食用农产品批发；农业机械制造等。 企查查股权穿透显示，该公司由和而泰、天业节水共同持股。 ...

编号：20241030 证券代码：002402 证券简称：和而泰 深圳和而泰智能控制股份有限公司 投资者关系活动记录表 | --- | --- | --- | |----------------|----------------------------------------------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...

Investment Rating - The report maintains a "Recommended" rating for the company [1][6] Core Views - The company has shown continuous improvement in its operating performance, with a year-on-year revenue increase of 28.3% to 7.04 billion yuan in the first three quarters of 2024 [3] - The controller business segment has been a significant contributor, achieving a revenue of 6.94 billion yuan, up 30.53% year-on-year [3] - The establishment of an operational improvement team has led to enhanced operational efficiency and cost control [4] - The company has seen a notable improvement in cash flow management, with a 45.25% increase in net cash flow from operating activities year-on-year [4] Financial Summary - For the first three quarters of 2024, the company reported a net profit of 360 million yuan, reflecting a 6.29% increase year-on-year [3] - The gross margin and net margin for the first three quarters of 2024 were 18.11% and 4.62%, respectively [3] - The company expects net profits of 524 million yuan, 690 million yuan, and 856 million yuan for 2024, 2025, and 2026, respectively, with corresponding P/E ratios of 20.8, 15.8, and 12.8 [6][10] Business Performance - The company has effectively managed inventory and improved sales collection, leading to a significant increase in cash flow from operations [4] - The controller business has shown strong performance, with a revenue of 2.443 billion yuan in Q3 2024, up 29.7% year-on-year [3] - The company has implemented measures to optimize customer structure and product categories, contributing to profit growth despite cost pressures [4]

证券代码：002402 证券简称：和而泰 公告编号：2024-101 深圳和而泰智能控制股份有限公司 第六届监事会第二十一次会议决议公告 监 事 会 二〇二四年十月二十九日 深圳和而泰智能控制股份有限公司（以下简称"公司"）第六届监事会第二 十一次会议通知于2024年10月23日以专人和电子邮件的方式送达给各位监事和高 级管理人员。会议于2024年10月28日在广东省深圳市南山区科技南十路航天科技 创新研究院大厦D座10楼和而泰一号会议室以现场结合通讯表决方式召开。会议 应出席监事3名，实际出席监事3名（其中，左勤女士、汪虎山先生以通讯方式出 席），高级管理人员列席了会议。本次会议的出席人数、召集、召开程序和议事 内容均符合《中华人民共和国公司法》和《公司章程》的规定。会议由监事会主 席蒋洪波先生主持，经与会人员认真审议，形成如下决议： 1、会议以3票赞成、0票反对、0票弃权，审议通过了《2024年第三季度报 告》。 经审核，监事会认为：公司董事会编制和审核公司2024年第三季度报告的程序 符合法律、行政法规和中国证监会的有关规定，报告内容真实、准确、完整地反映 了公司的真实情况，不存在任何虚假记载、误导性陈 ...

证券代码：002402 证券简称：和而泰 公告编号：2024-103 深圳和而泰智能控制股份有限公司 关于拟变更会计师事务所暨聘任公司2024年度审计机构的公告 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。 特别提示： 1、拟聘任会计师事务所：立信会计师事务所（特殊普通合伙）； 2、原聘任会计师事务所：大华会计师事务所（特殊普通合伙）； 3、变更会计师事务所的原因及前任会计师的异议情况：综合考虑公司业务 发展和未来审计的需要，公司拟变更会计师事务所为立信会计师事务所（特殊普 通合伙）并聘任其为公司2024年度审计机构，聘期一年。公司已就本事项与前后 任会计师事务所进行充分沟通，前后任会计师事务所均已明确知悉本次变更事项 并表示无异议。 4、本次拟变更会计师事务所事项符合《国有企业、上市公司选聘会计师事 务所管理办法》等有关规定。公司审计委员会、董事会对本次变更会计师事务所 事项无异议。本次变更事项尚需提交公司股东大会审议。 深圳和而泰智能控制股份有限公司（以下简称"公司"）于2024年3月28日 召开第六届董事会第十七次会议，并于2024年4月19日召开公司 ...

Revenue and Profit - Revenue for Q3 2024 reached RMB 2.47 billion, a 30.83% year-over-year increase[4] - Cumulative revenue for the first nine months of 2024 was RMB 7.04 billion, up 28.30% year-over-year[4] - Net profit attributable to shareholders for Q3 2024 was RMB 157.38 million, an 11.90% year-over-year increase[4] - Cumulative net profit attributable to shareholders for the first nine months of 2024 was RMB 355.37 million, up 6.29% year-over-year[4] - Total revenue for the period reached 7,040,064,327.96 yuan, up from 5,487,218,766.47 yuan in the previous period[26] - Net profit attributable to parent company shareholders reached 355,365,706.04 yuan, up 6.3% year-over-year[28] - Basic earnings per share stood at 0.3814 yuan, compared to 0.3595 yuan in the same period last year[28] - Total comprehensive income reached 313,367,251.61 yuan, compared to 350,231,743.19 yuan in the same period last year[28] Controller Business Segment - Controller business segment revenue for Q3 2024 was RMB 2.44 billion, a 29.70% year-over-year increase[8] - Controller business segment net profit for Q3 2024 was RMB 161 million, a 9.78% year-over-year increase[9] Cash Flow - Operating cash flow for Q3 2024 increased by 609.06% year-over-year[12] - Operating cash flow increased by 45.25% due to higher sales collections and improved cash flow management[16] - Investment cash flow decreased by 107.29% due to reduced financial product investments and increased external investments[16] - Financing cash flow increased by 174.11% due to expanded business scale and increased borrowing[16] - Cash flow from operating activities increased to 328,808,059.25 yuan, up 45.3% year-over-year[30] - Net cash flow from investment activities was -911,943,853.13 RMB, a significant decrease compared to -439,932,055.40 RMB in the previous period[31] - Cash inflow from financing activities totaled 1,938,902,700.37 RMB, up from 1,060,760,051.34 RMB in the prior period[31] - Cash outflow from financing activities amounted to 1,588,316,688.48 RMB, compared to 932,861,258.05 RMB previously[31] - Net cash flow from financing activities was 350,586,011.89 RMB, an increase from 127,898,793.29 RMB[31] - The company's ending cash and cash equivalents balance was 895,952,102.20 RMB, slightly higher than 890,770,861.19 RMB at the end of the previous period[31] Assets and Liabilities - Total assets as of Q3 2024 were RMB 11.70 billion, a 17.44% increase from the end of the previous year[4] - Total assets increased to 11,702,922,756.29 yuan from 9,964,685,431.02 yuan at the beginning of the period[23][24][25] - Current assets totaled 7,279,841,017.01 yuan, compared to 6,221,602,622.99 yuan at the beginning of the period[23] - Non-current assets increased to 4,423,081,739.28 yuan from 3,743,082,808.03 yuan[24] - Total liabilities rose to 6,330,749,279.85 yuan from 4,681,014,283.85 yuan[25] - Owner's equity grew to 5,372,173,476.44 yuan from 5,283,671,147.17 yuan[25] - Accounts receivable increased to 2,951,103,962.47 yuan from 2,048,283,336.17 yuan[23] - Inventory rose to 2,380,437,950.75 yuan from 2,119,179,747.91 yuan[23] - Short-term borrowing increased to 996,686,010.76 yuan from 618,765,315.06 yuan[24] - Accounts payable grew to 2,566,273,419.02 yuan from 2,006,234,671.67 yuan[24] Expenses - R&D expenses for the first nine months of 2024 increased significantly, contributing to a 27.47% rise in period expenses[11] - Sales expenses increased by 33.38% due to market expansion and new customer acquisition[15] - Financial expenses surged by 140.63% due to exchange rate fluctuations and increased interest expenses[15] - Total operating costs increased to 6,649,212,429.22 yuan, up 29.7% year-over-year[27] - R&D expenses rose to 404,277,386.91 yuan, a 29.2% increase compared to the previous year[27] Investments and Acquisitions - Transactional financial assets increased by 1,861.13% due to the company's increased purchase of financial products[13] - The company plans to invest approximately RMB 1.188 billion to build a R&D and manufacturing base in Shenzhen, with the project expected to be completed and operational by December 2027[20] - The company's wholly-owned subsidiary successfully acquired a land use right for RMB 141 million, covering an area of 41,700.02 square meters in Shenzhen[21] - Investment in fixed assets, intangible assets, and other long-term assets increased to 687,185,131.64 yuan, up 25.4% year-over-year[30] Shareholder Information - The company's largest shareholder, Liu Jianwei, holds 15.94% of the shares, totaling 148,475,000 shares[17] - Hong Kong Securities Clearing Company Limited is the second-largest shareholder, holding 2.13% of the shares, totaling 19,855,241 shares[17] - As of September 30, 2024, the company repurchased 9,695,100 shares, accounting for 1.0408% of its total A shares, with a total expenditure of RMB 104,989,010.31[22] - The company changed the purpose of 5,948,400 repurchased shares from "selling through centralized bidding" to "cancellation and reduction of registered capital"[19] Other Financial Metrics - Weighted average return on equity for Q3 2024 was 3.36%, up 0.10% year-over-year[4] - Accounts receivable rose by 44.08% due to increased sales revenue[13] - Other current assets grew by 83.96% due to increased tax credits[13] - Construction in progress increased by 88.05% due to higher payments for engineering and land[13] - Short-term borrowing rose by 61.08% due to business expansion and optimized financing structure[13] - Revenue from sales of goods and services reached 5,988,412,854.89 yuan, a 26.9% increase year-over-year[30] - Payments for goods and services rose to 4,757,824,439.77 yuan, up 25.9% compared to the previous year[30] - Foreign exchange translation differences resulted in a loss of 13,076,128.31 yuan, compared to a loss of 1,135,333.07 yuan in the previous year[28] - The third quarter report was not audited[32]

证券代码：002402 证券简称：和而泰 公告编号：2024-105 深圳和而泰智能控制股份有限公司 关于实际控制人部分股份解除质押的公告 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。 深圳和而泰智能控制股份有限公司（以下简称"公司"）近日收到实际控制 人刘建伟先生的通知，获悉刘建伟先生所持有的公司部分股份办理了解除质押的 业务，具体事项公告如下： 二、股东股份累计质押的情况 截至公告披露日，刘建伟先生所持质押股份情况如下： | | | | | | | | 已质押股份 | | 未质押股份 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | 本次业 | 本次业 | | | 情况 | | 情况 | | | | | | 务办理 | 务办理 | 占其所 | 占公司 | | | | | | 股东 | 持股数量 | 持股比 | 前累计 | 后累计 | 持股份 | 总股本 | 已质押 | 占已 | 未质押 | 占未 | | | | 例 | | | | | 股份限 | ...