%% %% 丨证券研究报告丨 公司研究丨点评报告丨和而泰（002402.SZ） [Table_Title] 和而泰 2024 年三季报业绩点评： 控制器板块实现高增，费用管控成效显著 | --- | --- | --- | --- | |------------------------------------------------------------------------------------------------------|-------|-------|-------| | | | | | | 报告要点 | | | | | [Table_Summary] 控制器行业景气度回暖，同时在汇率波动较大、计提各项费用的背景下，公司降本增效、提升 | | | | 分析师及联系人 [Table_Author] 于海宁 李烨 SAC：S0490517110002 SAC：S0490523040001 SFC：BUX641 请阅读最后评级说明和重要声明 和而泰（002402.SZ） cjzqdt11111 2024-11-03 公司研究丨点评报告 相关研究 [Table_Title 和而泰 20242]年三 ...

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 | --- | --- | --- | |----------------|----------------------------------------------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...

公 司 报 告 公 司 季 报 点 评 证 券 研 究 报 告 2024年10月29日 电子 和而泰(002402.SZ) 各业务持续向好，经营业绩不断改善 推荐 ( 维持) 事项： 股价:11.79元 | --- | --- | |--------------------------------|-------------------| | 行业 | 电子 | | 公司网址 | www.szhittech.com | | 大股东 / 持股 | 刘建伟 /15.94% | | 实际控制人 | 刘建伟 | | 总股本 ( 百万股 ) | 926 | | 流通 A 股 ( 百万股 ) | 801 | | B/H ( ) | | | 流通 股 百万股 总市值 ( 亿元 ) | 109 | | 流通 A 股市值 ( 亿元 ) | 94 | | 每股净资产 ( 元 ) | 5.04 | | 资产负债率 (%) | 54.1 | | 行情走势图 | | 相关研究报告 【平安证券】和而泰（002402.SZ）*半年报点评*控 制器基本盘稳步推进，汽车电子业务加速发展*推荐 20240824 【平安证券】和而泰（002402 ...

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 编号：20240909 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 | --- | --- | --- | |-----------------------|---------------------------------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------| | 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、兴全基金、华安基金、 京、明诚私募 | UBS 、趣时资产、第一北 | | 时间 | 2024 年 9 月 9 日 | 11:00 -12:00 | | 地点 ...

证券研究报告 | 公司动态点评 2024 年 08 月 28 日 和而泰（002402.SZ） 24H1 各业务板块实现稳健增长，全球化布局助力公司发展 | --- | --- | --- | --- | --- | --- | --- | --- | |--------------------------------------------|-------|-------|-------|--------|--------|------------------------------------------|----------| | 财务指标 | 2022A | 2023A | 2024E | 2025E | 2026E | 买入（维持评级） | | | 营业收入（百万元） | 5,965 | 7,507 | 9,576 | 12,100 | 14,941 | 股票信息 | | | 增长率 yoy （ % ） | -0.3 | 25.8 | 27.6 | 26.4 | 23.5 | | | | 归母净利润（百万元） | 438 | 331 | 545 | 736 | 956 | 行业 | 电子 | | 增 ...

证券研究报告 非金融公司|公司点评|和而泰（002402） 2024 年半年报点评： 智能控制器业务高增，全球布局优势凸 显 请务必阅读报告末页的重要声明 glzqdatemark1 2024年08月26日 证券研究报告 |报告要点 公司发布 2024 年半年度报告，营业收入为 45.69 亿元，同比增长 26.97%；归母净利润为 1.98 亿元，同比增长 2.21%；扣非归母净利润为 1.76 亿元，同比下降 5.26%。智能控制器业务高 增，T/R 芯片短期影响利润。家电控制器具备较大优势，提升全球化运营能力。汽车电子业务 板块高增，驱动公司业绩增长。鉴于公司营收快速增长，给予公司"买入"评级。 |分析师及联系人 张宁 张建宇 SAC：S0590523120003 SAC：S0590524050003 请务必阅读报告末页的重要声明 1 / 5 非金融公司|公司点评 glzqdatemark2 2024年08月26日 和而泰(002402) 2024 年半年报点评： 智能控制器业务高增，全球布局优势凸显 | --- | --- | |------------|----------------------| ...

公 司 报 告 证 券 研 究 报 告 2024年08月24日 电子 和而泰(002402.SZ) 控制器基本盘稳步推进，汽车电子业务加速发展 推荐 ( 维持) 事项： 股价:9.22元 | --- | --- | |------------------------------------------|-------------------| | 行业 | 电子 | | 公司网址 | www.szhittech.com | | 大股东 / 持股 | 刘建伟 /15.94% | | 实际控制人 | 刘建伟 | | 总股本 ( 百万股 ) | 931 | | 流通 A 股 ( 百万股 ) | 807 | | 流通 B/H 股 ( 百万股 ) | | | | | | 总市值 ( 亿元 ) 流通 A 股市值 ( 亿元 ) | 86 74 | | | | | 每股净资产 ( 元 ) 资产负债率 (%) | 4.87 53.1 | | 行情走势图 | | | | | 相关研究报告 【平安证券】和而泰（002402.SZ）*季报点评*控制 器业务持续向好，库存消化速度加快*推荐20231029 证券分析师 付强 | --- ...