Core Viewpoint - The stock of Heertai has experienced a significant surge, achieving a limit-up for four consecutive trading days, indicating strong market interest and potential investor confidence [1] Stock Performance - As of 9:26 AM, the stock price reached 18.79 yuan, with a turnover rate of 2.94% and a trading volume of 23.58 million shares, amounting to a transaction value of 443 million yuan [1] - During the consecutive limit-up period, the stock has cumulatively increased by 46.34%, with a total turnover rate of 6.76% [1] - The latest total market capitalization of A-shares stands at 17.384 billion yuan, with a circulating market capitalization of 15.058 billion yuan [1] Margin Trading Data - As of November 13, the margin trading balance for the stock is 522 million yuan, with a financing balance of 520 million yuan, reflecting a decrease of 19.83 million yuan from the previous trading day, a decline of 3.67% [1] - Over the past four days, the cumulative decrease in margin trading has reached 51.99 million yuan, representing a 9.09% decline [1] Institutional Activity - The stock has appeared on the Dragon and Tiger list due to a cumulative deviation in price of 20% over three consecutive trading days [1] - Among the leading trading departments, institutional net buying amounted to 5.74 million yuan, while the Shenzhen Stock Connect recorded a cumulative net selling of 20.27 million yuan [1] - Total net buying from trading departments reached 67.02 million yuan [1] Financial Performance - According to the third-quarter report released on October 29, the company achieved total operating revenue of 7.04 billion yuan, reflecting a year-on-year growth of 28.30% [1] - The net profit for the same period was 355 million yuan, showing a year-on-year increase of 6.29% [1]

证券代码：002402 证券简称：和而泰 公告编号：2024-109 深圳和而泰智能控制股份有限公司 2024年第四次临时股东大会决议公告 本公司及董事会全体成员保证信息披露的内容真实、准确和完整，不存在虚假 记载、误导性陈述或者重大遗漏。 特别提示： 1、本次股东大会未出现否决议案的情形。 2、本次股东大会未涉及变更以往股东大会已通过的决议。 一、会议召开情况 1、会议召开时间： 二、会议出席情况 现场出席和通过网络投票的股东共1,140人，代表股份162,625,873股，占股权登记日 公司有表决权股份总数的17.6423％。 其中： （1）现场会议召开时间：2024年11月13日（星期三）下午14:30 （2）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：2024年11月13日 上午9:15-9:25和9:30-11:30，下午13:00-15:00。通过深圳证券交易所互联网投票的具体 时间为：2024年11月13日9:15-15:00期间的任意时间。 2、现场会议召开地点：广东省深圳市南山区科技南十路深圳航天科技创新研究院 大厦D座10楼和而泰一号会议室 3、会议召开方式：本次股东大会采取现场投 ...

杭州市西湖区学院路 77 号 黄龙万科中心 A 座 16 楼 邮编：310012 电话：（86-571）2689-8188 传真：（86-571）2689-8189 junhehz@junhe.com 北京君合（杭州）律师事务所 关于深圳和而泰智能控制股份有限公司 2024 年第四次临时股东大会之法律意见书 致: 深圳和而泰智能控制股份有限公司 北京君合（杭州）律师事务所（以下简称"本所"）接受深圳和而泰智能控 制股份有限公司（以下简称"公司"）委托，根据《中华人民共和国证券法》（以 下简称《证券法》）、《中华人民共和国公司法》（以下简称《公司法》）、中国证券 监督管理委员会《上市公司股东大会规则（2022 年修订）》（以下简称《股东大会 规则》）、《律师事务所从事证券法律业务管理办法》等中华人民共和国（以下简 称"中国"）现行有效的法律、行政法规、规章和规范性文件（为本法律意见书 之目的，不包括香港特别行政区、澳门特别行政区和台湾地区现行有效的法律、 行政法规、规章和规范性文件）和现行有效的《深圳和而泰智能控制股份有限公 司章程》（以下简称《公司章程》）有关规定，指派律师列席了公司于 2024 年 11 月 ...

Stock Performance - The stock of HeerTec hit the daily limit up for three consecutive trading days, with the latest price at 17.08 yuan [1] - During the three-day limit-up period, the stock price increased by 33.02% [1] - The latest A-share total market capitalization reached 15.802 billion yuan, with a circulating market capitalization of 13.688 billion yuan [1] Trading Data - The turnover rate during the three-day limit-up period was 2.53% [1] - The latest trading volume was 2.6327 million shares, with a transaction amount of 449.659 million yuan [1] - The daily limit-up order amount was 2.991 billion yuan [1] Margin Trading Data - The latest margin trading balance was 542 million yuan, with a financing balance of 540 million yuan [1] - The financing balance decreased by 15.6905 million yuan compared to the previous trading day, a decrease of 2.83% [1] - Over the past three days, the financing balance decreased by 32.1616 million yuan, a decrease of 5.63% [1] Dragon and Tiger List Data - The stock was listed on the Dragon and Tiger List once due to a cumulative deviation of 20% in three consecutive trading days [1] - Institutional investors made a net purchase of 5.7416 million yuan [1] - Shenzhen-Hong Kong Stock Connect made a cumulative net sale of 20.2651 million yuan [1] - The total net purchase by brokerage seats was 67.0244 million yuan [1]

2、截至本公告披露日，上述限制性股票已在中国证券登记结算有限责任公司深圳 分公司办理完成注销手续。 一、限制性股票激励计划已履行的程序 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、深圳和而泰智能控制股份有限公司（以下简称"公司"）本次回购注销的限制 性股票数量为350,000股，占回购注销前公司总股本的0.0378%。本次回购注销涉及9名 激励对象，回购价格为7.6593元/股。本次回购注销完成后，公司股份总数为 925,192,285股。 1、2022年11月30日，公司召开第六届董事会第三次会议和第六届监事会第三次会 议，审议通过了《关于<2022年限制性股票激励计划（草案）>及其摘要的议案》等相 关议案，公司独立董事对此发表了同意的独立意见，北京君合（杭州）律师事务所就 此事项出具了法律意见书。具体内容详见2022年12月2日登载于巨潮资讯网 证券代码：002402 证券简称：和而泰 公告编号：2024-107 深圳和而泰智能控制股份有限公司 关于部分限制性股票回购注销完成的公告 （www.cninfo.com.cn）刊登了《关于20 ...

证券代码：002402 证券简称：和而泰 公告编号：2024-108 深圳和而泰智能控制股份有限公司 股票交易异常波动公告 本公司及董事会全体成员保证信息披露的内容真实、准确和完整，没有虚 假记载、误导性陈述或者重大遗漏。 2、公司未发现近期公共传媒报道了可能或已经对公司股票交易价格产生较 大影响的未公开重大信息。 3、公司目前经营情况正常，近期公司经营情况及内外部经营环境未发生重 大变化。 4、经核查，公司、控股股东和实际控制人不存在关于本公司的应披露而未 披露的重大事项或处于筹划阶段的重大事项。 5、经核查，股票异常波动期间，控股股东、实际控制人未买卖公司股票。 三、不存在应披露而未披露信息的说明 一、股票交易异常波动的情况介绍 深圳和而泰智能控制股份有限公司（以下简称"公司"）股票（证券简称： 和而泰，证券代码：002402）于 2024 年 11 月 8 日、11 月 11 日、11 月 12 日连 续三个交易日收盘价格涨幅偏离值累计超过 20%。根据深圳证券交易所的相关 规定，属于股票交易异常波动的情况。 二、公司关注及核实情况说明 针对公司股票交易异常波动情况，公司对有关事项进行了核查，并询问了公 ...

Investment Rating - The report assigns a "Buy" rating for the company, marking its first coverage [2][5]. Core Insights - The company has shown strong revenue growth, with a 28.30% year-on-year increase in revenue for the first three quarters of 2024, amounting to 7.04 billion yuan, and a net profit of 355 million yuan, reflecting a 6.29% increase [2][3]. - The controller business segment continues to perform well, with Q3 2024 revenue reaching 2.471 billion yuan, a 30.83% year-on-year increase, driven by customer expansion and product innovation [3][4]. - The company's net profit margin has significantly improved on a quarter-on-quarter basis, with Q3 2024 net margin at 6.01%, up 2.44 percentage points from the previous quarter [4]. Financial Performance Summary - For 2024, the company is projected to achieve a net profit of 512 million yuan, representing a 54.47% increase year-on-year, with further growth expected in subsequent years [5][7]. - The company's revenue is forecasted to grow from 9.56 billion yuan in 2024 to 14.98 billion yuan in 2026, with corresponding growth rates of 27.34% and 23.87% [7][9]. - The projected earnings per share (EPS) are expected to rise from 0.55 yuan in 2024 to 0.98 yuan in 2026, indicating a positive trend in profitability [7][9].

Group 1: Company Performance Overview - In the first three quarters of 2024, the company achieved operating revenue of 7.04 billion CNY, a year-on-year increase of 28.30% [2] - The net profit attributable to shareholders was 355 million CNY, reflecting a growth of 6.29% [2] - The net profit after deducting non-recurring gains and losses was 334 million CNY, up by 7.21% [2] Group 2: Business Segment Performance - The controller business segment generated operating revenue of 2.443 billion CNY, with a year-on-year growth of 29.70% [2] - The net profit from the controller segment was 370 million CNY, an increase of 19.56% [2] - The gross profit margin for all business segments improved, with the overall gross margin recovering to over 19% in the third quarter [2] Group 3: Cost Reduction and Efficiency Improvement - The company implemented significant cost reduction measures, resulting in a notable increase in net profit in the third quarter, particularly in the controller segment, which saw over 50% quarter-on-quarter growth [5] - Efforts included optimizing processes, digital transformation, and supply chain management to enhance operational efficiency [5] Group 4: Market Position and Strategy - The smart controller market is large and fragmented, with increasing competition; however, the company maintains a competitive edge through R&D capabilities and global operational layout [3][4] - The company aims to expand its market share by enhancing product offerings and penetrating new domestic and international clients [4] Group 5: Future Outlook - The company plans to focus on improving operational quality, including governance, profit margins, and cash flow management, to ensure sustainable growth [3] - The automotive electronics business is expected to maintain high growth rates due to a strong order backlog and ongoing client acquisition [5]

Investment Rating - The investment rating for the company is "Buy" (maintained) [9] Core Views - The company has shown stable revenue growth with a slight recovery in gross margin. In Q3 2024, the company achieved revenue of 2.471 billion yuan, a year-on-year increase of 30.83%, and a net profit attributable to shareholders of 157 million yuan, up 11.90% year-on-year. The controller business segment generated revenue of 2.443 billion yuan, a 29.70% increase year-on-year, and a net profit of 370 million yuan, up 19.56% year-on-year [8] - The company has strengthened its cost control through the establishment of an operational improvement team, while maintaining stable R&D investment. In the first three quarters of 2024, the company's period expenses increased by 27.47% year-on-year, with R&D expenses rising by 45.07% year-on-year [8] - The company is expected to benefit from industry expansion and increasing concentration, with projected revenues of 9.477 billion yuan, 11.876 billion yuan, and 14.830 billion yuan for 2024, 2025, and 2026 respectively, and net profits of 518 million yuan, 765 million yuan, and 996 million yuan for the same years [9] Summary by Sections Company Overview - As of November 6, 2024, the latest closing price is 11.99 yuan, with a 12-month A-share price range of 8.79-14.47 yuan. The total share capital is 925.54 million shares, with a circulating market value of 9.609 billion yuan [6][7] Financial Performance - For the first nine months of 2024, the company achieved a total revenue of 7.040 billion yuan, a year-on-year increase of 28.30%, and a net profit attributable to shareholders of 355 million yuan, up 6.29% year-on-year. The gross margin for Q3 2024 was 19.30%, an increase of 0.27 percentage points year-on-year [8] Future Projections - The company is projected to have a revenue growth rate of 25.8% in 2024, with net profit growth expected to be 56.4% [10]

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 ...