Group 1 - The company approved a guarantee for its subsidiary Shenzhen Heertai New Materials Technology Co., Ltd. to support its financing needs, allowing for a credit limit of RMB 5 million from China Bank [2][3] - The total guarantee amount for the subsidiary increased from RMB 15 million to RMB 20 million after this new guarantee, leaving a remaining guarantee capacity of RMB 10 million [3] - The subsidiary was established on August 26, 2021, with a registered capital of RMB 20 million, and operates in electronic products sales and manufacturing [4] Group 2 - The company has a total approved guarantee amount of RMB 322 million and USD 8 million, with actual guarantees provided totaling RMB 65 million and approximately USD 256,230, which is about 14.27% of the company's net assets as of December 31, 2024 [7] - There are no overdue guarantees or guarantees involving litigation, and all guarantees are provided to subsidiaries within the consolidated financial statements [7] - The company has established a framework for risk control by requiring other shareholders of the subsidiary to provide counter-guarantees proportional to their investment [6][7]

证券代码：002402 证券简称：和而泰 公告编号：2025-047 深圳和而泰智能控制股份有限公司 关于为控股子公司提供担保的进展公告 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、误导性陈述或者重大遗漏。 一、担保情况概述 深圳和而泰智能控制股份有限公司（以下简称"公司"）于 2025 年 4 月 21 日召 开第六届董事会第二十五次会议，于 2025 年 5 月 14 日召开 2024 年年度股东大会审 议通过了《关于为子公司及孙公司提供担保的议案》，同意公司为合并报表范围内的 控股子公司深圳和而泰新材料科技有限公司(以下简称"新材料")提供担保，担保范 围包括但不限于申请银行授信、贷款、开具保函、开立信用证、履约担保、银行承兑 汇票等。担保种类包括但不限于保证、抵押、质押、反担保等。担保额度的有效期自 公司股东大会审议通过之日起一年内，担保额度在授权期限内可循环使用。具体内容 详见公司于 2025 年 4 月 23 日刊载在《中国证券报》《证券时报》和巨潮资讯网 （www.cninfo.com.cn）的《关于为子公司及孙公司提供担保的公告》（公告编号：2025- 024）。 ...

Investment Rating - The report assigns an "Accumulate" rating for the company, marking it as the first coverage with a target price range of 22.73 to 26.52 CNY, corresponding to a valuation of 30-35 times earnings for 2025 [5]. Core Viewpoints - The company is a leading player in the controller industry, with a strong focus on AI integration and intelligent development, indicating robust growth momentum [1][4]. - The smart controller market in China is expected to grow by 12.10% in 2024, significantly outpacing global growth rates, positioning the company as a key player in this expanding market [2][47]. - The company has achieved substantial revenue growth, with Q1 2025 revenue reaching 2.585 billion CNY, a 30.44% increase year-on-year, and net profit growing by 75.41% to 169 million CNY [1][4]. Summary by Sections 1. Company Overview - The company has over 20 years of experience in the smart controller sector, with a diverse operational structure that includes 22 service centers, 5 R&D centers, and 9 manufacturing bases globally, with 30% of production capacity located overseas [1][14]. - The company holds over 2,000 core patents, showcasing its strong R&D capabilities and extensive product applications across various sectors including home appliances, electric tools, and automotive electronics [1][14]. 2. Market Growth and Trends - The smart controller market is projected to grow significantly, with the automotive electronics sector expected to see a 47.97% increase in revenue to 816 million CNY in 2024 [2][48]. - The demand for smart home appliances is on the rise, with the retail sales of all home appliance categories in China expected to reach 907.1 billion CNY in 2024, reflecting a 6.4% growth [2][56]. 3. Financial Performance - The company’s revenue is forecasted to grow from 75.07 billion CNY in 2023 to 96.59 billion CNY in 2024, with a year-on-year growth rate of 28.66% [4][28]. - The net profit attributable to the parent company is expected to increase significantly, with projections of 700.82 million CNY in 2025, representing a 92.38% growth from the previous year [4][28]. 4. R&D and Innovation - The company invests heavily in R&D, with expenditures reaching 619 million CNY in 2024, accounting for 6.40% of total revenue, and aims to maintain a strong technological edge in the industry [33][34]. - The integration of AI technologies into product offerings is a key focus, with initiatives like the "Perception Plan" for interactive technologies and collaborations with tech firms to enhance product capabilities [3][39]. 5. Customer Base and Partnerships - The company has established a diverse customer base, partnering with renowned global brands such as Haier, Whirlpool, and BYD, which enhances its market position and credibility [40][42]. - Recognition from industry partners, such as the "Outstanding Partner Award" from Haier, underscores the company's reliability and quality in the smart controller market [42].

Group 1 - The core index of the CSI 1000 Information Technology Index is reported at 9130.36 points, with a one-month increase of 6.25%, a three-month increase of 11.71%, and a year-to-date increase of 7.69% [1] - The CSI 1000 Index series selects liquid and representative securities from each industry, forming 10 industry indices to provide diversified investment targets [1] - The top ten holdings of the CSI 1000 Information Technology Index include: O-film (2.69%), Huahong Semiconductor (1.54%), Heertai (1.42%), Siwei Tuxin (1.39%), Sifang Jichuang (1.33%), Jingfang Technology (1.27%), Chipone (1.25%), Weining Health (1.24%), Anji Technology (1.24%), and Tuobang Co. (1.2%) [1] Group 2 - The market share of the CSI 1000 Information Technology Index holdings is 57.12% from the Shenzhen Stock Exchange and 42.88% from the Shanghai Stock Exchange [1] - The industry composition of the index holdings includes: Software Development (24.50%), Integrated Circuits (19.58%), Optical Electronics (14.73%), IT Services (12.38%), Semiconductor Materials and Equipment (9.51%), Electronic Components (7.54%), Electronic Terminals and Components (7.10%), Other Electronics (2.08%), Electronic Chemicals (1.84%), and Discrete Devices (0.73%) [2] - The index sample is adjusted every six months, with adjustments implemented on the next trading day after the second Friday of June and December, and temporary adjustments may occur under special circumstances [2]

Group 1 - The company expects to achieve a turnaround in profitability and a positive growth trend in its operating performance for the period from January 1, 2025, to June 30, 2025 [2] - The company has communicated with its auditing firm regarding the performance forecast, and there are no discrepancies between the two parties [2][3] - The company attributes its performance improvement to enhanced management practices, strategic deployment, market expansion efforts, and optimization of customer and product structures, leading to increased revenue and gross profit [3] Group 2 - The company has implemented measures to control costs and optimize processes, which contributed to the growth in net profit [3] - Organizational restructuring and talent assessment have been conducted to improve operational efficiency and digital capabilities [3]

[Current Period Performance Forecast](index=1&type=section&id=%E4%B8%80%E3%80%81%E6%9C%AC%E6%9C%9F%E4%B8%9A%E7%BB%A9%E9%A2%84%E8%AE%A1%E6%83%85%E5%86%B5) The company anticipates net profit attributable to shareholders for the first half of 2025 to be between 327 million and 366 million yuan, representing a 65% to 85% year-on-year increase, with non-recurring profit/loss adjusted net profit expected to grow by 80% to 100% Key Performance Indicators for H1 2025 Performance Forecast | Item | Current Reporting Period (Jan 1 - Jun 30, 2025) | Prior Period | | :--- | :--- | :--- | | **Net Profit Attributable to Shareholders of Listed Company** | **Profit: 326.6715 million — 366.2680 million yuan** | Profit: 197.9827 million yuan | | Year-on-Year Growth | 65% — 85% | - | | **Net Profit After Deducting Non-Recurring Gains and Losses** | **Profit: 316.3685 million — 351.5206 million yuan** | Profit: 175.7603 million yuan | | Year-on-Year Growth | 80% — 100% | - | | **Basic Earnings Per Share** | **Profit: 0.3530 — 0.3958 yuan/share** | Profit: 0.2125 yuan/share | [Communication with Accounting Firm](index=1&type=section&id=%E4%BA%8C%E3%80%81%E4%B8%8E%E4%BC%9A%E8%AE%A1%E5%B8%88%E4%BA%8B%E5%8A%A1%E6%89%80%E6%B2%9F%E9%80%9A%E6%83%85%E5%86%B5) The company has pre-communicated the performance forecast with its annual auditing accounting firm, confirming no disagreements, though this forecast remains unaudited - The data in this performance forecast is unaudited by the accounting firm, but the company has pre-communicated with the auditing institution with no discrepancies[4](index=4&type=chunk) [Explanation of Performance Changes](index=1&type=section&id=%E4%B8%89%E3%80%81%E4%B8%9A%E7%BB%A9%E5%8F%98%E5%8A%A8%E5%8E%9F%E5%9B%A0%E8%AF%B4%E6%98%8E) The performance growth in the first half of 2025 is primarily attributed to the effective implementation of various operational and management initiatives, including market expansion, cost control, gross margin improvement, and enhanced organizational efficiency - The company achieved sustained and stable revenue growth and economies of scale by intensifying market expansion efforts[5](index=5&type=chunk) - Gross margin improved through optimizing customer and product structures, establishing special teams to reduce raw material costs, and refining processes[5](index=5&type=chunk)[6](index=6&type=chunk) - On the expense side, the company strengthened refined management and exchange rate risk control, ensuring necessary investments in R&D and marketing while achieving net profit growth[6](index=6&type=chunk) - Organizational efficiency and management effectiveness were enhanced through organizational structure optimization, talent inventory, and digital transformation initiatives[6](index=6&type=chunk) [Risk Warning](index=2&type=section&id=%E5%9B%9B%E3%80%81%E9%A3%8E%E9%99%A9%E6%8F%90%E7%A4%BA) The company advises that this performance forecast is a preliminary estimate by the finance department, and final accurate financial data will be subject to the officially disclosed '2025 Semi-Annual Report', cautioning investors about investment risks - This performance forecast represents preliminary estimates by the company's finance department, with final specific financial data subject to the company's officially disclosed '2025 Semi-Annual Report'[7](index=7&type=chunk)

Group 1 - The company Heertai (002402) announced an expected net profit attributable to shareholders of 327 million to 366 million yuan for the period from January 1, 2025, to June 30, 2025, representing a growth of 65% to 85% compared to the same period last year, which was 198 million yuan [1] - The net profit after deducting non-recurring gains and losses is expected to be between 316 million and 352 million yuan, an increase of 80% to 100% from the previous year's 176 million yuan [1] - The basic earnings per share are projected to be between 0.353 yuan and 0.3958 yuan, compared to 0.2125 yuan per share in the same period last year [1]

证券代码：002402 证券简称：和而泰 公告编号： 2025-045 涉及业绩补偿义务。 （股） | （股） | ） | | ） | | | | --- | --- | --- | --- | --- | --- | | 刘建伟 | | 15.0000 | | 59.9371 | 8.9906 | | 合计 | | 15.0000 | | 59.9371 | 8.9906 | 注：刘建伟先生持有公司股份中111,561,675股为高管锁定股。 三、股份质押情况说明 比例3.6033%，占公司总股本比例0.5405%，对应融资余额5,000万元；未来一年内 到期的质押股份累计数量为5,925万股，占其所持股份比例42.6990%，占公司总股 本比例6.4048%，对应融资余额51,000万元。刘建伟先生具备相应的资金偿还能力， 还款资金来源为其自筹资金或其他融资。 其最近一年又一期与公司不存在资金往来、关联交易、担保等重大利益往来情况， 不存在侵害公司利益的情形。 | 2025-045 | | | | | | | | | | | | --- | --- | --- | --- | --- | --- | -- ...

证券代码：002402 证券简称：和而泰 公告编号：2025-045 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： | 股东 | 是否为控股 股东或第一 | 本次解除质 押股份数量 | 占其所持 股份比例 | 占公司总 股本比例 | 起始日 | | 解除日期 | 质权人 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 名称 | 大股东及其 | | | | | | | | | | 一致行动人 | (股) | （%） | （%） | | | | | | | 是 | 2,920,000 | 2.1043 | 0.3156 | 2025 | 年 3 | | 云南国 | | | | | | | 月 12 | 日 | | | | 刘建伟 | | 5,000,000 | ...

证券代码：002402 证券简称：和而泰 公告编号：2025-044 深圳和而泰智能控制股份有限公司 关于为子公司提供担保的进展公告 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、误导性陈述或者重大遗漏。 一、担保情况概述 1、基本情况 被担保人 名称 成立 日期 注册地点 法定代 表人 注册 资本 经营范围 产权 关系 深圳和而 泰小家电 智能科技 有限公司 2016 年1 月21 日 深圳市光 明新区公 明街道模 具基地根 玉路和而 泰工业园 研发楼3 层 刘建伟 人民 币 2,000 万元 一般经营项目是：智能家电、家用电器、计算 机、光机电一体化产品、汽车电子产品、机械电 子器具、净水处理设备、压缩机、电机、个人护 理设备及其控制器的软硬件的设计、技术开发、 技术服务及销售；电子元器件销售；国内贸易； 货物及技术进出口。许可经营项目是：医疗电子 产品的软硬件设计、技术开发、技术服务、生产 及销售；智能家电、家用电器、计算机、光机电 一体化产品、汽车电子产品、机械电子器具、净 水处理设备、压缩机、电机、个人护理产品及其 控制器的硬件的生产。 公司 持股 100% 深圳和而 泰 ...