证券代码：002429 证券简称：兆驰股份 公告编号：2024-026 深圳市兆驰股份有限公司 2023年年度股东大会决议公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假记 载、误导性陈述或重大遗漏。 特别提示： 1、本次股东大会未出现否决议案的情形。 2、本次股东大会不涉及变更前次股东大会决议。 3、本次股东大会采用现场投票及网络投票相结合的方式召开。 4、对于涉及中小股东利益的重大事项，公司对中小股东表决采取单独计票。 一、会议召开情况 1、会议召集人：公司董事会。 2、会议方式：本次股东大会采用现场投票及网络投票相结合的方式。 3、会议召开时间： （1）现场会议时间：2024 年 5 月 9 日（星期四）14:30 （2）网络投票时间：2024 年 5 月 9 日 4、现场会议召开地点：深圳市龙岗区布澜路 128 号兆驰集团大厦 B 座 5 楼会 议室 5、会议主持人：董事长 顾伟 先生 6、会议的通知：公司于 2024 年 4 月 13 日在《中国证券报》《上海证券报》 《证券时报》《证券日报》及巨潮资讯网刊载了《关于召开 2023 年年度股东大会的 通知》。 会议的召集、召开 ...

证券代码：002429 证券简称：兆驰股份 公告编号：2024-025 深圳市兆驰股份有限公司 关于对控股子公司提供日常经营担保的进展公告 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、误导性陈述或重大遗漏。 一、担保情况概述 深圳市兆驰股份有限公司（以下简称"公司"）分别于 2024 年 1 月 12 日、2024 年 4 月 18 日召开第六届董事会第九次会议、2024 年第一次临时股东大会，审议通 过了《关于对控股子公司提供担保的议案》，同意公司为控股子公司广东兆驰瑞谷 通信有限公司（以下简称"兆驰瑞谷"）与下游客户开展业务过程中下游客户对兆 驰瑞谷形成的全部债权按持股比例提供最高额保证担保，保证最高限额为不超过人 民币 10,000 万元，保证范围包括但不限于主债权、利息、违约金、损害赔偿金、实 现权利救济所产生的费用等，保证期限为不超过 3 年。具体担保金额、担保期限和 担保方式等担保事项最终以公司向下游客户出具的实际担保函为准。具体内容详见 公司于 2024 年 1 月 16 日、2024 年 4 月 19 日在巨潮资讯网（www.cninfo.com.c n） 上披露 ...

证券代码：002429 证券简称：兆驰股份 公告编号：2024-024 深圳市兆驰股份有限公司 关于完成工商变更登记的公告 特此公告。 深圳市兆驰股份有限公司 董 事 会 二〇二四年五月六日 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、误导性陈述或重大遗漏。 深圳市兆驰股份有限公司（以下简称"公司"）分别于2024年4月1日、2024年4 月18日召开第六届董事会第十次会议、2024年第一次临时股东大会，审议通过了《关 于变更经营范围及修订<公司章程>的议案》，同意公司变更经营范围并对《公司章 程》的部分条款进行修订。具体内容详见公司于2024年4月3日、2024年4月19日在巨 潮资讯网（www.cninfo.com.cn）上披露的《关于变更经营范围及修订《公司章程》 的公告》《2024年第一次临时股东大会决议公告》等相关公告。 近日，公司完成了上述相关事项的工商变更登记手续，并领取了深圳市市场监 督管理局出具的《登记通知书》。 ...

证券代码：002429 证券简称：兆驰股份 公告编号：2024-023 深圳市兆驰股份有限公司 关于为下属子公司申请综合授信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、误导性陈述或重大遗漏。 二、 担保进展情况 近日，公司作为保证人与中国农业银行股份有限公司南昌高新支行（以下简称 "农业银行"）签署了《保证合同》，公司对全资子公司江西兆驰半导体有限公司 （以下简称"兆驰半导体"）向农业银行申请3亿元流动资金借款提供连带责任保证。 一、 担保情况概述 深圳市兆驰股份有限公司（以下简称"公司"）分别于 2023 年 4 月 10 日、 2023 年 5 月 5 日召开第六届董事会第三次会议、2022 年年度股东大会，审议通过 了《关于为下属子公司申请综合授信提供担保的议案》，同意公司为下属子公司申 请综合授信提供担保，担保金额为不超过人民币 720,000 万元、美元 1,000 万元， 具体担保金额、方式、范围、期限等以相关合同约定为准，担保额度可在子公司之 间按照实际情况调剂使用，担保额度有效期限自公司 2022 年年度股东大会审议通 过之日起至 2023 年 ...

[Table_StockInfo] 买入 2024年 04月 26日 （维持） 证券研究报告•2024年一季报点评 当前价： 5.46元 兆驰股份（002429） 家用电器 目标价： ——元（6个月） ODM 高基数下回落，LED 利润贡献过半 投资要点 西南证券研究发展中心 [T a事ble件_S：u公m司ma发ry布] 2024年一季报，公司实现营收 41.1亿元，同比+11.1%；实现 [分Ta析bl师e_：Au龚th梦or泓] 归母净利润4.1亿元，同比+8.3%。 执业证号：S1250518090001 电话：023-63786049  ODM受高基数影响有所下滑。根据洛图数据，公司Q1电视ODM出货 212万 邮箱：gmh@swsc.com.cn 台，同比下滑 15.5%，排名专业代工厂第三，主要由于 23Q1海外订单大幅增 长带来的高基数，而2024北美区域订单有所缩减。我们认为，公司代工龙头地 联系人：方建钊 位仍然稳固，主要客户ONN等品牌在当地发展势头良好，我们预计2024年回 电话：18428374714 邮箱：fjz@swsc.com.cn 归正常出货节奏，Q1为传统淡季，后续逐季 ...

Investment Rating - The investment rating for the company is maintained at Buy-A [1] Core Views - The company is transitioning its entire LED supply chain towards high value-added products, with a focus on digital entertainment and lighting applications [2][3] - The company has successfully integrated its optical communication device and module sectors through the acquisition of Guangdong Ruigu, enhancing its market position and operational efficiency [5] - The company is expected to see significant revenue growth, with projected revenues of 20.67 billion, 23.63 billion, and 25.34 billion yuan for 2024, 2025, and 2026 respectively, reflecting growth rates of 20.4%, 14.3%, and 7.2% [6] Summary by Sections Trading Data - Total market capitalization is 24,852.90 million yuan, with a circulating market capitalization of 24,838.59 million yuan [1] - The stock price as of April 29, 2024, is 5.49 yuan, with a 12-month price range of 5.82 to 4.47 yuan [1] LED Chip Production - The company has expanded its GaN chip production, achieving a capacity of 1 million pieces by June 2023, and aims for 1.05 million pieces by December 2023 [2] - The company is the industry leader in GaN chip sales, with a production of 5,000 pieces of arsenide chips during the reporting period [2] Financial Performance - In 2023, the company reported revenues of 6.75 billion yuan and a net profit of 940 million yuan from its digital entertainment platform, Windy Online [3] - The company’s COB display applications generated revenues of 541 million yuan in 2023, with a significant increase in production capacity [2][3] Future Projections - The company anticipates a revenue increase to 20.67 billion yuan in 2024, with a net profit of 2.07 billion yuan, reflecting a growth rate of 30.2% [6] - The projected gross margin is expected to improve from 18.8% in 2023 to 19.2% in 2024 [6]

业绩简评 4 月 25 日，公司披露一季报。24Q1 公司实现营业收入 41.06 亿 元，同比增加 11.14%，实现归母净利润 4.15 亿元，同比增加 8.25%，扣非归母净利润为 4.08 亿元，同比增加 21.95%。2023 年公司实现营业收入171.67 亿元，同比增加14.23%，实现归母 净利润15.88亿元，同比增加38.61%。单Q4，公司实现营业收 入44.80亿元，同比增加9.91%，环比下滑9.53%，实现归母净 利润 3.17 亿元，同比增加 19.40%，环比下滑 41.11%，毛利率 人民币(元) 成交金额(百万元) 20.58%，同比增长0.61pct，环比增长1.87pct。 7.00 450 400 经营分析 6.00 350 300 芯片端产品结构优化，COB 成本优势明显，MiniLED 加速渗 250 5.00 透。公司 LED 产业链一体化布局，24Q1 合并归母净利润口径 200 150 中，LED 贡献占比首次单季度超过 50%。分环节来看，（1）芯 4.00 100 50 片端垂直一体化+产品结构优化带动收入规模和盈利能力提升。 3.00 0 5 2 5 ...

深圳市兆驰股份有限公司 证券代码：002429 证券简称：兆驰股份 公告编号：2024-022 深圳市兆驰股份有限公司（以下简称"公司"）已于 2024 年 4 月 13 日在巨潮 资讯网（www.cninfo.com.cn）披露了《2023 年年度报告全文》及其摘要。为使投资 者能够进一步了解公司经营成果、财务状况等情况，公司拟于 2024 年 5 月 10 日（星 期五）15:00 至 17:00 举行 2023 年度网上业绩说明会。现将具体情况公告如下： 关于举行 2023年度网上业绩说明会的通知 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、误导性陈述或重大遗漏。 一、 说明会的时间和方式： 1. 召开时间：2024 年 5 月 10 日（星期五）15:00 至 17:00 2. 召开方式：网络文字互动方式 二、 公司出席人员： 董事长顾伟先生，副总经理兼财务负责人严志荣先生，独立董事张增荣先生， 副总经理兼董事会秘书单华锦女士。 三、 参会方式： 1. 同花顺路演平台：1）投资者可登录同花顺路演平台，进入直播间 （https://board.10jqka.com.cn/r ...

Financial Performance - The company's revenue for Q1 2024 reached ¥4,106,096,108.72, representing an increase of 11.14% compared to ¥3,694,655,075.80 in the same period last year[3]. - Net profit attributable to shareholders was ¥414,605,058.76, up 8.25% from ¥382,994,527.02 year-on-year[3]. - Total operating revenue for Q1 2024 reached CNY 4,106,096,108.72, an increase of 11.1% compared to CNY 3,694,655,075.80 in Q1 2023[13]. - Operating costs for Q1 2024 were CNY 3,720,934,484.78, up from CNY 3,350,005,439.26 in the same period last year, reflecting a growth of 11.0%[14]. - Net profit attributable to shareholders of the parent company for Q1 2024 was CNY 414,605,058.76, compared to CNY 382,994,527.02 in Q1 2023, representing an increase of 8.3%[15]. - The total comprehensive income for Q1 2024 was CNY 453,837,479.86, compared to CNY 400,531,564.07 in Q1 2023, marking an increase of 13.3%[15]. Cash Flow - The net cash flow from operating activities surged by 558.36% to ¥946,180,856.75, compared to ¥143,717,986.79 in the previous year[3]. - Total cash inflow from operating activities reached CNY 4,699,855,420.94, compared to CNY 4,089,209,764.52 in the same period last year, marking an increase of about 15%[17]. - Cash outflow from operating activities decreased to CNY 3,753,674,564.19 from CNY 3,945,491,777.73, indicating a reduction of approximately 5%[17]. - The net cash flow from investing activities was negative at CNY -2,169,893,356.58, worsening from CNY -639,766,643.84 in the previous year[17]. - Cash inflow from financing activities totaled CNY 1,894,949,249.94, down from CNY 3,010,626,976.85, reflecting a decline of about 37%[17]. - The net cash flow from financing activities was CNY 774,653,945.65, a decrease of approximately 57% compared to CNY 1,782,850,726.65 in the previous period[17]. - The ending balance of cash and cash equivalents was CNY 2,694,724,223.19, down from CNY 3,516,143,899.13, representing a decrease of about 23%[17]. Assets and Liabilities - The company's total assets increased by 4.62% to ¥27,957,502,599.06 from ¥26,723,545,986.88 at the end of the previous year[3]. - The company reported a total liability of CNY 12,276,688,287.84, an increase from CNY 11,496,569,155.52 year-over-year[13]. - The total equity attributable to shareholders of the parent company rose to CNY 15,216,262,525.12, compared to CNY 14,801,657,466.36 in the previous year[13]. - The company’s total liabilities increased by CNY 780,119,132.32 compared to the previous year, indicating a growth of 6.8%[13]. - The company’s long-term borrowings increased to CNY 1,995,889,602.78 from CNY 1,610,855,602.78, reflecting a growth of 23.9% year-over-year[13]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 66,162, with the largest shareholder, Nanchang Zhaochi Investment Partnership, holding 19.64% of shares, equating to 889,084,227 shares[8]. - The largest shareholder, Nanchang Zhaochi Investment Partnership, has pledged 758,017,600 shares[8]. Industry Performance - The contribution of the LED industry chain to the consolidated net profit exceeded 50% for the first time in a single quarter[5]. - Monthly shipments of Mini RGB chips reached 10,000KK, with a market share exceeding 50%[5]. - Revenue from COB direct display reached ¥295 million in the reporting period, showing significant year-on-year growth[5]. - The company achieved a 400% year-on-year increase in COB monthly output, reaching 16,000 square meters[5]. Other Financial Metrics - Research and development expenses for Q1 2024 amounted to CNY 188,572,203.32, an increase from CNY 162,898,227.66 in Q1 2023, indicating a growth of 15.8%[14]. - Basic earnings per share for Q1 2024 were CNY 0.0916, compared to CNY 0.0846 in Q1 2023, reflecting an increase of 8.3%[15]. - Other income increased by 45% to ¥8,353.84 million, mainly due to an increase in government subsidies[6]. - The company reported cash received from other operating activities of CNY 202,839,337.47, significantly higher than CNY 85,878,644.48 in the previous period, indicating an increase of about 136%[17]. - The company’s cash outflow for purchasing goods and services was CNY 3,119,452,296.21, down from CNY 3,375,895,758.21, reflecting a decrease of approximately 8%[17]. Product Development and Strategy - The company has not disclosed any new product developments or market expansion strategies in the current report[10].

Investment Rating - The investment rating for the company is "Buy" [1][4][12] Core Views - The company's profitability has improved, with a 38% year-on-year increase in net profit attributable to shareholders in 2023. Revenue reached 17.167 billion yuan, up 14.2% year-on-year, and the gross margin was 18.83%, an increase of 1.82 percentage points [1][2] - The company ranks third globally in television ODM shipments, with a 25% year-on-year increase in shipments, totaling approximately 10.5 million units in 2023. The growth is primarily driven by overseas orders, particularly in North America, with expansion into Europe, Southeast Asia, and South America [1][2] - The company leads the industry in LED chip production and sales, optimizing its product structure to enhance profitability. By the end of 2023, the company ranked second in GaN chip capacity and first in production and sales across the industry [1][2] - The company is expanding its COB display production, with revenue from COB applications reaching 541 million yuan in 2023. The monthly production capacity for COB displays is expected to grow from 10,000 square meters in December 2023 to 16,000 square meters by April 2024 [1][2] Financial Forecasts - The company forecasts net profits attributable to shareholders of 2.199 billion yuan, 2.690 billion yuan, and 2.930 billion yuan for 2024, 2025, and 2026, respectively, with corresponding P/E ratios of 11.0, 9.0, and 8.3 [1][2][10] - Revenue is projected to grow to 21.682 billion yuan in 2024, 26.199 billion yuan in 2025, and 28.241 billion yuan in 2026, reflecting growth rates of 26.3%, 20.8%, and 7.8% respectively [2][10] Key Financial Metrics - In 2023, the company's EBIT margin was 11.0%, and the return on equity (ROE) was 10.7% [2][10] - The company’s gross margin is expected to stabilize around 20% by 2026, indicating a focus on high-value products [10] - The company has maintained a strong cash position, with cash and cash equivalents at 4.092 billion yuan in 2023, projected to increase to 5.978 billion yuan by 2026 [10]