沪士电子股份有限公司独立董事提名人声明与承诺 证券代码：002463 证券简称：沪电股份 公告编号：2024-085 沪士电子股份有限公司独立董事提名人声明与承诺 提名人沪士电子股份有限公司董事会 现就提名高启全 为沪士电子股份有 限公司第八届董事会独立董事候选人发表公开声明。被提名人已书面同意作为沪 士电子股份有限公司第八届董事会独立董事候选人（参见该独立董事候选人声 明）。本次提名是在充分了解被提名人职业、学历、职称、详细的工作经历、全 部兼职、有无重大失信等不良记录等情况后作出的，本提名人 认为被提名人符 合相关法律、行政法规、部门规章、规范 性文件和深圳证券交易所业务规则对 独立董事候选人任职资格及独立性的要求，具体声明并承诺如下事项： 一、被提名人已经通过沪士电子股份有限公司第七届董事会提名委员会或者 独立董事专门会议资格审查，提名人与被提名人不存在利害关系或者其他可能影 响独立履职情形的密切关系。 ☑是 □ 否 如否，请详细说明：____________________________ 二、被提名人不存在《中华人民共和国公司法》第一百四十六条等规定不得 担任公司董事的情形。 ☑是 □ 否 如否，请 ...

沪士电子股份有限公司独立董事提名人声明与承诺 证券代码：002463 证券简称：沪电股份 公告编号：2024-087 沪士电子股份有限公司独立董事提名人声明与承诺 提名人沪士电子股份有限公司董事会 现就提名 王永翠 为沪士电子股份有 限公司第八届董事会独立董事候选人发表公开声明。被提名人已书面同意作为沪 士电子股份有限公司第八届董事会独立董事候选人（参见该独立董事候选人声 明）。本次提名是在充分了解被提名人职业、学历、职称、详细的工作经历、全 部兼职、有无重大失信等不良记录等情况后作出的，本提名人 认为被提名人符 合相关法律、行政法规、部门规章、规范 性文件和深圳证券交易所业务规则对 独立董事候选人任职资格及独立性的要求，具体声明并承诺如下事项： 一、被提名人已经通过沪士电子股份有限公司第七届董事会提名委员会或者 独立董事专门会议资格审查，提名人与被提名人不存在利害关系或者其他可能影 响独立履职情形的密切关系。 ☑是 □ 否 如否，请详细说明：____________________________ 二、被提名人不存在《中华人民共和国公司法》第一百四十六条等规定不得 担任公司董事的情形。 ☑是 □ 否 如否， ...

沪士电子股份有限公司关于召开 2024 年第三次临时股东大会的通知 证券代码：002463 证券简称：沪电股份 公告编号：2024-081 沪士电子股份有限公司 关于召开2024年第三次临时股东大会的通知 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。 一、召开会议的基本情况 1、股东大会届次：公司于2024年11月20日召开第七届董事会第三十五次会议，审议通过 《关于提请召开公司2024年第三次临时股东大会的议案》，决定于2024年12月9日召开公司2024 年第三次临时股东大会（下称"本次股东大会"）。 2、股东大会的召集人：公司董事会。 3、股东大会召开的合法、合规性：本次股东大会的召集程序符合《中华人民共和国公司 法》、《上市公司股东大会规则》等法律法规、规范性文件以及《公司章程》的规定。 4、股东大会召开的日期、时间： （1）现场会议召开时间：2024年12月9日（星期一）14:30-16:00； （2）网络投票时间：2024年12月9日。其中，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12月9日9:15-9:25，9:30-1 ...

沪士电子股份有限公司独立董事提名人声明与承诺 证券代码：002463 证券简称：沪电股份 公告编号：2024-086 沪士电子股份有限公司独立董事提名人声明与承诺 提名人沪士电子股份有限公司董事会 现就提名陆宗元 为沪士电子股份有 限公司第八届董事会独立董事候选人发表公开声明。被提名人已书面同意作为沪 士电子股份有限公司第八届董事会独立董事候选人（参见该独立董事候选人声 明）。本次提名是在充分了解被提名人职业、学历、职称、详细的工作经历、全 部兼职、有无重大失信等不良记录等情况后作出的，本提名人 认为被提名人符 合相关法律、行政法规、部门规章、规范 性文件和深圳证券交易所业务规则对 独立董事候选人任职资格及独立性的要求，具体声明并承诺如下事项： 一、被提名人已经通过沪士电子股份有限公司第七届董事会提名委员会或者 独立董事专门会议资格审查，提名人与被提名人不存在利害关系或者其他可能影 响独立履职情形的密切关系。 ☑是 □ 否 三、被提名人符合中国证监会《上市公司独立董事管理办法》和深圳证券交 易所业务规则规定的独立董事任职资格和条件。 ☑是 □ 否 如否，请详细说明：______________________ ...

关于完成工商变更登记的公告 本公司及董事会全体成员保证信息披露的内容真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 沪士电子股份有限公司（下称"公司"）于 2024 年 8 月 21 日、2024 年 9 月 10 日分别召开的第七届董事会第三十一次会议、2024 年第二次临时股东大会审 议通过《关于变更公司注册资本并相应修订<公司章程>的议案》，具体内容详见 2024 年 8 月 23 日公司刊登在指定披露信息的媒体《证券时报》及巨潮资讯网 （http://www.cninfo.com.cn）的《关于变更公司注册资本并相应修订<公司章程> 的公告》(公告编号：2024-051)。 沪士电子股份有限公司关于完成工商变更登记的公告 证券代码：002463 证券简称：沪电股份 公告编号：2024-076 沪士电子股份有限公司 特此公告。 沪士电子股份有限公司董事会 二○二四年十一月九日 根据上述会议决议，公司现已办理完成工商变更登记手续，并领取了苏州市 市场监督管理局换发的《营业执照》，变更事项如下： 1 原注册资本：191,199.9270 万元人民币。 现注册资本：191,515.7599 万元人民 ...

Investment Rating - The report maintains a "Buy" rating for the company [1] Core Views - The company demonstrated strong growth with a revenue of 90.11 billion yuan for the first three quarters of 2024, representing a year-on-year increase of 48.15%. The net profit attributable to shareholders reached 18.48 billion yuan, up 93.94% year-on-year [4][5] - The company is actively expanding its production capacity, with ongoing construction of a factory in Thailand and plans for new HDI product lines, reflecting confidence in future growth [4][5] - The company’s AI server and HPC-related PCB products generated revenue of 12.05 billion yuan in the first half of 2024, accounting for 22.22% of total revenue [4] Summary by Relevant Sections Financial Performance - For 2024, the company forecasts revenue of 114.68 billion yuan and net profit of 25.62 billion yuan, with corresponding P/E ratios of 33.10 [5][6] - The gross margin for the third quarter was 34.94%, with a net margin of 19.57% [4] Production and Expansion Plans - The company plans to invest 26.8 billion yuan in the first phase of a new HDI board project, with an expected annual production capacity of 180,000 square meters [4] - The construction of the Thai factory is expected to commence production in Q4 2024, which will help alleviate capacity constraints [4] Market Position and Growth Potential - The company is positioned to benefit significantly from the development of AI technologies, as indicated by the substantial revenue contribution from AI-related products [4] - The report highlights the company's proactive approach to expanding its market share through strategic investments and capacity enhancements [5]

Investment Rating - The investment rating for the company is "Buy" (maintained) [1] Core Views - The company reported impressive revenue and profit performance, driven by the growing demand for AI, with a 48% year-on-year increase in revenue for the first three quarters, reaching 9 billion yuan, and a 94% increase in net profit attributable to shareholders, totaling 1.85 billion yuan [2] - The trend of AI demand continues, with the company making forward-looking investments across its entire product line, benefiting from the increasing shipment of high-end GPU products and the rising utilization rates of TSMC's 3nm and 5nm capacities [3] - The company is expanding its production capacity for AI-related PCBs, with an investment of 4.3 billion yuan expected to generate an additional annual revenue of approximately 4.8 billion yuan upon completion [4] Financial Forecasts and Valuation - The company's revenue forecasts for 2024-2026 have been adjusted upwards, with expected revenues of 12.493 billion yuan, 14.99 billion yuan, and 17.029 billion yuan respectively, reflecting a significant growth trajectory [5] - The net profit attributable to shareholders for the same period is forecasted to be 2.556 billion yuan, 3.465 billion yuan, and 4.054 billion yuan, indicating strong profitability growth [5] - The latest diluted EPS is projected to increase from 1.33 yuan in 2024 to 2.12 yuan in 2026, with a corresponding decrease in P/E ratio from 25.04 to 15.79 [5]

Investment Rating - The investment rating for the company is "Outperform the Market" and is maintained [1] Core Views - The company reported a revenue of 9.011 billion yuan for the first three quarters, representing a year-on-year increase of 48.15%, with a net profit attributable to the parent company of 1.848 billion yuan, up 93.94% year-on-year [4] - The gross margin for the first three quarters was 35.86%, an increase of 5.28 percentage points year-on-year, while the net profit margin was 20.51%, up 4.84 percentage points year-on-year [4] - The company plans to expand its production capacity for high-end PCBs related to AI, with a total investment of 4.3 billion yuan for the project, which is expected to generate an additional annual revenue of 4.8 billion yuan and a net profit of 755 million yuan [5] - The company forecasts revenues of 12.564 billion yuan, 15.325 billion yuan, and 18.994 billion yuan for 2024, 2025, and 2026 respectively, with net profits of 2.585 billion yuan, 3.364 billion yuan, and 4.313 billion yuan for the same years [6][10] Summary by Sections Financial Performance - For Q3 2024, the company achieved a revenue of 3.587 billion yuan, a quarter-on-quarter increase of 26.29% and a year-on-year increase of 54.67% [4] - The net profit for Q3 was 708 million yuan, with a quarter-on-quarter increase of 13.03% and a year-on-year increase of 53.66% [4] - Inventory at the end of Q3 reached 2.691 billion yuan, a year-on-year increase of 49.25% [4] Production Expansion - The company plans to build a new high-end PCB production facility for AI chips, with a total construction period of 8 years, divided into two phases [5] - The first phase is expected to be completed by 2028, with an investment of approximately 2.68 billion yuan, while the second phase is expected to be completed by 2032, with an investment of approximately 1.62 billion yuan [5] Earnings Forecast - The company expects a gross margin of 35.7% in 2024, increasing to 38.9% by 2026 [10] - The projected earnings per share (EPS) for 2024, 2025, and 2026 are 1.35 yuan, 1.76 yuan, and 2.25 yuan respectively [10]

Investment Rating - The report assigns an investment rating of "Buy" for the company, indicating a positive outlook for future performance [1]. Core Insights - The company is projected to experience significant revenue growth, with estimates of $10.55 billion in 2024, representing a 35.87% increase from the previous year [1]. - The EBITDA is expected to rise from $2.1 billion in 2023 to $4.9 billion by 2026, reflecting a strong upward trend in profitability [4]. - The report highlights a robust demand for the company's products, particularly in the high-density interconnect and LIDAR markets, which are anticipated to drive future growth [2][3]. Financial Projections - Revenue projections for the company are as follows: - 2023: $7.84 billion - 2024: $10.55 billion - 2025: $14.77 billion - 2026: $19.61 billion [4]. - EBITDA forecasts are: - 2023: $2.1 billion - 2024: $3.24 billion - 2025: $4.23 billion - 2026: $4.93 billion [4]. - EPS is projected to increase from $0.79 in 2023 to $2.06 by 2026, indicating strong earnings growth [6]. Valuation Metrics - The report provides the following valuation metrics: - P/E ratio is expected to improve from 20.35 in 2024 to 15.36 in 2026, suggesting increasing investor confidence [6]. - EV/EBITDA is projected to decrease from 20.35 in 2024 to 15.36 in 2026, indicating a more favorable valuation over time [6]. Market Position - The company is positioned well within the high-density interconnect and LIDAR sectors, which are expected to see substantial growth due to technological advancements and increasing market demand [2][3]. - The report emphasizes the company's competitive advantages, including innovative product offerings and strong customer relationships, which are likely to enhance its market share [2].

Investment Rating - The report maintains a "Buy-A" rating for the company [1] Core Views - The company achieved record high revenue in Q3 2024, driven by strong demand in AI and high-performance computing sectors, with a revenue of 9.011 billion yuan for the first three quarters, representing a year-on-year growth of 48.15% [1] - The net profit for the same period reached 1.848 billion yuan, up 93.94% year-on-year, indicating robust profitability [1] - The company plans to invest 4.3 billion yuan to expand AI-related production capacity, with the first phase expected to be completed by 2028, potentially generating an additional annual revenue of approximately 3 billion yuan [1] Financial Performance Summary - For Q3 2024, the company reported a revenue of 3.587 billion yuan, a year-on-year increase of 54.67% and a quarter-on-quarter increase of 26.29% [1] - The gross margin for the first three quarters was 35.86%, an increase of 5.29 percentage points year-on-year, while the net margin was 20.31%, up 4.89 percentage points year-on-year [1] - The company’s EPS for 2024 is projected to be 1.34 yuan, with expected P/E ratios of 33.2, 25.3, and 20.2 for 2024, 2025, and 2026 respectively [4][7] Market Data - As of October 28, 2024, the company's closing price was 41.99 yuan, with a market capitalization of 804.26 billion yuan [1] - The stock has seen a yearly high of 46.86 yuan and a low of 19.14 yuan [1] - The company’s total assets are projected to reach 18.388 billion yuan by 2024, with a current ratio of 1.6 [6][7]