广东领益智造股份有限公司 关于回购公司股份的进展公告 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。 二、股份回购实施进展 根据《深圳证券交易所股票上市规则》《上市公司股份回购规则》及《深圳 证券交易所上市公司自律监管指引第 9 号—回购股份》相关法律法规的规定，上 市公司在回购期间应当在每个月的前 3 个交易日内公告截至上月末的回购进展 情况，包括已回购股份的数量和比例、购买的最高价和最低价、支付的总金额等， 现将回购进展情况公告如下： 证券代码：002600 证券简称：领益智造 公告编号：2024-043 截至 2024 年 4 月 30 日，公司回购专用证券账户尚未买入相关股票。 三、其他说明 一、股份回购方案概述 广东领益智造股份有限公司（以下简称"公司"）于 2024 年 3 月 8 日召开第 五届董事会第三十四次会议、第五届监事会第二十六次会议，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以集中竞价交易方式回购公 司股份；回购股份的种类为公司已发行上市的人民币普通股（A 股）股票，回购 股份的资金总额不低于人民币 5,000 万 ...

2024 年 05 月 05 日 公司研究 评级：买入 (维持 ) 研究所： [Table_Title] 证券分析师： 郑奇 S0350524030006 营收逐季增长，深度打造 AI 终端硬件制造平台 zhengq@ghzq.com.cn 证券分析师： 高力洋 S0350524010003 ——领益智造（002600）2023年年报及 2024Q1季报点评报告 gaoly01@ghzq.com.cn 最近一年走势 事件 : 领益智造4月30日发布2023年年度报告及2024年第一季度报告。2023 年公司实现营收341.24亿元，同比下降1.05%；实现归母净利润20.51 亿元，同比增长28.50%；实现扣非归母净利润16.93 亿元，同比增长 13.30%。 单季度看，2023Q4公司实现营收94.78亿元，同比下降3.45%；实现归 母净利润1.81亿元，同比下降51.01%；实现扣非归母净利润0.09亿元， 同比下降90.68%； 相对沪深300表现 2024/04/30 2024Q1公司实现营收97.99亿元，同比增长35.83%；实现归母净利润 表现 1M 3M 12M 4.61 亿元，同比下降 ...

领益智造（002600.SZ）2023年年报&2024年一季报点评 业绩逐季稳步增长，深耕 AI 终端智能智造平台 2024年04月30日 ➢ 事件：4 月 29 日，领益智造发布 2023 年年报，公司 2023 年实现营收 推荐 维持评级 341.24元，同比减少1.05%；实现归母净利润20.51亿元，同比增加28.50%； 当前价格： 5.21元 实现扣非归母净利润16.93亿元，同比增加13.30%。同时，公司发布2024年 一季报，24Q1公司实现营收97.99亿元，同比增加35.83%；实现归母净利润 [Table_Author] 4.61 亿元，同比减少 28.72%；实现扣非归母净利润 3.52 亿元，同比减少 17.73%。 ➢ 营收环比稳步增长，经营性现金流稳健。23Q4公司实现营业收入94.78亿 元，同比-3.45%，环比+1.3%，公司23年第三、四季度单季度营业收入稳步增 长。24Q1实现营收97.99亿元，同比持续提升35.83%，环比增加3.4%，主 要系新业务增长所致。2023年，公司经营性现金净流入52.95亿元，保持稳健 分析师 方竞 经营。分业务来看，2023年，公司 ...

召开方式：网络平台在线交流 广东领益智造股份有限公司 关于举行 2023 年度网上业绩说明会的公告 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。 广东领益智造股份有限公司（以下简称"公司"）已于 2024 年 4 月 30 日在巨 潮资讯网（www.cninfo.com.cn）披露了《2023 年年度报告》。为便于投资者进一 步了解公司经营情况，公司定于 2024 年 5 月 6 日（星期一）15:00-17:00 举行 2023 年度网上业绩说明会。具体安排如下： 一、说明会召开时间和方式 召开时间：2024 年 5 月 6 日（星期一）15:00-17:00 证券代码：002600 证券简称：领益智造 公告编号：2024-038 2 / 2 上海证券报·中国证券网 https://roadshow.cnstock.com/ 二、公司出席人员 出席本次业绩说明会的人员有：公司董事长兼总经理曾芳勤女士、独立董事 刘健成先生、财务总监王涛先生、副总经理兼董事会秘书郭瑞先生。具体出席人 员以当天实际参会人员为准。 三、征集问题事项 为充分尊重投资者、提升交流的针 ...

Financial Performance - The company's revenue for Q1 2024 reached ¥9,799,268,896.03, representing a 35.83% increase compared to ¥7,214,282,592.17 in the same period last year[3] - Net profit attributable to shareholders decreased by 28.72% to ¥460,994,657.66 from ¥646,721,065.51 year-on-year[3] - Basic and diluted earnings per share decreased by 22.22% to ¥0.07 from ¥0.09 in the same period last year[3] - Operating profit for the current period was ¥576,750,687.15, down 14.1% from ¥671,237,680.13 in the previous period[21] - Net profit decreased to ¥459,441,922.70, a decline of 29.0% compared to ¥645,668,315.92 in the same period last year[21] - The company reported a total comprehensive income of ¥440,719,996.70, compared to ¥642,952,513.12 in the prior period[22] Cash Flow - The net cash flow from operating activities fell by 57.89% to ¥1,073,720,271.12, down from ¥2,549,953,502.81 in the previous year[3] - Cash inflow from operating activities was ¥10,530,022,397.88, slightly down from ¥10,747,776,302.08 in the prior period[23] - The net cash flow from operating activities for Q1 2024 was ¥1,073,720,271.12, a decrease of 57.8% compared to ¥2,549,953,502.81 in the previous period[25] - Cash inflow from financing activities reached ¥2,887,035,505.22, an increase of 67.3% compared to ¥1,725,938,162.98 in the previous period[25] - The net cash flow from financing activities surged by 528.29% to ¥829,829,328.10, compared to a negative cash flow of ¥193,753,978.47 in the previous year[8] Assets and Liabilities - Total assets increased by 1.64% to ¥37,797,759,651.71 compared to ¥37,188,325,570.16 at the end of the previous year[3] - The company's total liabilities were CNY 19,037,064,256.83, up from CNY 18,876,549,326.63, marking an increase of about 0.85%[18] - The company's equity attributable to shareholders increased to CNY 18,701,296,410.42 from CNY 18,250,835,144.12, showing a growth of approximately 2.5%[18] Shareholder Information - Total number of common shareholders at the end of the reporting period is 204,896[10] - The largest shareholder, Lingsheng Investment (Jiangsu) Co., Ltd., holds 59.07% of shares, totaling 4,139,524,021 shares[10] - The second-largest shareholder, Hong Kong Central Clearing Limited, holds 4.84% of shares, totaling 339,376,213 shares[10] - The number of shares pledged by the largest shareholder is 361,600,000[10] - The number of shares frozen by individual shareholder Wang Nandong is 29,549,199[10] Government Subsidies and Other Income - The company reported a significant increase in government subsidies, with other income rising by 68.37% to ¥86,289,866.80 from ¥51,249,490.84[8] - Other income increased to ¥86,289,866.80, compared to ¥51,249,490.84 in the previous period[21] Borrowings and Financial Expenses - Long-term borrowings increased by 41.93% to ¥5,657,969,582.80, reflecting higher financing needs[8] - The company experienced a 70.73% reduction in financial expenses, decreasing to ¥56,667,257.14 from ¥193,599,868.09 due to lower exchange losses[8] - The company recorded a decrease in financial expenses, with interest expenses at ¥80,490,361.87, down from ¥100,656,284.66[21] Inventory and Receivables - Inventory decreased to CNY 4,905,254,630.09 from CNY 5,727,100,063.82, reflecting a decline of approximately 14.4%[17] - Accounts receivable rose to CNY 8,819,136,433.77 from CNY 8,766,213,355.49, indicating a slight increase of about 0.6%[16] Share Repurchase and Legal Recovery - The company plans to repurchase shares with a budget of no less than CNY 50 million and no more than CNY 100 million at a price not exceeding CNY 7.50 per share[4] - The company has recovered a total of CNY 522,094,010.73 from a legal case, with the latest recovery amounting to CNY 98,934,966.74[3] Research and Development - Research and development expenses were ¥429,257,129.21, down 8.8% from ¥470,936,320.20 in the previous period[21] Audit Information - The company did not conduct an audit for the Q1 2024 report[27]

Financial Performance - The company achieved an annual revenue of 34.124 billion CNY and a net profit of 2.051 billion CNY in 2023, representing a year-on-year growth of 28.50%[2]. - Operating cash inflow for the year was 5.295 billion CNY, indicating stable operational performance[2]. - The company's operating revenue for 2023 was ¥34,123,706,020.59, a decrease of 1.05% compared to ¥34,484,678,505.90 in 2022[29]. - Net profit attributable to shareholders for 2023 was ¥2,050,908,425.28, representing an increase of 28.50% from ¥1,596,075,000.09 in 2022[29]. - The net profit after deducting non-recurring gains and losses was ¥1,692,994,960.35, up 13.30% from ¥1,494,317,674.23 in 2022[29]. - Basic earnings per share for 2023 were ¥0.29, a 26.09% increase compared to ¥0.23 in 2022[29]. - The total assets at the end of 2023 were ¥37,188,325,570.16, reflecting a 2.75% increase from ¥36,192,009,841.95 at the end of 2022[29]. - The net assets attributable to shareholders increased by 6.32% to ¥18,250,835,144.12 at the end of 2023 from ¥17,166,632,680.85 at the end of 2022[29]. Shareholder Returns - The company has implemented multiple cash dividends totaling 1.017 billion CNY in 2023, with a proposed cash dividend of 210 million CNY for the year[2]. - The profit distribution plan proposes a cash dividend of 0.3 yuan (including tax) for every 10 shares, based on a total share capital of 6,990,533,747 shares[20]. - The company emphasizes cash dividends and has established a shareholder return plan for 2023-2025 to balance sustainable development with investor returns[161]. - The company plans to repurchase shares with a budget between 50 million and 100 million RMB to support employee stock ownership plans[187]. Research and Development - The R&D team consists of 5,902 personnel, with a total of 2,094 patents granted, including 240 invention patents[14]. - The company invested over 1.8 billion yuan in R&D in 2023, focusing on key technology control points and innovation[184]. - The company has established a systematic three-tier R&D framework to enhance technological innovation and product development[183]. - The company aims to enhance its R&D capabilities by building a systematic three-tier R&D framework to focus on industry trends and technological advancements[157]. Sustainability and ESG - The company emphasizes a commitment to sustainable development through green manufacturing and energy efficiency initiatives[16]. - The company's ESG rating for 2023 was rated as A by MSCI, reflecting high recognition for its sustainability efforts[17]. - The company purchased green certificates amounting to 302 million kWh and generated 48 million kWh from rooftop solar power[17]. - The company is committed to green operations, implementing zero landfill waste initiatives and promoting resource recycling[184]. - The company aims to achieve carbon neutrality by 2030, focusing on clean energy usage and energy structure transformation[150]. Market Expansion and Strategy - The company is actively pursuing international market expansion, targeting major domestic and international clients in AI terminal, thermal management, automotive, and power management sectors[13]. - The company is focusing on a six-strategy framework including "extreme, talent, low-carbon, efficiency, closed-loop, and international" to strengthen its position in high-end precision manufacturing[6]. - The company aims to enhance its leading position in AI terminal hardware precision manufacturing and explore development potential in this field[18]. - The company plans to enhance its international market presence by targeting major domestic and international clients in AI terminal, thermal management, automotive, and power management sectors[153]. Production Efficiency and Innovation - The company has implemented new technologies in its production processes, including advanced manufacturing techniques and automation[36]. - The company reported a significant increase in cash flow from operating activities, indicating improved operational efficiency[29]. - The company has achieved a reduction in direct labor costs to approximately 3.277 billion yuan, a year-on-year decrease of about 6.76%[54]. - The company has established a comprehensive thermal management product line to meet the cooling demands of various applications, including 3C and base station cooling[66]. Risks and Challenges - The global macroeconomic environment remains uncertain, which may significantly impact market demand for the company's products and overall performance[164]. - The company faces risks from intensified industry competition, particularly in the AI terminal sector, which may pressure product pricing and future growth[166]. - International trade policy uncertainties could affect market demand and pricing for consumer electronics, impacting overall revenue[167]. - The company is exposed to foreign exchange risks due to overseas sales and purchases, primarily denominated in USD and EUR, which may lead to significant exchange losses[168]. Corporate Governance - The company has established a strong partnership with well-known global clients in the consumer electronics sector, successfully expanding its ultra-thin VC heat spreader product line[61]. - The board of directors consists of 7 members, including 3 independent directors, ensuring compliance with governance standards[193]. - The company has implemented a stock incentive plan for senior management and key personnel, enhancing team cohesion and promoting long-term development[196]. - The company has established a sound corporate governance structure with the assistance of professional service providers while ensuring information confidentiality[198].

Investment Rating - The report maintains a "Buy" rating for the company [2][4]. Core Views - Continuous share buybacks have boosted market confidence, with the company repurchasing 63.62 million shares for a total of 300 million RMB from 2022 to March 1, 2024. A new buyback plan was approved on March 8, 2024, with a total amount between 50 million and 100 million RMB [1]. - The company plans to issue convertible bonds to optimize its product structure and enhance profitability, aiming to raise up to 2.137 billion RMB for various manufacturing projects [1]. - The company is deepening its focus on the consumer electronics sector while expanding into the new energy vehicle market, achieving a 166.32% growth in automotive business in 2022 and a 72.46% increase in revenue in the first half of 2023 [1]. Financial Summary - Revenue is projected to grow from 37.24 billion RMB in 2023 to 53.42 billion RMB in 2025, with a compound annual growth rate (CAGR) of approximately 20.53% [3]. - Net profit is expected to increase from 2.23 billion RMB in 2023 to 3.58 billion RMB in 2025, reflecting a growth rate of 36% in 2025 [3]. - The company's earnings per share (EPS) is forecasted to rise from 0.32 RMB in 2023 to 0.51 RMB in 2025 [3]. Valuation Metrics - The price-to-earnings (P/E) ratio is projected to decrease from 16x in 2023 to 10x in 2025, indicating an attractive valuation as earnings grow [2][3]. - The return on equity (ROE) is expected to improve from 12% in 2023 to 15.6% in 2025, showcasing enhanced profitability [3][5]. Market Position - The company is recognized as one of the few precision manufacturing firms covering the entire industry chain, including materials, precision components, and assembly, with applications in consumer electronics, new energy vehicles, and clean energy [2][5].

证券代码：002600 证券简称：领益智造 公告编号：2024-028 广东领益智造股份有限公司 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、担保情况概述 广东领益智造股份有限公司（以下简称"公司"）分别于 2023 年 12 月 7 日和 2023 年 12 月 25 日召开第五届董事会第三十三次会议和 2023 年第六次临时股东 大会，审议通过了《关于公司及子公司 2024 年度担保事项的议案》。为保证公 司及其子公司的正常生产经营活动，2024 年度公司（含控股子公司）拟为公司及 子公司的融资或其他履约义务提供担保，预计担保总额度合计不超过人民币 3,500,000 万元。在上述担保额度内，公司可以根据实际经营情况对公司对子公 司、以及子公司之间的担保额度进行调配，亦可对新成立的子公司分配担保额度。 具体内容详见公司于 2023 年 12 月 8 日在巨潮资讯网（www.cninfo.com.cn）上披 露的《关于公司及子公司 2024 年度担保事项的公告》。 二、担保进展情况 近日公司子公司深圳市领略数控设备有限 ...

公司董事会、监事会延期换届不会影响公司的正常运营。公司将积极推进董 事会、监事会换届选举工作，并及时履行信息披露义务。 广东领益智造股份有限公司 关于董事会、监事会延期换届的公告 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。 广东领益智造股份有限公司（以下简称"公司"）第五届董事会、监事会任 期已届满。鉴于董事会、监事会换届工作尚在积极筹备中，为保证公司董事会、 监事会相关工作的连续性和稳定性，公司第五届董事会、监事会将延期换届，董 事会各专门委员会及董事会聘任的高级管理人员任期也将相应顺延。 在换届完成之前，公司第五届董事会、监事会全体成员，董事会各专门委员 会成员及高级管理人员将继续按照法律法规和《公司章程》等有关规定，继续履 行董事、监事及高级管理人员的职责和义务。 证券代码：002600 证券简称：领益智造 公告编号：2024-027 特此公告。 广东领益智造股份有限公司董事会 二〇二四年四月十九日 1 / 1 ...

广东领益智造股份有限公司（以下简称"公司"）分别于 2023 年 12 月 7 日和 2023 年 12 月 25 日召开第五届董事会第三十三次会议和 2023 年第六次临时股东 大会，审议通过了《关于公司及子公司 2024 年度担保事项的议案》。为保证公 司及其子公司的正常生产经营活动，2024 年度公司（含控股子公司）拟为公司及 子公司的融资或其他履约义务提供担保，预计担保总额度合计不超过人民币 3,500,000 万元。在上述担保额度内，公司可以根据实际经营情况对公司对子公 司、以及子公司之间的担保额度进行调配，亦可对新成立的子公司分配担保额度。 具体内容详见公司于 2023 年 12 月 8 日在巨潮资讯网（www.cninfo.com.cn）上披 露的《关于公司及子公司 2024 年度担保事项的公告》。 二、担保进展情况 公司子公司领益科技（深圳）有限公司与中信银行股份有限公司深圳分行（以 下简称"中信银行"）于 2024 年 2 月 20 日签订了《资产池业务合作协议》，中 信银行为公司及部分子公司提供总额不超过人民币 50,000 万元的资产池专项额 度授信，公司及部分子公司在授信额度内提供互相 ...