证券代码：002600 证券简称：领益智造 公告编号：2024-125 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 次提交公司董事会或股东大会审议。 本 ...

Investment Rating - The report maintains a "Buy" investment rating for the company [1][5]. Core Insights - The company reported strong performance in Q3 2024, with revenue reaching 31.485 billion yuan, a year-on-year increase of 27.75%. However, the net profit attributable to shareholders decreased by 24.85% to 1.405 billion yuan [1][4]. - The growth in revenue for Q3 2024 was 32.14% year-on-year and 32.66% quarter-on-quarter, with a net profit of 713 million yuan, reflecting a year-on-year increase of 14.68% and a quarter-on-quarter increase of 208.13% [1][4]. - The company is positioned to benefit significantly from the increasing demand for cooling solutions in AI-enabled consumer electronics, particularly as AI smartphones and AIPC (AI Personal Computers) are expected to see substantial growth [1][4]. Summary by Sections Financial Performance - For the first three quarters of 2024, the company achieved a revenue of 31.485 billion yuan, with a year-on-year growth of 27.75%. The net profit attributable to shareholders was 1.405 billion yuan, down 24.85% year-on-year, while the net profit excluding non-recurring items was 1.187 billion yuan, also down 24.85% [1][4]. - In Q3 2024, the company reported a revenue of 12.365 billion yuan, a year-on-year increase of 32.14% and a quarter-on-quarter increase of 32.66%. The net profit for this quarter was 713 million yuan, up 14.68% year-on-year and 208.13% quarter-on-quarter [1][4]. Market Trends - The report highlights the accelerating adoption of AI technology in consumer electronics, predicting that global AI smartphone shipments will reach 912 million units by 2028, with a CAGR of 78.4% from 2023 to 2028. Additionally, AIPC shipments are expected to reach 103 million units by 2025, with a penetration rate of 85% by 2027 [1][4]. - The company is identified as a core supplier for Apple, which is expected to drive demand for its cooling solutions as AI technology becomes more prevalent in high-end consumer electronics [4][5]. Profit Forecast - The company’s revenue is projected to reach 41.341 billion yuan in 2024, 49.601 billion yuan in 2025, and 57.775 billion yuan in 2026. The earnings per share (EPS) are forecasted to be 0.36 yuan in 2024, 0.43 yuan in 2025, and 0.57 yuan in 2026, with corresponding price-to-earnings (P/E) ratios of 24.8, 20.9, and 15.7 [5][6].

证券代码：002600 证券简称：领益智造 公告编号：2024-123 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。 近日，公司、领益科技（深圳）有限公司（以下简称"领益科技"）分别向 花旗银行（中国）有限公司（以下简称"花旗银行"）出具了《保证函》，为公 司全资子公司领益科技、东莞领杰金属精密制造科技有限公司（以下简称"东莞 领杰"）和成都领益科技有限公司（以下简称"成都领益"）与花旗银行签订的 《融资协议》项下所形成的等值 6,000 万美元的融资额度提供连带责任保证，保 证期间均为自本保证函签署之日起算，至该等协议下的最后一个还款日或提前终 止应付额付款日两者孰晚日期起满三年之日终止。 本次担保事项在公司董事会和股东大会审议通过的担保额度范围内，无需再 次提交公司董事会或股东大会审议。 1 / 3 本次担保被担保公司担保额度使用情况如下： 单位：万元人民币 | 公司类别 | 股东大会审议通 过的担保额度 | 被担保方 | 被担保方本次使 用的担保额度 | | --- | --- | --- | ...

广东领益智造股份有限公司 关于 2024 年员工持股计划非交易过户完成的公告 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"）分别于 2024 年 7 月 26 日、 2024 年 8 月 14 日召开第六届董事会第二次会议、2024 年第三次临时股东大会， 审议通过了《关于公司<2024 年员工持股计划（草案）>及其摘要的议案》及相 关议案，具体内容详见巨潮资讯网（www.cninfo.com.cn）和公司指定信息披露报 刊的相关公告。 证券代码：002600 证券简称：领益智造 公告编号：2024-122 根据《关于上市公司实施员工持股计划试点的指导意见》《深圳证券交易所 上市公司自律监管指引第 1 号——主板上市公司规范运作》等相关法律法规要 求，现将公司 2024 年员工持股计划（以下简称"本员工持股计划"）的实施进展 情况公告如下： 一、本员工持股计划的股票来源及数量 本员工持股计划股票来源为公司回购专用证券账户回购的公司已发行上市 的人民币普通股（A 股）股票。 公司于 2022 年 4 月 7 日召开第 ...

Investment Rating - The report maintains a "Buy" rating for Lingyi Technology (002600.SZ) [1] Core Views - The company achieved record revenue in Q3, with a significant year-on-year growth of 32.14%, driven by the launch of Apple's iPhone 16 and stable shipment growth [5] - The company is expected to benefit from the increasing proportion of high-end products, which will enhance the unit value [5] - The report anticipates continued strong performance in Q4 due to the release of new Android devices [6] Financial Performance Summary - For the first three quarters of 2024, the company reported revenue of 31.485 billion yuan, a year-on-year increase of 27.75%, and a net profit of 1.405 billion yuan, a decline of 24.85% [4] - In Q3 alone, the company achieved a net profit of 713 million yuan, a year-on-year increase of 14.68% [4] - The gross margin for Q3 was 17.21%, with a year-on-year decrease of 4.2 percentage points but a quarter-on-quarter increase of 2.19 percentage points [5] Revenue and Profit Forecast - The revenue forecasts for 2024 to 2026 have been adjusted to 41.823 billion yuan, 51.1 billion yuan, and 59.381 billion yuan, respectively [6] - The net profit forecasts for the same period are updated to 2.003 billion yuan, 3.094 billion yuan, and 4.133 billion yuan, respectively [6] - The report indicates that the company’s P/E ratios for 2024 to 2026 are projected to be 31.87, 20.64, and 15.45, respectively [6] Market Position and Competitive Landscape - Lingyi Technology serves a wide range of clients, including major brands like Apple, Huawei, and Xiaomi, positioning itself as a leader in precision components for consumer electronics [6] - The company is recognized for its capabilities in thermal management solutions and original equipment manufacturing for Apple chargers [6]

Investment Rating - The report maintains a "Buy" rating for the company [1] Core Views - The company has shown a significant recovery in Q3 performance, with a revenue increase of 32% year-on-year and a net profit increase of 15% year-on-year [2][4] - The company is strategically positioned in the AI terminal manufacturing sector, which is expected to drive long-term growth despite some short-term profit margin pressures due to product mix changes [2][3] - The company is benefiting from increased demand from major North American clients and is expected to continue this positive trend into Q4 [4] Financial Performance Summary - Total revenue for the first three quarters reached 314.9 billion, up 28% year-on-year, while net profit was 14.1 billion, down 25% year-on-year [2] - Q3 revenue was 123.7 billion, with a year-on-year increase of 32% and a quarter-on-quarter increase of 32% [2] - The company’s gross margin has slightly declined due to changes in product structure and foreign exchange losses impacting revenue [2][3] - The forecast for net profit for 2024-2026 has been adjusted downwards, with expected figures of 20 billion, 28 billion, and 37 billion respectively [4] Market Position and Outlook - The company is positioned to become a core supplier of thermal management components for AI hardware, with existing capabilities in various cooling solutions [3] - The traditional product lines are expected to see increased market share, supported by new product launches in the Android supply chain [4] - The overall market demand is anticipated to resonate positively with the company's product offerings, leading to sustained performance in Q4 [4]

Investment Rating - The investment rating for the company is "Buy" and it is maintained [4]. Core Views - The company has entered a new growth cycle as its Q3 performance shows a return to positive growth, driven by seasonal demand and increased business from international and Android customers [5][6]. - The company is positioned as a key player in AI terminal cooling solutions, with a diverse product portfolio that includes graphite heat spreaders and various materials for VC heat pipes, which are crucial for AI smartphone development [5][6]. - The company is expected to benefit from the ongoing upgrade trends in consumer electronics, particularly in cooling, battery, and fast charging technologies, with projected net profits of 1.976 billion, 2.895 billion, and 4.078 billion yuan for 2024, 2025, and 2026 respectively [6]. Summary by Sections Financial Performance - For the first three quarters of 2024, the company achieved revenue of 31.485 billion yuan, a year-on-year increase of 27.75%, while net profit attributable to shareholders was 1.405 billion yuan, a decrease of 24.85% [4]. - In Q3 alone, the company reported revenue of 12.365 billion yuan, up 32.14% year-on-year, and a net profit of 0.713 billion yuan, an increase of 14.68% [4]. Market Position and Growth Potential - The company has a strong foothold in the AI terminal hardware market, continuously expanding its capabilities across the supply chain, which positions it well to capitalize on the upcoming AI smartphone innovation wave [6]. - The company’s consumer electronics segment is expected to benefit significantly from the trends in cooling, battery, and fast charging upgrades, indicating a robust growth outlook [6].

证券代码：002600 证券简称：领益智造 公告编号：2024-121 1 / 3 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： 截至 2024 年 10 月 31 日，公司累计通过回购专用证券账户以集中竞价交易 方式回购公司股份 12,390,800 股，占公司总股本的 0.18%，最高成交价为 4.98 元 /股，最低成交价为 4.63 元/股，成交金额为 59,947,339.10 元（不含交易费用）。 本次回购股份资金来源为公司自有资金，回购价格均未超过回购价格上限。本次 回购符合相关法律、法规的要求，符合公司既定的回购股份方案。 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。 一、股份回购方案概述 广东领益 ...

Investment Rating - The report maintains a "Buy" rating for the company with a target price of 12.42 CNY based on a projected PE ratio of 27 times for 2025 [2][5]. Core Insights - The company achieved record-high quarterly revenue of 124 billion CNY in Q3, marking a 32% year-over-year increase and a 33% quarter-over-quarter increase, while the net profit for the same quarter grew by 15% to 7.1 billion CNY [1][5]. - The company is strategically positioned in the consumer electronics cooling components sector, benefiting from the trend of increased heat dissipation in AI-enabled devices [1]. - The long-term growth potential in the consumer electronics sector is significant, with the company being a key supplier for major North American clients, which are expected to drive innovation in hardware functionalities [1]. Financial Performance Summary - The company reported a total revenue of 315 billion CNY for the first three quarters, a 28% increase year-over-year, while the net profit attributable to the parent company was 14.1 billion CNY, down 25% year-over-year [1]. - The forecast for earnings per share (EPS) for 2024-2026 is set at 0.30, 0.46, and 0.56 CNY respectively, with slight adjustments made to revenue and gross margin predictions [2][7]. - The gross margin for Q3 improved to 17.2%, reflecting a 2.2 percentage point increase from the previous quarter, driven by the introduction of new products [1][2]. Financial Metrics - The company's revenue for 2023 is projected at 34,124 million CNY, with a slight decline of 1% from the previous year, followed by a forecasted growth of 21% in 2024 [4]. - The net profit for 2023 is expected to be 2,051 million CNY, representing a 28.5% increase from 2022, with further growth anticipated in subsequent years [4]. - The company’s return on equity (ROE) is projected to increase from 11.6% in 2023 to 15.3% by 2026, indicating improving profitability [4].

领益智造（002600.SZ）2024 年三季报点评 Q3 收入创历史新高，利润拐点明确 2024 年 10 月 31 日 ➢ 事件：10 月 30 日，领益智造发布 2024 年三季报，公司 2024 前三季度 实现营业总收入 314.65 亿元，同比+27.75%；实现归母净利润 14.05 亿元， 同比-24.85%；扣非归母净利润为 11.87 亿元，同比-29.54%。其中，单 Q3 实现营业收入 123.65 亿元，同比+32.14%，环比+32.66%；归母净利润为 7.13 亿元，同比+14.68%，环比+208.13%；扣非归母净利润为 6.13 亿元，同 比+0.24%，环比+175.65%。 ➢ 24Q3 收入创历史新高，利润拐点明确。2024 年下半年，随着消费电子旺 季到来，公司大客户份额&ASP 持续提升，2024 前三季度实现营业总收入 314.65 亿元，同比+27.75%，业绩规模稳健增长，其中 Q3 实现收入 123.65 亿元，创历史新高，归母净利环比大幅增长 208.13%，拐点明确。此外，公司 在持续保持搞研发投入的同时，进行产品结构优化，加强成本费用管控，整体 运营 ...