Profit Distribution - The profit distribution plan approved by the board is to distribute a cash dividend of 2.50 RMB per 10 shares (including tax) based on the current share capital of 1,123,125,020 shares[4]. - The company’s cash dividend distribution reflects a commitment to returning value to shareholders while maintaining a stable financial position[4]. - The company reported a net profit of CNY 495,540,814.80 for the year 2022, with a proposed cash dividend of CNY 2 per 10 shares, totaling CNY 224,625,004.00[88]. - The total cash dividend distributed represents 100% of the total profit distribution amount, with no stock dividends or capital reserve transfers[92]. - The company’s available distributable profit at the end of the year was CNY 1,275,320,722.47[92]. - The company commits to a stable dividend distribution policy, distributing at least 30% of the annual distributable profits in cash, depending on the operational situation[167]. Financial Performance - The total financial assets at the beginning of the period were 1,267,741,679.28 RMB, with a net change resulting in an ending balance of 1,055,550,931.28 RMB[28]. - The company reported a shareholding structure with significant holdings by key executives, including the chairman and vice-chairmen[49]. - The company’s financial liabilities remain at 0.00 RMB, indicating no financial debt at the end of the reporting period[28]. - The company reported a 2023 Q3 revenue of 1,605.31 million, reflecting a significant increase compared to previous quarters[104]. Corporate Governance - The company has established a governance structure centered around the Articles of Association, enhancing operational compliance and decision-making quality[142]. - The company’s management structure ensures that board members and senior executives are appointed through legal procedures without interference from shareholders[1]. - The company has a robust performance evaluation mechanism for senior management, aligning individual goals with corporate objectives[69]. - The independent directors received an annual allowance of 80,000, with travel expenses covered by the company[100]. - The company has scheduled its annual shareholder meeting to discuss key proposals and financial reports, ensuring transparency[104]. - The company has not faced any objections from directors regarding operational matters during the reporting period[106]. Risk Management - The company emphasizes the importance of risk management in its future development outlook, urging investors to pay attention to potential risks[14]. - The company emphasizes the importance of risk management and has established a risk control management organization to oversee internal controls[167]. Employee Engagement - The company is actively pursuing employee stock ownership plans to enhance employee engagement and retention[47]. - A total of 540 employees are included in the employee stock ownership plan, holding 26,740,538 shares, which accounts for 2.38% of the company's total equity[72]. - The company has implemented an employee stock ownership plan to align employee interests with company performance[87]. - The company is committed to developing a "learning organization" by providing various training opportunities and career development plans for employees[131]. Internal Controls - The company maintained effective internal controls as of December 31, 2023, in accordance with relevant regulations[56]. - The internal control audit report received a standard unqualified opinion, indicating no significant deficiencies in non-financial reporting[140]. - The company has established a comprehensive internal control system that effectively reflects the actual situation of internal control, with no significant or important deficiencies reported during the period[167]. - The company has not disclosed any significant internal control deficiencies during the reporting period[164]. Strategic Development - The company aims to enhance new product development capabilities through the IPD2.0 process, focusing on innovation and technology transfer to improve product reliability and competitiveness[37]. - The company is committed to expanding its technological platforms and enhancing its research capabilities to support product development and innovation[37]. - The company is focusing on transforming from a component supplier to a solution provider, enhancing its core capabilities in digital management and supply chain efficiency[61]. - The company is committed to deepening its strategic directions of "Two Intelligence and One New" and "Two Transformations and One Chain" to drive future growth[61]. Subsidiaries and Investments - The company established a wholly-owned subsidiary, Liangyun (Chongqing) Electric Co., Ltd., with a registered capital of RMB 1 million, included in the consolidated financial statements for 2023[192]. - The company also set up another wholly-owned subsidiary, Shanghai Zhihui Liangxin Technology Service Co., Ltd., with a registered capital of RMB 50 million, which is also included in the consolidated financial statements for 2023[194]. - The company has proposed to increase capital for its wholly-owned subsidiary to implement fundraising projects, demonstrating commitment to growth[104]. Compliance and Transparency - The company is committed to enhancing information disclosure quality and transparency for shareholders and creditors[156]. - The company has not disclosed any important information regarding its controlling or affiliated companies during the reporting period[148]. - The company has made commitments to avoid related party transactions that could harm the interests of the issuer and its shareholders[186]. - The company has disclosed that there are no undisclosed related party transactions that should be reported according to laws and regulations[186]. Environmental and Social Responsibility - The company has implemented measures to reduce carbon emissions, as detailed in its 2023 ESG report[155]. - The company actively engages in social responsibility initiatives, supporting public welfare and promoting harmonious development with society and nature[170]. - The company has been certified under multiple quality and environmental management systems, ensuring compliance and operational efficiency across all processes[169].

Investment Rating - The report maintains a "Recommend" rating for the company [1][3] Core Views - The company's 2023 performance met expectations, with revenue reaching RMB 4,585 million, a YoY increase of 10.30%, and net profit attributable to shareholders reaching RMB 511 million, a YoY increase of 21.15% [1] - The company's gross margin improved to 32.45%, up 1.85 percentage points YoY, and the net margin increased to 11.14%, up 1 percentage point YoY [1] - The company has made breakthroughs in key markets such as construction, power, new energy, industrial control, data centers, and automotive, and is steadily expanding into emerging markets like smart homes, new energy vehicles, and power IoT [1] - The company's R&D investment reached RMB 283 million in 2023, a YoY increase of 4.88%, and it has accumulated 1,815 authorized patents, showcasing strong technological innovation capabilities [1] - The Haixi factory is fully operational, leveraging advanced manufacturing and information technologies, and is expected to handle the company's order production and delivery next year [1] Financial Performance Summary - Revenue for 2023 was RMB 4,585 million, with a projected growth of 31.8% to RMB 6,043 million in 2024, and further growth to RMB 9,537 million by 2026 [1][2] - Net profit attributable to shareholders is expected to grow from RMB 511 million in 2023 to RMB 899 million by 2026, with a CAGR of 20.7% [1][2] - The company's EPS is projected to increase from RMB 0.45 in 2023 to RMB 0.80 by 2026 [2] - The PE ratio is expected to decrease from 17x in 2023 to 10x by 2026, indicating potential undervaluation [2] Market and Industry Positioning - The company is a leading player in the high-end market of the low-voltage electrical industry, with a clear market positioning and strong R&D capabilities [1] - The company is focusing on digital transformation, introducing AI-powered customer service and exploring new business models like LDC to enhance efficiency across R&D, supply chain, and quality control [1] - The company's strategic focus on smart electrical solutions and its expansion into emerging markets like new energy vehicles and power IoT position it well for future growth [1] Valuation and Projections - The company's 2024-2026 revenue is projected to grow at a CAGR of 25.8%, reaching RMB 9,537 million by 2026 [1][2] - Net profit attributable to shareholders is expected to grow at a CAGR of 20.7%, reaching RMB 899 million by 2026 [1][2] - The company's PE ratio is expected to decline from 17x in 2023 to 10x by 2026, suggesting potential upside [2] - The PB ratio is projected to decrease from 2.1x in 2023 to 1.6x by 2026, indicating improving valuation metrics [2]

股票代码：002706 股票简称：良信股份 公告编号：2024-024 上海良信电器股份有限公司 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公告内容的真实、准确和完整，没有虚假记载、 误导性陈述或者重大遗漏。 上海良信电器股份有限公司(以下简称"公司"）《2023年年度报告》及 《2023年年度报告摘要》已于 2024年3月30日在巨潮资讯网披露。为让广大投 资者进一步了解公司2023年年度报告及年度经营情况，公司将于2024年4月8日 （星期一）举办2023年度网上业绩说明会。 二、征集问题事项 为充分尊重投资者、提升交流的针对性，现就公司2023年度业绩说明会提 前向投资者公开征集问题，广泛听取投资者的意见和建议。投资者可于2024年4 月7日（星期日）下午14:00 前访问 http://ir.p5w.net/zj/或扫描下方二维 码，进入问题征集专题页面。公司将在2023年度业绩说明会上，对投资者普遍 关注的问题进行回答。 欢迎广大投资者积极参与本次网上说明会。 特此公告！ 上海良信电器股份有限公司 一、网上业绩说明会的安排 1、召开时间：2024年4月8日（星期一）上午10 ...

证券代码：002706 证券简称：良信股份 公告编号：2024-020 上海良信电器股份有限公司 关于修订<公司章程>部分条款的公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、 误导性陈述或者重大遗漏。 上海良信电器股份有限公司（以下简称"公司"）于 2024 年 3 月 28 日召开 了第六届董事会第十九次会议，审议通过了《关于修订<公司章程>部分条款的议 案》。为切实维护公司和股东的合法权益，规范公司的组织和行为，不断完善公 司治理结构，保障公司依法合规运作及持续稳定发展，根据中国证券监督管理委 员会《上市公司章程指引（2023 修订）》、《上市公司监管指引第 3 号—上市公司 现金分红（2023 修订）》、《上市公司独立董事管理办法》、《深圳证券交易所股票 上市规则（2023 修订）》、《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（2023 修订）》、《深圳证券交易所上市公司自律监管指引第 9 号——回购股份（2023 年修订）》等法律法规、部门规章及规范性文件的最新规 定，结合公司实际情况，公司拟对现行有效的《公司章程》的部分条款进行如下 修改： | ...

2023 Environmental, Social and Governance (ESG) Report An expert in intelligent electrical solutions Table of Contents | About This Report | 01 | | --- | --- | | Message from Our | | | Chairman | 03 | | About LAZZEN | 05 | | Honors obtained | | | in 2023 | 09 | Safety Responsibility Pursuing solid and steady development | Product quality and safety | 13 | | --- | --- | | Information security protection | 18 | | Intelligent work safety | 21 | | Green and responsible supply chain | 27 | Governance Specificati ...

上海良信电器股份有限公司 2023 年度内部控制规则落实自查表 | 3、公司是否明确股东大会、董事会对关联 | 是 | | | | | --- | --- | --- | --- | --- | | 交易的审批权限，制定相应的审议程序，并 | | | | | | 得以执行。 | | | | | | 4、公司董事、监事、高级管理人员、控股 | | | | | | 股东、实际控制人及其关联人是否不存在直 | 是 | | | | | 接、间接和变相占用上市公司资金的情况。 | | | | | | 六、对外担保的内部控制 | | | | | | 1、公司是否在章程中明确股东大会、董事 | | | | | | 会关于对外担保事项的审批权限以及违反审 | 是 | | | | | 批权限和审议程序的责任追究制度。 | | | | | | 2、公司对外担保是否严格执行审批权限、 | 不适用 | | 报告期内公司不存在对外担保的情 | | | 审议程序并及时履行信息披露义务。 | | 形。 | | | | 七、重大投资的内部控制 | | | | | | 1、公司是否在章程中明确股东大会、董事 | | | | | | 会对重大投 ...

| 关于本报告 | 01 | | --- | --- | | 董事长致辞 | 03 | | 走进良信股份 | 05 | | 荣誉 2023 | 09 | | 安全履责 | | | --- | --- | | 扎实稳健发展 | 01 | | 产品质量安全 | 13 | | 信息安全防范 | 18 | | 智慧安全生产 | 21 | | 绿色责任供应链 | 27 | | 低碳环保 争做绿色先锋 | 03 | | --- | --- | | 专题：绿色技术护航企业低碳发展 | 49 | | 健全的环境管理体系 | 55 | | 资源与能源管理 | 56 | | 排放物管理 | 60 | | 绿色运营 | 62 | | 治理规范 | | | --- | --- | | 强化内部管理 | 02 | | 公司治理 | 33 | | 合规风控 | 41 | | 知识产权管理 | 46 | | 数智发展 | | | --- | --- | | 把握服务先机 | 04 | | 专题：数字智能交互引领企业来 | 65 | | 客户服务 | 71 | | 负责任营销 | 74 | 目录 CONTENTS | 携手共进 | | | ...

上海良信电器股份有限公司 审计委员会工作细则 上海良信电器股份有限公司 审计委员会工作细则 第一章 总则 第一条 为进一步完善上海良信电器股份有限公司（以下简称"公司"）董事 会的审计评价和监督机制，确保董事会对公司的有效监督，提高公司的管理效率 和工作效率，根据《中华人民共和国公司法》（以下简称《公司法》）、《中华人民 共和国证券法》（以下简称"《证券法》"）、《上市公司治理准则》、《上市公司独立 董事管理办法》、《深圳证券交易所股票上市规则》、《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》、《上海良信电器股份有限公司章 程》（以下简称"《公司章程》"）及有关法律、法规的规定，制定本工作细则。 第二条 审计委员会是由公司董事组成的专门工作机构，向董事会负责并报 告工作，代表董事会评价和监督财务会计报告过程和内部控制，以合理确信财务 报告的公允性和公司行为的合法合规性。 第二章 人员组成 第三条 审计委员会由三名董事委员组成，其中独立董事应占半数以上，独立 董事中至少有一名为会计专业人士。审计委员会成员应当为不在公司担任高级管 理人员的董事。审计委员会成员应当勤勉尽责，切实有效地监 ...

上海良信电器股份有限公司 提名委员会工作细则 上海良信电器股份有限公司 提名委员会工作细则 第一章 总则 第一条 为进一步完善上海良信电器股份有限公司（以下简称"公司"）董事 会提名委员会的议事方式和表决程序，促使提名委员会更好地履行职责，根据《中 华人民共和国公司法》（以下简称《公司法》）、《中华人民共和国证券法》（以下 简称"《证券法》"）、《上市公司治理准则》、《上市公司独立董事管理办法》\《深 圳证券交易所股票上市规则》（以下简称"《股票上市规则》"）、《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》、《上海良信电器股份 有限公司章程》（以下简称"《公司章程》"）及有关法律、法规的规定，制定本工 作细则。 第二条 提名委员会是由公司董事组成的专门工作机构，对董事会负责并报 告工作，主要负责对公司董事和高级管理人员的人选、选择标准和程序进行选择 并提出建议。 第二章 人员组成 第三条 提名委员会由三名董事委员组成，其中独立董事委员二名。 提名委员会委员由董事长或三分之一（含三分之一）以上的全体董事提名， 并由董事会选举产生，委员选举由全体董事的二分之一以上通过。 第四条 提名委 ...

东吴证券股份有限公司 关于上海良信电器股份有限公司 2023年度募集资金存放与使用情况的专项核查意见 东吴证券股份有限公司（以下简称"东吴证券"或"保荐机构"）作为上海 良信电器股份有限公司（以下简称"良信股份"或"公司"）的保荐机构，根据 《上市公司监管指引第2号——上市公司募集资金管理和使用的监管要求》、《深 圳证券交易所股票上市规则》、《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》及《深圳证券交易所上市公司自律监管指引第13号— —保荐业务》等相关法律法规和规范性文件的要求，对公司2023年度募集资金存 放与使用情况进行了核查，并发表核查意见如下： 一、募集资金基本情况 （一）实际募集资金金额、资金到位情况 经中国证券监督管理委员会《关于核准上海良信电器股份有限公司非公开发 行股票的批复》（证监许可[2022]504号）核准，公司非公开发行不超过203,824,730 股普通股，由东吴证券受托承销。截至2022年8月2日，公司实际发行普通股 104,001,367股，每股发行价为14.62元，募集资金总额1,520,499,985.54元。东吴证 券扣除含税保荐费用、承销费用人民 ...