证券代码：002897 证券简称：意华股份 公告编号：2024-056 1、《第四届董事会第二十二次会议决议》。 特此公告。 温州意华接插件股份有限公司 温州意华接插件股份有限公司 第四届董事会第二十二次会议决议公告 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。 温州意华接插件股份有限公司（以下简称"公司"）第四届董事会第二十二次 会议于 2024 年 10 月 9 日在公司一楼会议室以现场会议的方式召开，本次会议的 会议通知已于 2024 年 9 月 30 日以通讯或电子邮件的方式发出。本次会议应出席 董事 9 名，实际出席会议董事 9 名。本次会议由董事长蔡胜才先生主持。会议的 召集、召开符合《中华人民共和国公司法》和《公司章程》等有关规定。会议审 议并通过以下决议： 一、审议通过《关于新增募集资金专项账户的议案》 公司本次增设募集资金专项账户符合募集资金管理相关规定，有助于提高募 集资金的管理效率，不影响募集资金投资计划，不存在损害公司及股东利益的情 形，同意部分募投项目的实施主体公司子公司乐清意华新能源科技有限公司在宁 波银行股份有限公司温州乐清支行 ...

Investment Rating - The report maintains a "Buy" rating for the company, indicating a positive outlook for its stock performance relative to the market index [4]. Core Views - The company reported a revenue of 3.172 billion with a year-on-year growth of 42.63%, and a net profit attributable to shareholders of 173 million, reflecting a significant increase of 161.92% [1]. - The gross profit margin improved to 18.76%, up by 1.47% year-on-year, while the net cash flow from operations reached 244 million, a turnaround from a negative cash flow of 94 million in the same period last year [1]. - The company is benefiting from the recovery in the domestic consumer electronics industry and the increasing demand for connectors driven by the growth in internet and data center sectors [1]. Summary by Sections Financial Performance - Revenue for the first half of 2024 was 3.172 billion, a 42.63% increase year-on-year, with a net profit of 173 million, up 161.92% [1]. - The gross profit margin was 18.76%, an increase of 1.47% year-on-year, while the sales expense ratio, management expense ratio, and R&D expense ratio were 2.01%, 4.89%, and 3.37% respectively [1]. - The company’s cash flow from operations was positive at 244 million, compared to a negative cash flow of 94 million in the previous year [1]. Revenue Composition - Revenue from communication connectors was 469 million, a slight increase of 0.39% year-on-year, while consumer electronics connectors generated 155 million, up 34.65% [1]. - Revenue from automotive and other connectors surged to 489 million, reflecting a growth of 130.84%, and solar mounting structures contributed 1.932 billion, a 41.13% increase [1]. - Domestic revenue reached 1.280 billion, growing by 43.89%, while international revenue was 1.765 billion, up 38.59% [1]. Industry Outlook - The consumer electronics sector in China is showing signs of recovery, with smartphone production increasing by 9.7% year-on-year [1]. - The automotive industry also reported growth, with production and sales increasing by 4.9% and 6.1% respectively, and new energy vehicles seeing a significant rise in market share [1]. - In the U.S., solar photovoltaic capacity is expected to see substantial growth, with projections indicating a doubling of new installations compared to the previous year [1]. Future Projections - The company is expected to achieve revenues of 7.043 billion, 8.455 billion, and 10.283 billion for the years 2024, 2025, and 2026 respectively, with net profits projected at 366 million, 483 million, and 628 million [5]. - The report anticipates a significant increase in earnings per share (EPS) from 0.72 in 2023 to 3.24 by 2026, reflecting strong growth potential [5].

证券代码：002897 证券简称：意华股份 公告编号：2024-055 温州意华接插件股份有限公司 关于为子公司提供担保的公告 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。 一、担保事项审批情况 温州意华接插件股份有限公司（以下简称"公司"）于 2024 年 4 月 25 日召开 的第四届董事会第二十次会议及 2024 年 5 月 20 日召开的 2023 年年度股东大会 审议通过了《关于为子公司提供担保的议案》，同意公司为全资子公司及控股子 公司的融资提供担保，担保的总额度不超过 230,000 万元。详情可参考公司刊登 在巨潮资讯网 （http://www.cninfo.com.cn）的有关公告。 公司近日与中国光大银行股份有限公司温州乐清支行签订了《最高额保证合 同》（编号：WZYQZBZ20240008），公司为全资子公司乐清意华新能源科技有限 公司（以下简称"意华新能源"）向中国光大银行股份有限公司温州乐清支行申 请的综合授信提供担保，担保金额为人民币 9,000 万元。 二、被担保方的基本情况 统一社会信用代码：91330382355397625 ...

中信证券股份有限公司 关于温州意华接插件股份有限公司 使用部分暂时闲置募集资金进行现金管理的核查意见 中信证券股份有限公司（以下简称"中信证券"、"保荐机构"）作为温州意华接插件股 份有限公司（以下简称"意华股份"、"公司"）向特定对象发行A股股票的保荐机构，根据 《证券发行上市保荐业务管理办法》《深圳证券交易所股票上市规则（2024 年修订）》 《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》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》等有关法律法规和规范性文件的 要求，对公司使用部分暂时闲置募集资金进行现金管理事项进行了核查，具体情况如下： 一、募集资金基本情况 经中国证券监督管理委员会《关于同意温州意华接插件股份有限公司向特定对象发 行股票注册的批复》（证监许可〔2023〕887 号），公司向特定对象发行人民币普通股 （A 股）16,567,996 股，发行价格 32.19 元/股，募集资金总额 533,323,791.24 元，扣除发 行费用 12,514,686.79 元（不含增值税），实际募集资金净额为人民币 520,809,104.45 元。立信会计师事 ...

证券代码：002897 证券简称：意华股份 公告编号：2024-050 温州意华接插件股份有限公司 第四届监事会第十六次会议决议公告 本公司及监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。 温州意华接插件股份有限公司（以下简称"公司"）第四届监事会第十六次会 议于 2024 年 8 月 28 日在公司一楼会议室以现场会议的方式召开，本次会议的会 议通知已于 2024 年 8 月 16 日以通讯或电子邮件的方式发出。本次会议应出席监 事 3 名，实际出席会议监事 3 名。本次会议由监事会主席金爱钗女士主持。会议 的召集、召开符合《中华人民共和国公司法》和《公司章程》等有关规定。会议 审议并通过以下决议： 一、审议通过《2024 年半年度报告及摘要》 表决结果：同意 3 票，弃权 0 票，反对 0 票。 经审核，监事会认为：董事会编制和审核公司《2024 年半年度报告》及其 摘要的程序符合法律、行政法规和中国证监会的规定，报告内容真实、准确、完 整地反映了公司的实际情况，不存在任何虚假记载、误导性陈述或者重大遗漏。 《 2024 年 半 年 度 报 告 及 其 摘 要 》 ...

Financial Performance - The company's revenue for the first half of 2024 reached ¥3,171,707,184.65, representing a 42.63% increase compared to ¥2,223,749,521.32 in the same period last year[11]. - Net profit attributable to shareholders was ¥173,405,151.78, a significant increase of 161.92% from ¥66,205,945.66 in the previous year[11]. - The net profit after deducting non-recurring gains and losses was ¥160,733,197.64, up 171.99% from ¥59,094,682.14 year-on-year[11]. - Basic earnings per share rose to ¥0.97, reflecting a 148.72% increase from ¥0.39 in the same period last year[11]. - Total operating revenue reached ¥3,171,707,184.65, representing a year-on-year increase of 42.63% compared to ¥2,223,749,521.32[27]. - The company reported a significant increase of 360.23% in cash generated from operating activities, totaling ¥243,812,315.34, compared to a negative cash flow of -¥93,690,208.60 in the previous year[26]. - The company's total liabilities increased to ¥1,396,639,046.92 in the first half of 2024 from ¥1,298,182,805.85 in the same period of 2023, reflecting a growth of 7.6%[121]. - Total equity rose to ¥1,444,161,389.15 in the first half of 2024, compared to ¥860,720,472.53 in the first half of 2023, marking an increase of 67.5%[121]. Cash Flow and Liquidity - The net cash flow from operating activities improved to ¥243,812,315.34, a turnaround from a negative cash flow of -¥93,690,208.60 in the previous year, marking a 360.23% increase[11]. - Cash and cash equivalents increased by ¥484,634,068.17, a significant rise of 302.56% compared to the previous period[27]. - The company's cash and cash equivalents increased to ¥1,072,771,051.20 as of June 30, 2024, compared to ¥523,099,106.22 at the beginning of the period, representing a growth of approximately 105%[114]. - The company reported a net increase in cash and cash equivalents for the first half of 2024 was ¥41,157,321.14, compared to a decrease of ¥6,643,993.64 in the same period of 2023[129]. Assets and Investments - Total assets at the end of the reporting period were ¥6,586,713,415.84, a 19.34% increase from ¥5,519,055,345.20 at the end of the previous year[11]. - The company has expanded its overseas assets, including investments in renewable energy companies in Thailand and Hong Kong, with a total investment of approximately 100 million Thai Baht[32]. - The company reported a significant increase in investment amounting to ¥444,235,900, representing a 14,707.86% increase compared to the previous year[38]. - The total financial assets at the end of the reporting period amounted to ¥88,188,133.96, with a notable increase in derivative financial assets to ¥30,000,000[35]. Research and Development - Research and development expenses increased by 4.23% to ¥106,838,379.01 from ¥102,499,070.54, indicating a continued focus on innovation[26]. - The company has accumulated 65 invention patents and 585 utility model patents, showcasing its commitment to technological advancement and innovation[23]. - The company emphasizes innovation in product development and manufacturing technology, establishing a robust R&D system to meet market demands[21]. Market Strategy and Operations - The company focuses on connector business and solar tracking bracket manufacturing, with a strong emphasis on R&D in 5G, 6G, and optical communication modules[18]. - The company has established a solid partnership with NEXTracker, a leading player in the global photovoltaic system market, enhancing its market presence[19]. - The company employs a direct sales model, engaging with clients through product promotions, industry exhibitions, and customer visits[20]. - The company operates production bases in Wenzhou, Tianjin, Thailand, and the USA, focusing on core components for photovoltaic brackets and various types of connectors[21]. Risk Management - The company emphasizes the importance of understanding the risks associated with forward-looking statements in the report[1]. - The company is facing risks related to raw material price fluctuations, particularly for gold, steel, copper, and plastics, but has strong cost management capabilities to mitigate these risks[57]. - The company has established a management system for forward foreign exchange trading to mitigate risks associated with currency fluctuations[45]. Shareholder and Corporate Governance - The company plans not to distribute cash dividends or issue bonus shares for this reporting period[1]. - The company maintains a strong commitment to protecting shareholder rights and enhancing information disclosure quality[67]. - The company has implemented a performance evaluation system to support employee development and ensure a safe working environment[67]. Environmental and Social Responsibility - The company emphasizes environmental protection and sustainable development, optimizing product structure to reduce waste rates and production costs[68]. - The company is committed to social responsibility, actively participating in community construction and charitable activities[68]. Financial Reporting and Compliance - The half-year financial report has not been audited[69]. - The financial report for the first half of 2024 has not been audited[113]. - The financial report has been approved by the board of directors on August 28, 2024, ensuring compliance with accounting standards[145].

Investment Rating - The report assigns a "Buy" rating for the company, marking its first coverage [2][3]. Core Insights - The company specializes in connector and solar mounting bracket businesses, with significant growth expected in both sectors due to rising demand from major clients like Huawei and the expansion of the solar energy market [2][3]. - The company plans to raise funds through a stock issuance to enhance production capabilities and support growth initiatives [2][3]. Summary by Sections Business Overview - The company focuses on traditional and high-speed communication connectors, consumer electronics connectors, automotive electronic connectors, and solar mounting brackets [2][10]. - The company has established a strong client base, particularly with Huawei, which is expected to drive significant revenue growth [2][37]. Financial Projections - Revenue is projected to grow significantly, with estimates of CNY 70.63 billion (+39.6%), CNY 88.89 billion (+25.9%), and CNY 107.65 billion (+21.1%) for 2024-2026 [3][55]. - Net profit is expected to reach CNY 3.83 billion (+213.1%), CNY 5.20 billion (+35.9%), and CNY 6.29 billion (+21.0%) during the same period [3][55]. Connector Business - The communication connector segment is anticipated to benefit from the increasing demand for AI servers, with projected revenues of CNY 12.77 billion (+30%), CNY 16.60 billion (+30%), and CNY 21.58 billion (+30%) from 2024 to 2026 [2][53]. - The company’s connectors are crucial for data centers and telecommunications, with a significant market share in China [21][24]. Solar Mounting Bracket Business - The solar mounting bracket business is expected to accelerate performance, with projected revenues of CNY 43.91 billion (+40%), CNY 56.21 billion (+28%), and CNY 67.45 billion (+20%) from 2024 to 2026 [2][53]. - The company has established multiple subsidiaries in the U.S. to cater to local demand, which is expected to mitigate potential tariff impacts [2][40]. Market Trends - The global connector market is projected to exceed USD 100 billion by 2024, with China being the largest market [17][21]. - The solar industry is experiencing rapid growth, with expectations of significant increases in installed capacity globally [29][30]. Competitive Position - The company has a competitive edge due to its established relationships with major clients and its ability to innovate in product development [2][37]. - The company’s focus on high-precision mold development enhances its production capabilities and product quality [45][46].

温州意华接插件股份有限公司（以下简称"公司"） 于 2024 年 4 月 25 日召 开的第四届董事会第二十次会议，审议通过了《关于变更注册资本暨修订〈公 司章程〉的议案》。具体内容详见公司披露于巨潮资讯网（http://www.cninfo.com.cn） 的《关于变更注册资本暨修订〈公司章程〉的公告》（公告编号：2024-034）。 近日，公司已完成上述变更登记手续，并取得浙江省市场监督管理局颁发的 营业执照，基本情况如下： 证券代码：002897 证券简称：意华股份 公告编号：2024-048 温州意华接插件股份有限公司 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、完整，没有虚假 记载、误导性陈述或重大遗漏。 8、经营范围:接插件、接插件端子、模具的研发、生产和销售；货物进出口、 技术进出口；电镀加工（另设分支机构经营场所：乐清市环保产业园区 C1 地块； 乐清市翁垟街道创新创业园区 A 地块）。（依法须经批准的项目，经相关部门批 准后方可开展经营活动）。 特此公告。 温州意华接插件股份有限公司 1、名称：温州意华接插件股份有限公司 2、统一社会信用代码：913303 ...

Investment Rating - Buy (Maintained) [10] Core Views - The company is expected to maintain strong growth driven by its dual business segments: photovoltaic (PV) brackets and high-speed connectors [12] - The PV bracket business benefits from robust global demand for solar installations, with overseas production capacity expansion enhancing profitability [4] - The high-speed connector business is recovering, supported by AI-driven demand for high-speed communication products [20] - The company is one of the few domestic players capable of mass-producing high-speed connectors, with a competitive edge in the market [20] Financial Performance and Forecast Revenue and Profit Growth - Revenue is projected to grow from RMB 5,059 million in 2023 to RMB 9,911 million in 2026, with a CAGR of 25% [1] - Net profit is expected to increase from RMB 122 million in 2023 to RMB 598 million in 2026, with a CAGR of 70% [1] - EPS is forecasted to rise from RMB 0.63 in 2023 to RMB 3.08 in 2026 [1] Profitability Metrics - ROE is expected to improve from 7% in 2023 to 19% in 2026 [1] - Net profit margin is projected to increase from 1.8% in 2023 to 6.1% in 2026 [17] Valuation Metrics - P/E ratio is expected to decline from 64.4 in 2023 to 13.2 in 2026, indicating improving valuation attractiveness [1] - P/B ratio is forecasted to decrease from 4.5 in 2023 to 2.5 in 2026 [1] Business Segments Photovoltaic (PV) Bracket Business - The company has established a strong presence in the global PV bracket market, with partnerships with leading North American and European manufacturers [4] - Overseas production facilities in Thailand and the US help mitigate tariff risks and enhance cost efficiency [4] - Global PV installations are expected to grow from 390GW in 2023 to 512-587GW by 2030, providing significant growth opportunities [4] High-Speed Connector Business - The company is a leading domestic player in high-speed connectors, with products like SFP, SFP+, and QSFP56/QSFP-DD 200G/400G connectors [20] - AI-driven demand for high-speed communication products is expected to boost growth, with the market moving towards 56G-112G-224G standards [20] - The company has established partnerships with major clients like Huawei and ZTE, and is well-positioned to benefit from the automotive connector market [20] Operational Highlights - The company's Q2 2024 performance showed strong growth, with non-GAAP net profit increasing by 74.48% YoY and 1.9% QoQ [13] - The US PV bracket factory is in the ramp-up phase, with orders gradually being fulfilled, contributing to improved profitability [13] - The company's gross margin improved slightly in Q1 2024, reaching 17.8%, with net profit margin increasing to 5.85% [13] Industry Outlook - The global PV market is expected to maintain strong growth, with US and European installations projected to increase significantly in the coming years [4] - The high-speed connector market is poised for growth, driven by AI and data center demand, with the company well-positioned to capitalize on this trend [20]

Financial Performance - The company expects a net profit attributable to shareholders of 160 million to 190 million yuan, representing a year-on-year growth of 141.67% to 186.98%[3] - The net profit after deducting non-recurring gains and losses is projected to be 150 million to 180 million yuan, indicating a year-on-year increase of 153.83% to 204.60%[3] - Basic earnings per share are estimated to be between 0.82 and 0.98 yuan, compared to 0.39 yuan in the same period last year[3] Business Development - The company's main business continues to develop steadily, with significant growth in the photovoltaic bracket and connector segments due to increased demand from the internet and big data industries[5]