Group 1: Company Overview and Activities - Huayang Group is actively engaging with investors through specific research activities and site visits [2][3]. - The company has a comprehensive product line in the automotive display sector, including TFT and OLED screens, HUDs, and more [3][4]. Group 2: Product Development and Innovations - The newly launched 3D AR-HUD product enhances driving experience with improved information readability and integration of autonomous driving data [4]. - Digital acoustic products have seen significant market progress, with collaborations established with major clients like Geely and Xpeng [4]. - Precision motion mechanism products are expanding in demand, with new projects secured from various automotive manufacturers [4]. Group 3: Market Expansion and Competitive Strategy - The company is increasing its overseas market presence, with projects for international clients such as Stellantis and Hyundai [6]. - To maintain core competitiveness, the company focuses on product innovation, technological advancement, and cost control [6].

Group 1: Investor Relations Activities - Various investor relations activities were conducted, including analyst meetings, media interviews, performance briefings, press releases, roadshows, and site visits [1] - Participants included representatives from multiple financial institutions such as Dongwu Securities, Huatai Securities, and Qianhai Kaiyuan Fund [1] Group 2: Company Overview - The report pertains to Huayang Group Co., Ltd., with the stock code 002906 [2] - The investor relations activity took place on December 26, 2024, at the company's industrial park in Huizhou, Guangdong Province [4] Group 3: Business Insights - The company has over 20 years of experience in the automotive electronics sector, focusing on three main areas: smart cockpits, intelligent driving, and connected vehicles [4] - In 2024, the company ranked first in the domestic market share for HUD and vehicle wireless charging products, with increasing market share in display and cockpit domain control products [4] - New projects have been secured with major automotive clients, including Changan, Geely, and BYD, indicating a strong growth trajectory [4] Group 4: Product Development and Competitive Advantage - The company is enhancing its digital acoustic products, achieving significant market penetration with clients like Geely and BAIC [6] - The cockpit domain control products are customizable and are expected to see rapid production scale-up due to new projects with various automotive manufacturers [6] - The company emphasizes continuous R&D investment to maintain product competitiveness and improve cost management [6] Group 5: Future Outlook - The precision die-casting business is expanding, with applications in key automotive components, driven by trends in lightweight, electrification, and intelligence in vehicles [6] - The company anticipates sustained growth in new orders and production capacity in the coming years [6]

证券代码：002906 证券简称：华阳集团 公告编号：2024-074 惠州市华阳集团股份有限公司 关于使用部分闲置募集资金进行现金管理的进展公告 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。 惠州市华阳集团股份有限公司（以下简称"公司"）于 2024 年 8 月 16 日召 开的第四届董事会第十六次会议审议通过了《关于使用部分闲置募集资金进行现 金管理的议案》，同意公司及控股子公司使用总额度不超过人民币 40,000 万元 的闲置募集资金进行现金管理，额度使用期限为自本次董事会审议通过之日起 12 个月，并授权管理层在额度范围内行使具体操作的决策权并签署相关合同文 件 。 具 体 内 容 详 见 公 司 于 2024 年 8 月 20 日刊登在巨潮资讯网 （http://www.cninfo.com.cn）和《证券时报》《中国证券报》《上海证券报》 上的《关于使用部分闲置募集资金进行现金管理的公告》（公告编号：2024-047）。 近日，公司全资子公司惠州华阳通用电子有限公司、惠州市华阳多媒体电子 有限公司分别使用暂时闲置募集资金人民币 8,000 万元、 ...

证券代码：002906 证券简称：华阳集团 公告编号：2024-073 惠州市华阳集团股份有限公司 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。 根据《中华人民共和国外商投资法》《市场监管总局关于贯彻落实<外商投 资法>做好外商投资企业登记注册工作的通知》（国市监注[2019]247 号）之相关 规定，惠州市华阳集团股份有限公司（以下简称"公司"）全资子公司惠州华阳 通用电子有限公司（以下简称"华阳通用"）、惠州市华阳多媒体电子有限公司 （以下简称"华阳多媒体"）、惠州市华阳精机有限公司（以下简称"华阳精机"）、 惠州市华阳数码特电子有限公司（以下简称"华阳数码特"）于近日完成了公司 类型的工商变更登记手续，并取得了惠州仲恺高新区管理委员会市场监督管理局 换发的《营业执照》。现将有关情况公告如下： 关于全资子公司完成工商变更登记的公告 注：华阳通用、华阳多媒体、华阳精机、华阳数码特均由公司及公司设立在香港的全资 子公司华旋有限公司持股，公司直接和间接持有上述子公司 100%股权。 除上述变更外，华阳通用、华阳多媒体、华阳精机、华阳数码特《营业执照》 的其他登 ...

Group 1: Automotive Electronics Product Lines - The company has a diverse range of automotive electronic products, with significant year-on-year sales growth in cockpit domain controllers, display screens, HUDs, and wireless charging systems. These products are expected to maintain a high growth trend in the future [1] - The HUD product line has secured projects with major international automotive groups, achieving a domestic market share of 22.0% from January to October 2024, ranking first in the market [2] - The company is continuously investing in R&D to ensure technological advancement in HUD products, with recent upgrades including 5.1-inch TFT HUD mass production and the introduction of AR-HUD and VPD technologies [2] Group 2: Digital Acoustics and Precision Die Casting - The company has developed systematic capabilities in digital acoustics, with significant market progress and project acquisitions from clients like Geely and BAIC [2] - The precision die casting business has seen a compound annual growth rate (CAGR) of over 30% from 2019 to 2023, positioning the company as one of the most competitive in the domestic market [4] - The precision die casting sector is expanding into new applications, including key components for electric and intelligent vehicles, with a focus on increasing production capacity and securing new orders [4] Group 3: R&D Investment and Competitive Advantage - The company prioritizes R&D innovation to enhance competitiveness, with a sustained increase in R&D investment over recent years [2] - Continuous product iteration and the introduction of new products have led to improved competitiveness and business growth [2] - The company maintains strong cost control and supply chain management, providing competitive products and services to clients [2]

证券代码：002906 证券简称：华阳集团 公告编号： 2024-072 惠州市华阳集团股份有限公司 关于持股5%以上股东减持比例达到1%的公告 持股5%以上的股东中山中科股权投资有限公司、珠海横琴中科白云创业 投资基金合伙企业（有限合伙）保证向本公司提供的信息内容真实、准确、 完整，没有虚假记载、误导性陈述或重大遗漏。 本公司及董事会全体成员保证公告内容与信息披露义务人提供的信息一 致。 变动前持股比例根据2023年8月17日的总股本测算，本次减持比例0.99%，股份变 动比例1%，是该期间因公司股权激励总股本增加导致中山中科及中科白云持股比 例被动稀释。 特此公告。 惠州市华阳集团股份有限公司 董事会 二〇二四年十二月十九日 惠州市华阳集团股份有限公司（以下简称"公司"或"本公司"）于近日收 到持股5%以上股东中山中科股权投资有限公司（以下简称"中山中科"）、珠海 横琴中科白云创业投资基金合伙企业（有限合伙）（以下简称"中科白云"）（二 者为一致行动人）发来的《关于股份变动的告知函》，自前次披露减持比例达到 1%至今，即2023年8月18日至2024年12月17日期间，中山中科及中科白云通过集 中竞价交易 ...

证券代码：002906 证券简称：华阳集团 公告编号：2024-071 惠州市华阳集团股份有限公司 关于使用部分闲置募集资金进行现金管理的进展公告 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。 惠州市华阳集团股份有限公司（以下简称"公司"）于 2024 年 8 月 16 日召 开的第四届董事会第十六次会议审议通过了《关于使用部分闲置募集资金进行现 金管理的议案》，同意公司及控股子公司使用总额度不超过人民币 40,000 万元 的闲置募集资金进行现金管理，额度使用期限为自本次董事会审议通过之日起 12 个月，并授权管理层在额度范围内行使具体操作的决策权并签署相关合同文 件 。具体内容详见公司于 2024 年 8 月 20 日刊登在巨潮资讯网 （http://www.cninfo.com.cn）和《证券时报》《中国证券报》《上海证券报》 上的《关于使用部分闲置募集资金进行现金管理的公告》（公告编号：2024-047）。 近日，公司全资子公司惠州市华阳精机有限公司使用暂时闲置募集资金人民 币 3,000 万元在现金管理专用结算账户开户银行购买了理财产品；公司全资子 ...

Summary of the Conference Call on Huayang Group Company Overview - The conference call focused on Huayang Group, highlighting its growth trajectory and business segments [1][2][3]. Key Points and Arguments Historical Development - Huayang Group has experienced significant growth from 2021 to 2023, capitalizing on the electrification trend, leading to substantial product line and customer expansion [1]. - The company’s revenue has increased from 3.4 billion to the current levels, reflecting its successful adaptation to market changes [1]. Business Segments - **Core Business Segments**: - **Electronics**: This is the primary business segment, now accounting for over 70% of total revenue, up from 30% in 2002 [3][4]. - **Precision Molding**: This segment contributes approximately 20% to the company's revenue and has seen a consistent annual growth of over 20% [3][4]. - **Lifecycle of Products**: - Different product categories are at various lifecycle stages, with central control products and displays in a mature phase, while new products are in the growth phase [2]. Financial Performance - The company’s gross margin has fluctuated, with a decrease from 26% to 22% in 2023, attributed to lower margins in older products while newer products are expected to improve margins [10]. - Revenue growth is projected to continue, with expectations of a doubling from 10 billion to 20 billion in 2024, and further growth to 30 billion by 2025 [19][20]. Market Position - Huayang Group's market share in the HUD (Head-Up Display) segment has increased to 21.7%, making it the market leader, while its overall market share in the electronics segment is around 5% [12][11]. - The company is positioned as a mid-tier player in a fragmented market, with potential for growth as it continues to secure new clients and expand its product offerings [11][24]. Future Outlook - The company is expected to maintain a growth trajectory, with new product launches and client acquisitions driving revenue and profit increases [22][26]. - The anticipated profit growth rate is projected to exceed revenue growth, with estimates of over 35% in the coming years [26]. Additional Important Insights - The company’s stock is currently undervalued, trading at approximately 17-18 times earnings, suggesting potential for price appreciation as the market recognizes its growth [23][24]. - The management emphasized the importance of continuous product innovation and customer engagement to sustain growth in a competitive landscape [25][26]. This summary encapsulates the key insights from the conference call regarding Huayang Group's business strategy, financial performance, and market positioning, providing a comprehensive overview for potential investors and stakeholders.

证券代码：002906 证券简称：华阳集团 公告编号：2024-070 2023 年 6 月，安特工业收到货币补偿款人民币 10,000,000.00 元。具体内 容详见公司于 2023 年 6 月 6 日刊登在巨潮资讯网（http://www.cninfo.com.cn） 上的《关于参股公司收到旧厂房征收补偿款的进展公告》（公告编号：2023-038）。 2023 年 9 月，安特工业收到货币补偿款人民币 3,000,000.00 元。具体内容 详见公司于 2023 年 10 月 11 日刊登在巨潮资讯网（http://www.cninfo.com.cn） 上的《关于参股公司收到旧厂房征收补偿款的进展公告》（公告编号：2023-076）。 惠州市华阳集团股份有限公司 关于参股公司收到旧厂房征收补偿款的进展公告 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、情况概述 为配合惠州仲恺高新区政府主导实施的仲恺大道沿线城市更新改造（属于政 策性搬迁范畴），惠州市华阳集团股份有限公司（以下简称"公司"）参股公司 安特（惠州）工业有限公司（以下简称"安特工业"，公 ...

Group 1: HUD Product Development - The company has achieved a 21.2% market share in the domestic HUD market from January to September 2024, ranking first [1] - The company has launched a 5.1-inch TFT HUD for mass production and is advancing towards panoramic HUD technology [1] - New clients acquired since Q3 2024 include Great Wall, Changan, Chery, BYD, and Stellantis [1] Group 2: Domain Control Products - The company has diversified its cockpit domain control chip solutions, achieving mass production with significant sales growth in 2024 [2] - New orders have been secured from clients such as Chery, Changan, and BAIC, indicating a strong market demand [2] - The company has developed various integrated domain control products based on Qualcomm chips, enhancing user experience [2] Group 3: Overseas Market Expansion - The company is actively expanding its overseas market presence, with projects for international automotive clients increasing [2] - Products like wireless charging and HUD have been supplied to global clients including Stellantis and Volkswagen [2] - Future overseas business scale is expected to increase significantly [2] Group 4: Precision Die Casting Business - The precision die casting business has a compound annual growth rate of over 30% from 2019 to 2023 [2] - The company has established strong capabilities in precision mold technology and quality control, making it a competitive player in the industry [2] - The product line includes aluminum, magnesium, and zinc alloys, primarily used in key automotive components [2] Group 5: Business Layout and Development - The company has established new precision die casting production bases in Changshu and Huzhou to meet rapid business growth [4] - New subsidiaries for R&D and sales of automotive electronic products have been set up in Chongqing and Shanghai [4] - The company is collaborating with Japanese firms to establish overseas production bases [4]