Financial Performance - The company's revenue for Q1 2025 was CNY 2,489,088,728.63, representing a 25.03% increase compared to CNY 1,990,785,130.49 in the same period last year[4]. - Net profit attributable to shareholders was CNY 155,479,820.09, up 9.27% from CNY 142,283,578.15 year-on-year[4]. - Basic and diluted earnings per share increased by 11.11% to CNY 0.30 from CNY 0.27 in the same period last year[4]. - Net profit for the period reached ¥156,672,312.18, compared to ¥143,366,029.98, marking an increase of approximately 9%[24]. - The total comprehensive income amounted to ¥156,005,689.54, compared to ¥140,638,115.85 in the previous period, reflecting a growth of about 10.9%[25]. Cash Flow - The net cash flow from operating activities decreased significantly by 71.86%, amounting to CNY 29,625,472.84 compared to CNY 105,266,946.92 in the previous year[4]. - Cash inflow from operating activities was ¥2,589,773,415.37, compared to ¥1,835,223,922.32 in the previous period, marking an increase of about 41.1%[27]. - Cash flow from investing activities resulted in a net outflow of ¥64,975,356.17, compared to a net inflow of ¥23,091,741.16 in the previous period[28]. - Cash flow from financing activities generated a net inflow of ¥50,922,142.95, reversing from a net outflow of ¥28,190,152.62 in the previous period[29]. - The ending cash and cash equivalents balance was ¥971,603,176.76, down from ¥1,300,159,549.74 in the previous period, a decrease of approximately 25.3%[29]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 11,987,755,871.10, a decrease of 1.78% from CNY 12,205,113,689.67 at the end of the previous year[4]. - Total liabilities decreased to ¥5,339,968,797.69 from ¥5,715,564,624.18, a reduction of approximately 6.6%[21]. - Current assets totaled ¥8,307,512,090.78, down from ¥8,766,681,779.13, a decrease of about 5.2%[21]. - The company’s equity attributable to shareholders rose to ¥6,615,222,159.25 from ¥6,457,446,449.94, an increase of approximately 2.5%[21]. Expenses - The company reported a significant increase in management expenses by 32.62%, totaling CNY 61,031,360.02 compared to CNY 46,019,434.29 in the previous year[11]. - Total operating costs rose to ¥2,361,039,262.66, compared to ¥1,854,510,938.55, reflecting an increase of about 27%[24]. - Research and development expenses amounted to ¥187,005,826.99, up from ¥160,352,837.33, indicating a growth of around 17%[24]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 32,408[13]. - Jiangsu Huayue Investment holds a 51.60% stake with 270,851,352 shares, making it the largest shareholder[15]. - The top 10 shareholders do not have any reported relationships or agreements indicating they are acting in concert[16]. - The company has no reported changes in the participation of the top 10 shareholders in margin financing and securities lending activities[16]. - The total number of preferred shareholders is not applicable, indicating no preferred shares are currently issued[17].

深圳市南山区前海周大福金融大厦南塔（HyQ 前坊）10 楼 10/F, HyQ, Chow Tai Fook Finance Tower, Qian Hai, Shenzhen 518052, China 电话 Tel: +86 755 8351 7570 传真 Fax: +86 755 8351 5502 电邮 Email: shenzhen@tongshang.com 网址 Web: www.tongshang.com 北京市通商（深圳）律师事务所 关于惠州市华阳集团股份有限公司 2024 年年度股东大会的法律意见书 致：惠州市华阳集团股份有限公司 北京市通商（深圳）律师事务所（以下简称"本所"）接受惠州市华阳集团 股份有限公司（以下简称"公司"）的委托，委派胡燕华律师、史兴浩律师出席 了公司 2024 年年度股东大会（以下简称"本次股东大会"），并根据《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》等中国 法律、法规及规范性文件（以下简称"相关法律、法规"，为本法律意见书之目 的，"中国"不包括香港特别行政区、澳门特别行政区和台湾地区）以及《惠州 市华阳集团股份有限公司章程 ...

证券代码：002906 证券简称：华阳集团 公告编号：2025-020 惠州市华阳集团股份有限公司 2024年年度股东大会决议公告 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。 特别提示： 1、本次股东大会未出现否决议案的情形； 2、本次股东大会不涉及变更以往股东大会已通过的决议。 一、会议召开和出席情况 1、会议召开情况 （1）会议召开时间 现场会议召开时间：2025年4月25日（星期五）15:00 网络投票时间：通过深圳证券交易所交易系统进行投票的时间为2025年4月 25日9:15-9:25,9:30-11:30和13:00-15:00；通过深圳证券交易所互联网投票系 统投票的时间为2025年4月25日9:15至15:00的任意时间。 （2）现场会议召开地点：广东省惠州市东江高新科技产业园上霞北路1号 华阳工业园A区集团办公大楼会议室。 （3）会议召开方式：本次股东大会采取现场投票与网络投票相结合的方 式。 （4）会议召集人：公司董事会 （5）会议主持人：董事长邹淦荣先生 （6）本次会议的召集、召开与表决程序符合《中华人民共和国公司法》 《上市公司股东 ...

Group 1 - UCM plans to reduce its holdings in Youde Precision (300549.SZ) by up to 1,333,400 shares, accounting for 1% of total share capital within three months after the announcement [1] - Dongtai Juheng plans to reduce its holdings in Jusa Long (301131.SZ) by up to 477,909 shares, also representing 1% of total share capital within the same timeframe [1] - Shouzhong Education intends to reduce its holdings in Jindan Technology (300829.SZ) by up to 600,000 shares, which is 0.31% of total share capital [1] Group 2 - Zhao Hua Investment plans to reduce its holdings in Zhidi Technology (301503.SZ) by up to 336,000 shares, accounting for 0.42% of total share capital [1] - Jinfu Yuan Five Fund's shareholding in Nanjiguang (300940.SZ) has dropped to 4.9999% as of April 21, no longer qualifying as a major shareholder [1] - Executives of Yashichuangneng (603378.SH) completed their reduction plans, selling 3,311,900 shares, 406,700 shares, and 319,300 shares respectively [1] Group 3 - Shanghai Houxu did not reduce its holdings in Baoli Food (603170.SH) during the planned reduction period, which was set to be up to 12,000,300 shares [2] - Supervisors and executives of Hongyuan Electronics (603267.SH) completed their reduction plans, selling 210,000 shares and 300,000 shares respectively [3] - Major shareholders of Duolun Technology (603528.SH) reduced their holdings by 3,055,000 shares and 3,056,400 shares between April 8 and April 21 [3] Group 4 - Controlling shareholder Ningbo Sichu reduced its holdings in Shuiyou Co., Ltd. (603171.SH) by 8,135,232 shares, which is 2% of total share capital [3] - Shareholders of Kaiyin Technology (688687.SH) plan to reduce their holdings by up to 5,128,000 shares, representing 3% of total share capital [3] - Zhang Lijun from Fortune Trend (688318.SH) reduced 122,800 shares, while Qin Tao did not implement his reduction plan [4] Group 5 - Shareholders Yancheng Semiconductor and Gongqingcheng Kangseng reduced their holdings in Kangxi Communication (688653.SH) by 12,573,400 shares, accounting for 2.96% of total share capital [4] - Ali Zeta plans to reduce its holdings in Sanjiang Shopping (601116.SH) by up to 16,430,352 shares, which is 3% of total share capital [4] - Shareholder Yuming Yao plans to reduce its holdings in Shenli Co., Ltd. (603819.SH) by up to 6,531,900 shares, representing 3% of total share capital [4] Group 6 - Shandong Electric Construction completed its reduction plan for Liren New Energy (001258.SZ), selling 9,333,300 shares, which is 1% of total share capital [6] - Baishide Chuangye plans to reduce its holdings in Heyuan Gas (002971.SZ) by up to 454,064 shares through centralized bidding and 908,128 shares through block trading [6]

证券代码：002906 证券简称：华阳集团 公告编号：2025-018 惠州市华阳集团股份有限公司 关于持股5%以上股东减持股份计划的预披露公告 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。 特别提示： 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）合计持有本公司股份36,735,583股（占本公司总股本比例7.00%），二 者为一致行动人，计划自本次减持计划公告之日起15个交易日后的三个月内通 过集中竞价或大宗交易方式合计减持本公司股份不超过7,873,605股（即不超过 本公司总股本的1.5%）。 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 到公司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"）发来的《关 于股份减持计划的告知函》，现根据法律法规要求，将相关情况公告如下： 一、股东的基本情 ...

Group 1 - The core viewpoint of the article highlights Shanxi Huayang Group's transformation through technological innovation, showcasing a shift from traditional manual operations to intelligent systems for safer and more efficient production [2] - Huayang Group continuously explores technological innovation and transformation, turning advanced concepts into practical productivity, thus injecting new momentum into high-quality development [3] - The implementation of intelligent inspection robots and a 2540-meter-long belt conveyor at Huayang No. 1 Mine demonstrates significant improvements in safety, energy conservation, and efficiency [3] Group 2 - The "pipe instead of roadway" technology at Huayang No. 2 Mine has effectively reduced construction needs and alleviated tight connections within the mine, achieving an average gas concentration of 0.20% [4] - The company aims to achieve a "zero excess" target for gas concentration through enhanced equipment management and pipeline maintenance [4] - Huayang Group is integrating artificial intelligence into various mining processes, enhancing the overall intelligence level of coal mining operations [5] Group 3 - The company is committed to building a comprehensive intelligent control system that optimizes production scheduling and improves disaster warning capabilities [5] - There is a focus on developing high-skilled talent to support the intelligent construction of coal mines, addressing talent bottlenecks through collaboration with educational institutions [6] - The collective efforts of Huayang employees aim to contribute to the modernization of Shanxi, reflecting the company's commitment to high-quality development [6]

证券代码：002906 证券简称：华阳集团 惠州市华阳集团股份有限公司投资者关系活动记录表 编号：2025-004 | | 特定对象调研 □分析师会议 | | --- | --- | | 投资者关系活动类 | □媒体采访 ☑业绩说明会 | | | □新闻发布会 □路演活动 | | 别 | □现场参观 | | | □其他 （请文字说明其他活动内容） | | 参与单位名称及人 | 参与公司2024年度网上业绩说明会的投资者 | | 员姓名 | | | 时间 | 2025年4月14日下午15:00至17:00 | | | 深圳证券交易所"互动易"平台 | | 地点 | （http://irm.cninfo.com.cn） | | 形式 | 网络远程方式 | | 上市公司接待人员 | 董事长、总裁 邹淦荣先生 | | | 财务负责人 彭子彬先生 | | | 董事会秘书 李翠翠女士 | | 姓名 | 独立董事 冯国灿先生 | | | 保荐代表人 黄小年女士 1、公司本期盈利水平如何 | | | 答：您好！公司2025年第一季度情况请届时关注公司公 告。谢谢！ | | | 2、公司一季度业务增长同比大幅放缓，随着下半年 ...

Investment Rating - The report maintains a "Buy" rating for the company with a target price of 44.66 CNY, based on an average PE valuation of 29 times for 2025 [2][5]. Core Insights - The automotive electronics business is experiencing rapid growth, with a significant increase in revenue and an optimized customer structure [1][9]. - The company forecasts net profits for 2025-2027 to be 811 million, 1,012 million, and 1,253 million CNY respectively, reflecting a growth rate of 24.5% and 24.9% for 2026 and 2027 [2][4]. Financial Performance - The company reported a revenue of 10,158 million CNY in 2024, a year-on-year increase of 42.3%, with a net profit of 651 million CNY, up 40.1% [9]. - The gross margin for 2024 was 20.7%, with a slight decline due to accounting changes, while operating cash flow improved by 33.4% [9]. - The automotive electronics segment generated 76.03 billion CNY in revenue, marking a 57.6% increase, with significant market share gains in HUD and wireless charging products [9]. Financial Projections - Revenue projections for 2025, 2026, and 2027 are 12,469 million, 14,699 million, and 17,273 million CNY respectively, with corresponding growth rates of 22.8%, 17.9%, and 17.5% [4][12]. - The company expects to maintain a net profit margin of around 6.5% to 7.3% over the forecast period, with a return on equity projected to rise from 9.1% in 2023 to 15.0% in 2027 [4][12].

登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：002906 证券简称：华阳集团 公告编号：2025-017 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 ■ 二、购买上述理财风险提示及风险控制措施 1、风险提示 公司投资的理财产品属于低风险投资品种，但金融市场受宏观经济的影响较大，不排除该项投资受到市 场波动的影响。公司将根据经济形势以及金融市场的变化适时适量的介入。 2、风险控制措施 针对投资风险，上述投资将严格按照公司相关规定执行，有效防范投资风险，确保资金安全。 （1）严格筛选投资对象，选择信誉好、规模大、有能力保障资金安全，资金运作能力强的单位所发行 的产品； 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 ...

证券代码：002906 证券简称：华阳集团 公告编号：2025-017 1、风险提示 公司投资的理财产品属于低风险投资品种，但金融市场受宏观经济的影响 较大，不排除该项投资受到市场波动的影响。公司将根据经济形势以及金融市 场的变化适时适量的介入。 2、风险控制措施 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 ...