Group 1: Business Strategy and Expansion - The company is committed to a global development strategy, expanding into North America, Europe, and Southeast Asia with multiple overseas teams [2] - Significant achievements have been made in high-end products for key clients in AI servers and automotive sectors [2] - The company is actively optimizing its product structure and expanding its international high-quality customer base, achieving breakthroughs in AIPC, AI acceleration cards, computing power, and automotive fields [4] Group 2: Operational Efficiency and Management - The company has implemented a digital transformation across the entire process from procurement to production, quality, and sales, enhancing management efficiency [3] - A lean production and comprehensive management innovation model is being promoted to solidify the company's development foundation and improve operational management [3] - The company is focused on continuous innovation in technology and enhancing operational capabilities to respond to market competition [3] Group 3: Financial Performance and Challenges - In the first half of 2024, the company achieved revenue of 2.147 billion yuan, a year-on-year increase of 5.19%, but the net profit attributable to shareholders decreased by nearly 20% [4] - Increased sales expenses due to the accelerated construction of the Thailand base and challenges in new product capacity and yield optimization have impacted profit levels [4] - The company is committed to high-quality development and accelerating the construction of the Thailand base to improve profitability [4] Group 4: Talent Development and Market Value Management - The company emphasizes the importance of attracting and nurturing talent to support sustainable development [4] - Effective investor communication channels have been established to enhance market value management and improve industry competitiveness [4] - The company has maintained a high dividend payout to shareholders since its listing, reflecting its commitment to providing substantial returns [4]

证券代码：002913 证券简称：奥士康 公告编号：2024-040 奥士康科技股份有限公司 关于参加湖南辖区 2024 年度投资者网上集体接待日活动的公告 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。 为进一步加强与投资者的互动交流，奥士康科技股份有限公司（以下简称"公 司"）将参加由湖南证监局、湖南省上市公司协会与深圳市全景网络有限公司联合举 办的"湖南辖区 2024 年度投资者网上集体接待日"活动，现将相关事项公告如下： 本次活动将采用网络远程的方式举行，投资者可登录"全景路演"网站 （https://rs.p5w.net），或关注"全景财经"微信公众号，或下载"全景路演"APP， 参与本次互动交流，活动时间为 2024 年 10 月 10 日（星期四）14：00-17：00。届时 公司高管将通过在线问答互动的形式就公司治理、发展战略、经营状况等投资者关心 的问题，与投资者进行沟通与交流，欢迎广大投资者踊跃参与。 特此公告。 奥士康科技股份有限公司董事会 2024 年 9 月 28 日 ...

[Table_Industry] [Table_Title] 评级：买入（维持） 市场价格：23.88 元/股 [Table_Finance 公司盈利预测及估值 1] 指标 2022A 2023A 2024E 2025E 2026E 营业收入（百万元） 4,567 4,330 4,928 5,872 7,050 增长率 yoy% 3% -5% 14% 19% 20% 净利润（百万元） 307 519 603 750 917 增长率 yoy% -37% 69% 16% 24% 22% 每股收益（元） 0.97 1.63 1.90 2.36 2.89 每股现金流量 3.27 2.91 6.27 3.63 4.07 净资产收益率 8% 13% 13% 14% 15% P/E 24.7 14.6 12.6 10.1 8.3 P/B 2.0 1.8 1.7 1.4 1.3 备注：股价更新于 2024 年 8 月 30 日，每股指标按照最新股本数全面摊薄 [Table_Profit] 基本状况 总股本(百万股) 317 流通股本(百万股) 256 市价(元) 23.88 市值(百万元) 7,579 流通市值(百万元) 6 ...

Financial Performance - The company's operating revenue for the first half of 2024 was CNY 2,147,370,990.70, representing a 5.19% increase compared to CNY 2,041,503,676.74 in the same period last year[11]. - The net profit attributable to shareholders of the listed company decreased by 20.04% to CNY 222,453,160.53 from CNY 278,214,809.88 year-on-year[11]. - The net profit after deducting non-recurring gains and losses was CNY 210,731,909.09, down 19.71% from CNY 262,448,395.67 in the previous year[11]. - The net cash flow from operating activities increased by 7.17% to CNY 325,298,206.94 compared to CNY 303,542,776.40 in the same period last year[11]. - The total assets at the end of the reporting period were CNY 7,769,568,972.51, a 5.62% increase from CNY 7,356,086,010.07 at the end of the previous year[11]. - The net assets attributable to shareholders of the listed company increased by 2.57% to CNY 4,213,134,678.88 from CNY 4,107,620,059.43 at the end of the previous year[11]. - Basic earnings per share decreased by 20.45% to CNY 0.70 from CNY 0.88 in the same period last year[11]. - The weighted average return on net assets was 5.29%, down from 7.09% in the previous year, a decrease of 1.80%[11]. Investment and Growth - The company plans not to distribute cash dividends or bonus shares for this reporting period[2]. - The company reported a total non-recurring profit and loss of ¥11,721,251.44, after accounting for various items including government subsidies and asset disposal losses[13]. - The PCB industry is expected to experience a compound annual growth rate (CAGR) of 5.4% from 2023 to 2028, driven by the recovery of the semiconductor industry and demand from innovative terminal products[15]. - The company focuses on high-value products such as AI servers, which are projected to account for 12.2% of overall server shipments in 2024, with a market value of $187 billion and a growth rate of 69%[17]. - In the automotive electronics sector, the demand for PCBs is expected to continue growing, with a significant increase in new energy vehicle production and sales, achieving a year-on-year growth of 30.1% and 32% respectively in the first half of 2024[18]. - The AIPC market is projected to grow at a CAGR of 44% from 2024 to 2028, with shipments expected to reach 205 million units by 2028, significantly increasing the demand for high-density interconnect (HDI) and multilayer PCBs[19]. - The company has established a global production layout with key bases in Hunan, Guangdong, and Thailand, enhancing its capacity to meet international market demands and mitigate risks from macroeconomic fluctuations[22]. Quality and Innovation - The company emphasizes product quality and has received multiple industry recognitions, including being named a national high-tech enterprise and a model factory for smart manufacturing[23]. - The company achieved breakthroughs in the development of multiple new PCB products, including high copper, automotive, energy boards, power amplifiers, antenna radar, and AI accelerator cards[25]. - The focus on high-end server products includes technological upgrades such as small-pitch BGA, SI database, back-drilling stubs, and alignment accuracy, enabling mass production capabilities[25]. - The company has established a comprehensive digital transformation across procurement, production, quality, and sales, enhancing management efficiency and cost control[26]. - A digital management platform supports real-time, visual, and controllable production resource management, optimizing resource allocation and decision-making[26]. Risk Management - The company has outlined potential risks and countermeasures in the report, emphasizing the importance of investor awareness regarding investment risks[2]. - The company is facing risks from raw material price fluctuations, particularly for copper and other commodities, and is implementing measures to manage these costs[52]. - The company emphasizes quality risk management and customer satisfaction through proactive communication and effective quality management systems[28]. Environmental Management - The company emphasizes environmental management and has obtained ISO14001 certification to mitigate environmental risks associated with its production processes[53]. - The company obtained a pollutant discharge permit on June 16, 2023, valid until June 15, 2028[62]. - The company and its subsidiaries are classified as key pollutant discharge units by environmental protection authorities[60]. - The company has implemented various environmental protection laws and standards, including the Environmental Protection Law and the Air Pollution Prevention Law[60][61]. - The company has made significant technological advancements in the research and development of products related to new energy vehicles and various control systems[25]. Shareholder Information - The annual shareholders' meeting had a participation rate of 72.72% on May 16, 2024[55]. - A total of 26 employees, including directors and senior management, hold 29,400 shares, representing 0.01% of the company's total equity[59]. - The company has no other equity incentive plans besides the existing employee stock ownership plan during the reporting period[58]. - The total number of shareholders at the end of the reporting period was 22,159, with the largest shareholder holding 50.42% of the shares[83]. - The largest shareholder, Shenzhen Beidian Investment Co., Ltd., holds 160,000,000 shares, which are pledged[83]. Financial Position - Total liabilities increased to CNY 3,556,434,293.63, up from CNY 3,248,465,950.64, representing a growth of 9.5%[100]. - Total equity rose to CNY 4,213,134,678.88 from CNY 4,107,620,059.43, an increase of 2.6%[100]. - The company reported a net profit margin improvement, with undistributed profits increasing to CNY 1,711,053,295.54 from CNY 1,598,471,687.79, a growth of 7.0%[100]. - The company’s total liabilities to equity ratio stands at approximately 0.84, indicating a stable leverage position[100]. Accounting and Reporting - The financial report for the half-year period was not audited[96]. - The company follows the accounting standards issued by the Ministry of Finance for financial reporting[126]. - The financial statements reflect the company's financial position and operating results accurately[129]. - The company adopts RMB as its accounting currency, while overseas subsidiaries use the currency of their primary economic environment[132]. - The company recognizes investment income from the difference between the fair value and book value of equity investments when losing control over subsidiaries[139].

证券代码：002913 证券简称：奥士康 公告编号：2024-038 奥士康科技股份有限公司 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。 表决结果：3 票同意，0 票反对，0 票弃权。 详见公司披露于巨潮资讯网（www.cninfo.com.cn）的《2024 年半年度报告》及披露 于《证券日报》《证券时报》和巨潮资讯网（www.cninfo.com.cn）的《2024 年半年度报告 摘要》。 三、备查文件 第三届监事会第十五次会议决议公告 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。 一、监事会会议召开情况 奥士康科技股份有限公司（以下简称"公司"）第三届监事会第十五次会议于 2024 年 8 月 17 日以电子邮件等方式向全体监事发出通知，于 2024 年 8 月 28 日（星期三）在深 圳湾创新科技中心-2 栋-2A-3201 以通讯方式召开。本次会议由监事会主席匡丽女士主持， 应出席会议监事 ...

奥士康 2023 年 ESG 报告 CONTENTS 目录 关于本报告 1 董事长致辞 4 关于奥士康 6 附录：指标索引 附录：报告鉴证 87 89 | 01 治理为"奥" | | --- | | 推动高质量企业发展 | | 治理架构 15 | | 可持续发展管理 18 | | 商业道德与行为 24 | | 02 | | --- | | 环保为"奥" | | --- | | 贡献绿色低碳发展 | | 三废治理 35 | | 资源管理 36 | | 应对气候变化 44 | | 生物多样性保护 51 | 03 职业健康与安全 员工权益与福祉 员工成长与激励 53 56 60 人才为"奥" 共筑良性企业文化 04 05 | 产品为"奥" | | --- | | 打造高质量供应链 | | 产品质量与安全 | | 客户服务与满意度 | | 创新研发与知识产权 | | 负责任供应链 | | 负责任矿产 | | 行业参与 | 善行为"奥" 打造负责任品牌 社区建设 志愿服务 84 86 数据安全与隐私保护 15 18 24 32 67 70 72 78 80 81 乡村振兴 86 奥士康 2023 年 ESG 报告 关于 ...

编制单位：奥士康科技股份有限公司 单位：人民币万元 | | | | 占用方与上市公 | 上市公司核算的 | 2024 年期初占 | 2024 年半年度占 | 2024 年半年度 | 2024 年半年度 | 2024 年半年度 | 占用形成 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 非经营性资金占用 | 资金占用方名称 | | | | | 用累计发生金额 | 占用资金的利 | 偿还累计发生 | 期末占用资金 | | 占用性质 | | | | | 司的关联关系 | 会计科目 | 用资金余额 | | | | | 原因 | | | | | | | | | （不含利息） | 息（如有） | 金额 | 余额 | | | | 控股股东、实际控制 | | - | - | - | - | - | - | - | - | - | - | | 人及其附属企业 | | | | | | | | | | | | | 小计 | | - | - | - | - | - | - | - | - | - | - | | 前控股股 ...

Investment Rating - The report maintains an "Overweight" rating for the company [1] Core Views - The company has signed a cooperation agreement with Meiko Electronics to accelerate overseas expansion Meiko will invest $20 million in the company's subsidiary JIARUIAN by April 15, 2025, with the company holding no less than 85.1% of JIARUIAN's shares post-investment This collaboration is expected to enhance the company's presence in AI servers, AIPC, communication, and automotive electronics [1] - The company plans to invest 450 million yuan in its wholly-owned subsidiary Guangdong Xizhen to expand HDI production capacity, aiming to meet the demand for high-end products in AI servers, AIPC, and automotive sectors [2] Financial Projections - Revenue is projected to be 4.93 billion yuan in 2024, 5.74 billion yuan in 2025, and 6.76 billion yuan in 2026 [2] - Net profit attributable to shareholders is expected to be 590 million yuan in 2024, 722 million yuan in 2025, and 895 million yuan in 2026 [2] - EPS is forecasted to be 1.86 yuan in 2024, 2.28 yuan in 2025, and 2.82 yuan in 2026 [3] - PE ratios are estimated at 14.10x in 2024, 11.51x in 2025, and 9.29x in 2026 [2] Operational Metrics - ROE is expected to increase from 13.54% in 2024 to 17.93% in 2026 [3] - Gross margin is projected to rise from 26.8% in 2024 to 28.1% in 2026 [5] - Operating margin is forecasted to grow from 13.5% in 2024 to 14.9% in 2026 [5] Strategic Initiatives - The company is focusing on optimizing its high-end PCB product line to cater to global demand in AI servers, AIPC, and automotive electronics [2] - The investment in Guangdong Xizhen will enhance the company's capabilities in high-end manufacturing, aligning with the demand for high-quality, high-tech products [2]

证券代码：002913 证券简称：奥士康 公告编号：2024-034 本次签署的协议仅为意向合作协议，具体的合作方案及条款将以交易双方另行签署 的正式协议为准，尚存在不确定性。 奥士康科技股份有限公司 第三届监事会第十四次会议决议公告 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。 一、监事会会议召开情况 奥士康科技股份有限公司（以下简称"公司"）第三届监事会第十四次会议于 2024 年 8 月 2 日以电子邮件等方式向全体监事发出通知，于 2024 年 8 月 6 日（星期二）在深 圳湾创新科技中心-2栋-2A-3201以通讯方式召开。本次会议由监事会主席匡丽女士主持， 应出席会议监事 3 人，实际出席会议监事 3 人。公司部分高级管理人员列席本次会议。 本次监事会会议的召开符合有关法律、行政法规、部门规章、规范性文件和《奥士康 科技股份有限公司章程》的规定。 二、监事会会议审议情况 （一）审议通过《关于与株式会社名幸电子签署<合作意向协议书>的议案》 经审议，监事会同意公司与株式会社名幸电子（株式会社メイコー）（以下简称 "Meiko"）分别通过现金方式向 ...

证券代码：002913 证券简称：奥士康 公告编号：2024-035 奥士康科技股份有限公司 关于与株式会社名幸电子签署《合作意向协议书》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。 本次合作是基于双方合作意愿形成的初步合作意向，具体的合作方案及条款 等存在不确定性。公司将按照《深圳证券交易所股票上市规则》《公司章程》等相关 规定，根据合作事项的后续进展履行相应的决策程序和信息披露义务。 如遇宏观经济、国际政治、市场环境、行业政策变化不可预计或不可抗力因 素的影响，合作可能不达预期或者无法履行。敬请广大投资者注意投资风险。 一、交易概况 奥士康科技股份有限公司（以下简称"公司"）于 2024 年 8 月 6 日召开第三届 董事会第十六次会议，审议通过《关于与株式会社名幸电子签署<合作意向协议书>的 议案》，同意公司与株式会社名幸电子（株式会社メイコー）（以下简称"Meiko"） 分别通过现金方式向公司全资子公司 JIARUIAN PTE. LTD.（以下简称"JIARUIAN"） 增资。增资完成后，公司持有 JIARUIAN 不低于 85.1%的股权 ...