Core Viewpoint - Yingzhi Technology (Zhangzhou) Co., Ltd. has recently been established with a registered capital of 10 million yuan, focusing on manufacturing plastic and rubber products, among other activities [1] Company Summary - The legal representative of Yingzhi Technology is Qiu Zhangyou [1] - The company's registered capital is 10 million yuan [1] - The business scope includes manufacturing plastic products, rubber products, plastic surface treatment, mold manufacturing and sales, sales of Class I medical devices, and manufacturing of automotive parts and accessories [1] Ownership Structure - Yingzhi Technology is jointly held by Yingchu Technology's subsidiary Yingsu Technology (Zhangzhou) Co., Ltd. and Zhangzhou Xinchenghe Investment Partnership (Limited Partnership) [1]

证券代码：002925 证券简称：盈趣科技 公告编号：2025-005 厦门盈趣科技股份有限公司 三、 业绩变动原因说明 1、2024 年度营业收入预计 34.75 亿元至 36.67 亿元，同比下降约 5%-10%， 毛利率预计同比下降约 3 个百分点。营业收入同比下降主要受家用雕刻机相关产 品和健康环境产品收入下降约 4.7 亿元的影响。毛利率同比下降主要受产品结构 变化和新产品新业务尚未上量及产能未充分利用等因素的影响。 2、2023 年度因股权激励未达成调整以前年度已计提的股份支付费用，使得 2023 年度利润总额相应增加 4,710.29 万元，2024 年度未有此项影响。 2024 年年度业绩预告 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、 本期业绩预计情况 1、业绩预告期间：2024 年 1 月 1 日至 2024 年 12 月 31 日 2、预计的经营业绩： 扭亏为盈 同向上升 √同向下降 | 项目 | | | 本报告期 | 上年同期 | | | --- | --- | --- | --- | --- | --- | | 归属于上市公 ...

%% %% 丨证券研究报告丨 公司研究丨点评报告丨盈趣科技（002925.SZ） [Table_Title] 盈趣科技 2024Q3 点评： 业绩承压，期待新业务贡献新增长 | --- | --- | |------------------------------------------|-------| | | | | 亿元，同减 14%/48%/49% ； 14%/72%/72% 。 | | | | | 分析师及联系人 [Table_Author] 蔡方羿 仲敏丽 章颖佳 SAC：S0490516060001 SAC：S0490522050001 SFC：BUV463 请阅读最后评级说明和重要声明 盈趣科技（002925.SZ） cjzqdt11111 2024-11-04 公司研究丨点评报告 相关研究 [Table_Title 盈趣科技 2024 2] Q3 点评： 业绩承压，期待新业务贡献新增长 [Table_Summary2] 事件描述 公 司 2024Q1-Q3 实现营收 / 归母净利润 / 扣 非 净 利 润 25.39/1.72/1.44 亿 元 ， 同 减 14%/48%/49%；其中 20 ...

证券代码：002925 证券简称：盈趣科技 编号：2024-004 | --- | --- | --- | --- | |----------------|-----------------------------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|------------------------------| | | √特定对象调研 | □分析师会议 | | | 投资者关系活动 | □媒体采访 | □业绩说明会 | | | 类别 | □新闻发布会 | □路演活动 | | | | □现场参观 | √其他 线上会议 | | | 参与单位名称 | | ...

Financial Performance - Revenue for Q3 2024 was ¥963,522,858.43, a decrease of 13.71% compared to the same period last year[2] - Net profit attributable to shareholders was ¥36,319,839.51, down 72.12% year-over-year[2] - Basic earnings per share decreased by 70.59% to ¥0.05[2] - Total operating revenue for the current period is ¥2,538,688,695.98, a decrease of 14.2% compared to ¥2,960,254,637.89 in the previous period[24] - Operating profit for the current period is ¥191,829,858.24, down 52.1% from ¥398,421,494.92 in the previous period[25] - Net profit for the current period is ¥184,487,538.71, a decline of 48.5% compared to ¥358,978,498.01 in the previous period[25] - Basic and diluted earnings per share decreased to ¥0.23 from ¥0.43, representing a 46.5% drop[27] - The company reported a total comprehensive income of ¥227,613,648.79, down from ¥354,838,463.09, a decrease of 36.0%[27] Assets and Liabilities - Total assets at the end of the reporting period were ¥6,976,512,875.95, a decline of 5.31% from the end of the previous year[2] - The company's total equity attributable to shareholders decreased by 6.12% to ¥4,725,078,900.12[2] - The total current assets decreased to RMB 3,483,553,844.42 from RMB 4,136,440,797.11, a decline of about 15.8%[20] - The company’s total liabilities decreased to RMB 1,989,685,311.17 from RMB 2,126,257,639.09, a reduction of approximately 6.4%[22] - The company’s long-term investments decreased to RMB 307,878,436.09 from RMB 325,373,887.23, a decrease of approximately 5.3%[20] Cash Flow - Cash flow from operating activities for the year-to-date was ¥330,655,663.84, a slight decrease of 0.22%[2] - The net cash flow from operating activities for Q3 2024 was ¥330,655,663.84, slightly down from ¥331,384,112.18 in the previous period, indicating a decrease of 0.22%[29] - The total cash outflow from operating activities was ¥2,508,112,411.87, compared to ¥2,757,757,269.06 in the prior period, reflecting a decrease of 9.05%[29] - The net cash flow from investing activities surged by 4287.01% to ¥767,976,001.92, mainly due to a decrease in wealth management purchases[7] - The cash and cash equivalents at the end of Q3 2024 amounted to ¥907,071,208.83, up from ¥356,888,662.77 in the previous period, representing an increase of 154.80%[30] Shareholder Information - The total number of common shareholders at the end of the reporting period is 31,351[8] - The largest shareholder, Shenzhen Wanlida Electronics Industry Co., Ltd., holds 49.14% of shares, totaling 382,026,400 shares[8] - The company completed a share buyback plan, repurchasing 7,858,292 shares for approximately RMB 100 million, with an average price of RMB 12.73 per share[12] - The company plans to implement a second share buyback plan with a total amount between RMB 80 million and RMB 130 million, at a maximum price of RMB 17.00 per share[15] - The company has a total of 22,122,142 shares repurchased for its own account, representing 2.85% of total shares[10] Investment Activities - Investment income decreased by 30.85% to ¥22,163,804.73, attributed to reduced returns from financial investments[6] - Investment income from associates and joint ventures increased to ¥7,490,996.86 from a loss of ¥4,284,054.30 in the previous period[24] - The company received ¥20,636,943.25 from investments during the quarter, a significant increase from ¥300,000.00 in the previous period, marking an increase of 6856.98%[29] Research and Development - R&D expenses for the current period were ¥255,113,503.64, slightly down from ¥266,276,017.25, a decrease of 4.0%[24] Other Financial Metrics - The weighted average return on net assets fell to 0.77%, a decrease of 1.86 percentage points compared to the previous year[2] - The company distributed a cash dividend of RMB 1.30 per 10 shares, totaling RMB 98,005,471.46 to shareholders[17] - Other comprehensive income after tax for the current period is ¥43,126,110.08, compared to a loss of ¥4,140,034.92 in the previous period[25]

盈趣科技（ [Table_StockNameRptType] 002925） 公司点评 | --- | --- | --- | |---------------------------------------------------------------------------------------------|----------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ ...

Investment Rating - The report maintains a "Recommend" rating for the company [4][6] Core Views - The company's core business is showing signs of recovery, and new businesses are gradually gaining traction, indicating promising future prospects [2] - Despite short-term pressure on revenue and profitability due to intensified market competition and delays in new projects, the company is actively laying the groundwork for future growth by securing new projects and clients [3] - The company's UDM intelligent manufacturing business is well-established, and with the successful mass production of electronic cigarette products and the gradual maturity of the supply chain, the company is expected to deeply participate in new product development with clients [4] - The company's automotive electronics business is growing rapidly, with strong potential seen in new products such as smart cockpits and dimming glass controllers [4] Financial Performance and Forecasts - In H1 2024, the company reported revenue of 1.575 billion yuan, a year-on-year decrease of 14.56%, with net profit attributable to the parent company of 136 million yuan, down 33.25% year-on-year [2] - In Q2 2024, revenue was 811 million yuan, a year-on-year decrease of 16.59%, with net profit attributable to the parent company of 80 million yuan, down 34.96% year-on-year [2] - The company's gross profit margin and net profit margin in H1 2024 were 28.43% and 9.2%, respectively, down 2.11 and 2.98 percentage points year-on-year [4] - The company's R&D expenses in Q2 2024 were 85 million yuan, with an R&D expense ratio increase of 1.19 percentage points year-on-year, mainly due to the continuous development of new projects [4] - The company's operating cash flow in Q2 2024 was 110 million yuan, a year-on-year decrease of 46.03%, primarily due to a decline in revenue and extended payment terms from downstream customers [4] - The company's revenue is expected to grow to 3.932 billion yuan in 2024, 5.079 billion yuan in 2025, and 6.464 billion yuan in 2026, with net profit attributable to the parent company forecasted at 461 million yuan, 636 million yuan, and 845 million yuan, respectively [5][8] Business Segments - In H1 2024, the company's innovative consumer electronics, intelligent control components, health environment products, and automotive electronics businesses generated revenues of 476 million yuan, 586 million yuan, 63 million yuan, and 267 million yuan, respectively, accounting for 30.24%, 37.19%, 3.98%, and 16.95% of total revenue [3] - The decline in innovative consumer electronics revenue was mainly due to market competition, delays in new project capacity ramp-up, and the transition between old and new projects [3] - The health environment products segment was negatively impacted by intensified market competition and inventory issues among downstream customers [3] - The automotive electronics business benefited from the rapid increase in the configuration rate of multiple new products and the successful acquisition of project orders from clients such as SAIC Audi and Kode India [3] Future Outlook - The company has secured key new project opportunities in areas such as electronic cigarettes, home engraving machines, electric bicycles, and office and simulation control, and is also making strategic moves in the smart medical field, laying the foundation for growth in the coming years [3] - The company's electronic cigarette business is expected to contribute significantly to future revenue growth, with the company having obtained the "Tobacco Monopoly Production Enterprise License" and successfully achieving mass production of electronic cigarette products [4] - The company's automotive electronics business is expected to continue its rapid growth, driven by new products such as smart cockpits and dimming glass controllers [4] Valuation and Metrics - The company's PE ratio is forecasted to be 18X, 13X, and 10X for 2024, 2025, and 2026, respectively [5][8] - The company's PB ratio is expected to be 1.7X, 1.6X, and 1.5X for 2024, 2025, and 2026, respectively [5][8] - The company's EV/EBITDA ratio is projected to be 11.87X, 8.86X, and 6.86X for 2024, 2025, and 2026, respectively [8]

证券代码：002925 证券简称：盈趣科技 厦门盈趣科技股份有限公司投资者关系活动记录表 | --- | --- | |----------------|-------------------------| | | √特定对象调研 | | 投资者关系活动 | □媒体采访 | | 类别 | □新闻发布会 | | | □现场参观 | | | | | | | | | | | | | | | | | | | | 参与单位名称及 | | | 人员姓名 | | | | | | | | | | | | | | | | | | | 理财、Pinpoint 等 75 | | 时间 | 2024 年 08 月 22 日上午 | 地点 厦门市海沧区东孚西路 100 号盈趣科技创新产业园 上市公司接待人 总裁杨明，董事会秘书、财务总监李金苗，证券事务代表高慧玲， 员姓名 董事会办公室沈念、黄飘雪 一、公司董事会秘书对 2024 年半年度经营情况及财务状况进 行汇报。 投资者关系活动 二、公司领导就以下问题与投资者进行沟通交流。 主要内容介绍 1、请分享各业务板块 2024 年上半年的业绩表现情况。 回复：您好。（1）UDM 智能制造 ...

盈趣科技 Intretech 厦门盈趣科技股份有限公司 2024年半年度报告 打造引,越立法! 公告编号：2024-064 厦门盈趣科技股份有限公司 2024 年半年度报告全文 第一节 重要提示、目录和释义 公司董事会、监事会及董事、监事、高级管理人员保证半年度报告内容的真实、准确、 完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和连带的法律责任。 公司负责人林松华、主管会计工作负责人李金苗及会计机构负责人（会计主管人员）郭 惠菁声明：保证本半年度报告中财务报告的真实、准确、完整。 所有董事均已出席了审议本次半年报的董事会会议。 本报告中涉及的未来发展陈述，属于计划性事项，不构成公司对投资者的实质承诺，投 资者及相关人士均应当对此保持足够的风险认识，并且应当理解计划、预测与承诺之间的差 异。敬请投资者注意投资风险。 公司已在报告中披露可能存在的产品主要出口的风险、客户相对集中的风险、产品毛利 率下降的风险、市场竞争风险、原材料价格波动风险、汇率波动风险、境外投资风险、投资 并购风险及商誉减值风险，敬请广大投资者查阅本半年度报告"第三节 管理层讨论与分析" 之"十、公司面临的风险和应对措施"相关内容。 ...

Tel: 资料来源：WIND，海通证券研究所 备注：PE 为 Wind 一致预期，收盘价为 5 月 31 日； [Table_MainInfo] 公司研究/造纸轻工/轻工制造 证券研究报告 盈趣科技（002925）公司年报点评 2024 年 06 月 01 日 电子烟实现整机量产，UDM 业务多点开 花 [Table_Summary] 投资要点： 公司研究〃盈趣科技（002925）3 投资评级说明 | --- | --- | |-----------------------------------------------------------------|-------------| | 股票数据 | | | 05 [ Table_StockInfo 月 31 日收盘价（元） ] | 13.01 | | 52 周股价波动（元） | 12.44-21.50 | | 总股本 / 流通 A 股（百万股） | 780/737 | | 总市值 / 流通市值（百万元） | 10153/9591 | | 相关研究 | | | [Table_ReportInfo] 《 22 年出口收入下滑，盈利能力有望修复》 | | | ...