证券代码：002938 证券简称：鹏鼎控股 公告编号：2024-072 鹏鼎控股（深圳）股份有限公司 关于回购完成暨回购实施结果的公告 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。 鹏鼎控股（深圳）股份有限公司（以下简称"公司"）于 2023 年 10 月 30 日召开的第三届董事会第五次会议审议通过了《关于以集中竞价方式回购公司股 份的议案》，公司拟使用自有资金以集中竞价交易方式回购部分公司股份，本次 回购股份将用于员工持股计划或股权激励计划。本次回购资金总额不低于人民币 20,000 万元（含）且不超过人民币 40,000 万元（含），回购价格不超过人民币 25 元/股。回购期限自公司董事会审议通过回购方案之日起 12 个月。具体内容 详见公司于 2023 年 10 月 31 日在《证券时报》《上海证券报》及巨潮资讯网 （http://www.cninfo.com.cn）披露的《关于以集中竞价方式回购公司股份方案 的公告》(公告编号 2023-088)。 根据《深圳证券交易所上市公司自律监管指引第 9 号——回购股份》的相 关规定，公司回购期限届满或者回 ...

Financial Performance - Revenue for the third quarter reached RMB 10.36 billion, a year-on-year increase of 16.14%[2] - Net profit attributable to shareholders was RMB 1.19 billion, up 15.26% compared to the same period last year[2] - Total revenue for the period reached 23.49 billion RMB, an increase from 20.46 billion RMB in the previous period[19] - Total operating costs were 21.32 billion RMB, compared to 18.51 billion RMB in the previous period[19] - Net profit attributable to the parent company's owners was 14.31 billion RMB, up from 13.49 billion RMB in the previous period[18] - Net profit attributable to parent company shareholders reached 1,974,256,997.34 RMB, compared to 1,844,302,223.56 RMB in the previous period[20] - Basic earnings per share were 0.86 RMB, compared to 0.8 RMB in the previous period[21] Cash Flow and Financial Position - Operating cash flow for the first nine months of 2024 was RMB 2.92 billion, a decrease of 41.56% year-on-year[2] - Total assets as of the end of the reporting period were RMB 43.91 billion, an increase of 3.87% compared to the end of the previous year[2] - The company's cash and cash equivalents decreased to 10.23 billion RMB from 10.91 billion RMB at the beginning of the period[16] - Accounts receivable increased to 6.97 billion RMB from 6.19 billion RMB at the beginning of the period[16] - Operating cash flow decreased to 2,918,153,828.82 RMB from 4,993,551,512.81 RMB in the previous period[22] - Investment cash flow showed a net outflow of -2,044,566,852.41 RMB, compared to -3,740,271,766.30 RMB in the previous period[23] - Financing cash flow had a net outflow of -1,483,846,572.41 RMB, compared to -1,327,224,297.83 RMB in the previous period[23] - Cash and cash equivalents at the end of the period were 10,187,876,240.46 RMB, down from 10,889,042,063.55 RMB at the beginning of the period[23] Investments and Subsidiaries - Inventory increased by 62.38% to RMB 4.96 billion, mainly due to increased stockpiling to meet customer demand[5] - Long-term equity investments decreased by 59.56% to RMB 1.99 million, primarily due to increased losses from equity method investments[5] - Investment income surged by 356.04% to RMB 5.84 million, driven by gains from other equity instrument investments[6] - Fair value change losses expanded by 161.25% to RMB -46.48 million, mainly due to changes in the fair value of non-current financial assets[6] - Minority shareholders' equity increased by 116.65% to RMB 53.55 million, primarily due to capital injection into the Thai factory[5] - The company approved a capital increase of RMB 250 million for its subsidiary Pengding Investment[10] - The company established a joint venture with Huai'an Jiawei Industrial Development Co., Ltd. for employee dormitory development[11] - The company established a new subsidiary, Yaoding Environmental Technology (Shenzhen) Co., Ltd., with a registered capital of RMB 14 million[12] - The new subsidiary Yaoding Environmental Technology focuses on environmental protection and energy-saving technology[13] - The company invested 30 million RMB in Shenzhen Cloud Leopard Intelligent Co., Ltd., a semiconductor company specializing in cloud computing and data center data processor chips (DPU) and solutions[14] - The company closed its Japanese subsidiary, Avary Japan, on September 5, 2024, with a registered capital of 98 million JPY, which had no impact on the company's business[15] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period is 49,084[7] - Meigang Industrial Co., Ltd. holds 66.17% of the shares, totaling 1,534,242,198 shares[7] - Jihui International Co., Ltd. holds 5.71% of the shares, totaling 132,402,775 shares[7] - Hong Kong Securities Clearing Company holds 3.21% of the shares, totaling 74,395,508 shares[7] - The National Social Security Fund 103 Portfolio holds 1.38% of the shares, totaling 32,006,767 shares[7] Expenses and Costs - Financial expenses decreased by 33.61% to RMB -250.01 million, mainly due to reduced exchange gains from currency fluctuations[6] - R&D expenses increased to 1.71 billion RMB from 1.42 billion RMB in the previous period[19] - Payments for goods and services increased to 16,360,742,212.91 RMB from 12,365,455,391.08 RMB in the previous period[22] - Payments to employees increased to 3,562,715,017.91 RMB from 2,746,058,787.05 RMB in the previous period[22] Tax and Refunds - Tax refunds received increased to 930,897,206.92 RMB from 787,360,511.93 RMB in the previous period[22]

Investment Rating - The report maintains a "Buy" rating for the company, expecting a relative increase of over 15% compared to the CSI 300 index in the next six months [2][10]. Core Insights - The company reported a consolidated revenue of 40.12 billion yuan for September 2024, marking a 5.12% increase year-on-year. For the first half of 2024, the company achieved a revenue of 131.26 billion yuan, a year-on-year growth of 13.79%, while the net profit attributable to shareholders decreased by 3.40% to 7.84 billion yuan [3][4]. - The consumer electronics industry is recovering, and the company is leveraging opportunities from the AI technology wave, resulting in steady revenue growth. The communication board business generated 87.30 billion yuan, a growth of 3.68%, while the consumer electronics and computer board business saw a significant increase of 36.57% to 39.31 billion yuan. The automotive and server products achieved a remarkable growth of 94.31% to 4.30 billion yuan [3][4]. Financial Performance - The company’s R&D investment for the first half of 2024 was 10.79 billion yuan, a 20.43% increase year-on-year, accounting for 8.22% of revenue. Total sales, management, and R&D expenses amounted to 17.29 billion yuan, slightly increasing by 0.08 percentage points year-on-year [4]. - The projected revenues for 2024-2026 are 362.27 billion yuan, 420.37 billion yuan, and 459.84 billion yuan, respectively, with net profits expected to be 37.18 billion yuan, 45.94 billion yuan, and 49.92 billion yuan [6]. Market Trends and Opportunities - The company is actively enhancing its market share in the high-end PCB market by adopting flexible market development strategies. The launch of AI mobile phones and PCs is expected to drive new growth in the industry. The company is expanding its production capacity for high-end HDI and SLP products, with the first phase of the expansion already operational [4][5]. - The company is also capitalizing on the rapid growth of AI servers and smart vehicles, with significant collaborations with major domestic and international Tier 1 manufacturers [4].

证券代码：002938 证券简称：鹏鼎控股 公告编号：2024-067 鹏鼎控股（深圳）股份有限公司 关于控股子公司变更注册地址的公告 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、基本情况 1、公司名称：Peng Shen Technology (Thailand) Co.,Ltd. 2、注册登记编号：0105566180131 3、公司类型：有限责任公司 4、注册资本：25 亿泰铢 5 、 股 权 结 构 ： Avary Singapore Private Limited89.5% ； Saha 鹏鼎控股（深圳）股份有限公司控股子公司 Peng Shen Technology (Thailand) Co.,Ltd. （以下简称"公司"）因经营发展需要，将公司注册地址变更为：288 Moo 5, Nonsi Sub-district, Kabin Buri District, Prachin Buri Province 25110， 并于近期完成注册地址的工商变更登记手续，领取了当地行政主管部门签发的注 册登记证明文件。具体变更情况如下： | | 注册 ...

Investment Rating - The report gives a "Buy" rating for the company, indicating a positive outlook for its future performance [2]. Core Insights - The company, Pengding Holdings, is a leading PCB manufacturer in China with a diverse product portfolio that includes FPC, SMA, SLP, HDI, Mini LED, RPCB, and Rigid Flex, serving various sectors such as communication electronics, consumer electronics, smart automotive, and AI servers [1][5]. - The global PCB market is expected to grow at a CAGR of 5.4% from 2023 to 2028, reaching a market size of $90.4 billion by 2028, driven by increasing demand in AI computing and automotive electronics [1][21]. - The company has established strong relationships with major clients and is well-positioned to capture growth opportunities in the upcoming innovation cycle, particularly in AI servers and automotive electronics [1][21]. Summary by Sections 1. PCB Industry Leadership and Diversified Layout - Pengding Holdings has been focused on PCB products for over 20 years, establishing itself as an industry leader with a stable shareholding structure and a sustainable strategic layout [1][10]. - The company has seen steady revenue growth, with 2022 revenue reaching 36.21 billion yuan, a year-on-year increase of 8.71%, despite a decline in 2023 due to macroeconomic factors [11][12]. 2. High-End Demand in PCB Market - PCB is a critical component in various electronic products, with a significant portion of the market driven by high-end applications in servers, consumer electronics, and automotive electronics [16][21]. - The demand for AI computing and the increasing electronicization of vehicles are expected to provide new growth points for the PCB market [21][24]. 3. Technological Advantages and Product Development - The company has a strong technological foundation and is actively developing high-end products such as SLP, which is expected to lead to increased value in PCB manufacturing [1][38]. - The report highlights the importance of product structure optimization, with a focus on high-margin segments like consumer electronics and computing boards [11][14]. 4. Financial Forecast and Investment Recommendations - The company is projected to achieve revenues of 35.19 billion yuan in 2024, 39.83 billion yuan in 2025, and 43.69 billion yuan in 2026, with corresponding net profits of 3.62 billion yuan, 4.67 billion yuan, and 5.26 billion yuan respectively [2][4]. - The report emphasizes the long-term growth potential of the company, recommending a "Buy" rating based on its market position and growth prospects [1][2].

证券代码：002938 证券简称：鹏鼎控股 公告编号：2024-066 鹏鼎控股(深圳)股份有限公司 关于 2024 年限制性股票激励计划授予登记完成的公告 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。 特别提示： 1、本次授予的限制性股票数量为946.99万股，占授予前公司股本总额 231,856.0816万股的0.41%； 根据中国证监会《上市公司股权激励管理办法》、深圳证券交易所、中国证 券登记结算有限责任公司深圳分公司有关规则的规定，鹏鼎控股（深圳）股份有 限公司（以下简称"公司"）完成了《鹏鼎控股（深圳）股份有限公司 2024 年 限制性股票激励计划（草案）》限制性股票授予登记工作，现将有关具体情况公 告如下： 一、限制性股票激励计划已履行的相关审批程序 1、2024 年 8 月 13 日公司召开第三届董事会第十次会议，审议通过了《关 于<鹏鼎控股（深圳）股份有限公司 2024 年限制性股票激励计划（草案）>及其 摘要的议案》、《关于<鹏鼎控股（深圳）股份有限公司 2024 年限制性股票激励 计划实施考核管理办法>的议案》和《关于提请股东大会授权董 ...

Investment Rating - The report maintains a "Buy" rating for the company, indicating a strong performance expectation relative to the market [7][9]. Core Insights - In September 2024, the company reported a revenue of 4.012 billion yuan, a year-on-year increase of 5.12%. For Q3 2024, revenue reached 10.361 billion yuan, reflecting a 16% year-on-year growth [7][9]. - The company has initiated a restricted stock incentive plan, granting 9.4699 million shares to 381 core technical personnel, with a grant price of 17.70 yuan per share [8]. - The company continues to lead the PCB industry, being ranked as the largest PCB manufacturer globally for seven consecutive years [8]. Financial Performance Summary - Total revenue for 2023 was 32.066 billion yuan, with a projected increase to 35.259 billion yuan in 2024, representing a 10% year-on-year growth [7][10]. - The net profit attributable to the parent company is expected to rise from 3.287 billion yuan in 2023 to 4.002 billion yuan in 2024, marking a 21.7% increase [7][10]. - The company's gross margin is projected to improve from 18.0% in 2024H1 to 22.9% in 2024E [7][10]. Business Expansion and New Ventures - The company is actively expanding into emerging sectors, including automotive PCBs, AI servers, and low-orbit satellites, with significant investments in new product development [8][9]. - The company has completed the construction of a 150,000 square foot automotive battery board project and is now supplying battery manufacturers [8]. - The company is enhancing its overseas production capacity with projects in Thailand and Kaohsiung, aiming to strengthen its competitiveness in high-end HDI and SLP [9].

446 | --- | --- | --- | --- | --- | |------------------------------------------------------------------------------------------------------------------------------------------------------|--------------------------|-----------------------------------------|------------------------------------------|-------------------------------------------| | 2024 年 10 月 08 日 \n鹏鼎控股（ 002938.SZ ） \n手机客户新品出货高峰，营收和盈利能力有望攀 \n升 | 投资评级 \n股价 交易数据 | (2024-10-08) | 公司研究●证券研究报告 \n电子 \| 增持 -A( | 公司快报 \n消费电子组件Ⅲ 维持) \n38.00 元 | | 投资要点 ...

证券代码：002938 证券简称：鹏鼎控股 公告编号：2024-065 鹏鼎控股（深圳）股份有限公司 关于回购公司股份的进展公告 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、股份回购基本方案 鹏鼎控股（深圳）股份有限公司（以下简称"公司"）于 2023 年 10 月 30 日召开的第三届董事会第五次会议审议通过了《关于以集中竞价方式回购公司股 份的议案》，公司拟使用自有资金以集中竞价交易方式回购部分公司股份，本次 回购股份将用于员工持股计划或股权激励计划。本次回购资金总额不低于人民币 20,000 万元（含）且不超过人民币 40,000 万元（含），回购价格不超过人民币 25 元/股。回购期限自公司董事会审议通过回购方案之日起 12 个月。具体内容 详见公司于 2023 年 10 月 31 日在《证券时报》《上海证券报》及巨潮资讯网 （http://www.cninfo.com.cn）披露的《关于以集中竞价方式回购公司股份方案 的公告》(公告编号 2023-088)。 二、股份回购的进展情况 根据《上市公司股份回购规则》《深圳证券交易所上市公司自律监管 ...

证券代码：002938 证券简称：鹏鼎控股 公告编号：2024-064 鹏鼎控股（深圳）股份有限公司 2024 年 9 月营业收入简报 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：鹏鼎控股(深圳)股份有限公司(以下简称"本公司"或"公司") 之间接控股股东臻鼎科技控股股份有限公司（以下简称"臻鼎科技"）为台湾 地区上市公司，臻鼎科技需按照台湾证券交易所相关规定，披露每月营业收入 数据。为使 A 股投资者能够及时了解公司的经营情况，本公司亦同步在深圳证 券交易所指定的信息披露媒体上披露本公司营业收入。 本简报为初步核算数据，未经会计师事务所审计或审阅，最终数据以公司 定期报告为准，敬请投资者注意投资风险。 公司 2024 年 9 月合并营业收入为人民币 401,197 万元，较去年同期的合并 营业收入增加 5.12%。 特此公告。 鹏鼎控股（深圳）股份有限公司 董 事 会 2024 年 10 月 8 日 ...