苏州恒铭达电子科技股份有限公司 简式权益变动报告书 苏州恒铭达电子科技股份有限公司 上市公司名称：苏州恒铭达电子科技股份有限公司 股票上市地点：深圳证券交易所 股票简称：恒铭达 股票代码：002947 信息披露义务人之一：荆世平 住 所：江苏省昆山市巴城镇 1568 号 通讯地址：江苏省昆山市巴城镇 1568 号 信息披露义务人之二：荆京平 住 所：江苏省昆山市巴城镇 1568 号 通讯地址：江苏省昆山市巴城镇 1568 号 信息披露义务人之三：夏琛 住 所：江苏省昆山市巴城镇 1568 号 通讯地址：江苏省昆山市巴城镇 1568 号 信息披露义务人之四：荆江 住 所：江苏省昆山市巴城镇 1568 号 通讯地址：江苏省昆山市巴城镇 1568 号 信息披露义务人之五：深圳市恒世达投资有限公司 住 所：深圳市前海深港合作区前湾一路 1 号 A 栋 201 室（入驻深圳市前海商务秘书有 限公司） 通讯地址：深圳市前海深港合作区前湾一路 1 号 A 栋 201 室（入驻深圳市前海商务秘书有限 公司） 信息披露义务人的一致行动人：荆天平 苏州恒铭达电子科技股份有限公司 住 所：江苏省昆山市巴城镇 1568 号 通讯地址 ...

Investment Rating - Strong Buy (Maintained) [1] Core Views - The company's performance in Q3 2024 met expectations, driven by dual growth engines: large customer die-cutting and Huayangtong's server business [1] - Revenue for the first three quarters of 2024 reached RMB 1.699 billion (YoY +41.05%), with a gross margin of 32.79% (YoY +2.38pct) [1] - Net profit attributable to shareholders was RMB 311 million (YoY +59.30%), and non-GAAP net profit was RMB 304 million (YoY +67.49%) [1] - In Q3 2024, revenue was RMB 758 million (YoY +40.83%, QoQ +46.75%), with a gross margin of 36.33% (YoY +1.92pct, QoQ +5.18pct) [1] - Net profit attributable to shareholders in Q3 was RMB 147 million (YoY +46.30%, QoQ +57.26%), and non-GAAP net profit was RMB 143 million (YoY +50.90%, QoQ +54.70%) [1] Business Highlights - The die-cutting business has entered a harvest period after over a decade of development, with the company becoming a core supplier for Apple and other international clients [2] - The company's consumer electronics business generated revenue of RMB 744 million in H1 2024 (YoY +38.45%), with non-GAAP net profit growing for 13 consecutive quarters since Q3 2021 [2] - Huayangtong's server business is benefiting from the AI trend, with the company expanding into charging piles and energy storage, solidifying its position as a platform supplier [2] - The company is expected to achieve net profits of RMB 500 million, RMB 800 million, and RMB 1.03 billion in 2024, 2025, and 2026, respectively [2] Financial Projections - Revenue is projected to grow from RMB 1.818 billion in 2023 to RMB 7.452 billion in 2026, with a CAGR of 61.2% from 2024 to 2026 [2] - Net profit attributable to shareholders is expected to increase from RMB 281 million in 2023 to RMB 1.031 billion in 2026 [2] - EPS is forecasted to rise from RMB 1.10 in 2023 to RMB 4.03 in 2026 [2] - The company's P/E ratio is expected to decrease from 35x in 2023 to 10x in 2026, reflecting strong growth prospects [2] Valuation and Target Price - The target price is set at RMB 62.4, based on a 20x P/E ratio for 2025, reflecting the company's higher growth potential compared to peers [2] - The current price is RMB 38.47, indicating significant upside potential [3]

苏州恒铭达电子科技股份有限公司 募集资金管理办法 第一章 总则 第一条 为了加强、规范苏州恒铭达电子科技股份有限公司（以下简称"公司"） 发行股票募集资金的管理，提高其使用效率和效益，根据《公司法》《深圳证券交 易所上市公司自律监管指引第 1 号——主板上市公司规范运作》等法律、法规、规 范性文件及《苏州恒铭达电子科技股份有限公司章程》（以下简称"《公司章程》"） 的相关规定，制定本办法。 第二条 本办法所指的"募集资金"，是指公司通过发行股票及其衍生品种，向 投资者募集并用于特定用途的资金。 本办法所称超募资金是指实际募集资金净额超过计划募集资金金额的部分。 第三条 公司董事会应当科学、审慎地选择募集资金投资项目，对新的募集资 金投资项目进行可行性分析，确信投资项目具有较好的市场前景和盈利能力，能够 有效防范投资风险，提高募集资金使用效益。 公司的董事、监事和高级管理人员应当勤勉尽责，督促公司规范使用募集资金， 自觉维护公司募集资金安全，不得参与、协助或纵容公司擅自或变相改变募集资金 用途。 第四条 募集资金投资项目通过公司的子公司或公司控制的其他企业实施的， 公司应当确保该子公司或受控制的其他企业遵守本募 ...

证券代码：002947 证券简称：恒铭达 公告编号：2024-068 苏州恒铭达电子科技股份有限公司 关于召开 2024 年第四次临时股东大会的通知 (一) 本次股东大会提案编码表 | 议案编码 | 议案名称 | 备注：该列打勾的 | | --- | --- | --- | | | | 栏目可以投票 | | 100 | 总议案：除累积投票提案外的所有提案 | √ | | | 非累积投票议案 | | | 1.00 | 《关于修订<募集资金管理办法>的议案》 | √ | 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、误导性陈述 或者重大遗漏。 根据《中华人民共和国公司法》和《公司章程》的有关规定，经苏州恒铭达电子科技股份有限 公司（以下简称"公司"）第三届董事会第十五次会议审议通过，公司决定于 2024 年 11 月 8 日下 午 14：30 召开 2024 年第四次临时股东大会，现将本次会议的有关事项通知如下： 一、 召开会议的基本情况 通过深圳证券交易所交易系统进行网络投票的具体时间为：2024 年 11 月 8 日上午 9:15— 9:25，9:30—11:30 和下午 13:00—1 ...

证券代码：002947 证券简称：恒铭达 公告编号：2024-065 苏州恒铭达电子科技股份有限公司 第三届监事会第十四次会议决议的公告 本公司及监事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、误导性陈述或 者重大遗漏。 一、 监事会会议召开情况 苏州恒铭达电子科技股份有限公司（以下简称"公司"）第三届监事会第十四次会议于2024年 10月23日在公司会议室召开。本次监事会会议通知已于2024年10月21日发出，会议以现场方式召开 并进行表决，由监事会主席黄淮明先生主持。本次监事会会议应到监事3人，实到监事3人，会议的 召集、召开符合有关法律、行政法规、部门规章、规范性文件和《公司章程》的规定。 二、 监事会会议审议情况 （一）审议《2024年第三季度报告》的议案 经审议，监事会认为：公司《2024年第三季度报告》所载内容真实、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，一致同意对外报出《2024年第三季 度报告》。 具体内容详见指定信息披露媒体和巨潮资讯网（www.cninfo.com.cn）。 表决结果：3票赞成，0票反对，0票弃权。 （二）审议《关于修订< ...

证券代码：002947 证券简称：恒铭达 公告编号：2024-067 苏州恒铭达电子科技股份有限公司 关于修订公司《募集资金管理办法》的公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、误导性 陈述或者重大遗漏。 根据《中华人民共和国公司法》《中华人民共和国证券法》《上市公司信息披露管理办法》 《上市公司治理准则》《深圳证券交易所股票上市规则》等相关规定，苏州恒铭达电子科技股份 有限公司（以下简称"公司"或"本公司"）于 2024 年 10 月 23 日召开的第三届董事会第十五次 会议及第三届监事会第十四次会议审议通过了《关于修订<募集资金管理办法>的议案》，具体情 况如下： 一、 《募集资金管理办法》的修订内容及原因 二、 应履行的审议程序和相关意见 （一） 董事会意见 公司董事会审议并通过了此事项，详见公司于同日披露的《苏州恒铭达电子科技股份有限公司 第三届董事会第十五次会议决议的公告》（公告编号：2024-066）。 （二）监事会意见 | 修订前内容 | 修订后内容 | 修订原因 | | --- | --- | --- | | 第二条 本办法所指的"募集资金"，是指公司 | 第二 ...

证券代码：002947 证券简称：恒铭达 公告编号：2024-066 苏州恒铭达电子科技股份有限公司 第三届董事会第十五次会议决议的公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、误导性陈述或 者重大遗漏。 一、 董事会会议召开情况 表决结果：12票赞成，0票反对，0票弃权。 本议案尚需提交股东大会审议批准。 （三）审议《关于召开2024年第四次临时股东大会的议案》 根据《中华人民共和国公司法》等相关法律法规及《公司章程》的有关规定，公司定于2024 年11月8日以现场投票与网络投票相结合的方式召开2024年第四次临时股东大会。 苏州恒铭达电子科技股份有限公司（以下简称"公司"）第三届董事会第十五次会议于2024年 10月23日在公司会议室召开。本次董事会会议通知已于2024年10月21日发出。会议以现场结合通讯 方式召开并进行表决，由董事长荆世平先生主持，应该出席董事12人，实际出席董事12人，全体监 事和高级管理人员列席会议。本次会议的召集、召开符合有关法律、行政法规、部门规章、规范性 文件和《公司章程》的规定。 二、 董事会会议审议情况 （一）审议《2024年第三季度报告》的议 ...

Financial Performance - Revenue for Q3 2024 reached ¥757,620,371.78, an increase of 40.83% compared to the same period last year[2] - Net profit attributable to shareholders was ¥146,957,420.24, reflecting a growth of 46.30% year-over-year[2] - The net profit excluding non-recurring gains and losses was ¥142,668,677.44, up by 50.90% from the previous year[2] - Total operating revenue for Q3 2024 reached ¥1,699,069,780.31, an increase of 41.0% compared to ¥1,204,620,811.45 in the same period last year[13] - Net profit for Q3 2024 was ¥311,979,157.83, up 60.0% from ¥195,018,234.47 in Q3 2023[14] - The total comprehensive income for the third quarter amounted to CNY 312,715,562.53, an increase of 60.5% compared to CNY 194,931,812.73 in the same period last year[15] - Basic and diluted earnings per share for the quarter were both CNY 1.33, up from CNY 0.85 year-over-year, representing a growth of 56.5%[15] Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥3,788,113,217.66, representing a 35.17% increase from the end of the previous year[2] - Total assets increased to ¥3,788,113,217.66, compared to ¥2,802,455,359.66 in the previous year, reflecting a growth of 35.1%[13] - Total liabilities rose to ¥767,533,002.02, up from ¥698,986,500.54, marking an increase of 9.9%[13] - The company's short-term borrowings decreased to ¥5,064,652.50 from ¥58,956,464.06, a reduction of 91.4%[13] Shareholder Information - Shareholders' equity attributable to the parent company reached ¥3,007,437,197.68, a rise of 43.79% compared to the previous year[2] - The largest shareholder, Jing Shiping, holds 26.84% of the shares, with a total of 68,764,513 shares[8] - The second-largest shareholder, Shenzhen Hengshida Investment Co., Ltd., holds 5.28% of the shares, totaling 13,520,000 shares[8] - The company has a total of 256,213,786 shares outstanding after the recent issuance[10] Cash Flow - The net cash flow from operating activities for the year-to-date was ¥289,197,412.21, down by 20.55% compared to the previous year[2] - Cash inflow from operating activities totaled CNY 1,732,322,403.01, compared to CNY 1,390,912,827.70 in the previous year, reflecting an increase of 24.5%[17] - The net cash flow from operating activities was CNY 289,197,412.21, down from CNY 364,012,045.60, indicating a decrease of 20.6%[17] - Cash outflow from investment activities was CNY 1,112,086,955.73, compared to CNY 2,158,515,766.18 in the previous year, showing a reduction of 48.6%[17] - The net cash flow from financing activities was CNY 532,611,353.34, compared to a negative cash flow of CNY 54,180,719.41 in the same period last year[17] - The total cash and cash equivalents increased by CNY 254,550,626.01 during the quarter, compared to an increase of CNY 156,895,058.45 in the same period last year[17] Inventory and Expenses - The company reported a significant increase in inventory due to higher sales orders, indicating a growth in business volume[6] - Inventory increased to ¥368,936,656.14, compared to ¥209,868,287.51 in the previous year, representing a growth of 76.0%[12] - Research and development expenses for Q3 2024 were ¥81,024,772.46, a significant increase of 45.5% from ¥55,720,436.45 in Q3 2023[14] Share Repurchase and Fund Management - The company completed a share repurchase plan, acquiring 1,196,700 shares, representing 0.52% of the total share capital, with a total transaction amount of RMB 30,002,481.84[9] - The company issued 26,042,021 shares at a price of RMB 29.03 per share, raising a total of RMB 755,999,869.63, with a net amount of RMB 743,286,624.29 after expenses[10] - The company has implemented a shareholding plan for employees or equity incentive plans through the repurchase of shares[9] - The company has established a special account for the raised funds, ensuring proper management and oversight[10] Other Financial Metrics - The company reported a gross profit margin of approximately 22.0% for Q3 2024, compared to 17.9% in Q3 2023[14] - The company reported a tax-adjusted net amount of other comprehensive income attributable to the parent company of CNY 736,404.70, compared to a loss of CNY 86,421.74 last year[15] - The company has not undergone an audit for the third quarter report[18]

Investment Rating - Strong Buy (Maintained) [1] Core Views - The company's performance in the first three quarters of 2024 is expected to show significant growth, with a projected net profit attributable to the parent company of 265-320 million yuan (YoY 35.82%-64.01%), with a median of 292.5 million yuan (YoY 49.92%) [1] - The growth is driven by the company's ability to capitalize on the AI industry's development opportunities, the smooth progress of new projects, and the gradual release of production capacity [1] - The company has expanded and built a high-quality, long-term stable customer base, which has also contributed significantly to its performance growth [1] Business Segments Consumer Electronics - The company's consumer electronics business has entered a harvest period after years of strategic layout, with revenue from this segment reaching 744 million yuan in the first half of 2024 (YoY 38.45%) [2] - The company has established a strong relationship with major clients, including Apple and Google, and has been a core supplier for Apple since 2018 [2] - The release of Apple Intelligence in June 2024 is expected to drive a new wave of device upgrades, benefiting the company's consumer electronics business [2] Huayangtong (Server and Infrastructure) - Huayangtong, a subsidiary, is a qualified supplier for Huawei and is benefiting from the AI-driven demand for server and infrastructure hardware [2] - The company provides solutions for servers, storage, switches, and routers, and has expanded into charging stations and energy storage, positioning itself as a platform supplier [2] - The company's expertise in metal components and integrated assembly capabilities further strengthen its position in the market [2] Financial Projections - The company's revenue is projected to grow from 1,818 million yuan in 2023 to 7,452 million yuan in 2026, with a CAGR of 61.2% from 2024 to 2026 [5] - Net profit attributable to the parent company is expected to increase from 281 million yuan in 2023 to 1,031 million yuan in 2026, with a CAGR of 60.1% from 2024 to 2026 [5] - The company's EPS is forecasted to grow from 1.10 yuan in 2023 to 4.03 yuan in 2026 [5] Valuation - The target price is set at 62.4 yuan, based on a 20x P/E ratio for 2025, reflecting the company's growth potential compared to peers [2] - The current price is 35.63 yuan, indicating significant upside potential [3] Market Performance - The company's stock has shown strong performance over the past 12 months, with a 33% increase, outperforming the CSI 300 index [4]

： 证券代码：002947 证券简称：恒铭达 公告编号：2024-064 苏州恒铭达电子科技股份有限公司 2024 年前三季度业绩预告 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、误导性陈述或 者重大遗漏。 一、 本期业绩预计情况 （一）业绩预告期间： 2024 年 1 月 1 日至 2024 年 9 月 30 日 （二）业绩预告情况 预计净利润为正值且属于下列情形之一： □亏损 □扭亏为盈 ☑同向上升 □同向下降 （1）2024 年前三季度业绩预计情况 | --- | --- | --- | |--------------------------|--------------------------------------------------|-----------------------| | 项目 2024 | 年 1 月 1 日至 2024 年 9 月 30 | 日 上年同期 | | 归属于上市公司股东的净利 | 盈利： 26,500 万元 -32,000 万元 | 盈利： 19,511.33 万 | | 润 | 比上年同期上升： 35.82%-64.01% | 元 | | ...