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。 苏州恒铭达电子科技股份有限公司（以下简称"公司"）分别于2025年4月8日、2025年4月9日 召开第三届董事会第二十次会议、第三届董事会第二十一次会议，审议并通过了《关于回购公司股 份方案的议案》《关于增加回购股份资金总额的议案》，拟使用自有资金以不超过57.30元/股的价 格回购公司股份，公司本次回购股份的资金总额预计为不低于人民币8,000万元（含本数），不超 过人民币16,000万元（含本数），本次回购股份的实施期限为经董事会审议通过回购股份方案之日 起 不 超过 12个 月 。具体 内 容详 见公 司 于 2025年 4 月 9日 、 2025 年4 月10 日 在巨 潮资 讯网 （http://www.cninfo.com.cn）披露的《关于回购公司股份方案的公告》《关于增加回购股份资金 总额的公告》。 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》（以下简称"《回购指引》"） 等相关规定，上市公司在回购期间应当在每个月的前3个交易日内披露截至上月末的回购进展情况， 现将公司回购股份进展情 ...

苏州恒铭达电子科技股份有限公司（以下简称"公司"）2024 年度权益分派方案已经 2025 年 4 月 18 日召开的公司 2024 年度股东大会审议通过，具体情况如下： 证券代码：002947 证券简称：恒铭达 公告编号：2025-045 苏州恒铭达电子科技股份有限公司 2024 年度权益分派实施公告 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、股东大会审议通过利润分配方案情况 经公司 2024 年度股东大会审议，决定以 2024 年 12 月 31 日公司的总股本 256,213,786 股扣 除现有回购专户持有股份数1,196,700股及公司已完成回购注销的股权激励限售股4,450股后的 余额 255,012,636 股为基数，以截止 2024 年 12 月 31 日母公司累积未分配利润向全体股东每 10 股派发现金 6.00 元(含税)，合计派发现金股利人民币 153,007,581.6 元（含税），占合并报表 归属于上市公司普通股股东净利润的 33.49%。不转增资本公积金，不送红股。 本次实施的权益分派方案与股东大会审议通过的分配方案及其调整 ...

Investment Rating - The report maintains a "Strong Buy" rating for the company, indicating an expectation to outperform the benchmark index by over 20% in the next six months [22]. Core Insights - The company's Q1 2025 performance aligns with expectations, achieving a revenue of 649 million yuan, a year-over-year increase of 52.59%, and a net profit attributable to shareholders of 108 million yuan, up 53.69% year-over-year [1][7]. - The growth is driven by strong performance in the precision flexible components for consumer electronics and the precision metal components from Huayang Tong, with significant contributions from major clients [7]. - The company has established a solid partnership with major clients, including Apple and Google, positioning itself well for future growth in the die-cutting market [7]. Financial Performance Summary - For 2024, the total revenue is projected at 2,486 million yuan, with a year-over-year growth rate of 36.7%. By 2025, revenue is expected to reach 4,130 million yuan, reflecting a growth rate of 66.1% [3][8]. - The net profit attributable to shareholders is forecasted to be 457 million yuan in 2024, increasing to 700 million yuan in 2025, with respective growth rates of 62.4% and 53.2% [3][8]. - The company's earnings per share (EPS) is projected to rise from 1.78 yuan in 2024 to 2.73 yuan in 2025 [3][8]. Market Position and Future Outlook - The company is well-positioned to benefit from the ongoing AI development trends, particularly in the server and communication equipment sectors, which are expected to see increased demand [7]. - The target price for the company's stock is set at 54.6 yuan, based on a 20x price-to-earnings ratio for 2025, compared to the current price of 31.71 yuan [3][7].

Investment Rating - The report maintains a "Strong Buy" rating for the company, indicating an expectation to outperform the benchmark index by over 20% in the next six months [22]. Core Views - The company's Q1 2025 performance aligns with expectations, driven by major clients in the die-cutting sector and the Huayang Tong business, with a revenue of 649 million yuan, a year-over-year increase of 52.59%, and a net profit of 108 million yuan, up 53.69% year-over-year [1][7]. - The report highlights a robust growth trajectory for the company, with projected revenues increasing significantly from 2.486 billion yuan in 2024 to 7.152 billion yuan by 2027, reflecting a compound annual growth rate (CAGR) of 36.7% [3][8]. - The company is positioned to benefit from the expanding market for precision flexible components and metal parts, particularly in the consumer electronics sector, as it has established strong relationships with major clients like Apple and Google [7][8]. Financial Summary - For Q1 2025, the company reported a gross margin of 30.12%, an increase of 1.67 percentage points year-over-year [1]. - The projected net profit for 2025 is estimated at 700 million yuan, with a growth rate of 53.2% compared to 2024 [3][8]. - The earnings per share (EPS) is expected to rise from 1.78 yuan in 2024 to 4.77 yuan by 2027, indicating strong profitability growth [3][8]. Market Position - The company has successfully entered a harvest phase for its die-cutting business after years of strategic investment, with a significant market opportunity driven by AI and product upgrades in consumer electronics [7][8]. - Huayang Tong's server business is expected to benefit from the AI development trend, with increasing demand for charging piles and energy storage solutions [7][8]. - The company has built a flexible production network to adapt to client needs, enhancing its supply chain resilience [7].

Core Viewpoint - The company has disclosed its quarterly report, ensuring the accuracy and completeness of the financial information presented, and has not undergone an audit for this report [1][2][8]. Financial Data - The company reported that there are no adjustments or restatements required for previous accounting data [3]. - There are no non-recurring profit and loss items applicable for the current quarter [3]. - The company has not defined any non-recurring profit and loss items as recurring [3]. Shareholder Information - As of the report date, the company has issued a total of 26,042,021 shares for specific object issuance, which accounts for 10.16% of the total share capital, with the lifting of restrictions effective from February 21, 2025 [5]. - The company has completed the repurchase and cancellation of 4,450 restricted stocks, adjusting the repurchase price from 9.43 yuan to 8.63 yuan per share, resulting in a total share capital adjustment from 256,213,786 shares to 256,209,336 shares [6]. - The company has initiated a share repurchase plan with a total budget between 80 million yuan and 160 million yuan, with a maximum repurchase price set at 57.30 yuan per share [7]. Quarterly Financial Statements - The company has prepared its consolidated balance sheet, profit statement, and cash flow statement as of March 31, 2025, but these reports have not been audited [8].

Financial Performance - The company's revenue for Q1 2025 reached ¥648,784,877.86, representing a 52.59% increase compared to ¥425,168,713.09 in the same period last year[5] - Net profit attributable to shareholders was ¥108,204,666.47, up 53.69% from ¥70,405,535.11 year-on-year[5] - Basic and diluted earnings per share rose by 35.48% to ¥0.42, compared to ¥0.31 in the same period last year[5] - Total operating revenue for the current period reached ¥648,784,877.86, a significant increase from ¥425,168,713.09 in the previous period, representing a growth of approximately 52.6%[20] - Net profit for the current period was ¥108,538,117.39, compared to ¥71,042,308.62 in the previous period, reflecting an increase of approximately 52.7%[21] - Earnings per share (EPS) for the current period was ¥0.42, up from ¥0.31 in the previous period, marking a growth of 35.5%[21] - The total comprehensive income for the current period was ¥108,519,757.81, compared to ¥71,162,759.57 in the previous period, indicating a growth of approximately 52.5%[21] Cash Flow and Liquidity - The net cash flow from operating activities increased by 46.71% to ¥295,607,254.48, compared to ¥201,488,487.16 in the previous year[5] - Cash and cash equivalents increased significantly to CNY 1,048,897,562.24 from CNY 600,788,518.28, indicating improved cash flow management[17] - Operating cash flow for the current period is CNY 295,607,254.48, an increase of 46.7% compared to CNY 201,488,487.16 in the previous period[22] - Total cash inflow from operating activities is CNY 828,551,835.26, up from CNY 725,784,454.40, reflecting a growth of 14.2%[22] - Cash outflow from operating activities is CNY 532,944,580.78, slightly increased from CNY 524,295,967.24, resulting in a net cash flow from operating activities of CNY 295,607,254.48[22] - The net increase in cash and cash equivalents is CNY 448,137,694.76, compared to CNY 74,910,491.81 in the previous period[23] - The ending balance of cash and cash equivalents is CNY 1,048,896,905.94, up from CNY 776,273,088.04[23] Assets and Liabilities - Total assets at the end of the reporting period were ¥4,003,220,634.31, a 1.13% increase from ¥3,958,683,616.29 at the end of the previous year[5] - Total liabilities decreased to ¥723,565,932.04 from ¥788,449,689.97, a reduction of approximately 8.2%[19] - The company's equity attributable to shareholders rose to ¥3,268,401,863.27 from ¥3,159,314,538.24, an increase of about 3.4%[19] Investment and Shareholder Information - The company reported a significant increase in investment income, which rose by 1175.84% to ¥4,873,083.25, compared to ¥381,951.18 in the previous year[10] - The number of ordinary shareholders at the end of the reporting period was 20,377, with no preferred shareholders[12] - The largest shareholder, Jing Shiping, holds 24.41% of the shares, totaling 62,532,622 shares[12] - The top ten shareholders hold a significant portion of the company’s shares, with the largest shareholder owning 15,494,788 shares[13] Share Repurchase and Adjustments - The company plans to repurchase shares at a price not exceeding CNY 57.30 per share, with a total repurchase fund estimated between CNY 80 million and CNY 160 million[15] - As of April 18, 2025, the company has repurchased 5,133,394 shares, accounting for 2.00% of the total share capital, with a total transaction amount of CNY 147,203,533[16] - The company announced the release of 26,042,021 restricted shares for trading, representing 10.16% of the total share capital, effective February 21, 2025[14] - The company adjusted the repurchase price of restricted shares from CNY 9.43 to CNY 8.63 per share, reflecting a strategic response to market conditions[15] - The company’s total share capital was adjusted from 256,213,786 shares to 256,209,336 shares following the repurchase of restricted shares[15] Research and Development - Research and development expenses for the current period were ¥25,917,131.37, compared to ¥23,768,246.01 in the previous period, reflecting an increase of approximately 9%[20] Inventory and Accounts Receivable - The company’s accounts receivable decreased to CNY 1,079,909,925.66 from CNY 1,216,950,831.72, suggesting better collection efficiency[17] - Inventory levels decreased to CNY 236,906,109.45 from CNY 269,804,394.12, which may indicate improved inventory turnover[17]

Financial Performance - The company reported a basic earnings per share of 0.4200 yuan for Q1 2025, representing a 35.48% increase compared to 0.3100 yuan in Q1 2024 and a significant rise from 0.1800 yuan in Q1 2023 [1] - The operating revenue for Q1 2025 was 6.49 billion yuan, up 52.71% from 4.25 billion yuan in Q1 2024 and more than double the 3.48 billion yuan reported in Q1 2023 [1] - Net profit for Q1 2025 reached 1.08 billion yuan, reflecting a 54.29% increase from 0.7 billion yuan in Q1 2024 and a substantial rise from 0.42 billion yuan in Q1 2023 [1] - The return on equity (ROE) for Q1 2025 was 3.37%, slightly up from 3.32% in Q1 2024 and significantly higher than 2.22% in Q1 2023 [1] Shareholder Structure - The top ten unrestricted shareholders collectively hold 54.0193 million shares, accounting for 28.08% of the circulating shares, with an increase of 12.1236 million shares compared to the previous period [2] - Notable shareholders include Jing Shiping with 15.4948 million shares (8.05% of total shares), and Shenzhen Hengshida Investment Co., Ltd. with 13.52 million shares (7.03%), both showing significant holdings [2] - New entrants among the top shareholders include Lv Yong with 6.9869 million shares (3.63%) and Zhonghui Life Insurance with 3.4152 million shares (1.78%) [2] Dividend Policy - The company has announced that it will not distribute dividends or transfer shares this time [3]

证券代码：002947 证券简称：恒铭达 公告编号：2025-043 苏州恒铭达电子科技股份有限公司 关于持续督导机构名称变更的公告 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。 本次持续督导机构名称变更不属于更换持续督导机构事项。 特此公告。 苏州恒铭达电子科技股份有限公司 董事会 2025 年 4 月 23 日 ： 苏州恒铭达电子科技股份有限公司（以下简称"公司"）于近日收到持续督导机构原华英证券 有限责任公司的通知，经上海市市场监督管理局核准，公司持续督导机构"华英证券有限责任公司" 已正式变更名称为"国联民生证券承销保荐有限公司"，且相关工商变更登记已办理完成。 本次名称变更后，公司与原"华英证券有限责任公司"签署的法律文件继续有效，由更名后的 "国联民生证券承销保荐有限公司"继续履行。 ...

证券代码：002947 证券简称：恒铭达 公告编号：2025-040 苏州恒铭达电子科技股份有限公司 关于回购公司股份比例达到 1%暨 回购股份总数超过总股本 2%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。 苏州恒铭达电子科技股份有限公司（以下简称"公司"）分别于2025年4月8日、2025年4月9日 召开第三届董事会第二十次会议、第三届董事会第二十一次会议，审议并通过了《关于回购公司股 份方案的议案》《关于增加回购股份资金总额的议案》，拟使用自有资金以不超过57.30元/股的价 格回购公司股份，公司本次回购股份的资金总额预计为不低于人民币8,000万元（含本数），不超 过人民币16,000万元（含本数），本次回购股份的实施期限为经董事会审议通过回购股份方案之日 起 不 超过 12个 月 。具体 内 容详 见公 司 于 2025年 4 月 9日 、 2025 年4 月10 日 在巨 潮资 讯网 （http://www.cninfo.com.cn）披露的《关于回购公司股份方案的公告》《关于增加回购股份资金 总额的公告》。 根据《深圳证券交易所上市公司自 ...

苏州恒铭达电子科技股份有限公司 投资者关系活动记录表 证券代码：002947 证券简称：恒铭达 编号：2025 - 003 | | ☐特定对象调研 ☐分析师会议 | | --- | --- | | | ☐媒体采访 业绩说明会 | | 投资者关系活动类别 | ☐新闻发布会 ☐路演活动 | | | ☐现场参观 ☐其他（线上会议） | | 参与单位名称及人员姓 | 投资者及社会公众 | | 名 | | | 时间 | 2025年04月21日 15:00-17:00 | | 上市公司接待人员姓名 | 荆世平、荆天平、陈荆怡、吴之星、郑凯、王海涛 | | | Q1.美国关税对企业经营影响。主要客户是否要求降价或者拟更 | | | 换供应商。企业后续应对策略是什么。 | | | 答:您好，公司当前生产经营有序推进，依托行业品牌企业 | | | 战略协同机制，深度参与客户产品研发，精准满足客户提出的新 | | | 技术要求，为客户提供客制化解决方案，增强客户黏性。同时， | | | 公司坚持产品多样化，客户多元化的发展战略，致力于成为一家 | | | 有竞争力的、和谐的、国际化的百年企业，感谢您的关注。 | | | Q2. ...