鸿合科技股份有限公司 关于聘任2024年度审计机构的公告 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。 重要内容提示： 拟聘任的会计师事务所名称：天健会计师事务所（特殊普通合伙）（以下 简称"天健"） 证券代码：002955 证券简称：鸿合科技 公告编号：2024-061 拟聘任会计师事务所的简要原因及前任会计师的异议情况：天职国际会计 师事务所（特殊普通合伙）（以下简称"天职国际"）已连续多年为鸿合科技股 份有限公司（以下简称"公司"）提供审计服务，为更好地保证审计工作的独立 性与客观性，根据竞争性谈判结果，公司拟聘任天健为公司 2024 年度的财务报 告和内部控制审计机构。公司已就聘任会计师事务所事项与天职国际进行了充分 沟通，天职国际知悉本事项并确认无异议。 本次聘请会计师事务所符合财政部、国务院国资委、中国证监会印发的《国 有企业、上市公司选聘会计师事务所管理办法》（财会[2023]4 号）的规定。 公司于 2024 年 9 月 30 日召开了第三届董事会第八次会议，审议通过《关于 聘任 2024 年度审计机构的议案》，公司董事会同意聘任天健担任公司 ...

证券代码：002955 证券简称：鸿合科技 公告编号：2024-056 具体内容详见《证券时报》、《中国证券报》、《上海证券报》、《证券日 报》及巨潮资讯网（www.cninfo.com.cn）上的《关于给子公司提供担保额度预计 的公告》（公告编号：2024-015）和《2023 年年度股东大会决议公告》（公告编 号：2024-029）。 一、担保进展情况概述 近日，公司旗下子公司安徽鸿程光电有限公司（以下简称"鸿程光电"）向 中国银行股份有限公司蚌埠分行（以下简称"中国银行蚌埠分行"）申请办理授 信业务，为保证相应业务的顺利开展，公司与中国银行蚌埠分行签署了《最高额 保证合同》，公司为鸿程光电在 5,000 万元人民币担保额度范围内提供连带责任 保证担保。 上述担保金额在公司 2023 年年度股东大会审议通过的担保额度范围内，无 需再次提交公司董事会和股东大会审议。 二、被担保人基本情况 1 鸿合科技股份有限公司 关于公司给子公司提供担保的进展公告 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。 鸿合科技股份有限公司（以下简称"公司"）于 2024 年 4 ...

[Table_Title] 海外业务势头强劲，关注小优书房拓展空间 002955）公司动态研究 | --- | --- | --- | |-----------------------|------------------------------------------|--------------| | 2024 | 年 09 月 12 日 | 公司研究 | | 研究所： 证券分析师： | 杨仁文 S0350521120001 yangrw@ghzq.com.cn | | | 证券分析师： | 谭瑞峤 S0350521120004 tanrq@ghzq.com.cn | ——鸿合科技（ | 评级：买入(首次覆盖) 最近一年走势 | --- | --- | --- | --- | |---------------------|-----------|--------|------------------| | 相对沪深 300 \n表现 | 表现 \n1M | 3M | 2024/09/11 \n12M | | 鸿合科技 | -2.9% | -8.8% | -13.3% | | 沪深 300 | -4.4% ...

一、担保进展情况概述 证券代码：002955 证券简称：鸿合科技 公告编号：2024-055 鸿合科技股份有限公司 关于为客户提供买方信贷担保的进展公告 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。 鸿合科技股份有限公司（以下简称"公司"）于 2024 年 4 月 25 日召开第三 届董事会第四次会议、于 2024 年 5 月 20 日召开 2023 年年度股东大会，审议通 过了《关于为客户提供买方信贷担保的议案》，为解决信誉良好且需融资支持的 客户付款问题，进一步促进业务发展，同意公司及子公司（以下简称"卖方"） 与合作银行开展买方信贷业务，即对部分信誉良好的客户（以下简称"买方"） 采用"卖方担保买方融资"的方式销售产品，以买方、卖方签订的购销合同为基 础，在公司或/及子公司提供连带责任保证的条件下，银行向买方提供用于向卖方 采购货物的融资业务。根据业务开展情况，在买方向公司或公司子公司提供反担 保措施的前提下，公司或/及子公司拟向买方提供累计金额不超过 20,000 万元人 民币的买方信贷担保，在上述额度内可滚动使用，担保有效期为自公司 2023 年 ...

证券研究报告 | 公司动态点评 2024 年 09 月 04 日 鸿合科技（002955.SZ） 归母净利润稳步提升，海外业务持续拓展，AI 赋能教育业务创新 | --- | --- | --- | --- | --- | --- | --- | --- | |--------------------------------------------|-------|-------|-------|-------|-------|-----------------------------------------|----------| | 财务指标 | 2022A | 2023A | 2024E | 2025E | 2026E | 买入（维持评级） | | | 营业收入（百万元） | 4,549 | 3,929 | 4,464 | 5,147 | 6,104 | 股票信息 | | | 增长率 yoy （ % ） | -21.7 | -13.6 | 13.6 | 15.3 | 18.6 | | | | 归母净利润（百万元） | 396 | 323 | 402 | 483 | 585 | 行业 | 电子 | | 增 ...

Investment Rating - The report assigns a "Buy" rating for the company, Honghe Technology [1]. Core Insights - Honghe Technology is a leading brand in the education interactive display market, ranking among the top two in China, with successful overseas business expansion [1]. - The company has diversified its revenue streams, with a significant increase in overseas income, which now accounts for 50% of total revenue [1]. - The introduction of the AI self-study room business is expected to drive future growth, with a projected market size of approximately 54.5 billion yuan in 2024 [1]. Summary by Sections 1. Company Overview - Established in 1990 and listed in 2019, Honghe Technology specializes in smart interactive display devices and educational information solutions [1][7]. - The company has expanded its operations from domestic markets to international ones, achieving a balanced revenue distribution of 50% from both [1]. 2. Main Business Segment - The main revenue driver is the smart interactive flat panel, which constituted 72% of total revenue in 2023 [1]. - The company has seen a significant increase in overseas revenue, rising from 5% in 2015 to 50% in 2023, with strong performance in the U.S. education market [1][21]. - The acquisition of a 25% stake in Newline USA is expected to enhance net profit starting in 2024, with committed sales net profit targets set for the following years [1][43]. 3. Growth Opportunities - The company is actively expanding its after-school services and has launched the "Xiao You Growth Study Room" aimed at children aged 6-15, which has seen strong demand since its introduction [1][45]. - The AI self-study room market is projected to grow rapidly, with estimates suggesting a market size of 116.9 billion yuan by 2034 [1]. 4. Financial Projections - The company forecasts net profits of 4.1 billion yuan, 4.7 billion yuan, and 5.5 billion yuan for 2024, 2025, and 2026, respectively, with year-on-year growth rates of 27%, 16%, and 17% [1]. - Relative valuation indicates that Honghe Technology's P/E ratios are lower than comparable companies, suggesting potential for price appreciation [1].

鸿合科技（002955.SZ）2024 年中报点评 扣非净利润稳增，AI+自习室业务打开成长空间 2024 年 09 月 03 日 ➢ 事件：8 月 30 日，公司发布 2024 年半年度报告。上半年公司实现营业收入 15.73 亿元，同比下降 2.94%；归母净利润 1.49 亿元，同比增长 4.59%；扣非归母 净利润 1.33 亿元，同比增长 10.26%；单 Q2 营收 10.22 亿元，同比增长 5.63%， 环比增长 85.56%；归母净利润 1.24 亿元，同比增长 3.67%，环比增长 395.75%； 扣非净利润 1.13 亿元，同比增长 4.47%，环比增长 484.21%。 ➢ H1 剔除汇兑影响归母净利润增长 60%，Q2 业绩环比恢复。23H1 受美元兑人 民币汇率大幅波动影响，使得当期汇兑收益大幅增长至 5,828 万元，24H1 汇兑收益 为 807 万元。剔除汇兑损益的影响，24H1 归母净利润同比大幅增长 67.10%。费用 控制得当，销售、管理及财务费用率基本稳定。H1 公司销售/管理/财务/研发费用率 分别为 11.89%/7.62%/5.70%/-1.37% ，同比变动 ...

证券代码：002955 证券简称：鸿合科技 公告编号：2024-054 公司本次回购股份的时间、回购股份价格和集中竞价交易的委托时段符合 《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指引第 9 号— —回购股份》及公司回购股份方案的相关规定，具体情况如下： 鸿合科技股份有限公司 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、回购股份的基本情况 鸿合科技股份有限公司（以下简称"公司"）于 2024 年 6 月 17 日召开第三 届董事会第五次会议，审议通过了《关于回购公司股份方案的议案》，董事会同 意公司使用不低于人民币 5,000 万元（含），且不超过人民币 10,000 万元（含） 的自有资金，以集中竞价交易方式回购公司部分人民币普通股（A 股）股份，回 购价格为不高于人民币 35.00 元/股（公司 2023 年年度权益分派已实施完成，公 司回购股份价格上限由不超过人民币 35.00 元/股调整至不超过 34.575 元/股）， 用于未来实施员工持股计划或股权激励计划。回购期限为自公司董事会审议通过 本次回购 ...

Investment Rating - The report maintains a "Buy" rating for the company, expecting a relative return of over 20% within the next six months [3][4][13]. Core Insights - The company reported a revenue of 1.02 billion in Q2 2024, a year-on-year increase of 5.6%, and a net profit of 120 million, up 3.7% year-on-year. For the first half of 2024, revenue was 1.57 billion, a decrease of 2.9%, while net profit increased by 4.6% to 150 million [1][2]. - The launch of the "Xiao You Growth Study Room" has received positive market feedback, with over 80 franchise stores signed since its introduction in June 2024, indicating strong growth momentum [1]. - The company's overseas operations, particularly in the U.S., have shown significant performance, with the U.S. subsidiary generating 740 million in revenue and 150 million in net profit for the first half of 2024, achieving the highest market share in the region [1][2]. Financial Performance Summary - For H1 2024, the gross profit margin was 34.4%, a decrease of 0.8 percentage points year-on-year. The gross margin for IWB products was 35.9%, down 2.0 percentage points, while other smart interactive products saw a gross margin increase of 5.0 percentage points to 34.2% [1]. - The company adjusted its profit forecast, now expecting net profits of 380 million, 460 million, and 570 million for 2024, 2025, and 2026 respectively, with corresponding EPS of 1.59, 1.93, and 2.42 [1][6].

Investment Rating - The investment rating for the company is maintained at "Buy-A" with a target price of 27.01 CNY for the next six months, based on a dynamic price-to-earnings ratio of 18 times for 2024 [2][4]. Core Views - The company is expected to benefit from the recovery of the domestic education hardware business as the economic environment improves, alongside the continued rollout of after-school services and smart sports initiatives [2]. - The overseas business is anticipated to grow rapidly due to the ongoing digitalization of education, with a reported 7% increase in overseas revenue for the first half of 2024 [1][2]. - The company has introduced new AI-driven educational tools and solutions, which are expected to enhance its market position [1]. Financial Performance Summary - For the first half of 2024, the company reported revenues of 1.57 billion CNY, a year-over-year decrease of 2.9%, and a net profit of 150 million CNY, an increase of 4.6% [1]. - In Q2 2024, the company achieved revenues of 1.02 billion CNY, reflecting a year-over-year growth of 5.6%, and a net profit of 120 million CNY, up 3.7% year-over-year [1]. - The company's domestic revenue declined by 18% in the first half of 2024 due to weak demand in the education tablet market, while overseas revenue showed resilience [1]. - The gross margin in Q2 2024 decreased by 1.6 percentage points year-over-year, primarily due to price competition in the domestic education interactive flat panel market and rising costs of key raw materials [1]. Earnings Forecast - The projected earnings per share (EPS) for 2024, 2025, and 2026 are 1.50 CNY, 1.68 CNY, and 1.90 CNY, respectively [2][3]. - The company’s net profit margin is expected to stabilize around 8.4% in 2024, with gradual improvements in subsequent years [6][10]. Market Position and Valuation - The company is positioned as a leading provider of educational information technology products and solutions in China, with a strong focus on integrating software and hardware for enhanced educational experiences [2]. - The market capitalization is approximately 5.07 billion CNY, with a circulating market value of about 4.03 billion CNY [4].