Investment Rating - The report assigns a "Buy" rating to the company, with a target price of 73 RMB, indicating an expected increase of over 15% in the next 6-12 months [17][31][95]. Core Insights - The company has experienced significant revenue growth, with a compound annual growth rate (CAGR) of 21.76% from 2021 to 2023, driven by its expansion into the new energy sector, particularly in electric vehicles and energy storage [8][17]. - The company is expected to achieve revenues of 82 billion RMB in 2024, 99 billion RMB in 2025, and 115 billion RMB in 2026, with year-over-year growth rates of 43%, 21%, and 16% respectively [17][95]. - The net profit forecast for the same period is 6.4 billion RMB, 8.6 billion RMB, and 10.9 billion RMB, reflecting year-over-year growth of 57%, 35%, and 27% [17][95]. Financial Analysis and Profit Forecast - The company reported revenues of 23.7 billion RMB, 42.9 billion RMB, and 57.0 billion RMB for the years 2021, 2022, and 2023, with year-over-year growth rates of 28.9%, 80.9%, and 33.0% respectively [8]. - The net profit for the same years was 0.6 billion RMB, 2.6 billion RMB, and 4.1 billion RMB, with significant growth rates of -60.3%, +300.4%, and +58.5% [8]. - The company maintains a strong inventory turnover rate, with days of inventory turnover at 121, 104, and 108 days from 2021 to 2023, indicating efficient inventory management [10]. Business Segments and Growth Drivers - The company's main products include precision stamping molds and metal structural components for electric vehicles, energy storage devices, and traditional fuel vehicles, with a strong focus on the new energy sector [13][18]. - The electric vehicle segment is projected to grow significantly, with expected revenue CAGR of 33% from 2024 to 2026, driven by robust order backlogs and strategic partnerships with leading clients [13][17]. - The energy storage and photovoltaic sectors are also anticipated to contribute to growth, with a projected CAGR of 50% for energy storage equipment from 2024 to 2026 [13][17]. Capacity Expansion and Strategic Initiatives - The company has plans for substantial capacity expansion, with new projects focused on battery box structures and photovoltaic inverters, aiming to meet the increasing demand in the new energy market [28][29]. - As of May 2023, the company has a robust order coverage rate exceeding 100% for its three main structural components, indicating strong market demand and the need for increased production capacity [28][31]. - The company successfully raised 863 million RMB through a private placement to fund its expansion projects, which will enhance its production capabilities in the new energy sector [31].

各位投资者各位老师大家上午好我是详新科技的农民陈正海首先非常感谢中泰证券国定证券华泰证券中信证券浙江证券以及广沙证券对本次一级说明会的大力支持接下来我先介绍一下公司的近况公司的话近期发布了2023年的年报和2024年的一级报 那2023年全年的收入是57.03亿同比增长32.96%扣费精密论3.91亿同比增长63.5%其中新能源汽车精密模具和结构件的营收是36.74亿毛利率是19%燃料车的营收是7.59亿毛利率9%中线和其他的这个结构件的营收是6.28亿毛利率11% 储能光储设备的话营收是5.46亿毛利率15.17%那2013年的话公司进一步加大了研发投入全年的研发投入是2.07亿同比增长了24.06%一季度的话公司营收是15.71亿后费后净利是1.18亿净利率是7.51同比主要增量的话还是在动力电池产品的出货那公司 自从2019年上市以来业绩的话持续稳定增长每年符合增速达到37%每年的话都会拿这个利润的30%进行分红积极响应那个监管层的这个政策的号召那24年的话我们那个营收的目标是80亿金利润目标是8%那主要的话还是 在新年汽车动力电池和光伏储能方面我们加快了客户相关产品的开发进一步拓展了公司的产品我们对二 ...

证券代码：002965 证券简称：祥鑫科技 公告编号：2024-046 祥鑫科技股份有限公司（以下简称"公司"）以自有资金与英飞尼迪（珠海） 创业投资管理有限公司、广东祥远投资有限公司、广州市新兴产业发展基金管理 有限公司和英飞尼迪贰号（珠海）创业投资合伙企业（有限合伙）共同出资人民 币 1 亿元，投资设立广州祥鑫英飞远见创新科技创业投资合伙企业（有限合伙） （以下简称"基金"或"合伙企业"），公司作为有限合伙人认缴出资额人民币 3,900 万 元 ， 认 缴 比 例 为 39% 。 具 体 内 容 详 见 公 司 在 巨 潮 资 讯 网 （www.cninfo.com.cn）披露的《关于与专业投资机构共同投资设立合伙企业的 公告》（公告编号：2022-101）。 2022 年 09 月 28 日，公司披露了《关于与专业投资机构共同投资设立合伙 企业的进展公告》（公告编号：2022-115），基金已完成登记注册手续并取得了广 州市番禺区市场监督管理局核发的《营业执照》。 2022 年 11 月 30 日，公司披露了《关于与专业投资机构共同投资设立的合 伙企业募集完毕的公告》（公告编号：2022-130），基金 ...

大家好欢迎参加详情科技2023年度业绩说明会2024以及保业绩说明会目前所有参会者均处于静音状态下面开始播放免费声明声明播放完毕后组织人可发言 本次电话会议服务于中泰证券正式签约客户为非公开交流活动未经中泰证券授权请勿对外传播本次会议的内容包括但不限于视频、音频、文字记录内容等信息感谢您的理解与配合 尊敬的各位投资者各位老师大家上午好 我是详情科技的农民陈振海首先非常感谢中台证券国定证券华台证券中信证券资商证券以及广发证券对本次业绩说明会的大力支持接下来我先介绍一下公司的近况公司的话近期发布了2023年的年报和2024年的一级报 那2023年全年的收入是57.03亿同比增长32.96%扣费净利润3.91亿同比增长63.5%其中新能源汽车精密模具和结构件的营收是36.74亿毛利率是19%燃油车的营收是7.59亿毛利率9% 中线的其他的这个结构件的营收是6.28亿毛利率11%储能光储设备的话营收是5.46亿毛利率15.17%那2013年的话公司进一步加大了研发投入全年的研发投入是2.07亿同比增长了24.06%一季度的话公司营收是15.71亿 711亿扣费后净利是1.18亿净利率是7.51%同比主要增量的话还是在 ...

下游需求景气，业绩实现高增长 事件。公司 2023 年实现收入 57 亿元，同比+32.96%，归母净利润 4.07 亿 元，同比+58.5%，毛利率 17.9%，净利率 7.2%；2024q1 实现收入 15.7 亿元，同比+36.8%，归母净利润 1.2 亿元，同比+47.8%，毛利率 16.1%， 净利率 7.75% 下游需求景气，收入实现高增长。公司聚焦主业，重点布局新能源赛道，积 极拓展新能源车、动力电池、光伏储能等板块客户，加快相关产品开发，2023 年，受益需求景气，公司新能源车/燃油车/储能/通信冲压件收入分别实现 36.7/7.6/5.5/6.3 亿元，同比分别增长 44%/8.4%/2%/47%。2024Q1，新 能源销售火热，收入维持高增，同比增长 36.8%。 风险提示：宏观经济持续下行致使行业需求不振，原材料价格波动风险，新 客户拓展不利风险，核心客户销量不及预期导致盈利预测偏差。 | --- | --- | --- | --- | --- | --- | |---------------------------|-------|-------|-------|-------|--- ...

感谢大家参加本次会议大家好欢迎参加详新科技2023年度业绩说明会2024一级报业绩说明会目前所有参会者均处于静音状态下面开始播报免费声明声明播报完毕后主持人可 欢迎本次对话会议服务于中泰证券正式签约客户为非公开交流活动未经中泰证券授权请勿对外传播本次会议的内容包括弹幕限语视频音频文字记录内容等信息感谢您的 尊敬的各位投资者各位老师大家上午好我是小新科技的农民 首先非常感谢中产证券、国定证券、华台证券、中信证券、浙江证券以及广沙证券对本次EG说明会的大力支持接下来我先介绍一下公司的近况公司的话近期发布了2023年的年报和2024年的EG报 那么2023年全年的收入是57.03亿同比增长32.96%靠飞精力论3.91亿同比增长63.5%其中新闻游戏的精力模具的结构卷的营收是36.74亿毛利率是19%燃油车的营收是7.59亿毛利率9% 东信的其他的这个机构件的营收是6.28亿毛利率11%储能光储设备的话营收是5.46亿毛利率15.1%那2013年的公司进一步加大了研发投入全年的研发投入是2.07亿投入增长了24.06%一季度的话公司营收是15.71亿 从2019年上市以来,业绩持续稳定增长 每年除了增速达到37%每 ...

Financial Performance - The company's operating revenue for Q1 2024 was ¥1,571,388,228.30, representing a 36.81% increase compared to ¥1,148,601,190.53 in the same period last year[4] - Net profit attributable to shareholders was ¥121,242,623.69, up 47.76% from ¥82,051,234.88 year-on-year[4] - The net profit after deducting non-recurring gains and losses was ¥118,181,762.00, reflecting a 48.94% increase compared to ¥79,346,188.43 in the previous year[4] - The basic earnings per share increased to ¥0.6802, a rise of 47.77% from ¥0.4603 in the same period last year[4] - Net profit for Q1 2024 was ¥121,830,389.96, representing a 48% increase from ¥82,493,652.76 in Q1 2023[25] - Earnings per share for Q1 2024 were ¥0.6802, compared to ¥0.4603 in Q1 2023[26] Cash Flow - The net cash flow from operating activities was negative at -¥89,813,517.47, a significant decrease of 199.25% compared to ¥90,492,286.57 in the previous year[4] - Cash inflow from operating activities was ¥1,385,819,318.50, an increase of 11.80% compared to ¥1,239,558,144.27 in the previous year[13] - Cash outflow from operating activities rose by 28.42% to ¥1,475,632,835.97, attributed to increased material and salary payments due to expanded sales[13] - Operating cash inflow for the first quarter of 2024 was CNY 1,385,819,318.50, an increase of 11.8% from CNY 1,239,558,144.27 in the previous period[29] - Net cash outflow from operating activities was CNY -89,813,517.47, compared to a net inflow of CNY 90,492,286.57 in the same period last year[29] - Total cash outflow for operating activities was CNY 1,475,632,835.97, an increase of 26.5% from CNY 1,149,065,857.70 in the previous year[29] Assets and Liabilities - Total assets at the end of the reporting period were ¥6,523,483,272.23, down 1.52% from ¥6,624,389,934.93 at the end of the previous year[4] - Total liabilities decreased to ¥3,287,175,706.89 in Q1 2024 from ¥3,514,623,874.07 in Q1 2023[22] - The total current assets as of March 31, 2024, amount to 4,672,146,447.31 RMB, a decrease from 4,774,199,266.52 RMB at the beginning of the period[20] - Accounts receivable decreased from 1,752,381,023.26 RMB to 1,636,175,305.90 RMB during the reporting period[20] - Inventory decreased from 1,569,716,631.06 RMB to 1,504,112,909.31 RMB[20] Shareholder Information - The total number of common shareholders at the end of the reporting period is 31,534[15] - The largest shareholder, Chen Rong, holds 21.43% of the shares, totaling 38,200,000 shares[15] - The top ten shareholders hold a significant portion of the shares, with the top two shareholders (Chen Rong and Xie Xiangwa) holding a combined 37.87%[15] - The company completed a private placement of 26 million shares in April 2024, increasing the total share capital from 178,241,638 to 204,241,638 shares[18] - The company has implemented a stock repurchase plan, resulting in a reduction of total shares from 178,250,038 to 178,241,638 due to the cancellation of 8,400 shares[17] Operating Costs and Expenses - The company reported a 40.80% increase in operating costs, amounting to ¥1,317,824,892.32, due to expanded sales scale[11] - Total operating costs for Q1 2024 were ¥1,440,882,094.70, up 36% from ¥1,059,164,111.80 in the same period last year[25] - Research and development expenses for Q1 2024 were ¥49,678,720.92, slightly up from ¥49,000,863.31 in Q1 2023, indicating continued investment in innovation[25] - The company reported a decrease in financial expenses, with total financial costs at ¥3,758,003.28 compared to ¥5,393,534.28 in the previous year[25] Strategic Initiatives - The company is focusing on market expansion and new product development as part of its strategic initiatives for future growth[27] - The company's cash flow from operating activities showed improvement, contributing positively to the overall financial health[27] Investment Activities - Investment cash inflow totaled CNY 424,965,871.67, down 36.5% from CNY 669,159,105.21 in the previous period[29] - Net cash flow from investment activities was CNY 67,525,209.69, a significant improvement from a net outflow of CNY -149,976,351.99 in the previous year[29] Financing Activities - Cash inflow from financing activities was CNY 46,433,830.00, down 40.6% from CNY 78,150,000.00 in the previous period[30] - Net cash flow from financing activities was CNY 10,144,350.03, a decrease of 23.8% compared to CNY 13,329,181.93 in the same period last year[30] Audit Status - The company has not undergone an audit for the first quarter report[31]

祥鑫科技股份有限公司 监事会 2023 年度工作报告 根据《公司法》《证券法》《深圳证券交易所股票上市规则》等法律法规的规 定，祥鑫科技股份有限公司（以下简称"公司"）监事会在 2023 年度认真履行了 监事会监察督促的职责，忠实勤勉地完成了《公司章程》等规定的各项工作，优 化、规范了公司的法人治理结构，推动了公司持续、健康、平稳发展。现将公司 监事会 2023 年度工作报告如下： 一、2023 年度监事会工作情况 2023 年度，公司监事会从维护公司、股东和员工的权益出发，对公司的经 营管理、资产运作、财务状况以及高级管理人员的职责履行等方面进行检查和监 督。经审议，全体监事一致认为： 2023 年度，公司监事会共组织召开了 12 次会议，所召开会议的召集和召开 程序、出席会议人员资格、召集人资格及表决程序等事宜均符合法律、法规及《公 司章程》等有关规定，做出的会议决议合法有效。具体如下： | 序号 | 会议名称 | 召开时间 | 审议事项 | 表决 | | --- | --- | --- | --- | --- | | | | | | 结果 | | | 第四届监事会 | 2023 年 02 | 1.《关于 ...

证券代码：002965 证券简称：祥鑫科技 公告编号：2024-038 祥鑫科技股份有限公司 关于使用募集资金向全资子公司增资 以实施募集资金投资项目的公告 注：以上为四舍五入取小数点后两位的数据。 三、本次使用募集资金向全资子公司增资的情况 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。 祥鑫科技股份有限公司（以下简称"公司"）于 2024 年 04 月 24 日召开第四届董 事会第二十五次会议和第四届监事会第二十五次会议，审议通过了《关于使用募集资金 向全资子公司增资以实施募集资金投资项目的议案》，结合募集资金投资项目的实施情 况、实际进度、实际募集资金额等情况，同意公司使用募集资金向全资子公司祥鑫（东 莞）新能源科技有限公司（以下简称"东莞祥鑫"）、祥鑫科技（广州）有限公司（以 下简称"广州祥鑫"）、常熟祥鑫汽配有限公司（以下简称"常熟祥鑫"）和宜宾祥鑫 新能源技术开发有限公司（以下简称"宜宾祥鑫"）增资以实施募集资金投资项目。 本次交易系公司使用募集资金向全资子公司增资以实施募集资金投资项目，不构成 关联交易，也不构成《上市公司重大资产重组管理办法》规 ...

证券代码：002965 证券简称：祥鑫科技 公告编号：2024-039 祥鑫科技股份有限公司 关于以募集资金置换预先投入募投项目自筹资金 和已支付发行费用的公告 二、募集资金先期投入和置换情况概述 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。 祥鑫科技股份有限公司（以下简称"公司"）于 2024 年 04 月 24 日召开第四届董 事会第二十五次会议和第四届监事会第二十五次会议，审议通过了《关于以募集资金置 换预先投入募投项目自筹资金和已支付发行费用的议案》，结合募集资金投资项目的实 施情况、实际进度、实际募集资金额等情况，同意公司以募集资金置换预先投入募投项 目自筹资金 23,297.99 万元和已支付发行费用 110.00 万元（不含税），共计 23,407.99 万元。 根据公司 2022 年第四次临时股东大会、2023 年第二次临时股东大会和 2023 年第 四次临时股东大会的授权，公司董事会全权办理本次向特定对象发行股票相关事宜。本 次以募集资金置换预先投入募投项目自筹资金和已支付发行费用在股东大会授权范围 内，无需提交公司股东大会审批。现将相关情 ...