Summary of Aohai Technology Conference Call Company Overview - Aohai Technology is a leading global manufacturer of mobile phone chargers, with a market share of 17% in 2023 and approximately 25% in non-Samsung Android phones [2][6][10] - The company has diversified its business into IoT charging, new energy vehicles, and digital energy, while actively expanding into PCs and servers [2][6] Strategic Focus - Aohai Technology implements the "133 Strategy," focusing on energy exchange, efficient charging and storage, and centralized supply [2][8] - The company is expanding production in Vietnam and India to mitigate tariff risks and achieve global capacity [2][7] Financial Performance - The company has a stable shareholding structure, with the controlling shareholders holding over 50% of the shares [2][10] - From 2019 to 2024, the compound annual growth rate (CAGR) for revenue is projected at 23%, and for net profit at 16% [2][10] - Revenue for 2024 is expected to reach 6.4 billion yuan, with a net profit of 465 million yuan, driven by downstream demand and new customer acquisition [2][10] Revenue Breakdown - In 2024, the revenue breakdown is as follows: - Android mobile charging: approximately 3.5 billion yuan - New energy vehicle electronics: around 550 million yuan - IoT business: about 800 million yuan - PC business: around 100 million yuan - Automotive products: approximately 550 million yuan - Server power supplies: less than 400 million yuan [2][12][13] Market Outlook - The mobile charger market is expected to grow from 15 billion to 30 billion yuan, with stable growth anticipated across all business segments [2][14] - IoT business is projected to grow over 40% [2][14] - The company expects to maintain stable growth in 2025, with significant contributions from new customers and product categories [2][14] Key Business Segments - **Mobile Charging**: The company has a concentrated customer base, primarily mobile phone brands, with a significant increase in high-power chargers [15][16] - **IoT Products**: The demand for IoT products is expected to rise due to the implementation of standardized charging interfaces and new wireless charging technologies [17] - **New Energy Vehicles**: Revenue from this segment is expected to reach around 800 million yuan in 2025, with a focus on electric control systems [20][21] - **Server Power Supplies**: The company covers a wide power range, with rapid growth in the AI server market [22] Future Development - Aohai Technology's long-term growth potential is supported by customer expansion and product diversification [24] - The company is well-positioned for future growth, with a low valuation compared to peers, making it an attractive investment opportunity [24][25]

证券代码：002993 证券简称：奥海科技 公告编号：2025-031 东莞市奥海科技股份有限公司 购进展情况。现公司将截至上月末的回购进展情况公告如下： 一、回购股份的进展情况 截至 2025 年 5 月 31 日，公司累计通过回购专用证券账户以集中竞价交易方 式回购股份数量为 269,900 股，占公司目前总股本的 0.1%，最高成交价为 37.4 元/股，最低成交价为36.77元/股，成交总金额为9,998,909元（不含交易费用）。 本次回购符合相关法律、法规、规范性文件及公司股份回购方案的规定。 关于回购公司股份进展公告 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。 东莞市奥海科技股份有限公司（以下简称"公司"）于 2025 年 4 月 21 日召 开第三届董事会第七次会议审议通过了《关于回购公司股份方案暨取得股票回购 专项贷款承诺函的议案》，并于 2025 年 4 月 30 日在《证券时报》《中国证券报》 《上海证券报》《证券日报》和巨潮资讯网（www.cninfo.com.cn）上披露了《回 购报告书》（公告编号：2025-024）。 公司计划 ...

Financial News - In the first four months of 2023, Dongguan's major projects completed an investment of 42.909 billion yuan, representing a year-on-year increase of 6%, with progress 1.9 percentage points faster than the same period last year [1] - A total of 71 new major projects were started, and 14 major projects were completed and put into operation during this period [1] Company Dynamics - Changlian Technology announced an adjustment to its fundraising project, increasing its annual production capacity to 27,700 tons for environmentally friendly water-based printing paste, with a total investment of 208 million yuan [2] - The company reported a revenue of 136 million yuan and a net profit of 16.25 million yuan for Q1 2025 [3] - Mousse Health Sleep Co., Ltd. announced that its 2024 employee stock ownership plan's first unlocking period did not meet performance targets, resulting in a deferral of rights to the next period [5][6] - TuoSiDa announced an extension of the implementation deadline for its intelligent manufacturing project to December 31, 2025, with a cumulative investment of 23.2 million yuan as of May 23, 2025 [7] - TuoSiDa reported a revenue of 362 million yuan and a net profit of 3.85 million yuan for Q1 2025 [8] - Aohai Technology conducted its first share buyback, repurchasing 150,000 shares at a total cost of approximately 5.5623 million yuan [9] - Aohai Technology reported a revenue of 1.442 billion yuan and a net profit of 125 million yuan for Q1 2025 [10] Industry Developments - Guangdong's first commercial sodium-ion energy storage power station project officially commenced operations, marking a significant step in the application of sodium battery storage technology [4]

证券代码：002993 证券简称：奥海科技 公告编号：2025-030 东莞市奥海科技股份有限公司 关于首次回购公司股份的公告 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。 东莞市奥海科技股份有限公司（以下简称"公司"）于 2025 年 4 月 21 日召 开第三届董事会第七次会议审议通过了《关于回购公司股份方案暨取得股票回购 专项贷款承诺函的议案》，并于 2025 年 4 月 30 日在《证券时报》《中国证券报》 《上海证券报》《证券日报》和巨潮资讯网（www.cninfo.com.cn）上披露《回 购报告书》（公告编号：2025-024）。 一、首次回购股份的具体情况 2025 年 5 月 29 日，公司首次以集中竞价交易方式实施了回购股份，回购股 份数量 150,000 股，约占公司目前总股本的 0.05%，最高成交价为 37.4 元/股， 最低成交价为36.85元/股，成交总金额为人民币556.2306万元（不含交易费用）。 本次回购的实施符合公司股份回购方案及相关法律法规的要求。 二、其他说明 公司计划以自有资金或自筹资金回购公司部分人民币普通股（ ...

Core Viewpoint - Aohai Technology (002993) has experienced a decline in stock price, closing at 37.55 yuan as of May 23, 2025, down 2.26% from the previous week, with a total market capitalization of 10.365 billion yuan [1] Group 1: Stock Performance - As of May 23, 2025, Aohai Technology's stock reached a high of 39.3 yuan and a low of 37.41 yuan during the week [1] - The company ranks 25th out of 87 in the consumer electronics sector and 1490th out of 5148 in the A-share market by market capitalization [1] Group 2: Shareholder Changes - As of May 20, 2025, the number of shareholders decreased to 22,000, a reduction of 1,361 shareholders or 5.83% since April 30 [2][5] - The average number of shares held per shareholder increased from 11,800 to 12,600, with an average holding value of 488,200 yuan [2] Group 3: Dividend Announcement - Aohai Technology announced a profit distribution plan for 2024, proposing a cash dividend of 9 yuan per 10 shares, totaling 246,140,316 yuan [3] - The ex-dividend date is set for May 29, 2025, with the adjusted ex-dividend price calculated at 8.916835 yuan per share [3] Group 4: Share Buyback Plan - The company adjusted the maximum buyback price from 59 yuan to 58.11 yuan per share, effective May 29, 2025 [4] - Aohai Technology plans to repurchase shares with a total amount between 40 million and 80 million yuan, aiming to buy back approximately 688,350 to 1,376,699 shares, representing 0.25% to 0.50% of total shares [4]

证券代码：002993 证券简称：奥海科技 公告编号：2025-029 东莞市奥海科技股份有限公司 关于 2024 年年度权益分派实施后调整回购价格上限的公告 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： 东莞市奥海科技股份有限公司（以下简称"公司"）在回购股份期间实施了 2024 年年度权益分派，根据《回购报告书》，如公司在回购股份期内实施了资 本公积转增股本、配股、现金分红及其他除权除息事项，自股价除权除息之日起， 按照中国证监会和深圳证券交易所的相关规定相应调整回购股份价格上限。现回 购股份价格上限调整如下： （1）调整前回购股份价格上限：59 元/股； （2）调整后回购股份价格上限：58.11 元/股； 购股份的价格不超过人民币 59 元/股；回购股份的期限为自董事会审议通过回购 股份方案之日起 12 个月内，公司在回购股份的期限内根据市场情况择机做出回 购决策并予以实施。本次回购的用途为员工持股计划或者股权激励。 二、调整股份回购价格上限的原因 公司于 2025 年 5 月 13 日召开 2024 年年度股东大会审议通过了《关于 202 ...

东莞市奥海科技股份有限公司 2024 年年度权益分派实施公告 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、东莞市奥海科技股份有限公司（以下简称"公司"）通过回购专用证券 账户持有的公司股份 2,550,760 股不享有利润分配权利。 证券代码：002993 证券简称：奥海科技 公告编号：2025-028 2、公司 2024 年年度利润分配方案为：以公司现有总股本 276,040,000 股剔 除已回购股份 2,550,760 股后的 273,489,240 股为基数，向全体股东每 10 股派 发现金股利人民币 9 元（含税），合计派发现金人民币 246,140,316 元，剩余利 润作为未分配利润留存。不送红股，不以资本公积金转增股本。 3、本次权益分派实施后除权除息价格计算时，每 10 股现金红利应以 8.916835 元计算。（每 10 股现金股利=实际派发现金股利总额÷总股本（含回 购股份）×10=246,140,316 元÷276,040,000 股×10=8.916835 元）。本次权益 分派实施后除权除息参考价=股权登记日收盘价 ...

东莞市奥海科技股份有限公司 2024 年年度股东大会决议公告 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。 证券代码：002993 证券简称：奥海科技 公告编号：2025-027 特别提示： 1、本次股东大会未出现否决提案的情形。 2、本次股东大会未涉及变更以往股东大会已通过的决议。 一、会议召开及出席情况 1、会议召开情况 （1）本次股东大会的召开时间 现场会议召开时间：2025 年 5 月 13 日（星期二）下午 14:00。 网络投票时间：2025 年 5 月 13 日；其中，通过深圳证券交易所交易系统投 票的时间为：2025 年 5 月 13 日上午 9:15-9:25，9:30-11:30，下午 13:00-15:00； 通过深圳证券交易所互联网投票系统投票的时间为：2025 年 5 月 13 日上午 9:15 至下午 15:00 期间的任意时间。 （2）现场会议召开地点：东莞市塘厦镇沙新路 27 号公司会议室。 （3）会议召开方式：现场投票与网络投票相结合的方式。 （4）会议召集人：公司董事会。 （5）现场会议主持人：公司董事长刘昊先生。 （6） ...

11、12/F, TaiPing Finance Tower, Yitian Road 6001, Futian District, ShenZhen, P.R China 电话(Tel.)：(0755)88265288 传真(Fax.)：(0755)88265537 网址（Website）：http://www.sundiallawfirm.com 广东信达律师事务所 关于东莞市奥海科技股份有限公司2024年年度股东大会 法律意见书 中国深圳福田区益田路6001号太平金融大厦11、12楼 邮政编码：518038 信达会字（2025）第115号 致：东莞市奥海科技股份有限公司 根据《中华人民共和国公司法》（下称"《公司法》"）、《中华人民共和 国证券法》《上市公司股东大会规则》（下称"《规则》"）等法律、法规以及 现行有效的《东莞市奥海科技股份有限公司章程》（下称"《公司章程》"）的 规定，广东信达律师事务所（下称"信达"）接受贵公司的委托，指派宋幸幸、 罗晓丹律师（下称"信达律师"）出席贵公司2024年年度股东大会（下称"本次 股东大会"），在进行必要验证工作的基础上，对贵公司本次股东大会的召集、 召开程序 ...

Investment Rating - The report gives a "Strong Buy" rating for the company, with a target price of 48.35 CNY and a current price of 39.49 CNY [2][6][10]. Core Views - The company is positioned as a global leader in mobile charging solutions, benefiting from the growth in consumer electronics driven by AI technology, as well as expanding into the electric vehicle and digital energy sectors [6][10][14]. - The report highlights the company's strong market share in mobile chargers and its strategic partnerships with major clients, which are expected to drive revenue growth [6][10][14]. Summary by Sections Company Overview - The company is a leading player in mobile charging solutions, focusing on the design, development, and production of chargers and power banks for smart devices [14][15]. - It has expanded its business into electric vehicles and digital energy, aiming to capture growth in these sectors [14][15]. Financial Performance - Projected total revenue for 2024 is 6,423 million CNY, with a year-on-year growth of 24.1% [2]. - The net profit attributable to shareholders is expected to reach 465 million CNY in 2024, reflecting a growth of 5.4% [2]. - The company has shown consistent revenue growth, with a significant increase in its digital energy segment [25][32]. Consumer Electronics - The demand for mobile chargers is expected to rise due to the recovery in smartphone shipments and the increasing penetration of AI technology, which enhances charging power and battery capacity [33][36]. - The company maintains the largest market share in mobile chargers globally, with a focus on both original equipment manufacturer (OEM) and aftermarket segments [6][10][33]. Electric Vehicles - The electric vehicle market is growing rapidly, and the company aims to establish itself as a key player in the international electric control sector through strategic acquisitions [6][10][14]. - The acquisition of a controlling stake in a key electric control company has significantly boosted revenue and market penetration [6][10][14]. Digital Energy - The company is expanding its digital energy product line, including server power supplies and charging stations, with a focus on high-power applications [6][10][14]. - The server power supply segment is projected to benefit from the increasing demand driven by AI applications, with products covering power ranges from 550W to 8000W [6][10][14].