东莞市奥海科技股份有限公司 投资者关系活动记录表 东莞市奥海科技股份有限公司 投资者关系活动记录表 股票简称：奥海科技 股票代码：002993 编号：2024-001 □特定对象调研 □分析师会议 投资者关系活 □媒体采访 ☑业绩说明会 动类别 □新闻发布会 □路演活动 □现场参观 □其他(电话会议) 参与单位名称 线上参与公司2023年度暨2024年一季度业绩说明会的全体投资者 时间 2024年5 月13日 15：00-16：00 地点 价值在线（https://www.ir-online.cn/）网络互动 董事长兼总经理 刘昊先生 副总经理兼董事会秘书 蔺政先生 公司接待 副总经理兼财务总监 赵超峰先生 人员姓名 投资者关系总监 何忠缘先生 ...

23H1 增长动能切换，非手机业务快速增长 | --- | --- | --- | --- | --- | --- | --- | |-----------------------------------------------------------------------------|-----------------------------------------------|-------------------|-------|-------|--------------------------|-------| | [Table_Industry] [Table_Title] 评级：买入（维持） \n市场价格： 33.71 元 | [Table_Finance 公司盈利预测及估值 1] \n指标 | \n2022A | 2023A | 2024E | 2025E | 2026E | | 分析师： 王芳 | 营业收入（百万元） | 4,467 | 5,174 | 6,717 | 8,144 | 9,840 | | | 增长率 yoy% | 5% | 16% | 29.8% | 21.2% | 20. ...

Investment Rating - The report assigns a "Buy" rating to the company with a target price of 45.4 CNY for 2024, based on a 20x PE ratio [2][4][57]. Core Insights - The company is actively expanding its overseas market and has shown impressive performance in Q1 2024, driven by increased product orders and a steady rise in market share [2][4]. - The company focuses on three main sectors: consumer electronics, new energy vehicles, and digital energy, with significant progress reported in each area [2][4]. - The projected compound annual growth rate (CAGR) for net profit from 2024 to 2026 is expected to reach 28.7% [2][4]. Summary by Sections Business Performance - In 2023, the company achieved a revenue of 5.174 billion CNY, a year-on-year increase of 15.8%, and a net profit of 440.94 million CNY, up 0.75% [4][26]. - For Q1 2024, the company reported revenues of 1.36 billion CNY and a net profit of 120 million CNY, reflecting year-on-year increases of 51.1% and 37.7%, respectively [4][26]. Revenue Breakdown - The revenue from the charger segment was 3.96 billion CNY, with a year-on-year growth of 12.7%. The portable energy storage and other products generated 670 million CNY, up 13%, while the new energy vehicle control products saw a significant increase of 50.4%, reaching 550 million CNY [4][24][57]. Profitability Metrics - The company's gross margin for 2023 was 22.3%, with a net margin of 8.5%. The gross margin for the charger segment was 20.6%, while the portable energy storage and new energy vehicle segments had gross margins of 35.2% and 18.0%, respectively [4][45][57]. Future Projections - The company anticipates revenues of 7.055 billion CNY in 2024, with a growth rate of 36.35%, and expects net profits to reach 627.14 million CNY, reflecting a growth rate of 42.23% [5][57]. - The new energy vehicle control system orders are projected to grow at rates of 47.0%, 28.8%, and 16.2% from 2024 to 2026, with gross margins expected to improve to 23% by 2026 [54][57]. Strategic Focus - The company aims to leverage its existing business and technology to expand into wireless chargers, PC adapters, IoT power supplies, and digital energy solutions, enhancing its competitive edge in the energy application sector [38][39]. - The strategic plan includes a focus on energy-efficient applications and aims to achieve long-term goals of generating 10 billion CNY in revenue from each of its three main sectors [35].

上 市 公 司 | --- | --- | |------------------------------------|-------------------------------| | 市场数据： | 2024 年 04 月 30 日 | | 收盘价（元） | 33.53 | | 一年内最高 / 最低（元） | 44.5/23.1 | | 市净率 | 1.9 | | 息率（分红/ 股价） | 0.89 | | 流通 A 股市值（百万元） | 7976 | | 上证指数/深证成指 | 3104.83/9587.13 | | 注："息率"以最近一年已公布分红计算 | | 相关研究 报告原因：有业绩公布需要点评 买入（维持）投资要点： 公告：2023 年公司实现营收 51.74 亿元，YoY+15.84%；归母净利润 4.41 亿元， YoY+0.76%；扣非归母净利润 3.59 亿元，YoY-14.31%，业绩低于预期。1Q24 公司营 收 13.63 亿元，YoY +51.06%；归母净利润 1.23 亿元，YoY +37.72%；扣非归母净利润 1.00 亿元，YoY +39.57%。一季度业绩超预期。 ...

本报告仅供 Choice 东方财富 使用，请勿传阅。 公司快报 2024 年 04 月 30 日 奥海科技(002993.SZ) 事件：公司发布 2023 年报及 2024 年一季报，2023 年实现营业收 入 51.74 亿元，同比增长 15.84%；实现归母净利润 4.41 亿元，同比 增长 0.76%；实现扣非归母净利润 3.59 亿元，同比下降 14.31%。24Q1 实现营业收入 13.63 亿元，同比增长 51.06%；实现归母净利润 1.23 亿元，同比增长 37.72%；实现扣非归母净利润 1.00 亿元，同比增长 39.57%。 单季度来看，23Q4 公司实现营收 16.06 亿元（yoy+43.69%， qoq+3.49% ）， 创 单 季 历 史 新 高 ， 实 现 归 母 净 利 润 0.92 亿 元 （yoy+63.55%，qoq-30.72%），受汇率波动、股权激励摊销、研发投 入加大、年底费用计提等影响；24Q1 延续景气向上态势，公司营收及 业绩均实现同比高增长。公司持续加大研发投入，2023/24Q1 研发费 用分别达到 3.08/0.91 亿元（yoy+26.17%/yoy ...

本公司具备证券投资咨询业务资格，请务必阅读最后一页免责声明 证券研究报告 3 民生证券股份有限公司（以下简称"本公司"）具有中国证监会许可的证券投资咨询业务资格。 本报告仅供本公司境内客户使用。本公司不会因接收人收到本报告而视其为客户。本报告仅为参考之用，并不构成对客户的投资 建议，不应被视为买卖任何证券、金融工具的要约或要约邀请。本报告所包含的观点及建议并未考虑个别客户的特殊状况、目标或需 要，客户应当充分考虑自身特定状况，不应单纯依靠本报告所载的内容而取代个人的独立判断。在任何情况下，本公司不对任何人因 使用本报告中的任何内容而导致的任何可能的损失负任何责任。 本报告是基于已公开信息撰写，但本公司不保证该等信息的准确性或完整性。本报告所载的资料、意见及预测仅反映本公司于发 布本报告当日的判断，且预测方法及结果存在一定程度局限性。在不同时期，本公司可发出与本报告所刊载的意见、预测不一致的报 告，但本公司没有义务和责任及时更新本报告所涉及的内容并通知客户。 在法律允许的情况下，本公司及其附属机构可能持有报告中提及的公司所发行证券的头寸并进行交易，也可能为这些公司提供或 正在争取提供投资银行、财务顾问、咨询服务 ...

Investment Rating - The report maintains a "Buy" rating for the company, indicating expected strong performance relative to the market [11][32]. Core Insights - The company achieved a revenue of 5.174 billion yuan in 2023, a year-on-year increase of 15.84%, with a net profit attributable to shareholders of 441 million yuan, up 0.76% year-on-year [2][3]. - For Q1 2024, the company reported a revenue of 1.363 billion yuan, representing a 51.06% year-on-year growth, and a net profit of 123 million yuan, up 37.72% year-on-year [2][3]. - The report highlights the growth potential in the electric vehicle sector, particularly due to the mass production of new energy vehicle products [2][11]. Financial Performance Summary - Revenue and Profit Forecasts: The company is projected to achieve net profits of 641 million yuan, 861 million yuan, and 1.047 billion yuan for 2024, 2025, and 2026 respectively, with corresponding EPS of 2.32 yuan, 3.12 yuan, and 3.79 yuan [2][27]. - Revenue Breakdown: In 2023, the charger and adapter segment generated 3.959 billion yuan (76.52% of total revenue), while the electric control products for new energy vehicles contributed 547 million yuan (10.58% of total revenue) [3][12]. - Cost and Margin Analysis: The gross margin for 2023 was 22.25%, a slight increase of 0.50 percentage points year-on-year, while the gross margin for Q1 2024 was 22.08%, showing a decrease of 2.25 percentage points year-on-year [2][3]. Market Outlook - The report anticipates a recovery in the smartphone market in 2024, which is expected to drive continued growth in the company's mobile charger business [12][26]. - The company has completed the development of its 2000W mainstream server power supply, which is expected to contribute to revenue growth as production ramps up [12][26].

证券代码：002993 证券简称：奥海科技 公告编号：2024-014 东莞市奥海科技股份有限公司 东莞市奥海科技股份有限公司（以下简称"公司"）于 2024 年 4 月 30 日在 《中国证券报》、《上海证券报》、《证券日报》、《证券时报》及巨潮资讯网 （www.cninfo.com.cn）披露了《2023 年年度报告》、《2023 年年度报告摘要》 及《2024 年第一季度报告》。 为便于广大投资者更全面、深入地了解公司经营业绩、发展战略等情况，公 会议召开时间：2024 年 5 月 13 日（星期一）15:00-16:00 会议召开方式：网络互动方式 会议召开地点：价值在线（www.ir-online.cn） 会 议 问 题 征 集 ： 投 资 者 可 于 2024 年 05 月 13 日 前 访 问 网 址 https://eseb.cn/1dWluFPSLbW 或使用微信扫描下方小程序码进行会前提 问，公司将通过本次业绩说明会，在信息披露允许范围内就投资者普遍关注 的问题进行回答。 司定于 2024 年 5 月 13 日 （ 星 期 一 ） 15:00-16:00 在 " 价 值 在 线 " （ww ...

国金证券股份有限公司 关于东莞市奥海科技股份有限公司 首次公开发行股票及2021年度非公开发行股票 之保荐总结报告书 国金证券股份有限公司（以下简称"国金证券"或"保荐机构"）作为东莞市奥 海科技股份有限公司（以下简称"奥海科技"、"公司"）首次公开发行股票及2021 年度非公开发行股票的保荐机构，持续督导期限截至2023年12月31日。目前，国 金证券对奥海科技的持续督导期限已满。国金证券根据中国证券监督管理委员会 （以下简称"中国证监会"）《证券发行上市保荐业务管理办法》（以下简称"《 保荐办法》"）等相关规定，出具本保荐总结报告书： | 保荐机构名称 | 国金证券股份有限公司 | | --- | --- | | 注册地址 | 成都市青羊区东城根上街95号 | | 法定代表人 | 冉云 | | 保荐代表人 | 谢丰峰、余烯键 | | 联系电话 | 0755-82805120 | 一、保荐机构基本情况 二、上市公司基本情况 | 公司名称 | 东莞市奥海科技股份有限公司 | | --- | --- | | 证券代码 | 002993 | | 注册资本 | 27,604万人民币 | | 注册地址 | 东莞市塘厦 ...

Financial Performance - The company's operating revenue for 2023 reached ¥5,174,273,886.84, representing a 15.84% increase compared to ¥4,466,847,997.94 in 2022[18]. - Net profit attributable to shareholders was ¥440,941,180.79, a slight increase of 0.76% from ¥437,678,276.88 in the previous year[18]. - The net profit after deducting non-recurring gains and losses decreased by 14.31% to ¥359,376,085.99 from ¥419,450,505.92 in 2022[18]. - The cash flow from operating activities was ¥618,530,812.48, down 2.10% from ¥631,788,044.89 in the previous year[18]. - The total assets at the end of 2023 were ¥8,405,578,526.48, marking a 19.04% increase from ¥7,055,285,079.14 at the end of 2022[19]. - The net assets attributable to shareholders increased by 4.46% to ¥4,773,180,853.08 from ¥4,569,494,334.90 in 2022[19]. - The basic earnings per share decreased by 9.66% to ¥1.59 from ¥1.76 in the previous year[18]. - The weighted average return on equity was 9.44%, down from 13.46% in 2022, indicating a decline of 4.02%[19]. - The company achieved a revenue of 517,427.39 million yuan in 2023, representing a year-on-year growth of 15.84%[62]. - Net profit attributable to shareholders was 44,094.12 million yuan, with a slight increase of 0.76% compared to the previous year[62]. Dividend Distribution - The company plans to distribute a cash dividend of 6 RMB per 10 shares to all shareholders, based on a total of 276,040,000 shares[3]. - A cash dividend of RMB 6 per 10 shares (including tax) is proposed, with a total cash dividend amounting to RMB 165,624,000, representing 100% of the distributable profit[194]. - The company distributed a cash dividend of RMB 3 per 10 shares to all shareholders, totaling 81,959,133 RMB for the 2022 fiscal year and 82,812,000 RMB for the first three quarters of 2023[191]. - The company distributed a cash dividend of RMB 3 per 10 shares (including tax) for the first three quarters of 2023, totaling RMB 852,867 for the employee stock ownership plan[197]. Research and Development - Research and development expenses rose significantly to 308.4 million yuan, marking a 26.17% increase and accounting for 5.96% of total revenue[64]. - The company has established five major R&D centers and increased its R&D personnel to 889[65]. - The number of R&D personnel increased by 42.01% from 626 in 2022 to 889 in 2023, with a proportion of 15.38% of total employees[85]. - Investment in R&D increased by 30%, focusing on innovative technologies and product development to enhance competitive advantage[148]. - The company is committed to investing in R&D for new energy vehicle control systems and digital energy solutions, aiming to become a competitive third-party control system provider[133]. Market Expansion and Sales - The company has a commitment to transparency, with its annual report available on multiple media platforms and its official website[16]. - The proportion of international sales in total revenue increased to 33.70%, up by 2.8 percentage points year-on-year[62]. - The company aims to achieve a short-term goal of maintaining its leading position in the mobile phone sector and a mid-to-long-term goal of reaching three billion in revenue across mobile phones, consumer electronics, and new energy vehicles[128]. - The company plans to expand its market presence in Southeast Asia, targeting a 10% market share within the next two years[148]. - The company is actively pursuing partnerships to expand its technological capabilities and market reach[171]. Product Development and Innovation - The company has developed several industry-leading new products, including a 65W dual-port magnetic integrated charger and a 240W PD3.1 power adapter[48]. - The company has developed a new AC/DC module that integrates transformer, secondary rectification, filtering, and voltage regulation functions, achieving a 25% reduction in charger volume[81]. - The company is developing a high-voltage (800V SiC) motor controller that meets AUTOSAR standards, enhancing product technology and market competitiveness[83]. - The company is focusing on developing a high-pressure battery inverter for the European three-phase grid market, aiming to capture new market opportunities[84]. - The company is developing a range of new products including high-performance chargers, AC/DC modules, and wireless charging solutions for personal care devices, targeting a market with significant growth potential[138]. Corporate Governance - The company has established a sound internal management structure and operates independently from its controlling shareholders and other enterprises under their control[160]. - The company has appointed new independent directors and a supervisor, effective June 8, 2023, to enhance governance and oversight[165]. - The company is committed to maintaining high standards of corporate governance with the recent changes in its board composition[165]. - The board's commitment to shareholder rights and corporate governance has been emphasized throughout the reporting period[184]. - The company has implemented a "Quality Improvement" initiative, which is expected to enhance product quality and customer satisfaction, potentially increasing repeat purchases by 12%[148]. Risk Management - The company has implemented a foreign exchange hedging strategy to mitigate exchange rate risks, ensuring compliance with relevant regulations[113]. - The company aims to strengthen risk management by controlling overdue accounts receivable and bad debts[112]. - Raw material price fluctuations pose a significant risk to the company's gross margin and operational performance, with strategies in place to mitigate these impacts through vertical integration and strategic supplier partnerships[143]. - The company faces market competition risks, particularly in the consumer electronics and new energy sectors, which could impact market expansion and technological upgrades[141]. Investment and Financial Management - The company reported a total investment of 369,392,722.87 for the reporting period, a decrease of 28.30% compared to the previous year's investment of 515,183,666.41[100]. - The company has completed a capital increase of 200 million USD in Singapore, with a total investment of 14,165,400 CNY[105]. - The total amount of funds raised through a non-public offering was RMB 1,676.9 million, with a net amount of RMB 1,664.6 million after deducting issuance costs[116]. - The company has not engaged in any securities investments during the reporting period[109]. - The company has not proposed any stock bonus or capital reserve transfer to increase share capital in the 2023 profit distribution plan[194].