电力设备 | 证券研究报告 — 调整盈利预测 2024 年 9 月 4 日 003021.SZ 增持 原评级：增持 市场价格:人民币 37.02 板块评级:强于大市 股价表现 (%) 今年 至今 1 个月 3 个月 12 个月 (32%) (19%) (7%) 5% 18% 30% Sep-23Oct-23Nov-23Dec-23Jan-24Feb-24Mar-24Apr-24May-24Jun-24Jul-24Sep-24 兆威机电 深圳成指 绝对 (59.6) (13.0) (30.0) (48.4) 相对深圳成指 (47.5) (9.7) (18.3) (27.4) | --- | --- | --- | |-------------------------------|------------|----------| | | | | | | | | | 发行股数 ( 百万 ) | | 238.94 | | 流通股 ( 百万 ) | | 206.20 | | 总市值 ( 人民币 百万 ) | | 8,845.59 | | 3 个月日均交易额 ( 人民币 | 百万 ) | 178.86 | | 主要股东 ...

Investment Rating - The report maintains a "Buy" rating for the company, indicating an expected stock price increase of over 15% relative to the industry index in the next six months [12]. Core Views - The company has shown steady revenue growth, with a 28.10% year-on-year increase in revenue for the first half of 2024, reaching 645 million yuan, and a 29.05% increase in net profit attributable to shareholders, amounting to 93.83 million yuan [2][5]. - The company is focusing on sectors such as automotive electronics, smart consumer products, medical care, and industrial automation, enhancing product technology innovation and project execution capabilities [2]. - The company is actively investing in research and development, with R&D expenses increasing by 33.11% year-on-year to 76.35 million yuan in the first half of 2024, representing an R&D expense ratio of 11.83% [2][5]. Financial Summary - Revenue (in million yuan): - 2022A: 1,152 - 2023A: 1,206 - 2024E: 1,471 - 2025E: 1,810 - 2026E: 2,307 - Year-on-year growth rates for revenue are projected at 22.0% for 2024, 23.0% for 2025, and 27.5% for 2026 [1][8]. - Net profit (in million yuan): - 2022A: 150 - 2023A: 180 - 2024E: 204 - 2025E: 255 - 2026E: 325 - Year-on-year growth rates for net profit are projected at 13.2% for 2024, 25.1% for 2025, and 27.5% for 2026 [1][8]. Product and Market Development - The company is diversifying its product offerings in automotive electronics and robotics, with innovative solutions for automotive displays and a bionic robotic hand product under development [2]. - The company is also constructing industrial parks in Dongguan and Suzhou to enhance production capacity [2].

兆威机电（ [Table_StockNameRptType] 003021） 公司点评 | --- | --- | --- | |-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|-------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...

北京金诚同达（深圳）律师事务所 深圳市福田区鹏程一路广电金融中心42层 518000 电话：0755-2223 5518 传真：0755-2223 5528 北京金诚同达（深圳）律师事务所 法律意见书 关于 深圳市兆威机电股份有限公司 2024 年第二次临时股东会的 法律意见 书 金深法意字[2024]第 805 号 北京金诚同达（深圳）律师事务所 关于 深圳市兆威机电股份有限公司 2024 年第二次临时股东会的法律意见书 金深法意字[2024]第 805 号 致：深圳市兆威机电股份有限公司 北京金诚同达（深圳）律师事务所（以下简称"本所"）接受深圳市兆威机 电股份有限公司（以下简称"公司"）委托，指派本所律师出席了公司 2024 年 第二次临时股东会（以下简称"本次股东会"），并根据《中华人民共和国公司 法》（以下简称"《公司法》"）、《中华人民共和国证券法》、中国证券监督 管理委员会发布的《上市公司股东大会规则》（以下简称"《股东会规则》"）、 《上市公司治理准则》《律师事务所从事证券法律业务管理办法》《律师事务所 证券法律业务执业规则（试行）》、深圳证券交易所（以下简称"深交所"）发 布的《深圳证券交易 ...

北京金诚同达（深圳）律师事务所 关于 深圳市兆威机电股份有限公司 2024 年股票期权与限制性股票 激励计划授予 的 法律意见书 金深法意字[2024]第 806 号 深圳市福田区鹏程一路广电金融中心42层 518000 电话：0755-2223 5518 传真：0755-2223 5528 | | | | 释 | 义 | 1 | | --- | --- | --- | | 正 | 文 | 5 | | 一、本次授予的批准和授权 | | 5 | | 二、本次授予的授予日 | | 6 | | 三、本次授予的激励对象、授予数量及授予价格 | | 7 | | 四、本次授予的信息披露 | | 8 | | 五、结论性意见 | | 8 | 北京金诚同达（深圳）律师事务所 兆威机电 2024 年股权激励计划法律意见书 释 义 在本法律意见书中，除非文中另有说明，下列词语具有如下涵义： | 本所 | 指 | 北京金诚同达（深圳）律师事务所 | | --- | --- | --- | | 兆威机电、公司、上市公司 | 指 | 深圳市兆威机电股份有限公司 | | A 股 | 指 | 中国境内上市人民币普通股 | | 本激励计划 | ...

深圳市兆威机电股份有限公司 2024 年股票期权与限制性股票激励计划 激励对象名单（授予日） （一）本激励计划授予的股票期权在各激励对象间的分配情况如下表所示： | 序号 | 姓名 | 职务 | 获授的限制性 | 占授予限制性股 票总量的比例 | 占本激励计划公告 | | --- | --- | --- | --- | --- | --- | | | | | 股票数量 | | 日公司股本总额的 | | | | | （万股） | | 比例 | | | | | 一、董事、高级管理人员 | | | | 1 | 叶曙兵 | 董事、总经理 | 6.69 | 5.2982% | 0.0280% | | 2 | 李平 | 董事、副总经理 | 6.69 | 5.2982% | 0.0280% | | 3 | 左梅 | 财务总监 | 6.00 | 4.7517% | 0.0251% | | 4 | 牛东峰 | 董事会秘书 | 2.13 | 1.6869% | 0.0089% | | | 合计 | | 21.51 | 17.0349% | 0.0900% | 1 | 二、其他激励对象 | | | | | | --- | --- ...

证券代码：003021 证券简称：兆威机电 公告编号：2024-049 深圳市兆威机电股份有限公司 关于 2024 年股票期权与限制性股票激励计划 内幕信息知情人及激励对象买卖公司股票情况的自查报告 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。 2、本次激励计划的内幕信息知情人均填报了《内幕信息知情人登记表》。 深圳市兆威机电股份有限公司（以下简称"公司"）于 2024 年 8 月 7 日召开 第三届董事会第三次会议和第三届监事会第三次会议，审议通过了《关于公司 <2024 年股票期权与限制性股票激励计划（草案）>及其摘要的议案》等相关议 案，具体内容详见公司 2024 年 8 月 8 日发布于巨潮资讯网（www.cninfo.com.cn） 上的相关公告。 3、公司向中登深圳就核查对象在本次激励计划草案首次公开披露前六个月 （2024 年 2 月 8 日—2024 年 8 月 8 日）买卖公司股票情况进行了查询确认，并 由中登深圳出具了查询证明。 根据《上市公司股权激励管理办法》（下称"《管理办法》"）《深圳证券交易 所上市公司自律监管指南第 1 号——业 ...

证券代码：003021 证券简称：兆威机电 公告编号：2024-052 深圳市兆威机电股份有限公司 关于向 2024 年股票期权与限制性股票激励计划激励对象 授予股票期权与限制性股票的公告 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： 1、股票期权与限制性股票授予日：2024 年 8 月 28 日 2、授予股票期权 126.27 万份，行权价格 42.70 元/份；授予限制性股票 126.27 万股，授予价格 21.35 元/股。 深圳市兆威机电股份有限公司（以下简称"公司"）于 2024 年 8 月 28 日召 开第三届董事会第五次会议和第三届监事会第五次会议，审议通过了《关于向 2024 年股票期权与限制性股票激励计划激励对象授予股票期权与限制性股票的 议案》，现将相关事项公告如下： 一、本次激励计划简述 （一）标的股票种类：股票期权和限制性股票。 （二）标的股票来源：为公司向激励对象定向发行公司 A 股普通股股票。 （三）授予数量： 1、股票期权激励计划：授予 126.27 万份，约占本激励计划草案公告时公司 股本总额 23,894.0 ...

Financial Performance - The company's operating revenue for the first half of 2024 reached ¥645,112,448.69, representing a 28.10% increase compared to ¥503,600,483.49 in the same period last year[11]. - Net profit attributable to shareholders of the listed company was ¥93,827,145.79, up 29.05% from ¥72,706,823.73 in the previous year[11]. - The net profit after deducting non-recurring gains and losses was ¥72,492,342.50, which is a 49.89% increase from ¥48,364,659.36 year-on-year[11]. - The net cash flow from operating activities was ¥66,351,485.42, reflecting a 5.20% increase compared to ¥63,074,390.08 in the previous year[11]. - Basic earnings per share increased to ¥0.39, a 30.00% rise from ¥0.30 in the same period last year[11]. - The gross profit margin improved to 31.23%, up by 3.19% from the previous year, with operating costs increasing by 22.43% to ¥443,661,830.71[50]. - Research and development expenses rose by 33.11% to ¥76,347,235.11, reflecting increased investment in innovation[48]. Assets and Liabilities - Total assets at the end of the reporting period were ¥3,781,676,831.90, a slight decrease of 0.59% from ¥3,804,043,861.54 at the end of the previous year[11]. - Net assets attributable to shareholders of the listed company were ¥3,087,228,963.66, showing a marginal decrease of 0.01% from ¥3,087,682,665.24 at the end of the previous year[11]. - The company's cash and cash equivalents increased by 366.52% to ¥106,338,690.35, attributed to reduced cash outflows from investing activities[48]. - The total liabilities decreased from CNY 716,361,196.30 to CNY 694,447,868.24, a decrease of approximately 3.06%[121]. - The company's total financial assets amounted to CNY 892,963,777.63, with a significant increase in trading financial assets to CNY 827,052,216.61, up from CNY 640,471,075.11 at the beginning of the period[54]. Market and Industry Focus - The company operates in the "C Manufacturing" sector, specifically in the "C38 Electrical Machinery and Equipment Manufacturing" industry, focusing on micro transmission and micro drive systems, which are experiencing growth due to trends in electric vehicles and artificial intelligence[16]. - The automotive electronics sector is a key area for the company, with deep collaborations with major clients like Bosch and BYD, and products such as vehicle screen actuators and electronic parking systems being widely recognized[16]. - The company is actively involved in the smart consumer electronics market, focusing on AR & VR technologies and developing products like IPD adjustment actuators to meet evolving market demands[18]. - The communication industry is a growth area for the company, benefiting from the expansion of 5G networks and optimizing products like RCU adjustment modules for base station antennas[18]. Research and Development - The company emphasizes continuous innovation in product development, aiming to enhance its offerings across various applications, including automotive, medical, industrial, consumer electronics, communication, and robotics[19]. - The company has established a comprehensive one-stop R&D and manufacturing capability, covering the entire process from design to performance testing of micro transmission systems[37]. - The company is focusing on R&D for new technologies, such as the 5G base station RCU module, which allows remote adjustment of antenna radiation angles to improve network coverage[24]. - The company has invested in advanced manufacturing equipment, including precision EDM machines and automated production lines, to enhance production efficiency and quality control[40]. Corporate Governance and Social Responsibility - The company emphasizes the importance of understanding the risks associated with forward-looking statements regarding future plans and market conditions[2]. - The company has implemented a comprehensive quality management system to ensure high-quality delivery and rapid response to customer issues[33]. - The company has engaged in social welfare activities, including donations to improve public transportation for local residents[84]. - The company has implemented measures to reduce carbon emissions, including promoting energy-saving practices and installing photovoltaic systems[73]. Shareholder and Equity Information - The company plans not to distribute cash dividends or issue bonus shares[2]. - A total of 470,705 restricted shares and 1,344,872 stock options were canceled during the reporting period as part of the equity incentive plan[71]. - The total number of shares increased to 239,411,505 after a capital reserve conversion of 68,403,287 shares, representing a 40% increase[101]. - The largest shareholder, Shenzhen Qianhai Zhaowei Financial Holdings Co., Ltd., holds 85,120,000 shares, accounting for 35.55% of total shares[105]. Operational Efficiency - The company has implemented a flexible production model, utilizing an MES system for real-time monitoring and management of production processes, improving resource utilization and customer satisfaction[27]. - The company aims to enhance production capacity and efficiency through lean manufacturing practices and improved process capabilities[27]. - The company has established a dynamic supplier evaluation system to enhance supplier management and improve operational efficiency[80]. Financial Management - The company has not engaged in any securities or derivative investments during the reporting period[55]. - The company has engaged in entrusted financial management with a total amount of 248,744,300 RMB, including 9,000,000 RMB in bank financial products and 150,400,000 RMB in trust financial products[98]. - The company has not experienced any insider information leaks or regulatory penalties during the reporting period[75]. Future Outlook - The company projects a revenue growth of 10% for the second half of 2024, aiming for a total revenue of 2.4 billion RMB by year-end[160]. - New product launches are expected to contribute an additional 300 million RMB in revenue, with a focus on innovative technology solutions[160]. - The company plans to expand its market presence in Southeast Asia, targeting a 25% market share in the region by 2025[160].

第三届董事会第四次会议决议公告 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。 1、深圳市兆威机电股份有限公司（以下简称"公司"）于 2024 年 8 月 16 日 以通讯方式向各董事发出公司第三届董事会第四次会议的通知。 深圳市兆威机电股份有限公司 证券代码：003021 证券简称：兆威机电 公告编号：2024-042 一、董事会会议召开情况 2、本次会议于 2024 年 8 月 26 日在公司会议室以现场结合通讯方式召开。 3、会议应到 7 人，亲自出席董事 7 人，其中现场出席董事 5 人，分别为： 谢燕玲女士、叶曙兵先生、李平先生、沈险峰先生、郭新梅女士；通讯出席董事 2 人，分别为李海周先生、周长江先生。 4、会议由董事长李海周先生主持，公司监事和高级管理人员列席了本次会 议。 5、会议通知、召集和召开符合《中华人民共和国公司法》等相关法律、法 规、规范性文件及《公司章程》的有关规定。 二、董事会会议审议情况 （一）审议通过了《关于 2024 年半年度报告及其摘要的议案》 根据《中华人民共和国公司法》《深圳证券交易所股票上市规则》《深圳证券 交易所上 ...