本公司及董事会全体成员保证公告内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 一、董事会会议召开情况 证券代码：300115 证券简称：长盈精密 公告编号：2025-20 深圳市长盈精密技术股份有限公司 第六届董事会第二十三次会议决议公告 表决结果：7 票同意，0 票反对，0 票弃权。 1、会议通知的时间和方式：深圳市长盈精密技术股份有限公司（以下简称"公司"） 第六届董事会第二十三次会议（以下简称"本次会议"）通知和会议议案于 2025 年 4 月 24 日以书面方式向全体董事发出。 2、会议召开的时间、地点和方式：本次会议于 2025 年 4 月 28 日上午 10:00 以通 讯方式召开。 3、会议出席情况：本次会议应出席董事7名，实际出席董事7名，其中独立董事3名。 4、会议主持人为董事长陈奇星先生；公司董事会秘书列席了本次会议。 5、本次会议的合法、合规性：本次会议的召集、召开程序和议事内容均符合《中 华人民共和国公司法》(以下简称"《公司法》")和《深圳市长盈精密技术股份有限公司 章程》(以下简称"《公司章程》")的规定。 二、董事会会议审议情况 1、审议通过了关于公司《2025 年 ...

长盈精密（300115）公告，2025年第一季度营收为43.95亿元，同比增长11.55%；净利润为1.75亿元， 同比下降43.44%。 ...

Core Insights - As of April 21, 2024, 2,246 companies have released their annual reports, with 1,197 reporting a year-on-year increase in net profit, while 1,049 reported a decline [1] - A total of 1,341 companies saw an increase in operating revenue, whereas 904 experienced a decrease [1] - Companies that reported simultaneous growth in both net profit and operating revenue include 940 firms, while 648 companies saw declines in both metrics [1] - Notably, 234 companies achieved a net profit growth rate exceeding 100%, with Zhengdan Co., Ltd. leading at an impressive 11,949.39% increase [1] Company Performance Summary - Zhengdan Co., Ltd. (300641) reported earnings per share of 2.35 yuan, with a net profit of 1,189.89 million yuan, reflecting a year-on-year increase of 11,949.39%, and operating revenue of 348.02 million yuan, up 126.31% [1] - Guangxi Energy (600310) reported earnings per share of 0.043 yuan, with a net profit of 62.99 million yuan, a significant increase of 3,704.04%, but a decline in operating revenue by 76.48% to 393.16 million yuan [1] - Siwei (688213) achieved earnings per share of 0.98 yuan, with a net profit of 39.27 million yuan, marking a 2,662.76% increase, and operating revenue of 596.81 million yuan, up 108.87% [1] - Other notable performers include Andis (600299) with a net profit of 120.43 million yuan (up 2,208.66%) and operating revenue of 1,553.43 million yuan (up 17.83%) [1] - Companies like Huabei Pharmaceutical (600812) and Jiangsu Suo (600746) also reported significant changes in their financial metrics, with varying trends in net profit and operating revenue [1][2]

Core Viewpoint - Longying Precision achieved record high operating performance in 2024, with significant growth in revenue and net profit driven by its core businesses in precision components for consumer electronics and new energy products [1][2]. Financial Performance - In 2024, Longying Precision reported revenue of 16.934 billion yuan, a year-on-year increase of 23.4% [2] - The net profit reached 772 million yuan, marking a staggering year-on-year growth of 800.24% [2] - The net profit excluding non-recurring gains and losses was 531 million yuan, reflecting a remarkable increase of 2750.7% [2] - The company experienced a recovery from a loss in 2021, with net profits of 42.38 million yuan in 2022 and 85.70 million yuan in 2023 [2]. Business Segments - The growth was attributed to the dual drivers of precision components for consumer electronics and new energy products, alongside new ventures in robotics and intelligent equipment [1][3]. - Revenue from the consumer electronics segment was 11.691 billion yuan, up 15.39% year-on-year, supported by a 6.4% increase in global smartphone shipments and growth in PC product sales [2][3]. - The new energy business saw revenue increase by 47.29% to 5.214 billion yuan, aided by the ramp-up of production capacity in various locations [3]. R&D and Innovation - Longying Precision maintains a high R&D expenditure rate, consistently between 7% and 10% of revenue, with R&D expenses exceeding 1.2 billion yuan annually from 2022 to 2024 [1][7]. - In 2024, the company added 272 new patents, including 132 invention patents, and had a total of 2002 effective patents by year-end [7]. Financial Structure and Cost Management - The company successfully reduced financial expenses by 64.5% to 73.71 million yuan in 2024, with the fourth quarter showing a negative financial expense of -51.09 million yuan [7][8]. - The asset-liability ratio decreased to 58.72%, the first time below 60% in four years, down from 66.99% in the previous year [8]. Dividend Distribution - Longying Precision announced a cash dividend distribution for the first time in three years, proposing a payout of 1.3 yuan per 10 shares, totaling 176 million yuan, which is 22.85% of the net profit for 2024 [4][5].

Core Insights - Longying Precision delivered impressive annual results for 2024, achieving total revenue of 16.934 billion yuan, a year-on-year increase of 23.40%, and a net profit attributable to shareholders of 772 million yuan, a significant increase of 800.24% [1][2] - The company's growth outpaced the average growth rate of the consumer electronics industry and significantly exceeded that of peers in the new energy vehicle components sector [1][2] Financial Performance - The company's operating cash flow net amount reached 2.259 billion yuan, a modest increase of 1.36% year-on-year, while the gross profit margin slightly decreased by 1.24 percentage points to 18.53% [2][8] - The net profit margin improved significantly from 1.1% to 4.96% [2] Business Segments - Longying Precision's revenue structure consists of three main segments: new energy components and connectors (5.214 billion yuan, 30.79% share, 15.71% gross margin), consumer electronics (7.516 billion yuan, 44.38% share, 19.88% gross margin), and electronic connectors (3.545 billion yuan, 20.93% share, 19.63% gross margin) [5] - The new energy segment was the fastest-growing, with revenue increasing by 47.29% year-on-year, driven by the release of production capacity for power battery structural components [6] Market Trends - The global consumer electronics market showed signs of structural recovery in 2024, with smartphone shipments increasing by 6.4% to 1.24 billion units and AI personal computer shipments soaring by 165.5% [4] - Longying Precision's consumer electronics business generated 11.691 billion yuan in revenue, a year-on-year increase of 15.39%, largely attributed to significant contributions from international clients, particularly Apple [4][5] Strategic Developments - Longying Precision has deepened its involvement in the production of M3 chip MacBook Air, which saw over 60% year-on-year sales growth [5] - The company is also expanding into the humanoid robot sector, having established a subsidiary focused on precision components for smart robots and forming partnerships with leading companies in the field [7] Challenges - Despite strong performance, Longying Precision faces challenges such as a decline in gross margin and high accounts receivable, which stood at 3.137 billion yuan, representing 406.6% of net profit [8][9]

Group 1 - The fruit index concept rose by 1.62%, ranking 9th among concept sectors, with 18 stocks increasing in value, led by Xinyi Technology, Lante Optics, and Lens Technology, which rose by 6.73%, 4.82%, and 4.41% respectively [1][2] - The fruit index concept saw a net inflow of 773 million yuan from main funds, with 14 stocks receiving net inflows, and 6 stocks exceeding 50 million yuan in net inflow, with Lens Technology leading at 247 million yuan [2][3] - The top net inflow ratios were recorded for Lens Technology, Xinyi Technology, and Lingyi Technology, with net inflow rates of 15.12%, 12.74%, and 9.75% respectively [3][4] Group 2 - The fruit index concept's performance was contrasted with other sectors, such as the 6G concept which rose by 3.18%, while the South Korea-China Free Trade Zone fell by 3.88% [2] - The trading volume and turnover rates for leading stocks in the fruit index concept were highlighted, with Lens Technology showing a turnover rate of 1.68% and a trading volume of 246.58 million yuan [3][4] - The overall market sentiment reflected a mixed performance across various sectors, with some experiencing significant declines, such as the dairy sector which fell by 3.69% [2]

Core Viewpoint - Longying Precision achieved significant growth in 2024, with total revenue reaching 16.934 billion yuan, a year-on-year increase of 23.40%, and net profit attributable to shareholders soaring by 800.24% to 772 million yuan, despite a low dividend payout ratio of 22.85% raising market concerns [1][9] Group 1: Consumer Electronics Business - The global consumer electronics market showed signs of recovery in 2024, with smartphone shipments increasing by 6.4% to approximately 1.24 billion units [4] - Longying Precision's revenue from the consumer electronics segment reached 11.691 billion yuan, up 15.39% year-on-year, driven significantly by international clients [4] - There remains room for improvement in market share within the consumer electronics sector, necessitating product structure optimization and enhanced technological content to address future market fluctuations [4] Group 2: New Energy Business - Revenue from the new energy segment reached 5.214 billion yuan, marking a year-on-year growth of 47.29% [5] - The gradual release of production capacity from battery component manufacturing bases in various regions supports the rapid growth of the new energy business [5] - Participation in industry events, such as the second Beijing Chain Expo, has enhanced the company's market visibility and laid a solid foundation for future business expansion [5] Group 3: Robotics and Intelligent Equipment - The rapid development of generative AI and large language models has propelled humanoid robots into commercial applications [6] - Longying Precision accelerated the construction of humanoid robot production capacity and increased R&D investment, securing projects with several domestic and international clients [6] - Although still in its infancy, the robotics and intelligent equipment sector holds significant market potential, with ongoing technological advancements expected to drive future growth [6] Group 4: Global Production Base Development - The construction of global production bases progressed rapidly in 2024, with multiple domestic and overseas projects advancing as planned [7] - Cost management initiatives across various factories have significantly improved the company's cost management capabilities, ensuring sustainable profitability [7] - Despite successful progress, challenges remain in overseas market operations due to policy risks and competitive pressures [7] Group 5: Team Building and Employee Satisfaction - Longying Precision has enhanced its management capabilities through a stable team built via external recruitment and internal development [8] - The implementation of a new salary structure has improved employee motivation and satisfaction [8] - Continued investment in talent acquisition and development is necessary to meet future business expansion and market competition demands [8] Group 6: Dividend Policy - The company plans to distribute a cash dividend of 1.3 yuan per 10 shares, totaling 176 million yuan, which represents only 22.85% of the net profit for 2024 [9] - The low dividend payout ratio, despite significant profit growth, has raised concerns among investors regarding future returns [9] - There is an expectation for the company to increase its dividend payout ratio to enhance investor confidence [9]

Group 1 - Longying Precision (300115.SZ) released its 2024 annual report on April 18, 2025, with 156 institutional investors holding a total of 534 million shares, accounting for 39.38% of the total share capital [1] - The top ten institutional investors collectively hold 37.79% of the shares, with a decrease of 2.45 percentage points compared to the previous quarter [1] Group 2 - In the public fund sector, one fund, Huazhong Qianyu Bond Initiation A, increased its holdings, while five funds, including Jin Ying Technology Innovation Stock A and Southern CSI 1000 ETF, reduced their holdings by 0.69% [2] - A total of 140 new public funds were disclosed this period, including Guangfa CSI 1000 ETF and Huaxia Growth ETF [2] - One foreign fund, Hong Kong Central Clearing Limited, reduced its holdings by 0.84% compared to the previous quarter [2]

Core Insights - The company reported a revenue of 16.934 billion yuan for 2024, representing a year-on-year increase of 23.40%, and a net profit attributable to shareholders of 772 million yuan, up 800.24% year-on-year [1] - The performance aligns with market expectations, driven by a focus on precision components for consumer electronics and new energy products, alongside the development of robotics and intelligent equipment [2] Revenue Breakdown - The consumer electronics segment generated revenue of 11.691 billion yuan, a year-on-year increase of 15.39% - The new energy segment achieved revenue of 5.214 billion yuan, up 47.29% year-on-year, benefiting from the gradual release of production capacity in various locations [2] - The robotics and intelligent equipment segment reported revenue of 29 million yuan, with ongoing efforts to enhance humanoid robot production capacity [2] Profitability and Cost Management - The company's gross margin for 2024 was 18.53%, a decrease of 1.34 percentage points year-on-year, with Q4 gross margin at 18.10% [3] - The company improved its cost control, achieving a total expense ratio of 13.53%, down 3.85 percentage points year-on-year [3] - The strategic focus includes strengthening the consumer electronics business, expanding new energy operations, and fostering artificial intelligence innovations [3] Global Expansion Strategy - The company is advancing its global production base construction, with plans for timely operation of facilities in Hungary and Mexico [4] - Efforts are being made to optimize production capacity in Vietnam and enhance overall operational efficiency [4] - A standardized management system will be established across global production bases to ensure efficient collaboration [4] Future Earnings Projections - Revenue forecasts for 2025 and 2026 are adjusted to 18.877 billion yuan and 21.838 billion yuan, respectively, with a new projection for 2027 at 24.383 billion yuan [5] - Expected net profits for 2025 and 2026 are 865 million yuan and 1.007 billion yuan, with a new projection for 2027 at 1.168 billion yuan [5] - The estimated EPS for 2025, 2026, and 2027 are 0.64 yuan, 0.74 yuan, and 0.86 yuan, respectively [5]

| | | | | | | 二、财务报表…………………………………………………………第 7—14 | 页 | | --- | --- | | （一）合并资产负债表………………………………………………第 | 7 页 | | （二）母公司资产负债表……………………………………………第 | 8 页 | | （三）合并利润表……………………………………………………第 | 9 页 | | （四）母公司利润表……………………………………………… 第 | 10 页 | | （五）合并现金流量表…………………………………………… 第 | 11 页 | | （六）母公司现金流量表………………………………………… 第 | 12 页 | | （七）合并所有者权益变动表…………………………………… 第 | 13 页 | | （八）母公司所有者权益变动表………………………………… 第 | 14 页 | | 三、财务报表附注…………………………………………………第 15—116 | 页 | | 四、附件 …………………………………………………………第 117—120 | 页 | | （一）本所执业证书复印件 …………………………………… ...