Summary of Key Points from the Conference Call Company Overview - **Company**: 信维通信 (Xinwei Communication) - **Industry**: Telecommunications and Electronics Manufacturing Core Financial Performance - **Q1 2025 Revenue**: Decreased by 6.19% year-on-year, primarily due to overseas business integration and delayed orders [2][3] - **Net Profit Impact**: Affected by increased costs, yield fluctuations, and reduced government subsidies [2][3] - **Debt Ratio**: Slight decrease, maintaining a stable financial structure [2] - **Gross Margin**: Slight decline but remains robust [2] Global Expansion and Production Strategy - **Globalization Efforts**: Accelerated, with satellite business moving to Vietnam and domestic operations consolidated in Hangzhou, leading to short-term cost pressures but long-term efficiency gains [2][5] - **New Production Bases**: Established in Mexico to expand overseas business scale [2] Major Clients and Revenue Contribution - **Top Clients**: Apple remains the largest client, contributing over 50% of revenue; Huawei accounts for about 10% [2][6] - **Product Performance**: Stainless steel battery shells shipped over 25 million units for a single Apple model, with plans to promote to Huawei and Samsung [2][6] Research and Development - **R&D Investment**: Over 8% of revenue is allocated to R&D, focusing on foundational materials such as thermal management and wireless charging magnetic materials [2][4] - **New Product Development**: Actively expanding market share for stainless steel battery shells and other new products [2][4] Satellite Business Growth - **Client Base**: Major clients include SPAXS and Amazon, providing ground terminal connectors, antennas, and structural components [2][10] - **Revenue Projections**: Expected to exceed 100 million yuan from Amazon in 2025, with satellite business gross margins higher than the company's overall gross margin [2][10][27] Emerging Markets and Diversification - **New Market Expansion**: Actively exploring automotive, data centers, and energy storage sectors, including partnerships with Huawei and Lucid [4][12] - **Product Offerings**: Supplying waveguide antennas to Huawei and inverters to Lucid, with plans for further market penetration [4][12] Strategic Initiatives - **Share Buyback and Incentives**: Implemented a buyback plan worth approximately 270 million yuan, with plans to increase buyback efforts [4][19] - **Profit Targets**: Aiming for net profits of 780 million yuan in 2025 and 1.04 billion yuan in 2026, reflecting confidence in future growth [4][19] Future Outlook - **Growth Strategy**: Focus on global expansion, high R&D investment, and diversification to reduce dependency on single clients or sectors [7][17] - **Market Positioning**: Targeting emerging sectors and maintaining strong relationships with key clients like Apple and Huawei [22] Conclusion - **Overall Assessment**: The company is navigating short-term challenges while positioning itself for long-term growth through strategic investments, global expansion, and diversification into new markets and products [8][27]

证券代码：300136 证券简称：信维通信 公告编号：2025-022 深圳市信维通信股份有限公司 关于股份回购进展情况的公告 本公司及董事会全体成员保证公告内容的真实、准确、完整，没有虚假记载、误 导性陈述或重大遗漏。 深圳市信维通信股份有限公司（以下简称"公司"）于 2024 年 8 月 21 日召开第 五届董事会第十次会议，审议通过了《关于回购公司股份方案的议案》，同意公司使 用不低于人民币 20,000 万元（含）且不超过人民币 40,000 万元（含）的自有资金以 集中竞价交易方式回购公司股份，回购股份的价格不超过 25.00 元/股。具体内容详见 公司于 2024 年 8 月 22 日在巨潮资讯网（www.cninfo.com.cn）披露的《关于回购公司 股份方案的公告暨回购报告书》。2025 年 4 月 28 日，公司召开第五届董事会第十四 次会议，审议通过了《关于调整回购股份方案的议案》，同意公司将本次回购股份的 资金总额由"不低于人民币 20,000 万元（含）且不超过人民币 40,000 万元（含）"调 整至"不低于人民币 30,000 万元（含）且不超过人民币 60,000 万元（含）" ...

Core Insights - The company reported a revenue of 8.744 billion yuan for 2024, representing a year-on-year growth of 15.85% [2] - The net profit attributable to shareholders reached 662 million yuan, an increase of 26.89% compared to the previous year [2] - The net profit excluding non-recurring gains and losses was 538 million yuan, up by 22.31% year-on-year [2] R&D and Innovation - The company invested approximately 708 million yuan in R&D, accounting for 8.10% of its total revenue for 2024 [2] - As of the end of 2024, the company had applied for a total of 4,782 patents, with 814 new applications in 2024 [2] - The new patents included 267 for 5G antennas, 11 for LCP, 23 for UWB, 32 for WPC, 18 for BTB connectors, 41 for MLCC, and 271 for acoustic structures [2] Product Development - The company is actively developing products such as flexible reconfigurable antennas, satellite communication phased array antennas, and millimeter-wave radar gap waveguide antennas [3] - In the wireless charging sector, the company has developed technologies for NFC wireless charging and Qi2.0/Ki [3] - The company has achieved full-chain coverage from materials to modules for low-loss, high-precision antenna solutions, entering the North American customer supply chain [3] Market Position and Demand - The company is focusing on high-end passive components, with high-end MLCC products passing major customer tests and gradually entering mass production [3] - There is a noticeable demand growth for high-end MLCC products driven by emerging fields such as AI servers, leading to a strategic layout for high-end MLCC product series [3]

Core Viewpoint - The company reported significant growth in revenue and net profit for 2024, with a focus on expanding into emerging markets such as commercial satellite communication, smart automotive, and smart home sectors [1] Group 1: Financial Performance - In 2024, the company achieved a revenue of 8.744 billion yuan, a year-on-year increase of 15.85% [1] - The net profit attributable to shareholders reached 662 million yuan, reflecting a year-on-year growth of 26.89% [1] - For Q1 2025, the company anticipates gradual improvement in operations starting from Q2 despite short-term impacts from external uncertainties [1] Group 2: Business Expansion - The company is actively exploring new markets in commercial satellite communication, smart automotive, and smart home sectors, enhancing its second growth curve [1] - In the commercial satellite communication sector, the company has made significant breakthroughs and is expanding its business scale, becoming a key supplier in the satellite field [2] - The company has successfully supplied products to major North American clients and plans to engage with more large manufacturers in the future [2] Group 3: Strategic Focus Areas - The government has emphasized the development of smart connected vehicles, marking a shift in the automotive industry towards intelligent mobility [3] - The company has increased its focus on smart automotive business, securing qualifications from domestic and international manufacturers for various products [3] - In the smart home market, the global market size is projected to reach 155.8 billion USD in 2024, with a compound annual growth rate of 21.52% from 2017 to 2024 [4] - The company is leveraging its core products to establish a leading position in the smart home and IoT sectors, with significant advancements in various applications [4] Group 4: Future Outlook - The company plans to continue investing in consumer electronics, commercial satellite communication, and smart automotive sectors while exploring emerging fields such as 6G, 7G, data centers, artificial intelligence, and humanoid robots [4]

证券代码：300136 证券简称：信维通信 公告编号：2025-014 深圳市信维通信股份有限公司 截至 2025 年 3 月 31 日，公司通过股份回购专用证券账户以集中竞价交易方式累 计回购公司股份数量为 15,100,031 股，占公司总股本的 1.56%，最高成交价为 18.26 元/股，最低成交价为 17.16 元/股，成交总金额为 268,017,757.36 元（不含交易费用）。 具体内容详见公司于 2025 年 4 月 2 日在巨潮资讯网（www.cninfo.com.cn）披露的《关 于股份回购进展情况的公告》。 二、本次调整回购股份方案的原因及具体内容 基于对公司价值的判断和对未来长期发展的坚定信心，结合当前资本市场情况， 综合考虑公司财务状况、未来盈利能力以及资金使用效率等，为维护广大投资者利益、 1 保障回购股份方案的顺利实施，公司决定对回购股份方案进行调整，具体调整内容如 下： 关于调整回购股份方案的公告 本公司及董事会全体成员保证公告内容的真实、准确、完整，没有虚假记载、误 导性陈述或重大遗漏。 深圳市信维通信股份有限公司（以下简称"公司"）于 2025 年 4 月 28 日召开第 ...

深 圳市 信 维通 信 股份 有 限公 司 审 计报 告 天 职业 字 [2025]19952 号 目 录 审 计 报 告 1 2024 年度财务报表 6 2024 年度财务报表附注 18 审计报告 天职业字[2025]19952 号 1 审计报告（续） 天职业字[2025]19952 号 深圳市信维通信股份有限公司全体股东： 一、审计意见 我们审计了深圳市信维通信股份有限公司（以下简称"信维通信"）财务报表，包括 2024 年 12 月 31 日的合并及母公司资产负债表，2024 年度的合并及母公司利润表、合并及母公司现 金流量表、合并及母公司股东权益变动表，以及财务报表附注。 我们认为，后附的财务报表在所有重大方面按照企业会计准则的规定编制，公允反映了信 维通信 2024 年 12 月 31 日的合并及母公司财务状况以及 2024 年度的合并及母公司经营成果和 现金流量。 二、形成审计意见的基础 我们按照中国注册会计师审计准则的规定执行了审计工作。审计报告的"注册会计师对财 务报表审计的责任"部分进一步阐述了我们在这些准则下的责任。按照中国注册会计师职业道 德守则，我们独立于信维通信，并履行了职业道德方面 ...

内部控制审计报告 1 内部控制审计报告 深 圳市 信 维通 信 股份 有 限公 司 内 部控 制 审计 报 告 天 职业 字[2025]19952-2 号 目 录 按照《企业内部控制审计指引》及中国注册会计师执业准则的相关要求，我们审计了深 圳市信维通信股份有限公司（以下简称"信维通信"）2024 年 12 月 31 日的财务报告内部控 制的有效性。 一、企业对内部控制的责任 按照《企业内部控制基本规范》、《企业内部控制应用指引》、《企业内部控制评价指引》 的规定，建立健全和有效实施内部控制，并评价其有效性是信维通信董事会的责任。 二、注册会计师的责任 我们的责任是在实施审计工作的基础上，对财务报告内部控制的有效性发表审计意见， 并对注意到的非财务报告内部控制的重大缺陷进行披露。 三、内部控制的固有局限性 内部控制具有固有局限性，存在不能防止和发现错报的可能性。此外，由于情况的变化 可能导致内部控制变得不恰当，或对控制政策和程序遵循的程度降低，根据内部控制审计结 果推测未来内部控制的有效性具有一定风险。 四、财务报告内部控制审计意见 我们认为，信维通信于 2024 年 12 月 31 日按照《企业内部控制基本 ...

一、主要会计数据和财务指标 | 报告期指标 | 2024年年报 | 2023年年报 | 本年比上年增减(%) | 2022年年报 | | --- | --- | --- | --- | --- | | 基本每股收益（元） | 0.6865 | 0.5389 | 27.39 | 0.6706 | | 每股净资产（元） | 7.55 | 7.27 | 3.85 | 6.8 | | 每股公积金(元) | 0.31 | 0.31 | 0 | 0.34 | | 每股未分配利润(元) | 6.13 | 5.56 | 10.25 | 5.11 | | 每股经营现金流(元) | - | - | - | - | | 营业收入(亿元) | 87.44 | 75.48 | 15.85 | 85.9 | | 净利润(亿元) | 6.62 | 5.21 | 27.06 | 6.49 | | 净资产收益率(%) | 9.15 | 7.66 | 19.45 | 10.33 | 数据四舍五入，查看更多财务数据>> 二、前10名无限售条件股东持股情况 | 名称 | 持有数量(万股) | 占总股本比例(%) | 增减情况(万股) | | --- ...

现将2024年度（2024年5月16日至2024年12月31日）履行独立董事职责情况 汇报如下： 一、独立董事的基本情况 深圳市信维通信股份有限公司 独立董事2024年年度述职报告 （李莉） 作为深圳市信维通信股份有限公司（以下简称"公司"）第五届董事会的独 立董事，本人严格按照《公司法》《证券法》《上市公司独立董事管理办法》《深 圳证券交易所上市公司自律监管指引第2号——创业板上市公司规范运作》等法 律法规及《深圳市信维通信股份有限公司章程》《深圳市信维通信股份有限公司 独立董事工作细则》等有关规定和要求，勤勉尽责，积极出席相关会议，对各项 议案进行认真审议，充分发挥了独立董事作用，维护公司整体利益和全体股东尤 其是中小股东的合法权益。 本人李莉，中注协资深会员，财政部高端会计人才，粤港澳合作促进会会计 专业委员会委员、广东省注册会计师协会第六届理事会理事。曾任德勤华永会计 师事务所（特殊普通合伙）华南大陆地区鉴证咨询主管合伙人、毕马威华振会计 师事务所（特殊普通合伙）审计合伙人。2023年7月至今，担任中汇会计师事务 所（特殊普通合伙）深圳分所合伙人。2024年5月至今任公司独立董事。 经自查，本人在20 ...