证券代码：300207 证券简称：欣旺达 欣旺达电子股份有限公司投资者关系活动记录表 编号：2024-010 | --- | --- | --- | |----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------| | | | | | 投资者关系活动 | □特定对象调研 □分析师会议 | | | ...

Investment Rating - The report maintains a "Buy" rating for the company, with a market price of 16.75 CNY [1][6]. Core Insights - The company's H1 2024 performance aligns with the forecasted median, showing an increase in profitability within the consumer electronics sector [2]. - The revenue for H1 2024 reached 23.92 billion CNY, a year-on-year increase of 7.6%, while the net profit attributable to shareholders was 820 million CNY, up 87.9% year-on-year [2]. - The report highlights a significant recovery in the consumer electronics segment, with Q2 2024 revenue growing by 10.1% year-on-year and 17.9% quarter-on-quarter, driven by a resurgence in global smartphone and PC sales [2]. - The company has improved its profitability, with a gross margin of 16.6% in Q2 2024, reflecting a year-on-year increase of 1.5 percentage points [2]. - The self-supply ratio of 3C battery cells continues to rise, enhancing product value and profitability, with the gross margin for consumer batteries reaching 18.1% in H1 2024, up 4.1 percentage points year-on-year [2]. - The investment recommendation has been adjusted upwards, with projected net profits for 2024-2026 revised to 1.68 billion, 2.07 billion, and 2.44 billion CNY, respectively [2]. Financial Summary - The company's total revenue for 2023 is projected at 47.86 billion CNY, with a growth rate of -8% year-on-year, while the forecast for 2024 is 54.92 billion CNY, representing a 15% growth [1]. - The net profit for 2023 is estimated at 1.08 billion CNY, with a slight increase of 1% year-on-year, while the forecast for 2024 is 1.68 billion CNY, indicating a significant growth of 56% [1]. - The earnings per share (EPS) for 2024 is projected at 0.58 CNY, increasing to 1.31 CNY by 2026 [1].

证券代码：300207 证券简称：欣旺达 公告编号：<欣>2024-109 欣旺达电子股份有限公司 关于控股股东部分股份解除质押的公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有 虚假记载、误导性陈述或重大遗漏。 欣旺达电子股份有限公司（以下简称"公司"）于 2024 年 9 月 4 日接到公 司控股股东王明旺先生和王威先生的函告，获悉其将所持有本公司的部分股份办 理了解除质押业务，具体事项如下： 2、控股股东股份累计被质押的情况 1 股东名 称 持股数量 持股比 例 本次质押以 及解除质押 前质押股份 数量 本次质押以 及解除质押 后质押股份 数量 占其所 持股份 比例 占公司 总股本 比例 已质押股份 情况 未质押股份 情况 已质押股份 限售和冻结 数量 占已质 押股份 比例 未质押股份 限售和冻结 数量 占未质 押股份 比例 王明旺 361,779,557 19.43% 149,674,000 143,494,000 39.66% 7.71% 0 0% 0 0% 截至2024年9月4日，上述股东及其一致行动人所持质押股份情况如下： | 王威 | 132,446,600 | 7.11% ...

Investment Rating - The investment rating for the company is "Buy-A" with a target price of 16.34 CNY as of September 2, 2024 [1]. Core Insights - The company reported a total revenue of 23.918 billion CNY for the first half of 2024, representing a year-on-year increase of 7.57%. The net profit attributable to shareholders was 0.824 billion CNY, up 87.89% year-on-year, while the net profit excluding non-recurring items was 0.810 billion CNY, reflecting a significant increase of 119.27% [1]. - The company's consumer battery segment has shown improved profitability, with revenue from consumer batteries reaching 13.201 billion CNY, a slight decline of 1.19% year-on-year, but with a gross margin of 18.07%, which is an increase of 4.14 percentage points [1]. - The company has expanded its production capacity in Vietnam for consumer batteries and has initiated construction on consumer battery cell projects [1]. - The company's power battery segment has also seen significant growth, with revenue of 6.201 billion CNY, a year-on-year increase of 19.58%, and a shipment volume of 8.33 GWh, which is a 66.93% increase year-on-year [1]. Financial Performance - For the second quarter of 2024, the company achieved a total revenue of 12.943 billion CNY, which is a year-on-year increase of 10.08% and a quarter-on-quarter increase of 17.94%. The net profit attributable to shareholders was 0.505 billion CNY, down 16.25% year-on-year but up 58.53% quarter-on-quarter [1]. - The gross margin for the first half of 2024 was reported at 16.59%, an increase of 2.12 percentage points year-on-year, while the net profit margin was 1.71%, an increase of 0.97 percentage points year-on-year [1][3]. - The company forecasts net profits of 1.64 billion CNY, 2.01 billion CNY, and 2.41 billion CNY for the years 2024, 2025, and 2026, respectively, with corresponding P/E ratios of 18.6, 15.1, and 12.6 [3][4]. Market Position and Strategy - The company is positioned as a leading player in the consumer battery pack market, with an increase in profitability and a higher self-supply rate for consumer battery cells. The growth in power battery shipments and rapid advancement in energy storage systems are expected to enhance the company's market position [1][3]. - The company is actively investing in R&D, focusing on advanced battery technologies, including solid-state batteries and lithium metal batteries, with the first generation of semi-solid batteries already in development [1][3].

Investment Rating - The investment rating for the company is "Buy" [2][5][6] Core Views - The company's revenue for H1 2024 reached 23.918 billion yuan, a year-on-year increase of 7.57%, while the net profit attributable to shareholders was 0.824 billion yuan, up 87.89% year-on-year [2][3] - The company's gross profit margin improved to 16.59% [2] - The significant increase in the company's power battery shipment volume, which reached 8.33 GWh, represents a year-on-year growth of 66.93% [3] - The company has made notable advancements in new product development, including the launch of the "Flash Charge" battery series and the development of next-generation batteries [3][5] Financial Performance Summary - For H1 2024, the company achieved a revenue of 239.18 billion yuan and a net profit of 8.24 billion yuan, with a gross profit margin of 16.59% [2][3] - The company’s total share capital is 1.862 billion shares, with a total market value of 30.4 billion yuan [2] - The forecast for net profit attributable to shareholders for 2024-2026 is 1.781 billion, 2.194 billion, and 2.349 billion yuan respectively, with corresponding EPS of 0.96, 1.18, and 1.26 yuan [5][6]

证券代码：300207 证券简称：欣旺达 公告编号：<欣>2024-108 欣旺达电子股份有限公司 截至 2024 年 8 月 31 日，公司通过回购专用证券账户以集中竞价交易的方式 回购股份的数量为 11,671,660 股，占公司目前总股本 1,862,217,256 股的 0.63%， 本次回购的股份将予以注销并相应减少公司注册资本。最高成交价为 18.27 元/ 股，最低成交价为 13.73 元/股，成交总金额为 179,935,032.20 元（不含交易费 用）。本次回购符合公司股份回购方案及相关法律法规的规定。 关于再次回购公司股份的进展公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有 虚假记载、误导性陈述或重大遗漏。 一、再次回购公司股份的基本情况 欣旺达电子股份有限公司（以下简称"公司"）于 2024 年 2 月 7 日召开第 六届董事会第四次会议和第六届监事会第四次会议，于 2024 年 2 月 29 日召开 2024 年第二次临时股东大会，审议通过了《关于再次回购公司股份方案的议案》， 同意公司使用自有资金以集中竞价交易方式回购公司已发行的部分人民币普通 股（A 股）股 ...

Investment Rating - The investment rating for the company is "Buy" (maintained) [7]. Core Views - The company's performance in H1 2024 exceeded expectations, with notable growth in its consumer business [6][10]. - The consumer battery business showed significant revenue growth, driven by increased self-supply rates and improved profitability [11]. - The power battery business also saw a substantial increase in shipment volume and market share, with a focus on collaborations with major domestic and international automotive manufacturers [12]. - The company is implementing a "focus + differentiation" strategy, targeting various segments of the battery market [13]. - Revenue and profit forecasts for 2024-2026 indicate strong growth, with expected revenues of 577.37 billion, 665.31 billion, and 759.54 billion respectively, and net profits of 16.75 billion, 20.40 billion, and 24.70 billion [14]. Financial Performance - In H1 2024, the company achieved revenue of 239.18 billion, a year-on-year increase of 7.57%, and a net profit of 8.24 billion, up 87.89% year-on-year [10]. - The second quarter revenue was 129.43 billion, reflecting a year-on-year increase of 10.08% and a quarter-on-quarter increase of 17.93% [10]. - The gross margin for the consumer business reached 18.07%, an increase of 4.14 percentage points year-on-year [11]. - The power battery shipment volume reached 8.33 GWh, a year-on-year increase of 66.93%, with revenue of 62.01 billion, up 19.58% year-on-year [12]. Financial Projections - Revenue projections for 2024, 2025, and 2026 are 577.37 billion, 665.31 billion, and 759.54 billion respectively, with year-on-year growth rates of 20.63%, 15.23%, and 14.16% [14]. - Net profit projections for the same period are 16.75 billion, 20.40 billion, and 24.70 billion, with growth rates of 55.60%, 21.82%, and 21.10% respectively [14]. - The expected earnings per share (EPS) for 2024, 2025, and 2026 are 0.90, 1.10, and 1.33 yuan per share [14].

Investment Rating - The report maintains a "Recommended" rating for the company, with a current price of 16.79 yuan [2]. Core Views - The company's performance in the first half of 2024 met expectations, with revenue of 23.918 billion yuan, a year-on-year increase of 7.57%, and a net profit attributable to shareholders of 824 million yuan, up 87.89% [1]. - The company has shown significant improvement in profitability from consumer batteries, with a revenue of 13.201 billion yuan in H1 2024, a slight decrease of 1.19% year-on-year, but with a gross margin increase of 4.14 percentage points to 18.07% [1]. - The company is expanding its production capacity, with the consumer battery project in Vietnam already in mass production and new projects underway [1]. Financial Performance Summary - For Q2 2024, the company reported revenue of 12.943 billion yuan, a year-on-year increase of 10.08%, and a net profit of 505 million yuan, a decrease of 16.25% year-on-year but an increase of 58.53% quarter-on-quarter [1]. - The gross margin for Q2 2024 was 16.64%, up 1.48 percentage points year-on-year and 0.13 percentage points quarter-on-quarter [1]. - The company expects to achieve revenues of 52.742 billion yuan, 60.636 billion yuan, and 67.959 billion yuan for 2024, 2025, and 2026 respectively, with year-on-year growth rates of 10.2%, 15.0%, and 12.1% [2][6]. Product and Market Development - The company has maintained a high growth rate in power battery shipments, with a total shipment of 8.33 GWh in H1 2024, a year-on-year increase of 66.93% [1]. - The company is actively investing in R&D for advanced battery technologies, including solid-state batteries and lithium-metal batteries, to enhance product performance [1]. - The company has successfully developed "supercharging" technology and high-power cell technology, improving charging efficiency and performance [1].

证券代码：300207 证券简称：欣旺达 公告编号：<欣>2024-103 欣旺达电子股份有限公司 关于全资子公司签署股权转让协议之解除协议的公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有 虚假记载、误导性陈述或重大遗漏。 1 公司于2023年4月25日分别召开第五届董事会第四十九次会议、第五届监事 会第四十九次会议，审议通过了《关于转让控股子公司欣旺达汽车电池部分股权 的议案》，详见公司2023年4月27日在巨潮资讯网披露的《关于转让控股子公司欣 旺达汽车电池部分股权的公告》（公告编号：<欣>2023-060）。惠州新能源与申万 宏源、桐曦辰景分别签署了《欣旺达电动汽车电池有限公司股权转让协议》，约 定向申万宏源以13,500.00万元的价格转让其持有欣旺达动力0.42%的股权，对应 注册资本3,564.2385万元；向桐曦辰景以5,000.00万元的价格转让其持有欣旺达 动力0.16%的股权，对应注册资本1,320.0883万元。 本次签署解除股权转让协议是基于交易对手方申万宏源、桐曦辰景未能按时 支付全部股权转让价款，公司拟按照原股权转让协议之约定行使解除权以解除原 股权转让协议， ...

欣旺达电子股份有限公司 关于增加公司外汇套期保值业务额度的可行性分析报告 欣旺达电子股份有限公司（以下简称"公司"）根据《深圳证券交易所上市 公司自律监管指引第7号——交易与关联交易》、《深圳证券交易所创业板股票上 市规则》、《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》、《欣旺达电子股份有限公司章程》和《欣旺达电子股份有限公司套期保 值内部控制制度》（以下简称"《套期保值内部控制制度》"）的规定开展套期保值 业务。 公司为规避外汇市场的风险，降低汇率波动带来的影响，公司及其子公司拟 增加公司及其子公司的外汇套期保值额度不超过人民币160亿元（含）或等值其 它外币金额开展外汇套期保值业务。本次增加额度后，公司及其子公司将使用总 额不超过人民币300亿元（含）或等值其它外币金额开展外汇套期保值业务，预 计任一交易日持有的最高合约价值不超过等值额度人民币280亿元（含）或等值 其它外币金额，外汇套期保值品种包括但不限于远期结售汇、外汇掉期、外汇期 权、利率掉期、外汇期货、货币互换等产品及上述产品的组合。公司对本次开展 套期保值业务的可行性分析如下： 一、开展套期保值业务的基本情况 （一） ...