证券代码：300327 证券简称：中颖电子 公告编号：2025-021 中颖电子股份有限公司 关于续聘 2025 年度会计师事务所的公告 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。 中颖电子股份有限公司（以下简称"公司"）于 2025 年 4 月 22 日召开第五 届董事会第十七次会议和第五届监事会第十三次会议，审议通过了《关于续聘 2025 年度会计师事务所的议案》，同意续聘众华会计师事务所(特殊普通合 伙)(以下简称"众华所")为公司 2025 年度审计机构，聘期一年，并授权管理层 根据公司 2025 年度的具体审计要求和审计范围，与众华会计师事务所（特殊普 通合伙）协商确定相关的审计费用，本事项尚需提交公司 2024 年年度股东大会 审议。现将有关事项公告如下： 一、 拟聘任会计师事务所的基本信息 （一）机构信息 1、基本信息 会计师事务所名称：众华会计师事务所（特殊普通合伙） 成立日期：2013 年 12 月 2 日 组织形式：特殊普通合伙 注册地址：上海市嘉定区叶城路 1630 号 5 幢 1088 室 2、人员信息 首席合伙人：陆士敏 上年度末 ...

证券代码：300327 证券简称：中颖电子 公告编号：2025-022 中颖电子股份有限公司 关于召开 2024 年年度股东大会的通知 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。 根据《中华人民共和国公司法》和《中颖电子股份有限公司章程》（以下简 称"《公司章程》"）的规定，中颖电子股份有限公司（以下简称"公司"）第 五届董事会第十六次会议决定召开公司 2024 年年度股东大会。现将本次会议的 有关事项通知如下： 一、召开会议的基本情况 1、股东大会届次：2024 年年度股东大会； 2、股东大会的召集人：公司董事会； 3、会议召开的合法、合规性：公司第五届董事会第十六次会议审议通过了 《提议召开2024年年度股东大会的议案》，本次股东大会会议的召开、召集程序 符合有关法律、行政法规、部门规章、规范性文件和公司章程等的规定； 4、会议召开的日期、时间： （1）现场会议时间：2025年5月19日（星期一）下午14:30 （2）网络投票时间：2025年5月19日，其中： ① 通过深圳证券交易所交易系统进行网络投票的时间为： 2025年5月19日上午9:15-9: ...

证券代码：300327 证券简称：中颖电子 公告编号：2025-020 经审议，监事会同意续聘众华会计师事务所（特殊普通合伙）为公司 2025 年审计机构，聘期为一年。 本公司及监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。 2025 年 4 月 22 日，中颖电子股份有限公司（以下简称"公司"）第五届监 事会第十三次会议（以下简称"本次会议"）在公司会议室以现场及通讯相结合 的方式召开，2025 年 4 月 8 日，会议通知以电子邮件、电话等方式传达各位监 事。本次会议应出席监事 3 人，实际出席监事 3 人。本次会议的召集召开程序符 合《公司法》和《公司章程》的有关规定。会议由监事会主席荣莉女士主持，与 会监事以记名投票方式审议通过了以下议案： 一、 审议通过了《2025 年第一季度报告》 我们作为公司的监事，认真审核了公司提供的《2025 年第一季度报告》，发 表书面审核意见如下： 董事会编制和审核公司 2025 年第一季度报告的程序符合法律、行政法规和 中国证监会的规定，报告内容真实、准确、完整地反映了公司 2025 年第一季度 的实际情况，不存在任何虚假记载 ...

证券代码：300327 证券简称：中颖电子 公告编号：2025-019 董事会同意续聘众华会计师事务所（特殊普通合伙）为公司 2025 年度的审 计机构，聘期一年。并授权管理层根据公司 2025 年度的具体审计要求和审计范 围，与众华会计师事务所（特殊普通合伙）协商确定相关的审计费用。 中颖电子股份有限公司 第五届董事会第十七次会议决议公告 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。 2025 年 4 月 22 日，中颖电子股份有限公司（以下简称"公司"）第五届董 事会第十七次会议（以下简称"本次会议"）在公司会议室以现场及通讯相结合 的方式召开，2025 年 4 月 8 日，会议通知以电子邮件、电话等方式传达各位董 事。本次会议应出席董事 9 人，实际出席董事 9 人。本次会议的召集召开程序符 合《公司法》和《公司章程》的有关规定。会议由董事长傅启明先生主持，与会 董事以记名投票方式审议通过了以下议案： 一、 审议通过了《2025 年第一季度报告》 与会董事审议认为，公司《2025 年第一季度报告》的编制程序及内容格式 符合中国证监会、深圳证券交易所以 ...

Financial Performance - The company's revenue for Q1 2025 was ¥318,978,031.59, a slight increase of 0.05% compared to ¥318,823,193.67 in the same period last year[5]. - Net profit attributable to shareholders decreased by 50.08% to ¥15,558,590.57 from ¥31,165,741.60 year-on-year[5]. - Basic earnings per share dropped by 49.67% to ¥0.0455 from ¥0.0904 in the same period last year[5]. - Operating profit decreased significantly to 9,538,979.12 from 31,910,978.55, a decline of approximately 70%[25]. - Net profit for the current period is 9,244,890.32, down from 31,922,653.29, representing a decrease of around 71%[25]. - The total comprehensive income attributable to the parent company was 15,554,489.40, down 50.06% from 31,049,766.78 in the previous period[26]. Cash Flow and Liquidity - The net cash flow from operating activities increased by 29.61% to ¥37,538,844.84, up from ¥28,962,802.98 in the previous year[5]. - Cash and cash equivalents increased to 387,626,270.39 from 330,273,444.10, showing a growth of about 17.3%[23]. - Cash and cash equivalents at the end of the period increased to 207,433,000.40, up 35% from 153,788,696.36 in the previous period[29]. - The company recorded a net cash outflow from investing activities of -452,905.90, an improvement compared to -23,384,243.89 in the previous period[28]. - The total cash inflow from operating activities was 382,719,646.87, down 8.41% from 417,883,231.24 in the previous period[28]. - The company received cash from borrowings amounting to 20,000,000.00, marking a significant increase from 0.00 in the previous period[29]. Assets and Liabilities - Total assets at the end of the reporting period were ¥2,259,162,906.62, a decrease of 1.02% from ¥2,282,407,356.85 at the end of the previous year[5]. - Total liabilities decreased to 450,381,567.69 from 480,558,490.88, reflecting a decline of approximately 6.3%[24]. - The company's retained earnings increased to 853,119,284.63 from 837,560,694.06, a growth of about 1.7%[24]. Expenses and Costs - Total operating costs increased to 313,892,861.67 from 301,570,379.63, reflecting a rise of about 4.4%[25]. - Research and development expenses totaled 77.76 million yuan, accounting for 24.4% of total revenue[20]. - Research and development expenses rose to 77,764,625.35 from 75,084,284.85, an increase of approximately 3.6%[25]. - The company recorded a 91.57% increase in taxes and surcharges, totaling ¥3,591,786.77, primarily due to increased property tax for the Hefei second headquarters[11]. - The company reported a decrease in tax expenses to 3,368,202.87 from 7,842,632.03 in the previous period[26]. Market and Operational Insights - Changes in U.S. tariff policies have impacted global supply chain dynamics, leading to a cautious sentiment in global trade[20]. - Customers previously purchasing U.S. chips are now seeking more collaboration with the company, particularly in lithium battery management chips and certain white goods MCU chips[20]. - The company anticipates a continued significant decline in inventory throughout the year[20]. - The net inventory amount was 591 million yuan, reflecting a decrease of 23.35 million yuan compared to the previous period[20].

中颖电子（300327）公告，2025年第一季度营收为3.19亿元，同比增长0.05%；净利润为1555.86万元， 同比下降50.08%。 ...

Investment Rating - The investment rating for the company is "Buy" [1][5] Core Views - The report indicates that the company's inventory has shown a declining trend, which is expected to lead to a recovery in gross margin. The company is actively exploring opportunities in emerging fields such as automotive, robotics, and AI with its MCU and BMS products [3][8] - The company's revenue for 2024 is projected to be RMB 1.343 billion, reflecting a year-on-year growth of 3.3%. However, the gross margin is expected to decrease slightly to 33.6% [8] - The report maintains the "Buy" rating despite a downward adjustment in the EPS forecast for 2025 and 2026 to RMB 0.51 and RMB 0.72 respectively, with an estimated EPS of RMB 0.93 for 2027 [5][8] Summary by Sections Stock Performance - The company's stock price as of April 8, 2025, is RMB 20.07, with a total market capitalization of approximately RMB 6.85 billion [1] Financial Projections - The company’s projected revenues and net profits for the upcoming years are as follows: - 2025E Revenue: RMB 1.515 billion, Net Profit: RMB 174 million - 2026E Revenue: RMB 1.671 billion, Net Profit: RMB 247 million - 2027E Revenue: RMB 1.827 billion, Net Profit: RMB 319 million [7][8] Business Strategy - The company is focusing on upgrading smart appliance chips and expanding its market share in the variable frequency motor control chips for major appliances. It aims to enter the automotive sector with its MCU and BMS products [8] - The company is also advancing its AMOLED driver chips for smartphones and wearable devices, with plans for mass production expected in the second half of 2025 [8]

Investment Rating - The report maintains a "Buy" rating for the company [5] Core Insights - The company achieved a revenue of 1.343 billion yuan in 2024, representing a year-on-year growth of 3.32%, while the net profit attributable to shareholders decreased by 28.01% to 134 million yuan [1] - The company continues to focus on R&D, with R&D expenses amounting to 300 million yuan, accounting for 22.35% of revenue [1] - The company is a leading supplier of industrial-grade MCUs in China, benefiting from high cost-performance and reliability, particularly in the white goods market [2] - The company is actively expanding into the robotics sector, focusing on joint control MCUs and lithium battery management chips [3] - The company has introduced several new products, including 32-bit Cortex M0+ chips and upgraded induction cooker products, with plans for mass production in 2025 [2][3] Financial Performance Summary - In 2024, the company reported a gross margin of 33.60%, a decrease of 2.01 percentage points year-on-year, primarily due to intense market competition [1] - The operating cash flow for 2024 was 183 million yuan, exceeding net profit due to a reduction in inventory [1] - The company forecasts net profits of 161 million yuan and 202 million yuan for 2025 and 2026, respectively, with a new estimate of 332 million yuan for 2027 [3] - The company’s revenue is projected to grow significantly in the coming years, with a forecasted revenue of 2.4 billion yuan by 2027 [4]

Investment Rating - The report maintains a "Buy" rating for the company [5] Core Insights - The company achieved a revenue of 1.343 billion yuan in 2024, representing a year-on-year growth of 3.32%, while the net profit attributable to shareholders decreased by 28.01% to 134 million yuan [1] - The company continues to focus on R&D, with R&D expenses amounting to 300 million yuan, accounting for 22.35% of revenue [1] - The company is a key supplier for domestic home appliance brands, benefiting from high cost-performance and reliability, while facing challenges in meeting strict compatibility requirements from clients [2] - The company is actively expanding into the robotics sector, focusing on MCU development for joint control, which is expected to create additional market opportunities for its battery management chips [3] - The company has introduced several new products, including 32-bit Cortex M0+ chips and upgraded induction cooker products, with plans for mass production in 2025 [2][3] Financial Summary - In 2024, the company reported a gross margin of 33.60%, a decrease of 2.01 percentage points year-on-year, primarily due to intense market competition [1] - The company’s operating cash flow was positive at 183 million yuan, driven by a reduction in inventory [1] - The forecast for net profit attributable to shareholders for 2025 and 2026 has been revised down to 161 million yuan and 202 million yuan, respectively, reflecting a decrease of 51% and 55% from previous estimates [3] - The company’s revenue is projected to grow significantly in the coming years, with estimates of 1.615 billion yuan in 2025, 1.96 billion yuan in 2026, and 2.4 billion yuan in 2027 [4] Key Financial Metrics - The company’s earnings per share (EPS) for 2024 is projected at 0.39 yuan, with a return on equity (ROE) of 7.70% [4] - The price-to-earnings (P/E) ratio is expected to decrease from 60 in 2024 to 24 in 2027, indicating a potential increase in valuation attractiveness over time [4] - The company’s gross margin is expected to improve to 41.0% by 2027, reflecting operational efficiencies and product mix enhancements [12]

Investment Rating - The report maintains a "Buy" rating for the company [2] Core Views - The company reported a revenue of 1.343 billion yuan for 2024, a year-on-year increase of 3.32%, while the net profit attributable to shareholders decreased by 28.01% to 134 million yuan [5] - The company aims to leverage its advantages in MCU and BMS to enter the robotics and smart automotive sectors [1] - The report adjusts profit forecasts, predicting a net profit of 183 million yuan for 2025, down from a previous estimate of 492 million yuan, with corresponding PE ratios for 2025-2027 at 44, 31, and 23 [8] Financial Data and Profit Forecast - Total revenue forecast for 2025 is 1.543 billion yuan, with a year-on-year growth rate of 14.8% [7] - The company's gross margin for 2024 is projected at 33.6%, a decrease of 2.01 percentage points year-on-year [8] - The company expects to achieve a net profit of 354 million yuan by 2027, with a corresponding ROE of 13.9% [7][10] Market Position and Product Development - The company has maintained a strong competitive position in the smart home appliance sector, particularly in the MCU market, where it is a preferred choice for major domestic brands [8] - The company plans to launch several new products targeting the home appliance market in 2024, including a new generation of single-chip solutions for variable frequency air conditioning [8] - The company is also extending its BMIC technology into the automotive sector, focusing on battery management systems for smart vehicles [8]