证券代码：300373 证券简称：扬杰科技 公告编号：2025-002 扬州扬杰电子科技股份有限公司 第五届董事会第十二次会议决议公告 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。 扬州扬杰电子科技股份有限公司（以下简称"公司"）于 2025 年 2 月 8 日以电子邮件 和电话的方式向各位董事发出关于召开公司第五届董事会第十二次会议的通知，会议于 2025 年 2 月 14 日下午 14 时在江苏省扬州市邗江区新甘泉路 68 号公司 5 号厂区办公楼 三楼会议室以现场和通讯相结合的方式召开。 本次会议应到董事 9 人，实到董事 9 人，其中董事陈润生先生、黄治国先生、独立 董事 GUO QIANG 先生、刘志弘先生、于平先生以通讯方式参加表决。会议由董事长梁 勤女士主持，公司部分监事、高级管理人员列席了会议。本次会议的召开符合《中华人民 共和国公司法》和《公司章程》的有关规定。经与会董事审议，形成如下决议： 一、逐项审议并通过了《关于回购公司股份方案的议案》 （一）回购股份的目的 基于对公司未来发展前景的信心以及对公司长期价值的合理判断，为有效维护广大 股 ...

舆情管理制度 第一章 总则 第一条 为进一步提高扬州扬杰电子科技股份有限公司（以下简称"公司"）应对 各类舆情的能力，建立快速反应和应急处置机制，及时妥善处理各类舆情对公司股 价、公司商业信誉及正常生产经营活动造成的影响，切实维护投资者和公司的合法权 益，根据相关法律、法规、规范性文件及《公司章程》的有关规定，特制定本制度。 扬州扬杰电子科技股份有限公司 第二条 本制度所称"舆情"包括： （一）报刊、电视、网络等媒体对公司进行的负面报道； （二）社会上存在的已经或将给公司造成不良影响的传言或信息； （三）可能或者已经影响社会公众投资者投资取向，造成股价异常波动的信息； （四）其他涉及公司信息披露且可能对公司股票及其衍生品交易价格产生较大影 响的事件信息。 第三条 本制度所称舆情分为重大舆情与一般舆情： （一）重大舆情：指传播范围广，严重影响公司公众形象或正常经营活动，使公 司已经或可能遭受损失，已经或可能造成公司股票及其衍生品种交易价格变动的负面 舆情。 （二）一般舆情：指除重大舆情之外的其他舆情。 舆情的处理工作，就相关工作做出决策和部署，根据需要研究决定公司对外发布的相 关信息，主要工作职责包括： （一） ...

证券代码：300373 证券简称：扬杰科技 公告编号：2025-003 扬州扬杰电子科技股份有限公司 关于回购公司股份方案的公告 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、回购方案的主要内容 （1）回购股份的种类：公司已发行的人民币普通股（A 股）。 （2）回购股份的用途：本次回购股份计划用于实施员工持股计划或股权激 励。 （3）回购股份的价格区间：不超过人民币 58.00 元/股。 （4）回购股份的资金总额：本次回购股份的资金总额不低于人民币 4,000 万 元，不超过人民币 8,000 万元。 （5）资金来源：公司自有资金或自筹资金。 （6）回购股份数量及占公司总股本的比例：按回购价格上限 58.00 元/股测 算，当回购资金总额为下限人民币 4,000 万元时，预计回购股份数量约为 689,656 股，占公司目前总股本的 0.13%；当回购资金总额为上限人民币 8,000 万元时， 预计回购股份数量约为 1,379,310 股，占公司目前总股本的 0.25%。 （7）回购股份的实施期限：自公司董事会审议通过本次回购股份方案之日 ...

证券代码：300373 证券简称：扬杰科技 公告编号：2024-058 扬州扬杰电子科技股份有限公司 关于完成工商变更登记的公告 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。 近日，公司完成了注册资本工商变更登记，并取得了扬州市数据局核发的《营 业执照》。新营业执照信息如下： 统一社会信用代码：913210007908906337 名称：扬州扬杰电子科技股份有限公司 注册资本：54334.7787 万元整 经营范围：新型电子元器件及其它电子元器件的制造、加工，销售本公司自 产产品；分布式光伏发电；从事光伏发电项目的建设及其相关工程咨询服务；光 伏电力项目的开发以及光伏产业项目的开发；光伏太阳能组件、太阳能应用工程 零部件的销售；太阳能应用系统集成开发；道路普通货物运输；自营和代理各类 商品及技术的进出口业务。（国家限定公司经营或禁止进出口的商品及技术除外） 1 （依法须经批准的项目，经相关部门批准后方可开展经营活动） 扬州扬杰电子科技股份有限公司（以下简称"公司"）于 2024 年 9 月 13 日 召开 2024 年第二次临时股东大会，审议通过了《关于变更 ...

Investment Rating - Buy rating maintained for Yangjie Technology (300373) [2] Core Views - Yangjie Technology achieved revenue of 4.423 billion yuan in the first three quarters of 2024, a year-on-year increase of 9.48%, with net profit attributable to the parent company of 669 million yuan, up 8.28% year-on-year [3] - Q3 2024 revenue was 1.558 billion yuan, up 10.06% year-on-year and 1.38% quarter-on-quarter, with net profit attributable to the parent company of 244 million yuan, up 17.91% year-on-year but down 0.03% quarter-on-quarter [3] - Gross margin improved to 33.59% in Q3 2024, up 1.31% year-on-year and 2.27% quarter-on-quarter, driven by cost reduction and efficiency improvement [3] - Automotive electronics business grew rapidly, with revenue up 60% year-on-year in the first three quarters of 2024, accounting for 15% of total revenue [3] - The company has developed a self-developed automotive silicon carbide module, which has received testing and cooperation intentions from multiple Tier 1 suppliers and terminal automakers, with plans for mass production in 2025 [3] Financial Performance - Revenue is expected to grow from 5.410 billion yuan in 2023 to 8.721 billion yuan in 2026, with a compound annual growth rate of 21.03% [4] - Net profit attributable to the parent company is forecasted to increase from 923.93 million yuan in 2023 to 1.44998 billion yuan in 2026, with a compound annual growth rate of 24.17% [4] - EPS is projected to rise from 1.70 yuan in 2023 to 2.67 yuan in 2026 [4] - Gross margin is expected to improve from 30.3% in 2023 to 32.6% in 2026 [6] - ROE is forecasted to increase from 11.2% in 2023 to 12.5% in 2026 [6] Business Highlights - Strong demand in domestic automotive and consumer electronics sectors, with improving industrial markets and overseas inventory depletion [3] - The company is expanding its product portfolio in automotive-related areas, including 5-inch, 6-inch, 8-inch, and silicon carbide products [3] - Significant potential for import substitution in the domestic market for automotive silicon carbide modules [3]

Investment Rating - The report maintains a "Buy" rating for the company [4] Core Views - The company achieved a revenue of 4.424 billion yuan in the first three quarters of 2024, representing a year-over-year increase of 9.48%. The net profit attributable to shareholders was 669 million yuan, up 8.28% year-over-year [7] - The automotive electronics business saw significant growth, with revenue increasing by 60% year-over-year in the first three quarters of 2024. The demand for automotive electronics remains strong domestically, supported by the company's investments in automotive-grade silicon carbide modules and ongoing construction of related facilities [8] - The company is maintaining a high production capacity utilization rate and is expanding its production lines, particularly in automotive electronics. The overseas factory in Vietnam is expected to start production by the end of the year, enhancing the company's capacity and market reach [9] - The gross profit margin improved due to cost control measures and an increased proportion of high-margin automotive electronics in the product mix. The company anticipates further improvements in gross margin [9] Summary by Sections Financial Performance - In Q3 2024, the company reported revenue of 1.558 billion yuan, a year-over-year increase of 10.06% and a quarter-over-quarter increase of 1.38%. The net profit attributable to shareholders was 244 million yuan, up 17.91% year-over-year [7] - The comprehensive gross profit margin for Q3 was 33.59%, reflecting a year-over-year increase of 1.31 percentage points and a quarter-over-quarter increase of 2.27 percentage points [7] Business Segments - The automotive electronics segment is a key growth area, with a 60% year-over-year revenue increase in the first three quarters of 2024. The consumer and industrial sectors also showed robust recovery, with revenue growth exceeding 20% year-over-year [8] - The photovoltaic segment is currently undergoing cyclical adjustments, with expectations for a rebound next year [8] Production and Capacity - The company is expanding its production capacity, particularly in automotive electronics, and is operating at near-full capacity across most production lines. The subsidiary in Hunan has expanded its capacity to 35,000 wafers per month, with ongoing plans for further expansion [9] - The overseas production facility in Vietnam is progressing well and is expected to enhance the company's competitive advantage in supply chain security and cost considerations [9] Future Outlook - The revenue forecasts for 2024, 2025, and 2026 are adjusted to 60.51 billion yuan, 71.29 billion yuan, and 86.19 billion yuan, respectively. The net profit forecasts for the same years are 9.29 billion yuan, 11.28 billion yuan, and 16.63 billion yuan, respectively [10]

Investment Rating - The report maintains a "Buy" rating for the company, indicating an expected price increase of over 15% relative to the industry index within the next six months [11]. Core Views - The company has achieved steady growth in performance due to recovering downstream demand and significant growth in its automotive business, with a year-on-year revenue increase of 9.48% in the first three quarters of 2024 [1][2]. - The semiconductor market is gradually improving, contributing to the company's revenue expansion, with Q3 2024 revenue reaching a record high for a single quarter [2]. - The company is actively developing new products, including IGBT and silicon carbide modules, which are expected to drive significant growth in 2024 [3]. Financial Summary - For the first three quarters of 2024, the company reported revenue of 4.424 billion yuan, a year-on-year increase of 9.48%, and a net profit attributable to shareholders of 669 million yuan, up 8.28% year-on-year [1]. - The company's overall gross margin for the first three quarters of 2024 was 31.02%, with a net profit margin of 15.13% [2]. - The company expects to achieve net profits of 935 million yuan, 1.155 billion yuan, and 1.417 billion yuan for the years 2024, 2025, and 2026, respectively [3]. Revenue and Profit Growth - The company's revenue growth rates are projected to be 11.6% in 2024, 20.2% in 2025, and 16.4% in 2026 [7]. - The net profit growth rates are expected to be 1.2% in 2024, 23.5% in 2025, and 22.6% in 2026 [7]. Market Position and Strategy - The company is benefiting from a recovery in the downstream market, with its automotive electronics business revenue growing by 60% year-on-year [2]. - The company is enhancing its overseas market presence and has accelerated the construction of its factory in Vietnam, aiming to improve its global influence [2]. - The company is focusing on optimizing its product structure to meet the growing demand in the automotive and consumer electronics sectors [3].

Investment Rating - The investment rating for the company is "Outperform the Market" [1][3][10] Core Views - The company's gross margin improved by 2.27 percentage points quarter-on-quarter in Q3 2024, driven by rapid growth in the automotive business [1] - The company achieved a revenue of 1.56 billion yuan in Q3 2024, representing a year-on-year increase of 10.06% and a quarter-on-quarter increase of 1.38% [1] - Automotive electronics revenue grew by 60% year-on-year in the first three quarters of 2024, with both consumer electronics and industrial market demands recovering, leading to over 20% growth in corresponding segments [1] - The overseas market is entering a recovery phase, with an increase in overseas revenue contributing to improved overall gross margin [1] - The company has established a quality system for automotive electronics, receiving certifications from multiple automotive electronics clients, indicating a transition into an accelerated growth phase for its automotive electronics business [1] Financial Summary - For 2024, the company is expected to achieve a net profit of 920 million yuan, with projected net profits of 1.055 billion yuan and 1.282 billion yuan for 2025 and 2026, respectively [2][3] - The company's revenue is forecasted to grow from 5.41 billion yuan in 2023 to 6.01 billion yuan in 2024, reflecting an 11.1% increase [2] - The projected PE ratios for 2024, 2025, and 2026 are 28.7, 25.0, and 20.6, respectively [2][3]

Investment Rating - The report maintains a "Buy" investment rating for the company [2][6]. Core Views - The company has shown stable revenue growth, with a 9.48% year-on-year increase in revenue for the first three quarters of 2024, reaching 4.424 billion yuan. The net profit attributable to shareholders increased by 8.28% to 669 million yuan [2][3]. - The automotive business is expected to grow significantly, with a 60% year-on-year increase in revenue for the automotive electronics segment in the first three quarters of 2024, driven by the global shift towards electric and intelligent vehicles [3][4]. - Cost reduction and efficiency improvement strategies have been effective, leading to a steady increase in gross margin, which reached 33.59% in Q3, up 5.92 percentage points from Q1 [4]. Summary by Sections Financial Performance - In the first three quarters of 2024, the company achieved revenue of 4.424 billion yuan, a 9.48% increase year-on-year. Q3 revenue was 1.558 billion yuan, up 10.06% year-on-year, with net profit for the same period reaching 244 million yuan, a 17.91% increase [3][4]. - The company forecasts revenues of 6.065 billion yuan, 7.312 billion yuan, and 8.537 billion yuan for 2024, 2025, and 2026 respectively, with corresponding EPS of 1.77 yuan, 2.19 yuan, and 2.69 yuan [6][8]. Market Dynamics - The overseas market began to recover in Q2 after inventory destocking, with significant growth potential for the company's products in the automotive, new energy, and AI server sectors [5][6]. - The company's Vietnam factory is progressing well and is expected to start production by the end of 2024, enhancing its competitiveness in overseas markets [5]. Operational Efficiency - The company has implemented cost optimization strategies, resulting in an 11% year-on-year improvement in direct labor efficiency and a 5.8% increase in equipment utilization [4].

证券代码：300373 证券简称：扬杰科技 编号：2024-005 扬州扬杰电子科技股份有限公司 投资者关系活动记录表 | --- | --- | --- | --- | --- | |-----------------|-----------------------|--------------------------------------------------|--------|------------------| | | □特定对象调研 | □分析师会议 | | | | 投 资 者关系 | | □媒体采访 □业绩说明会 | | | | 活动类别 | | □新闻发布会 □路演活动 | | | | | □现场参观 | | | | | | □ √ 其他 电话会议 | | | | | | 唐毅 | Brilliance Asset Management Limited | 张弢 | 北京泓澄资管 | | | HUANGKaren | China Life Franklin Asset Management Co Ltd | 单河 | 北京泽铭投资 | | | Fisher Xi | Lazard Asse ...