Business Performance and Focus Areas - In 2024, the company will focus on semiconductor display equipment, automotive intelligent cockpit systems, semiconductor packaging and testing equipment, and new energy equipment [2][3] - The company aims to enhance R&D in flexible display module equipment, Mini/Micro LED equipment, and precision assembly equipment for VR/AR/MR [2][3] Shareholder Actions and Market Confidence - The controlling shareholder, Mr. Nie Quan, reduced his holdings by 3,511,600 shares (1.95% of total shares) between March 10 and March 28, 2025 [3] - The company emphasizes that shareholder reductions are based on personal financial needs and are compliant with disclosure obligations [3][4] Stock Price and Investor Relations - The company is committed to maintaining its market value and improving management levels to enhance investor relations [4][5] - There is a focus on reasonable profit distribution plans to improve investor returns, considering the company's development and legal compliance [5] Industry Position and Competitiveness - The company has over 20 years of experience in the semiconductor display equipment industry, achieving a leading position in product R&D and manufacturing processes [6][7] - It has established strong partnerships with renowned manufacturers and brands in the semiconductor display field, leveraging its industry experience and technological advantages [6][7] Future Plans and Strategic Considerations - The company is exploring opportunities for asset restructuring and strategic partnerships, aligning with regulatory support for mergers and acquisitions [7][8] - The company will disclose its operational status in regular reports, ensuring transparency with investors [8]

Company Overview - Shenzhen LianDe Automation Equipment Co., Ltd. has a strong focus on innovation and technology, leading to rapid and stable growth in recent years [2] - The company emphasizes optimizing product structure and achieving domestic substitution [2] - It has successfully expanded into overseas markets, particularly in Europe, Southeast Asia, and North America, gaining recognition from major clients due to superior equipment performance and service [2] Key Business Areas - The company provides comprehensive solutions for the folding screen supply chain, establishing sales orders and shipments in this segment [3] - In the VR/AR/MR display sector, it has developed equipment that meets the needs of clients, forming partnerships with leading companies in the industry [4] - The semiconductor equipment segment focuses on chip packaging and testing, with products like COF flip chip machines and high-precision semiconductor equipment [5] - In the Mini/Micro LED display field, the company has launched various equipment including chip sorting and transfer devices [6] Market Expansion - The company has built a strong client base in the overseas market, including partnerships with Fortune 500 companies such as Continental Automotive Electronics and Bosch [7]

Financial Performance - The company's basic earnings per share for Q1 2025 is CNY 0.2400, a decrease of 7.69% compared to Q1 2024's CNY 0.2600 [1] - The net profit for Q1 2025 is CNY 0.43 billion, down 6.52% from CNY 0.46 billion in Q1 2024 [1] - The operating revenue for Q1 2025 is CNY 3.67 billion, an increase of 5.16% from CNY 3.49 billion in Q1 2024 [1] - The return on equity for Q1 2025 is 2.18%, a decline of 19.56% compared to 2.71% in Q1 2024 [1] Shareholder Structure - The top ten unrestricted shareholders hold a total of 30.61 million shares, accounting for 26.81% of the circulating shares, with a decrease of 4.88 million shares from the previous period [1] - The largest shareholder, Nie Quan, holds 18.38 million shares, representing 16.10% of the total share capital, with a reduction of 3.51 million shares [2] - New entrants among the top shareholders include Mao Ai Ying, Morgan Stanley & Co. International PLC, and others, while Yunnan Mingding Investment Group has exited the top ten [2] Dividend Distribution - The company has announced that it will not distribute dividends or allocate shares this time [3]

证券代码：300545 证券简称：联得装备 公告编号：2025-022 深圳市联得自动化装备股份有限公司 深圳市联得自动化装备股份有限公司（以下简称"公司"）《2025 年第一季度报告》于 2025 年 4 月 28 日 刊 登 在 中 国 证 监 会 指 定 的 创 业 板 信 息 披 露 网 站 巨 潮 资 讯 网 （http://www.cninfo.com.cn）上，敬请投资者注意查阅。 特此公告。 深圳市联得自动化装备股份有限公司 董事会 2025 年 4 月 28 日 关于 2025 年第一季度报告披露提示性公告 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。 ...

证券代码：300545 证券简称：联得装备 公告编号：2025-020 深圳市联得自动化装备股份有限公司 本公司及监事会全体成员保证公告内容真实、准确和完整，公告不存在虚假记载、 误导性陈述或者重大遗漏。 一、监事会会议召开情况 深圳市联得自动化装备股份有限公司（以下简称"公司"）第五届监事会第五次会议于 2025 年 4 月 25 日在东莞联鹏智能装备有限公司 10 层会议室以现场方式召开。会议通知已 于 2025 年 4 月 21 日通过现场送达方式发出。会议由监事会主席欧阳小平先生主持，会议应 到监事 3 人，实到监事 3 人。会议的召集、召开符合有关法律、行政法规、部门规章、规范 性文件和《公司章程》的规定。 二、监事会会议审议情况 经与会监事审议，通过了以下议案： 第五届监事会第五次会议决议公告 深圳市联得自动化装备股份有限公司 （一）审议并通过了《关于公司 2025 年第一季度报告的议案》 表决结果：同意票 3 票，反对票 0 票，弃权票 0 票，表决通过。 经审核，与会监事认为：公司 2025 年第一季度报告的程序符合法律、行政法规和证监 会与交易所的规定，报告内容真实、准确、完整地反映了公司 ...

二、 董事会会议审议情况 经与会董事审议，通过了以下议案： （一）审议并通过了《关于公司 2025 年第一季度报告的议案》 经审议，与会董事认为：2025 年第一季度报告内容真实、准确、完整地反映了公司 2025 年第一季度经营的实际情况，不存在任何虚假记载、误导性陈述或者重大遗漏。 证券代码：300545 证券简称：联得装备 公告编号：2025-019 深圳市联得自动化装备股份有限公司 第五届董事会第六次会议决议公告 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。 一、董事会会议召开情况 深圳市联得自动化装备股份有限公司（以下简称"公司"）第五届董事会第六次会议于 2025 年 4 月 25 日在东莞联鹏智能装备有限公司 10 层会议室，以现场表决方式召开。本次 会议通知于 2025 年 4 月 21 日以专人送达及电话等方式发出。本次会议由董事长聂泉先生主 持，会议应出席董事 6 名，实际出席董事 6 名。会议的召集、召开符合有关法律、行政法规、 部门规章、规范性文件和《公司章程》的规定。 1、《第五届董事会第六次会议决议》； 2、《第五届董事会审计委员会 ...

Revenue and Profit - Revenue for Q1 2025 was CNY 366,672,324.58, an increase of 5.08% compared to CNY 348,932,656.38 in the same period last year[5]. - Net profit attributable to shareholders decreased by 6.42% to CNY 42,798,810.71 from CNY 45,733,397.68 year-on-year[5]. - Operating profit for the current period was ¥54,541,813.55, slightly down from ¥55,348,750.18 in the previous period[21]. - The net profit for the current period is 42,798,810.71, a decrease of 1.46% compared to 45,463,536.77 in the previous period[22]. - The total comprehensive income for the current period is 42,812,846.06, down from 45,473,636.83 in the previous period, reflecting a decline of 5.8%[22]. - The basic earnings per share for the current period is 0.24, compared to 0.26 in the previous period, indicating a decrease of 7.69%[22]. Cash Flow - Operating cash flow increased significantly by 313.86% to CNY 197,785,016.56, driven by higher sales receipts[5][10]. - Cash flow from operating activities generated a net amount of 197,785,016.56, a significant improvement from a net outflow of -92,481,948.59 in the previous period[24]. - The company received cash from sales of goods and services amounting to 392,179,184.00, which is a substantial increase from 197,002,545.91 in the previous period, representing a growth of 99.0%[24]. - The cash outflow for purchasing goods and services was 93,338,845.76, down from 165,763,585.51 in the previous period, indicating a decrease of 43.6%[24]. - Cash and cash equivalents increased to ¥575,987,844.61 from ¥355,077,810.47 at the beginning of the period, representing a growth of approximately 62.1%[15]. - Cash and cash equivalents at the end of the period increased to 520,249,191.41, compared to 475,122,476.87 at the end of the previous period, marking an increase of 9.3%[25]. - The net cash flow from financing activities was 47,976,784.49, compared to 46,145,493.46 in the previous period, showing a slight increase of 3.97%[25]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,858,698,732.42, reflecting a 2.61% increase from CNY 2,785,857,068.75 at the end of the previous year[5]. - Total assets increased to ¥2,858,698,732.42 from ¥2,785,857,068.75, marking a growth of about 2.6%[17]. - Total liabilities rose to ¥875,368,728.33 from ¥847,148,661.50, an increase of approximately 3.3%[18]. - Shareholders' equity totaled ¥1,983,330,004.09, up from ¥1,938,708,407.25, reflecting an increase of about 2.3%[18]. Expenses - The company reported a 59.50% increase in taxes and surcharges, primarily due to property tax provisions for the Lian De Building[9]. - Management expenses rose by 41.51% compared to the previous year, mainly due to increased depreciation costs for the Lian De Building[9]. - Financial expenses increased by 74.46% year-on-year, attributed to interest expenses on bonds and long-term loans[9]. - The company reported a tax expense of 11,586,118.58, which is an increase of 15.66% from 10,019,208.32 in the previous period[22]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 20,012[12]. - The largest shareholder, Nie Quan, holds 46.69% of the shares, with 6,300,000 shares pledged[12]. Inventory and Receivables - Accounts receivable rose to ¥648,850,828.24 from ¥603,616,692.21, indicating an increase of about 7.5%[15]. - Inventory decreased to ¥483,520,348.56 from ¥655,856,636.88, reflecting a decline of approximately 26.2%[16]. Impairment and Losses - The company reported a credit impairment loss of ¥3,848,026.10, compared to a gain of ¥2,814,778.62 in the previous period[21].

【WitsView整理】 4月23日， 视源股份、天禄科技、联得装备 发布2024年营收。 其中，天禄科技 与联得装备实现营收与净利润的双增长。 视源股份 2024年，视源股份实现营收约224.01亿元，同比增长11.05%；归属于上市公司股东的净利润约9.71 亿元，同比减少29.13%。 | | 2024 年 | 2023 年 | 本年比上年增减 | 2022年 | | --- | --- | --- | --- | --- | | 营业收入(元) | 22.401.181.999.32 | 20.172.636.290.28 | 11.05% | 20,990,265,073.39 | | 归属于上市公司股东 | 970.956.088.36 | 1.370.001.016.36 | -29.13% | 2.072.418.661.24 | | 的净利润(元) | | | | | | 归属于上市公司股东 的扣除非经常性损益 | 836.646,676.09 | 1,161,053,572.39 | -27.94% | 1,809,216,233.23 | | 的净利润(元) | | | | | | 经营 ...

Core Viewpoint - The article highlights the financial performance of three companies: Visionox, Tianlu Technology, and Lianhe Equipment, for the year 2024, noting that Tianlu Technology and Lianhe Equipment achieved both revenue and net profit growth, while Visionox experienced a decline in net profit despite revenue growth. Visionox - In 2024, Visionox achieved revenue of approximately 22.401 billion yuan, a year-on-year increase of 11.05%, but the net profit attributable to shareholders decreased by 29.13% to about 971 million yuan [2] - The company expanded its overseas supply chain in the smart control components sector, increasing market share among major clients, with revenue from liquid crystal display main control boards reaching 6.629 billion yuan, up 11.82% [2] - Revenue from home appliance controllers surged by 65.64% to 1.722 billion yuan [2] - Visionox's overseas business generated revenue of 4.348 billion yuan, marking a 16.83% increase [2] Tianlu Technology - In 2024, Tianlu Technology reported revenue of approximately 654 million yuan, a year-on-year increase of 9.67%, and net profit attributable to shareholders rose by 206.84% to 27.116 million yuan [4] - The company experienced revenue growth in its main product lines, including desktop monitors, laptops, and LCD TVs, with increases of approximately 4 million yuan, 12 million yuan, and 48 million yuan respectively [6] - The gross margin improved to 19.21%, up 1.71 percentage points from 2023, driven by a recovery in panel industry demand [6] Lianhe Equipment - In 2024, Lianhe Equipment achieved revenue of 1.396 billion yuan, a year-on-year increase of 15.63%, and net profit attributable to shareholders increased by 37.06% to approximately 243 million yuan [7] - The company expanded its production scale and improved product technology content, successfully penetrating the G8.6 generation film application equipment market, breaking foreign monopolies [9] - Lianhe Equipment's net profit excluding non-recurring gains rose by 40.92% to approximately 229 million yuan [8]

Core Viewpoint - The company, LianDe Equipment, reported a revenue of 1.396 billion yuan for 2024, marking a year-on-year increase of 15.63%, and a net profit of 243 million yuan, up 37.06% year-on-year. The company plans to distribute a cash dividend of 2.0 yuan per 10 shares, totaling 36.01 million yuan, which is a historical high for the same period [1]. Group 1: Financial Performance - In 2024, LianDe Equipment achieved a revenue of 1.396 billion yuan, reflecting a 15.63% increase compared to the previous year [1]. - The net profit attributable to the parent company reached 243 million yuan, representing a 37.06% year-on-year growth [1]. - The company plans to distribute a cash dividend of 2.0 yuan per 10 shares, totaling 36.01 million yuan, which is the highest amount for the same period in history [1]. Group 2: Business Focus and Product Offerings - LianDe Equipment is focused on high-end intelligent manufacturing, providing comprehensive solutions in new semiconductor displays, automotive intelligent cockpits, semiconductor packaging and testing, and green energy [1][2]. - The company has a complete equipment layout in the new semiconductor display field, covering major production processes in the module segment, including binding, laminating, AOI inspection, and film coating [1]. - In the automotive intelligent cockpit system equipment sector, the company is expected to capture a larger market share due to the increasing demand driven by the acceleration of automotive intelligence [1]. Group 3: Research and Development - The company has a strong emphasis on technology research and development, with R&D investment accounting for 8.65% of revenue in 2024, and over 10% in the previous two years [3][4]. - As of December 31, 2024, the company employed 409 R&D personnel, making up 26.66% of its total workforce, and has obtained 272 authorized patents [4]. - The company successfully developed a large-size TV binding line equipment, which is the only supplier in China with mass production capabilities for panels larger than 100 inches [4]. Group 4: Customer Base and Market Presence - LianDe Equipment has established long-term stable relationships with numerous well-known domestic and international clients, including major manufacturers and brands in the display sector [5][6]. - The company has accumulated a strong customer base, including several Fortune 500 companies, and has successfully expanded its market presence in Europe, Southeast Asia, and North America [6]. Group 5: Competitive Positioning - The company has demonstrated a notable increase in sales gross margin, exceeding 37% last year, and achieving a weighted average return on equity of 13.63%, both marking multi-year highs [7]. - LianDe Equipment's rolling P/E ratio is 22.81, indicating a favorable cost-performance ratio compared to peers in the optical and electronic sector [7][8].