Revenue and Profitability - The company's revenue for Q1 2025 was ¥1,205,153,306.39, representing a 3.57% increase compared to ¥1,163,616,898.38 in the same period last year[5] - Net profit attributable to shareholders decreased by 1.15% to ¥562,063,844.36 from ¥568,607,195.10 year-on-year[5] - Total operating revenue for the current period reached ¥1,205,153,306.39, an increase of 3.9% compared to ¥1,163,616,898.38 in the previous period[20] - Net profit for the current period was ¥562,063,844.36, slightly down from ¥568,607,195.10, indicating a decrease of 1.0%[21] - The company reported a decrease in comprehensive income to ¥562,055,015.90 from ¥568,613,460.60, a decline of 1.2%[21] Cash Flow and Liquidity - The net cash flow from operating activities increased by 33.24% to ¥441,642,297.25, up from ¥331,453,810.88 in Q1 2024[5] - Cash flow from operating activities generated ¥441,642,297.25, an increase from ¥331,453,810.88, representing a growth of 33.3%[23] - Cash and cash equivalents increased by 60.04% to ¥801,755,120.77 from ¥500,984,538.88 at the end of 2024[12] - Total cash and cash equivalents increased by $300.4 million, compared to an increase of $109.5 million in the previous year[24] - The ending balance of cash and cash equivalents reached $751.1 million, up from $509.3 million year-over-year[24] Assets and Liabilities - The total assets at the end of Q1 2025 were ¥10,168,934,681.97, a 4.04% increase from ¥9,774,512,670.10 at the end of the previous year[5] - Total assets reached ¥10,168,934,681.97, up from ¥9,774,512,670.10, marking an increase of about 4%[17] - Total liabilities decreased to ¥659,203,798.45 from ¥826,841,266.48, a reduction of approximately 20.2%[17] - The company's equity remained stable with total equity at ¥1,263,815,202.00[17] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 29,684[11] - The company's basic earnings per share decreased by 1.16% to ¥0.4447 from ¥0.4499 in the same period last year[5] - Earnings per share (basic) for the current period was ¥0.4447, compared to ¥0.4499 in the previous period[22] Investment and Other Income - The company reported a significant increase in investment income, which rose by 161.99% to ¥26,501,218.76 compared to ¥10,115,282.09 in Q1 2024[9] - Other income increased to ¥7,748,906.32 from ¥3,522,137.29, marking a significant rise of 120.0%[20] - Investment income rose to ¥26,501,218.76 from ¥10,115,282.09, showing an increase of 162.5%[20] Operational Costs and Expenses - Total operating costs amounted to ¥630,817,878.94, up from ¥600,717,446.47, reflecting a rise of 5.5%[20] - Research and development expenses totaled ¥104,794,497.74, a slight increase from ¥102,276,653.35, reflecting a growth of 2.5%[20] Employee and Compensation Liabilities - The company reported a significant reduction in employee compensation liabilities from ¥186,225,989.78 to ¥35,365,480.31, a decrease of about 81%[17] Market and Product Development - The company has not disclosed any new product developments or market expansion strategies in the current report[15] - There are no updates on mergers or acquisitions in the latest financial disclosures[15]

厦门亿联网络技术股份有限公司 关于收到公司战略与 ESG 委员会 2024 年度利润分配 预案提议的公告 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： 证券代码：300628 证券名称：亿联网络 公告编号：2025-005 战略与 ESG 委员会委员陈智松先生、卢荣富先生、吴翀先生承诺 将在公司董事会和股东大会审议上述 2024 年度利润分配预案时投赞 成票。 一、提议的主要内容 为落实公司"质量回报双提升"行动方案，与投资者共享公司经 营成果，提升投资者的获得感，在符合《公司章程》规定、在保证公 司正常经营和长远发展的前提下，公司战略与 ESG 委员会现就公司 2024 年 度 利 润 分 配 预 案 向 董 事 会 提 议 如 下 ： 以 公 司 总 股 本 1,263,815,202 股 ， 扣 减 公 司 回 购 专 用 证 券 账 户 中 股 份 总 数 1,354,562 股后的股本 1,262,460,640 股为基数，向全体股东每 10 股 派发现金股利人民币 13.00 元（含税），共计派发现金股利人民币 1,641,198 ...

证券代码：300628 证券名称：亿联网络 公告编号：2025-004 厦门亿联网络技术股份有限公司 关于公司近期经营情况的说明 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、背景说明 近日，美国政府宣布实施"对等关税"政策，对全球贸易伙伴加 征关税，公司密切关注政策动态，并基于长期战略规划已提前部署应 对措施。目前公司经营秩序正常，各项业务有序推进。 全球化贸易环境波动的背景下，技术创新和产品竞争力是抵御外 部风险的核心壁垒，公司始终坚持研发驱动战略，在所在市场的业务 领域已有长期积累，预计国际贸易环境变化对整体经营的影响有限， 未来公司将持续关注政策动向，动态优化策略，保障企业稳健发展。 特此公告。 厦门亿联网络技术股份有限公司 二○二五年四月八日 二、公司应对策略及进展说明 为应对区域贸易政策风险，公司已提前通过境外仓储布局提升供 应链韧性，确保核心市场订单的稳定交付能力，降低短期政策波动对 业务连续性的影响。目前，公司已在逐步建立东南亚地区的生产能力， 同时增加其他海外区域的产能布局规划，逐步形成区域协同、辐射全 球的产能网络，增强抗风险能力。此 ...

2025 年 3 月 7 日 公司研究 业绩快速增长，成长空间广阔 ——亿联网络（300628.SZ）跟踪报告之二 要点 24 年业绩快速增长：根据公司 2024 年业绩快报，2024 年公司实现营业收入 56.18 亿元，同比增长 29.22%；实现归母净利润 26.45 亿元，同比增长 31.55%。 会议产品：随着全球基础通信设施的完善及通信技术的发展，视频会议行业由私 有化向公有化转型，该转型使得企业使用门槛降低，市场开始下沉，市场规模增 长；同时，随着企业数字化转型进程加速以及人工智能技术的持续发展和突破， 企业用户对会议产品实际应用场景的落地要求也在不断提高，促使视频会议解决 方案不断优化与升级。亿联网络的会议产品业务线始终坚持"云+端"的产品设 计理念，形成一站式全套解决方案，能够全面保障整体解决方案的调优性能，确 保更好的用户体验。公司坚持研发投入和产品创新，利用 AI 技术打造更多的智 能化办公及会议体验，更快速、更高效地满足全球客户需求，有望进一步提升市 场份额。24H1 公司会议产品实现营业收入 9.50 亿元，同比增长 51.27%。 盈利预测、估值与评级：根据公司公告，2024 年公 ...

根据公司 2024年业绩快报，2024年公司实现营业收入 56.18亿元，同比增长29.22%；实现归母净利润 26.45亿元，同比增长31.55%。 会议产品： 点击注册小程序 特别申明： 本订阅号中所涉及的证券研究信息由光大证券研究所编写，仅面向光大证券专业投资者客户，用作新媒体形势下研究 信息和研究观点的沟通交流。非光大证券专业投资者客户，请勿订阅、接收或使用本订阅号中的任何信息。本订阅号 难以设置访问权限，若给您造成不便，敬请谅解。光大证券研究所不会因关注、收到或阅读本订阅号推送内容而视相 关人员为光大证券的客户。 报告摘要 24年业绩快速增长： 随着全球基础通信设施的完善及通信技术的发展，视频会议行业由私有化向公有化转型，该转型使得企业 使用门槛降低，市场开始下沉，市场规模增长；同时，随着企业数字化转型进程加速以及人工智能技术的 持续发展和突破，企业用户对会议产品实际应用场景的落地要求也在不断提高，促使视频会议解决方案不 断优化与升级。 亿联网络的会议产品业务线始终坚持"云+端"的产品设计理念，形成一站式全套解决方 案，能够全面保障整体解决方案的调优性能，确保更好的用户体验。公司坚持研发投入和产品创 ...

Investment Rating - The report maintains a "Buy" rating for the company, indicating a positive outlook for future investment returns exceeding the market benchmark by over 15% in the next 6-12 months [5][13]. Core Insights - The company achieved rapid revenue growth in 2024, with operating income reaching 5.618 billion yuan, a year-on-year increase of 29.22%, and a net profit of 2.645 billion yuan, up 31.55% [1][3]. - The video conferencing industry is transitioning from privatization to public use, lowering entry barriers for enterprises and expanding market size. The company's "cloud + endpoint" product design philosophy supports comprehensive solutions, enhancing user experience and market share [1]. - The company is focusing on AI technology to improve intelligent office and meeting experiences, which is expected to further increase market share [1]. Revenue Breakdown - **Meeting Products**: Revenue for the first half of 2024 reached 950 million yuan, a growth of 51.27% year-on-year [1]. - **Cloud Office Terminals**: Revenue for the first half of 2024 was 200 million yuan, growing by 29.29% year-on-year [2]. - **Desktop Communication Terminals**: Revenue for the first half of 2024 was 1.510 billion yuan, with a year-on-year increase of 20.26% [2]. Financial Forecasts and Valuation - The company is projected to achieve net profits of 2.645 billion yuan in 2024, 3.051 billion yuan in 2025, and 3.425 billion yuan in 2026, with corresponding P/E ratios of 20, 17, and 15 respectively [3][4]. - The report indicates a positive market trend for 2024, with expectations for continued growth across all business segments [3]. Key Financial Metrics - **Revenue Growth Rates**: 2024 is expected to see a 29.22% increase, followed by 15.81% in 2025 and 13.53% in 2026 [4]. - **Net Profit Margins**: The net profit margin is projected to be 47.1% in 2024, 46.9% in 2025, and 46.4% in 2026 [11]. - **Return on Equity (ROE)**: Expected to be 27.5% in 2024, 27.3% in 2025, and 26.6% in 2026 [11].

Financial Performance - Total operating revenue for 2024 reached RMB 561,836.37 million, an increase of 29.22% compared to the previous year[5] - Operating profit was RMB 288,994.91 million, reflecting a growth of 32.71% year-over-year[5] - Net profit attributable to shareholders was RMB 264,450.19 million, up 31.55% from the previous year[5] - Net profit attributable to shareholders after deducting non-recurring gains and losses was RMB 243,574.64 million, representing a 36.20% increase[5] - Basic earnings per share rose to RMB 2.0925, a 31.55% increase compared to the previous year[5] Return on Investment - The weighted average return on net assets increased to 30.64%, up 5 percentage points from the previous year[6] Assets and Equity - Total assets at the end of the reporting period were RMB 977,347.10 million, a 10.00% increase year-over-year[9] - Shareholders' equity attributable to the company reached RMB 894,431.60 million, growing by 10.07% compared to the previous year[10] Operational Performance - The company maintained a steady operational performance with positive market trends and effective business progress[7] - There are no significant discrepancies between the reported performance and the previous earnings forecast[11]

证券代码：300628 证券名称：亿联网络 公告编号：2025-002 厦门亿联网络技术股份有限公司 关于特定股东累计减持股份超过 1%暨减持计划实施 完毕的公告 特定股东陈建荣及其一致行动人陈智松保证向本公司提供的信 息内容真实、准确、完整，没有虚假记载、误导性陈述或重大遗 漏。 本公司及董事会全体成员保证公告内容与信息披露义务人提供 的信息一致。 厦门亿联网络技术股份有限公司（以下简称"公司"）于 2024 年 12 月 23 日在中国证监会创业板指定信息披露网站巨潮资讯网披 露了《关于特定股东减持股份预披露的公告》（公告编号：2024-064）。 持有本公司股份 53,585,000 股（占剔除公司回购专用证券账户 1,354,562 股后的总股本比例 4.24%）的特定股东陈建荣拟在公告之 日起 15 个交易日后的 3 个月内,即从 2025 年 1 月 15 日起至 2025 年 4 月 14 日，以大宗交易方式减持本公司股份合计不超过 12,500,000 股，减持股份数不超过剔除公司回购专用证券账户 1,354,562 股后的 总股本比例的 0.99%。若计划减持期间有派息、送股、资本公积金转 ...

证券研究报告 | 公司点评 | 通信设备 亿联网络(300628) 报告日期：2025 年 01 月 16 日 ——亿联网络 2024 年业绩预告点评 投资要点 ❑ 24Q4 经营收入、利润均超预期 公司发布 2024 年业绩预告。2024 年，公司预计实现收入 55.2 至 57.3 亿元，同比 增长 27%至 32%；归母净利润 26.1 至 27.1 亿元，同比增长 30%至 35%；扣非后 归母净利润 24.0 至 24.9 亿元，同比增长 34%至 39%。 以业绩预告中值计算，24Q4 公司预计实现收入 15.2 亿元，环比+5%，同比增长 35%；归母净利润 6.0 亿元，同比增长 51%。分季度来看，24Q1-Q4 公司收入增 速分别为 31%、30%、22%、35%；归母净利润增速分别为 34%、31%、20%、 51%。我们认为，24Q4 美元升值幅度较大，公司主要收入来自于欧美地区，或 形成较多的汇兑收益。 ❑ 云办公终端有望进入成长快车道 公司云办公终端业务趋势向好，各季度环比增速持续提升。从前三季度来看，云 办公终端回归至增速最高的状态，其次为会议产品和桌面通信终端。我们认为， 目前 ...

Revenue and Profit Projections - Revenue for 2024 is expected to be between 55.22 billion yuan and 57.394 billion yuan, representing a year-over-year increase of 27%-32%[3] - Net profit attributable to shareholders is projected to be between 2.613 billion yuan and 2.714 billion yuan, a year-over-year increase of 30%-35%[3] - Net profit after deducting non-recurring gains and losses is expected to be between 2.396 billion yuan and 2.486 billion yuan, a year-over-year increase of 34%-39%[3] Non-Recurring Gains and Losses - Non-recurring gains and losses are estimated to impact net profit by approximately 220 million yuan[6] Business Performance and Strategy - The company achieved strong operating results in 2024, driven by robust market trends and steady business progress[5] - The company continues to optimize enterprise communication solutions and expand sales channels to build long-term competitiveness[5] Financial Data and Audit Status - The financial data in the performance forecast is preliminary and has not been pre-audited by an audit firm[4][6]