Investment Rating - The report maintains an "Accumulate" rating for the company [3]. Core Insights - The company has shown robust growth in its performance for the first three quarters of 2024, with expected revenue growth of 25%-30% year-on-year and net profit growth of 25%-30% year-on-year [2][9]. - The company's meeting products have experienced a year-on-year revenue increase of 12.81% in 2023 and 51.27% in the first half of 2024, indicating a strong demand in the market [2]. - The cloud office terminal revenue decreased by 10.33% in 2023 but rebounded with a 29.29% growth in the first half of 2024, reflecting a positive trend [2]. - The desktop communication terminal revenue saw a decline of 19.11% in 2023 but improved with a 20.26% growth in the first half of 2024, suggesting a recovery in demand [2]. Summary by Sections Company Overview - The company is a global leader in communication and collaboration solutions, providing intelligent and efficient unified communication solutions to enterprise users worldwide [9]. - It has established partnerships with major global telecom operators and technology companies, enhancing its market position [9]. Financial Performance - The company achieved a total revenue of 4,348.04 million yuan in 2023, with projections of 5,408.26 million yuan in 2024, 6,471.10 million yuan in 2025, and 7,566.40 million yuan in 2026 [10]. - The expected growth rates for revenue are 24.38% in 2024, 19.65% in 2025, and 16.93% in 2026 [10]. - The net profit attributable to the parent company is projected to be 2,433.84 million yuan in 2024, 2,972.55 million yuan in 2025, and 3,547.68 million yuan in 2026, with growth rates of 21.07%, 22.13%, and 19.35% respectively [10]. Product Lines - The company has three main product lines: desktop communication terminals, meeting products, and cloud office terminals, catering to various enterprise communication needs [9]. - Recent product launches, such as the CP50 and CPE40 video conferencing microphones, have received official recognition and recommendations from major platforms like DingTalk [2].

23/1023/1123/1224/0124/0224/0324/0524/0624/0724/0824/0924/10 亿联网络(300628) 报告日期：2024 年 10 月 14 日 Q3 业绩预告符合预期，看好产品结构优化 ——亿联网络 24Q3 业绩预告点评 投资要点 ❑ 事件：公司发布 2024 年前三季度业绩预告。24Q3，公司预计实现营收 14.16 至 14.75 亿元，同比增长 20%至 25%；归母净利润 6.90 至 7.19 亿元，同比增长 18% 至 23%；扣非后归母净利润 6.53 至 6.79 亿元，同比增长 22%至 27%，符合我们 此前的业绩前瞻。利润增速略低于收入增速，我们判断主要系汇率波动影响。 24 年前三季度，公司预计实现营收 40.30 至 41.91 亿元，同比增长 25%至 30%； 实现归母净利润 20.18 至 20.98 亿元，同比增长 25%至 30%。 ❑ 第二、三成长曲线高增长，看好产品结构优化 分三条产品线来看，桌面通信终端市场相对成熟，公司 SIP 话机市占率全球第 一，24H1 受益于补库需求。会议产品和云办公终端作为第二、三成长曲线， ...

Revenue Projections - Estimated revenue for the first three quarters of 2024 is projected to be between 4,029.59 million and 4,190.77 million RMB, representing a growth of 25%-30% compared to the same period last year[4] - Estimated revenue for the third quarter of 2024 is projected to be between 1,416.00 million and 1,475.00 million RMB, showing a growth of 20%-25% year-over-year[5] Net Profit Projections - Estimated net profit attributable to shareholders for the first three quarters of 2024 is projected to be between 2,017.73 million and 2,098.43 million RMB, also reflecting a growth of 25%-30% year-over-year[4] - Estimated net profit attributable to shareholders for the third quarter of 2024 is projected to be between 689.92 million and 719.16 million RMB, reflecting an increase of 18%-23% compared to the same period last year[5] Adjusted Net Profit Projections - Estimated net profit after deducting non-recurring gains and losses for the first three quarters of 2024 is projected to be between 1,884.67 million and 1,956.60 million RMB, indicating a growth of 31%-36% compared to the previous year[4] - Estimated net profit after deducting non-recurring gains and losses for the third quarter of 2024 is projected to be between 652.74 million and 679.49 million RMB, indicating a growth of 22%-27% year-over-year[5] Operational Performance - The company has maintained steady overall operations and effective progress in various businesses, with market demand continuing to show a positive trend[6] Non-Recurring Gains and Losses - Non-recurring gains and losses are expected to impact the net profit for the reporting period by approximately 148.00 million RMB[8] Performance Forecast and Reporting - The performance forecast data is based on preliminary estimates by the company's finance department and has not been audited[7] - The detailed performance data will be disclosed in the company's third-quarter report for 2024[8]

Industry Opportunities and Company Strategies - The enterprise communication industry is experiencing rapid evolution due to new-generation information technologies, driving deep digital transformation needs [2] - Intelligent and efficient communication methods are becoming key competitive advantages for enterprises, increasing demand for communication solutions [2] - AI technologies like image recognition, voice recognition, and translation are being increasingly applied in enterprise communication scenarios [2] - The company is continuously innovating and enriching its enterprise communication solutions to meet evolving market demands [2] Meeting Products Growth and Market Potential - Meeting products showed steady growth in H1 2024, serving as the company's second growth curve [3] - The meeting product market still has significant penetration potential, with the company holding a relatively low market share [4] - The company is optimistic about maintaining steady growth and increasing market share in the meeting products segment [4] AI and Technology Partnerships - The company is actively applying AI technologies to enhance enterprise communication solutions [4] - As Microsoft's global audio-video strategic partner, the company is collaborating on AI innovation for more efficient and intelligent communication solutions [4] Product Technology and Development - Business headsets primarily use DECT and Bluetooth wireless protocols for stable communication and clear audio quality [5] - The hearing aid business is progressing steadily, currently in the product refinement stage [6] Risk Management and Global Strategy - The company established a Singapore subsidiary in 2023 to support global strategy and mitigate potential trade risks in local markets [7] - Plans to gradually relocate part of the supply chain to enhance flexibility in responding to trade policy changes [7]

证券代码：300628 证券简称：亿联网络 公告编号：2024-053 厦门亿联网络技术股份有限公司 关于参加通信行业上市公司 2024 年度集中路演活动的公告 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。 1、本次路演活动将通过深圳证券交易所提供的"互动易"平台 举行，投资者可于 2024 年 9 月 25 日下午 15：00—17：00 登录互动 易网站（http://irm.cninfo.com.cn）进入"云访谈"栏目，在线参 与本次路演活动，也可扫描下方二维码参与交流。 为进一步展现公司经营发展情况，加强与广大投资者的互动交流， 促进提升公司质量和投资价值，厦门亿联网络技术股份有限公司（以 下简称"公司"）将参加在深圳证券交易所"互动易"平台举行的通 信行业上市公司 2024 年度集中路演活动，现将相关事项公告如下： 一、路演活动安排 1、活动主题：通信智连新突破 2、活动时间：2024 年 9 月 25 日（星期三）15：00—17：00 3、召开方式：深交所互动易"云访谈" 4、参会人员：董事长陈智松、董事会秘书余菲菲、证券事务代 表谢易珊。 ...

公司报告 | 公司点评 | --- | --- | --- | |-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|---------------------------------------------------|------------------------------------------------------------------------------------------------------- ...

证券代码：300628 证券名称：亿联网络 公告编号：2024-052 厦门亿联网络技术股份有限公司 2024 年半年度权益分派实施公告 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。 特别提示： 1、厦门亿联网络技术股份有限公司（以下简称"公司"）2024 年 中期利润分配以实施权益分派方案时股权登记日的总股本扣减公司 回购专用证券账户中的股份为基数，向全体股东每 10 股派发现金红 利人民币 6.00 元（含税）。 2、本次权益分派实施后，按公司总股本折算每 10 股现金分红比 例及除权除息参考价如下：按公司总股本折算每 10 股现金分红=实际 现金分红总额÷总股本（含回购股份）×10 股=757,476,384 元÷ 1,263,815,202股×10股=5.993569元（保留六位小数，不四舍五入）； 除权除息参考价格=股权登记日（2024 年 9 月 25 日）收盘价- 0.5993569 元/股。 公司 2024 年半年度权益分派方案已获 2024 年 9 月 11 日召开的 2024 年第一次临时股东大会审议通过，现将权益分派事宜公告如下： 一、 ...

证券代码：300628 证券名称：亿联网络 公告编号：2024-051 厦门亿联网络技术股份有限公司 2024 年第一次临时股东大会决议公告 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。 特别提示： 1、本次股东大会未出现否决议案的情形； 2、本次股东大会不涉及变更以往股东大会已通过的决议。 一、 会议召开和出席情况 （一）会议召开情况 1、会议召集人：公司董事会。 2、会议方式：本次股东大会所采用的表决方式是现场表决与网 络投票相结合的方式。 3、会议召开日期和时间： （1）现场会议：2024 年 9 月 11 日（星期三）15:00 （2）网络投票：通过深圳证券交易所系统进行网络投票的具体 时间为 2024 年 9 月 11 日上午 9:15-9:25、9:30-11:30，下午 13:00- 15：00；通过深圳证券交易所互联网投票系统进行网络投票的具体时 间为 2024 年 9 月 11 日 9:15-15:00 的任意时间。 4、现场会议召开地点：福建省厦门市湖里区护安路 666 号，亿 联总部大楼十楼董事会议室。 5、现场会议主持人：董事长陈智松 ...

关于厦门亿联网络技术股份有限公司 2024 年第一次临时股东大会的 法 律 意 见 书 福建至理律师事务所 地址：福州市鼓楼区洪山园路华润万象城三期 TB#写字楼 22 层 邮政编码：350025 电话：（86 591）88065558 网址：http://www.zenithlawyer.com 1 福建至理律师事务所 关于厦门亿联网络技术股份有限公司 2024 年第一次临时股东大会的法律意见书 闽理非诉字[2024]第 183 号 致：厦门亿联网络技术股份有限公司 福建至理律师事务所（以下简称"本所"）接受厦门亿联网络技术股份有 限公司（以下简称"公司"）之委托，指派魏吓虹、陈宓律师出席公司 2024 年 第一次临时股东大会（以下简称"本次大会"），并依据《中华人民共和国公司 法》（以下简称《公司法》）、《中华人民共和国证券法》（以下简称《证券法》）、 《上市公司股东大会规则（2022年修订）》（以下简称《股东大会规则》）、《深圳 证券交易所上市公司股东大会网络投票实施细则（2020 年修订）》（以下简称 《网络投票实施细则》）等有关法律、法规、规范性文件以及《公司章程》之规 定出具法律意见。 一、本次大 ...

Investment Rating - The report maintains a "Buy" rating for the company [5][3]. Core Views - The company's performance in the first half of 2024 met expectations, with revenue of 2.67 billion yuan, a year-on-year increase of 31%, and a net profit attributable to shareholders of 1.36 billion yuan, up 32% year-on-year [1]. - The company plans to increase cash dividends, distributing 6 yuan per 10 shares, totaling 757 million yuan, to share its operational success with investors [2]. - The company has a strong growth outlook, with significant potential in its second and third business segments due to new product launches [2]. Financial Performance - For Q2 2024, the company achieved revenue of 1.5 billion yuan, a 30% year-on-year increase, and a net profit of 790 million yuan, up 31% year-on-year [1]. - The desktop communication terminal segment generated revenue of 1.51 billion yuan, a 20% increase, while the conference product segment saw revenue of 950 million yuan, a 51% increase [2]. - The company expects net profits for 2024, 2025, and 2026 to be 2.5 billion yuan, 2.86 billion yuan, and 3.43 billion yuan, respectively, with corresponding P/E ratios of 16, 14, and 12 [3]. Product Segments - The desktop communication terminal accounted for 56.6% of total revenue, with a gross margin of 66.9% [2]. - The conference product segment, which has a lower market share, is expected to maintain high growth due to increasing hybrid work demands and improved product penetration [2]. - The cloud office terminal segment generated 200 million yuan in revenue, reflecting a 29% year-on-year increase, with ongoing expansion in product offerings [2]. Future Outlook - The company plans to launch several new products in the second half of the year, including professional audio-visual conference tablets and smart conference terminals [2]. - The long-term competitive advantages and stable operations suggest a promising growth trajectory for the company [3].