Group 1: Company Performance and Market Position - The company expects stable order growth in Q4, primarily driven by the high-reliability market, with tantalum capacitors as the main revenue source [3] - The aerospace sector remains the largest customer, while the fastest growth is observed in the aerospace field [3][4] - The company aims to maintain its leading position in the tantalum capacitor market while focusing on expanding MLCC, SLCC, and power module products [5] Group 2: Product Development and Competitive Edge - The company has been developing MLCC products since 2014, targeting the high-reliability market, and has seen significant growth in recent years [4] - New subsidiaries have shown notable performance growth, particularly in high-reliability fields, contributing to the company's ongoing development [4] - The company plans to leverage its existing advantages in qualifications, R&D, and marketing to enhance market share in high-reliability sectors [5] Group 3: Future Strategies and Market Opportunities - The company is committed to increasing investment in new products and expanding production capacity to improve market competitiveness [4][5] - There is a focus on enhancing technological capabilities and production consistency to meet market demands [5] - The goal is to evolve into a diversified group capable of providing comprehensive electronic component solutions [5]

证券代码：300726 证券简称：宏达电子 株洲宏达电子股份有限公司 投资者关系活动记录表 编号：JL-2020-036 | --- | --- | |----------------|-------------------------------------------| | | £ 特定对象调研 £分析师会议 | | 投资者关系活动 | £ 媒体采访 £ 业绩说明会 | | 类别 | £ 新闻发布会 £路演活动 £ 现场参观 | | | √其他 兴业证券年度策略会 | | 参与单位名称及 | 兴业证券 石康、李博彦、黄 艳 | | 人员姓名 | 东吴基金 刘浩宇、王 瑞、丁 戈、张浩佳 | | | 博道基金 龚耀民 | | | 华安基金 舒 灏 | | | 华安财保 李 阳 | | | 宝盈基金 陈金伟 | | | 淳厚基金 杨煜城 | | | 长信基金 齐 菲、梁 浩 | | | 中银国际证券 张立新 | | | 海富通基金 谈必成 | | | 兴银基金 高 鹏 | | --- | --- | |----------------|------------------------------------- ...

证券代码：300726 证券简称：宏达电子 株洲宏达电子股份有限公司 投资者关系活动记录表 编号：JL-2020-037 | --- | --- | --- | |----------------|---------------------------|--------------------------------------------| | | | | | | £ 特定对象调研 | £分析师会议 | | 投资者关系活动 | £ 媒体采访 £ | 业绩说明会 | | 类别 | £ 新闻发布会 £路演活动 | £ 现场参观 | | | √其他 中信证券 | 2021 年资本市场年会 | | | 中信证券 陈卓 | | | | 广发资管 | 真怡 南方基金 王博 南方天辰 魏子钦 | | | 招商基金 | 高岩 明达资产 原恩泽 华宝基金 刘世昌 | | 参与单位名称及 | 拾贝投资 | 季语 泓德基金 刘力思 相龙投资 刘丽霞 | | 人员姓名 | 碧云资本 | 高新宇 磐泽资产 熊威明 山石基金 许进财 | | | 广金投资 | 柳杨 尚诚资产 杜新正 安信基金 王渊锋 | | | 上海人寿保险 | 刘俊 ...

Group 1: Company Overview - Hongda Electronics is a high-tech enterprise specializing in the R&D, production, and sales of electronic components and circuit modules, with over 20 years of experience in the industry [3] - The company has advanced production lines and holds multiple core technologies and patents, making it a leader in the domestic high-reliability tantalum capacitor market [3][4] Group 2: Financial Performance - In the first three quarters of 2020, the company achieved a revenue of 937 million CNY, a year-on-year increase of 49.03%, and a net profit of 336 million CNY, up 39.99% [4] - The third quarter alone saw a revenue of 417 million CNY, representing an 84.76% increase year-on-year, with a net profit of 145 million CNY, up 143.04% [4] Group 3: Business Growth Drivers - The growth in revenue is attributed to the simultaneous increase in high-reliability products and civilian products, driven by rising domestic demand due to trade disputes [4][5] - Tantalum capacitors saw an increase of over 25%, while non-tantalum capacitors experienced growth exceeding 100% [5] Group 4: Market Focus and Clientele - The primary revenue sources are from high-reliability sectors, particularly aerospace, electronics, and radar systems, with the aerospace sector being the largest client [6] - The fastest growth in revenue and orders is observed in the aerospace sector, indicating a shift in focus towards this area [6] Group 5: Product Development and Strategy - The company has expanded its product range from tantalum capacitors to other electronic components and power modules since 2014, leveraging an open platform development model [7][8] - The revenue contribution from subsidiaries producing MLCC and power modules has exceeded 30% of total revenue, indicating a successful diversification strategy [8] Group 6: Future Outlook - The company plans to maintain its leading position in the high-reliability tantalum capacitor market while investing in MLCC, SLCC, and power module products [9][10] - The shift towards domestic production due to international supply chain disruptions presents opportunities for growth in civilian product sectors, particularly in communications, automotive electronics, and IoT [10]

Company Overview - Hongda Electronics is a high-tech enterprise specializing in the R&D, production, and sales of electronic components and circuit modules, with over 20 years of experience in the industry [2][3] - The company has advanced production lines and holds multiple core technologies and patents, making it a leader in the domestic high-reliability tantalum capacitor market [3] Financial Performance - In the first three quarters of 2020, the company achieved a revenue of 937 million CNY, representing a year-on-year growth of 49.03% [3] - The net profit attributable to shareholders was 336 million CNY, with a year-on-year increase of 39.99% [3] - The third quarter alone saw a revenue of 145 million CNY, marking a significant year-on-year growth [4] Customer Structure and Market Demand - The main customer segments include aerospace, electronics, and military sectors, with the aerospace sector being the largest contributor to revenue [4] - The fastest growth in revenue and orders is observed in the aerospace sector [4] Business Expansion and Subsidiaries - The company has expanded its product line beyond tantalum capacitors to include MLCC, SLCC, and power modules, with subsidiaries like Guantao Electronics and Hongwei Electronics showing significant growth [5][6] - Revenue from subsidiary products now accounts for over 30% of total company revenue, indicating a shift in growth drivers [5] Future Development Strategy - The company plans to maintain its leading position in high-reliability tantalum capacitors while investing in MLCC, SLCC, and power module products [6][7] - The focus will also be on expanding into civilian product markets, particularly in telecommunications, automotive electronics, and IoT [7] Production Capacity and Cash Flow - The company has a flexible production capacity model, with ongoing projects aimed at enhancing production capabilities for civilian products [8] - The cash flow is currently low due to long payment cycles in the high-reliability sector, but this has not adversely affected operations [8] New Product Development - Key new products include multilayer ceramic capacitors, power modules, and high-power density power products, with significant investments planned to enhance production capacity and market presence [9][10] Competitive Advantages - The company has established a strong sales network and technical expertise, with over 2,000 customers, positioning it favorably against competitors [10] - The strategy includes leveraging existing advantages to provide comprehensive electronic component solutions rather than just individual products [10]

Company Overview - Hongda Electronics is a high-tech enterprise specializing in the R&D, production, and sales of electronic components and circuit modules, with over 20 years of experience in the industry [3] - The company has more than ten advanced production lines for electronic components and circuit modules, including seven high-reliability production lines, and holds multiple core technologies and patents [3] Product Range - The product portfolio includes tantalum capacitors, multilayer ceramic capacitors, thin film capacitors, aluminum capacitors, inductors, transformers, resistors, microwave components, and power modules [3] - Revenue from products contributes over 30% to the company's total revenue, becoming a new growth driver [6] Order and Delivery Cycle - The order delivery and payment cycle is generally around 12 months, influenced by customer inspection and acceptance processes [4] - The company operates on a make-to-order basis due to the small batch and multiple batch characteristics of high-reliability electronic components [4] Subsidiary Development - Since 2014, the company has adopted an open platform development model, enhancing collaboration with domestic and international technical teams [5] - Major subsidiaries include Guantao Electronics (MLCC production) and Hongwei Electronics (power module production), both showing significant growth in recent years [5] Market Strategy - The company aims to expand its market share in high-reliability fields by leveraging existing advantages in qualifications, R&D, and marketing [6] - Future product development will focus on high-end and differentiated technologies, with an emphasis on providing comprehensive solutions rather than just individual components [7] Future Plans - The company plans to scale up production of consumer products, with the Xiangjun Electronics project set to launch mass production of consumer-grade tantalum capacitors [8] - Continued investment in 5G communication and sensor fields is anticipated to enhance market competitiveness [8]

Financial Performance - In 2020, the company achieved operating revenue of 1.4 billion CNY, a year-on-year increase of 65.97% [2] - The net profit attributable to shareholders was 484 million CNY, up 65.12% year-on-year [2] - Revenue from high-reliability tantalum capacitors grew approximately 43%, while civilian tantalum capacitors saw nearly 100% growth [2][3] - Non-tantalum capacitors and new products from subsidiaries generated about 540 million CNY in revenue, a year-on-year increase of approximately 121%, accounting for 38.8% of total revenue [2] Business Growth Drivers - The growth was driven by two main factors: completion of projects under the "13th Five-Year Plan" and increased demand for high-reliability market orders due to international geopolitical tensions [2] - The pandemic disrupted global electronic component supply chains, leading to a rapid increase in domestic demand for civilian electronic components [2] Product Performance - Revenue from microcircuit modules increased by 109.43% year-on-year, while ceramic capacitors grew by 62.19%, becoming new growth drivers for the company [3] - The company is focusing on diversifying its product offerings, with non-tantalum products accounting for 38.8% of total revenue [3] Market Position and Strategy - The company aims to establish itself as a leading high-reliability electronic group with core technologies and significant influence [3] - Plans to enhance operational capabilities and improve capital efficiency to support entrepreneurial ventures and innovative businesses [3] Production and Capacity - The company has strategic plans for capacity construction based on actual development needs, with ongoing projects for civilian tantalum capacitor production [4][5] - The production of high-reliability products is characterized by small batch and multiple batches, allowing for flexible capacity adjustments [4]

Company Overview - Hongda Electronics is a high-tech enterprise specializing in the R&D, production, and sales of electronic components and circuit modules, with over 20 years of experience in the industry [2] - The company operates more than ten advanced production lines for electronic components and circuit modules, including seven high-reliability standard lines, and holds multiple core technologies and patents in the field of high-reliability tantalum capacitors [2] Financial Performance - Business revenue accounts for nearly 30% of the company's total operating income, with a doubling trend in overall orders for non-tantalum capacitors in 2020, particularly for MLCC products which saw an increase of over 70% [3] - The company's tantalum capacitor business maintained a growth rate of approximately 35%-40% in 2020, while non-tantalum capacitor products are in a rapid development phase with overall orders also showing a doubling trend [4] Future Outlook - The company plans to continue investing in new products and expanding production capacity to enhance market share and competitiveness in new product areas [3] - Current capacity planning is based on actual development needs, with two ongoing capacity construction projects expected to significantly boost production capabilities for civilian tantalum capacitors and other products by the second half of 2021 [4] Market Conditions - The civilian tantalum capacitor market experienced a near doubling in performance in 2020 due to increased domestic substitution demand and price hikes caused by the global pandemic [4] - Prices for high-reliability products are stable, while civilian product prices have risen due to supply shortages; however, prices are expected to stabilize as international suppliers resume production [5]

证券代码：300726 证券简称：宏达电子 株洲宏达电子股份有限公司 投资者关系活动记录表 编号：JL-2021-002 | --- | --- | |-----------------------|-----------------------------------------------------| | | | | | £ 特定对象调研 £分析师会议 | | 投资者关系活动 | £ 媒体采访 £ 业绩说明会 | | 类别 | £ 新闻发布会 £路演活动 £ 现场参观 | | | √ 其他 东吴证券 2020 年度业绩预告解读电话交流会 | | 参与单位名称及 | 东吴证券 王平阳、鲍娴颖 | | 人员姓名 | 等。 | | 时间 | 2021 年 1 月 19 日 16:00-17:00 | | 地点 | 电话会议 | | | | | 上市公司接待人 员姓名 | 证券事务代表 郑雁翔 | | 投资者关系活动 | 交流提问内容： | | 主要内容介绍 | 1、公司在新产品新业务上的发展模式主要是什么？公司在 | | --- | --- | |-------|----------------------- ...

编号：JL-2021-005 证券代码：300726 证券简称：宏达电子 株洲宏达电子股份有限公司 投资者关系活动记录表 | --- | --- | --- | |-------------------------|-------------------------------|--------------------------------------------------------------------------------------------------------------------------------------------| | | 特定对象调研 | 分析师会议 | | | 媒体采访 | 业绩说明会 | | 投资者关系活动 | 新闻发布会 | 路演活动 现场参观 | | 类别 | √ 其他 兴业证券 - | 宏达电子 2020 年报业绩交流会 | | | 中信证券 - | 宏达电子 2020 年报业绩交流会 | | 参与单位名称及 人员姓名 | | 兴业证券、中信证券、华泰证券、光大证券、广发证券、华商基 金、华夏基金、财通证券、景顺长城基金、泰康资产、华商基金、 诺安基金等机 ...