Financial Performance - The company's revenue for Q1 2025 was ¥487,285,341.81, representing an increase of 8.95% compared to ¥447,255,741.92 in the same period last year[6]. - Net profit attributable to shareholders was ¥15,774,967.63, up 7.63% from ¥14,656,739.13 year-on-year[6]. - Total operating revenue for the current period reached ¥487,285,341.81, an increase of 8.4% compared to ¥447,255,741.92 in the previous period[25]. - Net profit for the current period was ¥15,534,231.81, representing a 7.7% increase from ¥14,424,788.00 in the previous period[26]. - The profit attributable to the parent company's shareholders was ¥15,774,967.63, up from ¥14,656,739.13, indicating an increase of 7.6%[26]. - The company recorded a comprehensive income total of ¥15,438,397.44, compared to ¥9,638,996.99 in the previous period, marking a significant increase of 60.5%[27]. Cash Flow - The net cash flow from operating activities was -¥39,325,336.71, a decrease of 148.92% compared to ¥80,395,073.26 in the previous year[13]. - Cash received from sales of goods and services was ¥504,140,407.64, down from ¥569,204,969.70, a decline of 11.4%[29]. - Operating cash inflow totaled $553.2 million, a decrease from $601.3 million year-over-year[30]. - Net cash flow from operating activities was -$39.3 million, compared to $80.4 million in the previous year[30]. - Investment cash inflow reached $996.2 million, up from $772.1 million year-over-year[30]. - Net cash flow from investment activities was -$57.6 million, an improvement from -$932.2 million in the previous year[30]. - Financing cash inflow amounted to $100 million, down from $1.156 billion year-over-year[30]. - Net cash flow from financing activities was -$50.7 million, compared to $1.09 billion in the previous year[30]. - The ending cash and cash equivalents balance was $775.9 million, down from $1.018 billion year-over-year[30]. Assets and Liabilities - Total assets at the end of the reporting period were ¥4,226,030,602.17, down 3.41% from ¥4,375,170,470.01 at the end of the previous year[6]. - The total current assets amount to ¥2,921,020,818.95, down from ¥3,062,240,284.79, reflecting a decrease of about 4.6%[22]. - The total liabilities decreased to ¥2,921,020,818.95 from ¥3,062,240,284.79, reflecting a decrease of about 4.6%[22]. - The total liabilities decreased to ¥1,162,453,950.33 from ¥1,327,050,958.40, a reduction of approximately 12.4%[23]. - Total equity increased to ¥3,063,576,651.84 from ¥3,048,119,511.61, reflecting a growth of about 0.5%[23]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 52,103[18]. - The largest shareholder, Dongguan Wenfu Industrial Investment Co., Ltd., holds 27.75% of shares, totaling 105,600,000 shares[18]. Operational Costs - Total operating costs increased to ¥492,447,558.53, up 13.4% from ¥433,992,490.13 in the previous period, with operating costs specifically rising to ¥422,113,720.58, a 14% increase[25][26]. Research and Development - Research and development expenses remained stable at ¥28,790,034.81, slightly up from ¥28,778,217.30, indicating a focus on innovation[26]. Other Financial Metrics - The company received government subsidies amounting to ¥16,542,537.94, significantly contributing to other income[8]. - Financial expenses increased by 103.59% to ¥35,973.96 due to foreign exchange fluctuations[12]. - The company reported a significant increase in investment income, reaching ¥2,926,872.25, up 668.83% from a loss of ¥514,538.04 in the previous year[12]. - The company's accounts receivable increased to ¥418,012,058.06 from ¥401,832,879.44, representing a growth of about 4%[21]. - The inventory decreased to ¥406,911,193.63 from ¥488,456,512.88, a decline of approximately 16.7%[22]. - The total non-current assets are ¥1,305,009,783.22, slightly down from ¥1,312,930,185.22, a decrease of about 0.6%[22]. - The company's cash and cash equivalents decreased to ¥775,916,273.25 from ¥919,329,615.05, a decline of approximately 15.6%[21]. - The company has not yet audited the first quarter report for 2025[31]. - The new accounting standards will be implemented starting in 2025[31].

Core Viewpoint - The company, Jiahe Intelligent Technology Co., Ltd., has reported its annual results, highlighting its strategic partnerships and product diversification in the consumer electronics sector, particularly in audio and smart wearable devices [5][6]. Company Overview - Jiahe Intelligent focuses on the consumer electronics field, enhancing collaborations with top global brands in audio and smart wearables, leveraging its expertise in acoustic technology and signal processing [5]. - The company has established a diversified product portfolio, including TWS headphones, bone conduction headphones, wireless speakers, smartwatches, and smart glasses, while also investing in AI/AR glasses development [6]. Financial Highlights - The company has received a standard unqualified audit opinion from Tianzhi International Accounting Firm for its financial report [3]. - The profit distribution plan approved by the board includes a cash dividend of 1.2 yuan per 10 shares (tax included) [4]. - The company maintains a stable credit rating of A+ from Zhongzheng Pengyuan Credit Rating Co., Ltd. for its convertible bonds [8]. Shareholder Information - The report includes details on the number of ordinary shareholders and the top 10 shareholders, with specific mention of locked shares held by executives [7]. Important Matters - There have been no significant changes in the company's operational status during the reporting period, and all major events have been disclosed as per regulatory requirements [8].

Core Insights - Jiahe Intelligent (佳禾智能) reported a stable performance in its 2024 annual report, achieving a revenue of 2.467 billion yuan and a net profit of 41.32 million yuan, with a year-on-year increase in operating cash flow of 7.51% [1] - The company is focusing on a diversified product portfolio, including headphones, speakers, smartwatches, and smart glasses, while also expanding into new energy storage products [1] - The global headphone shipment is projected to grow, with China being a major growth driver, as Jiahe Intelligent's headphone revenue reached 1.906 billion yuan, marking a 2.23% increase [1] Business Strategy and Development - Jiahe Intelligent is actively entering the AI/AR sector, with a significant growth forecast for AI glasses, as global shipments are expected to surge by 210% in 2024 [2] - The company is implementing a "Five New" strategy focusing on new product development, technology application, component research, process iteration, and system integration to enhance its industry influence [2] - The company has established a collaborative R&D center with multiple specialized laboratories to support cross-domain technological innovation [2] Research and Innovation - Jiahe Intelligent invested 129 million yuan in R&D in 2024, reflecting a 3.41% increase, and holds 882 valid patents, including 106 invention patents in China [3] - The company is progressing in the AI/AR glasses sector, transitioning from smart audio glasses to advanced AI/AR glasses, with ongoing production of the INMO GO series [3] - Jiahe Intelligent is strengthening collaborations with upstream and downstream partners in the AI/AR glasses supply chain to provide efficient and intelligent solutions [3] Corporate Restructuring and Market Expansion - In March 2025, Jiahe Intelligent rebranded its subsidiary to Jiahe Yuanqi (佳禾元启) to focus on AI and AR, marking a strategic shift in its core business [4] - The establishment of Jiahe International in Singapore aims to enhance overseas market capabilities and mitigate risks from international economic fluctuations [4] - The company anticipates an increase in the market share of smart glasses, contributing to a second growth curve in performance and sustainable development [4]

一、主要会计数据和财务指标 | 报告期指标 | 2024年年报 | 2023年年报 | 本年比上年增减(%) | 2022年年报 | | --- | --- | --- | --- | --- | | 基本每股收益（元） | 0.1200 | 0.3900 | -69.23 | 0.5100 | | 每股净资产（元） | 7.91 | 7.4 | 6.89 | 7.2 | | 每股公积金(元) | 5.63 | 4.74 | 18.78 | 4.74 | | 每股未分配利润(元) | 1.30 | 1.51 | -13.91 | 1.30 | | 每股经营现金流(元) | - | - | - | - | | 营业收入(亿元) | 24.67 | 23.77 | 3.79 | 21.72 | | 净利润(亿元) | 0.41 | 1.33 | -69.17 | 1.74 | | 净资产收益率(%) | 1.61 | 5.37 | -70.02 | 7.39 | 数据四舍五入，查看更多财务数据>> 三、分红送配方案情况 10派1.2元(含税) | 名称 持有数量(万股) | | 占总股本比例 | 增减情况(万 | ...

佳禾智能科技股份有限公司 2024年度独立董事述职报告（万加富） 各位股东及股东代表： 本人作为佳禾智能科技股份有限公司（以下简称"公司"）的第三届董事会 独立董事，严格按照《中华人民共和国公司法》《中华人民共和国证券法》《深圳 证券交易所上市公司自律监管指引第2号——创业板上市公司规范运作》《公司章 程》等相关法律、法规和规章的规定，切实履行独立董事诚信勤勉的职责和义务， 积极出席相关会议，认真审议董事会各项议案，参与公司经营发展的讨论，充分 发挥独立董事的作用，对公司相关事项发表了公正、客观的独立意见，切实维护 了公司的规范化运作及全体股东尤其是中小股东的合法权益。现将2024年度工作 情况报告如下： 一、独立董事基本情况 本人万加富，1976年出生，中国国籍，无境外居留权，博士学历。曾任广东 机电职业技术学院助教、讲师、副教授，2014年至今任华南理工大学机械与汽车 工程学院副教授、教授。现任广东启创智能科技有限公司监事。2022年8月到今 任广东拓斯达科技股份有限公司独立董事。2023年3月至今任佳禾智能科技股份 有限公司独立董事。 经认真自查，任职期间，本人任职符合《上市公司独立董事管理办法》第六 ...

佳 禾 智 能 科 技 股 份 有 限 公 司 内部控制 审 计 报 告 天职业字 [ 2025]1 6125-1 号 目 录 内 部 控 制 审 计 报 告 1 三、内部控制的固有局限性 内部控制具有固有局限性，存在不能防止和发现错报的可能性。此外，由于情况的变化 可能导致内部控制变得不恰当，或对控制政策和程序遵循的程度降低，根据内部控制审计结 果推测未来内部控制的有效性具有一定风险。 内部控制审计报告 天职业字[2025]16125-1 号 佳禾智能科技股份有限公司全体股东： 按照《企业内部控制审计指引》及中国注册会计师执业准则的相关要求，我们审计了佳 禾智能科技股份有限公司（以下简称"贵公司"）2024 年 12 月 31 日的财务报告内部控制的有 效性。 一、企业对内部控制的责任 按照《企业内部控制基本规范》、《企业内部控制应用指引》、《企业内部控制评价指引》 的规定，建立健全和有效实施内部控制，并评价其有效性是贵公司董事会的责任。 二、注册会计师的责任 我们的责任是在实施审计工作的基础上，对财务报告内部控制的有效性发表审计意见， 并对注意到的非财务报告内部控制的重大缺陷进行披露。 （项目合伙人）： ...

招商证券股份有限公司 关于佳禾智能科技股份有限公司 招商证券股份有限公司（以下简称"招商证券"或"本保荐机构"） 作为佳禾智能科技 股份有限公司（以下简称"佳禾智能"或"公司"）2024 年度向不特定对象发行可转换公司债 券的保荐机构，根据《证券发行上市保荐业务管理办法》《深圳证券交易所创业板股票上市规 则》《上市公司监管指引第 2 号——上市公司募集资金管理和使用的监管要求》等有关规定， 对佳禾智能 2024 年度募集资金存放与使用情况进行了核查，并出具核查意见如下： 一、募集资金基本情况 （一）实际募集资金金额、资金到位时间 （1）2021 年向特定对象发行股票募集资金情况 根据中国证券监督管理委员会证监许可[2021]2846 号文核准，佳禾智能获准向特定对象发 行人民币普通股（"A 股"）70,000,000 股，每股面值人民币 1.00 元，每股发行价格为人民币 14.16 元，募集资金总额 991,200,000.00 元，扣除本次发行费用（不含税）人民币 15,168,038.83 元，募集资金净额为 976,031,961.17 元。上述募集资金经天职国际会计师事务所（特殊普通 合伙）出具的天 ...

佳 禾 智 能 科 技 股 份 有 限 公 司 审计报告 天职业字 [ 2025]1 6125 号 目 录 审计报告 1 2024 年度财务报表 5 2024 年度财务报表附注 17 审计报告 天职业字[2025]16125 号 佳禾智能科技股份有限公司全体股东： 一、审计意见 我们审计了佳禾智能科技股份有限公司（以下简称"佳禾智能"或"公司"）财务报表， 包括 2024 年 12 月 31 日的合并及母公司资产负债表，2024 年度的合并及母公司利润表、合 并及母公司现金流量表、合并及母公司所有者权益变动表，以及财务报表附注。 我们认为，后附的财务报表在所有重大方面按照企业会计准则的规定编制，公允反映了 佳禾智能 2024 年 12 月 31 日的合并及母公司财务状况以及 2024 年度的合并及母公司经营成 果和现金流量。 二、形成审计意见的基础 我们按照中国注册会计师审计准则的规定执行了审计工作。审计报告的"注册会计师对 财务报表审计的责任"部分进一步阐述了我们在这些准则下的责任。按照中国注册会计师职 业道德守则，我们独立于佳禾智能，并履行了职业道德方面的其他责任。我们相信，我们获 取的审计证据是充分、适 ...

佳禾智能科技股份有限公司 2024年度独立董事述职报告（王再升） 各位股东及股东代表： 本人作为佳禾智能科技股份有限公司（以下简称"公司"）的第三届董事会 独立董事，严格按照《中华人民共和国公司法》《中华人民共和国证券法》《深圳 证券交易所上市公司自律监管指引第2号——创业板上市公司规范运作》《公司章 程》等相关法律、法规和规章的规定，切实履行独立董事诚信勤勉的职责和义务， 积极出席相关会议，认真审议董事会各项议案，参与公司经营发展的讨论，充分 发挥独立董事的作用，对公司相关事项发表了公正、客观的独立意见，切实维护 了公司的规范化运作及全体股东尤其是中小股东的合法权益。现将2024年度工作 情况报告如下： 一、独立董事基本情况 本人王再升，1991年出生，中国国籍，无永久境外居留权，本科学历。2014 年任北京市大成（深圳）律师事务所律师助理；2015年至2017年任北京市竞天公 诚（深圳）律师事务所律师助理、律师，2017年至 2022年任北京市盈科（深圳） 律师事务所律师、合伙人律师，2022年至2023年任北京市安理（深圳）律师事务 所合伙人律师，2023年5月至今任北京市盈科（深圳）律师事务所律师。2 ...

佳禾智能科技股份有限公司 董事、监事及高级管理人员薪酬管理制度 佳禾智能科技股份有限公司 董事、监事及高级管理人员薪酬管理制度 第一章 总则 第一条 为进一步完善公司董事、监事与高级管理人员的薪酬管理，建立科学有效的激 励与约束机制，依据国家相关法律、法规及《佳禾智能科技股份有限公司章程》（以下 简称《公司章程》）等的规定，结合公司实际情况，特制定本制度。 第二条 适用本制度的董事、监事与高级管理人员，包括：公司董事、监事、总经理、 副总经理、董事会秘书、财务总监。 第三条 公司薪酬制度遵循以下原则： 1、竞争力原则：公司提供的薪酬与同行业、市场同等职位收入水平相比有竞争力； 2、按岗位确定薪酬原则：公司内部各岗位薪酬体现各岗位对公司的价值，薪酬与岗位 价值高低、承担责任大小相符，体现"责、权、利"的统一； 3、与公司年度效益、各董事、监事、高级管理人员成员分管工作考核目标完成相结合 的原则； 4、短期与长期激励相结合的原则，与公司持续健康发展的目标相符； 5、体现激励与约束并重、奖罚对等的原则，薪酬发放与考核挂钩、与奖惩挂钩； 6、董事、监事同时兼任公司具体职务的，以其所任具体岗位确定薪酬，适用于公司薪 酬 ...