证券代码：300820 证券简称：英杰电气 公告编号：2024-080 四川英杰电气股份有限公司 关于与专业投资机构共同投资的公告 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。 一、与专业投资机构共同投资概述 （一）基金管理人、普通合伙人、执行事务合伙人的基本信息 公司名称：宁波盈峰股权投资基金管理有限公司 统一社会信用代码：91330206MA290XBD5Q 法定代表人：苏斌 企业类型：有限责任公司（自然人投资或控股） 注册地址：浙江省宁波市北仑区梅山七星路 88 号 1 幢 401 室 B 区 L0659 成立日期：2017 年 5 月 9 日 注册资本：10,000 万元 四川英杰电气股份有限公司（以下简称"公司"）于 2024 年 11 月 19 日与专业 投资机构宁波盈峰股权投资基金管理有限公司及其他有限合伙人德阳投控兴产投 资有限责任公司、四川华体照明科技股份有限公司签署了《珠海德盈嘉华启辰股 权投资合伙企业（有限合伙）合伙协议》，拟共同出资设立珠海德盈嘉华启辰股权 投资合伙企业（有限合伙）（以下简称"德盈启辰"或"合伙企业"，以工商登记 机关 ...

Group 1 - The core point of the article is that Yingjie Electric has successfully tested and delivered a 28MW thyristor hydrogen production rectifier power supply to a well-known domestic electrolyzer company [1] - The hydrogen production power supply utilizes advanced and reliable thyristor rectification technology, achieving high efficiency, high reliability, and low ripple output [1] - This technology perfectly matches the large-scale ALK hydrogen production cell [1]

英杰电气（ 300820） 公司点评 2024Q3 业绩符合预期，半导体射频电源稳步推进，引领国产替代 | --- | --- | --- | |------------------------------------------------|----------------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...

证券代码：300820 证券简称：英杰电气 公告编号：2024-079 四川英杰电气股份有限公司 四川英杰电气股份有限公司（以下简称"公司"）于 2024 年 4 月 11 日披露了 《关于董事、高级管理人员减持股份的预披露公告》（公告编号：2024-021），公司 董事兼副总经理陈金杰先生、副总经理崔连润先生、副总经理兼董事会秘书刘世伟 先生、财务总监张海涛女士计划在该公告披露之日起 15 个交易日后的 6 个月内以集 中竞价方式减持公司股份合计不超过 120,500 股（占公司当时总股本比例 0.0547%）。 公司于近日收到了陈金杰先生、崔连润先生、刘世伟先生、张海涛女士分别出 具的《关于股份减持计划期限届满暨实施情况的告知函》。截至本公告披露日，上 述减持计划期限已届满，现将具体情况公告如下： 一、股东减持情况 1、股东减持股份情况 截至本公告披露日，本次减持计划的实施期限已届满。刘世伟先生在公告的减 持计划实施期间内未通过任何方式减持公司股份，陈金杰先生、崔连润先生、张海 涛女士减持情况如下： | | | | | | | 减持均价 | 减持股数 | 减持股份占 公司目前总 | | --- | --- ...

证券代码：300820 证券简称：英杰电气 公告编号：2024-078 四川英杰电气股份有限公司 关于回购公司股份的进展公告 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。 四川英杰电气股份有限公司（以下简称"公司"或"本公司"）于 2024 年 7 月 9 日召开第五届董事会第十次会议、于 2024 年 7 月 25 日召开 2024 年第二次临 时股东大会，审议通过了《关于回购公司股份方案的议案》，同意公司使用自有资 金以集中竞价交易方式回购公司部分人民币普通股 A 股股份，用于后期实施员工 持股计划或者股权激励，回购的资金总额不低于人民币 5,000.00 万元（含本数） 且不超过人民币 10,000.00 万元（含本数），回购股份价格不超过 62.00 元/股（含 本数），回购股份的实施期限为自股东大会审议通过回购股份方案之日起 12 个月 内。具体内容详见公司于巨潮资讯网（http://www.cninfo.com.cn）披露的《关于回 购公司股份方案的公告》《回购报告书》。 根据《上市公司股份回购规则》《深圳证券交易所上市公司自律监管指引第 9 号 ...

Summary of Conference Call Notes Company and Industry Overview - The conference call discusses the performance of a company in the photovoltaic (PV) and semiconductor industries, focusing on their financial results for Q3 2024 and overall market conditions. Key Financial Metrics - Q3 2024 revenue reached 1.329 billion yuan, a year-on-year increase of 17.36% [1] - Net profit for the period was 317 million yuan, up 13.2% year-on-year [1] - Gross profit margin improved to 42%, compared to 37% in the previous year [7] - Cash flow increased significantly to 346 million yuan, up from a negative 47 million yuan last year [6] Revenue Breakdown by Industry - Revenue from the photovoltaic industry was 632 million yuan, accounting for 47.57% of total revenue [1] - Revenue from semiconductor and electronic materials was 293 million yuan, representing 22.08% of total revenue [1] - Other industries, including charging stations and energy storage, generated 424 million yuan, making up 30.39% of total revenue [1][2] Order Trends - Total orders for the first three quarters amounted to 1.42 billion yuan, a decrease of approximately 31.5% year-on-year, primarily due to a significant drop in orders from the photovoltaic sector [2] - Orders in the photovoltaic sector decreased by over 50% year-on-year [2] - Semiconductor materials orders increased by over 10% year-on-year, reaching 328 million yuan, with a 23% share of total orders [4] - The company has a backlog of orders totaling 3 billion yuan, with 2.35 billion yuan from the photovoltaic sector [4] Market Conditions - The domestic market remains sluggish, while overseas markets present opportunities for growth [3] - The company is actively pursuing overseas orders, particularly in the photovoltaic equipment sector [3] - The semiconductor industry is experiencing a slight recovery, with expectations for increased orders in the coming quarters [4][24] Challenges and Risks - The photovoltaic industry is facing a downturn, impacting order confirmations and revenue recognition [5][6] - The company is monitoring inventory levels, with inventory at 1.759 billion yuan and contract liabilities at 1.1 billion yuan, indicating a stable situation [2] - The company is cautious about the potential for bad debts and is assessing customer payment risks [9] R&D and Future Outlook - R&D expenses increased significantly, reaching over 100 million yuan, up from 97 million yuan last year, driven by a rise in R&D personnel [8][21] - The company is optimistic about future growth, particularly in the semiconductor and energy storage sectors, with plans to expand production capacity [12][34] - The company aims to achieve a revenue target of 5 billion yuan in the next few years, focusing on photovoltaic, energy storage, and overseas markets [34] Conclusion - The company is navigating a challenging market environment with a focus on maintaining growth through strategic overseas expansion and increased R&D investment. The outlook remains cautiously optimistic, with potential for recovery in the semiconductor sector and continued demand in energy storage and charging infrastructure.

Investment Rating - The report maintains a "Buy" rating for the company [2][4]. Core Views - The company's performance in Q3 2024 met expectations, with revenue of 1.25 billion yuan, a year-on-year increase of 7%, and a net profit of 1.25 billion yuan, up 7% year-on-year [1]. - The increase in gross margin is attributed to a higher proportion of high-margin semiconductor products, with a gross margin of 41.68% in Q3 2024, up 1.12 percentage points year-on-year [1]. - The company has seen significant growth in its RF power supply orders, exceeding the total order amount for the entire year of 2023 in the first half of 2024 [2]. Financial Summary - For the first three quarters of 2024, the company achieved revenue of 1.329 billion yuan, a year-on-year growth of 17.36%, and a net profit of 303 million yuan, up 8.27% year-on-year [1]. - The projected revenues for 2024-2026 are 2.27 billion yuan, 2.655 billion yuan, and 2.966 billion yuan, representing year-on-year growth rates of 28%, 17%, and 11.7% respectively [2]. - The projected net profits for the same period are 528 million yuan, 713 million yuan, and 820 million yuan, with growth rates of 22.4%, 35%, and 15% respectively [2]. - The company's current P/E ratios for 2024, 2025, and 2026 are 20.4, 15.1, and 13.1 respectively [2][3].

Financial Performance - In the first three quarters of 2024, the company achieved a revenue of 1.329 billion CNY, with a net profit of 317 million CNY, representing a year-on-year increase of 13.44% [1] - The gross profit margin for the first three quarters is approximately 42%, remaining stable compared to the previous year [4] - Cash flow for Q3 2024 reached 346 million CNY, showing an increase of over 800% year-on-year due to timely contract confirmations and cash recoveries [2] Revenue Composition - Revenue from the photovoltaic industry amounted to 632 million CNY, accounting for 47.55% of total revenue [1] - Revenue from the semiconductor and electronic materials sector was 293 million CNY, representing 22.05% of total revenue, with a year-on-year growth of over 10% [2] - Other industries, including charging piles and energy storage, contributed 404 million CNY, making up 30.40% of total revenue [1] Order Status - The total orders on hand as of September 30, 2024, were approximately 3 billion CNY, indicating a historically high level [2] - Orders in the photovoltaic sector have decreased significantly, with a year-on-year decline exceeding 50% [2] - The semiconductor sector's orders have increased, now accounting for over 20% of total orders, up from around 14% last year [4] Strategic Goals - The company aims to expand its revenue scale based on last year's revenue of 1.77 billion CNY, focusing on three key areas: the semiconductor power market, charging piles and energy storage, and overseas business [5] - The company plans to enter the top 100 private enterprises in Sichuan within the next 2-3 years, leveraging these three directions for growth [5] Market Recognition - The company received the "Growth Power Annual Enterprise Award" from a selection organized by First Financial, Ernst & Young, and Silicon Valley Asset Management, recognizing its outstanding growth potential in the A-share market [5]

Investment Rating - The report maintains an "Accumulate" rating for the company [1] Core Views - The company has shown steady revenue growth, with a 17.36% year-on-year increase in revenue for the first three quarters of 2024, reaching 1.329 billion yuan. The net profit attributable to shareholders for the same period was 303 million yuan, up 8.27% year-on-year [2] - The company's profitability is steadily improving, with a gross margin of 42.01% for the first three quarters of 2024, an increase of 2.59 percentage points year-on-year. The net profit margin was 23.89%, a slight decrease of 0.82 percentage points year-on-year [3] - The company is positioned as a leader in the domestic semiconductor power supply market, with increasing domestic substitution rates in photovoltaic and semiconductor products. The charging pile business is also expected to become a new growth driver [5] Revenue and Profit Forecast - The company is expected to achieve net profits of 5.3 billion yuan in 2024, 6.8 billion yuan in 2025, and 8.0 billion yuan in 2026, with corresponding P/E ratios of 21, 16, and 14 times [6]

国泰君安证券股份有限公司 关于四川英杰电气股份有限公司 使用部分暂时闲置募集资金进行现金管理的核查意见 国泰君安证券股份有限公司（以下简称"国泰君安"或"保荐人"）作为四 川英杰电气股份有限公司（以下简称"英杰电气"或"公司"）向特定对象发行 股票的保荐人，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》《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》及《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》等相关法律法规和规范性文件的有关规定，对英杰电气使用部分 暂时闲置募集资金进行现金管理事项进行了核查，核查情况及核查意见如下： 一、募集资金基本情况 上述募集资金到账情况已经信永中和会计师事务所（特殊普通合伙）审验， 并于 2023 年 8 月 11 日出具了《验资报告》（XYZH/2023CDAA3B0198）。 公司已对募集资金进行专户存储管理，并与存放募集资金的商业银行、保荐 人签订了《募集资金三方监管协议》，及对全资子公司实施募集资金投资项目的 相关专户与全资子公司、存放募集资金的商业银行、保荐人签订了《募集资金四 方监管协议》 ...