关于境外设立子公司、孙公司的进展公告 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。 一、对外投资的基本情况 | 证券代码：300863 | 证券简称：卡倍亿 | 公告编号：2024-052 | | --- | --- | --- | | 债券代码：123238 | 债券简称：卡倍转02 | | 宁波卡倍亿电气技术股份有限公司 宁波卡倍亿电气技术股份有限公司（以下简称"公司"）于2024年1月12日召 开第三届董事会第十八次会议，审议通过了《关于公司在香港投资设立子公司及孙 公司的议案》、《关于公司在美国投资设立孙公司的议案》及《关于公司在墨西哥 对外投资设立孙公司的议案》，拟分别成立境外子公司、孙公司最终投资建设墨西 哥生产基地。上述事宜的具体情况详见公司于2024年1月15日在巨潮资讯网 （www.cninfo.com.cn）上披露的《关于境外设立子公司、孙公司的公告》（公告 编号2024-010）。 二、对外投资的进展情况 公司拟设立的境外相关子公司和孙公司已完成注册手续，公司于近日收到境外 相关子公司和孙公司的注册文件。境外相关子公司和孙公司的基本信息 ...

| | | 宁波卡倍亿电气技术股份有限公司 关于公司副总经理兼董事会秘书收到 中国证券监督管理委员会宁波监管局警示函的公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚 假记载、误导性陈述或重大遗漏。 一、《警示函》内容 "秦慈： 经查，你作为宁波卡倍亿电气技术股份有限公司(以下简称："卡倍亿"或 "公司")副总经理兼董事会秘书。于2024年4月12日买入"卡倍亿"1,000股, 成交金额39,550元。卡倍亿于2024年4月19日披露2023年年度报告，你买入"卡 倍亿"的行为发生在年度报告公告前30日内，违反了《上市公司董事、监事和 高级管理人员所持本公司股份及其变动管理规则（2022年修订）》第十二条第 一项的规定。 根据《中华人民共和国证券法》第一百七十条第二款的规定,我局决定对你 采取出具警示函的行政监管措施,并记入证券期货市场诚信档案。你应认真吸取 教训，加强证券法律法规学习,严格规范交易行为,杜绝此类违规行为再次发生， 并于收到本决定书之日起30日内向我局报送整改报告。 如果对本监督管理措施不服,可以在收到本决定书之日起60日内向中国证券 1 监督管理委员会提出行政复议申请, ...

| 证券代码：300863 | 证券简称：卡倍亿 | 公告编号：2024-050 | | --- | --- | --- | | 债券代码：123238 | 债券简称：卡倍转 02 | | 宁波卡倍亿电气技术股份有限公司 2023 年度股东大会决议公告 本公司及董事会全体成员保证信息披露的内容真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 特别提示 1、 本次股东大会不存在否决议案的情形。 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 1、 召开时间：2024 年 5 月 10 日（星期五）10:00 2、 召开地点：浙江省宁海县桥头胡汶溪周工业区宁波卡倍亿电气技术股份 有限公司四楼会议室 3、 召开方式：现场结合网络 4、 召集人：董事会 5、 主持人：董事长林光耀先生 6、 本次会议的召集、召开符合《中华人民共和国公司法》、《上市公司股 东大会规则》、《深圳证券交易所创业板股票上市规则》等有关法律、行政法规、 部门规章、规范性文件和《宁波卡倍亿电气技术股份有限公司章程》的有关规定。 二、会议出席情况 本次股东大会采用现场投票与网络投票相结合的表决方式对以下议案进 ...

上海市锦天城律师事务所 关于宁波卡倍亿电气技术股份有限公司 2023 年年度股东大会的 法律意见书 地址：上海市浦东新区银城中路 501 号上海中心大厦 9、11、12 层 电话：021-20511000 传真：021-20511999 邮编：200120 上海市锦天城律师事务所 法律意见书 上海市锦天城律师事务所 关于宁波卡倍亿电气技术股份有限公司 2023 年年度股东大会的法律意见书 致：宁波卡倍亿电气技术股份有限公司 上海市锦天城律师事务所（以下简称"本所"）接受宁波卡倍亿电气技术股 份有限公司（以下简称"公司"）委托，就公司召开 2023 年年度股东大会（以 下简称"本次股东大会"）的有关事宜，根据《中华人民共和国公司法》（以下 简称《公司法》）、《上市公司股东大会规则》等法律、法规和其他规范性文件 以及《宁波卡倍亿电气技术股份有限公司章程》（以下简称《公司章程》）的有 关规定，出具本法律意见书。 为出具本法律意见书，本所及本所律师依据《律师事务所从事证券法律业务 管理办法》和《律师事务所证券法律业务执业规则》等规定，严格履行了法定职 责，遵循了勤勉尽责和诚实信用原则，对本次股东大会所涉及的相关事项进 ...

| 证券代码：300863 | 证券简称：卡倍亿 | 公告编号：2024-049 | | --- | --- | --- | | 债券代码：123238 | 债券简称：卡倍转02 | | 宁波卡倍亿电气技术股份有限公司 回购报告书 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： 1、宁波卡倍亿电气技术股份有限公司（以下简称"公司"）拟使用自有 资金或自筹资金以集中竞价交易方式回购公司已发行的人民币普通股（A股） 股票（以下简称"本次回购"），本次回购的股份拟用于转换公司发行的可转 换债券。公司如未能在股份回购实施完成之后36个月内使用完毕已回购股份， 尚未使用的已回购股份将予以注销。 2、本次回购拟使用自有资金不低于人民币7,000万元（含）且不超过人民 币10,000万元（含），回购价格不超过60.00元/股（含）。按照回购股份价格 上限60元/股（含）计算，预计回购股份数量为116.67万股至166.67万股，占 公司目前总股本比例的1.31%至1.88%。本次回购的实施期限为自公司董事会审 议通过本次回购方案之日起的3个月内。 3、本次回 ...

| 证券代码：300863 | 证券简称：卡倍亿 | 公告编号：2024-048 | | --- | --- | --- | | 债券代码：123238 | 债券简称：卡倍转02 | | 宁波卡倍亿电气技术股份有限公司 关于回购股份事项前十名股东和前十名无限售条件 股东持股情况的公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整， 没有虚假记载、误导性陈述或重大遗漏。 宁波卡倍亿电气技术股份有限公司(以下简称"公司")于2024年4月25日 召开第三届董事会第二十四次会议，审议通过了《关于回购公司股份方案的议 案》。公司拟以自有资金不低于人民币7,000万元、不高于人民币10,000万元 回购公司股份，回购价格不超过60元/股（含），预计回购股份数量为116.67 万股至166.67万股，占公司总股本比例为1.31%至1.88%。本次回购的具体回购 股份数量以回购期限届满或回购实施完成时实际回购的股份数量为准。本次回 购股份的用途为转换公司发行的可转换债券，回购期限自公司董事会审议通过 本次回购方案之日起的3个月内。 具体内容详见公司于2024年4月26日在巨潮资讯网披露的《关于回购公司 股份方案 ...

宁波卡倍亿电气技术股份有限公司 2024 年第一季度报告 | 证券代码：300863 | 证券简称：卡倍亿 | | 公告编号：2024-046 | | --- | --- | --- | --- | | 债券代码：123238 | 债券简称：卡倍转 | 02 | | 2.公司负责人、主管会计工作负责人及会计机构负责人(会计主管人员)声明：保证季度报告中财务信息的真实、准确、 完整。 3.第一季度报告是否经过审计 □是 ☑否 1 宁波卡倍亿电气技术股份有限公司 2024 年第一季度报告 宁波卡倍亿电气技术股份有限公司 2024 年第一季度报告 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： 1.董事会、监事会及董事、监事、高级管理人员保证季度报告的真实、准确、完整，不存在虚假记载、误导性陈述或重 大遗漏，并承担个别和连带的法律责任。 一、主要财务数据 （一） 主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 □是 ☑否 | | 本报告期 | 上年同期 | 本报告期比上年同期增减 | | --- | --- | --- | --- | ...

证券研究报告 公司研究 公司点评报告 卡倍亿(300863) 投资评级 买入 上次评级 买入 陆嘉敏 汽车行业首席分析师 执业编号：S1500522060001 联系电话：13816900611 邮 箱：lujiamin@cindas.com 信达证券股份有限公司 CINDA SECURITIES CO.,LTD 北京市西城区闹市口大街9号院1号楼 邮编：100031 2024 年 04 月 25 日 点评： 盈利预测与投资评级：我们预测公司 2024 年-2026 年归母净利润为 2.0 亿元、2.5 亿元、3.0 亿元，同比增长 21.7%、23.5%、20.5%，对应 PE 为 19/15/13 倍，维持"买入"评级。 | --- | --- | --- | --- | --- | --- | |--------------------------------------|---------------|---------------|---------------|---------------|-------------| | 重要财务指标 营业总收入 ( 百万元 ) | 2022A 2,948 | ...

[Table_Title] 内卷当前聚焦高质量，出海潮头开拓新空间 4 月 18 日，卡倍亿发布 2023 年度报告，2023 年全年公司实现营收 34.52 亿元，同比+17.08%；实现净利润 1.66 亿元，同比+18.49%；扣非后归母 净利润 1.58 亿元，同比+11.41%。 2023 年公司线缆整体销售量 625.82 万公里，同比+20.24%；其中新能源线 21.79 万公里，同比-6.23%。对应 2023 年新能源线平均单价 1525.11 元/公 里，较 2022 年提升约 105 元/公里。公司在新能源车快速增长但相对内卷 的行业背景下主动选择质高于量的发展策略，稳步推进业务提升。同时毛利 率、净利率、资产周转率分别达到 12.40%\4.81%\1.33x，分别较 2022 年 提升 0.38pct、0.06pct 和 0.03x。资产负债率 57.03%，较 2022 年下行 9.95 pct，高质量发展特征显现。 2024 年 1 月 12 日公司召开第三届董事会第十八次会议，决议以投资不超 过 2500 万美元在墨西哥投资设立墨西哥卡倍亿工业有限公司、墨西哥卡倍 亿电气有限 ...

Subsidiary Performance - The subsidiary Shanghai Kabeyi New Energy Technology Co., Ltd. achieved a total revenue of 589,682,345.91 yuan and a net profit of 8,415,060.23 yuan[6] - The subsidiary Benxi Kabeyi Electrical Technology Co., Ltd. achieved a total revenue of 1,407,346,870.04 yuan and a net profit of 47,425,096.74 yuan[10] - The subsidiary Ningbo Kabeyi New Material Technology Co., Ltd. achieved a total revenue of 161,728,002.98 yuan and a net profit of 27,470,230.83 yuan[10] - The subsidiary Kabeyi Electrical (Hong Kong) Co., Ltd. achieved a total revenue of 143,784,249.25 yuan and a net profit of 6,572,606.43 yuan[10] - The subsidiary Chengdu Kabeyi Automotive Electrical Co., Ltd. achieved a total revenue of 325,010,095.76 yuan and a net profit of 5,335,279.02 yuan[10] Financial Performance - Revenue for 2023 reached 3.45 billion yuan, a 17.08% increase compared to 2022[103] - Net profit attributable to shareholders in 2023 was 165.94 million yuan, up 18.49% year-on-year[103] - Operating cash flow surged by 384.53% to 51.21 million yuan in 2023[103] - Total assets grew by 18.07% to 2.82 billion yuan at the end of 2023[103] - Shareholders' equity increased by 53.65% to 1.21 billion yuan by the end of 2023[103] - Basic earnings per share rose by 12.43% to 1.90 yuan in 2023[103] - Weighted average ROE decreased by 3.77 percentage points to 15.60% in 2023[103] - Revenue for the reporting period reached 3,451.93 million yuan, a year-on-year increase of 17.08%[146] - Net profit attributable to shareholders of the listed company was 165.94 million yuan, a year-on-year increase of 18.49%[146] - Total assets at the end of the reporting period were 2,816.36 million yuan, a year-on-year increase of 18.07%[146] - Total revenue for 2023 reached 3,451,930,657.35 yuan, a year-on-year increase of 17.08%[180] - Revenue from the automotive parts industry accounted for 95.74% of total revenue, reaching 3,304,971,680.76 yuan, a 16.32% increase compared to 2022[180] - Domestic sales accounted for 91.08% of total revenue, reaching 3,143,942,666.62 yuan, a 19.45% increase year-on-year[180] - Sales of ordinary cables increased by 18.30% to 2,963,218,129.98 yuan, accounting for 85.84% of total revenue[180] - Sales of new energy cables grew slightly by 0.71% to 332,382,790.67 yuan, accounting for 9.63% of total revenue[180] Production and Sales - The company's production volume for automotive cables in the reporting period was 6,131,654.08 kilometers, a 17.25% increase compared to the same period last year[38] - Sales volume for automotive cables in the reporting period was 6,258,214.15 kilometers, a 20.24% increase compared to the same period last year[38] - Production volume for new energy vehicle cables in the reporting period was 226,189.22 kilometers, a 6.91% decrease compared to the same period last year[38] - Sales volume for new energy vehicle cables in the reporting period was 217,940.08 kilometers, a 6.23% decrease compared to the same period last year[38] - The company's new energy vehicle cable production capacity is 513,474.67 kilometers, with a production volume of 226,189.22 kilometers and sales volume of 217,940.08 kilometers, generating sales revenue of 332,382,790.67 yuan[92] - Inventory volume decreased by 33.12% to 255,590.22 kilometers due to improved inventory management and increased sales[183] Strategic Focus and R&D - The company plans to focus on the automotive cable industry, with a particular emphasis on new energy vehicles and smart connected vehicles[12] - The company will increase R&D investment in 2024, focusing on developing new products such as data cables, aluminum cables, and new energy high-voltage cables[15] - The company will expand its market share by targeting new customers in the new energy vehicle and smart connected vehicle sectors, and will enhance production capacity at domestic bases while advancing the construction of a production base in Mexico[16] - The company increased R&D investment to enhance competitiveness in the automotive cable market, focusing on new energy and smart connected vehicle cables[177] - The company is developing 14 R&D projects, including cost reduction for charging cables and low-cost fast-charging solutions, with some projects already completed[196] Market and Customer Relations - The company's sales model is direct sales, primarily supplying to tier-1 suppliers of automotive harness manufacturers[31] - The company has become a qualified supplier for multiple major automakers including Volkswagen, General Motors, Ford, BMW, Daimler-Benz, Honda, Toyota, Nissan, Fiat-Chrysler, Volvo, Land Rover, SAIC Group, GAC Group, and Geely Holding[31] - The company has entered the supply chain of major automotive manufacturers including Tesla, BYD, and Geely in the new energy vehicle sector[92] - Top 5 customers accounted for 64.41% of total annual sales, with a combined sales amount of RMB 2,223,486,159.27[186] Financial Structure and Risk Management - The company will optimize its financial structure, improve asset scale, and reduce financial risks by leveraging capital market financing and bank credit resources[19] - The company's asset-liability ratio, interest coverage ratio, loan repayment rate, and interest payment rate are detailed in the bond-related section of the report[84] - The company's credit rating by China Chengxin Credit Rating Group is A+ with a stable outlook[84] - The company faces risks related to product technological innovation, particularly in meeting the increasing performance requirements for automotive cables in the context of new energy and smart connected vehicles[51] - The company's main raw material, copper, accounts for approximately 85% of the main business cost, and its price fluctuations directly impact product pricing and cost, affecting the company's product gross margin level[58] - The company's top five customers account for a high proportion of sales, leading to low bargaining power with customers and potential negative impacts on performance if major customers are lost[61] - The company faces a risk of declining gross margins due to fluctuations in copper prices, which directly impact product prices and costs, while processing fees remain relatively fixed[128] - The company's inventory balance is expected to increase with business expansion, posing potential inventory devaluation risks[102] Corporate Governance and Remuneration - The company's board consists of 7 directors, including 3 independent directors, ensuring compliance with legal and regulatory requirements[138] - The company maintains independence in business, personnel, assets, and finance, with no reliance on controlling shareholders or related parties[142] - The company has a complete business system, including production facilities, land, equipment, and intellectual property rights, ensuring independent operations[142] - The company's governance structure complies with regulatory requirements, with no significant differences from legal and regulatory standards[141] - The company's Chairman and General Manager, Lin Guangyao, received a pre-tax remuneration of 1.1611 million yuan in 2023[165] - The company's Vice President, Lin Qiang, received a pre-tax remuneration of 1.0293 million yuan in 2023[165] - The company's Vice President and Board Secretary, Qin Ci, received a pre-tax remuneration of 587,500 yuan in 2023[165] - The company's total pre-tax remuneration for directors, supervisors, and senior management in 2023 was 4.8613 million yuan[165] - The company's independent directors each received a remuneration of 50,000 yuan in 2023[165] - The company's Board of Directors held four meetings in 2023, with resolutions published on the official website[160] - The company's directors, supervisors, and senior management received full payment of their remuneration during the reporting period[159] - The company's remuneration for directors, supervisors, and senior management is determined based on their management positions, actual performance, and company operating results[159] - The company's independent directors' remuneration standards are referenced to the overall level of listed companies in the same industry in the region[159] - The company's remuneration for directors, supervisors, and senior management is determined and distributed according to the company's "Board of Directors Remuneration and Assessment Committee Rules"[164] Fundraising and Capital Management - The unused raised funds amount to 33,112,869.66 yuan, including interest income from the raised funds account[2] - The company issued convertible bonds (code: 123238) with a total issuance amount of RMB 529 million, and the initial conversion price was set at RMB 49.01 per share[78] - The company adjusted the conversion price of the convertible bonds to RMB 41.43 per share, effective from March 28, 2024, due to a trigger of the downward revision condition[82] - The company pre-invested RMB 139.9862 million in self-raised funds for the fundraising projects and RMB 3.7024 million for issuance expenses, totaling RMB 143.6885 million[73] Operational Efficiency and Management - The company has established five major automotive cable production bases in Ninghai, Benxi, Chengdu, Shanghai, and Huizhou[28] - The company's production management efficiency and cost control measures have established a strong foundation for long-term development[96] - The company optimized internal management processes and implemented the Amoeba business model to improve operational efficiency[176] - The company strengthened talent development, particularly for middle and senior management, to improve organizational structure and team quality[180] - The company has implemented ERP and OA systems for comprehensive management of production and operations[96] Industry Trends and Market Position - The company's core automotive components are transitioning to deeper localization, breaking the dominance of international manufacturers[109] - The automotive cable industry is entering a stable growth phase, driven by rising consumer income and urbanization[110] - The company's brand influence has steadily increased among upstream and downstream customers and financial institutions since its listing on the Shenzhen Stock Exchange in August 2020, enhancing its financing capabilities and strategic competitiveness[125] Investor Relations and Shareholder Engagement - The company's 2022 annual general meeting had a 67.42% investor participation rate, while the 2023 temporary meetings ranged from 62.34% to 67.00% participation[89] - In 2023, the company conducted multiple investor relations activities, including on-site research and online exchanges, discussing topics such as the impact of copper price fluctuations, sales to BYD, and the progress of the convertible bond issuance project[129][133] Cost Structure and Expenses - Raw materials accounted for 93.11% of the operating costs in the automotive parts industry, with a year-on-year increase of 14.36%[190] - Direct labor costs in the automotive parts industry increased by 41.42% year-on-year, accounting for 1.92% of operating costs[190] - Manufacturing expenses in the automotive parts industry increased by 65.00% year-on-year, accounting for 4.97% of operating costs[190] - Sales expenses increased by 106.70% year-on-year to RMB 25,061,024.24 due to expanded sales scale[194] - R&D expenses increased by 28.44% year-on-year to RMB 90,284,911.14, accounting for 2.62% of total revenue[194][196] - The number of R&D personnel increased by 13.33% to 85, with R&D personnel accounting for 8.32% of total employees[196] Cash Flow and Financial Health - Net cash flow from operating activities increased to RMB 51,206,840.59, while net profit was RMB 165,944,626.58, with the difference mainly due to increased accounts receivable[198] Intellectual Property and Innovation - The company holds 37 utility model patents and 7 invention patents as of the reporting period[93] Project Development and Expansion - The "New Energy Vehicle Cable Production Line Project" in Benxi Kabei entered the production phase, and the "Hubei Kabei Production Base Project" entered trial production[148] - The company's "Ninghai Automotive Cable Expansion Project" and the "Automotive Cable Insulation Material Expansion Project" by Kabei New Materials are in the construction phase[148] Accounting and Compliance - No significant differences were found between financial reports prepared under international and Chinese accounting standards[106] Stock Incentive and Talent Retention - The company successfully implemented a stock incentive plan to attract and retain talent, completing the grant of the second category of restricted stock[147]