国金证券股份有限公司 关于深圳欧陆通电子股份有限公司 向不特定对象发行可转换公司债券 之 发行保荐书 保荐人（主承销商） （成都市青羊区东城根上街 95 号） 二零二四年五月 深圳欧陆通电子股份有限公司向不特定对象发行可转换公司债券之发行保荐书 声明 本保荐机构及保荐代表人根据《中华人民共和国公司法》《中华人民共和国 证券法》《上市公司证券发行注册管理办法》《证券发行上市保荐业务管理办法》 等有关法律、行政法规和中国证券监督管理委员会的规定，诚实守信，勤勉尽责， 严格按照依法制订的业务规则、行业执业规范和道德准则出具本发行保荐书，并 保证所出具文件的真实性、准确性和完整性。 3-1-1 深圳欧陆通电子股份有限公司向不特定对象发行可转换公司债券之发行保荐书 目录 | 声明 | | --- | | 日录 | | 释义… | | 第一节 本次证券发行基本情况 . | | 一、保荐机构项目人员情况 | | 二、发行人基本情况 | | 三、保荐机构及其关联方与发行人及其关联方之间的利害关系及主要业务往 | | 来情况… | | 四、保荐机构内部审核程序和内核意见 | | 五、关于有偿聘请第三方机构和个人等相关行为的核查 ...

股票简称：欧陆通 股票代码：300870 深圳欧陆通电子股份有限公司 Shenzhen Honor Electronic Co., Ltd. （住所：深圳市宝安区航城街道三围社区航城大道 175 号南航明珠 花园 1 栋 19 号） 向不特定对象发行可转换公司债券 募集说明书 保荐机构（主承销商） （住所：成都市青羊区东城根上街 95 号） 二〇二四年五月 深圳欧陆通电子股份有限公司 向不特定对象发行可转换公司债券募集说明书 声明 中国证监会、交易所对本次发行所作的任何决定或意见，均不表明其对申 请文件及所披露信息的真实性、准确性、完整性作出保证，也不表明其对发行 人的盈利能力、投资价值或者对投资者的收益作出实质性判断或保证。任何与 之相反的声明均属虚假不实陈述。 根据《证券法》的规定，证券依法发行后，发行人经营与收益的变化，由 发行人自行负责。投资者自主判断发行人的投资价值，自主作出投资决策，自 行承担证券依法发行后因发行人经营与收益变化或者证券价格变动引致的投资 风险。 1-1-1 深圳欧陆通电子股份有限公司 向不特定对象发行可转换公司债券募集说明书 重大事项提示 本公司特别提醒投资者注意下列重大事项或风 ...

证券代码：300870 证券简称：欧陆通 公告编号：2024-018 深圳欧陆通电子股份有限公司 2023 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。 特别提示： 1、深圳欧陆通电子股份有限公司（以下简称"公司"或"本公司"）2023 年度权益分派方案已获2024年5月15日召开的2023年年度股东大会审议通过， 2023 年度权益分派方案的具体内容为：以公司现有总股本 101,200,000 股剔除 公司目前回购专户的股份余额 1,655,300 股（公司通过回购专用账户所持有公司 股份不参与本次利润分配）后共 99,544,700 股，以此为基数计算，按每 10 股派 发现金红利 3.40 元（含税）向全体股东分配，共计分配现金红利 33,845,198.00 元（含税）。本年度不送红股，不以资本公积转增股本。若在分配方案发布后至 实施前，公司总股本由于股份回购、股权激励行权等原因导致公司可参与权益分 派的总股本发生变动的，将按照分配总额不变的原则对分配比例进行调整。 2、自本次权益分派方案披露至实施期间，公司股本总额及公司回购专 ...

法律意见书 中国 深圳 福田区 益田路6001号 太平金融大厦11、12楼 邮政编码：518038 11/F、12/F., TAIPING FINANCE TOWER, NO.6001 YITIAN ROAD, SHENZHEN, P.R. CHINA 电话（Tel.）：（86-755) 88265288 传真（Fax.）：（86-755）88265537 网站（Website）：www.sundiallawfirm.com 广东信达律师事务所 关于深圳欧陆通电子股份有限公司 2023年年度股东大会的 法律意见书 信达会字（2024）第123号 致：深圳欧陆通电子股份有限公司 广东信达律师事务所（以下称"信达"）接受深圳欧陆通电子股份有限公司（以 下称"公司"）的委托，指派信达律师出席公司2023年年度股东大会（以下称"本 次股东大会"），对本次股东大会的合法性进行见证。 信达律师根据《中华人民共和国公司法》（以下称"《公司法》"）、《上市 公司股东大会规则》（以下称"《股东大会规则》"）等法律、法规和规范性法律 文件以及《深圳欧陆通电子股份有限公司章程》（以下称"《公司章程》"）的规 定，就公司本次股东大会 ...

证券代码：300870 证券简称：欧陆通 公告编号：2024-017 深圳欧陆通电子股份有限公司 2023年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、完整，没有虚假 记载、误导性陈述或重大遗漏。 特别提示： 1、本次股东大会无否决议案的情形。 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、会议召开时间： （1）现场会议召开时间：2024 年 5 月 15 日（星期三）15:00。 （2）网络投票时间：2024 年 5 月 15 日。 其中：通过深圳证券交易所（以下简称"深交所"）交易系统投票的时间为 2024 年 5 月 15 日 9:15-9:25，9:30-11:30，13:00-15:00；通过深交所互联网投 票系统（http://wltp.cninfo.com.cn）投票的时间为 2024 年 5 月 15 日 9:15- 15:00。 2、会议召开地点：深圳市宝安区航城大道175号南航明珠花园1栋19号欧陆 通。 3、会议的召开方式：本次股东大会采用现场表决和网络投票相结合的方式 召开。 4、会议召集人：深圳欧陆 ...

Investment Rating - The report maintains a "Buy" rating for the company, expecting the stock price to outperform the industry index by over 15% in the next six months [25]. Core Views - The company achieved significant growth in 2023, with a revenue of 2.87 billion yuan, a year-on-year increase of 6.17%, and a net profit attributable to shareholders of 196 million yuan, up 116.46% year-on-year [15][2]. - The company is capitalizing on the growth opportunities in the AI industry, with its server power business revenue reaching 811 million yuan in 2023, a year-on-year increase of 35.91% [16][2]. - The report forecasts net profits for 2024-2026 to be 230 million, 302 million, and 393 million yuan respectively, with corresponding P/E ratios of 20, 16, and 12 times [2]. Financial Summary - Revenue for 2023 is projected at 2.87 billion yuan, with a growth rate of 6.2% in 2023 and an expected growth of 23% in 2024 [1]. - The net profit for 2023 is expected to be 196 million yuan, with a significant increase of 116.5% year-on-year [1]. - The company's return on equity (ROE) is projected to improve from 10.5% in 2023 to 14.6% by 2026 [1]. - The earnings per share (EPS) is expected to rise from 1.93 yuan in 2023 to 3.88 yuan by 2026 [1]. Business Dynamics - The company is focusing on optimizing its product structure and increasing the proportion of high-value products, which has led to a steady improvement in gross margin, reaching 19.72% in 2023, up 1.56 percentage points year-on-year [1]. - The company has established sales teams in Taiwan and the United States to expand its overseas market presence, targeting major cloud service providers in North America [16].

证券研究报告 客户合作研发并进行技术平台储备，依托自身技术积累，得以在 AI 服 务器需求增长时成为多家高算力服务器客户的重要供应商，处于国内领 先水平，有望进入收获期。 | --- | --- | --- | --- | --- | --- | |----------------------------------------------------------|---------------|---------------|---------------|---------------|-------------| | [Table_Profit 重要财务指标 ] 营业总收入 ( 百万元 ) | 2022A 2,703 | 2023A 2,870 | 2024E 3,531 | 2025E 4,366 | 2026E 5,335 | | | | | | | | | 增长率 YoY % 归属母公司净利润 | 5.1% 90 | 6.2% 196 | 23.0% 252 | 23.6% 307 | 22.2% 398 | | ( 百万元 ) | | | | | | | 增长率 YoY% | -18.6% | ...

| --- | --- | |--------------------------|------------------| | | 证券研究报告 | | | 其他电子零组件Ⅲ | | 投资评级 | 买入 -A 维持评级 | | 6 个月目标价 | 54.29 元 | | 股价 (2024-04-25) 44.04 | 元 | | | | | 交易数据 | | | 总市值(百万元 | ) 4,456.85 | | 流通市值(百万元 | ) 4,456.85 | | 总股本(百万股 | ) 101.20 | | 流通股本 | (百万股) 101.20 | | 12 个月价格区间 | 27.48/75.4 元 | 股价表现 -63% -48% -33% -18% -3% 12% 2023-04 2023-08 2023-12 2024-04 欧陆通 沪深300 SAC 执业证书编号：S1450518060001 公司快报 Q1 营收与业绩同比高增，AI 变革驱动 服务器电源加速放量 2023 年，公司营收与业绩呈逐季增长趋势，23H2 各领域业务订单量 显著回升，经营状况不断优化，23Q4 营收创历史新高，达 8. ...

Financial Performance - The company's revenue for Q1 2024 reached ¥695,862,387.52, representing a 34.06% increase compared to ¥519,050,617.70 in the same period last year[5] - Net profit attributable to shareholders surged to ¥31,164,265.74, a remarkable increase of 1,703.04% from ¥1,728,427.51 in the previous year[5] - The net profit after deducting non-recurring gains and losses was ¥29,984,745.73, compared to a loss of ¥1,108,412.69 in the same period last year, marking a 2,805.20% improvement[5] - Basic and diluted earnings per share increased to ¥0.31, up 1,450.00% from ¥0.02 in the previous year[5] - Total operating revenue for Q1 2024 reached ¥695,862,387.52, a significant increase of 34% compared to ¥519,050,617.70 in Q1 2023[21] - Net profit for Q1 2024 was ¥30,938,967.61, compared to ¥1,294,716.06 in the same period last year, indicating a substantial increase[22] - The gross profit margin for Q1 2024 was approximately 7.2%, compared to 3.1% in Q1 2023, showing an improvement in profitability[22] - Total comprehensive income for Q1 2024 was CNY 26,651,476.85, compared to a loss of CNY 1,466,565.37 in the same period last year, indicating a significant recovery[23] - Basic and diluted earnings per share for Q1 2024 were both CNY 0.31, up from CNY 0.02 in Q1 2023, reflecting improved profitability[23] Assets and Liabilities - The company's total assets at the end of the reporting period were ¥3,746,726,466.50, a slight decrease of 0.08% from ¥3,749,607,108.44 at the end of the previous year[5] - Total liabilities decreased to ¥1,859,587,412.39 from ¥1,893,283,912.73, marking a reduction of approximately 2%[19] - The equity attributable to shareholders of the parent company increased to ¥1,888,324,898.08 from ¥1,857,283,741.55, reflecting a growth of about 1.67%[19] Cash Flow - Cash flow from operating activities showed a significant decline, with a net cash flow of ¥8,045,282.39, down 94.41% from ¥143,956,380.13 in the previous year[11] - Cash flow from operating activities for Q1 2024 was CNY 8,045,282.39, a decrease from CNY 143,956,380.13 in Q1 2023, highlighting a decline in cash generation[26] - Total cash inflow from operating activities was CNY 703,288,950.47, compared to CNY 660,906,419.34 in the previous year, showing a slight increase[24] - Cash outflow from operating activities was CNY 695,243,668.08, up from CNY 516,950,039.21 in Q1 2023, indicating higher operational costs[26] - The ending balance of cash and cash equivalents was CNY 397,015,552.12, down from CNY 450,711,987.32 at the end of Q1 2023, reflecting liquidity challenges[26] - The company has a total cash balance of ¥528,958,410.03, down from ¥669,082,320.25 at the beginning of the period, representing a decrease of approximately 20.96%[16] Shareholder Information - The total number of common shareholders at the end of the reporting period is 13,874[12] - The top shareholder, Nanjing Wangyue Ke Wang Venture Capital Partnership, holds 28.89% of shares, totaling 29,234,023 shares[12] - The total number of priority shareholders is zero, indicating no priority shares are currently held[15] - The company has pledged 12,200,000 shares, which is part of the holdings of Shenzhen Genuoli Information Consulting Co., Ltd.[12] - The company repurchased 1.6553 million shares, accounting for 1.64% of the total share capital[13] - The company has not disclosed any changes in the top 10 shareholders due to securities lending activities[14] Operational Metrics - The company reported a 35.40% increase in inventory, reaching ¥455,567,564.35, attributed to growth in sales scale[10] - Total operating costs amounted to ¥645,095,285.37, up from ¥524,551,190.99, reflecting a rise of approximately 23% year-over-year[21] - The company's R&D expenses were ¥45,474,939.35, slightly down from ¥49,681,537.72, showing a decrease of about 8%[22] Non-Operating Income and Expenses - Non-operating income increased by 212.71% to ¥1,179,115.40, primarily due to received penalty payments[11] - The company experienced a 399.54% rise in non-operating expenses, totaling ¥1,803,849.48, mainly due to asset disposal losses[11] Financial Management - The company reported a financial income of ¥2,597,892.83, up from ¥1,374,907.89, indicating a growth of approximately 89%[22] - The company did not conduct an audit for the Q1 2024 report, which may affect stakeholder confidence in the reported figures[28] - The company experienced a foreign exchange impact of CNY 4,255,227.12 on cash and cash equivalents, contrasting with a negative impact of -CNY 4,739,160.94 in Q1 2023, showing improved currency management[26] - Net cash flow from investing activities was -CNY 83,732,929.81, an improvement from -CNY 132,540,549.51 in the same quarter last year, suggesting better investment management[26] - The company reported a cash inflow of CNY 66,070,482.20 from investment activities, compared to CNY 20,148,712.33 in the previous year, indicating increased investment returns[26]

Dividend Distribution - The company plans to distribute a cash dividend of 3.40 RMB per 10 shares to all shareholders, based on a total of 99,544,700 shares[3]. - The company distributed a cash dividend of 0.91 yuan per 10 shares, totaling 9,108,799.70 yuan (including tax) based on a total share capital of 100,096,700 shares[194]. Financial Performance - The company's operating revenue for 2023 reached ¥2,869,998,960, representing a 6.17% increase compared to ¥2,703,124,680 in 2022[24]. - Net profit attributable to shareholders for 2023 was ¥195,731,160, a significant increase of 116.46% from ¥90,164,755.8 in 2022[24]. - The net cash flow from operating activities surged to ¥392,374,782, marking a 185.71% increase from ¥137,332,797 in 2022[24]. - Basic earnings per share for 2023 were ¥1.93, up 116.85% from ¥0.86 in 2022[24]. - Total assets at the end of 2023 amounted to ¥3,749,607,108, reflecting an 11.98% increase from ¥3,338,609,900 at the end of 2022[24]. - The company's net assets attributable to shareholders increased by 14.12% to ¥1,857,283,740 from ¥1,627,266,440 in 2022[24]. - The gross profit amounted to 566 million CNY, reflecting a year-on-year growth of 15.29%, with a gross margin of 19.72%, up by 1.56 percentage points[64]. - The net profit reached 194 million CNY, representing a significant year-on-year increase of 120.30%[67]. - The company achieved operating revenue of 2.87 billion CNY in 2023, a year-on-year increase of 6.17%[63]. Market Expansion and Strategy - The company is focused on expanding its market presence in the power supply sector, which is expected to benefit from ongoing investments in data centers, 5G communication, and renewable energy[34]. - The company plans to continue expanding its market share in the power supply sector, particularly in high-value products and AI server power supplies[70]. - The company aims to leverage its technological expertise to expand into new application areas and customer segments[74]. - The company plans to focus on expanding its market presence and enhancing its product offerings through ongoing research and development initiatives[119]. - Market expansion plans include entering two new international markets by the end of the year, targeting a 10% market share in each[149]. Research and Development - The company has a robust R&D system, having accumulated significant experience and established a layered R&D model that balances efficiency and precision, resulting in a diverse range of products[55]. - The company is committed to research and development of new products and technologies to drive future growth[143]. - The company is investing heavily in R&D, with a budget allocation of 200 million RMB for new technology development[149]. - The company is developing a new GaN MOS integrated power supply for consumer electronics, targeting a maximum power of 65W to meet market demands[85]. - The company launched a customized 3300W GPU server power supply to meet AI service requirements, featuring intelligent energy monitoring[88]. Risk Management - The company emphasizes the importance of risk awareness regarding future plans and performance forecasts[3]. - The company has established a robust risk management framework for its foreign exchange hedging activities, including regular monitoring and analysis of market conditions[111]. - The company plans to utilize foreign exchange hedging tools to mitigate exchange rate risks and reduce foreign exchange losses[110]. - The company is exposed to risks from raw material price volatility, which could affect sales costs and gross margins[140]. Corporate Governance - The company has maintained a strong independent operation, ensuring no interference from controlling shareholders in decision-making processes[153]. - The company emphasizes information disclosure and investor relations management, ensuring timely and accurate information dissemination through designated media[157]. - The company is committed to maintaining compliance with corporate governance standards following the recent changes in its board[164]. - The company held 9 supervisory board meetings during the reporting period to oversee major matters, related transactions, and the compliance of directors and senior management[156]. Employee Management - The company has a focus on talent development, with training programs aimed at management and technical personnel to ensure a stable and motivated workforce[192]. - The total number of employees at the end of the reporting period was 4,163, with 1,464 in the parent company and 2,699 in major subsidiaries[190]. - The company has implemented a performance management system to evaluate employees based on task performance and work attitude, which influences salary and promotion decisions[191]. Investment and Financial Position - The total investment amount for the reporting period was ¥706,658,713, a decrease of 36.56% compared to ¥1,113,883,953 in the previous year[104]. - The company reported a significant interest income and investment returns from the raised funds, amounting to RMB 25.46 million[116]. - The company has committed to several projects, including the expansion of the Ganzhou power adapter project, which has achieved a completion rate of 96.07%[118]. Client Relationships - The company has established partnerships with major clients such as LG, HP, and Google, enhancing its brand influence in the switch power supply industry[48]. - The company’s data center power products are positioned as domestic leaders in technology, quality, and response speed, serving top enterprises like Foxconn and Lenovo[48]. Legal and Compliance - The company has not encountered any legal disputes related to its derivative investments, indicating a stable operational environment[111]. - The company maintained strict compliance with legal and regulatory requirements throughout the reporting period[186].