Group 1: Financial Guidance and Growth Strategy - The company aims for high-quality growth driven by technology, global expansion, and lean operations, focusing on increasing market share in core businesses and expanding into high-value overseas markets [2][3] - Specific financial targets will be optimized based on market conditions and reported regularly [2] - The company plans to enhance operational efficiency through smart manufacturing upgrades and vertical supply chain integration [2] Group 2: Automotive and New Energy Applications - The company has established deep partnerships with leading electric vehicle manufacturers and energy storage firms, focusing on core modules in traditional and new energy vehicles [3][5] - The primary application of the company's new energy relays is in 800V and above high-voltage platforms for electric vehicles [4][5] - By the end of 2024, the company has passed audits from 31 clients in the automotive and energy storage sectors, solidifying its position as a qualified supplier [5] Group 3: International Expansion and Production - The company has set up subsidiaries in North America, South Korea, Germany, and Vietnam, with the Vietnam facility being the first overseas production base [3] - The overseas revenue is primarily driven by general power relays and power block products, with a projected year-on-year growth of 29.73% in 2024 [5] - Future international expansion will focus on increasing penetration of new energy relays and customized products in South America and Southeast Asia [5] Group 4: Ongoing Projects and Capacity Management - The new electronic component production project in Qingxian is nearing completion, with an area of 129,000 square meters, expected to start production this year [5] - The Dongguan smart manufacturing headquarters project has a total investment of 550 million yuan, with construction currently in the main phase [5] - The company has implemented a capacity management system in the new energy sector to ensure flexibility and responsiveness to market demands [3]

Group 1: Company Overview - The company is a high-tech enterprise specializing in the research, manufacturing, and sales of relays and transformers, ranking among the top in China's electronic components industry [2] - The product range includes six major categories: general power relays, magnetic latching relays, automotive relays, new energy relays, photovoltaic relays, and signal relays, along with inductors and transformers [2] - Future plans focus on strengthening core products while diversifying based on market demand and company strengths [2] Group 2: Industry Trends - The relay industry is heavily influenced by downstream market demand, with traditional markets like automotive and home appliances showing stable growth [3] - Emerging industries such as new energy, AI, smart manufacturing, and 5G are creating new market opportunities for relays [3] Group 3: International Expansion - The company aims to increase its overseas revenue share, particularly in the general and power relay sectors, which currently dominate international sales [3] - Plans include enhancing the overseas layout of key products and recruiting high-end talent for technical support and marketing [3] - The company has established subsidiaries in North America, South Korea, Germany, and Vietnam, with the Vietnam subsidiary already in production [3] Group 4: Financial Goals and Strategies - For 2025, the company will focus on "technology-driven, global expansion, and lean operations" to achieve high-quality growth [4] - The strategy includes increasing market share in core businesses and expanding into high-value regions with localized services [4] - Continuous upgrades in smart manufacturing and supply chain integration are planned to enhance operational efficiency [4]

Company Overview - The company is a high-tech enterprise specializing in the research, manufacturing, and sales of relays and transformers, ranking among the top in China's electronic components industry [2] - It has developed a comprehensive service system covering technology research and development, mold development, manufacturing, and after-sales service [2] Product Categories - The company's relay products include six major categories: general power relays, latching relays, automotive relays, new energy relays, photovoltaic relays, and signal relays, along with inductors and transformers [2] - Future focus will be on strengthening general power relays, latching relays, transformers, and magnetic materials while maintaining profitability [2] Strategic Partnerships - The company has established deep collaborations with leading electric vehicle manufacturers like BYD and other key players in the energy storage sector [3] - It aims to provide high-reliability solutions for the entire new energy industry chain [3] Future Strategic Layout - Over the next three years, the company plans to increase R&D investment and expand in key areas, including general power relays and new energy relays [4] - It will establish sales companies or production bases in key overseas relay markets to enhance international sales and market share [4] - The company aims to explore smart manufacturing and enhance production capabilities through automation and digitalization [4] Capacity Utilization - Core business segments maintain a capacity utilization rate of over 95%, ensuring timely order delivery [5] - The company is optimizing production processes and upgrading order structures to improve overall capacity efficiency [5] Revenue Planning - The company focuses on technology-driven growth and aims to strengthen its position in core business areas while exploring emerging sectors like new energy and smart grids [5] - It plans to achieve sustainable organic growth across all business units through lean operations and resource collaboration [5] 2025 Financial Guidance - The company anticipates continued high-quality growth driven by core business advantages and expansion in overseas markets [6] - It aims to enhance operational efficiency through cost optimization and agile delivery [6] New Energy Sector Plans - The company has established a capacity management system for the new energy sector, focusing on photovoltaic and energy storage products [6] - It plans to optimize production capacity in phases, with short-term efficiency improvements and long-term digital factory development [6]

Company Overview - The company is a high-tech enterprise specializing in the research, manufacturing, and sales of relays and transformers, ranking among the top in China's electronic components industry [2] - It has established a comprehensive service system covering technology research and development, mold development, manufacturing, and after-sales service [2] Product Categories and Future Plans - The company's relay products include six major categories: general power relays, magnetic latching relays, automotive relays, new energy relays, photovoltaic relays, and signal relays, along with inductors and transformers [2] - Future focus will be on strengthening general power relays, magnetic latching relays, transformers, and magnetic materials while maintaining profitability and developing new profit growth centers [2] Market Applications - The company has established deep cooperation with leading electric vehicle manufacturers like BYD, focusing on traditional automotive and new energy applications [3] - Key applications include powertrain systems, vehicle body electronics, safety systems, and charging equipment for new energy vehicles [3] Industry Trends - The relay industry is expected to grow significantly, driven by the recovery of traditional markets and the emergence of new industries such as AI, smart manufacturing, and 5G [3] - The global electromagnetic relay market is projected to grow at an average annual rate of 8.6% from 2023 to 2028, reaching a scale of 78.28 billion yuan [5] Production Capacity and Utilization - The overall capacity utilization rate of the company's core business segments is maintained above 95%, ensuring timely order fulfillment [4] - The company is implementing a capacity management system to enhance production efficiency and adapt to market demand [5] Competitive Position - The company has solidified its competitive advantage in high-reliability niche markets through technological barriers and deep collaboration with leading clients [5] - The gross margin difference compared to peers is attributed to product segments, domestic vs. international sales ratios, and vertical integration levels [6] Strategic Initiatives - Plans to enhance R&D investment and expand overseas sales to increase market share and profitability [6] - The company aims to establish sales companies or production bases in key overseas markets to support global expansion [6] Impact of Tariffs - The company has a proactive overseas market strategy, with minimal exposure to high-tariff regions, reducing risks associated with trade barriers [6]

Core Viewpoint - The company has announced its profit distribution and capital reserve transfer plan for the year 2024, which includes a cash dividend and a stock bonus for shareholders [1][5]. Group 1: Profit Distribution Plan - The profit distribution plan approved at the shareholders' meeting on May 16, 2025, involves a cash dividend of 2.18 RMB per 10 shares, totaling approximately 49.84 million RMB [1][5]. - The total share capital before the distribution is 228,645,713 shares, which will increase to 320,103,998 shares after a capital reserve transfer of 4 shares for every 10 shares held [1][5]. Group 2: Dividend and Stock Bonus Details - The cash dividend will be distributed to all shareholders registered by June 3, 2025, with the ex-dividend date set for June 4, 2025 [6][7][8]. - The cash dividend will be directly credited to shareholders' accounts on the ex-dividend date, while the stock bonus will also be credited on the same day [9][10]. Group 3: Taxation and Adjustments - The cash dividend is subject to different tax rates based on the holding period of the shares, with specific rates outlined for various categories of investors [5][11]. - After the stock bonus, the earnings per share for the year 2024 will be adjusted to 0.1978 RMB based on the new total share capital [11][12].

证券代码：300932 证券简称：三友联众 公告编号：2025-024 三友联众集团股份有限公司 2024 年年度分红派息、转增股本实施公告 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、股东大会审议通过利润分配及资本公积金转增股本方案情况 1、三友联众集团股份有限公司（以下简称"公司"）2024 年年度利润分配方 案已获 2025 年 5 月 16 日召开的 2024 年年度股东大会审议通过，2024 年年度利 润分配方案为：以截至 2024 年 12 月 31 日公司的总股本 228,645,713 股为基数， 向全体股东每 10 股派发现金红利 2.18 元（含税），不送红股，共计派发现金红 利 49,844,765.43 元（含税），剩余未分配利润留存至下一年度。同时以 2024 年 12 月 31 日公司总股本 228,645,713 为基数，以资本公积金转增股本，向全体股 东每 10 股转增 4 股，转增后公司总股本增加到 320,103,998 股（转增股数系公司 自行计算所得，最终转增数量以中国证券登记结算有限公司深圳分公司实际登记 确认 ...

Company Overview - Sanyou Lianzhong Group Co., Ltd. is a high-tech enterprise specializing in the R&D, manufacturing, and sales of relays and transformers, recognized as one of China's top 100 electronic component companies [2][3] - The company ranks second in sales in the domestic relay market for eight consecutive years, according to the China Electronic Components Industry Association [3] Product Portfolio - The company's relay products include six major categories: general power relays, magnetic latching relays, automotive relays, new energy relays, photovoltaic relays, and signal relays, along with inductors and transformers [2] - Future focus areas include strengthening general power relays, magnetic latching relays, transformers, and expanding into new energy and automotive relay sectors [2] Industry Position and Achievements - The company has been recognized as a "Top 100 Backbone Enterprises in China's Electronic Components" and has received multiple awards, including "Guangdong Province Manufacturing Single Champion Enterprise" [3] - The subsidiary, Qingxian Zeming, specializes in transformers and magnetic materials, holding a leading position in the domestic market [3] Construction Projects - Major ongoing projects include the Qingxian Zeming factory, Dongguan Sanyou Phase III, and SJ fully automated production line, with a total investment of approximately 550 million yuan [4] - The Qingxian Zeming project covers 129,000 square meters and is expected to enhance the company's R&D capabilities and product quality [4] Revenue Distribution - In 2024, domestic revenue accounted for 76.3%, while overseas revenue made up 23.7%, with significant contributions from general and power sector products [4] - The company has made strides in overseas markets, particularly in India, Europe, and Southeast Asia, with a 29.73% increase in overseas revenue year-on-year [4][5] Production Capacity and Utilization - Core business units maintain a capacity utilization rate of over 95%, ensuring timely order fulfillment [5] - The company is focused on optimizing production processes and enhancing overall capacity efficiency [5] Future Development Plans - Over the next three years, the company aims to increase R&D investment, strengthen its position in key relay sectors, and expand its global market presence [8] - Plans include establishing sales companies or production bases in key overseas markets to boost sales and market share [8] - The company will also focus on smart manufacturing and vertical integration to enhance production capabilities and product quality [9]

Core Viewpoint - The high-voltage direct current relay market is experiencing significant growth driven by the increasing demand in the power industry, industrial automation, and the rapidly expanding electric vehicle sector. The market size in China is projected to reach approximately 3.288 billion yuan in 2024, with continued growth expected due to the development of renewable energy, smart grids, and electric vehicles [1][16]. Group 1: Industry Overview - High-voltage direct current relays are essential electrical devices used to control current in high-voltage direct current circuits, featuring advantages such as high voltage resistance and impact resistance. They are primarily applied in the power, industrial automation, and electric vehicle industries [3][11]. - The demand for high-voltage direct current relays is increasing due to the rapid growth of the electric vehicle industry, which requires these relays for battery management systems and motor control systems [1][11]. Group 2: Market Demand and Growth - The market for high-voltage direct current relays is projected to grow significantly, with the global market size expected to reach approximately 3.521 billion USD in 2024, driven by the increasing sales of electric vehicles [14]. - In China, the production and sales of new energy vehicles have seen substantial growth, with production increasing from 340,500 units in 2015 to 12.888 million units in 2024, reflecting a compound annual growth rate of 49.74% [11][14]. Group 3: Technical Requirements - High-voltage direct current relays used in electric vehicles must meet various technical requirements, including high voltage resistance, load endurance, impact resistance, strong arc extinguishing capability, and high breaking capacity [5][6]. - The relays must withstand high working voltages and currents, with electric vehicles typically requiring relays that can handle voltages significantly higher than traditional vehicles [5][6]. Group 4: Industry Chain and Key Materials - The upstream of the high-voltage direct current relay industry includes the supply of core raw materials and key components, such as precious metals for contacts and copper for coils, which are crucial for performance and manufacturing costs [7][9]. - The production of copper materials in China is projected to grow from 18.62 million tons in 2017 to 23.503 million tons in 2024, providing a solid raw material foundation for high-voltage direct current relays [9]. Group 5: Competitive Landscape - The global high-voltage direct current relay market exhibits an oligopolistic structure, with major players including Panasonic, Tyco, Gigavac, Omron, and Denso, while domestic manufacturers like Hongfa and Aerospace Electric hold significant market shares [18][20]. - In the domestic market, Hongfa Technology holds approximately 40% of the market share, with other players like BYD and Panasonic also contributing to the competitive landscape [18][20]. Group 6: Future Trends - The demand for high-voltage direct current relays is expected to grow due to the upgrade of high-voltage platforms in electric vehicles, requiring higher voltage ratings and safety standards [24]. - There is a trend towards lightweight design in high-voltage direct current relays, aiming to reduce weight by over 30% while maintaining performance, which is crucial for enhancing the range of electric vehicles [25]. - The integration of smart technologies in high-voltage direct current relays is anticipated to enhance safety and efficiency, with features like real-time monitoring and adaptive protection mechanisms [27][28].

证券代码：300932 证券简称：三友联众 公告编号：2025-023 三友联众集团股份有限公司 2024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。 （四）会议召集人：公司董事会。 （五）会议主持人：公司董事长宋朝阳先生。 （六）会议召开的合法、合规性：本次会议的召集经公司第三届董事会第十 二次会议审议通过，本次股东大会的召集、召开及表决方式符合《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《公司章程》的有关规定。 （七）会议出席情况： 1、股东总体出席情况 一、会议召开和出席情况 （一）会议召开时间： 1、现场会议召开时间：2025年5月16日（星期五）14:30。 2、网络投票时间：2025年5月16日 其中，通过深圳证券交易所交易系统进行网络投票的具体时间：2025年5月 16日9:15-9:25，9:30-11:30和13:00-15: ...

北京市中伦（深圳）律师事务所 关于三友联众集团股份有限公司 2024 年年度股东大会的 北京市中伦（深圳）律师事务所 关于三友联众集团股份有限公司 2024 年年度股东大会的 法律意见书 致：三友联众集团股份有限公司 根据《中华人民共和国公司法》（下称"《公司法》"）、中国证券监督管理委 员会发布的《上市公司股东会规则》（下称"《股东会规则》"）的有关规定，北京 市中伦（深圳）律师事务所（下称"本所"）受三友联众集团股份有限公司（下 称"公司"）委托，指派律师出席公司 2024 年年度股东大会（下称"本次股东会" 或"会议"）。 法律意见书 二〇二五年五月 本所现就本次股东会的召集、召开程序，出席人员的资格、召集人资格，表 决程序、表决结果等事宜出具法律意见。 一、 会议召集、召开程序 为召开本次股东会，公司董事会于 2025 年 4 月 23 日在巨潮资讯网 （http://www.cninfo.com.cn）上公告了会议通知。通知载明了会议的召开方式、 召开时间和召开地点，对会议议题的内容进行了充分披露，说明了股东有权出席 并可委托代理人出席和行使表决权，明确了会议的登记办法、有权出席会议股东 的股权登记 ...