Group 1 - The core point of the article is the resignation of Li Yifang, the securities affairs representative of Darui Electronics, due to personal reasons, and her responsibilities have been handed over [1] - Darui Electronics reported that its revenue composition for the year 2024 will be 100% from the manufacturing sector [1] - As of the report, Darui Electronics has a market capitalization of 8.1 billion yuan [1]

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、误导性陈述或者重大遗漏。 东莞市达瑞电子股份有限公司（以下简称"公司"）董事会于近日收到证券 事务代表李怡芳女士提交的书面辞职报告，其因个人原因申请辞去公司证券事务 代表职务，辞职报告自送达公司董事会之日起生效。李怡芳女士辞职后将不再担 任公司任何职务，其负责的工作已完成交接，其辞职不会影响公司相关工作的正 常开展。 证券代码：300976 证券简称：达瑞电子 公告编号：2025-090 东莞市达瑞电子股份有限公司 关于证券事务代表辞职的公告 东莞市达瑞电子股份有限公司董事会 2025 年 11 月 17 日 李怡芳女士在任职期间恪尽职守、勤勉尽责，公司及董事会对李怡芳女士在 任职期间为公司发展所作出的贡献表示衷心的感谢！ 特此公告。 ...

Core Insights - The company has established itself as a key supplier in the consumer electronics and new energy sectors, focusing on lightweight materials and functional components [5][10][20] - Revenue for Q3 2025 reached 2.278 billion yuan, marking a year-on-year growth of 28.59%, driven by increased demand for structural components in electronic products and new energy applications [14][17] - The company has a strong customer base, including major brands like Apple, Samsung, and Tesla, which enhances its market position and revenue stability [5][20] Revenue and Profitability - The company is projected to achieve revenues of 31.99 billion yuan, 46.53 billion yuan, and 55.73 billion yuan from 2025 to 2027, with corresponding net profits of 3.08 billion yuan, 4.55 billion yuan, and 5.78 billion yuan [32][33] - The compound annual growth rate (CAGR) for revenue from 2019 to 2024 is expected to be 24.24%, indicating robust growth despite recent economic challenges [13][14] - The gross margin for the consumer electronics segment has remained above 60%, with a notable increase to 66.38% in the first half of 2025, highlighting the segment's profitability [17][20] Strategic Initiatives - The company has made strategic acquisitions, such as the purchase of carbon fiber manufacturer Vistech, to enhance its capabilities in lightweight materials and strengthen its competitive edge [20][22] - The focus on large clients and the development of lightweight material technology platforms positions the company to capitalize on the growing demand for AI-enabled devices and new energy solutions [22][25] - The company is actively expanding its presence in the new energy sector, supplying components to leading firms like CATL and BYD, which broadens its market reach [5][10] Market Trends - The global edge AI market is expected to grow significantly, with a projected CAGR of 39.6% from 2025 to 2029, creating opportunities for companies involved in electronic device upgrades [22] - The demand for AI smartphones is anticipated to rise sharply, with expected shipments accounting for 54% of global smartphone sales by 2028, indicating a shift in consumer preferences [22][28] - The MR (Mixed Reality) market is also poised for growth, with projections suggesting that the VR industry in China could exceed 70 billion yuan by 2030, driven by technological advancements [29]

Core Viewpoint - Darui Electronics announced that four eligible incentive recipients can apply for the release of restrictions on a total of 128,100 restricted shares, which accounts for approximately 0.10% of the company's current total share capital [2] Summary by Sections - **Restricted Shares Release** - A total of 128,100 restricted shares will be released for eligible incentive recipients [2] - The release date for these shares is set for November 18, 2025 [2]

证券代码：300976 证券简称：达瑞电子 公告编号：2025-089 东莞市达瑞电子股份有限公司 本次保荐代表人的变更不会改变相关材料中保荐机构及保荐代表人已出具 文件的结论性意见，不涉及更新保荐机构已出具的相关材料；保荐机构及保荐代 表人将继续对之前所出具的相关文件之真实性、准确性和完整性承担相应的法律 责任。 本次保荐代表人更换后，公司首次公开发行股票项目持续督导保荐代表人为 唐超先生、陈思颖先生。 公司董事会对曾庆邹先生在公司首次公开发行股票项目持续督导期间所作 出的贡献表示衷心感谢！ 特此公告。 东莞市达瑞电子股份有限公司董事会 2025 年 11 月 14 日 附件：陈思颖先生简历 关于更换持续督导保荐代表人的公告 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、误导性陈述或者重大遗漏。 东莞市达瑞电子股份有限公司（以下简称"公司"）于近日收到国泰海通证 券股份有限公司（以下简称"国泰海通"）出具的《关于更换东莞市达瑞电子股 份有限公司持续督导保荐代表人的函》，现将具体情况公告如下： 国泰海通作为公司首次公开发行股票的保荐机构，持续督导期已于 2024 年 12 月 31 ...

Company Overview - The company was established in 2003 and primarily engages in the R&D, production, and sales of components for consumer electronics and new energy vehicle power batteries, as well as related 3C and semiconductor intelligent assembly automation equipment [1] - The revenue from wearable electronic structural components and functional components in consumer electronics has consistently maintained a high position in the company's business structure, accounting for over 60% since 2020 [1] - The gross profit margin for related businesses has remained high, with a gross profit share of over 60% in the past four years, serving as a core driver of the company's profits [1] - As of Q3 2025, the company achieved a revenue of 2.278 billion yuan, representing a year-on-year growth of 28.59%, benefiting from increased income from electronic product structural components and new energy structural and functional components [1] - The company has strategically acquired a professional carbon fiber product manufacturer, which will help extend its strategic layout towards upstream lightweight material ecosystems and solidify its composite material foundation [1] Market Position and Clientele - The company serves leading brands in the consumer electronics sector, leveraging a lightweight material technology platform to establish a first-mover advantage in AI lightweight structural components [2] - The company has seen an overall increase in project share with core clients while adopting a strategy of "old customers with new products, old products with new customers" [2] - Key clients include Samsung, Pegatron, Vitec, Amphenol, Meilun Electronics, Huatong Computer, Taijun Technology, GoerTek, and Luxshare Precision, with products ultimately applied in well-known consumer electronics brands such as Apple, Huawei, OPPO, Jabra, Bose, Sony, Facebook, and Sennheiser [2] - The company has expanded its project share in areas such as foldable smartphones and MR devices, driving overall performance growth [2]

Group 1 - The A-share market for consumer electronics stocks has shown strong performance, with notable increases in share prices for several companies [1] - Lens Technology (蓝思科技) saw a rise of 11.22%, with a total market capitalization of 167.7 billion and a year-to-date increase of 48.06% [2] - Dongshan Precision (东山精密) reached a 10% increase, with a market cap of 138.2 billion and a year-to-date increase of 159.06% [2] Group 2 - Other companies such as Hongfuhuan (鸿富瀚) and Dongtianwei (东田微) experienced increases of over 8%, while Igor (伊戈尔) rose by over 7% [1] - The overall trend indicates a positive momentum in the consumer electronics sector, supported by the formation of MACD golden cross signals for these stocks [1]

Core Viewpoint - Darui Electronics announced a share buyback plan, having repurchased a total of 360,900 shares, which represents 0.27% of the company's total share capital as of October 31, 2025 [2] Summary by Categories - **Share Buyback Details** - The company has utilized a dedicated securities account for share repurchase through centralized bidding [2] - The total number of shares repurchased is 360,900 [2] - This repurchase accounts for 0.27% of the company's total share capital [2]

Core Viewpoint - Darui Electronics (300976.SZ) has conducted a share buyback, acquiring a total of 360,900 shares, which represents 0.27% of the company's total share capital, in compliance with legal regulations and its established buyback plan [1] Summary by Relevant Sections - **Share Buyback Details** - The company has repurchased 360,900 shares through a special securities account via centralized bidding [1] - The highest transaction price was 65.00 CNY per share, while the lowest was 59.48 CNY per share [1] - The total amount spent on the buyback was 22,001,069.73 CNY, excluding transaction fees [1]

Group 1 - The company, Darui Electronics, announced on November 3 that it has repurchased approximately 360,000 shares, accounting for 0.27% of its total share capital [1] - The repurchase was conducted through a special securities account via centralized bidding, with a total transaction amount of approximately 22 million yuan [1] - The highest transaction price was 65 yuan per share, while the lowest was 59.48 yuan per share [1]