Financial Performance - In 2024, the company achieved operating revenue of 1,087.56 million yuan, an increase of 24.51% compared to the previous year[6]. - The net profit attributable to shareholders was a loss of 16.39 million yuan, a decline of 165.33% year-on-year[6]. - The company's operating revenue for 2024 reached ¥1,087,557,843.10, representing a 24.51% increase compared to ¥873,435,611.94 in 2023[20]. - The net profit attributable to shareholders for 2024 was -¥16,388,271.70, a decline of 165.33% from ¥25,084,505.12 in 2023[20]. - The net cash flow from operating activities decreased by 85.41% to ¥22,377,313.23 in 2024, down from ¥153,396,870.96 in 2023[20]. - Total assets increased by 12.84% to ¥1,855,486,846.68 at the end of 2024, compared to ¥1,644,385,578.16 at the end of 2023[20]. - The company reported a weighted average return on equity of -1.25% for 2024, down from 1.90% in 2023[20]. - The company experienced a significant decline in net profit after deducting non-recurring gains and losses, with a loss of -¥20,773,360.84 in 2024 compared to a profit of ¥12,379,292.41 in 2023, marking a 267.81% decrease[20]. - The company’s total equity attributable to shareholders decreased by 1.74% to ¥1,302,607,225.80 at the end of 2024, compared to ¥1,325,725,298.27 at the end of 2023[20]. Revenue Breakdown - In 2024, the revenue from the consumer electronics business reached 847 million yuan, a year-on-year increase of 11.31%[47]. - The revenue from the new energy power/storage business in 2024 was 192 million yuan, a significant increase of 184.71% year-on-year[47]. - The consumer electronics sector generated revenue of CNY 847,608,105.78, up 11.31% year-on-year, primarily due to competitive pricing strategies[60]. - The power/storage sector saw revenue of CNY 191,924,856.29, a significant increase of 184.71% year-on-year, although it did not achieve profitability due to industry competition[56]. Research and Development - The company has accumulated over 190 million yuan in R&D expenses over the past three years, enhancing manufacturing technology and expanding process application capabilities[49]. - R&D expenses reached CNY 73,509,400, representing a 17.35% increase and accounting for 6.76% of total revenue[57]. - The company has developed core technologies across various production processes, including mold development, stamping, welding, and automation, leading to improved product quality and lean production[33]. - The company is committed to accelerating new technology research and development to build a comprehensive competitive advantage in line with the "dual carbon" goals[33]. - The company has established a complete R&D system, focusing on technology and innovation to provide high-quality products and services[38]. - R&D personnel increased by 7.69% from 260 in 2023 to 280 in 2024, accounting for 20.69% of the total workforce[78]. - R&D investment amounted to ¥73,509,394.25 in 2024, representing 6.76% of operating revenue, a decrease from 7.17% in 2023[78]. Production and Operations - The production plan is arranged based on sales orders, with a focus on efficient and stable quality control throughout the production process[41]. - The company has improved its automation level, reducing quality risks and production costs through the establishment of automated production lines and information systems[52]. - The company has established a mature and independent supply chain system, which supports its R&D, procurement, production, and sales processes[44]. - The company is expanding its production capacity with new facilities in Suzhou, Changzhou, and Chongqing, and a new base in Vietnam expected to begin small-scale production in late 2025[56]. Market Trends and Strategy - The global smartphone shipment in 2024 is projected to reach 1.22 billion units, a 7% year-on-year increase, ending a two-year decline[31]. - The global sales of new energy vehicles in 2024 are expected to reach 18.236 million units, a 24.4% increase, with China's sales at 12.888 million units, up 35.7%[32]. - The company aims to enhance its market share in the new energy sector by leveraging products such as power/storage battery shells and CCS integrated components[34]. - The company is focusing on deepening customer relationships and expanding its client base, particularly in the micro lithium-ion battery and new energy sectors, which are expected to maintain high growth rates in the coming years[57]. - The company plans to accelerate the expansion of its power and storage business while establishing a production base in Vietnam as part of its global strategy[108]. Governance and Compliance - The company has complied with governance regulations and improved its internal control systems, ensuring no regulatory actions were taken against it during the reporting period[129]. - The board of directors consists of 7 members, including 3 independent directors, complying with legal and regulatory requirements[133]. - The supervisory board comprises 3 members, including 1 employee representative, adhering to legal and regulatory standards[134]. - The company emphasizes the protection of stakeholders' rights and has established a performance-based compensation mechanism for employees[136]. - The company maintains independence from its controlling shareholders in terms of assets, personnel, finance, organization, and business operations[138]. Environmental Responsibility - The company has implemented a comprehensive pollution control plan, with all facilities operating effectively[199]. - The company plans to install 6,363 photovoltaic modules, expected to generate approximately 3.2 million kWh of green electricity annually, reducing coal consumption by 1,274 tons[199]. - The photovoltaic system is projected to operate for 25 years, generating a total of 80 million kWh and reducing carbon emissions significantly[199]. - The company actively promotes energy conservation and environmental awareness among employees[199]. Future Outlook and Challenges - The company faces intensified market competition and economic fluctuations, prompting the need for dynamic strategic adjustments and innovation-driven development[116]. - The company will closely monitor industry policies and economic conditions to mitigate risks associated with market volatility and policy changes[118]. - The company anticipates that AI technology integration will boost growth in AI PCs and AI smartphones, enhancing user experience through improved display and sensor technologies[108]. - The company acknowledges management risks due to its expanding scale and is focused on improving organizational structure and operational management[123].

Financial Performance - The company's revenue for Q1 2025 was ¥279,724,140.38, representing a 34.47% increase compared to ¥208,019,462.50 in the same period last year[5]. - Net profit attributable to shareholders reached ¥3,876,627.63, a significant increase of 2,125.47% from ¥174,193.67 in the previous year[5]. - The net profit after deducting non-recurring gains and losses was ¥3,070,699.05, up 129.28% from a loss of ¥10,486,931.87 in the same period last year[5]. - Total operating revenue for the current period reached ¥279,724,140.38, an increase from ¥208,019,462.50 in the previous period, representing a growth of approximately 34.4%[18]. - Net profit for the current period was ¥3,876,627.63, a significant rise compared to ¥174,193.67 in the previous period, reflecting a growth of approximately 2,224.5%[19]. - The total comprehensive income for the current period was ¥3,796,530.98, contrasting with a loss of ¥538,756.37 in the previous period[19]. - Basic and diluted earnings per share for the current period were both ¥0.01, compared to ¥0.00 in the previous period[20]. Cash Flow and Investments - The company's cash flow from operating activities was ¥2,819,791.15, a decrease of 93.70% compared to ¥44,735,931.18 in the previous year[5]. - The net cash flow from operating activities was ¥2,819,791.15, a decrease from ¥44,735,931.18 in the previous period[21]. - The company reported a net cash outflow from investing activities of ¥57,832,727.32, compared to a net outflow of ¥103,755,269.54 in the previous period[22]. - The company's cash and cash equivalents decreased to CNY 97,622,410.55 from CNY 164,493,560.89, a decline of approximately 40.6%[15]. - The company’s cash and cash equivalents at the end of the period were ¥97,225,819.43, down from ¥162,057,242.83 at the end of the previous period[22]. Assets and Liabilities - Total assets at the end of the reporting period were ¥1,824,119,124.49, down 1.69% from ¥1,855,486,846.68 at the end of the previous year[5]. - The total assets of Suzhou Wanxiang Technology Co., Ltd. at the end of the reporting period amounted to CNY 1,824,119,124.49, a decrease from CNY 1,855,486,846.68 at the beginning of the period[14]. - The company's current assets totaled CNY 756,212,520.60, down from CNY 795,377,282.47 at the beginning of the period, indicating a decrease of approximately 4.9%[14]. - The total liabilities decreased to CNY 515,597,221.50 from CNY 552,879,620.88, representing a reduction of approximately 6.7%[16]. - The owner's equity increased slightly to CNY 1,308,521,902.99 from CNY 1,302,607,225.80, showing a growth of about 0.5%[16]. - The total non-current assets amounted to CNY 1,067,906,603.89, slightly up from CNY 1,060,109,564.21, reflecting an increase of about 0.7%[15]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 14,155, with no preferred shareholders[11]. - Major shareholders include Huang Jun with a 37.32% stake and Zhang Zhigang with a 28.86% stake[11]. Operational Costs and Expenses - Total operating costs amounted to ¥274,065,268.11, up from ¥217,690,897.82, indicating an increase of about 25.8%[18]. - The company incurred research and development expenses of ¥19,074,965.04, up from ¥16,329,739.70 in the previous period, indicating a growth of approximately 10.7%[18]. - The company experienced a decrease in financial expenses, which amounted to ¥1,709,028.28, compared to a gain of ¥1,498,887.41 in the previous year, reflecting a change of -214.02%[9]. Inventory and Receivables - Accounts receivable increased to CNY 427,569,068.17 from CNY 417,375,791.92, reflecting a growth of about 2.9%[14]. - The inventory balance rose to CNY 159,231,416.60 from CNY 142,737,995.09, indicating an increase of about 11.5%[15].

Group 1 - The company expects a net profit attributable to shareholders for 2024 to be between -25 million and -13 million yuan, with a net profit excluding non-recurring gains and losses expected to be between -24 million and -12 million yuan [1] - The decline in net profit is primarily due to the company's power/storage business and micro lithium-ion battery business still being in the capacity ramp-up phase, which has not yet achieved profitability [1] - The company has implemented a strategy of offering discounts to downstream customers to increase market share in the consumer electronics sector, resulting in lower gross margins compared to previous years [1] Group 2 - The company raised a total of 488 million yuan from its initial public offering, with a net amount of 434 million yuan, which is 185 million yuan less than originally planned [2] - The originally planned fundraising amount was 619 million yuan, intended for projects including the construction of micro lithium-ion battery and precision component production, notebook computer structural parts industrialization, and automation upgrades for consumer electronics components [2] - The total issuance costs for the initial public offering amounted to 53.77 million yuan, with underwriting fees of 35.34 million yuan [3] Group 3 - The company plans to raise up to 600 million yuan through the issuance of convertible bonds, with the funds intended for investment in manufacturing bases in South China and Vietnam, as well as for working capital [3] - The company has also proposed to raise up to 300 million yuan through a simplified procedure for issuing A-shares to specific investors, not exceeding 20% of the net assets at the end of the most recent year [3][4] - The total funds to be raised through convertible bonds and the issuance of A-shares is expected to be no more than 900 million yuan [4]

Financial Performance and Profitability - Net profit for 2024 is expected to be negative, ranging from -250 million RMB to -130 million RMB, a decrease of 199.66% to 151.82% compared to the same period last year[4] - The decline in net profit is attributed to the company's power/storage and micro lithium-ion battery businesses still in the customer development and capacity ramp-up phase, which have not yet achieved profitability[6] Non-Recurring Gains and Losses - Non-recurring gains and losses are expected to impact net profit by approximately 100 million RMB to 150 million RMB, mainly due to financial interest income, government subsidies, and asset disposal gains[7] Market Strategy and Gross Margins - The company implemented a strategy to offer discounts to downstream customers to expand market share in the consumer electronics business, resulting in lower gross margins compared to previous years[7] Financial Data and Audit Status - The financial data in this performance forecast is preliminary and has not been audited by an accounting firm[5]

证券代码：301180 证券简称：万祥科技 公告编号：2025-003 苏州万祥科技股份有限公司 苏州万祥科技股份有限公司 独立董事：黄鹏、顾月勤、张莉 2025 年 1 月 20 日 苏州万祥科技股份有限公司（以下简称"万祥科技"、"公司"）第二届董 事会独立董事专门会议 2025 年第一次会议于 2025 年 1 月 10 日以电话/书面方式 发出通知，并于 2025 年 1 月 20 日在公司会议室以通讯的方式举行。本次会议推 选独立董事黄鹏主持，应到独立董事三名，实到独立董事三名。本次会议的召开 和表决程序符合《公司法》、《证券法》、《公司章程》和《独立董事工作制度》的 有关规定。 一、审议通过《关于调整部分募投项目投资总额及募集资金用途变更的议案》； 经审议，我们认为：公司本次调整部分募投项目投资总额及募集资金用途变 更的相关事项，符合公司的业务发展需要。决策和审批程序符合《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》《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》，并符合《公司章程》及公司《募集资金管理办法》的 ...

证券代码：301180 证券简称：万祥科技 公告编号：2025-002 苏州万祥科技股份有限公司 第二届监事会第十三次会议决议公告 本公司及监事会全体成员保证信息披露内容的真实、准确、完整，没有虚假记载、误 导性陈述或重大遗漏。 一、监事会会议召开情况 苏州万祥科技股份有限公司（以下简称"万祥科技"、"公司"）第二届监事会 第十三次会议于 2025 年 1 月 10 日以电话/书面方式发出通知，并于 2025 年 1 月 20 日在公司会议室以通讯方式举行。本次会议由监事会主席谢建良先生主持， 应到监事三名，实到监事三名。本次会议的召开和表决程序符合《公司法》、《证 券法》和《公司章程》的有关规定。 二、监事会会议审议情况 1、审议通过《关于调整部分募投项目投资总额及募集资金用途变更的议案》 为了提高募集资金使用效益以及加快募集资金投资项目（以下简称"募投项 目"）的实施进度，公司拟变更部分募投项目投资总额及募集资金用途。 关于本次调整部分募投项目投资总额及募集资金用途变更的相关事项，独立 董事已召开了专门会议审议并通过，保荐机构东吴证券股份有限公司已出具了同 意的核查意见。 具体内容详见公司同日披露于巨潮资 ...

东吴证券股份有限公司 关于苏州万祥科技股份有限公司 变更部分募集资金投资项目的核查意见 东吴证券股份有限公司（以下简称"东吴证券"、"保荐机构"）作为苏州 万祥科技股份有限公司（以下简称"万祥科技"、"公司"）首次公开发行股票 并在创业板上市持续督导阶段的保荐机构，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 13 号——保荐业务》及《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》等有关规定，对万祥科技变更部分募集资 金投资项的事项进行了审慎核查，并出具本核查意见： 一、募集资金的基本情况 经中国证券监督管理委员会《关于同意苏州万祥科技股份有限公司首次公开 发行股票注册的批复》（证监许可[2021]2805 号）同意注册，万祥科技首次公开 发行人民币普通股票（A 股）4,001 万股，每股面值为人民币 1.00 元，每股发行 价格为人民币 12.20 元，募集资金总额为 488,122,000.00 元，扣除发行费用（不 含增值税）53,771,014.15 元后，募集资金净额为 434,350,985.85 ...

证券代码：301180 证券简称：万祥科技 公告编号：2025-001 苏州万祥科技股份有限公司 第二届董事会第十四次会议决议公告 本公司及董事会全体成员保证信息披露内容的真实、准确、完整，没有虚假记载、误 导性陈述或重大遗漏。 一、董事会会议召开情况 2025 年 1 月 20 日 二、董事会会议审议情况 1、审议通过《关于调整部分募投项目投资总额及募集资金用途变更的议案》 为了提高募集资金使用效益以及加快募集资金投资项目（以下简称"募投项 目"）的实施进度，公司拟变更部分募投项目投资总额及募集资金用途。 关于本次调整部分募投项目投资总额及募集资金用途变更的相关事项，独立 董事召开了专门会议审议通过，保荐机构东吴证券股份有限公司已出具了同意的 核查意见。 具体内容详见公司同日披露于巨潮资讯网（www.cninfo.com.cn）的《关于调 整部分募投项目投资总额及募集资金用途变更的的议案》 表决结果：7 票同意，0 票反对，0 票弃权。 苏州万祥科技股份有限公司董事会 苏州万祥科技股份有限公司（以下简称"万祥科技"、"公司"）第二届董事会 第十四次会议于 2025 年 1 月 10 日以电话/书面方式发出通 ...

2024 年度持续督导培训情况 苏州万祥科技股份有限公司（以下简称"万祥科技"或"公司"）首次公开发 行股票并于2021年11月16日在创业板挂牌交易。东吴证券股份有限公司（以下简称 "保荐机构"或"东吴证券"）作为保荐机构，持续督导的期间为2021年11月16日 至2024年12月31日。 根据《证券发行上市保荐业务管理办法》、《深圳证券交易所上市公司自律监 管指引第13号——保荐业务》等有关规定，东吴证券委派保荐代表人余哲、孙虎于 2024年12月31日对万祥科技实际控制人、董事、监事、高级管理人员等相关人员进 行了2024年度持续督导培训，现将相关情况报告如下： 东吴证券股份有限公司 关于苏州万祥科技股份有限公司 2、培训地点：苏州市吴中区淞葭路1688号万祥科技会议室 3、参加培训人员：实际控制人、董事、监事、高级管理人员等相关人员 （以下无正文） 2024 年度持续督导培训情况》之签章页） 一、培训基本情况 1、培训时间：2024年12月31日 4、培训主题：实际控制人、董监高减持规范 二、培训主要内容 鉴于万祥科技相关上市前已发行股份已于2024年11月解禁，保荐机构针对实际 控制人及董监高人员减 ...

东吴证券股份有限公司 关于苏州万祥科技股份有限公司 | 1.公司是否完全履行了相关承诺 | √ | | | --- | --- | --- | | 2.公司股东是否完全履行了相关承诺 | √ | | | （八）其他重要事项 | | | | 现场检查手段：1、查阅现金分红等相关决议、公告文件；2、查阅公司重大合同、大额资 金支付记录及相关审批文件；3、访谈公司董事会秘书，了解公司生产经营情况。 | | | | 1.是否完全执行了现金分红制度，并如实披露 | √ | | | 2.对外提供财务资助是否合法合规，并如实披露 | | √ | | 3.大额资金往来是否具有真实的交易背景及合理原因 | | √ | | 4.重大投资或者重大合同履行过程中是否不存在重大变化或者风 险 | √ | | | 5.公司生产经营环境是否不存在重大变化或者风险 | √ | | | 6.前期监管机构和保荐机构发现公司存在的问题是否已按相关要 | | √ | | 求予以整改 | | | | 二、现场检查发现的问题及说明 | | | | 经本保荐机构现场检查，在本次现场检查涵盖的期间，未发现需要进一步整改的事项。 | | | （以下无正文） ...