Financial Performance - The company's operating revenue for 2024 reached ¥830,331,289.65, representing a 15.22% increase compared to ¥720,674,938.04 in 2023[21]. - The net profit attributable to shareholders for 2024 was ¥30,998,055.00, a decrease of 124.43% from ¥49,315,308.30 in 2023[21]. - The net cash flow from operating activities for 2024 was ¥38,163,096.50, down 56.17% from ¥87,072,574.00 in 2023[21]. - The total assets at the end of 2024 amounted to ¥2,009,782,680.00, an increase of 7.58% from ¥1,868,114,510.00 at the end of 2023[22]. - The company reported a basic earnings per share of -0.04 for 2024, a decline of 126.67% from ¥0.15 in 2023[21]. - The company experienced a significant drop in net profit in the fourth quarter of 2024, reporting a loss of ¥37,139,903.36[25]. - The company’s total equity attributable to shareholders decreased by 4.05% to ¥1,025,400,300.00 at the end of 2024[22]. - The company reported a total of $1.43 million in non-recurring gains in 2024, a significant decrease from $13.96 million in 2023[29]. - The company achieved operating revenue of 830 million yuan, a year-on-year increase of 15.22%, with a net profit attributable to shareholders of -7.57 million yuan[61]. - The revenue from connectors was 617 million yuan, accounting for 74.31% of total revenue, with a year-on-year increase of 9.11%[67]. Dividend Distribution - The company plans to distribute a cash dividend of 0.5 CNY per 10 shares (including tax) to all shareholders[5]. - The board of directors has approved the profit distribution plan based on the total share capital after deducting shares held in the repurchase account[5]. - The company approved a cash dividend of RMB 0.50 per 10 shares, with a total cash dividend amount of RMB 10,236,528.10, representing 100% of the total profit distribution[176]. Market and Industry Trends - The global consumer electronics market is projected to exceed $1 trillion in 2024, with a notable growth trend driven by technologies such as 5G, IoT, and AI[33]. - The global connector market is expected to reach $95.4 billion in 2024, with a compound annual growth rate of 6.11% in China's connector market over the past five years[34]. - The automotive connector market is experiencing increased demand, with the number of connectors in electric vehicles rising from 500 to 800-1000[35]. Product Development and Innovation - The company has completed the development of 3D printing equipment and has entered the mass production phase, providing a one-stop service from raw materials to finished products[39]. - The company is focusing on the semiconductor metal heat sink project, having completed sample deliveries to several key clients and started bulk supply[39]. - The company reported significant breakthroughs in new product development and customer acquisition, leading to notable growth in precision components and heat sinks[40]. - The company is developing a high-speed transmission anti-interference automotive connector with a data transmission rate reaching industry-leading levels, such as 20Gbps or higher[80]. - The company has developed a core technology system with independent intellectual property rights, including over 10 key technologies such as waterproof Type-C technology and automatic multi-material integrated forming technology[57]. Financial Management and Expenses - The company experienced a substantial increase in share-based payment expenses due to the stock incentive plan, alongside rising management and R&D costs, resulting in a net profit loss[40]. - Management expenses rose by 66.43% to ¥70,018,632.72, mainly driven by increased personnel compensation and factory depreciation[77]. - R&D expenses increased by 24.39% to ¥58,396,482.24[78]. - The company reported a significant increase in cash and cash equivalents, with a net decrease of ¥255,370,436.94, reflecting a 236.93% decline compared to the previous year[84]. Governance and Compliance - The company held two shareholder meetings during the reporting period, ensuring compliance with legal regulations and providing equal voting rights for all shareholders[129]. - The board of directors consists of 5 members, including 2 independent directors, and operates in accordance with relevant laws and regulations[130]. - The company maintains independence from its controlling shareholder, with a complete and autonomous operational structure[132]. - The company adheres to strict information disclosure practices, ensuring timely and accurate communication with investors[133]. Employee Management and Development - The total number of employees at the end of the reporting period is 1,568, with 988 in the parent company and 580 in major subsidiaries[169]. - The company has established a comprehensive welfare system, providing benefits beyond the statutory requirements to enhance employee satisfaction[170]. - The company emphasizes long-term employee training and development, focusing on safety compliance, professional skills, and management capabilities[172]. Environmental Responsibility - The company emphasizes environmental protection and adheres to national environmental regulations, having passed ISO14001 environmental management system certification[189]. - The company has implemented measures to treat wastewater from its production processes, ensuring compliance with local sewage treatment standards[190]. - The company has established a comprehensive waste management system, including the proper disposal of hazardous waste and solid waste, without causing adverse environmental impacts[190].

Financial Performance - The company's revenue for Q1 2025 was ¥162,248,905.57, representing a 7.60% increase compared to ¥150,785,710.88 in the same period last year[5] - The net profit attributable to shareholders was a loss of ¥12,170,909.33, a decrease of 376.67% from a profit of ¥4,399,035.52 in the previous year[5] - The net profit for Q1 2025 was a loss of ¥12,299,383.04, compared to a profit of ¥4,399,035.52 in the same period last year, indicating a significant decline[21] - The company reported a comprehensive loss of ¥10,310,441.66 for the quarter, contrasting with a comprehensive income of ¥3,148,645.60 in the same period last year[21] - Basic and diluted earnings per share were both reported at -¥0.06, compared to ¥0.04 in the previous year[22] Cash Flow - The net cash flow from operating activities increased by 279.66% to ¥49,873,643.70, up from ¥13,136,361.83 in the same period last year[5] - Cash inflow from operating activities increased by 44.59% to ¥223,627,503.46, driven by increased sales and reduced customer receivables[10] - Operating cash flow net amount increased to ¥49,873,643.70 from ¥13,136,361.83, representing a significant growth of 278%[23] - Cash inflow from operating activities totaled ¥223,627,503.46, up from ¥154,662,053.65, indicating a year-over-year increase of 44.6%[23] - Cash received from investment recoveries increased to ¥380,000,000.00 from ¥242,500,000.00, a growth of 56.5%[23] - Total cash inflow from investment activities was ¥382,159,491.36, compared to ¥246,387,674.26, marking a rise of 55%[23] Assets and Liabilities - The total assets at the end of the reporting period were ¥2,016,195,620.83, a slight increase of 0.32% from ¥2,009,782,688.44 at the end of the previous year[5] - Total current assets amount to 1,030,376,281.86 CNY, down from 1,083,383,784.46 CNY at the beginning of the period, representing a decrease of approximately 4.9%[17] - Total liabilities increased to ¥998,843,015.28 from ¥984,317,505.36, reflecting a rise of 1.6%[19] - The owner's equity totaled ¥1,017,352,605.55, down from ¥1,025,465,183.08, showing a decrease of 0.1%[19] Expenses - Total operating costs increased to ¥181,395,172.29, up 21.8% from ¥148,798,588.58 in the previous period, with operating costs specifically rising to ¥131,515,714.58, a 18.4% increase[20] - Sales expenses rose by 35.21% to ¥6,323,270.31, primarily due to increased personnel costs in semiconductor packaging and 3D printing business modules[9] - The company experienced a 556.14% increase in financial expenses, totaling ¥4,172,745.80, due to reduced returns from bank wealth management products[10] - Research and development expenses for the quarter were ¥16,915,813.85, an increase of 14.8% from ¥14,742,720.26 in the previous period[20] Shareholder Information - Total number of common shareholders at the end of the reporting period is 8,776[12] - The largest shareholder, Wang Yutian, holds 44.90% of shares, totaling 92,799,243 shares, with 12,700,000 shares pledged[12] - The second-largest shareholder, Kunshan Haoxun YU Enterprise Management Co., Ltd., holds 10.48% of shares, totaling 21,660,949 shares[12] Legal and Market Developments - The company is currently involved in a legal dispute regarding profit distribution, with a case filed in court[15] - The company has not disclosed any new product developments or market expansion strategies in the current report[15] Other Financial Metrics - The company reported a significant increase in accounts receivable financing, which rose by 305.03% to ¥37,903,409.14 due to increased settlement of goods[9] - The company's construction in progress increased by 32.18% to ¥99,673,571.83, attributed to ongoing investment projects[9] - Deferred tax assets increased to ¥24,262,306.31 from ¥19,888,756.88, marking a rise of 21.8%[19] - Cash outflow from investing activities was ¥466,905,085.22, compared to ¥418,713,515.10 in the previous period, reflecting a rise of 11.6%[24] - Net cash flow from investing activities showed an improvement, with a loss of ¥84,745,593.86, narrowing from a loss of ¥172,325,840.84[24] - Cash inflow from financing activities was ¥210,000,000.00, down from ¥237,067,816.75, a decrease of 11.4%[24] - Net cash flow from financing activities decreased to ¥16,628,697.98 from ¥30,563,890.68, a decline of 45.4%[24] - The ending balance of cash and cash equivalents was ¥128,625,225.34, down from ¥300,989,424.51, a decrease of 57.3%[24]

证券研究报告 | 公司动态点评 2025 年 04 月 09 日 鸿日达（301285.SZ） 全年净利润水平承压，积极拓展 3D 打印及半导体散热片新业务 | 财务指标 | 2022A | 2023A | 2024E | 2025E | 2026E | | --- | --- | --- | --- | --- | --- | | 营业收入（百万元） | 594 | 721 | 862 | 1,218 | 1,695 | | 增长率 yoy（%） | -3.9 | 21.3 | 19.7 | 41.3 | 39.1 | | 归母净利润（百万元） | 49 | 31 | -7 | 126 | 173 | | 增长率 yoy（%） | -21.4 | -37.0 | -124.1 | 1792.6 | 37.0 | | ROE（%） | 4.9 | 2.7 | -0.7 | 11.1 | 13.2 | | EPS 最新摊薄（元） | 0.24 | 0.15 | -0.04 | 0.61 | 0.84 | | P/E（倍） | 107.4 | 170.4 | -707.2 | 41.8 | 30.5 | | P/ ...

电子行业今日下跌11.04%，全天主力资金净流出210.41亿元，该行业所属的个股共461只，今日上涨的 有2只；下跌的有457只，跌停的有276只。以资金流向数据进行统计，该行业资金净流入的个股有32 只，净流入资金居首的是同兴达，今日净流入资金1971.10万元，紧随其后的是龙迅股份、鸿日达，净 流入资金分别为1581.77万元、1359.35万元。电子行业资金净流出个股中，资金净流出超亿元的有48 只，净流出资金居前的有中芯国际、寒武纪、北方华创，净流出资金分别为8.83亿元、7.08亿元、5.28 亿元。（数据宝） 电子行业资金流入榜 | 代码 | 简称 | 今日涨跌幅（%） | 今日换手率（%） | 主力资金流量（万元） | | --- | --- | --- | --- | --- | | 002845 | 同兴达 | -8.68 | 5.98 | 1971.10 | | 688486 | 龙迅股份 | -11.72 | 3.69 | 1581.77 | | 301285 | 鸿日达 | -6.71 | 9.85 | 1359.35 | | 688361 | 中科飞测 | -3.42 | 4.19 ...

Market Overview - After the Spring Festival and during the Two Sessions, the TMT sector led by Deepseek has initiated a "revaluation of Chinese assets" trend, supported by a relatively stable RMB exchange rate and positive policy expectations[1] - The A-share and Hong Kong technology sectors currently exhibit a high risk appetite, although adjustments have been observed since mid-March due to uncertainties surrounding the new round of "reciprocal tariffs" from the US and concerns over AI "computing power bubbles"[1] - In March, the Shanghai Composite Index, CSI 300 Index, and ChiNext Index recorded gains of +0.45%, -0.07%, and -3.07%, respectively[1] Policy and Economic Outlook - The 2025 Two Sessions emphasized expanding domestic demand and promoting consumption as primary objectives, with a focus on addressing low domestic inflation and external uncertainties[2] - The "Consumption Promotion Action Plan" issued on March 16 aims to enhance consumer capacity and stabilize the stock market, with expectations for new capital market policies to accelerate implementation[2] - The central bank reiterated the need for a moderately loose monetary policy, with potential for reserve requirement ratio (RRR) and interest rate cuts based on economic conditions[2] Investment Recommendations - Focus on large consumption and cyclical industries in Q2, particularly those showing signs of recovery or strong performance[3] - Continue to monitor defensive sectors such as banking and dividend stocks due to external uncertainties[4] - The long-term trend for AI remains positive, with significant investment from major domestic companies, presenting potential short-term investment opportunities during market corrections[5] Selected Stock Portfolio - The recommended portfolio includes stocks from various sectors: China Mobile, Hongri Da, Lu Wei Optoelectronics, Sinovac Biotech, and others, covering telecommunications, pharmaceuticals, machinery, and non-bank financials[5]

Group 1 - The company expects a net loss for the current reporting period, with a projected loss of 7 million to 9 million yuan compared to a profit of 30.9981 million yuan in the same period last year [1] - The net loss after deducting non-recurring gains and losses is estimated to be between 9.3 million and 11.5 million yuan, compared to a profit of 17.041 million yuan in the previous year [1] - The increase in operating income is attributed to industry recovery and increased orders, but the net profit is negatively impacted by rising management and R&D expenses due to product development in new areas such as 3D printing [1] Group 2 - The company has communicated with its accounting firm regarding the performance forecast, and there are no significant discrepancies between the company and the auditors regarding the forecast data [1] - The company acquired a Vietnamese solar company, which has been renamed, and the transaction is expected to result in negative goodwill of approximately 18.19 million yuan [2] - The accounting firm has advised that certain external income should not be recognized in the 2024 fiscal year due to the nature of the acquisition and the timing of income recognition [3]

Financial Performance - The company expects a net loss of between 7 million and 9 million RMB for the fiscal year 2024, compared to a profit of 30.9981 million RMB in the same period last year[3]. - The net loss after deducting non-recurring gains and losses is projected to be between 9.3 million and 11.5 million RMB, down from a profit of 17.0410 million RMB in the previous year[3]. - The company recognized a fiscal subsidy income of 9.9 million RMB, with a corresponding after-tax income of 8.415 million RMB, which is considered part of the 2024 revenue[5]. Expenses and Costs - The increase in management and R&D expenses is attributed to the introduction of a professional team and intensified product development in new fields such as semiconductor packaging and 3D printing equipment[5]. - The company has experienced a significant rise in raw material procurement costs, particularly for gold salts, which has impacted profit levels[5]. Acquisitions and Goodwill - In June 2024, the company’s subsidiary acquired a Vietnamese solar company, resulting in a negative goodwill of approximately 18.19 million RMB[5]. Financial Reporting and Forecasts - The financial data in the earnings forecast has not been finalized by the registered accountants, and the company has communicated with the auditing firm regarding this matter[4]. - The company did not disclose the earnings forecast in January 2025 as it believed the expected performance did not meet the disclosure criteria[9]. - The company’s board of directors has expressed regret over the discrepancies between the latest earnings forecast and previous assessments[10]. Investor Advisory - Investors are advised to exercise caution and be aware of investment risks as the detailed financial data will be disclosed in the 2024 annual report[8].

证券代码：301285 证券简称：鸿日达 公告编号：2025-009 鸿日达科技股份有限公司 关于使用部分闲置募集资金进行现金管理的进展公告 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。 鸿日达科技股份有限公司（以下简称"公司"）于 2024 年 8 月 9 日召开第二届董事 会第八次会议、第二届监事会第七次会议，审议通过了《关于使用部分闲置募集资金进 行现金管理的议案》，同意在不影响募集资金投资项目建设和公司正常经营的前提下， 公司及子公司使用不超过人民币 40,000 万元的闲置募集资金进行现金管理，使用期限 自前次募集资金现金管理的授权到期之日起 12 个月内有效，即 2024 年 11 月 3 日至 2025 年 11 月 2 日。在上述额度的有效期内，资金可滚动使用，同时授权公司董事长在上述 额度和期限范围内行使投资决策权并签署相关文件，公司财务部门具体办理相关事宜。 具体内容详见公司 2024 年 8 月 10 日披露于巨潮资讯网（www.cninfo.com.cn）的《关 于使用部分闲置募集资金进行现金管理的公告》（公告编号：2024-057） ...

证券代码：301285 证券简称：鸿日达 公告编号：2025-008 鸿日达科技股份有限公司 | 签约 | 签约 | 产品 | 金额 | 产品 | 起息 | | 到期 | | 预期年化 | 资金 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 主体 | 银行 | 名称 | （万元） | 类型 | 日期 | | 日期 | | 收益率 | 来源 | | 东台润田 | 中信银行 昆山高新 | 共赢智信汇率 | | 保本浮 | 2025 | 年 | 2025 | 年 | | | | | | 挂钩人民币结 | | | | | | | | 闲置募 | | 精密科技 | 技术产业 | 构性存款 21962 | 1,000 | 动收益 | 3 月 17 | | 6 月 | 18 | 1.05%-2.05% | 集资金 | | 有限公司 | 开发区支 | 期 | | 型 | 日 | | 日 | | | | | | 行 | | | | | | | | | | | | | | | | | | 2028 | 年 | | | | 鸿日达科 ...

证券研究报告 | 公司动态点评 2025 年 03 月 11 日 鸿日达（301285.SZ） 积极打造 3D 打印等新业务增长曲线，半导体散热片产能加速释放 助力公司业绩提升 | 财务指标 | 2022A | 2023A | 2024E | 2025E | 2026E | | --- | --- | --- | --- | --- | --- | | 营业收入（百万元） | 594 | 721 | 877 | 1,239 | 1,721 | | 增长率 yoy（%） | -3.9 | 21.3 | 21.7 | 41.2 | 38.9 | | 归母净利润（百万元） | 49 | 31 | 55 | 132 | 211 | | 增长率 yoy（%） | -21.4 | -37.0 | 76.3 | 141.3 | 59.9 | | ROE（%） | 4.9 | 2.7 | 5.1 | 10.9 | 14.9 | | EPS 最新摊薄（元） | 0.24 | 0.15 | 0.26 | 0.64 | 1.02 | | P/E（倍） | 148.8 | 236.1 | 133.9 | 55.5 | 34.7 | ...