Financial Performance - The company's revenue from the automotive sector achieved significant growth compared to the same period last year, while the communication sector's revenue saw a substantial decline due to slower base station construction by major clients [4]. - Overall profit did not meet expectations, primarily due to a decrease in gross profit margin, an increase in operating expenses, and higher impairment losses during the reporting period [4]. - The company's operating revenue for 2024 reached ¥3,658,982,203.62, representing a 14.73% increase compared to ¥3,189,146,631.03 in 2023 [22]. - The net profit attributable to shareholders for 2024 was -¥163,835,838.33, a significant decline of 220.58% from ¥135,873,376.22 in 2023 [22]. - The net cash flow from operating activities decreased by 35.54% to ¥408,193,606.46 in 2024, down from ¥633,234,395.31 in 2023 [22]. - The total assets of the company increased by 25.11% to ¥7,128,038,558.71 at the end of 2024, compared to ¥5,697,467,578.01 at the end of 2023 [22]. - The company reported a basic earnings per share of -¥0.7779 for 2024, a decrease of 210.45% from ¥0.7043 in 2023 [22]. - The weighted average return on equity for 2024 was -5.17%, down from 5.09% in 2023, indicating a decline in profitability [22]. - The gross profit margin for communication components decreased by 10.33% to 6.80%, while the gross profit margin for automotive components was 9.68% [80]. Dividend Policy - The company plans not to distribute cash dividends, issue bonus shares, or increase share capital from reserves [5]. - The company will not distribute cash dividends for the fiscal year 2024 due to a negative net profit, ensuring stable and healthy development [199]. - The total distributable profit for the company is approximately ¥244.21 million [199]. - The cash dividend amount, including other methods, is ¥0, representing 0.00% of the total profit distribution [199]. - The company has not proposed any stock dividends or capital reserve transfers for the fiscal year 2024 [200]. Research and Development - The company continues to focus on technological advancements and market expansion strategies, although specific new products or technologies were not detailed in the report [4]. - R&D investment amounted to CNY 18,374,100.0, representing 5.02% of operating revenue, an increase of 0.38 percentage points compared to the previous year [77]. - R&D investment for 2024 reached approximately ¥183.74 million, representing an increase of 24.19% from ¥147.85 million in 2023 [89]. - R&D expenditure accounted for 5.02% of total revenue in 2024, up from 4.64% in 2023 [89]. - The number of R&D personnel increased by 15.60% to 630 in 2024, with a notable rise in master's degree holders by 112.50% [89]. Market and Industry Trends - The global 5G user base reached 2.1 billion by Q3 2024, with projections indicating it will grow to 6.3 billion by 2030, representing 66% of global mobile subscribers [33][36]. - The company is positioned to benefit from the ongoing expansion of 5G networks and the increasing demand for communication infrastructure as outlined in national strategic plans [36]. - In 2024, China's automobile production and sales reached 31.282 million and 31.436 million units, respectively, representing year-on-year growth of 3.7% and 4.5%, setting historical records [38]. - In 2024, China's new energy vehicle sales reached 12.866 million units, making up 40.9% of total new car sales [39]. - The forecast for 2025 indicates that China's automobile market will continue to grow, with total sales expected to reach 32.9 million units, a year-on-year increase of 4.7% [39]. Operational Efficiency - The company has established a global production layout with bases in Chongqing, Xiangyang, Dongguan, and Ma'anshan, and is currently building a production base in North America to quickly respond to customer needs [51]. - The production model is based on "sales-driven production," allowing for flexible manufacturing tailored to customer orders, which enhances operational efficiency [58]. - The company has advanced production processes and equipment, including high-vacuum die-casting and large integrated aluminum die-casting technology, enabling it to produce complex components with high precision [70]. Risk Management - The management discussion section outlines potential risks in the company's operations and corresponding countermeasures, which investors are advised to pay attention to [4]. - The company faces risks from cyclical fluctuations in the communication and automotive industries, which could impact its performance [129]. - Increased market competition in the die-casting industry may narrow overall profit margins if the company does not maintain its competitive advantages [130]. - Fluctuations in aluminum prices could adversely affect the company's operating performance if product price adjustments do not keep pace [131]. - The company has implemented risk control measures, including training personnel and establishing reporting systems for abnormal situations [109]. Corporate Governance - The company strictly adheres to corporate governance regulations, ensuring compliance with laws and enhancing operational standards [138]. - The board of directors consists of 9 members, including 3 independent directors, meeting the legal requirements [140]. - The supervisory board is composed of 3 members, including 1 employee supervisor, in compliance with legal standards [141]. - The company has implemented an internal audit system to ensure effective risk control and operational management [142]. - The audit committee oversees the communication between internal and external audits, ensuring compliance with internal control systems [143]. Employee Management - The company reported a total of 6,196 employees, with 1,867 in the parent company and 4,954 in major subsidiaries [195]. - The employee composition includes 3,555 production staff, 80 sales personnel, 598 technical staff, and 56 financial staff [195]. - The company has implemented a performance management system to enhance employee motivation and align with strategic goals [196]. - The training program for 2024 will focus on talent development through the establishment of a five-year plan for the "Zhumai Academy" to support business growth [197]. - The company has established a comprehensive welfare system, including social insurance and holiday benefits, to support employee well-being [196].

Financial Performance - The company's revenue for Q1 2025 was ¥881,337,006.40, representing a 14.39% increase compared to ¥770,492,800.16 in the same period last year[5] - The net profit attributable to shareholders was -¥60,109,546.52, a significant decline of 1,076.12% from ¥6,158,004.67 in the previous year[5] - Basic and diluted earnings per share were both -¥0.29, a decrease of 1,066.67% from ¥0.03 in the same quarter last year[5] - Net profit for the current period was a loss of ¥60,236,043.24, compared to a profit of ¥6,486,176.40 in the previous period[19] Cash Flow - The net cash flow from operating activities decreased by 99.43%, amounting to ¥1,065,831.62 compared to ¥185,370,698.37 in Q1 2024[5] - Cash inflows from operating activities amounted to ¥898,541,521.97, slightly down from ¥908,105,722.26 in the previous period[22] - Cash flow from operating activities net amount was 1,065,831.62, a significant decrease from 185,370,698.37 in the previous period[23] - Cash outflow from operating activities totaled 897,475,690.35, up from 722,735,023.89, indicating increased operational expenses[23] - The net increase in cash and cash equivalents was -33,413,404.84, contrasting with a positive increase of 141,617,379.12 in the prior period[23] Assets and Liabilities - Total assets at the end of Q1 2025 were ¥7,145,667,058.72, a slight increase of 0.25% from ¥7,128,038,558.71 at the end of the previous year[5] - The total liabilities decreased from 3,000,000,000 CNY to 2,900,000,000 CNY, a reduction of about 3.3%[15] - The total liabilities increased to ¥4,123,969,839.41, compared to ¥4,045,558,437.91 in the previous period, reflecting a growth of 1.9%[16] - The total equity attributable to shareholders decreased to ¥3,017,254,055.78 from ¥3,077,910,460.55, a decline of 2.0%[16] Expenses - Research and development expenses increased by 42.29% to ¥49,969,566.17, driven by the gradual commissioning of the Anhui factory and new project investments[9] - Management expenses rose by 33.95% to ¥51,585,517.99, attributed to increased employee compensation and travel expenses related to the Anhui factory[9] - Total operating costs increased to ¥937,034,174.61, up 23.5% from ¥758,882,972.91 in the previous period[18] Shareholder Information - The total number of common stock shareholders at the end of the reporting period is 20,853[11] - The largest shareholder, Meili Xin Holdings, holds 39.65% of the shares, totaling 83,513,140 shares[11] Inventory and Receivables - Accounts receivable decreased from 1,153,332,941.01 CNY to 1,017,800,353.60 CNY, a reduction of about 11.8%[14] - Inventory increased from 742,399,224.45 CNY to 824,004,509.62 CNY, an increase of approximately 11.0%[15] Investment Income - The company reported a significant increase in R&D expenses, totaling ¥49,969,566.17, which is a rise of 42.3% from ¥35,119,302.97 in the previous period[19] - The company’s investment income decreased by 142.22%, resulting in a loss of -¥473,885.11 compared to a gain of ¥1,122,477.72 in Q1 2024[9] Cash Management - The company's cash and cash equivalents decreased from 539,544,928.07 CNY to 512,514,821.13 CNY, a decline of approximately 5.7%[14] - The ending balance of cash and cash equivalents was 258,780,315.48, up from 225,699,662.83[23] - The company reported a significant decrease in cash received from investment recoveries, totaling 136,000,000.00 compared to 695,000,000.00 previously[23] - The company’s cash paid for the acquisition of fixed assets was 197,986,553.48, down from 327,679,563.57, indicating reduced capital expenditures[23] - The company’s cash paid for investments was 136,000,000.00, a decrease from 628,000,000.00, reflecting a strategic shift in investment focus[23]

本文源自：金融界 资金流向方面，4月21日，美利信主力资金净流出1059.81万元，近5日总体呈流入状态，5日共流入 2326.25万元。 重庆美利信科技股份有限公司主要从事通信领域和汽车领域铝合金精密压铸件的研发、生产和销售。通 信领域产品主要为4G、5G通信基站机体和屏蔽盖等结构件，汽车领域产品主要包括传统汽车的发动机 系统、传动系统、转向系统和车身系统以及新能源汽车的电驱动系统、车身系统和电控系统的铝合金精 密压铸件。公司前瞻性的与多家新能源汽车客户展开了合作，其中包含全球头部的两家新能源整车厂、 北美新能源新势力Rivian；国内多家造车新势力如蔚来、小鹏、智已；国内外知名一级零部件供应商， 如采埃孚、伊顿、爱信、舍弗勒等，此外公司在2024年上半年进入江淮、赛力斯、鹰峰电子等新客户的 供应体系。 最新一期业绩显示，2024年三季报，公司实现营业收入25.89亿元，同比9.63%；净利润-47934908.91 元，同比-134.16%，销售毛利率10.87%。 4月21日，美利信今日收盘23.8元，下跌1.57%，最新市净率1.57，总市值50.12亿元。 序号股票简称PE(TTM)PE(静)市净率 ...

Investment Rating - The report maintains a positive outlook on the domestic consumption electronics industry chain, suggesting a focus on companies related to this sector due to the resilience expected under the "reciprocal tariffs" policy [3]. Core Viewpoints - The report highlights that electronic products are a major category in China's exports to the US, with a total export scale of USD 125.8 billion in 2024, accounting for 24% of total exports to the US [3]. - It emphasizes the acceleration of domestic substitution due to increased tariffs, with a recommendation to focus on domestic companies in sectors significantly impacted by import tariffs, such as analog chips, CPUs, and semiconductor equipment [3]. - The report notes that the import tariff rate on all goods from the US has risen to 125%, enhancing the cost advantage of domestic products [3]. Summary by Sections Market Weekly Review - The TMT sector experienced declines across major industries, with electronics down 3.89%, computers down 5.79%, media down 6.78%, and communications down 7.67%, underperforming the CSI 300 index which fell 2.87% [3]. - The top-performing sub-industries included analog chip design (up 6.04%) and semiconductor equipment (up 2.23%), while the worst performers were communication network equipment and devices (down 11.74%) and printed circuit boards (down 10.16%) [3]. Industry News and Key Company Announcements - Significant events in the industry include the Siemens Data Center Ecosystem Conference and the 13th China Electronic Information Expo [16]. - The report mentions that global AI IT investment is projected to reach USD 315.8 billion in 2024, with a compound annual growth rate (CAGR) of 32.9% expected until 2028 [26]. - It also notes that the global generative AI market is anticipated to grow at a CAGR of 63.8%, reaching USD 284.2 billion by 2028, representing 35% of the total AI market investment [26].

Company Overview - Meilixin Technology Co., Ltd. focuses on the research, production, and sales of aluminum alloy precision die-casting parts in the communication and automotive sectors [1] - The company's products in the communication sector include structural components for 4G and 5G communication base stations, while in the automotive sector, it covers traditional and new energy vehicles' engine systems, transmission systems, steering systems, and body systems [1] Financial Performance - For the third quarter of 2024, the company reported a revenue of 2.589 billion yuan, representing a year-on-year increase of 9.63% [1] - The net profit for the same period was -47,934,908.91 yuan, showing a year-on-year decline of 134.16% [1] - The gross profit margin was recorded at 10.87% [1] Market Position - As of April 7, the company's stock closed at 18.72 yuan, down 19.21%, with a latest price-to-book ratio of 1.24 and a total market capitalization of 3.942 billion yuan [1] - The company experienced a net outflow of 3.2788 million yuan in principal funds on April 7, but had a total inflow of 8.0481 million yuan over the past five days [1] Industry Collaboration - The company has established forward-looking collaborations with several new energy vehicle clients, including leading global manufacturers and domestic new energy vehicle startups such as NIO, Xpeng, and Zhiqi [1] - Additionally, it has partnerships with well-known first-tier component suppliers like ZF, Eaton, Aisin, and Schaeffler, and is set to enter the supply chain of new clients such as JAC, Seres, and Eagle Peak Electronics in the first half of 2024 [1] Valuation Metrics - The company's price-to-earnings (P/E) ratio (TTM) is -75.27, while the industry average is 57.89, indicating a significant disparity in valuation [2] - The price-to-earnings (static) ratio stands at 29.02, with a price-to-book ratio of 1.24, compared to the industry median of 53.57 and 2.99 respectively [2]

Group 1 - The core viewpoint of the article highlights the performance and market position of Meilixin Technology Co., Ltd., including its recent stock price increase and financial results [1] - As of the latest quarterly report, 49 institutions hold shares in Meilixin, with a total holding of 283,400 shares valued at 0.06 billion yuan [1] - The company specializes in the R&D, production, and sales of precision die-casting parts made of aluminum alloy for the communication and automotive sectors, including products for 4G and 5G communication base stations and various automotive systems [1] Group 2 - The latest financial results for the third quarter of 2024 show that the company achieved a revenue of 2.589 billion yuan, representing a year-on-year increase of 9.63%, while the net profit was -47,934,908.91 yuan, a decline of 134.16% [1] - The gross profit margin for the company stands at 10.87% [1] - The company has established forward-looking collaborations with several leading new energy vehicle manufacturers, including Rivian and domestic players like NIO and Xpeng, as well as major component suppliers [1]

2025 年 4 月 1 日 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。 重庆美利信科技股份有限公司（以下简称"公司"）董事会于近日收到公司 高级管理人员周小强先生提交的书面辞职申请，周小强先生因个人原因申请辞去 公司高级管理人员职务。根据《公司法》《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 2 号——创业板上市公司规范运作》 等相关法律、法规及《公司章程》等的规定，周小强先生的辞职申请自辞职报告 送达董事会时生效，辞职后，周小强先生将不再担任公司任何职务。 周小强先生原定任期届满日为 2026 年 11 月 7 日。截至本公告披露日，周小 强先生未持有公司股份，其与公司控股股东、实际控制人、持有公司 5%以上股 份的股东、公司其他董事、监事、高级管理人员不存在关联关系，亦不存在应当 履行而未履行的承诺事项。 周小强先生的辞职不会影响公司相关工作的正常开展，公司董事会对周小强 先生在任职期间为公司做出的贡献表示感谢。 重庆美利信科技股份有限公司董事会 证券代码：301307 证券简称：美利信 公告编号：2025-009 重 ...

证券代码：301307 证券简称：美利信 | 投资者关系活 | 特定对象调研 分析师会议 □媒体采访 □业绩说明会 | | --- | --- | | 动类别 | □新闻发布会 □路演活动 | | | 现场参观 | | | □其他 (请文字说明其他活动内容) | | 时间 | 2025年3月20日 10：00-11：20 | | 地点 | 公司三楼会议室 | | 上市公司接待 | 副总经理、董事会秘书：王双松先生 | | | 营销中心销售管理部部长：易国勇先生 | | 人员姓名 | 证券事务代表：郭海芳女士 | | 参与单位名称 | 国盛证券有限责任公司：丁逸朦、姚立、刘伟 | | 及人员姓名 | 泰康资产管理有限责任公司：王敬 | | | 互动交流环节： | | | 问题1：公司北美项目的具体进展和布局？ | | | 答：公司北美工厂目前正按计划做投产前的相关生产准备工作 | | | ，包括厂房改造、设备采购、安装调试及人员培训等。 | | | 问题2：公司是基于什么原因选择了在美国布局海外市场? | | | 答：公司在布局海外市场前进行了充分的调研和考察，研究可 | | | 选目的地的商业环境、政策 ...

北京市朝阳区建国路77号华贸中心3号写字楼34层 邮政编码100025 电话: （86-10） 5809-1000 传真: （86-10） 5809-1100 北京市竞天公诚律师事务所 关于 重庆美利信科技股份有限公司终止重大资产购买之 相关主体买卖股票情况的自查报告 的专项核查意见 二〇二五年三月 引 言 2 所依赖政府有关部门、本次交易相关方或者其他有关机构出具的证明文件或声明 与承诺作出判断。 本所依据本专项核查意见出具日以前已经发生或存在的事实及国家正式公布、 实施的法律、法规和规范性文件，并基于对有关事实的了解和对法律的理解发表 法律意见。 致：重庆美利信科技股份有限公司 北京市竞天公诚律师事务所（以下简称"本所"）是一家在中国取得法律执 业资格的律师事务所。本所接受重庆美利信科技股份有限公司（以下简称"美利 信"、"公司"或"上市公司"）的委托，在美利信原拟通过其全资子公司美利 信科技国际有限公司（以下简称"香港美利信"）在卢森堡设立特殊目的公司以 支付现金的方式收购VOIT Automotive GmbH 97%股权以及Voit Polska Sp. Z o.o.100%股权（以下简称"本次交易 ...