Financial Performance - The company's operating revenue for 2024 reached ¥856,602,024.45, representing a 15.75% increase compared to ¥740,021,358.32 in 2023[5] - Net profit attributable to shareholders for 2024 was ¥70,516,160.08, a 34.12% increase from ¥52,577,113.51 in 2023[5] - The net profit after deducting non-recurring gains and losses was ¥63,581,566.40, showing a significant increase of 60.25% from ¥39,675,731.24 in 2023[5] - The basic earnings per share for 2024 was ¥0.66, a 34.69% increase compared to ¥0.49 in 2023[5] - The weighted average return on equity for 2024 was 4.91%, an increase of 1.17% from 3.74% in 2023[5] - The gross profit margin for the company's products was 32.21%, an increase of 2.38 percentage points compared to the previous year[83] - The gross profit margin for solder paste printing equipment was 40.33%, with a slight increase of 0.04% year-on-year[92] - The company achieved a revenue of 856.60 million yuan, representing a year-on-year growth of 15.75%[90] - The net profit attributable to shareholders was 70.52 million yuan, with a year-on-year increase of 34.12%[83] Dividend Distribution - The company plans to distribute a cash dividend of 2.00 RMB per 10 shares to all shareholders, based on a total of 106,400,000 shares[4] - The company plans to distribute a cash dividend of 2.00 RMB per 10 shares, totaling 21,280,000.00 RMB, which represents 30.18% of the net profit attributable to shareholders for 2024[195] - The total distributable profit for the company in 2024 is 342,899,942.39 RMB, after accounting for a net profit of 72,074,552.24 RMB and a legal surplus reserve of 7,207,455.22 RMB[195] - The cash dividend amount is 100% of the total profit distribution, indicating a strong commitment to returning value to shareholders[195] Research and Development - The company has obtained a total of 212 patents, including 48 invention patents, 159 utility model patents, and 5 design patents as of December 31, 2024[78] - The company added 18 invention patents and 30 utility model patents during the reporting period, enhancing its technological portfolio[78] - The R&D center comprises seven common technology modules, focusing on high-tech and monopolistic products to strengthen the company's competitive edge[77] - The company emphasizes continuous innovation and optimization of existing technologies to improve product performance and core technology systems[77] - The company is focused on enhancing its core product capabilities to meet the increasing demand for high-precision and high-efficiency manufacturing solutions[45] - R&D investment for 2022, 2023, and 2024 is projected at CNY 71.18 million, CNY 74.46 million, and CNY 78.13 million, representing 9.13%, 10.06%, and 9.12% of revenue respectively[78] - The company is increasing its R&D investment in the semiconductor equipment sector, despite high technical barriers and uncertainties in the development process[143] Market Trends and Industry Outlook - The electronic information manufacturing industry in China is expected to grow, with a production increase of 11.8% and revenue growth of 7.3% in 2024[27] - The demand for electronic assembly equipment is driven by the growth in downstream applications, particularly in consumer electronics and automotive electronics[29] - The global AI smartphone sales are projected to reach 170 million units in 2024, representing a year-on-year growth rate of 233%[29] - Global investment in artificial intelligence is expected to reach $423.6 billion by 2027, with a compound annual growth rate (CAGR) of 26.9% from 2022 to 2027, driven primarily by AI hardware[30] - Global server sales are projected to reach $151.56 billion in the first three quarters of 2024, representing a year-on-year growth of 65.0%, with the overall market expected to grow at a CAGR of 18.8% from 2023 to 2028, reaching $216.4 billion[30] - In 2024, retail sales of passenger vehicles in China are expected to reach 22.894 million units, a year-on-year increase of 5.5%, with new energy vehicles (NEVs) projected to account for 10.899 million units sold, up 40.7% year-on-year[33] - The penetration rate of new energy vehicles in China is expected to reach 47.6%, an increase of 12 percentage points year-on-year[33] Operational Challenges and Risks - The company faces risks from external economic uncertainties and intensified market competition, which may pressure profitability[139][140] - The company faces increased operational pressure due to a general slowdown in global and domestic economic growth, particularly in the consumer electronics sector[141] - The company is experiencing market volatility risks due to the diverse nature of its product offerings across multiple industries and regions, which can help hedge against risks from single industries or regions[142] - The company has seen an increase in long-term receivables due to varying payment cycles for different products, which poses a risk of bad debt losses if clients' financial conditions deteriorate[144] - The company has implemented measures to strengthen credit control and collection efforts for accounts receivable, including classifying clients and monitoring their credit status[144] Corporate Governance - The company has established an independent financial department with a standardized financial accounting system and independent financial management[159] - The company maintains a complete and independent business system, ensuring no competition with the controlling shareholder[157] - The company has independent personnel management systems, with all senior management receiving compensation solely from the company[158] - The company has a governance structure in place with a board of directors, supervisory board, and established rules for meetings[161] - The company has complied with legal and regulatory requirements regarding corporate governance without significant discrepancies[155] Employee and Workforce Management - The total number of employees at the end of the reporting period is 1,137, with 1,104 in the parent company and 33 in major subsidiaries[186] - The company has 278 R&D personnel, representing approximately 24.5% of the total workforce[186] - The company has implemented a competitive salary system based on job value and individual performance, ensuring alignment of interests among shareholders, the company, and core team members[187] - The company has established a training program to enhance the quality and effectiveness of employee training, ensuring practical application of skills[188] - The company has no retired employees requiring expense coverage, indicating a focus on maintaining a young workforce[186] Future Strategies - The company plans to enhance its market competitiveness through the development of new technologies and products, including a piezoelectric solder paste jet valve and an automatic printing and inspection machine[102] - In 2025, the company plans to focus on expanding its market share despite external uncertainties and will continue to invest in long-term growth strategies[134] - The company will increase resource allocation for new product development in the semiconductor sector to enhance market share[135] - The company emphasizes innovation as a core focus for 2025, aiming to improve R&D efficiency and introduce new products for emerging applications[136] - The company plans to enhance its human resources strategy by attracting high-level talent and optimizing performance evaluation systems[137] - The company will implement refined management practices to improve operational efficiency and reduce costs through digitalization and process optimization[138]

专注高端精密自动化装备，核心锡膏印刷稳健经营。公司主营业务为锡膏印刷设备、点胶设备、柔性自 动化设备及封装设备。公司2023 年全年实现营业收入/归母净利润7.40 亿元/0.53 亿元，分别同 比-5.04%/-58.63%，2024Q1-Q3 分别实现营收/归母净利润5.77 亿元/0.44 亿元，分别同比 +31.57%/+5.39%。锡膏印刷设备和封装设备贡献公司主要营收，2023 年锡膏印刷设备/封装设备营收占 比分别为54.27%/29.32%，毛利占比分别为72.36%/5.30%。 高精度智造领跑电子装联，国产替代驱动增长。公司研发投入逐年增加，研发投入强度常年保持在 6%-10%。全球点胶设备市场规模呈现稳步增长态势，公司精密点胶突破垄断，多领域需求引领高端智 造，点胶机市占率逐年提升。公司柔性自动化设备为高度定制化设备，根据不同工艺对应进行不同的模 块化搭配，公司所占市场份额与行业领先的公司相比仍有一定差距，但行业发展前景较好，且公司持续 进行研发投入，具有较好的成长空间。 公司专注高端精密自动化装备，拥有国内外客户群体多，锡膏印刷全球稳居行业龙头；国产精密点胶突 破垄断，高密度封装技术破 ...

Summary of KGG Precision Machinery Conference Call Company Overview - KGG Precision Machinery operates in four main business segments: solder paste printing equipment, dispensing equipment, flexible automation equipment, and packaging equipment. The first three are primarily used in the electronic assembly industry, while the latter is used for semiconductor and LED packaging [3][4]. Core Business Insights - The electronic assembly downstream applications include consumer electronics (approximately 33%), automotive electronics (approximately 20%), network communication (approximately 20%), and medical devices (approximately 10%) [3]. - In 2024, consumer electronics experienced continuous growth for seven consecutive quarters, driven by increased circuit board demand from new energy vehicles and a significant rise in AI server demand, leading to a notable increase in product shipments [3]. - KGG's dispensing equipment saw a doubling in revenue, increasing from 50 million to around 100 million, attributed to core component localization and technological innovation [3][4]. - KGG's solder paste printing equipment holds a leading global market share, with over 50% in the domestic market and approximately 30% globally [3][9]. Market Performance - In Q1, the company reported strong performance, with solder paste printing and dispensing equipment shipments increasing by 30%-40% year-on-year [7][24]. - High-end solder paste printing product demand is increasing, with expected shipments nearing historical highs in 2024, and projected to account for over 70% of sales in 2025, primarily in mobile phones, servers, and new energy vehicles [14][3]. Strategic Partnerships and Innovations - KGG has collaborated with Huawei on a patented "integrated printing and mounting" technology, which has begun bulk supply, generating an order volume of approximately 70 million yuan with a gross margin exceeding 40% [15][16]. - The company is actively seeking acquisition opportunities to enhance its semiconductor product line, particularly in GaN and SiC aging test equipment [19][23]. Research and Development - R&D investment accounts for about 10% of revenue, with a focus on seven common technology groups, incentivizing teams with revenue sharing based on new product gross margins [5]. Sales and Distribution - KGG has 24 offices nationwide and a sales subsidiary in Singapore, with products registered in over 70 countries and regions, covering 50 countries [6]. Financial Outlook - The company anticipates overall growth of 20%-30% in the first half of the year, with a strong likelihood of doubling revenue and profit over the next three years, returning to historical peak levels [24]. Market Trends - The domestic solder paste printing market is valued at approximately 1 billion yuan, while the global market is around 2.6 billion yuan, with a compound annual growth rate of about 5% in the electronic assembly industry [11]. Competitive Landscape - The domestic dispensing market is estimated at 30 billion yuan, with major competitors including Japanese and American firms [8]. KGG's dispensing equipment currently has a gross margin of about 36%, with potential for further improvement as sales increase [8]. Conclusion - KGG Precision Machinery is well-positioned in the electronic assembly and semiconductor equipment markets, with strong growth prospects driven by technological innovation, strategic partnerships, and a robust market presence. The company is focused on expanding its product offerings and enhancing profitability through R&D and potential acquisitions.

证券代码：301338 证券简称：凯格精机 东莞市凯格精机股份有限公司投资者关系活动记录表 编号：2025-001 答：公司将持续加大泛半导体及半导体产品的资源投入，积 极引进行业专业人才提高产品性能，提升新产品的开发能 力。公司目前半导体设备有：半导体植球机满足基板级、晶 圆级、芯片级三种植球工艺，半导体印刷设备可应用于先进 封装的存储器、LCD 驱动器、射频器件、逻辑器件等领域， 半导体固晶设备可应用于集成电路、消费电子、通信系统、 封装器件等领域，半导体点胶设备可应用于半导体点锡、芯 片包封、芯片级封装等领域。 公司将携半导体核心新品与创新解决方案，亮相 SEMICON China 2025，也欢迎投资者莅临展位参观。 4、请问公司近期有并购重组的计划吗？ 答：公司关注到鼓励并购重组的相关政策，并将根据行业现 状和自身业务发展需要规划布局。未来若有相关计划，将根 据相关规定及时履行信息披露义务，敬请关注公司公告。 | 投资者关系活 | □特定对象调研 □分析师会议 | | --- | --- | | 动类别 | □媒体采访 □业绩说明会 | | | □新闻发布会 □路演活动 | | | 现场参观 | ...

证券代码：301338 证券简称：凯格精机 公告编号：2025-002 东莞市凯格精机股份有限公司 第二届监事会第十二次会议决议公告 本公司及监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。 东莞市凯格精机股份有限公司（以下简称"公司"）第二届监事会第十二次 会议于 2025 年 1 月 21 日在公司会议室以现场方式召开。本次会议通知于 2025 年 1 月 16 日以电子邮件方式发出，会议应出席监事 3 人，实际出席监事 3 人。 会议由监事会主席张艳女士召集并主持。本次会议的召集、召开符合《公司法》 和《公司章程》的有关规定，会议合法有效。 一、监事会会议审议情况 经过各位监事认真审议，本次会议形成如下决议： 1、审议通过《关于 2024 年第四季度计提资产减值准备的议案》 经审核，监事会认为：本次计提资产减值准备符合《企业会计准则》和公司 制度的规定，会计处理依据充分，能真实反映公司的财务状况和经营成果，有助 于向投资者提供可靠、准确的会计信息。本次计提资产减值准备的决策程序合法 合规，监事会一致同意本次事项。 具体内容详见公司同日披露于巨潮资讯网（www.cn ...

证券代码：301338 证券简称：凯格精机 公告编号：2025-001 东莞市凯格精机股份有限公司 第二届董事会第十三次会议决议公告 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。 东莞市凯格精机股份有限公司（以下简称"公司"）第二届董事会第十三次 会议于 2025 年 1 月 21 日在公司会议室以现场及通讯表决相结合的方式召开。本 次会议通知于 2025 年 1 月 16 日以电子邮件方式发出，会议应出席董事 5 人，实 际出席董事 5 人，其中王钢先生、谢园保先生通过通讯方式表决。会议由董事长 邱国良先生召集并主持，公司监事及高级管理人员列席本次会议。本次会议的召 集、召开符合《公司法》和《公司章程》的有关规定，会议合法有效。 2、第二届董事会第十三次会议决议。 特此公告。 一、董事会会议审议情况 本议案已经公司第二届董事会审计委员会第十一次会议审议通过。 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 2024 年第四季度计提资产减值准备的公告》。 表决结果：同意 5 票，反对 0 票，弃权 0 票。 二、备查文件 ...

证券代码：301338 证券简称：凯格精机 公告编号：2024-038 东莞市凯格精机股份有限公司 关于控股股东一致行动人变更名称及其他工商信息 暨完成工商变更登记的公告 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、误导性陈述或重大遗漏。 东莞市凯格精机股份有限公司（以下简称"公司"）于近日收到控股股东一致 行动人南京凯灵格创业投资合伙企业（有限合伙）的通知，其对名称、住所等工 商信息进行了变更，并已完成工商变更登记手续，取得了由海南省市场监督管理 局换发的《营业执照》。变更后的营业执照相关登记信息如下： 统一社会信用证代码：91360622MA36YKYK8Q 名称：海口凯格创业投资合伙企业(有限合伙) 类型：有限合伙企业 执行事务合伙人：邱国良 成立日期：2017 年 12 月 07 日 主要经营场所：海南省海口市龙华区滨海街道滨海大道 32 号复兴城 A1 区 A5002-946 号 公司控股股东一致行动人的相关工商信息变更事项不涉及公司的持股情况 变动，公司控股股东及实际控制人亦未发生变化。 特此公告。 东莞市凯格精机股份有限公司 董事会 2024 年 11 月 29 日 ...

北京市通商（深圳）律师事务所 关于东莞市凯格精机股份有限公司 2024 年第二次临时股东大会的法律意见书 致：东莞市凯格精机股份有限公司 北京市通商（深圳）律师事务所（以下简称"本所"）接受东莞市凯格精机 股份有限公司（以下简称"公司"）的委托，委派关骁律师、徐楚婷律师出席了 公司 2024 年第二次临时股东大会（以下简称"本次股东大会"），并根据《中 华人民共和国公司法》、《中华人民共和国证券法》等中国法律、法规及规范性 文件（以下简称"相关法律、法规"，为本法律意见书之目的，"中国"不包括 香港特别行政区、澳门特别行政区和台湾地区）以及《东莞市凯格精机股份有限 公司章程》（以下简称"《公司章程》"）的相关规定，对本次股东大会召开的 合法性进行见证，依法出具本法律意见书。 中国深圳市南山区枢纽大街 66 号前海周大福金融大厦南塔 10 楼 10/F, HyQ, Chow Tai Fook Finance Tower No. 66 Shu Niu Avenue, Qian Hai, Shenzhen, China 电话 Tel: +86 755 8351 7570 传真 Fax: +86 755 8351 5 ...

证券代码：301338 证券简称：凯格精机 公告编号：2024-037 东莞市凯格精机股份有限公司 2024年第二次临时股东大会决议公告 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. 本次股东大会未出现否决议案的情形。 2. 本次股东大会未涉及变更以往股东大会已通过的决议。 一、 会议召开情况 1. 会议召开时间： 现场会议时间：2024年11月27日（星期三）15:30 网络投票的时间：通过深圳证券交易所交易系统进行网络投票的具体时间为：2024 年11月27日（星期三）上午9:15-9:25、9:30-11:30，下午13:00-15:00。通过互联网投票系 统投票的具体时间为：2024年11月27日（星期三）上午9:15至下午15:00期间的任意时间。 2. 现场会议召开地点：东莞市东城街道沙朗路2号公司会议室 3. 会议召集人：公司第二届董事会 4. 会议主持人：公司董事长邱国良先生 5. 会议召开方式：本次股东大会采取现场投票和网络投票相结合的方式召开。 6. 本次会议的召集、召开与表决程序均符合《公司法》《证券法》《深圳证券交 ...

Investment Rating - The report maintains a "Buy" rating for the company [2] Core Insights - The company has shown robust revenue growth, with a year-on-year increase of 31.57% in revenue for the first three quarters of 2024, reaching 577 million yuan, and a significant 143.76% increase in net profit for Q3 2024 [2] - The company has established strong relationships with numerous well-known enterprises, securing orders from leading clients across various sectors [2] - The report forecasts revenue and net profit growth for 2024-2026, estimating revenues of 917 million yuan, 1.10 billion yuan, and 1.30 billion yuan, with corresponding net profits of 63 million yuan, 82 million yuan, and 96 million yuan [2][3] Financial Performance - For Q3 2024, the company achieved a revenue of 218 million yuan, a 43.93% increase year-on-year, and a net profit of 17 million yuan, reflecting a 143.76% increase [2] - The gross profit margin for the first three quarters of 2024 was 32.38%, down by 4.04 percentage points year-on-year, while the company effectively managed its expense ratios [2] - The company’s projected earnings per share (EPS) for 2024, 2025, and 2026 are 0.59 yuan, 0.77 yuan, and 0.90 yuan, respectively, with corresponding price-to-earnings (P/E) ratios of 59, 45, and 38 [2][3] Market Position - The company has registered its trademark "GKG" in over 70 countries and regions, with products sold in more than 50 countries, indicating a strong global market presence [2] - The company has a solid client base, including major players like Foxconn, Luxshare Precision, Huawei, and BYD, which enhances its market credibility [2]