证券代码： 301362 证券简称：民爆光电 深圳民爆光电股份有限公司投资者关系活动记录表 | --- | --- | --- | |-------------------------|-----------------------------------|---------------------------------------------------------------------------------------------------------------| | | | | | 投资者关系活动 | □ 特定对象调研 | □ 分析师会议 | | 类别 | □ 媒体采访 | √ 业绩说明会 | | | □ 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） | | 参与单位名称及 人员姓名 | 投资者网上提问 | | | 时间 | 2024 年 12 月 12 日 | (周四) 下午 14:30~17:00 | | 地点 | 采用网络远程的方式召开业绩说明会 | 公司通过全景网"投资者关系互动平台"（https://ir.p5w.n ...

证券代码：301362 证券简称：民爆光电 公告编号：2024-053 深圳民爆光电股份有限公司 关于参加 2024 年度深圳辖区上市公司集体接待日活动的公告 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。 为进一步加强与投资者的互动交流，深圳民爆光电股份有限公司（以下简称"公 司"）将参加由深圳证监局和深圳证券交易所指导、深圳上市公司协会与深圳市全景 网络有限公司联合举办的"2024 年度深圳辖区上市公司集体接待日"活动，现将相 关事项公告如下： 本次活动将采用网络远程的方式举行，投资者可登录"全景路演"网站 （https://rs.p5w.net），或关注微信公众号：全景财经，或下载全景路演 APP,参 与本次互动交流，活动时间为 2024 年 12 月 12 日（周四）14:30-17:00。届时公司 高管将在线就公司 2023 年度业绩、公司治理、发展战略、经营状况、融资计划、股 权激励和可持续发展等投资者关心的问题，与投资者进行沟通与交流，欢迎广大投资 者踊跃参与！ 特此公告！ 深圳民爆光电股份有限公司 董 事 会 2024 年 11 月 26 日 ...

Business Overview and Strategy - The company, established in 2010, is a national-level specialized and innovative "little giant" enterprise focusing on R&D-driven LED green lighting products [2] - Main business segments include commercial lighting and industrial lighting, with expansions into plant lighting, emergency lighting, beauty lighting, explosion-proof lighting, and sports lighting [2] - Operates under a "multi-sector, multi-entity" model, primarily serving overseas regional brand owners and engineering contractors through ODM (Original Design Manufacturing) [2] Financial Performance and Competitive Advantages - Sales gross margin/net profit margin is slightly higher than peers due to differentiated market competition strategy and refined scientific management [3] - Key factors contributing to higher margins: targeting mid-to-high-end markets in developed countries, strong R&D team, flexible delivery system, diversified quality control, and refined customer management [3] - Americas revenue grew 34.24% YoY in the first three quarters of 2024, with a gross margin of 29.78% [3] Market Expansion and Future Plans - North America accounts for approximately 30% of the global LED lighting market [3] - Two strategies for North America: subsidiary Aigeste focuses on customized industrial lighting for engineering clients, while Shenzhen Yixin Optoelectronics targets commercial and general industrial lighting [3] - Established Yixin Optoelectronics (Vietnam) in 2022 to handle North American orders and expand overseas manufacturing capacity [4] - Business has expanded to over 60 countries along the "Belt and Road" initiative, with Southeast Asia being a key growth market [4] Product Development and Innovation - Plans to develop more intelligent products in commercial and industrial lighting sectors [4] - Aims to integrate LED lighting technology with agriculture, safety, urban, sports, and medical beauty lighting [4] - Continues to enhance market penetration of existing products through deeper customer collaboration and new client acquisition [4] Operational Efficiency and Automation - Adopts a "production-to-order" model, ensuring high capacity utilization [5] - Achieved automation in PCB assembly and power supply manufacturing, with partial automation in final assembly and packaging [5] - Established an automation equipment R&D department to improve production efficiency for "small batch, multi-variety, customized" orders [5] Financial Management and Shareholder Returns - Implements an active, sustainable, and stable profit distribution policy [4] - Plans to distribute at least 50% of annual distributable profits in cash for three consecutive years (2023-2025) [4] - Completed a share repurchase of 1,483,309 shares (1.4171% of total shares) for RMB 49,495,173.73, intended for employee stock ownership or equity incentives [5] Cost Reduction and Efficiency Improvement - Focuses on cost reduction through optimized design and production processes, supply chain management, refined project management, and strict budget control [5]

证券代码：301362 证券简称：民爆光电 深圳民爆光电股份有限公司投资者关系活动记录表 编号：2024-019 | --- | --- | --- | --- | --- | --- | --- | |---------------------------|--------------------|--------------------------------------------------|--------------------------------------------------|------------------------------------|------------|---------------------------------------------| | 投资者关系活 \n动类别 | □ \n□ \n□ \n□ 其他 | □特定对象调研 \n媒体采访 \n新闻发布会 \n现场参观 | □ \n☑ \n□ \n（请文字说明其他活动内容） | 分析师会议 \n业绩说明会 \n路演活动 | \n \n \n | \n \n \n | | 参与单位名称 | 编号 | 姓名 | ...

公司报告 | 季报点评 收入稳步增长，利润略有承压 事件：公司 2024 年前三季度实现营业收入 12.31 亿元，同比+8.1%，归母 净利润 1.87 亿元，同比+0.48%；其中 2024Q3 实现营业收入 4.14 亿元，同 比+6.38%，归母净利润 0.6 亿元，同比-12.64%。 主营收入稳步增长 收入端，公司 24Q3 实现平稳增长，Q3 收入增速环比 24H1 有所降速。分 品类看，我们预计增长延续 24H1 的趋势，商业照明收入增长或快于工业 照明。 公司整体利润略有承压 2024 年前三季度公司毛利率为 31.03%，同比-2.67pct，净利率为 15.01%， 同比-1.23pct；其中 2024Q3 毛利率为 30.85%，同比-3.33pct，净利率为 14.16%，同比-3.33pct。分品类看，我们预计毛利率变化延续 24H1 的趋势， 商业和工业照明产品毛利率同比或均有所下滑，其中工业照明下滑水平或 高于商业照明。 财务费用率同比提升 公司 2024 年前三季度销售、管理、研发、财务费用率分别为 5.43%、3.87%、 7.03%、-1.51%，同比-0.08、-0.4 ...

上 市 公 司 家用电器 证 券 研 究 报 告 2024 年 10 月 26 日 民爆光电 (301362) —— 2024 年三季报点评：收入符合预期，利润增速略有 承压 | --- | --- | |-----------------------------|-------------------------------| | 市场数据： | 2024 年 10 月 25 日 | | 收盘价（元） | 40.33 | | 一年内最高/最低（元） | 44.99/25.53 | | 市净率 | 1.7 | | 息率（分红 / 股价） | 4.78 | | 流通 A 股市值（百万元） | 1,197 | | 上证指数 / 深证成指 | 3,299.70/10,619.85 | | --- | --- | |------------------------------|-------------------------------| | | | | | | | 基础数据 : | 2024 年 09 月 30 日 | | 每股净资产（元） | 23.93 | | 资产负债率 % | 15.59 | | 总股本/ ...

Revenue and Profit - Revenue for the third quarter was RMB 414.43 million, a 6.38% increase year-over-year[2] - Net profit attributable to shareholders was RMB 59.71 million, a decrease of 12.64% compared to the same period last year[2] - Total revenue for the quarter reached 1,230,923,667.58 RMB, an increase from 1,138,728,890.73 RMB in the same period last year[13] - Net profit attributable to the parent company was 207,658,193.11 RMB, slightly down from 209,116,828.75 RMB in the previous year[13] - Net profit attributable to parent company shareholders was RMB 187.10 million, compared to RMB 186.21 million in the previous period[14] - Basic and diluted earnings per share were RMB 1.80, down from RMB 2.21 in the previous period[14] - Total comprehensive income was RMB 184.64 million, slightly down from RMB 184.91 million in the previous period[14] Assets and Liabilities - Total assets as of the end of the reporting period were RMB 2.96 billion, a decrease of 3.09% compared to the end of the previous year[2] - Total assets decreased to 2,962,773,354.75 RMB from 3,057,161,203.87 RMB at the beginning of the year[12] - Total liabilities decreased to 461,768,512.17 RMB from 494,462,801.64 RMB at the beginning of the year[12] - Total equity attributable to the parent company decreased to 2,504,995,844.08 RMB from 2,568,032,173.65 RMB at the beginning of the year[12] - The company's total equity attributable to shareholders decreased by 2.45% to RMB 2.50 billion compared to the end of the previous year[2] Cash Flow - Cash received from investment activities increased by 895.63% to RMB 1.82 billion, mainly due to the redemption of financial products[6] - Cash and cash equivalents stood at 917,707,644.15 RMB, a slight increase from 912,225,054.55 RMB at the beginning of the year[11] - Cash received from sales of goods and services was RMB 1.20 billion, an increase from RMB 1.11 billion in the previous period[15] - Net cash flow from operating activities was RMB 162.45 million, a decrease from RMB 222.85 million in the previous period[15] - Net cash flow from investing activities was RMB 476.15 million, compared to a negative RMB 763.70 million in the previous period[15] - Net cash flow from financing activities was negative RMB 269.03 million, compared to positive RMB 1.17 billion in the previous period[16] - The ending balance of cash and cash equivalents was RMB 731.66 million, down from RMB 891.57 million in the previous period[16] Expenses and Costs - The company's financial expenses decreased by 34.57% due to increased interest income[6] - Operating costs for the quarter were 1,042,072,767.46 RMB, up from 927,856,149.65 RMB in the previous year[13] - R&D expenses increased to 86,515,317.70 RMB, compared to 66,835,531.52 RMB in the same period last year[13] - Income tax expenses were RMB 19.27 million, a decrease from RMB 24.59 million in the previous period[14] Investment and Income - Investment income surged by 975.18% to RMB 34.04 million, primarily due to increased returns from financial products[6] - Government subsidies increased by 68.05%, contributing to other income of RMB 8.28 million[6] - The company's dividend payments increased by 322.34% to RMB 200.04 million[6] - The weighted average return on equity (ROE) for the reporting period was 2.40%, a decrease of 0.82 percentage points year-over-year[2] Shareholders and Equity - The top 10 shareholders with unrestricted shares include China Agricultural Bank-Ping An Low Carbon Economy Mixed Securities Investment Fund holding 3,900,000 shares[8] - Shenzhen Hongtu Intelligent Equity Investment Management Co., Ltd. holds 1,500,000 shares through Shenzhen Hongtu Intelligent Equity Investment Fund Partnership[8] - Shenzhen Hongtu Intelligent Equity Investment Management Co., Ltd. holds 900,000 shares through Shenzhen Hongtu Guangming Venture Investment Fund Partnership[8] - Guosen Securities-Hangzhou Bank-Guosen Securities Minbao Optoelectronics Employee Strategic Placement Collective Asset Management Plan holds 715,970 shares[8] - Shenzhen Innovation Investment Group Co., Ltd. holds 600,000 shares[8] - Shenzhen Bao'an District Industrial Investment Guidance Fund Co., Ltd. holds 500,000 shares[8] - Xie Zuhua, the actual controller, holds 38,925,031 restricted shares, with the restriction period ending on February 4, 2027[9] - Shenzhen Liqin Investment Partnership holds 29,103,548 restricted shares, with the restriction period ending on February 4, 2027[9] - Shenzhen Ruigan Enterprise Management Partnership holds 3,486,045 restricted shares, with the restriction period ending on February 4, 2027[9] Other Financial Metrics - Accounts receivable increased to 243,494,529.01 RMB from 221,431,210.45 RMB at the beginning of the year[11] - Inventory decreased to 226,772,599.17 RMB from 234,004,737.85 RMB at the beginning of the year[11] - The company sold 85.1064% of its equity in Shanghai Hanpai for RMB 1, and the transaction was completed on August 7, 2024, removing Shanghai Hanpai from the consolidated financial statements[10] - The company's third-quarter report was unaudited[16]

Key Points - **Industry/Company**: Mingbao Optoelectronics - **Core Points and Arguments**: - Mingbao Optoelectronics' Chairman and General Manager, Xie Zuhua, addressed the event, expressing gratitude to Shenshang Association and co-organizers for organizing the investor exchange activity [1]. - **Other Important Content**: - No additional information provided in the excerpt.

证券代码：301362 证券简称：民爆光电 深圳民爆光电股份有限公司投资者关系活动记录表 编号：2024-018 | --- | --- | --- | |-----------------------|-----------------------------------------------------------------|--------------------------------------------------------------------------------------------------------------------------------------| | 投资者关系活 \n动类别 | □特定对象调研 \n□ 媒体采访 \n□ 新闻发布会 \n□ 现场参观 \n□ 其他 | □ 分析师会议 \n □业绩说明会 \n ☑ 路演活动 \n \n （请文字说明其他活动内容） | | 参与单位名称 | | 银华基金、蓝海汇金、银卓创投、前海恒昇基金、海利祥基金、红塔红土基 | | 及人员姓名 | | 金、招商证券、国信证券、华泰证券、旭源投资、东方藏山资管、日月星辰 | ...

公司报告 | 半年报点评 订单环比修复，毛利率有所下降 事件：公司 2024 年 H1 实现营业收入 8.16 亿元，同比+8.99%，归母净利润 1.27 亿元，同比+8.08%；其中 2024Q2 实现营业收入 4.68 亿元，同比+17%， 归母净利润 0.76 亿元，同比+4.74%。 商业订单增长较好，特种照明贡献收入增量 分业务看，外销订单情况较好，拉动收入增速环比修复，24H1 商业/工业 照明工具收入同比分别为+17.83%/-1.78%，商业订单较工业照明增速更快； 从量价拆分看，24H1 商业/工业照明工具销量同比+23.1%/+9.9%，均价同 比下降较为明显。其他照明业务贡献收入 0.37 亿元，主要是特种照明贡献 收入增量。 核心业务毛利率有所下降 2024 年 H1 公司毛利率为 31.11%，同比-2.34pct，净利率为 15.44%，同比 -0.16pct；其中 2024Q2 毛利率为 31.27%，同比-2.98pct，净利率为 16.15%， 同比-1.98pct。分业务看，24H1 商业/工业照明工具毛利率同比分别为 -1.2/-2.9pct，毛利率同比下降。 利息收入 ...