证券代码：301389 证券简称：隆扬电子 公告编号：2025-027 隆扬电子（昆山）股份有限公司 2024年年度股东大会决议公告 本公司及董事会全体成员保证信息披露内容真实、准确和完整，没有虚 假记载、误导性陈述或重大遗漏。 2、本次股东大会不涉及变更以往股东大会决议的情形。 一、会议召开和出席情况 1、会议召开时间： 现场会议时间：2025年4月8日（星期二）14:30； 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： 2025年4月8日（星期二）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具体时间为2025年4月8日（星期二）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：江苏省昆山市周市镇顺昶路99号1楼大会议室； 3、召开方式：现场投票及网络投票相结合； 4、会议召集人：公司董事会； 5、会议主持人：董事长傅青炫； 特别提示： 1、本次股东大会无增加、变更、否决提案的情况； 6、本次会议的召集、召开符合《中华人民共和国公司法》《上市公司股东 大会规则》《深圳证券交易所创业板股票上市规则》等有关法律、行 ...

Investment Rating - The report maintains a "Buy" rating for the company, indicating an expected stock price increase of over 15% relative to the industry index within the next six months [4][19]. Core Insights - The company reported a robust growth in Q4 earnings, with a year-on-year revenue increase of 17.79% and a net profit increase of 74.41% [1]. - The overall gross margin improved by 3.31 percentage points to 47.97% in 2024, despite facing challenges from intense industry competition [2]. - The company is expanding its product offerings through the proposed acquisition of DeYou New Materials, which will enhance its capabilities in protective materials for consumer electronics [8][9]. Financial Performance Summary - For 2024, the company achieved a revenue of 288 million yuan, a year-on-year growth of 8.51%, while the net profit decreased by 15.02% to 82 million yuan [1][2]. - The projected revenues for the next few years are as follows: 385 million yuan in 2025, 500 million yuan in 2026, and 650 million yuan in 2027, with respective growth rates of 33.7%, 29.9%, and 30.0% [1]. - The company’s return on equity (ROE) is expected to improve from 4.6% in 2025 to 9.5% in 2027 [1]. Market Position and Strategy - The company has established factories in Vietnam, the USA, and Thailand to enhance its overseas delivery capabilities and tap into new growth markets [3]. - The focus on developing new materials, particularly in the copper foil segment, is expected to broaden the product range and support growth in the 3C consumer electronics and automotive electronics sectors [8][9].

东吴证券股份有限公司 关于隆扬电子（昆山）股份有限公司 2024 年度跟踪报告 | 保荐机构名称：东吴证券股份有限公司 | 被保荐公司简称：隆扬电子 | | --- | --- | | 保荐代表人姓名：葛明象 | 联系电话：0512-62938581 | | 保荐代表人姓名：徐振宇 | 联系电话：0512-62938581 | 一、保荐工作概述 | 项目 | | 工作内容 | | --- | --- | --- | | 1、公司信息披露审阅情况 | | | | （1）是否及时审阅公司信息披露文件 | | 是 | | （2）未及时审阅公司信息披露文件的 | | 0 | | 次数 | | | | 2、督导公司建立健全并有效执行规章制度的情况 | | | | （1）是否督导公司建立健全规章制度 （包括但不限于防止关联方占用公司 | | | | 资源的制度、募集资金管理制度、内控 | | 是 | | 制度、内部审计制度、关联交易制度） | | | | （2）公司是否有效执行相关规章制度 | | 是 | | 3、募集资金监督情况 | | | | （1）查询公司募集资金专户次数 | | 每月查询一次 | | （2）公司募 ...

Group 1: Company Overview - In 2024, the company achieved operating revenue of ¥287,942,035.52, representing a year-on-year growth of 8.51% [2] - The net profit attributable to shareholders was ¥82,231,686.40, showing a decline of 15.02% compared to the previous year [2] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥77,434,121.87, down 14.79% year-on-year [2] Group 2: Product Development and Market Impact - The HVLP copper foil product was initially launched at the TPCA exhibition in Taiwan in October 2024, and is currently undergoing customer validation testing [3] - The revenue impact of the HVLP copper foil product remains uncertain, as the company has not yet generated income from it [3] - The company emphasizes the risks associated with achieving technological breakthroughs and the commercialization of its technological results [3] Group 3: M&A Progress - The company has engaged intermediary institutions to conduct due diligence, auditing, and evaluation for potential acquisition targets [3] - Formal transaction documents have not yet been signed by the parties involved in the acquisition [3] - Further details regarding the major asset restructuring can be found in the announcement dated March 21, 2025 [3] Group 4: Investor Communication - The company adheres to its information disclosure management system, ensuring that all disclosed information is true, accurate, complete, timely, and fair [3] - There have been no incidents of undisclosed significant information leakage during the investor relations activity [3]

Group 1: Acquisition of DeYou New Materials - The acquisition of DeYou New Materials is aimed at extending the company's supply chain and addressing operational needs, particularly in shock absorption and protection materials [3][6]. - DeYou New Materials specializes in functional coating composite materials, primarily used in consumer electronics manufacturing [2][6]. - The acquisition is expected to enhance the company's product offerings in the 3C consumer electronics and automotive electronics sectors, potentially increasing overall business scale and profitability [3][6]. Group 2: HVLP5+ Copper Foil Product Development - The HVLP5+ copper foil was first announced at the TPCA exhibition in October 2024, but it is still undergoing customer validation testing and has not yet generated revenue [3][7]. - There is uncertainty regarding the product's future impact on the company's performance, as it has not yet achieved commercialization [4][7]. - The company is currently focused on ensuring the product meets customer requirements before mass production can begin [4][7]. Group 3: Market and Financial Outlook - The company is actively conducting due diligence and assessments related to the acquisition of DeYou New Materials, with no formal transaction documents signed yet [5][6]. - The first quarter's performance and the overall recovery of the consumer electronics industry are anticipated to be detailed in future reports [8]. - The company has completed its share repurchase plan as of February 11, 2025, with details available in a prior announcement [8].

特别提示： 证券代码：301389 证券简称：隆扬电子 公告编号：2025-026 隆扬电子（昆山）股份有限公司（以下简称"公司"或"上市公司"）拟以支付 现金方式购买苏州德佑新材料科技股份有限公司（以下简称"德佑新材"或"标的公 司"）100%的股权（以下简称"本次交易"）。本次交易如能顺利实施，德佑新材将 成为公司的全资子公司。 2025年2月21日，公司与杨慧达、苏州慧德企业管理合伙企业（有限合伙）、荣婕、 杨慧明、苏州茂百企业管理合伙企业（有限合伙）、崔玉麟、管丹、张骏锦、胡鹤一、 陈余谦签订了《股份收购意向协议》，最终收购股权比例、交易对方及交易价格尚需 交易各方进一步协商后确定。本次签署的《股份收购意向协议》仅为意向性协议，具 体的交易方式及交易条款以各方签署的正式收购协议为准。 根据初步研究和测算，本次交易预计构成《上市公司重大资产重组管理办法》规 定的重大资产重组。本次交易不涉及上市公司发行股份，不构成关联交易，也不会导 致上市公司控股股东和实际控制人发生变更。公司将按照相关规定履行相关程序，编 制、披露相关文件。根据《上市公司股票停复牌规则》《深圳证券交易所上市公司自 律监管指引第6号——停 ...

Group 1: Company Overview - Longyang Electronics achieved operating revenue of ¥287,942,035.52 in 2024, representing a year-on-year growth of 8.51% [2] - The net profit attributable to shareholders was ¥82,231,686.40, showing a decline of 15.02% compared to the previous year [2] - The net profit after deducting non-recurring gains and losses was ¥77,434,121.87, down 14.79% year-on-year [2] Group 2: Business Operations - The company has established factories in Kunshan, Huaian, and Chongqing, and has also invested in factories in Vietnam and Thailand to meet overseas customer supply demands [2][3] - The Vietnam factory is operational, while the Thailand factory is under construction and has begun sample deliveries, although revenue contribution from both factories is currently low [3] Group 3: Product Development and Client Engagement - The company primarily serves direct downstream customers in the CCL industry, but specific client details cannot be disclosed due to commercial policy restrictions [3] - The production technology for HVLP5 copper foil is similar to that of electromagnetic shielding materials, utilizing magnetron sputtering and fine electroplating techniques, with additional post-processing steps [3] Group 4: Mergers and Acquisitions - On February 21, 2025, the company signed a letter of intent for share acquisition with Suzhou Deyou New Materials Technology Co., Ltd., which aims to enhance the company's self-developed material system in shock absorption and protection [3] - The acquisition is based on the company's operational needs and aims to expand its material development in the 3C consumer electronics and automotive electronics sectors [3] - The transaction carries uncertainties, and the company will disclose information in phases as developments occur [3]

Group 1: Company Overview and Financial Performance - In 2024, the company achieved operating revenue of ¥287,942,035.52, representing a year-on-year growth of 8.51% [2] - The net profit attributable to shareholders was ¥82,231,686.40, a decrease of 15.02% compared to the previous year [2] - The net profit after deducting non-recurring gains and losses was ¥77,434,121.87, down 14.79% year-on-year [2] Group 2: Market and Business Development - The 3C consumer electronics market showed signs of gradual recovery in 2024, leading to an overall increase in product sales [3] - The company has established factories and offices in Vietnam, the United States, and Thailand to expand its overseas market presence [3] - The company is focusing on developing copper foil products, including lithium battery copper foil and electronic circuit copper foil, to meet the demands of various industries [3] Group 3: Technological Advancements and Risks - The company utilizes magnetron sputtering and precision electroplating technologies for producing HVLP5 copper foil, with ongoing product validation tests [4] - There is uncertainty regarding the commercialization of new technologies and their impact on future performance [4] - The company has signed a letter of intent for acquiring Suzhou Deyou New Materials Technology Co., Ltd., which specializes in functional coating composite materials [5] Group 4: Investment and Future Outlook - The acquisition aims to enhance the company's development in the 3C consumer electronics and automotive electronics sectors [5] - The company emphasizes the importance of following trends in the 3C consumer electronics and new energy industries to ensure sustainable growth [3] - Future investments in fixed assets are expected to significantly impact net profit [3]

投资者关系活动记录表 编号：2025-001 | 活动类别 |  特定对象调研 □分析师会议 | | --- | --- | | | □媒体采访 □业绩说明会 | | | □新闻发布会 □路演活动 | | | □现场参观 | | |  其他 网络会议 | | 参与单位名称 | 中信证券 东北证券 宝盈基金 | | 时间 | 2025 年 3 月 18 日 | | 地点 | 网络会议 | | 上市公司接待人员姓 | 董事长 傅青炫 | | 名 | 董事会秘书 金卫勤 | | | 证券事务代表 施翌 | | | 公司董事会秘书向与会人员介绍了公司概况、发展布局及 | | | 2024 年公司经营情况，董事长同与会人员进行了问答交流，证券 | | | 事务代表进行了会议记录。本次交流主要内容如下： | | | （一）公司介绍 | | | 2024 年公司经营情况 | | | 2024 年度，公司实现营业收入 287,942,035.52 元，同比增长 | | 主要内容介绍 | 8.51% ，归属于上市公司股东的净利润 82,231,686.40 元，同比 | | | 下降 15.02% ，归属于上市公司股东的扣 ...

证券代码：301389 证券简称：隆扬电子 公告编号：2025-020 隆扬电子（昆山）股份有限公司 关于调整2023年限制性股票激励计划授予价格的公告 本公司及董事会全体成员保证信息披露内容真实、准确和完整，没有虚假记载、 误导性陈述或重大遗漏。 隆扬电子（昆山）股份有限公司（以下简称"公司"）于2025年3月11日召开第二 届董事会第十一次会议、第二届监事会第十二次会议，审议通过《关于调整2023年限 制性股票激励计划授予价格的议案》，同意对公司2023年限制性股票激励计划（以下 简称"本激励计划"）限制性股票的授予价格由9.30元/股调整为9.00元/股。现将有 关事项说明如下： 一、本次激励计划已履行的决策程序和信息披露情况 1、2023年4月10日，公司召开第一届董事会第十七次会议、第一届监事会第十二 次会议，审议通过了《关于2023年限制性股票激励计划（草案）及其摘要的议案》 《关于2023年限制性股票激励计划实施考核管理办法的议案》《关于提请股东大会授 权董事会办理2023年限制性股票激励计划相关事宜的议案》。同日，公司第一届监事 会第十二次会议对本激励计划首次授予激励对象名单进行了核实，独立董 ...