Investment Rating - The report assigns a "Buy" rating to the company with a target price of 61.32 CNY per share based on a 45x PE valuation for 2025 [6][172]. Core Insights - Anpei Long is a leading domestic manufacturer of thermistors and temperature sensors, continuously expanding its product lines and applications in the sensor field. The company has developed three main product lines: thermistors, temperature sensors, and pressure sensors, along with oxygen sensors [3][49]. - The company leverages both horizontal and vertical expansion strategies to enhance its value proposition. It possesses sensor chip design capabilities and has expanded its pressure sensor offerings to cover a wide range of applications, including automotive electronics and energy storage [3][49]. - The company is actively pursuing growth opportunities in the automotive electronics sector, where the average value of sensors per vehicle is approximately 2000 CNY, with significant potential for domestic replacement of imported products [4][49]. Summary by Sections Company Overview - Anpei Long started with thermistors and has established a strong presence in the home appliance, energy storage, and automotive sectors. In 2022, the domestic market for consumer thermistors and temperature sensors was valued at 5.3 billion CNY, with the company achieving revenues of 360 million CNY and a market share of approximately 6.8% [4][49]. Growth Opportunities - The pressure sensor segment is expected to experience rapid growth, particularly in energy storage and automotive electronics. The company anticipates that the average value of its pressure sensors will increase as it expands production of MEMS and glass micro-melting sensors [4][49]. - Anpei Long is also focusing on humanoid robotics, with plans to deliver small batches of torque sensors in the second half of 2024, which can be used in robotic joint modules [4][50]. Financial Projections - The company forecasts net profits of 100 million CNY, 134 million CNY, and 179 million CNY for the years 2024, 2025, and 2026, respectively. The projected revenue growth rates for these years are 27.3%, 23.7%, and 23.0% [5][160]. - The report highlights a stable gross margin above 30% for the company's mature products, with expectations for further improvement as production scales up [69][70]. Market Position - Anpei Long is positioned as a "hidden champion" in the sensor industry, with a strong focus on R&D and a comprehensive product matrix that includes over a thousand specifications. The company is gradually entering international supply chains, including partnerships with global brands like Nestlé and Toshiba [4][60]. - The report emphasizes the significant market potential for sensors in the automotive sector, particularly with the increasing penetration of electric vehicles and the demand for advanced sensing technologies [4][143].

证券代码：301413 证券简称：安培龙 公告编号：2024-064 深圳安培龙科技股份有限公司 关于收到汽车客户项目中标通知书的公告 2、重大风险及重大不确定性：中标项目的实际销售金额、实际供货量可能 会受到国际宏观经济形势、汽车产业政策、汽车市场整体情况和客户生产计划等 因素影响，同时，在项目推进过程中，其需求可能存在动态变化，具有不确定性。 尽管合作双方具备履约能力，但在履约过程中，可能会出现因客户产品开发遇阻、 客户相关车型调整或不可抗力等原因，导致项目延期、变更、中止或终止，敬请 广大投资者注意投资风险。 3、本次中标项目预计在 2025 年第一季度开始陆续交付，对 2024 年年度业 绩暂无重大影响。敬请广大投资者谨慎决策，注意防范投资风险。 一、项目中标通知书概述 深圳安培龙科技股份有限公司（以下简称"公司"）于近日收到 1 家国内领 先的新能源汽车企业（限于保密要求，无法披露其名称，以下简称"客户"）出 具的项目中标通知书。该项目中标通知书确认公司为该客户供应混动变速箱系统 压力传感器（属陶瓷电容式压力传感器）。根据该客户预测，本次中标项目生命 周期为 5 年。为更灵活地根据市场需求和生产计划 ...

深圳安培龙科技股份有限公司 关于收到汽车客户项目中标通知书的公告 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。 特别提示： 1、生效条件：客户项目中标通知不构成实质性订单，产品的实际供货时间、 供货价格、供货数量以客户的后续正式采购订单及结算情况为准。 2、重大风险及重大不确定性：中标项目的实际销售金额、实际供货量可能 会受到国际宏观经济形势、汽车产业政策、汽车市场整体情况和客户生产计划等 因素影响，同时，在项目推进过程中，其需求可能存在动态变化，具有不确定性。 尽管合作双方具备履约能力，但在履约过程中，可能会出现因客户产品开发遇阻、 客户相关车型调整或不可抗力等原因，导致项目延期、变更、中止或终止，敬请 广大投资者注意投资风险。 证券代码：301413 证券简称：安培龙 公告编号：2024-063 3、本次中标项目预计在 2025 年第一季度开始陆续交付，对 2024 年年度业 绩暂无重大影响。敬请广大投资者谨慎决策，注意防范投资风险。 一、项目中标通知书概述 深圳安培龙科技股份有限公司（以下简称"公司"）于近日收到 1 家国内领 先的新能源汽车企业（限于 ...

证券代码：301413 证券简称：安培龙 公告编号：2024-062 授权公告日：2024 年 11 月 5 日 深圳安培龙科技股份有限公司 关于公司获得发明专利证书的公告 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。 深圳安培龙科技股份有限公司（以下简称"公司"）于近日收到国家知识产 权局颁发的 1 项《发明专利证书》，现将本次取得的发明专利具体情况公告如下： 发明名称：基于数据分析的六维力传感器稳定性测试方法 专利号：ZL 2024 1 1124261.4 专利权人：深圳安培龙科技股份有限公司 专利申请日：2024 年 8 月 16 日 专利权期限：本专利的专利权期限为 20 年。 本项发明专利为公司自主研发的在研产品的核心技术。本发明专利涉及六 维力传感器稳定性测试技术领域，具体涉及基于数据分析的六维力传感器稳定 性测试方法，通过采集六维力传感器在各维度的输出数据、确定各维度各周期 的数据异常度、筛选各维度出现异常波动的周期等，旨在提高六维力传感器的 稳定性及测试结果的准确度。 本次取得的发明专利不会对公司目前的经营状况产生重大影响。但有利于公 司发挥 ...

Investment Rating - The investment rating for the company is "Buy" (maintained) [1] Core Views - The company has shown a significant increase in both revenue and profit, indicating a turning point in its operations [1] - In Q3 2024, the company achieved a revenue of 250 million yuan, representing a year-on-year growth of 35.74% [1] - The net profit attributable to shareholders was 27.168 million yuan, up 33.21% year-on-year [1] - The company has established a venture capital fund to expand its investment areas, aiming to enhance investment value through collaboration with professional investment institutions [1] - The company obtained a patent for a six-dimensional torque sensor based on glass micro-melting technology, which is expected to improve product stability and expand its product line [1] Financial Summary - Revenue projections for 2024-2026 are 953 million, 1,193 million, and 1,450 million yuan respectively, with corresponding net profits of 95 million, 134 million, and 178 million yuan [2] - The expected EPS for 2024-2026 is 0.97, 1.36, and 1.81 yuan respectively [2] - The current P/E ratios are projected to be 47, 33, and 25 for the years 2024-2026 [1][2] - The company’s gross margin is expected to remain stable around 31.5% to 31.8% over the forecast period [2][5]

Investment Rating - The report maintains an "Accumulate" rating for the company [1][3]. Core Insights - The company's Q3 performance exceeded expectations, with a revenue increase of 36% year-on-year and a net profit increase of 33% year-on-year. The strong performance is attributed to the delivery of automotive customer orders, particularly high-value overseas orders [2][3]. - The company is positioned as a high-quality candidate for domestic substitution in automotive-grade pressure sensors, with ongoing development in torque sensors expected to enhance performance further [3]. Financial Performance Summary - **Revenue**: In Q3 2024, the company achieved revenue of 250 million yuan, a 36% increase year-on-year. For the first three quarters of 2024, revenue reached 662 million yuan, a 21% increase year-on-year [2]. - **Net Profit**: The net profit for Q3 2024 was 27.17 million yuan, up 33% year-on-year, while the net profit for the first three quarters was 62.40 million yuan, a 2% increase year-on-year [2]. - **Profitability Ratios**: The gross margin for the first three quarters of 2024 was 31.55%, a slight increase of 0.24 percentage points year-on-year. The net profit margin was 9.43%, down 1.71 percentage points year-on-year [2]. - **Cash Flow**: The operating cash flow for the first three quarters of 2024 was 92.86 million yuan, a 47% increase year-on-year, indicating strong cash flow generation [2]. Growth Projections - The company is expected to maintain rapid growth, with projected net profits of 97 million yuan in 2024, 127 million yuan in 2025, and 179 million yuan in 2026. The corresponding P/E ratios are projected to be 47, 36, and 25 times, respectively [3].

证券代码：301413 证券简称：安培龙 公告编号：2024-061 深圳安培龙科技股份有限公司 关于公司参与设立创业投资基金的进展公告 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。 一、对外投资概述 深圳安培龙科技股份有限公司（以下简称"公司"）于2024年9月9日召开第 三届董事会第二十七次会议、第三届监事会第十九次会议，审议通过了《关于公 司参与设立创业投资基金的议案》，同意在不影响公司日常经营和发展、有效控 制投资风险的前提下，与深圳市西博管理咨询有限公司、深圳市西博创新投资有 限公司等专业投资机构共同设立产业投资基金——深圳市西博安泰创业投资合 伙企业（有限合伙）（以下简称"基金"）。最大总规模不超过16,650万元，最 终规模以实际募集金额为准。其中，公司作为有限合伙人（LP）以自有资金出资 人民币认缴出资3,500万元。具体内容详见公司于2024年9月9日披露于巨潮资讯 网（www.cninfo.com.cn）的《关于公司参与设立创业投资基金的公告》（公告 编号：2024-056）。 6、注册地址：深圳市福田区沙头街道下沙社区滨河大道9289号 ...

Financial Performance - Revenue for the third quarter reached 249.79 million yuan, a year-on-year increase of 35.74%[3] - Net profit attributable to shareholders of the listed company was 27.17 million yuan, up 33.21% year-on-year[3] - Operating cash flow for the first nine months of 2024 was 92.86 million yuan, a 47.32% increase compared to the same period last year[6] - Total operating income increased to 661,788,869.92 yuan from 547,446,356.68 yuan year-over-year[16] - Operating costs rose to 589,976,683.27 yuan from 475,801,342.03 yuan compared to the same period last year[16] - Net profit increased to 62,396,441.63 yuan from 60,954,066.05 yuan year-over-year[17] - Comprehensive income for the period totaled RMB 62,396,441.63, compared to RMB 60,954,066.05 in the previous period[18] - Basic earnings per share were RMB 0.6341, down from RMB 0.8259 in the previous period[18] - Basic earnings per share for the third quarter were 0.2761 yuan, a slight decrease of 0.08% year-on-year[3] - Weighted average return on equity for the first nine months was 5.29%, down 5.70 percentage points year-on-year[3] Assets and Liabilities - Total assets as of the end of the reporting period were 1.92 billion yuan, a decrease of 8.65% compared to the end of the previous year[3] - Total assets decreased to 1,918,623,299.89 yuan from 2,100,398,995.35 yuan compared to the previous period[14] - Total liabilities decreased to 730,717,095.58 yuan from 952,181,082.17 yuan compared to the previous period[15] - Equity attributable to shareholders of the listed company increased by 3.46% to 1.19 billion yuan compared to the end of the previous year[3] - Equity attributable to the parent company increased to 1,187,906,204.31 yuan from 1,148,217,913.18 yuan year-over-year[15] - Other non-current financial assets increased to 35,000,000.00 yuan from 0.00 yuan compared to the previous period[14] Cash Flow - Cash received from sales of goods and services was RMB 369,814,369.00, up from RMB 326,746,245.56 in the previous period[19] - Net cash flow from operating activities was RMB 92,860,611.62, compared to RMB 63,034,865.67 in the previous period[20] - Net cash flow from investing activities was negative RMB 120,122,114.64, an improvement from negative RMB 208,823,447.42 in the previous period[20] - Net cash flow from financing activities was negative RMB 348,148,326.54, compared to positive RMB 135,611,411.65 in the previous period[20] - Cash and cash equivalents at the end of the period were RMB 204,880,533.67, down from RMB 580,402,678.04 at the beginning of the period[20] Shareholder Information - The company's largest shareholder, Wu Ruojun, holds 31.67% of the shares[7] - The top 10 shareholders collectively hold approximately 68.31% of the company's shares[7] - Shenzhen Chuangdongfang Investment Co., Ltd. holds 2.04% of shares, totaling 2,003,300 shares[9] - Ji'an Xibojuxin No. 3 Venture Capital Partnership holds 2.02% of shares, totaling 1,988,591 shares[9] - Agricultural Bank of China - Baoying Strategy Growth Mixed Securities Investment Fund holds 821,230 shares[9] - Agricultural Bank of China - Baoying Technology 30 Flexible Allocation Mixed Securities Investment Fund holds 779,807 shares[9] - China Construction Bank - China Life Insurance - China Life Entrusted CCB Fund Company Stock Portfolio holds 711,442 shares[9] - Pan Dongli holds 543,000 shares through a credit trading account[9] - China Merchants Bank - Penghua Carbon Neutrality Theme Mixed Securities Investment Fund holds 516,454 shares[9] - China Construction Bank - China Life Insurance (Group) Company Entrusted CCB Fund Management Fixed Income Portfolio holds 463,840 shares[9] - Industrial and Commercial Bank of China - Penghua New Energy Vehicle Theme Mixed Securities Investment Fund holds 419,742 shares[9] - China Construction Bank - Yongying Advanced Manufacturing Smart Selection Mixed Securities Investment Fund holds 383,992 shares[9] - Total share capital increased to 98,401,985 shares after a 3-for-10 stock dividend distribution, resulting in a total increase of 22,708,150 shares[11][12] Expenses and Costs - R&D expenses increased to 40,941,677.07 yuan from 33,685,492.43 yuan compared to the previous period[17] - Management expenses rose to 62,899,243.87 yuan from 41,584,031.89 yuan year-over-year[17] - Financial expenses increased to 10,049,192.66 yuan from 8,556,875.51 yuan compared to the same period last year[17] Government Subsidies - Government subsidies received during the reporting period amounted to 5.05 million yuan[4] Accounts and Receivables - Accounts receivable increased by 11.9% from 305,264,507.59 yuan to 341,588,455.22 yuan[13] - Inventory rose by 26.7% from 199,658,784.88 yuan to 252,878,220.08 yuan[13] - Prepayments decreased by 81.4% from 8,885,148.96 yuan to 1,654,940.06 yuan[13] - Other receivables dropped by 42% from 9,465,110.01 yuan to 5,487,925.85 yuan[13] - Notes receivable increased by 7.2% from 62,285,719.36 yuan to 66,739,937.22 yuan[13] - Receivables financing surged by 52.9% from 23,913,347.78 yuan to 36,563,136.56 yuan[13] Monetary Funds - Monetary funds decreased from 580,402,678.04 yuan to 204,880,533.67 yuan, a significant reduction of 64.7%[13] Audit Status - The company's third quarter report was unaudited[21]

证券代码：301413 证券简称：安培龙 公告编号：2024-059 深圳安培龙科技股份有限公司 关于公司获得发明专利证书的公告 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。 深圳安培龙科技股份有限公司（以下简称"公司"）于近日收到国家知识产 权局颁发的 1 项《发明专利证书》，现将本次取得的发明专利具体情况公告如下： 发明名称：一种基于玻璃微熔工艺的六维力传感器及其制备方法 本次取得的发明专利不会对公司目前的经营状况产生重大影响。但有利于公 司发挥产品的自主知识产权优势，对提升企业核心竞争力、促进市场拓展及研发 创新等方面都具有重要意义。 敬请广大投资者理性投资，注意投资风险。 特此公告。 深圳安培龙科技股份有限公司董事会 专利号：ZL 2024 1 0397846.7 专利权人：深圳安培龙科技股份有限公司 专利申请日：2024 年 04 月 03 日 授权公告日：2024 年 10 月 15 日 专利权期限：本专利的专利权期限为 20 年。 本项发明专利为公司自主研发的在研产品的核心技术。本发明专利提供了 一种基于玻璃微熔工艺的六维力传感器制备方法，将高 ...

深圳安培龙科技股份有限公司 舆情管理制度 深圳安培龙科技股份有限公司 舆情管理制度 第一条 为了提高深圳安培龙科技股份有限公司（以下简称"公司"）应对 各类舆情的能力，建立快速反应和应急处置机制，及时、妥善处理各类舆情对公 司股价、公司商业信誉及正常生产经营活动造成的影响，切实保护投资者合法权 益，根据相关法律法规的规定和《深圳安培龙科技股份有限公司章程》（以下简 称"《公司章程》"），特制定本制度。 第二条 本制度所称舆情包括： （一）报刊、电视、网络等媒体对公司进行的负面报道、不实报道； （二）社会上存在的已经或将给公司造成不良影响的传言或信息； （三）可能或者已经影响社会公众投资者投资取向，造成股价异常波动的信 息； （四）其他涉及公司信息披露且可能对公司股票及其衍生品交易价格产生较 大影响的事件信息。 第三条 舆情信息的分类： （一）重大舆情：指传播范围较广，严重影响公司公众形象或正常经营活动， 使公司已经或可能遭受损失，已经或可能造成公司股票及其衍生品种交易价格变 动的负面舆情。 （二）一般舆情：指除重大舆情之外的其他舆情。 第一章 总则 第六条 舆情工作组是公司应对各类舆情（尤其是媒体质疑信息）处 ...