关于陕西华达科技股份有限公司 2024年半年度跟踪报告 中信证券股份有限公司 | 保荐人名称：中信证券股份有限公司 | 被保荐公司简称：陕西华达 | | --- | --- | | 保荐代表人姓名：杨成云 | 联系电话：010-60838912 | | 保荐代表人姓名：康明超 | 联系电话：010-60838912 | 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次数 | 无 | | 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、内控制度、内部审计制度、关联交易 | 是 | | 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 | 6次 | | （2）公司募集资金项目进展是否与信息披露文件 | 是 | | 一致 | | 1 | 4.公司治理督导情况 | | ...

中信证券股份有限公司 关于陕西华达科技股份有限公司 2024年度持续督导培训情况的报告 深圳证券交易所： 保荐机构本次持续督导培训的工作过程中，公司积极予以配合，保证了培训 工作的有序进行，达到了良好效果。 三、本次持续督导培训的结论 保荐机构按照《深圳证券交易所上市公司自律监管指引第13号——保荐业务》 1 （一）保荐机构：中信证券股份有限公司 （二）保荐代表人：杨成云、康明超 （三）协办人：潘云飞 （四）培训时间：2024年8月27日 （五）培训方式：本次培训采用线下授课的方式进行 （六）培训人员：康明超、葛震浩 的有关要求，对陕西华达进行了2024年度持续督导培训。 中信证券股份有限公司（以下简称"中信证券"、"保荐机构"）根据《深 圳证券交易所上市公司自律监管指引第13号——保荐业务》对陕西华达科技股份 有限公司（以下简称"陕西华达"、"公司"）进行了2024年度持续督导培训，报告 如下： 一、本次持续督导培训的基本情况 （七）培训对象：董事、监事、高级管理人员、中层及以上管理人员及控股 股东相关人员 （八）培训内容：本次培训结合相关法律法规和监管指引，重点介绍了上市 公司规范运作的相关规定以及董事、 ...

Group 1: Company Overview - The company, established in 1966, is one of the earliest manufacturers of electrical connectors in China, focusing on research, production, and sales of RF coaxial connectors, low-frequency connectors, and RF coaxial cable assemblies [2][3] - It is a leading enterprise in the domestic military RF coaxial connector and cable assembly sector, serving as a core enterprise in this field [3] Group 2: Business Operations and Market Position - The company has expanded its business scope and cooperation areas with key clients, including Huawei [2] - It is actively optimizing its industrial structure and exploring new application fields to enhance market potential and product development [3][4] Group 3: Financial Performance and Challenges - In the first half of the year, the company faced a decline in revenue and gross margin due to insufficient demand for core products [3] - The company has been experiencing negative operating cash flow, raising concerns about increasing financial pressure over the past two years [3][4] Group 4: Strategic Development and Future Plans - The company is aligning its development plans with the national "14th Five-Year Plan," focusing on low-cost, high-reliability interconnect products, especially in commercial aerospace [4][5] - It aims to enhance the performance and technology iteration of military equipment interconnect products while deepening its layout in the communications field [4][5] Group 5: Research and Development - The company has made significant breakthroughs in high-reliability connector products for aerospace applications, achieving international advanced levels [6] - It is expanding its civilian market presence with RF connector modules for 5G-A communication networks, emphasizing lightweight and high-efficiency characteristics [6] Group 6: Investor Relations and Communication - The company conducted a performance briefing on September 6, 2024, ensuring that all communications adhered to the company's information disclosure management regulations [7]

证券代码：301517 证券简称：陕西华达 公告编号：2024-029 陕西华达科技股份有限公司 关于举办 2024 年半年度业绩说明会的公告 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。 重要内容提示： 会议问题征集：投资者可于 2024 年 9 月 6 日前访问网址 https://eseb.cn/1hwyH8dniEM 或使用微信扫描下方小程序码进行会前 提问，公司将通过本次业绩说明会，在信息披露允许范围内就投资者 普遍关注的问题进行回答。 陕西华达科技股份有限公司（以下简称"公司"）已于 2024 年 8 月 29 日在巨潮资讯网（www.cninfo.com.cn）上披露了《2024 年半年 度报告》及《2024 年半年度报告摘要》。为便于广大投资者更加全面 二、参加人员 董事长 范军卫 董事会秘书 宋晓敏 三、投资者参加方式 会议召开时间：2024 年 9 月 6 日（星期五）上午 8:30-9:30 会议召开方式：网络互动方式 会议召开地点：价值在线（www.ir-online.cn） 深入地了解公司经营业绩、发展战略等情况，公司定于 2024 ...

Group 1: Research and Development - The company is increasing investment in R&D and emphasizes intellectual property protection, collaborating with numerous universities and research institutions on joint research in areas such as flexible contacts, wireless technology, low-cost antennas, and miniaturized devices, resulting in significant achievements and multiple patent applications [1] - Continuous optimization of the R&D personnel compensation system and acceleration of new product development efficiency are prioritized [2] Group 2: Employee Incentives - Employee stock ownership is a key aspect of state-owned enterprise reform; the company has implemented an employee stock incentive plan since 2017, with 61 core employees holding company shares [2] - The company plans to further establish and improve long-term incentive mechanisms based on its development needs [2] Group 3: Strategic Planning - The company aligns with national key projects, particularly in the aerospace sector, to provide relevant interconnected solutions and accelerate project implementation while ensuring capacity reserves and industrial upgrades [2] - Commitment to military construction missions and adapting to new demands from weapon equipment users, while expanding and enhancing the performance and technology iteration of interconnect products [2] - Continuous advancement of strategic implementation and optimization of industrial structure, focusing on optical devices and high-speed connectors for industrial upgrades [2] Group 4: Cost Management - The company adheres to a high-end leadership strategy, focusing on technological innovation and breaking through key core technologies to capture market opportunities with new products and projects [2] - Cost control is integrated from the design phase, employing lean management techniques to continuously optimize production layout [2] - The company leverages market trends and economies of scale to ensure steady and sustainable development [2] Group 5: Communication and Disclosure - The company engaged in thorough communication with investors, adhering to its information disclosure management system to ensure the authenticity, accuracy, completeness, timeliness, and fairness of information disclosure [3]

Group 1: Industry Overview - The connector market is experiencing overall expansion due to increased investments in aerospace, weaponry, and commercial space sectors, driven by national policies [1][2] - Despite a slight decline in the connector industry market size in the first half of 2024, future growth is anticipated as downstream product market demand recovers [2] Group 2: Product Applications - The company's connectors are widely used in key national aerospace projects, including high-orbit SAR satellites, Shenzhou spacecraft, and Chang'e lunar exploration missions [2][3] - In the commercial space sector, the company's products are applied in significant projects such as StarNet satellites and Qianfan constellation [2] Group 3: Brand Advantages - The company is recognized as a core enterprise for military RF electrical connectors and holds several prestigious memberships in industry associations [3] - The company has received multiple awards for product quality, including recognition from Huawei and the China Manned Space Engineering Office [3] Group 4: Quality Control Measures - The company emphasizes a unified management approach to product design, production processes, and quality inspection to enhance product reliability [3] - A CNAS-certified testing platform has been established to meet the specific needs for high-reliability products, ensuring stable and reliable product quality [3] Group 5: Investor Communication - The company maintains transparent communication with investors, adhering to strict information disclosure management protocols to ensure accuracy and completeness [3]

Investment Rating - The report maintains a "Recommended" rating for the company with a target price of 42.80 CNY [1]. Core Views - The company experienced a year-on-year decline in revenue and net profit due to a temporary slowdown in downstream demand, but there was a quarter-on-quarter improvement in net profit [1]. - The company is focusing on opportunities in the commercial aerospace sector, particularly in the development of low-cost, high-reliability interconnect products [1]. - The financial forecast indicates a challenging year ahead with expected revenue decline in 2024, but potential recovery in subsequent years [2][3]. Financial Performance Summary - For 1H24, the company reported revenue of 329 million CNY, a year-on-year decrease of 29.0%, and a net profit attributable to shareholders of 25 million CNY, down 44.2% [1]. - In 2Q24, the company achieved a net profit of 15 million CNY, a quarter-on-quarter increase of 45%, despite a year-on-year decrease of 55.4% [1]. - The gross margin for the company's main products has declined, with the net profit margin also showing a year-on-year decrease [1]. Revenue and Profit Forecast - The company expects revenue to decrease to 783 million CNY in 2024, down 8.1% from 2023, with a projected net profit of 70 million CNY, a decline of 10.5% [3]. - The forecast for 2025 and 2026 shows a recovery with revenues expected to rise to 962 million CNY and 1,156 million CNY, respectively [3]. Key Financial Ratios - The report highlights a projected PE ratio of 66 for 2024, decreasing to 39 by 2026, indicating a potential improvement in valuation as earnings recover [3]. - The company's gross margin is expected to remain stable around 40.67% in 2024, with a slight decrease in net profit margin to 9.00% [3]. Cash Flow and Operational Efficiency - The operating cash flow is expected to improve significantly in 2024, with a forecast of 216 million CNY compared to 19 million CNY in 2023 [4]. - The report notes an increase in the cash ratio to 1.15 in 2024, indicating better liquidity management [3].

证券代码：301517 证券简称：陕西华达 公告编号：2024-028 特此公告。 陕西华达科技股份有限公司董事会 2024 年 8 月 29 日 附件： 1、赵建创先生简历 陕西华达科技股份有限公司 关于聘任公司副总经理的公告 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。 陕西华达科技股份有限公司（以下简称"公司"）于 2024 年 8 月 27 日召开第五届董事会第四次会议，审议通过了《关于聘任公司 副总经理的议案》，具体内容如下： 因公司经营管理需要，根据《公司法》《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》及《公司章程》 等相关规定，经公司总经理提名，董事会提名委员会审核，公司董事 会同意聘任赵建创先生、常迎科先生（简历详见附件）为公司副总经 理，任期自本次董事会会议审议通过之日起至公司第五届董事会届满 之日止。 赵建创先生和常迎科先生具备与其行使职权相适应的任职条件， 不存在《公司法》《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》及《公司章程》规定的不得担任公司高 级管理人员的情形，亦不 ...

证券代码：301517 证券简称：陕西华达 公告编号：2024-025 陕西华达科技股份有限公司 第五届监事会第四次会议决议公告 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。 一、监事会会议召开情况 陕西华达科技股份有限公司（以下简称"公司"）第五届监事会 第四次会议通知于 2024 年 8 月 16 日以电话、电子邮件或专人送达等 方式通知全体监事，于 2024 年 8 月 27 日在陕西省西安市高新区普新 二路 5 号公司会议室以现场方式召开。本次监事会由监事会主席王增 利先生召集并主持，应出席监事 3 人，实际出席监事 3 人，高级管理 人员列席本次监事会。本次会议的召集、召开符合《公司法》《公司 章程》等有关规定。 二、监事会会议审议情况 具体内容详见公司同日披露于巨潮资讯网（www.cninfo.com.cn） 的《2024 年半年度报告》及《2024 年半年度报告摘要》。 表决结果：3 票同意，0 票反对，0 票弃权。 （二）审议通过《关于<2024 年半年度募集资金存放与使用情况 的专项报告>的议案》 经审议，全体监事认为：公司 2024 年半 ...

Financial Performance - The company reported a revenue of 500 million RMB for the first half of 2024, representing a year-on-year increase of 15%[8]. - The company's operating revenue for the reporting period was ¥328,987,973.72, a decrease of 29.03% compared to ¥463,527,096.02 in the same period last year[14]. - The net profit attributable to shareholders was ¥24,710,030.31, down 46.02% from ¥45,777,700.63 year-on-year[14]. - Basic and diluted earnings per share were both ¥0.23, representing a decline of 59.65% compared to ¥0.57 in the previous year[14]. - The company reported a net profit for the first half of 2024 of CNY 25,275,085.08, a decline of 48.7% compared to CNY 49,218,921.75 in the first half of 2023[112]. - The company reported a significant increase in cash received from sales, totaling CNY 257.28 million in the first half of 2024, compared to CNY 200.18 million in the same period of 2023, an increase of approximately 28.5%[116]. Market and Growth Strategy - Future outlook includes a revenue target of 1 billion RMB for the full year 2024, with a projected growth rate of 25%[8]. - The company is expanding its market presence in Southeast Asia, aiming for a 10% market share by the end of 2025[8]. - The company plans to launch two new products in Q4 2024, focusing on 5G technology and high-reliability connectors[8]. - The company aims to enhance its competitive advantage in civilian interconnect products while expanding into new markets such as new energy vehicles and data centers[20]. - The company is actively developing its presence in the commercial aerospace sector and addressing market pressures related to cost reduction[63]. Research and Development - Research and development expenses increased by 30% to support new product innovations and technology advancements[8]. - The company emphasizes the development of new technologies and products to enhance reliability and performance in high-temperature and high-power environments[28]. - The company has achieved a technological breakthrough in high-reliability connectors for aerospace applications, reaching international advanced levels and filling domestic gaps in ultra-high-power RF coaxial connectors[38]. - The company is enhancing its research and development capabilities through extensive collaboration with universities and research institutions, focusing on cutting-edge technologies[33]. Financial Position and Assets - Total assets at the end of the reporting period were ¥2,261,066,982.53, a decrease of 7.11% from ¥2,434,003,049.72 at the end of the previous year[14]. - The company’s cash and cash equivalents at the end of the reporting period were ¥203,566,435.83, a decrease of 21.88% from ¥751,631,478.21 at the end of the previous year[42]. - The company’s accounts receivable increased to ¥619,023,857.99, representing 27.38% of total assets, up from 21.66% last year[42]. - The company reported a significant investment amounting to ¥453,402,247.50 during the reporting period, reflecting a change of 9,232.76% compared to the previous year[47]. Risk Management - The management highlighted potential risks including supply chain disruptions and increased competition in the connector market[2]. - The company faces risks from industry competition, raw material price fluctuations, and safety production, with measures in place to mitigate these risks[60]. - The company has not encountered any significant internal or external factors that would necessitate adjustments to the fundraising investment plan[52]. Compliance and Governance - The company has successfully passed the ISO 45001:2018 occupational health and safety management system certification during the reporting period[60]. - The company has maintained a high level of compliance with pollution discharge standards, with no exceedances reported[68]. - The company has not faced any administrative penalties related to environmental issues during the reporting period[71]. - The company has established a comprehensive performance evaluation system for employees, providing various benefits and training opportunities[73]. Shareholder Information - The total number of shares before the recent change was 108,026,700, with a total of 1,144,601 shares released from restrictions, resulting in a new total of 106,882,099 shares[92]. - The largest shareholder, Shaanxi Electronic Xijing Electric Group Co., Ltd., holds 35.10% of the shares, totaling 37,914,500 shares[95]. - The company has a total of 16,197 shareholders, with 5% or more held by 4 major shareholders[95]. Environmental Responsibility - The company invested CNY 250,000 in environmental governance and protection during the reporting period[71]. - The company has received the "Green Factory" title from the Shaanxi Provincial Industry and Information Technology Department[75]. - The company has implemented a bus system to promote green commuting among employees[75]. Revenue Recognition - The company recognizes revenue from the sale of RF coaxial connectors, low-frequency connectors, and RF coaxial cable components upon delivery to the customer's designated location and receipt of customer acceptance documentation[199]. - The company emphasizes the importance of customer acceptance in the revenue recognition process, which is critical for its business model[199]. - The company conducts monthly reconciliations with customers to confirm the acceptance of products and services, ensuring accurate revenue recognition[199].