证券代码：301607 证券简称：富特科技 公告编号：2025-025 公司 2024 年年度权益分派已全部实施完毕，公司总股本由 111,014,571 股增 加至 155,420,399 股，因此公司注册资本由 11,101.4571 万元相应增加至 15,542.0399 万元。 浙江富特科技股份有限公司（以下简称"公司"）分别于 2025 年 4 月 29 日 召开第三届董事会第十一次会议、2025 年 5 月 15 日召开 2024 年年度股东大会， 审议通过《关于变更注册资本、修订<公司章程>并办理工商变更登记的议案》， 具体内容详见公司于 2025 年 4 月 29 日和 2025 年 5 月 15 日在巨潮资讯网 （www.cninfo.com.cn）披露的相关公告。 二、工商变更登记情况 近日，公司已完成上述事项的工商变更登记（备案）手续，并取得了浙江省 市场监督管理局核发的《营业执照》，变更后的具体信息如下： 浙江富特科技股份有限公司 5、注册资本：人民币 15,542.0399 万元 关于完成工商变更登记并换发营业执照的公告 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 ...

Core Viewpoint - Zhejiang Fute Technology Co., Ltd. has announced its 2024 annual equity distribution plan, which includes a cash dividend and a capital reserve stock increase for shareholders [1][2]. Group 1: Equity Distribution Plan - The company will distribute a cash dividend of 0.18 RMB per 10 shares (before tax), totaling approximately 1.998 million RMB [1][2]. - In addition to the cash dividend, the company will increase its capital reserve by issuing 4 additional shares for every 10 shares held, resulting in a total share capital increase [2]. Group 2: Share Capital Changes - The total share capital before the distribution is 111,014,571 shares, which will increase to 155,420,399 shares after the distribution [2][4]. - The distribution will be based on the total share capital as of December 31, 2024, and will be adjusted if there are any changes in the total share capital before the distribution [1]. Group 3: Key Dates - The record date for the equity distribution is set for June 5, 2025, and the ex-dividend date is June 6, 2025 [3]. - The newly issued shares will start trading on June 6, 2025 [3]. Group 4: Shareholder Eligibility - The distribution is applicable to all shareholders registered with the China Securities Depository and Clearing Corporation Limited, Shenzhen Branch, as of the record date [3]. Group 5: Share Structure Changes - The share structure will consist of 78.75% restricted shares and 21.25% unrestricted shares after the distribution [4]. - The net profit per share is reported to be 0.6087 RMB [4].

证券代码：301607 证券简称：富特科技 公告编号：2025-024 浙江富特科技股份有限公司 2024 年年度权益分派实施公告 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。 浙江富特科技股份有限公司（以下简称"公司"或"本公司"）2024年年度权益 分派方案已获2025年5月15日召开的2024年年度股东大会审议通过。现将权益分 派事宜公告如下： 一、股东大会审议通过权益分派方案情况 1、公司于 2025 年 5 月 15 日召开 2024 年年度股东大会审议通过了 2024 年 年度权益分派方案，2024 年年度权益分派方案的具体内容如下： 以 2024 年 12 月 31 日公司总股本 111,014,571 股为基数，向全体股东每 10 股派发现金红利 0.18 元（含税），合计派发现金红利 1,998,262.28 元（含税）， 不送红股，同时以资本公积金向公司全体股东每 10 股转增 4 股，合计转增股本 44,405,828 股，转增后公司总股本将增加至 155,420,399 股（最终股数以转增后 中国证券登记结算有限责任公司深圳分公司实际 ...

Group 1: Multi-in-One Technology Development - Multi-in-one technology includes two main types: integration within the power sector (e.g., vehicle power supply and EVCC) and integration between power and drive components (e.g., vehicle power supply and electronic control) [1] - This technology offers advantages in product size and cost, aligning with the trends of integration and intelligence in new energy vehicles [1] - The company plans to achieve mass production of integrated vehicle power supply products and motor controllers by 2025 through collaboration with OEMs [1] Group 2: High Voltage Product Sales and Value Enhancement - Currently, 400V voltage platform products dominate the company's mass production projects, while some 800V vehicle power supply systems have also been mass-produced [1] - 800V products typically have a higher unit value, influenced by project technical requirements and production processes [1] - The promotion speed of high voltage platform products is linked to technological maturity and the development of fast-charging infrastructure, with expectations for an increasing share of high voltage products in the future [1] Group 3: Gross Margin Fluctuations - The company's overall gross margin remained stable in 2024, with quarterly fluctuations attributed to customer reductions, supply chain cost reductions, and the timing of technical cost reduction measures [2] - Future strategies include optimizing technology and innovation, building platforms to effectively lower raw material and production costs, and enhancing supply chain management to improve profitability [2] Group 4: Customer Penetration and Business Expansion - The company has strengthened relationships with existing customers and established projects with several automotive clients, including XPeng Motors and Xiaomi Motors, with mass production already achieved for some projects [2] - Projects with Changan Automobile and Leap Motor are expected to reach mass production by 2025, contributing to sustained growth in domestic business [2] - Non-automotive business development is progressing cautiously, with a focus on evaluating market maturity and company advantages before making investments [2]

Investment Rating - The investment rating for the electric power equipment industry is "Positive" (maintained) [1] Core Viewpoints - The report highlights a significant increase in BEV sales among major automakers in Europe, indicating a strong trend towards electrification in the automotive industry. Renault's BEV sales grew by 88% year-on-year, Volkswagen's by 113%, and BMW's by 64% in Q1 2025 [4][14][23] - The introduction of new electric vehicle models is expected to sustain the electrification trend, with various automakers planning to launch competitively priced electric vehicles in the coming years [6][37] - The report discusses the implications of carbon emission regulations, noting that a shift to a three-year average assessment period for emissions targets could alleviate pressure on automakers and allow for better planning and execution of new model launches [53] Summary by Sections Sales Performance - In Q1 2025, Renault's BEV sales increased by 88% year-on-year, with a penetration rate of 17.1% [15] - Volkswagen's BEV deliveries in Europe rose by 113%, achieving a market share of approximately 26% [19][21] - BMW's BEV sales in Europe grew by 64%, with a penetration rate of 18.7% [23] New Model Launches - Stellantis plans to introduce multiple new models priced below €25,000, which are expected to boost sales in Q2 2025 [40] - Renault's new model, the Renault 4, is set to launch in Q2 2025, building on the success of the Renault 5 [41] - Volkswagen will showcase a new range of entry-level BEVs in September 2025, with the ID.2 model expected to launch in 2026 [45] Carbon Emission Regulations - The European Parliament has approved a revision of carbon emission regulations, shifting to a three-year average assessment, which is seen as beneficial for the industry [53] - Stellantis believes that relaxing the assessment timeline can prevent panic pricing strategies in late 2025 [54] - BMW is confident in meeting the revised emission targets, having already exceeded previous goals [58] Investment Recommendations - The report recommends investing in companies involved in lithium batteries, such as CATL and Yiwei Lithium Energy, as well as companies producing lithium materials and components [59]

Investment Rating - The investment rating for the electric power equipment industry is "Positive" (maintained) [1] Core Insights - The report highlights a significant increase in BEV sales among major automakers in Europe, indicating a strong trend towards electrification in the automotive industry. Renault's BEV sales grew by 88%, Volkswagen's by 113%, and BMW's by 64% in Q1 2025 [4][14][23] - The introduction of new electric vehicle models is expected to sustain the electrification trend, with Stellantis and Renault planning to launch multiple affordable B-segment electric vehicles by the end of 2024 [6][37] - The report discusses the impact of carbon emission regulations, noting that the EU has revised its assessment method to consider a three-year average from 2025 to 2027, which may alleviate immediate pressure on automakers [53] Summary by Sections Sales Performance - In Q1 2025, Renault's BEV sales increased by 88%, with a penetration rate of 17.1% in Europe. The Renault 5 model was the best-selling B-segment electric vehicle [15][18] - Volkswagen's BEV deliveries in Europe rose by 113%, achieving a market share of approximately 26% [19][21] - BMW's BEV sales in Europe grew by 64%, with a penetration rate of 18.7% [23][25] - Chinese automakers are increasing PHEV exports to mitigate the impact of tariffs, with BYD's sales in Europe rising by 124% [5][32] New Model Launches - Stellantis plans to launch several new models priced below €25,000, which are expected to boost sales in Q2 2025 [40] - Renault's new model, the Renault 4, is set to launch in Q2 2025, building on the success of the Renault 5 [41] - Volkswagen will showcase a new range of entry-level BEVs in September 2025, with the ID.2 model expected to launch in 2026 [45] - BMW is set to begin production of the iX3 by the end of 2025, with a series of NEUE KLASSE models to follow [46] Carbon Emission Regulations - The EU's revised carbon emission assessment method is expected to provide automakers with more time to meet targets, with a focus on increasing BEV penetration rates [53] - Stellantis believes that the revised timeline will prevent panic pricing in Q4 2025 [54] - Renault emphasizes the importance of reducing costs to maintain competitiveness in the electric vehicle market [55] - Volkswagen anticipates continued pressure in 2025, despite the regulatory changes [57] - BMW expresses confidence in meeting carbon emission targets due to its current BEV penetration rate [58] Investment Recommendations - The report recommends investing in companies involved in lithium batteries, such as CATL and Yiwei Lithium Energy, as well as companies producing lithium materials and components [59]

Investment Rating - The report assigns an initial investment rating of "Buy" for the company [5]. Core Views - The company is expected to achieve revenue of 1.934 billion yuan in 2024, with a year-on-year growth of 5.38%, and a net profit of 95 million yuan, reflecting a slight decline of 1.90% year-on-year [2][9]. - In Q1 2025, the company reported revenue of 506 million yuan, a significant increase of 94.79% year-on-year, although it experienced a quarter-on-quarter decline of 32.57% [2]. - The company is actively expanding its overseas market, with expected revenue from international markets reaching 132 million yuan in 2024, marking a substantial year-on-year increase of 5815% [5][9]. Summary by Sections Financial Performance - In 2024, the overall gross margin of the company was 22.29%, a decrease of 1.10 percentage points year-on-year, primarily influenced by non-automotive products and technical services [3]. - The sales, management, R&D, and financial expense ratios for 2024 were 1.54%, 5.10%, 10.35%, and 0.17%, respectively, showing a year-on-year decrease in sales, management, and R&D expenses [3]. Product Sales - The company sold 900,000 sets of new energy vehicle products in 2024, achieving a revenue of 1.82 billion yuan, which accounted for 94.27% of total revenue [4]. - Key products include on-board chargers (OBC), DC/DC converters, and integrated power products, with stable partnerships established with major automotive manufacturers [4]. International Market Expansion - The company has made significant strides in the international market, becoming the first independent supplier for a major European luxury automotive brand project in 2024, alongside securing multiple projects with Renault and Stellantis [5][9]. - The international market revenue is projected to represent 6.82% of total revenue in 2024, indicating a strong start in international market development [9]. Future Projections - Revenue forecasts for 2025-2027 are approximately 2.667 billion yuan, 3.437 billion yuan, and 4.105 billion yuan, respectively, with net profits expected to be around 142 million yuan, 198 million yuan, and 233 million yuan [9][10]. - The projected P/E ratios for 2025-2027 are 36.38, 26.19, and 22.23, respectively, indicating a favorable outlook for the company's financial performance [9].

Financial Performance - The company achieved operating revenue of 1.933 billion, a year-on-year increase of 5.38% [7] - The net profit attributable to shareholders was 94.6 million, showing a slight decline compared to the previous year [7] - The total assets and net assets attributable to shareholders experienced significant growth [7] Market Expansion - In 2024, the revenue from exported vehicle-mounted products increased to 6.8% of total revenue, indicating progress in international market development [2] - The company successfully secured projects with leading global automotive brands, contributing to future revenue growth [5] - The global sales of new energy vehicles reached 18.236 million units in 2024, a year-on-year growth of 24.4% [5] Research and Development - The R&D investment for 2024 was 200 million, accounting for 10.35% of operating revenue, with a capitalization rate of 0% [2] - The R&D team expanded to 813 members, covering various key functions to enhance innovation capabilities [7] - The company maintains a high level of R&D investment to support long-term development and ensure product performance remains industry-leading [3] Accounts Receivable - The accounts receivable and notes receivable increased by 136.22% compared to the previous year, with a 13.41 percentage point rise in their proportion of total assets [7] - The increase in accounts receivable is primarily due to high sales in the fourth quarter, with good quality of receivables from major clients [7] Strategic Outlook - The company plans to strengthen its domestic market while leveraging its brand advantages to explore international clients [2] - Future gross margin levels are expected to be influenced by customer pricing and supply chain cost reduction measures [4] - The company aims to enhance its market share in the global high-voltage power supply systems for new energy vehicles [2]

证券代码：301607 证券简称：富特科技 公告编号：2025-023 浙江富特科技股份有限公司 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、本次股东大会无否决议案的情形。 3、会议召开方式：本次会议采取现场投票与网络投票相结合的方式召开， 股东大会股权登记日在册的公司股东有权选择现场投票、网络投票中的一种方式 行使表决权，如果同一表决权出现重复投票表决的，以第一次投票表决结果为准。 4、会议召集人：公司董事会 5、会议主持人：董事长李宁川先生 6、本次股东大会会议的召集、召开与表决程序，符合有关法律、行政法规、 部门规章、规范性文件及《公司章程》的规定，会议合法有效。 2、本次股东大会不涉及变更以往股东大会已通过的决议。 一、会议召开及出席情况 （一）会议召开情况 1、会议召开时间： （1）现场会议时间：2025 年 5 月 15 日（星期四）14:30 （2）网络投票时间：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 5 月 15 日 9:15-9:25，9:30-11:30 和 ...