Core Viewpoint - The company, specializing in micro electrical connectors and interconnection systems, has reported significant growth in its automotive connector products and a recovery in demand for consumer electronics, leading to increased revenue and stable profitability [13][14]. Company Overview - The company focuses on the research, design, manufacturing, and sales of micro electrical connectors, interconnection systems, POGOPIN products, and PCB soft board products, achieving a technology level comparable to leading international connector manufacturers [4][5]. - The product range includes micro RF connectors, cable assemblies, and electromagnetic compatibility components, which are essential for smart mobile terminals, fuel vehicles, and new energy vehicles [6][7]. Business Model - The company employs a sales-driven production model, ensuring that production plans align with customer orders and maintaining a robust supply chain through ERP systems [10]. - A direct sales model is utilized, with a strong sales team and multiple sales offices established domestically and internationally, enhancing brand reputation and attracting numerous inquiries from major 3C product manufacturers [11]. Performance Drivers - The automotive connector product shipments have seen rapid growth, supported by successful integration with major domestic automotive clients and the accelerating development of new energy vehicles [13]. - The recovery in the consumer electronics sector has led to increased revenue from both mobile and non-mobile electronic products [13]. Competitive Position - The company is recognized as a leading supplier of micro RF connectors and interconnection systems in China, having established itself as a core supplier for major smartphone brands and automotive manufacturers [14]. - The company has received accolades for its performance, including being ranked 38th among key enterprises in the Chinese electronic components industry in 2024 [14]. Financial Data - The company has announced a cash dividend of 3.58 yuan per 10 shares, totaling approximately 149.94 million yuan, with no stock bonus or capital increase planned for the year [3][17]. - The company has successfully completed a share buyback of 2,786,600 shares, representing 0.6576% of the total share capital, with a total expenditure of approximately 100.28 million yuan [22].
电连技术股份有限公司2024年年度报告摘要