Revenue and Profit Growth - Revenue for the third quarter reached 1.503 billion yuan, an increase of 11.86% year-over-year[4] - Net profit attributable to shareholders was 256.07 million yuan, up 15.57% compared to the same period last year[4] - Q3 2024 revenue reached RMB 15,039.02 million, a year-on-year increase of 11.86% and a quarter-on-quarter increase of 4.99%, marking a historical high for the company[9] - Q3 2024 net profit attributable to shareholders was RMB 2,560.71 million, up 15.57% year-on-year and 29.43% quarter-on-quarter[9] - Cumulative revenue for the first nine months of 2024 was RMB 41,951.64 million, up 14.13% year-on-year[10] - Cumulative net profit attributable to shareholders for the first nine months of 2024 was RMB 6,240.77 million, up 30.71% year-on-year[10] - Total revenue for the first three quarters of 2024 reached 4,195,164,400.47 yuan, a 14.13% increase compared to the same period last year (3,675,924,435.36 yuan)[24] - Net profit attributable to the parent company for the first three quarters of 2024 was 3,489,734,482.75 yuan, a 12.47% increase compared to the same period last year (3,102,657,289.60 yuan)[22] - Operating profit for the quarter reached 831.59 million yuan, a 26.8% increase compared to the same period last year[25] - Net profit attributable to parent company shareholders was 624.08 million yuan, up 30.7% year-over-year[25] - Basic earnings per share increased to 0.79 yuan from 0.60 yuan in the previous year[25] - The company's comprehensive income totaled 703.49 million yuan, reflecting a 28.4% increase compared to the previous year[25] Cash Flow and Financial Position - Operating cash flow for the year-to-date period was 1.115 billion yuan, a significant increase of 69.14% year-over-year[4] - Sales revenue from goods and services received in cash increased by 42.65% to 4.535 billion yuan[8] - Tax refunds received decreased by 83.61% to 10.10 million yuan compared to the same period last year[8] - Cash paid for purchasing goods and services increased by 42.08% to 2.155 billion yuan[8] - Cash received from investments increased by 51.94% to 79.37 million yuan[8] - Cash flow from operating activities grew significantly to 1.12 billion yuan, a 69.2% increase compared to the same period last year[27] - Investment activities resulted in a net cash outflow of 636.68 million yuan, primarily due to capital expenditures[27] - The company raised 79.37 million yuan through minority shareholder investments, a 51.9% increase from the previous year[28] - Total cash and cash equivalents at the end of the period stood at 325.58 million yuan, a decrease of 434.32 million yuan from the beginning of the period[28] - Foreign exchange gains contributed 5.18 million yuan to the company's cash position[28] Assets and Liabilities - Total assets as of the end of the reporting period were 12.607 billion yuan, a slight increase of 0.31% from the end of the previous year[4] - Short-term borrowings decreased by 51.58% to 487.14 million yuan due to repayment of loans[6] - Prepayments increased by 50.60% to 52.41 million yuan, mainly due to increased prepayments for materials[6] - Total assets at the end of Q3 2024 were 12,607,931,527.10 yuan, a slight increase of 0.31% compared to the beginning of the year (12,568,392,287.29 yuan)[22] - Total liabilities at the end of Q3 2024 decreased to 5,796,713,754.40 yuan, a 3.85% reduction compared to the beginning of the year (6,028,780,756.76 yuan)[22] - Short-term borrowings at the end of Q3 2024 were 487,136,881.67 yuan, a 51.58% decrease compared to the beginning of the year (1,006,114,859.73 yuan)[22] - Long-term borrowings at the end of Q3 2024 increased to 2,454,912,200.64 yuan, a 16.02% increase compared to the beginning of the year (2,115,925,236.40 yuan)[22] Segment Performance - The automotive electronics or energy storage segment revenue for the first nine months of 2024 was RMB 7,743.00 million, a year-on-year increase of 90.47%[12] - The signal processing segment revenue for the first nine months of 2024 was RMB 16,610.60 million, up 12.10% year-on-year[12] - The power management segment revenue for the first nine months of 2024 was RMB 14,171.10 million, a slight decrease of 0.25% year-on-year[12] - The ceramics, PCB, and other segment revenue for the first nine months of 2024 was RMB 3,427.00 million, down 6.59% year-on-year[12] Shareholder Information - China Life Insurance Company Limited holds 9,979,377 shares, representing 1.24% of the total shares[15] - China Construction Bank Corporation holds 8,872,299 shares, representing 1.10% of the total shares[15] - Shenzhen Sunlord Electronics Co., Ltd. holds 8,517,000 shares, representing 1.06% of the total shares[15] - Hong Kong Securities Clearing Company Limited holds 71,953,468 shares, representing the largest shareholding among the top 10 shareholders[15] - Xinyu Hengshuntong Electronics Technology Development Co., Ltd. holds 55,502,000 shares[15] - China Merchants Bank Co., Ltd. holds 9,036,567 shares, representing 1.12% of the total shares[15] - Agricultural Bank of China Limited holds 14,483,804 shares, representing 1.80% of the total shares[15] - Zhongliang Investment Asset Management Co., Ltd. holds 24,789,860 shares[15] - Yuan Jinyu holds 13,376,820 shares[15] - Agricultural Bank of China Limited's shareholding increased to 14,483,804 shares, representing 1.80% of the total shares, up from 4,434,104 shares in the previous period[16] Corporate Actions and Investments - The company plans to repurchase shares of Shunluo Automotive held by employee equity platforms, with a total registered capital of no more than RMB 2.00525 million (1.648% of Shunluo Automotive's registered capital) and a repurchase price not exceeding RMB 10.226775 million[17] - The company has completed the registration of its subsidiaries in Vietnam and Germany, marking the completion of its overseas expansion strategy[17] - The company has completed a capital increase of RMB 18.3816 million in its subsidiary Dongguan Hualuo Electronics, increasing its registered capital from RMB 102.78 million to RMB 112.77 million, with the company holding 70.9409% of the shares[17] - The company has completed the first and second rounds of core employee equity exits for its subsidiary Guiyang Shunluo Xunda Electronics, and upon full implementation of the exit plan, the company's wholly-owned subsidiary will hold 100% of the shares[18] - The company has completed a share repurchase plan, repurchasing 4,393,600 shares (0.54% of total issued shares) at a total cost of RMB 108.665841 million[19] - The company has established the fourth employee stock ownership plan, transferring 8,517,000 shares to the plan's account[19] - The company has invested RMB 70 million in the establishment of Shenzhen Baoteng Fushun Venture Capital Fund, with an initial payment of RMB 21 million (30% of the total investment)[20] Operating Costs and Expenses - Operating costs for the first three quarters of 2024 were 3,405,379,696.76 yuan, up 12.56% from the same period last year (3,025,420,566.57 yuan)[24] - R&D expenses for the first three quarters of 2024 amounted to 343,966,827.06 yuan, a 23.25% increase compared to the same period last year (279,065,105.19 yuan)[24] - Accounts receivable at the end of Q3 2024 stood at 2,226,670,087.10 yuan, a 13.91% increase from the beginning of the year (1,954,808,094.37 yuan)[21] - Inventory at the end of Q3 2024 was 1,015,776,493.07 yuan, a 17.48% increase compared to the beginning of the year (864,608,343.35 yuan)[21] Gross Profit - Q3 2024 gross profit was RMB 5,704.00 million, a year-on-year increase of 16.98%[10] - Gross profit for the first nine months of 2024 was RMB 15,652.02 million, up 22.53% year-on-year[10]

股票代码：002138 股票简称：顺络电子 编号：2024-084 深圳顺络电子股份有限公司 关于股东部分股份质押及解除质押的公告 本公司及董事会全体成员保证公告内容真实、准确和完整，没有虚假记载、 误导性陈述或重大遗漏。 深圳顺络电子股份有限公司（以下简称"公司"）于近日接到公司股东新余 市恒顺通电子科技开发有限公司（以下简称"恒顺通"）通知，获悉恒顺通将 持有本公司部分股份办理质押及解除质押业务，现将有关事项公告如下： | 股东名称 | 是否为控股 股东或第一 | 本次解除质押股份 | 占其所持股 | 占公司总 | 起始日 | 解除日期 | 质权人 | | --- | --- | --- | --- | --- | --- | --- | --- | | | 大股东及其 | 数量（股） | 份比例 | 股本比例 | | | | | | 一致行动人 | | | | | | | | 恒顺通 | 是 | 5,850,000 | 10.54% | 0.73% | 2023 年 9 月 | 2024 年 9 月 | 深圳市高新投集 | | | | | | | 26 日 | 24 日 | 团有限公司 | 一、 股东股 ...

公司已于 2024 年 2 月 27 日召开了第七届董事会第三次会议及第七届监事 会第二次会议，分别审议通过了《关于公司 2024 年度为控股公司提供担保的议 案》。为增强对公司之控股公司的支持，公司拟为控股公司深圳顺络汽车电子有 限公司（以下简称"顺络汽车"）向银行申请人民币 10 亿元（含）的银行授信 提供担保；公司拟为控股公司东莞华络电子有限公司（以下简称"东莞华络"） 向银行申请人民币 5 亿元（含）的银行授信提供担保。此议案已于 2024 年 3 月 20 日 2023 年年度股东大会审议通过。 股票代码：002138 股票简称：顺络电子 编号：2024-078 深圳顺络电子股份有限公司 关于为控股公司提供担保的进展情况公告 本公司及董事会全体成员保证公告内容真实、准确和完整，没有虚假记载、 误导性陈述或重大遗漏。 特别提示： 深圳顺络电子股份有限公司（以下简称"公司"）对外担保额度总额超过最 近一期经审计净资产的 100%，该等担保全部系为公司之控股公司提供的担保， 本次担保中有资产负债率超过 70%的被担保对象，敬请投资者充分关注担保风险。 一、担保情况概述 在上述权限范围内，公司董事会授权公司 ...

深圳顺络电子股份有限公司 第四期员工持股计划管理规则 为规范深圳顺络电子股份有限公司（下称"公司"）第四期员工持股计划（下以 简称"员工持股计划"）的实施与管理，根据《中华人民共和国公司法》、《中华人 民共和国证券法》、中国证监会《关于上市公司实施员工持股计划试点的指导意见》、 《深圳证券交易所上市公司自律监管指引第1号——主板上市公司规范运作》、中国 证券登记结算公司《关于上市公司员工持股计划开户的有关问题的通知》等相关法 律、行政法规、规章、规范性文件和《深圳顺络电子股份有限公司章程》之规定， 特制定本规则。 第一条 员工持股计划的基本原则 （一）依法合规原则 公司实施本次员工持股计划，严格按照法律、行政法规的规定履行程序，真实、 准确、完整、及时地实施信息披露。任何人不得利用员工持股计划进行内幕交易、 操纵证券市场等证券欺诈行为。 （二）自愿参与原则 公司实施员工持股计划遵循公司自主决定，员工自愿参加的原则，公司不以摊 派、强行分配等方式强制员工参加本次员工持股计划。 （三）风险自担原则 本次员工持股计划参与人盈亏自负，风险自担，与其他投资者权益平等。 第二条 员工持股计划对象确定的标准 本次员工持股计 ...

股票代码：002138 股票简称：顺络电子 编号：2024-068 深圳顺络电子股份有限公司 关于董事长部分股份解除质押的公告 本公司及董事会全体成员保证公告内容真实、准确和完整，没有虚假记载、 误导性陈述或重大遗漏。 深圳顺络电子股份有限公司（以下简称"公司"）于近日接到公司董事长袁 金钰先生通知，获悉袁金钰先生将持有本公司部分股份办理了解除质押业务， 现将有关事项公告如下： | 一、股东股份解除质押的基本情况 | | --- | | 股东名称 | 是否为控股 | | | | | | | --- | --- | --- | --- | --- | --- | --- | | | 股东或第一 | 本次解除质押股份 占其所持股 | 占公司总 | 起始日 | 解除日期 | 质权人 | | | 大股东及其 | 数量（股） 份比例 | 股本比例 | | | | | | 一致行动人 | | | | | | | 袁金钰 | 否 | 1,100,000 2.06% | 0.14% | 2023 年 8 月 | 2024 年 8 月 7 | 深圳担保集团有 | | | | | | 2 日 | 日 | 限公司 | 二、股份累计 ...

Financial Performance - In Q2 2024, the company achieved a record revenue of RMB 1.432 billion, marking the first time quarterly revenue surpassed RMB 1.4 billion[2]. - The company's operating revenue for the reporting period was approximately ¥2.69 billion, representing a year-on-year increase of 15.43% compared to ¥2.33 billion in the same period last year[21]. - Net profit attributable to shareholders was approximately ¥368 million, reflecting a significant increase of 43.82% from ¥256 million in the previous year[21]. - The basic earnings per share rose to ¥0.47, up 46.88% from ¥0.32 in the previous year[21]. - The gross profit margin for Q2 2024 was 36.98%, slightly up from 36.95% in Q1 2024[49]. - The net profit attributable to shareholders in Q2 2024 was RMB 197.84 million, representing a year-on-year increase of 12.84% and a quarter-on-quarter increase of 16.27%[49]. - In the first half of 2024, the company reported sales revenue of RMB 2,691 million, a 15.43% increase compared to the same period last year, and a net profit of RMB 368 million, up 43.82% year-on-year[51]. - The company’s sales gross profit for the first half of 2024 was RMB 995 million, reflecting a year-on-year growth of 25.96%[52]. Market Expansion and Strategy - The company has experienced rapid growth in emerging strategic markets such as automotive electronics and data centers, continuing the growth trend from the second half of 2023[2]. - The company aims to expand its market share in existing markets while exploring new growth opportunities in sectors like photovoltaic energy storage[4]. - The company is actively expanding its product lines in high-end consumer electronics, automotive electronics, and data centers, addressing market demands with innovative solutions[32]. - The company has established a comprehensive coverage of top-tier automotive electronics and new energy vehicle clients, enhancing its competitive edge in the market[56]. - The company plans to accelerate the development of new products and expand the application of high-frequency transformers and magnetic inductors in secondary power sources[58]. - The advent of AI technology presents new market opportunities for the company, enhancing the intelligence level of electronic products[59]. Research and Development - The company plans to focus on sustainable development by increasing R&D investment and maintaining a leading position in foundational technology research[7]. - Research and development expenses rose to ¥223,961,184.77, a 19.91% increase from ¥186,775,964.74, primarily due to higher personnel costs and material expenses for R&D projects[60]. - The company has established a comprehensive technology platform focusing on materials, processes, and design, which supports sustainable development and innovation[26][30]. - New product development is ongoing, with a focus on AI applications to capture emerging market opportunities in the communications and consumer electronics sectors[78]. Financial Management and Investments - The company has not declared any cash dividends or stock bonuses for the reporting period, indicating a focus on reinvestment[9]. - The company reported a total of ¥20 million in non-recurring gains, primarily from government subsidies, after accounting for taxes and minority interests[24]. - The company has invested in LTCC technology since 2010, successfully developing various LTCC products for applications in mobile phones, base stations, and automotive electronics[39]. - The company has a joint liability guarantee of RMB 70 million for Guiyang Shunluo Xunda Electronics Co., Ltd, effective from July 29, 2022[112]. - The company plans to repurchase shares with a budget of no less than RMB 100 million and no more than RMB 150 million, with a repurchase period of 12 months[117]. Environmental Responsibility - The company holds an environmental discharge permit valid from April 28, 2024, to April 27, 2029[90]. - The company has implemented pollution discharge standards, with total emissions of non-methane total hydrocarbons not exceeding 5.42 tons, with no exceedance reported[91]. - The company achieved zero wastewater discharge, processing wastewater to meet standards for reuse[93]. - The company has invested in environmental protection facilities, resulting in a 50% reduction in emissions from certain discharge points[94]. - The company installed online monitoring equipment for wastewater and hazardous waste, connected to local environmental monitoring platforms[98]. Corporate Governance and Accountability - The board of directors has confirmed the accuracy and completeness of the financial report, ensuring accountability for the information presented[9]. - The company ensures timely information disclosure to protect the rights of shareholders, especially minority shareholders[99]. - The annual shareholders' meeting had a participation rate of 31.90% and no resolutions were rejected[80]. - The company has established an incentive mechanism to attract and stabilize key personnel, linking shareholder interests with long-term company growth[89]. Risks and Challenges - The company acknowledges potential uncertainties in business development due to geopolitical risks, demand fluctuations, and rising commodity prices[9]. - The company faces risks from a slowdown in demand in the communications and consumer electronics sectors, which may adversely affect its business performance[77]. - The company has implemented measures to address rising energy and commodity prices by optimizing supply chain arrangements and inventory management[78]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 36,870, with significant shareholders including Hong Kong Central Clearing Limited holding 9.35%[127]. - The company has seen a significant reduction in restricted shares, decreasing from 63,184,782 shares (7.84%) to 49,833,357 shares (6.18%)[123]. - The company’s repurchase account held 18,356,180 shares, representing 2.28% of the currently issued total share capital[130]. - Major shareholders include New Yu City Hengshun Electronics Technology Development Co., Ltd. with a 6.88% stake and Yuan Jinyu with a 6.64% stake[127]. Legal Matters - The company is involved in several ongoing litigation cases, including a claim for RMB 5,297,032.74 and interest against Shenzhen Lingtai Communication Technology Co., Ltd.[104]. - The company is pursuing a claim against LeEco Mobile for USD 995,868.8 in unpaid invoices and overdue interest[104]. - The company reported a total of 400,000 RMB in receivables from a legal judgment against several companies, with an interest rate of 3.45% applicable from October 10, 2023[105].

Financial Performance - The company expects a net profit attributable to shareholders of between 366 million and 376 million RMB, representing a year-on-year increase of 43% to 47%[2] - The net profit after deducting non-recurring gains and losses is projected to be between 346 million and 356 million RMB, reflecting a year-on-year growth of 49% to 53%[2] - The company achieved a historical high in quarterly revenue, surpassing 1.4 billion RMB for the first time in Q2, with both year-on-year and quarter-on-quarter net profit growth[3] - The company has maintained a stable gross margin in Q2 compared to Q1, indicating solid financial health alongside revenue growth[3] - The preliminary financial data provided is unaudited and should be verified against the official 2024 semi-annual report[5] Strategic Focus - The company emphasizes customer-centric strategies, continuous investment in emerging markets, and the development of strategic new products to drive sustainable growth[4] - Increased investments are aimed at enhancing competitive strength and customer service capabilities, although they may impact short-term financial results[4] - The company is focused on strategic markets, clients, products, and fundamental research to ensure balanced and controlled overall investment[4]

证券研究报告 | 公司动态点评 2024 年 06月 03日 顺络电子（002138.SZ） 24 年 Q1 盈利端同比翻倍增长，期待一体成型电感持续放量 财务指标 2022A 2023A 2024E 2025E 2026E 买入（上调评级） 营业收入（百万元） 4,238 5,040 6,058 7,443 8,969 股票信息 增长率yoy（%） -7.4 18.9 20.2 22.9 20.5 归母净利润（百万元） 433 641 826 1,110 1,330 行业 电子 增长率yoy（%） -44.8 48.0 28.9 34.4 19.9 2024年5月31日收盘价（元） 24.93 ROE（%） 8.6 11.3 12.7 15.3 16.0 总市值（百万元） 20,101.52 EPS最新摊薄（元） 0.54 0.79 1.02 1.38 1.65 流通市值（百万元） 18,859.76 P/E（倍） 46.4 31.4 24.3 18.1 15.1 总股本（百万股） 806.32 P/B（倍） 3.6 3.4 3.1 2.7 2.3 流通股本（百万股） 756.51 资料来源：公司财报，长城 ...

顺络电子交流纪要 1、请问公司在工业及网通领域的销售情况？ 回答： 公司的产品为精密高端电感类基础元器件产品综合核心竞争力较强，广泛应用 在通讯、消费电子、汽车电子、物联网、工业自动化等重点应用领域。 工业与企业ICT应用领域属于公司传统应用领域,公司在此领域市占率高,产品竞 争力强与行业领先企业的合作不断加深,随着工业自动化、物联网、5G及5.5C 继续 发展,将会持续给公司带来机会。 2、请问公司产品在数据中心、服务器的应用及推广情况？ 回答： 公司早已提前布局数据中心、服务器市场,并将其作为战略市场耕耘多年,积累了 国内外广泛的大客户资源及潜在客户资源数据中心、服务器大量使用各种类型 的电感,包括应用于数据中心的各种类型功率电感产品，比如WPZ电感、一体成型 电感、磁铜共烧电感等，前述产品公司均有产品线布局。 公司是国内电感行业的龙头企业，同时也是全球行业前三的电感企业。 电感种类齐全,产品质量等级高，掌握各种类电感核心技术，为全球电子产业链不 断做出贡献。 3、请问公司LTCC产品业绩情况？ 回答： 公司在LTCC平台上布局多年,拥有雄厚的研发实力和研发团队,累积了大量自主 知识产权专利技术,拥有可信 ...

Financial Performance - In Q1 2024, the company achieved operating revenue of CNY 1,258,892,469.16, representing a year-on-year increase of 22.86%[3] - The net profit attributable to shareholders was CNY 170,164,146.96, a significant increase of 111.26% compared to the same period last year[3] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 157,555,540.77, reflecting a growth of 156.73% year-on-year[3] - The company's cash flow from operating activities reached CNY 238,363,592.39, up 117.05% from the previous year[3] - The gross profit margin for Q1 2024 was 36.95%, an increase of 4.77% compared to the same period last year[12] - The company reported a weighted average return on equity of 2.82%, up from 1.44% in the previous year[3] - Total revenue for Q1 2024 reached ¥1,258,892,469.16, an increase of 22.9% compared to ¥1,024,675,233.07 in the same period last year[35] - The net profit for Q1 2024 was CNY 196,972,284.38, a significant increase of 96% compared to CNY 100,520,288.61 in Q1 2023[36] - Operating profit reached CNY 241,029,924.75, up from CNY 130,686,907.16, reflecting a growth of approximately 84% year-over-year[36] - Total revenue from sales of goods and services amounted to CNY 1,340,939,696.74, compared to CNY 912,880,461.29 in the previous year, indicating a growth of about 47%[38] Cash Flow and Assets - The company’s cash received from sales and services was CNY 1,340,939,696.74, an increase of 46.89% year-on-year[8] - Cash and cash equivalents decreased to ¥578,922,254.95 from ¥778,838,007.37, a decline of 25.7%[32] - The cash flow from operating activities generated a net amount of CNY 238,363,592.39, an increase from CNY 109,820,901.84 in the same period last year[39] - The company incurred a total of CNY 234,068,589.80 in cash outflows for investment activities, down from CNY 401,509,576.08 in the previous year[39] - Total assets at the end of Q1 2024 were CNY 12,490,446,683.43, a slight decrease of 0.62% from the end of the previous year[3] - The company's total assets were reported at ¥12,490,446,683.43, down from ¥12,568,392,287.29[34] Expenses and Costs - Total operating costs for Q1 2024 were ¥1,037,683,963.45, up 16.5% from ¥890,674,725.42 in Q1 2023[35] - Sales expenses for Q1 2024 were RMB 25.72 million, up 23.47% from RMB 20.83 million in Q1 2023, primarily due to business growth[14] - R&D expenses rose to RMB 107.34 million in Q1 2024, a 19.92% increase from RMB 89.52 million in Q1 2023, driven by increased R&D investment[14] - Management expenses increased by 27.76% to RMB 69.68 million in Q1 2024, attributed to business growth and increased depreciation of office facilities[14] - Financial expenses rose by 26.17% to RMB 23.55 million in Q1 2024, mainly due to increased interest costs[14] Shareholder Information - The total number of common shareholders at the end of the reporting period is 32,122[26] - The top shareholder, Hong Kong Central Clearing Limited, holds 9.59% of shares, totaling 77,334,170 shares[26] - The company plans to repurchase shares with a budget between RMB 100 million and RMB 150 million, with 1,943,200 shares repurchased as of March 31, 2024, representing 0.24% of the total issued shares[31] - The highest transaction price during the share repurchase was RMB 26.18 per share, while the lowest was RMB 25.43 per share[31] - The shareholder, New Yu City Hengshun Electronics Technology Development Co., holds 6.88% of shares, totaling 55,502,000 shares, with 35,340,000 shares pledged[26] - The top ten shareholders account for a significant portion of the company's equity, with the largest holding being 9.59%[26] - The company has not disclosed any related party transactions among other shareholders, indicating no known relationships that would affect shareholder actions[27] Business Development and Strategy - The company has established itself as a leading enterprise in the passive electronic components industry, delivering over 100 billion inductors annually[19] - The automotive electronics and energy storage segment saw a significant year-on-year increase of 93.42%, reaching RMB 19.00 million in Q1 2024[23] - The company is focusing on sustainable development and continuous innovation in response to the growing demand for high-quality components in emerging industries such as AI, electric vehicles, and 5G[18] - The company’s product lines include precision inductors, filters, antennas, and various components for automotive electronics and energy storage applications[24][25] - The company has established subsidiaries in Vietnam and Germany, completing the registration procedures as of the announcement date[31]