General Provisions - The purpose of the guidelines is to regulate the work behavior of the president and other senior management of Shenzhen Invt Electric Co., Ltd., ensuring they perform their duties in accordance with relevant laws and the company's articles of association [1][2] - The president and senior management must act faithfully and diligently to protect the company's interests within the scope of authority granted by the articles of association or the board of directors [1][2] Authority and Appointment Procedures - The company has one president with a term of three years, who can be reappointed. The president is recommended by the chairman and appointed or dismissed by the board of directors [2][3] - The president has various responsibilities, including managing production and operations, implementing board resolutions, and proposing the appointment or dismissal of vice presidents and financial officers [2][3] President's Working Mechanism - The president's decision-making is primarily conducted through the president's office meetings, which discuss and decide on operational matters [2][3] - The president is responsible for the decisions made in these meetings, and other attendees have rights to suggest, inquire, and vote [2][3] Reporting Responsibilities - The president must submit an annual written report to the board of directors covering business operations, financial status, and market development [5][6] - The president is required to report any significant incidents or major contractual matters to the board promptly [5][6] Miscellaneous Provisions - Any matters not covered by these guidelines will follow relevant national laws and regulations [7] - The board of directors is responsible for interpreting and revising these guidelines, which take effect upon approval [7]

Core Points - The document outlines the management and confidentiality of insider information for Shenzhen Invt Electric Co., Ltd, ensuring fair and just information disclosure to protect the rights of investors and stakeholders [1][2][3] - Insider information is defined as information that has not been publicly disclosed and could significantly impact the company's operations, finances, or stock prices [1][2] - The document establishes a framework for identifying and managing individuals who have access to insider information, including company executives, major shareholders, and relevant personnel [2][3][4] Insider Information Management - The company must maintain accurate and complete records of insider information and the individuals who are privy to it, with the board secretary responsible for this task [3][4] - Individuals with insider information must confirm their knowledge and the company must report this information to the stock exchange within five trading days after the information is publicly disclosed [3][4] - The document mandates that all relevant parties, including shareholders and service institutions, must cooperate in maintaining accurate insider information records [4][5] Confidentiality and Accountability - Individuals with insider information are obligated to keep it confidential and are prohibited from trading based on this information or disclosing it to others [6][7] - The company must refuse any unreasonable requests for insider information from major shareholders or actual controllers [6][7] - In cases of information leakage or abnormal stock price fluctuations, the company is required to disclose relevant information immediately [6][7] Record Keeping and Compliance - Insider information records and significant event memoranda must be maintained for at least ten years [6][7] - The document specifies that any violations of the insider information management rules may result in penalties, including legal action against those involved [7][8] - The company reserves the right to pursue accountability for any damages caused by unauthorized disclosure of insider information [8][10]

Core Viewpoint - The company has established a comprehensive mechanism to respond to public opinion and manage potential impacts on its stock price and reputation, ensuring the protection of investors' rights and interests [1][2]. Group 1: General Principles - The company aims to enhance its ability to respond to various public opinions and establish a rapid response and emergency handling mechanism [1]. - Public opinion is defined as events involving the company that attract social attention, including negative or false media reports, rumors, and information that may affect investor sentiment [1]. Group 2: Organizational Structure and Responsibilities - A public opinion management working group has been established, led by the chairman of the board, with members including the president, board secretary, and other senior management [2]. - The working group is responsible for decision-making, assessing the impact of public opinion, coordinating external communications, and reporting to regulatory bodies [2]. Group 3: Classification and Handling of Public Opinion Information - Public opinion information is classified into major public opinion, which significantly affects the company's image or operations, and general public opinion, which does not have such severe impacts [3]. - The company must respond promptly and effectively to public opinion, maintaining objective communication and guiding public perception [4]. Group 4: Reporting and Response Procedures - The securities and investment department must report any public opinion information to the board secretary immediately [10]. - In the case of major public opinion, the working group will convene to make decisions on handling strategies, including real-time monitoring and communication with media and investors [11]. Group 5: Confidentiality and Accountability - Internal units and personnel have a confidentiality obligation regarding public opinion information, and violations may lead to internal disciplinary actions or legal consequences [13][14]. - The company reserves the right to pursue legal action against media that disseminate false or misleading information that harms its public image [15]. Group 6: Supplementary Provisions - Any matters not covered by these rules will be executed according to relevant national laws and regulations [16]. - The board of directors is responsible for interpreting and revising this system, which will take effect upon approval [17].

Investment Rating - The report assigns a "Buy" rating for the company, marking its first coverage [1][10]. Core Insights - The company is transitioning from a dealer-centric model to a direct sales approach, aiming to expand its second growth curve [5]. - The company has shown strong revenue growth, with a 13.50% year-on-year increase in 2024, reaching 1.7 billion yuan, and a 14.25% increase in Q1 2025 [2][10]. - The company is actively developing key components for humanoid robots, indicating a strategic move into high-growth sectors [5][10]. Revenue and Profitability - In 2024, the company achieved a net profit of 229 million yuan, reflecting a 14.84% year-on-year increase [2]. - The revenue breakdown for 2024 shows significant contributions from various segments, with programmable logic controllers (PLC) generating 648 million yuan, a 21.09% increase, and drive systems contributing 806 million yuan, a 10.57% increase [3][10]. Business Segments - The PLC segment has a gross margin of 56.25%, while the drive systems segment has a gross margin of 24.46% [3]. - The company is expanding its presence in high-end manufacturing industries such as renewable energy, semiconductors, and robotics [3][4]. Market Performance - The company's stock has outperformed the CSI 300 index significantly, with a 123.8% increase over the past 12 months [7]. - As of May 16, 2025, the stock price is 65.42 yuan, with a market capitalization of approximately 10.28 billion yuan [7][11]. Future Projections - Revenue forecasts for 2025 to 2027 are projected at 1.99 billion yuan, 2.32 billion yuan, and 2.72 billion yuan, respectively, with corresponding net profits of 274 million yuan, 335 million yuan, and 405 million yuan [9][10]. - The report anticipates a continued increase in profitability, with a projected return on equity (ROE) rising from 10% in 2024 to 12% by 2027 [11].

公司2025年Q1实现营收3.9亿元，同比增长14.3%，环比变化-22.0%；实现归母净利润0.46亿元，同比增长 3.5%，环比变化-15.3%；扣非归母净利润0.4亿元，同比增长8.2%，环比变化-11.1%。 毛利率稳步提升，研发投入维持高位。盈利方面，公司2024年销售毛利率/净利率分别为37.7%/13.4%，分别 同比变化1.9pp/0.1pp。公司2025年Q1销售毛利率/净利率分别为38.1%/11.8%，分别同比变化-0.9pp/-1.2pp。 费用方面，公司2024年销售/管理/研发/财务费用率分别为11.4%/4.8%/9.8%/-0.2%，分别同比变化 2.0pp/0.2pp/0.1pp/0.0pp。 伺服毛利率趋稳向上，产品迭代降本增效。2024年公司伺服系统实现收入8.1亿元，同比增长10.6%，毛利 率为24.5%，同比增长0.2pp。公司通过自主研发，推出DS5系列高性能伺服，产品性能优异，稳定可靠，销 售占比持续提升。此外，公司积极推进变频器、步进电机等产品应用，VH5、VH6系列变频器受到市场的 广泛好评，公司变频驱动产品销售超过4500万，同比增长近40%。 PLC业务 ...

证券代码： 002339 证券简称：积成电子 积成电子股份有限公司投资者关系活动记录表 编号：2025-001 | 投资者关系活动 | □特定对象调研 分析师会议 □ | | | | --- | --- | --- | --- | | 类别 | 业绩说明会 □ 媒体采访 √ | | | | | □ 新闻发布会 □ 路演活动 | | | | | □ 现场参观 | | | | | □ 其他 （请文字说明其他活动内容） | | | | 参与单位名称及 | 参加 2024 年度网上业绩说明会的投资者 | | | | 人员姓名 | | | | | 时间 | 年 月 日 (周一) 下午 2025 15:00~17:00 | 5 | 12 | | 地点 | 公司通过全景网"投资者关系互动平台"（https://ir.p5w.net） | | | | | 采用网络远程的方式召开业绩说明会 | | | | 上市公司接待人 | 1、董事长王良 | | | | 员姓名 | 2、总经理严中华 | | | | | 3、财务负责人秦晓军 | | | | | 4、独立董事艾芊 | | | | | 5、董事会秘书刘慧娟 | | | | 投资 ...

一、主要会计数据和财务指标 本次公司不分配不转赠。 | 报告期指标 | 2025年一季报 | 2024年一季报 | 本年比上年增减(%) | 2023年一季报 | | --- | --- | --- | --- | --- | | 基本每股收益（元） | -0.0100 | -0.0500 | 80 | -0.0500 | | 每股净资产（元） | 5.5 | 5.37 | 2.42 | 5.36 | | 每股公积金(元) | 2.5 | 2.46 | 1.63 | 2.46 | | 每股未分配利润(元) | 1.71 | 1.58 | 8.23 | 1.57 | | 每股经营现金流(元) | - | - | - | - | | 营业收入(亿元) | 0.83 | 0.63 | 31.75 | 0.56 | | 净利润(亿元) | -0.01 | -0.05 | 80 | -0.05 | | 净资产收益率(%) | -0.10 | -0.85 | 88.24 | -0.89 | 数据四舍五入，查看更多财务数据>> | 名称 | 持有数量(万股) | 占总股本比 | 增减情况 | | --- | --- | - ...

Group 1 - The company plans to use idle self-owned funds for entrusted wealth management, with a maximum amount not exceeding 1.2 billion yuan, from the date of approval at the 2024 annual shareholders' meeting until the 2025 annual shareholders' meeting [1][59][87] - The board of supervisors has also approved the proposal for utilizing idle self-owned funds for entrusted wealth management [2][69] - The proposal for entrusted wealth management still needs to be submitted for review at the 2024 annual shareholders' meeting [3][19] Group 2 - The company emphasizes strict risk control in selecting wealth management products, acknowledging potential market, policy, liquidity, and force majeure risks [4] - The finance department will conduct thorough analysis and research on the entrusted wealth management products, adhering to internal control systems to mitigate investment risks [5][6] Group 3 - The investment will not affect the company's normal operations and aims to improve fund utilization efficiency, generating investment returns to enhance overall performance and shareholder value [7] - The company will report the purchased wealth management products as trading financial assets, with related income recognized in fair value changes and investment income [7] Group 4 - The company is actively promoting a "quality improvement, efficiency enhancement, and return to shareholders" initiative, aligning with national policies and market demands [10] - The company aims to strengthen its core business, enhance market share, and improve product competitiveness through various measures [10][11] - The company has a commitment to continuous cash dividends, with a proposed cash dividend of approximately 136 million yuan for 2024, subject to shareholder approval [12]

大烨智能（300670）公告，2025年第一季度营业收入7073.1万元，同比下降35.23%。净亏损1793.18万 元，去年同期净利润578.64万元。 ...

点击注册小程序 查看完整报告 特别申明： 本订阅号中所涉及的证券研究信息由光大证券研究所编写，仅面向光大证券专业投资者客户，用作新媒体形势下研究 信息和研究观点的沟通交流。非光大证券专业投资者客户，请勿订阅、接收或使用本订阅号中的任何信息。本订阅号 难以设置访问权限，若给您造成不便，敬请谅解。光大证券研究所不会因关注、收到或阅读本订阅号推送内容而视相 关人员为光大证券的客户。 今 日 聚 焦 【北方稀土（600111.SH）】Q4归母净利润为全年单季最高，2025年生产经营目标利润总额增长53.5%—— 2024年报点评 北方稀土公布2024年报，公司2024年实现营业收入329.66亿元，同比-1.58%；实现归母净利润10.04亿元， 同比-57.64%。2024年业绩下滑主要系稀土产品价格下跌，但公司主要品种销量均增长。推进绿色冶炼升 级改造项目，2025年主要生产经营目标再有提升。稀土价格位于底部区间，静待行业反转。 （王招华/马俊）2025-04-23 震裕科技24年营收71.29亿元，同比增长18.45%；归母净利润2.54亿元，同比增长493.77%；扣非归母 净利润2.31亿元，同比增长252 ...