在新能源汽车市场蓬勃发展的大背景下，恒勃股份积极投身布局，不断开拓汽车热管理系统相关产品。 公司开发的冷却水壶、膨胀箱、水侧分流板和冷却液流体模块等产品，已经在市场上取得了良好的反 响。公司在新能源汽车热管理系统方面取得突破，助力知名新能源汽车品牌解决电池热管理难题，显著 提升了车辆续航能力和安全性，获得了市场高度认可。 公司还将热管理管路应用拓展到数据中心冷却系统、充电桩热管理系统等领域，进一步拓宽了业务范围 和收入来源。这种跨领域的业务拓展，不仅体现了公司强大的技术研发实力和创新能力，也为公司未来 的持续增长奠定了坚实的基础。通过在新能源汽车及相关新兴领域的提前布局和深入耕耘，恒勃股份有 望在这一快速增长的市场中占据有利地位，分享行业发展带来的红利。 研发投入助力技术创新，增强核心竞争力 4月21日晚间，恒勃股份（301225）正式披露2024年年报，这份年度答卷不仅展现了公司在复杂行业环 境下的经营成果与发展脉络，更凸显出其在行业变革中强劲的投资价值，诸多亮点吸引着市场与投资者 的目光。 营收利润双增长，盈利能力持续提升 从数据来看，公司的营收和利润均呈现出稳健增长的态势。年报显示，恒勃股份2024年全 ...

恒勃股份（301225）4月22日发布2024年年报。报告期内，公司实现营业收入8.65亿元，同比增长 10.15%；实现净利润1.31亿元，同比增长14.23%；基本每股收益1.29元/股，同比增长1.57%。 恒勃股份的核心业务涵盖内燃机及混合动力汽车进气系统、燃油蒸发系统、新能源汽车热管理系统、氢 燃料电池阴极过滤系统的研发与生产。其中，传统的进气系统业务作为公司的根基，在市场拓展和产品 优化的推动下，持续贡献稳定的收入。 随着新能源汽车市场的渗透率不断提高，恒勃股份在新能源汽车热管理系统等相关业务方面取得了显著 进展，成为新的业绩增长点。其中，冷却水壶、膨胀箱产品已实现成熟量产，主要客户包括广汽集团和 吉利集团等；持续开发的产品包括水侧分流板和冷却液流体模块，对应的客户为浙江三花汽车零部件有 限公司，目前已取得13个项目定点开发资格，其中7项已实现量产交付。此外，公司还将热管理管路应 用拓展到数据中心冷却系统、充电桩热管理系统等领域，进一步拓宽了业务范围和收入来源。 2024年，恒勃股份研发费用达5259万元，同比增长15.05%，占营业收入比例为6.08%。最近三年，恒勃 股份的研发投入逐年增加，研 ...

Core Viewpoint - Hengbo Co., Ltd. reported a steady growth in revenue and profit for the year 2024, indicating a positive outlook for the company in the automotive and new energy sectors [1][2]. Financial Performance - The company achieved an operating income of 865 million yuan, a year-on-year increase of 10.15% - The net profit attributable to shareholders was 131 million yuan, reflecting a growth of 14.23% - Basic earnings per share stood at 1.29 yuan per share [1]. Business Segments - Hengbo Co., Ltd. specializes in the research, production, and sales of ICE & HEV intake systems, fuel evaporation systems, new energy vehicle thermal management systems, and hydrogen fuel cell cathode filtration systems [1]. - The traditional intake system business remains a stable revenue contributor, while the new energy vehicle thermal management systems have emerged as a significant growth driver [1][2]. Product Development and Innovation - The company has made notable advancements in thermal management systems for new energy vehicles, enhancing battery thermal management and improving vehicle range and safety [1]. - Hengbo has expanded its thermal management applications to data center cooling systems and charging station thermal management systems, showcasing its strong R&D capabilities and innovation [2]. R&D Investment - In 2024, the company allocated 52.59 million yuan for R&D, marking a 15.05% increase from the previous year [2]. - Hengbo has invested heavily in developing technologies across various sectors, filling domestic technological gaps and establishing a presence in the international supply chain [2]. Client Relationships - The company has strengthened its customer base by deepening partnerships with renowned international brands such as Honda, Yamaha, and Suzuki, as well as major domestic automakers like GAC Group, Geely Group, and Chery Group [2]. - Hengbo has successfully broken foreign monopolies in competitive bidding for high-performance intake systems [2]. Dividend Distribution - Hengbo Co., Ltd. plans to distribute a cash dividend of 4.20 yuan per 10 shares, totaling 42.63 million yuan [3]. - The total expected cash dividends and share buybacks for 2024 amount to 96.13 million yuan, representing 73.36% of the net profit attributable to shareholders [3].