投资者关系活动记录表 | | 公司既有从泰国当地采购部分原材料，也有一部分材料需 | | --- | --- | | | 从中国进口。 | | | 6、近期控股股东进行询价转让是出于什么考虑？ | | | 答：主要是想要为公司引入有实力的机构投资者，增加 | | | 公司股份的市场流动性，为公司的长远发展注入新的活 | | | 力。 | | 关于本次活动是否涉及 | | | 应 | 本次活动不涉及未公开披露的重大信息。 | | 披露重大信息的说明 | | | 附件清单（如有） | 无 | | 日期 | 2025年07月10日 | 编号：2025-005 证券代码：300916 证券简称：朗特智能 | 投资者关系活动类别 | 特定对象调研□分析师会议□媒体采访 | | --- | --- | | | □业绩说明会□新闻发布会□路演活动 | | | □现场参观□其他 | | | 民生证券股份有限公司-周晓萌天风证券-敖颖晨 上海证券-仇百良格隆汇-庞明明 | | | 易知投资-宋辰超东兴证券-李文祺 | | | 宁波银行投资银行部-刘博仁招商通信-王懿聪 | | | 柳州产业引导基金-朱子毅中信建投-汪洁 | ...

Group 1: Investor Relations Activities - The company held an earnings presentation on May 14, 2025, via an online platform, with key personnel including the Chairman and CFO present [3] - The presentation included a video interpretation of the annual report and addressed common investor concerns [3] Group 2: Financial Performance and Dividends - The company has distributed a total of CNY 141 million in cash dividends since 2017, with a recent three-year total of CNY 98.24 million, representing 130.10% of the average annual net profit attributable to shareholders [4] - The proposed dividend for 2024 is CNY 2.00 per 10 shares, totaling approximately CNY 13.17 million [4] - The company plans to invest CNY 90 million in establishing a subsidiary in Thailand, indicating a focus on market expansion [4] Group 3: Market Position and Valuation - The company reported a net profit of CNY 106.5 million for 2024, with a market capitalization of CNY 2.208 billion, which is significantly lower than peers [5] - Market fluctuations are influenced by international politics and macroeconomic factors, with the company emphasizing long-term performance and consistent dividends [5] Group 4: Research and Development - R&D investment for 2024 is CNY 23.67 million, a year-on-year increase of 19.49%, with a total of 94 patents held [7] - The company aims to enhance its competitive edge through innovation and product development [7] Group 5: Product Performance - Sales revenue from automotive electronic products reached CNY 72.33 million in 2024, a growth of 107.15%, accounting for 9.62% of total revenue with a gross margin of 41.24% [8] - The company manages approximately 400 SKUs in automotive electronics and plans to continue resource investment in this area [8] Group 6: Future Plans and Expansion - The Thai factory is expected to reach operational status in Q2 2025, with a designed capacity of 300,000 to 500,000 units per year, translating to an estimated revenue of CNY 100 million to CNY 150 million [13] - The company is exploring potential acquisitions to enhance strategic positioning and market presence [6] Group 7: Brand Development - The company operates under two proprietary brands, "TuoMan" and "ChaoQuan," with sales of approximately CNY 4 million in 2024, indicating early-stage brand development [15]

Investment Rating - The investment rating for the company is "Accumulate" (maintained) [5] Core Views - The company achieved a revenue of 752 million yuan in 2024, representing a year-on-year growth of 34.71%, and a net profit of 106.5 million yuan, up 52.91% year-on-year [5] - The automotive electronics business saw a significant revenue increase of 107% year-on-year, driven by the company's focus on self-production and product innovation [5] - The establishment of a factory in Thailand is expected to alleviate the impact of tariffs on U.S. operations and enhance the company's global competitiveness [5][8] Summary by Sections Market Performance - Closing price: 32.10 yuan - Total market capitalization: 2,113.41 million yuan - Circulating market capitalization: 1,175.48 million yuan - Total shares: 65.84 million - Debt-to-asset ratio: 28.81% [3] Financial Performance - Revenue forecast for 2024: 752 million yuan, with a growth rate of 34.71% - Net profit forecast for 2024: 107 million yuan, with a growth rate of 52.91% - Earnings per share (EPS) forecast for 2024: 1.62 yuan [7][8] Business Strategy - The company is actively promoting the self-production of automotive electronics, with a focus on technology and talent development [5] - The marketing strategy combines domestic and international efforts, with e-commerce clients accounting for 38.43% of procurement in 2024 [5] - The company plans to continue expanding its product ecosystem into various sectors, including marine and robotics [5][6]