（草案）摘要 二○二五年七月 深圳市智动力精密技术股份有限公司 2025 年限制性股票激励计划（草案）摘要 声明 证券代码：300686 证券简称：智动力 公告编号：2025-051 深圳市智动力精密技术股份有限公司 本公司及全体董事、监事保证本激励计划不存在任何虚假记载、误导性陈述或 者重大遗漏，并对其内容的真实性、准确性和完整性承担个别和连带的法律责任。 本公司所有激励对象承诺：若本公司因信息披露文件中有虚假记载、误导性陈 述或者重大遗漏，导致不符合授予权益或权益归属/解除限售安排的，激励对象应 当自相关信息披露文件被确认存在虚假记载、误导性陈述或者重大遗漏后，将由本 激励计划所获得的全部利益返还本公司。 深圳市智动力精密技术股份有限公司 2025 年限制性股票激励计划（草案）摘要 特别提示 激励对象根据本激励计划获授的限制性股票在解除限售/归属前均不得转让、 用于担保或偿还债务等。 符合本激励计划授予条件的激励对象所获授的第一类限制性股票，经中国证 券登记结算有限公司深圳分公司登记过户后便享有其股票应有的权利，包括但不 限于该等股票的分红权、配股权、投票权等。 一、《深圳市智动力精密技术股份有限公司 2 ...

净利率降至个位数。 | 作者 | | 塔山 | | --- | --- | --- | | 编辑 | | 小白 | 深耕消费电子领域，客户集中度较高 达瑞电子（300976.SZ，下称公司）成立于2003年，于2021年上市。 公司长期深耕消费电子领域，主要产品为功能性器件、结构性器件，后续还拓展了3C自动化设备。 功能性器件产品主要应用于智能手机、笔记本电脑、平板电脑等终端产品。 （来源：公司公告） 消费电子结构性器件产品主要应用于头戴式耳机、VR眼镜等可穿戴电子产品领域。 （来源：公司公告） 基于长期积累，公司客户资源较为丰富，直接客户包括三星视界、鹏鼎控股、安费诺、歌尔股份、立 讯精密等消费电子零组件生产商，产品最终应用于苹果、华为、OPPO、Jabra、Sony、Facebook等终 端品牌。 此外，公司还通过了亚马逊、特斯拉、谷歌、苹果、OPPO等终端客户的合格供应商认证。 （来源：2024年报） 为了顺应消费电子材料轻量化趋势，2025年5月，公司与东莞市维斯德新材料技术有限公司（维斯 德）及其股东麦德坤签署《投资意向书》，拟以收购股权和增资方式取得标的公司80%股权。目前该 收购事项还在推进中。 ...

Core Viewpoint - The company reported significant revenue and profit growth in 2024, driven by its core businesses in consumer electronics and new energy sectors, indicating a strong upward trend in profitability and market demand [1][2]. Financial Performance - In 2024, the company achieved revenue of 2.566 billion yuan, a year-on-year increase of 83.55%, and a net profit attributable to shareholders of 242 million yuan, up 229.47% [1]. - For Q4 2024, the company reported revenue of 794 million yuan, a growth of 67.93%, and a net profit of 60 million yuan, increasing by 132.81% [1]. - In Q1 2025, the company generated revenue of 659 million yuan, reflecting a year-on-year growth of 45.41%, with a net profit of 57 million yuan, up 84.35% [1]. Business Segments - The consumer electronics functional components business generated revenue of 819.404 million yuan, a year-on-year increase of 78.76%, while the structural components business achieved revenue of 697.2125 million yuan, growing by 86.66% [2]. - The 3C smart assembly automation equipment business saw revenue of 149.8838 million yuan, marking a substantial growth of 186.37% [2]. - In the new energy sector, the company’s revenue from structural and functional components reached 877.5947 million yuan, up 76.16% year-on-year [2]. Cost Management - The company successfully reduced its expense ratios, with sales expenses of 82 million yuan and a sales expense ratio of 3.20%, down 2.28 percentage points year-on-year [2]. - Management expenses totaled 1.37 billion yuan, with a management expense ratio of 5.33%, decreasing by 5.54 percentage points [2]. - R&D expenses were 109 million yuan, with a ratio of 4.25%, down 1.73 percentage points [2]. Strategic Positioning - The company has established itself as a key supplier of functional and structural components and automation equipment in the consumer electronics sector, maintaining strong relationships with major clients such as Samsung, Apple, and others [3]. - Since 2022, the company has expanded into the new energy sector, entering the supply chains of leading companies like CATL and BYD, thereby enhancing its competitive advantage [3]. Profit Forecast - The company is projected to achieve revenues of 3.599 billion yuan, 4.653 billion yuan, and 5.573 billion yuan for the years 2025 to 2027, with net profits of 322 million yuan, 414 million yuan, and 504 million yuan respectively, indicating a positive growth outlook [4].