证券代码：300870 证券简称：欧陆通 债券代码：123241 债券简称：欧通转债 深圳欧陆通电子股份有限公司 投资者关系活动记录表 编号：（2025-08） | | 特定对象调研 □分析师会议 | | --- | --- | | | □媒体采访 业绩说明会 | | 投资者关系活动 | 路演活动 | | 类别 | □新闻发布会 | | | □现场参观 | | | （电话会议、线上会议） 其他 | | | 中银基金、信达澳亚基金、东方证券、东海证券、东兴基金、 | | | 招商证券、中泰证券、中国银河证券、上海聚鸣投资、太平 | | | 养老保险、华鑫证券、东亚前海证券、国联民生证券、长江 | | | 证券、渤海证券、平安证券、浙商基金、上海证券、德邦证 | | | 券、东海基金、国信证券、国元证券、招商银行、民生加银 | | | 基金、深圳纽富斯投资、凯基证券、银华基金、金鹰基金、 | | | 光大保德信基金、华安证券、嘉实基金、华安基金、昆仑健 | | | 康保险、国投证券、方正证券、广发基金、西部利得基金、 | | 参与单位名称 | 申万菱信基金、中信证券、诺安基金、诺德基金、中金财富 | | ...

8月28日晚，欧陆通（300870）(300870.SZ)发布2025年半年度报告，上半年公司实现营业收入21.20亿 元，同比增长32.59%，归母净利润1.34亿元，同比增长54.86%，经营现金流量净额2.38亿元，同比增长 266.58%。其中第二季度营业收入12.32亿元，同比增长36.39%，环比增长38.71%，再创单季度营收新 高。 股东回报方面，公司同步公布了2025年半年度利润分配预案，拟向全体股东每10股派发现金红利4.34元 (含税)，共计分配现金4679.65万元。 业务板块协同增长，盈利水平稳步优化 欧陆通作为行业领军者，长期专注服务器电源领域，拥有超过十年的技术沉淀与经验积累。通过前瞻性 的战略布局，公司紧抓AI服务器带来的服务器市场新蓝海，推动数据中心电源业务实现规模化持续突 破。目前，公司已成为国内少数具备数据中心电源生产能力的制造企业之一，其高功率服务器电源产品 已达到国际高端水准。 在AI快速发展的大时代背景下，欧陆通坚持多年在服务器电源板块重点布局，现已全面覆盖网安、通 信及其他数据中心电源、通用型服务器电源、高功率服务器电源等产品，涵盖800W以下、800— 2000 ...

Core Viewpoint - The company is currently in a favorable position in the high-power server power supply sector, able to keep pace with cutting-edge customer technology and product demands [1] Group 1: Company Progress - The company’s products undergo a series of processes including platform research, project initiation, development, testing, validation, and mass production [1] - Due to confidentiality agreements, the company cannot disclose specific progress at each stage [1] Group 2: Product Development - The company is continuously expanding and improving its product structure in the power supply sector to meet diverse market demands [1]

Investment Rating - The report maintains a "Buy" rating for the company [4][6]. Core Insights - The company achieved a record high revenue of 3.798 billion yuan in 2024, representing a year-on-year growth of 32.32%, and a net profit of 268 million yuan, up 36.92% [1][4]. - In Q1 2025, the company reported revenue of 888 million yuan, a year-on-year increase of 27.65%, with a net profit of 50 million yuan, growing by 59.06% [1]. - The data center power business saw significant growth, with revenue reaching 1.459 billion yuan in 2024, up 79.95%, driven by high-power server power products [3][4]. Summary by Sections Financial Performance - The company reported a historical high in revenue for 2024, with Q4 revenue reaching 1.134 billion yuan, a year-on-year increase of 40.97% [2]. - The overall gross margin for 2024 was 21.36%, an increase of 1.64 percentage points from the previous year [2]. Business Segments - The high-power server power business contributed significantly to revenue, with 780 million yuan in revenue, a staggering growth of 536.88% year-on-year, accounting for 53.48% of the data center power business [3]. - The company has established strong relationships with major domestic server manufacturers and is benefiting from the trend of domestic AI server power [3]. Profit Forecast and Valuation - The profit forecasts for 2025 and 2026 have been revised upwards to 340 million yuan and 457 million yuan, respectively, reflecting a growth of 16% and 17% [4]. - The report projects a net profit of 578 million yuan for 2027 [4]. Key Financial Metrics - The company’s revenue is expected to grow from 2.870 billion yuan in 2023 to 4.609 billion yuan in 2025, with a compound annual growth rate of 21.38% [5]. - The projected earnings per share (EPS) for 2025 is 3.19 yuan, with a price-to-earnings (P/E) ratio of 32 [5][14].

近日，欧陆通（300870）(300870.SZ)发布了2024年报及2025年一季报，2024年公司实现营收37.98亿 元，同比增长32.32%，营业收入规模突破历史新高，归母净利润2.68亿元，同比增长36.92%，扣非后归 母净利润2.56亿元，同比增长272.97%。股东回报方面，公司拟向全体股东每10股派发现金红利5.93元 (含税)，共计分配现金6211.76万元，2024年半年度公司已派发现金红利3056.02万元，全年合计拟分配 现金红利9267.78万元。 2024年，人工智能技术发展迅速，数据中心算力需求呈现爆发增长，其中AIGC技术的开发和应用为代 表的智能算力需求异军突起，使得高性能计算服务器需求迅猛增长，同时对服务器电源在内的电源基础 设施提出更高的要求，推动电源产品进一步向高功率、高效率、高密度的方向迭代。 欧陆通深耕数据中心电源业务已有超过10年时间，凭借前瞻性的布局和优秀的研发实力，已拥有多项自 主研发专利技术和专有技术。公司现已成为主要的境内数据中心电源生产制造企业之一，其中高功率服 务器电源产品已比肩国际高端水平，是市场上少数能够实现高功率服务器电源规模销售的电源供应商。 ...

Group 1 - The article discusses significant percentage changes in various financial metrics, indicating a potential shift in company performance [1] - There is a mention of a specific percentage increase of 32.32% and a decrease of 22.68%, suggesting fluctuations in revenue or profit margins [1] - The document references a substantial increase of 272.97%, which may indicate a remarkable growth in a particular segment or overall performance [1] Group 2 - The text includes various financial ratios such as 3.31, 4.58, and 5.49, which could relate to profitability or efficiency metrics [1] - There are references to specific operational areas like "OFFICE" and "LIFE," hinting at different business segments or product lines [1] - The document suggests a focus on personal services or products, as indicated by terms like "FIND FOR FIFT" and "FREE," which may imply a strategy aimed at consumer engagement [1]