本报讯 （记者张敏）4月28日晚上，深圳市信维通信股份有限公司（以下简称"信维通信"）发布2024年 年度报告。公告显示，2024年全年，公司实现营业收入87.44亿元，较上年同期增长15.85%；实现归属 于上市公司股东的净利润6.62亿元，较上年同期增长26.89%；实现归属于上市公司股东的扣除非经常性 损益的净利润5.38亿元，较上年同期增长22.31%，公司全年经营业绩实现较快提升。 作为全球领先的射频元器件企业，信维通信构建了以泛射频技术为核心的全球研发网络，设立中央研究 院及全球11个研发中心，并与国内外顶尖科研机构合作，形成了覆盖"材料—零件—模组"的一站式技术 能力。 信维通信在2024年凭借优越的科研创新能力，取得一系列创新成就。公告显示，2024年，公司研发投入 约7.08亿元，占公司2024年营业收入的8.10%。截至2024年底，公司共申请专利4782件；2024年新增申 请专利814件，其中5G天线专利267件，LCP专利11件，UWB专利23件，WPC专利32件，BTB连接器专 利18件，MLCC专利41件、声学结构专利271件。 报告期内，公司继续围绕5G-A/6G的技术目标，积 ...

Core Viewpoint - The company reported its Q1 2025 financial results, showing a revenue increase but a decline in net profit due to increased R&D investments. Financial Performance - In Q1 2025, the company achieved revenue of 1.274 billion yuan, a year-on-year increase of 20.41% [1] - The net profit attributable to shareholders was 65 million yuan, a year-on-year decrease of 11.44% [1] - The net profit excluding non-recurring items was 66 million yuan, a year-on-year decrease of 8.97% [1] - The gross margin for Q1 2025 was 17.49%, an increase of 0.70 percentage points year-on-year [3] Expense Management - The company's expense ratio for Q1 2025 was 11.60%, an increase of 1.40 percentage points year-on-year [4] - Breakdown of expense ratios: sales (1.96%), management (5.50%), R&D (4.95%), and financial expenses (-0.81%) with respective year-on-year changes of 0.14, -1.27, +0.42, and +2.12 percentage points [4] R&D and Market Expansion - The company is enhancing its R&D capabilities, solving key material challenges and achieving breakthroughs in high-end product technologies [5] - Significant advancements include the development of high-temperature, high-voltage ceramic powder for MLCCs and the domestic replacement of precious metal electrode paste [5] - The company is targeting emerging markets, with projected revenue growth in automotive electronics (+66%), communications (+24%), and industrial control (+16%) for 2024 [5] Investment Outlook - The company maintains its profit forecasts for 2025-2027, expecting revenues of 5.734 billion, 6.523 billion, and 7.295 billion yuan, representing year-on-year growth of 16.1%, 13.8%, and 11.8% respectively [6] - Projected net profits for the same period are 505 million, 711 million, and 920 million yuan, with year-on-year growth of 49.7%, 40.7%, and 29.4% respectively [6] - The expected EPS for 2025-2027 is 0.44, 0.61, and 0.79 yuan, with a current stock price of 13.48 yuan corresponding to PE ratios of 30.88x, 21.95x, and 16.96x [6]