苏州春秋电子科技股份有限公司 独立董事候选人声明 本人钱军辉,已充分了解并同意由提名人苏州春秋电子科技股份 有限公司董事会提名为苏州春秋电子科技股份有限公司(以下简称 "该公司")第四届董事会独立董事候选人。本人公开声明,本人具 备独立董事任职资格,保证不存在任何影响本人担任该公司独立董事 独立性的关系,具体声明如下: 一、本人具备上市公司运作的基本知识,熟悉相关法律、行政法 规、部门规章及其他规范性文件,具有 5 年以上法律、经济、财务、 管理或者其他履行独立董事职责所必需的工作经验。 二、本人任职资格符合下列法律法规和部门规章的要求: (一)《中华人民共和国公司法》关于董事任职资格的规定; (二)中国证监会《上市公司独立董事管理办法》、上海证券交 易所自律监管规则以及公司章程有关独立董事任职资格和条件的相 关规定; (五)在与上市公司及其控股股东、实际控制人或者其各自的附 属企业有重大业务往来的人员或者在有重大业务往来的单位及其控 股股东、实际控制人单位任职的人员: (六)为上市公司及其控股股东、实际控制人或者其各自附属企 业提供财务、法律、咨询、保荐等服务的人员,包括但不限于提供服 务的中介机构的项目组 ...

Investment Rating - Buy | First Coverage [2] Core Views - PC business continues to grow rapidly, with AI PC-related products expected to accelerate market penetration in 2024, potentially marking the "Year of AI PC" [5] - The company has established long-term stable partnerships with leading laptop brands such as Lenovo, Samsung Electronics, HP, Dell, and LG, as well as major OEMs like Wistron, Quanta, and Huaqin [5] - The company is a major supplier of precision structural components for laptops to brands like Lenovo and Samsung Electronics, and actively participates in the R&D of new products to strengthen customer relationships [5] - Magnesium alloy for electric vehicles opens a second growth curve, leveraging the company's expertise in semi-solid injection molding technology to enter the new energy vehicle supply chain through applications like in-car screens [5] - The company is expected to achieve net profits attributable to the parent company of 150 million, 250 million, and 350 million yuan in 2024, 2025, and 2026, respectively [5] Financial Projections - Revenue is projected to grow from 3,257 million yuan in 2023 to 6,000 million yuan in 2026, with growth rates of 23.11%, 25.06%, and 19.64% in 2024, 2025, and 2026, respectively [5] - EBITDA is expected to increase from 385.56 million yuan in 2023 to 874.37 million yuan in 2026 [5] - Net profit attributable to the parent company is forecasted to grow from 26.75 million yuan in 2023 to 349.99 million yuan in 2026, with significant growth rates of 456.50%, 69.18%, and 38.98% in 2024, 2025, and 2026, respectively [5] - EPS is projected to rise from 0.06 yuan in 2023 to 0.80 yuan in 2026 [5] - P/E ratio is expected to decrease from 183.68 in 2023 to 14.04 in 2026, indicating improving valuation metrics [5] Company Overview - Latest closing price: 11.19 yuan [4] - Total market capitalization: 4.9 billion yuan [4] - 52-week high/low: 13.05 yuan / 6.07 yuan [4] - Debt-to-asset ratio: 50.5% [4] - P/E ratio: 186.50 [4] - Largest shareholder: Xue Gewen [4]

| 证券代码：603890 | 证券简称：春秋电子 | 公告编号：2024-050 | | --- | --- | --- | | 债券代码：113577 | 债券简称：春秋转债 | | | 债券代码：113667 | 债券简称：春23转债 | | 苏州春秋电子科技股份有限公司 关于股东减持股份计划公告 本公司董事会、全体董事及相关股东保证本公告内容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法律责任。 重要内容提示： 股东持股的基本情况 截至本公告披露之日，薛赛琴持有苏州春秋电子科技股份有限公司（以下简 称"公司"）股份 20,854,400 股，占公司总股本的比例为 4.75%。上述股份来源 于首次公开发行前持有的股份及上市后以资本公积转增股本方式取得的股份。 减持计划的主要内容 公司股东薛赛琴计划在公告之日起 3 个交易日后的 3 个月内（即 2024 年 11 月 11 日至 2025 年 2 月 7 日）通过集中竞价、大宗交易方式合计减持公司股份不 超过 5,000,000 股（即不超过公司总股本的 1.14%）。其中，通过集中竞价交易 方式减持的股份不超过 ...

Investment Rating - The report maintains a "Buy" investment rating for the company [1][3]. Core Insights - The company has shown stable revenue growth, driven by the increasing penetration of AIPC and the recovery of the notebook market, which has led to a significant rise in demand for structural components [1][3]. - The lightweight magnesium alloy applications in the new energy vehicle sector are emerging as a second growth driver for the company, with a notable increase in sales of new energy passenger vehicles in China [1][2]. - The company has established strong relationships with major clients such as Lenovo, Samsung, HP, and LG, which supports its revenue stability [1][2]. Summary by Sections Financial Performance - For the first three quarters of 2024, the company achieved revenue of 2.982 billion yuan, a year-on-year increase of 27.73%, and a net profit attributable to shareholders of 141 million yuan, up 1268.19% [1]. - The third quarter alone saw revenue of 1.105 billion yuan, reflecting a year-on-year growth of 20.40% [1]. Revenue and Profit Forecast - The forecasted revenues for 2024, 2025, and 2026 are 3.992 billion yuan, 5.137 billion yuan, and 6.082 billion yuan, respectively, with corresponding EPS of 0.34 yuan, 0.59 yuan, and 0.79 yuan [3][5]. - The company is expected to benefit from the recovery in the PC market, the penetration of AIPC, and the lightweight upgrade in the automotive sector, leading to sustained revenue and profit growth [3]. Market Position and Strategy - The company employs a "one body, two wings" strategy, leveraging the recovery trend in the notebook market and the increasing demand for AIPC to enhance its production capacity and order delivery in the new energy vehicle sector [1][2]. - The company has a comprehensive product line for structural components, including various parts for notebooks, and possesses advanced manufacturing capabilities [1][2].

Financial Performance - The company's operating revenue for Q3 2024 reached ¥1,105,383,766.21, representing a year-on-year increase of 20.40%[4] - Net profit attributable to shareholders was ¥114,151,158.23, a significant increase of 346.19% compared to the same period last year[4] - Basic and diluted earnings per share were both ¥0.26, reflecting a substantial increase of 347.52% compared to the previous year[4] - Operating profit for the first three quarters of 2024 was ¥140,738,251.72, significantly higher than ¥25,192,641.15 in the previous year, marking a growth of 458.4%[16] - Net profit for the first three quarters of 2024 was ¥108,867,467.40, compared to a net profit of ¥-9,366,572.68 in the same period of 2023, indicating a turnaround[16] - The net profit attributable to the parent company's shareholders for the current period is ¥140,933,254.77, compared to ¥10,300,706.51 in the previous period, indicating a significant increase[17] - The total comprehensive income attributable to the parent company's owners is ¥141,096,332.85, up from ¥8,960,605.22 in the same period last year[17] Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥5,982,262,919.50, an increase of 4.05% from the end of the previous year[4] - Total assets as of the end of Q3 2024 amounted to ¥5,982,262,919.50, an increase from ¥5,749,329,385.58 at the end of Q3 2023[15] - Total liabilities increased to ¥3,149,883,338.92 in Q3 2024 from ¥2,903,400,517.47 in Q3 2023, reflecting a rise of 8.5%[15] - Current liabilities totaled ¥2,278,103,148.10, up from ¥2,080,384,495.69 in the previous year, representing an increase of 9.5%[15] - Non-current liabilities reached ¥871,780,190.82, compared to ¥823,016,021.78 in the same period last year, showing a growth of 5.9%[15] - The company's equity attributable to shareholders was ¥2,832,633,494.89, up by 5.24% from the previous year-end[4] - The company's equity attributable to shareholders increased to ¥2,832,633,494.89 from ¥2,691,500,960.01, reflecting a growth of 5.2%[15] Cash Flow - The total cash flow from operating activities for the year-to-date is CNY -41.90 million, primarily due to reduced cash receipts and increased employee compensation payments[9] - Cash flow from operating activities for the first three quarters of 2024 is ¥209,264,887.75, down from ¥360,176,376.79 in the same period of 2023[19] - Cash inflow from investment activities is ¥1,025,937,592.32, compared to ¥454,274,638.90 in the previous year, showing a significant increase[20] - The net cash flow from investment activities is -¥73,253,360.10, an improvement from -¥399,939,090.17 in the same period last year[20] - Cash and cash equivalents at the end of the period amount to ¥918,543,058.61, compared to ¥750,898,819.41 at the end of the previous year[20] Expenses and Investments - Research and development expenses increased by 39.36%, indicating a commitment to enhancing innovation[8] - Total operating costs for the first three quarters of 2024 were ¥2,913,879,218.87, up from ¥2,325,286,804.65 in 2023, reflecting a rise of 25.2%[16] - The investment income for the current reporting period is CNY 1,122.29 million, primarily due to the disposal of subsidiaries[9] - The cash flow from investing activities is CNY 81.68 million, influenced by subsidiary disposals[9] - The company paid cash for employee compensation totaling ¥659,302,033.59, an increase from ¥525,105,177.62 in the previous year[19] Other Financial Metrics - The net profit after deducting non-recurring gains and losses was ¥20,642,850.43, showing a decrease of 19.53% year-on-year[4] - The weighted average return on net assets was 4.11%, showing an increase from 3.16% in the previous year[4] - The company reported a significant increase in other income to ¥30,297,547.57 in 2024 from ¥18,253,541.83 in 2023, indicating a growth of 65.9%[16] - Non-recurring gains and losses for the period included a profit from the disposal of non-current assets amounting to ¥82,628,504.11[5] - The company reported a foreign currency translation difference of ¥163,078.08, compared to -¥1,340,101.29 in the previous period[17] - The accounts receivable increased to CNY 1,281.64 million from CNY 1,044.73 million at the end of 2023, indicating a rise in credit sales[13] - The inventory as of September 30, 2024, is CNY 1,048.12 million, up from CNY 983.56 million at the end of 2023, reflecting increased stock levels[13]

苏州春秋电子科技股份有限公司 第三届董事会第三十次会议决议公告 | 证券代码：603890 证券简称：春秋电子 | 公告编号：2024-047 | | --- | --- | | 债券代码：113577 债券简称：春秋转债 | | | 债券代码：113667 债券简称：春23转债 | | 本公司董事会及全体董事保证本公告内容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法律责任。 一、董事会会议召开情况 苏州春秋电子科技股份有限公司（以下简称"公司"）于 2024 年 10 月 24 日举行了公司第三届董事会第三十次会议（以下简称"会议"）。会议通知已于 2024 年 10 月 17 日以书面方式向全体董事发出。本次会议采用现场结合通讯方 式在公司会议室召开。会议由公司董事长薛革文先生召集和主持，应到董事 7 人，实到 7 人。本次会议的召集、召开以及参与表决董事人数符合《中华人民共 和国公司法》和《公司章程》的规定。 二、董事会会议审议情况 本次会议以记名投票表决方式审议了如下议案： 1、审议通过了《关于〈公司 2024 年第三季度报告〉的议案》。 表决结果：同意 7 ...

| 证券代码：603890 | 证券简称：春秋电子 | 公告编号：2024-048 | | --- | --- | --- | | 债券代码：113577 | 债券简称：春秋转债 | | | 债券代码：113667 | 债券简称：春23转债 | | 苏州春秋电子科技股份有限公司 第三届监事会第十九次会议决议公告 本公司监事会及全体监事保证本公告内容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法律责任。 一、监事会会议召开情况 苏州春秋电子科技股份有限公司（以下简称"公司"）于 2024 年 10 月 24 日召开了第三届监事会第十九次会议，会议通知已于 2024 年 10 月 17 日以书面 方式向全体监事发出。本次会议采用现场会议的方式在公司会议室召开，会议由 公司监事会主席杨超女士召集和主持，应到监事 3 人，实到 3 人。本次会议的召 集、召开以及参与表决监事人数符合《中华人民共和国公司法》及《公司章程》 的有关规定。 二、监事会会议审议情况 1、审议通过了《关于〈公司 2024 年第三季度报告〉的议案》 表决结果：3 票同意、0 票反对、0 票弃权。 公司监事会 ...

苏州春秋电子科技股份有限公司 舆情管理制度 二零二四年十月 | 第一章 | 总 则 2 | | --- | --- | | 第二章 | 舆情管理的组织体系及其工作职责 2 | | 第三章 | 各类舆情信息的处理原则及措施 3 | | 第四章 | 责任追究 4 | | 第五章 | 附 则 5 | 第四条 公司成立应对舆情管理工作领导小组（以下简称"舆情工作组"）, 由公司董事长任组长，董事会秘书担任副组长，成员由公司其他高级管理人员及 相关职能部门负责人组成。 苏州春秋电子科技股份有限公司 舆情管理制度 第一章 总 则 第一条 为提高苏州春秋电子科技股份有限公司（以下简称"公司"）应对 各类舆情的能力，建立快速反应和应急处置机制，及时、妥善处理各类舆情对公 司股价、公司商业信誉及正常生产经营活动造成的影响，切实保护投资者合法权 益，根据《上海证券交易所股票上市规则》等相关法律法规的规定和《公司章程》， 制定本制度。 第二条 本制度所称舆情包括： 1.报刊、电视、网络等媒体对公司进行的负面报道； 2.社会上存在的已经或将给公司造成不良影响的传言或信息； 3.可能或者已经影响社会公众投资者投资取向，造成股价异常波动 ...

关于使用闲置自有资金购买理财产品的公告 （一）委托理财目的 为提高公司资金使用效率，在不影响公司正常生产经营活动所需资金和保证 资金安全的前提下，公司计划合理利用部分闲置自有资金购买理财产品，以增加 资金收益，为公司及股东获取更多的投资回报。 （二）委托理财额度及期限 委托理财种类：流动性好、安全性高的理财产品。 委托理财金额：不超过人民币45,000万元（含），在额度范围内资金可 循环滚动使用。 已履行的审议程序：苏州春秋电子科技股份有限公司（以下简称"公司"） 于2024年10月24日召开了第三届董事会第三十次会议、第三届监事会第 十九次会议，分别审议通过了《关于使用闲置自有资金购买理财产品的 议案》。公司计划使用不超过人民币45,000万元（含）的部分闲置自有 资金购买流动性好、安全性高的理财产品，使用期限自公司董事会审议 批准之日起不超过12个月。在上述额度和期限内，资金可循环滚动使用。 风险提示：公司购买的理财产品属于风险可控的产品，但金融市场受宏 观经济的影响较大,存在理财投资受到市场风险、政策风险、流动性风险、 不可抗力风险等风险因素影响的情形。敬请广大投资者注意投资风险。 公司拟使用额度不超过 ...

| 证券代码：603890 | 证券简称：春秋电子 | 公告编号：2024-046 | | --- | --- | --- | | 债券代码：113577 | 债券简称：春秋转债 | | | 债券代码：113667 | 债券简称：春23转债 | | 苏州春秋电子科技股份有限公司 年 0.50%、第二年 0.70%、第三年 1.00%、第四年 1.50%、第五年 2.50%、第六年 3.00%。 经上海证券交易所自律监管决定书[2020]122 号文同意，公司 24,000 万元 可转换公司债券于 2020 年 5 月 13 日起在上海证券交易所挂牌交易，债券简称"春 秋转债"，债券代码"113577"。 根据有关规定和公司《公开发行可转换公司债券募集说明书》(以下简称"《募 集说明书》")的约定，公司该次发行的"春秋转债"自 2020 年 10 月 20 日起可 转换为本公司股份，转股期间为 2020 年 10 月 20 日至 2026 年 4 月 13 日，初始 转股价格为 15.69 元/股。 公司于 2020 年 5 月 12 日召开 2019 年年度股东大会，审议通过了《关于 2019 年度利润分配及 ...