美格智能技术股份有限公司 关于公司控股股东部分股份解除质押的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记 载、误导性陈述或重大遗漏。 美格智能技术股份有限公司（以下简称"公司"）近日接到控股股东及实际 控制人王平先生函告，获悉王平先生所持有公司的部分股份办理了解除质押手续， 具体事项如下： 一、股东股份本次解除质押的基本情况 | 股东名称 | 是否为控股股东 或第一大股东及 其一致行动人 | 本次解除质 押数量（股） | 占其所持股 份比例 | 占公司总股 本比例 | 质押起始日 | 质押解除日 | 质权人 | | --- | --- | --- | --- | --- | --- | --- | --- | | 王平 | 是 | 1,990,000 | 1.94% | 0.76% | 2024 年 9 月 | 2025 年 9 月 | 中信证券股份有 | | | | | | | 18 日 | 16 日 | 限公司 | | 王平 | 是 | 1,380,000 | 1.35% | 0.53% | 2024 年 11 | 2025 年 9 月 | 中信证券股份有 | | | | | ...

Core Viewpoint - The announcement from Meige Intelligent Technology Co., Ltd. indicates that the controlling shareholder and actual controller, Wang Ping, has released part of his pledged shares, which may signal a positive outlook for the company's stock liquidity and shareholder confidence [1] Group 1: Share Pledge Details - On September 16, Wang Ping released three pledges totaling 1.99 million shares (1.94% of his holdings, 0.76% of total shares), 1.38 million shares (1.35%, 0.53%), and 1 million shares (0.98%, 0.38%) [1] - The pledgees for these shares were CITIC Securities and Shanghai Pudong Development Bank Shenzhen Branch [1] - Following the release of these pledges, Wang Ping holds 102 million shares, representing 38.997% of the company [1] Group 2: Current Pledge Status - After the release, the total pledged shares amount to 26.1 million, which constitutes 25.48% of Wang Ping's holdings and 9.94% of the company's total shares [1] - The released shares are not subject to any selling restrictions or freezing conditions [1]

Group 1 - The company has confirmed that its wireless communication module products are being shipped in large quantities for several mainstream products of a leading PC brand [2] - The inquiry from investors highlights the interest in the company's involvement in AI-related products [2] Group 2 - The interaction took place on an investor communication platform, indicating active engagement between the company and its investors [2] - The date of the announcement was September 15, suggesting recent developments in the company's product offerings [2]

Core Viewpoint - Meige Intelligent has shown significant stock performance with a year-to-date increase of 75.86%, indicating strong market interest and potential growth in the wireless communication and IoT sectors [1][2]. Company Overview - Meige Intelligent Technology Co., Ltd. was established on April 5, 2007, and listed on June 22, 2017. The company is based in Shenzhen, China, and specializes in wireless communication modules and IoT solutions [2]. - The main business revenue composition is 97.46% from wireless communication modules and solutions, with 2.54% from other supplementary services [2]. - The company operates within the communication equipment sector, focusing on communication terminals and accessories, and is involved in various concept sectors including AI Agents, mobile payments, eSIM, vehicle networking, and satellite internet [2]. Financial Performance - For the first half of 2025, Meige Intelligent reported a revenue of 1.886 billion yuan, representing a year-on-year growth of 44.50%. The net profit attributable to shareholders was 84.17 million yuan, showing a substantial increase of 151.38% compared to the previous year [2]. - The company has distributed a total of 133 million yuan in dividends since its A-share listing, with 85.62 million yuan distributed over the last three years [3]. Shareholder Information - As of June 30, 2025, the number of shareholders decreased to 50,500, with an average of 3,587 circulating shares per person, which is an increase of 3.89% from the previous period [2]. - The top ten circulating shareholders include significant entities such as Hong Kong Central Clearing Limited and new entrants like Southern CSI 1000 ETF, indicating a shift in institutional holdings [3].

证券代码：002881 证券简称：美格智能 公告编号：2025－076 权益变动时间 2025 年 7 月 1 日—2025 年 9 月 8 日 股票简称 美格智能 股票代码 002881 变动类型 （可多选） 增加□ 减少 一致行动人 有☑ 无 是否为第一大股东或实际控制人 是 否 2．本次权益变动情况 股份种类（A 股、B 股等） 增持/减持股数（万股） 增持/减持比例（%） A 股 王平持股数量不变，持股比例由 39.120%被动稀释至 38.997% -0.123 上海兆格持股数量不变，持股比 例由 10.026%被动稀释至 9.995% -0.031 合 计 王平及上海兆格合计持股数量不 变，合计持股比例由 49.146%被动 稀释至 48.992% -0.154 本次权益变动方式（可多 选） 通过证券交易所的集中交易 □ 通过证券交易所的大宗交易 □ 其他 （被动稀释） 本次增持股份的资金来 源（可多选） 自有资金 □ 银行贷款 □ 其他金融机构借款 □ 股东投资款 □ 其他 □（请注明） 不涉及资金来源 3．本次变动前后，投资者及其一致行动人拥有上市公司权益的股份情况 股东名称 股份性质 本次变 ...

Investment Rating - The investment rating for the company is "Buy" and is maintained [4]. Core Views - The report highlights that the demand in downstream industries is improving, and advancements in AI hardware are progressing smoothly. DeepSeek has achieved significant cost reductions in model inference through algorithm and engineering innovations, which may lead to a shift in value distribution within the AI industry [2][6]. - The company, Meige Intelligent, is deepening its layout in smart connected vehicles and FWA solutions domestically while focusing on 5G-A modules and Redcap product lines in overseas markets, particularly targeting high-end markets in North America and Europe through customized strategies with operators [2][6]. Financial Performance - In the first half of 2025, the company achieved operating revenue of 1.886 billion yuan, a year-on-year increase of 44.50%, and a net profit attributable to the parent company of 84 million yuan, up 151.38% year-on-year [4][6]. - Domestic revenue reached 1.354 billion yuan, growing by 56.50% year-on-year, driven by demand for smart connected vehicles and AI hardware. Overseas revenue was 532 million yuan, a year-on-year increase of 20.93%, accounting for 28.22% of total revenue [6]. - The gross margin for the wireless communication module and solution business was 13.46%, down from 16.83% year-on-year, primarily due to the product mix and increased sales of lower-margin products [6]. Industry Outlook - The report indicates that the AI industry is expected to benefit from the increasing deployment of AI terminals and the transition from 4G to 5G, which will enhance the value of modules. The company is well-positioned to capitalize on these trends [2][6]. - The report forecasts that the company will achieve net profits of 188 million, 275 million, and 385 million yuan for the years 2025, 2026, and 2027, respectively, with year-on-year growth rates of 38%, 47%, and 40% [6].

证券代码：002881 证券简称：美格智能 公告编号：2025-075 美格智能技术股份有限公司 关于股份回购进展的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记 载、误导性陈述或重大遗漏。 美格智能技术股份有限公司（以下简称"公司"）于2024年11月1日召开了 第四届董事会第四次会议，于2024年11月14日召开了2024年第四次临时股东大会, 审议通过了《关于回购公司股份方案的议案》，同意公司使用自有资金或专项贷 款资金，以集中竞价交易方式回购公司部分A股社会公众股，用于注销并减少公 司注册资本。本次回购金额不低于人民币3,000万元（含），且不超过人民币6,000 万元（含），回购价格不超过35.15元/股（含），具体回购股份数量以回购期满 时实际回购的股份数量为准。回购股份的实施期限自公司股东大会审议通过回购 股份方案之日起不超过12个月。具体内容详见公司分别于2024年11月5日、2024 年 11 月 15 日 、 2024 年 11 月 20 日 刊 登 在 《 证 券 时 报 》 及 巨 潮 资 讯 网 （www.cninfo.com.cn）上的《关于回购公司股份 ...

Core Viewpoint - The company, Meige Intelligent (002881.SZ), has initiated a share buyback program, reflecting its commitment to enhancing shareholder value through capital management [1] Group 1: Share Buyback Details - The company implemented its first share buyback on December 27, 2024 [1] - As of August 31, 2025, the company has repurchased a total of 568,500 shares, which represents 0.22% of its total share capital [1] - The highest transaction price for the repurchased shares was 34.67 yuan per share, while the lowest was 29.01 yuan per share [1] - The total amount of funds used for the buyback, excluding transaction fees, was 17.9473 million yuan [1]

Financial Performance - The company reported a total revenue of 1.886 billion yuan for the first half of 2025, representing a year-on-year increase of 44.5% [1] - The net profit attributable to shareholders reached 84.17 million yuan, up 151.38% year-on-year [1] - In Q2 2025, total revenue was 889 million yuan, showing a year-on-year growth of 21.65%, while net profit for the quarter was 37.86 million yuan, an increase of 40.15% year-on-year [1] - The gross margin was 13.36%, down 19.44% year-on-year, while the net margin improved to 4.46%, up 77.46% year-on-year [1] - Total expenses (selling, administrative, and financial) amounted to 52.67 million yuan, accounting for 2.79% of revenue, a decrease of 49.53% year-on-year [1] Balance Sheet and Cash Flow - Accounts receivable increased significantly, with a year-on-year growth of 55.59%, reaching 981 million yuan [1] - The company’s interest-bearing debt rose by 106.44% to 509 million yuan [1] - Cash flow from operations per share was -0.32 yuan, a decrease of 66.83% year-on-year [1] Investment Insights - The company's return on invested capital (ROIC) was 8.03% last year, indicating average capital returns [3] - The historical median ROIC since the company went public is 12.76%, with the lowest recorded ROIC at 3.33% in 2020 [3] - Analysts expect the company's performance in 2025 to reach 206 million yuan, with an average earnings per share of 0.79 yuan [3] Fund Holdings - The largest fund holding the company’s shares is the Xin Yuan CSI 1000 Index Enhanced Fund, with 10,700 shares newly added to its top holdings [4] - Other funds that have recently increased their holdings include Minsheng Jia Yin and CITIC Jiantou [4]

Group 1: Recommended Stocks - Torch Electronics (603678.SH) shows confidence with an employee stock ownership plan despite a 20.04% decline in revenue to CNY 2.8 billion in 2024[9] - Jiejie Microelectronics (300623.SZ) reported a 35.05% increase in revenue to CNY 2.845 billion and a 115.87% rise in net profit to CNY 473 million in 2024[13] - Meige Intelligent (002881.SZ) leads in smart cockpit modules with a 35.1% market share, achieving 881,000 units shipped in 2024[19] - Kingsoft Office (688111.SH) achieved a revenue of CNY 26.57 billion in H1 2025, a 10.12% year-on-year increase[20] - Parker New Materials (605123.SH) aims for high-end markets with a focus on aerospace and energy sectors, despite a 46.37% drop in net profit in 2024[25] - Jinyinhai (300619.SZ) is a leader in lithium battery equipment, expecting revenues of CNY 18.95 billion in 2025[29] Group 2: Financial Metrics and Projections - Torch Electronics forecasts EPS of CNY 1.10, 1.40, and 1.74 for 2025-2027[12] - Jiejie Microelectronics anticipates EPS of CNY 0.78, 1.02, and 1.35 for 2025-2027[16] - Kingsoft Office projects net profits of CNY 17.68 billion, 21.50 billion, and 26.93 billion for 2025-2027, with a PE ratio of 84, 69, and 55 respectively[23] - Jinyinhai expects net profits of CNY 0.11 billion, 0.80 billion, and 2.60 billion for 2025-2027, with a PE ratio of 318.45X, 45.82X, and 14.01X[35]