Investment Rating - The report upgrades the company's rating to "Buy" due to the strong performance of its subsidiary SKELE and the enhanced certainty of its 2024 Q1 earnings [4] Core Views - The company's 2023 revenue reached 9.75 billion yuan, a year-on-year increase of 8.09%, with net profit attributable to the parent company of 554 million yuan, up 13.62% year-on-year [4] - In 2024 Q1, the company achieved revenue of 1.866 billion yuan, a year-on-year increase of 7.37%, and net profit attributable to the parent company of 159 million yuan, a year-on-year increase of 53.87% [4] - The lithium battery equipment business saw a decline in revenue by 25.01% to 6.408 billion yuan in 2023, but the average price per unit increased by 19.16% to 4.62 million yuan per unit [4] - The subsidiary SKELE achieved revenue of 3.341 billion yuan in 2023, a year-on-year increase of 512%, with a net profit of 1 billion yuan, up 1071% year-on-year [4] - The company has successfully expanded its customer base in the automotive sector, securing orders from major companies such as Volkswagen, Aion, Zeekr, Li Auto, and Geely [4] - The company has made breakthroughs in the UK and European markets, with its new products obtaining TPD certification and establishing a wholly-owned subsidiary in the UK [4] Financial Performance - The company's 2023 lithium battery equipment gross margin was 19.56%, an increase of 0.61 percentage points year-on-year [4] - SKELE's operating profit margin in 2023 was 35.11%, with a net profit margin of 29.93%, an increase of 14.28 percentage points year-on-year [4] - The company's 2024 Q1 minority shareholder profit was 130 million yuan, a year-on-year increase of 154.78%, with SKELE contributing approximately 265 million yuan in net profit [4] Market and Industry Analysis - The global e-cigarette market is dominated by the US, UK, and Canada, with China being a major exporter, with 2023 e-cigarette exports reaching 11.08 billion USD, a year-on-year increase of 12.48% [4] - The company's lithium battery equipment business has a leading position in the industry, with core products supplied to top battery and automotive companies such as CATL, BYD, LG Energy Solution, and Volkswagen [4] Valuation and Forecast - The report maintains the 2024 net profit forecast at 1.096 billion yuan, but lowers the 2025 forecast by 14.6% to 1.27 billion yuan, and adds a 2026 forecast of 1.462 billion yuan [4] - The current stock price corresponds to a PE ratio of 10x for 2024, 8x for 2025, and 7x for 2026 [4] Key Financial Metrics - The company's 2023 EPS was 0.85 yuan, with a forecasted EPS of 1.69 yuan for 2024, 1.96 yuan for 2025, and 2.25 yuan for 2026 [4] - The company's ROE (attributable to the parent company) was 8.97% in 2023, with forecasts of 15.31% for 2024, 15.38% for 2025, and 15.33% for 2026 [4] - The company's P/B ratio is 1.7x for 2023, with forecasts of 1.5x for 2024, 1.3x for 2025, and 1.1x for 2026 [4]

证券代码：300457 证券简称：赢合科技 公告编号：2024-021 深圳市赢合科技股份有限公司 第五届监事会第八次会议决议的公告 本公司及监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。 监事会 深圳市赢合科技股份有限公司（以下简称"公司"）第五届监事会第八次会 议于 2024 年 4 月 25 日以通讯表决方式召开。会议通知已于 2024 年 4 月 15 日以 电子邮件方式送达全体监事。本次会议应参加表决监事 3 名，实际参加表决监事 3 名。会议由监事会主席夹良军先生召集和主持，会议的召开和表决程序符合《公 司法》及《公司章程》的有关规定，合法有效。 二、监事会会议审议情况 经与会监事认真审议，通过了如下决议： 1、审议通过了《关于 2024 年第一季度报告的议案》 经监事会审议：公司董事会编制及审议公司《2024 年第一季度报告》的程 序符合法律、行政法规和中国证监会的规定，公司《2024 年第一季度报告》真 实、准确、完整的反映了公司 2024 年第一季度的实际经营情况，不存在任何虚 假记载、误导性陈述或者重大遗漏。因此，全体监事一致同意公司《2024 年 ...

证券代码：300457 证券简称：赢合科技 公告编号：2024-023 深圳市赢合科技股份有限公司 关于召开 2023 年年度股东大会的通知 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。 深圳市赢合科技股份有限公司（以下简称"公司"）第五届董事会第九次会 议审议通过了《关于召开 2023 年年度股东大会的议案》，决定于 2024 年 5 月 31 日（星期五）下午 15:00 召开公司 2023 年年度股东大会，现将会议有关事项通 知如下： 一、召开会议的基本情况 1、股东大会届次：2023 年年度股东大会 2、股东大会的召集人：公司董事会 3、会议召开的合法性及合规性： 公司 2023 年年度股东大会会议的召开符合有关法律、法规、规范性文件和 《公司章程》的相关规定。 4、会议召开时间： 现场会议召开时间：2024 年 5 月 31 日（星期五）下午 15:00； 网络投票时间：2024 年 5 月 31 日，其中，通过深圳证券交易所交易系统进 行网络投票的具体时间为 2024 年 5 月 31 日上午 9:15-9:25，9:30-11:30 和下午 1 ...

Financial Performance - The company's operating revenue for Q1 2024 was ¥1,865,810,442.46, representing a 7.37% increase compared to ¥1,737,760,238.21 in the same period last year[8] - Net profit attributable to shareholders for Q1 2024 was ¥158,525,394.16, a significant increase of 53.87% from ¥103,026,290.18 in Q1 2023[8] - The net profit after deducting non-recurring gains and losses was ¥157,242,101.31, up 97.53% from ¥79,602,767.19 in the previous year[8] - Basic and diluted earnings per share for Q1 2024 were both ¥0.24, reflecting a 50.00% increase from ¥0.16 in Q1 2023[8] - The weighted average return on equity increased to 2.53% from 1.78% year-on-year, an increase of 0.75%[8] - The company reported a profit before tax of ¥333,412,916.06, significantly higher than ¥161,243,211.55 in the previous year, marking a growth of 106.67%[41] - The company’s total comprehensive income for Q1 2024 was ¥288,197,804.50, compared to ¥153,931,787.48 in Q1 2023, showing an increase of 87.06%[41] Assets and Liabilities - Total assets at the end of Q1 2024 were ¥16,621,813,124.98, down 5.25% from ¥17,542,084,316.71 at the end of the previous year[8] - Total liabilities decreased from 11.04 billion to 9.83 billion, a reduction of about 10.97%[20] - The total assets decreased from 17.54 billion to 16.62 billion, a reduction of approximately 5.25%[19] - The total liabilities and equity decreased by approximately 5.24% year-over-year, indicating a shift in the company's financial structure[40] - The company's total equity attributable to shareholders increased to ¥6,336,296,146.15, up from ¥6,174,470,080.48, representing a growth of 2.62%[40] Cash Flow - The net cash flow from operating activities was -¥366,652,929.13, a decline of 16.72% compared to -¥314,141,427.37 in the same period last year[8] - The total cash inflow from operating activities was 1,783,857,611.92, slightly down from 1,819,563,594.30 in the previous period[42] - Total cash inflow from investment activities was 298,285,784.37, while cash outflow was 291,963,905.23, resulting in a net cash flow of 6,321,879.14, a significant improvement from -67,648,726.37 in the previous period[42] - Cash inflow from financing activities totaled 363,883,334.69, with cash outflow of 356,944,679.55, leading to a net cash flow of 6,938,655.14, compared to -45,436,160.94 previously[43] - The ending balance of cash and cash equivalents was 1,806,303,803.33, up from 1,279,940,746.15 in the previous period[43] - The net increase in cash and cash equivalents for the period was -352,482,246.73, compared to -432,703,225.65 in the previous period, indicating a reduced cash outflow[43] Shareholder Information - The number of shareholders at the end of the reporting period was 36,726[31] Expenses - Research and development expenses for Q1 2024 were ¥96,259,056.17, a decrease of 23.26% compared to ¥125,388,626.81 in Q1 2023[40] - Payments to employees increased to 382,604,875.81 from 322,126,075.41, reflecting a rise in labor costs[42] Other Financial Metrics - Minority interests in net profit increased to ¥129,672,515.86 from ¥50,895,277.72, reflecting a growth of 154.66%[41] - The company recorded a non-operating loss of -2,386,367.78, which impacted overall profitability[55] - The company reported a government subsidy of 4,412,480.01, contributing positively to the financial results[55] - The company received tax refunds amounting to 58,196,163.29, an increase from 9,644,523.44 in the previous period[42]

证券代码：300457 证券简称：赢合科技 公告编号：2024-020 深圳市赢合科技股份有限公司 第五届董事会第九次会议决议的公告 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。 一、董事会会议召开情况 深圳市赢合科技股份有限公司（以下简称"公司"）第五届董事会第九次会 议于 2024 年 4 月 25 日以通讯表决方式召开。会议通知已于 2024 年 4 月 15 日以 电子邮件方式送达全体董事、监事及高级管理人员。本次会议应参加表决董事 8 名，实际参加表决董事 8 名。会议由董事长贾廷纲先生召集和主持，会议的召开 和表决程序符合《公司法》及《公司章程》的有关规定，合法有效。 二、董事会会议审议情况 具体内容详见公司同日刊登在巨潮资讯网（http://www.cninfo.com.cn）的 《2024 年第一季度报告》。 本议案已经公司董事会审计委员会审议通过。 表决结果：同意 8 票，反对 0 票，弃权 0 票。 2、审议通过了《关于召开 2023 年年度股东大会的议案》 公司将于 2024 年 5 月 31 日（星期五）下午 15:00 在广东省惠州 ...

Financial Performance - The company's operating revenue for 2023 reached approximately ¥9.75 billion, representing an 8.09% increase compared to ¥9.02 billion in 2022[48]. - Net profit attributable to shareholders for 2023 was approximately ¥553.80 million, a 13.62% increase from ¥487.42 million in 2022[48]. - The net profit after deducting non-recurring gains and losses for 2023 was approximately ¥536.34 million, reflecting a 13.96% increase from ¥470.63 million in 2022[48]. - The net cash flow from operating activities for 2023 was approximately ¥1.40 billion, a significant increase of 325.45% compared to ¥328.83 million in 2022[48]. - The total assets of the company at the end of 2023 amounted to approximately ¥17.54 billion, marking a 6.94% increase from ¥16.37 billion at the end of 2022[48]. - The net assets attributable to shareholders at the end of 2023 were approximately ¥6.17 billion, a 7.38% increase from ¥5.75 billion at the end of 2022[48]. - The basic earnings per share for 2023 was ¥0.85, up 13.33% from ¥0.75 in 2022[48]. - The company achieved a revenue of 974,978.59 million yuan in 2023, representing a year-on-year growth of 8.09%, and a net profit attributable to shareholders of 55,380.48 million yuan, up 13.62% year-on-year[88]. Market Expansion and Business Development - The company has enhanced its market expansion efforts, with significant growth in international markets[15]. - The electronic cigarette business is expanding well, contributing positively to overall performance[4]. - The company plans to continue expanding its market presence and investing in new product development to drive future growth[56]. - The electronic cigarette business has expanded its market coverage to 167 countries and regions in 2023, an increase of 10 countries from 2022[57]. - The electronic cigarette business, under the subsidiary Skoll, has seen significant growth in Europe, with the establishment of a wholly-owned subsidiary in the UK to enhance market presence and customer service[82]. - The company has successfully expanded its customer base, securing orders from major automotive manufacturers such as Volkswagen and Geely, enhancing its market competitiveness[109]. Research and Development - The company has established a dedicated project team for new product development, improving R&D success rates and reducing development costs[3]. - The company invested over 700 million yuan in R&D in 2023, focusing on overcoming technical challenges and developing new products, resulting in a total of 1,735 patents and software copyrights by the end of the reporting period[88]. - The company is focusing on digital transformation, implementing a comprehensive digital management strategy to improve operational efficiency and management information levels[112]. - The company aims to enhance product efficiency and reduce costs through continuous innovation in lithium battery equipment automation and digitalization[110]. - The company has established a complete digital and intelligent solution to support battery enterprises in achieving high efficiency and low cost during large-scale expansions[104]. Operational Strategy and Efficiency - The company is implementing a "2211" operational strategy to promote cost reduction and efficiency improvement[6]. - The company’s procurement system underwent a comprehensive optimization, creating a centralized supplier management layout to improve supply chain efficiency[89]. - The establishment of a global localized service system for lithium battery equipment ensures comprehensive lifecycle management and rapid response to customer needs[87]. - The company has established a strict procurement management system to ensure product quality and supplier reliability[60]. - The company reported a decrease in raw material costs by 6.53% year-on-year, while labor costs increased by 71.20%[96]. Shareholder Returns and Dividends - The company reported a cash dividend of RMB 1.75 per share, totaling RMB 112,983,793.65, based on a total share capital of 645,621,678 shares after deducting repurchased shares[36]. - The company emphasizes maintaining a balance between performance growth and shareholder returns, aiming for a long-term, stable, and sustainable return mechanism[128]. - The total distributable profit for the year was 888,642,896.79 yuan[162]. - The company has not proposed a cash dividend distribution plan despite having positive profits available for distribution[164]. - The company maintains a focus on enhancing shareholder returns while ensuring compliance with regulations and transparency in its operations[162]. Talent and Human Resources - The company has been actively recruiting high-end talent with industry experience to support its growth strategy[14]. - The company continues to enhance its talent pool through stock incentive plans, granting 346.59 million restricted shares to 168 key employees to foster commitment and attract external talent[92]. - The company has established a comprehensive human resources management system covering recruitment, training, compensation, benefits, paid leave, performance evaluation, internal transfers, promotions, and personnel appointments[197]. - The company adheres to the talent philosophy of "merit-based selection and contribution first," actively recruiting talent from society and universities to promote employment[196]. Compliance and Governance - The company is committed to complying with disclosure requirements related to the lithium-ion battery industry[17]. - The company has a complete governance structure in compliance with relevant laws and regulations, ensuring operational integrity[136]. - The company operates independently from its controlling shareholders, ensuring complete independence in business, assets, personnel, and finance[136]. - The company has established a robust independent financial team, with no personnel holding concurrent positions in controlling shareholders' enterprises[137]. - The company’s management team is composed of professionals with diverse backgrounds and extensive experience in their respective fields[145]. Social Responsibility - The company actively fulfills its social responsibility through donations, volunteer activities, and community building, aiming to create a harmonious social atmosphere[200].

（一）董事会会议召开情况 报告期内，公司董事会共召开 8 次会议，会议的召开与表决程序符合《公司 法》和《公司章程》等法律法规的有关规定，具体情况如下： | 会议届次 | | 召开日期 | | 通过议案 | | --- | --- | --- | --- | --- | | 第四届董事会 | 2023 | | 年 | 1、《关于调整 2022 年限制性股票激励计划激励对象名单及 | | | | | | 授予数量的议案》 | | | | | | 2、《关于向 2022 年限制性股票激励计划激励对象授予限制 | | | | | | 性股票的议案》 | | 第三十四次会议 | 02 月 | 15 | 日 | 3、《关于董事会换届暨选举第五届董事会非独立董事候选 | | | | | | 人的议案》 | | | | | | 4、《关于董事会换届暨选举第五届董事会独立董事候选人 | | | | | | 的议案》 | | | | | | 5、《关于召开 2023 年第二次临时股东大会的议案》 | | 第五届董事会 | 2023 | | 年 | 1、《关于选举公司第五届董事会董事长的议案》 | | | | | | 2、《关于 ...

001 深圳市赢合科技股份有限公司 2023 年 ESG 报告 002 深圳市赢合科技股份有限公司 2023 年 ESG 报告 关于本报告 报告简介 本报告是深圳市赢合科技股份有限公司发布的第一份《环境、社会及治理（ESG）报告》。报告本 着客观、规范、透明和全面的原则，详细披露了 2023 年赢合科技在环境保护、社会责任、公司治理等 领域的管理、实践和绩效。 报告期间 本报告的时间范围是 2023 年 1 月 1 日至 2023 年 12 月 31 日，为增强报告的可比性和完整性，部 分内容超出上述范围。 报告范围 本报告以赢合科技为主体，涵盖赢合科技及其全资子公司、控股子公司，除特别说明外，本报告范 围与本公司的财务报告合并报表范围保持一致。 编制依据 依据的规则： 国务院国资委《关于国有企业更好履行社会责任的指导意见》 上海市国资委《上海市国有控股上市公司环境、社会和治理（ESG）指标体系 1.0》 深圳证券交易所《深圳证券交易所上市公司环境、社会责任和公司治理信息披露指引》《深圳证券 交易所上市公司自律监管指引第 2 号——创业板上市公司规范运作》 参考的标准： 《深圳证券交易所上市公司自律监管指引第 ...

上会师报字(2024)第 2499 号 深圳市赢合科技股份有限公司全体股东： 我们接受委托，依据《中国注册会计师执业准则》审计了深圳市赢合科技股份 有限公司（以下简称"赢合科技"）2023 年度的财务报表，包括 2023 年 12 月 31 日的 合并及公司资产负债表，2023 年度的合并及公司利润表、合并及公司现金流量表、 合并及公司的所有者权益变动表及财务报表附注，并于 2024 年 3 月 25 日出具了审计 报告（报告书编号为：上会师报字(2024)第 2388 号）。在此基础上，我们审核了后附 的赢合科技管理层编制的"深圳市赢合科技股份有限公司 2023 年度非经营性资金占 用及其他关联资金往来情况汇总表"(以下简称"汇总表")。 深圳市赢合科技股份有限公司 非经营性资金占用及其他关联资金往来情况 汇总表的专项审核报告 上会师报字(2024)第 2499 号 上会会计师事务所（特殊普通合伙） 中国 上海 深圳市赢合科技股份有限公司 2023 年度非经营性资金占用及其他关联资金往来情况汇总表的 专项审核报告 赢合科技管理层的责任是提供真实、合法、完整的相关资料，按照《上市公司 监管指引第 8 号—上市 ...

深圳市赢合科技股份有限公司 2023 年度独立董事述职报告 （余爱水） 各位股东及股东代表： 本人余爱水作为深圳市赢合科技股份有限公司（以下简称"公司"）第四届 董事会和第五届董事会独立董事，严格按照《公司法》《证券法》《上市公司独 立董事管理办法》《深圳证券交易所创业板股票上市规则》《深圳证券交易所上 市公司自律监管指引第 2 号——创业板上市公司规范运作》等相关法律、法规及 《公司章程》《独立董事工作制度》《独立董事专门会议制度》等制度的规定， 在 2023 年的工作中，本着对全体股东负责的态度，忠实、勤勉地履行独立董事 的职责与义务，按时出席董事会和股东大会，在董事会中发挥参与决策、监督制 衡、专业咨询作用，切实维护公司和全体股东尤其是中小股东的合法权益。现将 本人 2023 年度任职期间履行独立董事职责情况报告如下： 一、独立董事的基本情况 余爱水，中国国籍，无境外永久居留权，1966 年出生，理学博士，复旦大 学教授、博士生导师，上海市"浦江人才计划"获得者，中国电池协会常务理事， 中国颗粒学会赢创奖获得者。1993 年加入复旦大学；先后在日本岩手大学、新 加坡材料工程研究所、美国 Oklahoma ...