证券代码：300476 证券简称：胜宏科技 公告编号：2024-057 胜宏科技（惠州）股份有限公司 二、其他说明 公司将严格按照相关规定及公司回购股份方案，在回购期限内根据市场情况 择机做出回购决策并予以实施，同时根据回购股份事项进展情况及时履行信息披 露义务。敬请广大投资者注意投资风险。 特此公告。 胜宏科技（惠州）股份有限公司 关于股份回购进展情况的公告 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。 胜宏科技（惠州）股份有限公司（以下简称"公司"）于 2024 年 9 月 13 日召 开了第四届董事会第二十七次会议，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以集中竞价交易方式回购部分公司已发行的人民币普通 股（A 股）股票（以下简称"本次回购"），用于实施员工持股计划或股权激励。 本次回购的资金总额不低于人民币7,000万元且不超过14,000万元（均含本数）， 回购价格不超过 47.59 元/股。本次回购的实施期限为自董事会审议通过回购股份 方案之日起 12 个月内。具体内容详见公司于 2024 年 9 月 14 日在巨潮资讯网 ...

证券代码：300476 证券简称：胜宏科技 公告编号：2024-056 胜宏科技（惠州）股份有限公司 关于控股股东部分股份质押延期回购的公告 本公司及董事会全体成员保证公告内容的真实、准确、完整，没有虚假记载、误导性陈 述或重大遗漏。 胜宏科技（惠州）股份有限公司（以下简称"公司"或"胜宏科技"）近日接 到控股股东深圳市胜华欣业投资有限公司（以下简称"胜华欣业"）通知，获悉 胜华欣业办理了部分股份质押延期回购业务。具体事项如下： | 股东 | 是否为控 | 股股东或 | 本次质押 | 本次质押占 | 本次质 押占公 | 是否 | 是否 为补 | 质押起 | 质押 | 延期后 | 质权人 | 质押 用途 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 名称 | | 第一大股 | 股份数量 | 其所持股份 | 司总股 | 为限 | 充质 | 始日期 | 到期 | 的质押 | | | | | | 东及其一 | （股） | 比例 | 本比例 | 售股 | 押 | | 日 | 到期日 | | | | ...

Investment Rating - The report maintains a "Buy" rating for the company Shenghong Technology (300476) [1] Core Views - The company's Q3 performance exceeded expectations, driven by the growth of AI-related products and the consolidation of MFS softboard business, which enhanced revenue and profit [2][3] - The company is focusing on high-end products, with successful mass production of advanced AI data center products and ongoing technological upgrades for AI servers and optical transmission switches [2] - The increase in the proportion of mid-to-high-end product lines has positively impacted the gross margin, which reached 23.17% in Q3, up 1.48 percentage points from the previous quarter [2] Financial Summary - For the first three quarters of 2024, the company reported revenue of 76.98 billion yuan, a year-on-year increase of 34.02%, and a net profit attributable to shareholders of 7.65 billion yuan, up 30.54% [2] - Q3 2024 revenue was 28.42 billion yuan, representing a 37.07% year-on-year growth, with a net profit of 3.06 billion yuan, up 26.70% [2] - The company forecasts total revenue for 2024-2026 to be 118.29 billion, 155.91 billion, and 174.80 billion yuan, with corresponding year-on-year growth rates of 49.15%, 31.80%, and 12.12% [3] Profitability Forecast - The net profit attributable to shareholders is expected to reach 12.08 billion, 17.25 billion, and 19.69 billion yuan for 2024-2026, with growth rates of 79.97%, 42.81%, and 14.10% respectively [3] - The report indicates that the company will benefit from the explosive demand for AI and increased orders from major automotive electronics clients, leading to a rise in both volume and price of products [2]

Investment Rating - The investment rating for the company is "Buy" and is maintained [3][4]. Core Insights - The company reported a revenue of 7.698 billion yuan for the first three quarters of 2024, representing a year-on-year increase of 34.02%. The net profit attributable to shareholders was 765 million yuan, up 30.54% year-on-year. The gross margin and net margin were 21.55% and 9.93%, respectively, showing a slight decline of 0.49 percentage points and 0.27 percentage points year-on-year [3][4]. - In the third quarter alone, the company achieved a revenue of 2.842 billion yuan, a year-on-year increase of 37.07% and a quarter-on-quarter increase of 15.36%. The net profit for this quarter was 306 million yuan, up 26.70% year-on-year and 22.52% quarter-on-quarter [3][4]. - The company's profitability slightly decreased due to the impact of acquisitions and foreign exchange fluctuations leading to increased expenses [3][4]. Summary by Sections Financial Performance - For the first three quarters of 2024, the company achieved a total revenue of 76.98 billion yuan and a net profit of 7.65 billion yuan. The gross margin was 21.55% and the net margin was 9.93% [3][4]. - The third quarter results showed a revenue of 28.42 billion yuan and a net profit of 3.06 billion yuan, with gross and net margins of 23.17% and 10.75%, respectively [3][4]. Research and Development - The company emphasizes investment in technology research and development, with R&D expenses reaching 132 million yuan in the third quarter, representing a 4.63% R&D expense ratio. The company has developed capabilities for 70-layer multilayer circuit boards and has begun mass production of 24-layer high multilayer boards and 28-layer HDI boards [3][4]. - The company is focusing on high-end AI data center products and has successfully entered mass production for several products, including 1.6T optical modules [3][4]. Product Strategy - The company is upgrading its product structure to meet the growing demand in the AI industry, particularly for large-size, high-speed multilayer PCBs and high-end HDI products. It has established deep collaborations with top domestic and international clients to align with future product trends [4]. - The company is expected to benefit from the recovery in traditional downstream sectors while optimizing its product structure, leading to an increase in the proportion of high ASP products [4]. Future Outlook - The company is projected to achieve net profits of 1.151 billion yuan, 1.689 billion yuan, and 2.027 billion yuan for the years 2024, 2025, and 2026, respectively, with corresponding PE ratios of 34.37, 23.43, and 19.53 [4].

Investment Rating - The report maintains a "Strong Buy" rating for Shenghong Technology with a target price of 58.3 RMB, compared to the current price of 45.67 RMB [1] Core Views - Shenghong Technology's Q3 2024 performance showed rapid improvement, with revenue reaching 2.842 billion RMB (YoY +37.07%, QoQ +15.36%) and net profit attributable to the parent company of 306 million RMB (YoY +26.70%, QoQ +22.52%) [1] - The company's AI business is expected to drive accelerated growth, with high-end AI data center computing products and 1.6T optical modules entering mass production [2] - Automotive electrification and intelligence are driving steady growth in the automotive business, with the company being a top 2 PCB supplier for the world's largest electric vehicle customer [2] Financial Performance - For the first three quarters of 2024, the company achieved revenue of 7.698 billion RMB (YoY +34.02%) and net profit attributable to the parent company of 765 million RMB (YoY +30.54%) [1] - The company's gross margin in Q3 2024 was 23.17%, an increase of 1.48 percentage points quarter-over-quarter [2] - R&D expenses reached a historical high in Q3 2024, reflecting the company's deep layout in AI, communications, and other high-end fields [2] Business Development - The company has successfully developed and applied next-generation technologies such as PCIe 6.0 protocol, 800G/1.6T optical transmission, and 6G communications [2] - Process capabilities have been optimized, including the completion of equipment optimization and transformation for high multilayer precision HDI 5.0mm and high multilayer PCB 8.0mm thick boards [2] - The company has introduced several international Tier 1 automotive customers and developed products for L3/L4 autonomous driving technologies [2] Industry Outlook - AI computing power and automotive applications are driving a new round of growth in the PCB industry [2] - The company, as a leading domestic PCB manufacturer, is expected to benefit deeply from this industry development cycle by serving top customers in data communication and automotive fields [2] Financial Projections - The report forecasts revenue of 11.584 billion RMB for 2024, 14.851 billion RMB for 2025, and 18.621 billion RMB for 2026 [3] - Net profit attributable to the parent company is projected to be 1.254 billion RMB in 2024, 2.009 billion RMB in 2025, and 2.702 billion RMB in 2026 [3] - EPS is expected to grow from 1.45 RMB in 2024 to 3.13 RMB in 2026 [3]

Investment Rating - The investment rating for the company is "Buy" (maintained) [1][4]. Core Views - The company reported a significant increase in revenue and net profit for Q3 2024, with revenue reaching 28.42 billion yuan, a year-on-year increase of 37.07% and a quarter-on-quarter increase of 15.36% [4]. - The company is accelerating its overseas strategic layout, including plans to establish a new production base in Vietnam and the acquisition of APCB Electronics Thailand [6]. - The company is focusing on AI-related products, which are expected to benefit from the growing demand for AI terminal applications [4]. Financial Performance Summary - For the first three quarters of 2024, the company achieved a total revenue of 76.98 billion yuan, representing a year-on-year growth of 34.02% [4]. - The net profit attributable to the parent company for Q3 2024 was 3.06 billion yuan, with a year-on-year increase of 26.70% and a quarter-on-quarter increase of 22.52% [4]. - The gross margin for Q3 2024 was 23.17%, showing a year-on-year decrease of 0.77 percentage points but an increase of 1.48 percentage points from the previous quarter [4]. Financial Forecasts - The company forecasts net profits for 2024, 2025, and 2026 to be 11.75 billion yuan, 14.92 billion yuan, and 19.32 billion yuan respectively, with corresponding EPS of 1.36 yuan, 1.73 yuan, and 2.24 yuan [4]. - The current price-to-earnings (P/E) ratios are projected to be 33.7, 26.5, and 20.5 for the years 2024, 2025, and 2026 respectively [4]. Share Buyback Plan - The company announced a plan to repurchase shares using its own funds, with a total repurchase amount between 70 million yuan and 140 million yuan, reflecting management's confidence in the company's intrinsic value [5].

Investment Rating - The report maintains a "Recommended" rating for the company, indicating a positive outlook for its stock performance in the near term [2][5]. Core Insights - The company achieved record-high operating performance, with a revenue of 7.7 billion yuan for the first three quarters of 2024, representing a year-on-year increase of 34.02%. The net profit attributable to shareholders reached 760 million yuan, up 30.54% year-on-year [4][5]. - The AI HDI (High-Density Interconnect) business is experiencing sustained growth, opening up long-term growth opportunities. The company has focused on innovation and is actively developing new technologies and products in AI servers, AI computing cards, and related fields [5][6]. - The company’s R&D investment for the first three quarters of 2024 was 329 million yuan, an increase of 11.91% year-on-year, reflecting its commitment to technological advancement [5]. Summary by Sections Financial Performance - For the first three quarters of 2024, the company reported a revenue of 7.7 billion yuan and a net profit of 760 million yuan, with gross and net profit margins of 21.55% and 9.93%, respectively [4][5]. - In Q3 2024 alone, the company achieved a revenue of 2.84 billion yuan, a year-on-year increase of 37.07%, and a net profit of 310 million yuan, up 26.7% year-on-year [5]. Future Projections - The company forecasts earnings per share (EPS) of 1.32 yuan, 2.26 yuan, and 2.54 yuan for 2024, 2025, and 2026, respectively, with corresponding price-to-earnings (P/E) ratios of 34.7, 20.3, and 18.1 [5][6]. - The projected revenue for 2024 is 11.83 billion yuan, with a year-on-year growth rate of 49.2% [6][12]. R&D and Innovation - The company is advancing in AI-related technologies, with ongoing development in next-generation transmission protocols and high-capacity optical transmission technologies [5]. - The company has successfully scaled production of high-end AI data center products, including 5-layer and 6-layer HDI products, and is in the early stages of producing 1.6T optical modules [5].

胜宏科技（惠州）股份有限公司 2024 年第三季度报告 1 证券代码：300476 证券简称：胜宏科技 公告编号：2024-055 胜宏科技（惠州）股份有限公司 2024 年第三季度报告 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。 重要内容提示： 1.董事会、监事会及董事、监事、高级管理人员保证季度报告的真实、准确、完整，不存在虚假记载、误导性陈述或重 大遗漏，并承担个别和连带的法律责任。 2.公司负责人、主管会计工作负责人及会计机构负责人(会计主管人员)声明：保证季度报告中财务信息的真实、准确、完 整。 3.第三季度报告是否经过审计 □是 否 胜宏科技（惠州）股份有限公司 2024 年第三季度报告 一、主要财务数据 （一） 主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 | --- | --- | --- | --- | --- | |------------------------------------------------------|-------------------|--------------------|------- ...

证券代码：300476 证券简称：胜宏科技 公告编号：2024-054 胜宏科技（惠州）股份有限公司 关于股份回购进展情况的公告 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。 公司将严格按照相关规定及公司回购股份方案，在回购期限内根据市场情况 择机做出回购决策并予以实施，同时根据回购股份事项进展情况及时履行信息披 露义务。敬请广大投资者注意投资风险。 特此公告。 胜宏科技（惠州）股份有限公司 董事会 2024 年 10 月 10 日 胜宏科技（惠州）股份有限公司（以下简称"公司"）于 2024 年 9 月 13 日召 开了第四届董事会第二十七次会议，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以集中竞价交易方式回购部分公司已发行的人民币普通 股（A 股）股票（以下简称"本次回购"），用于实施员工持股计划或股权激励。 本次回购的资金总额不低于人民币7,000万元且不超过14,000万元（均含本数）， 回购价格不超过 47.59 元/股。本次回购的实施期限为自董事会审议通过回购股份 方案之日起 12 个月内。具体内容详见公司于 2024 年 ...

本公司及董事会全体成员保证公告内容的真实、准确、完整，没有虚假记载、误导性陈 述或重大遗漏。 特别提示： 1、本次股东大会无增加议案、否决、修改提案的情况； 2、本次股东大会不存在变更前次股东大会决议的情况； 3、本次股东大会采取现场投票与网络投票的方式进行。 证券代码：300476 证券简称：胜宏科技 公告编号：2024-051 胜宏科技（惠州）股份有限公司 2024 年第一次临时股东大会决议公告 一、会议召开和出席情况 （一）会议召开情况 1、会议召开时间： （1）现场会议时间：2024年9月30日（星期一）14:30 （2）网络投票时间：2024年9月30日至2024年9月30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9月 30日9:15—9:25,9:30—11:30 和13:00—15:00； 通过深圳证券交易所互联网投票系统投票的具体时间为2024年9月30日9:15 至15:00期间的任意时间。 2、召开地点：广东省惠州市惠阳区淡水镇新桥村行诚科技园胜宏科技研一 六楼会议室； 3、召开方式：本次股东大会采用现场表决与网络投票相结合的方式召开； 4、召集人：公司董事会； ...