4月29日，美利信（301307）2024年度网上业绩说明会在全景路演成功举办。 2024年，美利信全年营业收入达36.59亿元，同比增长14.73% ；汽车业务表现尤为强劲，市场份额稳步 抬升。 "目前公司北美工厂正按计划做投产前的生产准备工作，包括厂房改造、设备采购、安装调试及人员培 训等。"美利信副总经理、董事会秘书王双松指出。 针对公司在机器人领域布局和规划的相关提问，公司方面直言：公司高度重视和关注机器人领域的发展 和市场需求，并根据客户需求进行技术研发和项目储备。 关于公司核心技术储备有关情况，公司方面介绍称：公司核心技术涵盖高真空压铸、精密加工、模具设 计制造、高导热和轻量化材料研发、无铬表面处理、静电喷粉、搅拌摩擦焊、激光焊接、钎焊、冷媒罐 装等高新领域。尤其在高真空压铸、高薄散热翅片压铸和高导热材料研发及应用方面达到国际水平。随 着通信技术迭代以及新能源汽车与智能网联的高度协同，在散热性能方面也提出了更高的要求，公司也 积极布局了可钎焊压铸技术的研发与应用，拓展可钎焊压铸技术在新能源汽车、通信、储能、算力领域 的应用。（全景网） 了解更多美利信2024年度网上业绩说明会详情，请点击：http ...

证券代码：301307 证券简称：美利信 重庆美利信科技股份有限公司投资者关系活动记录表 编号：2025-003 | | 特定对象调研 分析师会议 | | --- | --- | | 投资者关系活 | □媒体采访 ☑业绩说明会 | | 动类别 | □新闻发布会 □路演活动 | | | 现场参观 | | | □其他 (请文字说明其他活动内容) | | 时间 | 2025年4月29日 (周二) 下午 15:30-16:30 | | 地点 | 公司通过全景网"投资者关系互动平台"（https://ir.p5w.net）采 | | | 用网络远程的方式召开业绩说明会 | | 参与单位名称 | 投资者网上提问 | | 及人员姓名 | | | | 董事长、总经理：余亚军先生 | | | 副总经理、董事会秘书：王双松先生 | | 上市公司接待 | 财务总监：易长春先生 | | 人员姓名 | 独立董事：商华军先生 | | | 保荐代表人：朱伟先生 | | | 投资者提出的问题及公司回复情况 | | | 公司就投资者在本次说明会中提出的问题进行了回复： | | | 1、公司2025年核心经营目标是什么？ | | | 答： ...

重庆美利信科技股份有限公司 关于举行 2024 年度网上业绩说明会的公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 重庆美利信科技股份有限公司（以下简称"公司"）定于 2025 年 4 月 29 日 （星期二）15:30-16:30 在全景网举办 2024 年度业绩说明会，本次年度业绩说明 会将采用网络远程的方式举行，投资者可登陆全景网"投资者关系互动平台" （http://ir.p5w.net）参与本次说明会。 证券代码：301307 证券简称：美利信 公告编号：2025-027 重庆美利信科技股份有限公司董事会 2025 年 4 月 25 日 为充分尊重投资者、提升交流的针对性，现就公司 2024 年度业绩说明会提 前向投资者公开征集问题，广泛听取投资者的意见和建议。投资者可于 2025 年 4 月 28 日（星期一）15:00 前访问 https://ir.p5w.net/zj/，或扫描下方二维码，进入 问题征集专题页面。公司将在 2024 年度业绩说明会上，对投资者普遍关注的问 题进行回答。 （问题征集专题页面二维码） 出席本次说明会的人员有：董 ...

Group 1: Company Operations and Strategy - The North American factory is progressing as planned, with preparations for production including facility renovations, equipment procurement, and personnel training [2] - The company plans to establish a wholly-owned subsidiary to enhance competitiveness in the semiconductor and high-precision manufacturing sectors, focusing on specialized equipment manufacturing and metal surface treatment [2][3] - The company is closely monitoring the robotics sector and is capable of developing related components in sync with customer needs [3] Group 2: Financial Performance and Challenges - The company reported significant losses in Q1 2025 compared to the same period last year, primarily due to increased depreciation and labor costs associated with new projects and facilities that are still ramping up production [3] - The previous year's financials were less impacted due to minimal expenses during the preparation phase of the Anhui factory and the non-completion of the MCT restructuring [3] Group 3: Future Outlook - The company aims to deepen its core business while actively developing brazing die-casting technology and expanding into the semiconductor and high-precision manufacturing industries [3]

Investment Rating - The report maintains a "Buy" rating for the company, expecting a relative performance increase of over 15% against the benchmark index in the next 6 to 12 months [9]. Core Views - The company is experiencing pressure on earnings due to multiple factors, including increased management and R&D expenses, as well as impairment losses. The transition to a loss in 2024 is attributed to a decline in gross margin and increased costs associated with new capacity and business expansion [5][6]. - The company is expanding into the semiconductor and high-end precision manufacturing industries, aiming for platform development and globalization to drive long-term growth. Key partnerships with major clients in the automotive and communication sectors are expected to enhance its competitive edge [5][6]. Summary by Relevant Sections Financial Performance - In 2024, the company achieved revenue of 3,660 million yuan, a year-on-year increase of 14.7%. However, it reported a net loss of 160 million yuan, a significant decline from the previous year [5]. - The automotive parts segment saw a revenue increase of 46.3%, while the communication segment faced a revenue decline of 19.9% due to reduced demand from major clients [5]. Profitability Forecast - The report projects a recovery in profitability, with net profit expected to turn positive in 2025, reaching 65 million yuan, and further increasing to 148 million yuan in 2026 [5][6]. - The gross margin for 2024 is forecasted at 9.67%, down 5.7 percentage points year-on-year, with specific margins for communication and automotive segments at 6.8% and 9.68%, respectively [5]. Valuation Metrics - The report adjusts the company's net profit forecasts for 2025 and 2026 to 65 million yuan and 150 million yuan, respectively, with a new forecast for 2027 at 210 million yuan. The corresponding P/E ratios are projected at 80X, 35X, and 25X for the respective years [5][6].

Core Viewpoint - Meilixin's 2024 annual report reveals a significant revenue increase but substantial net losses, highlighting challenges in the communication sector while the automotive segment shows strong growth [1][4]. Group 1: Financial Performance - The company achieved total revenue of 3.659 billion yuan in 2024, a year-on-year increase of 14.73% [1]. - Net profit attributable to shareholders was -164 million yuan, a decline of 220.58% year-on-year [1]. - Non-recurring net profit also showed poor performance at -174 million yuan, down 253.12% year-on-year [1]. Group 2: Business Segments - Revenue from communication structural components was 1.14 billion yuan, a decrease of 19.86% year-on-year, primarily due to global economic fluctuations and policy adjustments [4]. - The automotive parts business generated 2.366 billion yuan, reflecting a robust growth of 46.31% year-on-year, driven by the rapid development of the new energy vehicle market [4]. Group 3: R&D and Investment - R&D expenses reached 184 million yuan, accounting for 5.02% of total revenue, an increase of 0.38 percentage points from the previous year [5]. - Increased R&D spending has not yet translated into improved sales performance, contributing to higher expenses and exacerbating losses [5]. Group 4: Global Operations - The company has established multiple production bases globally, including locations in Chongqing, Xiangyang, Dongguan, and Ma'anshan, with a North American facility under construction [6]. - This global presence allows the company to better meet customer demands and respond quickly to market changes, although it also incurs significant capital expenditures [6]. Group 5: Future Outlook - Despite the disappointing performance in 2024, strong growth in the automotive sector and ongoing technological innovation provide hope for future development [7]. - The expansion of the new energy vehicle market is expected to sustain high growth in this segment [7]. - Challenges such as global economic uncertainty, raw material price fluctuations, and increased market competition may adversely affect performance [7].

Core Insights - The company reported a significant decline in net profit despite an increase in revenue, indicating operational challenges [1][3][18] Financial Performance - Revenue for 2024 reached 3,658,982,203.62 yuan, a 14.73% increase from 2023's 3,189,146,631.03 yuan [2] - The aluminum component business is the core segment, accounting for 100% of revenue, with a notable 46.31% increase in automotive parts revenue, while communication components saw a 19.86% decline [2] - Net profit attributable to shareholders was -163,835,838.33 yuan, a 220.58% decrease from 135,873,376.22 yuan in 2023, primarily due to declining gross margins and increased expenses [3][4] - The gross margin fell from 15.37% in 2023 to 9.67% in 2024, with total asset impairment losses reaching 107,084,730.74 yuan [3] Profitability Metrics - The company's non-recurring net profit was -173,868,859.87 yuan, down 253.12% from 113,552,066.25 yuan in 2023, indicating severe challenges in core business profitability [4] - Basic earnings per share dropped to -0.7779 yuan from 0.7043 yuan, a 210.45% decline, reflecting weakened profitability and reduced investor appeal [5] Expense Analysis - Overall expenses increased, with sales expenses rising by 1.68%, management expenses up 46.07%, and financial expenses increasing by 49.70% due to higher borrowing costs [6] - R&D expenses grew by 24.27%, totaling 183,741,047.83 yuan, indicating a focus on innovation but also increasing short-term cost burdens [6] R&D and Personnel Changes - R&D investment represented 5.02% of revenue, with the number of R&D personnel increasing from 545 to 630, reflecting a commitment to high-end talent [7] - The company is focusing on projects like specialized tubular products and high-performance aluminum alloy structures, which could enhance competitiveness if successful [7] Cash Flow Insights - Net cash flow from operating activities decreased by 35.54% to 408,193,606.46 yuan, indicating weakened cash generation capabilities [9] - Cash flow from investment activities improved, with net cash flow of -986,617,188.00 yuan, an improvement from -1,361,309,924.57 yuan in 2023 [10] - Financing activities saw a net cash flow of 781,086,978.85 yuan, with a 32.11% decrease in cash inflow, suggesting adjustments in financing strategies [11] Management Compensation - Despite a decline in company performance, management compensation increased, raising concerns about the alignment of pay with performance [17]

证券代码：301307 证券简称：美利信 公告编号：2025- 023 重庆美利信科技股份有限公司 关于2024年度计提信用减值损失及资产减值损失的公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 注： 1、上表中若出现总数与各分项数值之和尾数不符的情形，为四舍五入原因造成。 2、本次计提信用减值损失及资产减值损失已经天健会计师事务所（特殊普通合伙）审计确认。 二、计提信用减值损失及资产减值损失的确认标准和计提方法 1、信用减值损失计提说明 1. 按信用风险特征组合计提预期信用损失的应收款项 重庆美利信科技股份有限公司（以下简称"公司"或"本公司"）于2025 年4月18日召开第二届董事会第十二次会议审议通过了《关于2024年度计提信用 减值损失及资产减值损失的议案》。现将相关情况公告如下： 一、本次计提信用减值损失及资产减值损失情况概述 公司根据《企业会计准则》及会计政策的相关规定，为更加客观公正地反 映公司的财务状况和资产价值，基于谨慎性原则，对合并报表范围内截至2024 年12月31日的各类资产进行了全面检查和减值测试，并进行充分的评估和分析， 对其 ...

重庆美利信科技股份有限公司 关于 2025 年度开展套期保值业务的可行性分析报告 一、公司开展外汇衍生品套期保值业务的背景 1、由于铝产品市场价格波动较大，重庆美利信科技股份有限公司（以下简 称"公司"）生产的铝合金制品销售价格和原料成本与铝价直接关联，铝价波动将 对公司的生产成本以及经营收益产生一定的影响。为了规避市场价格波动风险， 实现稳健经营的目标，公司及子公司拟开展商品套期保值业务，计划投入资金规 模与经营情况和实际需求相比配，将风险控制在适度范围内。 2、随着海外金融市场环境的不断变化，外汇汇率波动日趋频繁，外汇市场 不确定性越发凸显。当前公司的出口业务占比相对较高，汇率出现较大波动时， 汇兑损益将对公司的业绩造成一定影响。为有效规避外汇市场风险，防范汇率大 幅波动对公司造成的不利影响，提高公司抵御汇率波动的能力，公司及子公司在 保证正常经营的前提下，拟开展远期结售汇业务。 二、公司开展套期保值业务的情况概述 （一）外汇衍生品套期保值业务 1、主要涉及的币种及业务品种 公司及子公司开展的外汇衍生品套期保值业务的币种仅限于公司日常经营 所使用的主要结算货币，交易品种包括但不限于远期结售汇、掉期、期权、 ...

重庆美利信科技股份有限公司 董事会审计委员会对会计师事务所 2024 年度履职情况评估 及履行监督职责情况的报告 重庆美利信科技股份有限公司（以下简称"公司"）董事会审计委员会（以下 简称"审计委员会"）根据《中华人民共和国公司法》《中华人民共和国证券法》 《上市公司治理准则》《国有企业、上市公司选聘会计师事务所管理办法》以及 公司《公司章程》《董事会审计委员会实施细则》等规定和要求，本着勤勉尽责 的原则，恪尽职守，认真履职。现将审计委员会对会计师事务所 2024 年度履职 评估及履行监督职责的情况汇报如下： 一、2024 年年审会计师事务所基本情况 （一）2024 年年审会计师事务所基本情况 天健会计师事务所（特殊普通合伙）（以下简称"天健会所"）成立于 2011 年 7 月，注册地址为浙江省杭州市西湖区灵隐街道西溪路 128 号，是我国首批具 有 A+H 股企业审计资质的全国性大型专业会计审计中介服务机构，具有丰富的 证券业务从业经验。截至 2024 年 12 月 31 日，天健会所有合伙人 241 人，注册 会计师 2,356 人，其中 904 人签署过证券服务业务审计报告。 （二）聘任会计师事务所履行 ...