换肤

主营介绍

  • 主营业务:

    新能源汽车车载电源的研发、生产、销售、技术服务。

  • 产品类型:

    车载DC/DC变换器、车载充电机、车载电源集成产品

  • 产品名称:

    车载DC/DC变换器 、 车载充电机 、 车载电源集成产品

  • 经营范围:

    电力电子技术、实时控制技术、网络化监控技术、电气系统类产品的技术研发和销售及其它相关产品的技术咨询服务(以上均不含限制项目);经营进出口业务(法律、法规禁止的项目除外、限制的项目须取得许可后方可经营);电动车车载充电机、电动汽车车用DC/DC变换器、LED路灯/室内灯、风力发电机控制器的生产与销售。

运营业务数据

最新公告日期:2024-04-26 
业务名称 2023-12-31 2022-12-31 2021-12-31 2020-12-31 2019-12-31
库存量:燃料电池相关产品(台) 374.00 - - - -
库存量:车载DC/DC变换器(台) 7388.00 - - - -
库存量:车载充电机(台) 1.26万 - - - -
库存量:车载电源集成产品(台) 3.51万 - - - -
燃料电池相关产品库存量(台) - 270.00 158.00 - -
车载DC/DC变换器库存量(台) - 8536.00 1.09万 2.05万 1.77万
车载充电机库存量(台) - 1.80万 1.85万 2.39万 2.44万
车载电源集成产品库存量(台) - 8.32万 1.11万 1.06万 1.15万

主营构成分析

报告期
报告期

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营业收入 X

单位(%) 单位(万元)
业务名称 营业收入(元) 收入比例 营业成本(元) 成本比例 主营利润(元) 利润比例 毛利率
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注:通常在中报、年报时披露 

主要客户及供应商

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前5大客户:共销售了10.42亿元,占营业收入的73.50%
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客户名称 销售额(元) 占比
第一名
3.31亿 23.37%
第二名
2.16亿 15.22%
第三名
2.12亿 14.97%
第四名
1.85亿 13.09%
第五名
9719.05万 6.85%
前5大供应商:共采购了3.61亿元,占总采购额的32.81%
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供应商名称 采购额(元) 占比
第一名
1.54亿 13.98%
第二名
6139.09万 5.58%
第三名
5831.66万 5.30%
第四名
4543.25万 4.13%
第五名
4196.08万 3.82%
前5大客户:共销售了11.50亿元,占营业收入的75.90%
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客户名称 销售额(元) 占比
第一名
4.91亿 32.42%
第二名
2.63亿 17.34%
第三名
2.29亿 15.12%
第四名
1.11亿 7.31%
第五名
5616.83万 3.71%
前5大供应商:共采购了5.86亿元,占总采购额的41.41%
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供应商名称 采购额(元) 占比
第一名
1.81亿 12.79%
第二名
1.51亿 10.65%
第三名
1.13亿 8.00%
第四名
8727.65万 6.17%
第五名
5381.66万 3.80%
前5大客户:共销售了5.48亿元,占营业收入的58.68%
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客户名称 销售额(元) 占比
第一名
2.57亿 27.49%
第二名
1.00亿 10.72%
第三名
9609.02万 10.28%
第四名
4954.45万 5.30%
第五名
4570.28万 4.89%
前5大供应商:共采购了2.62亿元,占总采购额的35.75%
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供应商名称 采购额(元) 占比
第一名
8336.96万 11.39%
第二名
6046.66万 8.26%
第三名
5242.99万 7.16%
第四名
3885.32万 5.31%
第五名
2656.41万 3.63%
前5大客户:共销售了2.03亿元,占营业收入的57.36%
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客户名称 销售额(元) 占比
第一名
8093.57万 22.88%
第二名
3738.11万 10.57%
第三名
3448.01万 9.75%
第四名
3251.36万 9.19%
第五名
1755.26万 4.96%
前5大供应商:共采购了1.10亿元,占总采购额的34.86%
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供应商名称 采购额(元) 占比
第一名
2734.36万 8.69%
第二名
2702.73万 8.59%
第三名
2404.51万 7.65%
第四名
1868.34万 5.94%
第五名
1253.16万 3.98%
前5大客户:共销售了3.35亿元,占营业收入的56.22%
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客户名称 销售额(元) 占比
第一名
1.22亿 20.51%
第二名
7447.11万 12.49%
第三名
4845.24万 8.15%
第四名
4583.80万 7.68%
第五名
4410.40万 7.39%
前5大供应商:共采购了1.53亿元,占总采购额的39.26%
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供应商名称 采购额(元) 占比
第一名
4335.79万 11.14%
第二名
3549.08万 9.12%
第三名
2712.62万 6.97%
第四名
2676.26万 6.88%
第五名
2003.55万 5.15%

董事会经营评述

  一、报告期内公司所处行业情况  公司需遵守《深圳证券交易所上市公司自律监管指引第3号——行业信息披露》中的“汽车制造相关业务”的披露要求(一)行业基本情况及发展阶段  公司所处的汽车零部件及配件制造行业与新能源汽车行业密切相关。新能源汽车行业属于国家重点鼓励发展的行业,是我国七大战略性新兴产业之一,是我国汽车产业弯道超车的关键所在。据中国汽车工业协会统计分析,在政策和市场的双重作用下,新能源汽车持续快速增长。2023年,新能源汽车产销分别完成958.7万辆和949.5万辆,同比分别增长35.8%和37.9%,市场占有率达到31.6%。其中,插电式混合动力汽车销量增长迅速,2023年销量达2... 查看全部▼

  一、报告期内公司所处行业情况
  公司需遵守《深圳证券交易所上市公司自律监管指引第3号——行业信息披露》中的“汽车制造相关业务”的披露要求(一)行业基本情况及发展阶段
  公司所处的汽车零部件及配件制造行业与新能源汽车行业密切相关。新能源汽车行业属于国家重点鼓励发展的行业,是我国七大战略性新兴产业之一,是我国汽车产业弯道超车的关键所在。据中国汽车工业协会统计分析,在政策和市场的双重作用下,新能源汽车持续快速增长。2023年,新能源汽车产销分别完成958.7万辆和949.5万辆,同比分别增长35.8%和37.9%,市场占有率达到31.6%。其中,插电式混合动力汽车销量增长迅速,2023年销量达280.4万辆,同比增长84.7%;纯电动新能源汽车销量668.5万辆,同比增长24.6%。
  (二)行业周期性特点
  汽车零部件制造行业与汽车行业密切相关,而汽车行业与国民经济的发展存在紧密的联动关系,因此我国新能源汽车零部件制造产业受国民经济、下游汽车行业波动的影响。当经济处于上行阶段时,汽车行业发展迅速,汽车产销量的增长可带动汽车零部件产销量的增加;反之,当经济处于下行阶段时,汽车行业发展放缓,进而影响零部件行业的发展。
  (三)行业地位情况
  公司是国内最早从事车载电源产品研发、生产、销售和服务的企业之一,已在业务实践与拓展中积累了丰富的行业经验和优质客户资源,并确立了车载电源领域的优势地位。报告期内,公司继续推行“品牌向上”的战略,持续积累优质客户资源,主要客户包括比亚迪、吉利汽车、北汽新能源、江淮汽车、小鹏汽车、长城汽车、理想汽车等国内知名整车厂商,还逐步批量配套本田、现代、奔驰、沃尔沃等国际整车厂商。公司稳步推进开拓市场的规划,立足国内客户,进一步拓展合资品牌,逐步进入国外市场。同时,公司参与多家整车厂商的氢燃料电池专用产品项目,并取得良好稳定的合作关系,为后续氢燃料电池产品配套储备了良好的客户资源。
  
  二、报告期内公司从事的主要业务
  公司需遵守《深圳证券交易所上市公司自律监管指引第3号——行业信息披露》中的“汽车制造相关业务”的披露要求1、新能源汽车业务概述
  新能源汽车业务的核心产品是车载零部件,包括车载充电机OBC,车载DC/DC变换器两个车载电源产品及以车载充电机OBC、车载DC/DC变换器为核心,集成了功率分配单元PDU或其它控制器模块的三合一或多合一高压电控系统级产品。
  新能源汽车是指采用新型动力系统,完全或主要依靠新型能源驱动的汽车,主要包括纯电动汽车、插电式混合动力汽车、增程式汽车。与传统汽车相比较,新能源汽车增加了三大核心部件,分别是:“电池”总成:指电池和电池管理系统;“电机”总成:指电动机和电动机控制器;高压“电控”总成:包含车载充电机、车载DC/DC变换器、车载加热器、电动压缩机、无线充电模块和其他高压部件,其中车载充电机OBC和车载DC/DC变换器为系统的核心模块。
  2、氢能与燃料电池业务概述
  氢能与燃料电池业务的核心产品主要为大功率DC/DC变换器产品(行业常规命名为DCF),以DCF为核心的辅助电驱、电源模块,及高压配电模块组成的系统总成类产品。产品可广泛应用于燃料电池乘用车、客车、专用车(中卡、重卡等)和燃料电池机车等。
  氢燃料电池是将氢气和氧气的化学能直接转换成电能的发电装置,可应用于道路交通、轨道交通、船舶运输、航空航天、工程机械等场景。
  3、高端装备制造业务概述
  公司凭借在大功率电力电子产品开发上所取得的技术领先成果和行业经验积累,以及多年全碳化硅的产品应用经验,全新开拓高端装备制造业务板块。
  高端装备制造业的核心产品是地面装备,包括大功率直流充电桩模块、地面直流超级充电桩系统产品,公司产品可广泛应用于所有纯电动、插电式混动汽车的快速充电,及光伏储能,将覆盖轨道交通、新能源产业、工程装备等领域。
  4、公司主要产品及用途
  公司主要生产车载DC/DC变换器、车载充电机、高压“电控”总成、大功率充电产品以及氢能与燃料电池汽车专用产品DCF等。
  备注:以上硬件产品包含以汽车行业Autosar架构为基础的嵌入式软件,以及适应智能网联汽车行业的信息安全模块。
  5、公司经营模式
  (1)生产模式
  公司生产模式主要分两类:一类是按订单进行产品生产。因车载电源产品具有定制化特点,公司严格按照客户所提供的产品参数特性、结构要求等标准进行产品的研发设计、实验测试、物料采购、定制化生产。第二类是部分通用性强、生产周期长的关键部件按照客户需求及合理预测进行先期储备生产。因产品生产中所需的部分核心部件生产周期长,为防止出现客户下订单后不能及时生产交货的情况,由计划物流中心提前收集客户需求,然后结合客户需求及内部资源,合理预测安排生产活动。
  公司产品具体生产控制流程如下:
  首先公司客户计划部将订单进行评审后,将其提交给研发部;研发部根据订单上的具体要求研发设计产品,并通过DV、PV测试和主机厂装车实验合格后形成产品生产所需的物料清单,并将其提交给计划物控部;计划物控部根据物料清单制定物料需求计划,并下达采购申请单给物料供应部;物料供应部根据采购申请单下达采购订单,并将物料交期回复给计划物控部,由计划物控部确定物料是否满足生产计划要求。若物料采购交期能够满足生产计划交付要求,则由计划物控部编制主生产计划,该生产计划下达给制造中心。制造中心执行生产计划,完成生产任务。产品生产完成后,由仓储物流部按照需求及时办理产品入库出库手续。
  (2)销售模式
  公司的销售模式是直销。目前公司的客户主要是新能源汽车整车厂商和整车厂商的集成供应商。公司通过为客户提供平台化产品方案、定制化产品方案、联合开发等多种形式获取订单。
  依据与客户的合作模式,公司每年度/每半年度/每季度与客户进行谈判,签订年度/半年度/季度等一揽子框架销售合同。框架销售合同只是确定供应关系,一般没有具体供货数据,客户不定期地向公司下达具体的采购订单或计划,公司根据客户下发的具体订单或装车计划等进行生产。公司产品订单交付和调试的整个销售过程均由公司销售和技术服务人员提供全面服务与技术支持。
  目前公司产品销售以国内市场为主。在国内市场,公司根据客户的业务特点、资金实力、信誉度、双方合作情况等方面进行综合评估,为客户采取不同的销售结算模式,分别为收取全额/部分预付款、款到发货以及票到月结30天到90天的信用结算方式。由于公司产品一般根据新能源汽车整车企业的不同车型定制生产,主要产品的定价机制是:由公司与客户在综合考虑基准价格、非标产品再开发、客户采购数量及金额、与客户合作关系、市场竞争态势等因素的基础上协商确定。
  (3)采购模式
  首先由计划物控部根据客户订单或相关需求(包括客户预测、内部样机需求等)在SAP系统中制订物料需求计划;物料供应部根据物料需求计划在系统下推订单,订单在系统进行内部审批,审核完成后由MES系统发送给供应商。供应商在MES系统收到订购单后打印回签订单,然后依照公司的需求计划进行备料生产,并按MES管控要求交货,并在MES系统打印条码、送货单。仓储部依据供应商送货单暂收货物,在MES系统做收料通知。然后由公司品质保证中心供应商质量管理部依《材料验收标准》执行进料检验,检验合格的物料办理入库;验收不合格的物料由物料供应部通知供应商退货。
  为了保证原材料渠道通畅、质量稳定以及成本的优化,公司建立了《供应商规划表》,对现有合格供应商分等级进行管理,以质量和成本以及交付能力为依据对供应商做绩效评价分级,使得前期开发时候就能选择优质供应商进行开发,降低成本,规避品质和交付风险。此外,对供应商引进的标准按欧洲车规VDA6.3进行要求,同时明确供应商淘汰制度,使得整体供应链在有序的管理中不断得到更新和加强。
  (4)研发模式
  公司采用“欣锐DFx产品开发流程”,一个全面且系统化的研发模式。该模式涵盖项目从初始概念到市场投放的每个关键阶段,确保产品质量和项目效率。通过三级评审体系,保证每个交付阶段的高质量标准和最终的项目成果。开发流程包括六个主要阶段:RFQ、原理样机、A样、B样、C样、SOP。
  1)RFQ阶段:项目前期阶段,主要对项目定点信息进行确认、明确项目开发团队,确定项目目标,如需求范围、成本目标、技术方案、开发计划、资源匹配度等,并完成对市场可行性的分析,包括不限于产品收益、订单、战略等内容,经过充分的评估后完成项目立项。
  2)原理样阶段:研发项目团队按照《客户SOR(需求规格书)》、《客户特殊特性要求》及系统产品知识库、国家标准、行业标准、企业标准等开发资料输入进行设计开发进行系统性开发工作,依据公司内部定义的原理样阶段工作要求,开展项目过程交付,包括不限于识别平台技术偏离,明确技术方案,完成专利分析,进行功能安全设计,完成DFMEA(设计失效模式与影响分析)等相关工作;项目团队根据项目经理制定的开发计划,有序实施研发任务,定期审视开发进展,并识别过程风险,达到项目目标。在该阶段,样机基本满足原理设计要求,电性能满足要求,安规EMC(电磁兼容性)方案完成部分导入。
  3)A样阶段:项目团队按照项目计划实施项目开发,完成DV验证(设计验证),完成设计冻结;该阶段要求样机性能能完全满足客户要求或设计要求,可用于DV验证(设计验证)和整车产品验证;同时,项目团队需要明确供应链相关信息,如风险物料、新增物料、定制件供应商定点信息等内容。NPI(新产品导入部)需要开展准备工作,如明确工装夹具、冶具清单、标准作业指导书SOP等。
  4)B样阶段:项目团队按照项目计划实施项目开发,完成PV验证(产品验证),完成过程冻结;该阶段要求样机在满足客户要求或设计要求外,需要匹配整车要求,可用于PV验证(产品验证)和第三方认证;项目团队完成样机交付计划同时获得客户OTS(模具样件)承认;NPI(新产品导入部)在该阶段对产品的转量产进行工艺过程设计及控制能力的范围进行确认和验证,建立PFMEA(潜在失效模式及影响分析)和生产控制计划,召集相关项目小组成员进行制造过程设计输入的评审工作。分配工程部制定测量系统分析计划,品保部制定初始过程能力研究计划,在PV(产品验证)测试通过后,收集本阶段的输出文件,作为过程设计和开发阶段评审会的输入文件,并召开会议进行转量产交接评审。
  5)C样阶段:项目团队按照项目计划实施小批量验证,进行量产爬坡,达到量产条件;在该阶段量产线达到和满足小批量生产状态和条件,逐步达到全量产条件;获得客户PPAP批准(生产件批准程序)和客户PSW(零件提交保证书)。
  6)SOP阶段:项目团队按照项目计划,通过量产爬坡,达到量产条件,进入量产阶段;该阶段计划物控部依据客户订单编制《生产计划》,由品保部采用控制图和其他统计技术等工具来识别过程变差,进行过程分析并采取纠正措施来减少过程的变差。品保部跟踪客户产品质量表现和服务输出《顾客满意度调查表》。技术服务部提供现场技术培训和服务。
  6、公司产能利用情况
  同比变化30%以上的原因说明
  报告期内,新能源汽车继续保持快速增长,公司车载DC/DC变换器、车载电源集成产品在销售量方面顺应行业发展呈现增长,在生产量方面受公司设备增加及产线自动化升级影响均同比增加;车载充电机受客户需求调整,销量产量均出现下滑。
  零部件销售模式
  公司的销售模式是直销。目前公司的客户主要是新能源汽车整车厂商和整车厂商的集成供应商。公司通过为客户提供平台化产品方案、定制化产品方案、联合开发等多种形式获取订单。
  依据与客户的合作模式,公司每年度/每半年度/每季度与客户进行谈判,签订年度/半年度/季度等一揽子框架销售合同。框架销售合同只是确定供应关系,一般没有具体供货数据,客户不定期地向公司下达具体的采购订单或计划,公司根据客户下发的具体订单或装车计划等进行生产。公司产品订单交付和调试的整个销售过程均由公司销售和技术服务人员提供全面服务与技术支持。
  目前公司产品销售以国内市场为主。在国内市场,公司根据客户的业务特点、资金实力、信誉度、双方合作情况等方面进行综合评估,为客户采取不同的销售结算模式,分别为收取全额/部分预付款、款到发货以及票到月结30天到90天的信用结算方式。由于公司产品一般根据新能源汽车整车企业的不同车型定制生产,主要产品的定价机制是:由公司与客户在综合考虑基准价格、非标产品再开发、客户采购数量及金额、与客户合作关系、市场竞争态势等因素的基础上协商确定。
  
  三、核心竞争力分析
  公司需遵守《深圳证券交易所上市公司自律监管指引第3号——行业信息披露》中的“汽车制造相关业务”的披露要求国内车载电源产品的研发设计始于21世纪初的“863”计划,从一年一款新能源汽车,到“十城千辆”示范项目实施,直至2012年我国新能源汽车产业规划出台,以及新能源产业政策的积极推动和电动汽车技术的快速发展,国内企业才开始车载电源产品的产业化阶段发展。国内车载电源生产企业,在技术和生产工艺表现出了一定的创新能力,经历了上一轮公共出行车辆为主导的市场充分洗牌,仅有少数企业形成了汽车级制造中心并能进行规模化生产。整个车载电源行业尚未形成统一的标准化生产工艺及国家级产品标准,仅由部分企业提出了企业标准。公司在近二十年的发展历程中积累了自身的核心竞争力优势:
  (1)深厚的技术研发优势
  公司拥有强大的研发团队,研究成果丰厚,产品升级换代快,研发能力受到国家认可。公司及控股子公司拥有新能源汽车车载电源的全部自主知识产权。在知识产权领域,目前拥有发明专利101项、实用新型专利488项、外观设计35项、软件著作权465项,专利及软件著作权数量居行业前列。公司专利“一种磁芯、集成磁元件、有源钳位反正激电路及开关电源”获得国家级“中国专利优秀奖”称号。
  公司是“国家高新技术企业”、“广东省知识产权示范企业”、“国家知识产权优势企业”,还是“广东省工程技术研究中心”、“深圳市企业技术中心”、“深圳市工程研究中心”、“绿色通道企业”,公司测试中心获得中国合格评定国家认可委员会颁发的CNAS实验室认可证书。公司在功能安全开发的流程体系通过汽车电子功能安全最高等级ASILD认证,全方位覆盖汽车级零部件的全生命周期的安全管理流程,达到汽车级功能安全标准。2023年,公司软件开发管理通过ASPICE能力3级认证(目前国内汽车行业在ASPICE评估上取得的最高评级),此外,公司获颁ISO/SAE21434汽车网络安全管理ML3证书(全国第5张),标志着公司的产品不仅符合网络安全国际标准,且走在行业乃至全球前列。报告期内,公司获得再次获评“南山区总部企业”;公司全资子公司武汉欣锐获得国家高新技术企业证书并被湖北省经济和信息化厅认定为湖北省第五批专精特新中小企业,进一步体现公司整体的研发实力。
  (2)客户资源优势
  公司立足于新能源汽车车载电源的创新技术研发和产业化能力,从汽车整车厂商开发新车型之初即开始针对车载电源解决方案进行合作,从而开发出具有针对性、符合其整车设计的车载电源解决方案,并最终成为其供应商。公司坚定执行“品牌向上”战略,目前合作的主要客户包括:比亚迪、吉利、小鹏、极氪、本田、现代、理想、奔驰、沃尔沃等主机厂客户。公司已获得比亚迪“2021年度特别贡献奖”、广汽本田“2021年度ENG领域优秀合作奖”、盖世汽车2022年“OBC&DC/DC优质供应商”称号、财联社“2022年度最具投资价值新能源企业奖”等。报告期内,公司获得捷氢科技“2022年度杰出合作奖”,小鹏汽车“商务伙伴奖”及“技术贡献奖”、吉利汽车“最佳价值贡献奖”、科林空调“优秀创新奖”、上汽通用“2023年技术创领奖”。
  (3)产品质量优势
  公司自成立以来,始终坚持以质量为生命的经营管理原则,以全面质量管理为理念,在执行“四大工艺、十六个工序、九道质量门”的基础上,建立并实施IATF16949及VDA6.3的汽车级车载电源专业化制造体系,取得了IATF16949:2016证书(汽车质量管理体系)。同时,公司关爱员工的职业健康和安全、注重环境保护、积极履行社会责任,取得了ISO45001:2018证书(职业健康安全管理体系)、ISO 14001:2015证书(环境管理体系)、IECQQC080000:2017证书(有害物质过程管理体系)、SA8000:2014(社会责任管理体系)等。公司从产品原理设计、元器件选型、样机生产及量产上均严格按照汽车级要求进行,产品开发均经过专业的性能测试、可靠性测试、安全测试、及整车兼容性测试等。
  为快速提升公司质量管理,公司在执行先期质量管理、自动化制造、生产设备物联网以及管理平台开发与实施(MES-II)的基础上,不断引入更专业化的检测设备来保证检测与测试能力和生产效率。公司全面实施MES-II制造执行系统、自动化,包括在仓库和生产线领域利用条码扫描和RF(射频)无线数据实时传输,实现数字化仓库管理;对生产全过程中关键工序进行防呆防错式的严格管控,有力地保障了质量控制举措的有效落地和关键设备互联互通,实现在线化、自动化测试和设备控制;对生产进度及质量状况进行实时监控,并可实现物料及产品的全程可追溯;通过生产过程持续改进监督和评估、产品生命周期的质量跟踪、RMA(退料审查)管理等,实现高效的流程化运作,确保产品质量和优质的售后服务。报告期内,公司获得智能制造能力成熟度标准符合性证书(叁级),标志着公司符合GB/T 39116-2020、GB/T 39117-2020国家标准,达到智能制造能力成熟度等级叁级。
  (4)行业经验优势
  公司是最早一批从事车载电源产品研发、生产、销售和服务的企业之一,历经近二十年的发展,已在业务实践与拓展中积累了丰富的行业经验。同时,公司于2013年正式将科锐(CREE,现更名为Wolfspeed)的碳化硅(SiC)方案正式应用于车载电源产品中,具备丰富的硬件工程能力。经过多年运营,聚集了一批高素质、经验丰富、充满激情的研发、营销与管理人才。公司董事长兼总经理吴壬华博士是一位在电力电子业界有二十余年的研发、市场和管理经验的资深专家。公司主要高级管理人员长期在电力电子行业内从事科研、营销或管理工作,具有扎实的专业知识和丰富的管理经验,能够及时准确地把握电力电子技术领域的技术发展方向,引领公司走在行业的前列。
  
  四、主营业务分析
  1、概述
  公司实现营业收入141,735.75万元,同比减少6.46%;实现归属于母公司所有者的净利润为-16,952.08万元,同比减少509.29%。报告期末,公司总资产381,548.08万元,较期初增加25.94%,归属于母公司所有者权益245,338.66万元,较期初增长104.11%。
  根据中国汽车工业协会数据,2023年,新能源汽车继续保持快速增长,新能源汽车产销分别完成958.7万辆和949.5万辆,同比分别增长35.8%和37.9%,市场占有率达到31.6%。公司受客户信用风险变化、部分产品降价、订单结构出现短时波动等偶发因素影响,业绩出现下滑。报告期内,公司收入同比下降9,796万元,毛利率同比下降0.73%,导致毛利同比减少2,379万元;因部分客户信用风险提高,公司补计提了坏账准备导致信用减值损失同比增加3,389万元;由于产品售价下降,导致存货跌价准备同比增加2,132万元;受人工成本的上升,市场竞争激烈以及供应商呆滞料赔偿等事项影响,销售费用、管理费用、研发费用同比上涨4,644万元;此外,其他收益同比减少2,133万元,其中软件退税减少1,294万元,政府补助减少839万元。
  虽然在2023年受新能源汽车市场价格竞争影响,公司严格遵守汽车产品开发时长的管理控制要求,无法满足客户提前切换的需要,营收规模增长受到一定影响,但新一代产品已经如期实现切换,公司通过技术创新能力,不断迭代产品、拓展客户。截至目前,公司已获得新增多个项目定点,定点项目覆盖国内外已经服务和新拓展服务的多个主机厂客户。2024年公司持续推进“品牌向上”战略,通过内部组织架构调整等方式提升团队能力,加强精细化管理能力,不断提高公司运营决策效率,此外,积极拓展海外市场,推进业务全球化发展,提升盈利能力。
  
  五、公司未来发展的展望
  (一)公司发展战略
  公司秉承“成为全球电力电子行业领导者”的发展愿景,坚定“客户至上、锐意进取、协同创新、追求卓越”的核心价值观,以“品牌向上”为公司发展战略,聚焦战略客户,服务优质项目,形成以深圳、上海两地为核心的“双核心”运营布局,并按照现代企业制度进一步规范企业管理,以“为客户、员工、企业和社会创造价值”为经营理念,持续保持核心技术的领先水平,依托高频开关电源及相关电力电子技术平台,将硬件产品与软件服务相结合,为客户提供完整的、优质的解决方案,以持续的自主技术创新为动力、以优异的产品品质为支撑,不断拓展应用领域、优化产品结构,努力成为全球电力电子行业领导者。
  (二)2024年度经营计划
  公司将坚持自主技术创新,围绕客户需求构建具有优势的产品力与服务体系,全面提升企业综合实力,努力成为全球电力电子行业领导者。为实现公司年度经营目标,做出如下重点实施计划:
  1、技术开发与创新计划
  公司将根据市场发展趋势、下游客户需求和主要竞争对手动态合理规划,有计划、有目的、有步骤的进行技术开发和创新。公司将着重提升内部研发能力,持续增加技术研发的投入,进行生产工艺改进,开发高附加值的新产品,保证公司产品的竞争优势和可持续发展;公司还将重点完善公司研发管理体系与研发激励机制,加大对技术研发人员研发和创新成果的激励,同时引进更多专业人才,保持公司技术研发队伍的活力与创新能力。此外,公司将充分利用外部资源,与华南理工大学、北京理工大学等知名院校开展科研项目合作,实现研发体系的外部化,充分整合各类资源,为公司不断创新提供活力。
  2、人力资源管理建设计划
  公司将努力建立与业务战略相配称的人力资源开发与管理职能团队,以企业发展战略为导向,重点把握招聘甄选、人才培育、人员配置、绩效评估、员工激励、员工关怀等关键环节,提升公司人力资源开发与管理的能力,发挥人才对企业发展的重要支撑作用,以实现人才与公司的共同成长。
  3、市场开发计划
  巩固和扩大公司现已占有的市场份额,抓住国内外市场对车载电源等新能源汽车核心零部件需求增多的有利时机,积极扩充产品线,拓展产品应用领域。同时公司将继续深入和下游知名新能源整车厂及集成商的合作,积极配合下游需求进行区位布局,发挥公司的研发和创新能力及成本优势,与客户建立持久稳固的合作关系。
  4、投资计划
  公司根据发展战略的规划,制定了未来几年的项目投资计划包括新能源车载电源自动化产线升级改造项目、新能源车载电源智能化生产建设项目与总部基地及研发中心建设项目,进一步优化公司的产品结构,提升技术实力,实现高端制造、智能化管理。通过上述项目投资计划公司将进一步形成以深圳、上海两地为核心的“双核心”运营布局,分别建立产品研发、生产基地,更好地覆盖华东市场和辐射全国,提升公司综合竞争力。
  5、品牌管理规划
  公司将积极树立公司品牌核心竞争力,在品牌建设和市场营销网络建设方面不断加大投入,建立适应市场的快速反应机制,不断增强公司的产品竞争力和品牌竞争力,努力在市场上提高公司品牌知名度,在激烈的市场竞争中占据有利地位。
  (三)实施上述计划面临的主要制约因素
  1、资金瓶颈
  公司未来发展计划的实现,需要大量的资金投入作保障。如果维持公司快速发展所需的资金来源得不到充分保障,将影响到上述目标的实现以及后续公司的长期发展。
  2、管理能力的制约
  随着公司上市、募集资金运用和经营规模的扩大对公司经营管理、组织设计、财务规划以及人力资源配置等提出更高要求,公司在战略规划、运营管理和内部控制等方面的管理能力将面临更大挑战。
  (四)对公司未来发展战略和经营目标的实现可能产生不利影响的风险因素
  1、市场与经营风险
  (1)下游客户相对集中风险
  报告期内,公司对前五大客户的销售额占营业收入的比重相对较高,主要原因系公司主要客户为新能源汽车主机厂,新能源汽车行业本身集中度较高,行业竞争格局基本奠定,头部效应凸显,导致公司客户相对集中。若未来公司客户主要车型销量低于预期,将对公司的销售额产生直接影响,或者未来公司客户出现经营不利的情况,可能会造成公司货款回收逾期、销售毛利率下降等问题。
  公司将在服务好现有客户的同时,积极拓展氢能与燃料电池业务及高端装备制造业务相关领域的客户,优化客户结构,降低客户相对集中带来的风险。
  (2)市场竞争风险
  近年来我国新能源汽车行业的迅速发展,带动了新能源汽车关键零部件车载电源行业的大幅增长。随着规模业绩增长的吸引,陆续增加了一批新的市场进入者,行业市场竞争逐渐加剧。虽然本行业具有较高进入壁垒,相关企业需具备一定的技术与工艺水平、资金规模、专业技术人才以及稳定的客户才能立足,但不排除其他具有类似生产经验的国内外企业进入本行业;此外现有竞争对手也可能通过加大投资力度,不断渗透到公司优势领域。如果公司不能持续提升技术水平、增强创新能力、扩大产能规模和提高经营管理效率,则可能在市场竞争中处于不利地位,对生产经营产生重大影响。
  (3)技术创新风险
  新能源汽车车载电源行业属于知识与技术密集型产业,具有技术升级与产品更新换代迅速的特点。为了保持竞争优势,公司必须不断完善技术研发、技术创新体系,提高自主创新能力,同时紧跟行业技术发展趋势,把握产品和技术研发方向,让技术研发面向市场,及时根据市场变化和客户需求推出新产品和解决方案,保障技术的创新性和领先性。
  公司经过多年的技术积累和创新,拥有多项自主知识产权,获得多项专利和软件著作权,形成了多项具有自主知识产权的技术解决方案和软硬件产品,并积累了丰富的项目实施经验。技术优势是公司在行业竞争中获得有利地位的重要保障。但随着行业技术的发展和革新,如果公司无法持续在技术上取得突破、保持技术优势,保障公司技术的持续进步与新技术在产品中的应用,将存在技术竞争优势被削弱的风险。
  (4)业务管理风险
  近年来公司的业务规模不断拓展,业务范围也不断扩大,组织结构日益复杂,一定程度上加大了公司经营决策和控制风险的难度。目前公司管理制度不断完善,已经形成了较为健全的公司治理体系,并在实际执行中运作良好。此外,公司还注重人才的选拔、考评、晋升、激励和培养,防止关键人才流失。
  随着公司主营业务拓展和经营规模扩大,公司净资产规模将大幅增加,经营规模将进一步扩大,将对公司的战略规划、组织机构、内部控制、运营管理、财务管理等提出更高要求。如公司不能结合实际情况适时调整和优化管理体系,将可能影响自身的长远发展,公司将面临管理风险。
  2、财务风险
  (1)应收账款回收风险
  公司应收账款客户主要为整车制造厂商,与公司合作时间较长,信誉度以及资金实力较强,但由于新能源汽车行业竞争激烈,部分整车厂商客户资金周转需求较大、资金困难等情形,导致公司应收账款回款较慢,同时上游供应商的货款需要及时支付,因此公司应收账款的回收风险在报告期内进一步加剧。如公司不能及时识别客户风险,不能及时收回应收账款,将影响公司的现金流,增加流动资金压力,影响经营规模持续增长。
  公司将加强应收账款管理,重点关注并监测客户的资信状况,加强风险预警。针对可能存在的不良应收账款,及时启动内外部应收账款回收措施,将影响降到最低。
  (2)原材料价格波动的风险
  公司产品原材料主要由标准器件(半导体类部品、电气类部品、电容类部品、电阻类部品、连接类部品及辅助材料等)、定制类器件(磁性元件、结构部品、五金&压铸部品、PCB板、连接线束、包装及密封材料等)和指定类物料(由客户指定供应规格型号及供应渠道的物料)组成。多变复杂的因素将导致公司原材料价格存在波动的风险。
  公司将积极扩展采购途径和渠道,建设安全的全球供应链和关键零部件供应链,提前储备通用物料的合理库存,减少供应链原因可能对生产经营产生的不利影响。
  (3)车载电源产品销售单价下降风险
  随着国家新能源汽车补贴标准的大幅度退坡,假定新能源汽车同一车型终端销售价格不发生大的变化,在补贴下调的情况下则整车厂单车生产利润将有所下滑。为保障其自身的利润,整车厂商通过降低零部件采购价格来降低成本,将补贴调整带来的风险向行业上游的零部件厂商转移。如果公司在产品开发、技术更新或市场营销方面跟不上市场变化,不能有效降低成本,则车载电源产品销售单价下降将对公司经营业绩产生不利影响。
  (4)毛利率及业绩下降风险
  随着公司经营规模和产品领域的扩大,行业发展趋势的变化、外部竞争环境的变化、公司客户结构变化、产品价格下降、原材料和能源价格上升、人工成本上升、研发支出增加、国家政策变化、扩产建设进度变化和安全生产风险等导致的不确定因素不断增多,公司存在未来业绩不能维持较快增长速度、业绩波动的风险。
  公司毛利率水平的波动,主要受原材料价格、产品售价、产品单位成本、销售结构变动及汇率波动影响所致。受新能源汽车国家补贴退坡及整车厂商向供应商转移降价压力等因素影响,预计未来行业总体毛利率水平将存在下降的可能性。若未来公司不能良好应对产品毛利率下降风险,而又未能通过开发新产品及新客户来拓展业务空间,则公司可能存在业绩下滑的风险。
  公司将坚持发挥研发和创新能力的核心竞争力,不断推出更具有竞争力的产品,以技术领先及规模效应的方式保持产品毛利率的相对稳定。 收起▲

产品价格

数据截至(20240726)
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