换肤

维科精密

i问董秘
企业号

301499

主营介绍

  • 主营业务:

    汽车电子精密零部件、非汽车连接器及零部件和精密模具的研发、生产和销售。

  • 产品类型:

    动力系统零部件、底盘系统零部件、汽车连接器及零部件、精密模具及备件、汽车电子-其他

  • 产品名称:

    动力系统零部件 、 底盘系统零部件 、 汽车连接器及零部件 、 精密模具及备件 、 汽车电子-其他

  • 经营范围:

    生产精密新型电子元器件、相关电子连接器及精密模具,汽车零部件及配件研发制造,新能源汽车电附件销售,智能基础制造装备制造,工业自动控制系统装置制造,销售公司自产产品,提供相关技术咨询服务。【须依法经批准的项目,经相关部门批准后方可开展经营活动】

运营业务数据

最新公告日期:2026-04-29 
业务名称 2025-12-31 2024-12-31 2023-12-31
库存量:汽车零部件制造(件) 6501.26万 6949.36万 6301.68万
库存量:非汽车连接器及部件(件) 1183.29万 1019.97万 779.21万

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6.72亿元,占营业收入的69.82%
  • 联合电子
  • 客户2
  • 客户3
  • 客户4
  • 客户5
  • 其他
客户名称 销售额(元) 占比
联合电子
3.19亿 33.09%
客户2
1.89亿 19.59%
客户3
8190.84万 8.51%
客户4
4693.18万 4.87%
客户5
3616.16万 3.76%
前5大供应商:共采购了2.13亿元,占总采购额的37.38%
  • 供应商1
  • 供应商2
  • 供应商3
  • 供应商4
  • 供应商5
  • 其他
供应商名称 采购额(元) 占比
供应商1
5459.77万 9.56%
供应商2
4482.10万 7.85%
供应商3
4098.53万 7.18%
供应商4
3997.42万 7.00%
供应商5
3302.95万 5.79%
前5大客户:共销售了6.11亿元,占营业收入的72.43%
  • 客户1
  • 客户2
  • 客户3
  • 客户4
  • 客户5
  • 其他
客户名称 销售额(元) 占比
客户1
2.90亿 34.42%
客户2
1.86亿 22.04%
客户3
6185.99万 7.34%
客户4
4213.18万 5.00%
客户5
3058.93万 3.63%
前5大供应商:共采购了1.65亿元,占总采购额的32.52%
  • 供应商1
  • 供应商2
  • 供应商3
  • 供应商4
  • 供应商5
  • 其他
供应商名称 采购额(元) 占比
供应商1
4566.81万 9.00%
供应商2
3309.55万 6.53%
供应商3
2877.47万 5.67%
供应商4
2876.77万 5.67%
供应商5
2867.01万 5.65%
前5大客户:共销售了6.06亿元,占营业收入的79.87%
  • 客户1
  • 客户2
  • 客户3
  • 客户4
  • 客户5
  • 其他
客户名称 销售额(元) 占比
客户1
2.92亿 38.47%
客户2
1.71亿 22.48%
客户3
6015.70万 7.93%
客户4
4326.45万 5.70%
客户5
4015.35万 5.29%
前5大供应商:共采购了1.47亿元,占总采购额的33.58%
  • 供应商1
  • 供应商2
  • 供应商3
  • 供应商4
  • 供应商5
  • 其他
供应商名称 采购额(元) 占比
供应商1
4830.46万 11.01%
供应商2
2821.15万 6.43%
供应商3
2694.12万 6.14%
供应商4
2563.55万 5.84%
供应商5
1825.99万 4.16%
前5大客户:共销售了5.77亿元,占营业收入的81.58%
  • 联合汽车电子有限公司
  • 博世动力总成有限公司与Robert Bo
  • 博格华纳(上海)汽车燃油系统有限公司与北
  • TE Connectivity Corp
  • 上海意力速电子工业有限公司
  • 其他
客户名称 销售额(元) 占比
联合汽车电子有限公司
2.92亿 41.25%
博世动力总成有限公司与Robert Bo
1.44亿 20.41%
博格华纳(上海)汽车燃油系统有限公司与北
6438.51万 9.11%
TE Connectivity Corp
5500.06万 7.78%
上海意力速电子工业有限公司
2138.34万 3.02%
前5大供应商:共采购了1.40亿元,占总采购额的38.53%
  • 大通(福建)新材料股份有限公司
  • 巴斯夫(中国)有限公司与巴斯夫国际贸易(
  • 益盟电子元器件(常州)有限公司
  • 维兰德金属(上海)有限公司
  • 苏州善德宸信贸易有限公司
  • 其他
供应商名称 采购额(元) 占比
大通(福建)新材料股份有限公司
4802.38万 13.20%
巴斯夫(中国)有限公司与巴斯夫国际贸易(
2983.88万 8.20%
益盟电子元器件(常州)有限公司
2489.93万 6.85%
维兰德金属(上海)有限公司
1946.50万 5.35%
苏州善德宸信贸易有限公司
1791.52万 4.93%
前5大客户:共销售了5.81亿元,占营业收入的85.53%
  • 联合汽车电子有限公司
  • 博世动力总成有限公司与Robert Bo
  • TE Connectivity Corp
  • 博格华纳(上海)汽车燃油系统有限公司与北
  • 安费诺(常州)高端连接器有限公司
  • 其他
客户名称 销售额(元) 占比
联合汽车电子有限公司
3.13亿 46.09%
博世动力总成有限公司与Robert Bo
1.34亿 19.79%
TE Connectivity Corp
5883.80万 8.66%
博格华纳(上海)汽车燃油系统有限公司与北
5503.97万 8.10%
安费诺(常州)高端连接器有限公司
1965.64万 2.89%
前5大供应商:共采购了1.47亿元,占总采购额的39.48%
  • 大通(福建)新材料股份有限公司
  • 益盟电子元器件(常州)有限公司
  • 巴斯夫(中国)有限公司与巴斯夫国际贸易(
  • 维兰德金属(上海)有限公司
  • 苏州利比金属制品有限公司
  • 其他
供应商名称 采购额(元) 占比
大通(福建)新材料股份有限公司
4699.86万 12.58%
益盟电子元器件(常州)有限公司
2903.23万 7.77%
巴斯夫(中国)有限公司与巴斯夫国际贸易(
2900.77万 7.77%
维兰德金属(上海)有限公司
2329.46万 6.24%
苏州利比金属制品有限公司
1913.26万 5.12%

董事会经营评述

  一、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
  公司拥有独立完整的采购、生产和销售系统,经过多年发展,已形成一整套完整高效的原材料采购、产品生产、新产品开发和销售模式。
  1.采购模式
  公司主要采用“以产定采”的采购策略。物流部根据客户订单或订单预测及库存情况,预测未来一定期间的原材料需求,提交采购申请。采购部完成审核后,向供应商提交采购订单,并持续跟踪进度直至货物交付。品质管理部负责原材料质量控制检验,检验合格后办理入库。
  2.生产模式
  公司生产模式以“以销定产”为主。汽车电子... 查看全部▼

  一、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
  公司拥有独立完整的采购、生产和销售系统,经过多年发展,已形成一整套完整高效的原材料采购、产品生产、新产品开发和销售模式。
  1.采购模式
  公司主要采用“以产定采”的采购策略。物流部根据客户订单或订单预测及库存情况,预测未来一定期间的原材料需求,提交采购申请。采购部完成审核后,向供应商提交采购订单,并持续跟踪进度直至货物交付。品质管理部负责原材料质量控制检验,检验合格后办理入库。
  2.生产模式
  公司生产模式以“以销定产”为主。汽车电子业务由于具备定制化特点,公司严格根据客户订单和订单预测安排生产。非汽车电子业务具备一定的通用性特点,公司生产计划以客户订单为主,同时根据预计客户采购情况适当备货。公司依照IATF16949:2016汽车质量管理体系设置并履行了一套生产管理体系,包括《生产管理程序》《质量手册》《不合格品控制程序》《安全生产责任制度》等内部控制制度。公司采用精益生产管理方式,不断优化管理模式,致力于降低生产成本,持续提升产品品质。
  3.销售模式
  公司采用直销模式向客户出售产品。公司注重现有客户的维护和新客户的开拓,通过行业展会、老客户推介、网络平台推介、主动拜访等方式开拓新客户,并通过比价或竞标方式取得新订单。公司需经客户对研发水平、生产管理、质量管理、制造能力等多环节的综合评审认证后,方可成为客户的合格供应商。在相关配套零部件进行批量生产前,公司还需履行严格的产品质量先期策划(APQP)和生产件批准程序(PPAP)。凭借严格的质量管理和领先的精密制造能力,公司通过满足客户研发、工艺、质量、技术、交付等方面的高要求,与国内外知名的一级汽车零部件供应商建立了长期稳定的合作关系。公司汽车电子产品多为平台项目产品,同一产品销售给客户后最终使用在不同整车厂商的不同车型上,产品具有一定的通用性,因此产品需求受特定车型的产销量影响较小。
  4.研发模式
  公司注重研发创新,研发主要以客户需求及市场趋势为导向。经过多年的发展,现已形成自主研发与客户协同研发的多层次研发创新模式。从研发内容来看,公司研发主要分为基础工艺与技术研发和新产品研发,基础工艺与技术研发为新产品开发提供核心技术和工艺,新产品开发为基础工艺与技术研发提供实际应用场景和应用需求。
  公司结合主要产品、竞争优势、核心技术、自身发展阶段以及国家产业政策、市场供需情况、上下游发展状况等因素,形成了目前的经营模式。该经营模式以满足客户需求为导向,报告期内,公司的主要经营模式未发生重大变化。
  零部件销售模式
  二、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
  公司主要从事汽车电子精密零部件、非汽车连接器及零部件和精密模具的研发、生产和销售。公司通过与客户同步研发设计,整合注塑、冲压、绕线、焊接、组装、检测等一系列工艺技术,以精密模具开发、自动化产线设计为支撑,向国内外知名的客户提供产品及模具设计、精密制造及检测等全流程配套服务,致力于成为下游客户高效、可靠的一站式合作伙伴。
  1.汽车零部件行业概况
  汽车零部件行业作为整车产业的上游行业,是支撑汽车工业发展的核心环节,属于汽车行业的重要组成部分。随着经济全球化和产业分工的细化,汽车零部件行业在汽车工业中的地位变得愈发重要。
  随着各大跨国汽车公司生产经营由传统的纵向一体化、追求大而全的生产模式逐步转向精简机构、以开发整车项目为主的专业化生产模式,整车制造公司大幅降低了零部件自制率,与外部零部件制造企业建立了配套供应关系,形成了专业化分工协作的模式,这大幅推动了汽车零部件行业的发展。
  国际成熟的汽车工业通常拥有成熟的配套零部件市场。经过长期的发展和整合,成熟的汽车零部件市场具有产业集中的特点。国际知名的汽车零部件企业主要集中在北美、欧洲及日本,包括德国的博世、大陆,日本的电装,加拿大的麦格纳,美国的博格华纳等。这些企业规模大、技术力量雄厚、资本实力充足,能够引导世界零部件行业的发展方向。近年来,经过多年的持续技术创新和努力奋斗,中国逐渐形成了较为完整的并具相当韧性的汽车供应链体系,特别是抓住新能源汽车换道超车的机会,逐步打破了海外技术壁垒,不断加快国产替代进程,自主零部件企业实力大幅提升,在多个领域涌现出了具有全球竞争力的优秀龙头企业,并在越来越多的细分领域中占据主导或重要地位,实现了从跟随者逐步向引领者的重要转变。中国汽车产业在电动化、智能化领域率先发力,在全球范围内形成了先发优势和基础优势,自主整车企业逐步进入了世界先进行列,为国内零部件企业做大做强、参与全球供应链市场竞争提供了重要机遇;但国内零部件企业的市场竞争力与国际巨头相比仍有差距,同时短板与弱项也不容忽视。
  2.汽车电子行业的发展现状
  近年来,电子信息技术不断创新发展,汽车整车设计时更注重人们对于驾驶安全性、舒适性、娱乐性等需求,功能不断丰富,汽车电子技术在汽车的应用领域日益扩大。一方面,随着电气化部件的普及率提升、汽车工业的不断创新,汽车电子逐步替代机械发挥作用,电子燃油喷射装置、电子点火、电控自动变速器等车身电子控制系统逐步成为现代汽车的标准配置;另一方面,考虑到汽车舒适性和便利性,车载通信系统、全景影像系统等车载电子系统在汽车中的应用愈发普遍。在智能网联趋势下,汽车逐步由传统的代步工具向同时具有交通、娱乐、办公、通信等多种功能的新一代智能移动空间和应用终端升级,实现车联智能网联功能的驾驶辅助系统、车联网系统以及智能座舱系统相关电子设备逐步成为研发应用的重点领域之一。
  当前,汽车电子技术仍在持续深化、迭代,汽车电子设备成本占比提升。随着电子信息技术、网络技术的飞速发展,车载电子系统取得了长足进步,车载导航、车联网、娱乐系统和影像系统的渗透率持续提高。新能源汽车的发展趋势促使汽车电子技术被广泛应用,如动力电池管理系统、IGBT功率模块等新能源三电系统逐步成熟,新能源汽车在续航和动力上竞争激烈。车联网、无人驾驶技术以及人工智能技术的发展为汽车电子未来的应用提供了广泛空间。由于采用电力驱动,新能源汽车的结构有别于传统的燃油汽车,动力电池、驱动电机、电控三大系统成为汽车的核心功能部件,汽车电子成本占整车价值比重将进一步提升。
  当前汽车电子行业正处于由电动化、智能化、网联化驱动的变革期,市场规模持续扩大,技术架构快速迭代,本土企业加速崛起,未来发展空间广阔。
  3.非汽车连接器行业
  经过多年发展,连接器总体市场规模保持了持续增长的态势。连接器行业对下游应用领域的变化反应敏锐,终端市场的规模增长与技术更迭将推动未来连接器市场规模持续扩大。连接器广泛应用于汽车电子、通信、消费电子、工业、轨道交通等诸多领域。各应用领域连接器的基本工作原理基本相同,但由于特定应用场景、应用需求的不同,连接器的制造工艺、质量标准、形态均有所差异。通讯连接器产品需要满足特性阻抗、插入损耗、电压驻波比等电气指标,需要实现低信号损耗、低驻波比、微波泄漏少等功能要求。随着通信网络建设进程的加快,通讯连接器作为通讯设备的关键部件之一,市场需求也将不断增长。消费电子连接器广泛应用于日常消费者生活使用的电子硬件产品,包括数码设备、家用电器、学习硬件和可穿戴设备等。消费电子连接器产品呈现标准化、小型化的特点。随着居民可支配收入的不断增长,人们对于消费电子的需求日益增长,带动了消费电子连接器市场的快速增长。近几年,新兴领域给连接器行业带来更多商机,这些新兴领域包括自动驾驶、AR/VR、机器人、无人机、共享单车、智能穿戴等,随着物联网、新能源汽车、工业自动化等新兴技术的蓬勃发展,连接器作为电子设备间不可或缺的桥梁,其需求将大幅增长。
  4.公司行业地位
  公司在国内外市场积累了一批保持长期稳定合作关系的全球知名客户,其中多数优质客户属于行业龙头企业,主要包括联合电子、博世、博格华纳、泰科电子、安费诺等知名跨国集团。
  
  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
  公司自成立以来,始终致力于提高产品创新和技术创新能力。经过多年钻研和积累,形成了较强的产品开发和技术研发能力,具备优质的客户资源,拥有众多的先进制造设备及制程工艺,公司产品多为平台项目,公司以“提供零缺陷的产品”为质量目标,采用在线自动检测措施保证产品质量的稳定性和可靠性,致力于成为下游客户高效、可靠的一站式合作伙伴。
  1.技术研发优势
  公司拥有经验丰富的专业技术团队,经过多年研发创新和技术积累,在产品及模具开发、产品制造工艺及自动化产线设计等方面形成了多项核心技术,并在模具开发、同步研发、自动化产线设计及实验检测能力等方面具有一定优势。公司的研发技术优势主要表现在:
  (1)模具开发优势
  精密模具开发制造能力是精密零部件产品开发及制造的重要保障,也是公司保持并提升市场竞争地位的核心优势之一。公司建立了涵盖多领域且数量众多的模具设计数据库,不仅可通过快速导入匹配度较高的模具数据资料,提高模具设计效率,还可熟练运用多种计算机辅助设计技术为模具结构的创新设计提供支持,使公司可满足客户各类高精度产品的复杂模具结构开发需求。公司经过长期的积累研发了高效运转的模具智能制造系统,通过模具智能制造系统来实现模具设计、加工过程数字化管理,通过多个软件和平台,包括ERP、CAD、CAM、PLM、CMM测量软件、MES车间制造管理系统进行数据互传,并将所有数据通过服务器进行运算和大数据存储,实现产品设计、模具设计、工艺排配、现场管理、尺寸测量和机台控制全过程的集成互联。公司配备了涵盖高速加工中心、慢走丝线切割、电脉冲火花机、三坐标等高端进口生产及检测设备,可以充分满足各类模具的高精度需求。
  (2)同步研发优势
  公司及时跟踪了解主要客户的研发设计需求及产品特征演变趋势,在客户新产品设计与开发的早期阶段,充分借助模流分析等技术,预先就客户产品设计的合理性进行判断,共同制定产品方案及具体的技术参数,有效减少了沟通轮次及磨合时间,缩短产品开发周期。公司通过深度参与下游客户的同步研发,与国内外知名汽车零部件一级供应商等下游客户建立了长期稳定的合作关系,目前,喷油器部件、电磁阀线圈、传感器组件等产品相关技术处于行业前列。
  (3)自动化产线设计开发能力
  公司拥有一批优秀的研发、设计、制造和组装专业人才,能够综合运用机器人技术、自动化控制技术、视觉检测技术,参与项目前期的自动化解决方案设计及落地,有效整合多项工艺及自动化技术,实现高效率、高品质、低成本、全自动化生产。例如,公司自主开发设计及组装了电磁阀自动生产线,整合自动上下料、绕线、电阻焊接、EOL测试、自动注塑、激光打码、不良品自动分类分离等近二十道复杂工序,实现从骨架到最终包塑成品的生产过程;在生产过程中,实时监控重要工艺参数,如绕线张力、焊接熔深、注塑压力等;该产线还配置打码功能,使得产品具有可追溯性,检测数据实现电脑实时存储。
  (4)完整的检测及实验能力
  公司配备了国内外先进的检测及实验设备,可提供三坐标检测、清洁度检测、力学三性实验、气候环境测试(湿热循环、高低温冲击)、耐腐蚀测试(中性盐雾测试)、电性能测试(绝缘耐压测试、击穿强度、电感电阻测试等)、金相检测、荧光膜厚检测、XRAY检测等,能够提供完整、快速、可靠的汽车电子产品性能测试,可有效提高公司自身技术研发实力和质量控制能力。
  2.客户资源优势
  公司凭借可靠的产品质量、突出的精密制造能力以及优质的服务能力,获得了较高的市场信誉和市场认可度,积累了优质且稳定的客户资源,公司主要客户均具有较长的发展历史和行业内领先的市场规模。尤其是汽车电子领域,公司定位为二级供应商,客户主要为国内外知名的汽车零部件一级供应商,这些一级零部件供应商对其上游零部件供应商有着严格的资格认证标准,经审核评估后,公司与客户形成的合作伙伴关系较为稳定。
  优质的客户资源对公司长期发展具有重要意义。一方面,优质的客户可以提供长期稳定的订单,公司与客户深入开展同步研发,为业务拓展提供了市场空间,并为公司开拓新客户、新领域奠定了良好的基础;另一方面,公司在与优质客户合作过程中,能够不断优化生产工艺、提升生产制造能力、强化研究开发能力、改善内部管理效率,保持行业领先地位。
  3.制造设备及制程工艺优势
  公司拥有众多的先进制造设备及制程工艺,高度注重生产设备的选用。近年来,公司购置了多台意大利马斯利的绕线机、蔡司检测设备、恩格尔及克劳斯马菲的注塑机、Makino高速加工中心、Finetool精冲机、Bruder高速冲床等,购置的全球先进生产设备具有高精度、高速度、高可靠性等特点,其加工能力和可实现的加工效果为业内领先水平,从硬件层面为公司产品的生产制造的精度及稳定性提供了保证,使得公司生产效率、产品质量得到了大幅提升,有效提升了公司整体工艺水平。
  公司的生产工艺种类齐全,涉及注塑、冲压、绕线、焊接、折弯、裁切、机加工、清洗、点胶、组装、检测等多个环节,可根据下游客户的实际需求有效整合生产工艺,进行过程开发、验证,最终实现产品的稳定生产。
  公司自成立以来,一直注重技术研究和工艺改进,在与知名客户的合作中,及时了解行业最新的技术标准,建立了完善的产品测试技术和评价体系。在长期发展过程中,公司产品生产工艺种类不断增加、工艺水平大幅提高,对生产设备进行多次工艺改造和二次开发,持续推进基于工业 4.0的框架的智能制造数字化生产线的投入和开发,大幅度提升了设备的生产效率和智能化水平。
  4.产品质量优势
  公司以“提供零缺陷的产品”为质量目标,采用在线自动检测措施保证产品质量的稳定性和可靠性。公司工艺技术全面、先进,机器设备自动化水平高、精度及可靠性高,并实行精益生产管理方式。目前,公司销售的成品不良率低于10PPM,低于同行业40PPM水平。此外,公司通过新建防静电及洁净车间保证了各类产品质量。
  5.一站式服务能力
  公司以精密模具设计与制造为核心,通过与客户同步研发设计,整合注塑、冲压、绕线、焊接、装配等一系列工艺技术,向行业领先的客户提供产品及模具设计、精密制造及检测等全流程配套服务,致力于成为下游客户高效、可靠的一站式合作伙伴。
  公司可以满足产品研发、前期同步工程、产品制程开发、数字化模具开发、高度自动化生产、可靠的质量控制和可靠性验证的全流程需求,为客户提供一站式集成解决方案。在全流程服务过程中,公司销售、技术、质量、采购、工艺生产等多个部门协同合作,与客户紧密沟通,持续优化生产工艺、改进供应链流程,保证产品的交付质量与性价比。
  6.产品平台化优势
  公司汽车电子业务定位为二级供应商,公司不直接向整车厂商销售,主要客户为国内外知名的汽车零部件一级供应商。公司产品多为平台项目,平台项目具有一定的通用性,可供整车厂商选用并配备在不同车型上使用。与此同时,公司下游客户在上述平台项目产品中具有较高的市场份额,产品需求量与特定车型的产销量关联性较小,产品需求量较为稳定。经过多年的发展,公司产品最终应用于上汽大众、上汽通用、上汽、长城、吉利、比亚迪、奔驰、宝马、奥迪、日产、菲亚特、广汽本田、广汽丰田、蔚来、理想、小鹏、小米等国内外汽车品牌,产品应用广泛。
  
  四、主营业务分析
  1、概述
  2025年,公司实现营业收入 96,282.70万元,较去年增加14.19%;实现归属于上市公司股东的净利润 5,384.83万元,较去年增加18.86%;经营活动产生的现金流量净额 6,312.67万元,较去年减少14.35%。2025年公司销售收入及净利润实现平稳增长。
  报告期内,公司主要经营情况如下:
  (1)积极开拓新市场与客户资源
  立足于现有的技术水平与一站式服务模式,公司与客户深度结合及深度绑定,以客户需求与产品创新为公司的“护城河”。2025年公司与芯联集成电路制造股份有限公司签署了《长期战略合作协议》,双方同意在模块封装领域展开全面合作。此外,报告期内公司深挖客户需求,积极开拓新客户、新产品,集团营业收入再创历史新高。
  (2)全球化布局
  公司境外投资泰国工厂,开启海外扩张。泰国工厂于2025年9月获得IATF16949:2016 质量管理体系认证,以及多家客户的供应商认证审核,并于2025年底开始小批量生产,产品陆续交付中。未来公司不仅能以泰国为支点,加强与东南亚、北美、欧洲等国际客户产品及市场开发力度,保障产品供应,提升海外客户服务能力,还可以有效规避未来潜在的贸易摩擦风险,巩固供应链安全,有效增强公司国际竞争力。
  (3)加速推进数字平台建设工作
  公司围绕提升经营管理支撑能力和数字化管理水平,持续推进研发、生产、质量、供应链及集团运营等重点领域的管理能力建设,逐步夯实业务运行基础。2025年公司成功入选“上海市先进级智能工厂”。报告期内,公司完善产品从研发到生产全过程的信息管理与数据沉淀机制,实现产品、模具及工艺等关键信息的统一管理与规范应用;并通过对研发进度、成本消耗和质量表现等数据的综合分析,持续提升研发决策的透明度和部门之间的协同效率。在质量管理领域,公司加强对质量风险、过程波动及问题改进数据的系统梳理与分析,提升产品设计、工艺开发及生产过程的质量管控和问题追溯能力。在生产与物流领域,公司持续优化生产运营和库存管理体系,通过对产能利用、物料流转和交付表现等关键指标的分析,强化人员、设备、物料及模具等核心资源的管理水平,促进生产、供应与交付之间的协同衔接,初步形成覆盖“研发—生产—交付”的一体化管理体系。同时,公司不断完善基础数据治理、办公协同及信息安全与灾备保障机制,推进经营数据的汇总分析与可视化应用,为管理层提供更加及时、客观的经营洞察,提升管理运行的稳定性和业务连续性保障能力。
  
  五、公司未来发展的展望
  (一)行业格局和趋势
  2025年9月,工业和信息化部等八部门关于印发《汽车行业稳增长工作方案(2025—2026年)》的通知;国家发改委、财政部于2025年12月联合印发《关于2026 年实施大规模设备更新和消费品以旧换新政策的通知》,相信随着一系列政策出台落地,政策组合效应不断释放,将会进一步释放汽车市场潜力。预计2026年,汽车市场将继续呈现稳中向好发展态势,汽车产销将继续保持增长。汽车零部件制造行业与宏观经济、汽车产业发展存在显著联动效应。当国民经济处于上行周期时,汽车消费需求扩张带动整车产销量增长,进而拉动零部件行业同步发展;同时,国家推出汽车以旧换新补贴政策,直接刺激新车销量增长,带动汽车零部件需求扩容。政策推动下,新能源汽车渗透率提升,加速电动化、智能化部件的市场需求,同时倒逼零部件企业优化产能布局,加速国产替代进程。作为全球最大汽车市场,中国零部件产业正经历结构性转型:本土企业通过自主创新和国际合作,逐步构建起响应速度快、配套成本低的供应链优势,同时加速弥补核心技术短板。新能源汽车的普及为行业带来历史性机遇,推动国产零部件在三电系统、智能驾驶等领域实现突破,进口替代进程明显加快。公司正通过加大创新研发、提升产品竞争力及加大开拓市场订单,以把握市场机遇,应对市场竞争。
  (二)发展战略
  公司以“成为优秀的汽车电子核心零部件智造商”为愿景,根据公司的经营战略,公司将充分把握汽车电子领域转型升级的发展机遇,尽力引领智能制造高科技并加快战略转型,培育第二增长曲线,为下游客户提供具有行业竞争力、安全可靠的产品。
  (三)经营计划
  第一、顺应行业发展趋势,提升公司核心竞争力
  公司注重技术创新和产品创新,持续关注行业发展趋势,积极应对市场多样化需求。当前汽车行业发展呈现智能化、低碳化、网联化、轻量化等趋势,与之相配套的汽车电子产品成为公司发展的重点产品。新能源汽车的面世打开了新兴市场,带动了相关汽车电子零部件下游市场需求的增长,加快了相应电子零部件技术创新的进程。在行业竞争日趋激烈、消费者要求不断提高的现状下,公司将不断积累生产技术,顺应行业发展趋势,产品发展方向以节能减排和新能源为主。
  第二、升级生产方式,提高公司盈利能力
  自动化、智能化生产和规模化发展既是行业发展的必然趋势,也符合公司战略发展方向。为增强公司生产能力,顺应行业发展潮流,公司重视生产自动化、智能化水平的提高以实现保障产品质量、降低人工成本的目的。汽车零部件产品的生产流程包括注塑、冲压、装配、测试等多个环节,公司将进一步提升自动化、智能化生产水平,确保生产安全,同时提高劳动生产率和产品质量。此外,自动化设备的使用可以有效地减少能源及原材料的损耗,节省辅助加工时间,最终降低产品制造成本。公司将充分利用现有生产技术的基础上不断加强技术创新力度,持续提升生产的自动化、智能化水平,降低生产成本,从而实现公司盈利水平的提升。
  第三、持续推进信息化建设,优化公司运营管理水平
  公司将加大信息系统建设投入,以满足公司在智能制造生产管理、客户供应商等上下游关系管理、业务与财务信息高效精准核算等方面对数字化信息系统的需求,为公司各项经营管理和高效决策打下坚实基础。
  第四、持续推进人才资源计划
  人力资源是持续保持公司创新能力和竞争实力的关键,是公司可持续发展的基础。公司将加大人才引进与梯队培养计划,并不断完善国内外人力资源引进、培训和激励的管理体系,打造高素质的专家型人才队伍,以适应公司持续发展的需求。
  (四)公司面临的风险和应对措施
  1、主要客户集中且对单一客户存在依赖的风险
  公司主要客户为联合电子、博世、博格华纳等汽车零部件一级供应商和泰科电子、安费诺等连接器制造商,均为国内外知名厂商。2025年,公司对前五大客户的销售收入占比为69.82%,客户集中度较高。2025年,公司对联合电子的销售收入占比为33.09%,对联合电子存在较大依赖。
  若未来公司与联合电子等重要客户的长期合作关系发生变化或终止,或主要客户因其自身经营原因而减少对公司产品的采购,或因公司在产品质量、技术创新和产品开发、生产交货等方面无法满足客户需求而导致与客户的合作关系发生不利变化,而公司又无法及时拓展其他新客户,将会对公司的经营业绩产生不利影响。
  应对措施:结合汽车行业的特点,公司在质量控制、技术服务、产品交付进度等方面不断优化,持续提升综合服务能力,提高客户黏性;同时,公司加大新客户的挖掘,不断扩大客户覆盖面,降低客户集中度,提升业务多元化。
  2、应收账款规模较大、集中度较高的风险
  截至2025年12月31日,公司应收账款账面价值为33,424.52万元。应收账款账面价值占流动资产的比例为37.69%,占比较高。截至2025年12月31日,前五大客户应收账款余额合计为 25,876.26万元,占应收账款期末余额的比例为74.28%。虽然2025年末公司应收账款的账龄基本都在1年以内,且主要客户均为信誉良好的汽车零部件一级供应商和知名连接器制造商,但由于公司应收账款金额较大,且比较集中,若行业发展趋势发生不利变化或欠款不能及时收回,公司财务状况将受到较大影响。
  应对措施:公司优化修订了相关考核制度,加强应收账款催收的责任落实;持续优化业务构成,积极拓展与新客户合作,改善公司业务收入结构;同时,公司积极拓展融资渠道,保障公司正常经营。
  3、原材料价格波动风险
  公司原材料主要为铜材、塑料粒子等大宗商品和电子元器件产品,原材料价格波动将直接影响公司产品的生产成本。近年来,铜材、塑料粒子有所波动,对公司业绩也有所影响。若原材料在短期剧烈波动且公司无法继续向下游传导,将对公司经营业绩产生较大挑战。
  应对措施:公司通过建立产品价格调整机制、提高原材料利用率等措施,降低了原材料价格波动对公司利润水平的影响。
  4、外汇风险
  报告期内,外销收入占营业收入的比例为20.80%,公司部分生产设备及原材料从国外采购。同时,公司客户主要以全球汽车零部件行业知名供应商为主,而国外客户及供应商与公司一般采用外币进行结算,如果外币兑人民币汇率出现不利波动,将会对公司的经营业绩带来一定影响。
  应对措施:公司将从经营目标和整体业务布局出发,不断完善汇率风险管理体系,选择更有利的结算方式和结算时点,通过及时跟踪掌控汇率波动情况、加强与银行等金融机构合作等方式,防范汇率风险,增强对汇率变动的敏感性及应对能力。 收起▲

产品价格

数据截至(20260529)
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20260529,33.50,3.29,-5.1260266213537,0.15220700152207,20260529
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