证券代码：831396 证券简称：许昌智能 公告编号：2025-007 许昌智能继电器股份有限公司 独立董事 2024 年度述职报告（陈平泽已离职） 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记 载、误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承担个 别及连带法律责任。 本人陈平泽作为许昌智能继电器股份有限公司（以下简称"公司"）的独立 董事，在任职期间严格按照《公司法》、《公司章程》、《上市公司独立董事管 理办法》、《北京证券交易所上市公司持续监管指引第 1 号——独立董事》的 规定，认真、勤勉、谨慎履行职责，对公司与控股股东、实际控制人、董监高之 间的潜在重大利益冲突事项进行监督，为董事会提供多元化视角和专业支持，促 进董事会作出科学合理判断。现就在任期间履行独立董事职责情况汇报如下： 一、独立董事的基本情况 陈平泽，男，1977 年 11 月 14 日生，中国国籍，汉族，中国矿业大学（北 京）管理学院会计学副教授，经济学博士，高级审计师，硕士生导师。中国审计 学会第七届、第八届（现任）理事，财政部政府会计准则委员会第一、第二、第 三届（现任）咨询专家。至今，在《审计研究 ...

证券代码：831396 证券简称：许昌智能 公告编号：2025-010 许昌智能继电器股份有限公司 独立董事 2024 年度述职报告（孙建华） 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记 载、误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承担个 别及连带法律责任。 本人孙建华作为许昌智能继电器股份有限公司（以下简称"公司"）的独立 董事，在任职期间严格按照《公司法》、《公司章程》、《上市公司独立董事管 理办法》、《北京证券交易所上市公司持续监管指引第 1 号——独立董事》的 规定，认真、勤勉、谨慎履行职责，对公司与控股股东、实际控制人、董监高之 间的潜在重大利益冲突事项进行监督，为董事会提供多元化视角和专业支持，促 进董事会作出科学合理判断。现就 2024 年度履行独立董事职责情况汇报如下： 一、独立董事的基本情况 孙建华，男，1970 年 7 月生，汉族，中国国籍，无境外永久居留权，中共 党员，博士研究生学历，河南财经政法大学会计学教授，博士生导师。2006 年 6 月毕业于西南财经大学会计学院，获管理学（会计学）博士学位，历任河南财经 政法大学会计学院公共会计教研室主任、 ...

证券代码：831396 证券简称：许昌智能 公告编号：2025-009 许昌智能继电器股份有限公司 独立董事 2024 年度述职报告（张宇） 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记 载、误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承担个 别及连带法律责任。 本人张宇作为许昌智能继电器股份有限公司（以下简称"公司"）的独立董 事，在任职期间严格按照《公司法》、《公司章程》、《上市公司独立董事管理 办法》、《北京证券交易所上市公司持续监管指引第 1 号——独立董事》的规 定，认真、勤勉、谨慎履行职责，对公司与控股股东、实际控制人、董监高之间 的潜在重大利益冲突事项进行监督，为董事会提供多元化视角和专业支持，促进 董事会作出科学合理判断。现就 2024 年度履行独立董事职责情况汇报如下： （一）出席董事会的情况 2024 年度，公司共召开了 9 次董事会会议、5 次股东大会。本人积极参加公 司召开的会议，认真审阅相关资料，以严谨的态度行使表决权，履行了独立董事 的义务，本人出席会议的情况如下： | 独立董事 | 出席董 事会次 | 出席董 事会方 | 委托出席 董事会会 | ...

证券代码：831396 证券简称：许昌智能 公告编号：2025-029 许昌智能继电器股份有限公司舆情管理制度 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、 误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连 带法律责任。 一、 审议及表决情况 公司于 2025 年 3 月 27 日召开第四届董事会第五次会议，审议通过《关于制 定<舆情管理制度>的议案》，表决结果：同意 7 票；弃权 0 票；反对 0 票。本 制度无需提交公司 2024 年年度股东大会审议。 二、 制度的主要内容，分章节列示： 许昌智能继电器股份有限公司 舆情管理制度 第一章 总 则 第一条 为提高许昌智能继电器股份有限公司（以下简称"公司"）应对各类 舆情的能力，建立快速反应和应急处置机制，及时、妥善处理各类舆情对公司股 价、商业信誉及正常经营活动造成的影响，切实保护广大投资者合法权益，根据 《北京证券交易所股票上市规则（试行）》等相关法律法规和《许昌智能继电器 股份有限公司章程》（以下简称《公司章程》），结合公司实际情况，制订本制度。 第二条 本制度所称舆情包括： 息； （一）报刊、电视、网络等 ...

证券代码：831396 证券简称：许昌智能 公告编号：2025-008 许昌智能继电器股份有限公司 独立董事 2024 年度述职报告（来小康） 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记 载、误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承担个 别及连带法律责任。 本人来小康作为许昌智能继电器股份有限公司（以下简称"公司"）的独立 董事，在任职期间严格按照《公司法》、《公司章程》、《上市公司独立董事管 理办法》、《北京证券交易所上市公司持续监管指引第 1 号——独立董事》的 规定，认真、勤勉、谨慎履行职责，对公司与控股股东、实际控制人、董监高之 间的潜在重大利益冲突事项进行监督，为董事会提供多元化视角和专业支持，促 进董事会作出科学合理判断。现就 2024 年度履行独立董事职责情况汇报如下： 一、独立董事的基本情况及独立性说明 来小康，男，教授级高工、中国电力科学研究院资深专家、中国电机工程学 会会士；1984 至今在中国电力科学研究院工作，曾任电工所所长、新能源与储 能运行控制国家重点实验室副主任；"十三五"能源领域科技发展战略专题研究 专家，国家重点研发计划重点专项智能电 ...

Recognition and Achievements - The company was recognized for its "ESS type integrated energy storage and charging equipment" as the first major technological equipment in Henan Province in August 2024[6]. - In June 2024, the company was approved to establish the "Henan Province Energy Storage and Charging Smart Microgrid Engineering Research Center"[8]. - The company successfully passed the third batch of "specialized, refined, distinctive, and innovative" small giant enterprise review by the Ministry of Industry and Information Technology in September 2024[10]. - The company has been recognized as a national high-tech enterprise and has received multiple provincial-level honors, including the "Single Champion" in manufacturing[51]. Financial Performance - The company's operating revenue for 2024 reached ¥629,547,222.50, representing a year-over-year increase of 7.37% compared to ¥586,326,689.85 in 2023[31]. - The net profit attributable to shareholders decreased by 8.40% to ¥42,462,092.47 in 2024 from ¥46,355,135.55 in 2023[31]. - The weighted average return on equity based on net profit attributable to shareholders was 7.70% in 2024, down from 11.77% in 2023[31]. - Total assets increased by 18.65% to ¥1,022,094,055.34 at the end of 2024, compared to ¥861,454,101.68 at the end of 2023[33]. - The company's total liabilities rose slightly by 0.77% to ¥440,377,043.54 in 2024 from ¥436,998,107.77 in 2023[33]. - The net asset attributable to shareholders increased by 38.17% to ¥576,160,518.81 in 2024, up from ¥417,005,168.43 in 2023[33]. - The company's cash flow from operating activities showed a significant decline, with a net cash flow of -¥9,158,065.95 in 2024 compared to ¥27,278,071.07 in 2023[34]. - The gross profit margin for 2024 was 25.65%, slightly up from 25.58% in 2023[31]. - The basic earnings per share decreased by 27.78% to ¥0.26 in 2024 from ¥0.36 in 2023[31]. - The company reported a decrease in net profit growth rate of -10.93% for 2024, compared to a growth of 8.81% in 2023[34]. Share Capital and Stock Market Activity - The company went public on the Beijing Stock Exchange on January 26, 2024, with a total share capital of 165,575,000 shares[11][25]. - The company issued 32,500,000 shares to the public, increasing the total number of shares to 37,375,000 shares after an additional issuance of 4,875,000 shares[26]. - The company’s ordinary share capital increased from 128,200,000 shares to 165,575,000 shares after successfully listing on the Beijing Stock Exchange, raising 37,375,000 shares[143]. - The actual controller holds 39.95% of the voting rights, amounting to 64,500,154 shares[152]. Research and Development - The company has launched new products including photovoltaic grid-connected inverters and energy storage systems, focusing on the transition to renewable and digital energy[46]. - Research and development expenses increased by 19.16% to ¥32,677,211.11, reflecting the company's commitment to innovation[61]. - The total number of R&D personnel rose to 226, accounting for 38.31% of total employees, up from 38.04%[90]. - The company is advancing the development of 35kV gas-insulated switchgear (GIS), which features high safety and reliability, and aims to achieve domestic leading standards in design[95]. Market Strategy and Expansion - The company has established a marketing headquarters in Beijing and an international business department, expanding its international market presence[50]. - The company plans to expand its international market presence, particularly in developing regions such as Asia, Africa, and South America, leveraging the "Belt and Road" initiative[55]. - The company is targeting key clients such as State Grid and major power generation groups, while expanding its product offerings in the market[109]. - The company plans to utilize capital markets for resource integration and industry chain consolidation following regulatory encouragement[111]. Corporate Governance and Management - The company has established a robust governance structure to mitigate risks associated with the influence of major shareholders on operational decisions[119]. - The board of directors consists of 7 members, including 3 independent directors, ensuring a structured governance framework[184]. - The company has implemented a competitive salary policy, adjusting salaries annually based on regional economic conditions and company performance[179]. - The company has established a comprehensive management system for evaluating and training executives, enhancing their professional skills[179]. Social Responsibility and Community Engagement - The company is committed to social responsibility, actively engaging in public welfare while creating value for shareholders[99]. - The company donated a total of 350,000 yuan to support students and youth development initiatives in Henan province[100]. - The company has established a scholarship fund of CNY 100,000 for Huazhong University of Science and Technology, supporting 160 university students over nine years[99]. Risk Management - The company faces risks from increased market competition and plans to optimize product structure and enhance R&D investment in distributed smart grids[118]. - Fluctuations in raw material prices, particularly copper, pose a risk to procurement costs, prompting the company to optimize purchasing strategies[119]. - No new significant risks were identified during the reporting period[120]. Financial Commitments and Transactions - The company has provided guarantees totaling 20,000,000.00 CNY, with a guarantee period from 2023 to 2024[132]. - The company has approved an external investment in ECOTECH ENERGY PTE. LTD. for 2,000,000 SGD[134]. - The company has disclosed commitments regarding asset seizures or freezes[131]. Employee Development and Organizational Changes - The total number of employees increased from 510 to 590, with a net addition of 80 employees during the reporting period[177]. - The company implemented a competitive mechanism for employee evaluation and training, focusing on optimizing the management structure[178]. - The company has effectively maintained shareholder rights and ensured equal treatment for all shareholders[187].

| 名称 持有数量(万股) | | 占总股本比例(%) | 增减情况(万股) | | --- | --- | --- | --- | | 顾金凤 | 530.00 | 5.63 | -9.30 | | 丁辉海 | 158.30 | 1.68 | 新进 | | 刘永祥 | 112.22 | 1.19 | 新进 | | 董青山 | 100.00 | 1.06 | -73.06 | | 陕西秦煤实业集团运销有限责任公司 | 97.50 | 1.04 | 新进 | | 较上个报告期退出前十大股东有 | | | | | 于慧芳 | 355.00 | 3.77 | 退出 | | 许昌市市投数字经济产业集团有限公司 | 300.00 | 3.19 | 退出 | | 孙卫东 | 186.45 | 1.98 | 退出 | 三、分红送配方案情况 10派0.5元(含税) 数据四舍五入，查看更多财务数据>> 二、前10名无限售条件股东持股情况 前十大流通股东累计持有： 998.02万股，累计占流通股比： 10.6%，较上期变化： -555.79万 股。 一、主要会计数据和财务指标 | 报告期指标 | 2024年年报 | 2023年年 ...

Investment Rating - The investment rating for the company is "Outperform" (maintained) [3] Core Views - The company has signed a framework contract worth 400 million yuan and has entered into new contracts for data center substations, which are expected to drive future performance growth [3][5] - For 2024, the company is projected to achieve revenue of 634 million yuan, representing an 8.06% year-on-year increase, while the net profit attributable to the parent company is expected to decrease by 7.05% to 43 million yuan [3] - The earnings per share (EPS) for 2024 is estimated at 0.26 yuan, with corresponding price-to-earnings (P/E) ratios of 55.1, 45.0, and 37.2 for 2024, 2025, and 2026 respectively [3] Financial Summary - Revenue is projected to grow from 586 million yuan in 2023 to 634 million yuan in 2024, and further to 778 million yuan in 2025, reaching 920 million yuan in 2026 [8] - The net profit attributable to the parent company is expected to fluctuate, with estimates of 43 million yuan in 2024, 53 million yuan in 2025, and 64 million yuan in 2026 [8] - The gross margin is expected to remain stable around 23.5% for 2024 and 2025, while the net margin is projected to be 6.8% for both years [8] - The return on equity (ROE) is forecasted to improve from 9.7% in 2024 to 12.5% in 2026 [8] Business Developments - The company has signed a 4.25 billion yuan framework agreement with China Energy Construction Group for compact substations, indicating a strategic expansion into new business areas [5] - The company is also expanding its production layout with transformer production line upgrades, which are expected to support future revenue growth [5]

北交所信息更新 许昌智能（831396.BJ） 签署 4 亿元框架合同，新签订数据中心变电站合同拓展新业务 投资评级：增持（维持） | 日期 | 2025/3/13 | | --- | --- | | 当前股价(元) | 14.32 | | 一年最高最低(元) | 17.61/4.01 | | 总市值(亿元) | 23.71 | | 流通市值(亿元) | 20.78 | | 总股本(亿股) | 1.66 | | 流通股本(亿股) | 1.45 | | 近 3 个月换手率(%) | 412.0 | 公司与中能建签订 4 亿框架协议，签订数据中心变电站合同拓展新业务 2025 年 03 月 13 日 预计 2024 年营收 6.34 亿元（+8.06%），归母净利润 0.43 亿元（-7.05%） 公司发布 2024 年业绩快报，预计 2024 年公司实现营业收入 6.34 亿元，同比增 长 8.06%；归母净利润为 0.43 亿元，同比减少 7.05%；扣非净利润 0.43 亿元， 同比减少 1.00%。受公司扩大生产布局，期间费用增加影响，我们下调 2024-2026 年盈利预测，预计 2024-2026 年 ...

证券代码：831396 证券简称：许昌智能 公告编号：2025-004 许昌智能继电器股份有限公司签订重要合同的公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、 误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连 带法律责任。 一、 合同签署概况 （一） 基本情况 许昌智能继电器股份有限公司（以下简称"许昌智能"）与河南空港数字城 市开发建设有限公司签订了《郑州航空港经济综合实验区大数据产业园大数据处 理中心项目变电站建设工程施工总承包合同》，公司提供设备制造或采购设备安 装、调试、电站运维等施工内容，合同金额为：45,752,908.61 元（人民币）。 （二） 审批情况 根据《公司章程》及相关制度，上述合同的签订属于公司日常经营行为，不 需要经过公司董事会及股东大会审议。 （二）应说明的情况 （一）合同对手方基本情况 合同对手方名称： 河南空港数字城市开发建设有限公司 注册地址：郑州航空港区新港大道与如荼路交汇处锦荣信息科技园 10 号楼 1 层 法定代表人：王景仲 统一社会信用代码：91410100MADBA8DD6Q 经营范围：许可项目：建设工程施工；第一 ...