证券代码：835174 证券简称：五新隧装 公告编号：2024-082 湖南五新隧道智能装备股份有限公司 第四届监事会第一次会议决议公告 本公司及监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、会议召开和出席情况 （一）会议召开情况 1.会议召开时间：2024 年 9 月 13 日 2.会议召开地点：公司 1 号会议室 6.召开情况合法、合规、合章程性说明： 本次监事会会议的召集、召开、议案审议程序等方面符合有关法律、行政法 规、部门规章、规范性文件和《公司章程》的规定。 （二）会议出席情况 1.会议应出席监事 3 人，出席和授权出席监事 3 人。 2.公司副总经理、董事会秘书崔连苹列席会议。 二、议案审议情况 3.会议召开方式：现场会议 4.发出监事会会议通知的时间和方式：2024 年 9 月 13 日以书面方式发出 会议通知时间和召开时间说明：公司于 2024 年 9 月 13 日召开 2024 年第二 次临时股东大会，审议通过了选举第四届监事会监事相关议案，为便于尽快开展 工作，经全体第四届监事会监事 ...

证券代码：835174 证券简称：五新隧装 公告编号：2024-081 湖南五新隧道智能装备股份有限公司 第四届董事会第一次会议决议公告 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。 3.会议召开方式：现场+通讯会议 4.发出董事会会议通知的时间和方式：2024 年 9 月 13 日以书面方式发出 会议通知时间和召开时间说明：公司于 2024 年 9 月 13 日召开 2024 年第二 次临时股东大会，审议通过了选举第四届董事会董事相关议案，为便于尽快开展 工作，经全体第四届董事会董事一致同意，第二次临时股东大会结束后立即召开 第四届董事会会议，选举第四届董事长、进行专门委员会换届及聘任第四届高级 管理人员等事项。 全体与会人员一致同意豁免提前通知的期限要求，一致同意推举杨贞柿先生 主持会议，现场以书面通知形式发出会议通知；全体董事对本次会议的通知、召 集和召开无异议。 5.会议主持人：全体董事共同推举杨贞柿先生 一、会议召开和出席情况 （一）会议召开情况 1.会议召开时间：2024 年 9 月 13 ...

证券代码：835174 证券简称：五新隧装 公告编号：2024-079 湖南五新隧道智能装备股份有限公司 2024 年第二次临时股东大会决议公告 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、会议召开和出席情况 （一）会议召开情况 1.会议召开时间：2024 年 9 月 13 日 出席和授权出席本次股东大会的股东共 5 人，持有表决权的股份总数 39,594,881 股，占公司有表决权股份总数的 44.2280%。 其中通过网络投票参与本次股东大会的股东共 1 人，持有表决权的股份总数 3,000 股，占公司有表决权股份总数的 0.0034%。 2.会议召开地点：公司 1 号会议室 3.会议召开方式：现场投票和网络投票相结合 4.会议召集人：董事会 5.会议主持人：董事长杨贞柿先生 6.召开情况合法、合规、合章程性说明： 本次股东大会通知以公告的形式发出，召集、召开、审议等程序均符合有关 法律、行政法规、部门规章、规范性文件和《公司章程》的规定。 （二）会议出席情况 （三）公司董事、监事、高级管理 ...

董事长、监事会主席、高级管理人员换届公告 证券代码：835174 证券简称：五新隧装 公告编号：2024-083 湖南五新隧道智能装备股份有限公司 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、换届基本情况 （一）董事长换届的基本情况 根据《公司法》及公司章程的有关规定，公司第四届董事会第一次会议于 2024 年 9 月 13 日审议并通过： 选举杨贞柿先生为公司董事长，任职期限三年，自 2024 年 9 月 13 日起生效。上述 选举人员持有公司股份 429,508 股，占公司股本的 0.4772%，不是失信联合惩戒对象。 （二）监事会主席换届的基本情况 根据《公司法》及公司章程的有关规定，公司第四届监事会第一次会议于 2024 年 9 月 13 日审议并通过： 选举谢建均先生为公司监事会主席，任职期限三年，自 2024 年 9 月 13 日起生效。 上述选举人员持有公司股份 386,008 股，占公司股本的 0.4289%，不是失信联合惩戒对 象。 （三）高级管理人员换届的基本情况 公司董事、监 ...

湖南启元律师事务所 关于 湖南五新隧道智能装备股份有限公司 2024年第二次临时股东大会 法律意见书 二〇二四年九月 长沙市芙蓉区建湘路393号世茂环球金融中心63层 410000 电话：（0731）8295 3778 传真：（0731）8295 3779 网站：www.qiyuan.com 1 湖南启元律师事务所 关于湖南五新隧道智能装备股份有限公司 致：湖南五新隧道智能装备股份有限公司 2024年第二次临时股东大会 法律意见书 湖南启元律师事务所（以下简称"本所"）接受湖南五新隧道智能装备股份 有限公司（以下简称"公司"）委托，对公司 2024 年第二次临时股东大会的（以 下简称"本次股东大会"）进行现场见证，并根据《中华人民共和国公司法》（以 下简称"《公司法》"）等中国现行法律、法规、规章和规范性文件以及《湖南 五新隧道智能装备股份有限公司章程》（以下简称"《公司章程》"）的相关规 定，出具本法律意见书。 为出具本法律意见书，本所指派本所律师列席了本次股东大会，按照律师行 业公认的业务标准、道德规范和勤勉尽责精神，对本次股东大会进行了现场见证， 并核查和验证了公司提供的与本次股东大会有关的文件、资料和 ...

证券代码：835174 证券简称：五新隧装 公告编号：2024-084 湖南五新隧道智能装备股份有限公司 董事会各专门委员会换届公告 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、换届基本情况 根据《公司法》《公司章程》《董事会议事规则》及董事会各专门委员会议事 规则等有关规定，公司于 2024 年 9 月 13 日召开第四届董事会第一次会议，审议 通过了《关于选举第四届董事会专门委员会委员的议案》，公司第四届董事会各 专门委员会委员如下： 1、战略委员会：杨贞柿（主任委员）、袁凌、张维友； 注：根据《战略委员会议事规则》第二章第五条"战略委员会设主任委员一名，由公司 董事长担任" 2、提名委员会：袁凌（主任委员）、周兰、王薪程； 注：第四届董事会提名委员会第一次会议审议通过选举袁凌为主任委员。 本次换届为任期届满正常换届，符合《公司法》《北京证券交易所股票上市 规则（试行）》及《公司章程》等相关规定，符合公司治理要求，不会对公司生 产、经营产生不利影响。 三、备查文件目录 （一）《湖南五新隧道智 ...

Group 1: Company Performance Overview - In the first half of 2024, the company experienced a slight decline in revenue due to funding pressures in the railway and highway markets, with some projects being halted [2] - The company saw growth in the highway market, primarily through new product demands in existing projects, and a significant increase of over 150% in the aftermarket [2] - The water and hydropower market showed notable growth, attributed to the successful application of products in ongoing projects [2] Group 2: Market Expectations - The company anticipates improvements in the railway and highway markets in the second half of 2024, with several railway projects starting and signs of recovery in highway projects [2] - The water and hydropower sector is expected to accelerate, with large investments in pumped storage and diversion projects providing ample opportunities for equipment application [2] Group 3: Overseas Market Development - The company is actively expanding its overseas market presence, focusing on Australia, South Africa, and South America, while developing differentiated products for these markets [3][4] - The goal is to achieve a balanced sales scale of 50% from domestic and 50% from overseas markets within ten years [4] Group 4: Water and Hydropower Market Insights - The water and hydropower market has significant potential, with increasing investments and a growing number of projects [5] - The company’s products are applicable throughout the entire construction cycle of hydropower projects, providing long-term business opportunities [5] Group 5: Mining Market Strategy - The company will not lower its mining market targets despite initial challenges, focusing on building relationships and establishing model sites [5] - The mining market is characterized by competition from established players, but the company aims to differentiate itself through innovation and understanding customer needs [5] Group 6: Aftermarket Development - The aftermarket, including parts sales and maintenance services, is expected to gradually increase its revenue share, with ongoing efforts to build a robust service and sales network [6] - The company has established over 30 service points to enhance its aftermarket capabilities [6] Group 7: Product Revenue and Market Share - Specific revenue breakdowns by product were not disclosed, but key products include smart digital lining cars, rock drilling rigs, and wet spraying machines [10] - The company does not have specific market share data due to the lack of direct competition in many of its product lines [10] Group 8: Innovation and Product Development - The company believes that innovation has no limits and continues to enhance its product offerings, such as the smart digital lining car, which has improved profit margins significantly [10] - The focus is on differentiated development and addressing customer pain points rather than following market trends [11]

证券代码：835174 证券简称：五新隧装 公告编号：2024-078 湖南五新隧道智能装备股份有限公司 投资者关系活动记录表 | --- | |--------------------------------------------------------------------| | | | 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、投资者关系活动类别 √特定对象调研 □业绩说明会 □媒体采访 □现场参观 □新闻发布会 □分析师会议 □路演活动 □其他 二、投资者关系活动情况 活动时间：2024 年 9 月 2 日 活动地点：公司 1 号会议室 参会单位及人员：工银瑞信基金管理有限公司、万家基金管理有限公司、广 州鑫淼私募证券投资基金管理有限公司、共青城汇美盈创投资管理有限公司、杭 州兼济投资管理有限公司、开源证券股份有限公司、浙商证券股份有限公司、第 一创业证券股份有限公司、西南证券股份有限公司、国海证券股份有限公司、国 金证券股份有限公司、国联证券股份有限公司 上市 ...

Investment Rating - The investment rating for the company is "Buy" (maintained) [2] Core Views - The company achieved a slight decline in revenue in H1 2024, but significant breakthroughs were made in the water conservancy, hydropower, and mining sectors [3] - The company's H1 2024 revenue was CNY 405 million, down 7.02% year-on-year, while the net profit attributable to the parent company was CNY 70 million, down 3.53% year-on-year [2][3] - The comprehensive gross margin for H1 2024 was 37.22%, an increase of 2.67 percentage points year-on-year [2][3] Summary by Sections Revenue and Profitability - The company's revenue and net profit showed a slight decline primarily due to a decrease in railway market revenue, which fell by 17.50% to CNY 230 million [3] - Positive growth was observed in the highway, water conservancy, and mining sectors, with highway revenue increasing by 4.45% to CNY 137 million, water conservancy revenue doubling to CNY 18 million (up 99.90%), and mining revenue rising by 25.91% to CNY 16 million [3] - The main machine market revenue decreased by 10.63% to CNY 368 million, while the aftermarket revenue surged by 153.35% to CNY 25 million, driven by expanded maintenance and parts sales [3] Market Performance - The company's stock performance relative to the North Exchange 50 index showed a 1-month increase of 2.02%, a 3-month decline of 28.78%, and a 12-month increase of 57.01% [3] - As of August 28, 2024, the current stock price was CNY 15.12, with a 52-week price range of CNY 14.38 to CNY 19.98 [3] Future Outlook - The railway infrastructure market is expected to recover, with the company positioned to benefit from increased demand for its drilling and blasting equipment [6] - The water conservancy market is projected to grow significantly, with plans to double the installed capacity of pumped storage by 2025 [6] - The mining sector is also anticipated to expand due to automation trends and the company's innovative drilling solutions [6] - The company has established a wholly-owned subsidiary for international trade to enhance its overseas market presence [6] Financial Projections - The company forecasts revenues of CNY 1.02 billion, CNY 1.35 billion, and CNY 1.63 billion for 2024, 2025, and 2026, respectively [6][7] - Projected net profits for the same years are CNY 173 million, CNY 227 million, and CNY 279 million, with corresponding P/E ratios of 7.86, 5.99, and 4.88 [7][9]

Investment Rating - The investment rating for the company is "Buy" (maintained) [1] Core Views - The company's revenue and profit have slightly declined in the first half of 2024 due to weak demand in the railway market, with a revenue of 405 million yuan, down 7.02% year-on-year, and a net profit of 70 million yuan, down 3.53% year-on-year [2] - The gross margin has improved significantly, with a gross margin of 37.22%, up 2.67 percentage points year-on-year, while the net profit margin has also increased to 17.20%, up 0.62 percentage points year-on-year [3] - The trend of overseas expansion in the engineering machinery sector is confirmed, with rapid growth in the aftermarket business contributing to the company's profitability [4] - The company's net profit forecasts for 2024-2026 have been adjusted downwards due to the slowdown in railway demand, with projected net profits of 157 million yuan, 183 million yuan, and 219 million yuan respectively [4] Revenue and Profit Analysis - In H1 2024, the main machine product sales decreased by 10.63%, leading to a decline in overall revenue and profit levels [2] - The revenue from the railway market in H1 2024 was 230 million yuan, down 17.50% year-on-year, while the revenue from the water conservancy and hydropower market increased by 99.90% [2] Margin and Expense Analysis - The company's expense ratio increased slightly to 17.89%, with the sales expense ratio rising significantly due to increased market development efforts [3] - The gross margins for main products, aftermarket, and others were 35.85%, 44.48%, and 65.16% respectively, showing varying degrees of improvement [3] Future Outlook - The company is expected to benefit from the growth of its aftermarket services, which saw a significant increase in revenue by 153.35% year-on-year in H1 2024 [4] - The dynamic P/E ratios for the company are projected to be 9, 8, and 7 times for 2024, 2025, and 2026 respectively, indicating a favorable long-term growth potential [4]