Financial Performance - In 2024, the company's operating revenue was CNY 599,270,895.05, a decrease of 10.23% compared to CNY 667,597,285.73 in 2023[26] - The net profit attributable to shareholders was CNY 104,827,226.21, down 17.32% from CNY 126,780,610.61 in the previous year[26] - The basic earnings per share decreased to 1.04, a decline of 24.09% from 1.37 in 2023[26] - Operating income decreased by 10.23% to ¥599,270,895.05 compared to the previous year[31] - Net profit attributable to shareholders decreased by 1.68% to ¥104,827,226.21 compared to the performance forecast[31] - Cash flow from operating activities decreased by 42.87% to ¥58,961,638.97 compared to the previous year[28] - The net profit after deducting non-recurring gains and losses was ¥94,505,198.81, a decline of 21.83% from ¥120,901,218.05[46] - Net profit decreased by 18.29% compared to the previous year, attributed to reduced operating income and increased shipping costs[62] - The company's overseas revenue decreased by 15.67% compared to the previous year, primarily due to reduced demand for high-pressure hoses[70] Profitability and Margins - The gross profit margin improved to 48.85% in 2024, compared to 46.47% in 2023[26] - The company achieved a weighted average return on equity of 13.13%, down from 21.44% in 2023[26] - The interest coverage ratio decreased to 22.70 from 31.98 in the previous year[28] - The company’s inventory turnover ratio decreased to 1.39 from 2.19 in the previous year[28] Assets and Liabilities - Total assets increased by 16.19% to ¥1,226,228,872.06 compared to the end of 2023[28] - Total liabilities rose by 30.45% to ¥403,480,837.55 compared to the end of 2023[28] - Net assets attributable to shareholders increased by 10.49% to ¥822,761,011.23 compared to the end of 2023[28] - The company's cash and cash equivalents decreased by 32.23% to ¥265,980,849.36, primarily due to increased cash payments for fixed assets and intangible assets[53] - Accounts receivable increased by 48.94% to ¥168,759,669.64, attributed to the company's efforts to expand into overseas markets and extended credit terms for some customers[56] - Inventory rose by 60.63% to ¥269,827,555.29, mainly due to increased stock levels at overseas subsidiaries in the UAE and Saudi Arabia[56] Research and Development - The company continues to focus on the R&D and production of high-performance fluid transmission materials, including various types of hoses and pipelines[40] - Research and development expenses increased by 5.09% year-on-year, reflecting the company's commitment to innovation[61] - The total number of R&D personnel rose to 88, accounting for 16.98% of the total workforce, compared to 15.49% previously[90] - The company holds a total of 242 patents, including 44 invention patents, an increase from 31 in the previous period[91] Market Expansion and Strategy - The company opened a subsidiary in Saudi Arabia in December 2024, marking its expansion into the Middle Eastern market[9] - The company is actively expanding its overseas market presence, with clients in over 70 countries and regions, including Europe, the Middle East, and South America[52] - The company aims to leverage the "Belt and Road" initiative to enhance its competitiveness in international markets, particularly in the oil and gas sector[51] - The company plans to expand into new markets in the Middle East and Africa, integrating ESG principles into its operations to build a positive corporate image[110] Corporate Governance and Management - The company has established a comprehensive corporate governance structure and internal control system to ensure the protection of shareholder rights, particularly for minority shareholders[175] - The company has implemented a stock incentive plan, which was approved at the third extraordinary general meeting of shareholders on November 9, 2023[122] - The company has undergone a management change, with Huang Yuzhong stepping down as General Manager and Zhang Xiaohong taking over the role[160] - The company has established a system for accountability regarding significant errors in the annual report[174] Social Responsibility and Environmental Commitment - The company emphasizes the importance of environmental protection, adhering to all relevant laws and regulations while maintaining effective environmental measures in production[102] - The company is actively engaging in social responsibility initiatives, including community support and educational programs, to integrate social responsibility into its business development[101] - The company is committed to using environmentally friendly materials and ensuring occupational health and safety in its R&D processes[108] Financial Management and Funding - The company raised a total of CNY 297,153,000 through public offerings, with a net amount of CNY 269,435,596 after deducting fees[144] - The company plans to distribute a cash dividend of 3 RMB per 10 shares, with no stock bonus or capital increase proposed for the reporting period[154] - The company has ongoing bank loans totaling CNY 46,846,839.79, with interest rates ranging from 2.75% to 3.00%[148] - The loans from various banks indicate a diversified funding strategy for the company, with a focus on maintaining competitive interest rates[150]

Group 1 - The stock price of Zhongyu Technology reached a historical high, increasing by 3.49% to 22.25 yuan, with a trading volume of 858,300 shares and a transaction amount of 18.9752 million yuan, resulting in a turnover rate of 1.79% [1] - The latest total market capitalization of Zhongyu Technology in A-shares is 2.274 billion yuan, with a circulating market value of 1.07 billion yuan [1] - The basic chemical industry, to which Zhongyu Technology belongs, has an overall increase of 0.22%, with 206 stocks rising, including Jiangtian Chemical, Yinuowei, and Saitex New Materials, which rose by 4.43%, 4.17%, and 4.03% respectively [1] Group 2 - The latest margin trading data shows that the margin balance for Zhongyu Technology is 4.6074 million yuan, with a financing balance of 4.6074 million yuan, increasing by 1.1777 million yuan over the past 10 days, representing a growth of 34.34% [1] - According to the company's third-quarter report, Zhongyu Technology achieved an operating income of 437 million yuan in the first three quarters, a year-on-year decrease of 8.17%, and a net profit of 76.3139 million yuan, a year-on-year decrease of 17.13%, with basic earnings per share of 0.7500 yuan and a weighted average return on equity of 9.75% [1]

证券代码：871694 证券简称：中裕科技 公告编号：2025-009 中裕软管科技股份有限公司 关于完成工商变更登记并取得营业执照的公告 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、基本情况 中裕软管科技股份有限公司（以下简称"公司"）于 2024 年 12 月 16 日召 开第三届董事会第十七次会议、第三届监事会第十五次会议，于 2025 年 1 月 3 日召开 2025 年第一次临时股东大会，审议通过《关于减少公司注册资本暨修订 <公司章程>的议案》，具体内容详见公司于 2024 年 12 月 17 日在北京证券交易 所指定信息披露平台（www.bse.cn）披露的《关于减少注册资本暨修订<公司章 程>公告》（公告编号：2024-087）。 二、工商变更登记情况 目前，公司已完成工商变更登记、章程备案等手续并取得变更后的《营业执 照》。本次变更完成后，公司注册资本由 10229.80 万元变更为 10218.51 万元。除 上述变更外，《营业执照》记载的其他登记事项未发生变更。变更后的登记 ...

Group 1: Company Overview and Product Categories - The company offers four main product categories: high-pressure large-flow delivery hoses, ordinary lightweight delivery hoses, steel-lined modified polyurethane wear-resistant pipes, and flexible reinforced thermoplastic composite pipes [4] - High-pressure large-flow delivery hoses are designed for long-distance transport in complex environments, primarily used in shale oil and gas extraction, mining, and emergency water supply [4] - Ordinary lightweight delivery hoses are suitable for short-distance fluid transport, used in firefighting, municipal emergencies, and industrial applications [4] Group 2: International Market Presence - The company has established a presence in the overseas market with subsidiaries in the USA, UAE, and Saudi Arabia, with the Saudi subsidiary commencing operations in December 2024 [5] - The Saudi subsidiary focuses on local production of high-pressure large-flow delivery hoses, with plans to introduce flexible reinforced thermoplastic composite pipes and ordinary lightweight delivery hoses in 2025 [5] Group 3: R&D and Production Progress - The company is advancing its fundraising projects, with the steel-lined modified polyurethane wear-resistant pipe production line expected to be completed by the end of December 2025 [6] - The flexible reinforced thermoplastic composite pipe production project is also anticipated to be completed by the end of December 2025, affected by road construction and certification processes [6] Group 4: Sales Strategy and Market Balance - The company initially focused on international market development, gradually expanding into the domestic market, primarily selling under its own brand [7] - The company has become a major supplier for many domestic fire truck manufacturers, with improved success rates in emergency rescue project tenders [7] Group 5: Raw Material Management - The company maintains stable procurement prices for key raw materials like industrial yarn and TPU, managing to absorb some financial pressure from raw material reserves [8] - The company considers market price trends and production needs in its raw material procurement and production planning [8] Group 6: Impact of Tariffs and Strategic Goals - The company is mitigating the impact of increased tariffs on Chinese products in the US through inventory management and price negotiations with clients [9] - The strategic goal is to develop a comprehensive system for its four main products, targeting emergency rescue, resource extraction, and energy development sectors, while also expanding into high-end and intelligent product markets [10][11]

Financial Performance - The company's operating revenue for the reporting period was 605,243,548.47 yuan, a decrease of 9.34% compared to the same period last year[3] - The net profit attributable to shareholders was 106,616,030.03 yuan, down 15.91% year-on-year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 95,330,572.83 yuan, a decline of 21.04% compared to the previous year[5] - Basic earnings per share were 1.06 yuan, a decrease of 22.63% year-on-year[5] Assets and Equity - Total assets at the end of the reporting period were 1,221,524,229.17 yuan, an increase of 15.75% from the beginning of the period[4] - Shareholders' equity attributable to the company was 825,929,255.06 yuan, up 10.91% from the beginning of the period[4] - The net asset value per share attributable to shareholders was 8.07 yuan, an increase of 10.85% compared to the beginning of the period[4] Revenue Decline Factors - The decline in revenue was primarily due to reduced order quantities in the U.S. and Middle East markets and decreased demand for high-pressure large-flow delivery hoses[5] - Increased shipping costs and operational expenses from the establishment phase of subsidiaries in the UAE and Saudi Arabia contributed to the profit decline[5] Cautionary Note - The company emphasizes that the financial data is preliminary and subject to final confirmation in the annual report, urging investors to be cautious[8]

Group 1: Company Overview and Commitment - Zhongyu Technology Co., Ltd. ensures the authenticity, accuracy, and completeness of the announcement content, taking legal responsibility for any misrepresentation or omissions [2]. Group 2: Investor Relations Activity - On February 14, 2025, the company hosted a research event in Shanghai, attended by 9 institutions including Shenwan Hongyuan and Jianghai Securities [3][4]. - Key company representatives included the board members, the deputy general manager, the financial officer, and the investor relations director [3]. Group 3: Product Innovation and Competitive Advantage - The company has developed high-pressure, large-flow delivery hoses, leveraging founder Huang Yuzhong's experience and insights gained from the U.S. shale oil and gas market, which highlighted the inefficiencies of traditional steel pipes [4]. - The steel-lined modified polyurethane wear-resistant pipe offers superior wear resistance and longer service life compared to competitors' rubber-lined products [5]. - The flexible reinforced thermoplastic composite pipe has improved pressure resistance and high-temperature performance through the integration of steel fiber technology [6]. Group 4: Market Positioning and Strategy - The company primarily targets international markets due to its competitive product technology and the larger demand scale abroad, particularly in North America, South America, the Middle East, and Australia [7]. - The product strategy includes a comprehensive solution involving various types of hoses, enhancing market penetration [7]. Group 5: Emergency Rescue Applications - The company's products are utilized in firefighting and municipal drainage, with significant contributions during disasters like the Zhengzhou floods [8]. - The company has established itself as a major supplier for domestic fire truck manufacturers, improving its bid success rate in emergency rescue projects [8]. Group 6: Market Expansion in Australia and Saudi Arabia - In Australia, the company established an office in 2024 to cater to the growing demand for its products, with plans for capacity expansion on newly acquired land [9]. - The Saudi Arabian market has seen the establishment of a local production facility, with expectations for steady revenue growth as urban development progresses [10][11]. Group 7: Strategies for the U.S. Market - To enhance market share in the U.S., the company plans to focus on product innovation, market expansion, customer relationship management, and localized operations [12]. - The company aims to diversify its product offerings in the U.S. market to mitigate risks and improve competitiveness [12].

证券代码：871694 证券简称：中裕科技 公告编号：2025-005 中裕软管科技股份有限公司 回购股份注销完成暨股份变动公告 | 类别 | 注销前 | | 注销后 | | | --- | --- | --- | --- | --- | | | 数量（股） | 比例（%） | 数量（股） | 比例（%） | | 1.有限售条件股份 | 54,228,430 | 53.01% | 54,115,530 | 52.96% | | 2.无限售条件股份 | 48,069,570 | 46.99% | 48,069,570 | 47.04% | | （不含回购专户股份） | | | | | | 3.回购专户股份 | 0 | 0.00% | 0 | 0.00% | | ——用于股权激励或员工持 | 0 | 0.00% | 0 | 0.00% | | 股计划等 | | | | | | ——用于转换上市公司发行 | 0 | 0.00% | 0 | 0.00% | | 的可转换为股票的公司债券 | | | | | 二、 股权结构变动情况 | ——用于上市公司为维护公 | 0 | 0.00% | | 0 | 0.00% | | ...

证券代码：871694 证券简称：中裕科技 公告编号：2025-004 中裕软管科技股份有限公司 股权激励计划限制性股票解除限售公告 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、 本次股票解除限售数量总额为 562,340 股，占公司总股本 0.5497%，可交易 时间为 2025 年 1 月 23 日。 二、本次股票解除限售的明细情况及原因 单位：股 | | | 是否为控 | 董事、监 | 本次 | 本次解 | 本次变 | | 本次解除 | 尚未解 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | 股股东、 | 事、高级 | | | 更限售 | 变更后 | | | | 序 号 | 股东姓名 或名称 | 实际控制 人或其一 | 管理人 员任职 | 解限 售原 | 除限售 登记股 | 类型登 记股票 | 限售类 型 | 限售股数 占公司总 | 除限售 的股票 | | | | 致行动人 | 情况 | 因 | 票 ...

北京市盈科（苏州）律师事务所 地址：江苏省苏州市工业园区苏州大道东265号现代传媒广场21楼 电话：0512-68700889 传真：0512-68700889 北京市盈科（苏州）律师事务所 法律意见书 北京市盈科（苏州）律师事务所 关于中裕软管科技股份有限公司 2025 年第一次临时股东大会的 法律意见书 本所律师同意将本法律意见书作为本次股东大会公告的文件，并依法对出具 的法律意见书承担责任。 一、本次股东大会的召集、召开程序 邮编：215000 北京市盈科（苏州）律师事务所 法律意见书 北京市盈科（苏州）律师事务所 关于中裕软管科技股份有限公司 2025 年第一次临时股东大会的 法律意见书 致：中裕软管科技股份有限公司 北京市盈科（苏州）律师事务所（以下简称"本所"）接受中裕软管科技股份有 限公司（以下简称"公司"）的委托，指派本所律师出席公司 2025 年第一次临时 股东大会。本所律师依据《中华人民共和国公司法》（以下简称"《公司法》"） 《中华人民共和国证券法》（以下简称"《证券法》"）及《中裕软管科技股份有 限公司章程》（以下简称"《公司章程》"）的有关规定，对公司本次股东大会的 召集和召开程序、 ...

Group 1: Company Overview and Activities - Zhongyu Technology established a holding subsidiary in Saudi Arabia to align with the "Belt and Road" initiative and Saudi Arabia's Vision 2030 [4] - The Saudi subsidiary commenced operations on December 10, 2024, with over 100 representatives from the Saudi government and business community attending the opening ceremony [5] - The UAE wholly-owned subsidiary is currently in the construction phase and can fulfill small batch orders [6] Group 2: Market Expansion and Performance - Domestic market brand awareness is increasing, and market expansion has shown positive results [7] - The company is stabilizing its North American market while actively expanding into the Middle East, South America, Australia, and Russia [7] - The company's sales of high-pressure hoses are closely tied to oil prices, with stable sales when WTI crude oil prices are between $45-$65 per barrel [8][9] Group 3: Acquisitions and Innovations - In March 2024, the company acquired Pingyu Technology for RMB 780,000, enhancing its capabilities in emergency rescue equipment [10] - Pingyu Technology has strong technical innovation capabilities, holding multiple patents, which further strengthens the company's product line in the firefighting sector [10]