北京广厦环能科技股份有限公司 第四届董事会第三次会议决议公告 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。 一、会议召开和出席情况 （一）会议召开情况 证券代码：873703 证券简称：广厦环能 公告编号：2024-105 7.召开情况合法、合规、合章程性说明： 本次会议的召集、召开、审议程序等方面符合相关法律法规、部门规章、范 性文件和《公司章程》的规定。 （二）会议出席情况 会议应出席董事 5 人，出席和授权出席董事 5 人。 董事韩军因工作原因以通讯方式参与表决。 董事任淑彬、朱小琳因个人原因以通讯方式参与表决。 二、议案审议情况 （一）审议通过《关于对全资子公司廊坊广厦新源石化设备制造有限公司增资的 1.会议召开时间：2024 年 10 月 15 日 2.会议召开地点：公司会议室 5.会议主持人：董事长韩军女士 6.会议列席人员：公司监事、高级管理人员、董事会秘书 基于公司战略发展规划及全资子公司廊坊广厦新源石化设备制造有限公司 （以下简称"廊坊广厦"）业务发展需要，公司拟以自有资金对廊坊广厦 ...

| 日期 | 代码 | 简称 | 成交价 | 成交数量（股） | 买入营业部 | 卖出营业部 | | --- | --- | --- | --- | --- | --- | --- | | 2024-10- 10 | 873703 | 广厦环能 | 21.81 | 50000 | 中泰证券股份有限公 司云南分公司 | 国信证券股份有限公 司昆明安康路证券营 | | | | | | | | 业部 | | 2024-10- 10 | 872931 | 无锡鼎邦 | 8.3 | 100000 | 中泰证券股份有限公 司云南分公司 | 国信证券股份有限公 司昆明安康路证券营 | | | | | | | | 业部 | | 2024-10- 10 | 835640 | 富士达 | 11.37 | 500000 | 开源证券股份有限公 司西安锦业一路证券 | 开源证券股份有限公 司德清舞阳街营业部 | | | | | | | 营业部 | | | 2024-10- 10 | 872925 | 锦好医疗 | 15.32 | 100000 | 东吴证券股份有限公 司上海西藏南路证券 | 广发证券股份有限公 司惠州下埔路营业部 | ...

Investment Rating - The report gives an "Accumulate" rating for the company for the first time [1]. Core Viewpoints - The company is a leading enterprise in the efficient heat exchanger industry, focusing on enhanced heat transfer technology and high-efficiency heat exchange equipment since its establishment in 2001. It has achieved significant operating results, with a CAGR of 8.05% in revenue from 2019 to 2023, and a 32.08% year-on-year growth in net profit for the first half of 2024 [2][3]. - The heat exchanger industry is transitioning towards high efficiency and low carbon, with a broad range of downstream applications. The market size has been steadily increasing, with a CAGR of approximately 11.05% from 2016 to 2022. The demand from downstream sectors such as refining, petrochemicals, and modern coal chemical industries is stable and growing [2][36]. - The company has a clear technical advantage and strong collaboration with major clients, with plans for capacity expansion to meet high growth demand. The company has increased its R&D investment, with R&D expenses rising from 0.12 billion to 0.24 billion from 2019 to 2023, and a projected increase in capacity by 10,000 tons by the end of 2025 [3][36]. Summary by Sections 1. Company Overview - The company specializes in enhanced heat transfer technology and high-efficiency heat exchange equipment, having established a professional technical team and achieved over 90 independent patents [14][22]. 2. Industry Trends - The heat exchanger market is expected to grow significantly, driven by stable demand in downstream applications such as refining and petrochemicals, with the market size reaching 1,426 billion in 2021 [36][38]. 3. Financial Performance - The company’s revenue and net profit have shown consistent growth, with a revenue of 3.44 billion in the first half of 2024, reflecting a 32.08% year-on-year increase [2][25]. The projected net profit for 2024-2026 is expected to grow by 21.21%, 13.50%, and 11.68% respectively [3]. 4. Technical and Operational Strengths - The company has a strong focus on R&D, with a notable increase in R&D expenses and a stable gross margin of around 40-50%. The company has also maintained a strong client base, including major players like Sinopec and China National Petroleum [3][31].

证券代码：873703 证券简称：广厦环能 公告编号：2024-104 北京广厦环能科技股份有限公司 关于完成注销分公司的公告 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、注销情况 企业类型：股份有限公司分公司 负责人：韩军 北京广厦环能科技股份有限公司（以下简称"公司"）于 2024 年 6 月 7 日分 别召开了第三届董事会第二十二次会议和第三届监事会第十七次会议，审议通过 了《关于拟注销北京广厦环能科技股份有限公司大兴分公司的议案》。 近日，公司收到北京市大兴区市场监督管理局出具的《登记通知书》和《注 销核准通知书》，公司大兴分公司于 2024 年 8 月 19 日完成注销手续。 二、注销分公司的基本情况 公司本次注销的大兴分公司基本情况如下： 企业名称：北京广厦环能科技股份有限公司大兴分公司 成立日期：2017 年 9 月 26 日 营业场所：北京市大兴区金星西路 6 号院 1 号楼 6 层 602 经营范围：技术开发、转让、咨询、服务；销售机械设备、电子产品、电气 设备；产品设计。（企 ...

关于完成注销分公司的公告 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、注销情况 北京广厦环能科技股份有限公司（以下简称"公司"）于 2024 年 6 月 7 日分 别召开了第三届董事会第二十二次会议和第三届监事会第十七次会议，审议通过 了《关于拟注销北京广厦环能科技股份有限公司大兴分公司的议案》。 近日，公司收到北京市大兴区市场监督管理局出具的《登记通知书》和《注 销核准通知书》，公司大兴分公司于 2024 年 8 月 19 日完成注销手续。 二、注销分公司的基本情况 证券代码：873703 证券简称：广厦环能 公告编号：2024-104 北京广厦环能科技股份有限公司 公司本次注销的大兴分公司基本情况如下： 企业名称：北京广厦环能科技股份有限公司大兴分公司 企业类型：股份有限公司分公司 负责人：韩军 成立日期：2017 年 9 月 26 日 营业场所：北京市大兴区金星西路 6 号院 1 号楼 6 层 602 经营范围：技术开发、转让、咨询、服务；销售机械设备、电子产品、电气 设备；产品设计。（企 ...

Investment Rating - The report gives a "Buy" rating for the company, indicating a positive outlook for its future performance [1]. Core Views - The company specializes in high-efficiency heat exchangers, serving major clients such as China National Petroleum and China Petroleum & Chemical [1][8]. - The company has shown steady revenue growth, with a projected revenue of 6.80 billion yuan in 2024, representing a year-on-year increase of 29.73% [1][3]. - The company is actively expanding into new fields such as new materials, nuclear energy, and LNG, while also exploring international markets [1][17]. Summary by Sections Focus on High-Efficiency Heat Exchangers - The company is recognized as a national-level specialized "little giant" and has established strong relationships with large enterprises [1][8]. - Its products are widely used in various sectors, including refining, petrochemicals, and modern coal chemicals [1][8]. Continuous Business Expansion and Strong R&D Capability - The company has maintained a compound annual growth rate of 10.15% in revenue over the past five years [17]. - In the first half of 2024, the company achieved a revenue of 3.44 billion yuan, a year-on-year increase of 29.73% [1][17]. - The company has a robust pipeline of projects, including successful bids for significant contracts in Uzbekistan and China [1][17]. Stable Development of Downstream Industries and New Opportunities from Policies - The company benefits from stable growth in downstream industries, with China's oil refinery daily capacity reaching 18,484 thousand barrels per day in 2023 [1][33]. - Recent policies aimed at energy efficiency and carbon reduction present new opportunities for the company's business [1][40]. Profit Forecast and Investment Rating - The company is expected to generate revenues of 6.80 billion yuan, 7.82 billion yuan, and 8.76 billion yuan from 2024 to 2026, with corresponding net profits of 1.59 billion yuan, 1.82 billion yuan, and 2.06 billion yuan [1][3]. - The projected earnings per share (EPS) for the same period are 1.48 yuan, 1.69 yuan, and 1.91 yuan, with price-to-earnings (PE) ratios of 10.64, 9.32, and 8.22 respectively [1][3].

证券代码：873703 证券简称：广厦环能 公告编号：2024-102 北京广厦环能科技股份有限公司 关于注销部分募集资金现金管理专用结算账户的公告 鉴于公司在中信建投证券股份有限公司开立的现金管理专用结算账户购买 的产品已到期赎回，且后期不再使用前述账户开展现金管理业务，根据公司《募 集资金使用管理办法》的相关规定，公司于 2024 年 8 月 12 日办理完毕该募集资 金专用结算账户的注销手续。 | 序号 | 开户机构 | 账户主体 | 账号 | 状态 | | --- | --- | --- | --- | --- | | 1 | 中信建投证券股 | 北京广厦环能科 | 36821841 | 已注销 | | | 份有限公司 | 技股份有限公司 | | | 目前募集资金现金管理专用结算账户具体信息如下： | | 招商银行股份有 | 廊坊广厦新源石 | | | | --- | --- | --- | --- | --- | | 2 | 限公司北京大兴 | 化设备制造有限 | 110945599810000 | 正常使用中 | | | 支行 | 公司 | | | 特此公告。 北京广厦环能科技股份有限公司 董事会 ...

证券代码：873703 证券简称：广厦环能 公告编号：2024-102 二、本次募集资金现金管理专用结算账户的注销情况 鉴于公司在中信建投证券股份有限公司开立的现金管理专用结算账户购买 的产品已到期赎回，且后期不再使用前述账户开展现金管理业务，根据公司《募 集资金使用管理办法》的相关规定，公司于 2024 年 8 月 12 日办理完毕该募集资 金专用结算账户的注销手续。 | 序号 | 开户机构 | 账户主体 | 账号 | 状态 | | --- | --- | --- | --- | --- | | 1 | 中信建投证券股 | 北京广厦环能科 | 36821841 | 已注销 | | | 份有限公司 | 技股份有限公司 | | | 目前募集资金现金管理专用结算账户具体信息如下： | | 招商银行股份有 | 廊坊广厦新源石 | | | | --- | --- | --- | --- | --- | | 2 | 限公司北京大兴 | 化设备制造有限 | 110945599810000 | 正常使用中 | | | 支行 | 公司 | | | 特此公告。 北京广厦环能科技股份有限公司 关于注销部分募集资金现金管理专用结算 ...

Investment Rating - The report gives an "Accumulate" rating for the company, marking its first coverage [2]. Core Viewpoints - The company, Guangsha Huaneng, specializes in high-efficiency heat exchangers and has shown stable revenue growth, with a projected revenue of 344 million yuan for H1 2024, representing a year-on-year increase of 29.73% [2][3]. - The net profit for H1 2024 is expected to reach 95.15 million yuan, reflecting a year-on-year growth of 32.08% [2][3]. - The company is positioned as a national-level "little giant" and high-tech enterprise, with its proprietary technology included in the national low-carbon technology promotion directory [2][3]. Summary by Sections 1. High-Throughput Heat Exchangers - High-throughput heat exchangers are critical for refining and chemical processes, contributing to cost reduction and efficiency improvements [12]. - The company has extensive experience in benchmark projects, supplying 18 out of 22 new ethylene units in China from 2020 to 2022 [3][19]. 2. Revenue and Profitability - The company expects total revenue to grow from 583 million yuan in 2024 to 764 million yuan in 2026, with corresponding net profits of 144 million yuan and 174 million yuan [5][11]. - The gross profit margin is projected to rebound to 51% in H1 2024, with high-throughput heat exchangers contributing over 50% of revenue and gross profit [3][5]. 3. Market Expansion and Export - The company has successfully replaced imports with domestic products, becoming the sole supplier of high-efficiency heat exchangers for certain processes in China [3][19]. - It has also won bids for international projects, including a successful bid for an MTO project in Uzbekistan, marking its first direct export [3][19]. 4. Industry Growth Potential - The refining capacity in China has reached 920 million tons, with ongoing projects expected to further increase demand for high-efficiency heat exchangers [19][24]. - The company is also exploring applications in nuclear energy and LNG cold energy sectors, which present significant growth opportunities [30][31]. 5. Financial Projections - The report forecasts earnings per share (EPS) of 1.34 yuan, 1.44 yuan, and 1.61 yuan for 2024, 2025, and 2026 respectively, with corresponding price-to-earnings (P/E) ratios of 11.6, 10.8, and 9.7 [5][11].

证券代码：873703 证券简称：广厦环能 公告编号：2024-102 北京广厦环能科技股份有限公司 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 （线上会议） 二、 投资者关系活动情况 活动时间：2024 年 8 月 1 日至 2024 年 8 月 5 日 活动地点：公司会议室 参会单位及人员：共有 39 家投资机构参会，开源证券、中欧基金、富国基 金、中银基金、中科沃土基金、广银理财、国泰君安、国投证券、中泰证券、东 方财富证券、工银国际、东莞证券、巨鹿投资、杭州弈宸私募基金管理有限公司、 深圳市国晖投资有限公司、上海汇瑾资产管理有限公司、广东钜洲投资有限责任 公司、深圳拓朴私募股权基金管理有限公司、深圳中天汇富基金管理有限公司、 方正证券、首创资管、上海颢升私募基金管理有限公司、第一创业证券、上海顶 天投资有限公司、平安银行、金股证券投资咨询广东有 ...