股票代码：600860 股票简称：京城股份 公告编号：临 2025-022 北 京 京 城 机 电 股 份 有 限 公 司 BEIJING JINGCHENG MACHINERY ELECTRIC COMPANY LIMITED (在中华人民共和国注册成立之股份有限公司) 关于召开 2024 年度暨 2025 年第一季度业绩说明会的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、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法律责任。 重要内容提示： 会议召开方式：上证路演中心网络互动 投资者可于 2025 年 5 月 26 日(星期一)16:00 前登录上证路演中心网站首 页点击"提问预征集"栏目或通过电话、传真或电子邮件方式向公司提问。公司 将在说明会上对投资者普遍关注的问题进行回答。 北京京城机电股份有限公司（以下简称"公司"）已分别于 2025 年 3 月 29 日发布公司 2024 年度报告、2025 年 4 月 30 日发布公司 2025 年第一季度报告， 为便于广大投资者更全面深入地了解公司 2024 年度及 2025 年第一季度经营成 果、财务状况，公司计划于 ...

氢能源概念股异动拉升 京城股份涨停 智通财经5月20日电，京城股份涨停，厚普股份、凯大催化涨超5%，亿华通、四川金顶、春晖智控、雄 韬股份、致远新能等跟涨。消息面上，北京市国资委近日组织氢能产业专题调研学习，将氢能产业作 为"十五五"规划研究重点方向。 ...

京城股份（600860）公告，公司全资附属公司北京天海氢能装备有限公司拟通过增资扩股方式引入投资 者。 ...

Revenue and Profit - The company achieved total revenue of 323 million yuan in Q1 2025, representing a year-on-year increase of 0.81% [1] - However, the net profit attributable to shareholders significantly declined to -11.91 million yuan, a year-on-year decrease of 82.59% [1] - The non-recurring net profit also performed poorly, recording -13.55 million yuan, down 38.53% year-on-year [1] Gross Margin and Net Margin - Despite the slight revenue growth, the company's gross margin reached 18.76%, an increase of 31.59% year-on-year, indicating improved cost control [2] - Conversely, the net margin fell to -3.26%, a year-on-year decrease of 213.36%, highlighting challenges in profitability [2] Expense Situation - In Q1, total sales, management, and financial expenses amounted to 41.02 million yuan, accounting for 12.7% of revenue, which is an increase of 3.7% compared to the same period last year [3] Cash Flow and Debt - As of the end of Q1, the company's cash and cash equivalents were 434 million yuan, a decrease of 9.86% year-on-year [4] - Accounts receivable reached 509 million yuan, a year-on-year increase of 21.34%, with accounts receivable accounting for 6806.41% of the latest annual net profit, indicating significant pressure in accounts receivable management [4] - Interest-bearing debt stood at 647 million yuan, a year-on-year increase of 22.49%, which requires attention regarding its impact on the company's financial condition [4] Per Share Metrics - The net asset per share was 1.96 yuan, a year-on-year increase of 1.21% [5] - The operating cash flow per share was -0.11 yuan, a year-on-year decrease of 9.84% [5] - Earnings per share were -0.02 yuan, reflecting a 100% year-on-year decrease, indicating dual pressure on profitability and cash flow [5] Business Model and Financing - The company's performance primarily relies on R&D, marketing, and equity financing [6] - Since its listing, the total financing amount has reached 952 million yuan, with total dividends amounting to 451 million yuan, resulting in a dividend financing ratio of 0.47, indicating relatively stable capital operations [6] Summary - Overall, while the company achieved a slight revenue increase in Q1 2025, it faces significant challenges in net profit, cash flow, and accounts receivable management [7] - Future efforts should focus on optimizing expense structure, enhancing accounts receivable management, and improving profitability [7]

Core Insights - The report highlights the changes in the Hong Kong Stock Connect holdings, indicating significant increases and decreases in ownership percentages for various companies [1][2][3] Group 1: Increased Holdings - Spring Medical (01858) saw the largest increase in holdings, up by 1.40%, bringing its total to 45.06% [2] - Yidu Tech (02158) experienced a 1.19% increase, with a new holding percentage of 20.69% [2] - Haotian International Investment (01341) increased by 1.14%, reaching a holding of 12.52% [2] - Other notable increases include Rongchang Bio (09995) at +0.65% (39.90%) and Chongqing Steel (01053) at +0.57% (27.51%) [2] Group 2: Decreased Holdings - Beijing Machinery (00187) had the largest decrease, down by 1.22% to 51.11% [2] - Hang Seng China Enterprises (02828) decreased by 0.67%, now at 0.59% [2] - First Tractor (00038) saw a reduction of 0.54%, with a holding of 51.88% [2] - Other significant decreases include Shandong Gold (01787) at -0.47% (50.26%) and Longyuan Power (00916) at -0.38% (49.85%) [2] Group 3: Five-Day Changes - Over the last five trading days, Beijing Machinery (00187) had the highest increase of 6.97%, now at 51.11% [3] - Chifeng Jilong Gold Mining (06693) increased by 6.85%, reaching 36.89% [3] - Boan Biotechnology (06955) rose by 4.29%, with a holding of 5.81% [3] - Significant decreases included Kelong Biotechnology (06990) at -3.02% (18.57%) and Hang Seng China Enterprises (02828) at -2.79% (0.59%) [3] Group 4: Twenty-Day Changes - In the last twenty days, October Rice (09676) saw the largest increase of 7.60%, now at 26.41% [4] - Dekang Agriculture (02419) increased by 4.67%, with a holding of 8.85% [4] - Yunding New Drug-B (01952) rose by 4.50%, reaching 48.80% [4] - The largest decrease was seen in Poly Property (06049) at -27.38% (21.97%) [4]

Financial Performance - The company's operating revenue for Q1 2025 was RMB 323,134,237.51, representing a year-on-year increase of 0.81% compared to RMB 320,532,749.36 in the same period last year[7]. - The net profit attributable to shareholders of the listed company was a loss of RMB 11,910,593.71, compared to a loss of RMB 6,523,098.03 in the previous year, indicating a worsening performance[7]. - The basic and diluted earnings per share were both negative at RMB -0.02, worsening from RMB -0.01 in the previous year[7]. - Operating profit for Q1 2025 was a loss of RMB 8.31 million, compared to a profit of RMB 841,911.63 in Q1 2024[30]. - Net profit for Q1 2025 was a loss of RMB 10.54 million, compared to a loss of RMB 3.34 million in Q1 2024, indicating a worsening performance[30]. - The company reported a total comprehensive loss of RMB 10.65 million for Q1 2025, compared to a loss of RMB 2.96 million in Q1 2024[33]. Cash Flow - The net cash flow from operating activities was a negative RMB 58,387,506.08, compared to a negative RMB 53,158,582.98 in the same period last year[7]. - Cash inflow from operating activities for Q1 2025 was $278,458,588.43, an increase of 10.5% compared to $252,097,350.35 in Q1 2024[36]. - Cash outflow from operating activities for Q1 2025 was $336,846,094.51, up from $305,255,933.33 in Q1 2024, resulting in a net cash flow from operating activities of -$58,387,506.08[37]. - The net increase in cash and cash equivalents for Q1 2025 was -$59,948,143.08, compared to -$23,313,247.67 in Q1 2024[38]. - The ending balance of cash and cash equivalents for Q1 2025 was $350,624,246.30, down from $406,535,570.78 in Q1 2024[40]. Assets and Liabilities - The total assets at the end of the reporting period were RMB 3,088,657,749.09, a slight increase of 0.07% from RMB 3,086,613,319.89 at the end of the previous year[9]. - The total liabilities as of March 31, 2025, were RMB 1.68 billion, an increase from RMB 1.67 billion as of December 31, 2024[27]. - Current liabilities totaled RMB 967,760,245.92, up from RMB 961,752,691.05, indicating an increase of approximately 0.8%[26]. - Total non-current assets were RMB 1,612,573,383.85, a slight decrease from RMB 1,616,549,071.25[25]. - The company's cash and cash equivalents decreased to RMB 433,792,851.69 from RMB 482,988,509.97, reflecting a decline of approximately 10.2%[24]. Shareholder Equity - The equity attributable to shareholders of the listed company decreased by 0.84% to RMB 1,075,096,336.77 from RMB 1,084,156,625.22 at the end of the previous year[9]. - Total equity attributable to shareholders was RMB 1.08 billion as of March 31, 2025, a slight decrease from RMB 1.08 billion as of December 31, 2024[27]. - The weighted average return on equity was -1.10%, down from -0.61% in the same period last year[7]. Research and Development - Research and development expenses increased significantly, contributing to the net loss for the period[14]. - Research and development expenses increased significantly to RMB 23.20 million in Q1 2025, up from RMB 14.17 million in Q1 2024, representing a growth of 63.73%[29]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 42,339[17]. - The company completed the initial grant registration of its 2023 restricted stock incentive plan on December 28, 2023[21]. - A total of 180,000 shares of restricted stock will be repurchased and canceled due to five individuals no longer meeting the incentive criteria[22]. - The company aims to enhance its long-term incentive mechanism to attract and retain talent, aligning the interests of shareholders, the company, and employees[21].

Financial Performance - The company's operating revenue for Q1 2025 was CNY 323,134,237.51, representing a year-on-year increase of 0.81% compared to CNY 320,532,749.36 in the same period last year[4] - The net profit attributable to shareholders of the listed company was a loss of CNY 11,910,593.71, worsening from a loss of CNY 6,523,098.03 in the previous year[4] - The net cash flow from operating activities was a negative CNY 58,387,506.08, compared to a negative CNY 53,158,582.98 in the same period last year[4] - The basic and diluted earnings per share were both -CNY 0.02, compared to -CNY 0.01 in the previous year[4] - The weighted average return on net assets was -1.10%, down from -0.61% in the previous year[5] - The company reported a net loss of CNY 10,544,748.27 for the current period, compared to a net loss of CNY 3,337,927.48 in the previous period, indicating a significant decline in profitability[21] - Operating profit was recorded at CNY -8,309,852.90, a decrease from CNY 841,911.63 in the prior period, reflecting operational challenges[21] - The total comprehensive income for the current period was CNY -10,652,484.67, compared to CNY -2,962,307.66 in the previous period, indicating worsening overall financial health[22] Assets and Liabilities - Total assets at the end of the reporting period were CNY 3,088,657,749.09, a slight increase of 0.07% from CNY 3,086,613,319.89 at the end of the previous year[5] - Total liabilities as of March 31, 2025, were CNY 1,683,562,045.52, compared to CNY 1,674,456,080.34 at the end of 2024[17] - The company's total equity decreased from CNY 1,412,157,239.55 at the end of 2024 to CNY 1,405,095,703.57 as of March 31, 2025[17] - Cash and cash equivalents at the end of the period decreased to CNY 350,624,246.30 from CNY 406,535,570.78, reflecting liquidity challenges[27] Research and Development - The company increased its R&D investment, leading to a rise in R&D expenses compared to the previous year, which contributed to the net loss[7] - Research and development expenses increased to CNY 23,198,840.51, up from CNY 14,171,174.83, highlighting a focus on innovation[21] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 42,339[9] - The largest shareholder, Beijing Jingcheng Electromechanical Holding Co., Ltd., held 44.87% of the shares, totaling 245,735,052 shares[10] Incentive Plans - The company completed the registration of its 2023 restricted stock incentive plan on December 28, 2023[11] - A total of 180,000 shares of restricted stock will be repurchased and canceled due to five individuals no longer meeting the incentive criteria[12] - The company aims to enhance its long-term incentive mechanism to attract and retain talent through the 2023 incentive plan[11] - The company will continue to fulfill its information disclosure obligations regarding the implementation progress of the incentive plan[12] Cash Flow and Financing - The company generated CNY 95,000,000.00 from financing activities, an increase from CNY 80,000,000.00 in the prior period, indicating improved access to capital[27] - Sales revenue from goods and services received was CNY 235,009,441.51, down from CNY 247,210,957.93, indicating a decline in sales performance[26] - The company incurred interest expenses of CNY 4,893,264.61, an increase from CNY 3,855,681.04, which may impact future profitability[21] - The company reported a decrease in investment income to CNY 216,302.05 from CNY 5,361,192.86, reflecting challenges in investment performance[21]

Group 1 - The core viewpoint of the news is that China is leading the global hydrogen energy industry, with a projected production and consumption scale exceeding 36.5 million tons in 2024, making it the world's largest producer [1] - By the end of 2024, China is expected to account for over 50% of the global renewable energy hydrogen production capacity, which will exceed 250,000 tons per year [1][2] - The domestic fuel cell vehicle (FCV) application is steadily advancing, with over 540 hydrogen refueling stations established and approximately 24,000 fuel cell vehicles promoted [1] Group 2 - More than 560 hydrogen energy-specific policies have been issued nationwide, with 22 provincial-level administrative regions incorporating hydrogen energy into their government work reports [2] - The National Energy Administration plans to coordinate with relevant departments to promote a scientific and reasonable layout of the hydrogen energy industry based on local conditions [2] - The hydrogen energy and fuel cell industry is expected to enter a rapid growth phase by 2025, with significant acceleration in the deployment of fuel cell vehicles and green hydrogen projects [2] Group 3 - Related Hong Kong stocks in the hydrogen energy industry include: Jingcheng Electric (00187), Guofu Hydrogen Energy (02582), Guohong Hydrogen Energy (09663), Yihuatong (02402), Reshaping Energy (02570), China International Marine Containers (03899), Weichai Power (02338), China National Heavy Duty Truck Group (03808), and China Xuyang Group (01907) [3]

Financial Performance - The net profit attributable to shareholders for the reporting period was RMB 7,477,000, while the undistributed profit at the end of the year was a loss of RMB 709,876,600[6][8]. - Due to negative undistributed profits, the company proposed not to distribute any profit or capitalize capital reserves for the year 2024, pending approval at the AGM[6][8]. - Beijing Jingcheng Machinery Electric Company Limited reported significant growth in revenue, achieving a total of RMB 1.2 billion, representing a 15% increase year-over-year[27]. - The company’s net profit for the period was RMB 150 million, reflecting a 10% increase compared to the previous year[27]. - Operating income for 2024 reached ¥1,648,860,246.58, representing a 17.32% increase compared to ¥1,405,495,692.08 in 2023[42]. - Net profit attributable to shareholders of the listed company was ¥7,477,047.53 in 2024, a significant recovery from a loss of ¥51,675,143.59 in 2023[42]. - The company achieved operating income of approximately RMB 1.649 billion, representing an increase of approximately 17.32% compared to the same period last year[115]. - The company’s total profit increased by approximately RMB 93.11 million year on year[191]. Market and Competition - The company faces intensified market competition, necessitating a focus on technological self-reliance and innovation to enhance market share[16]. - The company anticipates continued growth in market demand for industrial robots and automation, supported by national policies, but remains cautious of macroeconomic fluctuations impacting business operations[16]. - The overall development trend of China's industrial gas market is stable, but the gas cylinder market demand is lower than expected due to economic challenges in 2024[73]. - The automation equipment industry is facing challenges such as technological upgrades and intensified market competition, necessitating continuous innovation to enhance core competitiveness[88]. - The company aims to strengthen its leading position in the industrial gas cylinder market and enhance profitability through optimized product structures[177]. Research and Development - Investment in R&D has increased by 30%, focusing on innovative technologies in machinery and electric systems[27]. - The company made substantial R&D investments, resulting in 6 enterprises recognized as "Specialized and Sophisticated Enterprises" and 7 as High- and New-Technology Enterprises[63]. - The company maintains a high level of R&D investment, with 6 specialized enterprises and 7 high-tech enterprises recognized within its system, achieving breakthroughs in key technologies related to hydrogen storage and transportation[68]. - Research and development expenses amounted to RMB 69,021,375.00, representing 4.19% of total operating income[142]. Strategic Initiatives - The company is involved in a reorganization that includes issuing shares and cash payments to acquire equity interests in BYTQ[22]. - The company plans to invest in Shanghai Sunwise Energy Systems Co., Ltd. to gain control over the company[22]. - The company is focused on expanding its market presence through strategic acquisitions and investments[22]. - The company has established over 30 distribution offices nationwide, achieving full geographical coverage and serving major automobile manufacturers[103]. - The company has set up eight overseas sales offices in countries including the United States, Singapore, Korea, India, and Australia[103]. Operational Efficiency - The company enhanced its operational quality and efficiency by increasing extended services and improving warehousing and logistics capacity for small and medium-sized customers[61]. - The company has implemented a performance appraisal and salary system to retain talents and foster a strong corporate culture[107]. - The company has strengthened vertical integration across the industry chain, enhancing synergies in R&D, production, and marketing[113]. Financial Management - Net cash flows generated from operating activities were negative at -¥57,592,661.96 in 2024, down from positive cash flows of ¥66,359,922.32 in 2023[42]. - Cash inflows from investing activities increased by approximately 441.91% year-on-year to RMB 17.21 million, mainly from the disposal of fixed assets[144]. - Accounts receivable increased by 29.81% year-on-year to RMB 499.87 million, attributed to longer credit periods given to customers[149]. - Short-term borrowings increased by 64.29% year-on-year to RMB 230 million, primarily due to increased bank borrowings by subsidiaries[149]. Future Outlook - The company provided a positive outlook for the next quarter, projecting a revenue growth of 12% to RMB 1.35 billion[27]. - The company aims to achieve high-quality development by focusing on market expansion, technological innovation, and operational efficiency, aligning with the "14th Five-Year Plan" goals[65]. - The company anticipates a pivotal phase in the industrial robot market characterized by technological integration and market expansion by 2025[175]. - The hydrogen energy and fuel cell market in China is still in the early stages, primarily dominated by commercial vehicles[190].

Group 1 - The company will hold its first extraordinary general meeting of shareholders in 2025, along with the first A-share and H-share category shareholder meetings on April 28, 2025, starting at 9:30 AM [1][5] - The meetings will be convened by the board of directors, and the voting will be conducted through a combination of on-site and online methods [1][5] - The location for the on-site meeting is the company's conference room at No. 6 Rongchang East Street, Daxing District, Beijing, China [2] Group 2 - The online voting system will be the Shanghai Stock Exchange's shareholder meeting online voting system, with voting available from 9:15 AM to 3:00 PM on the day of the meeting [3] - Specific voting procedures for margin trading, transfer, and other related accounts must comply with the relevant regulations [4] - There will be no public solicitation of shareholder voting rights [5] Group 3 - The meeting will review several proposals, including those approved in previous board meetings, with specific resolutions for the extraordinary general meeting and the A-share and H-share meetings [6][7] - Special resolutions will include proposals that require separate voting for minority investors and those involving related shareholders [8][9] - The voting process will allow shareholders with multiple accounts to aggregate their voting rights across all accounts [10][11] Group 4 - Shareholders must register to attend the meeting, providing necessary identification and documentation [12][13] - The company will cover the meeting's logistics, but attendees are responsible for their own travel and accommodation expenses [13] - Contact information for the company is provided for any inquiries regarding the meeting [13]