1 一、公司董事、高级管理人员 序号 姓名 职务 1 由瑞凯 董事长 二、核心技术人员和管理骨干 | 序号 | 姓名 | 序号 | 姓名 | | --- | --- | --- | --- | | 1 | 陆银烽 | 9 | 杨万娟 | | 2 | 赵双宝 | 10 | 石安 | | 3 | 郭进 | 11 | 冯腊初 | | 4 | 吴清平 | 12 | 崔爱新 | | 5 | 石汀 | 13 | 魏辽国 | | 6 | 蒋军海 | 14 | 汪杰 | | 7 | 王志利 | 15 | 杨在华 | | 8 | 杨帆 | / | / | 上海振华重工（集团）股份有限公司 2023 年股票期权激励计划预留授予激励对象名单 ...

上海振华重工（集团）股份有限公司 2024 年第一次临时股东大会 二○二四年十一月二十五日 振华重工 2024 年第一次临时股东大会 会议资料 会 议 议 程 一、《关于审议<增选李振先生为公司董事>的议案》 ....1 振华重工 2024 年第一次临时股东大会 会议资料 振华重工 2024 年第一次临时股东大会会议资料之一 会议资料 附件 1： 李振先生，1971 年生，男，本科学历，工商管理硕士， 正高级会计师。1994 年 7 月参加工作，2002 年 3 月起，先 后任上海港机股份有限公司财务总监，上海港机重工有限公 司总会计师，中交第三航务工程勘察设计院有限公司总会计 师、总法律顾问、党委常委、董事，中国交建长三角区域总 部党工委委员、副总经理，江苏分公司副总经理，中交华东 投资发展有限公司总会计师。2022 年 1 月任中国交建海西区 域总部党工委委员、副总经理，福建分公司副总经理、中交 海西投资有限公司总会计师。现任公司党委常委、财务总监。 关于审议《增选李振先生为公司董事》的议案 各位股东： 经公司第九届董事会第五次会议审议通过，董事会同意 增选李振先生为公司第九届董事会董事候选人，任期自股东 ...

Investment Rating - The report assigns an "Accumulate" rating for the company, marking its first coverage [2][4]. Core Insights - The company, Zhenhua Heavy Industries, reported impressive year-on-year growth in its performance for the first three quarters of 2024, achieving a revenue of 25.363 billion yuan, up 12.67%, and a net profit attributable to shareholders of 433 million yuan, up 35.43% [4]. - The company is a global leader in port machinery, maintaining the highest market share for its quay crane products for over 20 years, with products sold in 107 countries and regions [4]. - The port machinery industry is experiencing increased demand for automation, high-end, green, and intelligent solutions, leading to a rise in procurement needs for new and upgraded automated terminals [4]. Financial Performance Summary - For Q3 2024, the company reported a revenue of 8.133 billion yuan, down 10.65% year-on-year and 7.41% quarter-on-quarter, while the net profit reached 126 million yuan, up 218.01% year-on-year but down 7.50% quarter-on-quarter [4]. - The gross margin for Q3 2024 was 12.93%, an increase of 0.63 percentage points year-on-year, and the net margin was 2.30%, up 1.42 percentage points year-on-year [4]. - The company expects revenue growth rates of 10.50%, 9.20%, and 9.80% for the years 2024, 2025, and 2026, respectively, with net profit growth rates of 59.46%, 29.89%, and 30.23% for the same years [4][5]. Financial Projections - Revenue projections for 2024, 2025, and 2026 are 36.391 billion yuan, 39.739 billion yuan, and 43.634 billion yuan, respectively [5]. - The projected net profit for the same years is 829 million yuan, 1.077 billion yuan, and 1.403 billion yuan, respectively [5]. - The price-to-earnings (P/E) ratios for 2024, 2025, and 2026 are expected to be 27.64, 21.28, and 16.34, respectively [5].

Investment Rating - The report maintains an "Accumulate" rating for the company with a target price of RMB 5.25 [7][9]. Core Views - The company reported a 35.43% year-on-year increase in net profit attributable to shareholders for the first three quarters, with a total revenue of RMB 253.63 billion, reflecting a 12.67% year-on-year growth [1]. - The marine engineering market is showing signs of recovery, which supports the positive outlook for the company's performance [1]. - The company is recognized as a global leader in the port machinery industry, with its products sold in over 107 countries and regions, indicating strong international business expansion [3]. Financial Performance - For Q3, the company achieved a revenue of RMB 8.133 billion, down 10.65% year-on-year and 7.41% quarter-on-quarter, while net profit reached RMB 1.26 billion, up 218.01% year-on-year [1]. - The gross margin for the first three quarters was 12.38%, a slight decrease of 0.11 percentage points year-on-year, but Q3 saw a gross margin of 12.93%, an increase of 0.63 percentage points year-on-year [2]. - The company forecasts net profits for 2024-2026 to be RMB 8.3 billion, RMB 13.0 billion, and RMB 15.3 billion, with year-on-year growth rates of 60%, 56%, and 17% respectively [5]. Industry Positioning - The company is the largest manufacturer of heavy equipment for port machinery globally, continuously expanding its product sales and international presence [3]. - The company is innovating in line with industry trends towards high-end, green, and intelligent solutions, enhancing its competitiveness in the international market [4]. Valuation Metrics - The report estimates the company's earnings per share (EPS) for 2024, 2025, and 2026 to be RMB 0.16, RMB 0.25, and RMB 0.29 respectively, with corresponding price-to-earnings (PE) ratios of 25.81, 16.53, and 14.08 [6][5]. - The company's market capitalization is reported at RMB 21.495 billion, with a closing price of RMB 4.08 as of October 30 [9].

Financial Performance - The company's operating revenue for Q3 2024 was ¥8,133,301,943, a decrease of 10.65% compared to the same period last year[2] - Net profit attributable to shareholders for Q3 2024 was ¥126,377,874, an increase of 218.01% year-on-year[2] - The net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2024 was ¥15,492,668, a decrease of 87.09% compared to the same period last year[2] - The basic earnings per share for Q3 2024 was ¥0.023, an increase of 228.57% year-on-year[3] - Total operating revenue for the first three quarters of 2024 reached CNY 25.36 billion, an increase of 12.9% compared to CNY 22.51 billion in the same period of 2023[14] - Net profit for the first three quarters of 2024 was CNY 603.86 million, a significant increase of 36.1% compared to CNY 443.84 million in the same period of 2023[15] - The net profit attributable to the parent company for the first three quarters of 2024 reached CNY 398,744,116, an increase from CNY 362,236,879 in the same period of 2023, reflecting a growth of approximately 10%[16] - The total comprehensive income for the first three quarters of 2024 was CNY 561,135,842, compared to CNY 503,485,846 in 2023, indicating an increase of about 11.4%[16] Cash Flow and Liquidity - The net cash flow from operating activities for the year-to-date period was ¥2,062,757,459, an increase of 75.68% compared to the same period last year[2] - The net cash flow from operating activities for the first three quarters of 2024 was CNY 2,062,757,459, significantly higher than CNY 1,174,147,131 in the same period of 2023, representing an increase of approximately 75.5%[17] - Cash inflows from operating activities totaled CNY 26,273,216,794, while cash outflows were CNY 24,210,459,335, resulting in a net cash inflow of CNY 2,062,757,459[17] - The company reported cash inflows from financing activities of CNY 23,016,824,978, up from CNY 11,437,469,285 in the previous year, marking an increase of about 101.5%[18] - The cash and cash equivalents at the end of the reporting period were CNY 3,727,669,791, down from CNY 4,016,615,912 at the end of the previous year[18] Assets and Liabilities - Total assets at the end of the reporting period were ¥81,249,882,146, a decrease of 4.26% from the end of the previous year[3] - As of September 30, 2024, the company's current assets totaled CNY 41.89 billion, a decrease of 8.5% from CNY 45.51 billion on December 31, 2023[10] - The company's total non-current assets amounted to CNY 34.12 billion, a decrease from CNY 36.09 billion, showing a decline of 5.5%[11] - The company's total liabilities as of September 30, 2024, were CNY 30.12 billion, compared to CNY 31.45 billion at the end of 2023, a decrease of 4.2%[11] - Total liabilities decreased to CNY 63.13 billion from CNY 65.99 billion, a reduction of 4.3% compared to the previous year[13] Shareholder Information - The top three shareholders hold a combined 46.229% of the company's shares, with 中交集团（香港）控股有限公司 holding 17.401%[6] - The company has not disclosed any significant changes in its major shareholders or their participation in margin trading activities during the reporting period[9] Research and Development - The company has increased its R&D investment, which has impacted the net profit attributable to shareholders after deducting non-recurring gains and losses[5] - Research and development expenses for the first three quarters of 2024 amounted to CNY 987.60 million, up 34.6% from CNY 734.27 million in 2023[15] Investment Activities - The cash outflow from investment activities for the first three quarters of 2024 was CNY 1,355,508,233, compared to CNY 265,325,375 in the same period of 2023, showing a significant increase in investment expenditures[17] Tax and Refunds - The company received tax refunds amounting to CNY 683,554,876, compared to CNY 320,822,779 in the previous year, indicating an increase of about 113.5%[17]

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。 上海振华重工（集团）股份有限公司（以下简称"公司"）于 2024 年 10 月 30 日召开第九届董事会第五次会议审议通过了《关于审议<聘任李振先生为公司 财务总监>的议案》，同意聘任李振先生为公司财务总监，任期自本次董事会审议 通过之日起至第九届董事会届满之日止。 证券代码：600320 900947 证券简称：振华重工 振华 B 股 公告编号：临 2024-047 上海振华重工（集团）股份有限公司 关于公司财务总监变更的公告 特此公告。 上海振华重工（集团）股份有限公司董事会 2024 年 10 月 31 日 公司董事会于近日收到朱晓怀先生的书面辞呈。朱晓怀先生因工作安排原因， 辞去公司财务总监的职务。朱晓怀先生辞任公司财务总监后仍继续担任公司董事、 总经理（总裁）职务，公司日常运营及相关工作不受影响。 朱晓怀先生担任公司财务总监期间恪尽职守、勤勉尽责，公司董事会谨此就 朱晓怀先生在担任财务总监期间为公司发展所做出的重要贡献表示衷心的感谢。 ...

证券代码：600320 900947 证券简称：振华重工 振华 B 股 公告编号：临 2024-049 上海振华重工（集团）股份有限公司 关于下属控股子公司处置船舶资产的公告 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： 上海振华重工（集团）股份有限公司（以下简称"公司"或"振华重工"） 控股子公司 100%持股的 Zhenhua 7 Shipping Company Limited 将其持有的"振 华 16"轮（含部分随船工装设备）以 1,018.3930 万美元的交易价格出售给 Rhine Bridge Shipping Limited。 上述出售资产事宜不构成关联交易。 上述出售资产事宜不构成《上市公司重大资产重组管理办法》规定的重 大资产重组情形。 上述出售资产事宜已经振华重工第九届董事会第五次会议审议通过，无 需提交股东大会审议。 一、交易概述 为有效盘活资产，优化资产配置，促进公司健康可持续发展，振华重工控股 子公司 100%持股的 Zhenhua 7 Shipping Company Limit ...

证券代码：600320 900947 证券简称：振华重工 振华 B 股 公告编号：临 2024-046 上海振华重工（集团）股份有限公司 第九届董事会第五次会议决议公告 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。 上海振华重工（集团）股份有限公司（以下简称"公司"）第九届董事会第 五次会议于 2024 年 10 月 30 日以现场和通讯相结合的方式召开。应到董事 8 人， 实到 8 人。会议的召开及程序符合《公司法》、《公司章程》等相关规定，与会董 事一致审议通过如下议案： 一、《关于审议<公司 2024 年第三季度报告>的议案》 上述议案已经公司第九届董事会审计委员会第四次会议审议通过，同意相关 内容并同意提交公司董事会审议。 具体内容详见公司于同日在指定信息披露媒体上披露的《2024 年第三季度 报告》。 二、《关于审议<聘任李振先生为公司财务总监>的议案》 具体内容详见公司于同日在指定信息披露媒体上披露的《振华重工关于公司 财务总监变更的公告》（公告编号：临 2024-047）。 同意聘任李振先生为公司财务总监，任期 ...

证券代码：600320 900947 证券简称：振华重工 振华 B 股 公告编号：临 2024-048 上海振华重工（集团）股份有限公司 关于召开 2024 年第一次临时股东大会的通知 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： 一、 召开会议的基本情况 (一) 股东大会类型和届次 2024 年第一次临时股东大会 召开的日期时间：2024 年 11 月 25 日 14 点 30 分 召开地点：上海市东方路 3261 号公司 223 会议室 (五) 网络投票的系统、起止日期和投票时间。 股东大会召开日期：2024年11月25日 本次股东大会采用的网络投票系统：上海证券交易所股东大会网络投票 系统 (六) 融资融券、转融通、约定购回业务账户和沪股通投资者的投票程序 涉及融资融券、转融通业务、约定购回业务相关账户以及沪股通投资者的投 票，应按照《上海证券交易所上市公司自律监管指引第 1 号 — 规范运作》等有 关规定执行。 (七) 涉及公开征集股东投票权 无 二、 会议审议事项 本次股东大会审议议案及投票股东类型 ...

上海振华重工（集团）股份有限公司 2024 年 9 月投资者调研情况 2024 年 9 月，振华重工与华泰证券、浙商证券、东北证券等机 构就公司 2024 年半年度生产经营等情况进行了沟通和交流。投资者 活动主要问题及公司回复概要如下： 问题 1：公司上半年经营情况如何？ 回答：2024 年上半年，公司进一步明晰发展思路，紧紧围绕 稳经营、强创新、深改革、优管理、控风险等重点工作，克难攻坚、砥 砺奋进，保持了稳中向好的发展态势。2024 年 1-6 月，公司实现营 业收入约 172.29 亿元，同比增长 28.49%，利润总额约 4.79 亿元， 同比增长 17.08%。 问题 2：请介绍一下公司的发展思路？ 回答：公司以"坚持面向世界、聚焦制造、突出主业、专注专业， 打造具有全球竞争力的科技型、管理型、质量型世界一流装备制造企 业"为发展愿景；夯实科技强基、人才强基两个基础工程；聚焦港机、 海工、钢结构三大核心产品，推进产品持续创新和迭代升级，提升市 场竞争力；加快推进高端化、智能化、绿色化、国际化四化发展；树 立战略、市场、问题、价值、高目标五个导向，落实统筹、创新、精益、 高效、共享五个管理理念，努力实 ...