一、《关于审议<公司 2023 年股票期权激励计划预留部分激励对象及授予工 作>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《振华重工关于向公 司 2023 年股票期权激励计划激励对象授予预留股票期权的公告》（公告编号：临 2024-054）。 特此公告。 证券代码：600320 900947 证券简称：振华重工 振华 B 股 公告编号：临 2024-052 上海振华重工（集团）股份有限公司 第九届监事会第五次会议决议公告 本公司监事会及全体监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"）第九届监事会第 五次会议于 2024 年 11 月 25 日以通讯方式召开。应到监事 3 人，实到 3 人。会 议的召开及程序符合《公司法》、《公司章程》等相关规定，与会监事一致审议通 过如下议案： 上海振华重工（集团）股份有限公司监事会 2024 年 11 月 26 日 ...

国浩律师（上海）事务所 法律意见书 本所律师已经按照有关法律、法规的规定对本次股东大会召集、召开程序是 否合法及是否符合《公司章程》、股东大会召集人资格的合法有效性、出席会议 人员资格的合法有效性和股东大会表决程序、表决结果等发表法律意见。法律意 见书中不存在虚假、严重误导性陈述及重大遗漏，否则愿意承担相应的法律责任。 本所律师是根据对事实的了解和对法律的理解发表法律意见。 本法律意见书依据国家有关法律、法规的规定而出具。 本所律师同意将本法律意见书作为公司本次股东大会的必备文件公告，并依 法对本所出具的法律意见承担责任。 本所律师已经对与出具法律意见书有关的所有文件材料及证言进行审查判 断，并据此出具法律意见如下： 一、本次股东大会的召集、召开程序 国浩律师（上海）事务所 关于上海振华重工（集团）股份有限公司 2024 年第一次临时股东大会的法律意见书 致：上海振华重工（集团）股份有限公司 上海振华重工（集团）股份有限公司（以下简称"公司"）2024 年第一次临时 股东大会（以下简称"本次股东大会"）定于 2024 年 11 月 25 日下午 14：30 在上 海市东方路 3261 号公司 223 会议室召 ...

上海振华重工（集团）股份有限公司 关于向公司 2023 年股票期权激励计划激励对象 授予预留股票期权的公告 证券代码：600320 900947 证券简称：振华重工 振华 B 股 公告编号：临 2024-054 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 2023 年股票期权激励计划（草案）》 （以下简称"本次激励计划"）规定的预留股票期权的授予条件已经成就，根据上 海振华重工（集团）股份有限公司（以下简称"公司"）2023 年年度股东大会授 权，公司于 2024 年 11 月 25 日召开第九届董事会第六次会议与第九届监事会第 五次会议，审议通过了《关于审议<公司 2023 年股票期权激励计划预留部分激励 对象及授予工作>的议案》等相关议案，确定预留股票期权的授予日为 2024 年 11 月 25 日，向符合条件的 16 名激励对象授予 366 万份股票期权，行权价格为 4.00 元/股，现将有关事项说明如下： 1.2023 年 12 月 26 日，公司召开第八届董事会 ...

证券代码：600320 900947 证券简称：振华重工 振华 B 股 公告编号：2024-050 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。 (五) 公司董事、监事和董事会秘书的出席情况 1、 公司在任董事 8 人，出席 6 人，未出席董事因工作原因未能出席； 重要内容提示： 本次会议是否有否决议案：无 一、 会议召开和出席情况 | 1、出席会议的股东和代理人人数 | 574 | | --- | --- | | 其中：A 股股东人数 | 511 | | 境内上市外资股股东人数（B 股） | 63 | | 2、出席会议的股东所持有表决权的股份总数（股） | 2,544,270,731 | | 其中：A 股股东持有股份总数 | 1,573,038,281 | | 境内上市外资股股东持有股份总数(B 股) | 971,232,450 | | 3、出席会议的股东所持有表决权股份数占公司有表决权股 | | | 份总数的比例（%） | 48.2934 | (一 ...

证券代码：600320 900947 证券简称：振华重工 振华 B 股 公告编号：临 2024-055 上海振华重工（集团）股份有限公司 关于召开 2024 年第三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。 （二） 会议召开地点：上证路演中心 （三） 会议召开方式：网络互动 重要内容提示： 投资者可于 2024 年 12 月 2 日(星期一)至 12 月 6 日(星期五)16:00 前登录上 证路演中心网站首页点击"提问预征集"栏目或通过公司邮箱 ir@zpmc.com 进行 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。 上海振华重工（集团）股份有限公司（以下简称"公司"）已于 2024 年 10 月 31 日在上海证券交易所网站（www.sse.com.cn）、《中国证券报》、《上海证券 报》、《香港文汇报》披露本公司 2024 年第三季度报告。 为方便广大投资者更全面深入了解公司 2024 年第三季度经营成果、财务状 况，公司定于 2024 年 12 月 9 日上午 11:00-12:0 ...

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]