经与会监事讨论表决，一致同意形成以下决议： 证券代码：600480 证券简称：凌云股份 公告编号：2024-026 凌云工业股份有限公司 第八届监事会第十四次会议决议公告 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。 一、监事会会议召开情况 2024 年 5 月 20 日，凌云工业股份有限公司（以下简称"公司"）以通讯 表决方式召开第八届监事会第十四次会议，会议通知已于 2024 年 5 月 11 日以 电子邮件等方式向全体监事发出。本次会议应出席监事三名，实际出席监事三名。 会议的召开符合《公司法》和《公司章程》中关于监事会工作的有关规定，合法、 有效。 二、监事会会议审议情况 （一）关于 2022 年限制性股票激励计划第一个解除限售期公司业绩考核目 标达成的议案 监事会认为：根据公司 2022 年限制性股票激励计划方案，第一个解除限售 期考核年度为 2023 年。经分析公司财务数据、同行业数据和对标指标，2023 年公司业绩考核目标已全面达成，符合《上市公司股权激励管理办法》以及《2022 年限制性股票激励计划（草案）》 ...

北京市朝阳区建外大街丁 12 号英皇集团中心 8 层 8/F, Emperor Group Centre, No. 12D, Jianwai Avenue, Chaoyang District, Beijing, 100022, P.R. China 电话/Tel.:010-50867666 传真/Fax:010-65527227 网址/Website:www.kangdalawyers.com 北京 西安 深圳 海口 上海 广州 杭州 沈阳 南京 天津 菏泽 成都 苏州 呼和浩特 香港 武汉 郑州 长沙 厦门 重庆 合肥 宁波 济南 北京市康达律师事务所 关于凌云工业股份有限公司 2022 年限制性股票激励计划 法律意见书 法律意见书 北京市康达律师事务所 关于凌云工业股份有限公司 2022 年限制性股票激励计划 第一个解除限售期公司业绩考核目标达成的 第一个解除限售期公司业绩考核目标达成的 法律意见书 康达法意字[2024]第 1817 号 二〇二四年五月 、 3. 本所及经办律师仅就公司本次业绩达成的相关法律事项发表意见，并不 对会计、审计等专业事项发表意见，本所及经办律师不具备对该等专业事项进行 核查 ...

证券代码：600480 证券简称：凌云股份 公告编号：2024-025 凌云工业股份有限公司 第八届董事会第十八次会议决议公告 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。 一、 董事会会议召开情况 2024 年 5 月 20 日，凌云工业股份有限公司（以下简称"公司"或"本公司"） 以通讯表决方式召开了第八届董事会第十八次会议，会议通知已于 2024 年 5 月 11 日以电子邮件等方式向全体董事、监事和高级管理人员发出。本次会议应出 席董事七名，实际出席董事七名。会议的召开符合法律法规和《公司章程》的规 定，合法、有效。 二、 董事会会议审议情况 （一）审议通过《关于收购北京世东凌云科技有限公司 50%股权项目的 议案》 收购控股子公司股权的情况详见公司临时公告，公告编号：2024-027。 （二）审议通过《关于 2022 年限制性股票激励计划第一个解除限售期公司 业绩考核目标达成的议案》 表决结果：同意 7 人；反对 0 人；弃权 0 人。 同意公司以现金方式收购韩国世东株式会社持有的北京世东凌云科技有限 公司 50% ...

证券代码：600480 证券简称：凌云股份 公告编号：2024-028 凌云工业股份有限公司 关于 2022 年限制性股票激励计划第一个解除限售期 公司业绩考核目标达成的公告 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。 凌云工业股份有限公司（以下简称"公司"）于 2024 年 5 月 20 日召开第八 届董事会第十八次会议、第八届监事会第十四次会议，审议通过《关于 2022 年 限制性股票激励计划第一个解除限售期公司业绩考核目标达成的议案》。现将 2022 年限制性股票激励计划（以下简称"本次激励计划"）第一个解除限售期公 司业绩考核目标达成有关情况公告如下： 一、 公司限制性股票激励计划已履行的相关审批程序及信息披露情况 1、2022 年 12 月 9 日，公司第八届董事会第八次会议审议通过了《关于凌 云工业股份有限公司<2022 年限制性股票激励计划（草案）>及其摘要的议案》 《关于凌云工业股份有限公司<限制性股票激励计划管理办法>的议案》《关于 凌云工业股份有限公司<2022 年限制性股票激励计划实施考核管理办法>的 ...

Investment Rating - The report maintains a "Buy" rating for the company, with expectations of both performance and valuation improvements, anticipating a potential "Davis Double Click" effect [1][20] Core Views - Short-term: The company has passed the peak of capacity investment, and downstream demand is gradually increasing, which is expected to release profit elasticity. The completion of the private placement enhances the strength of new businesses [1] - Medium to long-term: The company is strategically transforming towards new energy, with significant upfront investments that have weighed on performance. However, the company's battery boxes and hot forming technologies are well-positioned and technologically领先, offering substantial growth potential. The company is entering a profit release cycle in the short term [1][12] - The company's 2024-2026 net profit attributable to the parent company is forecasted to be 7.6, 8.6, and 9.7 billion yuan, respectively, with corresponding P/E ratios of 13.9X, 12.4X, and 10.9X [1] Financial Performance - In 2023, the company achieved revenue of 187.0 billion yuan, a year-on-year increase of 12.1%, and net profit attributable to the parent company of 6.3 billion yuan, a year-on-year increase of 86.4% [3][8] - In Q1 2024, the company achieved revenue of 43.0 billion yuan, a year-on-year increase of 8.5%, and net profit attributable to the parent company of 2.2 billion yuan, a year-on-year increase of 163.4% [3][28] - The company's gross margin in 2023 was 16.3%, an increase of 1.6 percentage points year-on-year, with Q4 gross margin reaching 16.8%, up 1.6 percentage points year-on-year and 0.2 percentage points quarter-on-quarter [8] - In Q1 2024, the company's gross margin reached 18.0%, an increase of 2.7 percentage points year-on-year and 1.2 percentage points quarter-on-quarter, reaching a recent high [28] Strategic Transformation and Market Position - The company is strategically transforming towards new energy, with a focus on lightweight products and global supply capabilities. The company's market position and profitability are continuously improving [12] - The company's new business orders have been increasing, with annual new project orders reaching a historical high, exceeding the annual target by 200%. The company's market share in body safety structural parts, new energy battery shells, and automotive pipelines exceeds 85%, maintaining a leading position in细分 markets [12] - The company has secured 240 new projects in the metal sector and 344 new projects in automotive pipeline products, expanding into fluid control systems. The Mexican WAM facility has secured 5 new projects from TSL [12] Operational Improvements - The company is actively improving the operations of overseas enterprises and optimizing global布局, enhancing the operational management capabilities of海外 companies. The company is also promoting the operational improvement of German WAG and the capacity enhancement and mass production of key projects at Mexican WAM [12] Financial Forecasts - The company's revenue is forecasted to be 203.2 billion yuan in 2024, 216.6 billion yuan in 2025, and 230.9 billion yuan in 2026 [19] - Net profit attributable to the parent company is forecasted to be 7.6 billion yuan in 2024, 8.6 billion yuan in 2025, and 9.7 billion yuan in 2026 [1] - The company's EPS is forecasted to be 0.81 yuan in 2024, 0.91 yuan in 2025, and 1.03 yuan in 2026 [19]

凌 云 工 业 股 份 有 限 公 司 600480 2023 年年度股东大会 会议资料 二零二四年五月 凌云工业股份有限公司 2023年年度股东大会 2023 年年度股东大会议程 现场会议时间：2024年5月24日上午10:00 网络投票时间：采用上海证券交易所网络投票系统，通过交 易系统投票平台的投票时间为股东大会召开当日的交易时间段， 即 9:15-9:25,9:30-11:30，13:00-15:00；通过互联网投票平台 的投票时间为股东大会召开当日的 9:15-15:00。 现场会议地点：凌云工业股份有限公司会议室 参会人员：股东及股东代表、董事、监事、高级管理人员、 公司聘请的律师 会议议程： 一、主持人宣布会议开始 二、介绍参加会议的股东及股东代表、董事、监事、高管人 员、律师 三、审议会议议题 1. 2023 年度董事会工作报告； 2. 2023 年度独立董事述职报告； 3. 2023 年度监事会工作报告； 4. 2023 年度财务决算报告； 5. 2023 年度利润分配方案； 6. 2023 年年度报告及摘要； 7. 2024 年度财务预算报告； 8. 关于 2024 年度日常关联交易预计情 ...

公 司 报 告│ 公 司 年 报 点 评 ➢ 持续受益新业务放量，机器人有望打开长期空间 2 请务必阅读报告末页的重要声明 本报告署名分析师在此声明：我们具有中国证券业协会授予的证券投资咨询执业资格或相当的专业胜任能力，本报告所表述的所有观点均准确地反映了我们 对标的证券和发行人的个人看法。我们所得报酬的任何部分不曾与，不与，也将不会与本报告中的具体投资建议或观点有直接或间接联系。 评级说明 除非另有规定，本报告中的所有材料版权均属国联证券股份有限公司（已获中国证监会许可的证券投资咨询业务资格）及其附属机构（以下统称"国联证券"）。 未经国联证券事先书面授权，不得以任何方式修改、发送或者复制本报告及其所包含的材料、内容。所有本报告中使用的商标、服务标识及标记均为国联证 券的商标、服务标识及标记。 凌云股份(600480) 凌云股份 2023 年及 2024 年一季报点评： 新业务拓展顺利，2024Q1 业绩超预期 事件： 4 月 29 日公司发布 2023 年报和 2024 年一季报，2023 年公司实现营收 187 亿元，同比+12.1%，实现归母净利润 6.3 亿元，同比+85.4%，实现扣非归 母净利润 ...

Investment Rating - The report maintains a "Buy" rating for the company, with a target price based on a closing price of 10.16 yuan on April 29, 2024, corresponding to PE ratios of 12.6, 11.3, and 10.1 for the years 2024-2026 [4]. Core Insights - The company achieved significant growth in 2023, with total revenue of 18.7 billion yuan, a year-on-year increase of 12.1%, and a net profit attributable to shareholders of 630 million yuan, up 85.4% year-on-year. In Q1 2024, revenue reached 4.3 billion yuan, reflecting an 8.5% year-on-year growth, while net profit surged by 163.4% to 220 million yuan [3][11]. - The company is focusing on lightweight and robotics businesses, which are expected to drive further growth in performance. Revenue projections for 2024-2026 are 20.3 billion, 22.2 billion, and 24.2 billion yuan, with corresponding net profits of 760 million, 850 million, and 950 million yuan [4][11]. Financial Performance Summary - In 2023, the company reported a gross margin of 16.3%, an increase of 1.6 percentage points year-on-year, and a net profit margin of 3.4%, up 1.4 percentage points year-on-year. In Q1 2024, the gross margin improved to 18.0%, a 2.7 percentage point increase year-on-year, with a net profit margin of 5.2%, up 3.0 percentage points year-on-year [18]. - The company has a strong market position, with over 85% of its products in key areas such as body safety structural parts, new energy battery shells, and automotive pipelines, maintaining a high market share with major clients like Mercedes-Benz, BMW, and General Motors [11][26]. Strategic Developments - The company is making strategic advancements in emerging industries, particularly in the sensor business, by collaborating with Huagong Technology to establish a smart manufacturing company. It is also leading a project with the Chinese Academy of Sciences to develop key technologies for humanoid robots [26].

Financial Performance - The company's operating revenue for Q1 2024 was CNY 4,299,448,627.36, representing an increase of 8.48% compared to the same period last year[3]. - Net profit attributable to shareholders of the listed company reached CNY 221,591,978.97, a significant increase of 163.38% year-on-year[3]. - Basic and diluted earnings per share were both CNY 0.24, reflecting a growth of 166.67% year-on-year[3]. - The company's total comprehensive income for Q1 2024 was CNY 23,577,681.35, compared to CNY 13,887,063.34 in Q1 2023, indicating a growth of 69.8%[45]. - Net profit for Q1 2024 reached ¥267,379,408.57, a significant increase from ¥139,622,345.52 in Q1 2023, representing a growth of approximately 91.3%[36]. - Revenue from sales of goods and services in Q1 2024 was ¥3,439,989,948.95, compared to ¥3,244,727,470.29 in Q1 2023, indicating an increase of about 6.0%[38]. Cash Flow - The net cash flow from operating activities was CNY 76,030,956.06, up by 131.12% compared to the previous year[3]. - The net cash flow from operating activities for Q1 2024 was ¥76,030,956.06, a recovery from a negative cash flow of -¥244,338,247.42 in Q1 2023[38]. - In Q1 2024, the net cash flow from operating activities was RMB 965,918,065.70, a significant increase of 110.5% compared to RMB 458,815,340.32 in Q1 2023[65]. - Total cash inflow from operating activities reached RMB 1,454,053,098.10, up 68.3% from RMB 862,770,245.68 in the same period last year[65]. - The net cash flow from investing activities was RMB 11,155,054.82, recovering from a negative cash flow of RMB -6,314,876.99 in Q1 2023[65]. - The net increase in cash and cash equivalents for the period was RMB 1,128,516,860.45, compared to RMB 351,495,194.13 in Q1 2023, marking a rise of 221.5%[65]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 19,331,643,405.06, an increase of 1.48% from the end of the previous year[3]. - Total liabilities decreased to ¥9,951,098,974.30 in Q1 2024 from ¥9,984,265,711.80 in Q1 2023, reflecting a reduction of approximately 0.3%[34]. - The company’s total liabilities rose to CNY 3,528,823,733.61, up from CNY 2,457,410,755.14, representing a significant increase of approximately 43.5%[61]. - The company’s total equity increased to CNY 4,813,124,518.26 from CNY 4,779,399,698.43, reflecting a growth of about 0.7%[61]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 35,836[7]. - The company has a significant shareholder structure with the top ten shareholders holding a total of 295,092,102 shares[28]. Operational Highlights - The company actively communicated with clients, resulting in significant compensation for material price differences and design changes, contributing to the profit increase[7]. - The company has increased the sales of high value-added products due to product structure adjustments[7]. - The company plans to continue investing in R&D to drive future growth and innovation[45]. Other Financial Metrics - Non-recurring gains and losses totaled RMB 22,571,120.41 after tax and minority interest adjustments[24]. - Cash and cash equivalents increased to RMB 3,318,714,438.47 from RMB 3,292,085,541.62, reflecting a growth of approximately 0.8%[33]. - Accounts receivable rose to RMB 4,694,467,165.29, up from RMB 4,296,793,071.78, indicating an increase of about 9.3%[33]. - Inventory increased to RMB 2,357,638,772.11 from RMB 2,125,334,216.93, representing a growth of approximately 10.9%[33]. - The company reported investment income of CNY 27,898,701.42 in Q1 2024, significantly higher than CNY 11,712,659.43 in Q1 2023, marking an increase of 138.8%[45]. - Other income for Q1 2024 was CNY 5,223,737.75, compared to CNY 1,846,793.67 in Q1 2023, representing an increase of 182.5%[45].

证券代码：600480 证券简称：凌云股份 公告编号：2024-024 凌云工业股份有限公司（以下简称"公司"）已于 2024 年 4 月 30 日发布公司 2023 年度报告及 2024 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 2023 年度经营成果、财务状况，公司计划于 2024 年 5 月 20 日 下午 15:00-16:30 举行 2023 年度暨 2024 年第一季度业绩说明会，就投资者关心的问 题进行交流。 一、 说明会类型 凌云工业股份有限公司 关于召开 2023 年度暨 2024 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： 会议召开时间：2024 年 5 月 20 日(星期一) 下午 15:00-16:30 会 议 召 开 地 点 ： 上 海 证 券 交 易 所 上 证 路 演 中 心 （ 网 址 ： http://roadshow.sseinfo.com/） 会议召开方式：上证路演中心网络互动 投资者可于 2024 年 5 月 13 日(星期 ...