证券代码：600495 证券简称：晋西车轴 公告编号：临 2025-031 晋西车轴股份有限公司 关于召开2024年年度股东大会的通知 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： (四)现场会议召开的日期、时间和地点 召开的日期时间：2025 年 6 月 18 日 14 点 00 分 召开地点：山西省太原市和平北路北巷 5 号晋西宾馆会议室 (五)网络投票的系统、起止日期和投票时间。 网络投票系统：上海证券交易所股东大会网络投票系统 一、 召开会议的基本情况 (一)股东大会类型和届次 2024年年度股东大会 (二)股东大会召集人：董事会 (三)投票方式：本次股东大会所采用的表决方式是现场投票和网络投票相结合的 方式 网络投票起止时间：自2025 年 6 月 18 日 至2025 年 6 月 18 日 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 1 股东大会召开日期：2025年6 ...

证券代码：600495 证券简称：晋西车轴 公告编号：临 2025-030 晋西车轴股份有限公司 第八届监事会第二次会议决议公告 本公司监事会及全体监事保证公告内容不存在虚假记载、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。 表决结果：赞成的 3 人，反对的 0 人，弃权的 0 人。 本议案需提交股东大会审议。 特此公告。 晋西车轴股份有限公司 2025 年 5 月 29 日 晋西车轴股份有限公司（以下简称"公司"）第八届监事会第二次会议于 2025 年 5 月 28 日以通讯表决的方式召开，会议通知于 2025 年 5 月 22 日以书面或邮件 方式送达各位监事。本次会议应参加表决监事 3 名，实际参加表决 3 名，会议符 合《公司法》和公司《章程》的规定。 经认真审议、投票表决，全体监事作出如下决议： 审议通过变更部分募集资金投资项目的议案。 监事会审议后认为：公司本次变更募集资金投资项目事项是公司结合行业实 际情况和自身发展战略而作出的审慎决策，有助于提高公司募集资金的使用效率， 符合公司的实际发展需要，不存在损害公司及全体股东利益的情况。上述变更事 项履行了必要的审批程序 ...

Market Overview - The Shanghai Composite Index rose by 0.21% on May 21, with 12 industries experiencing gains, led by coal and non-ferrous metals, which increased by 2.55% and 2.05% respectively [2] - Conversely, the beauty care and electronics sectors saw declines of 1.09% and 0.93% [2] - The machinery equipment industry fell by 0.83% [2] Capital Flow Analysis - The main capital outflow from the two markets totaled 23.932 billion yuan, with 8 industries seeing net inflows [2] - The power equipment sector had the highest net inflow, amounting to 777 million yuan, while the non-ferrous metals sector followed with a net inflow of 716 million yuan [2] - A total of 23 industries experienced net capital outflows, with the electronics sector leading at 5.353 billion yuan, followed by the machinery equipment sector at 4.038 billion yuan [2] Machinery Equipment Sector Details - The machinery equipment sector had 530 stocks, with 90 stocks rising and 426 stocks declining [3] - Among the stocks with net inflows, the top performer was Tailor Co., with a net inflow of 169 million yuan, followed by Jinxi Vehicle Axle and Blue Ocean Huaten with inflows of 64.56 million yuan and 46.13 million yuan respectively [3] - The sector's stocks with the highest net outflows included Aerospace Power, Guoji Precision, and Daye Co., with outflows of 252 million yuan, 131 million yuan, and 130 million yuan respectively [3][5] Top Gainers in Machinery Equipment Sector - The top gainers in the machinery equipment sector included: - Tailor Co. (9.94% increase, 169.15 million yuan inflow) - Jinxi Vehicle Axle (4.27% increase, 64.56 million yuan inflow) - Blue Ocean Huaten (6.21% increase, 46.13 million yuan inflow) [4] Top Losers in Machinery Equipment Sector - The top losers in the machinery equipment sector included: - Aerospace Power (-9.74% decrease, 251.98 million yuan outflow) - Guoji Precision (-4.24% decrease, 130.81 million yuan outflow) - Daye Co. (-8.05% decrease, 130.19 million yuan outflow) [5]

Investment Rating - The report assigns an "Add-A" rating to the company, marking the first coverage of the stock [1]. Core Insights - The company achieved a revenue of 1.314 billion yuan in 2024, reflecting a year-on-year growth of 2.40%, while the net profit attributable to shareholders was 23.08 million yuan, up 13.39% year-on-year [4][5]. - In Q1 2025, the company reported a revenue of 373 million yuan, a significant year-on-year increase of 52.67%, and a net profit of 7.82 million yuan, indicating a turnaround from losses [4]. - The company maintains a leading position in the domestic market for railway vehicle and core component manufacturing, particularly in the production of railway axles [5][6]. Financial Performance - The company’s basic earnings per share (EPS) for 2025 is projected at 0.02 yuan, with a net profit forecasted to grow from 26 million yuan in 2025 to 33 million yuan by 2027, representing a compound annual growth rate (CAGR) of 10.5% [9][11]. - The operating income is expected to increase from 1.353 billion yuan in 2025 to 1.562 billion yuan in 2027, with a year-on-year growth rate of 8.7% [11][15]. - The company’s net asset return rate (ROE) is projected to improve from 0.71% in 2024 to 1.0% by 2027 [8][13]. Market Position and Strategy - The company is focusing on expanding its high-speed train axle production, with successful trials of the 350 km/h axle for the "Fuxing" train, which is now in regular operation [6][7]. - The company is also diversifying into new industries such as defense equipment and smart firefighting, aiming to enhance its growth trajectory [6][9]. - The actual controller of the company, China Weapon Industry Group, and its major shareholder, Jinxi Group, are expected to increase their holdings, reflecting confidence in the company's future [7][8].

Investment Rating - The report assigns an "Add-A" rating to the company, marking the first coverage of the stock [1]. Core Views - The company has shown stable growth in its railway equipment business, achieving a revenue of 1.314 billion yuan in 2024, a year-on-year increase of 2.40%. The net profit attributable to shareholders was 23.08 million yuan, up 13.39% year-on-year [4][5]. - In Q1 2025, the company reported a revenue of 373 million yuan, representing a significant year-on-year growth of 52.67%, and a net profit of 7.82 million yuan, indicating a turnaround from losses [4]. - The company is positioned as a leader in the domestic railway axle manufacturing sector, maintaining a high market share in key segments such as national railway freight axles and urban rail transit axles [5][6]. Financial Performance - The company achieved a revenue of 6.16 billion yuan from railway vehicles in 2024, a 33.23% increase year-on-year, while axle revenue was 4.27 billion yuan, down 6.73% year-on-year [5]. - The company’s gross profit margin improved to 12.88% in Q1 2025, a year-on-year increase of 9.47% [8]. - The net asset return rate for 2024 was 0.71%, up 0.08 percentage points year-on-year, indicating improved profitability [8]. Market Position and Strategy - The company benefits from the acceleration of domestic high-speed rail axle localization, with high-end products expected to see increased demand [6]. - The company is focusing on multi-industry collaborative development, with significant progress in new industries such as defense equipment and smart firefighting [6]. - The actual controller of the company, China Ordnance Industry Group, and its major shareholder, Jinxi Group, are expected to enhance the company's development confidence through planned share purchases [7][8]. Future Outlook - The company is expected to see a compound annual growth rate in net profit of 10.5% to 16.1% from 2025 to 2027, with projected net profits of 26 million yuan in 2025, 29 million yuan in 2026, and 33 million yuan in 2027 [9][11]. - The report anticipates continued growth in the railway equipment sector, driven by historical highs in railway passenger and freight transport and increased fixed asset investment [9].

Core Viewpoint - The company will participate in the 2025 Investor Online Collective Reception Day and Annual Report Performance Briefing to enhance communication with investors regarding its 2024 performance and strategic development [1][2]. Group 1: Event Details - Event Date: May 20, 2025, from 15:00 to 17:00 [2] - Event Location: "Panorama Roadshow" website, WeChat public account "Panorama Finance," and "Panorama Roadshow" APP [2]. - Event Format: Online remote interaction [1]. Group 2: Participants - Attendees include the company's board members, General Manager Liu Tie, Deputy General Manager and Board Secretary Han Qiushi, Chief Accountant Hao Ying, and Securities Affairs Representative Gao Hong [2]. Group 3: Investor Participation - Investors can participate by logging into the "Panorama Roadshow" website or following the WeChat public account during the specified time [2]. Group 4: Contact Information - Contact Person: Securities Department - Phone: 0351-6628286 - Email: zqb@jinxiaxle.com [2]. Group 5: Additional Information - After the event, investors can view the event's proceedings and main content on the "Panorama Roadshow" platform [2].

证券代码：600495 证券简称：晋西车轴 公告编号：临 2025-028 晋西车轴股份有限公司 活动时间：2025 年 5 月 20 日（星期二）15:00-17:00 活动地点："全景路演"网站（http://rs.p5w.net）、微信公众号"全景财经"、 "全景路演"APP 活动方式：网络远程方式 一、活动类型 为进一步加强与投资者的互动交流，晋西车轴股份有限公司（以下简称"公 司"）将参加由中国证券监督管理委员会山西监管局、山西省上市公司协会与深 圳市全景网络有限公司联合举办的"山西辖区上市公司 2025 年投资者网上集体 接待日暨年报业绩说明会"，就公司 2024 年度业绩、公司治理、发展战略、经营 状况和可持续发展等投资者关心的问题，与投资者进行沟通与交流。 二、活动时间、地点 （一）活动时间：2025 年 5 月 20 日（星期二）15:00-17:00。 （二）活动地点："全景路演"网站（http://rs.p5w.net）、微信公众号"全景 财经"、"全景路演"APP。 关于参加山西辖区上市公司 2025 年投资者网上集体 接待日暨年报业绩说明会活动的公告 本公司董事会及全体董事保证本公告 ...

事件： 盈利预测及投资评级：公司主业稳定，新业务包括防务装备、智慧消防等取得军品资质，依托军工央企 背景优势，公司业绩有望进一步增长。结合公司2024 年业绩，我们预计公司2025-2027 年收入分别为 13.28 亿元/13.55 亿元/13.84 亿元（前值2025 年/2026年：13.9 亿元/14.16 亿元），归母净利润分别为 0.27 亿元/0.31 亿元/0.35 亿元（前值2025 年/2026 年：0.41 亿元/0.47 亿元），对应PB分别为 1.54x/1.53x/1.52x，维持公司"增持"评级。 2025 年5 月9 日，国铁集团铁路中标项目公布，公司中标X70 型集装箱专用平车400 辆，GQ70 型轻油 罐车50 辆，合计450 辆。 风险提示：市场竞争风险,安全质量风险,汇率变动风险及国际结算风险,铁路投资不及预期风险，成本上 升风险等。 观点： 主要受益于①车辆业务增长，整车订单创近年来新高；②新产业业务，包括防务装备、智慧消防以及环 保设备贡献新增量；③车轴业务，时速350km 自主化动车组车轴完成小批量装车运用。 车轴竞争力较强，货车市占率稳定。轨交设备细分领域整体 ...

Group 1 - The core viewpoint of the article highlights the significant stock price movements in the high-speed rail and urban transit sector, particularly the surge in shares of Shenzhou High-Speed Rail, which hit the daily limit up [1] - Other companies in the sector also experienced notable increases, with Jin Ying Heavy Industry reaching a 20% limit up, and Lei Er Wei and Tie Da Technology rising over 5% [1] - Additional companies such as Jinxi Vehicle Axle, Jiaoda Sino, Yan'ao Co., and Tieke Rail also saw their stock prices increase, indicating a broader positive trend in the industry [1]

证券代码：600495 证券简称：晋西车轴 公告编号：临 2025-027 晋西车轴股份有限公司 关于召开 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： 心"，网址：http://roadshow.sseinfo.com/） 会议召开方式：上证路演中心视频录播和网络互动 投资者可于 2025 年 5 月 7 日(星期三)至 5 月 13 日(星期二)16:00 前登 录上证路演中心网站首页点击"提问预征集"栏目或通过公司投资者关系邮箱 zqb@jinxiaxle.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。 晋西车轴股份有限公司（以下简称"公司"）已于 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 2025 年第一 季度的经营成果、财务状况，公司计划于 2025 年 5 月 14 日（星期三）13:00-14:45 举行 2025 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 ...