Financial Performance - The company's operating revenue for Q3 2024 was CNY 444,048,876.57, representing a year-on-year increase of 0.51%[2] - The net profit attributable to shareholders for Q3 2024 was CNY 25,844,435.67, an increase of 15.73% compared to the same period last year[2] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 17,748,722.17, up by 4.52% year-on-year[2] - The basic earnings per share for Q3 2024 was CNY 0.021, reflecting a 16.67% increase compared to the previous year[2] - Total operating revenue for the first three quarters of 2024 reached ¥872,962,348.02, an increase from ¥811,291,359.27 in the same period of 2023, representing a growth of approximately 7.5%[13] - Net profit for the first three quarters of 2024 was ¥6,008,907.32, compared to ¥2,195,229.78 in 2023, indicating a significant increase of approximately 173.5%[14] - The company reported a total profit of ¥6,563,795.23 for the first three quarters of 2024, compared to ¥3,772,192.91 in 2023, reflecting an increase of about 74.8%[14] Assets and Liabilities - The total assets at the end of Q3 2024 were CNY 3,885,393,869.49, a decrease of 1.87% from the end of the previous year[3] - As of September 30, 2024, the company's total assets amounted to CNY 3,885,393,869.49, a decrease from CNY 3,959,511,729.97 at the end of 2023, representing a decline of approximately 1.87%[10] - The company's total equity attributable to shareholders decreased to CNY 3,241,063,168.69 from CNY 3,250,002,747.12, reflecting a decline of about 0.27%[12] - The company's total liabilities decreased to CNY 644,330,700.80 from CNY 709,508,982.85, reflecting a decline of about 9.2%[11] Cash Flow - The net cash flow from operating activities for Q3 2024 was CNY -31,831,894.38, indicating a significant decline due to reduced payments from railway vehicle products[5] - Cash flow from operating activities showed a net outflow of ¥150,651,272.96 in 2024, slightly worsening from a net outflow of ¥146,167,959.35 in 2023[15] - The net cash flow from investment activities was 78,002,467.88 CNY, a significant improvement from a negative 329,296,519.14 CNY in the previous year[16] - Total cash and cash equivalents at the end of the period amounted to 427,548,632.92 CNY, compared to 289,070,434.37 CNY in the same period last year[16] - The net increase in cash and cash equivalents was negative 86,700,261.05 CNY, showing an improvement from negative 481,285,859.66 CNY year-over-year[16] Shareholder Information - The number of common shareholders at the end of the reporting period was 82,424, with the largest shareholder holding 30.79% of the shares[6] Investment and Expenses - Cash inflow from investment activities in 2024 was ¥1,060,305,685.00, up from ¥720,000,000.00 in 2023, marking an increase of about 47.2%[15] - Research and development expenses rose to ¥50,025,137.32 in 2023 from ¥44,991,027.74 in 2022, an increase of approximately 11.3%[13] - Cash paid for the acquisition of fixed assets, intangible assets, and other long-term assets was 25,414,344.82 CNY, up from 12,646,677.85 CNY year-over-year[16] Other Financial Metrics - The weighted average return on equity for Q3 2024 was 0.80%, an increase of 0.11 percentage points compared to the previous year[2] - The company experienced a 173.73% increase in net profit attributable to shareholders for the year-to-date, mainly due to increased asset disposal gains[5] - The company reported a significant increase in accounts payable, rising to CNY 298,849,909.02 from CNY 246,507,604.10, which is an increase of approximately 21.2%[11] - The company's cash and cash equivalents decreased to CNY 428,050,375.98 from CNY 514,248,893.97, reflecting a reduction of about 16.74%[8] - Accounts receivable increased significantly to CNY 456,708,089.45 from CNY 257,349,751.43, marking an increase of approximately 77.5%[9] - Inventory decreased to CNY 510,004,709.64 from CNY 559,984,130.19, indicating a decline of about 8.9%[10] - Total current liabilities decreased to CNY 584,278,303.47 from CNY 644,379,502.97, a reduction of approximately 9.35%[11] - The company’s non-current liabilities totaled CNY 60,052,397.33, down from CNY 65,129,479.88, indicating a decrease of about 7.9%[11] - The company’s retained earnings as of September 30, 2024, were CNY 606,256,786.95, down from CNY 614,746,170.26, a decrease of approximately 1.6%[12] Future Outlook - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[14]

证券代码：600495 证券简称：晋西车轴 公告编号：临 2024-043 晋西车轴股份有限公司 关于召开 2024 年第二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 年第二次临时股东大会 召开的日期时间：2024 年 11 月 14 日 14 点 30 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 网络投票起止时间：自 2024 年 11 月 14 日 至 2024 年 11 月 14 日 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 | 序号 | 议案名称 | 投票股东类型 | | --- | --- | -- ...

证券代码：600495 证券简称：晋西车轴 公告编号：临 2024-042 晋西车轴股份有限公司 关于续聘会计师事务所的公告 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： 拟聘任的会计师事务所名称：立信会计师事务所（特殊普通合伙）。 晋西车轴股份有限公司（以下简称"公司"）于 2024 年 10 月 29 日召开第 七届董事会第二十四次会议，审议通过关于续聘会计师事务所的议案，董事会同 意续聘立信会计师事务所（特殊普通合伙）为公司 2024 年度财务审计机构和内 部控制审计机构。本事项尚需提交公司股东大会审议。现将具体情况公告如下： 一、拟聘任会计师事务所的基本情况 （一）机构信息 1.基本信息 立信会计师事务所（特殊普通合伙）（以下简称"立信"）由我国会计泰斗 潘序伦博士于 1927 年在上海创建，1986 年复办，2010 年成为全国首家完成改制 的特殊普通合伙制会计师事务所，注册地址为上海市，首席合伙人为朱建弟先生。 立信是国际会计网络 BDO 的成员所，长期从事证券服务业务，新证券法实施前 具有证券、 ...

晋西车轴股份有限公司 （JINXI AXLE COMPANY LTD.） 2024年第二次临时股东大会 会议资料 晋西车轴股份有限公司 2024年11月14日 晋西车轴股份有限公司 2024 年第二次临时股东大会 会议议程 晋西车轴股份有限公司 2024 年第二次临时股东大会会议议程 一、时间 1、现场会议召开时间：2024 年 11 月 14 日 14 点 30 分 开始。 2、网络投票起止时间：采用上海证券交易所（以下简 称"上交所"）股东大会网络投票系统，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 2024 年 11 月 14 日 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。 二、现场会议召开地点 山西省太原市和平北路北巷5号晋西宾馆会议室 三、出席人员 1、2024年11月7日下午15:00交易结束后在中国证券登记 结算有限责任公司上海分公司登记在册的本公司股东或授 权委托人； 2、公司董事、监事和高级管理人员； 3、公司聘请的律师； 4、其 ...

晋西车轴股份有限公司（以下简称"公司"）董事会于近日收到公司独立董 事张鸿儒的书面辞职报告。张鸿儒因个人原因，申请辞去公司独立董事职务，同 时辞去董事会薪酬与考核委员会主任委员、战略与ESG委员会委员、审计委员会 委员职务。 张鸿儒辞去上述职务后，将导致公司独立董事人数少于董事会人数的三分之 一，根据《公司法》《上市公司独立董事管理办法》以及公司《章程》等有关规 定，上述辞职报告将在公司股东大会选举产生新任独立董事后方可生效。在此期 间，张鸿儒仍将按照法律法规和公司《章程》的规定继续履行独立董事及相关专 门委员会职责。公司董事会将按照有关规定，尽快完成独立董事的补选工作。 关于公司独立董事辞职的公告 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个别及连带责任。 证券代码：600495 证券简称：晋西车轴 公告编号：临 2024-039 晋西车轴股份有限公司 晋西车轴股份有限公司董事会 2024 年 10 月 23 日 张鸿儒在担任公司独立董事期间恪尽职守、勤勉尽责，公司及董事会对其为 公司发展所做出的贡献表示衷心的感谢！ 特此公告。 ...

Investment Rating - First coverage of Jinxi Axle with a "Buy" rating and a target price of 4.38 RMB, corresponding to a 128x PE for 2024 [3][4] Core Views - Jinxi Axle is the only listed platform under Jinxi Group and is expected to benefit from large-scale equipment renewal policies and the upcoming rail transit maintenance cycle, leading to potential outperformance in earnings [2][3] - The company is a global leader in railway axle production, with significant overseas market expansion and participation in the domestic substitution of high-speed rail axles [3][4] - The railway and urban rail transit sectors are entering a peak demand period for axles due to maintenance cycles and equipment renewal policies [3][10] Financial Projections - Revenue is expected to grow from 1.428 billion RMB in 2024 to 1.758 billion RMB in 2026, with a CAGR of 11.3% [3][10] - Net profit is projected to increase from 41 million RMB in 2024 to 61 million RMB in 2026, with a CAGR of 30.6% [3][10] - EPS is forecasted to rise from 0.03 RMB in 2024 to 0.05 RMB in 2026 [3][10] Industry and Market Analysis - The railway sector is supported by policies such as the "Belt and Road" initiative, with railway fixed-asset investment reaching 337.3 billion RMB in H1 2024, a 10.6% YoY increase [3][10] - The maintenance cycle for railway and urban rail transit vehicles is expected to drive demand for axles, with the replacement cycle typically being 8 years [3][10] - Overseas revenue accounted for over 30% of total revenue in 2023, with significant growth in markets such as North America, the EU, and Southeast Asia [3][10] Company Strengths - Jinxi Axle is the only listed platform under Jinxi Group, with a comprehensive product portfolio in railway axles and vehicles [15][17] - The company has a strong presence in the domestic market, with a 33% market share in railway freight axles and a 4% share in railway freight vehicles [38][39] - It has successfully expanded into international markets, becoming the first mainland manufacturer to supply axles for Hong Kong MTR [39][43] Technological Advancements - The company is a key participant in the domestic substitution of high-speed rail axles, with its 350 km/h high-speed rail axles already in use on "Fuxing" trains [43] - Jinxi Axle has developed advanced axle technologies, including real-time monitoring systems for key parameters, enhancing operational efficiency and safety [39][43]

晋西车轴股份有限公司 证券代码：600495 证券简称：晋西车轴 公告编号：临 2024-038 晋西车轴股份有限公司 关于监事会主席辞职的公告 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。 晋西车轴股份有限公司（以下简称"公司"）监事会于近日收到公司监事会 主席史庆书的书面辞职报告。史庆书因年龄原因，申请辞去公司第七届监事会监 事会主席职务，仍担任公司监事职务。 史庆书在担任公司监事会主席期间，认真履行职责，勤勉尽责，为公司规范 运作与发展发挥了积极作用，公司对史庆书任职期间为公司发展所做出的贡献表 示衷心感谢！ 特此公告。 2024 年 9 月 7 日 ...

Group 1: Stock Performance and Investor Relations - The company's stock price has been declining, dropping below 3 yuan, raising concerns about maintaining stock stability [2][3] - The company acknowledges the impact of various factors on stock price and emphasizes the importance of rational investment and risk awareness [3] - The company is committed to improving operational management and enhancing information disclosure quality to align market value with intrinsic value [3] Group 2: Industry Outlook and Company Strategy - The rail transit equipment industry is in a recovery phase, with national policies supporting growth [4] - From January to July, the national railway passenger volume increased by 15% year-on-year, while freight volume saw a slight growth of 0.1% [4] - The company is positioned in the middle of the rail transit equipment supply chain and aims to leverage industry policy developments for future growth [4] Group 3: Financial Performance and Challenges - In the first half of 2024, the company reported losses due to low market demand and order delivery issues [4] - The company is focusing on organizing production and delivery of key products while strictly controlling costs to improve economic performance [4]

Business Overview - Jinxi Axle's main business is in the rail transportation equipment manufacturing industry, producing over 100,000 high-quality railway axles annually, covering various types of railway freight cars, passenger cars, subways, and high-speed trains [2][3] - The company has production qualifications for 13 types of railway freight cars, with an annual production capacity of 3,000 units, and produces railway vehicle components, primarily side frames, with a capacity of 7,500 units, mainly for export to North America [3] Market Impact and Trends - The demand for equipment updates and maintenance in the rail transportation industry is expected to positively impact the company's axle business, particularly with the national plan to replace old diesel locomotives by 2027 [3][4] - There are currently five domestic companies with national railway axle production qualifications, with three belonging to China CNR Corporation [4] Product Value and Lifespan - High-speed train axles are valued at approximately four times that of freight car axles, with a shorter replacement cycle, although the total demand for freight car axles remains significantly higher [4] - The design lifespan of axles is considered infinite; however, freight car axles typically have a lifespan of 25 years, while high-speed train axles are designed for 30 years [4][5] Market Share and Procurement - The company's market share in the national railway procurement of maintenance axles is approximately one-third, with a 32% share in the first batch of freight axle procurement projects for 2024 [5][6] - The domestic demand for new railway freight cars is around 25,000 to 30,000 units annually, influenced by freight volume needs [5][6] Production and Competitive Advantages - The company employs advanced production processes including hot processing, forging, and machining, with core equipment imported from Austria, ensuring high efficiency and quality [6][7] - Jinxi Axle is recognized as a leading manufacturer with a comprehensive product range and strong R&D capabilities, maintaining a high reputation in the industry [6][7] Business Expansion and Future Plans - The company is exploring new business areas, including smart firefighting and defense equipment, although these currently represent a small portion of overall business [6][7] - Jinxi Axle emphasizes value management and shareholder incentives, focusing on improving operational performance and investor communication to align market value with intrinsic value [7][8] Cost Management and Order Status - The company faces pressure from raw material cost fluctuations, particularly steel, which affects profit margins [7] - Current orders for railway freight car products have reached last year's levels, with ongoing efforts to secure more orders [7][8]

证券代码：600495 证券简称：晋西车轴 公告编号：临 2024-037 本次投资者说明会以网络互动形式召开，公司将针对 2024 年半年度的经营 成果及财务指标的具体情况与投资者进行互动交流和沟通，在信息披露允许的范 围内就投资者普遍关注的问题进行回答。 二、说明会召开的时间、地点 晋西车轴股份有限公司 关于召开 2024 年半年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 2024 年 8 月 15 日(星期四)至 8 月 21 日(星期三)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 2024 年 8 月 10 日发布公 司 2024 年半年度报告，为便于广大投资者更全面 ...