导语：市值 260 亿，现金 170 亿，PB 1.08 倍，股息率 5% 作者：市值风云 App：木盒 而且公司几乎没啥银行借款，净利润连续 4 年创历史新高了，这种高现金的资产质 量和利润成长表现，还看啥科技股？顿时觉得科技股都不香了…… 2023 年股息率为 5.15%，股价上涨后现在股息率仍有 4.47%。 吾股评级全 A 股 5318 家公司排名第 9。 （市值风云 App） ——————以下为付费部分（不可见）—————— 一、超多现金储备 天地科技业务主要是做煤炭矿山相关设备的，包括成套智能化煤机装备、安全装备、 洗选装备、高效节能环保装备、监测监控系统等。 见过吾股排名第 9 的宝藏公司后，科技股都不香了！ 有一家上市公司，风云君研究后发现，简直是一块大宝藏！ 2023 年账上有货币现金 170 亿，最近卖了一个煤矿回收 27 亿现金，前三季度净利 润已有 21.8 亿，预计今年净利润 26 亿左右。 公司 PB 才 1.08，市值 260 亿左右，PE 为 10 倍，但是扣除类现金的 PE 为 3 倍： （260 亿市值-预计年底类现金 180 亿）/26 亿净利润=3 倍。 现在天地科技的 ...

本次权益变动属增持，资金来源为诚通金控自有资金，不触及要约收购，不会使公司控股股东、实际控 制人发生变化。 财联社1月3日电，天地科技公告，公司收到股东北京诚通金控投资有限公司提交的简式权益变动报告 书。 诚通金控于2024年12月31日通过二级市场集中竞价方式增持公司股份413.87万股，占公司总股本的 0.10%，增持后持股比例达到5.00%。 ...

证 2024 年 12 月 06 日 研 报 告 公 司 研 究 | --- | --- | --- | |-----------------------------------------------------|-----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...

Investment Rating - Buy (首次) [2] Core Views - The company's main business is stable, and profitability is improving [2] - The coal industry's efficiency growth is driving the demand for coal machinery [2] - The company is actively responding to the "Belt and Road" initiative, with broad growth prospects in overseas markets [2] - The company has significant market advantages in new coal mine design, with a market share of over 80% [2] - The company's R&D expenses and R&D expense ratio have been increasing year by year, with R&D expense ratios of 6.31%, 6.43%, and 6.93% in 2021, 2022, and 2023 respectively [2] - The company has a good cooperative relationship with Huawei in 5G, data centers, and data communication products [2] Financial Forecasts - Revenue for 2024-2026 is predicted to be 31.275 billion, 32.622 billion, and 34.492 billion yuan respectively [5] - EPS for 2024-2026 is predicted to be 0.63, 0.69, and 0.75 yuan respectively [5] - The current stock price corresponds to PE ratios of 9.8, 9.0, and 8.2 times for 2024-2026 [5] - Net profit attributable to the parent company for 2024-2026 is predicted to be 2.61 billion, 2.836 billion, and 3.122 billion yuan respectively [7] - The growth rate of net profit attributable to the parent company for 2024-2026 is predicted to be 10.7%, 8.7%, and 10.1% respectively [7] Industry Analysis - The coal industry is in a stable development cycle, and coal continues to play a role as a "stabilizer" and "ballast stone" in ensuring the stable supply of energy security in China [2] - The structural reform of the coal supply side has achieved significant results, and the industrial structure has been continuously optimized, which will have a positive impact on investment in coal infrastructure and coal machinery manufacturing [2] - The demand for coal machinery equipment will remain high, and the company's performance is expected to improve with the continuous release of intelligent coal mine demand [2] - The coal machinery industry's export business is growing rapidly, with the industry's export revenue reaching 12.56 billion yuan in 2023, a year-on-year increase of 59% [2] Company Performance - The company's new orders in the first half of 2024 were 20.5 billion yuan, with coal machinery equipment orders basically flat compared to the previous year [2] - The company's R&D expenses increased by 25.67%, 18.44%, and 17.59% year-on-year in 2021, 2022, and 2023 respectively [2] - The company's largest 5G private network project has been successfully implemented at the Guoneng Shendong Shangwan Coal Mine [2] - The company's international sales contracts in the first three quarters reached a new high, and the company will continue to seize the favorable opportunity of the "Belt and Road" policy to vigorously expand overseas business [2]

基本數据 收盘价 ¥ 6.35 天地科技(600582) 证券研究报告 | 公司点评 | 专用设备 报告日期:2024年11月09日 Q3 归母净利润同比增长 10%，煤机央企龙头稳健增长 -天地科技点评报告 投资要点 0 事件: 公司发布 2024年 Q3 报告, 2024年 Q3 业绩同比增长 10% 1)2024 前三季度业绩:公司积极响应国家政策,抓住市场机遇,进一步加强与 重点客户的精准对接,2024 前三季度实现营业收入 219.9 亿元,同比增长 0.4%; 归母净利润 21.8 亿元,同比增长 10.3%; 扣非归母净利润 20.9 亿元,同比增长 9.4%。 业绩符合市场预期。 2）2024Q3 业绩：2024Q3 实现营业收入 71 亿元,同比下降 3.4%，环比下降 5.7%; 归母净利润 6.4亿元,同比增长 10%, 环比减少 23.4%。 □ 2024Q3 净利率同比增长,降本增效成果显著 1)利润率方面:2024 前三季度毛利率为 32.5%,同比减少 0.1pct;净利率为 12.8%,同比增加 1.1pcts。2024Q3 毛利率为 31.4%,同比减少 0.5pct, 环比 ...

Revenue and Profit - Revenue for the third quarter was RMB 7,097,776,235.50, a decrease of 3.43% year-over-year[2] - Net profit attributable to shareholders of the listed company was RMB 643,309,406.33, an increase of 9.98% year-over-year[2] - Total operating income for the first three quarters of 2024 reached 21,987,268,125.84 RMB, a slight increase from 21,905,361,057.99 RMB in the same period of 2023[16] - Net profit for the first three quarters of 2024 was 2,821,308,231.18 RMB, up from 2,573,212,467.50 RMB in the same period of 2023[17] - Net profit attributable to the parent company's shareholders was 2,175,619,816.34 RMB in the first three quarters of 2024, up from 1,971,742,601.73 RMB in the same period of 2023[18] Assets and Equity - Total assets as of the end of the reporting period were RMB 53,401,876,547.42, an increase of 0.32% compared to the end of the previous year[4] - Equity attributable to shareholders of the listed company was RMB 24,000,933,115.44, an increase of 4.63% compared to the end of the previous year[4] - Total assets amounted to RMB 53.40 billion as of September 30, 2024, slightly up from RMB 53.23 billion at the end of 2023[13] - Total liabilities as of Q3 2024 amounted to 23,166,143,374.68 RMB, slightly lower than 24,174,531,494.44 RMB in the same period of 2023[14] - Total equity attributable to the parent company's shareholders was 24,000,933,115.44 RMB in Q3 2024, up from 22,941,446,462.92 RMB in the same period of 2023[14] - Total assets as of Q3 2024 were 53,401,876,547.42 RMB, slightly higher than 53,232,495,100.85 RMB in the same period of 2023[15] Earnings Per Share and Return on Equity - Basic earnings per share were RMB 0.156, an increase of 10.64% year-over-year[4] - Weighted average return on equity was 2.57%, a decrease of 0.13 percentage points year-over-year[4] - Basic earnings per share (EPS) for the first three quarters of 2024 was 0.526 RMB, compared to 0.476 RMB in the same period of 2023[19] Development and Investment - Development expenditure increased by 1,390.20% due to new development projects[7] - Investment income increased by 79.69% due to growth in interest income from large deposits[7] - Non-operating income increased by 78.93% due to an increase in government subsidies received by subsidiaries[7] - R&D expenses increased to 1,372,168,846.09 RMB in the first three quarters of 2024, compared to 1,276,023,827.37 RMB in the same period of 2023[16] Shareholders and Shareholding - The number of ordinary shareholders at the end of the reporting period was 42,689[8] - The China Agricultural Bank's CSI 500 ETF held 30.15 million shares, representing 0.73% of the total shares[11] - The Abu Dhabi Investment Authority held 16.94 million shares, representing 0.41% of the total shares[9] - The Hong Kong Monetary Authority held 16.63 million shares, representing 0.40% of the total shares[9] Cash Flow and Monetary Funds - The company's monetary funds decreased to RMB 11.64 billion as of September 30, 2024, compared to RMB 17.03 billion at the end of 2023[12] - Sales of goods and services received cash of 13,449,143,843.08 yuan in the first three quarters of 2024, compared to 13,300,903,849.49 yuan in the same period of 2023[20] - Net cash flow from operating activities was -1,623,857,877.42 yuan in the first three quarters of 2024, a significant decrease from 1,717,749,199.15 yuan in the same period of 2023[21] - Net cash flow from investing activities was -2,260,716,990.48 yuan in the first three quarters of 2024, compared to -1,675,830,539.36 yuan in the same period of 2023[21] - Net cash flow from financing activities was -1,986,892,076.43 yuan in the first three quarters of 2024, a decrease from 832,255,577.78 yuan in the same period of 2023[21] - The net increase in cash and cash equivalents was -5,872,174,577.73 yuan in the first three quarters of 2024, compared to 879,739,522.20 yuan in the same period of 2023[22] - The ending balance of cash and cash equivalents was 10,807,679,180.79 yuan at the end of the third quarter of 2024, down from 12,258,186,396.80 yuan at the end of the same period in 2023[22] Accounts Receivable and Payable - Accounts receivable increased to RMB 14.32 billion as of September 30, 2024, up from RMB 9.80 billion at the end of 2023[12] - Accounts payable increased to RMB 11.83 billion as of September 30, 2024, up from RMB 10.33 billion at the end of 2023[13] - Contract liabilities decreased to RMB 2.99 billion as of September 30, 2024, down from RMB 3.94 billion at the end of 2023[13] Inventory and Borrowings - Inventory rose to RMB 6.52 billion as of September 30, 2024, compared to RMB 5.19 billion at the end of 2023[13] - Short-term borrowings decreased to RMB 233.80 million as of September 30, 2024, down from RMB 835.29 million at the end of 2023[13] Comprehensive Income and Operating Costs - Total comprehensive income for the first three quarters of 2024 was 2,821,076,266.00 RMB, up from 2,574,937,188.79 RMB in the same period of 2023[19] - Total operating costs for the first three quarters of 2024 were 18,935,663,517.35 RMB, compared to 18,806,955,004.53 RMB in the same period of 2023[16]

财务摘要 天地科技(600582) 报告日期：2024 年 09 月 02 日 上半年归母净利润同比增长 10.5%，煤机央企龙头行稳致远 ——天地科技点评报告 投资要点 ❑ 事件：公司发布 2024 年半年度报告，2024 年上半年业绩同比增长 10.5% 1）2024H1 业绩：公司积极响应国家政策，进一步抢抓市场机遇，强化对重点客 户精准对接，2024H1实现营业收入 148.9亿元，同比增长 2.3%；归母净利润 15.3 亿元，同比增长 10.5%；扣非归母净利润 14.7亿元，同比增长 9.4%。加权平均净 资产收益率 6.6%，同比增加 0.2pct。业绩符合市场预期。 2）2024Q2 业绩：2024Q2 实现营业收入 75.3 亿元，同比下降 4.8%，环比增长 2.2%；归母净利润 8.4 亿元，同比增长 10.3%，环比增长 21.4%。 ❑ 2024Q2 净利率同环比均增长，降本增效成果显著 1）利润率方面：2024H1 毛利率为 33%，同比增加 0.1pct；净利率为 13.5%，同 比增加 1.2pct。2024Q2 毛利率为 35.4%，同比增加 1.7pcts，环比增加 4. ...

2024 年半年度报告 公司代码：600582 公司简称：天地科技 天地科技股份有限公司 2024 年半年度报告 1 / 208 2024 年半年度报告 重要提示 一、 本公司董事会、监事会及董事、监事、高级管理人员保证半年度报告内容的真实性、准确性、 完整性，不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 二、 公司全体董事出席董事会会议。 三、 本半年度报告未经审计。 四、 公司负责人胡善亭、主管会计工作负责人张林及会计机构负责人（会计主管人员）王志刚声 明：保证半年度报告中财务报告的真实、准确、完整。 五、 董事会决议通过的本报告期利润分配预案或公积金转增股本预案 无 六、 前瞻性陈述的风险声明 □适用 √不适用 七、 是否存在被控股股东及其他关联方非经营性占用资金情况 否 八、 是否存在违反规定决策程序对外提供担保的情况 否 九、 是否存在半数以上董事无法保证公司所披露半年度报告的真实性、准确性和完整性 否 十、 重大风险提示 本半年度报告第三节"管理层讨论与分析"描述了公司可能面对的风险 十一、其他 □适用 √不适用 2 / 208 2024 年半年度报告 | --- | --- ...

浙商证券研究所提醒您一本次电话会已经面向浙商证券研究所签约的机构投资者以及受邀客户第三方嘉宾发言内容仅代表其个人观点所有信息或所表述的意见均不构成对具体证券在具体价位具体时点具体市场表现的判断或投资建议 2、嘉宾所说信息或所表述的意见均不构成浙商证券研究所研究观点如果嘉宾发布的观点和浙商研究所发布的观点有分歧或不一致这也仅作为一种不同的研究视角供投资者参考3、依照监管要求和保密原则,未经合法授权,严禁录音、记录、转发 感谢您的理解和配合若本次交流内容不慎流出或涉嫌违反上述情形的我们将保留追究法律责任的权利再次感谢您对这张证券的理解和配合谢谢好的各位领导大家晚上好我是这张证券机械国防行业首席的医师王华钧那么今天我们这张机械深度挽救点向大家汇报一下 煤炭机械的龙头对天地科技那么今天跟我一起汇报的有我们团队非常优秀的人员孙旭鹏老师那个在天地科技的这公司的话我自我入行2011年入行之后已经跟踪了差不多14年时间了之前上一轮的周期基本都经历过 那么天地科技之前的话像在目前煤炭机械行业的话像天地科技镇煤机三一国际之前的一些公司还有包括像之前像灵州冬菊山东矿局煤安生还有创力集团等等上海创力集团等等有很多的煤炭机械的企业我们 ...

证券研究报告 | 2024年04月26日 天地科技（600582.SH） 买入 营收及利润稳健增长，行业资本开支仍处于高位 核心观点 公司研究·财报点评 营收稳定增长，业绩同步提升。2024年第一季度营收约73.65亿元，同比增 煤炭·煤炭开采 加10.74%；归属于上市公司股东的净利润约6.92亿元，同比增加10.78%； 证券分析师：樊金璐 证券分析师：胡瑞阳 基本每股收益0.167元，同比增加10.78%，整体保持稳健增长。 010-88005330 0755-81982908 fanjinlu@guosen.com.cn huruiyang@guosen.com.cn 订单持续增长，未来增长可期。2023年，全年新签合同额369.9亿元。西安 S0980522070002 S0980523060002 研究院、山西煤机、天地王坡、天地奔牛、上海煤科等单位新签合同额超过 基础数据 30亿元，西安研究院、山西煤机等单位新签合同额同比增长超过20%，为2024 投资评级 买入(维持) 合理估值 年全年业绩提供支撑。 收盘价 7.53元 总市值/流通市值 31164/31164百万元 行业固定资产投资维持增长 ...