Investment Rating - The investment rating for the company is "Buy" [1][4][9] Core Views - The company has shown stable revenue growth, with Q1 2024 revenue approximately 7.365 billion yuan, a year-on-year increase of 10.74%. The net profit attributable to shareholders is about 0.692 billion yuan, also up by 10.78% year-on-year [1][5][6] - The company secured new contracts worth 36.99 billion yuan in 2023, with significant contributions from various units, indicating strong future growth potential [1][6] - The fixed asset investment in the coal mining and washing industry has maintained growth, with a year-on-year increase of 32.9% in the first quarter of 2024 [1][6] - Recent policies from the National Development and Reform Commission and the National Energy Administration support new capacity construction, which is expected to sustain high capital expenditure in the industry [1][6] Financial Forecasts - Revenue projections for 2024-2026 are 33.41 billion yuan, 36.47 billion yuan, and 39.87 billion yuan respectively, with net profits of 2.63 billion yuan, 2.92 billion yuan, and 3.19 billion yuan [2][9] - Earnings per share are expected to be 0.64 yuan, 0.71 yuan, and 0.77 yuan for the same period [2][9] - The company is positioned as a leading state-owned enterprise in the coal machinery sector, with a stable industry landscape and increasing demand for coal machinery due to rising coal production capacity [1][9]

2023 年 10 月 25 日，财政部发布了《准则解释第 17 号》，其中 "关于流动负债与非流动负债的划分"、"关于供应商融资安排的披 露"和"关于售后租回交易的会计处理"的内容规定自 2024 年 1 月 1 日起施行。按照通知要求，公司对会计政策进行变更。 证券代码：600582 证券简称：天地科技 公告编号：临 2024-014 号 天地科技股份有限公司 关于会计政策变更的公告 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。 重要内容提示： 天地科技股份有限公司（以下简称"公司"）的本次会计政策变更 系根据中华人民共和国财政部（以下简称"财政部"）发布的《企业 会计准则解释第 17 号》（财会[2023]21 号，以下简称"《准则解释 第 17 号》"）相关规定进行的会计政策变更，无需提交董事会、监 事会和股东大会审议，对公司的财务状况、经营成果和现金流量无重 大影响，不存在损害公司和全体股东利益的情形。 一、会计政策变更概述 公司本次会计政策变更是根据国家统一的会计制度要求进行的 变更，无需提 交公司董事会、 ...

Financial Performance - The company's operating revenue for Q1 2024 was CNY 7,364,870,102.76, representing a year-on-year increase of 10.74%[4] - The net profit attributable to shareholders for Q1 2024 was CNY 692,191,072.20, reflecting a growth of 10.78% compared to the same period last year[4] - The basic earnings per share for Q1 2024 was CNY 0.167, up by 10.78% year-on-year[4] - Total operating revenue for Q1 2024 reached ¥7,364,870,102.76, an increase of 10.67% compared to ¥6,650,881,831.52 in Q1 2023[18] - Net profit for Q1 2024 was ¥915,197,243.73, up 12.09% from ¥816,382,523.77 in Q1 2023[20] - Basic earnings per share for Q1 2024 were ¥0.167, compared to ¥0.151 in Q1 2023, indicating an increase of 10.60%[21] Cash Flow - The net cash flow from operating activities for Q1 2024 was negative at CNY -2,277,520,019.02, indicating a significant cash outflow[4] - In Q1 2024, the company reported cash inflows from operating activities totaling CNY 4,000,571,768.60, a slight decrease of 1.04% compared to CNY 4,042,902,689.81 in Q1 2023[23] - Cash outflows from operating activities increased significantly to CNY 6,278,091,787.62, up 30.66% from CNY 4,809,143,164.57 in the same period last year[23] - The company experienced a net cash outflow from investing activities of CNY -414,618,597.67, an improvement from CNY -1,462,864,921.51 in the previous year[24] - Cash inflows from financing activities were recorded at CNY 79,754,914.00, while cash outflows totaled CNY 173,084,213.78, resulting in a net cash flow of CNY -173,084,213.78[24] - The ending balance of cash and cash equivalents was CNY 13,814,403,569.99, down from CNY 16,679,853,758.52 at the beginning of the period[24] - The company’s cash and cash equivalents decreased by CNY 2,865,450,188.53 in Q1 2024, compared to a decrease of CNY 2,433,958,555.07 in Q1 2023[24] Assets and Liabilities - Total assets at the end of Q1 2024 were CNY 52,393,143,012.34, a decrease of 1.58% from the end of the previous year[5] - The total liabilities decreased to RMB 40,208,690,255.10 from RMB 40,632,351,449.27, indicating a reduction of approximately 1.04%[15] - The total liabilities decreased to ¥22,554,219,929.96 in Q1 2024 from ¥24,174,531,494.44 in Q1 2023, a reduction of approximately 6.71%[17] - The total equity increased to ¥29,838,923,082.38 in Q1 2024 from ¥29,057,963,606.41 in Q1 2023, reflecting a growth of about 2.68%[17] Shareholder Information - The number of common shareholders at the end of the reporting period was 37,451, with the largest shareholder holding 55.54% of the shares[9] - The company has not reported any significant changes in the top 10 shareholders or their participation in margin trading activities during the reporting period[12] Operational Metrics - The weighted average return on equity was 2.97%, a decrease of 0.05 percentage points compared to the previous year[4] - The company reported a total of CNY 26,185,826.15 in non-recurring gains and losses for the period[6] - The company experienced a 42.25% decrease in accounts receivable financing due to the maturity of bank acceptance bills during the reporting period[7] - Accounts receivable increased significantly to RMB 11,899,014,592.39 from RMB 9,796,387,020.95, representing a growth of about 21.43%[14] - Inventory rose to RMB 6,167,580,968.03, up from RMB 5,192,238,049.33, indicating an increase of approximately 18.77%[15] - The company reported a decrease in accounts payable to ¥10,899,653,120.78 in Q1 2024 from ¥10,331,742,875.79 in Q1 2023, a decline of 5.49%[16] Expenses - Operating costs for Q1 2024 amounted to ¥6,374,382,448.04, representing a 12.59% increase from ¥5,659,081,601.68 in Q1 2023[18] - Research and development expenses for Q1 2024 were ¥316,805,730.05, slightly down from ¥323,739,957.51 in Q1 2023[18] - Payments to employees increased to CNY 2,279,136,740.83, compared to CNY 1,838,382,920.38 in the same quarter last year, reflecting a growth of 24.0%[23] - The company reported a significant increase in cash paid for purchasing goods and services, which rose to CNY 2,699,200,135.87 from CNY 1,754,982,089.70, marking a 53.7% increase[23] Future Outlook - Future outlook includes continued focus on market expansion and potential new product development, although specific figures were not disclosed in the report[20]

证券代码：600582 证券简称：天地科技 公告编号：临 2024-013 号 天地科技股份有限公司 2023 年年度股东大会决议公告 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。 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 (一) 股东大会召开的时间：2024 年 4 月 19 日 (二) 股东大会召开的地点：北京市朝阳区和平里青年沟路煤炭大厦 15 层会 议室 (三) 出席会议的普通股股东和恢复表决权的优先股股东及其持有股份情况： | 1、出席会议的股东和代理人人数 | 26 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 2,735,239,382 | | 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（%） | 66.0911 | (四) 表决方式是否符合《公司法》及《公司章程》的规定，大会主持情况 等。 本次会议由公司第七届董事会董事长胡善亭主持，采用现场会议记名投票和 网络投票相结合的方式召开。会议的召集、召开及表决方式符合《公 ...

北京市嘉源律师事务所 关于天地科技股份有限公司 2023 年年度股东大会的法律意见书 西城区复兴门内大街 158 号远洋大厦 4 楼 中国 · 北京 二〇二四年四月 天地科技 2023 年年度股东大会 法律意见书 点律师事务所 IA YUAN LAW OFFICES 北京 RELIING · 上海 SHANGHAL · 深圳 SHENZHI 致:天地科技股份有限公司 北京市嘉源律师事务所 关于天地科技股份有限公司 2023 年年度股东大会的法律意见书 嘉源(2024)-04-265 北京市嘉源律师事务所(以下简称"本所")接受天地科技股份有限公司(以 下简称"公司"）的委托,根据《中华人民共和国公司法》（以下简称"《公司 法》"）、《上市公司股东大会规则》(以下简称"《股东大会规则》")等现 行有效的法律、行政法规、部门规章、规范性文件(以下简称"法律法规")以 及《天地科技股份有限公司章程》(以下简称"《公司章程》")的有关规定, 指派本所律师对公司 2023 年年度股东大会(以下简称"本次股东大会")进行 见证,并依法出具本法律意见书。 为出具本法律意见书,本所指派律师现场见证了本次股东大会,查阅了公司 ...

特此公告。 天地科技股份有限公司监事会 2024年4月17日 股票代码：600582 股票简称：天地科技 公告编号：临2024—012号 天地科技股份有限公司 关于变更职工监事的公告 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个别及连带责任。 天地科技股份有限公司（以下简称"公司"）监事会于近日收到 职工监事李红梅女士递交的书面辞职报告。李红梅女士因届达法定退 休年龄，申请辞去监事会职工监事职务。该辞职报告自送达本公司监事 会之日起生效。公司监事会对李红梅女士在任职期间为公司发展做出 的贡献表示衷心的感谢！ 根据《公司法》《公司章程》等有关规定，公司于近日召开职工代 表大会，选举袁状先生（简历见附件）为公司第七届监事会职工监事， 任期同第七届监事会任期。 附件： 第七届监事会职工监事简历 袁状，男，1978年生，中共党员，中国人民大学工商管理专业， 硕士研究生学历，成绩优异的高级工程师。历任中煤国际工程设计 研究总院科研技术部副主任、企业管理部副主任，中国煤炭科工集 团有限公司战略投资部副部长，中共平凉市委常委、平凉市人民政 府副市 ...

Investment Rating - The investment rating for the company is "Outperform the Market" [2] Core Views - The company achieved a revenue of 29.9 billion yuan and a net profit attributable to shareholders of 2.36 billion yuan in 2023, representing a year-on-year increase of 9.2% and 20.8% respectively [5][6] - The company plans to maintain a high dividend payout, with a cash dividend of 0.28 yuan per share, accounting for 49.1% of the net profit, which corresponds to a dividend yield of 4.1% [5][6] - The coal machinery business showed steady growth, with revenue from mining automation and mechanization equipment reaching 14.13 billion yuan, up 19.9% year-on-year [6] - The company is expected to benefit significantly from the upcoming upturn in the coal machinery industry, with projected net profits for 2024-2026 of 2.79 billion, 3.20 billion, and 3.65 billion yuan respectively [6][10] Summary by Sections Financial Performance - In 2023, the company reported a total revenue of 29.93 billion yuan, with a net profit of 2.36 billion yuan, reflecting a growth of 9.2% and 20.8% year-on-year [5][7] - The company’s operating cash flow was 5.77 billion yuan, indicating high profitability quality [6][10] Revenue Breakdown - Revenue from mining automation and mechanization equipment was 14.13 billion yuan, with a gross margin of 32.4% [6][8] - Coal production and sales revenue was 2.69 billion yuan, with a gross margin of 52.7% [6][8] Profitability Forecast - The company forecasts net profits of 2.79 billion yuan in 2024, 3.20 billion yuan in 2025, and 3.65 billion yuan in 2026, with corresponding EPS of 0.67, 0.77, and 0.88 yuan [6][10] Valuation - The company is assigned a valuation range of 8.09 to 9.44 yuan based on a PE ratio of 12 to 14 times for 2024 [6][9]

[Table_MainInfo] 公司研究/机械工业/其他专用机械 证券研究报告 天地科技（600582）公司年报点评 2024年04月07日 [Table_InvestInfo] 煤机业务稳健增长，23 年归母净利同增 投资评级 优于大市 维持 逾 20% 股票数据 0[4Ta月b0le3_日S收to盘ck价（In元fo）] 7.28 [Table_Summary] 52周股价波动（元） 4.80-7.32 投资要点： 总股本/流通A股（百万股） 4139/4139 总市值/流通市值（百万元） 30129/30129 相关研究  23年归母净利同增逾20%。23年公司实现营收/归母净利299/23.6亿元，同 [《Ta业b绩le再_R创e新p高or，tI专nf业o化] 国际化发展有望进一 比+9.2%/+20.8%，扣非净利 21.8 亿元，同比+22%，非经主要为政府补助 2.3亿元。Q4单季，公司归母净利3.9亿元，同比/环比+9.8%/-33.9%。公司 步开拓市场空间》2023.09.08 每股现金分红0.28元（含税），占23年归母净利的49.1%（同比+6.7pct）， 《业绩持续增长，无惧毛 ...

会议议程 现场会议时间：2024 年 4 月 19 日上午 9:30 天地科技股份有限公司 二〇二三年年度股东大会 会议资料 2024 年 4 月 19 日 现场会议地点：北京市朝阳区青年沟路煤炭大厦 15 层会议室 网络投票时间：2024 年 4 月 19 日上海证券交易所交易时间 一、介绍参加现场会议的股东代表及参会人员 二、宣读议案 1、关于审议《公司 2023 年度董事会工作报告》的议案 2、关于审议《公司 2023 年度监事会工作报告》的议案 3、关于审议《公司 2023 年度财务决算报告》的议案 4、关于审议《公司 2023 年年度报告》及其摘要的议案 5、关于审议公司 2023 年年度利润分配预案的议案 6、关于审议公司 2024 年度日常关联交易预计的议案 7、关于审议修订《公司章程》的议案 8、关于审议修订《股东大会议事规则》的议案 9、关于审议修订《董事会议事规则》的议案 10、关于选举公司第七届董事会董事的议案 11、关于选举公司第七届监事会监事的议案 （注：独立董事将向本次股东大会汇报 2023 年度履职情况。有 关独立董事 2023 年度履职情况详见上海证券交易所网站。） 三、审议议 ...