Summary of Conference Call Minutes Company or Industry Involved - The document does not specify a particular company or industry, but it emphasizes the confidentiality of the conference call content. Core Points and Arguments - The conference call content is strictly for internal reference among participants, and any disclosure to external parties is prohibited [1] - Participants are warned against requesting, leaking, disseminating, or forwarding the conference call minutes, as such actions are considered infringement [1] - The company reserves the right to pursue legal action against individuals who violate the confidentiality of the conference call minutes [1] Other Important but Possibly Overlooked Content - The emphasis on confidentiality indicates the sensitivity of the information discussed during the call, suggesting that it may involve strategic insights or financial data that could impact market perception if disclosed [1]

苏美达股份有限公司 证券代码：600710 证券简称：苏美达 公告编号：2024-032 苏美达股份有限公司 关于 2024 年二季度获得政府补助情况的公告 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： 2024 年 4-6 月，苏美达股份有限公司（以下简称"公司"）及子公司累计 收到各类政府补助资金共计人民币 3,884.33 万元（未经审计），占公司最近一 期经审计归属于上市公司股东净利润的 3.77%。具体情况如下： | 序号 | 获得时间 | 补助 类型 | 补助金额 （万元） | 占公司最近一期经审计 净利润比例（%） | | --- | --- | --- | --- | --- | | 1 | 2024 年 4 月 | 与收益相关 | 1,395.91 | 1.35 | | 2 | 2024 年 5 月 | 与收益相关 | 1,882.04 | 1.83 | | 3 | 2024 年 6 月 | 与收益相关 | 606.38 | 0.59 | | | 合计 | | 3,884.33 | 3.77 ...

Summary of Conference Call Minutes Company or Industry Involved - The document does not specify a particular company or industry, but it emphasizes the confidentiality of the conference call content. Core Points and Arguments - The conference call content is strictly for internal reference among participants, and any disclosure to external parties is prohibited [1] - Participants are warned against requesting, leaking, disseminating, or forwarding the conference call minutes, as such actions are considered infringement [1] - The organization reserves the right to pursue legal action against individuals who violate the confidentiality of the conference call minutes [1] Other Important but Possibly Overlooked Content - The emphasis on confidentiality indicates a sensitive nature of the information discussed, suggesting that the content may involve strategic insights or financial data that could impact market perceptions [1]

Investment Rating - The report assigns a "Buy" rating for the company, with a current price of 8.09 CNY and a fair value of 9.29 CNY [14]. Core Insights - The company is expected to achieve a net profit attributable to shareholders of 11.1 billion CNY, 12.3 billion CNY, and 13.7 billion CNY for the years 2024 to 2026, representing year-on-year growth rates of 8.1%, 10.8%, and 10.8% respectively [38]. - The company has seen a significant increase in its domestic trade orders, with a reported 37% growth in the textile and garment sector [13]. - The company has successfully entered the Central and Eastern European markets, with a substantial backlog of orders in the shipbuilding sector [24]. Financial Summary - Revenue for 2022 was 141,148 million CNY, with a decline of 16.3% expected in 2023, followed by a projected recovery with growth rates of 4.9%, 7.8%, and 6.2% for 2024, 2025, and 2026 respectively [2]. - The EBITDA for 2023 is projected at 4,578 million CNY, with an expected increase to 5,312 million CNY in 2024 [2]. - The net profit attributable to shareholders is forecasted to be 1,030 million CNY in 2023, increasing to 1,113 million CNY in 2024 [2]. - The earnings per share (EPS) is expected to rise from 0.79 CNY in 2023 to 0.85 CNY in 2024 [2]. Operational Performance - The company reported a 12.04% increase in net profit for the first half of 2024, despite a 13.30% decline in revenue [26]. - The second quarter of 2024 showed a revenue decrease of 3.94% year-on-year, but net profit increased by 17.37% [26]. - The company continues to enhance its operational quality and focus on mainstream customers, leading to improved financial performance [13].

Investment Rating - The report maintains a rating of "Buy" for the company [8][24]. Core Views - The report highlights that the company's H1 revenue is approximately 55.93 billion yuan, a decrease of 13.3%, while the net profit attributable to shareholders is 570 million yuan, an increase of 12% [2][7]. - The report anticipates EPS growth of 6%, 11%, and 8% for the years 2024, 2025, and 2026, respectively, with a target price set at 10.42 yuan [2][8]. - The company has shown improved performance in Q2, with a revenue of approximately 32.18 billion yuan, down 3.9%, and a net profit of 305 million yuan, up 17.4% [2][7]. Financial Performance Summary - H1 revenue decreased by 13.3% to approximately 55.93 billion yuan, while net profit increased by 12% to 570 million yuan [2][7]. - The report estimates that the net profit margin for H1 is approximately 1.02%, an increase of 0.23 percentage points [2][7]. - The company has a projected net profit of 1.087 billion yuan for 2024, reflecting a growth of 5.6% [10]. Business Segment Performance - The report indicates that the shipbuilding and shipping, ecological environment, and textile and apparel sectors have performed well, contributing to the overall profit growth [2][7]. - The company has secured multiple orders in the shipbuilding sector, with a total of 94 vessels ordered, indicating strong future growth potential [2][7]. - The report notes that the supply chain segment has seen a narrowing revenue decline and further optimization of profit margins [2][7]. Valuation and Dividend - The company is characterized as a low-valuation, high-dividend central enterprise, with a dividend payout of 431 million yuan and a dividend rate of 41.9% [2][7]. - The current PE ratio is noted to be 8.9 times, indicating that the stock is undervalued [2][7].

[Important Notice](index=1&type=section&id=Important%20Notice) This announcement contains preliminary, unaudited financial data, subject to the final semi-annual report, with the board guaranteeing its accuracy and completeness - The financial data in this express report are preliminary and unaudited, potentially differing from the final semi-annual report[13](index=13&type=chunk)[17](index=17&type=chunk) - The company's board of directors and all directors ensure the truthfulness, accuracy, and completeness of this announcement and assume corresponding legal responsibilities[1](index=1&type=chunk)[7](index=7&type=chunk) [Major Financial Data and Indicators](index=1&type=section&id=%E4%B8%80%E3%80%812024%E5%B9%B4%E5%8D%8A%E5%B9%B4%E5%BA%A6%E4%B8%BB%E8%A6%81%E8%B4%A2%E5%8A%A1%E6%95%B0%E6%8D%AE%E5%92%8C%E6%8C%87%E6%A0%87) In H1 2024, total operating revenue decreased by 13.30% to **RMB 55.93 billion**, while net profit attributable to shareholders grew **12.04%** to **RMB 570 million** 2024 Semi-Annual Major Financial Data (Unit: RMB 10,000) | Item | Current Period | Prior Period (Adjusted) | Change (%) | | :--- | :--- | :--- | :--- | | **Total Operating Revenue** | 5,592,811.13 | 6,450,483.44 | -13.30% | | **Operating Profit** | 193,078.87 | 176,901.69 | 9.14% | | **Total Profit** | 200,305.37 | 187,333.46 | 6.92% | | **Net Profit Attributable to Shareholders** | 57,040.78 | 50,911.84 | 12.04% | | **Net Profit Attributable to Shareholders (Excluding Non-recurring Items)** | 49,561.81 | 42,662.24 | 16.17% | | **Basic EPS (RMB)** | 0.44 | 0.39 | 12.82% | | **Total Assets** | 5,801,076.57 | 5,231,164.72 (Beginning of Period) | 10.89% | | **Shareholders' Equity Attributable to Listed Company** | 697,325.94 | 688,448.14 (Beginning of Period) | 1.29% | - The company retrospectively adjusted prior year financial data due to a common control business combination with Juhengmei Engineering Technology (Ningbo) Co., Ltd. in November 2023[3](index=3&type=chunk)[16](index=16&type=chunk) [Explanation of Operating Performance and Financial Condition](index=2&type=section&id=%E4%BA%8C%E3%80%81%E7%BB%8F%E8%90%A5%E4%B8%9A%E7%BB%A9%E5%92%8C%E8%B4%A2%E5%8A%A1%E7%8A%B6%E5%86%B5%E6%83%85%E5%86%B5%E8%AF%B4%E6%98%8E) Despite macroeconomic challenges, the company achieved robust profit growth through its dual-driven strategy, with core segments driving performance and strategic focus on five key 'certainties' - Net profit attributable to shareholders reached **RMB 570 million**, growing **12.04%** year-on-year, primarily due to continuous optimization of market and customer structures[2](index=2&type=chunk) - Profit growth is primarily driven by the 'industry chain + supply chain' dual-driven model, with strong performance in shipbuilding and shipping, ecological environmental protection, and textile and apparel segments[2](index=2&type=chunk) - The company's strategy focuses on five 'certainties' to build core competitiveness: dual circulation development, digital transformation, technological innovation, green and low-carbon, and brand building[16](index=16&type=chunk) [Risk Warning](index=2&type=section&id=%E4%B8%89%E3%80%81%E9%A3%8E%E9%99%A9%E6%8F%90%E7%A4%BA) The company explicitly warns that the preliminary financial data in this report may differ from the final audited semi-annual report, advising investors to be aware of investment risks - Investors should note that the preliminary data in this announcement may differ from the final audited 2024 semi-annual report, and should be aware of investment risks[10](index=10&type=chunk)[17](index=17&type=chunk)

苏美达股份有限公司 2023 年年度权益分派实施公告 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： A 股每股现金红利 0.33 元 证券代码：600710 证券简称：苏美达 公告编号：2024-030 相关日期 苏美达股份有限公司 每股分配比例 | 股份类别 | 股权登记日 | 最后交易日 | 除权（息）日 | 现金红利发放日 | | --- | --- | --- | --- | --- | | Ａ股 | 2024/7/4 | － | 2024/7/5 | 2024/7/5 | 差异化分红送转： 否 一、 通过分配方案的股东大会届次和日期 本次利润分配方案经公司 2024 年 5 月 9 日的 2023 年年度股东大会审议通过。 二、 分配方案 1. 发放年度：2023 年年度 2. 分派对象： 截至股权登记日下午上海证券交易所收市后，在中国证券登记结算有限责任 公司上海分公司（以下简称"中国结算上海分公司"）登记在册的本公司全体股 东。 3. 分配方案： 本次利润分配以方案实施前的公司总股本 1,306 ...

苏美达股份有限公司 证券代码：600710 证券简称：苏美达 公告编号：2024-027 苏美达股份有限公司 第十届董事会第七次会议决议公告 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。 苏美达股份有限公司（以下简称"公司"）第十届董事会第七次会议通知及 相关资料于 2024 年 6 月 18 日分别以书面、电子邮件方式向全体董事发出，会议 于 2024 年 6 月 21 日以通讯方式召开。本次会议应出席董事 9 人，实际出席董事 9 人。本次会议的通知、召开及表决程序符合《中华人民共和国公司法》等有关 法律、行政法规、部门规章、规范性文件和《公司章程》的有关规定，决议合法 有效。本次会议审议通过了以下议案： 一、 关于子公司受让上海吉润置业有限公司 52%股权暨关联交易的议案 本议案在董事会审议前已经公司第十届董事会独立董事 2024 年第二次专门 会议审议通过。 具体内容请见同日在上海证券交易所网站（www.sse.com.cn）披露的《关于 子公司受让上海吉润置业有限公司 52%股权暨关联交易的公告》（公告编号： 20 ...

苏美达股份有限公司 证券代码：600710 证券简称：苏美达 公告编号：2024-029 苏美达股份有限公司 关于子公司受让上海吉润置业有限公司 52%股权 暨关联交易的公告 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： 苏美达股份有限公司（以下简称"公司"）全资子公司江苏苏美达集团有 限公司（以下简称"苏美达集团"）拟以自有资金 169,858,442.70 元，通过非公 开协议方式受让中国浦发机械工业股份有限公司（以下简称"中国浦发"）全资 子公司上海浦进企业发展有限公司（以下简称"上海浦进"）所持上海吉润置业 有限公司（以下简称"吉润置业"）52%股权，并以此获取吉润置业名下位于上海 市浦东新区金吉路 778 号的综合研发大楼资产。 本次交易构成关联交易，未构成重大资产重组。 历史关联交易情况：2024 年 4 月 11 日，经公司第十届董事会第五次会 议、第十届监事会第四次会议审议通过，同意公司与中国机械工业集团有限公司 （以下简称"国机集团"）下属国机商业保理有限公司（以下简称"国机保理"） 开展总 ...

苏美达股份有限公司 第十届监事会第六次会议决议公告 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。 苏美达股份有限公司 证券代码：600710 证券简称：苏美达 公告编号：2024-028 苏美达股份有限公司（以下简称"公司"）第十届监事会第六次会议通知及 相关资料于 2024 年 6 月 18 日分别以书面、电子邮件方式向全体监事发出，会议 于 2024 年 6 月 21 日以通讯方式召开。会议应到监事 3 人，实到监事 3 人。本次 会议的通知、召开、表决程序符合相关法律法规及《公司章程》的规定，会议合 法有效。会议审议并通过了以下议案： 一、 关于子公司受让上海吉润置业有限公司 52%股权暨关联交易的议案 经审核，监事会认为：公司受让上海吉润置业有限公司 52%股权暨关联交易 事项有利于打造上海区域总部，夯实上海区域业务发展基础；本次关联交易定价 公允，不存在损害公司及其他股东利益的情形。监事会同意本次受让上海吉润置 业有限公司 52%股权暨关联交易事项。 表决结果：赞成票 3 票，反对票 0 票，弃权票 0 票，通过本 ...