| 名称 | 持有数量(万股) | 占总股本 | 增减情 | | --- | --- | --- | --- | | | | 比例(%) | 况(万股) | | 广州智能装备产业集团有限公司 | 48636.19 | 56.56 | 不变 | | 阳光人寿保险股份有限公司-传统保险产品 | 1652.70 | 1.92 | 新进 | | 中央汇金资产管理有限责任公司 | 1628.00 | 1.89 | 不变 | | 广州维亚通用实业有限公司 | 1107.43 | 1.29 | 不变 | | 富国天惠成长混合(LOF) | 1000.00 | 1.16 | -800.00 | | 香港中央结算有限公司 | 910.86 | 1.06 | -432.90 | | 景顺长城成长之星股票A | 817.01 | 0.95 | 不变 | | 广州花都通用集团有限公司 | 668.73 | 0.78 | 不变 | | 平安基金-中国平安人寿保险股份有限公司-分红-个险分红-平安 | | | | | 人寿-平安基金权益委托投资2号单一资产管理计划 | 510.56 | 0.59 | 不变 | | 汇添富外延增长主题股票 ...

Financial Performance - The company's operating revenue for Q1 2025 was ¥1,247,861,833.40, a decrease of 9.96% compared to ¥1,385,895,990.38 in the same period last year[5] - The net profit attributable to shareholders was -¥13,001,500.41, worsening from -¥7,240,271.69 year-on-year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥20,254,338.58, a decline of 186.16% from ¥23,508,455.51 in the previous year[5] - The net cash flow from operating activities was -¥208,305,118.41, significantly lower than -¥14,661,043.21 in the same period last year[5] - Net loss for Q1 2025 was CNY 16,430,775.29, compared to a net loss of CNY 10,128,989.42 in Q1 2024, indicating a worsening of 62.5%[17] - The company reported a total comprehensive loss of CNY 16,398,844.85 for Q1 2025, compared to a loss of CNY 10,135,636.82 in Q1 2024, an increase of 62.1%[17] Assets and Liabilities - Total assets at the end of the reporting period were ¥14,324,748,153.81, down 2.68% from ¥14,719,249,634.00 at the end of the previous year[6] - The company's total assets as of March 31, 2025, were CNY 14,324,748,153.81, a decrease from CNY 14,719,249,634.00 as of December 31, 2024[14] - Total liabilities decreased to CNY 5,127,817,723.45 as of March 31, 2025, from CNY 5,481,868,850.30 at the end of 2024, a reduction of 6.4%[14] Shareholder Information - The equity attributable to shareholders decreased by 0.42% to ¥8,775,647,932.34 from ¥8,812,603,629.70 at the end of the previous year[6] - The number of ordinary shareholders at the end of the reporting period was 24,541[9] - The largest shareholder, Guangzhou Intelligent Equipment Industry Group Co., Ltd., holds 55.66% of the shares, totaling 486,361,929 shares[10] Cash Flow and Investments - The company's cash and cash equivalents were CNY 3,921,149,266.46 as of March 31, 2025, down from CNY 4,201,385,907.74 at the end of 2024, a decline of 6.7%[13] - In Q1 2025, the net cash flow from operating activities was -$208.31 million, compared to -$14.66 million in Q1 2024, indicating a significant decline[22] - Total cash inflow from operating activities in Q1 2025 was $1.54 billion, slightly down from $1.57 billion in Q1 2024[22] - Cash outflow for purchasing goods and services increased to $1.41 billion in Q1 2025 from $1.22 billion in Q1 2024, reflecting a 15.5% rise[22] - The net cash flow from investing activities was -$21.64 million in Q1 2025, an improvement from -$162.97 million in Q1 2024[22] - Cash outflow for fixed asset purchases decreased significantly to $21.69 million in Q1 2025 from $63.09 million in Q1 2024[22] - The net cash flow from financing activities was -$35.58 million in Q1 2025, compared to -$59.88 million in Q1 2024, showing a reduction in cash outflow[22] - Cash and cash equivalents at the end of Q1 2025 stood at $3.72 billion, down from $4.77 billion at the end of Q1 2024[22] - The company received $0 in new borrowings in Q1 2025, contrasting with $0.56 million in Q1 2024[22] - The total cash outflow for dividend distribution and interest payments was $452.89 million in Q1 2025, a significant decrease from $53.86 million in Q1 2024[22] - The impact of exchange rate changes on cash and cash equivalents was positive at $12.31 million in Q1 2025, compared to a negative impact of -$19.52 million in Q1 2024[22] Research and Development - Research and development expenses for Q1 2025 were CNY 48,356,897.12, down from CNY 55,226,197.61 in Q1 2024, a decrease of 12.8%[17] Inventory - The company’s inventory increased to CNY 1,201,200,278.72 as of March 31, 2025, from CNY 1,048,005,683.75 at the end of 2024, an increase of 14.6%[13] Earnings Per Share - Basic and diluted earnings per share for Q1 2025 were both CNY -0.0154, compared to CNY -0.0084 in Q1 2024, reflecting a decrease of 83.3%[19] Non-Recurring Gains - The company recognized non-recurring gains of ¥7,252,838.17 during the reporting period, including government subsidies and asset disposal gains[7] Return on Assets - The weighted average return on net assets was -0.15%, a decrease of 0.07 percentage points compared to -0.08% in the previous year[5]

证券研究报告 | 2025年04月15日 广日股份（600894.SH） 优于大市 年报点评：归母净利润同比增长 7%，高分红及回购重视股东 回报 2024 年营收/归母净利润同比变动-1.68%/+6.56%。公司 2024 年实现营收 72.60 亿元，同比下降 1.68%；归母净利润 8.12 亿元，同比增长 6.56%，扣 非归母净利润 7.41 亿元，同比增长 2.35%；单四季度实现营收 23.16 亿元， 同比增长 14.61%，归母净利润 2.66 亿元，同比增长 1.97%，业绩实现增长 主要系公司通过供应链管理、技术创新以及数字化建设等方式深化卓越绩效 管理，整体盈利能力持续提升。2024 年公司毛利率/净利率分别为 15.42%/10.95%，同比变动+1.03/+1.18 个 pct。 电梯主业市场开拓成效显著，持续完善全国化布局。2024 年电梯业务/电梯 零部件业务收入分别为 31.00/34.20 亿元，同下降 2.36%/0.63%，对应毛利 率分别为 25.08%/6.47%，同比变动+2.19/-0.34 个 pct。电梯整机方面，战 略客户开拓成效日益显著，新增中国建筑第 ...

Core Viewpoint - In 2024, despite weak demand in the downstream industry and pressure on the elevator sector, the company achieved relative revenue stability through increased rail transit orders and growth in overseas business, with fluctuations significantly lower than the industry average [1] Financial Performance - In 2024, the company reported operating revenue of 7.26 billion yuan, a year-on-year decrease of 1.68%, and a net profit attributable to shareholders of 812 million yuan, an increase of 6.56% [2] - The fourth quarter alone saw operating revenue of 2.316 billion yuan, a year-on-year increase of 14.61%, while net profit attributable to shareholders was 266 million yuan, up 1.97% [2] Industry Context - The cumulative area of completed housing in China fell by 27.70% year-on-year to 73.7 million square meters in 2024, with the production of elevators, escalators, and lifts decreasing by 8% to 1.492 million units [3] - The company's elevator business revenue declined by 2.36% to 3.1 billion yuan, while the elevator components business saw a smaller decline of 0.63% to 3.42 billion yuan [3] - The company produced 29,067 elevators, a year-on-year increase of 5.44%, and sold 28,714 units, up 0.95% [3] Profitability - The overall gross margin was 15.42%, an increase of 1.03 percentage points year-on-year, with the elevator assembly business gross margin at 25.08%, up 2.19 percentage points [4] - The net profit margin improved to 10.95%, an increase of 1.18 percentage points, attributed to cost control through supply chain management and operational optimizations [4] Dividend Policy - The company announced a cash dividend of 0.60 yuan per share, totaling 515 million yuan, which represents 63% of the net profit attributable to shareholders for 2024 [6] - The total amount of interim and annual dividends for 2024 reached 1.166 billion yuan, exceeding the net profit attributable to shareholders by 143.64% [6] Future Outlook - The company is expected to achieve operating revenues of 7.553 billion yuan, 7.761 billion yuan, and 7.957 billion yuan from 2025 to 2027, with respective year-on-year growth rates of 4.03%, 2.75%, and 2.52% [7] - Projected net profits attributable to shareholders for the same period are 848 million yuan, 872 million yuan, and 885 million yuan, with growth rates of 4.50%, 2.77%, and 1.58% respectively [7]

广日股份 20250409 摘要 Q&A 请简要介绍广日股份 2024 年的业绩表现。 2024 年，广日股份实现营业收入 72.6 亿元，同比微降 1.68%。但由于营业成本 下降超过 3%，整体毛利率有所提升。归属于上市公司股东的净利润为 8.12 亿 元，同比增长 6.56%；扣非净利润为 7.41 亿元，同比增长 2.35%。净资产收益 率为 8.84%，每股收益 0.9,373 元。尽管房地产市场持续下行、电梯行业竞争 加剧，公司依然通过管理团队的密切配合，高质量完成了利润优化目标，创下 • 广日股份 2024 年营收略降，但扣非净利润增长 2.35%至 7.41 亿元，创历 史新高，净资产收益率 8.84%，每股收益 0.9,373 元。公司通过管理优化， 成功应对房地产市场下行和行业竞争加剧的挑战。 • 广日电梯在 2024 年积极拓展战略客户，轨道交通领域中标济南六号线和天 津八号线等项目，订单金额约 4.5 亿元，行业领先。电梯后市场更新改造 方案签约额同比增长 63%，海外业务增幅超 95%。 • 面对市场压力，广日股份通过降本增效提升毛利率超一个百分点，并实施 高比例分红回报投资者，中期 ...

2025 年 04 月 09 日 公司研究 评级：买入(维持) 研究所： 证券分析师： 张钰莹 S0350524100004 zhangyy03@ghzq.com.cn [Table_Title] 高分红持续兑现，主业经营稳中向好 ——广日股份（600894）2024 年报点评 2024Q4：公司实现营收 23.16 亿元，同比+14.61%；归母净利润 2.66 亿元，同比+1.97%。 投资要点: 最近一年走势 | 相对沪深 300 | 表现 | | 2025/04/08 | | --- | --- | --- | --- | | 表现 | 1M | 3M | 12M | | 广日股份 | -11.2% | -15.4% | 26.1% | | 沪深 300 | -7.4% | -3.7% | 3.2% | | 市场数据 | | | 2025/04/08 | | 当前价格（元） | | | 11.15 | | 52 周价格区间（元） | | | 9.51-14.87 | | 总市值（百万） | | | 9,743.52 | | 流通市值（百万） | | | 9,588.41 | | 总股本（万股） | | ...

1）日立电梯：2024 年日立电梯（中国）实现营收275.6 亿元，同比+0.1%，净利润33.2 亿元，同 比-4.5%；公司来自日立电梯（中国）的投资收益为7.26 亿元，同比-6.6%。2024 年日立电梯签梯台量 超12 万台，发货台量超10 万台，签单和发货量同比有所下滑，但截至2024 年末全国在保电梯量达83 万 台，较2023 年末的73 万台有明显提升，或表明日立电梯的新发货自维保比率已达到较高水平。 2）电梯零部件和物流业务：2024 年收入39.6 亿元，同比-0.5%；毛利率为7.24%，同比-0.3pct，日立电 梯仍是公司该业务的主要客户，整体发展保持稳健。同时，2024 年公司开拓日立电梯轿顶电气箱、电 气件箱等新业务的批量供货，实现永大电梯电缆箱、电气箱、电气打包等业务量产，新开发现代电梯、 通祐电梯、北元电气等新客户，在拓产品、拓客户方面均取得良好进展。 3）整梯业务：广日电梯与怡达快速电梯双品牌战略进展顺利。在国内电梯行业整体销量下滑的背景 下，2024 年公司电梯销量达2.87万台，同比+1%；收入31 亿元，同比-2%；毛利率25.08%，同比 +2.19pct。签单方 ...

登录新浪财经APP 搜索【信披】查看更多考评等级 单位：人民币万元 ■ 注：尾差系金额单位由元转万元过程中四舍五入所致。 （一）应收款项坏账准备及合同资产减值准备 公司以预期信用损失为基础，对于单项风险特征明显的应收款项及合同资产，根据历史款项损失情况及 债务人经济状况，单独计算预期信用损失；对于类似信用风险特征的应收款项及合同资产，参考历史信 用损失经验，结合当期状况以及对未来经济状况的预测，以组合为基础计算预期信用损失。 （二）存货跌价准备 公司按照成本与可变现净值孰低计量，对账面成本高于可变现净值的存货按差额计提存货跌价准备。 （三）固定资产、无形资产及其他非流动资产减值准备 公司对存在减值迹象的固定资产、无形资产及其他非流动资产进行减值测试，按照可收回金额与账面价 值孰低计量，对账面价值高于可收回金额的各项资产，按差额计提减值准备。 三、本次计提资产减值准备对上市公司的影响 公司2024年度计提各项资产减值准备共计17,559.97万元，转回减值准备4,501.90万元，减少公司2024年 度利润总额13,058.07万元。 四、审计委员会关于公司计提资产减值准备的意见 审计委员会认为，本次计提减值准 ...

公司代码：600894 公司简称：广日股份 第一节 重要提示 1、本年度报告摘要来自年度报告全文，为全面了解本公司的经营成果、财务状况及未来发展规划，投 资者应当到http://www.sse.com.cn网站仔细阅读年度报告全文。 2、本公司董事会、监事会及董事、监事、高级管理人员保证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。 3、公司全体董事出席董事会会议。 4、容诚会计师事务所（特殊普通合伙）为本公司出具了标准无保留意见的审计报告。 5、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 公司拟以实施权益分派股权登记日登记的总股本扣减回购专用证券账户的股数为基数分配利润，拟向全 体股东每10股派送现金红利6.00元（含税）。如在利润分配公告披露之日起至实施权益分派的股权登记 日期间，公司总股本扣减回购专用证券账户的股数发生变动，公司拟维持每股分配比例不变，相应调整 分配总额。本方案尚需提交股东大会审议。 报告期内，公司于2024年10月实施了2024年中期分红，以实施权益分派股权登记日登记的总股本扣减回 购专用证券账户股数为基数，向全 ...