Core Viewpoint - The article highlights the recent movements of social security funds in the A-share market, indicating a significant increase in holdings across various companies, with a focus on the newly added positions in the top ten circulating shareholders. Group 1: Social Security Fund Holdings - In the first quarter, social security funds entered the top ten circulating shareholders of 215 companies, with Zhongtong Bus having the highest number of new holdings at 3 [1] - Other companies with 2 new holdings each include Lens Technology, Inner Mongolia First Machinery, Anke Electric, Xueda Education, Focus Technology, Haixing Electric, Zhenhua Co., Juewei Food, Zhujiang Beer, Beidahuang, Anda Intelligent, *ST Songfa, Hehe Information, Aoshikang, and Limin Co. [1] Group 2: Company-Specific Insights - Zhongtong Bus saw a new holding value of 137 million yuan, with a net profit of 76.51 million yuan in Q1, representing a year-on-year increase of 80.52%. The company is expected to continue its upward profit trend due to strong overseas orders [2][3] - Lens Technology's new holding value reached 1.088 billion yuan, with Q1 revenue of 17.063 billion yuan, up 10.10% year-on-year, and a net profit of 429 million yuan, up 38.71% year-on-year, driven by growth in smartphone and computer-related businesses [3][4] - Inner Mongolia First Machinery's new holding value was 295 million yuan, with a Q1 net profit of 186 million yuan, reflecting an 11.03% year-on-year increase. The company is positioned to benefit from the global military trade market's upward cycle [4][5] - Anke Electric's new holding value was 251 million yuan, but it reported a net profit of 43.72 million yuan, down 28.92% year-on-year. The company is actively pursuing international collaborations following discussions at the Dubai Power Exhibition [5]

Investment Rating - The report maintains an "Accumulate-A" rating for the company [1][6] Core Views - The company is experiencing a rapid recovery in performance, driven by both domestic and foreign trade [1][5] - The revenue for Q1 2025 shows a year-on-year growth of 19.60%, indicating a strong recovery trend [4][5] Financial Performance Summary - For the year 2024, the company's revenue was 9.792 billion yuan, a decrease of 2.18% year-on-year, while the net profit attributable to shareholders was 500 million yuan, down 41.33% year-on-year [4] - In Q1 2025, the company reported a revenue of 2.731 billion yuan, up 19.60% year-on-year, and a net profit of 186 million yuan, an increase of 11.03% year-on-year [4][5] - The total liabilities decreased by 31.38% to 8.419 billion yuan in 2024, while cash and cash equivalents dropped by 49.25% to 2.551 billion yuan [4] Market Data - As of April 28, 2025, the closing price was 11.19 yuan, with a market capitalization of 19.043 billion yuan [3] - The stock has seen a yearly high of 13.40 yuan and a low of 6.39 yuan [3] Earnings Forecast - The expected EPS for 2025, 2026, and 2027 are 0.42 yuan, 0.49 yuan, and 0.56 yuan respectively, with corresponding P/E ratios of 26.9, 22.9, and 19.9 [6][9]

Investment Rating - The investment rating for the company is "Buy" with a target price not specified [5] Core Views - The company achieved significant revenue growth in Q1 2025, with a revenue of 2.731 billion yuan, representing a year-on-year increase of 19.6% and a quarter-on-quarter increase of 1.75% [2] - The company plans to achieve a main business revenue of 11 billion yuan in 2025, which is a 12.34% increase compared to 2024 [2] - The substantial increase in related party transactions, expected to reach 8.45 billion yuan in 2025, indicates a strong recovery in overall revenue [2] - The company is advancing in cutting-edge technologies such as unmanned systems and artificial intelligence, which is expected to enhance its growth trajectory [3] - The forecast for net profit attributable to the parent company for 2025 has been adjusted to 910.89 million yuan, reflecting a significant recovery from the previous year's decline [3] Financial Summary - In 2024, the company reported a revenue of 9.792 billion yuan, a decrease of 2.18% year-on-year, and a net profit of 499.51 million yuan, down 41.33% year-on-year [4] - The company’s EBITDA for 2024 is projected at 1.291 billion yuan, with a net profit margin of 5.10% [4] - The projected financials for 2025 include a revenue of 11.505 billion yuan, a net profit of 910.89 million yuan, and an EPS of 0.54 yuan [4] - The company’s P/E ratios for 2025, 2026, and 2027 are expected to be 20.61, 17.85, and 15.13 respectively [3][4]

Investment Rating - The investment rating for the company is "Buy" with a target price not specified [5] Core Views - The company achieved significant revenue growth in Q1 2025, with a revenue of 2.731 billion yuan, representing a year-on-year increase of 19.6% and a quarter-on-quarter increase of 1.75% [2] - The company plans to achieve a main business revenue of 11 billion yuan in 2025, which is a 12.34% increase compared to 2024 [2] - The substantial increase in related party transactions, expected to reach 8.45 billion yuan in 2025, indicates a strong recovery in overall revenue [2] - The company is advancing in cutting-edge technologies such as unmanned systems and artificial intelligence, which is expected to enhance its growth trajectory [3] - The forecast for net profit attributable to the parent company for 2025-2027 has been slightly adjusted downwards, with expected figures of 911 million yuan, 1.051 billion yuan, and 1.241 billion yuan respectively [3] Financial Summary - In 2024, the company reported a revenue of 9.792 billion yuan, a decrease of 2.18% year-on-year, and a net profit of 499.51 million yuan, down 41.33% year-on-year [4] - The company’s EBITDA for 2024 is projected at 1.291 billion yuan, with a net profit margin of 5.10% [4] - The company’s financial ratios indicate a P/E ratio of 37.58 for 2024, expected to decrease to 20.61 in 2025 [4] - The total assets of the company are projected to reach 31.598 billion yuan by 2025, with a debt-to-equity ratio of 42.03% [10]

Core Insights - Inner Mongolia First Machinery Group (600967.SH) reported a strong performance in Q1 2025, leading its peers in revenue, net profit, and cash flow metrics [1][3] Financial Performance - The company's total revenue reached 2.731 billion yuan, marking an increase of 448 million yuan or 19.60% year-on-year [1] - Net profit attributable to shareholders was 186 million yuan, up by 18.5 million yuan or 11.03% compared to the same period last year [1] - Operating cash flow showed a significant increase, with a net inflow of 728 million yuan, up by 1.731 billion yuan year-on-year [1] Key Ratios - The latest debt-to-asset ratio stands at 42.88%, a decrease of 6.25 percentage points from the previous year [3] - Gross margin is reported at 11.22% [3] - Return on equity (ROE) is at 1.58%, an increase of 0.14 percentage points year-on-year [3] - Diluted earnings per share (EPS) is 0.11 yuan, reflecting a year-on-year increase of 12.24% [3] - Total asset turnover ratio improved to 0.13 times, up by 37.08% year-on-year [3] - Inventory turnover ratio increased to 0.94 times, a rise of 52.14% compared to the previous year [3] Shareholder Structure - The number of shareholders is 64,400, with the top ten shareholders holding 1.052 billion shares, accounting for 61.82% of the total share capital [3] - The largest shareholder is Inner Mongolia First Machinery Group Co., Ltd., holding 42.45% [3]

证券代码：600967 证券简称：内蒙一机 公告编号：临 2025-015 号 内蒙古第一机械集团股份有限公司 关于召开2024年年度股东会的通知 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： 股东会召开日期：2025年5月16日 本次股东会采用的网络投票系统：上海证券交易所股东大会网络投票系统 一、召开会议的基本情况 （一）股东会类型和届次 2024年年度股东会 （二）股东会召集人：董事会 （三）投票方式：本次股东会所采用的表决方式是现场投票和网络投票相结合的方 式 （四）现场会议召开的日期、时间和地点 网络投票起止时间：自2025 年 5 月 16 日 至2025 年 5 月 16 日 采用上海证券交易所网络投票系统，通过交易系统投票平台的投票时间为股东会召 开当日的交易时间段，即 9:15-9:25,9:30-11:30，13:00-15:00；通过互联网投票平台 的投票时间为股东会召开当日的 9:15-15:00。 （六）融资融券、转融通、约定购回业务账户和沪股通投资者的投票程序 1 涉及融资融券、转 ...

证券代码：600967 证券简称：内蒙一机 公告编号：临 2025－005 号 内蒙古第一机械集团股份有限公司 七届十五次监事会决议公告 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。 重要内容提示： 一、监事会会议召开情况 （一）本次监事会会议的召开符合有关法律、行政法规、部门规章、规范性 文件和《公司章程》的规定。 （二）召开本次会议的会议通知及会议资料于 2025 年 4 月 14 日以电子邮件、 书面送达方式发出。 （三）本次会议于 2025 年 4 月 24 日在公司二楼会议室以现场形式召开并形 成决议。 （四）会议应参加表决监事 4 名，实际参加表决监事 4 名。其中监事赵晶因 公未能出席本次会议，委托监事宁显波出席会议并行使表决权。会议由与会监事 共同推举沈昌美监事主持。 二、监事会会议审议情况 经出席监事审议，以现场投票表决方式通过以下议案： 1.审议通过《关于 2024 年度监事会工作报告议案》。 ● 本次会议应参加表决监事 4 名，实际参加表决监事 4 名。其中监事赵晶 因公未能出席本次会议，委托监事宁显波 ...

证券代码：600967 证券简称：内蒙一机 公告编号：临 2025-004 号 内蒙古第一机械集团股份有限公司 七届二十一次董事会决议公告 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： ● 本次会议应参加表决董事6名（其中独立董事3名），实际参加表决董事6 名。 ● 本次董事会没有议案有反对或弃权票。 ● 本次董事会议案全部获得通过。 一、董事会会议召开情况 （一）本次董事会会议的召开符合有关法律、行政法规、部门规章、规范性 文件和《公司章程》的规定。 （二）内蒙古第一机械集团股份有限公司七届二十一次董事会会议通知于 2024 年 4 月 14 日以书面和邮件形式告知全体董事。 （三）本次会议于 2025 年 4 月 24 日在公司二楼会议室以现场方式召开并形 成决议。 （四）会议应参加表决董事 6 名（其中独立董事 3 名），实际参加表决董事 6 名。会议由董事长王永乐主持。公司部分监事和高级管理人员列席了会议。 二、董事会会议审议情况 经出席董事审议，以投票表决方式通过以下议案： 1.审议通过《关于 20 ...

证券代码：600967 证券简称：内蒙一机 公告编号：临 2025-006 号 内蒙古第一机械集团股份有限公司 2024 年年度利润分配方案公告 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： ● 每股分配比例：A 股每股派发现金红利 0.07 元（含税） ● 本次利润分配以实施权益分派股权登记日登记的总股本为基数，具体日 期将在权益分派实施公告中明确。 ● 在实施权益分派的股权登记日前公司总股本发生变动的，拟维持每股分 配比例不变，相应调整分配总额，并将在相关公告中披露。 一、利润分配方案内容 （一）利润分配方案的具体内容 经信永中和会计师事务所（特殊普通合伙）审计，截至 2024 年 12 月 31 日， 公司母公司报表中期末未分配利润为人民币 3,265,184,551.61 元（含公司重大 资产重组前股东享有权益），2024 年度合并报表中归属于上市公司普通股股东 的净利润为 499,507,754.09 元。经公司七届二十一次董事会决议，公司 2024 年年度拟以实施权益分派股权登记日登记的总股本为基 ...

中信证券股份有限公司 关于内蒙古第一机械集团股份有限公司 使用暂时闲置募集资金进行现金管理 之核查意见 中信证券股份有限公司（以下简称"中信证券"或"独立财务顾问"）作为 内蒙古第一机械集团股份有限公司（以下简称"公司"、"上市公司""内蒙一 机"）发行股份及支付现金购买资产并募集配套资金的独立财务顾问，根据《上 海证券交易所股票上市规则》《上市公司监管指引第 2 号——上市公司募集资金 管理和使用的监管要求》《上海证券交易所上市公司自律监管指引第 1 号——规 范运作》等有关法律法规和规范性文件的要求，对上市公司使用暂时闲置募集资 金进行现金管理的情况进行核查，情况如下： 一、证券发行上市及募集资金情况 2016 年 9 月 6 日，中国证券监督管理委员会出具了《关于核准包头北方创 业股份有限公司向内蒙古第一机械集团有限公司等发行股份购买资产并募集配 套资金的批复》（证监许可〔2016〕2041 号），同意公司向特定投资者非公开 发行不超过人民币普通股（A 股）188,770,571 股。2016 年 12 月 26 日以非公开 发行股票的方式向 8 名特定投资者发行了人民币普通股（A 股）147,503, ...