柏诚系统科技股份有限公司（以下简称"公司"）第七届监事会第十次会议 于 2025 年 4 月 28 日以现场的方式在公司会议室召开。会议通知已于 2025 年 4 月 25 日通过邮件的方式送达全体监事。本次会议由监事会主席李彬珏女士主持， 会议应出席监事 3 人，实际出席监事 3 人。本次会议的召集、召开符合《公司法》 《公司章程》的有关规定，决议内容合法有效。 证券代码：601133 证券简称：柏诚股份 公告编号：2025-029 柏诚系统科技股份有限公司 第七届监事会第十次会议决议公告 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。 一、监事会会议召开情况 （4）监事会保证公司 2025 年第一季度报告披露的信息真实、准确、完整， 其中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。 具体内容详见公司披露于上海证券交易所网站（www.sse.com.cn）的《柏诚 系统科技股份有限公司 2025 年第一季度报告》。 表决结果：同意 3 票、反对 0 票、弃权 0 票。 ...

证券代码：601133 证券简称：柏诚股份 公告编号：2025-028 董事会认为： 1、公司 2025 年第一季度报告的编制和审核程序符合法律、法规及《公司章 程》等相关规定，公司 2025 年第一季度报告包含的信息公允、全面、真实地反 映了公司本报告期的财务状况和经营成果等事项。 2、董事会保证公司 2025 年第一季度报告内容真实、准确、完整，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 承担个别和连带的法律责任。 柏诚系统科技股份有限公司 第七届董事会第十二次会议决议公告 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。 一、董事会会议召开情况 柏诚系统科技股份有限公司（以下简称"公司"）第七届董事会第十二次会 议于 2025 年 4 月 28 日以现场结合通讯的方式在公司会议室召开。会议通知已于 2025 年 4 月 25 日通过邮件的方式送达全体董事。本次会议由董事长过建廷主持， 会议应出席董事 8 人，实际出席董事 8 人。公司监事、高级管理人员列席本次会 议。本次会议的召集、召 ...

Financial Performance - The company reported a revenue of CNY 1,037,005,668.00 for Q1 2025, a decrease of 9.41% compared to CNY 1,144,747,485.88 in the same period last year[4] - Net profit attributable to shareholders was CNY 44,197,410.03, down 20.61% from CNY 55,672,172.95 year-on-year[6] - The company's basic and diluted earnings per share were both CNY 0.08, a decline of 27.27% from CNY 0.11 in the previous year[4] - Total operating revenue for Q1 2025 was CNY 1,037,005,668, a decrease of 9.4% compared to CNY 1,144,747,485 in Q1 2024[20] - Net profit for Q1 2025 was CNY 44,129,001, representing a decline of 20.8% from CNY 55,672,172 in Q1 2024[20] - Basic and diluted earnings per share for Q1 2025 were both CNY 0.08, down from CNY 0.11 in Q1 2024[21] Assets and Liabilities - The total assets at the end of the reporting period were CNY 5,210,091,923.07, representing a decrease of 7.95% from CNY 5,659,873,743.21 at the end of the previous year[5] - The company's total liabilities were RMB 2,281,167,027.15, down from RMB 2,779,523,507.40 in the previous period[16] - The total equity attributable to shareholders was RMB 2,928,380,753.07, compared to RMB 2,879,737,936.82 at the end of 2024, reflecting an increase of approximately 1.5%[16] - Cash and cash equivalents decreased to RMB 1,523,639,944.86 from RMB 2,204,876,235.03, indicating a decline of about 30.7%[14] - The total current assets were RMB 4,687,822,477.64, down from RMB 5,133,907,631.66, indicating a decrease of approximately 8.7%[14] Cash Flow - The net cash flow from operating activities was negative at CNY -677,945,041.55, compared to CNY -537,077,196.52 in the same period last year[4] - Cash flow from operating activities showed a net outflow of CNY -677,945,041.55 in Q1 2025, compared to CNY -537,077,196.52 in Q1 2024[26] - The net increase in cash and cash equivalents was -$701,551,225.97, showing a significant reduction in cash reserves[27] - The ending balance of cash and cash equivalents was $1,445,685,005.80, down from $2,147,236,231.77 at the beginning of the period[27] Inventory and Receivables - Accounts receivable stood at RMB 694,294,117.83, slightly down from RMB 702,038,993.77, showing a decrease of approximately 1.1%[14] - The company's inventory decreased to RMB 134,446,066.06 from RMB 184,523,732.91, representing a decline of about 27.2%[14] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 36,179[10] - The largest shareholder, Baiying Baicheng Investment Holding (Wuxi) Co., Ltd., holds 49.31% of the shares, totaling 260,000,000 shares[10] Operational Efficiency - The company achieved a comprehensive gross profit margin of 10.27% in Q1 2025, showing improvement compared to the previous year[5] - The company is actively promoting quality improvement and efficiency enhancement actions, focusing on project management and cost control[5] Accounting Changes - The company adjusted its accounting policy to include warranty costs in operating costs, impacting the financial statements retrospectively[22] - Sales expenses for Q1 2024 were adjusted to CNY 6,758,018.39, a decrease of CNY 1,106,049.30 due to the accounting policy change[23] - Operating costs for Q1 2024 were adjusted to CNY 1,035,755,640.51, reflecting an increase of CNY 1,106,049.30 from the previous reporting[24] Future Outlook - The company plans to implement new accounting standards starting in 2025, which may affect future financial reporting[27] - The company has not disclosed any new product developments or market expansion strategies during this reporting period[12]

柏诚股份（601133）公告，2025年第一季度实现营业收入10.37亿元，同比下降9.41%；净利润4419.74 万元，同比下降20.61%。 ...

收入实现较快增长，在手订单充足下游景气高增 收入实现快速增长，高分红提升投资回报 公司报告 | 年报点评报告 柏诚股份（601133） 证券研究报告 2024 年公司实现营业收入 52.44 亿，同比+31.78%，归母、扣非净利润分 别为 2.12、2.04 亿，同比-0.8%、-2.5%，2024 年公司利润与营收增速相差 较大主要系费用率增加、毛利率下滑。Q4 单季实现营业收入 14.06 亿，同 比-2.78%，归母、扣非净利润为 0.54、0.51 亿，同比-16.54%、-18.13%， Q4 业绩下滑较多主要系公司管理费用增加。公司 2024 年拟派发现金分红 1.16 亿，分红比例 54.65%，并制定 2025 年中期分红方案。考虑到行业竞 争加剧，我们预计公司 2025-2027 年归母净利润为 2.54、3、3.46 亿（前 值 25、26 年预测为 2.9、3.6 亿），对应 PE 为 22.4、19、16.5 倍，维持"买 入"评级。 半导体行业景气较高收入增长较快，二次配收入翻倍 分行业来看，2024 年半导体及泛半导体、新型显示、生命科学、食品药品 大健康领域分别实现营业收入 3 ...

Investment Rating - The report maintains a "Buy" rating for the company [6][18]. Core Views - The company achieved a revenue of 5.244 billion, a year-on-year increase of 31.78%, while the net profit attributable to the parent company was 212 million, a slight decrease of 0.8% [1][5]. - The company plans to distribute a cash dividend of 116 million, with a payout ratio of 54.65% [1]. - The semiconductor industry is experiencing high demand, with significant revenue growth in various sectors, including a 29% increase in semiconductor and related fields [2][3]. - The company signed new orders worth 5.418 billion, a year-on-year increase of 9.45%, with a strong focus on the semiconductor sector [3]. - The overall cash flow remains strong, with a net operating cash inflow of 215 million, reflecting a stable financial position [4]. Financial Summary - Revenue is projected to grow from 3.98 billion in 2023 to 8.82 billion by 2027, with a compound annual growth rate (CAGR) of 17.33% [5][12]. - The net profit attributable to the parent company is expected to increase from 213 million in 2023 to 346 million by 2027, with a CAGR of 15.57% [5][12]. - The company's EBITDA is forecasted to rise from 384 million in 2023 to 568 million by 2027 [5][12]. - The price-to-earnings (P/E) ratio is projected to decrease from 26.61 in 2023 to 16.46 by 2027, indicating potential valuation improvement [5][12].

Core Viewpoint - The financial report of 柏诚系统科技股份有限公司 for 2024 shows significant revenue growth but also highlights a sharp increase in management expenses, indicating challenges in cost control and operational efficiency [1] Revenue - In 2024, the company achieved a revenue of 5,244,345,617.93 yuan, a 31.78% increase from 3,979,609,508.87 yuan in 2023, driven by business expansion in the semiconductor and new display industries [2] - The semiconductor and related industries saw a revenue increase of 29.05%, while the new display industry revenue surged by 112.38% [2] - Successful project acquisitions, such as the Shanghai integrated circuit production line and the Chengdu BOE AMOLED production line, contributed to this revenue growth [2] Net Profit - The net profit attributable to shareholders was 212,259,296.51 yuan, a slight decrease of 0.80% from 213,973,470.76 yuan in 2023, indicating stable overall business health despite not matching revenue growth [3] - The overall gross profit increased by 16.27%, but the decline in net profit is attributed to increased investments in talent acquisition and future development initiatives [3] Non-recurring Net Profit - The non-recurring net profit was 204,385,449.63 yuan, down 2.49% from 209,613,278.96 yuan in 2023, reflecting challenges in core business profitability amid rising competition and high raw material costs [4] Earnings Per Share - Basic earnings per share decreased to 0.41 yuan from 0.45 yuan, a decline of 8.89%, consistent with the slight drop in net profit [5] - The non-recurring earnings per share also fell to 0.39 yuan from 0.44 yuan, a decrease of 11.36%, highlighting pressure on the main business profitability [6] Expenses - Management expenses surged to 147,103,057.96 yuan, a 52.70% increase, primarily due to the expansion of business scale and increased personnel costs [7] - Sales expenses rose by 32.62% to 29,326,028.35 yuan, while R&D expenses decreased by 25.42% to 12,566,721.40 yuan [7] R&D Personnel - The company has a small R&D team of 24 people, accounting for only 2.04% of total staff, which may limit innovation and technological advancement [9] Cash Flow - The net cash flow from operating activities was 215,318,494.08 yuan, a slight increase of 0.81%, indicating stable operational cash flow [10] - Investment activities resulted in a net cash outflow of 50,483,333.81 yuan, while financing activities showed a net outflow of 102,971,625.08 yuan due to cash dividends [10]

证券代码：601133 证券简称：柏诚股份 公告编号：2025-017 柏诚系统科技股份有限公司 关于 2024 年度"提质增效重回报"行动方案的评估 报告暨 2025 年度"提质增效重回报"行动方案的公 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。 为落实以投资者为本的发展理念，推动柏诚系统科技股份有限公司（以下简 称"公司"）高质量发展和投资价值提升，增强投资者回报，提升投资者获得感， 保护投资者尤其是中小投资者的合法权益，公司于 2024 年 6 月 19 日披露了《关 于 2024 年度"提质增效重回报"行动方案的公告》，自前述行动方案发布以来， 公司积极开展和落实相关工作。公司于 2025 年 4 月 21 日召开第七届董事会第十 一次会议审议通过了《关于<2024 年度"提质增效重回报"行动方案的评估报告 暨 2025 年度"提质增效重回报"行动方案>的议案》，现将 2024 年度行动方案的 实际执行情况以及 2025 年度进一步行动方案公告如下： 一、聚焦做强主业，推动稳健发展 公司作为高科技产业洁净系统集 ...

委托理财期限：决议有效期自公司董事会审议通过之日起 12 个月，单个 理财产品的期限不超过 12 个月。 委托理财产品名称：安全性高、流动性好的金融机构中低风险理财产品。 履行的审议程序：柏诚系统科技股份有限公司（以下简称"公司"）于 2025 年 4 月 21 日召开第七届董事会第十一次会议和第七届监事会第九次会议， 审议通过了《关于使用自有资金进行现金管理的议案》。 证券代码：601133 证券简称：柏诚股份 公告编号：2025-020 柏诚系统科技股份有限公司 关于使用自有资金进行现金管理的公告 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： （三）投资品种 公司拟使用闲置自有资金购买安全性高、流动性好的金融机构中低风险理财 产品，包括但不限于结构性存款、协定存款、通知存款、定期存款、大额存单、 收益凭证、信托等理财产品。投资产品不得用于质押，不得用于以证券投资为目 的的投资行为。 （四）授权期限 决议有效期自公司董事会审议通过之日起 12 个月。 （五）实施方式 一、本次使用闲置自有资金进行现金管理的基 ...

证券代码：601133 证券简称：柏诚股份 公告编号：2025-025 柏诚系统科技股份有限公司 关于 2024 年度计提资产减值准备的公告 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。 柏诚系统科技股份有限公司（以下简称"公司"）于 2025 年 4 月 21 日召开 第七届董事会第十一次会议和第七届监事会第九次会议，审议通过了《关于 2024 年度计提资产减值准备的议案》，现将相关情况公告如下： 一、计提资产减值准备情况 2024 年度，公司根据《企业会计准则》及公司会计政策的相关规定，本着 谨慎性原则，对应收款项、合同资产（包含重分类列示于其他非流动资产的到期 期限在一年以上的质保金，下同）及商誉计提信用减值损失及资产减值损失，具 体情况如下： 单位：万元 | 项目 | 2024 年度 | | --- | --- | | 一、信用减值损失（损失以"-"号填列） | -4,695.85 | | 其中：应收账款坏账损失 | -4,742.34 | | 其他应收款坏账损失 | 46.49 | | 二、资产减值损失（损失以"- ...