关于召开 2024 年第三季度业绩说明会的公告 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。 证券代码：601882 证券简称：海天精工 公告编号：2024-033 宁波海天精工股份有限公司 （一）会议召开时间：2024 年 11 月 26 日上午 09:00-10:00 会议召开时间：2024 年 11 月 26 日(星期二)上午 09:00-10:00 会议召开地点： 上海证券 交 易 所 上 证 路 演中心（ 网址： http://roadshow.sseinfo.com/） 会议召开方式：上证路演中心网络互动 投资者可于 2024 年 11 月 19 日(星期二)至 11 月 25 日(星期一)16:00 前 登录上证路演中心网站首页点击"提问预征集"栏目或通过公司邮箱 jgzq@mail.haitian.com 进行提问。公司将在说明会上对投资者普遍关 注的问题进行回答。 重要内容提示： 宁波海天精工股份有限公司（以下简称"公司"）已于 2024 年 10 月 31 日发 布公司 2024 年第三季度报告，为 ...

北京市朝阳区建国路 77 号华贸中心 3 号写字楼 34 层 邮编：100025 34/F, Tower 3, China Central Place, 77 Jianguo Road, Beijing 100025, China T: (86-10) 5809 1000 F: (86-10) 5809 1100 关于宁波海天精工股份有限公司 2024 年第一次临时股东大会之法律意见书 宁波海天精工股份有限公司： 本所受贵公司的委托，指派律师出席了贵公司 2024 年第一次临时股东大会 （以下称本次股东大会）。现根据《中华人民共和国公司法》（以下称《公司法》）、 《中华人民共和国证券法》（以下称《证券法》）、《上市公司股东大会规则》 （以下称《股东大会规则》）、《上海证券交易所上市公司股东大会网络投票实 施细则》（以下称《网络投票细则》）等有关法律、行政法规、规范性文件及贵 公司章程之规定，出具本法律意见书。 为出具本法律意见书，本所律师列席了本次股东大会并审查了贵公司提供的 本次股东大会有关文件的原件或影印件，包括（但不限于）本次股东大会各项议 程及相关决议等文件，同时听取了贵公司就有关事实的陈述和说明。贵 ...

Investment Rating - The report maintains a "Buy" rating for the company [7][9]. Core Views - The company reported a revenue of 2.493 billion yuan for the first three quarters of 2024, a year-on-year decrease of 0.57%, and a net profit attributable to shareholders of 404 million yuan, down 12.89% year-on-year [4][5]. - In Q3 2024, the company achieved a revenue of 814 million yuan, a slight increase of 0.26% year-on-year, while the net profit decreased by 22.47% year-on-year to 110 million yuan [4][5]. - The overall demand in the manufacturing sector remains weak, impacting the company's profitability, with a decline in gross margin and increased costs due to lower capacity utilization [5][6]. - The company is expected to benefit from structural opportunities such as policy support, self-sufficiency, and international expansion in the medium to long term [6][7]. Financial Performance Summary - For the first three quarters of 2024, the company reported a revenue of 2.493 billion yuan, with a net profit of 404 million yuan and a non-recurring net profit of 362 million yuan, reflecting year-on-year declines of 12.89% and 9.55% respectively [4][5]. - The gross margin decreased by 3.72 percentage points year-on-year, primarily due to weak demand and increased competition leading to lower product prices [5][6]. - The company is focusing on expanding its production capacity and enhancing its product advantages through increased R&D investment [6][7]. - The forecasted net profits for 2024, 2025, and 2026 are 556 million yuan, 663 million yuan, and 799 million yuan respectively, with corresponding price-to-earnings ratios of 20x, 17x, and 14x [7][12].

Investment Rating - The report maintains a "Buy" rating for the company [6][9][16] Core Views - The company's short-term performance is under pressure, with a slight decline in profitability in Q3 2024. For the first three quarters, the company achieved revenue of 2.493 billion yuan, down 0.57% year-on-year, and a net profit attributable to shareholders of 404 million yuan, down 12.89% year-on-year [5] - The company is a leader in the domestic CNC machine tool industry, with a diverse product layout across multiple sectors, including aerospace, high-speed rail, and automotive components [5] - The company is accelerating its overseas market expansion, with significant growth in overseas sales revenue in 2023, and has established subsidiaries in Singapore and Thailand [5] Summary by Sections Financial Performance - In Q3 2024, the company reported revenue of 814 million yuan, a year-on-year increase of 0.26%, and a net profit of 110 million yuan, down 22.47% year-on-year. The gross margin for Q3 was 27.33%, compared to 31.05% in the same period last year [5] - For the first three quarters, the company’s revenue was 2.493 billion yuan, with a net profit of 404 million yuan and a non-recurring net profit of 362 million yuan [5] Revenue and Profit Forecast - The company is expected to achieve total revenues of 3.822 billion yuan, 4.395 billion yuan, and 5.055 billion yuan for 2024, 2025, and 2026, respectively, with a year-on-year growth rate of 15% for each year. The net profit attributable to shareholders is projected to be 678 million yuan, 782 million yuan, and 898 million yuan for the same years, with growth rates of 11.3%, 15.3%, and 14.7% respectively [6][8]

宁波海天精工股份有限公司 2024 年第一次临时股东大会 会议资料 2024 年 11 月 15 日 2024 年第一次临时股东大会会议资料 目 录 | 一、2024 | 年第一次临时股东大会会议议程 2 | | --- | --- | | 二、2024 | 年第一次临时股东大会会议须知 3 | | 三、2024 | 年第一次临时股东大会议案 5 | | 议案 | 1、关于聘任公司 2024 年度审计机构的议案 5 | 1 八、股东（或股东代理人）对上述议案进行审议并投票表决； 2024 年第一次临时股东大会会议资料 一、2024 年第一次临时股东大会会议议程 现场会议时间：2024 年 11 月 15 日 14 点 00 分 现场会议地点：浙江省宁波市北仑区小港街道海天路 1688 号海天大楼三楼会议 室 一、与会人员签到，领取会议资料；股东（或股东代理人）同时递交身份证明材 料（授权委托书、营业执照复印件、身份证复印件等）； 二、会议主持人宣布 2024 年第一次临时股东大会会议开始； 三、会议主持人宣布出席股东大会现场会议的股东（或股东代理人）人数及所持 有的表决权股份总数，占公司有表决权股份总数的比例 ...

股票上市地点：上海证券交易所 股票简称：海天精工 宁波海天精工股份有限公司 简式权益变动报告书 上市公司名称：宁波海天精工股份有限公司 股票代码：601882 信息披露义务人：钱耀恩 住所：浙江省宁波市北仑区****** 通讯地址：浙江省宁波市北仑区黄山西路 235 号 股份变动性质：本次权益变动是由于一致行动协议到期终止所 引起，不涉及信息披露义务人持股数量和持股比例的变动。 签署日期：2024 年 11 月 5 日 信息披露义务人声明 一、 信息披露义务人依据《中华人民共和国证券法》（以下简称"《证券法》"） 《上市公司收购管理办法》（以下简称"《收购管理办法》"）《公开发行证券的公 司信息披露内容与格式准则第 15 号——权益变动报告书》（以下简称"《准则 15 号》"）及其他相关的法律、法规和规范性文件编写本报告书。 二、 信息披露义务人签署本报告书已获得必要的授权和批准，其履行亦不 违反信息披露义务人所任职或持有权益公司章程或内部规则中的任何条款，或与 之相冲突。 三、 依据《证券法》《收购管理办法》《准则 15 号》的规定，本报告书已全 面披露信息披露义务人在宁波海天精工股份有限公司中拥有权益的股 ...

宁波海天精工股份有限公司 简式权益变动报告书 上市公司名称：宁波海天精工股份有限公司 股票上市地点：上海证券交易所 股票简称：海天精工 股票代码：601882 信息披露义务人：张静来 住所：浙江省宁波市北仑区****** 通讯地址：浙江省宁波市北仑区黄山西路 235 号 股份变动性质：本次权益变动是由于一致行动协议到期终止所引 起，不涉及信息披露义务人持股数量和持股比例的变动。 签署日期：2024 年 11 月 5 日 信息披露义务人声明 一、 信息披露义务人依据《中华人民共和国证券法》（以下简称"《证券法》"） 《上市公司收购管理办法》（以下简称"《收购管理办法》"）《公开发行证券的公 司信息披露内容与格式准则第 15 号——权益变动报告书》（以下简称"《准则 15 号》"）及其他相关的法律、法规和规范性文件编写本报告书。 二、 信息披露义务人签署本报告书已获得必要的授权和批准，其履行亦不 违反信息披露义务人所任职或持有权益公司章程或内部规则中的任何条款，或与 之相冲突。 三、 依据《证券法》《收购管理办法》《准则 15 号》的规定，本报告书已全 面披露信息披露义务人在宁波海天精工股份有限公司中拥有权益的股 ...

证券代码：601882 证券简称：海天精工 公告编号：2024-031 宁波海天精工股份有限公司关于实际控制人一致 行动关系到期解除暨实际控制人变更的公告 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： 一、 本次权益变动基本情况 2012 年 9 月 2 日，张静章先生、张剑鸣先生、张静来先生、钱耀恩先 生共同签署《一致行动确认及协议》，约定在任何涉及宁波海天精工股份有 限公司（以下简称"公司"、"海天精工"）的决策事项均先行协商达成一致 意见行使表决权，有效期至公司股票在上海证券交易所上市交易之日起 36 注：张静章先生与张剑鸣先生为父子关系。张静来先生、钱耀恩先生与张静 章先生、张剑鸣先生之间无亲属关系。 2024 年 11 月 5 日，公司收到张静章先生、张剑鸣先生、张静来先生、钱耀 恩先生共同签署的《关于一致行动协议到期不再续签的告知函》，确认《一致行 动协议》于 2024 年 11 月 4 日到期且不再续签。同日，海天企业管理、安信维尔 京分别与张剑鸣先生签署《表决权委托协议》，海天企业管理将 ...

Investment Rating - The investment rating for the company is "Buy" (maintained) [1] Core Views - The company reported a revenue of 2.493 billion yuan for the first three quarters of 2024, a year-on-year decrease of 0.57%, which met expectations [1] - The manufacturing PMI in China returned to the expansion zone at 50.1% in October 2024, indicating a recovery in the manufacturing sector [1] - The company is expanding its R&D investments, with R&D expenses reaching 125 million yuan in the first three quarters of 2024, a year-on-year increase of 27.12% [1] - The company is focusing on enhancing product competitiveness and improving overall risk resistance amid industry pressures [1] Financial Performance Summary - For Q3 2024, the company achieved a revenue of 814 million yuan, a year-on-year increase of 0.26%, while the net profit attributable to shareholders was 110 million yuan, a year-on-year decrease of 22.47% [1] - The gross margin for the first three quarters of 2024 was 28.03%, a decrease of 1.53 percentage points year-on-year, while the net margin was 16.2% [1] - The company’s revenue projections for 2024-2026 are adjusted to 3.402 billion, 3.758 billion, and 4.159 billion yuan respectively, with net profits of 610 million, 681 million, and 814 million yuan [3] Market and Competitive Position - The company is actively expanding its overseas market presence and enhancing its management capabilities to meet domestic and international demand [1] - The company is also focusing on developing high-performance products for key industries to achieve import substitution and accelerate the development of core components [1] - The company’s current stock price reflects a PE ratio of 19, 17, and 14 times for the years 2024-2026 based on projected EPS [3]

Investment Rating - The report maintains a "Buy" rating for the company, indicating an expected relative performance increase of over 15% compared to the benchmark index within the next 6 to 12 months [2][9]. Core Views - The company is experiencing pressure on its performance in Q3 2024, with a decline in both revenue and net profit. However, there is an expectation for demand improvement in the future [1][2]. - The report highlights the company's strong position as a leader in the industrial mother machine sector, suggesting that its long-term growth potential remains intact despite current challenges [2]. Financial Summary - **Revenue Forecast**: The company is projected to achieve revenues of 3,389 million in 2024, with a growth rate of 2% year-on-year. This is expected to increase to 4,348 million by 2026, reflecting a growth rate of 15% [1][6]. - **Net Profit Forecast**: The net profit is expected to decline to 550 million in 2024, a decrease of 10% year-on-year, but is projected to recover to 760 million by 2026, with a growth rate of 19% [1][6]. - **Earnings Per Share (EPS)**: The EPS is forecasted to be 1.05 in 2024, down from 1.17 in 2023, but expected to rise to 1.46 by 2026 [1][6]. - **Cash Flow**: Operating cash flow is projected to be 402 million in 2024, with a gradual increase to 639 million by 2026 [5][6]. Market Position and Strategy - The company is focusing on domestic market share through import substitution and expanding its overseas presence. It aims to adapt its products to meet the needs of various international markets [1][2]. - The report notes that the company has established subsidiaries in Singapore and Thailand, which are expected to contribute to its growth in overseas markets [1][2]. Growth Drivers - The report identifies key growth drivers including the ongoing trend of import substitution in high-end CNC machine tools and the company's strategic initiatives to enhance its global marketing efforts [1][2]. - The company is also expected to benefit from the increasing restrictions on exports from developed countries to China, which may accelerate domestic substitution [1][2].