公司研究〃华设集团（603018）4 本人具有中国证券业协会授予的证券投资咨询执业资格，以勤勉的职业态度，独立、客观地出具本报告。本报告所采用的数据和信息均 来自市场公开信息，本人不保证该等信息的准确性或完整性。分析逻辑基于作者的职业理解，清晰准确地反映了作者的研究观点，结论 不受任何第三方的授意或影响，特此声明。 | --- | --- | --- | --- | --- | |---------------------------------------------------------------------|------------|----------|-------|-----------------------------------------------------------| | 1. 投资评级的比较和评级标准： | 类 别 | 评 级 | | 说 明 | | 以报告发布后的 6 个月内的市场表现 | | 优于大市 | | 预期个股相对基准指数涨幅在 10% 以上； | | 为比较标准，报告发布日后 6 个月内 | 股票投资评 | 中性 | | 预期个股相对基准指数涨幅介于 -10% ...

| 证券代码：603018 | 证券简称：华设集团 公告编号：2024-036 | | --- | --- | | 转债代码：113674 | 转债简称：华设转债 | 华设设计集团股份有限公司 可转债转股结果暨股份变动公告 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： 一、可转债发行上市概况 （一）可转债发行情况 经中国证券监督管理委员会（以下简称"中国证监会"）《关于同意华设设计 集团股份有限公司向不特定对象发行可转换公司债券注册的批复》（证监许可 [2023]1322 号）同意，华设设计集团股份有限公司（以下简称"公司"或"本公 司"）于 2023 年 7 月 21 日向不特定对象发行可转换公司债券 400.00 万张，发行 价格为每张面值 100 元人民币，按面值发行，期限 6 年，募集资金总额为人民币 40,000.00 万元。可转债票面利率为：第一年 0.30%、第二年 0.50%、第三年 1.00%、 累计转股情况：截至 2024 年 3 月 31 日，累计有人民币 14,000 元"华设 转债" ...

| 证券代码：603018 | 证券简称：华设集团 | 公告编号：2024-035 | | --- | --- | --- | | 转债代码：113674 | 转债简称：华设转债 | | 截至2024年3月29日，公司通过上海证券交易所交易系统以集中竞价交易方 式回购的股份数量为3,839,200股，占公司总股本的比例为0.5615%，成交最高价 为7.25元/股，成交最低价为6.48元/股，已支付的资金总额为人民币27,115,036元 （不含交易费用）。上述回购进展符合既定的回购股份方案。 1 / 2 公司将严格按照相关规定实施股份回购并及时履行信息披露义务，敬请投 资者注意投资风险。 特此公告。 华设设计集团股份有限公司董事会 华设设计集团股份有限公司 关于回购股份进展情况的公告 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。 华设设计集团股份有限公司（以下简称"公司"）于2024年1月5日召开第五 届董事会第九次会议，审议通过了《关于以集中竞价交易方式回购公司股份方 案的议案》，同意公司使用自有及自筹资金以集中竞价交 ...

盈利能力稳步提升，新业务拓展持续发力 公司发布 23 年报，23 年实现营业收入 53.53 亿元，同比-8.32%，实现归母 净利润 6.98 亿元，同比+2.08%。整体经营稳健。单季度来看，23Q4 单季 度公司收入、归母净利润分别为 21.61、3.47 亿元，同比分别-15.44%、 +3.33%。23 年公司深耕主业多元发展，在数字化、低碳环保等业务方向持 续拓展深化，同时公司承担了国内多个民航机场改扩建工程，在低空经济 业务方面具备先发优势。23 年公司现金分红 2.1 亿元，分红比例为 30.4%， 对应 3 月 27 日收盘的股息率为 3.9%。 23 年公司传统业务勘察设计/规划研究/综合检测/EPC 及项目全过程管理分 别实现营收 31.7/4.8/5.2/3.2 亿元，同比分别-14.7%/+7.7%/+32.3%/-4.7%， 毛利率分别为 42.2%/49.5%/30.3%/17.3%，同比分别+1.7/+5.5/-2.1/-0.8pct， 检测业务实现快速增长，规划研究业务毛利率显著改善，同时低毛利的 EPC 业务进一步缩减。新兴业务中，数字智慧/低碳环保业务分别实现营收 3.9 ...

Financial Performance - In 2023, the company's operating revenue was approximately ¥5.35 billion, a decrease of 8.32% compared to ¥5.84 billion in 2022[22]. - The net profit attributable to shareholders was approximately ¥697.84 million, an increase of 2.08% from ¥683.63 million in 2022[22]. - The company achieved operating revenue of 5.353 billion yuan, with a net profit of 714 million yuan, representing a year-on-year growth of 0.57%[31]. - The company reported a basic earnings per share of ¥1.01 in 2023, compared to ¥1.00 in 2022[23]. - The company reported a gross margin of 39.15% in the service sector, with a decrease of 11.75% year-on-year[119]. - The company’s R&D expenses amounted to 249 million RMB, a decrease of 20.52% compared to the previous year[118]. - The company reported a net cash flow from operating activities of approximately ¥499.46 million, an increase of 2.03% from ¥489.53 million in 2022[22]. - The company’s cash flow from operating activities was 499 million RMB, an increase of 2.03% year-on-year[118]. - The company aims for over 5% growth in revenue and net profit in 2024 compared to 2023, with a target of achieving a net cash flow from operating activities of no less than 400 million yuan[150]. Dividend Policy - The company plans to distribute a cash dividend of 3.1 yuan (including tax) for every 10 shares, totaling approximately 211.97 million yuan, which accounts for 30.38% of the audited net profit attributable to shareholders of the parent company for 2023[7]. - The cash dividend amount for the year is approximately ¥211,972,095.12, which represents 30.38% of the net profit attributable to ordinary shareholders in the consolidated financial statements[199]. - The company has established a profit distribution plan for 2022-2024, committing to distribute at least 30% of the annual distributable profit to shareholders as cash dividends after reserving sufficient surplus funds[196]. - The company emphasizes a cash dividend policy, aiming for a minimum of 80% cash dividends during profit distribution when in a mature stage without major capital expenditure[195]. Audit and Compliance - The company has received a standard unqualified audit report from Rongcheng Accounting Firm[6]. - The company has established a comprehensive risk management system, enhancing internal controls and compliance management[114]. - The company did not experience significant changes in major customers or suppliers during the reporting period[124]. - The company has not faced any penalties from securities regulatory agencies in the past three years[181]. Innovation and Technology - The company is focusing on digital transformation and enhancing its design consulting and technological innovation capabilities[30]. - The company has developed new software products such as AiRoad2.0 and VRRoad2.0, enhancing design efficiency through AI integration[42]. - The company has developed a digital twin platform called "Ziyun Infrastructure," which integrates AI, BIM+GIS, and big data technologies, covering the entire lifecycle of infrastructure projects[71]. - The AI-powered EICAD+AIRoad interactive digital design platform has improved design efficiency by over 10 times, with approximately 80% of national traffic and municipal design institutes using the software[72]. - The company is leveraging advanced digital technologies and engineering insights to provide leading digital solutions in transportation and urban construction[56]. - The company is committed to digital transformation, aiming to become a leader in "digital design," "digital construction," and "digital services" within the industry[148]. Market Expansion and Strategic Initiatives - The company is actively involved in the digital economy, with initiatives to enhance digital infrastructure and promote the integration of digital technology in various sectors, including transportation[52]. - The company is exploring industrialization paths to transition from an engineering design firm to a full-chain technology integrator, focusing on customer needs and core technology leadership[149]. - The company is enhancing its international business capabilities and aims to strengthen its consulting services in the context of global market changes[149]. - The company is exploring acquisition opportunities in the tech sector, with a budget of 100 million allocated for potential deals[174]. - The company is participating in the establishment of a venture capital fund in Nanjing, indicating a strategy for investment diversification[182]. Human Resources and Management - The company has optimized its talent structure, with 2,174 employees holding a master's degree or above, accounting for 35.5% of the total workforce[112]. - The company has a total of 6,130 employees, with 3,210 in the parent company and 2,920 in major subsidiaries[192]. - The company appointed Yao Yu as the general manager on December 29, 2022, and appointed Xu Yigang and Zhai Jianfeng as executive vice presidents on January 9, 2023[176]. - The company has a new management team including six vice presidents: Hou Ligang, Fan Dongtao, Li Jianfeng, Zhang Jiankang, Chen Ruyang, and Cao Yali[176]. - The company emphasizes the importance of retaining professional talent, as the success of its engineering consulting business is closely tied to the quality and quantity of its workforce[156]. Environmental and Social Responsibility - The company is committed to environmental protection and sustainable development, as evidenced by the appointment of professionals with expertise in environmental engineering[178]. - The company is committed to green and low-carbon projects, including the establishment of green low-carbon technology centers for highway projects[97]. - The company has completed 10 million square meters of water environment governance and over 1,500 rural sewage treatment stations, showcasing its capabilities in ecological and environmental services[97]. - The company has designed over 4,800 kilometers of road landscape greening and 40 million square meters of urban greening, along with more than 100 ecological parks and wetlands[98]. Awards and Recognition - The company ranked 3rd in the "Top 100 National Survey and Design Enterprises by Revenue" and 1st in the "Chinese Private Engineering Design Enterprises List" in 2023[30]. - The company has received over 100 provincial and ministerial-level awards for its strategic planning and policy research in transportation[61]. - The company has received 55 authorized patents during the reporting period, including 28 invention patents, indicating a strong focus on technological innovation[46]. - The company has received multiple awards for its digital BIM platform, including the Jiangsu Province Excellent Industrial Software Award and the First Prize in Traffic BIM Engineering Innovation[78].

公 司 更 新 报 告 请务必阅读正文之后的免责条款部分 -10% 3% 17% 30% 44% 57% -36% -26% -15% -5% 6% 17% 2023-03 2023-08 2024-01 股票绝对涨幅和相对涨幅 华设集团价格涨幅 华设集团相对指数涨幅 -8% -3% 2% 6% 11% 16% 22A 23A 24E 25E 26E 利润率趋势 收入增长率(%) EBIT/销售收入(%) 12% 13% 14% 15% 16% 17% 22A 23A 24E 25E 26E 回报率趋势 净资产收益率(%) 投入资本回报率(%) [Table_Page] 华设集团(603018) 依托公司行业智库(北京民航院)+规划设计产业策划(公司本部)+行业运 用(中设航空)，形成低空经济业务格局。(1)公司在低空经济领域具备丰 富的经验和深厚的技术积累，可提供包括低空政策咨询、标准制定、规 划设计、空域管理、系统开发以及行业应用等在内的全方位服务，先后 为 113 个运输机场和 18 个通用机场提供工程咨询服务。(2)依托公司行 业智库(北京民航院)+规划设计产业策划(公司本部)+行业运用(中设航 空) ...

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华设设计集团股份有限公司 关于2024年度使用闲置自有资金购买理财产品额度的公告 | 证券代码：603018 | 证券简称：华设集团 | 公告编号：2024-030 | | --- | --- | --- | | 转债代码：113674 | 转债简称：华设转债 | | 本公司董事会及全体董事保证本公告内容不存在虚假记载、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： 委托理财产品类型：银行、证券公司、保险公司或信托公司等金融机构 的低风险等级理财产品。 委托理财期限：自 2023 年度股东大会审议通过之日起，至 2024 年度股 东大会批准 2025 年度理财产品额度之日止。 履行的审议程序：公司于 2024 年 3 月 27 日召开第五届董事会第十二次 会议，审议通过了《关于 2024 年度使用闲置自有资金购买理财产品额度的公告 的议案》。本议案尚需提交公司股东大会审议。 （二）资金来源：闲置自有资金。 1 / 3 委托理财受托方：银行、证券公司、保险公司或信托公司等金融机构。 委托理财额度：单日最高余额不超过 150,000 万元，在确保不影响公司 日常运 ...

1 华设设计 2023 年 ESG 报告 2 关于本报告 报告简介 本报告是华设设计集团股份有限公司发布的首份环境、社会及公司治理（ESG）报告（以下简称本报告），以向利益相关方等披 露和展示公司在环境、社会及公司治理领域（ESG）的绩效。本报告经公司董事会审议通过，并对所载信息的真实性及有效性负责。 时间范围 本报告涵盖时间范围若无特殊说明，均为 2023 年 1 月 1 日至 2023 年 12 月 31 日。为保证报告的完整性，部分信息时间范围进行 了前后延伸。 报告范围 本报告覆盖华设设计集团股份有限公司及下属公司，与财务报告合并报表范围一致。其他范围与此有差异的内容，将会在报告中 进行说明。 数据来源 本报告全部信息数据来源包括政府部门公开数据、公司的正式文件、公开披露文件。报告所引用的财务数据以年报为准，其他数 据来自公司内部统计。本报告中所涉及货币金额以人民币作为计量币种，特别说明的除外。 编制依据 本报告依据上海证券交易所《<公司履行社会责任的报告 >编制指引》，重点参考国际标准化组织 ISO 26000：2010《社会责任指南》 国际标准、全球报告倡议组织（GRI）《可持续报告编写指引》、香 ...

募集资金存放与实际使用情况专项 华设设计集团股份有限公司 报告 华设设计集团股份有限公司 2023 年度募集资金存放与实际使用情况的专项报告 根据上海证券交易所《上海证券交易所上市公司自律监管指引第1号 -- 规范运作》 和《上海证券交易所上市公司自律监管指南第1号 -- 公告格式》的规定,将华设设计 集团股份有限公司(以下简称本公司或公司)2023 年度募集资金存放与使用情况报告如 下: 一、募集资金基本情况 (一)实际募集资金金额、资金到位时间 经中国证券监督管理委员会证监许可「2023 ] 1322 号《关于同意华设设计集团股份 有限公司向不特定对象发行可转换公司债券注册的批复》同意注册,由主承销商华泰联 合证券有限责任公司采用向原股东优先配售,原股东优先配售后余额部分(含原股东放 弃优先配售部分)通过上交所交易系统网上向社会公众投资者发行的方式,公开募集人 民币 400.000.000.00元,发行数量为 4.000.000.00 张,每张面值为人民币 100.00 元,按 面值发行。截至 2023 年 7 月 27 日 10:00 止,本公司实际已募集资金总额为人民币 400.000.000.00 ...