Investment Rating - The report maintains a "Buy" rating for the company, indicating an expected price increase of over 15% in the next 6-12 months [3][9]. Core Views - The company's performance slightly exceeded expectations, primarily due to better-than-expected growth in overseas business [2]. - The company is expected to continue benefiting from the release of new overseas orders and improved profitability from overseas factories [3]. Summary by Sections Performance Overview - In Q2 2024, the company achieved revenue of 186 million yuan, a year-on-year increase of 32.33%, with a net profit of 63 million yuan, up 37.15% year-on-year [1]. - For the first half of 2024, total revenue reached 328 million yuan, representing a 20.37% increase year-on-year, while net profit was 111 million yuan, up 18.76% year-on-year [1]. Operational Analysis - Revenue from the valve drive group in H1 2024 was 240 million yuan, a year-on-year increase of 25.19%. Revenue from overseas subsidiaries in Europe and Mexico grew by 108.91% and 107.89%, respectively [2]. - The company's overseas revenue accounted for 46.72% of total revenue in H1 2024, an increase of 12.42 percentage points compared to the end of 2023 [2]. - Domestic gross margin was 54.41%, while overseas gross margin was 50.35%, leading to a slight decline in overall gross margin due to the increased share of overseas revenue [2]. Future Outlook - The company’s projects in Hangzhou and Mexico have entered the production phase, which is expected to enhance profitability [2]. - The company aims to maintain a gross margin around 50% through technological innovation and efficiency improvements [2]. Profit Forecast and Valuation - Revenue projections for 2024-2026 are 795 million, 976 million, and 1.204 billion yuan, with year-on-year growth rates of 36.2%, 22.8%, and 23.4%, respectively [3]. - Net profit forecasts for the same period are 220 million, 262 million, and 331 million yuan, with growth rates of 19.17%, 19.08%, and 26.37% [3].

证券代码：603040 证券简称：新坐标 公告编号：2024-042 杭州新坐标科技股份有限公司 2024 年半年度利润分配方案的公告 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。 重要内容提示： 每股分配比例：每股派发现金红利 0.20 元（含税），不以公积金转增股本，不 送红股。 本次利润分配以实施权益分派股权登记日登记的总股本扣除公司回购专用证 券账户中股份和待回购注销的限制性股票后的股本总额为基数，具体日期将在权益分 派实施公告中明确。 现金分红金额上限：2024 年半年度合并报表归属于上市公司普通股股东的净利润 的 30%。 （二）经公司财务部核算，截至 2024 年 6 月 30 日，公司期末可供分配利润为 865,644,510.61 元，归属于公司普通股股东的净利润为 111,321,881.74 元（未经审计）， 2024 年上半年经营数据均已满足中期分红的前提条件。经董事会决议，公司 2024 年半 年度拟以实施权益分派股权登记日登记的总股本扣除公司回购专用证券账户中的股份 和待回购注销的限制性股票后的股 ...

1 | 第一章 | 总则 4 | | | --- | --- | --- | | 第二章 | 经营宗旨和范围 | 5 | | 第三章 | 股份 5 | | | 第四章 | 股东和股东大会 | 8 | | 第一节 | 股东 8 | | | 第三节 | 股东大会的召集 | 13 | | 第四节 | 股东大会的提案与通知 | 14 | | 第五节 | 股东大会的召开 | 16 | | 第六节 | 股东大会的表决和决议 | 19 | | 第五章 | 董事会 24 | | | 第一节 | 董事 24 | | | 第二节 | 独立董事 | 26 | | 第三节 | 董事会 27 | | | 第六章 | 总经理及其他高级管理人员 | 34 | | 第七章 | 监事会 35 | | | 第一节 | 监事 35 | | | 第二节 | 监事会 36 | | | 第八章 | 党的建设 | 38 | | 第九章 | 财务会计制度、利润分配和审计 | 38 | | 第一节 | 财务会计制度 | 38 | | 第二节 | 内部审计 | 41 | | 第三节 | 会计师事务所的聘任 | 42 | | 第十章 | 通知和公告 | 42 | ...

证券代码：603040 证券简称：新坐标 公告编号：2024-044 杭州新坐标科技股份有限公司 关于回购注销部分激励对象已获授但尚未解锁的 限制性股票的公告 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： 本次回购注销原因：激励对象因职务变更、已离职或个人层面绩效考核 指标未达成，不再具备激励对象资格。 本次回购注销数量：44,500 股 杭州新坐标科技股份有限公司（以下简称"公司"、"新坐标"）于 2024 年 8 月 28 日分别召开第五届董事会第九次会议和第五届监事会第八次会议，审议并 通过了《关于回购注销部分激励对象已获授但尚未解锁的限制性股票的议案》。 根据《公司 2022 年限制性股票激励计划（草案）》（以下简称"《激励计划》"）及 相关规定和 2022 年第一次临时股东大会的授权，鉴于公司 2022 年限制性股票激 励计划（以下简称"本激励计划"）的激励对象杨琦苹、姚晓俊、叶修涵、陶嘉 贵、章正立因职务变更、已离职或个人层面绩效考核指标未达成，已不具备本激 励计划激励资格，董事会将对以上 5 名 ...

证券代码：603040 证券简称：新坐标 公告编号：2024-046 杭州新坐标科技股份有限公司 关于回购注销部分限制性股票通知债权人的公告 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。 一、通知债权人的原由 杭州新坐标科技股份有限公司（以下简称"公司"）于 2024 年 8 月 28 日召 开第五届董事会第九次会议和第五届监事会第八次会议，审议通过了《关于回购 注销部分激励对象已获授但尚未解锁的限制性股票的议案》，根据《公司 2022 年度限制性股票激励计划（草案）》（以下简称"《激励计划》"）的规定及公司 2022 年第一次临时股东大会授权，公司决定回购注销部分已获授但尚未解锁的限制性 股票共计 44,500 股，将导致注册资本减少至 135,063,396 元。具体内容详见公司 同日于上海证券交易所网站（www.sse.com.cn）、《上海证券报》上披露的《新坐 标关于回购注销部分激励对象已获授但尚未解锁的限制性股票的公告》（公告编 号：2024-044）。 根据《激励计划》相关规定，本次回购注销的限制性股票数量为 ...

证券代码：603040 证券简称：新坐标 公告编号：2024-045 关于变更注册资本并相应修订《公司章程》的公告 杭州新坐标科技股份有限公司 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。 杭州新坐标科技股份有限公司（以下简称"公司"）于 2024 年 8 月 28 日召 开了第五届董事会第九次会议，审议通过了《关于变更注册资本并相应修订<公 司章程>的议案》，同意公司减少注册资本，并对《公司章程》进行修订。具体情 况如下： 鉴于公司 2022 年度限制性股票激励计划（以下简称"本激励计划"）的激励 对象杨琦苹、姚晓俊、叶修涵、陶嘉贵、章正立因职务变更、已离职或个人层面 绩效考核指标未达成，已不具备本激励计划激励资格，董事会将对以上 5 名激励 对象所持有的已获授但尚未解锁的 44,500 股限制性股票进行回购注销。公司总 股本 135,107,896 股将减少至 135,063,396 股，公司注册资本由原来的 135,107,896 元变更为 135,063,396 元，故需要对《公司章程》的相关条款进行修订。修订前 后 ...

上海市锦天城律师事务所 关于杭州新坐标科技股份有限公司 回购注销 2022 年限制性股票激励计划 部分限制性股票相关事宜的 法律意见书 锦 天 城 律师事务 所 ALLBRIGHT LAW OFFICES 地址: 上海市浦东新区银城中路 501 号上海中心大厦 11/12 楼 传真: 021-20511999 电话: 021-20511000 邮编: 200120 上海市锦天城律师事务所 法律意见书 上海市锦天城律师事务所 关于杭州新坐标科技股份有限公司 回购注销 2022 年限制性股票激励计划 部分限制性股票相关事宜的 法律意见书 致:杭州新坐标科技股份有限公司 上海市锦天城律师事务所(以下简称"锦天城"或"本所")接受杭州新坐 标科技股份有限公司(以下简称"公司"或"新坐标")的委托,担任公司"2022 年限制性股票激励计划"(以下简称"本次激励计划")的法律顾问,根据《中华 人民共和国公司法》(以下简称"《公司法》")、《中华人民共和国证券法》(以下 简称"《证券法》")、《上市公司股权激励管理办法》(以下简称"《激励管理办法》" 或"《管理办法》")等有关法律法规的规定,按照律师行业公认的业务标准、道 ...

与会监事审议通过了如下议案： 1、审议通过《关于<公司 2024 年半年度报告>全文及其摘要的议案》 证券代码：603040 证券简称：新坐标 公告编号：2024-041 杭州新坐标科技股份有限公司 第五届监事会第八次会议决议公告 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 杭州新坐标科技股份有限公司（以下简称"公司"或"新坐标"）于 2024 年 8 月 28 日在公司会议室以现场结合通讯表决方式召开第五届监事会第八次会 议。会议通知已于 2024 年 8 月 18 日以专人送达及电子邮件方式发出。本次会议 应到监事 3 名，实到监事 3 名。会议由监事会主席季红英女士主持，会议的召集 与召开符合《公司法》及《公司章程》的有关规定。 二、监事会会议审议情况 3、审议通过《关于拟注销控股子公司暨关联交易的议案》 监事会审议并发表如下审核意见：本次注销控股子公司事项不会对公司财务 及经营情况产生不利影响；本次关联交易事项符合有关法律、法规的规定，遵循 公平、公正的原则，不存在损害公司及全体股东特别是中 ...

Dividend Distribution - The company plans to distribute a cash dividend of RMB 2.00 per 10 shares (including tax), totaling approximately RMB 26,745,827.20 based on a total share capital of 135,107,896 shares, after deducting shares in the repurchase account[2]. - The total number of shares eligible for profit distribution is calculated after excluding 1,334,260 shares in the repurchase account and 44,500 restricted shares pending repurchase cancellation[2]. - The total share capital as of August 28, 2024, is 135,107,896 shares, with adjustments to the distribution total if the share capital changes before the distribution date[2]. - The company plans to distribute dividends of ¥2.00 per 10 shares, indicating a commitment to returning value to shareholders[50]. - The company distributed dividends amounting to CNY 53,509,454.40 during the reporting period[90]. Financial Performance - The company's operating revenue for the first half of 2024 reached ¥328,171,920.64, representing a 20.37% increase compared to ¥272,637,295.72 in the same period last year[16]. - The net profit attributable to shareholders for the first half of 2024 was ¥111,321,881.74, an increase of 18.76% from ¥93,736,221.94 in the previous year[16]. - The net cash flow from operating activities decreased by 7.26% to ¥136,858,797.25, down from ¥147,575,940.45 in the same period last year[16]. - The basic earnings per share for the first half of 2024 was ¥0.83, a 20.29% increase from ¥0.69 in the same period last year[17]. - The total assets at the end of the reporting period were ¥1,537,765,179.10, reflecting a 2.22% increase from ¥1,504,347,215.74 at the end of the previous year[16]. - The company's net assets attributable to shareholders increased by 2.07% to ¥1,278,943,648.26 from ¥1,252,982,620.08 at the end of the previous year[16]. - The company reported non-recurring gains of ¥10,156,656.18, primarily from government subsidies and asset disposals[17]. - The weighted average return on net assets increased by 0.45 percentage points to 8.59% compared to the previous year[17]. - The company reported a total comprehensive income of ¥106,465,118.24 for the first half of 2024, down from ¥113,709,156.27 in the same period of 2023[81]. - The net profit for the first half of 2024 was ¥114,618,563.81, representing a 21.0% increase from ¥94,051,365.24 in the previous year[80]. Operational Highlights - The company operates in the cold precision forming segment of the metal plastic processing industry, which is increasingly applied in various sectors including automotive and aerospace[19]. - The company is focusing on technological innovations in cold forging and other processing techniques to enhance production efficiency and product quality[19]. - During the reporting period, sales of precision components for valve drive groups increased significantly, with notable achievements in expanding overseas markets[22]. - The company is actively expanding its product applications in various fields, including precision components for automotive transmissions and electric vehicle battery housings, creating new market opportunities[32]. - The company has achieved significant progress in customer resource development, becoming a first-tier supplier for numerous well-known automotive brands[31]. - The company has successfully secured multiple project designations from major automotive clients, including SAIC Volkswagen and BYD, and is gradually ramping up production[30][31]. Risk Management - The company has outlined potential risks in the "Management Discussion and Analysis" section of the report[3]. - The company emphasizes that forward-looking statements do not constitute substantive commitments to investors, urging caution regarding investment risks[2]. - The company faces risks related to the downstream industry, as its products are primarily used in the automotive and motorcycle sectors, which are closely tied to macroeconomic conditions[43]. Corporate Governance - The board of directors has confirmed that all members attended the meeting, ensuring the authenticity and completeness of the semi-annual report[2]. - The company has confirmed that there are no issues with the majority of directors being unable to guarantee the authenticity and accuracy of the semi-annual report[3]. - The company guarantees the independence of its financial accounting department and will maintain separate bank accounts, ensuring independent financial decision-making[59]. - The company will maintain a sound corporate governance structure, ensuring independent operation of its board and management[59]. - The controlling shareholders have promised to minimize and regulate related transactions with the company and its subsidiaries post-equity change, adhering to market principles and fair pricing[60]. Shareholder Information - As of the end of the reporting period, the total number of ordinary shareholders was 8,104[65]. - The largest shareholder, Hangzhou Zuofeng Investment Management Co., Ltd., holds 51.22% of the shares, totaling 69,205,500 shares[65]. - The top ten shareholders collectively hold a significant portion of the company's shares, with the largest shareholder having no pledged shares[65]. Cash Flow and Assets - The cash flow from operating activities decreased by 7.26% to CNY 136.86 million, indicating a need for improved cash management[37]. - The total current assets as of June 30, 2024, amounted to RMB 902,204,419.76, an increase from RMB 810,204,775.66 as of December 31, 2023, representing an increase of approximately 11.5%[73]. - Cash and cash equivalents increased to RMB 226,902,672.51 from RMB 167,997,674.92, reflecting a growth of about 35%[73]. - The company's inventory rose to RMB 161,749,077.29, up from RMB 155,871,089.85, indicating an increase of approximately 3.5%[73]. - The total assets increased to ¥1,537,765,179.10, up from ¥1,504,347,215.74, representing a growth of approximately 2.9%[74]. Accounting and Financial Reporting - The company operates under the Chinese accounting standards and has established specific accounting policies for revenue recognition and bad debt provisions[101]. - The company recognizes revenue when control of goods is transferred to customers, either at a point in time or over a period, based on specific criteria[160]. - The company applies a simplified accounting treatment for short-term leases and low-value asset leases, recognizing lease payments on a straight-line basis over the lease term[166]. - The company recognizes employee compensation liabilities for wages, bonuses, and social insurance contributions as incurred, impacting current profits or related asset costs[154]. - The company recognizes impairment losses or gains in the current profit and loss based on the remeasurement of expected credit losses at each balance sheet date[125]. Government Subsidies - The company received government subsidies classified as deferred income, which will be recognized in the profit and loss statement during the period when related costs or losses are recognized[163]. - Government subsidies related to assets are recognized as deferred income and amortized over the useful life of the related assets[163]. - The company applies the total amount method for accounting treatment of government subsidies, with related asset subsidies recognized as deferred income[163]. Bad Debt and Receivables - The bank reported a bad debt provision of CNY 50,000.00, reflecting a 5.00% provision rate on commercial acceptance bills[182]. - The provision for bad debts based on aging categories totaled ¥7,313,192.48, with a provision ratio of 6.62%[188]. - The company did not report any significant changes in contract assets during the reporting period[190]. - The company reported no significant overdue interest or bad debt provisions during the period[197].

证券代码：603040 证券简称：新坐标 公告编号：2024-043 杭州新坐标科技股份有限公司 关于拟注销控股子公司暨关联交易的公告 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： 公司拟注销控股子公司杭州山木汽车热管理科技有限公司（以下简称"杭 州山木"） 徐纳先生为公司董事长和总经理，持有杭州山木 10.53%股权，本次拟注 销控股子公司事项构成关联交易 一、 关联交易概述 杭州新坐标科技股份有限公司（以下简称"公司"）于 2024 年 8 月 28 日召 开第五届董事会独立董事专门会议第四次会议，审议通过了《关于拟注销控股子 公司暨关联交易的议案》，并同意将该议案提交董事会审议。同日公司召开第五 届董事会第九次会议，审议通过了《关于拟注销控股子公司暨关联交易的议案》， 为优化公司资源配置，降低管理成本，公司拟注销杭州山木汽车热管理科技有限 公司。根据《上海证券交易所股票上市规则》及《上海证券交易所上市公司自律 监管指引第 5 号——交易与关联交易》等有关规定，杭州山木为公司与关联人徐 纳先生共同投资设立 ...