证券代码：603040 证券简称：新坐标 公告编号：2025-027 杭州新坐标科技股份有限公司 2024年年度股东大会决议公告 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： 本次会议是否有否决议案：无 一、会议召开和出席情况 (一) 股东大会召开的时间：2025 年 5 月 20 日 (二) 股东大会召开的地点：杭州市余杭区仓前街道龙潭路 18 号公司一楼多 功能室 (三) 出席会议的普通股股东和恢复表决权的优先股股东及其持有股份情况： | 1、出席会议的股东和代理人人数 | 84 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 72,872,090 | | 3、出席会议的股东所持有表决权股份数占公司有表决权股 | 53.3791 | | 份总数的比例（%） | | (四) 表决方式是否符合《公司法》及《公司章程》的规定，大会主持情况 等。 本次会议由公司董事会召集，由公司董事长徐纳先生主持，本次会议以现场 投票和网络投票相结合的方式召开，会议的召集、召开符合《公司法 ...

Investment Rating - The report maintains a "Buy" rating for the automotive industry, indicating a positive outlook for investment opportunities [2]. Core Insights - The automotive industry is experiencing a recovery in profitability, driven by the "old-for-new" policy, which has stimulated steady growth in passenger car sales in China [4][20]. - In 2024, the wholesale sales of passenger cars in China reached 27.41 million units, a year-on-year increase of 6.15%, while the sales of new energy passenger cars grew by 31.99% to 12.23 million units [4][22]. - The penetration rate of new energy vehicles increased to 44.6% in 2024, up 10.2 percentage points from 2023, indicating a strong trend towards electrification [22]. - The report highlights a significant divergence in performance within the passenger car sector, with leading companies like BYD showing robust growth, while others like SAIC and GAC faced declines [31][39]. Summary by Sections 1. Automotive Industry Performance in 2024 - The automotive industry in China is benefiting from government policies that encourage consumers to replace old vehicles with new ones, leading to increased sales [20]. - The total wholesale sales of passenger cars in 2024 were 27.41 million units, with a growth rate of 6.15% year-on-year [4][20]. 2. Passenger Car Sector: Performance Disparity - The passenger car sector achieved revenues of CNY 2,063.48 billion in 2024, a 9.79% increase, while net profit reached CNY 59.83 billion, up 1.37% [5][31]. - The first quarter of 2025 saw revenues of CNY 434.86 billion, a 7.39% increase, and net profit of CNY 14.09 billion, a 16.35% increase [5][31]. 3. Automotive Parts Sector: Revenue and Profit Growth - The automotive parts sector reported revenues of CNY 966.12 billion in 2024, a 6.14% increase, and net profit of CNY 47.41 billion, a 10.29% increase [6][53]. - In the first quarter of 2025, revenues reached CNY 234.43 billion, a 7.40% increase, with net profit at CNY 14.32 billion, a 13.56% increase [6][53]. 4. Investment Strategy - The automotive indices have shown significant growth, with the passenger car index rising by 7.29% and the automotive parts index by 14.82% year-to-date [7][75]. - The report emphasizes the importance of focusing on intelligent vehicle development, with companies like Huawei leading in technology integration [79]. 5. Key Companies and Recommendations - The report recommends several companies based on their performance and market position, including Zhongyuan Neipei, Xinz坐标, Kehua Holdings, and others, all rated as "Buy" [10].

截至5月16日收盘，汽车热管理概念上涨1.82%，位居概念板块涨幅第10，板块内，102股上涨，铭科精 技、均胜电子、新坐标等涨停，精锻科技、银轮股份、经纬恒润等涨幅居前，分别上涨12.28%、 7.23%、6.42%。跌幅居前的有天龙股份、永茂泰、恒勃股份等，分别下跌2.11%、1.82%、1.18%。 今日涨跌幅居前的概念板块 | 概念 | 今日涨跌幅（%） | 概念 | 今日涨跌幅（%） | | --- | --- | --- | --- | | PEEK材料 | 3.40 | 赛马概念 | -1.41 | | 可控核聚变 | 2.76 | 自由贸易港 | -1.12 | | 草甘膦 | 2.72 | 养鸡 | -1.06 | | 华为汽车 | 2.18 | 航运概念 | -1.00 | | 一体化压铸 | 2.15 | 期货概念 | -0.83 | | 小米汽车 | 2.14 | 猪肉 | -0.83 | | 长安汽车概念 | 1.98 | 同花顺中特估100 | -0.71 | | 培育钻石 | 1.93 | 信托概念 | -0.70 | | 有机硅概念 | 1.92 | 粮食概念 | -0.69 ...

Group 1 - The A-share automotive sector has shown strong performance, with companies such as Qin'an Co., Ltd. and Joyson Electronics reaching the daily limit increase [1] - Other companies like Wan'an Technology, Mingke Precision, and New Coordinates also previously hit the daily limit increase, indicating a positive trend in the sector [1] - Companies such as Haon Automotive Electric, Xinhongye, Tianqimo, and Rongtai Co., Ltd. have also seen significant gains, reflecting overall bullish sentiment in the automotive industry [1]

证券代码：603040 证券简称：新坐标 公告编号：2025-026 杭州新坐标科技股份有限公司 关于对外投资设立控股子公司进展暨完成注册登记 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。 杭州新坐标科技股份有限公司（以下简称"新坐标"或"公司"）第五届 董事会第十二次会议审议通过了《关于对外投资合资设立控股子公司的议案》， 同意公司与浙江陀曼智能科技股份有限公司、孙立松先生共同出资设立杭州九月 八精密传动科技有限公司（暂定名，以市场监管部门核定名称为准，以下简称"合 资公司"），研发、生产和销售滚柱丝杠、滚珠丝杠等精密传动零部件，实现多方 的战略合作及优势互补。新设子公司注册资本为 10,000 万元人民币，由公司认 缴出资人民币 7,700 万元，陀曼智能认缴出资人民币 1,800 万元，孙立松先生认 缴出资人民币 500 万元。项目总投资额约 50,000 万元人民币，其中注册资本 10,000 万元，剩余资金由股东追加投资或合资公司自筹解决（最终以项目建设实 际投资额为准）。具体内容详见公司于 2025 年 ...

杭州新坐标科技股份有限公司 2024 年年度股东大会 会议资料 二〇二五年五月 | | | | 2024 | 年年度股东大会议程 1 | | --- | --- | | 2024 | 年年度股东大会须知 3 | | 2024 | 年年度股东大会议案 5 | | 议案一 | 年度董事会工作报告 5 2024 | | 议案二 | 年度监事会工作报告 2024 11 | | 议案三 | 关于 2024 年度财务决算的报告 15 | | 议案四 | 关于公司 年度利润分配预案及 2024 2025 年中期现金分红规划的议案 21 | | 议案五 | 关于《公司 2024 年年度报告》全文及摘要的议案 23 | | 议案六 | 关于续聘中汇会计师事务所（特殊普通合伙）为公司审计机构的议案 24 | | 议案七 | 关于公司 2025 年度日常关联交易计划的议案 27 | | 议案八 | 关于 2025 年度申请综合授信额度及提供担保的议案 31 | | 议案九 | 关于确认公司董事、监事 年度薪酬及 2024 2025 年度薪酬方案的议案 35 | | 议案十 | 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 ...

Investment Rating - The report assigns a "Buy" rating to the company, maintaining the previous rating [1][6]. Core Insights - The company's main business is showing steady growth, with a promising layout in ball screw technology [5][6]. - In 2024, the company achieved a revenue of 6.80 billion yuan, a year-on-year increase of 16.63%, and a net profit attributable to shareholders of 2.12 billion yuan, up 14.76% year-on-year [5]. - The first quarter of 2025 saw a significant revenue increase of 26.15% year-on-year, reaching 1.79 billion yuan, with a net profit growth of 37.59% [5]. - The company is expanding its overseas business, with notable revenue growth from European markets [5][6]. - A new joint venture has been established to enhance the development of precision transmission components, indicating strategic growth initiatives [5][6]. Financial Projections - Revenue projections for 2025-2027 are 8.42 billion yuan, 10.59 billion yuan, and 13.19 billion yuan respectively, with net profits of 2.60 billion yuan, 3.29 billion yuan, and 4.10 billion yuan [6][7]. - The earnings per share (EPS) are expected to grow from 1.90 yuan in 2025 to 3.00 yuan in 2027 [6][7]. - The company is projected to maintain a price-to-earnings (P/E) ratio of 25 times in 2025, with a target price of 47.61 yuan [6].

Summary of Key Points from Conference Call Records Industry Overview - The focus is on the **robotics industry**, particularly in the context of service consumption and elderly care, with a significant financial initiative of **500 billion yuan** for service consumption and elderly care re-loans expected to accelerate the deployment of robots in these sectors [5][6]. Core Insights and Arguments - The **People's Bank of China**, along with other regulatory bodies, has introduced a financial policy package aimed at stabilizing the market, which includes the establishment of a **500 billion yuan** re-loan for service consumption and elderly care [5]. - **Li Lujing** from **Fangzheng Securities** believes that the robotics sector is gradually enhancing its operational capabilities to meet the growing demand for health and wellness solutions due to an aging population. The pace of implementation is expected to accelerate with policy support [5]. - According to the **World Health Organization**, the global population aged 60 and above is projected to reach **2.1 billion** by 2050, indicating a sustained increase in demand for health and wellness services [5]. - Elderly individuals often face mobility limitations and daily living challenges, creating a significant opportunity for **elderly care robots** to improve their quality of life [5]. Company-Specific Developments - **New Coordinates** has announced plans to establish a subsidiary, **Hangzhou Jiuyueba Precision Transmission Technology Co., Ltd.**, with a total investment of approximately **500 million yuan**. The company will hold a **77%** stake in this subsidiary [7]. - The subsidiary will focus on the research, production, and sales of precision transmission components, such as rolling ball screws, with strong complementary strengths among the shareholders [7]. - **Li Jinjing** from **Dongxing Securities** is optimistic about this investment, highlighting the potential for breakthroughs in the screw rod sector due to the combined expertise of the three shareholders [7]. - Profit forecasts for **New Coordinates** indicate expected net profits of **246 million yuan**, **285 million yuan**, and **331 million yuan** for the years 2025 to 2027, with corresponding price-to-earnings ratios of **25**, **22**, and **19** respectively [7]. Risk Factors - Risks associated with the robotics sector include: - The potential for humanoid robot applications to not meet expectations [7]. - The slower-than-expected cost reduction of core components for humanoid robots [7]. - Challenges in the training processes for robotic systems [7]. - For **New Coordinates**, risks include: - Lower-than-expected automotive demand [7]. - Insufficient promotion of company products [7]. - Significant increases in the prices of key raw materials [7]. Additional Important Information - The conference call also noted the adjustment of personal deposit rates by **Xinjiang Korla Fumin Village Bank**, indicating a trend of interest rate inversion in the banking sector [2]. - The stock performance of related companies showed mixed results, with **New Coordinates** increasing by **6.24%**, while others like **Weisi Medical** and **Explorer** experienced slight declines [8].

Core Insights - The Chinese commercial space industry is entering a critical phase of growth and transformation, marked by significant government support and technological advancements [1][5][9] - The industry has seen rapid expansion, with the number of registered commercial space companies increasing from fewer than 10 a decade ago to 546 by mid-2024 [5][6] - The market value of the commercial space industry is projected to grow from 1 trillion yuan in 2020 to approximately 2.3 trillion yuan in 2024, with a compound annual growth rate of 22.9% [5][10] Industry Growth and Development - The commercial space sector has been recognized as a new growth engine, with its inclusion in government work reports for two consecutive years [1][9] - The successful launch of the Hainan commercial space launch site marks a significant milestone, establishing a complete capability for executing launches [7][9] - The industry is transitioning from a phase of technological exploration to one of industrialization, with increasing participation from various stakeholders [9][12] Technological Advancements - Significant breakthroughs in reusable rocket technology are anticipated, with multiple commercial rockets expected to achieve their maiden flights by 2025 [6][12] - The production efficiency of satellites is improving, with companies like Galaxy Space achieving a manufacturing cycle reduction of up to 80% [10][11] - The rapid deployment of satellite constellations, such as the Qianfan constellation, is underway, with 54 satellites launched in just four months in 2024 [9][10] Investment and Funding - The commercial space industry is characterized by high capital requirements, with a need for substantial investment to support disruptive innovations [13][14] - Recent funding rounds, such as the nearly 500 million yuan raised by Deep Blue Aerospace, highlight investor confidence in the sector [11][12] - The industry is calling for more government orders and support to help private companies achieve profitability and foster innovation [14][15] Future Outlook - The next decade is expected to bring more significant milestones for the commercial space industry, with a focus on creating a more regulated environment and targeted policies [1][13] - The industry aims to enhance its global competitiveness and reduce launch costs, with projections suggesting costs could drop to below 10,000 yuan per kilogram [12][14] - The successful integration of commercial space capabilities into broader economic and technological frameworks is anticipated to drive further growth and innovation [1][9]

Group 1 - The core viewpoint of the report indicates that Dongxing Chemical's first-quarter performance turned profitable, with a revenue of 7.173 billion yuan, a year-on-year decrease of 4.48%, and a net profit of 151 million yuan, marking a turnaround from losses [2][18] - The agricultural chemical market remains challenging, with stable overall sales but declining prices due to oversupply and high interest rates abroad, leading to a reliance on timely procurement models [2][18] - The company has initiated the "Advancement Plan" to improve profits and cash flow from 2024 to 2026, focusing on financial management optimization, operational restructuring, and deepening value innovation in niche markets [2][18] Group 2 - Dongxing Chemical's differentiated product strategy is expected to drive long-term growth, with a new product introduction rate contributing 22% to sales in 2024 [3][19] - The company maintains a strong outlook, forecasting net profits of 79 million, 103 million, and 176 million yuan for 2025 to 2027, with corresponding EPS of 0.03, 0.04, and 0.08 yuan, and a current P/E ratio of 182, 141, and 82 times [3][19] Group 3 - Dongxing Electronics reported a first-quarter revenue of 347 million yuan, a year-on-year increase of 51.16%, and a net profit of 17.76 million yuan, up 55.88% [5][39] - The company has increased production capacity and successfully acquired Chongqing Zhiguan Technology, enhancing its functional materials business in the optical display sector [9][40] - The carbon fiber products have achieved mature mass production, with continuous market share growth, particularly in lightweight applications for consumer electronics [10][41] Group 4 - New and existing projects in Dongxing Chemical are progressing well, with significant growth in the vitamin and amino acid markets contributing to a 20.91% revenue increase to 5.440 billion yuan in the first quarter [21][22] - The company is expanding its product range through various projects, including a liquid amino acid project and a new materials project, which are expected to enhance its competitive position [22][23] - The forecast for net profits from 2025 to 2027 is set at 6.197 billion, 7.006 billion, and 7.796 billion yuan, with corresponding EPS of 2.02, 2.28, and 2.54 yuan, maintaining a strong recommendation rating [23]