证券代码：603085 证券简称：天成自控 浙江天成自控股份有限公司 （浙江省天台县西工业区） 2024 年度以简易程序向特定对象发行股票 方案论证分析报告 （修订稿） 二〇二四年五月 浙江天成自控股份有限公司（以下简称"天成自控"、"公司"）为上海证券 交易所主板上市公司。为满足公司业务发展的资金需求、增强公司的资本实力、 提升盈利能力，根据《中华人民共和国公司法》《中华人民共和国证券法》和 《上市公司证券发行注册管理办法》等有关法律、行政法规、部门规章或规范 性文件和《公司章程》的规定，公司拟以简易程序向特定对象发行股票，并编 制本方案论证分析报告。 本论证分析报告中如无特别说明，相关用语具有与《浙江天成自控股份有 限公司 2024 年度以简易程序向特定对象发行股票预案（修订稿）》中相同的含 义。 一、本次发行的背景和目的 （一）本次发行的背景 公司自成立以来持续拓展座椅领域，目前产品已经涵盖乘用车领域、航空 领域、工程商用车领域、儿童座椅领域等并与与国内主要乘用车厂商、工程机 械设备厂商建立了稳定的业务联系。 公司自 2016 年进入乘用车座椅领域以来，在技术研发、客户开拓等方面已 经实现持续突破，公司 ...

浙江天成自控股份有限公司 2023 年年度股东大会资料 浙江天成自控股份有限公司 （浙江省天台县西工业区） 2023 年年度股东大会 会议资料 2024 年 5 月 17 日 浙江天成自控股份有限公司 2023 年年度股东大会资料 浙江天成自控股份有限公司 2023 年年年度股东大会现场会议议程 一、与会人员签到； 二、大会主持人宣布会议开始，介绍本次股东大会的出席情况； 三、宣读公司 2023 年年度股东大会会议须知； 四、选举监票、记票人员； 五、宣读本次会议议案内容： 1、《2023 年度董事会工作报告》； 2、《2023 年度监事会工作报告》； 3、《2023 年度利润分配方案》； 4、《2023 年度财务决算报告》； 5、《关于公司及控股子公司向金融机构申请 2024 年度综合授信额度及提 供相应担保事项的议案》； 6、《关于拟定 2024 年对子公司担保额度的议案》； 7、《关于聘请 2024 年度审计机构的议案》； 8、《2023 年年度报告及摘要》； 9、《关于延长公司以简易程序向特定对象发行股票方案及延长授权有效期 的议案》。 六、股东发言及提问； 七、逐项对议案进行表决； 八、统计表决结果 ...

Investment Rating - The report maintains a rating of "Accumulate" for the company with a target price of 12.91, while the current price is 9.96 [9][16]. Core Views - The company's performance in Q1 2024 met expectations, with a revenue of 36.7 million, representing a year-on-year increase of 31.9% and a net profit of 10.02 million, up 423% year-on-year [15]. - The company achieved a revenue of 1.43 billion in 2023, a slight increase of 0.1% year-on-year, and turned a profit with a net profit of 14.17 million [15]. - The passenger car seat business is expected to be a significant growth driver, with ongoing projects and orders contributing to revenue growth [15]. Financial Summary - Revenue is projected to grow from 1.43 billion in 2023 to 1.95 billion in 2024, reflecting a growth rate of 37% [4][20]. - The company is expected to achieve an EBIT of 130 million in 2024, a significant increase from 3 million in 2023 [4][20]. - The net profit is forecasted to rise to 96 million in 2024, compared to 14 million in 2023, indicating a growth rate of 580% [4][20]. Profitability and Valuation Metrics - The gross margin for 2023 was 20.7%, an increase of 6.6 percentage points year-on-year [15]. - The company’s PE ratio is projected to decrease from 276.01 in 2023 to 40.62 in 2024, indicating improved valuation [4][20]. - The return on equity (ROE) is expected to rise from 1.6% in 2023 to 9.8% in 2024 [4][20].

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个别及连带责任。 重要内容提示： 2023 年度利润分配预案为：不进行利润分配，亦不进行资本公积金转 增股本。 本次利润分配预案已经公司第五届董事会第七次会议、第五届监事会第 六次会议审议通过，尚需提交公司股东大会审议。 一、公司 2023 年度利润分配方案内容 浙江天成自控股份有限公司（以下简称"公司"）经天健会计师事务所（特 殊普通合伙）审计，公司 2023 年度实现归属于上市公司股东的净利润 1,417.15 万元，截至 2023 年 12 月 31 日，母公司可分配利润-26,323.36 万元。 证券代码：603085 证券简称：天成自控 公告编号：2024-035 浙江天成自控股份有限公司 关于公司 2023 年度拟不进行利润分配的公告 （二）监事会意见 鉴于公司 2023 年度可供分配利润为负数，不满足《公司章程》规定的现金 利润分配条件，公司于 2024 年 4 月 26 日召开第五届董事会第七次会议和第五届 监事会第六次会议，审议通过了《2023 年度利润分配预案》，公司 ...

Financial Performance - The company achieved an operating revenue of approximately 1.43 billion RMB in 2023, a slight increase of 0.14% compared to 2022[30]. - The net profit attributable to shareholders was 14.17 million RMB, a significant turnaround from a loss of 273.24 million RMB in 2022[30]. - The weighted average return on equity increased to 1.58%, up by 29.62 percentage points from -28.04% in the previous year[21]. - The main business revenue was approximately 1.36 billion RMB, showing a slight growth compared to the previous year[30]. - The company's total revenue for 2023 was approximately CNY 1.43 billion, showing a slight increase of 0.14% compared to the previous year[61]. - The commercial vehicle seat business experienced a revenue growth of 51.71%, compensating for declines in the engineering machinery and aviation seat sectors[61]. - The revenue from commercial vehicle seats increased by 51.71% to ¥387,883,793.40, with a gross margin of 20.45%[65]. - The sales revenue from the top five customers reached 701.32 million yuan, accounting for 51.44% of the total annual sales[74]. Assets and Liabilities - The total assets of the company increased by 9.27% to approximately 2.61 billion RMB at the end of 2023[20]. - The company’s net assets attributable to shareholders decreased by 3.38% to approximately 882.09 million RMB at the end of 2023[20]. - The company held 255.79 million yuan in overseas assets, which accounted for 9.82% of total assets[81]. - The company experienced a 960.49% increase in short-term borrowings due within one year, amounting to 126.80 million yuan[80]. Cash Flow - The cash flow from operating activities decreased by 44.06% to approximately 50.06 million RMB compared to the previous year[20]. - The net cash flow from operating activities decreased by 44.06% to 50.06 million yuan, mainly due to increased employee compensation and tax payments[78]. - The cash flow from financing activities increased by 22.37% to ¥63,792,965.21, indicating a positive trend in capital raising efforts[63]. Corporate Governance - The company maintained strict compliance with corporate governance regulations, ensuring no significant discrepancies with the requirements set by the China Securities Regulatory Commission[137]. - The company’s major shareholder and actual controller do not engage in similar business activities, preserving the company's independence in assets, personnel, finance, and operations[138]. - The company held its first extraordinary shareholders' meeting in 2023 on February 27, approving several key proposals including an investment agreement with the Chuzhou Economic and Technological Development Zone Management Committee[139]. - The total pre-tax remuneration for the board members and senior management for the reporting period amounted to CNY 561.76 million, with no changes in shareholding for the directors[140]. Environmental Responsibility - The company invested 287,500 RMB in environmental protection during the reporting period[178]. - The company reduced carbon emissions by 6,548 tons through the use of clean energy generation, with a total installed capacity of 9.3 megawatts from rooftop solar panels[185]. - The company strictly adhered to wastewater and air emission standards, with a total COD discharge limit of 2.263 tons and ammonia nitrogen of 0.113 tons[179]. - The company has not faced any administrative penalties related to environmental issues during the reporting period[183]. Market and Industry Trends - In 2023, China's automobile sales reached 30.094 million units, a year-on-year increase of 12%, with passenger car sales at 26.063 million units, up 10.6%[33]. - The engineering machinery industry faced a downturn, with excavator sales dropping by 25.4% to 195,018 units, while the commercial vehicle market rebounded with production and sales of 4.037 million units, up 26.8%[34]. - The global aviation industry began to recover, with the company's S9 series seats selected by JET2 for 147 aircraft, contributing to a backlog of orders for future growth[36]. - The production and sales of new energy vehicles in China reached 9.59 million and 9.49 million units in 2023, with year-on-year growth of 35.8% and 37.9%, achieving a market share of 31.6%[88]. Strategic Initiatives - The company plans to focus on new projects and serve major clients to enhance market presence and revenue growth in the commercial vehicle sector[30]. - The company aims to achieve an annual production and sales scale exceeding 2 million sets of passenger car seats, targeting a market share of over 10%[109]. - The company plans to invest in overseas seat production bases to expand its international market presence[109]. - The company is actively expanding its production capabilities across multiple locations, including automotive and aviation sectors, to enhance market presence[102]. Research and Development - The company has multiple R&D centers in Shanghai, Zhejiang, and London, focusing on advanced materials and technologies for seat manufacturing[57]. - The total R&D investment amounted to 826.21 million yuan, representing 5.79% of the operating revenue[75]. - The company is enhancing its organizational structure to build a leading passenger car seat R&D system, establishing research branches in Guangdong and Wuhan[126]. Compliance and Legal Matters - The company is currently involved in a significant lawsuit against Zhidou Electric Vehicle Co., Ltd. for unpaid debts, with a court ruling made in April 2019[200]. - The company has adopted new accounting policies effective January 1, 2023, including the implementation of the Ministry of Finance's "Interpretation No. 16" and "Interpretation No. 17," which have no impact on the financial statements[196]. Shareholder Relations - The company has established a cash dividend policy that is compliant with regulations and has been approved by the shareholders' meeting, ensuring clarity in dividend standards and procedures[167]. - The company has developed a three-year shareholder dividend return plan for 2024-2026, which has been approved by the shareholders' meeting[168].

Financial Performance - The company's operating revenue for Q1 2024 was CNY 367,499,926.73, representing a year-on-year increase of 31.89%[5] - Net profit attributable to shareholders reached CNY 10,020,129.53, a significant increase of 427.77% compared to the same period last year[5] - The net profit after deducting non-recurring gains and losses was CNY 10,372,657.87, reflecting a growth of 459.53% year-on-year[5] - Basic earnings per share (EPS) was CNY 0.03, marking a 200.00% increase from the previous year[6] - Total operating revenue for Q1 2024 reached ¥367.50 million, a 32.0% increase from ¥278.63 million in Q1 2023[17] - Net profit for Q1 2024 was ¥10.02 million, compared to ¥1.90 million in Q1 2023, representing a significant increase of 426.5%[18] - Basic and diluted earnings per share for Q1 2024 were both ¥0.03, up from ¥0.01 in Q1 2023[19] - The company reported a total comprehensive income of ¥9.37 million for Q1 2024, compared to ¥0.40 million in Q1 2023[19] Assets and Liabilities - The total assets at the end of the reporting period were CNY 2,644,032,690.02, up 1.46% from the end of the previous year[6] - As of March 31, 2024, the total assets of the company amounted to RMB 2,644,032,690.02, an increase from RMB 2,605,915,138.94 at the end of 2023, reflecting a growth of approximately 1.46%[16] - The company's current assets totaled RMB 1,255,964,167.10, a decrease from RMB 1,276,594,024.45, indicating a decline of about 1.57%[14] - Total liabilities rose to RMB 1,752,604,177.97 from RMB 1,723,822,413.68, marking an increase of about 1.67%[15] - The company's equity attributable to shareholders increased to RMB 891,428,512.05 from RMB 882,092,725.26, reflecting a growth of approximately 1.52%[15] Cash Flow and Expenses - Cash flow from operating activities for Q1 2024 was ¥24.48 million, a turnaround from a negative cash flow of ¥7.44 million in Q1 2023[21] - Cash and cash equivalents decreased to RMB 132,276,418.79 from RMB 161,274,511.61, representing a decline of approximately 18%[13] - Cash and cash equivalents at the end of Q1 2024 were ¥23.23 million, down from ¥77.94 million at the end of Q1 2023[22] - The company incurred financial expenses of ¥4.75 million in Q1 2024, compared to a financial income of ¥0.33 million in Q1 2023[17] - The company’s tax expenses for Q1 2024 were ¥3.21 million, significantly higher than ¥0.85 million in Q1 2023[18] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 19,332[10] - The largest shareholder, Zhejiang Tiancheng Ke Investment Co., Ltd., held 41.20% of the shares, with 26,874,566 shares pledged[10] Operational Highlights - The increase in operating revenue was primarily driven by a 53.5% growth in domestic passenger car seat sales and a 135.1% increase in sales from the UK subsidiary's aircraft seat business[7] - The company received government subsidies amounting to CNY 693,494.75, which are closely related to its normal business operations[7] - Research and development expenses for Q1 2024 were ¥19.78 million, slightly up from ¥19.77 million in Q1 2023[17] - The company reported a net loss of RMB 488,232,321.09, an improvement from a loss of RMB 498,252,450.62 in the previous period[15] - The company’s short-term borrowings decreased to RMB 137,867,150.42 from RMB 149,912,986.67, a decline of about 8%[14] - The company’s total current liabilities increased to RMB 1,354,451,478.12 from RMB 1,302,911,671.59, indicating an increase of approximately 3.95%[15] - Total operating costs for Q1 2024 were ¥360.94 million, up 30.0% from ¥277.91 million in Q1 2023[17] - Accounts receivable decreased to RMB 417,689,463.26 from RMB 466,303,253.85, a reduction of about 10.4%[13] - Inventory increased to RMB 509,740,025.49 from RMB 415,982,435.45, showing an increase of approximately 22.5%[13]

目 录 一、募集资金年度存放与使用情况鉴证报告………………………第 1—2 页 募集资金年度存放与使用情况鉴证报告 天健审〔2024〕4685 号 浙江天成自控股份有限公司全体股东： 我们鉴证了后附的浙江天成自控股份有限公司（以下简称天成自控公司）管 理层编制的 2023 年度《关于募集资金年度存放与使用情况的专项报告》。 一、对报告使用者和使用目的的限定 本鉴证报告仅供天成自控公司年度报告披露时使用，不得用作任何其他目的。 我们同意将本鉴证报告作为天成自控公司年度报告的必备文件，随同其他文件一 起报送并对外披露。 二、关于募集资金年度存放与使用情况的专项报告 ……………第 3—15 页 二、管理层的责任 天成自控公司管理层的责任是提供真实、合法、完整的相关资料，按照《上 市公司监管指引第 2 号——上市公司募集资金管理和使用的监管要求（2022 年 修订）》（证监会公告〔2022〕15 号）和《上海证券交易所上市公司自律监管 指引第 1 号——规范运作（2023 年 12 月修订）》（上证发〔2023〕193 号）的 规定编制《关于募集资金年度存放与使用情况的专项报告》，并保证其内容真实、 准确、完整，不存 ...

我们的责任是在实施审计工作的基础上，对财务报告内部控制的有效性发表 审计意见，并对注意到的非财务报告内部控制的重大缺陷进行披露。 三、内部控制的固有局限性 目 录 一、内部控制审计报告…………………………………………第 1—2 页 内部控制审计报告 天健审〔2024〕4701 号 浙江天成自控股份有限公司全体股东： 按照《企业内部控制审计指引》及中国注册会计师执业准则的相关要求，我 们审计了浙江天成自控股份有限公司（以下简称天成自控公司）2023 年 12 月 31 日的财务报告内部控制的有效性。 一、企业对内部控制的责任 按照《企业内部控制基本规范》《企业内部控制应用指引》以及《企业内部 控制评价指引》的规定，建立健全和有效实施内部控制，并评价其有效性是天成 自控公司董事会的责任。 二、注册会计师的责任 二〇二四年四月二十六日 第 2 页 共 2 页 内部控制具有固有局限性，存在不能防止和发现错报的可能性。此外，由于 情况的变化可能导致内部控制变得不恰当，或对控制政策和程序遵循的程度降低， 根据内部控制审计结果推测未来内部控制的有效性具有一定风险。 四、财务报告内部控制审计意见 我们认为，天成自控公司于 2 ...

一、独立董事的基本情况 （一）个人履历情况 浙江天成自控股份有限公司 2023 年度独立董事述职报告 作为浙江天成自控股份有限公司（以下简称"公司"）的独立董事，在 2023 年独立董事的相关工作中，本人严格按照《公司法》、《证券法》、《上市公 司治理准则》、《上市公司独立董事管理办法》等有关法律法规以及《公司章程》 等规章制度的规定，本着对全体股东负责的态度，勤勉尽责、审慎行使公司和 股东所赋予的权利，积极参加公司股东大会和董事会会议，认真审议议案并发 表意见，充分发挥了独立董事的作用，维护了全体股东尤其是中小股东的合法 权益。现将 2023 年度本人的履职情况汇报如下： 2023 年 6 月公司完成董事会换届，本人担任第五届董事会独立董事，基本 情况如下： 张新丰先生，独立董事，1980 年出生，中国国籍，无永久境外居留权，清 华大学博士研究生学历。2009 年 12 月-2018 年 12 月 同济大学新能源汽车工程中 心燃料电池系统部部长，汽车学院院长助理； 2019 年 1 月-2021 年 1月东风汽车 集团有限公司前瞻技术研究院担任副总工程师/总监；2021 年 1 月-2022 年 3 月 任 ...

浙江天成自控股份有限公司 2023 年度独立董事述职报告 作为浙江天成自控股份有限公司（以下简称"公司"）的独立董事，在 2023 年独立董事的相关工作中，本人严格按照《公司法》、《证券法》、《上市公 司治理准则》、《上市公司独立董事管理办法》等有关法律法规以及《公司章程》 等规章制度的规定，本着对全体股东负责的态度，勤勉尽责、审慎行使公司和 股东所赋予的权利，积极参加公司股东大会和董事会会议，认真审议议案并发 表意见，充分发挥了独立董事的作用，维护了全体股东尤其是中小股东的合法 权益。现将 2023 年度本人的履职情况汇报如下： 一、独立董事的基本情况 （一）个人履历情况 本人系公司第四届独立董事，公司于 2023 年 6 月完成董事会换届，本人不 再继续担任公司第五届独立董事。 许述财先生，独立董事，1978 年出生，中国国籍，无永久境外居留权，助 理研究员、硕士研究生导师。2007 年-2010 年清华大学汽车系博士后，2010 年 至今在清华大学汽车系担任副研究员、硕士研究生导师，担任清华大学《汽车 安全与节能学报》编辑部主任、清华大学苏州汽车研究院院长助理等职务。 2017 年 4 月至 2023 ...