| 证券代码：603089 | 证券简称：正裕工业 | 公告编号：2025-028 | | --- | --- | --- | | 债券代码：113561 | 债券简称：113561 | | 浙江正裕工业股份有限公司 关于召开2024年年度股东大会的通知 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、 召开会议的基本情况 (一)股东大会类型和届次 2024年年度股东大会 (四)现场会议召开的日期、时间和地点 涉及融资融券、转融通业务、约定购回业务相关账户以及沪股通投资者 的投票，应按照《上海证券交易所上市公司自律监管指引第 1 号 — 规范运 作》等有关规定执行。 (七)涉及公开征集股东投票权 无 召开的日期时间：2025 年 5 月 19 日 13 点 00 分 召开地点：浙江省玉环市经济开发区正裕路 1 号公司会议室 股东大会召开日期：2025年5月19日 本次股东大会采用的网络投票系统：上海证券交易所股东大会网络投票 系统 (二)股东大会召集人：董事会 (三)投票方式：本次股东大会所采用的表决方式是 ...

Financial Performance - The company's operating revenue for the first quarter reached CNY 615,936,361.58, representing a year-on-year increase of 46.14%[4] - Net profit attributable to shareholders was CNY 30,207,747.42, a significant increase of 95.11% compared to the same period last year[4] - Basic and diluted earnings per share both doubled to CNY 0.14, reflecting a 100% increase from the previous year[4] - Total revenue for Q1 2025 reached ¥615.94 million, a 46.1% increase from ¥421.46 million in Q1 2024[20] - Net profit for Q1 2025 was ¥36.61 million, up 80.0% from ¥20.36 million in Q1 2024[20] - Operating profit for Q1 2025 was ¥41.56 million, compared to ¥24.49 million in Q1 2024, reflecting a 69.9% increase[20] - Total comprehensive income for Q1 2025 was ¥36.55 million, compared to ¥19.09 million in Q1 2024, marking an increase of 91.5%[21] Cash Flow and Liquidity - The net cash flow from operating activities surged to CNY 97,460,290.45, marking a 245.89% increase year-on-year[4] - Cash flow from operating activities for Q1 2025 was ¥97.46 million, significantly higher than ¥28.18 million in Q1 2024[22] - Cash and cash equivalents at the end of Q1 2025 totaled ¥102.07 million, compared to ¥87.37 million at the end of Q1 2024[24] - The company reported a net cash outflow from investing activities of ¥37.72 million in Q1 2025, an improvement from a net outflow of ¥120.14 million in Q1 2024[23] - The company incurred a net cash outflow from financing activities of ¥67.78 million in Q1 2025, compared to a net inflow of ¥81.07 million in Q1 2024[24] Assets and Liabilities - Total assets at the end of the reporting period were CNY 3,452,759,246.68, a decrease of 1.18% from the end of the previous year[5] - The company's current assets increased to RMB 1,658,357,395.43 from RMB 1,616,046,184.80, representing a growth of about 2.49%[15] - The total liabilities decreased to RMB 2,011,225,981.32 from RMB 2,089,148,694.90, indicating a reduction of approximately 3.73%[17] - The company's cash and cash equivalents rose to RMB 170,637,563.47 from RMB 168,833,692.71, showing an increase of about 1.07%[15] - Accounts receivable decreased to RMB 679,367,879.61 from RMB 706,564,703.15, a decline of approximately 3.85%[15] - The non-current liabilities slightly increased to RMB 451,824,805.05 from RMB 449,699,028.62, reflecting a marginal rise of about 0.50%[17] Shareholder Equity - Shareholders' equity attributable to the parent company increased by 2.45% to CNY 1,261,908,927.91[5] - The total equity attributable to shareholders rose to RMB 1,261,908,927.91 from RMB 1,231,695,724.06, indicating an increase of about 2.45%[17] - The company's retained earnings increased to RMB 557,884,800.13 from RMB 527,677,052.71, marking a growth of approximately 5.73%[17] Operational Efficiency - The company reported a significant increase in sales volume, attributed to enhanced production capacity and operational efficiency[7] - Research and development expenses increased to ¥30.98 million in Q1 2025, up 45.9% from ¥21.24 million in Q1 2024[20] - The company reported a significant increase in inventory, which rose to RMB 633,422,143.43 from RMB 603,731,198.06, representing a growth of approximately 4.92%[15] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 12,469[9]

Investment Rating - The investment rating for Zhengyu Industrial (603089.SH) is not explicitly stated in the provided documents, but the report indicates a positive outlook on the company's performance and growth potential. Core Views - Zhengyu Industrial achieved a revenue of 2.3 billion yuan in 2024, representing a year-on-year growth of 31.0%, with a net profit attributable to the parent company of 70 million yuan, up 21.4% year-on-year [1] - The company is expected to continue its growth trajectory, with a projected net profit of 102 million yuan in 2025, reflecting a 42.6% increase [2][3] Summary by Relevant Sections Financial Performance - In Q4 2024, the company reported a revenue of 663 million yuan, a year-on-year increase of 37.2%, and a net profit of 25 million yuan, up 463.4% year-on-year [2] - The overall gross margin for 2024 was 24.1%, slightly down by 0.44 percentage points year-on-year, while the net profit margin improved to 4.0%, an increase of 0.51 percentage points [1] Business Segments - The shock absorber segment generated revenue of 1.64 billion yuan, a year-on-year increase of 32.1%, with a gross margin of 23.4% [2] - The engine sealing segment achieved revenue of 430 million yuan, up 20.2% year-on-year, with a gross margin of 34.5% [2] - The rubber shock absorber segment saw revenue of 200 million yuan, a significant increase of 50.4% year-on-year, turning profitable with a gross margin of 11.6% [2] Research and Development - The company has maintained a focus on R&D, with a commitment to developing advanced products such as rubber vibration dampers and electronically controlled shock absorbers [2] Earnings Forecast - The forecast for net profit attributable to the parent company is 102 million yuan for 2025, 114 million yuan for 2026, and 140 million yuan for 2027, with corresponding EPS of 0.46 yuan, 0.51 yuan, and 0.63 yuan respectively [2][3]

证券研究报告 信达证券股份有限公司 CINDA SECURITIES CO.,LTD 北京市西城区宣武门西大街甲127号金隅大厦B 座 邮编：100053 [Table_Title] 正裕工业（603089.SH）：产能爬坡带动业绩增 长，2024 全年业绩同比+21% 公司研究 [Table_ReportType] 公司点评报告 [Table_StockAndRank] 正裕工业（603089.SH） 投资评级 上次评级 [Table_Author] 邓健全 汽车行业首席分析师 执业编号：S1500525010002 联系电话：13613012393 邮 箱：dengjianquan@cindasc.com 赵悦媛 汽车行业联席首席分析师 执业编号：S1500525030001 联系电话：13120151000 邮 箱：zhaoyueyuan@cindasc.com 丁泓婧 汽车行业分析师 执业编号：S1500524100004 联系电话：13615852266 邮 箱：dinghongjing@cindas.com [Table_ReportDate] 2025 年 4 月 26 日 [Table_S 事 ...

| | | 浙江正裕工业股份有限公司 关于出售部分资产的进展公告 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： 交易内容：浙江正裕工业股份有限公司（以下简称"公司"）将位于玉环 市沙门镇长顺路 55 号的土地、厂房及附属设施、部分设备等转让给隆中控股集 团股份有限公司（以下简称"隆中控股"），交易价格为 17,750.00 万元（含税） 2 截至本公告披露日，公司已收到全额转让价款 17,750.00 万元，并已与 隆中控股完成交接手续，本次交易已完成 一、交易概述 根据公司整体战略和经营的需要，为进一步盘活存量资产、提高资产运营 效果、增强公司运营现金流，提高公司收入，在不影响公司正常运营的情况下， 经公司研究决定转让位于玉环市沙门镇长顺路 55 号的土地及厂房及附属设施、 部分设备（以下简称"标的资产"）。具体内容详见公司分别于 2025 年 1 月 22 日、2025 年 3 月 20 日在上海证券交易所（http://www.sse.com.cn）披露的 《关于出售部分资产的公告》（公告编号：2 ...

Group 1 - The company plans to provide a total guarantee amount not exceeding 400 million yuan for its subsidiaries in 2025, covering various financial instruments such as loans and performance guarantees [1][3] - The internal decision-making process for the guarantee has been approved by the board of directors and the supervisory board, and it will be submitted to the shareholders' meeting for final approval [2][9] - The company has a current guarantee balance of 190 million yuan, which accounts for 15.43% of the audited net assets from the previous year, with no overdue guarantees [12] Group 2 - The company has two main subsidiaries involved in the guarantee: Ningbo Hongyu Industrial Co., Ltd. and Wuhu Rongji Sealing Systems Co., Ltd., both of which have stable financial conditions and good credit status [4][6] - The guarantees are deemed necessary to support the subsidiaries' operational needs and align with the company's overall strategic interests [8][9] - The board of directors has confirmed that the guarantee does not harm the interests of the company or its shareholders [9] Group 3 - The company intends to engage in foreign exchange derivative transactions to mitigate exchange rate risks, with a total transaction amount not exceeding 12 million USD [14][18] - The foreign exchange derivative transactions will be conducted in compliance with national regulations and will not be speculative in nature [15][20] - The company has established risk control measures to manage potential market, operational, and performance risks associated with these transactions [22][24] Group 4 - The company has proposed to extend the authorization for the board of directors to issue shares through a simplified procedure, which requires approval from the shareholders' meeting [48][51] - The company aims to ensure the smooth progress of its financing activities by extending the authorization period until the next annual shareholders' meeting [51]

| | | 浙江正裕工业股份有限公司 第五届监事会第十二次会议决议公告 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个别及连带责任。 一、监事会会议召开情况 浙江正裕工业股份有限公司（以下简称"公司"）第五届监事会第十二次会 议通知和文件于2025年4月11日以电话、邮件方式送达公司全体监事，会议于2025 年4月21日在公司会议室以现场表决方式召开。会议应出席监事3人，实际出席监 事3人。会议由监事会主席杨华珍女士召集并主持，公司董事会秘书列席了本次 会议。本次会议的召集、召开及表决程序符合《中华人民共和国公司法》等法律、 法规、规范性文件以及《浙江正裕工业股份有限公司章程》（以下简称《公司章 程》）的有关规定。 表决结果：同意：3票 ；反对：0票；弃权：0 票。 本议案尚需提交公司2024年年度股东大会进行审议。 （二）审议通过《公司2024年度监事会工作报告》； 二、监事会会议审议情况 （一）审议通过《公司2024年度报告及其摘要》； 监事会认真审核了《公司2024年年度报告及其摘要》，认为： 公司年度报告的编制和审核程序符合相 ...

| | | 浙江正裕工业股份有限公司 第五届董事会第十七次会议决议公告 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个别及连带责任。 一、董事会会议召开情况 浙江正裕工业股份有限公司（以下简称"公司"）第五届董事会第十七次会 议通知和文件于2025年4月11日以电话、邮件方式送达公司全体董事，会议于2025 年4月21日在公司会议室以现场表决方式召开。 会议应出席董事7人，实际出席董事7人。会议由董事长郑念辉先生召集并主 持，公司监事、高级管理人员列席会议。本次会议的召集、召开及表决程序符合 《中华人民共和国公司法》等法律、法规、规范性文件以及《浙江正裕工业股份 有限公司章程》（以下简称《公司章程》）的有关规定。 二、董事会会议审议情况 （一）审议通过《公司2024年度董事会工作报告》； 2024年度，公司董事会严格遵守相关法律、法规及规章制度的要求，不断完 善公司法人治理结构、健全公司内控制度，持续深入开展公司治理活动，促进公 司规范运作，提升公司治理水平。同时，全体董事认真履行忠实和勤勉义务，严 格执行股东大会的各项决议，积极推进 ...

| 证券代码：603089 | 证券简称：正裕工业 | 公告编号：2025-017 | | --- | --- | --- | | 债券代码：113561 | 债券简称：正裕转债 | | 浙江正裕工业股份有限公司 2024 年年度利润分配方案公告 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： 每股分配比例：每股派发现金红利0.10元（含税）； 本次利润分配以实施权益分派股权登记日登记的总股本为基数，具体日期将在权 益分派实施公告中明确。在实施权益分派的股权登记日前公司总股本发生变动的，拟维持 每股分配比例不变，相应调整分配总额，并将在相关公告中披露。 本次利润分配方案不触及《上海证券交易所股票上市规则（2024年4月修订）》（以 下简称《股票上市规则》）第9.8.1条第一款第（八）项规定的可能被实施其他风险警示 的情形。 一、利润分配方案内容 （一）利润分配方案的具体内容 截至2024年12月31日，公司母公司报表中期末未分配利润为人民币312,956,793.22元。 经董事会决议，公司2024年年度 ...

| | | 浙江正裕工业股份有限公司 关于提请股东大会延长授权董事会办理 以简易程序向特定对象发行股票相关事宜的公告 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。 2024 年 12 月 27 日，公司召开第五届董事会第十三次会议和第五届监事会第九次会议， 审议通过了《关于公司 2024 年度以简易程序向特定对象发行股票竞价结果的议案》等议 案，同意公司以简易程序向特定对象发行股票的最终竞价结果，并同意公司与特定对象签 署附生效条件的股份认购协议。 1 截至目前，公司 2024 年度以简易程序向特定对象发行股票工作正在推进过程中。 二、延长股东大会授权有效期的具体事项 鉴于公司 2023 年年度股东大会授权董事会以简易程序向特定对象发行融资总额不超 过人民币 3 亿元且不超过最近一年末净资产 20%的股票的有效期即将到期，为确保本次发 行事宜的顺利推进，依照相关法律法规的规定，公司拟延长授权有效期至 2025 年年度股 东大会召开之日止。 该事项已经公司第五届董事会第十七次会议审议通过，尚需提交公司股东大会审议。 特此 ...