证券代码：603100 证券简称：川仪股份 公告编号：2025-033 重庆川仪自动化股份有限公司 （一）股份受让方和表决权受托方基本情况 | 名称 | 国机仪器仪表（重庆）有限公司 | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | | 统一社会信用代码 | 91500000MAEAUQPT2T | | | | | | | | 法定代表人 | 周开荃 | | | | | | | | 注册资本 | 20,000 万元人民币 | | | | | | | | 注册地址 | 重庆市两江新区星光大道 62 | 号 C | 区 | 2 | 楼 | 16-1 | 号 | 关于控股股东签署《股份转让框架协议的补充协议》《表决权委托协议》 暨控制权拟发生变更的进展公告 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法律责任。 重要内容提示： ? 2025 年 5 月 27 日，川仪股份直接控股股东四联集团与国机集团、国机 仪器仪表公司签署《股份转让框架协议的补充协议》，明确由国 ...

证券代码：603100 证券简称：川仪股份 公告编号：2025-033 重庆川仪自动化股份有限公司 关于控股股东签署《股份转让框架协议的补充协议》《表决权委托协议》 暨控制权拟发生变更的进展公告 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法律责任。 重要内容提示： 2025 年 5 月 27 日，川仪股份直接控股股东四联集团与国机集团、国机 仪器仪表公司签署《股份转让框架协议的补充协议》，明确由国机集团新设全 资子公司国机仪器仪表公司受让四联集团所持公司 98,841,678 股股份（占公司 总股本的 19.26%）；公司间接控股股东渝富控股与国机集团、国机仪器仪表 公司签署《表决权委托协议》，渝富控股拟将其所持公司 54,668,322 股股份对 应的表决权（占公司表决权总数的 10.65%）按约定的条件和条款委托给国机 仪器仪表公司行使。 本次交易不触及要约收购。本次交易完成后，国机仪器仪表公司将合 计持有公司 153,510,000 股股份对应的表决权（占公司表决权总数的 29.91%）， 四联集团及其一致行动人将合计持有公司 ...

Investment Rating - The report maintains a "Buy" rating for the company [7][8]. Core Insights - The company achieved a revenue of 7.592 billion yuan in 2024, representing a year-on-year increase of 2.44%, and a net profit attributable to shareholders of 778 million yuan, up 4.60% year-on-year [3][4]. - The company is benefiting from the trend of domestic substitution, particularly in the industrial automation instruments and composite materials sectors, which have shown steady growth [3][4]. - The company is focusing on expanding its market presence and enhancing its product offerings to meet the demand for high-end equipment and domestic alternatives [5]. Financial Performance - In 2024, the company reported a gross margin of 33.09%, a decrease of 0.93 percentage points year-on-year, attributed to changes in product mix and rising raw material costs [4]. - The company’s operating revenue is projected to grow to 8.193 billion yuan in 2025, with a year-on-year growth rate of 7.92% [10][11]. - The net profit attributable to shareholders is expected to reach 855 million yuan in 2025, reflecting a growth rate of 9.89% [10][11]. Market Expansion - The company has successfully increased its orders from major clients, with new orders from the "Three Barrels of Oil" up by 30% year-on-year, and significant growth in engineering support orders [5]. - The company is actively exploring overseas markets, particularly in Southeast Asia and the Middle East, achieving a 50% increase in new orders amounting to 700 million yuan [5]. Valuation Metrics - The company’s projected P/E ratios for 2025, 2026, and 2027 are 12.56, 11.10, and 10.04, respectively, indicating a favorable valuation outlook [8][10].

Investment Rating - The report maintains a "Buy" rating for the company [7][8]. Core Views - The company achieved a revenue of 7.592 billion yuan in 2024, a year-on-year increase of 2.44%, and a net profit attributable to shareholders of 778 million yuan, up 4.60% year-on-year [3][4]. - The company is benefiting from the trend of domestic substitution, particularly in the industrial automation instruments and composite materials sectors, which have shown steady growth [4][5]. - The company is focusing on expanding its market presence and increasing domestic substitution efforts, with significant orders from major clients like the "Three Barrels of Oil" increasing by 30% year-on-year [5][6]. Financial Performance - The company reported a gross margin of 33.09% in 2024, a decrease of 0.93 percentage points year-on-year, attributed to changes in product mix and rising raw material costs [4]. - The company’s operating revenue is projected to grow to 8.193 billion yuan in 2025, with a year-on-year growth rate of 7.92% [10][11]. - The net profit attributable to shareholders is expected to reach 855 million yuan in 2025, reflecting a growth rate of 9.89% [10][11]. Product Performance - Revenue from industrial automation instruments and devices reached 6.750 billion yuan in 2024, with a year-on-year growth of 2.3% [4]. - The company has successfully replaced imports with several high-end products in the oil and gas sector, including PDS high-frequency ball valves and high-pressure oxygen control valves [5][6]. Market Expansion - The company is actively exploring overseas markets, particularly in Southeast Asia and the Middle East, achieving a 50% year-on-year increase in new orders amounting to 700 million yuan [5][6].

Core Viewpoint - Chuan Yi Co., Ltd. (川仪股份) reported a decline in net profit attributable to shareholders after deducting non-recurring gains and losses for the first time since 2019, despite a year-on-year increase in operating revenue [1][8]. Financial Performance - In 2024, Chuan Yi achieved operating revenue of 7.592 billion yuan, a year-on-year increase of 2.44%, and a net profit attributable to shareholders of 778 million yuan, up 4.60% year-on-year [5][8]. - The net profit after deducting non-recurring gains and losses was 643 million yuan, showing a slight decline of 0.39% year-on-year [8]. - In Q1 2025, the company reported operating revenue of 1.448 billion yuan and a net profit after deducting non-recurring gains and losses of 91 million yuan, representing year-on-year decreases of 7.63% and 26.16%, respectively [8]. Industry Context - The downstream sectors served by Chuan Yi, including petrochemicals, metallurgy, electricity, and nuclear industries, are experiencing cyclical impacts, leading to fluctuations in demand for the company's products [8]. - Current challenges in the downstream industries include supply-demand imbalances, reduced or delayed new projects, and declining profitability, which affect market expansion and order acquisition [8]. Strategic Initiatives - The company is focusing on exploring existing market potential from both depth and breadth, while also paying attention to emerging fields and markets [9]. - Chuan Yi plans to enhance collaboration with its future controlling shareholder, China National Machinery Industry Corporation (国机集团), to strengthen technological innovation, market development, and overseas expansion [11]. Shareholder Changes - Chuan Yi is undergoing a significant change in control, with a framework agreement signed for the transfer of 19.25% of shares from its current controlling shareholder to 国机集团, which aims to acquire control of the company [10]. - The new controlling shareholder is expected to enhance synergy across various business aspects, including technology and market collaboration [11].

证券代码：603100 证券简称：川仪股份 公告编号：2025-032 重庆川仪自动化股份有限公司 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 15 日 (二)股东大会召开的地点：重庆川仪自动化股份有限公司两江新区工业园科研楼 一楼会议厅（重庆市两江新区黄山大道 61 号） (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 | 192 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 297,963,184 | | 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 | | | 份总数的比例（%） | 58.0597 | (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。 1、 议案名称：《关于公司 2024 年度财务决算报告的议案》 审议结果：通过 表决情况： ...

国浩律师(上海)事务所 关于 重庆川仪自动化股份有限公司 2024 年年度股东大会 之 法律意见书 國浩律師事務所 GRANDALL LAW FIRM 上海市静安区山西北路 99 号苏河湾中心 MT25-28 楼 邮编：200085 25-28/F, Suhe Centre, 99 North Shanxi Road, Jing'an District, Shanghai, China 电话/Tel: (+86)(21) 5234 1668 传真/Fax: (+86)(21) 5234 1670 网址/Website: http://www.grandall.com.cn 二〇二五年五月 国浩律师(上海)事务所 法律意见书 国浩律师(上海)事务所 关于重庆川仪自动化股份有限公司 2024 年年度股东大会 之 法律意见书 致:重庆川仪自动化股份有限公司 作为具有从事中国法律业务资格的律师事务所,国浩律师(上海)事务所(以 下简称"本所"）接受重庆川仪自动化股份有限公司（以下简称"公司"）的委托， 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》"）等法律法 ...

Core Viewpoint - Chongqing Chuan Yi Automation Co., Ltd. reported a revenue of 7.592 billion yuan, an increase of 2.44%, and a net profit of 778 million yuan, an increase of 4.60% for the year 2024 [2][3]. Financial Performance - The company achieved a revenue of 7.592 billion yuan in 2024, up 2.44% from 2023, driven by a competitive market and a focus on core customer strategies [3][4]. - The net profit attributable to shareholders was 778 million yuan, reflecting a 4.60% increase year-on-year [4]. - The net profit after deducting non-recurring gains and losses was 643 million yuan, remaining stable compared to the previous year [4]. - The net cash flow from operating activities decreased by 31.81% to 482 million yuan [4]. Business Segments - The main business includes industrial automation control systems and engineering packages, with the industrial automation segment accounting for 88.9% of revenue and electronic information functional materials accounting for 10.4% [5]. - The industrial automation instruments and devices segment saw a revenue increase of 2.30%, while the electronic information functional materials segment grew by 9.26% [6][7]. Revenue by Product - Revenue from industrial automation instruments was 6.749 billion yuan, with a gross margin of 33.96%, but the gross margin decreased by 1.12 percentage points [7]. - Revenue from composite materials increased by 9.26%, with a gross margin increase of 0.65 percentage points [9]. - Revenue from electronic devices decreased by 5.65%, but the gross margin increased by 3.49 percentage points [9]. Regional Performance - Revenue in southern regions grew by 3.92%, while northern regions saw a 0.75% increase [10]. - Export revenue decreased by 19.04% due to international conditions affecting overseas payments [11]. Future Outlook - The company aims to achieve a revenue target of 8 billion yuan and a profit target of 808 million yuan in 2025 by expanding into various markets including petrochemicals and environmental protection [14].

Core Insights - The digital transformation of petrochemical equipment is crucial for enhancing production efficiency and ensuring safety in operations [1][2] - The integration of digital technologies across all stages of production and operation is reshaping the petrochemical industry [2][4] - The Chinese government is promoting the safety renovation of outdated petrochemical facilities as part of a broader strategy for sustainable development [1][2] Industry Developments - Digital technologies have been implemented in various scenarios, significantly improving production efficiency and product performance [2] - Companies like Chongqing Chuan Yi Automation Co., Ltd. have developed multiple products that break foreign technology monopolies, leading to the establishment of smart factories and digital production lines [2][3] - Jiangsu Huaying Valve Industry Co., Ltd. has utilized advanced computer technologies to enhance manufacturing efficiency and quality through interconnected data systems [3] Technological Advancements - High-precision and reliable smart instruments are essential for the digital and intelligent transformation of the petrochemical industry [4] - The application of digital technologies in equipment integrity management includes lifecycle optimization, real-time risk control, predictive maintenance, and data-driven decision-making [4] - The implementation of a two-level precision inspection system at Lanzhou Petrochemical has improved fault diagnosis accuracy from 10% to 75% [4] Challenges and Solutions - The industry faces challenges such as data silos, low interoperability of digital systems, and the need for comprehensive system redesigns [5][6] - The development of centralized control platforms for equipment management has shown to enhance operational efficiency and risk management [6] - Experts emphasize the importance of focusing on core data and key parameters rather than merely pursuing big data [7] Future Outlook - The transformation in the petrochemical sector is not just a technological upgrade but a comprehensive restructuring of production models, management thinking, and industrial ecosystems [7] - Continued improvement of standard systems and cross-industry collaboration will further support the digital transformation and high-quality development of the petrochemical industry [7]

证券代码：603100 证券简称：川仪股份 公告编号：2025-029 重庆川仪自动化股份有限公司 第六届董事会第六次会议决议公告 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法律责任。 一、董事会会议召开情况 重庆川仪自动化股份有限公司（以下简称"公司"或"川仪股份"）第六 届董事会第六次会议于 2025 年 4 月 28 日以现场结合通讯表决方式在公司会议 室召开，会议通知及相关资料已于 2025 年 4 月 25 日以电子邮件方式通知全体 董事。本次会议应参加董事 10 名，实际参加董事 10 名，其中 2 名董事现场参 会，8 名董事以通讯表决方式参会。本次董事会由董事吴正国先生主持。公司 部分监事、高级管理人员、相关部门负责人列席会议。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》和公司章程的有关规定，合法有效。 （一）《关于公司 2025 年第一季度报告的议案》 同意公司 2025 年第一季度报告。 本议案已经公司第六届董事会审计委员会 2025 年第二次定期会议审议通 过，并同意提交董事会审议。 表决结果： ...