证券代码：603129 证券简称：春风动力 公告编号：2025-003 浙江春风动力股份有限公司 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。 第六届监事会第二次会议决议公告 一、监事会会议召开情况 浙江春风动力股份有限公司（以下简称"公司"）全体监事同意豁免会议通知 时间要求，第六届监事会第二次会议的会议通知于 2025 年 2 月 6 日以通讯方式 发出，会议于 2025 年 2 月 6 日以现场结合通讯会议方式召开【现场会议地址： 浙江春风动力股份有限公司会议室（浙江省杭州市临平区余杭经济开发区绿洲路 16 号），现场会议时间：2025 年 2 月 6 日 17:00 时】。会议应出席监事 3 名， 实际出席监事 3 名，本次会议由监事会主席钱朱熙女士主持。会议的通知、召集、 召开和表决程序符合《中华人民共和国公司法》（以下简称"《公司法》"）、《公 司章程》等有关法律、法规的规定。 二、监事会会议审议情况 会议以记名和书面的方式，审议了如下议案： （一）审议通过《关于调整 2021 年股票期权激励计划及 2022 年 ...

证券代码：603129 证券简称：春风动力 公告编号：2025-002 浙江春风动力股份有限公司 第六届董事会第二次会议决议公告 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 浙江春风动力股份有限公司（以下简称"公司"）全体董事同意豁免会议通知 时间要求，第六届董事会第二次会议的会议通知于 2025 年 2 月 6 日以通讯方式 发出，会议于 2025 年 2 月 6 日以现场结合通讯会议方式召开【现场会议地址： 浙江春风动力股份有限公司会议室（浙江省杭州市临平区余杭经济开发区绿洲路 16 号），现场会议时间：2025 年 2 月 6 日 16:00 时】。会议应出席董事 9 名，实 际出席董事 9 名，会议由董事长赖民杰先生主持。会议的通知、召集、召开和表 决程序符合《中华人民共和国公司法》（以下简称"《公司法》"）、《公司章程》 等有关法律、法规的规定。 二、董事会会议审议情况 表决结果为：9 票同意，0 票反对，0 票弃权，0 票回避。 （二）审议通过《关于注销 2021 年股票期权激励计划第三 ...

Investment Rating - The investment rating for Chunfeng Power (603129.SH) is not explicitly stated in the provided documents, but the report indicates a positive outlook based on performance metrics and market position. Core Viewpoints - Chunfeng Power expects a significant increase in net profit for 2024, projecting a range of CNY 1.42 billion to CNY 1.56 billion, representing a year-on-year growth of 40.9% to 54.8% [2][4] - The company is leading in the large-displacement motorcycle market, with a projected sales volume of 83,000 units for motorcycles over 250cc in 2024, and it ranks first in the 200cc and above segment with 114,000 units registered [4] - Chunfeng Power has accelerated its global expansion, covering over 100 countries and regions, with a significant presence in the all-terrain vehicle (ATV) market, maintaining the top market share in Europe for over a decade [4] Summary by Sections Financial Performance - The total revenue for Chunfeng Power is projected to reach CNY 15 billion in 2024, with a year-on-year growth rate of 24% [5] - The net profit attributable to the parent company is expected to be CNY 1.6 billion in 2024, with a growth rate of 54.7% [5] - The gross profit margin is forecasted to be 32.2% in 2024, slightly decreasing from 33.5% in 2023 [5] Market Position - The company is experiencing strong growth in the large-displacement motorcycle segment, with a year-on-year increase in production and sales of 49.7% and 43.0%, respectively [4] - Chunfeng Power's ATV exports accounted for 71.75% of its total product exports in the first half of 2024, indicating robust international demand [4] Profit Forecast - The projected net profits for Chunfeng Power from 2024 to 2026 are CNY 1.6 billion, CNY 1.9 billion, and CNY 2.2 billion, respectively, with corresponding EPS of CNY 10.29, CNY 12.46, and CNY 14.57 [4][5]

Investment Rating - The report maintains a "Recommended" rating for the company, indicating an expected relative price increase of over 15% compared to the benchmark index [5][10]. Core Insights - The company is projected to achieve a net profit attributable to shareholders of 14.2 to 15.6 billion yuan in 2024, representing a year-on-year increase of 40.9% to 54.8% [1]. - The fourth quarter of 2024 is expected to see a net profit of 3.4 to 4.8 billion yuan, with a year-on-year growth of 98.7% [1]. - The motorcycle business is experiencing significant growth, with a projected sales volume of 81,000 units in Q4 2024, a year-on-year increase of 100.6% [1]. - The company is expanding its product matrix in the all-terrain vehicle segment, with new high-end products expected to drive sales growth [2]. - A stock option incentive plan has been introduced to attract and retain key talent, which is crucial for the company's long-term development [3]. Summary by Sections Financial Performance - The company forecasts a revenue of 15.3 billion yuan for 2024, with a growth rate of 26.2% compared to 2023 [4]. - The net profit for 2024 is expected to be 1.48 billion yuan, reflecting a growth rate of 46.9% [4]. - Earnings per share (EPS) are projected to be 9.78 yuan for 2024, with a price-to-earnings (PE) ratio of 19 [4]. Market Position - The company is leading the domestic market in the mid-to-large displacement motorcycle segment, with a market share of 19.8% in 2024, up by 4.6 percentage points from 2023 [2]. - The all-terrain vehicle segment is also showing strong performance, with a total sales volume of 175,000 units in 2024, a year-on-year increase of 28.8% [2]. Growth Strategy - The company is focusing on high-end product development and expanding its international market presence, particularly in North America [2]. - The stock option plan aims to align the interests of key personnel with the company's long-term goals, enhancing overall performance [3].

Investment Rating - The report maintains a "Buy" rating for Chuncheng Power (603129.SH) [2][8] Core Views - The company is expected to achieve a significant increase in net profit for 2024, with estimates ranging from 1.42 to 1.56 billion yuan, representing a year-on-year growth of 40.94% to 54.84% [3] - The fourth quarter of 2024 is projected to see a net profit of 340 to 480 million yuan, reflecting a year-on-year increase of 64.2% to 132.3% [3][7] - The four-wheeled vehicle segment is expected to outperform due to new product launches, with Q4 sales reaching 56,000 units, a year-on-year increase of 83% [4] - The two-wheeled fuel vehicle segment is experiencing rapid export growth, with Q4 sales of 55,000 units, up 46% year-on-year, and exports reaching 37,000 units, up 73% year-on-year [5] - The electric two-wheeler brand "Jiku" is continuing to expand, with Q4 sales of 26,000 units, an 8.6% increase from the previous quarter [6] Financial Summary - The company has revised its profit forecasts for 2024-2026, now expecting net profits of 1.46 billion, 1.83 billion, and 2.20 billion yuan respectively, with year-on-year growth rates of 45%, 25%, and 20% [8] - The projected P/E ratios for 2024, 2025, and 2026 are 19x, 16x, and 13x respectively [8] - Revenue for 2024 is expected to reach 15.83 billion yuan, with a growth rate of 31% [9] - The company’s operating income for 2023 was 12.11 billion yuan, with a net profit of 1.01 billion yuan [9] Market Position and Outlook - The company is well-positioned for growth in the overseas market, benefiting from a strong product lineup and improved production capacity [8] - The report highlights the potential for continued rapid growth in exports, particularly in the two-wheeled vehicle segment [5][8] - The company is expected to maintain a high degree of earnings realization, supported by a solid overseas production layout [8]

Financial Performance Forecast - The company expects a net profit attributable to shareholders for 2024 to be between CNY 1,420 million and CNY 1,560 million, an increase of CNY 412.48 million to CNY 552.48 million compared to the previous year, representing a year-on-year growth of 40.94% to 54.84%[2] - The expected net profit attributable to shareholders after deducting non-recurring gains and losses is projected to be between CNY 1,392 million and CNY 1,528 million, an increase of CNY 421.46 million to CNY 557.46 million compared to the previous year, reflecting a year-on-year increase of 43.43% to 57.44%[5] - The previous year's net profit attributable to shareholders was CNY 1,007.52 million, with a total profit of CNY 1,191.39 million[7] - The expected earnings per share for the previous year was CNY 6.70[8] Strategic Initiatives - The company has implemented a global strategy, enhancing market share through precise market positioning, diverse product lines, and effective marketing strategies[9] - The company has strengthened production efficiency and cost management, leading to steady growth in sales and profits[9] Non-Recurring Items - Non-recurring gains and losses are expected to impact the performance by CNY 28 million to CNY 32 million, primarily from government subsidies received during the period[10] Financial Data Integrity - The earnings forecast is based on preliminary calculations by the company's finance department and has not yet been audited by certified public accountants[6] - The company emphasizes the importance of accurate financial data, which will be confirmed in the audited annual report for 2024[13] - The company does not foresee any significant uncertainties that could affect the accuracy of this earnings forecast[11]

证券代码：603129 证券简称：春风动力 公告编号：2024-078 统一社会信用代码：91330100757206158J 名称：浙江春风动力股份有限公司 类型：其他股份有限公司（上市） 住所：浙江省杭州市临平区余杭经济开发区五洲路 116 号 法定代表人：赖民杰 浙江春风动力股份有限公司 关于完成工商变更登记并换发营业执照的公告 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。 浙江春风动力股份有限公司（以下简称"公司"、"春风动力"）分别于 2024 年 12 月 3 日、2024 年 12 月 20 日召开第五届董事会第二十次会议、2024 年第二次临时股东大会，会议审议通过了《关于修订<公司章程>及部分管理制 度的议案》，为进一步完善公司治理结构，提升公司规范运作水平，公司股东大 会、董事会同意对《公司章程》和部分管理制度进行修订，并同意授权公司管理 层负责办理《公司章程》变更的相关备案手续。具体内容详见公司在上海证券交 易所网站发布的《春风动力关于修订<公司章程>及部分管理制度的公告》（公 告编号：2024-071 ...

证券代码：603129 证券简称：春风动力 公告编号：2024-079 浙江春风动力股份有限公司 关于公司通过高新技术企业认定的公告 本次认定系公司原高新技术企业证书有效期满后所进行的重新认定，根据 《中华人民共和国企业所得税法》以及国家对高新技术企业的相关税收规定，公 司自本次通过高新技术企业重新认定起连续三年（2024 年、2025 年、2026 年） 继续享受国家关于高新技术企业的相关税收优惠政策，即按 15%的税率缴纳企业 所得税。本次高新技术企业认定是对公司技术实力及研发水平的充分肯定。 公司 2024 年度已按照 15%的企业所得税税率进行纳税申报及预缴，本次通 过高新技术企业的重新认定事项不会对公司 2024 年度业绩产生重大影响。 特此公告。 浙江春风动力股份有限公司 董事会 2024 年 12 月 27 日 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、概述 根据全国高新技术企业认定管理工作领导小组办公室发布的《对浙江省认定 机构 2024 年认定报备的高新技术企业进行备案的公告》及《浙江省认定机构 2 ...

浙江春风动力股份有限公司 监事会 2024 年 12 月 21 日 证券代码：603129 证券简称：春风动力 公告编号：2024-077 浙江春风动力股份有限公司 关于选举公司监事会主席的公告 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 根据《中华人民共和国公司法》、《浙江春风动力股份有限公司章程》及《浙 江春风动力股份有限公司监事会议事规则》等相关规定，浙江春风动力股份有限 公司（以下简称"公司"）于 2024 年 12 月 20 日以现场会议方式召开第六届监事 会第一次会议，审议通过了《关于选举公司第六届监事会主席的议案》，与会监 事一致同意选举钱朱熙女士（简历附后）为公司第六届监事会主席，任期自监事 会审议通过之日起至公司第六届监事会届满之日止。 特此公告。 附：钱朱熙女士简历 钱朱熙 女，1984 年生，中国国籍，无境外永久居住权，本科学历。2003 年 至今担任杭州圣菲丹纺织品有限公司任副总经理。现任本公司监事。 任。 ...

证券代码：603129 证券简称：春风动力 公告编号：2024-073 浙江春风动力股份有限公司 2024 年第二次临时股东大会决议公告 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：2024 年 12 月 20 日 (二)股东大会召开的地点：浙江春风动力股份有限公司会议室（浙江省杭州市临 平区余杭经济开发区绿洲路 16 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 | 208 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 104,470,976 | | 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 | 68.9887 | | 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。 本次会议采取现场投票和网络投票相结合的方式召开，公司董事会召集本次 会议，董事长赖国贵先生主 ...