证券代码：603191 证券简称：望变电气 公告编号：2024-049 重庆望变电气（集团）股份有限公司 关于使用暂时闲置募集资金进行现金管理进展公告 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 投资种类：银行结构性存款 投资金额：2,500万元 履行的审议程序：重庆望变电气（集团）股份有限公司（以下简称"公 司"）于2024年4月24日召开第四届董事会第五次会议和第四届监事会第四次会 议，分别审议通过了《关于使用暂时闲置募集资金进行现金管理的议案》。保 荐机构和监事会发表了同意意见。具体内容详见公司披露的《关于使用暂时闲 置募集资金进行现金管理的公告》（公告编号：2024-035）。 特别风险提示：公司本次购买的投资产品类型为保本浮动收益，属于谨 慎型低风险投资产品。但金融市场受宏观经济的影响，不排除该投资受政策风 险、市场风险、不可抗力及意外事件风险等因素影响，存在一定的投资风险。 一、 本次现金管理概况 （一） 本次现金管理的目的 1 公司本次进行现金管理的金额为2,500万元。 （三） 本次资金来源 ...

Group 1: Financial Performance - In Q1 2024, the company achieved revenue of approximately ¥520 million, with a net profit of about ¥21 million after deducting non-recurring gains and losses [2] - The company anticipates normal production and operational progress in Q2 2024 [2] Group 2: Export and Market Strategy - In 2023, the company's export share of oriented silicon steel decreased due to weakened price advantages in overseas markets; however, it plans to enhance its export strategy in 2024 [2] - The company has signed multiple export contracts in the power distribution sector, totaling nearly ¥50 million, with products including energy-efficient dry transformers and high-low voltage intelligent switchgear [3] Group 3: Project Development - The 80,000-ton high-end magnetic material project is progressing as planned, with key equipment installation and debugging ongoing in Q1 2024 [2] - The company will evaluate the potential upgrade of existing production lines after stabilizing the new project [2] Group 4: Market Outlook - The company expects a continuous increase in the price of oriented silicon steel after Q2 2024, driven by policies promoting energy efficiency and green development [4] - The demand for high-grade oriented silicon steel is projected to remain stable, with no anticipated oversupply despite capacity releases from major steel producers [5] Group 5: Operational Challenges - Previous operational losses at Yunbian Electric were attributed to factory relocation impacts and high costs; the company aims to improve profitability through enhanced supply chain management and cost reduction strategies [3] - The company acknowledges that differences in gross margins among peers in the power distribution sector are normal due to variations in product specifications and market conditions [5]

关于使用暂时闲置募集资金进行现金管理 到期赎回的公告 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。 重要内容提示 一、 履行的审议程序 重庆望变电气（集团）股份有限公司（以下简称"公司"）于2024年4月24 日召开第四届董事会第五次会议和第四届监事会第四次会议，分别审议通过了 《关于使用暂时闲置募集资金进行现金管理的议案》。同意公司使用不超过 29,000万元的暂时闲置募集资金进行现金管理，该额度的有效期自董事会审议通 过之日至2024年12月31日止，在上述额度及有效期限内，公司可循环滚动使用， 公司董事会授权总经理行使投资决策并签署相关合同文件。保荐机构和监事会发 表了同意意见。具体内容详见公司披露的《关于使用暂时闲置募集资金进行现金 管理的公告》（公告编号：2024-035）。 二、 投资产品到期赎回的情况 公司于2024年6月26日与上海浦东发展银行股份有限公司重庆分行签署了结 构性存款相关文件，购买了相关理财产品，该产品收益自2024年7月1日起至2024 证券代码：603191 证券简称：望变电气 公告编号：2 ...

Summary of Conference Call Notes Company and Industry Overview - The conference call discusses the performance and outlook of **Wangbian Electric** in the **power distribution and transformer industry**. Key Points and Arguments 1. **Revenue Breakdown**: The company reported revenues of **299 million** and **230 million** from two main segments, with a noted shrinkage in overall gross margin due to rising copper prices, which increased from **50,000** to **890,000** [2][4][8]. 2. **Impact of Copper Prices**: The increase in copper prices has significantly affected the gross margin, particularly in the power distribution segment, which has a high cost structure [2][4]. 3. **Silicon Steel Segment**: The silicon steel segment reported a gross margin of **10.4%** for the quarter, influenced by delayed price increases and high shipping costs [3][4]. 4. **Production Capacity**: The company is in the process of ramping up production capacity for new projects, which is currently in the depreciation phase, impacting gross margins [4][5][10]. 5. **Market Conditions**: The domestic power distribution market is under pressure, with fewer orders compared to previous years, while international orders are performing better [8][9]. 6. **Export Strategy**: The company aims to leverage its new projects and export opportunities, particularly in Southeast Asia, with expectations of achieving **100 million** in export orders [8][22][24]. 7. **New Production Capacity**: The company plans to add **50,000 to 60,000 tons** of new production capacity in the silicon steel segment, with an expected total production of **167,778 tons** for 2024 [10][11]. 8. **Product Development**: The company is expanding its product offerings in smart electrical equipment, with projected revenue growth from **400 million** in 2021 to **700-800 million** by 2024 [12][13]. 9. **Technological Advancements**: The company is focusing on reducing waste rates and enhancing production efficiency through advanced manufacturing techniques [16][17]. 10. **Industry Trends**: The overall demand for power distribution equipment is expected to grow due to various government policies and international market needs [43][44]. 11. **Competitive Landscape**: The company is monitoring competitors' expansion plans, which are expected to be moderate due to market conditions [51][53]. 12. **Profitability Outlook**: The company anticipates challenges in maintaining profitability due to increased competition and fluctuating material costs, with gross margins potentially dropping to around **10%** [47][60]. Additional Important Information - The company is actively pursuing international certifications and establishing sales offices in regions like Southeast Asia and the Middle East to enhance its market presence [22][23]. - The integration of the recently acquired **Yun Store** is ongoing, with expectations of improving profit margins through synergies [26][28]. - The company is optimistic about the long-term demand for its products, driven by infrastructure projects and energy transition initiatives [43][44][60]. This summary encapsulates the key insights from the conference call, highlighting the company's current performance, challenges, and strategic direction in the power distribution industry.

Financial Performance Forecast - The company expects a net profit attributable to shareholders of the parent company for the first half of 2024 to be between 32 million and 38 million yuan, a decrease of 11.6 million to 12.2 million yuan compared to the same period last year, representing a year-on-year decline of 75.34% to 79.23%[5]. - The net profit attributable to shareholders of the parent company, excluding non-recurring gains and losses, is projected to be between 13 million and 19 million yuan, down 13.3 million to 13.9 million yuan year-on-year, reflecting a decline of 87.52% to 91.46%[2]. - The company anticipates a decline of approximately 10% in sales revenue from oriented silicon steel products compared to the same period last year, with the gross profit margin expected to drop from 30% to around 7%[16]. - The previous year's earnings per share was 0.46 yuan[14]. Reasons for Performance Decline - The main reason for the expected decrease in performance is the decline in sales prices of oriented silicon steel products, with the average sales price dropping from 19,225 yuan/ton in the first half of 2023 to 12,370 yuan/ton in the first half of 2024, a decrease of 35.7%[8]. - The company has not identified any significant uncertainties that could affect the accuracy of this performance forecast[10]. Production Capacity and Market Context - The domestic production capacity of oriented silicon steel increased from 2.066 million tons in 2022 to 2.906 million tons by the end of 2023, a year-on-year increase of over 40%[15]. Financial Reporting and Investor Guidance - The performance forecast is based on preliminary calculations by the company's financial department and has not been audited by certified public accountants[7]. - The company will provide detailed financial data in its official 2024 semi-annual report[18]. - The company emphasizes the importance of cautious decision-making for investors due to the anticipated performance decline[18].

证券代码：603191 证券简称：望变电气 公告编号：2024-046 重庆望变电气（集团）股份有限公司 关于使用暂时闲置募集资金进行现金管理进展公告 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 履行的审议程序：重庆望变电气（集团）股份有限公司（以下简称"公 司"）于2024年4月24日召开第四届董事会第五次会议和第四届监事会第四次会 议，分别审议通过了《关于使用暂时闲置募集资金进行现金管理的议案》。保 荐机构和监事会发表了同意意见。具体内容详见公司披露的《关于使用暂时闲 置募集资金进行现金管理的公告》（公告编号：2024-035）。 特别风险提示：公司本次购买的投资产品类型为定期存款，属于谨慎型 低风险投资产品。但金融市场受宏观经济的影响，不排除该投资受政策风险、 市场风险、不可抗力及意外事件风险等因素影响，存在一定的投资风险。 一、 本次现金管理概况 （一） 本次现金管理的目的 为提高本公司募集资金使用效率，在不影响募集资金项目建设和本公司正 1 投资类型：定期存款 产品名称："新满溢存" 投资金额：不超 ...

关于使用暂时闲置募集资金进行现金管理进展公告 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。 证券代码：603191 证券简称：望变电气 公告编号：2024-045 重庆望变电气（集团）股份有限公司 重要内容提示 投资种类：银行结构性存款 投资金额：2,500万元 履行的审议程序：重庆望变电气（集团）股份有限公司（以下简称"公 司"）于2024年4月24日召开第四届董事会第五次会议和第四届监事会第四次会 议，分别审议通过了《关于使用暂时闲置募集资金进行现金管理的议案》。保 荐机构和监事会发表了同意意见。具体内容详见公司披露的《关于使用暂时闲 置募集资金进行现金管理的公告》（公告编号：2024-035）。 特别风险提示：公司本次购买的投资产品类型为保本浮动收益，属于谨 慎型低风险投资产品。但金融市场受宏观经济的影响，不排除该投资受政策风 险、市场风险、不可抗力及意外事件风险等因素影响，存在一定的投资风险。 一、 本次现金管理概况 （一） 本次现金管理的目的 为提高本公司募集资金使用效率，在不影响募集资金项目建设和本公司正 常经营 ...

| | | | | 日 | | --- | --- | --- | --- | --- | | 股份类别 Ａ股 | 股权登记日 2024/7/1 | 最后交易日 － | 除权（息）日 2024/7/2 | 现金红利发放 2024/7/2 | 差异化分红送转：是 证券代码：603191 证券简称：望变电气 公告编号：2024-044 重庆望变电气（集团）股份有限公司 2023 年年度权益分派实施公告 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： 每股分配比例 A 股每股现金红利 0.15 元（税前） 相关日期 一、 通过分配方案的股东大会届次和日期 本次利润分配方案经公司 2024 年 5 月 16 日的 2023 年年度股东大会审议通过。 二、 分配方案 1. 发放年度：2023 年年度 2. 分派对象： 截至股权登记日下午上海证券交易所收市后，在中国证券登记结算有限责任 公司上海分公司（以下简称"中国结算上海分公司"）登记在册的本公司全体股东。 根据《上海证券交易所上市公司自律监管指引第 7 号——回购股份 ...

中信证券股份有限公司 关于重庆望变电气（集团）股份有限公司 差异化分红事项的核查意见 公司于 2024 年 4 月 9 日披露了《关于 2024 年限制性股票激励计划首次授予 结果公告》（公告编号：2024-029），公司 2024 年限制性股票激励计划实际授 予数量为 2,550,000 股，标的股票已过户至各激励对象名下。 截至本核查意见出具日，公司剩余 652,768 股回购股份尚在回购专用证券账 户内。 根据《公司法》《证券法》《上海证券交易所上市公司自律监管指引第 7 号——回购股份》及《公司章程》等有关规定，公司回购的股份不参与利润分配， 故 2023 年年度利润分配实施差异化分红。 中信证券股份有限公司（以下简称"保荐人"）作为重庆望变电气（集团） 股份有限公司（以下简称"望变电气""公司"）首次公开发行股票并上市的保 荐人，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》"）、《上海证券交易所上市公司自 律监管指引第 7 号——回购股份》等有关规定，对望变电气 2023 年度利润分配 所涉及的差异化分红（以下简称"本次差异化分红"）进行了 ...

Financial Performance - In Q1 2024, the company achieved revenue of approximately ¥520 million, with a net income of ¥21 million after expenses [2] - The company expects to gradually reach design capacity as ongoing projects conclude by April 30, 2024 [2] High-end Magnetic Material Project - The 80,000-ton high-end magnetic material project commenced domestic production on June 30, 2023, with plans for full production by June 30, 2024 [2] - The output ratio of grades 095 and above has exceeded 80%, while grades 085 and above have surpassed 10% [3] Export and Market Strategy - In 2023, the company's oriented silicon steel exports accounted for 21.18% of total sales, with expectations to increase to 50%-60% in 2024 [3] - The company has a saturated order book in the power distribution sector, with export contracts totaling nearly ¥50 million [4] - The company is expanding its global footprint, targeting markets in Southeast Asia, the Middle East, and North America [5] Production Capacity and Supply Chain - The company plans to evaluate the potential upgrade of existing production lines after stabilizing the new high-end magnetic material project [3] - The company has secured a 2-3 month order reserve for its power distribution segment and 4-6 months for cloud power distribution [4] Strategic Partnerships and Certifications - The company is establishing sales centers in various regions, including the UAE and Africa, to enhance its bidding capabilities for major power projects [5] - Compliance with international certifications such as UL and CE is essential for exporting electrical equipment to the US and EU [6] Future Outlook - The company anticipates stable growth in the power distribution and control equipment sector, supported by national policies and infrastructure development [7] - The price of oriented silicon steel is expected to remain stable or increase due to rising demand for energy-efficient transformers [8]