Investment Rating - The report maintains an "Overweight" rating for Hangcha Group (603298) [1] Core Views - Hangcha Group's H1 2024 net profit attributable to shareholders increased by 29% YoY, driven by structural optimization and improved profitability [1] - The company's Q2 2024 net profit grew by 28% YoY, with overseas and lithium-ion product expansion continuing to deliver results [2] - The company's gross margin and net margin improved both YoY and QoQ in H1 2024, benefiting from product mix optimization [2] - The short-to-medium-term growth logic of lithium-ion and globalization remains intact, with domestic and overseas markets showing potential for further lithium-ion penetration [2] Financial Performance - H1 2024 revenue reached 8.55 billion yuan, up 3.7% YoY, with net profit attributable to shareholders at 1.01 billion yuan, up 29.3% YoY [2] - Q2 2024 revenue was 4.38 billion yuan, up 1.5% YoY, with net profit attributable to shareholders at 630 million yuan, up 28.2% YoY [2] - H1 2024 gross margin was 21.4%, up 2.3 percentage points YoY, and net margin was 12.5%, up 2.5 percentage points YoY [2] - Q2 2024 gross margin was 22.2%, up 2.3 percentage points YoY and 1.6 percentage points QoQ, while net margin was 15.3%, up 3.0 percentage points YoY and 5.6 percentage points QoQ [2] Profit Forecast and Valuation - 2024E revenue is projected at 19.28 billion yuan, up 18.48% YoY, with net profit attributable to shareholders at 2.05 billion yuan, up 19.29% YoY [2] - 2025E revenue is forecasted at 22.73 billion yuan, up 17.87% YoY, with net profit attributable to shareholders at 2.43 billion yuan, up 18.61% YoY [2] - 2026E revenue is expected to reach 27.22 billion yuan, up 19.76% YoY, with net profit attributable to shareholders at 2.93 billion yuan, up 20.32% YoY [2] - The 2024E P/E ratio is 11.0x, decreasing to 9.3x in 2025E and 7.7x in 2026E [2] Market and Industry Insights - Overseas markets show signs of recovery, with leading companies like Kion and Toyota reporting Q2 2024 new order growth of 8% and 10% QoQ, respectively [2] - Domestic market benefits from environmental policies and equipment renewal initiatives, with the electric penetration rate of counterbalanced forklifts reaching 32% in H1 2024, up 7 percentage points YoY [2] - In 2023, the domestic forklift market's electric penetration rate was 29%, lower than the overseas rate of 44%, with lithium-ion penetration rates at 20% domestically and 13% overseas [2] - The global forklift market in 2023 was approximately 130 billion yuan, with the top two Chinese players holding only 5% market share each, indicating significant growth potential [2] Financial Structure and Ratios - The company's total assets are projected to grow from 13.89 billion yuan in 2023A to 23.71 billion yuan in 2026E [8] - Net profit margin is expected to remain stable, with 2024E at 10.64%, 2025E at 10.71%, and 2026E at 10.76% [8] - ROE (diluted) is forecasted at 19.23% in 2024E, 18.57% in 2025E, and 18.26% in 2026E [9] - The company's debt-to-asset ratio is expected to decline from 33.42% in 2023A to 26.99% in 2026E [9]

[Table_StockNameRptType] 1. 杭叉集团（603298） 公司点评 盈利能力持续增长，加快推进国际化进程 | --- | --- | |-------------------------------------|-------------| | [Table_Rank] 投资评级：买入（维持） | | | 报告日期： 2024-08-20 | | | 570 收盘价（元） | 16.98 | | 近 12 个月最高/最低（元） | 24.21/14.45 | | 总股本（百万股） | 1309.81 | | 流通股本（百万股） | 1309.81 | | 流通股比例（%） | 100.00 | | 总市值（亿元） | 222.41 | | 流通市值（亿元） | 222.41 | [公司价格与沪深 Table_Chart] 300 走势比较 -20% -10% 0% 10% 20% 30% 40% 50% 60% 杭叉集团 沪深300 [分析师：张帆 Table_Author] 执业证书号：S0010522070003 邮箱：zhangfan@hazq.com [Table_Report ...

本报告仅供 Choice 东方财富 使用，请勿传阅。 2024 年 08 月 20 日 杭叉集团(603298.SH) 收入稳健微增，"锂电化+国际化"持续 贡献结构性优化 事件：杭叉集团发布 2024 年半年报，上半年，公司实现营业收 入 85.54 亿元，同比增长 3.74%，实现归母净利润 10.07 亿元， 同比增长 29.29%；单 Q2，公司实现营业收入 43.82 亿元，同比增 长 1.53%，实现归母净利润 6.28 亿元，同比增长 28.19%。 "国际化+锂电化"带动市场需求结构持续优化。根据公司 2024 年半年报，2024 年上半年，中国叉车总销售量达 66.21 万台，同 比增长 13.09%；其中，①区域结构上，内销销量 43.39 万台，同 比增长 9.92%；出口销量 22.82 万台，同比增长 19.64%。出口持 续高增，国产品牌全球竞争力不断提升；②车型结构上，Ⅰ类车 销量 9.1 万台，同比增长 19.04%；Ⅱ类车销量 1.3 万台，同比增 长 22.62%；Ⅲ类车销量 36.46 万台，同比增长 25.58%；Ⅳ+Ⅴ类 车销量 19.36 万台，同比下降 7.02% ...

Investment Rating - The investment rating for the company is "Buy" (maintained) [7] Core Views - The report indicates that the company's revenue for H1 2024 has slightly increased, with a year-on-year growth of 3.74%, reaching 8.554 billion yuan, while the net profit attributable to the parent company grew by 29.29% to 1.007 billion yuan [11] - The domestic forklift industry is experiencing stable growth, with total sales in China reaching 662,118 units in H1 2024, a year-on-year increase of 13.09%. The company has established over 60 regional marketing service centers to strengthen its domestic market position [11] - The export demand for forklifts is increasing, with China's forklift exports growing by 19.64% in H1 2024. The company has expanded its overseas sales network, achieving full coverage in key markets [12] - The company’s gross margin and net margin for H1 2024 were 21.41% and 12.53%, respectively, both showing improvements year-on-year. The introduction of new high-capacity lithium battery forklifts has enhanced the company's profitability [12] - The report forecasts the company's revenue for 2024-2026 to be 187.3 billion yuan, 209.8 billion yuan, and 235.1 billion yuan, respectively, with a compound annual growth rate (CAGR) of 19.25% [3][11] Summary by Sections Financial Performance - In H1 2024, the company achieved a revenue of 85.54 billion yuan, with a net profit of 10.07 billion yuan. The Q2 revenue was 43.82 billion yuan, with a net profit of 6.28 billion yuan [11] - The company’s gross profit margin and net profit margin improved by 2.32 and 2.46 percentage points year-on-year, respectively [12] Market Position - The company has solidified its domestic market presence and is leading in the fields of new energy products and smart logistics [11] - The company has established over 10 overseas sales companies and service centers, enhancing its competitive edge in the global market [12] Future Outlook - The report anticipates a gradual recovery in the domestic manufacturing environment, which, combined with the increasing demand for electric products, is expected to drive the company's overseas business growth [3][11]

Investment Rating - The report maintains a "Recommended" rating for the company, considering its position as a leading domestic forklift manufacturer benefiting from high export demand and increasing electrification rates [2][3]. Core Insights - The company reported a revenue of 8.554 billion yuan for the first half of 2024, representing a year-over-year increase of 3.74%, with a net profit of 1.007 billion yuan, up 29.29% year-over-year [2]. - The second quarter of 2024 saw revenue of 4.382 billion yuan, a year-over-year increase of 2.08%, and a net profit of 628 million yuan, reflecting a year-over-year growth of 28.07% [2]. - The company's gross margin improved to 22.21% in Q2 2024, up 2.27 percentage points year-over-year, driven by an increase in export sales and a shift towards electric forklifts [2]. Summary by Sections Revenue and Profitability - The company achieved a revenue of 85.54 billion yuan in H1 2024, with a gross margin of 21.41% and a net margin of 12.53% [2]. - The sales volume of forklifts in China reached 662,000 units in H1 2024, with exports accounting for 228,000 units, a year-over-year increase of 19.6% [2]. Market Outlook - The report anticipates a steady growth in domestic forklift sales in the second half of 2024, supported by government policies aimed at equipment upgrades and energy-saving initiatives [2]. - The company is expected to maintain its growth trajectory in exports, particularly in lithium battery forklifts, which have a competitive advantage [2]. International Expansion - The company has established over 10 overseas sales and service centers across Europe, North America, South America, Southeast Asia, and Oceania, enhancing its global market penetration [2]. - The expansion includes a focus on rental services, creating a comprehensive value chain that increases brand recognition and customer satisfaction [2]. Financial Projections - The projected net profits for 2024, 2025, and 2026 are 2.089 billion yuan, 2.352 billion yuan, and 2.632 billion yuan, respectively, with corresponding valuations of 11x, 10x, and 9x [3][7].

Investment Rating - The report assigns a "Buy" rating for Hangcha Group (603298.SH) with a current price of 17.24 CNY and a reasonable value of 24.0 CNY per share [1]. Core Views - The company's profitability continues to improve, with a net profit attributable to shareholders of 1.007 billion CNY in H1 2024, representing a year-on-year increase of 3.74%. The operating revenue increased by 29.29% [1]. - The net profit margin reached 12.53%, up by 1.53 percentage points year-on-year, with a quarterly net profit margin of 15.28%, an increase of 3.01 percentage points [1]. - The company is expanding its international presence, establishing Hangcha Europe Leasing Co., Ltd. in France to enhance global sales and leasing networks, with over 300 overseas dealers covering more than 200 countries [1]. - The demand for lithium battery products is expected to grow, with the company benefiting from its competitive advantages in the electric forklift market [1]. Financial Summary - For 2023, the company reported operating revenue of 16.272 billion CNY, with a growth rate of 12.9%. The EBITDA was 2.040 billion CNY, and the net profit attributable to shareholders was 1.720 billion CNY, reflecting a growth rate of 74.2% [2][3]. - The forecast for 2024 estimates operating revenue to reach 18.557 billion CNY, with a growth rate of 14.0%, and a net profit of 2.095 billion CNY, with a growth rate of 21.8% [2][3]. - The report projects the company's net profit attributable to shareholders to be 2.449 billion CNY in 2025 and 2.883 billion CNY in 2026, indicating a strong growth trajectory [1][2]. Market Position - The company is positioned to benefit from the ongoing trend of lithium battery adoption in forklifts, with a market share increase expected due to the demand for larger and lithium-powered vehicles [1]. - The report highlights that the company has a competitive edge in the internal combustion forklift market, which is anticipated to enhance its performance further [1]. Analyst Team - The report is prepared by a team of analysts from GF Securities, including chief analysts and senior analysts with expertise in mechanical engineering and finance [4].

证券代码：603298 证券简称：杭叉集团 公告编号：2024-033 杭叉集团股份有限公司 关于 2024 年半年度募集资金存放与实际使用情况的专项报告 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。 根据《上海证券交易所上市公司自律监管指引第 1 号——规范运作》《上海证券 交易所上市公司公告格式第十三号——上市公司募集资金相关公告》和《杭叉集团股 份有限公司募集资金管理制度》等规定，杭叉集团股份有限公司（以下简称"公司" 或"杭叉集团"）2024 年半年度募集资金存放与实际使用情况专项报告如下： 一、募集资金基本情况 （一）实际募集资金金额和资金到账时间 经中国证券监督管理委员会《关于核准杭叉集团股份有限公司公开发行可转换公 司债券的批复》（证监许可（2021）753 号）核准，公司公开发行人民币 115,000.00 万元可转换公司债券，每张面值为人民币 100 元，共计 1,150 万张，期限 6 年。本次 公开发行可转换公司债券募集资金总额为人民币 115,000.00 万元，扣除承销保荐费、 律师费等各项发行费用 ...

二、董事会会议审议情况 证券代码：603298 证券简称：杭叉集团 公告编号：2024-031 杭叉集团股份有限公司 第七届董事会第十四次会议决议公告 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 杭叉集团股份有限公司（以下简称"公司"或"杭叉集团"）于 2024 年 8 月 19 日以现场结合通讯方式召开第七届董事会第十四次会议。会议通知已于 2024 年 7 月 31 日以通讯方式发出。本次会议应参与表决董事 9 名，实际参与表 决董事 9 名。公司监事及部分高级管理人员列席了本次会议。本次会议由董事长 赵礼敏先生主持，与会董事就会议议案进行了审议并以现场与通讯投票相结合的 方式进行表决。会议的召集与召开符合《公司法》及《公司章程》的有关规定， 会议决议合法、有效。 详见公司同日于上海证券交易所网站（www.sse.com.cn）及《证券时报》披 露的《2024 年半年度募集资金存放与实际使用情况的专项报告》（公告编号： 2024-033） 表决结果：同意 9 票、反对 0 票、弃权 0 票。 三 ...

Management Risks and Expansion - The company faces increased management risks due to rapid expansion in both domestic and international markets, leading to significant growth in assets and personnel[1] Environmental Compliance and Noise Reduction - The company has implemented noise reduction measures, including low-noise equipment and soundproofing, to ensure compliance with environmental noise standards[2] - The company has established a self-monitoring program for environmental compliance, including monitoring of air emissions, wastewater, and noise levels[3] - The company obtained a pollutant discharge permit valid until August 24, 2028, after approval on the national pollutant discharge information management platform[6] - The company uses advanced production equipment to ensure that waste gas, wastewater, and solid waste are treated and disposed of in compliance with regulations[7] - The company has invested in environmental protection equipment, including wastewater treatment stations and dust removal facilities, to ensure compliance with emission standards[66] - Wastewater treatment processes include coagulation, sedimentation, and flotation, with final discharge to Hangzhou Qingshan Lake Science City Drainage Co., Ltd.[67] - Air pollutants such as toluene, xylene, and non-methane hydrocarbons are treated through various methods including filtration, adsorption, and combustion before emission[67] - COD emissions totaled 0.6104 tons for the half-year, meeting the standard of 40mg/L[61] - Ammonia nitrogen emissions were 0.03052 tons for the half-year, within the 2mg/L standard[61] - Dust emissions were 2.889 tons for the half-year, below the 20mg/m³ limit[61] - Non-methane hydrocarbon emissions reached 1.758 tons for the half-year, under the 60mg/m³ threshold[61] - COD (Chemical Oxygen Demand) emission standard is 40mg/L, with a total emission of 0.299 tons in the first half of 2024[64] - Ammonia nitrogen emission standard is 2mg/L, with a total emission of 0.0149 tons in the first half of 2024[64] - The company achieved 100% compliance in hazardous waste disposal and met wastewater and exhaust emission standards in the first half of 2024[147] - The company's environmental emergency response plan was revised in November 2021, with regular drills conducted to enhance emergency response capabilities[157] - The company's green area coverage is high, effectively absorbing carbon dioxide emissions[158] - The company's energy management system includes dedicated energy management institutions, clear energy management goals, and various measures to optimize energy use[158] - The company implemented various measures to reduce carbon emissions, including the use of solar photovoltaic power stations, natural gas infrared heating, and LED lighting, significantly lowering energy consumption and carbon emissions[158] Corporate Social Responsibility and ESG - The company has been recognized as a leading enterprise in corporate social responsibility in Zhejiang Province for the second consecutive year[5] - The company aims to deepen its commitment to social responsibility and enhance its ESG governance capabilities[12] - The company actively participated in the "Ten Thousand Enterprises Revitalize Ten Thousand Villages" initiative, contributing to rural revitalization and common prosperity, and was recognized as an outstanding team enterprise in 2023[165] Shareholder Meetings and Corporate Governance - The company held its 2023 annual general meeting on May 10, 2024, with 71.4281% of total shares represented, and all 12 proposals were approved[8] - The company and its controlling shareholders have committed to avoiding direct or indirect competition with the listed company and its subsidiaries, ensuring no overlapping business activities[15] - In case of any potential competitive business opportunities, the controlling shareholders will notify the listed company and provide the opportunity to the listed company if it expresses interest[15] - The company and its controlling shareholders have pledged to minimize related-party transactions and ensure fairness and transparency in any unavoidable transactions[16] - The controlling shareholders have committed to not seeking preferential treatment in business cooperation or transactions with the listed company[16] - The company ensures that any necessary related-party transactions will be conducted under fair, equitable, and market-based conditions, with proper legal procedures and disclosure obligations[17] - The company commits to maintaining its independence in business, assets, finance, organization, and personnel after the transaction, ensuring the protection of all shareholders' interests[17] - In the event of false or misleading information in the IPO prospectus, the company will propose a share repurchase plan and compensate investors for direct economic losses[17] - The company and its executives will actively compensate investors for direct economic losses if the IPO prospectus contains false or misleading information[19] - The company and its controlling shareholders pledge to avoid any form of competition with Hangcha Group's existing business and related products[19] - The controlling shareholders and actual controller commit not to interfere with the company's operations or harm its interests, and will comply with any new regulatory requirements from the CSRC[19] - The company's board of directors, supervisors, and senior management ensure the truthfulness, accuracy, and completeness of the semi-annual report and bear legal responsibility[82] - The company's financial report includes detailed financial statements signed by the legal representative, the person in charge of accounting, and the accounting institution[84] Financial Performance and Metrics - The company has no plans for profit distribution or capital reserve conversion in the first half of the year[9] - Total sales revenue from associated companies reached 116,365.22 million, with significant contributions from Zhejiang Xinchai Co., Ltd. (40,372.10 million, 6.34%) and Zhejiang Huachang Hydraulic Machinery Co., Ltd. (23,822.55 million, 3.74%)[21] - No significant sales returns were reported, indicating stable sales performance[21] - The company emphasizes fair and transparent pricing in its daily related-party transactions, ensuring no adverse impact on company interests[21] - No major changes or progress were reported in previously disclosed joint external investments or related-party debt and credit transactions[22] - The company's international sales are increasingly affected by exchange rate fluctuations due to expanding overseas markets, with strategies in place to mitigate risks through financial tools and RMB settlement agreements[23] - No instances of non-operational fund occupation by controlling shareholders or related parties were reported[26] - No illegal guarantees were reported during the reporting period[26] - The company's total guarantee amount (including guarantees for subsidiaries) is RMB 40,000 million, accounting for 4.60% of the company's net assets[31] - The company provided guarantees of RMB 22,000 million to subsidiaries during the reporting period[31] - The company's guarantee balance for subsidiaries at the end of the reporting period is RMB 40,000 million[31] - The company's total guarantee balance (excluding guarantees for subsidiaries) is RMB 0[31] - The company's guarantee amount for entities with a debt-to-asset ratio exceeding 70% is RMB 36,000 million[31] - The company's total guarantee balance for shareholders, actual controllers, and their affiliates is RMB 0[31] - The company's guarantee balance exceeding 50% of net assets is RMB 0[31] - The company's total guarantee balance for the above three categories (C+D+E) is RMB 36,000 million[31] - The company's solid waste includes general waste such as scrap metal and packaging materials, which are collected and sold for comprehensive utilization[32] - The company's hazardous waste, including oily rags and sludge, is managed and disposed of according to regulations[32] - The company's subsidiary, Zhejiang Hangcha Intelligent Technology Co., Ltd., acquired 100% equity of Zhejiang Guozhi Intelligent Equipment Co., Ltd. for RMB 29.86 million, with a valuation difference of RMB 29.00 million between the asset-based and income approaches, representing a 3,375.89% difference[33] - The total raised funds from the issuance of convertible bonds amounted to RMB 92,535.23 million, with RMB 113,866.25 million invested cumulatively, achieving a 4.09% utilization rate of the raised funds[34] - The new energy forklift construction project has a planned investment of RMB 83,113.58 million, with RMB 67,482.19 million already invested, achieving 81.19% of the planned investment[35] - The R&D center upgrade project has a planned investment of RMB 12,927.43 million, with RMB 6,861.69 million already invested, achieving 53.08% of the planned investment[35] - The group information system upgrade project has a planned investment of RMB 8,439.90 million, with RMB 8,509.62 million already invested, exceeding the planned investment by 100.83%[35] - The marketing network and forklift experience center construction project has a planned investment of RMB 9,385.34 million, with RMB 9,681.73 million already invested, exceeding the planned investment by 103.16%[35] - The total investment in all projects reached RMB 113,866.25 million, with RMB 92,535.23 million already invested, achieving an overall investment progress of 81.27%[35] - The company's total shares increased by 374,232,014 shares due to capital reserve conversion, resulting in a total of 1,309,812,049 shares outstanding[39] - Total share capital increased to 1,309,812,049 shares after a capital reserve transfer of 374,232,014 shares and a cash dividend distribution of 467,790,017.50 RMB[41] - The company's total number of ordinary shareholders at the end of the reporting period was 16,138[42] - Zhao Limin, the Chairman and General Manager, holds 28,616,014 shares, an increase of 8,176,004 shares due to capital reserve transfer[45] - Zhejiang Hangcha Holding Co., Ltd. is the largest shareholder with 541,442,944 unrestricted shares[43] - Hong Kong Securities Clearing Company Limited holds 61,620,523 unrestricted shares[43] - The company's top 10 shareholders include institutional investors such as China Construction Bank and China Life Insurance[43] - No significant changes in shareholding due to securities lending or borrowing activities were reported[44] - The company did not issue any convertible bonds or corporate bonds during the reporting period[49] - Total assets increased to 12,113,135,815.79 RMB, up from 10,858,607,141.73 RMB in the previous period[51] - Current assets totaled 6,750,676,228.18 RMB, compared to 5,822,791,807.43 RMB previously[51] - Long-term equity investments rose to 3,373,226,407.07 RMB from 3,084,655,235.76 RMB[51] - Fixed assets increased to 1,066,808,922.82 RMB, up from 1,036,024,795.74 RMB[51] - Total liabilities grew to 3,765,308,946.20 RMB, compared to 3,010,146,294.72 RMB previously[52] - Shareholders' equity increased to 8,347,826,869.59 RMB from 7,848,460,847.01 RMB[52] - Accounts receivable rose to 2,341,246,370.50 RMB, up from 1,626,031,655.64 RMB[55] - Inventory increased to 2,281,939,063.34 RMB, compared to 2,218,134,868.56 RMB previously[55] - Long-term equity investments grew to 2,163,567,307.95 RMB from 1,982,422,755.19 RMB[55] - Fixed assets increased to 2,044,319,838.98 RMB, up from 1,926,935,915.66 RMB[55] - Total assets increased to 14,932,207,220.66 RMB from 13,998,256,907.22 RMB, reflecting a growth of 6.67%[56][57] - Non-current assets rose to 5,474,425,257.50 RMB, up 6.94% from 5,119,244,651.90 RMB[56] - Current liabilities increased to 5,041,787,086.56 RMB, a 8.93% rise from 4,628,821,270.50 RMB[56] - Total liabilities grew to 5,209,988,653.18 RMB, up 9.39% from 4,763,126,256.52 RMB[57] - Owner's equity increased to 9,722,218,567.48 RMB, up 5.28% from 9,235,130,650.70 RMB[57] - Accounts receivable surged to 2,853,065,422.31 RMB, a 51.12% increase from 1,888,049,720.82 RMB[58] - Inventory remained stable at 925,487,911.60 RMB, showing a slight increase of 0.49% from 920,933,113.07 RMB[58] - Deferred tax assets grew significantly to 142,121,393.61 RMB, up 75.46% from 80,999,988.50 RMB[56] - Short-term borrowings decreased to 776,267,591.25 RMB, down 16.33% from 927,842,373.02 RMB[56] - Contract liabilities decreased to 324,330,663.20 RMB, a 46.75% drop from 609,018,431.90 RMB[56] - R&D expenses increased to 417.51 million, up 19% from 350.89 million in the previous period[59] - Net profit rose to 1.07 billion, a 30% increase from 823.48 million in the same period last year[59] - Investment income grew to 242.99 million, up 29% from 188.11 million[59] - Interest income decreased to 33.46 million, down 15% from 39.23 million[59] - Other income surged to 114.04 million, a 507% increase from 18.77 million[59] - Revenue for the first half of 2024 reached 8,554,070,130.72 yuan, a 3.7% increase compared to 8,245,418,262.16 yuan in the same period of 2023[69] - Total operating costs for the first half of 2024 were 7,658,504,561.73 yuan, a 2.8% increase from 7,446,597,361.06 yuan in the first half of 2023[69] - Sales expenses increased by 22.2% to 323,746,765.26 yuan in the first half of 2024 compared to 265,002,577.24 yuan in the same period of 2023[69] - Management expenses rose by 10.8% to 198,405,102.31 yuan in the first half of 2024 from 179,044,508.64 yuan in the first half of 2023[69] - Revenue for the first half of 2024 reached RMB 8.554 billion, a year-on-year increase of 3.74%[97] - Net profit attributable to shareholders of the listed company was RMB 1.007 billion, up 29.29% year-on-year[97] - Net profit attributable to shareholders after deducting non-recurring gains and losses was RMB 987 million, a year-on-year increase of 29.33%[97] - Operating cash flow decreased by 8.85% to RMB 621.74 million compared to the same period last year[97] - Total assets as of the end of the reporting period were RMB 14.932 billion, an increase of 6.67% compared to the end of the previous year[97] - Basic earnings per share (EPS) for the reporting period was RMB 0.77, up 24.19% year-on-year[98] - Weighted average return on equity (ROE) increased by 0.22 percentage points to 11.38%[98] - Non-recurring gains and losses amounted to RMB 19.675 million, primarily driven by government subsidies of RMB 19.795 million[89] - Revenue increased by 3.74% to RMB 8,554,070,130.72 compared to the same period last year[140] - R&D expenses increased by 18.99% to RMB 417,510,915.77, reflecting increased investment in innovation[140] - Sales expenses rose by 22.17% to RMB 323,746,765.26, indicating higher marketing and distribution costs[140] - Net cash flow from operating activities decreased by 8.85% to RMB 621,742,092.89[140] - Accounts receivable increased by 43.99% to RMB 234,124,640, mainly due to increased unsettled payments[143] - Contract liabilities decreased by 46.75% to RMB 32,433,070, primarily due to reduced advance payments[143] - Restricted cash at the end of the reporting period amounted to RMB 25,271,667.85, primarily due to guarantees and bank acceptance bills[149] - The company's other non-current financial assets remained unchanged at RMB 25,591,400.00 from the beginning to the end of the reporting period[152] - The company reported a loss of RMB 2.48 million from hedging activities in the reporting period, with no significant adverse impact from exchange rate fluctuations[154] - Comprehensive income for the period totaled 1,022,613,039.46 yuan, with 957,552,111.72 yuan attributable to the parent company and 65,060,927.74 yuan to minority shareholders[156] - Basic and diluted earnings per share were 0.77 yuan, up from 0.62 yuan in the previous period[156] - The company's foreign sales revenue is recognized when products are shipped, customs cleared, and payment is received or receivable[171] - The company's accounts receivable for quality assurance deposits increased to 108,574,360.63 yuan, with a corresponding increase in bad debt provisions to 10,172,733.10 yuan[172] - Fixed assets increased to 2,044,319,838.98 RMB from 1,926,935,915.66 RMB at the beginning of the period[175] - The company's subsidiaries and subsidiaries enjoy a 15% corporate income tax rate as high-tech enterprises, effective from 2021 to 2024[176][177] - The company's contract assets at the end of the period amounted to 50,223,174.47 RMB[181] - The company's accounts receivable at the end of the period totaled 2,500,754,402.26 RMB, with a bad debt provision of 159,508,031.76 RMB[184] - The company's accounts receivable within 1 year amounted to 2,256,901,734.38 RMB, accounting for 99.81%

证券代码：603298 证券简称：杭叉集团 公告编号：2024-032 杭叉集团股份有限公司 第七届监事会第九次会议决议公告 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法律责任。 一、监事会会议召开情况 杭叉集团股份有限公司（以下简称"公司"或"杭叉集团"）于 2024 年 8 月 19 日以现场结合通讯方式召开第七届监事会第九次会议。会议通知已于 2024 年 7 月 31 日以通讯方式发出。本次会议应参与表决监事 5 名，实际参与表决监 事 5 名。本次会议由监事会主席洪艺女士主持，与会监事就会议议案进行了审议 并以现场与通讯投票相结合的方式进行表决。会议的召集与召开符合《公司法》 及《公司章程》的有关规定，会议决议合法、有效。 二、监事会会议审议情况 经与会监事表决，会议审议并通过了以下表决事项： 1、审议通过《公司 2024 年半年度报告及摘要》 详情见公司同日于上海证券交易所网站（www.sse.com.cn）披露的《公司 2024 年半年度报告》及摘要。 表决结果：同意 5 票、反对 0 票、弃权 0 票。 2、审议通过 ...