关于《浙江海控南科华铁数智科技股份有限公司 股票交易异常波动的征询函》的回复 浙江海控南科华铁数智科技股份有限公司: 截止本回复出具日,除已披露事项外,我司不存在涉及你公司的应披露而未 披露的重大信息，包括但不限于重大资产重组、股份发行、收购、债务重组、业 务重组、资产剥离、资产注入、股份回购、股权激励、破产重整、重大业务合作、 引进战略投资者等重大事项。 你公司股票交易异常波动期间，我司不存在买卖你公司股票的情况。 特此函复。 海南 你公司《股票交易异常波动的征询函》已收悉，经核查，现函复如下: ...

Investment Rating - The report maintains a "Buy" rating for Hainan Huatie (603300.SH) [6] Core Views - Hainan Huatie has secured a significant contract worth 3.69 billion yuan for computing power services, bringing its total orders to over 6 billion yuan, indicating strong order acquisition capabilities in the computing power sector [1] - The company is strategically expanding its intelligent computing layout, with the establishment of subsidiaries and partnerships aimed at enhancing its service offerings in the computing power domain [2] - The domestic demand for computing power is robust, with major tech companies increasing their investments, positioning Hainan Huatie to benefit from this trend [3] - The company is diversifying its business by expanding into high-altitude work platforms and other equipment categories, which is expected to drive new growth momentum [3] Summary by Sections Financial Performance - The projected net profits for Hainan Huatie from 2024 to 2026 are estimated at 612 million, 950 million, and 1.279 billion yuan respectively, with year-on-year changes of -23.5%, +55.1%, and +34.7% [4] - Revenue is expected to grow from 5.117 billion yuan in 2024 to 7.929 billion yuan in 2026, reflecting a compound annual growth rate [5] Business Development - The company has established a new subsidiary, Shanghai Keshihan, to enter the computing power service market and has plans to expand into cloud computing services by October 2024 [2] - Strategic partnerships have been formed to enhance service offerings in artificial intelligence and financial sectors, indicating a proactive approach to market expansion [2] Market Position - Hainan Huatie is well-positioned to benefit from the increasing capital expenditures in computing power by major internet companies, particularly in Hangzhou, where it is based [3] - The company is expected to gain from government initiatives in Hainan aimed at developing international data centers and smart transportation [3]

Investment Rating - The report maintains a "Buy" rating for Hainan Huatie [6] Core Views - Hainan Huatie has secured a significant contract worth 3.69 billion, bringing its total orders to over 6 billion, indicating strong capabilities in the computing power service sector [1] - The company is strategically expanding its intelligent computing layout, with new subsidiaries and partnerships aimed at enhancing its service offerings in the computing power domain [2] - The domestic demand for computing power is robust, with major tech companies increasing their investments, positioning Hainan Huatie to benefit from this trend [3] - Financial forecasts for the company show a projected net profit of 612 million, 950 million, and 1.279 billion for 2024, 2025, and 2026 respectively, reflecting a growth trajectory [4] Summary by Sections Orders and Contracts - Hainan Huatie's subsidiary signed a computing power service agreement worth 3.69 billion, with a service period of 5 years, expected to generate approximately 700 million annually [1] - Cumulative orders have reached 6.165 billion, showcasing the company's strong order acquisition capabilities [1] Business Expansion - The company established a new subsidiary, Shanghai Keshihan, to enter the computing power service market and has plans to expand into cloud computing services [2] - Strategic partnerships have been formed to enhance service offerings in artificial intelligence and financial sectors [2] Market Demand - The report highlights a surge in computing power demand, with Alibaba planning to invest over 380 billion in cloud and AI infrastructure over the next three years [3] - Hainan Huatie is expected to benefit from the increasing capital expenditures of major internet companies in Hangzhou [3] Financial Projections - The report adjusts the net profit forecasts for 2024, 2025, and 2026 to 612 million, 950 million, and 1.279 billion respectively, with year-on-year growth rates of -23.5%, +55.1%, and +34.7% [4] - The current stock price corresponds to a price-to-earnings ratio of 31, 20, and 15 for the years 2024, 2025, and 2026 respectively [4]

Investment Rating - The report maintains a "Buy" rating for Hainan Huatie (603300.SH) [1] Core Views - The company has signed a "Computing Power Service Agreement" with a subsidiary, expected to generate approximately 3.69 billion yuan in total revenue over five years, averaging about 700 million yuan annually [6] - The company is expected to invest over 2 billion yuan in capital expenditures related to this contract [6] - Hainan Huatie's competitive advantage in the computing power leasing sector is bolstered by its strong balance sheet and the support from state-owned enterprises, which enhances its financing capabilities [7][8] - The company has secured approximately 2.5 billion yuan in computing power orders as of December 5, 2024, demonstrating its resource advantages and execution capabilities [8] Financial Performance and Forecast - The projected revenue for Hainan Huatie is expected to grow from 4.44 billion yuan in 2023 to 7.38 billion yuan in 2026, with a compound annual growth rate (CAGR) of approximately 18.53% [12] - The net profit forecast for the company is set to increase from 801 million yuan in 2023 to 985 million yuan in 2026, reflecting a growth rate of 13.20% [12] - The earnings per share (EPS) is expected to rise from 0.41 yuan in 2023 to 0.50 yuan in 2026 [12] Valuation Metrics - The price-to-earnings (P/E) ratio is projected to decrease from 24 in 2023 to 19 in 2026, indicating a potential undervaluation of the stock [12] - The price-to-book (P/B) ratio is expected to decline from 3.4 in 2023 to 2.4 in 2026, further suggesting a favorable valuation outlook [12] Industry Context - The computing power leasing market is characterized as a heavy asset industry, where the ability to manage and expand the balance sheet is crucial [7] - The report highlights that Hainan Huatie is one of the early players in the A-share market to secure large orders in the computing power leasing sector, positioning it favorably against competitors [8] - The domestic high machine leasing prices are anticipated to recover, benefiting from the exit of smaller enterprises and the consolidation of market leaders [9]

Investment Rating - The report maintains a "Buy" rating for Hainan Huatie (603300.SH) [1] Core Views - The company has signed a "Computing Power Service Agreement" with a total contract value of 3.69 billion yuan, expected to generate approximately 700 million yuan in annual revenue over five years [6] - The company is expected to see significant capital expenditures exceeding 2 billion yuan related to this contract [6] - Hainan Huatie's competitive advantage in the computing power leasing sector is bolstered by its strong balance sheet and the support from state-owned enterprises, which enhances its financing capabilities [7] - The company has a strong execution capability and local resources in Hangzhou, facilitating connections with major internet clients and access to technical talent [8] - The domestic high-end equipment leasing market is showing signs of recovery, with Hainan Huatie positioned to benefit from this trend [9] Financial Performance and Forecast - The company forecasts revenue growth from 4.44 billion yuan in 2023 to 7.38 billion yuan in 2026, with a compound annual growth rate (CAGR) of approximately 18.53% [12] - Net profit is projected to increase from 801 million yuan in 2023 to 985 million yuan in 2026, with a notable growth rate of 25.18% in 2025 [12] - The earnings per share (EPS) is expected to rise from 0.41 yuan in 2023 to 0.50 yuan in 2026 [12] Valuation Metrics - The report maintains the price-to-earnings (P/E) ratio at 27 for 2024, decreasing to 19 by 2026, indicating a potential undervaluation as the company grows [12] - The price-to-book (P/B) ratio is projected to decline from 3.4 in 2023 to 2.4 in 2026, suggesting improving value for shareholders [12] Industry Context - The report highlights that Hainan Huatie is one of the early players in the A-share market to secure large orders in the computing power leasing sector, showcasing its resource advantages and execution capabilities [8] - The Hangzhou government is actively promoting the development of the AI industry, which is expected to benefit companies like Hainan Huatie involved in computing power services [8]

证券代码：603300 证券简称：海南华铁 公告编号：临 2025-011 浙江海控南科华铁数智科技股份有限公司 关于子公司签署《算力服务协议》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。 风险提示： 3、履约能力分析：X 公司依法存续且经营正常，具备良好的资信情况和履 约能力。 4、公司与 X 公司不存在关联关系，X 公司不属于失信被执行人。 三、合同的主要内容 1、采购风险：公司本次算力合同对应的设备尚未采购，由于相关产品受 到市场环境、行业政策等影响较大，公司可能面临采购难度加大或供应 商无法持续稳定供货的风险，进而可能导致本次合同未能部分或全部如 期顺利履行。 2、资金支出风险：本次算力合同对应的资本支出预计超 20 亿元，占公 司 2024 年三季度末净资产的比例超 33%，存在资产扩张过快和资金筹 集不足的风险。截止 2024 年三季度末，公司货币资金为 3.14 亿元，本 次采购设备的资金主要来源于融资租赁公司、银行等金融机构授信，采 购合同签署后将与相关金融机构进行磋商，因金融机构授信尚未签署正 式的 ...

证券代码：603300 证券简称：海南华铁 公告编号：临 2025-010 浙江海控南科华铁数智科技股份有限公司 对外担保进展公告 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： 被担保人名称：海南华铁大黄蜂建筑机械设备有限公司（以下简称"华 铁大黄蜂"） 担保人名称：浙江海控南科华铁数智科技股份有限公司（以下简称"海 南华铁"或"公司"） 一、担保情况概述 （一）担保事项基本情况 公司分别于 2024 年 11 月 14 日、2024 年 12 月 2 日召开第五届董事会第八 次会议和 2024 年第十三次临时股东大会，审议通过了《关于新增担保额度的议 案》，公司拟新增对子公司提供总计不超过人民币 230,000 万元的担保额度，单 一子公司拟对公司提供担保额度不超过人民币 85,000 万元。具体内容详见公司 在上海证券交易所网站（www.sse.com.cn）披露的《浙江海控南科华铁数智科技 股份有限公司关于新增担保额度的公告》（公告编号：临 2024-140）及《浙江海 控南科华铁数智科技股份有限公司 ...

二、增持计划的实施结果 证券代码：603300 证券简称：海南华铁 公告编号：临 2025-009 浙江海控南科华铁数智科技股份有限公司 关于公司骨干团队增持公司股份计划实施完成的公告 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： 增持计划的基本情况：浙江海控南科华铁数智科技股份有限公司（以下简 称"公司"）骨干管理人员基于对公司未来发展的信心以及对公司投资价值的认 可，为维护股东利益，增强投资者信心，拟自 2024 年 9 月 3 日起 6 个月内通过 设立信托/资管计划/证券投资基金或个人账户直接购买等方式，以自有及自筹资 金增持公司股份，金额不低于人民币 1 亿元，不超过人民币 2 亿元（以下简称 "本次增持计划"）。本次增持计划不设定价格区间，将根据公司股票价格波动 情况及资本市场整体趋势择机实施增持计划。增持方式包括但不限于集中竞价、 大宗交易等。 增持计划的实施结果：截至公告披露日，公司骨干团队增持计划已通过泽 丰瑞气盈门 3 号私募证券投资基金（以下简称"增持主体"）以集中竞价方式累 计增持公司 ...

证券代码：603300 证券简称：海南华铁 公告编号：临 2025-008 浙江海控南科华铁数智科技股份有限公司 关于股票交易异常波动公告 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： 浙江海控南科华铁数智科技股份有限公司（以下简称"公司"）股票于 2025 年 2 月 10 日、2 月 11 日连续两个交易日内收盘价格涨幅偏离值累计超过 20%，属于《上海证券交易所交易规则》规定的股票交易异常波动情形。 经公司自查并向公司控股股东、实际控制人核查及沟通，截至本公告披 露日，公司不存在应披露而未披露的重大信息。 二、公司关注并核实的相关情况 （一）生产经营情况 经自查，公司日常生产经营情况未发生重大变化，市场环境、行业政策未发 生重大调整，生产成本和销售等情况未出现大幅波动，内部生产经营秩序正常。 （二）重大事项情况 经自查，并向控股股东、实际控制人核查及沟通，截至本公告披露日，不存 在影响公司股票交易异常波动的重大事项，也不存在应披露而未披露涉及公司的 重大信息，包括但不限于涉及公司的重大资产重组、股份发行 ...

关于《浙江海控南科华铁数智科技股份有限公司 股票交易异常波动的征询函》的回复 浙江海控南科华铁数智科技股份有限公司: 你公司股票交易异常波动期间，我司不存在买卖你公司股票的情况。 特此函复。 海南 截止本回复出具日,除已披露事项外,我司不存在涉及你公司的应披露而未 披露的重大信息,包括但不限于重大资产重组、股份发行、收购、债务重组、业 务重组、资产剥离、资产注入、股份回购、股权激励、破产重整、重大业务合作、 引进战略投资者等重大事项。 你公司《股票交易异常波动的征询函》已收悉，经核查,现函复如下: ...