证券代码：603319 证券简称：美湖股份 公告编号：2025-055 湖南美湖智造股份有限公司 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 | 1、出席会议的股东和代理人人数 | 308 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 58,827,958 | | 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 | 24.2306 | | 份总数的比例（%） | | (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。 会议由公司董事会召集，董事长许仲秋先生主持，采取现场投票及网络投票方式 召开并表决。会议的召集和召开符合《公司法》《上市公司股东大会规则》等有 关法律法规和《公司章程》的规定。 (一) 股东大会召开的时间：2025 年 5 月 16 日 (二) 股东大会召开的地点：湖南省衡阳市衡东县城关镇衡岳北路 69 号公司会 议室 (三) 出席会议的普通 ...

北京市朝阳区建外大街丁 12 号英皇集团中心 8、9、11 层 8/9/11/F, Emperor Group Centre, No.12D, Jianwai Avenue, Chaoyang District, Beijing, 100022, P.R.China 电话/Tel.:010-50867666 传真/Fax:010-56916450 网址/Website:www.kangdalawyers.com 北京 西安 深圳 海口 上海 广州 杭州 沈阳 南京 天津 菏泽 成都 苏州 呼和浩特 香港 武汉 郑州 长沙 厦门 重庆 合肥 宁波 济南 昆明 2024 年年度股东大会的法律意见书 康达股会字【2025】第 0188 号 致：湖南美湖智造股份有限公司 根据《中华人民共和国公司法》（以下简称"《公司法》"）、《上市公司股东大 会规则》（以下简称"《规则》"）、《湖南美湖智造股份有限公司章程》（以下简称 "《公司章程》"）及湖南美湖智造股份有限公司（以下简称"公司"）与北京市康达律 师事务所（以下简称"本所"）签订的《法律顾问协议》，本所律师受聘出席公司2024 年年度股东大会（以下简称"本次会议"） ...

证券代码：603319 证券简称：美湖股份 公告编号：2025-054 湖南美湖智造股份有限公司 关于召开 2024 年度暨 2025 年第一季度业绩说明会的 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： https://roadshow.sseinfo.com/） （一）会议召开时间：2025 年 05 月 26 日（星期一）10:00-11:00 （二）会议召开地点：上证路演中心 （三）会议召开方式：上证路演中心网络互动 三、参加人员 董事长：许仲秋先生 会议召开方式：上证路演中心网络互动 投资者可于 2025 年 05 月 19 日（星期一）至 05 月 23 日（星期五）16:00 前登录上证路演中心网站首页点击"提问预征集"栏目或通过公司邮箱 hnjyb@hnjyb.com 进行提问。公司将在说明会上对投资者普遍关注的问题进行回 答。 湖南美湖智造股份有限公司（以下简称"公司"）已于 2025 年 4 月 26 和 4 月 30 日分别发布公司 2024 年度报告、2025 年第一季度报告，为 ...

Market Overview - As of May 16, the futures concept sector declined by 0.83%, ranking among the top declines in the concept sectors [1] - Within the sector, stocks such as Yuanda Environmental Protection, Ruida Futures, and Shenwan Hongyuan experienced significant declines, while 9 stocks saw price increases, with Hongta Securities, Meihu Co., and ST Shun Tian leading the gains at 1.07%, 1.06%, and 0.63% respectively [1] Concept Sector Performance - The top-performing concept sectors today included: - PEEK Materials: +3.40% - Controlled Nuclear Fusion: +2.76% - Glyphosate: +2.72% - Huawei Automotive: +2.18% - Integrated Die Casting: +2.15% - Xiaomi Automotive: +2.14% - Chang'an Automotive Concept: +1.98% - Cultivated Diamonds: +1.93% - Organic Silicon Concept: +1.92% - Automotive Thermal Management: +1.82% - Conversely, sectors with declines included: - Horse Racing Concept: -1.41% - Free Trade Port: -1.12% - Chicken Farming: -1.06% - Shipping Concept: -1.00% - Futures Concept: -0.83% [2] Capital Flow Analysis - The futures concept sector saw a net outflow of 1.131 billion yuan, with 52 stocks experiencing net outflows, and 7 stocks seeing outflows exceeding 30 million yuan [2] - The stock with the highest net outflow was Dongfang Caifu, with a net outflow of 519 million yuan, followed by Electric Investment Production and Financing, Tianfeng Securities, and Yuanda Environmental Protection with net outflows of 561.2 million yuan, 521.4 million yuan, and 479.9 million yuan respectively [2] Top Stocks by Capital Flow - The following stocks had significant net outflows: - Dongfang Caifu: -1.33%, turnover rate 1.72%, net outflow 518.95 million yuan - Electric Investment Production and Financing: -0.28%, turnover rate 1.95%, net outflow 56.12 million yuan - Tianfeng Securities: -0.99%, turnover rate 1.68%, net outflow 52.14 million yuan - Yuanda Environmental Protection: -3.12%, turnover rate 4.28%, net outflow 47.99 million yuan - CITIC Securities: -1.39%, turnover rate 0.59%, net outflow 36.83 million yuan [3][4]

证券代码：603319 证券简称：美湖股份 公告编号：2025-053 2025 年 5 月 14 日 湖南美湖智造股份有限公司（以下简称"公司"）于 2024 年 7 月 26 日使用 闲置募集资金向兴业银行股份有限公司购买了金额为 6,000.00 万元的理财产品 （七天通知存款），具体内容详见公司于 2024 年 7 月 30 日披露于上海证券交易 所网站（www.sse.com.cn）的《关于使用部分闲置募集资金进行现金管理进展的 公告》（公告编号：2024-062）。上述理财产品于 2025 年 5 月 13 日赎回本金 6,000.00 万元，实现收益 48.50 万元。 二、截至本公告日，公司最近十二个月使用募集资金委托理财的 情况 单位：万元 | 序号 | 理财产品类型 | 实际投入金额 | 实际收回本金 | 实际收益 | 尚未收回本金金额 | | --- | --- | --- | --- | --- | --- | | 1 | 券商理财产品 | 5,000.00 | 5,000.00 | 37.19 | - | | 2 | 券商理财产品 | 3,000.00 | 3,000.00 | 10 ...

Investment Rating - The industry investment rating is maintained as "Positive" [2] Core Insights - The report emphasizes two main investment lines: leading companies in niche segments and those well-positioned in the robotics sector [2] - The automotive industry is experiencing a shift towards new energy vehicles (NEVs), with significant growth in sales and technological advancements [8][10] - The report highlights the importance of strategic partnerships and technological innovation in enhancing market competitiveness [22][24] Summary by Relevant Sections Overview of the Automotive Industry - In Q1 2025, the Chinese automotive market is characterized by a dominance of new energy vehicles, with NEV sales reaching 3.07 million units [8] - The penetration rate of new energy vehicles is projected to reach 53% in H1 2024 [10] Leading Companies in Niche Segments - **BAIC Blue Valley**: Achieved 130.6 billion yuan in NEV revenue in 2024, with a 26.4% year-on-year growth [13] - **Jianghuai Automobile**: NEV sales increased by 25.08% in 2024, with a total of 51,809 units sold [16] - **Changan Automobile**: Sold 735,000 NEVs in 2024, marking a 52.8% increase [18] - **Geely Automobile**: NEV sales reached 888,000 units in 2024, a 92% increase, with NEV revenue accounting for 41% of total revenue [20] - **BYD**: NEV sales grew over 40% in 2024, maintaining its position as the top seller in China and globally [22] Key Component Manufacturers - **Top Group**: Reported a revenue of 26.6 billion yuan in 2024, with a 35% year-on-year increase [24] - **Fuyao Glass**: Achieved 39.25 billion yuan in revenue in 2024, a growth of 18.4% [26] - **Haoneng Co.**: Revenue reached 2.36 billion yuan in 2024, with a 21.3% increase [28] - **Longsheng Technology**: Revenue of 2.4 billion yuan in 2024, a 31.2% increase [30] - **Zhejiang Rongtai**: Reported a revenue of 1.135 billion yuan in 2024, with a 42% increase [32] Robotics Sector Developments - **Songyan Power**: Launched the humanoid robot N2, which won second place in a marathon event [6] - **Beijing Humanoid Robot Innovation Center**: Developed the "Tiangong Ultra" robot, which won a marathon [6] - **Kepler**: Introduced the K2 "Bumblebee" robot, showcasing its industrial application capabilities [6] - **Yushu**: Collaborated with Great Wall Motors to enhance robot technology and smart manufacturing [6]

湖南美湖智造股份有限公司 603319 2024 年年度股东大会 会议资料 召开时间：2025 年 5 月 16 日 14 时 30 分 为了维护全体股东的合法权益，确保股东大会的正常秩序和议事效率根据 《公司法》《证券法》《上海证券交易所股票上市规则》《上市公司治理准则》以 及《公司章程》《股东大会议事规则》等相关法律、法规、规范性文件和公司内 部规章制度，制定本须知，请出席股东大会的全体人员自觉遵守。 1、为能及时统计出席会议的股东（股东代理人）所代表的持股总数，做好 会务接待工作，希望拟参加本次股东大会现场会议的各位股东配合公司做好登记 工作，并请登记出席股东大会的各位股东准时出席会议。 2、为保障大会秩序、提高大会效率、保护公司和股东的合法权益，除出席 会议的股东（或股东授权代表），公司董事、监事、高级管理人员、公司聘任律 师及董事会邀请的人员和相关工作人员外，公司有权拒绝其他人员进入本次股东 大会现场。 3、出席会议的股东（或股东代理人），依法享有发言权、表决权等各项权利， 并履行法定义务和遵守相关规则。股东要求在本次股东大会上发言的，应当在办 理会议登记手续时提出。股东临时要求发言的，应举手示意， ...

Core Viewpoint - The company has reported its quarterly financial results, ensuring the accuracy and completeness of the information provided, and has made adjustments to previous financial data due to changes in the scope of consolidation [1][2]. Financial Data Summary - The financial statements for the first quarter of 2025 have not been audited [1]. - The company has made retrospective adjustments to its financial data for the first quarter of 2024 due to changes in the scope of consolidation [1]. - The net profit of the merged entity before consolidation was reported as -815,256.89 yuan, compared to -617,444.78 yuan in the previous period [7]. Shareholder Information - The company has not reported any changes in the top ten shareholders or the status of shares lent out for margin trading [3][4]. Other Important Information - The company plans to invest approximately 700 million yuan in the "Meihu Intelligent Manufacturing Western Production and R&D Base Project" in Chongqing, with an initial investment of 200 million yuan [5]. - The project aims to establish multiple production lines with significant annual capacities for various products, including variable displacement pumps and electronic pumps [5]. - The company has signed a share transfer agreement to acquire 69,120 shares (1.25% of total equity) in NUWA Robotics Corp., which focuses on the development and production of various types of robots [6]. - The company is actively developing new products, including electronic oil pumps and hybrid engine oil pumps, targeting several automotive manufacturers [6].

Financial Performance - The company's operating revenue for Q1 2025 was CNY 523,741,296.15, representing a 12.61% increase compared to CNY 465,097,127.38 in the same period last year[4] - Net profit attributable to shareholders for the same period was CNY 54,393,637.03, up 21.43% from CNY 45,200,782.92 year-on-year[4] - The net profit after deducting non-recurring gains and losses increased by 48.04%, reaching CNY 52,117,409.62 compared to CNY 35,612,315.29 in the previous year[4] - The basic and diluted earnings per share were both CNY 0.24, a 9.09% increase from CNY 0.22 in the same period last year[5] - Net profit for Q1 2025 was ¥54,805,394.05, representing a 23.5% increase from ¥44,385,513.33 in Q1 2024[24] - The net profit attributable to the parent company for Q1 2025 was ¥54,393,637.03, an increase from ¥44,793,635.91 in Q1 2024, representing a growth of approximately 21.5%[25] Cash Flow - The net cash flow from operating activities surged by 802.10%, amounting to CNY 85,170,746.28, compared to CNY 10,805,207.05 in the same period last year[4] - The company reported a significant increase in cash flow from operating activities due to a rise in bill acceptance and a decrease in cash payments for purchases[9] - Cash flow from operating activities for Q1 2025 was ¥85,170,746.28, significantly higher than ¥9,441,428.42 in Q1 2024, marking an increase of over 800%[28] - The total cash outflow from operating activities in Q1 2025 was ¥249,928,982.32, down from ¥322,116,947.21 in Q1 2024, indicating a reduction of approximately 22.4%[28] Assets and Liabilities - Total assets at the end of the reporting period were CNY 3,981,451,599.04, reflecting a 2.91% increase from CNY 3,866,808,217.01 at the end of the previous year[5] - The company's total assets as of March 31, 2025, amounted to ¥3,981,451,599.04, compared to ¥3,868,935,299.89 at the end of 2024, indicating a growth of 2.9%[20] - The company's total liabilities decreased to ¥1,547,717,705.59 from ¥1,771,389,681.70, a reduction of 12.6%[20] - Current assets totaled ¥2,246,086,633.08 as of March 31, 2025, an increase from ¥2,165,810,077.67 at the end of 2024, marking a rise of 3.7%[20] Shareholder Information - The total number of common shareholders at the end of the reporting period is 25,886[11] - The largest shareholder, Xu Zhongqiu, holds 40,803,236 shares, accounting for 17.00% of total shares[11] - Shareholders' equity attributable to the parent company increased by 16.04%, reaching CNY 2,412,121,407.14 compared to CNY 2,084,727,632.25 at the end of the previous year[5] - The equity attributable to shareholders increased to ¥2,412,121,407.14 as of March 31, 2025, up from ¥2,078,729,315.75 at the end of 2024, reflecting a growth of 16.0%[20] Investment and Development - The company plans to invest approximately RMB 700 million in the "Meihu Intelligent Manufacturing Western Production and R&D Base Project," with an initial investment of RMB 200 million[14] - The project will include three production lines for variable displacement pumps with an annual capacity of 1.5 million sets and one electronic pump production line with an annual capacity of 450,000 sets[14] - The company signed a share transfer agreement to acquire 69,120 shares (1.25% of total equity) in NUWA Robotics Corp.[15] - New product development focuses on electronic oil pumps and hybrid engine oil pumps for various automotive manufacturers[15] - Research and development expenses for Q1 2025 were ¥31,783,830.09, slightly higher than ¥30,945,150.23 in Q1 2024, indicating a focus on innovation[24] Financial Expenses - The company reported a financial expense of ¥8,877,063.21 in Q1 2025, compared to ¥5,891,862.53 in Q1 2024, highlighting increased borrowing costs[24] - The company raised ¥191,000,000.00 through borrowings in Q1 2025, compared to ¥407,090,000.00 in Q1 2024, reflecting a decrease of about 53%[29] - The company experienced a net cash outflow from financing activities of ¥22,355,653.20 in Q1 2025, contrasting with a net inflow of ¥61,831,026.21 in Q1 2024[29]

Investment Rating - The report maintains a "Buy" rating for the company, with a target price of 47.3 yuan based on a 45 times PE valuation for 2025 [4][7]. Core Insights - The company reported a revenue of 1.977 billion yuan for 2024, reflecting a year-on-year growth of 3.65%. However, the net profit attributable to the parent company decreased by 23.48% to 166 million yuan [1][5]. - The company is actively expanding into the robotics sector, showcasing its capabilities in developing and mass-producing intelligent joint modules and core components, which are essential for robotic applications [3][4]. - The company has established partnerships with leading domestic and international robotics manufacturers, focusing on the simultaneous development and production of joint modules tailored to customer specifications [3]. Financial Performance - In 2024, the company achieved a gross margin of 23.86%, a slight increase of 0.02 percentage points year-on-year, while the net profit margin decreased by 2.93 percentage points to 8.36% [2]. - Revenue from various business segments showed mixed results, with significant growth in the electric vehicle components segment (+17.37%) and a decline in diesel and gasoline engine oil pumps [2]. - The company expects to increase its net profit to 2.55 billion yuan in 2025, with projected growth rates of 53.93% and 23.74% for the following years [4][5].