浙江鼎力机械股份有限公司 募集资金存放与使用情况专项报 告的鉴证报告 2024年度 您可使用手机"扫一扫"或进入"注册会计师行业装一监管运营的具有执业许可的会计师事 立信会计师事务所(特殊普通合伙) DO CHINA SHU LUN PAN CERTIFIED PUBLIC ACCOUNTANTS LLP 关于浙江鼎力机械股份有限公司2024年度募集资金存放与 使用情况专项报告的鉴证报告 信会师报字[2025]第ZA10961号 浙江鼎力机械股份有限公司全体股东: 我们接受委托,对后附的浙江鼎力机械股份有限公司(以下简称 "浙江鼎力"） 2024年度募集资金存放与使用情况专项报告(以下简 称"募集资金专项报告")执行了合理保证的鉴证业务。 一、董事会的责任 浙江鼎力董事会的责任是按照中国证券监督管理委员会《上市公 司监管指引第2号 -- 上市公司募集资金管理和使用的监管要求 (2022年修订)》(证监会公告〔2022〕15号)、《上海证券交易所 上市公司自律监管指引第1号 -- 规范运作》以及《上海证券交易所 上市公司自律监管指南第1号——公告格式》的相关规定编制募集资 金专项报告。这种责任包括设计、执行和维 ...

公司代码：603338 公司简称：浙江鼎力 浙江鼎力机械股份有限公司 2024 年度商誉减值测试报告 请年审会计师对该报告中公司填报的内容核实并确认。 年审会计师是否已核实确认：√是 □否 年审会计师姓名：杨景欣、王堪玉 会计师事务所名称：立信会计师事务所（特殊普通合伙） 一、 是否进行减值测试 √是 □否 注：如选是请继续填写后续内容。 二、 是否在减值测试中取得以财务报告为目的的评估报告 □是 √否 | 资产组名称 | 评估机构 | 评估师 | 评估报告编号 | 评估价值类型 | 评估结果 | | --- | --- | --- | --- | --- | --- | | 不适用 | | | | | | 三、 是否存在减值迹象： | | | | California Manufacturing | | | | | --- | --- | --- | --- | | and Engineering Co., | 不存在减值迹象 | 否 | 未减值不适用 | | 资产组组合 LLC | | | | 四、 商誉分摊情况 单位：元 币种：人民币 | 资产组名称 | 资产组或资产组组合的 | 资产组或资产组组合的 ...

证券代码：603338 证券简称：浙江鼎力 公告编号：2025-004 浙江鼎力机械股份有限公司 第五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 浙江鼎力机械股份有限公司（以下简称"公司"）第五届董事会第十四次会 议的通知于 2025 年 4 月 3 日以书面、邮件和电话方式发出，于 2025 年 4 月 16 日在公司会议室以现场形式召开。会议应到董事 9 人，实到董事 9 人，公司监事 和高管人员列席了会议，会议由董事长许树根先生主持，符合《公司法》和《公 司章程》的有关规定，合法有效。 二、董事会会议审议情况 表决结果：同意：9 票；反对：0 票；弃权：0 票。 本议案尚需提交公司股东大会审议通过。 （二）审议通过了《公司 2024 年度总经理工作报告》 表决结果：同意：9 票；反对：0 票；弃权：0 票。 （三）审议通过了《公司 2024 年年度报告及其摘要》 具体内容详见公司同日披露的《浙江鼎力机械股份有限公司 2024 年年度报 告》及其摘要。 表决结果：同 ...

证券代码：603338 证券简称：浙江鼎力 公告编号：2025-006 本次利润分配以实施权益分派股权登记日登记的总股本为基数，具体 日期将在权益分派实施公告中明确。 在实施权益分派的股权登记日前公司总股本发生变动的，拟维持分配 总额不变，相应调整每股分配比例，并将在相关公告中披露。 未触及《上海证券交易所股票上市规则（2024 年 4 月修订）》（以下简 称《股票上市规则》）第 9.8.1 条第一款第（八）项规定的可能被实施其他风险 警示的 。 一、利润分配方案内容 （一）利润分配方案的具体内容 截至 2024 年 12 月 31 日，浙江鼎力机械股份有限公司（以下简称"公司"） 母公司报表中期末未分配利润为人民币 6,920,716,858.19 元。经公司第五届董 事会第十四次会议决议，公司 2024 年年度拟以实施权益分派股权登记日登记的 总股本为基数分配利润。本次利润分配方案如下： 浙江鼎力机械股份有限公司 2024 年年度利润分配方案公告 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 ...

Financial Performance - The company's operating revenue for 2024 reached RMB 7,798,913,979.04, representing a 23.56% increase compared to RMB 6,311,963,849.93 in 2023[23]. - Net profit attributable to shareholders decreased by 12.76% to RMB 1,628,805,154.01 from RMB 1,867,145,468.85 in the previous year[23]. - The net cash flow from operating activities was RMB 1,916,547,999.11, down 13.96% from RMB 2,227,397,039.34 in 2023[23]. - The company's total assets increased by 8.07% to RMB 15,353,846,792.64 at the end of 2024, compared to RMB 14,207,301,141.89 at the end of 2023[23]. - The net assets attributable to shareholders rose by 11.94% to RMB 10,035,295,812.29 from RMB 8,965,233,890.65 in 2023[23]. - Basic earnings per share decreased to RMB 3.22, down 12.74% from RMB 3.69 in 2023[24]. - The weighted average return on net assets was 17.21%, a decrease of 6.15 percentage points from 23.36% in the previous year[24]. Revenue and Market Performance - The company reported quarterly revenues of RMB 1,451,856,439.94 in Q1, RMB 2,407,598,672.83 in Q2, RMB 2,274,331,111.38 in Q3, and RMB 1,665,127,754.89 in Q4[26]. - The overseas market's main business revenue was 5,522.92 million RMB, up 43.83% year-on-year[32]. - Sales revenue from the arm series products increased by 20.84%, accounting for 41.21% of the main business revenue[33]. - The company achieved operating revenue of 779,891,400 yuan, representing a year-on-year growth of 23.56%[78]. - The company has expanded its international market presence, exporting products to over 100 countries and regions, and has strengthened partnerships with large overseas rental companies[73]. Research and Development - The company invested 255.92 million RMB in R&D in 2024, representing a 16.32% increase compared to the previous year[35]. - The number of R&D personnel is 349, accounting for 13.79% of the total workforce[93]. - The total R&D investment amounted to 255,918,596.38 yuan, representing 3.28% of the operating income[93]. - The company has developed a full range of electric arm-type products, with working heights covering 16-44 meters and load capacities ranging from 230-450 kg[69]. - The company will continue to focus on R&D innovation with an emphasis on green, electric, and modular technologies, aiming to shorten R&D cycles and enhance core competitiveness[115]. Sustainability and Environmental Initiatives - The company aims to increase renewable energy generation by 47.15% in 2024 as part of its ESG strategy focused on sustainable development[38]. - The company has installed a solar photovoltaic system expected to generate 16,836.64 MWh in 2024, reducing approximately 8,675.92 tons of CO2 emissions[176]. - The company has committed to a charitable contribution of 976,300 RMB during the reporting period, supporting education and local community initiatives[178]. - The company has implemented a green supply chain management system, with 100% of new suppliers signing contracts that include environmental and labor clauses[174]. - The company is focused on sustainable development through initiatives in green manufacturing and low-carbon practices[173]. Corporate Governance and Compliance - The company has a supervisory board consisting of 3 members, including 1 employee supervisor, complying with legal requirements[128]. - The company emphasizes transparency and timely information disclosure, utilizing designated platforms such as Shanghai Securities News and the Shanghai Stock Exchange website[128]. - The company has established a legal framework for commitments made by its controlling shareholder, ensuring accountability for any violations[182]. - The company has committed to ensuring that its IPO prospectus does not contain any false statements or omissions, and will assume legal responsibility for its accuracy and completeness[181]. - The company has not faced any penalties from securities regulatory authorities in the past three years[137]. Shareholder and Management Information - The total remuneration for directors and senior management during the reporting period amounted to 595.65 million yuan[130]. - The company distributed a cash dividend of 1.00 RMB per share, totaling 506,347,879 RMB (including tax), which represents 31.09% of the net profit attributable to ordinary shareholders in the consolidated financial statements[156]. - The cumulative cash dividend amount over the last three accounting years is 1,265,869,697.50 RMB, with an average cash dividend payout ratio of 79.90%[157]. - The company has established a salary policy that links employee compensation to company performance and individual performance, ensuring a fair and transparent distribution system[148]. - The company has a long-term commitment to avoid any business competition with its controlling shareholder and related parties[182]. Risk Management - The company faces risks from anti-dumping investigations in the US and EU, which may impact market expansion and profitability, and is taking measures to mitigate these risks[120]. - The company is addressing potential risks from currency fluctuations by engaging in forward foreign exchange transactions to protect its financial status[121]. - The company is strengthening accounts receivable management to minimize the risk of bad debts as its overseas sales scale expands[123]. - The company is implementing cost control measures and optimizing its supply chain to mitigate the impact of rising raw material prices[122]. - The company has not faced any delisting risks or bankruptcy restructuring matters during the reporting period[192].

Group 1 - The core viewpoint of the article is that Zhejiang Dingli (603338) reported a revenue of 7.799 billion yuan for 2024, representing a year-on-year growth of 23.56% [1] - The net profit attributable to shareholders of the listed company for 2024 is 1.629 billion yuan, showing a year-on-year decline of 12.76% [1] - The company announced a profit distribution plan for 2024, proposing a cash dividend of 10 yuan (including tax) for every 10 shares, totaling a cash dividend distribution of 506 million yuan (including tax) [1]

Core Viewpoint - Zhejiang Dingli is a leading company in China's aerial work platform industry, with significant growth potential despite recent market adjustments [1][2][4]. Company Overview - Zhejiang Dingli Machinery Co., Ltd. was established in 2005 and has expanded its production capacity through multiple factory phases, including a new factory set to produce 4,000 large intelligent aerial platforms annually by 2024 [1]. - The company has made strategic acquisitions, including a 20% stake in Magni and a 25% stake in CMEC, enhancing its presence in North America and Europe [1]. Domestic Market Analysis - China's aerial platform rental market reached a scale of 14.88 billion yuan and a fleet of 525,000 units in 2023, with a five-year compound growth rate of 28.6% and 46.4% respectively [2]. - Despite a recent decline in sales, with a projected 33.4% drop to 87,000 units in 2024, the market still has significant room for growth compared to mature markets like the U.S. and Europe [2]. International Market Analysis - The U.S. aerial platform rental market is expected to grow to $18.1 billion by 2025, with a compound growth rate of 11.9% from 2020 [3]. - The European market has shown stable growth, with a projected market size of 3.7 billion euros by 2025, reflecting a compound growth rate of approximately 3.3% [3]. Competitive Advantages - Zhejiang Dingli has a rich product portfolio with over 200 specifications and a high degree of electrification, achieving 92.7% for scissor lifts and 100% for vertical lifts in 2022 [4][5]. - The company has established a strong market position, with a 27% share of the domestic aerial platform sales in 2023, and is recognized as one of the top five global manufacturers [4][5]. - Strategic acquisitions and partnerships have enhanced the company's market access and service capabilities, particularly in overseas markets [5]. Investment Outlook - The company is expected to see revenue growth, with projected revenues of 8.23 billion, 9.16 billion, and 10.53 billion yuan for 2024-2026, representing year-on-year growth rates of 30.5%, 11.2%, and 15.0% respectively [6]. - Net profits are forecasted to reach 2.15 billion, 2.44 billion, and 2.90 billion yuan for the same period, with growth rates of 14.9%, 13.7%, and 18.8% [6].

2025 年 04 月 12 日 多维战略应对关税挑战，全球竞争力持续巩固 —浙江鼎力（603338.SH）公司动态研究报告 买入(维持) 投资要点 分析师：尤少炜 S1050525030002 yousw@cfsc.com.cn | 基本数据 | 2 0 2 5-0 4-1 1 | | --- | --- | | 当前股价（元） | 45.19 | | 总市值（亿元） | 229 | | 总股本（百万股） | 506 | | 流通股本（百万股） | 506 | | 52 周价格范围（元） | 44-72.98 | | 日均成交额（百万元） | 346.48 | 市场表现 -40 -30 -20 -10 0 10 20 30 (%) 浙江鼎力 沪深300 资料来源：Wind，华鑫证券研究 ▌深化美国本土化布局，应对市场关税挑战 公司凭借丰富的贸易摩擦及"双反"调查应对经验，拥有应 对海外关税的方案，根据税率变化启动相应预案。公司与美 国 CMEC 合作已久，2024 年完成对美国 CMEC 公司的收购，拥 有在美国本土生产制造高空平台的能力，有效规避高关税对 出口成本的直接冲击。依托 CMEC 本土化生产基地 ...