Financial Performance - The company's operating revenue for Q3 2024 reached ¥2,274,331,111.38, representing a year-on-year increase of 38.37%[2] - The net profit attributable to shareholders for the same period was ¥636,064,840.15, up 37.72% compared to the previous year[2] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥619,511,377.24, reflecting a 45.26% increase year-on-year[2] - Basic earnings per share for Q3 2024 were ¥1.25, an increase of 37.36% from the same period last year[3] - Total operating revenue for the first three quarters of 2024 reached ¥6,133,786,224.15, a 29.3% increase from ¥4,742,085,407.64 in the same period of 2023[13] - Net profit attributable to shareholders for the third quarter of 2024 was ¥1,460,441,797.19, compared to ¥1,293,500,933.93 in the third quarter of 2023, reflecting a growth of 12.9%[14] - The company's total comprehensive income for Q3 2024 was CNY 1,080,547,096.82, down from CNY 1,295,197,931.50 in Q3 2023, reflecting a decrease of about 16.6%[15] Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥15,287,860,784.95, a 7.61% increase from the end of the previous year[3] - Total liabilities increased to ¥5,429,996,839.28 in Q3 2024, up from ¥5,242,067,251.24 in Q3 2023, indicating a rise of 3.6%[12] - As of September 30, 2024, current assets totaled CNY 11,577,137,257.30, an increase of 14.19% from CNY 10,140,072,333.10 at the end of 2023[9] - Total assets amounted to CNY 15,287,860,784.95, an increase of 7.63% from CNY 14,207,301,141.89[10] - The company's total assets reached ¥15,287,860,784.95 as of Q3 2024, up from ¥14,207,301,141.89 in Q3 2023, representing a growth of 7.6%[12] Cash Flow - The company reported a cash flow from operating activities of ¥1,467,247,384.77 for the year-to-date, showing a decrease of 4.97% year-on-year[2] - Net cash flow from operating activities for the first three quarters of 2024 was CNY 1,467,247,384.77, slightly down from CNY 1,544,052,434.01 in 2023[17] - The net cash flow from investing activities for the first three quarters of 2024 was CNY 52,167,847.66, a significant improvement from a net outflow of CNY -639,414,360.73 in the same period of 2023[17] - The cash inflow from investment activities for the first three quarters of 2024 was CNY 1,407,986,162.09, compared to CNY 1,056,023,991.88 in the same period of 2023, marking an increase of approximately 33.2%[17] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 20,273[6] - The largest shareholder, Xu Shugen, holds 45.53% of the shares, totaling 230,564,600 shares[6] Government Support - The company received government subsidies amounting to ¥7,606,027.77 during the reporting period, contributing to its financial performance[4] Current Assets - Cash and cash equivalents reached CNY 5,021,938,215.37, up from CNY 4,396,602,661.50, reflecting a growth of 14.16%[9] - Accounts receivable increased to CNY 2,722,530,899.95, a rise of 14.85% compared to CNY 2,370,778,024.24 in the previous year[10] - Inventory rose to CNY 2,307,932,945.61, marking an increase of 20.19% from CNY 1,921,374,942.24[10] - Cash and cash equivalents at the end of Q3 2024 amounted to CNY 5,021,938,215.37, compared to CNY 4,586,700,630.74 at the end of Q3 2023, reflecting a year-over-year increase of 9.5%[18] Research and Development - Research and development expenses for the first three quarters of 2024 amounted to ¥180,455,797.31, compared to ¥149,097,001.46 in the same period of 2023, marking a 21.0% increase[13] Financial Expenses - The company's financial expenses showed a significant improvement, with a net financial income of ¥63,598,703.49 in Q3 2024, compared to a loss of ¥154,421,898.16 in Q3 2023[13] Tax and Other Income - The company's tax expenses for the third quarter of 2024 were ¥241,520,541.07, slightly down from ¥248,625,617.34 in the same quarter of 2023[14] - Other comprehensive income for the third quarter of 2024 was negative at -¥381,234,004.14, compared to a positive amount of ¥1,696,997.57 in Q3 2023[14] - The company received CNY 232,950,298.17 in tax refunds during Q3 2024, compared to CNY 207,025,337.98 in Q3 2023, showing an increase of 12.4%[17] Future Outlook - The report does not provide specific future guidance or performance outlook for the upcoming quarters[9] - The company has not disclosed any new product launches or technological advancements in this report[9] - There are no updates on market expansion or mergers and acquisitions mentioned in the report[9]

证券代码：603338 证券简称：浙江鼎力 公告编号：2024-044 浙江鼎力机械股份有限公司 第五届监事会第八次会议决议公告 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。 浙江鼎力机械股份有限公司（以下简称"公司"）第五届监事会第八次会议 的通知于 2024 年 10 月 17 日以书面、邮件和电话方式发出，于 2024 年 10 月 29 日在公司会议室以现场形式召开。会议应到监事 3 人，实到监事 3 人，会议由监 事会主席向存云先生主持，符合《公司法》和《公司章程》的有关规定，合法有 效。 一、监事会会议召开情况 二、监事会会议审议情况 表决结果：同意：3 票；反对：0 票；弃权：0 票。 特此公告。 浙江鼎力机械股份有限公司监事会 2024 年 10 月 30 日 1 （一）审议通过了《公司 2024 年第三季度报告》 经审核，监事会认为：公司 2024 年第三季度报告的编制和审核程序符合法 律、法规的相关规定；公司 2024 年第三季度报告的内容和格式符合中国证监会 和上海证券交易所的规定，所包含的信息能从各方 ...

证券代码：603338 证券简称：浙江鼎力 公告编号：2024-042 浙江鼎力机械股份有限公司 关于召开 2024 年第三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： 1 会议召开时间：2024 年 10 月 30 日（星期三）上午 11:00-12:00 会议召开地点： 上海证券交易所上证路演中心（网址： http://roadshow.sseinfo.com/） 会议召开方式：上证路演中心网络互动 董事长：许树根先生 投资者可于 2024 年 10 月 23 日(星期三)至 10 月 29 日(星期二)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 dingli@cndingli. 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。 浙江鼎力机械股份有限公司（以下简称"公司"）将于 2024 年 10 月 30 日发 布公司《2024 年第三季度报告》，为便于广大投资者更全面深入地了解公司 2024 年第三季度经营成果、财务状况，公司计划于 ...

Summary of Conference Call Notes Industry or Company Involved - The discussion pertains to a specific industry, likely related to quality control or inspection services, as indicated by the mention of "检查" (inspection) and "占比" (proportion) [1] Core Points and Arguments - The proportion of inspections has decreased, but the overall volume remains stable, indicating resilience in demand despite the changing dynamics [1] - The market share of a specific category, referred to as "墨差," has reduced from over 70% to nearly 80% down to 50%, suggesting a significant shift in market dynamics [1] - Another category, denoted as "b值," currently holds about 40% market share, indicating its growing importance in the industry [1] - A third category, referred to as "重," accounts for approximately 10% of the market share, highlighting its relatively minor role compared to the others [1] Other Important but Possibly Overlooked Content - The data suggests a competitive landscape where shifts in market share could indicate changing consumer preferences or competitive pressures [1] - The stability in overall volume despite the decline in proportion may suggest that the industry is adapting to new conditions or that there are underlying factors supporting demand [1]

浙江鼎力机械股份有限公司 投资者关系活动记录表 | --- | --- | |-----------------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...

Investment Rating - Buy (First Coverage) [1] Core Views - The company has achieved steady growth in profitability through deepening its overseas market expansion [1] - The acquisition of CMEC has strengthened the company's presence in the North American market, with the potential to capture more market share [3] - The company's gross margin improved to 35.3% in H1 2024, up by 0.9 percentage points year-on-year, driven by effective cost control and scale effects [4] - The company's revenue and net profit are expected to grow significantly from 2024 to 2026, with EPS projected to increase from 4.19 yuan to 5.93 yuan [5] Financial Performance - In H1 2024, the company reported revenue of 3.859 billion yuan, a year-on-year increase of 24.56%, while net profit attributable to shareholders was 824 million yuan, a slight decrease of 0.88% due to foreign exchange losses of 40 million yuan [1] - In Q2 2024, revenue reached 2.407 billion yuan, up 34.02% year-on-year, with net profit attributable to shareholders increasing by 1.75% to 522 million yuan [1] - The company's period expense ratio was 6.69% in H1 2024, up by 4.49 percentage points year-on-year, mainly due to increased financial expenses caused by exchange rate fluctuations [4] Strategic Expansion - The company has actively pursued a global strategy, including equity cooperation and establishing subsidiaries to expand overseas sales channels [3] - The acquisition of CMEC, completed in April 2024, has given the company a 99.497% stake in CMEC, which will help accelerate its market penetration in North America [3] Future Projections - Revenue is expected to grow from 7.549 billion yuan in 2024 to 10.535 billion yuan in 2026, with a CAGR of 16.1% [5] - Net profit attributable to shareholders is projected to increase from 2.123 billion yuan in 2024 to 3.002 billion yuan in 2026, with a CAGR of 17% [5] - The company's PE ratio is expected to decrease from 12.2x in 2024 to 8.6x in 2026, indicating potential undervaluation [5]

浙江鼎力机械股份有限公司 投资者关系活动记录表 | --- | --- | |-----------------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...

gaoyy3@essence.com.cn 2024 年 09 月 08 日 浙江鼎力(603338.SH) 公司快报 证券研究报告 高空作业车 投资评级 买入-A 维持评级 12 个月目标价 57.24 元 股价 (2024-09-06) 50.28 元 交易数据 总市值(百万元) 25,459.17 流通市值(百万元) 25,459.17 总股本(百万股) 506.35 流通股本(百万股) 506.35 12 个月价格区间 43.58/72.98 元 收入稳步增长，并表 CMEC 强化全球竞 争力 事件：浙江鼎力发布 2024 年中报，上半年，公司实现营业收入 38.59 亿元，同比+24.56%，实现归母净利润 8.24 亿元，同比0.88%；单 Q2，公司实现营业收入 24.08 亿元，同比+34%，实现 归母净利润 5.22 亿元，同比+1.95%。 行业需求结构性分化特征显著，并表 CMEC 公司收入高增。根据 中国工程机械工业协会，2024 年上半年，高空作业平台总销量 10.14 万台，同比-15.19%，其中内销 5.32 万台，同比-33.7%， 出口 4.82 万台，同比+22.5%，出 ...

浙江鼎力机械股份有限公司 投资者关系活动记录表 | --- | --- | --- | |-----------------------------|---------------------------------------------------------------------------------------------------------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...

Investment Rating - The report maintains a "Buy" rating for Zhejiang Dingli (603338) with a target price of 62.52, compared to the last closing price of 48.43 [1][5]. Core Insights - The company's revenue for the first half of 2024 reached 3.859 billion yuan, a year-on-year increase of 24.56%, while the net profit attributable to shareholders was 824 million yuan, a slight decline of 0.88% [5]. - In Q2 2024, the company achieved a revenue of 2.408 billion yuan, reflecting a year-on-year growth of 34.00%, and a net profit of 522 million yuan, which is a 1.95% increase year-on-year [5]. - The arm-type products have seen significant growth, with revenue increasing by 57.67% year-on-year, accounting for 48.57% of the main business revenue [5]. - The acquisition of CMEC, which has been consolidated into the company, is expected to accelerate the expansion into the North American market, with CMEC generating revenue of 1.911 billion yuan and a net profit of 185 million yuan in the first half of 2024 [5]. Financial Performance - The gross margin for the first half of 2024 was 35.30%, an increase of 0.9 percentage points year-on-year, while the net margin decreased by 5.47 percentage points to 21.37% [5]. - The company forecasts revenues of 7.686 billion yuan, 9.190 billion yuan, and 10.909 billion yuan for 2024, 2025, and 2026 respectively, with net profits projected at 2.110 billion yuan, 2.520 billion yuan, and 3.063 billion yuan for the same years [6][5]. - The report indicates a projected PE ratio of 15 times for 2024, supporting the "Buy" rating [5].