证券代码：603416 证券简称:信捷电气 公告编号：2025-026 无锡信捷电气股份有限公司 第五届董事会第九次会议决议公告 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 无锡信捷电气股份有限公司（以下称"公司"）第五届董事会第九次会议于 2025 年 5 月 16 日在公司会议室召开，会议通知于 2025 年 5 月 6 日以邮件及电 话等方式发出。本次会议由李新先生召集并主持，公司董事共计 7 人，出席本次 董事会的董事共 7 人。本次会议的召集、召开和表决程序符合《公司法》等法律 法规和《公司章程》的规定，会议合法有效。 二、董事会会议审议情况 经过参会董事充分讨论与审议，表决结果为一致通过。具体表决情况如下： 1、审议通过了《关于使用募集资金置换预先投入募投项目和已支付发行费 用的自筹资金的议案》 表决结果：7 票赞成，0 票反对，0 票弃权。 具体内容详见公司同日于上海证券交易所网站（http://www.sse.com.cn）披 露的相关公告。 2、审议通过了《关于使用自有资金、银行承 ...

2025年05月17日 证券研究报告|公司研究|公司点评 信捷电气（603416） 工控小巨人,人形机器人构筑新增长极 报告摘要 ◆ 深耕工业自动化近二十载,工控细分领域小巨人 公司成立于 2008年,主营业务是工业自动化控制产品的研发、生产和销售,主 要产品包括可编程控制器、驱动系统、人机界面、智能装置,涵盖工业自动化 系统的控制层、驱动层、执行层和传感层,是国内少数拥有工业自动化综合解 决方案的供应商。公司是国产小型 PLC、国产触摸屏的开拓者,长期位居国产 小型 PLC 市场份额前列。2022 至 2024 年，公司营收分别为 13.35 亿元、15.05 亿元、17.08 亿元，分别同比增长 2.75%、12.73%和 13.5%。 ◆ 小型 PLC 国内第二,工控产品线不断完善 2024 年公司 PLC 产品销售收入 6.48 亿元,同比增长 21.09%, 毛利率为 56.25%；其中，中型 PLC 实现销售 1000 余万元。公司在小型 PLC 领域具备 领先优势,2024 年在国内市占率 9.5%位居国内品牌第二,较 2023 年提升了 2pct。多年来,公司依靠自身在小型 PLC 市场建立的 ...

2025年05月17日 证券研究报告|公司研究|公司点评 ◆ 小型 PLC 国内第二,工控产品线不断完善 2024 年公司 PLC 产品销售收入 6.48 亿元,同比增长 21.09%, 毛利率为 56.25%；其中，中型 PLC 实现销售 1000 余万元。公司在小型 PLC 领域具备 领先优势,2024 年在国内市占率 9.5%位居国内品牌第二,较 2023 年提升了 2pct。多年来,公司依靠自身在小型 PLC 市场建立的优势,进一步向中大型 PLC 及其他工控产品延伸,巩固在传统行业领先地位的同时,加速向新能源、 半导体、机器人、医疗等高端智能制造行业拓展。此外,公司以"控制"带动 "驱动"作为销售策略取得成效,驱动系统在营收中的占比从 2016 年的 22% 提升至 2024 年的 47%, 2024 年驱动类产品收入达 8.06 亿元, 同比增长 10.57%，毛利率为 24.46%。 ◆ 多维度布局人形机器人,未来成长可期 公司积极布局人形机器人领域，目前正在开发空心杯电机、无框力矩电机及配 套系统等零部件，公司将规划空心杯和无框力矩电机生产设备和产线；同时, 公司储备了驱动器、高性能光学编码器 ...

Investment Rating - The report assigns a "Buy" rating for the company, marking its first coverage [1][10]. Core Insights - The company is transitioning from a dealer-centric model to a direct sales approach, aiming to expand its second growth curve [5]. - The company has shown strong revenue growth, with a 13.50% year-on-year increase in 2024, reaching 1.7 billion yuan, and a 14.25% increase in Q1 2025 [2][10]. - The company is actively developing key components for humanoid robots, indicating a strategic move into high-growth sectors [5][10]. Revenue and Profitability - In 2024, the company achieved a net profit of 229 million yuan, reflecting a 14.84% year-on-year increase [2]. - The revenue breakdown for 2024 shows significant contributions from various segments, with programmable logic controllers (PLC) generating 648 million yuan, a 21.09% increase, and drive systems contributing 806 million yuan, a 10.57% increase [3][10]. Business Segments - The PLC segment has a gross margin of 56.25%, while the drive systems segment has a gross margin of 24.46% [3]. - The company is expanding its presence in high-end manufacturing industries such as renewable energy, semiconductors, and robotics [3][4]. Market Performance - The company's stock has outperformed the CSI 300 index significantly, with a 123.8% increase over the past 12 months [7]. - As of May 16, 2025, the stock price is 65.42 yuan, with a market capitalization of approximately 10.28 billion yuan [7][11]. Future Projections - Revenue forecasts for 2025 to 2027 are projected at 1.99 billion yuan, 2.32 billion yuan, and 2.72 billion yuan, respectively, with corresponding net profits of 274 million yuan, 335 million yuan, and 405 million yuan [9][10]. - The report anticipates a continued increase in profitability, with a projected return on equity (ROE) rising from 10% in 2024 to 12% by 2027 [11].

Core Viewpoint - Wuxi Xinjie Electric Co., Ltd. has issued a correction announcement regarding the results of its 2024 private placement of A-shares and the changes in its share capital structure [1] Summary by Sections Correction Details - The original announcement contained inaccuracies in the number and proportion of non-restricted and restricted circulating shares before and after the issuance [1] - The corrected figures show that before the issuance, the total number of non-restricted circulating shares was 140,560,000, representing 100% of the total shares [1] - After the issuance, the number of non-restricted circulating shares is corrected to 139,505,000, which is 88.78% of the total shares, while restricted circulating shares amount to 17,633,633, representing 11.22% [1] Other Information - Aside from the corrections mentioned, all other content in the original announcement remains unchanged [1] - The company expresses apologies for any inconvenience caused to investors due to the corrections [1]

Meeting Overview - The shareholders' meeting of Wuxi Xinjie Electric Co., Ltd. was held on May 16, 2025, at the company's headquarters in Wuxi, Jiangsu Province [1] - The meeting was attended by shareholders representing 51.2708% of the total shares [1] - The meeting was convened by the board of directors and chaired by Mr. Li Xin, the chairman and general manager [1] Voting Results - All non-cumulative voting proposals were approved with a significant majority, including: - Proposal for the financial budget report, with 72,062,393 votes in favor (99.9945%) [1] - Proposal for the mid-term dividend plan, with 72,061,193 votes in favor (99.9929%) [2] - Proposal for the remuneration of directors and senior management, with 5,251,733 votes in favor (99.8877%) [2] - Proposal for the financial management plan, with 72,039,793 votes in favor (99.9632%) [2] Shareholder Voting Breakdown - The voting results indicated strong support from A-shareholders, with the following details: - For the financial budget report, 99.9945% of A-shareholders voted in favor [1] - For the mid-term dividend plan, 99.9929% of A-shareholders voted in favor [2] - For the remuneration of directors, 99.8877% of A-shareholders voted in favor [2] - For the financial management plan, 99.9632% of A-shareholders voted in favor [2] Legal Compliance - The meeting and voting procedures complied with the Company Law and the company's articles of association, ensuring the legality and validity of the resolutions passed [4] - The meeting was witnessed by lawyers Xu Qianzi and Liu Xinyi, confirming adherence to legal regulations [4]

Investment Rating - The report maintains a "Hold" rating for the company with a target price of —— yuan over the next six months [1][6]. Core Insights - The company achieved a revenue of 1.708 billion yuan in 2024, representing a year-on-year growth of 13.5%, and a net profit attributable to shareholders of 229 million yuan, up 14.8% year-on-year [1][6]. - In Q1 2025, the company reported a revenue of 390 million yuan, a year-on-year increase of 14.3%, but a quarter-on-quarter decrease of 22.0% [1][6]. - The gross profit margin is steadily increasing, with a focus on humanoid robot development [1][6]. Financial Performance Summary - For 2024, the company reported a gross margin of 37.7% and a net margin of 13.4%, with slight improvements in gross margin in Q1 2025 to 38.1% [6][8]. - The company’s servo system revenue reached 810 million yuan in 2024, growing by 10.6% year-on-year, with a gross margin of 24.5% [6][7]. - The PLC business generated 650 million yuan in revenue in 2024, up 21.1% year-on-year, maintaining a high gross margin of 56% [6][7]. Revenue and Profit Forecast - Revenue projections for 2025-2027 are 1.946 billion yuan, 2.225 billion yuan, and 2.512 billion yuan, respectively, with growth rates of 13.92%, 14.34%, and 12.91% [2][8]. - The net profit attributable to shareholders is expected to grow to 276 million yuan in 2025, 347 million yuan in 2026, and 436 million yuan in 2027, with growth rates of 20.61%, 25.83%, and 25.76% respectively [2][8]. Business Segment Analysis - The company is actively developing humanoid robots and plans to establish production lines for core components [6][7]. - The smart device segment, including machine vision and industrial robots, generated 40 million yuan in revenue in 2024, with a gross margin of 34.4% [6][7]. - The PLC market is expected to see increased domestic replacement rates, with the company aiming to capture a larger market share from foreign competitors [6][7].

证券代码：603416 证券简称:信捷电气 公告编号：2025-020 | | 发行前（截至 | | 年 2024 | 月 12 | 31 | 日） | 发行后（2025 | 年 月 5 | 13 | 日） | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 股份类型 | | | | | | | | | | | | | 股份数量（股） | | | | 股份占比（%） | | 股份数量（股） | 股份占比（%） | | | | 非限售流通股 | | 140,560,000 | | | | 100.00 | 140,560,000 | | | 89.45 | | 限售流通股 | | | - | | | - | 16,578,633 | | | 10.55 | | 总股本 | | 140,560,000 | | | | 100.00 | 157,138,633 | | | 100.00 | 现更正为： 无锡信捷电气股份有限公司 无锡信捷电气股份有限公司关于 2024 年度向特定对象发行 A 股股票结果暨股本变动公告的更正公告 ...

证券代码：603416 证券简称：信捷电气 公告编号：2025-021 无锡信捷电气股份有限公司 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 (一)股东大会召开的时间：2025 年 05 月 16 日 (二)股东大会召开的地点：江苏省无锡市滨湖区建筑西路 816 号信捷大厦 (三)出席会议的普通股股东和恢复表决权的优先股股东及其持有股份情况： | 1、出席会议的股东和代理人人数 | 82 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 72,066,293 | | 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 | | | 份总数的比例（%） | 51.2708 | (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、总经理李新先生主持，采取现场记名投票 和网络投票相结合的表决方式。会议的召集和召开符合《公司法》《上市公司股 东 ...

YUNY久云崖律师 地址:江苏省无锡市建筑西路777号A3栋21层 邮编: 214072 电话/Tel:0510-82859168 http://www.yunya.com.cn Add:21th Floor, Building A3,No.777,Jian Zhu Xi Road,Wuxl,Jiangsu Province,China,214072 江苏云崖律师事务所 关于无锡信捷电气股份有限公司 2024 年年度股东会的 法律意见书 中国·无锡市建筑西路 777 号 集成电路设计中心 A3 幢第 21 层 邮政编码:214072 江苏云崖体师事务所 法律意见书 江苏云崖律师事务所 关于无锡信捷电气股份有限公司 2024 年年度股东会的法律意见书 致:无锡信捷电气股份有限公司 根据《中华人民共和国公司法》(以下简称《公司法》)、中国证券监督管 理委员会《上市公司股东大会规则》（以下简称《股东大会规则》）等法律、法 规、规范性文件以及《元锡信捷电气股份有限公司章程》(以下简称《公司章程》)、 《无锡信捷电气股份有限公司股东大会议事规则》 (以下简称《股东大会议事规 则》）、《无锡信捷电气股份有限公司中小投资者 ...