证券代码：603489 证券简称：八方股份 公告编号：2024-037 八方电气（苏州）股份有限公司 第三届董事会第六次会议决议公告 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个别及连带责任。 一、董事会会议召开情况 八方电气（苏州）股份有限公司（以下简称"公司"）于 2024 年 10 月 29 日以现场方式召开了第三届董事会第六次会议，会议通知于 2024 年 10 月 27 日以电子邮件方式发出。本次会议由董事长王清华 先生召集并主持，会议应出席董事 6 名，实际出席董事 6 名，公司监 事及高级管理人员列席了会议。本次会议的召集、召开及表决程序符 合《公司法》及《公司章程》等文件的相关规定，程序合法，会议决 议有效。 二、董事会会议审议情况 经与会董事审议，一致通过如下议案： （一）审议通过《2024 年第三季度报告》 本议案经董事会审计委员会全体成员一致同意并提交董事会审 议。 《2024 年第三季度报告》详见公司同日在上海证券交易所网站 （www.sse.com.cn）披露的相关内容。 表决结果：6 票同意，0 票反对， ...

证券代码：603489 证券简称：八方股份 公告编号：2024-040 八方电气（苏州）股份有限公司 关于全资子公司房产出租暨关联交易的公告 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个别及连带责任。 重要内容提示： 1. 八方电气（苏州）股份有限公司（以下简称"公司"）全资 子公司八方新能源（苏州）有限公司（以下简称"八方新能源"）拟 将其持有的部分房产出租给高乐普电气（苏州）有限公司（以下简称 "高乐普电气"），租期 2 年，预计每年收取的租金及各项费用合计 不超过人民币（下同）500 万元。 因高乐普电气为公司持股 5%以上股东、董事兼副总经理贺先兵 先生实际控制的企业，本次交易构成关联交易。 2. 本次交易已经公司第三届董事会第六次会议审议通过，无需 提交股东大会审议，未构成《上市公司重大资产重组管理办法》规定 的重大资产重组。 3. 除本公告披露的交易事项外，过去 12 个月内，公司未与同一 关联人进行交易，也未与不同关联人进行交易类别相关的交易。 一、关联交易概述 （一）交易情况概述 （二）本次交易的目的和原因 公司原电 ...

证券代码：603489 证券简称：八方股份 公告编号：2024-039 八方电气（苏州）股份有限公司 关于出售资产暨关联交易的公告 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个别及连带责任。 重要内容提示： 1. 八方电气（苏州）股份有限公司（以下简称"公司"、"八方 股份"）为提高公司资产运营效率、降低管理成本，拟整体出售与电 摩事业部相关的资产（以下简称"标的资产"），交易对方为高乐普电 气（苏州）有限公司（以下简称"高乐普电气"），交易价格为 2,790.27 万元（含存货及设备类固定资产 13%增值税）。因高乐普电气为公司持 股 5%以上股东、董事兼副总经理贺先兵先生实际控制的企业，本次交 易构成关联交易。 2.本次交易已经公司第三届董事会第六次会议审议通过，无需提 交股东大会审议，未构成《上市公司重大资产重组管理办法》规定的 重大资产重组。 3.除本公告披露的交易事项外，过去 12 个月内，公司未与同一 关联人进行交易，也未与不同关联人进行交易类别相关的交易。 一、关联交易概述 （一）交易情况概述 1 公司为提高资产运营效 ...

证券代码：603489 证券简称：八方股份 公告编号：2024-038 八方电气（苏州）股份有限公司 第三届监事会第六次会议决议公告 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个别及连带责任。 一、监事会会议召开情况 八方电气（苏州）股份有限公司（以下简称"公司"）于 2024 年 10 月 29 日以现场方式召开了第三届监事会第六次会议，会议通知于 2024 年 10 月 27 日以电子邮件方式发出。本次会议由监事会主席蔡 金健先生召集并主持，会议应出席监事 3 名，实际出席监事 3 名。本 次会议的召集、召开及表决程序符合《公司法》及《公司章程》等文 件的相关规定，程序合法，会议决议有效。 二、监事会会议审议情况 经与会监事审议，一致通过如下议案： （一）审议通过《2024 年第三季度报告》 监事会认为：董事会编制和审议 2024 年第三季度报告的程序符 合相关法律、行政法规和《公司章程》的规定，报告的内容真实、准 确、完整地反映了公司的财务状况、经营成果及重要事项。在公司 2024 年第三季度报告编制和审议的过程中，监事会未发 ...

证券代码：603489 证券简称：八方股份 公告编号：2024-036 八方电气（苏州）股份有限公司 关于持股 5%以上股东、董事兼副总经理 股份转让计划期限届满暨未转让股份的公告 本公司董事会、全体董事及相关股东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： 股东持股的基本情况 截至本公告披露日，八方电气（苏州）股份有限公司（以下简称 "公司"）持股 5%以上非第一大股东、董事兼副总经理贺先兵先生直 接持有公司 38,449,459 股股份，占公司股份总数的比例约为 16.36%； 通过宁波冠群信息科技中心（有限合伙）间接持有公司 10,578,708 股股份，占公司股份总数的比例约为 4.50 %。贺先兵先生以上直接 及间接合计持有公司 49,028,167 股股份，占公司股份总数的比例约 为 20.86%，股份来源为公司首次公开发行前取得的股份和公司资本 公积转增股本取得的股份。 减持计划的基本情况 贺先兵先生原计划于 2024 年 7 月 4 日至 2024 年 10 月 3 日期间 通过大宗交易方式向其配偶李俊丽女士持有 ...

证券代码：603489 证券简称：八方股份 公告编号：2024-032 八方电气（苏州）股份有限公司 表决结果：3 票同意，0 票反对，0 票弃权。 第三届监事会第五次会议决议公告 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个别及连带责任。 一、监事会会议召开情况 八方电气（苏州）股份有限公司（以下简称"公司"）于 2024 年 8 月 27 日以现场方式召开了第三届监事会第五次会议，会议通知于 2024 年 8 月 17 日以电子邮件方式发出。本次会议由监事会主席蔡金 健先生召集并主持，会议应出席监事 3 名，实际出席监事 3 名。本次 会议的召集、召开及表决程序符合《公司法》及《公司章程》等文件 的相关规定，程序合法，会议决议有效。 二、监事会会议审议情况 经与会监事审议，一致通过如下议案： （一）审议通过《2024 年半年度报告》 监事会认为：董事会编制和审议 2024 年半年度报告的程序符合 相关法律、行政法规和《公司章程》的规定，报告的内容真实、准确、 完整地反映了公司的财务状况、经营成果及重要事项。在公司 2024 年半 ...

Financial Performance - The company's operating revenue for the first half of 2024 was ¥682,123,743.35, a decrease of 25.23% compared to ¥912,264,967.45 in the same period last year[15]. - The net profit attributable to shareholders for the first half of 2024 was ¥50,652,683.63, down 51.48% from ¥104,393,703.85 in the previous year[15]. - The net cash flow from operating activities decreased by 87.26%, amounting to ¥50,189,252.63 compared to ¥393,952,382.67 in the same period last year[15]. - The basic earnings per share for the first half of 2024 was ¥0.22, a decline of 50.00% from ¥0.44 in the same period last year[16]. - The weighted average return on net assets decreased to 1.84%, down 1.79 percentage points from 3.63% in the previous year[16]. - The total assets at the end of the reporting period were ¥3,335,919,175.84, a slight decrease of 0.16% compared to ¥3,341,373,217.01 at the end of the previous year[15]. - The net assets attributable to shareholders decreased by 4.36%, amounting to ¥2,631,957,395.03 compared to ¥2,751,823,384.95 at the end of the previous year[15]. - The company reported a total non-recurring gains and losses of RMB 4,139,701.75, with significant contributions from government subsidies (RMB 2,691,240.40) and fair value changes of financial assets (RMB 1,020,663.55)[18]. Market Conditions - The company faced a decline in sales orders due to weak terminal market demand, leading to reduced revenue and profit[17]. - The European electric bicycle market saw a sales volume of approximately 5.13 million units in 2023, a year-on-year decrease of 7%, but the market penetration rate increased from 27.2% in 2022 to about 30%[21]. - The European electric motorcycle market registered a decline of 20.1% in 2023, indicating a cooling demand after rapid growth in 2022[23]. - The traditional electric bicycle market in China is entering a phase of stock competition, with a focus on high-quality development following the "new national standard" policy[22]. Research and Development - The company specializes in the research, production, and sales of electric bicycle motors and electrical systems, with a strong focus on customized products to enhance customer value and maintain competitive advantage[19]. - The company is committed to increasing R&D investment to develop better-performing products based on existing offerings[25]. - The company launched the GVT (Gear, Variable, Transmission) technology platform and the G500A automatic five-speed hub, enhancing the riding experience with automatic shifting capabilities[30]. - The company received multiple awards for its DP C010 instrument, including the 2024 China Cycle Innovation Award and the 2024 German Design Award, recognizing its R&D capabilities in smart interactive solutions[30]. Environmental Compliance - The company achieved a significant milestone by obtaining the pollution discharge registration permit on October 17, 2023, with registration number 91320594752730989M002W, indicating compliance with environmental regulations[48]. - The company reported zero production wastewater, with only domestic sewage treated and discharged into the municipal system, meeting standards[48]. - The company effectively managed air emissions, ensuring that all pollutants from welding, adhesive processes, and kitchen fumes met the stipulated discharge standards[48]. - Noise levels from production equipment were maintained below 65dB(A) during the day and 55dB(A) at night, complying with the industrial noise emission standards[48]. - The company implemented measures for solid waste management, achieving zero emissions through proper storage and disposal of hazardous and general industrial waste[48]. - The company is committed to reducing carbon emissions by utilizing renewable resources in product development and enhancing automation in manufacturing processes[50]. - A photovoltaic solar power station was established to reduce energy consumption and promote sustainable practices[50]. Corporate Governance - The controlling shareholder Wang Qinghua committed to lock up shares for 36 months post-IPO and extend the lock-up by 6 months if the stock price falls below the issue price for 20 consecutive trading days within the first 6 months[52]. - The company aims to avoid and reduce related party transactions, ensuring that any unavoidable transactions adhere to fair market pricing principles[55]. - Wang Qinghua also pledged not to engage in any business that competes with the company's main operations, ensuring no conflict of interest[54]. - The company has implemented measures to prevent dilution of immediate returns, as detailed in the prospectus[56]. - The company’s board members and senior management are restricted to transferring no more than 25% of their shares annually during their tenure[53]. - The company has established a commitment to ensure that the prospectus does not contain false records or misleading statements[52]. - The company will not distribute cash dividends to shareholders who violate competition commitments until compliance is achieved[54]. - The company’s controlling shareholders have committed to not transferring shares for 6 months after leaving their positions[53]. - The company will ensure that any related party transactions are conducted in accordance with legal and regulatory requirements to protect minority shareholders[55]. - The company’s controlling shareholders will cease operations of any competing businesses if conflicts arise with the company’s expanded operations[54]. Financial Position - The total amount of raised funds is CNY 130,320,000, with a net amount after issuance costs of CNY 123,758,020[64]. - As of the reporting period, the cumulative investment of raised funds reached CNY 117,654,810, representing an investment progress of 95.07%[64]. - The lithium-ion battery pack production project has a planned investment of CNY 239,442,400, with a cumulative investment of CNY 251,029,200, achieving 104.84% of the planned progress[66]. - The overseas market marketing project has a planned investment of CNY 129,748,800, with a cumulative investment of CNY 128,223,800, achieving 98.82% of the planned progress[66]. - The company has permanently supplemented CNY 81,210,300 of remaining raised funds into working capital after terminating certain investment projects[68]. - The company repurchased and canceled 139,342 restricted stocks due to unmet conditions for the third release of the incentive plan[71]. - The total share capital after the capital reserve transfer increase is adjusted to 235,013,003 shares, effective from July 8, 2024[72]. - The company has not reported any changes in the feasibility of projects funded by raised capital[66]. - The cumulative investment of raised funds in the electric drive system technology center upgrade project is CNY 134,079,400, achieving 100% of the planned progress[66]. - The company has not disclosed any significant changes in the use of raised funds during the reporting period[67]. Shareholder Information - The total number of ordinary shareholders as of the end of the reporting period is 13,030[75]. - The top shareholder, Wang Qinghua, holds 68,040,000 shares, representing 40.50% of the total shares[75]. - The second-largest shareholder, He Xianbing, holds 27,463,899 shares, accounting for 16.35%[75]. - The total number of restricted shares at the beginning of the period was 139,342, with all being released during the reporting period[73]. - The financial director, Zhou Qin, reduced her holdings from 16,968 shares to 8,484 shares due to the repurchase and cancellation of restricted stock[77]. - The company has no changes in controlling shareholders or actual controllers during the reporting period[77]. - There were no strategic investors or general corporations becoming top shareholders due to new share placements[76]. - The company did not issue any bonds or convertible bonds during the reporting period[77]. - The number of shares held by the top ten shareholders does not include any shares lent through margin trading[75]. - There were no changes in the number of restricted shares held by the top ten shareholders during the reporting period[76]. Asset and Liability Management - As of June 30, 2024, total current assets amounted to CNY 2,257,279,475.11, a slight decrease from CNY 2,267,464,055.68 as of December 31, 2023, representing a decline of approximately 0.9%[78]. - The company's cash and cash equivalents decreased to CNY 1,490,391,159.78 from CNY 1,543,303,904.09, reflecting a reduction of about 3.4%[78]. - Accounts receivable increased significantly to CNY 333,753,879.43 from CNY 275,186,864.30, marking an increase of approximately 21.3%[78]. - Total liabilities as of June 30, 2024, reached CNY 703,961,780.81, up from CNY 589,549,832.06, indicating an increase of around 19.4%[80]. - The company's total equity decreased to CNY 2,631,957,395.03 from CNY 2,751,823,384.95, a decline of about 4.3%[80]. - Fixed assets increased to CNY 669,415,785.47 from CNY 536,108,359.36, representing a growth of approximately 24.8%[79]. - The company reported a significant increase in inventory, which rose to CNY 232,225,744.53 from CNY 225,577,005.20, an increase of about 2.9%[78]. - Short-term borrowings rose to CNY 4,572,860.38 from CNY 2,490,391.70, reflecting an increase of approximately 83.5%[79]. - The company’s other receivables increased to CNY 7,992,252.84 from CNY 6,300,114.63, marking an increase of about 26.9%[78]. - Deferred income tax assets increased to CNY 30,746,582.45 from CNY 24,565,237.49, representing an increase of approximately 25.2%[79]. Revenue Recognition and Accounting Policies - The company recognizes revenue when control of goods is transferred to customers, which is determined by the ability to direct the use of and obtain substantially all economic benefits from the goods[175]. - The company allocates transaction prices to multiple performance obligations based on their standalone selling prices[175]. - The company uses the input method or output method to determine the progress of service performance for revenue recognition[175]. - The company recognizes revenue from domestic sales when products are delivered and accepted by customers, and payment is received, ensuring that the risks and rewards of ownership have transferred[176]. - For international sales, revenue is recognized upon customs clearance and receipt of payment, with similar conditions regarding the transfer of risks and rewards[176]. - The company ensures that all revenue recognition and cost accounting practices comply with relevant accounting standards and regulations[177]. Taxation - The company has been recognized as a high-tech enterprise, allowing it to enjoy a reduced corporate income tax rate of 15% for three consecutive years starting from 2023[189]. - The main tax rates applicable to the company include a 13% VAT, 25% corporate income tax, and 7% urban maintenance and construction tax[187]. - The company confirms deferred tax assets related to deductible temporary differences arising from mergers if future taxable income is expected to be sufficient[181]. - The company has a tax rate of 15% for its subsidiaries in the Netherlands and Germany, while the tax rate in Poland is 19% and in the United States is 21%[188]. Employee Compensation and Benefits - Employee compensation includes various forms of remuneration, with short-term compensation recognized as liabilities in the period services are provided[163]. - The company recognizes short-term employee benefits, including wages and bonuses, as liabilities and expenses in the period incurred[164]. - For defined benefit plans, the company calculates the present value of obligations and service costs using actuarial assumptions[165]. - The company confirms employee compensation liabilities for termination benefits when the company cannot unilaterally withdraw the benefits or when costs related to restructuring are recognized[167]. Financial Instruments and Risk Management - Financial instruments are classified based on the business model and cash flow characteristics, including those measured at amortized cost and fair value[131]. - The company applies the expected credit loss model for impairment of loan commitments and financial guarantee contracts[133]. - The company recognizes expected credit losses based on the risk of default for financial assets measured at amortized cost and those measured at fair value with changes recognized in other comprehensive income[136]. - The company prioritizes the use of observable inputs for fair value measurement, categorizing inputs into three levels based on their observability[140].

证券代码：603489 证券简称：八方股份 公告编号：2024-034 八方电气（苏州）股份有限公司 关于召开 2024 年半年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： 本次投资者说明会以网络互动形式召开，公司将针对 2024 年半 1 会议召开时间：2024 年 9 月 6 日(星期五) 下午 15:00-16:00 会议召开地点： 上海证券 交易所上证路演中心（ 网 址 ： https://roadshow.sseinfo.com/） 会议召开方式：上证路演中心网络互动 年度的经营成果及财务指标的具体情况与投资者进行互动交流和沟 通，在信息披露允许的范围内就投资者普遍关注的问题进行回答。 二、 说明会召开的时间、地点 投资者可于 2024 年 8 月 30 日(星期五) 至 9 月 5 日(星期四)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 security@bafang-e.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。 八 ...

八方电气（苏州）股份有限公司 2024 年半年度募集资金存放与使用的专项报告 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个别及连带责任。 根据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》《上海证券交易所上市公司自 律监管指引第 1 号——规范运作》等文件的要求，现将八方电气（苏 州）股份有限公司（以下简称"公司"）截至 2024 年 6 月 30 日募集 资金存放与使用的情况说明如下： 一、募集资金基本情况 经中国证券监督管理委员会证监许可[2019]1741 号《关于核准 八方电气（苏州）股份有限公司首次公开发行股票的批复》核准，公 司于 2019 年 10 月向社会公开发行人民币普通股（A 股）3,000.00 万 股，每股发行价为 43.44 元，应募集资金总额为人民币 130,320.00 万元，扣除保荐机构（主承销商）保荐费、承销费不含税金额合计 4,823.40 万元，公司实际募集资金 125,496.60 万元（其中募集资金 净额 123,758.02 万元，其他发行费用 ...

Investment Rating - The report maintains a "Buy" rating for the company, citing the gradual normalization of inventory levels and the potential for improved profitability in the second half of 2024 [2][3] Core Views - The company's performance has been under pressure due to high industry inventory and slowing end-demand, particularly in the European e-bike market, where sales in Germany and the Netherlands declined by 4.55% and 6.79% respectively in 2023 [1] - Long-term demand for e-bikes remains strong, supported by government subsidies and infrastructure investments in Europe, low penetration in the US, and policy support in China [1] - The company has accelerated brand building and improved after-sales services, participating in major international exhibitions and launching a direct-to-dealer service system [1] Financial Projections - Revenue is projected to grow from 1,764 million RMB in 2024 to 2,278 million RMB in 2026, with a CAGR of 12.92% [2] - Net profit is expected to increase from 146 million RMB in 2024 to 245 million RMB in 2026, with a CAGR of 15.92% [2] - The company's PE ratio is forecasted to decline from 29x in 2024 to 17x in 2026, indicating improving valuation metrics [2] Market Performance - The company's stock price has underperformed the CSI 300 index, with a relative decline of 41% over the past year [5] - Over the past three months, the stock has seen a relative decline of 16.54% and an absolute decline of 26.39% [6] Financial Health - The company's gross margin is expected to improve from 28.9% in 2023 to 31.1% in 2026, driven by better inventory management and cost control [7] - ROE is projected to increase from 4.6% in 2023 to 8.1% in 2026, reflecting improved profitability and efficiency [7] - The company maintains a strong balance sheet with a low debt-to-equity ratio, expected to remain below 23% through 2026 [7]