（一）回购公司股份 公司分别于 2024 年 10 月 29 日、2024 年 11 月 15 日召开第四届董事会第二 次会议和 2024 年第三次临时股东大会，逐项审议通过了《关于以集中竞价交易 方式回购公司股份的议案》，同意公司使用自有资金或自筹资金以集中竞价交易 方式回购公司股份，回购的股份用于减少公司注册资本。 公司于 2025 年 4 月 28 日召开第四届董事会第四次会议和第四届监事会第四 次会议，审议通过《关于提前终止回购公司股份的议案》，根据公司 2024 年第 三次临时股东大会授权，公司董事会决定提前终止本次回购方案，回购期限自董 事会决议终止本回购方案之日起提前届满。公司本次回购的股份共计 8,962,847 股，根据回购方案本次回购的股份全部用于减少注册资本，公司将在中国证券登 记结算有限责任公司上海分公司注销本次所回购的股份。 （二）回购注销部分限制性股票 证券代码：603500 证券简称：祥和实业 公告编号：2025-027 浙江天台祥和实业股份有限公司 关于回购股份用于注销并减少注册资本 暨通知债权人的公告 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 ...

公司于 2025 年 4 月 28 日召开第四届董事会第四次会议和第四届监事会第四 次会议，审议通过《关于提前终止回购公司股份的议案》，根据公司 2024 年第 三次临时股东大会授权，公司董事会决定提前终止本次回购方案，回购期限自董 事会决议终止本回购方案之日起提前届满。公司本次回购的股份共计 8,962,847 股，根据回购方案本次回购的股份全部用于减少注册资本，公司将在中国证券登 记结算有限责任公司上海分公司注销本次所回购的股份。 （二）部分限制性股票回购注销 证券代码：603500 证券简称：祥和实业 公告编号：2025-025 浙江天台祥和实业股份有限公司 关于变更公司注册资本、经营范围并修订《公司章程》 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。 浙江天台祥和实业股份有限公司（以下简称"公司"）于 2025 年 4 月 28 日召开第四届董事会第四次会议,审议通过了《关于变更公司注册资本、经营范 围、取消监事会并修订<公司章程>的议案》。具体内容如下： 一、公司注册资本的变更情况 （一）回购公司股份 ...

此外，随着既有高铁线路运营年限逐年增加，高铁扣件逐渐老化， 为了确保铁路运行的安全，根据现行标准，高铁线路经 7 亿吨通货量及 经 10 年运行后，需要对铁路扣件进行更换和维护。以及随着常态化按 时速 350 公里高标运营的推进，高铁扣件的更换维护需求市场将逐步扩 大，高铁轨道扣件的精调件需求将增加。 证券代码：603500 证券简称：祥和实业 浙江天台祥和实业股份有限公司 投资者关系活动记录表 投资者关系活动 类别 □特定对象调研 ☑分析师会议 □媒体采访 □业绩说明会 □新闻发布会 □路演活动 □现场参观 □其他 参与单位名称及 人员姓名 财通证券股份有限公司 杨博星、孙瀚栋、孟欣 长江证券股份有限公司 屈奇 时间 2025 年 4 月 28 日 地点 电话会议 上市公司接待人 员姓名 副总经理、董事会秘书：齐伟 投资者关系活动 主要内容介绍 公司副总经理、董事会秘书齐伟首先介绍公司基本情况，之后与投 资者就相关问题进行了互动交流。主要交流内容如下： 一、请公司介绍下 2024 年度营收情况？ 答：2024 年，公司实现营业收入为 66,771.84 万元，较上年同期 增长 4.22%，归属于上市公司股东 ...

3、在高分子材料业务，充分发挥公司在特种工程塑料上的改性技 术优势。建产线，扩产能，提升规模效应，进一步拓展高分子改性材料 在新能源、高端装备制造中应用。 4、着力推进轨道智能检测装备产业化，立足联合研发平台，持续 开发自动化、数字化、智能化的综合性检测装备和检测机器人系列产品。 开拓无人机配套产品业务，发挥公司在高分子新材料应用领域的技术积 累，加快提高无人机配套产品的市场占有率。 三、请问公司铁路轨道综合检查仪未来行业发展前景？ 答：根据工信部装备工业司对《中国制造 2025》关于轨道交通装 备制造业的发展要求的解读，我国要借助大数据系统和云服务技术，促 进研究设计、生产制造、检测检验、运营管理等各个环节向数字化和智 能化发展，开展轨道交通装备制造基础研究和绿色智能装备研制，提升 轨道交通加工、检测装备国产化、自主化水平。《"十四五"铁路科技 创新发展规划》明确提出，探索具备全面感知与泛在互联能力的智能装 备关键技术。探索基于无人机、检测机器人等的智能巡检技术。铁路检 测设备迎来了良好的发展机遇，市场容量较大。 证券代码：603500 证券简称：祥和实业 浙江天台祥和实业股份有限公司 投资者关系活动记录表 ...

Core Viewpoint - The company reported a slight decline in net profit for 2024, but overall revenue growth was achieved, driven by specific business segments such as electronic components and rail transportation products [3][4]. Financial Performance - The company achieved an operating revenue of 667.18 million yuan, a year-on-year increase of 4.22% [3]. - The net profit was 75.43 million yuan, a decrease of 1.15% compared to the previous year, while the net profit after deducting non-recurring gains and losses was 75.52 million yuan, an increase of 15.16% [3]. - Total assets at year-end reached 1.49 billion yuan, up 21.79% year-on-year [3]. - The net cash flow from operating activities was 80.29 million yuan, an increase of 33.57% [3]. - The weighted average return on net assets was 7.70%, an increase of 0.51 percentage points from the previous year [3]. Revenue Growth Drivers - The revenue growth in 2024 was primarily attributed to the electronic components and rail transportation product segments, with electronic components revenue increasing by 20.25% and rail transportation products by 4.03% [4]. - Future growth is expected to continue in these segments, supported by advancements in robotics, new energy, artificial intelligence, automotive electronics, consumer electronics, and industrial control [4]. Future Growth Factors - The company plans to strengthen its three main business areas: electronic components, rail transportation products, and polymer modified materials, aiming for steady growth [5]. - The industrialization of the railway track comprehensive inspection instrument and the mass sales of drone supporting products are anticipated to create new growth curves for the company [5]. R&D and Product Development - The company is focused on developing automated, digital, and intelligent detection equipment and robots, as well as expanding its drone product line [6]. - Future explorations may include new applications in the field of polymer materials [6]. Industry Overview - The rail construction and maintenance market is expected to continue growing, with high fixed asset investment levels supporting the rail equipment industry [7]. - The demand for intelligent detection equipment in railways is increasing, driven by the need for digital and intelligent development in manufacturing and inspection processes [8][10]. - The electronic components market is projected to grow significantly, with a forecasted demand for aluminum electrolytic capacitors reaching 163 billion units by 2027, translating to a market size of 80.81 billion yuan [9]. - The polymer modified materials market is also expected to benefit from supportive government policies and strategic industry focus [10]. - The drone market is projected to reach 169.1 billion yuan by 2025, with continuous growth anticipated due to technological innovations and expanded application scenarios [11]. Market Position and Product Promotion - The company’s drone products have achieved mass sales and gained recognition from well-known domestic manufacturers [12]. - The railway track comprehensive inspection instrument has entered the industrialization phase and is being marketed to domestic railway bureaus, with promising market prospects due to increasing demand for intelligent detection [12]. R&D Investment - The increase in R&D investment in 2024 is primarily due to the subsidiary's focus on developing intelligent industrial detection robots and drone products [12]. - This investment has led to successful product innovations, enhancing the company's market competitiveness in the rail transportation detection and drone support sectors [12]. Future Technological Innovations - The company aims to achieve breakthroughs in special capacitor components and enhance the application of intelligent detection equipment in rail transportation [13]. - Continuous investment in R&D and collaboration with research institutions are planned to improve innovation capabilities and maintain a competitive edge [13].

证券代码：603500 证券简称：祥和实业 公告编号：2025-020 浙江天台祥和实业股份有限公司 关于 2024 年度业绩说明会召开情况的公告 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。 一、业绩说明会召开情况 浙江天台祥和实业股份有限公司（以下简称"公司"）于 2025 年 4 月 18 日(星 期 五 ) 下 午 15:00-16:00 通 过 上 海 证 券 交 易 所 上 证 路 演 中 心 （ 网 址 ： https://roadshow.sseinfo.com/）召开了 2024 年度业绩说明会。公司总经理汤 娇女士、董事会秘书齐伟先生、财务总监郑远飞女士、独立董事钟明强先生针对 2024 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、交流的主要问题及本公司的回复情况 （1）请问贵公司本期财务报告中，盈利表现如何？ 答：尊敬的投资者您好！2024 年度，公司全年实现营业收入 66,771.84 万 元，较上年同期增长 4.22%， ...

Group 1: Market Overview - The convertible bond market continued to decline alongside the equity market, with the China Convertible Bond Index dropping by 1.70% to 420.91 points as of April 11, 2025, while the Shanghai Composite Index fell by 3.11% to 3,238.23 points [1][11][24] - The trading volume and turnover of convertible bonds saw significant increases, with trading volume rising by 105.0% and turnover increasing by 93.0% to 30,833 million hands and 4,654.56 billion respectively [2][24] - The performance of various sectors varied, with the agriculture, forestry, animal husbandry, fishery, retail, national defense, and food and beverage sectors showing positive performance, while the electrical equipment, communication, machinery, media, and steel sectors experienced the largest declines [19][36] Group 2: Convertible Bond Valuation - The convertible bond premium rate rose to 54.99%, an increase of 20.11% from the previous week, approaching the 50th percentile level of the past 24 years [3][39] - High premium rates were observed in the textile, food and beverage, pharmaceutical, construction materials, and non-bank financial sectors, while lower rates were noted in agriculture, banking, communication, and commercial trade sectors [42] - The pure bond premium rates were higher in the public utility, national defense, automotive, computer, and mining sectors, while lower rates were seen in media, commercial trade, non-bank financial, steel, and banking sectors [42] Group 3: Supply and Demand Dynamics - As of April 11, 2025, the total balance of listed convertible bonds was 7,023.16 billion, a decrease of 18.29 billion from the previous week, with a weighted average remaining term of 2.8 years [4][48] - The issuance dynamics included three new convertible bonds listed, with total issuance sizes of 5.00 billion, 0.67 billion, and 0.354 billion respectively, and one bond announced for issuance with a planned size of 1.175 billion [51][52] - Demand for convertible bonds from convertible bond funds continued to rise, with the market value held by these funds reaching 1,688.97 billion, a growth of 15.4% compared to the previous quarter [4][48]

轨交设备板块短线拉升，祥和实业（603500）2连板，交大思诺（300851）涨超10%，雷尔伟 （301016）、研奥股份（300923）、祥和实业、金鹰重工（301048）、神州高铁（000008）等跟涨。 暗盘资金正涌入这些股票，点击速看>>> ...

轨交设备板块走高，祥和实业（603500）、神州高铁（000008）涨停，雷尔伟（301016）涨超10%，神 州高铁、铁大科技、长青科技（001324）、必得科技（605298）、今创集团（603680）等跟涨。 暗盘资金正涌入这些股票，点击速看>>> ...

重要内容提示： 限制性股票回购注销原因及数量：因公司 2022 年限制性股票激励计划第 二个解除限售期解除限售条件未达成以及 4 名激励对象离职，本次回购注销数量 合计为 1,980,193 股。 调整后的回购价格：2022 年限制性股票激励计划首次授予及预留授予部 分限制性股票回购价格分别调整为：4.45 元/股、4.18 元/股。 根据《上市公司股权激励管理办法》以及《浙江天台祥和实业股份有限公司 2022 年限制性股票激励计划（草案）》（以下简称"《激励计划》"）的有关规 定，浙江天台祥和实业股份有限公司（以下简称"公司"）于 2025 年 4 月 8 日 召开了第四届董事会第三次会议和第四届监事会第三次会议，审议通过了《关于 回购注销 2022 年限制性股票激励计划部分限制性股票及调整回购价格的议案》。 根据公司 2022 年第一次临时股东大会的授权，董事会决定回购注销 4 名离职的 激励对象已获授但尚未解除限售的限制性股票 38,640 股和公司 2022 年限制性股 票激励计划第二个解除限售期解除限售条件未达成回购注销其余全体股权激励 对象已获授但尚未解除限售的限制性股票 1,941,553 股， ...