Investment Rating - The report maintains a "Recommended" rating for the company [3][4]. Core Views - The company achieved record high performance in 2023, with operating revenue of 4.2 billion yuan, a year-on-year increase of 26.91%, and a net profit attributable to shareholders of 982 million yuan, up 47.9% year-on-year [1]. - The company's profitability has significantly improved, with a gross margin of 41.90% and a net margin of 23.39%, both showing year-on-year increases [1]. - The company is positioned as a global energy solutions provider, benefiting from the growth of the global smart grid market, with projected revenues of 5.25 billion, 6.57 billion, and 8.23 billion yuan for 2024, 2025, and 2026, respectively [3][12]. Summary by Sections Financial Performance - In Q4 2023, the company reported revenue of 1.33 billion yuan, a year-on-year increase of 43.84%, and a net profit of 314 million yuan, up 61.17% year-on-year [1]. - The company’s operating income for 2023 was 4.2 billion yuan, with a net profit of 982 million yuan, and a significant increase in non-recurring net profit to 941 million yuan, reflecting a growth of 60.08% [1][12]. Business Segments - The smart electricity segment generated revenue of 3.595 billion yuan, a year-on-year increase of 23.93%, driven by a significant rise in system software and solutions [2]. - The smart distribution segment achieved revenue of 406 million yuan, up 24.19%, due to new market development and project wins in Africa [2]. - The renewable energy segment saw a remarkable revenue increase of 283.50%, reaching 163 million yuan, attributed to overseas equipment advantages and domestic project wins [2]. International Expansion - The overseas market showed strong growth, with revenue reaching 2.791 billion yuan, a year-on-year increase of 51.29%, supported by the company's global supply chain strategy and local operations in Africa and Latin America [3][11]. - The company has initiated factory layout planning in Europe and Latin America, enhancing its global operational footprint [3]. Future Projections - The company forecasts revenue growth rates of 25.1% for 2024 and 2025, and 25.2% for 2026, with net profits expected to grow at rates of 24.6%, 26.0%, and 26.1% respectively [3][12].

公司代码：603556 公司简称：海兴电力 杭州海兴电力科技股份有限公司 2023 年度内部控制评价报告 杭州海兴电力科技股份有限公司全体股东： 根据《企业内部控制基本规范》及其配套指引的规定和其他内部控制监管要求（以下简称企业内部 控制规范体系），结合本公司（以下简称公司）内部控制制度和评价办法，在内部控制日常监督和专项 监督的基础上，我们对公司2023年12月31日（内部控制评价报告基准日）的内部控制有效性进行了评价。 一. 重要声明 按照企业内部控制规范体系的规定，建立健全和有效实施内部控制，评价其有效性，并如实披露内 部控制评价报告是公司董事会的责任。监事会对董事会建立和实施内部控制进行监督。经理层负责组织 领导企业内部控制的日常运行。公司董事会、监事会及董事、监事、高级管理人员保证本报告内容不存 在任何虚假记载、误导性陈述或重大遗漏，并对报告内容的真实性、准确性和完整性承担个别及连带法 律责任。 公司内部控制的目标是合理保证经营管理合法合规、资产安全、财务报告及相关信息真实完整，提 高经营效率和效果，促进实现发展战略。由于内部控制存在的固有局限性，故仅能为实现上述目标提供 合理保证。此外，由于情况的 ...

杭州海兴电力科技股份有限公司 已审财务报表 2023年度 杭州海兴电力科技股份有限公司 目 录 | | 页 次 | | | | --- | --- | --- | --- | | 审计报告 | 1 - | | 7 | | 已审财务报表 | | | | | 合并资产负债表 | 8 | - | 9 | | 合并利润表 | 10 | - | 11 | | 合并股东权益变动表 | 12 | | | | 合并现金流量表 | 13 | - | 14 | | 公司资产负债表 | 15 | - | 16 | | 公司利润表 | 17 | | | | 公司股东权益变动表 | 18 | | | | 公司现金流量表 | 19 | - | 20 | | 财务报表附注 | 21 | - | 109 | | 补充资料 | | | | | 1. 非经常性损益明细表 | | 1 | | | 2. 净资产收益率和每股收益 | | 2 | | 审计报告 安永华明（2024）审字第70013391_K02号 杭州海兴电力科技股份有限公司 杭州海兴电力科技股份有限公司全体股东： 一、审计意见 我们审计了杭州海兴电力科技股份有限公司的财务报表，包括2 ...

为真实反映公司2023年12月31日的财务状况及2023年度的经营成果，按照 《企业会计准则》的相关规定，基于谨慎性原则，公司对合并财务报表范围内的 各类资产进行了全面清查和减值测试，根据测试结果对存在减值迹象的资产相应 计提了减值准备。 本次计提减值损失的金额计入的报告期间为 2023 年 1 月 1 日至 2023 年 12 月 31 日。累计计提各类资产及信用减值 10,897.02 万元，计提减值具体情况如 下： 杭州海兴电力科技股份有限公司（以下简称"公司"）于2024年4月12日召 开公司第四届董事会第十六次会议、第四届监事会第十一次会议，会议审议通过 了公司《关于2023年度计提资产减值准备的议案》。 证券代码：603556 证券简称：海兴电力 公告编号：2024-015 现将具体情况公告如下： 杭州海兴电力科技股份有限公司 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。 关于2023年度计提资产减值准备的公告 一、本次计提减值损失的概述 1、存货跌价准备 | 项目 | | 计提减值损失金额（万元） | | ...

本人张文亮，男，1954 年出生，中国国籍，无境外永久居留权，研究生毕 业，工学硕士，教授级高级工程师，博士生导师，中共党员。现担任嘉泽新能源 股份有限公司独立董事，中国电工技术学会副理事长，中国电机工程学会会士。 曾任国家电网公司人事与董事部主任、副总工程师、总经理助理、顾问，中国电 力科学研究院院长，国家电网计量中心主任，电力部（水电部、能源部、国家电 力公司）武汉高压研究所所长，国家高电压计量站站长，中央企侨联副主席兼秘 书长。兼任中国电机工程学会标准化工作委员会委员，中国电工技术学会标准化 工作委员会副主任委员，电力行业供用电标准化技术委员会主任委员，中国能源 研究会电能技术标准化技术委员会主任委员等，自 1993 年起享受国务院政府特 殊津贴。本人自 2021 年 12 月起担任公司董事会独立董事。 杭州海兴电力科技股份有限公司 独立董事 2023 年度述职报告 （张文亮） 作为杭州海兴电力科技股份有限公司（以下简称"公司"）的独立董事，本 人严格按照《中华人民共和国公司法》、《上市公司治理准则》、《上市公司独立董 事管理办法》、《上海证券交易所上市公司自律监管指引第 1 号——规范运作》、 《公司 ...

证券代码：603556 证券简称：海兴电力 公告编号：2024-011 杭州海兴电力科技股份有限公司 关于续聘会计师事务所的公告 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： 拟聘任的会计师事务所名称：安永华明会计师事务所（特殊普通合伙） 一、拟聘任会计师事务所的基本情况 （一）机构信息 1、基本信息 安永华明会计师事务所（特殊普通合伙）（以下简称"安永华明"），于 1992 年 9 月成立，2012 年 8 月完成本土化转制，从一家中外合作的有限责任制事务 所转制为特殊普通合伙制事务所。安永华明总部设在北京，注册地址为北京市东 城区东长安街 1 号东方广场安永大楼 17 层 01-12 室。 截至 2023 年末拥有合伙人 245 人，首席合伙人为毛鞍宁先生。安永华明一 直以来注重人才培养，截至 2023 年末拥有执业注册会计师近 1800 人，其中拥有 证券相关业务服务经验的执业注册会计师超过 1500 人，注册会计师中签署过证 券服务业务审计报告的注册会计师近 500 人。 安永华明 2022 年度业务 ...

安永华明会计师事务所（特殊普通合伙）（以下简称"安永华明"），于 1992 年 9 月成立，2012 年 8 月完成本土化转制，从一家中外合作的有限责任制事务 所转制为特殊普通合伙制事务所。安永华明总部设在北京，注册地址为北京市东 城区东长安街 1 号东方广场安永大楼 17 层 01-12 室。截至 2023 年末拥有合伙人 245 人，首席合伙人为毛鞍宁先生。安永华明拥有财政部颁发的会计师事务所执 业资格，于美国公共公司会计监督委员会（US PCAOB）注册，是中国首批获得 证券期货相关业务资格和 H 股企业审计资格事务所之一，在证券业务服务方面 具有丰富的执业经验和良好的专业服务能力。 安永华明拥有分所数量 23 家，分别为上海、天津、大连、沈阳、济南、青 岛、郑州、西安、武汉、成都、合肥、南京、苏州、杭州、长沙、昆明、重庆、 厦门、广州、深圳、太原、海口、宁波。根据中国注册会计师协会发布的《2022 年度会计师事务所综合评价百家排名信息》，安永华明排名第二。安永华明一直 以来注重人才培养，截至 2023 年末拥有执业注册会计师近 1,800 人，其中拥有 证券相关业务服务经验的执业注册会计师超过 1,5 ...

公司代码：603556 公司简称：海兴电力 杭州海兴电力科技股份有限公司 2023 年度内部控制评价报告 杭州海兴电力科技股份有限公司全体股东： 根据《企业内部控制基本规范》及其配套指引的规定和其他内部控制监管要求（以下简称企业内部 控制规范体系），结合本公司（以下简称公司）内部控制制度和评价办法，在内部控制日常监督和专项 监督的基础上，我们对公司2023年12月31日（内部控制评价报告基准日）的内部控制有效性进行了评价。 二. 内部控制评价结论 1. 公司于内部控制评价报告基准日，是否存在财务报告内部控制重大缺陷 □是 √否 2. 财务报告内部控制评价结论 √有效 □无效 根据公司财务报告内部控制重大缺陷的认定情况，于内部控制评价报告基准日，不存在财务报告内 部控制重大缺陷，董事会认为，公司已按照企业内部控制规范体系和相关规定的要求在所有重大方面保 持了有效的财务报告内部控制。 3. 是否发现非财务报告内部控制重大缺陷 □是 √否 一. 重要声明 按照企业内部控制规范体系的规定，建立健全和有效实施内部控制，评价其有效性，并如实披露内 部控制评价报告是公司董事会的责任。监事会对董事会建立和实施内部控制进行监督 ...

Financial Performance - The company achieved total revenue of 4.20 billion yuan, a year-on-year increase of 26.91%[15]. - Net profit attributable to shareholders reached 982 million yuan, up 47.90% year-on-year, marking a new high since the company went public[3]. - Operating cash flow net amount was 1.10 billion yuan, reflecting a growth of 63.03% compared to the previous year[15]. - The company's operating revenue for 2023 reached ¥4,200,350,318.37, representing a 26.91% increase compared to ¥3,309,723,562.79 in 2022[156]. - Net profit attributable to shareholders for 2023 was ¥982,468,040.05, a 47.90% increase from ¥664,276,290.83 in the previous year[156]. - The net profit after deducting non-recurring gains and losses was ¥941,420,244.61, up 60.08% from ¥588,096,877.71 in 2022[156]. - The company's total assets increased by 12.80% to ¥9,075,523,750.05 at the end of 2023, compared to ¥8,045,699,626.82 at the end of 2022[156]. - The basic earnings per share for 2023 was ¥2.02, reflecting a 48.53% increase from ¥1.36 in 2022[157]. - The weighted average return on equity for 2023 was 15.69%, an increase of 3.97 percentage points from 11.72% in 2022[160]. - The company reported a net cash flow from operating activities of ¥1,100,961,039.04, a significant increase of 63.03% compared to the previous year[156]. - The net assets attributable to shareholders at the end of 2023 were ¥6,632,016,366.23, an 11.06% increase from ¥5,971,460,129.03 at the end of 2022[156]. Business Operations - The renewable energy business generated main operating income of 163 million yuan, a significant increase of 283.50% year-on-year[5]. - The company accelerated overseas renewable energy channel business, achieving revenue in Africa, Europe, and Latin America markets[5]. - The company is transitioning to a "source-network-load-storage" integrated power network, enhancing the functionality of distributed energy sources and new load absorption[59]. - The global renewable energy business is evolving towards smarter and more integrated solutions, utilizing modern AI algorithms and intelligent control technologies[60]. - The company is focused on enhancing its product and service capabilities in loss management solutions for developing countries[86]. - The company is advancing new business models in overseas non-network operations and renewable energy, although it faces risks related to customer credit management[90]. Research and Development - Research and development expenses amounted to 274 million yuan, an increase of 14.87% year-on-year[15]. - The company aims to develop a research team for SMART GRID 2.0 to ensure a continuous increase in revenue from external business[39]. - The company is focusing on technological innovation to strengthen its core competitive advantages in solutions[12]. Corporate Governance - The total pre-tax remuneration for the board members during the reporting period amounted to 849.44 million yuan[73]. - The company held five board meetings during the year, all conducted through a combination of on-site and communication methods[83]. - The audit committee consists of independent directors, ensuring compliance and oversight of financial practices[83]. - The company emphasizes the importance of corporate governance and compliance with relevant laws and regulations[66]. - There were no changes in shareholding for the board members during the reporting period, maintaining stability in leadership[73]. - The company has not faced any penalties from securities regulatory authorities in the past three years[126]. - The company has not identified any significant internal control deficiencies during the reporting period[122]. Risk Management - The company has established a comprehensive risk management strategy in place to address potential operational risks in overseas markets[87]. - The company has a cash advantage that will support the development of new businesses[43]. - The company is facing intensified competition in overseas markets due to the influx of domestic peers[40]. Digital Transformation - The company plans to enhance digital marketing and operations, focusing on AI technology to drive digital transformation[37]. - The company has established a digital intelligent manufacturing operation management system to enhance production efficiency and quality control[14]. - The company has implemented a digital management system in the cloud to ensure real-time data communication and control for overseas subsidiaries[64]. - The company is focused on enhancing its digital transformation and the application of AI across various business areas[63]. Employee Management - The total number of employees in the parent company and major subsidiaries is 2,641, with 1,303 in production, 323 in sales, and 777 in technical roles[132]. - The company has established a compensation policy based on fairness, competitiveness, performance orientation, and effective incentives, ensuring that average annual income exceeds regional and industry averages during prosperous economic periods[132]. - The company has conducted two meetings of the Compensation and Assessment Committee during the reporting period[130]. - The compensation for directors, supervisors, and senior management is determined based on industry and regional salary levels, company performance, and individual performance assessments[200]. Shareholder Information - The proposed cash dividend is RMB 7.00 per 10 shares (including tax), totaling RMB 340,384,919.00, which accounts for 51.24% of the net profit attributable to ordinary shareholders[119]. - The company plans to distribute a cash dividend of RMB 11.00 per 10 shares (including tax) for the 2023 fiscal year, pending approval at the annual shareholders' meeting[137]. - The company has not proposed a cash profit distribution plan despite having positive distributable profits for shareholders[139]. - The annual report confirms that all resolutions presented at the shareholders' meeting were approved[198]. Environmental Responsibility - The company invested ¥450,000 in environmental protection measures during the reporting period[166]. - The company has implemented low-carbon clean energy measures, including the use of photovoltaic energy[167].

经核查独立董事魏美钟先生、张文亮先生、彭琳明先生的任职经历以及签署 的相关自查文件，上述人员未在公司担任除独立董事以外的任何职务，也未在公 司主要股东公司担任任何职务，与公司以及主要股东、实际控制人不存在直接或 间接利害关系，或其他可能影响其进行独立判断客观判断的关系，不存在影响独 立董事独立性的情况。公司独立董事符合《上市公司独立董事管理办法》、《上海 证券交易所股票上市规则》、《上海证券交易所上市公司自律监管指引第 1 号—— 规范运作》等法律法规中对独立董事独立性的相关要求。 杭州海兴电力科技股份有限公司董事会 2024 年 4 月 12 日 杭州海兴电力科技股份有限公司董事会 关于对独立董事独立性自查情况的专项报告 根据《上市公司独立董事管理办法》、《上海证券交易所股票上市规则》、《上 海证券交易所上市公司自律监管指引第 1 号——规范运作》等相关法律法规的要 求，杭州海兴电力科技股份有限公司（以下简称"公司"）董事会就 2023 年度在 任独立董事魏美钟先生、张文亮先生、彭琳明先生的独立性情况进行评估并出具 如下专项意见： ...