证券代码：603667 证券简称：五洲新春 公告编号：2024-070 浙江五洲新春集团股份有限公司 关于召开 2024 年第一次临时股东大会的通知 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： 一、 召开会议的基本情况 召开的日期时间：2024 年 10 月 10 日 14 点 00 分 召开地点：浙江省绍兴市新昌县泰坦大道 199 号公司会议室 (五) 网络投票的系统、起止日期和投票时间。 网络投票系统：上海证券交易所股东大会网络投票系统 网络投票起止时间：自 2024 年 10 月 10 日 股东大会召开日期：2024年10月10日 本次股东大会采用的网络投票系统：上海证券交易所股东大会网络投票 系统 (一) 股东大会类型和届次 2024 年第一次临时股东大会 (二) 股东大会召集人：董事会 (三) 投票方式：本次股东大会所采用的表决方式是现场投票和网络投票相结 合的方式 (四) 现场会议召开的日期、时间和地点 至 2024 年 10 月 10 日 采用上海证券交易所网络投票系统，通过交易系统投票平台的 ...

Investment Rating - The report assigns an "Add-A" investment rating to the company, indicating a positive outlook for its stock performance [2][6]. Core Views - The company's traditional business remains stable, with significant growth potential in its automotive and humanoid robot screw rod businesses [2][6]. - The company has shown resilience in its core bearing and ring business, with expectations for steady growth despite challenges in the wind power sector [6]. - The report highlights the company's strategic investments in R&D and production capabilities, particularly in the fields of new energy vehicles and robotics [6]. Financial Performance - In the first half of 2024, the company achieved operating revenue of 1.752 billion yuan, a year-on-year increase of 1.01%, while net profit attributable to shareholders decreased by 9.64% to 75.055 million yuan [3]. - The second quarter of 2024 saw a significant improvement, with operating revenue reaching 979 million yuan, a year-on-year increase of 5.92% and a quarter-on-quarter increase of 26.70% [3]. - The company's gross profit margin for the first half of 2024 was 16.57%, an increase of 1.21 percentage points year-on-year, while the net profit margin was 4.49%, a decrease of 0.49 percentage points [4]. Business Segments - The automotive parts segment reported revenue of 196 million yuan, a year-on-year increase of 14.20%, contributing 11.2% to total revenue [4]. - The company has made significant advancements in the development of new products for the new energy vehicle sector, including core components for electric motor brakes [4]. - The humanoid robot sector has seen the introduction of new products such as micro screw rods and planetary roller screws, with initial sales already occurring [4]. Market Expansion - The company is actively pursuing global market expansion, including a strategic investment in a leading domestic wind power bearing company to enhance its market presence [5]. - The acquisition of WJB Holdings in North America aims to integrate sales channels for hub bearings, potentially increasing sales in the automotive aftermarket [5]. Future Projections - The report forecasts net profits for 2024, 2025, and 2026 to be 143 million yuan, 184 million yuan, and 243 million yuan, respectively, representing year-on-year growth rates of 3.4%, 28.6%, and 32.3% [6]. - Earnings per share (EPS) are projected to be 0.39 yuan, 0.50 yuan, and 0.66 yuan for the same years, with corresponding price-to-earnings (P/E) ratios of 32.1, 24.9, and 18.9 [6].

Investment Rating - The report maintains a "Buy" rating for the company, indicating an expected stock price increase of more than 15% compared to the benchmark index [7]. Core Insights - The company reported a revenue of 1.752 billion yuan for the first half of 2024, reflecting a year-on-year growth of 1.01%. The net profit attributable to shareholders was 75 million yuan, down 9.64%, while the net profit excluding non-recurring items increased by 6.74% to 72 million yuan [2]. - The performance of the wind power roller segment was below expectations, while the thermal management system components contributed significantly to revenue growth [2]. - The company has successfully developed a full range of bearing products for the new energy vehicle sector and has achieved import substitution for specialized steel pipes used in automotive airbag gas generators, becoming the sole domestic producer [2]. - The report forecasts revenues of 3.331 billion yuan, 4.085 billion yuan, and 4.720 billion yuan for 2024, 2025, and 2026 respectively, with net profits projected at 173 million yuan, 222 million yuan, and 266 million yuan [2][3]. Financial Summary - For the first half of 2024, the company achieved a gross margin of 16.57% and a net profit margin of 4.28%, with a year-on-year change of +1.22% and -0.50 percentage points respectively [2]. - The company’s R&D expense ratio increased to 2.95%, supporting its core competitiveness [2]. - The projected earnings per share (EPS) for 2024, 2025, and 2026 are 0.47 yuan, 0.60 yuan, and 0.73 yuan, respectively, with corresponding price-to-earnings (P/E) ratios of 28.53, 22.28, and 18.59 [3][6].

证券代码：603667 证券简称：五洲新春 公告编号：2023-064 浙江五洲新春集团股份有限公司 关于 2024 年半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个别及连带责任。 为切实维护投资者利益，加强与投资者的沟通和交流，浙江五洲新春集团股 份有限公司（以下简称"公司"或"五洲新春"）于 2024 年 8 月 30 日下午 13:00- 14:00 在上海证券交易所路演中心（网址：http://roadshow.sseinfo.com/）以图片展 示与网络文字互动相结合的方式召开了公司 2024 年半年度业绩说明会，就公司 2024 年半年度业绩说明会经营成果、财务状况等事项与投资者进行了沟通和交 流。关于本次说明会的召开事项，公司已于 2024 年 8 月 23 日在上海证券交易所 网站（http://www.sse.com.cn）披露了《关于召开 2024 年半年度业绩说明会的公 告》（公告编号：2024-060）。现将业绩说明会召开情况公告如下： 一、本次业绩说明会召开情况 2024 年 ...

Investment Rating - The investment rating for the company is "Buy" (maintained) [1] Core Views - The company achieved a revenue of 1.752 billion yuan in H1 2024, a year-on-year increase of 1.01%, while the net profit attributable to shareholders was 75 million yuan, a decrease of 9.64% [1] - The automotive parts segment showed strong performance with a revenue of 196 million yuan, up 14.20%, driven by increased demand from existing customers and the development of new clients [1] - The company has slightly lowered its profit forecast due to underperformance in the wind power sector, expecting net profits of 187 million yuan, 237 million yuan, and 293 million yuan for 2024-2026 [1] Revenue and Profitability - The company's revenue for 2024 is projected to be 3.585 billion yuan, with a year-on-year growth of 15.4% [4] - The gross profit margin for H1 2024 was 16.57%, an increase of 1.21 percentage points year-on-year [2] - The company has signed material price linkage agreements with approximately 70% of its customers, mitigating the impact of raw material price fluctuations on gross margins [2] Product Development - The company is actively developing screw products, focusing on their application in emerging industries, and has completed rapid iterations of screw products [3] - The company has achieved small-batch product sales in H1 2024, indicating progress in product development and market expansion [3] Financial Metrics - The projected earnings per share (EPS) for 2024, 2025, and 2026 are 0.51 yuan, 0.65 yuan, and 0.80 yuan respectively [1] - The current price-to-earnings (P/E) ratios are 25.9, 20.4, and 16.5 for the years 2024, 2025, and 2026 respectively [1] - The company’s total market capitalization is 4.836 billion yuan, with a circulating market value of 4.834 billion yuan [5]

Investment Rating - The report maintains a "Buy" rating for the company [4]. Core Views - The company reported a slight increase in revenue for H1 2024, with a year-on-year growth of 1.01%, achieving a total revenue of 1.752 billion yuan. The net profit attributable to shareholders decreased by 9.64% to 75 million yuan, while the net profit after deducting non-recurring items increased by 6.74% to 71 million yuan [1]. - The company is focusing on the rapidly growing fields of new energy vehicles and industrial bearings, having successfully developed a full range of bearings for new energy vehicles and expanded production capacity to meet market demand [1]. - The report highlights the successful development of a full series of robot bearings, which includes various types such as flexible thin-walled bearings and high-precision tapered roller bearings, catering to the growing robotics industry [1]. Financial Summary - The projected revenues for 2024, 2025, and 2026 are 3.379 billion yuan, 4.204 billion yuan, and 4.847 billion yuan, respectively. The net profits for the same years are expected to be 165 million yuan, 205 million yuan, and 248 million yuan, respectively [2][3]. - The current market value corresponds to a price-to-earnings (P/E) ratio of 27.9, 22.4, and 18.5 for the years 2024, 2025, and 2026, respectively [2][3]. - The company has shown a stable demand for finished bearings, with sales revenue from finished bearings and rings remaining flat at 934 million yuan, while automotive parts revenue increased by 14.20% to 196 million yuan [1]. Business Development - The company has made significant progress in its screw rod product line, achieving small batch sales and optimizing the technical routes of its main products [1]. - The report emphasizes the potential for rapid growth in the robotics-related industry chain, which is expected to provide sustainable development opportunities for the company [1].

Investment Rating - The report maintains a "Buy" rating for the company with a target price of 14.79 CNY, based on a relative valuation method using a 29x PE ratio for comparable companies [2][4]. Core Views - The company's H1 2024 performance met expectations, with revenue of 1.752 billion CNY (+1.01% YoY) and a net profit of 75 million CNY (-9.64% YoY). The second quarter showed a revenue increase of 5.92% compared to the previous quarter [1]. - The company is actively advancing its screw rod business, with significant investments in R&D and production capabilities for automotive and robotics applications [1]. - The company has successfully developed a full range of bearings for robotics, enhancing its product offerings in the high-precision and high-load bearing segments [1]. Financial Summary - H1 2024 revenue breakdown: - Finished bearings and rings: 934 million CNY (flat YoY) - Wind power rollers: revenue decreased due to lower downstream installations, but sales and orders improved in Q2 - Automotive parts: 196 million CNY (+14.20% YoY), with safety components at 92 million CNY (+32.90% YoY) - Thermal management system components: 545 million CNY (+7.20% YoY) [1]. - H1 2024 gross margin improved to 16.55% (+1.16 percentage points YoY), while net profit margin slightly decreased to 4.51% (-0.45 percentage points YoY) [1]. - Profit forecasts for 2024-2026 are adjusted to 188 million CNY, 234 million CNY, and 260 million CNY respectively [2][3]. Product Development and Market Expansion - The company is expanding its automotive bearing products into the aftermarket and has successfully set up an automated assembly line for new projects with major domestic manufacturers [1]. - Two specialized workshops for screw rods are under construction, focusing on components for new energy vehicles and robotics, with initial deliveries to leading domestic and international clients [1]. - The company has developed new products in thermal management systems, transitioning from component manufacturing to system integration [1].

Investment Rating - The report maintains a "Buy" rating for the company with a target price of 14.79 CNY, based on a relative valuation method using a 29x PE ratio for comparable companies [2][4]. Core Insights - The company's H1 2024 performance met expectations, with revenue of 1.752 billion CNY (+1.01% YoY) and a net profit of 75 million CNY (-9.64% YoY). The second quarter showed a revenue increase of 5.92% compared to the previous quarter [1][2]. - The company is actively advancing its screw rod business, with significant investments in R&D and production capabilities for automotive and robotics applications [1][2]. - The gross margin improved to 16.55% (+1.16 percentage points YoY), while the net profit margin slightly decreased to 4.51% (-0.45 percentage points YoY) [1]. Financial Performance Summary - H1 2024 revenue breakdown: - Finished bearings and rings: 934 million CNY (flat YoY) - Wind power rollers: revenue declined due to lower downstream installations but showed improvement in Q2 sales and orders - Automotive parts: 196 million CNY (+14.20% YoY), with safety components at 92 million CNY (+32.90% YoY) - Thermal management system components: 545 million CNY (+7.20% YoY) [1]. - The company forecasts net profits of 188 million CNY, 234 million CNY, and 260 million CNY for 2024, 2025, and 2026 respectively [2][3]. Product Development and Market Expansion - The company is focusing on expanding its automotive bearing products and has successfully tested an automated assembly line for new projects with well-known domestic manufacturers [1]. - In the screw rod segment, the company is building specialized workshops and has begun small-scale deliveries to leading domestic and international clients [1]. - The company has developed a full range of bearings for robotics, catering to major robotics reducer manufacturers [1].

证券代码：603667 证券简称：五洲新春 公告编号：2024-063 浙江五洲新春集团股份有限公司 2024年半年度募集资金存放与使用情况的专项报告 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。 浙江五洲新春集团股份有限公司（以下简称"公司"）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》和 《上海证券交易所上市公司自律监管指引第1号——规范运作》的相关规定，将公司 2024年半年度募集资金存放与使用情况专项说明如下。 一、募集资金基本情况 (一) 实际募集资金金额和资金到账时间 根据中国证券监督管理委员会《关于核准浙江五洲新春集团股份有限公司非公 开发行A股股票的批复》(证监许可(2022)2136号)，本公司由主承销商中信证券股份 有限公司(以下简称为"中信证券")采用非公开发行方式，向特定对象发行人民币 普通股(A股)股票4,029.8507万股，发行价为每股人民币13.40元，共计募集资金 539,999,993.80元，坐扣承销和保荐费用及相应增值税7,000 ...

证券代码：603667 证券简称：五洲新春 公告编号：2024-062 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。 第四届监事会第二十三次会议决议公告 1、审议通过《关于 2024 年半年度报告正文及摘要的议案》 监事会对公司 2024 年半年度报告的编制过程出具书面审核意见如下： (1)公司 2024 年半年度报告编制和审议程序符合法律、法规、公司章程和公 司内部管理制度的各项规定; 浙江五洲新春集团股份有限公司 一、监事会会议召开情况 浙江五洲新春集团股份有限公司（以下简称"公司"）于 2024 年 8 月 17 日以 书面或电子邮件等方式向全体监事发出第四届监事会第二十三次会议通知，会议 按通知时间于 2024 年 8 月 27 日 15 时在公司会议室以现场结合通讯方式召开。 本次会议应出席监事 3 人，实际出席监事 3 人，会议由监事会主席王明舟先生主 持。公司董事会秘书列席了会议。本次会议的召集、召开和表决符合《公司法》 及《公司章程》的有关规定，合法有效。 二、监事会会议审议情况 与会监事以现场表决方式 ...