证券代码：603667 证券简称：五洲新春 公告编号：2024-056 一、募集资金基本情况 （一）募集资金到账及存储情况 经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）核准公司非公开发行不超 过 90,368,678 股。公司本次实际非公开发行 A 股股票 40,298,507 股，每股发行 价为人民币 13.40 元，募集资金总额为人民币 539,999,993.80 元，减除发行费用 （不含增值税）人民币 8,776,509.43 元后，募集资金净额 531,223,484.37 元。上 述款项已于 2023 年 7 月 20 日到账，天健会计师事务所（特殊普通合伙）对专户 的募集资金到账情况进行了验资，并出具了"天健验（2023）380 号"《验资报告》。 公司已对募集资金进行专户存储管理，与存放募集资金的商业银行、保荐人 签订了《募集资金专户存储三方监管协议》，并协同募投项目实施主体的全资子 1 浙江五洲新春集团股份有限公司关于 使用部分闲置募集资金临时补充流动资金的公告 本公司董事会及全体董事保证本公告内容不存在任 ...

证券代码：603667 证券简称：五洲新春 公告编号：2024-052 浙江五洲新春集团股份有限公司关于 控股股东暨实际控制人股票质押延期购回的公告 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： 一、上市公司部分股票质押延期购回情况 公司控股股东暨实际控制人张峰先生于 2024 年 7 月 24 日将其原质押给海通 证券股份有限公司的合计 2,000,000 股无限售流通股办理了延期购回手续，具体 情况如下： | | 是否 | 本次质押 | 是否 | 是否 | 质押 | 原质 | 现质 | | 占其所 | 占公 | 质押 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 股东 | 为控 | | | | | | | | | 司总 | 融资 | | 名称 | 股股 | 延期购回 | 为限 | 补充 | 起始 | 押购 | 押购 | 质权人 | 持股份 | 股本 | 资金 | | | | 股数 | 售股 ...

证券代码：603667 证券简称：五洲新春 公告编号：2024-051 关于归还全部临时补流募集资金的公告 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。 浙江五洲新春集团股份有限公司 浙江五洲新春集团股份有限公司（以下简称"公司"）于2023年7月31日召 开第四届董事会第十八次会议、第四届监事会第十六次会议，审议通过了《关于 使用部分闲置募集资金临时补充流动资金的议案》，同意公司使用不超过人民币 22,000万元闲置募集资金临时补充流动资金，期限为自公司第四届董事会第十八 次会议审议通过之日起12个月内。保荐机构中信证券股份有限公司对此发表了明 确同意的核查意见。具体内容详见2023年8月1日公司在上海证券交易所网站 （www.sse.com.cn）上披露的《五洲新春关于使用部分闲置募集资金临时补充流 动资金的公告》（公告编号：2023-056）。 2024年7月22日，公司将上述闲置募集资金临时补充流动资金中的剩余人民 币15,500万元全部归还至公司募集资金专项账户，并将前述募集资金的归还情况 及时通知了公司的保 ...

证券代码：603667 证券简称：五洲新春 公告编号：2024-050 浙江五洲新春集团股份有限公司 浙江五洲新春集团股份有限公司（以下简称"公司"）于 2024 年 4 月 26 日 召开了第四届董事会第二十三次会议，审议通过了《关于变更公司注册资本并修 订<公司章程>的议案》，同意公司对注册资本进行变更，并对《公司章程》相应 条款进行修订，具体内容详见公司于 2024 年 4 月 27 日在上海证券交易所网站 （www.sse.com.cn）披露的《关于变更公司注册资本并修订<公司章程>的公告》 （公告编号：2024-032）。 注册资本：叁亿陆仟陆佰叁拾肆万零伍佰元 成立日期：1999 年 11 月 12 日 经营范围：生产、销售：轴承及配件、汽车零配件、五金、车床零部件；货 物进出口；技术进出口。（依法须经批准的项目，经相关部门批准后方可开展经 营活动） 公司现已完成注册资本的工商变更登记手续，并于近日取得了浙江省市场监 督管理局换发的《营业执照》，本次工商变更登记完成后，公司基本登记信息如 下： 名 称：浙江五洲新春集团股份有限公司 统一社会信用代码：91330600704507918P 类 型：其 ...

Financial Performance - In 2023, the company's net profit attributable to shareholders decreased by 6.49% to 1.38 billion CNY, while the operating income fell by 31.06% to 6.49 billion CNY [1] - The sales revenue of finished bearings was approximately 7 billion CNY, down 9.91% year-on-year, with a significant decline of 41.6% in bearing rings [2] - The net cash flow from operating activities was 2.83 billion CNY, reflecting a year-on-year growth of 2.95% [1] Product Segment Performance - The sales revenue of automotive components reached 4.3 billion CNY, marking a 9.3% increase, with airbag gas generator components contributing 1.8 billion CNY, up 36.3% [2] - The thermal management system sales revenue was 8.3 billion CNY, showing a slight decline of 1.26% [2] - Wind power roller sales revenue was approximately 800 million CNY, impacted by lower-than-expected downstream installations and inventory digestion [2] Future Outlook and Risks - The company faces risks related to the long certification cycles for new products and potential market demand shortfalls, which could affect future performance [1] - The management expressed confidence in the company's future development and ongoing transformation from bearing rings to finished bearings and precision components [2] - The company is currently constructing two specialized production workshops for screw products, focusing on applications in new energy vehicles and robotics [3] Investment and Funding - The company has three ongoing fundraising projects, with significant progress in the new energy vehicle bearing project, while the wind power roller project has utilized less than half of the raised funds [2] - There is an ongoing need for funding to support the company's operations and expansion in the global market [3]

●对外担保逾期的累计数量：无 ●特别风险提示：公司为资产负债率超过 70%的子公司担保金额为 55,329.62 万元（其中包括：保函担保 EUR2,200 万元，折合 RMB17,329.62 万元； 票据池业务相互连带责任担保 30,000 万元），敬请投资者注意相关风险。 证券代码：603667 证券简称：五洲新春 公告编号：2024-049 浙江五洲新春集团股份有限公司 公司及控股子公司年度担保预计的进展公告 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: ●被担保人名称及是否为上市公司关联人：浙江五洲新春集团股份有限公司 （以下简称"公司"）。 ●本次担保金额及已实际为其提供担保的余额： 本次担保是由公司全资子公司浙江新龙实业有限公司（以下简称"新龙实业"） 为公司向银行申请 e 信保理融资合计 3,000 万元提供保证担保，担保总额为人民 币 3,000 万元，新龙实业实际为公司提供的担保余额 8,000 万元人民币（含本次 担保向银行申请融资 3,000 万元）。 ●本次担保是否有反担保：无 ...

Financial Data and Key Metrics Changes - The company reported a slight decline in revenue for the first quarter compared to the previous year, but net profit after deductions showed a slight increase [70] - The automotive sector is undergoing a transformation, shifting from traditional products to automotive components, particularly in the area of thermal management systems for electric vehicles [80][82] Business Line Data and Key Metrics Changes - The company is focusing on developing new products, including thermal management systems for electric vehicles, which have a higher value per vehicle compared to traditional fuel vehicles [80][82] - The revenue from the bearing segment has surpassed that from traditional products, indicating a successful transition towards more complex automotive components [106] Market Data and Key Metrics Changes - The penetration rate of electric vehicles is increasing, which presents significant opportunities for the company in the thermal management and bearing markets [8][80] - The company is experiencing pressure from traditional business lines due to overall economic conditions, but there are signs of growth in specific segments like airbags and gas generators [70][80] Company Strategy and Development Direction - The company is investing in research and development for new products, particularly in the electric vehicle sector, with a focus on thermal management systems and bearings [8][80] - There is a strategic shift towards enhancing production capabilities and developing proprietary technologies to meet the demands of the automotive industry [36][80] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the future growth potential in the electric vehicle market, despite current pressures from traditional sectors [80][82] - The company is actively working on product development cycles, which are essential for entering the electric vehicle market, with expectations for formal project participation by 2025 [101][116] Other Important Information - The company has established partnerships with various clients to co-develop products, particularly in the automotive sector, which is crucial for market penetration [101][116] - The company is also focusing on enhancing its production facilities to support the growing demand for electric vehicle components [96][117] Q&A Session Summary Question: What are the company's plans for expanding product lines? - The company is looking to expand its product lines primarily in the area of electric vehicle components, particularly thermal management systems and bearings [80][85] Question: How is the company addressing competition in the electric vehicle market? - Management acknowledged the competitive landscape but emphasized the importance of collaboration with clients to develop innovative solutions [101] Question: What is the expected timeline for new product launches? - The company anticipates that formal projects for new products will begin to materialize around 2025, aligning with the development cycles of electric vehicles [101][116]

2021 年限制性股票激励计划 回购注销部分限制性股票实施情况 之 法律意见书 国浩律师（上海）事务所 关于 浙江五洲新春集团股份有限公司 中国上海市北京西路 968 号嘉地中心 27 层 邮编：200041 27/F, Garden Square, 968 West Beijing Road, Shanghai 200041, China 电话/Tel: +86 21 52341668 传真/Fax: +86 21 52341670 网址/Website:http://www.grandall.com.cn 国浩律师（上海）事务所 关于浙江五洲新春集团股份有限公司 （二） 本所律师仅对五洲新春本次激励计划回购注销部分限制性股票有关 的法律专业事项发表意见，对于其他问题本所律师不发表意见； （三） 本所律师同意将本法律意见书作为五洲新春本次激励计划回购注销 2021 年限制性股票激励计划 回购注销部分限制性股票相关事项的 法律意见书 致：浙江五洲新春集团股份有限公司 国浩律师（上海）事务所（以下简称"本所"）接受浙江五洲新春集团股份有 限公司（以下简称"五洲新春"或"公司"）的委托担任公司实施 2021 年限 ...

证券代码：603667 证券简称：五洲新春 公告编号：2024-048 浙江五洲新春集团股份有限公司 关于部分股权激励限制性股票 回购注销实施暨股份变动的公告 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： 2024年4月26日召开的公司第四届董事会第二十三次会议、第四届监事会第二 十次会议审议通过了《关于回购注销股权激励对象已获授但尚未解除限售限制性 股票的议案》,同意公司对2021年限制性股票激励计划首次授予部分第三个解锁期 已获授尚未解除限售2,157,990股及预留部分第二个解锁期已获授尚未解除限售 82,638股，合计2,240,628股进行回购注销。考虑到公司2023年度利润分配方案尚 未实施，若后续公司办理本次回购注销限制性股票事项时，公司2023年度利润分 配方案实施完毕或者公司2023年度利润分配方案发生变动的，董事会将根据实际 情况对本次限制性股票的最终回购价格进行调整并另行公告。国浩律师（上海） 事务所出具了法律意见书，并于2024年4月27日披露《关于减少注册资本暨通知债 权人的公 ...

Investment Rating - The report assigns a "Buy-A" rating to the company, with a 12-month target price of 22.05 yuan, implying a 35X PE ratio for 2025 [8][35] Core Views - The company's core growth drivers are in the automotive, wind power, and robotics sectors, with a focus on new energy vehicles and humanoid robotics [8][28][34] - The company is expected to achieve revenue of 3.39, 3.75, and 4.21 billion yuan in 2024-2026, with growth rates of 9.0%, 10.7%, and 12.2% respectively [35] - Net profit is forecasted to be 180, 230, and 280 million yuan in 2024-2026, with growth rates of 30.4%, 29.0%, and 17.8% respectively [35] - The company's PE ratios for 2024-2026 are estimated at 37.3X, 28.9X, and 24.5X, which are close to industry averages [8][35] Financial Performance - Revenue in 2023 was 3.11 billion yuan, with a year-on-year decline of 2.9%, while net profit was 140 million yuan, down 6.5% [4] - The company's gross margin has been under pressure, declining from 22.91% in 2018 to 17.54% in 2023, mainly due to rising raw material costs and increased competition [75][78] - Operating cash flow remained stable, with a net cash flow ratio of around 1, despite fluctuations caused by the pandemic and subsidiary acquisitions [81][84] Business Segments - The company's three main business segments are bearings, automotive components, and thermal management systems, accounting for 57.6%, 13.8%, and 26.6% of revenue in 2023 respectively [64][74] - Bearings: The company is a leading domestic manufacturer of bearing rings and has expanded into high-end bearing products for new energy vehicles and wind power [67][71] - Automotive components: The company has developed safety airbag gas generator components and power drive system parts, with significant growth potential in the new energy vehicle sector [72] - Thermal management systems: The company focuses on new energy vehicle thermal management systems, with a significant increase in unit value compared to traditional fuel vehicles [73] Industry and Market - The global bearing market is expected to grow steadily, with the automotive sector accounting for 42.1% of downstream applications [91][93] - The company has a strong presence in the wind power sector, with its high-end wind turbine bearing rollers achieving import substitution and serving major domestic and international customers [71] - In the robotics sector, the company has developed a full range of reducer bearings and is expected to benefit from the future mass production of humanoid robots [34] Strategic Development - The company has adopted a platform-based strategy, leveraging its core bearing technology to expand into multiple fields, including automotive, industrial, and robotics [28][34] - Through acquisitions and investments, the company has strengthened its global presence, with overseas sales accounting for 45.46% of total revenue in 2023 [81][84] - The company has a strong R&D focus, with R&D expenses increasing from 31 million yuan in 2016 to over 100 million yuan in 2023, maintaining a R&D expense ratio of over 3% [85] Risks and Challenges - The company faces risks related to slower-than-expected progress in humanoid robotics, which could impact its future growth [1] - Rising raw material costs and intensified competition in traditional businesses could also pose challenges to the company's profitability [18]