Investment Rating - The report assigns a "Buy" rating for the company, marking its first coverage [1][3]. Core Insights - The company has shown steady growth in performance and orders, with a promising outlook for its heavy machinery sector [1]. - In H1 2024, the company achieved a revenue of 1.962 billion yuan, representing a year-on-year increase of 12.99%, and a net profit attributable to shareholders of 147 million yuan, up 25.70% year-on-year [1]. - The company's gross margin improved to 25.56%, an increase of 1.12 percentage points year-on-year, while the net profit margin rose to 7.06%, up 0.67 percentage points year-on-year [1]. Financial Performance Summary - In H1 2024, the company reported a revenue of 1.962 billion yuan, with a net profit of 147 million yuan and a non-recurring net profit of 139 million yuan [1]. - The company’s revenue from urban rail transit vehicle products reached 1.119 billion yuan, a year-on-year increase of 30.49% [1]. - The company signed new contracts/orders exceeding 2.6 billion yuan in H1 2024, reflecting an 18% year-on-year growth [1]. Business Segment Analysis - The company’s urban rail transit vehicle products have a gross margin of 23.58%, while the gross margin for ordinary passenger vehicle products is 30.63% [1]. - The heavy machinery segment is expected to benefit from maintenance demand, with new products like large excavators and wide-body dump trucks supporting future growth [3]. Earnings Forecast - The company is projected to achieve revenues of 4.107 billion yuan, 4.538 billion yuan, and 5.050 billion yuan for the years 2024, 2025, and 2026, respectively [4][6]. - The expected net profits for the same years are 358 million yuan, 434 million yuan, and 527 million yuan, indicating a strong growth trajectory [4][6].

Financial Performance - The company reported a total revenue of RMB 1.2 billion for the first half of 2024, representing a year-on-year increase of 15%[8]. - The net profit attributable to shareholders reached RMB 200 million, up 10% compared to the same period last year[8]. - The company reported a revenue of CNY 1,961,555,120.45 for the first half of 2024, representing a 12.99% increase compared to CNY 1,736,019,446.54 in the same period last year[13]. - Net profit attributable to shareholders was CNY 147,419,434.72, up 25.70% from CNY 117,274,746.25 year-on-year[13]. - The company achieved a total operating revenue of 1.96 billion RMB in the first half of 2024, representing a year-on-year growth of 12.99%[35]. - The net profit attributable to shareholders reached 147 million RMB, an increase of 25.70% compared to the previous year, with basic earnings per share of 0.19 RMB[35]. - The company reported a net profit for the first half of 2024 of ¥138,488,990.84, representing a 24.87% increase from ¥110,870,390.31 in the first half of 2023[92]. - The total comprehensive income for the first half of 2024 was CNY 171,502,932.38, compared to CNY 100,406,738.41 in the same period last year[95]. User Growth and Market Expansion - User data indicates a growth in active users by 25%, reaching a total of 5 million users[8]. - The company plans to expand its market presence in Southeast Asia, targeting a 20% increase in market share by the end of 2025[8]. - The company anticipates a surge in maintenance demand for rail vehicles, with significant increases in repair tenders issued by the national railway group[21]. - The domestic urban rail transit market is expected to see over 800 kilometers of new operational lines in 2024, maintaining growth similar to the previous year[20]. Research and Development - The company has allocated RMB 100 million for research and development in new technologies for rail transportation[8]. - Research and development expenses were 91.68 million RMB, up 18.04% year-on-year, indicating a strong focus on innovation[38]. - The company introduced 60 new authorized patents during the reporting period, including 33 invention patents, bringing the total effective patents to 640[36]. - The company emphasizes self-innovation and R&D, establishing international cooperation teams to enhance technology development and shorten the R&D cycle for new products and technologies[66]. Financial Position and Cash Flow - The company has maintained a strong cash position with RMB 500 million in cash reserves, ensuring liquidity for future investments[8]. - The company reported a net cash flow from operating activities of -24.53 million RMB, a significant decrease compared to -3.36 million RMB in the previous year[38]. - The company’s cash and cash equivalents at the end of the period were approximately 594.60 million RMB, a slight decrease of 1.63% from the previous year[39]. - The company’s cash flow from operations remains positive, supporting ongoing operational activities despite the reported losses[105]. Risks and Challenges - The management highlighted risks including macroeconomic fluctuations and increased competition in the rail transit sector[8]. - The company faces risks from rising costs and expenses due to increased asset formation from new projects and rising labor costs, which may impact product gross margin and net profit margin[50]. - The company faces risks from macroeconomic changes and industry policy shifts that could impact strategic and operational goals[46]. Environmental and Social Responsibility - The company has implemented effective pollution control measures, ensuring that wastewater and emissions meet national or local discharge standards[57]. - The company has established a carbon management system focusing on "carbon footprint" and "energy management" to optimize low-carbon management goals[61]. - The company promotes a green procurement system, prioritizing renewable energy and environmentally certified materials to control harmful substances at the source[60]. - The company has actively engaged in charitable activities, focusing on education and local revitalization, and has established a public welfare brand[63]. Corporate Governance and Shareholder Information - The company has established a governance structure that complies with relevant laws and regulations to ensure effective management and oversight[67]. - The company has a long-term commitment from its major shareholders not to reduce their holdings of company shares until March 15, 2024[64]. - The company’s major shareholders have committed to avoiding competition with the company’s main business and will notify the company of any new business opportunities that may pose a conflict[68]. - The total number of common shareholders at the end of the reporting period was 15,062[81]. Investment and Capital Structure - The company has invested in several joint ventures and affiliated companies, primarily in the rail transportation sector, and is actively managing these investments to mitigate risks[51]. - The company has established production subsidiaries in France and India, and trade subsidiaries in Canada, Singapore, and the UK, facing potential international political and operational risks[51]. - The company has not reported any changes in major shareholders or strategic investors during the reporting period[84]. - The company’s total liabilities and equity stand at 5,132,912,313.68, showing a solid capital structure[104].

今创集团股份有限公司 舆情管理制度 第一章 总则 第一条 为了建立健全快速反应和应急舆情处置机制，提高今创集团股份有 限公司（以下简称"公司"）应对、管理各类舆情的能力，及时、妥善处置各类舆 情对公司股价、商誉及正常生产经营活动造成的影响，切实保护投资者尤其是中 小股东的合法权益，根据相关法律法规、规范性文件和自律规则等的规定以及《今 创集团股份有限公司章程》，结合公司具体情况，特制定本制度。 第二条 本制度所称舆情包括： （一）报刊、电视、网络等媒体对公司进行的负面报道； （二）社会上存在的已经或将给公司造成不良影响的传言或信息； （三）可能或者已经影响社会公众投资者投资取向，造成股价异常波动的信 息； （四）其他涉及上市公司信息披露且可能对公司股票及其衍生品交易价格产 生较大影响的事件信息。 第三条 舆情信息的分类： （一）重大舆情：指传播范围较广，严重影响公司公众形象或正常经营活动， 使公司已经或可能遭受损失，已经或可能造成公司股票及其衍生品种交易价格变 动的负面舆情。 （二）一般舆情：指除重大舆情之外的其他舆情。 第二章 舆情管理的组织机构及工作职责 第四条 公司应对各类舆情（尤其是重大舆情与媒体质疑 ...

证券代码：603680 证券简称：今创集团 公告编号：2024-020 今创集团股份有限公司 股票交易异常波动的公告 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： 一、 股票交易异常波动的具体情况 公司、控股股东及实际控制人除在指定媒体上已公开披露的信息外，不存在应披 露而未披露的重大事项，包括但不限于重大资产重组、股份发行、收购、债务重 组、业务重组、资产剥离、资产注入、股份回购、股权激励、破产重整、重大业 务合作、引进战略投资者等对公司股票价格产生较大影响的重大事项。 （三）媒体报道、市场传闻、热点概念情况 公司股票于2024年7月17日、2024年7月18日、2024年7月19日连续3个交易日 内收盘价格涨幅偏离值累计超过20%，根据《上海证券交易所交易规则》的有关 规定，属于股票交易异常波动情况。 二、公司关注并核实的相关情况 （一）生产经营情况 经公司自查，公司目前经营状况正常，不存在应披露而未披露的重大影响 股价的敏感信息。 （二）重大事项情况 经公司自查并书面问询公司控股股东及实际控制人， ...

证券代码：603680 证券简称：今创集团 公告编号：2024-018 今创集团股份有限公司 2023 年年度权益分派实施公告 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： 差异化分红送转： 否 一、 通过分配方案的股东大会届次和日期 本次利润分配方案经公司 2024 年 5 月 27 日的 2023 年年度股东大会审议通过。 二、 分配方案 截至股权登记日下午上海证券交易所收市后，在中国证券登记结算有限责任公司上海分 公司（以下简称"中国结算上海分公司"）登记在册的本公司全体股东。 3. 分配方案： 本次利润分配以方案实施前的公司总股本 783,718,767 股为基数，每股派发现金红利 0.12 元（含税），共计派发现金红利 94,046,252.04 元。 每股分配比例 A 股每股现金红利 0.12 元 相关日期 | 股份类别 | 股权登记日 | 最后交易日 | 除权（息）日 | 现金红利发放日 | | --- | --- | --- | --- | --- | | Ａ股 | 2024/7/18 | － ...

证券代码：603680 证券简称：今创集团 公告编号：2024-019 特此公告。 今创集团股份有限公司董事会 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、误导 性陈述或重大遗漏，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。 今创集团股份有限公司（以下简称"公司"）董事会于近日收到副总经理左小 鹏先生的书面辞职申请，左小鹏先生因个人原因申请辞去公司副总经理职务。 根据《中华人民共和国公司法》、《公司章程》等有关规定，左小鹏先生的辞 职申请于送达董事会时生效。辞职后，左小鹏先生不再担任公司任何职务。截至 本公告日，左小鹏先生直接持有公司股票 56,900 股，占公司总股本 0.01%。 左小鹏先生在担任公司副总经理期间，恪尽职守、勤勉尽责，董事会对左小 鹏先生在担任副总经理期间做出的重要贡献表示诚挚的感谢！ 今创集团股份有限公司 关于公司副总经理辞职的公告 2024 年 7 月 12 日 ...

Group 1: Industry Overview - The domestic rail transit industry continues to show good development, positively impacting the company's business orders [3] - The company will disclose specific order situations in regular reports and aims to seize market opportunities for stable business growth [3] Group 2: Dividend Policy - The company has consistently implemented a cash dividend plan, with annual cash dividends accounting for no less than 30% of the net profit attributable to shareholders [3] - Future dividend plans will consider actual operating performance, financial status, and long-term development without affecting company growth [3] Group 3: Competitive Advantages - The company promotes unmanned pure electric products, which offer advantages such as low energy consumption, intelligence, large scale, and innovative structural design [4] - A digital operation system and improved service channels enhance service capabilities to meet diverse customer needs [4] Group 4: Market Focus - The company will primarily focus on the domestic market, leveraging favorable conditions to secure more business orders [4] - The company will monitor international market changes and adjust business strategies as necessary while ensuring risk management [4]

证券代码：603680 证券简称：今创集团 公告编号：2024-017 重要内容提示： 本次会议是否有否决议案：无 一、 会议召开和出席情况 (一)股东大会召开的时间：2024 年 5 月 27 日 (二)股东大会召开的地点：江苏省常州市武进区遥观镇今创路 88 号科技大楼会 议室 (三)出席会议的普通股股东和恢复表决权的优先股股东及其持有股份情况： | 1、出席会议的股东和代理人人数 | 9 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 395,492,604 | | 3、出席会议的股东所持有表决权股份数占公司有表决权股 | 50.4635 | | 份总数的比例（%） | | (四)表决方式是否符合《公司法》及《公司章程》的规定，大会主持情况等。 本次股东大会的表决方式符合《公司法》及《公司章程》的规定，董事长俞 今创集团股份有限公司 2023 年年度股东大会决议公告 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法律责任。 金坤先生主持了本次会议。 (五)公司董事、监事和董事会秘书的出席情况 ...

江苏乐天律师事务所 关于今创集团股份有限公司2023年年度股东大会 之 法律意见书 江苏省常州市新北区龙锦路1259-1号13、16楼 邮编：213022 电话：(+86519)68763711 传真：(+86519)68766086 网址：www.letianlaw.com 二〇二四年五月 江苏乐天律师事务所 法律意见书 江苏乐天律师事务所 江苏乐天律师事务所（以下简称本所）接受今创集团股份有限公司（以下简 称公司）的委托，指派本所律师出席公司 2023 年年度股东大会（以下简称本次 股东大会），并根据《中华人民共和国公司法》（以下简称《公司法》）、《中 华人民共和国证券法》（以下简称《证券法》）、《上市公司股东大会规则》、 《上海证券交易所上市公司自律监管指引第 1 号——规范运作》（以下简称《自 律监管指引第 1 号》）以及《今创集团股份有限公司章程》（以下简称《公司章 程》）的规定，就公司本次股东大会的召集与召开程序、出席会议人员资格、召 集人资格、会议表决程序和表决结果的合法性等有关法律问题出具法律意见书。 为出具本法律意见书，本所律师对公司本次股东大会所涉及的有关事项进行 了审查，查阅了本所律师认 ...

Summary of the Conference Call Company Overview - The conference call is hosted by Jin Chuang Group, focusing on the 2023 annual and Q1 2024 performance [1] Key Points and Arguments - The call is led by Gao Feng, the Deputy General Manager and Secretary of the Board, indicating a formal presentation of the company's financial performance [1] - The meeting utilizes a live streaming format to engage with investors, highlighting the company's commitment to transparency and communication [1] - The Shanghai Stock Exchange's involvement in providing a platform for interaction suggests regulatory compliance and support for investor relations [1] Other Important Content - The introduction emphasizes gratitude towards investors and stakeholders, reflecting the company's focus on building relationships and trust [1]