证券代码：603699 证券简称：纽威股份 公告编号：临 2025-041 苏州纽威阀门股份有限公司 关于召开 2024 年度暨 2025 年第一季度 业绩说明会的公告 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： 三、 参加人员 董事长：鲁良锋先生 投资者可于 2025 年 06 月 11 日 （星期三） 至 06 月 17 日 （星期二）16:00 前登录上证路演中心网站首页点击"提问预征集"栏目或通过公司邮箱 dshbgs@neway.com.cn 进行提问。公司将在说明会上对投资者普遍关注的问题进 行回答。 苏州纽威阀门股份有限公司（以下简称"公司"）已于 2025 年 04 月 23 日发 布公司 2024 年度报告，并已于 2025 年 04 月 30 日发布公司 2025 年第一季度报 告，为便于广大投资者更全面深入地了解公司 2024 年度以及 2025 年第一季度经 营成果、财务状况，公司计划于 2025 年 06 月 18 日 （星期三） 15:00-16:00 举 行 2024 年度暨 ...

证券代码：603699 证券简称：纽威股份 公告编号：临 2025-041 苏州纽威阀门股份有限公司 关于召开 2024 年度暨 2025 年第一季度 业绩说明会的公告 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： 投资者可于 2025 年 06 月 11 日 （星期三） 至 06 月 17 日 （星期二）16:00 前登录上证路演中心网站首页点击"提问预征集"栏目或通过公司邮箱 dshbgs@neway.com.cn 进行提问。公司将在说明会上对投资者普遍关注的问题进 行回答。 苏州纽威阀门股份有限公司（以下简称"公司"）已于 2025 年 04 月 23 日发 布公司 2024 年度报告，并已于 2025 年 04 月 30 日发布公司 2025 年第一季度报 告，为便于广大投资者更全面深入地了解公司 2024 年度以及 2025 年第一季度经 营成果、财务状况，公司计划于 2025 年 06 月 18 日 （星期三） 15:00-16:00 举 行 2024 年度暨 2025 年第一季度业绩说明会，就投 ...

Investment Rating - The report assigns an "Accumulate" rating for the company, marking its first coverage [2]. Core Insights - The company has demonstrated rapid growth in performance, with 2024 revenue reaching 6.238 billion yuan, a year-on-year increase of 12.50%, and a net profit attributable to shareholders of 1.156 billion yuan, up 60.10% [5]. - The company has seen significant contributions from valves and parts, with exports accounting for over 60% of total sales [6]. - The gross profit margin has improved significantly, reaching 38.10% in 2024, an increase of 6.70 percentage points year-on-year [6]. - The company is expanding its product offerings in high-end markets and has made progress in developing several new products [7]. - The company is also diversifying its operations and gradually establishing overseas factories to enhance competitiveness in international markets [7]. Financial Performance - For 2025, the company is projected to achieve revenues of 7.347 billion yuan, with a year-on-year growth rate of 17.79%, and a net profit of 1.415 billion yuan, reflecting a growth rate of 22.41% [8][10]. - The earnings per share (EPS) for 2025 is estimated at 1.84 yuan, with a price-to-earnings (P/E) ratio of 17.10 [10][11]. - The company’s financial metrics indicate a healthy growth trajectory, with expected revenues and net profits increasing steadily through 2027 [10][11].

Investment Rating - The report assigns an "Accumulate" rating for the company, marking its first coverage [2]. Core Insights - The company has demonstrated rapid growth in performance, with 2024 revenue reaching 6.238 billion yuan, a year-on-year increase of 12.50%, and a net profit attributable to shareholders of 1.156 billion yuan, up 60.10% [5]. - The company is expanding its product offerings in high-end markets, with significant advancements in various product lines and a focus on international sales, which now account for over 60% of total sales [6][7]. - The gross profit margin has improved significantly, reaching 38.10% in 2024, an increase of 6.70 percentage points year-on-year, indicating effective cost control [6]. Financial Performance - In Q1 2025, the company reported revenue of 1.556 billion yuan, a 14.44% increase year-on-year, and a net profit of 263 million yuan, up 33.52% [5]. - The company expects revenues for 2025-2027 to be 7.347 billion, 8.297 billion, and 9.289 billion yuan, respectively, with year-on-year growth rates of 17.79%, 12.93%, and 11.95% [8][10]. - The projected net profit for the same period is 1.415 billion, 1.617 billion, and 1.834 billion yuan, with growth rates of 22.41%, 14.34%, and 13.42% [8][10]. Product and Market Development - The company is actively expanding into downstream application fields, including nuclear power, oil and gas equipment, and wind energy, while also developing new products and enhancing its technological capabilities [7]. - The company is establishing overseas factories to strengthen its competitive position in international markets, leveraging sales networks in the Americas, Europe, and Southeast Asia [7].

Investment Rating - The report maintains a "Buy" rating for the company [1] Core Views - The company is positioned to benefit significantly from the rising demand in the nuclear power sector, particularly as a supplier for the ITER project, which has achieved a major milestone in controlled nuclear fusion technology [2][3] - The company has received necessary certifications to supply various types of nuclear-grade valves, enabling it to participate in both domestic and international nuclear power projects [3] - Recent government approvals for multiple nuclear power projects in China and reforms in the U.S. nuclear regulatory framework indicate a sustained high demand for nuclear power, which the company is well-equipped to capitalize on [4] - The geopolitical landscape is driving increased investment in the oil and gas sector, particularly in the Middle East, which is expected to enhance the company's order visibility and revenue growth [5] Financial Summary - The company forecasts total revenue growth from CNY 5,544 million in 2023 to CNY 10,423 million by 2027, representing a compound annual growth rate (CAGR) of approximately 17.32% [1] - Net profit attributable to shareholders is projected to grow from CNY 721.80 million in 2023 to CNY 2,063.66 million by 2027, with a peak growth rate of 60.10% in 2024 [1] - The earnings per share (EPS) is expected to increase from CNY 0.94 in 2023 to CNY 2.69 in 2027, reflecting strong profitability [1] - The current price-to-earnings (P/E) ratio is projected to decrease from 33.22 in 2023 to 11.62 by 2027, indicating an attractive valuation as earnings grow [1]

截至本公告披露日，王世文先生未持有公司股份。 特此公告。 附件：王世文先生简历 苏州纽威阀门股份有限公司 证券代码：603699 证券简称：纽威股份 公告编号：临 2025-040 苏州纽威阀门股份有限公司 关于王世文先生当选公司董事的公告 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。 根据公司 2024 年年度股东大会决议，王世文先生当选公司董事。 根据公司第五届董事会第二十八次会议决议，王世文先生当选公司第五届董 事会审计委员会委员、薪酬与考核委员会委员。 2025 年 05 月 16 日 1 简历：王世文，1969 年出生，中国国籍，无境外永久居留权，博士学历、 硕士生导师、苏州市政协委员。1994 年 7 月至 2002 年 8 月，先后任华北工学院 分院讲师、系副主任。2002 年 8 月至今，任苏州科技大学商学院教授、江苏省 资本市场研究会理事；2019 年 12 月至 2022 年 12 月任苏州昀冢电子科技股份有 限公司独立董事；2021 年 3 月至 2024 年 5 月任苏州可川电子科技股份有限公司 独立 ...

证券代码：603699 证券简称：纽威股份 公告编号：临 2025-039 苏州纽威阀门股份有限公司 2024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。 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 (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。 本次会议由公司董事长鲁良锋先生主持，本次会议的召集、召开程序符合《公 司法》及《公司章程》的规定，表决方式及表决结果合法、有效。 (五)公司董事、监事和董事会秘书的出席情况 二、 议案审议情况 (一)非累积投票议案 1、 议案名称：公司关于 2024 年度董事会工作报告的议案 审议结果：通过 (一)股东大会召开的时间：2025 年 5 月 15 日 (二)股东大会召开的地点：江苏省苏州市高新区泰山路 666 号会议室 (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 | 248 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数 ...

Core Points - Wang Shiwun has been elected as a director of Suzhou Neway Valve Co., Ltd. according to the resolution of the 2024 annual general meeting of shareholders [1] - Wang Shiwun has also been appointed as a member of the Audit Committee and the Compensation and Assessment Committee of the fifth board of directors [1] - As of the announcement date, Wang Shiwun does not hold any shares in the company [1] Summary of Wang Shiwun's Background - Wang Shiwun, born in 1969, is a Chinese national with a doctoral degree and serves as a master's supervisor and a member of the Suzhou Political Consultative Conference [1] - He has held various academic positions, including lecturer and deputy director at North China Institute of Technology from July 1994 to August 2002, and has been a professor at Suzhou University of Science and Technology since August 2002 [1] - Wang has served as an independent director for several companies, including Suzhou Yunzong Electronics Technology Co., Ltd. and Suzhou Kechuan Electronics Technology Co., Ltd., and has been involved with Kunshan Rural Commercial Bank and Suzhou Traffic Investment Group [1]

Meeting Details - The annual general meeting of Suzhou Neway Valve Co., Ltd. was held on May 15, 2025, at the meeting room located at 666 Taishan Road, Suzhou High-tech Zone, Jiangsu Province [1] - The meeting was presided over by the chairman, Mr. Lu Liangfeng, and complied with the provisions of the Company Law and the Articles of Association [1][3] - A total of 79.1446% of the shares were represented at the meeting [1] Voting Results - All non-cumulative voting proposals were approved with a high level of agreement, with the majority of votes in favor exceeding 99.99% for several proposals [1][2] - Specific voting results included: - Proposal 1: 608,229,686 votes in favor (99.9909%), 500 against (0.0000%), 54,700 abstentions (0.0091%) [1][2] - Proposal 2: 608,146,086 votes in favor (99.9771%), 500 against (0.0000%), 138,300 abstentions (0.0229%) [1] - Proposal 3: 607,484,832 votes in favor (99.8684%), 745,354 against (0.1225%), 54,700 abstentions (0.0091%) [2] Legal Compliance - The meeting's procedures and voting results were confirmed to be legal and valid by the attending lawyers, ensuring compliance with relevant laws and regulations [3][4]

江苏合展兆丰律师事务所 H&Z LAW FIRM 江苏合展兆丰律师事务所 关于苏州纽威阀门股份有限公司 2024 年年度股东大会的 法律意见书 苏兆证字（2025）第 00515 号 致：苏州纽威阀门股份有限公司 江苏合展兆丰律师事务所（以下简称"本所"）接受苏州纽威阀门股份有限公 司（以下简称"公司"）的委托，指派郭新花律师、顾静梅律师（以下简称"本所 律师"）出席了公司 2024 年年度股东大会（以下简称"本次股东大会"）的现场会 议，现本所根据《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》等我国现行法律、 法规以及《上海证券交易所上市公司股东大会网络投票实施细则》等规范性文 件和《苏州纽威阀门股份有限公司章程》（以下简称"《公司章程》"）、上市公司 股东大会规则的有关规定，就本次股东大会的有关事宜出具本法律意见书。 为出具本法律意见书，本所律师审查了公司提供的有关文件及其复印件， 核对了其中相关文件的原件，并取得公司向本所作出的如下保证：公司已向本 所提供了出具本法律意见书所必须的、真实的、完整的原始书面材料、副本材 料、复印件 ...