证券代码：603699 证券简称：纽威股份 公告编号：临 2024-065 苏州纽威阀门股份有限公司 关于使用部分闲置募集资金购买理财产品的公告 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： 委托理财受托方：澳门国际银行股份有限公司（以下简称"澳门国际银 行"） 本次委托理财金额：两笔理财金额分别为 800 万元人民币和 1,500 万元 人民币 委托理财产品名称：800 万元理财为"澳银财富"结构性存款（三层结构） 第 728 期、1,500 万元理财为"澳银财富"结构性存款（三层结构）第 729 期 2.闲置资金使用情况 经中国证券监督管理委员会《关于核准苏州纽威阀门股份有限公司首次公开 发行股票的批复》（证监许可[2013]1653 号文）核准，公司于 2014 年 1 月 14 日 在上海证券交易所以人民币 17.66 元/股的发行价格公开发行 82,500,000 股人民 币普通股（A 股），其中公司公开发行新股 50,000,000 股，募集资金总额计人民 币 883,000,000.00 ...

Investment Rating - The report maintains an "Overweight" rating for the company, with a target price of 21.96 CNY, up from the previous target of 20.98 CNY [4] Core Views - The company has been deeply involved in the valve industry for 20 years, with a broad business layout and diversified downstream sectors, making it resilient to cyclical fluctuations [1] - The company is expected to achieve rapid growth due to the recovery of traditional downstream sectors and the rapid expansion of new businesses such as new energy and nuclear power [1] - The company's performance in H1 2024 met expectations, with revenue reaching 2.838 billion CNY (+17.14% YoY) and net profit attributable to shareholders reaching 488 million CNY (+45.04% YoY) [12] - The company's order structure has been optimized, with gross margin reaching 35.48% (+5.78 ppts YoY) and net margin reaching 17.41% (+3.33 ppts YoY) in H1 2024 [12] Financial Summary - Revenue is expected to grow from 4.059 billion CNY in 2022 to 9.051 billion CNY in 2026, with a CAGR of 22.2% [2] - Net profit attributable to shareholders is projected to increase from 466 million CNY in 2022 to 1.297 billion CNY in 2026, with a CAGR of 29.3% [2] - ROE is expected to rise from 14.3% in 2022 to 24.6% in 2026, indicating improving profitability [2] - The company's EPS is forecasted to grow from 0.61 CNY in 2022 to 1.71 CNY in 2026 [2] Business Highlights - The company has made breakthroughs in multiple areas, including the delivery of 106 sets of dual-link switching valves, the successful acceptance of a 28-inch subsea ball valve, and the acquisition of international FPSO projects [12] - The company has also secured contracts for energy storage and gas storage wellhead projects in the Middle East and Europe, as well as high-end nuclear power product procurement [12] - Traditional downstream sectors (chemical, refining, oil extraction) are experiencing increased demand, while new businesses (LNG, offshore engineering, nuclear power) are growing rapidly [12] - The global renewable energy share in electricity generation reached 30% in 2023, and is expected to increase to 35% by 2025, driving higher demand for industrial valves [12] Valuation - The company is valued at 18x 2024E PE, higher than the industry average of 17.24x, reflecting its strong competitive advantages and high growth potential [13] - Comparable companies include Jiangsu Shentong (002438 SZ) and CNNC SUFA Technology Industry (000777 SZ), with average 2024E PE of 17.24x [14]

证券代码：603699 证券简称：纽威股份 公告编号：临 2024-062 苏州纽威阀门股份有限公司 第五届监事会第十四次会议决议的公告 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。 苏州纽威阀门股份有限公司（以下简称"公司"）第五届监事会第十四次会 议于 2024 年 08 月 23 日上午以现场结合通讯方式召开。应到监事 3 名，实到监 事 3 名。会议由监事会主席邹琴女士主持，会议的召开符合有关法律、行政法规、 部门规章、规范性文件和公司章程的相关规定。会议审议了以下议案： 1、审议并通过《关于公司 2024 年半年度报告及摘要的议案》； 表决结果：3 票同意，0 票反对，0 票弃权。 2、审议并通过《2024 年上半年募集资金存放与实际使用情况的专项报告的 议案》； 表决结果：3 票同意，0 票反对，0 票弃权。 特此公告。 苏州纽威阀门股份有限公司 监事会 3、审议并通过《关于 2024 年半年度利润分配预案的议案》； 表决结果：3 票同意，0 票反对，0 票弃权。 2024 年 08 月 24 日 1 ...

证券代码：603699 证券简称：纽威股份 公告编号：临 2024-064 苏州纽威阀门股份有限公司 关于 2024 年中期利润分配预案的公告 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： 苏州纽威阀门股份有限公司（以下简称"公司"）拟向全体股东每 10 股 派发现金红利人民币 3.80 元（含税）。 本次利润分配以实施权益分派股权登记日登记的总股本为基数，具体日 期将在权益分派实施公告中明确。 如在实施权益分派的股权登记日前公司总股本发生变动的，拟维持按每 10 股派发现金红利 3.80 元（含税）不变，相应调整分配总额，并将在相关公告 中披露。 公司已于 2024 年 5 月 15 日召开 2023 年年度股东大会审议通过了《关于 2024 年中期利润分配预案的议案》，由股东大会授权董事会全权办理公司半年度 利润分配相关事宜。本次利润分配方案无需提交股东大会审议。 一、利润分配预案的内容 根据公司 2024 年半年度报告，2024 年半年度公司合并报表归属于母公司实 现的净利润为 488,027,5 ...

Financial Performance - The company's operating revenue for the first half of 2024 reached RMB 2,837,963,786.72, representing a year-on-year increase of 17.14%[14] - The net profit attributable to shareholders of the listed company was RMB 488,027,575.54, a year-on-year increase of 45.04%[14] - The net profit attributable to shareholders after deducting non-recurring gains and losses was RMB 483,046,786.15, reflecting a year-on-year growth of 37.41%[14] - Basic earnings per share for the first half of 2024 were RMB 0.64, up 42.22% from RMB 0.45 in the same period last year[15] - The weighted average return on net assets was 12.83%, an increase from 9.80% in the previous year[15] - The company reported a total profit of CNY 594,353,973.58 for the first half of 2024, compared to CNY 335,406,585.26 in the same period last year, marking a growth of 77.3%[95] - The company achieved a gross profit margin of approximately 18.5% in the first half of 2024, compared to 15.5% in the same period of 2023, reflecting improved operational efficiency[91] Cash Flow and Financial Position - The net cash flow from operating activities decreased by 58.96% to RMB 70,814,256.22, primarily due to increased costs and expenses[16] - Cash flow from operating activities amounted to CNY 70,814,256.22, a decrease of 59% from CNY 172,540,664.28 in the first half of 2023[97] - The total cash and cash equivalents at the end of the period stood at CNY 1,313,159,505.54, up from CNY 1,071,127,984.09 at the end of the first half of 2023[97] - The company has a cash management balance of 0.65 billion RMB as of the end of the reporting period, with a maximum balance during the period not exceeding the authorized limit[79] - The company reported a significant increase in contract liabilities to ¥226,661,662.67 from ¥182,858,041.28, representing a rise of about 24%[86] Assets and Liabilities - Total assets grew by 5.01% to RMB 8,273,290,236.59 compared to the end of the previous year[14] - The company's total current assets as of June 30, 2024, amounted to CNY 6,600,821,342.58, an increase from CNY 6,183,782,948.91 as of December 31, 2023, reflecting a growth of approximately 6.7%[85] - Total liabilities increased to ¥4,256,084,674.37 in the first half of 2024, compared to ¥3,930,222,196.02 in the same period of 2023, marking an increase of 8.3%[90] - Current liabilities rose to ¥4,257,692,797.88, compared to ¥3,990,004,996.77, indicating an increase of about 7%[86] Research and Development - The company has invested in R&D with over 200 international team members across research centers in China, Italy, and the USA, focusing on advanced valve technologies[23] - Research and development expenses rose by 18.20% to ¥77,458,097.11 from ¥65,529,681.96 in the previous year[36] - The company is committed to continuous product improvement and innovation to meet the increasing demands of the energy sector[19] Market and Product Development - The company aims to expand its market share in both domestic and international markets by enhancing production capacity and investing in new technologies[20] - The company has expanded its product applications in various industries, including nuclear power, oil and gas equipment, and renewable energy, while developing new products such as flanges and tire molds, laying a solid foundation for future order increases[27] - The company has deepened strategic cooperation with global energy enterprises, expanding its market penetration in LNG and fine chemicals, and has participated in numerous significant domestic and international projects[28] Environmental Management - The company has established various environmental management systems and has received pollution discharge permits, ensuring compliance with total pollutant control requirements[52] - The company has committed to environmental protection regulations and has successfully passed environmental impact assessments for its projects[54] - The company has reduced carbon emissions by 585.3 tons during the last fiscal year through various measures, including replacing old machinery and increasing the installation of photovoltaic panels[58] Shareholder Information - The company plans to distribute a cash dividend of RMB 3.80 per 10 shares to all shareholders[3] - The total number of common shareholders reached 14,590 by the end of the reporting period[81] - The top two shareholders, Wang Baoqing and Cheng Zhangwen, each hold 15.99% of the shares, totaling 121,564,912 shares[81] Risks and Challenges - The company faces risks related to cyclical fluctuations in the oil and gas industry, rising costs, and exchange rate volatility[4] - Political instability in global markets could negatively impact the company's overseas sales and operations[44] - Rising costs due to macroeconomic changes and raw material price fluctuations pose a risk to future profitability[41] Corporate Governance - The company held its first and second extraordinary general meetings in January and March 2024, respectively, with all proposals approved[46] - The company has not reported any major litigation or arbitration matters during the reporting period[63] - There were no significant related party transactions or changes in major contracts during the reporting period[64]

证券代码：603699 证券简称：纽威股份 公告编号：临 2024-061 表决结果：7 票同意，0 票反对，0 票弃权。 3、审议并通过《关于 2024 年半年度利润分配预案的议案》； 表决结果：7 票同意，0 票反对，0 票弃权。 苏州纽威阀门股份有限公司 第五届董事会第十七次会议决议的公告 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。 2024 年 08 月 23 日，苏州纽威阀门股份有限公司（以下简称"公司"）第五 届董事会第十七次会议以现场结合通讯方式召开。会议由董事长鲁良锋先生主持， 出席会议的董事或经董事授权的代理人共 7 名，符合法律、法规和《公司章程》 的要求。与会董事经审议作出如下决议： 1、审议并通过《关于公司 2024 年半年度报告及摘要的议案》； 表决结果：7 票同意，0 票反对，0 票弃权。 本议案已经公司第五届董事会审计委员会 2024 年度第三次会议审议通过。 2、审议并通过《2024 年上半年募集资金存放与实际使用情况的专项报告的 议案》； 特此公告。 1 苏州纽威阀门股份有限公司 董 ...

证券代码：603699 证券简称：纽威股份 公告编号：临 2024-060 苏州纽威阀门股份有限公司 关于使用部分闲置募集资金 进行委托理财到期赎回的公告 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。 苏州纽威阀门股份有限公司（以下简称"公司"）第五届董事会第十二次会 议、2023 年年度股东大会审议通过了《关于使用部分闲置募集资金及自有资金 购买理财产品的议案》，在确保不影响募集资金项目建设、生产经营过程中对募 集资金及自有资金使用的情况下，公司及公司子公司拟使用合计不超过 7 亿元人 民币闲置募集资金及自有资金购买理财产品。其中闲置募集资金总额度不超过 1 亿元人民币（含本数）购买最长不超过 1 年（含 1 年）的低风险、流动性高的理 财产品；自有资金总额度不超过 6 亿元人民币（含本数）购买最长不超过 1 年（含 1 年）的理财产品。所购理财产品的发行主体仅为银行、证券公司或信托公司等 金融机构。以上资金额度在决议有效期内可以滚动使用。详见本公司于上海证券 交易所网站(www.sse.com.cn)披露的《苏州纽 ...

关于使用部分闲置募集资金购买理财产品的公告 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： 履行的审议程序：公司第五届董事会第十二次会议审议通过，并经 2023 年年度股东大会审议通过。有效期至 2024 年年度股东大会召开。 证券代码：603699 证券简称：纽威股份 公告编号：临 2024-059 苏州纽威阀门股份有限公司 特别风险提示：公司本次购买的理财产品为保本浮动收益型产品。产品 受宏观经济、财政及货币政策的影响较大，不排除该项投资可能受到市场波动的 影响。敬请广大投资者谨慎决策，注意防范投资风险。 一、本次委托理财概况 （一）委托理财目的 为提高公司资金使用效率，在确保不影响募集资金项目建设、生产经营过程 中，对暂时闲置的募集资金进行现金管理，增加资金收益，以更好地实现公司资 金的保值增值，保障公司股东的利益。 （二）资金来源 1.资金来源：闲置募集资金。 2.闲置资金使用情况 经中国证券监督管理委员会《关于核准苏州纽威阀门股份有限公司首次公开 发行股票的批复》（证监许可[2013]1653 ...

Investment Rating - The report maintains a "Buy" rating for the company [1] Core Views - The company plans to invest 220 million yuan to expand its casting capacity, aiming for an annual output of 5,000 tons of carbon steel and 5,000 tons of stainless steel precision castings, with an expected annual output value of approximately 260 million yuan [1] - The expansion project reflects the company's optimism about long-term development, particularly in the oil and gas refining sectors [1][2] - The company has seen a significant increase in orders from the oil and gas sector, with this segment accounting for about 60% of total orders and experiencing a growth rate of approximately 50% since 2024 [2] - The Middle East and Africa are highlighted as the fastest-growing regions for overseas orders, driven by Chinese oil and gas companies expanding internationally [2] Financial Forecasts and Valuation - The company forecasts total revenue of 6,869 million yuan for 2024, with a year-on-year growth of 23.89% [1][7] - The projected net profit attributable to shareholders for 2024 is 953.16 million yuan, reflecting a year-on-year increase of 32.05% [1][7] - The report estimates the company's P/E ratios for 2024, 2025, and 2026 to be 13.93, 11.87, and 10.23, respectively [1][8] - The report maintains net profit forecasts of 9.5 billion yuan, 11.2 billion yuan, and 13.0 billion yuan for 2024, 2025, and 2026, respectively [2] Market Data - The closing price of the company's stock is 17.46 yuan, with a market capitalization of approximately 13.28 billion yuan [3] - The company's price-to-book ratio is 3.36 [3] Basic Data - The company's net asset per share is 5.20 yuan, and the debt-to-asset ratio is 48.62% [4]

会议资料 2 二○二四年八月 6 纽威股份 2024 年第四次临时股东大会会议资料 目 录 | 2024 年第四次临时股东大会须知 | 3 | | --- | --- | | 2024 | 年第四次临时股东大会会议议程 5 | | 关于项目投资的议案 | 6 | 苏州纽威阀门股份有限公司 2024 年第四次临时股东大会 一、会议按照法律、法规、有关规定和公司章程、股东大会议事规则的规定 进行，请参会人员自觉维护会议秩序，防止不当行为影响其他股东合法权益。 四、出席大会的股东（或股东代理人）要求在会议上发言，应当在出席会议 登记日或出席会议签到时，向公司登记。超过十人时先安排持股数多的前十位股 东，发言顺序亦按持股数多的在先。 二、参会股东（或股东代理人）应严格按照本次会议通知所记载的会议登记 方法及时全面的办理会议登记手续及有关事宜。 纽威股份 2024 年第四次临时股东大会会议资料 苏州纽威阀门股份有限公司 2024 年第四次临时股东大会须知 为维护苏州纽威阀门股份有限公司（以下简称"公司"）全体股东的合法权益， 确保本次股东大会的正常秩序和议事效率，保证大会顺利进行,根据中国证券监 督管理委员会发布的《上 ...