Investment Rating - The investment rating for Qin'an Co., Ltd. (603758.SH) is "Buy" based on its strong performance and growth potential in the market [3]. Core Insights - The company reported a significant increase in profitability, with a revenue of 1.74 billion RMB in 2023, representing a year-on-year growth of 37.8%. The net profit attributable to shareholders reached 261 million RMB, up 43.9% year-on-year, and the net profit after deducting non-recurring items was 290 million RMB, reflecting a remarkable growth of 130.4% [1][2][3]. - The company has a robust cash position, with cash and cash equivalents totaling 1.15 billion RMB at the end of 2023, and a proposed cash dividend of 216 million RMB, which accounts for 82.95% of the net profit for the year [12][4]. Summary by Sections Financial Performance - In 2023, Qin'an Co., Ltd. achieved total revenue of 1.74 billion RMB, with a year-on-year growth rate of 37.8%. The net profit attributable to shareholders was 261 million RMB, marking a 43.9% increase compared to the previous year. The gross profit margin improved to 27.8%, up from 20.2% in 2022 [5][4]. - The company’s earnings per share (EPS) for 2023 was 0.59 RMB, with a projected EPS of 0.80 RMB for 2024 [5][4]. Business Segments - The company has made significant strides in the new energy hybrid sector, with cylinder head revenue reaching 805 million RMB and a market share of 15.52%, an increase of 11.11 percentage points year-on-year. The cylinder block business generated 495 million RMB, with a market share of 11.34%, up 10.74 percentage points [3][4]. - The crankshaft business reported revenue of 163 million RMB, achieving a market share of 3.93% in the new energy hybrid vehicle market [3]. Future Outlook - The company is expected to continue optimizing its customer structure, with major clients including Changan Ford and Li Auto. The forecasted net profits for 2024, 2025, and 2026 are 350 million RMB, 435 million RMB, and 526 million RMB, respectively, indicating a strong growth trajectory [4][11].

证券代码：603758 证券简称：秦安股份 重庆秦安机电股份有限公司 关于 2023 年度业绩说明会召开情况 重庆秦安机电股份有限公司（以下简称"公司"）已于 2024 年 3 月 14 日（星期四）上午 11:00-12:00 在上海证券交易所上证路演中心通过网络文字 互动方式召开 2023 年度业绩说明会，现将有关事项公布如下： 一、业绩说明会召开情况 2024 年 3 月 8 日，公司于上海证券交易所网站（www.sse.com.cn）及 指定信息披露媒体披露了《秦安股份关于召开 2023 年度业绩说明会的公告》 2024 年 3 月 14 日 上 午 11:00-12:00 ， 公 司 实 际 控 制 人 、 董 事 长 YUANMING TANG 先生、董事兼总经理余洋先生、独立董事孙少立先生、副 总经理兼财务总监丁锐佳女士、董事会秘书许锐女士出席了本次业绩说明会。 与投资者进行互动交流和沟通，就投资者关注的问题进行了回复。 二、投资者提出的主要问题及公司回复情况 （公告编号：2024-009）。 问题 1、在电动汽车领域，公司有什么切入点？ 回复：感谢您的关注，公司拥有铸造及机加工一体化产品开发能 ...

证券代码：603758 证券简称：秦安股份 重庆秦安机电股份有限公司 投资者关系活动记录表 编 号 ： 2024- 001 □特定对象调研 □分析师会议 投资者关系活 □媒体采访 √业绩说明会 动类别 □新闻发布会 □路演活动 □现场参观 □其他 参与单位名称 招商证券、民生证券、华泰证券、信达证券、东北证券、西南证券、中信证券、国海证 及人员姓名 券、华夏基金等80余名机构代表。 时间 2024年3月12日 15:00-15:50 地点 线上 上市公司接待 董事兼总经理：余洋 人员姓名 董事会秘书：许锐 ...

一、股票交易异常波动的具体情况 证券代码：603758 证券简称：秦安股份 公告编号：2024-021 重庆秦安机电股份有限公司 股票交易异常波动公告 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： 股票交易异常波动的情形 重庆秦安机电股份有限公司（以下简称"公司"）A 股股票交易于 2024 年 3 月8日至2024年3月12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》有关规定，属于股票交易异常波动情况。 经公司自查并向实际控制人书面发函查证，截至本公司披露日，确认不 存在应披露而未披露的重大信息。 （四）其他情况 经公司核实，公司控股股东、实际控制人及公司董事、监事、高级管理人员 在公司本次股票交易异常波动期间不存在买卖公司股票的情况。公司未发现其他 可能对公司股价产生较大影响的重大事件。 公司 A 股股票交易于 2024 年 3 月 8 日至 2024 年 3 月 12 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》 ...

重庆秦安机电股份有限公司: 关于《重庆秦安机电股份有限公司股票交易异常波动有关事项问 询函》的回函 本人作为重庆秦安机电股份有限公司(以下简称"公司")的控股股东、实 际控制人,截至目前,不存在影响公司股票交易价格异常波动的重大事项,也不 存在应披露而未披露的重大信息,包括但不限于重大资产重组、股份发行、重大 交易类事项、业务重组、股份回购、股权激励、破产重整、重大业务合作、引进 战略投资者等重大事项。 特此回复。 《重庆秦安机电股份有限公司股票交易异常波动有关事项问询函》已收悉, 经认真自查,现回复如下: YUANMING TANG 2024年3月12日 ...

Financial Performance - The company's operating revenue for 2023 reached RMB 1,739,832,673.54, representing a 37.80% increase compared to RMB 1,262,566,551.15 in 2022[26] - The net profit attributable to shareholders for 2023 was RMB 260,726,069.69, up 43.87% from RMB 181,224,497.86 in the previous year[26] - The net profit after deducting non-recurring gains and losses was RMB 288,723,330.58, a significant increase of 130.40% compared to RMB 125,315,573.45 in 2022[26] - Basic earnings per share increased by 41.86% to CNY 0.61 in 2023 from CNY 0.43 in 2022[28] - Diluted earnings per share rose by 39.53% to CNY 0.60 in 2023 compared to CNY 0.43 in 2022[28] - The weighted average return on equity increased to 10.28% in 2023, up 3.37 percentage points from 6.91% in 2022[28] - The operating cost increased to CNY 1,255,343,360.87, up 24.55% compared to the previous year, indicating effective cost management as the revenue growth outpaced cost growth[85] - The gross profit margin for the automotive parts segment was 26.73%, an increase of 7.42 percentage points year-on-year[87] Cash Flow and Assets - Cash flow from operating activities for 2023 was RMB 307,372,984.90, down 41.56% from RMB 525,937,301.19 in 2022[27] - The total assets at the end of 2023 were RMB 3,158,679,344.25, a decrease of 1.09% from RMB 3,193,521,671.88 at the end of 2022[27] - The net assets attributable to shareholders decreased by 2.71% to RMB 2,589,631,197.50 from RMB 2,661,745,246.34 at the end of 2022[27] - The company's total assets at the end of the period were ¥3,157,000,000, with cash and cash equivalents accounting for 33.02%, down from 41.24% in the previous year, reflecting a 20.84% decrease[101] Market and Product Development - The company is focusing on expanding its market presence and enhancing product development to drive future growth[28] - The company has actively expanded its market presence, securing orders for transmission cases and cylinder heads for North American Ford through Changan Ford, and has received inquiries from clients in the new energy sector[42] - The company is advancing its "reconstruction and upgrade" strategy in the new energy sector, establishing a subsidiary focused on hybrid drive system product development, with several prototypes already completed[44] - The company aims to enhance its competitive edge by focusing on lightweight automotive components, which are crucial for energy efficiency and emissions reduction[115] - The company plans to advance its research and development in hybrid power systems for new energy vehicles, aiming to create new revenue growth points by 2024[121] Customer and Supplier Relations - The main customers include major automotive manufacturers such as Changan Ford, Li Auto, and SAIC General Motors Wuling, indicating a strong market presence[62] - The top five customers contributed ¥154,234.45 million, accounting for 88.64% of total annual sales[95] - The company's total procurement from the top five suppliers was ¥51,635.35 million, making up 58.24% of total annual procurement[95] Employee and Governance - The total number of employees in the parent company and major subsidiaries is 2,355, with 1,394 in the parent company and 961 in subsidiaries[163] - The company has established a competitive salary system and incentive plans to ensure employee income aligns with market standards[165] - The company has implemented an annual target responsibility assessment system for senior management, linking performance to compensation[176] - The company has established a remuneration management system for directors, supervisors, and senior management, ensuring compliance with the company's remuneration policies[151] Environmental and Sustainability Efforts - The company has invested 21.74 million in environmental protection funds during the reporting period[181] - Qin'an Casting has implemented 27 sets of air pollution control facilities and 31 exhaust stacks to manage dust emissions effectively[183] - The wastewater treatment station at Qin'an Casting utilizes advanced systems, ensuring that treated wastewater meets the GB8978-1996 standards before being discharged into the municipal sewage network[184] - The company has implemented energy-saving measures, resulting in a reduction of carbon emissions by 850.50 tons during the reporting period[199] Risks and Challenges - The company faces risks from macroeconomic fluctuations that could impact the automotive parts industry, particularly in light of international trade tensions[125] - The company is exposed to industry policy risks that could affect its operations if there are changes in government support for the automotive sector[126] - The company has a high dependency on core customers, which poses a risk if there are significant changes in their order patterns or financial health[128] - The company is vulnerable to fluctuations in raw material prices, such as aluminum and carbon steel, which could impact production costs and overall profitability[130] Corporate Governance - The board of directors and supervisory board operate independently, with no related party transactions or actions harming the interests of minority shareholders reported[137] - The company has established a robust internal control system, ensuring effective execution of financial management and safeguarding asset security[138] - The company has not encountered any violations of laws or regulations by its directors or senior management during the reporting period[136] Shareholder Engagement - The company plans to distribute a cash dividend of RMB 5.00 per 10 shares, totaling RMB 216,282,437.50, which represents 82.95% of the net profit attributable to ordinary shareholders in the consolidated financial statements[168][171] - The company has established specialized committees under the board, including the audit committee and the strategic committee[158] - The company actively engages with investors through various channels, enhancing communication and protecting investor interests[140]

关于开展原材料及外汇套期保值的公告 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、准确性和完整性依法承担法律责任。 重要内容提示： 一、交易情况概述 （一）交易目的 （1）原材料套期保值 证券代码：603758 证券简称：秦安股份 公告编号：2024-011 重庆秦安机电股份有限公司 重庆秦安机电股份有限公司（以下简称"公司"）产品所需的主要原材料包 括铜、铝锭、碳钢（压块）、硅等材料，相关原材料的价格波动会给公司的生产 经营带来明显影响。如公司主要原材料价格发生大幅波动，将直接影响公司生产 1 交易目的、交易品种、交易工具、交易场所和交易金额：为了降低和防 范公司原材料包括铜、铝锭、碳钢（压块）、硅等材料的价格波动及公司 外币结算业务的汇率波动带来的经营风险，提高公司抗风险能力，增强 财务稳健性，公司拟开展原材料及外汇套期保值业务，交易品种为国内 期货交易所上市交易的铜、铝锭、碳钢（压块）、硅等商品品种及日元、 欧元等外汇品种。公司开展原材料及外汇套期保值业务在授权期限内任 一时点保证金最高占用额不超过人民币 12,000 万元人民币或其他等值 外币， ...

目 录 | 一、审计报告……………………………………………………… 第 1—6 | | 页 | | --- | --- | --- | | 二、财务报表……………………………………………………… 第 7—14 | | 页 | | （一）合并资产负债表…………………………………………… 第 | 7 | 页 | | （二）母公司资产负债表………………………………………… 第 | 8 | 页 | | （三）合并利润表………………………………………………… 第 | 9 | 页 | | （四）母公司利润表………………………………………………第 | 10 | 页 | | （五）合并现金流量表……………………………………………第 | 11 | 页 | | （六）母公司现金流量表…………………………………………第 | 12 | 页 | | （七）合并所有者权益变动表……………………………………第 | 13 | 页 | | （八）母公司所有者权益变动表…………………………………第 | 14 | 页 | | 三、财务报表附注……………………………………………… | 第 | 15—92 | 页 | | --- | --- | -- ...

一、 本次计提减值准备的情况概述 为客观、准确和公允地反映公司 2023 年度财务状况、经营成果和资产价值， 本着谨慎性原则，按照《企业会计准则》以及公司会计政策的相关规定，公司对 各项资产进行了全面清查，对存在减值迹象的资产进行减值测试并计提了相应的 减值准备。 证券代码：603758 证券简称：秦安股份 公告编号：2024-016 重庆秦安机电股份有限公司 关于2023年度计提资产减值准备的公告 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。 重庆秦安机电股份有限公司（以下简称"公司"）于 2024 年 3 月 11 日召开 第五届董事会第五次会议、第五届监事会第四次会议，会议审议通过了《关于 2023 年度计提资产减值准备的议案》，同意了公司 2023 年度计提减值准备事宜。 现将具体情况公告如下： 2023 年度公司计提各类减值准备共计 1,782.32 万元，计提项目明细如下： | 计提项目 | 计提金额（万元） | | | --- | --- | --- | | 信用减值准备 | | -14.02 | | 存 ...

证券代码：603758 证券简称：秦安股份 公告编号：2024-014 重庆秦安机电股份有限公司 关于使用自有资金进行投资理财的公告 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： 已履行的审议程序 本事项已经公司第五届董事会第五次会议审议通过。 特别风险提示 尽管公司拟使用暂时闲置自有资金购买安全性、流动性较高的低风险 产品，但金融市场受宏观经济的影响较大，不排除该项投资受到市场 波动的影响。公司将根据经济形势以及金融市场的变化适时适量的介 入，因此短期投资的实际收益不可预期。 一、投资情况概述 （一）投资目的 为提高资金使用效率，在不影响公司生产经营的前提下，公司拟使用闲置自 有资金进行理财，以增加公司收益。 （二）投资金额 本次拟投资总金额不超过 50,000 万元人民币，在规定期限内进行投资，任 一时点的交易金额（含前述投资的收益进行再投资的相关金额）不超过总投资额 度。 1 投资种类：安全性、流动性较高的低风险理财产品、结构性存款、信托 产品、国债逆回购等。 投资金额：不超过 50,000 万元 ...