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盈利能力显著提升,上市以来持续高分红
Xinda Securities· 2024-03-18 16:00
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].
秦安股份:秦安股份关于2023年度业绩说明会召开情况
2024-03-14 10:11
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 ...
秦安股份:秦安股份实控人关于股票交易异常波动问询函的回函
2024-03-12 11:01
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 ...
秦安股份:秦安股份股票交易异常波动公告
2024-03-12 11:01
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》 ...
秦安股份(603758) - 2023 Q4 - 年度财报
2024-03-11 16:00
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]
秦安股份:天健会计师事务所关于秦安股份2023年度财务审计报告
2024-03-11 12:47
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 | | --- | --- | -- ...
秦安股份:秦安股份关于开展原材料及外汇套期保值的公告
2024-03-11 12:47
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, ...
秦安股份:秦安股份2023年年度利润分配方案公告
2024-03-11 12:44
证券代码:603758 证券简称:秦安股份 公告编号:2024-017 重庆秦安机电股份有限公司 2023 年年度利润分配方案公告 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: 公司 2023 年年度利润分配方案:每 10 股派发现金红利人民币 5.00 元 (含税),不送红股,不以资本公积金转增股本。 如在本公告披露之日起至实施权益分派股权登记日期间,公司总股本发生变 动的,公司拟维持每股分配金额不变,相应调整分配总额,并将另行公告具体调 整情况。 本次利润分配方案尚需提交2023年度股东大会审议。 二、公司履行的决策程序 本次利润分配以实施权益分派股权登记日登记的总股本 438,797,049 股扣除公司回购专用证券账户中股份 6,232,174 股为基数,股权登记日具体日期 将在权益分派实施公告中明确。 在实施权益分派的股权登记日前公司总股本发生变动的,拟维持每股 分配金额不变,相应调整分配总额,并将另行公告具体调整情况。 一、公司2023年度可供分配利润情况和利润分配方案 (一)可供分配利润情况 经天 ...
秦安股份:秦安股份2023年度独立董事履职报告(孟凡臣)
2024-03-11 12:44
重庆秦安机电股份有限公司 2023 年度独立董事履职报告 根据《公司法》、《上市公司治理准则》、《上市公司独立董事管理办法》等法 律法规以及《公司章程》的规定,本人孟凡臣作为重庆秦安机电股份有限公司(下 称"公司")的独立董事,切实履行忠实勤勉义务,客观行使独立董事权利,全 面关注公司发展,积极了解公司生产经营状况,认真审阅公司董事会议案资料, 按要求出席公司会议并对有关事项发表独立意见,切实维护公司和全体股东的共 同利益,全面履行独立董事职责。现就本人在 2023 年度的工作情况报告如下: 一、独立董事基本情况 孟凡臣,1963 年 4 月生,中国国籍,无境外永久居留权,企业管理博士,教 授。曾任中国矿业大学助教、讲师。现任北京理工大学管理与经济学院教授、深 圳北理莫斯科大学经济系中方主任、本公司独立董事。 二、独立董事年度履职概况 (一)董事会履行情况 2023 年,作为公司独立董事,本人对于董事会各项议案认真进行审核并独 立地行使表决权。对于公司经营管理、内部控制等领域发挥自身专业优势,提出 可行的建议,对于公司董事会决策起到促进作用。 2023 年度公司共召开董事会 10 次,本人均亲自出席,并认真审 ...
秦安股份:秦安股份第五届监事会第四次会议决议公告
2024-03-11 12:44
证券代码:603758 证券简称:秦安股份 公告编号:2024-019 重庆秦安机电股份有限公司 第五届监事会第四次会议决议公告 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法律责任。 一、 监事会会议召开情况 重庆秦安机电股份有限公司(以下简称"公司")第五届监事会第四次会议 于 2024 年 3 月 11 日以现场结合通讯的方式召开。本次监事会会议通知及议案已 于 2024 年 3 月 1 日发出。本次会议应当出席的监事人数 3 人,实际出席会议的 监事人数 3 人,会议由公司监事会主席刘加基先生召集并主持。会议的召集、召 开符合《中华人民共和国公司法》及有关法律、法规和《公司章程》的有关规定, 所作决议合法有效。 经审议,监事会认为:公司 2023 年年度报告的编制和审议程序符合法律、 法规、公司章程和公司内部管理制度的有关规定;公司 2023 年年度报告的内容 和格式符合中国证券监督管理委员会和上海证券交易所的有关规定,所包含的信 息不存在任何虚假记载、误导性陈述或者重大遗漏,能够真实地反映出公司 2023 年年度的经营状况和 ...