| 证券代码：603809 | 证券简称：豪能股份 | 公告编号：2024-059 | | --- | --- | --- | | 转债代码：113662 | 转债简称：豪能转债 | | 成都豪能科技股份有限公司 向不特定对象发行可转换公司债券发行结果公告 保荐人（主承销商）：招商证券股份有限公司 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： 成都豪能科技股份有限公司（以下简称"发行人"或"公司"）向不特定对 象发行可转换公司债券（以下简称"可转债"）已获得中国证券监督管理委员会 证监许可[2024]374 号文核准。招商证券股份有限公司（以下简称"主承销商"或 "保荐人（主承销商）"）为本次发行的保荐人（主承销商）。本次发行的可转债 简称为"豪 24 转债"，债券代码为"113690"。 | 类别 | 认购数量（手） | 放弃认购数量（手） | | | --- | --- | --- | --- | | 原股东 | 445,272 | | 0 | | 网上社会公众投资者 | 102,218 | | 2,51 ...

Investment Rating - The investment rating for the company is "Buy" (maintained) [3][5]. Core Insights - The company reported a revenue of 1.688 billion yuan for the first three quarters of 2024, representing a year-on-year growth of 26.57%, and a net profit attributable to shareholders of 243 million yuan, which is a year-on-year increase of 62.64% [3]. - In Q3 2024, the company achieved a net profit of 81 million yuan, with a year-on-year increase of 34.51% and a quarter-on-quarter decrease of 1.11% [4]. - The gross margin for Q3 2024 was 34.60%, which is an increase of 4.86 percentage points year-on-year and 2.58 percentage points quarter-on-quarter [4]. - The company is expanding its transmission system business, focusing on differential products, which are crucial for the electric vehicle sector, and is also investing in projects for motor shafts, stators, rotors, and planetary gear reducers [4]. - The company has increased its investment in Luzhou Haoneng to accelerate the construction of differential production capacity, with a planned annual output of 10 million sets of differential assemblies [4]. Summary by Sections Financial Performance - For Q3 2024, the company reported a revenue of 552 million yuan, a year-on-year increase of 8.38% and a quarter-on-quarter decrease of 6.42% [4]. - The projected net profits for 2024-2026 are 299 million yuan, 372 million yuan, and 448 million yuan, representing year-on-year growth rates of 64.39%, 24.27%, and 20.52% respectively [5]. Business Development - The company is focusing on the electric vehicle market, with significant investments in differential products and related components [4]. - The investment in the motor shaft project amounts to 550 million yuan, with a production capacity of 2 million units per year [4]. Valuation Metrics - The projected price-to-earnings (PE) ratios for 2024, 2025, and 2026 are 17.07X, 13.74X, and 11.40X respectively [5].

Investment Rating - The report maintains a "Strong Buy" rating for the company, with a target price range of 11.1 to 14.8 yuan, indicating a potential upside of 26% to 68% from the current price of 8.78 yuan [1][2]. Core Insights - The company's Q3 2024 net profit met expectations, showing a high growth rate with a year-on-year increase of 63% [1]. - Revenue for the first three quarters reached 1.69 billion yuan, up 27% year-on-year, while the net profit attributable to the parent company was 243 million yuan, reflecting a 63% increase [1][2]. - The report highlights that the company has overcome operational lows this year, with steady progress in new product development and significant growth expected from the differential gear business [2]. Financial Summary - Q3 2024 revenue was 550 million yuan, a year-on-year increase of 8.4% but a quarter-on-quarter decrease of 6.4% [2]. - The net profit for Q3 2024 was 81 million yuan, up 35% year-on-year and down 1.1% quarter-on-quarter, with a net profit margin of 14.7%, an increase of 2.8 percentage points year-on-year [2]. - The gross margin improved to 34.6%, up 4.9 percentage points year-on-year, driven by the growth in the Luzhou Haoneng differential gear business and fluctuations in military business settlements [2][3]. Growth Drivers - The differential gear business is expected to see significant profit release this year, with projected incremental revenue of over 200 million yuan, turning from loss to profit [2]. - The company aims to become a leading supplier of automotive transmission systems in the medium to long term, with plans to launch new products such as hollow motor shafts and precision planetary reducers [2]. - The aerospace business is expanding its product lines, with expectations for growth driven by new orders in civil aviation [2]. Financial Projections - The company forecasts net profits of 360 million yuan, 429 million yuan, and 527 million yuan for 2024, 2025, and 2026, respectively, with year-on-year growth rates of 97.7%, 19.3%, and 22.9% [3][2]. - The projected price-to-earnings (PE) ratios for 2024, 2025, and 2026 are 14, 12, and 10 times, respectively [2].

| 证券代码：603809 | 证券简称：豪能股份 公告编号：2024-058 | | --- | --- | | 转债代码：113662 | 转债简称：豪能转债 | 成都豪能科技股份有限公司 第六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 成都豪能科技股份有限公司（以下简称"公司"）第六届监事会第四次会议于 2024 年 10 月 24 日以现场表决的方式在公司会议室召开。会议通知于 2024 年 10 月 19 日以短信及电子邮件的方式向全体监事发出。会议应出席监事 3 名，实际出席监事 3 名。会议由监事会主席罗勇先生主持。会议的召开符合《中华人民共和国公司法》 和《公司章程》的规定。 二、监事会会议审议情况 特此公告。 成都豪能科技股份有限公司监事会 2024 年 10 月 25 日 审议通过《2024 年第三季度报告》 监事会对公司编制的《2024 年第三季度报告》提出如下审核意见： 公司《2024 年第三季度报告》的编制和审议程序符合法律法规、《公司章程》和 ...

| 证券代码：603809 | 证券简称：豪能股份 | 公告编号：2024-057 | | --- | --- | --- | | 转债代码：113662 | 转债简称：豪能转债 | | 成都豪能科技股份有限公司 向不特定对象发行可转换公司债券 网上中签结果公告 保荐人（主承销商）：招商证券股份有限公司 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。 根据《成都豪能科技股份有限公司向不特定对象发行可转换公司债券发行 公告》，成都豪能科技股份有限公司及本次发行的保荐人（主承销商）招商证 券股份有限公司于 2024 年 10 月 24 日（T+1 日）主持了成都豪能科技股份有限 公司向不特定对象发行可转换公司债券（以下简称"豪 24 转债"）网上发行中 签摇号仪式。摇号仪式按照公开、公平、公正的原则在有关单位代表的监督下 进行，摇号结果经上海市东方公证处公证。 现将中签结果公告如下： 特此公告。 发行人：成都豪能科技股份有限公司 保荐人（主承销商）：招商证券股份有限公司 2024 年 10 月 25 日 2 债券网上中签结果公 ...

| 证券代码：603809 | 证券简称：豪能股份 | 公告编号：2024-056 | | --- | --- | --- | | 转债代码：113662 | 转债简称：豪能转债 | | 成都豪能科技股份有限公司 向不特定对象发行可转换公司债券 网上中签率及优先配售结果公告 保荐人（主承销商）：招商证券股份有限公司 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： | 类别 | 中签率/配 售比例 | 有效申购数量 （手） | 实际配售数 量（手） | 实际获配金 额（元） | | --- | --- | --- | --- | --- | | | （%） | | | | | 原股东 | 100 | 445,272 | 445,272 | 445,272,000 | | 网上社会公众投资 者 | 0.00131908 | 7,939,453,932 | 104,728 | 104,728,000 | | 网下机构投资者 | - | - | - | - | | 合计 | | 7,939,899,204 | 550, ...

Investment Rating - The report assigns an investment rating of AA-/AA- to the company and its convertible bond issuance [7][8]. Core Insights - The company is strategically positioned in the "automotive + aerospace" dual industry, focusing on the development and manufacturing of automotive transmission system components and high-end precision manufacturing for aerospace parts [11][18]. - The company has shown strong financial performance, with a 37.81% year-on-year increase in revenue and an 81.71% increase in net profit for the first half of 2024 [19][20]. - The issuance of the convertible bond is aimed at raising funds for key projects, including the construction of a production base for key components of new energy vehicles [9][10]. Summary by Sections Convertible Bond Analysis - The issuance scale of the convertible bond is 1.05 billion yuan, with a maturity of 6 years and a conversion price of 8.43 yuan per share [7][8]. - The bond features a high compensation rate of 10.9% and market-oriented adjustment clauses [7][8]. - The estimated conversion premium on the first day of listing is around 29%, with a corresponding price range of 122.55 to 135.45 yuan [7]. Company Overview - The company is primarily engaged in the research, production, and sales of automotive transmission system components and high-end precision manufacturing for aerospace parts [11][18]. - As of June 30, 2024, the company is controlled by a group of shareholders, with the largest shareholder holding 18.15% of the shares [11]. - The company has a strong market presence in the domestic automotive parts sector, with over 30% market share in the synchronizer market [18]. Industry Analysis - The automotive parts industry is crucial for the development of the automotive manufacturing sector, with increasing demand driven by rising income levels and the growth of new energy vehicles [15][16]. - The aerospace industry is characterized by stable competition, with a growing market expected to expand due to technological advancements and increased government investment [17][18]. Financial Analysis - For the first half of 2024, the company achieved a revenue of 1.136 billion yuan, with a significant increase in sales from key products such as synchronizers and differential assemblies [19][20]. - The company's financial ratios indicate a strong liquidity position, with a current ratio of 1.03 and a quick ratio of 0.62 [24]. - The company has maintained a stable expense ratio, with a focus on increasing R&D investment to enhance competitive advantage [22][23]. Valuation Performance - As of October 21, 2024, the company's price-to-earnings ratio (PE) is 19.49, which is below the industry average, indicating potential for valuation growth [28][29]. - The company's return on equity (ROE) stands at 6.97%, higher than the industry average, reflecting effective management of shareholder equity [28].

| 证券代码：603809 | 证券简称：豪能股份 | 公告编号：2024-055 | | --- | --- | --- | | 转债代码：113662 | 转债简称：豪能转债 | | 成都豪能科技股份有限公司 向不特定对象发行可转换公司债券发行提示性公告 保荐人（主承销商）：招商证券股份有限公司 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。 特别提示 成都豪能科技股份有限公司（以下简称"发行人"、"公司"或"豪能股 份"）向不特定对象发行 55,000 万元可转换公司债券（以下简称"豪 24 转债"， 代码"113690"）已获得中国证券监督管理委员会（以下简称"中国证监会"） 证监许可〔2024〕374号文同意注册。招商证券股份有限公司（以下简称"招商 证券"、"保荐人（主承销商）"）为本次发行的保荐人（主承销商）。本次 发行的募集说明书摘要及发行公告已刊登在 2024年 10月 21日（T-2日）的《证 券日报》。投资者亦可在上海证券交易所网站（http://www.sse.com.cn）查询募 集说明书全文及本 ...

向不特定对象发行可转换公司债券网上路演公告 保荐人（主承销商）：招商证券股份有限公司 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。 成都豪能科技股份有限公司（以下简称"发行人"或"豪能股份"）向不特 定对象发行可转换公司债券（以下简称"本次发行"）已获得中国证券监督管理 委员会证监许可〔2024〕374 号文同意注册。 本次发行的可转换公司债券将向发行人原股东优先配售，原股东优先配售后 余额部分（含原股东放弃优先配售部分）采用网上通过上海证券交易所交易系统 向社会公众投资者发售的方式进行。本次发行的募集说明书摘要及发行公告将刊 登于 2024 年 10 月 21 日的《证券日报》。募集说明书全文及相关资料可在上海 证券交易所网站（www.sse.com.cn）查询。 | 证券代码：603809 | 证券简称：豪能股份 | 公告编号：2024-050 | | --- | --- | --- | | 转债代码：113662 | 转债简称：豪能转债 | | 成都豪能科技股份有限公司 2024 年 10 月 21 日 2 券网上路演 ...

股票代码：603809 股票简称：豪能股份 成都豪能科技股份有限公司 Chengdu Haoneng Technology Co., Ltd. 2023 年向不特定对象发行 可转换公司债券 募集说明书摘要 （发行人住所：四川省成都经济技术开发区南二路288号） 保荐机构（主承销商） 二零二四年十月 成都豪能科技股份有限公司 可转换公司债券募集说明书摘要 声 明 本公司全体董事、监事、高级管理人员承诺募集说明书及其摘要不存在任何 虚假记载、误导性陈述或重大遗漏，并保证所披露信息的真实、准确、完整。 公司负责人、主管会计工作负责人及会计机构负责人（会计主管人员）保证 募集说明书及其摘要中财务会计报告真实、完整。 证券监督管理机构及其他政府部门对本次发行所作的任何决定，均不表明其 对发行人所发行证券的价值或者投资人的收益作出实质性判断或者保证。任何与 之相反的声明均属虚假不实陈述。 根据《证券法》的规定，证券依法发行后，发行人经营与收益的变化，由发 行人自行负责，由此变化引致的投资风险，由投资者自行负责。 本募集说明书摘要的目的仅为向公众提供有关本次发行的简要情况。投资者 在做出认购决定之前，应仔细阅读募集说明书全 ...