证券代码：603855 证券简称：华荣股份 公告编号：2025-013 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 | 1、出席会议的股东和代理人人数 | 259 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 194,923,531 | | 3、出席会议的股东所持有表决权股份数占公司有表决权股 | | | 份总数的比例（%） | 57.7501 | (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。 本次会议由董事长胡志荣先生主持，会议的召集、召开及表决方式符合《中 华人民共和国公司法》、《上海证券交易所股票上市规则》、《华荣科技股份有限公 司章程》（以下简称"《公司章程》"）及《华荣科技股份有限公司股东大会议事规 华荣科技股份有限公司 2024 年年度股东大会决议公告 (一) 股东大会召开的时间：2025 年 4 月 17 日 (二) 股东大会召开的地点：上海市嘉定区宝钱公路 555 号 A 栋 4 楼会议室 (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： 本公司董事会及全体董事保证本公告内容不 ...

证券代码：603855 证券简称：华荣股份 公告编号：2025-012 华荣科技股份有限公司 会 议 召 开 地 点 ： 上 海 证 券 交 易 所 上 证 路 演 中 心 （ 网址： https://roadshow.sseinfo.com/） 会议召开方式：上证路演中心视频直播和网络互动 投资者可于 2025 年 04 月 11 日 （星期五） 至 04 月 17 日（星期四） 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 hrzhd@warom.com 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。 华荣科技股份有限公司（以下简称"公司"）已于 2025 年 3 月 28 日发布公 司 2024 年度报告，为便于广大投资者更全面深入地了解公司 2024 年度经营成 果、财务状况，公司计划于 2025 年 04 月 18 日 （星期五） 15:00-16:30 举行 2024 年度业绩说明会，就投资者关心的问题进行交流。 一、 说明会类型 二、 说明会召开的时间、地点 （一） 会议召开时间：2025 年 04 月 18 日 （星期五） 15:00-16:30 关 ...

Core Viewpoint - The company reported a revenue increase of 24.01% year-on-year for 2024, reaching 3.964 billion yuan, while net profit saw a slight increase of 0.26% to 462 million yuan, indicating stable financial performance despite challenges in traditional markets [2]. Group 1: Financial Performance - In 2024, the company achieved operating revenue of 3.964 billion yuan, a year-on-year increase of 24.01% [2]. - The net profit attributable to shareholders was 462 million yuan, reflecting a year-on-year growth of 0.26% [2]. - The non-recurring net profit was 448 million yuan, showing a decline of 0.98% year-on-year [2]. - The company proposed a cash dividend of 10 yuan per 10 shares (including tax) [2]. Group 2: Business Segment Performance - The core business segment of explosion-proof electrical appliances generated revenue of 2.506 billion yuan, a decrease of 3.5% year-on-year, primarily due to reduced capital expenditure in the domestic traditional oil and gas sector [3]. - The safety intelligent system within the explosion-proof electrical segment achieved revenue of 362 million yuan, growing over 72% year-on-year, with significant demand in hazardous chemical parks [3]. - The military and nuclear power sectors generated revenue of 135 million yuan, up over 21% year-on-year [3]. - The marine engineering segment reported revenue of 168 million yuan, an increase of 19% year-on-year [3]. - The foreign trade segment of explosion-proof electrical appliances reached a record high of 944 million yuan, growing 35% year-on-year, benefiting from proactive overseas operations [3]. - The professional lighting segment achieved revenue of 279 million yuan, a growth of 3.6% year-on-year, facing pressures from shrinking downstream demand and intensified competition [3]. - The new energy segment saw a remarkable revenue increase of 314.7%, contributing significantly to overall revenue growth [3]. Group 3: Market Expansion Strategies - The company is actively expanding its overseas market presence, with strong demand in international markets, particularly outside North America [4]. - A subsidiary in Saudi Arabia commenced operations in September 2024, focusing on local service provision for major clients like Saudi Aramco [4]. - The company is progressing in Europe, Southeast Asia, and Central Asia, while also planning to establish international operations in Africa and South America [4]. - Domestically, the company is focusing on the Xinjiang coal chemical sector, with significant investment planned from 2025 to 2028, which is expected to drive demand for explosion-proof equipment [4].

Core Viewpoint - The company reported a revenue increase of 24.01% year-on-year for 2024, reaching 3.964 billion yuan, while net profit saw a modest rise of 0.26% to 462 million yuan, indicating a mixed performance amid a challenging domestic oil and gas market [1] Group 1: Financial Performance - The company achieved a revenue of 3.964 billion yuan in 2024, up 24.01% year-on-year [1] - The net profit attributable to shareholders was 462 million yuan, reflecting a 0.26% increase year-on-year [1] - The non-recurring net profit was 448 million yuan, showing a decline of 0.98% year-on-year [1] - A cash dividend of 10 yuan per 10 shares (tax included) is proposed [1] Group 2: Business Segment Performance - The core business segment of explosion-proof electrical equipment generated revenue of 2.506 billion yuan, down 3.5% year-on-year due to reduced capital expenditure in the domestic oil and gas sector [1] - The revenue from the safety intelligent system within the explosion-proof electrical segment reached 362 million yuan, growing over 72% year-on-year [1] - The military and nuclear power segment achieved revenue of 135 million yuan, up over 21% year-on-year [1] - The marine engineering segment reported revenue of 168 million yuan, a 19% increase year-on-year [1] - The foreign trade segment of explosion-proof electrical equipment reached 944 million yuan, a 35% increase year-on-year, marking a historical high [2] Group 3: Market Expansion and Strategy - The company is actively expanding its overseas market presence, with significant demand for explosion-proof electrical products internationally [3] - The Saudi subsidiary commenced operations in September 2024, focusing on localizing services for major clients like Saudi Aramco [3] - The company is also targeting the Xinjiang coal chemical sector domestically, with planned investments in coal-to-oil and coal-to-gas projects amounting to nearly 1 trillion yuan from 2025 to 2028 [3] - The anticipated investment in explosion-proof equipment in Xinjiang is approximately 700 billion yuan, which is expected to stimulate market demand [3] Group 4: Future Outlook - The company has adjusted its net profit forecasts for 2025-2026 to 524 million yuan and 606 million yuan, respectively, with a new forecast for 2027 at 686 million yuan [4] - The earnings per share (EPS) estimates for 2025-2027 are projected at 1.55, 1.80, and 2.03 yuan, respectively [4] - The company maintains a "buy" rating due to its leadership in the global explosion-proof electrical market and strong dividend yield potential [4]

Investment Rating - The report maintains a "Buy" rating for the company, indicating a strong potential for investment returns exceeding the market benchmark by over 15% in the next 6-12 months [4][6][11]. Core Insights - The company reported a revenue of 3.964 billion yuan in 2024, a year-on-year increase of 24.01%, and a net profit attributable to shareholders of 462 million yuan, a slight increase of 0.26% [1][4]. - The traditional oil and gas market in China is experiencing weak demand, but the company has made significant progress in emerging markets, particularly in the explosion-proof electrical equipment sector [2][3]. - The company is actively expanding its international market presence and focusing on the coal chemical industry in Xinjiang, which is expected to drive future demand for explosion-proof equipment [3][4]. Summary by Sections Financial Performance - In 2024, the company achieved a revenue of 3.964 billion yuan, with a growth rate of 24.01%. The net profit was 462 million yuan, reflecting a growth of 0.26% [1][5]. - The explosion-proof electrical equipment segment generated 2.506 billion yuan in revenue, a decrease of 3.5% year-on-year, while the new energy segment saw a remarkable growth of 314.7%, contributing significantly to overall revenue growth [2][5]. Market Expansion - The company is enhancing its overseas market development, with notable performance in regions outside North America. The Saudi subsidiary commenced operations in September 2024, aiming to provide localized services to major clients [3]. - Domestically, the company is focusing on the Xinjiang coal chemical sector, with projected investments of nearly 1 trillion yuan from 2025 to 2028, which is expected to boost demand for its products [3]. Profit Forecast and Valuation - The profit forecasts for 2025 and 2026 have been adjusted to 524 million yuan and 606 million yuan, respectively, with an additional forecast for 2027 at 686 million yuan. The corresponding EPS for 2025-2027 is projected to be 1.55, 1.80, and 2.03 yuan [4][5]. - The company is recognized as a global leader in explosion-proof electrical equipment, with a stable operation and significant growth potential in emerging markets and overseas expansion [4].

Investment Rating - The report maintains a "Buy" rating for the company, indicating a positive outlook for its stock performance in the coming months [4]. Core Insights - The company achieved a revenue of 3.964 billion yuan in 2024, representing a year-on-year increase of 24.01%. The net profit attributable to shareholders was 462 million yuan, a slight increase of 0.26% year-on-year. The gross margin was 46.73%, down by 7.46 percentage points compared to the previous year [1][2]. - The traditional oil and gas petrochemical sector faced challenges, while the safety engineering systems, emerging industries, foreign trade, and new energy sectors drove growth. Increased credit impairment losses impacted overall performance [2]. - The company is actively advancing its safety engineering intelligent systems business, which is expected to boost domestic trade. Revenue from this segment grew by 72% year-on-year, and the company expanded from 8 to 12 subsystems [3]. - The foreign trade segment showed significant growth, with a revenue increase of 35% year-on-year. The establishment of international operation centers in Italy, Malaysia, and Kazakhstan contributed to over 300 million yuan in orders [3]. Financial Summary - In 2024, the company reported a revenue of 3,964 million yuan, with a projected revenue growth of 10.73% in 2025, reaching 4,390 million yuan. The net profit is expected to grow to 531 million yuan in 2025, reflecting a 14.95% increase [10]. - The earnings per share (EPS) for 2024 is projected at 1.37 yuan, with a forecasted increase to 1.57 yuan in 2025. The price-to-earnings (P/E) ratio is expected to decrease from 14.81 in 2024 to 13.35 in 2025 [10]. - The gross margin is anticipated to improve slightly to 47.4% in 2025, while the net profit margin is expected to reach 12.1% [10].

Group 1: US Tariff Plans and Market Reactions - President Trump plans to announce new tariffs in the coming days, indicating a willingness to negotiate tariff agreements with other countries, but any agreements will likely occur after the tariffs take effect on April 2 [1] - The US stock market saw significant declines, with the Nasdaq dropping 2.7%, the S&P 500 down 1.97%, and the Dow Jones falling 1.69% [1][4] Group 2: Technology Sector Performance - Major tech stocks experienced declines, with Netflix, Google, Amazon, and Meta falling over 4%, while Tesla, Microsoft, and Intel dropped over 3% [2] - The Nasdaq Golden Dragon China Index fell by 3.11%, with popular Chinese stocks like Baidu and NIO dropping over 5% [2] Group 3: IPO Market Developments - Wolfspeed's stock plummeted approximately 52%, marking the worst single-day performance for an IPO in the US [3] - CoreWeave's IPO closed flat at $40 on its first day of trading [3] Group 4: Commodity Market Trends - COMEX gold futures for June rose by 0.59% to $3116.6, marking a weekly increase of 2.26% [4] - WTI crude oil futures for May fell by 0.8% to $69.36 per barrel, with a weekly increase of 1.58% [4] Group 5: Regulatory and Taxation News - The Trump administration is unexpectedly considering higher taxes on the wealthy, which could provide room for other priority issues [6] - The EU plans to impose mild penalties on Apple and Meta under its digital market regulations, potentially leading to fines amounting to billions of dollars [8] Group 6: Market Movements and Trends - The six major state-owned banks in China reported a total net profit of approximately 1.4 trillion yuan for 2024, averaging about 38 billion yuan per day [17] - The Chinese central bank stated that current financial risks are overall controllable, with the financial system's resilience expected to improve as the macro economy recovers [20]

证券代码：603855 证券简称：华荣股份 公告编号：2025-011 大股东及董事高管持股的基本情况 1、截至本公告披露日，华荣科技股份有限公司（以下简称"公司"或"华 荣股份"）董事、总经理李江先生持有公司股份 11,350,000 股，占公司总股份的 比例为 3.36%。 2、截至本公告披露日，公司大股东、董事李妙华先生持有公司股份 21,533,000 股，占公司总股份的比例为 6.38%。 3、截至本公告披露日，公司董事、副总经理林献忠先生持有公司股份 11,606,000 股，占公司总股份的比例为 3.44%。 减持计划的主要内容 1、公司于 2025 年 3 月 27 日收到股东李江先生的告知函，根据个人资金需 求，李江先生拟自本公告发布之日起 15 个交易日之后的 3 个月时间内通过大宗 交易或集中竞价方式减持其持有的公司无限售流通股份不超过 200 万股（占本人 所持股份的 17.62%，占公司总股份的比例为 0.59%），减持价格依据市场价格确 定。 2、公司于 2025 年 3 月 27 日收到股东李妙华先生的告知函，根据个人资金 需求，李妙华先生拟自本公告发布之日起 15 个交易日之后 ...

Core Insights - Huaron Co., Ltd. (603855.SH) released its 2024 annual report on March 28, 2025, indicating that 22 institutional investors disclosed holdings in Huaron's A-shares, totaling 35.982 million shares, which represents 10.66% of the total share capital [1] - The top ten institutional investors collectively hold 10.37% of the shares, with a decrease of 0.36 percentage points compared to the previous quarter [1] Institutional Holdings - Three public funds reduced their holdings compared to the previous quarter, including Invesco Great Wall Energy Infrastructure Mixed A, Invesco Great Wall Hong Kong-Shanghai-Deep Selected Stock A, and GF Theme Leading Mixed A, with a total reduction of 0.27% [2] - Two new public funds disclosed their holdings this period, namely Mingya Value Evergreen A and Ping An CSI 2000 Enhanced Strategy ETF [2] - Eleven public funds were not disclosed this period, including Invesco Great Wall Dynamic Balance Mixed, Pengyang Hongli Preferred Mixed A, GF Xinyuan Return Mixed A, Pengyang Jingpu One-Year Holding Mixed A, and Pengyang Jingrui Three-Year Holding Mixed A [2]

Group 1 - The company achieved a revenue of 3.964 billion yuan in 2024, representing a year-on-year growth of 24%, while the net profit attributable to shareholders was 462 million yuan, a slight increase of 0.3% [1] - The traditional domestic trade sector faced challenges due to reduced capital expenditures in the refining sector, leading to fewer new projects from downstream clients. Future investments in Xinjiang's coal chemical project are expected to stimulate demand in the explosion-proof electrical market [1] - The foreign trade business saw a significant revenue increase to 944 million yuan in 2024, with a growth rate accelerating from 12% in 2023 to 35% [1] Group 2 - The company's intelligent safety system business generated revenue of 362 million yuan, marking a year-on-year growth of approximately 72%, with a compound annual growth rate (CAGR) of 56.73% from 2020 to 2024 [2] - The company is collaborating with a robotics manufacturer to develop industrial execution robots, aiming to enhance the competitive advantage of its intelligent safety system solutions and accelerate its transformation towards intelligent services [2]