Core Viewpoint - The company is preparing for its 2024 Annual General Meeting, focusing on governance, financial performance, and strategic initiatives for growth and development in the engineering consulting sector. Group 1: Meeting Procedures and Agenda - The 2024 Annual General Meeting will be held on April 11, 2025, at 14:00 in Xiamen, with the chairman presiding over the meeting [4][5]. - The agenda includes the presentation of the independent director's annual report, shareholder inquiries, and voting on various proposals [4][5][6]. Group 2: Financial Performance - In 2024, the company achieved a total revenue of 660.90 million yuan, a 67.49% increase from the previous year, driven by growth in construction services [27][28]. - The net profit attributable to shareholders was 95.61 million yuan, reflecting a 45.03% year-on-year increase [27][28]. - The company reported a significant increase in cash flow from operating activities, totaling 470.65 million yuan, up 5.69% from the previous year [27][28]. Group 3: Business Operations and Strategy - The company is focusing on enhancing its engineering consulting and construction services, leveraging digital platforms for operational efficiency [13][14]. - It has successfully expanded its market presence in key regions such as the Greater Bay Area and Southeast Asia, with new projects in Serbia and Thailand [14][15]. - The company aims to strengthen its competitive advantage through technology integration and collaboration with major stakeholders [19][20]. Group 4: Governance and Compliance - The board of directors has adhered to legal and regulatory requirements, ensuring transparency and accountability in its operations [22][23]. - The supervisory board has conducted regular meetings to oversee the company's compliance with laws and regulations, maintaining a high level of governance [22][23][24]. - The company has implemented a robust internal control system, which has been positively evaluated by the supervisory board [22][23][24].

建发合诚工程咨询股份有限公司 二○二四年年度股东会会议资料 二○二五年四月 二○二四年年度股东会会议资料 二○二四年年度股东会会议资料 建发合诚工程咨询股份有限公司 二○二四年年度股东会现场会议须知 为维护广大投资者的合法权益，确保本次股东会顺利召开，根据《公司法》、《公司 章程》及《股东会议事规则》等有关规定，特制定本次股东会会议须知，望全体参会人 员遵守执行： 一、 股东会召开过程中，参会股东及股东代表应当以维护全体股东的合法权益、 确保会议正常秩序和议事效率为原则，认真履行法定职责。 二○二四年年度股东会会议资料目录 | 序号 | 内 容 | 页码 | | --- | --- | --- | | 一 | 二○二四年年度股东会现场会议须知 | 2 | | 二 | 二○二四年年度股东会会议议程 | 3 | | 三 | 二○二四年年度股东会表决办法 | 4 | | 四 | 二○二四年年度股东会议案 | - | | 非累积投票议案 | | | | 1 | 关于 2024 年年度报告及摘要的议案 | 7 | | 2 | 关于 2024 年度董事会工作报告的议案 | 8 | | 3 | 关于 2024 年度监事会工 ...

证券代码：603909 证券简称：建发合诚 公告编号：2025-015 建发合诚工程咨询股份有限公司关于 2024 年度业绩暨现金分红说明会召开情况的公告 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。 建发合诚工程咨询股份有限公司（以下简称"建发合诚"或"公司"）2024 年度业绩暨现金分红说明会于 2025 年 3 月 28 日下午 14:00-15:00 通过上海证券 交易所上证路演中心（网址：http://roadshow.sseinfo.com）以网络互动的方式召 开。公司已于 2025 年 3 月 22 日在指定信息披露媒体刊登了《建发合诚关于召开 2024 年度业绩暨现金分红说明会的公告》（公告编号：2025-014）。现将说明会召 开情况公告如下： 一、 本次说明会召开情况 2025 年 3 月 28 日，公司总经理黄和宾先生、独立董事林朝南先生、董事会 秘书高玮琳女士、财务总监刘晓玲女士出席了本次说明会。公司与投资者进行了 互动交流和沟通，在信息披露允许的范围内就投资者普遍关注的问题进行了回答。 二、 本次会 ...

建发合诚(603909)：施工业务高增 分红持续提升 事件：建发合诚发布2024 年报。2024 年，公司实现营收66.09 亿/同比+67.49%，实现归母净利润 0.96 亿/同比+45.03%。2024Q4，公司实现营收18.99 亿元/同比-0.93%，实现归母净利润0.32 亿/同 比-11.39%。 近3 年持续分红水平持续提升，重视股东回报。2024 年，公司计划向全体股东每10 股派发现金红 利1.2 元（含税），合计拟派发现金红利3128.08万元（含税），现金分红比例为32.72%。最近三个会计 年度，建发合诚累计现金分红金额为6416.58 万元，现金分红比例分别为21.22%/31.63%/32.72%，公司 持续重视股东回报，分红水平持续提升。 投资建议：公司聚焦交通、市政等土木工程领域，为客户提供综合性、跨阶段、一体化的工程技术 服务，近年公司建筑施工业务订单量显著提升，预计将在未来带来相对稳健的收益变现。综合预计 2025-2027 年归母净利润1.01/1.14/1.29 亿元，对应23x/21x/18xPE，给予"推荐"评级。 风险提示：订单不及预期、回款不及预期、项目进度不 ...

Group 1 - The report highlights the recent performance of the CSI 300 and ChiNext indices, showing a decline of 32% and 16% respectively over the past year [2] - The top-performing sectors yesterday included non-ferrous metals, home appliances, and banks, with respective gains of 1.14%, 0.95%, and 0.88% [2] - Conversely, the worst-performing sectors included computers, real estate, and defense, with declines of 1.92%, 1.77%, and 1.68% [2] Group 2 - The fixed income analysis indicates that high real interest rates are not a sufficient condition for interest rate cuts, emphasizing that current monetary policy is already supportive of the real economy [8][10] - The report discusses the efficiency of monetary policy transmission in China, stating that changes in policy rates directly influence lending rates without the need for intermediary market adjustments [11] - It is noted that the actual interest rate is more of an academic concept with limited impact on the real economy, as evidenced by the U.S. experiences during past crises [12] Group 3 - The automotive sector is witnessing significant advancements in autonomous driving technology, with multiple companies announcing progress towards Level 3 capabilities expected to be achieved by 2025 [20][21] - BYD has made notable announcements regarding its charging infrastructure and vehicle sales, indicating strong market activity and consumer interest [19] - The report emphasizes the importance of the automotive industry's transition to higher levels of automation and the competitive landscape among various manufacturers [20] Group 4 - The service consumption sector is experiencing robust growth, with travel bookings for the Qingming Festival showing positive trends, and companies like Tongcheng reporting significant revenue increases [26] - The education sector is also highlighted, with companies like Excellence Education Group and Thinking乐 reporting impressive revenue and profit growth, indicating a strong market recovery [27] - The report notes that the average per capita service consumption expenditure in China is expected to exceed 50% by 2030, reflecting a growing trend in service-oriented spending [27] Group 5 - In the chemical industry, the report indicates a continued upward trend in organic silicon prices, driven by strong manufacturer pricing intentions and potential supply shortages [32] - The urea market is also showing signs of recovery, with prices slightly increasing due to various market dynamics, including reduced inventories and seasonal demand [33] - The report recommends several companies in the chemical sector, including 合盛硅业 and 兴发集团, as potential investment opportunities [35] Group 6 - The media sector is focusing on AI applications and gaming, with significant developments in virtual reality films expected to enhance audience engagement and revenue generation [42] - The report highlights the approval of numerous new games, indicating a healthy pipeline for the gaming industry, which is expected to contribute positively to revenue growth [41] - Companies like Tencent and NetEase are recommended for their strong positions in the gaming market and ongoing innovations in AI technology [40]

建发合诚 20250324 摘要 Q&A 请介绍一下建发合诚 2024 年的整体年报情况。 2024 年，建发合诚在工程咨询和工程施工方面取得了显著进展。公司全年实现 营收 66.09 亿元，同比增长 68%；归母净利润 0.96 亿元，同比增长 45%；经营 活动产生的现金流净额为 4.7 亿元，同比增长 5.69%。公司董事会提议每 10 股 派发现金红利 1.2 元，占当年归母净利润的 31.72%。 在业务分布上，工程咨 询收入为 6.79 亿元，同比有所减少，但新签合同金额达到 9.95 亿元，保持了 一定增量。工程施工收入为 59.26 亿元，同比增长 83%，但新签合同金额较去 年同期有所下滑，仅完成了 45.75%。 • 建发合诚 2024 年营收稳健增长，净利润同比增长 5.69%，现金流状况良好， 董事会提议每 10 股派发现金红利 1.2 元，占当年归母净利润的 31.72%。 • 工程施工收入同比增长 83%，但新签合同金额同比下滑，仅完成 45.75%， 需关注未来业绩增长压力。工程咨询收入有所减少，但新签合同金额保持 一定增量。 • 公司实施区域聚焦策略，巩固福建、辽宁、浙江等市场 ...

Investment Rating - The investment rating for the company is "Buy" (maintained) [1] Core Views - The company has experienced significant year-on-year growth in revenue and net profit, primarily driven by a substantial increase in construction business, although the rising proportion of this segment has diluted the gross margin [5][6] - The overall business performance remains stable, and the company is expected to continue benefiting from synergies with its controlling shareholder, which may drive sustained revenue growth [5] Financial Performance Summary - In 2024, the company achieved total operating revenue of 6.609 billion yuan, representing a year-on-year increase of 67.49% - The net profit attributable to the parent company was 0.96 billion yuan, up 45.03% year-on-year, while the net profit excluding non-recurring items was 0.90 billion yuan, reflecting a 42.06% increase [6] - The gross margin was reported at 5.95%, with a net margin of 1.86%, showing declines of 2.19 percentage points and 0.17 percentage points respectively, mainly due to the lower margin of the construction business [6] - As of the end of 2024, the net cash flow from operating activities was 0.471 billion yuan, an increase of 5.69% year-on-year [6] Business Segment Performance - The construction business generated revenue of 5.698 billion yuan in 2024, a 90.51% increase, accounting for 86.21% of total revenue - The design consulting business saw revenue of 0.402 billion yuan, a decrease of 2.57%, contributing 6.08% to total revenue - The reinforcement business reported revenue of 0.211 billion yuan, a slight increase of 0.56%, making up 3.20% of total revenue - Despite a slowdown in industry growth, the engineering consulting segment maintained growth, with new contracts signed amounting to 0.995 billion yuan, a 0.4% increase year-on-year [7] Financial Forecasts - The company forecasts net profits attributable to the parent company for 2025, 2026, and 2027 to be 1.1 billion yuan, 1.3 billion yuan, and 1.3 billion yuan respectively, with corresponding EPS of 0.4 yuan, 0.5 yuan, and 0.5 yuan - The current stock price corresponds to P/E ratios of 23.3, 19.5, and 19.4 for the years 2025, 2026, and 2027 respectively [5][8]

Investment Rating - The report maintains a "Buy" rating for the company, indicating an expected price increase of over 15% in the next 6-12 months [4][12]. Core Insights - The company reported a revenue of 6.609 billion RMB for 2024, representing a year-on-year increase of 67.49%, and a net profit attributable to shareholders of 0.96 billion RMB, up 45.03% year-on-year [1]. - The construction business has significantly contributed to the sustained high growth in performance since its initiation in 2022, with construction revenue reaching 5.926 billion RMB, a year-on-year increase of 83.12% [2]. - New contract signings for 2024 totaled 5.57 billion RMB, a decrease of 62.7% year-on-year, with engineering consulting contracts slightly increasing while construction contracts were adversely affected by the real estate sector [2]. - The company improved its cash flow, with a net operating cash flow of 4.71 billion RMB, up 5.69% year-on-year, and total cash collections reaching 6.155 billion RMB, an increase of 78% [3]. - The report forecasts net profits for 2025-2027 to be 1.29 billion RMB, 1.29 billion RMB, and 1.61 billion RMB, with respective growth rates of 34.9%, 0.3%, and 24.5% [4]. Summary by Sections Financial Performance - Revenue for 2024 is projected at 6.609 billion RMB, with a growth rate of 67.5% [7]. - Net profit for 2024 is expected to be 0.96 billion RMB, reflecting a growth rate of 45% [7]. - The diluted earnings per share for 2024 is estimated at 0.37 RMB [7]. Future Projections - Revenue projections for 2025 and 2026 are 8.675 billion RMB and 6.95 billion RMB, respectively, with growth rates of 31.3% and -19.9% [7]. - The company anticipates a return on equity (ROE) of 11.2% in 2025, increasing to 12.2% by 2027 [7]. Market Sentiment - The report indicates a consistent "Buy" sentiment in the market, with multiple recent recommendations supporting this view [11].

RSM 容诚 审计报告 建发合诚工程咨询股份有限公司 容诚审字|2025|361Z0062 号 容诚会计师事务所(特殊普通合伙) 中国 北京 您可使用手机"扫一扫"或进入"注册会计师行业统一监管平台（http://acc.mof.gov.cn） 报告编码:京250CN 录 | 序号 | 内 容 | 页码 | | --- | --- | --- | | 1 | 审计报告 | | | 2 | 合并资产负债表 | 1 | | 3 | 合并利润表 | 2 | | 4 | 合并现金流量表 | 3 | | 5 | 合并所有者权益变动表 | 4 | | 6 | 母公司资产负债表 | 5 | | 7 | 母公司利润表 | 6 | | 8 | 母公司现金流量表 | 7 | | 9 | 母公司所有者权益变动表 | 8 | | 10 | 财务报表附注 | 9 - 154 | 审计报告 容诚审字[2025]36 建发合诚工程咨询股份有限公司全体股东: 一、审计意见 我们审计了建发合诚工程咨询股份有限公司(以下简称建发合诚公司)财务 报表,包括2024年12月31日的合并及母公司资产负债表,2024年度的合并及母 公司利润表、合并及母 ...

【RSM 容 诚 内部控制审计报告 建发合诚工程咨询股份有限公司 容诚审字[2025]361Z0063 号 "诚会计师! 容诚会计师事务所(特殊普通合伙) 中国 北京 您可使用手机"扫一扫"或进入"注册用于证明该审计报告是否由具有执业许可的会计师事务所出具， 您可使用手机"扫一扫"或进入"注册会计师行业统一监管平台（http://acc.or.cn）"进行变 内部控制审计报告 容诚审字[2025]361Z0063 号 建发合诚工程咨询股份有限公司全体股东; 按照《企业内部控制审计指引》及中国注册会计师执业准则的相关要求,我 们审计了建发合诚工程咨询股份有限公司(以下简称"建发合诚公司")2024年12 月 31 日的财务报告内部控制的有效性。 一、企业对内部控制的责任 按照《企业内部控制基本规范》、《企业内部控制应用指引》、《企业内部 控制评价指引》的规定,建立健全和有效实施内部控制,并评价其有效性是建发 合诚公司董事会的责任。 (此页无正文,为建发合诚工程咨询股份有限公司容诚审字[2025]361Z0063 号内部控制审计报告之签字盖章页。) 中国注册会计师: 层本少康发图母 李什谦 35020002017 ...