| 证券代码：605020 | 证券简称：永和股份 | 公告编号：2024-108 | | --- | --- | --- | | 债券代码：111007 | 债券简称：永和转债 | | 重要内容提示： 被担保人名称：邵武永和金塘新材料有限公司（以下简称"邵武永和"） 本次担保金额及已实际为其提供的担保余额：浙江永和制冷股份有限公 司（以下简称"公司"）本次合计为全资子公司邵武永和提供最高额为 10,000.00 万元的连带责任保证担保，截至本公告日，公司已实际为邵武永和提 供的担保余额为 45,364.13 万元。 本次担保是否有反担保：否 对外担保逾期的累计数量：公司及子公司均无逾期对外担保 一、担保情况概述 （一）担保基本情况 2024 年 11 月，公司与招商银行股份有限公司福州分行（以下简称"招商 银行"）签署了《最高额不可撤销担保书》，为邵武永和与招商银行签订的《授 信协议》提供连带责任保证担保，担保的最高债权额为 10,000.00 万元。本次担 保事项不存在反担保情况。 浙江永和制冷股份有限公司 关于为全资子公司提供担保的进展公告 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 ...

| 证券代码：605020 | 证券简称：永和股份 公告编号：2024-107 | | --- | --- | | 债券代码：111007 | 债券简称：永和转债 | 浙江永和制冷股份有限公司 关于公司 2021 年股票期权与限制性股票激励计划 预留授予限制性股票第二个限售期解除限售股份上市 流通的提示性公告 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： 本次股票上市类型为股权激励股份；股票认购方式为网下，上市股数为 258,061 股。 本次股票上市流通总数为 258,061 股。 本次股票上市流通日期为 2024 年 11 月 26 日。 浙江永和制冷股份有限公司（以下简称"公司"或"永和股份"）于 2024 年 10 月 29 日召开第四届董事会第十四次会议及第四届监事会第十一次会议，审议通过了《关 于公司2021年股票期权与限制性股票激励计划预留授予限制性股票第二个解除限售期 解除限售条件成就的议案》，同意对符合解除限售条件的限制性股票办理解除限售， 本次解除限售事项已经公司 2021 年第三次临 ...

| 证券代码：605020 | 证券简称：永和股份 | 公告编号：2024-106 | | --- | --- | --- | | 债券代码：111007 | 债券简称：永和转债 | | 浙江永和制冷股份有限公司 关于召开 2024 年第三季度业绩说明会的公告 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法律责任。 重要内容提示： （三）会议召开方式：上证路演中心网络互动 会议召开时间：2024 年 11 月 26 日（星期二）下午 16:00-17:00 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：上证路演中心网络互动 投资者可于 2024 年 11 月 19 日（星期二）至 11 月 25 日（星期一）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 yhzqsw@qhyh.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。 浙江永和制冷股份有限公司（以下简称" ...

Investment Rating - The report maintains a "Buy" rating for the company [2] Core Views - The company achieved a revenue of 3.379 billion yuan in the first three quarters of 2024, representing a year-on-year increase of 4.64%. However, the net profit attributable to shareholders decreased by 9.63% to 146 million yuan [3] - The increase in financial expenses and depreciation amortization has put pressure on the net profit for Q3 2024, which was 34 million yuan, down 35.07% year-on-year [3] - The company has a complete fluorochemical industry chain layout, with significant self-sufficiency in raw materials, which is expected to gradually release performance as new capacities come online [6] Summary by Sections Financial Performance - In Q3 2024, the company reported a revenue of 1.203 billion yuan, up 4.66% year-on-year and 3.37% quarter-on-quarter. The net profit for the quarter was 34 million yuan, down 35.07% year-on-year and 55.23% quarter-on-quarter [3] - For the first three quarters of 2024, the company’s gross profit was 567 million yuan, with total expenses of 377 million yuan, leading to a cash flow from operating activities of 269 million yuan, an increase of 17 million yuan year-on-year [3] Product Segments - The fluorocarbon chemical segment saw a production volume of 121,600 tons, down 20.48% year-on-year, while the sales volume was 74,800 tons, down 12.76%. Revenue from this segment was 1.728 billion yuan, a decrease of 1.15% [4] - The fluoropolymer materials segment experienced a production increase of 34.62% year-on-year, with sales up 55.97%, resulting in a revenue of 1.218 billion yuan, an increase of 24.21% [4] Future Outlook - The company’s revenue projections for 2024-2026 are 4.618 billion, 5.264 billion, and 6.001 billion yuan, respectively, with net profits expected to be 198 million, 364 million, and 552 million yuan [6][8] - The report anticipates that the company will benefit from the gradual release of performance as new capacities are successfully implemented [6]

%% %% 丨证券研究报告丨 公司研究丨点评报告丨永和股份（605020.SH） [Table_Title] Q3 业绩短期承压，后续制冷剂望景气持续上行 | --- | --- | |-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|-------| | | | | 报告要点 | | | [Table_Summ ...

| 证券代码：605020 | 证券简称：永和股份 | 公告编号：2024-105 | | --- | --- | --- | | 债券代码：111007 | 债券简称：永和转债 | | 浙江永和制冷股份有限公司 关于以集中竞价交易方式回购公司股份的进展公告 本次回购股份符合法律法规的规定及公司回购股份方案的要求。 三、其他事项 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。 | 回购方案首次披露日 | 2024/8/28 | | --- | --- | | 回购方案实施期限 | 待董事会审议通过后 12 个月 | | 预计回购金额 | 5,000 万元～10,000 万元 | | 回购用途 | □减少注册资本 √用于员工持股计划或股权激励 □用于转换公司可转债 | | | □为维护公司价值及股东权益 | | 累计已回购股数 | 万股 228.6780 | | 累计已回购股数占总股本比例 | 0.6013% | | 累计已回购金额 | 3,462.97 万元 | | 实际回购价格区间 | 14.74 元/股～16.48 元/股 ...

Investment Rating - The report maintains an "Outperform" rating for the company [2] Core Views - The company reported a slight miss in earnings expectations for Q3 2024, with revenue of 3.379 billion yuan (up 5% year-on-year) and a net profit of 146 million yuan (down 10% year-on-year) [2] - The average price of fluorocarbon chemicals continues to rise, with expectations for further price increases in Q4 2024 [2] - The company is focusing on extending its industrial chain towards high-value-added products, which is expected to drive future growth [2] Financial Performance Summary - For the first three quarters of 2024, the company achieved revenue of 3.379 billion yuan, a year-on-year increase of 5% [3] - The net profit for the same period was 146 million yuan, reflecting a year-on-year decrease of 10% [3] - The gross margin for Q3 2024 was 16.79%, an increase of 1.06 percentage points year-on-year [2] - The company expects to see a net profit of 203 million yuan in 2024, with projected earnings per share (EPS) of 0.53 yuan [3] Market Data - As of October 29, 2024, the company's closing price was 16.98 yuan, with a market capitalization of 6.42 billion yuan [4] - The company has a price-to-earnings (PE) ratio of 32x for 2024, which is expected to decrease to 10x by 2026 [3][4] Future Outlook - The company is expected to benefit from the optimization of the refrigerant industry and increased downstream demand, which may lead to a price rebound for refrigerants [2] - The company is also advancing its projects in fluoropolymer materials, with a total production capacity of 69,800 tons per year [2]

Revenue and Profit Performance - Revenue for the third quarter of 2024 was 1,202,754,664.22 RMB, an increase of 4.66% year-over-year[2] - Total operating revenue for the first three quarters of 2024 reached 3,378,729,174.79 RMB, a 4.6% increase compared to the same period in 2023[13] - Net profit attributable to shareholders of the listed company for the third quarter was 33,781,178.92 RMB, a decrease of 35.07% year-over-year[2] - Net profit attributable to parent company shareholders for the first three quarters of 2024 was 146,462,270.14 RMB, a 9.6% decrease compared to the same period in 2023[14] - The decrease in net profit was mainly attributed to increased financial expenses and depreciation and amortization costs[5] Earnings Per Share and Return on Equity - Basic earnings per share for the third quarter were 0.09 RMB, a decrease of 35.71% year-over-year[2] - Basic earnings per share for the first three quarters of 2024 were 0.39 RMB, down from 0.43 RMB in the same period of 2023[14] - Weighted average return on equity (ROE) for the third quarter was 1.23%, a decrease of 0.78 percentage points year-over-year[3] Assets and Liabilities - Total assets as of the end of the reporting period were 7,230,501,660.07 RMB, an increase of 7.22% compared to the end of the previous year[3] - Total assets increased to 7,230,501,660.07 yuan as of September 30, 2024, compared to 6,743,889,350.61 yuan at the end of 2023[10][12] - Current assets totaled 1,761,379,649.01 yuan, with a notable increase in monetary funds to 257,880,874.13 yuan from 218,883,778.99 yuan at the end of 2023[10] - Non-current assets grew to 5,469,122,011.06 yuan, driven by an increase in fixed assets to 2,836,092,339.31 yuan and construction in progress to 1,765,585,877.98 yuan[11] - Total liabilities rose to 4,492,668,347.51 yuan, with short-term borrowings increasing to 1,218,997,474.08 yuan from 944,487,649.91 yuan at the end of 2023[11][12] - Long-term borrowings increased to 952,572,141.63 yuan, up from 633,201,177.61 yuan at the end of 2023[12] Shareholders' Equity and Shareholding Structure - Equity attributable to shareholders of the listed company was 2,736,099,801.24 RMB, an increase of 3.61% compared to the end of the previous year[3] - Shareholders' equity reached 2,737,833,312.56 yuan, with retained earnings growing to 1,339,168,463.54 yuan from 1,250,035,989.38 yuan at the end of 2023[12] - The company's controlling shareholder, Tong Jianguo, holds 46.91% of the shares[7] - The top 10 shareholders collectively hold a significant portion of the company's shares, with no major changes in shareholding structure reported[7][8] Operating Costs and Expenses - Operating costs for the first three quarters of 2024 were 3,206,018,040.57 RMB, up 5.0% year-over-year[13] - R&D expenses for the first three quarters of 2024 were 75,457,821.99 RMB, a 19.1% increase compared to the same period in 2023[13] - Financial expenses for the first three quarters of 2024 were 57,689,085.27 RMB, a 110.5% increase compared to the same period in 2023[13] - Management expenses for the first three quarters of 2024 were 191,813,529.70 RMB, a 10.3% increase compared to the same period in 2023[13] - Taxes and surcharges for the first three quarters of 2024 were 17,368,545.69 RMB, a 16.6% increase compared to the same period in 2023[13] Cash Flow and Financial Activities - Cash flow from operating activities for the first three quarters of 2024 was 268,922,619.88 RMB, a 6.7% increase compared to the same period in 2023[16] - Cash received from sales of goods and services for the first three quarters of 2024 was 2,540,498,845.98 RMB, a 3.3% decrease compared to the same period in 2023[16] - Investment activities resulted in a net cash outflow of -697.37 million yuan, compared to -1,098.47 million yuan in the previous period[17] - Financing activities generated a net cash inflow of 481.10 million yuan, down from 794.00 million yuan in the previous period[17] - The company's cash and cash equivalents increased by 63.00 million yuan, reaching 209.07 million yuan at the end of the period[17] - Cash received from investments was 478,990.75 yuan, a decrease from 853,600.49 yuan in the previous period[17] - Cash paid for the acquisition of fixed assets, intangible assets, and other long-term assets amounted to 693.75 million yuan, down from 1,087.38 million yuan in the previous period[17] - Cash received from financing activities totaled 1,769.10 million yuan, an increase from 1,136.94 million yuan in the previous period[17] - Cash paid for debt repayment was 708.57 million yuan, significantly higher than the 235.83 million yuan in the previous period[17] - Cash paid for dividends, profits, or interest payments was 106.22 million yuan, slightly up from 102.68 million yuan in the previous period[17] - The impact of exchange rate changes on cash and cash equivalents was 10.35 million yuan, down from 11.97 million yuan in the previous period[17] - The company's initial cash and cash equivalents balance was 146.07 million yuan, decreasing from 172.78 million yuan in the previous period[17] Non-Recurring Items and Other Financial Metrics - Non-recurring gains and losses for the third quarter amounted to -1,241,780.39 RMB, primarily due to non-current asset disposal losses and government subsidies[4] - Accounts receivable decreased slightly to 352,773,154.22 yuan from 366,980,744.09 yuan at the end of 2023[10] - Inventory increased to 699,325,509.27 yuan, up from 677,768,155.48 yuan at the end of 2023[10] - Contract liabilities rose significantly to 124,139,832.19 yuan from 54,416,376.97 yuan at the end of 2023[11] - Intangible assets increased to 556,361,294.42 yuan, up from 364,655,274.90 yuan at the end of 2023[11]

北京市环球律师事务所上海分所 预留授予限制性股票第二个解除限售期解除限售条件 成就的 法律意见书 释义 在本法律意见书，除非另有说明，以下简称或用语具有如下含义： | 本所、本所律师 | 指 | 北京市环球律师事务所上海分所及其经办律师 | | --- | --- | --- | | | | 北京市环球律师事务所上海分所关于浙江永和制冷股份有 | | 本法律意见书 | 指 | 限公司 2021 年股票期权与限制性股票激励计划预留授予限 | | | | 制性股票第二个解除限售期解除限售条件成就的法律意见 | | | | 书 | | 公司、上市公司、 | 指 | 浙江永和制冷股份有限公司 | | 永和股份 | | | | 本激励计划 | 指 | 浙江永和制冷股份有限公司 2021 年股票期权与限制性股票 | | | | 激励计划 | | 《激励计划（草 | | 《浙江永和制冷股份有限公司 2021 年股票期权与限制性股 | | 案）》 | 指 | 票激励计划（草案）》 | | 股票期权 | 指 | 公司授予激励对象在未来一定期限内以预先确定的价格和 | | | | 条件购买本公司一定数量股票的权利 | | | | ...

| 证券代码：605020 | 证券简称：永和股份 公告编号：2024-098 | | --- | --- | | 债券代码：111007 | 债券简称：永和转债 | 浙江永和制冷股份有限公司 第四届董事会第十四次会议决议公告 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。 一、董事会会议召开情况 浙江永和制冷股份有限公司（以下简称"公司"）第四届董事会第十四次会议 于 2024 年 10 月 29 日（星期二）以现场结合通讯的方式召开。会议通知已于 2024 年 10 月 25 日以电子邮件方式送达各位董事、监事和高级管理人员。本次会议应 出席董事 9 人，实际出席董事 9 人。 会议由董事长童建国先生主持，公司监事及高级管理人员列席会议。本次会 议召集、召开符合有关法律法规、规章和《公司章程》的规定，会议合法有效。 二、董事会会议审议情况 （一）审议通过《关于公司 2024 年第三季度报告的议案》 根据《上市公司信息披露管理办法（2021 年修订）》《上海证券交易所股票 上市规则》《上海证券交易所上市公司自律监管指南第六号 ...