最新一期业绩显示，2024年三季报，公司实现营业收入19.89亿元，同比18.82%；净利润9678.92万元， 同比58.81%，销售毛利率27.91%。 序号股票简称PE(TTM)PE(静)市净率总市值(元)35咸亨国际38.7253.083.2951.30亿行业平均 70.2172.184.3743.26亿行业中值45.5549.743.0631.12亿1先锋电子-276.76294.072.7422.41亿2莱赛激 光-163.92-163.924.0114.30亿3恒合股份-144.21-144.215.2413.98亿4禾信仪器-126.95-126.9515.1958.39亿5 东方中科-125.42-89.621.8776.24亿6宏英智能-71.40-226.592.2821.85亿7安控科技-35.84-20.537.0041.01亿8 碧兴物联-34.87-34.871.2213.44亿9禾川科技-33.95-33.953.8153.38亿10万讯自控-29.84-29.842.0022.01亿11 秦川物联-21.56-21.562.4513.91亿 来源：金融界 4月16日，咸亨国际 ...

Core Insights - Xianheng International's stock closed at 12.64 yuan, down 9.97%, with a rolling PE ratio of 39.15 times and a total market value of 5.187 billion yuan [1] - The average PE ratio in the instrument and meter industry is 66.29 times, with a median of 40.42 times, placing Xianheng International at 42nd in the industry ranking [1] - As of September 30, 2024, the number of shareholders for Xianheng International is 16,474, a decrease of 391 from the previous count, with an average holding value of 352,800 yuan and an average holding quantity of 27,600 shares [1] Company Overview - Xianheng International Technology Co., Ltd. is a centralized supplier of MRO products such as tools and instruments, engaged in the research, development, production, sales, and related technical services of these products [1] - The company primarily serves the electric power industry and is also involved in the railway and urban rail transit sectors [1] - Its product offerings include hand tools, electromechanical tools, electrical equipment, identification labels, emergency equipment, and instruments for power grid testing and electrical measurement [1] - The company provides specialized services such as electrical equipment information collection, health status evaluation, maintenance of tools and instruments, and emergency safety culture dissemination [1] - After over a decade of development, the company has established a leading position in marketing service networks, product supply, and technical services within the industry [1] Financial Performance - In the latest quarterly report for Q3 2024, the company achieved operating revenue of 1.989 billion yuan, a year-on-year increase of 18.82% [2] - The net profit for the same period was 96.7892 million yuan, reflecting a year-on-year growth of 58.81% [2] - The sales gross margin stands at 27.91% [2]

Core Viewpoint - As of April 7, 2025, Xianheng International (605056) closed at 12.64 yuan, down 9.97%, indicating a significant decline in stock performance and a notable turnover rate of 0.95% [1] Financial Performance - For the third quarter of 2024, Xianheng International reported a main revenue of 1.989 billion yuan, an increase of 18.82% year-on-year, and a net profit attributable to shareholders of 96.79 million yuan, up 58.81% year-on-year [2] - The company's gross profit margin stands at 27.91%, which is lower than the industry average of 42.73% [2] - The net profit margin is 5.03%, compared to the industry average of 8.81% [2] Market Position - Xianheng International's total market capitalization is 5.187 billion yuan, ranking 16th in the instrument and meter industry, which has an average market cap of 3.895 billion yuan [2] - The company has a price-to-earnings ratio (P/E) of 40.19, significantly higher than the industry average of 18.91, indicating a potentially overvalued stock [2] - The return on equity (ROE) is 6.09%, which is above the industry average of 4.76%, suggesting effective management of equity [2] Capital Flow - On April 7, 2025, the net inflow of main funds was 4.619 million yuan, accounting for 9.36% of the total transaction amount, while retail investors saw a net inflow of 388,900 yuan, representing 0.79% of the total [1] - Over the past five days, the stock has experienced fluctuations in capital flow, with notable net outflows from retail investors on several days [1]

Core Insights - The company, Xianheng International, closed at 14.02 yuan on April 1, with a 1.23% increase, resulting in a rolling PE ratio of 43.43 times and a total market value of 5.753 billion yuan [1] - The average PE ratio in the instrument and meter industry is 81.91 times, with a median of 51.54 times, placing Xianheng International at the 40th position in the industry ranking [1] - As of the Q3 2024 report, 80 institutions hold shares in Xianheng International, with a total of 17.969 million shares valued at 224 million yuan [1] Company Overview - Xianheng International Technology Co., Ltd. is a centralized supplier of MRO products such as tools and instruments, engaged in the research, production, sales, and related technical services of these products [1] - The company's primary business serves the electric power industry, with involvement in railways and urban rail transit, offering products including hand tools, electromechanical tools, electrical equipment, and emergency equipment [1] - The company also provides services such as electrical equipment information collection, health status evaluation, maintenance of tools and instruments, and emergency safety culture dissemination, maintaining a leading position in marketing services, product supply, and technical services within the industry [1] Financial Performance - In the latest Q3 2024 report, the company achieved an operating income of 1.989 billion yuan, representing a year-on-year increase of 18.82%, and a net profit of 96.7892 million yuan, up 58.81% year-on-year, with a gross sales margin of 27.91% [2] - The PE ratio (TTM) for Xianheng International is 43.43, while the static PE is 59.53, and the price-to-book ratio is 3.69 [2] - The total market value of Xianheng International is reported at 5.753 billion yuan, compared to the industry average market value of 4.619 billion yuan [2]

北京市中伦（上海）律师事务所 关于咸亨国际科技股份有限公司 2025 年第一次临时股东大会的 法律意见书 二〇二五年二月 法律意见书 北京市中伦（上海）律师事务所 关于咸亨国际科技股份有限公司 2025 年第一次临时股东大会的 法律意见书 致：咸亨国际科技股份有限公司（以下简称"公司"） 北京市中伦（上海）律师事务所（以下简称"本所"）接受公司的委托，指 派律师出席并见证公司2025年第一次临时股东大会（以下简称"本次会议"）。 本所律师根据《中华人民共和国公司法》（以下简称"《公司法》"）、《中 华人民共和国证券法》（以下简称"《证券法》"）、《上市公司股东大会规则》 （以下简称"《股东大会规则》"）、《律师事务所从事证券法律业务管理办法》 （以下简称"《证券法律业务管理办法》"）、《律师事务所证券法律业务执业 规则（试行）》（以下简称"《证券法律业务执业规则》"）等相关法律、行政 法规、规章、规范性文件及《咸亨国际科技股份有限公司章程》（以下简称"《公 司章程》"）的规定，就本次会议的召集与召开程序、召集人资格、出席会议人 员资格、会议表决程序及表决结果等事宜，出具本法律意见书。 4．本法律意见书仅供公司 ...

本次会议由公司董事会召集，由董事长王来兴先生主持会议。全体董事出席 了会议，全体高级管理人员列席了本次会议。本次会议的召集、召开、表决符合 《公司法》及《公司章程》的规定。北京市中伦（上海）律师事务所见证了本次 股东大会并出具了法律意见书。 证券代码：605056 证券简称：咸亨国际 公告编号：2025-006 咸亨国际科技股份有限公司 2025 年第一次临时股东大会决议公告 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。 重要内容提示： (一) 股东大会召开的时间：2025 年 2 月 10 日 (二) 股东大会召开的地点：浙江省杭州市拱墅区星璜巷 101 号咸亨科技大厦 (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 | 119 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 280,606,607 | | 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 | | | ...

Investment Rating - The investment rating for the company is "Accumulate-A" [1][8] Core Views - The company is expected to achieve a significant improvement in net profit for 2024, with projections ranging from 180 million to 240 million yuan, representing a year-on-year increase of 86.25% to 148.34% [3][4] - The growth in profit is primarily attributed to successful expansion into new sectors, leading to substantial revenue growth [4] - The company has been actively pursuing opportunities in strategic industries such as oil and gas, power generation, and has seen positive results from these efforts [4][5] - The MRO (Maintenance, Repair, and Operations) market in China is transitioning from traditional procurement to centralized procurement, which presents growth opportunities for the company [7] Summary by Sections Market Performance - The company reported a basic earnings per share (EPS) of 0.24 yuan for 2024, with a net asset return rate of 6.30% [2] - The company's stock closed at 13.53 yuan, with a market capitalization of 55.52 billion yuan [2] Financial Forecast - Revenue is projected to grow from 2.93 billion yuan in 2023 to 3.48 billion yuan in 2024, reflecting a year-on-year growth of 18.7% [10] - Net profit is expected to rebound significantly in 2024, with estimates of 203 million yuan, a 110.1% increase from 2023 [10] - The gross profit margin is forecasted to decline slightly to 29.5% in 2024, while the net profit margin is expected to improve to 5.8% [10] Industry Outlook - The investment in the power grid is expected to accelerate, with the total investment projected to exceed 600 billion yuan in 2024, marking a historical high [5] - The global digital multimeter market is anticipated to grow from 847 million USD in 2019 to 1.047 billion USD by 2024, indicating a favorable market environment for the company's products [5] Strategic Initiatives - The company is focusing on enhancing its operational efficiency and profitability through various measures, including digital investments and channel development [4][7] - The management is committed to improving the quality and efficiency of operations, which has led to a decrease in expense ratios and an increase in revenue per employee [4]

咸亨国际科技股份有限公司 2025 年第一次临时股东大会会议资料 证券代码：605056 公司简称：咸亨国际 咸亨国际科技股份有限公司 2025 年第一次临时股东大会 会议资料 2025 年 2 月 10 日 1 | 2025 | 年第一次临时股东大会会议须知 | 3 | | --- | --- | --- | | 2025 | 年第一次临时股东大会会议议程 | 4 | | 2025 | 年第一次临时股东大会会议议案 6 | | | | 议案一《关于修订<公司章程>并办理工商变更登记的议案》 7 | | 为维护广大投资者的合法权益，保障股东在本次股东大会期间依法行使权利， 根据《公司法》《上市公司股东大会规则》和《公司章程》等有关规定，特制定 本会议须知： 一、公司负责本次股东大会的议程安排和会务工作，出席会议人员应当听从 公司工作人员安排，共同维护好会议秩序。 咸亨国际科技股份有限公司 2025 年第一次临时股东大会会议资料 2025 年第一次临时股东大会会议须知 二、为保证股东大会的正常秩序，除出席会议的股东或者股东代理人、董事、 监事、董事会秘书、其他高级管理人员、见证律师、本次会议议程有关人员及会 务 ...

Core Viewpoint - The company, Xianheng International, expects a significant increase in net profit for the fiscal year 2024, projecting a net profit attributable to shareholders of between 180 million to 240 million yuan, representing a year-on-year increase of 83.36 million to 143.36 million yuan, or a growth of 86.25% to 148.34% [1] Group 1 - The company has been focusing on the power grid sector, ensuring a stable performance while also expanding into key strategic industries such as oil and petrochemicals, and power generation [1]

Financial Performance Forecast - The company expects a net profit attributable to shareholders for 2024 to be between 180 million and 240 million yuan, an increase of 83.36 million to 143.36 million yuan compared to the previous year, representing a year-on-year growth of 86.25% to 148.34%[3] - The net profit attributable to shareholders after deducting non-recurring gains and losses is also expected to be between 180 million and 240 million yuan, an increase of 12.85 million to 72.85 million yuan compared to the previous year, reflecting a year-on-year increase of 7.69% to 43.58%[3] - The previous year's net profit attributable to shareholders was 96.64 million yuan, with a total profit of 146.19 million yuan[5] - The performance forecast is based on preliminary calculations by the company's finance department and has not yet been audited by a registered accountant[8] - There are no significant uncertainties affecting the accuracy of this performance forecast[8] - Investors are advised to make cautious decisions as the financial data will be finalized in the official 2024 annual report[9] - The performance forecast period is from January 1, 2024, to December 31, 2024[4] Strategic Investments and Challenges - The company has made significant investments in digitalization, channel development, personnel deployment, and product research and development to expand into new industry sectors, particularly in energy and military industries[7] - The company has experienced a delay in the redemption of certain trust products purchased in 2023, which has impacted its financial performance[7] Operational Efficiency - The management is focused on improving quality and efficiency, resulting in year-on-year growth in revenue and effectiveness per employee[7]