证券代码：605060 证券简称：联德股份 | 投资者关系活动主要内容 | 【Q&A】 | | --- | --- | | 介绍 | 1.请问下公司四季度业绩下滑的原因？ | | | 答:投资者您好，由于公司采用成本加成的定价机 | | | 制，受到前期原材料回落的影响，公司产品价格也有 | | | 所回落。谢谢！ | | | 2.公司在高精度机械装备领域的研发能力和技术优 | | | 势体现在哪些方面？ | | | 答:投资者您好，公司主要为客户提供跨行业、多品 | | | 种、小批量的设备零部件定制服务，公司技术与产品 | | | 始终处于行业领先地位，同时参与下游全球顶尖客户 | | | 的产品研发设计，与客户协同成长。谢谢！ | | | 3.领导您好，公司在技术创新方面取得了哪些具体 | | | 成果？是否有与国内外知名高校或研究机构合作开发 | | | 的成功案例？ | | 答:投资者您好，截至 | 2023 | 年 | 12 | 月 | 31 | 日止，公司 | | --- | --- | --- | --- | --- | --- | --- | | 及境内子公司共获得已授权专利 | 221 | ...

联德股份 2023 年年度股东大会会议资料 证券简称：联德股份 证券代码：605060 杭州联德精密机械股份有限公司 2023 年年度股东大会会议资料 2024 年 4 月 | 2023 | 年年度股东大会会议须知 3 | | --- | --- | | 2023 | 年年度股东大会议程 4 | | 2023 | 年年度股东大会议案 6 | | 关于 | 2023 年度董事会工作报告的议案 6 | | 关于 | 2023 年度监事会工作报告的议案 13 | | 关于 | 2023 年度独立董事述职报告的议案 18 | | 关于 | 2023 年度财务决算报告的议案 19 | | 关于 | 2023 年年度报告及其摘要的议案 26 | | 关于 | 2023 年度利润分配方案的议案 27 | | | 关于续聘会计师事务所的议案 28 | | | 关于董事、监事及高级管理人员薪酬方案的议案 29 | 联德股份 2023 年年度股东大会会议资料 2023 年年度股东大会会议须知 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， 杭州联德精密机械股份有限公司（以下简称"公司"）根据《公司法》、中国 ...

中信证券股份有限公司 关于杭州联德精密机械股份有限公司 首次公开发行股票并上市持续督导保荐总结报告书 | | | 一、发行人基本情况 | 情况 | | | 内容 | | | --- | --- | --- | --- | --- | | 发行人名称 | | 杭州联德精密机械股份有限公司（以下简称"联德股份""公司"） | | | | 发行人英文名称 | Allied Machinery Co., Ltd. | | | | | 证券代码 | 605060.SH | | | | | 注册资本 | 241,256,000 元 | | | | | 注册地址 | 浙江省杭州经济技术开发区 18 | 号大街 | 77 | 号 | | 办公地址 | 浙江省杭州经济技术开发区 18 | 号大街 | 77 | 号 | | 法定代表人 | 孙袁 | | | | | 实际控制人 | 孙袁 | | | | | 办公地址邮政编码 | 310018 | | | | | 电话 | 0571-28939800 | | | | | 公司网址 | https://www.allied-machinery.com | | | | | 电子邮箱 | ...

中信证券股份有限公司 关于杭州联德精密机械股份有限公司 2023年持续督导年度报告书 | 上市公司：杭州联德精密机械股份有限公司（以下简称"联德股份"、"公司"） | | | --- | --- | | 保荐人名称：中信证券股份有限公司（以下简称"中信证券"或"保荐人"） | | | 保荐代表人姓名：孙琦 2389 | 联系电话：021-2026 | | 保荐代表人姓名：孔磊 2203 | 联系电话：021-2026 | 根据《证券发行上市保荐业务管理办法》、《上海证券交易所上市公司自律 监管指引第 11 号——持续督导》等相关法规和规范性文件的要求，中信证券履 行持续督导职责，自前次提交 2022 年度持续督导报告书至本持续督导报告书出 具日，中信证券对联德股份的持续督导工作情况总结如下： 一、持续督导工作概述 1、保荐人制定了持续督导工作制度，制定了相应的工作计划，明确了现场 检查的工作要求。 2、保荐人已与公司签订保荐协议，该协议已明确了双方在持续督导期间的 权利义务，并报上海证券交易所备案。 3、本持续督导期间，保荐人通过与公司的日常沟通、现场回访等方式开展 持续督导工作，并于 2024 年 3 月 ...

中信证券股份有限公司 关于杭州联德精密机械股份有限公司 2023 年度持续督导工作现场检查报告 根据《上海证券交易所上市公司自律监管指引第 11 号——持续督导》等有 关法律、法规的规定，中信证券股份有限公司（以下简称"中信证券"或"保荐 人"）作为正在对杭州联德精密机械股份有限公司（以下简称"联德股份""公司" "上市公司"）进行持续督导工作的保荐人，对 2023 年度（以下简称"本持续督 导期间"）的规范运作情况进行了现场检查，现就现场检查的有关情况报告如下： 一、本次现场检查的基本情况 （一）保荐人 中信证券股份有限公司 （二）保荐代表人 孙琦、孔磊 （三）现场检查人员 1 详见"二、本次现场检查主要事项及意见"。 孔磊、朱志昊 （四）现场检查时间 2024 年 3 月 13 日-2024 年 3 月 15 日 （五）现场检查内容 现场检查人员对本持续督导期内发行人公司治理和内部控制情况、信息披露 情况、公司的独立性以及与控股股东、实际控制人及其他关联方资金往来情况、 募集资金使用情况、关联交易、对外担保、重大对外投资情况、经营状况等方面 进行了现场检查，具体检查内容详见本报告"二、本次现场检查主要事项 ...

中信证券股份有限公司 1 关于杭州联德精密机械股份有限公司2023年持续督导工作现场 检查结果及提请公司注意事项 （本页无正文，为《中信证券股份有限公司关于杭州联德精密机械股份有限 公司 2023 年持续督导工作现场检查结果及提请公司注意事项》之盖章页） 杭州联德精密机械股份有限公司： 保荐人：中信证券股份有限公司 年 月 日 中信证券股份有限公司（以下简称"本保荐人"）作为对贵公司进行持续督 导的保荐人，按照《上海证券交易所上市公司自律监管指引第 11 号——持续督 导》的有关要求，对贵公司认真履行了持续督导职责。 基于 2023 年度现场检查，本保荐人提请贵公司关注以下事项：建议公司继 续严格按照《公司法》、《证券法》、《上海证券交易所股票上市规则》等法律法规 的要求，不断完善公司治理结构，及时履行信息披露义务，合规合理使用募集资 金，有序推进募投项目的建设及实施，确保募投项目完成并实现预期收益。 附件：《中信证券股份有限公司关于杭州联德精密机械股份有限公司 2023 年度持续督导工作现场检查报告》 ...

证券代码：605060 证券简称：联德股份 杭州联德精密机械股份有限公司 投资者关系活动记录表 编号：2024-001 投资者关系活动类别 ☑特定对象调研 □分析师会议 □媒体采访 □业绩说明会 □新闻发布会 □路演活动 □现场参观 ☑电话会议 □其他 参与单位名称及人员姓名 中信证券、广发证券、国投证券、兴业证券、财通证 券、海通证券、银河证券、华福证券、东方证券、国 信证券、方正证券、江海证券、中邮证券、甬兴证 ...

Investment Rating - The report maintains a "Buy" rating for the company, with a target price of 24.85 CNY per share, indicating an expected performance that exceeds the market by more than 10% over the next 12 months [3][16]. Core Insights - The company's performance in 2023 was slightly below expectations, with a revenue of 1.211 billion CNY, a year-on-year increase of 8.09%, and a net profit attributable to shareholders of 251 million CNY, a year-on-year increase of 1.45%. The fourth quarter saw a revenue of 283 million CNY, down 6.97% year-on-year, and a net profit of 47 million CNY, down 30.47% year-on-year [1][7]. - Subsidiaries have caused some drag on overall performance, with the annual gross margin at 37.37%, up 0.90 percentage points year-on-year, and a net profit margin of 20.59%, down 1.34 percentage points year-on-year. Losses from subsidiaries, such as Zhejiang Mingde and Liyuan Jinhai, amounted to 5.39 million CNY and 17.31 million CNY respectively [1][7]. - The company is expected to see significant contributions from new capacity in 2024, with successful completion of projects aimed at increasing production capacity and efficiency, including a new resin sand casting production line and ongoing construction of high-precision mechanical component production facilities [1][7]. - Profit forecasts suggest net profits for 2024-2026 will be 300 million CNY, 379 million CNY, and 477 million CNY respectively, with corresponding EPS of 1.24 CNY, 1.57 CNY, and 1.98 CNY per share. The company is projected to enter a rapid growth phase due to capital expenditures and acquisitions [1][7]. Financial Summary - For 2023, the company reported a revenue of 1.211 billion CNY, with a growth rate of 8.1%. Projections for 2024 indicate a revenue increase to 1.507 billion CNY, representing a growth rate of 24.4% [7]. - The EBITDA for 2023 was 371 million CNY, with forecasts of 438 million CNY for 2024, indicating a growth trajectory [7]. - The company's net profit for 2023 was 251 million CNY, with expected growth to 300 million CNY in 2024, reflecting a growth rate of 19.3% [7]. - The report highlights a projected PE ratio of 20 times for 2024, suggesting a valuation of 24.85 CNY per share based on comparable company analysis [1][7].

Investment Rating - The report maintains a "Buy - A" rating for the company with a 6-month target price of 20.48 CNY, while the current stock price is 17.06 CNY [18][21]. Core Views - The company is expected to maintain stable profitability in 2024, driven by the reduction of losses in subsidiaries and the efficiency improvements from ongoing projects [17][21]. - The company has shown resilience in its gross margin, which stood at 37.37% in 2023, reflecting a slight increase of 0.9 percentage points year-on-year [17]. - Revenue for 2023 was reported at 1.2113 billion CNY, representing an 8.09% increase year-on-year, while net profit reached 251.3 million CNY, up 1.45% [16][17]. Financial Performance Summary - Revenue and Profit Forecasts: - 2023 revenue: 1.2113 billion CNY, 2024 forecast: 1.5215 billion CNY, 2025 forecast: 1.8516 billion CNY, 2026 forecast: 2.2668 billion CNY [22]. - Net profit for 2023: 251.3 million CNY, 2024 forecast: 308.4 million CNY, 2025 forecast: 380.6 million CNY, 2026 forecast: 481.9 million CNY [22]. - Profitability Ratios: - Gross margin: 37.37% in 2023, net margin: 20.59% [17]. - Earnings per share (EPS) for 2023: 1.04 CNY, with forecasts of 1.28 CNY for 2024 and 1.58 CNY for 2025 [22]. - Valuation Metrics: - Price-to-earnings (PE) ratio forecasted at 13.7 for 2024, 11.1 for 2025, and 8.8 for 2026 [22]. Capacity Expansion and Market Strategy - The company is actively expanding its production capacity, with significant projects underway, including a new facility in Mexico aimed at producing precision components [21]. - The company has established a solid foundation for long-term growth, focusing on new markets and customer segments [5][21].

Financial Performance - The company's operating revenue for 2023 reached ¥1,211,295,248.76, representing an increase of 8.09% compared to ¥1,120,618,592.51 in 2022[25]. - Net profit attributable to shareholders was ¥251,336,257.26, a year-on-year increase of 1.45% from ¥247,743,977.95 in 2022[25]. - The net cash flow from operating activities surged by 72.24% to ¥325,205,035.15, primarily due to improved collection of accounts receivable[26]. - Basic earnings per share increased to ¥1.05, reflecting a growth of 1.94% from ¥1.03 in the previous year[26]. - Total assets at the end of 2023 were ¥2,675,178,264.45, a slight increase of 1.57% from ¥2,633,861,922.57 at the end of 2022[25]. - The net assets attributable to shareholders rose to ¥2,244,318,389.69, marking an 8.83% increase from ¥2,062,219,134.05 in 2022[25]. - The company reported a total of ¥10,237,885.58 in government subsidies closely related to its normal business operations for 2023[30]. - The company experienced a decrease in non-recurring gains, totaling ¥13,170,124.71 for 2023, compared to ¥16,329,157.20 in 2022[30]. Governance and Compliance - The company reported a standard unqualified audit opinion from Tianjian Accounting Firm, ensuring the accuracy and completeness of the financial report[5]. - There are no non-operating fund occupations by controlling shareholders or related parties, ensuring financial integrity[8]. - The company has not faced any violations in decision-making procedures regarding external guarantees, indicating strong compliance[8]. - The company has maintained a stable management team with no changes in shareholding among directors and supervisors[103]. - The company has established a comprehensive corporate governance structure, including a board of directors, supervisory board, and various specialized committees to ensure effective decision-making and oversight[98]. - The company adheres to strict information disclosure practices, ensuring transparency and equal access to information for all shareholders[100]. - The company has implemented rigorous insider information management protocols to prevent insider trading and protect minority shareholders' rights[101]. Strategic Initiatives - The company is preparing to establish a factory in Mexico to enhance global supply chain capabilities and deepen cooperation with downstream customers[43]. - The company is focusing on technological innovation and has formed advantages in technology teams, innovation, and production processes to maintain industry leadership[38]. - The company is actively expanding its market presence by leveraging its strong brand image and exploring new business areas to create new profit growth points[41]. - The company aims to enhance its competitive edge by focusing on technological innovation and reducing production costs, with a strategic goal of becoming a leading enterprise in the industry[91]. - The company plans to optimize its product structure and expand into new business areas while maintaining its focus on compressor components[92]. Environmental Responsibility - The company invested RMB 5.4458 million in environmental protection during the reporting period[142]. - The company’s subsidiary, Liyuan Jinhai, reported emissions of casting waste gas at a concentration of 5.0-5.9 mg/m3, well below the standard of 30 mg/m3[143]. - The company has implemented a rooftop distributed photovoltaic power generation project, expected to reduce standard coal by 855.91 tons and carbon dioxide emissions by 1,255.04 tons annually[154]. - In 2023, the company achieved a reduction of 3,013.79 tons in carbon emissions through various carbon reduction measures, including the use of clean energy[153]. - The company received the ISO14001:2015 environmental management system certification in 2022 and 2023, enhancing its commitment to environmental responsibility[152]. Risk Management - The company has outlined potential risks in its management discussion and analysis section, advising investors to be aware of these risks[8]. - The company faces risks from raw material price fluctuations, trade tensions, and exchange rate volatility, which could impact its operational performance[95]. Shareholder Relations - The company plans to distribute a cash dividend of RMB 3.5 per 10 shares, totaling approximately RMB 83,984,075, subject to shareholder approval[6]. - The company has ensured that minority shareholders had sufficient opportunities to express their opinions and protect their legal rights[132]. - The company is committed to enhancing investor relations and maintaining open communication channels with investors to keep them informed about its operational developments[100]. Research and Development - Research and development expenses amounted to 63 million RMB, representing a year-on-year increase of 10.37%[60]. - The number of R&D personnel is 197, accounting for 10.82% of the total workforce[75]. - The company has obtained a total of 221 authorized patents, including 43 invention patents and 176 utility model patents, showcasing its strong R&D capabilities[55]. Operational Efficiency - The company has an annual casting capacity of 70,000 tons and operates 10 CNC machining workshops with 133 large processing centers, indicating significant operational scale advantages[59]. - The company emphasizes product quality control, maintaining a robust quality management system compliant with ISO standards[57]. - The company employs a customized production model based on customer orders, ensuring high efficiency and product quality[51]. Financial Management - The company reported a cash management balance of 30,000,000 RMB as of March 29, 2023, with a maximum balance of 13,000,000 RMB during the period[185]. - The company raised 93,540,000 CNY through its initial public offering, with a total of 86,122,950 CNY utilized by the end of the reporting period, representing 82.89% of the total raised funds[178]. - The company has committed to invest a total of 57,556,000 CNY in the high-precision mechanical component production project, with 26,710,000 CNY invested in the current year[179].