目 录 一、非经营性资金占用及其他关联资金往来情况的专项 审计说明…………………………………………………………第 1—2 页 二、非经营性资金占用及其他关联资金往来情况汇总表…………第 3—3 页 非经营性资金占用及其他关联资金往来情况的 专项审计说明 天健审〔2025〕6219 号 杭州联德精密机械股份有限公司全体股东： 我们接受委托，审计了杭州联德精密机械股份有限公司（以下简称联德股份 公司）2024 年度财务报表，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、合并及母公司现金流量表、合并及母公司所 有者权益变动表，以及财务报表附注，并出具了审计报告。在此基础上，我们审 计了后附的联德股份公司管理层编制的 2024 年度《非经营性资金占用及其他关 联资金往来情况汇总表》（以下简称汇总表）。 一、对报告使用者和使用目的的限定 本报告仅供联德股份公司年度报告披露时使用，不得用作任何其他目的。我 们同意将本报告作为联德股份公司年度报告的必备文件，随同其他文件一起报送 并对外披露。 为了更好地理解联德股份公司 2024 年度非经营性资金占用及其他关联资金 往 ...

证券代码：605060 证券简称： 联德股份 公告编号：2025-013 杭州联德精密机械股份有限公司 关于召开2024年年度股东大会的通知 2024年年度股东大会 (四)现场会议召开的日期、时间和地点 召开的日期时间：2025 年 5 月 22 日 13 点 30 分 召开地点：浙江省杭州经济开发区 18 号大街 77 号 杭州联德精密机械股份 有限公司二楼会议室 股东大会召开日期：2025年5月22日 本次股东大会采用的网络投票系统：上海证券交易所股东大会网络投票 系统 (二)股东大会召集人：董事会 (三)投票方式：本次股东大会所采用的表决方式是现场投票和网络投票相结合的 方式 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、 召开会议的基本情况 (一)股东大会类型和届次 (五)网络投票的系统、起止日期和投票时间。 采用上海证券交易所网络投票系统，通过交易系统投票平台的投票时间为股 东大会召开当日的交易时间段，即 9:15-9:25,9:30-11:30，13:00-15:00；通过互联 网投票平台的投 ...

表决结果：3 票同意，0 票反对，0 票弃权。 本议案需提交公司股东大会审议。 证券代码：605060 证券简称：联德股份 公告编号：2025-002 杭州联德精密机械股份有限公司 第三届监事会第十次会议决议公告 本公司监事会及全体监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、监事会会议召开情况 杭州联德精密机械股份有限公司（以下简称"公司"）第三届监事会第十次 会议于 2025 年 4 月 21 日（星期一）在公司二楼会议室以现场的方式召开。会议 通知已于 2025 年 4 月 11 日通过书面的方式送达各位监事。本次会议应出席监事 3 人，实际出席监事 3 人。 会议由监事会主席吴耀章主持，公司部分高级管理人员列席会议。会议召 开符合有关法律、法规、规章和《公司章程》的规定。出席会议的监事对各项议 案进行了认真审议并做出了如下决议： 二、监事会会议审议情况 （一）、审议通过《关于 2024 年度监事会工作报告的议案》 （二）、审议通过《关于 2024 年度财务决算报告的议案》 表决结果：3 票同意，0 票反对，0 票弃权。 本议案需提 ...

证券代码：605060 证券简称：联德股份 公告编号：2025-001 杭州联德精密机械股份有限公司 第三届董事会第十次会议决议公告 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 杭州联德精密机械股份有限公司（以下简称"公司"）第三届董事会第十次 会议于 2025 年 4 月 21 日（星期一）在公司二楼会议室以现场的方式召开。会议 通知已于 2025 年 4 月 11 日通过书面的方式送达各位董事。本次会议应出席董事 7 人，实际出席董事 7 人。 会议由董事长孙袁主持，监事、高管列席。会议召开符合有关法律、法规、 规章和《公司章程》的规定。经各位董事认真审议，会议形成了如下决议： 二、董事会会议审议情况 （一）审议通过《关于 2024 年度总经理工作报告的议案》 表决结果：7 票同意，0 票反对，0 票弃权。 （二）审议通过《关于 2024 年度董事会工作报告的议案》 表决结果：7 票同意，0 票反对，0 票弃权。 本议案需提交公司股东大会审议。 具体内容详见公司同日披露于上海证券交易所网站（ww ...

证券代码：605060 证券简称：联德股份 公告编号：2025-004 杭州联德精密机械股份有限公司 （一）利润分配方案的具体内容 经天健会计师事务所（特殊普通合伙）审计，截至 2024 年 12 月 31 日，杭 州联德精密机械股份有限公司（以下简称"公司"）期末可供分配利润（母公司报 表口径）为人民币 752,946,365.20 元。经董事会决议，公司 2024 年度拟以实施 权益分派股权登记日登记的总股本扣除公司回购专用账户的股数为基数分配利 润。本次利润分配方案如下： 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： 每股分配比例：A股每股派发现金红利0.35元（含税）。 本次利润分配以实施权益分派股权登记日登记的总股本（扣除股份回购 专户内股票数量）为基数，具体日期将在权益分派实施公告中明确。 在实施权益分派的股权登记日前公司总股本发生变动的，拟维持每股分 配比例不变，相应调整分配总额，并将另行公告具体调整情况。 关于2024年度利润分配方案的公告 公司不触及《上海证券交易所股票上市规则》第9.8.1 ...

Financial Performance - The company's operating revenue for 2024 was CNY 1,098,439,510.76, a decrease of 9.32% compared to CNY 1,211,295,248.76 in 2023[20]. - The net profit attributable to shareholders for 2024 was CNY 187,471,914.72, down 25.41% from CNY 251,336,257.26 in 2023[20]. - The basic earnings per share for 2024 was CNY 0.78, reflecting a decline of 25.71% compared to CNY 1.05 in 2023[21]. - The total assets increased to CNY 2,855,011,693.38 at the end of 2024, representing a growth of 6.72% from CNY 2,675,178,264.45 at the end of 2023[20]. - The cash flow from operating activities for 2024 was CNY 297,797,237.47, a decrease of 8.43% from CNY 325,205,035.15 in 2023[20]. - The weighted average return on equity for 2024 was 8.28%, down from 11.71% in 2023, indicating a decline of 3.43 percentage points[21]. - The company reported a net profit of CNY 51,830,617.50 in Q1 2024, with a slight decrease in subsequent quarters[23]. - Non-recurring gains and losses for 2024 totaled CNY 2,984,853.12, compared to CNY 13,170,124.71 in 2023, showing a significant reduction[24]. - The company's net assets attributable to shareholders increased to CNY 2,326,600,420.55 at the end of 2024, a rise of 3.67% from CNY 2,244,318,389.69 at the end of 2023[20]. - The diluted earnings per share for 2024 was also CNY 0.78, consistent with the basic earnings per share, reflecting the same percentage decline as the basic earnings[21]. Dividend and Shareholder Engagement - The company plans to distribute a cash dividend of RMB 3.5 per 10 shares, totaling approximately RMB 83.82 million to shareholders[5]. - The cash dividend represents 44.71% of the net profit attributable to ordinary shareholders in the consolidated financial statements, which is RMB 187,471,914.72[148]. - The company has a cumulative cash dividend of RMB 249,660,240 over the last three accounting years, with a cash dividend ratio of 109.09%[150]. - The company reported a significant increase in shareholder engagement, enhancing communication channels to ensure investors are well-informed about operational developments[116]. - The board approved the 2023 profit distribution plan, indicating a commitment to returning value to shareholders[118]. Corporate Governance and Compliance - The company has received a standard unqualified audit report from Tianjian Accounting Firm[4]. - The company has confirmed that all board members attended the board meeting[3]. - The company has implemented strict insider information management protocols to prevent insider trading and protect minority shareholders' rights[116]. - The board approved the election of new independent directors, enhancing governance and oversight mechanisms[118]. - The company has not reported any significant changes in competition or business independence from major shareholders, maintaining operational integrity[116]. - The company has a structured decision-making process for remuneration, requiring approval from the remuneration and assessment committee and the shareholders' meeting[126]. - The company maintains compliance with relevant laws and regulations regarding remuneration practices[126]. Risk Management - The company has described potential risks in the management discussion and analysis section of the report[7]. - The company has a comprehensive risk statement regarding future plans and forecasts[6]. - The company faces risks from raw material price fluctuations, which could negatively impact profit margins if prices rise unexpectedly and the company cannot adjust product prices in time[107]. - Trade tensions between the US and China have led to increased tariffs, with rates rising to 125% on certain products, potentially affecting the company's cost structure and customer pricing strategies[108]. - The company has significant exposure to foreign exchange risks, particularly with a large portion of revenue generated in USD, which could lead to substantial exchange losses if the RMB appreciates significantly[109]. - Customer concentration remains high, with major clients in the commercial air conditioning and air compressor sectors, posing risks if any key customer faces financial difficulties or reduces orders[111]. Innovation and Development - The company successfully launched the Mingde factory in 2024, enhancing production capacity with advanced equipment and skilled personnel, leading to improved production efficiency and product quality[28]. - The company achieved significant breakthroughs in digital transformation, integrating PLM, SAP, and on-site execution systems to eliminate data silos and enable data-driven operations[31][32]. - The company is focusing on optimizing product structure and expanding into new business areas such as AIDC and high-end equipment manufacturing, aiming for a diversified and high-end product system[94]. - The company is committed to enhancing its research and development efforts to innovate and improve product offerings[123]. - The company is actively pursuing strategic partnerships and potential acquisitions to enhance its competitive position[123]. Environmental Responsibility - The company invested 1.2157 million yuan in environmental protection during the reporting period[159]. - The subsidiary Liyuan Jinhai has implemented advanced pollution control measures, including a bag filter system and activated carbon purification for exhaust gas treatment[160]. - The company has established an emergency response plan for environmental incidents, which has been filed with the local environmental protection bureau[162]. - The company’s subsidiaries reported no significant environmental violations or administrative penalties during the reporting period[164]. - The rooftop distributed photovoltaic power generation project is expected to reduce standard coal consumption by 14,070.67 tons annually, resulting in a reduction of 2,825.53 tons of CO2 emissions[167]. Market Outlook - The global market size for air compressors is projected to reach approximately $60 billion by 2024, while the market for refrigeration compressors is expected to reach around $18 billion[40]. - The global engineering machinery market sales are estimated to reach approximately ¥950 billion in 2024, indicating strong growth potential driven by ongoing infrastructure projects[41]. - The global energy investment is expected to exceed $3 trillion in 2024, reflecting significant emphasis on energy sector development and rapid growth in the energy equipment manufacturing industry[45]. - The mechanical components industry in China is experiencing positive growth, with leading companies approaching international standards in manufacturing processes and technology[38]. - The company’s target markets are primarily in China and the United States, both of which are maintaining stable economic growth, indicating a favorable long-term outlook for the mechanical components industry[88].

Financial Performance - The company's operating revenue for Q1 2025 was CNY 275,034,192.13, a decrease of 5.13% compared to CNY 289,910,186.13 in the same period last year[4] - Net profit attributable to shareholders was CNY 46,160,513.83, down 10.94% from CNY 51,830,617.50 year-on-year[4] - Basic and diluted earnings per share were both CNY 0.19, reflecting a decline of 13.64% from CNY 0.22 in the previous year[5] - Operating profit for Q1 2025 was CNY 50,965,027.29, down from CNY 59,345,782.66 in the same period last year, reflecting a decline of 14.5%[19] - The company reported a total comprehensive income of CNY 45,761,794.29 for Q1 2025, a decrease of 12.6% from CNY 52,258,816.57 in Q1 2024[20] Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,827,121,917.99, a decrease of 0.98% from CNY 2,855,011,693.38 at the end of the previous year[5] - Total liabilities decreased to CNY 449,110,648.56 as of March 31, 2025, from CNY 522,762,218.24 at the end of 2024, a reduction of 14.0%[14] - The company's equity attributable to shareholders increased to CNY 2,372,309,334.53 as of March 31, 2025, compared to CNY 2,326,600,420.55 at the end of 2024, reflecting a growth of 1.96%[15] Cash Flow - The net cash flow from operating activities was CNY 32,669,953.39, down 8.80% from CNY 35,823,617.84 in the same period last year[4] - Cash flow from operating activities for Q1 2025 was CNY 32,669,953.39, compared to CNY 35,823,617.84 in Q1 2024, indicating a decrease of 6.0%[24] - The company incurred interest expenses of CNY 913,282.82 in Q1 2025, compared to CNY 365,492.30 in Q1 2024, representing a significant increase of 149.8%[19] - The company’s investment activities resulted in a net cash outflow of CNY 37,729,703.90 in Q1 2025, compared to a net outflow of CNY 62,543,163.64 in Q1 2024, indicating an improvement of 39.6%[24] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 9,654[9] - The largest shareholder, Hangzhou LianDe Holdings Co., Ltd., holds 33.53% of the shares, totaling 80,863,200 shares[9] Research and Development - Research and development expenses increased to CNY 18,481,087.45 in Q1 2025, up from CNY 15,413,843.95 in Q1 2024, representing a growth of 20.1%[18] - The company plans to continue investing in R&D and market expansion strategies to drive future growth[18] - The company has not reported any new product developments or market expansion strategies in this quarter[3] Other Financial Metrics - The weighted average return on equity decreased to 1.96%, down from 2.28% in the same period last year, a drop of 0.32 percentage points[5] - Total operating costs for Q1 2025 were CNY 219,618,740.57, down from CNY 226,718,593.81 in Q1 2024, reflecting a reduction of 3.9%[18] - Total revenue from sales in Q1 2025 was CNY 226,701,602.96, down 13.0% from CNY 260,586,821.89 in Q1 2024[23] - The company reported non-recurring gains and losses totaling CNY 1,542,992.53 after tax[7] - Cash and cash equivalents as of March 31, 2025, were CNY 744,626,688.68, a decrease from CNY 773,051,610.49 as of December 31, 2024[12] - Accounts receivable increased to CNY 330,264,991.15 as of March 31, 2025, compared to CNY 302,361,139.68 at the end of 2024, indicating an increase of 9.3%[12]

证券代码：605060 证券简称：联德股份 公告编号：2025-011 杭州联德精密机械股份有限公司 关于回购注销 2022 年限制性股票激励计划 部分限制性股票的公告 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： 杭州联德精密机械股份有限公司（以下简称"公司"）于 2025 年 4 月 21 日召开的第三届董事会第十次会议、第三届监事会第十次会议，审议通过了《关 于回购注销 2022 年限制性股票激励计划部分限制性股票的议案》，同意公司对 2022 年限制性股票激励计划（以下简称"本次激励计划"）50 名激励对象已获 授但尚未解除限售的 59.20 万股限制性股票进行回购注销。现将有关事项说明如 下： 一、本次激励计划已履行的审议程序及信息披露情况 （一）2022 年 9 月 21 日，公司召开第二届董事会第十五次会议，审议通过 了《关于<杭州联德精密机械股份有限公司 2022 年限制性股票激励计划（草案）> 及其摘要的议案》《关于<杭州联德精密机械股份有限公司 2022 年限制性股票激 励计划实施考核管理 ...

之 深圳价值在线咨询顾问有限公司 关于 杭州联德精密机械股份有限公司 2022 年限制性股票激励计划 第二个解除限售期解除限售条件未成就暨 回购注销部分限制性股票相关事项 独立财务顾问报告 $$=\mathbf{o}-\mp\hbar\oplus\mathbb{P}\mathbb{P}$$ | | | 深圳价值在线咨询顾问有限公司 独立财务顾问报告 第一章 释 义 在本报告中，如无特殊说明，下列简称具有如下含义： | 释义项 | | 释义内容 | | --- | --- | --- | | 联德股份、本公司、公司、 | 指 | 杭州联德精密机械股份有限公司 | | 上市公司 | | | | 本次激励计划 | 指 | 杭州联德精密机械股份有限公司 2022 年限制性股票 | | | | 激励计划 | | 《激励计划（草案）》 | 指 | 《杭州联德精密机械股份有限公司 2022 年限制性股 | | | | 票激励计划（草案）》 | | | | 《深圳价值在线咨询顾问有限公司关于杭州联德精 | | 本报告、本独立财务顾问报 | 指 | 密机械股份有限公司 2022 年限制性股票激励计划第 | | 告 | | 二个 ...

Investment Rating - The report assigns a "Buy" investment rating for the company [8] Core Views - The demand for refrigeration compressors is high due to the expansion of high-end equipment needs, benefiting the company as a leading precision machinery manufacturer in China [2] - The company has established strong relationships with overseas core clients, which are becoming a new growth engine for its business [3] - The company is making significant progress in capacity expansion and new product development, indicating strong potential for future earnings growth [4][7] Summary by Sections Market Performance - The company has shown a strong market performance, with its overseas revenue share increasing from 33% in 2021 to 44% in 2023, reflecting robust international expansion capabilities [3] Financial Forecast - Revenue projections for 2024, 2025, and 2026 are estimated at 11.96 billion, 15.03 billion, and 18.54 billion yuan respectively, with corresponding EPS of 0.89, 1.20, and 1.52 yuan [8][10] - The company is expected to experience stable growth due to its global layout and gradual capacity release [8] Production and R&D - The company is currently constructing a factory in Mexico, expected to partially commence production in 2025, which will enhance its overseas capacity and mitigate trade risks [4] - R&D investment has been increasing, with 0.53 billion yuan spent in the first nine months of 2024, representing a 6.24% R&D expense ratio, up by 0.64 percentage points from the previous period [7]