证券代码：605133 证券简称：嵘泰股份 公告编号：2024-042 江苏嵘泰工业股份有限公司 二、 回购股份的进展情况 公司于 2024 年 2 月 1 日通过股份回购专用证券账户以集中竞价交易方式首次 实施了股份回购。截至 2024 年 8 月 31 日，公司通过股份回购专用证券账户以集 中竞价交易方式已累计回购公司股份169.56万股，占公司总股本的比例为0.91%， 购买的最低价格为 16.26 元/股、最高价格为 21.88 元/股，已支付的总金额为 关于股份回购进展公告 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： | 回购方案首次披露日 | 2024/2/1 | | --- | --- | | 回购方案实施期限 | 待董事会审议通过后 个月 12 | | 预计回购金额 | 万元 3,000 万元~6,000 | | 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 | 169.56 万股 ...

Investment Rating - Maintain "Buy" rating with a target price of RMB 21.72 (18x 2024E PE) [1][3] Core Views - 1H24 performance fell short of expectations due to forex losses from the Mexican factory, with revenue up 24.98% YoY to RMB 1.149 billion and net profit up 18.00% YoY to RMB 86 million [1] - Gross margin improved to 23.54% in 1H24, driven by cost reductions and increased sales from a global new energy client [1] - Overseas business expanded, with revenue from the Mexican factory up 19.8% YoY to RMB 210 million, and a new Thai subsidiary established with RMB 400 million investment [1] - New energy business is a key growth driver, with breakthroughs in integrated die-casting and structural components [1] - Fine management and cost optimization are expected to enhance profitability [1] Financial Performance - 1H24 revenue reached RMB 1.149 billion, accounting for 39% of the full-year forecast, while net profit was RMB 86 million, 34% of the full-year forecast [1] - 2Q24 revenue increased 32.42% YoY and 25.06% QoQ to RMB 638 million, with net profit up 17.26% YoY and 3.47% QoQ to RMB 44 million [1] - Gross margin in 2Q24 improved to 25.40%, up 1.23 ppts YoY and 4.19 ppts QoQ [1] - 2024E/2025E/2026E net profit forecasts were revised down by 13%/8%/14% to RMB 223 million, RMB 295 million, and RMB 361 million, respectively [1] Overseas Expansion - The Mexican factory reported a net loss of RMB 11.38 million in 1H24, a 54.5% YoY increase due to forex losses [1] - The Thai subsidiary is expected to strengthen global market presence and improve supply chain integration with global OEMs [1] New Energy Business - The company is focusing on new energy vehicle components, including integrated die-casting and structural parts, with new projects secured in 1H24 [1] - Key technologies in die-casting and material processing have been mastered, positioning the company for long-term growth in the new energy sector [1] Cost Optimization - The company has designated 2024 as the "Year of Quality Improvement," aiming to enhance operational efficiency and cost control [1] - Fine management and production optimization are expected to further improve profitability [1] Valuation and Forecasts - 2024E revenue is projected at RMB 2.615 billion, with net profit of RMB 223 million [1][6] - 2025E revenue is expected to reach RMB 3.662 billion, with net profit of RMB 295 million [1][6] - 2026E revenue is forecasted at RMB 4.614 billion, with net profit of RMB 361 million [1][6]

证券代码：605133 证券简称：嵘泰股份 公告编号：2024-041 江苏嵘泰工业股份有限公司 关于全资子公司完成减资暨工商变更登记的公告 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个别及连带责任。 江苏嵘泰工业股份有限公司（以下简称"公司"）于 2024 年 7 月 3 日召开 第二届董事会第二十六次会议，审议通过了《关于全资子公司减资的议案》，同 意全资子公司扬州嵘泰精密压铸有限公司（以下简称"嵘泰压铸"）减少注册资 本 41,900 万元。减资完成后嵘泰压铸注册资本为 66,000 万元，公司持股比例 100%，具体内容情况详见公司于 2024 年 7 月 4 日在上海证券交易所网站 （www.sse.com.cn）上披露的《关于全资子公司减资的公告》（公告编号：2024- 032）。 近日，嵘泰压铸完成了本次减资的工商变更登记手续，并取得扬州市江都区 行政审批局换发的《营业执照》。相关登记信息如下： 公司名称：扬州嵘泰精密压铸有限公司 统一社会信用代码：9132100067635217XP 类型：有限责任公司（自然人投资或 ...

Financial Performance - The company's operating revenue for the first half of 2024 reached CNY 1,148,578,648.44, representing a 24.98% increase compared to CNY 919,004,122.78 in the same period last year[21]. - Net profit attributable to shareholders was CNY 86,256,271.41, an 18.00% increase from CNY 73,097,377.71 year-on-year[21]. - The net cash flow from operating activities surged by 347.38% to CNY 147,142,765.75, up from CNY 32,890,211.92 in the previous year[21]. - The total assets of the company increased by 2.65% to CNY 4,471,500,257.64 compared to CNY 4,356,007,716.15 at the end of the previous year[21]. - The basic earnings per share rose to CNY 0.46, a 6.98% increase from CNY 0.43 in the same period last year[22]. - The diluted earnings per share also increased to CNY 0.46, up 9.52% from CNY 0.42 year-on-year[22]. - The weighted average return on net assets decreased slightly to 3.23%, down from 3.37% in the previous year[22]. - The company reported a decrease in net assets attributable to shareholders by 0.50% to CNY 2,669,175,140.22 from CNY 2,682,524,630.46 at the end of the previous year[21]. - The company reported non-recurring gains of RMB 11,216,553.51, after deducting the impact of income tax and minority interests[25]. - The total profit for the first half of 2024 was CNY 99,131,043.30, up from CNY 80,986,425.79 in the same period last year, indicating an increase of about 22.3%[118]. - The company reported a total comprehensive income for the first half of 2024 was CNY 18,010,327.31, down from CNY 175,258,656.59 in the same period last year, primarily due to changes in other comprehensive income[116]. Cash Flow and Financing - The net cash flow from operating activities surged by 347.38% to ¥147,142,765.75, driven by continuous sales growth and increased collections[43]. - The net cash flow from financing activities increased by 123.43% to ¥153,492,143.54, mainly due to increased cash from borrowings[43]. - The company reported a cash outflow of CNY 1,281,625,832.47 from investment activities in the first half of 2024, compared to CNY 380,684,570.23 in the same period of 2023, indicating a substantial increase in investment expenditures[125]. - The company received CNY 637,271,376.58 in borrowings during the first half of 2024, compared to CNY 299,844,426.89 in the previous year, reflecting a growth of approximately 112.5%[123]. - Total cash inflow from financing activities in the first half of 2024 was CNY 705,065,263.98, up from CNY 312,633,826.89 in 2023, marking an increase of approximately 125.5%[123]. Market and Industry Trends - The automotive industry showed a growth trend, with domestic sales slightly increasing and exports contributing significantly to market growth, particularly in the new energy vehicle sector[31]. - The company anticipates that favorable policies and new product launches will help stimulate automotive market consumption in the second half of the year[31]. - The company is actively expanding its product offerings in structural components and integrated die-casting parts, capitalizing on the growing market for new energy vehicles[38]. - Increased competition in the automotive aluminum precision die-casting market is leading to price declines and heightened risks of reduced orders and revenue[55]. - The automotive industry is cyclical, and the company's performance is significantly influenced by the economic conditions affecting the automotive sector, particularly the growth of the new energy vehicle market[54]. Operational Strategy - The company specializes in the R&D, production, and sales of aluminum alloy precision die-casting parts, primarily for automotive applications[27]. - The company employs a "make-to-order" production model, aligning production with customer demand to optimize efficiency[29]. - The company has established a strict supplier selection mechanism to ensure the quality of raw materials, primarily aluminum ingots[28]. - The company has accumulated extensive experience in R&D, management, and production through close cooperation with well-known automotive parts suppliers[32]. - The company has established five development teams to enhance market development, focusing on "steering systems + new energy business" product positioning, with electric power steering systems and rear-wheel steering products being applied across various models globally[37]. Environmental and Compliance - The company has not reported any environmental penalties and complies with national standards for emissions and waste management[64]. - The company achieved over 90% collection and treatment efficiency for exhaust gases, meeting the national air pollution discharge standards[65]. - Wastewater treatment meets standards after processing through the company's sewage treatment station, with various types of wastewater being treated appropriately[65]. - The company has implemented energy management measures, including monthly monitoring of energy consumption for melting furnaces and utilities[68]. - The company actively promotes environmental management and invests in new eco-friendly technologies to improve its green image[67]. Shareholder and Governance - The company plans to distribute profits through a stock dividend of 10 shares for every 10 shares held, with no cash dividends proposed[62]. - The company has committed to not transferring or entrusting the management of its shares for 36 months from the date of its IPO, which began in June 2019[72]. - The integrity status of the company and its major stakeholders is good, with no unfulfilled court judgments or significant overdue debts[77]. - The company has not engaged in any significant related party transactions during the reporting period[78]. - The company has not reported any changes in share capital structure during the reporting period[93]. Research and Development - The company has invested a total of 16,968,414.66 CNY in research and development expenses, an increase from 15,578,331.31 CNY in the previous year, showing a commitment to innovation[118]. - The company plans to expand its market presence and invest in new product development, aiming for a 20% increase in R&D spending in the upcoming fiscal year[140]. - The company has introduced new technologies aimed at improving operational efficiency, which are expected to contribute to a 10% reduction in operational costs by the end of the fiscal year[140]. Financial Reporting and Accounting - The financial statements are prepared based on the assumption of going concern, with no significant doubts regarding the company's ability to continue operations for the next 12 months[158]. - The company adheres to the accounting standards for enterprises, ensuring that the financial statements accurately reflect its financial position and operating results[160]. - The company recognizes expected credit losses based on the risk of default, with the loss provision reflecting the present value of cash flow shortfalls[190].

| 2024 年第一次临时股东大会议程 3 | | --- | | 股东大会会议须知 4 | | 关于前次募集资金使用情况报告的议案 5 | 江苏嵘泰工业股份有限公司 江苏嵘泰工业股份有限公司 2024 年第一次临时股东大会 会议资料 2024 年 9 月 12 日 中国·扬州 1 2024 年第一次临时股东大会议程 现场会议日程： 3 召集人：江苏嵘泰工业股份有限公司董事会 主持人：按照公司《章程》规定主持召开 一、宣布会议开始 二、宣布会议出席情况、推选监票人和计票人 三、介绍会议基本情况 四、审议议案（含股东发言、提问环节） 五、独立董事述职 六、股东进行现场投票表决 七、统计现场投票表决情况 八、宣布现场投票表决结果 九、休会、汇总现场及网络投票结果（最终投票结果以公司公告为准） 江苏嵘泰工业股份有限公司 股东大会会议须知 为维护全体股东的合法权益，确保股东大会的正常秩序和议事效率，保证股 东大会的顺利召开，根据《公司法》、《上市公司股东大会规则》及《公司章程》 的有关规定，特制定如下会议须知，望出席股东大会的全体人员遵照执行。 一、为保证股东大会的严肃性和正常秩序，切实维护与会股东（或股东授权 代表 ...

3、本次监事会会议于 2024 年 8 月 27 日在公司以现场表决方式召开。 证券代码：605133 证券简称：嵘泰股份 公告编号：2024-037 江苏嵘泰工业股份有限公司 第二届监事会第二十四次会议决议公告 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个别及连带责任。 一、监事会会议召开情况 1、江苏嵘泰工业股份有限公司（以下简称"公司"）第二届监事会第二十四 次会议的召开符合有关法律、行政法规、部门规章、规范性文件和公司章程的规 定。 2、本次监事会会议通知和材料于 2024 年 8 月 23 日以电子邮件及电话等形 式送达全体监事。 内容详见同日披露于上海证券交易所网站（www.sse.com.cn）的公告。 2、审议通过了《关于 2024 年半年度募集资金存放与使用情况专项报告》 表决结果：3 票同意，0 票反对，0 票弃权。 内容详见同日披露于上海证券交易所网站（www.sse.com.cn）的公告。 4、本次监事会会议应出席的监事 3 人，实际出席会议的监事 3 人。 5、本次监事会会议由监事会主席陈晨女士主持。 二、 ...

证券代码：605133 证券简称：嵘泰股份 公告编号：2024-038 江苏嵘泰工业股份有限公司 关于 2024 年半年度募集资金存放与使用情况的专项报告 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个别及连带责任。 一、募集资金基本情况 (一) 首次公开发行人民币 A 股普通股股票募集资金情况 1.实际募集资金金额、资金到账时间 本公司经中国证券监督管理委员会证监许可[2020]3575号文核准，由主承销商东方证券承 销保荐有限公司通过贵所系统采用网下向符合条件的投资者询价配售与网上向持有上海市场 非限售A股股份市值的社会公众投资者定价发行相结合方式，向社会公开发行了人民币普通股 (A股)股票4,000万股，发行价为每股人民币为20.34元，共计募集资金总额为人民币81,360.00 万元，扣除券商承销佣金及保荐费4,818.43万元后，主承销商东方证券承销保荐有限公司于 2021年2月9日汇入本公司募集资金监管账户人民币76,541.57万元。另减除审计验资费、律师 费、信息披露费、发行手续费及其他费用1,698.20万元(不含税 ...

关于召开 2024 年第一次临时股东大会的通知 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： 股东大会召开日期：2024年9月12日 江苏嵘泰工业股份有限公司 证券代码：605133 证券简称：嵘泰股份 公告编号：2024-040 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 一、 召开会议的基本情况 (一) 股东大会类型和届次 2024 年第一次临时股东大会 (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 (四) 现场会议召开的日期、时间和地点 召开的日期时间：2024 年 9 月 12 日 9 点 30 分 召开地点：江苏省扬州市江都区仙城工业园乐和路 8 号公司会议室 (五) 网络投票的系统、起止日期和投票时间。 网络投票系统：上海证券交易所股东大会网络投票系统 网络投票起止时间：自 2024 年 9 月 12 日 至 2024 年 9 月 12 日 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 ...

| 二、江苏嵘泰工业股份有限公司关于前次募集资金 | | | --- | --- | | 使用情况的报告 | 4-18 | 江苏嵘泰工业股份有限公司 前次募集资金使用情况鉴证报告 中国杭州市钱江新城新业路8号UDC时代大厦A座5-8层、12层、23层 Floors 5-8, 12 and 23, Block A, UDC Times Building, No. 8 Xinye Road, Qianjiang New City, Hangzhou Tel. 0571-88879999 Fax. 0571-88879000 www.zhcpa.cn . w | | 页 次 | | --- | --- | | 一、前次募集资金使用情况鉴证报告 | 1-3 | 中汇会鉴[2024]9689号 江苏嵘泰工业股份有限公司全体股东: 我们鉴证了后附的江苏嵘泰工业股份有限公司(以下简称嵘泰股份)管理层编 制的截至2024年6月30日的《关于前次募集资金使用情况的报告》。 一、对报告使用者和使用目的的限定 中国杭州市钱江新城新业路8号UDC时代大厦A座5-8层、12层、23层 Floors 5-8, 12 and 23, Bl ...

证券代码：605133 证券简称：嵘泰股份 公告编号：2024-036 江苏嵘泰工业股份有限公司 第二届董事会第二十七次会议决议公告 2、本次董事会会议通知和材料于 2024 年 8 月 23 日以电子邮件及电话等形 式送达全体董事。 3、本次董事会会议于 2024 年 8 月 27 日在公司以现场表决方式召开。 4、本次董事会会议应出席的董事 7 人，实际出席会议的董事 7 人。 5、本次董事会会议由董事长夏诚亮先生主持，公司监事列席了会议。 二、董事会会议审议情况 与会董事经认真审议和表决，通过如下决议： 1、审议通过了《2024 年半年度报告及摘要》 本事项已经公司第二届董事会审计委员会 2024 年第三次会议审议通过，并 提交董事会审议。 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个别及连带责任。 一、董事会会议召开情况 1、江苏嵘泰工业股份有限公司（以下简称"公司"）第二届董事会第二十七 次会议的召开符合有关法律、行政法规、部门规章、规范性文件和公司章程的规 定。 3、审议通过了《关于前次募集资金使用情况报告的议案》 表决 ...