Core Insights - The high-pressure cleaning machine market in China is experiencing steady growth, with the market size projected to increase from 1.937 billion yuan in 2018 to 3.02 billion yuan in 2024, reflecting a compound annual growth rate (CAGR) of 7.68% [1][13] - The demand for high-pressure cleaning machines is diversifying due to rising living standards and changing consumer perceptions, which will further expand the market [1][13] - The industry is characterized by a complete supply chain, including upstream raw material supply, midstream manufacturing, and downstream applications across various sectors [7] Industry Overview - High-pressure cleaning machines utilize a power-driven high-pressure pump to generate high-pressure water for cleaning surfaces, making them an efficient and environmentally friendly cleaning solution [3] - The machines can be categorized based on the driving engine (electric, gasoline, diesel), usage (household, commercial, industrial), and water temperature (cold, hot, or both) [3] Industry Development History - The Chinese high-pressure cleaning machine industry has evolved through four stages: initial imitation of imported equipment, expansion with domestic innovation, technological upgrades, and a focus on high-quality development driven by carbon neutrality goals [5] Industry Chain - The industry chain includes upstream raw materials (plastics, steel, aluminum alloys), midstream manufacturing, and downstream applications in household, automotive, construction, food processing, and municipal sectors [7] Market Trends - The global high-pressure cleaning machine market is projected to reach approximately 3.195 billion yuan by 2024, driven by industrialization and urbanization [12] - The application of high-pressure cleaning machines is expanding into various sectors, including vehicle washing, building maintenance, and municipal cleaning, due to their efficiency and environmental benefits [24] Competitive Landscape - The industry is fragmented, with domestic manufacturers transitioning from OEM to ODM and OBM models, enhancing their competitive edge [16][18] - Key players include Greenfield Machinery, Zhejiang Danong, and others, with Greenfield's revenue from high-pressure cleaning machines expected to reach 1.085 billion yuan in 2024, a 70.06% increase [19][21] Future Development Trends - The industry is expected to see continued technological innovation, with a focus on high-performance materials and smart manufacturing processes [23] - The trend towards specialization, diversification, integration, and intelligence in high-pressure cleaning machines will cater to specific market needs and enhance user experience [25]

Core Viewpoint - The legal opinion letter from Grandall Law Firm confirms that the procedures for the 2024 annual shareholders' meeting of Lvtian Machinery Co., Ltd. were conducted in accordance with relevant laws and regulations, ensuring the legitimacy and validity of the meeting and its resolutions [1][12]. Group 1: Meeting Procedures - The shareholders' meeting was convened following the proper procedures as outlined in the Company Law, Securities Law, and other relevant regulations [3][12]. - The meeting notification included all necessary details such as time, location, and voting methods, which were verified to be compliant with legal requirements [4][5]. Group 2: Attendance and Voting - A total of 62 shareholders and their proxies attended the meeting, representing 102,433,228 shares, which is 59.3884% of the total shares [6]. - The voting process combined both on-site and online methods, with specific timeframes and procedures clearly communicated in the meeting notification [5][7]. Group 3: Resolutions and Voting Results - All resolutions presented at the shareholders' meeting were approved, with voting results indicating a strong majority in favor [10][12]. - The voting results showed that for the resolutions, the majority of votes were in favor, with specific percentages of approval and abstentions documented [8][9].

证券代码：605259 证券简称：绿田机械 公告编号：2025-015 绿田机械股份有限公司 2024年年度股东大会决议公告 本次会议是否有否决议案：无 一、 会议召开和出席情况 (一)股东大会召开的时间：2025 年 5 月 16 日 (二)股东大会召开的地点：浙江省台州市路桥区横街镇新兴路 299 号公司一楼会 议室 (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： | 1、出席会议的股东和代理人人数 | 62 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 102,433,228 | | 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 | | | 份总数的比例（%） | 59.3884 | (四)表决方式是否符合《公司法》及《公司章程》的规定，大会主持情况等。 本次股东大会由公司董事长罗昌国先生主持，会议采用现场投票与网络投票相结 合的方式进行表决。会议召集、召开程序及表决方式符合《公司法》及《公司章 程》的规定。 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 ...

国浩律师（杭州）事务所 关于 绿田机械股份有限公司 2024 年年度股东大会 法律意见书 国浩律师（杭州）事务所 关 于 地址：杭州市上城区老复兴路白塔公园 B 区 2 号、15 号国浩律师楼 邮编：310008 Grandall Building, No.2＆No.15, Block B, Baita Park, Old Fuxing Road, Hangzhou, Zhejiang 310008, China 电话/Tel: (+86)(571) 8577 5888 传真/Fax: (+86)(571) 8577 5643 电子邮箱/Mail：grandallhz@grandall.com.cn 网址/Website：http://www.grandall.com.cn 二〇二五年五月 国浩律师（杭州）事务所 法律意见书 绿田机械股份有限公司 2024 年年度股东大会 法律意见书 致：绿田机械股份有限公司 国浩律师（杭州）事务所（以下简称"本所"）接受绿田机械股份有限公司 （以下简称"公司""绿田机械"）的委托，指派律师出席公司 2024 年年度股 东大会（以下简称"本次股东大会"），并依据《中华人民共和 ...

Investment Rating - The investment rating for the company is "Buy" (maintained) [2] Core Views - The company is a leading player in the high-pressure cleaning machine sector, experiencing accelerated growth, while its general machinery business shows steady growth [2] - The company's revenue and profit for 2024 and Q1 2025 exceeded expectations, driven by increased orders in general power machinery and high-pressure cleaning machines [5][6] - The company is expanding its production capacity and entering the energy storage sector, which is expected to become a new growth point [5][6] Financial Performance Summary 1) Revenue & Profit: - 2024 full year revenue reached 2.25 billion, a year-on-year increase of 38.3%, with net profit attributable to shareholders at 190 million, a year-on-year increase of 3.4% [5] - Q4 2024 revenue was 680 million, a year-on-year increase of 72.5%, with net profit of 50 million, a year-on-year increase of 55.9% [5] - Q1 2025 revenue was 640 million, a year-on-year increase of 50.1%, with net profit of 60 million, a year-on-year increase of 56.3% [5] 2) Profitability: - The gross margin for 2024 was 18.1%, down 4.0 percentage points year-on-year, while the net profit margin was 8.3%, down 2.8 percentage points [5] - In Q1 2025, the gross margin improved to 20.0%, up 0.9 percentage points year-on-year, with a net profit margin of 9.0%, up 0.4 percentage points [5] 3) Expense Structure: - The total expense ratio for 2024 was 7.4%, down 0.2 percentage points year-on-year, with R&D expenses increasing due to investments in energy storage product development [5] - In Q1 2025, the total expense ratio was 7.7%, up 0.9 percentage points, primarily due to an increase in financial expenses [5] Business Segmentation - High-pressure cleaning machine business generated 1.09 billion in revenue in 2024, a year-on-year increase of 70.1%, with a gross margin of 20.6% [5] - General machinery revenue was 1 billion in 2024, a year-on-year increase of 14.2%, with a gross margin of 13% [5] - The energy storage segment generated 10 million in revenue in 2024, with a gross margin of 19.2% [5] Earnings Forecast and Valuation - The company is expected to achieve revenues of 2.87 billion, 3.76 billion, and 4.96 billion in 2025, 2026, and 2027, respectively, with corresponding net profits of 247 million, 331 million, and 455 million [6] - The current market valuation corresponds to a PE ratio of 12.4 for 2025, indicating that the company is undervalued compared to industry averages [6]

Core Viewpoint - The company, Lvtian Machinery, has shown a positive performance in its stock price and financial results, indicating growth potential and shareholder returns through dividends [1][3][4]. Company Announcements - Lvtian Machinery will hold its 2024 annual shareholders' meeting on May 16, 2025, in Taizhou, Zhejiang Province, to discuss various proposals including financial reports and profit distribution [2][4]. - The meeting will also address the reappointment of the accounting firm and the application for a comprehensive credit line from banks [2][3]. Financial Performance - In 2024, Lvtian Machinery achieved a revenue of 2.249 billion yuan, representing a year-on-year growth of 38.29% [3][4]. - The net profit attributable to shareholders was 186 million yuan, with a year-on-year increase of 3.44% [3]. - The company plans to distribute a cash dividend of 6.00 yuan per 10 shares, totaling 103 million yuan, which accounts for 55.61% of the net profit [3][4]. - The company intends to apply for a comprehensive credit line of up to 1.2 billion yuan and engage in foreign exchange hedging activities not exceeding 200 million USD [3].

绿田机械 2024 年年度股东大会会议资料 绿田机械股份有限公司 2024 年年度股东大会会议资料 股票代码：605259 二〇二五年五月十六日 绿田机械 2024 年年度股东大会会议资料 目录 二、为保证股东大会的正常秩序，除出席会议的股东、董事、监事、高级管 理人员、见证律师、本次会议议程有关人员及会务工作人员以外，公司有权拒绝 其他人员进入会场。对于影响股东大会秩序和损害其他股东合法权益的行为，公 司将按规定加以制止。 三、本次会议采用现场投票与网络投票相结合的方式逐项进行表决。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 台的投票时间为股东大会召开当日的 9:15-15:00。 四、出席本次股东大会的股东应当按照《绿田机械关于召开 2024 年年度股 东大会的通知》要求，持相关证件办理签到手续。在大会主持人宣布现场出席会 议的股东人数及所持有表决权的股份总数之前，会议终止登记。未签到登记的股 东原则上不能参加本次股东大会。 五、与会股东依法享有发言权、质询权、表决 ...

会议召开时间：2025 年 5 月 13 日（星期二）15:00-17:00 会议召开地点和方式：投资者可登录"全景路演"网站（https://rs.p5w.net）， 或关注微信公众号：全景财经，或下载全景路演 APP,参与本次互动交流。 会议问题征集：投资者可访问 http://ir.p5w.net/zj/，进入问题征集专题页面， 提交您所关心的问题。公司将通过本次业绩说明会，在信息披露允许范围内就投 资者普遍关注的问题进行回答。 一、说明会类型 绿田机械股份有限公司（以下简称"公司"）分别于 2025 年 4 月 26 日、2025 年 4 月 30 日在上海证券交易所网站（www.sse.com.cn）披露了《2024 年年度报 告》《2024 年年度报告摘要》及《2025 年第一季度报告》。为便于广大投资者 更加全面深入地了解公司经营业绩、发展战略等情况，公司定于 2025 年 5 月 13 日（星期二）15:00-17:00，参加由浙江证监局、浙江上市公司协会与深圳市全景 网络有限公司联合举办的"2025 年浙江辖区上市公司投资者集体接待日暨 2024 年度和 2025 年第一季度业绩说明会"，与 ...

登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：605259 证券 简称：绿田机械 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 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整，不存在虚假 记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 公司负责人、主管会计工作负责人及会计机构负责人（会计主管人员）保证季度报告中财务信息的真 实、准确、完整。 第一季度财务报表是否经审计 □是 √否 一、主要财务数据 (一)主要会计数据和财务指标 单位：元币种：人民币 ■ (二)非经常性损益项目和金额 √适用□不适用 单位:元币种:人民币 ■ 对公司将《公开发行证券的公司信息披露解释性公告第1号一一非经常性损益》未列举的项目认定为非 经常性损益项目且金额重大的，以及将《公开发行证券的公司信息披露解释性公告第1号一一非经常性 损益》中列举的非经常性损益项目界定为经常性损益的项目，应说明原因。 □适用 √不适用 (三)主要会计数据、财务指标发生变动的情况、原因 √适用□不适用 ■ ...