Dividend Distribution - The company plans to distribute a cash dividend of RMB 10 per 10 shares, totaling RMB 1,369,339,712, which accounts for 36.98% of the net profit attributable to shareholders for the fiscal year 2024[14]. - The total share capital as of February 26, 2025, is 1,369,339,712 shares, which will be the basis for the dividend distribution[14]. - The company has not experienced any changes in its total share capital from the date of the profit distribution announcement to the record date[14]. - The company’s board of directors has approved the profit distribution plan, pending approval from the annual shareholders' meeting[14]. Financial Performance - The company's operating revenue for 2024 reached RMB 24,908,937,548, representing a growth of 13.42% compared to RMB 21,962,105,911 in 2023[24]. - Net profit attributable to shareholders for 2024 was RMB 3,702,585,914, an increase of 21.77% from RMB 3,040,760,113 in 2023[24]. - Total assets as of December 31, 2024, amounted to RMB 64,802,246,319, up from RMB 53,778,787,056 in 2023, reflecting a growth of 20.50%[26]. - The company's total liabilities rose to RMB 20,039,828,511 in 2024, compared to RMB 15,930,081,855 in 2023, reflecting a growth of 25.80%[26]. - Operating profit for 2024 was RMB 4,286,006,426, up from RMB 3,252,450,709 in 2023, representing an increase of 31.70%[24]. - Basic earnings per share for 2024 increased to RMB 2.62 from RMB 2.15 in 2023, marking a growth of 21.86%[24]. Audit and Governance - The company has received a standard unqualified audit opinion from BDO China Shu Lun Pan Certified Public Accountants[17]. - The company emphasizes its commitment to transparency and accuracy in its financial reporting, ensuring no false statements or significant omissions[17]. - The company has not reported any non-operational fund occupation by controlling shareholders or related parties[16]. - The company has not indicated any special arrangements in corporate governance that would affect the annual report's accuracy[16]. - The company has confirmed that all directors attended the board meeting where the annual report was discussed[17]. Research and Development - Research and development expenses for 2024 were RMB 2,656,671,063, an increase of 28.78% from RMB 2,062,404,741 in 2023, indicating a strong focus on innovation[24]. - The company applied for 504 patents and published 38 international, national, and industry standards in the transportation and energy sectors[33]. - The company has been recognized with 13 provincial and industry-level science and technology awards, including 3 first-class awards[33]. - The company has established a comprehensive independent intellectual property system across various high-tech fields, including traction power supply technology and industrial conversion technology[72]. - The company has a strong focus on R&D, implementing a dual-driven strategy of "strategic guidance" and "market orientation" for its research projects[75]. Market Position and Strategy - The company aims to enhance its market presence in the transportation and energy sectors, focusing on high-quality development and innovation[31]. - The company is focusing on high-quality development and efficient operations, enhancing its core technologies in conversion and control[36]. - The company aims to expand its market presence beyond rail transportation, focusing on high-quality operations and efficiency[70]. - The company is actively expanding into new industries beyond rail transportation, including industrial conversion and new energy generation[82]. - The company is committed to deepening reforms and building a modern management mechanism to stimulate new industrial development[33]. Investment and Growth - The company achieved a historic revenue milestone of 24.9 billion yuan, marking a significant breakthrough[35]. - The company plans to continue strengthening its core businesses in rail transportation and semiconductors while accelerating the development of emerging sectors like new energy generation[35]. - The company has completed the development of high-pressure and low-pressure hydrogen production power supply products, with a total investment of 1,627 million and current investment of 668 million[124]. - The company has developed a 320kW string photovoltaic inverter, with mass production and performance parameters reaching industry-leading levels[123]. - The company is advancing the application of IGBT devices to enhance product competitiveness in the modular inverter market[123]. Challenges and Risks - The company faces risks related to unprofitability and significant performance declines, necessitating ongoing investment in new technologies and products[159]. - The international business strategy is impacted by global economic slowdowns and trade protectionism, affecting overseas operations and project management[162]. - Financial risks arise from currency fluctuations due to increased international operations, necessitating effective foreign exchange risk management[163]. - The competitive landscape in the new energy vehicle market is intensifying, requiring the company to enhance its market strategies and technological innovation[165]. - The company is actively monitoring geopolitical risks and their potential impact on overseas operations and project costs[166]. Revenue Breakdown - Revenue from rail transportation equipment business was RMB 14.64 billion, up 13.37% year-on-year[177]. - Revenue from emerging equipment business reached RMB 10.12 billion, growing by 13.71% compared to the previous year[178]. - The gross profit margin for rail transportation equipment and its extended industries was 32.48%, an increase of 3.87 percentage points year-on-year[180]. - Revenue from mainland China amounted to CNY 23,528,651,385, with a year-on-year increase of 12.27%[182]. - The production volume of semiconductor devices was 528.74 million units, with a year-on-year increase of 22.81%[183].

Core Viewpoint - The company achieved significant financial results in 2024, with total revenue of 24.909 billion yuan and a net profit of 3.703 billion yuan, but faces challenges in emerging business growth and market competition [1][5]. Group 1: Financial Performance - The company reported a total revenue of 24.909 billion yuan, representing a year-on-year increase of 13.42% [1]. - The net profit attributable to shareholders reached 3.703 billion yuan, up 21.77% year-on-year, with a non-recurring net profit of 3.226 billion yuan, increasing by 24.28% [1][5]. - The proposed cash dividend amounts to 1.369 billion yuan, accounting for 36.98% of the net profit, which may impact future capital expenditures and business expansion [5]. Group 2: Rail Transit Business - The company maintains a leading position in the rail transit sector, with a domestic market share of over 50% in urban rail traction systems for 13 consecutive years [2]. - The company secured its first order for a new energy locomotive traction system and achieved significant technological advancements, including the completion of the CR450 train set and the upgrade of the permanent magnet traction system [2]. - Despite these achievements, growth in the rail transit business is slowing, with future growth relying on maintenance and overseas orders due to limited domestic market expansion [2]. Group 3: Emerging Equipment Business - The company has made progress in the emerging equipment sector, leading the domestic market with IGBT modules in rail transit and power grid applications [3]. - The installed capacity of power modules for new energy passenger vehicles reached 2.256 million sets, holding a market share of approximately 13.7%, ranking second after BYD [3]. - However, the growth rate in the emerging equipment business has significantly slowed, with only 251,000 sets of electric drive systems installed for new energy passenger vehicles in 2024, and the solar inverter business underperforming against expectations [4][3].

关于本公司开展外汇衍生品交易的可行性分析报告 一、公司开展外汇衍生品交易业务的背景 因株洲中车时代电气股份有限公司（以下合称"公司"）业务持 续发展，收付汇规模也不断增长，外汇风险敞口不断扩大。受国际政 治、经济形势等因素影响，汇率波动幅度不断加大，外汇风险显著增 加。 在此背景下，为防范汇率大幅波动对公司造成不良影响，提高外 汇使用效率，合理降低财务费用，公司拟根据具体业务情况，通过外 汇衍生品交易业务适度开展外汇套期保值。公司开展的外汇衍生品交 易与日常经营需求紧密相关，是基于公司外币资产、负债状况以及外 汇收支业务情况进行，能够提高公司积极应对汇率风险、利率风险的 能力，增强公司财务稳健性。公司开展外汇衍生品交易业务主要用于 支付海外供应商的采购款项及海外客户回款，并将合理安排资金使用， 不会影响公司主营业务的发展。 二、公司开展外汇衍生品交易业务的基本情况 （一）交易金额 公司拟开展的外汇衍生品交易业务额度为 27.5 亿人民币或等值 其他货币，额度使用期限自该事项获董事会审议通过之日起 12 个月 内。上述额度在期限内可循环滚动使用，但期限内任一时点的投资余 额不超过等值 27.5 亿人民币或其他等 ...

证券代码：688187（A 股） 证券简称：时代电气（A 股） 公告编号：2025-011 证券代码： 3898（H 股） 证券简称：时代电气（H 股） 株洲中车时代电气股份有限公司 关于第七届监事会第十一次会议决议公告 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、准确性和完整性依法承担法律责任。 一、监事会会议召开情况 株洲中车时代电气股份有限公司（以下简称"公司"或"本公司"）第七届监 事会第十一次会议于 2025 年 3 月 28 日以现场会议的方式召开。会议通知和会议资 料已于 2025 年 3 月 14 日以电子邮件方式发出。目前监事会共有 4 名监事，实到监 事 4 名，会议由监事会主席李略先生主持。会议的召集召开符合《公司法》和《公 司章程》的有关规定，合法有效。 二、监事会会议审议情况 1、审议通过《关于本公司 2024 年年度报告及其摘要的议案》 监事会认为：株洲中车时代电气股份有限公司 2024 年年度报告的编制和审核 程序符合法律、法规及监管机构的规定；报告的内容真实、准确、完整、真实地反 映了公司的实际情况；不存在虚假记载、误导 ...

株洲中车时代电气股份有限公司 第七届董事会独立董事第五次专门会议 株洲中车时代电气股份有限公司 第七届董事会独立董事第五次专门会议决议 株洲中车时代电气股份有限公司（以下简称"公司"）第七届董 事会独立董事第五次专门会议于 2025 年 3 月 27 日在时代大厦 610 会 议室以现场方式举行。会议应到独立非执行董事 4 人，实到独立非执 行董事 4 人，符合《公司法》《公司章程》及公司《独立非执行董事工 作制度》的有关规定，会议由独立非执行董事林兆丰先生召集并主持。 会议同意将该议案有关 2024 年度的持续关连交易内容提交公司 董事会审议。 2、以 4 票同意、0 票弃权、0 票反对，审议通过了《关于本公司 2024 年度非经营性资金占用及其他关联资金往来情况的议案》。 独立非执行董事一致认为：公司管理层编制的汇总表在所有重大 方面均符合《上市公司监管指引第 8 号——上市公司资金往来、对外 担保的监管要求》《科创板上市公司自律监管指南第 7 号——年度报 告相关事项》的规定，如实反映了公司 2024 年度非经营性资金占用 及其他关联资金往来情况。 本次独立董事会议各位独立董事经过谨慎查询及讨论，通过决 ...

证券代码：688187（A 股） 证券简称：时代电气（A 股） 公告编号：2025- 010 证券代码： 3898（H 股） 证券简称:时代电气（H 股） 株洲中车时代电气股份有限公司 2024 年度利润分配方案公告 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、准确性和完整性依法承担法律责任。 重要内容提示： 每股分配比例：拟每股派发现金红利 1 元（含税），不进行资本公积金转 增股本，不送红股。 本次利润分配以实施股权登记日的株洲中车时代电气股份有限公司（以下 简称"公司"）的总股本为基数，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。 本次利润分配方案不会触及《上海证券交易所科创板股票上市规则（2024 年 4 月修订）》（以下简称《科创板股票上市规则》）第 12.9.1 条第一款第（八） 项规定的可能被实施其他风险警示的情形。 一、利润分配方案内容 （一）利润分配方案的具体内容 1 本次利润分配方案尚需提交公司 2024 年年度股东会审 ...

KPMG Huazhen LLP 8th Floor, KPMG Tower Oriental Plaza 1 East Chang An Avenue Beijing 100738 China Telephone +86 (10) 8508 5000 Fax +86 (10) 8518 5111 Internet kpmg.com/cn 三、 内部控制的固有局限性 内部控制具有固有局限性，存在不能防止和发现错报的可能性。此外，由于情况的变化 可能导致内部控制变得不恰当，或对控制政策和程序遵循的程度降低，根据内部控制审计结果 推测未来内部控制的有效性具有一定风险。 毕马威华振会计师事务所 (特殊普通合伙) 中国北京 东长安街 1 号 东方广场毕马威大楼 8 层 邮政编码:100738 电话 +86 (10) 8508 5000 传真 +86 (10) 8518 5111 网址 kpmg.com/cn 内部控制审计报告 毕马威华振审字第 2508227 号 株洲中车时代电气股份有限公司全体股东： 按照《企业内部控制审计指引》及中国注册会计师执业准则的相关要求，我们审计了株 洲中车时代电气股份有限公司（以下简称" ...

中国国际金融股份有限公司 关于株洲中车时代电气股份有限公司 2024 年度涉及财务公司关联交易的存款、贷款等金融业务的 专项核查意见 中国国际金融股份有限公司（以下简称"中金公司"或"保荐机构"）作为株洲中 车时代电气股份有限公司（以下简称"时代电气"或"公司"）首次公开发行股票并在 科创板上市的保荐机构，根据《证券发行上市保荐业务管理办法》《上海证券交易所科 创板股票上市规则》《关于规范上市公司与企业集团财务公司业务往来的通知》《上海 证券交易所上市公司自律监管指引第 5 号——交易与关联交易》以及《上海证券交易所 上市公司自律监管指引第 11 号——持续督导》等有关法律法规和规范性文件的要求， 对时代电气 2024 年度涉及中车财务有限公司（以下简称"中车财务公司"）关联交易 的存、贷款等金融业务事项进行了审慎核查，核查情况如下： 一、交易基本情况 （一）交易背景情况 为满足公司业务需求、优化公司财务管理，时代电气与中车财务公司于 2023 年 8 月签署《2023 年至 2024 年金融服务框架协议》，协议有效期自 2023 年 9 月 1 日起至 2024 年 8 月 31 日止，为期一年；2024 ...

中国国际金融股份有限公司 关于株洲中车时代电气股份有限公司 2024 年度募集资金存放与实际使用情况的核查意见 中国国际金融股份有限公司（以下简称"中金公司"或"保荐机构"）作为株洲中 车时代电气股份有限公司（以下简称"时代电气"或"公司"）首次公开发行股票并在 科创板上市的保荐机构，根据《证券发行上市保荐业务管理办法》《上市公司监管指引 第 2 号——上市公司募集资金管理和使用的监管要求》《上海证券交易所科创板股票上 市规则》《上海证券交易所科创板上市公司自律监管指引第 1 号——规范运作》等有关 法律法规和规范性文件的要求，对时代电气 2024 年度募集资金存放与实际使用情况进 行了专项核查，核查情况如下： 1 | 项目 | 金额 | | --- | --- | | 减：直接投入募投项目 | 5,286,407,250.80 | | 支付上市发行费用 | 12,556,977.30 | | 置换预先已投入募投项目的自筹资金 | 780,193,985.74 | | 置换预先支付上市发行费用 | 6,632,041.84 | | 加：募集资金利息收入扣减手续费净额 | 71,084,464.07 | | 用 ...

株洲中车时代电气股份有限公司 自 2024 年 1 月 1 日至 2024 年 12 月 31 日止年度财务报表 审计报告 KPMG Huazhen LLP 8th Floor, KPMG Tower Oriental Plaza 1 East Chang An Avenue Beijing 100738 China Telephone +86 (10) 8508 5000 Fax +86 (10) 8518 5111 Internet kpmg.com/cn 毕马威华振审字第 2508398 号 毕马威华振会计师事务所 (特殊普通合伙) 中国北京 东长安街 1 号 东方广场毕马威大楼 8 层 邮政编码:100738 电话 +86 (10) 8508 5000 传真 +86 (10) 8518 5111 网址 kpmg.com/cn 株洲中车时代电气股份有限公司全体股东： 一、审计意见 我们审计了后附的株洲中车时代电气股份有限公司 (以下简称"中车时代电气") 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 ...