Financial Performance - The company's revenue for Q1 2025 was CNY 301,672,910.35, representing a 14.32% increase compared to CNY 263,887,915.53 in the same period last year[4]. - Net profit attributable to shareholders decreased by 74.33% to CNY 7,663,175.54 from CNY 29,849,198.35 year-on-year[4]. - The net profit after deducting non-recurring gains and losses fell by 90.54% to CNY 1,264,846.05 compared to CNY 13,371,772.04 in the previous year[4]. - The basic earnings per share decreased by 73.68% to CNY 0.05 from CNY 0.19 in the same period last year[4]. - The company reported a net profit margin improvement, with net profit for Q1 2025 expected to reflect the growth in revenue and controlled costs[16]. - The net profit for the first quarter of 2025 was CNY 6,631,747.16, a significant decrease from CNY 29,849,198.35 in the same period of 2024, representing a decline of approximately 77.8%[18]. - Operating profit for the first quarter of 2025 was CNY 3,640,751.88, down from CNY 37,241,654.00 in the first quarter of 2024, indicating a decrease of about 90.2%[18]. - Total revenue from sales of goods and services in the first quarter of 2025 was CNY 139,840,717.34, slightly up from CNY 134,390,498.21 in the first quarter of 2024, reflecting a growth of approximately 4.1%[19]. Expenses and Costs - Research and development expenses totaled CNY 18,982,369.36, accounting for 6.29% of revenue, down from 6.90% in the previous year[4]. - The company incurred research and development expenses of CNY 18,982,369.36 in the first quarter of 2025, compared to CNY 18,206,523.68 in the first quarter of 2024, indicating an increase of about 4.3%[18]. - Total operating costs for Q1 2025 were RMB 296,306,221.37, up from RMB 240,256,779.23 in Q1 2024, reflecting a year-over-year increase of 23.4%[16]. - The financial expenses for the first quarter of 2025 were CNY 4,825,679.46, up from CNY 3,382,385.62 in the first quarter of 2024, representing an increase of approximately 42.8%[18]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 3,938,891,534.29, a decrease of 0.52% from CNY 3,959,655,725.47 at the end of the previous year[4]. - Total assets as of March 31, 2025, were RMB 3,938,891,534.29, a slight decrease from RMB 3,959,655,725.47 at the end of 2024[14]. - Total liabilities decreased to RMB 1,380,720,800.52 as of March 31, 2025, from RMB 1,409,047,649.01 at the end of 2024, a reduction of 2.0%[15]. - The company's equity attributable to shareholders increased to RMB 2,556,763,580.34 as of March 31, 2025, compared to RMB 2,548,169,494.65 at the end of 2024, an increase of 0.3%[15]. Cash Flow - The company reported a net cash flow from operating activities of -CNY 125,663,071.79, compared to -CNY 133,267,054.46 in the same period last year[4]. - The net cash flow from operating activities for the first quarter of 2025 was negative CNY 125,663,071.79, compared to negative CNY 133,267,054.46 in the first quarter of 2024, showing an improvement of about 5.4%[20]. - Cash and cash equivalents as of March 31, 2025, amounted to RMB 405,174,995.45, compared to RMB 300,014,865.67 at the end of 2024, representing a growth of 35.1%[13]. - Cash and cash equivalents at the end of the first quarter of 2025 amounted to CNY 294,176,740.74, a decrease from CNY 313,644,822.94 at the end of the first quarter of 2024[20]. - The company reported a total cash inflow from investment activities of CNY 192,591,790.14 in the first quarter of 2025, compared to CNY 76,783,549.94 in the same period of 2024, marking an increase of approximately 150.5%[20]. - The total cash outflow from investment activities in the first quarter of 2025 was CNY 77,172,075.97, compared to CNY 268,707,542.27 in the first quarter of 2024, indicating a decrease of about 71.3%[20]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 6,695[9]. - The weighted average return on equity was 0.30%, down 0.86 percentage points from 1.16% in the previous year[4]. Future Outlook - Future outlook indicates a focus on expanding market presence and enhancing product development to drive growth in subsequent quarters[16]. - The company experienced a significant decline in profitability due to underutilization of production capacity and increased unit costs[7].

证券代码：688308 证券简称：欧科亿 公告编号：2025-021 株洲欧科亿数控精密刀具股份有限公司 关于召开 2024 年度暨 2025 年第一季度业绩说明会的 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： 投资者可于 2025 年 04 月 30 日（星期三）至 05 月 09 日（星期五）16:00 前 登录上证路演中心网站首页点击"提问预征集"栏目或通过公司邮箱 oke_info@ oke-carbide.com 进行提问。公司将在说明会上对投资者普遍关注的问题进行回 答。 株洲欧科亿数控精密刀具股份有限公司（以下简称"公司"）已于 2025 年 4 月 26 日发布公司 2024 年年度报告，于 2025 年 4 月 29 日披露 2025 年第一季度 报告，为便于广大投资者更全面深入地了解公司 2024 年度以及 2025 年第一季度 经营成果、财务状况，公司计划于 2025 年 05 月 12 日（星期一）14:00-15:00 举行 2024 年度暨 2025 第一季度业绩说明会，就 ...

Financial Performance - The company reported a basic earnings per share of 0.0500 yuan for Q1 2025, a decrease of 73.68% compared to 0.1900 yuan in Q1 2024 [1] - Net profit for Q1 2025 was 0.08 billion yuan, down 73.33% from 0.3 billion yuan in Q1 2024 [1] - Revenue increased to 3.02 billion yuan in Q1 2025, reflecting a growth of 14.39% from 2.64 billion yuan in Q1 2024 [1] - The return on equity (ROE) dropped to 0.30% in Q1 2025, a decline of 74.14% from 1.16% in Q1 2024 [1] Shareholder Structure - The top ten unrestricted shareholders hold a total of 84.35 million shares, accounting for 53.12% of the circulating shares, with a decrease of 539,700 shares compared to the previous period [2] - Major shareholders include Yuan Meihe with 2,528.40 million shares (15.92%), and Greenmei Co., Ltd. with 1,652.35 million shares (10.41%), both showing no change [2] Dividend Policy - The company has decided not to distribute dividends or transfer shares this time [3]

Investment Rating - The investment rating for the company is "Accumulate" (maintained) [1] Core Views - The company achieved a revenue of 1.127 billion yuan in 2024, representing a year-on-year increase of 9.81%, while the net profit attributable to shareholders was 57.3 million yuan, down 65.48% year-on-year [2] - The decline in net profit is attributed to increased expenses and asset impairment losses, despite steady revenue growth [2][3] - The company continues to invest heavily in R&D, with R&D expenses reaching 86 million yuan in 2024, a year-on-year increase of 34.50% [5] Revenue and Profitability - In 2024, the company reported total revenue of 1.127 billion yuan, with a year-on-year growth of 9.81% [2] - The gross profit margin decreased to 22.66%, down 6.66 percentage points year-on-year, primarily due to rising raw material costs and lower production capacity utilization [3] - The net profit margin was 4.87%, a decline of 11.30 percentage points year-on-year, driven by increased operating expenses and asset impairment losses [3] Product Performance - The revenue from CNC tool products was 598 million yuan, up 3.35% year-on-year, while hard alloy products generated 501 million yuan, an increase of 12.50% [2] - Domestic revenue was 904 million yuan, a 2.28% increase, while international revenue surged to 209 million yuan, up 49.22% year-on-year, indicating successful overseas market expansion [2] Cash Flow and Inventory - The company's inventory increased to 631 million yuan, a rise of 27.70% year-on-year, due to higher raw material and finished goods stock [4] - Operating cash flow improved to 38 million yuan in 2024, compared to a negative 9 million yuan in 2023, indicating better collection of receivables [4] R&D Investment - The company maintained a high level of R&D investment, with R&D expenses accounting for 7.62% of total revenue [5] - The product matrix was expanded with over 4,470 new hard tools and more than 5,000 types of CNC blades and tool bodies introduced in 2024 [5]

Investment Rating - The report maintains an "Accumulate" rating for the company [2] Core Views - The company achieved a revenue of 1.127 billion yuan in 2024, representing a year-on-year increase of 9.81%, while the net profit attributable to shareholders was 57.3 million yuan, down 65.48% year-on-year [2] - The decline in net profit is attributed to increased expenses and asset impairment losses, despite steady revenue growth [3] - The company continues to invest heavily in research and development, with R&D expenses reaching 86 million yuan, a year-on-year increase of 34.50% [5] Revenue and Profitability - The company's total revenue for 2024 was 1.127 billion yuan, with a year-on-year growth of 9.81% [2] - The net profit attributable to shareholders for 2024 was 57.3 million yuan, reflecting a significant decline of 65.48% year-on-year [2] - The gross profit margin for 2024 was 22.66%, down 6.66 percentage points year-on-year [3] Product Performance - The revenue from CNC tool products was 598 million yuan, up 3.35% year-on-year, while hard alloy products generated 501 million yuan, an increase of 12.50% [2] - Domestic revenue was 904 million yuan, a year-on-year increase of 2.28%, while international revenue reached 209 million yuan, up 49.22% year-on-year, indicating successful overseas channel development [2] Cost and Expenses - The company's operating expenses increased, with the expense ratio rising to 18.06%, up 3.74 percentage points year-on-year [3] - The increase in management expenses was driven by higher employee compensation and depreciation of new R&D office buildings [3] Cash Flow and Inventory - As of the end of 2024, the company's inventory was 631 million yuan, a year-on-year increase of 27.70% [4] - The net cash flow from operating activities improved to 38 million yuan, compared to a negative 9 million yuan in 2023 [4] Research and Development - The company has maintained high R&D investment, with a total of 4470 new hard tool varieties and over 5000 varieties of CNC blades and tool bodies added in 2024 [5] - The total number of patents authorized in China reached 187, including 29 invention patents and 82 utility model patents [5] Financial Forecasts - The report forecasts a net profit of 104.82 million yuan for 2025, with a projected growth rate of 82.93% year-on-year [11] - The projected P/E ratios for the next few years are 25.83 for 2025, 18.25 for 2026, and 14.40 for 2027 [11]

Investment Rating - The report maintains a "Buy" rating for the company, anticipating a recovery in the tool industry due to national economic stimulus policies [5]. Core Insights - The company reported a revenue of 1.127 billion RMB for 2024, representing a year-on-year growth of 9.81%, while the net profit attributable to shareholders decreased by 65.48% to 57 million RMB [2]. - The hard alloy products segment showed resilience despite rising raw material costs, achieving a revenue of 501 million RMB, up 12.5% year-on-year, with a stable gross margin of 15.42% [3]. - The CNC tool business faced challenges with a revenue of 598 million RMB, a growth of 3.35%, but a significant decline in gross margin to 29.85%, down 10.57 percentage points year-on-year, attributed to increased raw material costs and a higher proportion of outsourced products [4]. - The tool industry is viewed as a priority sector for cyclical recovery, expected to benefit from improved profitability and performance growth alongside valuation recovery [4]. Summary by Sections Financial Performance - For 2024, the company achieved a revenue of 1.127 billion RMB, with a growth rate of 9.81%. The net profit was 57 million RMB, reflecting a decline of 65.48% [10]. - The projected net profits for 2025 to 2027 are 95 million RMB, 157 million RMB, and 219 million RMB, respectively, with corresponding P/E ratios of 28X, 17X, and 12X [5]. Business Segments - Hard alloy products generated 501 million RMB in revenue for 2024, with a gross margin of 15.42%, indicating a slight improvement despite raw material price increases [3]. - CNC tools generated 598 million RMB in revenue, but the gross margin fell to 29.85%, primarily due to rising material costs and increased reliance on lower-margin outsourced products [4]. Market Outlook - The report suggests that the tool industry will be a key area for cyclical recovery, benefiting from government fiscal policies aimed at stimulating the economy [4].

Group 1 - The company has announced the remuneration plan for directors, supervisors, and senior management for the year 2025, effective from January 1 to December 31, 2025 [1][5] - Independent directors will receive an annual allowance of RMB 60,000, paid quarterly [1][6] - Non-independent directors will receive remuneration based on their positions and performance evaluations, with no additional director allowance [2][3] Group 2 - The company has proposed to reappoint the accounting firm, Zhihong Certified Public Accountants, for the 2025 annual audit, with the decision pending approval at the 2024 annual shareholders' meeting [9][18] - Zhihong CPA has a workforce of nearly 6,000, including 1,359 registered accountants, and reported a revenue of RMB 2.703 billion in 2023, with RMB 2.205 billion from audit services [9][10] - The audit committee has reviewed and approved the reappointment, citing the firm's professional competence and commitment to independent auditing [16][18] Group 3 - The company has decided to cancel the unvested restricted stock from the 2022 incentive plan due to unmet performance conditions for the third vesting period, which required a 60% growth in net profit from 2021 to 2024 [26][28] - The cancellation of the restricted stock will not materially affect the company's financial status or management stability [27][28] - The decision aligns with the regulations of the stock incentive management measures and does not harm the interests of the company or its shareholders [28][29] Group 4 - The company has approved the provision for asset impairment for the year 2024, amounting to a total of RMB 17.903 million, which includes RMB 4.031 million for credit impairment losses [31][33] - The impairment provision reflects a comprehensive assessment of the company's assets to ensure accurate financial reporting [31][34] - The impairment will impact the consolidated profit before tax by RMB 21.934 million [33] Group 5 - The company has announced a change in accounting policies in accordance with the Ministry of Finance's new interpretations, effective from January 1, 2024, which will not affect previously disclosed financial statements [37][38] - The changes include adjustments related to the classification of current and non-current liabilities and the accounting treatment of certain transactions [38][40] - The company confirms that the changes comply with relevant laws and regulations and will not harm the interests of the company or its shareholders [42] Group 6 - The company has scheduled its 2024 annual shareholders' meeting for May 22, 2025, with both on-site and online voting options available [44][49] - Shareholders must register to attend the meeting, and specific procedures for voting and attendance have been outlined [56][59] - The meeting will address various proposals that have been previously approved by the board and supervisory committee [50][51]

Group 1 - The core viewpoint of the news is the disclosure of shareholding information for 欧科亿 (688308.SH) as of April 25, 2025, highlighting the involvement of institutional investors and changes in their holdings [1] - A total of 76 institutional investors hold shares in 欧科亿, with a combined holding of 53.99 million shares, representing 34.00% of the total share capital [1] - The top ten institutional investors account for 29.13% of the total shares, with a decrease of 1.24 percentage points compared to the previous quarter [1] Group 2 - In the public fund sector, four funds reported a decrease in holdings compared to the previous quarter, with a total reduction rate of 0.61% [2] - A total of 64 new public funds were disclosed during this period, including 南方科创板3年定开混合 and 华夏创新未来混合(LOF) [2] - Four public funds were not disclosed in the current period, including 易方达岁丰添利债券(LOF)A and 尚正正鑫混合发起A [2]

株洲欧科亿数控精密刀具股份有限公司 董事会审计委员会2024年度履职情况报告 株洲欧科亿数控精密刀具股份有限公司（以下简称"公司"）审计委员会根 据《上市公司治理准则》《上海证券交易所科创板股票上市规则》《公司章程》 和公司《审计委员会工作细则》的有关规定，本着勤勉尽职的原则，认真履行监 督的职责。现就2024年度的履职情况报告如下： 一、审计委员会基本情况 公司第三届董事会审计委员会成员为欧阳祖友先生、穆猛刚先生、查国兵先 生，欧阳祖友先生担任审计委员会召集人。 （一）监督及评估内部控制的有效性 报告期内，董事会审计委员会根据《企业内部控制基本规范》和上海证券交 易所《上市公司内部控制指引》等规定，结合公司实际情况，认真审阅了公司内 部控制评价报告，认为公司已建立较为规范、健全的内部控制体系，能够保证内 部控制制度的完整性、合理性及实施的有效性，能够有效防范化解经营风险，切 实保障公司及全体股东的合法权益。 （二）审阅公司财务报告 报告期内，审计委员会认真审阅公司定期报告，认为公司定期报告真实、准 确、完整，不存在虚假记载、误导性陈述和重大遗漏的情形，能公允地反映公司 的财务状况和经营成果，公司不存在重大会 ...

证券代码：688308 证券简称：欧科亿 公告编号：2025-018 株洲欧科亿数控精密刀具股份有限公司 关于 2024 年度计提资产减值准备的公告 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、准确性和完整性依法承担法律责任。 株洲欧科亿数控精密刀具股份有限公司（以下简称"公司"）于 2025 年 4 月 24 日召开第三届董事会第十二次会议、第三届监事会第九次会议，分别审议通过了《关 于 2024 年度计提资产减值准备的议案》。本次计提资产减值准备事项在公司董事会 权限范围内，无需提交公司股东大会审议，现将有关情况公告如下： （一）信用减值损失 公司以预期信用损失为基础，对应收票据、应收账款和其他应收款进行减值测 试并计提减值准备。经测试，2024 年度需计提信用减值损失金额共计 4,030,575.57 元。公司信用减值损失计提金额增加的原因主要为新增应收账款增加且部分原有款 项账龄变化使坏账损失的计提比例提高，从而使对应的坏账准备计提金额增大。 一、本次计提资产减值准备情况概述 根据《企业会计准则》等相关规定的要求，为真实、准确地反映公司的资产状 ...