浙商证券股份有限公司 关于海南金盘智能科技股份有限公司 2024 年半年度持续督导跟踪报告 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》等有关法律、法规的规定，浙商证券股份有限公司（以下简称"浙商证券" 或"保荐机构"）作为海南金盘智能科技股份有限公司（以下简称"金盘科技" 或"公司"）持续督导工作的保荐机构，负责金盘科技的持续督导工作，并出具 本持续督导跟踪报告。 一、持续督导工作情况 | 序号 | 工作内容 | 持续督导情况 | | --- | --- | --- | | 1 | 建立健全并有效执行持续督导工作制度，并针对具体的 | 保荐机构已建立健全并有效 | | | | 执行了持续督导制度，并制定 | | | 持续督导工作制定相应的工作计划 | 了相应的工作计划 | | 2 | 根据中国证监会相关规定，在持续督导工作开始前，与 | 保荐机构已与金盘科技签订 | | | 上市公司或相关当事人签署持续督导协议，明确双方在 | 《保荐协议》，已明确双方在 | | | 持续督导期间的权利义务，并报上海证券交易所备案 | 持续督导期间的权利和义务， | | | | 并已报上海证券交 ...

证券代码：688676 证券简称：金盘科技 公告编号：2024-077 海南金盘智能科技股份有限公司 2024 年第一次临时股东大会决议公告 本公司董事会及全体董事保证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： 本次会议是否有被否决议案：无 一、 会议召开和出席情况 （一） 股东大会召开的时间：2024 年 8 月 27 日 （二） 股东大会召开的地点：海南省海口市南海大道 168-39 号公司会议室 （三） 出席会议的普通股股东、特别表决权股东、恢复表决权的优先股股东及 其持有表决权数量的情况： | 1、出席会议的股东和代理人人数 | 195 | | --- | --- | | 普通股股东人数 | 195 | | 2、出席会议的股东所持有的表决权数量 | 295,342,332 | | 普通股股东所持有表决权数量 | 295,342,332 | | 3、出席会议的股东所持有表决权数量占公司表决权数量的比例 | 64.9312 | | （%） | | | 普通股股东所持有表决权数量占公司表决权数量的比例（%） | 64.9312 ...

北京市金杜（深圳）律师事务所 关于海南金盘智能科技股份有限公司 2024 年第一次临时股东大会的法律意见书 致：海南金盘智能科技股份有限公司 北京市金杜（深圳）律师事务所（以下简称本所）接受海南金盘智能科技股 份有限公司（以下简称公司）的委托，根据《中华人民共和国证券法（2019 修 订）》（以下简称《证券法》）、《中华人民共和国公司法（2023 修订）》（以 下简称《公司法》）、中国证券监督管理委员会《上市公司股东大会规则（2022 年修订）》（以下简称《股东大会规则》）等中华人民共和国境内（以下简称中 国境内，为本法律意见书之目的，不包括中国香港特别行政区、中国澳门特别行 政区和中国台湾地区）现行有效的法律、行政法规、规章、规范性文件和现行有 效的《海南金盘智能科技股份有限公司章程》（以下简称《公司章程》）的规定， 指派律师出席了公司于 2024 年 8 月 27 日召开的 2024 年第一次临时股东大会 （以下简称本次股东大会），并就本次股东大会相关事项出具本法律意见书。 为出具本法律意见书，本所律师审查了公司提供的以下文件，包括但不限于： 1．经公司 2023 年第二次临时股东大会审议通过的《公司章程 ...

Investment Rating - The report maintains a "Buy" rating for the company, with a target price based on the last closing price of 32.71 [1][3]. Core Insights - The company reported a steady growth in its 2024 H1 performance, with revenue reaching 29.16 billion, a year-on-year increase of 0.79%. The net profit attributable to shareholders was 2.22 billion, up 16.43% year-on-year, while the non-recurring net profit was 2.12 billion, reflecting a 13.28% increase [2][3]. - The overseas revenue showed significant growth, with H1 overseas income at 7.91 billion, accounting for 27% of total revenue, marking a 9 percentage point increase year-on-year [2][3]. - The company’s gross profit margin for H1 was 23.36%, an increase of 1.60 percentage points year-on-year, while the net profit margin was 7.55%, up 0.95 percentage points year-on-year [2][3]. Summary by Sections Financial Performance - In 2024 H1, the company achieved a revenue of 29.16 billion, with a net profit of 2.22 billion, and a non-recurring net profit of 2.12 billion. The Q2 revenue was 16.11 billion, showing a 0.94% year-on-year increase and a 23.50% quarter-on-quarter increase [2][3]. - The gross profit margin for Q2 was 21.71%, down 3.67 percentage points quarter-on-quarter, while the net profit margin was 7.87%, reflecting a year-on-year increase of 1.37 percentage points [2][3]. Business Segments - The company’s revenue from the power transmission and transformation business was 25.45 billion in H1, down 9.23% year-on-year, primarily due to a decline in revenue from the new energy sector. However, the energy storage revenue surged by 287.15% year-on-year, with a gross margin of 12.08% [2][3]. - The digital solutions segment generated 0.71 billion in revenue, with a gross margin of 16.18%, indicating a positive trend in non-new energy sectors [2][3]. Order Backlog - As of June 30, 2024, the company had an order backlog of 65.6 billion (excluding tax), a year-on-year increase of 29.88%. The domestic order backlog was 37.1 billion, while the foreign order backlog was 28.5 billion, reflecting a substantial year-on-year increase of 180.16% [2][3]. Future Projections - The company’s revenue projections for 2024-2026 are 75.90 billion, 95.19 billion, and 115.17 billion, with year-on-year growth rates of 13.83%, 25.43%, and 20.98% respectively. The net profit projections for the same period are 6.67 billion, 9.02 billion, and 11.40 billion, with growth rates of 32.19%, 35.26%, and 26.36% respectively [4][3].

Investment Rating - The report maintains a "Buy" rating for the company, with a target price based on the last closing price of 32.71 [1][3]. Core Insights - The company reported a steady growth in its 2024 H1 performance, with revenue reaching 29.16 billion, a year-on-year increase of 0.79%. The net profit attributable to shareholders was 2.22 billion, up 16.43% year-on-year, while the non-recurring net profit was 2.12 billion, reflecting a 13.28% increase [2][3]. - The overseas revenue showed significant growth, contributing to the overall performance, while domestic revenue experienced a slight decline due to the impact of the new energy sector [2][3]. - The company has a robust order backlog of 65.6 billion as of June 30, 2024, representing a year-on-year increase of 29.88%, with a notable rise in overseas orders [2][3]. Financial Summary - For 2024, the company expects revenues of 75.90 billion, 95.19 billion, and 115.17 billion for the years 2024, 2025, and 2026, respectively, with year-on-year growth rates of 13.83%, 25.43%, and 20.98% [4][5]. - The net profit for the same years is projected to be 6.67 billion, 9.02 billion, and 11.40 billion, with growth rates of 32.19%, 35.26%, and 26.36% [4][5]. - The earnings per share (EPS) are expected to be 1.46, 1.97, and 2.50 for the years 2024, 2025, and 2026, respectively, with corresponding price-to-earnings (PE) ratios of 22, 16, and 13 [3][4].

Investment Rating - The report maintains a "Buy" rating for the company, with a target price indicating a potential upside of over 20% within the next six months [6]. Core Views - The company reported a revenue of 2.92 billion yuan for the first half of 2024, a year-on-year increase of 1%, and a net profit attributable to the parent company of 222 million yuan, up 16% year-on-year [1]. - The gross margin improved to 23.4%, an increase of 1.6 percentage points year-on-year, driven by a higher proportion of quality customers and orders [1]. - The company has a strong competitive advantage in overseas markets, with foreign sales orders increasing by 180% year-on-year, contributing to 43% of total orders [3][4]. Revenue Breakdown - For the first half of 2024, foreign sales revenue reached 790 million yuan, a significant increase of 48.5% year-on-year, while domestic sales revenue was 2.11 billion yuan, down 10% year-on-year due to a 19% decline in domestic new energy-related revenue [2]. - In terms of downstream markets, revenue from non-new energy infrastructure increased by 105%, while power generation and supply sales rose by 67% [2]. Order Backlog - As of the end of the first half of 2024, the company had an order backlog of 6.56 billion yuan (excluding tax), representing a year-on-year increase of 30% [3]. Financial Forecasts - The revenue forecasts for 2024 and 2025 have been adjusted to 8.2 billion yuan and 10.8 billion yuan, respectively, reflecting year-on-year growth of 23% and 32% [4]. - The net profit attributable to the parent company is projected to be 680 million yuan and 1 billion yuan for 2024 and 2025, respectively, with year-on-year growth rates of 34% and 48% [4]. Valuation Metrics - The current market capitalization corresponds to a price-to-earnings (P/E) ratio of 22, 15, and 11 for the years 2024, 2025, and 2026, respectively [5].

海南金盘智能科技股份有限公司 2024 年第一次临时股东大会会议资料 海南金盘智能科技股份有限公司 2024 年第一次临时股东大会会议资料 股票简称：金盘科技 股票代码：688676 为了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 大会的顺利进行，根据《中华人民共和国公司法》、《中华人民共和国证券法》、 《上市公司股东大会规则》以及《海南金盘智能科技股份有限公司章程》、《海 南金盘智能科技股份有限公司股东大会议事规则》的相关规定，特制定 2024 年 第一次临时股东大会会议须知： 一、为确认出席大会的股东或股东代表或其他出席者的出席资格，会议工作 人员将对出席会议者的身份进行必要的核对工作，请被核对者给予配合。 二、为保证本次股东大会的严肃性和正常秩序，切实维护与会股东的合法权 益，除出席会议的股东（或股东代表）、公司董事、监事、高级管理人员、见证 律师以及董事会邀请的人员外，公司有权拒绝其他人员进入会场。 三、诚请出席大会的股东或股东代表或其他出席者于会议召开前半小时到 达会议现场办理签到、确认参会资格的手续，并出示证券账户卡、身份证明文件 或营业执照/注册证书复印件（加盖公章）、授权委 ...

Summary of Conference Call Company/Industry Involved - The conference call involves Dongwu Telecom and Jinpan Technology Core Points and Arguments - The call is structured to provide deep updates on the companies involved, specifically targeting institutional investors and invited clients [1] - The call emphasizes that the opinions expressed by third-party experts are personal and do not necessarily reflect the views of Dongwu Securities [1] Other Important but Possibly Overlooked Content - The call begins with a reminder that all participant accounts are muted, indicating a formal structure to the meeting [1] - The initial part of the call includes a polling statement, suggesting an interactive element to gauge audience sentiment or understanding [1]

Investment Rating - The report maintains a "Buy" rating for the company, indicating that the stock price is expected to outperform the benchmark index by more than 20% [5][14]. Core Views - The company is experiencing significant growth in overseas revenue, which offsets domestic pressures. In the first half of 2024, the company's export revenue increased by approximately 49%, while domestic sales decreased by about 10% [4]. - The company has a robust order backlog of approximately 6.56 billion yuan, a year-on-year increase of about 30%. The export orders have surged by approximately 180% [4]. - The company is advancing its global capacity expansion, with significant production increases in Mexico and Poland, which are expected to support future market expansion [4]. Summary by Relevant Sections Financial Performance - For 2023, the company reported revenue of 6,668 million yuan, with a year-on-year growth rate of 40.5%. The net profit attributable to the parent company was 505 million yuan, reflecting a growth rate of 78.2% [2]. - The projected revenues for 2024, 2025, and 2026 are 9,011 million yuan, 11,871 million yuan, and 14,438 million yuan, respectively, with corresponding net profits of 780 million yuan, 1,104 million yuan, and 1,411 million yuan [2][5]. Market Strategy - The company is focusing on a dual-driven development strategy, enhancing domestic market efforts while exploring overseas market potential to strengthen its global competitiveness [4]. - The company’s transformer and energy storage businesses are expected to benefit directly from industry developments related to renewable energy consumption and grid construction [5]. Valuation Metrics - The projected price-to-earnings (P/E) ratios for 2024, 2025, and 2026 are 21.20, 14.98, and 11.72, respectively, indicating a favorable valuation outlook [2][5].

Investment Rating - The investment rating for the company is "Outperform the Market" and is maintained [1] Core Views - The report highlights strong growth in overseas business orders and continuous improvement in profitability [4] - The company's net profit attributable to shareholders for Q3 2023 was 1.42 billion yuan, representing a year-on-year increase of 96% [1] Financial Performance Summary - In H1 2024, the company's revenue was 2.916 billion yuan, up 0.79% year-on-year, with a net profit of 222 million yuan, reflecting a 16.43% increase year-on-year [4] - The gross profit margin for H1 2024 was 23.36%, an increase of 1.6 percentage points year-on-year, while the net profit margin was 7.55%, up 0.95 percentage points year-on-year [4] - The company reported a significant increase in overseas sales revenue, which reached 790 million yuan, a year-on-year increase of 48.53%, accounting for 27.3% of total sales [4] Order and Market Expansion - As of June 2024, the company had a backlog of orders worth 6.56 billion yuan, a year-on-year increase of 29.88%, with overseas orders amounting to 2.849 billion yuan, up 180.16% year-on-year [4] - The company is preparing for capacity expansion in Mexico and the United States and has established a factory in Poland along with a European sales and after-sales service headquarters [4] Profitability Forecast and Valuation - The forecast for net profit attributable to shareholders is 666 million yuan for 2024 and 916 million yuan for 2025, with corresponding EPS of 1.46 yuan and 2.00 yuan per share [5] - The report suggests a reasonable valuation range of 36.5 to 43.8 yuan based on a PE ratio of 25-30X for 2024, considering the company's leading position in the dry transformer sector and the potential for overseas business growth [5]