证券代码：688697 证券简称：纽威数控 纽威数控装备（苏州）股份有限公司 投资者关系活动记录表 编 号：2024-004 投资者关系 ☑特定对象调研 □分析师会议 活动类别 □媒体采访 □业绩说明会 □新闻发布会 □路演活动 ☑现场参观 □电话会议 □其 他 （请文字说明其他活动内容） “我是股东-银泰证券走进上市公司” 参与单位名称 银泰证券投资顾问：周伟、朱若愚、张洪民、魏斯隽、郑峰、浦兆 灿、易艳、薛瑶、王桢翀 及人员姓名 个人投资者：柴剑虹、曹建平、王慧丽、谈国春、郭海峰、孙亚新、 贾洪平、管建华、罗静波、江月英、姜民、赵文选、顾虎楠、乔天 ...

Financial Performance - 2023 revenue reached 2.321 billion yuan, a year-on-year increase of 25.76% [3] - 2023 net profit attributable to parent company was 318 million yuan, a year-on-year increase of 21.13% [3] - Q1 2024 revenue was 549 million yuan, a year-on-year increase of 3.96% [3] - Q1 2024 net profit attributable to parent company was 69.5514 million yuan, a year-on-year decrease of 3.03% [3] Order and Market Conditions - Current order intake is stable with sufficient orders on hand [3] - Downstream industries are generally in a recovery phase, with aerospace, general machinery, construction machinery, and petroleum valve industries performing relatively well [4] Overseas Business - Overseas market demand has shown significant growth [4] - Overseas business gross margin increased by 3.58 percentage points in 2023 due to refined management and improved brand recognition [4] Product Development - VD650L vertical machining center features linear motor drive and mineral casting bed, suitable for high-precision parts processing in new energy, electronics, medical, and mold industries [5] - 2024 R&D focus includes high-end turning-milling compound machining centers, high-performance CNC vertical turning centers, precision vertical machining centers, high-performance five-axis horizontal machining centers, and high-speed gantry machining centers [6] Strategic Direction - Company adheres to a comprehensive product development strategy, balancing development across various CNC machine series to mitigate industry fluctuations [5] - Future product development will focus on high speed, high precision, high efficiency, intelligence, and environmental friendliness [5]

Financial Performance - The company's operating revenue for 2023 reached CNY 2,321,036,869.98, representing a year-on-year increase of 25.76% compared to CNY 1,845,571,232.25 in 2022[24]. - The net profit attributable to shareholders for 2023 was CNY 317,646,506.17, up 21.13% from CNY 262,232,192.44 in the previous year[24]. - The net profit after deducting non-recurring gains and losses was CNY 275,892,899.29, reflecting a 24.57% increase from CNY 221,471,553.85 in 2022[24]. - Cash flow from operating activities for 2023 was CNY 351,300,894.79, an increase of 38.89% compared to CNY 252,932,718.27 in 2022[24]. - The company's total assets as of the end of 2023 were CNY 3,652,773,240.07, a 12.41% increase from CNY 3,249,628,414.07 at the end of 2022[24]. - The net assets attributable to shareholders increased to CNY 1,607,471,555.57, up 13.14% from CNY 1,420,842,647.62 in 2022[24]. - The basic earnings per share for 2023 were CNY 0.97, representing a 21.25% increase from CNY 0.80 in 2022[25]. - The company's main business revenue from sales accounted for 70.92% of total revenue during the reporting period[95]. - The gross profit margin decreased by 1.03 percentage points, primarily due to intensified competition in the domestic market[107]. - The total revenue from domestic sales was 160,419.62 million, with a gross profit margin of 24.14%, reflecting a year-on-year decrease of 3.14 percentage points[106]. - The total revenue from overseas sales reached 70,469.31 million, with a gross profit margin of 31.35%, marking a year-on-year increase of 3.58 percentage points[106]. Research and Development - The company has a workforce of 1,241 employees, including 251 research and development personnel[34]. - The company focuses on R&D innovation in the CNC machine tool sector, expanding production capacity and accelerating new product development[34]. - The company has established a sustainable technology innovation mechanism, planning new product development projects annually[34]. - The company has developed specialized machine tools for the new energy vehicle industry, focusing on high efficiency and precision for large aluminum alloy parts[50]. - The R&D department is responsible for developing new products, technologies, and processes, as well as setting technical standards and supporting mass production[53]. - The company has developed 9 major R&D projects, including national technology major projects, enhancing precision, efficiency, and reliability of CNC machine tools[89]. - The company holds a total of 212 patents, including 19 invention patents and 39 software copyrights[89]. - The company has invested RMB 562.73 million in environmental protection during the reporting period[184]. - The company has a strong reliance on a few suppliers, with over 50% of procurement from a single supplier and the introduction of a new supplier among the top five[120]. Corporate Governance - The board of directors has confirmed that all members attended the board meeting, ensuring governance compliance[4]. - The company does not have any special arrangements for corporate governance[7]. - The company has not violated any decision-making procedures regarding external guarantees[7]. - The company emphasizes the importance of independent directors' opinions in the profit distribution decision-making process[172]. - The company has maintained a consistent approach to remuneration based on industry standards and operational performance[152]. - The company continues to expand its leadership team with individuals holding significant roles in various subsidiaries and related entities[150]. - The company is actively involved in strategic committees, including Audit, Nomination, Compensation, and Strategy Committees, to enhance governance[159]. - There were no penalties imposed by securities regulatory authorities in the past three years, indicating compliance and good standing[155]. Environmental Sustainability - The company has invested in advanced pollution control facilities, including a washing tower and catalytic combustion systems, to treat emissions effectively[189]. - The company has established an emergency response plan for environmental incidents, which was submitted to the relevant environmental protection authority for record-keeping[193]. - The company has implemented a comprehensive waste management strategy, adhering to standards for both general industrial solid waste and hazardous waste, to prevent secondary pollution[189]. - The company has reported no production wastewater generation during its manufacturing processes, highlighting its commitment to environmental sustainability[189]. - The company has established a dedicated EHS management team to oversee environmental protection and compliance with relevant laws and regulations[199]. - The company has developed and strictly follows environmental management procedures, including pollutant control and chemical management[199]. - The company has replaced diesel forklifts with electric ones to further reduce greenhouse gas emissions[197]. - The company has implemented measures to enhance the efficiency of its operations, contributing to its overall sustainability goals[200]. Market Expansion and Strategy - The company has actively expanded into overseas markets, resulting in an increased proportion of overseas revenue contributing to overall growth[24]. - The company plans to expand its market presence in Southeast Asia, targeting a 15% market share by the end of 2024[149]. - The company aims to enhance its position in the intelligent manufacturing market by focusing on independent research and technological innovation[134]. - The company will expand its marketing efforts in both domestic high-end CNC machine tool markets and overseas markets, establishing a nationwide marketing service network[136]. - The company is investing 100 million yuan in R&D for new technologies aimed at improving automation in manufacturing processes[149]. Profit Distribution - The proposed profit distribution plan for 2023 includes a cash dividend of RMB 6.00 per 10 shares, totaling RMB 196,000,020.00, which accounts for 61.70% of the net profit attributable to shareholders[5]. - The cash dividend proposal is subject to approval at the annual general meeting of shareholders[175]. - The company has established a clear cash dividend policy and has ensured that minority shareholders have the opportunity to express their opinions[176]. - The company has outlined conditions under which it may refrain from profit distribution, including negative operating cash flow and high debt ratios[172]. - The company will conduct annual profit distributions, primarily through cash dividends, contingent on meeting specific financial conditions[170]. Employee and Management - The company has a total of 1,241 employees, with 1,239 in the parent company and 2 in major subsidiaries[165]. - The employee composition includes 691 production personnel, 230 sales personnel, 251 technical personnel, 10 financial personnel, and 59 administrative personnel[165]. - The company has established a competitive compensation strategy to attract and motivate talent, ensuring alignment with strategic goals[167]. - Total remuneration for all directors, supervisors, and senior management at the end of the reporting period amounted to CNY 1,094.80 million[154]. - Total remuneration for core technical personnel at the end of the reporting period was CNY 270.00 million[154]. - The average salary of R&D personnel is RMB 25.74 million, slightly down from RMB 26.22 million in the previous year[88]. Risk Management - The company has detailed various risks and countermeasures in its annual report, emphasizing the importance of risk awareness for investors[6]. - The report includes a forward-looking statement risk declaration, indicating that future plans do not constitute a commitment to investors[6]. - The company faces risks related to reliance on imported core components, which may affect production stability and cost competitiveness[96].

证券代码：688697 证券简称：纽威数控 纽威数控装备（苏州）股份有限公司 投资者关系活动记录表 编 号：2024-002 投资者关系 ☑特定对象调研 □分析师会议 活动类别 □媒体采访 ☑业绩说明会 □新闻发布会 □路演活动 □现场参观 □电话会议 □其 他 （请文字说明其他活动内容） 参与单位名称 中银国际证券 陶波 天弘基金 陈祥 及人员姓名 信达澳银基金 杨宇 ...

证券代码：688697 证券简称：纽威数控 公告编号：2024-014 纽威数控装备（苏州）股份有限公司 关于 2023 年年度报告的信息披露监管问询函 回复的公告 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。 2024 年 4 月 16 日，纽威数控装备（苏州）股份有限公司（以下简称"纽威 数控"、"公司"）收到上海证券交易所科创板公司管理部下发的《关于纽威数控 装备（苏州）股份有限公司 2023 年年度报告的信息披露监管问询函》（上证科创 公函[2024]0061 号），以下简称《问询函》）。根据《问询函》要求，公司与中信建 投证券股份有限公司（以下简称"中信建投证券"或"保荐机构"）、天衡会计师 事务所（特殊普通合伙）（以下简称"年审会计师"、"会计师"）对《问询函》所 列问题进行了逐项核查、落实，现将《问询函》所涉及问题回复如下。 本回复中部分合计数与各项目直接相加之和可能存在尾数差异，这些差异是 由四舍五入造成的。 问题一、关于业绩变动 1、年报显示，2023 年，公司实现营业收入 232,103.69 万元， ...

关于纽威数控装备(苏州)股份有限公司 2023 年年报问询函专项核查说明 天衡会计师事务所(特殊普通合伙) and the state 关于纽威数控装备(苏州) 股份有限公司 2023 年年报问询函专项核查说明 上海证券交易所科创板公司管理部: 本所于 2024 年 4 月 16 日收到纽威数控装备(苏州)股份有限公司 (以下简称"纽威数 控"、或"公司")转来的贵部《关于对纽威数控装备〈苏州〉股份有限公司 2023 年年度 报告的信息披露监管问询函》(上证科创公函[2024]0061 号),其中要求本所对纽威数控部 分问询内容出具核查意见。本所结合年报审计过程中获取的审计证据,现将核查情况说明如 下: 本回复中部分合计数与各项目直接相加之和可能存在尾数差异,这些差异是由四舍五 入造成的。 问题一、关于业绩变动 1、年报显示,2023年,公司实现营业收入 232,103.69 万元,同比增长 25.76%;实现 归属于母公司股东的净利润 31,764.65 万元,同比增长 21.13%。2023 年,公司前五大客户 中,客户 C 为新增客户,前五大供应商中,不存在新增供应商情形。请公司:(1)说明报 告期公司 ...

1、年报显示，2023 年，公司实现营业收入 232,103.69 万元，同比增长 25.76%； 实现归属于母公司股东的净利润 31,764.65 万元，同比增长 21.13%。2023 年， 公司前五大客户中，客户 C 为新增客户，前五大供应商中，不存在新增供应商 情形。请公司：（1）说明报告期公司收入、净利润、毛利率、人均产值的变动 与同行业可比公司的比较情况，以及存在较大差异的原因；（2）补充披露报告 期前十大客户、前十大供应商的变动情况，是否与公司存在关联关系，并说明 报告期新增客户、供应商的交易内容、对应产品的竞争优势，交易价格与其他 客户、供应商是否存在显著差异。请保荐机构、年审会计师核查并发表明确意 见。 【回复】 一、说明报告期公司收入、净利润、毛利率、人均产值的变动与同行业可 比公司的比较情况，以及存在较大差异的原因 （一）收入、净利润、毛利率情况 中信建投证券股份有限公司 关于纽威数控装备（苏州）股份有限公司 2023 年年度报告的信息披露监管问询函回复的核查意见 中信建投证券股份有限公司（以下简称"中信建投证券"或"保荐机构"） 作为纽威数控装备（苏州）股份有限公司（以下简称"纽威数控 ...

Investment Rating - The report assigns an "Overweight" rating to Neway CNC (688697 SH) for the first time [1][4] Core Views - Neway CNC's operating performance continues to grow, with active expansion in overseas markets [1] - The company's revenue in 2023 maintained a good growth rate, with overseas sales revenue doubling year-on-year [1] - The company is strengthening its R&D and technological innovation, with R&D investment accounting for 4 39% of total revenue in 2023 [32] - The company's fourth-phase high-end intelligent CNC equipment and core functional components project is nearing completion and is expected to be operational by 2025 [2] Financial Performance - Revenue in 2023 was RMB 2 321 billion, a year-on-year increase of 25 76% [31] - Net profit attributable to the parent company in 2023 was RMB 318 million, a year-on-year increase of 21 13% [31] - Revenue from large machining centers in 2023 was RMB 959 million, a year-on-year increase of 14 98%, with a gross margin of 24 47% [1] - Revenue from vertical CNC machine tools in 2023 was RMB 646 million, a year-on-year increase of 29 72%, with a gross margin of 25 28% [1] - Revenue from horizontal CNC machine tools in 2023 was RMB 692 million, a year-on-year increase of 41 83%, with a gross margin of 30 20% [1] - Domestic sales revenue in 2023 was RMB 1 604 billion, a year-on-year increase of 6 66% [1] - Overseas sales revenue in 2023 was RMB 705 million, a year-on-year increase of 112 99% [1] Future Projections - Revenue is expected to grow to RMB 2 747 billion in 2024, RMB 3 222 billion in 2025, and RMB 3 737 billion in 2026 [1] - Net profit attributable to the parent company is expected to be RMB 370 million in 2024, RMB 447 million in 2025, and RMB 533 million in 2026 [4] - EPS is expected to be RMB 1 13 in 2024, RMB 1 37 in 2025, and RMB 1 63 in 2026 [4] - P/E ratio is expected to be 17 3x in 2024, 14 3x in 2025, and 12 0x in 2026 [4] Industry and Market Position - Neway CNC operates in the machinery industry, specializing in the R&D, production, and sales of medium and high-end CNC machine tools [1][32] - The company has undertaken 9 national major scientific and technological projects, improving the overall performance of CNC machine tools and narrowing the technological gap with international leading levels [32] Capital and Investment Projects - The company raised RMB 572 million in net proceeds from its IPO in September 2021, with RMB 490 million invested by the end of 2023, achieving an investment progress of 85 57% [2] - The third-phase mid-to-high-end CNC machine tool industrialization project is expected to add 2,000 CNC machine tools annually upon completion [2] - The fourth-phase high-end intelligent CNC equipment and core functional components project is expected to provide 60,000 square meters of intelligent production workshops and supporting facilities [2]

证券代码：688697 证券简称：纽威数控 公告编号：2024-013 纽威数控装备（苏州）股份有限公司 关于召开 2023 年度暨 2024 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个别及连带责任。 会议召开方式：上证路演中心网络互动 投资者可于 2024 年 05 月 08 日(星期三) 至 05 月 14 日(星期 二)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 skdshbgs@neway.com.cn 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。 纽威数控装备（苏州）股份有限公司（以下简称"公司"）已于 2024 年 03 月 26 日发布公司 2023 年度报告，并于 2024 年 4 月 26 日发布 了 2024 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 2023年度及2024年第一季度的经营成果、财务状况，公司计划于 2024 年 05 月 15 日 上午 09:00-10:00 举行 2023 年度暨 2024 年第一季度 ...

Investment Rating - The report maintains a "Buy" rating for the company, citing its better-than-industry performance and potential for high growth driven by overseas revenue expansion and capacity expansion [3][7] Core Views - The company's Q1 2024 revenue increased by 3.96% YoY to RMB 549 million, while net profit attributable to shareholders decreased by 3.03% YoY to RMB 70 million, reflecting weak domestic demand recovery [4] - Domestic market recovery is expected to improve due to large-scale equipment renewal policies, particularly in the industrial machine tool sector, which could boost industry sentiment [5] - The company's overseas revenue grew significantly by 112.99% YoY in 2023, reaching RMB 705 million, accounting for 30.36% of total revenue, with further growth expected [6] Financial Performance and Forecast - The company is projected to achieve net profits attributable to shareholders of RMB 375 million, RMB 445 million, and RMB 536 million in 2024, 2025, and 2026, respectively, with corresponding P/E ratios of 17X, 14X, and 12X [7] - Revenue growth rates are forecasted at 18.68%, 15.52%, and 17.77% for 2024, 2025, and 2026, respectively, with net profit growth rates of 18.09%, 18.54%, and 20.61% [13] - Overseas sales gross margin improved by 3.58 percentage points to 31.35% in 2023, driven by the company's expansion into over 50 countries and regions [6] Industry and Market Analysis - Domestic demand for metalworking machine tools remains weak, with new orders down 9.6% YoY and backlog orders down 14.9% YoY in the first two months of 2024 [5] - China's machine tool exports grew by 13.6% YoY in Q1 2024, indicating strong overseas market potential [6] - The industrial machine tool sector is expected to benefit from policies targeting the replacement of equipment over 10 years old, given the peak consumption period around 2011 [5]