Group 1: Company Overview and Product Development - The company has established a dedicated department for the new energy vehicle (NEV) sector, focusing on specialized machine tools for over 30 types of NEV parts [3] - Key products include high-performance horizontal lathes and multi-axis CNC vertical lathes designed for components like motor shafts and brake discs [3][4] - The company emphasizes the rapid technological advancements in the NEV industry and collaborates with leading clients to develop high-end machine models [4] Group 2: Industry Applications and Future Outlook - The five-axis machine tools are primarily used in civil aviation, NEVs, and complex mold processing, with ongoing R&D to enhance performance [5] - The aerospace sector is identified as a significant growth area, with plans to invest in specialized equipment for complex and high-hardness components [5][6] - The company is developing high-end five-axis machining centers and continues to increase R&D investment in this field [5] Group 3: Core Component Development and Market Strategy - A dedicated R&D department has been established to develop core components such as electric spindles and gearboxes, enhancing product performance and reliability [6] - The company is committed to increasing its intrinsic value and competitiveness, aiming to provide better returns for investors [6][7] - Historical profit distribution has been consistent, with dividends representing 48.45%, 49.83%, and 61.70% of net profits over the past three years [7]

Group 1: Dividend Policy and Shareholder Returns - The company has maintained a high dividend payout policy since its listing in 2021, distributing profits that accounted for 48.45%, 49.83%, and 61.70% of the net profit attributable to ordinary shareholders in the last three years [2] - Future plans include balancing company development and shareholder returns, aiming for a sustainable and scientific return mechanism [2] Group 2: New Product Development - In 2024, the company launched over 30 new products, including: - PME2030DUT: A dual-beam five-axis gantry machining center for the new energy vehicle industry - VNL320DF: A CNC vertical lathe primarily for the hydrogen energy sector - VM450FA/VM650FA: Next-generation five-axis vertical machining centers for aerospace applications - NWM-SCE28: A high-torque electric spindle for efficient processing of automotive parts [3][4] - Sales of new products have already reached dozens of units for models like VNL320DF, VM450FA, VM650FA, and NWM-SCE28 [4] Group 3: R&D Focus and Strategy - The company is committed to independent R&D and technological innovation, focusing on composite, multi-axis, and automated processing lines [4] - Emphasis on high speed, precision, efficiency, intelligence, and environmental sustainability in product development [4] - Aiming to reduce reliance on imported components and enhance competitiveness through standardized and modular design [4] Group 4: Expansion and Production Capacity - The fourth phase of the company's project is progressing smoothly, with the main structure expected to be completed by the end of 2024 and production to commence in the first half of 2025 [5] - The designed capacity for the fourth phase is 700 million RMB, focusing on high-end intelligent CNC equipment and core functional components [5] Group 5: Market Strategy and M&A - The company is considering market-oriented mergers and acquisitions to optimize resource allocation and enhance competitiveness [5] - Any significant developments will be disclosed in accordance with relevant regulations [5]

Investment Rating - The report maintains an "Accumulate" rating for the company [1] Core Views - The company's revenue shows steady growth, but net profit has slightly declined due to price competition [2] - The company is actively expanding its domestic and international machine tool markets, although overall market demand remains weak [2] - The company's gross margin has slightly decreased, and the sales/management expense ratio has improved while R&D investment continues to increase [3] - The company has a strong order backlog, indicated by a 21.12% increase in contract liabilities compared to the end of 2023 [4] - R&D investment is expected to enhance competitiveness, with a projected capacity release in 2024 that could generate nearly 1.2 billion yuan in additional output [4] - The profit forecast for 2024-2026 is maintained at 334 million, 390 million, and 457 million yuan respectively, with corresponding P/E ratios of 17, 14, and 12 times [4] Revenue and Profitability - In the first three quarters of 2024, the company achieved revenue of 1.834 billion yuan, a year-on-year increase of 5.45%, while net profit was 228 million yuan, a decrease of 3.53% [2] - The gross margin for the first three quarters was 25.47%, down by 1.01 percentage points year-on-year [3] - The sales net profit margin was 12.41%, also reflecting a decline [3] R&D and Capacity Expansion - R&D expenses increased by 7.38% year-on-year to 88 million yuan in the first three quarters of 2024 [3] - The company has made significant progress in its IPO-funded projects, with an expected full production capacity in 2024 [4] Financial Metrics - The company's total revenue is projected to reach 2.519 billion yuan in 2024, with a year-on-year growth rate of 8.52% [1] - The latest diluted EPS is forecasted to be 1.02 yuan per share for 2024 [1]

中信建投证券股份有限公司关于 纽威数控装备（苏州）股份有限公司募集资金投资 项目结项并将节余募集资金永久补充流动资金的核查意见 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"、"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》《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》等有关规定，就纽威数控募集资金投资 项目结项并将节余募集资金永久补充流动资金的事项进行了核查，核查情况如 下： 一、募集资金基本情况 根据中国证券监督管理委员会（以下简称"证监会"）出具的《关于同意纽 威数控装备（苏州）股份有限公司首次公开发行股票注册的批复》（证监许可 [2021]2594 号），公司获准首次向社会公开发行人民币普通股 8,166.6700 万股， 每股面值人民币 1.00 元，每股发行价为人民币 7.55 元，合计募集资金人民币 61,658.36 万元，扣除发行费用人民币 4,427.99 万元（不含税）后，募集资金净 额为人民币 57,2 ...

证券代码：688697 证券简称：纽威数控 公告编号：2024-025 纽威数控装备（苏州）股份有限公司 关于召开 2024 年半年度暨第三季度 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。 重要内容提示： 会议召开时间：2024 年 11 月 14 日(星期四) 下午 14:00-15:00 会议召开地点：上海证券交易所上证路演中心（网址： http://roadshow.sseinfo.com/） 会议召开方式：上证路演中心网络互动 投资者可于 2024 年 11 月 07 日(星期四) 至 11 月 13 日(星期 三)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 08 月 29 日发布公司 2024 年半年度报告，并于 2024 年 10 月 30 日 发布公司 2024 年第三季度报告 ...

证券代码：688697 证券简称：纽威数控 公告编号：2024-023 纽威数控装备（苏州）股份有限公司 第二届监事会第十三次会议决议的公告 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。 一、监事会会议召开情况 表决结果：3 票同意；0 票弃权；0 票反对。 具体内容详见公司在上海证券交易所网站（www.sse.com.cn）披 露的《纽威数控装备（苏州）股份有限公司 2024 年第三季度报告》。 (二) 审议通过《纽威数控关于首次公开发行股票募集资金投资 项目结项并将节余募集资金永久补充流动资金的议案》 监事会认为：公司募集资金投资项目"三期中高端数控机床产业 化项目"、" 研发建设项目"已达到预定可使用状态，可予结项， 项目结项后将节余募集资金永久补充流动资金，有利于提升募集资金 使用效率，促进公司发展，符合公司和全体股东的利益，不存在变相 改变募集资金投向和损害股东，特别是中小股东利益的情形。该事项 的内容和决策程序符合《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 ...

Financial Performance - The company's operating revenue for Q3 2024 was ¥671,579,248.76, representing a year-on-year increase of 6.37%[2] - The net profit attributable to shareholders for the same period was ¥82,838,368.12, showing a decrease of 1.12% compared to the previous year[2] - The net profit after deducting non-recurring gains and losses was ¥76,218,026.67, which is an increase of 1.67% year-on-year[2] - Total operating revenue for the first three quarters of 2024 reached ¥1,833,874,508.68, an increase of 5.45% compared to ¥1,739,052,813.04 in the same period of 2023[17] - Net profit for the first three quarters of 2024 was ¥227,577,427.45, a decrease of 3.66% from ¥235,916,061.19 in 2023[18] - The company experienced a decline in total profit to ¥253,944,816.27, compared to ¥264,204,270.42 in the previous year[18] - The company reported a total comprehensive income of ¥227,725,577.14 for the first three quarters of 2024, down from ¥236,454,516.90 in 2023[19] Assets and Liabilities - The total assets at the end of the reporting period reached ¥3,992,917,373.35, reflecting a growth of 9.31% compared to the end of the previous year[3] - The company's current assets totaled RMB 3,301,419,984.65, up from RMB 3,068,315,753.66 at the end of 2023, indicating an increase of about 7.6%[12] - Total liabilities rose to RMB 2,352,823,522.16 from RMB 2,045,301,684.50, indicating an increase of approximately 15.0%[14] - The company's equity attributable to shareholders increased to RMB 1,640,093,851.19 from RMB 1,607,471,555.57, reflecting a growth of about 2.0%[14] - The company reported a total current liabilities of RMB 2,319,576,161.05, up from RMB 2,017,260,495.07, which is an increase of approximately 15.0%[14] Cash Flow - The cash flow from operating activities for the year-to-date was ¥67,825,387.04, which represents a significant decrease of 62.26% year-on-year[2][6] - Cash flow from operating activities totaled ¥1,907,901,511.84, up 14.0% from ¥1,662,435,340.23 in the same period last year[20] - The net cash flow from operating activities was 67,825,387.04 CNY, a decrease of 62.3% compared to 179,705,854.23 CNY in the previous year[21] - The total cash outflow from operating activities was 1,840,076,124.80 CNY, an increase from 1,482,729,486.00 CNY in the previous year[21] - Cash inflow from investment activities totaled 2,095,244,913.95 CNY, significantly up from 932,580,094.51 CNY year-over-year[21] - The net cash flow from investment activities was -50,674,741.43 CNY, worsening from -39,789,191.24 CNY in the previous year[21] - Cash inflow from financing activities was 595,950,000.00 CNY, an increase from 420,000,000.00 CNY in the previous year[22] - The net cash flow from financing activities was -49,667,214.38 CNY, compared to a positive 63,764,838.81 CNY in the previous year[22] Expenses - Research and development expenses amounted to ¥30,504,450.36, accounting for 4.54% of operating revenue, a decrease of 0.4 percentage points from the previous year[3] - Research and development expenses rose to ¥87,861,411.51, reflecting a 7.5% increase from ¥81,823,453.36 in the previous year[17] - Total operating costs increased to ¥1,621,122,851.94 in 2024, up 6.69% from ¥1,519,492,825.47 in 2023[17] - The financial expenses increased significantly to ¥7,092,588.22, compared to ¥2,776,279.09 in the same period last year[17] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 12,365[8] - The company has not reported any significant changes in the participation of major shareholders in financing or securities lending activities[10] Earnings Per Share - The basic earnings per share for Q3 2024 was ¥0.2536, a decrease of 1.13% year-on-year[2] - Basic earnings per share for the first three quarters of 2024 was ¥0.6967, down from ¥0.7222 in 2023[19]

证券代码：688697 证券简称：纽威数控 公告编号：2024-024 纽威数控装备（苏州）股份有限公司 关于首次公开发行股票募集资金投资项目结项 并将节余募集资金永久补充流动资金的公告 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。 纽威数控装备（苏州）股份有限公司（以下简称"公司"）于 2024 年 10 月 29 日以现场结合通讯方式召开第二届董事会第十五次会议、 第二届监事会第十三次会议，审议通过了《关于首次公开发行股票募 集资金投资项目结项并将节余募集资金永久补充流动资金的议案》， 同意公司将首次公开发行募集资金投资项目"三期中高端数控机床产 业化项目""研发建设项目"结项，并将节余募集资金永久补充流动 资金。公司监事会对该议案发表了明确的同意意见，公司保荐人中信 建投证券股份有限公司（以下简称"保荐人"或"中信建投"）对本 事项出具了明确同意的核查意见，本议案无需提交公司股东大会审 议。 一、募集资金基本情况 根据中国证券监督管理委员会（以下简称"中国证监会"）于 2021 年 8 月 3 日出具的《关于同意纽 ...

证券代码：688697 证券简称：纽威数控 公告编号：2024-022 纽威数控装备（苏州）股份有限公司 第二届董事会第十五次会议决议的公告 本公司董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、董事会会议召开情况 纽威数控装备（苏州）股份有限公司（以下简称"公司"）第二届 董事会第十五次会议于 2024 年 10 月 18 日通过电子邮件方式发出通 知，并于 2024 年 10 月 29 日在苏州高新区通安浔阳江路 69 号公司会 议室以现场结合通讯方式召开。本次会议由公司董事长郭国新召集并 主持，应出席董事 7 人，实际出席董事 7 人。全体董事认可本次会议 的通知时间、议案内容等事项，本次董事会的召集和召开程序符合《中 华人民共和国公司法》《中华人民共和国证券法》等法律法规及《纽 威数控装备（苏州）股份有限公司章程》《纽威数控装备（苏州）股 份有限公司董事会议事规则》的相关规定，会议决议合法有效。 公司 2024 年第三季度报告的编制和审核程序符合相关法律法 规、《公司章程》和公司管理制度的各项规定，能够公允地反映公司 ...

证券代码：688697 证券简称：纽威数控 公告编号：2024-021 纽威数控装备（苏州）股份有限公司 关于变更签字注册会计师的公告 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。 2. 诚信记录 纽威数控装备（苏州）股份有限公司（以下简称"公司"）于 2024 年 03 月 25 日召开第二届董事会第十一次会议，于 2024 年 4 月 25 日召开 2023 年年度股东大会，分别审议通过了《关于续聘会 计师事务所的议案》，同意续聘天衡会计师事务所（特殊普通合伙） 为公司 2024 年度的财务审计机构和内部控制审计机构。具体内容 详见公司于 2024 年 03 月 26 日 在 上 海 证 券 交 易 所 网 站 （www.sse.com.cn）披露的《纽威数控装备（苏州）股份有限公司 关于续聘会计师事务所的公告》（公告编号：2024-006）。公司于 2024 年 10 月 24 日收到天衡会计师事务所（特殊普通合伙）出具的《关 于变更纽威数控装备（苏州）股份有限公司 2024 年度签字注册会 计师的函》，具体情况如 ...