海南海德资本管理股份有限公司 （2024 年 5 月 15 日经公司 2023 年年度股东大会审议通过） 第一章 总则 第一条 为进一步完善海南海德资本管理股份有限公司（以下简 称"公司"）的治理结构，切实保护全体股东特别是中小股东利益， 促进公司的规范运作，根据《中华人民共和国公司法》（以下简称《公 司法》）、中国证券监督管理委员会（以下简称"中国证监会"）颁 布的《上市公司独立董事管理办法》（以下简称《管理办法》）、《深 圳证券交易所股票上市规则》和《上市公司治理准则》等国家相关法 律、法规、规章和《公司章程》的规定，并结合公司实际，特制定本 制度。 第二条 独立董事是指不在公司担任除董事外的其他职务，并与 公司及其主要股东、实际控制人不存在直接或者间接利害关系，或者 其他可能影响其进行独立客观判断关系的董事。 独立董事占公司董事会成员的比例不得低于三分之一，且其中至 少包括一名会计专业人士。 独立董事原则上最多在三家境内上市公司担任独立董事，并应当 确保有足够的时间和精力有效地履行独立董事的职责。 第三条 独立董事对公司及全体股东负有忠实与勤勉义务。独立 董事应当按照相关法律法规、中国证监会规定、深圳证 ...

证券代码：000567 证券简称：海德股份 公告编号：2024-029号 海南海德资本管理股份有限公司 关于为全资子公司融资提供担保的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误 导性陈述或重大遗漏。 一、事项概述 近日，海南海德资本管理股份有限公司（以下简称"公司"）与浙商银行股份有限公司 北京分行（以下简称"浙商银行"）签署了《最高额保证合同》，为公司全资子公司海徳资 产管理有限公司（以下简称"海徳资管"）向浙商银行申请的授信业务提供连带责任保证担 保，担保的主债权最高余额为人民币肆亿肆仟万元整（小写 440,000,000.00 元），主债权 期限为十七年。 公司与浙商银行不存在关联关系，本次交易不构成关联交易，亦不构成《上市公司重大 资产重组管理办法》规定的重大资产重组。 二、担保事项审批程序 公司于 2023 年 4 月 24 日召开的第十届董事会第二次会议及 2023 年 5 月 16 日召开的 2022 年年度股东大会，审议并通过了《关于公司 2023 年度对外担保额度预计的议案》，同 意公司为合并报表范围内下属公司提供担保，担保额度总计不超过 80 亿元，担 ...

海南海德资本管理股份有限公司 关于参加"2023 年度海南辖区上市公司业绩说明会 暨投资者集体接待日"的公告 董 事 会 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误 导性陈述或重大遗漏。 二〇二四年五月八日 为推动辖区上市公司进一步建立董事会与投资者的良好沟通机制，让投资者更准确地读 懂年度报告、更全面地了解上市公司，切实提高上市公司透明度和治理水平，海南证监局将 与深圳市全景网络有限公司、海南上市公司协会联合举办"2023 年度海南辖区上市公司业 绩说明会暨投资者集体接待日"活动，活动时间为 2024 年 5 月 14 日 14:00-17:00，平台登 陆地址为：http://rs.p5w.net。 届时，公司主要高管人员将参加本次活动，通过网络在线交流形式，就公司 2023 年年 报披露、财务数据、公司治理、内部控制、发展战略、经营状况、现金分红、重大事项、可 持续发展等投资者所关心的问题，与投资者进行"一对多"形式的沟通与交流。欢迎广大投 资者踊跃参与。 特此公告。 海南海德资本管理股份有限公司 证券代码：000567 证券简称：海德股份 公告编号：2024-031号 ...

证券代码：000567 证券简称：海德股份 公告编号：2024-030 号 海南海德资本管理股份有限公司 关于融资担保事项的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、 误导性陈述或重大遗漏。 一、 融资情况概述 海南海德资本管理股份有限公司（以下简称"公司"）于 2023 年 4 月 24 日召开 的第十届董事会第二次会议及 2023 年 5 月 16 日召开的 2022 年年度股东大会，审议 并通过了《关于公司 2023 年度融资计划的议案》：公司及全资、控股子公司拟向金 融机构申请综合授信及银行借款、银行委托贷款、信托融资等债务融资方式融资，融 资总额不超过人民币 80 亿元。上述具体内容详见 2023 年 4 月 26 日和 5 月 17 日披露 于《中国证券报》《证券时报》《上海证券报》和巨潮资讯网上的《第十届董事会第 二次会议决议公告》《关于公司 2023 年度融资计划的公告》《2022 年年度股东大会 决议公告》。 二、融资担保情况 近日，公司与海口农村商业银行股份有限公司世贸支行（以下简称"海口农商行"） 签署了《流动资金贷款合同》，海口农商行向公司提供流动资 ...

Investment Rating - The report assigns a "Buy-A" investment rating to the company, indicating a strong potential for returns over the next six months [3][18]. Core Views - The company is the only licensed entity in the A-share market primarily engaged in Asset Management Company (AMC) business, leveraging its shareholder background and resources to focus on distressed asset management across three main business lines: institutional distressed asset management, individual distressed asset management, and high-quality asset management aligned with national industrial development [3]. - The acquisition of a 51% stake in Sichuan Haocheng, a clearing company, is expected to enhance the company's advantages in corporate restructuring and reorganization [3]. - The company is projected to see steady revenue growth driven by its unique AMC license and ongoing expansion in distressed asset management, with expected revenue growth rates of 17%, 19%, and 23% from 2024 to 2026 [3]. Financial Performance Summary - In 2023, the company achieved operating revenue of 1.23 billion yuan, a year-on-year increase of 15.7%, and a net profit of 880 million yuan, up 25.7% year-on-year [20]. - The company reported a net profit of 995.6 million yuan for 2024, with a projected growth rate of 13.1% [26]. - The financial metrics indicate a strong return on equity (ROE) of 16.57% for 2023, with expectations for continued improvement in the coming years [20][26]. Business Segments Overview - The institutional distressed asset management segment contributed significantly to revenue, with 11.1 billion yuan in distressed asset disposal income in 2023, representing 90.4% of total revenue [9]. - The energy sector holds a substantial portfolio of distressed assets, with a balance of 4.77 billion yuan, expected to generate stable restructuring income [9]. - The company has established partnerships with various financial institutions and local AMCs to enhance its capabilities in distressed asset management [9][21]. Valuation Metrics - The report suggests a target price of 10.71 yuan based on a P/E ratio of 14.5x for 2024, reflecting a premium valuation due to the company's unique license and growth potential [3]. - The average P/E ratio of comparable companies in the AMC sector is noted to be 10.4x, indicating the company's potential for valuation upside [3]. Market Position - The company has a leading market share in the individual distressed asset management sector, having acquired 29 non-performing loan projects with a total principal of approximately 10.6 billion yuan [21]. - The company is well-positioned to capitalize on the recovery of the economy, particularly in the commercial real estate sector, which is expected to provide stable rental income and asset appreciation [9].

关于变更 2023 年年度股东大会部分议案暨股东大会的补充通知 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误导性陈 述或重大遗漏。 海南海德资本管理股份有限公司（以下简称"公司"）于 2024 年 4 月 23 日召开第十届董事会 第七次会议，审议通过了《关于召开公司 2023 年年度股东大会的议案》，定于 2024 年 5 月 15 日 召开公司 2023 年年度股东大会。具体内容详见公司于 2024 年 4 月 25 日在巨潮资讯网 （http://www.cninfo.com.cn）披露的《海南海德资本管理股份有限公司关于召开公司 2023 年年 度股东大会的通知》（公告编号 2024-020 号）。2024 年 4 月 25 日，公司董事会收到控股股东永 泰集团有限公司（以下简称"永泰集团"）《关于提议变更海南海德资本管理股份有限公司 2023 年年度股东大会议案的函》的临时提案，提议： 1、着眼公司长远发展，提议将公司营业期限由"自 1987 年 3 月 2 日至 2027 年 12 月 30 日" 变更为"永久存续的股份有限公司"，并修订《公司章程》中与公司经营期限对 ...

证券代码：000567 证券简称：海德股份 公告编号：2024-028号 海南海德资本管理股份有限公司 关于变更公司营业期限及修订《公司章程》的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误 | | | 第一百二十七条 独立董事应当亲自出席董事会会 | | --- | --- | --- | | | | 议。因故不能亲自出席会议的，独立董事应当事先 | | | | 审阅会议材料，形成明确的意见，并书面委托其他 | | | | 独立董事代为出席。 | | 12 | 新增 | 独立董事连续两次未能亲自出席董事会会议，也不 | | | | 委托其他独立董事代为出席的，董事会应当在该事 | | | | 实发生之日起三十日内提议召开股东大会解除该独 | | | | 立董事职务。 | | | 第一百二十五条 本章程第九十六条关于不得担任 | 第一百三十一条 本章程第九十五条关于不得担任 | | | 董事的情形、同时适用于高级管理人员。 | 董事的情形，同时适用于高级管理人员。 | | 13 | 本章程第九十八条关于董事的忠实义务和第九十九 | 本章程第九十九条关于董事的忠实义务和第一百条 ...

Investment Rating - The report maintains a "Buy" rating for the company, indicating a positive outlook for future performance [6][17]. Core Insights - The company has shown strong growth in its financial performance, with a 15.69% increase in revenue for 2023 and a projected 23.03% growth in net profit for 2024 [17]. - The company is focusing on the personal loan non-performing asset (NPA) market, leveraging big data and AI technology to enhance its asset management capabilities [5]. - The company has established partnerships with various institutions to deepen its presence in the personal loan NPA sector, acquiring a total of 29 projects with a principal amount of approximately 10.6 billion yuan [5]. Financial Performance Summary - For 2023, the company reported total revenue of 1.23 billion yuan and a net profit of 880 million yuan, reflecting a year-on-year growth of 15.69% and 25.68% respectively [17]. - The projected net profit for 2024 is 1.08 billion yuan, with an expected growth rate of 23.03% [6]. - The company's earnings per share (EPS) for 2024 is adjusted to 0.80 yuan, with further increases expected in subsequent years [6]. Business Strategy and Developments - The company is enhancing its personal loan NPA business, which has seen a 72% year-on-year increase in financial technology service revenue, primarily driven by personal loan NPAs [5]. - The company’s institutional distressed asset management business remains stable, contributing significantly to overall revenue, with a reported income of 1.11 billion yuan from asset disposals in 2023 [13]. - The company has a strong commitment to shareholder returns, having implemented consistent cash dividends over the past two years, with a proposed cash dividend of 573 million yuan for 2023 [18].

Investment Rating - The report maintains a "Buy" rating for the company [3][11]. Core Views - The company has shown strong growth in revenue and net profit, with a projected increase in net profit from 880 million in 2023 to 1.446 billion by 2026, reflecting a compound annual growth rate (CAGR) of 27.3% [3][4]. - The company is expanding its capabilities in managing non-performing loans through acquisitions and technological advancements, particularly in the use of big data and AI [11]. - The company has a leading market position in the non-performing asset management sector, with a significant market share among major asset management companies [11]. Financial Summary - Total revenue for 2023 is projected at 1.230 billion, with a year-on-year growth of 15.7% [4]. - The net profit attributable to the parent company is expected to reach 880 million in 2023, up 25.7% from the previous year [4]. - The company's gross margin is forecasted to be 94.6% in 2023, with a return on equity (ROE) of 16.1% [4]. - Earnings per share (EPS) is projected to increase from 0.65 in 2023 to 1.07 in 2026 [4]. Business Development - The company has acquired a 51% stake in Guangzhou Huilong, enhancing its capacity to manage non-performing loans [3][11]. - The establishment of a digital technology department aims to integrate asset management and debt collection processes [11]. - The company has a diversified approach to managing distressed assets, including energy sector interventions and support for listed companies facing delisting risks [11].

Financial Performance - The company's operating revenue for 2023 was CNY 1,229,643,410.55, representing a 15.69% increase compared to CNY 1,062,882,496.33 in 2022[43]. - The net profit attributable to shareholders for 2023 was CNY 879,925,242.18, an increase of 25.68% from CNY 700,140,558.11 in the previous year[43]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 702,140,293.78, showing a 3.98% increase from CNY 675,287,584.04 in 2022[43]. - The basic earnings per share for 2023 was CNY 0.6528, up 25.68% from CNY 0.5194 in 2022[43]. - The total assets at the end of 2023 were CNY 9,475,752,069.82, a 19.32% increase from CNY 7,941,768,258.98 at the end of 2022[43]. - The net assets attributable to shareholders at the end of 2023 were CNY 5,464,327,682.16, reflecting a 6.00% increase from CNY 5,154,982,290.88 in 2022[43]. - The weighted average return on net assets increased to 16.57%, up 2.35 percentage points from 14.22% in 2022[43]. Cash Flow - The net cash flow from operating activities improved significantly to CNY -95,973,257.10, an 87.57% improvement from CNY -771,827,798.62 in 2022[43]. - The total cash inflow from operating activities for 2023 was ¥2,110,529,563.38, a decrease of 18.28% compared to ¥2,582,779,188.81 in 2022[110]. - The total cash outflow from operating activities decreased by 34.22% to ¥2,206,502,820.48 in 2023 from ¥3,354,606,987.43 in 2022[110]. - Cash and cash equivalents increased by 138.67% to ¥153,620,152.72 in 2023 from -¥397,245,091.50 in 2022[110]. Asset Management and Investments - The company focuses on institutional distress asset management, particularly in the energy, listed companies, and real estate sectors, leveraging its industry background[51]. - The individual distress asset management sector saw a 449% year-on-year increase in transaction volume, with over 500 new asset transferors added in 2023[73]. - The company utilizes "big data + AI technology" to enhance its asset management capabilities, forming a comprehensive ecosystem for individual loan distress asset management[73]. - The company has established partnerships with multiple financial institutions and asset management companies to enhance its asset acquisition and disposal capabilities[55]. - The company’s energy sector projects are expected to provide long-term stable restructuring income and cash flow, with project cycles typically ranging from 6 to 10 years[75]. - The company acquired a 51% stake in Guangzhou Huilong, a 15-year-old debt collection firm, which manages assets worth over 100 billion yuan annually[78]. - The company has developed a comprehensive asset management capability for non-performing loans, integrating AI, judicial processes, and mediation into a diversified and efficient platform[81]. - The company has established a full-chain disposal capability for non-performing assets, enhancing its competitive edge in the market[81]. - The company reported a net profit of 857,636,229.36 CNY from its subsidiary, Haide Asset Management Co., which specializes in managing distressed assets[151]. Governance and Risk Management - The company emphasizes the importance of independent directors in providing valuable insights for operational development[14]. - The company acknowledges potential risks in future plans and operational goals, urging investors to be cautious[19]. - The company has established a rapid response mechanism to manage reputation risks and ensure effective implementation of emergency measures[170]. - The company has made significant governance improvements, ensuring compliance with relevant laws and regulations to protect shareholder interests[188]. - The company emphasizes the importance of maintaining independent operations and governance structures, ensuring no interference from controlling shareholders[188]. - Significant internal control deficiencies were reported during the reporting period, indicating potential areas for improvement[195]. Research and Development - R&D expenses surged by 282.88% year-on-year to ¥8,360,599.95, mainly due to increased investment in the non-performing loan business system[120]. - The number of R&D personnel increased by 77.78% to 16, with a proportion of 9.00% of total employees[120]. - The company plans to increase investment in technology research and development to optimize the entire process of acquiring and disposing of non-performing individual loans[181]. Market Position and Strategy - The company holds a leading market share among the top five AMC firms and 60 local AMCs in the industry[93]. - The revenue from the financial sector's non-performing asset disposal reached approximately 1.112 billion yuan, accounting for 90.43% of total revenue[95]. - The company aims to focus on energy-related debt restructuring and the acquisition of undervalued distressed assets to improve performance while managing risks[155]. - The company has a long-term strategy to expand its presence in the distressed asset management sector, targeting specific industries for growth[164]. - The company aims to enhance capital returns through a light asset operation model, focusing on expanding its individual loan non-performing asset recovery business and establishing a brand advantage in asset management[166].