证券代码：000682 证券简称：东方电子 公告编号：2024-30 东方电子股份有限公司 第十一届监事会第二次会议决议公告 本公司及监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、会议召开情况 东方电子股份有限公司（以下简称"公司"）第十一届监事会第二次会议 于 2024 年 8 月 21 日以现场会议的方式在公司会议室召开，会议通知于 2024 年 8 月 9 日以电子邮件的方式通知全体监事；会议应出席的监事 3 人，实际出席的 监事 3 人，本次会议由监事会主席陈勇先生召集和主持。会议的召开符合《公 司法》和《公司章程》的有关规定。 二、会议议案的审议情况 1、审议通过了《关于公司 2024 年半年度报告及摘要的议案》。 经审核，监事会认为董事会编制和审议东方电子股份有限公司 2024 年半年 度报告及摘要的程序符合法律、行政法规及中国证监会的规定，报告内容真实、 准确、完整地反映了公司的实际情况，不存在任何虚假记载、误导性陈述或者 重大遗漏。 《公司 2024 年半年度报告摘要》同日刊登在《中国证券报》、《证券时 报》、及巨潮资讯网（www.cninfo. ...

东方电子股份有限公司董事会通讯表决细则 第一条 为规范东方电子股份有限公司董事会通讯表决的议事行为，保证董 事会会议依法进行，根据《公司法》和《公司章程》的有关规定，制订本细则。 第二条 本细则适用于以通讯方式召开并进行表决的董事会会议。 第三条 通讯表决是指董事对董事会提交会议审议的事项，经指定的信息传 递方式而行使表决权的行为。 第四条 采用通讯表决方式召开董事会，其会议通知发出的形式由《公司章 程》及其他相关规则决定；通知的内容除《公司章程》及其他相关规则规定外， 还应当载明下列内容： （一）会议表决形式； （二）会议召开时间与日期； （三）表决票投递方式及其送达时效。 第五条 董事会的会议表决票的格式由公司制作，其栏目及内容包括但不限 于： （一）会议名称（全称）； （二）提交表决的议案文件名（全称）； （三）董事姓名； （四）表决意见栏及发表该意见的日期； （五）董事的亲笔签名栏； （一）无民事行为能力的； （二）因自身原因导致无指定方式的信息传递条件的； （三）出现其他无法发表审议意见或表决意见的情况的。 第九条 经董事签署的表决票和会议决议，应当在董事会召开当日 17：30 之前以微信、电子邮件 ...

Financial Performance - The company's operating revenue for the first half of 2024 was ¥2,818,723,830.19, representing an increase of 11.95% compared to ¥2,517,772,104.99 in the same period last year[11]. - The net profit attributable to shareholders was ¥252,730,053.15, a growth of 24.90% from ¥202,338,405.65 year-on-year[11]. - The basic earnings per share increased to ¥0.1885, up 24.92% from ¥0.1509 in the previous year[11]. - The total assets at the end of the reporting period were ¥11,368,704,371.07, reflecting a 2.03% increase from ¥11,142,334,524.63 at the end of the previous year[11]. - The net assets attributable to shareholders rose to ¥4,729,185,538.66, marking a 3.17% increase from ¥4,584,053,465.40[11]. - The company achieved operating revenue of 2.819 billion yuan, a year-on-year increase of 11.95%[22]. - The net profit attributable to shareholders reached 253 million yuan, growing by 24.90% year-on-year[22]. - Research and development investment amounted to 257 million yuan, reflecting a year-on-year increase of 21.64%[22]. - The company reported a total comprehensive income of CNY 179.46 million for the first half of 2024, compared to CNY 162.49 million in the first half of 2023, an increase of about 10.4%[91]. Cash Flow and Liquidity - The company reported a net cash flow from operating activities of -¥177,879,309.99, a decline of 208.77% compared to -¥57,609,713.72 in the same period last year[11]. - The company reported a net increase in cash and cash equivalents of -¥251,794,042.36, a decrease of 33.80% compared to the previous period[28]. - The company's cash and cash equivalents decreased to ¥3,081,055,788.47, accounting for 27.10% of total assets, down 2.62 percentage points from the previous year[34]. - The cash flow from operating activities showed a net outflow of CNY 177.88 million in the first half of 2024, worsening from a net outflow of CNY 57.61 million in the same period of 2023[92]. - The cash and cash equivalents at the end of the first half of 2024 amounted to CNY 2.90 billion, compared to CNY 2.03 billion at the end of the first half of 2023, representing an increase of about 43%[93]. Investment and R&D - The company is focusing on six core business areas: scheduling and cloud services, transmission and transformation automation, smart distribution and utilization, new energy and storage, comprehensive energy and virtual power plants, and industrial internet and smart manufacturing[20]. - The company emphasizes innovation in technology, products, and business models to meet the demands of the new energy system and digital transformation[18]. - The company secured new contracts exceeding 4.3 billion yuan in the first half of the year, ranking 8th among peers in the number of bids won[26]. - The company completed the development of a 2000kW centralized PCS, achieving industry-leading performance levels[25]. - Research and development expenses increased to ¥254,265,385.23 in the first half of 2024, up from ¥209,165,138.40 in the first half of 2023, representing a growth of 21.5%[87]. Market and Competition - The company faces risks including technology development risks, market competition risks, and political risks related to overseas expansion[2]. - The company is actively addressing market competition risks in the power grid automation sector, which is characterized by centralized bidding processes[42]. - The company achieved a significant breakthrough in overseas markets, with a new local production line in Saudi Arabia and contracts signed in Egypt and Jordan[28]. Corporate Governance and Compliance - The company plans not to distribute cash dividends or issue bonus shares for this period[2]. - The company has committed to maintaining independence from its controlling shareholders and avoiding related party transactions during the reporting period[49]. - The company has not engaged in any non-operating fund occupation by controlling shareholders or related parties during the reporting period[51]. - The semi-annual financial report has not been audited, which may affect the reliability of the financial data presented[52]. Environmental and Social Responsibility - The company has successfully implemented high-voltage shore power technology at multiple ports, including Yantai Port and Ningbo Port, reducing carbon dioxide emissions by 189,000 tons annually through a digital virtual power plant[48]. - The company is actively engaged in the development of clean energy and zero-carbon port construction, contributing to the national "dual carbon" development strategy[48]. - There are no reported environmental penalties or issues during the reporting period, indicating compliance with environmental regulations[48]. Financial Position and Assets - The total liabilities amounted to CNY 6,212,007,751.86, an increase from CNY 6,112,118,156.64, representing a growth of about 1.64%[82]. - Shareholders' equity reached CNY 5,156,696,619.21, up from CNY 5,030,216,367.99, indicating an increase of approximately 2.51%[82]. - The company reported a decrease in short-term borrowings to CNY 261,220,000.00 from CNY 287,612,210.00, a reduction of about 9.21%[82]. - The total current assets increased to ¥9,509,857,033.53 from ¥9,240,025,188.00, representing an increase of about 2.93%[80]. Accounting and Financial Reporting - The financial statements are prepared in accordance with the Chinese Accounting Standards and reflect the company's financial position as of June 30, 2024[112]. - The company’s accounting policies include specific measures for financial instrument impairment, inventory, and fixed asset depreciation[111]. - The company recognizes revenue when control of the related assets is transferred to customers, with specific recognition criteria based on the nature of the business[178]. - The company recognizes expected credit losses based on past events, current conditions, and forecasts of future economic conditions, with different stages of financial instruments assessed for credit risk[139].

东方电子股份有限公司 2024 上半年非经营性资金占用及其他关联方资金往来情况汇总表 | | 新疆天富信息科技有 | 子公司的联营公 | 应收账款 | 407.38 | 449.39 | | 28.99 | 827.78 | 商品销售、提 | 经营性往 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | 限责任公司 | 司 | | | | | | | 供劳务 | 来 | | | 新疆天富信息科技有 | 子公司的联营公 | 合同资产 | 41.07 | 8.19 | | 5.70 | 43.56 | 商品销售 | 经营性往 | | | 限责任公司 | 司 | | | | | | | | 来 | | | 新疆天富信息科技有 | 子公司的联营公 | 其他非流动 | 28.00 | | | 7.00 | 21.00 | 商品销售 | 经营性往 | | | 限责任公司 | 司 | 资产 | | | | | | | 来 | | | 湖南交科天颐科技有 | 子公司的联营公 | 应收账款 | 447.20 | | | | 447. ...

证券代码：000682 证券简称：东方电子 公告编号：2024-31 2023 年 10 月 25 日，财政部发布了《企业会计准则解释第 17 号》，对"关 于流动负债与非流动负债的划分""关于供应商融资安排的披露""关于售后租 回交易的会计处理"等内容进行进一步规范及明确。该解释自 2024 年 1 月 1 日 起施行。 关于会计政策变更的公告 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。 特别提示： 本次会计政策变更是根据财政部发布的《关于印发<企业会计准则解释第 17 号>的通知》（财会〔2023〕21 号）（以下简称"《企业会计准则解释第 17 号》"）的相关规定要求进行的相应变更，根据《深圳证券交易所上市公司自律 监管指引第 1 号——主板上市公司规范运作》等相关规定，本次会计政策变更 无需提交东方电子股份有限公司（以下简称"公司"）董事会和股东大会审议批 准；本次会计政策变更不会对公司财务状况、经营成果和现金流量产生重大影响。 一、会计政策变更概述 1、会计政策变更原因及日期 东方电子股份有限公司 本次会计政策变更是根据财政部相关规定和要求进行的 ...

证券代码：000682 证券简称：东方电子 公告编号：2024-29 东方电子股份有限公司 第十一届董事会第三次会议决议公告 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、会议召开情况 东方电子股份有限公司（以下简称"公司"）第十一届董事会第三次会议 于 2024 年 8 月 21 日以现场加网络的方式在公司会议室召开，会议通知于 2024 年 8 月 9 日以电子邮件的方式通知全体董事。本次会议是定期会议，应参加会议 的董事 9 人，实际参加会议的董事 9 人，董事李小滨先生因工作原因不能亲自出 席会议，委托董事丁振华先生代为表决；独立董事史卫进先生、颜廷礼先生、董 事胡瀚阳先生以网络的方式参会，其余董事在公司会议室出席现场会议。本次会 议由董事会召集，由董事长方正基先生主持，公司监事、高级管理人员列席了会 议。 会议通知及召开程序符合《公司法》《公司章程》等有关规定，会议决议 合法有效。 二、会议议案的审议情况 3、审议并通过了《关于制订<董事会通讯表决细则>的议案》； 为进一步完善公司法人治理结构，规范决策机制，建立健全权责明确、管理 科学的现代企 ...

Financial Data and Key Indicator Changes - The company's gross margin declined in Q2, primarily due to a shift in revenue structure, with domestic revenue increasing while overseas revenue decreased from 30% to 27% [3] - The company expects a significant increase in revenue and net profit growth in Q3 and Q4, driven by improved order intake and capacity utilization [8] Business Line Data and Key Indicator Changes - The domestic order situation has been impacted by a decline in demand from multi-crystalline silicon plants and battery factories, leading to a decrease in overall performance [4] - New orders from data centers and wind power projects are expected to offset declines in other areas, with a slight increase in new domestic orders projected for the year [5][6] Market Data and Key Indicator Changes - The company has secured approximately 2.5 billion in overseas orders in the first half of the year, with a full-year target of 4 billion, indicating a potential for significant order fluctuations due to large contracts [6][7] - The company anticipates that the revenue growth rate will accelerate in the coming quarters, particularly in Q1 of the following year [8] Company Strategy and Development Direction - The company is focusing on enhancing its position in the power automation and distribution sector, with a long-term goal of reaching 10 billion in revenue [10][12] - The company has maintained a consistent growth trajectory, with revenue increasing for 20 consecutive years and net profit for 13 years, reflecting a strong operational foundation [11][14] Management's Comments on Operating Environment and Future Outlook - Management highlighted the importance of ongoing investment in power grid infrastructure and the expected acceleration of investment in distribution networks [26][27] - The company is optimistic about future growth driven by smart grid investments and the potential for international expansion, particularly in the Belt and Road regions [31][38] Other Important Information - The company has a strong cash flow position, with operating cash flow consistently in the positive, supporting its growth initiatives [16] - The company has maintained a high level of R&D investment, which has been crucial for product line expansion and technological upgrades [18][19] Q&A Session Summary Question: What are the expectations for overseas orders in the second half of the year? - Management indicated that there are potential large orders expected from the U.S. market in Q4, which could significantly impact revenue [7] Question: How does the company plan to address the decline in domestic orders? - The company is focusing on new projects in data centers and wind power to compensate for the decline in orders from multi-crystalline silicon plants [5] Question: What is the outlook for the company's gross margin? - Management believes the decline in gross margin is a short-term issue, with expectations for recovery as overseas orders increase and production capacity is optimized [3][8]

本次电话会以仅供民生证券专业投资者参考会议内容任何情况下都不构成投资建议任何机构或个人不得以任何形式泄露本次会议内容 否则由此造成的一切后果及法律责任由该机构或个人承担本公司保留追究其法律责任的权利各位投资者大家早上好非常感谢大家早上收听我们的电话会那今天呢主要是给大家汇报一个个股啊就是东方电子那在汇报东方电子之前呢我先把昨天的就是呃这个就是金盘科技波动比较大啊我讲讲自己一些观点啊供大家做一个参考 其实周末出来呢我觉得情况还挺好的但市场呢就是有一些担心的点还包括一些这个质疑点啊那么我们昨天呢就是包括周末呢也跟客户做一些交流那么总结下来无外乎就几个点吧一个点呢就是大家看到就是二季度的毛利率呢是有点下滑的觉得这个呢其实主要是跟结构性的因素是有关系的 因为一季度呢公司海外的营收呢大概占比是30%二季度的时候呢其实就降到了27%啊就说白了就是国内的营收呢其实在往上走的那国内的营收往上走呢一般毛利率呢比海外是要低一些的然后 还有一部分呢是这个楚隆的交付啊楚隆的交付呢就是对于那个毛利率影响会更大啊因为楚隆的毛利率可能就十几个点吧十二三个点左右啊所以他多多少少还会有一些影响那么此外呢可能还包括一些同价的影响或多或少呢存在一 ...

Investment Rating - The report gives a "Recommend" rating for the company, with a target price of 11 38 RMB [1][3] Core Views - The company is a veteran in power automation with comprehensive coverage across the power grid value chain, including power generation, transmission, distribution, and consumption [1] - The company has maintained double-digit revenue growth for 16 consecutive years, with 2023 revenue reaching 6 478 billion RMB, a YoY increase of 18 64%, and net profit attributable to shareholders of 541 million RMB, up 23 46% YoY [1] - The company is expected to achieve revenue of 7 930 billion RMB in 2024, with a growth rate of 22 4%, and net profit attributable to shareholders of 692 million RMB, up 27 8% YoY [1][2] Company Overview - The company has a history dating back to the 1950s, with its predecessor established in 1987 and listed on the Shenzhen Stock Exchange in 1997 [1] - The company has a complete industrial chain layout in the power industry, covering power generation, transmission, distribution, and consumption [1] - The company's core subsidiaries include Haier Software and Weistone, which focus on digital solutions and smart grid services respectively [11] Financial Performance - The company's revenue CAGR from 2019 to 2023 was 17 33%, with 2023 revenue reaching 6 478 billion RMB, up 18 64% YoY, and net profit attributable to shareholders of 541 million RMB, up 23 46% YoY [17] - In Q1 2024, the company achieved revenue of 1 278 billion RMB, up 11 06% YoY, and net profit attributable to shareholders of 101 million RMB, up 32 04% YoY [17] - The company's contract liabilities reached 3 065 billion RMB in 2023, up 42% YoY, and 3 161 billion RMB in Q1 2024, up 27% YoY [1] Power Distribution and Consumption - The company benefits from increased investment in power grid infrastructure, particularly in power distribution and consumption [1] - The company's power distribution terminal products rank among the top in market share, with a 5 95% share in the State Grid and 32 60% in the Southern Grid in 2023 [26] - The company's subsidiary, Weistone, has seen its net profit grow from 0 01 billion RMB in 2003 to 3 09 billion RMB in 2023, ranking among the top three in the State Grid's smart meter bidding for eight consecutive years [1][33] Overseas Expansion - The company's overseas revenue CAGR from 2019 to 2023 was 15 88%, with 2023 overseas revenue reaching 374 million RMB, up 31 09% YoY [37] - The company focuses on markets in Southeast Asia, the Middle East, Central Asia, and Africa, with significant projects in Saudi Arabia, Uzbekistan, and Malaysia [40] Virtual Power Plant (VPP) - The company is a leader in the VPP sector, having implemented the largest VPP project in China for the Southern Grid and winning pilot projects in Shandong [1][60] - The company's VPP business is expected to grow, with revenue from comprehensive energy and VPP reaching 195 million RMB in 2023, up 16 31% YoY [62] Industry Trends - The power distribution network is a key focus for investment in China's power grid, with the State Grid planning to invest over 1 2 trillion RMB in distribution networks during the 14th Five-Year Plan period [20][23] - The virtual power plant market in China is expected to grow significantly, with the maximum load predicted to reach 1 63 billion kW by 2025 and 1 89 billion kW by 2030 [51][54]

然后今天呢我们晚上将针对这个东方电子的这个投资价值呢做一个更详细的一个推荐和汇报那我们知道东方电子呢一方面呢在调度领域呢是持续的这个深耕包括在配网包括在电表 心理电厂等等的领域呢也均有这个相应的这个布局那我们觉得呢在目前这个时间点呢这个东方电子呢向上的一个空间呢 还是非常值得可期的所以我们其实从第一篇深度报告发出来之后实际上也是收到了非常好的这样的一个效果据第一篇报告发出来大概半个月的时间在这样的一个时间节点我们希望对东方电子的这样的一个投资价值做进一步的拆分和推荐接下来就有请我们组的唐叶唐老师来给大家具体的汇报 包括东方电子报告的主要的一个内容包括东方电子的一个推荐的一个主要的一个逻辑和投资价值的详细的解析那有请唐老师在线的领导们好很开心跟大家来聊一聊东方电子这个公司其实之前东方电子也经过一段时间的调整当时主要在跌什么呢一个方面是在跌那个黄三角的股权之争一方面也是 大家对这个配网的未来的格局有点看不清楚啊,那我们一一的来说啊,就是,呃,当我们讲到东方电子,其实我觉得大家可以去想两个问题,第一个问题是,呃,为什么调度出身就可以去切训电厂切的非常的顺畅,其次是,呃,他历年的研发费用率其实都相当的高,呃,历年基本 ...