二、董事会会议审议情况 审议通过了《关于聘任公司高级管理人员的议案》 董事会决定聘任王美英女士为公司总会计师，任期自董事会审议通过之日起，至第 十届董事会届满之日止。 证券代码：000778 证券简称：新兴铸管 公告编号：2024-37 新兴铸管股份有限公司 第十届董事会第四次会议决议公告 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、董事会会议召开情况 新兴铸管股份有限公司(以下简称"公司")于 2024 年 6 月 21 日以书面和电子邮件 方式向董事、监事发出第十届董事会第四次会议通知，会议于 2024 年 6 月 24 日，以通 讯表决（传真）的方式进行。公司全体 7 名董事参加会议。会议按照会议通知所列议程 进行，会议召集、出席会议董事人数、程序等符合有关法律法规和公司章程的规定。 三、备查文件 1、第十届董事会第四次会议决议。 2、深交所要求的其他文件。 特此公告 新兴铸管股份有限公司董事会 2024 年 6 月 25 日 表决结果：7 票同意、0 票弃权、0 票反对。 该议案已经公司董事会提名委员会和审计与风险委员会审议通过。 该事项的详细 ...

新兴铸管股份有限公司 关于公司高级管理人员变动的公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 一、公司总会计师辞职的情况 新兴铸管股份有限公司(以下简称"公司"或"本公司")董事会于近日收到 公司总会计师王艳女士提交的书面辞职报告。王艳女士因工作分工调整的原因， 申请辞去公司总会计师职务。王艳女士辞职后仍将继续担任公司董事会秘书职务。 根据《公司法》和《公司章程》等有关规定，王艳女士辞去总会计师职务自辞职 报告送达公司董事会之日起生效。 证券代码：000778 证券简称：新兴铸管 公告编号：2024-38 2024 年 6 月 24 日，公司召开第十届董事会第四次会议，审议通过了《关于 聘任公司高级管理人员的议案》，同意聘任王美英女士为公司总会计师（简历见 附件），任期自董事会审议通过之日起，至第十届董事会届满之日止。王美英女 士的任职资格和聘任程序符合相关法律法规和规范性文件的要求，已经公司董事 会提名委员会和审计与风险委员会审议通过。 特此公告 新兴铸管股份有限公司董事会 2024 年 6 月 25 日 1 附件：王美英女士简历 截至本公告披露日， ...

Group 1: Financial Performance - The company's revenue and net profit have declined in 2023, primarily due to high steel industry capacity, decreased demand, and significant price drops, with rebar prices falling from 3870 RMB/ton at the beginning of the year to a decrease of 340 RMB/ton in Beijing and 392 RMB/ton in Shanghai [14]. - The industry is facing a loss rate exceeding 70% due to the supply-demand imbalance and insufficient project funding, leading to fewer new projects compared to previous years [14]. - The company reported a significant drop in dividends in 2023, with the amount halved compared to 2022, despite having a retained profit of 6.6 billion RMB at the end of 2023 [6][8]. Group 2: Market Strategy and Operations - The company is focusing on enhancing its market development efforts and optimizing service support through customized solutions and multi-base coordination to improve operational performance [5]. - The company aims to leverage its core competencies in talent, technology, market, and management to drive domestic industrial development and international expansion [2]. - The company is actively exploring strategic cooperation with various partners, including a strategic agreement with Dalian Chemical Institute to promote high-quality development [3]. Group 3: Shareholder Relations and Market Value Management - The company emphasizes the importance of market value management and aims to optimize value transmission while ensuring compliance with relevant laws and regulations [9][12]. - The management acknowledges the impact of macroeconomic conditions, industry trends, and investor sentiment on stock price performance, committing to improve operational management and achieve performance targets to provide stable returns to investors [11][12]. - The company has not yet signed any contracts that meet the disclosure requirements set by the Shenzhen Stock Exchange, which mandates disclosure for contracts exceeding 50% of total assets or annual revenue [5]. Group 4: Future Outlook and Challenges - The company is facing challenges in the steel and casting pipe industry, with no fundamental changes expected in the supply-demand situation in 2024 [13]. - The company plans to implement internationalization and cultivate new strategic industries in 2024, which are expected to drive future growth [15]. - The management is committed to addressing the concerns of investors regarding the company's performance and market strategies, ensuring that the interests of minority shareholders are prioritized [15].

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。 新兴铸管股份有限公司（以下简称"公司"）定于 2024 年 5 月 31 日（星期五）15:00- 16:30 在全景网举办"2023 年度暨 2024 年第一季度业绩说明会"，本次业绩说明会将采 用网络远程互 动的 方式举行，投 资者 可登陆全景网 "投 资者关系互动 平台 " （http://ir.p5w.net）参与本次业绩说明会。 新兴铸管股份有限公司 关于召开 2023 年度暨 2024 年第一季度 业绩说明会的公告 证券代码：000778 证券简称：新兴铸管 公告编号：2024-31 新兴铸管股份有限公司董事会 2024 年 5 月 25 日 出席本次说明会的人员有：公司董事长、总经理、独立董事、财务负责人及董事会 秘书。 为充分尊重投资者、提升交流的针对性，现就公司本次业绩说明会提前向投资者公 开征集问题，广泛听取投资者的意见和建议。投资者可于 2024 年 5 月 28 日（星期二） 15:00 前访问（http://ir.p5w.net/zj/），或扫描下方二维码，进入问题征集专题页面，通过 全 ...

特别提示: 1、本次股东大会未出现否决议案的情形。 新兴铸管股份有限公司 2023 年度股东大会决议公告 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。 证券代码：000778 证券简称：新兴铸管 公告编号：2024-30 通过深圳证券交易所互联网投票系统进行网络投票的具体时间为：2024 年 5 月 16 日 9:15－15:00 2、股权登记日：2024 年 5 月 9 日（星期四） 3、会议召开地点：河北省武安市 2672 厂区公司会议室 4、召集人：公司董事会 （1）现场会议召开时间为：2024 年 5 月 16 日（星期四）下午 14:30 （2）网络投票时间为：2024 年 5 月 16 日 其中：通过深圳证券交易所交易系统进行网络投票的具体时间为：2024 年 5 月 16 日 （现场股东大会召开日）9:15—9:25,9:30—11:30 和 13:00—15:00 （一）会议召开情况 1、会议召开的日期和时间： 2、本次股东大会未涉及变更以往股东大会已通过的决议。 一、会议召开情况和出席情况 5、会议主持人：公司董事长何齐书先生因公出差无法主 ...

北京市中伦律师事务所 关于新兴铸管股份有限公司 2023 年度股东大会的 法律意见书 二〇二四年五月 法律意见书 北京市朝阳区金和东路 20 号院正大中心 3 号南塔 22-31 层 邮编：100020 22-31/F, South Tower of CP Center, 20 Jin He East Avenue, Chaoyang District, Beijing l00020, P.R. China 电话/Tel : +86 10 5957 2288 传真/Fax : +86 10 6568 1022/1838 www.zhonglun.com 北京市中伦律师事务所 关于新兴铸管股份有限公司 2023 年度股东大会的 法律意见书 致：新兴铸管股份有限公司 北京市中伦律师事务所（以下简称"本所"）接受新兴铸管股份有限公司（以 下简称"公司"）委托，指派本所律师对公司 2023 年度股东大会的（以下简称 "本次股东大会"）的合法性进行见证并出具《北京市中伦律师事务所关于新兴 铸管股份有限公司 2023 年度股东大会的法律意见书》（以下简称"本法律意见 书"）。 本所及本所律师依据《中华人民共和国证券法》（ ...

2024 年 04 月 26 日 新兴铸管（000778.SZ） 业绩短期承压，铸管需求有望扩张 事件：公司发布 2024 年一季度报告。公司一季度实现营业收入 91.24 亿元，同比减少 23.01%； 归属于母公司所有者的净利润 1.71 亿元，同比减少 49.9%；基本每股收益 0.0428 元，同比减 少 49.94%。 相关研究 1、《新兴铸管（000778.SZ）：业绩降幅收窄，多业务加 速推进》2024-04-11 2、《新兴铸管（000778.SZ）：业绩同比回落，多项业务 加速推进》2023-10-24 3、《新兴铸管（000778.SZ）：业绩降幅有限，产销规模 有望高增》2023-08-22 证券研究报告 | 季报点评 业绩短期承压，一季度毛利率回落。公司 2024Q1 实现归母净利 1.71 亿元，同比下降 49.9%， 环比下降 34.73%；2024 年一季度钢价普遍回落，钢企盈利比例低位运行，公司业绩短期承压， 与行业盈利趋势一致。公司 2023Q2-2024Q1 逐季销售毛利率分别为 6.18%、6.50%、7.93%、 4.99%，逐季销售净利率分别为 4.15%、2.29% ...

Cash Flow and Liquidity - The company's monetary funds decreased by 34.70% due to a lower proportion of cash receipts compared to cash expenditures[6] - The company's investment activities resulted in a net cash outflow of RMB 127.75 million, a decrease from RMB 303.00 million in the previous period[27] - The company's financing activities resulted in a net cash outflow of RMB 1.16 billion, compared to a net inflow of RMB 239.73 million in the previous period[27] - Cash received from sales of goods and services is 8,127,784,706.93, down from 10,511,688,206.28 in the previous period[38] - Total cash inflow from operating activities is 8,594,038,370.00, down from 10,795,231,259.28 in the previous period[38] - Total cash outflow from operating activities is 10,627,642,729.08, down from 13,542,623,410.84 in the previous period[38] - Net cash flow from operating activities is -2,033,604,359.08, an improvement from -2,747,392,151.56 in the previous period[38] - Net cash flow from operating activities improved by 25.98% to -2,033,604,359.08 yuan[53] Accounts Receivable and Financing - Accounts receivable financing increased by 62.75% due to a higher proportion of bill receipts and increased bill discounting[6] - Accounts receivable increased by 26.47% to 3,271,895,643.59 yuan[59] Prepayments and Pre-received Items - Prepayments increased by 35.81% due to higher prepayments for raw materials[6] - Pre-received items decreased by 47.65% due to a reduction in pre-received rental fees[6] Liabilities and Debt Structure - Non-current liabilities due within one year decreased by 60.67% due to the repayment of long-term loans and bonds[6] - Long-term loans increased by 37.72% as part of optimizing the debt structure[6] - Long-term borrowings increased by 37.72% to 8,042,663,000.00 yuan[51] - Total current liabilities decreased by 14.07% to 16,721,809,820.61 yuan[51] Risk Provisions and Impairment - General risk provisions increased by 34.33% due to provisions made by the factoring company[6] - Asset impairment losses decreased by 100.00% due to reduced inventory write-downs[47] - Credit impairment loss for the current period was -19,008,219.64, an improvement from -23,451,539.82 in the previous period[62] Earnings and Profitability - Basic earnings per share for the current period is 0.0428, compared to 0.0855 in the previous period[38] - Diluted earnings per share for the current period is 0.0428, compared to 0.0855 in the previous period[38] - Net profit attributable to shareholders of the listed company decreased by 49.90% to 170,936,900.84 yuan[53] - Net profit for the current period was 152,525,366.56, compared to 359,020,096.41 in the previous period[62] - Total comprehensive income for the current period was 154,453,866.56, compared to 420,732,096.41 in the previous period[62] Revenue and Operating Costs - Revenue for the reporting period decreased by 23.01% to 9,124,363,531.11 yuan compared to the same period last year[53] - Total operating revenue for the current period was 9,124,363,531.11, a decrease from the previous period's 11,850,911,365.16[61] - Operating costs for the current period were 9,101,544,499.21, down from 11,706,787,006.80 in the previous period[61] Investment Income and Losses - Investment income received is 127,890,000.00, a significant increase from 6,150,000.00 in the previous period[38] - Investment income decreased by 92.16% due to reduced income from MSP and Wanxin Wenhui investments[47] - Investment income for the current period was 13,990,020.77, significantly lower than the previous period's 178,466,933.57[62] Non-operating Income and Expenses - Non-operating income increased by 948.87% due to increased guarantee forfeiture income[47] - Asset disposal income for the current period was 108,711,207.55, up from 48,158,464.99 in the previous period[62] Assets and Inventory - Total assets decreased slightly by 0.64% to 55,173,386,406.49 yuan[53] - Inventory increased by 24.71% to 7,013,034,817.56 yuan[59] - Fixed assets decreased by 1.02% to 21,574,873,383.14 yuan[59] - Development expenditure increased to 3,000,000.00 yuan from 0.00 yuan in the previous period[59] Bond and Debt Repayment - The company completed the principal and interest payment and delisting of its green bond (19 Xingxing G1) on January 22, 2024[10] Audit and Reporting - The company's first quarter report for 2024 was not audited[65]

业绩追随行业有所下滑，期间费用率下降显著 ——新兴铸管（000778.SZ）2023 年年报业绩点评 事件：公司发布 2023 年年报，全年实现营业收入 432.53 亿元，同比-9.44%， 归母净利润 13.51 亿元，同比-19.40%，扣非后归母净利润 8.31 亿元，同比 -38.75%。2023 年 Q4 实现营业收入 69.32 亿元，同比-25.33%，环比-41.26%， 归母净利润 2.62 亿元，同比-12.20%，环比+4.38%，扣非后归母净利润 1.01 亿元，同比-35.94%，环比-55.11%。2023 年公司现金分红总额为 2.39 亿元， 现金分红比例为 17.71%。 2024 年公司金属制品产量目标为 947 万吨：2023 年公司铸管及其他铸造产品 产量为 282.8 万吨，同比-5.29%，普钢产品产量为 363.2 万吨，同比+11.27%， 优特钢产量为 211.65 万吨，同比-2.01%。2024 年公司金属制品产量目标为 947 万吨，较 2023 年经营目标（966 万吨）微降 1.97%。 2023 年公司期间费用率降至 3.87%，创近 11 年来 ...

股 票 研 究 证 券 研 究 报 告 请务必阅读正文之后的免责条款部分 -10% 3% 17% 30% 44% 57% -15% -7% 0% 8% 16% 23% 2023-04 2023-09 2024-02 股票绝对涨幅和相对涨幅 新兴铸管价格涨幅 新兴铸管相对指数涨幅 -10% -7% -4% -1% 3% 6% 22A 23A 24E 25E 26E 利润率趋势 收入增长率(%) EBIT/销售收入(%) 2% 3% 4% 5% 6% 7% 22A 23A 24E 25E 26E 回报率趋势 净资产收益率(%) 投入资本回报率(%) 82% 86% 90% 94% 99% 103% 26733 27054 27374 27694 28015 28335 22A 23A 24E 25E 26E 净资产(现金)/净负债 净负债(现金)(百万) 净负债/净资产(%) 公 司 更 新 报 告 | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | |-------------------------------------------|- ...