证券简称：京山轻机 证券代码：000821 湖北京山轻工机械股份有限公司 J.S. Corrugating Machinery Co., Ltd. Stock Code : 000821 湖北京山轻工机械股份有限公司 第四期员工持股计划 二○二四年五月 1 助力中国智造 成就世界品牌 湖北京山轻工机械股份有限公司 J.S. Corrugating Machinery Co., Ltd. Stock Code : 000821 声 明 本公司及董事会全体成员保证本员工持股计划不存在虚假记载、误导性陈述 或重大遗漏，并对其真实性、准确性、完整性承担个别和连带的法律责任。本方 案主要条款与公司 2024 年 4 月 27 日公告的员工持股计划草案及其摘要内容一致。 （二）有关本次员工持股计划的出资金额、预计规模和具体实施方案属初步 结果，能否完成实施，存在不确定性。若员工认购份额不足，本员工持股计划存 在低于预计规模的风险。 （三）股票价格受公司经营业绩、宏观经济周期、国际/国内政治经济形势 及投资者心理等多种复杂因素影响。因此，股票交易是有一定风险的投资活动， 投资者对此应有充分准备。 （四）敬请广大投资者谨慎决 ...

湖北京山轻工机械股份有限公司 J.S. Corrugating Machinery Co., Ltd. Stock Code : 000821 证券代码：000821 证券简称：京山轻机 公告编号：2024-22 湖北京山轻工机械股份有限公司 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、误导性陈述或者重大遗漏。 特别提示: 1. 本次股东大会未出现否决议案的情形。 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、会议召开和出席的情况 （一）会议召开情况： 5.主持人：公司董事长李健先生。 本次会议的召开符合《公司法》、《深圳证券交易所股票上市规则》及 《公司章程》的有关规定。 助力中国智造 成就世界品牌 1.召开时间： （1）现场会议时间：2024年5月16日（星期四）14:30； （2）网络投票时间： 通过深圳证券交易所交易系统进行网络投票的时间为：2024 年 5 月 16 日的 交易时间，即 9:15—9:25,9:30—11:30 和 13:00—15:00； 通过深圳证券交易所互联网投票系统投票开始时间为 2024 年 5 月 ...

湖北京山轻工机械股份有限公司 J.S. Corrugating Machinery Co., Ltd. Stock Code : 000821 关于第三期员工持股计划第二个锁定期解锁股份 出售完毕暨终止的公告 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、误导性陈述或者重大遗漏。 湖北京山轻工机械股份有限公司（以下简称"公司"）第三期员工持股计划 （以下简称"本员工持股计划"）持有的公司股票已于 2024 年 5 月 9 日全部出 售完毕。根据中国证监会《关于上市公司实施员工持股计划试点的指导意见》以 及《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，现将具体情况公告如下： 一、本员工持股计划概况 公司分别于 2022 年 3 月 3 日召开的十届董事会第十三次会议、十届监事会 第十三次会议和 2022 年 3 月 21 日召开的 2022 年第一次临时股东大会上审议通 过了《关于<湖北京山轻工机械股份有限公司第三期员工持股计划（草案）>及其 摘要的议案》等议案，同意公司实施第三期员工持股计划，股票来源为公司回购 专用账户回购的京山轻机 A 股 ...

Investment Rating - Investment Rating: Buy (Maintain) [14] Core Views - The report highlights that the company achieved a revenue of 72.14 billion yuan in 2023, representing a year-on-year increase of 48.20% [14] - The net profit attributable to the parent company was 3.37 billion yuan, up 11.45% year-on-year, with a gross margin of 20.98% [14] - In Q1 2024, the company reported a revenue of 20.32 billion yuan, a year-on-year increase of 53.12%, and a net profit of 1.30 billion yuan, up 143.82% year-on-year [14] - The company has a strong order backlog in the photovoltaic sector, with orders amounting to 9.779 billion yuan as of December 31, 2023 [14] Financial Summary - Revenue Forecast: The company is projected to achieve revenues of 91.05 billion yuan, 110.49 billion yuan, and 112.14 billion yuan for 2024, 2025, and 2026 respectively [15] - Net Profit Forecast: The net profit attributable to the parent company is expected to be 5.46 billion yuan, 7.38 billion yuan, and 8.00 billion yuan for the same years [15] - Earnings Per Share (EPS): The diluted EPS is forecasted to be 0.88 yuan, 1.18 yuan, and 1.28 yuan for 2024, 2025, and 2026 respectively [15] - Key Financial Ratios: The company’s gross margin is expected to stabilize around 21.7% to 22.4% from 2024 to 2026 [16] Business Segments - Photovoltaic Equipment: The photovoltaic equipment segment generated sales of 55.02 billion yuan, a year-on-year increase of 66.97%, accounting for 76.26% of total revenue [14] - Packaging Equipment: The packaging equipment segment reported sales of 8.17 billion yuan, up 19.75% year-on-year, contributing 11.32% to total revenue [14] - Other Businesses: Other businesses, including lithium battery equipment and automotive parts casting, generated sales of 8.96 billion yuan, down 3.25% year-on-year [14]

Investment Rating - The investment rating for the company is "Buy (Maintain)" [2] Core Insights - The company reported significant growth in both revenue and net profit for 2023 and Q1 2024, with 2023 revenue reaching 7.214 billion yuan, a year-on-year increase of 48.20%, and a net profit of 337 million yuan, up 11.45% [1] - In Q1 2024, the company achieved revenue of 2.032 billion yuan, a year-on-year increase of 53.12%, and a net profit of 130 million yuan, showing a substantial growth of 143.82% [1] - The company has a strong order backlog in the photovoltaic sector, with contracts amounting to 3.281 billion yuan as of March 31, 2024, representing a 99.57% increase from the beginning of 2023 [1] - Research and development expenses have been consistently high, with 2023 and Q1 2024 R&D expenditures of 457 million yuan and 105 million yuan, respectively, reflecting year-on-year growth of 71.96% and 55.89% [1] Summary by Sections Financial Performance - The company expects revenues of 10.570 billion yuan, 11.522 billion yuan, and 12.588 billion yuan for 2024, 2025, and 2026, respectively, with corresponding net profits of 551 million yuan, 686 million yuan, and 895 million yuan [5] - The projected EPS for the same years is 0.88 yuan, 1.10 yuan, and 1.44 yuan, with P/E ratios of 16, 13, and 10 times [5] Market Position - The company is a leader in perovskite equipment, having developed various technologies for the production of perovskite solar cells, including PVD, ALD, and evaporation techniques [1] - The company has established a comprehensive supply capability for perovskite production lines, covering the entire process from solution preparation to equipment for cell fabrication [1] Cost Management - The company's total expenses have been decreasing as a percentage of revenue, with Q1 2024 total expenses accounting for 6.25% of revenue, down 2.72 percentage points year-on-year [1] - The company demonstrates strong cost control capabilities, contributing to its profitability [1]

Investment Rating - The report maintains a "Buy" rating for the company [9][15]. Core Views - The photovoltaic industry is experiencing a continuous deterioration in competitive landscape, with downstream demand falling short of expectations and technological iterations leading to a decline in product competitiveness [1]. - The company reported a significant increase in performance for Q1 2024, with a year-on-year revenue growth of 53.12% and a net profit growth of 143.82% [11]. - The company has a robust order backlog in the photovoltaic sector, with a total order value of 9.779 billion yuan as of December 31, 2023, representing a year-on-year increase of 79.63% [11]. - The company is a leader in perovskite equipment, having developed various technologies and maintaining a high level of research and development investment [11]. Financial Summary - For the fiscal year 2023, the company achieved a revenue of 7.214 billion yuan, a year-on-year increase of 48.20%, and a net profit of 336.52 million yuan, up 11.45% [11][15]. - The projected revenues for 2024, 2025, and 2026 are 10.570 billion yuan, 11.522 billion yuan, and 12.588 billion yuan, respectively, with corresponding net profits of 551.05 million yuan, 685.59 million yuan, and 894.73 million yuan [15]. - The company’s EBITDA for 2024 is projected to be 789.71 million yuan, with a P/E ratio of 16 and a P/B ratio of 2.15 [15].

Investment Rating - The report maintains a "Buy" rating for the company [1][5][8] Core Insights - The company has shown significant growth in its first quarter performance, with a year-on-year revenue increase of 53.12% and a net profit increase of 143.82% [6][8] - The company has a strong order backlog in the photovoltaic sector, amounting to 9.779 billion yuan as of December 31, 2023, indicating robust demand [3][6] - The company is positioned as a leading player in the domestic photovoltaic equipment and corrugated packaging equipment sectors, focusing on the development of perovskite battery equipment [8][6] Financial Performance Summary - In 2023, the company achieved a total revenue of 72.14 billion yuan, representing a year-on-year growth of 48.20%, and a net profit of 3.37 billion yuan, up 11.45% [6][8] - For Q1 2024, the company reported revenues of 20.32 billion yuan, a 53.12% increase year-on-year, and a net profit of 1.30 billion yuan, reflecting a 143.82% growth [6][8] - The gross margin for 2023 was 20.98%, slightly down by 0.49 percentage points year-on-year, while the net profit margin was 4.66%, down by 1.54 percentage points [3][6] Earnings Forecast - The company is projected to achieve revenues of 88.45 billion yuan in 2024, 107.75 billion yuan in 2025, and 126.58 billion yuan in 2026, with corresponding net profits of 5.25 billion yuan, 6.80 billion yuan, and 9.45 billion yuan respectively [8][11] - The expected price-to-earnings (P/E) ratios for 2024, 2025, and 2026 are 17, 13, and 10 times respectively, indicating a favorable valuation outlook [8][11]

一、董事会会议召开情况 湖北京山轻工机械股份有限公司 J.S. Corrugating Machinery Co., Ltd. Stock Code : 000821 证券代码：000821 证券简称：京山轻机 公告编号：2024-17 湖北京山轻工机械股份有限公司 十一届董事会第七次会议决议公告 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、误导性陈述或者重大遗漏。 1.湖北京山轻工机械股份有限公司（以下简称"公司"）十一届董事会第七 次会议通知于 2024 年 4 月 24 日以微信形式发出，由于本次审议事项紧急，经 全体董事确认，一致同意豁免会议通知时间要求。本次会议于 2024 年 4 月 26 日上午 9 时在武汉市江汉经济开发区武汉京山轻机公司四楼会议室以现场和视 频会议相结合的方式召开。 2.本次董事会会议应出席会议的董事为 7 人，实际出席会议的董事 7 人。 3.本次会议由公司董事长李健先生主持，公司监事会全体成员及高管列席 了会议。 4.本次董事会会议的召开符合有关法律、行政法规、部门规章、规范性文 件和公司章程的规定。 二、董事会会议审议情况 1.以 7 票同 ...

国浩律师（武汉）事务所 关于 湖北京山轻工机械股份有限公司 第四期员工持股计划 的 法律意见书 湖北省武汉市洪山区欢乐大道一号宏泰大厦 21 楼 邮编：430077 The 21st floor, Hongshan Building, No.1 Huanle Avenue, Hongshan District, Wuhan City, Hubei Province, China 电话/Tel: (+86)(027) 87301319 传真/Fax: (+86)(027) 87265677 Website:http://www.grandall.com.cn 二〇二四年四月 国浩律师（武汉）事务所 法律意见书 国浩律师（武汉）事务所 关于湖北京山轻工机械股份有限公司 第四期员工持股计划 的法律意见书 2024鄂国浩法意GHWH061号 致：湖北京山轻工机械股份有限公司 国浩律师（武汉）事务所(以下简称"本所")受湖北京山轻工机械股份有限 公司（以下简称"京山轻机"或"公司"）的委托，担任公司拟实施的《湖北京 山轻工机械股份有限公司第四期员工持股计划》（简称"本次员工持股计划"） 之专项法律顾问。本所根据《中华人 ...

助力中国智造 成就世界品牌 湖北京山轻工机械股份有限公司 J.S. Corrugating Machinery Co., Ltd. Stock Code : 000821 证券代码：000821 证券简称：京山轻机 公告编号：2024-19 湖北京山轻工机械股份有限公司 第四期员工持股计划 （草案）摘要 二○二四年四月 1 湖北京山轻工机械股份有限公司 J.S. Corrugating Machinery Co., Ltd. Stock Code : 000821 声 明 本公司及董事会全体成员保证本员工持股计划不存在虚假记载、误导性陈述 或重大遗漏，并对其真实性、准确性、完整性承担个别和连带的法律责任。 助力中国智造 成就世界品牌 2 湖北京山轻工机械股份有限公司 J.S. Corrugating Machinery Co., Ltd. Stock Code : 000821 风险提示 （一）湖北京山轻工机械股份有限公司（以下简称"公司"或"京山轻机"） 第四期员工持股计划须经公司股东大会批准后方可实施，本次员工持股计划能否 获得公司股东大会批准，存在不确定性。 （二）本员工持股计划设立后将由公司自行管理， ...