1 Anhui Zhongding Sealing Parts Co.,Ltd. Report of Q3 2024 The Company and all members of the Board of Directors have guaranteed that the information disclosed is true, accurate and complete, and contains no false record, misleading statements or material omissions. Anhui Zhongding Sealing Parts Co.,Ltd. Report of Q3 2024 Anhui Zhongding Sealing Parts Co.,Ltd. Report of Q3 2024 Stock Abbreviation: Zhongding Stock Stock code: 000887 October 2024 Important Notice： □ Yes √ No Note: This Report has been prepare ...

Financial Performance - The company's operating revenue for Q3 2024 reached ¥4,826,047,064.83, representing a 5.25% increase compared to the same period last year[2]. - Net profit attributable to shareholders was ¥335,679,074.25, a decrease of 2.60% year-on-year[2]. - The net profit after deducting non-recurring gains and losses was ¥306,264,237.52, showing a 12.22% increase compared to the previous year[2]. - The basic earnings per share for the reporting period was ¥0.26, down 3.70% year-on-year[2]. - The diluted earnings per share also stood at ¥0.26, reflecting a decrease of 3.70% compared to the same period last year[2]. - The weighted average return on equity was 2.60%, a decrease of 0.32% year-on-year[2]. - Total operating revenue for the current period reached CNY 14,495,242,519.77, an increase of 13.5% compared to CNY 12,774,099,548.15 in the previous period[14]. - Net profit attributable to shareholders of the parent company was CNY 1,051,912,288.58, up 20.1% from CNY 875,838,601.48 in the same period last year[15]. - The company reported a basic and diluted earnings per share of CNY 0.80, compared to CNY 0.67 in the previous year, indicating a growth of 19.4%[16]. - Total comprehensive income for the current period was CNY 1,025,209,715.69, an increase from CNY 870,672,520.54 in the same period last year[15]. - Operating profit for the current period was CNY 1,291,837,233.63, an increase of 24.3% compared to CNY 1,038,679,574.68 in the previous period[15]. - The company’s total operating costs were CNY 13,392,633,042.87, which is a 12.9% increase from CNY 11,867,784,559.37 in the prior year[14]. Cash Flow - The net cash flow from operating activities for the year-to-date period was ¥1,242,844,002.80, reflecting an 89.10% increase year-on-year[2]. - Net cash flow from operating activities increased by 89.10% to CNY 1,242,844,002.80 from CNY 657,234,744.07, driven by higher sales and increased cash receipts[5]. - The cash inflow from operating activities for the current period was CNY 13,672,769,136.56, an increase of 15.5% compared to CNY 11,872,921,631.14 in the previous period[17]. - The total cash outflow from operating activities was CNY 12,429,925,133.76, an increase from CNY 11,215,686,887.07, which is a rise of 10.8%[17]. - The cash inflow from sales of goods and services was CNY 13,448,766,254.61, compared to CNY 11,655,626,481.56, reflecting an increase of 15.4%[17]. - The net cash flow from investing activities was -CNY 850,155,175.02, worsening from -CNY 614,566,621.46 in the previous period[18]. - The cash inflow from financing activities totaled CNY 2,988,345,431.98, compared to CNY 2,669,619,406.79 in the previous period, marking an increase of 11.9%[18]. - The net cash flow from financing activities was CNY 45,585,052.34, a significant improvement from -CNY 264,314,091.42 in the previous period[18]. - The ending cash and cash equivalents balance was CNY 2,202,815,408.16, up from CNY 1,683,762,178.20, indicating a growth of 30.8%[18]. Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥24,025,812,465.44, a 5.17% increase from the end of the previous year[2]. - Shareholders' equity attributable to the parent company reached ¥12,789,999,519.10, up 6.02% from the previous year-end[2]. - Other current assets due within one year increased by 38.45% to CNY 1,662,679,824.12 from CNY 1,200,905,204.88, primarily due to an increase in fixed income securities[5]. - Other non-current financial assets rose by 47.07% to CNY 389,848,801.70 from CNY 265,069,840.78, mainly due to the addition of new non-current financial asset projects[5]. - The company's financial liabilities due within one year increased by 73.57% to CNY 459,493,632.26 from CNY 264,724,898.85, mainly due to an increase in long-term borrowings due within one year[5]. - The company's estimated liabilities rose significantly, with a 53.22% increase to CNY 84,305,809.37 from CNY 6,769,420.40, due to the addition of estimated liability projects[5]. - Total liabilities rose to RMB 11,160,786,234.19 from RMB 10,747,917,767.81, reflecting an increase of approximately 3.84%[12]. - The company's short-term borrowings increased to RMB 2,623,998,400.82 from RMB 2,530,009,731.17, which is an increase of about 3.00%[12]. - The total equity remained stable at RMB 1,316,489,747.00, unchanged from the previous period[12]. - The company's long-term equity investments increased to RMB 287,345,502.87 from RMB 273,788,896.31, showing a growth of approximately 4.95%[12]. - The total non-current assets increased to RMB 9,877,085,299.63 from RMB 9,632,521,413.47, indicating a growth of approximately 2.54%[12]. Other Financial Metrics - Non-recurring gains and losses included a government subsidy of ¥20,997,268.85 for the reporting period[3]. - Financial expenses surged by 93.26% to CNY 181,717,798.60 from CNY 94,029,393.40, attributed to increased loan interest rates in euros and dollars, as well as reduced exchange gains[5]. - Other income increased by 103.14% to CNY 112,604,599.67 from CNY 55,432,383.23, primarily due to an increase in tax deductions[5]. - Minority interests increased to CNY 75,026,712.15 from CNY 32,073,771.99, reflecting a significant growth of 133.4%[13]. - Research and development expenses increased to CNY 671,486,023.22, representing a rise of 11.6% from CNY 601,511,358.74 in the prior period[14]. - The company's cash and cash equivalents amounted to RMB 2,352,416,961.16, compared to RMB 2,176,668,984.69 at the beginning of the period, representing a growth of approximately 8.06%[11]. - Inventory increased to RMB 3,750,586,621.39 from RMB 3,508,509,355.57, marking a rise of about 6.89%[11]. - The total assets of Anhui Zhongding Sealing Parts Co., Ltd. reached RMB 24,025,812,465.44, an increase from RMB 22,844,191,495.69 at the beginning of the period, reflecting a growth of approximately 5.15%[11].

证券代码：000887 证券简称：中鼎股份 公告编号：2024-051 安徽中鼎密封件股份有限公司 关于参与认购基金份额暨对外投资的公告 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、对外投资概述 注册资本：1000 万人民币 法定代表人：刘奉丽 企业类型： 其他有限责任公司 为满足公司战略发展需要，在保持公司自有主营业务发展的同时，公司看好并计 划参与新能源汽车产业链投资，公司与山东铁发资本投资管理有限公司（以下简称"铁 发资本"）、浙江久立投资管理有限公司签署了《珠海充能挚鼎立股权投资合伙企业 （有限合伙）合伙协议》（以下合称"合伙协议"），拟共同投资设立珠海充能挚鼎立 股权投资合伙企业（有限合伙）（以下简称"合伙企业"或"珠海充能挚鼎立基金"）。 珠海充能挚鼎立基金规模为 3,119 万元，其中公司作为有限合伙人拟以自有资金认缴 出资 2,618 万元，认缴额度占合伙企业认缴出资总额的 83.9372%。 根据《深圳证券交易所股票上市规则》《深圳证券交易所上市公司自律监管指引 第 7 号—交易与关联交易》及《公司章程》等有关规定，本次投资事项无需提 ...

证券时报e公司讯，企查查APP显示，近日，珠海充能挚鼎立股权投资合伙企业（有限合伙）成立，经 营范围包含：以私募基金从事股权投资、投资管理、资产管理等活动。 企查查股权穿透显示，该公司由中鼎股份(000887)等共同持股。 ...

公司董事会对魏安力先生为公司所做出的贡献深表感谢。公司董事、监事、高级 管理人员及全体员工，对魏安力先生的逝世表示沉痛哀悼，并向其家人表示深切慰问。 证券代码：000887 证券简称：中鼎股份 公告编号：2024-050 安徽中鼎密封件股份有限公司 关于公司独立董事逝世的公告 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。 安徽中鼎密封件股份有限公司（以下简称"公司"）董事会沉痛公告，公司独立董 事魏安力先生于近日因病医治无效不幸逝世。 魏安力先生在担任公司独立董事、提名委员会主任委员、薪酬与绩效考核委员会 委员、战略委员会委员期间，勤勉尽责、恪尽职守，以诚恳、忠实的态度履行了作为 独立董事应尽的职责和义务，在保障公司董事会合规决策、维护公司及股东的整体利 益等方面尽职尽责，为公司治理和发展做出了重要的贡献。 2024 年 10 月 8 日 魏安力先生逝世后，公司现任董事由7人减少至6人，未低于《公司法》要求的董 事会最低法定人数，但低于《公司章程》规定的董事会成员人数，同时公司独立董事 人数将少于董事会成员的三分之一。公司将根据《公司法》等法律法规和《公司章 ...

证券代码：000887 证券简称：中鼎股份 公告编号：2024-049 安徽中鼎密封件股份有限公司 关于使用闲置募集资金进行现金管理的进展公告（119） 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。 安徽中鼎密封件股份有限公司（以下简称"公司"）于 2024 年 4 月 28 日召开第 九届董事会第四次会议，审议通过了《关于使用闲置募集资金和自有资金进行现金管 理的议案》,同意公司使用不超过 3.5 亿元（人民币，币种下同）的闲置募集资金购买 保本型理财产品和不超过 25 亿元的自有资金购买保本和非保本型理财产品、信托产 品和进行委托贷款业务,使用期限为自公司股东大会审议通过之日起至2024年年度股 东大会召开之日止。在上述使用期限及额度范围内，资金可以滚动使用。针对上述事 项，公司保荐机构发表了明确的同意意见。具体内容详见 2024 年 4 月 30 日公司在巨 潮资讯网 www.cninfo.com.cn 上披露的相关公告。 一、募集资金基本情况 经中国证券监督管理委员会《关于核准安徽中鼎密封件股份有限公司公开发行可 转换公司债券的批复》（证监许可[20 ...

证券代码：000887 证券简称：中鼎股份 公告编号：2024-048 作为国内领先的汽车零部件制造商，公司现已形成由密封、底盘减震等非轮胎橡 胶传统产品和空气悬挂系统、轻量化底盘系统、热管理系统等面向电动智能化趋势的 增量产品组成的业务矩阵。 公司自2008年以来实现的国际化战略渐渐进入收获期，通过对全球资源的有效整 合，使公司的技术、品牌、盈利水平、客户群体得到了快速提升，实现了内伸和外延 的双轮驱动；同时公司集中优势资源加大了对新能源环保汽车、汽车电子、系统总成 等领域的开拓力度，为公司未来的持续、快速发展积极做好了项目孵化和储备。公司 将继续围绕智能底盘系统核心战略目标，推动公司业务向智能化迈进。 2024年1-6月，公司实现营业收入96.69亿元，同比上升18.08%；归属于上市公 司股东的净利润7.16亿元，同比上升34.83%；公司继续跻身"全球汽车零部件行业100 强"（名列第89位）和"全球非轮胎橡胶制品行业50强"（名列第10位,国内第1）。 二、技术引领创新，不断提升公司核心竞争力 当前，公司在空气悬挂系统、底盘轻量化系统、热管理系统等领域拥有多项核心 技术。公司一直注重研发投入，在发展 ...

证券代码：000887 证券简称：中鼎股份 公告编号：2024-047 安徽中鼎密封件股份有限公司 关于使用闲置募集资金进行现金管理的进展公告（118） 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。 安徽中鼎密封件股份有限公司（以下简称"公司"）于 2024 年 4 月 28 日召开第 九届董事会第四次会议，审议通过了《关于使用闲置募集资金和自有资金进行现金管 理的议案》,同意公司使用不超过 3.5 亿元（人民币，币种下同）的闲置募集资金购买 保本型理财产品和不超过 25 亿元的自有资金购买保本和非保本型理财产品、信托产 品和进行委托贷款业务,使用期限为自公司股东大会审议通过之日起至2024年年度股 东大会召开之日止。在上述使用期限及额度范围内，资金可以滚动使用。针对上述事 项，公司保荐机构发表了明确的同意意见。具体内容详见 2024 年 4 月 30 日公司在巨 潮资讯网 www.cninfo.com.cn 上披露的相关公告。 一、募集资金基本情况 经中国证券监督管理委员会《关于核准安徽中鼎密封件股份有限公司公开发行可 转换公司债券的批复》（证监许可[20 ...

Investment Rating - The investment rating for the company is "Outperform the Market" and is maintained [1] Core Views - The company reported a revenue of 9.7 billion yuan for the first half of 2024, representing a year-on-year increase of 18%. The net profit attributable to shareholders was 720 million yuan, up 35% year-on-year. The gross margin was 22.2%, an increase of 1.1 percentage points, and the net margin was 7.4%, also up by 1.1 percentage points [3][4] - The air suspension business is progressing well, with AMK China securing orders from several new energy vehicle manufacturers and traditional leading brands. The company’s subsidiary, Dingyu Technology, focuses on the research and production of air springs and has achieved project designations for its products [3][4] - The company is actively expanding its lightweight manufacturing capabilities overseas, with factories in Slovakia and Mexico under construction. The lightweight business has accumulated orders worth approximately 4.6 billion yuan in the first half of 2024 [4] - The company is also advancing its thermal management system business for new energy vehicles, with orders totaling around 5.6 billion yuan in the first half of 2024 [4] Financial Summary - For the first half of 2024, the company achieved a revenue of 9.7 billion yuan, with a net profit of 720 million yuan. The second quarter alone saw a revenue of 5 billion yuan, a 15% increase year-on-year [3] - The company forecasts revenues of 19.9 billion yuan, 23.1 billion yuan, and 26.5 billion yuan for 2024, 2025, and 2026 respectively, with net profits of 1.45 billion yuan, 1.73 billion yuan, and 2.04 billion yuan for the same years [4][5] - The estimated earnings per share (EPS) for 2024, 2025, and 2026 are projected to be 1.10 yuan, 1.32 yuan, and 1.55 yuan respectively [5][6] - The company’s gross margin is expected to remain stable around 21.9% for the next few years, with a net profit margin projected to increase gradually [6][7]

证券研究报告·公司点评报告·汽车零部件 中鼎股份（000887） 2024 年中报点评：空悬业务快速放量，海外 并购项目加速落地国内 2024 年 09 月 02 日 买入（维持） | --- | --- | --- | --- | --- | --- | |------------------------------|--------|----------|----------|----------|----------| | 盈利预测与估值 [Table_EPS] | 2022A | 2023A | 2024E | 2025E | 2026E | | 营业总收入（百万元） | 14913 | 17244 | 19917 | 22805 | 25998 | | 同比（ % ） | 16.50 | 15.63 | 15.50 | 14.50 | 14.00 | | 归母净利润（百万元） | 968.91 | 1,131.46 | 1,423.89 | 1,761.10 | 2,070.73 | | 同比（ % ） | 2.04 | 16.78 | 25.85 | 23.68 | 17.58 | | EPS- ...