Investment Rating - The report maintains a "Buy" rating for the company, indicating a positive outlook for the next six months [1]. Core Insights - The company has successfully expanded its overseas market presence, achieving a record high gross margin of 31.1% in the third quarter, reflecting a year-on-year increase of 11.3 percentage points [2][3]. - The company reported a revenue of 870 million yuan for the first three quarters of 2024, representing a year-on-year growth of 35.2%, with a net profit attributable to the parent company of 80 million yuan, up 20.6% year-on-year [1][2]. - The acquisition of Shandong Ourian for 254 million yuan aims to enhance the company's industrial chain and transition towards industrial intelligence [2][3]. Revenue and Profitability - The company achieved a revenue of 280 million yuan in the third quarter, marking a significant year-on-year growth of 59.1% [1]. - The comprehensive gross margin for the first three quarters was 30.9%, an increase of 8.2 percentage points year-on-year, while the net profit margin was 9.7%, down 1.1 percentage points due to increased financial expenses and bad debt provisions [2]. - The company expects net profits for 2024-2026 to be 160 million, 260 million, and 390 million yuan respectively, with a compound annual growth rate of 55.7% [3]. Market Expansion and Orders - The company has successfully secured significant overseas contracts, including a 1.28 billion yuan project with Baowu Group and a 639.8 million USD project with China Harbour Engineering [3]. - Over 60% of the company's current orders are from overseas markets, which are expected to drive profitability due to their high gross margins [3]. Financial Forecast and Valuation - The report projects earnings per share (EPS) of 0.99, 1.58, and 2.33 yuan for 2024, 2025, and 2026 respectively [3]. - The company's price-to-earnings (PE) ratio is expected to decrease from 44 in 2023 to 12 by 2026, indicating an improving valuation as earnings grow [4].

Investment Rating - The report assigns a "Buy" rating for the company, indicating a potential price increase of over 20% relative to the market index in the next six months [2][13]. Core Insights - The company reported a revenue of 870 million yuan for the first three quarters of 2024, representing a year-on-year growth of 35.2%. The net profit attributable to the parent company was 80 million yuan, up 20.6% year-on-year. In Q3 alone, revenue reached 280 million yuan, a significant increase of 59.1% year-on-year, with a net profit of 23.26 million yuan, growing by 12.5% year-on-year [2][3]. - The company's gross margin reached 30.9% for the first three quarters, an increase of 8.2 percentage points year-on-year, primarily due to a higher proportion of export revenue. The net profit margin was 9.7%, down 1.1 percentage points year-on-year, mainly due to increased financial expenses and bad debt provisions [2][3]. - The company is expanding its overseas market presence, with over 60% of its current orders coming from international clients. This includes significant contracts such as a 1.28 billion yuan project with Baosheng Group and a 639.8 million USD project with China Harbour Engineering [4][3]. - The acquisition of Shandong Ourian for 254 million yuan aims to enhance the company's industrial chain and transition towards industrial intelligence, with performance guarantees set for the next three years [3][4]. - Future profit forecasts estimate net profits of 160 million yuan, 260 million yuan, and 390 million yuan for 2024, 2025, and 2026 respectively, with a compound annual growth rate of 55.7% [4][3]. Financial Summary - For 2023, the company is projected to achieve a revenue of 1.053 billion yuan, with a growth rate of 15.2%. By 2026, revenue is expected to reach 2.645 billion yuan, with a growth rate of 35.59% [9]. - The net profit attributable to the parent company is forecasted to grow from 102.29 million yuan in 2023 to 386.38 million yuan in 2026, reflecting a growth rate of 47.65% [9]. - The earnings per share (EPS) is expected to increase from 0.62 yuan in 2023 to 2.33 yuan in 2026 [9].

Investment Rating - The report maintains a "Buy" rating for the company [1] Core Views - The company has shown significant growth in performance and profitability, with a revenue increase of 35.22% year-on-year to 868 million yuan for the first three quarters of 2024, and a net profit increase of 20.56% year-on-year to 84 million yuan [1] - The demand for the company's belt conveyor products is expected to continue growing due to the sustained growth in downstream industries such as mining, coal, metallurgy, and electricity [1][2] - The company is successfully expanding its overseas market presence, with contracts signed for projects in various countries, which is anticipated to enhance its market competitiveness and revenue [1][2] - The company is accelerating its industrial intelligent transformation in response to industry trends and policies, which is expected to improve production efficiency and product quality [2] Summary by Sections Financial Performance - For Q3 2024, the company achieved a revenue of 275 million yuan, a year-on-year increase of 59.14%, and a net profit of 23 million yuan, a year-on-year increase of 12.45% [1] - The company forecasts revenues of 1.508 billion yuan, 2.026 billion yuan, and 2.516 billion yuan for 2024, 2025, and 2026 respectively, with corresponding EPS of 0.92, 1.25, and 1.69 yuan [3][5] Market Demand - The report highlights that the mining industry is entering an upcycle, with increased capital expenditure and the resumption of production in previously halted mines, which will drive demand for conveyor equipment [1] - The coal industry is also showing an upward trend in production and consumption, further supporting the demand for the company's products [1] Strategic Initiatives - The company is actively responding to the "Belt and Road" initiative by collaborating with large state-owned enterprises and expanding its product reach in international markets [1][2] - A partnership with Huawei has been established to develop intelligent solutions for the mining and port industries, enhancing the company's technological capabilities [2]

四川省自贡运输机械集团股份有限公司 第五届监事会第八次会议决议公告 本公司及监事会全体成员保证信息披露内容的真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 证券代码：001288 证券简称：运机集团 公告编号：2024-143 一、监事会会议召开情况 四川省自贡运输机械集团股份有限公司（以下简称"公司"）第五届监事会 第八次会议于 2024 年 10 月 29 日上午 9：00 在公司四楼 418 会议室以现场的形 式召开。根据相关规定，已于 2024 年 10 月 24 日以电话及电子邮件的形式发出 本次会议的通知。本次会议由公司监事会主席范茉女士主持。应当出席本次会议 的监事共 3 人，实际参会的监事共 3 人。董事会秘书列席了本次会议。本次会议 的召集、召开程序符合《公司法》等法律法规、规范性文件及《公司章程》的规 定。 具体内容详见同日刊登于《证券日报》《证券时报》《中国证券报》《上海证 券报》及巨潮资讯网（http://www.cninfo.com.cn）上的《2024 年第三季度报告》 （公告编号：2024-144）。 三、备查文件 1、公司第五届监事会第八次会议决议。 特此公告。 四川 ...

证券代码：001288 证券简称：运机集团 公告编号：2024-145 四川省自贡运输机械集团股份有限公司 关于收购山东欧瑞安电气有限公司 56.50%股权的公告 本公司及董事会全体成员保证信息披露内容的真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 2024 年 10 月 7 日，四川省自贡运输机械集团股份有限公司（以下简称"运 机集团"或"公司"）披露《关于公司签订收购意向协议书的公告》（公告编号： 2024-132），公司与山东欧瑞安电气有限公司（以下简称"欧瑞安"或"标的公 司"）的部分股东签订了《关于收购山东欧瑞安电气有限公司控股权之意向协议》， 拟通过现金或其他方式购买欧瑞安部分股权，并达到控股标的公司的目的。以上 内容详见公司在巨潮资讯网(http://www.cninfo.com.cn)上披露的相关公告。 截至目前，标的公司的相关审计和评估工作已经完成，公司与欧瑞安的部分 股东正式签订《四川省自贡运输机械集团股份有限公司与力博重工科技股份有限 公司等各方关于山东欧瑞安电气有限公司之股权转让协议》（以下简称"《股权转 让协议》"）及《四川省自贡运输机械集团股份有限公司与力博重工科技股份 ...

四川省自贡运输机械集团股份有限公司 证券代码：001288 证券简称：运机集团 公告编号：2024-142 第五届董事会第十一次会议决议公告 本公司及董事会全体成员保证信息披露内容的真实、准确、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 四川省自贡运输机械集团股份有限公司(以下简称"公司")第五届董事会第 十一次会议于 2024 年 10 月 24 日以电子邮件及电话的方式发出通知，并于 2024 年 10 月 29 日上午 10：00 在公司四楼 418 会议室以现场及视频通讯相结合的方 式召开。本次会议由公司董事长吴友华先生主持，会议应到董事 9 人，实到董事 9 人，公司监事、部分高级管理人员列席了会议，本次会议的召集、召开程序符 合《公司法》等法律法规、规范性文件及《公司章程》的规定。 此次收购完成后，将有效推动公司产业链向智能化转型，提升输送系统智能 制造、智能运营维护服务能力，和增强公司的盈利能力。同意公司以现金 25,425.00 万元收购山东欧瑞安电气有限公司 56.50%股权，并取得其控制权。 表决结果：9 票赞成，0 票反对，0 票弃权，表决通过。 具体内容详见同 ...

国浩律师（北京）事务所 关于 四川省自贡运输机械集团股份有限公司拟受让 北京市朝阳区东三环北路 38 号泰康金融大厦 9 层 邮编：100026 9/F, Taikang Financial Tower, 38 North Road East Third Ring, Chaoyang District, Beijing 100026, China 电话/Tel: (+86)(10) 6589 0699 传真/Fax: (+86)(10) 6517 6800 网址/Website: www.grandall.com.cn 二〇二四年十月 | 录 | 目 | | 1 | | --- | --- | --- | --- | | 释 | 义 | | 2 | | 一、 | | 交易各方主体资格 | 4 | | 二、 | | 标的资产及交易价格 | 7 | | 三、 | | 目标公司主要资产 | 8 | | 四、 | | 目标公司诉讼或仲裁 | 16 | | 五、 | | 本次交易的批准与授权 | 16 | | 六、 | | 关于《股权转让协议》及《股权转让协议之补充协议》 | 16 | | 七、 | | 结论 | 17 ...

Financial Performance - The company's operating revenue for Q3 2024 reached ¥275,123,932.66, representing a 59.14% increase compared to the same period last year[3] - Net profit attributable to shareholders for the same period was ¥23,257,947.24, up 12.45% year-on-year[3] - The net profit after deducting non-recurring gains and losses was ¥21,083,720.76, reflecting a 7.73% increase from the previous year[3] - Total revenue for the period reached ¥867,861,201.65, an increase of 35.3% compared to ¥641,828,378.86 in the previous period[25] - The net profit for the third quarter of 2024 was CNY 84,228,864.52, an increase of 21.4% compared to CNY 69,392,802.05 in the same period last year[26] - The total comprehensive income for the third quarter was CNY 85,234,028.59, up from CNY 70,509,574.72 year-over-year, reflecting a growth of 20.9%[27] - Basic and diluted earnings per share increased to CNY 0.53 from CNY 0.44, representing a growth of 20.5%[27] Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥3,951,137,395.49, an increase of 11.60% from the end of the previous year[3] - The total liabilities rose to ¥1,846,345,990.82, up 26.0% from ¥1,465,666,520.07 in the previous period[24] - The company's total liabilities increased significantly, with a notable rise in financial expenses by 257.94% due to the amortization of convertible bonds[6] - The equity attributable to shareholders increased to ¥2,104,791,404.67, compared to ¥2,074,828,270.64 at the start of the period, showing a growth of 1.4%[24] Cash Flow - The company's cash flow from operating activities showed a net outflow of ¥176,386,991.44, a decrease of 64.12% compared to the same period last year[3] - The net cash flow from operating activities decreased by 64.12% to -176,386,991.44 CNY compared to the previous period, primarily due to an increase in received payments and tax refunds, along with a reduction in various tax payments[9] - The net cash flow from investing activities decreased by 283.30% to -230,941,156.20 CNY, mainly due to the disposal of equity in Zigong Bank, purchase of financial products, and acquisition of fixed assets[9] - The net cash flow from financing activities decreased by 87.35% to 108,888,741.28 CNY, primarily due to the previous year's issuance of convertible bonds that raised funds[9] - Cash flow from operating activities showed a net outflow of CNY -176,386,991.44, worsening from CNY -107,474,411.41 in the previous year[28] - Cash inflow from investment activities totaled CNY 225,863,358.58, significantly higher than CNY 68,137.93 in the same period last year[29] - The cash outflow from investment activities was CNY 456,804,514.78, compared to CNY 60,318,310.19 in the previous year, indicating increased investment activity[29] - Cash flow from financing activities generated a net inflow of CNY 108,888,741.28, down from CNY 860,972,835.68 in the previous year[29] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 6,660, with the largest shareholder holding 46.25% of the shares[10] - The company approved a share repurchase plan with a total amount not less than RMB 100 million and not exceeding RMB 200 million, with a maximum repurchase price of RMB 25.00 per share[13] - As of September 30, 2024, the company repurchased a total of 4,356,707 shares, accounting for 2.63% of the total share capital, with a total transaction amount of RMB 99,318,309.39[14] - The company plans to use part of the repurchased shares for employee stock ownership plans and to reduce registered capital[13] Investments and Projects - The company established a new wholly-owned subsidiary, Huayun Zhiyuan, to implement the "Digital Twin Project" with a registered capital of RMB 112.39 million[20] - The company adjusted the investment amounts and implementation methods among different entities for the "Open-pit Large Capacity Project," maintaining the total investment amount unchanged[21] Other Financial Metrics - Research and development expenses were ¥27,266,322.38, reflecting an increase of 15.0% from ¥23,504,432.95 year-over-year[25] - Cash and cash equivalents decreased to ¥1,161,232,749.81 from ¥1,445,493,476.75, a decline of 19.7%[22] - The company's cash and cash equivalents at the end of the period were CNY 975,494,276.62, a decrease from CNY 1,267,201,591.24 at the end of the previous year[29] - The company reported a foreign exchange translation difference of CNY 1,005,164.07 for the quarter[27] - The company recognized a credit impairment loss of CNY -28,164,210.89, compared to a gain of CNY 16,925,883.62 in the previous year[26] Corporate Governance - The company will strengthen training for shareholders and executives to prevent short-term trading issues after a related incident involving a senior executive's family member[19] - The company will publish detailed announcements regarding the share repurchase and incentive plans on its official information platform[13]

首次公开发行前，公司总股本为 120,000,000 股，首次公开发行后，公司总 股本为 160,000,000 股，其中有限售条件流通股 120,000,000 股，无限售条件流通 股 40,000,000 股。 招商证券股份有限公司 关于四川省自贡运输机械集团股份有限公司 首次公开发行前已发行股份上市流通的核查意见 招商证券股份有限公司（以下简称"招商证券"或"保荐机构"）作为四川 省自贡运输机械集团股份有限公司（以下简称"运机集团"或"公司"）首次公 开发行股票并在深圳证券交易所主板上市及持续督导的保荐机构，根据《证券发 行上市保荐业务管理办法》《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》及《深圳证券交易所股票上市规则》等有关规定的要求， 对运机集团首次公开发行前已发行股份上市流通的事项进行了核查，核查情况及 核查意见如下： 一、首次公开发行前已发行股份概况 经中国证券监督管理委员会《关于核准四川省自贡运输机械集团股份有限公 司首次公开发行股票的批复》（证监许可［2021］3199 号）核准，并经深圳证券 交易所同意，公司首次公开发行人民币普通股（A 股）股票 40,000 ...

证券代码：001288 证券简称：运机集团 公告编号：2024-140 四川省自贡运输机械集团股份有限公司 首次公开发行前已发行股份上市流通提示性公告 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。 特别提示： 1、本次解除限售股份为四川省自贡运输机械集团股份有限公司（以下简称 "运机集团"或"公司"）部分首次公开发行前已发行的股份，解除限售股份的 数量为 11,250,000 股，占公司总股本的 6.79%。 2、本次解除限售股份的上市流通日期为 2024 年 11 月 1 日（星期五）。 一、首次公开发行前已发行股份概况 经中国证券监督管理委员会《关于核准四川省自贡运输机械集团股份有限公 司首次公开发行股票的批复》（证监许可［2021］3199 号）核准，并经深圳证 券交易所同意，公司首次公开发行人民币普通股（A 股）股票 40,000,000 股，并 于 2021 年 11 月 1 日在深圳证券交易所上市。 首次公开发行前，公司总股本为 120,000,000 股，首次公开发行后，公司总 股本为 160,000,000 股，其中有限售条件流通股 120, ...