证券代码：001380 证券简称：华纬科技 华纬科技股份有限公司 华纬科技股份有限公司 向不特定对象发行可转换公司债券募集资金使用可行性分析报告 Hwaway Technology Corporation Limited （浙江省诸暨市陶朱街道千禧路 26 号） 向不特定对象发行可转换公司债券 募集资金使用可行性分析报告 二〇二五年四月 华纬科技股份有限公司 向不特定对象发行可转换公司债券募集资金使用可行性分析报告 根据华纬科技股份有限公司（以下简称"华纬科技"或"公司"）发展战略 需要，为进一步提升公司的盈利能力和核心竞争力，华纬科技拟向不特定对象发 行可转换公司债券（以下简称"本次发行"）募集资金。公司董事会对本次发行 可转换公司债券募集资金运用的可行性分析如下： 一、本次募集资金使用计划 本次发行可转换公司债券募集资金总额不超过 71,540.00 万元（含本数），扣 除发行费用后将全部用于以下项目： | | | | 单位：万元 | | --- | --- | --- | --- | | 序号 | 项目名称 | 总投资额 | 拟投入募集资金 | | 1 | 南京原材料生产基地建设项目 | 32,620. ...

华纬科技股份有限公司 截至 2024 年 12 月 31 日止 前次募集资金使用情况报告及鉴证报告 | | 录 目 | 次 页 | | --- | --- | --- | | 一、 | 前次募集资金使用情况报告的鉴证报告 | 1-2 | | 二、 | 前次募集资金使用情况报告 | 1-7 | 关于华纬科技股份有限公司 截至2024年12月31日止 前次募集资金使用情况报告的鉴证报告 鉴证报告 第 1 页 四、鉴证结论 信会师报字[2025]第ZF10380号 华纬科技股份有限公司全体股东： 我们接受委托，对后附的华纬科技股份有限公司（以下简称"贵 公司"） 截至2024年12月31日止前次募集资金使用情况报告（以下简 称"前次募集资金使用情况报告"）执行了合理保证的鉴证业务。 一、管理层的责任 贵公司管理层的责任是按照中国证券监督管理委员会《监管规则 适用指引——发行类第7号》的相关规定编制前次募集资金使用情况 报告。这种责任包括设计、执行和维护与前次募集资金使用情况报告 编制相关的内部控制，确保前次募集资金使用情况报告真实、准确、 完整，不存在虚假记载、误导性陈述或重大遗漏。 二、注册会计师的责任 我们的责 ...

华纬科技股份有限公司 可转换公司债券持有人会议规则 华纬科技股份有限公司 可转换公司债券持有人会议规则 （2025 年 4 月制定） 第一章 总 则 第一条 为规范华纬科技股份有限公司（以下简称"公司"）向不特定对象 发行可转换公司债券（以下简称"可转债"）持有人会议的组织和行为，明确债 券持有人会议的职权和义务，保障债券持有人的合法权益，根据《中华人民共和 国公司法》《中华人民共和国证券法》《上市公司证券发行注册管理办法》《可 转换公司债券管理办法》《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 15 号——可转换公司债券》等法律法规及深圳证券交易 所相关业务规则的规定，并结合公司的实际情况，特制定本规则。 第二条 本规则下的可转债为公司依据《华纬科技股份有限公司向不特定对 象发行可转换公司债券募集说明书》（以下简称"《可转债募集说明书》"）规 定发行的可转换公司债券（以下简称"本次可转债"）。 债券简称及代码、发行日、兑付日、发行利率、发行规模、含权条款及投资 者权益保护条款设置情况等本次可转债的基本要素和重要约定以《可转债募集说 明书》等文件载明的内容为准。 公司将聘请本次可转债 ...

Investment Rating - The report maintains a "Buy" rating for the company, expecting a relative performance increase of over 15% against the benchmark index in the next 6 to 12 months [8]. Core Views - The company achieved a record high in quarterly revenue, with a 49.7% year-on-year increase in 2024, reaching 1.86 billion yuan, and a net profit of 226 million yuan, up 38% year-on-year [5][6]. - The growth in the suspension spring business is notable, with a 60.2% increase in revenue from suspension system components, contributing significantly to overall performance [5]. - The company is advancing its global strategy, with investments in production bases in Germany, Mexico, and Morocco, aiming to enhance market share and operational capacity [5][6]. Financial Performance Summary - Revenue projections for the company are as follows: 1.24 billion yuan in 2023, 1.86 billion yuan in 2024 (40% growth), 2.31 billion yuan in 2025 (50% growth), and continuing to grow to 3.37 billion yuan by 2027 [3][5]. - The net profit is forecasted to increase from 164 million yuan in 2023 to 438 million yuan in 2027, with growth rates of 46% in 2023 and 38% in 2024 [3][5]. - The company's gross margin for Q4 2024 was reported at 27.12%, showing a slight year-on-year decline but an increase from the previous quarter, indicating improved operational efficiency [5]. Investment Recommendations - The report suggests adjusting the net profit forecasts for 2025 and 2026 to 284 million yuan and 356 million yuan respectively, with a new forecast for 2027 at 438 million yuan, reflecting a robust growth trajectory [5][6]. - The expected price-to-earnings (P/E) ratios for the upcoming years are projected to decrease from 30.9 in 2023 to 11.6 by 2027, indicating an attractive valuation as earnings grow [3][5].

Core Viewpoint - The company reported a significant increase in revenue and net profit for 2024, driven by the growth in suspension system components and strong partnerships with major automotive brands [1][2]. Revenue Summary - In 2024, the company achieved revenue of 1.86 billion yuan, a year-on-year increase of 49.7% [1]. - The revenue from suspension system components (suspension springs and stabilizers) reached 1.63 billion yuan, reflecting a year-on-year growth of 60.2% [1]. - The company has established strong partnerships with well-known automotive brands and suppliers, including BYD, Geely, Great Wall, and others, which has contributed to stable performance [1]. Profitability Summary - In Q4 2024, the company's gross margin was 27.12%, showing a year-on-year decrease of 0.26 percentage points but an increase of 0.44 percentage points compared to the previous quarter [2]. - The decline in gross margin year-on-year was primarily due to accounting standard adjustments, while the quarter-on-quarter increase was attributed to full capacity utilization from order releases [2]. - The company experienced a credit asset impairment of 23 million yuan in Q4 2024, which impacted the net profit margin [2]. Capacity and Global Strategy Summary - The company is steadily advancing its capacity construction, with plans to invest 250 million yuan in projects for producing 9 million new energy vehicle stabilizers and 100,000 sets of robot and engineering machinery springs [2]. - In 2024, the company announced the establishment of a production base in Chongqing with an investment of approximately 600 million yuan to enhance market share in the southwest region [2]. - The year 2024 marks a critical step in the company's globalization strategy, with plans to establish R&D and production bases in Germany, Mexico, and Morocco by 2025 [2].

Group 1: Company Operations and Production - The company is progressing with production bases in Mexico and Morocco as planned, with full operations expected soon [2] - The company has implemented green energy initiatives, including solar panels on factory rooftops, to reduce reliance on traditional energy sources and lower energy costs [3] - The company has introduced automated production equipment, significantly enhancing production efficiency and product quality stability [4] Group 2: Market Position and Strategy - The company achieved a market share of 27% in the suspension spring market in 2024, up from 22% in 2022, driven by increased capacity and the rapid development of domestic electric vehicle brands [9] - The company is strategically positioned with production bases in Mexico and Morocco to serve different customer groups in North America and Europe [9] - The company plans to expand its product matrix and optimize customer structure by entering non-automotive sectors such as rail transportation and industrial robotics [6] Group 3: Financial Performance and Shareholder Returns - The company plans to distribute a cash dividend of 3.00 RMB per 10 shares and increase capital reserves by 4.8 shares per 10 shares [6] - The company reported a revenue of 1.86 billion RMB in 2024, driven by the rise of domestic brands and the electric vehicle industry [9] - The company has a manageable liquidity risk, with strategies in place to monitor cash flow and utilize excess funds effectively [5] Group 4: Research and Development - The company holds 20 national invention patents and 179 utility model patents, focusing on new materials and extending into related component fields [6] - The company emphasizes a balanced age and education structure among its R&D personnel to foster innovation and collaboration [4] - The company is committed to continuous improvement in technology to meet the automotive industry's increasing quality and performance demands [10] Group 5: Risk Management and Supply Chain - The company employs a rigorous evaluation process for outsourcing partners to ensure quality and maintain market stability [5] - The company has established a comprehensive supplier management system to ensure timely and quality raw material supply [12] - The company utilizes a global capacity layout and intelligent supply chain collaboration to enhance operational efficiency [11]

4月9日，华纬科技（001380.SZ）发布2024年年度报告。报告显示，公司实现营业收入18.6亿元，同比 增长49.67%，实现利润总额2.61亿元，同比增长39.81%，实现归属母公司股东的净利润为2.26亿元，同 比增长38.00%。公司拟向全体股东每10股派发现金红利3元，以资本公积金向全体股东每10股转增4.8 股。公司共派发现金分红总额0.55亿元，转增后总股本为270,573,348股。 受益新能源自主品牌崛起，全年业绩实现高增 华纬科技深耕弹簧行业近50年，公司总部位于诸暨，地处长三角汽车产业核心区，尽享人才、供应链与 政策优势。区域内集聚了上汽、吉利、特斯拉上海工厂等整车厂，以及均胜电子、华域汽车等零部件巨 头，实现"200公里半径内70%原材料与设备配套"，物流成本降低15%，交货周期缩短20%，在行业调整 期展现出更强的供应链韧性。 华纬科技高管团队稳定，平均从业经验超15年，精准把握汽车轻量化、电动化趋势，提前布局新能源汽 车与工业机器人弹簧产品。受益于"行业红利+技术驱动+全球化布局"的多重共振，公司2024年的业绩 增长。 随着全球碳中和目标的稳步推进和各国对新能源车的政策支持， ...

2024年，公司悬架系统零部件业务实现营业收入16.28亿元，占总营收的87.5%，同比增长60.17%。公司 测算，其悬架弹簧市场占有率已超过27%。该业务的快速增长，得益于产能持续提升、与头部客户长期 合作稳固，以及持续的研发投入。 2024年，公司研发投入8968.01万元，同比增长45.43%。目前，公司已拥有国家发明专利20项、实用新 型专利179项，具备CNAS认可实验室资质，并获评"省级企业技术中心""省级企业研究院"等荣誉称号， 为技术创新和产品升级提供有力支撑。在制造业高端化、智能化转型的背景下，高性能弹簧产品需求不 断上升，带动行业在技术创新、材料优化与质量控制方面不断突破。未来，弹性元件产品将在新能源设 备、智能制造与机器人等新兴领域展现更大潜力，为行业发展注入新动能。 4月9日晚间，华纬科技（001380）发布2024年年报。报告显示，公司全年实现营业收入18.60亿元，同 比增长49.67%；归属于母公司股东的净利润达2.26亿元，同比增长38%。公司拟每10股派发现金红利 3.00元（含税），并转增4.80股，合计派发现金红利5472.73万元。 华纬科技专注于高端弹性元件的研发、 ...

华纬科技股份有限公司投资者关系活动记录表 -2- | | 善公司现金流。 | | --- | --- | | 关于本次活动是否涉 | 否 | | 及应披露重大信息的 | | | 说明 | | | 活动过程中所使用的 | 无 | | 演示文稿、提供的文 | | | 档等附件（如有，可 | | | 作为附件） | | 编号：2025-001 -3- | | □特定对象调研 □分析师会议 □媒体采访 □业绩说明会 | | | --- | --- | --- | | 投资者关系活动类别 | □新闻发布会 □路演活动 | | | | □现场参观 | | | | ☑其他：电话会议 | | | 活动参与人员 | 民生证券 白如等38人 | | | 时间 | 2025年4月10日（周四）15:00-16:00 | | | 地点 | 价值在线（https://www.ir-online.cn/）网络互动 | | | 形式 线上 | | | | | 1、公司各产品收入占比情况？ | | | | 答：2024年度公司悬架弹簧收入占总收入比例约为 | | | | 55%，稳定杆收入占比约为33%，制动簧占比约为 | | | | 6% ...

公募基金方面，本期较上一期持股增加的公募基金共计1个，即平安安享灵活配置混合A，持股增加占 比小幅上涨。本期较上一季度持股减少的公募基金共计1个，即淳厚信泽A，持股减少占比达0.25%。本 期较上一季度新披露的公募基金共计122个，主要包括广发多因子混合、华夏睿阳一年持有混合、南方 大数据100指数A、淳厚现代服务业A、淳厚欣颐等。本期较上一季未再披露的公募基金共计2个，包括 大成产业升级股票(LOF)A、大成专精特新混合A。 2025年4月10日，华纬科技(001380.SZ)发布2024年年度报告。截至2025年4月09日，共有131个机构投资 者披露持有华纬科技A股股份，合计持股量达1.10亿股，占华纬科技总股本的60.06%。其中，前十大机 构投资者包括浙江华纬控股有限公司、诸暨市珍珍投资管理中心(有限合伙)、浙江万安投资管理有限公 司-浙江诸暨万泽股权投资基金合伙企业(有限合伙)、诸暨市鼎晟投资管理中心(有限合伙)、海南红禾企 业管理合伙企业(有限合伙)、华西证券股份有限公司、中信证券股份有限公司-淳厚信泽灵活配置混合型 证券投资基金、中国工商银行股份有限公司-广发多因子灵活配置混合型证券投资基金、 ...