Core Insights - Weihai Huadong CNC achieved significant financial growth, with a net profit of 7.96 million yuan in Q1 2025, up 47.45% year-on-year, and a total revenue of approximately 334.26 million yuan in 2024, reflecting a 19.66% increase [1][5] - The company's success is attributed to a combination of local industrial policies and technological breakthroughs, particularly in the high-end equipment sector [2][8] Financial Performance - In 2024, the company's revenue from CNC machine products reached approximately 274.15 million yuan, a 23.48% increase from the previous year [5] - The net profit for 2024 was approximately 8.50 million yuan, marking a 152.35% year-on-year growth [1] Policy and Support - The establishment of the 500 million yuan Lixin Zhixin Advanced Manufacturing Venture Capital Fund in 2024 is crucial for supporting the high-end equipment and intelligent manufacturing sectors, aligning with the company's core business [2] - Tax incentives such as the VAT refund policy for CNC machine tools and R&D expense deductions have significantly reduced the company's tax burden, contributing to a 23.8% decrease in management expenses and a 40.69% reduction in financial costs in 2024 [2] Technological Advancements - The company has successfully mass-produced five-axis CNC machine tools, with an average order price of 2.22 million yuan per unit, breaking the long-standing dominance of German and Japanese manufacturers in this segment [4] - The company holds 171 patents, including 32 invention patents, which have enhanced processing precision to international advanced levels, leading to a gross margin increase to 20.71% [4] Market Expansion - In 2024, the company signed new orders with a year-on-year growth of approximately 24%, with significant contributions from the aerospace and automotive sectors [4] - The overseas market revenue grew by 35.87% in 2024, with Southeast Asia showing promising results, particularly in the renewable energy sector [6] Strategic Positioning - The company is transitioning from being perceived as a traditional machine tool manufacturer to a technology-driven growth company, with R&D personnel constituting 15.02% of its workforce [7] - The national policy aims for a CNC rate exceeding 75% by 2027, providing substantial market opportunities for the company [8] Conclusion - Weihai Huadong CNC's turnaround is a result of synergistic effects from local policy support, technological advancements, and supply chain restructuring, positioning it as a key player in China's high-end manufacturing landscape [8]

Group 1: Financial Overview - The company's asset-liability ratio as of the end of Q1 is 84.74% [2] - The company has bank loans amounting to 50 million [2] - There is an available bank credit line of 82 million and a shareholder commitment for a loan of 100 million, ensuring repayment capability [2] Group 2: Investor Relations Activity - The company participated in the 2025 Shandong Listed Companies Investor Online Reception Day on May 15, 2025, from 15:00 to 16:30 [2] - The event was held on the "Panorama Roadshow" website [2] - The reception was attended by the board secretary Liu Lu and financial director Xiao Cuiying [2]

威海华东数控股份有限公司 网上集体接待日活动的公告 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。 为进一步加强与投资者的互动交流，威海华东数控股份有限公司（以下简称 "公司"）将参加由山东证监局、山东上市公司协会与深圳市全景网络有限公司联 合举办的"2025年山东辖区上市公司投资者网上集体接待日活动"，现将相关事项 公告如下： 本次活动将采用网络远程的方式举行，投资者可登录"全景路演"网站 （http://rs.p5w.net）；或关注微信公众号（名称：全景财经）；或下载全景路演APP, 参与本次互动交流。活动时间为2025年5月15日（周四）15:00-16:30。届时公司 高管将在线就公司2024年度业绩、公司治理、发展战略、 经营状况、融资计划、 股权激励和可持续发展等投资者关心的问题，与投资者进行沟通与交流，欢迎广 大投资者踊跃参与！ 证券代码：002248 证券简称：华东数控 公告编号：2025-013 关于参加2025年山东辖区上市公司投资者 威海华东数控股份有限公司董事会 二〇二五年五月十三日 1 特此公告。 ...

Group 1: Event Overview - The event was an annual performance briefing for Weihai Huadong CNC Co., Ltd. held on May 9, 2025 [2] - The meeting was conducted online via Value Online [2] - Key personnel present included Chairman Lian Xiaoming, Secretary Liu Lu, and CFO Xiao Cuiying [2] Group 2: Participation Details - The event was attended by a wide range of investors [2] - No investor questions were raised during the meeting [2] Group 3: Documentation - There were no additional attachments provided for the event [2]

Financial Performance - The company reported total revenue of 80.13 million yuan for Q1 2025, a decrease of 0.48% year-on-year [1] - The net profit attributable to the parent company was 7.96 million yuan, an increase of 47.45% year-on-year [1] - The gross profit margin improved to 25.35%, up 20.67% year-on-year, while the net profit margin increased to 9.92%, up 48.38% year-on-year [1] - Total operating expenses (selling, administrative, and financial expenses) amounted to 8.58 million yuan, accounting for 10.71% of revenue, a decrease of 8.4% year-on-year [1] Balance Sheet Highlights - Cash and cash equivalents increased to 57.61 million yuan, a rise of 53.32% year-on-year [1] - Accounts receivable rose to 31.10 million yuan, with a year-on-year increase of 38.72% [1] - Interest-bearing liabilities decreased to 79.13 million yuan, down 36.44% year-on-year [1] Earnings Per Share - Earnings per share (EPS) increased to 0.03 yuan, reflecting a growth of 50.0% year-on-year [1] - The net asset per share rose to 0.26 yuan, an increase of 18.38% year-on-year [1] - Operating cash flow per share remained at 0.02 yuan, with an increase of 18.58% year-on-year [1] Business Evaluation - The company's return on invested capital (ROIC) was 6.93%, indicating average capital returns [3] - The net profit margin for the previous year was 2.54%, suggesting low added value for products or services [3] - The company has raised a total of 964 million yuan since its listing, with cumulative dividends amounting to 50.62 million yuan, resulting in a dividend-to-financing ratio of 0.05 [3] Cash Flow and Receivables - The cash flow situation is concerning, with cash and cash equivalents to current liabilities ratio at 25.71% and average operating cash flow to current liabilities at 11.2% over the past three years [3] - Accounts receivable have reached 365.68% of profit, indicating potential issues with receivables management [3]

Core Points - The company guarantees the authenticity, accuracy, and completeness of the quarterly report, with all board members assuming legal responsibility for any misrepresentation or omissions [2][3][4] Financial Data - The quarterly report has not been audited, and the company does not require retrospective adjustments or restatements of previous accounting data [3][4][5] - There are no non-recurring profit and loss items applicable to the company, and it does not classify any non-recurring items as recurring [3][4] Shareholder Information - The company does not have any changes in the participation of major shareholders in the securities lending business compared to the previous period [5][6] Other Important Matters - The company has not adopted new accounting standards for the first quarter of 2025, and the quarterly report remains unaudited [4][5][6]

威海华东数控股份有限公司 二〇二四年度 内部控制审计报告 致同会计师事务所（特殊普通合伙） 致同会计师事务所（特殊普通合伙） 中国北京 朝阳区建国门外大街 22 号 赛特广场 5 层 邮编 100004 电话 +86 10 8566 5588 传真 +86 10 8566 5120 www.grantthornton.cn 内部控制审计报告 致同审字（2025）第 371A017231 号 威海华东数控股份有限公司全体股东： 我们的责任是在实施审计工作的基础上，对财务报告内部控制的有效性 发表审计意见，并对注意到的非财务报告内部控制的重大缺陷进行披露。 三、内部控制的固有局限性 内部控制具有固有局限性，存在不能防止和发现错报的可能性。此外， 由于情况的变化可能导致内部控制变得不恰当，或对控制政策和程序遵循的 程度降低，根据内部控制审计结果推测未来内部控制的有效性具有一定风险。 四、财务报告内部控制审计意见 我们认为，华东数控公司于 2024 年 12 月 31 日按照《企业内部控制基本 规范》和相关规定在所有重大方面保持了有效的财务报告内部控制。 致同会计师事务所 （特殊普通合伙） 按照《企业内部控制审计指引 ...

威海华东数控股份有限公司 营业收入扣除情况表 专项核查报告 致同会计师事务所（特殊普通合伙） 目 录 专项核查报告 公司 2024 年度营业收入扣除情况表及说明 1-3 致同会计师事务所（特殊普通合伙） 中国北京 朝阳区建国门外大街 22 号 赛特广场 5 层 邮编 100004 电话 +86 10 8566 5588 传真 +86 10 8566 5120 www.grantthornton.cn 威海华东数控股份有限公司 营业收入扣除情况表专项核查报告 致同专字（2025）第 371A010325 号 威海华东数控股份有限公司全体股东： 我们接受委托，在审计了威海华东数控股份有限公司（以下简称"华东 数控公司"）2024 年 12 月 31 日的合并及公司资产负债表，2024 年度的合并及 公司利润表、合并及公司现金流量表、合并及公司股东权益变动表以及财务 报表附注的基础上，对后附的《华东数控公司 2024 年度营业收入扣除情况表 及说明》（以下简称"营业收入扣除情况表"）进行了专项核查。 按照《深圳证券交易所股票上市规则》（以下简称"上市规则"）和 《深圳证券交易所上市公司自律监管指南第 1 号——业务 ...

关于威海华东数控股份有限公司 非经营性资金占用及其他关联 资金往来的专项说明 致同会计师事务所（特殊普通合伙） 目 录 关于威海华东数控股份有限公司非经营性资金占用及其他关联资 金往来的专项说明 1-2 威海华东数控股份有限公司 2024年度非经营性资金占用及其他关 联资金往来情况汇总表 3-4 致同会计师事务所（特殊普通合伙） 中国北京 朝阳区建国门外大街 22 号 赛特广场 5 层 邮编 100004 电话 +86 10 8566 5588 传真 +86 10 8566 5120 www.grantthornton.cn 关于威海华东数控股份有限公司 非经营性资金占用及其他关联资金往来的专项说明 致同专字（2025）第 371A010323 号 威海华东数控股份有限公司全体股东： 我们接受威海华东数控股份有限公司（以下简称"华东数控公司"）委 托，根据中国注册会计师执业准则审计了华东数控公司 2024 年 12 月 31 日的合 并及公司资产负债表，2024 年度合并及公司利润表、合并及公司现金流量表、 合并及公司股东权益变动表和财务报表附注，并出具了致同审字（2025）第 371A017227 号无保留 ...

威海华东数控股份有限公司 二〇二四年度 审计报告 致同会计师事务所（特殊普通合伙） | | 目 | 录 | | | --- | --- | --- | --- | | 审计报告 | | | 1-5 | | 合并及公司资产负债表 | | | 6-12 | | 合并及公司利润表 | | | 13-16 | | 合并及公司现金流量表 | | | 17-19 | | 合并及公司股东权益变动表 | | | 20-26 | | 财务报表附注 | | | 27-113 | 致同会计师事务所（特殊普通合伙） 中国北京朝阳区建国门外大街 22 号 赛特广场 5 层邮编 100004 电话 +86 10 8566 5588 传真 +86 10 8566 5120 www.grantthornton.cn 审计报告 致同审字（2025）第 371A017227 号 威海华东数控股份有限公司全体股东： 一、审计意见 我们审计了威海华东数控股份有限公司（以下简称华东数控公司）财务 报表，包括 2024 年 12月 31 日的合并及公司资产负债表，2024 年度的合并及公 司利润表、合并及公司现金流量表、合并及公司股东权益变动表以及相关 ...