Company Overview - Tianrun Industrial Technology Co., Ltd. provides a brief overview of its 2024 annual report and operational performance [1] Market Performance - The first quarter production levels are stable compared to the same period last year, with expectations for steady or upward trends in Q2, Q3, and Q4 [1] - The company anticipates greater revenue growth in the latter half of the year due to new product developments and business expansions [1] Client Structure and Revenue - The largest client, Weichai, accounts for approximately 33% of total revenue, while Cummins contributes around 20% [2] - The revenue from large-diameter products, primarily from Weichai, constitutes about 60% of the large-diameter crankshaft and connecting rod business [2] - Last year, large-diameter product revenue represented about 7% of total revenue, with projections for 2025 estimating this to rise to around 10% [2] Product Pricing and Profitability - Pricing for connecting rods ranges from 1,300 to 2,000 RMB, while large-diameter crankshafts can vary significantly from 10,000 to 50,000 RMB based on specifications [3] - The gross margin for heavy-duty crankshaft products is generally around 25%, with large-diameter crankshafts expected to have a higher margin [3] Equipment and Production Flexibility - Equipment for large-diameter crankshafts can be adjusted across different production lines, although switching between heavy-duty and light-duty lines is not feasible [4][5] Industry Trends - The heavy-duty truck sector is currently in a downturn, but production increases could positively impact profit margins [5] - The company is exploring opportunities in the robotics sector, leveraging its automation capabilities and existing technology [6] Air Suspension Business - The air suspension business generated approximately 276 million RMB in 2024, with a projected growth of 10% to 20% for the current year [7]

Financial Performance - The company's operating revenue for 2024 was ¥3,616,529,903.55, a decrease of 9.73% compared to ¥4,006,398,588.06 in 2023[6]. - The net profit attributable to shareholders for 2024 was ¥332,502,020.94, down 14.92% from ¥390,809,177.66 in 2023[6]. - The net cash flow from operating activities decreased by 42.14% to ¥530,367,868.94 in 2024 from ¥916,678,634.55 in 2023[6]. - Basic earnings per share for 2024 were ¥0.29, a decline of 17.14% compared to ¥0.35 in 2023[6]. - Total assets at the end of 2024 were ¥8,142,488,973.85, a decrease of 2.69% from ¥8,367,172,324.57 at the end of 2023[6]. - The total profit for 2024 was CNY 35,771.26 million, down by CNY 6,158.21 million or 14.69% year-on-year, with net profit attributable to shareholders at CNY 33,250.20 million, a decline of 14.92%[58]. - The gross profit margin for the automotive parts manufacturing sector was 22.48%, reflecting a decrease of 3.37% compared to the previous year[64]. Market Expansion and Strategy - The company is focusing on market expansion, targeting a 20% increase in market share in the automotive parts sector by the end of 2025[15]. - The company plans to expand its market presence in Southeast Asia, targeting a 10% market share by 2025[130]. - The company is actively exploring emerging markets and innovative products to adapt to the rapid technological changes in the automotive industry[106]. - The company aims to strengthen its position in the heavy-duty truck market while expanding into new energy and international markets by 2025[107]. Research and Development - The company is investing in new product development, with a budget allocation of 50 million RMB for R&D in 2025[15]. - The company has established a strong R&D capability with multiple national and provincial research centers, enhancing its innovation and product development[51]. - Key R&D projects include the development of high-performance crankshafts for marine engines, aimed at enhancing market competitiveness[76]. - The company is currently developing technologies to improve the fatigue strength of large crankshafts, which is expected to increase sales revenue[77]. - The company's R&D personnel increased to 486 in 2024, a growth of 1.04% compared to 481 in 2023, with the proportion of R&D personnel rising to 14.20% from 13.40%[78]. Corporate Governance - The company has maintained its commitment to corporate governance, with all board members present for the report's approval[4]. - The company operates independently from its controlling shareholders in terms of business, personnel, assets, organization, and finance, ensuring complete operational autonomy[120]. - The company has established a complete and independent financial accounting system, with no shared bank accounts with controlling shareholders, ensuring compliance with tax regulations[121]. - The company has independent directors and a supervisory board, ensuring governance and oversight without conflicts of interest[124]. Environmental Responsibility - The company has established a dedicated department for environmental protection, enhancing the management of environmental issues[173]. - The company has passed the ISO14001 environmental management system certification, demonstrating compliance with national environmental protection laws and regulations[174]. - The company has implemented a rainwater and sewage diversion system, ensuring that all sewage is treated at the sewage treatment station, which processes 500m³ of sewage daily[175]. - The company has increased investment in water pollution control and is actively repairing aging sewage pipelines[175]. Employee Engagement and Welfare - The company conducts various employee engagement activities to enhance team cohesion and improve employee satisfaction[184]. - A total of 407.98 million yuan was spent on employee welfare, including the procurement of 190,000 jin of apples and 420,000 jin of rice as holiday benefits[187]. - The company provided 635,000 yuan in assistance for major illness relief and educational support for 22 individuals[185]. - The company has developed a comprehensive skill training system, integrating various levels of skill assessment and training to enhance employee capabilities and performance[152]. Risk Management - The company has identified risks in its operational strategy, which are detailed in the management discussion section of the report[5]. - Rising raw material prices, particularly for steel and rubber, pose a significant risk to profitability and market competitiveness[106]. - The company is implementing strategies to mitigate risks from raw material price fluctuations, including flexible procurement and long-term supply contracts[108]. Shareholder Engagement - The annual shareholders' meeting had a participation rate of 39.72% on April 16, 2024, indicating strong investor engagement[122]. - The company plans to use idle funds for wealth management, reflecting a strategy for optimizing financial resources[139]. - The board approved the 2023 annual report and financial statements, including the profit distribution plan and internal control self-assessment report[139]. Product Development and Sales - The company developed 79 new products and acquired 5 new clients in the crankshaft and connecting rod sectors, including BYD and China Shipbuilding Power[59]. - The company is diversifying its business into air suspension and commercial vehicle electric steering systems, expanding its market presence[51]. - The sales volume for aftermarket services increased by 3.90% year-on-year, reflecting growth in the aftermarket segment[47]. Financial Management - The total remuneration for directors, supervisors, and senior management during the reporting period amounted to 7.9261 million yuan[138]. - The company has a structured salary scheme that is approved by the board of directors, supervisory board, and shareholders' meeting[136]. - The company has implemented a new salary structure for production staff, introducing skill-based pay to enhance employee skill levels[150].

Core Viewpoint - Tianrun Industrial Technology Co., Ltd. is actively engaging in various business operations, including material manufacturing and service provision, with a focus on maintaining stable financial performance and enhancing investor returns through planned dividend distributions and strategic partnerships [23][32][41]. Group 1: Company Overview - Tianrun Industrial has established several subsidiaries, including Tianrun New Materials, Tianrun Zhongcheng Additive Manufacturing, and Weihai Tianrun Grand Hotel, each contributing to the overall business ecosystem [3][7][10]. - The company has a strong credit standing, with no records of being listed as a dishonest entity, indicating reliable operational capabilities [2][6][9]. Group 2: Financial Performance - As of December 31, 2024, Tianrun Zhongcheng reported total assets of 33.85 million RMB and a net profit of -2.40 million RMB, while Shanghai Yunbai achieved total assets of 31.28 million RMB with a net profit of 3.38 million RMB [3][10][11]. - Tianrun Grand Hotel, however, reported total assets of 10.58 million RMB and a net profit of -0.045 million RMB, reflecting challenges in the hospitality sector [7]. Group 3: Related Party Transactions - The company has established various related party transactions, including rental agreements with Tianrun United and service agreements with its subsidiaries, aimed at optimizing operational efficiency and maintaining fair market practices [13][19][17]. - The expected total amount for related transactions with Tianrun Grand Hotel is capped at 3.20 million RMB for 2025, while transactions with Shanghai Yunbai are expected to reach up to 8 million RMB [18][19]. Group 4: Corporate Governance - The independent directors have reviewed and approved the proposed related party transactions, ensuring compliance with regulations and safeguarding shareholder interests [20][38]. - The company plans to authorize the board to determine the mid-term dividend plan for 2025, contingent on meeting specific financial criteria [32][36]. Group 5: Accounting Policy Changes - Tianrun Industrial has announced changes to its accounting policies in response to new regulations issued by the Ministry of Finance, effective January 1, 2024, which will not significantly impact its financial statements [23][27]. - The adjustments include clarifications on the classification of liabilities and the treatment of quality guarantees, ensuring compliance with updated accounting standards [24][25]. Group 6: Audit and Compliance - The company has proposed to renew its contract with Tianjian Accounting Firm for the 2025 fiscal year, emphasizing the firm's strong investor protection capabilities and compliance with auditing standards [41][46]. - The audit fees for 2025 are projected to remain stable at 900,000 RMB, reflecting the company's commitment to maintaining financial transparency [46].

Core Viewpoint - The company proposes to authorize the board of directors to formulate the 2025 interim dividend plan to enhance shareholder returns and simplify the dividend process [1][2][3] Group 1: 2025 Interim Dividend Arrangement - The company plans to conduct an interim dividend in 2025, contingent upon the following conditions: the company must have positive current profits and accumulated undistributed profits, and cash flow must meet the needs for normal operations and sustainable development [1] - The amount of the interim dividend in 2025 shall not exceed 100% of the net profit attributable to shareholders of the listed company for that period [1] Group 2: Authorization and Approval Process - To simplify the interim dividend process, the board of directors requests the shareholders' meeting to approve the authorization, which will be valid from the date of approval at the 2024 shareholders' meeting until the authorization matter is completed [2] - The board and supervisory board have reviewed and approved the proposal to authorize the board to formulate the 2025 interim dividend plan, considering it compliant with relevant laws and regulations, and beneficial for enhancing investor returns, particularly for minority shareholders [2][3]

Group 1 - The company has proposed a profit distribution plan for the year 2024, which will be submitted for approval at the annual shareholders' meeting [1] - The company achieved a net profit of 150,618,756.31 yuan for 2024, and after accounting for the previous year's cash dividends of 260,158,813.94 yuan, the remaining undistributed profits will be carried forward to the next year [1][2] - The total cash dividend amount for 2024 is set at 225,190,525.60 yuan, which represents 67.73% of the net profit attributable to shareholders [2] Group 2 - The total amount for cash dividends and share repurchases for the year is 277,852,383.10 yuan, accounting for 83.56% of the net profit attributable to shareholders [2] - The company has not encountered any risk warning situations regarding the cash dividend plan, as the cumulative cash dividends over the last three years exceed 30% of the average annual net profit [3] - The proposed cash dividend plan is deemed reasonable and compliant with the company's profit distribution policy, ensuring it does not affect the company's liquidity or debt repayment ability [4]

Group 1 - The company held its second special meeting of the sixth board of independent directors on March 20, 2025, with all three independent directors present [1] - The meeting approved the proposal regarding the estimated daily related transactions for 2025 with a unanimous vote of 3 in favor, indicating that these transactions are normal business activities based on operational needs and do not harm the interests of the company or its shareholders, especially minority shareholders [1] - The meeting also approved the proposal to authorize the board of directors to formulate the mid-term dividend plan for 2025, which aims to simplify the dividend process and enhance investor returns [2] Group 2 - The independent directors believe that the authorization for the board to develop the mid-term dividend plan is compliant with regulations and beneficial for maintaining the long-term interests of all shareholders, particularly minority shareholders [2]

Meeting Overview - The 13th meeting of the 6th Supervisory Board of Tianrun Industrial Technology Co., Ltd. was held on March 26, 2025, with all three supervisors present, complying with legal and regulatory requirements [1]. Financial Report - The 2024 annual financial report was audited by Tianjian Accounting Firm, which issued a standard unqualified audit opinion [2]. - Total profit for 2024 was 357.71 million yuan, a decrease of 61.58 million yuan or 14.69% compared to 2023 [2]. - Net profit for 2024 was 330.59 million yuan, with a decrease of 58.82 million yuan or 15.11% compared to 2023 [2]. - Total liabilities were 2.07 billion yuan, a decrease of 251.76 million yuan or 10.84% from the previous year [2]. Profit Distribution Proposal - The Supervisory Board agreed that the profit distribution proposal for 2024 aligns with relevant regulations and does not harm the interests of the company or its shareholders [3]. Internal Control Assessment - The company has established a comprehensive internal control system that effectively mitigates operational risks and protects shareholder interests [3]. Remuneration of Supervisors - The total remuneration for supervisors in 2024 is 1.3596 million yuan, determined based on performance evaluations [4]. Auditor Appointment - The Supervisory Board approved the reappointment of Tianjian Accounting Firm for the 2025 financial and internal control audit, confirming its independence and professional competence [5]. Related Party Transactions - The expected related party transactions for 2025 will adhere to principles of fairness and transparency, ensuring no harm to the company or minority shareholders [5]. Accounting Policy Change - The Supervisory Board approved the change in accounting policy, confirming compliance with relevant regulations and no detriment to shareholder interests [5]. Mid-Year Dividend Authorization - The proposal to authorize the Board to formulate a mid-year dividend plan for 2025 was approved, aimed at simplifying the dividend process and enhancing investor returns [5].

Meeting Information - The company will hold the 2024 Annual General Meeting on April 22, 2025, at 14:00 [1] - The meeting will be conducted both in-person and via online voting through the Shenzhen Stock Exchange [2] - Voting will be available from 9:15 to 9:25, 9:30 to 11:30, and 13:00 to 15:00 on the same day [1][2] Voting Procedures - Shareholders can choose to vote in person, via the Shenzhen Stock Exchange trading system, or through the internet voting system [2] - Only shareholders registered by the close of trading on the record date are eligible to attend and vote [2][3] - The company will separately count votes from minority investors for all proposals [3][4] Agenda Items - The meeting will discuss the following proposals: 1. Proposal on the remuneration of directors and senior management for 2024 2. Proposal to authorize the board to formulate the mid-term dividend plan for 2025 [2][4] - Related shareholders must abstain from voting on certain proposals, and their votes will not be counted in the total [3] Registration Requirements - Individual shareholders must present their ID and shareholder account card for registration [4] - Corporate shareholders need to provide a copy of the business license, a power of attorney, and identification for the representative [4] - Proxy representatives must have proper authorization documents and identification [4] Contact Information - The company’s securities office is located at Tianrun Road 2-13, Wendeng District, Weihai City, Shandong Province [5] - Contact persons include Liu Li and Lü Xuyi, with provided phone and fax numbers for inquiries [5]

证券代码：002283 证券简称：天润工业 公告编号：2025-013 1、股东大会届次：2024 年度股东大会 2、股东大会的召集人：本次股东大会由公司董事会召集，《关于召开 2024 年度股东大会的议案》已于 2025 年 3 月 26 日在公司第六届董事会第 十八次会议上审议通过。 3、会议召开的合法性、合规性：本次股东大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、深圳证券交易所相关业务规则和 公司章程的规定。 4、会议召开日期和时间： 现场会议召开时间：2025 年 4 月 22 日（星期二）14:00 天润工业技术股份有限公司 关于召开2024年度股东大会的通知 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。 经天润工业技术股份有限公司（以下简称"公司"）第六届董事会第十 八次会议决议，公司定于 2025 年 4 月 22 日召开 2024 年度股东大会，现将 会议有关事项通知如下： 一、召开会议的基本情况 网络投票时间：2025 年 4 月 22 日 其中，通过深圳证券交易所交易系统进行网络投票的具体时间为：2025 年 4 月 2 ...

证券代码：002283 证券简称：天润工业 公告编号：2025-006 天润工业技术股份有限公司 第六届监事会第十三次会议决议公告 本公司及监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、会议召开情况 天润工业技术股份有限公司（以下简称"公司"）第六届监事会第十三次 会议通知于 2025 年 3 月 15 日以电子邮件方式发出，于 2025 年 3 月 26 日在 公司会议室以现场和通讯表决相结合的方式召开，会议由监事会主席马明亮 先生主持，应出席监事 3 人，实际出席监事 3 人。本次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、会议审议情况 1、会议以 3 票同意、0 票反对、0 票弃权，审议通过了《2024 年年度报 告》及摘要。 经审核，监事会认为：董事会编制和审议公司《2024 年年度报告》及摘 要的程序符合法律、行政法规和中国证监会的规定，报告内容真实、准确、 完整地反映了公司的实际情况，不存在任何虚假记载、误导性陈述或者重大 遗漏。 本项议案尚须提交公司 2024 年度股东大会审议。 2、会议以 3 票同意、0 票反 ...