Financial Performance - The company's operating revenue for 2024 reached ¥1,271,905,241.24, representing a 71.84% increase compared to ¥740,174,399.69 in 2023[18]. - Net profit attributable to shareholders for 2024 was ¥274,537,418.47, up 66.99% from ¥164,401,129.65 in 2023[18]. - The basic earnings per share for 2024 increased to ¥0.7063, a 61.92% rise from ¥0.4362 in 2023[18]. - Total assets at the end of 2024 amounted to ¥3,194,462,847.19, reflecting a 21.16% growth from ¥2,636,505,545.76 at the end of 2023[18]. - The company reported a cash flow from operating activities of ¥150,389,081.17, which is a decrease of 13.26% compared to ¥173,373,864.98 in 2023[18]. - The weighted average return on equity for 2024 was 12.68%, an increase of 3.96% from 8.72% in 2023[18]. - The company achieved significant growth in annual main business revenue and profit, driven by strategic initiatives and market-oriented approaches[29]. - The company reported a net profit attributable to shareholders of ¥80,886,040 for Q1 2024, a significant increase from ¥23,831,820 in Q1 2023[60]. - The total sales revenue for the reporting period reached 1,282,000,000 CNY, representing a year-on-year increase of 54.56% compared to 829,000,000 CNY in the previous year[72]. - The company’s major clients accounted for 53.66% of the total annual sales, with the top client, Zhengzhou Transportation Development Investment Group, contributing 48.90% of the total sales[76]. Dividend and Profit Distribution - The company plans to distribute a cash dividend of 2.00 RMB per 10 shares to all shareholders, based on a total of 389,580,420 shares[3]. - The cumulative cash distribution over the three years from 2024 to 2026 is set to be no less than 30% of the average annual distributable profit, with a minimum total of 50 million RMB[170]. - The total distributable profit for the year 2024, after accounting for dividends, is 812,309,925.22 RMB[172]. - The independent directors have fulfilled their responsibilities in the decision-making process regarding the cash dividend policy[170]. - The company has a stable profit distribution policy, ensuring that the cash dividend policy aligns with the company's articles of association and shareholder resolutions[170]. Research and Development - R&D investment totaled 10,431.48 million yuan, a decrease of 0.86% year-on-year, with R&D expenses accounting for 8.20% of operating revenue, down 6.01% from the previous year[56]. - The company holds 400 authorized patents (including 108 invention patents) and 183 software copyrights as of the end of 2024, with 44 new patents (including 14 invention patents) and 11 software copyrights added in 2024[51]. - The company is focusing on the development of AI technologies, expanding the application of AI video analysis modules and intelligent monitoring systems[127]. - The company plans to significantly boost R&D investment, focusing on customer demands for mature products such as signal monitoring and disaster prevention systems[127]. - The company has made progress in the R&D of energy storage equipment, completing trial production and performance testing of a 125 kW/250 kWh energy storage container[32]. Market and Industry Trends - The company plans to enhance market share by increasing market development efforts and strengthening partnerships with leading domestic and international firms[28]. - The railway transportation sector is supported by national policies, providing a favorable environment for the company's research and development of new products[38]. - The company is actively participating in national railway group projects, including the development of railway perimeter intrusion monitoring systems[127]. - The demand for equipment upgrades in urban rail systems is expected to increase as many lines approach the end of their design lifespan, creating opportunities for the company[121]. - The company anticipates challenges from macroeconomic conditions and industry policy changes, which may impact market opportunities[130]. Corporate Governance - The company has no controlling shareholder, ensuring independence in operations, personnel, assets, and finances[143]. - The company maintains a complete and independent financial accounting system, with independent bank accounts and tax obligations[144]. - The company emphasizes the protection of shareholder rights by adhering to legal regulations and enhancing corporate governance, ensuring transparency in information disclosure[188]. - The management team includes experienced professionals with backgrounds in engineering, finance, and management, enhancing the company's strategic capabilities[148][149][150]. - The company has a structured remuneration system for its directors and senior management, which is reviewed by the board and approved by the shareholders[154]. Employee and Social Responsibility - Employee welfare is prioritized with benefits including free transportation, health check-ups, and a fair compensation system, fostering a harmonious labor relationship[190]. - The company donated 200,000 yuan to support educational public welfare, demonstrating its commitment to social responsibility[191]. - The total number of employees at the end of the reporting period is 863, with 447 in the parent company and 416 in major subsidiaries[165]. - The company has implemented an employee stock ownership plan to enhance governance and motivate core teams[190]. - The company emphasizes continuous innovation to meet current and future customer needs, upgrading its monitoring product line towards intelligent data analysis and AI capabilities[51].

Financial Performance - The company's revenue for Q1 2025 was ¥215,018,417.19, representing a 3.70% increase compared to ¥207,337,378.89 in the same period last year[5] - Net profit attributable to shareholders was ¥95,345,834.16, up 17.88% from ¥80,886,049.37 year-on-year[5] - Operating profit for the current period was ¥109,163,856.43, up from ¥94,846,432.09, reflecting a growth of 15.1%[17] - Net profit increased to ¥95,144,720.44, compared to ¥80,730,587.28 in the previous period, marking a rise of 17.9%[17] - The total comprehensive income attributable to the parent company was ¥95,345,834.16, compared to ¥80,886,049.37 in the previous period, showing an increase of approximately 17.1%[18] Cash Flow - The net cash flow from operating activities increased by 31.03%, reaching ¥7,363,095.16, compared to ¥5,619,491.78 in the previous year[5] - Cash flow from operating activities generated a net amount of ¥7,363,095.16, compared to ¥5,619,491.78 in the previous period, indicating an increase of approximately 31.0%[20] - Total cash inflow from operating activities was ¥251,611,756.82, up from ¥196,282,425.50, marking a growth of around 28.2%[20] - The company reported a cash inflow of ¥4,601,669.62 from tax refunds, significantly higher than ¥348,359.42 in the previous period[20] - Net cash flow from investing activities was ¥84,550,035.75, a significant improvement from a net outflow of ¥55,846,412.65 in the previous period[20] - The company received cash from investment income amounting to ¥14,590,647.86, compared to ¥4,138,341.33 in the previous period, reflecting an increase of about 253.5%[20] Assets and Liabilities - Total assets at the end of the reporting period were ¥3,211,967,450.37, a 0.55% increase from ¥3,194,462,847.19 at the end of the previous year[5] - Total current assets amounted to ¥2,187,194,832.78, an increase from ¥2,113,187,709.50, representing a growth of 3.5%[14] - Total non-current assets decreased to ¥1,024,772,617.59 from ¥1,081,275,137.69, a decline of 5.2%[14] - Total liabilities decreased to ¥776,916,683.63 from ¥860,086,187.00, a reduction of 9.7%[15] - Total equity increased to ¥2,435,050,766.74 from ¥2,334,376,660.19, reflecting a growth of 4.3%[15] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 42,173[10] - Basic earnings per share rose to ¥0.2447, reflecting a 16.80% increase from ¥0.2095 in the same period last year[5] - Basic and diluted earnings per share increased to ¥0.2447 from ¥0.2095, reflecting a rise of about 16.8%[18] Other Income and Expenses - Other income increased by 183.75% year-on-year, primarily due to an increase in VAT refunds received during the reporting period[8] - The company reported a significant increase in prepayments, which rose by 141.24% due to increased material payments as per procurement contracts[8] - Research and development expenses for the current period were ¥23,832,079.68, up from ¥20,837,475.78, indicating an increase of 14.3%[17] - The company received government subsidies amounting to ¥711,110.90, contributing to its financial performance[6] Accounts Payable - The company reported a decrease in accounts payable from ¥448,452,928.90 to ¥433,914,596.41, a decline of 3.3%[15] - Cash and cash equivalents increased to ¥364,317,473.82 from ¥274,369,310.71, a significant rise of 32.8%[13] - Cash and cash equivalents at the end of the period reached ¥330,691,848.31, compared to ¥237,527,754.35 at the end of the previous period, an increase of approximately 39.2%[21]

辉煌科技（002296）公告，2025年第一季度营业收入2.15亿元，同比增长3.70%。净利润9534.58万元， 同比增长17.88%。 ...

Investment Rating - The report maintains an "Accumulate" rating for the company, indicating an expected price increase of 5% to 15% relative to the CSI 300 index over the next six months [21]. Core Views - The company is projected to achieve a net profit of 247 to 312 million yuan in 2024, representing a year-on-year growth of 50% to 90%, with a non-recurring net profit growth of 111.16% to 169.51% [6]. - The company is actively expanding into new business areas such as energy storage equipment and smart microgrid technology, which may provide additional growth opportunities [8]. - The railway equipment renewal and transformation demand is gradually being released, supported by a historical high in national railway fixed asset investment in 2024, which reached 850.6 billion yuan, a year-on-year increase of 11.3% [12][9]. Financial Performance - The company reported a gross margin of 54.09% in the first three quarters of 2024, an increase of 10.98 percentage points year-on-year, and a net profit margin of 28.34%, up 3.51 percentage points year-on-year [9]. - Revenue is expected to grow from 740 million yuan in 2023 to 962 million yuan in 2024, reflecting a growth rate of 30% [12]. - The projected net profit for 2024 is 275 million yuan, with a corresponding price-to-earnings ratio (PE) of 15.99 [12]. Market Position and Competitive Advantage - The company has a strong reputation within the national railway industry, with significant advantages in its comprehensive monitoring system products, particularly in the Henan region [9]. - The company serves major clients including the China National Railway Group and various urban rail transit groups, positioning it well within the growing market for railway and urban transit solutions [9]. - The company is leveraging advanced technologies such as AI, cloud platforms, and big data to enhance its product offerings, which may lead to new business growth points [9]. Industry Outlook - The urban rail transit sector is expected to see continued high investment, with over 1,000 kilometers of new operational lines anticipated in 2025, contributing to a robust market environment for the company [12]. - The overall investment in the railway and urban rail transit sectors is projected to remain high, providing substantial opportunities for the company to capitalize on equipment upgrades and new projects [12].

Investment Rating - The report maintains an "Accumulate" rating for the company, indicating an expected price increase of 5% to 15% relative to the CSI 300 index over the next six months [22]. Core Insights - The company is projected to achieve a net profit of 247 to 312 million yuan in 2024, representing a year-on-year growth of 50% to 90%, with a non-recurring net profit growth of 111.16% to 169.51% [6]. - The company has a strong reputation in the national railway industry, with significant advantages in its comprehensive monitoring system products, particularly in the Henan region [9]. - The company is actively expanding into new business areas, including energy storage and smart microgrid technologies, which are expected to contribute to future growth [8][10]. - The railway fixed asset investment in 2024 is expected to reach a historical high of 850.6 billion yuan, with continued high investment in urban rail transit, indicating a robust market for the company's products [12]. Financial Performance - The company reported a gross margin of 54.09% in the first three quarters of 2024, an increase of 10.98 percentage points year-on-year, and a net profit margin of 28.34%, up by 3.51 percentage points [9]. - Revenue is expected to grow from 740 million yuan in 2023 to 962 million yuan in 2024, reflecting a growth rate of 30% [12]. - The projected net profit for 2024 is 275 million yuan, with a corresponding price-to-earnings ratio of 15.99 [12]. Market Position and Opportunities - The company is well-positioned as a supplier of rail transit equipment and integrated operation maintenance solutions, benefiting from its early entry into the market [12]. - The demand for equipment upgrades and renovations in the railway sector is anticipated to create additional market opportunities for the company [12]. - The integration of advanced technologies such as AI and big data into the company's product lines is expected to drive new business growth [9].

证券代码：002296 证券简称:辉煌科技 公告编号:2025-002 河南辉煌科技股份有限公司 关于 2022 年员工持股计划出售完毕暨终止的公告 一、2022年员工持股计划的基本情况 1、公司于 2022 年 3 月 14 日召开了第七届董事会第十七次会议和第七届监 事会第十五次会议，于 2022 年 3 月 30 日召开了 2022 年第一次临时股东大会， 审议通过了《关于公司<2022 年员工持股计划（草案）>及其摘要的议案》《关 于公司<2022 年员工持股计划管理办法>的议案》《关于提请股东大会授权董事会 办理 2022 年员工持股计划相关事宜的议案》，同意公司实施本次员工持股计划。 本次员工持股计划的股票来源为 2021 年 2 月 24 日至 2022 年 2 月 23 日期间 公司回购专用账户已回购的 A 股普通股股票。根据公司收到的中国证券登记结算 有限责任公司深圳分公司出具的《证券过户登记确认书》，公司回购专用证券账 户所持有公司股票 18,190,000 股已于 2022 年 4 月 22 日以非交易过户形式过户 至公司开立的"河南辉煌科技股份有限公司－2022 年员工持股计划"专户， ...

Financial Projections - The estimated net profit for 2024 is projected to be between 246.60 million and 312.36 million CNY, compared to 164.40 million CNY in the same period last year[3]. - The net profit attributable to shareholders is expected to grow by 50.00% to 90.00% year-on-year[3]. - The net profit after deducting non-recurring gains and losses is projected to be between 237.97 million and 303.73 million CNY, representing a year-on-year growth of 111.16% to 169.51%[3]. - Basic earnings per share are expected to be between 0.6330 CNY and 0.8018 CNY, compared to 0.4362 CNY in the previous year[3]. Reasons for Profit Increase - The main reason for the profit increase is attributed to the completion of more projects in the main business, leading to increased operating revenue[5]. Audit and Caution - The financial data in this earnings forecast has not been audited by an accounting firm[4]. - The company has communicated with the accounting firm regarding this earnings forecast, and there are no significant discrepancies[4]. - Investors are advised to exercise caution as the earnings forecast is based on preliminary estimates and the actual financial data will be disclosed in the 2024 annual report[6]. Reporting Period and Announcement - The reporting period for the earnings forecast is from January 1, 2024, to December 31, 2024[3]. - The announcement was made by the board of directors on January 21, 2025[8].

2、本次股东大会不涉及变更以往股东大会已通过的决议。 一、会议召开情况 1、会议通知情况 河南辉煌科技股份有限公司（以下简称"公司"）已于2024年12月6日在《证 券时报》《上海证券报》及巨潮资讯网（http://www.cninfo.com.cn）上刊登了 《关于召开2024年第一次临时股东大会的通知》。 2、会议召集人：公司董事会 证券代码：002296 公司简称：辉煌科技 公告编号：2024-031 河南辉煌科技股份有限公司 2024 年第一次临时股东大会决议公告 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。 特别提示： 1、本次股东大会未出现否决提案的情形。 （1）现场会议召开时间：2024年12月26日（星期四）下午14:30开始。 3、会议方式：现场投票与网络投票相结合 4、会议召开时间 （2）网络投票时间：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2024年12月26日的交易时间，即9:15-9:25，9:30-11:30 和13:00-15:00； 通过深圳证券交易所互联网投票系统开始投票的时间为2024年12月26日上午 9:1 ...

国浩律师（北京）事务所 关 于 河南辉煌科技股份有限公司 2024 年第一次临时股东大会 之 法律意见书 北京/上海/深圳/杭州/广州/昆明/天津/成都/宁波/福州/西安/南京/南宁/济南/重庆/苏州/长沙/太原/武汉/贵阳 乌鲁木齐/郑州/石家庄/合肥/海南/青岛/南昌/大连/银川/香港/巴黎/马德里/斯德哥尔摩/纽约/马来西亚 地址：北京市朝阳区东三环北路38号泰康金融大厦9层邮编：100026 电话：010-65890699 传真：010-65176800 电子信箱：grandallbj@grandall.com.cn 网址：http://www.grandall.com.cn 2024 年 12 月 国浩律师（北京）事务所 法律意见书 国浩律师（北京）事务所 关于河南辉煌科技股份有限公司 2024 年第一次临时股东大会 之 法律意见书 国浩京证字[2024]第 0870 号 致：河南辉煌科技股份有限公司 国浩律师（北京）事务所（简称"本所"）接受河南辉煌科技股份有限公司 （简称"公司"或"上市公司"）的委托，指派赵清律师、董靖政律师（简称"本 所律师"）见证公司 2024 年 12 月 26 日召开的 ...

河南辉煌科技股份有限公司 公司章程 （2024年12月修订） （二○二四年十二月） | 第一章 | | 总则 2 | | --- | --- | --- | | 第二章 | | 经营宗旨和范围 3 | | 第三章 | 股 | 份 4 | | 第一节 | | 股份发行 4 | | 第二节 | | 股份增减和回购 4 | | 第三节 | | 股份转让 5 | | 第四章 | | 股东和股东大会 6 | | 第一节 | | 股东 6 | | 第二节 | | 股东大会 9 | | 第三节 | | 股东大会的召集 12 | | 第四节 | | 股东大会的提案和通知 13 | | 第五节 | | 股东大会的召开 15 | | 第六节 | | 股东大会的表决和决议 18 | | 第五章 | | 董事会 23 | | 第一节 | | 董 事 23 | | 第二节 | | 董事会 27 | | 第六章 | | 经理及其他高级管理人员 32 | | 第七章 | | 监事会 33 | | 第一节 | | 监事 33 | | 第二节 | | 监事会 34 | | 第三节 | | 监事会决议 35 | | 第八章 | | 财务会计制度 ...