Revenue and Profitability - The company's revenue for Q1 2025 was CNY 337,017,694.93, representing a 6.94% increase compared to CNY 315,143,112.49 in the same period last year[4]. - Net profit attributable to shareholders increased by 11.67% to CNY 28,397,946.30 from CNY 25,431,095.91 year-on-year[4]. - The net profit after deducting non-recurring gains and losses rose by 28.63% to CNY 20,122,600.56, up from CNY 15,644,056.47 in the previous year[4]. - Basic and diluted earnings per share increased by 33.33% to CNY 0.04 from CNY 0.03 year-on-year[4]. - The company's net profit for the current period is CNY 29,200,290.43, an increase of 15.5% compared to CNY 25,353,942.97 in the previous period[16]. - The total profit amount is CNY 37,107,088.58, up from CNY 33,240,476.23, reflecting a growth of 11.3%[16]. - Operating income for the current period is CNY 37,225,769.83, compared to CNY 33,052,693.41, indicating an increase of 12.6%[16]. - The company’s total comprehensive income for the current period is CNY 29,200,290.43, compared to CNY 25,353,942.97, marking a growth of 15.5%[16]. Cash Flow and Operating Activities - The net cash flow from operating activities decreased by 52.13%, amounting to -CNY 75,976,180.31, compared to -CNY 49,942,197.01 in the same period last year[4]. - The cash flow from operating activities shows a net outflow of CNY -75,976,180.31, worsening from CNY -49,942,197.01 in the previous period[19]. - Cash flow from investment activities has a net inflow of CNY 15,013,739.05, recovering from a net outflow of CNY -2,224,554.90 previously[19]. - The total cash inflow from operating activities is CNY 349,114,873.43, compared to CNY 337,112,671.42 previously, showing an increase of 3.4%[19]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 4,780,951,376.56, a decrease of 0.77% from CNY 4,817,858,249.29 at the end of the previous year[4]. - Total current assets decreased slightly to ¥2,696,979,945.87 from ¥2,704,510,505.82, a decline of 0.3%[12]. - Total non-current assets decreased to ¥2,083,971,430.69 from ¥2,113,347,743.47, a reduction of 1.4%[13]. - Total liabilities decreased to ¥692,703,470.05 from ¥758,810,633.21, a decline of 8.7%[13]. - Cash and cash equivalents decreased to ¥708,140,179.27 from ¥772,831,729.64, a decrease of 8.4%[12]. Shareholders' Equity - Shareholders' equity attributable to shareholders increased by 0.71% to CNY 4,054,601,432.53 from CNY 4,026,203,486.23 at the end of the previous year[4]. - Total equity attributable to shareholders of the parent company increased to ¥4,054,601,432.53 from ¥4,026,203,486.23, an increase of 0.7%[14]. Investment and Expenses - Investment income grew by 50.86% year-on-year, primarily due to increased interest from large orders during the reporting period[7]. - Research and development expenses for the current period were ¥15,044,041.38, down 13.8% from ¥17,447,367.83 in the previous period[15]. - The company received CNY 640,000,000.00 from investment recoveries, up from CNY 500,000,000.00 in the previous period[19]. Accounts Receivable and Financing - Accounts receivable financing increased by 48.43% compared to the beginning of the period, attributed to an increase in 6+9 bank notes held[8]. - Accounts receivable increased to ¥479,875,888.03 from ¥386,693,259.55, reflecting a growth of 24.1%[12]. - The company reported a significant increase in construction in progress by 86.52% compared to the beginning of the period, due to increased equipment purchases[8].

Group 1: Industry Overview - In 2024, the production and sales of passenger vehicles in China reached 27.477 million and 27.563 million units, respectively, representing year-on-year growth of 5.2% and 8% [3] - New energy vehicles (NEVs) achieved production and sales of 1.2888 million and 1.2866 million units, with year-on-year growth of 34.4% and 35.5%, marking a significant milestone as sales exceeded 1 million units, accounting for over 40% of total sales [3] Group 2: Company Performance - The company's revenue decreased by 2.34% year-on-year, while the net profit attributable to shareholders increased by 25.76%, indicating strong overall profitability [4] - The commercial vehicle market showed weakness, with production and sales figures declining by 5.8% and 3.9% year-on-year, respectively [4] Group 3: Future Outlook - The company plans to focus on the development of new products for NEV chassis components, emphasizing the importance of technological advancements and market expansion [3] - Investment in advanced production equipment and automation technology is prioritized to enhance production capacity and meet customer demands in the NEV sector [4]

2025年4月8日，远东传动（SZ002406，股价6.65元，市值48.6亿元）公布了2024年年报。报告期内，公 司实现营业收入12.77亿元，同比下降2.34%；实现归母净利润1.18亿元，同比增长25.76%。 4月9日，远东传动董秘办工作人员在电话中向《每日经济新闻》记者表示，2024年归母净利润增长主要 是因为钢材原材料价格有所下降。 汽车零部件销售量微降 2024年，远东传动汽车零部件业务营业收入约12.20亿元，毛利率同比上涨2.40个百分点。汽车零部件销 售量约370.82万套，同比下降1.69%；生产量379.52万套，同比下降0.39%；库存量约50.99万套，同比上 涨20.57%。 上述工作人员表示，公司目前的库存量在行业中属于较低水平，并且50.99万套的库存量仅仅代表这批 货物在去年12月31日的时间节点还未销售给客户，"可能随后就卖出去了"。 远东传动将等速驱动轴视为布局新能源汽车领域的"关键产品"。年报显示，2024年公司等速驱动轴实现 销售收入9300万元，同比增长200%。 年报提到，2024年远东传动等速项目扩能计划稳步推进，"将满足郑州比亚迪、上汽乘用车等更多整车 配 ...

近期远东传动(002406)发布2024年年报，证券之星财报模型分析如下： 经营概况 远东传动(002406)发布的2024年年报显示，公司营业总收入为12.77亿元，同比下降2.34%。然而，归母 净利润达到了1.18亿元，同比上升25.76%，扣非净利润为8182.95万元，同比上升48.05%。这表明公司 在2024年的盈利能力有所增强。 单季度表现 从单季度数据来看，第四季度营业总收入为3.21亿元，同比下降14.98%，但归母净利润为3212.66万 元，同比上升0.2%，扣非净利润为3338.88万元，同比上升189.73%。这显示出公司在第四季度的盈利能 力大幅提升。 盈利能力分析 公司的毛利率为23.13%，同比增加了11.1%，净利率为9.25%，同比增加了28.6%。这些数据显示出公司 在成本控制和盈利能力方面取得了显著进展。 费用控制 销售费用、管理费用、财务费用总计为1.01亿元，三费占营收比为7.92%，同比减少了4.01%。特别是财 务费用变动幅度为-281.05%，主要原因是报告期利息支出减少。 现金流状况 每股经营性现金流为0.15元，同比增加了247.0%，显示出公司在经营活 ...

Core Insights - The company reported a revenue of 1.277 billion yuan for 2024, a decrease of 2.34% year-on-year, while the net profit attributable to shareholders increased by 25.76% to 118 million yuan, primarily due to a decline in raw material steel prices [1][2] Financial Performance - The automotive parts business generated approximately 1.22 billion yuan in revenue, with a gross margin increase of 2.40 percentage points [2] - The sales volume of automotive parts decreased by 1.69% to approximately 3.7082 million sets, while production volume fell by 0.39% to 3.7952 million sets [2] - The net cash flow from operating activities was about 108 million yuan, a significant increase of 247% year-on-year, attributed to increased customer payments [2] Production Capacity - The company has an annual production capacity of 6 million sets of non-uniform transmission shafts, 150,000 tons of transmission shaft forgings, and 1 million sets (with plans to increase to 2 million sets) of constant velocity drive shafts [3] Strategic Initiatives - The constant velocity drive shaft is viewed as a key product for entering the new energy vehicle sector, with sales revenue for this segment reaching 93 million yuan, a 200% increase [4] - The company is progressing with its expansion plans for the constant velocity project to meet the needs of major clients like Zhengzhou BYD and SAIC Motor [4] - The project for a production line capable of producing 200,000 high-end drive shafts has been delayed until February 28, 2027, due to challenges in the competitive domestic market [4][6] Future Outlook - The company aims to accelerate the construction of the second phase of the constant velocity drive shaft expansion project to ensure stable supply to the new energy vehicle market [6] - Research and development of new products for the chassis components of new energy vehicles will be prioritized in 2025, focusing on customized products for various vehicle models [6]

| | 和 | | | | | | | --- | --- | --- | --- | --- | --- | --- | | 601228 | 广州港 | 0.1280 | 96443.07 | -10.63 | 1407293.13 | 6.66 | | 301488 | 豪恩汽 | 1.1000 | 10091.18 | -11.15 | 140893.71 | 17.25 | | | 电 | | | | | | | 001324 | 长青科 | 0.4361 | 6018.00 | -16.41 | 46042.71 | -13.16 | | | 技 | | | | | | | 002535 | 林州重 | 0.1189 | 9534.40 | -18.47 | 168353.14 | -8.38 | | | 机 | | | | | | | 002075 | 沙钢股 | 0.0700 | 16258.29 | -27.75 | 1441626.09 | -7.69 | | | 份 | | | | | | | 002860 | 星帅尔 | 0.4700 | 14369.40 | -29.03 | 207 ...

Core Viewpoint - The company reported significant growth in revenue and net profit for the year 2024, driven by strong performance in its constant velocity joint (CVJ) business and successful expansion into the new energy vehicle market [1][2]. Financial Performance - The company achieved operating revenue of 1.277 billion yuan and a net profit attributable to shareholders of 118 million yuan, representing a year-on-year increase of 25.76% [1]. - The net cash flow from operating activities reached 108 million yuan, up 247% year-on-year [1]. - The company plans to distribute a cash dividend of 1.5 yuan per 10 shares (tax included) to all shareholders [1]. Business Growth - The CVJ business saw explosive growth, with sales revenue reaching 93 million yuan, a 200% increase year-on-year [1][2]. - Despite a contracting commercial vehicle market, the company maintained revenue stability and profit growth through strategies like "volume-based pricing" and "cost reduction and efficiency enhancement" [2]. - The company’s export total reached 145 million yuan, marking a 15.12% increase year-on-year, with a focus on expanding its presence in overseas markets [2]. Technological Innovation - The company emphasizes continuous investment in research and development, participating in multiple national and provincial key technology projects [3]. - It has established partnerships with universities and research institutions to foster innovation and shared patent resources [3]. - The company has developed new low-energy, long-life CVJ products and optimized its product performance and profit margins through advanced manufacturing techniques [3]. Future Strategy - The company plans to continue its innovation-driven and smart manufacturing strategy, enhancing product technology and market expansion [4]. - It aims to optimize capacity layout and governance structure to improve management efficiency and risk resilience [4].

许昌远东传动轴股份有限公司 内部控制审计报告 大华内字[2025]0011000058 号 大 华 会 计 师 事 务 所 (特 殊 普 通 合 伙 ) Da Hua Certified Public Accountants（Special General Partnership） 许昌远东传动轴股份有限公司 内部控制审计报告 （截止 2024 年 12 月 31 日） 目 录 页 次 一、 内部控制审计报告 1-2 大华会计师事务所（特殊普通合伙） 北京市海淀区西四环中路 16 号院 7 号楼 12 层 [100039] 电话：86 (10) 5835 0011 传真：86 (10) 5835 0006 www.dahua-cpa.com 内 部 控 制 审 计 报 告 大华内字[2025]0011000058 号 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 第 1 页 大华内字[2025] 0011000058 号内部控制审计报告 许昌远东传动 ...

许昌远东传动轴股份有限公司 控股股东及其他关联方资金占用情况的 专项说明 大华核字[2025]0011002207 号 大 华 会 计 师 事 务 所 (特 殊 普 通 合 伙 ) Da Hua Certified Public Accountants（Special General Partnership） 许昌远东传动轴股份有限公司 控股股东及其他关联方资金占用情况的专项说明 （截止 2024 年 12 月 31 日） 目 录 页 次 一、 控股股东及其他关联方资金占用情况的专项 说明 1-2 二、 许昌远东传动轴股份有限公司 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 1 大华会计师事务所（特殊普通合伙） 北京市海淀区西四环中路 16 号院 7 号楼 12 层 [100039] 电话：86 (10) 5835 0011 传真：86 (10) 5835 0006 www.dahua-cpa.com 控 股 股 东 及 其 他 关 联 方 资 金 占 用 情 况 的 专 项 说 明 大华核字【2025】0011002207 号 许昌远东传动轴股份有限公司全体股东： 我们接受委托，依据《中 ...