江苏神通机构投资者 调研活动记录 会议地点：公司总部1106会议室 会议时间：2024年5 月20日 会议主持：章其强 会议记录：陈鸣迪 出席人数：18名 一、会议开始 本次机构投资者现场会议和电话调研会议同一时间进行，由公司副总裁兼董 秘章其强先生主持，章总首先向参加调研活动的研究员表示欢迎，同时强调了关 于遵守承诺函的约定和上市公司信息披露的有关规定。其次，章其强先生向投资 者介绍了公司基本情况、公司发展战略规划及近期主要工作的进展情况。 二、沟通交流 问：神通新能源目前的经营情况怎么样？ 答：公司投资设立的南通神通新能源科技有限公司布局氢能源阀门应用领域，主 要开展氢燃料电池、储氢系统及加氢站等领域所需特种高压阀门的研发生产，相 关产品主要面向70-105MPa高压氢阀，涵盖由制氢、储氢、运氢到加氢站用的高 压阀门，应用场景包括加氢站、物流车、叉车、无人机、氢能电动自行车等，已 具备批量供货的能力，已广泛应用于国内氢能应用大多数头部企业。在车载储＆ ...

证券代码：002438 证券简称：江苏神通 江苏神通阀门股份有限公司投资者关系活动记录表 编号：2024-009 □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 □新闻发布会 □路演活动 类别 □√现场参观 □√其他（电话调研） 参与单位名称及 国金证券、国元证券、国联证券、国泰君安、兴业证券、中信证 券、东北证券 人员姓名 时间 2024年5 月20日 地点 公司总部1106会议室 ...

Group 1: Investor Relations Activity - The investor relations activity included a performance briefing and on-site visit [1] - Participating institutions included Invesco Great Wall Fund, Guotai Junan Securities, and Founder Securities [1] Group 2: Meeting Details - The performance briefing took place on May 10, 2024, in the company meeting room [1] - Key company representatives included President Wu Jianxin and Vice President Zhang Qiqiang [1] Group 3: Communication Focus - Institutional investors discussed the company's production operations, future development plans, and strategies [1] - The meeting aimed to enhance communication between the company and investors [1]

江苏神通阀门股份有限公司 关于使用部分暂时闲置募集资金进行现金管理到期收回的公告 本公司及董事会全体成员保证公告内容真实、准确和完整，并对公告中的虚 假记载、误导性陈述或重大遗漏承担责任。 证券代码：002438 证券简称：江苏神通 公告编号：2024-034 根据上述决议，2023 年 11 月 13 日，公司与中国银行启东支行签署了七天 通知存款产品，具体内容详见 2023 年 11 月 15 日刊载于公司指定信息披露媒体 《证券时报》《上海证券报》和巨潮资讯网（http://www.cninfo.com.cn）上的 《关于使用部分闲置募集资金进行现金管理的进展公告》（公告编号：2023-052）。 公司于 2024 年 5 月 15 日收回部分本金 1,000 万元及收益 73,708.33 元，本 金及利息已全额转回公司的募集资金专户存储。 公告日前十二个月内公司使用闲置募集资金进行现金管理尚未到期的情况 1 江苏神通阀门股份有限公司董事会 江苏神通阀门股份有限公司（以下简称"本公司"或"公司"）于 2023 年 1 月 16 日召开第六届董事会第五次会议和第六届监事会第五次会议，审议通过 了《关于继 ...

证券代码：002438 证券简称：江苏神通 公告编号：2024-033 江苏神通阀门股份有限公司 2023 年年度股东大会决议公告 本公司及董事会全体成员保证公告内容真实、准确和完整，并对公告中的虚 假记载、误导性陈述或重大遗漏承担责任。 重要提示： 1、本次股东大会召开期间没有增加、否决或变更议案情况发生； 2、本次股东大会采取现场投票与网络投票相结合的方式召开。 5、会议表决方式：现场投票与网络投票表决相结合的方式 6、股权登记日：2024 年 5 月 9 日 7、现场会议主持人：公司董事长韩力先生 一、 会议召开情况 1、会议通知情况：公司董事会于 2024 年 4 月 23 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《江苏神通阀门股份 有限公司关于召开 2023 年年度股东大会的通知》； 2、会议召开时间： （1）现场会议召开时间：2024年5月14日（星期二）下午14:00。 （2）网络投票时间为：2024年5月14日（星期二）。 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：2024年5 月14日9:15～9:25，9:30 ...

上海市通力律师事务所 关于江苏神通阀门股份有限公司 2023 年度股东大会的法律意见书 致: 江苏神通阀门股份有限公司 上海市通力律师事务所(以下简称"本所")接受江苏神通阀门股份有限公司(以下简称 "公司")的委托, 指派本所徐青律师、纪宇轩律师(以下简称"本所律师")根据《中华人民 共和国公司法》《中华人民共和国证券法》《上市公司股东大会规则》等法律法规和规范 性文件(以下统称"法律法规")及《江苏神通阀门股份有限公司章程》(以下简称"公司章 程")的规定就公司 2023 年年度股东大会(以下简称"本次股东大会")相关事宜出具法律 意见。 本所律师已经对公司提供的与本次股东大会有关的法律文件及其他文件、资料予以了 核查、验证。在进行核查验证过程中, 公司已向本所保证, 公司提供予本所之文件中的所有 签署、盖章及印章都是真实的, 所有作为正本提交给本所的文件都是真实、准确、完整和有 效的, 且文件材料为副本或复印件的, 其与原件一致和相符。 在本法律意见书中, 本所仅对本次股东大会召集和召开的程序、出席本次股东大会人员 资格和召集人资格及表决程序、表决结果是否符合法律法规和公司章程的规定发表意见, 并 不对 ...

江苏神通阀门股份有限公司（以下简称"公司"）于近日收到由江苏省科学 技术厅、江苏省财政厅、国家税务总局江苏省税务局等部门联合颁发的高新技术 企业证书，现将有关情况公告如下： 公司于 2023 年顺利通过了高新技术企业的认定，并取得《高新技术企业证 书》，证书编号为 GR202332006782，发证时间为 2023 年 11 月 6 日，有效期为三 年。 本次系公司原高新技术企业证书有效期满后再次获得高新技术企业认定，根 据国家对高新技术企业的相关税收优惠政策规定，公司自通过高新技术企业认定 起连续三个年度（2023-2025 年）继续享受国家关于高新技术企业的税收优惠政 策，即按 15%的税率缴纳企业所得税。 2023 年度公司已按 15%的税率预缴企业所得税，以上税收优惠政策并不影响 公司 2023 年的相关财务数据。 特此公告。 证券代码：002438 证券简称：江苏神通 公告编号：2024-032 江苏神通阀门股份有限公司 关于再次获得高新技术企业认定的公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假记 载、误导性陈述或重大遗漏。 江苏神通阀门股份有限公司董事会 2024 年 ...

Investment Rating - The report maintains a "Buy" rating for Jiangsu Shentong, expecting the stock price to outperform the industry index by over 15% in the next six months [25]. Core Views - The company achieved a revenue of 2.133 billion yuan in 2023, representing a year-on-year growth of 9.1%, and a net profit of 269 million yuan, up 18.2% year-on-year [15][19]. - The diversification of downstream industries is expected to support long-term growth, with significant contributions from sectors such as energy and semiconductor equipment [2][3][19]. - The company plans to raise 300 million yuan through a private placement to fund a high-end valve intelligent manufacturing project, which is anticipated to enhance its capabilities in the nuclear power sector [27]. Financial Summary - Revenue is projected to grow from 2.133 billion yuan in 2023 to 3.424 billion yuan by 2026, with a compound annual growth rate (CAGR) of approximately 18.2% [1]. - The net profit is expected to increase from 269 million yuan in 2023 to 481 million yuan in 2026, with corresponding EPS rising from 0.53 yuan to 0.95 yuan [1][19]. - The company's return on equity (ROE) is forecasted to improve from 8.2% in 2023 to 11.1% in 2026 [1]. Order and Revenue Breakdown - In 2023, the company secured new orders totaling 2.916 billion yuan, with significant contributions from various sectors including nuclear energy and metallurgy [16]. - The revenue from the energy service sector saw a notable increase of 64.01% year-on-year, driven by new projects coming online [2]. Strategic Initiatives - The establishment of "Shentong New Energy" focuses on the development of high-pressure valves for hydrogen energy applications, indicating a strategic move towards emerging energy sectors [3]. - The company is also advancing in the semiconductor equipment sector through its subsidiary "Shentong Semiconductor," which is currently in the prototype validation stage for key components [3].

证券代码：002438 证券简称：江苏神通 公告编号：2024-031 江苏神通阀门股份有限公司 关于举行 2024 年第一季度网上业绩说明会的公告 为充分尊重投资者、提升交流的针对性，现就公司 2024 年第一季度业绩说 明会提前向投资者公开征集问题，广泛听取投资者的意见和建议。投资者可于 2024 年 5 月 9 日（星期四）15:00 前访问 https://ir.p5w.net/zj/，或扫描下 方二维码，进入问题征集专题页面。公司将在 2024 年第一季度业绩说明会上， 对投资者普遍关注的问题进行回答。 江苏神通阀门股份有限公司（以下简称"公司"）2024 年第一季度报告已 于 2024 年 4 月 30 日刊登于巨潮资讯网、《证券时报》《上海证券报》。 江苏神通阀门股份有限公司董事会 为方便广大股东和投资者特别是中小投资者进一步了解公司 2024 年第一季 度的经营情况，公司定于 2024 年 5 月 10 日（星期五）下午 15:00-17:00 在全 景网举行 2024 年第一季度业绩网上说明会，本次业绩说明会将采用网络远程的 方 式 举 行 ， 广 大 投 资 者 可 登 陆 全 景 网 " ...

Financial Performance - The company's operating revenue for Q1 2024 was CNY 570,566,604.49, representing a 14.78% increase compared to CNY 497,091,458.19 in the same period last year[2] - Net profit attributable to shareholders for Q1 2024 was CNY 83,694,808.60, up 10.17% from CNY 75,969,470.17 in the previous year[2] - The net profit after deducting non-recurring gains and losses was CNY 80,474,775.05, reflecting a 12.65% increase from CNY 71,439,637.32 year-on-year[2] - Total operating revenue for Q1 2024 reached ¥570,566,604.49, an increase of 14.77% compared to ¥497,091,458.19 in the same period last year[22] - Net profit for Q1 2024 was ¥83,694,624.75, representing a growth of 10.36% from ¥75,969,470.17 in Q1 2023[23] - The total comprehensive income for the first quarter of 2024 was approximately ¥83.69 million, compared to ¥75.97 million in the same period last year, representing an increase of about 10.5%[24] - Basic and diluted earnings per share for the first quarter were both ¥0.1649, up from ¥0.1497 in the previous year, indicating a growth of approximately 10.1%[24] Assets and Liabilities - The company's total assets at the end of Q1 2024 were CNY 5,726,490,283.87, a decrease of 2.04% from CNY 5,845,909,153.64 at the end of the previous year[2] - Total assets decreased to ¥5,726,490,283.87 from ¥5,845,909,153.64, a decline of 2.03%[20] - Total liabilities decreased to ¥2,365,097,645.02 from ¥2,568,211,139.54, a reduction of 7.91%[20] Cash Flow - Cash flow from operating activities showed a net outflow of CNY 97,410,048.26, which is a 2.66% increase in outflow compared to CNY 94,888,134.01 in the same period last year[2] - Cash inflows from operating activities totaled ¥468.41 million, down from ¥548.49 million year-over-year, reflecting a decrease of about 14.6%[26] - The net cash outflow from operating activities was ¥97.41 million, slightly worse than the previous year's outflow of ¥94.89 million[27] - Cash inflows from investment activities were ¥80.11 million, significantly lower than ¥242.69 million in the prior year, marking a decline of approximately 67.0%[27] - The net cash outflow from investment activities was ¥176.06 million, compared to an outflow of ¥166.08 million in the same period last year[27] - Cash inflows from financing activities amounted to ¥472.97 million, an increase from ¥250.00 million year-over-year, representing a growth of approximately 89.2%[27] - The net cash outflow from financing activities was ¥78.76 million, an improvement from the previous year's outflow of ¥101.06 million[27] - The ending cash and cash equivalents balance was ¥269.95 million, down from ¥428.94 million at the end of the previous year, indicating a decrease of about 37.0%[28] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 20,324[9] - The top shareholder, Ningbo Juyuan Ruili Venture Capital Partnership, holds 82,678,557 shares, accounting for a significant portion of the company's equity[12] - The report highlights the involvement of major shareholders in financing activities, with specific details on shareholding structures provided[12] Investments and Projects - The company plans to raise 300 million RMB through a private placement to fund high-end valve intelligent manufacturing projects, focusing on specialized valves for the nuclear energy sector[14] - The company received approval from the National Nuclear Safety Administration for the renewal of its civil nuclear safety equipment manufacturing license for its wholly-owned subsidiary, Wuxi Flange[15] - The company aims to enhance its R&D and manufacturing capabilities for high-end valves, addressing domestic needs and expanding export potential[14] - The report indicates that the company is actively engaged in the development of core technologies for high-end valves, aiming for self-sufficiency in nuclear power valve manufacturing[14] - The company is committed to strengthening its supply chain for high-end valve components, particularly in the nuclear energy sector[14] Operational Metrics - The weighted average return on equity was 2.52%, a slight decrease of 0.02 percentage points compared to 2.54% in the previous year[2] - Total operating costs for Q1 2024 were ¥471,059,941.42, up 15.03% from ¥409,462,061.75 in Q1 2023[22] - The company reported R&D expenses of ¥19,160,136.03, slightly down from ¥20,188,624.49 in the previous year[23] - Long-term equity investments slightly decreased to ¥50,587,292.47 from ¥51,369,775.58[19] - The company experienced a 66.75% increase in long-term borrowings, indicating new financing activities during the reporting period[6] Audit and Reporting - The company has not undergone an audit for the first quarter report[29] - The company’s financial report for Q1 2024 is pending, with expectations for improved performance metrics[17]