证券代码：002452 证券简称：长高电新 公告编号：2024-67 长高电新科技股份公司 第六届董事会第十六次会议决议公告 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、误导性陈述或者重大遗漏承担责任。 长高电新科技股份公司（以下称"公司"）第六届董事会第十六次会议于 2024 年 10 月 25 日以通讯表决的方式召开。公司于 2024 年 10 月 17 日以专人送达及 电子邮件、微信等形式通知了全体董事，本次董事会会议应出席董事 9 人，亲自 出席董事 9 人，公司监事及高级管理人员列席会议。本次会议对出席人数、召集 召开程序、议事内容均符合《中华人民共和国公司法》及《公司章程》的要求。 公司董事长马孝武先生为本次董事会主持人。 一、与会董事对本次会议审议的全部议案进行讨论，并以表决票表决的方式， 进行了审议表决： 1、审议通过了《关于审议公司 2024 年第三季度报告的议案》； 同意公司按照定期报告编制的相关格式指引及要求，根据公司财务部门提交 的 2024 年三季度财务报表编制的《2024 年第三季度报告》。 表决结果：9 票赞成，0 票反对，0 票弃权，一致通过。 ...

Financial Performance - The company's operating revenue for Q3 2024 was ¥402,473,763.37, a decrease of 2.60% compared to the same period last year[2]. - The net profit attributable to shareholders for Q3 2024 was ¥59,596,004.64, down 24.54% year-on-year[2]. - The net profit after deducting non-recurring gains and losses was ¥56,072,878.18, a decrease of 25.79% compared to the previous year[2]. - The basic earnings per share for Q3 2024 was ¥0.0968, reflecting a decline of 23.96% year-on-year[2]. - Total revenue for the third quarter reached ¥1,131,746,201.16, an increase of 6.3% compared to ¥1,064,368,390.95 in the same period last year[14]. - The company's net profit margin improved, with net profit attributable to shareholders reaching ¥1,076,766,259.92, compared to ¥938,224,482.09 in the previous year, marking a growth of 14.8%[13]. - The net profit for Q3 2024 was CNY 181,061,408.87, an increase of 11.5% compared to CNY 162,916,417.88 in Q3 2023[15]. - Operating profit for Q3 2024 reached CNY 213,826,384.73, up from CNY 199,220,549.88 in the same period last year, reflecting a growth of 7.9%[15]. - The total comprehensive income attributable to the parent company was CNY 181,079,057.17, compared to CNY 162,916,417.88 in Q3 2023, marking an increase of 11.1%[15]. - Earnings per share for Q3 2024 were CNY 0.2952, up from CNY 0.2644 in Q3 2023, representing a growth of 11.5%[15]. Cash Flow and Investments - The net cash flow from operating activities for Q3 2024 was ¥246,060,911.12, representing a significant increase of 102.84% year-on-year[5]. - The net cash flow from investment activities improved by 81.15% year-on-year, amounting to CNY -45,699,412.28, due to decreased expenditures on structured deposit financial products[6]. - Cash inflow from financing activities increased by 196.63% to CNY 59,305,374.20, mainly from employee stock subscription payments[6]. - Cash outflow from financing activities rose by 144.44% to CNY 153,701,651.76, driven by increased cash dividends and stock repurchase expenditures[6]. - The net increase in cash and cash equivalents was CNY 105,900,334.83, a 164.66% improvement, attributed to higher cash generated from operating and investment activities[6]. - Cash flow from operating activities generated CNY 1,354,496,233.45, compared to CNY 1,208,344,110.49 in Q3 2023, indicating a year-over-year increase of 12.1%[16]. - The company reported a net cash flow from financing activities of -CNY 94,396,277.56, worsening from -CNY 42,886,687.64 in the previous year[17]. - Cash and cash equivalents at the end of Q3 2024 totaled CNY 865,291,209.14, an increase from CNY 503,300,088.34 at the end of Q3 2023[17]. Assets and Liabilities - The total assets at the end of Q3 2024 amounted to ¥3,354,712,245.35, an increase of 3.50% from the end of the previous year[2]. - The total liabilities increased to ¥1,018,553,241.53 from ¥979,655,856.73, showing a rise of 4.0%[12]. - The equity attributable to shareholders at the end of Q3 2024 was ¥2,334,009,680.33, up 3.30% from the previous year[2]. - The company’s equity attributable to shareholders increased to ¥2,334,009,680.33 from ¥2,259,339,573.43, reflecting a growth of 3.3%[13]. - The company reported a significant increase in accounts payable, which rose to ¥480,274,342.18 from ¥425,075,916.18, a growth of 12.9%[12]. Expenses - Management expenses for Q3 2024 rose to ¥83,547,891.52, a 30.65% increase compared to the same period last year[5]. - Operating costs for the quarter were ¥946,992,912.18, up from ¥872,596,075.63, reflecting a year-over-year increase of 8.5%[14]. - Research and development expenses for the quarter were ¥53,055,299.97, compared to ¥42,862,485.01 in the previous year, an increase of 23.5%[14]. - The company incurred a total operating expense of CNY 1,108,435,322.33, slightly up from CNY 1,087,038,228.62 in Q3 2023[16]. Shareholder Information - The total number of common shareholders at the end of the reporting period was 32,922, with the largest shareholder holding 13.59% of shares[7]. - The employee stock ownership plan subscribed for 13,182,200 shares at a price of CNY 3.361 per share, totaling CNY 44,305,374.20 in subscription payments[9]. - The company repurchased shares amounting to CNY 80.01 million during the reporting period, which contributed to the increase in cash outflows from financing activities[6]. Market Strategy - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[18].

证券代码：002452 证券简称：长高电新 公告编号：2024-65 下，直接占用本协议项下授信额度。长高电气就本次授信与招行长沙分行签订了《最高 额不可撤销担保书》（编号：731XY240910T00007401），最高额担保金额 1000 万元，长 高弘瑞少数股东郭周平、郭乔林按照其在长高弘瑞的持股比例向长高电气提供反担保。 长高电新科技股份公司（以下简称"公司"）分别于 2024 年 3 月 25 日和 2024 年 4 月 19 日召开第六届董事会第十次会议和 2023 年年度股东大会，审议通过了《关于审议 2024 年度为子公司提供担保额度预计的议案》，根据子公司业务发展需要，为提高决策 效率，公司拟为全资、控股子公司的日常经营事项提供合计不超过人民币 62,400 万元的 担保额度，其中向资产负债率为 70%以上（含）的控股子公司提供的担保额度为 2,000 万元，向资产负债率低于 70%的控股子公司提供的担保额度合计不超过 60,400 万元。 对于 70%以上纳入合并报表范围（含 70%）的子公司，可以提供全额担保，但少数股东 须提供相应的反担保。上述担保额度包含了公司对子公司和孙公司以及子公 ...

长高电新科技股份公司 根据企业会计准则相关规定，公司对持有富特科技的股权按照"长期股权投 资"科目列报，并对其采用"权益法"进行核算。富特科技上市不会对公司当期 业绩及财务状况产生重大影响。敬请广大投资者理性投资，注意风险。 特此公告。 长高电新科技股份公司 关于参股公司首次公开发行股票并在创业板上市的公告 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。 长高电新科技股份公司（以下简称"公司"）的参股公司浙江富特科技股份 有限公司（以下简称"富特科技"）于 2024 年 9 月 4 日在深圳证券交易所创业板 上市，股票简称：富特科技，股票代码：301607，发行价格为 14 元/股。富特科 技在创业板上市的详细内容可在巨潮资讯网（http://www.cninfo.com.cn）上查阅。 证券代码：002452 证券简称：长高电新 公告编号：2024-64 截至本公告披露日，公司持有富特科技 804.12 万股，占其首次公开发行后 总股本的 7.24%。公司持有的富特科技上述股份自其上市之日起 12 个月内不得 转让。 2024 年 9 月 5 日 董 事 会 ...

三、中标风险提示 一、中标公告主要内容 本次中标公示媒体是国家电网有限公司电子商务平台，招标人是国家电网有 限公司，详细内容请查看国家电网有限公司电子商务平台。 二、中标对公司的影响和本次中标的意义 本次四个子公司上述中标金额合计人民币 23,308.02 万元，占公司 2023 年经 审计合并营业收入的 15.61%。签署正式合同后，其合同的履行预计将对公司 2024 年及以后年度的经营业绩产生积极影响，且不影响公司的独立性。 证券代码：002452 证券简称：长高电新 公告编号：2024-63 长高电新科技股份公司 关于子公司在国家电网中标的公告 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。 2024 年 9 月 3 日，国家电网有限公司电子商务平台（https://ecp.sgcc.com.cn） 发布了《国家电网有限公司 2024 年第五十五批采购（输变电项目第四次变电设 备（含电缆）招标采购）中标公告》。长高电新科技股份公司（以下简称"公司"） 100%纳入合并报表范围内的子公司湖南长高电气有限公司、湖南长高高压开关 有限公司、湖南长高森源电力设备 ...

Investment Rating - The investment rating for the company is "Buy - A" with a 6-month target price of 7.50 CNY [4][8]. Core Views - The company reported a revenue of 729 million CNY for the first half of 2024, representing a year-on-year growth of 11.99%, and a net profit attributable to the parent company of 121 million CNY, up 42.84% year-on-year [1][2]. - The equipment segment showed steady growth, with revenue from power transmission and transformation equipment reaching 690 million CNY, a year-on-year increase of 12.22%. The gross margin for this segment improved to 38.21%, up 2.90 percentage points year-on-year [2][3]. - The engineering segment's revenue for the first half of 2024 was 28 million CNY, reflecting a year-on-year growth of 14.32%, aided by reduced operating costs [2]. Summary by Sections Financial Performance - In Q2 2024, the company achieved revenue of 475 million CNY, a year-on-year increase of 12.19%, and a net profit of 92 million CNY, up 41.95% year-on-year [1]. - The company expects revenues of 1.93 billion CNY, 2.62 billion CNY, and 3.46 billion CNY for 2024, 2025, and 2026 respectively, with growth rates of 29.1%, 35.7%, and 32.2% [7][9]. Market Position and Orders - The company secured significant orders from the State Grid, totaling 261 million CNY, 222 million CNY, 271 million CNY, and 233 million CNY across four bidding rounds [3]. - New product lines, including 500kV combined electrical appliances, have contributed to a strengthened product portfolio and improved market position [3]. Valuation Metrics - The company is projected to have a PE ratio of 24 times for comparable companies in 2024, while the company itself is given a PE of 15 times, leading to a target price of 7.50 CNY [8][10].

币种：人民币 单位：元 3 | 非经营性资金 | | 占用方与上市公 | 上市公司核算的会 | 2024 年期初占用 | 2024 年 1-6 月占 | 2024 年 1-6 | 2024 年 1-6 月偿还 | 2024年6月30日占用 | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | 资金占用方名称 | | | | | 月资金占用 | | | 占用形成原因 | 性质 | | 占用 | | 司的关联关系 | 计科目 | 资金余额 | 用累计发生金额 | 的利息 | 累计发生金额 | 资金余额 | | | | 现大股东及其 | | | | | | | | | | | | 附属企业 | | | | | | | | | | | | 前大股东及其 | | | | | | | | | | | | 附属企业 | | | | | | | | | | | | 总计 | | | | | | | | | | | | 其他关联资金 | | 往来方与上市公 | 上市公司核算的会 | 2024 年期初往来 | 2024 年 1- ...

证券代码：002452 证券简称：长高电新 公告编号：2024-59 长高电新科技股份公司 第六届董事会第十五次会议决议公告 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、误导性陈述或者重大遗漏承担责任。 同意公司按照定期报告编制的相关格式指引及要求，根据公司财务部门提交 的《2024 半年度财务报告》及公司 2024 年上半年经营情况等编制的《2024 半年 度报告》全文及摘要。 表决结果：9 票赞成，0 票反对，0 票弃权，一致通过。 2024 年半年度报告全文及摘要请详见 2024 年 8 月 30 日巨潮资讯网 （www.cninfo.com.cn），半年度报告摘要同时刊登在《证券时报》《中国证券报》 《上海证券报》和《证券日报》。 2、审议通过了《关于审议<2024 年半年度募集资金存放与使用情况的专项 报告>的议案》 长高电新科技股份公司（以下称"公司"）第六届董事会第十五次会议以现 场表决的方式召开，现场会议于 2024 年 8 月 28 日在公司总部大楼十六楼会议室 召开。公司于 2024 年 8 月 18 日以专人送达及电子邮件、微信等形式通知了全体 董事，本次 ...

Investment Rating - The report upgrades the investment rating of the company to "Buy" with a target price of 9.8 CNY per share [5][92]. Core Views - The company is a leading supplier of high-voltage switches in China, benefiting from the ongoing upgrades in the power grid and the acceleration of ultra-high voltage (UHV) construction. The company achieved a revenue of 1.4938 billion CNY in 2023, a year-on-year increase of 22.12%, and a net profit of 173.08 million CNY, a significant increase of 198.15% [1][27]. - The company is expanding its product matrix, including the development of new products such as GIL (Gas Insulated Line), which has a broad potential demand due to policies promoting the underground transformation of overhead lines [2][85]. Summary by Sections 1. High Voltage Switch Supplier with Steady Growth - The company is one of the largest suppliers of high-voltage isolation switches in China, with a leading market share in the State Grid. Its product range includes isolation switches, combination electrical devices, and switch cabinets, covering all aspects of power generation, transmission, and distribution [19][66]. - The company’s revenue from isolation switches has been stable, while combination electrical devices and complete electrical devices have seen rapid growth, indicating a diversified revenue stream [29][63]. 2. Acceleration of Power Grid Transformation and UHV Construction - The investment in the power grid is expected to increase significantly, with a projected total investment of over 600 billion CNY in 2024, driven by the integration of renewable energy sources [1][50]. - The company is well-positioned to benefit from the acceleration of UHV construction, with significant projects planned and ongoing, including the construction of large-scale wind and solar bases [54][61]. 3. Expansion of High Voltage Switches and Distribution Network Products - The company’s high-voltage switch products, including isolation switches and combination electrical devices, are expected to see increased market share due to ongoing projects and successful bids in recent tenders [2][66]. - The company is also expanding its distribution network products, which include switch cabinets and transformers, to capture more market opportunities [75][77]. 4. Risk Mitigation and Value Recovery - The company has fully accounted for goodwill impairment related to its acquisition of Huawang Electric Power, reducing future risks associated with this asset [86][87]. - The company’s financial forecasts indicate a steady recovery in profitability, with expected net profits of 303.4 million CNY, 385.02 million CNY, and 446.51 million CNY for 2024, 2025, and 2026, respectively [5][92]. 5. Profit Forecast and Investment Recommendations - The report maintains profit forecasts for the company, projecting revenues of 1.82978 billion CNY, 2.3948 billion CNY, and 2.75486 billion CNY for 2024, 2025, and 2026, respectively [6][92]. - The company is expected to achieve an EPS of 0.49 CNY, 0.62 CNY, and 0.72 CNY for the same years, with corresponding P/E ratios of 15, 12, and 10 [5][92].

证券代码:002452 证券简称:长高电新 公告编号:2024-57 长高电新科技股份公司 关于回购公司股份的进展公告 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。 重要内容提示： 长高电新科技股份公司（以下简称"公司"）于 2024 年 2 月 7 日召开第六 届董事会第九次会议，审议通过了《关于回购公司股份方案的议案》，同意公司 使用不低于人民币 8,000 万元（含）且不超过人民币 16,000 万元（含）的自有 资金以集中竞价交易方式回购公司已发行的人民币普通股（A 股）股票，用于员 工持股计划或股权激励，回购价格不超过 9.19 元/股，实施期限为自公司董事会 审议通过本次回购方案之日起 6 个月内。具体内容详见公司于 2024 年 2 月 8 日 在巨潮资讯网（www.cninfo.com.cn）披露的《关于回购公司股份方案的公告》 （公告编号：2024-14）。 鉴于公司 2023 年年度权益分派已于 2024 年 5 月 16 日实施完毕，根据公司 回购股份方案，自 2023 年度权益分派除权除息之日（2024 年 5 月 16 日）起， 公 ...