证券代码:002452 证券简称:长高电新 公告编号:2024-31 长高电新科技股份公司 二、其他事项说明 公司回购股份的时间、回购股份价格及集中竞价交易的委托时段符合《深圳 证券交易所上市公司自律监管指引第 9 号——回购股份》第十七条、第十八条的 相关规定。 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）。 根据《上市公司股份回购规则》《深圳证券 ...

行业投资评级 研究所： 证券分析师： 证券分析师： 联系人： [Table_Title] 盈利能力提升，550kV 组合电器贡献新增量 ——长高电新（002452）2023 年年报点评 2023Q4，公司实现营收 4.29 亿元，环比+3.83%，同比+1.05%；归母净 利润 0.09 亿元，环比-88.50%，同比+135.03%；毛利率 33.84%，环比 -3.88pct，同比+2.93pct；净利率 1.85%，环比-17.35pct，同比+9.58pct。 表现 1M 3M 12M 550kV 组合电器等新产品获突破，贡献新增长点。2023 年，长高电 气研发的 550kV GIS 在国家电网集中招标首次投标即实现中标；长 高森源研发的 10kV 硅钢配电变压器在省配网实现中标、10kV 非晶 合金变压器通过国网资格审查，具备了投标资格，同时实现了订单 零的突破；长高成套研发生产的 35kV 充气柜和 KYN61 柜在 2023 年国网总部集招中取得中标，中标金额排名前列。报告期内，受益 于产品结构的改变及盈利能力提升，长高电气/长高成套/长高森源净 利润分别同比+204.44%、39.99%和 ...

Investment Rating - The report maintains a "Strong Buy" rating for the company [1][15]. Core Views - The company has significantly improved its performance in 2023, with a notable recovery in revenue and profit levels. The overall gross margin reached 34.44%, an increase of 3.15 percentage points year-on-year. The operating cash flow turned positive at 253 million yuan, up 11.2% year-on-year, and the debt-to-asset ratio decreased to 30.23%, down 5.15 percentage points year-on-year [1][14]. - The company has released further impairment risks in 2023, with total asset impairment losses of 44 million yuan and credit impairment losses of 12 million yuan. The goodwill impairment for a subsidiary has been fully accounted for, eliminating further impairment risks [2][14]. Financial Summary - The company achieved a revenue of 1.493 billion yuan in 2023, a year-on-year increase of 22.12%, and a net profit attributable to shareholders of 173 million yuan, up 198.57% year-on-year. The net profit excluding non-recurring items reached 156 million yuan, a 266.79% increase year-on-year [14][16]. - The main subsidiaries contributed to revenue as follows: Longgao High Voltage Switch (353 million yuan), Longgao Electric (725 million yuan), Longgao Senyuan (208 million yuan), and Longgao Complete Equipment (178 million yuan), with respective year-on-year growth rates of -2.1%, +42%, +2.4%, and +29.5% [14]. - The company has made significant breakthroughs in its 500kV combination electrical equipment, marking its first successful bid for 3.72 million yuan and a subsequent bid of 53.265 million yuan in a major project [14][15]. Financial Projections - The company is projected to achieve net profits of 310 million yuan, 379 million yuan, and 455 million yuan for the years 2024, 2025, and 2026, respectively, with corresponding earnings per share (EPS) of 0.50 yuan, 0.61 yuan, and 0.73 yuan [15][16].

Financial Performance - The company's operating revenue for 2023 reached ¥1,493,382,897.55, representing a 22.12% increase compared to ¥1,222,900,130.75 in 2022[22]. - The net profit attributable to shareholders for 2023 was ¥173,076,512.15, a significant increase of 198.57% from ¥58,050,599.47 in 2022[23]. - The net cash flow from operating activities for 2023 was ¥252,941,946.10, reflecting an 11.20% increase from ¥227,460,613.74 in 2022[23]. - The basic earnings per share for 2023 was ¥0.2790, up 198.40% from ¥0.0936 in 2022[23]. - The total assets at the end of 2023 were ¥3,241,125,614.56, a slight decrease of 0.45% from ¥3,254,980,104.24 at the end of 2022[23]. - The net assets attributable to shareholders increased by 7.65% to ¥2,259,339,573.43 at the end of 2023, compared to ¥2,099,088,026.81 at the end of 2022[23]. - The company reported a quarterly revenue of ¥429,014,506.60 in Q4 2023, contributing to a total annual revenue of ¥1,493,382,897.55[28]. - The company's total revenue for 2023 reached approximately 17.46 billion, an increase from 15.54 billion in the previous year, reflecting a growth of 12.2%[30]. - The revenue from power transmission and transformation equipment reached ¥1,384,754,083.80, accounting for 92.73% of total revenue, with a year-on-year growth of 24.40%[64]. - The company achieved a total operating revenue of ¥1,493,382,897.55 in 2023, representing a year-on-year increase of 22.12% compared to ¥1,222,900,130.75 in 2022[64]. Dividend Distribution - The company plans to distribute a cash dividend of 0.7 CNY per 10 shares (including tax) to all shareholders, based on a total share base of 607,149,885 shares after deducting repurchased shares[4]. - The net profit attributable to shareholders for 2023 was CNY 173,076,512.15, with the distributable profit at CNY 938,224,482.09 after statutory reserves[175]. - The cash dividend distribution accounted for 100% of the total profit distribution amount[175]. Risk Management - The company acknowledges various risks including industry, market, and material price fluctuation risks that may impact profitability[4]. - The company has established a comprehensive risk management framework to address potential financial and operational risks[4]. - The company recognizes industry risks related to changes in national policies and investment delays, which could impact economic benefits[117]. - The company is implementing strategies to mitigate risks from raw material price fluctuations by adjusting sales prices in line with market trends[118]. - The company is addressing management risks associated with rapid growth by ensuring that management practices evolve with the company's scale[120]. - The company is exploring partnerships with large state-owned enterprises to mitigate funding risks associated with large-scale renewable energy projects[122]. Research and Development - The company is committed to enhancing its product offerings and technological advancements in the energy sector[4]. - The company has invested 9.675 billion in major power source projects, marking a year-on-year increase of 30.1%[36]. - The company applied for 53 invention patents and 51 utility model patents in 2023, with 11 invention patents and 44 utility model patents granted[50]. - The company has established 5 national-level and 5 provincial-level innovation R&D centers, enhancing its core competitiveness[48]. - The company is focusing on R&D for new products, including 363kV GIS, 550kV GIL, and 750kV GIS, to enhance product competitiveness and meet market demands[113]. - The company is advancing the CGIS-12(Z)/T2500-31.5 project, which has completed type testing and is entering small batch production, enhancing product competitiveness and profit growth potential[76]. - The company has successfully developed 18 new products, with 8 classified as internationally leading and 10 as internationally advanced[50]. - The company aims to improve product competitiveness through the development of a new series of high-voltage outdoor transformers, with a focus on meeting market demand and enhancing product variety[75]. Market Expansion and Strategy - The company plans to expand its business scope to include various import and export activities, as well as the construction and operation of electric vehicle charging facilities[21]. - The company aims to strengthen its marketing capabilities and expand into new markets, including the southern grid and overseas markets, to diversify its order sources[112]. - The company has adjusted its marketing strategy to enhance its presence in the distribution network market, focusing on city-level markets rather than provincial markets[101]. - The company plans to redirect the remaining funds from the headquarters technology center and regional operation center project, totaling RMB 16.6963 million, to the Jinzhou Production Base Phase III project[101]. Corporate Governance - The company has a strong commitment to corporate governance, with independent directors overseeing key decisions[141]. - The company’s governance structure has been strengthened, ensuring compliance with regulatory requirements and enhancing transparency[127]. - The total pre-tax remuneration for directors, supervisors, and senior management amounted to CNY 3.17 million[148]. - The remuneration decision process involves the compensation and assessment committee, which submits proposals to the board and shareholders[146]. - The company has established a strict review process for remuneration payments, ensuring compliance with the approved compensation plan[146]. - The board approved the use of idle funds to purchase structured deposits from banks[150]. Environmental Management - The company has implemented a comprehensive environmental management system, achieving ISO 14001 certification covering all main business areas[196]. - The company has adhered to environmental protection policies and industry standards for pollutant emissions[186]. - The company has established a risk management process for potential environmental incidents, including a detailed emergency response plan[197]. - The company conducted maintenance on its wastewater treatment facilities to ensure stable compliance with discharge standards[187]. - The company has a valid pollution discharge permit effective from August 1, 2023, to July 31, 2026[186]. Employee Management - The total number of employees at the end of the reporting period was 1,814, with 171 in the parent company and 1,643 in major subsidiaries[157]. - The professional composition includes 1,050 production personnel, 120 sales personnel, 457 technical personnel, 29 financial personnel, and 158 administrative personnel[157]. - The company aims to establish a salary system that balances internal equity and market competitiveness, linking compensation to performance and contributions[158][160]. - The total hours of outsourced labor amounted to 468,160 hours, with total payments for outsourced labor reaching CNY 11,749,980[171]. Future Outlook - The company provided a positive outlook for the next fiscal year, projecting a revenue growth of 25% based on new product launches and market expansion strategies[126]. - The company plans to raise 780 million CNY through a public offering of convertible bonds to support high-quality development and fund three key projects[112]. - The company aims to strengthen its technical capabilities and R&D through the establishment of a national-level technology platform and testing center[101].

Investment Rating - The investment rating for the company is "Buy - A" with a target price of 7.50 CNY over the next six months [3][8]. Core Views - The company has shown robust growth in its equipment business, with a revenue increase of 22.12% year-on-year, reaching 1.4934 billion CNY in 2023. The net profit attributable to the parent company surged by 198.57% to 173.1 million CNY [5][8]. - The engineering segment has also improved, with a revenue of 96 million CNY in 2023, reflecting a year-on-year growth of 16.9%. The company aims to enhance management of its engineering subsidiary, Hubei Huawang, to achieve profitability [7][8]. - The company is expected to continue its growth trajectory, with projected revenues of 1.928 billion CNY, 2.616 billion CNY, and 3.457 billion CNY for 2024, 2025, and 2026, respectively, indicating growth rates of 29.1%, 35.7%, and 32.2% [8][21]. Financial Performance - The equipment segment achieved a revenue of 1.385 billion CNY in 2023, a 24.4% increase from the previous year, with a gross margin improvement of 4.3%, reaching 37.19% [18]. - The company has a total market capitalization of 3.9267 billion CNY and a circulating market capitalization of 3.2657 billion CNY, with a total share capital of 620.33 million shares [3][5]. - The projected earnings per share (EPS) for 2024 is 0.50 CNY, with a net profit margin expected to reach 16.2% [21][27]. Market Position and Strategy - The company is focusing on expanding its product offerings and market reach, particularly in high-voltage switchgear and other innovative products, to maintain its competitive edge in the industry [18][8]. - The company plans to strengthen its presence in both domestic and international markets, aiming to diversify its customer base and reduce dependency on specific clients [18][8].

长高电新科技股份公司 2023 年度 审计报告 CAC 证审字[2024]0052 号 审计机构:中审华会计师事务所(特殊普通合伙) 您可使用手机"扫一扫"或进入"注册会计师行业统一监管平台（http://acc.mof.gov.cn）"进行查 您可使用手机"扫一扫"或进入"注册会计师行业统一监管平台（http://acc.mof.gov.cn）"进行查 | 目 灵 | 页 码 | | --- | --- | | 一、审计报告 | 1-6 | | 二、已审财务报表 | | | 1、合并资产负债表 | 7-8 | | 2、合并利润表 | 9 | | 3、合并现金流量表 | 10 | | 4、合并所有者权益变动表 | 11-12 | | 5、母公司会计报表 | 13-18 | | 6、财务报表附注 | 19-127 | | 三、附件 | | 1、审计机构营业执照及执业许可证复印件 目 录 审计报告 CAC 证审字[2024]0052 号 长高电新科技股份公司全体股东: 一、审计意见 二、形成审计意见的基础 我们按照中国注册会计师审计准则的规定执行了审计工作。审计报告的"注册会计 师对财务报表审计的责任"部分进一步 ...

暨履行监督职责情况的报告 长高电新科技股份公司董事会审计委员会 关于会计师事务所 2023 年度履职情况评估报告 根据《公司法》《证券法》《上市公司治理准则》《国有企业、上市公司选聘 会计师事务所管理办法》《深圳证券交易所上市公司自律监管指引第 1 号——主板 上市公司规范运作》和《长高电新科技股份公司章程》等规定和要求，长高电新科 技股份公司（以下简称公司）董事会审计委员会本着勤勉尽责的原则，恪尽职守， 认真履职。现将董事会审计委员会对中审华会计师事务所（特殊普通合伙）（以下 简称中审华）2023 年度履职评估及履行监督职责的情况汇报如下： 一、2023 年年审会计师事务所基本情况 1.会计师事务所基本情况 中审华于 2000 年 9 月 19 日成立，注册地天津，前身是天津会计师事务所成立 于 1984 年，是新中国恢复注册会计师制度以来成立最早的会计师事务所之一，也是 天津市规模最大的会计师事务所，于 1994 年取得财政部、证监会颁发的证券期货特 许从业资质。90 年代末，事务所脱钩改制，2000 年 7 月，经天津市财政局以财会协 （2000）34 号文件批准组建成全国第一家拥有证券、期货相关业务资 ...

证券代码：002452 证券简称：长高电新 公告编号：2024-29 本公司及董事会全体成员保证公告内容真实、准确和完整，没有虚假记载、误导性 陈述或重大遗漏。 一、召开会议的基本情况 1、股东大会届次：2023 年度股东大会 2、股东大会的召集人：第六届董事会第十次会议于 2024 年 3 月 25 日审议通过了 《关于审议公司提请召开 2023 年度股东大会的议案》。 3．会议召开的合法、合规性：按照《中华人民共和国公司法》及《公司章程》等 有关规定，公司董事会召集、召开本次股东大会会议符合有关法律、行政 法规、部门 规章、规范性文件和《公司章程》的相关规定。 4、会议召开的日期、时间 现场会议时间：2024 年 4 月 19 日下午 15:00 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 4 月 19 日 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 系统投票的具体时间为 2024 年 4 月 19 日上午 9:15 至 2024 年 4 月 19 日下午 15:00 期间 的任意时间。 5、会议召开方式： 长高电 ...

本公司及监事会全体成员保证公告内容真实、准确和完整，没有虚假记载、 误导性陈述或者重大遗漏。 证券代码：002452 证券简称：长高电新 公告编号：2024-22 长高电新科技股份公司 第六届监事会第九次会议决议公告 长高电新科技股份公司（下称"公司"）第六届监事会第九次会议于 2024 年 3 月 25 日在总部大楼 16 楼会议室召开。公司于 2024 年 3 月 15 日以专人送达 及电子邮件、传真形式通知了全体监事。根据《公司章程》，本次监事会应到监 事 3 名，实际到会监事 3 名。会议由监事会主席陈志刚先生主持。 与会监事对本次会议审议的议案进行了充分讨论，会议表决并作出如下决议： 1、审议通过了《关于审议公司 2023 年度监事会报告的议案》； 《2023 年度监事会报告》请详见 2024 年 3 月 27 日的巨潮资讯网 （www.cninfo.com.cn）。 审议结果：3 票赞成；0 票反对；0 票弃权，一致通过。 本议案需提交公司股东大会审议。 2、审议通过了《关于审议公司 2023 年年度报告及其摘要的议案》； 经审核，监事会认为董事会编制和审核的公司 2023 年年度报告的程序符合 ...

长高电新科技股份公司独立董事 2023 年度述职报告（张传富） 根据《公司法》《上市公司独立董事管理办法》《深圳证券交易所上市公司 自律监管指引第 1 号—主板上市公司规范运作》以及《公司章程》《公司独立董 事工作制度》等有关规定，本人作为长高电新科技股份公司（以下简称"公司" 或"本公司"）独立董事，现将本人 2023 年度工作情况述职如下： 一、 本人专业背景、工作履历及兼职情况 本人是电气专业教授级高级工程师，享受国务院政府特殊津贴。1964 年 7 月毕业于西安交通大学电气绝缘专业。1964 年 8 月起，历任第一机械工业部上 海电动工具研究所科研生产组副组长、科研办公室副主任、第二研究室副主任、 副总工程师兼电动工具研究室主任等职。1985 年至 2015 年任全国电动工具标 准化技术委员会一、二届委员兼秘书长；1989 年至 2013 年 4 月，连续六届出 任中国电器工业协会电动工具分会秘书长；2007 年至 2013 年受国家认监委聘 任为 TC20、TC23 技术专家组成员。本人从事与本公司所处行业相关的专业研 究数十年，有着丰富的电器、机械等相关专业知识，能利用专业所长为公司产 品研发，行 ...