Financial Performance - The company's revenue for Q1 2025 was ¥1,213,032,081.46, representing a 13.09% increase compared to ¥1,072,669,978.90 in the same period last year[5] - Net profit attributable to shareholders increased by 54.27% to ¥93,239,717.16 from ¥60,440,603.79 year-on-year[5] - Basic and diluted earnings per share rose by 50.00% to ¥0.15 from ¥0.10 in the same quarter last year[5] - The company reported a total comprehensive income of ¥103,849,980.02, compared to ¥69,816,379.52, an increase of 48.7%[18] - Net profit for the current period was ¥103,745,437.30, representing a 50.2% increase from ¥69,087,102.40 in the previous period[18] - The net profit attributable to the parent company was ¥93,239,717.16, compared to ¥60,440,603.79, marking a growth of 54.3%[18] Cash Flow and Liquidity - The net cash flow from operating activities decreased by 32.15%, amounting to -¥265,564,271.30, compared to -¥200,961,606.69 in the previous year[5] - Operating cash flow for the period was -265,564,271.30 CNY, compared to -200,961,606.69 CNY in the previous period, indicating a decline in cash generation from operations[19] - Cash inflow from operating activities totaled 684,497,522.30 CNY, down from 730,744,208.18 CNY in the previous period, reflecting a decline in operational cash receipts[19] - Total cash outflow from operating activities was 950,061,793.60 CNY, compared to 931,705,814.87 CNY in the previous period, indicating an increase in operational cash expenditures[19] - The ending balance of cash and cash equivalents was 833,311,433.48 CNY, up from 472,049,059.96 CNY in the previous period, indicating an increase in liquidity[20] Assets and Liabilities - Total assets at the end of the reporting period were ¥8,044,651,288.06, a decrease of 0.98% from ¥8,124,198,475.68 at the end of the previous year[5] - Total liabilities decreased to ¥3,512,147,379.57 from ¥3,695,810,274.34, a reduction of 5.0%[16] - Total current assets amounted to ¥5,923,593,963.83, down from ¥6,000,285,858.11, indicating a decrease of about 1.3%[14] - The company's cash and cash equivalents decreased to ¥1,109,008,033.63 from ¥1,559,457,742.66, representing a decline of approximately 29%[14] - The company's inventory decreased slightly to ¥907,723,499.12 from ¥922,861,872.54, a decline of about 1.6%[14] Shareholder Information - The company reported a total of 275,470,809 shares held by its largest shareholder, accounting for a significant portion of ownership[11] - The top ten shareholders collectively hold a total of 309,000,000 shares, indicating strong institutional support[11] - The company has no significant changes in shareholder relationships or actions reported during the period[11] - There are no preferred shareholders or other important matters reported for this quarter[12] Operating Performance - The company reported a 49.20% increase in operating profit, attributed to higher sales revenue and improved gross margin[7] - Total operating revenue for the current period reached ¥1,213,032,081.46, an increase of 13.1% compared to ¥1,072,669,978.90 in the previous period[17] - Total operating costs amounted to ¥1,125,307,057.50, up from ¥1,032,763,598.93, reflecting a growth of 8.9%[17] Investment and Expenses - The company's investment income from joint ventures and associates surged by 13,509.41% due to improved performance and profit growth in these entities[7] - Cash paid for fixed assets, intangible assets, and other long-term assets increased by 54.88% year-on-year, reflecting investments in new products and projects[8] - Research and development expenses were ¥57,713,795.58, down from ¥62,135,938.71, a decrease of 7.3%[17] - The company received tax refunds amounting to 5,727,053.53 CNY, significantly higher than 2,060,099.82 CNY in the previous period, reflecting improved tax recovery[19]

Financial Performance - The company's operating revenue for 2024 reached ¥4,998,663,738.33, representing a 5.05% increase compared to ¥4,758,217,908.69 in 2023[16] - Net profit attributable to shareholders increased by 36.69% to ¥136,470,101.86 from ¥99,835,844.98 in the previous year[16] - The net profit after deducting non-recurring gains and losses was ¥89,355,321.63, up 57.62% from ¥56,691,650.73 in 2023[16] - The net cash flow from operating activities improved by 36.64% to ¥499,966,697.20 compared to ¥365,900,468.46 in 2023[16] - Basic and diluted earnings per share increased by 37.50% to ¥0.22 from ¥0.16 in the previous year[16] - Total assets at the end of 2024 were ¥8,124,198,475.68, a 10.20% increase from ¥7,372,277,475.84 at the end of 2023[16] - The net assets attributable to shareholders rose by 2.11% to ¥3,915,658,010.02 from ¥3,834,646,870.63 in 2023[16] - The company achieved a sales revenue of 4.999 billion yuan, representing a year-on-year growth of 5.05%[74] - The net profit attributable to shareholders reached 136 million yuan, with a year-on-year increase of 36.69%[74] Dividend Distribution - The company plans to distribute a cash dividend of ¥1 per 10 shares, totaling approximately ¥62,623,020.00 based on 626,230,200 shares[3] - A cash dividend of RMB 1 per 10 shares (totaling RMB 62,623,020.00) was proposed, representing 100% of the profit distribution amount[169] - The total number of shares for the dividend distribution is based on 626,230,200 shares, excluding 2,351,400 shares held in the repurchase account[169] Market and Industry Trends - The automotive industry in China saw production and sales of 3,128.2 million and 3,143.6 million vehicles in 2024, representing year-on-year growth of 3.7% and 4.5% respectively[25] - The new energy vehicle sector experienced a production and sales increase of 34.4% and 35.5%, with a market penetration rate reaching 40.9%[25] - The automotive industry is expected to continue its trend of "going global," providing new growth opportunities for companies in the sector[26] Product Development and Innovation - The company is focusing on expanding its battery thermal management business for electric commercial vehicles and energy storage stations, which is a key growth area[29] - The company has developed and mass-produced new thermal management products for energy storage stations, including horizontal 3-6 kW and vertical 50-70 kW systems[40] - The company has successfully developed and mass-produced multiple thermal management systems for passenger and commercial vehicles, enhancing system efficiency and reliability[53] - The company has launched a series of high-performance air conditioning units for various vehicle classes, integrating proprietary technologies to meet performance and environmental standards[55] - The company has completed the development of R744 heat pump air conditioning systems, achieving high stability and meeting customer requirements[57] Sales and Revenue Growth - The sales volume of independent battery thermal management systems was 101,300 units, a year-on-year increase of 703.97%[46] - The sales volume of automotive air conditioning compressors increased by 43.53% to 6.51 million units, attributed to a rapid growth in customer orders[89] - The company's small car thermal management division secured new business orders exceeding 4.5 billion yuan, with a significant portion coming from new energy vehicle projects, laying a solid foundation for future growth[78] Research and Development - Research and development expenses amounted to ¥281,224,424.11, showing a slight increase of 0.34% compared to the previous year[95] - The company has developed nearly 300 product and technical standards and holds 673 patents, establishing a protective wall for new products[50] - The company has introduced advanced engineering design software and supercomputing methods to improve R&D efficiency and accuracy[51] - The company has initiated the development of next-generation high-performance battery cooling systems, achieving a heat dissipation capacity exceeding 8kW[97] Risk Management and Governance - The company faces risks related to changes in the automotive industry, competition in thermal management, and fluctuations in raw material prices[3] - The company has established a comprehensive governance structure, ensuring clear delineation of powers and responsibilities among shareholders, the board of directors, and management[119] - The company maintains a strict internal control and risk management system to protect shareholder interests[119] Employee and Management Structure - The total number of employees at the end of the reporting period was 3,238, with 641 in the parent company and 2,597 in major subsidiaries[162] - The company has implemented a performance evaluation system with monthly assessments linked to annual performance bonuses, enhancing employee motivation and accountability[164] - The management team consists of individuals with diverse professional backgrounds, enhancing strategic decision-making capabilities[141] Environmental and Social Responsibility - The company is committed to reducing carbon emissions annually and has promoted the application of renewable energy to multiple enterprises[178] - The company has achieved multiple domestic leading results in the application research of new environmentally friendly refrigerants such as R290, R1234YF, and CO2[179] - The company has implemented energy-saving measures in train air conditioning development, significantly reducing product energy consumption[179]

股票代码：002454 公司简称：松芝股份 公告号：2025-020 上海加冷松芝汽车空调股份有限公司 2024 年度监事会工作报告 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，公司监事会按照《公司法》及公司章程赋予的职权，对公司董事、 经理人员执行职务时的尽职情况、董事会执行股东大会决议情况进行了依法监督； 检查了公司的经营和财务状况，审阅了公司财务会计资料和财务审计报告；直接 参与了公司董事会各项议案的审议及重大投资项目的研究讨论；并向董事会提出 了工作建议。 2024 年监事会主要工作如下： 一、监事会会议召开情况 2024 年度，监事会共召开 3 次会议： 状况与经营成果。 三、公司董事、经理人员的尽职情况及依法运作情况 2024年，我国宏观经济面对复杂多变的内外部环境，总体保持稳中有进。报 告期内，我国汽车市场延续增长态势，全年产销量均超过3,100万辆，均实现同 比增长，再创历史新高。其中，乘用车方面，国内市场得益于补贴政策和促消费 活动产生的需求表现突出；客车方面，国内市场也得益于境内旅游市场复苏以及 政策驱动实现恢复性增长；新能 ...

股票代码：002454 公司简称：松芝股份 公告号： 2025-002 上海加冷松芝汽车空调股份有限公司 关于部分董事、监事、高级管理人员股份减持计划 时间届满暨实施情况的公告 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。 上海加冷松芝汽车空调股份有限公司（以下简称"公司"）于2024年11月27 日披露了《关于部分董事、监事、高级管理人员减持股份的预披露公告》（公告 号：2024-044）。持有公司股份1,397,499股（占公司总股本比例0.2232%）的副 董事长兼总裁纪安康先生、持有公司股份431,350股（占公司总股本比例0.0689%） 的副总裁黄国强先生、持有公司股份169,350股（占公司总股本比例0.0270%）的 副总裁兼董事会秘书兼财务总监陈睿先生、持有公司股份128,300股（占公司总 股本比例0.0205%）的监事会主席谢皓先生，计划在2024年12月18日至2025年3 月17日期间以大宗交易或集中竞价交易的方式合计减持公司的股份不超过 531,400股，即不超过公司总股本的0.0849%。上述总股本和占总股本的比例均已 剔除公司 ...

Financial Performance - The total operating revenue for 2024 was RMB 4,999,235,977.67, representing a 5.07% increase compared to RMB 4,758,217,908.69 in the previous year[3] - Operating profit reached RMB 173,634,957.42, marking a 30.04% increase from RMB 133,527,638.98 year-on-year[3] - The total profit amounted to RMB 172,564,443.25, which is a 30.87% increase compared to RMB 131,861,555.41 in the previous year[3] - Net profit attributable to shareholders was RMB 129,220,578.39, reflecting a 29.43% increase from RMB 99,835,844.98 year-on-year[3] - The net profit after deducting non-recurring gains and losses was RMB 81,271,670.05, up 43.36% from RMB 56,691,650.73 in the previous year[3] - Basic earnings per share increased to RMB 0.21, a rise of 28.48% compared to RMB 0.16 in the previous year[3] Assets and Equity - Total assets at the end of the reporting period were RMB 8,152,481,676.17, a 10.58% increase from RMB 7,372,277,475.84 at the beginning of the period[3] - Shareholders' equity attributable to the parent company was RMB 3,908,353,092.39, up 1.92% from RMB 3,834,646,870.63 at the beginning of the period[3] Management and Market Position - The company continued to enhance internal management efficiency and implemented cost-reduction measures, resulting in improved profitability[5] - The company maintained a leading position in the domestic market for large and medium-sized bus thermal management and expanded its market presence overseas[5]

一、《警示函》内容 上海加冷松芝汽车空调股份有限公司、陈焕雄、纪安康、陈睿： 经查，上海加冷松芝汽车空调股份有限公司（以下简称"松芝股份"或"公 司"）2023 年度计提资产减值准备 2,987.24 万元，占公司当期归属于母公司所 有者净利润的 29.92%，占最近一期（2022 年度）归属于母公司所有者净利润的 31.84%。公司未通过临时报告披露计提大额资产减值准备，仅通过 2023 年年度 报告进行了披露。 上述行为违反了《上市公司信息披露管理办法》（证监会令第 182 号）第八 条第三款、第二十二条第一款、第二款第三项的规定。根据《上市公司信息披露 管理办法》第五十二条第三项的规定，我局决定对松芝股份采取出具警示函的行 政监管措施。 公司董事长陈焕雄对公司上述违规行为负有主要责任，违反了《上市公司信 息披露管理办法》第四条的规定，根据《上市公司信息披露管理办法》第五十一 条第二款、第五十二条第三项的相关规定，我局决定对陈焕雄采取出具警示函的 行政监管措施。 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。 股票代码：002454 公司简称：松芝股份 公 ...

证券时报e公司讯，松芝股份(002454)11月26日晚间公告，公司副董事长兼总裁纪安康、副总裁黄国 强、副总裁兼董事会秘书兼财务总监陈睿、监事会主席谢皓计划在2024年12月18日至2025年3月17日期 间，以大宗交易或集中竞价交易的方式，合计减持公司股份不超过53.14万股，即不超过公司总股本的 0.0849%。 ...

e公司讯，松芝股份(002454)11月26日晚间公告，公司副董事长兼总裁纪安康、副总裁黄国强、副总裁 兼董事会秘书兼财务总监陈睿、监事会主席谢皓计划在2024年12月18日至2025年3月17日期间，以大宗 交易或集中竞价交易的方式，合计减持公司股份不超过53.14万股，即不超过公司总股本的0.0849%。 ...

股票代码：002454 公司简称：松芝股份 公告号： 2024-044 上海加冷松芝汽车空调股份有限公司 关于部分董事、监事、高级管理人员 减持股份的预披露公告 本公司副董事长兼总裁纪安康先生、副总裁黄国强先生、副总裁 兼董事会秘书兼财务总监陈睿先生以及监事会主席谢皓先生保证向 本公司提供的信息内容真实、准确、完整，没有虚假记载、误导性陈 述或重大遗漏。 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： 持有上海加冷松芝汽车空调股份有限公司（以下简称"公司"）股份 1,397,499 股（占公司总股本比例 0.2232%）的副董事长兼总裁纪安康先生、持有公司股份 431,350 股（占公司总股本比例 0.0689%）的副总裁黄国强先生、持有公司股份 169,350 股（占公司总股本比例 0.0270%）的副总裁兼董事会秘书兼财务总监陈 睿先生、持有公司股份 128,300 股（占公司总股本比例 0.0205%）的监事会主席 谢皓先生，计划在 2024 年 12 月 18 日至 2025 年 3 月 17 日期间以大宗交易或集 中竞价交易的方式合计减持 ...

本次活动将采取网络的方式举行，投资者可以登录"上证路演中 心"网站（https://roadshow.sseinfo.com）或关注微信公众号上证 路演中心参与互动交流，活动时间为 2024 年 11 月 13 日（周三）15:00 至 16:30。 届时公司的董事长陈焕雄先生、董事会秘书兼财务总监兼副总裁 陈睿先生和独立董事陶克先生将通过网络在线交流形式与投资者就 公司治理、发展战略、经营状况和可持续发展等投资者关注的问题进 行沟通。 欢迎广大投资者积极参与。 上海加冷松芝汽车空调股份有限公司 股票代码：002454 公司简称：松芝股份 公告号： 2024- 043 关于参加 2024 年上海辖区上市公司 三季报集体业绩说明会的公告 为进一步加强与广大投资者的沟通交流，上海加冷松芝汽车空调 股份有限公司（以下简称"公司"）将参加"2024 年上海辖区上市公 司三季报集体业绩说明会"活动，现将有关事项公告如下： 2024 年 11 月 05 日 ...