监事会意见：经审核，监事会认为董事会编制和审议公司 2024 年年度报告 的程序符合法律、行政法规及中国证监会的规定，报告内容真实、准确、完整 地反映了公司的实际情况，不存在任何虚假记载、误导性陈述或者重大遗漏。 证券代码：002487 证券简称：大金重工 公告编号：2025-018 大金重工股份有限公司 第五届监事会第十二次会议决议的公告 本公司及监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。 一、监事会会议召开情况 大金重工股份有限公司（以下简称"公司"）第五届监事会第十二次会议于 2025 年 4 月 10 日在公司会议室以现场投票表决方式召开，召开本次会议的通知 及会议资料于 2025 年 3 月 30 日以直接送达或电子邮件方式送达各位监事。本 次会议由监事会主席杨琦女士主持，应出席监事 3 人，实际出席监事 3 人，会 议的召集、召开程序符合《中华人民共和国公司法》等相关法律法规、规范性 文件和《公司章程》的有关规定。 二、监事会会议审议情况 1、 审议通过《关于 2024 年年度报告及其摘要的议案》； 具体内容详见巨潮资讯网（www.cninfo.com ...

证券代码：002487 证券简称：大金重工 公告编号：2025-017 大金重工股份有限公司 第五届董事会第十八次会议决议的公告 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。 一、董事会会议召开情况 大金重工股份有限公司（以下简称"公司"）第五届董事会第十八次会议于 2025 年 4 月 10 日在公司会议室以现场投票结合通讯表决方式召开，召开本次会 议的通知及会议资料于 2025 年 3 月 30 日以直接送达或电子邮件方式送达各位 董事。本次会议由董事长金鑫先生主持，应出席董事 7 人，实际出席董事 7 人， 会议的召集、召开程序符合《中华人民共和国公司法》等相关法律法规、规范 性文件和《公司章程》的有关规定。 二、董事会会议审议情况 1、 审议通过《关于 2024 年年度报告及其摘要的议案》； 具体内容详见巨潮资讯网（www.cninfo.com.cn）。 3、 审议通过《关于 2024 年度董事会工作报告的议案》； 具体内容详见公司于巨潮资讯网（www.cninfo.com.cn）披露的《2024 年年 度报告》"第三节管理层讨论与分析"以及"第四节 ...

证券代码：002487 证券简称：大金重工 公告编号：2025-020 大金重工股份有限公司 关于 2024 年度利润分配方案的公告 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。 大金重工股份有限公司（以下简称"公司"）于 2025 年 4 月 10 日召开公司第 五届董事会第十八次会议和第五届监事会第十二次会议，审议通过了《关于 2024 年度利润分配方案的议案》，该议案尚需提交公司股东大会审议。具体情况如下： 一、2024 年度利润分配方案基本情况 （一）公司 2024 年度可供分配利润情况 经立信会计师事务所（特殊普通合伙）审计，2024 年度公司实现净利润 473,874,867.06 元，其中归属于母公司所有者的净利润 473,874,867.06 元，提取 法定盈余公积金 3,891,317.14 元，加上期初未分配利润，减去 2024 年公司派发 现金股利，2024 年末合并未分配利润为 2,730,774,919.62 元，母公司未分配利润 为 622,514,693.47 元。 （二）公司 2024 年度利润分配方案 为积极回报广大投资者， ...

Financial Performance - The company's operating revenue for 2024 was ¥3,779,650,570.21, a decrease of 12.61% compared to ¥4,325,081,969.61 in 2023[14] - The net profit attributable to shareholders for 2024 was ¥473,874,867.06, an increase of 11.46% from ¥425,157,196.53 in 2023[14] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥432,947,141.24, up 17.70% from ¥367,840,006.15 in 2023[14] - The net cash flow from operating activities increased by 33.97% to ¥1,083,450,989.85 in 2024, compared to ¥808,698,823.80 in 2023[14] - Basic earnings per share for 2024 were ¥0.74, a 10.45% increase from ¥0.67 in 2023[14] - Total assets at the end of 2024 reached ¥11,561,949,391.14, reflecting a 13.08% increase from ¥10,224,813,274.51 at the end of 2023[14] - The net assets attributable to shareholders increased by 5.18% to ¥7,272,009,260.74 at the end of 2024, compared to ¥6,914,166,614.83 at the end of 2023[14] - The weighted average return on equity for 2024 was 6.68%, an increase of 0.36 percentage points from 6.32% in 2023[14] - The company reported a net profit attributable to shareholders of 474 million CNY, an increase of 11.46% year-on-year, with a gross margin of 29.83%, up 6.59 percentage points, and a net margin of 12.54%, up 2.71 percentage points[54] - By the end of 2024, the company's operating cash flow net amount was 1.083 billion CNY, an increase of 275 million CNY compared to the previous year, with total assets of 11.562 billion CNY, up 13.08% year-on-year[55] Revenue and Market Performance - In 2024, the company achieved operating revenue of 3.78 billion CNY, a year-on-year decrease of 12.61%, while overseas revenue reached 1.73 billion CNY, accounting for nearly 50% of the wind power equipment segment's revenue[54] - The renewable energy segment saw a significant revenue increase of 63.95%, contributing ¥215.78 million in 2024 compared to ¥131.61 million in 2023[73] - The domestic revenue decreased by 21.60% to ¥2.05 billion, while export revenue increased slightly by 1.07% to ¥1.73 billion[74] - The company has secured nearly 2GW of floating projects with power purchase agreements, anticipating more tenders in 2025 across several European countries[68] - The company has expanded its presence in the European offshore wind market, successfully passing certification from major European clients and forming substantial business cooperation[56] Operational Developments - The company has established a global production capacity of over 3 million tons, with bases in China and plans for expansion in Europe and Southeast Asia[47] - The company has built a strong reputation and client base in Europe since entering the market in 2019, exporting products to over 30 countries[51] - The company has established three major offshore engineering bases, including the largest monopile manufacturing and export base in Penglai, which has received positive feedback from numerous overseas clients[63] - The company successfully delivered nearly 110,000 tons of various offshore wind power products to multiple projects in the UK, France, Denmark, and Germany, achieving timely and quality delivery[58] - The company is actively developing the next generation of floating foundation products in collaboration with leading international providers[44] Research and Development - The company is focused on enhancing product technology and quality while reducing costs through ongoing research and development efforts[89] - The company aims to strengthen its competitive position in the market by increasing investment in research and development[89] - The number of R&D personnel increased to 377 in 2024, a rise of 21.61% from 310 in 2023[91] - R&D investment amounted to ¥182,011,735.35 in 2024, down 28.79% from ¥255,605,750.57 in 2023, with R&D investment as a percentage of revenue decreasing from 5.91% to 4.82%[91] - The company is actively working on multiple research projects aimed at improving manufacturing processes and product competitiveness in the wind power equipment sector[89] Environmental and Sustainability Efforts - The company is committed to green and low-carbon development, focusing on accelerating the growth of the renewable energy sector[185] - The total green electricity generated by the company's operational wind farms reached 1.10 billion kWh, equivalent to a reduction of 571,300 tons of CO2 emissions[70] - The company has received EcoVadis bronze certification and aims to align its carbon reduction strategies with international climate goals[70] - The company reported a 10% reduction in overall emissions compared to the previous year, reflecting its commitment to sustainability[177] - The company is investing in new technologies to enhance emission control, targeting a significant decrease in VOC emissions in the next fiscal year[177] Governance and Management - The company maintained complete operational independence from its controlling shareholder, with no related party transactions or fund occupation issues[132] - The board of directors and supervisory board operated independently, with independent directors actively participating and providing independent opinions on proposals[133] - The company has a diverse board with independent directors, ensuring governance and oversight[144] - The management team is committed to driving the company's growth and operational efficiency in the coming years[147][148] - The company has established a robust information disclosure management system, ensuring timely and accurate information dissemination to all shareholders[136] Financial Management and Controls - The company has maintained effective internal financial reporting controls, with no significant deficiencies identified during the reporting period[169] - The internal control audit report confirmed that the company maintained effective internal control over financial reporting as of December 31, 2024[173] - The company has implemented strict risk management measures to mitigate market, liquidity, credit, operational, and legal risks associated with foreign exchange derivatives[103] - The company has a remaining amount of RMB 96,521.16 million in unused raised funds[108] - The company has established a special account storage system for the raised funds, ensuring all funds are stored in a dedicated account[106] Shareholder Relations - The company held 3 shareholder meetings during the reporting period, ensuring equal treatment of all shareholders and protecting the rights of minority shareholders[131] - The company plans to distribute cash dividends of RMB 1.82 per 10 shares, totaling RMB 116,070,381.52, based on a total share capital of 637,749,349 shares[165] - The cash dividend distribution policy is clearly defined in the company's articles of association, ensuring reasonable returns for shareholders[166] - The company reported a total distributable profit of RMB 2,730,774,919.62, with cash dividends accounting for 100% of the profit distribution[166] - The company has not reported any penalties from securities regulatory authorities for directors in the past three years[150]

证券研究报告 | 首次覆盖报告 gszqdatemark 2025 04 11 年 月 日 大金重工（002487.SZ） 海风塔&桩出海龙头，迎来量利齐升时刻 全球塔桩龙头，海外订单、业绩亮眼。公司是国内首家出口欧洲海塔、超大型单桩的风 电海工装备制造企业。2022 年率先拿到欧洲海风单桩、海塔订单，2023 年公司迎来了 海工规模化出口元年，全年向欧洲累计发运海上风电海工产品合计近 10 万吨。截至目 前，公司欧洲在手订单丰富，以及被欧洲某客户锁产约 40 万吨。此外公司正在参与的 欧洲、日韩、美国等地多个海工项目的总需求量超过 300 万吨。 中长期欧洲海风需求量迎来倍增，短期 2025-2026 年增速超 50%，且当前欧洲塔& 桩产能紧缺，有望迎来量、价齐升，行业 β 属性强。 欧洲塔&桩单位盈利远超国内，出海可助力盈利提升。 公司在欧竞争优势扩大： 盈利预测：公司是风电塔桩出海龙头，欧洲订单量+利双增，有望助力业绩超预期。我 们预计公司 2024-2026 年归母净利润分别为 4.60 亿元、7.73 亿元、11.54 亿元，对应 EPS 为 0.72、1.21、1.81 元，对应 PE 为 30 ...

证券研究报告 | 首次覆盖报告 gszqdatemark 2025 04 11 年 月 日 大金重工（002487.SZ） 海风塔&桩出海龙头，迎来量利齐升时刻 全球塔桩龙头，海外订单、业绩亮眼。公司是国内首家出口欧洲海塔、超大型单桩的风 电海工装备制造企业。2022 年率先拿到欧洲海风单桩、海塔订单，2023 年公司迎来了 海工规模化出口元年，全年向欧洲累计发运海上风电海工产品合计近 10 万吨。截至目 前，公司欧洲在手订单丰富，以及被欧洲某客户锁产约 40 万吨。此外公司正在参与的 欧洲、日韩、美国等地多个海工项目的总需求量超过 300 万吨。 中长期欧洲海风需求量迎来倍增，短期 2025-2026 年增速超 50%，且当前欧洲塔& 桩产能紧缺，有望迎来量、价齐升，行业 β 属性强。 欧洲塔&桩单位盈利远超国内，出海可助力盈利提升。 公司在欧竞争优势扩大： 盈利预测：公司是风电塔桩出海龙头，欧洲订单量+利双增，有望助力业绩超预期。我 们预计公司 2024-2026 年归母净利润分别为 4.60 亿元、7.73 亿元、11.54 亿元，对应 EPS 为 0.72、1.21、1.81 元，对应 PE 为 30 ...

证券代码：002487 证券简称：大金重工 公告编号：2025-016 大金重工股份有限公司 关于签署欧洲某海上风电场 单桩基础制造、供应和运输合同的公告 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。 一、合同签署概况 近日，大金重工股份有限公司（以下简称"公司"）全资子公司蓬莱大金海洋 重工有限公司（以下简称"蓬莱大金"）与欧洲某能源企业签署了《单桩基础制 造、供应和运输合同》（以下简称"本合同"或"合同"），蓬莱大金将为欧洲 某海上风电项目（以下简称"本项目"或"项目"）提供超大型单桩产品，合同 总金额约1.35亿美元（最终以双方实际结算金额为准。按美元兑人民币7.3的 汇率计算，折合人民币约9.86亿元），占公司2023年度经审计营业收入的比 例约22.80%。 根据《深圳证券交易所股票上市规则》《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》等有关法律法规、规范性文件和《公司 章程》的规定，上述合同属于公司日常经营性合同，不需要经过公司董事会和股 东大会审议，亦无需独立董事发表独立意见。 二、项目概述 该项目位于欧洲，根据合同约 ...

证券代码：002487 证券简称：大金重工 公告编号：2025-015 大金重工股份有限公司 关于提供担保的进展公告 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。 大金重工股份有限公司董事会 公司全资子公司张家口大金风电装备有限公司（以下简称"张家口大金"） 拟向中信银行股份有限公司张家口分行（以下简称"中信银行"）申请不超过 30,000 万元人民币综合授信额度，授信额度有效期为 1 年，在授信额度有效期 内，已清偿额度可循环使用，公司为其中 10,000 万元敞口授信额度提供全额连 带责任担保。公司实际担保金额、期限等具体以公司与中信银行签订的担保合同 为准。 公司全资子公司唐山曹妃甸区金瑞能源有限公司、唐山曹妃甸区金弘能源有 限公司（以下简称"唐山金瑞"、"唐山金弘"）拟分别向中国建设银行唐山曹 妃甸自贸区支行（以下简称"建设银行"）申请不超过 5,000 万元、5,000 万元人 民币固定资产借款，借款期限分别为 172 个月、176 个月，唐山金瑞、唐山金弘 以其项目建成后拥有的电费收费权提供质押担保。公司为上述业务项下的唐山金 瑞、唐山金弘的全部 ...

证券研究报告 | 公司深度 | 风电设备 大金重工(002487) 报告日期：2025 年 03 月 12 日 风电出海选塔桩，塔桩龙头看大金 ——大金重工深度报告 投资要点 ❑ 全球塔桩龙头企业，深耕海外订单亮眼 风电装机不及预期；行业政策不及预期；原材料价格波动；市场竞争加剧。 投资评级: 增持(首次) 分析师：邱世梁 执业证书号：S1230520050001 qiushiliang@stocke.com.cn 大金重工是风电塔桩出海龙头，高壁垒、高盈利率先享受出海红利。大金重工于 2000 年成立，坚持深耕风电装备制造领域，主要产品为塔筒、管桩、导管架、 浮式基础、过渡段等。实施"新两海"战略以来，成效显著，2023 年在欧洲市 场取得订单份额位居前列，是目前亚太区唯一实现向欧洲批量交付海上风电基础 结构的供应商。2021-2024H1，公司海外收入占比持续提升，从 2021 年的 16.4% 提升至 55.9%，受益于海外海上单桩产品占比持续提升，盈利能力显著提升。 ❑ 塔桩供需边际改善，量增价稳周期向上 1）量：欧洲方面，欧洲海风并网节点明确，塔桩需求逐步释放。欧洲能源安全 诉求加速海风迈入增长新周 ...

Investment Rating - The report gives a "Buy" rating for the company [4][15]. Core Views - The company is expected to achieve a net profit attributable to shareholders of 4.53 billion, 7.81 billion, and 10.59 billion yuan for 2024-2026, representing year-on-year growth of +6.6%, +72.3%, and +35.5%, respectively, with corresponding PE ratios of 30.5, 17.7, and 13.0X [4][15]. - The company is a leader in the offshore wind tower market and is benefiting from the acceleration of offshore wind construction, particularly in overseas markets [4][15]. - The company is executing a dual-sea strategy, successfully exporting offshore wind towers and monopiles, with production capacity expansion to support this growth [4][15]. Summary by Sections Domestic Offshore Wind Demand - Domestic offshore wind installation demand is expected to be released, with continuous shipments from the company. The domestic offshore wind projects that were previously delayed are now resuming, with significant projects in Guangdong and Jiangsu expected to start construction [4][15]. - The domestic offshore wind competition capacity for 2023 is 25.8GW, and for 2024 it is 25.35GW, indicating a robust pipeline for future growth [4][15]. International Offshore Wind Demand - International offshore wind demand is beginning to ramp up, with the company positioned as a leading exporter of offshore wind towers and monopiles. The global offshore wind installation is projected to see significant growth starting in 2026, particularly in Europe, where new installations are expected to reach 8.40GW in 2026 [2][4]. - The company has already exported nearly 100,000 tons of offshore wind towers and monopiles in 2023, with a full order book for future deliveries [2][4]. Export Capacity and Advantages - The company has established three major offshore engineering bases in Penglai, Tangshan, and Panjin, with a combined export capacity of 1.5 million tons once fully operational. Additionally, the company is developing its own fleet of large deck transport vessels to enhance its export capabilities [2][4]. - The company’s international orders are robust, and it has received recognition from overseas clients, further solidifying its position as a leader in offshore wind exports [2][4]. Financial Performance and Projections - The company’s revenue from wind tower manufacturing is expected to grow significantly, with projected year-on-year growth rates of -5%, +48%, and +28% for 2024-2026 [9][10]. - The company’s revenue structure has been upgraded, with a CAGR of 26.53% from 2019 to 2023, and it is anticipated that the profitability will improve as the company continues to push for offshore wind exports [24][30].