Investment Rating - The report maintains a "Recommendation" rating for the company [1][4]. Core Insights - The company's revenue for the first half of 2024 was 1.356 billion yuan, a decrease of 34.2% year-on-year, with a net profit of 174 million yuan, down 36.23% year-on-year [2][3]. - The decline in domestic tower business significantly impacted overall performance, while export business remained profitable with a gross margin of 27.59% [3][4]. - The company is transitioning from a FOB (Free on Board) model to a DAP (Delivered at Place) model, enhancing competitiveness in securing overseas offshore wind pile orders [4]. Financial Performance Summary - Revenue for Q2 2024 was 893 million yuan, a decrease of 25.96% year-on-year, with a net profit of 121 million yuan, down 38.92% year-on-year [2]. - The company’s export revenue was 758 million yuan, accounting for approximately 56% of total revenue, despite a year-on-year decrease of 16.72% [3]. - The company’s net profit forecast for 2024-2026 is adjusted to 485 million, 655 million, and 900 million yuan respectively, with corresponding dynamic P/E ratios of 26.8, 19.8, and 14.4 [4][7]. Business Outlook - The company has secured significant overseas projects, including the French NOY project and the Danish Thor project, which are expected to contribute to future revenue [3][4]. - The domestic wind power demand is currently weak, affecting the performance of other manufacturing bases outside of the main production site [3]. - The company is actively pursuing new energy development projects in Hebei province, indicating potential growth in the renewable energy sector [4].

证券代码：002487 证券简称：大金重工 大金重工股份有限公司 投资者关系活动记录表 编号：2024-003 | --- | --- | --- | |---------------------|---------------------------------------------------------------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------| | | | | | 投资者关 ...

证券代码：002487 证券简称：大金重工 公告编号：2024-033 大金重工股份有限公司 关于召开 2024 年第二次临时股东大会的通知 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"）将于 2024 年 9 月 20 日（星 期五）召开公司 2024 年第二次临时股东大会，现将有关事项通知如下： 一、召开会议基本情况 1、股东大会届次：2024 年第二次临时股东大会 2、股东大会的召集人：公司董事会 3、会议召开的合法、合规性：本次股东大会会议召开符合有关法律、行政 法规、部门规章、规范性文件和《公司章程》的有关规定。 （1）现场表决：股东本人出席现场会议或通过授权委托书委托他人出席现 场会议。 （2）网络投票：公司将通过深圳证券交易所系统和互联网投票系统 （http://wltp.cninfo.com.cn）向全体股东提供网络形式的投票平台，股东可以在 上述网络投票时间内通过上述系统行使表决权。 公司股东只能选择现场投票和网络投票中的一种表决方式，如果同一表决 权出现重复投票表决的，以第一次投票表决结果为准。 6 ...

大金重工股份有限公司 2024 年半年度 汇总表第 1 页 | 其它关联资金往来 | 资金往来方名称 | 往来方与上市公 | 上市公司核算 | 2024 年期初往 | 2024 年 | 1-6 月往来 | 2024 年 1-6 月往来资金 | 2024 年 | 1-6 | 月 | 2024 年 6 | 月 | 往来形 | 往来性质 （经营性往 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | | | | 累计发生金额（不 | | 偿还累计发生 | | | 末往来资金 | | | | | | | 司的关联关系 | 的会计科目 | 来资金余额 | | 含利息） | 的利息(如 | 金额 | | | 余额 | | 成原因 | 来、 非经营性 往来） | | | | | | | | | 有) | | | | | | | | | 上市公司的子公司 | 大金重工欧洲有限责任公司 宁波金胤重工科技有限公司 | 子公司 子公司 | 其他应收款 其他应收款 | 35.72 | ...

Financial Performance - The company's operating revenue for the first half of 2024 was ¥1,356,280,864.35, a decrease of 34.20% compared to ¥2,061,292,837.95 in the same period last year[12]. - The net profit attributable to shareholders of the listed company was ¥173,870,382.48, down 36.23% from ¥272,665,600.66 year-on-year[12]. - The net profit after deducting non-recurring gains and losses was ¥160,584,372.96, a decrease of 35.62% compared to ¥249,430,861.93 in the previous year[12]. - The basic earnings per share decreased by 37.21% to ¥0.27 from ¥0.43 in the same period last year[12]. - The company reported a total comprehensive income for the first half of 2024 of approximately ¥173.71 million, down 36.3% from ¥272.28 million in the first half of 2023[121]. - The total operating costs for the first half of 2024 were approximately ¥209.73 million, down 61.4% from ¥542.51 million in the first half of 2023[122]. - The company reported a significant reduction in income tax expenses by 59.38% to ¥19,622,035.16, due to a decrease in taxable income[34]. - The company experienced a decrease in other comprehensive income, impacting overall financial performance[129]. Assets and Liabilities - The total assets at the end of the reporting period were ¥10,537,397,287.00, an increase of 3.06% from ¥10,224,813,274.51 at the end of the previous year[12]. - The total liabilities increased to CNY 3,565,593,088.07 from CNY 3,310,646,659.68, reflecting a growth of approximately 7.69%[115]. - The company's cash and cash equivalents decreased to CNY 1,708,315,460.29 from CNY 1,960,572,967.42, a decline of about 12.83%[113]. - Accounts receivable decreased to CNY 1,431,237,439.81 from CNY 1,629,436,576.02, indicating a reduction of approximately 12.13%[113]. - The company reported a significant increase in contract liabilities to CNY 1,314,105,592.30 from CNY 588,995,745.72, representing a growth of about 123.00%[114]. Cash Flow - The company reported a net cash flow from operating activities of ¥247,311,128.00, compared to a negative cash flow of ¥247,928,120.56 in the same period last year[12]. - The net cash flow from operating activities for the first half of 2024 was -466,618,076.48 yuan, compared to -1,396,356,475.62 yuan in the same period of 2023, indicating an improvement[127]. - Cash inflow from investment activities reached 3,139,808,556.23 yuan, significantly higher than 1,824,511,221.10 yuan in the previous year[127]. - The company’s total cash outflow from operating activities was 1,427,283,947.17 yuan, down from 2,407,924,586.95 yuan in the first half of 2023[127]. Business Operations - The company aims to become the leading supplier in the offshore wind market of major developed economies within the next 3-5 years[21]. - The company completed the delivery of all marine engineering products for the Moray West offshore wind project in Scotland, totaling approximately 110,000 tons[23]. - The company has established a global logistics system, completing the first shipment for the European route and transitioning to a DAP delivery model, enhancing customer trust and satisfaction[26]. - The company has built a manufacturing base in Penglai covering 570,000 square meters, with advanced equipment including a 1000-ton gantry crane and fully automated edge milling machines to meet high international standards[29]. Research and Development - Research and development expenses fell by 54.11% to ¥37,368,288.78 from ¥81,426,133.06, as the previous period involved significant overseas project investments[34]. - The company is actively developing the next generation of floating foundation products in collaboration with leading international solution providers[21]. Market and Industry Outlook - The global offshore wind market is expected to see a compound annual growth rate of 20% over the next decade, significantly outpacing onshore wind growth at 6.6%[16]. - By the end of 2033, global offshore wind installed capacity is projected to reach 486 GW, increasing its share of total wind capacity from 9% in 2023 to 25%[16]. - Europe is expected to auction over 40 GW of offshore wind capacity in 2024 and 2025, with Germany alone planning to award 8 GW in 2024[17]. Risk Management - The report highlights potential risks and corresponding measures that the company may face, urging investors to pay attention to related content[3]. - The company has established a risk management system for foreign exchange hedging, ensuring compliance with legal and operational standards[46]. - The company faces risks from fluctuations in the prices of key raw materials, which constitute a significant portion of its main business costs[60]. Environmental and Social Responsibility - The company complies with various environmental protection standards and has obtained necessary pollution discharge permits for its production bases[67][68]. - The company has implemented strict monitoring of emissions, with all pollutants meeting regulatory standards and no exceedances reported during the monitoring period[76]. - The company is committed to improving product competitiveness and monitoring policy trends to mitigate risks associated with industry policy changes[59]. - The company actively engages in social responsibility, focusing on high-quality development and creating value for shareholders and employees[79]. Corporate Governance - The company has improved its internal control management and governance structure in response to changes in the operating environment[81]. - The company has established a comprehensive human resources management system to protect employee rights and promote a harmonious labor relationship[82]. - There were no significant lawsuits or arbitration matters during the reporting period[86]. Shareholder Information - The total number of common shareholders at the end of the reporting period was 76,155, with the largest shareholder, Fuxin Jinyin Energy Consulting Co., Ltd., holding 38.93% of shares, totaling 248,300,500 shares[101]. - The company has not declared any cash dividends or stock bonuses for the half-year period[66]. Financial Reporting and Compliance - The financial report for the first half of 2024 has not been audited[112]. - The company’s accounting policies are tailored to its operational characteristics, ensuring accurate financial reporting[140]. - The company operates under the continuous operation basis, ensuring ongoing financial stability and operational continuity[139].

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（以下简称"公司"）于 2023 年 12 月 15 日召开了第 五届董事会第十一次会议、2024 年 1 月 4 日召开了 2024 年第一次临时股东大 会，审议通过了《关于 2024 年度公司及子公司向银行申请授信及提供担保额度 预计的议案》，同意 2024 年度公司与下属子公司互相提供担保额度总计不超过 130 亿元。担保范围包括但不限于申请综合授信（包括贷款、银行承兑汇票、信 用证、保函等信用品种）、借款、融资租赁等融资或开展其他日常经营业务等， 担保方式包括但不限于连带责任担保、抵（质）押担保等方式。上述担保额度的 有效期自公司股东大会决议通过之日起 12 个月之内有效，具体内容详见公司于 巨潮资讯网（www.cninfo.com.cn)上刊登的《关于 2024 年度公司及子公司向银行 申请授信额度及提供担保额度预计的公告》（公告编号：2023-092）。 近日，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"） 拟向华夏银行 ...

关于大金重工股份有限公司 中信证券股份有限公司 部分募投项目结项并将结余资金暂时补充流动资金的核查意见 中信证券股份有限公司（以下简称"中信证券"、"保荐人"）作为大金重工 股份有限公司（以下简称"大金重工"、"上市公司"、"公司"）非公开发行股票 （以下简称"本次发行"）的保荐人，根据《证券发行上市保荐业务管理办法》 《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》《上市公司监管指引第2号——上市公司募集资 金管理和使用的监管要求》等相关法律、法规和规范性文件的规定，就大金重 工对部分募投项目结项，并使用节余募集资金暂时补充流动资金的情况进行了 核查，具体如下： 一、募集资金基本情况 2022年9月，经中国证券监督管理委员会《关于核准大金重工股份有限公司 非公开发行股票的批复》（证监许可【2022】2256号），公司向特定对象发行 82,088,349股A股股票，每股面值人民币1.00元，每股发行认购价格为人民币 37.35元，共募集资金人民币3,065,999,835.15元，扣除承销费用、会计师费用等 发行费用共计人民币6,892,064.48元（不含 ...

证券代码：002487 证券简称：大金重工 公告编号：2024-028 大金重工股份有限公司 第五届监事会第九次会议决议的公告 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"）第五届监事会第九次会议于 2024 年 8 月 28 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 2024 年 8 月 18 日以直接送达或电子邮件方式送达各位监事。会议应 到监事 3 人，实到监事 3 人，符合《中华人民共和国公司法》和《公司章程》 的规定。本次会议的召集、召开以及参与表决监事人数符合《中华人民共和国 公司法》、《公司章程》等有关法律、法规的规定。 二、监事会会议审议情况 监事会意见：监事会认为董事会编制和审议公司 2024 年半年度报告的程序 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。 具体内容详见公司指定信息披露媒体《中国证券报》、《证券时报》及巨潮 资讯网（www.cninfo.com ...

证券代码：002487 证券简称：大金重工 公告编号：2024-031 大金重工股份有限公司 关于部分募投项目结项 并将节余募集资金暂时补充流动资金的公告 本公司及其董事会全体人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 2024 年 8 月 28 日召开第五 届董事会第十五次会议和第五届监事会第九次会议，审议通过《关于部分募投项 目结项并将节余募集资金暂时补充流动资金的议案》。鉴于"辽宁阜新彰武西六 家子 250MW 风电场项目"已建设完毕，达到预定可使用状态，并且自 2023 年 并网以来产生了良好的经济效益，同意将项目结项，将节余的募集资金暂时补充 流动资金。 本次事项尚需提交公司股东大会审议,具体情况如下： 一、募集资金金额及到位情况 经中国证券监督管理委员会《关于核准大金重工股份有限公司非公开发行股 票的批复》（证监许可【2022】2256 号）核准，公司向特定对象发行 82,088,349 股 A 股股票，每股面值人民币 1.00 元，每股发行认购价格为人民币 37.35 元， 共募集资金人民币 3,065,999,83 ...

证券代码：002487 证券简称：大金重工 公告编号：2024-032 2023年10月25日,财政部发布了《企业会计准则解释第17号》（财会〔2023〕 21号）（以下简称"解释第17号"），其中"关于流动负债与非流动负债的划分"、 "关于供应商融资安排的披露"和"关于售后租回交易的会计处理"的内容规定 自2024年1月1日起施行。 由于上述会计准则解释的发布，公司需对会计政策进行相应变更，并按以 上文件规定的生效日期开始执行上述会计准则。 大金重工股份有限公司 关于会计政策变更的公告 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"）本次会计政策变更是根据中华人 民共和国财政部（以下简称"财政部"）的相关规定进行的，无需提交公司董事会 和股东大会审议批准，不会对公司财务状况、经营成果和现金流量产生重大影响。 具体情况如下： 一、本次会计政策变更概述 1、变更原因、变更日期 2、变更前采取的会计政策 本次会计政策变更前，公司执行财政部发布的《企业会计准则——基本准则》 和各项具体会计准则、企业会计准则应用指南、企业会计准 ...