目录 走进大金重工 | 关于本报告 | | --- | | 董事长致辞 | | 走进大金重工 | | 可持续发展领域关键绩效 | 可持续发展管理 | 可持续发展管治架构 | | --- | | 实质性议题识别 | | 利益相关方沟通 | 专题 | 蓬莱基地践行 SBTi | 目标，引领低碳转型之路 | 16 | | --- | --- | --- | | 布局绿钢，谱写可持续制造新篇章 | | 20 | 环境篇 | 应对气候变化 | | --- | | 加强环境管理 | | 环境领域关键绩效 | | 社会篇 | | --- | | 品质保障 | | 安全生产 | | 员工权益 | | 责任向善 | | 社会领域关键绩效 | | 管治篇 | | | --- | --- | | 责任治理 | 55 | | 合规经营 | 57 | | 商业道德 | 58 | | 信息安全 | 62 | | 管治领域关键绩效 | 63 | 索引 64 02 03 04 07 41 43 46 50 53 | | | 关于本报告 董事长致辞 走进大金重工 可持续发展领域关键绩效 关于本报告 本报告是大金重工股份有限公司（以下简称 "大 ...

特此公告！ 证券代码：002487 证券简称：大金重工 公告编号：2025-025 大金重工股份有限公司 关于增聘高级管理人员的公告 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 日召开第五届 董事会第十八次会议，审议通过了《关于增聘高级管理人员的议案》，同意聘任 李新先生为公司副总经理（简历附后），其任期自董事会审议通过之日起至本届 董事会届满之日止。 李新先生符合相关法律法规、规范性文件对高级管理人员任职的要求，不存 在不得担任公司高管的情形。本次聘任完成后，公司董事会中兼任公司高级管理 人员的董事人数合计未超过公司董事总数的二分之一。 大金重工股份有限公司董事会 2025 年 4 月 12 日 附件： 李新先生，1980 年出生，中国国籍，无境外永久居留权，金属专业学士， 历任阿尔斯通（ALSTOM）北京有限公司供应商开发经理、维斯塔斯（Vestas） 北京有限公司项目经理，公司海外事业部总经理。现任公司副总经理。 李新先生未持有公司股份，与公司控股股东、实际控制人、持股 5%以上 ...

大金重工股份有限公司审计委员会 对会计师事务所 2024 年履行监督职责情况报告 根据《中华人民共和国公司法》《中华人民共和国证券法》《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》和大金重工股份有限公司 （以下简称"公司"）的《公司章程》《董事会审计委员会实施细则》等规定和要 求，董事会审计委员会（以下简称"审计委员会"）本着勤勉尽责的原则，恪尽职 守，认真履职。现将审计委员会对会计师事务所 2024 年度履行监督职责情况汇 报如下： 一、会计师事务所基本情况 立信会计师事务所（特殊普通合伙）（以下简称"立信"）由我国会计泰斗潘 序伦博士于 1927 年在上海创建，1986 年复办，2010 年成为全国首家完成改制的 特殊普通合伙制会计师事务所，注册地址为上海市，首席合伙人为朱建弟先生。 立信是国际会计网络 BDO 的成员所，长期从事证券服务业务，新证券法实施前 具有证券、期货业务许可证，具有 H 股审计资格，并已向美国公众公司会计监督 委员会（PCAOB）注册登记。 截至 2024 年末，立信拥有合伙人 296 ...

证券代码：002487 证券简称：大金重工 公告编号：2025-027 大金重工股份有限公司 关于召开 2024 年年度股东大会的通知 大金重工股份有限公司（以下简称"公司"）将于 2025 年 5 月 9 日（星期 五）召开公司 2024 年年度股东大会，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 年年度股东大会 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。 4、会议召开的日期、时间： （1）现场会议召开时间：2025 年 5 月 9 日 星期五 14:30 （2）网络投票时间：2025 年 5 月 9 日 其中，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 2025 年 5 月 9 日 9:15-9:25，9:30-11:30，13:00-15:00；通过深圳证券交易所互联网投票的 具体时间为 2025 年 5 月 9 日 9:15-15:00 期间的任意时间。 5、会议召开方式：本次股东大会采用现场表决与网络投票相结合的方式召 开。 本公司及董事会全体成员保证 ...

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]

Investment Rating - The report initiates coverage with a "Buy" rating for the company [4]. Core Views - The company is positioned as a leader in the offshore wind tower and pile market, with significant growth potential driven by increasing European demand and a favorable pricing environment [2][3][4]. - The company has successfully established itself in the European market, being the first domestic enterprise to export offshore wind towers and large piles, with substantial orders in hand [1][4][17]. - The company's overseas revenue has significantly increased, contributing over 50% to total revenue in the first half of 2024, reflecting a strategic shift towards international markets [22][27]. Summary by Sections Company Overview - The company specializes in manufacturing wind power products, including towers, piles, and floating foundations, and has become a key player in the global offshore wind equipment manufacturing industry [14][17]. - The company has a clear shareholding structure and experienced management, with the chairman holding approximately 40.14% of the shares [23]. Market Demand and Growth - The European offshore wind market is expected to see a significant increase in demand, with projections of installed capacity reaching 111 GW by 2030 and 317 GW by 2050 [46][48]. - The company is benefiting from a tight supply of offshore piles in Europe, which is expected to drive both volume and price increases in the industry [2][46]. Financial Performance - The company's revenue for 2023 is projected to be 4.325 billion yuan, with a net profit of 425 million yuan, showing a decline from 2022 due to market conditions, but expected to rebound significantly in the following years [5][4]. - The forecasted net profits for 2024, 2025, and 2026 are 460 million yuan, 773 million yuan, and 1.154 billion yuan, respectively, indicating strong growth potential [4][5]. Competitive Advantages - The company has established a competitive edge in Europe, where the unit profitability of towers and piles is significantly higher than in the domestic market, enhancing overall profitability [3][4]. - The company is developing its own specialized transportation fleet to improve logistics and reduce costs, further strengthening its competitive position in Europe [17][22]. Industry Context - The offshore wind industry is experiencing a favorable cycle, with increasing government support and investment in renewable energy, particularly in Europe [46][49]. - The report highlights the importance of the company's production base in China, which is strategically positioned to meet the growing demand in international markets [17][22].

Investment Rating - The report initiates coverage with a "Buy" rating for the company [4]. Core Views - The company is a leading player in the offshore wind tower and pile market, with significant growth potential driven by increasing European demand and a favorable pricing environment [2][3]. - The company has successfully established itself as a key supplier in the European offshore wind market, with a strong order backlog and competitive advantages in pricing and profitability compared to domestic markets [3][4]. Financial Performance - The company reported a revenue of 5,106 million yuan in 2022, with a projected decline to 4,325 million yuan in 2023, followed by a recovery to 3,698 million yuan in 2024 and significant growth to 5,634 million yuan in 2025 and 8,323 million yuan in 2026 [5]. - The net profit attributable to the parent company is expected to increase from 450 million yuan in 2022 to 1,154 million yuan by 2026, reflecting a strong growth trajectory [5]. - The earnings per share (EPS) is projected to rise from 0.71 yuan in 2022 to 1.81 yuan in 2026, indicating improved profitability [5]. Market Dynamics - The European offshore wind market is expected to see a doubling of demand in the medium to long term, with a projected annual growth rate exceeding 50% from 2025 to 2026 [2][9]. - The company has secured a substantial order volume in Europe, with a total demand exceeding 3 million tons across various offshore projects [1][2]. Competitive Advantages - The company benefits from a unique position as the only domestic firm to have secured European offshore wind pile orders, providing it with a first-mover advantage in a high-barrier market [3][4]. - The company's production base in Penglai is highlighted as a critical asset, being the largest single pile manufacturing and export base globally, which enhances its competitive edge [9][17]. Strategic Initiatives - The company is actively expanding its overseas operations, with overseas revenue contributing over 50% of total income in the first half of 2024, marking a significant increase from previous years [22][27]. - The establishment of a self-owned shipping fleet is expected to further enhance the company's competitiveness in the European market by reducing logistics costs [9][17].