Investment Rating - The investment rating for the company is "Buy" [1][19]. Core Views - The company reported a revenue increase of 16.74% year-on-year, achieving a total revenue of 7.945 billion yuan in the first half of 2024, with a net profit of 276 million yuan, reflecting a growth of 16.52% year-on-year [4][7]. - The company is experiencing strong sales growth in its cable and electromagnetic products, particularly in the ultra-high voltage and electric vehicle sectors, with significant increases in sales volume and revenue [4][6]. - The company is optimizing production efficiency and expanding capacity, with capital expenditures of 109 million yuan in the first half of 2024, a 84% increase compared to the same period last year [4][6]. - The company is expanding its overseas business and product categories, with a focus on meeting the growing demand for transformers and related products in international markets [6][4]. Summary by Sections Financial Performance - The company achieved a total revenue of 7.945 billion yuan in the first half of 2024, up 16.74% year-on-year, and a net profit of 276 million yuan, up 16.52% year-on-year [4][7]. - The gross margin for the first half of 2024 was 11.0%, a decrease of 0.5 percentage points year-on-year, while the net margin was 3.87%, a decrease of 0.07 percentage points year-on-year [4][7]. Product Segments - Revenue from cable products increased by 9.54%, while revenue from electromagnetic products surged by 32.40%, with a sales volume increase of approximately 24.56% [4][6]. - The company has successfully developed new clients in the electric vehicle sector, with sales of flat electromagnetic wires for new energy vehicles increasing by 199% [4][6]. Capacity Expansion - The company is investing in capacity expansion, with a focus on new projects for electric vehicle motor-specific flat electromagnetic wires and smart workshop projects [4][6]. - The company has increased its production capacity for transformer electromagnetic wires by 10,000 tons through leasing and technical upgrades [4][6]. Market Position - The company is actively participating in international exhibitions to enhance its brand presence and has reported overseas sales revenue of 189 million yuan, a 4.3% increase [4][6]. - The company has established a wholly-owned subsidiary to enhance its international trade capabilities and has acquired a 100% stake in a foreign company to complement its product line [6][4].

Investment Rating - The investment rating for the company is "Buy" [3] Core Views - The company achieved a total revenue of 7.945 billion yuan in the first half of 2024, representing a year-on-year growth of 16.74%, with a net profit attributable to shareholders of 276 million yuan, also up by 16.52% [1][2] - The company plans to acquire 100% of Delixi Conductor Technology Co., Ltd. for 55 million yuan to expand its industrial cable sector and enhance its overseas business capabilities [2] - The company is a global leader in flat electromagnetic wire and is expected to maintain steady growth due to high demand in various downstream sectors [2] Summary by Sections Financial Performance - In the first half of 2024, the company reported a revenue of 7.945 billion yuan, a 16.74% increase year-on-year, and a net profit of 276 million yuan, up 16.52% [1] - The second quarter of 2024 saw revenues of 4.423 billion yuan, a 14.99% increase, and a net profit of 142 million yuan, reflecting a 16.46% growth [1] Product Performance - Revenue from electromagnetic wire reached 2.889 billion yuan, a 32.40% increase, with sales volume of 4.11 thousand tons, up 24.56% [1] - The company has seen a 199.38% increase in sales of electromagnetic wire for electric vehicles, with over 10 new designated customers added in the first half of 2024 [1] Market Development - The company is actively expanding its overseas market presence, participating in major international exhibitions and establishing a wholly-owned subsidiary for international trade [2] - The company has successfully developed multiple large-scale clients in the energy market and has achieved significant sales with major power generation groups [1][2] Profit Forecast and Valuation - The profit forecast for the company remains unchanged, with expected net profits of 601 million yuan, 741 million yuan, and 911 million yuan for 2024, 2025, and 2026 respectively [2] - The current price-to-earnings ratio (P/E) is projected to be 11, 9, and 7 times for the years 2024, 2025, and 2026 respectively [2]

更营业执照的公告 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、基本情况概述 金杯电工股份有限公司（以下简称"公司"）于 2024 年 7 月 18 日召开了第 七届董事会第四次临时会议，审议通过了《关于购买德力导体科技（常州）有限 公司 100%股权的议案》，具体内容详见公司于 2024 年 7 月 19 日披露于《中国 证券报》、《上海证券报》、《证券时报》、《证券日报》和巨潮资讯网 （www.cninfo.com.cn）的《关于购买德力导体科技（常州）有限公司 100%股权 的公告》（公告编号：2024-039）。 金 杯 电 工 股 份 有 限 公 司 Gold cup Electric Apparatus Co.,Ltd. 证券代码：002533 证券简称：金杯电工 公告编号：2024-046 金杯电工股份有限公司 关于购买德力导体科技（常州）有限公司 100%股权的进展暨变 8、经营范围：许可项目：电线、电缆制造；第二类医疗器械生产；货物进 出口（依法须经批准的项目，经相关部门批准后方可开展经营活动，具体经营项 目以审批结果为准） 一般项目： ...

金 杯 电 工 股 份 有 限 公 司 Gold cup Electric Apparatus Co.,Ltd. 证券代码：002533 证券简称：金杯电工 公告编号：2024-045 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。 金杯电工股份有限公司（以下简称"公司"）于2023年11月8日召开第六届 董事会第二十六次会议，审议通过了《关于回购公司股份方案的议案》，同意公 司使用自有资金以集中竞价交易方式回购公司发行的A股社会公众股份，回购的 股份将全部用于员工持股计划或者股权激励。回购资金总额不低于人民币4,000 万元（含），不超过人民币8,000万元（含），回购价格不超过11.3元/股（含）， 具体回购股份的数量、金额以回购期满时实际回购的股份数量、金额为准。回购 期限为自公司董事会审议通过本次回购方案之日起12个月内。具体内容详见公司 分别于2023年11月9日和2023年11月14日披露的《关于回购公司股份方案的公告》 （公告编号：2023-046）和《回购报告书》（公告编号：2023-048）。 根据《上市公司股份回购规则》《深圳证券交易所上市 ...

Investment Rating - The report maintains a "Buy" rating for the company, indicating a positive outlook for its stock performance in the near term [10]. Core Insights - The company's performance in H1 2024 met expectations, with revenue reaching 7.945 billion yuan, a year-on-year increase of 16.74%, and a net profit attributable to shareholders of 276 million yuan, up 16.52% year-on-year [3]. - The cable business showed stable growth, with sales volume of 1.284 million kilometers and revenue growth of 9.54% year-on-year [3]. - The electromagnetic wire business experienced rapid growth, with sales volume increasing by approximately 24.56% and revenue up by 32.4% year-on-year [3]. - The company is actively expanding its overseas market presence, participating in major international exhibitions and establishing a wholly-owned subsidiary for international trade [3]. Summary by Sections Financial Performance - In H1 2024, the company achieved revenue of 7.945 billion yuan, with a quarterly revenue of 4.423 billion yuan in Q2, reflecting a quarter-on-quarter increase of 25.57% [3]. - The net profit for Q2 was 142 million yuan, with a quarter-on-quarter increase of 5.82% [3]. - The company forecasts net profits of 619 million yuan, 731 million yuan, and 860 million yuan for 2024, 2025, and 2026 respectively, with corresponding PE ratios of 11, 9, and 8 times [5]. Business Segments - The cable business is focusing on the power grid and energy sales markets, winning bids in multiple provinces [3]. - The electromagnetic wire business is benefiting from high demand in ultra-high voltage projects, with significant orders for transformer flat wires [3]. - The company has also seen a substantial increase in sales volume for flat wires used in new energy vehicles, with a year-on-year growth of 199.38% [3]. Market Position and Strategy - The company aims to consolidate its position as a global leader in flat electromagnetic wire and is actively exploring superconducting and other forward-looking businesses [5]. - The report highlights the company's strategic focus on expanding production capacity and enhancing market and customer development [5].

金杯电工股份有限公司（以下简称"公司"）第七届董事会第五次临时会议（以 下简称"本次会议"）于 2024 年 7 月 28 日上午以现场及通讯表决的方式在公司技 术信息综合大楼 501 会议室召开。本次会议通知以书面或电子邮件方式于 2024 年 7 月 23 日发出。本次会议应到董事 9 人，实到董事 9 人，公司监事和高级管 理人员列席了本次会议。本次会议由董事长吴学愚先生主持，符合《公司法》和 公司《章程》的有关规定。 二、董事会会议审议情况 金 杯 电 工 股 份 有 限 公 司 Gold cup Electric Apparatus Co.,Ltd. 证券代码：002533 证券简称：金杯电工 公告编号：2024-040 金杯电工股份有限公司 第七届董事会第五次临时会议决议公告 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 证券报》、《上海证券报》、《证券日报》、《证券时报》和巨潮资讯网 （www.cninfo.com.cn）。 （三）审议通过了《关于控股子公司减资的议案》 表决结果：9 票赞成，0 票反对，0 票弃权。 （ ...

单位：万元 金杯电工股份有限公司 2024 年半年度非经营性资金占用及其他关联资金往来情况汇总表 | 非经营性资金占 | 资金占用方名称 | 占用方与上市公 | 上市公司核算 | 2024年期初占 | 2024年半年度占 | 2024年半年度 | 2024年半年 | 2024年6月期 | 占用形成原因 | 占用性质 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | | | 用累计发生金额 | 占用资金的利 | 度偿还累计 | 末占用资金 | | | | 用 | | 司的关联关系 | 的会计科目 | 用资金余额 | （不含利息） | 息（如有） | 发生金额 | 余额 | | | | 控股股东及其附 | | | | | | | | | | | | 属企业 | | | | | | | | | | | | 小计 | | | | | | | | | | | | 前控股股东及其 | | | | | | | | | | | | 附属企业 | | | | | | | | | | | | 小计 | | | | | | | ...

二、审议通过了《关于控股股东及其他关联方占用公司资金的议案》 金杯电工股份有限公司 第七届董事会独立董事专门会议 2024 年第二次会议决议 金杯电工股份有限公司（以下简称"公司"）第七届董事会独立董事专 门会议 2024 年第二次会议（以下简称"本次会议"）于 2024 年 7 月 28 日 以通讯表决的方式召开。本次会议由公司过半数独立董事共同推举的独立董 事肖红英召集和主持。本次会议应出席委员 3 人，实际出席委员 3 人，会议 的内容以及召集、召开的方式、程序均符合公司《独立董事专门会议制度》 和公司《章程》的有关规定。经全体独立董事审议，一致通过并形成以下决 议： 一、审议通过了《关于修改公司<章程>部分条款的议案》 表决结果：3 票同意，0 票弃权，0 票反对。 我们认为，本次对公司利润分配政策现金分红条件的修改符合中国证监 会等监管机构的相关规定和公司的实际情况，有利于增强投资者的投资回报 和合理预期，可以更好地保护投资者特别是中小投资者的利益。 表决结果：3 票同意，0 票弃权，0 票反对。 经核查，公司不存在控股股东及其关联方非经营性占用公司资金的情况。 2024 年 7 月 28 日 1 ...

金 杯 电 工 股 份 有 限 公 司 Gold cup Electric Apparatus Co.,Ltd. 证券代码：002533 证券简称：金杯电工 公告编号：2024-042 本次《章程》的修改不会对公司的经营产生重大影响，除上述修改外其他条 款保持不变，相关条款的修改最终以湖南省市场监督管理局登记为准。 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。 金杯电工股份有限公司（以下简称"公司"）于 2024 年 7 月 28 日召开的第 七届董事会第五次临时会议审议通过了《关于修改公司<章程>部分条款的议案》， 本议案须提交公司 2024 年第二次临时股东大会特别决议审议批准。 一、基本情况 为树立价值投资理念，推动公司高质量发展，共享公司经营成果，增强投资 者获得感，根据《关于加强监管防范风险推动资本市场高质量发展的若干意见》、 《上市公司监管指引第 3 号-上市公司现金分红》等文件规定，结合公司经营发 展情况，拟对公司《章程》中利润分配相关条款进行修订，修改前后内容如下： | 条款 | 修改前 | 修改后 | | --- | --- | --- | ...

金 杯 电 工 股 份 有 限 公 司 Gold cup Electric Apparatus Co.,Ltd. （一）工商登记信息 统一社会信用代码：91430100MA4L5F0CXQ 证券代码：002533 证券简称：金杯电工 公告编号：2024-043 金杯电工股份有限公司 关于控股子公司湖南能翔新能源巴士运营有限公司减资的公告 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、本次减资概述 1、金杯电工股份有限公司（以下简称"公司"）为聚焦主业发展战略，优 化资源配置，拟将控股子公司湖南能翔新能源巴士运营有限公司（以下简称"能 翔巴士"）注册资本由人民币5,100万元按股东持股比例同比例减少至1,100万元。 本次减资后各股东持股比例保持不变，公司仍持有能翔巴士51%的股权。 2、2024年7月28日，公司召开第七届董事会第五次临时会议，审议通过了《关 于控股子公司减资的议案》，根据《深圳证券交易所股票上市规则》及公司《章 程》规定，本次减资事项在董事会审批权限范围内，无需提交股东大会审议。 3、本次减资不构成关联交易，也不构成《上市公司重大资产重 ...