| 证券代码：002534 | 证券简称：西子洁能 | 编号：2025－041 | | --- | --- | --- | | 债券代码：127052 | 债券简称：西子转债 | | 一、《2025 年第一季度报告》； 表决结果：同意：9 票；反对：0 票；回避：0 票；弃权：0 票。 详细内容见刊登在 2025 年 4 月 25 日《证券时报》《中国证券报》和《证券 日报》和公司指定信息披露网站巨潮资讯网 http://www.cninfo.com.cn 上的《2025 年 第一季度报告》。 二、《关于增补王克飞先生为公司董事的议案》； 因王水福先生辞任，公司董事会人数少于公司《章程》规定人数，根据公司 董事会提名，现拟增补王克飞先生为公司董事。王克飞先生担任公司董事不会导 致董事会中兼任公司高级管理人员的董事人数总计超过公司董事总数的二分之 一。 表决结果：同意：9 票；反对：0 票；回避：0 票；弃权：0 票。 本次增补公司董事事项尚需提交股东大会审议。 西子清洁能源装备制造股份有限公司 第六届董事会第二十二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 ...

西子洁能（002534）公告，2025年第一季度营收为12.13亿元，同比增长5.32%；净利润为5365.45万 元，同比下降79.18%。 ...

Revenue and Profit - The company's revenue for Q1 2025 was ¥1,212,820,875.43, representing a 5.32% increase compared to ¥1,151,530,624.66 in the same period last year[4] - Net profit attributable to shareholders decreased by 79.18% to ¥53,654,471.82 from ¥257,671,454.04 year-on-year[4] - Total operating revenue for the current period reached ¥1,212,820,875.43, an increase of 5.8% compared to ¥1,151,530,624.66 in the previous period[21] - Net profit for the current period was ¥69,112,419.27, a decrease of 74.3% from ¥268,048,150.12 in the previous period[22] - Total comprehensive income for the period was CNY 69,062,614.69, compared to CNY 266,753,920.64 in the previous period[23] - Basic and diluted earnings per share were both CNY 0.07, down from CNY 0.35 in the previous period[23] Cash Flow - The net cash flow from operating activities improved by 51.75%, reaching -¥175,300,112.22 compared to -¥363,316,646.08 in the previous year[4] - Cash inflow from operating activities totaled CNY 1,168,284,520.74, while cash outflow was CNY 1,343,584,632.96[24] - Cash flow from investing activities generated a net inflow of CNY 182,362,584.10, compared to CNY 113,500,736.27 in the previous period[24] - Cash flow from financing activities resulted in a net outflow of CNY 171,793,538.16, worsening from negative CNY 90,038,228.73 in the previous period[24] - The ending balance of cash and cash equivalents was CNY 2,677,854,409.12, down from CNY 3,231,844,579.38 in the previous period[24] - The company received CNY 23,316,989.58 in tax refunds, an increase from CNY 13,820,063.29 in the previous period[24] - The company paid CNY 214,799,792.87 to employees, an increase from CNY 201,626,472.79 in the previous period[24] - The company did not report any cash inflow from investment recoveries this period, compared to CNY 193,481,404.00 in the previous period[24] Assets and Liabilities - The company's total assets decreased by 2.83% to ¥14,588,036,904.33 from ¥15,013,267,688.83 at the end of the previous year[5] - Total liabilities decreased to ¥9,845,030,731.09 from ¥10,301,414,837.01, a reduction of 4.4%[20] - The company reported a total current assets of RMB 9,624,533,334.35, a decrease of 4.13% from RMB 10,038,240,568.52 at the beginning of the period[17] - Cash and cash equivalents decreased to RMB 3,103,794,152.12 from RMB 3,529,696,399.14, reflecting a decline of 12.08%[17] - Accounts receivable amounted to RMB 1,640,850,406.69, down from RMB 1,828,639,997.29, indicating a decrease of 10.28%[18] - The company has a total non-current assets of RMB 4,679,080,000.00, with fixed assets valued at RMB 2,198,672,941.22[18] - The total equity attributable to shareholders increased to ¥4,253,680,639.07 from ¥4,219,564,999.83, a growth of 0.8%[20] Investment and Shareholder Information - The company’s investment income plummeted by 97.24% to ¥7,877,409.39 from ¥285,169,812.97 in the previous year, primarily due to the previous year's large investment gains from the transfer of equity[10] - The company’s long-term equity investments increased slightly to RMB 454,331,749.41 from RMB 447,902,133.49, reflecting a growth of 1.03%[18] - The largest shareholder, Xizi Elevator Group Co., Ltd., holds 39.01% of the shares, totaling 288,349,956 shares[12] - The top 10 unrestricted shareholders hold a total of 581,000,000 shares, with Xizi Elevator Group Co., Ltd. being the largest shareholder at 288,349,956 shares[14] Operational Activities - The company has ongoing projects in technology development and market expansion, although specific figures were not disclosed[15] - The company plans to relocate part of its subsidiary's land and buildings, with a total compensation amounting to RMB 274,100,049[15] - Research and development expenses were ¥91,571,704.54, down from ¥101,095,964.93, indicating a reduction of 9.5%[21]

根据《公司章程》的相关规定，公司董事会由 9 名董事组成，其中现有独立 董事 3 名。刘国健先生的辞职将导致公司独立董事人数少于董事会成员的三分 之一。根据《公司法》《上市公司独立董事管理办法》《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《公司章程》等有关规定， 刘国健先生的辞职报告将在公司股东大会选举产生新任独立董事后方能生效。在 新任独立董事就任前，刘国健先生仍将继续履行公司独立董事及其在各专门委员 会中的职责。公司将按照相关规定尽快完成独立董事的补选工作。 截至本公告披露日，刘国健先生未持有公司股份，也不存在按照相关监管规 定应履行而未履行的承诺。刘国健先生在担任公司独立董事期间，公正独立、勤 勉尽责，充分发挥自身专业能力，为公司的规范运作和高质量发展发挥了积极作 用。公司及董事会对刘国健先生任职期间所做的贡献表示衷心的感谢！ 特此公告。 1 | 证券代码：002534 | 证券简称：西子洁能 | 编号：2025－039 | | --- | --- | --- | | 债券代码：127052 | 债券简称：西子转债 | | 西子清洁能源装备制造股份有限公司 关于公司独立董事 ...

Core Insights - As of April 21, 2024, 2,246 companies have released their annual reports, with 1,197 reporting a year-on-year increase in net profit, while 1,049 reported a decline [1] - A total of 1,341 companies saw an increase in operating revenue, whereas 904 experienced a decrease [1] - Companies that reported simultaneous growth in both net profit and operating revenue include 940 firms, while 648 companies saw declines in both metrics [1] - Notably, 234 companies achieved a net profit growth rate exceeding 100%, with Zhengdan Co., Ltd. leading at an impressive 11,949.39% increase [1] Company Performance Summary - Zhengdan Co., Ltd. (300641) reported earnings per share of 2.35 yuan, with a net profit of 1,189.89 million yuan, reflecting a year-on-year increase of 11,949.39%, and operating revenue of 348.02 million yuan, up 126.31% [1] - Guangxi Energy (600310) reported earnings per share of 0.043 yuan, with a net profit of 62.99 million yuan, a significant increase of 3,704.04%, but a decline in operating revenue by 76.48% to 393.16 million yuan [1] - Siwei (688213) achieved earnings per share of 0.98 yuan, with a net profit of 39.27 million yuan, marking a 2,662.76% increase, and operating revenue of 596.81 million yuan, up 108.87% [1] - Other notable performers include Andis (600299) with a net profit of 120.43 million yuan (up 2,208.66%) and operating revenue of 1,553.43 million yuan (up 17.83%) [1] - Companies like Huabei Pharmaceutical (600812) and Jiangsu Suo (600746) also reported significant changes in their financial metrics, with varying trends in net profit and operating revenue [1][2]

内容概况：锅炉及原动机制造业作为通用设备领域的技术密集型产业，凭借其独特的技术复杂性、市场 适应性和管理精细化特征，在国民经济中扮演着重要角色。近年来，中国国民经济持续快速发展，国内 企业工业化水平的大幅度提高，通用设备在各个行业的需求不断增长，对通用设备等的消费需求越来越 大，从而有效拉动了锅炉及原动机制造内需市场的发展。数据显示，得益于国内工业化水平提升带来的 设备更新需求，我国锅炉及原动机制造市场规模从2015年的5174.8亿元增长至2024年的7113.8亿元，年 复合增长率为3.6%。当前，我国锅炉及原动机制造市场规模在全球占比不足10%，与发达国家相比存在 明显差距，国内锅炉及原动机制造行业发展空间巨大。在产品结构方面，国内企业正逐步突破关键技术 瓶颈，在中高端产品领域实现进口替代，未来随着技术创新能力持续提升和市场需求结构优化，锅炉及 原动机制造行业有望实现更高质量的发展。 锅炉行业基本遵循市场化发展模式。我国锅炉制造行业的产业政策管理部门是国家发展改革委，主要负 责产业政策的制定、项目审批等。目前，我国对锅炉生产实施许可证管理制度，锅炉生产企业必须申领 由国家质量检验检疫总局颁发的"制造许可 ...

Core Viewpoint - The company has shown significant improvement in its financial performance, particularly in net profit, while also focusing on strategic growth areas such as internationalization and renewable energy [2][3]. Financial Performance - In 2024, the company achieved operating revenue of 6.437 billion yuan, a decrease of 20.33% year-on-year [2]. - The net profit attributable to shareholders reached 440 million yuan, an increase of 705.74% compared to the previous year [2][5]. - The net profit after deducting non-recurring gains and losses was 144 million yuan, reflecting a substantial growth of 1,436.69% year-on-year [2]. Order and Market Activity - In the first quarter of 2025, the company secured new orders totaling approximately 1.57 billion yuan, representing a year-on-year growth of 16.8% [2][5]. Strategic Initiatives - The company plans to enhance its service and operational models in overseas markets, transitioning from a single equipment export model to an integrated service model that includes "equipment + engineering + operation and maintenance" [3]. - The company aims to leverage its core technology in molten salt energy storage to expand into more energy utilization scenarios and demonstration projects [3]. - Continuous efforts will be made to explore the market potential in spare parts modification and to drive the value release of existing assets [3]. Share Buyback Activity - As of March 31, 2025, the company has repurchased a total of 2,817,300 shares, accounting for 0.38% of the total share capital, with a total transaction amount of approximately 34.99 million yuan [3][5].

Financial Performance - In 2024, the company achieved a net profit of 440 million CNY, a significant increase of 705.74% compared to the previous year [3] - The non-recurring net profit reached 144 million CNY, marking a growth of 1436.69% year-on-year [3] - Total revenue for 2024 was 6.437 billion CNY, a decrease of 20.33% from the previous year [3] Order and Market Strategy - In Q1 2025, the company secured new orders totaling approximately 1.57 billion CNY, reflecting a year-on-year growth of 16.8% [13] - The company plans to focus on "internationalization, new energy, and new services" as its three strategic pillars [3] - The company aims to transition from single equipment exports to integrated services including "equipment + engineering + operation and maintenance" [3] Stock Buyback and Market Management - As of March 31, 2025, the company repurchased 2,817,300 shares, accounting for 0.38% of the total share capital [3] - The total amount spent on the buyback was approximately 34.99 million CNY [3] - The company emphasizes value management through operational efficiency, annual cash dividends, and enhanced investor relations [19] Inventory and Cost Management - The company's inventory at the end of 2024 was 1.55 billion CNY, an increase from 1.399 billion CNY at the beginning of the year [6] - Cost control measures have led to an improvement in gross margin and a reduction in selling and administrative expenses [21] Research and Development - R&D expenses increased by 19.39% in 2024, totaling 392 million CNY, focusing on traditional energy efficiency and new energy technology [7] - The company aims to enhance its technological capabilities in energy utilization and renewable energy generation [7] Industry Outlook - The company anticipates growth opportunities in the international market and service sectors, despite a slowdown in traditional business growth [14] - The dual carbon policy is expected to encourage demand for the company's products, such as waste heat boilers and molten salt energy storage [5] Debt and Financial Health - The company's debt-to-asset ratio for 2024 was 68.62%, a decrease of 4.1% from the previous year, indicating improved financial health [18]

西子清洁能源装备制造股份有限公司（以下简称"公司"）2025年第一季度 订单数据如下： | 按产品分类 | 2025年第一季度新增 | | 本年累计新增订单 | 截至2025年3月31日 | | --- | --- | --- | --- | --- | | | 订单 | | | 在手订单 | | 余热锅炉 | | 49,105 | 49,105 | 209,242 | | 清洁环保能源装备 | | 10,486 | 10,486 | 124,849 | | 解决方案 | | 84,409 | 84,409 | 288,862 | | 备件及服务 | | 12,978 | 12,978 | 29,784 | | 合计 | | 156,978 | 156,978 | 652,737 | 一、2025年第一季度订单情况 | 证券代码：002534 | 证券简称：西子洁能 | 编号：2025－038 | | --- | --- | --- | | 债券代码：127052 | 债券简称：西子转债 | | 西子清洁能源装备制造股份有限公司 关于 2025 年第一季度订单数据的自愿性信息披露公告 本公司及董事会全体成员保 ...

Core Viewpoint - Multiple listed companies reported that the recent adjustments to U.S. tariffs have limited impact on their operations, with many having minimal direct exposure to the U.S. market [1][2][3][4][5]. Company Summaries - **Lizhong Group (SZ300428)**: The company focuses on functional intermediate alloy new materials, recycled aluminum alloy materials, and aluminum alloy wheels. Its products related to recycled aluminum alloy materials have little to no exports to the U.S., thus not affected by the tariff changes. The company is monitoring policy changes and is proactively adjusting its supply chain and customer negotiations [1]. - **Shenghong Co., Ltd. (SZ300693)**: The company’s direct exports to the U.S. amount to approximately 56 million yuan, representing only 1% to 2% of its total revenue. It has prepared for uncertainties by collaborating with a Malaysian factory for local production, expected to be ready by May 2025 [1]. - **Hudian Co., Ltd. (SZ002463)**: The company’s direct exports to the U.S. account for less than 5% of its revenue, with most products exported to Southeast Asia. It is closely monitoring trade disputes and communicating with customers to find solutions [2]. - **Xizi Clean Energy (SZ002534)**: The company has a small proportion of business related to the U.S. market, focusing mainly on Southeast Asia, the Middle East, and Africa. Its main operations are not significantly impacted by U.S. tariffs [2]. - **Hengshuai Co., Ltd. (SZ300969)**: Direct sales to the U.S. represent about 2.7% of the company’s overall business. The company uses EXW and FOB pricing methods, minimizing the impact of tariff increases. Future strategies will focus on optimizing capacity and development plans [3]. - **Jinfu Technology (SZ003018)**: The company stated that tariff issues will not significantly affect its existing overseas sales regions [5]. - **Weixing Co., Ltd. (SZ002003)**: The company’s international business is primarily in Bangladesh and Vietnam, with a very low percentage of direct exports to the U.S. [5]. - **Hailide (SZ002206)**: The company has established a multi-dimensional response mechanism, including optimizing its production structure in Vietnam and enhancing customer price negotiation strategies [5]. - **Guansheng Co., Ltd. (SH605088)**: The company does not heavily rely on the U.S. market, indicating that the tariff increases will have limited long-term effects [5].