飞龙汽车部件股份有限公司 2024 年半年度报告全文 飞龙汽车部件股份有限公司 （证券简称：飞龙股份 证券代码：002536） 2024 年半年度报告 二零二四年七月二十四日 1 飞龙汽车部件股份有限公司 2024 年半年度报告全文 第一节 重要提示、目录和释义 公司董事会、监事会及董事、监事、高级管理人员保证半年度报告内容 的真实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担 个别和连带的法律责任。 本报告中涉及的未来发展陈述，属于计划性事项，不构成公司对投资者 的实质承诺，敬请投资者及相关人士均应当对此保持足够的风险认识，并且 应当理解计划、预测与承诺之间的差异，注意投资风险。 公司未来可能面对的风险详见本报告"第三节、管理层讨论与分析"之 "十、公司面临的风险和应对措施"，敬请广大投资者予以关注。 公司计划半年度不派发现金红利，不送红股，不以公积金转增股本。 2 飞龙汽车部件股份有限公司 2024 年半年度报告全文 | --- | --- | --- | --- | |--------|------------------------|--------------------------- ...

Investment Rating - The report gives a "Buy" rating for the company with a target price of 13 yuan [35] Core Views - The company is a leader in engine cooling and emission reduction, with its traditional businesses in mechanical water pumps, exhaust manifolds, and turbocharger housings forming a solid foundation It is actively expanding into new energy thermal management modules and civilian thermal management businesses, while accelerating overseas expansion [32] - The company's 2023 revenue reached 4 095 billion yuan, a year-on-year increase of 25 69%, with net profit attributable to the parent company reaching 262 million yuan, a year-on-year increase of 211 14% The new energy cooling components and modules business revenue in 2023 was 370 million yuan, a year-on-year increase of 62 5% [32] - The company's overseas revenue accounted for 53 1% in 2023, with continuous expansion in international markets [32] Financial Performance - The company's gross margin and net margin rebounded in 2023, with gross margin reaching 20 9%, a year-on-year increase of 3 percentage points, and net margin reaching 5 9%, a year-on-year increase of 3 6 percentage points [4] - The company's R&D expenses reached 240 million yuan in 2023, with an R&D expense ratio of 5 9% [26] - The company's net profit attributable to the parent company in 2023 was 262 million yuan, a year-on-year increase of 211 14%, and in Q1 2024, it reached 120 million yuan, a year-on-year increase of 75 02% [24] Business Segments - The company's mechanical water pump market share is 25%, ranking among the top in the industry [68] - The company's turbocharger housing revenue accounted for 45 9% of total revenue in 2023, becoming the highest proportion among all product categories [89] - The company's new energy cooling components and modules business revenue in 2023 was 370 million yuan, a year-on-year increase of 62 5% [32] Market and Industry Analysis - The global turbocharger market is highly concentrated, with Garret, Cummins, BorgWarner, MHI, and IHI accounting for over 90% of the global market share [14] - The global new energy vehicle water pump market is expected to reach 4 09 billion USD by 2029, with a CAGR of 19 79% from 2022 to 2029 [83] - The value of thermal management systems in new energy vehicles has increased 2-3 times compared to traditional fuel vehicles, reaching 7,000 yuan per vehicle [87] R&D and Innovation - The company has obtained over 500 patents, including 141 invention patents and 2 international patents [70] - The company has 4 R&D centers, with the Shanghai and Wuhu centers focusing on new energy product development [70] - The company has completed multiple R&D projects, including new energy thermal management integration products and ultra-fast charging and energy storage system cooling modules [70] Expansion and Future Prospects - The company has established subsidiaries in Singapore and Thailand, with the Thailand factory expected to start production in 2025, contributing to the company's internationalization strategy [186] - The company plans to expand its product applications to IDC liquid cooling, 5G base stations, and other civilian thermal management fields [184] - The company's new energy and civilian thermal management businesses are expected to drive future growth, with significant potential in the data center liquid cooling market [177]

Revenue and Profit Growth - Revenue for the first quarter of 2024 was 1,240,409,962.15 yuan, a 31.15% increase compared to the same period last year[2] - Net profit attributable to shareholders of the listed company was 118,994,724.84 yuan, a 75.47% increase year-on-year[2] - Total revenue for Q1 2024 reached 1,240,409,962.15 yuan, a 31.2% increase compared to 945,772,256.79 yuan in the same period last year[19] - Net profit for Q1 2024 was 116,971,998.24 yuan, up 76.5% from 66,291,941.35 yuan in Q1 2023[20] - Operating profit for Q1 2024 was 128,041,308.84 yuan, a 74.6% increase from 73,320,970.33 yuan in Q1 2023[20] Earnings Per Share (EPS) - Basic earnings per share (EPS) and diluted EPS both increased by 75.00% to 0.21 yuan per share[2] - Basic earnings per share (EPS) for Q1 2024 was 0.21 yuan, compared to 0.12 yuan in Q1 2023[21] Cash Flow and Liquidity - Operating cash flow increased by 125.99% to 202,000,761.41 yuan, driven by higher revenue and improved payment collection[8] - Cash and cash equivalents rose to 741,604,325.99 yuan from 543,470,211.44 yuan[14] - Cash received from sales of goods and services reached 1,256,277,859.36 yuan in Q1 2024, up 29.2% from 972,353,613.77 yuan in Q1 2023[23] - Operating cash inflow increased to 1.328 billion yuan, up 27.7% year-over-year[24] - Operating cash outflow rose to 1.126 billion yuan, an 18.5% increase compared to the previous year[24] - Net cash flow from operating activities surged to 202 million yuan, a 126% year-over-year growth[24] - Investment cash outflow decreased significantly to 15.8 million yuan, down 84.9% year-over-year[24] - Net cash flow from investment activities improved to -9.99 million yuan, compared to -104.57 million yuan in the previous year[24] - Financing cash inflow dropped to 34.9 million yuan, an 83.6% decrease year-over-year[25] - Net cash flow from financing activities increased to 18.3 million yuan, up 194% year-over-year[25] - Net increase in cash and cash equivalents reached 210.72 million yuan, compared to -9.67 million yuan in the previous year[25] - Ending cash and cash equivalents balance grew to 509.27 million yuan, a 671.5% increase year-over-year[25] Assets and Liabilities - Total assets as of the end of the reporting period were 5,150,624,428.53 yuan, a 1.77% increase compared to the end of the previous year[2] - Total assets increased to 5,150,624,428.53 yuan, up from 5,061,033,875.92 yuan at the beginning of the period[15] - Total liabilities decreased slightly to 1,828,673,619.71 yuan in Q1 2024 from 1,855,687,402.51 yuan in Q1 2023[17] - Total equity increased to 3,321,950,808.82 yuan in Q1 2024 from 3,205,346,473.41 yuan in Q1 2023[17] - Accounts receivable increased to 796,123,421.53 yuan from 772,567,691.92 yuan[14] - Inventory decreased to 864,660,333.29 yuan from 1,057,860,367.09 yuan[15] - Fixed assets stood at 1,534,020,978.73 yuan, down from 1,575,698,846.95 yuan[15] - Short-term borrowings increased to 243,900,000.00 yuan from 224,062,097.22 yuan[15] - Accounts payable decreased to 612,690,098.41 yuan in Q1 2024 from 632,368,970.77 yuan in Q1 2023[16] - Deferred tax liabilities slightly decreased to 96,970,039.94 yuan in Q1 2024 from 97,755,940.19 yuan in Q1 2023[16] Shareholder Equity and Investments - Equity attributable to shareholders of the listed company increased by 3.67% to 3,348,855,134.41 yuan[3] - The company's weighted average return on equity (ROE) was 3.62%, an increase of 0.71 percentage points compared to the same period last year[2] - The largest shareholder, Henan Wanxi Holding Co., Ltd., holds 186,097,555 shares[11] - National Social Security Fund 502 Portfolio holds 5,200,036 shares, representing 0.90% of total shares[11] - Hong Kong Securities Clearing Company Limited holds 4,619,191 shares, representing 0.80% of total shares[11] - UBS AG holds 3,517,010 shares, representing 0.61% of total shares[11] Expenses and Costs - Financial expenses decreased by 228.37% to -5,312,512.28 yuan, mainly due to increased exchange gains from currency fluctuations[8] - Prepaid expenses increased by 143.80% to 46,129,616.61 yuan, primarily due to increased prepayments for precious metals[8] - R&D expenses increased to 59,132,741.40 yuan in Q1 2024, up 6.7% from 55,435,069.56 yuan in Q1 2023[20] Government Subsidies and Non-Recurring Items - The company received 9,560,303.89 yuan in government subsidies, which are classified as non-recurring gains[5]

飞龙汽车部件股份有限公司 2023 年年度报告全文 飞龙汽车部件股份有限公司 (证券简称:飞龙股份 证券代码: 002536) 2023 年年度报告 二零二四年四月十日 l 飞龙汽车部件股份有限公司 2023 年年度报告全文 第一节 重要提示、目录和释义 公司董事会、监事会及董事、监事、高级管理人员保证年度报告内容的 真实、准确、完整，不存在虚假记载、误导性陈述或重大遗漏，并承担个别 和连带的法律责任。 3 公司负责人孙耀忠、主管会计工作负责人孙定文及会计机构负责人（会 计主管人员）李晓钰声明：保证本年度报告中财务报告的真实、准确、完整。 2 所有董事均已出席了审议本报告的董事会会议。 飞龙汽车部件股份有限公司 2023 年年度报告全文 公司未来可能面对的风险详见本报告"第三节、管理层讨论与分析"之 "十一、公司未来发展的展望"中的"公司的风险因素与应对措施"，敬请 广大投资者予以关注。 录 日 本报告中涉及的未来发展陈述，属于计划性事项，不构成公司对投资者 的实质承诺，敬请投资者及相关人士均应当对此保持足够的风险认识，并且 应当理解计划、预测与承诺之间的差异，注意投资风险。 | 第一节 重要提示、目录和释义 ...

飞龙汽车部件股份有限公司 2023 年第三季度报告 证券代码：002536 证券简称：飞龙股份 公告编号：2023-102 飞龙汽车部件股份有限公司 （一） 主要会计数据和财务指标 2023年第三季度报告 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。 重要内容提示： 1.董事会、监事会及董事、监事、高级管理人员保证季度报告的真实、准确、完整， 不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 2.公司负责人、主管会计工作负责人及会计机构负责人(会计主管人员)声明：保证季 度报告中财务信息的真实、准确、完整。 3.第三季度报告是否经过审计 □是 否 一、主要财务数据 公司是否需追溯调整或重述以前年度会计数据 （二） 非经常性损益项目和金额 适用 □不适用 单位：元 | 项目 | 本报告期金额 | 年初至报告期期 末金额 | 说明 | | --- | --- | --- | --- | | 非流动资产处置损益（包括已计提资产减值准 | -3,267,599.32 | -4,234,871.88 | | | 备的冲销部分） | | | | | 计 ...

飞龙汽车部件股份有限公司 2023 年半年度报告全文 飞龙汽车部件股份有限公司 （证券简称：飞龙股份 证券代码：002536） 2023 年半年度报告 二零二三年八月二十四日 1 飞龙汽车部件股份有限公司 2023 年半年度报告全文 第一节 重要提示、目录和释义 公司董事会、监事会及董事、监事、高级管理人员保证半年度报告内容 的真实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担 个别和连带的法律责任。 公司负责人孙耀忠、主管会计工作负责人孙定文及会计机构负责人(会计 主管人员)李晓钰声明：保证本半年度报告中财务报告的真实、准确、完整。 所有董事均已出席了审议本次半年报的董事会会议。 本报告中涉及的未来发展陈述，属于计划性事项，不构成公司对投资者 的实质承诺，敬请投资者及相关人士均应当对此保持足够的风险认识，并且 应当理解计划、预测与承诺之间的差异，注意投资风险。 公司在自身发展过程中，存在传统汽车行业下滑、原材料价格波动、产 品价格下降、汇率波动、国际贸易环境等风险因素，敬请广大投资者注意投 资风险，详细内容见本报告中第三节第十小节"公司面临的风险和应对措 施"。 公司计划半年报不派发现金红利， ...

证券代码：002536 证券简称：飞龙股份 飞龙汽车部件股份有限公司投资者关系活动记录表 | --- | --- | --- | --- | |----------------------|----------------------------------------|---------------|--------| | | □特定对象调研 | □分析师会议 | | | 投资者关系活动 | □媒体采访 | □业绩说明会 | | | 类别 | □新闻发布会 | □路演活动 | | | | □现场参观 | | | | | ■其他 （电话会议） | | | | | 招商证券资产管理有限公司 投资经理 李俊 | | | | | 投资经理 | | 李传真 | | 参与单位名称及 | 天安人寿保险股份有限公司 定增负责人 | | 李勇钢 | | 人员姓名 | 富国基金管理有限公司 | 分析师 | 冯升 | | | 山西证券股份有限公司 投资经理 | | 陈南荣 | | | | 分析师 孟成祯 | | | | 副总经理、财务总监：孙定文 | | | | 上市公司接待人员姓名 | 副总经理、董事会秘书：谢国楼 | | | ...

证券代码：002536 证券简称：飞龙股份 飞龙汽车部件股份有限公司投资者关系活动记录表 | --- | --- | --- | |------------------------|------------------------------------------|-----------------------| | | □特定对象调研 | □分析师会议 | | 投资 者关系活动 | □媒体采访 | □业绩说明会 | | 类别 | □新闻发布会 | □路演活动 | | | □现场参观 | | | | ■其他 （电话会议） | | | | 信达澳亚基金管理有限公司 投资总监 冯明远 | | | 参与单位名称及人员姓名 | 工银瑞信基金管理有限公司 研究员 郭照阳 | | | | 上海运舟私募基金管理有限公司 | 研究总监、合伙人 翟鹏 | | | 副总经理、财务总监：孙定文 | | | 上市 公司接待人员姓名 | 副总经理、董事会秘书：谢国楼 | | 证券事务代表：谢坤 地点 公司会议室（线上） 1、公司排气歧管原材料有哪些？ 回复：公司排气歧管原材料主要有生铁、镍、钼铁等 。 2、公司二季度经营情况如何？ ...

证券代码：002536 证券简称：飞龙股份 飞龙汽车部件股份有限公司投资者关系活动记录表 | --- | --- | |-----------------|---------------------------------| | | □特定对象调研 □分析师会议 | | 投资 者关系活动 | □媒体采访 | | 类别 | □新闻发布会 □路演活动 | | | □现场参观 | | | □其他（请文字说明其他活动内容） | | 参与单位名称及 | 参与河南辖区上市公司 | | 人员姓名 | 的投资者 | | 时间 2023 | 年 5 月 18 日 | | 地点 | "全景·路演天下" | 副总经理、财务总监：孙定文 上市 公司接待人 员姓名 副总经理、董事会秘书：谢国楼 1、谢总您好!贵公司的涡壳产品占营收比例较大，请问该产 品目前发展现状如何？未来趋势怎样？ 回复：感谢您的关注！汽车行业节能减排的发展理念，促进 了涡轮增压器的应用；同时混动技术的快速上量，带来公司 涡轮增压器壳体仍将保持一定的增速。涡轮增压器壳体产品 是公司向新能源汽车领域转型过渡的支撑产品。谢谢！ 投资 者关系活动 主要内容介绍 2、孙总你 ...

证券代码：002536 证券简称：飞龙股份 公告编号：2023-041 飞龙汽车部件股份有限公司 关于参加河南辖区上市公司2023年投资者网上集体接待日活动的公告 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、误导性陈述或者重大遗漏。 为进一步加强与投资者的互动交流，飞龙汽车部件股份有限公司定于 2023 年 5 月 18 日（周四）16:00-17:20 参加在全景网举办的"真诚沟通 传递价值" 河南辖区上市公司 2023 年投资者网上集体接待日活动，本次活动将采用网络远 程的方式举行，投资者可登录"全景·路演天下"( http: //rs.p5w.net）参与 本次互动交流。 出席本次网上集体接待日活动的人员有：公司财务总监孙定文和董事会秘书 谢国楼（如有特殊情况，参会人员将可能进行调整），欢迎广大投资者积极参与。 特此公告。 飞龙汽车部件股份有限公司董事会 二〇二三年五月十五日 ...