安徽鸿路钢结构(集团)股份有限公司 内部控制审计报告 天健审〔2025〕5-33 号 天健会计师事务所（特殊普通合伙） 目 录 | | | 二、报告附件……………………………………………………第 3—6 页 内部控制审计报告 安徽鸿路钢结构(集团)股份有限公司全体股东： 按照《企业内部控制审计指引》及中国注册会计师执业准则的相关要求，我 们审计了安徽鸿路钢结构(集团)股份有限公司（以下简称鸿路钢构公司）2024 年 12 月 31 日的财务报告内部控制的有效性。 天健审〔2025〕5-33 号 一、企业对内部控制的责任 按照《企业内部控制基本规范》《企业内部控制应用指引》以及《企业内部 控制评价指引》的规定，建立健全和有效实施内部控制，并评价其有效性是鸿路 钢构公司董事会的责任。 二、注册会计师的责任 我们的责任是在实施审计工作的基础上，对财务报告内部控制的有效性发表 审计意见，并对注意到的非财务报告内部控制的重大缺陷进行披露。 三、内部控制的固有局限性 内部控制具有固有局限性，存在不能防止和发现错报的可能性。此外，由于 情况的变化可能导致内部控制变得不恰当，或对控制政策和程序遵循的程度降低， 根据内部控制审 ...

安徽鸿路钢结构(集团)股份有限公司 2024 年度审计报告 天健审〔2025〕5-32 号 天健会计师事务所（特殊普通合伙） 目 录 | 一、审计报告……………………………………………………… | 第 | 1—6 | | 页 | | --- | --- | --- | --- | --- | | 二、财务报表……………………………………………………… | 第 | 7—16 | | 页 | | （一）合并资产负债表…………………………………………… | | 第 | 7 | 页 | | （二）母公司资产负债表………………………………………… | | 第 | 8 | 页 | | （三）合并利润表………………………………………………… | | 第 | 9 | 页 | | （四）母公司利润表………………………………………………第 | | | 10 | 页 | | （五）合并现金流量表……………………………………………第 | | | 11 | 页 | | （六）母公司现金流量表…………………………………………第 | | | 12 | 页 | | （七）合并所有者权益变动表……………………………… | 第 | 13-14 ...

安徽鸿路钢结构（集团）股份有限公司董事会 关于对独立董事独立性评估的专项意见 安徽鸿路钢结构（集团）股份有限公司 董 事 会 二〇二五年四月十八日 根据《上市公司独立董事管理办法》、《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》、《公司 章程》、《公司独立董事制度》等要求，安徽鸿路钢结构（集团）股份有限公司公 司（以下简称"公司"）董事会就在任独立董事王琦先生、潘平先生的独立性进 行评估并出具如下专项意见： 经核查，根据独立董事王琦先生、潘平先生的任职经历以及签署的相关自查 文件等内容，公司董事会认为上述人员未在公司担任独立董事以外的任何职务， 也未在公司主要股东担任任何职务，与公司以及主要股东之间不存在利害关系或 其他可能妨碍其进行独立客观判断的关系，不存在其他影响独立董事独立性的情 况，因此，公司独立董事王琦先生、潘平先生符合《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》等 相关法律法规及公司《独立董事工作制度》、《公司章程》中对独立董事独立性的 相关要求。 ...

大家好！作为安徽鸿路钢结构（集团）股份有限公司（以下简称"公司"） 的独立董事。本人严格按照《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》、《公 司章程》和《独立董事工作制度》等有关法律、法规和部门规章的规定，勤勉尽 责，切实发挥独立董事的作用。现将本人 2024 年度履职情况述职如下： 一、 独立董事的基本情况 安徽鸿路钢结构（集团）股份有限公司 独立董事二○二四年度述职报告 尊敬的各位股东及代表： | 独立董事 | 应出席股东会次数 | 出席次数 | 委托出席次数 | 缺席次数 | | --- | --- | --- | --- | --- | | 王琦 | 3 | 3 | 0 | 0 | 2024 年度，本人认真参加公司的董事会和股东会及相关委员会，积极履行独 立董事勤勉尽责义务。公司 2024 年各次董事会、股东会的召集召开均符合法定程 序，重大经营决策事项和其他重大事项均履行了相关程序合法有效。本人没有对 公司董事会各项议案及公司其它事项提出异议的情况。 本人王琦，中国注册会计师，高级会计师，资产评估师。曾任职于煤炭工业 合肥设计 ...

独立董事年度述职报告 各位股东及股东代表： 本人作为安徽鸿路钢结构（集团）股份有限公司（以下简称"公司"）的独 立董事，按照《公司法》、《上市公司独立董事规则》、《上市公司自律监管指 引第 1 号——主板上市公司规范运作》、《深圳证券交易所股票上市规则》等法 律、法规和《公司章程》、《公司独立董事制度》的要求，在 2024 年度勤勉地履 行了职责，独立、谨慎、认真地行使了公司赋予的权利，及时了解公司的经营状 况，积极出席公司召开的相关会议及独立董事专门会议，认真审议各项议案，充 分发挥了独立董事及各专业委员会委员的作用，切实维护了公司和全体股东尤其 是社会公众股股东的合法权益。现将本人 2024 年履职情况报告如下： 一、独立董事的基本情况 本人为二级律师（高级）。曾任职于安徽省人民检察院、安徽省经济律师事 务所。现任安徽安泰达律师事务所高级合伙人、安徽峆一药业股份有限公司独立 董事，本公司独立董事。 作为公司的独立董事，经自查，本人符合《上市公司独立董事管理办法》及 《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》等 相关法律法规中对独立董事独立性的相关要求，不存在影响独立性的情况。 ...

Financial Performance - The company's operating revenue for 2024 was ¥21.51 billion, a decrease of 8.60% compared to ¥23.54 billion in 2023[20]. - Net profit attributable to shareholders for 2024 was ¥772.27 million, down 34.51% from ¥1.18 billion in 2023[20]. - The net profit after deducting non-recurring gains and losses was ¥481.44 million, a decline of 44.91% from ¥873.98 million in 2023[20]. - Cash flow from operating activities for 2024 was ¥573.43 million, a decrease of 47.77% compared to ¥1.10 billion in 2023[20]. - Basic earnings per share for 2024 were ¥1.12, down 34.50% from ¥1.71 in 2023[20]. - Total assets at the end of 2024 were ¥25.24 billion, an increase of 8.40% from ¥23.28 billion at the end of 2023[20]. - The company's net assets attributable to shareholders increased by 4.54% to ¥9.61 billion at the end of 2024, compared to ¥9.19 billion at the end of 2023[20]. - The company reported a significant decline in quarterly net profit, with the fourth quarter showing only ¥116.77 million compared to higher profits in previous quarters[25]. - The gross margin for the main business decreased by 0.79% to 8.21% compared to the previous year[60]. - The company achieved a total revenue of 21.51 billion yuan, a decrease of 8.60% compared to the previous year[55]. - Net profit attributable to shareholders was 772 million yuan, down 34.51% year-on-year, while the net profit excluding non-recurring items was 481 million yuan, a decrease of 44.91%[55]. Dividend Policy - The company plans to distribute a cash dividend of 3.6 CNY per 10 shares (including tax) based on a total share capital of 690,012,818 shares, after deducting 2,650,000 shares in the repurchase account[4]. - The company plans to distribute a cash dividend of 3.60 yuan per 10 shares, totaling 247,450,614.48 yuan, which represents 100% of the total profit distribution amount[147]. - The cumulative distributable profit for the parent company as of December 31, 2024, is 925,235,826.08 yuan, after accounting for a net profit of 772,271,748.08 yuan for the year[148]. - The company has not proposed any stock bonus or capital reserve conversion to shares for the current reporting period[148]. - The company has maintained a consistent cash dividend policy that protects the rights of minority shareholders and meets their reasonable demands[147]. Market Position and Strategy - The company is positioned to benefit from the increasing adoption of steel structure prefabricated buildings, supported by national policies promoting this sector[30]. - The steel structure industry aims to reach a usage of 140 million tons by 2025, with a target of 15% of new building area being steel structure buildings[30]. - The company plans to expand its steel structure production capacity and improve production efficiency through digital upgrades and intelligent transformations[38]. - The company continues to focus on high-end manufacturing in the steel structure sector, establishing strategic partnerships with major contractors[40]. - The company has established long-term strategic partnerships with major state-owned enterprises, including China State Construction and China Metallurgical Group[96]. - The company is focusing on expanding its market presence through strategic partnerships and collaborations with various asset management firms and securities companies[106][107][108]. Research and Development - The company increased its R&D investment, introducing advanced equipment such as fully automated steel plate shearing and distribution production lines, and various intelligent laser cutting machines[56]. - The number of R&D personnel rose by 26.00% to 3,499, with a notable increase in the proportion of personnel aged over 40[70]. - Research and development expenses increased by 5.67% to ¥739,569,017.04, accounting for 3.44% of operating revenue[70]. - The company aims to enhance its core competitiveness by increasing R&D investment in intelligent manufacturing and green building solutions[94]. Environmental Compliance - The company has obtained pollution discharge permits for various subsidiaries, with the latest being for Hubei Honglu Steel Structure Co., Ltd. in July 2023[161]. - The company strictly adheres to multiple environmental protection laws and standards, including the Comprehensive Emission Standards for Wastewater and Air Pollutants[160]. - The company reported a total emission of 7.608 tons per year for non-methane total hydrocarbons, which is below the permitted limit of 24.603 tons per year[162]. - The company has established waste gas treatment facilities that comply with environmental regulations, utilizing "filter cotton + activated carbon adsorption" for paint mist purification[167]. - The company has invested 153,300 CNY in environmental protection tax during the reporting period, reflecting its commitment to environmental responsibilities[172]. - The company is actively monitoring and managing emissions to ensure compliance with national environmental standards[164]. Governance and Management - The company has a robust governance structure, with clear separation of powers among the shareholders' meeting, board of directors, and supervisory board[114]. - The company maintains a complete and independent financial accounting system, with dedicated financial personnel and independent bank accounts[118]. - The company has established a performance evaluation system for senior management to determine remuneration based on operational performance and assessment indicators[130]. - The company has a diverse board with members having backgrounds in finance, law, and management[124]. - The company emphasizes transparency in information disclosure, ensuring timely and accurate communication with investors[115]. Employee Relations - The company has established a long-term training mechanism for employees, with annual training plans tailored to meet both employee needs and corporate development goals[145]. - The company has a total of 26,033 employees, with a professional composition including 22,509 production personnel, 41 sales personnel, 2,950 technical personnel, 104 financial personnel, and 429 administrative personnel[143]. - The company has implemented a dynamic salary assessment system that links employee compensation to individual and team performance, enhancing salary competitiveness[144]. - The company has a competitive compensation and benefits system to attract and retain talent in a tight labor market[101]. Risk Management - The company faces risks from fluctuations in steel prices, which can impact cash flow and operational performance due to the cost-plus pricing model[100]. - Labor cost increases and labor shortages pose risks to production efficiency and operational stability, prompting the company to enhance employee incentives and invest in smart manufacturing[101]. - The company's business development is closely tied to macroeconomic conditions, including fixed asset investment and monetary policy, which may lead to fluctuations in main business operations[99]. - New production bases may face underutilization risks, potentially failing to meet expected benefits[103]. Investor Relations - The company conducted multiple investor relations activities in May, July, August, September, October, and November 2024, indicating ongoing engagement with institutional investors[106][107][108]. - The investor relations activities included both onsite and telephonic research, showcasing the company's commitment to transparency and communication with stakeholders[107][108]. - The company is expected to provide further updates on its performance and strategic initiatives in upcoming investor meetings scheduled for late 2024[108]. - The engagement with institutional investors reflects the company's focus on building a robust investor base and ensuring alignment with market expectations[106][107][108].

鸿路钢构（002541）公告，2024年营业收入215.14亿元，同比下降8.60%。归属于上市公司股东的净利 润7.72亿元，同比下降34.51%。基本每股收益1.12元/股，同比下降34.50%。公司拟向全体股东每10股派 发现金红利3.6元(含税)，送红股0股(含税)，不以公积金转增股本。 ...

Investment Rating - The report maintains a positive outlook on the construction and decoration industry, indicating an "Overweight" rating, suggesting that the industry is expected to outperform the overall market [1]. Core Insights - The construction sector experienced a weekly decline of 3.43%, underperforming the Shanghai Composite Index, which fell by 3.11% and the CSI 300 Index, which decreased by 2.87% [3][6]. - Key sub-sectors that performed best during the week included infrastructure state-owned enterprises (-1.33%), international engineering (-1.63%), and steel structures (-4.16%) [6][10]. - Notable companies with significant weekly gains included China Railway (+0.89%), Chalco International (+1.51%), and Honglu Steel Structure (+0.97%) [6][10]. - Year-to-date, the international engineering sector has seen a rise of 1.73%, with Chalco International leading with a 7.03% increase, and Honglu Steel Structure showing a 16.51% increase [6][10]. Summary by Sections Industry Performance - The construction industry saw a weekly decline of 3.43%, outperforming the Shenzhen Composite Index (-5.13%), the Small and Medium Enterprises Board (-4.32%), and the ChiNext Index (-6.73%) [3][6]. - The best-performing sub-sectors for the week were infrastructure state-owned enterprises, international engineering, and steel structures [6][10]. Key Company Developments - Jinggong Steel Structure reported a 12.03% increase in revenue for 2024, but a 6.69% decrease in net profit [18]. - Honglu Steel Structure reported a 1.25% increase in new sales contracts for the first quarter, with a production increase of 14.29% compared to the same period in 2024 [18]. - China Railway secured a major project worth 66.772 billion yuan, representing 5.77% of its total revenue for 2024 [18]. Investment Analysis - The report suggests that infrastructure investment is expected to recover in 2025, highlighting the investment value in cyclical high-elasticity sectors [2][18]. - Recommended stocks include Honglu Steel Structure in the steel structure sector, and China Railway and China State Construction Engineering in the state-owned enterprise category [2][18].

点击注册小程序 查看完整报告 产量： 2 5Q1产量增长提速，智能化改造对生产效率提升或初步显现 2 5 Q 1公司钢结构 产量 105 万吨 ， 同比 + 14 %。或主要由于： 1） 年初客户资金到位情况较好，提货顺 畅； 2） 智能化改造初显成效 ， 从拖累项变为平衡项。 展望：吨盈利有望阶段性改善。 对于智能化改造进度的判断 特别申明： 本订阅号中所涉及的证券研究信息由光大证券研究所编写，仅面向光大证券专业投资者客户，用作新媒体形势下研究 信息和研究观点的沟通交流。非光大证券专业投资者客户，请勿订阅、接收或使用本订阅号中的任何信息。本订阅号 难以设置访问权限，若给您造成不便，敬请谅解。光大证券研究所不会因关注、收到或阅读本订阅号推送内容而视相 关人员为光大证券的客户。 报告摘要 事件： 鸿路钢构公告 25Q1季度经营数据。25Q1，公司新签订单70.52亿元，同比+1.25%；实现钢结构产品产量约 105 万吨，同比 + 14 % 。 点评： 订单：剔除钢价扰动后，判断 2 5Q1接单量同比两位数正增长 25Q1 公司订单金额同比 +1 %； 根据 wind数据，25Q1热轧板卷平均价格约3478元/ ...