002611 东方精工 2024 年度股东大会决议公告 证券代码：002611 证券简称：东方精工 公告编号：2025-017 特别提示： 1、本次股东大会未出现否决提案的情形。 2、本次股东大会未涉及变更以往股东大会已通过的决议。 广东东方精工科技股份有限公司 2024 年度股东大会决议公告 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、会议召开和出席情况 1．会议召开情况： （1）现场会议召开日期和时间：2025 年 4 月 7 日（星期一）下午 3:00。 （2）网络投票日期和时间：2025 年 4 月 7 日。其中，通过深圳证券交易所交易系统进 行网络投票的时间为 2025 年 4 月 7 日 9:15-9:25，9:30-11:30 和 13:00-15:00；通过深圳证券 交易所互联网投票系统投票的具体时间为 2025 年 4 月 7 日 9:15-15:00。 （3）现场会议地点：广东省佛山市南海区狮山镇强狮路 2 号东方精工办公楼三楼会议 室。 （4）会议召开方式：本次股东大会采取现场投票与网络投票相结合的方式。 （5）会议召集人：公司董 ...

Group 1: Packaging Equipment Business - The company actively implements the "going out, bringing in" strategy in the corrugated packaging equipment sector, enhancing its competitive advantage through overseas mergers and acquisitions while building domestic high-end equipment capabilities [1][2] - Subsidiaries Fosber Asia and Tiruña Asia have achieved a 90% domestic manufacturing rate for mid-to-high-end corrugated lines, significantly reducing production costs and enhancing product competitiveness [2] Group 2: Outboard Motor Industry - The outboard motor industry primarily serves the yacht and sailing boat sectors, with the global leisure boat market projected to grow from $16.4 billion in 2021 to $23.6 billion by 2027, reflecting a compound annual growth rate (CAGR) of approximately 6.20% [3][4] - Baisheng Power has maintained the highest market share in China's outboard motor industry from 2020 to 2022, benefiting from the dual advantages of industry growth and domestic substitution [4] Group 3: Digital Printing Technology - Wandek Digital's printing technology allows direct printing from computer/mobile files onto various packaging materials without the need for plate-making, offering cost-effectiveness and flexibility for small batch orders [5][6] - The launch of the WONDER INNO PRO industrial-grade printer in 2024, featuring 1800npi precision, aims to provide high-quality digital printing comparable to offset printing [6] Group 4: Strategic Investments and Collaborations - The company follows a "1+N" development strategy, focusing on strategic investments that align with its core business, particularly in robotics and embodied intelligence [7][8] - Collaborations with leading firms like Jiaten Robotics and Ruoyu Technology aim to enhance the company's capabilities in intelligent industrial robotics and digital transformation [7][8]

Financial Performance - In 2024, the company achieved total revenue of approximately CNY 4.778 billion, remaining stable compared to 2023 [2] - Net profit attributable to shareholders was approximately CNY 500 million, a year-on-year increase of 15.54% [2] - Net profit excluding non-recurring gains and losses was approximately CNY 527 million, up 44.42% year-on-year [2] - Net cash flow from operating activities reached CNY 703 million, an increase of 44.21% [2] Business Segments Intelligent Packaging Equipment - Revenue for the intelligent packaging equipment segment was CNY 4.021 billion, with a gross margin of 31.58%, an increase of 3.74% year-on-year [2] - The Fosber Group, a subsidiary, generated revenue of CNY 2.975 billion, a 2% increase year-on-year [2] - The segment's profitability improved through internal collaboration and cost optimization [2] Marine Power Equipment - The subsidiary Baisheng Power achieved revenue of CNY 757 million, showing steady growth [3] - In 2024, Baisheng Power launched a 300-horsepower gasoline outboard motor, breaking the long-standing monopoly of Japanese and American brands [3][8] Strategic Development - The company follows a "1+N" development model focusing on core business and external growth through strategic investments [3] - Emphasis on vertical integration and strategic investments in emerging industries to enhance competitiveness [4] - Recent investments in robotics and artificial intelligence aim to build a comprehensive smart industry ecosystem [11] Shareholder Returns - Since its listing, the company has distributed approximately CNY 153 million in cash dividends [12] - The company has repurchased shares totaling approximately CNY 1.802 billion, with 86.46% of repurchased shares already canceled [12] Market Expansion - The Fosber Group is expanding into emerging markets such as Latin America and Africa, establishing a subsidiary in Mexico [6] - The company is enhancing its after-sales and equipment parts business, which has become a significant growth driver [6] Future Outlook - The company anticipates continued growth in the intelligent packaging equipment sector and aims to leverage its new marine products to capture high-value markets [6][8]

Investment Rating - The investment rating for the company is "Buy-A" with a target price of 15.76 CNY, maintaining the rating [5]. Core Views - The company has shown steady growth in its main business, with a focus on intelligent equipment manufacturing and a leading position in the robotics and embodied intelligence sectors [2][3]. - The company has successfully filled a gap in the domestic market with the launch of its first 300-horsepower gasoline outboard motor, breaking the monopoly of American and Japanese manufacturers [2]. - The company is actively pursuing an "1+N" external expansion strategy, focusing on strategic investments that align with its main business, and has made significant strides in the smart robotics industry through investments in leading firms [3]. Financial Performance - In 2024, the company's operating revenue reached 4.778 billion CNY, a year-on-year increase of 0.68%, while the net profit attributable to shareholders was 501 million CNY, up 15.54% year-on-year [1]. - The gross profit margin for 2024 was 30.08%, an increase of 0.87 percentage points year-on-year, supported by a decline in raw material and energy prices [4]. - The company has implemented cost control measures, resulting in a significant decrease in expense ratios, with the total expense ratio for 2024 at 12.65%, down 3.15 percentage points year-on-year [4][8]. Future Projections - The company is expected to achieve operating revenues of 5.450 billion CNY, 6.255 billion CNY, and 7.207 billion CNY for 2025, 2026, and 2027 respectively, with year-on-year growth rates of 14.07%, 14.77%, and 15.22% [9]. - The projected net profit for 2025 is 600 million CNY, reflecting a year-on-year growth of 19.84% [9]. - The company is positioned to benefit from emerging sectors such as robotics, embodied intelligence, digital printing, and smart factories, indicating strong future growth potential [9].

Summary of the Conference Call for Dongfang Precision Engineering Company Overview - **Company**: Dongfang Precision Engineering - **Industry**: Manufacturing, specifically in packaging equipment and high-tech sectors Key Points and Arguments 1. **2024 Performance**: The year 2024 is described as a milestone for Dongfang Precision Engineering, with improvements in revenue, profit, gross margin, and net margin. The overall financial health, including cash on hand and operating cash flow, has reached historical highs [3][4][5]. 2. **Revenue Growth**: Since its IPO in 2011, the company has achieved a compound annual growth rate (CAGR) of over 20% in revenue and over 15% in profit, showcasing strong operational capabilities [4][5]. 3. **"Main Business + N" Strategy**: The company follows a "Main Business + N" development model, focusing on external investments for industry chain integration and exploration of emerging sectors. This includes mergers and acquisitions, strategic stakes in high-tech fields, and financial equity investments [4][6][11]. 4. **Operational Efficiency**: Although 2025 order data was not disclosed, improvements in production efficiency and a significant reduction in inventory and receivables indicate enhanced operational efficiency. The core business continues to grow, with optimistic strategic development goals [4][9]. 5. **Bai Sheng Power's Performance**: Bai Sheng Power completed orders for 300 horsepower IGG in 2024, with a positive outlook for future trends. Despite fluctuations in gross margin due to accounting changes, the product's competitive edge remains strong [4][10]. 6. **Diversified Investment Strategy**: The company is actively investing in enterprises with technological advantages to quickly enter new market segments while consolidating its existing business. The focus is on high-end intelligent manufacturing firms that align with the company's ethos [4][11][12]. 7. **Impact of Accounting Policy Changes**: Changes in accounting policies have affected gross margins, with warranty costs moving from sales expenses to sales costs. The company anticipates a profit rebound in 2025, driven by improved margins from its products [4][13][16]. 8. **Aerospace and New Materials**: The company has established a presence in aerospace and new materials, aligning with national strategic development directions. These sectors are expected to continue growing rapidly, providing strong momentum for future development [4][20][21]. 9. **Cash Dividend Culture**: Since its listing, the company has maintained a cash dividend culture, planning to eliminate negative retained earnings by 2025 and resume cash dividends to shareholders [4][22]. 10. **Management of Diversified Business**: The company employs a group management structure to ensure effective control and support of its subsidiaries, focusing on real industry investments rather than becoming a purely investment-driven entity [4][23][24]. Other Important but Possibly Overlooked Content - **Future Employee Stock Ownership Plan**: The company has set goals for its employee stock ownership plan, indicating a commitment to employee engagement and confidence in future performance [4][25]. - **Technological Leadership**: The company has invested in high-potential firms, such as Ruo Yu Technology, which specializes in advanced AI and robotics, indicating a focus on innovation and technological advancement [4][18][26]. - **Invitation for Investor Engagement**: The company encourages investors to engage further, highlighting a willingness to share more insights and foster relationships [4][27].

广东东方精工科技股份有限公司 已审财务报表 2024年度 广东东方精工科技股份有限公司 目 录 | | 页 | | 次 | | --- | --- | --- | --- | | 审计报告 | 1 | - | 5 | | 已审财务报表 | | | | | 合并资产负债表 | 6 | - | 8 | | 合并利润表 | 9 | - | 10 | | 合并股东权益变动表 | 11 | - | 12 | | 合并现金流量表 | 13 | - | 14 | | 公司资产负债表 | 15 | - | 16 | | 公司利润表 | | 17 | | | 公司股东权益变动表 | 18 | - | 19 | | 公司现金流量表 | 20 | - | 21 | | 财务报表附注 | 22 | - | 143 | | 补充资料 | | | | | 1.非经常性损益明细表 | | 1 | | | 2.净资产收益率和每股收益 | | 1 | | 审计报告 安永华明（2025）审字第70022785_G01号 广东东方精工科技股份有限公司 广东东方精工科技股份有限公司全体股东： 一、审计意见 我们审计了广东东方精工科技股份有限公司的财 ...

广东东方精工科技股份有限公司 内部控制审计报告 2024年12月31日 内部控制审计报告 安永华明（2025）专字第70022785_G01号 广东东方精工科技股份有限公司 广东东方精工科技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，我们审计了广东 东方精工科技股份有限公司 2024 年 12 月 31 日的财务报告内部控制的有效性。 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》、《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，并评价其有效性是广东东方精工科技股份有限公司董事 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。 四、 财务报告内部控制审计意见 我们认为，广东东方精工科技股份有限公司于 2024 年 12 月 31 日按照《企业内部控制基 本规范》和相关规定在所有重大方面保持了有效的财务报告内部控制。 A member firm of Ernst & Young Global Limite ...

安永华明（2025）专字第70022785_G02号 广东东方精工科技股份有限公司 广东东方精工科技股份有限公司董事会： 我们审计了广东东方精工科技股份有限公司的2024年度财务报表，包括2024年12 月31日的合并及公司资产负债表，2024年度的合并及公司利润表、股东权益变动表和 现金流量表以及相关财务报表附注，并于2025年3月17日出具了编号为安永华明 （2025）审字第70022785_G01的无保留意见审计报告。 按照《上市公司监管指引第8号——上市公司资金往来、对外担保的监管要求》的 要求，广东东方精工科技股份有限公司编制了后附的2024年度非经营性资金占用及其 他关联资金往来情况汇总表（以下简称"汇总表"）。 如实编制和对外披露汇总表，并确保其真实性、合法性、完整性是广东东方精工 科技股份有限公司的责任。我们对汇总表所载资料与我们审计广东东方精工科技股份 有限公司2024年度财务报表时所复核的会计资料和经审计的财务报表的相关内容进行 了核对，在所有重大方面没有发现不一致之处。除了对广东东方精工科技股份有限公 司2024年度财务报表出具审计报告而执行的审计程序外，我们并未对汇总表所载资料 执行额 ...

广东东方精工科技股份有限公司 独立董事 2024 年度述职报告 （独立董事：冯志东） A. 审计委员会 作为公司董事会审计委员会的委员，严格按照《审计委员会工作细则》等规 定，积极参加审计委员会开展相关工作。报告期内，参与 1 次审计委员会例行会 议，充分沟通讨论，对季度财务报告、内部审计部的季度工作总结和下季度工作 计划等事项进行了审议。 本人作为广东东方精工科技股份有限公司（以下简称"公司"）第五届董事会 的独立董事，在 2024 年度严格按照《公司法》、《证券法》、《上市公司独立 董事管理办法》、《上市公司治理准则》、《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》等相关法律法规、规章 和制度的规定和要求，诚实、勤勉、独立地履行职责，积极出席相关会议，认真 审议董事会各项议案，维护了公司和股东特别是中小股东的合法利益。现将 2024 年度独立董事履行职责情况汇报如下： 一、基本情况 本人系中国人民大学国际会计专业经济学学士、中国华南理工大学工商管理 硕士，拥有会计专业技术（中级）资格证书。2009 年至 2016 年历任越秀企业（集 团）有限公司资本经营部副总经理 ...

广东东方精工科技股份有限公司 内幕信息知情人登记管理制度 广东东方精工科技股份有限公司 内幕信息知情人登记管理制度 $$\exists{\bf O}{\bf\equiv}\exists{\bf f}{\bf\not\equiv}\exists{\bf f}$$ 广东东方精工科技股份有限公司 内幕信息知情人登记管理制度 目 录 | 第一章 总 则 | | 1 | | --- | --- | --- | | 第二章 | 内幕信息及内幕信息知情人的范围 | 1 | | 第三章 | 内幕信息知情人的登记备案和报备 | 3 | | 第四章 | 内幕信息知情人的保密责任与义务 | 5 | | 第五章 责任追究 | | 6 | | 第六章 附 则 | | 7 | 广东东方精工科技股份有限公司 内幕信息知情人登记管理制度 第一章 总 则 第一条 为规范广东东方精工科技股份有限公司（以下简称"公司"）内幕 信息管理，加强内幕信息保密工作，维护公司信息披露的公开、公平、公正原 则，保护广大投资者的合法权益，根据《中华人民共和国证券法》（以下简称"《证 券法》"）《上市公司信息披露管理办法》《上市公司监管指引第5号——上市公司 内 ...