Investment Rating - The report assigns a "Hold" rating to the company [2][6]. Core Views - The company is a well-established supplier of port machinery, with its port machinery business continuing to recover post-pandemic. The company is actively pursuing mergers and acquisitions to explore new growth avenues. Based on the Q3 report performance and the order backlog in the port machinery business, the projected net profits for 2024-2026 are estimated at 0.47 billion, 0.83 billion, and 1.01 billion respectively, with corresponding EPS of 0.05, 0.08, and 0.10. The PE ratios for these years are projected to be 144.49, 80.78, and 66.40 respectively, leading to the initial coverage rating of "Hold" [6]. Summary by Relevant Sections Financial Performance - The company reported a significant revenue increase in Q3 2024, achieving 9.31 billion, a year-on-year growth of 80.93%. The net profit attributable to the parent company was 0.34 billion, reflecting a year-on-year increase of 141.63% [2][6]. - The company has turned around its performance after several years of losses, with a gross margin of 6.89% and a net margin of 1.75% for the first three quarters of 2024 [2][6]. Revenue and Profit Forecast - The projected revenue for 2024 is 1,189.01 million, with a growth rate of 77.18% compared to 2023. The net profit attributable to the parent company is expected to be 46.52 million, marking a significant recovery from previous losses [2][6]. - The company anticipates a continued upward trend in revenue and profit, with estimates for 2025 and 2026 being 1,477.15 million and 1,787.27 million in revenue, and 83.20 million and 101.22 million in net profit respectively [2][6]. Business Developments - The company has a strong order backlog in its port machinery business, which includes products such as quay cranes and rubber-tired gantry cranes. The business has been expanding its market share both domestically and internationally, with orders from major global ports [2][6]. - The company is also engaged in a strategic acquisition of Xiamen Ruixin Tuchip, which is expected to enhance its operational capabilities and market position. The acquisition involves a total investment of 198 million RMB, with a significant portion allocated for stock repurchase [5][6].

证券代码：002685 证券简称：华东重机 公告编号：2024-074 无锡华东重型机械股份有限公司 关于部分持股5%以上股东减持股份的预披露公告 徐州峰湖追光投资合伙企业（有限合伙）及重庆和谐志成企业管理合伙企业 （有限合伙）保证向本公司提供的信息内容真实、准确、完整，没有虚假记载、 误导性陈述或重大遗漏。 1、股东名称：徐州峰湖追光投资合伙企业（有限合伙） 截至本公告披露日，峰湖追光持有公司股份 70,144,419 股，占公司总股本的 6.96%， 前述股份处于股份质押状态。 2、股东名称：重庆和谐志成企业管理合伙企业（有限合伙） 截至本公告披露日，和谐志成持有公司股份 15,384,533 股，占公司总股本的 1.53%， 其中 10,000,000 股处于司法冻结状态。 本公司及董事会全体成员保证公告内容与信息披露义务人提供的信息一致。 特别提示： 1、持有本公司股份 70,144,419 股（占公司总股本的 6.96%）的股东徐州峰湖追光 投资合伙企业（有限合伙）（以下简称"峰湖追光"）计划自本公告披露之日起十五 个交易日后的三个月内，以大宗交易方式或集中竞价方式减持公司股份不 超过 20,153 ...

无锡华东重型机械股份有限公司 关于重大资产重组暨关联交易事项实施进展公告 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。 特别提示： 1．截至本公告披露日，交易对方已完成股权转让款的过户条件，已支付前两期 股权转让款累计 3.57 亿元，本次股权变更事项正有序推进中； 2．无锡华东重型机械股份有限公司（以下简称"公司""华东重机""上市公司"） 于 2023 年 12 月 6 日披露的《重大资产出售暨关联交易报告书（草案）》中详细披露 了本次交易可能存在的风险因素。 证券代码：002685 证券简称：华东重机 公告编号：2024-073 截至本公告披露日，本次交易已履行全部必要的决策和审批程序，符合《公司法》 《证券法》和《上市公司重大资产重组管理办法》等法律、法规及规范性文件的规定。 二、本次重组实施进展情况 根据公司与周文元、广东元元签署的《关于广东润星科技有限公司之股权转让协 议》，本次交易的股权转让价款总额为 7 亿元，由收购方以货币方式分三期支付给上 市公司，各期付款金额如下：第一期股权转让价款为 14,000.00 万元，系股权转让总 价款的 20 ...

证券代码：002685 证券简称：华东重机 公告编号：2024-072 无锡华东重型机械股份有限公司 关于公司股东协议转让公司股份完成过户登记 暨权益变动超过公司股份1%的公告 信息披露义务人徐州峰湖追光投资合伙企业（有限合伙）、重庆和谐志成企业 管理合伙企业（有限合伙）、北京昊青财富投资管理有限公司-昊青明裕6号私募证 券投资基金保证向本公司提供的信息内容真实、准确、完整，没有虚假记载、误导 性陈述或重大遗漏。 本公司及董事会全体成员保证公告内容与信息披露义务人提供的信息一致。 （二）本次权益变动前后受让方及其一致行动人的持股情况 | 股东名称 | | 本次权益变动前 | | 本次权益变动后 | | | --- | --- | --- | --- | --- | --- | | | 持股数量 （股） | | 持股比例 持股数量（股） | 持股比例 | | | 北京昊青财富投资管理 | | | | | | | 有限公司-昊青明裕 6 | 号 0 | | 0.00% 50,500,000 | | 5.01% | | 私募证券投资基金 | | | | | | 峰湖追光、和谐志成于2024年9月2日与北京昊青财富投 ...

证券代码：002685 证券简称：华东重机 公告编号：2024-071 无锡华东重型机械股份有限公司 关于收购厦门锐信图芯科技有限公司股权并增资 暨股票购买的进展公告 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、本次交易概述 无锡华东重型机械股份有限公司（以下简称"公司"）在深耕设备制造主业基础上， 围绕国家产业规划，深入挖掘和把握新质生产力领域的投资机会，分别于 2024 年 7 月 28 日、2024 年 9 月 18 日召开了第五届董事会第十三次会议及第五届董事会第十六次会 议，会议同意公司按照人民币 1.98 亿元的投前估值收购厦门锐信图芯科技有限公司（以 下简称"锐信图芯"）部分股权并增资，即公司以人民币 7,425 万元向许清河、南京锐锋 聚信企业管理合伙企业（有限合伙）（以下简称"锐锋聚信"）收购其持有的锐信图芯合 计 37.50%股权（对应注册资本 126.2626 万元），并以人民币 1,980 万元认购锐信图芯新 增的注册资本 33.67 万元（以下简称"本次交易"）。本次交易完成后，公司持有锐信图芯 43.18%股权，锐信图芯将纳 ...

针对公司股票异常波动，公司董事会进行了核查，并通过问询方式对控股股东及 实际控制人就相关事项进行了核实，现就有关情况说明如下： 1、公司未发现前期披露的信息存在需要更正、补充之处； 2、公司未发现近期公共传媒报道了可能或已经对公司股票交易价格产生较大影 响的未公开重大信息； 证券代码：002685 证券简称：华东重机 公告编号：2024-070 无锡华东重型机械股份有限公司 股票交易异常波动公告 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、 股票交易异常波动的情况介绍 无锡华东重型机械股份有限公司（以下简称"公司"）股票交易价格连续三个交易 日（2024 年 11 月 1 日、2024 年 11 月 4 日、2024 年 11 月 5 日）收盘价格跌幅偏离 值累计超过 20%，根据深圳证券交易所的有关规定，属于股票交易异常波动的情况。 二、公司关注并核实的相关情况 公司董事会确认，除公司正在实施的《重大资产出售暨关联交易报告书（草案）》 外，公司目前没有任何根据深圳证券交易所《股票上市规则》等有关规定应予以披露 而未披露的事项或与该事项有关的筹划、商谈 ...

证券代码：002685 证券简称：华东重机 公告编号：2024-069 无锡华东重型机械股份有限公司 股票交易异常波动公告 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、股票交易异常波动的情况介绍 无锡华东重型机械股份有限公司（以下简称"公司"）股票交易价格连续三个交易 日（2024 年 10 月 25 日、2024 年 10 月 28 日、2024 年 10 月 29 日）收盘价格涨幅偏 离值累计超过 20%，根据深圳证券交易所的有关规定，属于股票交易异常波动的情 况。 二、公司关注并核实的相关情况 针对公司股票异常波动，公司董事会进行了核查，并通过问询方式对控股股东及 实际控制人就相关事项进行了核实，现就有关情况说明如下： 1、公司未发现前期披露的信息存在需要更正、补充之处； 3、除公司已于 2023 年 12 月 6 日披露的《重大资产出售暨关联交易报告书（草 案）》，目前正在实施中并及时披露实施进展公告外，公司近期经营情况正常，内外 部经营环境未发生重大变化； 4、经查询，公司、控股股东和实际控制人不存在关于本公司的应披露而未披露 的重大事项，也 ...

Financial Performance - The company's operating revenue for Q3 2024 reached ¥373,858,473.48, representing a year-on-year increase of 182.46%[2] - Net profit attributable to shareholders for the same period was ¥6,666,937.43, up 118.65% compared to the previous year[2] - Basic earnings per share for Q3 2024 were ¥0.0066, reflecting a growth of 118.59% year-on-year[2] - The company's operating revenue for Q3 2024 reached ¥931,006,931.93, an increase of 80.39% compared to ¥516,104,612.81 in the same period last year, primarily due to the new photovoltaic cell business[6] - The net profit for the third quarter of 2024 was CNY 16,278,828.16, a significant recovery from a net loss of CNY 85,962,700.83 in the same period last year[16] - Operating profit for the quarter was CNY 9,723,495.31, compared to an operating loss of CNY 103,661,320.05 in the previous year[16] - The total profit for the quarter was CNY 9,606,486.10, recovering from a total loss of CNY 104,982,801.95 in the same period last year[16] Cash Flow - The net cash flow from operating activities for the year-to-date period was ¥181,852,903.52, showing a significant increase of 3,918.23%[2] - The net cash flow from operating activities was 181,852,903.52 CNY, a significant improvement from -4,762,749.33 CNY in the previous year[19] - The cash inflow from operating activities totaled CNY 1,222,766,689.90, significantly higher than CNY 498,582,880.66 in the same quarter last year[18] - The company's financial activities generated a net cash flow of ¥77,772,744.35, a recovery from -¥226,398,658.91, due to the release of bank guarantees[7] - The net cash flow from financing activities was 77,772,744.35 CNY, recovering from -226,398,658.91 CNY in the previous year[19] Assets and Liabilities - Total assets as of September 30, 2024, amounted to ¥3,573,003,188.41, an increase of 14.92% from the end of the previous year[2] - The total assets increased to RMB 3.573 billion, up from RMB 3.109 billion, reflecting a growth of approximately 14.9% year-over-year[14] - The total liabilities rose to RMB 2.142 billion, compared to RMB 1.695 billion, indicating an increase of about 26.4%[15] - The company’s non-current assets totaled RMB 833.68 million, down from RMB 869.32 million, indicating a decrease of about 4.1%[14] Operational Metrics - The company reported a significant increase in accounts receivable, which rose by 121.20% to ¥120,910,213.84 due to increased order completion[5] - Prepayments increased by 272.80% to ¥108,605,169.93, attributed to order execution and inventory preparation[5] - Contract liabilities grew by 135.98% to ¥522,441,261.24, driven by new order prepayments[5] - Operating costs rose to ¥866,898,405.16, reflecting a 98.41% increase from ¥436,915,118.64, in line with the growth in operating revenue[6] - Operating costs for the current period were RMB 1.036 billion, up from RMB 577 million, marking an increase of around 79.5%[15] Investment and Financing Activities - The company acquired a 43.18% stake in Xiamen Ruixin Tuchip Technology Co., Ltd. for a total investment of RMB 19.8 million, which includes RMB 7.425 million for 37.50% equity and RMB 1.980 million for new registered capital[10] - Cash inflow from investment activities was 425,008,452.48 CNY, down from 666,878,548.04 CNY year-over-year[19] - The net cash flow from investment activities was -182,713,312.74 CNY, contrasting with a positive 73,492,707.32 CNY in the previous year[19] - The company reported a financial expense of ¥8,733,829.02, a dramatic increase of 494.61% from -¥2,213,303.89, due to reduced interest income and increased fees[6] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 59,988, with the largest shareholder holding 8.50% of the shares[9] Research and Development - Research and development expenses decreased to CNY 28,200,531.68 from CNY 37,100,160.68, reflecting a strategic focus on cost management[16] Other Financial Metrics - The company recorded non-operating income totaling ¥7,584,237.55 for the current period[3] - The weighted average return on net assets was 0.46%, a decrease of 2.10% compared to the previous year[2] - The company experienced a credit impairment loss of ¥58,022,199.10, a reversal from a gain of -¥13,133,594.58, indicating improved collection performance[6] - The company reported a significant reduction in financial expenses, with interest expenses at CNY 6,864,764.90 compared to CNY 10,588,258.13 in the previous year[16] Audit Information - The company did not undergo an audit for the third quarter report[20]

华东重机上演"天地板"行情，股价从涨停到跌停，截至09:32，该股成交量6384.58万股，成交额4.82亿 元，振幅达19.97%，换手率6.34%。 （数据宝）注：本文系新闻报道，不构成投资建议，股市有风险，投资需谨慎。 智能盯盘股价异动、涨停、跌停、天地板、地天板、股价、涨跌 ...

证券代码：002685 证券简称：华东重机 公告编号：2024-066 无锡华东重型机械股份有限公司 关于重大资产重组暨关联交易事项实施进展公告 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。 特别提示： 2023 年 12 月 21 日，公司召开 2023 年第四次临时股东大会，审议通过了前述与 本次交易相关的议案。具体内容详见 2023 年 12 月 22 日披露于巨潮资讯网 （www.cninfo.com.cn）的《2023 年第四次临时股东大会决议公告》（公告编号：2023- 087）。 截至本公告披露日，本次交易已履行全部必要的决策和审批程序，符合《公司法》 《证券法》和《上市公司重大资产重组管理办法》等法律、法规及规范性文件的规定。 二、本次重组实施进展情况 根据公司与周文元、广东元元签署的《关于广东润星科技有限公司之股权转让协 议》，本次交易的股权转让价款总额为 7 亿元，由收购方以货币方式分三期支付给上 市公司，各期付款金额如下：第一期股权转让价款为 14,000.00 万元，系股权转让总 价款的 20.00%；第二期股权转让价款为 21,70 ...