Investment Rating - The report maintains a "Buy" rating for the company [1] Core Views - The company has experienced revenue growth, but profit margins are under pressure due to market conditions [1] - The domestic furniture industry is currently facing demand challenges, but government policies are expected to support equipment upgrades and stimulate demand recovery [1] - The company is positioned to benefit from these trends as a major supplier of production equipment for furniture manufacturers [1] Summary by Sections Financial Performance - For the first three quarters of 2024, the company achieved revenue of 2.166 billion yuan, a year-on-year decrease of 4.83%, with a net profit of 455 million yuan, down 9.93% year-on-year [1] - In Q3 2024, revenue was 674 million yuan, a decrease of 5.83% year-on-year, and net profit was 154 million yuan, down 9.93% year-on-year [1] - The company’s cash flow from operating activities for Q1-Q3 2024 was 445 million yuan, indicating good cash flow management [2] Growth Strategy - The company is implementing a dual-driven strategy focusing on high-end product development and horizontal expansion through industry acquisitions [1] - New subsidiaries, Kai'ao Intelligent and Xing Shi Intelligent, have been established to enhance market competitiveness and explore automation in furniture machinery [1] Profit Forecast - The revenue forecast for 2024-2026 is adjusted to 3.088 billion, 3.585 billion, and 4.185 billion yuan respectively, with EPS projected at 1.58, 1.85, and 2.17 yuan [3] - The current stock price corresponds to a PE ratio of 10.6, 9.1, and 7.8 for the respective years [3] Key Financial Metrics - The company’s revenue growth rate is projected at 15.1% for 2024, 16.1% for 2025, and 16.7% for 2026 [5] - The net profit growth rate is expected to be 13.9% in 2024, 16.5% in 2025, and 17.8% in 2026 [5] - The company maintains a reasonable expense ratio despite an increase in management and R&D costs [2]

证券简称：弘亚数控 证券代码：002833 转债简称：弘亚转债 转债代码：127041 广州弘亚数控机械股份有限公司 投资者关系活动记录表 | --- | --- | --- | |-------------------------|-------------------------------------------------------------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------| | 投资者关系活 \n动类别 | 特定对象调研 \n 媒体采访 \n 新闻发布会 \n 现场参观 | 编号： 20241031 \n 分析师会议 \n 业绩说明会 \n 路演活动 \n 其他 电话会议 | | 参与单位名称 及人员姓名 | 详见附件 | | | 时间 | 2024 年 10 月 31 日 | 10 ...

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、董事会会议召开情况 广州弘亚数控机械股份有限公司 第五届董事会第五次会议决议公告 1、广州弘亚数控机械股份有限公司（以下简称"公司"）第五届董事会第 五次会议通知于 2024 年 10 月 26 日以专人送达、电子邮件、电话等形式向各位 董事发出。 2、会议于 2024 年 10 月 30 日在公司会议室以现场与通讯表决相结合的方式 召开。 3、董事会会议应出席的董事 8 名，实际出席会议的董事 8 名。 | 证券代码：002833 | 证券简称：弘亚数控 | 公告编号：2024-063 | | --- | --- | --- | | 转债代码：127041 | 转债简称：弘亚转债 | | 1、《第五届董事会第五次会议决议》； 1、会议以 8 票同意，0 票反对，0 票弃权的表决结果审议通过了《关于〈2024 年第三季度报告〉的议案》 董事会认为，公司《2024 年第三季度报告》符合法律、行政法规和深圳证券 交易所的相关规定，内容真实、准确、完整，不存在任何虚假记载、误导性陈述 或重大遗漏。 该议案提交董事会 ...

Financial Performance - Revenue for the third quarter was 673.93 million yuan, a decrease of 5.83% year-over-year[2] - Net profit attributable to shareholders was 153.99 million yuan, down 9.93% compared to the same period last year[2] - Operating income rose to 2,165,508,080.11 RMB from 2,047,213,431.67 RMB, indicating revenue growth[15] - Net profit attributable to parent company shareholders was RMB 455.39 million, compared to RMB 478.52 million in the same period last year[16] - Sales revenue from goods and services was RMB 2.35 billion, up from RMB 2.19 billion in the prior year[17] - Basic earnings per share were RMB 1.07, down from RMB 1.13 in the same period last year[16] - Total comprehensive income was RMB 459.07 million, compared to RMB 480.78 million in the previous year[16] Asset and Liability Changes - Total assets increased by 4.64% to 4.17 billion yuan compared to the end of the previous year[2] - Total assets increased to 4,168,269,963.82 RMB from 3,983,473,859.66 RMB, reflecting growth in the company's asset base[13][14] - Total current assets increased to 1,821,075,383.63 RMB from 1,743,584,669.76 RMB at the beginning of the period[12] - Fixed assets grew by 69.79% to 1.36 billion yuan as construction projects were transferred to fixed assets[7] - Fixed assets saw a significant increase to 1,362,724,247.80 RMB from 802,595,987.90 RMB, indicating substantial capital expenditure[13] - Total liabilities decreased to 1,139,009,721.50 RMB from 1,168,640,148.07 RMB, showing a reduction in overall debt[14] - Owner's equity increased to 3,029,260,242.32 RMB from 2,814,833,711.59 RMB, reflecting improved financial health[14] Cash Flow and Investments - Investment activities resulted in a net cash outflow of 1.03 billion yuan, a 675.16% increase, mainly due to increased deposits in fixed-term accounts[7] - Operating cash flow was RMB 444.68 million, a decrease from RMB 608.92 million in the previous year[18] - Investment cash outflow increased significantly to RMB 1.27 billion, compared to RMB 503.25 million in the previous year[18] - Cash and cash equivalents at the end of the period decreased to RMB 200.14 million from RMB 1.53 billion at the beginning of the period[19] - Tax refunds received increased to RMB 91.59 million from RMB 40.29 million in the prior year[18] - Cash paid for employee compensation was RMB 295.01 million, up from RMB 240.18 million in the previous year[18] - Cash outflow for dividends and interest payments was RMB 273.42 million, compared to RMB 181.92 million in the same period last year[18] R&D and Innovation - R&D expenses increased by 38.93% to 90 million yuan due to increased investment in new product development[7] - R&D expenses increased to 90,000,566.57 RMB from 64,778,982.53 RMB, showing a commitment to innovation[15] Inventory and Production - Inventory increased by 56.92% to 474.42 million yuan due to increased production capacity from new factory operations[7] - Inventory rose to 474,421,817.81 RMB from 302,339,449.15 RMB[12] Shareholder Information - The company's total number of ordinary shareholders at the end of the reporting period was 19,714[8] - Li Maohong, the largest shareholder, holds 38.98% of the company's shares[8] - The basic pension fund 16032 portfolio holds 3.39% of the company's shares[8] - Li Maohong holds 41,339,062 shares of RMB ordinary shares, making him the largest shareholder[9] Financial Assets and Receivables - Monetary funds decreased to 1,008,092,231.57 RMB from 1,171,908,724.87 RMB[12] - Trading financial assets increased significantly to 129,763,963.46 RMB from 26,216,347.16 RMB[12] - Accounts receivable decreased to 45,394,102.28 RMB from 49,101,483.63 RMB[12] - Prepayments increased to 11,425,331.71 RMB from 4,785,269.35 RMB[12] - Other receivables increased to 12,536,033.70 RMB from 10,953,576.70 RMB[12] - Long-term equity investments decreased slightly to 54,875,727.15 RMB from 56,362,595.66 RMB[13] Dividends and Convertible Bonds - The company implemented a cash dividend of 3 RMB per 10 shares for the first half of 2024[10] - The conversion price of "Hongya Convertible Bonds" was adjusted downward to 18.00 RMB per share, effective from September 12, 2024[11] Operating Costs and Expenses - Operating costs increased to 1,688,811,842.15 RMB from 1,539,340,332.82 RMB, reflecting higher expenses[15] - Financial expenses showed a net benefit of -4,753,718.63 RMB, compared to -2,644,037.79 RMB, indicating improved financial management[15] - Other income increased to 37,554,082.09 RMB from 36,987,083.87 RMB, contributing to overall profitability[15]

| 证券代码：002833 | 证券简称：弘亚数控 | 公告编号：2024-064 | | --- | --- | --- | | 转债代码：127041 | 转债简称：弘亚转债 | | 广州弘亚数控机械股份有限公司 第五届监事会第三次会议决议公告 本公司及监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、监事会会议召开情况 1、广州弘亚数控机械股份有限公司（以下简称"公司"）第五届监事会第 三次会议通知于 2024 年 10 月 26 日以专人送达形式向各位监事发出。 2、会议于 2024 年 10 月 30 日在公司会议室以现场表决的方式召开。 经审核，监事会认为：董事会编制和审核公司《2024 年第三季度报告》的程 序符合法律、行政法规和深圳证券交易所的规定，报告内容真实、准确、完整地 反映了公司的实际情况，不存在任何虚假记载、误导性陈述或者重大遗漏。 公司《 2024 年第三季度报告》同日登载于巨潮资讯网 （http://www.cninfo.com.cn）。 三、备查文件 《第五届监事会第三次会议决议》。 特此公告。 3、本次监事会会议应出席的监事 3 名 ...

| 证券代码：002833 | 证券简称：弘亚数控 | 公告编号：2024-061 | | --- | --- | --- | | 转债代码：127041 | 转债简称：弘亚转债 | | 广州弘亚数控机械股份有限公司 2024 年半年度权益分派实施公告 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。 广州弘亚数控机械股份有限公司（以下简称"公司"）于 2024 年 6 月 11 日 召开 2023 年年度股东大会审议通过了《关于提请股东大会授权董事会进行 2024 年中期分红方案的议案》，在满足相应期间归属于上市公司股东的扣除非经常性 损益的净利润为正的现金分红条件下，由董事会在分红上限不超过相应期间归属 于上市公司股东的净利润前提下，制定 2024 年中期现金分红方案。2024 年 8 月 29 日，公司召开第五届董事会第三次会议和第五届监事会第二次会议，审议通 过了《关于 2024 年半年度利润分配方案的议案》，现将权益分派事宜公告如下： 一、权益分派方案情况 1、本次权益分派方案的具体内容为：公司以实施 2024 半年度权益分派方案 时股权登记日的总股本 ...

| 证券代码：002833 | 证券简称：弘亚数控 | 公告编号：2024-062 | | --- | --- | --- | | 转债代码：127041 | 转债简称：弘亚转债 | | 广州弘亚数控机械股份有限公司 关于可转换公司债券转股价格调整的公告 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、误导性陈述或重大遗漏。 特别提示： 1、调整前转股价格：18.00 元/股 2、调整后转股价格：17.70 元/股 3、本次转股价格调整生效日期：2024 年 10 月 18 日 派送现金股利：P1=P0-D； 上述三项同时进行：P1＝（P0-D+A×k）/（1+n+k）。 其中：P0 为调整前转股价，n 为派送股票股利或转增股本率，k 为增发新股 或配股率，A 为增发新股价或配股价，D 为每股派送现金股利，P1 为调整后转股 价。 当公司出现上述股份和/或股东权益变化情况时，将依次进行转股价格调整， 并在中国证监会指定的上市公司信息披露媒体上刊登转股价格调整的公告，并于 公告中载明转股价格调整日、调整办法及暂停转股时期（如需）。当转股价格调 整日为本次发行的可转换公司债券持有人转股申 ...

| | | 广州弘亚数控机械股份有限公司 2024 年第三季度可转换公司债券转股情况公告 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： | 股票代码：002833 | | | | | | | 股票简称：弘亚数控 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 债券代码：127041 | | | | | | | 债券简称：弘亚转债 | | | 转股价格：人民币 | 18.00 | | 元/股 | | | | | | | 转股时间：2022 年 | 1 | 月 | 17 | 日至 2026 | 年 7 | 月 | 11 | 日 | 根据《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 15 号——可转换公司债券》的相关规定，广州弘亚数控机械股份有限公 司（以下简称"公司"）现将 2024 年第三季度可转换公司债券（以下简称"可 转债"）转股情况及公司股份变动情况公告如下： 一、可转债发行上市情况及转股价格调整情况 经中国证券监督管理委员会"证监许可〔20 ...

地方地区或者国家作为我们发力的一个重点地区呢就是从我们的这个规划上来看因为我们海外市场我们再重新梳理一下我们海外市场就经销商所覆盖的区域和国家还是相对偏窄一点点就不太广所以你说重点发力哪个国家我们现在还不是这样的一个考虑先把考虑不前了 就没有的国家就尽量找有的国家我们尽量把它也培育优化一下先把很多没有的国家和地区的一个经销商给找钱了或者培养出钱了这个才是我们目前的一个首要战略来的清楚吗?孟老师 我们在海外的销售的主打产品和国内会有什么不一样?就是如果从产品系列上来划分的话,海外和国内能源是怎么样一个产品体系?它会产品的需求会有点不太一样它主要是这样的,因为我们产品就中高低端贵一点的好像我们封面设备有100多万的便宜一点的有八九万的十来万的 对吧但是他不同的国家地区的不同的不同的客户他的需求都会有比较大的一个差异化你像印度他可能偏向于买采购的设备会价格偏便宜点的就就功能性能相对简单要加单价便宜了你在欧洲像俄罗斯像东欧像巴斯甚至有些可能可能他好一点的一些一些地区的话 他可说可能所需求的产品的会价格就会高一点点那目前从如果是单单区分国内国内订单和出口订单然后我们出口订单的一个毛利力贡献度会更强一点点被接近40%的一 ...

证券简称：弘亚数控 证券代码：002833 转债简称：弘亚转债 转债代码：127041 广州弘亚数控机械股份有限公司 投资者关系活动记录表 | --- | --- | --- | |------------------------------|----------------------------------------------------------------------------------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------| | | | | | | | 编号： 20240912 | | 投资者关系活 动类别 | 特定对象调研 媒体 ...