| 证券代码：002833 | 证券简称：弘亚数控 | 公告编号：2025-005 | | --- | --- | --- | | 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 关于董事、高级管理人员减持计划实施完毕的公告 董事、副总经理刘风华先生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。 上述股东减持股份来源于首次公开发行前的公司股份（股份来源含前述股份 因资本公积金转增股本增加的股份），减持价格区间为18.30元/股至19.37元/股。 2.股东本次减持前后持股情况 | | | | | | 股数（股） | 占总股本 | 股数（股） | 占总股本 | | --- | --- | --- | --- | --- | --- | | | | | 比例 | | 比例 | | 刘风华 | 合计持有股份 | 5,460,000 | 1.29% | 4,600,000 | 1.08% | | | 其中：无限售条件股份 | 1,365,000 | 0.32% | 505,000 | 0.12% | | | 有限售条件股份 | 4,095,00 ...

关于变更持续督导保荐代表人的公告 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。 | 证券代码：002833 | 证券简称：弘亚数控 | 公告编号：2025-004 | | --- | --- | --- | | 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 特此公告。 广州弘亚数控机械股份有限公司董事会 2025 年 3 月 12 日 附：刘科晶先生个人简历 刘科晶，男，浙江大学理学硕士，保荐代表人、通过注册会计师专业阶段、 具有法律职业资格，现任中信证券投资银行管理委员会副总裁。曾负责或参与的 项目主要有：高浪控股、宏泰科技、灿瑞科技、吉姆西 IPO 项目；弘亚数控、通 光线缆、宏昌电子非公开发行项目；派克新材可转债项目等，具备丰富的投行业 务经验，在保荐业务执业过程中严格遵守《证券发行上市保荐业务管理办法》等 相关规定，执业记录良好。 广州弘亚数控机械股份有限公司（以下简称"公司"）于近日收到中信证券 股份有限公司（以下简称"中信证券"）出具的《关于更换持续督导保荐代表人 的函》，具体情况如下： 公司 2021 年 ...

董事兼副总经理刘风华先生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。 特别提示： 持有广州弘亚数控机械股份有限公司（以下简称"公司"）股份 5,460,000 股 （占本公司总股本比例 1.29%）的公司董事兼副总经理刘风华先生自本减持计划 公告披露之日起 15 个交易日后的 3 个月内通过集中竞价交易方式（根据相关法 律法规规定禁止减持的期间除外）减持本公司股份不超过 860,000 股（占本公司 总股本比例 0.20%）。 公司于近日收到董事、副总经理刘风华先生出具的《关于股份减持计划的告 知函》，具体情况如下： 一、减持主体的基本情况 证券代码：002833 证券简称：弘亚数控 公告编号：2025-003 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 关于董事、高级管理人员减持公司股份的预披露公告 截至本公告披露日，股东具体持股情况如下： | 股东名称 | 持股数量（股） | 占公司总股本比例 | | --- | --- | --- | | 刘风华 | 5,460,000 ...

截至本公告披露日，公司持有亚联机械首次公开发行前股份 1,800,000 股， 约占其首次公开发行前总股本的 2.75%，约占其首次公开发行后总股本的 2.06%， 该部分股份自亚联机械公开上市之日起十二个月内不得转让。 根据《企业会计准则》等相关规定，本公司将所持亚联机械的股权划分为"以 公允价值计量且其变动计入当期损益的金融资产"，并列报在"其他非流动金融 资产"中。亚联机械上市后，公司对其会计核算方法不会发生变化，对本公司财 务状况的实际影响最终以审计报告为准。敬请广大投资者注意投资风险。 特此公告。 | 证券代码：002833 | 证券简称：弘亚数控 | 公告编号：2025-002 | | --- | --- | --- | | 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 关于参股公司亚联机械股份有限公司在深圳证券交易所主板 挂牌上市的公告 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。 广州弘亚数控机械股份有限公司（以下简称"公司"）参股的亚联机械股份 有限公司（下称"亚联机械"）人民币普通股股票已于 202 ...

Group 1 - Guangdong Deya Intelligent Equipment Co., Ltd. has been established with a registered capital of 100 million yuan, focusing on manufacturing wood and bamboo processing machinery, metal structures, industrial automation control systems, and sales of machinery and electronic products [1] - The legal representative of the company is Xie Congli [1] - The company is indirectly wholly owned by Hongya CNC (002833) [2]

| 证券代码：002833 | 证券简称：弘亚数控 | 公告编号：2025-001 | | --- | --- | --- | | 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 年第四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： | 转股时间：2022 | | 月 | | | 年 | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | | | | | 年 | | | | | | | | | | | 月 | | | | | | | | | | 日至 | | | | | | | | | | | | | 7 | | | | | | | 2026 | | | | | | | | | | | | | | 日 | | 11 | | 股票代码：002833 | | | | | | | 股票简称：弘亚数控 | | | | 债券代码：127041 | | | | | | | 债券简 ...

一、概述 广州弘亚数控机械股份有限公司 关于对全资子公司增资的进展公告 | | | 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。 注册资本：90,000 万元 法人代表：吴海洋 住 所：广东省佛山市顺德区龙江镇九龙工业园弘顺路 1 号（住所申报） 广州弘亚数控机械股份有限公司（以下简称"公司"）于 2024 年 9 月 11 日 召开第五届董事会第四次会议，审议通过了《关于对全资子公司增资的议案》， 同意公司以自有资金向全资子公司广东德弘重工有限公司（以下简称"德弘重工"） 增资 10,000 万元。具体详见公司于 2024 年 9 月 12 日刊载在《上海证券报》《证 券时报》《证券日报》《中国证券报》和巨潮资讯网（www.cninfo.com.cn）上的《关 于对全资子公司增资的公告》（公告编号：2024-059）。 经营范围：一般项目：木竹材加工机械制造；金属结构制造；工业自动控制 系统装置制造；机械设备销售；电子产品销售；软件开发；软件销售；非居住房 地产租赁；住房租赁。（除依法须经批准的项目外，凭营业执照依法自主开展经 营活动）许可项目：货物进出口 ...

Investment Rating - The report gives a "Buy" rating to Hongya CNC (002833 SZ) with a target price of RMB 21 70 [2][3] Core Views - Hongya CNC is a leading domestic furniture machinery company with cross-cycle growth capabilities The company's products include edge banding machines CNC drills CNC panel saws and machining centers benefiting from product diversification and overseas expansion the company achieved a revenue CAGR of 25 7% from 2012 to 2023 [1] - The company's domestic market share continues to grow due to its competitive pricing and performance comparable to European brands with domestic revenue CAGR of 26 6% from 2015 to 2023 [2] - Overseas revenue has grown significantly with a CAGR of 31 7% from 2015 to 2023 and the company is expected to continue gaining market share in international markets [2] - Product upgrades and an expanding dealer network are key drivers of the company's competitive advantage [2] Financial Performance - In 2023 the company achieved record high revenue and net profit of RMB 2 68 billion and RMB 590 million respectively with a dividend yield of 6 8% [1][2] - The company's ROE has remained above 20% for the past five years except for 2022 and its net profit margin has consistently stayed above 20% [16][18] - The company's free cash flow was RMB 390 million in 2023 and RMB 90 million in the first three quarters of 2024 indicating healthy cash flow conditions [21] Domestic Market - The company's domestic revenue reached RMB 1 87 billion in 2023 significantly outperforming European competitors such as Homag China and Biesse Asia-Pacific [2] - The domestic furniture machinery market is entering an equipment renewal cycle with leading furniture manufacturers' fixed assets increasing by 16 7% YoY in H1 2024 [2] - The company's products are priced at 1/2 to 1/3 of European brands making them highly competitive in the domestic market [2] Overseas Market - Overseas revenue grew from RMB 90 million in 2015 to RMB 810 million in 2023 with a CAGR of 31 7% [2] - The company's overseas revenue in 2023 was RMB 810 million compared to Homag Group's RMB 10 42 billion and Biesse's RMB 5 31 billion indicating significant growth potential [2] - The company's overseas gross margin was 36 4% in 2023 and 36 6% in H1 2024 higher than its domestic gross margin [2] Product and Channel Strategy - The company has continuously upgraded its products through acquisitions and R&D with edge banding machine and CNC drill revenue CAGR of 19 8% and 31 4% respectively from 2012 to 2023 [2] - In H1 2024 the company launched its high-end brand "Kaiao" which has been well-received in the high-end market [2] - The company's global dealer network expanded from 90 in 2015 to over 120 in H1 2024 enhancing its market reach and brand influence [2] Profit Forecast and Valuation - The company's revenue is expected to be RMB 2 85 billion RMB 3 25 billion and RMB 3 75 billion in 2024 2025 and 2026 respectively with net profit of RMB 581 million RMB 658 million and RMB 777 million [2] - The company's PE ratio is projected to be 13x 11x and 9x for 2024 2025 and 2026 respectively [2] - The target price of RMB 21 70 is based on a 14x PE multiple for 2025 [2]

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]

Financial Performance - In the first three quarters of 2024, the company achieved a revenue of 2.166 billion CNY, representing a year-on-year growth of 5.78% [1] - The net profit attributable to shareholders was 455 million CNY, with a net profit of 445 million CNY [1] - In Q3 alone, the revenue was 154 million CNY, with a non-recurring net profit of 143 million CNY [1] Profitability Metrics - Gross margins for the first three quarters were 30.84%, 32.51%, and 34.47%, with a year-on-year increase of 0.83% and a quarter-on-quarter increase of 1.95% in Q3 [1] - The net profit margin remained above 20% for the first three quarters, despite a slight decrease in gross margin due to Q1 performance [1] Expense Management - The total expense ratio for the first three quarters was 9.67%, with quarterly breakdowns of 8.09%, 9.61%, and 11.34% [1] - Management expenses increased due to depreciation and amortization from new facilities, while sales expenses rose due to increased participation in exhibitions and promotional activities [1] Market and Product Development - The company reported a positive performance in export business, contributing to overall revenue growth despite a lack of significant improvement in domestic demand [2] - The gross margin improvement in Q3 was primarily driven by the growth in export business, which has a more favorable product mix compared to domestic sales [2] - New product developments, such as the magnetic levitation high-speed edge banding machine, have received positive market feedback and are expected to enhance sales in both domestic and international markets [2] Strategic Outlook - The company plans to increase the number of local distributors in overseas markets to enhance service capabilities and market reach [3] - There are currently no plans for mergers or acquisitions, with a focus on maximizing shareholder returns through a reasonable dividend policy for 2024 [3]