法律意见书 浙江天册律师事务所 关于 宁波中大力德智能传动股份有限公司 2023 年度股东大会的 法律意见书 浙江省杭州市杭大路 1 号黄龙世纪广场 A 座 11 楼 310007 电话：0571-87901111 传真：0571-87901500 法律意见书 浙江天册律师事务所 关于宁波中大力德智能传动股份有限公司 2023 年度股东大会的 法律意见书 编号：TCYJS2024H0710 号 致：宁波中大力德智能传动股份有限公司 浙江天册律师事务所（以下简称"本所"）接受宁波中大力德智能传动股份 有限公司（以下简称"中大力德" 或"公司"）的委托，指派本所律师参加贵公 司 2023 年度股东大会，并根据《中华人民共和国证券法》以下简称（"证券法"）、 《中华人民共和国公司法》（以下简称"公司法"）和中国证券监督管理委员会 关于《上市公司股东大会规则（2022 年修订）》（以下简称"《股东大会规则》"） 等法律、法规和其他有关规范性文件的要求出具本法律意见书。 在本法律意见书中，本所律师仅对本次股东大会表决程序及表决结果的合法 有效性发表意见，不对会议所审议的议案内容和该等议案中所表述的事实或数据 的真实性和 ...

Financial Performance - The company's revenue for Q1 2024 was ¥222,776,494.29, representing a 1.79% increase compared to ¥218,864,440.12 in the same period last year[5] - Net profit attributable to shareholders increased by 8.65% to ¥16,378,928.05 from ¥15,075,160.48 year-on-year[5] - The basic earnings per share rose by 10.00% to ¥0.11, up from ¥0.10 in the same period last year[5] - Total operating revenue for Q1 2024 was CNY 222,776,494.29, an increase of 1.04% compared to CNY 218,864,440.12 in Q1 2023[17] - Net profit for Q1 2024 reached CNY 16,329,977.53, representing a 8.39% increase from CNY 15,064,865.38 in Q1 2023[18] - Earnings per share for Q1 2024 were CNY 0.11, compared to CNY 0.10 in Q1 2023, indicating a 10% increase[19] - The total comprehensive income for Q1 2024 was CNY 16,329,977.53, up from CNY 15,064,865.38 in Q1 2023, indicating overall positive performance[19] Cash Flow - The net cash flow from operating activities surged by 540.86% to ¥31,291,975.97, compared to a negative cash flow of -¥7,097,943.95 in the previous year[5] - Total cash inflow from operating activities was ¥284,973,972.26, while cash outflow was ¥253,681,996.29, resulting in a net cash inflow of ¥31,291,975.97[21] - The company reported cash outflow from investment activities of ¥59,005,756.81, leading to a net cash flow from investment activities of -¥58,963,506.81, reflecting increased capital expenditures[21] - Cash inflow from financing activities was ¥20,000,000.00, while cash outflow totaled ¥11,392,777.17, resulting in a net cash inflow of ¥8,607,222.83[22] - The ending balance of cash and cash equivalents was ¥111,140,395.92, down from ¥130,526,515.48 at the beginning of the period, indicating a decrease of ¥19,386,119.56[22] Assets and Liabilities - Total assets decreased by 0.61% to ¥1,611,335,264.02 from ¥1,621,249,851.61 at the end of the previous year[5] - The company's total liabilities decreased to CNY 482,070,301.48 from CNY 508,314,866.60, a reduction of approximately 5.15%[18] - The total equity attributable to shareholders increased to CNY 1,128,781,672.23 from CNY 1,112,402,744.18, reflecting a growth of 1.47%[18] - Accounts receivable increased by 46.62% to ¥176,356,567.27, primarily due to outstanding customer payments[8] - Other current assets saw a significant increase of 260.43% to ¥15,664,455.18, attributed to an increase in the subsidiary's value-added tax credits[8] - The company has a total of 946,326,948.22 RMB in non-current assets, which is an increase from 911,816,980.03 RMB[14] Expenses - Total operating costs for Q1 2024 were CNY 206,884,018.80, up from CNY 203,546,255.66 in Q1 2023, reflecting a rise of 1.15%[18] - Sales expenses grew by 34.10% to ¥9,320,672.01, mainly due to increased wages, benefits, and advertising expenses[8] - Research and development expenses for Q1 2024 were CNY 13,667,501.14, slightly up from CNY 13,419,714.87 in Q1 2023, indicating a focus on innovation[18] - The company reported a decrease in financial expenses, with interest expenses at CNY 968,280.98 compared to CNY 860,803.86 in the previous year, showing a rise of 12.5%[18] Shareholder Information - The total number of common stock shareholders at the end of the reporting period is 39,758[10] - The largest shareholder, Ningbo Zhongda Lide Investment Co., Ltd., holds 23.50% of the shares, totaling 35,522,400 shares[10] - The total number of preferred stock shareholders is zero, indicating no preferred shares issued[12] - The company has not reported any significant changes in the top 10 shareholders or their shareholding status[11] Other Information - The company has not yet audited the Q1 2024 report, which may affect the reliability of the financial data presented[23] - The company is implementing new accounting standards starting in 2024, which may impact future financial reporting and performance metrics[23]

Investment Rating - The report assigns an "Accumulate" rating for the company, indicating a positive outlook for the stock over the next six months [2][11]. Core Views - The company is focusing on the integration of electromechanical systems and is gradually achieving domestic substitution for precision reducer products. The revenue for 2023 reached 1.086 billion yuan, a year-on-year increase of 20.99%, while the net profit attributable to shareholders was 73 million yuan, up 10.22% year-on-year [2][3][11]. - The company's gross margin and net margin have slightly declined, attributed to changes in product structure and sales models. The gross margin for 2023 was 22.88%, down 1.22 percentage points year-on-year [3]. - The rapid development of the intelligent execution unit business has significantly contributed to revenue growth, with total revenue from this segment reaching 485 million yuan in 2023, a year-on-year increase of 57.89% [4]. Financial Summary - **Revenue Growth**: The company reported a revenue of 1,086 million yuan in 2023, with a year-on-year growth rate of 21.0%. Forecasts for 2024, 2025, and 2026 are 1,276 million yuan, 1,531 million yuan, and 1,715 million yuan respectively, with growth rates of 17.5%, 20.0%, and 12.0% [2][11]. - **Net Profit**: The net profit attributable to shareholders for 2023 was 73 million yuan, with projections of 124 million yuan, 130 million yuan, and 153 million yuan for the following years [2][11]. - **R&D Investment**: The company has increased its R&D investment to 70 million yuan in 2023, a 31.35% increase year-on-year, indicating a strong commitment to innovation [3][4]. - **Key Financial Ratios**: The report highlights a projected EPS of 0.82 yuan, 0.86 yuan, and 1.01 yuan for 2024, 2025, and 2026 respectively, with corresponding P/E ratios of 38.2, 36.3, and 30.9 [2][11]. Industry Context - The trend towards domestic substitution in the robotics sector is expected to drive continued growth in the precision reducer business, with the company positioned to benefit from this shift. The revenue from precision reducers in 2023 was 240 million yuan [4]. - The intelligent manufacturing sector is anticipated to see a significant increase in demand, aligning with national strategies aimed at enhancing domestic production capabilities [4][7].

受产品结构影响，公司盈利能力有所下滑。2016-2023 年中大力德毛利率和净利率有所 下滑，主要受产品结构影响。2023 年公司毛利率 22.88%，净利率 6.77%，期间费用率为 16.49%。未来随着 RV 和谐波减速器的批量化生产，公司毛利率和净利率有望提升。 数据来源：公司公告，西南证券整理 数据来源：公司公告，西南证券整理 附表：财务预测与估值 | --- | --- | --- | |----------|--------------------|---------------------------------------------------------------------| | | | | | 行业评级 | 跟随大市：未来 6 | 个月内，行业整体回报介于同期相关证券市场代表性指数 -5% 与 5% 之间 | | | 弱于大市：未来 6 | 个月内，行业整体回报低于同期相关证券市场代表性指数 -5% 以下 | | | | | 减速器：行星减速器用于工控自动化行业，其需求与国民经济的景气程度有较强的相关 性，未来随着 RV 减速器和谐波减速器的占比提升，毛利率有望提升，预计设 202 ...

一、董事辞职情况 宁波中大力德智能传动股份有限公司（以下简称"公司"）董事会于近日收 到公司董事宋小明先生递交的辞呈，宋小明先生因工作变动原因，申请辞去第三 届董事会董事职务，辞职后宋小明先生继续在公司担任其他职务。宋小明先生的 辞职并未导致公司董事会成员人数低于法定人数，不会影响公司董事会的正常运 作，根据《公司法》和《公司章程》的有关规定，宋小明先生的辞职申请自送达 董事会之日生效。 截至本公告日，宋小明先生间接持有公司股份 46,140 股，持股比例 0.03%。 辞去公司董事职务后，宋小明先生将继续履行相关承诺并遵守《证券法》和《公 司章程》等相关法律的规定，对所持公司股份进行管理。 宋小明先生在任职期间严谨务实、恪尽职守、勤勉尽责，公司及董事会对宋 小明先生为公司发展所做出的贡献表示衷心的感谢！ 特此公告。 宁波中大力德智能传动股份有限公司董事会 证券代码：002896 证券简称：中大力德 公告编号：2024-017 宁波中大力德智能传动股份有限公司 关于董事辞职的公告 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。 2024 年 4 月 19 日 ...

2024 年 4 月 16 日 事件： 4 月 16 号中大力德发布 2023 年年报。2023 年公司实现营业收入 10.86 亿元，同比增长 20.99%；实现归母净利润 0.73 亿元，同比增长 10.22%；实现 扣非后归母净利润 0.56 亿元，同比增长 12.17%。2023Q4，实现营业收入 2.64 亿元，同比增长 15.50%，环比 Q3 下降 6.43%；实现归母净利润 0.16 亿元，同 比下降 33.38%，环比 Q3 下降 34.21%；实现扣非后归母净利润 0.11 亿元，同 比下降 43.66%，环比 Q3 下降 48.77%，Q4 利润端有所承压。 机器人释放行业增量，减速器等工控部件进口替代加速。 | --- | --- | --- | --- | --- | --- | |-----------------------------------|---------|--------|--------|--------|--------| | 指标 2022 2023 2024E 2025E 2026E | | | | | | | 营业收入（百万元） | 898 | 1,086 ...

宁波中大力德智能传动股份有限公司 2023 年度审计报告 中国杭州市线江新城新业路8号UDC时代大厦A座5-8层、12层,23层 Floors 5-8, 12 and 23. Block A. UCC Times Building. No. 8 Xinye Road. Qlanjiang New City, Hangzhou Tel. 0571-88879999 Fax. 0571-BSB79000 www.zhcpa.cn 明该审计报告是否由具有执业许可的会计师事务所出具。 您可使用手机"扫一扫"或进入"注册 (http://acc.n 报告编码:浙244、 vi 目 女 | | 页 次 | | --- | --- | | 一、审计报告 | 1-7 | | 二、财务报表 | 8-19 | | (一) 合并资产负债表 | 8-9 | | (二) 合并利润表 | 10 | | (三) 合并现金流量表 | 11 | | (四) 合并所有者权益变动表 | 12-13 | | (五) 母公司资产负债表 | 14-15 | | (六) 母公司利润表 | 16 | | (七) 母公司现金流量表 | 17 | | (八) ...

目 录 | 一、非经营性资金占用及其他关联资金往来情况的专项 | 页 次 | | --- | --- | | 审核说明 | 1-3 | 中国杭州市钱江新城新业路8号UDC时代大厦A座5-8层、12层、23层 Floors 5–8, 12 and 23, Block A, UDC Times Building, No. 8 Xinye Road, Qianjiang New City, Hangzhou Tel. 0571-88879999 Fax. 0571-88879000 www.zhcpa.cn 二、非经营性资金占用及其他关联资金往来情况汇总表 4-5 关于宁波中大力德智能传动股份有限公司 非经营性资金占用及其他关联资金往来情况的专项审核说明 中国杭州市钱江新城新业路8号UDC时代大厦A座5-8层、12层、23层 Floors 5–8, 1 2 and 23, Block A, UDC Times Building, No. 8 Xinye Road, Qianjiang New City, Hangzhou Tel. 0571-88879999 Fax. 0571-88879000 www.zhcpa ...

证券代码：002896 证券简称：中大力德 公告编号：2024-004 宁波中大力德智能传动股份有限公司 第三届董事会第十四次会议决议公告 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、董事会会议召开情况 宁波中大力德智能传动股份有限公司（以下简称"公司"）第三届董事会第 十四次会议通知已于 2024 年 3 月 29 日以通讯方式向各位董事发出，本次会议于 2024 年 4 月 13 日在公司会议室以现场方式召开。会议由董事长岑国建先生主持， 会议应出席董事 8 名，实际出席董事 8 名，公司监事和高级管理人员列席本次会 议。本次会议的召集、召开符合《公司法》等有关法律、法规及《公司章程》的 规定。 二、董事会会议审议情况 （一）审议通过《关于 2023 年度总经理工作报告的议案》 表决结果：有效表决票 8 票，同意票 8 票，反对票 0 票，弃权票 0 票。 与会董事认真听取了公司总经理岑国建先生所作的《2023 年度总经理工作 报告》，认为该报告客观、真实地反映了 2023 年度公司落实董事会及股东大会 决议、管理生产经营、执行公司各项制度等方面所 ...

证券代码：002896 证券简称：中大力德 公告编号：2024-007 宁波中大力德智能传动股份有限公司 关于 2023 年度利润分配预案的公告 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。 宁波中大力德智能传动股份有限公司（以下简称"公司"）于 2024 年 4 月 13 日召开了第三届董事会第十四次会议、第三届监事会第十三次会议，审议通过了 《关于 2023 年度利润分配预案的议案》，现将该分配预案的基本情况公告如下： 一、2023 年度利润分配预案情况 1、公司 2023 年年度可分配利润情况 根据中汇会计师事务所（特殊普通合伙）审计，2023 年度母公司实现净利 润 67,649,813.66 元，提取法定盈余公积金 6,764,981.37 元，加上年初未分配利润 310,206,772.89 元，上年分配现金股利 10,581,989.95 元，实际可供股东分配的利 润为 360,509,615.23 元。 2、2023 年度利润分配方案的基本情况 结合公司的盈利状况、当前所处行业的特点以及未来的现金流状况、资金需 求等因素，在符合利润分配原则、 ...