Investment Rating - The report maintains a "Buy" rating for the company [3][12]. Core Views - In the first half of 2024, the company achieved total revenue of 6.332 billion yuan, a year-on-year increase of 12.93%, and a net profit attributable to shareholders of 193 million yuan, up 105.26% year-on-year [2]. - The company's revenue from the "smart manufacturing + integrated services" business reached 3.674 billion yuan, a year-on-year increase of 13.37%, with a net profit of 213 million yuan, up 44.64% year-on-year [2]. - The electric vehicle charging network business generated revenue of 2.658 billion yuan, with a year-on-year increase of 12.32%, while reducing losses compared to the previous year [2]. Revenue and Profit Forecast - The company is expected to achieve revenues of 18.473 billion yuan, 22.713 billion yuan, and 28.004 billion yuan for 2024, 2025, and 2026, respectively, with year-on-year growth rates of 26.5%, 23.0%, and 23.3% [3][4]. - The net profit attributable to shareholders is forecasted to be 712 million yuan, 893 million yuan, and 1.389 billion yuan for the same years, with year-on-year growth rates of 44.9%, 25.5%, and 55.5% [3][4]. Market Position - As of June 2024, the company operated 595,000 public charging terminals, maintaining the industry’s leading position, with a market share of 18.95% as of July 2024 [2][5]. - The company has successfully delivered products to over 50 countries globally, indicating strong international market penetration [2]. Financial Metrics - The company's earnings per share (EPS) are projected to be 0.67 yuan, 0.85 yuan, and 1.32 yuan for 2024, 2025, and 2026, respectively [4]. - The price-to-earnings (P/E) ratios are expected to be 25, 20, and 13 for the same years [3][4]. Business Segments Performance - The revenue from the new energy generation sector was 1.293 billion yuan, with a gross margin of 18.91%, while the grid sector revenue was 1.007 billion yuan, with a gross margin of 25.92% [2]. - The strategic emerging industries generated revenue of 1.373 billion yuan, with a gross margin of 21.06% [2]. Cash Flow and Assets - The operating cash flow for 2024 is projected to be 830 million yuan, with a net profit of 789 million yuan [8]. - The total assets are expected to grow from 23.877 billion yuan in 2023 to 36.017 billion yuan by 2026 [8]. Summary of Financial Ratios - The return on equity (ROE) is projected to increase from 7.3% in 2023 to 14.3% in 2026 [4][9]. - The debt-to-equity ratio is expected to remain stable around 67.8% to 69.3% over the forecast period [9].

Investment Rating - The report maintains a "Buy" rating for the company [1] Core Insights - The company achieved a revenue of 6.332 billion yuan in H1 2024, representing a year-on-year increase of 12.93%, and a net profit attributable to shareholders of 193 million yuan, up 105.26% year-on-year [4] - The company's "Smart Manufacturing + Integrated Services" business generated revenue of 3.674 billion yuan in H1 2024, a 13.37% increase year-on-year, with a net profit of 213 million yuan, up 44.64% year-on-year [4] - The electric vehicle charging network business reported revenue of 2.658 billion yuan in H1 2024, with a reduction in losses, operating 595,000 public charging terminals, the highest in the industry [4] Summary by Sections Financial Performance - In Q2 2024, the company recorded revenue of 3.763 billion yuan, a 3.67% increase year-on-year and a 46.49% increase quarter-on-quarter, with a net profit of 132 million yuan, up 78.29% year-on-year [4] - The company expects revenues of 18.75 billion yuan, 23.33 billion yuan, and 28.88 billion yuan for 2024, 2025, and 2026 respectively, with year-on-year growth rates of 28.41%, 24.42%, and 23.81% [5] Business Expansion - The company has successfully expanded its overseas market, winning large-scale projects in Zimbabwe and Indonesia, and its products are now present in over 50 countries [4] - The company is actively participating in the electric vehicle charging network and has developed a virtual power plant with a dispatchable capacity of over 4.7 million kW [4] Investment Recommendations - The report suggests that the company, as a leading national charging operator, has advantages in funding and technology, and anticipates a peak in the delivery of power equipment products in the second half of the year [5] - The estimated earnings per share (EPS) for 2024, 2025, and 2026 are projected to be 0.75 yuan, 1.11 yuan, and 1.31 yuan respectively, with corresponding price-to-earnings (P/E) ratios of 23x, 15x, and 13x [5]

非金融公司|公司点评|特锐德（300001） 2024 年半年报点评： 充电业务维持高增，电力设备业务稳步 增长 glzqdatemark1 证券研究报告 |报告要点 公司发布 2024 年半年度报告，2024 上半年公司实现营业收入 63.32 亿元，同比+12.93%，归 母净利约 1.93 亿元，同比+105.26%，扣非净利 1.60 亿元，同比增 173.71%，其中非经常性损 益达 0.33 亿元。 |分析师及联系人 贺朝晖 陈子锐 SAC：S0590521100002 特锐德(300001) 2024 年半年报点评： 充电业务维持高增，电力设备业务稳步增长 | --- | --- | |-------------------------|-------------------| | 行 业： | 电力设备/电网设备 | | 投资评级： | 买入（上调） | | 当前价格： | 18.05 元 | | 基本数据 | | | 总股本/流通股本(百万股) | 1,055.69/1,027.95 | | 流通 A 股市值(百万元) | 18,554.43 | | 每股净资产(元) | 6.28 | | ...

Investment Rating - The report maintains a "Buy" rating for the company, with a target price of 17.12 yuan [7] Core Views - The company's "Smart Manufacturing + System Integration" business is leading in the industry, with significant profit growth in the first half of 2024 [2] - The charging network business is improving, with a reduction in losses and a potential turnaround in profitability expected in the second half of 2024 [2] - The company has a strong position in the EV charging market, with 595,000 public charging terminals and leading industry metrics in charging volume and station count [2] - The company is expanding its microgrid and virtual power plant capabilities, with over 470,000 kW of dispatchable resources and participation in grid interaction services [2] Financial Performance - In Q2 2024, the company reported revenue of 3.763 billion yuan, a YoY increase of 3.67%, and a QoQ increase of 46.49% [2] - Net profit attributable to shareholders in Q2 2024 was 132 million yuan, a YoY increase of 78.29%, and a QoQ increase of 113.55% [2] - For H1 2024, the company achieved revenue of 6.332 billion yuan, a YoY increase of 12.93%, and net profit attributable to shareholders of 193 million yuan, a YoY increase of 105.26% [3] Business Segments - The "Smart Manufacturing + Integration Services" business generated revenue of 3.674 billion yuan in H1 2024, a YoY increase of 13.37%, with net profit attributable to shareholders of 213 million yuan, a YoY increase of 44.64% [2] - The EV charging network business achieved revenue of 2.658 billion yuan in H1 2024, a YoY increase of 12.32%, with a net loss of 20 million yuan, a YoY reduction of 33 million yuan [2] Future Projections - The report forecasts net profit attributable to shareholders for 2024-2026 at 681 million yuan, 1.002 billion yuan, and 1.329 billion yuan, respectively, with corresponding P/E ratios of 27x, 18x, and 14x [3] - Revenue is expected to grow from 18.061 billion yuan in 2024E to 26.850 billion yuan in 2026E, with a CAGR of 21.18% [4] Market Position - The company has a strong market position in the EV charging sector, with a cumulative charging volume exceeding 30 billion kWh and leading industry metrics in charging terminal count and charging station numbers [2] - The company has secured significant overseas orders, including projects in Zimbabwe and Indonesia, and has developed international products such as 33kV ring main units and medium-voltage eco-friendly gas cabinets [2]

公 司 研 究 特锐德（300001.SZ） 2024 年 08 月 28 日 投资评级：买入（维持） | --- | --- | |--------------------|-------------| | 日期 | 2024/8/27 | | 当前股价(元) | 17.12 | | 一年最高最低(元) | 22.84/15.10 | | 总市值(亿元) | 180.73 | | 流通市值(亿元) | 175.98 | | 总股本(亿股) | 10.56 | | 流通股本(亿股) | 10.28 | | 近 3 个月换手率(%) | 88.36 | 股价走势图 特锐德 沪深300 -20% -10% 0% 10% 20% 30% 2023-08 2023-12 2024-04 数据来源：聚源 相关研究报告 《2024H1 公司归母净利预计实现高 速增长 — 公 司 信 息 更 新 报 告 》 -2024.7.8 《2024Q1 净利大幅增长，有望延续发 展势头 — 公 司 信 息 更 新 报 告 》 -2024.4.28 《充电网业务扭亏为盈，有望持续向 好—公司信息更新报告》-2024.4.25 开 源 ...

青岛特锐德电气股份有限公司 2024 年半年度报告全文 青岛特锐德电气股份有限公司 2024 年半年度报告 2024-063 2024 年 08 月 1 青岛特锐德电气股份有限公司 2024 年半年度报告全文 第一节 重要提示、目录和释义 公司董事会、监事会及董事、监事、高级管理人员保证半年度报告内容 的真实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担 个别和连带的法律责任。 公司负责人于德翔、主管会计工作负责人杜波及会计机构负责人(会计主 管人员)杜波声明：保证本半年度报告中财务报告的真实、准确、完整。 所有董事均已出席了审议本次半年报的董事会会议。 公司在本报告"第三节管理层讨论与分析"之"十、公司面临的风险和 应对措施"部分详细阐述了公司未来发展可能存在的风险，敬请广大投资者 注意投资风险。 公司计划不派发现金红利，不送红股，不以公积金转增股本。 2 青岛特锐德电气股份有限公司 2024 年半年度报告全文 目录 | --- | --- | |---------------------------------|---------------------------------------- ...

经中国证券监督管理委员会（以下简称"中国证监会"）《关于同意青岛特锐德 电气股份有限公司向特定对象发行股票注册的批复》（证监许可〔2021〕594 号） 同意注册，公司通过向特定对象发行方式向特定投资者发行人民币普通股（A 股） 43,140,638 股，每股面值为人民币 1.00 元，发行价格为人民币 23.18 元/股，募集 资金总额为 999,999,988.84 元，扣除发行费用 9,237,735.85 元后，实际募集资金净 额为 990,762,252.99 元。上述募集资金到位情况已经和信会计师事务所（特殊普通 合伙）审验，且其已于 2021 年 4 月 9 日出具《验资报告》（和信验字（2021）第 000017 号）对此予以确认。 青岛特锐德电气股份有限公司 2024 年半年度募集资金存放与使用情况的专项报告 一、募集资金基本情况 1、募集资金到账情况 2、募集资金累计使用金额及余额 截至 2024 年 6 月 30 日，公司募集资金累计使用金额及期末余额如下： 注 1：公司本次向特定对象发行股票保荐、承销费用 8,200,000.00 元、其他发行费用 1,037,735.85 元。 报告 ...

青岛特锐德电气股份有限公司 第五届监事会第十七次会议决议公告 证券代码：300001 证券简称：特锐德 公告编号：2024-060 表决结果：3票赞成，0票反对，0票弃权，本议案获表决通过。 监事会检查了报告期内公司募集资金的使用与管理情况，认为公司严格按照《深圳 证券交易所创业板股票上市规则》《公司章程》《募集资金管理制度》等规定对募集资金 进行使用和管理，不存在违规使用募集资金的行为，符合有关规定的要求。 具体内容详见公司与本公告同日刊登在中国证监会指定的创业板信息披露网站的 《2024年半年度募集资金存放与使用情况的专项报告》。 特此公告。 青岛特锐德电气股份有限公司 监 事 会 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。 青岛特锐德电气股份有限公司（以下简称"公司"或"特锐德"）第五届监事会 第十七次会议于 2024 年 8 月 26 日在青岛市崂山区松岭路 336 号特锐德办公大楼会议室 以现场表决的方式召开，会议应到监事 3 人，实到监事 3 人，符合公司章程规定的法定 人数。本次会议通知于 2024 年 8 月 16 日以电子邮件形式发出，会 ...

证券代码：300001 证券简称：特锐德 公告编号：2024-059 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。 青岛特锐德电气股份有限公司（以下简称"公司"或"特锐德"）第五届董事会 第二十一次会议于2024年8月26日在青岛市崂山区松岭路336号特锐德办公大楼会议 室以通讯和现场表决相结合的方式召开，会议应到董事9人，实到董事9人，符合公 司章程规定的法定人数。本次会议通知于2024年8月16日以电子邮件形式发出，会议 的通知和召开符合《公司法》与《公司章程》的规定。本次会议由公司董事长于德 翔先生主持，与会董事经过认真审议，形成如下决议： 一、审议通过《2024年半年度报告及其摘要》 表决结果：9票赞成，0票反对，0票弃权，本议案获表决通过。 2024年半年度报告全文及其摘要的具体内容详见公司与本公告同日刊登在中国 证监会指定的创业板信息披露网站的公告。 本议案中的财务报告部分已经董事会审计委员会审议通过。 二、审议通过《关于2024年半年度募集资金存放与使用情况的专项报告的议案》 表决结果：9票赞成，0票反对，0票弃权，本议案获表决通过。 青岛特锐 ...

青岛特锐德电气股份有限公司 2024 半年度非经营性资金占用及其他关联资金往来情况汇总表 | | | 法定代表人： 主管会计工作的公司负责人： 会计机构负责人： 第2页 共 2 页 | 非经营性资 | 资金占用方名称 | 占用方与上 市公司的关 | 上市公司核算 | 2024年期初占 | 2024 年 1-6 用累计发生金额 | 月占 | 2024 年 1-6 占用资金的利 | 月 | 2024 年度 月偿还累计 | 1-6 | 2024 年 6 末占用资金 | 月 | 占用形成 | 占用性质 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 金占用 | | | 的会计科目 | 用资金余额 | | | | | | | | | 原因 | | | | | 联关系 | | | （不含利息） | | 息（如有） | | 发生金额 | | 余额 | | | | | 现大股东及 | | | | | | | | | | | | | | | | 其附属企业 | | | | | | | ...