深圳市汇川技术股份有限公司 关于独立董事公开征集表决权的公告 独立董事黄培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。 证券代码：300124 证券简称：汇川技术 公告编号：2024-077 特别声明： 1. 本次征集表决权为依法公开征集，征集人黄培先生符合《中华人民共和国证券 法》第九十条、《上市公司股东大会规则》第三十一条、《公开征集上市公司股东权利管 理暂行规定》第三条规定的征集条件； 2. 截至本公告披露之日，征集人未持有公司股票。 根据中国证券监督管理委员会（以下简称"中国证监会"）颁布的《上市公司股权 激励管理办法》（以下简称"《管理办法》"）的有关规定，并根据公司其他独立董事的委 托，独立董事黄培先生作为征集人就公司于 2024 年 9 月 23 日召开的 2024 年第一次临 时股东大会审议的股权激励有关议案向公司全体股东征集表决权。 一、征集人的基本情况 （一）本次征集表决权的征集人为公司现任独立董事黄培先生，其基本情况如下： 1971 年出生，中国国籍，无境外永久居留权，华中科技 ...

and Tam 华福证券 汇川技术（300124.SZ） 通用自动化结构性增长，新能源车业务超预期 投资要点： 事件：公司24H1实现营收161.83亿元（同比+29.98%），归母净利润21.18 亿元（同比+1.98%），扣非归母净利润20.68亿元（同比+10.77%）。单季 度来看，公司24Q2实现营收96.91亿元（同比+26.36%），归母净利润13.07 亿元（同比-1.72%），扣非归母净利润12.77亿元（同比+2.77%）。 毛利率结构性下滑，非经波动影响较大。2024上半年毛利率31.77%（同 比-4.5pct），主要受新能源车收入占比提升影响，通用自动化业务毛利率 同比下滑2.14pct至44.31%。2024上半年净利率13.27%，其中Q2净利率 13.67%，归母净利润主要受到非经常性损益波动影响，股权投资等公允价 值变动损失0.42亿元，去年同期收益1.43亿元。 新能源车支撑穿越周期。①通用自动化：下游需求分化明显，公司抓 住传统行业需求复苏的结构性机会，收入实现同比10%的稳健增长。光伏锂 电行业需求持续下滑，预计下半年随基数下降而跌幅收窄。其中，Q2通用 变频器/通用伺 ...

Investment Rating - The report assigns a "Buy" rating to the company, marking the first coverage with a target price based on the current market conditions [7][9]. Core Insights - The company reported a revenue of 16.18 billion yuan for the first half of 2024, reflecting a year-on-year increase of 30.0%, with a net profit of 2.12 billion yuan, up 2.0% year-on-year [2]. - The growth in revenue is primarily driven by the significant increase in the electric vehicle sector, which saw revenues exceeding 6 billion yuan, a growth of over 100% year-on-year [3]. - The general automation business also performed well, generating 7.52 billion yuan in revenue, a 10% increase year-on-year [3]. - The report highlights a slight decline in profitability, with a gross margin of 31.8%, down 4.5 percentage points year-on-year, attributed to lower downstream demand and a higher proportion of electric vehicle business [4]. Summary by Sections Financial Performance - In Q2 2024, the company achieved a revenue of 9.69 billion yuan, a year-on-year increase of 26.4% and a quarter-on-quarter increase of 49.3% [2]. - The net profit for Q2 was 1.31 billion yuan, showing a year-on-year decrease of 1.7% but a quarter-on-quarter increase of 61.1% [2]. Business Segments - Electric vehicle business revenue reached approximately 6 billion yuan, with a year-on-year growth exceeding 100% [3]. - General automation revenue was 7.52 billion yuan, reflecting a 10% year-on-year increase [3]. - Smart elevator revenue was 2.33 billion yuan, down 2% year-on-year, while rail transit revenue was 220 million yuan, up 8% year-on-year [3]. Profitability and Cost Management - The company’s gross margin for the first half of 2024 was 31.8%, down 4.5 percentage points year-on-year, with Q2 gross margin at 29.9%, down 6.3 percentage points year-on-year [4]. - The period expense ratio improved to 18.7%, down 2.4 percentage points year-on-year, with Q2 at 15.5%, down 3.1 percentage points year-on-year [4]. Future Outlook - The report anticipates revenue growth for 2024-2026, projecting revenues of 37.78 billion, 45.13 billion, and 54.35 billion yuan, representing year-on-year growth rates of 24%, 19%, and 20% respectively [6][12]. - Net profit forecasts for the same period are 5.12 billion, 6.26 billion, and 7.62 billion yuan, with expected growth rates of 8%, 22%, and 22% respectively [6][12].

Investment Rating - The report maintains a "Buy" rating for the company [1] Core Insights - The company's revenue for the first half of 2023 increased by 29.98% year-on-year, reaching 16.183 billion yuan, while the net profit attributable to shareholders grew by 1.98% to 2.118 billion yuan [5][9] - The company's performance in the new energy vehicle sector showed significant growth, with revenue doubling to 6 billion yuan, while the automation business also demonstrated resilience with a revenue increase of 10% to 7.5 billion yuan [6][7] - The report forecasts that the company's revenue will reach 37.366 billion yuan in 2024, with net profit expected to be 5.279 billion yuan, reflecting growth rates of 11% and 17% respectively for the following years [7] Summary by Sections Financial Performance - The company achieved a total revenue of 16.183 billion yuan in the first half of 2023, with a net profit of 2.118 billion yuan, and a significant increase in operating cash flow by 144% to 1.828 billion yuan [9] - The gross margin decreased to 31.77%, down 4.5 percentage points year-on-year, while the net margin also fell to 13.27%, down 3.5 percentage points [6][9] Business Segments - The industrial automation market faced a decline, with a market size of 147.6 billion yuan, down 2.8% year-on-year, while the new energy vehicle production increased by 30.1% [6] - The company’s automation business generated 7.5 billion yuan, while the new energy vehicle business reached 6 billion yuan, indicating strong performance despite market challenges [6][7] Investment and Growth Strategy - The company invested 0.852 billion yuan in non-equity investments, a 33.71% increase year-on-year, focusing on various projects including R&D centers and production facilities [7] - The international strategy is yielding results, with overseas revenue growing by approximately 17% to 0.95 billion yuan, supported by the establishment of new subsidiaries and service centers [7]

Investment Rating - The investment rating for the company is "Buy" (maintained) [6] Core Views - The company has launched a regular equity incentive plan, aiming to grant stock rights totaling no more than 34.76 million shares, accounting for 1.30% of the total share capital [6] - The company's automation revenue is expected to grow by approximately 10-15% year-on-year, with a significant increase in the second half of the year [6] - The electric vehicle segment has shown substantial growth, with revenue expected to exceed 15 billion yuan for the year, contributing significantly to net profit [7] - The forecast for net profit for 2024 is set at 5.456 billion yuan, reflecting a year-on-year growth of 15.06% [6] Summary by Sections Financial Forecast and Valuation - Total revenue is projected to reach 37.292 billion yuan in 2024, with a year-on-year growth of 22.59% [6] - The diluted EPS for 2024 is estimated at 2.04 yuan, with a corresponding P/E ratio of 21.25 [6] Market Data - The closing price of the stock is 43.30 yuan, with a market capitalization of approximately 115.96 billion yuan [3] Basic Data - The company's net asset per share is 9.51 yuan, and the debt-to-asset ratio stands at 48.84% [4] Related Research - Recent reports highlight the company's strong performance in the electric vehicle sector and its ongoing growth in industrial automation [5]

证券代码：300124 证券简称：汇川技术 深圳市汇川技术股份有限公司投资者关系活动记录表 | --- | --- | --- | |-----------------------------|-----------------------------------------------------------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------| | | | | | 投资者关系活动 | □特定对象调研 □分析师会议 | | | 类别 | □媒体采访 | 业绩说明会 | | | □新闻发布会 | □路演活动 | | | □现场参观 | | | | □其他 | | | 参与单位名称及 | ...

Investment Rating - Maintained "Overweight" rating for the company [1] Core Views - The company achieved rapid revenue growth in 2024Q2, with a year-on-year increase of 29 98% in H1 2024 [2] - Overseas expansion continues to gain momentum, with overseas revenue increasing by 16 78% year-on-year in H1 2024 [3] - The company's new energy vehicle and rail transit business saw significant growth, with revenue increasing by 96 26% year-on-year in H1 2024 [3] Financial Performance - In 2024Q2, the company's revenue reached 9 691 billion yuan, a year-on-year increase of 26 36% and a quarter-on-quarter increase of 49 27% [2] - Net profit attributable to the parent company in 2024Q2 was 1 307 billion yuan, a year-on-year decrease of 1 72% but a quarter-on-quarter increase of 61 12% [2] - Gross margin in H1 2024 was 31 77%, a year-on-year decrease of 4 50 percentage points, mainly due to increased competition and a higher proportion of low-margin new energy vehicle and rail transit business [5] Business Segments - General automation business revenue in H1 2024 was 7 520 billion yuan, a year-on-year increase of 9 70% [3] - Smart elevator electrical business revenue in H1 2024 was 2 331 billion yuan, a year-on-year decrease of 1 56% [3] - New energy vehicle and rail transit business revenue in H1 2024 was 6 229 billion yuan, a year-on-year increase of 96 26% [3] Overseas Expansion - The company established new subsidiaries and offices in Vietnam and built a new factory in Thailand, bringing the total number of global subsidiaries and offices to 18 [3] - The company secured bulk orders in the elevator, injection molding, and 3C industries in the Asian market and established partnerships with top global clients in the European market [3] Profit Forecast - Revenue for 2024 is expected to reach 36 958 billion yuan, with a year-on-year growth rate of 21% [6] - Net profit attributable to the parent company for 2024 is expected to be 5 089 billion yuan, with a year-on-year growth rate of 7% [6] - The current price corresponds to a PE ratio of 22 5x for 2024 [6] Valuation Metrics - The company's current price is 42 75 yuan, with a total market capitalization of 114 490 57 million yuan [2] - The 52-week price range is 39 17-70 56 yuan [2] - The average daily trading volume is 778 55 million yuan, with a turnover rate of 0 58% in the past month [2]

深圳市汇川技术股份有限公司第七期股权激励计划（草案）摘要 证券简称：汇川技术 证券代码：300124 深圳市汇川技术股份有限公司 第七期股权激励计划 （草案）摘要 深圳市汇川技术股份有限公司 二〇二四年八月 深圳市汇川技术股份有限公司第七期股权激励计划（草案）摘要 声明 本公司及全体董事、监事保证本公告内容不存在任何虚假记载、误导性陈 述或者重大遗漏，并对其内容的真实性、准确性和完整性依法承担法律责任。 1 深圳市汇川技术股份有限公司第七期股权激励计划（草案）摘要 特别提示 一、《深圳市汇川技术股份有限公司第七期股权激励计划（草案）》（以 下简称"本激励计划"）由深圳市汇川技术股份有限公司（以下简称"汇川技 术""公司"或"本公司"）依据《中华人民共和国公司法》《中华人民共和 国证券法》《上市公司股权激励管理办法》《深圳证券交易所创业板股票上市 规则》《深圳证券交易所创业板上市公司自律监管指南第 1 号——业务办理》 等其他有关法律、行政法规、规范性文件以及《深圳市汇川技术股份有限公司 章程》等有关规定制订。 二、本激励计划采取的激励工具包括第二类限制性股票、股票期权和第一类 限制性股票。股票来源为公司从二级 ...

| | 公司简称：汇川技术 股票代码：300124 | | | | --- | --- | --- | --- | | | 独立财务顾问：上海荣正企业咨询服务（集团）股份有限公司 | | | | 序号 | 事项 | 是否存在该 事项（是/否/ | 备注 | | | | 不适用） | | | | 上市公司合规性要求 | | | | | 最近一个会计年度财务会计报告是否被注册会计师出具否 | 否 | | | 1 | 定意见或者无法表示意见的审计报告 | | | | 2 | 最近一个会计年度财务报告内部控制被注册会计师出具否 | 否 | | | | 定意见或者无法表示意见的审计报告 | | | | 3 | 上市后最近 36 个月内出现过未按法律法规、公司章程、公 | 否 | | | | 开承诺进行利润分配的情形 | | | | 4 | 是否存在其他不适宜实施股权激励的情形 | 否 | | | 5 | 是否已经建立绩效考核体系和考核办法 | 是 | | | 6 | 是否为激励对象提供贷款以及其他任何形式的财务资助 | 否 | | | | 激励对象合规性要求 | | | | | 是否包括单独或者合计持有上市公司5%以上 ...

证券代码：300124 证券简称：汇川技术 公告编号：2024-074 深圳市汇川技术股份有限公司 第六届董事会第四次会议决议公告 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。 公司独立董事就此议案发表了监督意见，监事会发表了核查意见。本议案尚需提 交公司股东大会审议。 具体内容详见公司于 2024 年 8 月 28 日刊登在巨潮资讯网上的公告。 深圳市汇川技术股份有限公司(以下简称"公司")第六届董事会第四次会议于 2024 年 8 月 28 日以通讯表决的方式召开，会议通知于 2024 年 8 月 28 日以电子邮件方式送 达全体董事。本次会议由公司董事长朱兴明先生主持，会议应参加董事 9 名，实际参 加董事 9 名。公司监事唐柱学、柏子平、丁龙山，副总裁邵海波、李瑞琳、易高翔，财 务总监刘迎新列席会议。本次董事会的召集、召开和表决程序符合国家有关法律、法规 及公司章程的规定。经逐项讨论，审议了如下议案： 1.以 9 票同意、0 票反对、0 票弃权的表决结果，审议通过了《关于<第七期股权 激励计划（草案）>及其摘要的议案》 为了进一步健全公司长效激励机制 ...