深圳市汇川技术股份有限公司 长效激励基金管理办法 （经公司第六届董事会第八次会议审议通过） 第一章 总则 （四）公司执行董事会（以下简称"执董会"）认定的不能成为激励对象的 情形； 第一条 为充分调动和发挥深圳市汇川技术股份有限公司（以下简称"公 司"）员工的积极性，增强员工对实现公司持续健康发展的责任感、使命感，聚 合优秀人才加盟，提升公司核心竞争能力，从而为股东带来更高效、更持久的回 报，特制定《深圳市汇川技术股份有限公司长效激励基金管理办法》（以下简称 "《长效激励基金管理办法》"），设立公司长效激励基金。 第二章 激励对象 第二条 激励对象包括公司高级管理人员及其他核心人员。 第三条 下列人员不得作为激励对象，激励对象任职期间存在下列情形的， 取消激励对象资格： （一）最近三年内因重大违法违规行为被刑罚或行政处罚的； （二）最近三年内被监管机构公开谴责或宣布为不适当人选的； （三）最近三年内因泄露国家或公司机密、贪污、盗窃、侵占、受贿、行贿、 失职或渎职等违反国家法律、法规的行为，或违反公序良俗、职业道德和操守的 行为给公司利益、声誉和形象造成严重损害的； （五）相关法律、法规或规范性文件规定的其他不 ...

公司第五届董事会第二十八次会议同时审议通过了《关于确定 2024 年度长效激励 基金提取业绩目标值的议案》，同意长效激励基金 2024 年度归属于上市公司股东的净 利润目标为 53 亿元。 证券代码：300124 证券简称：汇川技术 公告编号：2025-018 深圳市汇川技术股份有限公司 关于 2024 年度长效激励基金提取业绩目标未达成的公告 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。 一、2024 年度长效激励基金提取业绩目标未达成的说明 深圳市汇川技术股份有限公司（以下简称"公司"）于 2024 年 4 月 19 日召开第五 届董事会第二十八次会议，审议通过了《关于审议<长效激励基金管理办法>的议案》。 为充分调动和发挥公司员工的积极性，公司设立长效激励基金，激励对象包括公司高级 管理人员及其他核心人员。公司长效激励基金以一个完整会计年度为一个考核周期，以 考核当年实际完成的净利润超出当年净利润目标值的数额确定计提金额。 经信永中和会计师事务所（特殊普通合伙）审计确认，公司 2024 年度归属于上市 公司股东的净利润为 42.85 亿元。 公司于 2 ...

Financial Performance - The company reported a revenue of CNY 8.98 billion for Q1 2025, representing a 38.28% increase compared to CNY 6.49 billion in the same period last year[4]. - Net profit attributable to shareholders reached CNY 1.32 billion, up 63.08% from CNY 811 million in the previous year[4]. - The net profit excluding non-recurring gains and losses was CNY 1.23 billion, reflecting a 55.87% increase year-over-year[4]. - Total operating revenue for the current period reached ¥8,977,911,730.21, a significant increase of 38.3% compared to ¥6,492,396,169.32 in the previous period[23]. - Operating profit for the current period was ¥1,420,606,890.19, up from ¥823,708,437.83, reflecting a growth of 72.5%[24]. - Net profit attributable to the parent company was ¥1,322,825,045.35, compared to ¥811,139,196.61 in the previous period, marking an increase of 63.0%[24]. - The company reported a comprehensive income total of ¥1,355,445,378.65, compared to ¥807,022,594.28, representing a growth of 67.8%[24]. - Basic earnings per share rose to ¥0.49 from ¥0.30, an increase of 63.3%[24]. Cash Flow and Investments - Operating cash flow net amount surged to CNY 262.55 million, a significant increase of 865.30% compared to CNY 27.20 million in the same period last year[4]. - Cash inflow from operating activities totaled ¥7,968,746,903.63, up from ¥5,599,120,197.51, indicating a growth of approximately 42.3%[27]. - Cash outflow from investing activities was ¥8,235,605,334.39, compared to ¥2,092,727,720.69, reflecting a substantial increase in investment expenditures[27]. - Cash inflow from investment activities reached ¥7,488,829,596.22, a notable rise from ¥284,808,764.16[27]. - Net cash flow from financing activities decreased to ¥219,395,025.77 from ¥612,482,055.04, showing a decline of approximately 64.1%[27]. - The company received ¥5,359,143,067.96 from investment recoveries, a significant increase from ¥231,854,889.17[27]. - The cash received from operating activities included ¥7,599,985,811.26 from sales, up from ¥5,181,838,492.27, marking a growth of approximately 46.5%[27]. - The impact of exchange rate changes on cash and cash equivalents was positive at ¥15,541,055.74, compared to a negative impact of ¥11,071,027.91 in the previous period[28]. - The company reported a cash outflow of ¥4,898,980,456.79 for purchasing goods and services, an increase from ¥3,143,111,939.34[27]. Business Segments - The general automation business, including industrial robots, generated approximately CNY 4.1 billion in sales, a year-on-year growth of about 29%[12]. - The new energy vehicles and rail transit business achieved sales of approximately CNY 3.9 billion, marking a 66% increase year-on-year[12]. - The smart elevator business reported sales of approximately CNY 960 million, with a modest growth of 2% compared to the previous year[12]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 57.85 billion, a slight increase of 1.18% from CNY 57.18 billion at the end of the previous year[4]. - The company’s total equity attributable to shareholders rose to CNY 29.57 billion, reflecting a 5.63% increase from CNY 27.99 billion at the end of the previous year[4]. - Total assets increased to ¥57,853,774,038.53 from ¥57,178,824,244.41, representing a growth of 1.2%[21]. - Current liabilities decreased to ¥22,421,020,318.05 from ¥23,373,962,812.98, a reduction of 4.1%[21]. - Total liabilities amounted to ¥27,826,384,900.18, down from ¥28,749,693,435.79, reflecting a decrease of 3.2%[21]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 111,310[13]. - The largest shareholder, Hong Kong Central Clearing Limited, holds 19.14% of shares, totaling 515,989,910 shares[13]. - Shenzhen Huichuan Investment Co., Ltd. is the second-largest shareholder with a 17.29% stake, amounting to 466,043,804 shares, of which 9,700,000 shares are pledged[13]. - The number of shareholders with voting rights restored for preferred shares is zero, indicating no preferred shareholders[13]. Research and Development - Research and development expenses for the current period were ¥889,887,069.35, compared to ¥786,176,585.40, an increase of 13.2%[23].

深圳市汇川技术股份有限公司 2024 年度 2023 年度 审计报告 审计报告 | 索引 | | 页码 | | --- | --- | --- | | 审计报告 | | 1-4 | | 公司财务报表 | | | | — | 合并资产负债表 | 1-2 | | — | 母公司资产负债表 | 3-4 | | — | 合并利润表 | 5 | | — | 母公司利润表 | 6 | | — | 合并现金流量表 | 7 | | — | 母公司现金流量表 | 8 | | — | 合并股东权益变动表 | 9-10 | | — | 母公司股东权益变动表 | 11-12 | | — | 财务报表附注 | 13-154 | 宁波伊士通技术股份有限公司 审计报告 XYZH/2025SZAA6B0098 深圳市汇川技术股份有限公司 深圳市汇川技术股份有限公司全体股东： 一、 审计意见 我们审计了深圳市汇川技术股份有限公司（以下简称汇川技术）财务报表，包括 2024 年 12 月 31 日的合并及母公司资产负债表，2024 年度的合并及母公司利润表、合并及母 公司现金流量表、合并及母公司股东权益变动表，以及相关财务报表附注。 我们认为， ...

深圳市汇川技术股份有限公司 2024年度内部控制评价报告 深圳市汇川技术股份有限公司全体股东： 根据《企业内部控制基本规范》及其配套指引的规定和其他内部控制监管要 求（以下简称企业内部控制规范体系），结合本公司（以下简称公司）内部控制 制度和评价办法，在内部控制日常监督和专项监督的基础上，我们对公司2024年 12月31日（内部控制评价报告基准日）的内部控制有效性进行了评价。 一、重要声明 按照企业内部控制规范体系的规定，建立健全和有效实施内部控制，评价其 有效性，并如实披露内部控制评价报告是公司董事会的责任。监事会对董事会建 立和实施内部控制进行监督。经理层负责组织领导企业内部控制的日常运行。公 司董事会、监事会及董事、监事、高级管理人员保证本报告内容不存在任何虚假 记载、误导性陈述或重大遗漏，并对报告内容的真实性、准确性和完整性承担个 别及连带法律责任。 公司内部控制的目标是合理保证经营管理合法合规、资产安全、财务报告及 相关信息真实完整，提高经营效率和效果，促进实现发展战略。由于内部控制存 在的固有局限性，故仅能为实现上述目标提供合理保证。此外，由于情况的变化 可能导致内部控制变得不恰当，或对控制政策和 ...

关于 2024 年非经营性资金占用及其他关联资金往来情况的专项报告 深圳市汇川技术股份有限公司（以下简称"公司"或"汇川技术"） 根据《上市公 司监管指引第8号——上市公司资金往来、对外担保的监管要求》（中国证券监督管理委 员会公告[2022]26号）和《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》的相关规定编制了《2024年度非经营性资金占用及其他关联资金往来情况汇总表》， 截至2024年12月31日，公司不存在控股股东及其他关联方非经营性占用公司资金的情况， 也不存在以前期间发生但延续到报告期的控股股东及其他关联方违规占用公司资金的 情况。 信永中和会计师事务所（特殊普通合伙）（以下简称"信永中和"）审计了公司2024 年度的财务报表，并出具了《关于深圳市汇川技术股份有限公司非经营性资金占用及其 他关联资金往来的专项说明》，信永中和将《公司2024年度非经营性资金占用及其他关 联资金往来情况汇总表》所载信息，与在审计汇川技术2024年度财务报表时所审核的会 计资料及已审计财务报表中披露的相关内容进行了核对，没有发现在重大方面存在不一 致的情况。 深圳市汇川技术股份有限公司 董事会 二〇二 ...

证券代码：300124 证券简称：汇川技术 公告编号：2025-011 深圳市汇川技术股份有限公司 根据中国证券监督管理委员会《上市公司监管指引第 2 号——上市公司募集 资金管理和使用的监管要求（2022 年修订）》（证监会公告〔2022〕15 号）、《深 圳证券交易所上市公司自律监管指引第 2 号——创业板上市公司规范运作》等相 关规定，深圳市汇川技术股份有限公司（以下简称"公司"或"汇川技术"）就 2024 年度募集资金存放与使用情况作如下专项报告： 一、募集资金基本情况 （一）实际募集资金金额和资金到账时间 1、2010 年度首次公开发行股票募集资金 经中国证券监督管理委员会证监许可[2010]1161 号文《关于核准深圳市汇川 技术股份有限公司首次公开发行股票并在创业板上市的批复》的核准，同意本公 司向社会公众公开发行人民币普通股（A 股）2,700 万股。本公司于 2010 年 9 月 13 日向社会公众投资者定价发行人民币普通股(A 股)2,700 万股，每股面值人民币 1.00 元，每股发行认购价格为人民币 71.88 元，共计募集人民币 1,940,760,000.00 元。经此发行，注册资 ...

Financial Performance - The company reported a revenue increase of 15% year-over-year, reaching 1.2 billion RMB in the last quarter[27]. - The company's operating revenue for 2024 reached ¥37,040,952,138.72, representing a 21.77% increase compared to ¥30,419,925,397.64 in 2023[5]. - The net profit attributable to shareholders decreased by 9.62% to ¥4,285,493,340.70 in 2024 from ¥4,741,863,347.20 in 2023[5]. - The gross margin improved to 35%, up from 30% in the previous year, indicating better cost management[27]. - The company achieved total revenue of 37.041 billion yuan, a year-on-year increase of 21.77%, while net profit attributable to shareholders decreased by 9.62% to 4.285 billion yuan[91]. Dividend Distribution - The company plans to distribute a cash dividend of 4.1 RMB per 10 shares, totaling approximately 1.1 billion RMB (including tax) based on a share capital of 2,693,623,158 shares[9]. Market Expansion and Strategy - The company aims to reduce reliance on the elevator business, which is significantly affected by the real estate market, by optimizing product sales structure and expanding into new areas such as new energy vehicles and industrial automation[11]. - The company is expanding its market presence in Southeast Asia, targeting a 10% market share by 2025[27]. - A strategic acquisition of a local competitor is anticipated to enhance the company's technology portfolio and increase market competitiveness[27]. - The company aims for steady growth in its smart elevator business, generating positive cash flow despite the historical rapid growth of the elevator industry being influenced by the real estate market[68]. Research and Development - The company will continue to increase R&D investment to enhance management capabilities and reduce costs in response to intensified competition in the new energy vehicle market[14]. - The company plans to invest 100 million RMB in R&D for next-generation automation solutions[27]. - The company invested CNY 3.147 billion in R&D in 2024, with a R&D expense ratio of 8.50%[84]. - The company has established a core development team for industrial AI, aiming to transform manufacturing processes and enhance operational efficiency through AI technologies[120]. Operational Efficiency - The company acknowledges the risk of increasing accounts receivable and potential bad debts as sales scale expands, and will prioritize careful selection of partners and clients to control financial risks[16]. - The company faces management risks due to its expanding scale and will continue to optimize governance structures and introduce high-end management talent to meet growth demands[18]. - The company aims to reduce operational costs by 15% through supply chain optimization initiatives[27]. - The company has established a multi-layered, multi-structured supply chain management model to ensure high-quality, low-cost, and rapid delivery[78]. Product Development and Innovation - New product development includes the launch of a high-voltage inverter, expected to generate an additional 200 million RMB in revenue[27]. - The company launched several new products, including the MD600 low-voltage compact inverter and various intelligent servo systems, enhancing its competitive edge[96]. - The company is developing a new generation of variable frequency drives (MD630 series) to enhance market share[143]. - The company is working on a new series of industrial cameras with a focus on high performance and low cost, which will create a differentiated competitive advantage in the market[36]. Market Trends and Projections - In 2024, China's GDP is projected to grow by 5.0%, with quarterly growth rates of 5.3%, 4.7%, 4.6%, and a rebound to 5.4% in Q4[45]. - The industrial automation market in China is expected to reach a scale of 285.9 billion yuan in 2024, reflecting a year-on-year decline of 1.7%[45]. - The new energy vehicle market is driven by a surge in plug-in hybrid vehicle sales, which have increased their market share to 40%[47]. - The elevator industry is projected to see a production volume of 1.492 million units in 2024, representing a year-on-year decline of 8%[50]. Risk Management - The company acknowledges the risk of increasing accounts receivable and potential bad debts as sales scale expands, and will prioritize careful selection of partners and clients to control financial risks[16]. - The company has implemented risk controls for its derivatives investments, including market, internal control, and customer default risks[172]. - The company has established a comprehensive risk management system for hedging operations, including clear operational principles and approval authority[173]. Sustainability and Environmental Impact - The company achieved energy savings of 1,458,800 kWh during the reporting period, with renewable energy usage reaching 19,627,500 kWh, a year-on-year increase of 124.53%[125]. - The company completed a green supply chain survey involving over 200 major suppliers, achieving a response rate of 93.47%[125]. - The company has established a regular communication mechanism with key clients to enhance collaboration on sustainability initiatives[125]. Internationalization and Global Presence - The company has established 18 subsidiaries and offices globally, with an overseas team of over 600 people, supporting its internationalization strategy[112]. - The company has developed over 130 overseas distributors across Southeast Asia, East Asia, Europe, India, and the Middle East, enhancing its global market presence[112]. - The company is actively expanding its market presence in developed markets by providing customized solutions to top multinational clients[113]. Financial Health and Cash Flow - The net cash flow from operating activities significantly increased by 113.67% to ¥7,200,440,164.32 in 2024, compared to ¥3,369,915,897.12 in 2023[5]. - The company's cash and cash equivalents decreased significantly, mainly due to increased net purchases of time deposits and financial products[151]. - The company's trading financial assets amounted to ¥1,782,863,400.57, representing a 3.12% increase compared to the previous period[157].

汇川技术（300124）公告，2025年第一季度营收为89.78亿元，同比增长38.28%；净利润为13.23亿元， 同比增长63.08%。 ...

Investment Rating - The industry investment rating is optimistic [1] Core Insights - The report highlights significant investment opportunities in the humanoid robot sector, particularly in key components such as lead screws, harmonic reducers, and motors, with a projected market size of approximately 288 billion yuan for equipment at a production scale of 1 million humanoid robots [3][10] - The report recommends companies involved in the production of lead screws and harmonic reducers, emphasizing their potential growth in the humanoid robot market [3][5] Summary by Sections 1. Lead Screws - Lead screws are critical components for linear motion in humanoid robots, with a market size of 14 billion yuan for 1 million units produced [15][39] - Recommended companies include Zhejiang Rongtai and Shuanglin Co., with a focus on high-precision grinding machines and automatic straightening machines [3][19] 2. Harmonic Reducers - Harmonic reducers are essential for converting high-speed input to low-speed output while increasing torque, with a market size of 14 billion yuan for 1 million units produced [37][39] - Companies to watch include Meihua Co., Longsheng Technology, and Haoneng Co., with a focus on high-precision grinding and balancing equipment [3][41] 3. Motors - The report discusses the application of hollow cup motors and frameless torque motors in humanoid robots, with market sizes of 280 billion yuan and 204 billion yuan, respectively, at a production scale of 1 million units [3][48] - The report emphasizes the importance of motor technology in enhancing the performance and efficiency of humanoid robots [48] 4. Equipment Market Potential - The total potential market for equipment required for the mass production of humanoid robots is estimated at 288 billion yuan, with significant contributions from high-precision grinding machines and balancing machines [10][44] - The report outlines the necessary equipment and their respective market sizes, highlighting the importance of domestic suppliers in meeting production demands [10][44]