本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假记 载、误导性陈述或重大遗漏。 一、获取项目经费的基本情况 近日，武汉华中数控股份有限公司（以下简称"公司"）收到国家项目支持经 费 1,395 万元。公司获得的上述项目经费为现金形式，上述资金已经到账。 二、经费的类型及其对上市公司损益的影响 证券代码：300161 证券简称：华中数控 公告编号：2024-025 武汉华中数控股份有限公司 关于获得项目经费的公告 根据规定，公司本次收到的项目经费，认定为与收益相关，作为递延收益入 账，公司将结合项目进展情况分期计入其他收益。 2.经费对上市公司的影响 本次收到的项目经费预计对公司 2024 年的利润影响金额为 867 万元，最终 的会计处理仍须以审计机构审计确认后的结果为准，敬请投资者注意风险。 三、备查文件 1. 收款凭证 二〇二四年三月二十六日 1.经费的类型与确认计量 武汉华中数控股份有限公司董事会 ...

Investment Rating - The report maintains a "Recommended" rating for the company [4]. Core Insights - The company achieved a revenue of 2.115 billion yuan in 2023, representing a year-over-year growth of 27.1%, with a net profit attributable to shareholders of 27 million yuan, up 45.7% year-over-year [2][3]. - The company's robot and CNC system businesses both experienced steady growth, with the robot and intelligent production line segment generating 1.12 billion yuan in revenue, a 35.5% increase year-over-year, while the CNC system and machine tool segment achieved 892 million yuan, a 26.2% increase year-over-year [2]. - The company is recognized as one of the few domestic enterprises with complete independent intellectual property rights in robot production, showcasing strong production and technological advantages in key components [2]. - The company is expected to maintain rapid growth in CNC system sales, driven by the trend of domestic substitution, with projected net profits of 134 million yuan, 241 million yuan, and 403 million yuan for 2024, 2025, and 2026, respectively [2][3]. Financial Performance Summary - In 2023, the company reported a gross margin of 32.9%, a decrease of 1.2 percentage points year-over-year [2]. - The fourth quarter of 2023 saw a revenue of 819 million yuan, an 18.43% increase year-over-year, but a net profit of 61 million yuan, down 14.12% year-over-year [2]. - The company plans to provide efficient automation solutions for high-end key areas, including new energy vehicle components and wearable device parts processing [2].

Investment Rating - The report assigns a "Buy" rating to the company, with a current price of 31.41 CNY and a reasonable value of 36.43 CNY, maintaining the previous "Buy" rating [6]. Core Insights - The company reported a revenue of 2.115 billion CNY for 2023, a year-on-year increase of 27.13%, and a net profit attributable to shareholders of 27.09 million CNY, up 45.70% year-on-year [4][17]. - The growth in the CNC system segment is significant, with revenue reaching 889.2 million CNY, a 26.22% increase, and a gross margin of 38.65%, up 2.76 percentage points [4]. - The intelligent production line and robotics segment saw revenue of 1.118 billion CNY, a 35.53% increase, although the gross margin decreased by 2.05 percentage points [4][17]. - The company has a strong order backlog, with new orders amounting to 1.293 billion CNY in 2023, indicating potential for future revenue growth [4][23]. Summary by Sections Financial Performance - The company achieved a revenue of 2.115 billion CNY in 2023, with a year-on-year growth rate of 27.1% [18]. - The net profit for 2023 was 27.09 million CNY, reflecting a significant increase of 45.7% compared to the previous year [18]. - The gross margin for the CNC system segment improved to 38.65%, while the intelligent production line segment's gross margin was 35.53% [4][18]. Revenue Forecast - The company is expected to see revenue growth rates of 23.5%, 23.8%, and 21.7% for the years 2024, 2025, and 2026, respectively, with projected revenues of 2.612 billion CNY, 3.235 billion CNY, and 3.936 billion CNY [24]. - The net profit forecast for 2024, 2025, and 2026 is 103 million CNY, 171 million CNY, and 263 million CNY, respectively, indicating substantial growth potential [24]. Business Segments - The CNC system and machine tool segment is expected to maintain a growth rate of around 30% from 2024 to 2026, driven by the recovery in the manufacturing sector and the company's leading position in the domestic market [45]. - The intelligent production line and robotics segment is projected to grow at rates of 20% for 2024 and 2025, and 15% for 2026, with a focus on core component innovation [23][46]. - The company is also expanding its presence in the new energy vehicle sector, with expected growth rates of around 10% for the same period [46].

Financial Performance - In 2023, Xi'an Huazhong CNC Co., Ltd. reported an increase in net profit compared to the same period in 2022, primarily due to active market expansion and increased sales revenue[1]. - In 2023, Changzhou Huashu Jinming Intelligent Equipment Technology Research Institute Co., Ltd. also saw a rise in net profit year-over-year, driven by collaborations in the new energy sector and increased sales revenue[2]. - Nanning Huashu Nanjing New Energy Vehicle Co., Ltd. experienced a decrease in net profit in 2023 compared to 2022, mainly due to increased expenses during the reporting period[3]. - The company reported a total revenue of 234,111,979.10 for the year, with a net profit of 3,361,529.10, indicating a strong performance in the market[35]. - The subsidiary Wuhan Huada New Motor Technology Co., Ltd. generated revenue of 174,973,580.11, contributing significantly to the overall performance[35]. - The subsidiary Nanning Huashu New Energy Automobile Co., Ltd. reported a revenue of 67,493,604.39, reflecting growth in the new energy vehicle sector[35]. - Shenzhen Huazhong CNC Co., Ltd. reported total assets of approximately CNY 209.58 million and a net profit of CNY 3.47 million, contributing over 10% to the company's net profit[135]. - Xi'an Huazhong CNC Co., Ltd. had total assets of approximately CNY 25.29 million and a net profit of CNY 9.82 million, also contributing significantly to the overall net profit[135]. - Shandong Huashu Intelligent Technology Co., Ltd. reported total assets of approximately CNY 69.07 million and a net profit of CNY 2.77 million, impacting the company's financial performance[135]. - Foshan Huashu Robot Co., Ltd. recorded total assets of approximately CNY 432.92 million but reported a net loss of CNY 6.40 million, indicating challenges in profitability[138]. - Wuhan Huashu Jinming Intelligent Technology Co., Ltd. achieved total assets of approximately CNY 363.33 million and a net profit of CNY 12.23 million, contributing positively to the company's financials[138]. - Jiangsu Jinming Industrial Robot Automation Co., Ltd. reported total assets of approximately CNY 874.13 million but faced a significant net loss of CNY 47.02 million, highlighting operational difficulties[138]. - The company reported a total revenue of ¥1,314,672,572.98 for the entire year, reflecting a year-over-year growth[163]. - The company's operating revenue for 2023 reached ¥2,114,672,572.98, representing a 27.13% increase compared to ¥1,663,398,662.75 in 2022[186]. - Net profit attributable to shareholders was ¥27,090,694.23, a 45.70% increase from ¥18,593,657.60 in 2022[186]. - The net cash flow from operating activities improved significantly to ¥211,526,468.68, a 770.48% increase from -¥31,548,296.16 in 2022[186]. - The total assets at the end of 2023 were ¥4,420,661,321.58, marking a 17.91% increase from ¥3,749,333,469.19 at the end of 2022[186]. - The company reported a basic earnings per share of ¥0.1363, up 45.62% from ¥0.0936 in 2022[186]. - The weighted average return on equity increased to 1.64%, up from 1.13% in 2022[186]. Strategic Initiatives - The company aims to promote high-end CNC system technology and products, aligning with national strategies for high-quality development and manufacturing transformation[5]. - The company plans to implement a dual circulation strategy to expand both domestic and international markets[9]. - The company is actively managing risks related to macroeconomic fluctuations, industry competition, and raw material cost increases[11][12][14]. - The company is committed to enhancing brand building and maintaining a high-end market leadership position[6]. - The focus is on strengthening technological support and improving management levels to boost profitability and operational efficiency[10]. - The company is exploring diversified incentive methods to enhance talent quality and align personal growth with corporate development[8]. - The company is focusing on expanding its market presence and enhancing its product offerings through new technology developments[181]. - Future guidance indicates a positive outlook with expectations of continued revenue growth and profitability improvements in the upcoming quarters[181]. - The company is actively pursuing strategic acquisitions to bolster its competitive position in the market[181]. - Research and development efforts are being intensified to innovate new products and technologies, aiming to meet evolving customer demands[181]. - The company is focusing on developing intelligent, networked CNC systems that support adaptive control and smart diagnostics, aligning with industry trends towards high-speed, high-precision, and composite manufacturing[199]. - The company plans to expand its market presence by leveraging government policies that encourage R&D in the integrated circuit and industrial mother machine sectors[197]. Corporate Governance and Compliance - The company has ensured compliance with corporate governance regulations, maintaining independence from its controlling shareholders[40]. - The company has established internal systems to ensure accurate and timely information disclosure to all shareholders[24]. - The company has not reported any changes in the use of raised funds during the reporting period[52]. - There were no significant asset sales during the reporting period[53]. - The company has not encountered any issues or other situations regarding the use and disclosure of raised funds[51]. - The interest from unused raised funds is stored in a dedicated account and will continue to be used for corresponding investment projects according to the funding usage plan[51]. - The company has not reported any changes in fundraising projects during the reporting period[52]. - There are no reported penalties from securities regulatory agencies for directors, supervisors, and senior management in the past three years[61]. - The company has held multiple board meetings throughout 2023, with the latest on December 22, 2023[64]. - The company has not utilized idle raised funds to temporarily supplement working capital[51]. - The company has a cash dividend policy that is clear and compliant with regulations, ensuring the protection of minority shareholders' rights[106]. - The company has committed to ensuring that all related party transactions are conducted fairly and transparently, adhering to legal and regulatory requirements[103]. - The company has established an effective internal control system to ensure compliance, asset security, and the authenticity of financial reports, which was reviewed and approved by the board on November 23, 2023[91]. - The internal control evaluation report indicated that there were no significant defects in financial reporting as of December 31, 2023[109]. - The internal control audit report confirmed that the company maintained effective internal controls related to financial statements in all material respects[112]. - The company has pledged to maintain a complete and independent corporate governance structure, ensuring the integrity of its operations[127]. - The company has reported that all commitments made by major shareholders and related parties have been fulfilled as of the reporting period[126]. - The company has established a commitment to disclose information regarding related transactions in accordance with market fairness and legal procedures[127]. - The company has committed to ensuring that its subsidiaries can independently make financial decisions without interference from controlling shareholders[127]. - The company has pledged to independently pay taxes and maintain separate bank accounts for its subsidiaries[127]. Employee Development and Training - The company has organized over 100 internal and external training sessions during the reporting period, focusing on enhancing the professional knowledge and skills of employees across various roles[88]. - The company established a "Peak Training Camp" program to enhance the skills and knowledge of key employees in technology and product-related areas[88]. - The company conducted a training program for new recruits from the 2023 campus recruitment, covering product technology, industry market trends, and practical training in CNC machine tools and intelligent manufacturing[105]. - The company has a total of 18 employees with a doctoral degree and 134 with a master's degree[87]. - The total number of employees at the end of the reporting period was 3,676, with 1,154 in production, 312 in sales, and 1,676 in technical roles[87]. - The company held 5 shareholder meetings during the reporting period, with all directors attending[82]. - The company paid a total of 9,440,100 yuan in remuneration to directors, supervisors, and senior management during the reporting period[81]. - The company’s remuneration system is designed to ensure competitiveness in key positions while maintaining internal fairness[70]. - The company has not implemented any employee incentive plans during the reporting period[108]. - The company held a job fair in March 2023, providing internship and employment opportunities for rural college students and unemployed individuals, resulting in 10 job placements[118]. Investment and Projects - The company has invested 5,412.48 in the high-performance CNC system technology upgrade and capacity expansion project, with a total investment of 22,110.14 planned[49]. - The investment progress for the high-performance CNC system project is at 101.27%, indicating that the project is ahead of schedule[49]. - The total investment commitment for the projects is 42,838.6, with a cumulative investment of 42,390.66 by the end of the reporting period[49]. - The company is actively working on improving production conversion rates based on customer feedback, which may impact project timelines[49]. - The company has not faced any major litigation or arbitration matters during the reporting period, indicating a stable legal environment[142]. - The company raised a total of CNY 421.11 million from a specific stock issuance, enhancing its financial resources for future investments[143]. - The company has not made any significant acquisitions or disposals of subsidiaries during the reporting period[99]. - The company has not experienced any significant changes in project feasibility during the reporting period, ensuring stability in its strategic initiatives[49]. - The company has committed to reducing carbon emissions and has implemented measures to achieve this goal during the reporting period[96]. - The company has not faced any administrative penalties due to environmental issues during the reporting period[114].

Investment Rating - The report maintains a "Buy" rating for the company [1][9]. Core Insights - The company's CNC system and machine tool business achieved revenue of 892 million yuan in 2023, a year-on-year increase of 26.22%, demonstrating strong alpha attributes despite a 10.3% decline in the overall machine tool industry [2]. - The industrial robots and smart production line segment reported revenue of 1.181 billion yuan in 2023, up 35.53% year-on-year, with smart production lines growing by 66.26% [2]. - The company expects to achieve net profits of 107 million yuan, 161 million yuan, and 217 million yuan for the years 2024 to 2026, respectively, reflecting a strong growth outlook [9][27]. Summary by Sections Financial Performance - In 2023, the company reported total revenue of 2.115 billion yuan, a 27.13% increase from 2022, and a net profit of 27 million yuan, up 61.25% year-on-year [24][27]. - The gross margin for the CNC system and machine tool business improved to 38.65%, an increase of 2.76 percentage points year-on-year, driven by a higher proportion of high-end CNC system revenue [2]. Market Position - The company has established partnerships with several high-profile clients, enhancing its market presence and recognition in high-end CNC systems [2]. - The report highlights the potential for accelerated domestic substitution in high-end CNC systems, indicating a favorable market trend for the company [2]. Future Projections - Revenue growth is projected to continue, with estimates of 31.43% for 2024 and 21.74% for 2025 [27]. - The report anticipates further improvements in operating cash flow, with a net cash flow from operating activities of 212 million yuan in 2023, an increase of 244 million yuan year-on-year [2].

Investment Rating - The report maintains a "Hold" rating for the company, indicating that the stock is expected to perform in line with the market over the next six months [17]. Core Insights - The company achieved a revenue of 2.115 billion yuan in 2023, representing a year-on-year growth of 27.13%, and a net profit attributable to shareholders of 27.09 million yuan, up 45.70% year-on-year [17]. - The company's CNC system revenue grew by 26%, significantly outperforming the machine tool industry, which saw a decline in revenue [17][4]. - The report highlights the company's strong position in the domestic high-end CNC system market, benefiting from the trend of domestic substitution [17][4]. Revenue and Profitability - The CNC system and machine tool segment generated revenue of 889.2 million yuan in 2023, with a growth rate of 26.22% [31]. - The gross margin for the CNC system and machine tool business improved to 38.65%, an increase of 2.76 percentage points year-on-year [17]. - The company expects a compound annual growth rate (CAGR) of 24% in revenue from 2024 to 2026, with net profits projected to reach 93.47 million yuan in 2024 and 146.97 million yuan in 2025 [17][31]. Business Segments - The report indicates that the company's industrial robots and smart production lines achieved revenue of 1.118 billion yuan in 2023, a year-on-year increase of 35.53% [17]. - The smart production line segment is expected to see order growth of 25% to 20% from 2024 to 2026, maintaining a stable gross margin of around 30% [23]. - The company has a robust order backlog of 850 million yuan for smart production lines, reflecting a year-on-year increase of 76% [17]. Market Position and Strategy - The company is positioned as a leader in the domestic high-end CNC system market, with ongoing collaborations with various enterprises to develop advanced machining solutions [17]. - The report emphasizes the company's focus on innovation and technology upgrades, including the launch of new high-end CNC system products that meet international standards [17]. - The company has made significant inroads into overseas markets, securing over 500 million yuan in export orders in 2023 [17].

2023-10-31 图3: 销售毛利率略有下滑，销售净利率上升 公司点评报告 我们在此提醒您，不同证券研究机构采用不同的评级术语及评级标准。我们采用的是相 对评级体系，表示投资的相对比重建议。投资者买入或者卖出证券的决定应当充分考虑自身 特定状况，如具体投资目的、财务状况以及特定需求等，并完整理解和使用本报告内容，不 应视本报告为做出投资决策的唯一因素。 东吴证券研究所 苏州工业园区星阳街 5 号 0. 4 100% 80% 0.3 60% 0.3 40% 0. 2 20% 0.2 0% 0. 1 –20% 0. 1 -40% 0.0 -60% 2018 2019 2020 2021 2022 2023 妇属母公司股东净利润（亿元) yoy % 2 / 4 买入：预期未来 6 个月个股涨跌幅相对基准在 15%以上； 图5: 公司持续维持高研发投入 东吴证券研究所 3 / 4 证券研究报告·公司点评报告·通用设备 增持（维持） ◼ 业绩持续向好，数控系统业务逆势增长 股价走势 | --- | --- | |--------------------------|-------------| | | | | | ...

根据《上市公司独立董事管理办法》《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》 等要求，武汉华中数控股份有限公司（以下简称"公司"）董事会就公司在任独 立董事的独立性情况进行评估并出具如下专项意见： 经核查，公司独立董事王典洪、朱峰、张凌寒未在公司担任除独立董事以外 的任何职务，也未在公司主要股东公司担任任何职务，与公司及主要股东之间不 存在利害关系或其他可能妨碍其进行独立客观判断的关系，因此，公司独立董事 符合《上市公司独立董事管理办法》《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》等法律法规及《公司章程》中对独立董事的任 职资格及独立性的相关要求。 武汉华中数控股份有限公司 武汉华中数控股份有限公司董事会 董事会关于独立董事独立性情况的专项意见 二〇二四年三月二十五日 ...

武汉华中数控股份有限公司 董事会审计委员会对会计师事务所2023年度履职情况 评估及履行监督职责情况的报告 根据《中华人民共和国公司法》《中华人民共和国证券法》《上市公司治理准 则》《国有企业、上市公司选聘会计师事务所管理办法》《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》和武汉华中数控股份有限 公司（以下简称"公司"）的《公司章程》《审计委员会工作制度》等规定和要求， 董事会审计委员会本着勤勉尽责的原则，恪尽职守，认真履职。现将董事会审计 委员会对会计师事务所2023年度履职评估及履行监督职责的情况汇报如下： 一、2023年年审会计师事务所基本情况 经审计，中审众环认为公司财务报表在所有重大方面均按照企业会计准则的 规定编制，公允反映了公司2023年12月31日的合并及公司财务状况以及2023年度 的合并及公司经营成果和现金流量；中审众环出具了标准无保留意见的审计报告。 在执行审计工作的过程中，中审众环就会计师事务所和相关审计人员的独立 性、审计工作小组的人员构成、审计计划、风险判断、风险及舞弊的测试和评价 方法、年度审计重点、审计调整事项、关键审计事项、初审意见等与公司管理层 和 ...

关于武汉华中数控股份有限公司 前次募集资金使用情况的鉴证报告 众环专字(2024)0100094 号 武汉华中数控股份有限公司全体股东： 我们接受委托，对后附的武汉华中数控股份有限公司（以下简称"华中数控公司"）截 至 2023 年 12 月 31 日止的《关于前次募集资金使用情况的报告》执行了鉴证工作。 按照中国证券监督管理委员会印发的《监管规则适用指引——发行类第 7 号》的规定， 编制《关于前次募集资金使用情况的报告》并保证其内容真实、准确、完整，不存在虚假记 载、误导性陈述或重大遗漏，以及为我们的鉴证工作提供真实、合法、完整的实物证据、原 始书面材料、副本材料、口头证言以及我们认为必要的其他证据，是华中数控公司董事会的 责任。我们的责任是在执行鉴证工作的基础上，对《关于前次募集资金使用情况的报告》提 出鉴证结论。 我们按照《中国注册会计师其他鉴证业务准则第 3101 号——历史财务信息审计或审阅 以外的鉴证业务》的规定执行了鉴证工作，该准则要求我们遵守中国注册会计师职业道德守 则，计划和执行鉴证工作以对《关于前次募集资金使用情况的报告》是否不存在重大错报获 取合理保证。在鉴证过程中，我们实施了抽查会计 ...