江苏世纪同仁律师事务所 关于镇江东方电热科技股份有限公司 2023 年年度 股东大会的法律意见书 致：镇江东方电热科技股份有限公司 根据《中华人民共和国公司法（2018 修正）》《中华人民共和国证券法（2019 修订）》《上市公司股东大会规则（2022 修订）》和《深圳证券交易所上市公司股 东大会网络投票实施细则（2020 年修订）》等法律、法规和规范性文件以及《镇 江东方电热科技股份有限公司章程》（以下简称"《公司章程》"）的规定，本所受 公司董事会的委托，指派本所律师出席公司 2023 年年度股东大会，并就本次年 度股东大会的召集、召开程序、出席会议人员资格、召集人资格、表决程序以及 表决结果的合法有效性等事项出具法律意见。 为出具本法律意见书，本所律师对本次年度股东大会所涉及的有关事项进行 了审查，查阅了相关会议文件，并对有关问题进行了必要的核查和验证。 本所律师同意将本法律意见书随公司本次年度股东大会决议一并公告，并依 法对本法律意见书承担相应的责任。 本所律师根据相关法律、法规和规范性文件的要求，按照律师行业公认的业 务标准、道德规范和勤勉尽责精神，出具法律意见如下： 一、关于本次年度股东大会的召集 ...

镇江东方电热科技股份有限公司 证券代码：300217 证券简称：东方电热 公告编号：2024-033 镇江东方电热科技股份有限公司 2023年度股东大会决议公告 本公司及董事会全体成员保证公告内容真实、准确和完整，没有虚假记载、误导性陈 述或重大遗漏。 特别提示： 1、本次股东大会无增加、变更、否决提案的情况； 2、本次股东大会无涉及变更以往股东大会已通过的决议； 3、本次股东大会的所有议案表决结果均对中小股东（除公司董事、监事、高级管理 人员以及单独或合计持有公司5%以上股份的股东以外的其他股东）单独计票。 一、会议召开和出席情况 1、镇江东方电热科技股份有限公司（以下简称"公司"）2023年度股东大会于2024年 5月17日（星期五）下午2:30在镇江新区大港五峰山路18号公司一楼会议室以现场投票与 网络投票相结合的方式召开。 本次股东大会由公司董事会召集，董事长谭克先生主持现场会议。本次会议的召集、 召开符合《公司法》、《深圳证券交易所创业板股票上市规则》等法律法规、部门规章、规 范性文件和《公司章程》的规定。 在出席本次股东大会的所有股东或股东授权代表中，中小股东（除公司董事、监事、 高级管理人员以及 ...

东方证券承销保荐有限公司关于 镇江东方电热科技股份有限公司 2023 年年度跟踪报告 | 公司及股东承诺事项 | 是否履行承 | 未履行承诺的 原因及解决措 | | --- | --- | --- | | | 诺 | 施 | | 1、关于股份流通及限售股份的承诺 | 是 | 不适用 | | 2、避免同业竞争的承诺 | 是 | 不适用 | | 3、关于承担五险一金员工补缴金额的承诺 | 是 | 不适用 | | 4、不占用公司资金的承诺 | 是 | 不适用 | | 5、保证公司分红能力的承诺 | 是 | 不适用 | | 6、保证公司填补即期回报措施履行的承诺 | 是 | 不适用 | 四、重大合同履行情况 | 保荐机构名称：东方证券承销保荐有限公司 | 被保荐公司简称：东方电热 | | --- | --- | | 保荐代表人姓名：江轶 | 联系电话：021-23153523 | | 保荐代表人姓名：李金龙 | 联系电话：021-23153715 | 一、保荐工作概述 | 项目 | 工作内容 | | --- | --- | | 1.公司信息披露审阅情况 | | | （1）是否及时审阅公司信息披露文件 | 是 | | ...

Investment Rating - The report maintains a "Buy" rating for the company, indicating an expected stock price increase of over 15% relative to the industry index in the next six months [1][7][24]. Core Views - The company has shown enhanced profitability, with a significant increase in net profit for 2023, which reached 644 million yuan, a year-on-year growth of 113.3% [1][2]. - The demand for pre-plated nickel materials in the short term is below expectations, but the company is well-positioned to benefit from the anticipated growth in the 4680 battery market [3][7]. - The company has achieved a leading position in the industry with its 20,000-ton lithium battery pre-plated nickel steel base project, which is now operational and has passed material performance verification from several well-known domestic enterprises [3][7]. Financial Performance Summary - In 2023, the company reported a revenue of 4.106 billion yuan, a year-on-year increase of 7.5%, while the net profit was 644 million yuan, up 113.3% [1][2]. - The sales gross margin for 2023 was 23.56%, an increase of 3.39 percentage points year-on-year, and the net profit margin was 15.72%, up 7.77 percentage points [2]. - The company expects net profits for 2024 to be 501 million yuan, with EPS projected at 0.34 yuan, and further growth anticipated in subsequent years [1][7]. Product Revenue Breakdown - In 2023, the revenue from various product segments was as follows: household electric heaters (1.267 billion yuan, -3.02% YoY), electric heaters for new energy vehicles (297 million yuan, +22.58% YoY), new energy equipment (1.963 billion yuan, +34.64% YoY), optical communication steel-aluminum-plastic composite materials (499 million yuan, -30.76% YoY), and lithium battery steel shell materials (44 million yuan, -22.59% YoY) [2].

Investment Rating - The report maintains an "Accumulate" rating for the company with a target price of 6.20 yuan, unchanged from the previous rating [2][54]. Core Views - The company is expected to see a gradual recovery in demand in 2024, which is anticipated to improve its financial performance. The report forecasts net profits for 2024-2026 to be 468 million, 558 million, and 623 million yuan respectively, with corresponding EPS of 0.32, 0.38, and 0.42 yuan, reflecting year-on-year changes of -27% (non-recurring profit +16%), +19%, and +12% [54]. Summary by Sections Performance Overview - The company's 2023 revenue reached 4.106 billion yuan, a year-on-year increase of 7.52%, while net profit attributable to shareholders was 644 million yuan, up 113.28% year-on-year. The fourth quarter of 2023 saw revenue of 869 million yuan, down 24.55% year-on-year, and net profit of 59 million yuan, down 10.63% year-on-year [10][54]. Revenue Breakdown - In 2023, revenue contributions from various segments were as follows: home appliance PTC down 3%, new energy vehicle PTC up 23%, new energy equipment manufacturing up 35%, optical communication materials down 31%, and lithium battery materials down 23%. The growth in pre-plated nickel materials was below expectations due to slower-than-anticipated demand for large cylindrical batteries [10][11]. Profitability Analysis - The report highlights significant structural improvements in the PTC business. The average selling price of home appliance PTC products increased by 2.8% year-on-year, with a gross margin of 19.4%, up 2.5 percentage points. The gross margin for new energy vehicle PTC products reached 24.2%, up 2.3 percentage points, benefiting from a higher proportion of water heating products [44][45]. Cash Flow Performance - The company's operating cash flow showed a significant decline, with a net cash flow from operating activities of 63 million yuan in 2023, down 90.86% year-on-year. The fourth quarter of 2023 recorded a negative cash flow of 10 million yuan, a decrease of 130.63% year-on-year [36][48].

Financial Performance - The company's revenue for Q1 2024 was ¥875,590,999.27, a decrease of 3.44% compared to ¥906,753,804.64 in the same period last year[5] - Net profit attributable to shareholders was ¥85,747,703.39, representing a 27.14% increase from ¥67,443,643.62 year-on-year[5] - Basic earnings per share increased by 15.60% to ¥0.0578 from ¥0.0500 in the same period last year[5] - The net profit for Q1 2024 was ¥85,809,151.05, an increase of 26.67% compared to ¥67,752,359.97 in Q1 2023[24] - The total profit for Q1 2024 reached ¥100,053,347.39, up from ¥78,958,758.14 in the same period last year, reflecting a growth of 26.67%[24] - Operating profit for the quarter was ¥100,134,105.20, compared to ¥78,848,137.33 in Q1 2023, indicating a significant increase[24] - The total comprehensive income for Q1 2024 was ¥85,781,152.39, compared to ¥67,963,029.14 in Q1 2023, marking an increase of 26.14%[24] - Basic and diluted earnings per share for Q1 2024 were both ¥0.0578, up from ¥0.0500 in Q1 2023[24] Cash Flow and Assets - The net cash flow from operating activities was -¥45,953,545.51, a significant decline of 157.81% compared to ¥79,493,150.27 in the previous year[5] - Cash flow from operating activities showed a net outflow of ¥45,953,545.51, a decline from a net inflow of ¥79,493,150.27 in the previous year[26] - Cash flow from investing activities resulted in a net outflow of ¥88,821,752.04, compared to a larger outflow of ¥324,309,116.48 in Q1 2023[27] - Cash flow from financing activities recorded a net outflow of ¥62,127,178.16, slightly improved from an outflow of ¥65,039,908.72 in the same quarter last year[27] - Total assets at the end of the reporting period were ¥6,813,706,962.35, down 6.27% from ¥7,269,747,626.15 at the end of the previous year[5] - Cash and cash equivalents decreased to CNY 1,310,639,078.61 from CNY 1,464,677,403.80, a decline of 10.5%[20] - The cash and cash equivalents at the end of Q1 2024 were ¥1,193,241,661.88, down from ¥884,448,023.21 at the end of Q1 2023[27] Shareholder Information - Major shareholders include Tan Rongsheng with 12.65% ownership, Tan Wei and Tan Ke each with 11.13% ownership, and other significant shareholders holding between 0.69% to 1.13%[12] - The company repurchased a total of 9,729,600 shares at a total cost of RMB 50,197,723, reducing the total share capital from 1,487,706,540 shares to 1,477,976,940 shares[17] - The company plans to use between RMB 50 million and RMB 100 million for share repurchase, with a maximum price of RMB 8.51 per share[16] - The company has a total of 251,025,428 shares under lock-up due to executive restrictions, set to be released on January 2, 2025[15] - The report indicates that Tan Rongsheng, Tan Wei, and Tan Ke are acting in concert as they are family members and the actual controllers of the company[13] Operational Insights - The company reported a significant increase in credit impairment losses of 102.39% to -¥17,070,665.82, reflecting an increase in bad debt provisions[9] - The company experienced a 39.77% decrease in notes payable to ¥276,179,098.13, attributed to a reduction in bank acceptance notes issued[9] - The company reported a 93.65% increase in trading financial assets to ¥155,139,210.43 due to increased purchases of financial products[9] - The company recorded a 252.10% increase in other income to ¥7,918,202.81, primarily due to increased VAT deductions[9] - Total operating costs decreased to CNY 763,369,263.40 from CNY 822,317,041.53, reflecting a reduction of 7.1%[23] - Research and development expenses increased to CNY 42,616,182.31, up from CNY 37,784,452.47, indicating a growth of 7.0%[23] - The company reported a net profit margin improvement due to reduced operating costs despite lower revenue[23] Future Outlook - Future outlook includes continued investment in R&D to drive innovation and market expansion strategies[23] - The company has not disclosed any new product developments or technological advancements in the current report[13] - The company has not provided specific user data or market expansion strategies in the current report[13] - The company has not reported any changes in the participation of major shareholders in margin trading or securities lending[13] - The company has not identified any other relationships or concerted actions among shareholders beyond the aforementioned family ties[13] - The company’s financial report for Q1 2024 is pending further details in the upcoming financial statements[18]

镇江东方电热科技股份有限公司 证券代码：300217 证券简称：东方电热 公告编号：2024-031 镇江东方电热科技股份有限公司 关于使用部分暂时闲置募集资金进行现金管理的进展公告 本公司及董事会全体成员保证公告内容真实、准确和完整，没有虚假记载、误导性陈述或 重大遗漏。 2023年10月23日，镇江东方电热科技股份有限公司（以下简称：公司）召开第五届董事会 第十七次会议及第五届监事会第十六次会议，分别审议通过了《关于公司使用部分暂时闲置募 集资金进行现金管理的议案》。董事会同意公司在确保不影响募集资金投资项目建设进度的前 提下，使用部分暂时闲置募集资金进行现金管理，资金总额不超过25,000万元（含），用于购 买结构性存款、大额存单等安全性高、流动性好的保本型产品，产品期限不超过一年，以上资 金额度现金管理期限自2023年10月25日起至2024年10月25日止，可以滚动使用。保荐机构东方 证券承销保荐有限公司（以下简称"保荐机构"）出具了同意的核查意见。具体内容详见公司 于2023年10月25日披露在巨潮资讯网上的《关于公司使用部分暂时闲置募集资金进行现金管理 的公告》（公告编号：2023-073)。 ...

Investment Rating - The report assigns an "Increase" rating to the company, indicating an expected price increase of 5% to 15% over the next 6 to 12 months [1][11]. Core Views - The company is positioned as a pioneer in the domestic substitution of pre-plated nickel steel, with expectations for explosive growth in this business segment. The electric heater-related business is also expanding steadily [11]. - The company's net profit for 2023 is projected to be 644 million RMB, with earnings per share (EPS) of 0.433 RMB, reflecting a significant increase from the previous year [11]. - The report highlights a strong performance in the automotive PTC and new energy equipment sectors, with revenue growth driven by increasing demand for new energy vehicles and ongoing project releases [22]. Summary by Relevant Sections Financial Performance - In 2023, the company reported revenue of 4.106 billion RMB, a year-on-year increase of 7.5%, and a net profit of 644 million RMB, up 113% year-on-year. The fourth quarter saw a revenue decline of 24.6% year-on-year [13][22]. - The company’s gross margin improved to 23.6% in 2023, up 3.4 percentage points from the previous year, driven by an improved product mix [22]. Revenue Breakdown - Revenue from various segments in 2023 included: - Home PTC: 1.267 billion RMB (down 3.0%) - Automotive PTC: 297 million RMB (up 22.6%) - New energy equipment: 1.963 billion RMB (up 34.6%) - Optical communication materials: 500 million RMB (down 30.8%) - Lithium battery steel shell: 44 million RMB (down 22.6%) [22]. Profitability Metrics - The report projects the company's net profit for 2024 to be 431 million RMB, with an EPS of 0.292 RMB, and a PE ratio of 16.36 [15]. - The return on equity (ROE) is expected to be 10.00% in 2024, reflecting a strong profitability outlook [15]. Market Position - The company is recognized for its leading position in the pre-plated nickel steel market, with expectations for significant growth as it continues to optimize its product structure and expand its customer base [11][22].

镇江东方电热科技股份有限公司 关于 2023 年度内部控制自我评价报告及相关意见的公告 本公司及董事会全体成员保证公告内容真实、准确和完整，没有虚假记载、误 导性陈述或重大遗漏。 一、2023 年度内部控制自我评价报告 镇江东方电热科技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），结合镇江东方电热科技股份有限公司（以 下简称"公司"或"东方电热"）内部控制制度和评价方法，在内部控制日常监督 和专项监督的基础上，我们对公司 2023 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自我评价。 （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，管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企 ...

东方证券承销保荐有限公司 关于镇江东方电热科技股份有限公司 2023 年度募集资金存放与使用情况的核查意见 东方证券承销保荐有限公司（以下简称"东方投行"或"保荐机构"）作为镇江 东方电热科技股份有限公司（以下简称"东方电热"或"公司"）向特定对象发行股 票的保荐机构，根据《证券发行上市保荐业务管理办法》《深圳证券交易所创业 板股票上市规则（2023 年修订）》《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》等有关法律法规和规范性文件的要求，对东方电 热 2023 年度募集资金的存放与使用情况进行了审阅、核查，具体情况如下： 一、募集资金基本情况 （一）2020 年度向特定对象发行股票情况 二、募集资金的管理和存放情况 公司依照《中华人民共和国公司法》《中华人民共和国证券法》《深圳证券交 易所创业板股票上市规则（2023 年修订）》《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，结合公司实际情况，制 定了《镇江东方电热科技股份有限公司募集资金管理制度》。 经中国证券监督管理委员会《关于同意镇江东方电热科技股份有限公司向特 定对象发行股票注册的批复 ...