请务必阅读正文之后的免责条款部分 | --- | --- | --- | --- | --- | |------------------------------------------------------------------|------------|-------|--------------------------------------------|--------------| | [Table_OtherInfo] [Table_Industry] 模型更新时间： 2024.04.23 | | | [Table_Forcast] 财务预测（单位：百万元） | | | 股票研究 | | | 损益表 营业总收入 | 2022A 1,808 | | | | | 营业成本 | 1,295 | | 可选消费品 | | | | | | | | | 税金及附加 | 18 | | 运输设备业 | | | 销售费用 管理费用 | 10 129 | | | | | EBIT | 254 | | | | | | | | | | | 公允价值变动收益 | 1 | | | | | | | | [Table_Stock ...

司总 评 公 | --- | --- | |-------------------------------------------|------------| | | | | | | | ＃市场 ma 数 rk 据 etData ＃ 市场数据日期 | 2024-04-19 | | 收盘价（元） | 9.23 | | 总股本（百万股） | 481.78 | | | | | 流通股本（百万股） | 463.71 | | 净资产（百万元） | 3797.75 | | 总资产（百万元） | 6441.85 | | 每股净资产(元 ) | 7.54 | | --- | --- | --- | --- | |----------------------------------------------------------------------|----------|--------|----------------------------------------------------------------------------------------------------------------------- ...

参会人员务必注意本次电话会议交流内容仅限参会人员内部参考任何机构或个人不得以任何形式对电话会议任何内容进行泄露或外发请勿以任何方式索要、泄露、散布、转发电话会议纪要任何泄露电话会议纪要等信息的行为均为侵权行为声望洪源研究保留追究泄露转发者法律责任的权利 各位投资者下午好我是圣诞骑士的分析师戴文杰今天我们非常荣幸能够请到京张科技的李董总来和大家一起做一个年报和新的一季报经营情况的一个交流包括对整个2020年做一个展望接下来先有请董总来和大家介绍一下最近公司取得的这样一份成绩单谢谢李董总 各位投资者大家下午好了感谢大家对金端推出的关注然后来参加我们今天这个交流会同时也感谢三万的戴总给我们安排了这一次的交流活动下面我就先把公司2023年度的一些一级情况包括2401季度的一些一级情况先给大家做一个报告2023年就是公司 实行营业收入超过21亿同比增长超过16%虽然我们收入增长但利润还略有下降后面我会把利润下降的原因后面再解释一下然后2023年我们整个产品销售国内的销售 就是67%顶多这个出口占比就是那个占比就是大约在不到33%这个就是整体的增长都符合预期然后按产品机构这边来看就是公司的就是那个GDP也就是超出GDP在 ...

所以我们整体的这个目形看吧就从我们来讲整体的这个质量这个还行但是国内的现在是拿原来一个月也少了一两万套吧评得下来是这样哦了解了解 还有一个问题就是还是关于这个连将这一块的问题因为就是就是就是呢总总就是在参谈会也提到就足迹场确实今年呃整体来说给的一个连将的目标还是比较大的吗8个点是10个点但是我们也普遍说可能今年还是一个正常水平但是我听到的一个呃说法是说可能足迹场他会先按照他们的一个目标然后例如8%然后按照这个目标然后给到我们一个92得对 一个预付款,然后等到后面去持续谈,然后如果谈判落地以后呢,他通过多退少补的方式,然后再做一个历史这种那个那个后面工作吧,那就不清楚,就是我们在那个收入这块确认上面。 我们是按照那个客户那边的一个例如这种九二折然后用款的方式来确认这个收入还说我按照我们自己之前跟客户那边约定好的每年一个正常年降的一个水平有3%这样的一个水平来确认我们的一个当前收入呢第一个啊就是第一个就是目前这么多的客户啊有这么两家因为我都参加过他们那个像一家就是那个 这个这两家都是属于上汽集团的上汽集团的他们是这么在做了上汽集团啊但是这两家占我们的收入比啊很低这两家占我们的收入比啊他还是那个比较低的另外一个呢就 ...

任何机构或个人不得以任何形式对电话会议任何内容进行泄露或外发请勿以任何方式索要、泄露、散布、转发电话会议纪要任何泄露电话会议纪要等信息的行为均为侵权行为申望洪源研究保留追究泄露转发者法律责任的权利 各位投资者下午好我是圣诞汽车的分析师戴文杰今天我们非常荣幸能够请到晶像科技的李董总来和大家一起做一个年报和新的一季报经营情况的一个交流包括对整个2020年做一个展望接下来先有请董总来和大家介绍一下最近公司取得了这样一份成绩单谢谢李董总 各位投资者大家下午好了感谢大家对静端推迟的关注然后来参加我们今天这个交流会同时也感谢三万的戴总给我们安排了这一次的交流活动那下面我就先把就是公司2023年度的一些一级情况包括2401季度的一些一级情况先给大家做一个报告2023年就是公司 就是实行营业收入超过21亿同比增长超过16%虽然我们收入增长了但利润还略有下降后面我会把利润下降的原因后面再解释一下然后2023年我们整个产品销售国内的销售 就是67%顶多这个出口占比就是那个占比的就是大约在不到33%这个就是整体的增长都符合预期然后按产品机构这边来看就是公司的就是那个锥齿内也就是超出锥齿内在我们的收入比就是40%多一点然后总成内的就 ...

注公众号： 精锻科技23年报&24一季报交流240422申万原文 2024年04月22日17:19 发言人100:00 防二道贩子搬运转卖 发言人200:30 好，各位投资者下午好，我是申万汽车的分析师戴文杰。今天我们非常荣幸能够请到金刚科技的董秘董 总来和大家一起做一个年报和新的一季报经营情况的一个交流。包括对整个2024年的做一个展望。接下 来先有请董总来和大家介绍一下，最近公司取得了这样一份成绩单。对，好，谢谢董总。 发言人300:59 好好好给各位投资者，大家下牟好了，感谢大家对于前端科技的关注，来参加我们今天这个交流会，同 时也感谢三方的戴总给我们安排了这一次的交流活动。下面我就先把公司2023年度的一些情况，包括二 是每一季度的一一些一些情况先给大家做一个报告。2023年公司实行营业收入超过21个亿，同比增长 超过16%。 发言人301:38 但虽然我们收入增长了，但利润净利润还略有下降。后面我会把这个利润下降的一个原因后面再解释一 下。然后2023年我们整个产品销售了，国内的销售就是67%点多。这个出口的占比那个占比就是约约不 到33%，这个就是整体的增长都符合预期。然后按产品机构这边来看，公司 ...

Investment Rating - The report assigns an "Accumulate" rating for the company, marking its first coverage [14][30]. Core Insights - The company achieved a revenue of 2.103 billion yuan in 2023, representing a year-on-year growth of 16.3%. However, the net profit attributable to shareholders was 238 million yuan, down 3.9% year-on-year [1][15]. - The company is a leader in the domestic differential assembly and gear sector, actively expanding its product categories to capitalize on the new energy trend. Its main products include differential bevel gears, EDL gears, and differential assemblies, serving major clients such as North American electric vehicle manufacturers and Tier 1 suppliers [4][30]. - The company plans to achieve a revenue growth rate of no less than 25% in 2024, driven by the expansion of its new business lines, including electric motor shafts and lightweight aluminum chassis components [15][30]. Financial Performance Summary - In Q1 2024, the company reported a revenue of 504 million yuan, a year-on-year increase of 12.4%, with a net profit of 47 million yuan, up 1.8% year-on-year [14][28]. - The gross margin for 2023 was 25.63%, down 2.77 percentage points year-on-year, while the expense ratio was 13.13%, a slight decrease of 0.27 percentage points [2][28]. - The company forecasts revenues of 2.453 billion yuan, 2.798 billion yuan, and 3.188 billion yuan for 2024, 2025, and 2026, respectively, with corresponding net profits of 283 million yuan, 357 million yuan, and 427 million yuan [5][30]. Market Position and Future Outlook - The company is positioned as a leader in the differential assembly and gear market, with a strong focus on expanding its product offerings to enhance competitiveness in niche markets [4][30]. - The report highlights the company's strategic initiatives to leverage its forging technology to develop new products, which are expected to strengthen its market position and drive future growth [4][30].

：股市调研 精锻科技23年报及24一季度交流240420国信原文 2024年04月20日 16:49 发言人100:05 一手纟 防二道贩子搬运转卖， 发言人200:34 你好你好，唐总。 发言人100:36 谢谢。 发言人200:39 转卖， 行，那就我们就开始各位投资者大家下午好。首先感谢大家对近代科技的关注，还利用这个休息厅参 加我们一个一期的交流。另外也感谢国兴汽车给我们安排的那这一次的交流。下面说话我就先把公 司2023年度的一些这些情况，包括24个季度的情况给大家先做一个报告。就是230公司的整体的实行营 业收入超过21个亿，同比增长了百分之超过16%。然后虽然收入增长，但我们的净利润还下降了这么一 点点。后续的就是我有我会详细解释一下，我们净利润下降的一个原因。 发言人2 01:43 这个2023年，公司国内的产品销售收入差不多接近14个亿。所以这样的说法就是我们在国内产品销售 占我们整个销售的数额对比接近百分68。然后出口产品销售的大额的收入比就是在32%多一点。然后分 产品的策划，就是公司支持能力产品的销售占营业收入的比例以及40%多一点。然后结合此类的产品占 我们营收的比例不到10%，总成 ...

Financial Performance - The company's operating revenue for 2023 was ¥2,103,386,521.78, representing a 16.32% increase compared to ¥1,808,273,830.62 in 2022[19]. - The net profit attributable to shareholders for 2023 was ¥237,608,208.12, a decrease of 3.94% from ¥247,361,386.18 in the previous year[19]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥206,699,862.99, down 3.78% from ¥214,825,692.79 in 2022[19]. - The net cash flow from operating activities increased by 10.43% to ¥544,741,375.00, compared to ¥493,300,987.49 in 2022[19]. - The total assets at the end of 2023 were ¥6,255,867,583.54, reflecting a 15.65% increase from ¥5,409,094,241.26 at the end of 2022[19]. - The net assets attributable to shareholders increased by 12.15% to ¥3,750,682,309.40, compared to ¥3,344,399,103.75 at the end of 2022[19]. - The basic earnings per share for 2023 were ¥0.4932, a decrease of 5.79% from ¥0.5235 in 2022[19]. - The diluted earnings per share for 2023 were ¥0.4824, down 7.85% from ¥0.5235 in the previous year[19]. - The company reported non-recurring gains totaling 30,908,345.13 yuan, slightly down from 32,535,693.39 yuan in the previous year[25]. - The company raised a total of 980 million yuan through the issuance of convertible bonds, with 568.74 million yuan invested in projects, including 340.39 million yuan for the industrialization of electric drive components for new energy vehicles[57]. Revenue and Sales - The company achieved a revenue of 2,103.39 million yuan, representing a year-on-year growth of 16.32%[45]. - Domestic product sales revenue increased by 18.77%, while export product sales revenue grew by 12.50%[45]. - The sales revenue of products for new energy vehicles accounted for 22.92% of total product sales, an increase of 1.77 percentage points year-on-year[45]. - The revenue from passenger vehicle business (fuel) accounted for 73.76% of total revenue, amounting to 1,551.37 million yuan, with a year-on-year growth of 14.60%[60]. - The revenue from electric vehicle business increased by 26.41% year-on-year, reaching 470.28 million yuan, which is 22.36% of total revenue[60]. - The company reported a quarterly revenue increase, with Q4 2023 revenue reaching ¥597,843,314.63, up from ¥448,140,020.05 in Q1 2023[21]. Production and Operations - In 2023, the company achieved a production volume of 40,814,262 for bevel gears, a 2.94% increase year-on-year, and a sales volume of 40,436,285, up 4.45% from the previous year[35]. - The total assembly category saw a significant production increase of 76.97% to 2,833,898 units, with sales rising 80.67% to 2,702,738 units, driven by growth from major North American clients[35]. - The company launched 41 new product projects during the reporting period, with 35 projects entering mass production, reflecting strong recognition of its R&D capabilities[34]. - The production and sales of other product categories increased by over 30%, attributed to rising market demand and new projects entering mass production[36]. Market and Industry Trends - The automotive manufacturing industry in China experienced a 19.4% increase in investment, contributing to a robust growth environment for the company[28]. - In 2023, China's total automobile production and sales reached 30.16 million and 30.09 million units, respectively, marking a year-on-year growth of 11.6% and 12%[29]. - The market share of new energy vehicles in China reached 31.6%, an increase of 5.9 percentage points compared to the previous year[30]. - New energy vehicles in China reached production and sales of 9.59 million and 9.49 million units, with a year-on-year growth of 35.8% and 37.9%, capturing a market share of 31.6%[94]. Research and Development - The company applied for 9 patents and was granted 21 patents during the reporting period, including 8 invention patents[41]. - R&D investment amounted to ¥108,302,792.82 in 2023, representing 5.15% of operating revenue, a decrease from 5.65% in 2022[70]. - The number of R&D personnel increased to 346 in 2023, up by 1.76% from 340 in 2022, with a notable increase in those under 30 years old by 25%[70]. Corporate Governance - The governance structure of the company is in compliance with relevant regulations, ensuring effective decision-making processes[112]. - The board of directors consists of 7 members, including 3 independent directors, meeting legal and regulatory requirements[115]. - The company maintains independence from its controlling shareholders, with no related party transactions reported during the reporting period[114]. - The company has established a transparent information disclosure system, ensuring timely and accurate communication with investors[119]. - The company actively engages with stakeholders to balance interests and fulfill corporate social responsibilities[118]. Employee Relations and Compensation - The total number of employees at the end of the reporting period is 2,065, including 1,594 at the parent company and 471 at major subsidiaries[143]. - The company has established an employee stock ownership plan, with 5,750,400 shares allocated to 410 middle management and skilled employees, accounting for 1.19% of the total share capital[150]. - The company has a structured remuneration decision process involving the compensation and assessment committee, board approval, and shareholder meeting review[134]. - The company has implemented a performance-based compensation system, linking employee performance evaluations to salary, bonuses, and benefits[144]. Environmental and Social Responsibility - The company has established and effectively implemented an emergency response plan for environmental incidents, with revisions completed in June 2022 and September 2021 for different subsidiaries[164][165]. - The company has conducted annual monitoring of pollutant emissions in compliance with discharge permits, utilizing qualified third-party units for regular testing[166]. - The company has made donations totaling 120,000 yuan to Xuzhou Biotechnology College and 50,000 yuan for the "99 Charity Day" online fundraising event, among other contributions[170]. Future Outlook and Strategy - The company plans to achieve a total revenue growth of no less than 25% in 2024 compared to 2023, despite facing macroeconomic challenges[99]. - The company aims to enhance its competitiveness in the electric drive module differential assembly sector and accelerate market development for electric vehicle components[101]. - The company will focus on strategic mergers and acquisitions to expand market share and develop new emerging industries[98]. - The company plans to complete the first phase of its Thailand factory capacity layout by the end of 2024 to meet market demand in Southeast Asia and North America[102].

江苏太平洋精锻科技股份有限公司 二〇二三年度 审计报告 致同会计师事务所（特殊普通合伙） 目 录 | 审计报告 | 1-6 | | --- | --- | | 合并及公司资产负债表 | 1-2 | | 合并及公司利润表 | 3 | | 合并及公司现金流量表 | 4 | | 合并及公司股东权益变动表 | 5-8 | | 财务报表附注 | 9-106 | 致同会计师事务所（特殊普通合伙） 中国北京朝阳区建国门外大街 22 号 赛特广场 5 层邮编 100004 电话 +86 10 8566 5588 传真 +86 10 8566 5120 www.grantthornton.cn 审计报告 致同审字（2024）第 110A012377 号 江苏太平洋精锻科技股份有限公司全体股东： 一、审计意见 我们审计了江苏太平洋精锻科技股份有限公司（以下简称精锻科技）财 务报表，包括 2023 年 12 月 31 日的合并及公司资产负债表，2023 年度的合并及 公司利润表、合并及公司现金流量表、合并及公司股东权益变动表以及相关 财务报表附注。 我们认为，后附的财务报表在所有重大方面按照企业会计准则的规定编 制，公允反映了江苏 ...