证券代码：300360 证券简称：炬华科技 公告编号：2024-073 杭州炬华科技股份有限公司 关于注销湖州炬华粟丰创业投资合伙企业（有限合伙）的公告 杭州炬华科技股份有限公司（以下简称"公司"）于 2024 年 12 月 19 日召 开第五届董事会第十四次会议，审议通过了《关于注销湖州炬华粟丰创业投资合 伙企业（有限合伙）的议案》，本次事项不涉及关联交易，亦不构成重大资产重 组，根据《深圳证券交易所创业板股票上市规则》等相关法律法规和《公司章程》 的有关规定，本次事项在公司董事会审批权限范围内，无需提交公司股东大会审 议。具体情况如下： 一、对外投资概述 2021 年 1 月 8 日，公司召开了第四届董事会第十二次会议，会议审议通过 了《关于发起设立产业并购基金的议案》，同意公司与浙江慧远投资管理有限公 司共同发起设立湖州炬华粟丰创业投资合伙企业（有限合伙）。具体内容详见公 司于 2021 年 1 月 9 日在巨潮资讯网（www.cninfo.com.cn）披露的《关于发起设 立产业并购基金的公告》（公告编号：2021-003）。 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、 ...

证券代码：300360 证券简称：炬华科技 公告编号：2024-069 杭州炬华科技股份有限公司 2024 年三季度权益分派实施公告 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。 杭州炬华科技股份有限公司（以下简称"公司"）2024 年三季度权益分派 方案已获 2024 年 10 月 22 日召开的第五届董事会第十三次会议审议通过，具体 内容详见 2024 年 10 月 23 日巨潮资讯网（www.cninfo.com.cn）。现将权益分派 事宜公告如下： 一、股东大会及董事会审议通过的权益分派方案情况 1、公司于 2024 年 5 月 9 日召开的 2023 年度股东大会审议通过了《关于公 司 2023 年度利润分配预案及 2024 年内现金分红规划的议案》，授权董事会在满 足条件及派发上限的情况下审议公司 2024 年三季度利润分配方案。公司于 2024 年 10 月 22 日召开的第五届董事会第十三次会议审议通过了《关于公司 2024 年 三季度利润分配方案的议案》。 2、本次利润分配方案披露至实施期间，因公司 2022 年限制性股票激励计划 预留授予 ...

证券代码：300360 证券简称：炬华科技 公告编号：2024-068 杭州炬华科技股份有限公司 关于重大经营合同中标的公告 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、中标项目风险提示 1、合同在履行过程中如果遇到不可预计的或不可抗力等因素的影响，有可 能会导致合同无法全部履行或终止的风险。 2、交货时间需根据各地网省公司实际合同要求确定。 三、项目中标的主要内容 3、敬请广大投资者谨慎决策，注意防范投资风险。 二、交易对方情况介绍 基本情况： 招标人：国家电网有限公司 注册资本：82,950,000 万元 法定代表人：张智刚 注册地址：北京市西城区西长安街 86 号 经营范围：输电（有效期至 2026 年 1 月 25 日）；供电（经批准的供电区域）； 对外派遣与其实力、规模、业绩相适应的境外工程所需的劳务人员；实业投资及 经营管理；与电力供应有关的科学研究、技术开发、电力生产调度信息通信、咨 询服务；进出口业务；承包境外工程和境内国际招标工程；上述境外工程所需的 设备、材料出口；在国（境）外举办各类生产性企业。（市场主体依法自主选择 经营项目，开 ...

财联社12月3日电，炬华科技公告，公司收到国家电网有限公司、国网物资有限公司的中标通知书，成 为"国家电网有限公司2024年第八十一批采购（营销项目第三次计量设备招标采购）"的中标单位，共中 10个包，合计总数量66.55万只，总金额2.37亿元。 中标产品包括A级单相智能电能表、B级三相智能电能表、C级三相智能电能表、集中器及采集器和专 变采集终端。 相关合同预计在30日内签订，履行期限以具体签订的合同为准。 本次中标将对公司2024年及2025年经营工作和经营业绩产生积极影响。 ...

一、预中标项目的主要内容 公司本次预中标项目为国家电网有限公司 2024 年第八十一批采购（营销项 目第三次计量设备招标采购）（招标编号：0711-240TL12922023），该项目由国 家电网有限公司委托国网物资有限公司为招标代理机构，采用公开招标方式进行。 根据推荐的中标候选人公示的内容：公司本次预中标共 10 个包，合计总数 量为 665,500 只，总金额约 23,739.050569 万元。其中：A 级单相智能电能表中 标数量为 475,000 只，金额为 9,269.269640 万元；B 级三相智能电能表中标数 量为 119,500 只，金额为 5,161.577275 万元；C 级三相智能电能表中标数量为 23,000 只，金额为 854.993030 万元；集中器及采集器中标数量为 22,000 只， 金额为 3,350.481640 万元；专变采集终端中标数量为 26,000 只，金额为 5,102.728984 万元。 本次预中标公示媒体是国家电网有限公司电子商务平台，招标人为国家电网 有限公司，其他详细内容请查看国家电网有限公司电子商务平台：国家电网有限 公司 2024 年第八十一批 ...

证券代码：300360 证券简称：炬华科技 公告编号：2024-066 杭州炬华科技股份有限公司 关于公司 2022 年限制性股票激励计划 预留授予部分第二个归属期归属结果暨股份上市的公告 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。 重要内容提示： 杭州炬华科技股份有限公司（以下简称"公司"或"炬华科技"）于 2024 年 10 月 22 日召开了第五届董事会第十三次会议和第五届监事会第十一次会议， 审议通过了《关于公司 2022 年限制性股票激励计划预留授予部分第二个归属期 归属条件成就的议案》。 截至本公告披露日，关于《2022 年限制性股票激励计划（草案）》（以下 简称"《激励计划》"或"本激励计划"）涉及的第二类限制性股票归属事项， 公司已在中国证券登记结算有限责任公司深圳分公司办理完成了本次股份归属 及上市的相关手续。现将有关情况公告如下： 一、股权激励计划实施情况概要 （一）本次限制性股票激励计划的主要内容 1、股权激励方式：第二类限制性股票 2、标的股票来源：本激励计划所涉及的第二类限制性股票来源为公司向激 励对象定向发行的炬华科技 A 股普 ...

Investment Rating - The report maintains a "Buy" rating for the company, indicating an expected relative price increase of over 15% compared to the CSI 300 index in the next six months [6][7]. Core Views - The company has demonstrated rapid revenue growth, with a 23.85% year-on-year increase in revenue for the first three quarters of 2024, reaching 1.546 billion [2]. - The net profit attributable to shareholders for the same period increased by 22.47% year-on-year, amounting to 542 million [2]. - The company is expected to continue benefiting from a robust domestic and international smart meter market, leading to stable growth in performance [2]. Financial Performance Summary - For the first three quarters of 2024, the company reported a revenue of 1.546 billion, a year-on-year increase of 23.85%, and a net profit of 542 million, up 22.47% [2]. - In Q3 2024, revenue reached 531 million, reflecting a year-on-year growth of 34.86% but a quarter-on-quarter decline of 2.90% [2]. - The gross margin for the first three quarters of 2024 was 47.96%, an increase of 4.09 percentage points year-on-year, while the net margin was 34.96%, a slight decrease of 0.57 percentage points [2]. Market Outlook - The State Grid's bidding for metering devices is expected to grow rapidly, with a total of 91.98 million devices expected to be bid in 2024, a year-on-year increase of 25.3% [2]. - The company secured a bid amount of 120 million in the second round of State Grid metering devices, achieving a market share of 2.66%, which is an increase of 1.35 percentage points [2]. - The company is projected to achieve stable orders from State Grid and expand its overseas market presence, contributing to continued rapid growth in performance [2]. Earnings Forecast - The company’s revenue is forecasted to reach 2.231 billion in 2024, with a year-on-year growth rate of 25.93% [3]. - Net profit is expected to be 661 million in 2024, reflecting an 8.83% year-on-year increase [3]. - The earnings per share (EPS) are projected to be 1.29 in 2024, with a corresponding price-to-earnings (PE) ratio of 13.49 [3].

Investment Rating - The report maintains an "Outperform" rating for the company, with a target price of RMB 24.30 based on a PE of 18X for 2024 [4][10]. Core Insights - The company experienced rapid growth in Q3 2024, with revenue increasing by 34.86% year-on-year and net profit attributable to shareholders rising by 48.75% [9][10]. - The smart meter industry is in an upgrade and replacement phase, with the State Grid's bidding volume for smart meters expected to increase by 25% year-on-year in 2024, indicating strong market demand [2][10]. - The company is leveraging its position as a major supplier to the State Grid and Southern Grid, while also expanding its overseas market presence in smart metering and collection systems [2][10]. Summary by Sections Financial Performance - In the first three quarters of 2024, the company achieved revenue of RMB 1.55 billion, a year-on-year increase of 23.85%, and a net profit of RMB 542 million, up 22.47% [9][10]. - The gross profit margin for the first three quarters was 47.96%, an increase of 4.09 percentage points year-on-year [9]. - The period expense rate decreased to 6.96%, with reductions in sales, management, and financial expense rates [9][10]. Quarterly Analysis - For Q3 2024, revenue was RMB 531 million, reflecting a 34.86% year-on-year growth, while the gross profit margin was 48.36% [9][10]. - The net profit for Q3 was RMB 201 million, marking a 48.75% increase year-on-year, attributed to a rise in gross profit margin and a decrease in period expense rate [9][10]. Future Projections - The company forecasts net profits of RMB 696 million, RMB 800 million, and RMB 921 million for 2024, 2025, and 2026 respectively, with corresponding EPS of RMB 1.35, RMB 1.56, and RMB 1.79 [4][10]. - Revenue projections for the next three years are RMB 2.06 billion in 2024, RMB 2.35 billion in 2025, and RMB 2.69 billion in 2026, with expected growth rates of 16.5% and 14.1% in subsequent years [3][4][10].

Investment Rating - The investment rating for the company is "Outperform the Market" [2] Core Views - The company has experienced rapid revenue growth in the first three quarters of 2024, with a year-on-year increase of 23.85%, and a net profit attributable to shareholders growing by 22.47% [6][9] - The company is benefiting significantly from the upgrade and replacement cycle in the smart meter industry, with a 25% year-on-year increase in the bidding volume for smart meters by the State Grid in 2024 [6][7] Financial Performance Summary - For the first three quarters of 2024, the company achieved revenue of 1.546 billion yuan, a 23.85% increase year-on-year, with a comprehensive gross margin of 47.96%, up 4.09 percentage points [6] - The net profit attributable to shareholders for the same period was 542 million yuan, reflecting a 22.47% year-on-year growth, while the net profit excluding non-recurring items was 563 million yuan, up 44.28% [6] - In Q3 2024, the company reported revenue of 531 million yuan, a 34.86% increase year-on-year, and a net profit of 201 million yuan, which is a 48.75% increase year-on-year [6][10] Expense Ratios - The company's expense ratio for the first three quarters of 2024 was 6.96%, a decrease of 2.76 percentage points year-on-year, with reductions in sales, management, financial, and R&D expense ratios [6] - In Q3 2024, the expense ratio was 8.10%, down 1.32 percentage points year-on-year, with specific decreases in sales and management expense ratios [6][10] Future Projections - The company is expected to maintain a leading market share in the smart meter sector and is projected to achieve net profits of 696 million yuan, 800 million yuan, and 921 million yuan for 2024, 2025, and 2026 respectively, with corresponding EPS of 1.35 yuan, 1.56 yuan, and 1.79 yuan [9][12] - The estimated revenue for 2024 is projected to be 2.063 billion yuan, reflecting a year-on-year growth of 16.5% [12] Valuation - The company is assigned a PE ratio of 15-18x for 2024, with a reasonable valuation range of 20.25 yuan to 24.30 yuan [9]

编号：2024-004 证券代码：300360 证券简称：炬华科技 杭州炬华科技股份有限公司投资者关系活动记录表 | --- | --- | --- | |----------------------------------|------------------------------|------------------------------------------------------------------| | | | | | | □特定对象调研 □分析师会议 | | | 投资者关系活动 | □媒体采访 ■业绩说明会 | | | 类别 | □新闻发布会 □路演活动 | | | | □现场参观 | | | | ■其他（线上电话会议） | | | 参与单位名称及 | | 此次业绩说明会电话会议共有海通证券、海富通基金、华夏基金、 | | 人员姓名 | 详见附件清单。 | 银华基金、广发基金、长盛基金、平安资产等 34 家机构，参会人员 | | 时间 2024 | 年 10 月 23 日 | 15:15 | | | | | | 地点 线上电话会议 上市公司接待人 | 董事会秘书 戴晓华 | | | | ...