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 | | | | ...

炬华科技：前三季度净利润5.42亿元 同比增长22.47% 财联社10月22日电，炬华科技发布2024年第三季 度报告，前三季度实现营业收入15.46亿元，同比增长23.85%；归属于上市公司股东的净利润5.42亿 元，同比增长22.47%；基本每股收益1.06元。 第三季度实现营业收入5.31亿元，同比增长34.86%；归属于上市公司股东的净利润2.01亿元，同比增长 48.75%。 查看公告原文 ...

Financial Performance - The company's revenue for Q3 2024 reached ¥531,364,496.13, representing a 34.86% increase year-over-year[2] - Net profit attributable to shareholders was ¥200,603,611.45, up 48.75% compared to the same period last year[2] - The net profit after deducting non-recurring gains and losses was ¥196,429,405.42, reflecting a 47.61% increase year-over-year[2] - Total operating revenue for Q3 2024 reached ¥1,546,171,660.26, an increase of 23.9% compared to ¥1,248,392,464.24 in Q3 2023[12] - Net profit for Q3 2024 was ¥540,565,740.67, representing a 21.8% increase from ¥443,579,735.64 in Q3 2023[12] - The total comprehensive income for the third quarter was approximately CNY 540.31 million, compared to CNY 443.58 million in the same period last year, representing an increase of about 21.8%[13] - Basic and diluted earnings per share for the quarter were both CNY 1.06, up from CNY 0.87 in the previous year, indicating a growth of approximately 21.8%[13] - The company reported a total revenue from sales of goods and services of CNY 1.41 billion, compared to CNY 1.07 billion in the previous year, reflecting an increase of about 32.5%[14] Assets and Liabilities - The total assets at the end of the reporting period amounted to ¥4,780,298,740.43, an increase of 8.50% from the end of the previous year[2] - The company's total assets increased to ¥4,780,298,740.43, compared to ¥4,405,690,274.30 at the end of Q3 2023, marking a growth of 8.5%[11] - Current liabilities rose to ¥767,660,159.35, up from ¥690,220,922.92, indicating a 11.2% increase year-over-year[11] - The total liabilities increased to ¥811,862,872.16 from ¥742,765,868.75, reflecting a growth of 9.3% year-over-year[11] - The total equity attributable to shareholders of the parent company increased to ¥3,929,460,922.83, compared to ¥3,616,594,564.45 in the previous year, reflecting an increase of 8.7%[11] Cash Flow - Cash flow from operating activities for the year-to-date was ¥486,933,972.19, showing a significant increase of 73.24%[5] - Cash inflow from operating activities totaled CNY 1.52 billion, an increase from CNY 1.15 billion year-over-year, reflecting a growth of about 32.6%[14] - The net cash flow from operating activities was CNY 486.93 million, compared to CNY 281.08 million in the same period last year, marking an increase of approximately 73.2%[15] - Cash outflow from investing activities was CNY 414.33 million, up from CNY 216.71 million year-over-year, indicating an increase of about 91.1%[15] - The net cash flow from investing activities was negative CNY 314.48 million, worsening from negative CNY 170.70 million in the previous year[15] - Cash and cash equivalents at the end of the period stood at CNY 555.27 million, down from CNY 619.15 million at the end of the previous year, a decrease of approximately 10.3%[15] Shareholder Information - The total number of common shareholders at the end of the reporting period is 25,077[7] - The largest shareholder, Hangzhou Juhua Group Co., Ltd., holds 21.41% of the shares, totaling 109,986,235 shares[7] - The second-largest shareholder, Ding Minhua, holds 11.94% of the shares, totaling 61,327,500 shares[7] - The company has a total of 1,636,222 restricted shares at the end of the period, with 28,125 shares newly restricted[8] - The company has no changes in the top 10 shareholders participating in margin financing and securities lending[8] - The company has no preferred shareholders or changes in preferred shareholder holdings[8] - There are no significant changes in the shareholding structure of the top 10 unrestricted shareholders[8] Other Financial Metrics - The weighted average return on equity was 5.30%, an increase of 3.08% compared to the previous year[2] - The company reported a 969.36% increase in investment income, totaling ¥11,043,729.52 for the first nine months of 2024[5] - The company experienced a 66.51% increase in taxes payable, amounting to ¥40,485,697.60, due to higher corporate income tax provisions[5] - The cash flow from financing activities showed a significant decrease of 204.90%, totaling -¥241,750,666.56, primarily due to increased cash payments for dividends and profit distributions[6] - The company reported a financial income of ¥43,152,725.90, compared to ¥33,088,013.82 in the same quarter last year, an increase of 30.4%[12] - Research and development expenses for Q3 2024 were ¥64,832,207.78, slightly higher than ¥61,846,785.59 in Q3 2023, showing a growth of 4.8%[12] Reporting Information - The company has not undergone an audit for the third quarter report[17] - The report was released on October 23, 2024, by the company's board of directors[17]

证券代码：300360 证券简称：炬华科技 公告编号：2024-061 杭州炬华科技股份有限公司 一、2024 年三季度利润分配方案 根据公司 2024 年三季度财务报告（未经审计），公司 2024 年前三季度实现 营业收入 1,546,171,660.26 元，归属于母公司股东的净利润 541,683,634.28 元。截至 2024 年 9 月 30 日，合并报表可供分配的利润为 2,734,071,987.18 元， 母公司报表可供分配的利润为 2,297,629,589.15 元。根据 2023 年度股东大会授 权：在公司 2024 年前三季度归属于母公司股东的净利润金额大于拟分配金额的 前提下，以每 10 股派发现金红利 2.00 元（含税）为上限，向全体股东派发现金 红利。公司拟定 2024 三季度利润分配方案如下： 为了增强分红稳定性、持续性和可预期性，推动一年多次分红、春节前分红， 更好地回报投资者分享公司成长红利，按照《上市公司监管指引第 3 号——上市 公司现金分红（2023 年修订）》《上市公司章程指引》等鼓励上市公司在符合 利润分配的条件下增加现金分红频次规定，根据公司目前经营情况，公 ...

上海市锦天城律师事务所 关于杭州炬华科技股份有限公司 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及作废处理部 分限制性股票事项的 法律意见书 地址：上海市浦东新区银城中路 501 号上海中心大厦 11/12 楼 电话：021-20511000 传真：021-20511999 邮编：200120 上海市锦天城律师事务所 法律意见书 上海市锦天城律师事务所 关于杭州炬华科技股份有限公司 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 及作废处理部分限制性股票事项的 法律意见书 致：杭州炬华科技股份有限公司 上海市锦天城律师事务所（以下简称"锦天城"或"本所"）接受杭州炬华 科技股份有限公司（以下简称"公司"或"炬华科技"）的委托，担任公司"2022 年限制性股票激励计划"（以下简称"本次激励计划"）的专项法律顾问，根据 《中华人民共和国公司法》（以下简称"《公司法》"）、《中华人民共和国证 券法》（以下简称"《证券法》"）、《上市公司股权激励管理办法》（以下简 称"《激励管理办法》"或《管理办法》）、《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 ...