Financial Performance - The company's revenue for Q1 2025 was ¥499,511,135.68, representing a 31.27% increase compared to ¥380,528,543.05 in the same period last year[5] - Net profit attributable to shareholders decreased by 89.24% to ¥2,344,607.61 from ¥21,783,565.91 year-on-year[5] - Basic and diluted earnings per share fell by 85.71% to ¥0.01 from ¥0.07 in the same period last year[5] - Net profit for the current period was ¥1,140,267.81, a significant decrease of 94.4% from ¥20,400,349.81 in the previous period[20] - Earnings attributable to the parent company were ¥2,344,607.61, down 89.3% from ¥21,783,565.91 in the previous period[20] Cash Flow - The net cash flow from operating activities was negative at -¥74,280,768.06, a decline of 80.37% compared to -¥41,182,732.21 in the previous year[5] - Cash inflow from operating activities totaled ¥512,074,775.10, compared to ¥492,453,154.27 in the previous period, reflecting a 4% increase[22] - Net cash flow from investing activities was -$65.13 million, compared to -$22.14 million in the previous period, indicating a significant increase in cash outflow[23] - Cash inflow from financing activities totaled $64.81 million, a substantial increase from $8.39 million year-over-year[23] - Net cash flow from financing activities was $49.75 million, contrasting with a net outflow of -$41.99 million in the previous period, showing a strong recovery[23] Assets and Liabilities - Total assets increased by 1.23% to ¥3,251,685,706.01 from ¥3,212,095,668.71 at the end of the previous year[5] - Current assets totaled CNY 2,704,411,535.03, an increase from CNY 2,662,019,124.20 at the beginning of the period, reflecting a growth of approximately 1.8%[17] - Total liabilities amounted to CNY 1,411,146,942.78, slightly up from CNY 1,399,166,884.51, indicating a growth of about 0.1%[18] - Non-current assets totaled CNY 547,274,170.98, a slight decrease from CNY 550,076,544.51, reflecting a decline of approximately 0.5%[18] Shareholder Information - The total number of common stock shareholders at the end of the reporting period is 20,930[11] - The largest shareholder, Kong Xiangzhou, holds 16.22% of shares, totaling 51,616,220 shares[11] - The top 10 shareholders hold a combined total of 36.68 million shares, representing 11.53% of the total shares[11] - The shareholder with the highest pledge status is Wen Guowang, with 1,883,000 shares pledged[11] Project and Contract Information - The company has a total contract amount of 60.14 billion RMB, with 16.12 billion RMB in domestic contracts and 44.02 billion RMB in overseas contracts[13] - There are 27 projects with a completion rate above 50%, with the highest being EEP_Braunschweig at 89.52%[13] - The company has initiated several projects, including the Beijing 22 Line ISCS and the Tianjin 8 Line ISCS, which are currently in various stages of progress[13] - The company has ongoing supply phases for multiple projects, including the Tianjin Z4 LTE and the Beijing 12 Line TIAS[13] Accounting and Compliance - The company did not undergo an audit for the first quarter report, which may affect the perception of financial reliability[24] - The company will implement new accounting standards starting in 2025, which may impact future financial reporting[24]

Financial Performance - The company's operating revenue for 2024 reached ¥2,212,161,090.62, representing a 10.57% increase compared to ¥2,000,736,647.26 in 2023[18]. - Net profit attributable to shareholders decreased by 2.51% to ¥93,892,440.34 in 2024 from ¥96,307,273.67 in 2023[18]. - The net profit after deducting non-recurring gains and losses was ¥74,274,272.36, down 13.82% from ¥86,181,840.62 in the previous year[18]. - The net cash flow from operating activities increased by 15.87% to ¥251,562,442.24, compared to ¥217,111,155.99 in 2023[18]. - Basic earnings per share decreased by 3.23% to ¥0.30 in 2024, down from ¥0.31 in 2023[18]. - Total assets at the end of 2024 were ¥3,212,095,668.71, a 3.62% increase from ¥3,099,732,593.89 at the end of 2023[18]. - The weighted average return on equity was 5.25%, down from 5.77% in 2023[18]. Revenue Breakdown - Revenue from the railway sector amounted to ¥1,517,701,924.35, accounting for 68.61% of total revenue, with a growth of 7.00% compared to the previous year[67]. - The urban rail transit sector generated ¥683,038,873.88, which is 30.88% of total revenue, showing an 18.74% increase year-on-year[67]. - The power supply and automation systems contributed ¥737,611,195.33, making up 33.34% of total revenue, with a slight increase of 0.33% from the previous year[68]. - The comprehensive monitoring and security for rail transit saw a significant growth of 140.22%, reaching ¥216,386,579.57, with a gross margin of 44.59%[68]. - Domestic revenue was ¥600,564,763.44, representing 27.15% of total revenue, with an 8.92% increase year-on-year[67]. - International revenue reached ¥1,611,596,327.18, accounting for 72.85% of total revenue, with an 11.19% increase compared to the previous year[67]. Investment and R&D - The total research and development expenses were ¥108,324,185.49, reflecting an 8.09% increase compared to the previous year[75]. - The total number of R&D personnel increased by 21.74% to 364 in 2024, with the proportion of R&D staff rising to 23.17% of the total workforce[80]. - R&D expenditure reached CNY 108,324,185.49 in 2024, accounting for 4.90% of total revenue, slightly down from 5.01% in 2023[80]. - The company is focusing on developing an intelligent energy management system that integrates renewable energy sources, enhancing operational efficiency and safety[79]. - The company is advancing the development of a new generation of energy routers, which will fill a technological gap in the domestic flexible DC power supply market[80]. Market Position and Strategy - The company has participated in over 100 conventional railway construction projects, 70 high-speed railway projects, and 170 urban rail transit projects, establishing a leading market position in China[39]. - The company’s subsidiary in Germany, RPS, holds a leading position in the rail transit power supply and contact network business in Europe, Asia, North America, and Australia[34]. - The company aims to enhance railway service quality and operational efficiency significantly by 2027, as outlined in the recent implementation plan[96]. - The urban rail transit sector is transitioning towards smart and green technologies, driven by increasing demand in second and third-tier cities[96]. - The company plans to expand its market presence in Southeast Asia, targeting a market share increase of 10% within the next two years[131]. Governance and Management - The company has established a governance structure that complies with relevant laws and regulations, ensuring effective decision-making and oversight[116]. - The company maintains independence from its controlling shareholders in terms of operations, personnel, assets, and finances[118]. - The company has a structured remuneration decision process involving the compensation committee and board approval[137]. - The company has a structured approach to profit distribution, ensuring that independent directors and external supervisors' opinions are considered in the decision-making process[153]. - The company has established a comprehensive internal control system, including governance structures and management procedures, to ensure compliance with laws and regulations[166]. Risks and Challenges - The company faces potential risks from adjustments in industrial policies that could impact its business development and operations[106]. - The company is experiencing intensified market competition, which may lead to a loss of customer resources and market share if it fails to innovate[109]. - The accounts receivable may increase with business expansion, posing a risk of bad debt losses if economic conditions or client situations change[112]. - The company faces risks of rising human resource costs due to the need for experienced talent and increasing industry competition, which may impact future operating performance[107]. Future Outlook - The company has set a future outlook with a revenue guidance of 1.8 billion for the next fiscal year, which would imply a growth rate of 20%[129]. - The company plans to invest raised funds into product system upgrades, R&D center construction, and debt repayment, aiming to enhance technical capabilities and production scale[184]. - The company aims to maintain and develop its existing business while expanding into new markets to bolster overall competitiveness[184]. - The company will accelerate the implementation of fundraising projects to enhance investment returns[184]. Shareholder Engagement - The annual shareholders meeting had a participation rate of 36.68% on May 17, 2024[120]. - The first extraordinary shareholders meeting had a participation rate of 22.47% on September 23, 2024[120]. - The company is committed to maintaining transparency and shareholder engagement through regular meetings and disclosures[120]. - The profit distribution policy mandates that cash dividends must be at least 10% of the distributable profits if cash flow is sufficient, with a focus on providing reasonable returns to investors[154].

证券代码：300407 证券简称：凯发电气 公告编号：2025-002 天津凯发电气股份有限公司 关于提请股东大会授权董事会全权办理本次以 简易程序向特定对象发行股票相关事宜的公告 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。 天津凯发电气股份有限公司（以下简称"公司"）第六届董事会第十二次会 议（以下简称"本次会议"）审议通过了《关于提请股东大会授权董事会全权办 理本次以简易程序向特定对象发行股票相关事宜的议案》。 根据《上市公司证券发行注册管理办法》《深圳证券交易所上市公司证券发 行上市审核规则》《深圳证券交易所上市公司证券发行与承销业务实施细则》等 相关规定，公司董事会提请股东大会授权董事会决定向特定对象发行融资总额不 超过人民币 3 亿元且不超过最近一年末净资产 20%的股票，授权期限为 2024 年 年度股东大会通过之日起至 2025 年度股东大会召开之日止。本次授权事宜包括 但不限于以下内容： （一）确认公司是否符合以简易程序向特定对象发行股票的条件 本次发行股票所有发行对象均以现金方式认购。 3、定价原则、发行价格和发行数量 本次发行股票的发行 ...

Financial Performance - Total operating revenue for 2024 reached RMB 2,221.62 million, an increase of 10.57% compared to the previous year[4] - Operating profit was RMB 118.43 million, up 6.57% year-on-year[4] - Net profit attributable to shareholders decreased by 0.65% to RMB 95.68 million[4] - Net profit after deducting non-recurring gains and losses was RMB 76.07 million, down 11.74% from the previous year[4] - Earnings per share decreased by 3.23% to RMB 0.30[4] - The weighted average return on net assets was 5.35%, down from 5.77% in the previous year[4] Assets and Equity - Total assets at the end of the reporting period were RMB 3,213.88 million, a growth of 3.68% from the beginning of the period[4] - Shareholders' equity attributable to the company was RMB 1,797.04 million, an increase of 0.89%[4] Non-Recurring Items - Non-recurring gains and losses amounted to RMB 19.62 million, an increase of approximately RMB 9.49 million year-on-year[7] Future Plans - The company has not yet discussed the profit distribution plan for 2024[8]

证券代码：300407 证券简称：凯发电气 公告编号：2024-069 天津凯发电气股份有限公司 关于持股 5%以上股东持股变动的提示性公告 持股 5%以上的股东孔祥洲、王伟保证向公司提供的信息内容真实、准确、 完整，没有虚假记载、误导性陈述或重大遗漏。 本公司及董事会全体成员保证公告内容与信息披露义务人提供的信息一 致。 重要内容提示： 2、本次拟通过协议转让的方式转让的股份数量占公司总股份的 5.32%，若 本次交易最终完成，淮安中特将成为公司持股 5%以上的股东，淮安中特承诺将 遵守各项法律法规及中国证监会、深圳证券交易所关于股东减持限制、信息披露、 减持额度的规定。 3、本次协议转让的转让方不存在因本次协议转让而违反其此前作出的承诺 的情形。 4、本次权益变动属于协议转让，不触及要约收购，转让方与受让方之间不 存在关联关系，不涉及关联交易。 5、本次权益变动后，孔祥洲先生持有公司股份数量为 41,116,220 股，持股 比例为 13.04%，仍为公司实际控制人。本次权益变动不会导致公司控股股东及 实际控制人发生变化。 6、本次协议转让股份事项尚需经深圳证券交易所进行合规性确认后方能在 1 中国证券登 ...

信息披露义务人名称：淮安中特智慧能源合伙企业（有限合伙） 住所/通讯地址：江苏省淮安市淮阴区西安路 662 号北楼 309 室 股份变动性质：股份增加、持股比例上升（协议转让方式） 签署日期：二〇二四年十二月二十七日 信息披露义务人声明 天津凯发电气股份有限公司 简式权益变动报告书 上市公司名称：天津凯发电气股份有限公司 股票上市地点：深圳证券交易所 股票简称：凯发电气 股票代码：300407 一、本报告书系信息披露义务人根据《中华人民共和国公司法》《中华人 民共和国证券法》《上市公司收购管理办法》《公开发行证券的公司信息披露 内容与格式准则第 15 号——权益变动报告书》及相关的法律、法规和部门规章 的有关规定编制。 二、信息披露义务人签署本报告书已获得必要的授权和批准，其履行亦不 违反信息披露义务人公司章程或内部规则中的任何条款，或与之相冲突。 三、依据《中华人民共和国证券法》《上市公司收购管理办法》《公开发 行证券的公司信息披露内容与格式准则第 15 号——权益变动报告书》的规定， 本报告书已全面披露了信息披露义务人在天津凯发电气股份有限公司拥有权益 的股份变动情况。 截至本报告书签署日，除本报告书披露 ...

天津凯发电气股份有限公司 简式权益变动报告书（二） 上市公司名称：天津凯发电气股份有限公司 股票上市地点：深圳证券交易所 股票简称：凯发电气 股票代码：300407 信息披露义务人：王伟 通讯地址：天津滨海高新技术产业开发区华苑产业区（环外）海泰发 展二路 15 号 股份变动性质：股份减少、持股比例下降（协议转让方式） 签署日期：二〇二四年十二月二十七日 信息披露义务人声明 一、本报告书系信息披露义务人根据《中华人民共和国公司法》《中华人 民共和国证券法》《上市公司收购管理办法》《公开发行证券的公司信息披露 内容与格式准则第 15 号——权益变动报告书》及相关的法律、法规和部门规章 的有关规定编制。 1 | | | | 释义 3 | | --- | | 第一节 信息披露义务人介绍 4 | | 第二节 权益变动目的及持股计划 5 | | 第三节 权益变动方式 6 | | 第四节 前六个月内买卖上市交易股份的情况 9 | | 第五节 其他重大事项 10 | | 第六节 备查文件 11 | | 信息披露义务人声明 12 | | 附表：简式权益变动报告书 13 | 释义 除非文义另有所指，下列简称在本报告书中具有以下 ...

北京中伦文德（天津）律师事务所 北京中伦文德（天津）律师事务所（以下简称"本所"）接受天津凯发电 气股份有限公司（以下简称"凯发电气"或"公司"）的委托，担任公司第二 期限制性股票激励计划（以下简称"本次激励计划"）的特聘专项法律顾问。 本所律师根据《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"《管理办法》"）、《深圳证券交易所创业板股票上市 规则》（以下简称"《上市规则》"）、《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》（以下简称"《自律监管指南第 1 号》"） 等法律、法规、规章的有关规定，并结合《天津凯发电气股份有限公司第二期 限制性股票激励计划（草案）》（以下简称"《激励计划（草案）》"或"本 次激励计划"），就本次激励计划授予（以下简称"本次授予"）出具本法律 意见书。 关于 天津凯发电气股份有限公司 第二期限制性股票激励计划授予事项之 法律意见书 二〇二四年十一月 北京中伦文德（天津）律师事务所 关于天津凯发电气股份有限公司 第二期限制性股票激励计划授予事项之 法律意见书 ...

证券代码：300407 证券简称：凯发电气 公告编号：2024-066 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。 天津凯发电气股份有限公司（以下简称"公司"）第六届董事会第十一次会议 （以下简称"本次会议"）于 2024 年 11 月 20 日以现场结合通讯方式召开。本次 会议由董事长孔祥洲先生主持，应出席董事 9 人，实际亲自出席董事 9 人，独立 董事徐泓、方攸同、周水华，董事肖勇、张世虎、王勇以通讯方式参会。监事会 主席、董事会秘书及财务负责人 3 人列席会议。 本次会议通知已于 2024 年 11 月 18 日以电子邮件方式送达全体董事。会议 召开符合《中华人民共和国公司法》、《公司章程》等相关法律法规的规定，会议 召开合法、有效。经董事认真审议，通过如下决议： 天津凯发电气股份有限公司 第六届董事会第十一次会议决议公告 一、审议通过《关于向激励对象授予限制性股票的议案》 根据《上市公司股权激励管理办法》、《天津凯发电气股份有限公司第二期限 制性股票激励计划（草案）》等相关规定，并经公司 2024 年第一次临时股东大会 的授权，董事会认为公司第二 ...

证券代码：300407 证券简称：凯发电气 公告编号：2024-067 天津凯发电气股份有限公司 第六届监事会第十次会议决议公告 本公司及监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。 天津凯发电气股份有限公司（以下简称"公司"）第六届监事会第十次会议（以 下简称"本次会议"）于 2024 年 11 月 20 日以现场会议方式召开。本次会议由监 事会主席赵勤女士主持，应出席监事 3 人，实际出席监事 3 人。本次会议通知已 于 2024 年 11 月 18 日以电子邮件方式送达全体监事。会议召开符合《中华人民 共和国公司法》、《公司章程》等相关法律法规的规定，会议召开合法、有效。经 监事认真审议，通过如下决议： 1、第六届监事会第十次会议决议。 一、审议通过《关于向激励对象授予限制性股票的议案》 经审核，监事会认为： 1、公司不存在《上市公司股权激励管理办法》规定的禁止实施股权激励计 划的情形，公司具备实施股权激励计划的主体资格。 2、本次授予的激励对象具备《公司法》、《证券法》等法律、法规和规范性 文件以及《公司章程》规定的任职资格，符合《上市公司股权激励管理办法》 ...