Dividend Distribution - The company plans to distribute a cash dividend of 3.37 CNY per 10 shares (including tax) to all shareholders, based on a total share capital of 630,664,402 shares after deducting repurchased shares[4] - The company will distribute a cash dividend of RMB 3.37 per 10 shares, amounting to a total of RMB 212,533,903.47 (including tax) based on a share capital of 630,664,402 shares[190] - The cash dividend distribution plan is consistent with the company's articles of association and has been approved by the shareholders' meeting[189] - The company’s profit distribution plan is fully compliant with relevant regulations and has been transparently communicated to shareholders[189] Financial Performance - The company's operating revenue for 2024 reached ¥27.25 billion, an increase of 16.61% compared to ¥23.36 billion in 2023[21] - Net profit attributable to shareholders for 2024 was ¥707.12 million, up 16.77% from ¥605.55 million in 2023[21] - The net profit after excluding non-recurring gains and losses was ¥607.68 million, reflecting a 17.09% increase from ¥518.99 million in 2023[21] - The total assets at the end of 2024 amounted to ¥21.43 billion, representing a 14.45% growth from ¥18.72 billion at the end of 2023[21] - The total net assets attributable to shareholders increased to ¥7.25 billion in 2024, an 8.90% rise from ¥6.66 billion in 2023[22] - The company reported a negative cash flow from operating activities of ¥444.68 million in 2024, a decline of 146.26% compared to a positive cash flow of ¥961.16 million in 2023[21] - Basic earnings per share for 2024 were ¥1.12, an increase of 15.46% from ¥0.97 in 2023[21] Risk Management - The company emphasizes the importance of risk management and encourages investors to pay attention to potential risks and countermeasures outlined in the report[4] - The company faces macroeconomic risks, particularly related to the automotive industry, which is sensitive to economic fluctuations[131] - The company is exposed to international trade environment risks, including tariff changes and geopolitical barriers that could impact export revenues[132] - The company’s production relies on electrolytic aluminum and recycled aluminum, with prices linked to market fluctuations, which could affect operational costs[133][134] - The company is implementing measures to mitigate foreign exchange risks due to fluctuations in the RMB/USD exchange rate and has subsidiaries in multiple countries[135] Research and Development - The company has established 15 national and provincial-level enterprise technology centers and three international product technology R&D centers in the UK, Sweden, and Thailand, strengthening its R&D capabilities[128] - The company has a research and development team of over 50 members in the functional intermediate alloy new materials sector, maintaining industry-leading product development capabilities[57] - The company has established multiple research platforms, including national and provincial technology innovation centers, to enhance its R&D capabilities[59] - The company has filed for 2 invention patents in collaboration with a thermal management system company, achieving 3 new material results in the development of alternative die-casting alloys[85] Production and Sales - The company produced 2.142 million aluminum alloy wheels, a decrease of 0.48% compared to 2.152 million in the same period last year[48] - Sales volume of aluminum alloy wheels was 2.097 million, down 1.08% from 2.120 million in the previous year[48] - The production of other lightweight aluminum alloy die-cast parts increased by 35.91%, reaching 159,000 units compared to 117,000 units last year[48] - The sales volume of other lightweight aluminum alloy die-cast parts also rose by 37.82%, totaling 150,000 units compared to 109,000 units last year[48] Corporate Governance - The company’s board of directors and management have confirmed the accuracy and completeness of the annual report, taking legal responsibility for its content[4] - The board of directors consists of 7 members, including 3 independent directors, ensuring compliance with governance regulations[144] - The company maintains independence from its controlling shareholder, ensuring no interference in decision-making or operations[143] - The company has established an effective performance evaluation and incentive mechanism for senior management and key personnel, aligning interests with shareholders[147] Market Expansion and Strategy - The company plans to expand its market presence and is focusing on new product development and technological advancements to drive future growth[159] - The company is committed to enhancing its ESG initiatives and has reported on its progress in this area during investor meetings[136] - The company is actively implementing the "Quality Return Dual Improvement" action plan, aimed at enhancing investor confidence and company quality[139] - The company is focusing on cash management using idle funds, which may improve liquidity and operational efficiency[171] Investment and Financial Management - The company has significant restricted assets totaling ¥2,423,261,842.26, primarily due to various pledges and borrowings[99] - The total investment during the reporting period was ¥2,477,402,245.24, a decrease of 3.04% compared to ¥2,555,085,472.36 in the previous year[100] - The company plans to use up to CNY 10,000 million of idle raised funds for cash management, ensuring that it does not affect the normal operation of investment projects[108] - The company has raised 26,980 million for working capital, with an actual investment of 25,916.18 million, achieving 100.35% of the planned investment[114] Employee Management - The total number of employees at the end of the reporting period was 12,032, with 8,546 in production, 250 in sales, and 1,037 in technical roles[181] - The company has implemented a comprehensive salary management system, including base salary, performance pay, and year-end bonuses, to enhance employee satisfaction[182] - The company has zero retired employees requiring financial support, indicating a focus on workforce stability[181] - The company has revised the compensation policies for overseas subsidiaries, enhancing competitiveness in the international market[183]

Core Viewpoint - Multiple listed companies reported that the recent adjustments to U.S. tariffs have limited impact on their operations, with many having minimal direct exposure to the U.S. market [1][2][3][4][5]. Company Summaries - **Lizhong Group (SZ300428)**: The company focuses on functional intermediate alloy new materials, recycled aluminum alloy materials, and aluminum alloy wheels. Its products related to recycled aluminum alloy materials have little to no exports to the U.S., thus not affected by the tariff changes. The company is monitoring policy changes and is proactively adjusting its supply chain and customer negotiations [1]. - **Shenghong Co., Ltd. (SZ300693)**: The company’s direct exports to the U.S. amount to approximately 56 million yuan, representing only 1% to 2% of its total revenue. It has prepared for uncertainties by collaborating with a Malaysian factory for local production, expected to be ready by May 2025 [1]. - **Hudian Co., Ltd. (SZ002463)**: The company’s direct exports to the U.S. account for less than 5% of its revenue, with most products exported to Southeast Asia. It is closely monitoring trade disputes and communicating with customers to find solutions [2]. - **Xizi Clean Energy (SZ002534)**: The company has a small proportion of business related to the U.S. market, focusing mainly on Southeast Asia, the Middle East, and Africa. Its main operations are not significantly impacted by U.S. tariffs [2]. - **Hengshuai Co., Ltd. (SZ300969)**: Direct sales to the U.S. represent about 2.7% of the company’s overall business. The company uses EXW and FOB pricing methods, minimizing the impact of tariff increases. Future strategies will focus on optimizing capacity and development plans [3]. - **Jinfu Technology (SZ003018)**: The company stated that tariff issues will not significantly affect its existing overseas sales regions [5]. - **Weixing Co., Ltd. (SZ002003)**: The company’s international business is primarily in Bangladesh and Vietnam, with a very low percentage of direct exports to the U.S. [5]. - **Hailide (SZ002206)**: The company has established a multi-dimensional response mechanism, including optimizing its production structure in Vietnam and enhancing customer price negotiation strategies [5]. - **Guansheng Co., Ltd. (SH605088)**: The company does not heavily rely on the U.S. market, indicating that the tariff increases will have limited long-term effects [5].

Group 1: Stock Suspension and Resumption - Beizhi Technology plans to acquire 100% of Suzhou Suike Intelligent Technology Co., Ltd., resulting in stock suspension [1] - Taihao Technology intends to issue shares to purchase 27.46% equity of Taihao Military Industry, leading to stock resumption. This acquisition is expected to strengthen the company's industrial layout in the military equipment sector [1] Group 2: Share Buyback - Wanhua Chemical's chairman proposed a share buyback plan ranging from 300 million to 500 million yuan [2] Group 3: Investment Cooperation and Operational Status - Guotai Junan has changed its A-share stock name to Guotai Haitong starting April 11 and has been approved to publicly issue company bonds not exceeding 60 billion yuan to professional investors [3] - Lizhong Group stated that the adjustment of U.S. tariffs will not significantly impact its production and operations [3] - Haoyang Co., Ltd. plans to invest no less than 603 million yuan in the construction of an entertainment equipment industrial base project [4] - Runjian Co., Ltd. is a candidate for the procurement project of comprehensive maintenance for Guangdong Unicom's 5G services, with a total bid scale of 179 million yuan [4] - Samsung Medical's wholly-owned subsidiary, Aix Smart Technology, won a transformer procurement framework project in Hungary, with a total contract amount of 23,840,958.10 euros, approximately 190 million yuan [4] - Nandu Property plans to increase its investment in Hangzhou Yunxiang Robot by 15 million yuan [5] Group 4: Performance Changes - Xiaogoods City reported a net profit of 803 million yuan in Q1, a year-on-year increase of 12.66%, mainly due to a 97 million yuan increase in gross profit from market operations and new businesses [6] - Kidswant expects a Q1 net profit between 29.1471 million and 38.4742 million yuan, a year-on-year increase of 150%-230%, driven by store upgrades, supply chain optimization, and AI development [6] - China CNR anticipates a Q1 net profit between 2.822 billion and 3.226 billion yuan, a year-on-year increase of 180%-220%, due to increased product sales [6] - Yonghe Co., Ltd. expects a Q1 net profit between 91 million and 103 million yuan, a year-on-year increase of 144.49% to 176.74%, attributed to strong demand for refrigerants and fluoropolymer materials [6] - Yinglian Co., Ltd. forecasts a Q1 net profit between 7.5 million and 11 million yuan, a year-on-year increase of 459.28%-720.28%, due to market expansion and improved gross margins [6] - Limin Co., Ltd. expects to achieve a net profit of 100 million to 120 million yuan in Q1 2025, turning a profit due to rising prices and increased sales of its main products [7] - China Aluminum anticipates a Q1 net profit between 3.4 billion and 3.6 billion yuan, a year-on-year increase of 53% to 63%, driven by increased production of major products [8] - Shandong Steel expects a total profit of approximately 15.3 million yuan in Q1 2025, with a net profit of around -1.45 million yuan, significantly reducing losses [8] - COSCO Shipping Holdings expects a Q1 net profit of 11.689 billion yuan, an increase of approximately 73.04% year-on-year [8] - Tiande Yu expects a Q1 net profit of 70.5681 million yuan, a year-on-year increase of 116.96%, driven by new product and market development [8] - Jinaobo expects a Q1 net profit between 33 million and 40 million yuan, a year-on-year increase of 128.18% to 176.59%, due to significant revenue growth in specialized equipment [8]

| | | 公司主营功能中间合金新材料、再生铸造铝合金材料和铝合金车轮产品三大 业务，其中再生铸造铝合金材料、功能中间合金新材料产品因没有或有极少的美 国出口业务，不受本次美国关税调整的影响；部分铝合金车轮产品出口至美国， 公司密切关注相关政策变化，结合全球化产业布局，积极通过供应链调整以及客 户协商等方式主动应对，此次美国关税调整对公司的生产经营不会产生较大的影 响，具体分析如下： 1、中国出口至美国：公司由中国工厂生产出口至美国的铝合金车轮产品较 少，且为 DDU 贸易方式，公司不承担关税，因此对公司暂无影响。 2、泰国出口至美国：公司由泰国工厂生产出口至美国的大部分铝合金车轮 产品为 FCA 贸易方式，即客户从工厂提货即完成交付，关税由客户承担，对公 司暂无影响；少部分铝合金车轮产品因贸易方式由公司承担关税，鉴于近期的国 际贸易政策变化，公司已积极制定供应链调整策略，并与客户持续沟通，该部分 业务对公司的直接影响有限。 3、墨西哥出口至美国：公司由墨西哥工厂生产出口至美国的铝合金车轮产 品，因符合《美墨加贸易协定》（USMCA）可豁免本次关税调整，因此对公司暂 立中四通轻合金集团股份有限公司 关于美国关 ...

据介绍，立中集团跟清华合作，在原来合金基础上进一步开发了高性能的压铸合金，开发出屈服强度达 160-180MPa的高性能压铸铝合金，在保持优异延伸率的同时，导热系数超越特斯拉同类材料。 熊守美表示，需要特别指出的是，立中集团具有压铸铝合金融体健康评估系统及压铸条件下合金流动长 度测试评估技术，开发了一系列具有高流动性的免热处理压铸铝合金、高导热合金、以及可再生低碳的 压铸铝合金，还有可钎焊高强的压铸铝合金，可以满足电动汽车应用的发展需求。 "一体化压铸技术的发展受到压铸合金流动性的限制，而一体化压铸件的结构优化设计可以提高或者是 改善压铸合金的工艺性能。"近日，立中集团（300428.SZ）首席科学家、清华大学教授熊守美在以"夯 实电动化 推进智能化 实现高质量发展"为主题的2025中国电动汽车百人会论坛上如此强调道。 作为全球铝合金材料领航者，立中集团成立四十年来，始终坚持专注、专业、专家的发展理念，以"铝 合金新材料和汽车轻量化零部件全球供应商"为市场定位，公司拥有熔炼设备和车轮模具研发制造，再 生铝资源回收利用，再生铸造铝合金研发制造，功能中间合金新材料研发制造，汽车铝合金车轮及轻量 化底盘零部件设计研 ...

| | | 立中四通轻合金集团股份有限公司 关于"立中转债"2025 年第一季度转股情况的公告 本公司及董事会全体成员保证信息披露内容的真实、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： 根据《深圳证券交易所创业板股票上市规则》《深圳证券交易所可转换公司 债券业务实施细则》的有关规定，立中四通轻合金集团股份有限公司（以下简称 "公司"）现将 2025 年第一季度可转换公司债券（以下简称"可转债"或"立 中转债"）转股及公司股份变动情况公告如下： 一、可转换公司债券发行上市情况 （一）可转债发行情况 经中国证券监督管理委员会《关于同意立中四通轻合金集团股份有限公司向 不特定对象发行可转换公司债券注册的批复》(证监许可〔2023〕1460 号)同意， 立中四通轻合金集团股份有限公司（以下简称"公司"）于 2023 年 7 月 27 日向 不特定对象发行可转换公司债券 899.80 万张，每张面值为人民币 100 元，共计 募集资金 89,980.00 万元，扣除承销保荐费后的余额已由保荐人（主承销商）中 原证券股份有限公司于 2023 年 8 月 2 日汇入公司指定的募集资金专项存储账户。 容诚 ...

| 证券代码：300428 | 证券简称：立中集团 | 公告编号：2025-015 号 | | --- | --- | --- | | 债券代码：123212 | 债券简称：立中转债 | | 立中四通轻合金集团股份有限公司 关于签署战略合作研究意向书的公告 本公司及董事会全体成员保证信息披露内容的真实、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、本次签署的《战略合作研究意向书》为双方合作的框架性协议，后续合 作与项目推进等具体事项尚需双方进一步协商确定，具体合作内容以签订的具体 协议为准。 2、本意向书的签署预计对公司 2025 年度的财务状况和经营成果不构成重大 影响。 3、公司将按照法律法规和《公司章程》的相关规定，对合作后续事项的落 地实施履行相应的审批程序和信息披露义务，敬请广大投资者注意投资风险。 一、战略合作研究意向书的签署概述 2025 年 3 月 13 日，立中四通轻合金集团股份有限公司（以下简称"公司" 或"甲方"）与丰田通商株式会社（以下简称"丰田通商"或"乙方"）签署了 《战略合作研究意向书》，基于双方全球化战略布局，通过结合双方的功能，在 全球范围内以股权合作或 ...

| | | 关于接待投资者调研活动的公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚 假记载、误导性陈述或重大遗漏。 立中四通轻合金集团股份有限公司（以下简称"公司"）于 2025 年 3 月 6 日 以通讯方式接待了机构调研，现将主要情况公告如下: 一、调研情况 1、调研时间：2025 年 3 月 6 日 2、调研形式：线上路演 3、参会人员：立中集团副总裁、董事会秘书李志国；立中集团证券事务代表 冯禹淇。 4、调研机构： 立中四通轻合金集团股份有限公司 2、公司在机器人领域有何布局？ 答：公司深耕铝合金产业 40 年，拥有行业领先的材料研发水平和丰富的材料 技术储备。公司持续关注在机器人领域的产业布局，铝合金作为机器人常用的轻量 化材料，在机器人制造中发挥着优异的轻量化效果，公司现有的高强高屈服免热处 理压铸铝合金、A356 铝合金、6 系和 7 系变形铝合金等产品可用于机器人零部件的 制造。其中，公司的高强高屈服免热处理压铸铝合金正在某欧洲机器人关节转轴上 进行材料验证。 3、公司研发的可钎焊压铸铝合金材料获得了 2024 年扶轮奖的汽车技术创新 突破奖，请介绍一下这个材料的研发背 ...

Financial Performance - In 2024, the company achieved a total revenue of 27.249 billion CNY, representing a year-on-year growth of 16.62% [2] - The net profit attributable to shareholders reached 691 million CNY, a 14.08% increase compared to the previous year [3] - In Q4 2024, the company recorded a revenue of 7.879 billion CNY, marking a quarterly growth of 14.96% and the highest quarterly revenue since its listing [2][3] - The net profit for Q4, excluding equity incentive costs, was 207 million CNY, reflecting a significant 71.2% increase quarter-on-quarter [3] Robotics Sector - The company has a strong focus on the aluminum alloy industry and is exploring applications in robotics, utilizing lightweight aluminum materials for manufacturing robot components [4] - The high-strength, non-heat-treated die-casting aluminum alloy is currently undergoing material validation for use in a European robot joint [4] Automotive Innovations - The company developed a new type of die-casting aluminum alloy suitable for brazing, which won the 2024 Rotary Award for automotive technology innovation [5] - This material addresses issues of high costs and thermal conductivity, making it suitable for automotive thermal management systems [5] Aerospace and Low-altitude Economy - The company produces aerospace-grade special intermediate alloys used in critical components such as aircraft engines and landing gear [7] - New materials developed, including silicon aluminum alloys and 3D printed aluminum alloys, are applicable in aerospace electronic packaging and aircraft components [7] Semiconductor Applications - The company’s aluminum-silicon and aluminum-silicon carbide alloys are designed for semiconductor packaging, already utilized in aerospace electronic systems [8] - The company is involved in investments in semiconductor technology, focusing on third-generation semiconductor materials and applications [8]

Investment Rating - The report maintains a "Strong Buy" rating for the company, expecting it to outperform the benchmark index by over 20% in the next six months [1][18]. Core Insights - The company reported a record high revenue of 27.2 billion yuan for 2024, representing a year-on-year increase of 17%. The net profit attributable to shareholders reached 691 million yuan, up 14% year-on-year, while the net profit excluding non-recurring items was 587 million yuan, reflecting a 13% increase [1][3]. - In Q4 2024, the company achieved revenue of 7.9 billion yuan, a year-on-year increase of 26% and a quarter-on-quarter increase of 15%. The net profit attributable to shareholders for this quarter was 197 million yuan, up 3% year-on-year and 78% quarter-on-quarter, exceeding expectations [1][7]. - The report highlights several factors contributing to the company's strong performance, including improved capacity utilization, reduced foreign exchange losses, and an expanded price differential between domestic and international aluminum prices [7]. Financial Summary - The total revenue for 2023 was 23.37 billion yuan, with projections of 27.25 billion yuan for 2024, 27.77 billion yuan for 2025, and 31.86 billion yuan for 2026. The corresponding year-on-year growth rates are 9.3%, 16.6%, 1.9%, and 14.7% respectively [3][8]. - The net profit attributable to shareholders for 2023 was 606 million yuan, with estimates of 691 million yuan for 2024, 758 million yuan for 2025, and 892 million yuan for 2026, reflecting growth rates of 23.0%, 14.1%, 9.7%, and 17.8% respectively [3][8]. - The report projects earnings per share (EPS) of 0.96 yuan for 2023, increasing to 1.09 yuan in 2024, 1.20 yuan in 2025, and 1.41 yuan in 2026 [3][8]. Investment Recommendations - The report suggests that despite previous pressures on performance due to capacity ramp-up and foreign exchange factors, the company's Q4 results indicate a recovery and improvement in performance. The net profit forecasts for 2024-2026 have been adjusted to 691 million yuan, 758 million yuan, and 892 million yuan respectively, with corresponding growth rates of 14%, 10%, and 18% [7][8]. - The target price for 2025 is set at 22.2 yuan, based on a price-to-earnings (PE) ratio of 18.6 times [1][7].