Financial Performance - In Q3, the company's operating revenue increased by 11.45% year-on-year [1] - The net profit attributable to shareholders grew by 11.94% year-on-year [1] - For the first three quarters, operating revenue rose by 15.56% year-on-year, while net profit attributable to shareholders increased by 9.15% year-on-year [1] Business Segments - The mechanical sealing segment saw both incremental and existing business revenue growth in Q3, with incremental business accounting for approximately 55% of total revenue [2] - The rubber and plastic sealing segment experienced significant revenue growth in Q3, primarily due to the consolidation of KS GmbH, contributing over 20 million yuan in revenue [2] Market Outlook - The company anticipates that incremental business revenue will maintain certain growth despite intensified competition and macroeconomic pressures [2] - The management team remains confident in achieving the initial budget targets for the year, despite existing pressures [2] Acquisition Strategy - The company has acquired 70% of KS GmbH, a leading producer of resin-based materials, with the remaining 30% expected to be finalized next year [2][3] - The acquisition aims to enhance the upstream supply chain and expand international business [2] - The company emphasizes the importance of deep integration post-acquisition to maximize the benefits of the acquisition [3]

Investment Rating - The report maintains a "Buy" rating for the company [1] Core Views - The company reported a revenue of 1.14 billion yuan for the first three quarters of 2024, representing a year-on-year growth of 15.6%. The net profit attributable to the parent company was 270 million yuan, up 9.2% year-on-year. In the third quarter alone, revenue reached 420 million yuan, with a year-on-year increase of 11.5% and a quarter-on-quarter increase of 8.1%. The net profit for the third quarter was 100 million yuan, reflecting a year-on-year growth of 11.9% and a quarter-on-quarter growth of 7.7% [1][2] Summary by Sections Financial Performance - The comprehensive gross margin for the first three quarters was 47.6%, down 2.6 percentage points year-on-year, primarily due to the company's strategic decision to increase the proportion of incremental business. The net profit margin was 23.8%, a decrease of 1.4 percentage points year-on-year, but the decline was less than that of the gross margin. In the third quarter, the gross margin was 48.4%, down 0.2 percentage points year-on-year but up 2.0 percentage points quarter-on-quarter. The net profit margin was 23.4%, showing a year-on-year increase of 0.2 percentage points and remaining stable quarter-on-quarter [2] Cost Management - The company achieved a significant reduction in the expense ratio, which was 20.1% for the first three quarters, down 2.5 percentage points year-on-year. The management of sales, administrative, research and development, and financial expenses showed good control, with respective year-on-year changes of -0.6, -0.7, -1.2, and 0.0 percentage points [2] Market Strategy - In a shrinking existing market, the company is actively expanding its incremental customer base. The slowdown in capital expenditure in the downstream petrochemical sector has intensified market competition, impacting the company's existing business. However, the company is optimistic about future growth as it converts incremental customers into existing ones, especially with the expected recovery in the petrochemical industry [3] Industry Outlook - The acceleration of equipment upgrades in the petrochemical sector is anticipated to create additional demand for the company. Recent government initiatives aimed at promoting large-scale equipment updates and technological renovations are expected to benefit the company, which is positioned as a leading player in the domestic market [3] Profit Forecast and Investment Advice - The company is projected to achieve net profits of 405 million yuan, 481 million yuan, and 555 million yuan for the years 2024, 2025, and 2026, respectively, corresponding to EPS of 1.94, 2.31, and 2.66 yuan. The forecast indicates a compound annual growth rate of 17% in net profit over the next three years, supporting the "Buy" rating [3][5]

Financial Performance - The company's revenue for Q3 2024 reached ¥418,935,927.25, an increase of 11.45% compared to the same period last year[2] - Net profit attributable to shareholders was ¥97,496,523.61, reflecting a growth of 11.94% year-over-year[2] - The basic earnings per share (EPS) for the period was ¥0.4795, up by 13.04% from the previous year[2] - The total operating revenue for Q3 2024 was CNY 1,142,873,888.05, an increase of approximately 15.5% compared to CNY 989,013,729.46 in the same period last year[27] - The net profit attributable to shareholders of the parent company for Q3 2024 was CNY 270,930,956.08, up from CNY 248,214,829.05 in the previous year, representing an increase of approximately 9.0%[29] - The comprehensive income total for Q3 2024 was CNY 272,316,074.41, compared to CNY 248,495,921.04 in the same quarter last year, indicating a growth of around 9.6%[29] - The basic earnings per share for Q3 2024 was CNY 1.3246, compared to CNY 1.2118 in the previous year, marking an increase of approximately 9.3%[29] Assets and Liabilities - Total assets as of the end of the reporting period amounted to ¥3,203,401,813.43, representing a 5.72% increase from the end of the previous year[2] - The total liabilities as of Q3 2024 were CNY 638,136,236.05, up from CNY 473,705,742.28 in the previous year, reflecting a significant increase of approximately 34.7%[27] - The total equity attributable to shareholders of the parent company was CNY 2,550,422,172.57, slightly down from CNY 2,552,260,505.60 in the previous year[27] - The deferred income tax liabilities increased to CNY 17,086,339.35 from CNY 13,701,294.39, representing a rise of about 24.0%[27] - The total non-current liabilities rose to CNY 28,150,237.08 from CNY 21,296,178.51, indicating an increase of approximately 32.3%[27] Cash Flow - Cash flow from investment activities for the year-to-date was ¥18,621,899.24, a significant improvement of 115.83% compared to the same period last year[7] - The net cash inflow from operating activities was CNY 157,785,477.77, a decrease of 2.3% compared to CNY 162,545,028.20 in the previous year[31] - Total cash inflow from investment activities was CNY 1,571,494,391.62, down from CNY 1,821,395,466.52 year-over-year[31] - The net cash outflow from financing activities was CNY 189,216,717.78, compared to a net outflow of CNY 88,530,939.93 in the same period last year[32] - The cash and cash equivalents at the end of the period amounted to CNY 184,264,182.64, slightly up from CNY 180,006,579.79 in the previous year[32] Shareholder Information - The total number of common shareholders at the end of the reporting period is 9,273[10] - The largest shareholder, Sichuan Chuanji Investment, holds 22.08% of the shares, totaling 45,970,265 shares[10] - The second-largest shareholder, Hong Kong Central Clearing Limited, holds 10.36% of the shares, totaling 21,572,997 shares[10] - The company has repurchased 4,812,540 shares, which are not included in the top ten shareholders list[11] - The controlling shareholder, Sichuan Chuanji Investment Co., Ltd., plans to transfer 45,970,265 shares (22.08% of total shares) to the Sichuan Mechanical Research and Design Institute, resulting in a change of the controlling shareholder[21] Investment Activities - The company completed the acquisition of 100% equity in Krüger & Sohn GmbH, resulting in cash payments of ¥21,319,699.15 during the reporting period[7] - The company completed the first step of acquiring 100% equity of Krüger & Sohn GmbH and related assets for 9,350,000 Euros, enhancing its international investment portfolio[18] - The company participated in establishing an industrial merger fund with a total investment of RMB 200 million, holding a 39.99% stake[23] - The company made an initial investment of RMB 4 million in the Sichuan Revitalization Zhongmi Equity Investment Center in May 2023[24] Cash Management - The company approved the use of up to RMB 900 million of idle funds for cash management, effective for 12 months[14] - As of the end of the reporting period, RMB 873 million of idle funds have been used for cash management, with RMB 525 million remaining unexpired[15] Structured Deposits - The company reported a total of 10,000 million RMB in structured deposits with an annualized return rate ranging from 1.54% to 3.15%[16] - The company has initiated multiple structured deposit products, including 8,000 million RMB with a return rate of 1.54% to 2.98% set to mature in June 2024[16] - The company has a new structured deposit product with a total amount of 2,000 million RMB and a return rate of 1.9% to 2.7%, maturing in December 2024[18] - The company is expanding its product offerings with various structured deposits, including a 5,000 million RMB product with a return rate of 3.65% to 4.25% maturing in the third quarter of 2024[17] - The company has launched a new series of structured deposits with a total of 1,000 million RMB and a return rate of 1.4% to 2.82%[18] - The company has a total of 4,000 million RMB in structured deposits with a return rate of 1.54% to 3.00% maturing in October 2024[16] - The company is focusing on low-risk financial products, with several offerings in the range of 1,000 million RMB to 5,000 million RMB[17] - The company has reported a total of 3,000 million RMB in fixed-rate large deposits with an interest rate of 3.35%[17] Operational Changes - The company completed the registration of business changes and obtained a new business license on July 23, 2024[19] - The company has not disclosed any new product developments or market expansion strategies in the current report[13]

证券代码：300470 证券简称：中密控股 公告编号：2024-062 中密控股股份有限公司 第六届监事会第三次会议决议公告 本公司及监事会全体成员保证信息披露内容的真实、准确、 完整，没有虚假记载、误导性陈述或重大遗漏。 中密控股股份有限公司监事会 经与会监事认真审议，本次会议以书面记名投票的方式表决通过并形成了以 下决议： 1、审议通过《关于<2024 年第三季度报告>全文的议案》 表决结果：3票同意、0票反对、0票弃权。 与会监事认为，董事会编制和审议公司《2024年第三季度报告》全文的程序 符合法律、行政法规和中国证监会的规定，报告内容真实、准确、完整地反映了 公司的实际情况，不存在任何虚假记载、误导性陈述或者重大遗漏。具体内容详 见同日刊登在中国证监会指定的创业板信息披露媒体巨潮资讯网 （http://www.cninfo.com.cn）的相关公告。 三、备查文件 1、经与会监事签字的《第六届监事会第三次会议决议》。 特此公告。 一、监事会会议召开情况 中密控股股份有限公司（以下简称"公司"）第六届监事会第三次会议通知 及相关资料已于 2024 年 10 月 14 日以电话、电子邮件或专人送达等方式 ...

证券代码：300470 证券简称：中密控股 公告编号：2024-061 中密控股股份有限公司 第六届董事会第三次会议决议公告 本公司及董事会全体成员保证信息披露内容的真实、准确、 完整，没有虚假记载、误导性陈述或重大遗漏。 一、董事会会议召开情况 中密控股股份有限公司（以下简称"公司"）第六届董事会第三次会议通知 及相关资料已于2024年10月14日以电话、电子邮件或专人送达等方式通知全体董 事，并于2024年10月25日以通讯会议的方式召开。本次会议应出席董事9人（其 中独立董事3人），实际出席董事9人。本次会议由董事长彭玮先生召集并主持， 全体监事列席会议。会议的召集、召开符合《公司法》等有关法律、行政法规、 部门规章、规范性文件和《中密控股股份有限公司章程》 （以下简称"《公司章 程》"）的相关规定，会议合法有效。 二、董事会会议审议情况 与会董事认为，公司《2024年第三季度报告》全文能够真实、准确地反映公 司2024年第三季度的经营管理情况，公司的董事、监事和高级管理人员对报告出 具了书面确认意见，公司监事会发表了同意的审核意见。 本议案中财务报告部分已经公司第六届董事会审计委员会第三次会议审议 通 ...

证券代码：300470 证券简称：中密控股 公告编号：2024-060 中密控股股份有限公司 2024 年半年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内容的真实、准确、 完整，没有虚假记载、误导性陈述或重大遗漏。 特别提示： 1、中密控股股份有限公司（以下简称"公司"或"本公司"）2024年半年度 权益分派方案为：以公司实施2024年半年度权益分派时的股权登记日总股本扣除 公司回购专用证券账户股份后的股份数为基数，向全体股东每10股派发现金红利 5元（含税）。公司现有总股本为208,171,277股，扣除公司回购专用证券账户中 的4,812,540股后为203,358,737股。 2、根据《公司法》《深圳证券交易所上市公司自律监管指引第9号——回购 股份》等相关规定，上市公司回购专用证券账户中的股份不享有利润分配权力。 公司本次实际参与现金分红的股本=现有总股本-回购股份=208,171,277股 -4,812,540股=203,358,737股；公司本次现金分红总额=实际参与现金分红的股 本×每10股分红金额÷10股=203,358,737股×5元÷10股=101,679,368.5元。 3、 ...

证券代码：300470 证券简称：中密控股 公告编号：2024-059 中密控股股份有限公司 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。 中密控股股份有限公司（以下简称"中密控股"或"公司"）于近日收到由 中华人民共和国国家知识产权局颁发的1项专利证书，获得形式为原始取得，所 涉及技术与公司主要技术相关，具体情况如下： | 名称 | | 类型 | 专利号 | 专利权人 | 申请日 | | 期 （年） | 限 | 授权公告日 | | | 备注 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 一种电动增 | 压撬以及干 气密封控制 | 实用 新型 | ZL 2024 2 0505146.0 | 中密控股股份 有限公司 | 2024 03 月 日 | 年 15 | 10 | | 2024 09 月 24 日 | 年 | 证书号第 21737954 | | | | | | | | | | | | | | | 号 | | 系统 | | 专利 | | ...

证券代码：300470 证券简称：中密控股 公告编号：2024-058 中密控股股份有限公司 关于控股股东拟发生变更暨国有股权无偿划转的提示性公告 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。 重要提示： 1、四川川机投资有限责任公司（以下简称"川机投资"）为四川省机械研 究设计院（集团）有限公司（以下简称"省机械院"）全资子公司，川机投资拟 将其合计持有的中密控股股份有限公司（以下简称"中密控股"或"公司"） 45,970,265股股份（占公司当前总股本的22.08%、当前有表决权股份总数的 22.61%）无偿划转至省机械院。 2、本次国有股权无偿划转事项系同一实际控制人下的国有资产无偿划转， 不会导致公司实际控制人变更，公司治理结构不会发生变更。本次划转前，公司 控股股东为川机投资、实际控制人为省机械院，本次划转后，公司控股股东、实 际控制人均为省机械院。 3、根据《上市公司收购管理办法》第六十二条第一款第（一）项、第六十 三条第一款第（一）项的规定，本次国有股权无偿划转事项不涉及要约收购。 4、本次国有股权无偿划转事项已取得四川产业振兴基金投资集团有限 ...

中密控股股份有限公司 详式权益变动报告书 上市公司名称：中密控股股份有限公司 股票上市地点：深圳证券交易所 股票简称：中密控股 股票代码：300470 信息披露义务人：四川省机械研究设计院（集团）有限公司 住所：成都市武侯区人民南路三段30号 通讯地址：成都市锦江区墨香路48号 股份变动性质：直接持股数量增加（国有股份无偿划转） 签署日期：2024年9月27日 信息披露义务人声明 一、本报告书系依据《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》 等相关法律、法规和规范性文件编写。 | 第一节 | 释义 1 | | --- | --- | | 第二节 | 信息披露义务人介绍 2 | | 第三节 | 本次权益变动的目的及计划 16 | | 第四节 | 权益变动方式 17 | | 第五节 | 资金来源 19 | | 第六节 | 后续计划 20 | | 第七节 | 本次权益变动对上市公司的影响分析 22 | | 第八节 | 与上市公司之间的重大交易 23 | | 第九节 | 前六个月买卖上市公司股份的情况 24 | | 第十节 | 信息披露义务 ...

中密控股股份有限公司 简式权益变动报告书 信息披露义务人：四川川机投资有限责任公司 住所：四川省成都经济技术开发区(龙泉驿区)南四路965号4楼 通讯地址：成都市锦江区墨香路48号 股份变动性质：减少（国有股份无偿划转） 签署日期：2024年9月27日 信息披露义务人声明 一、本报告书系依据《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》 等相关法律、法规和规范性文件编写。 上市公司名称：中密控股股份有限公司 股票上市地点：深圳证券交易所 股票简称：中密控股 股票代码：300470 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。 三、依据《中华人民共和国证券法》《上市公司收购管理办法》的规定，本 报告书已全面披露信息披露义务人在中密控股股份有限公司中拥有权益的股份 变动情况；截至本报告书签署日，除本报告书披露的信息外，信息披露义务人没 有通过任何其他方式增加或减少其在中密控股拥有权益的股份。 四、本次权益变动是根据本报告书所载明的资料进行的。除信息披露义务人 外，没有委托或者授权其他任何人提供未在本报告书列载的信息和对本报告书 ...