Company Overview - Founded in 1993, the company operates in two main product groups: analytical instruments and unmanned intelligent equipment, along with technical services [1] - Products are primarily used for coal quality analysis and management, applicable to various solid combustible materials [1] - The company is a leading player in the coal detection instrument and unmanned intelligent equipment sectors, being the only A-share listed company in this niche [2] Market Position and Orders - As of Q1 2025, the company reported a 43% year-on-year increase in orders on hand, with new bids reaching a record high for the same period [2] - Most orders for unmanned intelligent equipment are from existing power plants undergoing upgrades, indicating significant market potential [2] - The company has established a second growth curve with unmanned intelligent equipment surpassing analytical instruments in revenue for the first time in 2024 [2] Competitive Landscape - The company has over 30 years of experience in the coal quality analysis instrument sector and is one of the few manufacturers with complete proprietary rights for unmanned intelligent equipment [3] - The market is highly specialized, and there is a lack of authoritative market share data [3] Customer Engagement and Services - The company provides essential data for industries such as thermal power, coal, metallurgy, and chemicals, which operate continuously [4] - To enhance customer loyalty, the company offers professional and convenient technical services, including remote diagnostics and intelligent management [5] Industry Demand Trends - Demand for unmanned intelligent equipment originated in the thermal power sector, where coal costs typically exceed 70% [6] - Other industries are still in pilot or partial application stages, indicating potential for future growth [6] Production Capacity - The company’s manufacturing base in Changxing significantly increased production capacity after its launch in 2023, with sufficient capacity to meet future operational needs [7] International Market Strategy - Currently, the company’s overseas business mainly involves analytical instruments, as conditions for exporting intelligent equipment are not yet fully mature [8] - The company plans to explore opportunities for exporting intelligent equipment as it accumulates market experience domestically [8] Investment and Acquisition Plans - The company has no current plans for investments or acquisitions but will monitor industry dynamics for potential resource integration opportunities [9]

Company Overview - Founded in 1993, the company operates in two main product groups: analytical instruments and unmanned intelligent equipment, along with related technical services [1] - Products are primarily used for coal quality analysis and management, with applications extending to coke, biomass, solid hazardous waste, and cement [1] - The company serves various industries including thermal power, coal, metallurgy, chemicals, construction materials, and research [1] Market Position - The company is a leading player in the coal detection instruments and unmanned intelligent equipment sector, being the only A-share listed company in this niche [2] - It has over 30 years of experience in the market, establishing a significant competitive advantage [3] - There are no directly comparable listed companies in A-shares, with major non-listed competitors being Changsha Kaiyuan Instruments [3] Business Performance - In 2024, the revenue from unmanned intelligent equipment surpassed that of analytical instruments, marking a new growth trajectory [2] - As of Q1 2025, the company reported a 43% year-on-year increase in backlog orders, with new contracts meeting expectations [10] - The average project budget for traditional coal detection equipment ranges from 1 to 3 million RMB, while comprehensive unmanned intelligent systems exceed 10 million RMB [6] Product Delivery and Demand - The standard delivery cycle for unmanned intelligent equipment is between 6 to 12 months, with an increasing order delivery pace noted in 2024 [4][5] - Demand for unmanned intelligent equipment varies by industry, with higher penetration in coal power compared to other sectors [7] Future Outlook - The company maintains a cautiously optimistic view on the market prospects for unmanned intelligent equipment, driven by industry trends and its competitive position [10] - There are ongoing projects in non-coal sectors, including hazardous waste and other materials analysis [11] Financial Management - The company has not yet received redemption funds from a trust financial product and has made full asset impairment provisions for overdue products [12] - There are ongoing explorations of various incentive mechanisms to attract and retain talent, with previous stock incentive plans achieving their intended effects [13]

湖南启元律师事务所 法律意见书 湖南启元律师事务所 关于湖南三德科技股份有限公司 2024年年度股东大会的 法律意见书 二〇二五年五月 湖南省长沙市芙蓉区建湘路393号世茂环球金融中心63层 电话： 0731-8295 3778传真：0731-8295 3779 网站： www.qiyuan.com 湖南启元律师事务所 法律意见书 湖南启元律师事务所（以下简称"本所"）接受湖南三德科技股份有限公司（以 下简称"公司"）的委托，指派本所律师出席了公司2024年年度股东大会（以下简 称"本次股东大会"），对本次股东大会的召集和召开程序、出席会议人员及召集 人的资格、表决程序和表决结果的合法有效性进行现场律师见证，并发表本法律 意见。 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》"）、《上市公司股东会规则》（以 下简称"《股东会规则》"）等我国现行法律、法规、规范性文件以及《湖南九典 制药股份有限公司章程》（以下简称"《公司章程》"）的有关规定出具本法律意 见书。 本所律师声明如下： （一）本所律师根据本法律意见书出具日以前已经发生或者存在的事实， ...

证券代码：300515 证券简称：三德科技 公告编号：2025-020 湖南三德科技股份有限公司 2024 年年度股东大会决议公告 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、本次股东大会无新增、变更、否决提案的情况； 2、本次股东大会不涉及变更前次股东大会决议。 一、会议召开情况 1、湖南三德科技股份有限公司（以下简称"公司"） 2024 年年度股东大会 会议通知于 2025 年 4 月 21 日以公告的形式发出（具体内容详见当日于巨潮 资讯网披露的公告，公告编号：2025-018），本次会议采取现场投票和网络投票相 结合的方式召开。 2、会议召开的日期、时间 （1）现场会议召开时间：2025 年 5 月 16 日（星期五）14:30 （2）网络投票时间：通过深圳证券交易所系统进行网络投票的具体时间为 2025 年 5 月 16 日 9:15-9:25，9:30-11:30 和 13:00-15:00；通过深圳证券交易所 互联网投票系统进行网络投票的具体时间为 2025 年 5 月16 日 9:15至15:00期 间的任意时间。 3、股东 ...

证券代码：300515 证券简称：三德科技 公告编号：2025-019 湖南三德科技股份有限公司 关于召开 2024 年年度股东大会的提示性公告 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。 湖南三德科技股份有限公司（以下简称"公司"）于 2025 年 4 月 21 日在 巨潮资讯网（www.cninfo.com.cn）上刊登了《关于召开 2024 年年度股东大会的 通知》（公告编号：2025-018），公司将于 2025 年 5 月 16 日（星期五）14:30 召开 2024 年年度股东大会。本次股东大会将采取现场投票及网络投票的方式召 开，现将会议的相关事项公告提示如下： 一、召开会议的基本情况 1、股东大会届次：2024 年年度股东大会。 2、股东大会的召集人：公司董事会。 3、会议召开的合法、合规性：经公司第五届董事会第二次会议审议，决定 召开公司 2024 年年度股东大会，召集程序符合有关法律、行政法规、部门规章、 规范性文件和《公司章程》的规定。 4、会议召开的日期、时间 （1）现场会议召开时间：2025年5月16日 （星 期 五） 14:30 ...

Company Overview - Founded in 1993, the company operates in two main product groups: analytical instruments and unmanned intelligent equipment, along with derived technical services [1] - Products are primarily used for coal quality analysis and management, with applications extending to coke, biomass, solid hazardous waste, and cement [1] - The company serves various industries including thermal power, coal, metallurgy, chemicals, construction materials, and research [1] Financial Performance - In 2024, the company achieved a revenue of CNY 576.58 million, a year-on-year increase of 24.12%, and a net profit of CNY 143.24 million, up 166.55% [2] - For Q1 2025, revenue reached CNY 108.10 million, growing 18.35%, with a net profit of CNY 28.07 million, an increase of 45.38% [2] Market Position and Strategy - The company is a leading player in the coal detection instruments and unmanned intelligent equipment market, being the only A-share listed company in this segment [2] - Focused on niche markets, the company has successfully implemented a "vertical extension" strategy, with unmanned intelligent equipment becoming a significant growth driver [2] Order and Demand Trends - As of Q1 2025, the company reported a 43% year-on-year increase in backlog orders, with new bids reaching record levels [3] - The demand for unmanned intelligent equipment is expected to grow due to the implementation of the "New Generation Coal Power Upgrade Action Plan (2025-2027)" which emphasizes intelligent fuel management [3][4] Operational Efficiency - The delivery cycle for unmanned intelligent equipment has improved significantly, with project implementation times reduced by over 40% due to optimized processes [5] - The Changxing manufacturing base, operational since 2023, has enhanced production capacity, supporting the scale-up of unmanned intelligent equipment [6] Profitability Insights - The gross margin for unmanned intelligent equipment is subject to variability due to project complexity and customization, with a noted decline in H2 2024 attributed to accelerated delivery schedules [7] Market Expansion - Initially focused on the coal power sector, the company is expanding into non-coal power industries such as metallurgy and construction materials, driven by digitalization needs and policy support [8][9] - The company has a presence in over 40 countries, including Pakistan, Indonesia, South Africa, and Russia, with plans to explore international markets for intelligent equipment as conditions mature [11]

Group 1: Financial Performance - The company's net profit for 2024 reached 143.24 million CNY, a year-on-year increase of 166.55%, with a net profit margin of 24.8% [9] - Basic earnings per share rose to 0.7110 CNY, reflecting a 172.31% increase year-on-year [9] - The weighted average return on equity improved by 11.53 percentage points to 19.03% [9] Group 2: Business Segments and Trends - The gross margin of the intelligent equipment segment decreased due to a faster delivery pace in Q4 2024, with some projects having lower margins [1] - The company reported a 43% year-on-year increase in orders as of Q1 2025 [1] - The analysis instruments revenue is declining primarily due to the transition to unmanned testing systems and reduced demand for integrated purchased instruments [3] Group 3: Market and Industry Insights - The "New Generation Coal Power Upgrade Special Action Implementation Plan (2025-2027)" is expected to boost demand for intelligent equipment in existing power plants [2] - The global coal production reached 906.8 million tons in 2024, with China accounting for 52.5% of this production [13] - The company is positioned as a leading player in the coal quality analysis and intelligent equipment market, with a focus on digital transformation in traditional industries [14] Group 4: Product Lifecycle and Warranty - The warranty period for intelligent equipment and analysis instruments is typically 12 months, as per contractual agreements [4] - The expected lifespan for analysis instruments is 6-8 years, while unmanned intelligent equipment is designed for at least 10 years [5] Group 5: International Market and Expansion - The company currently has a 3.10% revenue contribution from overseas markets, with plans to explore international opportunities as conditions mature [17] - The intelligent equipment segment is rapidly expanding in the domestic market, particularly in the thermal power sector, with ongoing penetration into coal, metallurgy, and construction industries [17]

Core Viewpoint - The company, Hunan Sande Technology Co., Ltd., focuses on the development, production, and marketing of analytical instruments and unmanned intelligent equipment, primarily serving the coal and solid combustible materials analysis sector, with over 80% of orders related to coal [5][9][10]. Company Overview - The company operates in three main business segments: analytical instruments, unmanned intelligent equipment, and technical services [5][6]. - The unmanned intelligent equipment segment has surpassed the analytical instruments segment in historical orders and revenue for the first time during the reporting period, marking it as a significant growth driver [6][9]. - The company has a strong focus on coal quality analysis, with its products also applicable to coke, biomass, hazardous waste, and cement [9][10]. Industry Context - Coal is the second-largest energy source globally, with a projected production of 906.8 million tons in 2024, of which China accounts for 52.5% [9][10]. - The coal quality analysis instrument sector in China has achieved significant domestic substitution and international competitiveness, with the company being a leading player [10][11]. - The industry is characterized by high concentration, primarily located in regions like Changsha, Jiangsu, and Henan, with the company representing the highest level of competitiveness in the coal quality detection instrument sector [12][18]. Business Dynamics - The industry exhibits cyclical characteristics, with demand closely linked to coal production and sales, which have shown consistent growth over the past decade [15][16]. - Seasonal demand patterns are evident, with procurement processes typically concentrated in the second and third quarters, leading to revenue recognition primarily in the latter half of the year [17]. Competitive Position - The company has established itself as a leading enterprise in the coal quality detection instrument and unmanned intelligent equipment market, being the only A-share listed company in this sector [18]. - It has a robust R&D framework, with over 300 personnel dedicated to technology and innovation, and has filed numerous patents, indicating a strong commitment to maintaining competitive advantages [18][19]. - The company has successfully expanded its market presence internationally, with products sold in over 40 countries, including partnerships with major third-party testing organizations [19].

湖南三德科技股份有限公司 2024年度 审计报告 CAC审字[2025]0427号 湖南三德科技股份有限公司全体股东： 一、审计意见 审计报告 CAC审字[2025]0427号 审计机构：中审华会计师事务所（特殊普通合伙） 目录 | 索引 | 页码 | | --- | --- | | 一、审计报告 | 1-5 | | 二、已审财务报表 | | | 1、合并资产负债表 | 6-7 | | 2、合并利润表 | 8 | | 3、合并现金流量表 | 9 | | 4、合并股东权益变动表 | 10-11 | | 5、资产负债表 | 12-13 | | 6、利润表 | 14 | | 7、现金流量表 | 15 | | 8、股东权益变动表 | 16-17 | | 9、财务报表附注 | 18-88 | 三、附件 审计机构营业执照及执业许可证复印件 如财务报表附注三（十一）、附注三（十三）、附注五（四）和附注五（七）所述， 截止2024 年12 月31 日，三德科技应收款项账面余额32,855.02 万元，计提坏账准备 12,205.13 万元，账面价值20,649.88 万元，账面价值占资产总额的16.62%。坏账准备的计 提取 ...

审计机构：中审华会计师事务所（特殊普通合伙） 目 录 内部控制审计报告 CAC 内字[2025]0012 号 湖南三德科技股份有限公司 | | | 二、注册会计师的责任 我们的责任是在实施审计工作的基础上，对财务报告内部控制的有效性发表 审计意见，并对注意到的非财务报告内部控制的重大缺陷进行披露。 审计机构营业执照及执业许可证复印件 一、内部控制审计报告 1-2 二、附件 内部控制审计报告 CAC 内字[2025]0012 号 湖南三德科技股份有限公司全体股东： 按照《企业内部控制审计指引》及中国注册会计师执业准则的相关要求，我 们审计了湖南三德科技股份有限公司（以下简称"三德科技"）2024 年 12 月 31 日的财务报告内部控制的有效性。 一、企业对内部控制的责任 按照《企业内部控制基本规范》、《企业内部控制应用指引》、《企业内部控制 评价指引》的规定，建立健全和有效实施内部控制，并评价其有效性是三德科技 董事会的责任。 三、内部控制的固有局限性 内部控制具有固有局限性，存在不能防止和发现错报的可能性。此外，由于 情况的变化可能导致内部控制变得不恰当，或对控制政策和程序遵循的程度降低， 根据内部控制审计 ...