中国国际金融股份有限公司 关于四川蜀道装备科技股份有限公司 2024 年度持续督导跟踪报告 | 保荐人名称：中国国际金融股份有限公司 | 被保荐公司简称：蜀道装备 | | --- | --- | | 保荐代表人姓名：张谦 | 联系电话：010-65051166 | | 保荐代表人姓名：蔡宇 | 联系电话：010-65051166 | 一、保荐工作概述 | 项 目 | 工作内容 | | --- | --- | | 1.公司信息披露审阅情况 | | | （1）是否及时审阅公司信息披露文件 | 是 | | （2）未及时审阅公司信息披露文件的次数 | 次 0 | | 2．督导公司建立健全并有效执行规章制度的情况 | | | （1）是否督导公司建立健全规章制度（包括但不 限于防止关联方占用公司资源的制度、募集资金 | 是 | | 管理制度、内控制度、内部审计制度、关联交易制 | | | 度） | | | （2）公司是否有效执行相关规章制度 | 是 | | 3.募集资金监督情况 | | | | 次，蜀道装备募集资金账户已于 0 2022 | | （1）查询公司募集资金专户次数 | 年 11 月销户 | | （2）公司募集 ...

中国国际金融股份有限公司 关于四川蜀道装备科技股份有限公司 2024 年度持续督导培训情况的报告 深圳证券交易所： 根据《深圳证券交易所上市公司自律监管指引第 13 号——保荐业务（2022 年修订）》和《深圳证券交易所上市公司自律监管指引第 2 号——创业板上市公 司规范运作（2023 年 12 月修订）》等相关法律法规的要求，中国国际金融股份 有限公司（以下简称"中金公司"或"保荐机构"）作为四川蜀道装备科技股份 有限公司（以下简称"蜀道装备"或"公司"）向特定对象发行 A 股股票的保荐 机构，于 2025 年 4 月 15 日对蜀道装备的董事、监事、高级管理人员、中层以上 管理人员及上市公司控股股东和实际控制人等相关人员进行了培训，报告如下： 一、本次持续督导培训的基本情况 实施本次持续督导培训前，中金公司编制了培训讲义，并提前要求蜀道装备 参与培训的相关人员了解培训相关内容。 持续督导培训后，中金公司向蜀道装备提供了讲义课件及相关学习资料以供 自学。 行交流沟通，保证了本次培训的顺利开展。通过本次培训，公司上述人员对上市 公司内幕交易有了更深刻的理解和认识，并进一步明确了董监高等公司相关人员 责任、义 ...

中国国际金融股份有限公司 关于四川蜀道装备科技股份有限公司 2024 年度持续督导定期现场检查报告 | 保荐人名称：中国国际金融股份有限公司 被保荐公司简称：蜀道装备（300540.SZ） | | | | | | | | --- | --- | --- | --- | --- | --- | --- | | 联系电话：010-65051166 | | | | | | 保荐代表人姓名：张谦 | | 联系电话：010-65051166 | | | | | | 保荐代表人姓名：蔡宇 | | 现场检查人员姓名：张谦、崔诗晨 | | | | | | | | 现场检查对应期间：2024 年 1 1 2024 年 31 日 | 月 | 日至 | 12 | 月 | | | | 年 4 月 15 日 | | | | | | 现场检查时间：2025 | | 现场检查意见 | | | | | | 一、现场检查事项 | | 是 否 | | | | | 不适用 | （一）公司治理 | | 现场检查手段：（1）查阅历次董事会、监事会、股东大会会议材料，包括会议通知、会议 | | | | | | | | 决议、会议记录、签到表、公告等；（ ...

Group 1 - The company reported a revenue of 51.46 million yuan for Q1 2025, representing a year-on-year increase of 28.10%, marking the highest revenue level for the same period since 2023 [1] - The company is progressing with an acquisition plan to purchase 65.43% of Henan Keyi Gas Co., Ltd., which will allow it to gain control over the company [1] - Keyi Gas specializes in industrial gas production, sales, and gas application technology services, enabling the company to quickly enter the industrial gas investment and operation sector [1] Group 2 - The company has been actively developing its hydrogen energy business, with significant results [2] - A joint venture named Shudao Toyota Hydrogen Energy Technology Co., Ltd. is being established with Shudao Group and Toyota Motor, focusing on hydrogen fuel cell systems and components [2] - The signing of the hydrogen fuel cell intelligent manufacturing base project occurred on April 18 [3]

Core Viewpoint - In 2024, Shudao Equipment achieved a record high operating revenue of 862 million yuan, representing a year-on-year growth of 28.90%, with a two-year average compound growth rate of 90% [1][2] Group 1: Financial Performance - The company reported a significant improvement in profitability, with a gross margin reaching its best level since 2019 and a net profit attributable to shareholders exceeding 72 million yuan, also a historical high [1] - The company aims to maintain steady growth in operating performance by focusing on its core business and expanding sustainably [2] Group 2: Business Expansion and Strategy - Shudao Equipment is recognized as a national "specialized, refined, distinctive, and innovative" small giant enterprise, with business expansion closely aligned with its core cryogenic technology [1] - The company is actively pursuing overseas market opportunities, particularly in Southeast Asia, Central Asia, and Central Africa, in line with the Belt and Road Initiative [2] - Recent successful projects include the completion of a 7000 liquid air separation project in Indonesia and the export of a 3000 cubic meter storage tank and vaporizer to Nigeria, enhancing the company's international competitiveness [2] Group 3: Collaboration and Innovation - The collaboration with Toyota on hydrogen fuel cell projects focuses on technology research and market expansion, aiming for resource integration to achieve technological breakthroughs and market share growth [1] - The company plans to continue leveraging its technological innovation capabilities and the resources of Shudao Group to support major national development strategies, including carbon neutrality and the construction of the Chengdu-Chongqing economic circle [2]

Group 1: Hydrogen Energy Development - The company plans to establish a diversified hydrogen supply system by integrating existing regional resources and developing industrial by-product hydrogen projects, aiming for low-cost and sustainable hydrogen supply [2] - Focus on logistics transportation, promoting hydrogen-powered heavy trucks and building an integrated "hydrogen-station-vehicle" operational platform to scale hydrogen vehicle applications [2] - Future replication of this model in mining and industrial parks, optimizing cost-effectiveness through green hydrogen transformation and technological innovation [2] Group 2: Market Expansion and Innovation - The company aims to leverage the "Transportation Power" strategy to enhance market expansion and technological innovation over the next five years [3] - Plans to upgrade existing products and participate in energy infrastructure construction along the "Belt and Road" initiative, focusing on hydrogen fuel cell technology in collaboration with Toyota [3] - The company will explore hydrogen applications in transportation and low-altitude economy sectors to support market expansion and technological development [3] Group 3: Financial Performance - In 2024, the company achieved an operating income of 862 million yuan, a year-on-year increase of 28.90%, and a net profit of 72.37 million yuan, up 121.67% from the previous year [4] - New contract value signed in 2024 reached approximately 1.335 billion yuan, reflecting a year-on-year increase of 33.10% [4] - Interest income for 2024 was 9,327,405.60 yuan, showing a decline compared to the previous year [3] Group 4: Research and Development - The company has gradually increased R&D investment, holding a total of 132 authorized patents by the end of 2024 [6] - Significant achievements include seven invention patents and seven utility model patents granted in 2024, focusing on hydrogen production and LNG systems [6] - Successful operation of the 7000-grade liquid air separation device in an overseas project and completion of various technology projects [7] Group 5: Strategic Goals and Future Outlook - The company’s core operational goals for 2025 include focusing on main responsibilities, enhancing business expansion, and ensuring steady growth in performance [8] - Plans to develop four major business segments: deep-cooling technology manufacturing, gas investment operations, clean energy investment operations, and transportation service equipment manufacturing [8] - The company will actively explore external development opportunities through strategic investments and mergers to inject new vitality and growth momentum [8]

Financial Performance - The company reported a basic earnings per share of -0.0040 yuan for Q1 2025, a decrease of 116.67% compared to 0.0240 yuan in Q1 2024 [1] - The net profit for Q1 2025 was -0.01 billion yuan, reflecting a decline of 125% from 0.04 billion yuan in Q1 2024 [1] - The operating revenue increased to 0.51 billion yuan in Q1 2025, up 27.5% from 0.4 billion yuan in Q1 2024 [1] - The return on equity was -0.06% in Q1 2025, a significant drop from 0.39% in Q1 2024 [1] Shareholder Structure - The top ten unrestricted shareholders hold a total of 72.0948 million shares, accounting for 49.68% of the circulating shares, with a decrease of 3.7394 million shares compared to the previous period [1] - The largest shareholder, Sichuan Shudao Transportation Service Group Co., Ltd., holds 48.1336 million shares, representing 33.17% of the total share capital, with no change [2] - Other notable shareholders include Sichuan Jianyang Port Tong Economic and Technological Development Co., Ltd., which decreased its holdings by 124.01 million shares [2] Dividend Policy - The company has announced that it will not distribute dividends or transfer shares this time [3]

Financial Performance - The company's revenue for Q1 2025 was ¥51,459,839.55, representing a 28.10% increase compared to ¥40,172,357.47 in the same period last year[4] - The net profit attributable to shareholders was -¥655,941.44, a decrease of 116.57% from ¥3,959,370.48 in the previous year[7] - The net cash flow from operating activities was -¥59,731,976.18, down from ¥76,670,469.08 in the same period last year[4] - Total operating revenue for the current period reached ¥51,459,839.55, an increase from ¥40,172,357.47 in the previous period, representing a growth of approximately 28.5%[16] - Net profit for the current period was -¥803,612.93, a significant decline from ¥3,936,932.38 in the previous period, indicating a negative shift in profitability[16] - The total comprehensive income for the current period was -¥803,612.93, compared to ¥3,936,932.38 in the previous period, indicating a decline in overall financial performance[17] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,969,939,646.85, a decrease of 6.23% from ¥2,100,830,514.65 at the end of the previous year[4] - Total current assets decreased to 1.59 billion yuan from 1.73 billion yuan, a reduction of approximately 8.06%[13] - Total liabilities decreased to 848.08 million yuan from 981.06 million yuan, a decline of about 13.54%[14] - The company's total equity increased slightly to 1.12 billion yuan from 1.12 billion yuan, showing a marginal growth of approximately 0.19%[14] - The company’s total assets decreased to 1.97 billion yuan from 2.10 billion yuan, a reduction of about 5.88%[13] Cash Flow and Investments - The company's cash and cash equivalents increased to 560.32 million yuan from 479.93 million yuan, reflecting a growth of approximately 16.73%[13] - Cash and cash equivalents at the end of the period totaled ¥529,467,175.34, up from ¥166,019,492.98 at the end of the previous period, reflecting a substantial increase[21] - The company received cash inflows from investment activities amounting to ¥264,605,602.74, significantly higher than the previous period's cash inflow of ¥300.00[19] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 14,907[9] - The largest shareholder, Shudao Transportation Service Group Co., Ltd., holds a 29.11% stake in the company[9] Management and Expenses - Management expenses increased by 52.90% to ¥21,851,160.65 due to the establishment of a new company and increased labor costs[6] - Research and development expenses were ¥5,672,889.32, slightly down from ¥6,279,290.18 in the previous period[16] - The company incurred a financial expense of -¥1,866,415.95, compared to -¥1,353,260.15 in the previous period, indicating an increase in financial costs[16] Financing and Acquisitions - The company reported a significant increase in accounts receivable financing, which rose by 141.39% to ¥1,599,405.82[6] - The company plans to acquire a 65.43% stake in Henan Koyi Gas Co., Ltd. through cash payment, aiming to gain control over the company[10] - A joint venture with Shudao Group and Toyota Motor Corporation has been established with a registered capital of 236 million yuan, where the company holds a 45% stake[11] Borrowings - The company reported a decrease in short-term borrowings to 80.94 million yuan from 83.93 million yuan, a reduction of about 3.56%[14] - The company’s long-term borrowings decreased to 63 million yuan from 82.4 million yuan, a decline of approximately 23.58%[14] Accounts Receivable - Accounts receivable decreased to 178.84 million yuan from 217.59 million yuan, a decline of about 17.79%[13]

蜀道装备（300540）公告，2025年第一季度营业收入5145.98万元，同比增长28.10%。净亏损65.59万 元，去年同期净利润395.94万元。 ...

Core Viewpoint - The company Shudao Equipment (300540.SZ) has released its first ESG report, highlighting its commitment to sustainable development and addressing climate change risks in alignment with national "dual carbon" goals [1][6]. Group 1: ESG Report Overview - The ESG report covers the company's performance in environmental protection, social responsibility, and corporate governance, identifying 22 material issues and creating a dual materiality matrix to guide future ESG practices [2][4]. - The company has established an ESG governance structure and formed a dedicated leadership team to oversee ESG initiatives, marking a significant step towards long-term sustainable development [9][10]. Group 2: Climate Change and Hydrogen Development - Shudao Equipment emphasizes the importance of addressing climate change, aligning its strategies with national policies such as the "2030 Carbon Peak Action Plan" and the "Hydrogen Industry Development Plan (2021-2035)" [6][7]. - The company has developed strategies to mitigate climate risks, including enhancing facility insulation, adopting energy-efficient systems, and implementing water-saving production processes [7]. - Investments in the hydrogen industry are being accelerated, with the company acquiring patents related to hydrogen production, liquefaction, and storage, aiming to provide comprehensive solutions in hydrogen technology [8]. Group 3: Risk Management and Compliance - The company has implemented comprehensive risk management and internal control measures across various operational areas, including procurement and investment management [12]. - Shudao Equipment is focused on supply chain management, enhancing supplier oversight through specific management guidelines, and contributing to local economic development in line with national rural revitalization strategies [14].