证券代码：300772 证券简称：运达股份 公告编号：2024-086 运达能源科技集团股份有限公司 第五届监事会第十七次会议决议公告 本公司及监事会全体成员保证信息披露内容的真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 一、监事会会议召开情况 运达能源科技集团股份有限公司（以下简称"公司"）第五届监事会第十七 次会议于 2024 年 9 月 14 日在公司会议室以现场结合在线方式召开，会议通知及 会议资料于 2024 年 9 月 9 日以直接送达或电子邮件形式送达各位监事。公司全 体监事参加了会议，会议由监事会主席张荣三先生主持。本次会议召开和表决符 合《公司法》和《公司章程》的规定。 二、监事会会议审议情况 本次会议审议并通过了以下议案： （一）《关于投资建设张北启达 100MW 风电项目的议案》。 监事会认为：本次投资符合公司的发展战略，有利于公司进一步改善业务结 构，增强公司盈利能力。相关审议程序合法合规，不存在损害上市公司及中小股 东利益的情形。监事会同意投资建设张北启达 100MW 风电项目事项。 表决情况：同意 3 票，反对 0 票，弃权 0 票。 具体内容详见公司于巨潮资讯网（ht ...

!"#$%&'()*+ ,-./0123%&'()*+ 4546 7879:;<=>?@A+ | 保荐机构名称：财通证券股份有限公司 | 被保荐公司简称：运达股份 | | --- | --- | | 保荐代表人姓名：彭波 | 联系电话：0571-87823628 | | 保荐代表人姓名：陈婷婷 | 联系电话：0571-87823628 | 一、保荐工作概述 | （2）发表非同意意见所涉问题及结论意见 | 无 | | --- | --- | | 7.向本所报告情况（现场检查报告除外） | | | （1）向本所报告的次数 | 次 0 | | （2）报告事项的主要内容 | 不适用 | | （3）报告事项的进展或者整改情况 | 不适用 | | 8．关注职责的履行情况 | | | （1）是否存在需要关注的事项 | 否 | | （2）关注事项的主要内容 | 无 | | （3）关注事项的进展或者整改情况 | 无 | | 9.保荐业务工作底稿记录、保管是否合规 | 是 | | 10.对上市公司培训情况 | | | （1）培训次数 | 0 次，拟于下半年开展培训 | | （2）培训日期 | 拟于下半年开展培训 | | （3）培 ...

公 司 研 究 ＃assAuthor＃ 公 司 点 评 报 告 点评： 杨志芳 | --- | --- | |----------------------------|-----------| | ＃市场数据 marketData ＃ | | | 日期 | 2024-9-12 | | 收盘价（元） | 9.86 | | 总股本（百万股） | 701.77 | | 流通股本（百万股） | 694.85 | | 净资产（百万元） | 5357.55 | | 总资产（百万元） | 32035.97 | | 每股净资产（元） | 7.63 | | --- | --- | --- | --- | --- | |---------------------------------------------------------------------------------|--------|-------|-------------------------|-------| | 会计年度 ＄ zycwzb\| 主要财务指标＄ | 2023 | 2024E | 2025E | 2026E | | 营业收入 ( 百万元 ) ...

Group 1: Company Overview - The company, Yunda Energy Technology Group Co., Ltd., reported a total of 14,293.69 MW in new orders for the first half of 2024, with a cumulative order backlog of 34,204.63 MW by the end of June 2024 [2] - The order backlog includes 2,161.00 MW for wind turbines between 2MW-4MW, 11,795.68 MW for 4MW-6MW, 12,625.40 MW for 6MW-8MW, and 7,622.55 MW for turbines above 8MW [2] Group 2: International Business Expansion - The company has secured orders in Southeast Asia, Eastern Europe, Central Asia, and South America, with a recent breakthrough in the Middle East market [3] - The global wind power installed capacity is expected to grow rapidly, enhancing the international influence of Chinese brands and technologies [3] Group 3: Profitability and Market Strategy - The pricing of wind turbines and profit margins are influenced by various factors, and the company aims to enhance profitability through high-quality products and cost-reduction measures [3] - The company has completed the transfer of 100% equity in two wholly-owned subsidiaries in 2024, focusing on optimizing the quality of its renewable energy assets [3] Group 4: Policy and Market Outlook - The "Wind Power to the Countryside" policy, initiated in March 2024, presents significant market opportunities, and the company plans to leverage its technological advantages to increase market share [3]

电力设备 | 证券研究报告 — 调整盈利预测 2024 年 9 月 5 日 300772.SZ 增持 原评级：增持 市场价格:人民币 10.01 板块评级:强于大市 股价表现 (37%) (29%) (20%) (12%) (3%) 6% Sep-23Oct-23Nov-23Dec-23Jan-24Feb-24Mar-24Apr-24May-24Jun-24Jul-24Sep-24 运达股份 深圳成指 | --- | --- | --- | --- | --- | |-------------------------------|---------------------------|-------------------------|--------------------------|------------------------| | (%) \n绝对 \n相对深圳成指 | 今年 至今 \n(6.0) \n6.5 | 1 个月 \n(11.2) \n(7.4) | 3 个月 \n (9.4) \n3.7 | 12 个月 \n(13.6) \n8.9 | | 发行股数 ( 百万 ) | | | | 70 ...

Investment Rating - The report maintains a "Buy-A" investment rating for the company, indicating an expected return exceeding 15% over the next six months compared to the CSI 300 index [1][3]. Core Views - The company has shown a revenue increase of 22.65% year-on-year, reaching 8.628 billion yuan in the first half of 2024, although the net profit attributable to shareholders decreased by 0.54% to 147 million yuan [1]. - The company's wind turbine sales revenue was 6.482 billion yuan, with a gross margin of 10.34%, reflecting a decline of 5.52 percentage points year-on-year due to low-priced orders impacting profitability [1]. - The company has a strong order backlog, with cumulative orders reaching 34,204.63 MW, positioning it as a leader in the domestic market [1]. - The "Two Seas" strategy is being effectively implemented, enhancing the company's capabilities in offshore and overseas wind power projects, which are expected to be long-term growth drivers [1]. - The company has increased its R&D investment by 17.02% year-on-year, focusing on developing new wind turbine models and digital solutions for the renewable energy sector [1]. Financial Data Summary - For the fiscal year 2024, the company is projected to achieve a revenue of 22.034 billion yuan, with a year-on-year growth of 17.7% [4]. - The net profit attributable to shareholders is expected to recover to 635 million yuan in 2024, representing a growth of 53.4% compared to the previous year [4]. - The gross margin is anticipated to improve to 15.5% in 2024, with a projected net margin of 2.9% [4]. - The earnings per share (EPS) is forecasted to be 0.91 yuan in 2024, with a price-to-earnings (P/E) ratio of 10.9 [4][5].

证券代码：300772 证券简称：运达股份 公告编号：2024-083 运达能源科技集团股份有限公司 关于 2024 年半年度计提资产减值准备的公告 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。 一、本次计提资产减值准备情况概述 运达能源科技集团股份有限公司（以下简称"公司"）根据《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》《深圳证券交易 所创业板上市公司自律监管指南第 1 号——业务办理第一章信息披露：第二节定 期报告披露相关事宜》《企业会计准则》和公司相关会计政策的规定，基于谨慎 性原则，为真实准确地反映公司的财务、资产和经营状况，对合并报表范围内截 至 2024 年 6 月 30 日的各类应收账款、应收票据、存货、预付款项、其他应收 款、长期股权投资、固定资产、在建工程、无形资产等资产进行了全面清查。对 各项资产减值的可能性进行了充分的评估和分析，判断存在可能发生减值的迹象， 确定了需计提的资产减值准备。 根据《深圳证券交易所创业板股票上市规则》《公司章程》等相关规定，本 次计提资产减值准备无需提交公司董事会或股东大会审议 ...

Financial Performance - The company's operating revenue for the first half of 2024 was CNY 8,627,988,880.56, representing a 22.65% increase compared to CNY 7,034,773,604.31 in the same period last year[11]. - The net profit attributable to shareholders of the listed company was CNY 147,482,216.45, a slight decrease of 0.54% from CNY 148,283,624.80 in the previous year[11]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 55,802,085.15, down 47.68% from CNY 106,647,631.07 in the same period last year[11]. - The net cash flow from operating activities was negative at CNY -1,794,237,863.86, a decrease of 0.79% compared to CNY -1,780,220,168.19 in the previous year[11]. - The total assets at the end of the reporting period were CNY 32,035,967,080.49, down 7.03% from CNY 34,457,787,160.31 at the end of the previous year[11]. - The net assets attributable to shareholders of the listed company increased by 2.14% to CNY 5,357,545,643.11 from CNY 5,245,427,984.15 at the end of the previous year[11]. - The basic earnings per share for the reporting period was CNY 0.2113, showing a slight increase of 0.05% from CNY 0.2112 in the previous year[11]. - The diluted earnings per share also stood at CNY 0.2113, reflecting a 0.05% increase compared to CNY 0.2112 in the same period last year[11]. - The weighted average return on net assets was 2.78%, a decrease of 0.21% from 2.99% in the previous year[11]. - The company reported a total non-recurring profit and loss of CNY 91,680,131.30 for the period, with significant contributions from asset disposal gains and receivables impairment reversal[14]. Market and Industry Trends - The domestic GDP for the first half of 2024 was CNY 61,683.6 billion, reflecting a year-on-year growth of 5.0%[16]. - The total installed power generation capacity in China reached approximately 3.07 billion kilowatts by the end of June 2024, marking a year-on-year increase of 14.1%[16]. - Renewable energy generation capacity reached 1.653 billion kilowatts, up 25% year-on-year, accounting for 53.8% of the total power generation capacity[16]. - Wind power capacity increased to approximately 467 million kilowatts, representing a year-on-year growth of 19.9%[16]. - The government has issued around 43 policies to support the wind power industry, ensuring long-term stability and development[17]. - The company is focusing on enhancing green electricity trading and carbon trading markets to promote renewable energy development and reduce carbon emissions[18]. - The State Council's action plan for energy conservation and carbon reduction aims for full coverage of green certificate issuance by the end of 2024[19]. - The implementation of a guaranteed purchase mechanism for renewable energy aims to address grid connection and consumption issues, effective from April 1, 2024[20]. - The company is committed to accelerating the construction of supporting power grid projects for renewable energy, enhancing the capacity for distributed energy integration[20]. Renewable Energy Initiatives - As of June 2024, the total installed capacity of renewable energy reached approximately 1.653 billion kilowatts, accounting for 53.8% of the total installed capacity in China, with solar power growing by 51.6% year-on-year and wind power by 19.9%[26]. - In the first half of 2024, the total investment in the power sector reached 598.1 billion yuan, a year-on-year increase of 10.6%, with non-fossil energy investment accounting for 85% of power investments[27]. - The "Thousand Villages and Ten Thousand Towns Wind Action" initiative aims to develop wind power projects in rural areas, with a target of not exceeding 20 megawatts per administrative village, promoting a new model of "village-enterprise cooperation" in wind power investment[21]. - The average utilization rate of wind power in China reached 96.1% in the first half of 2024, with wind power generation increasing by 10% year-on-year to 508.8 billion kilowatt-hours[27]. - The total installed capacity of wind and solar power has surpassed that of coal power for the first time, with a combined capacity of 1.18 billion kilowatts compared to coal's 1.17 billion kilowatts[26]. - In the first half of 2024, the newly added installed capacity of wind power was 25.84 million kilowatts, reflecting a year-on-year growth of 12%[27]. - The national carbon market is set to expand, with the implementation of the "Interim Regulations on Carbon Emission Trading" effective from May 1, 2024, aiming to tighten carbon emission control policies[24]. - The "Thousand Villages and Ten Thousand Towns Wind Action" has seen 85 counties in Guangdong and other provinces issue investment subject competition documents, with a total allocation of 2.8065 million kilowatts[22]. - The renewable energy generation in the first half of 2024 reached 1.56 trillion kilowatt-hours, a year-on-year increase of 22%, representing 35.1% of total electricity generation[27]. Company Strategy and Development - The company aims to provide comprehensive solutions for wind power projects throughout their lifecycle, focusing on technology innovation and expanding into energy storage and digital products[31][32]. - The company has shifted its business model to offer integrated solutions, including resource assessment, economic design, and operational maintenance for wind farms[33]. - The company’s energy storage business is crucial for supporting the new power system and achieving carbon neutrality goals, offering a full lifecycle solution from design to operation[37]. - The company is actively pursuing new energy EPC contracting to ensure project management and quality control, enhancing investment returns in wind farm construction[38]. - The government’s policies, including the 2024 Energy Work Guidance, are expected to accelerate the development of the renewable energy sector, reinforcing the company's growth prospects[39]. - Technological advancements have improved wind turbine efficiency, giving wind power a competitive edge over traditional energy sources, with significant cost reductions achieved[40]. - The company achieved wind turbine sales revenue of 6.482 billion yuan, with external sales capacity of 4,049.83 MW, representing a year-on-year increase of 19.25%[49]. - The company secured new orders totaling 14,293.69 MW during the reporting period, bringing the cumulative backlog to 34,204.63 MW, which includes both signed contracts and projects that have been bid but not yet signed[51]. - The company has established strategic cooperation agreements with major clients such as Jingneng International and Huaneng Group, enhancing its market presence[49]. International Expansion and Market Presence - The company has expanded its overseas market presence, obtaining orders in Europe, Central Asia, Southeast Asia, and South America, and is the first Chinese enterprise to export wind power technology and standards abroad[41]. - The company has launched a new energy digital empowerment initiative, collaborating with China Electric Power Research Institute and Three Gorges Energy to develop smart operation systems and monitoring solutions[48]. - The company reported a significant increase in sales of 4MW-6MW wind turbines, with sales capacity rising by 25.92% compared to the previous year[50]. - The company has made progress in its renewable energy project development, with new controllable renewable energy project capacity of 661,000 kW added during the first half of 2024[51]. - The company is focusing on the development of hydrogen production and green methanol projects in collaboration with industry leaders like Geely Group[49]. Corporate Governance and Compliance - The company has maintained a leading position in wind power technology and has received multiple national and provincial-level technology awards, reinforcing its brand image and market reputation[44]. - The company is committed to building an integrated industrial ecosystem that includes wind farm investment, equipment manufacturing, engineering contracting, and energy storage services[52]. - The company has not engaged in derivative investments or entrusted loans during the reporting period, indicating a conservative financial strategy[70][71]. - The company has a robust service system and product quality, which are key factors in its leading position in the domestic wind power market[76]. - The company is committed to optimizing its supply chain and improving its product differentiation to enhance overall business capabilities[79]. - The company has implemented a stock incentive plan, with adjustments made in 2024 regarding the repurchase of unvested shares[86]. - The company has not reported any penalties or rectification measures during the reporting period, reflecting compliance with regulations[94]. - The company has established an open communication mechanism to ensure effective dialogue between employees and management[91]. - The company has actively engaged in social welfare activities, including targeted donations and community support initiatives[90]. Shareholder and Stock Information - The participation rate of investors in the 2024 first extraordinary general meeting was 45.36%[83]. - A total of 4,979,200 shares of restricted stock were listed for circulation on May 29, 2023, following the first unlock period[87]. - The total number of shares before the recent changes was 702,078,355, which decreased to 701,771,155 after adjustments, reflecting a reduction of 307,200 shares[112]. - The number of restricted shares before the changes was 10,094,400, which decreased by 3,170,425 to 6,923,975, representing a reduction of approximately 31.4%[112]. - The total number of unrestricted shares increased from 691,983,955 to 694,847,180, indicating an increase of 2,863,225 shares, or approximately 0.4%[112]. - The company completed the repurchase and cancellation of 307,200 restricted shares on June 27, 2024[114]. - The total number of common stock shareholders at the end of the reporting period was 36,077[116]. - The company approved the release of 3,648,000 restricted shares for 124 incentive recipients, effective May 28, 2024[113]. - The company reported a total of 3,653,025 restricted shares released during the period, with 6,923,975 remaining at the end[115]. Risk Management - The company has identified several risks, including policy, market competition, supply chain, technology development, and economic environment risks, and is implementing strategies to mitigate these risks[75][79]. - The company has maintained good integrity, with no significant debts or court judgments outstanding during the reporting period[95]. - There were no significant lawsuits or arbitration matters during the reporting period, indicating a stable legal environment for the company[92]. Employee Welfare and Community Engagement - The company has implemented a comprehensive employee welfare program, including competitive salaries and various support activities to enhance employee satisfaction[91]. - The company has established a volunteer program, "Yunda Volunteer Home," focusing on community service and social responsibility initiatives[90].

证券代码：300772 证券简称：运达股份 公告编号：2024-078 运达能源科技集团股份有限公司 第五届监事会第十六次会议决议公告 本公司及监事会全体成员保证信息披露内容的真实、准确和完整，没有虚假记载、 误导性陈述或重大遗漏。 一、监事会会议召开情况 运达能源科技集团股份有限公司（以下简称"公司"）第五届监事会第十六次会议于 2024 年 8 月 29 日以通讯方式召开，会议通知及会议资料于 2024 年 8 月 19 日以传真、 电子邮件或专人送达等方式送达各位监事。公司全体监事参加了本次会议，本次会议召 开和表决符合《公司法》和《公司章程》的规定。 二、监事会会议审议情况 与会监事审议并一致通过了以下议案： （一）《关于 2024 年半年度报告全文及其摘要的议案》； 根据《证券法》及其他有关法律、法规的相关规定，公司监事会对公司《关于 2024 年半年度报告全文及其摘要的议案》发表如下审核意见： 表决情况：同意 3 票，反对 0 票，弃权 0 票。 具体内容详见公司于巨潮资讯网（http://www.cninfo.com.cn）同日披露的《运达 能源科技集团股份有限公司 2024 年半年度报告摘要》 ...

本次对外投资事项不构成关联交易，亦不构成《上市公司重大资产重组管理 办法》规定的重大资产重组。 二、投资项目的基本情况 证券代码：300772 证券简称：运达股份 公告编号：2024-082 运达能源科技集团股份有限公司 关于对外投资的公告 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。 运达能源科技集团股份有限公司（以下简称"公司"）于 2024 年 8 月 29 日 召开第五届董事会第二十一次会议审议通过了《关于投资建设五星岭 90MW 风电 项目的议案》，公司拟投资建设茶林五星岭 9 万千瓦风电项目（以下简称"五星 岭项目"）。 一、对外投资概述 鉴于五星岭项目风资源较好，预计项目收益情况较好，公司拟以全资控股的 双牌运达丰鹏新能源有限公司（以下简称"丰鹏公司"）为主体，投资建设五星 岭项目，项目总投资为 64,056 万元。 本次对外投资事项经公司第五届董事会第二十一次会议审议通过。根据《深 圳证券交易所创业板股票上市规则》《公司章程》和公司《对外投资管理制度》 等相关规定，本次对外投资事项在董事会审议权限范围内，无需提交股东大会审 议。 项目实施地点 ...