| 证券代码：300775 | 证券简称：三角防务 | 公告编号：2024-040 | | --- | --- | --- | | 债券代码：123114 | 债券简称：三角转债 | | 西安三角防务股份有限公司 关于质量回报双提升行动方案的进展公告 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。 西安三角防务股份有限公司（以下简称"公司"）为践行中央 政治局会议提出的"要活跃资本市场、提振投资者信心"及国常会 指出的"要大力提升上市公司质量和投资价值，要采取更加有力有 效措施，着力稳市场、稳信心"的指导思想，制定了"质量回报双 提升"行动方案 。具体内容详见公司于 2024 年 2 月 29 日在巨潮资 讯网（http://www.cninfo.com.cn）披露的《关于推动质量回报双 提升行动方案的公告》（公告编号：2024-013）。关于质量回报双 提升行动方案的落实进展情况如下： 一、聚焦主业发展，稳健增长，迈向世界一流航空锻造企业 公司长期聚焦主业发展，弘扬企业家精神和工匠精神，坚持扎 根实业、深耕主业、做精专业，培养核心竞争力，守正创新，致力 成为 ...

Investment Rating - The investment rating for the company is "Buy" and is maintained [15][34]. Core Insights - The company experienced short-term pressure in Q1 due to a high base from the previous year, but the gross profit margin remains high, and the overall performance for the year is expected to maintain a medium to high growth rate [4][15]. - In Q1 2024, the company reported revenue of 643 million, a decrease of 2.28% year-on-year, and a net profit attributable to the parent company of 209 million, down 4.04% year-on-year [6]. - The company is leveraging its core technology in large forging and has a multi-model coverage to strengthen its risk resistance, indicating that the impact of a single model's slowdown on overall performance is limited [15][24]. Financial Performance Summary - For 2023, the total revenue is projected at 2,494 million, with expectations to grow to 3,016 million in 2024, 3,784 million in 2025, and 4,769 million in 2026 [17]. - The gross profit for 2023 is estimated at 1,090 million, with a gross profit margin of 44%, expected to remain stable at 44% in 2024 and 2025, and slightly increase to 45% in 2026 [17]. - The net profit attributable to the parent company is forecasted to be 815 million in 2023, increasing to 1,016 million in 2024, 1,279 million in 2025, and 1,630 million in 2026, reflecting a year-on-year growth rate of 25%, 26%, and 27% respectively [24]. Market Position and Strategy - The company is actively preparing for downstream demand recovery, as indicated by a significant increase in prepaid expenses, which rose by 26.03% year-on-year to 12 million at the end of Q1 2024 [24]. - The company’s construction projects are continuously improving, with the total construction in progress reaching 355 million at the end of 2023, indicating ongoing capacity expansion [24]. - The company maintains a high level of profitability despite the trend towards lower-cost equipment in the industry, showcasing its competitive edge in high-value-added products [24].

三角防务（300775） 买入（维持） [Table_Tag] [Table_Summary] 事件：公司发布 2023 年年度报告。2023 年实现营收 24.94 亿元，较上年 同期增幅 32.90%。归属母公司股东的净利润 8.15 亿元，同比增长 30.39%。 投资要点 ◼ 定增获批，3 家子公司在三地成功设立：公司去年向特定对象发行股票 事项的新增股份预登记手续于 2023 年 1 月 9 日在中国证券登记结算有 限责任公司深圳分公司办理完成，本次定向增发股份限售期六个月，解 除限售股份数量为 5,000 万股。公司于 2023 年 7 月 21 日完成了 2022 年限制性股票激励计划预留部分授予登记工作,预留部分授予的激励对 象授予人数为 10 人,授予的股份为 93.25 万股。2023 年度新设 3 家子公 司：沈阳三角防务科技有限责任公司于 2023 年 2 月设立，成都三航科 技有限责任公司于 2023 年 5 月设立，上海三角航空科技有限公司于 2023 年 10 月设立。三家子公司的成立是公司的里程碑事件，其将为公 司在承接国产大飞机零件加工和部段装配等业务上发挥重要作用，是公 司 ...

2023 年营收增长 33%；业务板块升级完善 2024 年 04 月 20 日 ➢ 事件：4 月 19 日，公司发布 2023 年年报，全年实现营收 24.9 亿元，YOY +32.9%；归母净利润 8.1 亿元，YOY +30.4%。同时发布 2024 年一季报，1Q24 实现营收 6.4 亿元，YOY -2.3%；归母净利润 2.1 亿元，YoY -4.0%。业绩表现 符合市场预期。2023 年公司市场开拓取得成就，超额完成全年目标。 ➢ 4Q23 营收增长 32%；净利率保持在较高水平。1）单季度看：公司 4Q23 实现营收 5.5 亿元，YoY +31.9%；归母净利润 2.0 亿元，YoY +27.1%。2）盈 利能力：公司 2023 年毛利率同比减少 2.5ppt 至 43.7%；净利率同比减少 0.6ppt 至 32.7%。4Q23 毛利率同比减少 3.6ppt 至 46.6%；净利率同比减少 1.4ppt 至 36.3%。1Q24 毛利率同比减少 3.9ppt 至 43.7%；净利率同比减少 0.6ppt 至 32.5%。公司产品结构调整影响毛利率；净利率有波动但仍保持在较高水平。 ➢ 自由 ...

持续督导之2023年度定期现场检查报告 中航证券有限公司关于西安三角防务股份有限公司 | 保荐人名称：中航证券有限公司 被保荐公司简称：三角防务 | | | | | --- | --- | --- | --- | | 保荐代表人姓名：梅宇 联系电话：0755-33066884 | | | | | 保荐代表人姓名：司维 联系电话：0755-33066884 | | | | | 现场检查人员姓名：梅宇、刘天竹、高小芳 | | | | | 现场检查对应期间：2023年度 | | | | | 现场检查时间：2023年4月8日至4月11日 | | | | | 一、现场检查事项 现场检查意见 | | | | | （一）公司治理 | 是 | 否 | 不适用 | | 现场检查手段：1、查阅公司章程、各项规章制度；2、查阅公司历次董事会、监事 | | | | | 会、股东大会文件,包括会议通知、签到表、会议记录、会议决议、公告等；3、访谈 | | | | | 公司相关人员。 | | | | | 1.公司章程和公司治理制度是否完备、合规 | √ | | | | 2.公司章程和三会规则是否得到有效执行 | √ | | | | 3. ...

Financial Performance - The company's operating revenue for 2023 was ¥2,493,827,369.32, representing a 32.90% increase from ¥1,876,491,021.24 in 2022[29] - The net profit attributable to shareholders for 2023 was ¥814,522,472.08, a 30.39% increase compared to ¥624,675,407.22 in 2022[29] - The net profit after deducting non-recurring gains and losses was ¥767,772,998.98, up 24.39% from ¥617,227,373.57 in the previous year[29] - The total assets at the end of 2023 amounted to ¥8,363,171,945.78, a 19.98% increase from ¥6,970,680,290.08 at the end of 2022[29] - The net assets attributable to shareholders increased by 17.24% to ¥5,511,694,222.78 from ¥4,701,283,477.70 in 2022[29] - The basic earnings per share for 2023 was ¥1.48, reflecting a 17.46% increase from ¥1.26 in 2022[29] - Operating profit for the year was 944.00 million yuan, up 31.86% compared to the previous year[73] - The total profit amounted to 943.24 million yuan, reflecting a growth of 31.56% year-on-year[73] Cash Flow and Investments - The cash flow from operating activities showed a net outflow of ¥40,400,891.02, a significant decrease of 109.50% compared to a net inflow of ¥425,118,108.79 in 2022[29] - The company has received government subsidies amounting to 46.71 million yuan during the reporting period, significantly higher than the previous year's 8.63 million yuan[62] - The net cash flow from investing activities decreased by 79.34% year-on-year, primarily due to an increase in cash paid for investments during the reporting period[124] - The net cash flow from financing activities decreased by 63.71% year-on-year, mainly due to the previous period's fundraising from a specific stock issuance[124] Research and Development - The company has a strong focus on research and development, with an emphasis on producing high-strength, high-precision forgings to meet the needs of new aircraft models[54] - The company focuses on the research and development of titanium alloys, high-temperature alloys, and high-strength steel forgings, continuously improving its product development and service system[56] - Research and development expenses increased by 43.25% to ¥83,408,101.02, reflecting the company's increased investment in R&D[94] - R&D investment in 2023 amounted to ¥110,164,965.79, representing 4.42% of operating revenue, an increase from 3.61% in 2022[113] - The number of R&D personnel increased by 50% from 42 in 2022 to 63 in 2023[120] Market Position and Strategy - The company operates in the aerospace and defense equipment manufacturing industry, focusing on special alloy forgings used in aircraft structures and engine components[53] - The company aims to enhance its competitive capabilities by participating in high-end military product markets, encouraged by national reforms in state-owned military enterprises[54] - The company is positioned to benefit from the increasing demand for military aircraft and components as China modernizes its military capabilities[53] - The military transport aircraft fleet in China is expected to grow significantly to meet strategic transport needs, as current numbers are low compared to the United States[53] Production and Capacity - The company has established strong technical research and production capabilities, with dedicated research centers for large component forging and difficult-to-deform materials[58] - The production capacity has been enhanced with advanced equipment, leading to improved cost control and operational efficiency[81] - The company has completed the first batch of trial production for new high-temperature alloy ring rolling technology, enhancing product competitiveness[120] - The company is in the key technology R&D phase for new generation aircraft ultra-high strength steel forgings, with initial trial production completed[120] Shareholder and Financial Structure - The total number of shares increased to 550,235,074, representing a 10.00% increase from the previous total of 499,291,984 shares[154] - The company has a significant shareholder, Xi'an Aviation Industry Investment Co., Ltd., holding 60,000,000 shares, which accounts for a substantial portion of the total shares[160] - The company has no derivative investments reported during the reporting period, indicating a conservative investment strategy[130] - The company has no actual controller or controlling shareholder, ensuring a diversified ownership structure[173] Customer and Supplier Relationships - The company has entered the supply chain of major manufacturers in the aerospace, aviation, and shipbuilding sectors, with products used in next-generation military aircraft and engines[56] - Total sales from the top five customers amounted to ¥2,448,318,795.94, representing 98.18% of the annual total sales[92] - The largest customer, China Aviation Industry Group, contributed ¥2,144,786,289.11, accounting for 86.00% of total sales[92] - Total procurement from the top five suppliers was ¥870,719,841.13, which is 81.16% of the annual total procurement[92]

Financial Performance - The company's revenue for Q1 2024 was ¥643,489,144.94, a decrease of 2.28% compared to ¥658,499,725.61 in the same period last year[7] - Net profit attributable to shareholders was ¥209,417,207.94, down 4.04% from ¥218,228,351.74 year-on-year[7] - Operating profit for Q1 2024 was CNY 245,700,171.20, down 3.6% from CNY 254,162,498.39 in the previous year[35] - Net profit margin for Q1 2024 was approximately 38.2%, compared to 38.5% in the previous year[35] - Basic and diluted earnings per share are both CNY 0.38, down from CNY 0.40 in the previous period[38] Cash Flow - The net cash flow from operating activities was -¥197,308,411.34, a significant decline of 234.61% compared to ¥146,578,736.27 in the previous year[19] - Cash flow from operating activities shows a net outflow of CNY -197,308,411.34, compared to a net inflow of CNY 146,578,736.27 in the previous period[40] - Total cash inflow from operating activities is CNY 181,421,042.59, significantly lower than CNY 445,876,481.23 in the previous period[40] - Cash outflow for purchasing goods and services is CNY 275,912,218.38, an increase from CNY 228,190,529.14 in the previous period[40] - Cash flow from investing activities shows a net outflow of CNY -57,402,151.78, compared to CNY -124,168,856.53 in the previous period[40] - Cash flow from financing activities results in a net inflow of CNY 388,394,782.73, up from CNY 72,973,210.25 in the previous period[46] Assets and Liabilities - Total assets increased by 5.38% to ¥8,812,928,140.02 from ¥8,363,171,945.78 at the end of the previous year[7] - Total liabilities rose to CNY 3,085,871,950.13, compared to CNY 2,851,477,723.00 at the beginning of the period[31] - Cash and cash equivalents increased by 40.16% to ¥133,684,219.61 compared to ¥95,383,089.99 in the previous year[19] - Accounts receivable increased significantly to CNY 2,269,584,615.02, up from CNY 1,790,547,469.21[29] - Inventory decreased to CNY 835,947,858.55 from CNY 976,541,588.50 at the beginning of the period[29] Shareholder Information - The total number of common shareholders at the end of the reporting period is 39,605, with the top 10 shareholders holding a combined 39.05% of shares[20] - Xi'an Aviation Industry Investment Co., Ltd. holds 10.90% of shares, amounting to 60,000,000 shares, while Sansen Industrial Investment Hubei Co., Ltd. holds 6.55% with 36,042,500 shares[20] - The top 10 shareholders collectively hold 80.15% of the shares, indicating a high concentration of ownership[22] - The largest shareholder, Xi'an Aviation Industry Investment Co., Ltd., has pledged 30,000,000 shares, indicating a potential liquidity risk[20] - The company has no reported related party transactions among the top 10 shareholders, ensuring transparency in ownership[22] Research and Development - Research and development expenses decreased by 39.56% to ¥10,871,128.10 from ¥17,985,497.00 in the same period last year[19] - The company reported a decrease in research and development expenses to CNY 10,871,128.10 from CNY 17,985,497.00 in the previous year[35] Strategic Focus - The report indicates that there are no new strategies or significant market expansions mentioned in the current quarter[24] - The company is focused on maintaining its current shareholder structure and ensuring compliance with regulatory requirements[24] Stock Incentive Plan - The company has a stock incentive plan with 2,399,000 shares subject to restrictions, which will be released in three phases based on performance evaluations[25] - The total number of restricted shares at the beginning of the period was 18,700,750, with 190,625 shares released during the period, leaving 18,510,125 restricted shares at the end[25]

公司2023年度报告合并报表归属于上市公司股东的净利润为 814,522,472.08元，母公司2023年度净利润为748,910,739.16元。 根据《公司章程》的规定，扣除本报告期提取法定盈余公积金后， 公司合并报表可供股东分配的利润为2,120,047,786.75元，母公司 可供股东分配的利润1,996,575,401.57元。 公司拟以未来实施2023年度利润分配方案时股权登记日的总股 本为基数，每10股派送现金股利1.82元（含税），分配方案公告后 至实施前，公司总股本由于可转债转股等原因而发生变化的，将按 照分配比例不变的原则调整分配总额，剩余未分配利润结转至下 年。 二、2023年度利润分配预案的合理性、合规性 本次利润分配预案综合考虑了公司的盈利状况、经营发展、合 理回报股东等情况。不会对公司经营现金流产生重大影响，不会影 响公司正常经营和发展，符合《公司法》、《关于进一步落实上市 公司现金分红有关事项的通知》、《上市公司监管指引第3号——上 市公司现金分红》及《公司章程》等相关规定，符合公司的利润分 配政策和股东回报规划，具备合法性、合规性、合理性。 证券代码：300775 证券简称：三 ...

西安三角防务股份有限公司 募集资金存放与使用情况鉴证报告 大华核字[2024]0011010661 号 一、 募集资金存放与使用情况鉴证报告 1-2 二、 西安三角防务股份有限公司 2023 年度募集资 金存放与使用情况的专项报告 1-18 大 华 会 计 师 事 务 所 (特 殊 普 通 合 伙 ) Da Hua Certified Public Accountants（Special General Partnership） 西安三角防务股份有限公司 募集资金存放与使用情况鉴证报告 （2023 年度） 目 录 页 次 大华会计师事务所（特殊普通合伙） 北京市海淀区西四环中路 16 号院 7 号楼 12 层 [100039] 电话：86 (10) 5835 0011 传真：86 (10) 5835 0006 www.dahua-cpa.com 募 集 资 金 存 放 与 使 用 情 况 鉴 证 报 告 大华核字[2024]0011010661 号 西安三角防务股份有限公司全体股东： 我们审核了后附的西安三角防务股份有限公司（以下简称三角防 务公司）《2023 年度募集资金存放与使用情况的专项报告》（以下 简 ...

证券代码：300775 证券简称：三角防务 公告编号：2024-037 债券代码：123114 债券简称：三角转债 西安三角防务股份有限公司 关于公司向银行申请综合授信额度的公告 本公司及董事会全体成员保证信息披露内容的真实、准确、完整， 没有虚假记载、误导性陈述或重大遗漏。 西安三角防务股份有限公司（以下简称"公司"）于2024年4月19 日召开第三届董事会第十五次会议，审议通过了《关于公司向银行申请 综合授信额度的议案》。根据《公司法》《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，该事项已经董事会审议通过，无 需提交公司股东大会审议。现将相关事项公告如下： 一、 申请综合授信额度的情况 西安三角防务股份有限公司 董事会 2024 年 4 月 19 日 向银行申请综合授信额度方案： （一）向交通银行股份有限公司陕西省分行申请综合授信额度人民 币5亿元，该综合授信事项有效期为2年。 以上授信额度并非公司实际融资金额，实际融资金额应在授信额度 内以相关银行与公司实际发生的融资金额为准。授信业务范围包括但不 限于流动资金贷款、开立银行承兑汇票、保函、信用证、商票保贴等。 具体授信金额、授信方式等最 ...