西安中熔电气股份有限公司 2024 年度董事会工作报告 2024 年度，西安中熔电气股份有限公司（以下简称"公司"）董事会严格按照《中华人 民共和国公司法》、《中华人民共和国证券法》、《深圳证券交易所创业板股票上市规则》、 《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》、《公司章程》 及《董事会议事规则》等法规和制度的规定，忠实勤勉地履行相关职责。报告期内董事会严 格执行股东大会各项决议，不断规范公司法人治理结构，确保董事会科学决策和规范运作。 一、报告期经营情况 2024 年度公司实现营业收入 1,420,927,385.78 元，比上年同期增长 34.11%。 公司主营业务为熔断器及相关配件的研发、生产和销售，主要产品为电力熔断器、电子 类熔断器、激励熔断器（高速电路开断器）及智能熔断器（智能高速电路开断器），其中主 导产品为电力熔断器，激励熔断器及智能熔断器也逐步呈上升趋势，现有 120 余个产品系列、 9,000 多种产品规格。 激励熔断器（高速电路开断器）、智能熔断器（智能高速电路开断器）已形成 500VDC、 1000VDC、1500VDC 三个平台系列产品，可应用于新能 ...

关于召开2024年年度股东大会的通知 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。 西安中熔电气股份有限公司（以下简称"公司"或"中熔电气"）第三届董事会第二十次会议审 议通过了《关于召开2024年年度股东大会的议案》，决定于2025年5月12日（星期一）召开2024年年度股 东大会。现将会议有关事项公告如下： 一、召开会议的基本情况 1、会议届次：2024年年度股东大会 2、股东大会的召集人：公司第三届董事会 证券代码：301031 证券简称：中熔电气 公告编号：2025-012 西安中熔电气股份有限公司 3、会议召开的合法、合规性：本次股东大会的召开符合有关法律、行政法规、部门规章、规范 性文件、深圳证券交易所业务规则和公司章程等规定。 4、会议召开的日期、时间： （1）现场会议召开时间：2025年5月12日（星期一）下午14:30。 7、出席对象： （一）截至2025年5月7日（星期三）下午深圳证券交易所收市时，在中国证券登记结算有限责任 公司深圳分公司登记在册的本公司全体股东均有权出席股东大会，并可以以书面形式委托代理人出席 会议和参加表决，该股东代 ...

西安中熔电气股份有限公司监事会 证券代码：301031 证券简称：中熔电气 公告编号：2025-040 公司监事会审阅了公司2024年度内部控制自我评价报告，现发表审核意见如下： 公司已根据中国证监会、深圳证券交易所的有关规定，结合自身的实际情况，建立 健全了各项内部控制制度，符合公司现阶段经营管理的发展需求，保证了公司各项 业务的健康运行及经营风险的控制。报告期内公司的内部控制体系规范、合法、有 效，未有违反法律法规、深圳证券交易所《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》及《公司章程》和公司内部控制制度的情形发 生。公司《2024年度内部控制自我评价报告》全面、客观、真实地反映了公司内部 控制体系建设、完善和运行的实际情况。 西安中熔电气股份有限公司监事会 2025年4月21日 对公司内部控制自我评价报告的审核意见 根据《中华人民共和国公司法》、《企业内部控制基本规范》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》等法律、法规和规范 性文件的要求，西安中熔电气股份有限公司（以下简称"公司"）董事会对公司 2024年度内部控制进行了自我评价，并出具了 ...

证券代码：301031 证券简称：中熔电气 公告编号：2025-011 西安中熔电气股份有限公司 第三届监事会第十九次会议决议公告 本公司及监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。 一、监事会会议召开情况 西安中熔电气股份有限公司（以下简称"公司"）第三届监事会第十九次会议通 知于2025年4月3日以电子邮件、微信等通讯方式向全体监事发出，监事会于2025年4月 18日以现场结合通讯表决方式在公司会议室召开。本次会议应出席监事3名，实到3名。 本次会议由监事会主席贾钧凯先生召集和主持。 本次监事会会议的召集和召开符合《中华人民共和国公司法》（以下简称《公司 法》）等相关法律法规及《公司章程》、《监事会议事规则》等公司内部制度的有关规定。 二、监事会会议审议情况 本次会议经与会监事认真审议，形成如下决议： （一）审议并通过《关于〈2024年年度报告〉及其摘要的议案》 根据《中华人民共和国证券法》（以下简称《证券法》）第八十二条规定和中国 证监会、深圳证券交易所有关规定的要求，监事会对董事会编制的公司《2024年年度 报告》及其摘要进行了认真的审核，认为：董事会编制 ...

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。 一、董事会会议召开情况 西安中熔电气股份有限公司（以下简称"公司"）第三届董事会第二十次会议 通知于2025年4月3日以电子邮件、微信等通讯方式向全体董事发出，董事会于2025年 4月18日以现场结合通讯表决方式在公司会议室召开。本次会议应出席董事9名，实际 出席董事9名。本次会议由董事长方广文先生召集和主持，公司监事、高级管理人员 列席了本次会议。 本次董事会会议的召集和召开符合《中华人民共和国公司法》（以下简称《公司 法》）、《公司章程》及公司《董事会议事规则》等相关法律法规及公司内部制度的有关 规定。 二、董事会会议审议情况 证券代码：301031 证券简称：中熔电气 公告编号：2025-010 西安中熔电气股份有限公司 第三届董事会第二十次会议决议公告 本次会议经与会董事认真审议，形成如下决议： （一）审议并通过《关于〈2024年年度报告〉及其摘要的议案》 公 司 2024 年 度董事会工作报告的具体内容详见同日披露在巨潮资讯网 （www.cninfo.com.cn）披露的《2024年度董事会工作报告》。 ...

证券代码：301031 证券简称：中熔电气 公告编号：2025-025 西安中熔电气股份有限公司 关于2024年度利润分配预案及2025年中期现金分红建议方案的公告 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。 西安中熔电气股份有限公司（以下简称"公司"）于2025年4月18日召开了第三届 董事会第二十次会议、第三届监事会第十九次会议，审议通过了《关于2024年度利润分配 预案及2025年中期现金分红建议方案的议案》，现将相关具体内容公告如下： 二、2025年中期现金分红建议方案 （1）2025年中期现金分红的条件 公司拟在2025年进行中期现金分红的，须满足经公司董事会审议通过的2025年中 1 期合并报表营业收入同比增长不低于10%。（该指标不构成公司对投资者的业绩预测和 实质承诺）。 （2）2025年中期现金分红金额上限及提议期限 公司拟在2025年进行中期现金分红的，分红金额上限为以每10股派发现金红利0.7 元（含税）为上限，公司应制定具体分红方案与相应期间的定期报告（半年度报告或 第三季度报告）同时提交董事会审议并披露。 一、利润分配预案基本情况 ...

Financial Performance - The company's operating revenue for 2024 reached ¥1,420,927,385.78, representing a 34.11% increase compared to ¥1,059,555,763.32 in 2023[21] - The net profit attributable to shareholders for 2024 was ¥186,939,254.43, a significant increase of 59.80% from ¥116,983,950.70 in 2023[21] - The basic earnings per share for 2024 increased to ¥2.83, up 59.89% from ¥1.77 in 2023[21] - The total assets of the company at the end of 2024 were ¥2,239,158,951.08, reflecting a growth of 33.03% from ¥1,683,226,155.36 at the end of 2023[21] - The net cash flow from operating activities for 2024 was ¥122,221,058.65, an increase of 44.29% compared to ¥84,705,780.27 in 2023[21] - The total net assets attributable to shareholders at the end of 2024 were ¥1,160,005,545.71, a 17.70% increase from ¥985,522,220.16 at the end of 2023[21] - The company reported a quarterly revenue of ¥455,154,934.17 in Q4 2024, showing a strong performance in the last quarter[23] - The company reported a net profit of 3,055,462.47 yuan for the current period, compared to 2,532,036.63 yuan in the previous year, reflecting a year-over-year increase of approximately 20.7%[28] Market Expansion and Strategy - The company is actively expanding into emerging markets such as artificial intelligence data centers and eVOLT, focusing on high-end low-voltage power fuses[32] - The company has established stable partnerships with major clients in the electric vehicle supply chain, including CATL, BYD, and Tesla, among others[33] - The company has achieved significant market expansion in Europe, North America, Japan, and South Korea, with positive performance results[32] - The penetration rate of incentive fuses and smart fuses in the new energy vehicle sector continues to rise, with the company collaborating with major domestic and international automotive manufacturers such as Tesla and Daimler[42] - The company is actively involved in the formulation of national standards for energy storage fuses and is developing competitive products for the energy storage market, collaborating with clients like CATL and BYD[43] - The company aims to expand its product line related to energy protection, focusing on strategic industries such as wind power, photovoltaics, energy storage, and electric transportation, while increasing its international business share[102] Research and Development - The company has a total of 279 valid patents as of March 2025, including 266 domestic patents and 13 overseas patents, with 33 invention patents[33] - The company focuses on the research, production, and sales of fuses, with main products including power fuses, incentive fuses, and smart fuses, which are crucial for circuit protection in various applications[35] - The company is currently developing several new products, including a series of intelligent fuses and photovoltaic fuses, aimed at enhancing product competitiveness[68] - The company plans to enhance R&D investment, particularly in new products like intelligent circuit breakers and current sensors, to meet customer demands and improve product differentiation[103] - The company will continue to invest in R&D for new products, including smart circuit breakers and lightning protection devices, while collaborating with universities and research institutions for technological advancements[108] Financial Management and Governance - The company has established a complete business system and independent operational capability in the market, ensuring independence from the actual controller in assets, personnel, finance, institutions, and business[128] - The company has implemented a governance structure that enhances the coordination and checks and balances among power, decision-making, supervision, and management[125] - The company has a strict financial accounting system and independent financial decision-making capabilities, ensuring no shared bank accounts with the actual controller[128] - The company has disclosed a total of 82 announcements and documents in 2024, with a 100% response rate to investor inquiries through the Shenzhen Stock Exchange's interactive platform[126] - The company has implemented effective risk prevention measures in engineering project management, ensuring normal and effective execution of all project phases in 2024[197] Investor Relations - The company conducted multiple investor meetings in 2024, including online and in-person sessions, to discuss company performance and address investor concerns[119][120] - The meetings involved discussions with various institutional investors, including UBS Securities, Galaxy Securities, and others, focusing on the company's situation and investor inquiries[119][120] - The company emphasized its commitment to transparency and communication with investors throughout the reporting period[119][120] - The investor relations activities included detailed presentations on the company's performance metrics and strategic initiatives[119][120] - The discussions highlighted the importance of investor feedback in shaping the company's future strategies and operations[119][120] Employee Management and Development - The total number of employees at the end of the reporting period is 1,379, with 1,279 from the parent company and 100 from major subsidiaries[165] - The employee composition includes 780 production personnel, 77 sales personnel, 296 technical personnel, 24 financial personnel, and 202 administrative personnel[165] - The company has conducted 68 specialized training sessions to enhance employee skills and leadership development[168] - The company has established a professional English talent team of 70 individuals to support its international strategy[168] - The company has implemented a performance-based compensation system to attract and retain core talent[167] Product and Quality Management - The company's products are certified under various international quality management systems, including IATF16949 and ISO9001, ensuring high standards of quality control[34] - The company has adopted various quality management systems, including IATF16949 and ISO9001, to ensure product quality meets customer requirements[191] - The company has established performance assessment systems for sales departments, linking rewards to market information collection and sales return indicators[190] Future Outlook - The company provided a future outlook with a revenue guidance of $600 million for the next quarter, representing a 20% increase[3] - The company plans to implement a new marketing strategy aimed at increasing brand awareness by 40% over the next six months[8] - The company plans to continue expanding its market presence and product offerings, driven by technological innovation and quality control[52] - The company aims to enhance its core competitiveness and ensure effective use of raised funds by adjusting the investment projects in response to market needs[97]

Revenue and Profitability - The company's revenue for Q1 2025 reached ¥390,041,245.37, representing a 44.98% increase compared to ¥269,023,360.53 in the same period last year[5] - Net profit attributable to shareholders was ¥60,754,912.04, a significant increase of 125.81% from ¥26,905,646.75 year-on-year[5] - The basic earnings per share rose to ¥0.9167, up 125.79% from ¥0.4060 in the previous year[5] - Total operating revenue for the current period reached ¥390,041,245.37, a significant increase of 45% compared to ¥269,023,360.53 in the previous period[17] - Net profit for the current period was ¥60,328,712.73, representing a 124.5% increase from ¥26,905,646.75 in the previous period[18] - Earnings per share (EPS) for the current period was ¥0.9167, compared to ¥0.4060 in the previous period, reflecting a 126.5% increase[19] - The company reported a total comprehensive income of ¥60,278,212.49 for the current period, compared to ¥26,268,333.67 in the previous period, indicating a growth of 129.0%[19] Assets and Liabilities - The total assets at the end of the reporting period were ¥2,461,420,309.13, reflecting a 9.93% increase from ¥2,239,158,951.08 at the end of the previous year[5] - Total current assets amount to ¥1,767,082,723.18, an increase from ¥1,572,895,766.66 at the beginning of the period[15] - Total liabilities increased to ¥1,216,482,157.81, up from ¥1,079,153,405.37, indicating a growth of 12.7%[16] - Total equity attributable to shareholders rose to ¥1,232,889,488.62, compared to ¥1,160,005,545.71, marking a 6.2% increase[16] - Short-term borrowings increased to ¥329,604,927.22 from ¥231,719,892.97[15] - Long-term borrowings increased to ¥162,032,113.99 from ¥115,701,491.11, representing a growth of 40.0%[16] Cash Flow - Cash flow from operating activities showed a net outflow of ¥33,475,857.65, worsening by 30.44% compared to a net outflow of ¥25,664,506.00 in the same period last year[5] - Cash generated from operating activities was ¥335,514,960.70, an increase of 38.7% from ¥242,072,637.96 in the previous period[21] - Cash inflow from operating activities was 347,034,612.30, compared to 246,738,220.99, showing growth in operational revenue[22] - Total cash inflow from financing activities was 142,448,716.94, up from 78,310,514.02, reflecting increased borrowing[22] - The net cash flow from financing activities was 139,566,173.15, significantly higher than 6,836,044.09 in the previous period, indicating improved financing conditions[22] - Cash and cash equivalents at the end of the period totaled 356,222,973.52, compared to 100,688,492.41 in the previous period, showing a significant increase[22] Research and Development - The company’s R&D expenses increased by 10.57% to ¥3,446.38 million, up from ¥3,117 million year-on-year[8] - Research and development expenses for the current period were ¥34,463,788.77, up from ¥31,170,044.86, reflecting an increase of 10.4%[18] Shareholder Information - Total number of common shareholders at the end of the reporting period is 8,023[12] - The largest shareholder, Fang Guangwen, holds 13.50% of shares, totaling 8,949,000 shares[12] - The top ten shareholders have a combined holding of over 50% of the company's shares[12] Other Financial Metrics - The company experienced a 191.03% increase in contract liabilities, reaching ¥436.48 million, attributed to an increase in advance payments from customers[7] - The company’s weighted average return on equity improved to 5.08%, up from 0.67% in the previous year[5] - Total operating costs amounted to ¥326,157,521.59, up 32.8% from ¥245,413,209.08 in the prior period[17] - Cash outflow from investing activities was 38,302,330.69, compared to 28,152,849.21 previously, indicating higher investment expenditures[22] - Cash outflow for employee payments was 88,987,633.91, up from 77,687,161.89, reflecting increased labor costs[22] - Total cash outflow from operating activities was 380,510,469.95, compared to 272,402,726.99, indicating higher operational expenses[22] Audit Information - The company did not undergo an audit for the first quarter report, which may affect the reliability of the financial data presented[23]

Email：zengbiao@zts.com.cn 其他电子Ⅱ 执业证书编号：S0740522020001 执业证书编号：S0740522080002 Email：zhubr@zts.com.cn | 基本状况 | | | --- | --- | | 总股本(百万股) | 66.28 | | 流通股本(百万股) | 47.67 | | 市价(元) | 104.89 | | 市值(百万元) | 6,951.84 | | 流通市值(百万元) | 4,999.94 | 股价与行业-市场走势对比 中熔电气（301031.SZ） 证券研究报告/公司点评报告 2025 年 04 月 10 日 | 评级： | 增持（维持） | 公司盈利预测及估值 | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | 指标 | | 2022A | 2023A | 2024E | 2025E | 2026E | | 分析师：曾彪 | | 营业收入（百万元） | | 755 | 1,060 | 1,384 | 1,821 | 2,300 | | | ...

关于西安中熔电气股份有限公司 中原证券股份有限公司 2024 年度持续督导定期现场检查报告 | 保荐人名称： 中原证券股份有限公司 被保荐公司简称： | | | 中熔电气 | | | | | --- | --- | --- | --- | --- | --- | --- | | 保荐代表人姓名： 刘军锋 0371-86538237 | | 联系电话： | | | | | | 保荐代表人姓名： 0371-86538237 | 习歆悦 | 联系电话： | | | | | | 现场检查人员姓名： 刘军锋、李凤、张可欣 | | | | | | | | 现场检查对应期间： 年度 | 2024 | | | | | | | 现场检查时间：2025 月 17 日至 2025 年 3 月 21 | 年 3 | 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）访谈公司管理层及有关人员； | | | | | | | | （2）查阅公司章程、"三会"文件及相关制度文件； | ...