关于回购公司股份进展的公告 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2024年7月9日召开了第 三届董事会第十六次会议，审议通过了《关于回购公司股份方案的议案》，同 意公司使用自有资金以集中竞价交易方式回购公司部分人民币普通股（A股） 股份（以下简称"本次回购"），用于实施股权激励计划或员工持股计划。本 次回购的资金总额不低于人民币2,000万元（含），不超过人民币4,000万元（ 含），回购价格上限不超过人民币100元/股（含）。回购股份的实施期限自公 司董事会审议通过回购方案之日起12个月内。具体内容详见公司2024年7月9日 和2024年7月16日刊登于巨潮资讯网（www.cninfo.com.cn）的《关于回购公司 股份方案的公告》（公告编号：2024-049）和《回购报告书》（公告编号： 2024-057）。公司于2024年7月18日于巨潮资讯网披露了《关于2023年年度权益 分派实施后调整回购股份价格上限的公告》（公告编号：2024-058），自2024 年7月17日起调整回购股份价格上限为99 ...

证券代码：301031 证券简称：中熔电气 公告编号：2024-069 西安中熔电气股份有限公司 关于2024年半年度利润分配预案的公告 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2024年8月27日召开了第三届 董事会第十八次会议、第三届监事会第十七次会议，审议通过了《关于2024年半年度利润 分配预案的议案》，现将相关具体内容公告如下： 一、利润分配预案基本情况 公司2024年半年度合并报表中归属于上市公司股东的净利润为65,399,855.65元， 母公司净利润为82,368,438.95元。截至2024年6月30日，合并报表累计未分配利润为 375,073,571.41元，母公司累计未分配利润为399,905,218.11元。 根据《上市公司自律监管指引第2号——创业板上市公司规范运作》等规定，按 照合并报表、母公司报表中可供分配利润孰低的原则，截至2024年6月30日，公司可供 股东分配利润的净利润为375,073,571.41元。 公司2024年生产经营状况良好，业绩符合预期，为更好地回报广大投资 ...

关于2024年半年度募集资金存放与实际使用情况的专项报告 根据中国证监会《上市公司监管指引第2号——上市公司募集资金管理和使用的监 管要求》、深圳证券交易所发布的《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》及相关格式指南的规定，西安中熔电气股份有限公司（以下简 称"公司"）编制了2024年半年度募集资金存放与实际使用情况报告，具体情况如下： 一、募集资金的基本情况 （一）实际募集资金金额、资金到账时间 证券代码：301031 证券简称：中熔电气 公告编号：2024-068 西安中熔电气股份有限公司 经中国证券监督管理委员会《关于同意西安中熔电气股份有限公司首次公开发行股 票注册的批复》（证监许可[2021]1962号）同意注册，公司首次公开发行人民币普通股 （A股）16,570,000.00股，每股发行价格为人民币26.78元，募集资金总额为人民币 443,744,600.00元，扣除发行费用（不含增值税金额）人民币47,560,943.06元后的募集 资金净额为人民币396,183,656.94元。 中天运会计师事务所（特殊普通合伙）于2021年7月12日对公司首次公开发行股票 ...

Financial Performance - The company's operating revenue for the first half of 2024 was ¥593,844,238.39, representing a 19.97% increase compared to ¥495,008,698.76 in the same period last year[10]. - The net profit attributable to shareholders was ¥65,399,855.65, up 15.00% from ¥56,868,309.80 in the previous year[10]. - The net profit after deducting non-recurring gains and losses was ¥63,708,673.12, reflecting a 13.91% increase from ¥55,930,574.77 year-on-year[10]. - The net cash flow from operating activities improved significantly to ¥47,877,346.36, a 197.18% increase from a negative cash flow of -¥49,264,250.20 in the same period last year[10]. - Basic earnings per share rose to ¥0.9868, marking a 15.01% increase from ¥0.858 in the previous year[10]. - The gross profit margin for electric fuses and accessories was 38.24%, with a slight decrease of 2.48% compared to the previous year[24]. - The company's comprehensive gross margin for the reporting period is 38.37%, maintaining a high level despite increasing competition in the new energy sector[47]. - The company reported a net profit margin of 12% for the first half of 2024, an increase from 10% in the same period last year[74]. Assets and Liabilities - Total assets at the end of the reporting period were ¥1,829,288,347.32, an 8.68% increase from ¥1,683,226,155.36 at the end of the previous year[10]. - The total liabilities increased to ¥781,776,079.35 from ¥697,703,935.20, marking an increase of about 12.04%[123]. - The company's equity attributable to shareholders rose to CNY 1,047,512,267.97, up from CNY 985,522,220.16, representing a growth of approximately 6.29%[123]. - Cash and cash equivalents at the end of the reporting period were CNY 195,298.54 million, down 2.16% from CNY 216,114.94 million at the end of the previous year[27]. - The total amount of government subsidies recognized in the current period was CNY 1,988,976.77, contributing 2.69% to the profit[26]. Research and Development - Research and development expenses rose by 15.25% to ¥63,484,386.72, reflecting ongoing efforts to enhance the R&D team's capabilities[23]. - The company is investing 50 million yuan in research and development for new technologies, aiming to enhance product efficiency by 30%[76]. - The company has developed high-speed circuit breakers and smart fuses, which are applicable in new energy vehicles and renewable energy sectors, enhancing its market presence[14]. Market Strategy and Partnerships - The main business of the company includes the research, production, and sales of fuses, with over 120 product series and more than 9,000 specifications[14]. - The company has established a clear strategic layout focusing on emerging industries, particularly in the high-end fuse market, and is expanding into new fields such as communication and rail transit[16]. - The company has formed partnerships with major automotive manufacturers, including SAIC Volkswagen and Tesla, for its incentive and smart fuses[17]. - The company is actively developing customized solutions for the growing energy storage market, collaborating with clients like CATL and BYD[17]. Cash Flow and Investment - The company reported a cash dividend of 1 yuan per share (including tax), totaling 6,627,742.70 yuan, which represents 100% of the distributable profit[55]. - The company plans to use CNY 13.95 million of the raised funds for the construction of an automated production line project, with CNY 11.49 million already utilized[37]. - The company has ongoing investments in construction projects, with capitalized construction in progress increasing to CNY 99,955,401.08 from CNY 70,671,932.52, reflecting an increase of about 41.25%[122]. Shareholder Information - The total number of shares for the cash dividend distribution is 66,277,427 shares[55]. - The company’s total shares outstanding are 66,277,427, with a breakdown of 44.88% being restricted shares[110]. - The largest shareholder, Fang Guangwen, holds 13.50% of the shares, amounting to 8,949,000 shares[111]. - The total number of shares pledged by the controlling shareholder or first major shareholder reached 80% of their holdings, indicating a high level of leverage[115]. Compliance and Governance - The company has not reported any new products or technologies in this earnings call, focusing instead on financial performance and operational metrics[130]. - The company did not experience any major litigation or arbitration matters during the reporting period[98]. - The company has not engaged in any related party transactions during the reporting period[99]. - The company has committed to compensating investors for any losses caused by false disclosures or omissions in the prospectus[91]. Future Outlook - For the second half of 2024, the company expects revenue to grow by an additional 15%, projecting a total revenue of approximately 575 million yuan[74]. - The company is focusing on expanding its market presence in Southeast Asia, with a target of entering two new countries by the end of 2024[73]. - The company is exploring potential mergers and acquisitions to strengthen its market position, with a budget of 200 million yuan allocated for this purpose[77].

| | 西安赛诺克新能 | 子公司 | 预付账款 | - | 1,260.00 | - | - | 1,260.00 | 采购商品 | 经营性资金 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | 源科技有限公司 | | | | | | | | | 占用 | | | Synoelec | 子公司 | 其他应收款 | 157.80 | 335.96 | | 63.14 | 430.62 | 资金往来 | 经营性往来 | | | Deutschland | | | | | - | | | | | | | GmbH | | | | | | | | | | | | SYNOELEC | 子公司 | 其他应收款 | 332.78 | 1,794.01 | | 232.88 | 1,893.91 | 资金往来 | 经营性往来 | | | TECHNOLOGY | | | | | - | | | | | | | PTE. LTD. | | | | | | | | | | | | Sinofuse Co., Ltd. | 子公司 ...

第三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。 证券代码：301031 证券简称：中熔电气 公告编号：2024-065 西安中熔电气股份有限公司 （二）审议并通过《关于<2024年半年度募集资金存放与使用情况的专项报告>的 议案》。 一、监事会会议召开情况 西安中熔电气股份有限公司(下称"公司")第三届监事会第十七次会议，于2024 年8月27日以现场结合通讯表决方式在公司会议室召开。会议通知及会议资料于2024 年8月19日以书面、电子邮件等方式向公司全体监事发出。本次会议应出席监事3名， 实际出席监事3名，会议由监事会主席贾钧凯先生召集并主持。本次会议的召开符合有 关法律、行政法规、部门规章、规范性文件和公司章程的规定。 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<西安中熔电气股份有限公司2024年半年度报告及摘要> 的议案》 监事会认为：董事会编制和审核公司2024年半年度报告的程序符合法律、行政法 规和中国证监会的规定，报告内容真实、准确、完整地反映了上市公司的实际情况， ...

证券代码：301031 证券简称：中熔电气 公告编号：2024-064 西安中熔电气股份有限公司 第三届董事会第十八次会议决议公告 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、误导性陈述或者重大遗漏。 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"）第三届董事会第十八次会 议（以下简称"会议"）于2024年8月19日以书面、电子邮件等方式送达全体董 事，会议于2024年8月27日以现场、通讯相结合的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，会议由董事长方广文先生主持，公司监 事及高级管理人员列席了会议。本次会议的召开符合有关法律、行政法规、部门 规章、规范性文件和公司章程的规定。 二、董事会会议审议情况 经与会董事认真审议，会议以记名投票表决方式通过了以下议案并形成如下决 议： （一）审议并通过《关于西安中熔电气股份有限公司2024年半年度报告及 摘要的议案》。 公司《2024年半年度报告》及《2024年半年度报告摘要》内容真实、准确、 完整地反映了公司的实际情况，不存在任何虚假记载、误导性陈述或者重大遗 漏。 表决情况：同意9票，反对 ...

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"）第三届董事会第十七次会议 通知于2024年8月5日以电子邮件、微信等通讯方式向全体董事发出，董事会于2024年 8月12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。 证券代码：301031 证券简称：中熔电气 公告编号：2024-062 西安中熔电气股份有限公司 第三届董事会第十七次会议决议公告 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。 详细内容请见公司 同 日 于 指 定 创 业 板 信 息 披 露 媒 体 （ 巨 潮 资 讯 网 http://www.cninfo.com.cn）披露的《关于公司拟参与竞拍土地使用权的公告》（公 告编号：2024-063）。 表决情况：9票同意、0票反对、0票弃权、0票回避。本 ...

西安中熔电气股份有限公司 关于公司拟参与竞拍土地使用权的公告 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。 一、交易概述 证券代码：301031 证券简称：中熔电气 公告编号：2024-063 1、宗地坐落：高新区细柳街道锦业二路以北、西太路以西。 四、本次竞拍土地使用权的目的和对公司的影响 本次参与竞拍土地使用权将用于赛诺克新能源科技园项目，为公司长远、健康、 可持续发展提供支撑。 五、风险提示 西安中熔电气股份有限公司（以下简称"公司"）于2024年8月12日召开第三届董 事会第十七次会议，审议通过《关于公司拟参与竞买GX3-4-41宗地的议案》，为满足公 司战略发展需要，同意公司以自有或自筹资金通过公开参与竞拍GX3-4-41宗地的土地使用 权。 本次土地挂牌起始价为人民币2,210万元，竞买保证金为人民币450万元。本次拟进行 竞拍起拍价金额在董事会审批权限内，无需提交公司股东大会审议批准；如最终竞拍金 额超出董事会审批权限，则该议案尚需提交股东大会审议。 本次竞拍董事会授权公司管理层办理竞拍、购买等相关事宜。本次土地竞拍事项不 构成关联交易，亦不构 ...

Investment Rating - The report initiates coverage with a "Buy" rating for the company [2][10]. Core Views - The company is a leading manufacturer of fuses in China, expected to benefit from the high demand in the new energy vehicle and wind-solar storage sectors, leading to rapid growth in performance [2][10]. - The projected net profits for the company from 2024 to 2026 are estimated to be 201 million, 313 million, and 490 million yuan respectively, with corresponding EPS of 3.03, 4.73, and 7.39 yuan [2][10]. - The target price for 2024 is set at 90.11 yuan, based on PE and PB valuation methods [2][10]. Financial Summary - The company's revenue is expected to grow from 1.06 billion yuan in 2023 to 2.93 billion yuan in 2026, with year-on-year growth rates of 40.4%, 42.0%, 42.8%, and 36.3% respectively [3][12]. - The net profit attributable to the parent company is projected to increase from 117 million yuan in 2023 to 490 million yuan in 2026, with growth rates of -23.9%, 71.6%, 56.2%, and 56.3% [3][12]. - The company's gross margin is expected to remain high, with a forecast of 41.53% in 2024, declining slightly to 39.22% by 2026 [12]. Business Overview - The company has established a comprehensive product matrix, including power fuses, electronic fuses, incentive fuses, and smart fuses, with over 120 product series and more than 9,000 specifications [17][18]. - The company has a strong customer base, including major domestic brands and international companies such as Tesla, Daimler, and Volvo [2][10]. - The penetration rate of 800V high-voltage platforms in new energy vehicles is expected to drive explosive growth in the sales of incentive fuses, with projected revenue from these products reaching 1.04 billion yuan in 2024, a year-on-year increase of 173.32% [2][10]. Market Expansion - The company has expanded its overseas operations by establishing wholly-owned subsidiaries in Japan and Singapore, and joint ventures in Thailand and the United States [2][10]. - A significant order worth 900 million to 1.2 billion yuan from a leading German automotive company is expected to start production in 2025, indicating strong growth potential in international markets [2][10]. Valuation - The report utilizes both PE and PB valuation methods, with a target price derived from an average of both methods, resulting in a target price of 90.11 yuan [14][15]. - The company is expected to maintain a higher valuation premium due to its leading position in the fuse industry and growth potential in new energy sectors [14][15].