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； | ...

西安中熔电气股份有限公司 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 ...

证券代码：301031 证券简称：中熔电气 公告编号：2025-007 西安中熔电气股份有限公司 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。 （一）公司回购股份的时间、回购股份的价格及集中竞价交易的委托时段 等符合公司回购股份的方案及《深圳证券交易所上市公司自律监管指引第9号— —回购股份》第十七条、第十八条、第十九条的相关规定，具体如下： 1、公司未在下列期间内回购公司股份： （1）自可能对公司证券及其衍生品种交易价格产生重大影响的重大事项发 生之日或者在决策过程中，至依法披露之日内； （2）中国证监会和深圳证券交易所规定的其他情形。 2、公司以集中竞价交易方式回购股份符合下列要求： 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 ...

证券代码：301031 证券简称：中熔电气 公告编号：2025-006 二、其他说明 （一）公司回购股份的时间、回购股份的价格及集中竞价交易的委托时段 等符合公司回购股份的方案及《深圳证券交易所上市公司自律监管指引第9号— —回购股份》第十七条、第十八条、第十九条的相关规定，具体如下： 西安中熔电气股份有限公司 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 ...

1、公司致力于成为能量保护系统集成方案供应商，于熔断器领域深耕多年， 积累了丰富的技术和生产经验。本次获得该客户定点函，是公司取得的重要海外 项目进展，进一步彰显了客户对公司在熔断器产品开发设计、技术质量、生产保 障能力等各方面的认可，持续巩固了公司全球化战略布局的领先优势。 重要内容提示： 证券代码：301031 证券简称：中熔电气 公告编号：2025-005 一、项目概况 西安中熔电气股份有限公司 该项目预计 2026 年 4 月开始 SOP，项目周期内销售总金额预计为 1.45 亿元 人民币，具体数量会受到最终车企的销量等因素影响。 关于获得客户项目定点通知书的公告 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。 二、对上市公司的影响 2、如果定点项目顺利实施，预计将对公司未来经营业绩产生积极影响。公 司对本次招标的招标方不存在业务依赖，该项目的履行不会影响公司经营的独立 性。 西安中熔电气股份有限公司（以下简称"公司"）于近期收到美国某新势力 车企某项目 450VDC 最新一代电气化平台 Tier 1 激励熔断器全球独家定点的 定点通知书（限于保密协议 ...