Core Insights - The successful development of the YHGC-1200Z type switch rail flash welding and induction heat treatment integrated machine marks a significant innovation in China's railway maintenance equipment [1][2] - This equipment enhances the quality of rail welding and improves transportation safety, addressing the specific requirements of switch rail welding [1] Group 1 - The YHGC-1200Z is the first flash welding machine for switch rails in China, representing a major advancement in railway maintenance technology [1] - The project was led by China Railway Science Research Institute, in collaboration with several railway groups and a heavy machinery company, showcasing a strong cooperative effort in R&D [1] - The machine features high integration, strong adaptability to various functions and scenarios, and utilizes constant displacement flash welding technology to control rail consumption fluctuations within ±1 millimeter [1] Group 2 - Two loading platforms were developed for the flash welding machine: a container-type and a crawler-type, allowing for versatile application in different operational conditions [2] - The container-type machine has a large power supply capacity and longer operational duration, suitable for new line pre-laying and existing line rail replacement [2] - The crawler-type machine is more integrated and designed for new line switch laying and existing line maintenance, equipped with a portable wireless remote control for flexible operation [2]

Group 1 - The legal opinion letter is issued by Shanghai Jintiancheng Law Firm regarding the 2024 annual general meeting of Jin Ying Heavy Engineering Machinery Co., Ltd. [1][2] - The law firm confirms that it has conducted necessary verifications and witnessed the entire process of the shareholders' meeting, ensuring the accuracy and legality of the facts and conclusions presented in the legal opinion [2][3] - The meeting was convened by the company's board of directors, with proper notice given at least 20 days prior to the meeting [2][3] Group 2 - The shareholders' meeting took place on May 28, 2025, in Xiangyang City, Hubei Province, with both on-site and online voting options available [3][4] - A total of 111 shareholders and their proxies attended the meeting, representing 404,487,234 shares, which accounts for 75.8413% of the total voting shares [3][5] - The meeting's voting procedures and results were verified, confirming that all attendees had valid qualifications to participate [4][5] Group 3 - The meeting reviewed several proposals, all of which fell within the authority of the shareholders' meeting and were consistent with the agenda provided in the notice [6][7] - The voting results showed that all proposals were approved, with significant support from the attending shareholders [6][8] - The legal opinion concludes that the procedures and results of the shareholders' meeting comply with relevant laws and regulations, affirming the legality and validity of the resolutions passed [8]

证券代码：301048 证券简称：金鹰重工 公告编号：2025-023 金鹰重型工程机械股份有限公司 3、股东大会召开的地点：湖北省襄阳市樊城区新华路 6 号金鹰重工 2 楼会议室。 2024 年度股东大会会议决议公告 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。 特别提示： 1、本次股东大会无否决议案的情形； 2、本次股东大会不涉及变更前次股东大会决议。 一、会议召开和出席情况 （一）会议召开情况 1、股东大会现场会议召开的时间：2025 年 5 月 28 日 15:00 2、网络投票时间：2025 年 5 月 28 日 通过深圳证券交易所交易系统进行网络投票的具体时间为 2025 年 5 月 28 日上午 9:15— 9:25，9:30—11:30，下午 13:00—15:00；通过深圳证券交易所互联网投票系统进行网络投票 的具体时间为 2025 年 5 月 28 日上午 9:15 至下午 15:00 期间的任意时间。 4、召开方式：本次股东大会采用现场表决与网络投票相结合的方式召开。 5、召集人：公司董事会 6、主持人：董事长张伟先生 会议的召集、召开 ...

上海市锦天城律师事务所 法律意见书 上海市锦天城律师事务所 关于金鹰重型工程机械股份有限公司 2024 年年度股东大会的 法律意见书 上海市锦天城律师事务所（以下简称"本所"）接受金鹰重型工程机械股份 有限公司（以下简称"公司"）委托，就公司召开 2024 年年度股东大会（以下 简称"本次股东大会"）的有关事宜，根据《中华人民共和国公司法》（以下简 称"《公司法》"）、《上市公司股东会规则》等法律、法规、规章和其他规范性文 件以及《金鹰重型工程机械股份有限公司章程》（以下简称"《公司章程》"）的 有关规定，出具本法律意见书。 为出具本法律意见书，本所及本所律师依据《律师事务所从事证券法律业务 管理办法》和《律师事务所证券法律业务执业规则（试行）》等规定，严格履行 了法定职责，遵循了勤勉尽责和诚实信用原则，对本次股东大会所涉及的相关事 项进行了必要的核查和验证，核查了本所认为出具本法律意见书所需的相关文件、 资料，参加了公司本次股东大会的全过程，并对现场股东大会的召开及表决的过 程、公司通过网络投票系统上传现场表决结果的过程以及公司通过网络投票系统 下载合并现场统计结果的过程进行见证。本所保证本法律意见书所认定 ...

Core Viewpoint - Jin Ying Heavy Industry (301048) demonstrated resilience and long-term planning during its 2024 performance briefing, addressing challenges in a complex economic environment while outlining strategies for future growth [1][2][3] Financial Performance - In 2024, the company achieved operating revenue of 3.093 billion yuan, a year-on-year increase of 1.13%, while net profit attributable to shareholders was 191 million yuan, a decline of 35.54% [1] - The decline in profit was attributed to three main factors: a shift in product mix towards lower-margin rail vehicles and freight equipment, an increase in bad debt provisions by over 47 million yuan, and a 9.40% rise in R&D expenses to 95.16 million yuan [1] - Excluding the latter two factors, the profit decline would have been only 16%, indicating stable fundamentals in the core business [1] Strategic Initiatives - The company is taking proactive measures to enhance profitability, including increasing debt collection efforts, implementing differentiated marketing strategies for high-value products, and promoting cost-saving initiatives [1] - For 2025, the company expects a 13.31% year-on-year increase in total profit, focusing on optimizing production organization and strengthening its leading position in the national railway and urban rail markets [2] Market Expansion - Jin Ying Heavy Industry plans to deepen its involvement in the "Belt and Road" initiative, focusing on international projects such as the China-Thailand Railway and the China-Kyrgyzstan-Uzbekistan Railway [2] - The company aims to create an integrated solution of "line construction + equipment leasing + maintenance services" and enhance service quality through a digital platform [2] R&D Investment - R&D investment is crucial for the company's long-term competitiveness, with a 9.40% increase in R&D expenses in 2024, and further investments planned for 2025 focusing on "new energy power transformation and intelligent control upgrades" [3] - The company has established a comprehensive overhaul network to improve efficiency and reduce costs in response to the growing overhaul market [3] Shareholder Returns - The company plans a cash dividend of 33.1291 million yuan for 2024, with a dividend payout ratio of 20% of distributable profits, doubling from the previous year [3] - The management emphasizes maximizing shareholder value while balancing sustainable development needs [3]

Market Overview - The Shanghai Composite Index closed at 3369.24 points, above the six-month moving average, with an increase of 0.82% [1] - The total trading volume of A-shares reached 1.34 trillion yuan [1] Stocks Breaking the Six-Month Moving Average - A total of 223 A-shares have surpassed the six-month moving average today [1] - Notable stocks with significant deviation rates include: - Kunshan Intelligent (15.41%) - Jinying Heavy Industry (11.30%) - New Jingang (7.55%) [1] Detailed Stock Performance - The following stocks showed notable performance: - Kunshan Intelligent: Today's increase of 20.02%, turnover rate of 21.68%, six-month average price of 18.59 yuan, latest price at 21.46 yuan [1] - Jinying Heavy Industry: Today's increase of 11.89%, turnover rate of 6.97%, six-month average price of 9.47 yuan, latest price at 10.54 yuan [1] - New Jingang: Today's increase of 8.57%, turnover rate of 23.50%, six-month average price of 21.21 yuan, latest price at 22.81 yuan [1] Additional Stocks with Positive Movement - Other stocks with positive movement include: - Keli'er: 9.98% increase, 6.46% turnover, six-month average of 16.72 yuan, latest price of 17.97 yuan [2] - Zhonghang Shenfei: 8.42% increase, 3.81% turnover, six-month average of 46.61 yuan, latest price of 50.07 yuan [1] - Shenzhou High-speed: 9.09% increase, 13.28% turnover, six-month average of 2.80 yuan, latest price of 3.00 yuan [1]

Group 1 - The core viewpoint of the article highlights a significant rise in high-speed rail and urban transit stocks, with companies like Shenzhou High-speed Rail hitting the daily limit and others like Yan'ao Co., Tian Tie Co., and Jin Ying Heavy Industry increasing by over 10% [1] - The National Railway Group of China reported that from January to April this year, the total fixed asset investment in railways reached 194.7 billion yuan, marking a year-on-year growth of 5.3% [1]

Group 1 - The core viewpoint of the article highlights the significant stock price movements in the high-speed rail and urban transit sector, particularly the surge in shares of Shenzhou High-Speed Rail, which hit the daily limit up [1] - Other companies in the sector also experienced notable increases, with Jin Ying Heavy Industry reaching a 20% limit up, and Lei Er Wei and Tie Da Technology rising over 5% [1] - Additional companies such as Jinxi Vehicle Axle, Jiaoda Sino, Yan'ao Co., and Tieke Rail also saw their stock prices increase, indicating a broader positive trend in the industry [1]

Core Insights - The company reported a total revenue of 452 million yuan for Q1 2025, ranking 9th among peers, which is a decrease of 142 million yuan or 23.97% year-on-year [1] - The net profit attributable to shareholders was 34.97 million yuan, ranking 10th among peers, down by 9.13 million yuan or 20.71% year-on-year [1] - The net cash inflow from operating activities was 94.18 million yuan, ranking 2nd among peers, with an increase of 3.98% year-on-year [1] Financial Ratios - The latest debt-to-asset ratio is 50.22%, ranking 22nd among peers, with a slight increase of 0.40 percentage points from the previous quarter but a decrease of 1.02 percentage points year-on-year [3] - The latest gross profit margin is 15.11%, ranking 29th among peers, down by 0.99 percentage points from the previous quarter but up by 2.65 percentage points year-on-year [3] - The latest return on equity (ROE) is 1.30%, ranking 9th among peers, down by 0.44 percentage points year-on-year [3] Earnings Per Share and Turnover Ratios - The diluted earnings per share is 0.07 yuan, ranking 12th among peers, a decrease of 0.02 yuan or 20.68% year-on-year [3] - The total asset turnover ratio is 0.08 times, ranking 11th among peers, down by 0.03 times year-on-year, a decline of 28.03% [3] - The inventory turnover ratio is 0.34 times, ranking 18th among peers, down by 0.09 times year-on-year, a decrease of 21.14% [3] Shareholder Structure - The number of shareholders is 16,800, with the top ten shareholders holding 412 million shares, accounting for 77.23% of the total share capital [3] - The largest shareholder is China Railway Wuhan Bureau Group Co., Ltd., holding 60.00% of the shares [3]

证券代码：301048 证券简称：金鹰重工 公告编号：2025-022 关于举行 2024 年度网上业绩说明会的公告 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。 金鹰重型工程机械股份有限公司 出席本次说明会的人员有：公司董事长张伟先生、总经理肖绪明先生、财务负责人雷震 先生、董事会秘书王昌明先生。 为充分尊重投资者、提升交流的针对性，现就公司 2024 年度业绩说明会提前向投资者 公开征集问题，广泛听取投资者的意见和建议。投资者可于 2025 年 5 月 15 日前访问 http://ir.p5w.net/zj/，或扫描下方二维码，进入问题征集专题页面。公司将在 2024 年度业绩说 明会上，对投资者普遍关注的问题进行回答。 欢迎广大投资者积极参与！ （问题征集专题页面二维码） 2025 年 4 月 29 日 金鹰重型工程机械股份有限公司（以下简称"公司"）《2024 年年度报告》及其摘要于 2025年4月23日在中国证监会指定的创业板信息披露网站巨潮资讯网（www.cninfo.com.cn） 进行了公告。 金鹰重型工程机械股份有限公司董事会 公司定于 ...