Core Viewpoint - The company, Weiman Sealing, demonstrated significant performance growth in Q1 2025, with notable increases in revenue and profit metrics [2][7]. Operational Overview - The total operating revenue reached 181 million yuan, a year-on-year increase of 26.92% - The net profit attributable to shareholders was 24.77 million yuan, up 33.48% year-on-year - The net profit after deducting non-recurring items was 22.83 million yuan, reflecting a 54.62% year-on-year increase [2]. Profitability Analysis - The gross profit margin stood at 42.6%, an increase of 17.35 percentage points year-on-year - The net profit margin was 18.01%, up 21.18 percentage points year-on-year, indicating improved cost control and product value enhancement [3]. Expense Control and Cash Flow - Total operating expenses (selling, administrative, and financial expenses) amounted to 30.26 million yuan, accounting for 16.69% of revenue, an increase of 4.14 percentage points year-on-year - Operating cash flow per share was 0.22 yuan, a substantial increase of 236.82% year-on-year, indicating improved cash flow from operations [4]. Asset and Liability Situation - Cash and cash equivalents were 305 million yuan, a decrease of 5.60% year-on-year - Accounts receivable reached 438 million yuan, a year-on-year increase of 2.14% - Interest-bearing liabilities were 32.54 million yuan, a significant decrease of 72.33% year-on-year - The ratio of accounts receivable to profit was as high as 824.66%, suggesting potential concerns regarding receivables collection risk [5]. Financing and Dividends - Since its listing, the company has raised a total of 560 million yuan and distributed dividends totaling 27.60 million yuan, resulting in a dividend-to-financing ratio of only 0.05, indicating a reliance on equity financing for growth and a low dividend payout [6]. Business Model - The company's performance is primarily driven by equity financing and marketing efforts, which facilitate rapid business expansion but require careful assessment of sustainability and potential risks [7].

Core Viewpoint - Weiman Sealing (唯万密封) reported significant growth in revenue and net profit for the year 2024, driven by active industry application expansion, cost reduction, efficiency improvement, and technological innovation across various business sectors [1][2]. Group 1: Financial Performance - The company achieved a revenue of 716 million yuan, representing a year-on-year increase of 97.02% [1]. - The net profit attributable to shareholders was 53.17 million yuan, reflecting a year-on-year growth of 43.35% [1]. Group 2: Business Segments - In the engineering machinery sealing market, the company launched new high-performance products, resulting in sales revenue of 407.29 million yuan, up 62.19% year-on-year [1]. - The coal mining machinery sealing market saw improvements in product performance and production efficiency, with the company supplying a complete sealing package for a world-first 10-meter high intelligent hydraulic support sealing system [1]. - The agricultural machinery sealing market generated sales revenue of 24.81 million yuan, a 43.09% increase year-on-year, with successful entries into major tractor manufacturers' supply chains [2]. - In the pneumatic and automation sealing sector, sales revenue reached 14.43 million yuan, growing by 14.09% year-on-year, with enhanced production processes and partnerships with leading companies [2]. - The oil and gas sealing sector achieved sales revenue of 124.25 million yuan, with products used widely in domestic and international markets [2]. - The general industrial sealing segment introduced new specialty engineering plastic sealing products, becoming a leading supplier in the domestic market [2]. Group 3: Company Overview - Weiman Sealing specializes in the research, production, and sales of hydraulic and pneumatic sealing products, with applications across engineering machinery, coal mining machinery, agricultural machinery, and industrial automation [3].

证券代码：301161 证券简称：唯万密封 公告编号：2025-032 更正前： 一、主要财务数据 （一） 主要会计数据和财务指标 上海唯万密封科技股份有限公司 关于 2025 年第一季度报告的更正公告 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、误导性陈述或重大遗漏。 上海唯万密封科技股份有限公司（以下简称"公司"）于 2025 年 4 月 29 日 在巨潮资讯网（http://www.cninfo.com.cn）上披露《2025 年第一季度报告》（公 告编号：2025-016）。经事后审查，公司发现披露的《2025 年第一季度报告》中 "一、主要财务数据之（一）主要会计数据和财务指标中上年度末的归属于上市 公司股东的所有者权益"数据有误、"一、主要财务数据之（三）主要会计数据 和财务指标发生变动的情况及原因之现金流量表项目"的非财务部分内容有误， 现对该部分内容予以更正，相关内容如下： 公司是否需追溯调整或重述以前年度会计数据 □是 否 | | 本报告期 | 上年同期 | 本报告期比上年同 | | --- | --- | --- | --- | | | | | 期增减（%） ...

Financial Performance - The company's revenue for Q1 2025 reached ¥181,281,439.13, representing a 26.92% increase compared to ¥142,828,765.81 in the same period last year[5] - Net profit attributable to shareholders was ¥24,774,183.58, up 33.48% from ¥18,560,265.14 year-on-year[5] - The net profit after deducting non-recurring gains and losses increased by 54.62%, amounting to ¥22,826,522.64 compared to ¥14,763,352.80 in the previous year[5] - Basic and diluted earnings per share increased by 40.00% to ¥0.21 from ¥0.15 year-on-year[5] - Operating profit for the current period was ¥37,296,974.55, up 59.1% from ¥23,426,911.76 in the previous period[23] - Net profit attributable to the parent company was ¥24,774,183.58, representing a 33.5% increase from ¥18,560,265.14 in the previous period[24] Cash Flow - The net cash flow from operating activities was ¥26,162,447.65, a significant improvement of 236.82% from a negative cash flow of -¥19,121,921.71 in the same period last year[5] - Cash received from sales of goods and services was ¥157,542,371.11, significantly higher than ¥92,446,340.06 in the previous period[26] - Total cash inflow from investment activities was $75,577,553.70, up from $17,063,614.08 in the previous period, reflecting increased investment recovery[27] - Cash inflow from the recovery of investments was $75,500,000.00, significantly higher than $17,022,188.11 in the previous period[27] - Cash paid to employees increased by 78.75% to ¥42,740,259.61, attributed to the completion of a major asset restructuring in the previous period[11] - Cash paid for taxes rose to $17,595,667.07 from $5,418,321.18, indicating increased tax obligations[27] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,413,417,420.97, a decrease of 1.39% from ¥1,433,301,737.70 at the end of the previous year[5] - Total liabilities decreased to ¥292,332,849.47 from ¥325,939,584.95, a reduction of approximately 10.3%[21] - The total equity increased to ¥1,121,084,571.50 from ¥1,107,362,152.75, reflecting a growth of about 1.2%[21] - Total current assets decreased from RMB 1,042,106,013.36 to RMB 1,026,748,953.01, a reduction of approximately 1.48%[20] - Non-current assets decreased from RMB 391,195,724.34 to RMB 386,668,467.96, a decline of about 1.34%[20] Research and Development - The company's R&D expenses for Q1 2025 were ¥10,476,444.39, reflecting a 42.20% increase compared to ¥7,367,639.71 in the same period last year[9] - Research and development expenses rose to ¥10,476,444.39, up 42.7% from ¥7,367,639.71 in the previous period[23] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 12,583[13] - The largest shareholder, Dong Jing, holds 35.33% of the shares, totaling 42,399,000 shares[13] - The company approved a share repurchase plan using between RMB 15 million and RMB 20 million, with a maximum repurchase price of RMB 25 per share, to be executed within 12 months[17] - A total of 800,000 shares were repurchased, accounting for 0.67% of the total share capital, with a total transaction amount of RMB 18,948,118[17] - The company has initiated an employee stock ownership plan, with shares purchased at RMB 12.00 per share, and has received RMB 9.6 million in subscription payments as of April 23, 2025[18] Investment Activities - Cash paid for investments decreased by 55.92% to ¥75,000,000.00, reflecting a reduction in external investments during the reporting period[11] - Cash outflow from investment activities totaled $78,106,337.06, down from $171,295,025.44, showing a reduction in investment spending[27] Tax and Government Subsidies - Tax refunds received decreased by 72.16% to ¥2,706,569.79 compared to ¥1,572,153.25 in the previous period[11] - Other operating cash receipts fell by 76.20% to ¥1,071,695.91, primarily due to a reduction in government subsidies[11]

证券代码：301161 证券简称：唯万密封 公告编号：2025-023 上海唯万密封科技股份有限公司 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内容的真实、准确和完整，没有 虚假记载、误导性陈述或重大遗漏。 经上海唯万密封科技股份有限公司（以下简称"公司"）第二届董事会第十 四次会议审议一致通过，公司将于 2025 年 5 月 26 日（星期一）召开 2024 年年 度股东大会，现将有关事项通知如下： 一、召开会议的基本情况 1. 股东大会届次：2024 年年度股东大会。 2. 股东大会的召集人：公司第二届董事会。 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、部门规章和《公司章程》等的规定。 4. 会议召开的日期、时间： （1）现场会议召开时间：2025 年 5 月 26 日（星期一）下午 14：30 （2）网络投票时间：2025 年 5 月 26 日（星期一） 其中，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 26 日 9:15—9:25,9:30—11:30 和 13:00—15:00；通过互联网投票系统投票 的 ...

证券代码：301161 证券简称：唯万密封 公告编号：2025-028 上海唯万密封科技股份有限公司 第二届监事会第十二次会议决议公告 本公司及监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、误导性陈述或重大遗漏。 一、监事会会议召开情况 2024 年度，公司监事会严格按照《公司法》《公司章程》和《监事会议事规 则》等法律法规及公司制度的规定，本着对全体股东负责的精神，遵守诚信原则， 恪尽职守，认真履行法律、法规、《公司章程》所赋予的各项职权和义务。报告 期内，监事会成员积极参加了监事会、股东大会，列席董事会，对公司各项重大 事项的决策、合规性进行了审核，并对公司董事、高级管理人员履行职责情况进 行了有效的监督，规范了公司运作、完善和提升公司治理水平，有效维护了公司、 股东的权益。 表决结果：3 票赞成、0 票反对、0 票弃权 上海唯万密封科技股份有限公司（以下简称"公司"）第二届监事会第十二 次会议于 2025 年 4 月 26 日在公司会议室以现场及通讯方式召开。本次会议通知 于 2025 年 4 月 10 日以邮件方式发出，会议应出席监事 3 人，实际出席监事 3 人 （其中监事王彬女 ...

证券代码：301161 证券简称：唯万密封 公告编号：2025-027 上海唯万密封科技股份有限公司 第二届董事会第十四次会议决议公告 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、误导性陈述或重大遗漏。 一、董事会会议召开情况 上海唯万密封科技股份有限公司（以下简称"公司"）第二届董事会第十四 次会议于 2025 年 4 月 26 日在公司会议室以现场及通讯方式召开。本次会议通知 于 2025 年 4 月 10 日以邮件方式发出，会议应出席董事 7 人，实际出席董事 7 人 （其中董事董静先生、董事薛玉强先生、董事沈明宏先生、独立董事张瑞申先生 以通讯方式出席）。会议由董事长董静先生召集并主持，公司监事及高级管理人 员列席本次会议。本次会议的召集、召开符合法律、法规和《上海唯万密封科技 股份有限公司章程》的有关规定，会议合法有效。 经审议，董事会认为：《2024 年年度报告》及其摘要的编制和审核程序符合 相关法律法规的规定，报告内容真实、准确、完整地反映了公司 2024 年度经营 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。 本议案已经董事会审计委员会审议通过。 表决 ...

证券代码：301161 证券简称：唯万密封 公告编号：2025-017 上海唯万密封科技股份有限公司 关于公司 2024 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内容的真实、准确和完整，没有 虚假记载、误导性陈述或重大遗漏。 上海唯万密封科技股份有限公司（以下简称"公司"或"本公司"）于 2025 年 4 月 26 日召开第二届董事会第十四次会议、第二届监事会第十二次会议，分 别审议通过了《关于公司 2024 年度利润分配预案的议案》，现将相关情况公告 如下： 一、利润分配预案基本情况 经安永华明会计师事务所（特殊普通合伙）审计，2024 年度归属于母公司股 东的净利润为 53,171,444.14 元。根据《公司法》《公司章程》等有关规定，公 司本年度提取法定公积金 0.00 元、任意公积金 0.00 元、弥补亏损 0.00 元。截 至 2024 年 12 月 31 日，公司合并报表未分配利润为 204,140,867.64 元，母公司 报表未分配利润为63,177,624.18元。报告期末，公司总股本为120,000,000股。 根据合并报表、母公司报表未分配利润孰低原则，公司 2024 ...

上海唯万密封科技股份有限公司 已审财务报表 2024年度 上海唯万密封科技股份有限公司 目 录 | | 页 | | 次 | | --- | --- | --- | --- | | 审计报告 | 1 | - | 6 | | 已审财务报表 | | | | | 合并资产负债表 | 7 | - | 8 | | 合并利润表 | 9 | - | 10 | | 合并股东权益变动表 | 1 1 | - | 1 2 | | 合并现金流量表 | 1 3 | - | 1 4 | | 公司资产负债表 | 1 5 | - | 1 6 | | 公司利润表 | | 1 7 | | | 公司股东权益变动表 | 1 8 | - | 1 9 | | 公司现金流量表 | 20 | - | 2 1 | | 财务报表附注 | 2 2 | - | 10 3 | | 补充资料 | | | | | 1.非经常性损益明细表 | | 1 | | | 2.净资产收益率和每股收益 | | 1 | | 审计报告 安永华明（2025）审字第70045632_B01号 上海唯万密封科技股份有限公司 上海唯万密封科技股份有限公司全体股东： 1 审计报告（续） 安永华明（2 ...

上海唯万密封科技股份有限公司 内部控制审计报告 2024年12月31日 内部控制审计报告 安永华明（2025）专字第 70045632_B02 号 上海唯万密封科技股份有限公司 上海唯万密封科技股份有限公司全体股东： 按照《企业内部控制审计指引》及中国注册会计师执业准则的相关要求，我们审 计了上海唯万密封科技股份有限公司 2024 年 12 月 31 日的财务报告内部控制的有效 性。 一、企业对内部控制的责任 按照《企业内部控制基本规范》、《企业内部控制应用指引》、《企业内部控制 评价指引》的规定，建立健全和有效实施内部控制，并评价其有效性是企业董事会的 责任。 二、注册会计师的责任 我们的责任是在实施审计工作的基础上，对财务报告内部控制的有效性发表审计 意见，并对注意到的非财务报告内部控制的重大缺陷进行披露。 根据中国证券监督委员会发布的《上市公司实施企业内部控制规范体系监督问题 解答》（2011 年第 1 期，总第 1 期）规定，上海唯万密封科技股份有限公司未将于 2024 年度通过并购纳入合并报表范围的上海嘉诺密封技术有限公司、广州嘉诺密封技 术有限公司、上海迈诺密封技术有限公司和广州加士特密封技术有限 ...