Financial Performance - The company's operating revenue for 2024 reached ¥720,666,661.22, representing a 14.91% increase compared to ¥627,172,485.57 in 2023[16]. - The net profit attributable to shareholders for 2024 was ¥96,599,670.73, a slight increase of 1.24% from ¥95,417,330.46 in 2023[16]. - The net profit after deducting non-recurring gains and losses was ¥93,697,245.48, up 1.53% from ¥92,281,306.66 in 2023[16]. - The total assets at the end of 2024 were ¥2,127,798,798.26, reflecting a 3.77% increase from ¥2,050,512,195.90 at the end of 2023[16]. - The net assets attributable to shareholders increased by 14.57% to ¥1,437,894,419.93 from ¥1,255,055,643.99 in 2023[16]. - The company achieved a total revenue of ¥720,666,661.22 in 2024, representing a year-on-year increase of 14.91% compared to ¥627,172,485.57 in 2023[62]. - The revenue from molds was ¥422,520,041.20, accounting for 58.63% of total revenue, with a year-on-year growth of 17.84%[63]. - The company’s gross profit margin for the specialized equipment manufacturing industry was 33.46%, slightly down by 1.07% from the previous year[65]. - The company’s exports increased significantly, with foreign sales reaching ¥313,213,563.84, a 51.53% increase from ¥206,700,909.90 in 2023[63]. Dividend and Shareholder Returns - The company plans to distribute a cash dividend of 5 RMB per 10 shares to all shareholders, based on a total of 79,569,601 shares[3]. - The company has not proposed any bonus shares or capital increases for the current fiscal year[3]. - The 2024 cash dividend proposal is set at RMB 5.00 per 10 shares, amounting to RMB 39,784,800.50, with no stock dividends or capital reserve conversions planned[166]. - The total number of shares for the cash dividend distribution is based on 79,569,601 shares, with a total distributable profit of RMB 470,715,332.52[166]. Market and Industry Trends - The automotive mold industry is experiencing significant growth, driven by the rapid development of the automotive sector, with over 90% of automotive parts requiring mold formation[27]. - The global mold market is expected to maintain a high growth rate, with China's market size exceeding ¥100 billion annually[26]. - In 2024, China's automotive production and sales reached 31.282 million and 31.436 million units, respectively, with year-on-year growth of 3.7% and 4.5%[28]. - New energy vehicle (NEV) production and sales reached 12.888 million and 12.866 million units, with year-on-year growth of 34.4% and 35.5%[28]. - NEVs accounted for 40.9% of total new car sales, an increase of 9.3 percentage points from 2023[28]. - The automotive interior and exterior market is experiencing sustained growth due to increasing consumer demand for quality and aesthetics[34]. Research and Development - The company is focused on the research and development of new products and technologies to enhance its competitive position in the mold manufacturing industry[25]. - The company has completed several R&D projects, including a buffered core-pulling machine and a 3D printed sand mold casting process, aimed at improving production efficiency and product quality[73]. - The company aims to achieve full automation through advanced sensing technology in its new rapid positioning device for foam molds, enhancing sales channels[73]. - The company has developed a new product line in the automotive parts sector, specifically focusing on battery box molds for electric vehicles[62]. - The company’s R&D investment for 2024 amounted to ¥43,281,270.57, representing 6.01% of operating revenue, a decrease from 6.28% in 2023[77]. Operational Efficiency - The company adopts a "sales-driven production" model, ensuring efficient organization of production based on product orders[42]. - The company utilizes a manufacturing execution system to manage the entire production process, achieving full-process information management from order receipt to delivery[49]. - The company has established a comprehensive computer information network and customized a manufacturing execution system to enhance operational efficiency[59]. - The company has enhanced its integrated service capability in molds, inspection tools, and automation equipment, with increasing sales of complex automotive main model inspection tools[56]. Risk Management - The company has outlined potential risk factors in its annual report, emphasizing the importance of investor awareness regarding these risks[3]. - The company faces risks from economic cycles and the automotive industry's development, which could affect demand for automotive molds; it plans to monitor industry changes and adjust operations accordingly[111]. - The company is exposed to raw material price fluctuations, with direct material costs being significant; it will establish strategic partnerships with suppliers and implement measures to mitigate price risks[112]. - The company recognizes the risk of technological innovation and will focus on low-risk technology projects while diversifying its innovation portfolio to reduce overall risk[113]. - The company has a foreign exchange risk due to 43.46% of its revenue coming from exports; it will enhance cooperation with financial institutions to manage exchange rate fluctuations[114]. Governance and Compliance - The company emphasizes information disclosure, ensuring that all shareholders have equal access to information through designated newspapers[124]. - The internal audit system is strictly implemented, enhancing operational management and risk control[126]. - The company maintains independence from its controlling shareholders in terms of assets, personnel, finance, and operations[127]. - The governance structure is continuously improved to meet the requirements of relevant laws and regulations[119]. - The company has established measures to ensure complete independence in assets, personnel, finance, and operations from specific enterprises associated with its controlling shareholders[195]. Employee Development and Management - The company has established an internship base in collaboration with higher education institutions to cultivate and reserve professional technical talent[163]. - The company emphasizes employee development through various training programs, including onboarding and departmental training[163]. - The total number of employees at the end of the reporting period is 1,190, with 1,006 in the parent company and 184 in major subsidiaries[161]. - The professional composition includes 800 production personnel, 47 sales personnel, 234 technical personnel, 11 financial personnel, and 98 administrative personnel[161]. Strategic Planning and Future Outlook - The company aims to become an internationally leading manufacturer of non-standard equipment for the automotive industry, surpassing domestic peers[103]. - The company plans to continue expanding its market presence and enhancing its product offerings[138]. - The company has set a performance guidance of 1.8 billion yuan for the next fiscal year, reflecting a growth target of 20%[149]. - The company plans to conduct financial derivative trading as part of its strategy[158]. - The company will implement a brand promotion strategy to build a well-known mold brand in domestic and international markets, enhancing its reputation[110].

Financial Performance - The company's operating revenue for Q1 2025 was ¥157,808,407.26, a decrease of 1.98% compared to ¥160,991,431.75 in the same period last year[7]. - Net profit attributable to shareholders increased by 5.48% to ¥24,926,600.32 from ¥23,631,305.76 year-on-year[7]. - The net cash flow from operating activities decreased by 17.26% to ¥23,298,744.00 compared to ¥28,160,120.37 in the previous year[7]. - The company reported total operating revenue of ¥157,808,407.26 for the first quarter, a decrease of 1.36% compared to ¥160,991,431.75 in the previous period[23]. - The operating profit for Q1 2025 was CNY 29,379,903.21, slightly down from CNY 29,969,545.22 in Q1 2024, reflecting a decrease of approximately 1.97%[26]. - The net profit for Q1 2025 was CNY 25,302,969.33, an increase from CNY 24,341,245.44 in Q1 2024, representing a growth of approximately 3.95%[26]. - The total revenue from operating activities was CNY 162,912,899.68, compared to CNY 156,963,723.53 in the previous year, indicating an increase of about 3.67%[27]. - The company reported a total comprehensive income of CNY 25,156,573.63 for Q1 2025, compared to CNY 24,529,740.16 in Q1 2024, marking an increase of approximately 2.55%[27]. Assets and Liabilities - Total assets at the end of the reporting period were ¥2,159,610,907.90, reflecting a 1.50% increase from ¥2,127,798,798.26 at the end of the previous year[7]. - The company's total liabilities decreased to ¥624,797,949.33 from ¥676,960,394.97, representing a reduction of approximately 7.7%[23]. - The cash and cash equivalents decreased to ¥665,258,640.91 from ¥856,681,896.17, reflecting a decline of approximately 22.34%[22]. - The cash and cash equivalents at the end of Q1 2025 were CNY 664,946,584.11, down from CNY 984,629,522.07 at the end of Q1 2024, a decrease of approximately 32.4%[29]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 7,194[14]. - The largest shareholder, Feng Jianjun, holds 56.55% of the shares, totaling 45,000,000 shares[14]. - The second-largest shareholder, Feng Feng, holds 6.28% of the shares, totaling 5,000,000 shares[14]. - The total number of restricted shares at the beginning of the period was 5,227,794, with 17,500 shares released during the period, resulting in 5,210,294 restricted shares at the end[17]. - The company has a significant number of shareholders with limited shares, including Feng Feng with 3,750,000 shares locked due to director restrictions[17]. - The company has no preferred shareholders or changes in restricted shares reported for this period[15][16]. - The company’s major shareholders have no pledged or frozen shares reported[14]. Investment and Financial Activities - The company reported a significant increase of 257.98% in trading financial assets, amounting to ¥250,873,458.90 due to investments in wealth management products[12]. - Financial expenses surged by 364.96% to -¥6,257,863.26, primarily due to changes in exchange gains and losses[12]. - Investment income increased by 172.96% to ¥577,750.00, indicating improved returns on investments[12]. - The company experienced a 1347.58% rise in credit impairment losses, totaling ¥2,485,065.46, attributed to changes in bad debt provisions[12]. - The net cash flow from investing activities was -¥218,185,147.51, a decrease of 187.06% compared to the previous year, mainly due to purchases of financial products[12]. - The investment activities resulted in a net cash outflow of CNY 218,185,147.51, a significant decrease from a net inflow of CNY 250,605,573.07 in Q1 2024[29]. - The company incurred a credit impairment loss of CNY 2,485,065.46, a significant increase from CNY 171,670.37 in the previous year, indicating a rise of approximately 1345.5%[26]. - The total assets impairment loss was reported at CNY -737,927.33, an improvement from CNY -1,153,068.49 in Q1 2024, reflecting a decrease in losses[26]. Strategic Developments - The company is involved in a strategic partnership with Nanjing Youxu and other investment firms as of February 25, 2025[18]. - The company has signed a share transfer agreement, with Nanjing Youxu acquiring 29.32% of the shares, leading to a change in control[19]. - After the share transfer, Feng Jianjun will no longer hold control over the company, with Nanjing Youxu becoming the controlling shareholder[19]. - The company’s future outlook includes potential market expansion and new strategic initiatives[18]. Research and Development - The company reported a research and development expense of ¥11,999,009.18, up from ¥10,530,388.71, indicating an increase of approximately 13.9%[25]. - The company’s short-term borrowings remained stable at ¥30,000,000.00, unchanged from the previous period[22]. Equity - Shareholders' equity attributable to the parent company rose by 5.81% to ¥1,521,492,606.20 from ¥1,437,894,419.93[7]. - The equity attributable to shareholders increased to ¥1,521,492,606.20 from ¥1,437,894,419.93, marking an increase of about 5.8%[23]. - The basic earnings per share remained stable at CNY 0.32, while diluted earnings per share decreased to CNY 0.29 from CNY 0.32 in the previous year[27].

近日，公司收到了天衡会计师事务所（特殊普通合伙）出具的《关于变更南 通超达装备股份有限公司 2024 年度财务报表、内部控制审计项目的项目合伙人 的函》，现将具体情况公告如下： 一、本次签字注册会计师变更情况 天衡会计师事务所（特殊普通合伙）作为公司 2024 年度财务报表、内部控 制审计项目的审计机构，原委派闵志强先生作为公司 2024 年度审计报告及其他 专项报告的签字注册会计师，因天衡会计师事务所（特殊普通合伙）内部工作安 排调整，现委派邱平女士接替闵志强先生作为公司 2024 年度审计业务、内部控 制审计的签字注册会计师（项目合伙人），负责公司 2024 年度财务报表、内部 控制审计相关工作。 | 证券代码：301186 | 证券简称：超达装备 公告编号：2025-015 | | --- | --- | | 债券代码：123187 | 债券简称：超达转债 | 南通超达装备股份有限公司 关于年度审计机构变更签字注册会计师的公告 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。 南通超达装备股份有限公司（以下简称"公司"）分别于 2024 年 4 月 22 ...

| 证券代码：301186 | 证券简称：超达装备 公告编号：2025-014 | | --- | --- | | 债券代码：123187 | 债券简称：超达转债 | 南通超达装备股份有限公司 关于 2025 年第一季度可转换公司债券转股情况的公告 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。 特别提示： 1、"超达转债"（债券代码：123187）转股期为 2023 年 10 月 11 日至 2029 年 4 月 3 日；最新有效的转股价格为 31.81 元/股。 2、2025 年第一季度，共有 524,833 张"超达转债"完成转股（票面金额共 计 52,483,300 元人民币），合计转成 1,649,600 股"超达装备"股票（股票代码： 301186）。 3、截至 2025 年第一季度末，公司剩余可转换公司债券为 2,854,793 张，剩 余可转换公司债券票面总金额为 285,479,300 元人民币。 根据《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 15 号——可转换公司债券》的相关规定，南通超达装备股份有限 公 ...

Group 1 - The company announced the interest payment for its convertible bonds, "超达转债," which will be paid on April 7, 2025, with an interest amount of 6.00 CNY per bond (including tax) [1][2] - The total amount raised from the issuance of the convertible bonds was 469 million CNY, with 4.69 million bonds issued at a face value of 100 CNY each [2][4] - The bonds were listed on the Shenzhen Stock Exchange on April 25, 2023, and have a maturity period from April 4, 2023, to April 3, 2029 [2][4] Group 2 - The coupon rates for the convertible bonds are structured to increase over the years, starting from 0.40% in the first year to 3.00% in the sixth year [2][4] - The interest payment method is annual, with the first interest payment occurring on April 7, 2025, covering the period from April 4, 2024, to April 3, 2025 [4][5] - The company will not withhold taxes on the interest payments for individual investors, who will be subject to a 20% tax rate on their interest income [5][6] Group 3 - The bondholders must hold the bonds until the registration date of April 3, 2025, to receive the interest payment [6] - The company has appointed China Securities Depository and Clearing Corporation Limited Shenzhen Branch to handle the interest payment process [6][7] - The bonds have received an "A" credit rating with a stable outlook from a recognized credit rating agency [4][5]

| 证券代码：301186 | 证券简称：超达装备 | 公告编号：2025-013 | | --- | --- | --- | | 债券代码：123187 | 债券简称：超达转债 | | 南通超达装备股份有限公司 关于可转换公司债券 2025 年付息的公告 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。 特别提示： 1、"超达转债"将于 2025 年 4 月 7 日按面值支付第二年利息，每 10 张"超 达转债"（面值 1,000 元）利息为 6.00 元（含税）； 2、债权登记日：2025 年 4 月 3 日（星期四）； 3、除息日：2025 年 4 月 7 日（星期一）； 4、付息日：2025 年 4 月 7 日（星期一）（由于 2025 年 4 月 4 日为节假日， 可转债付息日顺延至 2025 年 4 月 7 日）； 5、本次付息期间及票面利率：计息期间为 2024 年 4 月 4 日至 2025 年 4 月 3 日，票面利率为 0.60%； 6、本次付息对象：本次付息的债权登记日为 2025 年 4 月 3 日，截至 2025 年 4 月 3 日下午 ...

文/梧桐小新 今年以来，A股市场"壳并购"交易异常活跃。本文梳理近期发生的13起"壳并购"案例，收购股权比例一般介于20%-30%之间，壳资源交易价格普遍位于4亿至7亿元 区间。 从交易细节看，交易结构呈现"控股权收购+表决权让渡"的复合模式，估值逻辑兼顾市值折让与资产重整预期，部分案例溢价率达30%以上。 此外，地方国资亦成为本轮壳并购的主力军，如衢州、池州、合肥等地国资委通过协议受让控股。 | 名称 | 出让方(原实控人) | 受让方(新实控人) | 最新市值 | 转让份额 | 价格 | 备注 | | --- | --- | --- | --- | --- | --- | --- | | 永安行 (603776) | 孙继胜、常州远为、 索军、陶安平、黄得 | 上海哈茂 | 44.49 Z | 19.67% | 6.697亿 | 定向增发8.4亿 | | | 云;上海云绕 | | | | | | | 万德斯 (688178) | 刘军、宫建瑞 | 瑞源国际(国资+立 | 16.84亿 | 28.88% | 4.129亿 | 收购控股股东股权 | | | | 讯) | | | | | | 康惠制药 (603 ...

Group 1: Business Strategy and Market Position - The new controlling shareholder sees high industrial synergy value with the company in the automotive parts sector, focusing on market resources and international development [2] - The company is actively expanding its business into automotive interior and exterior molds, inspection tools, and automation equipment, aiming to become a global R&D and manufacturing base [3] - The company has established wholly-owned subsidiaries in Germany and the USA to enhance international market development [3] Group 2: Financial Performance and Investment - In the first three quarters of 2024, the company's revenue grew by 11.57%, while net profit decreased by 4.79%, primarily due to rising raw material costs [3] - As of mid-2024, the company has invested 632 million RMB of idle raised funds in financial management, accounting for over 70% of the net raised funds [3] Group 3: Research and Development - The company holds 133 patents, including 61 invention patents, and emphasizes continuous innovation in technology and products [4] - R&D expenses for 2023 amounted to 39,365,075.53 RMB, representing 6.28% of revenue [4] Group 4: Environmental Responsibility - The company adheres to national environmental protection regulations and has implemented measures to mitigate negative environmental impacts [5] - The company has achieved certain results in energy conservation and pollutant discharge standards [5]

Group 1 - The controlling shareholder of ChaoDa Equipment (301186) is undergoing a change, with agreements signed for the transfer of shares to Nanjing Youxu, Jinan Quanxing, and Qingdao Haiqing, totaling 23.3 million shares, 5.4258 million shares, and 4.708 million shares respectively, representing 29.32%, 6.83%, and 5.92% of the company's total share capital [1] - The share transfer amounts to 944 million yuan, 220 million yuan, and 191 million yuan for the respective shares being sold [1] - Following the transfer, Nanjing Youxu will become the controlling shareholder, with its joint controllers becoming the company's joint actual controllers [1] Group 2 - ChaoDa Equipment is a leading domestic supplier of automotive interior and exterior moldings, engaged in the research, production, and sales of molds, automotive inspection tools, automation equipment, and components [2] - The company has established a strong position in the automotive soft trim and foam mold sector, being one of the largest suppliers in China [2] - ChaoDa Equipment has been expanding its overseas presence, with investments in Germany and the United States, and recently established a subsidiary in Thailand to enhance its business layout in the automotive mold and packaging materials sectors [2] - In the first three quarters of 2024, the company reported revenue of 522 million yuan, an increase of 11.57% year-on-year, and a net profit of 74.96 million yuan, up 0.78% year-on-year [2]

Core Viewpoint - The announcement of the share transfer by ChaoDa Equipment (301186) marks a significant shift in control, with the new major shareholder, Nanjing Youxu, expected to enhance the company's strategic positioning in the automotive industry through collaboration with established players in the sector [1][3]. Group 1: Share Transfer Details - ChaoDa Equipment's controlling shareholder, Feng Jianjun, plans to transfer a total of 42.07% of shares to three non-related institutions, resulting in a significant reduction of his family's voting rights from 62.92% to 6.29% [1]. - After the transaction, Nanjing Youxu will become the new controlling shareholder with a 29.32% stake, while the actual controllers will include Chen Cunyou and three others [1]. Group 2: Strategic Synergies - The acquisition presents a strong opportunity for resource integration between ChaoDa Equipment and Xiezhong International, as both companies operate within the automotive supply chain, focusing on complementary areas such as automotive molds and thermal management systems [2]. - The importance of automotive thermal management technology is increasing, especially in the context of the rapid growth of the new energy vehicle market, with the per-vehicle value of thermal management systems reaching 7,000 yuan, more than double that of traditional fuel vehicles [2]. Group 3: Involvement of State-Owned Enterprises - The transaction introduces two state-owned investors, Jinan Quanxing and Qingdao Haiqing, holding 6.83% and 5.92% respectively, which may provide financial support and leverage local industrial policies to enhance production capacity and regional optimization in the new energy vehicle components sector [3]. - The control change at ChaoDa Equipment signifies a pivotal moment in its development, potentially leading to improved resource integration, cost control, and market expansion, thereby enhancing its competitiveness in the global automotive supply chain [3].