Investment Rating - The report maintains a "Buy-B" rating for the company, indicating an expected price increase exceeding the benchmark index by more than 15% [34] Core Views - The company achieved a revenue of 1.32 billion yuan in 2023, representing a year-on-year growth of 8.34%, while the net profit slightly decreased by 1.59% to 219 million yuan [17][26] - The first quarter of 2024 showed a revenue of 333 million yuan, a year-on-year increase of 20.45%, but the net profit dropped by 40.43% to approximately 40.66 million yuan [17][26] - The company is experiencing strong growth in its intelligent CNC equipment and functional film materials businesses, with significant revenue increases of 278.55% and 229.81% respectively in 2023 [18][27] - The company is expanding its overseas market presence, with foreign revenue reaching 47.05 million yuan in 2023, a growth of 183.32% [27] Financial Data and Valuation - The company forecasts revenues of 1.709 billion yuan, 2.108 billion yuan, and 2.505 billion yuan for 2024, 2025, and 2026 respectively, with year-on-year growth rates of 29.4%, 23.4%, and 18.9% [27] - Net profits are projected to be 317 million yuan, 405 million yuan, and 496 million yuan for the same years, with growth rates of 44.5%, 27.6%, and 22.5% respectively [27] - The report indicates an expected EPS of 0.77 yuan, 0.99 yuan, and 1.21 yuan for 2024, 2025, and 2026, with corresponding P/E ratios of 24.0X, 18.8X, and 15.3X based on the closing price of 18.53 yuan [34]

Group 1: Company Development Plans - The company will focus on three core areas: "tools, materials, and equipment" to strengthen its position in the PCB sector while enhancing its offerings in CNC tools, film materials, and intelligent equipment [2] - The company aims to deepen its involvement in mature products such as drill bits, milling cutters, and brushes [2] Group 2: Performance Improvement Strategies - The company plans to enhance its core competitiveness by optimizing product business, increasing R&D capabilities, and expanding market coverage to improve performance and create greater returns for investors [3] - The company acknowledges the challenge of its stock price falling below the issue price and is committed to taking measures to boost performance and market value [3] Group 3: Product Development and Market Focus - Currently, the company does not have products designed for humanoid robots, indicating a focused product strategy [3] - The company emphasizes that the information shared does not involve any major disclosures regarding performance outlook or development plans, highlighting the importance of investor awareness regarding investment risks [3]

欢迎接入华创机械鼎泰高科2024QE财报解读电话会议您已成功加入会议感谢大家参加本次会议会议即将开始请稍后 感谢大家参加本次会议,会议即将开始,请稍后。感谢大家参加本次会议,会议即将开始,请稍后。 感谢大家参加本次会议会议即将开始请稍后 感谢大家参加本次会议大家好欢迎参加华创机械鼎泰高科2024QE财报解读电话会议目前所参会者均处于静音状态现在开始播报名字和声明声明播报完毕后主持人可直接开始发言本次电话会议仅服务于华创证券研究所客户不构成投资建议相关人员应自主作出投资决策并自行承担投资风险 华创证券不应使用本次内容所导致的任何损失承担任何责任专家发言内容仅代表专家个人观点不代表本公司观点本次会议内容不得涉及国家保密信息内幕信息未公开重大信息商业秘密个人隐私不得涉及可能引发不当炒作或股价异常波动的敏感信息 不得涉及影响社会或资本市场稳定的言论未经华创证券事先书面许可任何机构或个人不得以任何形式复制刊载转载转发引用本次会议内容否则由此造成的一切后果及法律责任由该机构或个人承担本公司保留追究其法律责任的权利市场有风险投资需谨慎 各位投资者及友商朋友大家晚上好欢迎大家参加华创机械团队举办的鼎泰高科2024年第一季度财 ...

Summary of the Conference Call for Huachuang Machinery Dingtai High-Tech 2024 QE Financial Report Company Overview - The conference call pertains to Huachuang Machinery Dingtai High-Tech, a company operating in the machinery sector. Key Points and Arguments - The company expressed gratitude for the participation in the conference call, indicating a focus on transparency and communication with stakeholders [1]. Additional Important Content - No specific financial data, industry trends, or detailed insights were provided in the content available from the conference call [1].

中信证券股份有限公司 关于广东鼎泰高科技术股份有限公司 2023年度跟踪报告 | 保荐人名称：中信证券股份有限公司 | 被保荐公司简称：鼎泰高科（301377） | | --- | --- | | 保荐代表人姓名：万俊 | 联系电话：0755-23835238 | | 保荐代表人姓名：曾劲松 | 联系电话：0755-23835238 | 一、保荐工作概述 | 项目 | 工作内容 | | --- | --- | | 1.公司信息披露审阅情况 | | | （1）是否及时审阅公司信息披露文件 | 是 | | （2）未及时审阅公司信息披露文件的次数 | 无 | | 2．督导公司建立健全并有效执行规章制度的情况 | | | （1）是否督导公司建立健全规章制度（包括但不 限于防止关联方占用公司资源的制度、募集资金 | | | | 是 | | 管理制度、内控制度、内部审计制度、关联交易 | | | 制度） | | | | 是，根据发行人2023年内部控制评价报告、会 | | （2）公司是否有效执行相关规章制度 | 计师出具的2023年内部控制审计报告，发行人 | | | 有效执行了相关规章制度 | | 3.募集资金监督情况 ...

中信证券股份有限公司 关于广东鼎泰高科技术股份有限公司 （三）协办人：姚泽广 （四）培训时间：2024 年 4 月 16 日 （五）培训地点：鼎泰高科会议室 （六）培训人员：万俊、姚泽广 （七）培训对象：公司董事、监事、高级管理人员、中层以上管理人员及控 股股东、实际控制人相关人员 2023年度持续督导培训情况的报告 深圳证券交易所： 中信证券股份有限公司（以下简称"中信证券"、"保荐机构"）根据《深圳 证券交易所上市公司自律监管指引第 13 号——保荐业务》对广东鼎泰高科技术 股份有限公司（以下简称"鼎泰高科"、"公司"）进行了 2023 年度持续督导培训， 报告如下： 一、本次持续督导培训的基本情况 （一）保荐机构：中信证券股份有限公司 （二）保荐代表人：万俊、曾劲松 1 中信证券认为：通过本次培训，公司董事、监事、高级管理人员、中层以上 管理人员对上市公司信息披露、公司治理以及自身行为规范有了更全面的了解。 本次持续督导培训总体上提高了公司及其董事、监事、高级管理人员和相关人员 的规范运作意识及对资本市场理解，有助于提高公司规范运作和信息披露水平。 2 （本页无正文，为《中信证券股份有限公司关于广东鼎泰 ...

中信证券股份有限公司 关于广东鼎泰高科技术股份有限公司2023年持续督导工作现场 检查结果及提请公司注意事项 广东鼎泰高科技术股份有限公司： 中信证券股份有限公司（以下简称"本保荐人"）作为对贵公司进行持续督 导的保荐人，按照《深圳证券交易所上市公司自律监管指引第 13 号——保荐业 务》的有关要求，对贵公司认真履行了持续督导职责。 基于 2023 年度现场检查，本保荐人提请贵公司关注以下事项： 继续严格按照《公司法》《证券法》《深圳证券交易所创业板股票上市规则》 等法律法规的要求，不断完善上市公司法人治理结构，强化风险防范意识，确保 信息披露内容的真实、准确、完整。 附件：《定期现场检查报告》 保荐人：中信证券股份有限公司（盖章） 年 月 日 ...

中信证券股份有限公司 现场检查手段： 关于广东鼎泰高科技术股份有限公司 2023 年度持续督导定期现场检查报告 | 保荐人名称：中信证券股份有限公司 被保荐公司简称：鼎泰高科 | | --- | | （以下简称"中信证券"或"保荐人"） | | 保荐代表人姓名：万俊 联系电话：0755-23835238 | | 保荐代表人姓名：曾劲松 联系电话：0755-23835238 | | 现场检查人员姓名：万俊、姚泽广 | | 现场检查对应期间：2023 年 1 月 1 日-2023 年 12 月 31 日 | | 现场检查时间：2024 年 4 月 16 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： | | 查阅了上市公司最新章程、三会议事规则及会议材料，取得上市公司董事、监事、 | | 高级管理人员名单及其变化情况，取得上市公司关联方清单，查阅关于公司控股 | | 股东、实际控制人、董事、监事、高级管理人员的信息披露文件及相关变更决策 | | 文件，查看上市公司生产经营场所，对上市公司董事会秘书进行访谈。 | | 1.公司章程和公司治理制度是否完备、合 ...

Financial Performance - The company's operating revenue for Q1 2024 was ¥332,755,510.87, representing a 20.45% increase compared to ¥276,259,014.61 in the same period last year[2] - Net profit attributable to shareholders decreased by 40.43% to ¥40,661,339.93 from ¥68,258,019.82 year-on-year[2] - The net profit after deducting non-recurring gains and losses was ¥35,364,192.74, down 14.83% from ¥41,519,905.26 in the previous year[2] - Basic and diluted earnings per share decreased by 41.18% to ¥0.10 from ¥0.17 year-on-year[2] - The total comprehensive income attributable to the parent company was 38,402,613.61, a decrease from 68,258,019.82 in the previous period[27] - Basic and diluted earnings per share were both 0.1000, down from 0.1700 in the previous period[27] - The operating profit for the current period is 45,496,986.67, down from 80,044,727.98, indicating a decrease of 43.14%[50] - The total profit for the current period is 45,214,361.07, compared to 80,015,329.72 in the previous period, showing a decrease of 43.49%[50] Cash Flow - The net cash flow from operating activities fell by 55.16% to ¥18,400,486.27, compared to ¥41,032,708.41 in the same quarter last year[2] - Cash inflow from operating activities totaled 327,242,266.44, compared to 264,264,221.64 in the previous period, reflecting a growth of approximately 23.9%[27] - Cash outflow from operating activities was 308,841,780.17, up from 223,231,513.23, indicating an increase of about 38.3%[27] - The net cash flow from operating activities decreased to 18,400,486.27 from 41,032,708.41, a decline of approximately 55.2%[27] - The net cash flow from investing activities was -61,730,481.19, compared to -261,593,579.31 in the previous period, showing an improvement[28] - The net cash flow from financing activities is 8,298,554.95, a turnaround from -59,451,520.39, reflecting an increase of 113.96%[54] Assets and Liabilities - Total assets at the end of the reporting period were ¥3,217,747,067.17, an increase of 1.20% from ¥3,179,443,666.55 at the end of the previous year[2] - Shareholders' equity attributable to the parent company increased by 1.93% to ¥2,363,593,038.77 from ¥2,318,803,454.08 at the end of the previous year[2] - Total current assets increased to 2,005,477,803.02 from 1,966,026,460.79, reflecting a growth of approximately 2.6%[31] - Inventory increased to 369,773,277.30 from 339,787,908.15, indicating a rise of about 8.8%[31] - Contract liabilities increased by 79.60% to ¥6,456,459.41, up from ¥3,594,846.35[41] Expenses - Total operating costs amounted to ¥292,038,099.48, up 31.1% from ¥222,658,760.45 in the prior period[34] - Research and development expenses increased to ¥27,697,309.39, representing a 22.0% rise compared to ¥22,696,582.34 last year[34] - Other income decreased significantly by 86.15% to ¥4,337,382.72 from ¥31,312,443.09 in the previous period[46] - Financial expenses surged by 176.32% to ¥2,355,042.18, compared to a negative expense of -¥3,085,599.09 in the previous period[46] - The company’s income tax expense decreased by 62.47% to ¥4,429,072.69 from ¥11,800,609.28 last year[46] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 12,351, with the largest shareholder holding 76.23% of the shares[47] Other Financial Metrics - The company reported a 182.52% increase in receivables financing, rising to ¥104,736,950.67 from ¥37,072,908.63[41] - The company experienced a 50.86% decrease in prepayments, which fell to ¥3,882,699.45 from ¥7,901,815.42[41] - The fair value change income is 1,620,789.04, while credit impairment losses amount to 767,520.15[50] - The other comprehensive income after tax attributable to the parent company is -2,258,726.32[50] - The company reported a decrease in total assets impairment losses to -2,522,007.85 from -1,764,796.69 in the previous period[50] - The company has no non-recurring gains and losses as defined in the relevant regulations[52]

301377.SZ 行业下行盈利能力有所承压，多业务布局未来成 长可期 股价表现 | --- | --- | --- | |-------------------------------|------------|----------| | | | | | | | | | 发行股数 ( 百万 ) | | 410.00 | | 流通股 ( 百万 ) | | 71.02 | | 总市值 ( 人民币 百万 ) | | 7,380.00 | | 3 个月日均交易额 ( 人民币 | 百万 ) | 62.56 | | 主要股东 | | | | 广东太鼎控股有限公司 | | 76.23 | | 资料来源：公司公告， Wind | ，中银证券 | | 证券分析师：陶波 (8621)20328512 bo.tao@bocichina.com 证券投资咨询业务证书编号：S1300520060002 | --- | --- | --- | --- | --- | --- | |---------------------------------|-------|-------|-------|-------|-------| | | ...