证券代码：301548 证券简称：崇德科技 公告编号：2024-049 湖南崇德科技股份有限公司（以下简称"公司"）第二届董事会第九次会议 通知于 2024 年 12 月 17 日以电子邮件、微信的方式送达，会议于 2024 年 12 月 23 日以传真表决的方式召开，本次会议应参加表决董事 9 人，实际参加表决董 事 9 人。会议的出席人数、召集召开程序、议事内容符合《中华人民共和国公司 法》（以下简称"《公司法》"）和《湖南崇德科技股份有限公司章程》（以下 简称"《公司章程》"）的有关规定。 二、董事会会议审议情况 经与会董事认真讨论并表决，审议并通过如下议案： 1、会议以 9 票同意，0 票反对，0 票弃权审议通过了《关于 2024 年特别分 红方案的议案》，该议案需提交公司股东大会审议。 公司综合考虑业务发展、投资者回报、财务状况及资金规划等因素，此次拟 通过特别分红的方式提前部分实施 2024 年年度分红方案，具体如下：以公司现 有总股本 8,700 万股为基数，每 10 股派发现金股利 2.80 元人民币（含税），预 计派发现金股利 2,436.00 万元（含税）。本次利润分配不进行资本公积转增股 ...

证券代码：301548 证券简称：崇德科技 公告编号：2024-051 湖南崇德科技股份有限公司 2024 年特别分红方案的公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，不存在虚假记载、误导 性陈述或重大遗漏。 湖南崇德科技股份有限公司（以下简称"公司"）于 2024 年 12 月 23 日召 开了第二届董事会第九次会议、第二届监事会第八次会议，审议通过了《关于 2024 年特别分红方案的议案》，该事项尚需提交公司 2025 年第一次临时股东大 会审议。具体情况如下： 一、特别分红方案的基本情况 为积极落实《国务院关于加强监管防范风险推动资本市场高质量发展的若干 意见》（国发〔2024〕10 号）及中国证监会《上市公司监管指引第 10 号——市 值管理》的相关精神和要求，公司综合考虑业务发展、投资者回报、财务状况及 资金规划等因素，此次拟通过特别分红的方式提前部分实施 2024 年年度分红方 案，具体情况如下： 公司 2024 年前三季度实现归属于上市公司股东的净利润 8,527.35 万元（未 经审计），截至 2024 年 9 月 30 日，公司累计未分配利润为 31,434.58 万元（未 ...

Group 1: Company Overview - The main products and services include dynamic pressure oil film sliding bearings, wind power sliding bearings, high-speed permanent magnet motor products, and industrial transmission services, focusing on energy generation, industrial drive, petrochemicals, and marine vessels [2] - The company’s sliding bearing products are widely used in major equipment and high-precision devices such as heavy gas turbines, large steam turbines, wind power generation equipment, efficient compressors, high-speed motors, pumps, and gearboxes, serving as critical basic components [2] Group 2: Development Strategy - The company has established a "one core, two wings" development strategy, where "one core" refers to industrial sliding bearings as the core industry, continuously improving product quality and manufacturing technology to achieve efficient and low-cost manufacturing advantages [2] - The "two wings" involve expanding into international markets and developing new product markets, accelerating international layout, and actively embracing emerging industries such as new energy and semiconductors [2] Group 3: Competitive Landscape - The dynamic pressure oil film sliding bearing industry has a relatively low overall market concentration, indicating a fragmented competitive landscape [2] Group 4: International Sales Performance - The company’s international business, including direct exports and supporting international clients in domestic factories, has maintained rapid growth in recent years [3][4] - In 2024, the company plans to establish a European center to enhance market share, with international customer sales showing positive performance and an increasing sales proportion [4]

证券代码：301548 证券简称：崇德科技 公告编号：2024-048 湖南崇德科技股份有限公司 关于持股 5%以上股东、监事减持股份预披露公告 公司持股 5%以上股东、监事张力先生保证向公司提供的信息内容真实、准确、完整， 没有虚假记载、误导性陈述或重大遗漏。 公司及董事会全体成员保证公告内容与信息披露义务人提供的信息一致。 特别提示：持有湖南崇德科技股份有限公司（以下简称"公司"）股份 5,604,975 股（占公司总股本比例为 6.44%）的股东、监事张力先生计划自本减 持计划公告之日起 15 个交易日后的 3 个月内（即 2024 年 12 月 26 日起至 2025 年 3 月 25 日止）通过集中竞价或大宗交易方式减持公司股份不超过 870,000 股， 即不超过公司总股本的 1.00%。 公司于近日收到持股 5%以上股东、监事张力先生出具的《关于股份减持计 划的告知函》，现将有关情况公告如下： 一、股东基本情况 1、股东名称：张力，职务：监事 2、持股情况：截至本公告披露日，张力先生持有公司股份 5,604,975 股， 占公司总股本比例为 6.44%。 二、本次减持计划的主要内容 1、减持原因 ...

证券代码：301548 证券简称：崇德科技 公告编号：2024-047 湖南崇德科技股份有限公司 2024 年第一次临时股东大会决议公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，不存在虚假记载、误导 性陈述或重大遗漏。 4、会议召开方式：采取现场投票与网络投票相结合的方式。 5、会议召集人：公司董事会 重要提示 1、本次股东大会未出现否决议案的情形。 2、本次股东大会不涉及以往股东大会已通过的决议。 一、会议召开情况 1、会议召开时间： 现场会议召开时间：2024 年 11 月 15 日下午 14:30 2、网络投票时间： 通过深圳证券交易所交易系统进行网络投票的时间为 2024 年 11 月 15 日上 午 9:15—9:25，上午 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（http://wltp.cninfo.com.cn）进行网络投票的时间为 2024 年 11 月 15 日 9:15 至 15:00 期间的任意时间。 3、现场会议召开地点：湖南省湘潭市高新区茶园路 9 号公司会议室。 6、会议主持人：董事长 周少华先生 7、会议召开的合法性、 ...

t ivuan Law Firm 湖南启元律师事务所 关于湖南崇德科技股份有限公司 2024年第一次临时股东大会的 法律意见书 致:湖南崇德科技股份有限公司 为出具本法律意见书,本所及本所指派律师声明如下: (一)本所根据本法律意见书出具目以前已经发生或者存在的事实,严格履 行了法定职责,遵循了勤勉尽责和诚实信用原则,进行了充分的核查验证,保证 本法律意见所认定的事实真实、准确、完整,所发表的结论性意见合法、准确, 不存在虚假记载、误导性陈述或者重大遗漏，并承担相应法律责任。 (二)本所出具本法律意见是基于公司已承诺所有提供给本所的文件的正本 以及经本所查验与正本保持一致的副本均为真实、完整、可靠,无隐瞒、虚假或 重大遗漏之处。 (三)本所未授权任何单位或个人对本法律意见书作任何解释或说明。 为发表本法律意见，本所依法查验了公司提供的下列资料: 1、刊登在中国证券监督管理委员会（以下简称"中国证监会"）指定巨潮资讯 网站（http://www.cninfo.com.cn/）等媒体的与本次股东大会有关的通知等公告事 项: 2、出席会议的股东或其代理人的身份证明文件、授权委托书等; 3、本次股东大会股权登记目的公 ...

Group 1: Company Overview - Hunan Chongde Technology Co., Ltd. was established in 2003 and focuses on the production of sliding bearings for various applications, including energy generation and industrial drives [1] - The company has acquired Levicron GmbH, enhancing its technological capabilities and market position [1] Group 2: Product Development - The company has been researching wind turbine gearbox sliding bearings for nearly ten years, with the second generation of laser-clad sliding bearings developed since 2020, with diameters ranging from φ 85 to φ 450 [2] - A fully automated digital workshop for the second generation of sliding bearings has been established, improving product reliability and reducing friction and wear [2] Group 3: Material Applications - PEEK material sliding bearings are designed for rotating machinery in closed environments, offering excellent wear resistance, mechanical properties, and high-temperature resistance [2] - These custom PEEK bearings are primarily used in energy generation, petrochemical industries, and equipment such as deep well pumps and gas turbines [2] Group 4: Investor Relations - The company conducted investor relations activities on November 11 and 12, 2024, including a tour of the company’s exhibition hall and workshops, and discussions with senior management [1] - All communications adhered to regulations, ensuring no undisclosed significant information was leaked during the investor interactions [2]

Investment Rating - Maintain "Overweight" rating [3] Core Views - The company plans to acquire 100% of German Levicron for no less than €8.5 million, aiming to expand its air-bearing spindle business and accelerate its presence in the European market [3] - The acquisition is a strategic move to integrate Levicron into the company's global business while maintaining its technological and brand independence [3] - The company will retain Levicron's existing operations and workforce, operating it as an independent unit [3] - The acquisition will diversify the company's product line from oil-lubricated bearings to oil-free bearings and air-bearing spindles [3] - The company is accelerating its international business, with overseas revenue reaching ¥63.1 million in 2023, a year-on-year increase of 49.17% [3] - The company is the sole domestic supplier with a track record of supplying bearings for nuclear main pumps, and its products are widely used in nuclear power plants under construction [3] - The company has developed a second-generation wind power sliding bearing with significant cost advantages and has built the world's first fully automated laser cladding production line [3] - The company secured a nearly ¥10 million gas turbine bearing order from Dongfang Electric Group in 2024 [3] Financial Projections - Revenue is expected to reach ¥577 million, ¥700 million, and ¥853 million in 2024, 2025, and 2026, respectively, with year-on-year growth rates of 10.27%, 21.42%, and 21.71% [3] - Net profit attributable to the parent company is projected to be ¥122 million, ¥153 million, and ¥193 million in 2024, 2025, and 2026, respectively, with year-on-year growth rates of 20.33%, 25.31%, and 26.56% [3] - EPS is expected to be ¥1.40, ¥1.75, and ¥2.22 in 2024, 2025, and 2026, respectively, with corresponding P/E ratios of 37.98x, 30.31x, and 23.95x [3] Financial Data and Valuation - Revenue for 2024E, 2025E, and 2026E is projected to be ¥576.90 million, ¥700.45 million, and ¥852.52 million, respectively [4] - Net profit attributable to the parent company for 2024E, 2025E, and 2026E is projected to be ¥121.78 million, ¥152.60 million, and ¥193.13 million, respectively [4] - ROE for 2024E, 2025E, and 2026E is expected to be 8.15%, 9.26%, and 10.49%, respectively [4] - EPS for 2024E, 2025E, and 2026E is projected to be ¥1.40, ¥1.75, and ¥2.22, respectively [4] - P/E ratios for 2024E, 2025E, and 2026E are 37.98x, 30.31x, and 23.95x, respectively [4] Basic Data - 52-week high/low price: ¥94.1/¥36.68 [5] - A-share circulating shares: 23.69 million [5] - A-share total shares: 87.00 million [5] - Circulating market value: ¥1,189.14 million [5] - Total market value: ¥4,366.53 million [5] Stock Performance - The stock price of the company has shown a downward trend over the past year, with a decline of 43% [6] Industry and Market Context - The company operates in the industrial and capital goods sector, focusing on sliding bearings, which are widely used in energy generation, industrial drives, petrochemicals, and shipbuilding [3] - The company's international business expansion is driven by demand from industries such as nuclear power and wind power [3]

Investment Rating - The investment rating for the company is "Buy" [1] Core Views - The company reported a revenue of 370 million yuan for the first three quarters of 2024, a year-on-year decrease of 4.59%, while the net profit attributable to shareholders increased by 5.19% to 85 million yuan [4] - The company has a strong core technology in dynamic pressure oil film bearings, which supports its high profitability despite a decline in performance due to the wind power sector [9] - The company is expanding its international presence by establishing a joint venture in Germany and acquiring a German company to enhance its product offerings [8] Financial Performance Summary - For Q3 2024, the company achieved a revenue of 109 million yuan, down 13.67% year-on-year and 25.08% quarter-on-quarter [5] - The gross margin for Q3 was 35.85%, a decrease of 4.97 percentage points year-on-year [5] - The company expects revenues of 5.5 billion yuan in 2024, with net profits projected at 1.15 billion yuan, and EPS of 1.33 yuan [9] Business Segment Performance - The company’s business segments showed varied performance, with shipbuilding and petrochemicals performing well, while energy generation, particularly wind power, faced significant declines [6] - The shipbuilding segment saw a revenue increase of 231% year-on-year, while the petrochemical segment continued to grow due to strategic partnerships [6] Future Outlook - The company anticipates a revenue growth trajectory with projections of 6.9 billion yuan in 2025 and 8.5 billion yuan in 2026, alongside increasing net profits [9] - The target price range for the company is set between 52.2 and 60.9 yuan, based on a PE ratio of 30-35 times for 2025 [9]

Group 1: Acquisition of Levicron GmbH - The company signed a letter of intent to acquire 100% of Levicron GmbH for no less than €8.5 million, marking a strategic step in expanding its presence in the European market [1][2] - Levicron will operate as an independent unit, maintaining its existing location and workforce while coordinating in technology, management, and marketing for accelerated development [1][2] - The acquisition aims to enhance synergies in branding, R&D, production, and marketing, thereby increasing the global influence of the company's brand [2] Group 2: Nuclear Power Sector Development - Since May 2024, there has been a significant increase in orders for nuclear power equipment, with expectations for record-high orders for nuclear bearings within the year [2] - The company is constructing a dedicated production line for main pump bearings to enhance capacity and quality assurance [2] Group 3: Internationalization and New Product Development - The company is preparing to establish a European center to facilitate international market expansion and introduce international bearing experts to improve technology and quality [2] - The second-generation wind power sliding bearings developed by the company are leading in design technology and manufacturing processes, offering significant cost advantages over the first generation [2] - New products such as PEEK bearings, water-lubricated bearings, air-floating bearings, and damping bearings are actively being developed and applied [2] Group 4: International Sales and Capacity Utilization - The company's international business has been growing rapidly, with a focus on consolidating existing customer relationships while expanding into new markets [2] - In 2024, international customer sales are performing well, with an increasing proportion of sales coming from international clients [2] - The company is optimizing production equipment, processes, and logistics to steadily improve capacity utilization, with significant increases expected as new projects come online [2]