证券代码：430418 证券简称：苏轴股份 公告编号：2025-044 苏州轴承厂股份有限公司 2024 年年度股东会决议公告 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，没有虚假记载、误 导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带法律 责任。 一、会议召开和出席情况 （一）会议召开情况 1.会议召开时间：2025 年 4 月 29 日 2.会议召开地点：公司行政楼三楼第一会议室 3.会议召开方式：现场投票与网络投票相结合的方式 4.会议召集人：董事会 5.会议主持人：董事长张文华先生 6.召开情况合法、合规、合章程性说明： 本次股东会的召集、召开、议案的审议程序符合《中华人民共和国公司法》以及 有关法律、法规和《公司章程》的规定。 （二）会议出席情况 出席和授权出席本次股东会的股东共 13 人，持有表决权的股份总数 65,336,698 股， 占公司有表决权股份总数的 48.2517%。 其中通过网络投票参与本次股东会的股东共 2 人，持有表决权的股份总数 132,885 股，占公司有表决权股份总数的 0.0981%。 （三）公司董事、监事、高级管理人员出席或列席股东会 ...

Group 1 - In Q1 2025, public fund institutions' heavy positions in the Beijing Stock Exchange reached a record high of 6.743 billion yuan, an increase of 24.45% compared to the end of 2024, accounting for 0.11% of public funds in A-share market [1][9][10] - The number of public fund institutions investing in the Beijing Stock Exchange also hit a record high, with 34 institutions participating, a growth of 17.24% from the end of 2024 [1][10] - The total scale of the North Certificate 50 index fund reached 9.539 billion yuan as of April 30, 2025, reflecting a year-on-year growth of 22.63% [1][14] Group 2 - The average return of 11 thematic funds in the Beijing Stock Exchange reached 33.48% in 2025, with all funds reporting positive returns [1][15][20] - Among the top 20 companies by institutional holdings, six companies saw an increase of over 1 million shares, including Binhang Technology and Audiwei, while three companies experienced a reduction of over 1 million shares [1][20][21] Group 3 - The overall PE ratio of the North Certificate A-shares increased from 45.22X to 46.46X, indicating a rising valuation trend [2][24] - As of April 30, 2025, 132 companies had a PE ratio exceeding 45X, accounting for 50% of the total, with 54 companies exceeding 105X [2][35] - The average PE ratios for key industries such as Information Technology and Chemical New Materials were 95.68X and 36.67X respectively, indicating high valuations in these sectors [2][37][41] Group 4 - The IPO review process saw three new companies accepted and one company terminated its listing as of April 30, 2025 [3][22] - The market performance of the North Certificate 50 index showed a 2.38% increase, closing at 1331.13 points [2][29][33]

Core Viewpoint - The Beijing Stock Exchange (BSE) has emerged as a standout market in A-shares, with the BSE 50 Index rising nearly 3% in April and over 28% year-to-date, making it the highest-performing broad-based index this year [1] Group 1: Market Performance - The BSE has seen significant stock price increases, with key stocks like Jinbo Biological doubling in price this year, and others like Suzhou Axis and Audiwei rising over 5% on the same day [1] - Multiple BSE funds have reported impressive gains, with top performers like Huaxia BSE Innovation Small and Medium Enterprises Selection and CITIC Construction Investment BSE Selection achieving year-to-date increases of 54.8% and 54.73% respectively [3] - A total of 15 stocks on the BSE have doubled in price this year, including several heavily weighted by funds [4] Group 2: Fund Allocation Trends - There is a growing trend of fund managers increasing their allocation to BSE stocks, moving away from previous biases against this market, with over 50% of funds now including BSE companies in their top ten holdings [6] - As of the first quarter of 2025, 72 public funds have included BSE companies in their top holdings, indicating a significant shift in investment strategy [6] - The total market value of public funds invested in BSE stocks reached 6.743 billion yuan by the end of the first quarter [6] Group 3: Policy and Fundamental Support - The China Securities Regulatory Commission has indicated plans to optimize the investor structure and attract more long-term capital to the BSE, enhancing its appeal as a growth investment destination [7] - BSE-listed companies reported a total revenue of approximately 180.845 billion yuan for the year, with an average revenue of 68.2 million yuan per company, and 84.91% of companies reported positive net profits [7] Group 4: Investment Strategy and Valuation - Fund managers emphasize the importance of valuation and cost-effectiveness in their investment strategies, with a focus on stable, low-valuation industry leaders [9] - Specific investment themes include technology innovation, high-end manufacturing upgrades, and emerging consumer trends, with a focus on sectors like AI, semiconductors, and new consumer markets [10]

Market Overview - The A-share market experienced fluctuations with the Shanghai Composite Index closing at 3288.41, down 0.20% [2] - The total market capitalization of the Shanghai Composite Index is 6344.43 billion, with a PE ratio of 11.70 and a PB ratio of 1.22 [3] - The overall market sentiment is cautious, with a significant number of stocks declining [10] Economic Policies - The central bank will continue to implement a moderately loose monetary policy to support the real economy [15][16] - Measures to stabilize employment and promote high-quality economic development are set to be introduced [17][18] - The central bank conducted a 279 billion 7-day reverse repurchase operation, injecting liquidity into the market [19] Industry Dynamics - The engineering machinery export maintained growth momentum in Q1 2025, with total exports reaching 13.61 billion USD, up 7.6% year-on-year [27][28] - The export of excavators saw a significant increase, with a total of 2.34 billion USD, up 21.4% year-on-year [28] - The industrial vehicle sector experienced a slight decline in exports, totaling 2.06 billion USD, down 1.3% year-on-year [29] Company Performance - Keda Li (002850.SZ) reported a Q1 2025 net profit of 387 million, up 25.51% year-on-year, with revenue of 3.022 billion, reflecting a 20.46% increase [34][35] - Jin Lei Co., Ltd. (300443.SZ) achieved a net profit of 55.91 million in Q1 2025, up 91.2% year-on-year, with revenue of 505 million, up 97.5% [36] - Qingsong Co., Ltd. (300132.SZ) turned a profit with a net profit of 54.68 million in 2024, compared to a loss in the previous year [38] - Hualing Cable (001208.SZ) reported a net profit of 28 million in Q1 2025, up 101.34% year-on-year, driven by improved gross margins [46] Investment Opportunities - The banking sector is highlighted as a defensive investment due to its stable dividend yields amid market volatility [10][11] - The energy sector, particularly electric power, is expected to see increased demand as summer approaches, presenting potential investment opportunities [11] - Companies in the AI industry chain and those benefiting from domestic consumption expansion are recommended for long-term investment [11]

Core Viewpoint - The report by Yuanzhi Yuan from Caixin Securities highlights the stable growth of Suzhou Axis Co., Ltd. in the bearing industry, with a focus on new product development and a recommendation for a buy rating. Financial Performance - In 2024, the company achieved revenue of 715 million yuan, a year-on-year increase of 12.42% [1] - The net profit attributable to shareholders was 151 million yuan, up 21.32% year-on-year, while the net profit excluding non-recurring items was 148 million yuan, reflecting a 27.83% increase [1] - The gross margin for 2024 was 37.29%, an increase of 0.61 percentage points, and the net margin was 21.06%, up 1.54 percentage points [1] Quarterly Performance - In Q4 2024, revenue was 169 million yuan, down 1.27% year-on-year and down 10.50% quarter-on-quarter [2] - The net profit attributable to shareholders in Q4 was 33 million yuan, a decrease of 10.90% year-on-year and 24.18% quarter-on-quarter [2] - The gross margin for Q4 was 33.24%, down 1.64 percentage points year-on-year and down 6.22 percentage points quarter-on-quarter [2] Product and Regional Analysis - Bearing products generated revenue of 635 million yuan in 2024, a year-on-year increase of 11.96%, with a gross margin of 38.75% [3] - Rolling body revenue was 47 million yuan, up 24.61% year-on-year, but with a gross margin of 34.69%, down 11.37 percentage points [3] - Domestic revenue was 404 million yuan, a 10.13% increase year-on-year, while international revenue reached 311 million yuan, up 15.55% year-on-year [3] Future Outlook - The company is focusing on the development of new products, including thin-walled cross cylindrical roller bearings for harmonic reducers, which may drive future growth [4] - Revenue projections for 2025-2027 are 870 million, 1.05 billion, and 1.25 billion yuan, with net profits of 183 million, 229 million, and 283 million yuan respectively [4] - The company is rated as a "buy" based on its stable business fundamentals and growth potential in the robotics sector [4]

证券代码：430418 证券简称：苏轴股份 公告编号：2025-041 苏州轴承厂股份有限公司 第四届监事会第十八次会议决议公告 本公司及监事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、误 导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带法律 责任。 一、会议召开和出席情况 （一）会议召开情况 3.会议召开方式：现场方式 4.发出监事会会议通知的时间和方式：2025 年 4 月 15 日以书面方式送达各位监事 5.会议主持人：监事会主席唐雪军先生 6.召开情况合法、合规、合章程性说明： 二、议案审议情况 （一）审议通过《关于公司 2025 年第一季度报告的议案》。 1.议案内容： 根据《北京证券交易所股票上市规则（试行）》《北京证券交易所上市公司持续监 管办法(试行)》《北京证券交易所上市公司持续监管指引第 2 号——季度报告》等法 律、规则以及《苏州轴承厂股份有限公司章程》的规定，公司编制《2025 年第一季度 报告》。 本议案已经第四届董事会审计委员会第八次会议审议通过。 监事会对《公司 2025 年第一季度报告》进行了审核，并发表审核意见如下： 本次会议召开符合《中华人 ...

证券代码：430418 证券简称：苏轴股份 公告编号：2025-040 苏州轴承厂股份有限公司 第四届董事会第二十一次会议决议公告 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，没有虚假记载、误 导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带法律 责任。 一、会议召开和出席情况 （一）会议召开情况 1.会议召开时间：2025 年 4 月 25 日 3.会议召开方式：现场方式 4.发出董事会会议通知的时间和方式：2025 年 4 月 15 日以书面方式送达各位董事 5.会议主持人：董事长张文华先生 6.会议列席人员：全体监事和全体高级管理人员 7.召开情况合法、合规、合章程性说明： 本次会议召开符合《中华人民共和国公司法》、《公司章程》以及公司《董事会 议事规则》的相关规定。 2.会议召开地点：公司行政大楼三楼第一会议室 （二）会议出席情况 会议应出席董事 9 人，出席和授权出席董事 9 人。 二、议案审议情况 （一）审议通过《关于公司 2025 年第一季度报告的议案》。 本议案无需提交股东会审议。 （二）审议通过《关于公司 2024 年度可持续发展报告的议案》 1.议案内容： ...

目录 董事长致辞 走进苏轴股份 聚焦 2024 可持续发展管治 完善环境管理 绿色产品设计 应对气候变化 水资源管理 污染防治与控制 生物多样性保护 37 39 40 45 47 50 激发创新活力 深化多元合作 信息安全管理 17 21 22 创业创新 驱动高质发展 01 04 03 党建强基铸魂 规范公司治理 强化风险内控 恪守商业道德 可持续供应链 诚信经营 厚植管治根基 产品质量管理 优质客户服务 推动产品可及 27 32 34 02 至诚服务 践行品质为先 低碳运营 建设生态文明 专题 全面数智升级 赋能新质生产力 关键绩效表 指标索引表 关于本报告 01 03 05 06 11 83 85 86 CONTENTS | 53 | | --- | | 56 | | 61 | | 62 | | 64 | 05 以人为本 共筑美好生活 | 保障员工权益 | 69 | | --- | --- | | 员工培育与发展 | 74 | | 增进员工福祉 | 76 | | 职业健康安全 | 77 | | 投身公益慈善 | 82 | 苏州轴承厂股份有限公司 2024 年度可持续发展报告 董事长致辞 2024 年，全球 ...

Market Performance - The average daily change for the North Exchange (北证) was recorded at 6% on April 23, 2025, while the A-share market showed an average change of 4%[7]. - The North Exchange's trading volume reached 600 billion CNY with an average turnover rate of 16% as of April 23, 2025[6]. Top Gainers - The top-performing stock, 科拜尔 (920066.BJ), in the basic chemical sector, saw a daily increase of 23.20% with a market capitalization of 25.54 billion CNY[8]. - The second-highest gainer, 万达轴承 (920002.BJ), in the machinery equipment sector, increased by 17.30% and had a market cap of 83.11 billion CNY[8]. Top Losers - The stock 一致魔手 (839273.BJ) in the agriculture sector experienced the largest decline at -9.06%, with a market cap of 45.87 billion CNY[9]. - The second-largest drop was recorded by 秋乐种业 (831087.BJ), which fell by 8.24% and had a market capitalization of 32.40 billion CNY[9]. Valuation Insights - The price-to-earnings (PE) ratio for the North Exchange companies varied significantly, with some sectors like machinery equipment showing high valuations[10]. - The valuation trends indicate a competitive market environment, with potential risks related to policy support and technological innovation[13].

A股减速器概念股走高，吉冈精密涨超20%，双飞集团、襄阳轴承、苏轴股份、秦川机床、宁波东力等 均涨超10%。 ...