Financial Data and Indicators - The basic earnings per share for Q1 2025 remained unchanged at 0.0400 CNY compared to Q1 2024 [1] - The net asset per share increased to 7.43 CNY, reflecting a 0.68% growth from 7.38 CNY in Q1 2024 [1] - The retained earnings per share rose by 1.9% to 2.14 CNY from 2.10 CNY in Q1 2024 [1] - The operating revenue for Q1 2025 was 9.33 billion CNY, showing a 1.63% increase from 9.18 billion CNY in Q1 2024, but a decrease from 12.62 billion CNY in Q1 2023 [1] - The net profit for Q1 2025 was 0.17 billion CNY, unchanged from Q1 2024, but down from 0.19 billion CNY in Q1 2023 [1] - The return on equity for Q1 2025 was 0.54%, up 3.85% from 0.52% in Q1 2024 [1] Shareholder Structure - The top ten unrestricted shareholders collectively hold 19,710.51 million shares, accounting for 45.35% of the circulating shares, with an increase of 3,407.7 thousand shares from the previous period [2] - Anhui Fuhuang Construction Co., Ltd. remains the largest shareholder with 14,461.63 million shares, representing 33.28% of the total share capital, unchanged from the previous report [2] - New entrants in the top ten shareholders include Huo Dun with 375.16 thousand shares and Luo Yaxing with 241.48 thousand shares [2] Dividend Distribution - The company has decided not to distribute dividends or transfer shares this time [3]

Core Insights - The company has seen a 1.3% increase in new orders in Q1 2025 and a 14.3% increase in steel structure production [1][4] - The welding robots have been scaled up for use, enhancing capacity utilization, product quality, and cost reduction [5] Financial Performance - In 2024, the company's net profit decreased by 34.5%, with operating cash flow down by 47.8% [3] - Revenue for 2024 was 21.5 billion, a decline of 8.6%, with quarterly comparisons showing a consistent downward trend [3] - The gross profit margin for 2024 was 10.3%, a decrease of 0.80 percentage points, while the net profit margin was 3.59%, down by 1.42 percentage points [3] Order and Production Metrics - New contracts signed in 2024 totaled 28.298 billion, a decrease of 4.8%, with Q1-Q4 figures showing a decline [4] - Steel structure product output was approximately 4.511 million tons in 2024, a slight increase of 0.5%, with Q1 2025 output reaching about 1.049 million tons, up 14.3% [4] Technological Advancements - The company has implemented nearly 2,000 lightweight welding robots and rail-type robot welding stations across its ten production bases [5] - Continuous investment in smart upgrades is expected to further enhance production efficiency and reduce costs [5] Dividend Policy - The company plans to distribute a dividend of 0.36 per share for the current year, up from 0.52 per share in the previous year, resulting in a dividend payout ratio of 32.0% [5]

Investment Rating - The investment rating for the company is "Buy" [14] Core Views - The company reported a revenue of 21.514 billion yuan for 2024, a year-on-year decrease of 8.60%, and a net profit attributable to shareholders of 0.772 billion yuan, down 34.51% year-on-year [5] - The decline in profitability for 2024 is attributed to multiple factors including falling steel prices, tight cash flow among downstream customers, and increased competition in the industry [6] - The company is expected to see improvements in orders and profitability in 2025, with a projected revenue of 23.9 billion yuan, representing an increase of 11.3% year-on-year, and a net profit of 1.061 billion yuan, up 37.4% year-on-year [8][10] Company Overview - The latest closing price of the company's stock is 19.18 yuan, with a total market capitalization of 13.2 billion yuan [4] - The company has a total share capital of 690 million shares, with 496 million shares in circulation [4] - The company’s debt-to-asset ratio stands at 61.9% and its price-to-earnings ratio is 17.12 [4] Financial Performance - In Q4 of 2024, the company achieved a revenue of 5.627 billion yuan, a decrease of 14.36% year-on-year, and a net profit of 0.117 billion yuan, down 59.74% year-on-year [5] - The company’s production volume for 2024 was 4.51 million tons, a slight increase of 0.51% year-on-year, while sales volume reached 4.33 million tons, up 1.82% year-on-year [6] - The company’s operating cash flow net inflow for 2024 was 0.57 billion yuan, a decrease of 0.52 billion yuan compared to the previous year [7] Future Outlook - The company’s first quarter of 2025 showed an improvement in steel structure production, reaching 1.0491 million tons, an increase of 14.29% year-on-year, and new contracts signed amounted to approximately 7.052 billion yuan, up 1.25% year-on-year [8] - Long-term cost reduction potential is expected to be enhanced through increased investment in automation and robotics [8] - The projected earnings per share (EPS) for 2025 and 2026 are 1.54 yuan and 2.09 yuan respectively, with corresponding price-to-earnings ratios of 12.92 and 9.52 [10][13]

登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：002135 证券简称：东南网架 公告编号：2025-027 债券代码：127103 债券简称：东南转债 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。 为贯彻落实国务院《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》，进一步提高公司投 资价值，根据中国证监会《上市公司监管指引第10号——市值管理》等监管要求等规定，制定《估值提 升计划》。 一、 估值提升计划的触发情形及审议程序 （一）触发情形 根据中国证监会《上市公司监管指引第10号——市值管理》的规定，公司股票价格连续12个月每个交易 日收盘价均低于其最近一个会计年度经审计的每股归属于公司普通股股东的净资产的上市公司（以下简 称"长期破净公司"），应当制定上市公司估值提升计划，并经董事会审议后披露。 自2024 年4月1日起至 2025年3月31日，浙江东南网架股份有限公司（以下简称"公司"）股票已连续12个 月每个交易日收盘价均低于最近一个会计年度经审计的每股归属于公司普通股股东的净资产。公司于 2024年4月23日披露《2023年年度 ...

东南网架（002135）公告，2024年营业收入112.42亿元，同比减少13.52%。归属于上市公司股东的净利 润1.9亿元，同比减少42.17%。基本每股收益0.17元/股，同比减少39.29%。公司拟向全体股东每10股派 发现金红利0.7元(含税)，送红股0股(含税)，不以公积金转增股本。 ...

Investment Rating - The investment rating for the company is "Buy" and is maintained [11]. Core Views - The company achieved a total revenue of 21.514 billion yuan in 2024, a year-on-year decrease of 8.60%. The net profit attributable to shareholders was 772 million yuan, down 34.51% year-on-year, while the net profit after deducting non-recurring gains and losses was 481 million yuan, a decrease of 44.91% year-on-year [2][8]. Summary by Sections Financial Performance - The company reported a total revenue of 21.514 billion yuan for 2024, which is an 8.60% decrease compared to the previous year. The net profit attributable to shareholders was 772 million yuan, reflecting a 34.51% decline year-on-year. The net profit after deducting non-recurring items was 481 million yuan, down 44.91% year-on-year [2][8]. Production and Sales - The production capacity for 2024 was 5.2 million tons, slightly up from 5 million tons in 2023. The production volume remained stable at 4.51 million tons, while sales volume increased by 2% to 4.33 million tons, resulting in a sales rate of 96.1% [14]. Profitability - The average price per ton for the year was 4,964 yuan, a decrease of 566 yuan per ton year-on-year. The gross profit per ton was 513 yuan, down 103 yuan per ton year-on-year. However, the gross profit per ton showed a quarter-on-quarter improvement in Q4 [14]. Cost and Expenses - The company experienced an increase in expense ratios across sales, management, research and development, and financial expenses. The total expense ratio for 2024 was 7.18%, up 1.03 percentage points year-on-year [14]. Cash Flow - The company reported a net cash inflow from operating activities of 573 million yuan for the year, with Q4 showing a net inflow of 246 million yuan. The cash flow was impacted by credit impairment losses and asset impairment losses in Q4 [14]. Future Outlook - In Q1 2025, the company signed new sales contracts worth approximately 7.052 billion yuan, a 1.25% increase compared to the same period in 2024. The production volume in Q1 2025 increased by 14.29% compared to Q1 2024, indicating a positive sales policy adjustment and the emergence of an operational turning point [14]. Investment Recommendation - The report suggests focusing on medium-term growth and high elasticity, as the company is expected to convert its manufacturing advantages into improved sales. The operational turning point has been confirmed, and the upward trend in operations is expected to continue [14].

精工钢构（600496）公告，2025年第一季度营业总收入48.2亿元，同比增长41.17%。归属于上市公司股 东的净利润1.23亿元，同比增长26.28%。 ...

杭萧钢构股份有限公司 证券代码：600477 证券简称：杭萧钢构 公告编号：2025-013 关于 2024 年年度经营数据的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、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法律责任。 根据《上海证券交易所上市公司自律监管指引第 3 号——行业信息披露第八 号-建筑》等相关规定，杭萧钢构股份有限公司（以下简称"公司"）现将 2024 年年度主要经营数据披露如下，供各位投资者参阅。 | 业务类型 | | | 2024 年 1-12 月 | 2023 | 年 1-12 月 | 同比变 | | --- | --- | --- | --- | --- | --- | --- | | | | 新签合 | 新签合同金额（元） | 新签合 | 新签合同金额（元） | 化(%) | | | | 同数量 | | 同数量 | | | | 钢结构制造和安装 | | 365 | 13,069,433,474.35 | 322 | 14,756,268,962.71 | -11.43 | | 多高层钢结构 | | 138 | 6,525,219,128.13 ...

Financial Performance - The basic earnings per share decreased by 43.2% to 0.0710 yuan in 2024 from 0.1250 yuan in 2023 [1] - The total revenue dropped by 26.55% to 7.947 billion yuan in 2024 compared to 10.82 billion yuan in 2023 [1] - The net profit fell by 42.52% to 0.169 billion yuan in 2024 from 0.294 billion yuan in 2023 [1] - The return on equity decreased by 42.16% to 3.32% in 2024 from 5.74% in 2023 [1] - The net asset per share dropped to 0 yuan in 2024, a 100% decrease from 2.19 yuan in 2023 [1] Shareholder Structure - The top ten unrestricted shareholders hold a total of 108,387.26 million shares, accounting for 45.75% of the circulating shares, with a decrease of 1,306.18 million shares from the previous period [1] - The largest shareholder, Dan Yinmu, holds 90,471.38 million shares, representing 38.19% of the total share capital, with no change [2] - New entrants in the top ten shareholders include a securities investment fund holding 1,370.01 million shares and Ji Hongdi with 1,009.13 million shares [2] Dividend Distribution - The company announced a dividend distribution of 0.350 yuan per share (including tax) [2]

长江精工钢结构（集团）股份有限公司 | | | 长江精工钢结构（集团）股份有限公司 关于 2025 年第一季度经营数据的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、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责任。 一、业务签约及销量情况 2025 年 1-3 月，公司（包括控股子公司）共新签合同 169 项，累计合同金额 61.4 亿元，同比增长 0.7%。 2025 年 1-3 月，公司钢结构销量 38.5 万吨，同比增长 31.6%。 二、具体业务发展情况 | 单位：亿元 | | --- | | | | 2025 | 年 1-3 | 月 | 2024 | 年 1-3 | 月 | 同比 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | 专业分包一体化 | 30.8 | 项目金额 | | 35.0 | 项目金额 | | -12.0% | | | 工业建筑 公共建筑 | | | 25.5 5.3 | | | 23.8 11.2 | 7.2% -52.6% | | | 新兴业务 | 10.3 ...