商报讯(记者汤佳烨通讯员俞晶)"我们有一批出口货物当前正送样检测，客户突然提出加急需求，我们 担心赶不上船期，要怎么办？"近日，浙江万盛股份（603010）有限公司在出口一批化工品通关过程中 遇到了突发情况，第一个念头就是向杭州海关隶属台州海关企业协调员进行求助。 "我们公司专注于机械传动齿轮及其组件的制造与销售，随着产能扩大、产品型号种类的持续增加，对 申报规范的要求也越来越高。合规能力提升，是我们成为AEO企业后最大的感触。"浙江双环传动 （002472）机械股份有限公司营销管理负责人蔡英英表示。通过关企协调机制，杭州海关集中多条线专 家力量，梳理、规范"双环传动"在进出口单证申报过程中的风险漏洞，帮助提升企业合规管理能力。在 进出境环节，企业还能享受到优先办理通关手续、优先查检、降低查验率等通关便利化措施。 海关协调员队伍还在持续扩大中，3月底，海关信用管理部门推出"急难愁盼"线上办暖心服务活动，杭 州海关积极响应，统筹关区企业协调员精准送策，做到企业有所呼，发展有所需，海关有所应。 据海关统计，杭州海关辖区目前有220家AEO企业，今年1-5月上述企业进出口1413.8亿元，占浙江进出 口额的6.3% ...

"我们有一批出口货物当前正送样检测，客户突然提出加急需求，我们担心赶不上船期，要怎么办？"近日，浙江万盛股份有限公司在出口一批化工品通关 过程中遇到了突发情况，第一个念头就是向杭州海关隶属台州海关企业协调员进行求助。 接到咨询后，协调员第一时间对接职能部门，启动协调机制对接杭州海关技术中心，2日内就出具专业认定意见，避免了本次订单损失。"从提交问题到出 具报告，协调员全程跟进指导，让我们真切感受到了海关AEO企业的含金量。"万盛股份关务负责人余贞贞感慨。 "我们公司专注于机械传动齿轮及其部组件的制造与销售，随着产能扩大、产品型号种类的持续增加，对申报规范的要求也越来越高。合规能力提升，是 我们成为AEO企业后最大的感触。"浙江双环传动机械股份有限公司营销管理负责人蔡英英表示。通过关企协调机制，杭州海关集中多条线专家力量，梳 理、规范"双环传动"在进出口单证申报过程中的风险漏洞，帮助提升企业合规管理能力。在进出境环节，企业还能享受到优先办理通关手续、优先查检、 降低查验率等通关便利化措施。 海关协调员队伍还在持续扩大中，3月底，海关信用管理部门推出"急难愁盼"线上办暖心服务活动，杭州海关积极响应，统筹关区企业协 ...

2024 年丰立智能的营业收入为 5.05 亿元，同比增长 17.56%；扣除非经营性 损益后的净利润为 1,565.73 万元，同比下降 23.5%；资产总额为 13.15 亿元， 同比增长 7.46%；归属于上市公司股东的净资产为 9.77 亿元，同比增长 0.66%；经营活动产生的现金流量净额为 4,330.59 万元，同比下降 5.68%。 此外，研发费用投入达到 2,064 万元，比 2023 年的 1,733 万元增长了 • 2025 年第一季度，公司营收同比增长 18.2%至 1.17 亿元，但扣非净利 润同比下降 29.55%至 287 万元，主要由于政府补贴和银行利息收入减少。 • 2024 年新能源传动行业营收同比大幅减少 73.5%，但新能源传动产品营 收同比增长 275%。齿轮营收同比增长 21%，气动工具零部件营收同比增 长 22%，精密减速器营收同比增长 21%。 丰立智能 20250519 摘要 • 丰立智能 2024 年营收 5.05 亿元，同比增长 17.56%，但扣非净利润同比 下降 23.5%至 1,565.73 万元，主要受募集资金投入、折旧增加及人员成 本上升影响。经 ...

Investment Rating - The report maintains a "Buy" rating for the company [4]. Core Views - The company's performance in Q1 2025 met expectations, with revenue of 2.06 billion yuan, showing a year-on-year increase of 12.5% in core business revenue after excluding other businesses [1]. - The profitability indicators for Q1 2025 were strong, with a gross margin of 26.8% and a net margin of 14.0%, reflecting year-on-year increases of 4.2 percentage points and 2.9 percentage points, respectively [1]. - The company is benefiting from cost reduction and efficiency improvement initiatives, which are expected to continue driving performance [1][2]. Financial Performance Summary - Revenue is projected to grow from 8.074 billion yuan in 2023 to 15.039 billion yuan in 2027, with a compound annual growth rate (CAGR) of approximately 17.8% [3]. - Net profit is expected to increase from 816 million yuan in 2023 to 1.868 billion yuan in 2027, with a CAGR of about 20.4% [3]. - The earnings per share (EPS) is forecasted to rise from 0.96 yuan in 2023 to 2.20 yuan in 2027 [3]. Business Development - The company is expanding its global footprint, particularly in the new energy transmission gear business, which is expected to enhance the value per vehicle significantly [2]. - Collaborations with leading domestic manufacturers in the smart home and automotive sectors are expected to drive growth in the smart actuator business [2]. - The company has established stable delivery of projects for international clients, which is anticipated to accelerate growth beyond the industry average [2].

Group 1 - The company approved the 2024 profit distribution plan during the board meeting held on April 23, 2025, which will be submitted to the annual general meeting for approval [2][24]. - The company reported a net profit attributable to shareholders of 1,023,911,091.96 yuan for 2024, with a parent company net profit of 619,716,635.22 yuan [3][4]. - The profit distribution plan includes a cash dividend of 2.26 yuan per 10 shares (tax included), with no bonus shares or capital reserve conversion [4][10]. Group 2 - The total cash dividend is expected to be approximately 189,205,790.89 yuan based on the adjusted total share capital of 837,193,765 shares after accounting for repurchased shares [5]. - The total amount for cash dividends and share repurchases for 2024 is projected to be 309,192,481.89 yuan, representing 30.20% of the net profit attributable to shareholders [5]. - The company has maintained a cash dividend amount exceeding 30% of the average net profit over the last three years, avoiding any risk warning situations [6]. Group 3 - The profit distribution plan is deemed reasonable, considering the company's industry characteristics, development stage, operational model, profitability, debt repayment ability, and future funding needs [7]. - The company has been focusing on the manufacturing of gear transmission products, with its main products including gears for passenger cars, commercial vehicles, engineering machinery, and electric tools [12][13]. - The company is transitioning from traditional gear products to high-precision gears and related components, enhancing its reputation in the international market [12]. Group 4 - The company plans to hold its 2024 annual general meeting on May 16, 2025, where the profit distribution plan and other proposals will be discussed [51][54]. - The meeting will combine on-site voting and online voting, allowing shareholders to participate remotely [53][60]. - The company has established a clear process for shareholder registration and voting, ensuring compliance with legal and regulatory requirements [57][68].