Core Viewpoint - Xinan Technology (301170) reported a total operating revenue of 1.066 billion yuan in 2024, representing a year-on-year growth of 5.45%, and a net profit attributable to shareholders of 110 million yuan, up 17.77% year-on-year, indicating strong performance in the automotive lightweight sector despite a slight decline in gross profit [1] Business Expansion and Market Position - Xinan Technology has established long-term partnerships with renowned turbocharger manufacturers such as Garrett, Cummins, and Ishikawajima, solidifying its position in the precision compressor housing market [4] - The company’s sales of precision compressor housings reached 8.8726 million units in 2024, marking an 8.04% increase year-on-year, further strengthening its market position [4] - Xinan is actively expanding into the new energy vehicle components market, developing new products like motor housings and transmission housings to align with industry trends towards lightweight and environmentally friendly solutions [4] - The company invested 68 million USD to establish a wholly-owned subsidiary in Thailand, aiming to penetrate the North American and Southeast Asian markets, with mass production expected to start in early 2026 [4] R&D Investment and Technical Advantages - In 2024, Xinan Technology's R&D investment reached 48.7962 million yuan, with a portfolio of 205 patents, including 13 invention patents and 192 utility model patents [5] - The company has obtained IATF16949 quality management system certification, ensuring that its product quality meets international standards [5] - Xinan was recognized as a "National Specialized and Innovative Small Giant" and a "Specialized and Innovative SME in Jiangsu Province," highlighting its strengths in technological innovation and core competitiveness [5] - The company is leveraging its technical advantages in aluminum alloy casting and precision machining to enter the power system market, collaborating with Siemens to develop aluminum alloy housings for power system control equipment, with sales expected in the next couple of years [5] Financial Performance and Distribution Plan - Xinan Technology achieved a net profit of 92.4804 million yuan after deducting non-recurring gains and losses, reflecting a year-on-year growth of 3.09% [6] - The net cash flow from operating activities was 22.4973 million yuan, up 47.13% year-on-year, indicating strong cash generation capabilities [6] - The company announced a dividend distribution plan for 2024, proposing a cash dividend of 3 yuan per 10 shares (including tax), with a total payout of 30 million yuan, representing 27.34% of net profit [6] - Xinan continues to maintain a steady growth trajectory in 2024 through technological innovation, market expansion, and global layout, reinforcing its leading position in the automotive lightweight sector [6]

证券代码：301170 证券简称：锡南科技 公告编号：2025-007 一、重要提示 本年度报告摘要来自年度报告全文，为全面了解本公司的经营成果、财务状况及未来发展规划，投资者 应当到证监会指定媒体仔细阅读年度报告全文。 所有董事均已出席了审议本报告的董事会会议。 北京德皓国际会计师事务所(特殊普通合伙)对本年度公司财务报告的审计意见为：标准的无保留意见。 本报告期会计师事务所变更情况：公司本年度会计师事务所由北京大华国际会计师事务所(特殊普通合 伙)变更为北京德皓国际会计师事务所(特殊普通合伙)。本次变更仅为名称变更，不涉及主体资格变更， 不属于更换或重新聘任会计师事务所事项。 非标准审计意见提示 □适用 √不适用 公司上市时未盈利且目前未实现盈利 □适用 √不适用 董事会审议的报告期利润分配预案或公积金转增股本预案 √适用 □不适用 公司经本次董事会审议通过的利润分配预案为：以100,000,000股为基数，向全体股东每10股派发现金红 利3元（含税），送红股0股（含税），以资本公积金向全体股东每10股转增0股。 董事会决议通过的本报告期优先股利润分配预案 □适用 √不适用 二、公司基本情况 1、公司简介 ...