编号：2025-005 | | 特定对象调研 | □分析师会议 | | --- | --- | --- | | | □媒体采访 | □业绩说明会 | | 投资者关系活动类 别 | □新闻发布会 | □路演活动 | | | □现场参观 | | | | □其他（请文字说明其他活动内容） | | | | 天弘基金：陈祥 | | | 参与单位名称及人 | 新华基金：刘海彬 | | | 员姓名 | 中银国际证券：曹鸿生 | | | | 国泰海通：孙炫浩 | | | 时间 | 2025年9月22日（星期一） 10:00-11:00 | | | 地点 | 公司总部会议室 | | | 上市公司接待人员 | | | | 姓名 | 董事会秘书：郭巍巍 1、新的实控人对公司的赋能情况？未来战略的调整方向？ | | | | 经营模式均未发生重大变化，公司管理人员发生变动，具体内 | | | | 答：尊敬的投资者，您好。实控人发生变更后，公司主营业务、 | | | | 容详见公司于2025年7月3日披露在巨潮资讯网 | | | | （www.cninfo.com.cn）的《关于选举董事长、各专门委员会委 | | | 投资者关系活动主 ...

1）超达装备 （仁布投资参与公司特定对象调研） 上海仁布投资管理有限公司成立于2015年9月，"客户利益至上"是我们的核心经营理念。仁布投资的目 标是打造高净值客户的财富管理平台，致力于为客户提供多市场的不同风险收益的财富增值方案。xa0 以上内容为证券之星据公开信息整理，由AI算法生成（网信算备310104345710301240019号），不构成投资建议。 调研纪要：公司系国内领先的汽车内外饰模具供应商，主要从事模具、汽车检具、自动化工装设备及零 部件的研发、生产与销售。公司主营业务以模具为核心，其中汽车内外饰模具是模具产品最主要的构成 部分。公司是国内为数不多的能够实施全流程制造及服务的汽车内外饰模具企业。2024年，公司实现营 业收入7.21亿元，同比增长14.91%，净利润9660万元，同比增长1.24%。公司重视研发投入，2023年、 2024年研发费用分别为3936.51万元、4328.13万元，占同期营业收入的比例分别为6.28%、6.01%。公司 产品已应用于特斯拉、蔚来、比亚迪、吉利等新能源整车厂商。创始团队退出后，南京友旭成为控股股 东，冯建军不再拥有控制权。公司决定不提前赎回"超达转债 ...

Group 1 - The company, ChaoDa Equipment, primarily engages in the research, production, and sales of automotive interior and exterior trim molds, automotive inspection tools, automation tooling equipment, and components [1] - As of the latest update, the company has not ventured into humanoid robot-related businesses [1]

Company Overview - Nantong Chaoda Equipment Co., Ltd. is a leading domestic supplier of automotive interior and exterior moldings, focusing on the research, production, and sales of molds, automotive inspection tools, and automated tooling equipment [1] - The company is one of the few in China capable of providing full-process manufacturing and services for automotive interior and exterior molds, including R&D, design, casting, CNC processing, assembly, and maintenance [1] Financial Performance - In 2024, the company achieved a revenue of CNY 720,666,661.22, representing a year-on-year increase of 14.91% [2][7] - The net profit attributable to shareholders was CNY 96,599,670.73, up 1.24% from the previous year [2][7] - The revenue from mold business was CNY 422,520,041.20, an increase of 17.84% year-on-year [5] - The automotive inspection tools business generated revenue of CNY 76,430,586.40, up 21.56% [5] - Revenue from automated tooling equipment and components was CNY 188,053,161.69, increasing by 11.38% [5] Product Categories - The main products include: - Automotive interior and exterior molds, primarily for soft trim and foam components [2] - Automotive inspection tools for evaluating the quality of automotive parts [2] - Automated tooling equipment and components for production lines [2] Market Position and Competitive Landscape - The automotive mold industry is crucial, with over 90% of automotive parts requiring molds for production [3] - In developed countries, automotive molds account for over 40% of the total mold industry output, while about one-third of China's molds serve the automotive sector [3] - The domestic market for automotive molds is competitive, particularly in the mid-to-low-end segment, while high-end markets have fewer capable players [4] R&D and Innovation - The company invested CNY 39,365,075.53 and CNY 43,281,270.57 in R&D for 2023 and 2024, respectively, accounting for 6.28% and 6.01% of revenue [6] - The company holds 148 patents, including 77 invention patents, enhancing its competitive edge [6] - The company is recognized as a key player in the mold industry and has established good relationships with major automotive suppliers [6] Order and Growth Outlook - As of the end of 2024, the company had an order backlog of CNY 73,378.26 million [5] - The company anticipates continued growth driven by strong demand in the automotive sector [4] Strategic Developments - The company is expanding its international presence with subsidiaries in Germany, the USA, and Thailand to better serve global customers [9] - The company is exploring opportunities in the new energy vehicle sector, having developed products for major manufacturers like Tesla and BYD [8]

Core Viewpoint - The company intends to conduct financial derivatives trading to mitigate foreign exchange risks and reduce financial costs, aligning with its operational needs and not engaging in speculative activities [2][3][7] Group 1: Basic Situation of Financial Derivatives Trading - The company primarily engages in the research, production, and sales of molds, automotive fixtures, automation tools, and components, with significant export business settled in USD or EUR [2] - In response to unstable foreign exchange environments, the company plans to conduct financial derivatives trading to enhance its ability to manage foreign exchange risks and minimize adverse impacts on its operating performance [2][3] Group 2: Trading Limits and Management - The proposed trading limit for financial derivatives is set at a maximum of RMB 300 million (or equivalent foreign currency), valid for 12 months from the board's approval [3][6] - The board has authorized the chairman to manage the trading operations and sign relevant agreements, ensuring that the trading activities are conducted with reputable financial institutions [3][6] Group 3: Risk Analysis and Control Measures - The company emphasizes that its derivatives trading will focus on hedging against foreign exchange risks and will not involve speculative trading [4][5] - A comprehensive risk management framework has been established, including clear procedures for decision-making, authorization, and risk assessment, to ensure effective control over derivatives trading [4][5] Group 4: Impact of Financial Derivatives Trading - The financial derivatives trading is expected to effectively mitigate foreign exchange market risks, reduce financial costs, and enhance foreign exchange gains without negatively impacting the company's financial and operational status [5][6][7] - The company will adhere to relevant accounting standards for the recognition and measurement of financial instruments related to the derivatives trading [5] Group 5: Approval Procedures and Opinions - The board and supervisory committee have approved the proposal for financial derivatives trading, confirming that it aligns with regulatory requirements and serves the interests of the company and its shareholders [6][7] - Independent directors have also supported the proposal, emphasizing that the trading activities will not harm the interests of the company or minority shareholders [6][7]

Financial Performance - The company's net profit attributable to shareholders for 2024 is 96.6 million CNY [3] Business Focus and Growth Drivers - The core business revolves around mold manufacturing, particularly for automotive inspection tools and automation equipment [3] - Emphasis on technology accumulation and innovation to enhance production efficiency and product quality [3] - The company targets mid-to-high-end markets, providing comprehensive solutions including molds, inspection tools, and automation equipment [3] Industry Overview - The automotive interior and exterior market is experiencing stable growth, driven by increasing consumer demands for quality and aesthetics [4] - The market is also influenced by the rapid development of new energy vehicles and smart technologies, necessitating continuous innovation [4] - Global automotive sales are steadily increasing, contributing to ongoing demand in the automotive interior and exterior market, especially in China [4] Client Base and Market Position - The company serves a diverse range of clients, including major international automotive suppliers and local manufacturers [4] - Established long-term partnerships with renowned companies such as HP Pelzer, Faurecia, and BYD, among others [4]