证券代码：601882 证券简称：海天精工 公告编号：2025-001 宁波海天精工股份有限公司 第五届董事会第六次会议决议公告 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、 董事会会议召开情况 2025 年 3 月 21 日，宁波海天精工股份有限公司（以下简称"公司"）第五 届董事会第六次会议以现场会议方式在公司三楼会议室召开。应到董事 9 人，实 到董事 9 人，公司监事和高级管理人员列席了本次会议。本次会议通知于 2025 年 3 月 10 日以电子邮件形式发出，会议由董事长张剑鸣先生主持。会议的召集、 召开和表决符合《中华人民共和国公司法》《公司章程》等的有关规定。 二、 董事会会议审议情况 经与会全体董事认真审议并表决，通过如下议案： (一) 公司 2024 年度总经理工作报告 表决结果：同意 9 票，反对 0 票，弃权 0 票。 (二) 公司 2024 年度董事会工作报告 表决结果：同意 9 票，反对 0 票，弃权 0 票。 本议案尚需提交公司股东大会审议。 (三) 公司 2024 年年度报告及摘要 ...

宁波海天精工股份有限公司 2024 年年度报告 公司代码：601882 公司简称：海天精工 宁波海天精工股份有限公司 2024 年年度报告 1 / 241 宁波海天精工股份有限公司 2024 年年度报告 重要提示 一、 本公司董事会、监事会及董事、监事、高级管理人员保证年度报告内容的真实性、准确性、 完整性，不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 二、 公司全体董事出席董事会会议。 三、 立信会计师事务所（特殊普通合伙）为本公司出具了标准无保留意见的审计报告。 四、 公司负责人张剑鸣、主管会计工作负责人俞盈及会计机构负责人（会计主管人员）俞盈声明： 保证年度报告中财务报告的真实、准确、完整。 五、 董事会决议通过的本报告期利润分配预案或公积金转增股本预案 公司于2025年3月21日召开第五届董事会第六次会议，审议通过2024年度利润分配预案：按 公司总股本522,000,000股为基数，向全体股东每10股派发现金红利3.60元（含税），共计分配 现金红利187,920,000.00元，占公司2024年度实现的归属于上市公司股东净利润的35.93%，剩余 未分配利润滚存至下一年度。 ...

证券代码：601882 证券简称：海天精工 公告编号：2025-003 宁波海天精工股份有限公司 2024 年年度利润分配方案公告 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。 重要内容提示： 一、利润分配方案内容 (一)利润分配方案的具体内容 截至 2024 年 12 月 31 日，公司母公司报表中期末未分配利润为人民币 1,524,666,535.75 元。经董事会决议，公司 2024 年年度拟以实施权益分派股权 登记日登记的总股本为基数分配利润。本次利润分配方案如下： 公司拟向全体股东每 10 股派发现金红利 3.60 元（含税）。截至 2024 年 12 月 31 日，公司总股本 522,000,000 股，以此计算合计拟派发现金红利 187,920,000.00 元（含税）,占 2024 年度归属于上市公司股东净利润的 35.93%。 每股分配比例：每股派发现金红利 0.36 元（含税） 本次利润分配以实施权益分派股权登记日登记的总股本为基数，具体日 期将在权益分派实施公告中明确。在实施权益分派的股权登记日前 ...

Investment Rating - The report assigns a "Buy" rating for the company, marking the first coverage of the stock [3][8]. Core Views - The manufacturing industry is experiencing an upward trend, supported by policies that are releasing market demand. The PMI for China's manufacturing sector rose to 50.1% in October 2024, indicating expansion after a contraction period [3]. - The company is leveraging its technological advantages in high-end CNC machine tools to benefit from the industry's recovery and growth opportunities [3]. - Continuous investment in R&D has strengthened the company's technological moat, with R&D expenditure reaching 125 million yuan in the first three quarters of 2024, a 27.1% increase year-on-year [4]. - The company has shown strong overseas expansion capabilities, achieving a CAGR of 62.3% in overseas revenue from 2017 to 2023, with overseas revenue reaching 590 million yuan in 2023, a 76.06% increase [5]. Summary by Sections Industry Outlook - The macroeconomic environment is improving, with a notable recovery in manufacturing demand driven by equipment upgrades and supportive policies [3]. - The machine tool industry saw a revenue of 1,040.7 billion yuan in 2024, despite a 5.2% year-on-year decline, indicating structural differentiation within the industry [3]. Company Performance - The company is expanding its production capacity, focusing on optimizing its manufacturing bases in Ningbo, Dalian, and Southern China, while also establishing overseas production capabilities [4]. - The company is enhancing its product offerings to include various high-performance CNC machine tools, which are aimed at replacing imports and improving market competitiveness [4]. Financial Projections - Revenue forecasts for 2024, 2025, and 2026 are 34.26 billion yuan, 39.17 billion yuan, and 44.95 billion yuan, respectively, with corresponding EPS of 1.03 yuan, 1.19 yuan, and 1.40 yuan [8][10]. - The current stock price corresponds to a PE ratio of 23.5, 20.3, and 17.2 for the years 2024, 2025, and 2026, respectively, indicating potential for growth [8].

Investment Rating - The report assigns a "Buy" rating for the company, marking the first coverage of the stock [3][8]. Core Insights - The manufacturing sector in China is experiencing a recovery, with the PMI rising to 50.1% in October 2024, indicating expansion after a contraction period [3]. - The company is expected to benefit from the recovery in the machine tool industry, supported by favorable policies and market demand [3]. - The company has significantly increased its R&D investment, reaching 125 million yuan in the first three quarters of 2024, a 27.1% year-on-year increase, enhancing its competitive edge in high-end CNC machine tools [4]. - The company has demonstrated strong overseas expansion capabilities, achieving a CAGR of 62.3% in overseas revenue from 2017 to 2023, with a 76.06% year-on-year growth in 2023 [5]. Summary by Sections Industry Outlook - The machine tool industry is projected to recover, with a notable increase in new orders and backlogs for metal cutting machine tools, indicating structural differentiation within the industry [3]. R&D and Capacity Expansion - The company is focusing on enhancing its product structure and expanding its production capacity, particularly in Ningbo and Southern China, to support long-term growth [4]. Global Expansion - The company has established subsidiaries in Singapore and Thailand, and is set to open a subsidiary in Germany, further solidifying its global presence [5][7]. Financial Projections - Revenue forecasts for 2024, 2025, and 2026 are 34.26 billion yuan, 39.17 billion yuan, and 44.95 billion yuan respectively, with corresponding EPS of 1.03 yuan, 1.19 yuan, and 1.40 yuan [8][10].

Investment Rating - The report assigns a "Buy" rating for the company, marking the first coverage of the stock [3][8]. Core Insights - The manufacturing industry in China is experiencing a recovery, with the PMI rising to 50.1% in October 2024, indicating expansion after a contraction period [3]. - The company is expected to benefit from the recovery in the machine tool industry, supported by government policies and market demand [3]. - The company has significantly increased its R&D investment, reaching 125 million yuan in the first three quarters of 2024, a 27.1% year-on-year increase, enhancing its competitive edge in high-end CNC machine tools [4]. - The company has shown strong overseas revenue growth, with a CAGR of 62.3% from 2017 to 2023, and achieved 590 million yuan in overseas revenue in 2023, a 76.06% increase [5]. Summary by Sections Industry Outlook - The machine tool industry is projected to recover, with a notable increase in new orders and backlogs for metal cutting machine tools, indicating structural differentiation within the industry [3]. R&D and Capacity Expansion - The company is focusing on enhancing its product range and developing high-performance products to replace imports, which solidifies its market position [4]. - The company is optimizing its production capacity with a focus on establishing manufacturing bases in Ningbo, Dalian, and Southern China, while also planning overseas production capabilities [4]. Global Expansion - The company has successfully established subsidiaries in Singapore and Thailand, and is expanding into Germany, indicating a robust global strategy [5][7]. - The ongoing global capacity layout is expected to provide greater growth opportunities in international markets [7]. Financial Projections - Revenue forecasts for 2024-2026 are 34.26 billion yuan, 39.17 billion yuan, and 44.95 billion yuan respectively, with corresponding EPS of 1.03 yuan, 1.19 yuan, and 1.40 yuan [8][10]. - The current stock price corresponds to a PE ratio of 23.5, 20.3, and 17.2 for the years 2024, 2025, and 2026 respectively, reflecting a favorable valuation [8].

公司 2024 年已按照 15%的企业所得税税率进行纳税申报及预缴，因此，本 次通过高新技术企业认定不会影响公司 2024 年度的相关财务数据。 宁波海天精工股份有限公司 关于通过高新技术企业重新认定的公告 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。 根据全国高新技术企业认定管理工作领导小组办公室于近日发布的《对宁波 市认定机构 2024 年认定报备的第一批高新技术企业进行备案的公告》，宁波海天 精工股份有限公司（以下简称"公司"）通过了高新技术企业认定，高新技术企 业证书编号为 GR202433102560，认定有效期三年。 本次高新技术企业的认定系公司 2021 年原证书有效期满后的重新认定。根 据《中华人民共和国企业所得税法》以及国家对高新技术企业的相关税收规定， 公司自本次通过高新技术企业认定后连续三年（2024 年至 2026 年）可继续享受 国家关于高新技术企业的税收优惠政策，即按 15%的税率缴纳企业所得税。 证券代码：601882 证券简称：海天精工 公告编号：2024-034 特此公告。 宁波海天精 ...

Investment Rating - The report maintains a "Buy" rating for the company, with a target price of 33.8 CNY [4][6]. Core Views - The company's performance in Q3 2024 faced pressure, with revenue of 814 million CNY, a year-on-year increase of 0.26% but a quarter-on-quarter decrease of 11.75%. The net profit attributable to shareholders was 110 million CNY, down 22.47% year-on-year and 32.42% quarter-on-quarter [3]. - The overall gross margin for Q3 2024 was 27.33%, a decrease of 3.72 percentage points year-on-year, while the net profit margin was 13.54%, down 3.97 percentage points year-on-year [3]. - The company has increased its R&D expenditure by 27% year-on-year to 125 million CNY in the first three quarters of 2024, indicating a strategic focus on enhancing product performance and capabilities during the industry's downturn [3]. Summary by Sections Financial Performance - For the first three quarters of 2024, the company achieved total revenue of 2.493 billion CNY, a slight decline of 0.57% year-on-year, and a net profit of 404 million CNY, down 12.89% year-on-year [3]. - The company’s expense ratio for the first three quarters was 10.81%, an increase of 0.77 percentage points year-on-year, primarily due to rising R&D costs [3]. Industry Context - The machine tool industry continues to face demand pressures, with a reported 6.6% year-on-year decline in revenue and a staggering 78.8% drop in total profits across the industry from January to September 2024 [3]. - Despite the overall industry challenges, the company is focusing on R&D to maintain its competitive edge and prepare for future recovery phases [3]. Earnings Forecast - The report adjusts the revenue forecast for 2024 downwards, predicting EPS of 1.06 CNY for 2024, 1.30 CNY for 2025, and 1.52 CNY for 2026, reflecting a cautious outlook amid current market conditions [4].

证券代码：601882 证券简称：海天精工 公告编号：2024-032 宁波海天精工股份有限公司 2024 年第一次临时股东大会决议公告 (四) 表决方式是否符合《公司法》及《公司章程》的规定，大会主持情况等。 本次会议由公司董事会召集，公司董事长张剑鸣先生因工作原因未能出席本 (一) 股东大会召开的时间：2024 年 11 月 15 日 (二) 股东大会召开的地点：浙江省宁波市北仑区小港街道海天路 1688 号海天 大楼三楼会议室 (三) 出席会议的普通股股东和恢复表决权的优先股股东及其持有股份情况： 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。 次股东大会，根据《公司章程》有关规定，经半数以上董事推举，本次股东大会 由董事赵万勇先生主持。本次股东大会采取现场投票和网络投票相结合的方式召 开并表决，会议的召开及表决方式符合《公司法》及《公司章程》的规定。 重要内容提示： (五) 公司董事、监事和董事会秘书的出席情况 本次会议是否有否决议案：无 一、 会议召开和出席情况 二、 议案审议情况 | 1、出席会议的股东和代理人人数 ...

北京市朝阳区建国路 77 号华贸中心 3 号写字楼 34 层 邮编：100025 34/F, Tower 3, China Central Place, 77 Jianguo Road, Beijing 100025, China T: (86-10) 5809 1000 F: (86-10) 5809 1100 关于宁波海天精工股份有限公司 2024 年第一次临时股东大会之法律意见书 宁波海天精工股份有限公司： 本所受贵公司的委托，指派律师出席了贵公司 2024 年第一次临时股东大会 （以下称本次股东大会）。现根据《中华人民共和国公司法》（以下称《公司法》）、 《中华人民共和国证券法》（以下称《证券法》）、《上市公司股东大会规则》 （以下称《股东大会规则》）、《上海证券交易所上市公司股东大会网络投票实 施细则》（以下称《网络投票细则》）等有关法律、行政法规、规范性文件及贵 公司章程之规定，出具本法律意见书。 为出具本法律意见书，本所律师列席了本次股东大会并审查了贵公司提供的 本次股东大会有关文件的原件或影印件，包括（但不限于）本次股东大会各项议 程及相关决议等文件，同时听取了贵公司就有关事实的陈述和说明。贵 ...