重庆川仪自动化股份有限公司（以下简称"公司"）第五届监事会第二十 八次会议于 2024 年 12 月 5 日以现场表决方式在公司会议室召开，会议通知及 相关资料已于 2024 年 11 月 25 日以电子邮件方式发出。本次会议应参加表决 监事 3 名，实际参加表决监事 3 名，其中现场参加表决监事 2 名，监事任智勇 先生因公未能亲自出席，委托监事程启明先生代为出席会议、行使表决权并签 署相关文件。公司监事会半数以上监事共同推举监事程启明先生召集和主持本 次会议。本次会议的召集、召开及表决程序符合《公司法》和公司章程的有关 规定，合法有效。 经与会监事认真审议，通过了《关于公司监事会换届选举的议案》。 证券代码：603100 证券简称：川仪股份 公告编号：2024-057 重庆川仪自动化股份有限公司 第五届监事会第二十八次会议决议公告 本公司监事会及全体监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。 张博，男，1986 年 2 月出生，中共党员，大学本科，高级会计师。张博 先生于 2008 年 9 月参加工作，现任重庆渝富控股集团有限公司审计部 ...

独立董事候选人声明与承诺 本人柴毅，已充分了解并同意由提名人重庆川仪自动化股份 有限公司董事会提名为重庆川仪自动化股份有限公司第六届董事会 独立董事候选人。本人公开声明，本人具备独立董事任职资格，保 证不存在任何影响本人担任重庆川仪自动化股份有限公司独立董 事独立性的关系，具体声明并承诺如下： 一、本人具备上市公司运作的基本知识，熟悉相关法律、行政 法规、部门规章及其他规范性文件，具有5年以上法律、经济、会计、 财务、管理或者其他履行独立董事职责所必需的工作经验。 本人已经参加培训并取得证券交易所认可的相关培训证明材 料。 二、本人任职资格符合下列法律、行政法规和部门规章以及公 司规章的要求： （一）《中华人民共和国公司法》关于董事任职资格的规定； （二）《中华人民共和国公务员法》关于公务员兼任职务的规 定； （三）中国证监会《上市公司独立董事管理办法》、上海证券 交易所自律监管规则以及公司章程有关独立董事任职资格和条件 的相关规定； （四）中共中央纪委、中共中央组织部《关于规范中管干部辞 去公职或者退（离）休后担任上市公司、基金管理公司独立董事、 独立监事的通知》的规定； （五）中共中央组织部《关于进一步规 ...

Group 1: Company Performance and Market Position - The company has experienced rapid growth since 2018 due to long-term innovation, product upgrades, and market expansion, alongside recovery in downstream market demand and opportunities from domestic substitution and supply chain adjustments [4] - Despite a downturn in the downstream market, the company maintains a competitive edge through a diverse application field and proactive market exploration in sectors like petrochemicals and new energy [4] - The company aims for high-quality development, focusing on market expansion, technological innovation, and cost reduction to navigate potential declines in market demand over the next 3-5 years [4] Group 2: Industry Trends and Competitive Landscape - The industrial automation instrument sector remains fragmented, but there is a long-term trend towards consolidation among large comprehensive enterprises and leading players in specific segments [4] - Price pressures are significant in the low to mid-range instrument markets, while high-end customers prioritize product quality and performance [5] Group 3: Strategic Initiatives and Future Plans - Recent mergers and liquidations are aimed at enhancing high-quality development by streamlining operations and focusing on core functions [5] - The company is open to strategic investments and acquisitions that align with its development goals and can enhance its competitive position [5] - There is a strong emphasis on expanding overseas operations, including partnerships with major domestic engineering firms and enhancing international certifications for products [5][6] Group 4: Product Development and Innovation - The company has been actively developing nuclear power products, including various specialized instruments for nuclear power plants [6]

Key Points Company and Industry Information 1. **Company Name**: Chongqing Chuanyi Automation Co., Ltd. [doc id='1'] 2. **Stock Information**: Securities Code: 603100, Securities Abbreviation: Chuanyi股份 [doc id='1'] 3. **Event**: Participation in the "2024 Chongqing District Listed Companies Online Investor Collective Reception Day" [doc id='1'] Core Views and Arguments 1. **Purpose of Event**: To enhance communication between listed companies and investors, and to promote the improvement of investor relations management [doc id='1'] 2. **Event Organizer**: Chongqing Listed Companies Association in collaboration with Shenzhen Panoramic Network Co., Ltd. [doc id='1'] 3. **Event Date and Time**: November 28, 2024, from 15:00 to 17:00 [doc id='1'] 4. **Event Platform**: Panoramic Roadshow Platform (https://ir.p5w.net) [doc id='1'] 5. **Event Format**: Online communication in a "one-to-many" format [doc id='1'] 6. **Company Representation**: Relevant personnel from Chongqing Chuanyi Automation Co., Ltd. will participate in the event [doc id='1']

Group 1: Event Details - The event "Chongqing Listed Companies 2024 Investor Online Reception Day" will take place on November 28, 2024, from 15:00 to 17:00 [1] - The theme of the event is "Together We Invest, Looking Forward to the Future" [1] - Investors can participate through the "Panorama Roadshow" platform (https://ir.p5w.net) [1] Group 2: Company Participation - Chongqing Chuan Yi Automation Co., Ltd. will have relevant personnel participating in the event [1] - The format will be an online "one-to-many" communication, addressing investors' concerns [1] Group 3: Purpose and Commitment - The event aims to enhance communication between listed companies and investors [1] - The board of directors guarantees the truthfulness, accuracy, and completeness of the announcement [1]

Investment Rating - Buy rating maintained for the stock [2] Core Views - The company reported steady growth in Q1-3 2024 with revenue of 5.622 billion yuan, up 2.54% YoY, and net profit attributable to the parent company of 558 million yuan, up 4.44% YoY [3] - Gross margin slightly decreased by 0.84pct to 33.05% in Q1-3 2024, but increased by 0.65pct to 34.38% in Q3 2024 [3] - The company is a leader in China's industrial automation instrumentation industry, benefiting from the trend of domestic substitution and technological self-reliance [3] - The company absorbed several subsidiaries to streamline operations and improve management efficiency, and its shareholding structure is expected to become more stable [3] Financial Performance and Forecast - Revenue for 2024-2026 is forecasted to be 7.756 billion yuan, 8.657 billion yuan, and 9.573 billion yuan, with YoY growth rates of 4.66%, 11.62%, and 10.58% respectively [4] - Net profit attributable to the parent company for 2024-2026 is forecasted to be 796 million yuan, 907 million yuan, and 1.027 billion yuan, with YoY growth rates of 6.99%, 13.95%, and 13.22% respectively [4] - The company's PE ratio for 2024-2026 is expected to be 14.26x, 12.52x, and 11.06x respectively [4] Financial Ratios and Metrics - Gross margin for 2023A-2026E is expected to remain stable at around 34% [7] - Net profit margin is forecasted to increase from 10.0% in 2023A to 10.7% in 2026E [7] - ROE is expected to remain strong, ranging from 18.0% to 18.5% from 2024E to 2026E [7] - The company's debt-to-asset ratio is expected to decrease from 52.3% in 2023A to 47.6% in 2026E [7] Valuation - The company's PE ratio is forecasted to decrease from 15.26x in 2023A to 11.06x in 2026E [5] - The PB ratio is expected to decline from 2.87x in 2023A to 2.05x in 2026E [5] - EV/EBITDA is projected to decrease from 12.94x in 2023A to 6.75x in 2026E [5]

证券代码：603100 证券简称：川仪股份 公告编号：2024-053 重庆川仪自动化股份有限公司 关于对外投资暨关联交易的公告 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。 重要内容提示： ●重庆川仪自动化股份有限公司（以下简称"川仪股份"或"公司"）为 扩展公司现场仪表种类，构建更加完整的压力检测仪表产品线，增强公司综合 竞争力，拟通过受让股权和增资方式并购重庆昆仑仪表有限公司（以下简称"昆 仑仪表"）。 ●本次投资总额 2,800.59 万元，其中拟以自有资金 1,138.59 万元受让昆仑 仪表股东龚征明、重庆昆仪企业管理合伙企业（有限合伙）（以下简称"昆仪 管理"）持有的昆仑仪表 17.9531%股权（其中受让龚征明所持 8.3341%股权、 昆仪管理所持 9.6190%股权）；拟以自有资金向昆仑仪表增资 1,662.00 万元（其 中 600.00 万元计入昆仑仪表新增注册资本，超出部分计入昆仑仪表资本公积）。 本次交易前，川仪股份持有昆仑仪表 20.00%股权；交易完成后，川仪股份持 有昆仑仪表 51.74%股 ...

证券代码：603100 证券简称：川仪股份 公告编号：2024-052 重庆川仪自动化股份有限公司 为扩展公司现场仪表种类，构建更加完整的压力检测仪表产品线，增强公 司综合竞争力，同意川仪股份以自有资金 1,138.59 万元受让参股公司重庆昆仑 仪表有限公司（以下简称"昆仑仪表"）股东龚征明、重庆昆仪企业管理合伙 企业（有限合伙）持有的昆仑仪表 17.9531%股权（其中受让龚征明所持 8.3341% 股权、昆仪管理所持 9.6190%股权）；以自有资金向昆仑仪表增资 1,662.00 万 元（其中 600.00 万元计入昆仑仪表新增注册资本，超出部分计入昆仑仪表资 本公积），投资总额为不超过 2,800.59 万元。交易完成后，川仪股份将持有昆 仑仪表 51.74%股权，将其纳入合并报表范围。同意授权川仪股份经营管理层 办理本次投资并购相关具体事宜。 公司第五届董事会战略委员会第九次会议、独立董事专门会议第四次会议 审议通过本议案，并同意提交本次董事会审议。 表决结果：同意 11 票，反对 0 票，弃权 0 票。 本次交易不涉及重大资产重组，具体情况详见公司于同日在上海证券交易 所网站（www.sse.c ...

证券代码：603100 证券简称：川仪股份 公告编号：2024-051 重庆川仪自动化股份有限公司 关于股东权益变动的提示性公告 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。 变动前： 变动后： 本次股东权益变动前后公司股权结构为： 二、本次交易双方基本情况 本次股东权益变动属于股东及其一致行动人之间内部变动，不涉及向 市场减持，不触及要约收购。 本次股东权益变动，不会导致公司控股股东及实际控制人发生变更。 本次股东权益变动尚未签署交易协议，最终能否实施并完成交易交割 尚存在不确定性。敬请广大投资者注意投资风险。 2024 年 11 月 13 日，重庆川仪自动化股份有限公司（以下简称"公司" 或"川仪股份"）收到股东重庆渝富资本运营集团有限公司（以下简称"渝富 资本"）《关于权益变动的告知函》，渝富资本拟将其持有的公司 10.65%股份变 更至重庆渝富控股集团有限公司（以下简称"渝富控股"）名下，具体情况如 下： 一、本次交易的基本情况 截至本公告披露日，渝富资本持有公司 10.65%股份；渝富控股为公司间 接控股股东，通过 ...

Investment Rating - The report assigns a "Buy" rating for the company, Chuan Yi Co., Ltd. (川仪股份) [5][15][223] Core Insights - Chuan Yi Co., Ltd. is positioned as a leading player in the domestic industrial automation instrument sector, with the potential to become the "Chinese Emerson" due to multiple competitive advantages [2][9][15]. - The industrial automation market in China is expected to reach approximately 350 billion yuan in 2024, with the automation instrument market (including control valves and instruments) projected at around 85 billion yuan [2][13][68]. - The company has successfully replaced second-tier foreign brands and is now targeting first-tier foreign brands like Emerson [9][15][122]. Summary by Sections Company Overview - Chuan Yi Co., Ltd. has a history of over 60 years in the industrial automation instrument field, evolving into the largest and most comprehensive domestic player in this sector [29][30]. - The company has shown robust growth, with revenue increasing from 3.13 billion yuan in 2017 to 7.41 billion yuan in 2023, representing a CAGR of approximately 15% [9][51]. Market Dynamics - The report highlights a recovery in the capital expenditure of the petrochemical industry, which is expected to drive demand for automation instruments [9][51]. - The company benefits from favorable policies aimed at economic stabilization, which are likely to enhance demand in the basic chemical industry [9][100]. Competitive Landscape - Chuan Yi Co., Ltd. has achieved significant market share in various product categories, including being the second-largest in control valves with a market share of approximately 6.5% [9][115]. - The company is positioned to capture a larger share of the high-end market, traditionally dominated by foreign brands [9][122]. Financial Projections - Revenue forecasts for 2024-2026 are 7.75 billion, 8.51 billion, and 9.74 billion yuan, respectively, with expected growth rates of approximately 5%, 10%, and 14% [15][208]. - The net profit for the same period is projected to be 770 million, 880 million, and 1.03 billion yuan, with growth rates of 4%, 14%, and 18% [15][208]. Investment Valuation - The report estimates a target price of 27.3 yuan per share based on a relative valuation method, applying a PE ratio of 16 times for 2025 [15][223]. - The DCF model suggests a current value of approximately 12.3 billion yuan, translating to a per-share value of 23.9 yuan [15][213][218].