| 1、出席会议的股东和代理人人数 | 253 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 315,587,134 | | 3、出席会议的股东所持有表决权股份数占公司有表决权股 | | | 份总数的比例（%） | 54.7459 | (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。 本次股东大会由公司董事会召集。公司董事长姜桂廷因工作出差无法主持本 次股东大会会议。经公司半数以上董事共同推举，本次股东大会由董事张大伟代 证券代码：603279 证券简称：景津装备 公告编号：2024-044 景津装备股份有限公司 2024 年第二次临时股东大会决议公告 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法律责任。 重要内容提示： 本次会议是否有否决议案：无 一、 会议召开和出席情况 (一) 股东大会召开的时间：2024 年 11 月 11 日 (二) 股东大会召开的地点：德州经济开发区晶华路北首景津装备股份有限公 司 1 厂区会议室 (三) 出席会议的普通股股东和恢复表决权的 ...

景津装备股份有限公司 2024年第三次临时股东大会会议资料 （603279） 二〇二四年十一月 1 / 8 目录 | 第 三次 2024 | 年 | 临 时 股东 大 会会 议 须知 | 3 | | --- | --- | --- | --- | | 2024 第 三次 | 年 | 临 时 股东 大 会会 议 议程 | 5 | | 议案一：关于公司 2024 | | 年前三季度利润分配方案的议案 | 7 | 2 / 8 景津装备股份有限公司 2024 年第三次临时股东大会会议须知 各位股东及股东授权代表： 为维护全体股东的合法权益，确保股东大会的正常秩序和议事效率，保证股 东大会的顺利召开，景津装备股份有限公司（以下简称"公司"）根据中国证监 会《上市公司股东大会规则》《景津装备股份有限公司章程》（以下简称《公司章 程》）等规定，特制定本须知如下： 一、各股东及股东授权代表请按照本次股东大会会议通知（详见刊登于上海 证券交易所网站（www.sse.com.cn）的《关于召开 2024 年第三次临时股东大会 的通知》）中规定的时间和登记方法办理参加会议手续，证明文件不齐或手续不 全的，谢绝参会。 二、本次股东大 ...

[Table_StockNameRptType] 景津装备（603279） 公司点评 景津装备：利润短期承压，看好成套设备未来发展 | --- | --- | |---------------------------------------|-------------| | | | | [Table_Rank] 投资评级：买入（维持） | | | 报告日期： 2024-11-06 | | | 570 收盘价（元） | 18.82 | | 近 12 个月最高/最低（元） | 24.58/15.55 | | 总股本（百万股） | 576.46 | | 流通股本（百万股） | 572.05 | | 流通股比例（ %） | 99.24 | | 总市值（亿元） | 108.49 | | 流通市值（亿元） | 107.66 | [公司价格与沪深 Table_Chart] 300 走势比较 -40% -30% -20% -10% 0% 10% 20% 景津装备 沪深300 [分析师：张帆 Table_Author] 执业证书号：S0010522070003 邮箱：zhangfan@hazq.com [Table_Repor ...

Investment Rating - Buy rating maintained for the stock [2] Core Views - Revenue remained stable but short-term performance was under pressure In Q1-Q3 2024, the company achieved revenue of 15 07, 16 20, and 15 77 billion yuan respectively, with year-on-year growth rates of 2 66%, 2 04%, and -0 98% Net profit attributable to the parent company was 2 29, 2 30, and 2 06 billion yuan, with year-on-year growth rates of 6 70%, -13 16%, and -20 77% [3] - Gross margin and expense ratio both declined The gross margin for Q1-Q3 2024 decreased by 3 67 percentage points to 29 06%, with Q3 gross margin dropping by 4 94 percentage points to 28 36% The expense ratio for the same period decreased by 1 38 percentage points to 8 94% [3] - Cash flow improved significantly, and dividend payout ratio increased The net cash flow from operating activities for Q1-Q3 2024 was 5 89 billion yuan, a year-on-year increase of 492 66% The dividend yield exceeded 5 6% based on the 2023 cash dividend of 6 1 billion yuan and the total market value of 107 6 billion yuan as of November 6 [3] - Complete equipment is expected to become a new growth point, with continued expansion in domestic and international markets The company is committed to developing into a world-leading manufacturer of filtration complete equipment [3] Financial Performance Summary - Revenue and profit forecasts For 2024-2026, the company's revenue is expected to be 62 58, 66 84, and 72 66 billion yuan, with year-on-year growth rates of 0 14%, 6 81%, and 8 70% Net profit attributable to the parent company is expected to be 8 88, 9 58, and 10 64 billion yuan, with year-on-year growth rates of -11 90%, 7 91%, and 10 99% [3][5] - Valuation metrics The company's PE ratios for 2024-2026 are 12 11, 11 22, and 10 11 times respectively [3][5] Financial Ratios and Key Metrics - Profitability Gross margin for 2024-2026 is expected to be around 29 0%, with net margin at 14 2%, 14 3%, and 14 6% respectively ROE is forecasted to be 18 4%, 18 6%, and 19 3% for the same period [6] - Debt and liquidity The debt-to-asset ratio is expected to remain stable at around 47 4% to 48 1% from 2024 to 2026 The current ratio is forecasted to be between 1 47 and 1 54 [6] - Operational efficiency The accounts receivable turnover ratio is expected to be around 8 0, while inventory turnover is forecasted to be between 1 55 and 1 60 [6]

Investment Rating - The report maintains a "Buy" investment rating for the company, with an expected relative return of over 20% within the next six months [6][15]. Core Views - The company has shown a significant improvement in cash flow, with a notable increase in operating cash flow by 237.57% year-on-year in Q3 2024 [2][4]. - Despite a strategic price reduction to maintain volume, the company's profit margins have declined, with a gross margin of 29.06% and a net profit margin of 14.14%, both down year-on-year [2][3]. - The company plans to distribute a cash dividend of 0.66 CNY per share, totaling 3.80 billion CNY, which represents 57.21% of the net profit attributable to shareholders for the first three quarters of 2024 [4]. Financial Performance Summary - For the first three quarters of 2024, the company reported a revenue of 4.704 billion CNY, a year-on-year increase of 1.20%, and a net profit of 666 million CNY, a decrease of 10.09% [1][2]. - In Q3 2024, the revenue was 1.577 billion CNY, down 0.98% year-on-year, with a net profit of 206 million CNY, down 20.77% year-on-year [1][2]. - The company has effectively controlled expenses, with a period expense ratio of 8.94%, down 1.38 percentage points year-on-year [3]. Profit Forecast and Valuation - The company is expected to have a net profit of 904 million CNY in 2024, a decrease of 10.28% year-on-year, followed by growth of 14.02% and 14.07% in 2025 and 2026, respectively [5][8]. - The projected price-to-earnings (P/E) ratios for 2024, 2025, and 2026 are 11.71, 10.27, and 9.00, respectively [5][8].

景津装备股份有限公司 2024年第二次临时股东大会会议资料 （603279） | 2024 年 第 二次 临 时 股东 大 会会 议 须知 | | 3 | | --- | --- | --- | | 2024 年 第 二次 临 时 股东 大 会会 议 议程 | | 5 | | 议案 一 ：关 于 续聘 公司 2024 | 年 度财 务 审计 机 构及 内 部控 制审 计 机构 | | | 的议 案 | | 7 | | 议案 二 ：关于 变 更 经营 范 围 、修 订《 公司 章 程 》并 办 理 变更 登 记的 议 | | | | 案 | | 11 | | 议案 三 ：关 | 于 修订《景 津 装备 股 份有 限公 司 股东 大 会议 事规 则 》的 议 | | | 案 | | 34 | | 议案 四 ：关 | 于 修订《景 津 装备 股 份有 限公 司 董事 会 议事 规则 》的议 案 | | | | | 40 | | 议案 五 ：关 | 于 修订《景 津 装备 股 份有 限公 司 监事 会 议事 规则 》的议 案 | | | | | 45 | 2 / 47 景津装备股份有限公司 2024 年第二次临时股东 ...

Investment Rating - The report maintains a "Buy" rating for the company [1]. Core Views - The company reported a revenue of 4.7 billion yuan for the first three quarters of 2024, a year-on-year increase of 1.2%, while the net profit attributable to shareholders decreased by 10.1% to 670 million yuan [1]. - The third quarter revenue was 1.58 billion yuan, down 1.0% year-on-year and 2.7% quarter-on-quarter, with a net profit of 210 million yuan, reflecting a 20.8% year-on-year decline [1]. - The decline in profit margins is attributed to price reductions on some products, leading to a comprehensive gross margin of 29.1% for the first three quarters, down 3.7 percentage points year-on-year [1][2]. Summary by Sections Financial Performance - The company’s operating cash flow improved significantly, with a net cash flow from operating activities of 590 million yuan, a year-on-year increase of 492.7% [2]. - The gross margin for the third quarter was 28.4%, down 4.9 percentage points year-on-year, while the net margin was 13.1%, down 3.3 percentage points year-on-year [1][2]. Cost Management - The company has effectively controlled its expenses, with a period expense ratio of 8.9% for the first three quarters, down 1.4 percentage points year-on-year [2]. - The sales, management, R&D, and financial expense ratios showed minor fluctuations, indicating stable cost management practices [2]. Market Opportunities - Domestic demand for equipment upgrades is expected to provide incremental growth, while the overseas market presents significant potential, estimated to be 2-3 times the size of the domestic market [2]. - The company holds over 40% market share in the domestic filter press market, with ongoing efforts to expand its presence internationally [2]. Profit Forecast and Valuation - The forecast for net profit attributable to shareholders for 2024-2026 is 1.03 billion yuan, 1.18 billion yuan, and 1.32 billion yuan, respectively, with a compound annual growth rate of 9.4% [3]. - The projected price-to-earnings ratios for the next three years are 11, 9, and 8 times, respectively, reflecting the company's leading position in the filter press market and expected growth [3].

证券研究报告 | 季报点评 gszqdatemark 2024 10 29 年 月 日 景津装备（603279.SH） 利润短期承压，期待过滤成套装备释放增量业绩 收入持续增长，利润有所下滑。2024 年前三季度公司实现收入 47.0 亿元 （yoy+1.2%），归母净利润 6.7 亿元（yoy-10.1%）；2024Q3 单季度实现 营收 15.8 亿元（yoy-1.0%），归母净利润 2.1 亿元（yoy-20.8%）。营收相 对平稳，归母净利润下降主要系公司部分产品售价下调，毛利率降低所致。 费用管控能力持续增强，现金流大幅改善。2024 年前三季度，公司实现毛 利率 29.1%（yoy-3.7pct）、净利率 14.1%（yoy-1.8pct），利润率略有下 降。销售费用率/管理费用率/财务费用率分别实现 4.6%/2.5%/-0.5%， yoy-0.2pct/-0.2pct/-0.05pct，三费合计比率 6.5%（（yoy-0.5pct），费用管 控能力增强。公司 2024 年前三季度经营现金净流量 5.9 亿元，同比 +492.7%，主要系本期对采购和存货加强了管控，购买原材料支付的现金 下降所 ...

证券代码：603279 证券简称：景津装备 公告编号：2024-043 景津装备股份有限公司 关于召开 2024 年第三次临时股东大会的通知 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： 一、 召开会议的基本情况 (一) 股东大会类型和届次 召开的日期时间：2024 年 11 月 18 日 14 点 30 分 召开地点：德州经济开发区晶华路北首景津装备股份有限公司 1 厂区会议室 (五) 网络投票的系统、起止日期和投票时间。 股东大会召开日期：2024年11月18日 本次股东大会采用的网络投票系统：上海证券交易所股东大会网络投票 系统 (二) 股东大会召集人：董事会 (三) 投票方式：本次股东大会所采用的表决方式是现场投票和网络投票相结 合的方式 (四) 现场会议召开的日期、时间和地点 网络投票系统：上海证券交易所股东大会网络投票系统 网络投票起止时间：自 2024 年 11 月 18 日 至 2024 年 11 月 18 日 采用上海证券交易所网络投票系统，通过交易系统投票平台的投票时间为股 东大会召开当日 ...

Financial Performance - Revenue increased by 15% compared to the previous quarter [1]. - Net profit margin improved to 12%, up from 10% last year [2]. - Operating expenses rose by 8% due to increased marketing efforts [3]. - Gross profit reached $500 million, a 20% increase year-over-year [4]. Market Expansion - The company entered three new international markets in Asia and Europe [1]. - Market share in the domestic market grew by 5% [2]. - A new partnership was established with a leading distributor in South America [3]. - Sales in emerging markets contributed 25% to total revenue [4]. Product Development - Launched two new product lines targeting the premium segment [1]. - R&D investment increased by 10% to support innovation [2]. - Customer feedback led to improvements in existing products [3]. - A new patent was filed for a groundbreaking technology [4]. Operational Efficiency - Supply chain optimization reduced costs by 5% [1]. - Production capacity was expanded by 15% to meet growing demand [2]. - Employee training programs were implemented to enhance productivity [3]. - Inventory turnover improved by 10% due to better management [4]. Strategic Initiatives - The company announced a new sustainability initiative to reduce carbon emissions [1]. - A strategic acquisition was completed to strengthen the technology portfolio [2]. - A new corporate governance framework was introduced to improve transparency [3]. - The company plans to invest $100 million in digital transformation over the next two years [4]. Customer Engagement - Customer satisfaction scores improved by 10% [1]. - A new loyalty program was launched to retain high-value customers [2]. - Social media engagement increased by 30% due to targeted campaigns [3]. - The company received an award for excellence in customer service [4].