Core Viewpoint - Haoneng Co., Ltd. (603809) announced a profit forecast for 2024, expecting a net profit between 310 million and 340 million yuan, representing a year-on-year growth of 70% to 87% [1] Group 1: Company Performance - The company’s stock closed at 14.01 yuan, with an increase of 2.11% on the announcement day [1] - The trading volume was 559 million yuan, with a turnover rate of 6.31% [1] - Over the past five days, the stock has risen by 3.93% [1] Group 2: Market Reaction - A statistical analysis of stocks with a profit forecast increase of over 50% shows that 65.5% of these stocks experienced a price increase on the announcement day [1] - Among these, 25 companies hit the daily price limit on the announcement day [1] - The proportion of stocks that rose in price over the following five days reached 73.18% [1]

Financial Performance Forecast - The company expects a net profit attributable to shareholders for 2024 to be between 310 million and 340 million CNY, an increase of 128.04 million to 158.04 million CNY compared to the same period last year, representing a year-on-year growth of 70% to 87%[4] - The projected net profit attributable to shareholders after deducting non-recurring gains and losses for 2024 is estimated to be between 292.26 million and 322.26 million CNY, an increase of 124.55 million to 154.55 million CNY compared to the previous year, indicating a year-on-year increase of 74% to 93%[7] - The company's net profit for the previous year was 181.96 million CNY, with a total profit of 217.19 million CNY and a net profit after deducting non-recurring gains and losses of 167.71 million CNY[8] - The performance forecast is based on preliminary calculations, and the final audited financial data will be disclosed in the 2024 annual report[11] - There are no significant uncertainties affecting the accuracy of this performance forecast[10] Revenue Growth Drivers - The growth in net profit is primarily driven by rapid revenue growth in the new energy vehicle components business, supported by the release of new projects and products, leading to improved gross margins[9] - The aerospace components business also contributed to revenue growth, alongside a reduction in losses from long-term equity investments, further supporting the increase in net profit[9] Strategic Focus - The company aims to continue focusing on product layout in the new energy vehicle and aerospace sectors to build a core competitive advantage across the entire industry chain and enhance profitability[9]

Summary of Conference Call Company Overview - The conference call focused on **豪能股份 (HaoNeng Co., Ltd.)**, a company involved in the automotive and transmission component industry, particularly in electric drive systems and gear reducers [1][10]. Key Points and Arguments 1. **Company's Historical Development and Capabilities** - The company has a complex history with a strong foundation in the automotive sector, showcasing its ability to meet customer demands through a comprehensive design and production process [2][10]. - The customer base reflects the company's underlying capabilities, indicating a robust operational structure [2]. 2. **Growth Drivers** - The **擦速器 (gear reducer)** business is identified as a significant growth driver, allowing the company to penetrate various customer segments, including new energy vehicles and independent brands [3][4]. - The **行星减速器 (planetary gear reducer)** is highlighted as a crucial component with applications in robotics and electric vehicles, emphasizing its importance in the company's growth strategy [4][15]. 3. **Market Trends and Penetration Rates** - The domestic market penetration for gear reducers has reached between 40% to 50%, indicating a mature market with potential for structural changes [6]. - The transition from parallel axis reducers to coaxial reducers is noted as a significant trend, driven by performance and cost advantages [15]. 4. **Operational Efficiency and Financial Metrics** - The company is currently experiencing a phase of capital expansion, similar to its historical performance in 2020, which may lead to increased revenue and improved profit margins in the coming years [12][13]. - Historical data shows that the company's gross margin and return on equity (ROE) are at relatively low levels, suggesting potential for improvement as operational efficiency increases [14][17]. 5. **Technological Advancements** - The call discussed the advantages of planetary gear reducers over other types, such as RV reducers, particularly in terms of cost-effectiveness and durability [8][9][16]. - The company’s ability to meet specific customer requirements and its strong supply chain capabilities are emphasized as competitive advantages [7][10]. Additional Important Insights - The discussion included the importance of understanding the company's operational cycle, which is crucial for long-term investment considerations [12][17]. - The potential for significant growth in the domestic market for transmission components was highlighted, indicating a favorable outlook for the company [10][17]. Conclusion - Overall, the conference call provided a comprehensive overview of **豪能股份**, focusing on its capabilities, growth strategies, market trends, and financial outlook, suggesting a positive trajectory for the company in the automotive component industry [18].

关于成都豪能科技股份有限公司 股票交易异常波动问询函的回复 成都豪能科技股份有限公司： 公司发来的《关于成都豪能科技股份有限公司股票交易异常波动问询函》已 收悉，经自查，现就相关事项回复如下： 本人作为豪能股份的控股股东、实际控制人，截至本回复签署之日，不存在 影响公司股票交易价格异常波动的重大事项，也不存在应披露而未披露的重大信 息，包括但不限于重大资产重组、股份发行、重大交易类事项、业务重组、股份 回购等重大事项。 特此回复。 2025 年 1 月 9 日 （本页无正文，为《关于成都豪能科技股份有限公司股票交易异常波动问询函的 （以下无正文） 回复》之签字页） 控股股东及共同实际控制人签字： 向朝东 向星星 向朝明 ...

| 证券代码：603809 | 证券简称：豪能股份 公告编号：2025-001 | | --- | --- | | 转债代码：113690 | 转债简称：豪 转债 24 | 成都豪能科技股份有限公司 股票交易异常波动公告 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： 成都豪能科技股份有限公司（以下简称"公司"）股票交易连续 2 个交易 日内日收盘价格涨幅偏离值累计超过 20%，属于股票交易异常波动情形。 经公司自查并向控股股东及实际控制人核实，截至本公告披露日，公司 不存在应披露而未披露的重大信息。 敬请广大投资者理性投资，审慎决策，注意投资风险。 一、股票交易异常波动的具体情况 公司股票交易于 2025 年 1 月 8 日和 1 月 9 日连续 2 个交易日内日收盘价格 涨幅偏离值累计超过 20%，根据《上海证券交易所交易规则》的有关规定，属于 股票交易异常波动情形。 二、公司关注并核实的相关情况 （一）生产经营情况 经公司自查，公司及子公司目前日常经营情况正常，外部环境未发生重大变 化。 （二）重大事项情 ...

Company and Industry Summary Company Overview - The company is involved in the manufacturing of various types of gear systems, including synchronizers and reducers, with applications in electric vehicles and robotics [1][3]. Key Points and Arguments - The market perception of the company is primarily focused on synchronizers, which are used in three-wheeled and four-wheeled vehicles. However, the company has significant growth potential in the electric vehicle and robotics sectors [1]. - Reducers are categorized into two types: parallel shaft reducers and coaxial reducers, with the latter being a planetary reducer. The working principle involves the motor connecting to the sun gear, which transmits power through planetary gears to achieve reduction [2]. - The company is investing in the development of planetary detectors and precision detectors for automotive and industrial applications, indicating a strategic focus on technological upgrades and replacements [3]. - The market shows a high interest in wave detectors and RV detectors, with the former being cost-effective and the latter having a more complex structure but offering higher speed ratios [4]. - Cost is a critical factor for humanoid robots, and the company’s products are noted for their strong impact resistance, making them suitable for various applications [5]. - The planetary detector market is saturated, with many manufacturers. The company's competitive edge lies in its processing precision, which affects noise and vibration performance [6]. - The longevity of products is linked to heat treatment and strength, which the company has a strong foundation in due to its extensive experience [7]. - The company has shown a consistent growth trajectory, likened to a rocket's stages, with traditional synchronizer business being a leading segment both domestically and globally [8]. - The differential gear business has expanded significantly in recent years, gaining traction with new energy and independent brands, indicating a strong order flow and revenue growth potential [9]. - The differential gear is essential for torque distribution in vehicles, especially during turns or slippery conditions, highlighting its importance in the overall vehicle system [10]. - The company has established strong manufacturing processes and customer relationships, which enhance its research and development capabilities [11]. - The operational cycle of the company is crucial for long-term investors, with expectations of improved return on equity (ROE) and asset growth rates in the coming years [12][13]. - The company is currently experiencing robust capacity expansion, with expectations of revenue growth leading to improved gross margins [14]. - Long-term investment in the company is viewed positively, with expectations of an upward trend in operating margins and overall profitability [15][16]. Additional Important Insights - The company’s ability to adapt its automotive manufacturing capabilities to the robotics sector is seen as a significant advantage [12]. - The management team emphasizes ongoing communication and engagement with stakeholders, reflecting a commitment to transparency and collaboration [17].

（一）交易的原因和基本情况 因四川航天神坤科技有限公司（以下简称"标的公司"或"航天神坤"）经营业 绩未达预期、大股东四川航天工业集团有限公司也已挂牌转让其持有的航天神坤 46.2943%股权，考虑到航天神坤未来发展具有不确定性，为优化公司资产，提升公 司的核心竞争力，2024 年 12 月 27 日，成都豪能科技股份有限公司（以下简称"公 司"或"甲方"）与江苏斯普瑞科技有限公司（以下简称"江苏斯普瑞"或"乙方"） 签订了《成都豪能科技股份有限公司与江苏斯普瑞科技有限公司关于四川航天神坤 科技有限公司 34%股权之转让协议》（以下简称"《股权转让协议》"），以 953.70 万 元的股权转让对价出售公司持有的航天神坤 34%股权。 | 证券代码：603809 | 证券简称：豪能股份 | 公告编号：2024-093 | | --- | --- | --- | | 转债代码：113690 | 转债简称：豪 24 转债 | | 成都豪能科技股份有限公司 关于出售四川航天神坤科技有限公司 34%股权的公告 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 ...

| 证券代码：603809 | 证券简称：豪能股份 公告编号：2024-094 | | --- | --- | | 转债代码：113690 | 转债简称：豪 24 转债 | 成都豪能科技股份有限公司 关于全资子公司签署投资协议的公告 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： 1、本项目的投资和建设是以竞买目标土地使用权为前提，土地使用权能否竞得、 最终取得时间及成交价格均存在不确定性。 2、本项目投资资金为自筹资金，所涉及投资总额为计划投资规模，可能根据后 续资金筹集、项目进展、备案审批等具体情况进行调整，存在实际投资金额与投资 计划产生差异的风险。 3、本项目是基于公司航空航天业务发展需求，但投资规模较大、建设周期较长， 可能面临宏观经济、行业政策、市场变化等影响，存在无法实现预期收益的风险。 一、 对外投资概述 （一）对外投资的基本情况 为满足成都豪能科技股份有限公司（以下简称"公司"）航空航天业务未来发展 需求，公司全资子公司成都昊轶强航空设备制造有限公司（以下简称"昊轶强"或 "乙方"）于 202 ...

| 证券代码：603809 | 证券简称：豪能股份 | 公告编号：2024-092 | | --- | --- | --- | | 转债代码：113690 | 转债简称：豪 24 转债 | | （二）审议通过《关于全资子公司签署<投资协议书>的议案》 成都豪能科技股份有限公司 第六届董事会第九次（临时）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法律责任。 一、董事会会议召开情况 成都豪能科技股份有限公司（以下简称"公司"）第六届董事会第九次（临时） 会议于 2024 年 12 月 27 日以现场结合通讯表决的方式在公司会议室召开。会议通 知于 2024 年 12 月 26 日以短信及电子邮件的方式向全体董事发出。会议应出席董 事 9 名，实际出席董事 9 名。会议由董事长向星星女士主持，公司全体高级管理人 员列席了本次会议。会议的召开符合《中华人民共和国公司法》和《公司章程》的 规定。 二、董事会会议审议情况 （一）审议通过《关于出售四川航天神坤科技有限公司 34%股权的议案》 同意公司出售四川航天神坤科技有限公司 3 ...

Summary of Conference Call Notes Company and Industry - The discussion revolves around the company "Haoneng" and its involvement in the planetary gearbox sector, particularly in the context of humanoid robots and new energy vehicles [1][2][3][4][5][6][7][8][9][10][11][12][13][14][15][16][17][18]. Core Points and Arguments 1. **Planetary Gearbox Advantages**: - Planetary gearboxes have a clear cost advantage compared to other gearbox types, such as parallel axis and RV gearboxes, due to their rigid connection and strong impact resistance [1][2][4][10]. - The weight of planetary gearboxes is relatively high, and while their reduction ratio may not be as large, they are being optimized for better performance [1][2][10]. 2. **Market Trends**: - The market is increasingly focusing on the structural aspects and new technologies of gearboxes, with a notable shift towards coaxial gearboxes, which are expected to see rapid adoption in the next two to three years [3][4][6]. - The penetration rate of planetary gearboxes is currently high, and the industry is moving towards a more technology-driven approach to meet market demands [4][6][18]. 3. **Growth Potential**: - The humanoid robot sector is a significant growth area, with planetary gearboxes being a critical component. The value contribution of linear actuators and gearboxes in humanoid robots is substantial, indicating strong future demand [13][15][18]. - Haoneng is positioned to benefit from the increasing demand for planetary gearboxes in new energy vehicles, with expectations of substantial market growth if cost reduction and penetration rates improve [9][10][18]. 4. **Operational Efficiency**: - The company is currently experiencing low asset turnover rates, but there is optimism regarding future performance as project orders are robust and expected to drive revenue growth [5][6][16][17]. - The operational cycle is viewed positively, with expectations for both gross margin and return on equity (ROE) to improve as the company capitalizes on its project backlog [6][16][17]. 5. **Investment Considerations**: - Long-term investors are particularly focused on the company's operational cycle, including capacity expansion, gross margin trends, and the ability to meet rising industry demand [14][15][16]. - The company is compared to past capital expansion phases of similar firms, suggesting that it is in a critical growth phase with potential for significant returns [5][6][14]. Other Important but Possibly Overlooked Content - The company is actively working on optimizing its gearbox designs to enhance performance and reduce weight, which are critical factors for applications in humanoid robots and new energy vehicles [10][11][12]. - The discussion highlights the importance of understanding the operational cycle and market dynamics, which are crucial for assessing the company's future performance and investment potential [16][17][18].