证券代码：603855 证券简称：华荣股份 公告编号：2024-038 华荣科技股份有限公司 持股 5%以上的股东股份解除质押的公告 持股 5%以上的股东李妙华先生上述股份解除质押为提前解除质押，不存在 延期情形。如后续发生质押业务，公司将及时进行信息披露。 二、股东累计质押股份情况 1 股东名称 李妙华 本次解质股份（万股） 480.00 占其所持股份比例 22.29% 占公司总股本比例 1.42% 解质时间 2024 年 12 月 12 日 持股数量（万股） 2,153.30 持股比例 6.38% 剩余被质押股份数量（万股） 0.00 剩余被质押股份数量占其所持股份比例 0.00% 剩余被质押股份数量占公司总股本比例 0.00% 一、本次股份解除质押具体情况 | 截至公告披露日，李妙华先生累计质押股份情况如下： | | --- | | | | | | | | | 已质押股份情 | | 未质押股份情 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | 本次解 | 本次 | | | 况 | | 况 | ...

德恒上海律师事务所 关于 华荣科技股份有限公司 德恒上海律师事务所 关于华荣科技股份有限公司 2023 年限制性股票激励计划 第一个解除限售期解除限售条件成就、回购注销部分限制性股票并调整回购价格的法律意见 释 义 在本《法律意见》内，除非文义另有所指，下列词语具有下述含义： | 华荣股份/公司 | 指 | 华荣科技股份有限公司 | | --- | --- | --- | | 证监会/中国证监会 | 指 | 中国证券监督管理委员会 | | 上交所 | 指 | 上海证券交易所 | | 登记结算公司 | 指 | 中国证券登记结算有限责任公司上海分公司 | | 本所 | 指 | 德恒上海律师事务所 | | 《激励计划》/本激 | 指 | 《华荣科技股份有限公司 年限制性股票激励计划》 2023 | | 励计划 | | | | 《考核管理办法》 | 指 | 《华荣科技股份有限公司 2023 年限制性股票激励计划实施考核 | | | | 管理办法》 | | 激励对象 | 指 | 按照本激励计划规定，获得限制性股票的公司（含子公司）高级 | | | | 管理人员、中层管理人员及核心技术（业务）人员 | | | | 公司根 ...

本公司董事会、全体董事及相关股东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： 证券代码：603855 证券简称：华荣股份 公告编号：2024-036 华荣科技股份有限公司股东及董监高转让股份暨控 股股东及实际控制人受让股份结果公告 转让主体持股的基本情况 本次转让计划实施前，华荣科技股份有限公司（以下简称"公司"或"华荣 股份"）董事、总经理李江先生持有公司股份 14,350,000 股，占公司总股本 4.25%。 转让计划的实施结果情况 公司于 2024 年 9 月 20 日披露了《股东及董监高转让股份暨控股股东及实际 控制人受让股份计划公告》（公告编号：2024-026），公司董事、总经理李江先生 计划通过大宗交易方式转让其持有的公司无限售流通股份不超过 3,000,000 股 （占本人所持股份的 20.91%，占公司总股本的比例为 0.89%）给公司控股股东及 实际控制人胡志荣先生。 2024 年 11 月 15 日，公司董事、总经理李江先生通过大宗交易方式转让公 司股份 3,000,000 股给公司控股股东及实际控制人胡志 ...

德恒上海律师事务所 华荣科技股份有限公司 控股股东、实际控制人受让股份的 法律意见 上海市东大名路 501 号上海白玉兰广场办公楼 23 楼 电话：021-5598 9888 传真：021-5598 9898 邮编：200080 德恒上海律师事务所 关于华荣科技股份有限公司 控股股东、实际控制人受让股份的法律意见 德恒上海律师事务所 关于 关于 华荣科技股份有限公司 控股股东、实际控制人受让股份的 法律意见 德恒 02G20240145-00002 号 致：华荣科技股份有限公司 根据华荣科技股份有限公司（以下简称"华荣股份"或"公司"）与德恒上海 律师事务所（以下简称"本所"）签订的《法律服务协议》，本所根据《中华人民 共和国公司法》（以下简称"《公司法》"）、《中华人民共和国证券法》（以下 简称"《证券法》"）、《上市公司收购管理办法》（以下简称"《收购管理办法》"）、 《上海证券交易所上市公司自律监管指引第 8 号——股份变动管理》《上海证券交 易所股票上市规则》等法律、行政法规和规范性文件及中国证券监督管理委员会（以 下简称"中国证监会"）的有关规定，就公司控股股东、实际控制人胡志荣先生（以 下简称"受 ...

控股股东、实际控制人股份质押及解除质押的公告 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。 重要内容提示： 证券代码：603855 证券简称：华荣股份 公告编号：2024-035 华荣科技股份有限公司 注：表格中合计数与各明细数直接相加之和在尾数上如有差异，系四舍五入产生 华荣科技股份有限公司（以下简称"公司"）控股股东、实际控制人胡志荣先 生共持有公司无限售流通股股票 11,247 万股，占公司股份总数的比例为 33.32%，胡志 荣先生本次股份质押 2,200 万股，解除质押 2,050 万股，上述质押及解除质押手续办 理完毕后，胡志荣先生累计质押公司股票 2,200 万股，占其所持公司股份数的 19.56%， 占公司股份总数的 6.52%。 胡志荣先生及其一致行动人合计持有公司无限售流通股股票 12,217 万股，占 公司股份总数的比例为 36.19%。本次质押及解除质押后，胡志荣先生及其一致行动人 累计质押公司股票 2,520 万股，占其所持公司股份数的 20.63%，占公司股份总数的 7.47%。 一、 公司 ...

Investment Rating - The investment rating for the company is "Outperform the Market" [5] Core Views - The company achieved a revenue of 2.45 billion yuan in the first three quarters of 2024, representing a year-on-year growth of 19.67%, while the net profit attributable to the parent company was 321 million yuan, up 6.62% year-on-year [1][3] - The significant revenue growth in Q3 2024 was primarily due to the completion and recognition of revenue from the previously delayed new energy EPC projects [1] - The company is accelerating its overseas market expansion, having established operational centers in Europe, Southeast Asia, and Central Asia, with plans for further expansion into South America and Africa [2] Summary by Sections Financial Performance - For the first three quarters of 2024, the company's gross margin was 50.17%, and the net margin was 13.26%, showing a decline of 7.25 and 1.70 percentage points year-on-year, respectively [2] - In Q3 2024, the gross margin was 46.95%, and the net margin was 11.72%, reflecting a year-on-year decline of 10.52 and 3.15 percentage points [2] - The revenue from the low-margin new energy EPC business increased significantly, accounting for 18% of total revenue in the first three quarters [2] Profitability Forecast - The company has slightly adjusted its profit forecasts for 2024-2026, expecting net profits of 509 million, 590 million, and 689 million yuan for the respective years, with corresponding PE ratios of 15, 13, and 11 [3][4] Market Position - The company is recognized as a leader in the domestic explosion-proof electrical equipment sector, with steady growth in its main business and an expanding overseas market that is expected to contribute to growth [3]

证券研究报告：机械设备|公司点评报告 2024 年 10 月 31 日 公司基本情况 最新收盘价（元） 20.50 总股本/流通股本（亿股）3.38 / 3.31 总市值/流通市值（亿元）69 / 68 52 周内最高/最低价 23.68 / 14.97 资产负债率(%) 56.8% 市盈率 14.75 第一大股东 胡志荣 股票投资评级 买入|维持 个股表现 -22% -15% -8% -1% 6% 13% 20% 27% 34% 41% 2023-10 2024-01 2024-03 2024-06 2024-08 2024-10 华荣股份 机械设备 资料来源：聚源，中邮证券研究所 研究所 分析师:刘卓 SAC 登记编号:S1340522110001 Email:liuzhuo@cnpsec.com 分析师:陈基赟 SAC 登记编号:S1340524070003 Email:chenjiyun@cnpsec.com 华荣股份(603855) Q3 新能源 EPC 业务放量，业绩稳健向上 ⚫ 事件描述 公司发布 2024 年三季报，2024Q1-3 实现营收 24.50 亿元，同增 19.67%；实现归母净利 ...

Financial Performance - In the first three quarters of 2024, the company achieved revenue of 2.45 billion CNY, a year-on-year increase of 19.7% [4] - The net profit attributable to shareholders for the same period was 320 million CNY, up 6.6% year-on-year; the non-recurring net profit was 300 million CNY, an increase of 3.0% [4] - In Q3 alone, revenue reached 1.048 billion CNY, representing a 43.6% year-on-year growth, with a net profit of 121 million CNY, up 14.1% [4] Segment Performance - The explosion-proof segment generated approximately 1.8 billion CNY in revenue in the first three quarters, showing a slight decline [5] - The engineering segment's new energy EPC business reported revenue of 442 million CNY with a gross margin of 19.7% [5] - The professional lighting segment saw revenue of 155 million CNY, down 9.3% year-on-year, with a gross margin decrease of 0.7 percentage points [5] Market Insights - The nuclear power sector experienced over 20% growth in the first three quarters, driven by earlier project wins [5] - The intelligent safety business achieved over 50% growth in Q3, with total revenue of 160 million CNY [5] - The company is expanding its foreign trade operations, with a successful establishment in Saudi Arabia and plans for further expansion in Europe, Southeast Asia, and South America [6] Future Outlook - The company anticipates continued growth in the intelligent safety sector, leveraging its integrated system capabilities to meet diverse customer needs [6] - Despite challenges in traditional oil and gas sectors, the company expects a narrowing decline in domestic explosion-proof performance [6] - The new energy EPC business is projected to contribute positively to overall performance in the latter half of the year [6]

Investment Rating - The report maintains a "Buy" rating for Huarong Co Ltd (603855 SH) [3][6] Core Views - Huarong Co Ltd benefits from stable demand for explosion-proof electrical appliances and is expanding its global market presence [3] - The company's new energy business is driving high revenue growth [3] - With a domestic market share exceeding 30% in explosion-proof products, the company is well-positioned to capitalize on industry consolidation [4] Financial Performance - Q3 2024 revenue reached 2 45 billion yuan, up 19 67% YoY [4] - Net profit attributable to shareholders was 321 million yuan, a 6 62% YoY increase [4] - Single Q3 revenue grew 43 61% YoY to 1 048 billion yuan [5] - Q3 net profit rose 14 07% YoY to 121 million yuan [5] Market Outlook - Global explosion-proof electrical equipment market is expected to grow from 49 67 billion yuan in 2023 to 64 39 billion yuan by 2030, with a CAGR of 3 78% [5] - The company is actively expanding in Middle East, Southeast Asia, and European markets [5] Financial Projections - 2024-2026 revenue forecast: 3 898 billion, 4 369 billion, and 4 906 billion yuan respectively [6] - 2024-2026 EPS forecast: 1 50, 1 79, and 2 13 yuan respectively [6] - Current PE ratios: 14x (2024), 12x (2025), 10x (2026) [6] Operational Highlights - Sales expense ratio decreased by 5 percentage points YoY in Q3 [5] - R&D expenses remained stable while management and financial expenses increased slightly [5] - The company maintains strong relationships with major global energy companies including Sinopec, Shell, BP, and Saudi Aramco [5]