Investment Rating - The report maintains a "Buy" rating for the company, indicating a positive outlook for its stock performance in the coming months [6]. Core Insights - The company reported a revenue of 43.253 billion yuan in 2023, a year-on-year decrease of 9.44%. The net profit attributable to shareholders was 1.351 billion yuan, down 19.40% year-on-year, but the decline in profit has narrowed compared to previous quarters [1][10]. - The company demonstrated resilience against cyclical downturns, with a gradual recovery in gross margin and net margin in the fourth quarter of 2023, benefiting from expectations of increased infrastructure and water conservancy investments [1][10]. - The production and sales volume of metal products increased significantly, with a production target of 9.47 million tons for 2024, representing a year-on-year growth of 10.2% [1][10]. - The company is advancing multiple new business initiatives, including a successful launch of a green intelligent manufacturing project and international expansion in the ductile iron pipe sector [1][10]. - The water conservancy construction investment in China reached 1.1996 trillion yuan in 2023, a 10.1% increase from 2022, indicating a favorable market environment for the company's ductile iron pipe products [1][10]. Summary by Sections Financial Performance - In 2023, the company achieved a revenue of 43.253 billion yuan, with a net profit of 1.351 billion yuan and a basic earnings per share of 0.3385 yuan. The decline in net profit was less severe than in previous quarters, showing signs of recovery [1][10]. - The gross margin and net margin improved in Q4 2023, with gross margins reaching 7.93% and net margins at 3.72% [1][10]. Production and Sales - The company produced 8.592 million tons of metal products in 2023, a 3.3% increase year-on-year, with sales volume reaching 8.577 million tons, up 2.0% year-on-year. The production target for 2024 is set at 9.47 million tons [1][10]. Strategic Initiatives - The company has launched several new business projects, including a green intelligent manufacturing project and a strategic partnership with the Dalian Institute of Chemical Physics for research in energy storage and new materials [1][10]. - A significant investment cooperation framework was signed for a 250,000-ton ductile iron pipe project in Egypt, aimed at enhancing international competitiveness [1][10]. Market Outlook - The water conservancy construction sector is expected to continue growing, with substantial investment opportunities for the company's products in municipal, water conservancy, sewage, and thermal applications [1][10].

Financial Performance - The company reported a net profit of 2,400 million yuan for the year, representing a 24.20% increase compared to the previous year[12]. - The overall revenue for the year was reported at 15,260,539,404 yuan, reflecting a robust performance in the mechanical manufacturing industry[14]. - The company's operating revenue for 2023 was ¥43.25 billion, a decrease of 9.44% compared to ¥47.76 billion in 2022[33]. - Net profit attributable to shareholders for 2023 was ¥1.35 billion, down 19.40% from ¥1.68 billion in 2022[33]. - The net cash flow from operating activities decreased by 40.74% to ¥1.91 billion in 2023 from ¥3.23 billion in 2022[33]. - Basic earnings per share for 2023 were ¥0.3385, a decline of 19.40% compared to ¥0.4200 in 2022[33]. - The total operating revenue for 2023 was ¥43,253,477,822.32, representing a decrease of 9.44% compared to ¥47,760,058,256.98 in 2022[88]. - The revenue from cast pipes and cast fittings was ¥13,353,623,901.55, accounting for 30.87% of total revenue, with a year-on-year decrease of 9.23%[89]. - Domestic revenue was ¥42,064,817,675.01, which is 97.25% of total revenue, showing a decline of 8.83% year-on-year[88]. - The company reported a significant non-operating income of ¥519.47 million in 2023, compared to ¥318.71 million in 2022[38]. Subsidiary Performance - The subsidiary Hebei Xinxing reported a net profit of 97,629,016 yuan, contributing over 10% to the company's total net profit[14]. - Wuhu Xinxing achieved a net profit of 236,452,319 yuan, also exceeding the 10% threshold for profit contribution[14]. - The subsidiary Xinjiang Holdings reported a net loss of 214,013,090 yuan, highlighting challenges in the coal resource sector[14]. Market Strategy and Expansion - The company plans to expand its market presence through strategic acquisitions and new product developments in the mechanical manufacturing sector[12]. - The company is focusing on technological advancements and new product research to enhance its competitive edge in the market[12]. - The company is actively participating in the "Billion Green Steel" initiative, aiming to complete approximately 25 million tons of green steel transactions during the 14th Five-Year Plan period[51]. - The company holds over 30% market share domestically and exports to more than 40 countries and regions, maintaining the world's largest production scale for steel grating and ductile iron pipes[60]. Production and Sales - The company achieved a 16.4% year-on-year increase in sales in specific markets such as water conservancy, sewage, and heating[56]. - The company’s sales volume of cast pipes increased by 3.8%, with a production capacity utilization rate significantly higher than the industry average[44]. - The production of castings rose by 8% year-on-year, while the sales of steel grating surged by 25%, both achieving historical highs[44]. - The company achieved a record monthly production in high furnace, coking, and steelmaking processes, with 11 record-breaking months[79]. Research and Development - The company has invested in R&D focusing on new product development, process innovation, and intelligent equipment upgrades, achieving significant technological advancements with a total of 2,765 patents, including 535 inventions[103]. - R&D investment amounted to ¥1,322,826,028.54 in 2023, a decrease of 7.35% from ¥1,427,756,224.27 in 2022, representing 3.06% of operating revenue[109]. - R&D personnel increased to 1,098 in 2023, up 8.39% from 1,013 in 2022, with a proportion of 7.84% of total employees[109]. - The company has established a national-level enterprise technology center and multiple research centers, indicating a strong commitment to innovation and market leadership[103]. Financial Position and Investments - The total assets at the end of 2023 were ¥55.53 billion, a slight decrease of 0.69% from ¥55.92 billion at the end of 2022[33]. - The net assets attributable to shareholders increased by 3.33% to ¥25.46 billion at the end of 2023 from ¥24.64 billion at the end of 2022[33]. - The company reported a significant equity investment of ¥1,626,689,750.00 in Jihua Group, with a cumulative fair value change of -¥13,499,500.00, resulting in a year-end book value of ¥547,694,000.00[126]. - The total investment amount for the reporting period was ¥2,685,906,201.47, a decrease of 22.85% compared to the same period last year, which was ¥3,481,474,182.67[126]. Operational Efficiency - The company aims to improve operational efficiency and profitability through enhanced management strategies and cost control measures[12]. - The company successfully launched 29 robots and established a preliminary robot cloud platform, enhancing operational efficiency[80]. - The company implemented a contract management system to optimize production processes, leading to cost reductions and efficiency improvements[81]. - The company achieved a profit increase of 23 yuan per ton of steel through a four-dimensional profit enhancement strategy[72]. Corporate Social Responsibility - The company has been actively involved in rural revitalization efforts, improving infrastructure and living conditions in the supported villages, which has led to recognition as a provincial-level beautiful village[142]. - The company has supported local agricultural development by purchasing local agricultural products worth 100,013.2 yuan, contributing to the increase of farmers' income[143]. Related Party Transactions - The total amount of related party transactions for the reporting period was 31,872.15 million, against an approved limit of 32,500.00 million[163]. - The company’s related party transactions included labor services amounting to 1,606.56 million, representing 7.98% of similar transactions[1]. - The company’s related party transactions for sales of products included steel sales totaling 1,646.96 million, accounting for 0.04% of similar transactions[1]. Compliance and Governance - The financial statements comply with the requirements of enterprise accounting standards, reflecting the company's financial position, operating results, and cash flows accurately[196]. - The financial statements were approved by the board of directors on April 9, 2024[192]. - The company has evaluated its ability to continue as a going concern for the next 12 months and found no significant doubts regarding its ongoing viability[193].

新兴铸管股份有限公司 2023 年度董事会工作报告 2024 年 4 月 | 第一部分 2023 | 年度完成的主要工作 1 | | --- | --- | | 一、坚持深化改革，贯彻落实上级部署 | 1 | | 二、强化科学创新，全面推进规划实施 | 2 | | 三、开展深入调查，精准实施科学决策 | 3 | | 四、加强合规管理，强化防范风险作用 | 8 | | 五、优化价值管理，树立公司良好形象 | 11 | | 六、践行央企责任，彰显公司社会担当 | 11 | | 第二部分 2024 | 年重点工作 12 | | 一、加强董事会建设，提升决策水平 | 13 | | 二、加强风险控制，保障稳健经营 | 13 | | 三、完善信披通道，提升信披质量 | 13 | | 四、提升投关质效，优化价值传递 | 14 | | 五、强化党建工作，推动科学发展 | 14 | 第一部分 2023 年度完成的主要工作 2023 年度，新兴铸管股份有限公司（简称"公司"或"本 公司"）董事会严格按照《公司法》、《证券法》和《深圳 证券交易所股票上市规则》等有关法律、法规和规范性文件 及《公司章程》的相关规定履行董事会职责。公 ...

新兴铸管股份有限公司 2023 年度 环境、社会及治理（ESG）报告 证券代码：000778 证券简称：新兴铸管 2024 年 4 月 报告简介 本报告旨在向股东与投资者、客户、供应商与行业、员工、 社会公众等利益相关方披露新兴铸管股份有限公司（股票代码： 000778）2023 年度在环境、社会及治理（以下简称"ESG"） 方面的实践与绩效，本报告经 2024 年 4 月 9 日召开的公司第十 届董事会第二次会议审议通过。 时间范围 本报告的时间跨度为 2023 年 01 月 01 日至 2023 年 12 月 31 日。报告的组织范围为公司及公司下属子公司。 编制依据 本报告根据《公司法》、《证券法》等法律、行政法规的 规定，按照《主板信息披露业务备忘录第一号---定期报告披露 相关事宜》规定编制，结合公司在履行 ESG 方面的具体情况编 制。 称谓说明： 为便于表述，文中以简称或代称代替各公司全称，文章涉 及"武安本级"、"芜湖新兴"、"新疆控股"、"资源投资"、 "国际发展"等分别为公司按区域所划分的区域型生产企业的 集合或所属二级子公司。 发布形式 第一章 公司概况 电子文档发布在新兴铸管官方网站。 ...

证券代码：000778 证券简称：新兴铸管 公告编号：2024-22 新兴铸管股份有限公司 关于召开 2023 年度股东大会的通知 3、会议召开的合法性、合规性情况：本次股东大会会议召开符合有关法律、行政法 规、部门规章、规范性文件和公司章程的规定。 4、会议召开的日期和时间： （1）现场会议召开时间为：2024 年 5 月 16 日（星期四）下午 14:30 （2）网络投票时间为：2024 年 5 月 16 日 其中：通过深圳证券交易所交易系统进行网络投票的具体时间为：2024 年 5 月 16 日（现场股东大会召开日）9:15—9:25,9:30—11:30 和 13:00—15:00 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、 误导性陈述或重大遗漏。 新兴铸管股份有限公司（以下简称"本公司""公司"）拟于 2024 年 5 月 16 日（星 期四）召开 2023 年度股东大会，会议安排如下： 一、召开会议基本情况 1、会议届次：2023 年度股东大会。 2、会议召集人：公司董事会。经公司第十届董事会第二次会议审议通过，决定召开 2023 年度股东大会。 通过深圳证券交易所互 ...

根据《公司章程》相关规定，并结合公司实际情况和发展需要，公司拟定 2023 年度 利润分配预案为：以公司现有股份总额 3,990,058,776 股扣除回购专户上剩余股份 2,790,167 股后的股本总额 3,987,268,609 股为基数，向全体股东每 10 股派发现金红利 0.60 元（含税），不送红股，不以公积金转增股本，共计派发现金 239,236,116.54 元。 本次利润分配方案披露后至实施前，如出现股份回购等情形时，公司拟按照分配比例固 定的原则以未来实施分配方案时股权登记日的总股本为基数，对分配总金额进行调整。 证券代码：000778 证券简称：新兴铸管 公告编号：2024-19 新兴铸管股份有限公司 二、2023 年度利润分配预案的说明 关于 2023 年度利润分配预案的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、 误导性陈述或重大遗漏。 新兴铸管股份有限公司(以下简称"公司")于 2024 年 4 月 9 日召开的第十届董事会 第二次会议审议通过了《2023 年度利润分配预案》，该议案尚需提交公司 2023 年度股东 大会审议。现将相关事项公告如下： ...

新兴铸管股份有限公司 2023 年度独立董事述职报告 （独立董事：温平） 各位股东： 根据《上市公司独立董事管理办法》《新兴铸管股份有限公司独立董事工作 制度》的规定，我作为新兴铸管股份有限公司（以下简称"公司"）第九届董事 会独立董事，现将本人 2023 年度履行独立董事职责情况做如下述职： 2023 年本人严格按照《公司法》、《上市公司独立董事管理办法》等有关法 律、法规、规范性文件及公司内部制度规定，认真、勤勉、忠实地履行独立董 事的职责，积极出席公司的相关会议，对相关重要事项发表了公正、客观的独 立意见，切实维护了公司和全体股东尤其是中小股东的合法权益。 一、独立董事的基本情况 本人 1962 年出生，中国国籍，无海外居留权，无党派人士，大学学历。曾 任天津液压机械集团铸造分厂工程师，天津宝利福金属有限公司厂长。2007 年 1 月至 2022 年 7 月任中国铸造协会常务副会长，2022 年 8 月至今任中国铸造协 会专家（顾问）委员会副主任，2021 年 1 月起任本公司独立董事，另还兼任苏 州明志科技股份有限公司、日月重工股份有限公司独立董事。 经自查，本人在履职期间不存在影响独立性的情况，候选 ...

证券代码：000778 证券简称：新兴铸管 公告编号：2024-20 新兴铸管股份有限公司 关于 2023 年度计提资产减值准备的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、 误导性陈述或重大遗漏。 新兴铸管股份有限公司（以下简称"公司"）根据《企业会计准则》以及公司相关制 度规定，本着谨慎性原则，为真实、公允地反映公司财务状况与经营成功，对截至 2023 年 12 月 31 日合并报表范围内存在减值迹象的资产计提减值损失合计 19,176.03 万元， 具体情况如下： 一、本次计提资产减值准备情况概述 1、本次计提资产减值准备的原因 根据《企业会计准则》及公司会计政策，为更加客观、真实、准确地反映公司财务状 况和资产价值，公司对截至 2023 年 12 月 31 日资产进行全面清查和减值测试，发现部分 资产存在一定的减值迹象。基于谨慎性原则，公司对存在减值迹象的资产计提减值准备。 2、本次计提资产减值准备的资产范围和总金额 2023 年度计提资产减值准备的资产项目主要为应收账款、其他应收款、存货等，计 提减值准备合计金额为 19,176.03 万元。详见下表： | 项目名称 ...

新兴铸管股份有限公司 董事会对独立董事独立性评估的专项意见 根据中国证券监督管理委员会《上市公司独立董事管理办法》《深圳证券交 易所股票上市规则》《深圳证券交易所上市公司自律监管指引第 1 号——主板上 市公司规范运作》等相关要求，结合新兴铸管股份有限公司（以下简称"公 司"）的《独立董事工作制度》，公司董事会就公司在任独立董事王忠诚先生、 温平先生、李远慧女士的独立性情况进行评估并出具如下专项意见： 经核查独立董事王忠诚先生、温平先生、李远慧女士的任职经历以及签署 的相关自查文件，公司董事会认为上述人员未在公司担任除独立董事、董事会 专门委员会成员以外的任何职务，也未在公司主要股东公司担任任何职务，与 公司以及主要股东之间不存在利害关系或其他可能妨碍其进行独立客观判断的 关系，不存在影响独立董事独立性的情况。因此，公司独立董事符合《上市公 司独立董事管理办法》《深圳证券交易所上市公司自律监管指引第 1 号——主板 上市公司规范运作》等相关法律法规及《公司章程》中对独立董事独立性的相 关要求。 新兴铸管股份有限公司董事会 2024 年 4 月 9 日 ...

新兴铸管股份有限公司 募集资金存放与使用情况鉴证报告 新兴铸管股份有限公司 募集资金存放与使用情况鉴证报告 （2023 年度） 大华核字[2024]0011005265 号 大 华 会 计 师 事 务 所 (特 殊 普 通 合 伙 ) Da Hua Certified Public Accountants（Special General Partnership） 目 录 页 次 一、 募集资金存放与使用情况鉴证报告 1-2 二、 新兴铸管股份有限公司 2023 年度募集资金存 放与使用情况的专项报告 1-5 大华会计师事务所（特殊普通合伙） 北京市海淀区西四环中路 16 号院 7 号楼 12 层 [100039] 电话：86 (10) 5835 0011 传真：86 (10) 5835 0006 www.dahua-cpa.com 募 集 资 金 存 放 与 使 用 情 况 鉴 证 报 告 大华核字[2024]0011005265 号 一、董事会的责任 新兴铸管董事会的责任是按照中国证券监督管理委员会《上市公 司监管指引第 2 号——上市公司募集资金管理和使用的监管要求 （2022 年修订）》、深圳证券交易所 ...