浙江万丰奥威汽轮股份有限公司 股票代码：002085 股票简称：万丰奥威 公告编号：2024-050 股票交易异常波动公告 1、公司前期披露的信息不存在需要更正、补充之处。 2、公司未发现近期公共传媒报道了可能或已经对公司股票交易价格产生较大影 响的未公开重大信息。 3、公司目前经营情况正常，内外部经营环境未发生重大变化。 4、公司、控股股东及实际控制人不存在关于公司的应披露而未披露的重大事项， 或处于筹划阶段的重大事项。 5、股票异常波动期间，公司控股股东、实际控制人未买卖公司股票。 三、是否存在应披露而未披露信息的说明 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。 一、股票交易异常波动情况 浙江万丰奥威汽轮股份有限公司（以下简称"公司"）（证券简称：万丰奥威， 证券代码：002085）股票交易价格于2024年10月30日、10月31日连续两个交易日内收 盘价格涨幅偏离值累计超过20%，根据深圳证券交易所的有关规定，属于股票交易异 常波动情况。 二、公司关注、核实的相关情况 针对股票交易异常波动的情况，公司董事会对公司、控股股东及实际控制人就相 关事项进行 ...

Investment Rating - Maintain "Overweight" rating with a target price of 17.2 yuan [2] Core Views - The company's revenue growth is steady, with strong development in the general aviation business [2] - The company's automotive metal component lightweighting business is well-positioned in the new energy vehicle (NEV) sector, while the general aviation business is tapping into the low-altitude economy [3] - The company is expected to achieve revenue of 16.587 billion yuan, 18.060 billion yuan, and 19.849 billion yuan in 2024, 2025, and 2026, respectively, with EPS of 0.45 yuan, 0.52 yuan, and 0.61 yuan [4] Financial Performance - In Q1-Q3 2024, the company achieved revenue of 11.370 billion yuan, a year-on-year decrease of 1.97%, but a 4.23% increase when excluding the impact of the divestiture of Wuxi Xiongwei's high-strength steel stamping business [2] - Net profit attributable to the parent company was 564 million yuan, a year-on-year increase of 5.07%, while non-GAAP net profit was 499 million yuan, up 3.20% year-on-year [2] - In Q3 2024, revenue was 3.999 billion yuan, a year-on-year decrease of 2.28%, with net profit attributable to the parent company at 165 million yuan, down 24.02% year-on-year [2] - The automotive metal component lightweighting business generated revenue of 9.383 billion yuan, a year-on-year decrease of 3.76%, while the general aviation aircraft manufacturing business achieved revenue of 1.987 billion yuan, up 7.49% year-on-year [2] Profitability and Cost Control - The gross profit margin for Q1-Q3 2024 was 17.50%, a year-on-year decrease of 2.45 percentage points [3] - The sales expense ratio, management expense ratio, and R&D expense ratio were 1.22%, 4.89%, and 2.86%, respectively, showing good control over period expenses [3] Business Development - The company is strengthening cooperation with core NEV customers, optimizing product structure, and increasing the application of large-size wheels and magnesium alloy die-cast parts in mid-to-high-end and NEV models [3] - The general aviation aircraft manufacturing business has sufficient orders, with ongoing optimization of sales and global private aircraft market expansion [3] - The company is focusing on the development of electric aircraft and eVTOL (electric vertical take-off and landing) vehicles, aligning with the national low-altitude economy development strategy [3] Financial Projections - Revenue is projected to grow at a compound annual growth rate (CAGR) of 9.91% from 2024 to 2026, reaching 19.849 billion yuan by 2026 [6] - Net profit attributable to the parent company is expected to grow at a CAGR of 17.72% over the same period, reaching 1.300 billion yuan by 2026 [6] - The company's ROE is forecasted to increase from 13.44% in 2024 to 14.54% in 2026 [6] Valuation - The company's P/E ratio is expected to decline from 39.65x in 2024 to 29.29x in 2026, reflecting improving profitability and earnings growth [6]

Financial Performance - Revenue for Q3 2024 was CNY 3,998,718,845.33, a decrease of 2.28% compared to the same period last year[2]. - Net profit attributable to shareholders was CNY 165,425,292.79, down 24.02% year-on-year[2]. - Net profit excluding non-recurring gains and losses was CNY 140,095,197.53, a decrease of 30.23% compared to the previous year[2]. - Basic earnings per share for Q3 2024 was CNY 0.08, a decline of 27.27% year-on-year[2]. - For the first nine months of 2024, the company achieved operating revenue of CNY 11.37 billion, a decrease of 1.97% year-on-year, but a 4.23% increase when excluding the Wuxi Xiongwei high-strength steel stamping business from the previous year[11]. - The net profit attributable to shareholders for the same period was CNY 564 million, reflecting a year-on-year growth of 5.07%[11]. - The automotive metal lightweighting business generated revenue of CNY 9.38 billion, down 3.76% year-on-year, despite an increase in overall sales volume due to the impact of Wuxi Xiongwei[12]. - The general aviation aircraft innovative manufacturing business reported revenue of CNY 1.99 billion, a year-on-year increase of 7.49%, with stable sales and a strong order book[13]. Cash Flow and Assets - Operating cash flow for the year-to-date period decreased by 57.92% to CNY 589,384,839.02[2]. - Cash flow from operating activities decreased by CNY 81,129,310.00, a decline of 57.92% year-on-year, attributed to reduced sales revenue and increased supplier payments[7]. - Total assets at the end of the reporting period were CNY 17,927,955,441.93, an increase of 1.60% from the end of the previous year[2]. - Cash and cash equivalents decreased to ¥1,847,089,291.04 from ¥1,892,477,223.58, showing a decline of 2.7%[16]. - Accounts receivable increased to ¥3,409,010,164.90 from ¥3,247,444,214.35, representing a rise of 4.96%[16]. - Inventory rose to ¥3,010,142,438.98, up from ¥2,781,536,740.50, indicating an increase of 8.23%[16]. - The total assets of the company reached ¥17,927,955,441.93, compared to ¥17,645,063,288.21, marking an increase of 1.6%[17]. - The total liabilities increased slightly to ¥8,293,938,281.62 from ¥8,265,983,215.10, reflecting a growth of 0.34%[17]. Cost Management - Total operating costs amounted to ¥10,548,051,658.03, slightly down from ¥10,561,129,735.19, indicating a cost control strategy[18]. - Research and development expenses for the period were ¥325,021,016.40, down from ¥339,137,524.72, indicating a focus on efficiency[18]. Strategic Initiatives - The company plans to enhance its R&D capabilities in lightweight metal applications, focusing on aluminum and magnesium alloys to meet the rising demand in the new energy vehicle sector[12]. - The company aims to expand its market presence in the low-altitude economy, developing new applications for its aircraft models and increasing R&D for electric aircraft and eVTOL[14]. - The company is committed to localizing design and supply chain agility to support the growth of the new energy vehicle market[12]. - The company maintains a strong focus on optimizing customer structure and enhancing production efficiency through digital management upgrades[12]. Shareholder Information - The top ten shareholders include Wan Feng Auto Holding Group with a 34.37% stake and other significant shareholders such as Century Life Insurance with 5.00%[10]. Other Comprehensive Income - The company reported a significant decrease in other comprehensive income, which fell to -¥42,844,714.43 from ¥67,529,134.24[17]. - The company reported a decrease in other comprehensive income, with a net loss of approximately ¥128.19 million compared to a gain of ¥168.34 million in the previous year[19].

那各位听者大家早上好我是华尚交易吴亦凡那欢迎来收听我们这个疫情要低峰第六期那从我们上周二推出啊这个到今天第六期我们上周三期本周这个三期整个低峰市场的表现应该说还是这个有目共睹应该说这也还是非常的亮眼那今天的话我们主要是汇报一下这个万方威因为从我们提出整个低峰筛列课四金刚这个以来我们感觉到市场对于这个对于这个认知啊这个也是关注度啊 信息多也是在不断提升那这个其实第一期我们讲的就是畅想一二期中主气场视角来看整个低空它攻略多大其实重点就建议关注万峰那这个最近我们和我们汽车组就联合发布了万峰ROV的这样一个深度所以今天我们对此做一个这样的汇报那首先的话我们这个第一部分那因为既然是对这个公司做一个深度的这样一个汇报的话我们先把这个公司这个发展的历程 简单的讲 假如从它发展的历史当中我们会看一下这个公司的基因在哪我觉得这个事情还是比较重要的首先第一 万凤卫它现在 现在当它是这个双引擎啊就是以汽车金属零部件的轻量化和这个通航飞机创新制造产业是公司在引爆年史的双引擎的迅速发展但事实上它都是以大交通领域当中先进制造业为核心的这样一个公司那它呢是通过不断收购形成目前的这种格局 那胡斯在06年在生鸟所上市那上市以来他围绕业务主线其 ...

股票代码：002085 股票简称：万丰奥威 公告编号：2024-048 1、本次变动前，百年人寿合计持有本公司股份 145,845,470 股，占本次变动前公 司总股本 2,123,297,520 股的 6.87%。 2、百年人寿于 2024 年 10 月 9 日至 2024 年 10 月 22 日通过集中竞价交易方式 减持公司股份 21,232,860 股，占公司总股本比例 1.00%，减持股份来源为从二级市场 集中竞价交易方式取得。 3、截至 2024 年 10 月 22 日收盘，百年人寿合计持有本公司股份 124,612,610 股， 占公司当前总股本 2,123,297,520 股的 5.87%。根据《证券法》、《上市公司收购管理 办法》等相关规定，百年人寿合计持有公司股份比例变动达到 1%。 浙江万丰奥威汽轮股份有限公司 关于持股 5%以上股东持股比例变动达到 1%的公告 本公司持股 5%以上股东百年人寿保险股份有限公司保证向本公司提供的信息 内容真实、准确、完整，没有虚假记载、误导性陈述或重大遗漏。 本公司及董事会全体成员保证公告内容与信息披露义务人提供的信息一致。 特别提示： 百年人寿于 202 ...

证 券 研 究 报 告 万丰奥威（002085）深度研究报告 推荐（首次） 低空经济浪潮下预期钻石飞机品牌核心受益，轻量 | --- | --- | --- | --- | --- | --- | --- | |-------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...

Group 1 - Wan Feng Ao Wei's stock price reached a historical high, increasing by 10.02% to 18.77 yuan, with a trading volume of 277 million shares and a transaction amount of 5.031 billion yuan, resulting in a turnover rate of 13.07% [1] - The latest total market capitalization of Wan Feng Ao Wei in A-shares is 39.854 billion yuan, with the same amount for its circulating market capitalization [1] - The overall automotive industry has seen a rise of 1.37%, with 216 stocks increasing in price, including Wan Feng Ao Wei and four others hitting the daily limit [1] Group 2 - Among the stocks that declined, Jun Chuang Technology, Jian Bang Technology, and Shun Yu Precision have seen significant drops of 10.77%, 9.67%, and 9.38% respectively [1] - As of October 21, the margin balance for Wan Feng Ao Wei is 1.588 billion yuan, with a financing balance of 1.579 billion yuan, reflecting an increase of 156 million yuan over the past 10 days, which is a 10.99% growth [1]

股票代码：002085 股票简称：万丰奥威 公告编号：2024-047 浙江万丰奥威汽轮股份有限公司 2024 年第三次临时股东大会决议公告 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。 重要提示： 1、本次股东大会无否决提案的情形； 2、本次股东大会不涉及变更以往股东大会已通过的决议。 一、会议召开情况 1、会议通知情况 公司董事会于2024年9月27日在《证券时报》及巨潮资讯网（www.cninfo.com.cn） 上披露了召开本次股东大会的会议通知和审议事项。 2、会议召开时间： 现场会议召开时间：2024年10月14日下午14:30 网络投票时间： （1）通过深圳证券交易所交易系统投票时间为：2024年10月14日上午9:15-9:25、 9:30-11:30、下午13:00-15:00。 （2）通过互联网投票系统投票的具体时间为：2024年10月14日上午9:15至下午 15:00。 3、现场会议召开地点：浙江省新昌县万丰科技园 4、会议召集人：公司董事会 5、会议方式：本次股东大会采取现场投票与网络投票相结合的方式 6、现场会议主持人：公司董事长 ...

国浩律师（杭州）事务所 关于浙江万丰奥威汽轮股份有限公司 2024 年第三次临时股东大会之 法 律 意 见 书 万丰奥威 2024 年第三次临时股东大会法律意见书 国浩律师（杭州）事务所 致：浙江万丰奥威汽轮股份有限公司（"贵公司"） （一）会议通知及公告 国浩律师（杭州）事务所（以下简称"本所"）接受贵公司的委托，指派本 所律师出席贵公司于 2024 年 10 月 14 日在浙江省新昌县万丰科技园召开的 2024 年第三次临时股东大会（以下简称"本次股东大会"），并依据《中华人民共和 国公司法》（以下简称"《公司法》"）、《上市公司股东大会规则》（以下简 称"《股东大会规则》"）、《深圳证券交易所上市公司股东大会网络投票实施 细则》（以下简称"《网络投票细则》"）等法律、行政法规、规范性文件及《浙 江万丰奥威汽轮股份有限公司章程》（以下简称"《公司章程》"）的规定，出 具本法律意见书。 为出具本法律意见书，本所律师对贵公司本次股东大会所涉及的有关事项进 行了审查，查阅了本所律师认为出具本法律意见书所必须查阅的文件，并对有关 问题进行了必要的核查和验证。 贵公司已向本所承诺：贵公司向本所律师所提供的文件和所作 ...

股票代码：002085 股票简称：万丰奥威 公告编号：2024-046 浙江万丰奥威汽轮股份有限公司 关于持股 5%以上股东持股比例变动达到 1%的公告 百年人寿于 2024 年 8 月 2 日至 2024 年 9 月 27 日通过集中竞价交易方式减持公 司股份 21,232,900 股，占公司总股本比例 1.00%，此次减持股份来源为从二级市场集 中竞价交易方式取得，不涉及减持预披露，此次减持符合《证券法》、《上市公司股东 减持股份管理暂行办法》等相关法律、法规及规范性文件的规定。 浙江万丰奥威汽轮股份有限公司（简称"公司"）于近日收到公司持股 5%以上 股东百年人寿保险股份有限公司（简称"百年人寿"）出具的《关于股东减持股份比 例达到 1%的告知函》，百年人寿合计持有本公司股份比例变动达到 1%，具体如下： 1、本次变动前，百年人寿合计持有本公司股份 167,078,370 股，占本次变动前公 司总股本 2,123,297,520 股的 7.87%。 2、百年人寿于 2024 年 8 月 2 日至 2024 年 9 月 27 日通过集中竞价交易方式减 持公司股份 21,232,900 股，占公司总股本比例 ...