Group 1: Financial Performance - In the first three quarters of 2024, the company reported a revenue of 2.857 billion CNY, a year-on-year decrease of 1.71% [3] - The net profit attributable to shareholders for the same period was 721 million CNY, reflecting a year-on-year increase of 6.11% [3] Group 2: Product Overview - The company's main business is divided into two segments: compressors and vacuum pumps [3] - Compressor products are further categorized into refrigeration and air compression products [3] Subgroup: Refrigeration Products - Refrigeration products include commercial central air conditioning compressors, frozen and refrigerated compressors, and heat pump compressors [3] - Commercial central air conditioning compressors are primarily used in supermarkets, energy-efficient buildings, and infrastructure projects [3] - Heat pump products are growing rapidly but currently have a low base, with future growth expected due to carbon policies and new product launches [3] Subgroup: Air Compression Products - Air compressors are mainly used in industries such as pharmaceuticals, chemicals, electronics, and mining [3] - The company is focusing on promoting high-end applications of oil-free compressors, which have higher added value compared to traditional oil-lubricated compressors [3] Subgroup: Vacuum Products - Vacuum products are primarily used in the photovoltaic and semiconductor industries, with significant applications in crystal pulling and battery cell processes [4] - The photovoltaic sector is currently under pressure, particularly in crystal pulling, while the battery cell segment is performing relatively better [4]

Group 1: Financial Performance - In the first three quarters of 2024, the company's revenue was 2.857 billion yuan, a year-on-year decrease of 1.71% [2] - The net profit attributable to shareholders was 721 million yuan, reflecting a year-on-year increase of 6.11% [2] Group 2: Product Overview - The company’s main business is divided into two segments: compressors and vacuum pumps [2] - Compressor products are further categorized into refrigeration and air compression products [2] Subgroup: Refrigeration Products - Refrigeration products include commercial central air conditioning compressors, refrigeration compressors, and heat pump compressors [2] - Commercial central air conditioning compressors are primarily used in supermarkets, energy-efficient buildings, and infrastructure projects [2] - Heat pump products are mainly focused on domestic industrial and commercial markets, with potential growth driven by carbon reduction policies [2] Subgroup: Air Compression Products - Air compressors are widely used in industries such as pharmaceuticals, chemicals, electronics, and mining [2] - The company is focusing on promoting high-end applications of oil-free air compressors, which have higher added value compared to traditional oil-lubricated models [2] Subgroup: Vacuum Products - Vacuum products are primarily used in the photovoltaic and semiconductor industries, with significant applications in crystal pulling and battery cell processes [4]

Group 1: Company Overview - The company reported a revenue of 2.857 billion CNY for the first three quarters of 2024, a year-on-year decrease of 1.71% [2] - The net profit attributable to shareholders for the same period was 721 million CNY, reflecting a year-on-year increase of 6.11% [2] Group 2: Product Segments Refrigeration Products - The refrigeration segment includes commercial central air conditioning compressors, frozen refrigeration compressors, and heat pump compressors [2] - Commercial central air conditioning compressors are primarily used in supermarkets, energy-efficient buildings, and infrastructure projects [2] - Frozen refrigeration compressors are widely applied in agricultural product preservation, seafood freezing, and food freezing tunnels [2] - Heat pump compressors are mainly utilized in large-scale projects such as residential heating and industrial boiler replacements, with a focus on the domestic industrial and commercial markets [2] Air Compression Products - The air compressor products are mainly used in industries such as engineering machinery, pharmaceuticals, chemicals, electronics, and mining [2] - The company is focusing on promoting high-end applications of oil-free air compressors, which have higher added value compared to traditional oil-lubricated compressors [2] Vacuum Products - The vacuum products are primarily used in the photovoltaic and semiconductor industries, with significant applications in crystal pulling and battery cell processes [3] - The photovoltaic sector is currently under pressure, particularly in the crystal pulling segment, while the battery cell segment is performing relatively better [3] - Semiconductor vacuum pumps are undergoing testing, focusing on semi-critical and critical processes [3] Group 3: Financial and Market Insights - The company experienced some foreign exchange gains in the first three quarters, but full-year projections remain uncertain [3] - Capital expenditures will be adjusted based on market demand conditions [3] Group 4: Investor Relations Activity - The investor relations activity included a strategy meeting with participation from various investment firms [2] - No undisclosed significant information was revealed during the activity [3]

Group 1: Financial Overview - In the first three quarters of 2024, the company reported a revenue of 2.857 billion yuan, a year-on-year decrease of 1.71% [2] - The net profit attributable to shareholders for the same period was 721 million yuan, reflecting a year-on-year increase of 6.11% [2] Group 2: Product Segments Refrigeration Products - The refrigeration segment includes commercial central air conditioning compressors, frozen refrigeration compressors, and heat pump compressors [2] - Commercial central air conditioning compressors are primarily used in supermarkets, energy-efficient buildings, and infrastructure projects [2] - Heat pump products are mainly utilized in domestic industrial and commercial markets, with growth potential driven by carbon reduction policies [2] Air Compression Products - The air compressor products are widely used in industries such as pharmaceuticals, chemicals, electronics, and mining [2] - The company is focusing on promoting high-end applications of oil-free compressors, which have higher added value compared to traditional oil-lubricated compressors [2] Vacuum Products - The vacuum products are primarily used in the photovoltaic and semiconductor industries, with significant applications in crystal pulling and battery cell processes [3] - The photovoltaic sector is currently facing pressure, particularly in the crystal pulling segment, while the battery cell segment is performing relatively better [3] Group 3: Future Outlook - The company anticipates that the heat pump products will become a key growth area, especially with the introduction of new products like steam heat pumps [2] - Capital expenditures will be adjusted based on market demand conditions [3]

Group 1: Financial Overview - In the first three quarters of 2024, the company reported revenue of 2.857 billion CNY, a year-on-year decrease of 1.71% [2] - The net profit attributable to shareholders for the same period was 721 million CNY, reflecting a year-on-year increase of 6.11% [2] Group 2: Product Segmentation - The company's main business is divided into two major segments: compressors and vacuum pumps [2] - Within the compressor segment, products are further categorized into refrigeration and air compression [2] Group 3: Refrigeration Products - Refrigeration products include commercial central air conditioning compressors, frozen and refrigerated compressors, and heat pump compressors [2] - Commercial central air conditioning compressors are primarily used in supermarkets, energy-efficient buildings, and infrastructure projects [2] - Heat pump products are mainly utilized in domestic heating and industrial boiler replacement projects, with a focus on the domestic industrial and commercial market [2] Group 4: Air Compression Products - Air compressors are primarily used in engineering machinery and have a wide range of downstream applications, including pharmaceuticals, chemicals, electronics, and mining [3] - The company is focusing on promoting high-end applications of oil-free air compressors, which have higher added value compared to oil-lubricated models [3] Group 5: Vacuum Products - The company's vacuum products are mainly used in the photovoltaic and semiconductor industries, particularly in crystal pulling and battery cell processes [3] - The photovoltaic sector is currently facing pressure, especially in crystal pulling, while the battery cell segment is performing relatively better [3] Group 6: Other Considerations - There were some foreign exchange gains in the first three quarters, but the full-year impact is currently unpredictable [3] - Capital expenditures will be adjusted based on market demand [3]

北京市东城区建国门内大街 26 号新闻大厦 7 层、8 层 电话：010-88004488/66090088 传真：010-66090016 邮编：100005 关于上海汉钟精机股份有限公司 2024 年第一次临时股东会的 法律意见书 国枫律股字[2024]A0594 号 致：上海汉钟精机股份有限公司（贵公司） 北京国枫律师事务所（以下简称"本所"）接受贵公司的委托，指派律师出 席并见证贵公司 2024 年第一次临时股东会（以下简称"本次会议"）。 本所律师根据《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》"）、《上市公司股东大会规则》 （以下简称"《股东大会规则》"）、《律师事务所从事证券法律业务管理办法》 （以下简称"《证券法律业务管理办法》"）、《律师事务所证券法律业务执业 规则（试行）》（以下简称"《证券法律业务执业规则》"）等相关法律、行政 法规、规章、规范性文件及《上海汉钟精机股份有限公司章程》（以下简称"《公 司章程》"）的规定，就本次会议的召集与召开程序、召集人资格、出席会议人 员资格、会议表决程序及表决结果等事宜，出具本法律意见书。 对本 ...

本公司及董事、监事、高级管理人员保证公告内容真实、准确和完整，公告不存在 虚假记载、误导性陈述或重大遗漏。 重要提示： 一、 会议召开情况 2024 年第一次临时股东会决议公告 证券代码：002158 证券简称：汉钟精机 公告编号：2024-038 上海汉钟精机股份有限公司 2024 年第一次临时股东会决议公告 1、 会议时间 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 12 月 6 日 9:15—9:25、9:30—11:30 和 13:00—15:00； 通过深圳证券交易所互联网投票系统投票的具体时间为 2024 年 12 月 6 日 9:15—15:00 期间的任意时间 2、 股权登记日 2024 年 11 月 29 日 3、 会议召开地点 上海市金山区枫泾镇建贡路 108 号 4、 会议召集人 公司董事会 5、 会议主持人 公司董事长余昱暄先生 1 本次股东会以现场投票与网络投票相结合的方式召开 本次股东会召开期间没有增加、否决或变更议案情况发生 本次股东会不涉及变更前次股东会已通过的决议 （1）现场会议时间：2024 年 12 月 6 日下午 15:30 （2）网络投票时间：2 ...

编号：2024-11-004 证券代码：002158 证券简称：汉钟精机 上海汉钟精机股份有限公司投资者关系活动记录表 | --- | --- | |-------------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...

Group 1: Company Overview - The company reported a revenue of 2.857 billion CNY for the first three quarters of 2024, a year-on-year decrease of 1.71% [2] - The net profit attributable to shareholders for the same period was 721 million CNY, showing a year-on-year increase [2] Group 2: Product Segments Refrigeration Products - The refrigeration segment includes commercial central air conditioning compressors, frozen refrigeration compressors, and heat pump compressors [2] - Commercial central air conditioning compressors are primarily used in supermarkets, energy-efficient buildings, and infrastructure projects [2] - Heat pump products are growing rapidly but currently have a low base impact; future growth is expected with the advancement of carbon policies and new product launches [2] Air Compression Products - Air compressors are mainly used in industries such as pharmaceuticals, chemicals, electronics, and mining [2] - The company is focusing on promoting high-end applications of oil-free compressors, which have higher added value compared to traditional oil-lubricated compressors [2] Vacuum Products - Vacuum products are primarily used in the photovoltaic and semiconductor industries, with significant applications in crystal pulling and battery cell processes [3] - The photovoltaic sector is currently under pressure, particularly in the crystal pulling segment, while the battery cell segment is performing relatively better [3] Group 3: Financial Insights - The company experienced some foreign exchange gains in the first three quarters, but full-year projections remain uncertain [3] - Capital expenditures will be adjusted based on market demand [3] Group 4: Investor Relations Activity - The investor relations activity included specific object research, site visits, and online communication [2] - Participants included various financial institutions such as Huachuang Securities and Yuanfeng Fund [2]

Investment Rating - The report assigns an "Accumulate" rating for the company, marking its first coverage [10]. Core Insights - The company, Hanzhong Precision Machinery, reported a revenue of 2.857 billion yuan for the first three quarters of 2024, reflecting a year-on-year decrease of 1.71%. However, the net profit attributable to shareholders increased by 6.11% to 721 million yuan [12]. - The company's compressor business shows steady growth, while the photovoltaic vacuum pump segment is experiencing short-term pressure due to a slowdown in downstream expansion [12][13]. - The report anticipates revenue growth for the company from 2024 to 2026, with projected revenues of 3.892 billion yuan, 3.984 billion yuan, and 4.350 billion yuan, respectively [14]. Financial Performance Summary - For Q3 2024, the company achieved a revenue of 1.022 billion yuan, down 10% year-on-year and 6% quarter-on-quarter. The net profit for the same period was 271 million yuan, a decrease of 14% year-on-year and 11% quarter-on-quarter [12]. - The gross margin for the first three quarters was 40.74%, an increase of 0.67 percentage points year-on-year, while the net margin was 25.32%, up 1.88 percentage points year-on-year [12]. - The company’s earnings per share (EPS) for 2024 is projected to be 1.67 yuan, with a price-to-earnings (P/E) ratio of 11.21 [14][16]. Business Segment Analysis - The refrigeration compressor business is primarily used in commercial central air conditioning, refrigeration, and heat pump applications, showing stable growth despite some pressure from the real estate market [13]. - The air compressor segment has significant potential for equipment upgrades in the domestic market, which could provide new growth opportunities for the company [13]. - The photovoltaic vacuum pump business is under pressure due to a slowdown in the photovoltaic industry, but the semiconductor vacuum pump segment is gradually advancing towards import substitution [13]. Earnings Forecast and Valuation - The forecast for the company's net profit for 2024, 2025, and 2026 is 893 million yuan, 911 million yuan, and 1.006 billion yuan, respectively, indicating a growth rate of 3.25%, 2.04%, and 10.37% [14]. - The report provides a valuation with projected P/E ratios of 11.21, 10.99, and 9.96 for the years 2024, 2025, and 2026 [14].