证券代码：300445 证券简称：康斯特 北京康斯特仪表科技股份有限公司投资者关系活动记录表 编号：20250522 投资者关系活 动类别 ■特定对象调研 □分析师会议 □媒体采访 □业绩说明会 □新闻发布会 □路演活动 ■现场参观 □其他 （） 参与单位名称 及人员姓名 中信建投证券、开源证券、浙商证券、金泰资本 （以上排名不分先后） 时间 2025-5-22 地点 延庆智能仪表产业园 上市公司接待 人员姓名 刘楠楠 董事会秘书 李 广证券事务代表 投资者关系活 动主要内容 交流关键词 关税影响与应对策略、海外市场拓展、成本优化、现金流、下游行业 应用、产能释放、管理层与战略规划 校准与测试业务 （1） 公司下游行业应用占比及拓展方向 答：国内下游前几大行业占比超 85%，依次是计量检测、电力、冶 金机械装备、石化、仪表及传感器制造；国外则依次是石化、生物医 药、电力、计量检测。 （2） 产品定价策略及竞争力 答：定位中高端市场，价格与国外友商在同一价格带内，部分核 心产品定价会更高。核心竞争力源于研发投入及产品独创性，目前国 外每年提价已常态化，这一策略已很好地抵消了部分前期的关税影响。 （3） 产能利用 ...

金十数据5月20日讯，康斯特在互动平台表示，日内瓦经贸会后，美国区域市场的订单正在逐步恢复， 公司也会对关税政策持续保持高度关注。 康斯特：美国区域市场订单逐步恢复 ...

Core Viewpoint - The company demonstrates steady performance in its financial results for 2024 and Q1 2025, with a focus on high-quality development amidst global economic changes [1][4]. Financial Performance - For the year 2024, the company achieved operating revenue of 575 million, a year-on-year increase of 15.48% - The net profit attributable to shareholders reached 125 million, up 23.07% - The net profit after deducting non-recurring items was 115 million, reflecting an 18.48% increase - Basic earnings per share (EPS) stood at 0.59, a growth of 22.92% [1] - In Q1 2025, the company reported revenue of 111 million, a year-on-year increase of 3.57% - The net profit attributable to shareholders was 22.18 million, a decline of 12.39% - The net profit after deducting non-recurring items was 20.76 million, down 8.08% - Basic EPS for Q1 2025 was 0.10, a decrease of 16.67% [1] Business Development - The company is adapting to global economic changes by focusing on "product acceleration and scenario deepening" for high-quality development [1] - The calibration testing business is entering its third decade, providing comprehensive solutions for pressure, temperature, humidity, and electrical testing instruments, with applications in various industries [1] - The digital platform business is in its first decade, offering integrated testing platforms and smart measurement solutions, while integrating testing technology with industrial IoT [2] Sensor Technology - The company has over 20 years of experience in sensor evaluation and compensation algorithms, leading to a competitive edge in the sensor industry [3] - The pressure sensors based on silicon piezoresistive technology have achieved performance metrics better than 0.01% F.S [3] - The high-precision sensor business is also in its first decade, aiming to meet industrial users' demands for wide range and high precision [3] Investment Outlook - The company is expected to see long-term growth, with revised revenue forecasts for 2025-2027 at 665 million, 770 million, and 892 million respectively [4] - Projected net profits for the same period are 158 million, 187 million, and 221 million respectively [4] - Corresponding EPS estimates for 2025-2027 are 0.74, 0.88, and 1.04 [4] - The current stock price corresponds to a PE ratio of 23, 20, and 16 for the years 2025-2027, maintaining a "buy" investment rating [4]

Investment Rating - The investment rating for the company is "Buy" (maintained) [1] Core Views - The company has demonstrated stable performance, with a 2024 annual revenue of 575 million yuan, representing a year-on-year growth of 15.48%. The net profit attributable to shareholders reached 125 million yuan, up 23.07% year-on-year [5][8] - In Q1 2025, the company achieved a revenue of 111 million yuan, a year-on-year increase of 3.57%, while the net profit attributable to shareholders decreased by 12.39% to 22.18 million yuan [5] - The calibration testing products are evolving, and the digital platform business is providing growth momentum, with applications expanding into various sectors including biomedicine and new energy [6][7] Financial Performance Summary - The company forecasts revenues of 665 million yuan, 770 million yuan, and 892 million yuan for 2025, 2026, and 2027 respectively, with corresponding net profits of 158 million yuan, 187 million yuan, and 221 million yuan [8][11] - The projected EPS for 2025, 2026, and 2027 is 0.74 yuan, 0.88 yuan, and 1.04 yuan respectively, with a current P/E ratio of 23, 20, and 16 for the respective years [8][11] - The gross margin is expected to improve from 64.7% in 2024 to 69.5% in 2027, indicating enhanced profitability [11][12]

证券代码：300445 证券简称：康斯特 公告编号：2025-025 北京康斯特仪表科技股份有限公司 2024 年年度权益分派实施公告 本公司及董事会全体成员保证信息披露内容的真实、准确和 完整，没有虚假记载、误导性陈述或重大遗漏。 北京康斯特仪表科技股份有限公司，2024年年度权益分派方案已获2025年4 月21日召开的2024年度股东大会审议通过，本次实施权益分派方案距离股东大 会审议通过的时间未超过两个月，现将权益分派事宜公告如下： 三、 股权登记日与除权除息日 本次权益分派股权登记日为：2025年5月15日，除权除息日为：2025年5月 16日。 四、 权益分派对象 一、 股东大会审议通过的权益分派方案情况 1. 公司2024年度股东大会审议通过的权益分配方案为：以2024年12月31日 公司总股本212,430,013股为基数，向全体股东每10股派发现金股利人民币0.90 元(含税) ，合计派发现金19,118,701.17元(含税)，不送红股，不进行资本公积转 增股本，剩余未分配利润结转下一年度。若审议利润分配方案后至实施前，公 司股本发生变动的，将按照分配总额不变的原则对分配比例进行调整。 2. ...

证券代码：300445 证券简称：康斯特 公告编号：2024-023 北京康斯特仪表科技股份有限公司 经审议，监事会一致认为：公司 2025 年第一季度报告符合法律、行政法规、 中国证监会和深圳证券交易所的相关规定，报告内容真实、准确，完整，不存在 任何虚假记载、误导性陈述或者重大遗漏。我们同意公司对外报出。 表决结果：3 票同意，0 票反对，0 票弃权，获得通过。 三、备查文件 1. 北京康斯特仪表科技股份有限公司第六届监事会第九次会议决议； 2. 深交所要求的其他文件。 第六届监事会第九次会议决议公告 本公司及监事会全体成员保证信息披露内容的真实、准确、完整，没有 虚假记载、误导性陈述或重大遗漏。 一、监事会会议召开情况 北京康斯特仪表科技股份有限公司（以下简称"公司"）于 2025 年 4 月 18 日 以电子邮件、传真等形式通知了全体监事，召开第六届监事会第九次会议。会议 于 2025 年 4 月 28 日在北京市海淀区丰秀中路 3 号院 5 号楼公司会议室召开。本 次监事会应出席会议的监事 3 人，实际出席监事 3 人，会议由监事会主席李俊平 先生主持。会议召集、召开符合《中华人民共和国公司法》及《 ...

Financial Performance - The company's basic earnings per share for Q1 2025 is CNY 0.1000, a decrease of 16.67% compared to Q1 2024's CNY 0.1200 [1] - The net profit for Q1 2025 is CNY 0.22 billion, down 12% from CNY 0.25 billion in Q1 2024 [1] - The return on equity (ROE) for Q1 2025 is 1.84%, a decline of 20.35% from 2.31% in Q1 2024 [1] - The company's total revenue for Q1 2025 is CNY 1.11 billion, reflecting a 3.74% increase from CNY 1.07 billion in Q1 2024 [1] - The net assets per share increased to CNY 5.73, up 9.56% from CNY 5.23 in Q1 2024 [1] Shareholder Structure - The top ten unrestricted shareholders hold a total of 55.6282 million shares, accounting for 39.16% of the circulating shares, with an increase of 3.935 million shares compared to the previous period [1] - The largest shareholder, Pujiang Chuan, holds 19.4877 million shares, representing 13.72% of the total share capital, with no change in holdings [2] - New entrant in the top ten shareholders is Zhong Ge, holding 6.1 million shares, which is 4.29% of the total [2] - Yang Haiou has exited the top ten shareholders list [2] Dividend Policy - The company has announced that it will not distribute dividends or transfer shares this time [3]

证券代码：300445 证券简称：康斯特 公告编号：2025-022 北京康斯特仪表科技股份有限公司 第六届董事会第九次会议决议公告 本公司及董事会全体成员保证信息披露内容的真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 一、董事会会议召开情况 北京康斯特仪表科技股份有限公司（以下简称"公司"、"本公司"或"康斯特"） 经全体董事同意，于 2025 年 4 月 18 日以电子邮件、传真等形式通知了全体董事， 召开第六届董事会第九次会议。会议于 2025 年 4 月 28 日以现场和通讯的方式在 公司会议室召开，会议应参会的董事 8 人，其中独立董事 3 人；实际参会的董事 8 人（其中董事赵明坚先生、独立董事李静女士及独立董事赵天庆先生以通讯方 式出席会议）。会议由董事长姜维利先生主持，本公司监事、高级管理人员列席 了会议。本次董事会的召集和召开符合《中华人民共和国公司法》和公司章程的 规定。经出席会议的全体董事表决，形成决议如下： 二、董事会会议审议情况 表决结果：8 票赞成，0 票反对，0 票弃权获得通过。 2. 审议通过了《公司第六届董事会审计委员会2025年第一季度审计工作报告》 经审议，董 ...

Financial Performance - The company achieved revenue of CNY 111.12 million in Q1 2025, representing a year-on-year increase of 3.57%[5] - Net profit attributable to shareholders was CNY 22.18 million, a decrease of 12.39% compared to the same period last year[5] - Domestic market revenue reached CNY 50.49 million, up 7.3% year-on-year, driven by a strong start to the domestic economy[12] - International market revenue was CNY 60.64 million, a slight increase of 0.7%, affected by uncertainties from U.S. tariff policies[12] - Total operating revenue for the current period reached ¥111,122,413.50, an increase of 3.4% compared to ¥107,289,043.48 in the previous period[22] - Net profit for the current period was ¥21,326,674.04, a decrease of 14.0% from ¥25,010,594.70 in the previous period[23] - Earnings per share (EPS) for the current period was ¥0.10, down from ¥0.12 in the previous period[24] Cash Flow and Liquidity - The net cash flow from operating activities increased by 44.85% to CNY 30.53 million[5] - The net cash flow from operating activities was $30,534,322.56, an increase of 44.7% compared to $21,080,615.17 in the previous period[27] - Cash flow from operating activities increased to ¥138,704,996.51, compared to ¥120,435,367.34 in the previous period, representing a growth of 15.1%[26] - The total cash inflow from operating activities was $148,138,230.20, up from $131,148,341.40 in the previous period[27] - The total cash outflow from operating activities was $117,603,907.64, an increase from $110,067,726.23 in the previous period[27] - The cash and cash equivalents at the end of the period were $292,601,239.21, an increase from $182,466,579.48 in the previous period[27] Expenses and Costs - The gross profit margin improved to 64.32%, an increase of 0.4% year-on-year, due to a higher proportion of high-value orders[13] - R&D expenses rose by 19.7% to CNY 18.17 million, reflecting increased investment in sensor projects and personnel costs[13] - Management expenses increased by 19.3% to CNY 14.34 million, primarily due to rising personnel costs and digital management system upgrades[14] - Total operating costs amounted to ¥91,440,525.67, up from ¥83,732,660.22, reflecting a year-over-year increase of 9.8%[22] Shareholder Information - Total number of common shareholders at the end of the reporting period is 13,469[16] - The largest shareholder, Jiang Weili, holds 16.04% of shares, totaling 34,081,040 shares[16] Asset and Liability Management - The company's cash and cash equivalents decreased to ¥292,601,239.21 from ¥343,019,686.22, a decline of approximately 14.7%[19] - Trade financial assets increased significantly to ¥151,014,633.65 from ¥80,091,965.66, representing an increase of 88.5%[19] - Accounts receivable decreased to ¥76,310,831.04 from ¥110,653,353.61, a decline of about 30.9%[19] - Inventory increased to ¥148,030,051.96 from ¥141,374,701.34, an increase of approximately 4.7%[20] - Current assets totaled ¥707,261,136.13, slightly down from ¥714,084,802.91, a decrease of about 1.0%[20] - Non-current assets decreased to ¥611,621,054.98 from ¥620,053,722.18, a decline of approximately 1.4%[20] - Total assets amounted to ¥1,318,882,191.11, down from ¥1,334,138,525.09, a decrease of about 1.1%[20] - Accounts payable decreased to ¥16,876,603.57 from ¥17,524,201.51, a decline of approximately 3.7%[20] - Total liabilities decreased to ¥87,782,514.26 from ¥124,939,166.59, indicating a reduction of 29.8%[21] - Total equity attributable to shareholders increased to ¥1,217,821,842.61 from ¥1,195,065,907.77, reflecting a growth of 1.9%[21] Other Financial Information - The company incurred CNY 7.51 million in U.S. trade tariffs and freight, an increase of 8.2% as tariff rates rose from 25% to 45%[14] - Other comprehensive income after tax for the current period was -¥208,120.86, compared to ¥139,164.38 in the previous period[24] - The impact of exchange rate changes on cash and cash equivalents was $12,619,806.83, compared to a negative impact of $1,546,599.96 in the previous period[27] - The company did not undergo an audit for the first quarter report[28] - The company will implement new accounting standards starting in 2025, which may affect financial reporting[29]

2024 年度股东会的法律意见 京天股字（2025）第 126 号 致：北京康斯特仪表科技股份有限公司 北京康斯特仪表科技股份有限公司（以下简称"公司"）2024 年度股东会（以下 简称"本次股东会"）采取现场投票与网络投票相结合的方式，现场会议于 2025 年 4 月 21 日在北京市海淀区丰秀中路 3 号院 5 号楼公司会议室召开。北京市天元律 师事务所（以下简称"本所"）接受公司聘任，指派本所律师参加本次股东会现场会 议，并根据《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》"）、《上市公司股东会规则》（以下简称"《股东会规 则》"）以及《北京康斯特仪表科技股份有限公司章程》（以下简称"《公司章程》"） 等有关规定，就本次股东会的召集、召开程序、出席现场会议人员的资格、召集人 资格、会议表决程序及表决结果等事项出具本法律意见。 北京市天元律师事务所 关于北京康斯特仪表科技股份有限公司 为出具本法律意见，本所律师审查了《北京康斯特仪表科技股份有限公司第六 届董事会第八次会议决议公告》《北京康斯特仪表科技股份有限公司第六届监事会 第八次会议决议公告》《北京 ...