烟台民士达特种纸业股份有限公司舆情管理制度 证券代码：833394 证券简称：民士达 公告编号：2025-006 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、 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 带法律责任。 一、 审议及表决情况 本制度于 2025 年 1 月 21 日经公司第六届董事会第六次会议审议通过，无需 提交股东大会审议。 二、 制度的主要内容，分章节列示： 第一章 总则 第一条 为了提高烟台民士达特种纸业股份有限公司（以下简称"公司"） 应对各类舆情的能力，建立快速反应和应急处置机制，充分发挥网络互动优势， 正确把握和引导网络舆论导向，及时、妥善处理各类舆情对公司股价、商业信誉 及正常生产经营活动造成的影响，切实保护投资者合法权益，根据《北京证券交 易所股票上市规则（试行）》等相关法律法规、规范性文件和《公司章程》，特制 定本制度。 第二条 本制度所称舆情包括： （一）报刊、电视、网络等媒体对公司进行的不实报道、负面报道； （二）社会上存在的已经或将给公司造成不良影响的传言或信息； （三）可能或者已经影响社会公众投资者投资取向，造成股价异 ...

证券代码：833394 证券简称：民士达 公告编号：2025-007 烟台民士达特种纸业股份有限公司 关于召开 2025 年第一次临时股东大会通知公告（提供网络投票） 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、 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 带法律责任。 一、会议召开基本情况 （一）股东大会届次 本次会议为 2025 年第一次临时股东大会。 （二）召集人 （五）会议召开日期和时间 1、现场会议召开时间：2025 年 2 月 11 日 14：00。 2、网络投票起止时间：2025 年 2 月 10 日 15:00—2025 年 2 月 11 日 15:00。 登记在册的股东可通过中国证券登记结算有限责任公司（以下简称"中国结 算"）持有人大会网络投票系统对有关议案进行投票表决，为有利于投票意见的 顺利提交，请拟参加网络投票的投资者在上述时间内及早登录中国结算网上营业 厅（网址：inv.chinaclear.cn）或关注中国结算官方微信公众号（"中国结算营 业厅"）提交投票意见。 投资者首次登陆中国结算网站进行投票的，需要首先进行身份认证。请投资 ...

中泰证券股份有限公司 关于烟台民士达特种纸业股份有限公司 预计 2025 年度日常性关联交易的核查意见 中泰证券股份有限公司（以下简称"中泰证券"或"保荐机构"）作为烟台民士 达特种纸业股份有限公司（以下简称"民士达"或"公司"）向不特定合格投资者公 开发行股票并在北京证券交易所上市的保荐机构，根据《证券发行上市保荐业务 管理办法》《北京证券交易所股票上市规则（试行）》《北京证券交易所上市公司 持续监管办法（试行）》《北京证券交易所证券发行上市保荐业务管理细则》等相 关法律、法规和规范性文件的规定，对民士达预计 2025 年度日常性关联交易的 事项进行了核查，具体情况如下： 一、关联交易基本情况 2、泰和新材（烟台）能源发展有限公司 | 关联方名称 | 泰和新材（烟台）能源发展有限公司 | | --- | --- | | 企业类型 | 有限责任公司（非自然人投资或控股的法人独资） | | 住所 | 山东省烟台市经济技术开发区大季家街道太原路 号动力车 1 | | | 间二 | | 法定代表人 | 张健榕 | | 成立日期 | 2024-03-11 | | 注册资本 | 10,000 万人民币 | | 主营业务 ...

Investment Rating - The investment rating for the company is "Buy" (maintained) [1] Core Views - The company is expected to achieve a net profit attributable to shareholders of 98 million to 118 million yuan in 2024, representing a year-on-year increase of 20.05% to 44.55% [3] - The revenue for the first three quarters of 2024 is projected to be 282 million yuan, with a year-on-year growth of 9.10% [3] - The company is benefiting from increased demand in various downstream applications, particularly in aerospace, rail transportation, and the booming electric vehicle sector [4] - The company is expected to release production capacity, which will contribute to performance growth, with net profits forecasted for 2024-2026 at 109 million, 127 million, and 156 million yuan respectively [3][6] Financial Summary - The total revenue for 2024 is estimated at 425 million yuan, with a year-on-year growth of 24.9% [6] - The gross profit margin is expected to improve to 37.0% in 2024, while the net profit margin is projected at 25.6% [6] - Earnings per share (EPS) are forecasted to be 0.75 yuan in 2024, increasing to 1.07 yuan by 2026 [6] - The price-to-earnings (P/E) ratio is expected to decrease from 30.6 in 2024 to 21.4 in 2026, indicating a more attractive valuation over time [6] Production and Market Expansion - The company’s B/C production lines are expected to operate at full capacity in Q4 2024, driven by strong demand in downstream applications [4] - The company is actively participating in global exhibitions and collaborating with industry leaders to enhance market presence and share [4] - The company is advancing its 300-ton flash-spun nonwoven fabric pilot line, with plans for a 1500-ton production line to be completed by mid-2025 [5]

本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假 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 担个别及连带法律责任。 一、 投资者关系活动类别 √特定对象调研 □现场参观 □新闻发布会 □分析师会议 证券代码：833394 证券简称：民士达 公告编号：2025-003 烟台民士达特种纸业股份有限公司 投资者关系活动记录表 二、 投资者关系活动情况 活动时间：2025 年 1 月 14 日至 2025 年 1 月 15 日 活动地点：线上调研 参会单位及人员：浙商证券、新华养老保险股份有限公司、中欧基金、上海 弘尚资产管理有限公司、磐厚动量(上海)资本管理有限公司、华杉投资、浦银安 盛基金管理有限公司、上海冰河资产管理有限公司、上海鼎汇通股权投资管理有 限公司、海南贝盈私募基金管理有限公司、招商基金管理有限公司、建信保险资 产管理有限公司、国投证券、中山证券、湘财证券、中信建投基金管理有限公司、 国联证券、东北证券、国泰君安证券股份有限公司、巨鹿投资、博道基金管理有 限公司、贝寅资本、华夏基金、大成基金、中邮基金、鑫疆投资、首创证券、中 □业绩说明会 □媒体采访 泰证券、国 ...

Investment Rating - The report maintains a "Buy" rating for the company [2][7]. Core Insights - The company reported better-than-expected performance for Q4 2024, with a projected net profit of 27.26-47.26 million yuan, representing a year-on-year growth of 54.0-166.9% [7]. - The growth in honeycomb core materials continues, driven by rapid developments in aerospace and rail transportation, with a projected increase of over 60% in the domestic honeycomb core materials sector for the first three quarters of 2024 [7]. - The company is expected to achieve significant growth in the traditional electrical insulation sector due to the upgrade of power grids in Europe and the U.S., which will increase demand for transformers and, consequently, for aramid paper [7]. Financial Data and Profit Forecast - Total revenue is projected to grow from 340 million yuan in 2023 to 660 million yuan by 2026, with a compound annual growth rate (CAGR) of approximately 25.4% [6][9]. - The net profit attributable to the parent company is expected to increase from 82 million yuan in 2023 to 174 million yuan in 2026, reflecting a CAGR of about 30.0% [6][9]. - The company's gross margin is anticipated to improve from 34.0% in 2023 to 41.8% in 2026, indicating enhanced operational efficiency [6][9].

Investment Rating - The report maintains a "Recommended" investment rating for the company Minshida (833394.BJ) [1] Core Insights - The company is expected to see a significant increase in net profit for 2024, with a projected growth of 41.43% to 57.69% for its net profit excluding non-recurring items [3] - The growth drivers for 2025 are identified as the honeycomb core materials and the ongoing domestic substitution of aramid paper [3] - The company is enhancing its market influence and share through global exhibitions and partnerships with leading enterprises [3] Financial Performance Summary - The company forecasts a revenue of 414 million yuan for 2024, representing a growth rate of 21.60% compared to 2023 [4] - The projected net profit for 2024 is between 108 million and 129 million yuan, with a year-on-year growth of 31.99% [4] - The gross profit margin is expected to improve to 37.92% in 2024, up from 34.00% in 2023 [9] Future Outlook - The new production line for aramid paper is expected to be operational by mid-2025, which will enhance the company's market share amid rising domestic demand [3] - The company is also preparing for the industrialization of a new product, flash-spun nonwoven fabric, which has a broad market potential in various sectors [3] - The projected net profit for 2025 is estimated to be between 129 million and 149 million yuan, with a growth rate of 20.01% [4]

Group 1: Investor Relations Activity Overview - The investor relations activity was an online meeting held on January 2, 2025 [3] - Attendees included various securities firms and asset management companies, such as Huayuan Securities and Sequoia Capital [3][4] - Company representatives included the board secretary and a securities specialist [4] Group 2: Production and Sales Performance - In Q4 2024, the company expects full production capacity, with A line currently limited in efficiency due to width constraints [5] - B and C lines are focused on fulfilling regular customer orders, with full production anticipated in Q4 2024 [5] Group 3: Growth Opportunities - The growth in the aramid paper business for 2025 is expected to come from the honeycomb core material sector and expansion into new application areas [6] - The company aims to replace foreign competitors in the aramid paper market [6] Group 4: Overseas Market Recovery - The overseas business is recovering well in the second half of 2024, with ongoing issues in the Russian payment sector [6] - Anticipated recovery in the overseas market for 2025 due to the establishment of a Hong Kong subsidiary and VTB Bank account [6] Group 5: New Product Development - The pilot line for flash-spun nonwoven fabric has produced products, with ongoing evaluations for industrialization based on market demand and technical feasibility [7] - The RO membrane substrate project is progressing quickly, with plans for industrialization to begin in 2025 [7]

证券代码：833394 证券简称：民士达 公告编号：2024-084 烟台民士达特种纸业股份有限公司 2024 年第一次临时股东大会决议公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、 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 带法律责任。 一、会议召开和出席情况 （一）会议召开情况 1.会议召开时间：2024 年 12 月 18 日 2.会议召开地点：烟台经济技术开发区太原路 3 号民士达会议室 3.会议召开方式：现场投票和网络投票相结合的方式 本次会议的召集、召开、议案审议程序均符合有关法律、行政法规、部门规 章、规范性文件和《公司章程》的规定。 （二）会议出席情况 出席和授权出席本次股东大会的股东共 3 人，持有表决权的股份总数 98,296,450 股，占公司有表决权股份总数的 67.2112%。 其中通过网络投票参与本次股东大会的股东共 1 人，持有表决权的股份总数 200 股，占公司有表决权股份总数的 0.0001%。 （三）公司董事、监事、高级管理人员出席或列席股东大会情况 1.公司在任董事 9 人，出席 9 人； 2.公司在任监事 3 人 ...

北京市中伦律师事务所 关于烟台民士达特种纸业股份有限公司 2024 年第一次临时股东大会的 法律意见书 二〇二四年十二月 致：烟台民士达特种纸业股份有限公司（"公司"） 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》"）、《律师事务所从事证券法律业务管理办法》（以 下简称"《从业办法》"），以及《烟台民士达特种纸业股份有限公司章程》（以下 简称"公司章程"）等有关规定，北京市中伦律师事务所（以下简称"本所"）指 派律师出席公司 2024 年第一次临时股东大会（以下简称"本次股东大会"），并 出具本法律意见书。 本所律师已经按照《从业办法》的要求对公司本次股东大会的真实性、合法 性进行核查和验证（以下简称"查验"）并发表法律意见；本法律意见书中不存 在虚假、严重误导性陈述及重大遗漏。 本所律师同意将本法律意见书随公司本次股东大会的其他信息披露资料一 并予以公告，并依法对本法律意见书承担相应的责任。本法律意见书仅供公司本 次股东大会之目的使用，不得用于其他任何目的。 本所律师根据《从业办法》的要求，按照律师行业公认的业务标准、道德规 -1- 北京 • 上海 ...