证券代码：833394 证券简称：民士达 公告编号：2024-082 烟台民士达特种纸业股份有限公司 拟续聘 2024 年度会计师事务所公告 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。 涉及会计师事务所提供的资料、信息，会计师事务所保证其提供、报送或披 露的资料、信息真实、准确、完整，不得有虚假记载、误导性陈述或者重大遗漏。 重要内容提示： 拟聘任的会计师事务所：信永中和会计师事务所（特殊普通合伙） 服务及收费情况：信永中和会计师事务所（特殊普通合伙）已为公司提供 9 年审计服务，上期审计收费 40 万元，本期审计收费 45 万元 一、拟续聘会计师事务所的基本情况 （一）机构信息 公司拟聘任信永中和会计师事务所（特殊普通合伙）为 2024 年年度的审计 机构。 1.基本信息 会计师事务所名称：信永中和会计师事务所（特殊普通合伙） 成立日期：2012 年 3 月 2 日 组织形式：特殊普通合伙 注册地址：北京市东城区朝阳门北大街 8 号富华大厦 A 座 8 层 首席合伙人：谭小青先生 2023 年度末 ...

| 日期 | 代码 | 简称 | 成交数量（股） | 成交金额（万元） | 披露原因 | | --- | --- | --- | --- | --- | --- | | 2024-10- | | | | | 异常期间涨跌幅偏离值累计 | | 28 | 834770 | 艾能聚 | 63581946.0 | 120946.63 | 达到67.92% | | 2024-10- | 834765 | 美之高 | 14459310.0 | 18813.71 | 异常期间涨跌幅偏离值累计 | | 28 | | | | | 达到67.90% | | 2024-10- | 870204 | 沪江材料 | 35127623.0 | 46534.37 | 异常期间涨跌幅偏离值累计 | | 28 | | | | | 达到57.83% | | 2024-10- | 836149 | 旭杰科技 | 48293197.0 | 88866.53 | 异常期间涨跌幅偏离值累计 | | 28 | | | | | 达到55.71% | | 2024-10- | 831305 | 海希通讯 | 54800757.0 | 113646.04 | ...

| | 公告日期 2024-10-28 异常期间 | | 无 | | | | --- | --- | --- | --- | --- | --- | | | 民士达(833394) 连续竞价 （股） | 成交数量 | 20522309.0 | 成交金额（万 元） | 56063.16 | | | 涉及事项 当日换手率达到20%的前5只股票 | | | | | | 买/卖 | 营业部或交易单元名称 | | | 买入金额（元） | 卖出金额（元） | | 买1 | 东方财富证券股份有限公司拉萨东环路第二证券营业部 | | | 10519711.34 | 8356135.39 | | 买2 | 财信证券股份有限公司杭州西湖国贸中心证券营业部 | | | 10144961.97 | 0 | | 买3 | 东方财富证券股份有限公司拉萨团结路第二证券营业部 | | | 8447612.08 | 4203209.47 | | 买4 | 东方财富证券股份有限公司拉萨团结路第一证券营业部 | | | 8367811.94 | 2882813.76 | | 买5 | 东方财富证券股份有限公司山南香曲东路证券营业部 | | | 8 ...

Investment Rating - The investment rating for the company is "Buy" [1] Core Views - The company achieved its best quarterly performance in Q3 2024, with revenue of 0.96 billion yuan, a year-on-year increase of 13.69% [1] - The company is a significant global supplier of aramid paper, having broken foreign technology monopolies, and has expanded its market presence in Europe, America, and Asia [1][5] - The company has seen a steady increase in sales in the aviation sector, contributing to a revenue of 2.82 billion yuan for the first three quarters of 2024, up 9.10% year-on-year [1] - Cost control measures have been effective, with total expenses decreasing by 23.46% year-on-year, while R&D investment has increased by 25.33% [1][5] Summary by Sections Financial Performance - For Q1-Q3 2024, the company reported revenue of 2.82 billion yuan (+9.10%) and a net profit of 0.71 billion yuan (+10.66%) [1] - In Q3 2024, the company achieved revenue of 0.96 billion yuan, with a net profit of 0.26 billion yuan, marking a year-on-year increase of 10.63% [1] - The gross margin for Q3 2024 was 37.44%, an increase of 3.74 percentage points year-on-year [1] Market Position and Growth - The company is positioned as a leader in the domestic aramid paper market, having surpassed DuPont's monopoly [5] - The demand for aramid paper is expected to grow significantly due to its applications in emerging sectors such as new energy vehicles and 5G communications [5] - The company is actively developing new products, including flash-spun non-woven fabrics and carbon fiber heating paper, to create a second growth curve [5][7] Future Projections - Revenue projections for 2024-2026 are 4.00 billion yuan, 4.90 billion yuan, and 5.86 billion yuan, respectively, with net profits of 1.01 billion yuan, 1.22 billion yuan, and 1.47 billion yuan [7]

证券代码：833394 证券简称：民士达 公告编号：2024-080 烟台民士达特种纸业股份有限公司股票解除限售公告 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、本次股票解除限售数量总额为 5,165,000 股，占公司总股本 3.53%，可交易 时间为 2024 年 10 月 28 日。 二、本次股票解除限售的明细情况及原因 单位：股 | 序 | 股东姓名 | 是否为控股 股东、实际 | 董事、监 事、高级 | 本次解限 | 本次解除 | 本次解除 限售股数 | 尚未解除 | | --- | --- | --- | --- | --- | --- | --- | --- | | 号 | 或名称 | | | | 限售登记 | | 限售的股 | | | | 控制人或其 | 管理人员 | 售原因 | 股票数量 | 占公司总 | 票数量 | | | | 一致行动人 | 任职情况 | | | 股本比例 | | | 1 | 王志新 | 否 | 原董事长 | B | 5,165,000 | 3.53% | ...

Group 1: Performance Highlights - The main growth drivers for the first three quarters are the increase in shipments in the new energy vehicle sector, which grew over 20% year-on-year, and the domestic honeycomb core material sector, which grew over 60% year-on-year [4] - Profit growth outpaced revenue growth due to optimized sales structure and an increase in the proportion of high-value-added aramid paper shipments [4] - The average price and gross profit of products have seen a certain increase, attributed to the higher proportion of high-value-added products [5] Group 2: Financial Insights - The net cash flow from operating activities fluctuated significantly due to reduced bank acceptance payments and an increase in self-owned bank deposits used for payments [5] - Government subsidies received this period decreased compared to the same period last year [5] Group 3: Market and Export Performance - The Asia-Pacific region has recovered, and it is expected to return to normal in Q4, while payment issues in the Russian-speaking region are still being resolved [5] - The decline in overseas markets has significantly narrowed due to growth in the European, African, and American regions [5] Group 4: Project Updates - The construction of the factory has been completed, with ongoing renovations and equipment installations, expected to be operational by mid-2025 [6] - The flash-spun non-woven fabric is in demand across various sectors, with significant market potential, although foreign competitors hold over 90% market share [7] Group 5: Product Development - The aramid paper is primarily used in components for new energy vehicles, with stable pricing for pure aramid paper and a slight decrease in prices for composite materials [8] - Multiple projects in the civil aviation market are currently in testing or trial phases, progressing as expected [9] Group 6: Subsidiary Performance - Compared to the previous two quarters, subsidiary revenues have steadily increased, and losses have narrowed, with further improvements expected in Q4 due to stable order deliveries in the new energy vehicle sector [10] Group 7: Order and Capacity Management - The company ensures customer service experience with a maximum delivery cycle of one month, and current orders typically do not exceed this timeframe [10] - Other production lines are operating at full capacity, with potential pressure in Q4, which can be alleviated by adjusting production schedules [10]

证券代码：833394 证券简称：民士达 公告编号：2024-079 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 | --- | --- | |------------------------------------------------------------------------|-------| | | | | 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 □业绩说明会 □媒体采访 □现场参观 □新闻发布会 □分析师会议 □路演活动 √其他 （线上会议） 二、 投资者关系活动情况 活动时间：2024 年 10 月 15 日至 2024 年 10 月 16 日 活动地点：线上调研 参会单位及人员：创金合信基金、山西证券、东方自营、西部证券、中金基 金、无锡汇蠡投资、鸿道投资、苏豪投资、开源资管、汇瑾资本、江海证券、银 河证券、国投证券、东北证券、国联证券、开源证券、中信自营、中泰证券、长 江证券、万和证券、民生 ...

公司点评报告 · 北交所 产品销量增长，新建产能稳步推进 民士达点评报告 2024 年前三季度公司实现营收利润双增长:公司发布 2024年三季度报告, 报告期内公司实现营业收入 28,197.75 万元,同比增长 9.10%;实现归母净利 润 7,073.90万元,同比增长 10.66%;实现扣非净利润 6,313.49 万元,同比 增长 27.30%。其中三季度单季实现营业收入 9,630.88 万元,同比增长 13.69%,环比增长 1.00%;实现归母净利润2,644.21万元,同比增长 10.63%, 环比增长 10.55%;实现扣非净利润 2,388.39万元,同比增长 31.83%,环比 增长 7.44%。 ● 高端产品销量增长,研发投入维持高位:受益于航空蜂窝领域高端产品销量 增长,公司在实现业绩增长的同时,产品结构持续优化。报告期内公司毛利率 为 37.53%,比上年同期增加 1.83pct;净利率为 23.73%,公司的盈利能力近 年来总体呈现提升趋势。报告期内公司期间费用率为11.46%,比上年同期下 降 0.97pct;其中销售费用率为 2.83%,管理费用率为 3.07%。2024年前 ...

Investment Rating - The investment rating for the company is "Buy" (maintained) [1] Core Insights - The company has shown a significant growth in revenue, with a 13.69% year-on-year increase in Q3 2024, and a 9.10% increase in the first three quarters of 2024 [1] - The domestic market for aramid paper has substantial room for growth, particularly in the aerospace and new energy vehicle sectors, where demand is increasing [2] - The company is expected to benefit from the release of production capacity and the growing market for honeycomb materials and electric vehicle motors [1][2] Financial Performance Summary - In the first three quarters of 2024, the company achieved revenue of 282 million yuan (up 9.10%) and a net profit attributable to shareholders of 70.73 million yuan (up 10.66%) [1] - The gross profit margin for the same period was 37.53%, an increase of 1.83 percentage points [1] - The company forecasts net profits of 104 million yuan, 127 million yuan, and 156 million yuan for 2024, 2025, and 2026 respectively, with corresponding EPS of 0.71 yuan, 0.87 yuan, and 1.07 yuan per share [1][3] Market and Product Insights - The sales in the electrical insulation sector grew by 4.3%, while sales in the honeycomb material sector surged by 42.7% [2] - The aramid paper market in China is projected to grow at a CAGR of 18.63% from 2024 to 2030, with total consumption expected to reach 16,261 tons by 2030 [2] - The company is advancing its 300-ton flash-spun nonwoven fabric production line, which is expected to enhance its competitive pricing by 20%-30% compared to foreign competitors [2]

上 市 公 司 证 券 研 究 报 告 轻工制造 2024 年 10 月 16 日 民士达 (833394) ——业绩符合预期，航空蜂窝持续高增，出海逐步恢复 | --- | --- | |------------------------------------|-------------------------------| | 市场数据： | 2024 年 10 月 15 日 | | 收盘价（元） | 15.57 | | 一年内最高/最低（元） | 22.00/10.92 | | 市净率 | 3.3 | | 息率（分红/股价） | 1.28 | | 流通 A 股市值（百万元） | 666 | | 上证指数/深证成指 | 3,201.29/10,066.52 | | 注："息率"以最近一年已公布分红计算 | | | --- | --- | |------------------------------|------------------------| | | | | | | | 基础数据 : 2024 | 年 09 月 30 日 | | | 4.69 | | 每股净资产（元） | | | 资产负债率 % ...