证券代码：833914 证券简称：远航精密 公告编号：2025-009 江苏远航精密合金科技股份有限公司 关于使用部分闲置募集资金进行现金管理的进展公告 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、 授权现金管理情况 （一）审议情况 江苏远航精密合金科技股份有限公司（以下简称"公司"）于 2024 年 12 月 30 日召开第五届董事会第十次会议、第五届监事会第十一次会议，审议通过了 《关于使用部分闲置募集资金进行现金管理的议案》。为了提高闲置募集资金使 用效率，为公司及股东获取更多的回报，在确保资金安全、不影响募集资金投资 项目建设的前提下，公司拟使用不超过人民币 2 亿元暂时闲置的募集资金进行现 金管理，用于购买安全性高、流动性好、可以保障本金安全的投资产品。 具体内容详见公司于 2024 年 12 月 30 日在北京证券交易所信息披露平台 （http://www.bse.cn/）披露的《关于使用部分闲置募集资金进行现金管理的公告》 （公告编号：2024-121）。 根据《北京证券交易所股票 ...

江苏远航精密合金科技股份有限公司 关于使用部分闲置募集资金进行现金管理的进展公告 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、 授权现金管理情况 （一）审议情况 江苏远航精密合金科技股份有限公司（以下简称"公司"）于 2024 年 12 月 30 日召开第五届董事会第十次会议、第五届监事会第十一次会议，审议通过了 《关于使用部分闲置募集资金进行现金管理的议案》。为了提高闲置募集资金使 用效率，为公司及股东获取更多的回报，在确保资金安全、不影响募集资金投资 项目建设的前提下，公司拟使用不超过人民币 2 亿元暂时闲置的募集资金进行现 金管理，用于购买安全性高、流动性好、可以保障本金安全的投资产品。 具体内容详见公司于 2024 年 12 月 30 日在北京证券交易所信息披露平台 （http://www.bse.cn/）披露的《关于使用部分闲置募集资金进行现金管理的公 告》（公告编号：2024-121）。 证券代码：833914 证券简称：远航精密 公告编号：2025-007 （二）披露标准 根据《北 ...

证券代码：833914 证券简称：远航精密 公告编号：2025-008 近日，公司收到容诚出具的《签字注册会计师变更告知函》，现将具体情况 公告如下： 一、签字注册会计师变更基本情况 容诚作为公司2024年度的审计机构，原指派柯宗地先生、赵伦曙先生、叶晓 雨女士作为签字注册会计师为公司提供年度审计服务。因容诚内部工作调整，赵伦 曙先生、叶晓雨女士不再为公司提供年度审计服务，拟补充李凯锐先生、陈亭廷 女士作为公司2024年度审计项目的签字注册会计师继续完成相关工作。变更后的 签字注册会计师为：柯宗地先生、李凯锐先生、陈亭廷女士。 二、本次变更的签字注册会计师信息 1、基本信息 签字注册会计师：李凯锐先生，2022年成为中国注册会计师，2017年开始从 事上市公司审计业务，2022年开始在容诚执业，近三年签署或复核过0家上市公 司审计报告。 签字注册会计师：陈亭廷女士，2023年成为中国注册会计师，2020年开始从 事上市公司审计业务，2022年开始在容诚执业，近三年签署或复核过0家上市公 司审计报告。 江苏远航精密合金科技股份有限公司 关于变更签字注册会计师的公告 本公司及董事会全体成员保证公告内容的真实、准确 ...

江苏远航精密合金科技股份有限公司（以下简称"公司"）于2025年2月26日收 到控股股东江苏远航时代控股集团有限公司（以下简称"远航时代"）出具的《关 于权益变动触及1%的告知函》。远航时代于2025年1月6日至2025年2月26日期间 通过集中竞价累计增持公司股份1,059,370股，与其一致行动人宜兴乾润企业管理 有限公司（以下简称"宜兴乾润"）合计持股比例增加至41.0047%，权益变动触及 1%的整数倍情形。现将其有关权益变动情况公告如下： 一、本次权益变动基本情况 证券代码：833914 证券简称：远航精密 公告编号：2025-006 江苏远航精密合金科技股份有限公司 关于控股股东权益变动触及 1%的提示性公告 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）本次权益变动不会导致公司控股股东及实际控制人发生变化，不 会对公司生产经营产生不利影响； （二）本次股东权益变动不涉及信息披露义务人披露权益变动报告书、 （一）信息披露义务人基本情况 | 1、基本情况 | | | | | --- | ...

Financial Performance - The company's operating revenue for the reporting period was CNY 852,178,999.57, an increase of 5.25% compared to the same period last year[4] - The total profit for the reporting period was CNY 76,594,052.16, representing a significant increase of 137.76% year-over-year[4] - The net profit attributable to shareholders was CNY 67,656,010.20, up 114.05% from the previous year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 54,758,659.00, reflecting a growth of 144.02% year-over-year[4] - Basic earnings per share increased to CNY 0.68, a rise of 112.50% compared to the same period last year[4] Assets and Equity - Total assets at the end of the reporting period reached CNY 1,161,352,740.22, an 18.10% increase from the beginning of the period[5] - Shareholders' equity attributable to the company was CNY 913,720,852.82, up 6.08% from the previous period[5] Market Factors - The increase in performance was primarily driven by the rising penetration of new energy vehicles and the rapid development of the energy storage market[7] - The company experienced stable fluctuations in the price of electrolytic nickel, which positively impacted the gross profit margin of its products[7] Cautionary Note - The company emphasizes that the financial data presented is preliminary and has not been audited, urging investors to be cautious[8]

证券代码：833914 证券简称：远航精密 公告编号：2025-004 江苏远航精密合金科技股份有限公司 关于使用部分闲置自有资金购买理财产品的进展公告 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、 授权委托理财情况 （一）审议情况 江苏远航精密合金科技股份有限公司（以下简称"公司"）于 2024 年 12 月 30 日召开第五届董事会第十次会议，审议通过了《关于使用闲置自有资金购买 理财产品的议案》。为了提高公司的资金使用效率和整体收益，在确保不影响正 常经营所需流动资金需求及确保资金安全的情况下，公司拟使用不超过人民币 12,000.00 万元自有闲置资金，购买流动性好、安全性高的银行理财产品。 具体内容详见公司于 2024 年 12 月 30 日在北京证券交易所信息披露平台 （http://www.bse.cn/）披露的《关于使用闲置自有资金购买理财产品的公告》 （公告编号：2024-120）。 （二）披露标准 根据《北京证券交易所股票上市规则（试行）》相关规定，交易的成交金额 占上市公司 ...

证券代码：833914 证券简称：远航精密 公告编号：2025-003 江苏远航精密合金科技股份有限公司 关于使用部分闲置募集资金进行现金管理的进展公告 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、 授权现金管理情况 （一）审议情况 江苏远航精密合金科技股份有限公司（以下简称"公司"）于 2024 年 12 月 30 日召开第五届董事会第十次会议、第五届监事会第十一次会议，审议通过了 《关于使用部分闲置募集资金进行现金管理的议案》。为了提高闲置募集资金使 用效率，为公司及股东获取更多的回报，在确保资金安全、不影响募集资金投资 项目建设的前提下，公司拟使用不超过人民币 2 亿元暂时闲置的募集资金进行现 金管理，用于购买安全性高、流动性好、可以保障本金安全的投资产品。 具体内容详见公司于 2024 年 12 月 30 日在北京证券交易所信息披露平台 （http://www.bse.cn/）披露的《关于使用部分闲置募集资金进行现金管理的公 告》（公告编号：2024-121）。 （二）披露标准 根据《北 ...

关于控股股东质押部分股票的公告 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、股权质押概述 （一）基本情况 证券代码：833914 证券简称：远航精密 公告编号：2025-002 江苏远航精密合金科技股份有限公司 公司股东江苏远航时代控股集团有限公司（以下简称"远航时代"）质押 6,500,000 股，占公司总股本 6.50%。在本次质押的股份中，0 股为有限售条件股 份，6,500,000 股为无限售条件股份。质押期限为 2025 年 1 月 17 日起至办理解 除质押登记手续止。质押股份用于为增持专项贷款提供担保，质押权人为华夏银 行股份有限公司宜兴支行，质押权人与质押股东不存在关联关系。质押股份已在 中国结算办理质押登记。 （二）本次股权质押对公司的影响 所涉及的股份是实际控制人控制的股份。 包括本次质押股份在内，如果全部在质股份被行权不会导致公司控股股东或 者实际控制人发生变化。 本次股权质押不会对公司生产经营等产生影响。 二、股权质押所涉股东情况 （一）质押具体情况 股东姓名（名称）：江 ...

Investment Rating - Maintained rating: **Recommend** [1] Core Views - The company's net profit attributable to shareholders in 2024 is expected to increase by **108.81%~115.14%** YoY, reaching **66~68 million yuan**, with a significant turnaround in Q4 2024, achieving a net profit of **23.88~25.88 million yuan**, a YoY increase of **95.52%~111.90%** [4] - The company's main products, nickel strips and foils, have seen significant sales growth due to increased penetration of new energy vehicles and rapid development of the energy storage market [4] - The company's gross margin has improved in 2024 due to more stable fluctuations in the price of electrolytic nickel, the main raw material, compared to 2023 [4] - The company has a clear advantage in industrial chain integration, with its subsidiary Jintai Ke further processing nickel strips and foils, expanding strategic customer cooperation and diversifying product applications [4] - The company's precision structural component, **Thermal Cut-Off (TCO)**, has seen increasing revenue contribution, with sales growing from **2 million yuan in 2020 to 50 million yuan in 2021**, and maintaining a growth rate of over **20%** in 2022 and 2023 [4] - The company is expected to achieve net profits of **67/77/88 million yuan** in 2024-2026, with YoY growth rates of **112.44%/15.08%/14.36%**, and corresponding P/E ratios of **22/19/17** [4] Financial Forecasts Income Statement - Revenue is expected to grow from **836 million yuan in 2024** to **1,137 million yuan in 2026**, with growth rates of **3.25%/17.58%/15.67%** [5] - Net profit attributable to shareholders is forecasted to increase from **67 million yuan in 2024** to **88 million yuan in 2026**, with growth rates of **112.44%/15.08%/14.36%** [5] - Gross margin is expected to improve from **10.42% in 2023** to **14.83% in 2024**, and remain stable at around **14.55%~14.60%** in 2025-2026 [5] Balance Sheet - Total assets are projected to grow from **1,051.47 million yuan in 2024** to **1,266.04 million yuan in 2026**, driven by increases in current assets such as cash and receivables [7] - Total liabilities are expected to rise from **127.32 million yuan in 2024** to **176.26 million yuan in 2026**, with short-term borrowings increasing significantly [7] Cash Flow Statement - Operating cash flow is forecasted to improve significantly in 2024, reaching **117.42 million yuan**, compared to **-24.55 million yuan in 2023** [7] - Net cash increase is expected to be **107.89 million yuan in 2024**, with continued positive cash flow in subsequent years [7] Key Financial Ratios - ROE is expected to increase from **3.67% in 2023** to **8.11% in 2026**, reflecting improved profitability [8] - The company's P/E ratio is projected to decrease from **47.36 in 2023** to **16.94 in 2026**, indicating potential undervaluation [8] - The company's net debt ratio is expected to remain negative, indicating a strong financial position with minimal debt [8]

Company Overview - The company, Yuanhang Precision (833914), is a leading enterprise in the field of precision nickel-based conductor materials, specializing in the production of nickel strips, foils, and precision structural components [8][11] - Established in 2006 and listed on the Beijing Stock Exchange in 2022, the company has accumulated significant R&D achievements, holding 12 invention patents and 83 utility model patents by 2023 [11] - The company's main products are widely used in consumer electronics, new energy vehicles, power tools, electric bicycles, energy storage, aerospace, and metal commemorative coins [11] Financial Performance - In 2023, the company reported revenue of 810 million yuan, a year-on-year decrease of 10.59%, and net profit attributable to shareholders of 32 million yuan, a year-on-year decrease of 40.87% [8][20] - The company's revenue and net profit are expected to recover in 2024, with revenue projected to reach 873.56 million yuan, a year-on-year increase of 7.89%, and net profit expected to reach 63.85 million yuan, a year-on-year increase of 102.02% [8][20] - The company's gross profit margin in 2023 was 10.42%, down 3.72 percentage points year-on-year, but it is expected to rebound to 14.98% in 2024 [24] Industry and Market Analysis - The demand for precision conductor materials is driven by the growth of power batteries, consumer batteries, and energy storage batteries [8] - The power battery market is expected to grow steadily, with shipments exceeding 1000GWh in 2024, a year-on-year increase of 24%, and 1300GWh in 2025, a year-on-year increase of 25% [8] - The energy storage battery market is expected to grow rapidly, with shipments reaching 330GWh in 2024, a year-on-year increase of over 50%, and 500GWh in 2025, a year-on-year increase of 51% [8] - The consumer battery market is supported by the electronics and AI sectors, with demand expected to remain stable and grow with emerging applications such as AIPC and smart robots [8] Strategic Development - The company is focusing on vertical integration, leveraging its R&D capabilities and technical advantages to maintain a leading position in the industry [8][43] - The company has established strong partnerships with major clients such as Panasonic, LG, Zhuhai CosMX, and EVE Energy, benefiting from the increasing downstream demand [8][48] - The company is expanding its production capacity, with plans to increase the production of precision nickel strip materials by 2500 tons and precision alloy stamping parts by 835 million pieces by 2025 [8][50] Investment Rating and Valuation - The company is given a "Buy" rating for the first time, with an expected net profit of 64 million yuan in 2024, a year-on-year increase of 102%, and a PE ratio of 22 times [8][55] - The company's valuation is considered attractive compared to peers, with a PE ratio of 22/19/16 times for 2024-2026, lower than the average PE ratio of -48/38/19 times for comparable companies [55][56]