证券代码：833914 证券简称：远航精密 公告编号：2024-104 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 1 月 10 日召开第五届董事会第五次会议、第五届监事会第六次会议，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 1 月 10 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：2024-010）。 （二）披露标准 根据《北京证券 ...

Investment Rating - The report maintains a "Recommend" rating for the company, indicating a positive outlook on its stock performance relative to the benchmark index [4] Core Views - The company's non-GAAP net profit grew by 33.89% YoY in the first three quarters of 2024, driven by stable nickel prices and improved profitability [1] - Revenue for the first three quarters of 2024 was RMB 607.15 million, a slight decline of 3.72% YoY, while net profit attributable to shareholders increased by 11.90% YoY to RMB 42.13 million [1] - The company's gross margin and net margin for the reporting period were 14.98% and 6.94%, respectively, with a stable overall profitability level [1] - The TCO (Thermal Cut-Off) product sales have shown consistent growth, with sales expected to double in 2024 compared to 2021, reaching RMB 100 million [2] - The company's vertical integration strategy, combining material production and product processing, provides a competitive advantage in the precision nickel-based conductor materials industry [2] Financial Performance and Projections - The company's revenue for Q3 2024 was RMB 219.46 million, a 6.41% YoY increase, with a non-GAAP net profit of RMB 11.00 million, up 38.20% YoY [1] - The company's 2024-2026 net profit attributable to shareholders is projected to be RMB 55 million, RMB 66 million, and RMB 79 million, respectively, with YoY growth rates of 75.33%, 18.99%, and 19.25% [3] - The company's PE ratios for 2024-2026 are estimated at 38x, 32x, and 27x, respectively, reflecting a gradual decline in valuation multiples [3] - The company's gross margin is expected to improve from 10.42% in 2023 to 13.90% in 2026, driven by stable nickel prices and operational efficiency [8] Business and Industry Analysis - The company's products, including nickel strips, foils, and precision structural components, are widely used in lithium batteries, consumer electronics, aerospace, and new energy vehicles [1] - The company has established a strong presence in the TCO market, supplying major lithium battery manufacturers such as Zhuhai CosMX and CATL, and serving end customers like Lenovo and Dell [2] - The company's ongoing project to produce 835 million precision alloy stamping parts annually is progressing as planned, with expected completion by mid-2025 [2] - The company's vertical integration strategy, with parent company Yuanhang Precision producing nickel strips and foils and subsidiary Jintai Ke processing these materials, enhances its competitive position in the industry [2] Market and Valuation - The company's A-share closing price on November 5, 2024, was RMB 16.20, with a total market capitalization of RMB 1.62 billion [4] - The company's PB ratios for 2024-2026 are projected at 2.31x, 2.15x, and 1.99x, respectively, indicating a gradual decline in valuation relative to book value [8] - The company's EV/EBITDA ratios for 2024-2026 are estimated at 25.10x, 21.38x, and 18.07x, reflecting a decreasing valuation relative to earnings before interest, taxes, depreciation, and amortization [8]

| | 公告日期 2024-11-06 | 异常期间 | 无 | | | | | --- | --- | --- | --- | --- | --- | --- | | | 远航精密(833914) 连续竞价 | 成交数量 （股） | 23815150.0 | 成交金额（万 | 元） | 48053.43 | | | 涉及事项 当日收盘价涨幅达到20%的前5只股票 | | | | | | | 买/ | 营业部或交易单元名称 | | | | 买入金额 | 卖出金额（元） | | 卖 | | | | | （元） | | | 买1 | 国泰君安证券股份有限公司福建福州华林路营业部 | | | | 15701581.4 | 115355.74 | | 买2 | 国元证券股份有限公司深圳百花二路营业部 | | | | 5145171.6 | 95203.44 | | 买3 | 东吴证券股份有限公司上海西藏南路证券营业部 | | | | 4791611.8 | 1149561.38 | | 买4 | 海通证券股份有限公司深圳红岭北路营业部 | | | | 4606833.31 | 2106 | | 买5 | 东方财富证券 ...

| 日期 | 代码 | 简称 | 成交数量（股） | 成交金额（万元） | 披露原因 | | --- | --- | --- | --- | --- | --- | | 2024-11- | 832171 | 志晟信息 | 36150402.0 | 68233.18 | 异常期间涨跌幅偏离值累计 | | 06 | | | | | 达到56.98% | | 2024-11- | 837006 | 晟楠科技 | 8302176 | 23379.83 | 异常期间涨跌幅偏离值累计 | | 06 | | | | | 达到56.94% | | 2024-11- | 835857 | 百甲科技 | 69883363.0 | 57045.72 | 异常期间涨跌幅偏离值累计 | | 06 | | | | | 达到56.74% | | 2024-11- | 833533 | 骏创科技 | 47244750.0 | 124742.38 | 异常期间涨跌幅偏离值累计 | | 06 | | | | | 达到55.61% | | 2024-11- | 831832 | 科达自控 | 37566026.0 | 103130.89 | 异 ...

Customer Distribution - The company's products, including nickel strips, foils, and precision structural components, are primarily used in lithium batteries and metal commemorative coins [3] - End-use applications include consumer electronics, power tools, cordless home appliances, aerospace, coin minting, new energy vehicles, and energy storage [3] - In the coin minting and aerospace sectors, customers are end-use manufacturers (e.g., Shenyang Mint and China Electronics Technology Group Corporation No. 18 Research Institute) [3] - Other customers are mainly precision structural component processors and battery manufacturers, with a higher proportion of precision structural component processors [3] TCO Product Performance - TCO (Thermal Cut-off) is a thermal protection device used in battery module temperature protection systems for laptops and tablets [3] - The company invested in the TCO product line in 2020, with sales reaching nearly 2 million yuan that year [3] - Sales grew to 50 million yuan in 2021, with over 20% growth in both 2022 and 2023 [3] - Sales in 2024 are expected to double compared to 2021 [3] - Terminal customers for TCO products include Lenovo and Dell, supplied through customers like Zhuhai CosMX and CATL [3] Raw Material Impact - Electrolytic nickel prices dropped from nearly 230,000 yuan at the beginning of 2023 to around 130,000 yuan by the end of the year, a decrease of about 45% [4] - Nickel prices remained relatively stable from January to September 2024, positively impacting the company's gross margin compared to 2023 [4] Solid-State Battery Impact - The company's nickel strips, foils, and precision structural components are mainly used for current transmission outside the battery cell [4] - Solid-state batteries, which use solid electrodes and electrolytes, do not significantly affect the application of the company's products [4] Competitive Advantages and Future Outlook - The company has a unique advantage in the "material + product" integrated industrial chain, with parent company Yuanhang Precision producing nickel strips and foils, and subsidiary Jintai Ke further processing these materials [4] - With nearly 20 years of experience in the nickel strip, foil, and battery precision structural component industry, the company has accumulated a large number of high-quality customer resources and maintained a high market share [4] - The company holds multiple invention patents, primarily in production processes, ensuring product quality and technological leadership [4] - The company raised funds through an IPO to expand production capacity, improve production intelligence, and enhance economies of scale [4] - The company is optimistic about the industry's prospects due to the expanding battery application scenarios driven by new intelligent products like flying cars, AIPC (AI personal computers), and smart robots [4]

Customer Distribution - The company's products, including nickel strips, foils, and precision structural components, are primarily used in lithium batteries and metal commemorative coins [3] - Terminal applications include consumer electronics, power tools, cordless home appliances, aerospace, coinage, new energy vehicles, and energy storage [3] - In the coinage and aerospace sectors, customers are terminal application manufacturers: Shenyang Mint for coinage products and the 18th Research Institute of China Electronics Technology Group Corporation for aerospace products [3] - Other customers are mainly precision structural component processors and battery manufacturers, with a higher proportion of precision structural component processors [3] TCO Product Performance - TCO (Thermal Cut-off) is a thermal protection device used in battery module temperature protection systems for laptops and tablets [3] - The company invested in the TCO product line in 2020, with sales increasing year by year [3] - Sales in 2020 were nearly 2 million yuan, reaching 50 million yuan in 2021, with growth exceeding 20% in both 2022 and 2023 [3] - Sales in 2024 are expected to double compared to 2021 [3] - Terminal customers for TCO products are mainly Lenovo and Dell, supplied through customers like Zhuhai CosMX and CATL [3] Raw Material Impact - Electrolytic nickel prices dropped from nearly 230,000 yuan at the beginning of 2023 to around 130,000 yuan by the end of the year, a decrease of about 45% [4] - Nickel prices remained relatively stable from January to September 2024, positively impacting the company's gross margin compared to 2023 [4] Solid-State Battery Impact - The company's nickel strips, foils, and precision structural components are mainly used for current transmission outside the battery cell [4] - Solid-state batteries, which use solid electrodes and electrolytes, do not significantly affect the application of the company's products as only the electrolyte form changes [4] Competitive Advantages and Future Outlook - The company has a unique advantage in the "material + product" integrated industrial chain, with parent company Yuanhang Precision producing nickel strips and foils, and subsidiary Jintai Ke further processing these materials [4] - With nearly 20 years of experience in the nickel strip, foil, and battery precision structural component industry, the company has accumulated a large number of high-quality customer resources and maintained a high market share [4] - The company holds multiple invention patents, mainly in production processes, ensuring product quality and technological leadership [4] - Through IPO fundraising, the company is expanding production capacity, improving production intelligence, and enhancing economies of scale [4] - The company is optimistic about the industry's prospects due to the expanding battery application scenarios driven by new intelligent products like flying cars, AIPC (AI personal computers), and smart robots [4]

Financial Performance - Revenue for the first nine months of 2024 decreased by 3.72% to 607,151,026.48 yuan compared to the same period in 2023[5] - Net profit attributable to shareholders increased by 11.90% to 42,124,957.92 yuan for the first nine months of 2024[5] - Total operating income for the first nine months of 2024 was 607,151,026.48 RMB, down from 630,630,149.67 RMB in the same period of 2023[23] - Net profit for the first nine months of 2024 rose to 42,124,957.92 RMB, up from 37,645,720.49 RMB in the same period of 2023[24] - Operating profit for the first nine months of 2024 was 42,756,070.89 RMB, up from 39,868,982.96 RMB in the same period of 2023[24] - Total comprehensive income for the first nine months of 2024 was 42,124,534.03 RMB, compared to 37,640,141.77 RMB in the same period of 2023[24] - Operating income for the first nine months of 2024 was 478,844,247.56 yuan, compared to 519,494,819.84 yuan in the same period of 2023[25] - Net profit for the first nine months of 2024 was 30,243,961.82 yuan, up from 26,260,643.04 yuan in the same period of 2023[25] - Basic earnings per share increased to 0.42 yuan per share from 0.38 yuan per share[25] - Diluted earnings per share increased to 0.42 yuan per share from 0.38 yuan per share[25] Asset and Liability Changes - Total assets increased by 10.47% to 1,086,299,587.81 yuan as of September 30, 2024, compared to 983,325,707.99 yuan at the end of 2023[5] - Total assets increased to 1,086,299,587.81 yuan as of September 30, 2024, compared to 983,325,707.99 yuan at the end of 2023[17][19] - Current assets rose to 842,229,261.31 yuan from 782,514,598.06 yuan, with a notable increase in inventory from 116,735,290.11 yuan to 152,273,909.58 yuan[17] - Non-current assets grew to 244,070,326.50 yuan from 200,811,109.93 yuan, driven by an increase in fixed assets and construction in progress[17][18] - Total liabilities increased to 196,821,482.97 yuan from 121,994,402.57 yuan, with a significant rise in short-term borrowings from 34,635,818.01 yuan to 98,112,778.46 yuan[18][19] - Shareholders' equity increased to 889,478,104.84 yuan from 861,331,305.42 yuan, with retained earnings growing from 337,538,258.01 yuan to 369,763,215.93 yuan[19] - Total assets increased to 889,874,583.00 RMB from 831,591,931.23 RMB, reflecting growth in the company's asset base[21] - Fixed assets decreased slightly to 88,687,460.29 RMB from 92,458,599.10 RMB, indicating a reduction in long-term investments[21] - Short-term borrowings surged to 78,112,778.46 RMB from 24,624,206.90 RMB, indicating increased short-term financing needs[21] - Total liabilities increased to 121,661,681.52 RMB from 79,545,256.96 RMB, reflecting higher financial obligations[21] - Shareholders' equity grew to 768,212,901.48 RMB from 752,046,674.27 RMB, showing improved equity position[22] Cash Flow and Liquidity - Net cash flow from operating activities improved by 65.75% to -15,595,902.33 yuan, primarily due to reduced cash payments for goods and services[8] - Net cash flow from financing activities increased by 1,906.35% to 44,041,202.65 yuan, driven by increased borrowings and reduced equity distributions[8] - Cash and cash equivalents decreased to 173,534,488.58 yuan from 215,237,989.15 yuan, indicating a reduction in liquidity[17] - Cash flow from operating activities was -15,595,902.33 yuan, compared to -45,541,065.67 yuan in the same period of 2023[27] - Cash flow from investing activities was -69,992,752.23 yuan, compared to -126,570,826.84 yuan in the same period of 2023[28] - Cash flow from financing activities was 44,041,202.65 yuan, compared to -2,438,138.07 yuan in the same period of 2023[28] - Net cash outflow for the first nine months of 2024 was 41,702,963.20 yuan, compared to 174,375,414.79 yuan in the same period of 2023[28] - Cash and cash equivalents at the end of the period were 173,534,488.58 yuan, down from 215,237,451.78 yuan at the beginning of the period[28] - Net cash flow from operating activities in 2024 was 8,063,632.12 yuan, compared to a negative 53,232,426.85 yuan in 2023[29] - Net cash flow from investing activities in 2024 was -78,951,078.07 yuan, an improvement from -91,628,886.81 yuan in 2023[30] - Net cash flow from financing activities in 2024 was 34,104,083.25 yuan, compared to a negative 10,900,050.09 yuan in 2023[30] - Net increase in cash and cash equivalents in 2024 was -36,897,235.27 yuan, an improvement from -155,607,277.69 yuan in 2023[30] Accounts Receivable and Inventory - Accounts receivable increased by 36.87% to 230,321,891.06 yuan due to increased business with clients having longer credit terms[7] - Inventory increased by 30.44% to 152,273,909.58 yuan as the company expanded its inventory to improve supply efficiency[7] - Trade receivables increased to 230,321,891.06 yuan from 168,272,291.05 yuan, reflecting higher sales on credit[17] - Prepayments rose to 10,465,889.27 yuan from 7,421,579.45 yuan, indicating increased advance payments for goods or services[17] - Other receivables surged to 131,175.94 yuan from 13,316.77 yuan, showing a significant increase in miscellaneous receivables[17] Capital Expenditures and Investments - Construction in progress increased by 1,028.72% to 44,838,600.45 yuan due to increased investment in fundraising projects[7] - The company's capital expenditure in construction in progress increased to 44,838,600.45 yuan from 3,972,514.80 yuan, reflecting ongoing investments in infrastructure[17] Shareholder and Equity Information - The total number of ordinary shares remains unchanged at 100,000,000 shares, with 100% being unrestricted shares[10] - The controlling shareholder, Jiangsu Yuanhang Times Holding Group Co., Ltd., increased its holdings by 145,100 shares, bringing its total to 37,695,350 shares, representing 37.70% of the total shares[10][11] - The top 10 shareholders collectively hold 53,088,504 shares, accounting for 53.09% of the total shares[12] - No shareholders holding more than 5% of the shares have pledged or frozen shares[13] - The company implemented a stock option incentive plan, granting 170,000 stock options to 3 incentive recipients on March 21, 2024[15] - The company canceled 787,500 stock options that were granted but not exercised under the 2023 stock option incentive plan[15] Legal and Compliance - The company has no ongoing litigation, arbitration, or significant legal disputes[14] - No major asset acquisitions, disposals, or mergers occurred during the reporting period[14] - The company has no outstanding guarantees or loans provided to external parties[14] - The company has no instances of shareholders or related parties misusing company funds or assets[14] Research and Development - Research and development expenses remained stable at 21,936,018.82 RMB, compared to 22,024,076.64 RMB in the previous year[23] - Research and development expenses for the first nine months of 2024 were 16,010,080.48 yuan, slightly up from 15,791,853.80 yuan in the same period of 2023[25] Cash Inflows and Outflows - Sales of goods and services received cash of 485,840,484.20 yuan in 2024, a decrease of 12.25% compared to 553,654,787.74 yuan in 2023[29] - Cash received from tax refunds in 2024 was 4,003,982.67 yuan, compared to none in 2023[29] - Cash received from other operating activities in 2024 was 4,391,942.60 yuan, a decrease of 47.39% compared to 8,348,684.46 yuan in 2023[29] - Total cash inflows from operating activities in 2024 were 494,236,409.47 yuan, a decrease of 12.06% compared to 562,003,472.20 yuan in 2023[29] - Cash paid for goods and services in 2024 was 431,298,304.75 yuan, a decrease of 23.51% compared to 563,802,770.02 yuan in 2023[29] - Cash paid to employees in 2024 was 31,433,498.56 yuan, a decrease of 1.53% compared to 31,920,597.29 yuan in 2023[29] Non-Recurring Items - Non-recurring gains and losses amounted to 6,274,235.32 yuan, including government subsidies and investment gains[9]

证券代码：833914 证券简称：远航精密 公告编号：2024-099 江苏远航精密合金科技股份有限公司 第五届监事会第十次会议决议公告 本公司及监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 10 月 29 日 2.会议召开地点：江苏远航精密合金科技股份有限公司会议室 3.会议召开方式：现场表决 4.发出监事会会议通知的时间和方式：2024 年 10 月 19 日以书面方式发出 5.会议主持人：朱文涛 6.召开情况合法、合规、合章程性说明： 会议的召开符合《公司法》及《公司章程》的有关规定，会议形成的决议合 法有效。 （二）会议出席情况 会议应出席监事 3 人，出席监事 3 人。 二、议案审议情况 （一）审议通过《关于公司<2024 年三季度报告>的议案》 1.议案内容： 根据相关法律法规及《公司章程》等规定，公司编制了 2024 年三季度报告。 具体内容详见公司于 2024 年 10 月 29 日在北京证券交易所信息披露平台 （ht ...

国金证券股份有限公司 关于江苏远航精密合金科技股份有限公司 变更募集资金专户的核查意见 国金证券股份有限公司（以下简称"国金证券"或"保荐机构"）作为江苏 远航精密合金科技股份有限公司（以下简称"远航精密"、"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》《北京证券交易所上市公司持续监管办法（试行）》《北 京证券交易所股票上市规则（试行）》等有关法规和规范性文件的要求，对远航 精密变更募集资金专户事项进行了核查，具体情况如下： 一、募集资金基本情况 | 银行名称 | 银行帐号 | 余额（元） | | --- | --- | --- | | 建行宜兴宜城东山支行 | | | | 中国银行股份有限公司宜兴环科园支行 | | | | 中国光大银行宜兴支行 | | | | 江苏宜兴农村商业银行股份有限公司陶都 支行 | | | | 中国光大银行宜兴支行（金泰科） | | | | 江苏宜兴农村商业银行股份有限公司陶都 | | | | 支行（金泰科） | | | | 浙商银行股份有限公司宜兴支行 | | | | 江苏宜兴农村商业银行股份有限公司陶都 | 七 ...

证券代码：833914 证券简称：远航精密 公告编号：2024-101 江苏远航精密合金科技股份有限公司 关于变更募集资金专户的公告 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。 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 10 月 29 日 召开的第五届董事会第九次会议、第五届监事会第十次会议审议通过了《关于变更募 集资金专户的议案》，同意公司将"年产 2,500 吨精密镍带材料项目"的募集资金专户 开户银行由建行宜兴宜城东山支行（以下简称"建设银行"）变更为中国工商银行股份 有限公司宜兴支行（以下简称"工商银行"），现将相关内容公告如下： 一、 募集资金基本情况 公司于 2022 年 10 月 18 日收到中国证券监督管理委员会下发的《关于同意江苏 远航精密合金科技股份有限公司向不特定合格投资者公开发行股票注册的批复》（证 监许可〔2022〕2502 号），同意本公司向不特定合格投资者公开发行不超过 2,500.00 万股新股（未考虑行使超额配售选择权情况下）的注册申请 ...