证券代码：838163 证券简称:方大新材 公告编号：2025-004 河北方大新材料股份有限公司股票交易异常波动公告 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、股票交易异常波动的具体情况 公司股票最近 2 个有成交的交易日（2025 年 4 月 21 日-2025 年 4 月 22 日）以内收盘价 涨幅偏离值累计达到 43.88%，根据《北京证券交易所交易规则（试行）》的有关规定，属于 股票交易异常波动情形。 二、公司关注并核实的相关情况 四、公司及控股股东、实际控制人、董监高在异常波动期间交易公司股票的情况 公司及控股股东、实际控制人、董监高在异常波动期间不存在交易公司股票的情况。 五、风险提示 1、 核实对象： 公司控股股东、实际控制人及其一致行动人、持股 5%以上股东，在任的董事、监事及 高级管理人员。 2、 核实方式： 电话询问、口头询问及微信询问等方式。 3、 核实结论： 前期公告的事项不存在需要更正、补充之处,未发现可能或已经对本公司股票交易价格 产生较大影响的媒体报道或市场传闻， ...

Investment Rating - The investment rating for the company is "Outperform" (Maintain) [2][3] Core Views - The company is expected to achieve a significant revenue increase in 2024, with projected revenue of 698 million yuan, representing a year-on-year growth of 39.72%. The net profit attributable to the parent company is expected to be 44.576 million yuan, reflecting a year-on-year increase of 13.22% [3] - The year 2024 is identified as the "promotional year" for the company's adhesive materials, leading to a substantial increase in orders and revenue from these products [3] - The company is undergoing capacity expansion with the successful trial operation of the first three automated production lines, and plans to establish joint processing plants in North America to better serve local customers [4] Financial Summary - The company's financial performance is summarized as follows: - Revenue (in million yuan): 384 in 2022, 500 in 2023, 698 in 2024E, 971 in 2025E, and 1,088 in 2026E, with a year-on-year growth rate of 39.7% in 2024 [6][9] - Net profit (in million yuan): 41 in 2022, 39 in 2023, 45 in 2024E, 60 in 2025E, and 66 in 2026E, with a year-on-year growth rate of 14.4% in 2024 [6][9] - Gross margin is projected to decrease from 18.5% in 2022 to 13.4% in 2024E [11] - Earnings per share (EPS) is expected to be 0.35 in 2024E, 0.46 in 2025E, and 0.51 in 2026E [6][10] Industry Insights - The demand for adhesive labels is driven by the rapid growth of the logistics and e-commerce sectors, with China's express delivery volume expected to reach 1,750.8 billion pieces in 2024, marking a year-on-year increase of 21.5% [5] - The global express logistics package volume has increased approximately threefold from 43 billion pieces in 2014 to 168.6 billion pieces in 2023, indicating a strong growth trend in the industry [5]

北交所信息更新 不干胶材料推广元年收入大幅增加，预计 2024 归母净利润+13.22% ——北交所信息更新 2025 年 03 月 13 日 投资评级：增持（维持） | 日期 | 2025/3/12 | | --- | --- | | 当前股价(元) | 17.37 | | 一年最高最低(元) | 25.30/11.15 | | 总市值(亿元) | 22.36 | | 流通市值(亿元) | 10.66 | | 总股本(亿股) | 1.29 | | 流通股本(亿股) | 0.61 | | 近 3 个月换手率(%) | 139.45 | 诸海滨（分析师） zhuhaibin@kysec.cn 证书编号：S0790522080007 业绩快报公布，归母净利润 4457.64 万元同比增长 13.22%维持"增持"评级 方大新材公布业绩快报，2024 全年预计实现营收 6.98 亿元同比增长 39.72%；归 母净利润 4457.64 万元同比增长 13.22%。2024 年为公司不干胶材料的"推广元 年"，不干胶材料订单大幅增加，实现不干胶材料收入的大幅增长。参考业绩快 报我们下调盈利预测，预计方大新材 2024 ...

Investment Rating - The investment rating for the company is "Outperform" (maintained) [2][3] Core Views - The company is expected to achieve a significant revenue increase in 2024, with projected revenue of 698 million yuan, representing a year-on-year growth of 39.72%. The net profit attributable to the parent company is forecasted to be 44.576 million yuan, reflecting a year-on-year increase of 13.22% [3] - The year 2024 is identified as the "promotional year" for the company's adhesive materials, leading to a substantial increase in orders and revenue from these products [3] - The company is actively expanding its production capacity with the successful trial operation of the first three automated production lines and plans for a joint processing plant in North America to better serve local customers [4] Financial Summary - The company's financial performance is summarized as follows: - Revenue (in million yuan): 384 in 2022, 500 in 2023, 698 in 2024E, 971 in 2025E, and 1,088 in 2026E, with year-on-year growth rates of 5.9%, 30.1%, 39.7%, 39.1%, and 12.0% respectively [6][9] - Net profit (in million yuan): 41 in 2022, 39 in 2023, 45 in 2024E, 60 in 2025E, and 66 in 2026E, with year-on-year growth rates of 12.4%, -3.5%, 14.4%, 32.4%, and 10.5% respectively [6][9] - Earnings per share (EPS): 0.32 in 2022, 0.31 in 2023, 0.35 in 2024E, 0.46 in 2025E, and 0.51 in 2026E [6][9] Industry Insights - The demand for adhesive labels is expected to grow significantly due to the rapid expansion of the logistics and e-commerce sectors. The express delivery volume in China is projected to reach 1,750.8 billion pieces in 2024, marking a year-on-year increase of 21.5% [5] - The global parcel shipping volume has increased approximately threefold from 43 billion pieces in 2014 to 168.6 billion pieces in 2023, indicating a robust growth trend in the logistics industry [5]

Financial Performance - The company achieved operating revenue of 698,381,547.53 CNY, a 39.72% increase compared to the previous year[3] - Net profit attributable to shareholders reached 44,576,354.02 CNY, reflecting a growth of 13.22% year-on-year[3] - The net profit after deducting non-recurring gains and losses was 44,693,656.41 CNY, a 3.75% increase from the previous year[3] - The basic earnings per share rose to 0.35 CNY, marking a 12.90% increase year-on-year[3] Assets and Equity - The total assets at the end of the reporting period amounted to 873,299,079.85 CNY, up 18.21% from the beginning of the period[3] - The equity attributable to shareholders increased to 465,261,305.51 CNY, a rise of 4.21% compared to the previous year[3] Revenue Growth Drivers - The company attributed revenue growth to the production launch of variable information marking projects and increased orders for adhesive materials[6] - The company emphasized the promotion and marketing of adhesive materials, leading to a significant increase in related revenue[5] - The company’s sales team actively engaged with domestic and international clients to enhance trust and cooperation, contributing to revenue growth[5] Financial Caution - The financial data presented is preliminary and has not been audited, cautioning investors to consider investment risks[7]

证券代码：838163 证券简称：方大新材 公告编号：2025-002 河北方大新材料股份有限公司 股东拟减持公司股份不超过 1%的预披露公告 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、 减持主体的基本情况 | 股东名称 | 股东身份 | 持股数量（股） | | 持股比例 | 当前持股股份来源 | | --- | --- | --- | --- | --- | --- | | 石家庄汇 | 员工持股 | | 4,500,000 | 3.4961% | 北交所上市前取得 | | 同企业管 | 平台 | | | | (含权益分派转增股) | | 理中心（有 | | | | | | | 限合伙） | | | | | | 上述员工持股平台系实际控制人的一致行动人，但本次减持计划拟减持股份 不包含公司控股股东、实际控制人、董监高间接持有的股份。 股东名 称 计划减持 数量（股） 计划减 持比例 减持 方式 减持 期间 减持价 格区间 拟减持股 份来源 拟减持 原因 石家庄 汇同企 业管理 中 心 （有限 ...

Investment Rating - The report maintains an "Outperform" rating for the company, indicating a positive outlook compared to the market [6][7]. Core Insights - The company's Q3 2024 performance was slightly below expectations, with revenue of 510 million yuan, a year-on-year increase of 43.7%, and a net profit of 35.96 million yuan, up 18.0% year-on-year [4][6]. - The growth in revenue is primarily driven by the significant increase in sales of pressure-sensitive adhesive materials, despite a slight decline in Q3 revenue compared to the previous quarter [5][6]. - The company is focusing on expanding its production capacity and market share, particularly in overseas markets, while phasing out lower-quality domestic production [6][7]. Summary by Sections Market Data - Closing price: 18.40 yuan - Market capitalization: 1,129 million yuan - Price-to-book ratio: 5.2 - Dividend yield: 1.36% [1][2]. Financial Performance - Q3 2024 revenue: 181 million yuan, a year-on-year increase of 54.2% - Q3 2024 net profit: 9.48 million yuan, a year-on-year increase of 5.3% [4][5]. - Gross margin for the first three quarters: 16.4%, down 1.7 percentage points year-on-year [5][6]. Future Outlook - The company is set to gradually release production capacity, with the first three automated production lines of the second phase successfully operating [6]. - Expected net profits for 2024, 2025, and 2026 are projected at 54 million yuan, 73 million yuan, and 95 million yuan respectively, with corresponding price-to-earnings ratios of 44, 33, and 25 [7].

Investment Rating - The investment rating for the company is "Outperform" (maintained) [3] Core Views - The company reported a revenue increase of 43.66% and a net profit increase of 18.01% for the first three quarters of 2024, achieving a revenue of 510 million yuan and a net profit of 35.96 million yuan [3] - The company is in a capacity expansion phase and is actively exploring overseas markets while developing new processes, which may lead to a slight increase in sales and R&D expenses in the short term [3] - The profit forecast for 2024-2026 has been adjusted to 56 million, 78 million, and 91 million yuan respectively, with corresponding EPS of 0.44, 0.61, and 0.71 yuan [3] - The current stock price corresponds to a PE ratio of 37.9, 27.2, and 23.5 for the years 2024, 2025, and 2026 respectively [3] Financial Performance Summary - For 2024, the expected revenue is 833 million yuan, with a year-on-year growth of 66.7% [6] - The expected net profit for 2024 is 56 million yuan, with a year-on-year growth of 42.7% [6] - The gross margin is projected to be 13.8% in 2024, with a net margin of 6.7% [6] - The return on equity (ROE) is expected to be 11.9% in 2024, increasing to 14.8% by 2026 [6] Production and Market Expansion - The company has successfully trialed the first three automated production lines for variable information labels and is in the process of establishing a joint venture processing plant in North America to better serve local customers [4] - The new production project includes eight planned coating production lines, with the fourth line expected to enter trial production in 2025 [4] - The company’s products are well-received globally, with a strong reputation in the market due to its self-developed hot melt adhesive technology [5]

Investment Rating - The investment rating for the company is "Buy" (maintained) [1] Core Views - The company reported a revenue of 510 million yuan for Q1-Q3 2024, a year-on-year increase of 43.66%, and a net profit attributable to shareholders of 35.96 million yuan, up 18.01% year-on-year [2] - The release of variable information label production capacity and increased orders for adhesive materials are driving performance growth [2] - The postal and express delivery industry is performing well, leading to increased demand for logistics packaging products [2] - The company is entering a capacity release cycle, with significant improvements in production efficiency expected [2][3] Financial Forecasts and Valuation - The company is expected to enter a new phase of high-quality development, with revised net profit forecasts for 2024-2026 being 63 million, 84 million, and 105 million yuan respectively [3] - Corresponding EPS for these years are projected to be 0.49, 0.65, and 0.82 yuan per share, with P/E ratios of 45, 34, and 27 times respectively [3] - The total revenue forecast for 2024 is 825.43 million yuan, with a year-on-year growth rate of 65.14% [3][9]

证券代码：838163 证券简称：方大新材 公告编号：2024-072 （一）会议召开情况 1.会议召开时间：2024 年 10 月 24 日 2.会议召开地点：公司会议室 3.会议召开方式：现场和通讯相结合方式 河北方大新材料股份有限公司 第三届董事会第十六次会议决议公告 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 会议应出席董事 9 人，出席和授权出席董事 9 人。 董事王春和、田新生因工作原因以通讯方式参与表决。 二、议案审议情况 （一）审议通过《关于 2024 年第三季度报告的议案》 1.议案内容： 4.发出董事会会议通知的时间和方式：2024 年 10 月 21 日以电话、邮件方式 发出 具体内容详见公司于 2024 年 10 月 25 日在北京证券交易所指定信息披露平 5.会议主持人：杨志先生 台（www.bse.cn）披露的《2024 年第三季度报告》（公告编号：2024-074）。 2.议案表决结果：同意 9 票；反对 0 票；弃权 0 票。 本议案已经公司第 ...