证券代码：600114 股票简称：东睦股份 编号：2024-057 东睦新材料集团股份有限公司 NBTM NEW MATERIALS GROUP Co., Ltd. 2021年12月30日，东睦新材料集团股份有限公司（以下简称"公 司"）召开第七届董事会第十九次会议，审议并全票通过了《关于授权上 海富驰高科技股份有限公司办理搬迁相关事项的议案》，同意上海富驰高 科技股份有限公司（以下简称"上海富驰公司"）承租的位于上海市宝山 区逸仙路4318号的老厂区搬迁事项。上海富驰公司于2021年12月30日与宝 山区淞南镇人民政府等部门签订了《上海富驰高科技股份有限公司提前解 除租赁关系及搬迁补偿协议》，协议约定对上海富驰公司所涉装饰装修、 附属设施、物资搬迁等补偿总金额为82,250,394.00元人民币。上海富驰 公司已分别于2021年12月31日、2022年12月28日、2023年12月1日收到淞 南镇人民政府支付的首笔搬迁补偿款16,450,078.80元人民币、第二笔搬 1 证券代码：600114 股票简称：东睦股份 编号：2024-057 迁补偿款29,999,970.00元人民币和第三笔搬迁补偿款600, ...

证券代码：600114 股票简称：东睦股份 编号：2024-056 东睦新材料集团股份有限公司 NBTM NEW MATERIALS GROUP Co., Ltd. 具 体内 容详 见公司 于 2024年6 月4日 在上 海证 券交易 所网 站 （www.sse.com.cn）披露的相关信息，公告编号：2024-028。 2024年12月24日，招商银行股份有限公司宁波分行办理了上述1,500 万股的股票质押担保的解除手续。宁波金广股份公司于2024年12月25日收 到中国证券登记结算有限责任公司出具的《解除证券质押登记通知》。此 次解除质押后的具体情况如下： 1 证券代码：600114 股票简称：东睦股份 编号：2024-056 关于公司股东解除股票质押担保业务的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记 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责任。 重要内容提示： 截至本公告披露日，宁波金广股份公司持有公司5,111.1016万股无 限售条件流通股，占公司总股本的8.29%，本次解除质押股份数量为1,500 万股无限售条件流通股，剩余质押公司股份数量 ...

Investment Rating - The report initiates coverage with a "Buy" rating for the company [4]. Core Views - The company has shown steady revenue growth and improved profitability, with a significant increase in both revenue and net profit in the first half of 2024 [3][24]. - The company is a leading player in the powder metallurgy industry, focusing on three main technology platforms: Powder Pressing and Sintering (P&S), Soft Magnetic Composite (SMC), and Metal Injection Molding (MIM) [13][30]. - The MIM segment is expected to continue contributing positively, particularly with the growth of the foldable smartphone market [3][24]. - The company has made strategic investments, including acquiring a stake in a company specializing in titanium alloys, which is expected to enhance its MIM business [45][49]. Summary by Sections 1. Company Overview - The company is a leading manufacturer in the powder metallurgy sector, recognized for its P&S, SMC, and MIM technologies [13][30]. - It serves various industries, including automotive, consumer electronics, and renewable energy, with a focus on high-performance materials [13][30]. 2. Financial Performance - In the first half of 2024, the company reported revenue of 2.353 billion yuan, a year-on-year increase of 33.50%, and a net profit of 190 million yuan, up 431.53% [3][24]. - The automotive parts segment accounted for 75.72% of P&S revenue, while SMC revenue showed signs of recovery after a decline [3][24][26]. 3. MIM Business Growth - The global MIM market is projected to grow from 25.7 billion yuan in 2022 to 50.2 billion yuan by 2029, with a CAGR of approximately 10.7% [3][24]. - The company has established production lines for foldable smartphone components, anticipating a 30% CAGR in foldable smartphone shipments from 2024 to 2028 [3][24]. 4. SMC and P&S Business Development - The SMC market is expected to grow from 4.321 billion yuan in 2022 to 6.068 billion yuan by 2028, with a CAGR of about 5.82% [3][24]. - The company has successfully expanded its SMC production capacity to 70,000 tons per year and is actively developing new high-performance materials [3][24]. 5. Strategic Investments - The company acquired a 10% stake in Shenzhen Xiaoxiang Electric, enhancing its capabilities in electric motor technology [45][48]. - It also invested in a new materials company focused on titanium alloys, which is expected to support its MIM business development [49].

证券代码：600114 股票简称：东睦股份 编号：2024-055 东睦新材料集团股份有限公司 NBTM NEW MATERIALS GROUP Co., Ltd. 关于公司股东解除股票质押担保业务的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记 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责任。 截至本公告披露日，宁波金广股份公司持有公司5,111.1016万股无 限售条件流通股，占公司总股本的8.29%，本次解除质押股份数量为1,200 万股无限售条件流通股，剩余质押公司股份数量为1,500万股，占其所持 公司股份总数的29.35% 东睦新材料集团股份有限公司（以下简称"公司"）于2024年11月29 日接到公司股东宁波金广投资股份有限公司（以下简称"宁波金广股份公 司"）《关于解除股票质押担保业务的通知》，现将相关情况公告如下： 2021年12月30日，宁波金广股份公司将其持有的公司无限售条件流通 股份1,500万股（占其所持有公司股份总数的29.35%，占公司总股本的 2.43%），与中信银行股份有限公司宁波分行办理了期限为五年的股票质 押担保业务，质押登 ...

东睦新材料集团股份有限公司 NBTM NEW MATERIALS GROUP Co., Ltd. 证券代码：600114 股票简称：东睦股份 编号：2024-054 关于控股子公司通过高新技术企业重新认定 的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记 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责任。 东睦新材料集团股份有限公司 董 事 会 2024 年 11 月 22 日 本次系山西东睦公司原高新技术企业证书有效期满后进行的重新认 定，根据《中华人民共和国企业所得税法》等有关规定，山西东睦公司自 通过高新技术企业重新认定后连续三年内可继续享受高新技术企业的税收 优惠政策，即按15%的税率缴纳企业所得税。 山西东睦公司2024年已根据相关规定按照15%的企业所得税税率进行 财务核算，因此本次通过高新技术企业重新认定不会对公司已披露的经营 业绩产生重大影响。 特此公告。 1 证券代码：600114 股票简称：东睦股份 编号：2024-054 重要内容提示： 公司控股子公司山西东睦公司通过高新技术企业重新认定，但暂 未收到高新技术企业证书 近日，全国高新技术企业认 ...

证券代码：600114 股票简称：东睦股份 编号：2024-053 关于为控股子公司和孙公司提供担保的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记 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责任。 重要内容提示： 被担保人名称：控股子公司上海富驰高科技股份有限公司、山西东 睦华晟粉末冶金有限公司和孙公司连云港富驰智造科技有限公司 本次担保金额及已实际为其提供的担保余额：本次公司提供担保最 高限额共计人民币26,800.00万元；截至本公告披露日，公司为以上3家公 司提供担保余额共计人民币72,951.00万元（其中本次担保项下担保余额 为0元） 本次担保是否有反担保：否 对外担保逾期的累计数量：无 特别风险提示：截至本公告披露日，公司（母公司）对控股子公司 的担保余额占公司2023年度经审计归属于上市公司股东的净资产的比例已 超50%，敬请投资者充分关注担保风险 一、担保情况概述 （一）担保基本情况 东睦新材料集团股份有限公司 NBTM NEW MATERIALS GROUP Co., Ltd. 2024年11月12日，东睦新材料集团股份有限公司（以下简称"公 ...

Investment Rating - The report maintains a "Buy" rating for the company, with expected PE ratios of 26x, 20x, and 17x for 2024, 2025, and 2026, respectively [4][6] Core Views - The company's Q3 revenue continued to grow significantly, with MIM business contributing the main growth momentum [1][2] - The company's three major platforms (MIM, P&S, SMC) are synergistically driving growth, with MIM benefiting from the foldable smartphone boom [3][4] - The company is expected to achieve revenue of 4.88 billion yuan in 2024, with a year-on-year growth of 26.4% [5] Financial Performance - Q3 2024 revenue reached 1.258 billion yuan, up 23.4% year-on-year [1] - Net profit attributable to the parent company in Q3 2024 was 87 million yuan, up 22.2% year-on-year [1] - Gross margin in Q3 2024 was 22.28%, down 0.83 percentage points year-on-year [2] Business Segments - MIM business revenue grew 88.5% year-on-year in the first three quarters of 2024, with Q3 growth of 72.1% [2][3] - P&S business revenue increased 16.6% year-on-year in the first three quarters, but only 0.05% in Q3 [2] - SMC business revenue declined 0.8% year-on-year in the first three quarters, but grew 15.1% in Q3 [2] Future Outlook - The company aims to achieve annual revenue of 4.85 billion yuan in 2024, with Q4 expected to continue the growth trend [2] - MIM business is expected to be the main driver of future growth, benefiting from the foldable smartphone trend [3][4] - The company is expanding its presence in the automotive sector and accelerating the industrialization of axial flux motors [3] Valuation and Projections - The company's EPS is projected to be 0.65 yuan, 0.85 yuan, and 1.02 yuan for 2024, 2025, and 2026, respectively [5] - Revenue is expected to grow to 6.874 billion yuan by 2026, with a CAGR of 17.53% from 2024 to 2026 [5] - Net profit margin is forecasted to increase from 8.27% in 2024 to 9.18% in 2026 [5][10]

Investment Rating - The investment rating for the company is "Recommended (Maintain)" [2][7] Core Views - The company has shown significant growth in its MIM (Metal Injection Molding) business, with a year-on-year increase of 88.48% in revenue for the first nine months and a 72.12% increase in the third quarter [6] - The recovery in the consumer electronics sector and the increasing penetration of foldable smartphones are expected to further enhance the growth potential of the company's MIM business [7] - The company has three major new material technology platforms (P&S, SMC, and MIM) that are working synergistically, leading to increased orders and revenue [6] Financial Performance Summary - In Q3 2024, the company achieved total revenue of 1.258 billion yuan, representing a year-on-year increase of 23.41% and a quarter-on-quarter increase of 0.53% [5] - The net profit attributable to the parent company for Q3 2024 was 87 million yuan, up 22.16% year-on-year but down 19.70% quarter-on-quarter [5] - For the first three quarters of 2024, the company reported total revenue of 3.611 billion yuan, a year-on-year increase of 29.80%, and a net profit of 277 million yuan, reflecting a year-on-year increase of 158.70% [5] Revenue and Profit Forecast - The forecast for net profit attributable to the parent company for 2024-2026 is 415 million, 532 million, and 684 million yuan respectively, with corresponding P/E ratios of 28.3, 22.1, and 17.2 [7][8]

Financial Performance - The company's operating revenue for Q3 2024 reached ¥1,257,558,396.35, representing a year-on-year increase of 23.41%[2] - The net profit attributable to shareholders for the same period was ¥87,065,306.97, up 22.16% year-on-year[2] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥84,792,306.20, reflecting a 26.56% increase year-on-year[2] - Total operating revenue for the first three quarters of 2024 reached ¥2,398,276,351.11, an increase of approximately 21.1% compared to ¥1,979,479,502.58 in the same period of 2023[19] - The net profit attributable to shareholders of the parent company was ¥276,660,689.63, up 158.5% from ¥106,941,619.11 in the previous year[17] - The company's operating profit increased significantly to CNY 321,534,163.95, compared to CNY 96,616,404.21 in the previous year, marking a growth of 232.5%[16] - The company reported a basic earnings per share of ¥0.45, compared to ¥0.17 in the same period of 2023, reflecting a significant increase of 164.7%[17] - The total comprehensive income for the first three quarters was ¥308,632,502.73, compared to ¥98,192,151.74 in the previous year, indicating a substantial growth[17] Assets and Equity - The total assets at the end of the reporting period amounted to ¥7,374,420,356.50, an increase of 8.94% compared to the end of the previous year[3] - The total equity attributable to shareholders increased by 6.30% to ¥2,686,239,824.76 compared to the previous year[3] - Total assets as of the end of Q3 2024 amounted to CNY 7,374,420,356.50, up from CNY 6,769,069,473.24, indicating a growth of 8.9%[16] - The total equity attributable to shareholders reached CNY 2,686,239,824.76, up from CNY 2,527,153,837.50, indicating an increase of 6.3%[15] Cash Flow and Financing - The company reported a significant increase in net cash flow from operating activities, amounting to ¥161,009,612.09, despite a year-on-year decline of 12.08%[2] - The operating cash flow net amount for the first three quarters was ¥161,009,612.09, a decrease of 12.1% from ¥183,124,856.50 in the same period last year[19] - The company raised ¥2,040,900,000.00 in borrowings during the financing activities, which is a significant increase from ¥1,425,889,355.56 in the previous year[20] - The net cash flow from financing activities was ¥63,806,017.69, a turnaround from a negative cash flow of -¥57,818,132.22 in the same period last year[20] - The total operating cash outflow was ¥2,334,436,727.77, compared to ¥1,877,232,130.05 in the previous year, reflecting an increase of 24.3%[19] - The company reported a decrease in investment cash flow net amount to -¥159,800,829.79 from -¥171,317,512.22 in the previous year, indicating improved cash management in investments[20] Shareholder Information - The total number of common shareholders at the end of the reporting period was 43,433[8] - The largest shareholder, Muka Special Metal Industry Co., Ltd., held 10.62% of the shares[8] - The top ten shareholders did not participate in margin trading or securities lending during the reporting period[9] Operational Highlights - The P&S platform's revenue for the first nine months grew by 16.62%, while the MIM platform saw an impressive 88.48% increase[4] - The company has focused on enhancing its MIM parts and hinge module capabilities, which has positively impacted its performance[4] - Research and development expenses for the first three quarters were CNY 238,744,649.73, compared to CNY 200,916,700.44, reflecting an increase of 18.8%[16] - The company plans to continue its market expansion and product development strategies in the upcoming quarters[11] Liabilities and Provisions - Current liabilities increased to CNY 2,251,173,239.73 from CNY 1,551,358,661.59, representing a rise of 45.1%[15] - Long-term borrowings decreased to CNY 1,481,900,000.00 from CNY 1,795,239,746.04, a reduction of 17.5%[15] - The company has made provisions for bad debts amounting to ¥10,560,103.56 related to the unpaid relocation compensation[12] Other Financial Aspects - Non-recurring gains and losses for the reporting period totaled ¥2,273,000.77, with a significant portion attributed to government subsidies and asset disposals[5] - The company received a total of ¥47,050,048.80 in relocation compensation, with a remaining balance of ¥35,200,345.20 yet to be received[12] - A new VAT policy is expected to positively impact the company's profits in 2024, with a potential increase of 5% in deductible input VAT[12] - Deferred tax assets rose to CNY 69,066,414.35 from CNY 59,291,871.27, an increase of 16.5%[15] - Accounts receivable rose to ¥1,329,225,784.81, up from ¥1,079,447,090.62, indicating an increase of about 23.1%[13] - Inventory increased significantly to ¥1,141,588,484.50 from ¥909,575,854.63, reflecting a growth of approximately 25.5%[13] - Cash and cash equivalents at the end of the period amounted to ¥317,282,099.01, an increase from ¥256,313,387.98 at the end of the same period last year[20] - The company's cash and cash equivalents increased to ¥341,803,099.01 from ¥257,413,156.80 at the end of the previous year, representing a growth of approximately 32.7%[13]

东睦新材料集团股份有限公司（以下简称"公司"）于2024年10月16 日以书面形式向公司全体监事发出召开第八届监事会第十次会议的通知。 公司第八届监事会第十次会议于2024年10月28日在公司会议室以现场与通 讯相结合的方式召开，应参加表决监事5人，实际参加表决监事5人，其中 参加现场表决监事4人，监事富安健太先生因境外工作原因未能现场出 席，以通讯表决方式参会并表决。监事会主席黄永平先生主持了本次会 议。会议的召开符合《中华人民共和国公司法》和《东睦新材料集团股份 有限公司章程》的有关规定。 二、监事会会议审议情况 全体监事对本次监事会会议的议案进行了审议，经表决形成如下决 议： 证券代码：600114 股票简称：东睦股份 编号：2024-052 东睦新材料集团股份有限公司 NBTM NEW MATERIALS GROUP Co., Ltd. 第八届监事会第十次会议决议公告 本公司监事会及全体监事保证本公告内容不存在任何虚假记 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责任。 一、监事会会议召开情况 1 证券代码：600114 股票简称：东睦股份 编号：2024-052 ...