股票简称：生益科技 股票代码：600183 公告编号：2024—069 广东生益科技股份有限公司 关于为下属控股公司提供担保的进展公告 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法律责任。 重要内容提示： ●被担保人名称：广东生益科技股份有限公司（以下简称"公司"或"生益科技"）的 控股孙公司湖南绿晟环保股份有限公司（以下简称"绿晟环保"）的全资子公司永兴鹏琨环 保有限公司（以下简称"永兴鹏琨"）。 ●本次担保金额：公司为永兴鹏琨向北京银行股份有限公司长沙分行（以下简称"北京 银行"）融资提供 0.7 亿元的担保。 ●截至 2024 年 8 月 31 日，公司对绿晟环保及其子公司的担保总额为 3.48 亿元，担保 余额为 1.73 亿元（借款余额）。截至 2024 年 8 月 31 日，公司累计对外担保总额为人民币 846,001,368.35 元，占公司最近一期（2023 年 12 月 31 日）经审计净资产的 6.05%，担保 余额为人民币 571,101,368.35 元，占公司最近一期（2023 年 12 月 31 日）经审 ...

证券代码：600183 证券简称：生益科技 广东生益科技股份有限公司投资者关系活动记录表 | --- | --- | --- | --- | |--------------|-----------------------------------------|------------------------------------------------------------|-----------------------| | | | 编号：202409 | | | 投资者关系活 | □特定对象调研 | □分析师会议 | | | 动类别 | □媒体采访 □业绩说明会 | | | | | □新闻发布会 □路演活动 | | | | | □现场参观 | | | | | ■其他 (2024 | 广东辖区上市公司投资者关系管理月活动投资者 | | | | 网上集体接待日 ) | | | | 会议召开方式 | 网络文字互动 | | | | 时间 | 2024 年 9 月 12 | 日(星期四)下午 15:30-16:30 | | | 地点 | 公司通过全景网"投资者关系互动平台"（ | | https://ir.p5w ...

Investment Rating - The report maintains a "Buy" rating for the company, with a market price of 17.39 CNY per share [1]. Core Insights - The company reported a significant increase in revenue and net profit for the first half of 2024, with revenue reaching 9.63 billion CNY, a year-over-year increase of 22.2%, and a net profit of 932 million CNY, up 68% year-over-year [3][4]. - The company is focusing on high-growth new products, including materials for next-generation servers and automotive electronics, which are expected to enhance its growth potential [5]. - The overall market conditions are improving, with expectations for a recovery in copper-clad laminate prices, which could lead to a dual recovery in performance and valuation for the company [5][6]. Financial Forecast and Valuation - The company's financial projections indicate a net profit of 1.82 billion CNY for 2024, 2.23 billion CNY for 2025, and 2.66 billion CNY for 2026, with corresponding P/E ratios of 23, 19, and 16 times [6]. - Revenue is expected to grow from 16.59 billion CNY in 2023 to 23.53 billion CNY by 2026, reflecting a compound annual growth rate of approximately 11.5% [1][6]. - The net profit margin is projected to improve, with net profit growth rates of 56.4%, 22.3%, and 19.4% for the years 2024, 2025, and 2026, respectively [1][6].

盛益科技(600183 CH) 上半年收益稳健 ； 高铜价在短期内影响不大 圣益科技发布了其2024年上半财年的业绩。收入同比增长22.2%/环比增长10.6 %，达到人民币96亿，主要得益于AI服务器的强劲需求、汽车订单的增长和库 存回补。同时，毛利率提升至21.6%（对比2023年上半年的19.3%和下半年的1 9.2%），得益于利用率的改善及高利润产品占比增加。因此，净利润增长了68. 0%/环比增长53.1%，达到9.32亿。2024年上半财年的收入/净利润占我们全年 预测的47%/43%。从季度角度看，第二季度的收入/净利润分别同比增长26%/7 6%、环比增长18%/38%，而毛利率提升至21.8%（对比2024年第一季度的21.3 %和2023年第二季度的18.9%）。鉴于铜价预计保持高位，我们认为圣益的CC L业务将逐步恢复。目前股价较过去五年历史平均值低一个标准差。考虑到铜价 可能维持高位，我们预计圣益的CCL业务将逐渐复苏。 维持买入价在 26.41 元不变。 | --- | --- | |-------------------------------------------------- ...

Investment Rating - The report maintains a "BUY" rating for Shengyi Tech with a target price of RMB26.41, implying a potential upside of approximately 49.2% from the current price of RMB17.70 [5][3]. Core Insights - Shengyi Tech reported solid earnings for 1H24, with revenue increasing by 22.2% year-on-year (YoY) to RMB9.6 billion, driven by strong demand in AI servers and automotive orders [3][4]. - The gross profit margin (GPM) improved to 21.6%, benefiting from better utilization and a favorable product mix [3]. - Net profit surged by 68.0% YoY to RMB932 million, accounting for 47% of the full-year forecast [3][4]. - The report highlights that both the CCL and PCB segments experienced double-digit growth and margin expansion [3]. Financial Performance Summary - Revenue for FY24E is projected at RMB20.85 billion, reflecting a 25.7% YoY growth, with net profit expected to reach RMB2.17 billion, an 86.7% increase YoY [4][12]. - Gross margin is anticipated to improve to 21.8% in FY24E and further to 23.9% by FY26E [4][15]. - The report indicates that the PCB revenue from the server market accounted for 38% of segment sales in 1H24, marking a 20% increase from 1H23 [3]. Segment Performance - CCL and Prepreg sales rose by 20.7% YoY, with GPM improving by 2.0 percentage points [3]. - PCB revenue increased by 23.5% YoY, with GPM improving by 1.6 percentage points [3]. - The report notes ongoing challenges in the telecom segment due to soft investments [3]. Market Conditions - The report discusses the impact of copper prices on Shengyi's CCL business, noting that prices peaked above US$10,000 per ton before retreating to US$9,300 per ton [3]. - It is expected that if copper prices stabilize, Shengyi's CCL average selling price (ASP) will likely increase, contributing to overall GPM improvements [3].

Investment Rating - The report maintains a "Buy-A" investment rating for the company with a target price of 20.42 CNY for the next six months [5]. Core Insights - The company reported a significant increase in revenue and net profit for the first half of 2024, with revenue reaching 9.630 billion CNY, a year-on-year increase of 22.19%, and net profit of 932.5 million CNY, up 68.04% [2]. - The electronics industry is showing signs of recovery, with a projected global market value of 2.55 trillion USD in 2024, driven by demand in consumer electronics and AI technologies [3]. - The company's products are widely used in high-speed applications, AI servers, 5G antennas, and various high-end electronic products, contributing to a 26.22% year-on-year revenue growth in Q2 [3]. Financial Performance Summary - The company’s revenue projections for 2024 to 2026 are 19.572 billion CNY, 22.703 billion CNY, and 25.950 billion CNY, respectively, with net profits expected to be 1.984 billion CNY, 2.392 billion CNY, and 2.765 billion CNY [4]. - The company achieved a gross margin of 21.78% in Q2, compared to 18.88% in the same period last year [3]. - The production and sales of various products, including copper-clad laminates and printed circuit boards, have shown strong growth, with production increasing by 23.25% and sales by 14.83% in the first half of 2024 [4].

Investment Rating - The report maintains a "Recommended" rating for the company, indicating a positive outlook based on its market position and growth potential [2][3]. Core Insights - The company reported a significant increase in revenue and net profit for the first half of 2024, with revenue reaching 9.63 billion yuan, a year-on-year growth of 22.19%, and net profit of 932 million yuan, up 68.04% [1]. - The recovery in PCB demand is highlighted, with the company benefiting from increased production and sales across various product lines, including a 23.25% increase in the production of copper-clad laminates [1]. - The company has implemented an employee stock incentive plan to enhance motivation and align employee interests with company performance, targeting a net profit growth of no less than 25% over the next three years [1]. Financial Performance - For the second quarter of 2024, the company achieved a revenue of 5.21 billion yuan, representing a 26.22% increase year-on-year, and a net profit of 540 million yuan, which is a 75.94% increase [1]. - The gross margin for the first half of 2024 was 21.56%, an increase of 2.27 percentage points year-on-year, while the net margin was 10.15%, up 3.17 percentage points [1]. - The forecast for net profit for 2024-2026 is projected at 1.74 billion yuan, 2.11 billion yuan, and 2.39 billion yuan respectively, with corresponding PE ratios of 25X, 20X, and 18X [2][3]. Market Outlook - The global electronics industry is expected to reach a market value of 2.55 trillion USD in 2024, driven by demand in AI, XR, and consumer electronics [1]. - The PCB industry is projected to see a growth rate of 5% for the year, with the company positioned as a leading player benefiting from this recovery [1].

广东生益科技股份有限公司 监事会 2024 年 8 月 27 日 1、关于注销公司 2019 年度股票期权激励计划首次授予第四个行权期已到 期未行权股票期权的核查意见 本公司监事会认为：公司本次注销 2019 年度股票期权激励计划首次授予第 四个行权期已到期未行权的股票期权，符合有关法律、法规及公司《2019 年度 股票期权激励计划（草案）》的相关规定，不存在损害股东利益的情况，同意公 司注销 4 名激励对象已到期未行权的 236.55 万份股票期权。 监事：陈少庭、刘锦琼、唐嘉盛 广东生益科技股份有限公司监事会关于 第十一届监事会第三次会议事项的核查意见 广东生益科技股份有限公司（以下简称"公司"）监事会根据《公司法》《证 券法》《上市公司股权激励管理办法》等有关法律、法规及规范性文件的相关规 定和《公司章程》的规定，对第十一届监事会第三次会议事项进行审核，并发表 核查意见如下： ...

广东生益科技股份有限公司 委托理财管理制度 第一章 总则 第一条 为规范广东生益科技股份有限公司（以下简称"公司"）委托理财 业务的管理，提高资金运作效率，防范委托理财决策和执行过程中的相关风 险，维护股东和公司的合法权益，根据《中华人民共和国公司法》《中华人民 共和国证券法》《上海证券交易所股票上市规则》等有关法律、法规、规范性 文件及《广东生益科技股份有限公司章程》（以下简称"《公司章程》"） 等 的有关规定，结合公司实际情况，特制定本制度。 第二条 本制度适用于公司及合并报表范围的所有公司（以下简称"子公 司"）的委托理财管理。子公司进行委托理财前须向公司财务部提交申请，并 根据本制度要求报经审批，未经批准不得进行任何理财活动。控股子公司生益 电子股份有限公司是科创板上市公司，其委托理财程序按其相关制度及有关法 律法规、股票上市规则等规定处理。 第三条 本制度所称委托理财是指在国家政策允许的情况下，公司在控制投 资风险的前提下，利用闲置自有资金通过委托商业银行或证券公司等金融机构 进行短期、低风险委托理财的行为，以保本固定收益和保本浮动收益型委托理 财产品为主，不得投资非保本类理财产品。 第二章 审批决 ...

广东生益科技股份有限公司 第十一届董事会独立董事专门会议 2024 年第一次会议决议 广东生益科技股份有限公司第十一届董事会独立董事专门会议 2024 年第一 次会议于 2024 年 8 月 26 日以通讯表决方式召开。应参会独立董事 4 人，实际参 会 独立董事 4 人，符合《上市公司独立董事管理办法》《上海证券交易所股票上 市规则》《上海证券交易所上市公司自律监管指引第 1 号——规范运作》及《公 司章程》等有关规定。独立董事赵彤先生为召集人，在充分沟通基础上，经记名 投票表决，形成如下决议： 一、审议通过《关于 2024 年半年度日常关联交易情况及增加 2024 年度日常 关联交易预计额度的议案》 表决结果：同意 4 票，反对 0 票，弃权 0 票。 独立董事：蒋基路、赵彤、景乃权、杜家驹 广东生益科技股份有限公司 2024年8月26日 我们已经详细审阅有关广东生益科技股份有限公司的《关于 2024 年半年度 日常关联交易情况及增加 2024 年度日常关联交易预计额度的议案》及相关资料， 认为上述关联交易定价政策与定价依据合理、充分，参照市场价格确定价格；定 价公允，体现了公平、公正、诚信的原则，不存在 ...