证券代码 ：600516 证券简称： 方大炭素 公告编号：2025—004 方大炭素新材料科技股份有限公司 关于向关联方提供反担保的公告 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法律责任。 重要内容提示： ●被担保人：方大特钢科技股份有限公司（以下简称方大特钢），方大特 钢是方大炭素新材料科技股份有限公司（以下简称公司）的关联方。 ●本次担保金额及已实际为其提供的担保余额：关联方方大特钢为公司在 中国进出口银行甘肃省分行贷款本金最高额不超过4亿元人民币、利息及其他应 付款项提供连带责任保证担保，公司对应向方大特钢提供反担保；截至本公告 披露日，公司为方大特钢提供的担保余额为4亿元人民币。 ●本次担保是否为反担保：是 ●对外担保逾期的累计金额：公司无逾期担保。 一、反担保情况概述 公司分别于2022年12月30日召开第八届董事会第十九次临时会议、于2023 年 1 月 16 日召开 2023 年第一次临时股东大会，审议通过《关于与方大特钢科 技股份有限公司互保的议案》，根据公司生产经营的需要，公司与关联方方大 特钢就发行公司债券或向 ...

Financial Performance Forecast - The company expects a net profit attributable to shareholders for 2024 to be between 143 million and 203 million yuan, representing a year-on-year decrease of 51.23% to 65.64%[1][2]. - The projected net profit attributable to shareholders after deducting non-recurring gains and losses is estimated to be between 28 million and 41 million yuan, reflecting a year-on-year decrease of 88.51% to 92.15%[1][2]. - The net profit for the previous year was 416.24 million yuan, with a net profit of 356.89 million yuan after deducting non-recurring gains and losses[5]. Factors Affecting Profit - The company attributes the profit decline primarily to reduced market demand in the steel industry and sustained low prices for graphite electrode products[7]. - Non-operating gains and losses are expected to impact the net profit by approximately 140 million yuan, mainly due to fair value changes and government subsidies[8]. Earnings Forecast Validity - The earnings forecast is based on preliminary calculations by the company's finance department and has not been audited by registered accountants[3][9]. - The company emphasizes that there are no significant uncertainties affecting the accuracy of this earnings forecast[9]. - The data provided is preliminary and the final financial figures will be disclosed in the official 2024 annual report[10].

Group 1 - The core viewpoint of the article indicates that Fangda Carbon (600516) expects a significant decline in net profit for the year 2024, projecting a range of 143 million to 203 million yuan, which represents a year-on-year decrease of 51.23% to 65.64% [1] - The reduction in net profit is attributed to a decrease in market demand from the downstream steel industry, leading to continued low prices for graphite electrode products, which in turn has resulted in a decline in the company's profitability [1]

Investment Rating - The report maintains a "Recommend" rating for Fangda Carbon (600516 SH) [9][52] Core Views - The steel industry's energy-saving and carbon reduction policies are expected to drive the development of electric arc furnace (EAF) steel, which will benefit graphite electrode demand [5][8] - Fangda Carbon, as a leading graphite electrode producer, is expected to benefit from the industry recovery due to its new capacity gradually coming online [9][52] Industry Overview - EAF steel production is expected to grow by 27% to 134 million tons by 2025, driven by policy support [1][8] - The Steel Industry Energy-Saving and Carbon Reduction Action Plan aims to increase the proportion of EAF steel to 15% of total crude steel production by 2025 [8][34] - EAF steel currently accounts for less than 10% of China's total steel production in 2023, with a slow increase to 105% expected in 2024 [40][45] Company Performance - Fangda Carbon's performance was under pressure in the first three quarters of 2024, with net profit attributable to the parent company decreasing by 3323% YoY to 257 million yuan [7][36] - Revenue in Q1-3 2024 decreased by 19% YoY, while net profit attributable to the parent company fell by 33% YoY [30] Capacity Expansion - Fangda Carbon's ultra-high-power graphite electrode projects, including the 50,000-ton relocation project in Hefei and the 50,000-ton new project in Meishan, are gradually being put into production, further solidifying its leading position [9][41] - The company's subsidiary, Chengdu Carbon Materials, is a leading producer of isostatic graphite products, with a total planned capacity of 30,000 tons [9][42] Financial Forecasts - The report forecasts Fangda Carbon's net profit attributable to the parent company to be 331 million yuan, 446 million yuan, and 568 million yuan for 2024, 2025, and 2026, respectively [9][43] - The corresponding PE ratios for 2024-2026 are 61x, 45x, and 35x, respectively [9][52]

Investment Rating - The report maintains a "Recommended" rating for the company [5]. Core Viewpoints - The company's performance has been under pressure due to low electric arc furnace (EAF) steel profits and declining graphite electrode prices. Despite strong demand from the automotive and home appliance sectors, the real estate market remains weak, leading to a decrease in steel demand and prices [19][24]. - The energy-saving and carbon reduction policies are expected to significantly promote the development of EAF steel by 2025, with the EAF steel production anticipated to reach 134 million tons, which may gradually revive the demand for graphite electrodes [2][34]. - The company is solidifying its leading position in the graphite electrode market with the gradual production of ultra-high power graphite electrode projects, which will increase the proportion of high-end products in its product structure [3][38]. Summary by Sections 1. Graphite Electrode Prices Decline, Performance Under Pressure - The report highlights that the EAF steel operating rate is low, and the shipment of graphite electrodes is hindered, resulting in a decline in performance for the first three quarters of 2024, with a net profit of 257 million yuan, down 33.23% year-on-year [19][24]. 2. Energy-Saving and Carbon Reduction Policies Expected to Promote EAF Steel Development by 2025 - The "Special Action Plan for Energy Saving and Carbon Reduction in the Steel Industry" aims for EAF steel to account for 15% of crude steel production by the end of 2025, with a target of 300 million tons of scrap steel utilization [30][34]. 3. Company as a Leader in Graphite Electrodes, Benefiting from Industry Recovery - The company is expected to benefit from the gradual recovery of the graphite electrode market as new production capacities are launched, with projected net profits for 2024-2026 being 331 million, 446 million, and 568 million yuan respectively [3][43]. 4. Profit Forecast and Investment Recommendations - The report forecasts the company's net profit for 2024-2026 to be 331 million, 446 million, and 568 million yuan, with corresponding price-to-earnings ratios of 61, 45, and 35 times [4][43].

证券代码 ：600516 证券简称： 方大炭素 公告编号：2024—096 方大炭素新材料科技股份有限公司 关于公司控股股东部分股份质押的公告 重要内容提示: 方大炭素新材料科技股份有限公司（以下简称公司）控股股东辽宁方大集团 实业有限公司（以下简称方大集团）持有公司股份1,524,413,321股，占公司总 股本的37.86%。本次质押及解除质押后，方大集团累计质押股份731,728,590股， 占其所持有公司股数的48.00%，占公司总股本的18.18%。 公司收到方大集团将其持有的公司部分股份质押的通知，具体情况如下： 一、股份质押情况 2024年12月27日，方大集团将83,000,000股股票质押给平安银行股份有限公 司沈阳分行，将50,820,000股股票质押给中国银河证券股份有限公司，并已在中 国证券登记结算有限责任公司办理了股份质押登记手续。 | | | | 是否为限 | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | 售股（如 | 是否 | | | | 占其所 ...

证券代码 ：600516 证券简称： 方大炭素 公告编号：2024—094 方大炭素新材料科技股份有限公司 关于控股子公司委托理财进展的公告 本公司及董事会全体成员保证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、准确和完整承担个别及连带责任。 重要内容提示： ●投资种类:委托理财 ●投资金额：2 亿元人民币 ●履行的审议程序：方大炭素新材料科技股份有限公司（以下简称公司）于 2024 年 5 月 10 日和 2024 年 5 月 31 日分别召开第八届董事会第三十四次临时会 议和 2024 年第三次临时股东大会，审议通过了《关于使用自有资金购买理财产 品的议案》，同意公司及控股子公司使用不超过人民币 40 亿元（含本数）的自 有资金购买安全性高、流动性好的符合监管要求的理财产品。 ●特别风险提示：控股子公司成都方大炭炭复合材料股份有限公司(以下简 称成都炭材)本次购买的中国民生银行股份有限公司聚赢汇率-挂钩欧元对美元 汇率结构性存款（SDGA242634Z），风险评级为低风险（一级）。该产品为保本 浮动收益型结构性存款产品，保障本金及合同约定的最低收益 1.2%，可能面临 市场风险 ...

甘肃金城律师事务所 致：方大炭素新材料科技股份有限公司 关于方大炭素新材料科技股份有限公司2024年第八次临时股东大会 的法律意见书 （2024）甘金律书字 1507 号 方大炭素新材料科技股份有限公司（简称"公司"）2024 年第八次临时股东大会（简称 "本次会议"）于 2024 年 12 月 25 日召开。甘肃金城律师事务所接受公司委托，指派魏彦珩 律师、张明兴律师（简称"本所律师"）出席本次会议。根据《中华人民共和国公司法》(简 称"《公司法》")、《中华人民共和国证券法》(简称"《证券法》")、《上市公司股东大 会规则》(简称"《股东大会规则》")、《方大炭素新材料科技股份有限公司章程》 (简称"《公 司章程》")的规定，本所律师就本次会议的召集、召开程序、出席会议人员资格、表决程序 等相关事项进行见证，并发表法律意见。为出具本法律意见，本所律师出席了本次会议，并审 查了公司提供的以下文件，包括但不限于: (四)公司本次会议现场参会股东到会登记记录及凭证资料； (五)公司本次会议股东表决情况凭证资料； (六)本次会议其他会议文件。 公司保证：向本所律师提供了出具本法律意见所必需的材料，所提供的原始材料 ...

证券代码：600516 证券简称：方大炭素 公告编号：2024-095 方大炭素新材料科技股份有限公司 2024 年第八次临时股东大会决议公告 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： 本次会议是否有否决议案：无 一、会议召开和出席情况 （一）股东大会召开的时间：2024 年 12 月 25 日 （二）股东大会召开的地点：甘肃省兰州市红古区海石湾镇方大炭素办公楼 五楼会议室。 （三）出席会议的普通股股东和恢复表决权的优先股股东及其持有股份情况： | 1.出席会议的股东和代理人人数 | 1,447 | | --- | --- | | 2.出席会议的股东所持有表决权的股份总数（股） | 1,585,525,405 | | 3.出席会议的股东所持有表决权股份数占公司有表决权股份总数的 | 41.9829 | | 比例（%） | | （四）表决方式是否符合《公司法》及《公司章程》的规定，大会主持情况 等。 本次会议由公司董事会召集，董事长马卓先生主持本次会议，本次会议以现 1.公司在任董事 11 人，出席 11 ...

本公司及董事会全体成员保证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、准确和完整承担个别及连带责任。 重要内容提示: 方大炭素新材料科技股份有限公司（以下简称公司）控股股东辽宁方大集团 实业有限公司（以下简称方大集团）持有公司股份1,524,413,321股，占公司总 股本的37.86%。本次质押及解除质押后，方大集团累计质押股份597,908,590股， 占其所持有公司股数的39.22%，占公司总股本的14.85%。 公司收到方大集团将其持有的公司部分股份质押及解除质押的通知，具体情 况如下： 证券代码 ：600516 证券简称： 方大炭素 公告编号：2024—093 方大炭素新材料科技股份有限公司 关于公司控股股东部分股份质押及解质的公告 一、股份质押情况 2024年12月19日，方大集团将105,000,000股股票质押给华夏银行股份有限 公司沈阳中山广场支行，并已在中国证券登记结算有限责任公司办理了股份质押 登记手续。 | | | | | 是否为限 | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- ...