证券代码：600586 证券简称：金晶科技 公告编号：临 2024-027 关于召开 2024 年半年度业绩说明会的公告 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： https://roadshow.sseinfo.com/） 会议召开方式：上证路演中心网络互动 投资者可于 2024 年 08 月 22 日(星期四) 至 08 月 28 日(星期三)16:00 前 登录上证路演中心网站首页点击"提问预征集"栏目或通过公司邮箱 yuhaokun@cnggg.cn 进行提问。公司将在说明会上对投资者普遍关注的问题进行 回答。 山东金晶科技股份有限公司（以下简称"公司"）已于 2024 年 8 月 20 日发布 公司 2024 年半年度报告，为便于广大投资者更全面深入地了解公司 2024 年上半 年经营成果、财务状况，公司计划于 2024 年 08 月 29 日下午 16:00-17:00 举行 2024 年半年度业绩说明会，就投资者关心的问题进行交流。 一、 说明会类型 本次投资者说明会以网络互动形式召开，公司 ...

Summary of the Conference Call for Jinjing Technology's Semi-Annual Report Company Overview - **Company**: Jinjing Technology - **Date of Conference Call**: August 20, 2024 Key Points Financial Performance - **Revenue**: The company's revenue for the first half of 2024 showed a decline compared to the same period last year, primarily due to a decrease in average selling prices despite stable sales volumes in certain segments [3][6] - **Profitability**: Overall profit margins improved slightly due to a larger decrease in costs compared to the revenue decline, particularly in the chemical products segment [6][37] - **Segment Performance**: - **Glass Segment**: Revenue remained stable year-on-year, with a notable increase in gross margins by over 10% [4][11] - **Chemical Products**: Experienced a revenue decline, but gross margins improved due to significant cost reductions [6][37] - **Photovoltaic Glass**: Achieved a substantial increase in gross margins, attributed to both domestic and international sales [5][10] Market Dynamics - **Pricing Strategy**: The pricing for overseas contracts is relatively stable, with slight annual fluctuations based on long-term agreements [8][10] - **Demand Outlook**: The demand for glass products, particularly in the construction sector, remains closely tied to the real estate market, which is currently underperforming [26][27] - **Production Adjustments**: The company is considering production adjustments, including potential line switches to higher-margin products like ultra-white glass, but is cautious about market supply pressures [18][19] Industry Trends - **Capacity Management**: The industry is experiencing a gradual reduction in capacity, with some companies planning maintenance shutdowns to manage supply [22][24] - **Future Projections**: The overall market outlook remains cautious, with expectations of continued low demand in the short term, particularly influenced by real estate investment trends [43][44] Strategic Initiatives - **Acquisition**: The company has acquired a 50% stake in Saint-Gobain, which is seen as a strategic move to strengthen its market position amid a challenging industry environment [35][36] - **Product Development**: There is a focus on developing differentiated products to enhance profitability, including high-end glass products and potential overseas production capabilities [27][41] Additional Insights - **Cost Management**: The company has successfully reduced costs in raw materials, which has positively impacted profit margins despite revenue challenges [38][39] - **Long-term Vision**: The management emphasizes a commitment to innovation and adapting production lines to meet changing market demands, particularly in high-value segments [28][41] This summary encapsulates the essential insights from the conference call, highlighting Jinjing Technology's financial performance, market dynamics, strategic initiatives, and industry trends.

来源：公司年报、国金证券研究所 金晶科技 (600586.SH) 买入(维持评级) 公司点评 证券研究报告 马来子公司量利双升，关注海外 TCO 业绩简评 2024 年 8 月 19 日公司披露半年报，上半年实现营收 35.5 亿元， 同比下降 4.4%；实现归母净利润 2.7 亿元，同比增长 5.2%。其中， Q2 实现营收 17.7 亿元，同比下降 2.0%；实现归母净利润 1.0 亿 元，同比下降 39.8%。 经营分析 海外需求持续释放，马来金晶量利双升：公司马来西亚子公司主 要为 First Solar 生产薄膜组件玻璃，受益于美国本土制造光伏 需求持续释放以及原材料成本改善，上半年马来金晶科技实现营 业收入 2.86 亿元，同比增长 8.6%；实现净利润 0.39 亿元，同比 增长 53.2%。 受纯碱价格下降影响，二季度毛利率环比下降：公司二季度实现 毛利率 18.2%，环比一季度下降约 3.8pct，我们判断二季度毛利 率下降主要受纯碱价格下降影响。上半年纯碱累计产量1887万吨， 同比增加 19.3%，但下游需求增速放缓，纯碱价格呈现下跌走势。 房地产需求不振带动浮法玻璃价格下跌，联营企业亏 ...

证券代码：600586 证券简称：金晶科技 公告编号：临 2024—022 山东金晶科技股份有限公司 八届二十次董事会决议公告 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。 山东金晶科技股份有限公司董事会于 2024 年 8 月 7 日通过电话、邮件等方 式发出召开八届二十次董事会的通知，会议于 2024 年 8 月 17 日以现场与视频相 结合的方式在公司会议室召开，会议应出席董事 8 名，实际出席会议董事 8 名， 公司监事、高级管理人员列席本次会议，会议由公司董事长王刚先生主持，符合 《公司法》、《公司章程》的规定，经与会董事审议，一致同意通过如下事项： 一、山东金晶科技股份有限公司 2024 年半年度报告以及摘要 本议案已获得本届董事会审计委员会事前认可并同意提交八届二十次董事 会审议。 详见公告编号为临 2024-026 的临时公告《山东金晶科技股份有限公司关于 财务总监退休离任以及聘任财务总监的公告》。 特此公告 二、山东金晶科技股份有限公司关于全资孙公司申请银行授信的议案 同意 8 票，反对 0 票，弃权 0 ...

证券代码：600586 证券简称：金晶科技 公告编号：临 2024-024 山东金晶科技股份有限公司 关于全资孙公司申请银行授信的公告 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。 山东金晶科技股份有限公司（以下简称"公司"）于 2024 年 8 月 17 日召开的 八届二十次董事会审议通过了《山东金晶科技股份有限公司关于全资孙公司申请 银行授信的议案》。现将相关内容公告如下： 一、本次申请授信额度的情况 为保证公司正常生产经营需要，公司全资孙公司滕州金晶新材料有限公司、 滕州金晶玻璃有限公司拟申请银行综合授信，该银行授信主要用于原材料的采购、 补充流动资金等，授信额度不等于公司的实际融资金额，实际融资金额应以各银 行与公司实际发生的融资金额为准。本次拟申请情况如下： | 单位名称 | 银行名称 | 新增授信（万元） | | --- | --- | --- | | 滕州金晶新材料有限公司 | 威海银行滕州支行 | 6000 | | 滕州金晶玻璃有限公司 | 北京银行济南分行 | 10000 | | 滕州金晶玻璃有限公司 | ...

关于财务总监退休离任以及聘任财务总监的公告 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。 证券代码：600586 证券简称：金晶科技 公告编号：临 2024-026 山东金晶科技股份有限公司 一、财务总监退休离任情况 1、公司董事会于 2024 年 8 月 17 日收到财务总监栾尚运先生递交的退休离 任报告。栾尚运先生因达到法定退休年龄，申请退休离任辞去公司财务总监职务。 根据相关法律法规及《公司章程》的规定，栾尚运先生的退休离任报告自送达公 司董事会之日起生效。退休离任后，栾尚运先生不再担任公司任何职务。 2、截至本公告披露日，栾尚运先生持有公司股份 10800 股，其持有公司股 份将严格遵守《上市公司董事、监事和高级管理人员所持本公司股份及其变动管 理规则》、《上海证券交易所上市公司自律监管指引第 15 号——股东及董事、监 事、高级管理人员减持股份》等法律法规中有关上市公司离任高级管理人员减持 股份的规定。 公司及公司董事会对栾尚运先生在任职期间为公司所做的工作表示由衷的 感谢！ 二、公司财务总监聘任情况 根据《公司法 ...

证券代码：600586 证券简称：金晶科技 公告编号：临 2024—023 特此公告 山东金晶科技股份有限公司 八届十次监事会决议公告 1、2024 年半年报编制和审议程序符合法律、法规、公司章程和公司内部管 理制度的各项规定； 2、2024 年半年报的内容和格式符合中国证监会和证券交易所的各项规定， 所包含的信息能够从各个方面真实地反映出公司当年度的经营管理和财务状况 等事项； 3、参与半年报编制和审议的人员有没有违反保密规定的行为。 同意 5 票，反对 0 票，弃权 0 票 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。 山东金晶科技股份有限公司监事会于 2024 年 8 月 7 日以电话方式发出召开 八届十次监事会的通知，会议于 2024 年 8 月 17 日以现场会议的方式在公司会议 室召开，会议应到监事 5 名，实到监事 5 名，会议由监事会主席蒋永蕊先生主持， 符合《公司法》和《公司章程》的规定，经与会监事审议，一致形成如下决议： 审议通过了山东金晶科技股份有限公司 2024 年半年度报告以及摘要的议案， 并 ...

证券代码：600586 证券简称：金晶科技 公告编号：临 2024-025 山东金晶科技股份有限公司 为全资孙公司银行授信提供担保的公告 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法律责任。 重要内容提示： ●被担保人名称：滕州金晶玻璃有限公司、滕州金晶新材料有限公司，本公 司全资孙公司。 ●本次担保数量及累计为其担保数量：本次本公司拟为滕州金晶玻璃有限公 司 40000 万元（北京银行济南分行 10000 万元，青岛银行滕州支行 10000 万元， 汇丰银行青岛分行 20000 万元）、滕州金晶新材料有限公司威海银行滕州支行 6000 万元银行授信提供担保，本公司为滕州金晶玻璃有限公司、滕州金晶新材 料有限公司提供担保的余额分别为 40331.87 万元、17750 万元。 ●本次是否有反担保：无 ●对外担保逾期的累计数量：0 一、担保情况概述 （一）担保基本情况 近日，滕州金晶玻璃有限公司、滕州金晶新材料有限公司拟与有关金融机构 签订《综合授信合同》等文件，其中由本公司为上述融资主体综合授信提供连带 责任保证。 （二）上市公司就 ...

Financial Performance - The company's operating revenue for the first half of 2024 was CNY 3,549,795,345.29, a decrease of 4.44% compared to CNY 3,714,634,109.20 in the same period last year[13]. - The net profit attributable to shareholders of the listed company was CNY 274,769,562.01, an increase of 5.23% from CNY 261,114,818.18 in the previous year[13]. - The net profit after deducting non-recurring gains and losses was CNY 261,509,741.23, up by 1.73% from CNY 257,070,902.86 year-on-year[13]. - The basic earnings per share for the first half of 2024 was CNY 0.1939, reflecting a growth of 6.07% compared to CNY 0.1828 in the same period last year[14]. - The net cash flow from operating activities was CNY 532,613,325.43, an increase of 3.06% from CNY 516,790,775.97 in the previous year[13]. - The total assets at the end of the reporting period were CNY 11,529,317,457.64, a slight increase of 1.06% from CNY 11,408,634,087.87 at the end of the previous year[13]. - The net assets attributable to shareholders of the listed company at the end of the reporting period were CNY 5,947,602,796.84, showing an increase of 1.83% from CNY 5,840,785,678.51 at the end of the previous year[13]. - The company's operating revenue for the reporting period was approximately CNY 3.55 billion, a decrease of 4.44% compared to the previous year[21]. - The cost of goods sold decreased by 8.15% to approximately CNY 2.84 billion, primarily due to a decline in the prices of raw materials and fuels[21]. - The company reported a significant increase in accounts receivable by 35.20% to approximately CNY 395.63 million, attributed to the growth in business scale[22]. Production and Capacity - The effective production capacity of soda ash reached approximately 36.6 million tons per year, an increase of over 4.8 million tons, representing a 15% growth year-on-year[17]. - The cumulative soda ash production in the first half of 2024 was 18.87 million tons, an increase of 19.3% year-on-year[17]. - The daily melting capacity of photovoltaic glass increased significantly from 56,500 tons in 2022 to 111,900 tons in the first half of 2024[17]. - The average utilization rate of production capacity for float glass remained high at 84.09% as of the end of June 2024[17]. - The production capacity of the soda ash business is around 1.35 million tons annually, with ongoing projects to reduce energy consumption and improve operational efficiency[21]. Market and Strategic Initiatives - The company is actively expanding its market presence in North and Northwest China and responding to the "Belt and Road" initiative for overseas expansion[19]. - The company’s brand "Jinjing" has been applied in several landmark buildings, enhancing its market recognition[19]. - The company anticipates a decline in industry daily melting capacity in the second half of 2024 due to reduced demand and traditional off-season maintenance[17]. Environmental and Compliance - The company has implemented a comprehensive environmental monitoring system, with real-time online monitoring of emissions at production lines[40]. - The company has constructed and optimized pollution control facilities, ensuring stable compliance with environmental standards[37]. - The concentration of sulfur dioxide emissions at the main facility is approximately 30 mg/m3, which is below the emission limit for key control areas as per the standards[1]. - The nitrogen oxide concentration at the main facility is 80 mg/m3, also below the regulatory limit for key control areas[1]. - The company has received all necessary environmental permits from local authorities for its operations[38]. - The company has reduced carbon emissions by 4,729 tons through various measures, including optimizing melting processes and introducing new energy-saving technologies[42]. Financial Position and Liabilities - The total amount of guarantees provided by the company, including those to subsidiaries, is CNY 1,496,610,515.01, which accounts for 25.16% of the company's net assets[50]. - The total amount of guarantees to subsidiaries during the reporting period is CNY 874,500,000.00[50]. - The company has no significant litigation or arbitration matters during the reporting period[44]. - The company has maintained a good integrity status with no significant debts overdue or unfulfilled court judgments[44]. - The total current assets as of June 30, 2024, amounted to CNY 4,446,050,826.27, an increase from CNY 4,002,119,987.79 as of December 31, 2023, reflecting a growth of approximately 11.1%[56]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period is 99,435[51]. - The company has a share repurchase account holding 11,432,300 shares, indicating ongoing efforts to manage shareholder value[53]. - The company has committed to maintaining a minimum market sale price of 9.36 yuan per share for its stock[43]. Accounting and Financial Reporting - The company’s financial statements comply with the latest enterprise accounting standards issued by the Ministry of Finance[82]. - The company identifies the importance of financial statement items based on their impact on users' economic decisions, considering both nature and amount[88]. - The company assesses expected credit losses for receivables based on credit risk characteristics, using historical loss experience and current economic forecasts[96]. - The company recognizes revenue when control of goods or services is transferred to customers, based on the transaction price allocated to the performance obligation[135]. Investment and Capital Expenditures - The company completed the acquisition of Shandong Jinjing Glass Co., Ltd. for an investment amount of 69,352,409 RMB, holding a 100% stake[28]. - The company acquired a 50% stake in Shandong Jinjing Saint-Gobain Glass Co., Ltd. from Saint-Gobain Glass, funded by self-raised capital, to enhance resource integration and future layout[27]. - The company has additional investments in joint ventures totaling 6,991,587.00 RMB during the period[176]. Research and Development - Research and development expenses increased to CNY 100,976,862.04, up 8.93% from CNY 92,638,152.28 in the first half of 2023[62]. - The photovoltaic glass segment is focusing on stabilizing production processes and enhancing product quality, with plans to develop new customer resources for future capacity releases[20].

Summary of Conference Call Company/Industry Involved - The conference call is related to a company referred to as "Green Component" (绿件) Core Points and Arguments - The meeting began with a statement indicating that all participants were muted and that the meeting was being recorded for accuracy in investment decision-making [1] - The host, identified as "艾尔," welcomed investors to the event, which is part of a series focused on business expertise [1] Other Important but Possibly Overlooked Content - There was a mention of a Q&A session following the main presentation, allowing investors to engage and ask questions [1]