证券代码：600810 证券简称：神马股份 公告编号：2025-023 根据中国证券监督管理委员会《上市公司监管指引第 2 号——上市公司募集资金管理和使用的监管要求（2022 年修 订）》（证监会公告〔2022〕15 号）、《上海证券交易所上 市公司自律监管指引第 1 号——规范运作》以及《上海证券 交易所上市公司自律监管指南第 1 号——公告格式》的相关 规定，本公司就 2024 年度募集资金存放与使用情况作如下 专项报告： 一、募集资金基本情况 （一）非公开发行股票和可转换公司债券募集资金情况 根据中国证券监督管理委员会《关于核准神马实业股份 有限公司向中国平煤神马能源化工集团有限责任公司发行 股份和可转换公司债券购买资产并募集配套资金的批复》 （证监许可〔2020〕2019 号）： 本公司由主承销商中原证券股份有限公司采取非公开 发行方式，向特定对象非公开发行股票 82,079,343 股，发 1 行价格为每股 7.31 元，募集资金人民币 599,999,997.33 元， 扣除承销费用 11,320,754.67 元后募集资金总额为 588,679,242.66 元，扣除其他发行费用 1,379, ...

证券代码：600810 证券简称：神马股份 公告编号：2025-027 神马实业股份有限公司 关于 2024 年度募集资金存放与使用情况专项报告的 神马实业股份有限公司于 2025 年 3 月 20 日在上海证券交易所网站（www.sse.com.cn）披露了《神马股份 2024 年 度募集资金存放与使用情况专项报告》。经事后核查，《神马股份 2024 年度募集资金存放与使用情况专项报告》中部分信 息列示有误，现予以更正。 一、需要更正的内容 1、《神马股份 2024 年度募集资金存放与使用情况专项报告》之"四、变更募投项目的资金使用情况"。 更正前： 四、变更募投项目的资金使用情况 本公司不存在变更募投项目的资金使用情况。 更正后： 四、变更募投项目的资金使用情况 更正公告 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。 本公司于 2024 年 6 月 12 日召开第十一届董事会第三十七次会议、第十一届监事会第十三次会议，审议通过了《关 于部分募集资金投资项目终止的议案》，同意终止公司可转换公司债券募投项目"年产 24 万吨 ...

Financial Performance - The net profit attributable to the parent company for 2024 is CNY 33,529,751.5, with a distributable profit of CNY 437,994,051.86[7]. - The company’s operating revenue for 2024 was CNY 13,968,410,639.05, representing a 4.08% increase compared to CNY 13,420,731,137.29 in 2023[24]. - The net profit attributable to shareholders decreased significantly by 77.57% to CNY 33,529,751.50 from CNY 149,456,379.11 in the previous year[24]. - The basic earnings per share dropped by 78.57% to CNY 0.03 from CNY 0.14 in 2023[25]. - The weighted average return on equity decreased by 1.44 percentage points to 0.42% compared to 1.86% in 2023[25]. - The company reported a significant decline in net profit after deducting non-recurring gains and losses, which was CNY -92,395,867.64, a decrease of 204.80% from CNY 88,166,400.88 in 2023[24]. - The company’s net assets attributable to shareholders decreased by 10.87% to CNY 7,163,297,346.30 from CNY 8,036,472,658.28 in 2023[24]. - The company achieved a net profit margin of 35.5%, indicating strong profitability in its operations[135]. Dividend and Shareholder Returns - The company plans to distribute a cash dividend of CNY 0.50 per 10 shares, totaling CNY 48,733,694[7]. - The total cash dividend amount (including tax) for the last three fiscal years is RMB 325,778,238.84[168]. - The total amount for share repurchase and cancellation over the last three fiscal years is RMB 199,841,235.14[168]. - The cumulative amount of cash dividends and share repurchases over the last three fiscal years is RMB 525,619,473.98[168]. - The cash dividend ratio over the last three fiscal years is 342.57%[168]. - The company is committed to improving shareholder returns, with a proposed dividend increase of 5% for the upcoming fiscal year[138]. Operational Efficiency and Investments - The company has implemented a stock incentive plan, granting 9.826 million restricted shares to 215 management and core personnel, enhancing motivation and creativity[37]. - The company has invested a total of 421.76 million yuan in share repurchase tools to stabilize investor confidence and enhance market trust[37]. - The company is focusing on high-quality development in the nylon industry, supported by government policies encouraging the production of high-end products[78]. - The company plans to enhance its market expansion strategies and invest in new product development to improve future performance[50]. - The company plans to invest in a new production base in Thailand with an initial registered capital of 5 million THB, where it will hold a 70% stake[57]. - The company has significant investments in construction projects, with a 65.28% increase in construction in progress to ¥6,847,865,360.48 from ¥4,143,155,840.46[73]. Research and Development - The company holds 22 authorized invention patents and 49 utility model patents, showcasing its strong research and development capabilities[45]. - The company has 689 R&D personnel, accounting for 8.5% of the total workforce, with a focus on enhancing the quality of nylon 66 chips and developing new nylon 66 resins[65][67]. - The company invested approximately 50.48 million yuan in R&D, representing 3.61% of its total revenue, focusing on technology upgrades and sustainable development[83]. - Research and development investments increased by 18%, focusing on sustainable technologies and product innovation[141]. Environmental and Social Responsibility - The company has implemented carbon reduction measures, successfully reducing carbon dioxide equivalent emissions by 24,229.93 tons during the reporting period[197]. - The company has established a mechanism for environmental protection and is classified as a key pollutant discharge unit by environmental authorities[182]. - The company invested approximately 91.36 million yuan in environmental protection during the reporting period[181]. - The company provided material discounts totaling 585,200 RMB, benefiting 3,200 individuals through various forms of assistance such as industrial poverty alleviation and consumer support[198]. Governance and Compliance - The company has established a robust governance structure with independent directors ensuring oversight[134]. - The company is committed to improving its governance structure and ensuring compliance with relevant laws and regulations to maintain operational independence[127]. - The company maintains an independent financial department with a separate accounting system and bank accounts, ensuring no financial overlap with the controlling shareholder[129]. - The company has not reported any significant changes in its competitive landscape or business operations due to the actions of its controlling shareholder[129]. Market Expansion and Strategy - The company plans to expand its market presence in Southeast Asia, targeting a 15% market share by 2025[135]. - The company is actively managing raw material procurement to lower overall costs and improve market competitiveness[116]. - The company is facing increased competition in the nylon 66 industry, prompting strategies to optimize product structure and improve product quality[120]. - The company is currently developing flame-retardant nylon 66 resin for spinning applications[68]. Financial Health and Projections - The expected operating income for 2024 is 14.3 billion yuan, with operating costs of 12.5 billion yuan and expenses of 1.4 billion yuan, reflecting a revenue decrease of 1.6% compared to the previous year[120]. - The company has maintained a strong liquidity position, with cash reserves amounting to 42.2 million, ensuring financial stability for future investments[135]. - The company reported a significant increase in revenue, achieving a total of 1.2 billion CNY for the fiscal year, representing a 15% year-over-year growth[138].

Investment Rating - The report maintains an "Accumulate" rating for the company [1] Core Views - The company experienced a decline in performance in 2024, with a revenue of 13.97 billion yuan, a year-on-year increase of 4%, and a net profit attributable to shareholders of 34 million yuan, a year-on-year decrease of 78% [3][4] - The nylon industry is facing a downturn, impacting the company's performance, particularly in the sales prices of nylon products [4] - The company is actively enhancing its nylon industry chain layout and expanding into Southeast Asian markets, including establishing a subsidiary in Thailand [5][6] Summary by Sections Financial Performance - In 2024, the company reported a revenue of 139.7 billion yuan, with a net profit of 0.34 billion yuan, reflecting a significant decline compared to the previous year [3][4] - The sales volume of nylon 66 chips was 181,000 tons, up 4% year-on-year, while the average selling price decreased by 1.3% to 17,430 yuan/ton [4] - The company’s nylon 66 industrial yarn sales increased by 15.4% year-on-year, but the average selling price fell by 9.9% [4] Industry Positioning - The company is a leading player in the nylon 66 industry and is expected to benefit from future industry improvements [7] - The company is expanding its product offerings and enhancing its competitive edge through strategic partnerships and new projects [5][6] Future Outlook - The company has introduced a stock incentive plan to boost confidence in future growth, with performance targets set for 2025-2027 [6] - Profit forecasts for 2025-2027 have been adjusted downward due to the current industry conditions, with expected net profits of 0.45 billion yuan, 0.89 billion yuan, and 1.32 billion yuan respectively [7][10]

神马股份 20250321 摘要 • 2024 年己二酸行业普遍亏损，公司因产业链联控维持 99.99%高开工率， 内部消耗部分并外销约 50%。预计 2025 年行业无明显回暖，但公司不降 低产能。 • PA66 切片价格自 2024 年初持续下跌，目前约 17,500 元/吨，预计 2025 年或有修复。价格下跌主因新增产能释放，但有效性存疑，客户群 体稳定且原材料供给不足。 • 工业丝毛利稳定在 20%左右，得益于产品品质高、客户粘性大（国际主流 轮胎汽车厂商，验证周期长）。帘子布利润受售价降低及原材料苯价格上 涨影响。 • 民用领域盈利水平预计高于去年，受益于 20 万吨投料试车带来的折旧分 摊改善。公司整体销售和生产成本有所降低，未来销售价格预计提升，综 合毛利率预计维持在 11%-14%之间。 • 泰国项目预计 2025 年 7 月投产，初期工业丝 1 万吨，后续帘子布 1 万吨， 面向国内稳定轮胎企业客户及全球前十大轮胎企业，毛利率预计高于国内， 总体盈利能力较强，且目前无关税风险。 Q&A 公司 2024 年的营业收入和毛利率情况如何？ 公司 2024 年民用 66 帘子布的整体营收约为 21 ...

神马实业股份有限公司 2025 年第一次临时股东大会 会议材料 2025 年 3 月 27 日 2022 年第九次临时股东大会 | 2025 年第一次临时股东大会会议议题 1 | | --- | | 议案一： 1 | | 关于为全资子公司平煤神马融资租赁有限公司提供担保的议案 1 | | 议案二： 2 | | 关于为公司控股子公司河南神马锦纶科技有限公司提供担保的议案2 | | 议案三： 3 | | 关于为公司控股子公司河南神马尼龙化工有限责任公司下属全资子 | | 公司提供担保的议案 3 | | 议案四 4 | | 关于为公司控股子公司平顶山神马帘子布发展有限公司提供担保的 | | 议案 4 | | 议案五 5 | | 关于为参股子公司河南首恒新材料有限公司提供担保的议案 5 | 2025 年第一次临时股东大会 2025 年第一次临时股东大会会议议题 四、关于为公司控股子公司平顶山神马帘子布发展有限公司提供 担保的议案。 五、关于为参股子公司河南首恒新材料有限公司提供担保的议案。 2025 年第一次临时股东大会 议案一： 关于为全资子公司平煤神马融资租赁有限公司提供担 保的议案 各位股东、各位代表： 一、关 ...

Summary of Shenyang Chemical Co., Ltd. Conference Call Company Overview - **Company**: Shenyang Chemical Co., Ltd. (神马股份) - **Date**: March 20, 2025 Key Financials - **Total Revenue for 2024**: 28 billion CNY with a gross margin of 13% [4] - **Revenue Breakdown**: - Nylon 66 chips: 9.6 billion CNY, gross margin 6.4% [4] - Adipic acid: 12 billion CNY, gross margin 2.05% [4] - Nylon civilian silk: 3 billion CNY, gross margin approximately 5% [4] - **Q1 2025 Performance**: Revenue and operational performance remained stable compared to Q1 2024, with slight improvement from Q4 2024, mainly due to increased sales of nylon civilian silk [42] Product Performance - **Nylon 66 Chips**: Price decreased from 18,500 CNY/ton to 17,500 CNY/ton in Q4 2024 due to increased capacity and reduced demand [4][5] - **Tire Fabric**: Margins decreased due to changes in tire demand and increased supply [4][5] - **Industrial Silk**: Maintained stable profits due to stable customer relationships [4][5] Market Dynamics - **Global Market Share**: Tire fabric and industrial silk account for 30% of global production, with only 1% growth in global tire demand [6] - **New Entrants**: Current market expansion is primarily from existing players increasing capacity [6] Expansion Plans - **Thailand Operations**: Established Shenyang Long Thailand Company to produce industrial silk and tire fabric, with plans to transfer some nylon 66 chip production to Thailand [7][8] - **Production Timeline**: Expected trial production for industrial silk in July 2025, with tire fabric production starting in Q4 2025 [8] Profitability and Cost Management - **Catalytic Technology**: Projected profit of approximately 60 million CNY for 2024, with a net profit of 30-31 million CNY and a gross margin of 30%-40% [17] - **Cost Management**: Focus on reducing costs through self-sufficient raw materials and expanding modified nylon production capacity [28] Future Outlook - **Potential Growth Areas**: Safety airbag silk and nylon 66 projects are expected to have significant growth potential due to stable market demand [35] - **Profit Recovery**: Profitability in 2025 may face pressure due to declining sales prices and rising raw material costs, with recovery dependent on macro market conditions [36] Industry Challenges - **Overcapacity Risks**: The nylon fiber industry is currently facing overcapacity, necessitating strategic adjustments to manage supply and demand [32][44] - **Price Trends**: The price of nylon 66 has been declining, with potential for further decreases if domestic production increases [30][34] Additional Insights - **Long-term Contracts**: Engaged in long-term contracts with suppliers like NVIDIA, ensuring stable raw material quality despite higher costs [14] - **Investment in Technology**: Collaborating with companies like Eastman for deep cooperation in civilian silk production [11] This summary encapsulates the key points from the conference call, highlighting the financial performance, market dynamics, expansion plans, and future outlook for Shenyang Chemical Co., Ltd.

证券代码：600810 证券简称：神马股份 公告编号：2025-026 神马实业股份有限公司 2024 年年度报告更正公告 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。 神马实业股份有限公司于 2025 年 3 月 20 日在上海证券交易所网站（www.sse.com.cn）披露了《2024 年年度 报告》。经事后核查，《2024 年年度报告》中部分信息列示有误，现予以更正。本次更正不会对公司 2024 年度财 务状况和经营成果造成影响。 一、需要更正的内容 1、《2024 年年度报告》"第二节公司简介和主要财务指标"之"七、 近三年主要会计数据和财务指标(一) 主要会计数据" 。 更正前： 1 更正后： 单位：元 币种：人民币 | 主要会计数据 | 2024年 | 2023年 | | 本期比上年同 期增减(%) | 2022年 | | --- | --- | --- | --- | --- | --- | | | | 调整后 | 调整前 | | | | 营业收入 | 13,968,410,639.05 | 13,420,7 ...

神马实业股份有限公司 营业收入扣除情况表的鉴证报告 二〇二四年度 in the . . the state of the t and the subject of : ： the state of the the i · · 神马实业股份有限公司全体股东: · 我们审计了神马实业股份有限公司(以下简称"神马股份")2024 年度的财务报表,包括 2024年 12月 31 日的合并及母公司资产负债 表、2024年度合并及母公司利润表、合并及母公司现金流量表、合并 及母公司所有者权益变动表和相关财务报表附注,并于 2025年 3 月 18 日出具了报告号为信会师报字[2025]第 ZB10039 号的无保留意见 审计报告。 在对上述财务报表执行审计的基础上,我们接受委托,对后附的 神马股份2024年度营业收入扣除情况表(以下简称"营业收入扣除情 况表")执行了合理保证的鉴证业务。 管理层的责任 神马股份管理层的责任是按照《上海证券交易所股票上市规则 (2023年2月修订)》和《上海证券交易所上市公司自律监管指南第2 号 -- 业务办理(2022年12月修订)》的相关规定编制营业收入扣除 情况表,确保营业收入扣除情 ...

神马实业股份有限公司 内部控制审计报告 2024 年度 第1页 "。 台 (http://acc. 报告编码:沪25 立信会计师事务所(特殊普通合伙) O CHINA SHU LUN PAN CERTIFIED PUBLIC ACCOUNTANT 内部控制审计报告 信会师报字[2025]第 ZB10040 号 神马实业股份有限公司全体股东: 按照《企业内部控制审计指引》及中国注册会计师执业准则的相 关要求,我们审计了神马实业股份有限公司(以下简称神马股份)2024 年 12月 31 日的财务报告内部控制的有效性。 一、企业对内部控制的责任 按照《企业内部控制基本规范》、《企业内部控制应用指引》、《企 业内部控制评价指引》的规定,建立健全和有效实施内部控制,并评 价其有效性是神马股份董事会的责任。 二、注册会计师的责任 我们的责任是在实施审计工作的基础上,对财务报告内部控制的 有效性发表审计意见,并对注意到的非财务报告内部控制的重大缺陷 进行披露。 三、内部控制的固有局限性 内部控制具有固有局限性,存在不能防止和发现错报的可能性。 此外,由于情况的变化可能导致内部控制变得不恰当,或对控制政策 和程序遵循的程度降 ...