根据《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 11 号——持续督导》等有关法律、法规的规定，中信证券股份有限公司 （以下简称"中信证券"或"保荐人"）作为正在对神马实业股份有限公司（以 下简称"神马股份""上市公司""公司"）进行持续督导工作的保荐人，对 2024 年度（以下简称"本持续督导期间"）的规范运作情况进行了现场检查，现就现 场检查的有关情况报告如下： 一、本次现场检查的基本情况 （一）保荐人 中信证券股份有限公司 关于神马实业股份有限公司 2024年持续督导工作现场检查报告 上海证券交易所： 中信证券股份有限公司 （二）保荐代表人 （三）现场检查人员 王滋楠、程宣启 （四）现场检查时间 2024 年 8 月 26 日、2025 年 3 月 27 日 （五）现场检查内容 现场检查人员对本持续督导期内发行人公司治理和内部控制情况、信息披露 情况、公司的独立性以及与控股股东、实际控制人及其他关联方资金往来情况、 募集资金使用情况、关联交易、对外担保、重大对外投资情况、经营状况等方面 王滋楠、程宣启 1 进行了现场检查，具体检查内容详见本报告"二、本次现场检查主要事项及意见" ...

中信证券股份有限公司 一、日常关联交易基本情况 （一）日常关联交易履行的审议程序 2025 年 3 月 18 日，公司召开了十一届董事会第五十四次会议和十一届监事 会二十一次会议，审议通过了《关于公司 2024 年日常关联交易执行情况及 2025 年日常关联交易预计情况的议案》，董事会审议该关联交易议案时，关联董事李 本斌先生、张电子先生、刘信业先生回避表决，也未代理非关联董事行使表决权， 与会的非关联董事一致同意了上述关联交易事项。此议案尚需提交公司股东大会 审议，关联股东将在股东大会上对此议案回避表决。公司 2025 年第二次独立董 事专门会议审议通过了该议案，公司全体独立董事一致同意该议案，并同意将该 议案提交公司董事会审议。 （二）2024 年日常关联交易预计与执行情况 | | | 2024 | 年预 | 2024 年对 | | --- | --- | --- | --- | --- | | 关联方 | 关联交易内容 | 计金额 | | 应发生额 | | | | （万元） | | （万元） | | 中国平煤神马控股集团有限公司 | 采购材料、采购设 采购 备、运输服务等 | 593,693.31 | ...

中信证券股份有限公司 对神马实业股份有限公司 关于中国平煤神马集团财务有限责任公司 2024 年度风险持续评估报告的核查意见 中信证券股份有限公司（以下简称"保荐人"）作为神马实业股份有限公司（以 下简称"神马股份"或"公司"）向不特定对象发行可转换公司债券的保荐人，根据 《证券发行上市保荐业务管理办法》《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 11 号——持续督导》等法律法规的要求，对神马股份 履行了持续督导义务，根据《上海证券交易所上市公司自律监管指引第 5 号——交易 与关联交易》的规定等有关规定，对公司《关于中国平煤神马集团财务有限责任公司 2024 年度风险持续评估报告》进行了核查，具体情况如下： 一、中国平煤神马集团财务有限责任公司基本情况 注册地址：平顶山市矿工中路 21 号 1 经营范围：吸收成员单位存款；办理成员单位贷款；办理成员单位票据贴现与票 据承兑；办理成员单位资金结算与收付；提供成员单位委托贷款、债券承销、非融资 性保函、财务顾问、信用鉴证及咨询代理业务；从事同业拆借；办理成员单位产品买 方信贷；从事固定收益类有价证券投资；监管部门批准的其他业务。 二、 ...

Investment Rating - The report assigns an "Accumulate" rating to the company, indicating a potential increase of 5% to 15% relative to the CSI 300 index over the next six months [17]. Core Views - The company, Shenyang Chemical Fiber Co., Ltd., reported a revenue of 13.968 billion yuan in 2024, a year-on-year increase of 4.08%, but a significant decline in net profit by 77.57% to 33.53 million yuan [3]. - The nylon industry is currently experiencing low demand, which has negatively impacted profitability, leading to a decrease in gross margin to 11.19% [3][6]. - Despite the current challenges, the long-term outlook for nylon 66 remains positive due to its applications in automotive lightweighting and new energy sectors, which are expected to drive demand [3][6]. - The company is actively expanding its product portfolio and has initiated several projects, including a 20,000-ton differentiated nylon 66 fiber project in Thailand and a joint venture for high-end civilian yarns [6]. Summary by Sections Financial Performance - In 2024, the company achieved a revenue of 13.968 billion yuan, with a slight increase of 4.08% year-on-year. However, net profit fell to 33.53 million yuan, a decrease of 77.57% [3][7]. - The gross margin for the year was reported at 11.19%, down by 1.29 percentage points from the previous year [3][7]. Market Position and Industry Outlook - The company is a leading player in the nylon industry, with a comprehensive nylon 66 supply chain. However, the industry has faced declining prices since 2022, affecting overall performance [3][6]. - The domestic production of key raw materials, such as hexamethylenediamine, is expected to enhance the competitiveness of nylon 66, potentially leading to a recovery in profitability [3][6]. Future Projections - The report forecasts earnings per share (EPS) of 0.14 yuan and 0.16 yuan for 2025 and 2026, respectively, with corresponding price-to-earnings (PE) ratios of 61.16 and 53.66 [6][7]. - Revenue projections indicate a growth trajectory, with expected revenues of 15.176 billion yuan in 2025 and 17.1 billion yuan in 2026, reflecting growth rates of 8.64% and 12.68% [7].

分析师：顾敏豪 登记编码：S0730512100001 gumh00@ccnew.com 021-50586308 行业景气低迷拖累业绩，尼龙行业龙头产 业布局不断完善 ——神马股份(600810)年报点评 证券研究报告-年报点评 增持(首次) 化学纤维 市场数据(2025-03-25) | 收盘价(元) | 8.48 | | --- | --- | | 一年内最高/最低(元) | 8.86/5.68 | | 沪深 300 指数 | 3,932.30 | | 市净率(倍) | 1.24 | | 流通市值(亿元) | 85.25 | | 基础数据(2024-12-31) | | | 每股净资产(元) | 6.84 | | 每股经营现金流(元) | 0.31 | | 毛利率(%) | 11.19 | | 净资产收益率_摊薄(%) | 0.47 | | 资产负债率(%) | 59.83 | | 总股本/流通股(万股) | 101,510.11/100,527.5 | | | 1 | B 股/H 股(万股) 0.00/0.00 联系人：李智 | | | 发布日期：2025 年 03 月 26 日 事件：公司公布 20 ...

神马股份: 神马股份关于2024年度募集资金存放与使用情况专项报告的更正公 告 募集资金其他使用情况 截至 2024 年 12 月 31 日，本公司不存在将募投项目节余资金用于其他募投项目或非募投项目的情况。 二、其他说明 《立信会计师事务所关于神马股份 2024 年度募集资金存放与使用情况专项报告的鉴证报告》根据上述内容同步更正。 除上述更正内容外， 《神马股份 2024 年度募集资金存放与使用情况专项报告》与《立信会计师事务所关于神马股份 2024 年度募集资金存放与使用情况专项报告的鉴证报告》其他内容不变，更正后的《神马股份 2024 年度募集资金存放与使用 情况专项报告》与《立信会计师事务所关于神马股份 2024 年度募集资金存放与使用情况专项报告的鉴证报告》将与本公 告同日在上海证券交易所网站披露。 特此公告。 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 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 ...

关于神马实业股份有限公司 2024 年度募集资金存放与使用情况 专项报告的鉴证报告 立信会计师事务所(特殊普通合伙) 关于神马实业股份有限公司2024年度募集资金存放与使用 情况专项报告的鉴证报告 信会师报字[2025]第ZB10037号 神马实业股份有限公司全体股东: 我们接受委托,对后附的神马实业股份有限公司(以下简称"神 马股份")2024年度募集资金存放与使用情况专项报告(以下简称"募 集资金专项报告")执行了合理保证的鉴证业务。 一、董事会的责任 神马股份董事会的责任是按照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》的相关规定编制募集资 金专项报告。这种责任包括设计、执行和维护与募集资金专项报告编 制相关的内部控制,确保募集资金专项报告真实、准确、完整,不存 在虚假记载、误导性陈述或重大遗漏。 二、注册会计师的责任 我们的责任是在执行鉴证工作的基础上对募集资金专项报告发 表鉴 ...

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 ...

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, ...

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].