本次会议请面向开源证券的专业投资机构客户 感谢您的理解和支持 谢谢 各位机构领导各位投资者下午好我是开源证券的话东分析师张晓峰那么我们今天是请到了生马股份的正代石总来为我们解答一下一季报还有2023年年报的一个情况石总您在线吗在的在的石总要不请您先简单介绍一下去年四季度包括今年一季度的一些业绩情况包括现在我们公司的产能产销还有各业务的一个分板块的一个利润的情况 好的我我简单给大家介绍呃汇报一下我们一季度一个主要财务情况所以一季度那个生意团收益有点小好现在怎么样现在现在好像还是有点点小嗯哎现在怎么样哎这样好多了这样好多了好的我我还是先简单给大家介绍一下我们一季度情况 然后一季度我们的营业收入是3333亿然后同比增长12%然后归属于上市公司的规模净利润是3083万然后扣费后的规模净利润是2600万然后金融活动产生的净现金流是9100万然后同比增长600%然后美股基本美股收益是三分 然后加权平均经济收益率是7%截止到三月末然后总资产是331亿然后贵族商务公司的这个收入权益是78亿整体来说呢2024年一季度的利润情况呢相比去年四季度呢有所下降 主要是因为我们的一个主要产品就是PC和双本A在一季度的这个利润情况表现不好 ...

Investment Rating - The report maintains a "Buy" rating for Shenma Co., Ltd. (600810) with a target price of 9.84 CNY, while the current price is 7.63 CNY [14]. Core Views - The company is facing performance pressure due to the industry being at the bottom of the cycle, but it is strategically expanding into the PA66 civilian sector and enhancing its supply chain control [14][14]. - The report highlights that the company is focusing on self-sufficiency in key raw materials such as hexamethylenediamine and is investing in differentiated nylon projects in Southeast Asia to meet regional demand [14][14]. Financial Summary - The projected financial performance for Shenma Co., Ltd. includes: - Revenue for 2023 is estimated at 12,919 million CNY, with a growth of 7% expected in 2024 [8]. - Net profit for 2023 is projected at 123 million CNY, with significant growth anticipated in subsequent years [8]. - The EPS forecast for 2024 is 0.39 CNY, increasing to 0.57 CNY in 2025 [14]. Valuation Metrics - The report provides valuation metrics indicating a PE ratio of 25.23 for 2024, suggesting a favorable valuation compared to peers [14]. - The company’s financial ratios show a net profit margin of 1.0% for 2023, with expectations of improvement in the following years [14]. Industry Context - Shenma Co., Ltd. operates in the basic chemical and raw materials sector, which is currently experiencing a downturn, impacting overall performance [14]. - The company is positioned as a leader in the nylon industry, with certain barriers to entry in upstream markets, which may provide a competitive advantage [14].

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：河南平煤神马聚碳材料有限责任公司 证券代码：600810 证券简称：神马股份 公告编号：2024-033 神马实业股份有限公司关于为公司控股子公司河 南平煤神马聚碳材料有限责任公司提供担保的公告 ● 本次担保数量及累计为其担保数量：本次担保数量为 5,000 万元 人民币，累计为其担保数量为 233,651.88 万元人民币 ● 本次是否有反担保：无 ● 对外担保累计数量：对外担保累计数量为 674,744.84 万元人民币 ● 对外担保逾期的累计数量：无 一、担保情况概述 本公司控股子公司河南平煤神马聚碳材料有限责任公司（简称 "聚碳材公司"）在中国进出口银行河南省分行工商企业代付贸易融 资 5,000 万元即将到期，聚碳材公司为保障生产经营需求，拟在中国 进出口银行河南省分行申请续作工商企业代付贸易融资 5,000 万元 人民币，期限一年，保证金 500 万元。本公司拟为此融资提供全额连 带责任保证担保，担保金额为 5,000 万元。 本次 ...

Financial Performance - The company's operating revenue for Q1 2024 was CNY 3,354,623,840.04, representing a year-on-year increase of 12.29%[6] - The net profit attributable to shareholders was CNY 30,836,805.47, with a basic earnings per share of CNY 0.03[6] - Total operating revenue for Q1 2024 reached ¥3,354,623,840.04, a 12.3% increase from ¥2,987,590,658.32 in Q1 2023[22] - Net profit for Q1 2024 was ¥54,792,980.08, compared to ¥2,085,431.84 in Q1 2023, indicating a significant improvement[23] - The company’s total comprehensive income for Q1 2024 was ¥54,792,980.08, compared to ¥2,085,431.84 in Q1 2023, indicating a strong performance[23] - Earnings per share for Q1 2024 were ¥0.03, a recovery from a loss of ¥0.02 in Q1 2023[23] Cash Flow - The net cash flow from operating activities increased significantly by 611.41%, amounting to CNY 91,598,581.96[6] - The net cash flow from operating activities for Q1 2024 was ¥91,598,581.96, compared to ¥12,875,589.52 in Q1 2023, showing a substantial increase[24] - The cash inflow from operating activities totaled ¥3,122,015,518.72 in Q1 2024, compared to ¥2,801,378,151.80 in Q1 2023, reflecting a growth of 11.5%[24] - The net cash flow from financing activities was $1,328,605,776.41, significantly lower than $4,572,693,256.64 in Q1 2023[26] - The ending balance of cash and cash equivalents was $7,696,525,256.77, down from $11,219,743,932.21 at the end of Q1 2023[26] Assets and Liabilities - Total assets at the end of the reporting period reached CNY 33,124,702,367.51, up 6.08% from the end of the previous year[7] - The company's total liability was ¥21,265,462,069.38 as of Q1 2024, an increase from ¥19,746,699,727.29 in Q1 2023[22] - The company's total current liabilities decreased to RMB 8,545,561,392.48 from RMB 9,459,006,307.42, a reduction of about 9.66%[17] - Long-term borrowings increased to RMB 8,690,451,842.44 from RMB 6,442,183,960.53, reflecting a growth of approximately 35.00%[17] Equity and Investments - The company's equity attributable to shareholders was CNY 7,865,751,469.35, reflecting a slight increase of 0.45%[7] - The total equity attributable to shareholders reached ¥7,865,751,469.35 in Q1 2024, compared to ¥7,830,886,001.74 in Q1 2023[22] - The company's long-term equity investments stood at RMB 1,037,942,663.11, slightly up from RMB 1,030,901,944.88, showing a marginal increase of about 0.68%[16] Operational Costs and Expenses - Total operating costs for Q1 2024 were ¥3,314,754,283.35, up from ¥2,965,885,185.20 in Q1 2023, reflecting a 11.7% increase[22] - Research and development expenses for Q1 2024 amounted to ¥93,351,765.19, up from ¥79,303,301.17 in Q1 2023, representing a 17.7% increase[22] Other Notable Points - Non-recurring gains and losses included government subsidies amounting to CNY 8,555,446.36, which are closely related to the company's normal business operations[8] - The company experienced a 76.89% increase in prepaid expenses due to higher material payments[9] - The company reported a 102.64% increase in contract liabilities, indicating a rise in advance payments received[9] - The company has not reported any significant changes in the shareholder structure or any related party transactions during the reporting period[14] - There are no significant new strategies or product developments mentioned in the report for the upcoming quarters[15] - The company did not apply new accounting standards or interpretations for the first quarter of 2024[28]

神马实业股份有限公司 十一届三十五次董事会决议公告 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。 神马实业股份有限公司第十一届董事会第三十五次会议于 2024 年 4 月 15 日以书面、微信或短信的方式发出通知，于 2024 年 4 月 25 日在公司东配楼会议室召开，会议应到董事 9 人，实到 7 人，董 事樊亚平先生、独立董事尚贤女士以通讯方式参与表决，公司 5 名监 事及部分高级管理人员列席了会议,会议符合《公司法》及《公司章 程》的有关规定。会议通过了如下决议： 一、审议通过公司 2024 年第一季度报告。 表决结果：同意 9 票，反对 0 票，弃权 0 票。 二、审议通过关于续聘会计师事务所的议案（详见公司临时公 告：2024-032）。 证券代码：600810 证券简称：神马股份 公告编号：2024-031 表决结果：同意 9 票，反对 0 票，弃权 0 票。 四、审议通过关于召开公司 2023 年年度股东大会的议案（详见 公司临时公告：2024-034）。 1 表决结果：同意 9 票，反对 0 票，弃权 0 ...

证券代码：600810 证券简称：神马股份 公告编号：2024-034 神马实业股份有限公司 关于召开 2023 年年度股东大会的通知 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： 一、 召开会议的基本情况 (一) 股东大会类型和届次 2023 年年度股东大会 召开的日期时间：2024 年 5 月 17 日 10 点 00 分 召开地点：公司东配楼二楼会议室 (五) 网络投票的系统、起止日期和投票时间。 股东大会召开日期：2024年5月17日 本次股东大会采用的网络投票系统：上海证券交易所股东大会网络投票 系统 (二) 股东大会召集人：董事会 (三) 投票方式：本次股东大会所采用的表决方式是现场投票和网络投票相结 合的方式 (四) 现场会议召开的日期、时间和地点 网络投票系统：上海证券交易所股东大会网络投票系统 网络投票起止时间：自 2024 年 5 月 17 日 至 2024 年 5 月 17 日 采用上海证券交易所网络投票系统，通过交易系统投票平台的投票时间为股 东大会召开当日的交易时间段，即 9:15- ...

证券代码：600810 证券简称：神马股份 公告编号：2024-035 神马实业股份有限公司 2024 年第一季度主要经营数据公告 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。 根据《上海证券交易所上市公司自律监管指引第 3 号——行业信 息披露》附件《第十三号——化工》的相关规定，现将公司 2024 年第 一季度主要经营数据公告如下： 二、主要产品的价格变动情况（不含税） 1 主要产品 2024 年 1 至 3 月 产量（吨） 2024 年 1 至 3 月 销量（吨） 2024 年 1 至 3 月 收入（万元） 尼龙 66 工业丝 15871 13641 35177 尼龙 66 帘子布 18538 17933 53925 尼龙 66 切片 40496 39485 57444 尼龙 6 切片 16199 17047 22106 精己二酸 45485 40610 28609 民用丝 4221 3608 6856 双酚 A 15376 3222 2625 PC 18353 16836 19177 一、主要产品的产量、销量及收入 ...

1 | 持股数量 | 634,345,487 | 股 | | --- | --- | --- | | 持股比例 | 60.75% | | | 剩余被质押股份数量 | | 0 股 | | 剩余被质押股份数量占其所持股份比例 | | 0% | | 剩余被质押股份数量占公司总股本比例 | | 0% | 证券代码：600810 证券简称：神马股份 公告编号：2024-030 神马实业股份有限公司 关于控股股东股份解除质押的公告 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: 本公司控股股东中国平煤神马控股集团有限公司（以下简称"中 国平煤神马集团"）共持有公司股份 634,345,487 股，占公司总股本 的 60.75%，本次解除质押前，中国平煤神马集团累计质押公司股份 数量为 141,648,000 股，占其持有本公司股份数量的 22.33%。本次 解除质押 141,648,000 股后，中国平煤神马集团累计剩余质押公司股 份数量为 0 股。 神马实业股份有限公司（以下简称"公司"或"本公司"）于2024 年4月 ...

Investment Rating - The report assigns an "Accumulate" rating for the company [4]. Core Views - The company, a leader in the nylon industry, has demonstrated resilience through vertical integration and the introduction of new products, enhancing its competitive edge. The forecast for 2024 indicates a revenue of 143 billion yuan, reflecting a growth rate exceeding 10% [5]. Summary by Relevant Sections Financial Performance - In 2023, the company achieved a revenue of 12.919 billion yuan, a year-on-year decrease of 11.34%, and a net profit attributable to shareholders of 123 million yuan, down 69.06% year-on-year. In Q4 2023, revenue was 3.488 billion yuan, up 11.55% year-on-year but down 7.30% quarter-on-quarter, with a net profit of 53 million yuan, up 160.44% year-on-year but down 49.63% quarter-on-quarter [1]. Product Sales and Pricing - The sales volume of various products showed mixed results, with nylon 66 industrial yarn and nylon 66 chips seeing increases of 2.05% and 28.22% respectively. However, due to price declines, revenues for most products decreased significantly, with nylon 66 tire fabric revenue dropping by 27.07% [1]. Cost Structure - The company’s expense ratios for sales, management, finance, and R&D were 0.72%, 3.98%, 2.40%, and 3.24% respectively, with changes of +0.14, -0.23, +0.41, and +0.45 percentage points year-on-year [1]. Growth Strategy - The company is focusing on vertical integration and new product development, with plans to produce 61,000 tons of nylon 66 industrial yarn and 199,000 tons of nylon 66 chips in 2024, indicating a strong growth trajectory [1]. Future Projections - Revenue projections for 2024, 2025, and 2026 are 143.29 billion yuan, 157.50 billion yuan, and 176.91 billion yuan respectively, with year-on-year growth rates of 10.91%, 9.92%, and 12.33%. Net profit is expected to rise significantly, with projections of 3.86 billion yuan, 5.37 billion yuan, and 7.59 billion yuan for the same years [5].

证券代码：600810 证券简称：神马股份 公告编号：2024-029 神马实业股份有限公司 1 神马股份拟与Nilit B.V.及其下属企业Nilit China Investment B.V.进行一揽子商业合作， 合作内容包括在河南平顶山市合资成立生产性公司和贸易公司、收购屹立锦纶科技 （苏州）有限公司（以下简称"屹立锦纶"）25%股权、所持屹立（苏州）工程塑 料科技有限公司（以下简称"屹立塑料"）25%股权、完成股权收购后向屹立锦纶 增资。 神马股份拟与 Nilit B. V.在平顶山成立合资公司神马屹立（河南）尼龙纤维科技有 限公司（简称"河南纤维科技"，最终名称以工商登记注册为准），负责建设尼 龙尼龙 66 民用丝项目，从事尼龙 66 纤维制品的生产和销售。河南纤维科技注册 资本为人民币 13,500 万元，其中神马股份对河南纤维科技注册资本的认缴出资 额为人民币 6,885 万元，占河南纤维科技注册资本的 51%， Nilit B. V.对河南纤维 科技注册资本的认缴出资额为人民币 6,615 万元，占河南纤维科技注册资本的 49%。 神马股份将与 Nilit B.V.在平顶山设立屹立神马（河南） ...