证券代码：600810 证券简称：神马股份 公告编号：2024-028 表决结果：同意 9 票，反对 0 票，弃权 0 票。 特此公告。 神马实业股份有限公司董事会 2024 年 4 月 18 日 1 神马实业股份有限公司 十一届三十四次董事会决议公告 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三十四次会议于 2024 年 4 月 12 日以书面、微信或短信的方式发出通知，于 2024 年 4 月 17 日在公司东配楼会议室召开，会议应到董事 9 人，实到 5 人，董 事樊亚平先生、独立董事刘民英先生、独立董事武俊安先生、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： 审议通过关于对外投资设立合资公司并购买股权的议案（详见临 时公告：2024-029）。 ...

Investment Rating - The report initiates coverage with a rating of "Accumulate" for the company, indicating a positive outlook based on its market position and growth potential [35][43]. Core Insights - The company is a leading player in the nylon 66 industry, with continuous improvements in its supply chain and production capabilities. It is expected to benefit from the domestic production of key raw materials, particularly adiponitrile, which will enhance its production capacity and market competitiveness [43][59]. - The demand for nylon 66 is anticipated to grow due to its superior performance and applications in various sectors, including automotive lightweighting and tire manufacturing. The expansion of domestic tire manufacturers is expected to further drive the demand for nylon 66 products [20][59]. - The company is actively expanding its product offerings in specialty nylon and consumer-grade products, which are expected to open new growth avenues [44]. Summary by Sections 1. Investment Recommendations - The company is projected to have EPS of 0.39, 0.57, and 0.70 for the years 2024 to 2026, respectively. The target price for 2024 is set at 9.84, corresponding to a PE ratio of 25.23 and a PB ratio of 1.27 [43][53]. 2. Industry Leadership - The company is recognized as a leader in the nylon 66 sector, with a strong brand presence and a stable management framework due to its state-owned enterprise status [49][57]. 3. Supply Chain and Production - The company is enhancing its upstream supply chain by establishing a hydrogen ammonia project and a 50,000-ton adiponitrile production facility expected to commence operations by the end of 2024. This will enable self-sufficiency in key raw materials [44][59]. 4. Market Expansion - The company is pursuing international expansion, with plans to build a 20,000-ton/year differentiated nylon fiber project in Thailand to meet the growing demands of the Southeast Asian and North American tire manufacturing markets [44][59]. 5. Financial Performance - The company reported a revenue of 12,919 million in 2023, with projections of 13,832 million for 2024, indicating a recovery trend after a decline in 2023 [53][54].

执业证书编号：S1070523020001 | --- | --- | |-------------------------------------------|--------------| | | | | 相关研究 | | | 1 、《 3Q23 业绩扭亏为盈，关注尼龙 66 | 产业链变化》 | | 2023-11-01 | | 增资建设尼龙 6 民用丝二期项目，扩充尼龙产业整体布局。2024 年 3 月 12 日，公司发布《神马股份关于对公司控股子公司河南神马锦纶科技有限公司 增资的公告》，拟与福建省恒申合纤科技有限公司、平顶山市东鑫焦化有限责 任公司按持股比例对锦纶科技进行增资，用于锦纶科技 10 万吨/年尼龙 6 民 用丝二期（6万吨/年）项目资本金配置。本次增资总额为 2 亿元，增资完成 后公司的持股比例预计达到 48.96%。有利于锦纶科技进一步扩大经营规模， 加快项目建设。尼龙 6 民用丝二期项目可以使公司充分发挥已有尼龙 6 切片 的原料优势，进一步进入尼龙 6 民用丝、尼龙 6 差异化纤维领域，也有利于 公司早日发挥尼龙 6 产业链协同优势，发展尼龙 66、尼龙 6 双尼龙产业，充 分释 ...

关于可转债季度转股进展暨股份变动的公告 | 证券代码： | 600810 | 证券简称：神马股份 | 公告编号：2024-027 | | --- | --- | --- | --- | | 转债代码： | 110093 | 转债简称：神马转债 | | 神马实业股份有限公司 1、累计转股情况：自可转债转股期起始日至 2024 年 3 月 31 日，"神马转债"累 计已转股金额为 25,000 元，累计转股数为 3,026 股，占可转债转股前公司已发行股份 总额的比例为 0.00029%。 2、未转股可转债情况：截至 2024 年 3 月 31 日，公司尚未转股的"神马转债" 金额为 2,999,975,000 元，占"神马转债"发行总量的比例为 99.99917%。 3、本季度转股情况：自 2024 年 1 月 1 日至 2024 年 3 月 31 日，"神马转债"转 股金额为 2,000 元，转股数为 242 股。 4、其他需注意情况："神马转债"起始转股日为 2023 年 9 月 22 日。 一、可转债发行上市概况 （一）可转债发行情况 经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公开发行可转换公 ...

中信证券股份有限公司 关于神马实业股份有限公司 一、持续督导工作概述 保荐人及保荐代表人对神马股份 2023 年的持续督导工作主要如下： 1 | 序 号 | 事项 | 督导情况 | | --- | --- | --- | | | 建立健全并有效执行持续督导工作制度，并 | | | 1 | 针对具体的持续督导工作制定相应的工作 | 保荐人已建立持续督导工作制度，并制 | | | 计划 | 定了持续督导工作计划 | | | 根据中国证监会相关规定，在持续督导工作 | | | | 开始前，与上市公司或相关当事人签署持续 | 保荐人已与公司签订保荐协议，明确了 | | 2 | 督导协议，明确双方在持续督导期间的权利 | 双方在持续督导期间的权利、义务 | | | 义务，并报上海证券交易所备案 | | | | | 保荐代表人通过与公司管理人员的日常 | | | | 沟通持续了解公司的经营状况，对公司 | | | | 2023 年度报告进行了事前或事后审阅， | | 3 | 通过日常沟通、定期回访、现场检查、尽职 | 核查了公司的董事会、股东大会运作情 | | | 调查等方式开展持续督导工作 | 况、募集资金使用情况、重 ...

中信证券股份有限公司 关于神马实业股份有限公司 2023年持续督导工作现场检查报告 上海证券交易所： 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 2023 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 （二）保荐代表人 王寒冰、程宣启 （三）现场检查人员 程宣启 （四）现场检查时间 2023 年 8 月 24 日、2023 年 12 月 28 日和 2024 年 3 月 26 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 （一）公司治理和内部控制情况 现场检查人员查阅了 ...

Financial Performance - The net profit attributable to the parent company for 2023 is CNY 123,374,861.08, with distributable profits amounting to CNY 1,410,279,699.43[6] - The company plans to distribute a cash dividend of CNY 1.37 per 10 shares, totaling CNY 141,301,598.34[6] - The total number of shares eligible for distribution is 1,031,398,528 after deducting shares in the repurchase account[6] - The company's operating revenue for 2023 was approximately ¥12.92 billion, a decrease of 11.34% compared to ¥14.57 billion in 2022[22] - The net profit attributable to shareholders for 2023 was approximately ¥123.37 million, down 69.06% from ¥398.74 million in 2022[22] - The basic earnings per share for 2023 was ¥0.12, reflecting a decline of 68.42% from ¥0.38 in 2022[22] - The weighted average return on equity decreased to 1.55% in 2023, down 3.5 percentage points from 5.05% in 2022[22] - The net cash flow from operating activities for 2023 was approximately ¥295.07 million, a significant drop of 69.28% compared to ¥960.63 million in 2022[22] - The total assets at the end of 2023 increased by 11.21% to approximately ¥31.44 billion from ¥28.27 billion at the end of 2022[22] - The net profit after deducting non-recurring gains and losses for 2023 was approximately ¥62.08 million, down 83.56% from ¥377.67 million in 2022[22] Risk Management and Compliance - The company has provided a risk statement regarding forward-looking statements, emphasizing the need for investors to recognize potential risks[8] - There are no non-operating fund occupations by controlling shareholders or related parties reported[9] - The company has not violated decision-making procedures for external guarantees[10] - The board of directors and management have confirmed the accuracy and completeness of the annual report[4] - The company has received a standard unqualified audit report from the accounting firm[5] - The company has established a comprehensive internal control management system, with no significant deficiencies identified in financial reporting controls during the reporting period[153] - The company has implemented a unified management system for subsidiaries to enhance operational efficiency and risk management[155] - The internal control audit report for 2023 was issued with a standard unqualified opinion by the auditing firm[156] - The company has not disclosed any significant deficiencies in internal controls during the reporting period[154] Research and Development - The company is advancing technology research and development, particularly in nylon production, with a focus on green polyamide fibers and bio-based nylon[31] - The company has partnered with several renowned universities and research institutions to conduct advanced research on over 20 leading industry technologies[31] - The company has established a research and development model that emphasizes independent innovation and collaboration with academic institutions[76] - The company invested CNY 444.47 million in R&D, accounting for 3.44% of total revenue, focusing on technological innovation and product differentiation[79] - The company has 131 ongoing research projects, with 36 major projects related to the nylon industry chain, including the successful market launch of high-end nylon 66 products[79] Production and Operations - The company achieved a net profit of approximately ¥105.26 million in Q3 2023, and a profit of ¥53.02 million in Q4 2023[24] - The company recorded non-recurring gains of approximately ¥61.29 million in 2023, compared to ¥21.06 million in 2022[26] - The company focused on cost management and implemented measures to optimize production factors, aiming to reduce production costs[30] - The company is enhancing its production capabilities with automation and intelligent equipment, contributing to the establishment of a chemical demonstration base in Henan Province[32] - The company’s nylon 66 production capacity is among the top two globally, indicating a strong position in the nylon industry[73] Environmental and Social Responsibility - The company invested approximately 89.99 million CNY in environmental protection during the reporting period[159] - The total COD emissions from the main discharge points in 2023 amounted to 79.9 tons, with no exceedance of discharge standards[160] - The company has established emergency response plans for environmental incidents and conducts regular drills to ensure effectiveness[173] - The company implemented carbon reduction measures, achieving a reduction of 29,570 tons of CO2 equivalent emissions[177] - The company invested a total of 188.423 million yuan in poverty alleviation and rural revitalization projects, benefiting 2,709 people[182] Corporate Governance - The company has committed to maintaining the independence of its senior management and financial systems, ensuring no overlap with its controlling entities[186] - The company has established a commitment to avoid related party transactions unless absolutely necessary, ensuring fairness and transparency in any such dealings[187] - The company will ensure that the listed company has a complete and independent personnel management system[186] - The company has a complete legal structure in place to ensure compliance with governance regulations[119] - The company has conducted multiple shareholder meetings throughout 2023, including the first extraordinary meeting on March 30, 2023[120] Future Outlook - The company plans to enhance its technological innovation and accelerate structural adjustments to promote low-carbon and circular economies[108] - The projected operating income for 2024 is 143 billion yuan, with expected operating costs of 125 billion yuan[111] - The company is considering strategic acquisitions to bolster its market position, with potential targets identified in the industry[125] - Future outlook indicates a projected revenue growth of 20% for the next fiscal year, driven by new product launches and market expansion initiatives[125] - The company aims to expand its market presence and enhance its product offerings through ongoing innovation and development[126]

证券代码：600810 证券简称：神马股份 公告编号：2024-025 神马实业股份有限公司 2023 年主要经营数据公告 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《上市公司行业信息披露指引第十三号—化 工（2022 年修订）》第十五条的相关规定，现将公司 2023 年主要经营 数据公告如下： | 主要产品 | 2023 年产量 | 2023 | 年销量 | 2023 年收入（万 | | --- | --- | --- | --- | --- | | | （吨） | | （吨） | 元） | | 尼龙 66 工业丝 | 56008 | | 52533 | 148828 | | 尼龙 66 帘子布 | 70174 | | 70491 | 238968 | | 尼龙 切片 66 | 172017 | | 173700 | 266325 | | 尼龙 切片 6 | 76714 | | 79090 | 92705 | | 精己二酸 | 215296 | | 215834 | 153153 | | 民用丝 | ...

证券代码：600810 证券简称：神马股份 公告编号：2024-018 神马实业股份有限公司 十一届三十二次董事会决议公告 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三十二次会议于 2024 年 3 月 7 日以书面、短信或电子邮件的方式发出通知，于 2024 年 3 月 11 日在公司东配楼二楼会议室召开，会议应到董事 9 人，实到 5 人，董事樊亚平先生、独立董事刘民英先生、独立董事武俊安先生、 独立董事尚贤女士以通讯方式参与表决，公司 4 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、审议通过关于对公司控股子公司河南神马锦纶科技有限公司 增资的议案（详见临时公告：2024-019）。 根据工作需要，聘任郭选政先生、赵铎先生、王大勇先生为公司 副总经理，李金磊先生为公司总法律顾问（以上人员简历附后）。许 仁刚先生因工作调动不再担任公司总法律顾问职务。 公司对许仁刚先生在担任公司总法律顾问期间为公司发展作出 的贡献表 ...

证券代码：600810 证券简称：神马股份 公告编号：2024-019 神马实业股份有限公司关于对公司控股子公司 河南神马锦纶科技有限公司增资的公告 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： ● 被投资方名称：河南神马锦纶科技有限公司 ● 投资金额：9,792 万元人民币 ● 投资概况：本公司拟与福建省恒申合纤科技有限公司（以下 简称"恒申合纤"）、平顶山市东鑫焦化有限责任公司（以下简称"东 鑫焦化"）共同签订关于河南神马锦纶科技有限公司（以下简称"锦 纶科技"）的《增资扩股协议》，三方拟以现金方式按持股比例对锦纶 科技进行增资，用于锦纶科技 10 万吨/年尼龙 6 民用丝二期（6 万吨 /年）项目资本金配置。增资总额为 20,000 万元，其中本公司按持股 比例 48.96%增资 9,792 万元，恒申合纤按持股比例 47.04%增资 9,408 万元，东鑫焦化按持股比例 4%增资 800 万元。增资完成后，三方持 股比例不变，锦纶科技注册资本由 18,750 万元变更为 38,750 万元。 ● 相 ...