债券代码：113069 债券简称：博23转债 证券代码：601137 证券简称：博威合金 公告编号：临 2024-036 宁波博威合金材料股份有限公司 关于召开 2023 年年度股东大会的提示性公告 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： 一、 召开会议的基本情况 至 2024 年 5 月 27 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 股东大会召开日期：2024年5月27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 (一) 股东大会类型和届次 2023 年年度股东大会 (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 召开的日期时间：2024 年 5 月 27 日 14 点 00 分 召开地点：宁波市鄞州区鄞州大道东段 1777 号 (五) 网络投票的系统、起止日期和投票时间。 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 ...

宁波博威合金材料股份有限公司 2023 年年度股东大会会议资料 2024 年 5 月 27 日 | 宁波博威合金材料股份有限公司 2023 年年度股东大会会议议程…………………1 | | | --- | --- | | 1、《2023 年度董事会工作报告》………………………………………………………………3 | | | 2、《2023 | 年度监事会工作报告》………………………………………………………………10 | | 3、《2023 | 年年度报告及摘要》…………………………………………………………………14 | | 4、《2023 | 年度财务决算报告》…………………………………………………………………15 | | 5、《2023 | 年度利润分配方案》…………………………………………………………………18 | | 6、《关于公司 | 2024 年度日常关联交易预计的议案》………………………………………19 | | 7、《关于 | 2024 年度向银行等金融机构融资或借款额度的议案》……………………………23 | | 8、《关于公司 | 2024 年度对外担保计划的议案》……………………………………………… ...

研 司 | --- | --- | |-------------------------------------------|------------| | | | | ＃市场 ma 数 rk 据 etData ＃ 市场数据日期 | 2024-04-30 | | 收盘价（元） | 18.36 | | 总股本（百万股） | 781.87 | | 流通股本（百万股） | | | 净资产（百万元） | 779.47 | | | 7291.61 | | 总资产（百万元） | 15264.16 | | 每股净资产(元 ) | 9.33 | 赖福洋 证券研究报告 ＃industryId＃ 有色金属 ＃investSuggestion＃ 投资要点 ＃summary＃ 事件：公司发布 2023 年业绩和 2024 年一季度业绩公告，2023 年公司实现 营业收入 177.56 亿元，同比增长 32%；实现归母净利润 11.24 亿元，同比 增长 109.1%。2024Q1 公司归母净利润 2.63 亿元，同比+38.5%、环比-21.1%。 公司以总股本 78053.19 万股为基数，向全体股东每 10 股派发现金红利 4. ...

Investment Rating - The report maintains a "Buy" rating for the company [8][12]. Core Views - The company achieved significant growth in its new energy business, exceeding annual targets, while the new materials business is beginning to ramp up production in 2024 [8][9]. - In 2023, the company reported a revenue of 17.756 billion yuan, a year-on-year increase of 32.03%, and a net profit of 1.124 billion yuan, up 109.14% year-on-year [8][11]. - The new energy business accounted for 37.51% of total revenue in 2023, with a remarkable sales volume increase of 118.03% year-on-year [9][21]. - The company is expected to benefit from the growing demand in the 5G, new energy vehicles, and semiconductor sectors, with projected revenues of 20.546 billion yuan in 2024, representing a 16% growth [12][30]. Financial Performance Summary - The company’s gross profit margin for 2023 was 17.25%, with a slight decrease in 2024 Q1 to 15.28% [9][19]. - The net profit margin for 2023 was 6.33%, showing an increase of 2.34 percentage points year-on-year [11][19]. - The company’s operating cash flow increased by 173.07% year-on-year, indicating strong operational efficiency [21]. Market Outlook - The new energy market is expected to remain robust, with the U.S. solar market projected to grow significantly, benefiting the company's solar component sales [21]. - The automotive market's growth, particularly in new energy vehicles, is anticipated to drive demand for the company's new materials [21].

Financial Performance - The company's operating revenue for Q1 2024 reached CNY 4,489,041,580.90, representing a year-on-year increase of 32.67%[1] - Net profit attributable to shareholders was CNY 262,585,735.77, up 38.51% compared to the same period last year[1] - The net profit after deducting non-recurring gains and losses was CNY 250,859,086.64, reflecting a 44.33% increase year-on-year[1] - Basic and diluted earnings per share were both CNY 0.34, marking a 39.90% increase from the previous year[1] - The weighted average return on equity increased by 0.54 percentage points to 3.65%[1] - Total operating revenue for the period reached CNY 4,489,041,580.90, an increase of 32.7% compared to CNY 3,383,676,798.22 in the previous period[36] - Net profit attributable to shareholders was CNY 262,585,735.77, representing a 38.5% increase from CNY 189,578,644.39[37] - The company reported a total profit of CNY 353,206,618.29, an increase of 58.7% from CNY 222,683,197.34[36] Assets and Equity - Total equity attributable to shareholders at the end of the reporting period was CNY 7,291,610,519.44, an increase of 2.59% from the end of the previous year[1] - The total assets at the end of the reporting period were CNY 15,264,157,054.53, down 6.63% from the end of the previous year[1] - The total assets decreased to CNY 15,264,157,054.53 from CNY 16,347,712,590.75, a decline of 6.6%[33] - The total liabilities decreased to CNY 7,972,546,535.09 from CNY 9,239,882,448.78, reflecting a reduction of 13.7%[33] Cash Flow - The net cash flow from operating activities was negative at CNY -1,060,297.13, a decline of 100.55% year-on-year[1] - The net cash flow from operating activities for Q1 2024 was negative CNY 1,060,297.13, a significant decline from positive CNY 193,363,528.28 in Q1 2023, mainly due to reduced financing through notes payable[26] - In Q1 2024, the cash inflow from operating activities was approximately CNY 5.57 billion, an increase of 37.4% compared to CNY 4.05 billion in Q1 2023[39] - The net cash outflow from operating activities was CNY -1.06 million, a significant decrease from a net inflow of CNY 193.36 million in the same period last year[39] - Cash inflow from investment activities was CNY 928,096.99, while cash outflow was CNY 243.59 million, resulting in a net cash outflow of CNY -242.67 million[41] - Cash inflow from financing activities was CNY 663.26 million, down from CNY 854.84 million in Q1 2023, with a net cash outflow of CNY -802.72 million[41] - The total cash and cash equivalents at the end of Q1 2024 were CNY 1.90 billion, compared to CNY 1.06 billion at the end of Q1 2023[41] Expenses and Investments - The company's R&D expenses increased by 29.59% to CNY 104,085,979.82 in Q1 2024, compared to CNY 80,319,858.96 in Q1 2023, reflecting increased investment in research and development[26] - The company reported a significant increase in income tax expenses, which rose by 173.74% to CNY 90,620,882.52 in Q1 2024, compared to CNY 33,104,552.95 in Q1 2023, due to a higher corporate tax rate in Vietnam[26] - The company's financial expenses decreased by 26.14% to CNY 49,913,580.05 in Q1 2024, compared to CNY 67,582,598.26 in Q1 2023, primarily due to foreign exchange gains[26] - The company paid CNY 346.21 million to employees, slightly up from CNY 333.16 million in Q1 2023[41] Other Financial Metrics - Government subsidies recognized in the current period amounted to CNY 17,039,423.55, contributing positively to the financial results[3] - Non-recurring gains and losses totaled CNY 11,726,649.13 after tax adjustments[3] - Other comprehensive income after tax attributable to shareholders was CNY -88,061,566.16, compared to CNY -26,449,266.64 in the previous period[37] - The impact of exchange rate changes on cash and cash equivalents was CNY 56.32 million, contrasting with a negative impact of CNY -8.96 million in Q1 2023[41]

Investment Rating - The investment rating for the company is "Buy" (maintained) [2][27] Core Views - The company achieved a revenue of 17.76 billion yuan in 2023, representing a year-on-year growth of 32.03%, and a net profit of 1.12 billion yuan, which is a 109.21% increase year-on-year [27][50] - The company plans to distribute a cash dividend of 4.5 yuan per 10 shares, totaling approximately 351 million yuan [27][50] - The company has seen significant improvements in profitability, with a gross margin of 17.25% and a net margin of 6.33% in 2023 [27][31] Financial Performance - In 2023, the company reported a gross margin increase of 4.31 percentage points and a net margin increase of 2.33 percentage points compared to the previous year [27][31] - The company’s total assets reached 16.35 billion yuan in 2023, with a debt ratio of 56.52%, down 1.94 percentage points from 2022 [27][31] - The company’s revenue is projected to grow to 20.33 billion yuan in 2024, with a year-on-year growth rate of 14.51% [27][58] Segment Performance - The new materials segment achieved a sales volume of 197,000 tons in 2023, a 12% increase year-on-year, although the net profit per ton decreased by 23% to 1,431 yuan [27][56] - The renewable energy segment saw a sales volume of 2,564 MW, a significant increase of 118% year-on-year, with net profit rising by 299% to 842 million yuan [27][57] Future Outlook - The company is expected to maintain its leading position in the domestic copper alloy new materials sector and continue to capture growth in the U.S. renewable energy market [27][59] - The company’s earnings forecast has been raised, with expected net profits of 1.49 billion yuan in 2024, reflecting a year-on-year growth of 32.88% [27][58]

博威合金（601137.SH）2023 年年报点评 [盈利预测与财务指标 Table_Forcast] 光伏组件业绩超预期，期待铜合金放量 2024 年 04 月 25 日 ➢ 事件：公司发布 2023 年年报。2023 年公司实现营收 177.6 亿元，同比 +32.0%，归母净利 11.2 亿元，同比+109.2%，扣非归母净利 11.4 亿元，同比 +106.5%。单季度看，2023Q4 公司实现营收 52.3 亿元，同比+41.8%，环比 +9.4%，归母净利 3.3 亿元，同比+187.0%，环比+0.5%，扣非归母净利 3.5 亿 元，同比+128.5%，环比+9.2%。 ➢ 新投产项目爬坡，拖累铜合金业绩。1）量：2023 年铜合金产量合计 19.2 万吨，同比+9.5%，销量合计 19.7 万吨，同比+12.1%，其中棒材销量 8.8 万吨， 同比+14.9%，线材销量 3.0 万吨，同比+1.0%，带材销量 4.9 万吨，同比+26.4%， 主要由于 5 万吨带材项目 23Q2 末投产，精密细丝销量 2.9 万吨，同比-2.6%； 2）利：2023 年铜合金实现净利润 2.8 亿元，同比-1 ...

上 市 公 司 | --- | --- | |------------------------------------|-------------------------------| | 市场数据： | 2024 年 04 月 23 日 | | 收盘价（元） | 14.50 | | 一年内最高 / 最低（元） | 24.88/9.32 | | 市净率 息率（分红/ 股价） | 1.9 1.45 | | 流 通 A 股市值（百万 | 10739 | | 元） 上证指数/深证成指 | 3275.41/11317.01 | | 注："息率"以最近一年已公布分红计算 | | 公 司 研 究 / 公 司 点 评 | --- | --- | --- | --- | --- | --- | |-------------------------------------|--------|------------------|--------|----------------|--------| | 百万元，百万股 | 2022A | 财务摘要 \n2023A | 2024E | 2025E | 2026E | | 营业总收 ...

博威合金20240423_智能速览 2024年04月23日 19:35 关键词 辽宁 客户 问题 指引 家电池 出货量 成本 材料板块 需求量 新能源车 可跟踪 制造业 疫情 交货周期 备货 机电费 恢复 特殊核心材料 交流 全文摘要 新能源业务的展望、拆分和分析展开。 章节速览 ● 00:00 辽宁公司业务数据及成本指引 ● 03:52 新能源汽车连接器需求量增加 新能源汽车市场增长趋势明显，连接器需求量大幅增加。汽车高压电连接器在新能源汽车中应用广 泛，用量达到20公斤。新能源汽车的销量划分为15万元以上，对高端材料的使用量较多。公司在新能源 汽车连接器领域有较好的发展机会。 ● 09:07 华为配套产品矩阵与竞争对手分析 本文讨论了华为的配套产品矩阵以及竞争对手，重点介绍了type c接口和高速连接器的优势。同时强调 了研发能力对长期合作关系和产业贡献的重要性。 ● 12:20 新材料和新能源业务的展望与分析 本对话片段中，领导询问了新材料和新能源业务的展望，并要求进一步细拆业务情况。陈老师提出了按 照下游领域来拆分新材料业务的建议，并介绍了汽车电子、通讯、半导体等领域的占比和产能。对于新 能源业务，海 ...

博威合金 23 年度业绩解读 240423 招商_原文 2024年04月23日11:19 发言人 1 00:00 想产销量均受一定影响。另外 6700 吨铝焊丝项目处于产品认证及产能爬坡阶段，折旧及员工 等费用较高，影响经营利润。2、新能源业务实现净利润 8 亿 4182 万元，组件业务累计出货量 2564 兆瓦，实现净利润 7 亿 9370 万元。扣除计提减值损失的影响后，第四季度的组建利润 5.9 亿元，销量 851 兆瓦，单瓦净利约约 6.9 毛，组建业务全年单瓦净利约 4.6 毛。公司光伏组件业 务持续进行技术升级改造，于资产负债表日对相关资产的可回收金额进行审慎评估，全年计提 资产减值损失 4.5 亿元。 发言人101:21 四季度盈利比较高的主要原因为，一方面，从 2023 年 5 月开始，国内外硅料价格逐步下降，整 个业务链的价和传递过程跨度比较大。我们从硅料采购到实现产品交付大概要五个月时间，其 中原材料 1.5 个月生产到成品 1 到 1.5 个月，从海运到美国实现销售 2.5 到 3 个月。所以五月份 降价的硅料到第四季度才能在成本端体现，导致第四季度盈利大幅提升。另一方面，加速折旧 和美 ...