| 证券代码：601208 | 证券简称：东材科技 | 公告编号：2024-054 | | --- | --- | --- | | 转债代码：113064 | 转债简称：东材转债 | | 四川东材科技集团股份有限公司 具体内容详见公司在上海证券交易所网站 www.sse.com.cn 披露的《关于以 集中竞价交易方式回购股份方案的公告》（公告编号：2024-010）和《四川东材科 技集团股份有限公司回购股份报告书》（公告编号：2024-022）。 二、 回购股份的进展情况 截至 2024 年 4 月 19 日，公司通过上海证券交易所交易系统以集中竞价交易 方式累计回购公司股份 6,449,091 股，已回购股份占公司当前总股本的比例为 0.7027%，回购的最高成交价为 10.46 元/股，最低成交价为 7.78 元/股，已支付的 总金额为 59,993,184.47 元（不含佣金等交易费用）。根据《四川东材科技集团股 份有限公司回购股份报告书》的相关条款，已达到本次回购股份方案的下限金额。 上述回购股份符合相关法律法规及公司回购股份方案的要求。 关于以集中竞价交易方式回购公司股份的进展公告 本公司及董事会全 ...

| 证券代码：601208 | 证券简称：东材科技 | 公告编号：2024-053 | | --- | --- | --- | | 转债代码：113064 | 转债简称：东材转债 | | 四川东材科技集团股份有限公司 关于公司实际控制人的一致行动人增持股份的进展公告 本公司及董事会全体成员保证公告内容不存在虚假记载、误导性陈述或者 重大遗漏，并对其内容的真实、准确和完整承担个别及连带责任。 重要内容提示： 二、增持计划的主要内容 1、增持股份的目的：基于对化工新材料行业及公司未来发展前景的信心和 对公司股票价值的合理判断，为了提振广大投资者的信心，促进公司稳定可持续 发展，切实维护中小投资者的合法利益和资本市场的健康稳定。 2、增持股份的金额：不低于人民币 5,000.00 万元，不超过人民币 10,000.00 万元。 为践行"以投资者为本"的上市公司发展理念，维护公司全体股东利益， 四川东材科技集团股份有限公司（以下简称"公司"或"本公司"）实际控制人 熊海涛女士的一致行动人高金富恒集团有限公司（以下简称"高金富恒"）拟自 2024 年 1 月 24 日起 12 个月内增持公司股份，增持金额不低于人民币 ...

Investment Rating - The report provides a positive outlook for the company, indicating an "Outperform" rating, expecting the stock's total return to exceed the relevant market benchmark over the next 12-18 months [10][27]. Core Insights - The company has successfully advanced key projects, including the "Special Functional Polyester Film Project" and several others, enhancing its core competitiveness through external development [1]. - The construction progress of various industrialization projects is in line with expectations, indicating effective project management and execution [1]. - Strategic partnerships have been established with companies like Chemax and Zhangyi Chemical to develop high-end photoresist materials, creating a synergistic industrial chain in the photoresist sector [1]. - Collaborations with companies such as Shanjin Optoelectronics and Yangzhou Wanrun aim to accelerate the domestic substitution of optical-grade polyester films for polarizers [1]. Financial Projections - The report includes detailed financial forecasts for various business segments, projecting sales revenue and cost figures for the years 2023 to 2026 [4]. - For the optical film segment, sales revenue is expected to grow from 961.71 million in 2023 to 1412.48 million by 2026, with a gradual increase in gross margin from 14.80% to 18.00% [4]. - The electronic materials segment is projected to see sales revenue rise from 1308.02 million in 2023 to 1705.94 million in 2026, with a stable gross margin of around 18% [4]. - The new energy materials segment is anticipated to grow from 161.08 million in 2023 to 214.40 million in 2026, with a gross margin of 24% [4].

| 证券代码：601208 | 证券简称：东材科技 | 公告编号：2024-051 | | --- | --- | --- | | 转债代码：113064 | 转债简称：东材转债 | | 四川东材科技集团股份有限公司 关于不向下修正"东材转债"转股价格的公告 本公司及董事会全体成员保证公告内容不存在虚假记载、误导性陈述或者 重大遗漏，并对其内容的真实、准确和完整承担个别及连带责任。 重要内容提示： 截止 2024 年 4 月 15 日，四川东材科技集团股份有限公司（以下简称"公 司"或"本公司"）已触发"东材转债"向下修正转股价格条款。公司董事会于 2024 年 4 月 15 日召开第六届董事会第十次临时会议，决定本次不向下修正"东 材转债"的转股价格，且自本次董事会审议通过后的次一交易日起未来十二个月 内（即 2024 年 4 月 16 日至 2025 年 4 月 15 日），如再次触发"东材转债"转股 价格向下修正条件，亦不提出向下修正方案。 一、可转换公司债券基本概况 经中国证券监督管理委员会出具的《关于核准四川东材科技集团股份有限公 司公开发行可转换公司债券的批复》（证监许可【2022】2410 号） ...

本公司及董事会全体成员保证公告内容不存在虚假记载、误导性陈述或者 重大遗漏，并对其内容的真实、准确和完整承担个别及连带责任。 | 证券代码：601208 | 证券简称：东材科技 | 公告编号：2024-050 | | --- | --- | --- | | 转债代码：113064 | 转债简称：东材转债 | | 四川东材科技集团股份有限公司 第六届董事会第十次临时会议决议公告 四川东材科技集团股份有限公司（以下简称"公司"或"本公司"）第六届 董事会第十次临时会议于 2024 年 4 月 15 日以通讯方式召开。由于事情紧急，需 要尽快召开董事会临时会议，公司全体董事一致同意豁免会议通知期限，且召集 人已在董事会上作出说明。本次会议应到董事 6 名，实到董事 6 名，会议由董事 长唐安斌先生主持，公司全体监事、高级管理人员列席了会议。本次会议的召集 和召开符合《公司法》和《公司章程》的有关规定。经与会董事认真审议并表决， 通过了《关于不向下修正"东材转债"转股价格的议案》。 表决结果为：6 票同意，0 票反对，0 票弃权。 公司董事会决定本次不向下修正"东材转债"的转股价格，且自本次董事会 审议通过后的次一交 ...

| 证券代码：601208 | 证券简称：东材科技 | 公告编号：2024-052 | | --- | --- | --- | | 转债代码：113064 | 转债简称：东材转债 | | 四川东材科技集团股份有限公司 关于使用闲置募集资金进行现金管理的进展公告 本公司及董事会全体成员保证公告内容不存在虚假记载、误导性陈述或者 重大遗漏，并对其内容的真实、准确和完整承担个别及连带责任。 重要内容提示 现金管理受托方：浙商银行股份有限公司成都分行、上海浦东发展银行 股份有限公司绵阳分行 现金管理金额：10,000万元、3,000万元（人民币） 现 金 管 理 产 品 名 称 ： 浙 商 银 行 单 位 结 构 性 存 款 ( 产 品 代 码 ： EGQ24008DT)、利多多公司稳利24JG3212期(3个月早鸟款)人民币对公结构性 存款 现金管理期限：89天、90天 履行的审议程序：2023年3月28日，四川东材科技集团股份有限公司 （以下简称"公司"或"本公司"）召开第六届董事会第三次会议和第六届监 事会第二次会议，审议通过了《关于使用闲置募集资金进行现金管理的议案》。 2023年5月19日，公司召开2022 ...

Investment Rating - The report maintains a "Buy" rating for the company [2][4]. Core Views - The company reported a revenue of 3.737 billion RMB in 2023, a year-on-year increase of 2.67%, while the net profit attributable to shareholders was 329 million RMB, a decrease of 20.78% [2]. - In Q1 2024, the company achieved a revenue of 921 million RMB, representing a year-on-year growth of 7.26%, but the net profit attributable to shareholders fell by 28.23% to 51 million RMB [2]. - The company is expected to recover from the impact of a fire incident that temporarily halted production, with operations gradually resuming by early February 2024 [3]. Summary by Relevant Sections Financial Performance - Revenue for 2023 was 3.737 billion RMB, with a growth rate of 2.67% compared to 2022 [6]. - The net profit for 2023 was 329 million RMB, down 20.78% from the previous year [6]. - For Q1 2024, revenue was 921 million RMB, up 7.26% year-on-year, while net profit was 51 million RMB, down 28.23% [2]. Business Segment Analysis - Electrical insulation materials generated revenue of 89.17 million RMB in Q1 2024, with a shipment volume of 0.86 thousand tons and a price of 10.4 thousand RMB per ton [2]. - Optical film materials achieved a revenue of 210 million RMB in Q1 2024, with a shipment volume of 18 thousand tons and a price of 11.6 thousand RMB per ton [2]. - Electronic materials reported a revenue of 228 million RMB in Q1 2024, with a shipment volume of 11.5 thousand tons and a price of 19.8 thousand RMB per ton [2]. - Environmental flame retardant materials generated revenue of 36 million RMB in Q1 2024, with a shipment volume of 3.5 thousand tons and a price of 9.8 thousand RMB per ton [2]. Profit Forecast and Valuation - The forecasted net profits for 2024, 2025, and 2026 are 452 million RMB, 594 million RMB, and 780 million RMB, respectively, with corresponding EPS of 0.49, 0.65, and 0.85 RMB [4]. - The projected P/E ratios for the same years are 17.95X, 13.68X, and 10.42X [4].

Financial Performance - In 2023, the company achieved operating revenue of 3.737 billion yuan, an increase of 2.67% year-on-year[7]. - The net profit attributable to shareholders was 329 million yuan, a decrease of 20.78% year-on-year[7]. - The basic earnings per share was 0.37 yuan, down 19.57% year-on-year[7]. - The net cash flow from investment activities was -380,353,333.69 yuan, an increase of 215,258,889.10 yuan, representing a growth of 36.14% year-on-year[17]. Investment and Asset Management - Fixed assets increased to 3.496 billion yuan, accounting for 35.22% of total assets, reflecting a 33.38% increase from the previous period[20]. - Long-term borrowings rose to 847.85 million yuan, a 65.10% increase compared to the previous period[20]. Product Development and Innovation - The company has successfully developed new products in emerging application fields such as new generation servers and new energy vehicles[10]. - The company has actively adjusted its product structure in 2023, successfully entering emerging application fields such as automotive decoration and communication networks, with differentiated products like polarizer release film and MLCC release base film seeing continuous growth[29]. - The company is focusing on the rapid expansion of optical film production capacity, with plans to integrate market resources and accelerate the development of new technologies and applications[29]. - The company is investing in the development of new technologies, including fluorine-free, high-transparency polyester film technology, to improve product performance and meet market demands[45]. Market Strategy and Positioning - The company aims to strengthen its market position by building technical barriers around its flagship products and consolidating its leading status in the domestic market[29]. - The company is leveraging its technical reserves and manufacturing experience in electrical insulation materials to capitalize on opportunities in the new energy sector[25]. - The company is actively optimizing its product and order structure to counteract market pressures and enhance economic resilience[7]. Research and Development - The company received approval for multiple provincial and municipal technology projects, enhancing its R&D capabilities[10]. - The company is committed to enhancing its competitiveness in the chemical new materials sector, which is identified as a key area for future manufacturing strength in China[34]. - The company is focusing on technological innovation and market expansion to enhance product competitiveness and optimize product structure[103]. Subsidiary Performance - The company’s subsidiary, Jiangsu Dongcai, achieved revenue of CNY 1,907.34 million, a year-on-year increase of 16.45%, and net profit of CNY 54.81 million, a year-on-year increase of 50.86%[91]. - The subsidiary, Dongfang Insulation, reported revenue of CNY 1,336.84 million, a year-on-year increase of 2.52%, but net profit decreased by 37.44% to CNY 167.69 million due to increased competition and production costs[90]. - The subsidiary Dongcai New Materials achieved revenue of CNY 116,517.61 million, a year-on-year increase of 38.37%, and net profit of CNY 15,098.18 million, a year-on-year increase of 160.91%[121]. Risk Management - The company is facing risks related to insufficient capacity utilization and foreign exchange fluctuations due to international financial instability and ongoing interest rate hikes by major economies[138]. - The company is exposed to risks from raw material price fluctuations, talent loss, and rising labor costs[166][167]. - The company operates in a highly regulated environment concerning safety and environmental standards, facing significant regulatory risks[168]. Corporate Governance - The board of directors consists of 7 members, including 3 independent directors, ensuring compliance with legal requirements[171]. - The company has established strict information disclosure management systems to ensure timely and accurate reporting of significant information[175]. - The audit committee reviewed the 2022 financial statements and established the audit plan for the year, ensuring compliance with important timelines and audit points[189]. Strategic Initiatives - The company is focusing on innovation and technology advancement to enhance production efficiency and product competitiveness, particularly in emerging industries like semiconductors and lithium batteries[99]. - The company is actively exploring external development paths and accelerating the construction of innovation and information platforms[101]. - The company aims to achieve an annual revenue exceeding 5 billion yuan in 2024, focusing on quality improvement and innovation to drive development[130].

Financial Performance - The company's operating revenue for Q1 2024 was CNY 920,634,355.21, representing a year-on-year increase of 7.26%[6] - The net profit attributable to shareholders decreased by 28.23% to CNY 50,716,353.68 compared to the same period last year[6] - The net profit after deducting non-recurring gains and losses fell by 36.54% to CNY 37,116,110.01[6] - Total operating revenue for Q1 2024 reached ¥920,634,355.21, an increase of 7.25% compared to ¥858,320,668.73 in Q1 2023[20] - Net profit for Q1 2024 was ¥44,264,399.60, a decrease of 37.73% from ¥71,089,639.71 in Q1 2023[21] - Earnings per share for Q1 2024 were ¥0.06 (basic) and ¥0.05 (diluted), down from ¥0.08 for both in Q1 2023[22] Cash Flow - The net cash flow from operating activities was negative at CNY -192,664,583.03, an increase in outflow of 28.01%[6] - In Q1 2024, the cash inflow from operating activities was CNY 654,443,105.92, a significant increase of 71.4% compared to CNY 381,659,839.74 in Q1 2023[23] - The net cash flow from operating activities was -CNY 192,664,583.03, an improvement from -CNY 267,611,918.76 in the same period last year[24] - The cash inflow from investment activities totaled CNY 237,300,581.52, down 73.7% from CNY 902,439,012.69 in Q1 2023[24] - The net cash flow from investment activities was -CNY 403,812,464.42, worsening from -CNY 65,120,547.23 year-over-year[24] - The cash inflow from financing activities was CNY 1,033,923,617.41, a decrease of 11.3% compared to CNY 1,164,979,098.97 in Q1 2023[24] - The net cash flow from financing activities was CNY 315,919,450.62, down from CNY 424,505,387.47 in the previous year[24] - The total cash and cash equivalents at the end of Q1 2024 were CNY 694,343,232.88, a decrease from CNY 1,437,354,267.04 at the end of Q1 2023[24] Assets and Liabilities - Total assets at the end of the reporting period were CNY 10,107,381,717.54, up 1.82% from the end of the previous year[7] - The company's equity attributable to shareholders decreased slightly by 0.01% to CNY 4,569,189,177.96[7] - The total liabilities increased to RMB 3,000,000,000, reflecting the company's ongoing investment and operational strategies[17] - Total liabilities as of Q1 2024 amounted to ¥5,401,229,268.68, an increase from ¥5,214,776,290.84 in Q1 2023[19] - The company's total assets increased to ¥10,107,381,717.54 in Q1 2024 from ¥9,926,704,438.57 in Q1 2023[19] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 34,421[11] - The top shareholder, Gaojin Technology Industry Group Co., Ltd., holds 19.87% of the shares, totaling 182,387,480 shares[11] Expenses - Total operating costs for Q1 2024 were ¥892,226,577.75, up 12.99% from ¥789,208,494.62 in Q1 2023[20] - Research and development expenses for Q1 2024 totaled ¥34,748,193.47, a decrease of 35.14% compared to ¥53,572,120.70 in Q1 2023[20] - The company reported a decrease in management expenses to ¥20,808,271.95 in Q1 2024 from ¥29,239,009.18 in Q1 2023, a reduction of 28.66%[20] - The company paid CNY 113,241,197.79 in employee compensation, an increase of 6.5% from CNY 106,314,923.55 in Q1 2023[24] - The company reported a cash outflow of CNY 28,513,935.79 for taxes, up 27% from CNY 22,472,332.54 in the same quarter last year[24] - The company experienced a cash outflow of CNY 37,513,926.70 for other operating activities, an increase of 14.8% compared to CNY 32,697,906.33 in Q1 2023[24] Borrowings and Debt - The company reported a significant increase in short-term borrowings by 39.82% due to increased bank loans[9] - Short-term borrowings rose significantly to RMB 1,231,692,110.37 from RMB 880,927,513.86, marking an increase of around 39.8%[17] Inventory and Receivables - The company's accounts receivable increased to RMB 832,270,518.61 from RMB 736,397,954.78, which is an increase of approximately 13%[16] - The company's inventory decreased to RMB 472,480,435.24 from RMB 498,484,425.64, showing a decline of approximately 5.2%[16] Convertible Bonds - The company issued 14 million convertible bonds with a total value of RMB 140,000,000, which are set to mature in 6 years[14] - As of March 31, 2024, the unconverted amount of the convertible bonds was RMB 1,399,933,000, accounting for 99.9952% of the total issuance[14] Impairment Loss - The company experienced a credit impairment loss of ¥3,233,013.16 in Q1 2024, compared to a loss of ¥1,769,941.57 in Q1 2023[21]

中信建投证券股份有限公司 关于四川东材科技集团股份有限公司 2023 年度持续督导现场检查报告 中信建投证券股份有限公司（以下简称"中信建投证券"或"保荐人"）作 为四川东材科技集团股份有限公司（以下简称"东材科技"或"公司"）2022 年 公开发行可转换公司债券的保荐人，已承接东材科技 2020 年非公开发行股票项 目原保荐人未完成的持续督导工作。根据中国证券监督管理委员会《证券发行上 市保荐业务管理办法》、《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、法规和规范性文件的要求，中信建投证券于 2024 年 4 月 8 日至 2024 年 4 月 10 日对公司进行了现场检查。现将本次现场检查情况报告如 下： 一、本次现场检查的基本情况 保荐人于 2024 年 4 月 8 日至 2024 年 4 月 10 日对东材科技进行了现场检查。 现场检查人员包括张莉、宋立城（以下简称"项目组"）。 在现场检查过程中，保荐人结合东材科技的实际情况，查阅、收集了东材科 技有关文件、资料，与公司管理人员和员工进行了访谈，实施了包括审核、查证、 询问等必要程序，检查了公司治理和内部控制、信息披露、 ...