| 证券代码：603113 | 证券简称：金能科技 公告编号：2024-076 | | --- | --- | | 债券代码：113545 | 债券简称：金能转债 | 转股情况：截至 2024 年 9 月 30 日，累计共有 513,559,000 元"金能转 债"已转换成公司股票，累计转股数为 47,748,527 股，占可转债转股前公司已 发行股份总额的 7.064%。 未转股可转债情况：截至 2024 年 9 月 30 日，尚未转股的可转债金额为 956,441,000 元，占可转债发行总量的 63.7627%。 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《关于核准金能科技股份有限公司公开发行可转 换公司债券的批复》（证监许可【2019】930 号）的核准，公司于 2019 年 10 月 14 日公开发行了 1,500 万张可转换公司债券，每张面值为人民币 100 元，按面 值发行，期限 6 年，募集资金总额为 1,500,000,000.00 元，扣除发行费用（不 含税）13,687,735.86 元后，募集资金净额为 1,486,312,264.14 元。上述资金 于 2 ...

| 证券代码：603113 | 证券简称：金能科技 | 公告编号：2024-074 | | --- | --- | --- | | 债券代码：113545 | 债券简称：金能转债 | | 金能科技股份有限公司 关于可转换公司债券 2023 年度付息公告 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个别及连带责任。 重要内容提示： 金能科技股份有限公司（以下简称"公司"）于 2019 年 10 月 14 日公开发 行的可转换公司债券（以下简称"金能转债"）将于 2024 年 10 月 14 日开始支 付自 2023 年 10 月 14 日至 2024 年 10 月 13 日期间的利息。根据本公司《公开发 行 A 股可转换公司债券募集说明书》（以下简称"募集说明书"）有关条款的规 定，现将有关事项公告如下： 一、本期债券的基本情况 1、债券名称：金能科技股份有限公司可转换公司债券 7、面值和发行价格：本次发行的可转换公司债券每张面值为人民币 100 元， 按面值发行。 8、债券期限：本次发行的可转换公司债券的存续期限为自发行之日起 6 年 ...

Investment Rating - The report assigns an "Overweight" rating to the company, marking the first coverage [2] Core Views - The company's project construction is progressing smoothly, with improved H1 2024 performance compared to the previous year [2] - The company is committed to building a unique "C3+C4+photovoltaic+hydrogen" green chemical industry chain in the fields of new materials and new energy, with orderly release of capacity from ongoing projects, indicating potential for rapid development [6][47] Financial Performance - In H1 2024, the company achieved revenue of 6.886 billion yuan, a year-on-year decrease of 4.56% [3] - Net profit attributable to the parent company in H1 2024 was -43 million yuan, showing a narrowing loss compared to the previous year [3] - Operating cash flow in H1 2024 was 318 million yuan, a year-on-year increase of 1711.28%, mainly due to reduced procurement of raw materials such as propane [3] Product Performance - Carbon black products generated revenue of 2.234 billion yuan in H1 2024, a year-on-year increase of 0.83%, with a gross profit of 117 million yuan and a gross margin of 5.22% [3] - Olefin products generated revenue of 2.207 billion yuan in H1 2024, a year-on-year decrease of 11.24%, with a gross loss of 18 million yuan and a gross margin of -0.83% [3] - Coal tar products generated revenue of 1.641 billion yuan in H1 2024, a year-on-year decrease of 12.25%, with a gross loss of 4 million yuan and a gross margin of -0.25% [3] - Fine chemical products generated revenue of 255 million yuan in H1 2024, a year-on-year increase of 1.02%, with a gross profit of 34 million yuan and a gross margin of 13.41% [3] Project Progress - The Qingdao base has established an annual production capacity of 1.8 million tons of propylene, 1.35 million tons of polypropylene, and 480,000 tons of carbon black, utilizing Lummus and Basell technologies to create a unique global resource recycling model [3] - The second phase of the new plant, with 900,000 tons/year PDH and 2*450,000 tons/year PP, is expected to be fully operational in the second half of the year, further amplifying the scale effect of olefin production capacity and optimizing the company's energy utilization structure [3] Market Data - The current stock price is 4.57 yuan, with a 52-week price range of 4.56-8.78 yuan [3] - The total market capitalization is 3.87513 billion yuan, with a circulating market capitalization of 3.87513 billion yuan [3] - The average daily trading volume is 278.1 million yuan [3] Profit Forecast - The company is expected to achieve revenues of 17.15 billion yuan, 20.533 billion yuan, and 23.02 billion yuan in 2024, 2025, and 2026, respectively [47] - Net profit attributable to the parent company is expected to be -65 million yuan, 112 million yuan, and 245 million yuan in 2024, 2025, and 2026, respectively [47] - The current stock price corresponds to a PE ratio of 34.45x and 15.80x for 2025 and 2026, respectively [47] Financial Ratios - The gross margin in H1 2024 was 1.92% [3] - The asset-liability ratio in H1 2024 was 51.91% [19] - The asset turnover rate in H1 2024 was 37.99% [20] - The ROE in H1 2024 was -0.5% [19]

金能科技（603113.SH） 中性 上半年业绩同比减亏，下半年青岛二期投产规模效应有望增强 公司发布 2024 年半年报：2024H1 公司实现营收 68.9 亿元（-4.6%），归母 净利润-0.4 亿元（+29.5%），扣非归母净利润-0.7 亿元（+59.2%）；其中 2024Q2 公司实现营收 35.0 亿元（-7.3%），归母净利润-0.2 亿元（-124.1%）， 扣非归母净利润-0.3 亿元（-316.8%）。上半年公司营收同比降低主要系烯 烃产品销量减少及焦化产品价格下降，利润同比增加主要系公司烯烃、炭黑 产品毛利升高。 2024Q2 青岛基地检修影响烯烃、炭黑产品产量，原材料价格多数同比上涨 以及产品价格多数同比下跌致毛利率下降。2024Q2 公司烯烃产品产/销量为 16.7/15.2 万吨，同比-26.0%/-36.4%，平均售价（不含税）6693.5 元/吨 （+8.3%）；炭黑产品产/销量 14.8/14.7 万吨，同比+1.3%/-4.6%，平均售 价（不含税）7197.3 元/吨（-0.1%）；煤焦产品产/销量 36.7/37.3 万吨， 同比+3.2%/+3.7%，平均售价（不 ...

干源证券 基础化工/化学原料 Q2 增量降本环比减亏，关注烯烃二期投产贡献 金能科技（603113.SH） 2024 年 09 月 02 日 ——公司 2024 年中报点评报告 投资评级：买入（维持） | --- | --- | |-------------------------|-----------| | 日期 | 2024/8/30 | | 当前股价 ( 元 ) | 4.82 | | 一年最高最低 ( 元 ) | 8.78/4.59 | | 总市值 ( 亿元 ) | 40.87 | | 流通市值 ( 亿元 ) | 40.87 | | 总股本 ( 亿股 ) | 8.48 | | 流通股本 ( 亿股 ) | 8.48 | | 近 3 个月换手率 (%) | 45.41 | 股价走势图 -48% -32% -16% 0% 16% 2023-09 2024-01 2024-05 金能科技 沪深300 数据来源：聚源 相关研究报告 《Q1 增量降本同比减亏明显，关注烯 烃二期投产贡献—2024 年一季报点评 报告》-2024.4.30 《商品价跌致业绩承压，关注烯烃二 期 投 产 — 2023 年 报 点 评 ...

| 证券代码：603113 | 证券简称：金能科技 | 公告编号：2024-073 | | --- | --- | --- | | 债券代码：113545 | 债券简称：金能转债 | | 金能科技股份有限公司 三、参加人员 董事长：秦庆平先生 关于 2024 年半年度业绩说明会召开情况的公告 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个别及连带责任。 一、说明会类型 本次投资者说明会以网络互动形式召开，公司管理层针对 2024 年半年度的 基本情况及经营成果等问题与投资者进行了互动交流和沟通。 二、说明会召开的时间、地点 说明会于 2024 年 09 月 02 日（星期一）10:00-11:00 通过价值在线 （www.ir-online.cn）进行网络互动交流。 本次 2024 年半年度业绩说明会的主要内容详见附件。 特此公告。 金能科技股份有限公司董事会 2024 年 9 月 2 日 董事会秘书、财务总监：王忠霞女士 独立董事：武恒光先生 四、投资者参加方式 投资者以网络提问形式，就所关心的问题与公司参会人员进行了沟通交流。 五 ...

本次新增担保数量：2024 年 8 月，公司为金能化学青岛提供人民币 100,771.70 万元保证担保，为金狮国贸提供人民币 72,820.69 万元保证担保。 本次解除担保数量：2024 年 8 月，公司为金能化学青岛提供的 88,807.57 万元保证担保。 担保余额：截至目前，公司为金能化学青岛、金狮国贸、金能化学齐河及子 公司间互相提供的担保合同余额为人民币 854,000 万元，已实际使用的担保余额 为人民币 426,263.47 万元（含本次担保）。 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。 被担保人名称：金能科技股份有限公司（以下简称"公司"）之全资子公司 金能化学（青岛）有限公司（以下简称"金能化学青岛"）、金狮国际贸易（青 岛）有限公司（以下简称"金狮国贸"）、金能化学（齐河）有限公司（以下简 称"金能化学齐河"）。 关于为全资子公司提供担保的进展公告 重要内容提示： | 证券代码：603113 | 证券简称：金能科技 | 公告编号：2024-072 | | --- | --- | --- | | 债 ...

第五届监事会第四次会议决议公告 一、监事会会议召开情况 | 证券代码：603113 | 证券简称：金能科技 | 公告编号：2024-070 | | --- | --- | --- | | 债券代码：113545 | 债券简称：金能转债 | | 金能科技股份有限公司 本公司监事会及全体监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个别及连带责任。 重要内容提示： 公司全体监事出席了本次会议。 本次监事会议案获得通过，无反对票。 特此公告。 金能科技股份有限公司监事会 2024 年 8 月 30 日 报备文件 金能科技股份有限公司第五届监事会第四次会议决议 金能科技股份有限公司（以下简称"公司"）第五届监事会第四次会议的书 面通知于 2024 年 8 月 20 日以电子邮件、电话及专人送达方式发出，会议于 2024 年 8 月 30 日在公司会议室以现场方式召开。应参加会议并表决的监事 3 名，实 际参加会议并表决的监事 3 名，会议由祝德增先生主持，公司全体监事会成员出 席了本次会议。会议的召开符合《公司法》《公司章程》等有关法律、法规的规 定。 二、监事 ...

Financial Performance - The company's operating revenue for the first half of 2024 was ¥6,885,673,761.57, a decrease of 4.56% compared to the same period last year[13]. - The net profit attributable to shareholders was -¥43,033,504.25, an improvement of 29.46% year-on-year[13]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥67,374,839.90, which is a 59.15% increase compared to the previous year[13]. - The basic earnings per share for the reporting period was -¥0.05, showing a decrease of 28.57% compared to the previous year[13]. - The diluted earnings per share improved to -¥0.01, a 66.67% increase from -¥0.03 in the previous year[13]. - The total operating revenue for the first half of 2024 was CNY 6,885,673,761.57, a decrease of 4.56% compared to CNY 7,214,733,519.92 in the same period of 2023[84]. - The net profit for the first half of 2024 was a loss of CNY 43,033,504.25, an improvement from a loss of CNY 61,009,575.94 in the first half of 2023[85]. - The total comprehensive income for the first half of 2024 was CNY -41.97 million, an improvement from CNY -86.97 million in the first half of 2023[86]. Cash Flow and Liquidity - The net cash flow from operating activities increased significantly by 1,711.28%, reaching ¥318,129,192.88[13]. - The operating cash flow net amount increased by 1,711.28% year-on-year, primarily due to a reduction in the procurement volume of propane and other raw materials[27]. - Cash and cash equivalents at the end of the period reached ¥1,657,049,848.35, up from ¥1,285,730,470.84, representing a 29% increase[91]. - The company reported a net increase in cash and cash equivalents of ¥441,255,746.64, compared to an increase of ¥346,112,051.92 in the previous year, showing a growth of 27.5%[91]. - The total cash inflow from financing activities was ¥2,662,494,892.88, compared to ¥2,431,994,810.70 in the same period last year, indicating a 9.5% increase[91]. Assets and Liabilities - The total assets at the end of the reporting period were ¥17,968,843,989.04, a decrease of 1.73% from the end of the previous year[13]. - The net assets attributable to shareholders were ¥8,641,427,248.39, down 1.30% from the previous year[13]. - The company's accounts receivable decreased by 33.96% to ¥1,009,506,740.88 from ¥1,528,635,631.09 in the previous year[28]. - Total liabilities decreased to CNY 3,428,870,110.72 from CNY 3,756,587,265.57, a reduction of 8.73%[83]. - The company's equity attributable to shareholders decreased to RMB 8,641,427,248.39 from RMB 8,755,636,083.82, a decline of about 1.30%[80]. Production and Capacity - The Qingdao base has established a production capacity of 1.8 million tons/year for propylene, 1.35 million tons/year for polypropylene, and 480,000 tons/year for carbon black[15]. - The Qihe base has a production capacity of 1.5 million tons/year for coke, 300,000 tons/year for deep processing of coal tar, and 100,000 tons/year for methanol[16]. - The company plans to fully commission a new 900,000 tons/year PDH unit and two 450,000 tons/year PP units in the second half of the year, which is expected to enhance olefin capacity and improve cost efficiency[26]. Environmental and Safety Measures - The company emphasizes "green development" and has implemented measures to minimize environmental impact[40]. - The wastewater treatment station has been operating stably, ensuring treated water meets reuse standards[41]. - The company has established emergency response plans for environmental incidents at both Qingdao and Qihe bases, ensuring employee safety and environmental protection[45][46]. - The company has implemented safety regulations to mitigate risks associated with the production of chemical products[33]. Research and Development - Research and development expenses decreased by 12.09% year-on-year, attributed to reduced investment in R&D activities[27]. - The company plans to focus on market expansion and new product development in the upcoming quarters[88]. Shareholder and Governance Matters - The controlling shareholders, Qin Qingping and Wang Yongmei, committed to not reducing their holdings by more than 25% of their total shares within two years after the lock-up period ends[53]. - The company has established governance measures to prevent any potential conflicts of interest arising from its controlling shareholders' other business activities[56]. - The company appointed new independent directors and management personnel during the shareholder meetings held on April 8, 2024, and May 21, 2024[36]. Financial Instruments and Accounting Policies - The company recognizes revenue when it fulfills performance obligations, which occurs when customers gain control of the related goods or services, with specific methods for revenue recognition based on the type of performance obligation[181]. - The company assesses the cash flow characteristics of financial assets to determine their classification[134]. - The company applies impairment accounting for financial assets based on expected credit losses, including those measured at amortized cost and those measured at fair value with changes recognized in other comprehensive income[142]. Market and Industry Trends - The company faced a decrease in olefin product sales and a decline in coking product prices, impacting revenue[13]. - The carbon black market is expected to benefit from the automotive industry's growth, with new energy vehicles accounting for 35.20% of the market share in the first half of 2024[17].

金能科技股份有限公司（以下简称"公司"）第五届董事会第五次会议的书 面通知于 2024 年 8 月 20 日以电子邮件、电话及专人送达方式发出，会议于 2024 年 8 月 30 日在公司会议室以现场及通讯表决的方式召开。应参加会议并表决的 董事 11 名，实际参加会议并表决的董事 11 名，会议由董事长秦庆平先生主持， 公司全体监事及高级管理人员列席了本次会议。会议的通知、召开符合《公司法》 《公司章程》及有关法律、法规的规定。 二、董事会会议审议情况 （一）审议并通过了《关于公司 2024 年半年度报告及其摘要的议案》 表决结果：赞成 11 票，反对 0 票，弃权 0 票。 | 证券代码：603113 | 证券简称：金能科技 | 公告编号：2024-069 | | --- | --- | --- | | 债券代码：113545 | 债券简称：金能转债 | | 金能科技股份有限公司 第五届董事会第五次会议决议公告 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个别及连带责任。 重要内容提示： 一、董事会会议召开情况 特此公告。 金能科 ...