证券代码：603125 证券简称：常青科技 公告编号：2024-068 江苏常青树新材料科技股份有限公司 江苏常青树新材料科技股份有限公司 关于使用暂时闲置募集资金进行现金管理的进展公告 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： 现金管理产品：结构性存款 现金管理金额：27,000 万元 履行的审议程序：公司于 2024 年 4 月 1 日召开第二届董事会第四次会议、 第二届监事会第三次会议分别审议通过《关于使用暂时闲置募集资金进行现金管 理的议案》，同意使用不超过人民币 80,000.00 万元(含本数）的暂时闲置募集 资金进行现金管理，该额度自董事会审议通过之日起 12 个月内有效。独立董事 对该事项召开了独立董事专门会进行讨论，保荐人发表了无异议的核查意见。 特别风险提示：公司本次购买的理财产品均为保证本金的低风险产品， 但结构性存款产品可能面临多重风险因素，包括但不限于政策风险、市场风险、 流动性风险、产品不成立风险、信息传递风险、管理风险、产品提前终止风险、 不可抗力及意外事件风险、信用风险、估 ...

Summary of Jiangsu Changqing Tree New Materials Technology Co., Ltd. Q3 2024 Earnings Call Company Overview - Jiangsu Changqing Tree New Materials Technology Co., Ltd. focuses on the research, production, and sales of polymer new materials, particularly specialty monomers and additives, positioning itself as a leader in the domestic polymer new materials industry [1][2] Core Business and Product Lines - The company’s main products include: - Specialty monomers such as divinylbenzene and α-methylstyrene - Specialty additives including various phosphite esters [2] - The company emphasizes advanced technology to replace imports and fill domestic gaps, enhancing the international competitiveness of China's polymer new materials industry [1] Financial Performance - For the first three quarters of 2024: - Total revenue reached 810 million yuan, a year-on-year increase of 8.63% - Net profit attributable to shareholders was 156 million yuan, showing a slight decline [2] - Total assets amounted to 2.437 billion yuan, up 6.02% from the previous year [2] - Quarterly sales breakdown: - Q1: 243 million yuan - Q2: 299 million yuan - Q3: 267 million yuan - Revenue from specialty monomers and additives accounted for significant portions of total sales [2][3] Market Segmentation - Major downstream markets include: - Environmental protection (23.8% of revenue) - Fragrance and flavor (23.19%) - Wind power (6.43%) - These sectors combined represent approximately 53.42% of total sales [3] Competitive Strategy - The company avoids low-price strategies and homogeneous competition, focusing on differentiated advantages and a rich product matrix [4] - Emphasizes high-quality production capabilities to meet customized demands across various fields [4] Product Development and Market Trends - New products are designed to meet environmental standards and replace traditional materials, with a focus on stability and eco-friendliness [5] - The company has made significant advancements in production technology, leading to products that fill domestic gaps and meet international quality standards [6] - The market for polymer materials is shifting towards environmentally friendly options, with increasing regulatory pressures on traditional materials [5] Future Development Plans - The company plans to focus on: - Technological innovation and product upgrades - Expanding into high-end fine chemicals - Addressing key material shortages in the industry [8][10] - Upcoming projects include: - Wood project to enhance product variety and capacity - Expansion of specialty monomer production [10] - The company aims to strengthen its market position through strategic partnerships and research collaborations [11] Risk Management - The company is prepared to adjust production and marketing strategies in response to market fluctuations, maintaining stable growth even during economic downturns [8][9] Conclusion - Jiangsu Changqing Tree New Materials Technology Co., Ltd. is committed to innovation and quality, aiming to lead in the polymer new materials sector while addressing environmental concerns and market demands [11]

产品价格方面，虽然公司产品对下游客户存在一定的成本转嫁能力， 但在充分考虑行业整体持续发展的前提下，暂时没有调整产品定价。高分 子新材料产品具有复杂的生产系统，相同的产品在不同领域的应用场景的 需求其实是不尽相同的，这就带来比较高的生产难度。一直以来，公司避 免采用低价策略吸引市场，不参与低效率的同质化竞争，以差异化优势作 为主要发展路径。丰富的产品矩阵是公司的竞争优势之一，公司各产品之 间的协同效应、优异且稳定的高品质产品生产能力，可以满足不同领域内 的定制化需求；通过不同产品间的技术配合，使公司系列型产品能够解决 下游多场景应用的困境，这种完善产品矩阵的模式在行业中是独树一帜的 ，公司后续战略也会坚定地沿着这条路径发展下去。 募投项目部分装置产品有望于今年四季度陆续试生产，您关注的2-乙 烯基萘是公司募投项目规划产品之一，具体装置建设进展及产品陆续投产 的情况敬请您关注后续进展公告。感谢您的关注！ 4. 请问七期项目开工没？预计什么时候建设完成？ 证券代码：603125 证券简称：常青科技 编号：2024002 | | 特定对象调研 | 分析师会议 | | --- | --- | --- | | | ...

Investment Rating - The investment rating for the company is "Buy" (maintained) [2][7] Core Views - The company's performance has been impacted by high raw material prices, particularly the significant increase in pure benzene prices, which rose by 18.77% year-on-year to 7582.26 CNY/ton [3] - Despite the challenges, the company has seen steady growth in sales volume for its main products, with high polymer new materials special monomers and additives increasing by 5304.71 tons and 1955.07 tons year-on-year, respectively [3] - The company is actively expanding its production capacity, with new projects expected to commence production soon, which will enhance its product matrix and support future revenue growth [4] Summary by Sections Recent Performance - In the first three quarters of 2024, the company achieved a revenue of 810 million CNY, reflecting an increase of 8.63% year-on-year [3] - The gross profit margin for the same period was 28.75%, down by 4.42 percentage points year-on-year [3] - The net profit attributable to the parent company for Q3 2024 was 53 million CNY, a decrease of 5.87% year-on-year [3] Future Projections - Revenue projections for 2024, 2025, and 2026 are 1.101 billion CNY, 1.476 billion CNY, and 2.358 billion CNY, respectively, with corresponding net profits of 211 million CNY, 289 million CNY, and 478 million CNY [5][13] - The company is expected to maintain a high growth rate, with revenue growth rates projected at 8%, 34%, and 60% for the respective years [9][13] Market Position - The company is positioned in an advanced international and domestic niche market, focusing on core technologies and continuous product development [4] - The stock has shown a relative performance of +4.5% over the past month, outperforming the CSI 300 index, which declined by 1.8% [3]

（网址：https://roadshow.sseinfo.com/） 会议召开方式：上证路演中心视频直播和网络互动 投资者可于 2024 年 11 月 04 日(星期一)至 11 月 08 日(星期五)16:00 前登录 上 证 路 演 中 心 网 站 首 页 点 击 " 提 问 预 征 集 " 栏 目 或 通 过 公 司 邮 箱 securities@cqs-hm.com 进行提问。公司将在说明会上对投资者普遍关注的问题 进行回答。 江苏常青树新材料科技股份有限公司 证券代码：603125 证券简称：常青科技 公告编号：2024-067 江苏常青树新材料科技股份有限公司 关于召开 2024 年第三季度业绩说明会的公告 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： 江苏常青树新材料科技股份有限公司（以下简称"公司"）已于 2024 年 10 月 26 日发布公司 2024 年第三季度报告，为便于广大投资者更全面深入地了解公 司 2024 年第三季度经营成果、财务状况，公司计划于 2024 年 11 月 11 ...

江苏常青树新材料科技股份有限公司 江苏常青树新材料科技股份有限公司 关于使用暂时闲置募集资金进行现金管理的进展公告 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： 现金管理产品：结构性存款 现金管理金额：30,600 万元 履行的审议程序：公司于 2024 年 4 月 1 日召开第二届董事会第四次会议、 第二届监事会第三次会议分别审议通过《关于使用暂时闲置募集资金进行现金管 理的议案》，同意使用不超过人民币 80,000.00 万元(含本数）的暂时闲置募集 资金进行现金管理，该额度自董事会审议通过之日起 12 个月内有效。独立董事 对该事项召开了独立董事专门会进行讨论，保荐人发表了无异议的核查意见。 特别风险提示：公司本次购买的理财产品均为保证本金的低风险产品， 但结构性存款产品可能面临多重风险因素，包括但不限于政策风险、市场风险、 流动性风险、产品不成立风险、信息传递风险、管理风险、产品提前终止风险、 不可抗力及意外事件风险、信用风险、估值风险、欠缺投资经验风险、数据来源 风险、观察日调整风险等。敬请广大投资 ...

Investment Rating - The investment rating for the company is "Accumulate" [3] Core Views - The company reported a revenue of 810 million yuan for Q3 2024, representing a year-on-year increase of 8.63%, while the net profit attributable to shareholders decreased by 5.78% year-on-year [1] - Despite a decline in product prices, the increase in production and sales volume contributed to revenue growth [1] - The rise in raw material prices, particularly for benzene and ethylene, has negatively impacted profit margins, but a forecasted decrease in these prices may lead to profit recovery in the future [1] Financial Performance Summary - For Q3 2024, the company achieved a revenue of 267 million yuan, a year-on-year increase of 8.35%, but a quarter-on-quarter decrease of 10.78% [1] - The average procurement prices for key raw materials in the first three quarters of 2024 were 7582.26 yuan/ton for benzene and 6850.77 yuan/ton for ethylene, reflecting increases of 18.77% and 11.82% year-on-year, respectively [1] - The company expects revenues of 1.169 billion yuan, 1.834 billion yuan, and 2.209 billion yuan for 2024, 2025, and 2026, respectively, with corresponding net profits of 213 million yuan, 378 million yuan, and 483 million yuan [2][5] Future Growth Potential - The company is positioned as a fine chemical enterprise with several high-end products and expansion projects that are expected to enhance future growth [2] - The projected PE ratios for 2024, 2025, and 2026 are 24.13, 13.59, and 10.63, indicating potential for valuation improvement as earnings grow [2]

江苏常青树新材料科技股份有限公司 证券代码：603125 证券简称：常青科技 公告编号：2024-065 江苏常青树新材料科技股份有限公司 2024 年第三季度报告主要经营数据的公告 一、主要产品产量、销售及收入实现情况 单位：吨、万元 | 主要产品 | 2024 | 年 | 1-9 | 月产量 2024 | 年 | 1-9 | 月销量 | 2024 | 年 | 1-9 | 月销售 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | | | | | | | | 金额 | | | 高分子新材料特种单体 | | | 29,697.88 | | | 30,400.60 | | | | 38,744.19 | | | 特种单体中间体 | | | 45,880.01 | | | 47,280.61 | | | | 12,917.82 | | | 高分子新材料专用助剂 | | | 28,963.75 | | | 28,710.18 | | | | 25,636.40 | | 注：产量=外购成品量+自产量；销 ...

Financial Performance - The company's operating revenue for Q3 2024 was ¥267,212,780.95, representing an increase of 8.35% compared to the same period last year[2]. - The net profit attributable to shareholders for Q3 2024 was ¥52,681,447.26, a decrease of 5.87% year-on-year[2]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥49,179,897.85, down 8.57% from the previous year[2]. - The basic earnings per share for Q3 2024 was ¥0.19, a decline of 5.66% compared to the same period last year[3]. - Total operating revenue for the first three quarters of 2024 reached ¥809,652,186.13, an increase of 8.65% compared to ¥745,337,790.16 in the same period of 2023[12]. - Net profit for the first three quarters of 2024 was ¥155,826,245.26, a decrease of 5.93% from ¥165,381,335.97 in the previous year[13]. - Basic and diluted earnings per share for the first three quarters of 2024 were both ¥0.56, down from ¥0.67 in the same period of 2023[14]. - The company reported a total comprehensive income of ¥156,001,685.26 for the first three quarters of 2024, down from ¥165,469,055.97 in the previous year[14]. - The company experienced a decrease in total profit to ¥178,222,185.37, down from ¥192,622,759.55 in the same period of 2023, reflecting a decline of 7.48%[13]. Assets and Liabilities - The total assets at the end of the reporting period were ¥2,436,561,917.64, an increase of 6.02% from the end of the previous year[3]. - As of September 30, 2024, total assets amounted to RMB 2,436,561,917.64, an increase from RMB 2,298,254,162.50 at the end of 2023, reflecting a growth of approximately 6.03%[9]. - Total liabilities increased to RMB 152,697,688.22 from RMB 129,738,193.69, reflecting an increase of about 17.63%[11]. - The company's total liabilities increased to approximately ¥152.33 million from ¥129.55 million, marking an increase of about 17.5%[19]. - Shareholders' equity rose to RMB 2,283,864,229.42 from RMB 2,168,515,968.81, indicating an increase of approximately 5.30%[11]. - The total equity of the company rose to approximately ¥2.29 billion from ¥2.17 billion, reflecting an increase of about 5.5%[20]. Cash Flow - The net cash flow from operating activities for the year-to-date was ¥132,900,863.31, down 20.17% compared to the same period last year[2]. - Cash flow from operating activities generated a net amount of ¥132,900,863.31, compared to ¥166,475,523.57 in the previous year, reflecting a decline of 20.19%[15]. - The net cash flow from investing activities was negative at approximately -¥133.38 million, compared to -¥739.36 million in the previous period, showing an improvement[16]. - The net cash flow from financing activities was also negative at approximately -¥44.27 million, a significant decrease from a positive cash flow of ¥1.10 billion previously[16]. - The net cash flow from operating activities was ¥138,143,700.75, down 17.00% from ¥166,475,523.57 in the same period last year[25]. Investments and Expenses - Research and development expenses increased to ¥35,951,622.10, up 21.56% from ¥29,679,856.71 in the same period of 2023[12]. - The company reported non-recurring gains of ¥3,501,549.41 for the current period, with government subsidies contributing ¥319,428.19[4]. - Investment income significantly increased to ¥15,581,202.65, compared to ¥3,076,477.20 in the same period of 2023, marking a growth of 407.36%[12]. - The company’s financial expenses improved, showing a reduction to -¥5,798,198.60 from -¥11,447,266.12 in the previous year[22]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 20,459[6].

江苏常青树新材料科技股份有限公司 证券代码：603125 证券简称：常青科技 公告编号：2024-063 江苏常青树新材料科技股份有限公司 关于使用暂时闲置自有资金进行现金管理的进展公告 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： 现金管理产品名称：结构性存款 现金管理金额：10,000 万元人民币 履行的审议程序：公司于 2024 年 4 月 1 日召开的第二届董事会第四次 会议及第二届监事会第三次会议，审议通过了《关于公司拟使用暂时闲置自有 资金进行现金管理的议案》，同意公司在不超过人民币 30,000 万元的额度内使 用闲置自有资金进行现金管理，上述额度自董事会审议通过之日起 12 个月内可 滚动计算。该事项在董事会审批权限内，无须提交股东大会审议。 特别风险提示：公司本次购买的理财产品均为保证本金的低风险产品， 但结构性存款产品可能面临多重风险因素，包括但不限于政策风险、市场风险、 流动性风险、产品不成立风险、信息传递风险、管理风险、产品提前终止风险、 不可抗力及意外事件风险、信用风险、估值风险、欠 ...