江苏新泉汽车饰件股份有限公司 舆情管理制度 第一章 总 则 第一条 为了提高江苏新泉汽车饰件股份有限公司（以下简称"公司"）应对 各类舆情的能力，建立快速反应和应急处置机制，充分发挥网络互动优势，正确把 握和引导网络舆论导向，及时、妥善处理各类舆情对公司股价、公司商业信誉及正 常生产经营活动造成的影响，切实保护投资者合法权益，根据《上海证券交易所股 票上市规则》等相关法律、法规和规范性文件及《江苏新泉汽车饰件股份有限公司 章程》（以下简称"《公司章程》"）的相关规定，结合公司实际情况，制定本 制度。 第二条 本制度所称"舆情"包括： （一） 报刊、电视、网络等媒体对公司进行的负面报道； （二） 社会上存在的已经或将给公司造成不良影响的传言或信息； （三） 可能或者已经影响社会公众投资者投资取向，造成股价异常波动的信 息； （四） 其他涉及公司信息披露且可能对公司股票及其衍生品交易价格产生 较大影响的事件信息。 第三条 公司舆情应对坚持"科学应对、突出导向、注重实效"的总体原则， 有效引导内部舆论和社会舆论，避免和消除因媒体可能对公司造成的各种负面影 响，切实维护公司的利益和形象。 第二章 舆情管理的组织体系及 ...

| 证券代码：603179 | 证券简称：新泉股份 公告编号：2024-069 | | --- | --- | | 债券代码：113675 | 债券简称：新 23 转债 | 江苏新泉汽车饰件股份有限公司 可转债转股结果暨股份变动公告 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： 累计转股情况：截至 2024 年 9 月 30 日，累计已有人民币 81,000 元新 23 转债已转换为公司股票，累计转股数为 1,574 股，占新 23 转债转股前公司已 发行股份总额的 0.0003%。 未转股可转债情况：截至 2024 年 9 月 30 日，尚未转股的新 23 转债金额 为人民币 1,159,919,000 元，占新 23 转债发行总量的比例为 99.9930%。 本季度转股情况：2024 年 7 月 1 日至 2024 年 9 月 30 日，累计已有人民 币 60,000 元新 23 转债已转换为公司股票，因转股形成的股份数量为 1,172 股。 一、可转债发行上市概况 单位：股 | 股份类别 | 变动前 | ...

江苏新泉汽车饰件股份有限公司 关于实际控制人之一股票质押式回购交易提前购回的公告 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： ●江苏新泉汽车饰件股份有限公司（以下简称"公司"）实际控制人之一唐 志华先生持有公司股份数量为 5,400.746 万股，占公司总股本比例为 11.08%。 唐志华先生本次将其进行股票质押式回购交易的 1,800 万股提前购回，本次提前 购回的股份占其所持本公司股份的 33.33%，占公司总股本的 3.69%。本次股票质 押式回购交易提前购回后，唐志华先生持有公司股份剩余质押数量为 1,800 万 股，占其持股数量比例为 33.33%。 公司于 2024 年 10 月 8 日接到实际控制人之一唐志华先生的通知，获悉其办 理了股票质押式回购交易提前购回业务，具体事项如下： | 证券代码：603179 | 证券简称：新泉股份 | 公告编号：2024-068 | | --- | --- | --- | | 债券代码：113675 | 债券简称：新 23 转债 | | 二、本次股份解除质押后 ...

Investment Rating - The report maintains a "Buy" rating for the company [2][3] Core Insights - The company achieved total revenue of 6.16 billion yuan in H1 2024, representing a year-on-year increase of 33.1%. In Q2 2024, revenue grew by 26.7% year-on-year and 2.3% quarter-on-quarter [2] - The net profit attributable to shareholders for H1 2024 was 1.31 billion yuan, with a year-on-year increase of 9.5%. In Q2 2024, the net profit was 0.21 billion yuan, showing a year-on-year decrease of 7.7% and a quarter-on-quarter decrease of 1.1% [2] - The company is expanding its global presence, with ongoing projects in Mexico, the United States, and Slovakia to enhance its market reach [2] Revenue Growth Drivers - Continuous increase in customer orders and expansion of product categories are driving revenue growth. The company has established strong ties with high-quality clients such as Geely, Chery, Li Auto, and BYD [2] - The dashboard assembly, the company's largest business segment, generated revenue of 4.08 billion yuan, up 35.5% year-on-year. Other segments, including exterior accessories, also saw significant revenue increases [2] Profitability Metrics - The gross profit margin for H1 2024 was 20.0%, remaining stable compared to the previous year. The Q2 2024 gross profit margin was 19.9%, showing a slight decrease [2] - The report forecasts revenue for 2024-2026 to be 13.77 billion yuan, 17.53 billion yuan, and 21.73 billion yuan, respectively, with corresponding EPS of 2.28 yuan, 3.05 yuan, and 3.75 yuan [4][5] Financial Projections - The company is expected to maintain a strong growth trajectory, with a projected revenue growth rate of 30.2% in 2024, 27.3% in 2025, and 24.0% in 2026 [4] - The net profit is projected to grow by 38.2% in 2024, 33.5% in 2025, and 23.0% in 2026 [4] Market Performance - The current stock price is 44.6 yuan, with a total market capitalization of 21.7 billion yuan. The stock has traded within a range of 33.28 to 52.7 yuan over the past 52 weeks [2]

Investment Rating - The report maintains a "Buy" rating for the company [2][3]. Core Insights - The company's performance meets expectations, with a focus on accelerating global expansion [2]. - In H1 2024, the company achieved total revenue of 6.16 billion, a year-on-year increase of 33.1% [2]. - The company is deepening its partnerships with high-quality clients such as Geely, Chery, Li Auto, and BYD, driving stable revenue growth [2]. - The company is expanding its product categories, with significant revenue growth in dashboard assemblies and exterior accessories [2]. - The company is actively enhancing its domestic and international industrial layout, including the construction of a research center in Shanghai and expanding production bases in Mexico, the United States, and Slovakia [2]. Financial Summary - The company forecasts revenues of 10.57 billion, 13.77 billion, 17.53 billion, and 21.73 billion for 2023A, 2024E, 2025E, and 2026E respectively, with growth rates of 52.2%, 30.2%, 27.3%, and 24.0% [4]. - The net profit attributable to shareholders is projected to be 806 million, 1.11 billion, 1.49 billion, and 1.83 billion for the same years, with growth rates of 71.2%, 38.2%, 33.5%, and 23.0% [4]. - The diluted earnings per share (EPS) are expected to be 1.65, 2.28, 3.05, and 3.75 for 2023A, 2024E, 2025E, and 2026E respectively [4]. - The company's return on equity (ROE) is projected to increase from 16.1% in 2023A to 21.6% in 2026E [4].

2024 年 09 月 27 日下午 14:00-15:00，公司董事长兼总经理唐志华先生、独 立董事冯巧根先生、副总经理兼董事会秘书高海龙先生、财务总监李新芳女士出 席了本次业绩说明会。与投资者进行互动交流和沟通，就投资者关注的问题进行 了回复。 二、投资者提出的主要问题及公司回复情况 本次业绩说明会中投资者提出的主要问题及回复整理如下： | 证券代码：603179 | 证券简称：新泉股份 | 公告编号：2024-067 | | --- | --- | --- | | 债券代码：113675 | 债券简称：新 23 转债 | | 江苏新泉汽车饰件股份有限公司 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法律责任。 江苏新泉汽车饰件股份有限公司（以下简称"公司"）于 2024 年 09 月 27 日 下 午 14:00-15:00 在 上 海 证 券 交 易 所 上 证 路 演 中 心 （https://roadshow.sseinfo.com/）通过网络文字互动方式召开 2024 年 ...

| 证券代码：603179 | 证券简称：新泉股份 | 公告编号：2024-066 | | --- | --- | --- | | 债券代码：113675 | 债券简称：新 23 转债 | | 江苏新泉汽车饰件股份有限公司 关于实际控制人之一部分股份质押的公告 公司于 2024 年 9 月 26 日接到实际控制人之一唐志华先生将其持有的公司部 分股份质押的通知，具体情况如下： | 股东 | 是否为控 | 本次质押股 | 是否为 | 是否补 | 质押起始日 | 质押到期 | 质权人 | 占其所持 | 占公司总 | 质押融资资金 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 名称 | 股股东 | 数 | 限售股 | 充质押 | | 日 | | 股份比例 | 股本比例 | 用途 | | 唐志 | | | | | | 至办理解 除质押登 | 云南国际信托 | | | | | | 否 | 18,000,000 | 否 | 否 | 2024.9.25 | | | 33.33% | 3.69% | 个人资金需要 | | 华 | ...

Investment Rating - The investment rating for the company is "Buy" (maintained) [2] Core Views - The company reported a revenue of 6.164 billion yuan for the first half of 2024, representing a year-on-year growth of 33.07%, while the net profit attributable to the parent company was 411 million yuan, up 9.46% year-on-year [2] - The target price is set at 54.25 yuan, with a target period of 6 months [2] - The company is actively expanding its capacity and international presence, with several new projects planned for the coming years [2][3] Market Data - Total share capital is 487.30 million shares, with a 100% circulation ratio for A shares [2] - The highest and lowest stock prices in the past 12 months were 54.39 yuan and 32.54 yuan, respectively [2] Revenue and Profit Forecast - Projected revenues for 2024, 2025, and 2026 are 13.695 billion yuan, 17.266 billion yuan, and 20.962 billion yuan, with year-on-year growth rates of 29.54%, 26.07%, and 21.41% respectively [3][4] - Expected net profits for the same years are 1.057 billion yuan, 1.371 billion yuan, and 1.655 billion yuan, with growth rates of 31.19%, 29.71%, and 20.70% respectively [3][4] Product Performance - The revenue from traditional instrument panel assemblies increased to 4.080 billion yuan, a year-on-year growth of 35.48%, accounting for 66.19% of total revenue [2] - The company has seen significant growth in the bumper assembly and exterior accessories segments, with revenues of 142 million yuan and 96 million yuan, representing year-on-year increases of 387.15% and 147.83% respectively [2] Strategic Initiatives - The company is expanding its presence in the new energy vehicle market, partnering with brands like Li Auto, Geely, GAC New Energy, BYD, and NIO [2] - Planned capacity expansions include new manufacturing bases in Anqing, Shanghai, and Changzhou, as well as an expansion in Mexico [2][3]

新泉股份（ [Table_StockNameRptType] 603179） 公司覆盖 | --- | --- | |----------------------------------------|-------------| | [Table_Rank] 投资评级：买入 首次覆盖 | | | 报告日期： 2024-09-22 | | | [Table_BaseData] 收盘价（元） | 39.24 | | 近 12 个月最高 / 最低（元） | 54.69/32.54 | | 总股本（百万股） | 487 | | 流通股本（百万股） | 487 | | 流通股比例（ % ） | 100.00 | | 总市值（亿元） | 191 | | 流通市值（亿元） | 191 | [公司价格与沪深 Table_Chart] 300 走势比较 -41% -26% -12% 3% 18% 9/23 12/23 3/24 6/24 新泉股份 沪深300 [Table_Author] 分析师：陈佳敏 执业证书号：S0010524040001 电话：13913026286 邮箱：chenjiamin@hazq.com 自主饰 ...

Investment Rating - The investment rating for the company is "Buy" and is maintained [5][6]. Core Insights - The company's Q2 performance met expectations, with significant improvement in operational profitability. The total revenue for the first half of 2024 reached 6.164 billion yuan, a year-on-year increase of 33.07%, while the net profit attributable to the parent company was 411 million yuan, up 9.46% year-on-year [2][6]. - The company is expected to achieve net profits of 1.050 billion, 1.566 billion, and 2.001 billion yuan for the years 2024 to 2026, corresponding to PE ratios of 17.3X, 11.6X, and 9.1X respectively [2][7]. Summary by Sections Financial Performance - In Q2 2024, the company achieved revenue of 3.117 billion yuan, with year-on-year growth of 26.74% and a quarter-on-quarter increase of 2.3%. The net profit for Q2 was 206 million yuan, showing a year-on-year decrease of 7.66% but a quarter-on-quarter increase of 1.13% [6][7]. - The revenue growth was primarily driven by increased sales from core downstream customers, including Chery, Geely, and Li Auto, with Chery's sales up 62.9% year-on-year [6][7]. Product and Market Expansion - The company is diversifying its projects, with clear growth in its overseas operations, particularly in Mexico, where production capacity is being accelerated. The company also deepened its presence in the U.S. and Europe [7]. - In H1 2024, the revenue from the overseas Mexico plant was 330 million yuan, while the U.S. operations contributed 5 million yuan [7]. Profitability Metrics - The gross margin for Q2 2024 was 19.86%, with a net margin of 6.58%. The company faced pressure on net margins due to increased period expense ratios, primarily from rising financial costs [6][7]. - The financial expense ratio for Q2 was 1.64%, reflecting an increase due to foreign exchange losses and interest from convertible bonds issued in 2023 [6][7].