证券时报e公司讯，企查查APP显示，近日，广州皇马化工贸易有限公司成立，法定代表人为陈铁钧， 注册资本100万元，经营范围包含：炼油、化工生产专用设备销售；新型催化材料及助剂销售；表面功 能材料销售等。 企查查股权穿透显示，该公司由皇马科技全资持股。 ...

证券研究报告 | 公司动态点评 2024 年 10 月 30 日 皇马科技（603181.SH） 产销双增推动业绩环比向好，看好公司"小品种"战略进一步深化 | --- | --- | --- | --- | --- | --- | --- | --- | |----------------------------------------------------------------------------------------------------------------|------------------------------------|---------------------------------------------------|------------------------|---------------------------------------------|-----------------------------|--------------------------------------------------------------------------|---- ...

Investment Rating - The report maintains an "Outperform" rating for Zhejiang Huangma Technology with a target price of RMB 13.65, based on a 2024 PE of 21 times [1][4][11]. Core Insights - In Q3 2024, the company achieved a recurring net profit of RMB 97 million, representing a year-over-year increase of 17.84%. For the first three quarters of 2024, operating income reached RMB 1.722 billion, up 22.50% year-over-year, with a net profit attributable to shareholders of RMB 286 million, an increase of 21.68% year-over-year [2][7][11]. - The company is focusing on expanding its strategic emerging sectors, particularly in high-end functional electronic chemicals and functional new materials resins, which are expected to drive future growth [3][8][10]. Financial Performance - The company reported a revenue of RMB 1,894 million for 2023, with projections of RMB 2,325 million for 2024, RMB 2,822 million for 2025, and RMB 3,325 million for 2026, indicating a growth rate of 23% in 2024 [4][6][11]. - The net profit forecast for 2024-2026 is RMB 381 million, RMB 474 million, and RMB 593 million respectively, reflecting a positive growth trajectory [4][11]. Product and Market Strategy - The company has an annual production capacity of nearly 300,000 tons of special surfactants, with a focus on optimizing product structure and increasing efficiency in small varieties [3][8]. - The average selling price of the main products was RMB 13,102.26 per ton, showing a slight decline of 1.35% year-over-year [3][8]. Raw Material Management - The average purchasing price for key raw materials was RMB 5,860.08 per ton for ethylene oxide, up 4.55% year-over-year, and RMB 8,091.29 per ton for propylene oxide, down 6.12% year-over-year. The company has established stable relationships with major suppliers to ensure a consistent supply of raw materials [4][9]. Strategic Divestment - The company plans to sell its 24.6154% equity interest in Zhongke Ya'an for RMB 4.8 million to focus more on the specialty surfactants industry and enhance operational efficiency [4][10].

Investment Rating - The report maintains a "Buy" rating for the company [1][8][12] Core Views - The company focuses on optimizing its product structure in the small variety sector, achieving quarter-on-quarter growth in production and sales in Q3 2024 [4][8] - The company has sold its stake in a joint venture, Zhongke Ya'an, to concentrate on the specialty surfactant industry, enhancing operational efficiency [5][6] - The third factory project is actively progressing, indicating strong growth potential and confidence in the company's long-term development [7][8] Financial Performance Summary - For the first three quarters of 2024, the company reported revenue of 1.722 billion yuan, a year-on-year increase of 22.50%, and a net profit attributable to shareholders of 286 million yuan, up 21.68% year-on-year [3][4] - In Q3 2024, the company achieved revenue of 613 million yuan, a year-on-year increase of 20.49% and a quarter-on-quarter increase of 6.23% [3][4] - The gross profit margin for Q3 2024 was 24.77%, a decrease of 1.03 percentage points year-on-year [3][4] Production and Sales Data - In Q3 2024, the company produced 46,600 tons of specialty functional and polymer material surfactants, a quarter-on-quarter increase of 6.64%, with sales of 47,100 tons, up 7.67% quarter-on-quarter [11][4] - The average selling price for these products in Q3 2024 was 12,985 yuan per ton, reflecting a quarter-on-quarter decrease of 1.54% [11][4] Future Earnings Forecast - The company is projected to achieve revenues of 2.348 billion yuan, 2.762 billion yuan, and 3.312 billion yuan for the years 2024, 2025, and 2026, respectively, with corresponding net profits of 402 million yuan, 472 million yuan, and 567 million yuan [8][12]

证券代码：603181 证券简称：皇马科技 公告编号：2024-035 浙江皇马科技股份有限公司 第七届董事会第十四次会议决议公告 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法律责任。 一、董事会会议召开情况 浙江皇马科技股份有限公司（以下简称"公司"）第七届董事会第十四次会 议通知已于 2024 年 10 月 18 日以通讯等方式发出，会议于 2024 年 10 月 24 日下 午在子公司会议室以现场结合通讯表决方式召开。本次会议由公司董事长王伟松 先生主持，应参会董事 9 人，实际参会董事 9 人，公司监事、高级管理人员列席 了本次会议。 本次会议的召集、召开、表决程序符合《中华人民共和国公司法》、《公司 章程》等有关规定，会议形成的决议合法有效。 表决结果：9 名同意，占出席会议的董事人数的 100%；0 名反对；0 名弃权。 （二）审议通过《关于与关联人共同出售参股公司股权的议案》 本议案已经公司第七届董事会独立董事专门会议第二次会议审议通过，并同 意将此项议案提交公司董事会审议。 独立董事发表意见如下：独立董事认为本次关联 ...

浙江皇马科技股份有限公司 2024 年第三季度报告 证券代码：603181 证券简称：皇马科技 浙江皇马科技股份有限公司 2024 年第三季度报告 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： 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整，不存 在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 公司负责人、主管会计工作负责人及会计机构负责人（会计主管人员）保证季度报告中财务信息 的真实、准确、完整。 第三季度财务报表是否经审计 □是 √否 一、 主要财务数据 （一） 主要会计数据和财务指标 | --- | --- | --- | --- | --- | --- | |------------------------------------------------|-------|----------------------|---------------------------------------|------------------|----------- ...

证券代码：603181 证券简称：皇马科技 公告编号：2024-036 浙江皇马科技股份有限公司 2024年前三季度主要经营数据公告 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。 浙江皇马科技股份有限公司（以下简称"公司"）根据上海证券交易所《上 市公司自律监管指引第3号行业信息披露第十三号——化工》要求，现将2024年 前三季度主要经营数据披露如下： 注：因停产大品种减水剂板块产品，2024 年度起公司不再以大小品种板块 产品为区分。重点披露主营产品（特种功能性及高分子材料表面活性剂）中的战 略性新兴板块大类经营数据，其中该大类目前包括高端功能性电子化学品板块和 功能性新材料树脂板块。公司将功能性电子化学品、UV 光固化、湿电子化学品 用表面活性剂等相关产品归类为高端功能性电子化学品板块，将新能源胶树脂、 MS 树脂、聚醚胺等相关产品归类为功能性新材料树脂板块。 二、主要产品和原材料的价格变动情况 （一）主要产品价格波动情况 | 主要产品 | 2024年前三季度平均 | 2023年前三季度平均 | 变动比例 | | --- ...

证券代码：603181 证券简称：皇马科技 公告编号：2024-037 出售标的名称：浙江皇马科技股份有限公司（以下简称"皇马科技"、"公 司"）的参股公司浙江中科亚安新材料有限公司（以下简称"中科亚安"） 股权 关联交易事项：公司与关联人王伟松先生共同出售各自持有的中科亚安 公司股权给同一第三方自贡中天胜新材料科技有限公司（以下简称"中 天胜"）。本次交易构成上市公司放弃优先购买权的关联交易，未构成重 大资产重组。 特别风险提示：本次交易完成后，中科亚安不再是皇马科技的联营公司， 皇马科技和关联人王伟松先生各自持有的中科亚安股权比例将变更为 0， 敬请广大投资者注意投资风险。 | 转让方 | 转让前持有的 | 拟转让股 权数量 | 拟转让股 权原成本 | 本次股权转 让价格的计 | 股权转让 价格 | 受让方 | | --- | --- | --- | --- | --- | --- | --- | | | 中科亚安股份 | | （万元） | | | | | | | （万股） | 【注1】 | 算规则 | （万元） | | | 浙江皇马 科技股份 | 24.6154% （对应400.00万股） | 400. ...

近日，公司收到天健会计师事务所（特殊普通合伙） 出具的《关于变更签 字注册会计师的函》，现将具体情况公告如下： 一、签字会计师变更情况 天健会计师事务所（特殊普通合伙）作为公司聘任的2024年度财务报表和内 部控制审计机构，原指派吴慧女士、戚铁桥先生作为签字注册会计师为公司提供 审计服务。鉴于原签字注册会计师戚铁桥先生工作调整，现委派方俊鸣先生接替 戚铁桥先生作为签字注册会计师继续完成公司2024年度财务报表审计和内部控 制审计相关工作。变更后的签字注册会计师为：吴慧、方俊鸣。 证券代码：603181 证券简称：皇马科技 公告编号： 2024-034 浙江皇马科技股份有限公司 关于变更签字注册会计师的公告 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。 浙江皇马科技股份有限公司（以下简称"公司"）于2024年4月16日召开第 七届董事会第十次会议审议通过了《关于续聘公司2024年度审计机构的议案》， 并经2023年年度股东审议通过，同意续聘天健会计师事务所（特殊普通合伙）担 任公司2024年度审计机构和内部控制审计机构。具体内 ...

Financial Performance Forecast - The company expects net profit attributable to shareholders to be between 281.63 million yuan and 293.36 million yuan for the first three quarters of 2024, a year-on-year increase of 20% to 25%[2] - Net profit attributable to shareholders after deducting non-recurring gains and losses is expected to be between 276.91 million yuan and 287.24 million yuan, a year-on-year increase of 34% to 39%[2] - The company's net profit attributable to shareholders in the same period last year was 234.69 million yuan, and net profit after deducting non-recurring gains and losses was 206.65 million yuan[4] - The company's earnings per share in the same period last year was 0.41 yuan[5] Sales Volume and Growth - Total sales volume for the first three quarters of 2024 is expected to increase by 24,300 to 26,500 tons compared to the same period last year, a year-on-year increase of 23% to 25%[3] - The company's sales volume in the same period last year was 105,779.51 tons[4] Reasons for Performance Improvement - The main reason for the performance increase is the optimization of the product structure and the focus on the small variety sector, which has driven overall performance growth[6] Forecast Accuracy and Disclosure - The company has no significant uncertainties affecting the accuracy of this performance forecast[7] - The forecast data is preliminary and the specific financial data will be disclosed in the company's official third-quarter report for 2024[8]