Core Viewpoint - The consumer electronics sector in the A-share market has shown significant growth in Q3 2024, driven by market recovery, new product launches, and increasing domestic substitution rates in the supply chain [1] Industry Summary - The electronic materials industry has benefited from various government policies aimed at boosting demand, including equipment upgrades and recycling initiatives [1] - The demand for upstream electronic materials has surged, particularly for printed circuit boards (PCBs), which are essential for electronic devices [1] - PCB manufacturers are expanding production capacity, indicating a positive outlook for the electronic industry [3] Company Summary - Honghe Technology (宏和科技) reported a revenue of 619 million yuan for the first three quarters of 2024, a year-on-year increase of 24.55%, and achieved a net profit of 7.73 million yuan, reversing a loss from the previous year [1][2] - The company has seen a significant increase in the production and sales of electronic-grade glass fiber cloth, with production reaching 14.51 million meters and sales at 15.02 million meters, representing growth rates of 47.43% and 16.16% respectively [2] - Honghe Technology is focusing on high-end markets and has established strong relationships with major PCB manufacturers, enhancing its competitive edge [4][6] - The company has implemented cost-reduction measures and has achieved a significant decrease in raw material costs, with the average price of electronic-grade glass fiber yarn dropping from 26 yuan/kg in 2022 to 17.88 yuan/kg in 2024 [7] - The company is well-positioned to benefit from the increasing demand for high-end electronic materials, particularly in the context of the growing smartphone and automotive electronics markets [5][8]

一、获取补助的基本情况 证券代码：603256 证券简称：宏和科技 公告编号：2024-066 宏和电子材料科技股份有限公司 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。 关于全资子公司黄石宏和获得政府补助的公告 宏和电子材料科技股份有限公司（以下简称"公司"）全资子公司黄石宏和 电子材料科技有限公司（以下简称"子公司"）收到黄石经济技术开发区铁山区 民营企业发展促进中心拨付的特色产业发展引导奖励资金人民币 2,000,000.00 元，子公司所在地政府黄石经济技术开发区铁山区政府为了鼓励子公司加快项目 的投资建设，按照开发区特色产业发展引导资金政策，给予子公司设备投资补助。 子公司于 2024 年 10 月 30 日已收到该笔政府补助。 2024 年 11 月 1 日 二、补助的类型及其对上市公司的影响 公司按照《企业会计准则第 16 号-政府补助》有关规定确认上述事项，上述 政府补助款人民币 2,000,000.00 元属于与资产相关的政府补助，将于收到时计 入递延收益，自相关资产可供使用时起，在该项资产使用寿命内 ...

Investment Rating - The report maintains a "Buy" rating for the company, with a target price indicating a potential upside of over 20% within the next six months [6]. Core Insights - The company reported a significant year-on-year increase in gross margin, driven by strong demand in downstream consumer electronics and AI server markets [1][2]. - In Q3, the company achieved a net profit attributable to shareholders of 0.07 million yuan, marking a turnaround from losses in the previous year [1]. - The overall gross margin for the first three quarters was 16.45%, an increase of 8.74 percentage points year-on-year, with Q3 gross margin reaching 18.99% [3]. Financial Performance Summary - For the first three quarters, the company generated revenue of 619 million yuan, a year-on-year increase of 24.55% [1]. - The company’s electronic fabric sales volume increased by 16.2% year-on-year, reaching 150 million meters, primarily due to capacity releases earlier in the year [2]. - The average selling price of electronic fabric rose by 1.9% year-on-year to 3.72 yuan/meter [2]. - The company’s operating cash flow improved significantly, with a net cash flow from operating activities of 89 million yuan, an increase of 165 million yuan year-on-year [3]. Future Outlook - The company is expected to benefit from the high demand in the consumer electronics sector, particularly with the anticipated release of new Android products in Q4 [2]. - Forecasts for net profit attributable to shareholders for 2024-2026 are projected at 0.25 million, 0.8 million, and 1.2 million yuan respectively [4]. - The company is positioned to gradually achieve domestic substitution in high-end electronic fabric manufacturing, leveraging its leading capabilities [4].

证券代码：603256 证券简称：宏和科技 公告编号：2024-062 宏和电子材料科技股份有限公司 第四届董事会第三次会议决议公告 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。 （一）审议通过了《关于公司 2024 年第三季度报告的议案》。 本议案已经公司董事会审计委员会审议通过，并同意提交公司董事会审议。 根据相关法律法规以及《上海证券交易所股票上市规则》等规定，结合公司 2024 年第三季度经营的实际情况，公司董事会编制了《宏和电子材料科技股份 有限公司 2024 年第三季度报告》，报告不存在任何虚假记载、误导性陈述或重 大遗漏。 一、董事会会议召开情况 （一）宏和电子材料科技股份有限公司（以下简称"公司"）第四届董事会 第三次会议的召开符合有关法律、行政法规、部门规章、规范性文件和公司章程 的规定。 （二）本次会议通知于 2024 年 10 月 18 日以电子邮件方式向全体董事发出。 （三）本次会议于 2024 年 10 月 28 日在公司以现场结合通讯方式召开。 （四）本次会议应出席的董事 9 人，实际出席并 ...

Financial Performance - The company's operating revenue for Q3 2024 was ¥211,104,704.97, representing a 1.20% increase compared to the same period last year[2]. - The net profit attributable to shareholders for Q3 2024 was ¥6,909,311.08, while the net profit for the year-to-date period was ¥7,726,837.85[2]. - The net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2024 was ¥2,612,410.27, with a year-to-date figure of -¥2,484,412.16[2]. - The basic earnings per share for Q3 2024 was ¥0.01, consistent with the previous year[4]. - Total operating revenue for the first three quarters of 2024 reached CNY 618,796,195.45, an increase of 24.5% compared to CNY 496,823,254.22 in the same period of 2023[15]. - Net profit for the third quarter of 2024 was CNY 7,726,837.85, a significant recovery from a net loss of CNY 43,542,676.63 in the same quarter of 2023[17]. - The total equity attributable to shareholders reached CNY 1,436,051,241.41, up from CNY 1,426,956,868.13 in the previous year, indicating a growth of 0.8%[14]. - The earnings per share for Q3 2024 was CNY 0.01, recovering from a loss of CNY 0.05 per share in Q3 2023[18]. Assets and Liabilities - The total assets at the end of Q3 2024 were ¥2,567,134,234.81, reflecting a 1.38% increase from the end of the previous year[4]. - The equity attributable to shareholders at the end of Q3 2024 was ¥1,436,051,241.41, showing a 0.64% increase from the end of the previous year[4]. - The company's total liabilities increased to CNY 1,131,082,993.40 in Q3 2024, compared to CNY 1,105,214,861.97 in Q3 2023, marking a growth of 2.5%[14]. - The total assets of the company as of September 30, 2024, are RMB 2,567,134,234.81, compared to RMB 2,532,171,730.10 at the end of 2023, reflecting a slight increase of approximately 1.4%[12]. - The company's fixed assets decreased to RMB 1,479,020,066.15 from RMB 1,555,594,288.06, representing a decline of about 4.9%[12]. Cash Flow - The cash flow from operating activities for the year-to-date period was ¥88,668,136.55[2]. - The cash inflow from operating activities reached ¥567,474,163.61, a significant increase of 35% compared to ¥420,873,627.86 in the same period of 2023[21]. - The net cash flow from operating activities was ¥88,668,136.55, recovering from a loss of ¥76,263,227.62 in the previous year[21]. - The cash inflow from investment activities was ¥17,303,000.68, down 89% from ¥162,322,458.83 in the first three quarters of 2023[21]. - The net cash flow from investment activities improved to ¥5,567,597.49, compared to a loss of ¥63,414,804.44 in the same period last year[21]. - Cash inflow from financing activities totaled ¥478,581,877.26, an increase of 18% from ¥405,477,359.17 in the previous year[22]. - The net cash flow from financing activities was ¥23,852,541.04, up from ¥5,419,715.97 in the same period of 2023[22]. - The company's cash and cash equivalents at the end of the period amounted to ¥292,796,086.41, compared to ¥164,800,578.28 at the end of the previous year[22]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 22,475, with the largest shareholder, Far East International Limited, holding 658,405,037 shares, representing 74.84% of the total[9]. - The company has no significant changes in the participation of major shareholders in margin financing and securities lending activities[10]. Operational Insights - The company expects an increase in sales revenue driven by the growth in production and sales volume of glass fiber products[7]. - There are no significant reminders for investors regarding the company's operational performance during the reporting period[11]. - The company has not disclosed any new product developments or market expansion strategies in the current report[10]. - Research and development expenses for the first three quarters of 2024 amounted to CNY 34,347,274.45, an increase of 31.2% from CNY 26,189,636.15 in 2023[15]. - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[18].

证券代码：603256 证券简称：宏和科技 公告编号：2024-063 宏和电子材料科技股份有限公司 第四届监事会第三次会议决议公告 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。 一、 监事会会议召开情况 （一）宏和电子材料科技股份有限公司（以下简称"公司"）第四届监事会 第三次会议的召开符合有关法律、行政法规、部门规章、规范性文件和公司章程 的规定。 （二）本次会议通知于2024年10月18日以电子邮件方式向全体监事发出。 （三）本次会议于2024年10月28日在公司以现场结合通讯方式召开。 （四）本次会议应出席的监事3人，实际出席的监事3人。 （五）本次会议由监事会主席徐斌娟女士主持。 二、监事会会议审议情况 表决结果：同意 3 票、反对 0 票、弃权 0 票。 监事会认为：公司 2024 年第三季度报告编制和审议程序符合法律、法规、 公司章程和内部管理制度的规定；报告全文所包含的信息能从各方面真实地反映 出公司 2024 年第三季度的经营管理和财务状况；公司监事保证公司 2024 年第三 季度报告内容的真实性、准 ...

证券代码：603256 证券简称：宏和科技 公告编号：2024-064 宏和电子材料科技股份有限公司 2024年第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个别及连带责任。 宏和电子材料科技股份有限公司（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》其《第十三号——化工》等 相关规定，现将2024年第三季度主要经营数据统计如下： 一、主要产品的产量、销量及收入实现情况 | 主要产品 | | 2024年1-9月 | 2024年1-9月 | 2024年1-9月 | | --- | --- | --- | --- | --- | | | 产量（万米） | | 销售量（万米） | 营业收入（人民币万元） | | 电子级玻璃纤维布 | | 14,506.35 | 15,015.96 | 55,849.98 | 二、主要产品的价格变动情况（不含税） | 主要产品 | 2023年1-9月 | 2024年1-9月 | 变动比率（%） | | --- | --- | --- | --- | ...

证券代码：603256 证券简称：宏和科技 公告编号：2024-065 宏和电子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个别及连带责任。 重要内容提示： 宏和电子材料科技股份有限公司（以下简称"公司"）已于 2024 年 10 月 30 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 18 日 下午 13:00-14:00 举行 2024 年第三季度业 绩说明会，就投资者普遍关注的问题进行交流。 三、 参加人员 董事长：毛嘉明 总经理：毛嘉明 独立董事：谢宜芳 一、 说明会类型 会议召开时间：2024 年 11 月 18 日(星期一)下午 13:00-14:00 会议召开地点：上海证券交易所上证路演中心（网址： http://roadshow.sseinfo.com/） 会议召开方式：上证路演中心网络互动 投资者可于 2024 年 11 月 11 日(星期 ...

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。 宏和电子材料科技股份有限公司（以下简称"公司"）全资子公司黄石宏和电子材 料科技有限公司于近日收到了国家知识产权局颁发的《发明专利证书》，具体如下： 证书号：第7421213号 发明名称：一种用于纱管台车清洗的自动化设备 证券代码：603256 证券简称：宏和科技 公告编号：2024-061 宏和电子材料科技股份有限公司 关于子公司获得发明专利的公告 本次发明专利的取得是公司在本领域重要核心技术的体现和延伸，本次专利的获 得不会对公司近期经营产生重大影响，但有利于进一步完善公司知识产权体系的布 局，从而提升公司的技术核心竞争力。 特此公告。 宏和电子材料科技股份有限公司 专利号：ZL 2021 1 1321653.6 专利申请日：2021年11月09日 专利权人：黄石宏和电子材料科技有限公司 授权公告号：CN113926763B 授权公告日：2024年10月01日 专利权期限：二十年（自申请日起算） 董事会 2024 年 10 月 15 日 ...

40thFloor Bund Center, 222 East Yan An Road, Shanghai 200002, P.R.China 中国上海市延安东路 222 号外滩中心 40 楼 200002 Tel/电话:(8621) 6249 6040 Fax/传真:(8621) 6248 2266 Website/网址: www.jinmao.com.cn 上海市金茂律师事务所 关于宏和电子材料科技股份有限公司 宏和电子材料科技股份有限公司（以下简称"公司"）2024 年第三次临时股 东大会（以下简称"本次股东大会"）于 2024 年 9 月 19 日下午在公司会议室召开。 上海市金茂律师事务所（以下简称"本所"）经公司聘请并接受公司委托，委派翟 正洪律师、赵可沁律师（以下简称"本所律师"）出席本次股东大会，并根据《中 华人民共和国公司法》（以下简称"《公司法》"）、《中华人民共和国证券法》 （以下简称"《证券法》"）、中国证券监督管理委员会《上市公司股东大会规则》 （以下简称"《股东大会规则》"）等相关法律、法规和规范性文件以及《宏和电 子材料科技股份有限公司章程》（以下简称"《公司章程》"），就本次股 ...