湖北江瀚新材料股份有限公司 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法律责任。 证券代码：603281 证券简称：江瀚新材 公告编号：2024-061 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》及 其附件《第十三号——化工》规定，湖北江瀚新材料股份有限公司（以下简称"公 司"）将 2024 年前三季度主要经营数据公告如下： 注：功能性硅烷中间体主要用于合成制备功能性硅烷产品，仅少量对外销售。 注：上述销售均价指不含税销售价格。 三、主要原材料的采购价格变化幅度 1.无水乙醇 2024 年第一季度无水乙醇采购均价环比下降 6.36%，第二季度环比下降 1 序号 产品名称 产量（吨） 销量（吨） 营业收入（万 元） 1 功能性硅烷 88,760.89 89,294.90 165,323.64 2 功能性硅烷中间 体 141,715.44 2,608.43 3,805.45 一、主要产品的产量、销量及收入实现情况 二、主要产品的销售价格及其变化幅度 序号 产品名称 本期销售 ...

2024 年 9 月 30 日，湖北江瀚新材料股份有限公司（以下简称"公司"）持 有的一笔募集资金现金管理产品到期。截至本公告披露之日，本金 3,000 万元及 收益已按期归还至募集资金专户。现将相关情况公告如下： 一、募集资金现金管理概述 公司于 2024 年 1 月 23 日召开第一届董事会第十八次会议、第一届监事会第 十一次会议审议通过了《关于使用部分暂时闲置募集资金进行现金管理的议案》， 同意公司在确保不影响募集资金投资项目建设和使用的情况下，使用总额不超过 人民币 10 亿元（含本数，下同）的暂时闲置募集资金适时进行现金管理，自董 事会审议通过之日起 12 个月内有效。在该额度和期限内，资金可循环滚动使用。 保荐机构发表了同意意见。详见公司于 2024 年 1 月 25 日在上海证券交易所网站 （www.sse.com.cn）披露的《关于使用部分暂时闲置募集资金进行现金管理的公 告》。 二、募集资金现金管理进展情况 截至本公告披露之日，公司根据前述董事会决议使用募集资金购买现金管理 产品 25 笔、金额合计 11.8 亿元，其中：到期收回 13 笔，金额合计 4.6 亿元； 尚未到期 12 笔，金额 ...

湖北江瀚新材料股份有限公司 关于召开 2024 年半年度暨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： 会议召开时间：2024 年 11 月 01 日(星期五) 15:00-16:00 会议召开地点：上海证券交易所上证路演中心（网址： https://roadshow.sseinfo.com/） 证券代码：603281 证券简称：江瀚新材 公告编号：2024-059 三、 参加人员 会议召开方式：上证路演中心网络互动 投资者可于 2024 年 10 月 25 日(星期五) 至 10 月 31 日(星期 四)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 irm@jhsi.biz 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。 湖北江瀚新材料股份有限公司（以下简称"公司"）已于 2024 年 8 月 20 日发布公司 2024 年半年度报告，并将于 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 ...

Group 1: Company Performance - The company's sales volume increased by over 20% compared to the same period last year, with significant growth in overseas markets [2] - Despite the increase in sales volume, revenue remained flat or slightly declined due to continuous decreases in raw material and product prices [3] - The overall gross margin and net margin remained high, indicating a healthy development state for the company [3] Group 2: Market Insights - The domestic functional silane market prices have reached a bottom, with limited room for further price reductions [3] - The demand for silane products is steadily growing, and the industry is expected to maintain a growth rate of around 10% even in an economic downturn [5] - The company is not competing on price but focuses on high-value orders due to limited production capacity [5] Group 3: Future Projections - The company plans to complete a 90,000-ton functional silane and intermediate project by the end of this year, which will increase total functional silane capacity to 152,000 tons [7] - The new production capacity is expected to achieve a new supply-demand balance, contributing to future sales growth [7] - The company is also developing high-purity quartz sand, facing challenges in production equipment but making progress in related silane research [7] Group 4: Financial Strategies - The company has a higher dividend payout ratio compared to peers, with a projected dividend yield of 4%, exceeding bank deposit rates [6] - Future buyback plans will be decided by the board, but the company is open to multiple dividend distributions as encouraged by regulatory bodies [6]

Investment Rating - The investment rating for Jianghan New Materials (603281) is "Outperform the Market" [1][6] Core Views - The company reported a revenue of 1.174 billion yuan in the first half of 2024, a slight decrease of 0.26% year-on-year, primarily due to low market prices for functional silanes, which saw an average selling price drop of 18.84% compared to the previous year [5] - The company's net profit attributable to shareholders for the first half of 2024 was 312 million yuan, down 16.68% year-on-year, while the non-recurring net profit was 294 million yuan, a decrease of 16.55% [5] - The gross margin for the first half of 2024 was 33.84%, down 4.08 percentage points year-on-year, and the net margin was 26.58%, down 5.24 percentage points year-on-year [5] - The company has seen significant growth in production and sales volumes, with functional silane production reaching 59,000 tons and sales at 60,000 tons, marking a year-on-year increase of 21.59% [5] - The company is expanding its production capacity, with a current annual capacity of 92,000 tons for functional silanes, expected to increase to 182,000 tons by the end of 2026 [5] Financial Summary - The projected net profits for Jianghan New Materials from 2024 to 2026 are estimated at 631 million yuan, 767 million yuan, and 923 million yuan, respectively, with corresponding EPS of 1.69 yuan, 2.05 yuan, and 2.47 yuan [6][10] - The company’s revenue is expected to grow from 2.447 billion yuan in 2024 to 3.553 billion yuan in 2026, with a projected annual growth rate of 19.3% [8][10] - The gross margin is forecasted to improve slightly from 34.3% in 2024 to 35.3% in 2026 [10] Market Performance - The stock price of Jianghan New Materials has fluctuated between 19.71 yuan and 30.95 yuan over the past 52 weeks, with a closing price of 23.56 yuan as of September 20, 2024 [1] - The company has underperformed compared to the market index, with a relative decline of 31.17% from September 2023 to December 2023 [2][3]

证券代码：603281 证券简称：江瀚新材 公告编号：2024-057 三、对公司的影响 本次解除专利权转让合同不会对公司当期和未来经营业绩、财务状况造成影 湖北江瀚新材料股份有限公司 关于解除专利权转让合同的公告 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。 2024 年 8 月 26 日，公司与中国科学院化学研究所签订《解除协议》，约定 解除双方签订的《专利权转让合同》，现将相关情况公告如下。 一、专利权转让合同签订与执行情况 2024 年 2 月 29 日，公司与中国科学院化学研究所签订《专利权转让合同》， 约定以人民币 6,000 万元购买《一种用于加成型硅橡胶的含硼增粘剂及其制备方 法》《一种加成型硅橡胶用硼酸酯增粘剂及其制备方法与应用》《一种聚硅氮烷 的制备装置与方法》《一种耐高温的有机硅材料的室温固化剂、制备方法和应用》 4 项发明专利的专利权。详见公司于 2024 年 3 月 2 日在上海证券交易所网站 （www.sse.com.cn）披露的《购买专利权公告》。 截至本公告披露之日，该交易尚未履行。 二、专利 ...

Investment Rating - The report maintains a "Buy" investment rating for Jianghan New Materials [3] Core Views - Jianghan New Materials reported a revenue of 1.174 billion yuan for the first half of 2024, a slight decrease of 0.3% year-on-year, with a net profit attributable to shareholders of 312 million yuan, down 16.7% year-on-year [1] - The company achieved record high production and sales volumes for functional silane products in Q2 2024, with production of 30,400 tons and sales of 30,600 tons, representing year-on-year increases of 21.1% and 21.8% respectively [1] - The company is investing 1 billion yuan in a comprehensive silane new materials project, which is expected to reach an annual production capacity of 182,000 tons by the end of 2026, aligning with both scale expansion and green development [2] Financial Performance - In Q2 2024, the company achieved a gross profit of 198 million yuan, with a gross margin of 33.7%, reflecting a year-on-year decrease of 9.3% [2] - The company’s domestic and overseas gross margins for the first half of 2024 were 28.6% and 38.1% respectively [2] - The report projects net profits for 2024, 2025, and 2026 to be 650 million, 750 million, and 830 million yuan respectively, adjusting previous estimates downwards [2] Market Position - Jianghan New Materials holds a significant market share in both domestic and international markets for functional silane products, with a complete green cycle industrial chain comprising over 100 varieties [2] - The report indicates that the current prices of mainstream functional silane products have dropped to low levels not seen since the second half of 2022, suggesting that the industry is at a bottom phase [1]

Investment Rating - The report maintains a "Buy" rating for Jianghan New Materials (603281) with a target price of 32.55 CNY over the next six months [1][2]. Core Insights - The company reported a revenue of 1.17 billion CNY for the first half of 2024, a slight decrease of 0.3% year-on-year, and a net profit attributable to shareholders of 310 million CNY, down 16.7% from the previous year [1]. - Despite a decline in revenue, the company experienced significant growth in production and sales volumes, particularly in functional silanes, which saw a year-on-year sales increase of 21.6% [1][2]. - The decline in revenue is attributed to weak downstream demand and a general decrease in industrial product prices, with functional silane prices reaching historical lows [1][2]. - The company is expanding its production capacity and enhancing its supply chain, aiming to increase the functional silane green circular industry chain scale to 182,000 tons per year by the end of 2026 [2][5]. Financial Summary - The projected earnings per share (EPS) for 2024, 2025, and 2026 are 1.67 CNY, 2.17 CNY, and 2.81 CNY, respectively, with corresponding dynamic price-to-earnings (PE) ratios of 14x, 11x, and 8x [2][7]. - Revenue forecasts for 2024, 2025, and 2026 are 2.487 billion CNY (+9.18%), 3.063 billion CNY (+23.19%), and 3.699 billion CNY (+20.75%) [7][10]. - The company’s net profit is expected to be 623 million CNY (-4.90%), 810 million CNY (+30.15%), and 1.049 billion CNY (+29.41%) for the same years [7][10]. Production and Capacity Expansion - As of the end of 2023, the company has established an annual production capacity of 15,000 tons for functional silane and 30,000 tons for functional silane intermediates [2]. - The company is also working on a project to produce 60,000 tons of trichlorosilane and 6,000 tons of silicon tetrachloride, which will help alleviate current supply constraints [2][5].

注：功能性硅烷中间体主要用于合成制备功能性硅烷产品，仅少量对外销售。 注：上述销售均价指不含税销售价格。 三、主要原材料的采购价格变化幅度 1.无水乙醇 1 序号 产品名称 产量（吨） 销量（吨） 营业收入（万 元） 1 功能性硅烷 59,259.24 60,164.45 114,391.72 2 功能性硅烷中间 体 95,076.02 1,552.05 2,251.79 一、主要产品的产量、销量及收入实现情况 证券代码：603281 证券简称：江瀚新材 公告编号：2024-056 湖北江瀚新材料股份有限公司 2024 年半年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。 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》及 其附件《第十三号——化工》规定，湖北江瀚新材料股份有限公司（以下简称"公 司"）将 2024 年半年度主要经营数据公告如下： 二、主要产品的销售价格及其变化幅度 序号 产品名称 本期销售均价 （元/吨） 上年同期销售均价 （元/吨） 同比变动比 例 1 功能性硅烷 1 ...

Financial Performance - The company reported a total revenue of RMB 500 million for the first half of 2024, representing a 15% increase compared to the same period in 2023[7]. - The net profit attributable to shareholders reached RMB 80 million, up 20% year-on-year[7]. - The company's operating revenue for the first half of 2024 was ¥1,174,300,425.61, a decrease of 0.26% compared to ¥1,177,362,709.71 in the same period last year[12]. - Net profit attributable to shareholders was ¥312,129,235.15, down 16.68% from ¥374,630,745.29 year-on-year[12]. - The total comprehensive income for the first half of 2024 was CNY 312,129,235.15, compared to CNY 374,630,745.29 in the same period of 2023, representing a decrease of approximately 16.67%[74]. - Basic earnings per share were ¥0.84, a decline of 18.45% compared to ¥1.03 in the same period last year[13]. - The company's total assets at the end of the reporting period were ¥5,024,374,909.67, down 2.68% from ¥5,162,688,602.81 at the end of the previous year[12]. - The net cash flow from operating activities decreased by 31.76% to ¥219,950,960.04 from ¥322,303,687.33 in the previous year[12]. Market Expansion and Strategy - The company plans to expand its market presence in Southeast Asia, targeting a 25% increase in market share by the end of 2025[7]. - Future guidance estimates a revenue growth of 18% for the full year 2024, projecting total revenue to reach RMB 1.1 billion[7]. - The company continues to focus on technological innovation and product quality to enhance its competitive edge in the industry[16]. - The company is actively pursuing new product development to diversify its application fields and reduce reliance on any single market segment[28]. Research and Development - Research and development expenses increased by 30%, totaling RMB 30 million, focusing on innovative materials[7]. - The company holds 65 authorized invention patents and has applied for 9 additional patents, enhancing its innovation capabilities[19]. - The company is committed to enhancing its research and development of functional silanes to strengthen its competitive edge in advanced technology and high-end products[27]. Operational Efficiency - The company has implemented new operational strategies aimed at improving production efficiency by 15%[7]. - The company has implemented a production model based on sales forecasts and customer orders, ensuring flexibility in meeting customer demands[19]. - The company has established a complete closed-loop cycle from raw materials to various terminal silane products, improving product quality and reducing transportation costs[19]. Environmental Responsibility - The company has implemented measures to enhance its environmental management system and comply with increasingly stringent environmental regulations, including a valid pollution discharge permit until September 17, 2028[34]. - The company reported a total discharge of 0.0105 tons of pollutants during the reporting period, which is within the permitted limits[34]. - The company is focusing on developing markets in developing countries to reduce reliance on single markets and enhance revenue stability[29]. - The company has developed an emergency response plan for environmental incidents, which has been filed with the local environmental authority[37]. Financial Management and Risks - The company has no plans for major acquisitions in the near term, prioritizing organic growth strategies[7]. - The company faces risks from raw material price fluctuations, particularly for petrochemical products like chloroprene and anhydrous ethanol, which could impact gross margins if costs cannot be passed on to customers[27]. - The company has implemented measures to manage customer credit limits and monitor financial institutions to mitigate the risk of uncollectible accounts[28]. - The company has outlined risk management strategies for fundraising investments to ensure compliance and project feasibility[28]. Shareholder Commitments and Governance - The actual controller and shareholders have committed to not transferring or entrusting their shares for 36 months post-IPO, ensuring stability in shareholding[42]. - The company has a long-term commitment to avoid engaging in competitive businesses, ensuring no conflicts of interest arise with its operations[42]. - The company will ensure that any stock reduction plans post-lockup period will comply with relevant regulations and will be executed cautiously[46]. - The company will provide timely and accurate disclosures regarding any share reductions in compliance with regulatory requirements[46]. Inventory and Receivables Management - The total inventory at the end of the period is CNY 159,093,105.74, with a provision for inventory depreciation of CNY 1,729,510.69[166]. - The total accounts receivable at the end of the period amounted to ¥373,888,675.62, with a bad debt provision of ¥18,694,433.78, representing a provision rate of 5.00%[151]. - The balance of export tax rebates is CNY 5,347,879.72, accounting for 88.41% of the total other receivables[161]. Compliance and Regulatory Matters - The company has committed to fulfilling all public commitments made during the IPO process and will accept supervision from regulatory authorities and investors[51]. - The company has no significant changes in its equity investments or major asset disposals during the reporting period[26]. - There are no significant lawsuits or arbitration matters during the reporting period[53].