浙江三美化工股份有限公司 2024 年 8 月 27 日投资者关系活动记录表 | --- | --- | |---------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------| | 投资者关系 | þ 特定对象调研 ¨ 分析师会议 ¨媒体采访 ...

Investment Rating - The investment rating for the company is "Buy" and is maintained [4]. Core Views - The company reported significant growth in its performance, with a revenue of 2.04 billion yuan for the first half of 2024, representing a year-on-year increase of 17.5%. The net profit attributable to shareholders reached 380 million yuan, a substantial increase of 195.8% year-on-year [4][5]. - The refrigerant segment is experiencing improved market conditions, with a notable increase in both volume and price during the peak season of Q2 2024. The refrigerant revenue for the first half of 2024 was 1.65 billion yuan, up 23.2% year-on-year [4][5]. - The company is investing in a fluorochemical integration project, which is expected to enhance its upstream material and fluorochemical product capabilities [5]. Summary by Sections Financial Performance - In Q2 2024, the company achieved a revenue of 1.08 billion yuan, with a year-on-year increase of 12.8% and a quarter-on-quarter increase of 12.8%. The net profit for the same quarter was 230 million yuan, reflecting a year-on-year increase of 109.1% and a quarter-on-quarter increase of 48.7% [4][5]. - The company’s refrigerant sales volume for the first half of 2024 was 66,000 tons, with a total quota of 128,000 tons for the year [4]. Market Conditions - The air conditioning market showed strong performance in the first half of 2024, with a 12.5% year-on-year increase in production [4]. - The average domestic prices for refrigerants such as R22, R32, R134a, and R125 saw significant increases in Q2 2024 compared to Q1 [5]. Future Outlook - The company expects a long-term upward trend in the market for third-generation refrigerants, supported by its high market share in mainstream products. Projected net profits for 2024-2026 are estimated at 960 million, 1.44 billion, and 2.29 billion yuan, respectively [5].

三美股份（603379.SH） 2024 年 08 月 28 日 2024H1 利润同比增长 195.83%，向上趋势或将延续 ——公司信息更新报告 | --- | --- | --- | --- | --- | |------------------------|-------------|--------------------------|--------------------------------------------------|-----------------------------| | 投资评级：买入（维持） | | 金益腾（分析师） | 毕挥（分析师） | 李思佳（联系人） | | | | jinyiteng@kysec.cn | bihui@kysec.cn | lisijia@kysec.cn | | 日期 | 2024/8/27 | 证书编号：S0790520020002 | 证书编号：S0790523080001 | 证书编号：S0790123070026 | | 当前股价(元) | 27.14 | 2024H1 利润同比 | +195.83%，向上趋势依旧，维持"买入"评级 ...

证券研究报告 | 2024年08月27日 三美股份（603379.SH） 优于大市 制冷剂盈利能力提升，产品布局不断完善 制冷剂产品同比量价齐升，2024 年上半年归母净利润同比增长 195.83%。 2024 年 8 月 26 日晚，三美股份发布 2024 年半年度报告，报告显示，2024 年上半年公司实现营业收入 20.40 亿元，同比增长 17.51%，实现归母净利润 3.84 亿元，同比增长 195.83%，实现扣非后归母净利润 3.74 亿元，同比增 长 197.83%。2024 年上半年，受益于制冷剂产品盈利能力提升，公司销售毛 利率、销售净利率同步提升至 26.91%、18.81%。 制冷剂方面，公司不断优化产品销售策略，制冷剂产销量总体呈现出增长态 势：2024 上半年，公司实现制冷剂产量/销量分别 7.81/6.61 万吨，分别同 比+12.52%/+5.83%。价格方面，据我们编制的市场价格指数，截至 6 月 30 日，国信化工制冷剂市场价格指数的季度涨幅（相较于 1 月 1 日）达到 47.8% （国内市场价），其中 R22、R32 受家用空调需求提振、供给端配额收紧影 响，2024 年 ...

公 司 报 告 三美股份(603379.SH) 有色与新材料 2024 年 8 月 26 日 制冷剂基本面转好，公司业绩增长兑现 推荐（维持） 现价：28.72 元 主要数据 行业 基础化工 公司网址 www.sanmeichem.com 大股东/持股 胡荣达 / 37.83% 实际控制人 胡荣达,胡淇翔 总股本(百万股) 610 流通 A 股(百万股) 610 流通 B/H 股(百万股) -- 总市值（亿元） 175 流通 A 股市值(亿元) 175 每股净资产(元) 10.10 资产负债率(%) 9.91 行情走势图 三美股份 沪深300 -20% -10% 0% 10% 20% 30% 40% 24-01 24-03 24-05 24-07 相关研究报告 《三美股份(603379.SH)首次覆盖：纯粹的 制 冷 剂龙 头，落定三代高配额》2024-03-05 《三美股份(603379.SH)2023年报和2024年 一季 报点 评：2023年业绩承压，2024Q1量价齐升》2024-04- 30 证券分析师 陈潇榕 投资咨询资格编号 S1060523110001 chenxiaorong186@ping ...

浙江三美化工股份有限公司 关于增加 2024 年度银行综合授信额度的公告 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。 浙江三美化工股份有限公司（以下简称"公司"）于 2024 年 8 月 24 日召开 第六届董事会第十二次会议和第六届监事会第十一次会议，分别审议通过《关于 增加 2024 年度银行综合授信额度的议案》，同意公司及子公司在已审批的综合授 信额度不超过 18 亿元人民币的基础上，增加申请综合授信额度 17 亿元人民币。 本次增加额度后，公司及子公司向银行申请的综合授信额度不超过 35 亿元人民 币。具体情况如下： 证券代码：603379 证券简称：三美股份 公告编号：2024-054 为满足公司及子公司的日常生产经营、项目投资建设的资金需求，公司拟在 已审批的 2024 年度综合授信额度 18 亿元人民币的基础上，增加申请综合授信额 度 17 亿元人民币。本次增加额度后，公司及子公司向银行申请的综合授信额度 不超过 35 亿元人民币。 授信业务包括但不限于人民币/外币贷款、承兑汇票、票据贴现、信用证、 押汇、保 ...

证券代码：603379 证券简称：三美股份 公告编号：2024-051 浙江三美化工股份有限公司 2024 年半年度募集资金存放与实际使用情况专项报告 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。 根据中国证券监督管理委员会《上市公司监管指引第 2 号——上市公司募集 资金管理和使用的监管要求（2022 年修订）》（证监会公告〔2022〕15 号）、 《上海证券交易所上市公司自律监管指引第 1 号——规范运作》以及《上海证券 交易所上市公司自律监管指南第 1 号——公告格式》的相关规定，浙江三美化工 股份有限公司（以下简称"公司"）就 2024 年半年度募集资金存放与使用情况 作如下专项报告： 一、募集资金基本情况 （一）实际募集资金金额和资金到位时间 经中国证监会《关于核准浙江三美化工股份有限公司首次公开发行股票的批 复》（证监许可[2019]327 号）核准，公司于 2019 年 3 月首次公开发行人民币普 通股（A 股）股票 59,733,761 股，发行价格每股人民币 32.43 元，募集资金总额 人民币 1,937 ...

证券代码：603379 证券简称：三美股份 公告编号：2024-048 浙江三美化工股份有限公司 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。 浙江三美化工股份有限公司（以下简称"公司"）根据上海证券交易所《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）有关规定，将公司 2024 年半年度主要经营数据披露如下： 一、2024 年半年度主要产品的产量、销量及收入实现情况 | 主要产品 | 产量(吨) | 外销量(吨) | 营业收入 （万元人民币） | | --- | --- | --- | --- | | 氟制冷剂 | 87,829.62 | 66,115.92 | 164,894.14 | | 氟发泡剂 | 7,530.17 | 5,120.06 | 8,477.37 | | 氟化氢 | 71,214.61 | 35,594.21 | 27,132.70 | | 合计 | 166,574.40 | 106,830.19 | 200,504.21 | ...

证券代码：603379 证券简称：三美股份 公告编号：2024-053 浙江三美化工股份有限公司 关于调整使用闲置自有资金购买理财产品授权的公告 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： 投资种类：公司及子公司拟使用闲置自有资金购买银行、证券公司、信托 公司、基金管理公司等金融机构发行的安全性较高、风险较低(中低风险、低风 险等)、流动性较好的现金管理类产品（如通知存款、结构性存款、大额存单等） 及/或理财产品。 投资金额：投资额度不超过人民币 20 亿元，公司在授权额度内可循环进 行投资（单日最高余额不超过 20 亿元人民币），滚动使用。 授权、投资期限：自第六届董事会第九次会议审议通过之日起 12 个月内。 已履行的审议程序：公司于 2024 年 8 月 24 日召开第六届董事会第十二次 会议和第六届监事会第十一次会议，分别审议通过《关于调整使用闲置自有资金 购买理财产品授权的议案》。 特别风险提示：公司拟购买的产品属于安全性较高、风险较低(中低风险、 低风险等)、流动性较好的现金管理类产品（如通知存 ...

Financial Performance - The company reported a significant increase in revenue for the first half of 2024, reaching ¥1.2 billion, representing a 15% year-over-year growth[6]. - The company's operating revenue for the first half of 2024 reached ¥2,040,344,657.17, representing a year-on-year increase of 17.51% compared to ¥1,736,263,061.86 in the same period last year[16]. - Net profit attributable to shareholders for the same period was ¥383,696,641.88, a significant increase of 195.83% from ¥129,701,672.65 in the previous year[16]. - The net profit after deducting non-recurring gains and losses was ¥374,098,611.51, up 197.83% from ¥125,607,650.09 year-on-year[16]. - Basic earnings per share for the first half of 2024 were ¥0.63, reflecting a 200.00% increase from ¥0.21 in the same period last year[17]. - The weighted average return on net assets increased to 6.32%, up 4.04 percentage points from 2.28% in the previous year[17]. - The gross profit margin improved to 35%, up from 30% in the previous year, reflecting better cost management and pricing strategies[6]. Market Expansion and Product Development - User data indicates a growing customer base, with an increase of 20% in active users compared to the same period last year[6]. - The company has provided a positive outlook for the second half of 2024, projecting a revenue growth of 10% to 15%[6]. - New product development includes the launch of a next-generation fluorine-based material, expected to contribute an additional ¥200 million in revenue by the end of 2024[6]. - The company is expanding its market presence in Southeast Asia, targeting a 25% increase in market share within the region over the next two years[6]. - A strategic acquisition of a local competitor is in progress, which is anticipated to enhance production capacity by 30%[6]. - The company continues to focus on expanding its market presence and enhancing product offerings in the chemical industry[18]. Research and Development - The company has invested ¥50 million in R&D for sustainable chemical solutions, aiming to align with environmental regulations and market demands[6]. - Research and development expenses increased by 94.63% to CNY 35,485,360.07, indicating a focus on innovation[41]. - The company is actively involved in the research and development of new fluorinated chemical products to meet market needs[23]. Production Capacity and Operations - The production capacity for HFC-134a is 65,000 tons, with a production quota of 51,506 tons for 2024[24]. - The production capacity for HFC-125 is 52,000 tons, with a production quota of 31,498 tons for 2024[24]. - The production capacity for HFC-32 is 40,000 tons, with a production quota of 27,779 tons for 2024[24]. - The production capacity for HFC-143a is 10,000 tons, with a production quota of 6,285 tons for 2024[24]. - The company has a production capacity of 14,400 tons for HCFC-22, with a production quota of 9,547 tons for 2024[24]. - The production capacity for HCFC-142b is 4,200 tons, with a production quota of 1,706 tons for 2024[24]. - The company has a total capacity of 221,000 tons for anhydrous hydrofluoric acid (AHF), which is essential for the production of fluorinated refrigerants and foam agents[29]. Financial Integrity and Compliance - The company has no significant non-operating fund occupation by controlling shareholders or related parties, ensuring financial integrity[3]. - There are no violations of decision-making procedures regarding external guarantees, maintaining compliance with regulatory standards[3]. - The company emphasizes strict adherence to regulations regarding the conduct of directors and senior management, avoiding wasteful or excessive spending[79]. Environmental and Safety Measures - The company has established a comprehensive safety management system and emergency response teams to mitigate safety and environmental risks associated with its operations[51]. - The company emphasizes strict compliance with safety and environmental regulations, ensuring adequate investment in safety and environmental costs[52]. - The company has implemented environmental measures, reporting nitrogen oxide emissions at 5.37 mg/m³, well below the standard of 50 mg/m³[64]. - The total sulfur dioxide emissions reported were 0.95 tons, with a concentration of 5.208 mg/m³, adhering to the standard of 35 mg/m³[64]. - The company has established 67 environmental pollution control facilities in Zhejiang, 25 in Jiangsu, and 29 in Fujian, all operating at 100% efficiency[67]. Shareholder and Capital Management - The company has a long-term commitment to adhere to stock lock-up agreements, with a reduction limit of 1% of total shares within three months after the lock-up period[77]. - The company has a commitment to transparency and accountability in its financial practices, including the management of executive compensation[79]. - The total number of ordinary shareholders as of the end of the reporting period was 17,303[100]. - The largest shareholder, Hu Rongda, holds 230,913,959 shares, accounting for 37.83% of the total shares[101]. Cash Flow and Financial Position - The net cash flow from operating activities decreased by 62.53% to ¥160,659,163.32, primarily due to a reduction in advance payments and an increase in accounts receivable[18]. - Total assets rose by 1.70% to ¥6,843,646,120.62 from the previous year-end[16]. - The cash and cash equivalents decreased to CNY 2.63 billion from CNY 3.19 billion, representing a decline of approximately 17.5%[105]. - Accounts receivable increased to CNY 414.16 million, up from CNY 278.72 million, reflecting a growth of approximately 48.5%[105]. Related Party Transactions - The company has actually purchased goods worth 127.79 million CNY from related parties in the first half of 2024[83]. - The company has provided a loan of 65 million CNY to a related company for project construction, with a repayment period until April 30, 2027[88]. - The outstanding loan balance to the related company is 27.856 million CNY as of the end of the reporting period[88]. Compliance and Governance - The company will adhere to legal regulations and company bylaws during the review of related transactions, ensuring compliance with avoidance procedures during board and shareholder meetings[79]. - The company has established a commitment to compensate investors for any losses incurred due to false statements or omissions in the prospectus[79]. - The company has not faced any administrative penalties due to environmental issues during the reporting period[71].