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广信股份:2023年年度股东大会法律意见书
2024-06-07 09:55
国浩律师(上海)事务所 关于安徽广信农化股份有限公司 国浩律师(上海)事务所 法律意见书 2023 年年度股东大会的 致:安徽广信农化股份有限公司 国浩律师(上海)事务所(以下简称"本所")接受安徽广信农化股份有限 公司(以下简称"公司")委托,指派律师出席并见证了公司于2024年6月7日在 广信股份总部大楼召开的公司2023年年度股东大会(以下简称"本次股东大会"), 并根据《中华人民共和国公司法》《中华人民共和国证券法》《上市公司股东大 会规则》等法律、法规、规范性文件及《安徽广信农化股份有限公司章程》(以 下简称"公司章程")的相关规定,出具本法律意见书。 一、本次股东大会的召集、召开程序 公司董事会于2024年4月25日召开第五届董事会第十九次会议,审议通过了 《关于召开公开2023年年度股东大会具体安排的议案》,并于2024年4月26日公告 发出了召开本次股东大会的会议通知。经核查,通知载明了会议的时间、地点、 内容、会议出席对象、网络投票的方法及时间,并说明了出席会议的股东登记方 法、联系方式等事项。 公司本次股东大会现场会议于2024年6月7日14:00在广信股份总部大楼召 开;公司通过上海证券 ...
24Q1业绩环比改善,持续强化产业链布局
申万宏源· 2024-05-08 07:02
基础化工 证券分析师 股票投资评级说明 2024 年 04 月 29 日 广信股份 (603599) 报告原因:有业绩公布需要点评 增持(维持)投资要点: 公司发布 2023 年报:报告期内,公司实现营收 58.68 亿元(YoY-35%),实现归母净利润 14.39 亿元(YoY-38%),扣非归母净利润 13.00 亿元(YoY-41%),销售毛利率 37.84%(YoY-3.15pct), 净利率 24.42%(YoY-1.82pct)。其中,23Q4 单季度实现营收 7.77 亿元(YoY-68%,QoQ-41%), 实现归母净利润 1.16 亿元(YoY-75%,QoQ-62%),扣非归母净利润 0.61 亿元(YoY-86%, QoQ-78%),业绩不及预期。23Q4 公司综合毛利率为 39.30%,同、环比分别变化+4.13pct、 +1.31pct,净利率为 12.16%,同、环比分别变化-7.91pct、-10.50pct。费用方面,23Q4 销售、管 理、财务、研发费用分别为 0.28、1.23、-1.30、0.54 亿元,环比分别变动+0.16、-0.10、+1.13、 -0.09 亿元 ...
Q1产销修复明显,农药景气或边际改善
Guolian Securities· 2024-04-30 17:00
Investment Rating - The report maintains a "Buy" rating for the company with a target price of 17.69 CNY, based on a 12x PE for 2024 [4][5]. Core Views - The company experienced a significant recovery in production and sales in Q1 2024, with major raw materials and intermediates showing a sequential increase in sales volume [3][4]. - The agricultural chemical sector is expected to see marginal improvements in market conditions, driven by a stabilization in product prices and an increase in export volumes [1][3][16]. Financial Performance Summary - In 2023, the company reported a revenue of 5.868 billion CNY, a decrease of 35% year-on-year, and a net profit of 1.439 billion CNY, down 38% year-on-year [15]. - For Q1 2024, the company achieved a revenue of 1.215 billion CNY, a year-on-year decrease of 37% but a sequential increase of 57%, with a net profit of 0.225 billion CNY, reflecting a year-on-year decrease of 57% but a sequential increase of 95% [15]. - The forecasted revenues for 2024, 2025, and 2026 are 7.177 billion CNY, 8.291 billion CNY, and 9.135 billion CNY, respectively, with corresponding growth rates of 22%, 15.53%, and 10.17% [4][9]. Industry Outlook - The agricultural chemical sector is showing signs of recovery, with a 51% year-on-year increase in pesticide formulation exports in the first quarter of 2024, indicating a potential upturn in demand for raw materials [1][3]. - The company is focusing on technological innovation and has successfully launched several projects, enhancing its integrated supply chain from raw materials to fine chemicals [16].
公司事件点评报告:2024Q1业绩环比改善,静待行业景气度改善
Huaxin Securities· 2024-04-29 09:00
张伟保:华南理工大学化工硕士,13 年化工行业研究经验,其中三年卖方研究 经验,十年买方研究经验,善于通过供求关系以及竞争变化来判断行业和公司 发展趋势,致力于推荐具有长期竞争力的优质公司。2023 年加入华鑫证券研究 所,担任化工行业首席分析师。 刘韩:中山大学材料工程/香港城市大学金融学硕士,3 年能源化工大宗商品研 究经验,2022 年加入华鑫证券研究所,从事化工行业及上市公司研究。 证 报 告 公 司 研 究 券 研 2024 年 04 月 29 日 究 | --- | --- | --- | |-----------------------------------------------------------------------------------------|--------------------------------------------------|-------------------------------------------------------------------------------------------------------------------- ...
2024Q1环比改善,静待农药需求复苏2023年年报及2024年 一季报点评
Guohai Securities· 2024-04-28 06:00
证券研究报告 图 13: 李度资产负债率 40% 35% 30% 25% 20% 15% 10% 5% 0% 2019Q3 zonzoz IDozaz 506102 2020Q3 2018Q; 2019Q1 2019Q2 2023Q4 2024Q1 18Q 2018Q 2023Q 资产负债率(%) 资料来源:wind,国海证券研究所 图 15: 李度毛利率及净利率 60% 50% 40% 30% 20% 10% 0% 2021Q2 2021Q3 2021Q4 2019Q4 2020Q4 2019Q2 2019Q3 2020Q2 020Q3 022Q4 2020Q 2021Q 2022Q 2022Q 022Q 销售净利率 销售期间费用率(%) 资料来源:wind,国海证券研究所 图 17: 2024 年 Q1 经营活动现金流净额 2.2 亿元 | --- | --- | --- | --- | --- | --- | --- | --- | |-------|----------------------------------------------------------------------------- ...
广信股份:对会计师事务所2023年度履职情况的评估报告
2024-04-25 12:14
安徽广信农化股份有限公司 对会计师事务所 2023 年度履职情况的评估报告 2. 人员信息 截至 2023年 12月 31日,容诚会计师事务所共有合伙人 179人,共有注册 会计师 1395 人,其中 745 人签署过证券服务业务审计报告。 3. 业务规模 容诚会计师事务所经审计的 2022 年度收入总额为 266,287.74 万元, 其中审 计业务收入 254,019.07 万元,证券期货业务收入 135,168.13 万 元。容诚会计师事务所共承担 366 家上市公司 2022年年报审计业务,审计 收费总额 42,888.06 万元,客户主要集中在制造业及信息传输、软件和信 息技术服务业,建筑业,批发和零售业,水利、环境和公共设施管理业,交 通运输、仓储和邮政业,科学研究和技术服务业,电力、热力、燃气及水生 产和供应业,文化、体育和娱乐业,采矿业、金融业,房地产业等多个行业。 容诚会计师事务所对公司所在的相同行业上市公司审计客户家数为 260 家。 二、执业记录 容诚所近三年因执业行为受到刑事处罚 0次、行政处罚 0次、监督管理 措施 12 次、自律监管措施 1 次、自律处分 1 次。43 名从业人员近 ...
广信股份(603599) - 2024 Q1 - 季度财报
2024-04-25 10:49
Financial Performance - Total operating revenue for Q1 2024 was ¥1,215,462,107.45, a decrease of approximately 37% compared to ¥1,925,991,278.96 in Q1 2023[7] - Total revenue decreased by 36.89% due to a decline in sales prices and volume of main products[18] - Net profit attributable to shareholders decreased by 56.80%, primarily due to lower market prices of key products[18] - Net profit excluding non-recurring gains and losses decreased by 55.06%, reflecting weakened profitability and reduced sales volume[18] - Operating profit for the period was CNY 246,847,751.75, down from CNY 632,119,265.96 in the previous period[16] - Net profit for the period was CNY 220,549,007.88, compared to CNY 534,204,265.88 in the previous period[16] - The net profit attributable to shareholders for Q1 2024 was CNY 225,164,722.64, down 56.80% year-over-year[26] - Total comprehensive income amounted to $220.55 million, compared to $534.20 million in the prior period, indicating a decline of about 58.8%[40] - Basic and diluted earnings per share for Q1 2024 were both CNY 0.25, a decrease of 56.14% compared to the previous year[26] - Basic and diluted earnings per share were both $0.25, down from $0.80 in the previous period, reflecting a decrease of 68.75%[40] Cash Flow - Cash and cash equivalents at the end of Q1 2024 were ¥6,900,931,002.74, an increase from ¥3,622,604,522.67 in Q1 2023[11] - The net increase in cash and cash equivalents for Q1 2024 was ¥1,207,417,420.69, compared to an increase of ¥729,531,472.38 in Q1 2023[11] - Net cash flow from investing activities for Q1 2024 was ¥1,408,464,934.07, compared to ¥461,903,204.58 in Q1 2023[11] - The company reported a net cash flow from operating activities of CNY 10,140,296.82 after tax effects[18] - The net cash flow from operating activities increased by 33.85% to CNY 215,745,154.49 in Q1 2024[26] - Cash inflow from operating activities totaled CNY 902,253,619.94, down from CNY 1,393,277,572.20 in Q1 2023[38] - Cash outflow from operating activities was CNY 686,508,465.45, compared to CNY 1,232,091,317.55 in the same period last year[38] - The company reported cash inflow from investment activities of CNY 3,549,971,586.99, significantly higher than CNY 1,704,473,105.96 in Q1 2023[38] Assets and Liabilities - Total assets as of March 31, 2024, amounted to ¥14,811,790,274.88, down from ¥15,516,096,682.38 at the end of 2023[15] - Total liabilities decreased to ¥5,103,464,203.33 in Q1 2024 from ¥5,902,309,187.56 in Q1 2023, reflecting a reduction of approximately 13.5%[7] - The company's total equity attributable to shareholders increased to ¥9,708,326,071.55 in Q1 2024 from ¥9,483,719,229.35 in Q1 2023, representing a growth of about 2.4%[7] - Total assets at the end of the reporting period were CNY 14,811,790,274.88, a decrease of 4.54% from the previous year[17] - Shareholders' equity attributable to the parent company increased by 2.37% to CNY 9,708,326,071.55[17] - The company's long-term borrowings were reported at ¥2,363,837,089.32 in Q1 2024, down from ¥2,778,475,402.21 in Q1 2023[15] - Deferred income decreased to ¥64,049,476.38 in Q1 2024 from ¥66,809,070.47 in Q1 2023[7] Shareholder Information - The number of common shareholders at the end of the reporting period was 16,174[19] - The company did not engage in any share lending or borrowing activities among its top shareholders[30] Audit and Accounting - The report was not audited, indicating that the financial data may be subject to further review[26] - The company is not applying new accounting standards or interpretations for the first quarter of 2024[43]
广信股份(603599) - 2023 Q4 - 年度财报
2024-04-25 10:49
Production Capacity and Utilization - The company has a total licensed capacity of 320,000 tons/year for phosgene production, with current utilization at 68,000 tons/year, representing only 21% of the licensed capacity[2]. - The company reported a total of 92.01 million tons of major pesticides and pesticide intermediates in the 2023 annual report[12]. - The company’s production process for methyl thiophanate achieves a product quality level of over 97%, leading in the domestic market[9]. - The company has 1,705 pesticide production enterprises nationwide, with 693 of them being large-scale enterprises as of the end of 2020[180]. Financial Performance and Dividend Policy - The company plans to distribute a cash dividend of 6 yuan (including tax) for every 10 shares, totaling approximately 546.16 million yuan based on the total share capital of 910,269,345 shares as of December 31, 2023[39]. - The company has a profit distribution policy that emphasizes a minimum cash dividend of 30% of the average distributable profit over the last three years, provided that the company has sufficient cash flow and retained earnings[1]. - In mature stages without significant capital expenditure, the company aims for cash dividends to constitute at least 80% of the profit distribution[1]. - The company declared a cash dividend of ¥546,161,607, which represents 37.96% of the net profit attributable to ordinary shareholders in the consolidated financial statements[70]. Governance and Compliance - The board of directors has approved the 2023 internal control self-evaluation report, indicating adherence to governance standards[42]. - The company has not faced any penalties from securities regulatory authorities in the past three years, reflecting compliance with regulations[60]. - The company has established strict internal control management systems to ensure compliance with laws and regulations, safeguarding asset security[90]. - The company has not disclosed any significant accounting errors or their impacts during the reporting period[87]. Environmental Management - The company has established a wastewater treatment facility with a daily processing capacity of 5,000 tons, ensuring compliance with environmental standards[47]. - The company actively promotes energy management and carbon emission reduction, aiming to enhance energy efficiency and achieve sustainable development[83]. - The company has implemented multiple projects to reduce waste emissions and enhance environmental management, achieving significant results[99]. - The company has implemented measures to control noise pollution through advanced technology and equipment, ensuring compliance with noise standards[78]. Talent Management and Corporate Culture - The company has implemented a talent management mechanism to attract and retain skilled personnel, ensuring a conducive work environment[18]. - The company is focused on responding to employee concerns and improving overall corporate quality through a people-oriented management approach[18]. - The company has established a performance evaluation system for senior management, which includes comprehensive assessments based on annual performance, management capabilities, and employee evaluations[72]. Research and Development - The company is committed to developing advanced products with independent intellectual property rights and has undertaken multiple national science and technology projects[7]. - The company aims to enhance its R&D capabilities by attracting talent and collaborating with international agricultural companies and domestic research institutions[185]. - The company is focused on optimizing product structure and continuously investing in R&D to seek new profit growth opportunities[192]. - The company has established a technical R&D center and plans to introduce advanced experimental analysis equipment to support its development efforts[185]. Shareholder Information - The top ten shareholders include Anhui Guangxin Group Co., Ltd. with 351,180,906 shares, accounting for a significant portion of the total shares[137]. - The largest shareholder, Anhui Guangxin Group Co., Ltd., holds 351,180,906 shares, representing 38.58% of total shares[151]. - The second-largest shareholder, Weng Renyuan, increased his holdings by 6,501,687 shares, totaling 43,124,473 shares or 4.74%[151]. - The total number of shares before the change was 650,255,389, with a total of 260,102,156 shares issued during the period, resulting in a total of 910,269,345 shares after the change[131]. Strategic Initiatives - The company aims to enhance development quality and efficiency, aspiring to become a large competitive pesticide company[15]. - The company adopts a "sales-driven production" model, adjusting inventory based on market demand[181]. - The company is committed to strengthening the management of pesticide granule products in response to new regulatory measures proposed by the Ministry of Agriculture and Rural Affairs[191]. - The company is positioned to benefit from the growing market for chemical intermediates, particularly in agriculture and pharmaceuticals[180].
广信股份:关于召开2023年度业绩说明会的公告
2024-04-25 10:49
证券代码:603599 证券简称:广信股份 公告编号:2024-014 安徽广信农化股份有限公司 关于召开 2023 年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。 会议召开时间:2024 年 05 月 22 日(星期三) 上午 09:00-10:00 会议召开地点:上海证券交易所上证路演中心(网址: (二) 会议召开地点:上证路演中心 重要内容提示: https://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 05 月 15 日(星期三) 至 05 月 21 日(星期二)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 guangxinzq@chinaguangxin.com 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。 安徽广信农化股份有限公司(以下简称"公司")已于 2024 年 4 月 26 日发 布公司 2023 年度报告,为便于广大投资者更全面深入地了解公司 2023 年度经 营成果、财 ...