证券代码：603688 证券简称：石英股份 公告编号：临2025-024 江苏太平洋石英股份有限公司 2024年年度股东大会决议公告 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。 重要内容提示： (四)表决方式是否符合《公司法》及《公司章程》的规定，大会主持情况等。 本次会议由公司董事会召集，董事长陈士斌先生主持。会议采用现场投票与 一、会议召开和出席情况 (一)股东大会召开的时间：2025 年 5 月 16 日 (二)股东大会召开的地点：江苏省连云港市东海县平明镇马河电站东侧江苏太平 洋石英股份有限公司会议室 (三)出席会议的普通股股东和恢复表决权的优先股股东及其持有股份情况： | 1、出席会议的股东和代理人人数 | 808 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 298,078,072 | | 3、出席会议的股东所持有表决权股份数占公司有表决权股 | 55.0286 | | 份总数的比例（%） | | 本次会议是否有否决议案：无 1 网络投票相结合的表决方式。本次股东大会的 ...

Summary of Conference Call Notes Industry Overview - The conference call discusses the construction materials industry, particularly focusing on cement and glass products, amidst recent monetary policy changes by the central bank [1][2]. Key Points and Arguments - **Monetary Policy Impact**: The central bank announced a 0.5% reduction in the reserve requirement ratio and a 0.1% decrease in policy interest rates, expected to inject approximately 1 trillion yuan into the market [3]. - **Cement Market Performance**: As of May 9, the national cement shipment rates were reported at 48%, with regional rates in East and South China at 52% and 54% respectively, showing a month-on-month decline of 1.5%, 0.9%, and 7.2 percentage points [1]. - **Price Trends**: The average price of cement decreased by 4.5 yuan per ton to 387 yuan per ton, marking a 15 yuan drop since early April [1]. - **Glass Market Update**: The average price of float glass was reported at 1318 yuan per ton, down 14 yuan from the previous week, with inventory levels at 58.17 million heavy boxes, an increase of 3.4% [1]. - **Fiber Market**: The average price of alkali-free glass fiber yarn in East China was 3650 yuan per ton, down 50 yuan from before the May Day holiday [1]. Investment Opportunities - **Excess Return Potential**: Historical data suggests that the construction materials sector has a high probability of achieving excess returns compared to the CSI 300 index when the real estate market shows signs of stability and improvement [3][4]. - **Real Estate Market Indicators**: As of April 28, the second-hand housing price index for first and second-tier cities was 196.84 and 145.02 respectively, indicating a stabilization trend. Notably, the investment amount from 30 monitored real estate companies reached 87.6 billion yuan in April, a year-on-year increase of nearly 100% [3]. Recommended Investment Lines - **Main Line One**: Focus on large-scale construction materials with improving supply-demand dynamics, emphasizing price elasticity and high dividend yields [5]. - **Main Line Two**: Favorable outlook on leading consumer building material companies with long-term growth potential, highlighting performance elasticity in high-demand consumer segments [7]. - **Main Line Three**: Interest in companies transitioning or expanding into high-growth sectors such as semiconductors, AI, and robotics [7]. Recommended Companies - **Cement Companies**: Conch Cement, Huaxin Cement, China Jushi, TPI Cement, Shangfeng Cement, Changhai Co. [6]. - **Consumer Building Materials**: Sankeshu, Oriental Yuhong, Beixin Building Materials, Weixing New Materials, Tubao, with a focus on Jianlang Hardware, Qinglong Pipeline, and Longquan Co. [7]. - **High-Growth Companies**: Quartz Co., Planet Graphite, with attention to Zhongqi New Materials [8]. Risk Factors - Potential risks include demand falling short of expectations, gross margins not meeting forecasts, and delays in receivables [8].

Core Viewpoint - Jiangsu Pacific Quartz Co., Ltd. reported significant declines in financial performance for 2024, with total revenue dropping by 83.15% to CNY 121,028.05 million and net profit attributable to shareholders decreasing by 93.38% to CNY 33,357.14 million, indicating challenges in the quartz industry, particularly in the photovoltaic sector [18][19][32]. Financial Performance - The company achieved a total revenue of CNY 121,028.05 million in 2024, a decrease of 83.15% compared to CNY 718,423.11 million in 2023 [19][32]. - Net profit attributable to shareholders was CNY 33,357.14 million, down 93.38% from CNY 503,913.29 million in the previous year [18][19][32]. - The basic earnings per share fell to CNY 0.62 from CNY 9.30, reflecting a decline of 93.33% [20][32]. Business Segments - Revenue from the photovoltaic segment plummeted by 93.97%, contributing CNY 38,134.73 million in 2024 compared to CNY 632,142.18 million in 2023 [19][32]. - The light source segment saw a slight decrease of 5.71%, generating CNY 30,584.39 million in 2024 [19][32]. Corporate Governance - The board of directors emphasized the importance of adhering to legal regulations and maintaining corporate governance standards, ensuring that all major decisions are compliant with laws and beneficial to shareholders [28][30]. - The company plans to enhance its internal control systems and governance structures to support sustainable development [27][28]. Future Outlook - The company aims to optimize its product structure and increase market share in the semiconductor and photovoltaic sectors, focusing on sustainable growth and innovation [26][27]. - There is a commitment to increasing research and development investments to achieve technological breakthroughs and enhance competitive advantages in the quartz industry [27][28].

江苏太平洋石英股份有限公司 2024 年年度股东大会会议资料 江苏 连云港 二〇二五年五月十六日 江苏太平洋石英股份有限公司2024 年年度股东大会 会议资料 股票简称：石英股份 股票代码：603688 为了维护全体股东的合法权益，确保现场股东大会的正常秩序和议事效率， 保证现场会议的顺利进行，根据《公司法》《上市公司股东大会规则》和《公司 章程》等有关规定，现就江苏太平洋石英股份有限公司 2024 年年度股东大会现 场会议规则明确如下： 一、为确认出席大会的股东或其代理人或其他出席者的出席资格，会议工作 人员将对出席会议者的身份进行必要的核对工作，请被核对者给予配合。 1 江苏太平洋石英股份有限公司2024 年年度股东大会 会议资料 | 目录 | | --- | | 年年度股东大会现场会议规则 | ··············································3 | | | 2024 | | --- | --- | --- | --- | --- | | 年年度股东大会会议议程 ·················································· ...

业绩暂时承压，期待半导体业务提速 ——石英股份 2024 年年报&2025 年一季报点评 核心观点 ⚫ 调整 2025-2027 年归母净利润至 5.14、7.98、12.42 亿元（原预测 2025 年为 69.43 亿元），主要对预测期高纯石英砂的单价和销量调整。根据可比公司 2025 年平均 37X PE 计算，对应目标价 35.15 元，维持"买入"评级。 风险提示 公司主要财务信息 | | 2023A | 2024A | 2025E | 2026E | 2027E | | --- | --- | --- | --- | --- | --- | | 营业收入(百万元) | 7,184 | 1,210 | 1,618 | 2,173 | 3,011 | | 同比增长 (%) | 258.5% | -83.2% | 33.7% | 34.3% | 38.5% | | 营业利润(百万元) | 5,958 | 395 | 588 | 917 | 1,436 | | 同比增长 (%) | 381.7% | -93.4% | 48.9% | 56.1% | 56.5% | | 归属母公司净利润(百万元) | 5, ...

风险提示 高纯石英砂价格快速下滑、新建高纯石英砂产能释放低于预期、半导体领域拓展不及预期 发力半导体领域，经营有望重回增长。公司自制高纯石英砂砂产品已通过多家国际主流半导体设备商认 证，同时积极配合国内芯片厂半导体石英本地化认证。半导体用石英的产品品种多，认证周期长，具有 一定壁垒，下一步公司将继续加快半导体产品的产能扩张，持续推动对半导体石英材料终端晶圆制造商 及半导体设备商的产品认证和市场推广。目前公司在半导体石英材料的市场占有率相对较低，随着公司 市场份额的进一步扩大，相关产品将成为公司重要的增长点。 国际贸易摩擦有加剧趋势，加速公司产品国产替代。国内半导体石英产品以及部分高端光伏产品仍依靠 国外进口，但由于国际上贸易保护主义抬头，供应链稳定性遭遇较大挑战。目前公司与国内多家业内优 秀光伏企业建立了战略合作伙伴关系，光伏坩埚的全国产化需求加大、半导体坩埚的国产化项目进程提 速、半导体石英制品的国产砂替代势在必行。公司已完成高纯石英砂10 万吨/年产能的布局，可充分满 足相关需求的释放。 调整2025-2027 年归母净利润至5.14、7.98、12.42 亿元（原预测2025 年为69.43亿元），主要 ...

证券代码：603688 证券简称：石英股份 公告编号：临 2025-023 江苏太平洋石英股份有限公司 关于 2024 年度暨 2025 年第一季度 业绩说明会召开情况的公告 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。 江苏太平洋石英股份有限公司(以下简称"公司")于 2025 年 04 月 26 日在 《上海证券报》《证券时报》和上海证券交易所网站(www.sse.com.cn)上披露了 公司 2024 年年度报告及 2025 年第一季度报告。为便于广大投资者更深入、全面 地了解公司经营情况，公司于 2025 年 04 月 30 日(星期三)10:00-11:00 通过上 海证券交易所上证路演中心以网络互动的方式召开公司2024年度暨2025年第一 季度业绩说明会(以下简称"说明会")，就投资者关心的问题进行交流。现将说 明会召开情况公告如下： 一、业绩说明会召开情况 二、投资者的主要问题和公司的回复情况 在本次说明会上，公司就投资者关注的问题给予了回答，主要问题和回复情 况梳理如下： 问题 1：1.怎么看待未来光伏板块 ...

Core Viewpoint - The significant decline in Quartz Co., Ltd.'s performance in 2024 is primarily attributed to fluctuations in the photovoltaic industry, leading to a drastic reduction in revenue and profits [4][6]. Financial Performance - The total revenue for 2024 was 1.21 billion, a decrease of 83.15% compared to 7.18 billion in 2023 [4][5]. - Gross profit for 2024 was 556 million, and net profit attributable to shareholders was 334 million, reflecting year-on-year declines of 93.38% and 94.55% respectively [4][5]. - The rolling quarter-on-quarter growth rates for total revenue, net profit, and non-recurring net profit were -46.95%, -70.87%, and -75.53% respectively, indicating a significant performance downturn [4]. Industry Impact - The decline in performance is largely due to reduced demand for quartz materials used in photovoltaic applications, as the industry undergoes capacity reduction and inventory clearance [4][6]. - Despite challenges in the photovoltaic sector, the semiconductor materials segment is emerging as a new growth point for the company [5][6]. Strategic Focus - The company is committed to prioritizing the development of semiconductor materials, increasing research and development investments in this area [5][6]. - The high-purity quartz sand produced by the company has successfully entered the semiconductor field and has passed key customer certifications, enhancing its market access [5]. Financial Health and Shareholder Returns - Despite the significant drop in performance, the company plans to distribute a cash dividend of 1.9 per 10 shares (including tax), totaling 102 million, which represents 30.69% of the net profit attributable to shareholders [5]. - The company's financial ratios indicate a relatively stable financial condition, with a debt-to-asset ratio of 10.69%, a current ratio of 6.949, and a quick ratio of 5.351 [5].

每股收益大幅缩水 基本每股收益为0.62元/股，较2023年的9.30元/股减少93.33%；扣除非经常性损益后的基本每股收益为 0.51元/股，同比减少94.50%。每股收益的急剧下降，直接反映了公司盈利能力的大幅减弱，对股东的 回报水平也相应降低，这可能会影响投资者对公司的信心和投资决策。 费用情况分析 销售费用下降 江苏太平洋石英股份有限公司（以下简称"石英股份"）近日发布2024年年报，报告期内公司多项财务数 据出现较大变化。其中，营业收入同比减少83.15%，基本每股收益同比减少93.33%，这些显著变动值 得投资者密切关注。 关键财务指标解读 营收锐减，光伏产品影响显著 2024年，石英股份营业收入为1,210,280,474.42元，较2023年的7,184,231,132.09元减少83.15%。公司表 示，主要原因是报告期内光伏类产品收入较上年同期减少594,007.45万元，同比减少93.97%。从主营业 务分行业情况来看，光伏行业主营收入占公司主营业务收入的32.12%，较上年同期减少594,007.45万 元，降幅明显。这表明公司对光伏产品的依赖度在营收层面体现得较为突出，光伏市场的波 ...

证券代码：603688 证券简称：石英股份 公告编号：临 2025-019 江苏太平洋石英股份有限公司 关于新增 2025 年年度日常关联交易预计额度的公告 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个别及连带责任。 重要内容提示： 是否需要提交股东大会审议：否 日常关联交易对上市公司的影响：本次新增日常关联交易预计额度为公 司日常经营需要，定价公允，有利于公司经营业绩的稳定增长，不存在损害上市 公司和非关联方股东利益的情况，由于关联交易金额占公司采购和销售额的比例 均较低，公司主营业务并不会因此对关联人形成依赖，公司独立性不会受到影响。 一、日常关联交易基本情况 （一）日常关联交易履行的审议程序 1、2025年04月24日，江苏太平洋石英股份有限公司（以下简称"公司"、 "本公司"）第五届董事会独立董事专门会议第二次会议审议通过了《关于新增 2025年年度日常关联交易预计额度的议案》。独立董事审查后一致认为：公司新 增2025年年度日常关联交易预计额度事项属于公司正常经营之行为，符合公司经 营发展和业务开展的实际需要。公司与关联方 ...