二〇二五年五月 证券代码：605158 证券简称：华达新材 | | | 浙江华达新型材料股份有限公司 2024 年年度股东会 会 议 材 料 为维护浙江华达新型材料股份有限公司（以下简称"公司"）投资者的合法 权益，保障股东及股东代表（以下统称"股东"）在本公司 2024 年年度股东会 期间依法行使权利，确保股东会的正常秩序和议事效率，根据《公司法》《证券 法》《上市公司股东会规则》《公司章程》等有关规定，特制定本会议须知： 浙江华达新型材料股份有限公司 2024 年年度股东会会议材料 2024 年年度股东会会议须知 各位股东及股东代表： 一、为保证股东会的严肃性和正常秩序，切实维护与会股东（包括股东代理 人，下同）的合法权益，除出席会议的股东、公司董事、监事、高级管理人员、 见证律师及董事会邀请的人员外，公司有权依法拒绝其他人员进入会场。 二、出席现场会议的股东须在会议召开前 30 分钟到会议现场办理签到手续， 并请按规定出示证券账户卡、身份证或法人单位证明、授权委托书等，经验证后 领取会议资料，方可出席会议。 三、股东依法享有发言权、质询权、表决权等权利。股东要认真履行法定义 务，不得侵犯其他股东的权益， ...

证券代码：605158 证券简称：华达新材 公告编号：2025-019 浙江华达新型材料股份有限公司 关于会计估计变更的公告 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： 本次会计估计变更对公司合并报表金额无影响。 本次会计估计的变更采用未来适用法，无需对已披露的财务报告进行追 溯调整，不会对公司以前年度财务状况和经营成果产生影响。 浙江华达新型材料股份有限公司（以下简称"公司"）于 2025 年 4 月 28 日召开第四届董事会第六次会议，以 7 票同意，0 票反对，0 票弃权的表决结果 审议通过了《关于会计估计变更的议案》，具体内容如下： 一、本次会计估计变更概述 为客观、公正地反映个别报表的财务状况，简化公司与各子公司之间的核算 流程，公司拟变更应收款项合并报表范围内关联方组合计提坏账准备的会计估 计。合并报表范围内关联方之间形成的应收款项，单独进行减值测试，除非有确 凿证据表明发生减值，不计提坏账准备。 以上事项无需提交股东会审议。 二、本次会计估计变更的具体情况及对公司的影响 （一）变更内容 （1） ...

证券代码：605158 证券简称：华达新材 公告编号：2025-018 浙江华达新型材料股份有限公司 第四届监事会第六次会议决议公告 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法律责任。 一、监事会会议召开情况 浙江华达新型材料股份有限公司（以下简称"公司"）第四届监事会第六次 会议通知于 2025 年 4 月 21 日以现场通知方式送达全体监事，会议于 2025 年 4 月 28 日在公司会议室，以现场会议的方式召开。本次会议应参与表决监事 3 名， 实到参与表决监事 3 名，公司董事和高级管理人员列席本次会议。本次会议由监 事会主席钱军良先生主持。本次会议符合《公司法》《公司章程》和《监事会议 事规则》的有关规定，会议的召集、召开合法有效。 二、监事会会议审议情况 （一）审议通过《关于<2025 年第一季度报告>的议案》。 监事会认为：董事会编制和审议公司《2025 年第一季度报告》的程序符合 相关法律法规及《公司章程》等内部规章制度的规定；公司 2025 年第一季度报 告的内容与格式符合相关规定，包含的信息公允、全面、真实地反 ...

浙江华达新型材料股份有限公司2025 年第一季度报告 浙江华达新型材料股份有限公司 2025 年第一季度报告 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。 重要内容提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整，不存 在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 公司负责人、主管会计工作负责人及会计机构负责人（会计主管人员）保证季度报告中财务信息 的真实、准确、完整。 第一季度财务报表是否经审计 □是 √否 一、主要财务数据 (一)主要会计数据和财务指标 证券代码：605158 证券简称：华达新材 | | | 单位：元 | 币种：人民币 | | --- | --- | --- | --- | | | | | 本报告期比上 | | 项目 | 本报告期 | 上年同期 | 年同期增减变 | | | | | 动幅度(%) | | 营业收入 | 1,400,533,419.21 | 1,589,403,425.30 | -11.88 | | 归属于上市公司股东的净利润 | 39, ...

一、主要会计数据和财务指标 | 报告期指标 | 2025年一季报 | 2024年一季报 | 本年比上年增减(%) | 2023年一季报 | | --- | --- | --- | --- | --- | | 基本每股收益（元） | 0.0800 | 0.1400 | -42.86 | 0.1400 | | 每股净资产（元） | 4.99 | 4.91 | 1.63 | 4.37 | | 每股公积金(元) | 1.27 | 1.27 | 0 | 1.27 | | 每股未分配利润(元) | 2.48 | 2.33 | 6.44 | 1.87 | | 每股经营现金流(元) | - | - | - | - | | 营业收入(亿元) | 14.01 | 15.89 | -11.83 | 16.88 | | 净利润(亿元) | 0.39 | 0.71 | -45.07 | 0.71 | | 净资产收益率(%) | 1.53 | 2.87 | -46.69 | 3.22 | 三、分红送配方案情况 本次公司不分配不转赠。 数据四舍五入，查看更多财务数据>> 二、前10名无限售条件股东持股情况 前十大流通股东累计持有： 384 ...

Investment Rating - The report maintains a "Strong Buy" rating for the company [3]. Core Views - The company is expected to see significant improvements in performance with the upcoming production launch of the Nantong factory, which is projected to enhance production capacity and sales volume, thereby boosting earnings [7][19]. - The company experienced a decline in revenue and profit margins in 2024 due to weak downstream demand, but a recovery is anticipated in the following years [7][19]. - The financial outlook shows a projected increase in net profit from 2.29 billion yuan in 2024 to 9.89 billion yuan by 2027, indicating strong growth potential [7][19]. Financial Data and Valuation - Total revenue is projected to decline from 75.79 billion yuan in 2023 to 69.27 billion yuan in 2024, before rebounding to 110.56 billion yuan in 2025 [2][19]. - Operating profit is expected to decrease to 2.65 billion yuan in 2024, but is forecasted to rise significantly to 9.78 billion yuan by 2026 [2][19]. - The company's net profit is projected to recover from 2.29 billion yuan in 2024 to 9.89 billion yuan in 2027, with a corresponding increase in earnings per share from 0.45 yuan to 1.93 yuan [2][19]. - The price-to-earnings (PE) ratio is expected to improve from 17.5 in 2024 to 4.1 by 2027, indicating a more attractive valuation over time [2][19]. Production and Operational Insights - The company plans to produce 1.6491 million tons of hot-dip galvanized sheets in 2024, a slight decrease of 0.56% year-on-year, while the production of color-coated sheets is expected to drop by 13.78% to 557,100 tons [7]. - The Nantong project, with a total investment of 2.126 billion yuan, is set to add 2.1 million tons of new capacity and is expected to commence operations in the first half of 2025 [7]. - The company has maintained a stable expense ratio, with a slight increase in the overall expense ratio to 3.51% in 2024 [7].

Investment Rating - The report maintains a "Strong Buy" rating for the company [4] Core Views - The company's performance in Q3 has negatively impacted the overall annual results, but the upcoming production at the Nantong factory is expected to enhance production and sales significantly [7] - The company is facing a decline in revenue due to weak downstream demand, with a projected revenue of 6.927 billion yuan for 2024, a decrease of 8.6% year-on-year [7] - The Nantong project, with a total investment of 2.126 billion yuan and an expected production capacity of 2.1 million tons, is anticipated to commence operations in the first half of 2025, potentially reducing logistics costs significantly [7] Financial Data and Valuation - The company’s total revenue is projected to decline from 7.579 billion yuan in 2023 to 6.927 billion yuan in 2024, before rebounding to 11.056 billion yuan in 2025, reflecting a growth rate of 60% [3][19] - Operating profit is expected to decrease from 394 million yuan in 2023 to 265 million yuan in 2024, but is forecasted to rise to 539 million yuan in 2025, indicating a growth of 103% [3][19] - The net profit attributable to the parent company is projected to decline from 334 million yuan in 2023 to 229 million yuan in 2024, with a recovery to 459 million yuan in 2025, representing a growth of 100% [3][19] - The company’s price-to-earnings (PE) ratio is expected to improve from 12.1 in 2023 to 8.8 in 2025, indicating a more attractive valuation [3][19] - The return on equity (ROE) is projected to increase from 9.2% in 2024 to 16.7% in 2025, reflecting improved profitability [19] Key Financial Metrics - The company’s gross margin is expected to decline to 6.48% in 2024, down from 8.1% in 2023, before recovering to 8.3% in 2025 [19] - The asset-liability ratio is projected to increase from 67.1% in 2024 to 55.8% in 2025, indicating a potential improvement in financial stability [19] - The company’s cash flow from operating activities is expected to turn negative in 2024, with a net cash flow of -2.364 billion yuan, before recovering to positive cash flow in subsequent years [19]

Investment Rating - The report maintains a "Strong Buy" rating for the company [4] Core Views - The company's performance in Q3 has negatively impacted the overall annual results, but the upcoming production at the Nantong factory is expected to enhance production and sales significantly [7] - The company is facing a decline in revenue due to weak downstream demand, with a projected revenue of 6.927 billion yuan for 2024, a decrease of 8.6% year-on-year [7] - The Nantong project, with a total investment of 2.126 billion yuan and an expected production capacity of 2.1 million tons, is anticipated to commence operations in the first half of 2025, potentially reducing logistics costs significantly [7] Financial Data and Valuation - The company’s total revenue is projected to recover to 11.056 billion yuan in 2025, representing a 60% increase year-on-year [3] - The net profit attributable to the parent company is expected to reach 4.59 billion yuan in 2025, with corresponding PE ratios of 9.0, 5.0, and 4.2 for the years 2025 to 2027 [7] - The company’s gross margin is expected to improve from 6.5% in 2024 to 10.3% by 2027 [19] - The asset-liability ratio is projected to decrease from 67.1% in 2024 to 56.9% in 2027, indicating improved financial stability [19] Stock Performance - The current stock price is 7.9 yuan, with a total market capitalization of 4 billion yuan [4] - The stock has shown a relative performance of -17% over the past month and +13% over the past year compared to the CSI 300 index [6]

Overview of Operating Performance - The company reported total revenue of 6.927 billion yuan in 2024, a year-on-year decrease of 8.60% [1] - The net profit attributable to shareholders was 229 million yuan, down 31.39% year-on-year [1] - The net profit after deducting non-recurring items was 203 million yuan, a decline of 35.04% year-on-year [1] - In Q4, total revenue was 1.891 billion yuan, a decrease of 7.98% year-on-year [1] - The net profit for Q4 was 96.528 million yuan, down 10.07% year-on-year [1] Profitability Analysis - The company's gross margin was 6.48%, a decrease of 19.57% year-on-year [2] - The net margin was 3.31%, down 24.93% year-on-year [2] - The gross margin for hot-dip galvanized sheets was 4.05%, while for color-coated sheets it was 9.93% [2] - Other products had gross margins ranging from 8.99% to 11.18% [2] Cash Flow and Debt Situation - The net cash flow from operating activities was -2.364 billion yuan, a decline of 586.13% year-on-year [3] - Cash and cash equivalents amounted to 4.664 billion yuan, an increase of 87.42% year-on-year [3] - Interest-bearing debt rose to 2.796 billion yuan, a significant increase of 423.53% year-on-year [3] Cost and Expense Control - The ratio of three expenses (selling, administrative, and financial expenses) to revenue was 0.27%, an increase of 2599.27% year-on-year [4] - The operating cash flow per share was -4.62 yuan, a decrease of 586.13% year-on-year [4] Debt Repayment Ability and Financing Situation - The company has a healthy cash asset position, but the interest-bearing asset-liability ratio reached 36.04% [5] - The average operating cash flow over the past three years has been negative, indicating some risk in debt repayment [5] - Cumulative financing since the company's listing totaled 841 million yuan, with cumulative dividends amounting to 313 million yuan, resulting in a dividend financing ratio of 0.37 [5] Future Development Outlook - Despite the decline in performance in 2024, the company is actively advancing the Nantong industrial base project and enhancing technological innovation and new product development [6] - The company aims to expand its domestic market and optimize its business layout [6] - With the implementation of national economic revitalization plans and stimulus policies, downstream demand in the industry is expected to maintain growth, potentially increasing production and sales [6] - The company plans to continue increasing R&D investment to enhance its overall competitiveness and profitability [6]

证券代码：605158 证券简称：华达新材 公告编号：2025-008 浙江华达新型材料股份有限公司 关于召开2024年年度股东会的通知 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： 一、 召开会议的基本情况 (一)股东会类型和届次 2024年年度股东会 (二)股东会召集人：董事会 (三)投票方式：本次股东会所采用的表决方式是现场投票和网络投票相结合的方 式 (四)现场会议召开的日期、时间和地点 召开的日期时间：2025 年 5 月 13 日 14 点 00 分 召开地点：杭州市富阳区大源镇大桥南路 198 号 (五)网络投票的系统、起止日期和投票时间。 网络投票系统：上海证券交易所股东大会网络投票系统 网络投票起止时间：自2025 年 5 月 13 日 股东会召开日期：2025年5月13日 本次股东会采用的网络投票系统：上海证券交易所股东大会网络投票系 统 至2025 年 5 月 13 日 采用上海证券交易所网络投票系统，通过交易系统投票平台的投票时间为股 东会召开当日的交易时间段，即 9:15-9:25, ...