| 变更事项 | 变更前 | | | 变更后 | | --- | --- | --- | --- | --- | | 办公地址 | 江苏省无锡市锡山区安镇 | | | 江苏省无锡市锡山区安镇街道山河 | | | 街道创融大厦 座 10 | C | 楼 | 路 50 号浙大网新科创园 32-36 栋 | | 邮政编码 | 214101 | | | 214104 | 证券代码：605183 证券简称：确成股份 公告编号：2025-001 确成硅化学股份有限公司 关于变更办公地址的公告 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。 因经营发展需要，确成硅化学股份有限公司（以下简称"公司"）办公地址已 于近日搬迁至新址办公，变更前后的情况如下： 网址：www.quechen.com 电子邮箱：ir@quechen.com 敬请广大投资者关注以上信息变更，由此带来的不便，敬请谅解。 特此公告。 确成硅化学股份有限公司董事会 2025 年 3 月 7 日 除上述变更外，公司投资者电话、电子邮箱等其他联系方式均保持不变。 随着上述变 ...

Investment Rating - The report assigns a "Buy" rating for the company, indicating a positive outlook based on its fundamentals and expected performance relative to market benchmarks [5][90][99]. Core Views - The company is a leader in the precipitated silica industry, with significant growth potential through high-end transformation and expansion of production capacity [4][5]. - The demand for high-dispersion silica, particularly in green tires, is expected to rise due to the automotive industry's growth and the trend towards sustainable production [4][5]. - The company is actively expanding its global footprint and enhancing its technological capabilities to support high-end product development [4][5]. Summary by Sections 1. Leader in Precipitated Silica, High-End Transformation Growth Expected - The company is the largest producer of precipitated silica in China and one of the largest globally, with a complete industrial chain from raw materials to final products [15][16]. - The company has maintained a compound annual growth rate (CAGR) of approximately 11.03% in revenue and 11.21% in net profit from 2019 to 2023, with a significant increase in net profit expected in 2024 [26][28]. 2. Green Tires on the Rise, Precipitated Silica Industry Prosperity Continues - The demand for precipitated silica is expected to grow, particularly in the tire industry, where it can replace carbon black and reduce rolling resistance by about 30% [4][54]. - The company is well-positioned to benefit from the ongoing trend of domestic substitution in the precipitated silica market, as the industry is expected to consolidate [41][43]. 3. Global Layout and Technological Leadership Support High-End Transformation - The company has a production capacity of 330,000 tons per year, with plans to increase capacity by an additional 100,000 tons through new projects [56][58]. - The company has established a strong technological platform, focusing on R&D to develop various high-end silica products, including those for oral care and biomass-derived silica [71][76]. 4. Profit Forecast and Investment Recommendations - The company is expected to achieve net profits of approximately 503 million, 613 million, and 711 million yuan for the years 2024, 2025, and 2026, respectively, with corresponding price-to-earnings ratios of 15x, 12x, and 10x [5][90]. - The report emphasizes the company's potential for growth driven by the expansion of high-value-added products and the successful implementation of new projects [5][90].

Investment Rating - The investment rating for the company is "Buy" and is maintained [3][6]. Core Views - The company reported a record high revenue of 1.63 billion yuan for the first three quarters of 2024, representing a year-on-year increase of 23.6%. The net profit attributable to shareholders reached 380 million yuan, up 24.3% year-on-year [3][4]. - In Q3 alone, the company achieved a revenue of 560 million yuan, a year-on-year increase of 19.1% and a quarter-on-quarter increase of 2.7%. The net profit for Q3 was 120 million yuan, reflecting a year-on-year increase of 3.7% but a quarter-on-quarter decrease of 15.8% [3][4]. - The company is the largest supplier of precipitated silica in Asia and the third largest globally. With the increasing green rate of tires worldwide and the release of its own production capacity, the company's performance is expected to experience rapid growth [4][6]. Summary by Sections Financial Performance - For the first three quarters of 2024, the company achieved a revenue of 1.63 billion yuan and a net profit of 380 million yuan, with a significant increase in net profit margin [3][4]. - In Q3, the company produced 93,000 tons of silica, a year-on-year increase of 15.1%, and sold 91,000 tons, up 13.4% year-on-year [4][5]. Production Capacity and Expansion - The company has a current silica production capacity of 330,000 tons per year, with ongoing projects expected to add 75,000 tons per year by the end of 2024 [5][6]. - The company is advancing towards green and high-end product development, including the use of biomass as a fuel alternative [5][6]. Future Outlook - The company anticipates net profits of 500 million yuan, 620 million yuan, and 730 million yuan for the years 2024, 2025, and 2026, respectively [6][10].

确成硅化学股份有限公司 投资者关系活动记录表 | --- | --- | --- | |------------|--------------------------------|------------------------------------------------------------| | | √ | 特定对象调研 √分析师会议 □媒体采访 | | 投资者关系 | √ | 业绩说明会 □新闻发布会 □路演活动 | | 活动类别 | □ 现场参观 □一对一沟通 □其他 | | | 接待时间 | 2024 年 10 月 | | | 接待地点 | 电话会议、分析师会议 | | | 接待人员 | 董事会秘书兼财务总监王今 | | | | | 建信养老、中信证券、中信建投、银万斯特、森锦投资、大成基 | | | | 金、朱雀投资、长江证券、聚鸣投资、信复创值投资、淳厚基金、 | | | | 景顺长城、博时基金、浦银安盛、尚诚资产、纳轩私募、懿德财 | | 接待对象 | | 富、信达证券、度势投资、峰境基金、建信基金、东方基金、华泰 | | | | 保险、领秀投资、泊通投资、朋元资产、中兴威投资、方物私募 ...

Investment Rating - The investment rating for the company is "Buy" (maintained) [1][8][11] Core Views - The company's silica production and sales volume increased slightly quarter-on-quarter, with third-quarter net profit showing a slight year-on-year increase [1][6] - The company has successfully developed a technology that uses biomass (rice husk) instead of natural gas as fuel, which enhances its product competitiveness internationally [6][8] - The company reported a revenue of 1.63 billion yuan for the first three quarters of 2024, a year-on-year increase of 23.57%, and a net profit of 379 million yuan, up 24.34% year-on-year [4][5] Financial Performance Summary - In Q3 2024, the company achieved a revenue of 563 million yuan, a year-on-year increase of 19.15% and a quarter-on-quarter increase of 2.69% [5] - The net profit for Q3 2024 was 117 million yuan, reflecting a year-on-year increase of 3.65% but a quarter-on-quarter decrease of 15.81% [5] - The average price of silica products increased by 0.92% compared to the previous quarter and by 5.19% compared to the same period last year [3][4] Earnings Forecast - The company is expected to achieve revenues of 2.25 billion yuan, 2.74 billion yuan, and 2.98 billion yuan for the years 2024, 2025, and 2026 respectively, with corresponding net profits of 515 million yuan, 612 million yuan, and 689 million yuan [8][9][11] - The projected P/E ratios for 2024, 2025, and 2026 are 14, 11, and 10 respectively, indicating a favorable valuation based on the company's technological advantages [8][9]

投资者可于 2024 年 11 月 13 日(星期三) 至 11 月 19 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 ir@quechen.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。 证券代码：605183 证券简称：确成股份 公告编号：2024-057 确成硅化学股份有限公司 关于召开 2024 年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 20 日(星期三) 下午 14:00-15:00 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/） 会议召开方式：上证路演中心网络互动 （二）投资者可于 2024 年 11 月 13 日(星期三) 至 11 月 19 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 （ht ...

证券代码：605183 证券简称：确成股份 公告编号：2024-059 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。 确成硅化学股份有限公司（以下简称"公司"）于 2023 年 12 月 18 日召 开第四届董事会第十三次会议、并于 2024 年 4 月 11 日召开 2024 年第一次 临时股东大会审议通过了《关于修订<公司章程>部分条款并办理工商变更的议 案》。具体内容详见公司于 2023 年 12 月 19 日在上海证券交易所网站 （www.sse.com.cn）披露的《关于修订<公司章程>部分条款及相关制度的公告》 （公告编号：2023-076）。 关于完成工商变更登记并换发营业执照的公告 公司于 2024 年 8 月 22 日召开第四届董事会第十九次会议、并于 2024 年 9 月 10 日召开 2024 年第二次临时股东会审议通过了《关于变更注册资 本、修订<公司章程>及利润分配政策相关条款的议案》。具体内容详见公司于 2024 年 8 月 23 日在上海证券交易所网站（www.sse.com.cn）披露的《关于 ...

证券代码：605183 证券简称：确成股份 公告编号：2024-058 确成硅化学股份有限公司 确成硅化学股份有限公司董事会 2024 年 10 月 31 日 关于更换保荐代表人的公告 附件：王志丹先生简历 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。 王志丹先生：保荐代表人，硕士研究生学历，现任中信建投证券投资银行 业务管理委员会总监，曾主持或参与的项目有：世名科技 IPO、品渥食品 IPO、帝奥微科创板 IPO、锐芯微电子科创板 IPO、航天通信非公开发行、外高 桥非公开发行、模塑科技非公开发行、华西股份非公开发行、长海股份非公开 发行、长海股份重大资产重组、天银机电重大资产重组、哈工智能重大资产重 组、隆盛科技重大资产重组、紫金银行可转债、长海股份可转债等项目。 确成硅化学股份有限公司（以下简称"公司"）于 2024 年 10 月 29 日收 到中信建投证券股份有限公司（以下简称"中信建投"）出具的《关于变更确成 硅化学股份有限公司首次公开发行股票并上市持续督导保荐代表人的函》。 中信建投作为公司首次公开发行股票并在主 ...

证券研究报告 | 公司动态点评 2024 年 10 月 28 日 确成股份（605183.SH） 公司业绩同比向好，看好公司产业链延伸 | --- | --- | --- | --- | --- | --- | --- | --- | |----------------------|-------|-------|-------|-------|-------|-------------------------------------|----------| | 财务指标 | 2022A | 2023A | 2024E | 2025E | 2026E | 买入（维持评级） | | | 营业收入（百万元） | 1,746 | 1,810 | 2,186 | 2,474 | 2,779 | 股票信息 | | | 增长率 yoy （ % ） | 16.2 | 3.7 | 20.8 | 13.2 | 12.3 | | | | 归母净利润（百万元） | 380 | 413 | 526 | 616 | 719 | 行业 | 基础化工 | | 增长率 yoy （ % ） | 26.8 | 8.4 | 27.6 | 17.1 ...

电话会议任何内容进行泄露或外发请勿以任何方式索要、泄露、散布、转发电话会议纪要任何泄露电话会议纪要等信息的行为均为侵权行为申望洪源研究保留追究泄露转发者法律责任的权利 好的各位领导大家下午好欢迎参加确诊股份三级报的电话交流公司也是在昨天公告了整个三级度的经营情况整体前三级度的话整个收入和盈利都是实现了同比24%左右的增长 然后整个单三季度的话包括像二氧化硅整体的一个采交量也仍然是连续几个季度的一个创新高的一个状态包括单季度的一个收入和盈利也是呈现一个同比的一个提升所以今天我们也是非常有幸邀请到公司的董秘王总然后来为大家就整个三季度包括后面的一些展望吧就给各位领导做一个这个沟通和交流然后后面的话如果各位领导有任何的问题可以再做后续的这个提问 那王总要不就先麻烦您好的感谢文奇感谢声万红颜化工各位领导下午好今天非常有幸能够借此机会给大家做一个关于确诊股份三季报的一个业绩说明下面我大概介绍一下三季度的一些情况以及一到九月份的一些情况大家可以看到首先我着重讲的几个方面 大部分的内容反正都已经公告了我着重讲两个方面第一个方面是量的问题其实大家可以看到我们的营收各种方面同比都是增长的包括我们的量从我们去年从2023年的一季 ...