杭州华旺新材料科技股份有限公司 杭州华旺新材料科技股份有限公司 第四届董事会独立董事专门会议 2024 年第二次会议审核意见 根据《上海证券交易所股票上市规则》《上市公司独立董事管理办法》等法 律、法规、规范性文件及《杭州华旺新材料科技股份有限公司章程》（以下简称 《公司章程》）等有关规定，杭州华旺新材料科技股份有限公司（以下简称"公 司"）的独立董事于2024年12月23日以通讯方式召开了公司独立董事专门会议 2024年第二次会议，本次会议应到独立董事3人，实到独立董事3人，过半数独立 董事共同推举邵天英女士为专门会议召集人及主持人，会议召开符合有关法律、 法规、规章和《公司章程》的规定。经与会独立董事审查相关文件，发表审核意 见如下： 一、《关于增加 2024 年度日常关联交易预计额度的议案》的审核意见 经审查,我们认为：公司本次增加 2024 年度日常关联交易事项是正常的业务 需要，各项关联交易均按照公允的定价方式执行，不存在损害公司和全体股东利 益的情形，不会对公司独立性产生影响。因此，我们一致同意本次关联交易事项， 并同意将该议案提交公司董事会审议。 三、《关于 2025 年度开展期货和外汇套期保值 ...

证券代码：605377 证券简称：华旺科技 公告编号：2024-073 杭州华旺新材料科技股份有限公司 关于增加 2024 年度日常关联交易预计额度的公告 1 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： 本次增加日常关联交易事项无需提交公司股东大会审议。 杭州华旺新材料科技股份有限公司（以下简称"公司"）本次增加日常 关联交易均是公司正常生产经营所必需，定价公允、结算时间与方式合理，不损 害公司及中小股东的利益。公司选择的合作关联方均具备良好商业信誉和财务状 况，可降低公司的经营风险，有利于公司正常业务的持续开展，公司主要业务不 会因此形成对关联方的依赖，不影响公司的独立性。 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 公司于 2024 年 4 月 26 日、2024 年 5 月 20 日分别召开了第四届董事会第 三次会议、第四届监事会第三次会议以及 2023 年年度股东大会，审议通过了 《关于预计 2024 年度日常关联交易的议案》。 2024 年 12 月 23 日，公司召开第四届董事会 ...

证券代码：605377 证券简称：华旺科技 公告编号：2024-080 杭州华旺新材料科技股份有限公司 关于变更部分回购股份用途并注销的公告 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： 截至 2023 年 1 月 17 日，公司本次回购期限届满，已实际回购公司股份 3,126,840 股，占公司当时总股本的 0.9411%，回购最高价格 20.71 元/股，回购最 低价格 16.55 元/股，回购均价 18.29 元/股，使用资金总额 57,174,856.50 元（不 含交易费用）。具体内容详见公司于 2023 年 1 月 18 日在上海证券交易所网站 （www.sse.com.cn）披露的《杭州华旺新材料科技股份有限公司关于回购股份期 限届满暨回购完成的公告》（公告编号：2023-004）。 二、回购股份使用情况 公司于 2024 年 4 月 19 日召开第四届董事会第二次会议、第四届监事会第二 次会议，并于 2024 年 5 月 6 日召开 2024 年第二次临时股东大会，审议通过了 《关于公司<20 ...

证券代码：605377 证券简称：华旺科技 公告编号：2024-081 一、 注册资本变更情况 2024 年 12 月 23 日，公司召开第四届董事会第八次会议，审议通过《关于 变更部分回购股份用途并注销的议案》，公司拟将已回购股份中尚未使用的 813,040 股股份用途进行变更，由原方案"用于股权激励或员工持股计划"变更 为"用于注销并减少注册资本"，即公司拟对回购专用证券账户中的 813,040 股 股份股进行注销并相应减少注册资本。回购股份注销完成后，公司总股本将由 464,704,930 股减少至 463,891,890 股，公司注册资本因此由 464,704,930 元减少 至 463,891,890 元。 杭州华旺新材料科技股份有限公司 关于减少注册资本并修订《公司章程》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。 二、《杭州华旺新材料科技股份有限公司章程》（以下简称《公司章程》） 修订情况 杭州华旺新材料科技股份有限公司（以下简称"公司"）于 2024 年 12 月 23 日召开第四届董事会第八次会议审 ...

证券代码：605377 证券简称：华旺科技 公告编号：2024-076 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： 交易目的：杭州华旺新材料科技股份有限公司（以下简称"公司"）及 合并报表范围内子公司为了降低原材料价格、汇率大幅波动对公司经营业绩的影 响，提升公司整体抵御风险能力，增强公司财务稳健性，公司及合并范围内的子 公司拟开展期货和外汇套期保值业务。 交易品种：期货套期保值业务交易品种仅限于与公司生产经营相关的原 材料纸浆期货品种；外汇套期保值业务交易品种为外汇汇率和外汇利率，包括但 不限于美元、欧元等币种。 交易工具：期货合约、外汇远期、外汇期权、外汇掉期、利率远期、利 率互换等外汇衍生品及其组合。 交易场所：期货套期保值交易的场所为上海期货交易所；外汇套期保值 交易场所为经国家外汇管理总局和中国人民银行批准、具有外汇套期保值业务经 营资格的金融机构。 交易金额：期货套期保值业务预计动用的保证金和权利交易上限（包括 为交易而提供的担保物价值、预计占用金融机构授信额度，为应急措施所预留保 证金等）不超 ...

证券代码：605377 证券简称：华旺科技 公告编号：2024-070 杭州华旺新材料科技股份有限公司董事集中竞价减 持股份计划公告 本公司董事会、全体董事及相关股东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： 董事、高级管理人员持股的基本情况 截至本公告披露日，杭州华旺新材料科技股份有限公司（以下简称"公司"） 董事、高级管理人员张延成先生持有公司股份 6,671,728 股，占公司总股本的 1.4357%。 集中竞价减持计划的主要内容 张延成先生计划自本公告披露之日起 15 个交易日后的 3 个月内（窗口期内 不得减持股份），通过上海证券交易所集中竞价交易方式减持公司股份不超过 1,600,000 股，即不超过公司总股本的 0.3443%；本次减持价格将根据减持时的市 场价格确定。若减持期间公司有送股、资本公积金转增股本、配股等股份变动事 项，将根据股本变动对减持数量进行相应调整。 | 张延成 | 董事、监事、 | 6,671,728 | 1.4357% | 前取得：3,142,020 股 IPO 其他方式取得：3,529,7 ...

Investment Rating - The report maintains a "Buy" rating for the company with a target price not specified [7] Core Views - The company is expected to see operational improvements in Q4 2024, with cost pressures easing and demand likely to recover due to the decline in prices of wood pulp and titanium dioxide [4] - The company is actively expanding its domestic and international market presence, focusing on high-margin products and enhancing competitiveness through quality improvement and brand building [5] - The earnings forecast has been adjusted downwards due to weak terminal demand, with expected net profits for 2024-2026 revised to 5.3 billion, 6.1 billion, and 7.3 billion respectively [6] Financial Data and Valuation - Revenue (in million) is projected to be 3,903.50 in 2024E, with a growth rate of -1.82% [9] - EBITDA (in million) is expected to be 706.57 in 2024E [9] - Net profit attributable to the parent company (in million) is forecasted at 534.03 for 2024E, reflecting a decrease of 5.66% [9] - Earnings per share (EPS) is projected to be 1.15 for 2024E [9] - The price-to-earnings (P/E) ratio is expected to be 10.54 for 2024E [9] - The price-to-book (P/B) ratio is projected at 1.20 for 2024E [9] - The enterprise value to EBITDA (EV/EBITDA) ratio is expected to be 4.78 for 2024E [9]

Investment Rating - The report maintains a "Buy" rating for the company with a target price of 14.64 yuan based on a 12x P/E valuation for 2024 [2][5][7] Core Views - The company reported a revenue of 2.851 billion yuan for the first three quarters of 2024, a year-on-year decrease of 4.45%, while the net profit attributable to the parent company was 409 million yuan, a year-on-year increase of 2.94% [1] - In Q3 2024, the company achieved a revenue of 905 million yuan, with year-on-year and quarter-on-quarter declines of 19.44% and 9.06% respectively, and a net profit of 106 million yuan, down 33.89% year-on-year and 31.51% quarter-on-quarter [1] - The decline in Q3 performance is attributed to product sales structure adjustments, lower average sales prices, high raw material costs, and reduced sales due to maintenance during high-temperature seasons [1] - The report anticipates a release of cost pressures in Q4 and a gradual recovery in demand supported by government policies, which may improve profitability [1] Financial Summary - The company’s projected net profits for 2024-2026 are 566 million, 597 million, and 643 million yuan respectively, with corresponding EPS of 1.22, 1.28, and 1.38 yuan [2][4][7] - Revenue projections for 2024-2026 are 3.991 billion, 4.666 billion, and 5.344 billion yuan, with growth rates of 0.4%, 16.9%, and 14.5% respectively [4][7] - The net profit margin is expected to stabilize around 14.2% for 2024, with a slight decrease to 12.8% and 12.0% in 2025 and 2026 respectively [4][7]

Financial Performance - The company's operating revenue for Q3 2024 was ¥904,550,709.19, a decrease of 19.44% compared to the same period last year[2] - The net profit attributable to shareholders for Q3 2024 was ¥106,372,889.03, down 33.89% year-on-year[2] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥100,009,835.93, a decline of 36.99% compared to the previous year[2] - Basic and diluted earnings per share for Q3 2024 were both ¥0.23, reflecting a decrease of 34.29% year-on-year[3] - Total operating revenue for the first three quarters of 2024 was CNY 2,851,105,671.98, a decrease of 4.4% compared to CNY 2,983,933,742.35 in the same period of 2023[13] - Net profit for the first three quarters of 2024 reached CNY 408,290,744.07, an increase of 3.5% compared to CNY 395,871,820.17 in the same period of 2023[16] - The company reported a total comprehensive income of CNY 408,235,001.67 for the first three quarters of 2024, compared to CNY 395,999,132.09 in the same period of 2023[16] Assets and Liabilities - Total assets at the end of the reporting period were ¥6,108,863,380.93, a decrease of 1.77% from the end of the previous year[3] - The equity attributable to shareholders was ¥3,900,285,267.91, down 2.73% from the previous year[3] - Total liabilities as of the end of the third quarter of 2024 were CNY 2,208,578,113.02, slightly up from CNY 2,203,901,589.27 at the end of the same period in 2023[12] - The total equity attributable to shareholders of the parent company was CNY 3,900,285,267.91, down from CNY 4,009,722,291.81 in the previous year[12] - Current liabilities totaled ¥2,131,053,547.37, slightly increasing from ¥2,126,417,860.88, showing a marginal rise of about 0.03%[11] Cash Flow - Operating cash inflow for the first nine months reached CNY 4,177,623,907.97, an increase of 22.9% compared to CNY 3,396,994,729.19 in the same period last year[17] - Net cash flow from operating activities was CNY 364,702,569.97, a significant recovery from a loss of CNY 44,400,548.07 in the previous year[17] - Cash outflow from investment activities totaled CNY 160,938,247.32, down from CNY 319,415,291.00 in the same period last year, resulting in a net cash flow from investment activities of -CNY 141,873,308.21[18] - Cash inflow from financing activities was CNY 522,414,610.74, compared to CNY 851,579,986.12 in the previous year, leading to a net cash flow from financing activities of -CNY 315,111,951.94[18] - The company's cash and cash equivalents at the end of the period stood at CNY 2,094,032,073.93, slightly down from CNY 2,094,240,498.32 at the end of the previous year[18] Operational Insights - The decline in net profit for the current period was primarily due to a decrease in the average selling price of certain products[6] - Accounts receivable increased significantly to ¥762,072,056.37 from ¥338,568,022.98, marking a growth of approximately 125.5%[10] - The company's inventory decreased to ¥754,896,738.70 from ¥978,783,443.00, reflecting a reduction of about 23%[10] - The company's long-term assets were reported at ¥1,445,859,473.84, a slight decrease from ¥1,460,445,672.44, representing a decline of approximately 1%[11] Research and Development - Research and development expenses for the first three quarters of 2024 totaled CNY 81,479,596.10, a decrease of 5.5% from CNY 86,056,529.89 in the previous year[15] Other Notable Information - The company has not reported any significant changes in shareholder structure or major shareholder activities during the reporting period[8] - There are no new product launches or technological advancements mentioned in the current report, indicating a potential area for future focus[9] - The company has not disclosed any plans for market expansion or mergers and acquisitions in the near term, suggesting a stable operational strategy for the upcoming quarters[9] - The company did not adopt new accounting standards for the current year, maintaining consistency in financial reporting[19]

证券代码：605377 证券简称：华旺科技 公告编号：2024-069 会议召开时间：2024 年 11 月 11 日(星期一)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： 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 11 月 4 日（星期一）至 11 月 8 日（星期五）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 hwkjdmb@huawon.cn 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。 杭州华旺新材料科技股份有限公司（以下简称"公司"）已于 2024 年 10 月 29 日发布公司 2024 年第三季度报告，为便于广大投资者更全面深入地了解公 司 2024 年第三季度经营成果、财务状况，公司计划于 2024 年 11 月 11 日上午 09:00-10:00 举行 2024 年第三季度业绩说明会，就投资者关心的问题进行交流。 一、说明会类型 本次投资者说明会以网络互动形式召开，公司将针对 2024 年第三季度的经 营成果及财 ...