证券代码：688102 证券简称：斯瑞新材 编号：2024-025 特定对象调研 分析师会议 媒体采访 业绩说明会 投资者关系 新闻发布会 路演活动 活动类别 现场参观 其他（请文字说明其他活动内容） 形式 现场 网上 电话会议 时间 2024 年 11 月 26 日 地点 公司会议室 董事、董事会秘书：徐润升 上市公司接 待人员姓名 董事会办公室主任：马治 投资者关系 1、火箭发动机推力室内壁国内的竞争对手、技术壁垒有哪些？ 答：卫星发射是火箭的主要应用场景，推力室内壁是火箭发动机的重要 活动主要内 组成部分，随着频繁的航天发射活动，该产品需求量也随之越来越多。对于 推力室内壁产品而言，具有市场准入条件高、工艺技术成熟、质量性能可 陕西斯瑞新材料股份有限公司 投资者关系活动记录表 | --- | --- | --- | --- | |------------|-------|----------|--------------| | | 序号 | 机构名称 | 姓名 | | | 1 | 东方财富 | 程文祥 | | 参与单位名 | 2 | 茂典资产 | 杨宇豪 | | 称及人员姓 | 3 | 兴证资管 | 陶 ...

证券代码：688102 证券简称：斯瑞新材 陕西斯瑞新材料股份有限公司 投资者关系活动记录表 （2024 年第三季度业绩说明会） 编号：2024-024 | --- | --- | --- | --- | --- | |-------------------------|---------------------------------------------------------------|-----------------------------------------------------------------------------------------------------------------------|-------|-------| | | | | | | | | 特定对象调研 | 分析师会议 | | | | | 媒体采访 | 业绩说明会 | | | | 投资者关系 活动类别 | 新闻发布会 | 路演活动 | | | | | 现场参观 | | | | | | | 其他（请文字说明其他活动内容） | | | | 形式 | 现场 网上 电话会议 | | | | | 参与单位名称 及 ...

证券代码：688102 证券简称：斯瑞新材 陕西斯瑞新材料股份有限公司 投资者关系活动记录表 编号：2024-023 | --- | --- | --- | --- | --- | |-----------------------|---------------------------------------------|-------------------------------------------------------------|-------|---------------------------------------------------------------------------------------------------------------------------------------| | | | | | | | | 特定对象调研 | 分析师会议 | | | | | 媒体采访 | 业绩说明会 | | | | 投资者关系 活动类别 | 新闻发布会 | 路演活动 | | | | | 现场参观 | | | | | | | 其他（请文字说明其他活动内容） | | | | 形式 ...

证券代码：688102 证券简称：斯瑞新材 陕西斯瑞新材料股份有限公司 投资者关系活动记录表 编号：2024-022 | --- | --- | --- | --- | --- | |-----------------------|----------------------------------------------------------------|----------------------------------------------------------------|------------------------------------------------------------|----------------------------------------------------------------------------------------------------| | | | | | | | | 特定对象调研 | 分析师会议 | | | | | 媒体采访 | 业绩说明会 | | | | 投资者关系活 动类别 | 新闻发布会 | 路演活动 | | | | | 现场参观 ...

商业航天+光模块基座/壳体+CT和DR球管零组件，这家公司携手蓝箭航天扩大设备产能，打造从材料 到制品的"全工艺链能力"，未来规划实现年产超1000套火箭发动机推力室内壁、外壁等零组件，CT、 DR球管零组件和光模块业务同步放量。 斯瑞新材（688102）精要： ①我国商业航天市场规模保持高速增长，公司已建成100套火箭发动机推力室内壁材料、零组件产能， 并计划进入量产阶段，公司未来规划实现年产1100套火箭发动机推力室内壁、外壁等零组件； ②国内数据中心应用增长，5G建设拉动国内电信用光模块需求。公司规划2029年达到年产2千万套光 模块基座、1千万套光模块壳体的生产能力； ③铬是高端高温合金的主要原材料，每1万吨高端高温合金约需要高纯铬2千吨，且高端高温合金将助 力公司航天领域产品增长。2023年公司高纯铬产能1000吨，公司规划将产能扩充至2千吨； ④国海证券李永磊预计公司2024-2026年归母净利润分别1.24/1.55/1.99亿元，同比增长 26%/26%/28%，对应PE为57/46/36倍； ⑤风险提示：技术未能形成产品或实现产业化风险。 商业航天+光模块基座/壳体+CT和DR球管零组件，这 ...

2024 年 11 月 06 日 公司研究 评级：买入(维持) 研究所： 证券分析师： 李永磊 S0350521080004 liyl03@ghzq.com.cn 证券分析师： 董伯骏 S0350521080009 dongbj@ghzq.com.cn 证券分析师： 陈云 S0350524070001 cheny17@ghzq.com.cn [Table_Title] 多领域持续驱动，三季度业绩同比提升 ——斯瑞新材（688102）科创板公司动态研究 最近一年走势 多领域持续驱动，三季度业绩同比提升 2024Q3，公司实现营业收入 3.40 亿元，同比+10.08%，环比+1.04%；实 现归母净利润为 0.22 亿元，同比+41.23%，环比-28.82%；扣非后归母净 利润 0.21 亿元，同比+38.83%，环比-29.80%；经营活动现金流净额为+0.30 亿元。销售毛利率为 21.54%，同比上升 1.52 个 pct，环比下降 2.79 个 pct。销售净利率为 6.77%，同比上升 1.39 个 pct，环比下降 2.58 个 pct。 磊，董伯骏》——2024-01-28 投资要点: 相对沪深 ...

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厦中航证券有限公司 公司网址:www.avicsec.com 联系电话:010-59219558 传真:010-59562637 2024年10月30日 证券研究报告|公司研究|公司点评 | --- | --- | --- | |-------------------------------------------------------------------------|------------------------------------------------------|------------| | | | | | 斯瑞新材 (688102) | 投资评级 | 买入 | | 2024Q3 点评:多条线稳健成长,定增助力产能扩张 | 2024年 10月 30 日 | 维持评级 | | 业绩概要：公司 2024 年前三季度实现营业收入 9.64亿元(同比+11.0%),实 | 收盘价(元): | 9.02 | | 现归母净利润 7827 万元（同比+14.4%）, 扣非后归母净利润为 7201 万元（同 | | | | 比+30.3%）,对应基本 EPS 为 0.11元。其中, 公司 Q3 实现营收 ...

电力电子及自动化 斯瑞新材（688102.SH） 买入-B(维持) Q3 利润同比增长，商业航天持续发力 2024 年 10 月 31 日 公司研究/公司快报 公司近一年市场表现 资料来源：最闻 营收与利润同比双增加。公司积极开拓国际市场，出口收入明显增长， 销售结构不断优化。单季度来看，公司 Q3 实现营收 3.40 亿元，同比增加 10.08%，环比增加 1.04%；实现归母净利润 2233.25 万元，同比增加 41.30%， 市场数据：2024 年 10 月 30 日 环比减少 28.82%；基本每股收益为 0.03 元。 收盘价（元）： 9.02 李旋坤 执业登记编码：S0760523110004 邮箱：lixuankun@sxzq.com 预计 2024-2026 年归母净利润分别为 1.20/1.51/2.05 亿元，EPS 分别为 0.16/ 0.21/ 0.28，对应公司 10 月 29 日收盘价 9.18 元，2024-2026 年 PE 分别 为 55.7/ 44.1/ 32.5，维持"买入-B"评级。 刘聪颖 邮箱：liucongying@sxzq.com 事件描述 1）公司发布 20 ...

Financial Performance - Revenue for the third quarter increased by 10.08% year-over-year to RMB 340.29 million[4] - Net profit attributable to shareholders rose by 41.23% year-over-year to RMB 22.33 million[4] - Basic earnings per share increased by 41.94% year-over-year to RMB 0.0308[4] - Weighted average return on equity (ROE) increased by 0.56 percentage points to 2.11%[5] - Total revenue for the first three quarters of 2024 reached 964,308,079.11 RMB, up 11.0% compared to 868,879,728.95 RMB in the same period of 2023[16] - Net profit for the first three quarters of 2024 was 79,254,637.53 RMB, a 15.8% increase from 68,417,388.26 RMB in the same period of 2023[18] - Operating profit for the first three quarters of 2024 was 90,472,460.45 RMB, a 16.9% increase from 77,403,712.28 RMB in the same period of 2023[18] - Net profit attributable to minority shareholders was RMB 986,444.71, a decrease of RMB 25,774.10 compared to the previous period[20] - Other comprehensive income after tax amounted to RMB 3,178,580.72, with RMB 202,555.00 attributable to minority shareholders[20] - Total comprehensive income for the period was RMB 82,433,218.25, with RMB 68,619,943.26 attributable to minority shareholders[20] - Basic and diluted earnings per share were RMB 0.1079 and RMB 0.0940, respectively[20] R&D and Investment - R&D investment increased by 19.39% year-over-year to RMB 18.22 million, accounting for 5.35% of total revenue[5] - R&D expenses rose to 50,653,936.14 RMB, a 26.3% increase from 40,093,642.40 RMB in the same period of 2023[18] - The company attributed profit growth to international market expansion, optimized sales structure, and increased R&D investment[8] - New business directions such as commercial aerospace are contributing to rapid growth and profitability[8] Assets and Liabilities - Total assets grew by 17.08% compared to the end of the previous year, reaching RMB 2.01 billion[5] - Total assets increased to 2,008,227,844.77 RMB from 1,715,330,827.82 RMB, reflecting a growth of 17.1%[14] - Total non-current assets rose to 1,224,079,974.77 RMB, a 22.5% increase from 998,899,519.37 RMB in the previous period[14] - Long-term borrowings surged to 301,304,133.89 RMB, a 147.0% increase from 121,991,947.91 RMB in the previous period[14] - Short-term borrowings increased to 252,196,710.18 RMB, up 57.2% from 160,421,185.52 RMB in the previous period[14] - Total liabilities grew to 891,959,231.32 RMB, a 42.8% increase from 624,727,842.68 RMB in the previous period[15] - Shareholders' equity increased to 1,116,268,613.45 RMB, up 2.4% from 1,090,602,985.14 RMB in the previous period[15] Cash Flow - Operating cash flow for the year-to-date decreased by 23.98% year-over-year to RMB 34.20 million[4] - Cash received from sales of goods and services was RMB 848,970,543.18, an increase from RMB 794,013,902.35 in the same period last year[21] - Net cash flow from operating activities was RMB 34,196,301.21, a decrease from RMB 44,983,099.75 in the previous year[21] - Net cash flow from investing activities was negative RMB 256,508,062.61, compared to negative RMB 154,647,261.20 in the same period last year[22] - Net cash flow from financing activities was RMB 196,157,248.72, a significant increase from RMB 56,998,089.39 in the previous year[22] - The company's cash and cash equivalents at the end of the period were RMB 97,580,889.11, a decrease from RMB 123,881,640.89 at the beginning of the period[22] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period is 8,108[9] - Wang Wenbin holds 293,687,554 shares, accounting for 40.38% of the total shares[10] - Sheng Qingyi holds 64,633,733 shares, accounting for 8.89% of the total shares[10] - Shenzhen Liran Technology Development Co., Ltd. holds 42,076,880 shares, accounting for 5.79% of the total shares[10] - Li Gang holds 26,000,000 shares, accounting for 3.57% of the total shares[10] - Wang Wangang holds 13,125,265 shares, accounting for 1.80% of the total shares[10] - Wu Xuhong holds 10,870,363 shares, accounting for 1.49% of the total shares[10] - Shanghai Xingfu Venture Capital Management Center (Limited Partnership) holds 10,159,572 shares, accounting for 1.40% of the total shares[10] - Li Yuanyuan holds 9,454,873 shares, accounting for 1.30% of the total shares[10] Monetary Funds - The company's monetary funds as of September 30, 2024, amounted to RMB 97,874,644.11, a decrease from RMB 126,512,980.89 at the end of 2023[12] Non-Recurring Items - Non-recurring gains and losses amounted to RMB 1.41 million for the quarter[7]