证券代码：688231 证券简称：隆达股份 公告编号：2025-034 江苏隆达超合金股份有限公司 江苏隆达超合金股份有限公司董事会 关于归还暂时补充流动资金的闲置募集资金的公告 2025 年 8 月 19 日 根据上述决议，公司在规定期限内实际使用了不超过 2 亿元（含本数）闲置 募集资金暂时补充流动资金，并对资金进行了合理的安排与使用，资金运用情况 良好，未影响募集资金投资项目建设的正常进行。 截至本公告披露日，公司已将上述暂时补充流动资金的闲置募集资金全部归 还至公司募集资金专用账户，并将上述募集资金的归还情况通知了保荐机构及保 荐代表人。 特此公告。 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。 江苏隆达超合金股份有限公司（以下简称"公司"）于 2024 年 8 月 26 日召开 了公司第二届董事会第八次会议、第二届监事会第五次会议，审议通过了《关于 使用部分闲置募集资金暂时补充流动资金的议案》，同意在保证募集资金项目建 设的资金需求和正常进行的前提下，公司拟使用不超过 2 亿元（含本数）的闲置 募集资金暂时补 ...

Investment Rating - The report gives an "Accumulate" rating for the company [4]. Core Views - The company is a rising star in the domestic high-temperature alloy sector, driven by increasing demand from the aerospace and gas turbine industries [2][4]. - The company focuses on high-temperature alloys and alloy materials, with a diverse range of products including cast and deformed high-temperature alloys and alloy pipes [2][4]. - The company is expected to achieve revenue and net profit growth in 2024, with revenue of 1.391 billion yuan and net profit of 66 million yuan, representing year-on-year growth of 15.22% and 19.38% respectively [2][4]. Summary by Sections Company Overview - The company specializes in high-temperature alloys and alloy materials, with products that cover military and civilian applications [2][4]. - The company aims to become a world-class high-temperature alloy manufacturer, having established production lines for both cast and deformed high-temperature alloys [19][20]. Market Demand - The demand for high-temperature alloys is expected to rise due to the growth in the aerospace engine and gas turbine markets, with global civil aviation showing promising prospects [2][40]. - The company is well-positioned to benefit from the restructuring of supply chains by overseas aerospace manufacturers, which presents opportunities for domestic suppliers [52]. Financial Projections - The company is projected to achieve revenues of 1.759 billion yuan in 2025, 2.209 billion yuan in 2026, and 2.736 billion yuan in 2027, with corresponding net profits of 115 million yuan, 173 million yuan, and 247 million yuan [3][14]. - The expected earnings per share (EPS) for 2025, 2026, and 2027 are 0.47 yuan, 0.70 yuan, and 1.00 yuan respectively [14]. International Expansion - The company is actively expanding its international customer base and has signed long-term agreements with several overseas clients, enhancing its global supply chain presence [2][30]. - The overseas revenue is expected to significantly contribute to the company's growth, with a projected increase of 128.69% in 2024 [30]. Product Segmentation - The company's revenue from high-temperature alloys and alloy pipes is expected to reach 959 million yuan and 346 million yuan respectively in 2024, with year-on-year growth of 18.97% and 15.97% [24]. - The aerospace sector is the core application area for the company's products, with significant revenue contributions from aerospace, gas turbines, and automotive sectors [28].

Group 1 - The aviation engine sector saw a rise of 3.47%, ranking fifth among concept sectors, with 87 stocks increasing, including Aileda which hit the daily limit up by 20% [1] - Notable gainers in the aviation engine sector included Shanhua Intelligent (up 10.01%), Xiangya Technology (up 11.19%), and Xiling Power (up 8.47%) [1][7] - The sector experienced a net inflow of 1.975 billion yuan, with 48 stocks receiving net inflows, and six stocks exceeding 100 million yuan in net inflow, led by Shanhua Intelligent with 494 million yuan [2][3] Group 2 - The top three stocks by net inflow ratio were Xiguang Electronics (23.75%), Aileda (22.99%), and Shanhua Intelligent (20.94%) [3] - The aviation engine concept sector was among the top gainers, alongside military restructuring and military-civilian integration concepts, which rose by 5.68% and 3.53% respectively [2] - The overall market performance showed a mixed trend, with some sectors like dairy and animal vaccines experiencing declines of -0.46% and -0.39% respectively [2]

Market Performance - The metal new materials sector increased by 1.18% on August 4, with Jiangnan New Materials leading the gains [1] - The Shanghai Composite Index closed at 3583.31, up 0.66%, while the Shenzhen Component Index closed at 11041.56, up 0.46% [1] Stock Highlights - Jiangnan New Materials (603124) closed at 59.96, up 10.00%, with a trading volume of 61,200 lots and a transaction value of 365 million [1] - Longda Co., Ltd. (688231) rose by 7.24% to 21.02, with a trading volume of 84,500 lots and a transaction value of 173 million [1] - Tunan Co., Ltd. (300855) increased by 6.80% to 26.70, with a trading volume of 161,100 lots and a transaction value of 425 million [1] Fund Flow Analysis - The metal new materials sector saw a net inflow of 143 million from institutional investors, while retail investors experienced a net outflow of 118 million [2] - Major stocks like Jiangnan New Materials had a net inflow of 148 million from institutional investors, accounting for 40.71% of the total [3] - Retail investors showed a net outflow of 55.31 million from Jiangnan New Materials, representing a 15.18% decrease [3]

每经AI快讯，隆达股份（SH 688231，最新价：20.24元）8月1日晚间发布公告称，公司第二届第十四次 董事会会议于2025年8月1日在公司会议室以现场结合通讯方式召开。会议审议了《关于公司为下属全资 子公司提供担保的议案》等文件。 2024年1至12月份，隆达股份的营业收入构成为：航空航天占比31.24%，其他占比29.15%，燃机占比 19.18%，汽车涡轮占比7.21%，油气化工占比7.06%，其他业务占比6.16%。 每经头条（nbdtoutiao）——"我们也深陷残酷价格战"！德资巨头中国区高管警告：智驾绝不能免费， 否则会给全行业带来灾难 （记者 王瀚黎） ...

Group 1 - The company held its 14th meeting of the second board of directors on August 1, 2025, where all 9 directors participated and the meeting was deemed legally valid [2][4] - The board approved the use of up to RMB 600 million of temporarily idle raised funds for cash management, ensuring the safety of the funds and that it does not affect the construction and use of the fundraising projects [3][18] - The cash management will involve purchasing safe, liquid, and principal-protected financial products, with a usage period of 12 months from the date of approval [24][28] Group 2 - The company also approved a guarantee of up to RMB 120 million for its wholly-owned subsidiary, SINGDA SUPERALLOY (MALAYSIA) SDN. BHD., to fulfill its obligations under a sales contract with SUMEC International Technology Co., Ltd. [5][39] - The guarantee period will last for three years from the fulfillment of the main contract obligations, and the company has sufficient control over the subsidiary's operations and credit status [42][43] - The board and supervisory committee confirmed that the guarantee does not harm the interests of the company or its shareholders [44][46]

Group 1 - The board of directors of Jiangsu Longda Superalloy Co., Ltd. held its 14th meeting of the second session on August 1, 2025, with all 9 directors participating in the voting [1][2] - The board approved the proposal to use part of the temporarily idle raised funds for cash management, allowing up to RMB 600 million to be used within 12 months, ensuring the safety of the funds and not affecting the project construction [1][3] - The board also approved a guarantee for its wholly-owned subsidiary, SINGDA SUPERALLOY (MALAYSIA) SDN. BHD., providing a guarantee of up to RMB 120 million for debts under a sales contract, with a guarantee period of three years from the debt fulfillment date [3]

Group 1 - The supervisory board of Jiangsu Longda Superalloy Co., Ltd. held its tenth meeting, which was legally convened and attended by all three supervisors [1][2] - The board approved the proposal to use part of the temporarily idle raised funds for cash management, aiming to improve the efficiency of fund utilization and generate certain returns without harming the interests of the company and shareholders [1][2] - The board also approved the proposal for the company to provide guarantees for its wholly-owned subsidiary, New Da Malaysia Company, based on actual business needs, ensuring that the company can effectively control risks and monitor the subsidiary's credit status [2]

证券代码：688231 证券简称：隆达股份 公告编号：2025-033 江苏隆达超合金股份有限公司 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： ? 担保对象及基本情况 Singda Superalloy (Malaysia) 被担保人名称 Sdn. Bhd. 本次担保金额 12,000 万元 担保对 象 实际为其提供的担保余额 0 万元 是否在前期预计额度内 □是 ?否 □不适用：_________ 本次担保是否有反担保 □是 ?否 □不适用：_________ ? 累计担保情况 对外担保逾期的累计金额（万元） 0 截至本公告日上市公司及其控股 子公司对外担保总额（万元） 对外担保总额占上市公司最近一 期经审计净资产的比例（%） □对外担保总额超过最近一期经审计净资产 □担保金额超过上市公司最近一期经审计净 特别风险提示（如有请勾选） 资产 50% □对合并报表外单位担保金额达到或超过最 近一期经审计净资产 30%的情况下 □对资产负债率超过 70%的单位提供担保 其他风险提示（如有） 无 一、担保情况概述 ...

Core Viewpoint - Jiangsu Longda Superalloy Co., Ltd. plans to use part of its temporarily idle raised funds for cash management, with a limit of up to RMB 600 million, ensuring the safety of the funds and not affecting the construction and use of the fundraising projects [1][2][9] Fundraising Basic Situation - The company raised a total of RMB 2,411,794,296.88 from its initial public offering, with a net amount of RMB 2,201,271,584.45 after deducting issuance costs [2] - The funds are stored in a special account to ensure proper management and protection of investor rights [2] Fundraising Investment Project Situation - The main investment project involves a technical transformation project to increase the annual production capacity of aviation-grade high-temperature alloys by 10,000 tons, with a total investment of RMB 100,016.77 million [3] - The project scale was adjusted from an original design capacity of 6,000 tons to 3,000 tons, with the revised fundraising usage amounting to RMB 80,176.88 million [5] Cash Management Basic Situation - The purpose of cash management is to improve the efficiency and returns of the temporarily idle funds while ensuring safety and not affecting project construction [5] - The cash management will involve purchasing high-security, high-liquidity financial products, with a maximum investment period of 12 months [5][6] Implementation and Disclosure - The board of directors authorized the management to handle related matters, with the finance department responsible for implementation [6] - The company will comply with relevant regulations for timely information disclosure regarding cash management activities [6] Impact on Daily Operations - The planned cash management will not affect the normal operations of the company or the ongoing fundraising investment projects, and it aims to enhance returns for the company and its shareholders [6][9] Opinions from Supervisory and Sponsoring Institutions - The supervisory board and sponsoring institutions have expressed their agreement with the cash management plan, confirming that it complies with legal requirements and does not harm the interests of shareholders [8][9]