民生证券股份有限公司 关于株洲欧科亿数控精密刀具股份有限公司 2024 年度持续 督导工作定期现场检查报告 民生证券股份有限公司（以下简称"民生证券"或"保荐机构"）作为株洲欧科 亿数控精密刀具股份有限公司（以下简称"欧科亿""上市公司"或"公司"）首次公 开发行股票和 2022 年度向特定对象发行股票的保荐人，根据中国证券监督管理 委员会《证券发行上市保荐业务管理办法》《上海证券交易所上市公司自律监管 指引第 11 号——持续督导》等有关法律法规和规范性文件的要求，于 2024 年 11 月 21 日至 2024 年 11 月 22 日对欧科亿进行了 2024 年度现场检查。现将检查 情况汇报如下： 一、本次现场检查的基本情况 （一）保荐机构 民生证券股份有限公司 （二）保荐代表人 宋彬、邢文彬 （三）现场检查时间 2024 年 11 月 21 日至 2024 年 11 月 22 日 （四）现场检查人员 宋彬、邢文彬 （五）现场检查内容 公司治理、内部控制，信息披露，独立性以及与控股股东、实际控制人及其 他关联方资金往来情况，募集资金使用，关联交易、对外担保、重大对外投资， 经营状况等。 （六）现场检查手段 ...

证券代码：688308 证券简称：欧科亿 公告编号：2024-041 株洲欧科亿数控精密刀具股份有限公司 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、准确性和完整性依法承担法律责任。 重要内容提示： 会议召开时间：2024 年 12 月 02 日(星期一) 上午 11:00-12:00 会议召开地点：上海证券交易所上证路演中心（网址：https://roadsh ow.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 25 日(星期一) 至 11 月 29 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 oke_info@oke-carbide.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。 株洲欧科亿数控精密刀具股份有限公司（以下简称"公司"）已于 2024 年 10 月 31 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 ...

证券代码：688308 证券简称：欧科亿 公告编号：2024-040 株洲欧科亿数控精密刀具股份有限公司 关于募集资金专户销户完成的公告 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、准确性和完整性依法承担法律责任。 株洲欧科亿数控精密刀具股份有限公司（以下简称"公司"）2022 年度向特 定对象发行股票募集资金按照相关法律、法规和规范性文件的规定在银行开立了 募集资金专用账户。鉴于公司 2022 年度向特定对象发行股票募投项目结项并将节 余募集资金永久补充流动资金，近日，公司办理完成了对募集资金专用账户的注 销手续，具体情况如下： 一、募集资金基本情况 根据中国证券监督管理委员会《关于同意株洲欧科亿数控精密刀具股份有限 公司向特定对象发行股票注册的批复》（证监许可[2022]1919 号），公司向特定 对象发行人民币普通股 A 股股票 12,616,306 股，每股面值 1 元，每股发行价格为 人民币 63.41 元，募集资金总额为人民币 799,999,963.46 元，扣除发行费用后， 募集资金净额为人民币 786,455,598.88 元。上述资 ...

Group 1: Overseas Sales and Market Expansion - The company has seen rapid growth in overseas sales, with revenue reaching 166 million yuan in the first three quarters, of which approximately 140 million yuan came from CNC tool exports, indicating a significant increase in both volume and price [2] - Plans to establish a subsidiary in Europe to expand into more countries and regions in the European and American markets, enhancing local market penetration and technical services [2] - The company aims to maintain growth momentum in both Asian and European markets while focusing on resource integration opportunities [2] Group 2: Product Development and Capacity Expansion - The company has released new products in the hard tool segment, with over 2,200 new varieties introduced in the first half of the year, targeting high-end applications in industries such as aerospace and precision molds [2] - The production capacity for hard tools is gradually being released, with a positive market order situation expected to further enhance business performance [2] Group 3: Channel Development and Customer Service - Establishment of service centers across various regions to strengthen terminal development and technical support, with an increase in application engineers to enhance on-site technical services [4] - The company employs a tiered channel management strategy to balance direct and distributor sales, enhancing overall market share and brand influence [4] Group 4: Comprehensive Solutions and Strategic Initiatives - The company is focusing on providing comprehensive solutions for global cutting processes, expanding application scenarios in automotive, aerospace, rail transportation, and wind energy sectors [5] - The tungsten wire project has achieved batch trial production and customer validation, with plans to expand production capacity based on market conditions [6] Group 5: Future Outlook and Strategic Planning - The company anticipates that national policies promoting equipment upgrades and consumption will positively impact the market in the coming year, positioning itself to capitalize on recovery opportunities [7] - Future development strategies include market-oriented innovation, expanding product series, and enhancing domestic and international sales channels, with a focus on customer value creation [7]

Investment Rating - The report maintains a "Buy" rating for the company [5][6]. Core Insights - The company reported a revenue of 895 million yuan for the first three quarters of 2024, representing a year-on-year growth of 11.22%. However, the net profit attributable to the parent company decreased by 43.70% to 90 million yuan, which aligns with expectations. In Q3 2024, revenue reached 316 million yuan, up 16.08% year-on-year, but net profit fell by 41.85% year-on-year to 30 million yuan [5][6]. - The company is experiencing a slight increase in revenue from CNC tools, with overseas sales growing significantly by 44.2% to 166 million yuan. The production of new products is progressing well, contributing positively to revenue [6]. - The company is actively expanding its production capacity and enhancing its product matrix, aiming to become a comprehensive supplier and service provider for CNC tools [6]. - The profit forecast has been revised downwards due to slow domestic demand recovery, with expected net profits for 2024-2026 adjusted to 125 million, 184 million, and 256 million yuan respectively [6][7]. Financial Summary - For the first three quarters of 2024, the company achieved total revenue of 895 million yuan, with a year-on-year growth rate of 11.2%. The net profit attributable to the parent company was 90 million yuan, down 43.7% year-on-year [7]. - The gross margin for Q1-Q3 2024 was 25.83%, a decrease of 6.71 percentage points year-on-year, while the net margin was 10.00%, down 9.83 percentage points year-on-year [6]. - The company’s earnings per share (EPS) for 2024 is projected at 0.79 yuan, with PE ratios for 2024, 2025, and 2026 expected to be 30, 20, and 14 respectively [10].

Group 1: Market Opportunities - The domestic high-end CNC tool market has significant room for import substitution, with the market size being 5-6 times larger than the domestic market [2] - New demands are emerging in downstream application fields such as aerospace, new energy vehicles, military, wind power, and humanoid robots, driving the need for cutting tools [2] - The global market for cutting tools presents substantial potential for growth, with the company aiming to increase its market share internationally [2] Group 2: Sales and Distribution Model - The cutting tool industry has a decentralized terminal sales model that relies heavily on technical services and distributor resources [2] - The company is increasing its terminal coverage and brand promotion to better understand customer needs and market risks [2] - While initial sales costs may rise, long-term benefits include greater market share and stronger customer relationships [2] Group 3: Cost and Production Efficiency - The scale effect in CNC tool production leads to lower unit costs and improved profitability as production scales up [3] - The company is leveraging commonality in equipment for different product varieties to enhance production efficiency [3] - The current high prices of raw materials, such as tungsten carbide, have been successfully passed on to downstream customers [3] Group 4: International Expansion - The company is actively investing in overseas markets, achieving rapid growth in export volumes and targeting over 50 countries [3] - Establishing subsidiaries and service centers abroad is part of the strategy to enhance market presence and customer service [3] - The average export price of products is higher than domestic prices, highlighting the competitive advantage in international markets [3] Group 5: Industry Trends and Innovations - The cutting tool industry is experiencing a shift towards high-end products, requiring advancements in materials and coatings [6] - Companies are evolving from mere suppliers to partners that provide customized solutions to meet high-efficiency and cost-optimization demands [6] - Domestic companies are accelerating the import substitution of high-end CNC tools through innovation and understanding of customer needs [7] Group 6: Mergers and Acquisitions - The company is exploring merger opportunities to enhance its competitive edge and expand its scale through collaboration with leading firms in the cutting tool sector [5] - The focus is on integrating businesses that complement the company's core operations to achieve synergistic benefits [5]

Investment Rating - The report maintains a "Strong Buy" rating for the company with a target price of 25.2 CNY, compared to the current price of 18.48 CNY [1]. Core Views - The company's Q3 performance met expectations, with a revenue of 316 million CNY, a year-on-year increase of 16.08%, while net profit decreased by 41.85% [1]. - The growth in hard alloy products and slight increase in CNC tool revenue are notable, with hard alloy products achieving a revenue of 388 million CNY, up 17.92% year-on-year [1]. - The recovery in manufacturing is anticipated to boost demand for tools, with domestic products expected to gain market share due to competitive pricing and product upgrades [1]. - The company is expanding its end-user layout and broadening application scenarios for comprehensive solutions, targeting sectors like automotive, aerospace, and wind energy [1]. - The overseas market shows significant potential, with exports growing by 44.2% year-on-year, driven by the competitive pricing of domestic tools [1]. Financial Summary - For the first three quarters of 2024, the company reported total revenue of 895 million CNY, an 11.22% increase year-on-year, and a net profit of 90 million CNY, a decrease of 43.70% [1]. - Revenue projections for 2024-2026 are adjusted to 1.195 billion CNY, 1.513 billion CNY, and 1.853 billion CNY respectively, with net profits expected to be 121 million CNY, 200 million CNY, and 275 million CNY [2][6]. - The earnings per share (EPS) are forecasted to be 0.76 CNY, 1.26 CNY, and 1.73 CNY for 2024, 2025, and 2026 respectively [2][6].

株洲欧科亿数控精密刀具股份有限公司（以下简称"公司"）第三届监事会 第七次会议于 2024 年 10 月 29 日在公司会议室以现场和通讯表决方式召开，会 议通知已于 2024 年 10 月 25 日以电话或传真的方式发出。会议应出席监事 3 人， 实际出席监事 3 人，会议由监事会主席张奕先生主持。本次会议的召集和召开符 合《中华人民共和国公司法》等法律、法规、规范性文件和《公司章程》的有关 规定。 二、监事会会议审议情况 经全体监事表决，形成决议如下： 证券代码：688308 证券简称：欧科亿 公告编号：2024-038 株洲欧科亿数控精密刀具股份有限公司 第三届监事会第七次会议决议公告 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、准确性和完整性依法承担法律责任。 一、 监事会会议召开情况 表决结果：赞成 3 票，反对 0 票，弃权 0 票。 具体内容详见公司于同日刊登在上海证券交易所网站（www.sse.com.cn）的 《关于 2022 年度向特定对象发行股票募投项目结项并将节余募集资金永久补充 流动资金的公告》。 特此公告 （一）审议通过《2 ...

关于 株洲欧科亿数控精密刀具股份有限公司 2022 年度向特定对象发行股票募投项目结项并将剩余募集资金 永久补充流动资金的核查意见 民生证券股份有限公司（以下简称"保荐机构"或"民生证券"）作为株洲欧科 亿数控精密刀具股份有限公司（以下简称"欧科亿"或"公司"）2022 年度向特定对 象发行股票的保荐机构，根据《上市公司监管指引第 2 号——上市公司募集资金 管理和使用的监管要求（2022 年修订）》《上海证券交易所科创板股票上市规 则》《上海证券交易所科创板上市公司自律监管指引第 1 号——规范运作》等有 关规定，对欧科亿 2022 年度向特定对象发行股票募投项目结项并将剩余募集资 金永久补充流动资金进行了核查，并发表核查意见如下： 一、募集资金的基本情况 民生证券股份有限公司 公司本次实际募集资金扣除发行费用后的净额计划投入以下项目： | 单位：元 | | --- | | 序 | 项目名称 | 项目投资总额 | 募集资金投资 | | --- | --- | --- | --- | | 号 | | | 额 | | 1 | 株洲欧科亿切削工具有限公司数控刀具产业园项 目 | 748,900,000.00 | ...

株洲欧科亿数控精密刀具股份有限公司（以下简称"公司"或"欧科亿"） 于 2024 年 10 月 29 日召开第三届董事会第九次会议、第三届监事会第七次会议， 审议通过了《关于 2022 年度向特定对象发行股票募投项目结项并将节余募集资 金永久补充流动资金的议案》，同意公司将 2022 年度向特定对象发行股票募投 项目"株洲欧科亿切削工具有限公司数控刀具产业园项目""补充流动资金项目" 结项并将节余募集资金用于永久补充公司流动资金。公司保荐机构民生证券股份 有限公司对本事项出具了明确的核查意见。该事项无需提交公司股东大会审议。 现将相关情况公告如下： 一、募集资金基本情况 证券代码：688308 证券简称：欧科亿 公告编号：2024-039 株洲欧科亿数控精密刀具股份有限公司 关于 2022 年度向特定对象发行股票募投项目结项并 将节余募集资金永久补充流动资金的公告 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、准确性和完整性依法承担法律责任。 截至 2024 年 10 月 25 日，本次拟结项的募投项目的募集资金使用与节余情 况如下： 单位：人民币元 （ ...