证券代码：688333 证券简称：铂力特 公告编号：2024-040 西安铂力特增材技术股份有限公司 第三届董事会第十三次会议决议公告 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。 一、董事会会议召开情况 西安铂力特增材技术股份有限公司（以下简称"公司"）第三届董事会第十三 次会议于 2024 年 9 月 23 日在公司会议室以现场结合通讯方式召开。本次会议由董 事长薛蕾先生主持，会议应到董事 9 人，实到董事 9 人。本次会议的召集、召开程 序符合有关法律、行政法规、规范性文件和《公司章程》的规定，会议形成的决议 合法有效。 表决情况：同意 9 票，反对 0 票，弃权 0 票。 具体内容详见同日刊载于上海证券交易所网站（www.sse.com.cn）的《西安铂 力特增材技术股份有限公司关于以集中竞价交易方式回购公司股份方案的公告》 （公告编号：2024-039）。 特此公告。 表决情况：同意 9 票，反对 0 票，弃权 0 票。 具体内容详见同日刊载于上海证券交易所网站（www.sse.com.cn）的《西安 铂力特增 ...

证券代码：688333 证券简称：铂力特 公告编号：2024-037 西安铂力特增材技术股份有限公司 本项目已经西安铂力特增材技术股份有限公司（以下简称"公司"或"铂 力特"）第三届董事会第十三次会议审议通过，公司董事会授权公司管理层与本 项目建设相关的投资计划，除建设规模、投资额度、建设地点等实质内容外的建 设方案调整等重要事宜，并在董事会审议事项范围内签署相关协议，制定招标方 案，组织、计划实施招投标，实施项目谈判、采购工作等。 相关风险提示： 1.项目实施尚需办理土地、报建、施工等前置手续，还需获得有关主管部门 批复，项目的推进存在一定程度的不确定性风险； 关于投资金属增材制造专用粉末材料产线建设 项目的公告 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： 投资项目名称：增材制造专用粉末材料产线建设项目 投资金额：拟投资人民币 10 亿元（含本数，最终项目投资总额以实际投 资为准），其中约 3 亿为募集资金，其余为公司自筹。 资金来源：企业自筹和募资资金 2.项目实施过程中可能会受到宏观经济环境等不确 ...

证券代码：688333 证券简称：铂力特 公告编号：2024-036 西安铂力特增材技术股份有限公司 关于部分募投项目新增实施主体及实施地点的公告 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。 西安铂力特增材技术股份有限公司（以下简称"公司"）于 2024 年 9 月 23 召开了第三届董事会第十三次会议和第三届监事会第十次会议，审议通过了《关 于公司部分募投项目新增实施主体及实施地点的议案》、《关于投资金属增材制 造专用粉末材料产线建设项目的议案》。为了满足募投项目的实际开展需要，提 高募集资金的使用效率，保障募投项目的实施进度，公司拟新增全资子公司（最 终名称以工商登记机关核准登记备案为准)，作为募投项目"金属增材制造大规 模智能生产基地项目"的实施主体之一，新增实施地点为沣西新城装备制造产业 园，四至范围为咸户路以西、纵一路以东、横二路以南、横三路以北地块，规划 红线范围内总面积约 150 亩（最终用地面积及红线范围以规划建设部门规划设计 条件书内容为准）。 为确保募集资金规范管理和使用，公司董事会授权公司管理层全 ...

证券代码：688333 证券简称：铂力特 公告编号：2024-039 回购股份方式：集中竞价交易方式； 回购股份期限：自公司董事会审议通过本次回购方案之日起 3 个月内； 相关股东是否存在减持计划：公司回购提议人、董事、监事、高级管理 人员、实际控制人及一致行动人、持股 5%以上的股东在未来 3 个月、未来 6 个 月内暂无减持计划。若相关人员未来拟实施股份减持计划，公司将按相关规定及 时履行信息披露义务。 西安铂力特增材技术股份有限公司 关于以集中竞价交易方式回购股份方案的公告 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： 回购股份金额：回购资金总额不低于人民币 2,000 万元（含），不超过 人民币 3,000 万元（含）； 回购资金来源：公司自有资金； 回购股份用途：本次回购的股份拟用于维护公司价值及股东权益； 回购股份价格：本次回购股份的价格不超过人民币 65.34 元/股（含）， 该价格不高于公司董事会通过回购股份决议前 30 个交易日公司股票交易均价的 150%； 相关风险提示： 1、若本次回 ...

中信建投证券股份有限公司 关于西安铂力特增材技术股份有限公司 2024 年持续督导半年度报告书 | 保荐人名称：中信建投证券股份有限 | 被保荐公司名称：西安铂力特增材技术 | | | --- | --- | --- | | 公司 | 股份有限公司 | | | 保荐代表人姓名：闫明 | 联系方式：010-56052594 | | | | 联系地址：北京市朝阳区景辉街 号 16 | | | | 院 1 号楼泰康集团大厦中信建投 11 | 层 | | 保荐代表人姓名：关天强 | 联系方式：010-56052386 | | | | 联系地址：北京市朝阳区景辉街 16 号 | | | | 院 1 号楼泰康集团大厦中信建投 11 | 层 | 经中国证券监督管理委员会（简称"中国证监会"）"证监许可[2023]1444 号"批准，西安铂力特增材技术股份有限公司（简称"公司"或"铂力特"）向 特定对象发行股票并在科创板上市。本次公司发行新股的发行价为 94.50 元/股， 募集资金总额为 302,854.61 万元，扣除发行费用 2,115.02 万元后，实际募集资金 净额为 300,739.59 万元。本次向特定对象发行 ...

Investment Rating - The report maintains a "Buy" rating for the company [1][6]. Core Views - The company achieved significant growth in its revenue and net profit for the first half of 2024, with revenue reaching 591 million yuan, a year-on-year increase of 34.68%, and net profit attributable to shareholders amounting to 88.19 million yuan, a remarkable growth of 398.07% [3]. - The company is positioned as the largest metal additive manufacturing industrial base in China, with substantial advancements in SLM, SLS, BJ, and EBM technologies, expanding its market presence in civilian large-scale production [3][4]. - The company has made high investments in R&D, totaling 108 million yuan in the first half of 2024, reflecting a 28.60% increase year-on-year, which strengthens its technological moat [4]. Summary by Sections Financial Performance - The company reported a significant increase in revenue across its three main business segments: customized 3D printing products and technical services generated 317 million yuan (up 36.99%), self-developed 3D printing equipment and accessories brought in 227 million yuan (up 33.82%), and 3D printing raw materials achieved 47 million yuan (up 72.57%) [3]. - The company's expense ratio decreased to 35.53%, down 10.23 percentage points year-on-year, with net profit margin increasing to 14.92%, up 10.89 percentage points [5]. Investment Recommendations and Profit Forecast - The additive manufacturing industry is in a high-growth phase, and the company is expected to maintain a high market share in the domestic aerospace additive manufacturing sector. The forecasted net profits for 2024-2026 are 314 million, 467 million, and 639 million yuan, respectively, with corresponding PE ratios of 35.64, 23.94, and 17.49 [6][9].

Investment Rating - The report maintains a "Buy" rating for the company [1][6]. Core Insights - The company, Plater (688333), reported a significant increase in revenue and net profit for the first half of 2024, with revenue reaching 591 million yuan, a year-on-year growth of 34.68%, and a net profit of 88.19 million yuan, up 398.07% year-on-year [3]. - The growth is attributed to substantial increases in revenue from customized products, self-developed equipment, and raw materials, with specific revenue figures of 317 million yuan (36.99% growth), 227 million yuan (33.82% growth), and 47 million yuan (72.57% growth) respectively [3]. - The company is expanding its production capacity and market applications, particularly in the aerospace sector, with ongoing construction of multiple projects aimed at enhancing its manufacturing capabilities [4]. Summary by Sections Financial Performance - For the first half of 2024, the company achieved a gross margin of 45.95%, a decrease of 2.21 percentage points year-on-year, while the net profit margin increased by 10.89 percentage points to 14.92% [5]. - The company’s total R&D investment reached 108 million yuan, a 28.60% increase year-on-year, with ongoing projects focusing on new technologies [4][5]. Investment Recommendations and Profit Forecast - The report forecasts the company's net profit for 2024-2026 to be 314 million, 467 million, and 639 million yuan respectively, with corresponding price-to-earnings ratios of 35.64, 23.94, and 17.49 [6][9]. - The company is positioned as a leading player in the domestic metal additive manufacturing sector, particularly in the aerospace market, indicating strong growth potential [6]. Market Data - The current stock price is 42.02 yuan, with a market capitalization of approximately 11.42 billion yuan [7]. - The stock has experienced a significant decline of 53% over the past year [8].

Investment Rating - The report maintains a "Buy" rating for the company [4][6]. Core Views - The company reported a revenue of 591 million yuan for the first half of 2024, representing a year-on-year growth of 34.68%, and a net profit attributable to shareholders of 88 million yuan, which is a significant increase of 398.07% [2][3]. - The growth is primarily driven by the aerospace sector, which saw a revenue increase of 73.73% year-on-year, contributing 67.45% to total revenue [3]. - The company has established a comprehensive ecosystem in the metal 3D printing industry, focusing on industrial-grade metal additive manufacturing solutions [3]. Summary by Sections Financial Performance - In Q2 2024, the company achieved a revenue of 385 million yuan, up 25.96% year-on-year, with a net profit of 87 million yuan, reflecting an 87.98% increase [2][3]. - The company's 3D printing services generated 320 million yuan in revenue, a growth of 36.99%, while 3D printing equipment revenue reached 230 million yuan, up 33.82% [3]. Business Segments - The 3D printing services accounted for 53.72% of total revenue, with a gross margin of 48.77% [3]. - The 3D printing materials segment saw a revenue increase of 72.57%, contributing 7.91% to total revenue [3]. Market Outlook - The company is optimistic about its long-term growth prospects, particularly in non-civilian sectors, supported by a strong founding team and advanced technology [3]. - The report forecasts net profits of 322 million yuan and 496 million yuan for 2024 and 2025, respectively, with corresponding PE ratios of 39 and 25 [4].

证券研究报告·公司点评报告·通用设备 铂力特（688333） 2024 年中报点评：归母净利润同比大增近 4 倍，技术达到国际先进水平 2024 年 09 月 02 日 买入（维持） | --- | --- | --- | --- | --- | --- | |------------------------------|--------|----------|----------|----------|----------| | 盈利预测与估值 [Table_EPS] | 2022A | 2023A | 2024E | 2025E | 2026E | | 营业总收入（百万元） | 918.08 | 1,232.39 | 1,803.31 | 2,535.40 | 3,319.50 | | 同比 | 66.32 | 34.24 | 46.33 | 40.60 | 30.93 | | 归母净利润（百万元） | 79.50 | 141.59 | 331.60 | 500.89 | 685.81 | | 同比 | 249.14 | 78.11 | 134.19 | 51.05 | 36.92 | | EPS- 最新 ...

Investment Rating - The report maintains a "Recommended" rating for the company, indicating a positive outlook based on its leading position in the metal 3D printing industry and expected growth in profits [2][4]. Core Viewpoints - The company reported a revenue of 590 million yuan for 1H24, representing a year-on-year increase of 34.7%, and a net profit attributable to shareholders of 88 million yuan, up 398% year-on-year [2]. - The growth in revenue and net profit is attributed to the balanced development across the entire 3D printing industry chain, with significant growth in the aerospace sector [2]. - The company is increasing its research and development efforts and preparing for strong downstream demand, with a notable reduction in expense ratios [2]. Financial Performance Summary - For 1H24, the company achieved a gross margin of 46.0%, a slight decrease of 2.2 percentage points year-on-year, while the net profit margin increased by 10.9 percentage points to 14.9% [2]. - In 2Q24, revenue reached 385 million yuan, a year-on-year increase of 26.0%, with a net profit of 87 million yuan, up 88.0% year-on-year [2]. - The company’s revenue from customized 3D printing products was 320 million yuan, growing 37.0% year-on-year, while revenue from 3D printing equipment was 170 million yuan, up 33.8% year-on-year [2]. Future Projections - The company is projected to achieve net profits of 300 million yuan, 440 million yuan, and 600 million yuan for the years 2024, 2025, and 2026, respectively, with corresponding price-to-earnings ratios of 42, 29, and 21 times [2][5]. - Revenue is expected to grow at rates of 34.2%, 42.8%, 38.1%, and 32.7% for the years 2024 to 2026 [5]. Industry Position - The company is recognized as a leader in providing comprehensive solutions for metal 3D printing, having established a complete industry chain that includes raw materials, equipment, and printing services [2].