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 profitability [20][24]. Core Insights - The company reported a significant revenue increase of 54.7% year-over-year in Q1 2024, reaching 210 million yuan, and achieved a net profit of 1.34 million yuan, a turnaround from a loss of 28.49 million yuan in the same period last year [20]. - The growth in revenue is attributed to the expansion of operational scale and the diversification of market applications, particularly in 3D printing customized products, self-developed equipment, and raw materials [20]. - The company is actively expanding its production capacity and exploring applications across various sectors, with ongoing projects expected to enhance its competitive edge in the metal additive manufacturing field [20]. Summary by Sections Financial Performance - In Q1 2024, the company achieved a gross margin of 41.3%, a decrease of 7.4 percentage points year-over-year, while the net profit margin increased by 22.1 percentage points to 0.7% [20]. - The company’s construction projects increased by 106.6% year-over-year to 340 million yuan by the end of 2023, with further growth to 440 million yuan by the end of Q1 2024 [20]. Research and Development - R&D expenses rose by 32% to 54 million yuan in Q1 2024, with the R&D expense ratio decreasing by 4.5 percentage points to 26.4% [20]. - The company is preparing for increased demand by ramping up production and inventory levels, with inventory increasing by 17.9% to 610 million yuan by the end of Q1 2024 [20]. Future Projections - The company is projected to achieve net profits of 330 million yuan, 500 million yuan, and 690 million yuan for the years 2024, 2025, and 2026, respectively, with corresponding price-to-earnings ratios of 46x, 31x, and 22x [20].

2024 年第一季度报告 西安铂力特增材技术股份有限公司 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、准确性和完整性依法承担法律责任。 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整，不存 在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 第一季度财务报表是否经审计 一、 主要财务数据 本报告期比 1 / 19 | --- | --- | --- | --- | |-----------------------------------------------|------------------|------------------|-----------------------------------------| | | | | | | 归属于上市公司股东的扣 除非经常性损益的净利润 | | -13,833,697.71 | 不适用 | | 经营活动产生的现金流量 净额 | | -196,703,653.63 | 不适用 | | 基本每股收益（元/股） | | 0.01 | 不适用 | | 稀释每股收益 ...

证券代码：688333 证券简称：铂力特 公告编号：2024-025 本公司董事会及全体董事保证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： 本次会议是否有被否决议案：无 西安铂力特增材技术股份有限公司 2023 年年度股东大会决议公告 一、 会议召开和出席情况 （一） 股东大会召开的时间：2024 年 4 月 22 日 （二） 股东大会召开的地点：陕西省西安市高新区上林苑七路 1000 号西安铂力 特增材技术股份有限公司综合楼会议室 （三） 出席会议的普通股股东、特别表决权股东、恢复表决权的优先股股东及 其持有表决权数量的情况： | 1、出席会议的股东和代理人人数 | 65 | | --- | --- | | 普通股股东人数 | 65 | | 2、出席会议的股东所持有的表决权数量 | 93,781,313 | | 普通股股东所持有表决权数量 | 93,781,313 | | 3、出席会议的股东所持有表决权数量占公司表决权数量的 | 48.3109 | | 比例（%） | | | 普通股股东所持有表决权数量占公司表决权数量的比例（% ...

北京金诚同达（西安）律师事务所 关于 西安铂力特增材技术股份有限公司 2023 年年度股东大会 之 | 一、本次股东大会的召集与召开程序 - | 4 - | | --- | --- | | 二、本次股东大会召集人和出席本次股东大会人员的资格 - | 5 - | | 三、本次股东大会的表决程序及表决结果 - | 5 - | | 四、结论意见 - | 8 - | 北京金诚同达（西安）律师事务所 法律意见书 法律意见书 （2024）JTN(XA)意字第 FY0422104 号 陕西省西安市高新区锦业路 12 号迈科商业中心 25 层 710065 电话：029-8112 9966 传真：029-8112 1166 北京金诚同达（西安）律师事务所关于 西安铂力特增材技术股份有限公司 2023 年年度股东大会 之 法律意见书 （2024）JTN(XA)意字第 FY0422104 号 致：西安铂力特增材技术股份有限公司 西安铂力特增材技术股份有限公司（以下简称"公司"）2023 年年度股东大会 （以下简称"本次股东大会"）于 2024 年 4 月 22 日下午 15:30 在陕西省西安市高 新区上林苑七路 1000 号西 ...

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 2023 年持续督导年度报告书 | 保荐机构名称：中信建投证券股份有 | 被保荐公司名称：西安铂力特增材技术 | | | --- | --- | --- | | 限公司 | 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 16 | 号 | | | 院 1 号楼泰康大厦 11 层 | | | 保荐代表人姓名：关天强 | 联系方式：010-56052386 16 | 号 | | | 联系地址：北京市朝阳区景辉街 | | | | 院 1 号楼泰康大厦 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股票于 2023 年 12 月 26 日 ...

证券代码：688333 证券简称：铂力特 西安铂力特增材技术股份有限公司 2023 年年度股东大会会议资料 二〇二四年四月 西安铂力特增材技术股份有限公司 2023 年年度股东大会会议资料 目 录 | 2023 年年度股东大会会议须知 1 | | --- | | 2023 年年度股东大会会议议程 3 | | 议案一：关于公司 2023 年度董事会工作报告的议案 5 | | 议案二：关于公司 2023 年度监事会工作报告的议案 12 | | 议案三：关于公司 2023 年年度报告及摘要的议案 17 | | 议案四：关于公司 2023 年度财务决算报告的议案 18 | | 议案五：关于公司 2023 年度利润分配及资本公积转增股本方案的议案 25 | | 议案六：关于公司申请银行授信及融资的议案 27 | | 议案七：关于续聘会计师事务所的议案 29 | 西安铂力特增材技术股份有限公司 2023 年年度股东大会会议资料 西安铂力特增材技术股份有限公司 2023 年年度股东大会会议须知 为了维护全体股东的合法权益，确保股东大会的正常秩序和议事效率，保证股 东大会的顺利进行，根据《中华人民共和国公司法》、《中华人民共 ...

| --- | --- | --- | |-----------------------------------------------------------------------------------------------------------------------------------------------------|-------------------------------------------------|--------------| | | | | | 铂力特（688333） | 投资评级 | 买入 | | 2023 年报点评：新质生产力代表，业绩高速增长 | 2024年04月03日 | 维持评级 | | 业绩概要:2023年公司实现营业收入12.3亿元(+34.2%),实现归母净利润 1.42 亿元 | 收盘价(元): | 77.66 | | (+78.1%), 对应 EPS 为 0.89元, 扣非归母净利润 1.06亿元 (+255%)。其中 2023Q4 | | | | 公司实现营业收入4.91亿元 (同比+23.4%,环比+62.0%),实现归母净利润 1.03 亿 ...

Investment Rating - The report assigns a "Buy" rating for the company with a target price of 98.40 CNY over the next six months, based on a current price of 80.06 CNY [1]. Core Insights - The company, Plater (688333), is a leading player in the domestic metal 3D printing industry, focusing on an integrated layout of "materials + equipment + services." In 2023, it achieved a revenue of 1.23 billion CNY, representing a year-on-year growth of 34.2%, and a net profit attributable to shareholders of 140 million CNY, up 78.1% year-on-year [1][2]. Summary by Sections Company Overview - Plater specializes in industrial-grade metal additive manufacturing, with applications in aerospace, energy, transportation, electronics, automotive, and medical sectors. The company has established partnerships with major clients such as AVIC and Airbus, and has a robust R&D infrastructure, including national-level research centers [19][45]. Financial Performance - In Q4 2023, the company reported a revenue of 490 million CNY, a year-on-year increase of 23.4% and a quarter-on-quarter increase of 62.0%. The net profit for the same quarter was 100 million CNY, showing a year-on-year growth of 1.5% and a quarter-on-quarter growth of 396.7% [1][32]. Business Segments - The revenue breakdown for 2023 shows that customized 3D printing products, 3D printing equipment, and 3D printing materials generated 630 million CNY, 530 million CNY, and 60 million CNY, respectively, with year-on-year growth rates of 34.5%, 26.5%, and 99.0% [25][39]. Cost Management - The company has effectively controlled its expenses, with a total expense ratio of 37.0% in 2023, down 13.4 percentage points year-on-year. The gross margin was 49.0%, a decrease of 5.6 percentage points, primarily due to increased outsourcing and depreciation costs [39][56]. R&D and Innovation - Approximately 30% of the company's workforce is dedicated to R&D, with an investment of about 200 million CNY in 2023, marking a 24.5% increase. The company has launched several new products and is progressing with projects aimed at enhancing production capacity [1][45]. Profit Forecast and Valuation - The company is expected to achieve net profits of 320 million CNY, 490 million CNY, and 700 million CNY for 2024, 2025, and 2026, respectively, with a compound annual growth rate of 71% over the next three years. The report assigns a PE ratio of 60 for 2024, indicating a target price of 98.40 CNY [2][56].

Investment Rating - The report maintains a "Buy" rating for the company [11][28]. Core Insights - The company achieved a revenue of 1.23 billion yuan in 2023, representing a year-on-year growth of 34.2%, and a net profit attributable to shareholders of 142 million yuan, up 78.1% year-on-year [3][10]. - The company focuses on industrial-grade metal additive manufacturing (3D printing), providing a complete set of solutions including equipment, product manufacturing, raw materials, and technical services, establishing a comprehensive ecosystem in the metal 3D printing industry [10][30]. - The company is expected to continue its revenue and profit growth in 2024, driven by capacity expansion and reduced share-based payment expenses [10][11]. Financial Performance Summary - In Q4 2023, the company reported a revenue of 491 million yuan, a year-on-year increase of 23.4%, and a net profit of 103 million yuan, up 1.48% year-on-year [3][10]. - The revenue from 3D printing services reached 630 million yuan, growing 34.5% year-on-year, while the revenue from 3D printing equipment was 530 million yuan, up 26.5% year-on-year [4][10]. - The company anticipates net profits of 336 million yuan, 504 million yuan, and 742 million yuan for 2024, 2025, and 2026 respectively, with corresponding PE ratios of 47, 31, and 21 times [11][36]. Business Segment Analysis - The aerospace segment generated 690 million yuan in revenue, growing 8.3% year-on-year, while the industrial segment saw a significant increase of 91.4% to 460 million yuan [4][10]. - The medical sector reported a revenue of 12 million yuan, up 62.3% year-on-year, with a gross margin increase of 10.9 percentage points [4][10]. - Overall, the company experienced growth across all segments in 2023, although the shift towards non-aerospace sectors led to a decline in overall gross margin [4][10].

证券研究报告·公司点评报告·通用设备 2023 年年报点评：多行业多应用布局，增发 建设智能生产基地 2024 年 03 月 31 日 | --- | --- | --- | --- | --- | --- | |------------------------------|---------|----------|----------|----------|----------| | 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- 最新摊薄（元 / 股） | 0 ...