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 2024 年年度股东大会会议资料 二〇二五年六月 | | | 西安铂力特增材技术股份有限公司 2024 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 2024 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》、《中华人民共和国证券法》、 《上市公司股东会规则》以及《西安铂力特增材技术股份有限公司章程》、《西安 铂力特增材技术股份有限公司股东大会议事规则》等相关规定，西安铂力特增材技 术股份有限公司（以下简称"公司"）特制定 2024 年年度股东大会会议须知： 一、为确认出席大会的股东或其代理人或其他出席者的出席资格，会议工作人 员将对出席会议者的身份进行必要的核对工作，请被核对者给予配合。出席会议的 股东及股东代理人须在会议召开前 30 分钟到会议现场办理签到手续，并请按规定 出示持股凭证、身份证明文件或法人单位证明、授权委托书等，经验证后方可出席 会议。 二、为保证本次大会的严肃性和正常秩序，切实维护股东的合法权益，务必请 出席大会的 ...

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 年度持续督导跟踪报告 | 保荐人名称：中信建投证券股份有限 | 上市公司名称：西安铂力特增材技术股 | | | --- | --- | --- | | 公司 | 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 | | | | 号楼泰康大厦 层 1 | 11 | | 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 号院 16 | | | | 号楼泰康大厦 层 1 | 11 | 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。本次公开发行股票于 2023 年 12 月 26 日在上海证券交 ...

证券代码：688333 证券简称：铂力特 公告编号：2025-026 西安铂力特增材技术股份有限公司 关于召开2024年年度股东大会的通知 召开地点：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 （五） 网络投票的系统、起止日期和投票时间。 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： ? 股东大会召开日期：2025年6月9日 ? 本次股东大会采用的网络投票系统：上海证券交易所股东大会网络投票 系统 一、 召开会议的基本情况 （一） 股东大会类型和届次 （二） 股东大会召集人：董事会 （三） 投票方式：本次股东大会所采用的表决方式是现场投票和网络投票相结 合的方式 （四） 现场会议召开的日期、时间和地点 召开日期时间：2025 年 6 月 9 日 15 点 00 分 网络投票系统：上海证券交易所股东大会网络投票系统 网络投票起止时间：自2025 年 6 月 9 日 至2025 年 6 月 9 日 采用上海证券交易所网络投票系统，通过交易系统投票平台的投票时间为股 东 ...

证券代码：688333 证券简称：铂力特 公告编号：2025-026 西安铂力特增材技术股份有限公司 关于召开2024年年度股东大会的通知 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： 一、 召开会议的基本情况 召开日期时间：2025 年 6 月 9 日 15 点 00 分 召开地点：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 （五） 网络投票的系统、起止日期和投票时间。 网络投票系统：上海证券交易所股东大会网络投票系统 网络投票起止时间：自2025 年 6 月 9 日 至2025 年 6 月 9 日 采用上海证券交易所网络投票系统，通过交易系统投票平台的投票时间为股 股东大会召开日期：2025年6月9日 本次股东大会采用的网络投票系统：上海证券交易所股东大会网络投票 系统 （二） 股东大会召集人：董事会 （三） 投票方式：本次股东大会所采用的表决方式是现场投票和网络投票相结 合的方式 （四） 现场会议召开的日期、时间和地点 东大会召开当日的交易时间段，即 9:1 ...

Investment Rating - The report suggests a positive outlook for the military industry, indicating a potential recovery in performance by 2025, with a focus on companies with order recovery expectations and performance support [2][10][44]. Core Insights - The military sector reported a total revenue of 764.903 billion yuan in 2024, a year-on-year increase of 1.16%. Key segments showing positive growth include shipbuilding, aerospace engines, and aviation [2][10]. - The net profit for the military sector decreased to 26.655 billion yuan in 2024, down 38.01% year-on-year, primarily due to lower downstream demand and price reductions for certain products [12][10]. - The first quarter of 2025 is expected to show signs of recovery, particularly in ground equipment and aerospace segments, with a projected increase in associated transaction amounts [2][29]. Summary by Sections 1. Industry Overview - The military sector's revenue growth was driven by shipbuilding (10.87% increase), aerospace engines (4.46% increase), and aviation (2.75% increase), while ground equipment and commercial aerospace saw significant declines [10][12]. - The report highlights a structural recovery in the military sector, with positive signals emerging from major companies regarding contract announcements and performance stabilization [2][38]. 2. Investment Strategy - The report recommends focusing on three main investment lines: 1. Traditional military sectors with expected order recovery, particularly in aerospace engines, shipbuilding, and aviation [2][44]. 2. New domains characterized by low-cost, intelligent, and systematic features, including precision-guided munitions and unmanned systems [2][44]. 3. Companies with asset integration expectations and competitive positions in military trade markets [2][44]. 3. Recommended Stocks - Traditional military direction: Recommended stocks include Aerospace Power, Aerospace Control, and Huayin Technology [3][45]. - New domain and new quality direction: Recommended stocks include High De Infrared, North Navigation, and Aerospace Rainbow [3][45]. - Reform and overseas direction: Recommended stocks include Guorui Technology and Construction Industry [3][45].

Investment Rating - The investment rating for the company is "Accumulate" [6] Core Views - The company achieved a revenue of 1.33 billion yuan in 2024, representing a year-on-year increase of 15.0%, driven by advancements in the aerospace sector and breakthroughs in consumer electronics and overseas market expansion [2][5] - The net profit attributable to shareholders for 2024 was 100 million yuan, a decrease of 5.3% year-on-year, primarily due to increased labor costs and higher fixed and R&D expenses associated with the company's expansion [2][3] - In Q1 2025, the company reported a revenue of 230 million yuan, up 7.3% year-on-year, but a net loss of 14.95 million yuan, attributed to significant R&D investments and rising employee compensation [2][3] Financial Performance Summary - The gross margin for 2024 was 37.4%, down 9.8 percentage points year-on-year, while the net margin was 7.9%, down 1.7 percentage points [3][6] - The company’s operating expenses ratio for 2024 was 32.8%, a decrease of 4.9 percentage points year-on-year, with the sales expense ratio increasing to 7.1% due to an expanded sales force [3][6] - Revenue forecasts for 2025-2027 are 1.76 billion, 2.42 billion, and 3.38 billion yuan respectively, with compound annual growth rates of 38% [5][6] Strategic Developments - The company has invested in Hualichuang Science, acquiring a 9% stake, which specializes in high-performance sensor solutions applicable in humanoid robots and other fields [3][20] - The company is expanding its 3D printing capabilities, particularly in aerospace and consumer electronics, which are expected to enhance its market position [4][5]

Core Viewpoint - The 3D printing industry in China is experiencing significant growth in 2024, with total import and export value reaching 9.824 billion yuan, a year-on-year increase of 30.31% [3]. Company Performance Summary Platinum Technology (铂力特) - Revenue for 2024 is 1.326 billion yuan, with a net profit of 104 million yuan - Revenue increased by 15.02% year-on-year, while net profit decreased by 5.26% [3] Huazhu High-Tech (华曙高科) - Revenue for 2024 is 492 million yuan, with a net profit of 67.21 million yuan - Revenue decreased by 18.82% year-on-year, and net profit decreased by 48.76% [4] Sikan Technology (思看科技) - Revenue for 2024 is 333 million yuan, with a net profit of 121 million yuan - Revenue increased by 22.41% year-on-year, and net profit increased by 5.49% [5] Xianlin 3D (先临三维) - Revenue for 2024 is 1.202 billion yuan, with a net profit of 226 million yuan - Revenue increased by 18.07% year-on-year, and net profit increased by 59.08% [7] Guanghua Weiye (光华伟业) - Revenue for 2024 is 544 million yuan, with a net profit of 26.89 million yuan - Revenue increased by 29.85% year-on-year, while net profit decreased by 39.01% [8] Fenghua Zhuoli (峰华卓立) - Revenue for 2024 is 184 million yuan, with a net loss of 20.89 million yuan - Revenue decreased by 9.34% year-on-year, transitioning from profit to loss [9] Jiayi High-Tech (嘉一高科) - Revenue for 2024 is 71.09 million yuan, with a net loss of 1.685 million yuan - Revenue decreased by 14.60% year-on-year, transitioning from profit to loss [10] Aurora Innovation (极光创新) - Revenue for 2024 is 22.97 million yuan, with a net loss of 2.33 million yuan - Revenue increased by 34.08% year-on-year, with a significant reduction in loss by 58.39% [12] Industry Overview - The 3D printing industry in 2024 shows strong growth, with some companies achieving significant revenue and profit increases through technological innovation and market expansion. However, challenges such as market competition and rising costs have led to losses for other companies [3].

Group 1: 3D Printing Technology Development - The development of smart manufacturing technology has made 3D printing an important force in cultivating new productive forces in China [1] - 3D printing technology is transitioning from an optional choice to a necessary option in high-end manufacturing fields such as aerospace [7] - The global 3D printing market is expected to reach $88.3 billion by 2030, while the Chinese 3D printing equipment market is projected to exceed 120 billion yuan by 2029, with a compound annual growth rate of approximately 19.5% from 2024 to 2029 [7] Group 2: Company Activities in 3D Printing - Companies like Protolabs predict significant growth in the 3D printing market, indicating a robust future for the industry [7] - A-share market has over 30 stocks related to 3D printing, with companies like Jinggong Technology focusing on robot-related 3D printing equipment [7] - Aitide has developed 3D printing zirconia ceramic technology and has received FDA and NMPA registration for its high solid content printing materials [7] Group 3: Market Performance and Trends - The average increase of 3D printing concept stocks is 17.18% year-to-date, with four stocks seeing cumulative gains over 50% [10] - Sixteen 3D printing concept stocks have seen a daily average trading volume increase of over 10% since May, with five stocks doubling their trading volume [11] - As of May 12, eight stocks have a rolling price-to-earnings ratio below 40, indicating potential investment opportunities [11]

一、说明会基本情况 证券代码：688333 证券简称：铂力特 公告编号：2025-025 西安铂力特增材技术股份有限公司 关于参加"2025 年陕西辖区上市公司投资者集体接 待日暨 2024 年度业绩说明会"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。 为促进上市公司规范运作、健康发展，增强上市公司信息透明度，加强与广 大投资者沟通交流，进一步提升投资者关系管理水平，陕西上市公司协会在陕西 证监局指导下，联合深圳市全景网络有限公司举办"2025年陕西辖区上市公司投 资者集体接待日暨2024年度业绩说明会活动"。 届时，公司相关高管人员将通过互动平台与投资者进行网络沟通和交流，欢 迎广大投资者踊跃参加！ 特此公告。 西安铂力特增材技术股份有限公司董事会 活动时间：2025年5月20日15:00-17:00。 活动地址："全景路演" 网址：https://rs.p5w.net/ 投资者问题征集渠道：https://ir.p5w.net/zj，公司将在说明会上对投资者普遍 关注的问题进行回答。 二、公司联系方式 联系人 ...

Investment Rating - The report rates the defense and military industry as "Overweight" indicating a positive outlook for the sector [3][29]. Core Insights - The defense and military industry is expected to enter a new cycle driven by geopolitical conflicts, enhancing China's military trade focus and opening international markets for Chinese military products [5][3]. - The ongoing tariff conflicts highlight the comparative advantages of the military industry, with increased emphasis on self-sufficiency and potential growth in military investments [5][3]. - The fundamental changes in the military sector are solidifying the basis for industry growth, with a focus on quality and quantity improvements as the military approaches its centenary goals [5][3]. - There is a recommendation to increase attention on military stocks, particularly those related to precision-guided weapons, underwater capabilities, AI/robotics, and traditional aircraft supply chains [5][3]. Market Review - Last week, the Shenwan Defense and Military Index rose by 6.33%, outperforming major indices such as the Shanghai Composite Index, which increased by 1.92% [6][3]. - The top five performing stocks in the defense sector included Chengxi Aviation (59.26%), Hwa Wo (48.85%), and Lijun (36.49%) [6][14]. - Conversely, the bottom five performers were Platinum (−4.26%), Lingyun (−4.00%), and Guangdong Hongda (−2.52%) [6][15]. Valuation Changes - The current PE-TTM for the Shenwan military sector is 75.10, indicating it is in the upper range historically, with a valuation percentile of 65.46% since January 2014 [15][19]. - The aerospace and aviation equipment sectors are noted to be at relatively high valuation levels since 2020 [15][19]. Key Valuation Targets - The report lists key valuation targets, including companies like Feili Hua, Tianqin Equipment, and Aerospace Electronics, with projected earnings growth and PE ratios indicating potential investment opportunities [21][24].