业绩实现快速增长，航空航天领域表现突出 盈利能力优异，期间费用率持续优化。2023 年，公司毛利率、净利率分别为 51.6%，21.6%，同比分别-1.7pp、-0.1pp；期间费用率为 28.5%，同比-0.9pp。 24Q1，公司毛利率、净利率分别为 53.9%、21.1%，同比分别-3.1pp、+0.8pp； 期间费用率为 30.9%，同比-2.8pp，其中管理、销售费用率同比分别-1.7pp、 -1.8pp。公司毛利率维持在较高水平，营收高增下带来规模效应显现，费用率有 望持续下行。 风险提示：关键核心器件依赖进口、技术路线替代、募投项目进展不及预期等 风险。 | --- | --- | --- | --- | --- | |----------------------------------|--------|--------|-------------------------------|--------| | | | | | | | [Table_MainProfit] 指标 / 年度 | 2023A | 2024E | 2025E | 2026E | | 营业收入（百万元） | | | 606 ...

[Table_PageText] 华曙高科|季报点评 [T资产负债表 able_FinanceDetail] 单位：百万元 现金流量表 单位：百万元 至 12 月 31 日 2022A 2023A 2024E 2025E 2026E 至 12 月 31 日 2022A 2023A 2024E 2025E 2026E 流动资产 789 1,833 1,828 1,992 2,447 经营活动现金流 98 -16 121 159 206 货币资金 374 1,221 997 840 855 净利润 99 131 190 259 358 应收及预付 163 267 361 496 690 折旧摊销 16 20 47 67 82 存货 215 277 386 546 760 营运资金变动 -28 -175 -123 -176 -242 其他流动资产 36 68 85 109 142 其它 11 8 8 8 7 非流动资产 351 488 790 1,042 1,156 投资活动现金流 -105 -148 -345 -315 -191 长期股权投资 10 9 9 8 8 资本支出 -105 -149 -335 -316 ...

证券代码：688433 证券简称：华曙高科 公告编号：2024-018 湖南华曙高科技股份有限公司 关于使用部分暂时闲置募集资金进行现金管理的公告 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。 湖南华曙高科技股份有限公司（以下简称"公司"）于2024年4月25日召开第 一届董事会第十六次会议和第一届监事会第十二次会议，审议通过了《关于使用 部分暂时闲置募集资金进行现金管理的议案》，同意公司在保证募集资金项目推 进和公司正常经营的情况下，拟使用不超过人民币6亿元（包含本数）的部分闲置 募集资金进行现金管理，用于购买安全性高、流动性好、具有合法经营资格的金 融机构销售的满足保本要求的投资产品（包括但不限于协定性存款、结构性存款、 定期存款、通知存款、大额存单等），有效期自本次董事会审议通过之日起12个 月内有效，上述额度在期限范围内可循环滚动使用。 董事会授权管理层行使该项决策权及签署相关法律文件，具体事项由公司财 务部负责组织实施。该事项在董事会审批权限范围内，无需提交股东大会审批。 公司监事会发表了明确同意的意见，保荐机 ...

西部证券股份有限公司 关于湖南华曙高科技股份有限公司首次公开发行股票募集 资金存放与使用情况的专项核查报告 西部证券股份有限公司（以下简称"西部证券"或"保荐人"）作为湖南华 曙高科技股份有限公司（以下简称"华曙高科"或"公司"）首次公开发行股票 并在科创板上市的保荐人，根据《证券发行上市保荐业务管理办法》《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》《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》《上海证券交易所科创板 股票上市规则》等有关规定，对公司 2023 年度募集资金存放与使用情况进行了 审慎核查，核查情况如下： 一、募集资金基本情况 （一）实际募集资金金额及到账情况 根据中国证券监督管理委员会于2023年2月27日出具的《关于同意湖南华曙 高科技股份有限公司首次公开发行股票注册的批复》（证监许可〔2023〕421号）， 公司公开发行面值为1元的人民币普通股4,143.2253万股，发行价格为26.66元/股， 募集资金总额为1,104,583,864.98元，扣除发行费用81,249,479.62元（不含增值税) 后，实际募集资金净额为1,023,33 ...

湖南华曙高科技股份有限公司 2023 年度会计师事务所履职情况评估报告 湖南华曙高科技股份有限公司（以下简称"公司"）聘请天健会计师事务所（特 殊普通合伙）（以下简称"天健"）作为公司 2023 年度财务报告审计机构。根据财政 部、国资委及证监会颁布的《国有企业、上市公司选聘会计师事务所管理办法》， 公司对天健 2023 年度审计过程中的履职情况进行评估，具体情况如下。 一、2023 年年审会计师事务所基本情况 （一）基本信息 天健会计师事务所是由一批资深注册会计师创办的首批具有 A+H 股企业审 计资质的全国性大型会计审计服务机构，拥有包括 A 股、B 股、H 股上市公司、 大型央企、国企、外商投资企业等在内的固定客户，连续多年综合排名位列全国内 资所前二，全球排名前二十位。 天健配备了专属审计工作团队，核心团队成员均具备多年上市公司审计经验， 并拥有中国注册会计师专业资质。项目负责人由资深审计服务合伙人担任，专业配 置合理，人数、执业水平和经验等满足项目要求。 （二）审计工作方案 | 事务所名称 | 天健会计师事务所（特殊普通合伙） | | | | | --- | --- | --- | --- | -- ...

关于湖南华曙高科技股份有限公司 西部证券股份有限公司 2024 年度申请综合授信额度并提供担保的核查意见 西部证券股份有限公司（以下简称"西部证券"、"保荐人"）作为承接湖南 华曙高科技股份有限公司有限公司（以下简称"公司"、"上市公司"、"华曙高科"） 持续督导阶段的保荐人，根据《上海证券交易所科创板股票上市规则》等法律、 法规、规章、规范性文件，对华曙高科 2024 年度申请综合授信额度并提供担保 事项进行了审慎核查，并出具本核查意见，具体如下： 一、申请综合授信额度并提供担保情况概述 （一）基本情况 为满足经营和发展需求，公司及子公司拟向银行等金融机构申请不超过人民 币 5 亿元的综合授信额度，主要用于办理申请流动资金贷款、开具银行承兑汇票 及商业承兑汇票保贴、开具信用证、出具保函、供应链融资、应付账款保理等融 资业务，具体授信额度和期限以各家金融机构最终核定为准。以上授信额度不等 于公司的实际融资金额，实际融资金额在总授信额度内，以公司及子公司与金融 机构实际发生的融资金额为准。 为提高公司决策效率，公司拟为全资子公司上海华曙、华曙新材料就上述综 合授信额度内的融资提供不超过人民币 1 亿元的担保额度 ...

证券代码：688433 证券简称：华曙高科 公告编号：2024-021 湖南华曙高科技股份有限公司 第一届董事会第十六次会议决议公告 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 本议案尚需提交股东大会审议。 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《湖南华 曙高科技股份有限公司2023年年度报告》及《湖南华曙高科技股份有限公司2023 年年度报告摘要》。 1 （二）审议通过《关于2024年第一季度报告的议案》 公司2024年第一季度报告所披露的信息真实、准确、完整，所载资料不存在 任何虚假记载、误导性陈述或重大遗漏。 湖南华曙高科技股份有限公司（以下简称"公司"）第一届董事会第十六次 会议于2024年4月25日以现场结合通讯方式召开，会议通知已于2024年4月15日以 通讯方式送达至全体董事。本次会议由公司董事长XIAOSHU XU（许小曙）先生 召集并主持，应出席会议董事12名，实际出席会议董事12名。本次会议的召集、 召开符合法律、行政法规、部门规章和《湖南 ...

证券代码：688433 证券简称：华曙高科 公告编号：2024-016 湖南华曙高科技股份有限公司 关于2024年度日常关联交易预计的公告 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： 是否需要提交股东大会审议：否 日常关联交易对公司的影响：本次预计的2024年度日常关联交易，是公司 正常生产经营需要，以市场价格为定价依据，遵循公允、合理原则，交易风险可 控，不会因该关联交易对关联方形成依赖，不会对公司的独立性产生影响，不存 在损害公司及股东利益的情况。 一、日常关联交易基本情况 （一）日常关联交易履行的审议程序 3、以上数据若出现尾差，系按四舍五入原则保留小数点后两位数所致，下同。 （三）2023年度日常关联交易的预计和执行情况 单位：万元 湖南华曙高科技股份有限公司（以下简称"公司"或"华曙高科"）于2024 年4月25日召开第一届董事会第十六次会议、第一届监事会第十二次会议，分别审 议通过了《关于预计公司2024年度日常关联交易情况的议案》。该议案关联董事 侯培林先生、侯兴旺先生回避表决，出席会议的 ...

证券代码：688433 证券简称：华曙高科 公告编号：2024-014 关于2023年度利润分配方案的公告 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： 每股分配比例：A股每10股派发现金红利0.96元（含税）。 本次利润分配以实施权益分派股权登记日登记的总股本扣减公司回购专 用证券账户中股份数为基数，具体日期将在权益分派实施公告中明确。 在实施权益分派的股权登记日前公司总股本发生变动的，拟维持分配总额 不变，相应调整每股分配比例，并将另行公告具体调整情况。 一、利润分配方案内容 经天健会计师事务所（特殊普通合伙）审计，公司2023年度实现的归属于公 司股东的净利润为131,161,050.04元，截至2023年12月31日，公司母公司报表中期 末可供分配利润为人民币265,114,744.76元。经董事会决议，公司拟以实施权益分 派股权登记日登记的总股本扣减公司回购专用证券账户中股份数为基数分配利润。 本次利润分配方案如下： 公司拟向全体股东每10股派发现金红利0.96元（含税）。截至2024年3月31 ...

Product Development and Technology - The company has developed a specialized material for Flight technology with a strong toughness, heat resistance, and corrosion resistance, achieving a production efficiency improvement with a new powder ratio of 2:8[8] - The FS4200PAF nylon powder, designed for Flight technology, offers better impact resistance and elongation compared to market nylon 11 materials, with production costs only a fraction of nylon 11[8] - The FS6140GFF glass fiber reinforced nylon 6 composite material has been optimized for Flight technology, achieving a production efficiency increase of 150% compared to CO₂ laser equipment, with a maximum strength exceeding 80MPa[8] - The company has established a diverse product system of polymer and composite powder materials, including polyamide (PA), thermoplastic polyurethane (TPU), and polyphenylene sulfide (PPS), adaptable to CO2 and fiber laser systems[7] - The company is one of the few suppliers globally to master the selective laser sintering (SLS) technology, which allows for high precision and efficiency in 3D printing applications[6] - The company has developed a complete intellectual property system for its products and services, holding 167 valid invention patents, 163 utility model patents, 38 design patents, and 43 software copyrights[19] - The company has developed a series of autonomous SLM equipment covering a build size from 100mm to 1700mm, with the largest build volume reaching 1530mm×1530mm×1650mm[45] - The company has launched multiple series of SLS equipment, including HT1001P and Flight 403P, which can meet diverse high-quality and high-efficiency manufacturing needs[45] - The company has achieved significant breakthroughs in software system technology, supporting algorithm integration and enhancing equipment performance and quality[45] - The company is focusing on autonomous and controllable industrial-grade additive manufacturing equipment, addressing high-end functional customization needs[45] - The company has developed intelligent monitoring technology for powder quality, improving manufacturing success rates and material utilization[51] - The company has developed a high-efficiency automated metal additive manufacturing system, with partial models entering small batch production, achieving an investment of $5,409,977.93 out of a total expected investment of $11,000,000.00[58] - The large-size high-quality metal additive manufacturing system has completed new equipment development, with an investment of $17,469,752.77 against a projected total of $18,000,000.00[58] - The company has developed an automated powder management system for additive manufacturing, with an investment of $4,415,674.15 out of a total expected investment of $8,000,000.00, enhancing production efficiency and supporting clean production[60] - The company has completed the development of a dual-direction powder spreading system, with an investment of $2,575,801.56 out of a total expected investment of $1,000,000.00, achieving stable and efficient powder spreading capabilities[60] - The company is focusing on the development of micro metal parts, with an investment of $3,628,368.37 out of a total expected investment of $8,000,000.00, aiming to meet high precision requirements for mass production[61] Financial Performance - The company's operating revenue reached ¥606,039,751.69, a year-on-year increase of 32.74% from ¥456,571,537.04[76] - The cost of goods sold was ¥293,315,115.97, reflecting a year-on-year increase of 37.62% from ¥213,139,338.20[76] - Research and development expenses increased by 45.13% to ¥79,667,795.10, compared to ¥54,894,007.63 in the previous year[76] - Revenue from the aerospace sector accounted for 61.40% of total revenue, growing by 120.58% year-on-year[79] - Sales from 3D printing equipment represented 89.05% of total revenue, with a year-on-year growth of 34.01%[79] - Domestic sales contributed 76.24% of total revenue, increasing by 60.54% compared to the previous year[79] - Direct materials accounted for 86.56% of total costs, with a year-on-year increase of 41.73%[82] - The company produced 196 units during the reporting period, with sales of 172 units, a decrease of 7.53% year-on-year[81] - The company achieved operating revenue of 606.04 million yuan in 2023, a year-on-year increase of 32.74%[103] - Net profit attributable to shareholders reached 131.16 million yuan, up 32.26% compared to the previous year[103] - Operating costs rose by 37.62% to 293.32 million yuan, primarily due to increased sales of 3D printing equipment[104] - The gross profit margin was 51.60%, a decrease of 1.72 percentage points from the previous year[103] - The net cash flow from operating activities decreased by 11.41 million yuan to 16.09 million yuan, attributed to increased inventory purchases[104] - The company completed its initial public offering, resulting in a net cash inflow from financing activities of 1.02 billion yuan, an increase of 101.86 million yuan year-on-year[104] Market Expansion and Sales Strategy - The marketing team utilizes industry exhibitions, online and offline forums, and media to enhance brand image and explore potential customers[10] - The direct sales model focuses on industrial clients, with regional sales teams coordinating technical and business support to meet client needs[12] - The company has established wholly-owned subsidiaries in the US and Europe to promote its brand and expand local market presence, covering over 30 major countries and regions globally[13] - The company has been actively participating in international 3D printing exhibitions, enhancing its global brand recognition[13] - The company plans to explore and expand its business in the low-altitude economy sector, leveraging its core technology and market foundation[118] - The company has established subsidiaries in Austin, USA, and Stuttgart, Germany, expanding its global sales network to over 30 countries and regions[64] Research and Development - The company has invested approximately ¥11.5 million in upgrading its metal additive manufacturing system, achieving multiple technical optimizations and equipment iterations[35] - The company has allocated around ¥8.5 million for the upgrade of its polymer additive manufacturing system, focusing on continuous performance improvement based on long-term application feedback[35] - The company has completed the development of a self-controlled system for additive manufacturing, with an investment of approximately ¥3.5 million, enhancing design precision and standardization[35] - The company has participated in the formulation of 14 national standards and 6 industry standards for additive manufacturing technology, showcasing its leadership in the field[19] - The company aims to maintain industry-leading levels in its technology upgrades and applications, driven by market demand and technological advancements[35] - The company has a high-level R&D team with expertise across various fields, ensuring sustained innovation capabilities[19] - The company is focused on continuous innovation in the selective laser melting (SLM) and selective laser sintering (SLS) fields, establishing a complete technical system[88] - The company plans to enhance its competitiveness by increasing R&D investment and improving market expansion capabilities[167] Governance and Compliance - The company has committed to transparency and accountability regarding its IPO disclosures, ensuring no misleading information is presented[55] - The company has committed to ensuring that the prospectus for its initial public offering on the Sci-Tech Innovation Board does not contain any false statements or misleading omissions, and will bear legal responsibility for its accuracy and completeness[20] - The controlling shareholder has pledged that no substantial competition will exist between the company and any other enterprises they control, and will transfer any competing business to unrelated third parties if necessary[148] - The controlling shareholder has confirmed that there have been no significant related-party transactions with the company in the past three years, except those disclosed in the prospectus[149] - The company has established a commitment to avoid and regulate related-party transactions, ensuring that any necessary transactions are conducted at fair market prices[152] - The company’s management has pledged to adhere strictly to legal regulations and internal governance regarding related-party transactions[152] - The company has a legal obligation to compensate investors for any losses resulting from false statements or omissions in its IPO prospectus[20] - The company has established a governance structure that includes a board of directors, supervisory board, and various specialized committees to ensure compliance with laws and regulations[193] Environmental and Social Responsibility - The company has implemented measures to ensure that waste and pollutants are treated in compliance with standards, including wastewater, waste gas, and solid waste[198] - The company will strictly adhere to the requirements of the China Securities Regulatory Commission regarding ESG practices and information disclosure[193] - The company has not faced any administrative penalties related to environmental issues during the reporting period[180] - The company has established a system for the collection and treatment of various types of waste, ensuring compliance with disposal standards[200] - The company is committed to protecting the legitimate rights and interests of all shareholders, especially minority shareholders[169] Talent and Human Resources - The company plans to attract and cultivate talent in additive manufacturing technology through various methods, including self-training and collaboration, focusing on innovation and application experience[143] - The company’s salary adjustments are linked to its economic performance and consider employee growth, performance contributions, and competitive market conditions[185] - The company has committed to improving its compensation system to align with the requirements for compensating diluted immediate returns[1] - The total hours of outsourced labor amounted to 147,083 hours, with total payments for outsourced labor reaching CNY 4,634,482.30[186] Risk Management - The company is facing risks related to technological iteration and competition from larger multinational companies in the additive manufacturing industry[67] - The company will strengthen internal controls and improve operational efficiency to manage risks effectively[167]