hao 证券代码：688456 证券简称：有研粉材 公告编号：2024-015 有研粉末新材料股份有限公司 关于召开 2023 年年度股东大会的通知 召开日期时间：2024 年 5 月 27 日 14 点 30 分 召开地点：北京市怀柔区雁栖经济开发区雁栖路 3 号 1 幢有研粉材会议室 （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： 一、 召开会议的基本情况 （一） 股东大会类型和届次 2023 年年度股东大会 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 2024 年 5 月 27 日 至 2024 年 5 月 27 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：2024年5月27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 ...

长江证券承销保荐有限公司 关于有研粉末新材料股份有限公司 2023 年度持续督导工作现场检查报告 长江证券承销保荐有限公司（以下简称"长江保荐"或"保荐机构"）作为 有研粉末新材料股份有限公司（以下简称"有研粉材"或"公司"）首次公开发 行股票并在科创板上市的保荐机构，负责有研粉材的持续督导工作。根据中国证 监会《证券发行上市保荐业务管理办法》《上海证券交易所科创板股票上市规则》 等有关法律法规的要求，于 2024 年 4 月 22 日至 2024 年 4 月 25 日对公司进行了 现场检查，本次现场核查对应的持续督导期间为 2023 年 1 月 1 日至 2023 年 12 月 31 日（以下简称"本持续督导期间"）。现将本次现场检查情况报告如下： 一、本次现场检查的基本情况 （一）保荐机构 长江证券承销保荐有限公司 （二）保荐代表人 李海波、陈国潮 （三）现场检查时间 2024 年 4 月 22 日至 2024 年 4 月 25 日 （四）现场检查人员 李海波、朱伟 （五）现场检查内容 公司治理和内部控制情况，信息披露情况，公司的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，募集资金使用情况 ...

关于有研粉末新材料股份有限公司 2023 年度持续督导跟踪报告 长江证券承销保荐有限公司（以下简称"长江保荐"或"保荐机构"）作为 有研粉末新材料股份有限公司（以下简称"有研粉材"或"公司"）首次公开发 行股票并在科创板上市的保荐机构，根据中国证监会《证券发行上市保荐业务管 理办法》《上海证券交易所科创板股票上市规则》等有关法律法规的要求，负责 有研粉材上市后的持续督导工作，并出具本持续督导跟踪报告。 | 序号 | 工作内容 | 持续督导情况 | | --- | --- | --- | | 1 | 建立健全并有效执行持续督导工作制度，并针对 具体的持续督导工作制定相应的工作计划 | 保荐机构已建立健全并有效执 行了持续督导制度，并制定了相 | | | | 应的工作计划 | | | 根据中国证监会相关规定，在持续督导工作开始 | 保荐机构已与有研粉材签订《保 | | | 前，与上市公司或相关当事人签署持续督导协 | 荐协议》，该协议明确了双方在 | | 2 | 议，明确双方在持续督导期间的权利义务， 并 | 持续督导期间的权利和义务，并 | | | 报上海证券交易所备案 | 报上海证券交易所备案 | | | 通 ...

Investment Rating - The report maintains a "Recommended" rating for the company, with a current price of 29.50 yuan [15]. Core Insights - The company, Youyan Powder Materials (688456.SH), reported a revenue of 2.681 billion yuan in 2023, a decrease of 3.58% year-on-year, and a net profit attributable to shareholders of 55 million yuan, down 0.59% year-on-year. The first quarter of 2024 showed a revenue of 661 million yuan, a year-on-year increase of 8.76% [12][14]. - The company is a leader in copper-based and tin-based powder materials in China, with ongoing projects expected to expand production capacity significantly. The 3D printing powder materials segment is anticipated to contribute to new growth as market demand increases [12][14]. Financial Summary Income Statement - Revenue for 2023 was 2,681 million yuan, with a projected increase to 3,139 million yuan in 2024, representing a growth rate of 17.1% [14]. - The net profit attributable to shareholders is expected to rise from 55 million yuan in 2023 to 72 million yuan in 2024, reflecting a growth rate of 29.8% [14]. Balance Sheet - Total assets are projected to grow from 1,581 million yuan in 2023 to 1,791 million yuan in 2026 [12]. - The company's cash ratio is expected to improve from 0.61 in 2023 to 0.99 in 2025, indicating better liquidity [12]. Key Ratios - The projected PE ratio is expected to decrease from 55 in 2023 to 24 in 2026, suggesting an improvement in valuation as earnings grow [14]. - The projected ROE is expected to increase from 4.74% in 2023 to 7.80% in 2025, indicating enhanced profitability [12].

Investment Rating - The report maintains a "Recommended" rating for the company [2][3]. Core Views - The company is a leader in domestic copper-based and tin-based powder materials, with production capacity expansion expected from fundraising projects and the gradual market demand increase for 3D printing powder materials, which is anticipated to contribute to performance growth [2]. - The company achieved a revenue of 2.681 billion yuan in 2023, a decrease of 3.58% year-on-year, with a net profit attributable to shareholders of 55 million yuan, down 0.59% year-on-year [5][6]. - The company is actively expanding its product categories, including electrolytic copper powder, atomized copper/alloy powder, and electronic-grade copper oxide powder, which are expected to contribute to long-term growth [2]. Summary by Sections Sales Volume and Revenue - In 2023, the company sold approximately 23,118.26 tons of copper powder (up 0.93% year-on-year), 2,955.11 tons of tin powder (down 5.86% year-on-year), 89.78 tons of 3D printing powder (up 22.38% year-on-year), and 334.98 tons of electronic slurry (up 133.11% year-on-year) [2]. - The company's gross profit margin for 2023 was 8.31%, an increase of 0.96 percentage points year-on-year [2]. Financial Performance - The company reported a net profit margin of 2.06% for 2023, with projected net profits of 72 million yuan, 100 million yuan, and 127 million yuan for 2024, 2025, and 2026, respectively [6]. - The projected PE ratios for 2024, 2025, and 2026 are 43, 30, and 24, respectively, based on the stock price as of April 30 [5][6]. Production Capacity and Strategic Initiatives - The copper-based powder segment is expected to reach a total production capacity of 40,000 tons following the commissioning of the Chongqing base and the Thailand project [2]. - The tin-based powder segment will have a total production capacity of 5,000 tons after the fundraising projects are completed [2]. - The company has established a subsidiary, Youyan Nami, to focus on electronic slurry business, enhancing value-added offerings [2].

Financial Performance - The company's operating revenue for Q1 2024 was ¥661,188,774.72, representing an increase of 8.76% compared to the same period last year[5]. - The net profit attributable to shareholders decreased by 8.44% to ¥9,778,867.36, while the net profit after deducting non-recurring gains and losses fell by 37.29% to ¥6,186,262.87[5][6]. - Basic and diluted earnings per share were both ¥0.09, down 10.00% from the previous year[6]. - The company reported a year-on-year revenue growth of 9% in Q1 2024, with sales volume increasing by 11%[12]. - Net profit for Q1 2024 was ¥9,919,482.48, a decrease of 11.0% from ¥11,139,780.53 in Q1 2023[20]. - Earnings per share for Q1 2024 were ¥0.09, down from ¥0.10 in Q1 2023[21]. - The company reported a decrease in other comprehensive income, with a net amount of -¥2,334,441.74 in Q1 2024 compared to ¥3,119,174.40 in Q1 2023[21]. Cash Flow and Liquidity - The net cash flow from operating activities was negative at -¥76,162,018.24, showing a slight improvement of 1.80% year-on-year[5]. - Cash inflow from investment activities totaled $60.19 million, a significant increase from $11.73 million in the prior quarter[24]. - The total cash and cash equivalents at the end of the period were $153.23 million, compared to $193.75 million at the end of the previous quarter[25]. - The cash inflow from operating activities was $501.85 million, compared to $474.17 million in the previous quarter[24]. - The company reported a cash outflow of $578.01 million from operating activities, an increase from $551.72 million in the previous quarter[24]. - The impact of exchange rate changes on cash and cash equivalents was -$140.66 thousand, contrasting with a positive impact of $579.74 thousand in the previous quarter[25]. Assets and Liabilities - The total assets at the end of the reporting period were ¥1,601,796,832.33, reflecting a 1.32% increase from the end of the previous year[6]. - Total liabilities as of Q1 2024 amounted to ¥416,314,842.36, up from ¥403,167,396.81 in the previous year[17]. - The total assets of the company reached ¥1,601,796,832.33, up from ¥1,580,944,413.19, indicating a growth of approximately 1.4%[15]. - The company’s non-current assets totaled ¥495,902,024.51, slightly down from ¥502,147,184.42, reflecting a decrease of about 1.5%[15]. - The total equity for Q1 2024 was ¥1,185,481,989.97, compared to ¥1,177,777,016.38 in Q1 2023, reflecting a slight increase of 0.6%[17]. Expenses and Costs - Total operating costs for Q1 2024 were ¥652,853,196.03, up from ¥594,107,285.25 in Q1 2023, reflecting a year-over-year increase of 9.8%[19]. - Research and development expenses totaled ¥24,656,355.62, accounting for 3.73% of operating revenue, which is an increase of 0.48 percentage points year-on-year[6]. - Research and development expenses for Q1 2024 totaled ¥24,656,355.62, an increase of 24.5% from ¥19,774,462.14 in Q1 2023[19]. - The company’s financial expenses for Q1 2024 were ¥977,620.40, an increase from ¥630,732.96 in Q1 2023[20]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 4,220[10]. - The weighted average return on equity was 0.84%, down 11.58% compared to the previous year[6]. Government Support and Market Conditions - The company received government subsidies amounting to ¥6,336,680.87, which positively impacted the financial results[7]. - The company faced a decline in profits due to fluctuations in raw material prices in the copper substrate sector and decreased export demand in the tin substrate sector[12]. - The company is actively expanding into new fields and markets to cultivate new productive forces[12]. Inventory and Receivables - Accounts receivable increased significantly to ¥321,347,675.66 from ¥189,895,364.92, marking a rise of about 69%[15]. - The company reported a decrease in inventory to ¥226,833,050.25 from ¥242,118,702.78, a reduction of about 6.3%[15]. Financing Activities - The company has not engaged in any financing or securities lending activities during the reporting period[12]. - The net cash flow from financing activities was $4.89 million, down from $71.70 million in the previous quarter[25]. - The company received $77.18 million in borrowings, a decrease from $95.08 million in the previous quarter[25]. - Cash outflow for purchasing fixed assets and intangible assets was $10.14 million, down from $35.87 million in the prior quarter[24]. - The company paid $70.70 million in debt repayments, significantly higher than $22.34 million in the previous quarter[25]. Derivative Financial Assets - The company’s derivative financial assets increased to ¥60,693,897.00 from ¥4,755,625.42, showing a substantial rise[14].

有研粉末新材料股份有限公司 2023 年度 内部控制审计报告 联系申话: 北京市东城区朝阳门北大街 师事务所 olic accountants 内部控制审计报告 XYZH/2024BJAA16B0078 按照《企业内部控制基本规范》 、《企业内部控制应用指引》 、《企业内部控制评价 指引》的规定,建立健全和有效实施内部控制,并评价其有效性是有研粉材公司董事会的 责任。 二、注册会计师的责任 我们的责任是在实施审计工作的基础上,对财务报告内部控制的有效性发表审计意 见,并对注意到的非财务报告内部控制的重大缺陷进行披露。 三、内部控制的固有局限性 内部控制具有固有局限性,存在不能防止和发现错报的可能性。此外,由于情况的变 化可能导致内部控制变得不恰当,或对控制政策和程序遵循的程度降低,根据内部控制审 计结果推测未来内部控制的有效性具有一定风险。 l 有研粉末新材料股份有限公司 有研粉末新材料股份有限公司全体股东: 按照《企业内部控制审计指引》及中国注册会计师执业准则的相关要求,我们审计了 有研粉末新材料股份有限公司(以下简称有研粉材公司)2023年12月31日财务报告内 部控制的有效性。 一、企业对内部控制的责任 ...

有研粉末新材料股份有限公司 2023 年度 审计报告 | 索引 | 项码 | | --- | --- | | 审计报告 | 1-4 | | 公司财务报表 | | | 合并资产负债表 | 1-2 | | 母公司资产负债表 | 3-4 | | 合并利润表 | 5 | | 母公司利润表 | 6 | | 合并现金流量表 | 7 | | 母公司现金流量表 | 8 | | 合并股东权益变动表 | 9-10 | | 母公司股东权益变动表 | 11-12 | | 财务报表附注 | 13-106 | 联系电话: T事务所| 北京市东城区朝阳门北大街 8号富华大厦 A 座 9 层 certified public accountants 审计报告 XYZH/2024BJAA16B0077 有研粉末新材料股份有限公司 有研粉末新材料股份有限公司全体股东: 一、审计意见 我们审计了有研粉末新材料股份有限公司(以下简称"有研粉材公司")财务报表, 包括 2023年 12月 31 日的合并及母公司资产负债表,2023年度合并及母公司利润表、合 并及母公司现金流量表、合并及母公司股东权益变动表以及相关财务报表附注。 我们认为,后附的财务报 ...

2023 年度 募集资金年度存放与使用情况鉴证报告 | 索引 | 页码 | | --- | --- | | 鉴证报告 | 1-2 | | 关于募集资金 2023 年度存放与使用情况的专项报告 | 1-11 | 信永中和会计师事务所| 北京市东城区朝阳门北大街 8 号富华大厦 A座 9 层 certified public accountants Donachena Dis 有研粉末新材料股份有限公司 募集资金年度存放与使用情况鉴证报告 XYZH/2024BJAA16F0162 有研粉末新材料股份有限公司 有研粉末新材料股份有限公司全体股东: 我们对后附的有研粉末新材料股份有限公司(以下简称"有研粉材公司")关于募集资 金 2023 年度存放与使用情况的专项报告（以下简称募集资金年度存放与使用情况专项报 告)执行了鉴证工作。 有研粉材公司管理层的责任是按照中国证券监督委员会发布的《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》（证监会公告[2012]44 号）、《上 海证券交易所科创板上市公司自律监管指引第 1 号一规范运作》及相关规定编制募集资金 年度存放与使用情况专项报告。这种责任包括 ...