| 2023 | 年年度股东大会会议议程 | | | 2 | | --- | --- | --- | --- | --- | | 2023 | 年年度股东大会会议须知 | | | 4 | | 议案一 | 关于公司 | 2023 | 年度董事会工作报告的议案 | 7 | | 议案二 | 关于公司 | 2023 | 年度独立董事述职报告的议案 | 15 | | 议案三 | 关于公司 | 2023 | 年度监事会工作报告的议案 | 16 | | 议案四 | 关于公司《2023 | | 年年度报告》及其摘要的议案 | 21 | | 议案五 | 关于公司 | 2023 | 年度财务决算报告的议案 | 22 | | 议案六 | 关于公司 | 2024 | 年度财务预算报告的议案 | 30 | | 议案七 | 关于公司 | 2023 | 年度利润分配方案的议案 | 33 | | 议案八 | 关于公司 | 2023 | 年度关联交易确认和 2024 年度日常关联交易预计的议案 | 34 | | 议案九 | | | 关于修订《公司章程》的议案 | 45 | | 议案十 | 关于公司董事 2024 | | 年薪酬的议案 | 53 ...

关于召开 2023 年度暨 2024 年第一季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。 https://roadshow.sseinfo.com/） 会议召开方式：上证路演中心网络互动 证券代码：688456 证券简称：有研粉材 公告编号：2024-016 有研粉末新材料股份有限公司 重要内容提示： 三、参加人员 董事长、总经理：贺会军先生 投资者可于 2024 年 05 月 14 日（星期二）至 05 月 20 日（星期一）16:00 前登录上证路演中心网站首页点击"提问预征集"栏目或通过公司邮箱 yyfm@gripm.com 进行提问。公司将在说明会上对投资者普遍关注的问题进行回 答。 有研粉末新材料股份有限公司（以下简称公司）已于 2024 年 4 月 27 日和 2024 年 4 月 30 日分别发布了公司 2023 年年度报告和 2024 年第一季度报告， 为便于广大投资者更全面深入地了解公司 2023 年度和 2024 年第一季度经营成 果、财务状况，公司计划于 2024 年 05 月 ...

Investment Rating - The investment rating for the company is "Buy-A" with a 6-month target price of 47.04 CNY per share, while the current stock price is 35.12 CNY [2][31]. Core Insights - The company is a leading enterprise in metal powder materials, with significant growth potential in 3D printing and electronic paste sectors [4][6]. - The company reported a total gross profit of 223 million CNY in 2023, representing a year-on-year increase of 9.49%, with a gross margin of 8.31% [5]. - The company plans to expand its production capacity and explore new product technology iterations, particularly in the electronic paste and 3D printing sectors [6][44]. Financial Performance - In 2023, the revenue from 3D printing powder materials was 30.45 million CNY, up 42.98% year-on-year, with a gross margin of 29.70% [9]. - The revenue from copper-based metal powder materials was 1.528 billion CNY, a year-on-year increase of 0.76%, with a gross margin of 7.76% [15]. - The revenue from microelectronic tin-based solder powder materials was 800 million CNY, down 13.53% year-on-year, with a gross margin of 8.50% [15]. Growth Strategy - The company aims to double its sales in the 3D printing sector in 2024 and is actively expanding its customer base [9][30]. - The company is progressing with its fundraising projects, including the establishment of production bases in Thailand and Chongqing, which are expected to enhance production capacity significantly [30]. Market Outlook - The company is expected to achieve revenues of 3.3704 billion CNY, 3.9131 billion CNY, and 3.9288 billion CNY for the years 2024, 2025, and 2026 respectively, with corresponding net profits of 103.3 million CNY, 146.9 million CNY, and 155 million CNY [19][31].

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 ...