证券代码：688560 证券简称：明冠新材 公告编号：2024-048 明冠新材料股份有限公司 关于召开 2024 年半年度业绩说明会的公告 （网址：http://roadshow.sseinfo.com） 一、 说明会类型 本次业绩说明会以网络互动形式召开，公司将针对 2024 年半年 会议召开时间：2024 年 9 月 20 日(星期五)下午 13:00-14:00 会议召开地点：上海证券交易所上证路演中心（网址： http://roadshow.sseinfo.com/） 会议召开方式：上证路演中心网络互动 度的经营成果及财务指标的具体情况与投资者进行互动交流和沟通， 在信息披露允许的范围内就投资者普遍关注的问题进行回答。 二、 说明会召开的时间、地点 （一）会议召开时间：2024 年 9 月 20 日（星期五）下午 13:00-14:00 （二） 会议召开地点：上证路演中心 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： 投资者可于2024 年9 月11 日(星期三)至9月19 日(星期四)16:0 ...

证券代码：688560 证券简称：明冠新材 公告编号：2024-046 （一）增持主体的名称：云南宇泽电力有限公司 1 （二）截至本公告披露日，本次增持主体宇泽电力直接持有公司 0 股，占公 司股份总数的 0%。闫洪嘉先生直接持有公司 51,000,000 股，占公司股份总数的 25.34%；闫勇先生直接持有公司 830,000 股，占公司股份总数的 0.41%；闫勇先 生通过上海博强投资有限公司间接控制公司 21,517,700 股，占公司股份总数的 10.69%，通过滨州嘉博银商贸经销合伙企业（有限合伙）间接控制公司 1,520,000 股，占公司股份总数的 0.76%。 明冠新材料股份有限公司 关于实际控制人控制的企业增持公司股份计划的公告 本公司董事会、全体董事及相关股东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： 云南宇泽电力有限公司（以下简称"宇泽电力"）为云南宇泽新能源股份 有限公司全资子公司，其实际控制人为闫洪嘉先生、闫勇先生。明冠新材料股份 有限公司（以下简称"公司"）于 2024 年 8 月 28 日收到 ...

Section I Definitions [I. Definitions](index=5&type=section&id=%E4%B8%80%E3%80%81%E9%87%8A%E4%B9%89) This chapter provides detailed explanations of company names, subsidiaries, reporting period, laws, regulations, and professional terms related to the photovoltaic and lithium battery industries, ensuring clarity and accuracy of the report content - The reporting period is defined as January 1, 2023, to December 31, 2023[9](index=9&type=chunk) - The company's main products include solar cell backsheets, solar encapsulant films, and aluminum-plastic films, with definitions provided for professional terms such as BO, KPK/KPM/K series, and TPT/TPM structures[9](index=9&type=chunk)[10](index=10&type=chunk) Section II Company Profile and Key Financial Indicators [I. Company Basic Information](index=6&type=section&id=%E4%B8%80%E3%80%81%E5%85%AC%E5%8F%B8%E5%9F%BA%E6%9C%AC%E4%BF%A1%E6%81%AF) This section provides basic information about Mingguan New Materials Co., Ltd., including its name, registered address, legal representative, contact details, stock ticker, and code, offering investors a general overview of the company - The company's Chinese name is Mingguan New Materials Co., Ltd., abbreviated as Mingguan New Materials[11](index=11&type=chunk) - The company's legal representative is Yan Hongjia, with its registered address at No. 32 Jingfa Avenue, Yichun Economic and Technological Development Zone, Yichun City, Jiangxi Province[11](index=11&type=chunk) - The company's stock is A-shares, listed on the STAR Market of the Shanghai Stock Exchange, with stock code **688560**[16](index=16&type=chunk) [VI. Key Accounting Data and Financial Indicators for the Past Three Years](index=8&type=section&id=%E5%85%AD%E3%80%81%E8%BF%91%E4%B8%89%E5%B9%B4%E4%B8%BB%E8%A6%81%E4%BC%9A%E8%AE%A1%E6%95%B0%E6%8D%AE%E5%92%8C%E8%B4%A2%E5%8A%A1%E6%8C%87%E6%A0%87) In 2023, the company's operating revenue decreased by **19.82%** year-on-year, and net profit attributable to shareholders significantly dropped by **122.76%** to a loss of **CNY 23.88 million**, primarily due to reduced demand for PV backsheets, lower product prices, increased losses in aluminum-plastic film business, and inventory impairment losses; however, net cash flow from operating activities increased by **155.95%** year-on-year, driven by lower raw material prices and optimized inventory management Key Accounting Data for the Past Three Years | Indicator | 2023 (CNY) | 2022 (CNY) | Year-on-year Change (%) | | :--- | :--- | :--- | :--- | | Operating Revenue | 1,396,281,787.16 | 1,741,534,018.57 | -19.82 | | Net Profit Attributable to Shareholders of Listed Company | -23,875,433.21 | 104,898,278.52 | -122.76 | | Net Cash Flow from Operating Activities | 212,401,993.61 | 82,984,174.48 | 155.95 | | Net Assets Attributable to Shareholders of Listed Company (Period-end) | 2,866,939,606.98 | 3,136,833,159.44 | -8.60 | | Total Assets (Period-end) | 3,406,609,846.37 | 3,749,275,141.50 | -9.14 | Key Financial Indicators for the Past Three Years | Indicator | 2023 | 2022 | Year-on-year Change (%) | | :--- | :--- | :--- | :--- | | Basic Earnings Per Share (CNY/share) | -0.12 | 0.63 | -119.05 | | Basic Earnings Per Share Excluding Non-recurring Gains and Losses (CNY/share) | -0.18 | 0.57 | -131.58 | | Weighted Average Return on Net Assets (%) | -0.80 | 6.63 | Decreased by 7.43 percentage points | | R&D Expenditure as a Percentage of Operating Revenue (%) | 3.94 | 3.92 | Increased by 0.02 percentage points | - The significant decline in net profit was primarily due to the decrease in single-glass module share in the global PV market, leading to reduced demand and gross margin for solar cell backsheets; intensified competition in solar cell encapsulant film business resulting in losses; insufficient demand for aluminum-plastic film, leading to lower sales volume and prices, and increased losses; and the provision for inventory impairment losses[21](index=21&type=chunk) - Net cash flow from operating activities increased by **155.95%**, mainly due to lower raw material prices, the company's strengthened inventory management reducing procurement expenditures, and a decrease in accounts receivable at period-end due to lower operating revenue in the fourth quarter[22](index=22&type=chunk) [VIII. 2023 Quarterly Key Financial Data](index=10&type=section&id=%E5%85%AB%E3%80%812023%20%E5%B9%B4%E5%88%86%E5%AD%A3%E5%BA%A6%E4%B8%BB%E8%A6%81%E8%B4%A2%E5%8A%A1%E6%95%B0%E6%8D%AE) The company's 2023 quarterly financial data shows a significant decline in operating revenue in the fourth quarter, with net profit attributable to shareholders and net profit excluding non-recurring gains and losses turning into losses in the third and fourth quarters, particularly the largest loss in Q4, reflecting intensified market competition and increased operational pressure in the second half of the year 2023 Quarterly Key Financial Data | Item | Q1 (Jan-Mar) (CNY) | Q2 (Apr-Jun) (CNY) | Q3 (Jul-Sep) (CNY) | Q4 (Oct-Dec) (CNY) | | :--- | :--- | :--- | :--- | :--- | | Operating Revenue | 401,127,650.03 | 434,693,155.18 | 330,054,207.92 | 230,406,774.03 | | Net Profit Attributable to Shareholders of Listed Company | 19,427,040.61 | 27,304,735.86 | -7,499,326.79 | -63,107,882.89 | | Net Profit Attributable to Shareholders of Listed Company Excluding Non-recurring Gains and Losses | 17,839,505.82 | 30,796,102.26 | -9,129,631.85 | -75,370,278.31 | | Net Cash Flow from Operating Activities | -74,476,251.63 | 31,082,782.88 | 172,775,937.60 | 83,019,524.76 | [IX. Non-recurring Gains and Losses Items and Amounts](index=10&type=section&id=%E4%B9%9D%E3%80%81%E9%9D%9E%E7%BB%8F%E5%B8%B8%E6%80%A7%E6%8D%9F%E7%9B%8A%E9%A1%B9%E7%9B%AE%E5%92%8C%E9%87%91%E9%A2%9D) In 2023, the company's total non-recurring gains and losses amounted to **CNY 11.99 million**, primarily from disposal gains on non-current assets, government grants, and wealth management interest income, partially offset by share-based payment expenses and non-operating expenses, representing an increase compared to 2022 Non-recurring Gains and Losses Items and Amounts | Non-recurring Gains and Losses Item | 2023 Amount (CNY) | 2022 Amount (CNY) | 2021 Amount (CNY) | | :--- | :--- | :--- | :--- | | Gains/Losses on Disposal of Non-current Assets | 9,576,652.20 | -2,087,177.74 | -4,529,792.30 | | Government Grants Included in Current Profit/Loss | 7,879,005.72 | 18,231,417.18 | 25,987,224.16 | | Gains/Losses from Changes in Fair Value and Disposal of Financial Assets and Liabilities | 5,740,000.00 | 0 | 5,370,713.94 | | Share-based Payment Expenses Recognized Once Due to Cancellation or Modification of Equity Incentive Plan | -5,897,166.69 | 0 | 0 | | Total | 11,988,868.87 | 9,054,159.66 | 28,744,364.95 | [X. Items Measured at Fair Value](index=12&type=section&id=%E5%8D%81%E3%80%81%E9%87%87%E7%94%A8%E5%85%AC%E5%85%81%E4%BB%B7%E5%80%BC%E8%AE%A1%E9%87%8F%E7%9A%84%E9%A1%B9%E7%9B%AE) At the end of 2023, the company's total items measured at fair value amounted to **CNY 102.93 million**, a decrease from the beginning of the period, primarily comprising accounts receivable financing and other equity instrument investments, with **CNY 21 million** in new other equity instrument investments during the period Items Measured at Fair Value | Item Name | Beginning Balance (CNY) | Ending Balance (CNY) | Current Period Change (CNY) | Impact on Current Period Profit (CNY) | | :--- | :--- | :--- | :--- | :--- | | Accounts Receivable Financing | 114,085,809.82 | 81,932,563.83 | -32,153,245.99 | -1,552,512.94 | | Other Equity Instrument Investments | 0 | 21,000,000.00 | 21,000,000.00 | 0 | | Total | 114,085,809.82 | 102,932,563.83 | -11,153,245.99 | -1,552,512.94 | Section III Management Discussion and Analysis [I. Discussion and Analysis of Operations](index=12&type=section&id=%E4%B8%80%E3%80%81%E7%BB%8F%E8%90%A5%E6%83%85%E5%86%B5%E8%AE%A8%E8%AE%BA%E4%B8%8E%E5%88%86%E6%9E%90) In 2023, the company actively responded to intensified competition and N-type battery transition in the PV industry by adjusting product and customer structures, scaling up N-type encapsulant material production and sales, and advancing capacity expansion; despite declining product prices impacting revenue growth, the company maintained operational efficiency through cost reduction and efficiency improvement measures - The company focuses on the R&D and sales of N-type solar cell encapsulant materials, providing comprehensive solutions for TOPCon, HJT, IBC, and other N-type battery encapsulant materials[28](index=28&type=chunk) 2023 Production, Sales Volume, and Price Changes of Main Products | Product | Sales Volume (million sq.m) | Year-on-year Change in Sales Volume (%) | Year-on-year Decrease in Sales Price (%) | | :--- | :--- | :--- | :--- | | Solar Cell Backsheet | 95.76 | -7.6 | 25-28 | | PV Module Encapsulant Film | 63.93 | 174 | 25-28 | | Lithium Battery Aluminum-Plastic Film | 4.61 | -36 | 17.7 | - The company has expanded its comprehensive PV module encapsulation solutions to include 'solar cell backsheet + solar cell encapsulant film' and 'solar cell backsheet + solar cell encapsulant film + smart grid film' to mitigate risks from reduced backsheet demand due to increased bifacial module adoption[29](index=29&type=chunk) - The company has established an annual production capacity of **120 million square meters** of encapsulant film at its Yichun base and **100 million square meters** at its Vietnam base, reaching a total designed capacity of **220 million square meters**, and is advancing a **100 million square meter** annual BO backsheet expansion project[29](index=29&type=chunk)[31](index=31&type=chunk) - In 2023, BO-type backsheet shipments accounted for **76%** of total backsheet shipments, and encapsulant film revenue increased to **42%** of total module encapsulant material revenue[29](index=29&type=chunk) - The company actively develops top twenty global quality customers, maintains core clients like JA Solar and LONGi Green Energy, expands new clients such as Trina Solar and Canadian Solar, and is expanding encapsulant film capacity at its overseas Vietnam production base[30](index=30&type=chunk) - The lithium battery aluminum-plastic film business maintains existing clients like Ganfeng Lithium and Farasis Energy, while actively developing new clients such as ATL and Coslight, achieving sales of **4.61 million square meters** and revenue of **CNY 58.07 million** in 2023[30](index=30&type=chunk) - The company addresses intensified industry competition and achieves cost reduction and efficiency improvement through measures such as adjusting product pricing strategies, strengthening on-site production management to improve yield, optimizing inventory management, and accelerating the recovery of overdue payments[30](index=30&type=chunk) [II. Description of Main Business, Operating Model, Industry Conditions, and R&D During the Reporting Period](index=15&type=section&id=%E4%BA%8C%E3%80%81%E6%8A%A5%E5%91%8A%E6%9C%9F%E5%86%85%E5%85%AC%E5%8F%B8%E6%89%80%E4%BB%8E%E4%BA%8B%E7%9A%84%E4%B8%BB%E8%A6%81%E4%B8%9A%E5%8A%A1%E3%80%81%E7%BB%8F%E8%90%A5%E6%A8%A1%E5%BC%8F%E3%80%81%E8%A1%8C%E4%B8%9A%E6%83%85%E5%86%B5%E5%8F%8A%E7%A0%94%E5%8F%91%E6%83%85%E5%86%B5%E8%AF%B4%E6%98%8E) The company aims to be a comprehensive provider of new energy battery encapsulation solutions, with main products including solar cell backsheets, encapsulant films, and aluminum-plastic films; it operates on a build-to-order direct sales model and has achieved multiple technological breakthroughs and patent results in N-type high-efficiency PV module encapsulation materials and lithium battery aluminum-plastic films through continuous R&D investment, solidifying its industry position [(I) Main Business, Products, or Services](index=15&type=section&id=%EF%BC%88%E4%B8%80%EF%BC%89%E4%B8%BB%E8%A6%81%E4%B8%9A%E5%8A%A1%E3%80%81%E4%B8%BB%E8%A6%81%E4%BA%A7%E5%93%81%E6%88%96%E6%9C%8D%E5%8A%A1%E6%83%85%E5%86%B5) With a vision to be a leader in new energy battery encapsulation technology, the company's main business covers R&D, production, and sales of PV module encapsulation materials (solar cell backsheets, encapsulant films), lithium battery soft-pack encapsulation materials (aluminum-plastic films), and special protective films, among other composite film materials - The company's vision is to 'become a leader in new energy battery encapsulation technology,' committed to providing comprehensive new energy battery encapsulation solutions[32](index=32&type=chunk) - Main products include solar cell backsheets, solar encapsulant films, aluminum-plastic films, special protective films, and other composite film materials[32](index=32&type=chunk) [(II) Main Operating Model](index=15&type=section&id=%EF%BC%88%E4%BA%8C%EF%BC%89%E4%B8%BB%E8%A6%81%E7%BB%8F%E8%90%A5%E6%A8%A1%E5%BC%8F) The company adopts a build-to-order production model, with a centralized procurement department for raw materials, and a direct sales model targeting global large-scale PV module and lithium battery manufacturers, focusing on customer development, maintenance, and after-sales service - Procurement model: A centralized procurement department handles purchasing, conducting inquiries and comparisons based on the 'Material Requirements Plan,' with strict acceptance by the quality department[33](index=33&type=chunk) - Production model: Build-to-order, with inventory prepared for general specifications and production based on orders for non-general specifications, involving order reception, review, plan implementation, quality control, and shipping[33](index=33&type=chunk) - Sales model: Direct sales, with the marketing center responsible for market promotion, customer development and maintenance, product sales management, and customer relationship management, primarily serving large global PV module and lithium battery enterprises[33](index=33&type=chunk)[34](index=34&type=chunk) [(III) Industry Conditions](index=16&type=section&id=%EF%BC%88%E4%B8%89%EF%BC%89%E6%89%80%E5%A4%84%E8%A1%8C%E4%B8%9A%E6%83%85%E5%86%B5) Driven by 'dual carbon' policies and global energy transition, the PV industry continues rapid growth, with China leading in new installed capacity and N-type technology becoming a focal point; the company maintains a leading position in PV module encapsulation materials and continuously invests in R&D to adapt to market changes and technological upgrades - In 2023, China's new PV installed capacity increased by **148.1%** year-on-year, with crystalline silicon module output exceeding **499 GW**, a **69%** year-on-year increase; N-type technology is rapidly emerging, with TOPCon cell capacity reaching **560 GW**, and N-type cell penetration is expected to continue increasing in 2024[35](index=35&type=chunk)[36](index=36&type=chunk) - The company's PV module encapsulation materials, such as solar cell backsheets and encapsulant films, maintain high-quality development in the PV industry, committed to providing comprehensive N-type solar cell encapsulation solutions[37](index=37&type=chunk) - The company's BO-type backsheets and special backsheets achieved production and sales of **95.76 million square meters**, with existing capacity and production/sales scale ranking in the industry's first tier; encapsulant film production and sales reached **63.93 million square meters**, with sales volume increasing by **174%** year-on-year[37](index=37&type=chunk) - The company has developed six core technology systems for composite film materials with independent intellectual property rights and participated in drafting multiple national and industry standards[38](index=38&type=chunk) - In 2023, total R&D expenditure was **CNY 55.05 million**, accounting for **3.94%** of operating revenue; the company has **73** R&D personnel, approximately **10.24%** of its total employees[38](index=38&type=chunk)[55](index=55&type=chunk) - During the reporting period, guided by R&D for next-generation high-efficiency N-type module encapsulation materials, BC cells, and HJT cells, the company successfully developed new products such as transparent grid backsheets for bifacial solar cell modules, high-water-barrier backsheets for new TOPCon cell PV modules, interconnecting carrier films for HJT solar cells, HJT encapsulant films, and 3C battery aluminum-plastic film specific CPP[38](index=38&type=chunk)[39](index=39&type=chunk) - In 2023, the company filed **23** new patent applications, obtained **10** new authorized patents, accumulating a total of **129** authorized patents, including **39** authorized invention patents[40](index=40&type=chunk)[42](index=42&type=chunk) [(IV) Core Technologies and R&D Progress](index=19&type=section&id=%EF%BC%88%E5%9B%9B%EF%BC%89%E6%A0%B8%E5%BF%83%E6%8A%80%E6%9C%AF%E4%B8%8E%E7%A0%94%E5%8F%91%E8%BF%9B%E5%B1%95) Through continuous R&D investment, the company has established six core technology systems for composite film materials, including functional polymer film development and special adhesive formulation, achieving multiple innovations and patents in N-type PV module encapsulation materials and lithium battery aluminum-plastic films; in 2023, R&D investment totaled **CNY 55.05 million**, with **73** R&D personnel, and several ongoing projects made significant progress - The company's core technology systems include functional polymer film development technology, special adhesive development technology, material interface treatment technology, material optical design technology, precision coating and compounding technology, and functional material dispersion technology[41](index=41&type=chunk)[57](index=57&type=chunk)[58](index=58&type=chunk)[59](index=59&type=chunk) - Total R&D expenditure in 2023 was **CNY 55.05 million**, accounting for **3.94%** of operating revenue, a **19.44%** decrease from the previous year[43](index=43&type=chunk) - The company has **73** R&D personnel, accounting for **10.24%** of its total workforce, with **45** holding master's degrees or higher[55](index=55&type=chunk)[56](index=56&type=chunk) 2023 R&D Project Status | No. | Project Name | Estimated Total Investment Scale (CNY) | Amount Invested in Current Period (CNY) | Cumulative Investment Amount (CNY) | Progress or Phased Achievements | | :--- | :--- | :--- | :--- | :--- | :--- | | 1 | R&D of CPP for 3C Battery Aluminum-Plastic Film | 2,000,000.00 | 870,027.59 | 1,813,886.59 | Completed medium-batch trial production and stable mass application at client-side | | 3 | R&D of a Fast Heat-Seal Thermal Process Aluminum-Plastic Film Product | 8,000,000.00 | 1,363,661.48 | 2,601,576.66 | Small-batch trial production and samples sent to clients for testing | | 11 | Development of Transparent Grid Backsheet for Bifacial Solar Cell Modules | 5,500,000.00 | 3,352,340.89 | 5,706,771.54 | Successfully conducted trial mass production, shipped small batches to clients, and client verification passed | | 13 | R&D of High-Water-Barrier Backsheet for New TOPCon Cell PV Modules | 3,000,000.00 | 1,489,645.06 | 1,489,645.06 | Large-batch trial production | [III. Analysis of Core Competencies During the Reporting Period](index=31&type=section&id=%E4%B8%89%E3%80%81%E6%8A%A5%E5%91%8A%E6%9C%9F%E5%86%85%E6%A0%B8%E5%BF%83%E7%AB%9E%E4%BA%89%E5%8A%9B%E5%88%86%E6%9E%90) The company's core competitiveness lies in its six proprietary core technology systems for composite film materials, encompassing functional polymer film development, special adhesive formulation, material interface treatment, material optical design, precision coating and compounding, and functional material dispersion technologies, which are crucial for the industrialization of solar cell backsheets and lithium battery aluminum-plastic films, and are recognized through participation in national and industry standard setting - The company has developed six core technology systems, including functional polymer film development technology, special adhesive development technology, material interface treatment technology, material optical design technology, precision coating and compounding technology, and functional material dispersion technology[57](index=57&type=chunk)[58](index=58&type=chunk)[59](index=59&type=chunk) - The company participated as a primary drafting unit in the national standard 'GB/T31034-2014 Insulating Backsheets for Crystalline Silicon Solar Cell Modules' and as a deputy leader unit in drafting the group standard 'T/CIAPS0005-2018 Aluminum-Plastic Composite Film for Lithium-ion Batteries'[58](index=58&type=chunk) - The company has achieved multiple pioneering records in the solar cell backsheet field, including the first 1500V backsheet, the first BO backsheet, and the first black high-reflectivity backsheet[38](index=38&type=chunk) [IV. Risk Factors](index=33&type=section&id=%E5%9B%9B%E3%80%81%E9%A3%8E%E9%99%A9%E5%9B%A0%E7%B4%A0) The company faces multiple risks, including declining performance or losses, insufficient core competitiveness, fluctuating operating costs, intensified industry competition, accounts receivable recovery risks, changes in PV and new energy vehicle industry policies, and uncertainties in international trade - Risk of significant performance decline or losses: PV industry capacity expansion and intensified competition lead to decreased gross margins for backsheets; insufficient demand for aluminum-plastic film results in lower sales volume and prices; and provision for inventory impairment losses[59](index=59&type=chunk) - Core competitiveness risk: Failure to timely iterate technology to meet the diversified demand for encapsulation materials for N-type modules and soft-pack batteries may impact market share and profitability[60](index=60&type=chunk) - Operating risks: Direct materials constitute a significant portion of operating costs (approximately **85%**), and fluctuations in raw material prices may affect profitability; intensified industry competition may lead to lower product sales prices and gross margins[61](index=61&type=chunk)[62](index=62&type=chunk) - Financial risks: A large proportion of accounts receivable balance means that if customer creditworthiness is poor or cooperation is not smooth, accounts receivable may not be recovered on time, impacting operating cash flow[63](index=63&type=chunk) - Industry risks: Adjustments in PV industry policies and changes in new energy vehicle battery encapsulation technology routes may lead to decreased product demand, affecting profitability[64](index=64&type=chunk) - Macroeconomic environment risks: Changes in international trade conditions may adversely affect the overseas sales of China's PV module products, thereby impacting the company's product sales[65](index=65&type=chunk) [V. Key Operating Performance During the Reporting Period](index=35&type=section&id=%E4%BA%94%E3%80%81%E6%8A%A5%E5%91%8A%E6%9C%9F%E5%86%85%E4%B8%BB%E8%A6%81%E7%BB%8F%E8%90%A5%E6%83%85%E5%86%B5) In 2023, the company's operating revenue decreased by **19.82%** year-on-year, with net profit attributable to shareholders at a loss of **CNY 23.88 million**; while PV industry revenue declined by **5.28%** and lithium battery industry revenue by **80.28%**, solar cell encapsulant film revenue grew by **97.41%**, and the company adjusted its consolidation scope through subsidiary disposals, new establishments, and mergers 2023 Key Operating Performance | Indicator | Amount (CNY million) | Year-on-year Change (%) | | :--- | :--- | :--- | | Operating Revenue | 1,396.28 | -19.82 | | Main Business Revenue | 1,354.26 | -18.54 | | Net Profit Attributable to Shareholders of Listed Company | -23.88 | -122.76 | | Net Profit Attributable to Shareholders of Listed Company Excluding Non-recurring Gains and Losses | -35.86 | -137.42 | Changes in Key Income Statement and Cash Flow Statement Items | Item | Current Period Amount (CNY) | Prior Period Amount (CNY) | Change Ratio (%) | | :--- | :--- | :--- | :--- | | Operating Revenue | 1,396,281,787.16 | 1,741,534,018.57 | -19.82 | | Operating Cost | 1,305,692,544.81 | 1,408,325,210.10 | -7.29 | | Financial Expenses | -50,014,417.70 | -9,697,915.23 | N/A | | Net Cash Flow from Operating Activities | 212,401,993.61 | 82,984,174.48 | 155.95 | | Net Cash Flow from Investing Activities | -72,350,194.24 | -286,251,711.44 | N/A | | Net Cash Flow from Financing Activities | -265,604,548.94 | 1,646,090,171.45 | -116.14 | - Financial expenses were mainly due to increased interest income and exchange rate gains/losses; the increase in net cash flow from operating activities was primarily due to lower raw material prices, optimized inventory management, and reduced accounts receivable; changes in net cash flow from investing activities were mainly due to decreased fixed asset investments and disposal of a controlled company; changes in net cash flow from financing activities were primarily due to non-public issuance of shares in 2022 and increased share repurchases in 2023[68](index=68&type=chunk) Main Business by Industry, Product, and Region | Category | Item | Operating Revenue (CNY) | Operating Cost (CNY) | Gross Margin (%) | Year-on-year Change in Operating Revenue (%) | | :--- | :--- | :--- | :--- | :--- | :--- | | By Industry | PV Industry | 1,296,314,246.48 | 1,191,367,164.73 | 8.10 | -5.58 | | | Lithium Battery Industry | 57,944,422.44 | 72,557,039.20 | -25.22 | -407.11 | | By Product | Solar Cell Backsheet | 750,966,090.63 | 658,967,348.04 | 12.25 | -31.27 | | | Solar Cell Encapsulant Film | 544,316,978.37 | 531,486,655.62 | 2.36 | 97.41 | | | Aluminum-Plastic Film | 57,944,422.44 | 72,557,039.20 | -25.22 | -46.73 | | By Region | Domestic | 871,401,844.65 | 849,577,264.27 | 2.50 | -39.84 | | | Overseas | 482,856,824.27 | 414,346,939.66 | 14.19 | 125.64 | - Solar cell encapsulant film revenue increased by **97.41%** year-on-year, mainly due to increased capacity from fundraising projects and customer expansion; overseas operating revenue increased by **125.78%** year-on-year, primarily due to increased overseas encapsulant film orders[71](index=71&type=chunk) 2023 Production and Sales Volume of Main Products | Main Product | Unit | Production Volume | Sales Volume

1 | 序号 | 工作内容 | 持续督导情况 | | --- | --- | --- | | | 持续督导期间，上市公司或相关当事人出现违 法违规、违背承诺等事项的，应自发现或应当 | | | | | 2024 年上半年，明冠新材在持续督导 | | | 自发现之日起五个工作日内向上海证券交易所 | | | 5 | 报告，报告内容包括上市公司或相关当事人出 | 期间未发生违法违规或违背承诺等 | | | 现违法违规、违背承诺等事项的具体情况，保 | 事项。 | | | 荐人采取的督导措施等 | 年 月 日，公司收到上海证 2024 7 30 | | | | 券交易所下发的《关于对明冠新材料 | | | | 股份有限公司及有关责任人予以监 | | | | 管警示的决定》，认定公司 年 2023 | | | 督导上市公司及其董事、监事、高级管理人员 | 度业绩快报披露不准确，违反了《上 | | 6 | 遵守法律、法规、部门规章和上海证券交易所 | 海证券交易所科创板股票上市规 | | | 发布的业务规则及其他规范性文件，并切实履 | 则》，对公司及有关责任人予以监管 | | | 行其所做出的各项承诺。 | 警示。 ...

证券代码：明冠新材 证券简称：688560 公告编号：2024-043 明冠新材料股份有限公司 2024 年半年度募集资金存放与实际使用情况的专项报告 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。 根据《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》等有关法律、法规及相关文件的规定，明冠 新材料股份有限公司（以下简称"公司"或"本公司"）编制了《2024年半年度 募集资金存放与实际使用情况的专项报告》。具体如下： 一、募集资金基本情况 （一）首次公开发行股票募集资金 1、实际募集资金金额和资金到账时间 根据中国证券监督管理委员会《关于同意明冠新材料股份有限公司首次公开 发行股票注册的批复》（证监许可〔2020〕3064号），同意公司首次公开发行股 票的注册申请。并经上海证券交易所同意，公司首次向社会公开发行人民币普通 股（A股）股票4,102.20万股，本次发行价格为每股人民币15.87元，募集资金总 ...

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、本次计提资产减值准备情况概述 为更加客观、公允地反映公司的财务状况、资产价值及经营情况，根据《企 业会计准则》及公司会计制度的相关规定，本着谨慎性原则，公司对合并报表范 围内截至 2024 年 6 月 30 日各类应收票据、应收账款、其他应收款、存货、合同 资产、长期股权投资、无形资产、商誉等相关资产进行全面清查和资产减值测试 后，2024 年第二季度共计提资产减值准备 8,715,282.12 元，具体情况如下： 单位：元 | 项目 | 2024 年第二季度计提金额 | | | --- | --- | --- | | 1.信用减值损失 | | -4,590,598.27 | | 2.资产减值损失 | | 13,305,880.39 | | 合计 | | 8,715,282.12 | 证券代码：688560 证券简称：明冠新材 公告编号：2024-044 明冠新材料股份有限公司 关于2024年第二季度计提资产减值准备的公告 品计提存货跌价准备所致。 三、本次计提资产减值准 ...

证券代码：688560 证券简称：明冠新材 公告编号：2024-045 明冠新材料股份有限公司 关于前期会计差错更正及相关定期报告更正的公告 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： 明冠新材料股份有限公司（以下简称"公司"）本次关于前期会计差错更正及 追溯调整，将影响 2023 年半年度报告和 2023 年第三季度报告的净利润数据及 相关披露信息，不影响公司总资产、净资产等财务数据。前期会计差错更正及 追溯调整，也涉及 2023 年年度报告披露的分季度主要财务数据，但是不影响 2023 年年度财务报表。 一、前期会计差错更正概述 公司于 2024 年 8 月 26 日召开第四届董事会第二十二次会议，第四届监事会第 十七次会议，审议通过《关于前期会计差错更正及相关定期报告更正的议案》。根 据《企业会计准则第 28 号——会计政策、会计估计变更和差错更正》《公开发行 证券的公司信息披露编报规则第 19 号——财务信息的更正及相关披露》等相关规 定，对 2023 年半年度及 2023 年第三季度相关财务报 ...

明冠新材料股份有限公司 第四届监事会第十七次会议决议公告 本公司监事会及全体监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、监事会会议召开情况 明冠新材料股份有限公司（以下简称"公司"）第四届监事会第十七次会议 于 2024 年 8 月 26 日以现场结合通讯表决方式召开。本次会议通知已于 2024 年 8 月 16 日以电子邮件送达全体监事。本次会议应出席监事 3 名，实际出席监事 3 名，会议由监事会主席李成利先生主持。本次会议的通知、召开及审议程序符合 《中华人民共和国公司法》和《明冠新材料股份有限公司章程》的有关规定。 二、监事会会议审议情况 （一）审议通过《关于公司 2024 年半年度报告及其摘要的议案》 证券代码：688560 证券简称：明冠新材 公告编号：2024-041 （2）公司《2024 年半年度报告》的内容和格式符合中国证监会和上海证券 交易所的各项规定，所包含的信息能从各个方面真实地反映出公司 2024 年半年 度的经营管理和财务状况； （3）公司《2024 年半年度报告》所披露的信息真实、准确、完整，承诺本 报 ...

Financial Performance - The company reported a revenue of 500 million yuan for the first half of 2024, representing a 20% increase compared to the same period in 2023[9]. - The company expects a revenue guidance of 1.2 billion yuan for the full year 2024, which would be a 25% increase year-over-year[9]. - The company's operating revenue for the first half of 2024 was ¥604,788,792.05, a decrease of 27.64% compared to the same period last year[13]. - Net profit attributable to shareholders decreased by 81.62% to ¥8,590,346.77, while net profit excluding non-recurring gains and losses fell by 87.14% to ¥6,256,737.93[13][16]. - The basic and diluted earnings per share were both ¥0.04, down 83.33% year-on-year[14][16]. - The company reported a revenue of CNY 604.79 million, a decrease of 27.64% year-on-year[48]. - The net profit attributable to shareholders was CNY 8.59 million, down 81.62% compared to the previous year[48]. - The total operating revenue for the first half of 2024 was CNY 604,788,792.05, a decrease of 27.5% compared to CNY 835,820,805.21 in the same period of 2023[131]. - Net profit for the first half of 2024 was CNY 8,590,346.77, a decline of 81.5% compared to CNY 46,214,673.63 in the first half of 2023[132]. Market Expansion and Product Development - User data indicates a growth in customer base by 15%, reaching a total of 1.2 million active users[9]. - New product development includes the launch of a high-efficiency solar panel, projected to increase market share by 10%[9]. - The company is expanding its market presence in Southeast Asia, targeting a 30% increase in sales in that region by the end of 2024[9]. - A strategic acquisition of a local competitor is in progress, expected to enhance production capacity by 40%[9]. - The company is focusing on the development of new products such as light-transmitting films and ultra-adhesive films for high-efficiency N-type components, aiming to improve performance stability[41]. - The company has launched several new product development projects, including encapsulation films for N-type BC components and perovskite photovoltaic modules, with some projects already in the trial production phase[45]. Research and Development - The company has invested 50 million yuan in R&D for new technologies aimed at improving product durability and efficiency[9]. - Research and development expenses accounted for 3.60% of operating revenue, a decrease of 0.32 percentage points compared to the previous year[16]. - R&D expenses totaled 21,764,732.32 yuan in the reporting period, a decrease of 33.60% compared to the previous year, with R&D expenses accounting for 3.60% of operating revenue[28]. - The company has established a national-level postdoctoral research workstation, enhancing its research and development capabilities in new materials for low-carbon living[19]. - The company has developed core technologies in polymer film preparation, special adhesive development, and material interface treatment, enhancing its competitive advantage[39]. Operational Efficiency and Cost Management - The company implemented improved inventory management, resulting in reduced procurement expenditures and better cash flow[16]. - The company has implemented measures to optimize operations and reduce costs, including adjusting product structures and enhancing cash flow management[42]. - The company initiated a "cost reduction and efficiency enhancement" campaign to combat intensified price competition in the photovoltaic industry, focusing on optimizing procurement costs and production processes[44]. Financial Stability and Risks - The company has identified potential risks related to supply chain disruptions, which could impact future performance[3]. - The company’s accounts receivable represent a large proportion of current assets, posing a financial risk if customer credit conditions deteriorate or if there are issues in the collection of receivables[46]. - The company’s operating costs are significantly influenced by the prices of raw materials, which are subject to market fluctuations, potentially impacting profitability[46]. - The company faced significant challenges in its solar battery backsheet business due to technological iterations and increased competition, leading to a substantial decline in profits[16]. Shareholder and Corporate Governance - The board has approved a profit distribution plan, although no specific dividends were declared for this period[3]. - The company has committed to a profit distribution policy that ensures continuity and stability in shareholder returns, including cash dividends[81]. - The actual controllers of the company have committed to not reducing their holdings for two years after the lock-up period, with similar restrictions as other shareholders[76]. - The company guarantees that there will be no fraudulent issuance of shares during the IPO process, and will repurchase all newly issued shares if found to be in violation[77]. Environmental and Social Responsibility - The company reduced carbon emissions by 750.31 tons through energy-saving activities and the use of clean energy[68]. - The company utilized 1,317,904.83 kWh of clean energy (solar power) from January to June 2024[68]. - The company invested 546,000 CNY in environmental protection during the reporting period[64]. - The company was fined 45,334 CNY for non-compliance with environmental assessment regulations[64]. Industry Trends and Challenges - The overall photovoltaic industry is entering an adjustment cycle, with significant price declines and overcapacity issues noted in the first half of 2024[42]. - The transition from PERC to TOPCon technology in photovoltaic components is accelerating, with N-type and double-glass components gaining market share[42]. - The company is actively responding to the industry's price competition and demand changes by adjusting its production planning for backplanes and encapsulation films[42]. Legal and Compliance - The company has not engaged in any non-operating fund occupation by controlling shareholders or related parties[91]. - There were no significant lawsuits or arbitration matters during the reporting period[92]. - The company has not reported any changes in the use of raised funds during the reporting period[101].

明冠新材料股份有限公司 2024 年度"提质增效重回报"行动方案的半年度评估报告 为践行"以投资者为本"的上市公司发展理念，维护明冠新材料股份有限公司 （以下简称"公司"）全体股东利益，基于对公司未来发展前景的信心、对公司价值 的认可和切实履行社会责任，公司制定了 2024 年度"提质增效重回报"行动方案， 现对公司 2024 年度"提质增效重回报"行动方案半年度实施情况及效果进行评估总 结，具体如下： 一、聚焦经营主业、丰富产品结构、提升核心竞争力 公司主营业务为光伏组件封装材料（太阳能电池封装胶膜、太阳能电池背板）、 锂电池铝塑膜、特种功能膜等复合膜材料的研发、生产和销售。公司持续丰富产品 结构，提出了 Topcon、HJT、xBC 等 N 型太阳能电池封装材料的整体解决方案，重点 开发新型 TOPCon 组件封装用低酸胶膜、光伏组件封装用 HJT 专用胶膜、0BB 电池专 用网栅膜，铝塑膜方面推出了 PET 结构铝塑膜、黑膜系列铝塑膜、尼龙结构铝塑膜 等。针对光伏行业的客户需求，公司提供"太阳能电池封装胶膜+智能网栅膜+太阳 能电池背板"、"封装胶膜+智能网栅膜+超低水透背板"等光伏组件整体封装解决方 ...