Anhui Estone Materials Technology (688733)

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2023年报点评:Q4业绩符合预期,24年盈利有望改善
Soochow Securities· 2024-03-29 16:00
Investment Rating - The investment rating for the company is "Accumulate" (maintained) [1] Core Views - In Q4, the shipment of beryllium stone is expected to decrease by approximately 10%, but the shipment growth rate for 2024 is anticipated to recover to over 30%. The company is projected to ship 23,200 tons of beryllium stone in 2023, a year-on-year decline of 7%, with an estimated shipment of about 6,000 tons in Q4 2023, reflecting a quarter-on-quarter decrease of about 10%. With the gradual production of small particle beryllium stone and alumina products, along with the continuous ramp-up of new products, the company expects to achieve over 30% growth in beryllium stone shipments in 2024, reaching over 30,000 tons [1][14] Summary by Sections Financial Performance - The company reported total revenue of 464.55 million yuan in 2023, a year-on-year decline of 22.96%. The net profit attributable to the parent company was 24.52 million yuan, down 83.31% year-on-year. In Q4 2023, revenue was 120 million yuan, a year-on-year decline of 21% and a quarter-on-quarter decline of 11%. The net profit for Q4 was 9 million yuan, down 70% year-on-year but up 143% quarter-on-quarter. The gross margin for Q4 was 29.1%, down 8 percentage points year-on-year and up 2 percentage points quarter-on-quarter [12][14] Cash Flow and Expenses - The company's total operating expenses for 2023 amounted to 140 million yuan, an increase of 39% year-on-year, with an expense ratio of 29.5%, up 13 percentage points. In Q4 2023, operating expenses totaled 30 million yuan, reflecting a quarter-on-quarter increase of 5% and a year-on-year increase of 13%. The net cash flow from operating activities for 2023 was 6 million yuan, a year-on-year decline of 89% [2][12] Future Outlook - The company plans to launch new products in the first half of 2024, which are expected to contribute to profit growth. In the battery materials sector, the company has completed the construction of alumina production capacity, which is expected to ramp up in the first half of 2024. Additionally, the Chongqing base's 9,800 tons of thermal conductive aluminum production capacity is expected to be operational by Q2 2024 [13][14]
壹石通(688733) - 2023 Q4 - 年度财报
2024-03-28 16:00
Financial Performance - The company's operating revenue for 2023 was CNY 46,454.57 million, a decrease of 22.96% compared to CNY 60,298.60 million in 2022[23]. - The net profit attributable to shareholders for 2023 was CNY 2,452.37 million, down 83.31% from CNY 14,689.41 million in 2022[23]. - The net cash flow from operating activities was CNY 568.06 million, a decline of 88.75% compared to CNY 5,048.05 million in the previous year[23]. - The basic earnings per share for 2023 was CNY 0.12, a decrease of 84.81% from CNY 0.79 in 2022[24]. - The company's total assets at the end of 2023 were CNY 297,290.13 million, a slight decrease of 0.46% from CNY 298,668.43 million at the end of 2022[23]. - The net profit excluding non-recurring gains and losses of CNY -849.72 million for 2023, compared to CNY 11,869.41 million in 2022, marking a 107.16% decline[23]. - The company's operating revenue for 2023 was 465 million RMB, a decrease of 22.96% year-on-year due to reduced shipments of lithium battery coating materials and intensified market competition[25]. - The net profit attributable to shareholders for 2023 was 24.52 million RMB, down 83.31% compared to the previous year[25]. - The net cash flow from operating activities decreased significantly, primarily due to the decline in revenue[25]. - The company reported a basic earnings per share of 0.12 RMB, reflecting a decline in profitability metrics following the drop in net profit[25]. Research and Development - Research and development expenses accounted for 12.13% of operating revenue in 2023, an increase of 5.52 percentage points from 6.61% in 2022[24]. - The company’s research and development expenses increased significantly, contributing to the overall cost structure despite efforts to reduce production costs[25]. - The company invested CNY 56.36 million in R&D, a 41.32% increase year-on-year, and expanded its R&D team from 104 to 141 members[63]. - The company has filed 47 new invention patent applications and received 23 new authorizations in 2023, increasing its total authorized patents to 83[63]. - The company has successfully developed and started small-scale production of new products, including sub-micron high-purity alumina and low-alpha spherical alumina for high-end chip packaging, with expectations for mass shipments in 2024[64]. - The company is actively developing next-generation coating materials with higher purity and smaller particle sizes, building a strong technological foundation[83]. Market Strategy and Expansion - The company plans to enhance its market expansion strategies and invest in new product development to improve future performance[23]. - The company has established partnerships with major lithium battery manufacturers and leading companies in the electric vehicle sector, enhancing its market influence[56]. - The company is expanding its overseas market presence, particularly in South Korea, to enhance its competitive position[94]. - The company aims to enhance market share and capacity utilization for its barium stone products while exploring new application scenarios[139]. - The company plans to establish a pilot production line for high-purity quartz sand with a capacity of 1,000 tons, followed by a controlled ramp-up to 20,000 tons based on market demand[139]. - The company is committed to integrating ESG principles into its sustainable development goals and will publish its first ESG annual report in 2024[138]. Corporate Governance - The company has received a standard unqualified audit report from Tianzhi International Accounting Firm[5]. - The board of directors and supervisory board members have confirmed the authenticity, accuracy, and completeness of the annual report[4]. - The company does not have any special arrangements for corporate governance[9]. - The company has not violated any decision-making procedures for providing guarantees[9]. - The company has established a compensation and assessment committee responsible for setting and evaluating the performance criteria for senior management, ensuring competitive compensation within the industry[199]. - The company has not reported any significant deficiencies in its internal control systems during the reporting period[200]. Shareholder Returns - The company plans to distribute a cash dividend of RMB 1.00 per 10 shares to all shareholders, totaling RMB 19,796,512.40 (including tax) based on 197,965,124 shares as of March 27, 2024[6]. - The cash dividend distribution for 2023 represents 80.72% of the net profit attributable to ordinary shareholders of the listed company, which is ¥2,452.37 million[191]. - The cash dividend for 2022 was ¥2.00 per 10 shares, amounting to a total of ¥39,818,801.60 (including tax) based on 199,094,008 shares[187]. - The cash dividend for 2021 was ¥2.00 per 10 shares, totaling ¥36,432,868.00 (including tax) based on 182,164,340 shares[186]. Operational Efficiency - The company is focusing on cost reduction and efficiency improvement strategies, which have shown expected results in production line upgrades[36]. - The company has achieved significant progress in cost reduction and efficiency improvement through continuous innovation in the preparation process of barium titanate products[64]. - The company is committed to improving operational efficiency and profitability through strategic initiatives and cost management[156]. - The company has implemented a new strategy to enhance customer engagement, aiming for a 30% increase in customer satisfaction scores[159]. Employee and Management - The company employed a total of 771 staff, with 404 in production, 203 in technical roles, and 17 in sales[180]. - The total compensation for R&D personnel rose to RMB 2,223.16 million, up from RMB 1,748.04 million in the previous year[78]. - The company has a total of 53 employees with master's degrees and 10 with doctoral degrees[180]. - The total remuneration for all directors, supervisors, and senior management at the end of the reporting period amounted to 824.04 million yuan[166]. - The company is committed to improving employee compensation and benefits based on regional averages and performance[182]. Future Outlook - In 2024, China's new energy vehicle sales are expected to reach approximately 11.5 million units, representing a year-on-year growth of 21%[135]. - The lithium battery market in China is projected to exceed 1,100 GWh in shipments in 2024, with a year-on-year increase of over 27%[135]. - The company has projected a revenue growth guidance of 10% for the next fiscal year, aiming for a target revenue of approximately 2.874 billion[159]. - New product launches are expected to contribute an additional 5% to overall revenue, with two major products set to be released in Q2 2024[159].
壹石通:壹石通关于天职国际会计师事务所(特殊普通合伙)履职情况评估报告
2024-03-28 11:40
壹石通 关于天职国际会计师事务所(特殊普通合伙)履职情况评估报告 三门用 安徽壹石通材料科技股份有限公司 关于天职国际会计师事务所 (特殊普通合伙) 履职情况评估报告 有限公司、C以下简称"公司")聘请天 安徽壹石迪材料科技服 职国际会计师事务所(特殊普通合伙)(以下简称"天职国际")作为 公司 2023年年度审计机构及内控审计机构。 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》,本公司对天职国际在近一年审计中的履职 情况进行了评估。经评估,本公司认为,近一年天职国际的相关资质 条件合规有效,能够保持独立性和勤勉尽责,并公允表达意见。具体 情况如下: 一、资质条件 天职国际创立于 1988年 12月,总部北京,是一家专注于审计鉴 证、资本市场服务、管理咨询、政务咨询、税务服务、法务与清算、 信息技术咨询、工程咨询、企业估值的特大型综合性咨询机构。 天职国际首席合伙人为邱靖之,注册地址为北京市海淀区车公庄 西路 19 号 68 号楼 A-1 和 A-5 区域,组织形式为特殊普通合伙。 天职国际已取得北京市财政局颁发的执业证书,是中国首批获得 证券期货相关业务资格,获准从事特大 ...
壹石通:壹石通董事会审计委员会2023年年度履职情况报告
2024-03-28 11:40
壹石通 董事会审计委员会 2023 年年度履职情况报告 膏口〕 安徽壹石通材料科技股份有限公司 董事会审计委员会 2023年年度履职情况报告 2023年度,安徽壹石通材料科技股份有限公司(以下简称"公 司")董事会审计委员会勤勉尽责,恪尽职守,积极开展相关工作, 充分发挥专业作用,认真履行了审计过程的监督、核查和沟通等工作 职责。现将审计委员会在 2023年度的履职情况报告如下: 全体委员均亲自出席了会议。会议召开和审议情况如下: 1 壹石通 董事会审计委员会 2023年年度履职情况报告 第三届董事会审计委员会 2023 年 4 月 25 日 1、《关于公司 2023年第一季度报告的议案》。 第十次会议 1、《关于公司 2023年半年度报告及其摘要的议 案》: 第三届董事会审计委员会 2023 年 8月 16 日 第十一次会议 2、《关于公司 2023年半年度募集资金存放与实 际使用情况专项报告的议案》。 1、《关于公司 2023年第三季度报告的议案》; 第三届董事会审计委员会 2、《关于修订公司<董事会审计委员会工作制度> 2023 年 10月 26 日 第十二次会议 的议案》。 三、审计委员会 2023年 ...
壹石通:壹石通关于公司及子公司2024年年度授信及担保额度预计的公告
2024-03-28 11:38
证券代码:688733 证券简称:壹石通 公告编号:2024-012 安徽壹石通材料科技股份有限公司 关于公司及子公司2024年年度授信及担保额度预计的 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: 本次被担保人为安徽壹石通材料科技股份有限公司(以下简称"壹石通" 或"公司")全资子公司安徽壹石通新能源材料有限公司(以下简称"壹石通 新能源")、蚌埠壹石通电子通信材料有限公司(以下简称"壹石通电子")、 重庆壹石通新能源科技有限公司(以下简称"重庆壹石通")、蚌埠壹石通聚 合物复合材料有限公司(以下简称"壹石通聚合物")。 本次担保金额合计不超过人民币23,000.00万元。截至本公告披露日,公 司对全资子公司的担保总额为146,800.00万元(不含本次审议的担保额度,担保 总额是指已批准的额度范围内尚未使用的额度与担保实际发生余额之和)。 本次担保不存在反担保。 本次担保已经由公司第三届董事会第二十六次会议审议通过,尚需提交 公司股东大会审议。 公司为满足业务发展需要,拟于2024年度向银行申请 ...
壹石通:中国国际金融股份有限公司关于安徽壹石通材料科技股份有限公司使用自有资金支付募投项目部分款项并以募集资金等额置换的核查意见
2024-03-28 11:38
中国国际金融股份有限公司(以下简称"保荐机构")作为安徽壹石通材料科技股份 有限公司(以下简称"壹石通"或"公司")的保荐机构,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股票上市规则》《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》等有关法律、行政法规、部门规章及业务规则的要求,对壹石 通使用自有资金支付募投项目部分款项并以募集资金等额置换事项进行了认真、审慎核 查,具体情况如下: 一、募集资金基本情况 中国国际金融股份有限公司 关于安徽壹石通材料科技股份有限公司 使用自有资金支付募投项目部分款项并以募集资金等额置换 的核查意见 经中国证券监督管理委员会于 2022 年 7 月 26 日出具《关于同意安徽壹石通材料科 技股份有限公司向特定对象发行股票注册的批复》(证监许可【2022】1641 号)同意, 公司 2022 年度向特定对象发行人民币普通股股票(A 股)17,610,850 股,每股发行价 格为人民币 54.00 元,募集资金总额为人民币 950,985,900.00 元,扣除发行费用人民币 ...
壹石通:壹石通独立董事提名人声明与承诺(陈矜)
2024-03-28 11:38
安徽壹石通材料科技股份有限公司 提名人安徽壹石通材料科技股份有限公司董事会,现提名陈矜女士为安徽壹 石通材料科技股份有限公司第四届董事会独立董事候选人,并已充分了解被提名 人职业、学历、职称、详细的工作经历、全部兼职、有无重大失信等不良记录等 情况。被提名人已书面同意出任安徽壹石通材料科技股份有限公司第四届董事会 独立董事候选人(参见该独立董事候选人声明)。提名人认为,被提名人具备独 立董事任职资格,与安徽壹石通材料科技股份有限公司之间不存在任何影响其独 立性的关系,具体声明并承诺如下: 一、被提名人具备上市公司运作的基本知识,熟悉相关法律、行政法规、规 章及其他规范性文件,具有五年以上法律、经济、会计、财务、管理等履行独立 董事职责所必需的工作经验。 被提名人已经参加培训并取得证券交易所认可的相关培训证明材料。 二、被提名人任职资格符合下列法律、行政法规和部门规章的要求: (一)《中华人民共和国公司法》等关于董事任职资格的规定; (二)《中华人民共和国公务员法》关于公务员兼任职务的规定(如适用); (三)中国证监会《上市公司独立董事管理办法》、上海证券交易所自律监 管规则以及公司章程有关独立董事任职资格和条 ...
壹石通:壹石通董事会2023年度关于独立董事独立性情况评估的专项意见
2024-03-28 11:38
安徽壹石通材料科技股份有限公司 小 带来 今 2024年5月 27 经核查公司独立董事李明发先生、肖成伟先生、张瑞稳先生 的兼职、任职情况以及其签署的独立性自查情况报告,上述人员 除在公司担任独立董事外,不存在在公司任职以及在公司主要服 东单位任职的情形,与公司以及主要股东之间不存在利害关系、 重大业务往来或其他可能妨碍其独立性的关系。 因此,董事会认为公司独立董事符合《上市公司独立董事管 理办法》《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》中对独立董事独立性的相关要求。 安徽壹石通材料科技股份有限公司董事会 2023 年度关于独立董事独立性情况评估的专项意见 根据中国证监会《上市公司独立董事管理办法》《上海证券 交易所科创板股票上市规则》《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》等相关要求,安徽壹石通材 料科技股份有限公司(以下简称"公司")董事会现就公司 2023 年度在任独立董事李明发先生、肖成伟先生、张瑞稳先生的独立 性情况进行评估,并出具如下专项意见: ...
壹石通:壹石通审计委员会对会计师事务所2023年度履行监督职责情况的报告
2024-03-28 11:38
一、审计委员会履行监督职责的工作情况 根据公司《董事会审计委员会工作制度》等有关规定,在2023 年度,审计委员会对会计师事务所履行监督职责的情况如下: 1、在会计师事务所聘任工作中,审计委员会对会计师事务所的 专业资质、业务能力、诚信状况、独立性、过往审计工作情况及其执 业质量等进行核查和评价,审核审计费用及聘用条款。 审计委员会对会计师事务所 2023年度履行监督职责情况的报告 安徽壹石通材料科技股份有限公司(以下简称"公司")聘请天 职国际会计师事务所(特殊普通合伙)(以下简称"天职国际")作为 公司 2023年度财务报告审计机构。 根据财政部、国务院国有资产监督管理委员会、中国证券监督管 理委员会颁布的《国有企业、上市公司选聘会计师事务所管理办法》, 公司董事会审计委员会对天职国际在公司 2023 年度审计工作的情况 履行了监督职责。具体情况如下: 壹石通 审计委员会对会计师事务所 2023年度履行监督职责情况的报告 安徽壹石通材料科技股份有限公司 2、与会计师事务所讨论审计范围、计划、方法以及发现的重要 事项,并监督和评估会计师事务所的勤勉尽责程度。 3、对 2023年年度的财务报告、内部控制评价报 ...
壹石通:壹石通关于公司2024年度“提质增效重回报”行动方案
2024-03-28 11:38
壹石通 2024 年度"提质增效重回报"行动方案 安徽壹石通材料科技股份有限公司 关于公司 2024 年度"提质增效重回报"行动方案 为践行"以投资者为本"的上市公司发展理念,维护安徽壹石通 材料科技股份有限公司(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、投资价值的认可,公司特制定 2024 年度 "提质增效重回报"行动方案,以进一步提升公司经营管理效率,强 化市场竞争力和盈利能力,积极回报投资者,保障投资者权益,共同 促进资本市场平稳健康发展。该行动方案主要举措包括: 一、聚焦主营业务,推动提质增效 2024 年,公司将持续聚焦新能源行业,围绕未来发展趋势和下 游市场需求,提升研发创新成效,强化运营管理效能,打造差异化竞 争优势,自强不息、艰苦奋斗,全力以赴实现既定经营目标,促进公 司健康可持续发展。 具体措施主要包括: (一)围绕"锂电安全、内外兼修",持续强化竞争优势 在锂电池涂覆材料领域,2024 年公司将深入推进降本增效,充 分发挥创新能力,持续强化技术优势、成本优势、产能优势,勃姆石 产品的市场经营策略仍然致力于"质量最好、成本最低、规模最大", 继续保持全球细分市场份额的领 ...