证券代码：000657 证券简称：中钨高新 公告编号：2024-95 中钨高新材料股份有限公司 关于 2021 年限制性股票激励计划预留授予第一个 2、本次符合解锁条件的激励对象人数为 35 人。 解锁期解锁股份上市流通的提示性公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完 整，没有虚假记载、误导性陈述或重大遗漏。 重要内容提示： 1、本次解锁的限制性股票上市流通日为 2024 年 9 月 5 日。 3、解除限售股数量：本次限制性股票解锁数量为 69.62 万股， 占公司目前总股本的 0.0498%。 中钨高新材料股份有限公司（以下简称"公司"）于 2024 年 8 月 22 日召开第十届董事会第二十三次会议、第十届监事会第十八次 会议，审议通过了《关于中钨高新材料股份有限公司限制性股票激励 计划首次授予第二个解锁期及预留授予第一个解锁期解锁条件成就 的议案》，公司限制性股票激励计划预留授予限制性股票第一个解锁 期解锁条件已成就，同意公司按照相关规定办理解锁事宜。根据公司 2021 年第二次临时股东大会的授权，公司按规定办理了限制性股票 激励计划预留授予第一个解锁期解锁股份的上市流通手续。现将具 ...

中钨高新（000657.SZ）2024 年半年报点评 [盈利预测与财务指标 Table_Forcast] 刀片盈利承压，资源短板即将补齐 2024 年 08 月 27 日 ➢ 事件：公司发布 2024 年半年报。2024H1，公司实现营收 68.07 亿元，同比+3.98%； 归母净利润 1.47 亿元，同比-39.3%；扣非归母净利 1.18 亿元，同比-36.42%。分季度 看，2024Q2，公司实现营收 38.4 亿元，同比+10.06%、环比+29.44%；归母净利润 0.83 亿元，同比-41.62%、环比+30.16%；扣非归母净利 0.72 亿元，同比-25.17%、环比 +55.66%。 ➢ 24H1 点评：数控刀片产量同比增长 20%，上游涨价侵蚀利润 1. 24H1 公司数控刀片产量 6000 万片。2024H1，公司数控刀片产量超 6000 万片， 同比+20%。受竞争加剧及上游原材料价格上涨影响，株钻公司增收不增利， 24H1 实现营收 9.89 亿元，同比+9.76%，净利润 0.78 亿元，同比-9.91%。 2. 24H1 金洲公司净利润实现增长。金洲公司 24H1 年实现营收 ...

证券代码：000657 证券简称：中钨高新 中钨高新材料股份有限公司 投资者关系活动记录表 | --- | --- | --- | --- | |---------------------|------------------------------------|------------------------------------|---------------| | | | | 编号：2024-06 | | | 特定对象调研 | 分析师会议 | | | 投 资 者 关系 活 动 | □媒体采访 | 业绩说明会 | | | 类别 | □新闻发布会 | 路演活动 | | | | □现场参观 | | | | | □其他（请文字说明其他活动内容） | | | | 参与单位及人员 | 详见附件 | | | | 时间 | 8 月 23 日（周五） | 15:00-16:00 | | | 地点 进门财经平台 | | | | | 形式 | 线上交流 | | | | 上 市 公 司接 待 人 | | | | | | 董事会秘书王丹、证券事务代表王玉珍 | | | | 员 | | | | | | | | | | | | | ...

Investment Rating - The investment rating for the company is "Buy" (maintained) [1] Core Views - The company reported a revenue of 6.807 billion yuan for H1 2024, representing a year-on-year growth of 3.98%, while the net profit attributable to shareholders decreased by 39.30% to 147 million yuan [1][2] - In Q2 2024, the company achieved a revenue of 3.840 billion yuan, a year-on-year increase of 10.06% and a quarter-on-quarter increase of 29.44%, with a net profit of 83 million yuan, down 41.62% year-on-year but up 30.16% quarter-on-quarter [1][2] - The overall demand in the downstream market is under pressure, yet the company managed to maintain steady revenue growth, particularly with a more than 20% increase in sales of CNC cutting blades [2] - The company is experiencing pressure on profitability due to rising raw material prices and weak demand, with a gross margin of 14.91% in H1 2024, down 1.34 percentage points year-on-year [2] - The acquisition of the Shizhu Garden mining company is expected to enhance the company's operational stability and performance by integrating upstream resources into its business [2] Summary by Sections Financial Performance - H1 2024 revenue: 68.07 billion yuan, up 3.98% YoY; net profit: 1.47 billion yuan, down 39.30% YoY [1] - Q2 2024 revenue: 38.40 billion yuan, up 10.06% YoY, up 29.44% QoQ; net profit: 0.83 billion yuan, down 41.62% YoY, up 30.16% QoQ [1] - H1 2024 gross margin: 14.91%, down 1.34pp YoY; net margin: 2.66%, down 1.62pp YoY [2] Business Segments - Cutting tools and tools revenue: 1.572 billion yuan, up 9.44% YoY; CNC blade sales exceeded 60 million pieces, up over 20% [2] - Other hard alloys revenue: 1.695 billion yuan, down 5.75% YoY; refractory metals revenue: 1.221 billion yuan, up 16.53% YoY; powder products revenue: 1.551 billion yuan, up 20.79% YoY; trade and equipment revenue: 768 million yuan, down 21.61% YoY [2] Future Outlook - The company forecasts net profits of 520 million yuan, 630 million yuan, and 740 million yuan for 2024, 2025, and 2026 respectively, with a compound annual growth rate of 15% [2]

Investment Rating - The investment rating for the company is "Buy" (maintained) with a current price of 8.00 CNY [1]. Core Views - The company reported a revenue of 6.807 billion CNY for H1 2024, representing a year-on-year growth of 3.98%. However, the net profit attributable to shareholders decreased by 39.30% to 147 million CNY [1]. - In Q2 2024, the company achieved a revenue of 3.840 billion CNY, showing a year-on-year increase of 10.06% and a quarter-on-quarter increase of 29.44%. The net profit for Q2 was 83 million CNY, down 41.62% year-on-year but up 30.16% quarter-on-quarter [1]. - The overall demand in the downstream market is under pressure, yet the company managed to achieve stable revenue growth, with sales of CNC blades increasing by over 20% [2]. - The company is undergoing a gradual injection of mining assets, which is expected to enhance operational stability and reduce earnings volatility [2]. - The forecast for net profit attributable to shareholders for 2024-2026 is 520 million CNY, 630 million CNY, and 740 million CNY respectively, with a compound annual growth rate of 15% [2]. Summary by Sections Financial Performance - H1 2024 revenue reached 6.807 billion CNY, a 3.98% increase year-on-year. The net profit was 147 million CNY, down 39.30% [1]. - Q2 2024 revenue was 3.840 billion CNY, a 10.06% year-on-year increase and a 29.44% quarter-on-quarter increase. The net profit was 83 million CNY, down 41.62% year-on-year but up 30.16% quarter-on-quarter [1]. Business Segments - The cutting tools and tools segment generated 1.572 billion CNY in revenue, up 9.44% year-on-year, with CNC blade sales exceeding 60 million pieces, a growth of over 20% [2]. - The refractory metals segment saw revenue of 1.221 billion CNY, up 16.53% year-on-year, while other hard alloys generated 1.695 billion CNY, down 5.75% [2]. - Powder products achieved revenue of 1.551 billion CNY, a 20.79% increase year-on-year, while trade and equipment revenue fell to 768 million CNY, down 21.61% [2]. Profitability Metrics - The gross margin for H1 2024 was 14.91%, a decrease of 1.34 percentage points year-on-year. The net margin was 2.66%, down 1.62 percentage points year-on-year [2]. - The company’s operating expenses ratio for H1 2024 was 11.66%, an increase of 0.61 percentage points year-on-year [2]. Future Outlook - The company is expected to see net profits of 520 million CNY, 630 million CNY, and 740 million CNY for 2024, 2025, and 2026 respectively, indicating a compound annual growth rate of 15% [2].

证券代码：000657 证券简称：中钨高新 公告编号：2024-84 2.审议通过了《关于在五矿集团财务有限责任公司办理存贷款业 务的风险持续评估报告》； 中钨高新材料股份有限公司 第十届董事会第二十三次会议决议公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 一、董事会会议召开情况 中钨高新材料股份有限公司（以下简称"公司"）第十届董事会 第二十三次会议于 2024 年 8 月 22 日以现场会议方式在北京召开。本 次会议通知于 2024 年 8 月 13 日以电子邮件方式送达全体董事、监事。 本次会议由董事长李仲泽先生主持，会议应到董事 8 人，实到董事 8 人，其中，董事赵增山因工作原因委托董事邓楚平出席并表决。公司 监事及部分高级管理人员列席了会议。本次会议的召开符合《公司法》 和《公司章程》的有关规定。 二、董事会会议审议情况 1.审议通过了《2024 年半年度报告全文及其摘要》； 表决结果：8 票同意、0 票反对、0 票弃权。 重点提示：本议案已经公司董事会审计委员会审议通过并同意提 交董事会审议。公司《2024 年半年度报告摘要》（公告编号： ...

证券代码：000657 证券简称：中钨高新 公告编号：2024-93 中钨高新材料股份有限公司 关于限制性股票激励计划第三个解锁期 公司业绩条件达成的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整， 没有虚假记载、误导性陈述或重大遗漏。 中钨高新材料股份有限公司（以下简称"公司"）于2024年8月 22日召开第十届董事会第二十三次会议、第十届监事会第十八次会议， 审议通过了《关于公司限制性股票激励计划第三个解锁期公司业绩条 件达成的议案》。现将有关内容公告如下： 一、限制性股票激励计划已履行的相关审批程序 1、2020年8月21日，公司召开第九届董事会第十九次会议审议 通过了《关于公司<限制性股票激励计划（草案）>及其摘要的议 案》、《关于公司<限制性股票激励计划实施考核管理办法（草 案）>的议案》、《关于提请股东大会授权董事会办理公司限制性股 票激励计划相关事宜的议案》。公司独立董事就本次激励计划发表 了独立意见。 同日，公司召开第九届监事会第十一次会议审议通过了《关于 公司<限制性股票激励计划（草案）>及其摘要的议案》、《关于公 司<限制性股票激励计划实施考核管理办法（草案）>的议案》。 ...

Financial Performance - The company's operating revenue for the first half of 2024 was CNY 6,806,853,226.30, representing a 3.98% increase compared to CNY 6,546,063,958.25 in the same period last year[10]. - Net profit attributable to shareholders decreased by 39.30% to CNY 146,962,926.10 from CNY 242,100,657.06 year-on-year[10]. - The net profit after deducting non-recurring gains and losses was CNY 117,883,598.68, down 36.42% from CNY 185,416,359.95 in the previous year[10]. - Basic and diluted earnings per share both decreased by 39.26% to CNY 0.1052 from CNY 0.1732 year-on-year[10]. - The company reported a significant amount of restricted assets, with accounts receivable at ¥972,588,135.69 and cash at ¥3,000,000.00, both under pledge[28]. - The company reported a total profit of ¥210,236,498.10 for the first half of 2024, down from ¥301,271,208.58 in the previous year, representing a decline of 30.2%[90]. - The company reported a net profit distribution of -109,684,129.91, indicating a loss in profit allocation for shareholders[102]. Cash Flow and Liquidity - The company reported a net cash flow from operating activities of CNY -528,284,395.21, compared to CNY -318,842,418.21 in the previous year, indicating a worsening cash flow situation[10]. - The total cash inflow from operating activities was ¥4,444,490,929.42, while the total cash outflow was ¥4,972,775,324.63, resulting in a negative cash flow[93]. - The company's cash and cash equivalents decreased to ¥695,594,238.42 from ¥866,663,966.77, representing a decline of approximately 19.7%[82]. - The company reported a significant drop in investment income to ¥4,989,278.55 from ¥469,365,369.68 in the previous year, highlighting challenges in investment performance[91]. - The net cash flow from financing activities was -348,579,974.41 CNY, compared to -57,038,180.79 CNY in the previous year, showing a worsening cash position[96]. Assets and Liabilities - The company's total assets increased by 6.32% to CNY 13,795,304,189.95 from CNY 12,975,352,237.82 at the end of the previous year[10]. - Total liabilities reached CNY 7.31 billion, up from CNY 6.47 billion, indicating a growth of approximately 12.5%[84]. - The company's total liabilities decreased to ¥989,788,800.72 from ¥1,039,145,130.54 year-on-year, a reduction of approximately 4.77%[88]. - The total owner's equity at the end of the period was 6,501,236,660.52 CNY, compared to 6,729,730,001.00 CNY at the end of the previous year, indicating a decrease of approximately 3.4%[97]. Research and Development - Research and development investment rose by 24.78% to ¥269,834,419.56, compared to ¥216,242,979.58 in the previous year[23]. - The company applied for 95 new patents during the reporting period, including 10 invention patents, and authorized 89 patents, of which 54 are invention patents[18]. - The company has established 4 national-level and 10 provincial-level technology innovation platforms, enhancing its R&D capabilities[15]. Market and Sales Performance - Sales of CNC blades exceeded 60 million pieces, representing a year-on-year growth of over 20%[16]. - Domestic sales accounted for 77.91% of total revenue, increasing by 11.29% year-on-year, while export sales decreased by 15.57% to 22.09% of total revenue[24]. - The company managed to maintain a strong position in the tungsten industry, with significant resources and production capabilities ensuring raw material supply[21]. Environmental Compliance - The company strictly adheres to national environmental protection laws and industry standards, ensuring pollutant emissions meet regulatory requirements without any violations during the reporting period[46]. - The company has implemented measures to ensure that all emissions are compliant with the relevant environmental standards, with no exceedances reported[48]. - The company invested a total of 1.03 million yuan in environmental protection and paid 1.03 million yuan in environmental protection tax in the first half of 2024[50]. Corporate Governance and Management - The company has expanded its governance structure and improved operational standards to enhance shareholder value[40]. - The company has made adjustments in its management team, including the election of new directors and supervisors during the reporting period[42]. - The company has not engaged in any securities or derivative investments during the reporting period[34]. Future Outlook - The report highlights potential macroeconomic and operational risks that may affect future development[2]. - Future outlook includes potential market expansion and new product development initiatives[86]. - The company plans to maintain a stable profit distribution policy while enhancing communication with investors and fulfilling social responsibilities[40].

附表 上市公司2024年1-6月非经营性资金占用及其他关联资金往来情况汇总表 | 编制单位：中钨高新材料股份有限公司 | | | | | | | | | | | 金额单位：人民币万元 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 其它关联资金往 | 资金往来方名称 | 往来方与上市公司 | 上市公司核算的 | | 2023年12月31日 | 2024年1-6月往来累计发生 | 2024年1-6月往来资 | 2024年1-6月偿 | 2024年6月30日 | 往来形成原因 | 往来性质（经营性往 | | 来 | | 的关联关系 | 会计科目 | 往来资金余额 | | 金额（不含利息） | 金的利息（如有） | 还累计发生额 | 往来资金余额 | | 来、非经营性往来） | | | 洛杉矶矿产金属有限公司 | 同一最终控制人 | 应收账款 | 4,592.30 | | 830.02 | - | 1,970.28 | 3,452.04 | 销售货物，未收回款项 | 经营性占用 | | | 湖南柿竹园有色金属 ...

证券代码：000657 证券简称：中钨高新 公告编号：2024-90 中钨高新材料股份有限公司 关于限制性股票激励计划首次授予第二个解锁期及 预留授予第一个解锁期解锁条件成就的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整， 没有虚假记载、误导性陈述或重大遗漏。 特别提示： 1、本次符合首次授予第二个解锁期解锁条件的激励对象共135人，合计可解 锁的限制性股票数量804.71万股，占公司总股本的0.5759%。 2、本次符合预留授予第一个解锁期解锁条件的激励对象共35人，合计可解 锁的限制性股票数量69.62万股，占公司总股本的0.0498%。 3、本次限制性股票解锁事项仍需办理相关手续，上市流通前，公司将发布 相关提示性公告，敬请投资者注意。 中钨高新材料股份有限公司（以下简称"公司"）第十届董事会第二十三次 会议、第十届监事会第十八次会议于2024年8月22日召开，会议审议通过了《关 于中钨高新材料股份有限公司限制性股票激励计划首次授予第二个解锁期及预 留授予第一个解锁期解锁条件成就的议案》，同意公司对满足解锁期解锁业绩条 件的激励对象按照规定办理相应的解除限售手续。现将有关内容公告如下： ...