证券代码：000970 证券简称：中科三环 北京中科三环高技术股份有限公司投资者关系活动记录表 编号：2025-007 | 投资者关系 | √特定对象调研 □分析师会议 | | --- | --- | | 活动类别 | □媒体采访 □业绩说明会 | | | □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） | | 参与单位名称及 | 中泰证券：安永超、陈凯丽；华安证券：黄玺；开熙投资：雪鑫、李海涛；含章私募 | | 人员姓名 | 基金：李贵林；财东基金：刘亚琴；上海涌铧投资：徐开勇；金友私募基金：李尊 | | | 金石金控：刘勇；德邦证券：崔欣然；领航超越私募基金：马跃峰；甬兴证券：夏明 | | | 达；前海国金资管：王涛；华软资管：代军；九州企服科技：李春良；明澄私募基金： | | | 张宇博；同花顺：史丰瑞；国都证券：龚玲玲；中信证券：邵梓杰；华福证券：黄如 | | | 鹏；东北证券：邓丽娟；田泽业 | | 时间 | 2025 年 5 月 23 日 | | 地点 | 北京 | | 上市公司接待人 | 田文斌、包海林 | | 员姓名 | | | | 1、目前的 ...

Core Viewpoint - The company has announced its 2024 annual profit distribution plan, which includes a cash dividend distribution based on the adjusted total share capital after excluding repurchased shares [1][2][4] Group 1: Profit Distribution Plan - The profit distribution plan was approved at the shareholders' meeting held on April 8, 2025, with a base of 1,203,568,538 shares for the distribution calculation [1][2] - The cash dividend is set at 0.0198000 yuan per share, calculated from a total cash dividend amount of 24,071,370.76 yuan [1][4] - The distribution will be executed on May 27, 2025, with the ex-dividend date on May 28, 2025 [2][3] Group 2: Shareholder Eligibility and Taxation - The distribution is applicable to all shareholders registered with the China Securities Depository and Clearing Corporation Limited Shenzhen Branch as of May 27, 2025 [2][3] - Different tax rates will apply for various types of investors, with no withholding of personal income tax by the company at the time of distribution [2][3] Group 3: Adjustments and Calculations - The company will adjust the distribution plan if there are changes in the total share capital before the implementation of the distribution [2][3] - The reference price for ex-dividend will be calculated based on the closing price on the registration date minus the cash dividend per share [4]

证券代码：000970 证券简称：中科三环 公告编号：2025-027 北京中科三环高技术股份有限公司 2024 年年度权益分派实施公告 本公司及其董事会全体成员保证信息披露内容的真实、准确和完整，没有 虚假记载、误导性陈述或重大遗漏。 特别提示： 1、根据《公司法》《上市公司股份回购规则》等相关规定，北京中科三环 高技术股份有限公司（以下简称"公司"）通过回购专用证券账户持有的本公司股 份12,157,235股不享有参与利润分配的权利。因此，本次权益分派以公司现有总 股本1,215,725,773股扣除已回购股份12,157,235股后的1,203,568,538股为分配 基数。 2、因公司回购股份不参与分红，因此，本次权益分派实施后除权除息价格 计算时，每10股现金红利（ 含 税 ）=现 金 分 红 总 额/总股本 *10=24,071,370.76/1,215,725,773*10=0.198000元，每股现金红利（含税）=现 金分红总额/总股本=24,071,370.76/1,215,725,773=0.0198000元，本次权益分 派实施后的除权除息价格=股权登记日收盘价-按总股本折算每股现金红利= ...

Group 1: Export Control and Market Impact - The export control measures on medium and heavy rare earths primarily affect the company's neodymium-iron-boron permanent magnet materials containing dysprosium and terbium, requiring declaration and approval for export [1] - In 2024, direct exports to the United States are expected to account for approximately 10% of total sales [1] Group 2: Product Applications and Future Development - The company's products have been applied in the robotics field for several years, mainly in industrial robots [1] - Human-shaped robots are still in the research and development stage, and successful commercialization could positively impact the neodymium-iron-boron permanent magnet materials industry [1] Group 3: Raw Material Inventory and Pricing Strategy - The company currently holds 2-3 months of light rare earth inventory, with slightly more medium and heavy rare earths, purchasing based on actual usage [1] - Product pricing is based on cost-plus model, considering raw material prices and market competition, with adjustment cycles typically every two to three months [1] Group 4: Risk Management and Market Expansion - The company closely monitors changes in trade policies and international trade environments to adjust market strategies and enhance risk resilience [1] - There are plans to expand into emerging international markets to diversify and strengthen the company's market presence [1]

Summary of Key Points Core Viewpoint - The company, Beijing Zhongke Sanhuan High Technology Co., Ltd., has provided a guarantee for a loan of RMB 100 million to its subsidiary, Tianjin Sanhuan Lexi New Materials Co., Ltd., to support its operational activities [2][6]. Group 1: Guarantee Overview - Tianjin Sanhuan Lexi has signed a loan agreement with Agricultural Bank of China for RMB 100 million with a term of 2 years, and the company has provided a guarantee for this loan [2]. - The board of directors and the annual shareholders' meeting approved the guarantee amounting to RMB 110 million for the subsidiary [2][3]. Group 2: Subsidiary Information - Tianjin Sanhuan Lexi was established in April 1990, with a registered capital of USD 87.21 million, and the company holds a 66% stake in it [4]. - As of December 31, 2024, the subsidiary reported total assets of RMB 297.62 million, total liabilities of RMB 123.38 million, and net assets of RMB 174.24 million, with a net profit of RMB 4.78 million [4]. Group 3: Guarantee Agreement Details - The guarantee is a joint liability guarantee covering the principal, interest, penalties, and all costs related to the loan [7]. - The guarantee period extends three years from the loan repayment deadline [7]. Group 4: Board's Opinion - The board believes that the guarantee is beneficial for the company's development and will not harm the interests of the company and its shareholders [8]. - The company has assessed the subsidiary's asset quality and credit status, confirming that it has never defaulted on loans and has provided corresponding counter-guarantees [8]. Group 5: Total Guarantee Amount - After this guarantee, the total guarantee amount for the company and its subsidiaries is RMB 85 million, which accounts for 13.20% of the latest audited equity attributable to the parent company [8].

证券代码：000970 证券简称：中科三环 公告编号：2025-026 北京中科三环高技术股份有限公司 关于为控股子公司提供担保的进展公告 本公司及其董事会全体成员保证信息披露内容的真实、准确和完整，没有 虚假记载、误导性陈述或重大遗漏。 一、担保情况概述 近日，北京中科三环高技术股份有限公司（以下简称"公司"）之控股子 公司天津三环乐喜新材料有限公司（以下简称"三环乐喜"）与中国农业银行 股份有限公司天津经济技术开发区分行（以下简称"农业银行"）签订了《流 动资金借款合同》，由农业银行向三环乐喜提供人民币10,000万元借款（借款 期限2年），公司为上述借款提供担保。 公司于2025年3月11日召开了第九届董事会第八次会议，于2025年4月8日召 开了2024年年度股东大会，分别审议通过了《关于为控股子公司提供担保的议 案》，其中为三环乐喜提供的担保额度为人民币110,000万元。具体内容详见公 司于2025年3月13日和2025年4月9日在《证券时报》、《中国证券报》、《证券 日报》和巨潮资讯网（http://www.cninfo.com.cn）上披露的《北京中科三环 高技术股份有限公司第九届董事会第八次 ...

Group 1: Market Outlook and Export Impact - The company anticipates that rare earth prices will remain relatively stable at reasonable levels, influenced by supply-demand dynamics, policies, and industry developments [1] - The direct export proportion of the company's products to the United States is approximately 10% [1] - The company is actively taking measures to comply with export control regulations, particularly for products containing dysprosium and terbium [1] Group 2: Product Applications and Future Planning - The company's products are already applied in the drone sector, which is expected to expand the market demand for rare earth permanent materials [2] - The company has been involved in the industrial robot sector for several years, with humanoid robots currently in the research phase, which could positively impact the industry upon successful market introduction [1] - Future capacity expansion plans will be based on order volumes and market demand, avoiding blind expansion [2]

Investment Rating - The report maintains a "Buy" rating for the company [5] Core Views - The company's revenue for Q1 2025 was 1.461 billion RMB, showing a quarter-on-quarter decline of 17.43% and a year-on-year decline of 11.58%. The net profit attributable to the parent company was 0.13 billion RMB, reflecting a significant quarter-on-quarter drop of 75.05% but a year-on-year turnaround from a loss [2] - The decline in performance is attributed to falling prices, with Q1 2025 revenue, gross profit, and gross margin decreasing by 17.41%, 36.18%, and 2.56 percentage points, respectively. The overall cost of rare earth materials increased, leading to a significant drop in gross margin [3] - The company is expected to benefit from rising rare earth prices due to export controls and a contraction in overseas mining supply. The demand for rare earths is anticipated to improve, particularly in the fields of humanoid robots and low-altitude economies [4] Summary by Sections Financial Performance - Q1 2025 revenue was 1.461 billion RMB, with a gross profit of 0.127 billion RMB and a gross margin of 8.69% [2][3] - The company's debt-to-asset ratio improved to 25.70%, with a decrease in operating expenses by 30.92% year-on-year to 0.105 billion RMB [3] Revenue and Profit Forecast - Projected revenues for 2025-2027 are 6.548 billion RMB, 6.802 billion RMB, and 7.151 billion RMB, respectively. The net profit attributable to the parent company is expected to be 0.93 billion RMB, 1.74 billion RMB, and 1.96 billion RMB for the same period [5] Market Outlook - The report highlights a favorable market environment for rare earths, with expected demand growth driven by technological advancements and supply constraints. The company is well-positioned to capitalize on these trends due to its significant use of heavy rare earths in its product structure [4]

Core Viewpoint - The company has released its first quarter report for 2025, which has not been audited, and it includes various financial data and changes compared to the previous period [15]. Financial Data Summary - The company reported a net profit attributable to the parent company of 13.49 million yuan, an increase of 113.66% compared to the previous period, primarily due to a decrease in inventory impairment losses [10]. - The net cash flow from operating activities was 98.45 million yuan, a decrease of 41.84% compared to the previous period, mainly due to a reduction in cash received from sales [10]. - The net cash outflow from investment activities was 37.49 million yuan, a decrease of 70.14% compared to the previous period, attributed to an increase in cash received from investment recoveries [10]. - The net cash outflow from financing activities was 222.63 million yuan, an increase of 404.58% compared to the previous period, mainly due to increased cash payments for profit distribution by subsidiaries [10]. - The balance of accounts receivable at the end of the period was 12.36 million yuan, a decrease of 32.66% from the beginning of the period, mainly due to a reduction in receivables held by subsidiaries [4]. - The balance of other receivables at the end of the period was 29.41 million yuan, a decrease of 39.81% from the beginning of the period, primarily due to the recovery of export tax refunds by subsidiaries [5]. - The balance of other non-current assets at the end of the period was 91.93 million yuan, an increase of 176.40% from the beginning of the period, mainly due to an increase in prepayments for equipment by subsidiaries [6]. - The balance of contract liabilities at the end of the period was 116.06 million yuan, a decrease of 37.97% from the beginning of the period, mainly due to a reduction in advance customer payments [6]. - The balance of taxes payable at the end of the period was 27.66 million yuan, a decrease of 47.26% from the beginning of the period, mainly due to a reduction in tax payments this period [7]. - The financial expenses for the period amounted to -28.57 million yuan, a decrease of 410.14% compared to the previous period, mainly due to an increase in net exchange gains [8]. - The other income for the period was 13.14 million yuan, a decrease of 46.01% compared to the previous period, primarily due to a reduction in government subsidies [9]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was not specified, but the company held 12,157,235 circulating shares in its repurchase account, accounting for 1.00% of the total share capital [12].

Financial Performance - The company reported a basic earnings per share of 0.0112 yuan for Q1 2025, a significant increase of 113.79% compared to a loss of 0.0812 yuan in Q1 2024 [1] - Net profit for Q1 2025 was 0.13 billion yuan, recovering from a loss of 0.99 billion yuan in Q1 2024, marking an increase of 113.13% [1] - Operating revenue decreased by 11.56% to 14.61 billion yuan in Q1 2025 from 16.52 billion yuan in Q1 2024 [1] - The return on equity improved to 0.21% in Q1 2025 from -1.51% in Q1 2024 [1] Shareholder Structure - The top ten unrestricted shareholders hold a total of 46,597.42 million shares, accounting for 38.33% of the circulating shares, with an increase of 976.18 million shares compared to the previous period [1] - Beijing Sanhuan Holdings Co., Ltd. remains the largest shareholder with 28,388.13 million shares, representing 23.35% of the total share capital [2] - Hong Kong Central Clearing Limited increased its holdings by 779.99 million shares, now holding 4,104.34 million shares, which is 3.38% of the total [2] Dividend Policy - The company has announced that it will not distribute dividends or transfer shares this time [3]