Financial Performance - The company's revenue for Q1 2025 was ¥1,460,741,260.74, a decrease of 11.58% compared to ¥1,651,964,882.70 in the same period last year[5] - Net profit attributable to shareholders was ¥13,489,994.31, representing a significant increase of 113.66% from a loss of ¥98,739,954.97 in the previous year[5] - Basic earnings per share improved to ¥0.0112 from a loss of ¥0.0812, marking an increase of 113.79%[5] - Net profit for the current period is ¥19,957,569.22, compared to a net loss of ¥111,252,475.90 in the previous period[37] - The total comprehensive income for the current period is ¥19,906,413.34, compared to a loss of ¥111,060,417.02 in the previous period[38] Cash Flow - The net cash flow from operating activities decreased by 41.84% to ¥98,445,938.12, down from ¥169,268,944.82 in the previous year[5] - The net cash flow from investing activities was -$37.49 million, compared to -$125.55 million in the previous period, indicating an improvement[40] - The net cash flow from financing activities was -$222.63 million, compared to -$44.12 million previously, reflecting increased cash outflows[40] - Cash paid for the distribution of dividends and interest was $292.55 million, significantly higher than $10.62 million in the previous period[40] Assets and Liabilities - Total assets at the end of the reporting period were ¥9,928,305,406.54, a decrease of 4.14% from ¥10,356,801,171.40 at the end of the previous year[5] - Total current assets decreased from CNY 7,572,044,376.13 to CNY 7,118,830,265.05, a reduction of approximately 6%[33] - Total liabilities decreased from CNY 2,480,714,968.75 to CNY 2,290,319,232.23, a reduction of about 7.7%[34] - Total liabilities amount to ¥2,551,145,761.94, down from ¥2,716,459,910.07 in the previous period[35] Shareholder Information - Total equity attributable to shareholders increased slightly by 0.25% to ¥6,455,109,634.26 from ¥6,439,223,122.22 at the end of the previous year[5] - Total equity attributable to shareholders of the parent company is ¥6,455,109,634.26, slightly up from ¥6,439,223,122.22 in the previous period[35] - Total number of common shareholders at the end of the reporting period is 79,839[30] - The largest shareholder, Beijing Sanhuan Holdings Co., Ltd., holds 23.35% of shares, totaling 283,881,263 shares, with 38,000,000 shares pledged[30] Operating Costs and Expenses - Total operating costs for the current period are ¥1,443,594,566.74, down 12.51% from ¥1,649,564,773.14 in the previous period[36] - The company reported a decrease in research and development expenses to ¥31,360,953.38 from ¥35,634,398.59, a reduction of 11.88%[36] - Other income for the current period is ¥13,139,394.37, down from ¥24,335,516.17 in the previous period[36] Cash and Equivalents - Cash and cash equivalents decreased from CNY 2,459,210,121.86 to CNY 2,278,352,415.87, a decline of about 7.4%[33] - The ending balance of cash and cash equivalents was $2.24 billion, down from $2.29 billion at the end of the previous period[40]

Investment Rating - The report maintains a "Buy" rating for the company [5] Core Views - The company is expected to achieve a net profit attributable to shareholders of 12-15 million yuan in Q1 2025, a significant improvement from a loss of 98.74 million yuan in the same period last year [1] - The stabilization of rare earth prices has alleviated the pressure of asset impairment, with the average prices of key raw materials showing slight increases or stability [1] - The company plans to slow down its capacity expansion in response to market demand and competition, with a total sintered neodymium-iron-boron capacity of 25,000 tons expected by the end of 2024 [2] - Recent export controls on rare earth elements may exacerbate supply-demand imbalances, impacting both domestic and international pricing dynamics [3] Financial Performance - The company reported a revenue of 8,358 million yuan in 2023, with a projected decline to 6,751 million yuan in 2024, followed by a recovery to 7,794 million yuan in 2025 [4] - The net profit attributable to shareholders is forecasted to be 275 million yuan in 2023, dropping to 12 million yuan in 2024, and recovering to 192 million yuan in 2025 [4] - The earnings per share (EPS) is expected to be 0.23 yuan in 2023, decreasing to 0.01 yuan in 2024, and then increasing to 0.16 yuan in 2025 [4] Market Dynamics - The company’s raw material inventory is maintained at approximately two months' worth of usage, which may allow for potential inventory gains as rare earth prices rise [1] - The company’s operational capacity is currently around 65%, with a total production of approximately 10,637 tons of magnetic materials in 2024 [2] - The recent export controls are expected to significantly impact export volumes in the short term, with a gradual recovery anticipated as companies adapt to new processes [3]

Investment Rating - The report maintains a "Buy" rating for the company [5]. Core Views - The company is expected to achieve a net profit attributable to shareholders of 12-15 million yuan in Q1 2025, a significant improvement from a loss of 98.74 million yuan in the same period last year [1]. - The stabilization of rare earth prices has alleviated the pressure of asset impairment, with the average prices of key raw materials showing slight increases or stability [1]. - The company plans to slow down its capacity expansion in response to market demand and competition, with a total sintered neodymium-iron-boron capacity of 25,000 tons expected by the end of 2024 [2]. - Recent export controls on rare earth elements may exacerbate supply-demand imbalances, impacting both domestic and international pricing dynamics [3]. Financial Performance Summary - The company reported a revenue of 8,358 million yuan in 2023, with a projected decline to 6,751 million yuan in 2024, followed by a recovery to 7,794 million yuan in 2025 [4]. - The net profit attributable to shareholders is forecasted to be 192 million yuan in 2025, a substantial increase from 12 million yuan in 2024 [4]. - The earnings per share (EPS) is expected to rise from 0.01 yuan in 2024 to 0.16 yuan in 2025 [4]. Market Dynamics - The company is currently facing challenges due to increased competition and underutilization of existing capacity, with an overall operating rate of approximately 65% [2]. - The recent export controls on rare earth materials are anticipated to impact the company's export revenue in the short term, necessitating close monitoring of volume and price dynamics [3].

金十数据4月10日讯，中科三环在互动平台表示，公司海外客户分布于欧洲、亚太、北美等多个地区， 其中对美国的直接出口比例占10%左右。目前对中重稀土相关物项实施出口管制的措施主要涉及公司生 产的含镝、含铽的钕铁硼永磁材料产品，出口上述产品需进行申报，审核通过后方可出口。目前公司已 积极采取措施，第一时间按照有关规定开展出口申报。 中科三环：积极应对稀土出口限制 ...

Financial Performance Expectations - The company expects a net profit of 12 million to 15 million CNY for Q1 2025, compared to a loss of 98.74 million CNY in the same period last year[3] - The net profit after deducting non-recurring gains and losses is projected to be between 7 million and 10 million CNY, up from a loss of 107.65 million CNY year-on-year[3] - Basic earnings per share are estimated to be between 0.0100 CNY and 0.0125 CNY, recovering from a loss of 0.0812 CNY per share in the previous year[3] Reasons for Turnaround - The main reason for the turnaround is an increase in exchange gains due to currency fluctuations, along with a significant reduction in asset impairment losses compared to the previous year[4] Financial Data Disclaimer - The financial data is based on preliminary calculations by the company's finance department and has not been audited by registered accountants[5]

中科三环（000970）公告，2025年第一季度预计归属于上市公司股东的净利润为1200万元–1500万元， 上年同期为亏损9874万元；扣除非经常性损益后的净利润为700万元–1000万元，上年同期为亏损1.08亿 元；基本每股收益为0.01元/股–0.0125元/股，上年同期为亏损0.0812元/股。本次业绩预告未经注册会计 师审计，具体财务数据将在2025年第一季度报告中予以详细披露。 ...

证券代码：000970 证券简称：中科三环 公告编号：2025-022 北京中科三环高技术股份有限公司 2024 年年度股东大会决议公告 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。 特别提示： 1、本次股东大会没有出现否决议案的情形。 2、本次股东大会不涉及变更以往股东大会已通过的决议的情形。 一、会议召开和出席情况 1、会议召开情况 （1）召开时间： 现场会议时间：2025 年 4 月 8 日 下午 2：00； 网络投票时间：2025 年 4 月 8 日； 其中： 通过深圳证券交易所交易系统进行网络投票的具体时间为 2025 年 4 月 8 日上午 9：30—11：30，下午 1：00-3：00；通过深圳证券交易所互联网投 票系统进行网络投票的具体时间为 2025 年 4 月 8 日上午 9：15 至 2025 年 4 月 8 日下午 3：00 的任意时间。 （2）召开地点：北京中科三环高技术股份有限公司（以下简称"公司"）会 议室 （3）召开方式：现场投票与网络投票相结合 （4）召集人： 公司董事会 （5）主持人： 董事长赵寅鹏先生 （6）本次会议符合 ...

关于北京中科三环高技术股份有限公司 中国北京 北京市朝阳区朝阳门外大街 中国人寿大厦 904-907 室 邮编: 100020 电话：（8610）85240900 传真：（8610）85240999 二零二四年度股东大会的 法 律 意 见 书 经 纬 律 师 事 务 所 北京市经纬律师事务所 关于北京中科三环高技术股份有限公司 本所律师根据《证券法》、《公司法》和《股东大会规则》的要求，按照律 师行业公认的业务标准、道德规范和勤勉尽责精神，对公司本次股东大会所涉及 的有关事项进行了审查，查阅了本所律师认为出具本法律意见书所必须查阅的文 件，并对有关问题进行了必要的核查和验证，现出具法律意见如下： 一、 本次股东大会的召集和召开程序 1、本次股东大会由公司董事会召集。公司董事会于 2025 年 3 月 11 日召开 第九届董事会第八次会议并作出决议，决定于 2025 年 4 月 8 日召开本次股东大 会。 2、公司召开本次股东大会的会议通知已于 2025 年 3 月 13 日在《中国证券 报》、《证券时报》、《证券日报》和巨潮资讯网（http://www.cninfo.com.cn） 上予以公告，公告日期距本次 ...

证券代码：000970 证券简称：中科三环 公告编号：2025-023 北京中科三环高技术股份有限公司 第九届董事会 2025 年第一次临时会议决议公告 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、董事会会议召开情况 1、北京中科三环高技术股份有限公司（以下简称"公司"）第九届董事会2025年 第一次临时会议通知于2025年3月28日以电子邮件等方式发送至全体董事。 2、本次会议于2025年4月8日在北京以现场结合视频方式召开。 3、本次会议应出席的董事9名，实际出席会议的董事8名，董事钟慧静女士因工作 原因无法出席本次会议，委托董事长赵寅鹏先生进行表决。 4、本次会议由公司董事长兼代理总裁赵寅鹏先生主持，监事和高级管理人员列席 了会议。 5、本次会议的召开符合有关法律、行政法规、部门规章、规范性文件和公司章程 的规定。 二、董事会会议审议情况 1、关于调整公司第九届董事会专门委员会委员构成的议案 同意将公司第九届董事会专门委员会委员构成调整如下： 选举赵寅鹏先生担任公司第九届董事会战略委员会召集人，成员为：孙继荣先 生、黄国兴先生； 选举独立董事王 ...

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"）、华夏银行股份有限公司天津分行（以下简称"华夏银行"）分别签订了《流动资金借款合同》， 由农业银行向三环乐喜提供人民币5,000万元借款（借款期限2年），由华夏银行向三环乐喜提供人民币 2,000万元借款（借款期限3年），公司为上述两笔借款提供担保。 公司于2024年3月26日召开了第九届董事会第四次会议，于2024年4月23日召开了2023年年度股东大会， 分别审议通过了《关于为控股子公司提供贷款担保的议案》，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2024年3月28日和2024年4月24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四次会议决议公告》、《北京中科三环高技术股份有限公司关于为控股子公司提 供担保额度的公告》及《北京中科三环高技术 ...