横店集团东磁股份有限公司（以下简称"公司"）已于 2024 年 3 月 9 日披 露了《公司 2023 年年度报告》及其摘要，详情请参阅《证券时报》及巨潮资讯 网（www.cninfo.com.cn）。为了更好地与广大投资者进行交流，使投资者能够进 一步了解公司的生产经营情况，公司定于 2024 年 3 月 20 日（星期三）15:00-17:00 举行 2023 年度业绩网上说明会，具体情况如下： 一、说明会召开方式与时间 会议召开方式：网络文字互动 会议召开时间：2024 年 3 月 20 日（星期三）15:00-17:00 证券代码：002056 证券简称：横店东磁 公告编号：2024-022 横店集团东磁股份有限公司 关于举办 2023 年度业绩网上说明会的公告 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。 1 （问题征集专题页面二维码） 三、出席人员 出席本次说明会的人员有：公司董事长任海亮、独立董事贾锐、总经理何悦、 副总经理兼董事会秘书吴雪萍、财务总监郭健，具体以当天实际参会人员为准。 欢迎广大投资者积极参与本次网上业绩说明会。 特此公告。 二 ...

本报告仅供 Choice 东方财富 使用，请勿传阅。 公司快报 2024 年 03 月 12 日 横 店东磁(002056.SZ) 证券研究报告 光伏板块盈利高增，扩产持续凸显成长 太阳能 投资评级 增持-A 潜力 维持评级 6个月目标价 21元 公司发布 2023 年度报告 股价 (2024-03-12) 15.12元 公司 2023 年实现营业收入197.21 亿元，同比增长1.39%；实现归母 净利润 18.16亿元，同比增长8.80%；实现扣非归母净利润 20.25亿 交易数据 元，同比增长 26.58%。其中 2023 年 Q4 营业收入 39.64 亿元，同比 总市值(百万元) 24,595.89 减少 25.58%、环比减少28.08%；实现归母净利润1.66 亿元，同比减 流通市值(百万元) 24,570.88 少 63.97%、环比减少62.10%；实现扣非归母净利润 3.91 亿元，同比 总股本(百万股) 1,626.71 减少 27.20%、环比增加1.30%。 流通股本(百万股) 1,625.06 12个月价格区间 11.46/20.88元 光伏板块盈利高增，资产减值扰动业绩表现 ✔收 ...

Investment Rating - The report maintains a "Buy" rating for the company [1] Core Views - The company reported a revenue of 19.721 billion yuan in 2023, a year-on-year increase of 1.39%, and a net profit attributable to shareholders of 1.816 billion yuan, up 8.80% year-on-year [1] - The company expects a 50% year-on-year increase in photovoltaic product shipments in 2024, supported by ongoing capacity expansion in TOPCon products [1] - The lithium battery segment aims for a 50% year-on-year growth in shipments, while the magnetic materials business is actively pursuing international expansion [1] Summary by Sections Financial Performance - In Q4 2023, the company achieved a revenue of 3.964 billion yuan, a decrease of 25.58% year-on-year, and a net profit of 166 million yuan, down 63.97% year-on-year [1] - The photovoltaic segment shipped 9.95 GW in 2023, a growth of 24.27%, with a gross margin increase of 6.35 percentage points to 21.21% [1] - The magnetic materials segment saw a shipment increase of 7.87% to 198,500 tons, with a gross margin rise of 2.79 percentage points to 26.49% [1] - The lithium battery segment's shipments increased by 75.36% to 340 million units, although gross margin decreased by 13.44 percentage points to 6.93% due to raw material price declines and intensified competition [1] Future Outlook - The company plans to expand its TOPCon battery capacity by 6 GW and component capacity by 5 GW in 2024, with additional projects in Southeast Asia [1] - The company aims to maintain its market share in the high-margin European market through differentiated strategies [1] - The report projects net profits for 2024, 2025, and 2026 to be 1.851 billion yuan, 2.071 billion yuan, and 2.291 billion yuan respectively, reflecting a downward adjustment of 30% and 37% for 2024 and 2025 [1][2]

Investment Rating - The investment rating for the company is "Outperform the Market" [1][3] Core Views - The company achieved steady revenue growth in 2023, with total revenue reaching 19.721 billion yuan, a year-on-year increase of 1.39%, and a net profit attributable to shareholders of 1.816 billion yuan, up 8.80% year-on-year. The non-recurring net profit grew by 26.58% year-on-year to 2.025 billion yuan. The photovoltaic segment saw rapid profit growth, while the magnetic materials segment maintained stable profitability, and the lithium battery segment experienced a decline in profitability [2][3][5]. Summary by Sections Financial Performance - In 2023, the company reported total revenue of 19.721 billion yuan, a slight increase of 1.39% year-on-year. The net profit attributable to shareholders was 1.816 billion yuan, reflecting an 8.80% increase year-on-year. The non-recurring net profit was 2.025 billion yuan, marking a significant growth of 26.58% year-on-year. The company faced asset impairment and fair value changes that impacted profits, totaling 261 million yuan [2][3][5]. Photovoltaic Segment - The photovoltaic segment achieved sales of 9.95 GW in 2023, a year-on-year increase of 24.27%, with profits nearly doubling. The company has an internal production capacity of 14 GW for photovoltaic cells and 12 GW for photovoltaic modules. It has expanded its capacity with an additional 6 GW of TOPCon high-efficiency cells and 5 GW of TOPCon high-efficiency modules, along with 2 GW of TOPCon cells under construction. The company has also made significant strides in the domestic market, surpassing 100 MW in distributed project development and securing approximately 1 GW in downstream power station development indicators [3][5]. Magnetic Materials Segment - The magnetic materials segment generated revenue of 3.74 billion yuan in 2023, a decrease of 11.03% year-on-year, but with an improved gross margin of 26.49%, up 2.79 percentage points. Despite a decline in terminal demand for permanent magnets, the company increased its market share. The soft magnetic materials segment focused on high-end customers and actively developed new products for applications in the new energy vehicle and photovoltaic sectors [3][5]. Lithium Battery Segment - The lithium battery segment reported revenue of 2.051 billion yuan, a year-on-year increase of 31.38%, with a shipment volume of 340 million units, up 75.36% year-on-year. While many industry players maintained low operating rates and profitability declined, the company achieved an industry-leading operating rate and increased its market share. It is also exploring new product applications in home storage, balcony storage, and commercial storage [3][5]. Profit Forecast and Valuation - The company is expected to achieve net profits attributable to shareholders of 1.830 billion yuan, 2.214 billion yuan, and 2.585 billion yuan for the years 2024 to 2026, representing year-on-year growth rates of 0.8%, 21.0%, and 16.7%, respectively. Based on comparable company valuations, a price-to-earnings (PE) ratio of 14-16 times for 2024 is suggested, corresponding to a reasonable value range of 15.75 to 18.00 yuan [3][5].

横店东磁（002056.SZ）2023年年报点评 Q4 扣非环比趋稳，期待新项目持续放量 2024年03月10日 ➢ 事件：2024年3月8日，公司发布2023年年报。2023年，公司实现营 推荐 维持评级 收197.21亿元，同比增长1.4%；归母净利润18.16亿元，同比增长8.8%；扣 当前价格： 14.98元 非归母净利 20.25 亿元，同比增长 26.6%。2023Q4，公司实现营收 39.64 亿 元，同比减少25.6%、环比减少28.1%；归母净利润1.66亿元，同比减少64%、 [Table_Author] 环比减少 62%；扣非归母净利 3.91 亿元，同比减少 27.2%、环比增长 1.3%。 业绩符合业绩预告。 ➢ 2023年公司实现扣非归母净利润同比增长26.6%。主要得益于毛利同比增 长 6.88 亿元。分板块来看，2023 年光伏/磁性材料/锂电池/器件板块毛利占比 分别为 66.3%、24.2%、3.5%、4.1%。光伏产品毛利同比增长 8.4 亿元，为主 要增利板块，锂电池板块同比减少1.8亿元，为主要减利板块。 分析师 邱祖学 ①光伏板块：量价齐升。2023年底公司已经具备 ...

Dividend Distribution - The company plans to distribute a cash dividend of 3.90 CNY per 10 shares to all shareholders, based on a total of 1,612,404,222 shares[2]. - The company has not issued any bonus shares and will not convert reserves into share capital[2]. - The company distributed a total cash dividend of 583,742,086.54 RMB (including tax), amounting to 3.620321 RMB per 10 shares based on 1,612,404,222 shares[116]. - The total cash dividend distribution accounts for 100% of the total distributable profit of 5,939,930,878.57 CNY[118]. Financial Performance - The company's operating revenue for 2023 reached CNY 1,972,095.53 million, representing a 1.39% increase compared to 2022[12]. - The net profit attributable to shareholders for 2023 was CNY 1,945,063.82 million, an increase of 8.80% year-on-year[12]. - The net profit after deducting non-recurring gains and losses was CNY 202,528.89 million, up 26.58% from the previous year[12]. - Basic earnings per share for 2023 were CNY 1.13, a 9.71% increase from CNY 1.03 in 2022[12]. - The company achieved a revenue of 19.721 billion yuan in 2023, representing a year-on-year growth of 1.39%[27]. - Net profit attributable to shareholders reached 1.816 billion yuan, an increase of 8.80% year-on-year, while the net profit excluding non-recurring gains and losses was 2.025 billion yuan, up 26.58%[27]. - The company reported a total revenue for the year 2023 at 19,720,955,279.97 RMB, primarily from solar photovoltaic products, magnetic materials, and lithium batteries[196]. Risk Factors - The company acknowledges various risk factors that may impact operations, including industry policies, exchange rate fluctuations, market expansion, technological upgrades, and raw material price volatility[2]. - The company faces risks related to global industrial policies, which can significantly impact the photovoltaic industry[79]. - The company is exposed to foreign exchange risks due to its overseas business primarily conducted in euros and US dollars[78]. - The company acknowledges the risk of market expansion challenges, particularly in the context of potential overcapacity in the photovoltaic industry[79]. Technological Advancements - The company has highlighted its focus on technological advancements in the solar energy sector, including the development of new battery technologies[5]. - The company is developing N-type high-efficiency battery technology with a target conversion efficiency of ≥ 27%[53]. - The company aims to expand its market share in N-type high-efficiency components, targeting a power output of ≥ 580W for M10 72 version components[53]. - The company is working on smart components that integrate optimization, monitoring, and shutdown functions to improve user interaction[53]. Market Expansion - The company is actively exploring market expansion opportunities and potential mergers and acquisitions to enhance its competitive position[5]. - The company is focused on expanding its market presence in the photovoltaic sector, driven by favorable global energy policies and technological advancements[19]. - The company plans to expand its market presence by entering three new regions in 2024, aiming for a 20% growth in market share[100]. - The company is exploring opportunities for international market expansion, particularly in Asia and Europe, to diversify its revenue streams[93]. Corporate Governance - The company maintained a governance structure compliant with the requirements of the China Securities Regulatory Commission, ensuring fair treatment of all shareholders[83]. - The board of directors consists of 7 members, including 3 independent directors, ensuring compliance with legal requirements[83]. - The company published 116 documents related to board resolutions and reports in 2023, achieving an "A" rating in information disclosure assessment by the Shenzhen Stock Exchange[85]. - The company operates independently from its controlling shareholder in terms of business, assets, personnel, and finance, ensuring a complete and independent operational capability[86]. Environmental Initiatives - The company has maintained compliance with various environmental protection laws and standards during its operations[131]. - The company has completed three environmental impact assessment reports and obtained approval for these projects in 2023[132]. - The company has implemented a comprehensive waste management strategy, including the classification and proper disposal of solid waste, and has focused on reducing waste packaging through various measures[139]. - The company generated a total of 51.61 million kWh from its solar photovoltaic power generation project in 2023, with 28.82 million kWh fed back to the grid, indirectly reducing carbon dioxide emissions by 36,308 tons[141]. Research and Development - The company has established a "three-level collaborative innovation" R&D model, integrating research institutes, business unit development departments, and factory technology departments[26]. - Research and development investment for 2023 was 877 million CNY, with 18 products certified as new products by provincial authorities[39]. - The company is committed to research and development of new products, particularly in the semiconductor and energy sectors, to drive future growth[94]. - The company has implemented a new employee training program to enhance skills and cultural integration for new hires[114]. Financial Management - The company has entrusted financial management with a total amount of 834,948,400, including overdue amounts of 286,250,000[170]. - The company plans to issue convertible bonds to raise up to 3.2 billion for new projects, including a 12GW high-efficiency battery manufacturing facility[173]. - The company reported a loss of 286,250,000 due to uncertainties in redeeming financial management funds[172]. - The company has received a total of 1,375,000 from the financial management products, with significant uncertainty regarding the remaining funds[172]. Employee Engagement - The total number of employees at the end of the reporting period was 18,416, including 12,712 at the parent company and 5,704 at major subsidiaries[111]. - The company conducted over 4,000 training sessions in 2023, totaling 307,000 hours of training for employees[114]. - The company has established a comprehensive salary management system and incentive mechanism to attract and retain talent[113]. - The company has nearly 20 marketing centers and warehouses overseas, with export revenue constituting approximately 60% of total income[39].

2023 Contents 目录 01 公司概况 全球化布局 ESG亮点绩效 企业影响力 公司大事记 07 09 10 11 13 02 ESG管理 公司治理 风险管理 商业道德与反腐败 信息安全与隐私保护 党建引领发展 17 21 23 25 26 27 03 - 环境管理 应对气候变化 资源利用 三废管理 31 34 39 43 04 供应链概况 供应链管理 负责任采购 赋能供应商 41 52 55 57 05 产品创新 知识产权管理 产品质量与安全 数字化转型 客户服务 61 65 67 70 74 关于本报告 董事会声明 01 03 横店东磁-环境、社会与治理报告 Environmental, Social and Governance Report | 99 | 未来展望 | | --- | --- | | 100 | 关键绩效表 | | 103 | 指标索引 | | 114 | 公司名称指代说明 | | 115 | 审验报告 | | 118 | 意见反馈 | 2023 | 06 | | --- | | 81 | 保障员工权益 | | --- | --- | | 86 | 守护员工健康 | | 91 ...

一、本报告期资产、经营及现金流量总体情况 2023 年 12 月 31 日公司总资产 2,119,572.57 万元，总负债 1,200,727.35 万元， 归属于母公司所有者权益 900,560.63 万元。 2023 年度营业收入 1,972,095.53 万元，营业利润 208,148.58 万元，归属于母公 司所有者的净利润 181,617.32 万元。 横店集团东磁股份有限公司 2023 年度财务决算报告 经天健会计师事务所（特殊普通合伙）审计，2023 年度横店集团东磁股份有限 公司（以下简称"公司"）经营业绩情况如下： 2023 年度经营活动产生的现金流量净额 389,406.87 万元，投资活动产生的现金 流量净额-98,179.45 万元，筹资活动产生的现金流量净额-47,765.07 万元，现金及现 金等价物净增加额 254,164.97 万元。 二、 资产、负债、股东权益情况 三、经营成果 单位：万元 | 项目 | 2023年 | 2022年 | 增减比例(%) | | --- | --- | --- | --- | | 营业收入 | 1,972,095.53 | 1,945,063. ...

胡天高： 厉宝平： 吕 岩： 杨柳勇： 横店集团东磁股份有限公司董事会 关于独立董事独立性自查情况的专项意见 根据中国证券监督管理委员会《上市公司独立董事管理办法》《深圳证券交 易所股票上市规则》《深圳证券交易所上市公司自律监管指引第 1 号——主板上 市公司规范运作》等要求，横店集团东磁股份有限公司（以下简称"公司"）董 事会就公司在任独立董事吕岩、杨柳勇、贾锐的独立性情况进行评估并出具如下 专项意见： 经核查独立董事吕岩、杨柳勇、贾锐的任职经历以及签署的相关自查文件， 上述人员未在公司担任除独立董事以外的任何职务，也未在公司主要股东公司担 任任何职务，与公司以及主要股东之间不存在利害关系或其他可能妨碍其进行独 立客观判断的关系，不存在影响独立董事独立性的情况，符合《上市公司独立董 事管理办法》《深圳证券交易所上市公司自律监管指引第 1 号——主板上市公司 规范运作》中对独立董事独立性的相关要求。 董事签名： 任海亮： 徐文财： 1 贾 锐： 二〇二四年三月七日 横店集团东磁股份有限公司董事会 ...

横店集团东磁股份有限公司 2023 年度内部控制自我评价报告 根据《企业内部控制基本规范》及其配套指引的规定和其他内部控制监管要 求（以下简称"企业内部控制规范体系"），结合横店集团东磁股份有限公司（以 下简称"公司"）内部控制制度和评价办法，在内部控制日常监督和专项监督的 基础上，我们对公司 2023 年 12 月 31 日（内部控制评价报告基准日）的内部控 制有效性进行了评价。 一、重要声明 按照企业内部控制规范体系的规定，建立健全和有效实施内部控制，评价其 有效性，并如实披露内部控制评价报告是公司董事会的责任。监事会对董事会建 立和实施内部控制进行监督。管理层负责组织领导企业内部控制的日常运行。公 司董事会、监事会及董事、监事、高级管理人员保证本报告不存在任何虚假记载、 误导性陈述或重大遗漏，并对报告内容的真实性、准确性和完整性承担个别及连 带法律责任。 公司内部控制的目标是合理保证经营管理合法合规、资产安全、财务报告及 相关信息真实完整，提高经营效率和效果，促进公司实现发展目标。由于内部控 制存在固有局限性，故仅能为实现上述目标提供合理保证。此外，由于情况的变 化可能导致内部控制变得不恰当，或对控制政 ...