横店东磁: 关于第三期员工持股计划第一个解锁期 解锁条件成就的公告 证券代码：002056 证券简称：横店东磁 公告编号：2025-028 横店集团东磁股份有限公司关于 第三期员工持股计划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。 横店集团东磁股份有限公司（以下简称"公司"）于 2025 年 3 月 25 日召 开第九届董事会第二十次会议，审议通过了《公司关于第三期员工持股计划第一 个解锁期解锁条件成就的议案》。鉴于公司第三期员工持股计划第一个解锁期解 锁条件已经成就，根据中国证监会《关于上市公司实施员工持股计划试点的指导 意见》以及《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》等相关规定，现将有关事项公告如下： 一、本员工持股计划批准及实施情况 《关于提请股东大会授权董事会办理第三期员工持股计划相关事宜的 议案》等相关议案。 司出具的《证券过户登记确认书》，公司回购专用证券账户持有公司股票的 —第三期员工持股计划"证券账户。 会第十次会议，审议通过了《公司关于调整第三期员工持股计划预留份额的议 ...

横店东磁: 第九届董事会第二十次会议决议公告 证券代码：002056 证券简称：横店东磁 公告编号：2025-027 司章程》和《公司董事会议事规则》的规定。 二、董事会会议审议情况 横店集团东磁股份有限公司 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 横店集团东磁股份有限公司（以下简称"公司"）第九届董事会第二十次会议于 二〇二五年三月二十日以书面或电子邮件形式通知全体董事，于二〇二五年三月二 十五日上午以通讯表决方式召开。本次会议应出席董事（含独立董事）7 人，实际 出席董事 7 人，公司监事及高级管理人员列席了本次会议。 本次会议出席人数、召开程序、议事内容均符合《中华人民共和国公司法》 《公 《公司关于第三期员工持股计划第一个锁定期解锁条件成就的公告》（公告编 号：2025-029），详见公司指定信息披露网站 http://cninfo.com.cn，同时刊登在 2025 年 3 月 22 日的《证券时报》上。 横店集团东磁股份有限公司董事会 二〇二五年三月二十六日 会议由公司董事长任海亮主持，与会董事经过认真讨论，审议并通 ...

第三期员工持股计划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。 横店集团东磁股份有限公司（以下简称"公司"）于 2025 年 3 月 25 日召 开第九届董事会第二十次会议，审议通过了《公司关于第三期员工持股计划第一 个解锁期解锁条件成就的议案》。鉴于公司第三期员工持股计划第一个解锁期解 锁条件已经成就，根据中国证监会《关于上市公司实施员工持股计划试点的指导 意见》以及《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》等相关规定，现将有关事项公告如下： 一、本员工持股计划批准及实施情况 1、2023 年 10 月 19 日，公司召开第九届董事会第五次会议和第九届监事会 第五次会议，并于 2023 年 11 月 7 日召开 2023 年第二次临时股东大会，审议通 过了《公司第三期员工持股计划（草案）》及其摘要、《公司第三期员工持股计划 管理办法》《关于提请股东大会授权董事会办理第三期员工持股计划相关事宜的 议案》等相关议案。 2、2024 年 3 月 19 日，公司收到中国证券登记结算有限责任公司深圳分公 ...

横店集团东磁股份有限公司 关于第三期员工持股计划第一期锁定期届满后 一、承诺的基本情况 履行自愿锁定股份承诺的公告 证券代码：002056 证券简称：横店东磁 公告编号：2025-029 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。 横店集团东磁股份有限公司（以下简称"公司"）于近日收到公司第三期员工 持股计划管理委员会出具的《关于自愿锁定股份的承诺函》，基于对公司未来发 展的信心，持有人承诺自愿将第三期员工持股计划第一个解锁期所获解锁的 3,852,000 股公司股份进行锁定期延长，延长期限为一年。具体情况如下： （二）承诺的内容 公司第三期员工持股计划持有人基于对公司未来发展前景及长期投资价值 的信心，为保证公司持续、稳定、健康发展，公司第三期员工持股计划持有人承 诺自愿将第三期员工持股计划第一个解锁期所获解锁的 3,852,000 股公司股份进 行锁定期延长，延长期限为一年，自 2025 年 3 月 20 日起至 2026 年 3 月 19 日。 二、其他事项 公司董事会将督促上述承诺主体严格遵守承诺，并按照相关法律法规的规定， 根据第三期员工持股计划 ...

证券代码：002056 证券简称：横店东磁 公告编号：2025-027 横店集团东磁股份有限公司 会议由公司董事长任海亮主持，与会董事经过认真讨论，审议并通过如下议案： （一）会议以 6 票同意、0 票反对、0 票弃权的结果审议通过了《公司关于第三 期员工持股计划第一个锁定期解锁条件成就的议案》，其中关联董事任海亮回避表 决。 根据《关于上市公司实施员工持股计划试点的指导意见》及《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》的相关规定，根据持有 人个人绩效考核情况，公司第三期员工持股计划第一个锁定期解锁条件已成就，本 次将解锁所持公司股票 3,852,000 股，解锁比例为首次授予份额的 30%，占公司总 股本的 0.24%。解锁后，持有人承诺再履行自愿锁定一年，锁定期限自 2025 年 3 月 20 日起至 2026 年 3 月 19 日。 《公司关于第三期员工持股计划第一个锁定期解锁条件成就的公告》（公告编 号：2025-029），详见公司指定信息披露网站 http://cninfo.com.cn，同时刊登在 2025 年 3 月 22 日的《证券时报》上。 三、备查文件 1 ...

Summary of Key Points from the Conference Call Industry Overview - The conference call discusses the performance of the **electric power equipment industry** in the first quarter of 2025, highlighting strong growth driven by increased investments from the State Grid and the successful implementation of several ultra-high voltage (UHV) projects [2][26]. Key Insights and Arguments Wind Power Industry - The wind power supply chain showed ideal performance in Q1 2025, with significant improvements in the production of components and main units. Companies like Jinglei and Riyue are expected to double their performance, while Daqing Heavy Industry also reported substantial improvements [3][4]. - Offshore wind projects are gaining traction, with major contracts awarded to companies like Dajin Heavy Industry in Europe, while domestic projects are concentrated in Guangdong, Shandong, Zhejiang, and Jiangsu [4]. Lithium Battery Sector - After two years of decline, the lithium battery sector is witnessing a turnaround in profitability in Q1 2025. Leading companies such as CATL and Yiwei Lithium Energy reported strong earnings, with a year-on-year volume growth of 20%-30% [5]. - CATL is expected to achieve approximately 14 billion yuan in performance, while Yiwei Lithium Energy anticipates a 30% year-on-year growth in operational metrics [5]. Photovoltaic Sector - The photovoltaic sector faced overall pressure in Q1 2025, although some companies like Canadian Solar and East Hope performed well. Canadian Solar benefited from its U.S. component and energy storage business, while East Hope gained from increased battery contributions from Indonesia [6][22][23]. - Domestic distribution component prices rose to 0.75 yuan per watt, but concerns about demand and price declines in the second half of the year persist [6][21]. Energy Storage Sector - The energy storage sector performed exceptionally well in Q1 2025, particularly in large-scale storage. Companies like Sungrow, Dewei, and Shangen Electric are expected to see significant growth, with Sungrow projecting revenues of 2.4-2.5 billion yuan [7][15][16]. - The demand for energy storage PCS (Power Conversion System) surged, with a year-on-year increase in bidding exceeding 150% in January and February [16]. Electric Power Equipment Industry - The electric power equipment industry experienced a strong start in Q1 2025, with investment in grid projects exceeding 40 billion yuan, reflecting a year-on-year increase of over 30% [26]. - The tendering amount for transmission and transformation equipment from the State Grid exceeded 15 billion yuan, with a growth rate of over 20% [27]. - The demand for high-voltage equipment is particularly strong, benefiting leading companies like Pinggao, XJ Electric, and Western Electric [28]. Export Trends - The export of electric transformers continued to grow, maintaining a trend of over 40% year-on-year growth in January and February 2025 [29]. - The demand for AIDC (Artificial Intelligence Data Center) supporting electrical equipment is rapidly increasing, with major companies receiving large-scale orders [30]. Other Important Insights - The performance of leading companies in the battery material segment, particularly in positive and negative electrode materials, showed a year-on-year growth of approximately 40% [10]. - The impact of rising petroleum coke prices on Q1 performance was minimal, as the costs were largely absorbed by battery manufacturers [11]. - The photovoltaic industry is experiencing a mixed performance, with many companies still in a loss-making state, but some are beginning to recover due to price adjustments and demand fluctuations [22][23]. This summary encapsulates the key points discussed in the conference call, providing a comprehensive overview of the electric power equipment industry and its related sectors in Q1 2025.

证券代码：002056 证券简称：横店东磁 公告编号：2025-026 横店集团东磁股份有限公司 关于举办 2024 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。 横店集团东磁股份有限公司（以下简称"公司"）已于 2025 年 3 月 12 日披 露了《公司 2024 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 2025 年 3 月 27 日（星期四）15:00-16:30 举行 2024 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：2025 年 3 月 27 日（星期四）15:00-16:30 投资者可于 2025 年 3 月 27 日（星期四）15:00 前登录 http://ir.p5w.net/zj/， 或扫描下方二维码，进入问题征集专题页面。公司将在 2024 年度业绩说明会上， 对投资者普遍关注的问题进行回答。 （二）在线参 ...

Investment Rating - The report assigns a "Buy-A" investment rating for the company, indicating a positive outlook for its stock performance in the coming months [1][6]. Core Insights - The company reported a revenue of 185.6 billion yuan for 2024, a year-on-year decline of 6.0%, but achieved a net profit of 18.3 billion yuan, reflecting a slight increase of 0.5% [2][3]. - The solar segment showed significant growth, with revenues of 110.7 billion yuan and shipments of 17.2 GW, marking a year-on-year increase of 73% [3]. - The company is expected to benefit from the release of production capacity in Indonesia, which is projected to enhance profit margins significantly in 2025 [3]. - The magnetic materials segment generated 45.8 billion yuan in revenue, with a year-on-year growth of 17%, solidifying the company's leading position in the market [4]. - The lithium battery segment achieved revenues of 24.2 billion yuan, with a shipment of 531 million units, reflecting a growth of 56% year-on-year [5]. Financial Performance Summary - The company’s projected net profits for 2025, 2026, and 2027 are 2.3 billion yuan, 2.7 billion yuan, and 3.1 billion yuan respectively, with corresponding P/E ratios of 11.3, 9.5, and 8.3 [6][9]. - The revenue forecast for the upcoming years shows a recovery trend, with expected revenues of 20.5 billion yuan in 2025, 24.8 billion yuan in 2026, and 28.9 billion yuan in 2027, indicating a compound annual growth rate [12]. - The company maintains a strong return on equity (ROE) of 17.8% for 2024, with projections of 18.3% for 2025 and beyond [9][12].

Investment Rating - The report assigns an "Accumulate-A" investment rating for the company, indicating a positive outlook for the stock [6]. Core Views - The company reported better-than-expected performance in Q4, with significant profit growth driven by the release of production capacity in Indonesia [1][3]. - The solar segment achieved a revenue of 11.07 billion yuan in 2024, with a shipment of 17.2 GW, reflecting a year-on-year growth of 73% [3]. - The company is expected to maintain stable performance in its magnetic materials segment, with a revenue of 4.58 billion yuan in 2024, showing a 17% increase [4]. - The lithium battery sector is also performing well, with a revenue of 2.42 billion yuan in 2024, marking a 56% year-on-year growth [5]. Summary by Sections Financial Performance - In 2024, the company achieved an operating income of 18.56 billion yuan, a decrease of 6% year-on-year, while the net profit attributable to shareholders was 1.83 billion yuan, a slight increase of 0.5% [1][9]. - The Q4 performance was particularly strong, with a revenue of 4.98 billion yuan, up 25.4% year-on-year, and a net profit of 0.91 billion yuan, representing a 4.4 times increase [1]. Production Capacity and Growth - The company has a total battery cell capacity of 23 GW and module capacity of 17 GW, with expected shipments exceeding 20 GW this year [3]. - The Indonesian production capacity is anticipated to contribute significantly to profit margins, with an estimated shipment of 3.5 GW in 2025 [3]. Market Position - The company is the largest producer of ferrite magnetic materials globally, with a production capacity of 290,000 tons [4]. - The copper inductors used in AI servers are expected to see a compound annual growth rate exceeding 20% in the coming years [4]. Future Projections - The projected net profits for 2025, 2026, and 2027 are 2.30 billion yuan, 2.73 billion yuan, and 3.12 billion yuan, respectively, with corresponding P/E ratios of 11.3, 9.5, and 8.3 [6][9].

Group 1: Company Development Plans - The magnetic materials segment aims for revenue of approximately 4.6 billion CNY in 2024, with a shipment of 232,000 tons, representing a 17% year-on-year growth [1] - The company focuses on consolidating its leading position in ferrite permanent magnets and soft magnets, with a strategy of horizontal diversification and vertical extension [1] - Key markets for permanent magnets include home appliances and the automotive industry, with an emphasis on increasing market share [1] Group 2: Product Development and Market Applications - Copper sheet inductors are critical components in chip power modules, with an expected compound annual growth rate exceeding 20% in the coming years [3] - EMC filter devices are essential for electric vehicles to mitigate electromagnetic interference, with a per vehicle application value of approximately 100-200 CNY [4] - The company has secured multiple development contracts for EMC filter devices with new energy vehicle manufacturers, anticipating growth as these models ramp up production [4] Group 3: Market Trends and Pricing - European market demand has improved since the beginning of the year, leading to price increases due to stabilized raw material costs [5] - The price increase in Europe differs from domestic trends, influenced by the upcoming transition of solar projects to the electricity market in China [5] - The company expects to ship over 3.5 GW from its Indonesian base in 2025, primarily targeting the U.S. market [6] Group 4: Cost and Production Insights - The cost of production in Indonesia is higher than in China, but the product pricing is also elevated [6] - The company’s N-type battery production base in Yibin has a capacity exceeding 15 GW, primarily for internal use [6] - The average profit margin for the component production base in Lianyungang was approximately 4-5 CNY per watt last year [6] Group 5: Lithium Battery Outlook - The company shipped 530 million lithium batteries last year, with a significant market share in electric two-wheelers, accounting for about 70% of total shipments [6] - The target for lithium battery shipments this year exceeds 600 million units, with growth expected across various applications including electric tools and smart home devices [6]