证券代码：002088 证券简称：鲁阳节能 公告编号：2024-052 山东鲁阳节能材料股份有限公司 关于向 2024 年限制性股票激励计划激励对象 3、激励对象获授的限制性股票分配情况 授予预留限制性股票的公告 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。 重要内容提示： 限制性股票预留授予日：2024 年 10 月 29 日 限制性股票预留授予数量：131.00 万股 限制性股票预留授予价格：6.36 元/股 山东鲁阳节能材料股份有限公司（以下简称"公司"）2024 年限制性股票激励计划 （以下简称"本激励计划"）规定的预留授予条件已经成就，根据公司 2024 年第一次 临时股东大会的授权，公司于 2024 年 10 月 29 日召开第十一届董事会第十一次会议及 第十一届监事会第十次会议，审议通过《关于向 2024 年限制性股票激励计划激励对象 授予预留限制性股票的议案》，董事会同意以 2024 年 10 月 29 日为预留授予日，以 6.36 元/股的价格向 49 名激励对象授予共计 131.00 万股限制性股票。现将有关事项公告如 下： 一、本激励计 ...

山东鲁阳节能材料股份有限公司 2024 年第三季度报告 1 证券代码：002088 证券简称：鲁阳节能 公告编号：2024-049 山东鲁阳节能材料股份有限公司 2024 年第三季度报告 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.董事会、监事会及董事、监事、高级管理人员保证季度报告的真实、准确、完整， 不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 2.公司负责人、主管会计工作负责人及会计机构负责人(会计主管人员)声明：保证季度 报告中财务信息的真实、准确、完整。 3.第三季度报告是否经过审计 □是 否 山东鲁阳节能材料股份有限公司 2024 年第三季度报告 同一控制下企业合并 2 一、主要财务数据 （一） 主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 是 □否 追溯调整或重述原因 | --- | --- | --- | --- | --- | --- | --- | --- | --- | |--------------------------------------------------- ...

证券代码：002088 证券简称：鲁阳节能 公告编号：2024—046 山东鲁阳节能材料股份有限公司 关于 2024 年半年度报告及摘要的更正公告 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、情况说明 山东鲁阳节能材料股份有限公司（以下简称"公司"）于 2024 年 8 月 30 日在巨潮 资讯网（http://www.cninfo.com.cn）披露了《2024 年半年度报告》及《2024 年半年度报 告摘要》，因工作人员疏忽导致 2024 年半年度报告及摘要有误，现进行更正。 二、具体更正内容 （一）《2024 年半年度报告摘要》 "二、公司基本情况"之"2、主要会计数据和财务指标" 更正前： | --- | --- | --- | --- | --- | |----------------------|-------|--------|--------|--------| | | | 调整前 | 调整后 | 调整后 | | 加权平均净资产收益率 | 7.28% | 0.09% | 7.05% | 0.23% | | --- | --- | --- ...

Financial Performance - The company's operating revenue for the first half of 2024 was ¥1,613,139,955.26, a decrease of 4.20% compared to ¥1,683,855,244.00 in the same period last year[10]. - The net profit attributable to shareholders was ¥206,945,913.67, down 7.61% from ¥224,002,225.45 in the previous year[10]. - The net profit after deducting non-recurring gains and losses was ¥205,631,126.06, reflecting a 17.42% decrease from ¥249,019,068.76 in the prior year[10]. - The basic earnings per share were ¥0.4005, down 9.47% from ¥0.4424 in the same period last year[10]. - The diluted earnings per share were also ¥0.4005, reflecting a 9.47% decrease from ¥0.4424 in the previous year[10]. - The total comprehensive income for the first half of 2024 is CNY 207.09 million, compared to CNY 223.34 million in the first half of 2023, reflecting a decrease of 7.3%[87]. - The company's total profit for the first half of 2024 is CNY 200.09 million, down from CNY 229.47 million in the first half of 2023, representing a decline of 12.8%[89]. Cash Flow and Investments - The net cash flow from operating activities increased by 49.53% to ¥210,863,817.57, compared to ¥141,017,359.91 in the same period last year[10]. - The net cash flow from investing activities was negative at ¥63,137,349.58, a decline of 282.38% compared to the previous year[24]. - The company's financing activities generated a net cash flow of ¥39,702,200.00, marking a 100.00% increase due to the receipt of restricted stock subscription funds[25]. - Cash flow from operating activities for the first half of 2024 is CNY 1.62 billion, a decrease from CNY 1.69 billion in the same period of 2023[89]. - The total cash inflow from operating activities reached CNY 1,664,263,031.80, while cash outflow was CNY 1,453,399,214.23, resulting in a net cash inflow of CNY 210,863,817.57[90]. Assets and Liabilities - The total assets at the end of the reporting period were ¥3,568,322,419.58, a decrease of 6.95% from ¥3,834,999,723.83 at the end of the previous year[10]. - The net assets attributable to shareholders decreased by 6.94% to ¥2,611,824,711.27 from ¥2,806,537,389.12 at the end of the previous year[10]. - The company's total equity as of June 30, 2024, was CNY 2,611,824,711.27, down from CNY 2,806,537,389.12, reflecting a decrease of approximately 6.9%[81]. - Total current liabilities decreased to CNY 929,089,276.06 from CNY 996,891,112.94, a reduction of about 6.8%[81]. Research and Development - The company's R&D investment decreased by 45.43% to ¥30,656,222.34, attributed to different project development stages[23]. - The company is committed to research and development, with plans to increase investment in new technology and product development in the second half of 2024[22]. - The company has a professional R&D team focused on new product development and application technology, positioning it among the top in the industry[16]. Market Position and Products - The company has established a leading position in the domestic ceramic fiber industry, with significant competitive advantages in production scale, product variety, and technology[16]. - The company’s main products include ceramic fibers, soluble fibers, alumina fibers, and lightweight mullite bricks, which are widely used in various high-temperature industrial applications[15]. - The company is recognized as a national manufacturing single champion demonstration enterprise, reflecting its strong market position and technological capabilities[16]. - The ceramic fiber market is facing increased competition due to new capacity projects in low-end insulation products, which may impact pricing and market dynamics[16]. Environmental Responsibility - The company has obtained pollution discharge permits for all subsidiaries, with the main permit valid until December 4, 2028[45]. - The company reported no exceedance of emission standards for major pollutants, including sulfur dioxide (9 mg/m³) and nitrogen oxides (47 mg/m³)[46]. - The company utilizes advanced pollution control technologies such as bag filters, dual-alkali desulfurization, and SCR denitrification to manage emissions[48]. - The company has implemented an online monitoring system for emissions, ensuring real-time data upload and periodic verification[48]. Corporate Governance and Shareholder Relations - The company plans not to distribute cash dividends or issue bonus shares[1]. - The company held two temporary shareholder meetings in 2024, with attendance rates of 58.07% and 3.20% respectively[39]. - The company has made significant changes in its management team, including the appointment of new vice presidents and the resignation of several executives[40]. - The company maintains a commitment to independent operations and has established measures to protect its independence as a listed entity[51]. Related Party Transactions - The company reported a total of 3,934.02 thousand yuan in related procurement transactions with UNIFRAX I LLC, accounting for 71.08% of similar transaction amounts[57]. - The company engaged in related procurement transactions with ITM-Unifrax K.K. totaling 1,499.74 thousand yuan, representing 27.10% of similar transaction amounts[57]. - The company confirmed that there were no penalties or rectifications during the reporting period[57]. - The company maintains that all related transactions were conducted at market fair prices[57]. Risk Factors - The company faces risks related to competitive pressures in the ceramic fiber insulation market, leading to lower sales prices and declining profitability[36]. - The company recorded a credit impairment loss of ¥15,908,109.16, which accounted for -6.32% of total profit, primarily due to receivables impairment losses[28]. - The overall strategy includes monitoring and adjusting bad debt provisions based on the expected credit loss model to mitigate financial risks[200].

Investment Rating - The investment rating for the company is "Buy" and is maintained [3]. Core Views - The company reported a revenue of 1.613 billion yuan for the first half of 2024, a year-on-year decrease of 4.20%, and a net profit attributable to shareholders of 207 million yuan, down 7.61% year-on-year [3]. - The overall business remains stable, with gradual structural optimization. Emerging industries such as shipbuilding and new energy, as well as traditional markets like non-ferrous metals and electricity, continue to see demand growth, while demand in downstream industries like ceramics, cement, and flat glass has not improved [3]. - The company is accelerating its expansion into new fields, optimizing sales strategies to boost shipments of bulk materials, and integrating businesses to enhance competitiveness and profitability [3][4]. - The company has significant competitive advantages, including production capacity, product variety, and advanced manufacturing equipment [3]. - The outlook for ceramic fiber is promising, with expectations for accelerated demand release in the second half of 2024 [4]. - The projected earnings for 2024-2025 are 510 million and 690 million yuan, respectively, corresponding to price-to-earnings ratios of 10 and 7 times [4]. Summary by Sections Financial Performance - In the first half of 2024, the company’s ceramic fiber products generated 1.44 billion yuan in revenue, a decrease of 0.75% year-on-year, with a gross margin of 30.98%, down 3.3 percentage points [3]. - Automotive pad products saw revenue of 67.62 million yuan, down 46.25% year-on-year, but with a gross margin increase of 5.35 percentage points to 6.83% [3]. - Industrial filtration products achieved revenue of 95.28 million yuan, a year-on-year increase of 20.5%, with a gross margin improvement of 0.38 percentage points to 10.58% [3]. Market Outlook - The company is focusing on new market development in sectors like new energy and shipbuilding while optimizing existing operations in traditional industries [3]. - The competitive landscape in the ceramic fiber market is expected to improve, driven by the increasing demand in petrochemical applications [4]. Future Projections - The company anticipates revenue growth, with total revenues projected to reach 3.703 billion yuan in 2024 and 4.529 billion yuan in 2025 [8]. - The net profit is expected to grow to 508 million yuan in 2024 and 692 million yuan in 2025 [8]. Competitive Advantages - The company has a production capacity of 590,000 tons of ceramic fiber products, with production bases across multiple regions in China [3]. - It offers a wide range of products, including ceramic fibers and industrial filtration bags, catering to various industry needs [3]. - The manufacturing equipment is described as world-class, with high levels of automation and efficiency [3].

Investment Rating - The investment rating for the company is "Buy" [4][6]. Core Views - The company is experiencing pressure on revenue and profit growth, but positive signals are emerging. The acquisition of Qina Shanghai is expected to contribute to growth, and the company is solidifying its leading position in ceramic fibers while actively developing automotive pads and industrial filtration products [2][6][4]. - The company is expected to achieve net profits of 610 million, 680 million, and 780 million yuan for 2024, 2025, and 2026 respectively, with year-on-year growth rates of 23%, 13%, and 14% [6][7]. Financial Performance Summary - In the first half of 2024, the company reported revenue of 1.61 billion yuan, a year-on-year decrease of 4.2%, and a net profit of 210 million yuan, down 7.6% year-on-year. The second quarter of 2024 saw revenue of 910 million yuan, a decrease of 1.6% year-on-year, and a net profit of 120 million yuan, down 9.5% year-on-year [2][6]. - The gross margin for the first half of 2024 was 28.8%, a decrease of 1.7 percentage points year-on-year. The gross margins for ceramic fibers, automotive pads, and industrial filtration products were 31.0%, 6.8%, and 10.6% respectively [6][7]. - The company’s total assets are projected to grow from 39.15 billion yuan in 2022 to 48.47 billion yuan in 2026, with a steady increase in revenue from 3.37 billion yuan in 2022 to 4.75 billion yuan in 2026 [7][9].

Investment Rating - The report maintains a "Buy" rating for the company, with a target price of 13.7 CNY, reflecting a 14x PE for 2024 [4][5]. Core Views - The company has shown stable revenue in its ceramic fiber products, with new product synergies expected to gradually materialize. The first half of the year saw a revenue of 1.61 billion CNY and a net profit of 210 million CNY, representing a year-on-year decline of 4.2% and 7.6% respectively [1][2]. - The company is positioned as a leader in the ceramic fiber industry in China, with significant advantages in scale, cost, and product offerings. The demand for ceramic fibers is anticipated to grow due to national initiatives for equipment upgrades and energy conservation [4][5]. Financial Performance - In the first half of the year, the company achieved a gross margin of 28.8%, a slight decrease of 1.69 percentage points year-on-year. The gross margins for ceramic fiber products, automotive pads, and industrial filtration products were 30.98%, 6.83%, and 10.58% respectively [3]. - The company reported an operating cash flow of 210 million CNY, a year-on-year increase of 49.5%, primarily due to reduced payments for raw materials, energy, and taxes [3][11]. Revenue Breakdown - The revenue from ceramic fiber products, automotive pads, and industrial filtration products for the first half of the year was 1.44 billion CNY, 68 million CNY, and 95 million CNY respectively, with year-on-year changes of -0.75%, -46.25%, and +20.51% [2]. - The company’s subsidiary in Inner Mongolia contributed 258 million CNY in revenue, marking a 1.1% increase year-on-year, with a net profit of 51 million CNY, up 53% [2]. Future Outlook - The company has adjusted its net profit forecasts for 2024-2026 to 500 million CNY, 600 million CNY, and 711 million CNY respectively, down from previous estimates [4]. - The report highlights the potential for cost reductions through local production of raw materials and technological upgrades, which could enhance profitability in the future [3].

证券代码：002088 证券简称：鲁阳节能 公告编号：2024-045 山东鲁阳节能材料股份有限公司 关于会计政策变更的公告 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. 山东鲁阳节能材料股份有限公司（以下简称"公司"）根据中华人民共和国财政 部（以下简称"财政部"）《关于印发<企业会计准则解释第 17 号>的通知》（财会[2023]21 号）（以下简称"准则解释第 17 号"）的要求变更会计政策，不会对本公司的财务状 况、经营成果和现金流量产生重大影响。 2. 公司于 2024 年 8 月 28 日召开第十一届董事会第十次会议和第十一届监事会第 九次会议，审议通过了《关于公司会计政策变更的议案》，本次会计政策变更无需提交公 司股东大会审议。现将有关情况公告如下： 一、会计政策变更概述 2023 年 10 月 25 日，财政部发布了准则解释第 17 号，该解释对"关于流动负债与 非流动负债的划分""关于供应商融资安排的披露""关于售后租回交易的会计处理"的 内容进行了规范说明。由于上述会计准则解释的发布，公司需对会计政策进行相应变更， 并按 ...

山东鲁阳节能材料股份有限公司 | | | | | | 2024 年上半 | 2024 年上半 | 2024 年上 | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 非经营性资金 | 资金占用方名 | 占用方与上市 | 上市公司 | 2024 年期 | 年占用累计发 | 年占用资金 | 半年偿还 | 2024 年上 | 占用形 | | | | | 公司的关联关 | 核算的会 | 初占用资 | | | | 半年期末占 | | 占用性质 | | 占用 | 称 | | | | 生金额（不含 | 的利息（如 | 累计发生 | | 成原因 | | | | | 系 | 计科目 | 金余额 | | | | 用资金余额 | | | | | | | | | 利息） | 有） | 金额 | | | | | 控股股东、实 | | | | | | | | | | 非经营性占 | | 际控制人及其 | | | | | | | | | | 用 | | 附属企业 | | | | | | | | | | | | 小计 | - | - | ...

证券代码：002088 证券简称：鲁阳节能 公告编号：2024-044 山东鲁阳节能材料股份有限公司 关于同一控制下企业合并追溯调整财务数据的公告 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。 山东鲁阳节能材料股份有限公司（以下简称"公司"）于 2024 年 8 月 28 日召开 第十一届董事会第十次会议和第十一届监事会第九次会议，审议通过了《关于同一控 制下企业合并追溯调整财务数据的议案》。现将相关事项公告如下： 一、本次追溯调整背景情况 二、财务报表数据进行追溯调整的原因 根据《企业会计准则第 2 号——长期股权投资》《企业会计准则第 20 号——企业 合并》《企业会计准则第 33 号——合并财务报表》及其相关指南、解释等相关规定，公 司与奇耐上海系同一实际控制人控制下的关联企业，公司对奇耐上海的收购构成同一 控制下企业合并。对于同一控制下的合并，编制合并资产负债表时，应当调整合并资产 负债表的期初数，同时应当对比较报表的相关项目进行调整，视同合并后的报告主体 自最终控制方开始控制时点起一直存在。因此，按照上述规定，公司需对 2023 年半年 度合并利润 ...