Group 1: Company Overview and Operations - West Metal Materials Co., Ltd. is focusing on the development of large-scale low-cost titanium alloy technology for marine applications, with the main plant construction completed [1] - The company aims to enhance key process control capabilities, reduce outsourcing costs, and ensure product performance consistency and batch stability [1] Group 2: Financial Performance - The company's revenue slightly decreased in the first half of the year, but gross profit margin improved due to a shift in product structure [1] - High-value-added products have increased their revenue share, while demand for civilian products has declined [2] Group 3: Market and Product Development - The company has successfully developed silver alloy control rods for nuclear power, breaking foreign monopolies and becoming the sole domestic supplier [2] - In the first half of the year, revenue from high-end titanium alloy products grew by 8%, zirconium materials by 43%, and tantalum-niobium materials by 92% [2] Group 4: Strategic Focus and Future Opportunities - The company is aligning its product development with national strategic needs and continuously optimizing its product structure [2] - There is a strong demand growth in shipbuilding, weaponry, nuclear power, and new energy sectors, providing robust growth momentum for the company [2]

证券代码：002149 证券简称：西部材料 公告编号：2024-032 西部金属材料股份有限公司 第八届董事会第十二次会议决议公告 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。 西部金属材料股份有限公司（以下简称"公司"）第八届董事会第十二次会议 的会议通知于 2024 年 8 月 19 日以电子邮件等形式送达公司全体董事，会议于 2024 年 8 月 29 日上午 9:30 在公司会议中心会议室-1 召开，应参加董事 9 人， 现场出席董事 8 人，独立董事杨冠军书面委托独立董事董南雁代为出席会议并行 使表决权。会议由杨延安董事长主持，公司部分监事及高级管理人员列席了会议， 会议的召开符合《公司法》和《公司章程》的规定。经与会董事充分讨论及表决， 通过了以下议案： 一、审议通过《2024年半年度报告及摘要》。 公司 2024 年中期现金分红方案符合《上市公司监管指引第 3 号——上市公 司现金分红》《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》《深圳证券交易所股票上市规则》《公司章程》《公司未来三年股东 回报规划（2024 年— ...

Financial Performance - The company's operating revenue for the first half of 2024 was ¥1,544,381,726.67, a decrease of 1.82% compared to ¥1,572,981,905.82 in the same period last year[10]. - The net profit attributable to shareholders of the listed company was ¥95,609,844.25, down 7.56% from ¥103,432,887.50 in the previous year[10]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥84,672,758.15, a decrease of 7.99% compared to ¥92,021,562.62 in the same period last year[10]. - The basic earnings per share were ¥0.1958, down 7.60% from ¥0.2119 in the same period last year[10]. - The company achieved operating revenue of 1.544 billion yuan and a net profit attributable to shareholders of 95.6098 million yuan in the first half of 2024[13]. - The company reported a net operating cash flow of 145 million yuan during the reporting period[13]. - The company reported a total of ¥40,341,131.91 invested in a marine engineering project, with a cumulative actual investment of ¥58,825,791.91[31]. - The total comprehensive income for the first half of 2024 is CNY 130,173,150.02, compared to CNY 148,712,715.39 in the previous year, reflecting a decline of approximately 13.1%[94]. Cash Flow and Investments - The net cash flow from operating activities was ¥145,128,302.50, a significant increase of 246.12% compared to a negative cash flow of ¥99,319,725.15 in the previous year[10]. - The company achieved a total cash inflow from operating activities of CNY 1,034,478,665.40, compared to CNY 752,367,288.30 in the first half of 2023, marking an increase of approximately 37.5%[98]. - The total cash outflow from investment activities was 630,066,959.75 RMB in the first half of 2024, compared to 101,154,853.63 RMB in the same period of 2023[101]. - The company received 490,000,000.00 RMB from investment recoveries in the first half of 2024, a substantial increase from 37,000,000.00 RMB in the previous year[100]. Research and Development - The company invested 71.4 million yuan in R&D and received 33.05 million yuan in government funding support during the reporting period[15]. - The company has undertaken over 500 national, provincial, and municipal high-tech innovation and industrialization projects, with 493 patents granted[20]. - Research and development expenses for the first half of 2024 were CNY 86,626,161.08, an increase from CNY 79,811,798.71 in the first half of 2023, showing a commitment to innovation[93]. - The company is focusing on digital transformation by optimizing ERP and MES systems to enhance data collection and analysis capabilities[19]. Operational Risks and Market Conditions - The company faces various operational risks, which are detailed in the management discussion and analysis section of the report[1]. - The company is actively managing operational risks and diversifying its business strategies to mitigate reliance on single markets[17]. - The company is facing risks related to macroeconomic changes, market competition, innovation capability, and raw material price fluctuations[40][41][42]. Environmental and Social Responsibility - The company has implemented measures to comply with environmental protection laws and has not faced penalties during the reporting period[49]. - In the first half of 2024, West Titanium invested approximately 7.5 million yuan in environmental protection, including 1.5 million yuan for upgrading environmental facilities[52]. - The company supported the development of the specialty tea industry in Songhe Village, Ziyang County, Shaanxi Province, as part of its social responsibility initiatives[56]. Shareholder Information and Dividends - The company plans to distribute a cash dividend of ¥1 per 10 shares (including tax) based on 488,214,274 shares[1]. - The company plans to distribute cash dividends of ¥1 per 10 shares, totaling ¥48,821,427.40, which represents 100% of the distributable profit[46][47]. - The total number of shareholders at the end of the reporting period was 31,193[76]. Assets and Liabilities - The total assets at the end of the reporting period were ¥6,708,756,410.29, an increase of 2.21% from ¥6,563,615,851.62 at the end of the previous year[10]. - Cash and cash equivalents decreased to ¥625,972,448.44, accounting for 9.33% of total assets, down from 11.00% last year, a decrease of 1.67%[26]. - Accounts receivable increased to ¥1,354,152,271.85, representing 20.18% of total assets, up from 17.17% last year, an increase of 3.01%[26]. - Total liabilities increased to CNY 3,260,093,840.83 from CNY 3,114,010,865.57, reflecting a growth of approximately 4.7%[88]. Corporate Governance and Compliance - The company held two temporary shareholder meetings and one annual meeting, with investor participation rates of 38.11% and 35.23%[44]. - The company has not experienced any significant changes in project feasibility as of June 30, 2024[35]. - The company has not reported any changes in the implementation of fundraising investment projects during the reporting period[36]. Accounting Policies and Financial Management - The company adheres to the accounting standards and has established specific accounting policies and estimates based on its operational characteristics[118]. - The company recognizes revenue when control of the goods or services is transferred to the customer, either at a point in time or over time[171]. - The company measures expected credit losses for receivables based on historical experience and management's assessment, with specific policies for bank and commercial acceptance bills[141].

证券代码：002149 证券简称：西部材料 公告编号：2024-033 西部金属材料股份有限公司 第八届监事会第十二次会议决议公告 本公司及监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。 西部金属材料股份有限公司（以下简称"公司"）第八届监事会第十二次会议 的会议通知于 2024 年 8 月 19 日以电子邮件等形式送达公司全体监事，会议于 2024 年 8 月 29 日上午 11：00 在公司会议中心会议室-1 召开，应参加监事 4 人， 现场出席监事 3 人，监事左庆春书面委托监事曹江海代为出席会议并行使表决权。 会议由监事会主席牛晓虎先生主持。会议的召开符合《公司法》和《公司章程》 规定。经与会监事充分讨论及表决，通过了以下议案： 表决结果：4 票同意，0 票反对，0 票弃权。 二、审议通过《2024 年中期现金分红方案》。 经审核，监事会认为公司 2024 年中期现金分红方案符合相关法律、行政法 规和准则以及《公司章程》等相关规定，不存在损害公司和股东利益的情况。监 事会同意该方案。 表决结果：4 票同意，0 票反对，0 票弃权。 该议案须提交 2024 年第 ...

证券代码：002149 证券简称：西部材料 公告编号：2024-036 西部金属材料股份有限公司 2024 年半年度募集资金存放与使用情况的专项报告 本公司及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。 根据《上市公司监管指引第 2 号—上市公司募集资金管理和使用监管要求》 （2022 年修订）和《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》等有关规定，现将西部金属材料股份有限公司（以下简称"公司"） 2024 年半年度募集资金存放与实际使用情况说明如下： 一、募集资金基本情况 经中国证券监督管理委员会《关于核准西部金属材料股份有限公司非公开发 行股票的批复》（证监许可[2020]3339 号文）核准，公司于 2020 年 12 月 31 日 非公开发行 A 股 62,800,000 股，发行价格 12.50 元/股，各股东实际缴纳出资总额 为人民币柒亿捌仟伍佰万元整（78,500.00 万元），平安证券股份有限公司承销及 保荐费共计人民币 1,660.00 万元，2020 年 11 月 13 日预付承销及保荐费人民币 80.00 万元， ...

| 非经营 | | 占用方与上 | 上市公司 | 2024 年期初 | 2024 年半年 度占用累计 | 2024 半年 | 2024年半年 | 2024 年半年 | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 性资金 | 资金占用方 | 市公司的关 | 核算的会 | 占用资金余 | 发生金额 | 度占用资 | 度偿还累计 | 期末占用资 | 占用形成 | 占用性质 | | | 名称 | | | | | 金的利息 | | | 原因 | | | 占用 | | 联关系 | 计科目 | 额 | （不含利 | （如有） | 发生金额 | 金余额 | | | | | | | | | 息） | | | | | | | 控股股 | 公司控股股东 | 实际控制人 | | | | | | | | | | 东、实际 | 西北有色金属 | 直接控他成 | | | | | | | 商品、 | | | 控制人 | | 员单位制的 | 应收账款 | 10,322.20 | 8,871.91 | | 6,739.24 | 12,454. ...

证券代码：002149 证券简称：西部材料 公告编号：2024-037 西部金属材料股份有限公司 本公司及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、召开会议的基本情况 1．股东大会届次：本次召开的股东大会为西部金属材料股份有限公司（以 下简称"公司"）2024年第四次临时股东大会。 2．股东大会的召集人：本次股东大会由公司董事会召集，《关于提议召开 2024年第四次临时股东大会的议案》已于2024年8月29日经公司第八届董事会第 十二次会议审议通过。 3．会议召开的合法、合规性：本次股东大会会议召开符合有关法律、行政 法规、部门规章、规范性文件和《公司章程》的规定。 4．会议召开的日期、时间： 现场会议召开时间：2024年9月19日（星期四 ）下午14:30。 网络投票时间：2024年9月19日。 关于召开 2024 年第四次临时股东大会的通知 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2024年9月 19日9:15～9:25、9:30～11:30、13:00～15:00；通过深圳证券交易所互联网投票 的具体时间为2024年9月19日9:15～ ...

证券代码：002149 证券简称：西部材料 公告编号：2024-035 西部金属材料股份有限公司 2024 年中期现金分红方案 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、中期现金分红方案基本情况 根据公司 2024 年半年度财务报告（未经审计），公司 2024 年半年度合并报 表中归属于母公司所有者的净利润 9,560.98 万元，截至 2024 年 6 月 30 日可供分 配利润为 40,009.13 万元；2024 年半年度母公司报表中净利润 16,314.68 万元， 截至 2024 年 6 月 30 日母公司可供分配利润为 18,366.25 万元。 公司 2024 年中期现金分红方案为：拟以公司总股本 488,214,274 股为基数， 向全体股东每 10 股派发现金股利 1 元人民币（含税），合计派发现金股利 48,8 21,427.4 元（含税）。本次分配不实施资本公积转增股本、不分红股。 在 2024 年中期现金分红方案披露日至实施权益分派股权登记日期间，若公 司总股本发生变动，公司将以未来实施现金分红方案时股权登记日的总股本为基 数 ...

Investment Rating - The report initiates coverage with a "Buy" rating for the company, indicating a positive outlook for its future performance [53][68]. Core Insights - The company is positioned as a leader in the rare metal new materials industry, leveraging its strong research foundation from the Northwest Nonferrous Metal Research Institute. It has a diversified product portfolio that includes titanium and titanium alloy processing materials, layered metal composite materials, precious metal materials, metal fibers and products, tungsten and molybdenum materials, rare metal equipment, and high-end consumer products [64][68]. - The company achieved a revenue of 3.226 billion yuan in 2023, reflecting a year-on-year growth of 9.69%, with a net profit of 196 million yuan, up 6.11% year-on-year [64][68]. Summary by Sections 1. Company Overview - The company has a multi-faceted business model with eight major business segments, primarily serving industries such as aerospace, nuclear power, environmental protection, marine engineering, petrochemical, metallurgy, and electricity [64][68]. - The company has seen steady revenue growth from 2.006 billion yuan in 2019 to 3.226 billion yuan in 2023, with a compound annual growth rate (CAGR) of 12.61% [44][68]. 2. Titanium Alloy Sector - The company focuses on the titanium alloy sector, with a significant portion of its revenue derived from titanium products, which accounted for approximately 57.14% of total revenue in 2023 [38][68]. - The domestic production of sponge titanium is expanding, with China being the world's largest producer, contributing to a stable pricing environment that alleviates cost pressures for titanium alloy products [24][26][68]. 3. Subsidiary Contributions - The company's subsidiaries, such as Tianli Composite and Xino Precious Metals, play crucial roles in their respective markets, with Tianli focusing on layered metal composites and Xino being a key supplier of silver alloy control rods for nuclear reactors [65][68]. - The layered composite materials segment is expected to maintain stable growth due to increasing demand in the chemical and nuclear power sectors [56][68]. 4. Financial Projections - The company forecasts net profits of 250 million yuan, 330 million yuan, and 425 million yuan for the years 2024 to 2026, with respective growth rates of 27.2%, 32.2%, and 28.8% [53][54][68]. - The projected revenue for 2024 is 3.877 billion yuan, with a year-on-year growth rate of 20.2% [54][68].

近日，西部钛业已完成增资扩股的工商注册手续，并领取了西安市经开区市 场监督管理局核发的营业执照，具体内容如下： 8. 经营范围：一般项目：有色金属压延加工；有色金属合金制造；有色金 属铸造；高性能有色金属及合金材料销售；金属废料和碎屑加工处理；技术服务、 1. 公司名称：西部钛业有限责任公司 2. 公司类型：其他有限责任公司 3. 法定代表人：康彦 4. 注册资本：40,000万元 5. 统一社会信用代码；916101327578243510 6. 成立日期：2004年6月28日 7. 企业地址：西安经济技术开发区泾渭工业园西金路西段15号 证券代码：002149 证券简称：西部材料 公告编号：2024-031 西部金属材料股份有限公司 关于控股子公司增资扩股进展的公告 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。 一、对外投资基本情况 西部金属材料股份有限公司（以下简称："西部材料""公司"）于2024 年6月28日召开的第八届董事会第十次会议审议通过了《关于控股子公司西部钛 业有限责任公司增资扩股的议案》，相关内容详见公司于2024年7月2日于《证券 时 ...