海亮股份：控股股东海亮集团计划增持公司股份 财联社10月22日电，海亮股份公告，控股股东海亮集 团基于对公司未来持续稳定发展的坚定信心，计划自本公告披露之日起6个月内通过深圳证券交易所以 集中竞价交易方式增持公司股份，增持总金额不低于人民币2亿元，不超过人民币3亿元。 本次增持计划不设价格区间，将根据公司股票价格波动情况及资本市场整体趋势实施。 增持资金为海亮集团自有资金与专项贷款相结合的方式，中国银行杭州分行已向海亮集团出具《贷款承 诺函》，同意为其增持提供专项贷款支持，贷款金额最高不超过人民币2.97亿元。 查看公告原文 ...

Investment Rating - The report gives a "Buy" rating for the company, marking its first coverage [4][13]. Core Views - The company is a global leader in copper processing, with ongoing overseas expansion and production line upgrades driving capacity growth [5][10]. - In H1 2024, the company's copper product sales exceeded 500,000 tons, with a year-on-year growth of 14.04%, and the copper foil segment significantly contributed to net profit [4][5]. - The company plans to invest in new production lines in Morocco, enhancing its global supply chain and market presence [7][10]. Summary by Sections Market Performance - As of October 9, 2024, the closing price is 8.79 CNY, with a market capitalization of 176.65 billion CNY [2]. Financial Performance - In H1 2024, the company achieved copper sales of 506,900 tons, with a net profit contribution from traditional businesses of 7.64 billion CNY, a 3.7% increase year-on-year [4]. - The gross margins for copper pipe, rod, and strip products were 5.78%, 5.56%, and 1.88%, respectively, showing slight declines in some segments [4]. Production Capacity Expansion - The company is upgrading its copper pipe production lines to the fifth generation, with an expected capacity increase from 79.8 million tons to 131 million tons, significantly enhancing operational efficiency and reducing costs [10][12]. - The total investment for the upgrades is approximately 76.4 million CNY for new projects and 69.5 million CNY for retrofitting existing lines [10][12]. Profit Forecast and Valuation - The forecasted net profits for 2024, 2025, and 2026 are 13.06 billion CNY, 15.80 billion CNY, and 17.34 billion CNY, respectively, with corresponding PE ratios of 13, 11, and 10 [13][14]. - The company is compared to peers with average PE ratios of 27, 21, and 17 for the same years, indicating a favorable valuation [13][14].

浙江海亮股份有限公司 关于 2024 年第三季度可转换公司债券转股情况的公告 | 证券代码：002203 | 证券简称：海亮股份 | 公告编号：2024-061 | | --- | --- | --- | | 债券代码：128081 | 债券简称：海亮转债 | | 本公司及董事会全体成员保证信息披露内容的真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 根据《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15号——可转换公司债券》的有关规定，浙江海亮股份有限公司（以下简 称"公司"）现将2024年第三季度可转换公司债券转股及公司股本变动的情况公 告如下： 一、可转换公司债券发行上市基本概况 （一）可转债发行情况 经中国证券监督管理委员会"证监许可[2019]1943 号"文核准浙江海亮股 份有限公司于 2019 年 11 月 21 日公开发行了 3,150 万张可转换公司债券，每张 面值 100 元，发行总额 31.50 亿元，期限六年。 2021年6月23日，公司实施了2020年年度权益分派方案。根据相关规定，"海 亮转债"的转股价格于2021年6月23日起由9.76元/股调整 ...

| 证券代码：002203 | 证券简称：海亮股份 | 公告编号：2024-060 | | --- | --- | --- | | 债券代码：128081 | 债券简称：海亮转债 | | 浙江海亮股份有限公司 关于公司股份回购完成暨股份变动的公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，并对公告中的 虚假记载、误导性陈述或者重大遗漏承担责任。 重要内容提示： 浙江海亮股份有限公司（以下简称"公司"）于 2024 年 6 月 18 日召开的第 八届董事会第十四次会议和 2024 年 7 月 5 日召开的 2024 年第一次临时股东大 会分别审议通过了《关于回购公司股份方案的议案》，并于 2024 年 7 月 6 日和 2024 年 7 月 10 日，分别披露了《回购报告书》（公告编号：2024-041）和《关于 实施权益分派调整股份回购价格上限的公告》（公告编号：2024-044），同意以集 中竞价交易方式回购公司股份，回购资金总额不低于人民币 15,000 万元（含）， 且不超过人民币 25,000 万元（含），回购股份价格上限调整为 12.90 元/股（含）， 回购的股份将用于股权激励或员工持 ...

| 证券代码：002203 | 证券简称：海亮股份 公告编号：2024-059 | | --- | --- | | 债券代码：128081 | 债券简称：海亮转债 | 浙江海亮股份有限公司 浙江海亮股份股份有限公司（以下简称"公司"）于 2023 年 2 月 27 日召 开第八届董事会第五次会议审议通过了《关于在印尼投资建设年产 10 万吨高性 能电解铜箔项目的议案》，公司将与全资子公司香港海亮控股有限公司共同出 资在印度尼西亚设立控股子公司—印尼海亮新材料有限公司，负责年产 10 万吨 高性能电解铜箔项目的建设运营。该事项已经公司 2023 年第二次临时股东大会 审议通过。具体内容详见公司于 2023 年 2 月 28 日、2023 年 3 月 18 日在《证 券时报》《上海证券报》《证券日报》《中国证券报》及巨潮资讯网 （http://www.cninfo.com.cn）上披露的相关公告。 二、对外投资进展 近日，公司收到国家发展和改革委员会颁发的《境外投资项目备案通知 书》（发改办外资备【2024】271 号）、国家商务部颁发的《企业境外投资证 书》（境外投资证第 N3300202401219 号）。公 ...

证券代码：002203 证券简称：海亮股份 浙江海亮股份有限公司投资者关系活动记录表 | --- | --- | --- | --- | --- | |-----------------------|------------------------------------------------|--------------------------------------------------|--------|------------| | | | | 编号： | 2024005 | | 投资者关系活动 | □特定对象调研 □分析师会议 | | | | | 类别 | □媒体采访 □业绩说明会 | | | | | | □新闻发布会 | □路演活动 | | | | | □现场参观 | | | | | | √其他 （机构交流会） | | | | | 参与单位名称及 | 具体参会名单详见附件 | | | | | 人员姓名 | | | | | | 时间 2024 | 年 9 月 20 日星期五 | | | | | | 地点 杭州市滨江区协同路 368 | 号海亮科研大厦会议室 | | | | 上市公司接待人 员姓名 ...

| 证券代码：002203 | 证券简称：海亮股份 | 公告编号：2024-058 | | --- | --- | --- | | 债券代码：128081 | 债券简称：海亮转债 | | 浙江海亮股份有限公司 关于董事长、总裁、董事增持公司股份计划实施期限过半的进 展公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，并对公告中的 虚假记载、误导性陈述或者重大遗漏承担责任。 本公司及董事会全体成员保证公告内容与信息披露义务人提供的信息一致。 特别提示： 1、浙江海亮股份有限公司（以下简称"公司"）于 2024 年 6 月 13 日披露了 《关于董事长、总裁、董事增持公司股份计划的公告》（公告编号：2024-029）， 公司董事长、总裁、董事（以下合并简称"增持主体"）计划自 2024 年 6 月 13 日起 6 个月内通过包括但不限于集中竞价、大宗交易等深圳证券交易所认可的合 法方式增持公司股份，本次增持不设价格区间，将根据公司股票价格的二级市场 波动情况，择机实施增持计划。 2、增持股份的规模：董事长曹建国先生增持股份的金额不低于人民币 2,500 万元，不超过人民币 3,000 万元（含）；董事、 ...

| 证券代码：002203 | 证券简称：海亮股份 | 公告编号：2024-057 | | --- | --- | --- | | 债券代码：128081 | 债券简称：海亮转债 | | 浙江海亮股份有限公司 三、累计对外担保情况 一、担保情况概述 2024 年 4 月 28 日，浙江海亮股份有限公司（以下简称"公司"）第八届董 事会召开第十一次会议审议通过了《关于为控股子公司融资提供一揽子担保的议 案》，本议案已经获得 2023 年度股东大会的批准。同意公司为上海海亮铜业有限 公司、香港海亮铜贸易有限公司（以下简称"香港海亮"）、香港海亮控股有限公 司、海亮（安徽）铜业有限公司、广东海亮铜业有限公司、海亮奥托铜管（广东） 有限公司、成都贝德铜业有限公司、重庆海亮铜业有限公司、重庆海亮金属材料 有限公司、浙江科宇金属材料有限公司、海亮（新加坡）有限公司、HAILIANG （VIETNAM）COPPER MANUFACTURINGCO.,LTD、山东海亮奥博特铜业有限公司、甘 肃海亮新能源材料有限公司、HME Copper Germany Gmbh、Hailiang Netherlands Holding B. ...

Investment Rating - The report maintains a "Recommend" rating for the company with a target price of 8.4 yuan [1][3] Core Views - The company's copper alloy production and sales volume showed steady growth, with a slight improvement in performance excluding copper foil products [1] - Copper foil products dragged down the company's performance, but excluding the impact of copper foil, the company's copper pipe, copper rod, and copper bar products contributed 76,435 million yuan to net profit, a year-on-year increase of 3.7% [1] - The company's overseas expansion is deepening, with copper alloy production and sales volume steadily increasing, and plans to invest in a new industrial park in Morocco [1] Financial Performance - In the first half of 2024, the company achieved revenue of 43.959 billion yuan, a year-on-year increase of 0.6%, and net profit attributable to shareholders of 618 million yuan, a year-on-year decrease of 13.76% [1] - The company's operating cash flow was -4.209 billion yuan, a year-on-year decrease of 67.67%, mainly due to increased inventory and accounts receivable [1] - The company's period expense ratio increased slightly to 2.4%, with financial expenses rising by 287% year-on-year due to increased exchange losses [1] Future Projections - The company is expected to achieve net profit attributable to shareholders of 1.295 billion yuan, 1.544 billion yuan, and 1.719 billion yuan in 2024, 2025, and 2026, respectively, with year-on-year growth rates of 15.8%, 19.2%, and 11.4% [1] - The company's revenue is projected to grow by 13.8%, 10.5%, and 8.2% in 2024, 2025, and 2026, respectively [2] Market Performance - The company's stock price has shown a downward trend over the past 12 months, with a significant decline compared to the CSI 300 index [5]

Group 1: Financial Performance - In the first half of 2024, the company achieved revenue of 24.834 billion CNY, with net profit contributions from copper products amounting to 764.35 million CNY, reflecting a year-on-year growth of 3.7% [1] - The sales volume of copper and copper alloy products reached 506,900 tons, representing a year-on-year increase of 14.04% [3] - The gross profit margin for domestic sales was 4.18%, while for overseas sales it was 6.56% [2] Group 2: Supply Chain and Risk Management - The company operates 23 production bases globally and has established long-term stable business relationships with nearly 10,000 customers across 132 countries or regions [2] - A robust risk management system has been developed to mitigate the impacts of raw material price fluctuations and exchange rate volatility, ensuring stable performance [2] - The company adheres to a "zero exposure policy" for foreign exchange risks, matching foreign currency assets and liabilities to prevent speculative positions [2] Group 3: Strategic Initiatives - The establishment of a factory in Morocco aims to enhance local market service and support, leveraging local workforce advantages to capture market share [3] - The company plans to expand its market presence in Europe, the Middle East, and Africa for non-ferrous copper and copper alloy materials, as well as lithium battery copper foil [3] Group 4: Cash Flow and Operational Insights - The increase in cash flow outflow is attributed to a 450.51% rise in copper foil sales volume compared to the previous year, leading to higher inventory and accounts receivable [3] - The company maintains a positive outlook on order fulfillment, particularly for copper foil products, indicating a healthy order situation [3] Group 5: Investor Relations - The company decided not to adjust the conversion price of its convertible bonds, reflecting confidence in its long-term stable development and intrinsic value [4] - Continuous efforts are being made to strengthen operational management and ensure timely repayment of convertible bonds [4]