Group 1: Company Products and Industry Situation - The company's products are divided into outdoor and indoor types, with outdoor products mainly used in outdoor metal surfaces, including appliances, building materials, automotive, agricultural machinery, engineering machinery, and highway guardrails, featuring corrosion resistance and aging resistance [1][2] - Indoor products are primarily applied to indoor metal surfaces, such as appliances, and are known for their good leveling and superior decorative performance [2] - The industry is currently affected by fluctuating prices of petrochemical products, leading to intensified market competition, but overall remains stable with slight growth [2] Group 2: Acquisition and Business Segmentation - The company has acquired Xi'an Jiaye Company, with its aerospace, aviation, and rail transportation businesses each accounting for approximately 30% of the main business [2] - The acquisition was completed in December 2015, and the financial statements for 2015 will reflect Jiaye Company's profit contribution for less than one month [2][3] Group 3: Future Development Strategy - The company aims to enter the high-end equipment military manufacturing sector through the acquisition of Xi'an Jiaye Company [2] - The future strategy focuses on the dual-engine development model in the fields of chemical new materials and high-end equipment manufacturing, enhancing profitability to reward shareholders [3]

编号：2016-014 证券代码：002361 证券简称：神剑股份 安徽神剑新材料股份有限公司 投资者关系活动记录表 | --- | --- | |-----------------------|----------------------------------------------------------| | | | | 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（请文字说明其他活动内容） | | 参与单位名称及 | 易方达基金管理有限公司 刘健维 | | 人员姓名 | | | 时间 | 2016 年 7 月 26 日 | | 地点 | 嘉业公司二楼会议室 | | 上市公司接待人 员姓名 | 嘉业航空财务部长 韩宇峰 | | 投资者关系活动 | 本次投资者关系活动，主要以现场参观公司生产车间及会议室座 | | 主要内容介绍 | 谈方式进行，主要内容如下： | | | 一、公司的产品及行业情况？ | | | 嘉业公司主要为航空、航天及轨道交通（高铁、地铁）行业 | | - ...

Group 1: Company Overview - The company, Anhui Shenjian New Materials Co., Ltd., specializes in chemical new materials, particularly polyester resins, which are categorized into outdoor and mixed types [2][3] - Outdoor polyester resins are primarily used in outdoor metal equipment, including home appliances, construction materials, automobiles, and agricultural machinery, while mixed types are used for indoor metal surfaces [3] Group 2: Financial Performance - The gross profit margin of the company's products has gradually improved due to better customer integration and enhanced sales management efficiency, alongside a decrease in raw material prices [3] - In the first half of 2016, the subsidiary Xi'an Jiaye Company achieved a revenue of 73.4155 million yuan and a net profit of 14.5198 million yuan, showing significant growth compared to the same period last year [4] Group 3: Market Outlook - The domestic polyester resin market is expected to maintain slow growth with stable prices, although rising raw material costs may slightly reduce profit margins [3][4] - The company operates in strategic sectors such as aerospace and rail transportation, which are supported by national policies, thus mitigating the impact of the uncertain economic environment [4]

Group 1: Company Overview - The company, Anhui Shenjian New Materials Co., Ltd., specializes in chemical new materials, primarily polyester resins, which are categorized into outdoor and mixed types [2][3]. - Outdoor type products are used for outdoor metal surfaces, including appliances, construction materials, vehicles, and machinery, offering excellent corrosion resistance and aging resistance [3]. - Mixed type products are designed for indoor metal surfaces, such as appliances and electronics, known for their good leveling and decorative performance [3]. Group 2: Financial Performance - In the first half of 2016, the company achieved operating revenue of 61.70 million yuan, an increase of 10.39% compared to the same period last year [3]. - The net profit attributable to shareholders was 7.67 million yuan, reflecting a growth of 47.63% year-on-year [3]. - The improvement in gross profit margin is attributed to better customer structure integration and enhanced sales management efficiency, alongside a decrease in raw material prices [3]. Group 3: Subsidiary Performance - The wholly-owned subsidiary, Xi'an Jiaye Company, focuses on providing tooling, structural components, and assembly products for the aerospace and rail transportation industries [4]. - In the first half of 2016, Jiaye Company reported operating revenue of 73.42 million yuan and a net profit of 1.45 million yuan, with stable business operations [4]. - The company operates in a strategically supported industry, which mitigates the impact of the uncertain economic environment and intense competition [4]. Group 4: Raw Materials and Industry Outlook - The main raw materials for polyester resin products are PTA and neopentyl glycol, with PTA sourced from large petrochemical companies [4]. - The neopentyl glycol project at the subsidiary has not yet entered normal production, and this material is primarily imported [4]. - The chemical new materials industry is expected to maintain steady growth despite ongoing competitive pressures and low pricing in the market [5].

证券代码：002361 证券简称：神剑股份 安徽神剑新材料股份有限公司 投资者关系活动记录表 编号：2016-002 | --- | --- | --- | --- | |----------------|--------------------------|---------------------------------|------------------------------------------------------------| | | | | | | | | | | | | ■ | 特定对象调研 □分析师会议 | | | | □ | 媒体采访 □业绩说明会 | | | 投资者关系 | □新闻发布会 □路演活动 | | | | 活动类别 | ■ 现场参观 | | | | | □ | 其他 （请文字说明其他活动内容） | | | 参与单位名称 | | | | | 及人员姓名 | 华泰证券 陈旸 | | | | 时间 | | 2016 年 3 月 11 日 | | | 地点 | | 公司办公室 | | | 上市公司 | | | | | 接待人员姓名 | 证代 武振生 | | | | 投资者关系活 ...

Group 1: Company Overview - Anhui Shenjian New Materials Co., Ltd. specializes in chemical new materials, particularly polyester resins, which are categorized into outdoor and mixed types [2][3] - Outdoor polyester resins are used in outdoor metal equipment, including home appliances, construction materials, automobiles, agricultural machinery, engineering machinery, and highway guardrails, offering excellent corrosion resistance and aging resistance [3] - Mixed polyester resins are applied to indoor metal surfaces, such as home appliances and electronic products, known for their good leveling and superior decorative performance [3] Group 2: Financial Performance - In 2015, the company sold 110,000 tons of polyester resins, achieving a revenue of 1.18 billion yuan and a net profit of 117 million yuan, representing a growth of 34.85% compared to the previous year [3] - The company aims for a revenue growth of 10-15% in 2016, despite a challenging domestic economic environment and intense competition [3] Group 3: Subsidiary Performance - The subsidiary, Xi'an Jiaye Company, provides tooling, structural components, and assembly products for the aerospace and rail transportation industries, holding military-level confidentiality qualifications [4] - Performance commitments for Xi'an Jiaye Company are projected at 31.5 million yuan, 41 million yuan, and 51 million yuan for the years 2015, 2016, and 2017, respectively [4] Group 4: Market Outlook - The domestic polyester resin market is expected to maintain slow growth with stable prices, while the company's gross profit margin is anticipated to improve due to better customer integration and increased sales management efficiency [3] - The chemical new materials sector is projected to continue its steady growth in 2016, despite ongoing competitive pressures and low prices in the chemical materials market [4]

Group 1: Company Overview - Anhui Shenjian New Materials Co., Ltd. specializes in chemical new materials, primarily polyester resins, which are categorized into outdoor and mixed types [2][4] - Outdoor type is used in outdoor metal equipment, including home appliances, construction materials, vehicles, agricultural machinery, and highway guardrails, offering superior corrosion resistance and aging resistance [4] - Mixed type is applied to indoor metal surfaces, such as home appliances and electronic products, known for good leveling and decorative performance [4] Group 2: Financial Performance - In 2015, the company achieved operating revenue of CNY 117,868.84 million, a decrease of 5.67% compared to the previous year [4] - The net profit attributable to shareholders was CNY 11,683.25 million, an increase of 34.85% year-on-year [4] - The net profit after deducting non-recurring gains and losses was CNY 10,774.00 million, up by 31.56% from the previous year [4] - As of the end of 2015, total assets amounted to CNY 234,793.49 million, with net assets attributable to shareholders at CNY 172,329.00 million, reflecting a year-on-year growth of 45.88% [4] Group 3: Business Strategy and Future Outlook - The company plans to distribute cash dividends of CNY 1 per 10 shares (tax included) and to increase capital by converting 10 shares for every 10 shares held [5] - The company’s subsidiary, Xi'an Jiaye, has a stable operation, with its business focus on aviation, aerospace, and rail transit, each accounting for approximately 30% of its main operations [5] - The chemical new materials sector is expected to maintain steady growth in 2016, despite ongoing severe competition and low prices in the chemical materials market [5]

Group 1: Company Overview - The company, Anhui Shenjian New Materials Co., Ltd., specializes in chemical new materials, particularly polyester resins, which are divided into outdoor and mixed types [2][3]. - In 2015, the company's polyester resin sales reached 111,000 tons, capturing approximately 25% of the domestic market share, making it a leader in the industry [3]. Group 2: Product Applications - Outdoor-type polyester resins are primarily used in outdoor metal equipment, including home appliances, building materials, automobiles, agricultural machinery, engineering machinery, and highway guardrails, known for their corrosion resistance and aging resistance [3]. - Mixed-type polyester resins are mainly applied to indoor metal surfaces, such as home appliances and electronic products, offering excellent leveling and decorative performance [3]. Group 3: Strategic Development - The company acquired Xi'an Jiaye Company to enhance its capabilities in the aerospace and military equipment manufacturing sectors, recognizing the potential of Jiaye's existing management team and corporate culture [3]. - Future plans involve developing a dual-driven model combining the existing chemical new materials industry with aerospace and military equipment manufacturing, aiming to solidify the industrial chain and establish a sustainable dual-business development model [3]. Group 4: Industry Outlook - The chemical new materials industry faces intense competition, but the company has maintained steady growth in recent years, with expectations for further market consolidation during the 13th Five-Year Plan period [4]. - Despite fluctuations in the economic environment and raw material prices, the company anticipates a steady growth trend in gross profit margin for the year [3].

Group 1: Company Overview and Products - The company specializes in chemical new materials, particularly polyester resins, which are categorized into outdoor and mixed types. Outdoor types are used in metal equipment applications, while mixed types are for indoor metal surfaces [2][3] - Major clients include well-known domestic and international powder coating companies such as Akzo Nobel, Aiside, PPG, Haier, and Gree [3] Group 2: Acquisition and Future Plans - The acquisition of Xi'an Jiaye Company was driven by the potential growth in the aerospace, aviation, and military equipment manufacturing sectors, as well as recognition of Jiaye's management team and corporate culture [3] - The company aims to establish a dual business model focusing on chemical new materials and aerospace, further solidifying its industry chain for sustainable and stable development [3] Group 3: Financial Performance - In 2015, Jiaye Company achieved a revenue of CNY 158.55 million and a net profit of CNY 34.308 million, showing significant growth compared to the previous year [3] - For the first half of 2016, Jiaye Company reported a revenue of CNY 73.4155 million and a net profit of CNY 14.5198 million, with longer billing cycles due to its military enterprise status [3] - Despite a challenging economic environment and intense competition, the company remains confident in meeting its performance commitments based on current production and orders [4]

Group 1: Company Overview and Product Information - The company's chemical new materials products, specifically polyester resins, are divided into outdoor and mixed types, with outdoor types mainly used in outdoor metal equipment, including home appliances, construction materials, automobiles, agricultural machinery, engineering machinery, and highway guardrails, showcasing superior corrosion resistance and aging resistance [2][3]. - The mixed type is primarily applied to indoor metal surfaces, including home appliances and electronic products, offering excellent leveling and decorative performance. Major clients include AkzoNobel, Ashland, PPG, Jotun Paints, and well-known domestic brands like Haier and Gree [3]. Group 2: Financial Performance - In Q1 2017, the company achieved operating revenue of 340.69 million yuan, a year-on-year increase of 34.30%, while net profit was 22.93 million yuan, a year-on-year decrease of 20.32%. The decline in net profit is attributed to the continuous rise in chemical raw material prices, which has a lag in passing on to product sales prices, resulting in a decrease in product gross margin [3][4]. - The 2016 annual report indicated that Jiaye Aviation met its performance commitments, achieving operating revenue of 212 million yuan and net profit of 43.02 million yuan, showing stable growth compared to the previous year [4]. Group 3: Future Development and Projects - The new glycol project in Shandong has commenced production and is operating normally, while the Ma'anshan company's new glycol project is in the preparatory stage, expected to commence production by the end of 2017 [4][5]. - The company plans to increase R&D investment in high-end equipment manufacturing, particularly in new technologies and materials, to enhance product technological content and capture market share, focusing on dual main business development in chemical new materials and aerospace, aviation, and military equipment manufacturing [4][5].