证券代码：002371 证券简称：北方华创 公告编号：2024-056 北方华创科技集团股份有限公司 第八届监事会第十次会议决议公告 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、误导性陈述或者重大遗漏。 北方华创科技集团股份有限公司（以下简称"公司"）第八届监事会第十次 会议通知于 2024 年 8 月 16 日以电子邮件方式发出。2024 年 8 月 30 日在公司会 议室以现场和通讯相结合方式召开，应到监事 3 名，实到 3 名。会议由监事会主 席王谨女士主持，会议的召集、召开符合《公司法》和《公司章程》的规定。本 次会议决议如下： 1．审议通过了《关于<北方华创科技集团股份有限公司 2024 年股票期权激 励计划（草案）>及其摘要的议案》 经审核，监事会认为：《北方华创科技集团股份有限公司 2024 年股票期权 激励计划（草案）》及其摘要的内容符合《公司法》《证券法》《上市公司股权 激励管理办法》等相关法律法规和规范性文件的规定，履行了相关法定程序，本 次激励计划的实施将有利于上市公司的持续发展,不存在损害上市公司及全体股 东利益的情形。 本议案已经公司董事会薪酬与考核委员 ...

证 券 研 究 报 告 北方华创（002371）2024 年半年报点评 强推（维持） 公司研究 半导体设备 2024 年 08 月 28 日 公司基本数据 | --- | --- | |----------------------|---------------| | 总股本(万股) | 53,101.97 | | 已上市流通股(万股) | 53,055.84 | | 总市值(亿元) | 1,596.46 | | 流通市值(亿元) | 1,595.07 | | 资产负债率(%) | 53.54 | | 每股净资产(元) | 50.91 | | 12 个月内最高/最低价 | 355.66/216.52 | 业绩保持高增态势，龙头利润加速释放 目标价：404.5 元 当前价：300.64 元 事项： ❖ 2023 年 8 月 27 日，公司发布 2024 年半年度报告： ❖ 1）2024H1：公司实现营业收入 123.35 亿元，同比+46.38%；毛利率 45.50%， 同比+3.13pct；归母/扣非归母净利润 27.81/26.40 亿元，同比+54.54/+64.06%； ❖ 2）2024Q2：公司实现营 ...

Investment Rating - The report maintains a BUY rating for Naura Technology with a target price of RMB405, implying a potential upside of 34.7% from the current price of RMB300.64 [2][3]. Core Insights - Naura Technology reported robust earnings for 1H24, with revenue growing 46.4% YoY to RMB12.3 billion and net profit increasing 54.5% YoY to RMB2.8 billion, aligning with the company's earnings pre-announcement [2]. - The company's gross profit margin (GPM) improved to 45.5% in 1H24, up from 41% in FY23, while net profit margin (NPM) expanded to 22.5% from 17.7% in FY23, indicating strong operational efficiency [2]. - Future growth is expected to be driven by the semiconductor localization trend, product coverage expansion, market share gains, and economies of scale [2]. Financial Performance Summary - 1H24 revenue accounted for 40% of the FY24E forecast, consistent with historical seasonality [2]. - The semiconductor equipment revenue increased by 55.1% YoY, constituting 92% of total revenue in 1H24 [2]. - The report projects total revenue of RMB30.9 billion for FY24E, reflecting a 39.7% YoY growth, and RMB39.0 billion for FY25E, indicating a 26.5% growth [2][3]. Earnings Revision - The report revises up the FY24E net profit forecast by 9% to RMB6.01 billion and maintains revenue projections at RMB30.86 billion for FY24E [6]. - Gross margin estimates for FY24E have been increased by 5.2 percentage points to 45.0% [6]. - The net profit margin is expected to reach 19.5% in FY24E, up from 17.9% in the previous estimates [6]. Valuation Metrics - The target price of RMB405 implies a valuation of 35.77x FY24E P/E, which is justified given Naura's leading position in the domestic semiconductor equipment market [2]. - The report highlights a significant improvement in return on equity (ROE), projected to reach 22.0% in FY24E, up from 17.7% in FY23 [3][9].

2024 年 8 月 28 日 朱吉翔 C0044@capital.com.tw 目标价 360 元 公司基本资讯 | --- | --- | --- | |---------------------|----------|--------------| | 产业别 | | 电子 | | A 股价(2024/8/27) | | 300.64 | | 深证成指(2024/8/27) | | 8103.76 | | 股价 12 个月高/低 | | 359.1/212.9 | | 总发行股数(百万) | | 531.02 | | A 股数(百万) | | 530.56 | | A 市值(亿元) | | 1595.07 | | 主要股东 | | 北京七星华电 | | | | 科技集团有限 | | | | 责任公司 | | | | (33.55%) | | 每股净值(元) | | 50.91 | | 股价/账面净值 | | 5.91 | | | 一个月 | 一年 | | 股价涨跌(%) | | | | 近期评等 | | | | 出刊日期 | 前日收盘 | 评等 | | 2024-04-15 | 290.00 | 买进 ...

Investment Rating - The report maintains a "Recommended" investment rating for the company, indicating an expected stock performance that will exceed the market by 10% to 20% over the next six months [2][12]. Core Insights - The company has demonstrated sustained high growth in performance, with a revenue of 12.335 billion yuan in the first half of 2024, representing a year-on-year increase of 46.38%. The net profit attributable to shareholders reached 2.781 billion yuan, up 54.54% year-on-year [7]. - The company continues to expand its product matrix, maintaining a leading position in high-end electronic process equipment and precision electronic components in China. It has established a comprehensive customer service system with 19 service centers and 10 spare parts warehouses nationwide [7][9]. - The company's gross margin and net margin for the first half of 2024 were 45.50% and 22.54%, respectively, showing slight improvements compared to the previous year [7]. Financial Summary - The company reported a revenue of 22.079 billion yuan in 2023, with projections of 30.690 billion yuan for 2024, 41.432 billion yuan for 2025, and 53.862 billion yuan for 2026, reflecting a compound annual growth rate (CAGR) of 39.0% from 2023 to 2024 [6]. - The net profit for 2023 was 3.899 billion yuan, with forecasts of 5.609 billion yuan for 2024, 7.385 billion yuan for 2025, and 9.439 billion yuan for 2026, indicating a CAGR of 43.8% from 2023 to 2024 [6]. - The company's earnings per share (EPS) are projected to increase from 7.34 yuan in 2023 to 10.56 yuan in 2024, and further to 13.91 yuan in 2025, reaching 17.78 yuan in 2026 [6][9]. Product Development and Market Position - The company has successfully developed several high-end semiconductor equipment with independent intellectual property rights, including high-density plasma chemical vapor deposition (HDPCVD) and dual-frequency coupled CCP etching machines, which have been validated in multiple client production lines [9]. - The company has expanded its product offerings to cover various processes, including copper interconnect film deposition and cleaning equipment, which have become preferred choices for major domestic chip manufacturers [9].

北方华创科技集团股份有限公司 （二）本年度使用金额及年末余额 1．2019 年度非公开发行募集资金项目 2024 年半年度募集资金存放与实际使用情况的专项报告 根据中国证监会发布的《上市公司监管指引第 2 号——上市公司募集资金管理 和使用的监管要求》和深圳证券交易所颁布的《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》及相关公告格式规定，北方华创科技集团 股份有限公司（以下简称"公司"或"本公司"）董事会编制了截至 2024 年 6 月 30 日募集资金年度存放与实际使用情况的专项报告。 一、募集资金基本情况 （一）实际募集资金金额、资金到账时间 根据中国证券监督管理委员会《关于核准北方华创科技集团股份有限公司非公 开发行股票的批复》（证监许可[2019]1949 号）核准，非公开发行人民币普通股（A 股）32,642,401 股，每股发行价为人民币 61.27 元，募集资金总额为 人民币 1,999,999,909.27 元，扣除各项发行费用 18,676,795.76 元，实际募集资金净额为人民 币 1,981,323,113.51 元。该次募集资金到账时间为 2019 年 1 ...

Financial Performance - The company's operating revenue for the first half of 2024 reached ¥12,334,907,204.28, representing a 46.38% increase compared to ¥8,426,590,087.53 in the same period last year[11]. - Net profit attributable to shareholders was ¥2,780,604,301.25, up 54.54% from ¥1,799,236,522.56 year-on-year[11]. - The net profit after deducting non-recurring gains and losses was ¥2,639,902,199.17, reflecting a 64.06% increase compared to ¥1,609,099,163.36 in the previous year[11]. - Basic earnings per share increased to ¥5.2403, a 54.13% rise from ¥3.4000 in the same period last year[11]. - The company reported a total comprehensive income of ¥2,781,315,625.08 for the first half of 2024, compared to ¥1,865,205,595.67 in the same period of 2023, indicating robust overall performance[101]. Assets and Liabilities - The company's total assets increased by 11.93% to ¥60,021,185,979.88 from ¥53,624,552,279.13 at the end of the previous year[11]. - The net assets attributable to shareholders rose by 10.94% to ¥27,033,328,116.74 from ¥24,366,942,915.23 at the end of the previous year[11]. - The company's total liabilities amounted to CNY 32,135,916,730.35, up from CNY 28,799,771,760.61, representing a growth of 8.2%[95]. - The total amount of contract liabilities was CNY 8,984,771,603.73, up from CNY 8,316,892,377.88, reflecting a growth of 8.0%[95]. Cash Flow - The company reported a net cash flow from operating activities of -¥292,472,215.89, an improvement of 19.05% compared to -¥361,310,583.12 in the previous year[11]. - The net cash flow from operating activities for the first half of 2024 was -376,223,367.08 CNY, a significant decline compared to 75,804,582.83 CNY in the same period of 2023[108]. - The total cash and cash equivalents at the end of the first half of 2024 reached 5,037,339,447.38 CNY, up from 4,703,062,729.65 CNY at the end of the previous year[109]. Research and Development - The report highlights the company's ongoing commitment to research and development, although specific new products or technologies were not detailed in the provided content[11]. - Research and development investment amounted to ¥2.24 billion, representing a 47.97% increase from ¥1.52 billion year-on-year, aimed at enhancing core competitiveness through new product and technology development[22]. - The company holds over 8,300 patent applications and has received more than 4,900 authorized patents, leading the domestic integrated circuit equipment sector[48]. Market and Sales - Revenue from electronic process equipment was ¥11,395,996,546.42, accounting for 92.39% of total revenue, with a year-on-year growth of 55.07%[23]. - Revenue from electronic components decreased to ¥922,572,553.71, making up 7.48% of total revenue, reflecting a decline of 12.88% year-on-year[23]. - Revenue from the central and southeastern regions surged by 102.66% year-on-year, totaling ¥7,651,412,717.90, which constitutes 62.03% of total revenue[23]. Investment and Capital Management - The total investment during the reporting period was ¥2,244,329,042.97, an increase of 38.49% compared to ¥1,620,552,983.05 in the same period last year[31]. - The company has temporarily supplemented working capital with idle raised funds amounting to RMB 40,000 million in the current year[34]. - The total commitment for investment projects is RMB 1,042,941.44 million, with a cumulative investment of RMB 849,717.18 million as of the reporting period[36]. Corporate Governance and Compliance - The company has not reported any major asset or equity sales during the reporting period[39][40]. - The company has not encountered any issues with the use and disclosure of raised funds[38]. - The company has committed to reducing and regulating related party transactions, ensuring compliance with market rules and fair practices[66]. Social Responsibility - The company has committed over 1.2 million CNY in rural revitalization efforts, benefiting more than 5,000 individuals in the first half of 2024[49]. - The company has organized various social responsibility activities, including tree planting for disabled individuals and visits to elderly care centers, enhancing community welfare[64]. Environmental Initiatives - The company has established an ISO:50001 energy management system to enhance energy management and reduce carbon emissions[63]. - The company actively explores green product development and manufacturing to align with national carbon neutrality goals[63]. Stock and Shareholder Information - The total share capital increased from 530,201,983 shares to 531,019,664 shares, with an increase of 853,681 shares due to the exercise of stock options[79]. - The number of restricted shares repurchased decreased the share capital by 36,000 shares[80]. - The company’s stock option incentive plan was approved by the Shenzhen Stock Exchange on February 28, 2024[82]. Financial Reporting and Audit - The half-year financial report for 2024 has not been audited, indicating a need for future financial scrutiny[68]. - The financial report was approved by the board of directors on August 26, 2024[122].

公司严格按照《证券法》及《深圳证券交易所股票上市规则》等相关规定， 完成了2024年半年度报告及摘要的编制及审议工作。公司董事、监事及高级管理 人员就该报告签署了书面确认意见。 《2024年半年度报告摘要》详见2024年8月28日的信息披露媒体《中国证券 报》《证券时报》《上海证券报》及巨潮资讯网（www.cninfo.com.cn）。 证券代码：002371 证券简称：北方华创 公告编号：2024-052 北方华创科技集团股份有限公司 第八届董事会第十四次会议决议公告 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、误导性陈述或者重大遗漏。 北方华创科技集团股份有限公司（以下简称"公司"）第八届董事会第十四 次会议通知于 2024 年 8 月 16 日以电子邮件方式发出。2024 年 8 月 26 日上午会 议如期在公司会议室以现场和通讯相结合方式召开，应到董事 11 名，实到 11 名， 会议由董事长赵晋荣先生主持，公司监事、高级管理人员列席了会议。会议的召 集、召开符合《公司法》和《公司章程》的规定。本次会议决议如下： 1．审议通过了《2024年半年度报告及摘要》 报告期内，公 ...

第八届监事会第九次会议决议公告 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、误导性陈述或者重大遗漏。 证券代码：002371 证券简称：北方华创 公告编号：2024-053 北方华创科技集团股份有限公司 表决结果：3票同意，0票反对，0票弃权。 2．审议通过了《2024 年半年度募集资金存放与实际使用情况的专项报告》 报告期内，公司严格按照有关法律法规的规定管理和使用募集资金，不存 在未及时、真实、准确、完整披露募集资金使用的情况，募集资金管理亦不存 在违规情形。 《2024年半年度募集资金存放与实际使用情况的专项报告》详见2024年8月 28日的信息披露媒体巨潮资讯网（www.cninfo.com.cn）。 表决结果：3票同意，0票反对，0票弃权。 北方华创科技集团股份有限公司（以下简称"公司"）第八届监事会第九次 会议通知于 2024 年 8 月 16 日以电子邮件方式发出。2024 年 8 月 26 日上午如期 在公司会议室以现场和通讯相结合方式召开，应到监事 3 名，实到 3 名。会议由 监事会主席王谨女士主持，会议的召集、召开符合《公司法》和《公司章程》的 规定。本次会 ...

| 非经营性资金占用 | 资金占用方名称 | 占用方与上市公 | 上市公司核算 | 2024 年期初占用 | | 2024 年 1-6 | 月占用累计发 | 2024 年 | 1-6 | 月占用资 | 2024年1-6月偿还累 | 2024 | 年 6 | 月 30 | 日占 | 占用形 | 占用性质 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | 司的关联关系 | 的会计科目 | 资金余额 | | | 生金额（不含利息） | | 金的利息（如有） | | 计发生金额 | | | 用资金余额 | | 成原因 | | | 控股股东、实际控制人 | | | | | | | | | | | | | | | | | 非经营性占用 | | 及其附属企业 | | | | | | | | | | | | | | | | | | | 小计 | - | - | - | | | | | | | | | | | | | | - | | 前控股股东 ...