市场数据(2024-09-03) 收盘价(元) 9.98 一年内最高/最低(元) 17.20/9.48 沪深 300 指数 3,273.43 市净率(倍) 1.33 流通市值(亿元) 107.82 基础数据(2024-06-30) 每股净资产(元) 7.49 每股经营现金流(元) -0.72 毛利率(%) 9.11 净资产收益率_摊薄(%) 0.79 资产负债率(%) 49.56 总股本/流通股(万股) 119,043.26/108,031.4 6 其他化学制品Ⅱ 分析师：牟国洪 登记编码：S0730513030002 mough@ccnew.com 021-50586980 业绩短期仍承压，盈利环比改善 ——多氟多(002407)中报点评 证券研究报告-中报点评 增持(维持) 发布日期：2024 年 09 月 04 日 事件：公司公布 2024 年半年度报告。 投资要点： 公司业绩短期持续承压。2024 年上半年，公司实现营收 46.09 亿 元，同比下降 12.46%；净利润 7033 万元，同比下降 73.78%；扣 非后净利润 1528 万元，同比下降 93.27%；经营活动产生的现金流 净额-8.5 ...

Investment Rating - The investment rating for the company is "Accumulate" (maintained) [1] Core Views - The company's performance in the first half of 2024 (1H24) has been under pressure, with total revenue of 4.609 billion yuan, a year-on-year decrease of 12.46%. The net profit attributable to shareholders was 70 million yuan, down 73.78% year-on-year, and the net profit after deducting non-recurring gains and losses was 15 million yuan, down 93.27% year-on-year. The decline in performance is primarily attributed to intensified competition in the new energy sector and lower-than-expected downstream customer demand, despite an increase in the production and sales scale of lithium hexafluorophosphate [1][2] Summary by Sections Financial Performance - In 1H24, the average market price of lithium hexafluorophosphate decreased by 56.5% year-on-year, leading to a significant decline in the company's profitability. The company achieved total revenue of 2.480 billion yuan in Q2 2024, a year-on-year decrease of 11.21% but a quarter-on-quarter increase of 16.49%. The net profit attributable to shareholders in Q2 2024 was 31 million yuan, down 80.60% year-on-year and down 22.26% quarter-on-quarter [1] Business Segments - The electronic information materials segment has shown growth, with revenue of 588 million yuan in 1H24, an increase of 11.40% year-on-year, and a gross margin of 21.82%. The company has established long-term partnerships with several well-known semiconductor companies and is expected to have a broad market space in the future [1] Future Outlook - The company is expected to achieve net profits of 298 million yuan, 410 million yuan, and 712 million yuan for the years 2024, 2025, and 2026, respectively, with corresponding P/E ratios of 40, 29, and 17 times. The long-term performance is supported by the rapid growth of various electrolyte lithium salts and electronic chemicals [2][4]

证券研究报告 非金融公司|公司点评|多氟多（002407） 2024 年半年报点评： 业绩短期承压，电子材料业务稳步推进 请务必阅读报告末页的重要声明 glzqdatemark1 2024年09月01日 证券研究报告 |报告要点 公司发布 2024 年半年度报告，2024H1 实现营收 46.09 亿元，同比-12.46%；归母净利润 0.70 亿元，同比-73.78%。第二季度实现营收 24.80 亿元，同比-11.21%，环比+16.49%； 归母净利润 0.31 亿元，同比-80.60%，环比-22.26%。 |分析师及联系人 贺朝晖 SAC：S0590521100002 请务必阅读报告末页的重要声明 1 / 5 非金融公司|公司点评 glzqdatemark2 2024年09月01日 多氟多(002407) 2024 年半年报点评： 业绩短期承压，电子材料业务稳步推进 | --- | --- | |----------------------------|---------------------| | | | | 行 业： | 基础化工 / 化学制品 | | 投资评级： | | | 当前价格： | ...

多氟多（002407.SZ）2024 年半年报点评 [盈利预测与财务指标 Table_Forcast] 短期业绩承压，多业务协同发展 2024 年 08 月 31 日 ➢ 事件。2024 年 8 月 29 日公司发布 2024 年半年报，公司上半年实现营业 收入 46.09 亿元，同比-12.46%；归母净利润为 0.70 亿元，同比-73.78%；扣非 后净利润为 0.15 亿元，同比-93.27%。 ➢ 多业务协同，六氟磷酸锂优势显著。从产品看，2024H1 氟基新材料营收 11.55 亿元，占比 25.06%，毛利率 8.02%；电子信息材料营收 5.88 亿元，占比 12.75%，毛利率 21.82%；新能源材料营收 13.39 亿元，占比 29.04%，毛利率 14.14%；新能源电池营收 6.24 亿元，占比 13.54%，毛利率 2.20%。其中新能 源材料是公司重点业务，产品包括以六氟磷酸锂（LiPF6）、双氟磺酰亚胺锂 （LiFSI）、六氟磷酸钠（NaPF6）等为代表的电解质盐。公司重视技术自主，产 品性能出色，现有高纯晶体六氟磷酸锂产能 6.5 万吨，与众多新能源领域上下游 客户建立了股权 ...

证券代码：002407 证券简称：多氟多 多氟多新材料股份有限公司 投资者关系活动记录表 编号：20240830 | --- | --- | --- | |-----------------------------|--------------------------------------------------------|-------------------------------------------------------------------------------------------------| | 投资者关系 \n活动类别 | 特定对象调研 \n□媒体采访 \n□新闻发布会 \n 现场参观 | 分析师会议 \n ☑ 业绩说明会 \n □路演活动 \n ☑ 其他（电话会议） | | 参与单位名称 及人员姓名 | 详细参会单位见后续附件 | | | 时间 | 2024 年 8 月 30 日 | 10:00-11:00 | | 地点 | 线上会议 | | | 上市公司接待 人员姓名 | 总 经 理：李云峰 董事会秘书：彭 超 投关负责人：郭瑞宽 | | | | 一、公司上半年经营业绩 | ...

2024年半年度非经营性资金占用及其他关联资金往来情况汇总表 编制单位:多氟多新材料設 单位:元 会计机构负责人: 医委面 & 2024年半年度非经营性资金占用及其他关联资金往来情况汇总表 (续) | 单 | 位 | ：元 | 编 | 制 | 单 | 位 | 多 | 氟 | 名 | 新 | 材 | 料 | 份 | 有 | 限 | 公 | 股 | 司 | ： | 半 | 年 | 往 | 来 | 2 | 0 | 2 | 4 | 上 | 年 | 2 | 0 | 2 | 4 | 上 | 半 | 往 | 来 | 累 | 2 | 往 | 往 | 性 | 质 | 营 | 性 | 往 | 来 | ( | 经 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | ...

合并资产负债表 2024年6月30日 | 编制单位: | (除特别注明外,金额单位均为人民币元) | | | --- | --- | --- | | | 期末余额 | 期初余额 | | 流动货产 | | | | 货币资金 | 5,943,546,521.04 | 6,874,715,543.41 | | 以公允价值计 | 期损益的金融贷产 | | | 交易性金融资产 | 336,069,016.55 | 260,125.73 | | 衍生金融资产 | 2,763,850.00 | | | 应收票据 | 216,205,140.93 | 236,112,331.44 | | 应收账款 | 1,522,660,974.21 | 2,080,803,106.00 | | 应收款项融资 | 997,361,338.61 | 813,219,085.29 | | 预付款项 | 252,217,635.45 | 179,497,254.43 | | 其他应收款 | 111,195,826.80 | 111,193,544.53 | | 存货 | 1,419,227,419.46 | 1,576,297,308.97 | ...

Financial Performance - The company's operating revenue for the reporting period was ¥4,609,290,097.84, a decrease of 12.46% compared to the same period last year[13]. - The net profit attributable to shareholders was ¥70,326,258.65, reflecting a significant decline of 73.78% year-over-year[13]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥15,279,863.36, down 93.27% from the previous year[13]. - The net cash flow from operating activities was -¥855,125,828.86, a decrease of 179.49% compared to the same period last year[13]. - The total assets at the end of the reporting period were ¥22,681,946,958.98, a slight decrease of 0.50% from the end of the previous year[13]. - The net assets attributable to shareholders decreased by 4.28% to ¥8,913,848,910.51 compared to the end of the previous year[13]. - The company's R&D investment decreased by 21.29% to ¥184,077,857.73 from ¥233,861,994.90 year-on-year[40]. - The company achieved operating revenue of 460,929.01 million yuan, a year-on-year decrease of 12.46%[33]. - Net profit attributable to shareholders was 7,032.63 million yuan, down 73.78% year-on-year, primarily due to intensified competition in the new energy sector and lower-than-expected downstream customer demand[33]. Business Strategy and Development - The company plans to change its business scope and objectives to better meet operational needs, as approved in board meetings held on May 15 and May 31, 2024[12]. - The company is focusing on the development of environmentally friendly fluorinated chemical products to meet market demand and policy direction[19]. - The company anticipates a stable growth in the lithium battery supply chain as the global penetration rate of new energy vehicles continues to rise[21]. - The company has identified opportunities for industry consolidation and technological upgrades in the fluorochemical sector, enhancing overall competitiveness[19]. - The company is focusing on customized services based on market trends and customer needs to maintain its leading position in the electrolyte industry[28]. - The company is actively promoting the industrialization of sodium-ion batteries and has begun mass production of large cylindrical sodium-ion batteries in 2022[29]. - The company is increasing R&D investment and production capacity to meet the growing demand for high-end market products in the semiconductor and photovoltaic sectors[26]. Environmental and Social Responsibility - The company has a valid pollution discharge permit effective from November 21, 2023, to November 20, 2028[72]. - The company reported a total emission of 2.783 tons of particulate matter, which is within the standard limit of 10 mg/m³[73]. - The company has implemented measures to optimize organizational structure and enhance team building[66]. - The company has achieved a significant reduction in nitrogen oxide emissions, with a total of 7.02 tons processed during the reporting period[76]. - The company has constructed a 22.65MW energy storage project and a 1.72MW photovoltaic integrated project, contributing to a low-carbon and sustainable future[81]. - The company has been recognized as a "National Green Factory" by the Ministry of Industry and Information Technology, reflecting its commitment to green manufacturing[82]. - The company has actively participated in social responsibility initiatives, including 16 years of stem cell donation activities, contributing to community health[82]. Financial Management and Investments - The company reported a profit from investment of ¥4,796,201.51, accounting for 3.37% of total profit[42]. - The company reported an investment amount of RMB 395,894,997.80 for the current period, representing a 21.55% increase compared to RMB 325,707,800.00 in the same period last year[47]. - The company has made significant equity investments, including RMB 300,000,000.00 for an 80% stake in Ningxia Tianlin New Material Technology Co., Ltd., which has been completed[48]. - The company has established long-term partnerships with numerous domestic and international semiconductor companies, enhancing its market presence in the electronic chemicals sector[26]. - The company has filed 1,490 patent applications, with 925 patents granted, including 243 invention patents, showcasing its strong focus on technological innovation[34]. Risk Management - The company faces risks from macroeconomic fluctuations, particularly due to geopolitical tensions affecting the new energy industry[62]. - The company is exposed to raw material price volatility, especially lithium carbonate, which impacts production costs and profitability[63]. - The company has established a comprehensive risk management and internal control system to ensure effective execution of management policies[66]. Shareholder and Corporate Governance - The company held its 2023 Annual General Meeting on April 18, 2024, with an investor participation rate of 17.44%[68]. - The company has established a comprehensive anti-corruption reporting system, including multiple channels for whistleblowing and a dedicated disciplinary committee[82]. - The company has not engaged in any violations regarding external guarantees during the reporting period[85]. - The integrity status of the company and its controlling shareholders is good, with no significant debts due that remain unpaid[90]. Future Outlook - The company plans to expand its market presence in Southeast Asia, targeting a 10% market share by the end of 2025[101]. - The company has set a future outlook with a revenue growth target of 20% for the next fiscal year[101]. - New product development includes the launch of three innovative materials expected to enhance production efficiency by 25%[101]. - The company is investing 50 million in R&D to develop sustainable materials over the next three years[101].

证券代码：002407 证券简称：多氟多 公告编号：2024-065 多氟多新材料股份有限公司 关于使用部分闲置募集资金暂时补充流动资金的公告 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。 多氟多新材料股份有限公司（以下简称"公司"）于2024年8月28日召开第 七届董事会第二十一次会议、第七届监事会第十五次会议，审议通过了《关于使 用部分闲置募集资金暂时补充流动资金的议案》，同意公司使用最高额度不超过 （含）人民币80,000万元闲置募集资金暂时补充流动资金，使用期限自董事会通 过之日起不超过12个月。现将相关事宜公告如下： 一、募集资金基本情况 经中国证券监督管理委员会出具的《关于核准多氟多新材料股份有限公司非 公开发行股票的批复》（证监许可[2022]2962号）的核准，公司以16.35元/股向 特 定 对 象 发 行 人 民 币 普 通 股 （ A 股 ） 122,324,159 股 ， 募 集 资 金 总 额 为 1,999,999,999.65元，扣除各项发行费用11,963,476.94元后的实际募集资金净 额为1,988,036,522.71 ...

第1页 | 编制单位: | | | | | | | | | | 单位: 元 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 其他关联 | | 往来方与上市公司 | 上市公司核算的 | 2024年期初往来 | 2024上半年往来累 2024上半年往来 计发生金额(不含 | 资金的利息 | 2024年上半年偿还 | 2024年6月30日在 | 往来形成原因 | 往来性质(经营性在 | | 登金住来 | | 的天联天杀 | 会计科目 | 货金余额 | 利息) | | 累计发生金额 | 来贷金余额 | | 来、非经营性往来) | | | 休圳多氟多储能技术有限公 | 实际控制人直接控制的法人 | 应收账款 | 6,797,582.00 | 28,120,208.67 | | 6,440,446.07 | 28,477,344.60 销售产品 | | 经营性往来 | | | 深圳多氟多储能技术有限公 | 实际控制人直接控制的法人 | 应收款项融资 | | 6,440,032.00 | | 2,352,174.10 | 4,0 ...