Yoke Technology(002409)

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雅克科技:业绩符合预期,看好电子材料、LNG板材持续推动成长
申万宏源· 2025-02-05 09:50
Investment Rating - The report maintains a "Buy" rating for the company, indicating a positive outlook for its stock performance relative to the market [6]. Core Insights - The company is expected to achieve a net profit attributable to shareholders of approximately 850-930 million yuan for 2024, representing a year-on-year growth of about 47%-60% [6]. - The growth in profits is primarily driven by the recovery in semiconductor demand, stable performance in the display sector, and the concentrated delivery phase of LNG insulation materials [6]. - The company is positioned as a major supplier of semiconductor precursors, with significant demand from key clients such as Changxin, Hynix, and SMIC, contributing to high growth rates [6]. - The display materials segment is benefiting from the domestic shift in the panel industry, with notable growth in sales of photoresists and new product developments [6]. - The LNG insulation board business is entering a phase of concentrated deliveries, with strong order growth expected due to the booming LNG ship market [6]. Financial Data and Profit Forecast - Total revenue is projected to grow from 4,738 million yuan in 2023 to 11,388 million yuan by 2026, with a compound annual growth rate (CAGR) of approximately 26.3% [2]. - Net profit attributable to shareholders is forecasted to increase from 579 million yuan in 2023 to 1,792 million yuan in 2026, reflecting a CAGR of about 36.7% [2]. - Earnings per share (EPS) is expected to rise from 1.22 yuan in 2023 to 3.76 yuan in 2026 [2]. - The company's gross margin is projected to improve slightly from 31.3% in 2023 to 33.9% in 2026 [2]. - The price-to-earnings (P/E) ratio is expected to decrease from 49 in 2023 to 16 by 2026, indicating a more attractive valuation over time [2]. Market Data - As of January 27, 2025, the company's closing price was 59.80 yuan, with a market capitalization of approximately 19,048 million yuan [3]. - The stock has experienced a 52-week high of 74.36 yuan and a low of 33.24 yuan, indicating significant volatility [3]. - The company has a price-to-book (P/B) ratio of 3.9 and a dividend yield of 1.14% based on the most recent dividend announcement [3].
雅克科技(002409) - 2024 Q4 - 年度业绩预告
2025-01-24 10:45
证券代码:002409 证券简称:雅克科技 公告编号:2025-002 江苏雅克科技股份有限公司 2024年年度业绩预告 特别提示:本公司全体董事、监事、高级管理人员保证公告内容真实、准确和 完整,不存在虚假记载、误导性陈述或者重大遗漏。 1、业绩预告期间:2024 年 1 月 1 日至 2024 年 12 月 31 日 一、本期业绩预告情况 2、业绩预告情况:预计净利润为正值且属于下列情形之一 | 项目 | 本报告期 | 上年同期 | | | --- | --- | --- | --- | | 归属于上市公司股 | 盈利:85,000.00 万元~93,000.00 万元 | 盈利:57,948.04 | 万元 | | 东的净利润 | 比上年同期增长:46.68%~60.49% | | | | 扣除非经常性损益 | 盈利:80,937.07 万元~89,309.87 万元 | 盈利:55,818.67 | 万元 | | 后的净利润 | 比上年同期增长升:45.00%~60.00% | | | | 基本每股收益 | 盈利:1.7648 元/股~1.9482 元/股 | 盈利:1.2176 | 元/股 | 扭亏 ...
雅克科技(002409) - 第六届董事会第十二次会议决议公告
2025-01-09 16:00
证券代码:002409 证券简称:雅克科技 编号:2025-001 一、会议召开及审议情况 《舆情管理制度》具体内容详见巨潮资讯网(http://www.cninfo.com.cn)。 江苏雅克科技股份有限公司 二、备查文件 第六届董事会第十二次会议决议公告 特别提示:本公司及董事会全体成员保证公告内容真实、准确和完整,不存 在虚假记载、误导性陈述或者重大遗漏。 江苏雅克科技股份有限公司(以下简称"公司"或"雅克科技")第六届董 事会第十二次会议于 2024 年 12 月 30 日以邮件的方式发出通知,并通过电话进 行确认,于 2025 年 01 月 09 日以现场结合通讯的方式召开。会议应出席董事 9 名,实际参加表决董事 9 名,董事张昊玳女士、袁丽娜女士、李锦春先生、吴毅 雄先生、陈良华先生以通讯方式出席本次会议,董事沈馥先生因工作原因,委托 董事沈锡强先生出席并代为表决。会议由董事长沈琦先生主持,公司监事、高级 管理人员列席了本次会议。本次会议的召开符合《公司法》及《公司章程》的规 定,合法有效。 经与会董事认真审议,通过如下决议: 1、以 9 票同意,0 票反对,0 票弃权,审议通过了《关于制定<舆 ...
雅克科技(002409) - 舆情管理制度(2025年1月)
2025-01-09 16:00
江苏雅克科技股份有限公司 舆情管理制度 江苏雅克科技股份有限公司 舆情管理制度 第一章 总 则 第一条 为提高江苏雅克科技股份有限公司(以下简称"公司") 应对各 类舆情的能力,建立快速反应和应急处置机制,及时、妥善处理各类舆情对公 司股价、公司商业信誉及正常生产经营活动造成的影响,切实保护投资者合法 权益,根据《深圳证券交易所股票上市规则》等相关法律法规规定和《公司章 程》,结合公司实际情况,特制定本制度。 第二条 本制度所称"舆情"包括: (一)报刊、电视、网络等媒体对公司进行的负面报道、不实报道; (二)社会上存在的已经或将给公司造成不良影响的传言或信息; (三)可能或者已经影响社会公众投资者投资取向,造成股价异常波动的 信息; (四)其他涉及公司信息披露且可能对公司股票及其衍生品交易价格产生 较大影响的事件信息。 (三)协调和组织各类舆情处理过程中对外宣传报道工作; (四)负责做好向监管机构的信息上报工作及沟通工作; 第三条 公司舆情应对坚持"科学应对、注重实效"的总体原则,有效引 导内部舆论和社会舆论,避免和消除因媒体报道可能对公司造成的各种负面影 响,切实维护公司的利益和形象。 第二章 舆情管理的 ...
雅克科技:电子材料平台型企业,并购切入新领域
群益证券· 2024-11-19 03:03
Investment Rating - The report assigns a "Buy" rating to the company, indicating a positive outlook for its stock performance [4][12]. Core Views - The company is positioned as a leading electronic materials platform, having expanded its business through acquisitions in various electronic materials sectors, including semiconductor chemicals and photolithography materials [5][6]. - The company has shown significant revenue growth, with a 41.1% year-over-year increase in revenue for the first three quarters of 2024, reaching RMB 5.0 billion, and a 55.8% increase in net profit to RMB 750 million [5][12]. - The demand for the company's precursor materials is expected to grow, driven by advancements in AI and semiconductor manufacturing, positioning it as a global leader in this segment [6][10]. Summary by Sections Company Overview - The company operates in the electronic industry, with a current stock price of RMB 62.54 and a market capitalization of RMB 19.92 billion [2]. - Major shareholders include Shen Qi, holding 22% of the shares [2]. Product Portfolio - The company's product mix includes semiconductor chemicals (28.6%), photolithography materials (26.7%), LNG polyurethane foam boards (22.3%), and electronic specialty gases (6.4%) [2][5]. - The electronic materials segment has become the primary source of revenue, contributing 66.5% to total revenue in the first half of 2024 [5]. Financial Performance - The company reported a net profit of RMB 958 million for 2024, with projected profits of RMB 1.22 billion in 2025 and RMB 1.42 billion in 2026, reflecting a growth trajectory of 65% and 27% respectively [12][13]. - The earnings per share (EPS) are expected to increase from RMB 2.01 in 2024 to RMB 2.98 in 2026 [12][13]. Market Position and Growth Drivers - The company is recognized as a leading supplier of precursor materials, competing with major international suppliers and serving top semiconductor manufacturers [6][10]. - The shift of the panel industry towards domestic production is expected to accelerate the adoption of the company's photolithography materials [6][10]. - The LNG insulation board segment is also performing well, with a revenue contribution of 22% in the first half of 2024 and a strong order backlog [10][12]. Future Outlook - The company is expected to benefit from ongoing demand in the semiconductor sector, particularly in high-bandwidth memory (HBM) applications, with anticipated growth in production capacity [6][10]. - The expansion into wet electronic chemicals and semiconductor cleaning services is expected to enhance the company's product offerings and competitive edge [9][10].
雅克科技:业绩稳步提升,看好电子材料与LNG板块持续发力
中银证券· 2024-11-15 02:31
Investment Rating - The report maintains a **Buy** rating for the company, with a target price of RMB 66.57 [1] - The sector rating is **Outperform** [1] Core Views - The company's performance in the first three quarters of 2024 showed steady growth, with revenue reaching RMB 4.999 billion, a year-on-year increase of 41.15%, and net profit attributable to shareholders of RMB 748.77 million, up 55.80% year-on-year [3][5] - The electronic materials business continues to expand, with the LNG insulation board business entering a harvest period [1][3] - The company's gross margin for the first three quarters of 2024 was 32.88%, an increase of 1.02 percentage points year-on-year, while the net margin was 15.07%, up 0.89 percentage points year-on-year [3] - The company's downstream capacity utilization rate has improved, and the electronic materials sector is expected to continue growing [3] - The LNG insulation board business has seen steady development, with orders expected to continue to materialize [3] Financial Performance - In Q3 2024, the company achieved revenue of RMB 1.742 billion, a year-on-year increase of 42.93%, and net profit attributable to shareholders of RMB 229.23 million, up 64.64% year-on-year [6] - The company's EPS for 2024-2026 is forecasted to be RMB 1.97, RMB 2.64, and RMB 3.51, respectively, with corresponding P/E ratios of 33.7x, 25.2x, and 19.0x [3][4] - The company's EBITDA for 2024-2026 is projected to be RMB 1.503 billion, RMB 1.937 billion, and RMB 2.494 billion, respectively [4] Business Segments - **Electronic Materials**: The company has achieved full coverage of major domestic storage and logic chip manufacturers, with market share further increasing [3] - **LNG Insulation Boards**: The company has obtained GTT certification for its enhanced polyurethane foam material and is supplying insulation boards for multiple large LNG carriers [3] Valuation and Forecast - The company's revenue for 2024-2026 is expected to be RMB 6.726 billion, RMB 8.441 billion, and RMB 10.314 billion, respectively, with growth rates of 42.0%, 25.5%, and 22.2% [4] - The net profit attributable to shareholders for 2024-2026 is forecasted to be RMB 940 million, RMB 1.257 billion, and RMB 1.670 billion, respectively [4]
雅克科技:关于对外投资购买资产完成交割的公告
2024-11-12 09:01
证券代码:002409 证券简称:雅克科技 公告编号:2024-048 三、对公司的影响 通过本次收购,公司可以通过雅克半导体间接持有 SKC-ENF 公司下属全资 子公司爱思开希(南通)半导体材料有限公司(以下简称"南通公司")75.10% 的股权。南通公司主要从事半导体湿化学品显影液、蚀刻液和稀释剂的生产和销 售,产品质量在行业内处于领先水平。本次交易交割完成,将使公司在现有产品 的基础上,拓展半导体配套湿化学品业务,进一步丰富电子材料业务板块的产品 江苏雅克科技股份有限公司 关于对外投资购买资产完成交割的公告 特别提示: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,没 有虚假记载、误导性陈述或者重大遗漏。 一、交易概述 2023 年 9 月 12 日,江苏雅克科技股份有限公司(以下简称"公司"或"雅克科 技")第六届董事会第三次会议审议通过了《关于对外投资购买资产的议案》,同意 公司子公司江苏雅克半导体材料有限公司(以下简称"雅克半导体"或"买方") 与 SK enpulse Co., Ltd.(以下简称"SK enpulse 公司"或"卖方")签署《股权收购 协议》,约定雅克半导体以不超过 5 ...
雅克科技:关于对外投资参股沈阳亦创精密科技有限公司并购买资产完成交割的公告
2024-11-12 09:01
证券代码:002409 证券简称:雅克科技 公告编号:2024-049 江苏雅克科技股份有限公司 一、本次交易概述 2023 年 9 月 12 日,江苏雅克科技股份有限公司(以下简称"公司"或"雅克 科技")第六届董事会第三次会议审议通过了《关于对外投资参股沈阳亦创精密 科技有限公司并购买资产的议案》,同意公司与沈阳先进制造技术产业有限公司 (以下简称"沈阳先进")共同投资沈阳亦创精密科技有限公司(以下简称"沈 阳亦创"),并在后续自行或通过成立的一家有限责任公司(以下简称"雅克科 技投资方")与沈阳先进成立的有限合伙企业(以下简称"沈阳先进投资方") 共同增资沈阳亦创("本次投资"),由沈阳亦创与 SK enpulse Co., Ltd.(以下简 称"SK enpulse 公司")签署《收购协议》,购买其持有的 SKC solmics Hong Kong Limited(以下简称"SSHK")90%的股权("本次收购")("本次投资"及 "本次收购"合称"本次交易")。详见公司于 2023 年 9 月 13 日刊登在指定信 息媒体的《关于对外投资参股沈阳亦创精密科技有限公司并购买资产的公告》 (公告编号:2 ...
雅克科技:2024年第五次临时股东大会决议公告
2024-11-12 09:01
证券代码:002409 证券简称:雅克科技 公告编号:2024-047 江苏雅克科技股份有限公司 2024年第五次临时股东大会决议公告 特别提示:本公司及全体董事、监事、高级管理人员保证公告内容真实、准 确和完整,不存在虚假记载、误导性陈述或者重大遗漏。 一、重要内容提示: 1、公司于2024年10月28日在《证券时报》及指定信息披露网站巨潮资讯网 上刊登了《江苏雅克科技股份有限公司关于召开2024年第五次临时股东大会的通 知》。 2、本次股东大会无否决或修改提案的情况,无新提案提交表决的情况,也 无涉及变更前次股东大会决议的情况。 3、本次股东大会以现场投票和网络投票相结合的方式召开。 二、会议召开情况 1、会议召开时间: 现场会议时间:2024年11月12日(星期二)下午13:30。 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11月12 日上午9:15-9:25,9:30-11:30,下午13:00-15:00;通过深圳证券交易所互联 网投票系统投票的具体时间为:2024年11月12日上午9:15至下午15:00期间的任 意时间。 2、会议方式:本次股东大会采取现场投票和网络投票相结合 ...
雅克科技:江苏雅克科技股份有限公司2024年第五次临时股东大会法律意见书
2024-11-12 09:01
国浩律师(上海)事务所 关于 江苏雅克科技股份有限公司 2024 年第五次临时股东大会的 法律意见书 中国 上海 北京西路 968 号嘉地中心 27 层 邮编:200041 电话: (8621) 5234-1668 传真: (8621) 5243-3320 网址:http://www.grandall.com.cn 国浩律师(上海)事务所 股东大会法律意见书 国浩律师(上海)事务所 关于江苏雅克科技股份有限公司 2024 年第五次临时股东大会的法律意见书 致:江苏雅克科技股份有限公司 江苏雅克科技股份有限公司(以下简称"公司")2024 年第五次临时股东 大会现场会议于 2024 年 11 月 12 日(星期二)下午 13:30 在江苏省宜兴市经济 技术开发区荆溪北路 88 号公司会议室召开。国浩律师(上海)事务所(以下简 称"本所")接受公司的委托,指派林琳律师、耿晨律师(以下简称"本所律师") 出席会议并见证。现依据《中华人民共和国公司法》(以下简称"《公司法》")、 《中华人民共和国证券法》(以下简称"《证券法》")和《江苏雅克科技股份有限 公司章程》(以下简称"《公司章程》")出具本法律意见书。 本所 ...