证券代码：002484 证券简称：江海股份 公告编号：2024-042 南通江海电容器股份有限公司 关于召开 2024 年第一次临时股东大会的通知 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。 （1）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14 日上午9:15-9:25，9:30至11:30，下午13:00至15:00； （2）通过深圳证券交易所互联网投票系统进行网络投票的具体时间为2024年 11月14日上午9:15至下午15:00期间的任意时间。 5、会议的召开方式：本次股东大会采用现场表决与网络投票相结合的方式召开。 公 司 将 通 过 深 圳 证 券 交 易 所 交 易 系 统 和 互 联 网 投 票 系 统 （http://wltp.cninfo.com.cn）向全体股东提供网络形式的投票平台，公司股东可 南通江海电容器股份有限公司（以下简称"公司"或"本公司"）第六届董事 会第七次会议决定，于2024年11月14日（星期四）召开公司2024年第一次临时股东 大会，审议公司董事会提交的相关提案。为维护广大中小股东权益，按照 ...

Investment Rating - The report assigns a "Buy-A" rating to the company, indicating a positive outlook for its stock performance in the near term [1][2]. Core Views - The company is a global leader in aluminum electrolytic capacitors, with a significant recovery in profits expected in Q2 2024, showing a year-on-year increase [1]. - The second quarter of 2024 saw record revenue of 2.11 billion yuan, marking a 1.70% year-on-year growth and a 24.89% quarter-on-quarter increase [1]. - The report highlights the company's strategic focus on expanding its market share in film capacitors and supercapacitors, alongside its core aluminum electrolytic capacitor business [1][2]. Financial Performance Summary - For the first half of 2024, the company achieved revenue of 2.364 billion yuan, a decrease of 4.43% year-on-year, with a net profit of 211 million yuan, reflecting a year-on-year increase of 1.61% in Q2 [1][3]. - The gross margin for Q2 2024 improved to 26.02%, up from 23.58% in Q1 2024 [1]. - The company expects net profits for 2024-2026 to be 774 million, 952 million, and 1.21 billion yuan respectively, with corresponding EPS of 0.91, 1.12, and 1.42 yuan [2][3]. Market Position and Growth Potential - The company is positioned as one of the few in the power electronics sector with competitive advantages across three major types of capacitors, indicating substantial growth potential [2]. - The report notes that the valuation is at a historical low, suggesting significant upside potential for investors [2][3]. - The company is actively expanding its production capacity for film capacitors to meet the growing demand in the electric vehicle sector [1][2].

Investment Rating - The report maintains an "Outperform" rating for Jianghai Capacitor (002484 SZ) [1][3] Core Views - 2Q24 revenue and net profit hit record highs despite challenges [1] - 2Q24 revenue: 1 313 billion yuan (YoY +1 70% QoQ +24 89%) [1] - 2Q24 net profit: 211 million yuan (YoY +1 61% QoQ +53 77%) [1] - 2Q24 gross margin: 26 02% (QoQ +2 44pct) ending 3-quarter decline [1] - Aluminum electrolytic capacitors continue to dominate with focus on high-end markets [1] - 1H24 revenue: 1 910 billion yuan (YoY -4 68%) [1] - Gross margin: 26 56% (YoY -1 01pct) [1] - Expanding in industrial control new energy and automotive sectors [1] - Film capacitors show strong growth potential in automotive sector [1] - 1H24 revenue: 222 million yuan (YoY +12 88%) [1] - Gross margin: 16 47% (YoY -4 09pct) [1] - Inventory clearance nearing completion with robust EV orders [1] - Supercapacitors expanding into new applications [1] - 1H24 revenue: 109 million yuan (YoY +8 40%) [1] - Gross margin: 20 57% (YoY -3 07pct) [1] - Scaling up in power generation side and user-side frequency regulation [1] Financial Projections - 2024-2026 net profit forecast: 737/845/1 003 million yuan [1] - YoY growth: 4 2%/14 6%/18 7% [1] - PE ratio: 14/12/10x [1] - 2024-2026 revenue forecast: 5 297/5 958/6 863 million yuan [2] - YoY growth: 9 3%/12 5%/15 2% [2] - Key financial ratios [2] - ROE: 12 1%/12 4%/13 2% [2] - EBIT margin: 15 9%/16 0%/16 5% [2] - PE ratio: 17 4/15 2/12 8x [2] Market Performance - Current price: 12 31 yuan [3] - Market cap: 10 467 billion yuan [3] - 52-week range: 19 29-10 98 yuan [3] - 3-month average daily turnover: 100 47 million yuan [3]

经审核，公司董事会认为：《公司2024年半年度报告及其摘要》的编制， 符合法律、法规、中国证监会和深圳证券交易所的相关规定。报告内容真实、 准确、完整地反映了公司实际经营情况，不存在任何虚假记载、误导性陈述或 重大遗漏。该议案已经审计委员会审议通过，并提交董事会审议。2024年半年 度报告全文及其摘要详见8月28日的巨潮资讯网 （http://www.cninfo.com.cn），半年报摘要同时刊登在同日的《证券时 报》、《上海证券报》。 本议案赞成票9票，反对票0票，弃权票0票，此项议案通过。 证券代码:002484 证券简称：江海股份 公告编号：2024-032 南通江海电容器股份有限公司 第六届董事会第六次会议决议公告 本公司及董事会全体成员保证公告内容真实、准确和完整，没有 虚假记载、误导性陈述或重大遗漏。 南通江海电容器股份有限公司（以下简称"公司"）第六届董事会第六次会 议（以下简称"会议"）通知于2024年8月14日以微信方式发出，会议于2024年 8月26日在公司一楼会议室以现场结合通讯的方式召开。应到董事9人，实到董事 9人。公司监事、高级管理人员列席了本次会议。本次会议的召集、召开以及参 ...

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Financial Performance - The company's operating revenue for the first half of 2024 was ¥2,363,794,402.37, a decrease of 4.43% compared to ¥2,473,393,488.20 in the same period last year[11]. - Net profit attributable to shareholders was ¥347,424,845.01, down 3.91% from ¥361,571,398.05 year-on-year[11]. - The net cash flow from operating activities was ¥319,570,764.34, reflecting a decrease of 4.64% from ¥335,137,663.13 in the previous year[11]. - The company reported a basic earnings per share of ¥0.4106, down 4.44% from ¥0.4297 in the same period last year[11]. - The weighted average return on net assets decreased to 6.32% from 7.18% in the previous year[11]. - The company reported a significant increase in financing activities, with cash flow from financing activities at -¥342,461,813.76, up 889.21% from -¥34,619,554.92 due to increased cash dividends[20]. - The company reported a net profit of 1,711 million yuan for the first half of 2024, compared to 1,445 million yuan in the same period last year, indicating a year-on-year increase of about 18.43%[95]. - The total comprehensive income for the period was 245 million yuan, reflecting a significant recovery from a loss of 1,012 million yuan in the previous period[94]. Market Strategy and Expansion - The company plans to expand its domestic market sales while utilizing its subsidiary AIC in Japan as a new export base[1]. - The company aims to increase the proportion of self-developed core materials and accelerate the launch of new products to mitigate the impact of market uncertainties[1]. - The company aims to enhance its market share in aluminum electrolytic capacitors across industrial control, new energy, and automotive sectors[15]. - The company is focusing on expanding its film capacitor production to meet the rapidly growing demand in the electric vehicle sector[15]. - The company plans to enhance exports of high-tech new products to mitigate the impact of regionalization on its operations[40]. - The company plans to enhance its market expansion strategies and invest in new product development to drive future growth[84]. - Market expansion plans include entering two new international markets by Q4 2024, aiming for a 5% market share in each[111]. Research and Development - Research and development investment increased by 20.61% to ¥136,398,379.03, up from ¥113,089,574.12, driven by intense market competition[20]. - The company is investing in R&D, allocating 100 million RMB towards the development of new technologies and products[111]. - The company is focusing on technological advancements and innovation in capacitor manufacturing to meet increasing market demands[93]. Financial Position and Assets - Total assets at the end of the reporting period were ¥7,281,856,291.73, a slight increase of 0.26% from ¥7,263,050,307.80 at the end of the previous year[11]. - Cash and cash equivalents decreased by CNY 162,984,195.11, reflecting a decline of 284.74% due to comprehensive reasons including operations, investments, and financing[21]. - The company's total assets at the end of the reporting period amounted to 5,145 million yuan, reflecting a stable asset base for ongoing operations[93]. - The total equity of Nantong Jianghai Capacitor Co., Ltd. at the end of the reporting period is 4,571 million yuan, showing an increase from the previous year's total equity of 4,192 million yuan, representing a growth of approximately 9.06%[91]. Shareholder Information - The company will not distribute cash dividends or issue bonus shares for this period[1]. - The company held its annual general meeting on May 9, 2024, with a participation rate of 33.86%[42]. - The total number of shareholders at the end of the reporting period was 29,432, with the largest shareholder, Yiwei Investment, holding 28.82% of the total shares[59]. - The total number of shares increased from 846,090,241 to 850,274,941 due to the exercise of stock options under the 2018 stock option incentive plan, with 5,241,400 options exercised by 166 participants[55]. Risk Management - The company is facing exchange rate risks due to a significant proportion of export products, and measures are being taken to mitigate these risks[1]. - The company has not reported any significant environmental issues or administrative penalties during the reporting period[45]. - The company has not engaged in any major related party transactions or significant contracts during the reporting period[49]. Compliance and Governance - The financial report for the first half of 2024 has not been audited[49]. - The company has not experienced any bankruptcy reorganization or significant penalties during the reporting period[49]. - The company has maintained a clean integrity status with no reported issues from its controlling shareholders or actual controllers[47]. - The company adheres to the accounting standards and ensures that the financial statements accurately reflect its financial position and operating results[103]. Future Outlook - The company has provided a positive outlook for the second half of 2024, projecting a revenue growth of 10% to 12%[111]. - New product launches are expected to contribute an additional 200 million RMB in revenue by the end of 2024[111]. - The company is considering strategic acquisitions to enhance its product portfolio, with a budget of 300 million RMB for potential acquisitions[111].

南通江海电容器股份有限公司（以下简称"公司"）于2024年8月14日以微 信的方式向全体监事发出了《关于召开公司第六届监事会第五次会议的通知》。 本次会议于2024年8月26日下午在公司第一会议室以现场会议的方式召开。会议 由公司监事会主席钱志伟先生主持，会议应到监事3人，实到监事3人，符合《公 司法》和《公司章程》的规定。 一、审议并通过了《公司2024年半年度报告及其摘要》。 经审核，监事会认为公司董事会编制和审核《公司2024年半年度报告》全文 及其摘要的程序符合法律、行政法规和中国证监会的规定，报告内容真实、准确、 完整地反映了公司的实际情况，不存在任何虚假记载、误导性陈述或者重大遗漏。 《2024年半年度报告》全文详见巨潮资讯网（www.cninfo.com.cn），《2024年 半年度报告》摘要刊登于《证券时报》《上海证券报》及巨 潮 资 讯 网 （www.cninfo.com.cn）上。 表决结果：同意 3 票，反对 0 票，弃权 0 票，获得通过。 证券代码:002484 证券简称：江海股份 公告编号：2024-033 南通江海电容器股份有限公司 第六届监事会第五次会议决议公告 本公司及监事会 ...

南通江海电容器股份有限公司 2024 年半年度募集资金 存放与使用情况专项报告 一、募集资金基本情况 （一）2010 年首次公开发行股票募集资金情况 截至 2024 年 06 月 30 日，2010 年首次公开发行募集资金公司已累计 使用募集资金 81978.06 万元，本报告年度未使用首次公开发行募集资金， 首次公开发行募集资金已全部使用结束。本报告期内所有首次公开发行的募 集资金账户已全部销户。 1 二、募集资金余额存储情况 截至 2024 年 6 月 30 日公司募集资金专户余额为 253,327,080.05 元，具 体情况如下： （定期存款属大额定期存款） 三、公司是否按照承诺的募集资金投资计划使用募集资金 经审核，公司已按照申请文件中承诺的募集资金投资计划使用募集资金。 截止 2024 年 06 月 30 日公司募集资金实际使用情况如下： （二）2016 年度非公开发行股票募集资金情况 根据公司 2015 年第一次临时股东大会股东会决议，审议通过了《关于 公司 2015 年度非公开发行股票方案的议案》，并经中国证券监督管理委员 会《关于核准南通江海电容器股份有限公司非公开发行股票的批复》（证监 许 ...

证券代码：002484 证券简称：江海股份 南通江海电容器股份有限公司 投资者关系活动记录表 | --- | --- | |------------------------|--------------------------------------------------------------------------------------------------------------------------------------------| | | | | 投资者关系活动类别 | 特定对象调研 | | | ☐ 媒体采访 | | | ☐新闻发布会 | | | ☐ 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 | 中金公司（何欣怡）、申万宏源（杨紫璇）、上汽投资（黄婷）、 汇丰前海（王敦）、国盛证券（朱迪、葛星甫）、淡马锡（邵冠 棋）、富国基金（王帅） | | 时间 | 2024年7月16 日 | | 地点 公司一号会议室 | | | | 副总裁兼董事会秘书 王汉明 | | 上市公司接待人员姓名 | 证券事务代表 潘培培 1 、 就公司经营情况做了简要的介绍 ...