湖南凯美特气体股份有限公司 营业收入扣除情况表 专项核查报告 致同会计师事务所（特殊普通合伙） 目 录 专项核查报告 公司 2024 年度营业收入扣除情况表及说明 1-4 致同会计师事务所（特殊普通合伙） 中国北京 朝阳区建国门外大街 22 号 赛特广场 5 层 邮编 100004 电话 +86 10 8566 5588 传真 +86 10 8566 5120 www.grantthornton.cn 经核查，我们认为，凯美特气公司管理层编制的营业收入扣除情况表在 所有重大方面符合上市规则和"自律监管指南"的规定。 本核查报告仅供凯美特气公司披露营业收入扣除事项及扣除后的营业收 入金额使用，不得用作任何其他用途。 致同会计师事务所 （特殊普通合伙） 中国注册会计师 王怀发 湖南凯美特气体股份有限公司 营业收入扣除情况表专项核查报告 致同专字（2025）第 420A009235 号 湖南凯美特气体股份有限公司全体股东： 我们接受委托，在审计了湖南凯美特气体股份有限公司（以下简称"凯 美特气公司"）2024 年 12 月 31 日的合并及公司资产负债表，2024 年度的合并 及公司利润表、合并及公司现金流量表、合 ...

湖南凯美特气体股份有限公司 二〇二四年度 审计报告 一、审计意见 我们审计了湖南凯美特气体股份有限公司（以下简称"凯美特气公司"）财 务报表，包括 2024 年 12 月 31 日的合并及公司资产负债表，2024 年度的合并及公 司利润表、合并及公司现金流量表、合并及公司股东权益变动表以及相关财务报 表附注。 我们认为，后附的财务报表在所有重大方面按照企业会计准则的规定编制， 公允反映了凯美特气公司 2024 年 12 月 31 日的合并及公司财务状况以及 2024 年度 的合并及公司的经营成果和现金流量。 致同会计师事务所（特殊普通合伙） 目 录 | 审计报告 | 1-4 | | --- | --- | | 合并及公司资产负债表 | 1-2 | | 合并及公司利润表 | 3 | | 合并及公司现金流量表 | 4 | | 合并及公司股东权益变动表 | 5-8 | | 财务报表附注 | 9-101 | 致同会计师事务所（特殊普通合伙） 中国北京朝阳区建国门外大街 22 号 赛特广场 5 层邮编 100004 电话 +86 10 8566 5588 传真 +86 10 8566 5120 www.granttho ...

Financial Performance - The company's operating revenue for 2024 was ¥588,037,307.20, representing a 2.95% increase from ¥571,168,318.39 in 2023[22] - The net profit attributable to shareholders was -¥48,566,568.80, a decrease of 89.63% compared to -¥25,611,097.96 in the previous year[22] - The net profit after deducting non-recurring gains and losses was -¥1,483,195.58, showing a significant improvement of 96.30% from -¥40,063,209.60 in 2023[22] - The net cash flow from operating activities decreased by 26.02% to ¥151,137,061.98 from ¥204,296,075.01 in 2023[22] - The total assets at the end of 2024 were ¥2,860,348,416.96, a slight decrease of 0.99% from ¥2,889,048,557.01 in 2023[22] - The net assets attributable to shareholders increased by 1.97% to ¥1,991,846,021.67 from ¥1,953,437,671.39 in 2023[22] - The basic earnings per share for 2024 was -¥0.0698, a decline of 78.06% from -¥0.0392 in 2023[22] - The weighted average return on equity was -2.43%, compared to -1.67% in the previous year[22] - The company plans not to distribute cash dividends or issue bonus shares[5] Revenue Breakdown - The company's total revenue for Q4 2024 reached ¥159,350,717.68, showing a growth compared to previous quarters[27] - The environmental protection and governance sector accounted for ¥586,459,949.53, or 99.73% of total revenue, with a year-on-year growth of 2.90%[53] - Carbon dioxide product revenue decreased by 5.33% to ¥189,167,025.30, while hydrogen product revenue increased by 12.99% to ¥211,197,876.68[54] - Total sales from the top five customers amounted to ¥261,945,432.46, accounting for 44.55% of annual sales[60] Operational Highlights - The company recognized a one-time accelerated confirmation of share-based payment expenses amounting to ¥78,363,410.16 due to the termination of the 2022 restricted stock incentive plan[30] - Government subsidies related to normal business operations amounted to ¥13,517,293.31 in 2024, up from ¥7,355,377.76 in 2023[30] - The company has established long-term partnerships with major clients, including Coca-Cola and Pepsi, and has been recognized as a strategic supplier in China for food-grade liquid carbon dioxide products[40] - The company has expanded its product offerings to include hydrogen, pentane, liquefied gas, and fuel gas, utilizing chemical tail gas as raw materials to meet market demand[45] Research and Development - The company aims to enhance its core competitiveness in the electronic specialty gas market by continuously developing new products to meet the needs of high-end customers in the semiconductor industry[42] - R&D investment amounted to ¥33,503,474.76 in 2024, a decrease of 5.92% from ¥35,611,974.52 in 2023, representing 5.70% of operating revenue, down from 6.23%[65] - The number of R&D personnel decreased by 17.22% to 125 in 2024 from 151 in 2023, with a corresponding drop in the proportion of R&D staff from 21.18% to 16.62%[65] - The company is developing a high-purity hydrogen bromide product to meet stringent electronic industry standards, which will enhance product quality and market competitiveness[64] Strategic Initiatives - The company is focused on expanding its market presence and enhancing its brand image as a leading supplier of high-purity gases in various industries[50] - The company plans to enhance its market position through strategic investments in high-purity gas projects[79] - The company is exploring potential mergers and acquisitions to strengthen its market position[1] - The company plans to improve its influence and reputation in the industry through new project construction and investment, thereby building investor confidence in its development prospects[98] Governance and Compliance - The company has established a complete independent procurement, production, and sales system, with no business competition with its controlling shareholders[125] - The company has a fully independent financial accounting department and a standardized financial management system, with no interference from controlling shareholders in financial decisions[127] - The company has maintained communication with other directors and senior management to ensure effective governance[148] - The company has not faced any penalties or criticisms from the stock exchange regarding information disclosure, maintaining compliance with legal and regulatory requirements[126] Market Challenges - The company faces significant risks in its future operations, as detailed in the management discussion section[4] - The company faces risks related to its upstream petrochemical suppliers, which may affect the stability of raw material supply and profitability due to price adjustments or operational changes[99] - The domestic industrial gas market is becoming increasingly competitive, with foreign giants holding significant market share, necessitating the company to enhance its competitive capabilities[104] - The company’s performance is closely tied to the economic environment, with product prices linked to fluctuations in crude oil and other commodities, potentially affecting profitability[115] Employee and Training - The total number of employees at the end of the reporting period was 752, with 240 in production, 133 in sales, 197 in technical roles, and 52 in finance[153] - The company completed 5 training sessions in 2024, training a total of 163 employees over 120 hours[155] - The company has a structured training program that includes both internal and external training to enhance employee skills[155] - The company adheres to a performance-based compensation policy, aligning employee interests with corporate performance[154] Future Outlook - Future earnings guidance suggests a projected growth rate of 10% for the next quarter[1] - The company plans to expand its production capacity for hydrogen energy and hydrogen peroxide, targeting a 27.5% increase in production for the new projects[91] - The company plans to implement a shareholder return plan for the next three years (2024-2026)[149] - The company is committed to achieving "zero accidents" in safety management during project construction, emphasizing compliance and risk prevention[94]

Financial Performance - The company's operating revenue for Q1 2025 was ¥162,688,860.33, representing a 13.79% increase compared to ¥142,970,415.21 in the same period last year[5] - Net profit attributable to shareholders was ¥31,750,585.49, a significant turnaround from a loss of ¥75,595,178.00 in the previous year, marking a 142.00% increase[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥28,602,164.15, up 276.50% from a loss of ¥78,350,282.86 in the previous year[5] - Basic and diluted earnings per share were both ¥0.0457, a 142.04% increase from a loss of ¥0.1087 per share in the previous year[5] - Net profit for the current period was ¥31,631,440.71, a turnaround from a net loss of ¥76,126,857.70 in the previous period[24] Cash Flow - The net cash flow from operating activities increased by 36.19% to ¥36,031,064.03, compared to ¥26,456,098.50 in the same period last year[5] - Cash inflow from operating activities totaled 168,845,062.07, an increase of 10.5% from 152,619,561.23 in the previous period[25] - Net cash flow from operating activities was 36,031,064.03, up from 26,456,098.50, representing a 36.5% increase[25] - Cash outflow from investing activities was 641,649,522.12, down from 770,215,085.54, indicating a reduction of 16.7%[26] - Net cash flow from investing activities was -78,390,806.86, an improvement from -160,688,437.57 in the previous period[26] - Cash inflow from financing activities was 195,158,145.18, compared to 319,805,541.15, a decrease of 39%[26] - Net cash flow from financing activities was -8,682,029.60, contrasting with a positive flow of 211,579,870.85 in the previous period[26] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,852,386,431.65, a slight decrease of 0.28% from ¥2,860,348,416.96 at the end of the previous year[5] - Total liabilities decreased to ¥827,538,206.05 from ¥867,223,304.00, indicating a reduction of 4.6%[22] - The equity attributable to shareholders of the parent company increased to ¥2,023,688,279.09 from ¥1,991,846,021.67, a growth of 1.6%[22] Expenses - The company reported a significant reduction in selling expenses, which were ¥5,726,700.00, down 69.58% from ¥18,822,600.00 in the previous year due to the absence of stock incentive plan termination costs[9] - Research and development expenses were reported at ¥8,252,269.43, up from ¥7,413,238.30, reflecting a 11.3% increase[23] - The company experienced a 570.24% increase in income tax expenses, amounting to ¥3,018,400.00, compared to a tax benefit of -¥641,900.00 in the previous year, due to an increase in taxable income[11] Shareholder Information - The total number of common shareholders at the end of the reporting period was 44,360, with the largest shareholder, Haoxun Technology Co., Ltd., holding 37.37% of the shares[16] - The total number of preferred shareholders with restored voting rights was zero, indicating no preferred shares were issued[16] Government Support and Future Outlook - The company received a government subsidy of 1.4042 million yuan from the Hainan Provincial Department of Industry and Information Technology, which was disbursed on February 28, 2025[18] - Future outlook includes plans for market expansion and potential new product launches to sustain growth momentum[24] Inventory and Fixed Assets - The inventory at the end of the reporting period was 44.92 million yuan, up from 35.01 million yuan at the beginning of the period[20] - The fixed assets were valued at 704.23 million yuan, a decrease from 727.42 million yuan at the beginning of the period[20] - The company reported an increase in accounts receivable to 66.80 million yuan from 60.61 million yuan[20] Other Financial Metrics - The company's weighted average return on equity improved to 1.58%, up 5.44% from -3.86% in the previous year[5] - The company reported a credit impairment loss of ¥743,176.96 compared to a reversal of ¥18,954.51 in the previous period[24] - The company reported cash inflow from the disposal of fixed assets of 68,306.00, up from 10,735.00 in the previous period[25] - The company's cash and cash equivalents at the end of the reporting period were 961.27 million yuan, slightly up from 952.27 million yuan at the beginning of the period[20] - The ending balance of cash and cash equivalents was 474,907,872.76, down from 871,379,706.06, a decline of 45.5%[26]

光刻机概念股午后拉升，凯美特气（002549）涨停，美埃科技涨超5%，波长光电（301421）、茂莱光 学、新莱应材（300260）跟涨。 "聪明钱"流向曝光！暗盘资金破解主力操盘密码>> ...

Investment Rating - The report suggests a focus on the compound fertilizer industry due to its increasing concentration and potential benefits from tariff responses against the US [4] Core Viewpoints - The chemical sector saw a slight increase of 0.31% in the third week of April, lagging behind the Shanghai Composite Index by 0.88 percentage points [12] - Key stocks that performed well include Hongbaoli (+55.21%), Lingpai Technology (+28.07%), and Hongqiang Co. (+24.25%) [12] - The report highlights the significant price increases in trichloroethylene (+16.28%) and WTI crude oil (+7.67%) [20] - The report emphasizes the potential growth of companies like Xinyangfeng in the compound fertilizer sector, Chenghe Technology benefiting from tariff responses, Baofeng Energy with increasing production capacity, and Huangma Technology as a leader in specialty surfactants [4] Industry Performance - The chemical sector's dynamic PE is reported at 23.28 times, lower than the average PE of 14.76 times since 2015 [12] - In the third week of April, 20 sub-industries within the chemical sector increased, while 11 decreased, with textile chemicals (+6.07%) and modified plastics (+4.8%) leading the gains [15] - The report notes significant fluctuations in product prices, with liquid chlorine experiencing a drastic drop of -62.28% [20][39] Price and Spread Trends - The report lists the top five products with the highest weekly price increases, including trichloroethylene (+16.28%) and WTI crude oil (+7.67%) [20] - It also highlights the top five products with the largest price spread increases, such as ethylene glycol (+1154%) and naphtha (+32.58%) [39] Inventory Changes - Notable inventory changes include polyester chips (+17.14%) and polyester filament (+14.11%) showing significant increases [60]

2025 年 4 月 16 日 证券代码：002549 证券简称：凯美特气 公告编号：2025-013 湖南凯美特气体股份有限公司 关于岳阳长岭凯美特气体有限公司例行停车检修的公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚 假记载、误导性陈述或重大遗漏。 湖南凯美特气体股份有限公司（以下简称"公司"）全资子公司岳阳长岭凯 美特气体有限公司（以下简称"长岭凯美特"）根据上游中国石油化工股份有限 公司长岭分公司（以下简称"上游"）例行停车检修安排，于 2025 年 4 月 15 日 开始与上游装置同步停车，预计停车检修 65 天。 停车期间长岭凯美特将对生产装置进行保养与维护，以确保生产装置后期安 全有效运行，检修完成后即恢复正常生产。 公司将严格按照相关法律法规的规定，根据检修、复产的实际情况及时进行 信息披露。敬请广大投资者理性投资，注意风险。 特此公告。 湖南凯美特气体股份有限公司董事会 ...

午后高位股持续下挫 连云港等多股跌停 智通财经4月15日电，午后连云港、海鸥住工、远大控股、瑞茂通跌停，回盛生物跌超10%，中源家 居、天顺股份、秋乐种业、飞力达、哈三联、凯美特气等跌幅靠前。 ...

Investment Rating - The report maintains an "Outperform" rating for the industry [1]. Core Insights - The report highlights significant developments in the wind and solar sectors, including the commencement of China's first large-capacity floating wind turbine project and the termination of a major solar component procurement by China Power Construction [6][7]. - The Australian government's plan to subsidize home energy storage systems is expected to reduce initial costs for consumers and drive installation growth [7]. Summary by Sections Wind Power - The commencement of the 16MW floating wind turbine project by Three Gorges marks a significant milestone in China's offshore wind technology, addressing high costs through larger turbine capacities [11]. - The wind power index fell by 6.67%, underperforming the CSI 300 index by 3.80 percentage points, with a current PE_TTM valuation of approximately 18.89 times [12]. - Key companies to watch include Mingyang Smart Energy, Dongfang Cable, and Yaxing Anchor Chain, as the domestic offshore wind market shows upward momentum [7][16]. Solar Power - China Power Construction's termination of a 51GW solar component procurement reflects the impact of recent adjustments in renewable energy pricing policies, leading to uncertainty in project investment returns [6][7]. - The solar equipment index decreased by 9.56%, with the current PE_TTM valuation around 29.99 times [4]. - Companies of interest include Longi Green Energy and Tongwei Co., as the solar sector faces potential short-term demand weakness post-May 31 [7][16]. Energy Storage & Hydrogen - The Australian Labor Party's proposed AUD 2.3 billion subsidy for home energy storage systems aims to lower costs by 30%, potentially facilitating the installation of over 1 million new batteries by 2030 [7]. - The energy storage index dropped by 9.04%, with a current PE_TTM of 23.9 times, indicating a strong growth outlook for the sector [4]. - Key players in the energy storage market include Sungrow Power Supply and Shuneng Electric, while the hydrogen sector sees interest in companies like Huagong Huaneng and Yihua Tong [7][16].