股票代码：002768 股票简称：国恩股份 公告编号：2025-020 青岛国恩科技股份有限公司 关于召开 2024 年度股东大会的通知 本公司及董事会全体成员保证信息披露内容的真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 青岛国恩科技股份有限公司（以下简称"公司"）于 2025 年 4 月 24 日召 开了公司第五届董事会第十一次会议，会议审议通过了《关于召开 2024 年度股 东大会的议案》，董事会决议于 2025 年 6 月 6 日（星期五）召开公司 2024 年 度股东大会。现将本次会议的有关事项通知如下： 一、召开会议的基本情况 1、股东大会届次：2024 年度股东大会 2、股东大会的召集人：青岛国恩科技股份有限公司董事会 3、会议召开的合法、合规性：公司第五届董事会第十一次会议决定召开本 次股东大会。本次股东大会的召集、召开符合有关法律、行政法规、部门规章、 规范性文件、深圳证券交易所业务规则和《公司章程》等的规定。 4、会议召开的日期、时间： （1）现场会议召开时间：2025 年 6 月 6 日（星期五）下午 14:00。 （2）网络投票时间：通过深圳证券交易所交易系统进行网络投票的 ...

股票代码：002768 股票简称：国恩股份 公告编号：2025-008 青岛国恩科技股份有限公司 第五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内容的真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 2024 年度，公司监事会严格按照《公司法》《中华人民共和国证券法》等 法律法规、部门规章、规范性文件及《公司章程》《监事会议事规则》等规定， 从切实维护公司利益和全体股东的权益特别是广大中小股东权益出发，认真履行 监督职责。具体内容详见公司同日披露于巨潮资讯网（http://www.cninfo.com.cn） 上的《2024 年度监事会工作报告》。 表决结果：同意 3 票，反对 0 票，弃权 0 票。本议案获得表决通过。 本议案尚需提交公司 2024 年度股东大会审议。 2、审议通过《<2024 年年度报告>全文及摘要》 经审核，监事会认为董事会编制和审核公司《2024 年年度报告》全文及摘 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。具 体内容详见公司同日披露于巨潮资讯网（http:/ ...

股票代码：002768 股票简称：国恩股份 公告编号：2025-007 青岛国恩科技股份有限公司 第五届董事会第十一次会议决议公告 本公司及董事会全体成员保证信息披露内容的真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 一、董事会会议召开情况 青岛国恩科技股份有限公司（以下简称"公司"或"国恩股份"）第五届董 事会第十一次会议于 2025 年 4 月 24 日下午 14:00 在青岛市城阳区棘洪滩街道青 大工业园 2 号路公司办公楼四楼会议室召开。本次会议由公司董事长王爱国先生 召集并主持，会议通知于 2025 年 4 月 14 日以专人送达、电子邮件、电话等形式 发出。本次会议采取现场表决的方式召开，应参加本次会议表决的董事 7 人，实 际参加本次会议表决的董事为 7 人，公司监事及高级管理人员列席了本次会议。 本次会议的召集、召开和表决程序符合《中华人民共和国公司法》（以下简称《公 司法》）和《青岛国恩科技股份有限公司章程》（以下简称《公司章程》）的有 关规定，合法有效。 二、董事会会议审议情况 1、审议通过《2024 年度总经理工作报告》 表决结果：同意 7 票，反对 0 票，弃权 0 票。本 ...

股票代码：002768 股票简称：国恩股份 公告编号：2025-011 青岛国恩科技股份有限公司 关于 2024 年度利润分配预案的公告 本公司及董事会全体成员保证信息披露内容的真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 27,125 万股剔除回购专用证券账户中已回购股份 625 万股后的股本 26,500 万股 测算，预计 2024 年度派发现金红利 74,200,000.00 元。公司 2024 年度派发现金 红利和股份回购金额合计为 204,491,303.33 元，占公司 2024 年度归属于上市公 司股东的净利润的 30.23%。 三、现金分红方案的具体情况 1、公司 2024 年度利润分配方案不触及其他风险警示情形，最近三年现金 分红方案如下： | | | | 单位：元 | | --- | --- | --- | --- | | 项目 | 年度 2024 | 年度 2023 | 年度 2022 | | 现金分红总额 | 74,200,000.00 | 48,346,200.00 | 67,812,500.00 | | 回购注销总额 | 0.00 | 0.00 | 0.00 | | 归 ...

Financial Performance - The company's operating revenue for 2024 reached ¥19.22 billion, an increase of 10.21% compared to ¥17.44 billion in 2023[17]. - Net profit attributable to shareholders for 2024 was ¥676.38 million, reflecting a significant growth of 45.18% from ¥465.89 million in 2023[17]. - The basic earnings per share for 2024 increased to ¥2.52, up 46.51% from ¥1.72 in 2023[17]. - The total assets at the end of 2024 amounted to ¥18.35 billion, representing a 21.91% increase from ¥15.05 billion at the end of 2023[17]. - The net cash flow from operating activities for 2024 was ¥552.86 million, a rise of 13.26% compared to ¥488.11 million in 2023[17]. - The company reported a weighted average return on equity of 14.35% for 2024, up from 10.92% in 2023[17]. - The net profit after deducting non-recurring gains for 2024 was ¥530.66 million, which is a 14.71% increase from ¥462.61 million in 2023[17]. - The company recorded a total of ¥145.72 million in non-recurring gains for 2024, compared to ¥3.28 million in 2023[24]. Dividend and Shareholder Engagement - The company plans to distribute a cash dividend of 2.80 RMB per 10 shares (including tax) to all shareholders, with no bonus shares issued[4]. - The financial report confirms that all board members attended the meeting to review the annual report, ensuring accountability for the report's accuracy[4]. Market and Industry Outlook - The company plans to continue expanding its market presence and invest in new product development to drive future growth[26]. - The global chemical new materials market is expected to reach $480 billion by 2025, with a compound annual growth rate (CAGR) of 4.4% from 2019 to 2025[30]. - By 2025, China's consumption of chemical new materials is projected to reach 43 million tons, with a self-sufficiency rate of 85%[29]. - The pharmaceutical industry is expected to maintain an average annual growth rate of over 8% during the 14th Five-Year Plan period, with the added value of the industry increasing to 5% of total industrial output[32]. - The retail scale of China's nutrition and health food market exceeded $37 billion in 2023, with a CAGR of 7.0% over the past three years, projected to reach $44.2 billion by 2026[32]. Product Development and Innovation - The company is expanding its product applications into the medical field with the introduction of plasma gelatin, which is used in various medical applications[33]. - The company is actively investing in projects to produce 1 million tons of polystyrene (PS) annually, enhancing its competitive edge through economies of scale[35]. - The company has established a 200,000 tons/year styrene and 80,000 tons/year propylene oxide co-production facility, significantly improving raw material utilization and reducing carbon emissions[36]. - The company has an annual production capacity of 13,500 tons for gelatin and 39 billion capsules, with plans to expand capsule production to nearly 70 billion units, positioning itself as a leading producer in China[44]. - The company focuses on organic polymer modified materials, with applications in various industries including home appliances, automotive, and new energy sectors[39]. - The company has developed a three-tier value enhancement system from basic modification to high-end specialty materials, covering multiple industries and establishing long-term partnerships with major brands[40]. - The company aims to explore new business growth areas in lightweight materials for low-altitude eVTOL structures and smart wearable technologies[42]. Research and Development - The company has 300 ongoing technology innovation projects, ensuring sustainable development and leading domestic standards for modified materials[49]. - The company holds 47 invention patents and 162 utility model patents, demonstrating strong R&D capabilities in organic polymer materials[49]. - Research and development expenses increased by 4.42% to ¥591,283,695.30, indicating a continued focus on innovation[92]. - The number of R&D personnel increased by 33.81% to 752, with a notable rise in the proportion of personnel holding bachelor's degrees to 41.5%[98]. Environmental and Regulatory Compliance - The company is actively pursuing environmental management certifications, with multiple ISO certifications valid until 2027, reflecting its commitment to sustainability[52]. - The company has established a three-level safety production standardization enterprise certification, enhancing its operational safety protocols[52]. - The company is developing environmentally friendly and recyclable EPS products, achieving batch production and relevant certifications[61]. Strategic Partnerships and Acquisitions - The company completed the acquisition of 99.99% equity in Hong Kong Petrochemical, which has an annual production capacity of 250,000 tons of high-performance polystyrene[61]. - The company invested 240 million CNY to acquire a 67% stake in Guoen Chemical (Dongming), focusing on fine chemicals and new materials[62]. - The company has formed long-term strategic partnerships with leading enterprises such as Qilu Pharmaceutical and China National Pharmaceutical Group[74]. Corporate Governance and Management - The company held 1 annual general meeting and 5 board meetings during the reporting period, ensuring compliance with relevant laws and regulations[162]. - The company maintains complete independence in business operations, assets, personnel, and financial matters from its controlling shareholders[163]. - The company has established an independent financial accounting system and has independent bank accounts, ensuring no shared accounts with shareholders[165]. - The company has a comprehensive labor management system, ensuring all employees are independently employed and compensated by the company[163]. Future Outlook and Growth Strategies - The company is focused on expanding its market presence and enhancing its product offerings through strategic leadership[171]. - The company is actively pursuing new strategies for growth and market expansion in the coming years[171]. - The company is committed to enhancing the performance of its products through the development of new materials and production processes, particularly in the electric vehicle and charging station sectors[130].

Financial Performance - The company's revenue for Q1 2025 was ¥4,412,095,075.38, a decrease of 0.23% compared to ¥4,422,476,696.87 in the same period last year[5]. - Net profit attributable to shareholders was ¥111,050,160.99, down 9.79% from ¥123,108,552.29 year-on-year[5]. - The net profit excluding non-recurring gains and losses was ¥102,439,424.82, reflecting a decline of 16.78% compared to ¥123,092,034.96 in the previous year[5]. - Total operating revenue for the current period is CNY 4,412,095,075.38, a slight decrease of 0.23% compared to CNY 4,422,476,696.87 in the previous period[23]. - Net profit for the current period is CNY 113,725,169.20, down 17.0% from CNY 136,972,309.38 in the previous period[24]. - Earnings per share (EPS) for the current period is CNY 0.42, compared to CNY 0.45 in the previous period[25]. Cash Flow and Assets - Operating cash flow increased by 11.32% to ¥185,975,973.87 from ¥167,060,694.59 in the same period last year[5]. - Total cash inflow from investment activities is ¥941,572,747.68, significantly higher than ¥33,225,971.53 in the previous period[27]. - Net cash flow from financing activities is ¥434,965,470.21, up from ¥386,271,821.45 in the previous period, reflecting a growth of approximately 12.5%[27]. - The net increase in cash and cash equivalents for the current period is ¥537,471,820.55, compared to ¥517,638,650.36 in the previous period, indicating a growth of about 3.2%[27]. - The ending balance of cash and cash equivalents is ¥2,552,235,355.85, up from ¥2,262,430,044.04 in the previous period, representing an increase of approximately 12.8%[27]. - As of March 31, 2025, the company's total current assets reached RMB 11.62 billion, an increase from RMB 11.01 billion at the beginning of the period, reflecting a growth of approximately 5.54%[19]. - Total assets at the end of the reporting period were ¥18,971,169,046.25, up 3.38% from ¥18,351,446,492.55 at the end of the previous year[5]. Liabilities and Equity - Total liabilities rose to CNY 11,866,462,003.45, compared to CNY 11,319,117,568.76 in the previous period[21]. - The company’s total equity increased to CNY 7,104,707,042.80, up from CNY 7,032,328,923.79 in the previous period[21]. Expenses - Total operating costs increased to CNY 4,313,637,856.90, up 0.77% from CNY 4,303,784,754.56 in the previous period[23]. - Tax and additional charges increased by 48.82% year-on-year, mainly due to the consolidation of subsidiaries[13]. - Management expenses rose by 34.12% compared to the previous year, also attributed to the inclusion of subsidiaries[13]. - Financial expenses increased by 56.42% year-on-year, driven by increased loans and the consolidation of subsidiaries[13]. - Cash paid for taxes increased to ¥72,698,651.18 from ¥29,424,867.56, indicating a growth of about 147%[26]. Shareholder Information - The company has completed a share repurchase of 6,250,000 shares, accounting for 2.30% of the current total share capital, with a total transaction amount of approximately RMB 130.27 million[17]. - The company plans to use repurchased shares for employee stock ownership plans or equity incentives, with a repurchase budget between RMB 100 million and RMB 200 million[16]. - The maximum repurchase price was adjusted to RMB 23.82 per share after the 2023 dividend distribution[16]. - The company’s major shareholder, Wang Aiguo, holds 46.45% of the shares, making him the controlling shareholder[14]. - The top ten shareholders collectively hold significant stakes, with the largest being Qingdao Century Star Hao Investment Co., Ltd. at 18 million shares[14]. - The company has not disclosed any participation in margin financing or securities lending by the top ten shareholders[14]. Inventory and Receivables - Accounts receivable rose to RMB 2.79 billion from RMB 2.75 billion, indicating an increase of approximately 1.32%[19]. - Inventory levels increased to RMB 3.65 billion from RMB 3.38 billion, showing a growth of around 8.06%[19].

Group 1 - The acrylic acid concept sector increased by 1.89%, ranking second in terms of sector gains, with seven stocks rising, including Bohai Chemical which hit the daily limit, and Shenyang Chemical, Benli Technology, and Akolai showing gains of 7.65%, 4.48%, and 2.50% respectively [1] - The main funds in the acrylic acid concept sector experienced a net outflow of 215 million yuan, with six stocks seeing net inflows, led by Bohai Chemical with a net inflow of 56.065 million yuan [2][3] - The net inflow ratios for Bohai Chemical, Shenyang Chemical, and Baolijia were 31.95%, 18.48%, and 5.62% respectively, indicating strong interest from main funds [3] Group 2 - The top gainers in the acrylic acid concept included Bohai Chemical, Shenyang Chemical, and Baolijia, while the top decliners were Tianlong Group, Wanhua Chemical, and Rike Chemical, with declines of 2.68%, 1.09%, and 1.01% respectively [1][4] - The trading volume and turnover rates for the leading stocks in the acrylic acid concept were notable, with Bohai Chemical showing a turnover rate of 5.07% and Shenyang Chemical at 7.38% [3][4] - The overall market sentiment in the acrylic acid sector appears positive despite some individual stock declines, reflecting a mixed but generally upward trend in the sector [1][2]

股票代码：002768 股票简称：国恩股份 公告编号：2025-006 青岛国恩科技股份有限公司 关于控股股东部分股份解除质押、质押及展期的公告 本公司及董事会全体成员保证信息披露内容的真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 股东 名称 是否为控股股东或 第一大股东及其一 致行动人 本次解除质押 股份数量 （股） 占其所持股 份比例 占公司总股 本比例 起始日 解除日期 质权人 王爱国 是 11,100,000 8.81% 4.09% 2024.7.8 2025.3.31 民生理财有限责任 公司 王爱国 是 2,190,000 1.74% 0.81% 2023.5.23 2025.3.26 国泰君安证券股份 有限公司 王爱国 是 2,190,000 1.74% 0.81% 2023.5.25 2025.3.26 国泰君安证券股份 有限公司 合 计 - 15,480,000 12.29% 5.71% - - - 一、本次解除质押基本情况 | 王爱国 | 是 | 9,300,000 | 7.38% | 3.43% | 否 | 否 | 2023.5.23 | 2025.4.29 | 2026.3. ...

国恩股份 20250323 摘要 • 国恩股份营收自 2017 年以来持续高增长，2019 至 2023 年营收复合增 长率达 36%。2024 年前三季度归母净利润同比增长 20%，得益于产销量 提升及降本增效措施，利润重回增长轨道。 • 改性塑料市场前景广阔，2024 年中国塑料产量接近 1.3 亿吨，同比增长 约 7%。国恩股份改性塑料销量自 2018 年以来持续增长，截至 2023 年 底销量约 100 万吨，未来仍将保持增长趋势。 • 2023 年中国改性塑料产量接近 3,000 万吨，改性化率达 25%，但仍低于 全球平均水平。受益于家电和汽车行业的需求增长，预计到 2028 年，智 能家电和汽车行业对功能型材料的需求将分别增长至 1,514 万吨和 930 万 吨。 • 全球复合材料市场规模稳定增长，2023 年市场规模达 910 亿美元，同比 增长 9%。中国复合材料市场规模约 2,300 亿元，未来五年行业年复合增 长率预计在 4%到 5%之间。国恩股份深耕新能源充电桩和电池包领域，与 特锐德、宁德时代等头部企业合作。 公司主要分为大化工和大健康两个业务板块。在大化工板块中，包括绿色石化 （ ...

Investment Rating - The report initiates coverage with an "Accumulate" rating for Guoen Co., Ltd. [6][7] Core Views - Guoen Co., Ltd. is positioned as a leading enterprise in the polymer materials sector, focusing on an integrated industrial platform. The company has been deeply involved in polymer materials for 20 years, with significant production capacities in modified plastics and composite materials. The dual growth engines of polymer materials and health aesthetics are expected to drive future growth, supported by continuous customer expansion and business optimization [6][7][28]. Financial Data and Profit Forecast - The company is projected to achieve total revenue of 20.058 billion yuan in 2024, with a year-on-year growth rate of 15%. By 2025, revenue is expected to reach 22.263 billion yuan, growing at 11% [2]. - The forecasted net profit attributable to shareholders for 2024 is 1.818 billion yuan, with a significant increase of 40.6% year-on-year. By 2025, net profit is expected to be 706 million yuan, reflecting a growth rate of 7.7% [2]. - Earnings per share (EPS) are projected to be 2.42 yuan in 2024 and 2.60 yuan in 2025, with a long-term compound annual growth rate (CAGR) of 26% for net profit from 2024 to 2026 [7][31]. Market Data - As of March 19, 2025, the closing price of the stock is 25.92 yuan, with a market capitalization of 4.581 billion yuan. The stock has a dividend yield of 0.69% based on the most recent dividend announcement [3][6]. Business Strategy and Growth Drivers - The company is expanding its modified plastics business, which is expected to maintain high growth due to increasing demand in the appliance and automotive sectors. The modified plastics market in China is projected to grow at a compound annual growth rate (CAGR) of 7% [6][28]. - Guoen Co., Ltd. is also focusing on the composite materials sector, particularly in the new energy vehicle supply chain, which includes charging stations and battery packs. The company has established strong relationships with major clients in this sector [6][28]. Profitability and Cost Structure - The company's gross margin is expected to improve from 8.3% in 2024 to 9.0% in 2026, driven by cost reductions and increased production efficiency [2][36]. - The report highlights that the company has been able to maintain a relatively low expense ratio, which has improved from 7.3% in 2018 to 4.9% in the first three quarters of 2024 [38]. Industry Position and Competitive Landscape - The modified plastics market in China is characterized by a low penetration rate, with a modification rate of only 25% compared to the global average of 50%. This indicates significant growth potential for the industry [45][57]. - The company is well-positioned to capture market share as it continues to innovate and expand its product offerings in high-value applications [6][9].