控股股东、实际控制人行为规范及信息问询制度 北京北摩高科摩擦材料股份有限公司 控股股东、实际控制人行为规范 第一章 总则 （二）持有股份的比例虽然不足 50%，但依其持有的股份所享有的表决权已 足以对股东会的决议产生重大影响的股东。 第四条 本制度所称"实际控制人"是指通过投资关系、协议或者其他安排 能够实际控制、支配公司行为的自然人、法人或其他组织。 第五条 本制度所称控股股东、实际控制人的"关联人"包括但不限于： （一）控股股东、实际控制人直接或间接控制的，或者担任董事、高级管理 人员的，除公司及其控股子公司以外的法人、非法人组织； （二）控股股东、实际控制人为自然人的，包括其配偶、父母及配偶的父母、 兄弟姐妹及其配偶、年满十八周岁的子女及其配偶、配偶的兄弟姐妹和子女配偶 的父母； （三）控股股东、实际控制人的一致行动人； 第一条 为进一步完善北京北摩高科摩擦材料股份有限公司（以下简称"公 司"）的法人治理结构，规范控股股东、实际控制人的行为，确保信息披露的真 实、准确、完整、及时和公平，根据《中华人民共和国公司法》《深圳证券交易 所股票上市规则》《深圳证券交易所自律监管指引第 1 号——主板上市公司规范 ...

投资者关系管理制度 北京北摩高科摩擦材料股份有限公司 投资者关系管理制度 （2025年5月修订） 第一章 总则 第一条 为促进和完善北京北摩高科摩擦材料股份有限公司(以下简称"公 司")治理结构,规范公司投资者关系管理工作,根据《中华人民共和国证券法》(以 下简称"《证券法》")、《上市公司投资者关系管理工作指引》《深圳证券交 易所上市公司自律监管指引第 1 号——主板上市公司规范运作》及其他相关法律、 法规和规范性文件的规定,并结合公司的实际情况,特制定本制度。 第二条 投资者关系管理是指公司通过便利股东权利行使、信息披露、互动 交流和诉求处理等工作，加强与投资者和潜在投资者(以下统称"投资者")之间 的沟通和交流,增进投资者对公司的了解和认同,以提升公司治理水平和企业整 体价值，实现尊重投资者、回报投资者、保护投资者目的的相关活动。 第三条 公司控股股东、实际控制人以及董事和高级管理人员应当高度重视、 积极参与和支持投资者关系管理工作。 第四条 公司开展投资者关系管理活动，应当以已公开披露信息作为交流内 容，不得以任何方式透露或者泄露未公开披露的重大信息。 投资者关系活动中涉及或者可能涉及股价敏感事项、未 ...

北京北摩高科摩擦材料股份有限公司 公司章程修正案 （2025 年 5 月） 北京北摩高科摩擦材料股份有限公司（以下简称"公司"）第三届董事会第 十四会议审议通过，根据最新修订的《上市公司章程指引》等法律法规的要求， 并结合公司实际情况，公司拟对《公司章程》有关条款进行修订。具体修订如下： 1、将《公司章程》中有关"股东大会"的表述统一修订为"股东会"； 2、删除《公司章程》第七章"监事会"的内容； 3、除上述调整外，《公司章程》其余修订具体如下： | 原文 | 修订后 | | --- | --- | | 第一条 为维护北京北摩高科摩 | 第一条 为维护北京北摩高科摩擦材 | | 擦材料股份有限公司（以下简称"公 | 料股份有限公司（以下简称"公司"）、 | | 司"）、股东和债权人的合法权益，规 | 股东和债权人的合法权益，规范公司 | | 范公司的组织和行为，根据《中华人民 | 的组织和行为，根据《中华人民共和国 | | 共和国公司法》（以下简称"《公司 | 公司法》（以下简称"《公司法》"）、 | | 法》"）、《中华人民共和国证券法》 | 《中华人民共和国证券法》（以下简称 | | （以下简称"《证券法 ...

Core Viewpoint - The company experienced a significant decline in revenue and net profit in 2024, but showed signs of recovery in Q1 2025, with expectations for growth in specific business segments [1][3]. Group 1: Financial Performance - In 2024, the company achieved operating revenue of 538 million yuan, a year-on-year decrease of 43.62%, and a net profit attributable to shareholders of 16.15 million yuan, down 92.57% year-on-year [1]. - In Q1 2025, the company reported revenue of 262 million yuan, an increase of 9.27% year-on-year, and a net profit of 53.8 million yuan, a decrease of 26.72% year-on-year [1]. - The company faced short-term performance pressure due to lower revenue, a higher proportion of lower-margin landing gear business, and slower payment collection influenced by industry factors, leading to a credit impairment loss of 131 million yuan in 2024 [1]. Group 2: Business Development - The company made significant progress in the research and delivery of various landing gear types, with expectations for continued revenue growth in 2025 [2]. - In 2024, a specific type of landing gear began batch production and delivery, and preparations for batch production of two other types are underway, with small batch deliveries expected in 2025 [2]. - The launch of a surface treatment production line for large aircraft landing gear is expected to enhance cost efficiency and support the research, production, and delivery of landing gear products [2]. Group 3: Market Trends - The company is positioned to benefit from the domestic substitution trend in civil aviation brake systems, as international suppliers dominate the market [3]. - The increase in domestic aircraft production capacity, particularly with the C919 program, is expected to enhance the company's opportunities in the civil aviation supply chain [3]. - Profit forecasts for the company indicate a net profit of 188 million yuan in 2025, 355 million yuan in 2026, and 461 million yuan in 2027, with corresponding EPS of 0.57, 1.07, and 1.39 yuan [3].

Investment Rating - The report maintains a "Buy" rating for the company, indicating a favorable outlook for investment over the next 6-12 months [6]. Core Insights - The company experienced a significant decline in revenue in 2024, with a total revenue of 538 million yuan, down 43.62% year-on-year, and a net profit attributable to shareholders of 16 million yuan, down 92.57% [1][2]. - In Q1 2025, the company reported a revenue of 262 million yuan, reflecting a year-on-year increase of 9.27%, and a net profit of 53.8 million yuan, although this was still a decline of 26.72% compared to the previous year [1][2]. - The company’s landing gear business is expected to ramp up, with significant revenue potential as various models reach important application milestones [3]. - The domestic aviation brake products are poised to benefit from the trend of localization and self-sufficiency in the aviation supply chain, particularly as domestic airlines face rising import costs [4]. Summary by Sections Financial Performance - In 2024, the company’s revenue from various segments included 163 million yuan from aircraft brake control systems, 210 million yuan from wheels, 65.83 million yuan from testing, and 83.62 million yuan from landing gear, with respective year-on-year changes of -60.60%, -35.98%, -65.80%, and +1766.18% [2]. - The gross margins for these segments were 56.08%, 63.46%, 64.90%, and 13.91% respectively, indicating a shift towards lower-margin products [2]. Business Development - The company has made progress in the research and delivery of multiple landing gear types, with expectations for continued revenue growth in 2025 [3]. - A new surface treatment production line for military and civilian large aircraft landing gear has been put into operation, which is expected to enhance cost efficiency and support production and delivery timelines [3]. Market Outlook - The report forecasts a recovery in net profit, projecting 188 million yuan in 2025, 355 million yuan in 2026, and 461 million yuan in 2027, with corresponding EPS estimates of 0.57, 1.07, and 1.39 yuan [4][5]. - The company’s current stock price corresponds to a PE ratio of 47x for 2025, 25x for 2026, and 19x for 2027, suggesting potential for valuation improvement as earnings recover [4][5].

Core Viewpoint - The company reported a significant decline in revenue and net profit for 2024, primarily due to delayed contract signings and an increase in the proportion of lower-margin landing gear business, but anticipates a recovery in demand and growth in the coming years [1][4]. Group 1: Financial Performance - In 2024, the company achieved revenue of 538 million yuan, a year-over-year decrease of 43.62%, and a net profit of 16.15 million yuan, down 92.57% year-over-year [1]. - The company's various business segments experienced revenue declines, with the aircraft brake control systems and wheels generating 163 million yuan (down 60.60%), testing and inspection services at 210 million yuan (down 35.98%), and brake discs at 66 million yuan (down 65.80%) [2]. - The landing gear business, however, saw a remarkable increase in revenue to 84 million yuan, a year-over-year growth of 1766.18%, marking it as a new growth curve for the company [2]. Group 2: Future Outlook - For Q1 2025, the company reported revenue of 262 million yuan, a year-over-year increase of 9.27%, while net profit was 54 million yuan, down 26.72% due to increased R&D expenses and credit impairment losses [3]. - The company expects demand in the military aircraft sector to gradually recover, with significant growth anticipated in the wheels and brake discs segments, and the landing gear business emerging as a new growth point [3]. - The civil aviation brake business is expected to benefit from domestic substitution opportunities, particularly as the cost of imported materials rises, leading to potential rapid growth [3]. Group 3: Profit Forecast and Valuation - The company forecasts net profits of 249 million yuan, 351 million yuan, and 459 million yuan for 2025-2027, reflecting a downward adjustment due to increased R&D investment and a higher proportion of lower-margin landing gear revenue [4]. - The target price for the company is set at 40.60 yuan, based on a 54 times PE ratio for 2025, indicating a significant increase from the previous target of 23.46 yuan [4].

域，公司也会采取多种渠道来降本增效，同时利用国际领 先的起落架系统试验中心为各型起落架产品的科研、生产 和交付提供有力的保障。 4.请问公司如何看待大飞机的出海战略，以及公司目 前在民机国产化方面的进展 证券代码：002985 证券简称：北摩高科 北京北摩高科摩擦材料股份有限公司 投资者关系活动记录表 编号：2025-001 | | 特定对象调研 | □分析师会议 | | --- | --- | --- | | | □媒体采访 | □业绩说明会 | | 投资者关系活动类别 | □新闻发布会 | □路演活动 | | | □现场参观 | | | | 其他（电话交流会） | | | 活动参与人员 | 兴业证券 石康 | | | | 兴业证券 周登科 | | | | 光大证券 汲萌 | | | | 招商基金 冯福章 | | | | 兴全基金 李扬 | | | | 工银瑞信基金 冯紫茹 | | | | 中航基金 杨中楷 | | | | 中航基金 高丰臣 | | | | 华夏久盈资产 何南南 | | | | 创金合信基金 李晗 | | | | 华夏基金 胡斌 | | | | 华泰自营 刘新宇 | | | | 国寿安保 ...

Core Viewpoint - Beijing Beimo High-Tech Friction Material Co., Ltd. (referred to as "Beimo High-Tech") reported significant declines in multiple financial metrics for the year 2024, including a 92.57% drop in net profit and a 207.51% increase in financial expenses, indicating a challenging operational environment that warrants investor attention [1][3][10]. Revenue Performance - In 2024, Beimo High-Tech achieved operating revenue of 537,899,353.73 yuan, a decrease of 43.62% from 954,016,301.63 yuan in the previous year, primarily due to delays in contract signing and pricing [2]. - Military product revenue was 473,341,934.65 yuan, down 35.55%, while civilian product revenue fell 70.59% to 64,557,419.08 yuan [2]. - Key product revenues saw significant declines, with aircraft brake control systems and wheels down 60.60%, brake discs down 65.80%, and testing income down 35.98% [2]. Profitability Analysis - The net profit attributable to shareholders was 16,154,211.77 yuan, a sharp decline of 92.57% from 217,431,178.89 yuan in the previous year, driven by revenue decline, changes in product mix, and slower accounts receivable collections [3]. - The net profit excluding non-recurring gains and losses was 6,156,135.22 yuan, down 97.05% from 208,948,387.28 yuan, indicating severe deterioration in core profitability [4]. Earnings Per Share - Basic earnings per share dropped to 0.05 yuan, a decrease of 92.42% from 0.66 yuan in the previous year, reflecting a significant reduction in shareholder returns [5]. - The diluted earnings per share, excluding non-recurring items, was only 0.02 yuan, further highlighting the challenges in core business profitability [6]. Expense Overview - Financial expenses surged by 207.51% to 7,799,648.09 yuan, primarily due to increased interest expenses from loans related to the acquisition of minority interests in Jinghan Yu [10]. - Sales expenses decreased by 16.42% to 29,347,420.78 yuan, potentially due to adjustments in sales strategies [7]. - Management expenses also fell by 19.45% to 62,202,563.96 yuan, suggesting cost control measures [8]. Research and Development - R&D expenses decreased by 32.78% to 57,603,921.26 yuan, representing 10.71% of operating revenue, indicating a need for balance between cost control and innovation [11]. - The number of R&D personnel decreased by 18.72% to 165, with a notable drop in the number of undergraduate staff, which may impact innovation capabilities [12]. Cash Flow Analysis - Operating cash flow net decreased by 8.03% to 184,515,302.06 yuan, primarily due to reduced sales collections [13]. - Investment cash flow net decreased by 27.30% to -109,729,044.51 yuan, reflecting a more cautious investment strategy [14]. - Financing cash flow net saw a dramatic decline of 13,006.27% to -422,283,601.29 yuan, largely due to borrowings for acquisitions and cash dividends [15].

证券代码：002985 证券简称：北摩高科 公告编号：2025-015 北京北摩高科摩擦材料股份有限公司 关于会计政策变更的公告 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。 特别提示： 本次会计政策变更事项是根据财政部相关规定和要求进行的政策变更，符合 《企业会计准则》及相关法律法规的规定，不属于公司自主变更会计政策的情形， 根据有关规定，本次会计政策变更事项无需提交股东大会审议，现将变更情况公 告如下。 本公司在首次执行日，对此项会计政策变更采用追溯调整法，调整了比较财 务报表相关项目列示。 一、会计政策变更概述 （一）变更原因及日期 财政部于2024年12月6日颁布了《企业会计准则解释第18号》（财会【2024】 24 号），规定对不属于单项履约义务的保证类质量保证产生的预计负债，应当 按确定的金额计入"主营业务成本"和"其他业务成本"，不再计入"销售费 用"。企业在首次执行该解释内容时，应当按照《企业会计准则第 28 号——会 计政策、会计估计变更和差错更正》等有关规定，将上述保证类质量保证会计处 理涉及的会计科目和报表列报项目的变更作为会计政策变更 ...

证券代码：002985 证券简称：北摩高科 公告编号：2025-010 独立董事候选人声明与承诺 声明人 邓文胜 作为北京北摩高科摩擦材料股份有限公司第四届董事会独 立董事候选人，已充分了解并同意由提名人北京北摩高科摩擦材料股份有限公司 董事会提名为北京北摩高科摩擦材料股份有限公司（以下简称该公司）第四届董 事会独立董事候选人。现公开声明和保证，本人与该公司之间不存在任何影响本 人独立性的关系，且符合相关法律、行政法规、部门规章、规范性文件和深圳证 券交易所业务规则对独立董事候选人任职资格及独立性的要求，具体声明并承诺 如下事项： 北京北摩高科摩擦材料股份有限公司 一、本人已经通过北京北摩高科摩擦材料股份有限公司第三届董事会提名委 员会资格审查，提名人与本人不存在利害关系或者其他可能影响独立履职情形的 密切关系。 √是 □否 如否，请详细说明：____________________________ 二、本人不存在《中华人民共和国公司法》第一百四十六条等规定不得担任 公司董事的情形。 √是 □否 如否，请详细说明：____________________________ 三、本人符合中国证监会《上市公司独立董 ...