本人（李玉华）作为北京北摩高科摩擦材料股份有限公司的独立董事，严格 按照《公司法》、《北京北摩高科摩擦材料股份有限公司公司章程》（以下简称"《公 司章程》"）、《北京北摩高科摩擦材料股份有限公司独立董事工作制度》等有关规 定，勤勉尽责、充分发挥独立董事的独立性、专业性作用，有效维护了公司整体 利益和全体股东，尤其是中小股东的合法权益。2024 年度具体履职情况报告如 下： 一、工作履历及专业背景 本人 1976 年出生，中国国籍，研究生学历，注册会计师、税务师、资产评 估师，中国人民大学特聘教师、西安电子科技大学经济管理学院客座教授、北京 注册会计师协会专家讲师团成员、五斗江会计网校《经济法》和《股权顶层设计 与财富传承》系列课程辅导专家、主要著作出版物《财税管控中的公司治理》、 编写国家 985 教材《中级财务会计》。2000 年 9 月至 2018 年 10 月，历任齐齐哈 尔第一机床厂、北京华通鉴会计师事务所有限公司，北京中企利宏会计师事务所 有限公司，大信会计师事务所（特殊普通合伙）会计、审计经理、执行董事、合 伙人；2018 年 11 月至今，担任大华会计师事务所（特殊普通合伙）合伙人。国 联股份（ ...

北京北摩高科摩擦材料股份有限公司 2024 年度独立董事述职报告 （邓文胜） 各位股东及股东代表： 本人（邓文胜）作为北京北摩高科摩擦材料股份有限公司的独立董事，严格 按照《公司法》、《北京北摩高科摩擦材料股份有限公司公司章程》（以下简称"《公 司章程》"）、《北京北摩高科摩擦材料股份有限公司独立董事工作制度》等有关规 定，勤勉尽责、充分发挥独立董事的独立性、专业性作用，有效维护了公司整体 利益和全体股东，尤其是中小股东的合法权益。2024 年度具体履职情况报告如 下： 一、工作履历及专业背景 本人北京市君致律师事务所合伙人之一，武汉大学法学硕士，自 1998 年以 来一直在京从事法律事务工作，1998 年-2006 年 2 月先后就职于北京市中银律师 事务所、北京市华联律师事务所，2006 年 3 月至今就职于北京市君致律师事务 所，主要从事公司改制、股票发行上市等法律服务工作；2021 年 11 月至 2024 年 7 月担任北京清大天达光电科技股份有限公司独立董事；2024 年 8 月至今，担任 公司独立董事。 一、独立性情况 在担任公司独立董事期间，本人任职符合《上市公司独立董事管理办法》第 六条规定 ...

北京北摩高科摩擦材料股份有限公司 三、出席会议情况 （赵彦彬） 各位股东及股东代表： 本人（赵彦彬）作为北京北摩高科摩擦材料股份有限公司的独立董事，严格 按照《公司法》、《北京北摩高科摩擦材料股份有限公司公司章程》（以下简称"《公 司章程》"）、《北京北摩高科摩擦材料股份有限公司独立董事工作制度》等有关规 定，勤勉尽责、充分发挥独立董事的独立性、专业性作用，有效维护了公司整体 利益和全体股东，尤其是中小股东的合法权益。2024 年度具体履职情况报告如 下： 一、工作履历及专业背景 本人 1972 年出生，中国国籍，无境外永久居留权，本科学历，1995 年 7 月 至 1998 年 10 月，任北京市房屋经营管理公司助理经济师，1998 年至 2009 年， 历任北京市中银律师事务所、北京市众鑫律师事务所、北京市尚元律师事务所律 师、合伙人；2009 年 9 月至今，担任北京市君致律师事务所律师、合伙人；2017 年 8 月至今，担任焦作科瑞森重装股份有限公司独立董事；2018 年 7 月至 2024 年 7 月，担任公司独立董事。 二、独立性情况 在担任公司独立董事期间，本人任职符合《上市公司独立董事管理办法 ...

北京北摩高科摩擦材料股份有限公司 2024 年度独立董事述职报告 （姜晓东） 各位股东及股东代表： 本人（姜晓东）作为北京北摩高科摩擦材料股份有限公司的独立董事，严格 按照《公司法》、《北京北摩高科摩擦材料股份有限公司公司章程》（以下简称"《公 司章程》"）、《北京北摩高科摩擦材料股份有限公司独立董事工作制度》等有关规 定，勤勉尽责、充分发挥独立董事的独立性、专业性作用，有效维护了公司整体 利益和全体股东，尤其是中小股东的合法权益。2024 年度具体履职情况报告如 下： 一、工作履历及专业背景 本人民进会员，大学学历。中国注册会计师、中国注册税务师、高级会计师， 具有独立董事资格。1993 年 9 月至 1997 年 5 月在山东淄博市燃料公司财务处任 主管会计；1997 年 6 月至 2000 年 1 月在淄博市鲁中审计师事务所从事审计工 作；2000 年 2 月至 2005 年 10 月在山东启新会计师事务所担任部门经理；2005 年 11 月至今在信永中和会计师事务所工作，先后任审计员、项目经理、审计经 理、高级经理、审计合伙人。2020 年 12 月至今担任芜湖佳宏新材料股份有限公 司独立董事；202 ...

根据公司在任独立董事姜晓东先生、邓文胜先生及季学武先生的任职经历以 及其签署的《关于独立董事独立性情况的自查报告》，均能够胜任独立董事的职 责要求，其未在公司担任除独立董事以外的任何职务，也未在公司主要股东公司 担任任何职务，与公司以及主要股东之间不存在妨碍我们进行独立客观判断的关 系，不存在影响独立董事独立性的情况，公司独立董事符合《上市公司独立董事 管理办法》《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》等法律法规、规范性文件中关于独立董事的任职资格及独立性的相关要 求。 关于对独立董事 2024 年度独立性情况进行评估的专项意见 2025 年 4 月 24 日 根据《上市公司独立董事管理办法》《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》《公司章程》《独立董事工作制度》等相关 规定，北京北摩高科摩擦材料股份有限公司董事会，就公司在任独立董事姜晓东、 邓文胜、季学武的独立性情况进行评估并出具如下专项意见： 北京北摩高科摩擦材料股份有限公司董事会 北京北摩高科摩擦材料股份有限公司董事会 ...

北京北摩高科摩擦材料股份有限公司 2024 年度独立董事述职报告 （季学武） 各位股东及股东代表： 本人（季学武）作为北京北摩高科摩擦材料股份有限公司的独立董事，严格 按照《公司法》、《北京北摩高科摩擦材料股份有限公司公司章程》（以下简称"《公 司章程》"）、《北京北摩高科摩擦材料股份有限公司独立董事工作制度》等有关规 定，勤勉尽责、充分发挥独立董事的独立性、专业性作用，有效维护了公司整体 利益和全体股东，尤其是中小股东的合法权益。2024 年度具体履职情况报告如 下： 一、工作履历及专业背景 本人 1964 年出生，中国国籍，无境外永久居留权，博士后，1997 年至今任 职于清华大学，现任清华大学车辆与运载学院教授，于 2002 年至 2003 年作为访 问学者在美国加州大学圣迭戈分校进修，2021 年 2 月至今，担任银川威力传动 技术股份有限公司独立董事；2022 年 6 月至今，担任公司独立董事。 一、独立性情况 在担任公司独立董事期间，本人任职符合《上市公司独立董事管理办法》第 六条规定的独立性要求，不存在影响独立性的情况。 二、出席会议情况 2024 年度，公司共计召开了 3 次股东大会和 6 次 ...

Revenue and Profit - The company's revenue for Q1 2025 was ¥262,293,224.18, representing a 9.27% increase compared to ¥240,048,930.35 in the same period last year[5] - Net profit attributable to shareholders decreased by 26.72% to ¥53,795,904.23 from ¥73,411,283.08 year-on-year[5] - Basic and diluted earnings per share both decreased by 27.27% to ¥0.16 from ¥0.22 in the same period last year[5] - Net profit for the current period was ¥56,556,441.22, a decrease of 37.0% from ¥89,641,844.00 in the previous period[18] - The company's operating profit decreased to ¥67,082,183.86, down 35.7% from ¥104,454,123.12 in the previous period[17] Cash Flow - The net cash flow from operating activities improved significantly, reaching ¥120,767,939.73, a 296.90% increase from a negative cash flow of -¥61,335,195.72 in the previous year[5] - Cash inflow from operating activities totaled ¥199,192,483.10, compared to ¥128,156,403.41 in the previous period, reflecting a significant increase[20] - The net cash flow from operating activities was 120,767,939.73, compared to a negative cash flow of -61,335,195.72 in the previous period[21] - Cash outflows from operating activities totaled 78,424,543.37, while the previous period's outflows were 189,491,599.13[21] - The company reported a net cash outflow for purchasing goods and services of ¥26,339,565.28, compared to ¥116,851,452.96 in the previous period, indicating improved cash management[20] Assets and Liabilities - Total assets at the end of the reporting period were ¥3,928,496,729.95, down 2.79% from ¥4,041,340,662.72 at the end of the previous year[5] - Total current assets decreased from 3,066,516,393.92 CNY to 2,941,205,714.21 CNY, a reduction of approximately 4.1%[13] - Total liabilities decreased from 1,000,000,000 CNY to 950,000,000 CNY, a reduction of 5%[14] - The total liabilities decreased to ¥1,307,421,260.05 from ¥1,476,944,203.18 in the previous period, indicating a reduction in financial obligations[15] - The total equity increased to ¥2,621,075,469.90 from ¥2,564,396,459.54 in the previous period, showing growth in shareholder value[15] Operating Costs and Expenses - The company reported a 33.96% increase in operating costs, amounting to ¥120,158,427.16, due to a shift in product sales towards lower-margin items[7] - Total operating costs increased to ¥172,757,856.09, up 29.4% from ¥133,450,522.89 in the previous period[16] - Research and development expenses rose significantly by 30.83% to ¥25,756,211.37, reflecting increased investment in R&D projects[7] - Research and development expenses rose to ¥25,756,211.37, an increase of 30.8% compared to ¥19,686,975.67 in the previous period[17] Shareholder Information - Total number of common shareholders at the end of the reporting period is 32,963[10] - The largest shareholder, Wang Shumin, holds 36.32% of shares, totaling 120,516,631 shares[10] - The company has no preferred shareholders or significant changes in shareholder financing activities reported[12] Inventory and Procurement - The company experienced a 77.46% decrease in cash paid for purchasing goods and services, amounting to ¥26,339,565.28, due to reduced procurement activities[7] - The company reported a significant increase in inventory, which slightly decreased from 889,627,940.50 CNY to 887,474,888.16 CNY, a negligible change[14] Cash and Cash Equivalents - Cash and cash equivalents decreased from 404,992,589.01 CNY to 316,871,934.58 CNY, a decline of about 21.7%[13] - The ending cash and cash equivalents balance was 316,871,934.58, down from 345,995,614.07 in the previous period[21] Audit and Reporting - The company did not undergo an audit for the first quarter report[23] - The company did not report any significant non-recurring gains or losses during the period[6] Market Strategy - The company is focusing on expanding its market presence and developing new technologies, although specific figures were not disclosed in the call[12]

Financial Performance - The company's operating revenue for 2024 was ¥537,899,353.73, a decrease of 43.62% compared to ¥954,016,301.63 in 2023[19] - The net profit attributable to shareholders for 2024 was ¥16,154,211.77, down 92.57% from ¥217,431,178.89 in 2023[19] - The net profit after deducting non-recurring gains and losses was ¥6,156,135.22, a decline of 97.05% from ¥208,948,387.28 in 2023[19] - The basic earnings per share for 2024 was ¥0.05, a decrease of 92.42% compared to ¥0.66 in 2023[19] - The total assets at the end of 2024 were ¥4,041,340,662.72, down 11.68% from ¥4,575,915,430.84 at the end of 2023[19] - The net assets attributable to shareholders decreased by 21.63% to ¥2,496,442,683.84 from ¥3,185,301,831.27 in 2023[19] - The cash flow from operating activities for 2024 was ¥184,515,302.06, a decrease of 8.03% compared to ¥200,619,446.25 in 2023[19] - The company reported a weighted average return on equity of 0.62% for 2024, down from 7.08% in 2023[19] - The company experienced a significant decline in performance, with all key financial metrics showing negative growth compared to the previous year[19] Government Support and Market Outlook - In 2024, the company reported a government subsidy of 8,563,737.09, a decrease of 26.5% from 2023's 11,634,184.94[25] - China's defense spending is projected to reach 1,784.665 billion in 2025, reflecting a 7.2% increase, indicating strong government support for the defense industry[29] - The company is positioned to benefit from the growing demand in the military aviation sector, with China's military aircraft count at 3,304, ranking third globally[31] - The civil aviation sector is recovering, with a 17.9% year-on-year increase in passenger transport, reaching 730 million in 2024[32] Product Development and Innovation - The company has achieved a significant transformation from a parts supplier to a system supplier and overall solution provider in the military and civil aviation sectors[37] - The company has developed proprietary carbon/carbon composite material preparation technology, significantly improving the oxidation resistance of high-load aircraft brake discs[38] - The all-electric brake control system has achieved over 90% braking efficiency and has been applied in aerospace high-altitude vehicles, addressing traditional hydraulic brake oil leakage issues[41] - The company plans to expand its testing and inspection capabilities by enhancing technical development in microwave devices and electromagnetic compatibility by 2025[43] - The company has transitioned from a component supplier to a system-level supplier, enhancing its integrated capabilities in landing gear systems[63] - The company has signed a technical agreement in December 2020, marking a significant step in its product development strategy[88] Revenue Breakdown - Military products accounted for 88.00% of total revenue in 2024, generating CNY 473.34 million, a decrease of 35.55% year-on-year[74] - Revenue from the aircraft brake control system and wheels was 163 million yuan, a decline of 60.60% year-on-year, with successful trials for several new aircraft models[69] - Revenue from the landing gear system increased significantly by 1766.18% year-on-year, reaching 83.62 million yuan, with successful certification and production for multiple aircraft types[70] Research and Development - The company has established partnerships with top universities to attract high-end technical talent, enhancing its research and development capabilities[65] - The company has filed for 15 new patents in the last quarter, reflecting its commitment to innovation and technology advancement[141] - R&D investment decreased by 32.78% from ¥85,693,817.69 in 2023 to ¥57,603,921.26 in 2024, while the ratio of R&D investment to operating revenue increased from 8.98% to 10.71%[89] Management and Governance - The company experienced a significant management turnover, with multiple senior executives resigning or being appointed in 2024[132] - The company aims to maintain a strong governance structure with the recent appointments and changes in the board of directors and management team[132] - The company is committed to ensuring a smooth transition during the management changes to maintain operational stability[132] Employee and Talent Management - The company has a total of 906 employees, with 602 in production, 52 in sales, 161 in technical roles, 28 in finance, and 63 in administration[158] - The company emphasizes training and development for employees, implementing tailored training programs based on individual and job needs[161] - The company has established a comprehensive salary management system and long-term incentive plans to attract and retain talent[160] Financial Management and Controls - The company has a robust internal control system, ensuring compliance with laws and regulations, and a clear governance structure[166] - The internal control evaluation report indicates that 94.07% of the total assets and 91.84% of the total revenue of the consolidated financial statements are included in the evaluation scope[188] - The company has implemented a strict external investment management system to control investment risks and ensure compliance with decision-making protocols[185] Shareholder Engagement - The company plans to distribute a cash dividend of 0.23 yuan per 10 shares, totaling 7,632,632.80 yuan, which represents 47.25% of the net profit attributable to shareholders for the year 2024[162] - The company held 3 shareholder meetings, 6 board meetings, and 6 special committee meetings in 2024, ensuring active communication with investors[195] - The company actively engages with investors through various channels, ensuring transparency and fairness in information dissemination[195]

Financial Performance Expectations - The company expects a net profit attributable to shareholders of between RMB 15 million and RMB 22 million for 2024, representing a decline of 89.88% to 93.10% compared to RMB 217.43 million in the previous year[3]. - The net profit after deducting non-recurring gains and losses is projected to be between RMB 5.47 million and RMB 12.47 million, down 94.03% to 97.38% from RMB 208.95 million last year[3]. - Basic earnings per share are estimated to be between RMB 0.05 and RMB 0.07, a significant decrease from RMB 0.66 per share in the previous year[3]. Revenue and Profitability Challenges - The decline in revenue is attributed to delays in contract signing and pricing, which affected the recognition of income during the reporting period[6]. - The product mix has shifted, with a higher proportion of lower-margin products impacting overall profitability[6]. - The company is experiencing slower collection of accounts receivable due to industry factors, despite improved collections in the fourth quarter[6]. Financial Reporting - The preliminary financial data provided is subject to change and will be finalized in the 2024 annual report[7].

Investment Rating - The report maintains a "Buy" rating for the company, citing its leadership in high-end braking products and positive market expansion progress [4] Core Views - The company's revenue and net profit declined significantly in 24Q1-Q3, with revenue down 38.24% YoY to 483 million yuan and net profit down 76.10% YoY to 83.25 million yuan [1] - Revenue recognition was impacted by customer acceptance delays and product price negotiations, with inventory reaching a 5-year high of 873 million yuan by 24Q3 [1] - Despite short-term challenges, the company made significant progress in market expansion, particularly in landing gear and brake systems [3] Financial Performance - Gross margin and net margin decreased to 57.54% and 20.94% respectively in 24Q1-Q3, down 8.33pts and 29.46pts YoY [2] - Operating expenses increased, with R&D expense ratio rising 6.53pts to 14.25% [2] - Credit impairment losses of 16.68 million yuan affected net profit margin [2] Business Development - The company completed certification for certain landing gear models and achieved breakthroughs in UAV landing gear processing and testing [3] - Brake disc business secured PMA certification for a civil aircraft model and expanded customer base [3] - Brake control systems and wheels successfully passed tests and expanded to more models [3] Valuation and Forecast - Adjusted 24-26 net profit forecasts to 95 million, 188 million, and 355 million yuan respectively [4] - Current PE ratios stand at 81x, 41x, and 22x for 24-26 [4] - EPS projections for 24-26 are 0.29, 0.57, and 1.07 yuan [4] Market Data - Current share price: 23.23 yuan [6] - Total market capitalization: 7.709 billion yuan [6] - 3-month turnover rate: 74.52% [6] - 1-year price range: 16.67-39.17 yuan [6]