[Table_Summary] 公司公布 2024 年年度报告，2024 年实现营业收入 62.68 亿元，同比下降 7.52%；归母净利润 2.34 亿元，同比下降 47.45%；扣非归母净利润 1.85 亿元，同比增长 2.00%。其中 2024 年第 四季度营业收入 13.01 亿元，同比下降 29.35%，环比下降 21.30%；归母净利润 0.56 亿元， 同比增长 34.38%，环比增长 49.31%；扣非归母净利润 0.35 亿元，同比下降 37.32%，环比下 降 9.50%。 分析师及联系人 [Table_Author] 丨证券研究报告丨 联合研究丨公司点评丨联泓新科（003022.SZ） [Table_Title] 四季度业绩保持稳定，新项目逐步投产 报告要点 魏凯 曹海花 侯彦飞 SAC：S0490520080009 SAC：S0490522030001 SAC：S0490521050002 SFC：BUT964 SFC：BVN517 请阅读最后评级说明和重要声明 %% %% %% %% research.95579.com 1 1、EVA 景气度不及预期；2、项目建设进度不及预期。 请 ...

最新一期业绩显示，2024年年报，公司实现营业收入62.68亿元，同比-7.52%；净利润2.34亿元，同 比-47.45%，销售毛利率16.50%。 序号股票简称PE(TTM)PE(静)市净率总市值(元)143联泓新科86.8886.882.81203.67亿行业平均 46.6752.642.9179.18亿行业中值35.2537.562.2240.54亿1宏柏新材-5649.9656.591.9036.77亿2北化股 份-2123.44103.452.0557.43亿3锦鸡股份-799.68233.992.1837.08亿4渝三峡A-629.54-66.141.8423.02亿5富 淼科技-335.93-335.931.2116.53亿6石大胜华-181.51389.641.8772.96亿7信德新材-140.3286.251.3235.62亿8 凯美特气-121.01-206.072.6352.78亿9ST联创-119.55323.672.1541.16亿10乐通股份-102.62613.9737.5022.31 亿11宝利国际-92.76-83.533.9537.32亿 来源：金融界 3月28日，联泓 ...

业绩简评 3 月 27 日公司发布 2024 年年报，2024 年实现营业收入 62.7 亿元，同降 7.5%；实现归母净利润 2.34 亿元，同降 47.5%；实现 扣非归母净利润 1.85 亿元，同增 2.0%。其中 Q4 实现营业收入 13.0 亿元，同降 29.4%、环降 21.3%，实现归母净利 0.56 亿元，同增 34.4%、环增 49.3%，实现扣非归母净利润 0.35 元，同降 37.3%、 环降 9.5%。非经常损益主要为政府补助。 经营分析 原材料自供降本，EVA 产品盈利水平维持高位。2024 年公司 EVA 产品销量 15.56 万吨，2024 年 1 月 9 万吨/年 VA 装置投产实 现了 EVA 装置的原料完全自给，进一步降低生产成本，在全年产 品均价同比下降 26%的背景下仍维持较高的盈利水平，全年 EVA 产 品毛利率达 30.12%。24Q4 起 EVA 价格开始上涨，截至 3 月底已较 底部上涨 16%以上，25Q2 光伏排产快速提升带动胶膜需求增长， 预计 EVA 价格及盈利有望持续修复。 多条新建装置顺利投产，新品放量积极开拓新市场。2024 年 公司多条新建装置顺 ...

Investment Rating - The report maintains a "Buy" rating for the company, indicating an expected price increase of over 15% in the next 6-12 months [5][11]. Core Insights - The company reported a revenue of 6.27 billion RMB in 2024, a decrease of 7.5% year-on-year, and a net profit attributable to shareholders of 234 million RMB, down 47.5% year-on-year. However, the non-recurring net profit increased by 2.0% to 185 million RMB [2]. - The company has successfully reduced production costs through self-supply of raw materials for EVA products, maintaining a high gross margin of 30.12% despite a 26% decline in average product prices [3]. - New production facilities have been successfully launched, and new products are being actively developed to expand into new markets, including successful supply to leading clients in the lithium battery industry [4]. Summary by Sections Performance Review - In Q4 2024, the company achieved a revenue of 1.3 billion RMB, a decline of 29.4% year-on-year and 21.3% quarter-on-quarter, while the net profit attributable to shareholders was 56 million RMB, an increase of 34.4% year-on-year and 49.3% quarter-on-quarter [2]. Operational Analysis - The company produced 155,600 tons of EVA products in 2024, with a new VA facility coming online in January 2024, allowing for complete self-supply of EVA raw materials [3]. - The EVA price has started to recover since Q4 2024, with a more than 16% increase from the bottom, and demand for EVA is expected to grow due to increased production in the photovoltaic sector [3]. Future Projects - Several new projects are expected to come online by 2025, including a 200,000 tons/year EVA facility and a 100,000 tons/year POE facility, which will enhance the company's competitiveness in new energy and biodegradable materials [4]. Profit Forecast and Valuation - The profit forecast for 2025-2026 has been adjusted to 280 million RMB and 590 million RMB, respectively, with a new forecast for 2027 set at 730 million RMB. The expected year-on-year growth rates for 2025-2027 are 20%, 110%, and 24% [5].

联泓新材料科技股份有限公司 2024 年度 审计报告 | 索引 | 项码 | | --- | --- | | 审计报告 | 1-4 | | 公司财务报表 | | | 合并资产负债表 | 1-2 | | 母公司资产负债表 | 3-4 | | 合并利润表 | 5 | | 母公司利润表 | 6 | | 合并现金流量表 | 7 | | 母公司现金流量表 | 8 | | 合并股东权益变动表 | 9-10 | | 母公司股东权益变动表 | 11-12 | | 财务报表附注 | 13-108 | 信永中和会计师事务所| 北京市东城区朝阳门北大街 8 号富华大厦 A 座 9 层 联系电话: telephone: +86 (010) 6554 2288 9/F. Block A. Fu H No 8 Chaovangmen Beidai Donachena District, Beill lic accountants 100027 P R China 审计报告 XYZH/2025BJAA11B0049 联泓新材料科技股份有限公司 联泓新材料科技股份有限公司全体股东: 一、审计意见 我们审计了联泓新材料科技股份有限公司(以下简 ...

中国国际金融股份有限公司 关于联泓新材料科技股份有限公司 2024 年度募集资金存放与使用情况的专项核查意见 中国国际金融股份有限公司（以下简称"中金公司"或"保荐机构"）作为 联泓新材料科技股份有限公司（以下简称"联泓新科"或"公司"）持续督导的 保荐机构，根据《证券发行上市保荐业务管理办法》《深圳证券交易所股票上市 规则》和《深圳证券交易所上市公司自律监管指引第 13 号——保荐业务》《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》等有关法 律法规和规范性文件的要求，中金公司及其指定保荐代表人对 2024 年度募集资 金存放与使用情况进行了专项核查，核查情况与意见如下： 一、募集资金投资项目的概述 （一）募集资金基本情况 根据中国证券监督管理委员会证监许可[2020]2690 号文《关于核准联泓新材 料科技股份有限公司首次公开发行股票的批复》，公司首次公开发行人民币普通 股（A 股）股票 14,736 万股，每股发行价格为人民币 11.46 元，共募集资金人民 币 1,688,745,600.00 元，扣除各项发行费用人民币 78,745,600.00 元后，实际募集 资金金额为 ...

内部控制审计报告 索引 内部控制审计报告 页码 1-2 联泓新材料科技股份有限公司 2024 年度 信永中和会计师事务所| 北京市东城区朝阳门北大街 8 号富华大厦 A 座 9 层 联系电话: telephone: blic accountants Donacheng District. 内部控制审计报告 XYZH/2025BJAA11B0048 联泓新材料科技股份有限公司 联泓新材料科技股份有限公司董事会: 按照《企业内部控制审计指引》及中国注册会计师执业准则的相关要求,我们审计 了联泓新材料科技股份有限公司(以下简称联泓新科)2024年12月31日财务报告内部 控制的有效性。 一、企业对内部控制的责任 按照《企业内部控制基本规范》、《企业内部控制应用指引》 、《企业内部控制评 价指引》的规定,建立健全和有效实施内部控制,并评价其有效性是联泓新科董事会的 责任。 二、注册会计师的责任 我们的责任是在实施审计工作的基础上,对财务报告内部控制的有效性发表审计意 见,并对注意到的非财务报告内部控制的重大缺陷进行披露。 三、内部控制的固有局限性 内部控制具有固有局限性,存在不能防止和发现错报的可能性。此外,由于情况 ...

Core Viewpoint - The company has announced its profit distribution plan for the year 2024, which includes a cash dividend of 0.60 yuan per 10 shares, totaling 80,134,080 yuan, while retaining the remaining profits for future distribution [1][2][3]. Profit Distribution Plan - The company achieved a net profit attributable to shareholders of 234,442,506.28 yuan for the year 2024, with a total distributable profit of 2,661,968,379.95 yuan after legal reserve deductions [1][2]. - The cash dividend distribution is based on a total share capital of 1,335,568,000 shares, with no stock dividends or capital reserve transfers planned [2][3]. - The total cash dividend for 2024 is significantly lower than previous years, with 106,845,440 yuan in 2023 and 267,113,600 yuan in 2022 [2]. Reasonableness of the Profit Distribution Plan - The company emphasizes its focus on developing new materials and sustainable practices, with ongoing projects in new energy materials and biodegradable materials [3]. - The profit distribution plan is aligned with the company's long-term development strategy and complies with relevant laws and regulations [3]. Review Procedures - The profit distribution plan has been reviewed and approved by both the board of directors and the supervisory board, and it will be submitted for approval at the 2024 annual shareholders' meeting [4].

联泓新材料科技股份有限公司监事会 关于公司 2024 年年度报告、2024 年度内部控制评价报告 的审核意见 根据《中华人民共和国公司法》、 经审核，我们认为：公司已经建立并完善了一系列的内部控制制度，形成了 规范的管理体系，各项内部控制制度符合国家有关法律、法规和监管规则的要求。 公司 2024 年度内部控制评价报告真实、客观地反映了公司目前内部控制体系建 设、内控制度执行和监督的实际情况。 （本页以下无正文） （本页无正文，为《联泓新材料科技股份有限公司监事会关于公司 2024 年年度 报告、2024 年度内部控制评价报告的审核意见》之签字页） 监事签字： 刘荣光 吴绍臣 周井军 下简称"《公司章程》"）等有关规定，我们作为联泓新材料科技股份有限公司（以 下简称"公司"）的监事，认真阅读相关会议资料和文件，本着谨慎性的原则， 基于独立判断的立场，对第三届监事会第四次会议审议的有关事项进行了审核， 现发表意见如下： 一、关于 2024 年年度报告的审核意见 经审核，我们认为：董事会编制和审议公司 2024 年年度报告的程序符合法 律、行政法规及中国证券监督管理委员会和深圳证券交易所关于上市公司定期报 告披露 ...

Core Viewpoint - The supervisory board of Lianhong New Materials Technology Co., Ltd. held its fourth meeting of the third session, where several key proposals were reviewed and approved, all requiring submission to the shareholders' meeting for further deliberation [1][2][3][4][5]. Group 1: Meeting Details - The meeting was held on March 26, 2025, with all three supervisory board members present, and was chaired by Liu Rongguang [1]. - The meeting complied with relevant laws and regulations, including the Company Law of the People's Republic of China and the company's articles of association [1]. Group 2: Resolutions Passed - The supervisory board approved the procedures for the preparation and review of the 2024 annual report, confirming that the report accurately reflects the company's actual situation without any false statements or omissions [2]. - The profit distribution plan was deemed compliant with laws and regulations, ensuring no harm to shareholders' interests, particularly minority shareholders [2]. - The internal control evaluation report for 2024 was approved, indicating that the company's internal control systems meet national legal and regulatory requirements [2]. - The use of raised funds was confirmed to comply with relevant regulations, with no violations in the use of these funds [3]. - The company confirmed that there were no non-operational fund occupations by controlling shareholders or related parties, and all guarantees provided were necessary for business development [3]. - The auditing firm, Xinyong Zhonghe Accounting Firm, was recognized for its diligence and quality in auditing the company's financial status and internal controls [4]. Group 3: Additional Proposals - Several proposals, including debt investment and other related matters, were approved and will be submitted to the shareholders' meeting for further consideration [5].