证券代码：003038 证券简称：鑫铂股份 公告编号：2024-127 安徽鑫铂铝业股份有限公司 关于公司为子公司向银行申请授信额度提供最高额担保 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。 重要内容提示： ●被担保人名称：安徽鑫铂科技有限公司（以下简称"鑫铂科技"）。 ●本次新增担保金额合计人民币2,300万元。截至本公告披露日，安徽鑫铂 铝业股份有限公司（以下简称"公司"）对子公司鑫铂科技担保余额为 89,299.50万元；公司对所有子公司担保余额为226,439.69万元。本次担保事项发 生前公司对子公司鑫铂科技担保余额为86,999.50万元；公司对所有子公司担保 余额为224,139.69万元。 ●无逾期对外担保。 ●本次担保属于股东大会授权范围内的担保事项。 一、担保情况概述 1、公司分别于2024年3月14日召开第三届董事会第六次会议及第三届监事 会第五次会议、2024年4月1日召开2024年第二次临时股东大会审议通过了《关 于公司对子公司提供担保额度的议案》，同意根据子公司的业务发展和市场开 拓情况，公司拟向纳入合并报表范围内的子公 ...

证券代码：003038 证券简称：鑫铂股份 公告编号：2024-126 安徽鑫铂铝业股份有限公司 鉴于激励对象获授的限制性股票完成股份登记后，公司相继实施了 2022 年 度、2023 年年度权益分派，其中 2022 年度以公司现有总股本 147,622,137 股为 基数，向全体股东每 10 股派 2.00 元人民币现金（含税）；2023 年度以公司现有 总股本 177,121,061.00 股为基数，向全体股东每 10 股派 4.00 元人民币现金（含 税）, 以资本公积金向全体股东每 10 股转增 4.000000 股（合计以资本公积金向 全体股东转增 70,848,424 股）。截至本公告披露日，公司已完成 2022 年度和 2023 年度权益分派事宜。 综上，公司对本次限制性股票回购价格进行相应调整，根据本次激励计划的 规定及公司 2022 年第二次临时股东大会的授权，本激励计划回购价格由 24.34 元/股和同期银行利息之和调整为(24.34 元/股-0.2 元/股-0.4 元/股)÷(1＋ 40%)≈16.96 元/股（四舍五入）和同期银行利息之和。 ●本次注销股份的有关情况：本次回购注销的限制 ...

Group 1: Financial Performance - In the first half of 2024, the company achieved operating revenue of 4.167 billion CNY, a year-on-year increase of 47.78% [2] - Net profit for the same period was 152 million CNY, reflecting a growth of 18.88% [3] - The company's non-recurring net profit was 132 million CNY, up by 20.64% year-on-year [3] - Total shipment volume reached 186,000 tons, with approximately 90% from the photovoltaic sector, marking a 49.98% increase year-on-year [3] Group 2: Industry Trends and Strategic Adjustments - The photovoltaic industry is experiencing demand growth, but the growth rate is slowing down [3] - The company has adjusted its strategy by developing a new generation of aluminum frame materials for photovoltaic applications, aiming to reduce costs while enhancing performance [3] - The new aluminum frame project is set to commence construction in October, with expected production capacity to be achieved in the second half of next year, enhancing market competitiveness [3] Group 3: Sector Developments - The new energy vehicle sector is currently ramping up production capacity, but the pace is slower than expected due to long lead times for main engine manufacturers [3] - The company is actively working to improve product introduction for existing clients and expand its customer base, while also promoting energy storage product development [3] - As of June 2024, the first phase of the recycled aluminum project, with an annual production capacity of 200,000 tons, has been put into operation, focusing on 100% recycling and upgrading technology [3] Group 4: Shareholder Communication - Following the non-public offering release in 2023, the company will continue to strengthen communication with shareholders and comply with legal disclosure obligations [4]

证券代码：003038 证券简称：鑫铂股份 公告编号：2024-125 安徽鑫铂铝业股份有限公司 关于公司为子公司向银行申请授信额度提供最高额担保 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。 重要内容提示： ●被担保人名称：安徽鑫铂科技有限公司（以下简称"鑫铂科技"）、安徽 鑫铂光伏材料有限公司（以下简称"鑫铂光伏"）。 ●本次新增担保金额合计人民币7,750万元。截至本公告披露日，安徽鑫铂 铝业股份有限公司（以下简称"公司"）对子公司鑫铂科技担保余额为 88,999.50万元、对鑫铂光伏担保余额为80,480.00万元；公司对所有子公司担保 余额为227,139.69万元。本次担保事项发生前公司对子公司鑫铂科技担保余额为 86,249.50万元、对鑫铂光伏担保余额为75,480.00万元；公司对所有子公司担保 余额为219,389.69万元。 ●无逾期对外担保。 ●本次担保属于股东大会授权范围内的担保事项。 一、担保情况概述 1、公司分别于2024年3月14日召开第三届董事会第六次会议及第三届监事 会第五次会议、2024年4月1日召开2024年第 ...

证券代码：003038 证券简称：鑫铂股份 公告编号：2024-124 安徽鑫铂铝业股份有限公司 关于公司为子公司向银行申请授信额度提供最高额担保 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。 重要内容提示： ●被担保人名称：安徽鑫铂光伏材料有限公司（以下简称"鑫铂光伏"） ●本次新增担保金额合计人民币4,000万元。截至本公告披露日，安徽鑫铂 铝业股份有限公司（以下简称"公司"）对子公司鑫铂光伏担保余额为 76,480.00万元；公司对所有子公司担保余额为223,069.69万元。本次担保事项发 生前公司对子公司鑫铂光伏担保余额为72,480.00万元；公司对所有子公司担保 余额为219,069.69万元。 ●无逾期对外担保。 ●本次担保属于股东大会授权范围内的担保事项。 一、担保情况概述 （1）公司分别于2024年3月14日召开第三届董事会第六次会议及第三届监 事会第五次会议、2024年4月1日召开2024年第二次临时股东大会审议通过了 《关于公司对子公司提供担保额度的议案》，同意根据子公司的业务发展和市 场开拓情况，公司拟向纳入合并报表范围内的 ...

证券代码：003038 证券简称：鑫铂股份 公告编号：2024-123 安徽鑫铂铝业股份有限公司 关于回购股份注销实施完成暨股份变动情况的公告 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。 特别提示： 安徽鑫铂铝业股份有限公司（以下简称"公司"）通过股份回购专用证券账 户，共回购3,261,100股，约占公司总股本的1.31%。公司已于2024年9月12日在中 国证券登记结算有限责任公司深圳分公司办理完毕上述3,261,100股回购股份的 注销手续。本次回购股份注销完成前，公司总股本为249,278,485股，本次回购股 份注销完成后，公司总股本为246,017,385股。 公司因实施注销回购股份导致公司总股本、无限售条件流通股数量发生变 化，根据《中华人民共和国公司法》《深圳证券交易所上市公司自律监管指引第 9号——回购股份（2023年修订）》等相关法律法规规定，现就公司本次回购股 份注销完成的具体情况公告如下： 一、回购股份的审批程序和实施情况 1、公司于2024年2月6日召开第三届董事会第五次会议审议通过了《关于以 集中竞价交易方式回购公司股份方案的议 ...

证券代码：003038 证券简称：鑫铂股份 公告编号：2024-121 安徽鑫铂铝业股份有限公司 关于公司股份回购实施完成暨股份变动情况的公告 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。 安徽鑫铂铝业股份有限公司（以下简称"公司"）于2024年2月6日召开第三 届董事会第五次会议审议通过了《关于以集中竞价交易方式回购公司股份方案的 议案》，同意公司拟使用自有资金或自筹资金以集中竞价交易方式回购部分公司 股份用于公司股权激励或员工持股计划。本次回购的资金总额不低于人民币 5,000万元且不超过人民币8,000万元，回购价格不超过人民币49.605元/股（含）， 不超过董事会通过回购股份决议前30个交易日公司股票交易均价的150%，具体 回购数量以回购期限届满时实际回购的股份数量为准，回购期限为自公司董事会 审议通过回购股份方案之日起12个月内。具体内容详见公司于2024年2月7日披露 的《关于以集中竞价交易方式回购公司股份方案的公告》（公告编号：2024-018）。 2023年年度权益分派实施后，公司按照相关规定对回购股份价格上限进行相 应调整，自股价除权除 ...

证券代码：003038 证券简称：鑫铂股份 公告编号：2024-122 安徽鑫铂铝业股份有限公司 关于回购注销公司股份减少注册资本暨 通知债权人的公告 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。 一、通知债权人原因 1、安徽鑫铂铝业股份有限公司（以下简称"公司"或"本公司"）于 2024 年 6 月 16 日召开第三届董事会第十二次会议及第三届监事会第十一次会议，于 2024 年 7 月 3 日召开 2024 年第五次临时股东大会，审议通过了《关于变更回购 股份用途并注销的议案》，回购用途由原方案"本次回购股份用于后续实施股权 激励或员工持股计划"变更为"本次实际回购的股份用于注销并减少注册资本"。 具体内容详见公司于 2024 年 6 月 18 日在巨潮资讯网(http://www.cninfo.com.cn) 上发布的《关于变更回购股份用途并注销的公告》（公告编号：2024-082）。 截至 2024 年 9 月 2 日，公司本次回购股份方案已实施完毕。公司根据实际 情况，对已回购股份的用途进行变更，由原方案"本次回购股份用于后续实施股 权激励或员工持 ...

Financial Performance - In the first half of 2024, the company achieved a revenue of 4.167 billion yuan, representing a year-on-year growth of 47.78% [2] - The net profit for the same period was 152 million yuan, with a year-on-year increase of 18.88% [2] - The non-recurring net profit was 132 million yuan, reflecting a growth of 20.64% year-on-year [2] - Total shipment volume reached 186,000 tons, with approximately 90% attributed to the photovoltaic sector, marking a year-on-year increase of 49.98% [2] Business Development - The company is in the ramp-up phase for its new energy vehicle segment, which is currently operating at a loss but has secured orders from leading manufacturers [2] - The first phase of the 600,000 tons per year recycled aluminum project began production in Q2 2024, with capacity gradually increasing [3] - The company has repurchased approximately 65 million yuan worth of shares, now intended for cancellation to enhance earnings per share [3] Market Strategy - The company plans to enhance production capacity and technology in the photovoltaic aluminum frame sector, targeting growth in Southeast Asia [3] - A significant project worth approximately 808 million yuan has been secured, with a lifecycle of five years [3] - The company is focusing on developing high-performance alternative products in the photovoltaic sector to reduce material usage [3] Accounts Receivable Management - The company has maintained a low proportion of accounts receivable over six months in its photovoltaic business [4] - Strict internal regulations will be enforced for accounts receivable management in the second half of the year [4] Production Capacity and Future Plans - The overall production capacity is estimated to be between 400,000 to 450,000 tons, with plans for a new generation aluminum frame capacity of 150,000 tons [5] - The Malaysian project is planned for 70,000 tons of aluminum frame and new energy vehicle components, with a completion target by Q3 next year [6] - The new aluminum frame project is expected to reduce material usage by 7% to 8% while increasing processing costs by approximately 1,000 to 1,200 yuan [5] Profitability Outlook - The new energy vehicle segment is expected to achieve breakeven or profitability by September 2024, with capacity utilization projected to reach 40%-50% in Q4 2024 [6] - The company anticipates a significant increase in component production in the second half of the year, with Q4 production expected to exceed Q3 levels [4]

Investment Rating - The report maintains a "Buy" rating for Xinbo Co Ltd (003038) with a target price of 16.61 RMB for the next 6 months [1] Core Views - Xinbo Co Ltd achieved robust growth in Q2 2024, with revenue reaching 4.167 billion RMB, a YoY increase of 47.78%, and net profit attributable to shareholders of 152 million RMB, up 18.88% YoY [1] - The company's new energy photovoltaic business generated 3.687 billion RMB in revenue, a 59.83% YoY increase, despite margin pressure due to declining downstream component prices [1] - The automotive lightweighting business and recycled aluminum projects are still in the ramp-up phase, contributing to temporary losses, but are expected to turn profitable in the second half of 2024 [1] - The company has developed a new generation of lightweight aluminum alloy frames, which are expected to reduce costs and improve profitability [1] Financial Performance Revenue and Profit - In H1 2024, Xinbo Co Ltd reported revenue of 4.167 billion RMB, a 47.78% YoY increase, and net profit of 152 million RMB, up 18.88% YoY [1] - Q2 2024 revenue was 2.399 billion RMB, a 52.25% YoY increase, with net profit of 111 million RMB, up 9.13% YoY [1] Segment Performance - New energy photovoltaic business: Revenue of 3.687 billion RMB in H1 2024, a 59.83% YoY increase, with a gross margin of 8.83%, down 3.44 percentage points YoY [1] - Automotive lightweighting business: Revenue of 136 million RMB in H1 2024, a 284.89% YoY increase, but with a negative gross margin of -6.80% due to high initial production costs [1] - Recycled aluminum project: The first phase of the 600,000-ton recycled aluminum project was completed in March 2024, with a total fixed asset investment of 256 million RMB, contributing to temporary losses [1] Profitability and Valuation - The company's gross margin in Q2 2024 was at a historical low, but further declines are expected to be limited [1] - The report forecasts net profit attributable to shareholders of 310 million RMB, 450 million RMB, and 640 million RMB for 2024, 2025, and 2026, respectively, with corresponding P/E ratios of 10.5x, 7.1x, and 5.0x [1][2] Strategic Initiatives - Xinbo Co Ltd is expanding its aluminum frame production capacity in Southeast Asia and developing a new generation of lightweight aluminum alloy frames to reduce costs and improve profitability [1] - The company's 600,000-ton recycled aluminum project is expected to reduce costs by 400-500 RMB per ton, enhancing profitability and ensuring supply chain stability [1] Industry Comparison - The report compares Xinbo Co Ltd with three peers in the photovoltaic materials industry, with an average P/E ratio of 13.5x for 2024, supporting the target price of 16.61 RMB [6][7]