| --- | --- | --- | --- | --- | |----------------------------------------------------------------------------------------------------------------------|------------------|-----------------------------------------|------------------------------------------|--------------------------------------------| | 2024 年 10 月 09 日 \n鼎龙股份（ 300054.SZ ） \n24Q3 业绩环比稳中有增，多款产品进展符合预期 \n投资要点 | 投资评级 \n股价 | (2024-10-09) | 公司研究●证券研究报告 \n基础化工 \| 买入 | 公司快报 \n电子化学品Ⅲ -A(维持) \n28.92 元 | | 24Q3 归母净利润稳中有增，半导体相关细分领域表现亮眼。 2024 年前三季度，公 | 交 ...

证券代码：300054 证券简称：鼎龙股份 公告编号：2024-072 湖北鼎龙控股股份有限公司 关于控股股东部分股份质押延期购回及质押的公告 本公司及董事会全体人员保证信息披露的内容真实、准确和完 整，没有虚假记载、误导性陈述或者重大遗漏。 湖北鼎龙控股股份有限公司（以下简称"公司"）于近日收到本公司控股股 东、共同实际控制人之一--朱顺全先生的函告，获悉朱顺全先生所持有本公司的 部分股份办理了质押延期购回及质押的业务，具体事项如下： 备注：本次质押股份不属于补充质押，不存在被用作重大资产重组业绩补偿等事项的担保或其他保障用途 的情形。 三、控股股东股份累计质押的情况 截至本公告披露日，公司控股股东朱顺全先生及其一致行动人所持质押股份 情况如下： | | | | | | | | 已质押股份 | | 未质押股份 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | | | | | 情况 | | 情况 | | | | | | 本次质 | 本次质 | 占其 | 占公 | 已质押 | | | | | 股东 | ...

证券代码：300054 证券简称：鼎龙股份 公告编号：2024-071 湖北鼎龙控股股份有限公司 公司作为国内唯一一家全面掌握抛光垫全流程核心研发和制造技术的 CMP 抛光垫国产供应商，产品深度渗透国内主流晶圆厂客户，渗透程度随订单增长稳 步加深，在国内市场的市占率水平也在不断提升中，CMP 抛光垫国产供应龙头 地位持续巩固。 目前，公司具备武汉年产 40 万片硬垫及潜江年产 20 万片软垫及抛光垫配套 缓冲垫的现有产能条件。同时，公司已启动武汉硬垫产线的产能扩充计划，预计 将于 2025 年第一季度完成月产 4 万片（即年产 48 万片）的达产。此外，公司适 当增加设备投入和 9 个月左右时间，可将其产能进一步提升至月产 5 万片（即年 产 60 万片）的产能条件。后续，公司将视半导体下游产业规模及客户需求等变 化趋势、及该产品的销量情况，提前做好持续产能补充，为 CMP 抛光垫产品销 售持续增长提供坚实的产能基础。公司也将紧抓市场机遇，努力推动 CMP 抛光 垫业务持续稳健增长。 以上销量数据源自公司内部统计，未经审计，据此难以准确推算公司全年营 业收入、净利润等财务数据，仅供投资者及时了解公司日常经营概 ...

Investment Rating - The report maintains an "Outperform" rating for Dinglong Co., Ltd. (300054) [7] Core Views - The company is expected to achieve a net profit attributable to shareholders of 367-379 million yuan in Q3 2024, representing a year-on-year growth of 108%-115% [7] - The semiconductor materials business and integrated circuit chip design and application business generated approximately 1.089 billion yuan in revenue, an increase of 88% year-on-year, with revenue contribution rising from 32% in 2023 to 45% [7] - The company has launched a stock incentive plan, reflecting confidence in its future business development [7] Financial Performance Summary - For Q3 2024, the company anticipates a net profit of 149-161 million yuan, a year-on-year increase of 85%-100% and a quarter-on-quarter increase of 9%-18% [7] - The CMP polishing pad sales reached approximately 524 million yuan, with a year-on-year growth of 95% [7] - The company’s total revenue for 2024 is projected to be 3.393 billion yuan, with a year-on-year growth rate of 27.2% [8] Revenue and Profit Forecast - The forecast for net profit attributable to shareholders is adjusted to 516 million yuan for 2024, with projections of 666 million yuan and 965 million yuan for 2025 and 2026 respectively [8] - The expected earnings per share for 2024 is 0.55 yuan, increasing to 1.03 yuan by 2026 [8] - The gross margin is projected to be 41.8% in 2024, improving to 44.8% by 2026 [8]

Investment Rating - The report maintains a "Recommended" rating for the company [2][7]. Core Views - The company is expected to achieve a net profit attributable to shareholders of approximately 366.62 million to 378.95 million yuan for the first three quarters of 2024, representing a year-on-year growth of 108% to 115% [2][4]. - The optical semiconductor business continues to increase its revenue contribution, with an estimated revenue of about 1.089 billion yuan for this segment, reflecting a year-on-year growth of 88% and an increase in revenue share from 32% in 2023 to approximately 45% [4][5]. - The company has successfully broken the monopoly of foreign manufacturers in the CMP polishing pad market and is building a platform for semiconductor materials focused on import substitution [7]. Financial Summary - For the first three quarters of 2024, the company anticipates total revenue of approximately 2.41 billion yuan, with a net profit of 366.62 million to 378.95 million yuan, and a non-recurring net profit of 338.47 million to 350.81 million yuan, indicating a significant increase of 161% to 171% year-on-year [4][5]. - The third quarter of 2024 is projected to yield approximately 892 million yuan in revenue, with a quarter-on-quarter growth of 10% and a net profit of 149 million to 161 million yuan, reflecting a quarter-on-quarter increase of 9.6% to 18.4% [4][5]. - The company's financial forecasts for 2024 to 2026 indicate net profits of 524 million yuan, 741 million yuan, and 1.037 billion yuan respectively, with corresponding EPS of 0.56 yuan, 0.79 yuan, and 1.11 yuan [7][9]. Business Performance - The CMP polishing pad sales reached approximately 524 million yuan in the first three quarters of 2024, with a year-on-year growth of 95% [5]. - The sales of CMP polishing liquids and cleaning liquids totaled about 138 million yuan, marking a year-on-year increase of 186% [5]. - The semiconductor display materials segment achieved sales of approximately 282 million yuan, reflecting a year-on-year growth of 162% [5].

Financial Performance - The company expects net profit attributable to shareholders for the first three quarters of 2024 to be between RMB 366.17 million and RMB 378.95 million, representing an increase of 108% to 115% compared to the same period last year[3]. - For Q3 2024, the estimated net profit attributable to shareholders is projected to be between RMB 148.77 million and RMB 161.11 million, reflecting an increase of 85% to 100% year-over-year[3]. - The company achieved a total operating revenue of approximately RMB 2.41 billion for the first three quarters of 2024, with Q3 revenue around RMB 892 million, a 10% increase quarter-over-quarter[4]. Revenue Breakdown - The semiconductor materials and integrated circuit chip design and application business generated approximately RMB 1.09 billion in revenue, a year-over-year increase of 88%, accounting for about 45% of total revenue[4]. - CMP polishing pad sales reached approximately RMB 524 million, a 95% increase year-over-year, with Q3 sales of about RMB 226 million, up 39% quarter-over-quarter[4]. - The printing and copying consumables business is expected to achieve approximately RMB 1.32 billion in revenue, showing slight growth year-over-year[4]. Non-Recurring Items - The company expects non-recurring gains and losses for the reporting period to be around RMB 28.15 million, primarily from government subsidies[6]. - The impact of exchange rate fluctuations and stock incentive costs is estimated to reduce Q3 net profit attributable to shareholders by approximately RMB 15 million[5]. Business Focus and Outlook - The company is focusing on the semiconductor innovation materials sector, with rapid progress in advanced packaging materials and wafer photoresist products[4]. - The financial data presented is preliminary and has not been audited, with final figures to be confirmed in the Q3 report[6].

本公司及董事会全体人员保证信息披露的内容真实、准确和完 整，没有虚假记载、误导性陈述或者重大遗漏。 湖北鼎龙控股股份有限公司（以下简称"公司"）于近日收到本公司控股股 东、共同实际控制人之一--朱顺全先生的函告，获悉朱顺全先生所持有本公司的 部分股份办理了解除质押的业务，具体事项如下： 备注：朱顺全先生于 2023 年 10 月 9 日质押的 685 万股，其中 111 万股解除质押，剩余 574 万股仍在质押 中。 二、控股股东股份累计质押的情况 截至本公告披露日，公司控股股东朱顺全先生及其一致行动人所持质押股份 情况如下： | 已质押股份 | 未质押股份 | 情况 | 情况 | | | | | | | | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 本次解 | 本次解 | 占其 | 占公 | 已质押 | 持股 | 除质押 | 除质押 | 未质押 | | | | | | | | | | ...

鼎龙股份向不特定对象发行可转债申请文件 发行保荐书 招商证券股份有限公司 关于湖北鼎龙控股股份有限公司 向不特定对象发行可转换公司债券 之 发 行 保 荐 书 保荐机构（主承销商） CMS @ 招商证券 住所: 深圳市福田区福田街道福华一路 111 号 3-1-1 鼎龙股份向不特定对象发行可转债申请文件 发行保荐书 声 明 招商证券股份有限公司（以下简称"招商证券"或"保荐机构"）接受湖北 鼎龙控股股份有限公司（以下简称"发行人"、"公司"或"鼎龙股份"）的委托， 担任发行人本次向不特定对象发行可转换公司债券（以下简称"本次发行"）的 保荐机构，李莎和刘海燕作为本保荐机构具体负责推荐的保荐代表人，特此出具 本项目发行保荐书。 本保荐机构及保荐代表人根据《中华人民共和国公司法》《中华人民共和国 证券法》《上市公司证券发行注册管理办法》《证券发行上市保荐业务管理办法》 等有关法律、行政法规和中国证券监督管理委员会的规定，诚实守信，勤勉尽责， 严格按照依法制订的业务规则、行业执业规范和道德准则出具本发行保荐书，并 保证所出具文件的真实性、准确性和完整性。 （本发行保荐书中所有简称和释义，如无特别说明，均与《湖北鼎龙 ...

鼎龙股份向不特定对象发行可转债申请文件 审核问询函的回复 股票简称：鼎龙股份 股票代码：300054 湖北鼎龙控股股份有限公司 与 招商证券股份有限公司 关于公司向不特定对象发行可转换公司债券 《审核问询函》 （审核函〔2024〕020022 号）的 回复 保荐机构（主承销商） 二零二四年九月 7-1-1 鼎龙股份向不特定对象发行可转债申请文件 审核问询函的回复 深圳证券交易所： 根据贵所于 2024 年 9 月 4 日出具的审核函〔2024〕020022 号《关于湖北鼎 龙控股股份有限公司申请向不特定对象发行可转换公司债券的审核问询函》（以 下简称"审核问询函"）的要求，湖北鼎龙控股股份有限公司（以下简称"公司"、 "发行人"、"鼎龙股份"）已会同招商证券股份有限公司（以下简称"招商证券" 或"保荐机构"）、湖南启元律师事务所（以下简称"启元律所"或"发行人律师"）、 立信会计师事务所（特殊普通合伙）（以下简称"立信所"或"申报会计师"）对 审核问询函的有关事项进行了认真核查与落实。现就审核问询函涉及问题的核查 和落实情况逐条说明如下（本回复报告中的简称与《募集说明书》中的简称具有 相同含义）： 7-1-2 ...

证券代码：300054 证券简称：鼎龙股份 公告编号：2024-068 公司收到审核问询函后，按照要求会同相关中介机构就审核问询函提出的问 题进行了认真研究和逐项落实，现根据相关要求对审核问询函回复进行公开披 露，具体内容详见公司于2024年9月26日在巨潮资讯网（www.cninfo.com.cn）披 露的《湖北鼎龙控股股份有限公司和招商证券股份有限公司关于公司向不特定对 象发行可转换公司债券审核问询函的回复（豁免版）》等相关文件，公司将按照 要求及时将书面回复材料报送深交所。 同时，鉴于公司于2024年8月20日披露了《2024年半年度报告》，公司会同 相关中介机构对募集说明书等申请文件中涉及的财务数据进行了更新，具体内容 详见公司于2024年9月26日在巨潮资讯网（www.cninfo.com.cn）披露的《湖北鼎 龙控股股份有限公司向不特定对象发行可转换公司债券募集说明书（申报稿）（更 新版）》等相关文件。 公司本次向不特定对象发行可转换公司债券事项尚需通过深交所审核，并获 得中国证券监督管理委员会（以下简称"中国证监会"）做出同意注册的决定后 方可实施，最终能否通过深交所审核，并获得中国证监会同意注 ...