证券代码：300073 证券简称：当升科技 公告编号：2024-042 北京当升材料科技股份有限公司 北京当升材料科技股份有限公司 第五届董事会第二十七次会议决议公告 第五届董事会第二十七次会议决议公告 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。 北京当升材料科技股份有限公司（以下称"公司"）第五届董事会第二十七 次会议于 2024 年 4 月 12 日以通讯表决的方式召开。根据《公司章程》的规定， 经全体董事一致同意，本次会议豁免临时董事会提前通知时限的要求，会议通知 已于 2024 年 4 月 11 日以邮件的方式发出。本次会议应出席董事 9 名，实际出席 董事 9 名，公司董事长李建忠先生主持会议，公司监事及高级管理人员列席了本 次会议。本次会议的召集、召开程序符合《中华人民共和国公司法》和《公司章 程》的有关规定。 二、董事会会议审议情况 审议通过了《关于 2023 年年度股东大会取消董事会换届选举部分提案并增 加临时提案的议案》 一、董事会会议召开情况 公司董事会于 2024 年 3 月 28 日审议通过了《关于董事会换届选举暨提名第 六届董事会 ...

证券代码：300073 证券简称：当升科技 公告编号：2024-043 北京当升材料科技股份有限公司 关于 2023 年年度股东大会取消部分议案并增加临时提案的补充通知公告 北京当升材料科技股份有限公司 关于 2023 年年度股东大会取消部分议案并增加 临时提案的补充通知公告 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。 北京当升材料科技股份有限公司（以下称"当升科技"或"公司"）于2024 年3月30日在巨潮资讯网（www.cninfo.com.cn）上披露了《关于召开2023年年度 股东大会通知的公告》，公司原定于2024年4月19日召开2023年年度股东大会。 现因工作安排调整，公司2023年年度股东大会延期至2024年4月24日召开，具体 内容详见公司2024年4月11日披露于巨潮资讯网的《关于2023年年度股东大会的 延期公告》。 公司董事会于2024年3月28日审议通过了《关于董事会换届选举暨提名第六 届董事会非独立董事候选人的议案》，并同意提交公司2023年年度股东大会审议。 由于公司第六届董事会部分非独立董事候选人因工作分工等原因，需重新提名 ...

北京当升材料科技股份有限公司 关于 2023 年年度股东大会的延期公告 证券代码：300073 证券简称：当升科技 公告编号：2024-041 北京当升材料科技股份有限公司 关于 2023 年年度股东大会的延期公告 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。 重要内容提示 2023年年度股东大会延期后的召开时间：2024年4月24日 一、原股东大会的有关情况 1、股东大会届次：公司2023年年度股东大会 二、股东大会延期原因 北京当升材料科技股份有限公司（以下称"当升科技"或"公司"）于2024 年3月30日在巨潮资讯网（www.cninfo.com.cn）上披露了《关于召开2023年年度 股东大会通知的公告》，公司原定于2024年4月19日召开2023年年度股东大会。 现因工作安排调整，公司2023年年度股东大会延期至2024年4月24日召开。 本次年度股东大会延期召开符合《上市公司股东大会规则》《深圳证券交易所创 业板股票上市规则》《深圳证券交易所上市公司自律监管指引第2号——创业板 上市公司规范运作》等法律法规和《公司章程》的相关规定。 三、延期后股 ...

Investment Rating - The investment rating for the company is "Buy" and is maintained [5] Core Views - The company reported a revenue of 15.127 billion yuan in 2023, a year-on-year decrease of 28.9%, and a net profit attributable to shareholders of 1.924 billion yuan, down 14.8% year-on-year [6] - The company achieved a shipment of 62,700 tons of cathode materials for the entire year, a slight decline of 1.2% year-on-year, primarily due to a slowdown in overall terminal demand [7] - The company is optimistic about new customers and product volume growth in 2024, with an expected net profit of 1.2 to 1.3 billion yuan [8] Summary by Sections Financial Performance - In 2023, the company’s total revenue was 15.127 billion yuan, with a gross profit of 2.732 billion yuan, representing 18% of revenue. The net profit attributable to shareholders was 1.924 billion yuan, with an EPS of 3.80 yuan [13] - The company’s average product price in 2023 was 238,900 yuan per ton, showing a significant decline due to falling resource prices [7] - The estimated net profit for Q4 2023 was around 4.33 billion yuan, with a decrease in single-ton profit due to customer structure adjustments [8] Production and Capacity - The company has optimized its customer structure, with the top three customers accounting for 42.94% of revenue, indicating a relatively good customer diversification [7] - The company currently has a total capacity of 77,000 tons for ternary materials and is actively expanding its production capabilities [7] Market Outlook - The company is focusing on expanding its domestic customer base while maintaining strong relationships with overseas clients like SK, LG, and Northvolt [8] - The company anticipates that adjustments in customer structure and processing fees will exert pressure on single-ton profitability in 2024, but overall profitability is expected to benefit from industry premiums [8]

证券研究报告 | 年报点评报告 2024年04月09日 当升科技（300073.SZ） 业绩符合预期，积极推动多领域正极布局 当升科技发布2023年年报，盈利水平同比提升。2023年公司实现营收151.3 买入（维持） 亿元，同比-29%；归母净利润19.2亿元，同比-15%；扣非归母净利润19.8 股票信息 亿元，同比-14.9%。实现毛净利率18.1%/12.7%，同比增长0.7/2.1pct。其 中Q4实现营收25.8亿元，环比-38%；归母净利润4.3亿元，环比-24%； 行业 电池 扣非归母净利润3.4亿元，环比-40%。实现毛净利率17.0%/16.7%，环比增 前次评级 买入 长-2.7/+3.1pct。 4月8日收盘价(元) 44.30 总市值(百万元) 22,437.98 2023 年受碳酸锂价格下降&行业竞争加剧影响，公司售价有所回落。截至 2023年底，公司已建成产能11万吨，2023年实际产能8.3万吨（其中多元 总股本(百万股) 506.50 材料7.7万吨，钴酸锂0.6万吨）。2023年公司锂电材料产量6.1万吨（其 其中自由流通股(%) 99.78 中多元材料5.5万吨、钴酸锂0 ...

Investment Rating - The report maintains an "Accumulate" rating for the company [1][3]. Core Views - The company reported a net profit of 1.924 billion RMB for 2023, a decrease of 14.80% year-on-year, which aligns with expectations [3]. - The company's revenue for 2023 was 15.127 billion RMB, down 28.86% year-on-year, indicating a challenging market environment [3]. - New products, particularly advanced cathode materials, are expected to accelerate in volume, providing potential growth opportunities [3]. Financial Summary - The company achieved a revenue of 15.127 billion RMB in 2023, a decline of 28.86% compared to 2022 [4][5]. - The net profit for 2023 was 1.924 billion RMB, down 14.80% year-on-year [4][5]. - The earnings per share (EPS) for 2023 was 3.80 RMB, reflecting a decrease of 14.80% from the previous year [4][5]. - The projected EPS for 2024, 2025, and 2026 are 2.50 RMB, 2.77 RMB, and 2.97 RMB respectively, with corresponding price-to-earnings ratios of 16.9, 15.2, and 14.2 [4][5][8]. Market Performance - The company's stock price is currently at 42.10 RMB, with a market capitalization of approximately 21.32 billion RMB [1][2]. - Year-to-date performance shows an absolute increase of 11.5%, outperforming the Shenzhen Composite Index by 10.0% [2].

Investment Rating - The report maintains an "Accumulate" investment rating for the company [2][5]. Core Views - The company's performance in 2023 met expectations, with revenue of 15.127 billion yuan, a year-on-year decline of 28.86%, and a net profit of 1.924 billion yuan, down 14.80% year-on-year [2][4]. - The lithium battery materials business faced short-term pressure, but there is an expectation for growth in shipment volumes in 2024 due to increasing demand from the electric vehicle market [3][4]. - The company is positioned as a leader in lithium battery cathode materials, with a focus on high-end markets and partnerships with major global players [3][4]. Summary by Sections Financial Performance - In 2023, the company achieved a gross margin of 18.06%, an increase of 0.66 percentage points year-on-year [4]. - The fourth quarter saw a revenue of 2.584 billion yuan, a quarter-on-quarter decline of 37.62% [2][4]. - The company’s effective production capacity was 83,000 tons, with a utilization rate of 73.30% [3]. Market Outlook - The report highlights a significant growth in China's new energy vehicle sales, which reached 9.4481 million units in 2023, a year-on-year increase of 37.48% [2][3]. - The company is expected to benefit from the ongoing expansion of the electric vehicle market and the associated demand for cathode materials [3][4]. Strategic Initiatives - The company is actively pursuing the construction of a new materials industrial base in Europe, with a planned capacity of 500,000 tons [4]. - A joint venture has been established with Finnish companies to develop a new materials base, which is expected to enhance the company's presence in the European market [4][5]. Earnings Forecast - The forecast for diluted earnings per share (EPS) is 2.49 yuan for 2024 and 3.02 yuan for 2025, with corresponding price-to-earnings (PE) ratios of 17.32 and 14.30 based on the closing price of 43.15 yuan [5][6].

北京当升材料科技股份有限公司 关于举行 2023 年度网上业绩说明会的公告 证券代码：300073 证券简称：当升科技 公告编号：2024-040 北京当升材料科技股份有限公司 1 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。 北京当升材料科技股份有限公司（以下称"公司"）已于2024年3月30日在 巨潮资讯网上披露了《2023年年度报告》。为便于广大投资者深入了解公司经营 管理、发展战略、行业前景等情况，公司将于2024年4月16日（周二）15:00—17:00 通过网络方式举行2023年度网上业绩说明会。投资者可登陆中国证券报·中证路 演中心（https://www.cs.com.cn/roadshow/）参与互动交流。 出席本次说明会的人员有：公司董事、总经理陈彦彬先生，董事、财务总监、 董事会秘书邹纯格先生以及公司独立董事。 为提升本次业绩说明会交流的针对性，现就公司2023年度业绩说明会提前向 投资者征集相关问题。投资者可于2024年4月10日（周三）17:00前将有关问题以 电子邮件形式发送至公司电子邮箱securities@easpring.c ...

·[table_research] 公司点评报告●电力设备及新能源行业 2024年 4月 1日 [table_main] 公司深度报告模板 整体盈利能力逆势坚挺，环比稳定提升 当升科技（300073.SZ） 推荐 (维持评级) 核心观点：  事件：3月29日公司发布年度报告。2023年实现收入151.27亿，同比-28.86%，归母净 分析师 利润19.24亿，同比-14.80%，扣非净利润19.80亿，同比-14.86%，EPS 3.80元。23Q4 周然 实现营业收入25.84亿，同/环比-64.0%/-37.6%，归母净利润4.33亿，同/环比-44.6%/- ：（8610）80927636 23.6%，扣非净利润3.43亿，同/环比-49.4%/-40.0%。业绩符合预期。 ：zhouran@chinastock.com.cn  2023年正极材料销＞产，库存水平大幅下降。受行业周期性影响，公司23年销售规模 分析师登记编码：S0130514020001 降低，各业务营收均有下滑，正极材料收入占比提升至96.6%。23年公司正极材料产销 量6.08万吨/6.27万吨，同比-6.08%/-1.1 ...

Investment Rating - The report maintains a "Buy" rating for the company [1][4][19] Core Views - The company faced profit pressure in Q4 2023, with various cathode products steadily ramping up production. The net profit for 2023 was CNY 1.924 billion, down 15% year-on-year, and revenue was CNY 15.127 billion, down 29% year-on-year. The gross margin was 18.1%, an increase of 0.7 percentage points year-on-year [1][5][19] - The company’s cathode material shipment volume remained flat year-on-year in 2023, with a total shipment of 62,700 tons, down 1% year-on-year. Q4 shipments saw a significant decline, estimated at 14,000 tons, down over 20% quarter-on-quarter due to weakened overseas demand and inventory control by battery manufacturers [1][11][19] - The company is expected to see steady growth in cathode sales in 2024, driven by new customer development and increased shipments of lithium iron phosphate [1][19] Summary by Sections Financial Performance - In 2023, the company achieved revenue of CNY 15.127 billion, a decrease of 29% year-on-year, and a net profit of CNY 1.924 billion, down 15% year-on-year. The gross margin was 18.06%, up 0.66 percentage points year-on-year [5][17] - Q4 2023 revenue was CNY 2.584 billion, down 64% year-on-year and 38% quarter-on-quarter, with a net profit of CNY 433 million, down 45% year-on-year and 24% quarter-on-quarter [5][11] Market Dynamics - The company faced significant competition from overseas battery customers, leading to a slowdown in shipment growth. The increasing share of lithium iron phosphate batteries in the domestic market also contributed to the stagnation in cathode shipment volume [1][11][15] - The company’s cathode product types are diversifying, with steady progress in customer development. High-nickel and ultra-high-nickel products are widely used in large cylindrical batteries, while solid-state battery cathodes have seen increased shipments [1][14][19] Profitability Outlook - The company’s cathode material net profit per ton was over CNY 31,000 in 2023, maintaining industry-leading profitability. However, profitability is expected to decline in 2024 due to increased domestic customer ratios and depreciation pressures from new capacity [1][13][19] - The forecast for 2024-2026 includes a projected net profit of CNY 1.016 billion, CNY 1.195 billion, and CNY 1.446 billion, with year-on-year changes of -47%, +18%, and +21% respectively [19]