| 证券代码：300224 | 证券简称：正海磁材 公告编号：2024-03-02 | | --- | --- | | 债券代码：123169 | 债券简称：正海转债 | 烟台正海磁性材料股份有限公司 关于召开 2023 年度股东大会的提示性公告 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、召开本次会议的基本情况 1、股东大会届次：2023 年度股东大会 2、会议召集人：烟台正海磁性材料股份有限公司董事会 3、公司五届董事会第十七次会议审议通过了《关于召开 2023 年度股东大会 的议案》，本次股东大会会议的召开符合有关法律、行政法规、部门规章、规范 性文件和公司《章程》等的规定。 4、会议时间： 现场会议召开日期和时间：2024 年 4 月 17 日（星期三）14:30 网络投票日期和时间：2024 年 4 月 17 日 其中，通过深圳证券交易所交易系统进行网络投票的具体时间为 2024 年 4 月 17 日 9:15—9:25、9:30-11:30、13:00-15:00；通过深圳证券交易所互联网投 票系统投票的具体时间为 2024 年 4 月 1 ...

公司于 2024 年 3 月 27 日召开五届董事会第十七次会议审议通过了《关于使 用闲置自有资金购买理财产品的议案》，同意公司申请 19 亿元自有资金额度用于 购买理财产品，在上述额度内，资金可以循环滚动使用。同时，董事会授权公司 管理层具体实施上述事宜。 近期，公司前期进行的委托理财已有部分赎回以及重新购买，现就相关事宜 公告如下： | 证券代码：300224 | 证券简称：正海磁材 公告编号：2024-19-11 | | --- | --- | | 债券代码：123169 | 债券简称：正海转债 | 烟台正海磁性材料股份有限公司 关于使用闲置自有资金进行委托理财的进展公告 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。 烟台正海磁性材料股份有限公司（以下简称"公司"）于 2023 年 3 月 26 日 召开五届董事会第十一次会议审议通过了《关于使用闲置自有资金购买理财产品 的议案》，同意公司申请 18 亿元自有资金额度用于购买理财产品，在上述额度内， 资金可以循环滚动使用。同时，董事会授权公司管理层具体实施上述事宜。 一、使用闲置自有资金进行委托理财情况 ...

特别提示： | 证券代码：300224 | 证券简称：正海磁材 公告编号：2024-18-04 | | --- | --- | | 债券代码：123169 | 债券简称：正海转债 | 烟台正海磁性材料股份有限公司 关于 2024 年第一季度可转换公司债券转股情况的公告 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。 （二）可转债上市情况 1、"正海转债"(债券代码：123169)的转股期限为 2023 年 5 月 29 日至 2028 年 11 月 22 日；最新有效的转股价格为 13.03 元/股。 2、2024 年第一季度，共有 50 张"正海转债"完成转股(票面金额共计 5,000 元)，合计转成 382 股"正海磁材"股票(股票代码：300224)。 3、截至 2024 年第一季度末，公司剩余可转债为 13,996,227 张，剩余可转 债票面总金额为 1,399,622,700 元。 根据《深圳证券交易所创业板股票上市规则》的有关规定，烟台正海磁性材 料股份有限公司（以下简称"公司"）现将 2024 年第一季度可转换公司债券（以 下简称"可转债"）转 ...

| 证券代码：300224 | 证券简称：正海磁材 公告编号：2024-19-10 | | --- | --- | | 债券代码：123169 | 债券简称：正海转债 | 烟台正海磁性材料股份有限公司 关于回购股份的进展公告 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。 烟台正海磁性材料股份有限公司（以下简称"公司"）于 2023 年 12 月 18 日 召开五届董事会第十五次会议、五届监事会第十五次会议，审议通过了《关于回 购公司股份方案的议案》。公司拟使用自有资金以集中竞价交易方式回购部分公 司已发行的人民币普通股（A 股）股份，用于实施员工持股计划或股权激励，具 体内容详见公司于 2023 年 12 月 18 日在巨潮资讯网（www.cninfo.com.cn）披露 的《关于回购公司股份方案的公告》。 根据《上市公司股份回购规则》《深圳证券交易所上市公司自律监管指引第 9 号——回购股份》的规定，回购期间，公司应当在每个月的前三个交易日内披 露截至上月末的回购进展情况。现将公司回购股份的进展情况公告如下： 一、回购股份进展情况 截至 2024 年 3 ...

Investment Rating - The report maintains a "Buy" rating for the company, expecting a relative increase of over 15% in the next 6 to 12 months compared to the benchmark index [5][14]. Core Insights - The company demonstrates stable profitability, highlighting its competitive advantages in the market [4]. - The company's revenue for 2023 is projected to be 5,874 million, reflecting a year-over-year decrease of 7% from 2022, while net profit is expected to increase by 10.7% to 448 million [5][8]. - The report indicates that the company's performance aligns with expectations despite a challenging market environment, particularly due to a significant decline in rare earth prices [5][8]. Financial Performance Summary - Revenue and Profit Forecast: - 2022A Revenue: 6,319 million - 2023A Revenue: 5,874 million (down 7%) - 2024E Revenue: 6,851 million (up 17%) - 2025E Revenue: 8,411 million (up 23%) - 2026E Revenue: 9,669 million (up 15%) [5][8]. - Net Profit Forecast: - 2022A Net Profit: 404 million - 2023A Net Profit: 448 million (up 11%) - 2024E Net Profit: 559 million (up 25%) - 2025E Net Profit: 685 million (up 22%) - 2026E Net Profit: 806 million (up 18%) [5][8]. - Key Financial Ratios: - Return on Equity (ROE) is projected to increase from 11% in 2022 to 15% by 2026 [5][8]. - Price-to-Earnings (P/E) ratio is expected to decrease from 22.8 in 2023 to 11.4 in 2026, indicating improved valuation [5][8]. Market Position and Competitive Landscape - The company has a strong foothold in the new energy vehicle sector, with significant partnerships with major automotive brands [2]. - The report notes that the company's production capacity is expanding, with a total capacity expected to reach 36,000 tons by 2026 [5][8]. - The company’s gross margin for 2023 is projected to be 18.05%, reflecting a year-over-year increase of 3.7 percentage points, showcasing its ability to maintain profitability despite market pressures [5][8].

Investment Rating - The report maintains a "Recommend" rating for the company, with expected EPS of 0.59/0.68/0.78 yuan per share for 2024-2026, and corresponding PE ratios of 19/17/14X [23][50] Core Views - The company's revenue in 2023 was 5.87 billion yuan, a year-on-year decrease of 7.05%, while net profit attributable to the parent company increased by 10.74% to 448 million yuan [30][35] - The growth in net profit is mainly driven by the increase in gross profit, which rose by 153 million yuan year-on-year, primarily due to the significant growth in sales of NdFeB magnetic materials and components [30] - The company's product structure has been optimized, with high-margin NdFeB magnetic material components and drive motor magnets growing faster, contributing to an overall gross margin increase of 3.7 percentage points to 18.09% in 2023 [36][59] Financial Performance - The company's revenue from NdFeB magnetic materials in 2023 was 5.77 billion yuan, accounting for 98.2% of total revenue, with a gross profit of 1.033 billion yuan [6][7][11] - In 2023, the company's NdFeB magnetic material sales volume increased by 12% to 17,178 tons, and component sales surged by 476% to 404,700 units [31] - The automotive sector (including new energy vehicles) accounted for 66% of NdFeB sales, with a 19% year-on-year increase in sales volume to 11,345 tons [31][69] Capacity and Market Position - By the end of 2023, the company had an annual production capacity of 30,000 tons of NdFeB magnetic materials, with plans to reach 36,000 tons by 2026 [53][55] - The company has strengthened its raw material supply chain through a joint venture with China Rare Earth Group, ensuring 25% of its raw material supply [55] - The company's R&D advantages are evident, with three core technologies driving the development of low-heavy rare earth, heavy rare earth-free, and ultra-light rare earth magnet product lines [53][66] Industry Trends - The new energy vehicle sector continues to drive demand for NdFeB magnetic materials, with the company's automotive sector sales volume increasing by 19% in 2023 [31][69] - The company's drive motor magnet deliveries for energy-saving and new energy vehicles reached 4.49 million units, a 29% year-on-year increase [31] - Despite a 33.33% decline in the rare earth price index in 2023, the company's cost reduction and product structure optimization helped maintain profitability [36]

Financial Performance - The company's operating revenue for the year reached ¥5,873,747,747.73, representing a decrease of 7.05% compared to the previous year[14] - The net profit attributable to shareholders was ¥447,505,171.66, reflecting a decline of 10.74% year-on-year[14] - Total revenue for the year 2023 was CNY 5,873,747,747.73, a decrease of 7.05% compared to CNY 6,319,016,812.75 in 2022[90] - Revenue from neodymium iron boron permanent magnet materials and components accounted for 98.23% of total revenue, totaling CNY 5,770,004,789.48, down 7.36% year-on-year[90] - Revenue from the new energy vehicle motor drive system increased by 14.24% to CNY 103,742,958.25, contributing 1.77% to total revenue[90] - The company achieved a gross margin of 18.05% for neodymium iron boron permanent magnet materials, with a year-on-year decrease of 0.71%[90] - The revenue from high-performance NdFeB permanent magnetic materials and components reached ¥3,588,423,843.41, accounting for 75.89% of total operating income, a decrease of 5.78% compared to ¥4,356,888,250.57 in 2022[94] Cash Flow and Investments - The net cash flow from operating activities increased significantly by 208.92% to ¥715,187,222.65[14] - The total cash inflow from operating activities was ¥6,883,783,066.43, representing a 20.33% increase from ¥5,720,723,198.57 in the previous year[102] - The net cash flow from investment activities was -¥764,060,481.96, an improvement of 31.74% compared to -¥1,119,407,077.52 in 2022[102] - The company reported a net decrease in cash and cash equivalents of -¥374,901,410.91, a decline of 169.65% from an increase of ¥538,264,108.62 in the previous year[102] - The total investment amount for the reporting period was CNY 382.43 million, a decrease of 27.95% compared to CNY 530.79 million in the same period last year[122] Research and Development - The company continues to focus on R&D for low rare earth magnets and ultra-light rare earth magnets, maintaining a competitive edge in performance and cost[83] - The company’s R&D expenditure for 2023 was CNY 310.89 million, accounting for 5.29% of operating revenue, slightly up from 5.19% in 2022[117] - The number of R&D personnel increased by 8.86% to 393 in 2023, while the proportion of R&D personnel to total staff decreased by 0.57% to 11.90%[116] - The company is in the small-batch trial production phase for several R&D projects aimed at developing new types of magnets for electric vehicles, which are expected to reduce the use of heavy rare earth materials[116] - The company has established long-term relationships with high-quality clients, ensuring a certain level of security in accounts receivable recovery[195] Market and Industry Position - The company is recognized as a leading enterprise in the high-performance neodymium-iron-boron permanent magnet materials industry[21] - The company achieved a 20% year-on-year increase in automotive market shipments, with a total delivery of 4.49 million sets of energy-saving and new energy vehicle drive motor magnets, representing a 29% growth[39] - Despite the increase in sales volume, the revenue from high-performance neodymium-iron-boron permanent magnet materials decreased by 7% year-on-year due to significant declines in upstream raw material prices[39] - The wind power industry in China saw a record increase in installed capacity of 75.9 GW in 2023, up 102% year-on-year, which is expected to drive demand for high-performance neodymium-iron-boron permanent magnet materials[46] - The company is actively expanding its market presence and enhancing its governance and management capabilities to maintain competitive advantages amid rising industry competition[63] Governance and Management - The company’s governance structure complies with the requirements set by the China Securities Regulatory Commission and the Shenzhen Stock Exchange[140] - The company has established a sound internal control system to enhance operational compliance and governance levels[140] - The company ensures equal participation rights for all shareholders, particularly minority shareholders, during general meetings[140] - The company has a dedicated team of independent directors and supervisors to ensure governance and oversight[191] - The company has implemented a "Quality Return Double Improvement" action plan to enhance operational efficiency[138] Strategic Initiatives - The company is committed to sustainable development and advancing "smart intelligence" and "green low-carbon" industries[21] - The company aims to enhance automation levels and optimize production management processes to improve delivery capabilities in 2024[158] - The company plans to deepen digital transformation efforts and coordinate solutions to process challenges across business domains[158] - The company is set to implement a dual-carbon strategy to enhance energy management and reduce carbon emissions[159] - The company will closely monitor the international political and economic environment to adjust its strategies accordingly, especially in response to potential adverse changes in trade policies[160] Risks and Challenges - The company faces risks including market competition, rising raw material prices, and potential bad debts from accounts receivable due to macroeconomic changes[195] - The company is focusing on enhancing its competitive edge and increasing revenue scale, which has led to a corresponding increase in accounts receivable[195] - The subsidiary Shanghai Dajun continues to face risks of sustained losses, with a net profit of -37.28 million[168] - The company will actively seek new growth points and expand its market presence in response to the increasing competition in the high-performance NdFeB permanent magnet materials industry[176] Customer and Supplier Relations - The company has established a stable and long-term strategic partnership with customers by optimizing its traditional customized direct sales model into an innovative business model[36] - The company’s major suppliers accounted for 64.13% of total annual procurement, with no related party transactions among the top five suppliers[74] - The company’s top five customers accounted for 42.36% of total annual sales, with the largest customer contributing ¥739,310,736.72, or 12.59% of total sales[96] - The total sales amount from the top five customers was ¥2,487,788,103.16, indicating a strong reliance on a limited customer base[96] - The company has signed long-term supply agreements with major suppliers, ensuring stable supply of key raw materials for high-performance NdFeB permanent magnet materials[160]

烟台正海磁性材料股份有限公司 独立董事述职报告（王吉法） 本人作为烟台正海磁性材料股份有限公司（以下简称"公司"）五届董事会 独立董事，根据《公司法》、《上市公司独立董事管理办法》、《上市公司治理准则》 等法律法规以及公司《章程》、《独立董事制度》等有关规定，定期了解检查公司 经营情况，认真履行独立董事的职责，恪尽职守，勤勉尽责，积极出席相关会议， 认真仔细审阅会议议案及相关材料，积极参与公司重大事项的决策，对董事会的 科学决策、规范运作以及公司发展起到了积极作用，切实维护了全体股东尤其是 中小股东的合法权益。 现将 2023 年度本人履行独立董事职责情况报告如下： 一、独立董事基本情况 （二）出席董事会专门委员会情况 1、董事会审计委员会工作情况 本人王吉法，男，经营学博士，教授、博导，历任山东大学经济学院教授、 硕士研究生导师，山东大学威海分校党委副书记、常务副校长，烟台大学副校长、 副书记，烟台大学三校科技园发展有限公司董事长，2018 年退休。历任海信视 像科技股份有限公司、海联金汇科技股份有限公司独立董事。目前兼任国家知识 产权专家库专家、中国法学会知识产权法研究会常务理事、山东重点产业知识产 权联 ...

烟台正海磁性材料股份有限公司 2023 年度募集资金存放与使用情况的专项报告 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。 根据中国证券监督管理委员会《上市公司监管指引第 2 号—上市公司募集 资金管理和使用的监管要求》和《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》等有关规定，现将烟台正海磁性材料股份有限 公司（以下简称"公司"）2023 年度募集资金存放与使用情况专项报告如下： 一、募集资金基本情况 （一）实际募集资金金额、资金到账时间 根据中国证券监督管理委员会《关于同意烟台正海磁性材料股份有限公司向 不特定对象发行可转换公司债券注册的批复》（证监许可[2022]2654 号），公司 向社会公开发行面值总额 1,400,000,000.00 元的可转换公司债券，每张面值 100 元，共计1,400.00万张，期限6年。公司募集资金总额为人民币1,400,000,000.00 元，扣除发行费用（不含税）人民币 4,891,292.46 元后，实际募集资金金额为 人民币 1,395,108,707.54 元。上述募集资金已于 2 ...

烟台正海磁性材料股份有限公司 监事会议事规则 烟台正海磁性材料股份有限公司 监事会议事规则 第一章 总 则 第一条 为了充分发挥监事会的作用，完善公司的法人治理结构，促进公司规范运作， 保障监事会依法独立行使监督权，根据《中华人民共和国公司法》（以下简称《公司法》）、 《上市公司治理准则》等法律、法规、规范性文件和《烟台正海磁性材料股份有限公司章 程》（以下简称《公司章程》）的有关规定，结合公司实际，制订本议事规则（以下称本规 则）。 第二条 制订本规则，把监事会的职责分工和工作程序加以制度化，便于监事会有效 地行使监督权，以确保股东权益、公司利益和员工合法权益不受侵犯。 第三条 监事会是公司的常设监督机构，对股东大会负责；代表公司全体股东对公司 的经营管理活动实施监督。 第四条 监事会每六个月至少召开一次会议。出现下列情况之一的，监事会应当在十 日内召开临时会议： （一）任何监事提议召开时； （二）股东大会、董事会会议通过了违反法律、法规、规章、监管部门的各种规定和 要求、《公司章程》、公司股东大会决议和其他有关规定的决议时； （三）董事和高级管理人员的不当行为可能给公司造成重大损害或者在市场中造成恶 劣影 ...