隆华科技集团（洛阳）股份有限公司 2024 年第二次临时股东大会决议公告 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： 1、本次股东大会未出现否决议案的情形； 2、本次股东大会未涉及变更以往股东大会已通过的决议； | 证券代码：300263 | 证券简称：隆华科技 | 公告编号：2024－068 | | --- | --- | --- | | 债券代码：123120 | 债券简称：隆华转债 | | 参加本次股东大会现场及网络投票的股东及股东委托代理人共175名，代表股份 279,528,671股，占公司有表决权总股份的31.3720%。其中参加本次股东大会的中小投 资者共165名，代表股份20,824,704股，占公司有表决权总股份的2.3372%。参加本次股 东大会现场会议的股东及股东代理人共13名，代表股份260,026,067股，占公司有表决 权总股份的29.1832%。参加本次股东大会网络投票的股东及股东代理人共162名，代表 股份19,502,604股，占公司有表决权总股份的2.1888%。 本次股东大会由公司董事会召集，董事长李占明先 ...

关于向下修正隆华转债转股价格的公告 | 证券代码：300263 | 证券简称：隆华科技 公告编号：2024－072 | | --- | --- | | 债券代码：123120 | 债券简称：隆华转债 | 隆华科技集团（洛阳）股份有限公司 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： 1、债券代码：123120 债券简称：隆华转债 经深圳证券交易所（以下简称"深交所"）同意，公司79,892.83万元可转换公司 债券已于2021年8月23日起在深交所挂牌交易，债券简称"隆华转债"，债券代码 "123120"。 1 2、修正前转股价格：7.69 元/股 3、修正后转股价格：6.15 元/股 4、修正后转股价格生效日期：2024 年 9 月 13 日 一、可转换公司债券发行上市情况 （一）可转换公司债券发行情况 经中国证券监督管理委员会"证监许可〔2021〕1474 号"文核准，隆华科技集 团（洛阳）股份有限公司（以下简称"公司"）于 2021 年 7 月 30 日向不特定对象发 行了 798.9283 万张可转换公司债券，每张面值 100 元，发行总 ...

Investment Rating - The report maintains a "Buy" rating for Longhua Technology (300263) [4] Core Views - Longhua Technology's 2024H1 revenue reached 1.22 billion yuan, up 3.0% YoY, while net profit attributable to shareholders was 110 million yuan, down 11.5% YoY [2] - The company's gross margin improved to 24.5%, up 0.7 percentage points YoY [2] - Target material business showed significant improvement, with revenue increasing 61.9% YoY to 270 million yuan and gross margin reaching 27.9% [6] - The company's energy-saving heat exchange equipment is expected to benefit from the ongoing low-carbon trend [2] - New materials business, particularly in the photovoltaic sector, is expected to contribute to future growth [6] Business Performance Target Materials Business - Revenue from target materials and ultra-high-temperature special materials reached 270 million yuan in 2024H1, up 61.9% YoY [6] - The company has established stable relationships with major domestic panel manufacturers and Korean LGD [6] - Breakthroughs in low-indium and indium-free target material technology have been achieved [6] - The company is expected to benefit from the release of HJT capacity and the growth potential of perovskite and tandem technologies [6] Energy-saving Heat Exchange Equipment - Revenue from energy-saving heat exchange equipment was 490 million yuan in 2024H1, down 14.8% YoY [6] - The company maintains a leading position in the large industrial heat transfer sector [6] Polymer Materials - The company's PVC structural foam and PMI foam products maintain a leading position in the domestic market [6] - The company is expanding its extraction business, with a 60,000-ton extraction agent capacity under construction [6] Financial Projections - Revenue is expected to reach 2.98 billion yuan in 2024, 3.69 billion yuan in 2025, and 4.62 billion yuan in 2026 [7] - Net profit attributable to shareholders is projected to be 238 million yuan in 2024, 324 million yuan in 2025, and 417 million yuan in 2026 [7] - EPS is forecasted to be 0.26 yuan in 2024, 0.36 yuan in 2025, and 0.46 yuan in 2026 [7] Valuation Metrics - The company's P/E ratio is expected to be 21.0x in 2024, 15.5x in 2025, and 12.0x in 2026 [7] - The P/B ratio is projected to be 1.6x in 2024, 1.5x in 2025, and 1.3x in 2026 [7] - EV/EBITDA is forecasted to be 10.0x in 2024, 8.2x in 2025, and 6.9x in 2026 [7]

Investment Rating - The report maintains a "Buy" rating for Longhua Technology [2][3] Core Views - The company reported a revenue of 1.222 billion yuan for the first half of 2024, a year-on-year increase of 3.03%, while the net profit attributable to shareholders decreased by 11.50% to 105 million yuan [1] - The traditional heat exchange equipment business saw a revenue decline, but the new materials segment showed significant growth, particularly in electronic new materials and polymer composite materials [1] - The company has successfully launched a new 500-ton ITO target production line, enhancing its competitive strength in the market [1] - Longhua Technology is positioned as a quality supplier in the military market for PMI materials, with potential expansion into the low-altitude economy sector [1] Summary by Sections Financial Performance - In Q2 2024, the company achieved a revenue of 580 million yuan, a year-on-year decline of 1.49%, but net profit increased by 27.32% to 51 million yuan [1] - The traditional energy-saving heat exchange equipment revenue was 486 million yuan, down 14.75% year-on-year [1] - The electronic new materials business, particularly Fenglian Technology, reported a revenue of 299 million yuan, up 49.34%, with a net profit of 41 million yuan, a significant increase of 191.42% [1] Business Segments - The new materials segment includes two main areas: electronic new materials and high polymer composite materials, both showing strong growth [1] - The ITO target project, which has broken foreign monopolies, is expected to significantly enhance the company's competitive position [1] - The PMI materials produced by Zhaoheng Technology are essential for various aircraft, and the company is exploring opportunities in the low-altitude economy [1] Profit Forecast and Valuation - The profit forecast for 2024-2026 is set at 275 million, 343 million, and 416 million yuan respectively, with corresponding EPS of 0.30, 0.38, and 0.46 yuan [2] - The company is projected to maintain a strong growth trajectory across multiple business areas, justifying the "Buy" rating [2]

| 证券代码：300263 | 证券简称：隆华科技 | 公告编号：2024－062 | | --- | --- | --- | | 债券代码：123120 | 债券简称：隆华转债 | | 隆华科技集团（洛阳）股份有限公司 第五届董事会第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、董事会会议召开情况 隆华科技集团（洛阳）股份有限公司（以下简称"公司"）第五届董事会第十 七次会议于 2024 年 8 月 28 日上午 9：30 以现场及通讯相结合会议方式在公司一号 会议室召开，会议通知于 2024 年 8 月 16 日以邮件方式送达。本次会议由公司董事 长李占明先生主持，会议应出席董事 9 人，实际出席董事 9 人，董事吕国会先生、 胡春明先生、董治国先生以通讯表决方式出席会议。全体监事和高级管理人员列席 会议。本次会议的召开符合法律、行政法规、部门规章和《公司章程》的有关规定。 二、董事会会议审议情况 与会董事对本次会议需审议的全部议案进行了充分讨论，并作出如下决议： 董事会认为：公司《2024 年半年度报告》及其摘要审议的程序符合法 ...

| 证券代码：300263 | 证券简称：隆华科技 公告编号：2024－067 | | --- | --- | | 债券代码：123120 | 债券简称：隆华转债 | 隆华科技集团（洛阳）股份有限公司 关于全资子公司存续分立的公告 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。 隆华科技集团（洛阳）股份有限公司（以下简称"隆华科技"或"公司"）于 2024 年 8 月 28 日召开第五届董事会第十七次会议，会议审议通过《关于全资子公司存续 分立的议案》，同意全资子公司洛阳科博思新材料科技有限公司（以下简称"科博思"） 实施存续分立。现将有关情况公告如下： 一、分立事项概况 基于合理配置公司资源，促进公司业务协同发展，根据公司未来发展及战略布 局的需要，公司决定以轨道交通和风电业务为划分原则，对全资子公司科博思进行 存续分立，科博思继续存续，同时新设全资子公司承接风电行业相关业务。 本次事项在公司董事会审议范围内，无需提交公司股东大会审议。本次交易不 构成关联交易，亦不构成《上市公司重大资产重组管理办法》规定的重大资产重组。 住所：河南省洛阳市孟津区白鹤镇洛阳市 ...

单位：元 非经营性资金占用 资金占用方名称 占用方与上市公 司的关联关系 上市公司核算 的会计科目 2024 年期初占用资 金余额 2024年1-6月占用累计 发生金额（不含利息） 2024 年 1-6 月占用 资金的利息（如有） 2024 年 1-6 月偿 还累计发生金额 2024 年 6 月末占 用资金余额 占用形 成原因 占用性质 控股股东、实际控制人及 其附属企业 非经营性占用 小计 前控股股东、实际控制人 及其附属企业 非经营性占用 小计 其他关联方及附属企业 非经营性占用 小计 总计 其它关联资金往来 资金往来方名称 往来方与上市公 司的关联关系 上市公司核算 的会计科目 2024 年期初往来资 金余额 2024年1-6月往来累计 发生金额（不含利息） 2024 年 1-6 月往来 资金的利息（如有） 2024 年 1-6 月偿 还累计发生金额 2024 年 6 月末往 来资金余额 往来形 成原因 往来性质 （经营性往来、非经 营性往来） 控股股东、实际控制人及 其附属企业 上市公司的子公司及其附 属企业 北京中电加美环保科技有限公司 子公司 其他应收款 112,151,071.87 4,000, ...

Financial Performance - The company's operating revenue for the first half of 2024 was ¥1,222,131,024.44, representing a 3.03% increase compared to ¥1,186,146,730.74 in the same period last year[11]. - Net profit attributable to shareholders decreased by 11.50% to ¥105,456,351.76 from ¥119,155,861.32 year-on-year[11]. - Basic earnings per share fell by 11.53% to ¥0.1166 from ¥0.1318 in the same period last year[11]. - The company reported a diluted earnings per share of ¥0.1166, down 9.96% from ¥0.1295 in the previous year[11]. - The company reported a net profit increase, with retained earnings rising to CNY 1,444,381,446.02 from CNY 1,365,625,627.68, an increase of approximately 5.8%[102]. - The company reported a net loss of CNY 26,700,533.42 for the first half of 2024, indicating a significant decline in profitability[124]. Cash Flow and Investments - The net cash flow from operating activities was negative at ¥-257,730,661.10, a decline of 173.66% compared to ¥-94,178,563.21 in the previous year[11]. - Cash flow from operating activities showed a net outflow of CNY 257,730,661.10 in the first half of 2024, compared to a net outflow of CNY 94,178,563.21 in the first half of 2023, indicating a worsening cash flow situation[112]. - The net cash flow from investing activities was negative at CNY 195,698,813.18 for the first half of 2024, compared to a positive net cash flow of CNY 105,196,243.94 in the first half of 2023[113]. - The company’s cash outflow for investing activities totaled CNY 914,762,135.43 in the first half of 2024, compared to CNY 541,910,660.12 in the same period of 2023, indicating increased investment activity[113]. Assets and Liabilities - Total assets increased by 4.18% to ¥6,587,720,447.32 from ¥6,323,489,956.25 at the end of the previous year[11]. - Total liabilities increased to CNY 3,214,552,174.25 from CNY 3,039,949,882.01, representing a growth of approximately 5.7%[102]. - Long-term borrowings rose to ¥403,393,054.35, which is 6.12% of total liabilities, an increase from 3.83% the previous year, reflecting a shift in financing strategy[36]. - The company's total assets included cash and cash equivalents of ¥724,671,035.72, which accounted for 11.00% of total assets, down from 14.05% the previous year[35]. Research and Development - Research and development investment increased by 7.19% to ¥54,570,673.22 from ¥50,908,176.82 year-on-year, indicating a commitment to innovation[34]. - The company is actively expanding its research and development efforts to meet the growing market demands in electronic materials and composites[19]. - The company has a comprehensive R&D mechanism and has significantly increased its R&D investment across various business areas, resulting in a portfolio of patents and proprietary technologies that enhance product competitiveness[29]. Market Position and Strategy - The company plans not to distribute cash dividends or issue bonus shares[2]. - The company aims to maintain its core competitiveness and market position by adhering to the R&D guideline of "producing one generation, researching one generation, and reserving one generation"[29]. - The company plans to enhance its core competitiveness by developing strategic new materials and integrating advanced technologies[54]. - The company is committed to sustainable development by integrating party-building advantages into its operational strategies, aiming for high-quality growth[30]. Shareholder Information - The total number of shares increased by 4,274 shares due to the conversion of convertible bonds during the reporting period[81]. - The company’s total share capital at the end of the reporting period was 904,333,567 shares, with 85.41% being unrestricted shares[80]. - The largest shareholder, Li Zhanming, holds 10.56% of the shares, amounting to 95,501,092 shares[87]. - The company has not conducted any agreed repurchase transactions among the top ten shareholders during the reporting period[89]. Compliance and Governance - The company has a stable environmental management system in place, ensuring compliance with pollution discharge standards[60]. - The company has committed to not reducing its shareholdings for six months starting from October 16, 2023, to protect investor interests[62]. - There were no non-operating fund occupations by controlling shareholders or related parties during the reporting period[63]. - The company has not reported any penalties or rectification situations during the reporting period[66]. Technological Advancements - The electronic new materials business has successfully filled a technological gap in China, with high-purity molybdenum and molybdenum alloy targets being widely used in major panel manufacturers[19]. - The company has become the first domestic supplier to mass-produce G10.5 planar ITO targets, breaking foreign monopolies in this sector[19]. - The company has established itself as a technology leader in the industrial heat transfer sector, focusing on high-efficiency composite cooling technologies with independent intellectual property rights, leading to continuous market share and profitability growth[25]. Risk Factors - The company faces risks from a slowing global economy and increased competition, prompting a focus on technological innovation and market expansion strategies[53][54]. - Accounts receivable have increased due to rapid business growth, leading to potential bad debt risks, which the company aims to mitigate through improved credit management[55].

| 证券代码：300263 | 证券简称：隆华科技 公告编号：2024－066 | | --- | --- | | 债券代码：123120 | 债券简称：隆华转债 | 隆华科技集团（洛阳）股份有限公司 2024 年半年度募集资金存放与使用情况专项报告 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》《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》以及《深圳证券交易所创业板上市公司自律监管指南第 2 号——公告格 式》的相关规定，现就隆华科技集团（洛阳）股份有限公司（以下简称"隆华科技"、 "公司"或"本公司"）2024 年半年度募集资金存放与使用情况作如下专项报告： 一、募集资金基本情况 （一）募集资金金额、到账情况 根据中国证券监督管理委员会《关于同意隆华科技集团（洛阳）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【2021】1474 号）。隆华科 技集团（洛阳）股份有限公司（以下简称"隆华科技"、"公司"或"本 ...