Core Viewpoint - The company has approved a profit distribution plan for the year 2024, proposing a cash dividend of RMB 1.50 per 10 shares, with a total cash dividend amounting to approximately RMB 148.69 million based on the adjusted share base [1][2][6] Group 1: Profit Distribution Plan - The company plans to distribute cash dividends to shareholders at a rate of RMB 1.50 per 10 shares, based on a total of 991,287,699 shares after excluding repurchased shares [1][3] - The total cash dividend amount is calculated as 991,287,699 shares multiplied by RMB 0.15 per share, resulting in RMB 148,693,154.85 [2][6] - The distribution will not include stock dividends or capital reserve transfers, and adjustments will be made if there are changes in the total share capital before the implementation of the plan [1][3][4] Group 2: Authorization for Mid-term Dividend - The board of directors is authorized to determine the mid-term dividend plan for 2025, contingent upon meeting cash distribution conditions without affecting the company's normal operations [2][4] - The authorization includes decisions on whether to distribute profits, formulate distribution plans, and implement specific amounts and timing for the distribution [2][4] - The authorization period extends from the approval date of the 2024 annual shareholders' meeting until the completion of the authorized matters [2][4] Group 3: Key Dates and Methods - The record date for the profit distribution is set for June 6, 2025, and the ex-dividend date is June 9, 2025 [5] - The cash dividends will be directly credited to shareholders' accounts through their custodial securities companies [5] - The company holds 5,760,600 shares in its repurchase account, which do not participate in the profit distribution [4][6]

证券代码：300285 证券简称：国瓷材料 公告编号：2025-028 山东国瓷功能材料股份有限公司 2024 年年度权益分派实施的公告 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、误导性陈述或重大遗漏 特别提示： 1、山东国瓷功能材料股份有限公司（以下简称"公司"）2024年年度股东会 审议通过的2024年度利润分配预案及提请股东会授权董事会制定中期分红方案的 具体内容为：公司拟以991,287,699股（总股本扣除回购专户上已回购股份数）为 基数，向全体股东每10股派发现金红利人民币1.50元（含税），不送红股，不以资 本公积转增股本。若在利润分配方案公告后至实施前，出现股权激励行权、可转 债转股、股份回购等股本总额发生变动情形时，将公司按照"分红比例不变"的 原则进行调整。 公司股东会授权董事会在满足现金分红条件，不影响公司正常经营和持续发 展的情况下，拟于2025年半年度或第三季度结合未分配利润与当期业绩进行分红， 以公司总股本扣除利润分配方案实施时股权登记日公司回购专户上已回购股份后 的总股本为基数，派发现金红利总金额不超过相应期间归属于上市公司股东的净 利润。相关授权 ...

北京天达共和律师事务所 关于山东国瓷功能材料股份有限公司 2024 年年度股东会的法律意见书 山东国瓷功能材料股份有限公司： 根据中国证券监督管理委员会发布的《上市公司股东会规则》（下称"《股 东会规则》"）的要求，北京天达共和律师事务所（下称"本所"）接受山东国 瓷功能材料股份有限公司（下称"国瓷材料"）的委托，指派杜国平、杨洋律师 （下称"本所律师"）出席国瓷材料 2024 年年度股东会（下称"本次股东会"）， 对本次股东会的召集与召开程序、出席会议人员与召集人的资格、表决程序与表 决结果等重要事项出具法律意见书。 本所及本所律师依据《中华人民共和国公司法》（下称"《公司法》"）、 《中华人民共和国证券法》《律师事务所从事证券法律业务管理办法》和《律师 事务所证券法律业务执业规则（试行）》等规定及本法律意见书出具日以前已经 发生或者存在的事实，严格履行了法定职责，遵循了勤勉尽责和诚实信用原则， 进行了充分的核查验证，保证本法律意见书所认定的事实真实、准确、完整，所 发表的结论性意见合法、准确，不存在虚假记载、误导性陈述或者重大遗漏，并 承担相应法律责任。 一、本次股东会的召集与召开 （一）本次股东会的召集 ...

2、本次股东会不涉及变更以往股东会已通过的决议； 3、中小股东（持股5%以下）表决情况中，未计算山东国瓷功能材料股份有限 公司（以下简称"公司"或"国瓷材料"）现任董事、监事、高级管理人员的持 股表决情况。 一、会议召开和出席情况 （一）现场会议召开时间：2025年5月19日（星期一）14:00。网络投票时间： 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：2025年5月19日上午 9:15～9:25，9:30～11:30和下午1:00～3:00；通过深圳证券交易所互联网投票系统 进行投票的具体时间为：2025年5月19日上午9:15至下午3:00期间的任意时间。 山东国瓷功能材料股份有限公司 2024年年度股东会决议公告 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。 特别提示： 1、本次股东会无增加、变更、否决议案的情况； （二）现场会议召开地点：山东省东营市国瓷材料会议室。 证券代码：300285 证券简称：国瓷材料 公告编号：2025-027 行政法规、部门规章、规范性文件的规定。 （六）出席会议的普通股股东和恢复表决权的优先股股东及其持有股份总 ...

Group 1: Financial Performance and Shareholder Concerns - The company's stock price has been underperforming, with investors suggesting that annual dividend funds be used for share buybacks and cancellations [2] - A small investor reported a loss of approximately 40% since investing in 2023, expressing concerns about shareholder returns [6] - The company plans to enhance investor returns through share buybacks and increased dividends in 2024 [5] Group 2: Product Development and Market Position - The company is focusing on ceramic bearing balls as a promising material for robotics, highlighting advantages over metal products [3] - The company is actively developing solid-state battery technologies, with multiple oxide solid electrolytes already researched and developed [6][7] - The company aims to strengthen its position in the biomedical sector through strategic investments in companies like Dekema and Spident [4] Group 3: Strategic Goals and Market Outlook - The company’s long-term revenue goal of exceeding 10 billion yuan is still in place, although achieving it by 2025 may be challenging due to changing market conditions [7] - The company emphasizes maintaining high gross margins and quality development over simply increasing revenue through homogeneous competition [7] - The company is committed to a dual strategy of internal growth and external acquisitions to enhance its market position [6]

证券代码：300285 证券简称：国瓷材料 公告编号：2025-026 山东国瓷功能材料股份有限公司 关于参加 2025 年山东辖区上市公司投资者 网上集体接待日活动的公告 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。 为进一步加强与投资者的互动交流，山东国瓷功能材料股份有限公司（以下 简称"公司"）将参加由山东证监局、山东上市公司协会与深圳市全景网络有限 公司联合举办的"2025 年山东辖区上市公司投资者网上集体接待日活动"，现 将相关事项公告如下： 本次活动将采用网络远程的方式举行，投资者可登录"全景路演"网站 （http://rs.p5w.net）；或关注微信公众号（名称：全景财经）；或下载全景路演 APP, 参与本次互动交流。活动时间为 2025 年 5 月 15 日（周四）15:00-16:30。届时公 司高管将在线就公司 2024 年度业绩、公司治理、发展战略、经营状况、融资计 划、股权激励和可持续发展等投资者关心的问题，与投资者进行沟通与交流，欢 迎广大投资者踊跃参与！ 特此公告！ 山东国瓷功能材料股份有限公司 2025 年 5 月 13 日 ...

Investment Rating - The report maintains an "Outperform" rating for the company [4][9]. Core Views - The company is expected to achieve stable growth, with revenue projected to reach RMB 4.05 billion in 2024, reflecting a year-on-year increase of 4.86% [10]. - The diverse product matrix supports growth, with significant revenue increases in various segments, particularly in new energy materials and precision ceramics [11][12]. - The company is focusing on domestic substitution and overseas expansion to drive growth, particularly in the biomedical sector and precision ceramics [12]. Financial Summary - Revenue for 2023 was RMB 3.86 billion, with projections of RMB 4.05 billion for 2024, RMB 4.69 billion for 2025, RMB 5.62 billion for 2026, and RMB 6.79 billion for 2027, indicating a compound annual growth rate (CAGR) of approximately 20.8% from 2024 to 2027 [2][4]. - Net profit attributable to shareholders is expected to grow from RMB 605 million in 2024 to RMB 1.11 billion in 2027, with a notable increase of 27.2% in 2025 [2][4]. - The earnings per share (EPS) is projected to rise from RMB 0.61 in 2024 to RMB 1.11 in 2027, reflecting a strong growth trajectory [2][4]. Segment Performance - In 2024, revenue from electronic materials, catalytic materials, biomedical, new energy materials, precision ceramics, and digital printing showed varied growth rates, with new energy materials growing by 48.34% and precision ceramics by 41.68% [11]. - The company is expanding its product applications in automotive and AI sectors through its electronic materials segment, particularly in MLCC powder applications [11]. Valuation - The report assigns a target price of RMB 19.25 for 2025, based on a 25x price-to-earnings (PE) ratio, reflecting a decrease from the previous valuation due to external factors affecting demand [4][9].

Investment Rating - The report maintains a "Strong Buy" rating for Guocera Materials [2][5] Core Views - Guocera Materials reported a steady growth in Q1 2025, achieving a revenue of 975 million yuan, a year-on-year increase of 17.94%, and a net profit of 136 million yuan, up 1.80% year-on-year [3] - The company has established a platform model in the ceramic materials industry, with six major business segments: electronic materials, catalytic materials, biomedical materials, new energy materials, precision ceramics, and digital printing [5] - The core business segments are showing robust development, with significant growth potential in electronic materials, catalytic materials, and biomedical materials [4][5] Summary by Relevant Sections Financial Performance - In Q1 2025, Guocera Materials achieved a comprehensive gross margin of 39.67%, a decrease of 2.05 percentage points year-on-year, impacting net profit growth [3] - The company forecasts net profits of 744 million, 824 million, and 925 million yuan for 2025, 2026, and 2027 respectively, with corresponding EPS of 0.75, 0.83, and 0.93 yuan [5][6] Business Segments - **Electronic Materials**: Continued recovery in MLCC dielectric powder, with successful market expansion in various specifications and applications [4] - **Catalytic Materials**: Breakthroughs in ultra-thin wall and low thermal expansion carrier technologies, meeting stringent emission standards [4] - **Biomedical Materials**: Increased R&D investment in new products, with some already applied in client settings [4] - **New Energy Materials**: Strategic positioning with high-purity alumina and other materials, launching core additives for lithium battery cathodes [4] - **Precision Ceramics**: Focus on creating a comprehensive ceramic substrate industry platform, promoting domestic substitution [4] Market Outlook - The report indicates a positive market outlook for the company's key business segments, with expectations for continued sales growth [4][5]

Investment Rating - The report maintains a "Strong Buy" rating for Guocera Materials [2][5] Core Views - Guocera Materials reported a steady growth in Q1 2025, achieving a revenue of 975 million yuan, a year-on-year increase of 17.94%, and a net profit of 136 million yuan, up 1.80% year-on-year [3] - The company has established itself as a platform company in the ceramic materials industry, with six major business segments: electronic materials, catalytic materials, biomedical materials, new energy materials, precision ceramics, and digital printing [5] - The report highlights the positive development prospects of key business segments, particularly in electronic materials and catalytic materials, with successful product development and market expansion [4][5] Summary by Sections Financial Performance - In Q1 2025, Guocera Materials achieved a comprehensive gross margin of 39.67%, a decrease of 2.05 percentage points year-on-year, impacting net profit growth [3] - The company forecasts net profits of 744 million, 824 million, and 925 million yuan for 2025, 2026, and 2027 respectively, with corresponding EPS of 0.75, 0.83, and 0.93 yuan [5][6] Business Segments - **Electronic Materials**: Continued recovery in MLCC dielectric powder and successful market expansion in electronic pastes [4] - **Catalytic Materials**: Breakthroughs in ultra-thin wall and low thermal expansion carrier technologies, meeting stringent vehicle emission standards [4] - **Biomedical Materials**: Increased R&D investment in new products, with some already applied in client settings [4] - **New Energy Materials**: Strategic positioning with high-purity alumina and barium stone, launching core materials for lithium battery additives [4] - **Precision Ceramics**: Focus on creating a comprehensive ceramic substrate industry platform, promoting domestic substitution [4] Market Outlook - The report indicates that the market capacity and industry ceiling for Guocera Materials are gradually opening up, enhancing its competitive edge [5] - The company is expected to continue increasing product sales across its key business segments [4][5]

Group 1 - The company reported Q1 2025 revenue of 975 million yuan, a year-on-year increase of 17.94%, and a net profit attributable to shareholders of 136 million yuan, up 1.80% year-on-year [1] - Core business segments are showing stable development, with electronic materials, catalytic materials, biomedical materials, new energy materials, and precision ceramics all contributing positively [1] - The comprehensive gross margin for Q1 2025 decreased by 2.05 percentage points to 39.67%, impacting net profit growth [1] Group 2 - The electronic materials segment continues to recover, with successful development and mass production of various high-capacity and specialized electronic pastes [1] - The catalytic materials segment has overcome technical barriers, meeting stringent emission standards for commercial and passenger vehicles [1] - The biomedical materials segment is enhancing R&D investment in new products, with some already being applied in client settings [1] Group 3 - The company has established itself as a platform company in the ceramic materials industry, with six major business segments, enhancing market competitiveness [2] - Profit forecasts for 2025-2027 are maintained, with projected net profits of 744 million, 824 million, and 925 million yuan, corresponding to EPS of 0.75, 0.83, and 0.93 yuan [2] - The current stock price corresponds to P/E ratios of 22, 20, and 18 for the years 2025, 2026, and 2027 respectively, with a strong buy rating maintained [2]