证券代码：300285 证券简称：国瓷材料 公告编号：2024-071 二、股东股份累计质押情况 截至本公告日，公司总股本 997,048,299 股，张曦先生股票累计质押情况如 下： | | | | 本次质押前质 | 本次质押后质 | 占其所 | | 已质押股份中限售和冻 结情况 | | 未质押股份中限售和 冻结情况 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 股东名称 | 持股数量 （股） | 持股比例 | 押股份数量 | 押股份数量 | 持股份 | 占公司总 股本比例 | | | 限售和冻 | | | | | | （股） | （股） | 比例 | | 限售和冻结 | 占已质押 | 结数量 | 占未质押 | | | | | | | | | 数量（股） | 股份比例 | | 股份比例 | | | | | | | | | | | （股） | | | 张曦 | 202,848,941 | 20.34% | 97,130,000 | 98,380,000 | 48.50% | 9.87% | 81,051,87 ...

本公司及董事会全体成员保证公告内容真实、准确和完整，没有虚假记 载、误导性陈述或重大遗漏。 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"）于近日 收到公司第一大股东张曦先生的通知，获悉张曦先生将其持有的部分国瓷材料 股份办理了股份新质押、补充质押及解除质押的相关业务。具体情况如下： 一、本次股份新质押、补充质押及解除质押的基本情况 证券代码：300285 证券简称：国瓷材料 公告编号：2024-070 山东国瓷功能材料股份有限公司 关于公司第一大股东股权新质押、补充质押及解除质押的公告 1、股份新质押 | 股东 | 是否为公司第 一大股东或实 | | 本次质押 数量 | 占其所持股 | 占公司总股 | 是否为 | 是否为 补充质 | 质押开始日 质押到期日 | | 质权人 | 用途 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 名称 | 际控制人 | | （股） | 份比例 | 本比例 | 限售股 | 押 | | | | | | 张曦 | | 是 | 8,600,000 | 4.240 ...

证券代码：300285 证券简称：国瓷材料 公告编号：2024-069 山东国瓷功能材料股份有限公司 一、股份回购进展情况 根据《深圳证券交易所上市公司自律监管指引第 9 号——回购股份》等相关 规定，上市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。 现将公司回购进展情况公告如下： 截至 2024 年 8 月 31 日，公司通过股票回购专用证券账户以集中竞价交易方式 回购公司股份 5,755,000 股，占公司总股本 0.5772%，最高成交价为 18.42 元/股，最 低成交价为 16.81 元/股，成交总金额为 99,991,154.00 元（不含交易费用）。本次回 购符合公司既定的回购股份方案及相关法律法规的要求。 二、其他说明 特此公告！ 山东国瓷功能材料股份有限公司 关于继续回购公司股份的进展公告 董事会 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。 山东国瓷功能材料股份有限公司（以下简称"公司"）于2024年2月5日召开第五 届董事会第十三次会议和第五届监事会第十三次会议，审议并通过了《关于继续回 购公司股份方案的议案》，公司使 ...

证券代码：300285 证券简称：国瓷材料 公告编号：2024-068 山东国瓷功能材料股份有限公司 关于公司第一大股东股权补充质押的公告 本公司及董事会全体成员保证公告内容真实、准确和完整，没有虚假记 载、误导性陈述或重大遗漏。 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"）于近日 收到公司第一大股东张曦先生的通知，获悉张曦先生将其持有的部分国瓷材料 股份办理了股份补充质押的相关业务。具体情况如下： 二、股东股份累计质押情况 截至本公告日，公司总股本 997,048,299 股，张曦先生股票累计质押情况如 下： 股东名 称 是否为公司第 一大股东或实 际控制人 本次质押数 量（股） 占其所持 股份比例 占公司总股 本比例 是否为 限售股 是否为补 充质押 质押开始日 质押到期日 质权人 用途 张曦 是 200,000 0.099% 0.020% 是 是 2024.08.27 2024.11.07 招商证券股份 有限公司 融资 张曦 是 230,000 0.113% 0.023% 是 是 2024.08.27 2024.11.09 招商证券股份 有限公司 融资 张曦 是 5,500 0.003 ...

证券代码：300285 证券简称：国瓷材料 公告编号：2024-067 山东国瓷功能材料股份有限公司 关于公司第一大股东股权补充质押的公告 本公司及董事会全体成员保证公告内容真实、准确和完整，没有虚假记 载、误导性陈述或重大遗漏。 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"）于近日 收到公司第一大股东张曦先生的通知，获悉张曦先生将其持有的部分国瓷材料 股份办理了股份补充质押的相关业务。具体情况如下： | 股东名 | 是否为公司第 一大股东或实 | 本次质押数 | 占其所持 | 占公司总股 | 是否为 | 是否为补 | | 质押开始日 质押到期日 | 质权人 | 用途 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 称 | 际控制人 | 量（股） | 股份比例 | 本比例 | 限售股 | 充质押 | | | | | | 张曦 | 是 | 330,000 | 0.163% | 0.033% | 是 | 是 | 2024.08.20 | 2024.11.07 | 招商证券股份 有限公司 | 融资 | | ...

证券代码：300285 证券简称：国瓷材料 山东国瓷功能材料股份有限公司 投资者关系活动记录表 编号：DY2024-005 特定对象调研 分析师会议 □媒体采访 □业绩说明会 投 资 者 关 系活 □新闻发布会 □路演活动 动类别 现场参观 □其他（请文字说明其他活动内容） 高盛：郑睿丰 淡马锡：王舒怡 富达投资：李瑞鹏 参 与 单 位 名称 及人员姓名 新加坡政府投资：刘濯宇 景林资产：蒋文超 时间 2024 年 8 月 26 日 9：30-11：00 地点 国瓷材料办公楼 董事长：张曦 副总经理兼董事会秘书：许少梅 上 市 公 司 接待 证券投资部总经理：胡俊 证券事务代表：黄伟 人员姓名 证券事务专员：赵异楠 1、精密陶瓷业务的未来规划？ 回复：精密陶瓷器件同时具备声、光、电、热、机械等综合性能的调 整能力，尤其是 AI、功率半导体、新能源汽车等领域的快速发展都面临 因高功率密度、高可靠性要求的功能或结构设计问题，陶瓷器件是问题解 决和性能优化的关键，所以公司精密陶瓷业务未来将重点围绕这些领域发 投 资 者 关 系活 展。我们业务发展的两个主轴就是实施高端陶瓷材料和器件的国产化替 动 主 要 内 容介 ...

Investment Rating - The investment rating for the company is "Outperform the Market" and is maintained [2][5] Core Views - The company achieved positive growth in both operating revenue and net profit attributable to the parent company in the first half of 2024, with operating revenue reaching 1.95 billion yuan, a year-on-year increase of 5.57%, and net profit of 330 million yuan, a year-on-year increase of 3.60% [4][5] - The company has six business segments that are progressing well, including biomedical materials, catalytic materials, electronic materials, and architectural ceramics, with notable growth in the catalytic materials segment [5][6] - The company is expected to see continued growth in net profit, with forecasts of 730 million yuan, 850 million yuan, and 997 million yuan for 2024, 2025, and 2026 respectively, with an estimated EPS of 0.73 yuan, 0.85 yuan, and 1.00 yuan for the same years [6][9] Summary by Relevant Sections Financial Performance - In the first half of 2024, the company reported operating revenue of 1.13 billion yuan in Q2, a year-on-year increase of 5.82% and a quarter-on-quarter increase of 36.3%, with net profit of 200 million yuan, a year-on-year increase of 0.83% and a quarter-on-quarter increase of 47.77% [4][5] - The company’s revenue from the biomedical materials segment was 440 million yuan, a year-on-year increase of 6.07%, while the catalytic materials segment generated 410 million yuan, a year-on-year increase of 21.2% [5] Business Segments - The electronic materials segment is rapidly industrializing products such as end electrode copper paste and thin-layer high-capacity nickel paste, aiming for domestic substitution [5] - The catalytic materials segment is capitalizing on structural opportunities in the natural gas heavy truck market and has successfully entered the supply chain of overseas commercial vehicle head customers [5] - The company is enhancing its integrated advantages in the precision ceramics segment, focusing on core materials to build a comprehensive ceramic substrate industry platform [5][6] Profit Forecast and Valuation - The company’s projected net profits for 2024-2026 are 730 million yuan, 850 million yuan, and 997 million yuan, with a reasonable valuation range of 18.25 to 21.90 yuan based on a PE ratio of 25-30 times for 2024 [5][9]

Investment Rating - The report maintains a "Buy" rating for the company, expecting a stock price increase of over 15% relative to the industry index in the next six months [14]. Core Views - The company's performance in the first half of 2024 met expectations, with revenue and net profit showing positive growth. The growth is attributed to the recovery in demand for MLCC dielectric powder products and the increasing market demand for catalytic materials and precision ceramics [2][3]. - The company is expected to achieve revenue of 46.23 billion, 55.97 billion, and 61.18 billion yuan for 2024, 2025, and 2026 respectively, with corresponding net profits of 7.55 billion, 9.37 billion, and 11.62 billion yuan [8]. Financial Performance Summary - In the first half of 2024, the company reported revenue of 1.953 billion yuan, a year-on-year increase of 5.57%, and a net profit of 330 million yuan, up 3.60% year-on-year. The net cash flow from operating activities increased significantly by 61.25% year-on-year to 154 million yuan [1][2]. - The overall gross margin for the first half of 2024 was 39.89%, an increase of 2.39 percentage points compared to the same period last year [2]. - The company's revenue and net profit are projected to grow at compound annual growth rates (CAGR) of 19.8% and 32.6% respectively from 2023 to 2024 [10]. Business Segment Performance - The electronic materials segment reported revenue of 279 million yuan in the first half of 2024, a decrease of 2.19% year-on-year, while the gross margin improved to 35.58% [3]. - The catalytic materials segment achieved revenue of 406 million yuan, a year-on-year increase of 21.20%, with a gross margin of 43.56% [7]. - The precision ceramics segment is expected to benefit from the rapid development of the global new energy industry, with multiple products gradually releasing performance [7]. Future Outlook - The company is focusing on enhancing product applications in automotive and AI-related fields, which is expected to drive continued recovery in performance [7]. - The report highlights the ongoing trend of domestic substitution in various product lines, particularly in MLCC dielectric powder and electronic materials [3][8].

Investment Rating - The report maintains an "Overweight" investment rating for the company [4][7]. Core Views - The company has shown a recovery in its main business, with new products being successfully launched, resulting in both year-on-year and quarter-on-quarter growth in performance [7]. - The company is positioned as a platform enterprise in the domestic new materials sector, implementing a dual strategy of "internal growth + external mergers and acquisitions" [7]. - The financial forecasts for earnings per share (EPS) for 2024-2026 have been adjusted to 0.76, 0.95, and 1.13 yuan respectively [7]. Financial Summary - For the first half of 2024, the company achieved operating revenue of 1.953 billion yuan, a year-on-year increase of 5.57%, and a net profit attributable to shareholders of 330 million yuan, up 3.6% year-on-year [7]. - The second quarter of 2024 saw operating revenue of 1.127 billion yuan, a year-on-year increase of 5.82% and a quarter-on-quarter increase of 36.3% [7]. - The company’s main business segments, including catalytic materials and precision ceramics, have shown significant growth, with the catalytic materials segment achieving revenue of 618 million yuan, up 22.13% year-on-year [7]. - The gross profit margin for the catalytic materials segment was 28.66%, reflecting a slight year-on-year increase [7]. - The precision ceramics segment reported revenue of 164 million yuan, a year-on-year increase of 34.34%, with a gross profit margin of 31.27% [7]. - The new energy materials segment achieved revenue of 173 million yuan, up 38.51% year-on-year, with a gross profit margin of 20.85% [7]. Future Outlook - The company is expected to benefit from the implementation of the National VI emission standards, which will drive growth in the honeycomb ceramic business [7]. - The company is actively optimizing its process flows and enhancing product quality in the new energy materials sector, leading to rapid improvements in production and sales levels [7]. - The report indicates that the company’s core business trends are positive, with new projects gradually ramping up production, suggesting a promising future for the company [7].

Investment Rating - The report maintains an "Outperform" rating for the company, indicating a positive outlook for its stock performance relative to the market [6]. Core Insights - The company achieved a record high quarterly revenue of 1.127 billion yuan in Q2 2024, with a year-on-year growth of 5.8% and a quarter-on-quarter growth of 36.3%. The net profit attributable to shareholders for the same quarter was 197 million yuan, reflecting a year-on-year increase of 0.8% and a quarter-on-quarter increase of 47.8% [6]. - The report highlights that the company's gross margin improved by 2.39 percentage points year-on-year to 39.89% in the first half of 2024, driven by growth in segments such as ceramic inks and precision ceramics [6]. - The electronic materials segment reported a revenue of approximately 279 million yuan in the first half of 2024, a decline of 2.2% year-on-year, primarily due to lower-than-expected shipments of electronic-grade zirconia powder [6]. - The catalyst materials segment saw a revenue increase of 21.2% year-on-year to 406 million yuan, mainly due to higher sales of honeycomb ceramics and cerium-zirconium solid solutions [6]. - The biomedical segment generated a revenue of 439 million yuan, a year-on-year growth of 6.1%, although the gross margin decreased by 4.2 percentage points to 57.91% due to production adjustments [6]. - The precision ceramics segment is expected to achieve a revenue of 400 million yuan in 2024, with a projected year-on-year growth of over 50% [6]. Summary by Sections Financial Performance - The company reported a total revenue of 1.953 billion yuan in the first half of 2024, a year-on-year increase of 5.6%. The net profit attributable to shareholders was approximately 330 million yuan, reflecting a year-on-year growth of 3.6% [7]. - The gross margin for the first half of 2024 was 39.9%, with a return on equity (ROE) of 5.1% [7]. Revenue Projections - The company forecasts total revenue of 4.478 billion yuan for 2024, with a year-on-year growth rate of 16%. The net profit is projected to reach 734 million yuan, indicating a growth rate of 29% [7]. - The earnings per share (EPS) is expected to be 0.74 yuan in 2024, with a price-to-earnings (PE) ratio of approximately 25 [7]. Segment Analysis - The electronic materials segment is anticipated to benefit from the recovery in consumer electronics demand, with an estimated annual sales volume exceeding 7,000 tons [6]. - The catalyst materials segment is positioned for growth due to increasing demand from domestic and international automotive manufacturers [6]. - The biomedical segment is expected to stabilize as the company expands its product lines and market presence through recent acquisitions [6].