证券代码：300285 证券简称：国瓷材料 公告编号：2024-047 山东国瓷功能材料股份有限公司 2023年年度股东大会决议公告 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、本次股东大会无增加、变更、否决议案的情况； 2、本次股东大会不涉及变更以往股东大会已通过的决议； 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。 （二）现场会议召开地点：山东省东营市国瓷材料会议室。 （三）会议召开方式：本次股东大会采取现场会议投票与网络投票相结合的 方式召开。 （四）会议召集人和主持人：本次股东大会由公司董事会召集，由公司董事 长张曦先生主持。 （五）本次股东大会的召集、召开符合《中华人民共和国公司法》《上市公 1 司股东大会规则》《深圳证券交易所创业板股票上市规则》及《公司章程》等法 律、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体 情况： | 类别 | 现场 | 网络 | 合 ...

Investment Rating - The report maintains a "Buy" rating for the company, expecting a stock price increase of over 15% relative to the industry index within the next six months [15]. Core Views - The company achieved double growth in revenue and net profit in 2023, with a revenue of 3.859 billion yuan, up 21.9% year-on-year, and a net profit of 569 million yuan, up 14.5% year-on-year [1][2]. - The first quarter of 2024 showed continued growth, with revenue of 827 million yuan, up 5.23% year-on-year, and a net profit of 133 million yuan, up 7.99% year-on-year [2]. - The overall sales gross margin for 2023 was 38.65%, an increase of 3.76 percentage points compared to the previous year [2]. - The company is benefiting from increased market demand across multiple segments, including electronic materials, catalytic materials, and new energy materials [3][7]. Financial Summary - Revenue and net profit for 2023 were 3.859 billion yuan and 569 million yuan, respectively, with projected revenues of 4.623 billion yuan, 5.597 billion yuan, and 6.118 billion yuan for 2024, 2025, and 2026 [1][9]. - The company’s net profit margin for 2023 was 16.09%, slightly down from the previous year, while the first quarter of 2024 saw an increase to 17.72% [2]. - The company’s cash flow from operating activities increased significantly by 216.78% in 2023, amounting to 645 million yuan [2][10]. Segment Performance - The electronic materials segment generated 598 million yuan in revenue in 2023, up 16.08%, while the catalytic materials segment saw a revenue increase of 74.25% to 715 million yuan [3][7]. - The precision ceramics segment is focusing on new energy applications, with products like silicon nitride ceramic bearings being adopted by major automotive manufacturers [8][9]. - The company has made significant advancements in the MLCC (Multi-Layer Ceramic Capacitor) market, with expectations of continued growth in market share due to rising demand [7][9]. Future Outlook - The company is projected to achieve revenues of 4.623 billion yuan, 5.597 billion yuan, and 6.118 billion yuan for 2024, 2025, and 2026, respectively, with corresponding net profits of 755 million yuan, 937 million yuan, and 1.162 billion yuan [9][10]. - The report highlights the potential for increased profitability driven by the recovery in the MLCC market and the growth of the new energy vehicle sector [9].

证券代码：300285 证券简称：国瓷材料 公告编号：2024-045 山东国瓷功能材料股份有限公司 关于第三期员工持股计划进展暨完成股票购买的公告 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。 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、2024年2月23日召开2024 年第一次临时股东大会，审议并通过了《关于变更第三期员工持股计划的议案》， 具体内容详见公司于2024年2月6日、2024年2月23日在巨潮资讯网披露的相关公告。 董事会 2024 年 5 月 7 日 一、员工持股计划的情况 根据《关于上市公司实施员工持股计划试点的指导意见》《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》等法律法规和规范性文件 的相关要求，现将公司第三期员工持股计划的实施进展情况公告如下： 截至 2024 年 5 月 6 日，公司第三期员工持股计划已通过二级市场集中竞价交易 方式累计买入公司股票 3,619,449 股，占公司总股本的 0.3606%，成交金额合计 70 ...

证券代码：300285 证券简称：国瓷材料 公告编号：2024-046 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 公司后续将根据市场情况在回购期限内继续实施本次回购计划，并将在回购期 间根据相关法律、法规和规范性文件的规定及时履行信息披露义务。敬请广大投资 者注意投资风险。 特此公告！ 山东国瓷功能材料股份有限公司 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》，公司使用自有资金以集中竞价交易的方式回购部分公 司股份，用于股权激励计划或员工持股计划。本次回购的资金总额不低于人民币 10,000万元（含）且不超过人民币20,000万元（含），回购价格不超过人民币25元/ 股（含）。回购股份的实施期限自董事会审议通过本次回购股份方案之日起不超过 12个月。本次回购股份事项在董事会审批权限内，无须提交股东大会审议。具体内 容详见公司于2024年2月6日在巨潮资讯网披露的相关 ...

Investment Rating - The report maintains a "Strong Buy" rating for Guocera Materials [2] Core Views - Guocera Materials has shown good performance in its key business segments, driving long-term growth across multiple sectors [2] - The company reported a revenue of 827 million yuan in Q1 2024, representing a year-on-year increase of 5.23%, and a net profit of 133 million yuan, up 7.99% year-on-year [2] - The company is positioned as a diversified new materials platform, with a focus on high-end ceramic products and a full supply chain from materials to finished products [2][3] Summary by Relevant Sections Business Performance - The electronic materials segment is experiencing a recovery in MLCC dielectric powder, and domestic substitution of electronic pastes is accelerating [2] - The catalytic materials segment continues to grow with products like honeycomb ceramic carriers and cerium-zirconium solid solutions [2] - The biomedical segment is optimizing production capacity to enhance product competitiveness [2] - The new energy materials segment is seeing rapid sales growth in alumina and barium stone, with new products being launched [2] - The precision ceramics segment is gradually increasing production of silicon nitride ceramic bearings for 800V high-voltage fast charging [2] Financial Forecasts - The company forecasts net profits of 737 million yuan, 934 million yuan, and 1.12 billion yuan for 2024, 2025, and 2026 respectively, with corresponding EPS of 0.73, 0.93, and 1.12 yuan [6] - The current P/E ratios are projected to be 26, 21, and 17 for the years 2024, 2025, and 2026 respectively [6] Market Position - Guocera Materials has established six major business segments, enhancing its market capacity and competitive strength [2] - The company is expected to continue benefiting from favorable market conditions and increasing sales of its products [2]

%% research.95579.com %% 丨证券研究报告丨 公司研究丨点评报告丨国瓷材料（ ） 300285.SZ [Table_Title] 各项业务趋势向好，公司有望乘势上行 报告要点 [公Ta司bl发e_布Su2m0m24ar一y]季报，实现收入8.3亿元（同比+5.2%，环比-22.9%），实现归属净利润1.3 亿元（同比+8.0%，环比+4.0%），实现归属扣非净利润1.2亿元（同比+20.0%，环比-13.1%）。 ...

Investment Rating - The report maintains a "Buy" rating for the company [1][12] Core Views - The company's Q1 2024 net profit increased slightly quarter-on-quarter, indicating overall operational improvement [1][3] - The company focuses on technological innovation in the precision ceramics field, with multiple products being developed [6][12] - The management's confidence is reflected in the stock buyback plan aimed at employee stock ownership [7][12] Financial Performance Summary - In Q1 2024, the company achieved operating revenue of 827 million yuan, a year-on-year increase of 5.23% but a quarter-on-quarter decrease of 22.89% [3][5] - The net profit attributable to shareholders was 133 million yuan, up 7.99% year-on-year and up 3.97% quarter-on-quarter [3][5] - The gross profit margin was 38.82%, an increase of 1.51 percentage points year-on-year but a decrease of 4.40 percentage points quarter-on-quarter [3][5] - The net profit margin was 17.72%, up 0.92 percentage points year-on-year and up 5.09 percentage points quarter-on-quarter [3][5] Future Earnings Forecast - The company is expected to generate revenues of 4.682 billion, 5.694 billion, and 6.694 billion yuan for the years 2024, 2025, and 2026 respectively [12][14] - The net profit attributable to shareholders is projected to be 745 million, 1.010 billion, and 1.268 billion yuan for the same years [12][14] - Corresponding P/E ratios are expected to be 26, 19, and 15 times for 2024, 2025, and 2026 respectively [12][14]

Investment Rating - The report maintains a "Buy" rating for the company [2][3] - The target price is adjusted to 24.37 yuan from the previous 22.61 yuan [2][3] Core Views - The company's performance meets expectations, with a focus on the growth of catalytic materials and precision ceramics [2][3] - The report highlights the company's multi-dimensional growth strategy as a platform enterprise [2][3] Financial Summary - For Q1 2024, the company achieved a revenue of 8.27 billion yuan, representing a year-on-year increase of 7.99% and a quarter-on-quarter increase of 3.97% [2][3] - The net profit attributable to shareholders for Q1 2024 was 1.33 billion yuan, showing a year-on-year increase of 20.04% [2][3] - The report projects a revenue growth rate of over 70% for the catalytic materials segment in 2023, with expectations for continued high growth in 2024 [2][3] Earnings Forecast - The earnings per share (EPS) forecast for 2024 is set at 0.75 yuan, with a projected increase to 0.91 yuan in 2025 [2][3] - The report anticipates a net profit growth rate of 32.9% for 2024 [2][3] Market Position - The company is positioned to benefit from the increasing demand for catalytic materials and precision ceramics, with significant growth expected in the biomedical sector [2][3] - The report notes that the company is enhancing its international competitiveness through capacity optimization and product expansion [2][3]

国[Ta瓷ble材_Sto料ckN（am3eR0p0tT2yp8e5] ） 公司研究/公司点评 23 年业绩符合预期，多产品开花驱动长期增长 投资评级：买入（维持） 主要观点： [Table_Rank] 报告日期： 2024-04-27 [⚫T ab事le件_S描um述m ary] 2024年4月18日晚，国瓷材料发布2023年年报，公司2023年 [收Ta盘bl价e_（Ba元se）D ata] 18.96 实现营收38.59亿元，同比增长21.86%；实现归母净利润5.69亿 近12个月最高/最低（元） 31.69/15.90 元，同比增长14.50%；实现扣非净利润5.42亿元，同比增长 总股本（百万股） 1,004 流通股本（百万股） 811 15.34%。2024年4月25日晚，国瓷材料发布2023年一季度报 流通股比例（%） 80.76 告，2024年Q1实现营收8.27亿元，同比/环比变化+5.23%/- 总市值（亿元） 190 22.89%；实现归母净利润1.33亿元，同比/环比增长 流通市值（亿元） 154 7.99%/3.97%；实现扣非净利润1.21亿元，同比/环比变化 +20.04%/- ...

业绩简评 2024 年 4月 25日公司披露一季报，一季度实现营收8.27 亿元， 同比增长5.23%；实现归母净利润1.33 亿元，同比增长7.99%。 经营分析 精密陶瓷业务获得快速发展，新品研发速度提升：公司收购赛创 后，借助赛创的优势和渠道以及自身在材料领域的积淀，快速推 进公司在精密陶瓷基本领域的产品研发和扩展，通过对高强度氧 化铝基板、超高导热氮化铝基板等研发和图片，已经在原有的LED 领域进一步向激光雷达、低轨卫星等领域进行突破，在陶瓷基板 领域的结构性升级更近了一步；而在陶瓷球方面，公司加强了产 业链的构建，并加速推进800V 高压快充领域的客户认可，目前公 司已经完成了陶瓷球一期建设，并在今年进行粉体产能建设，借 助后续的粉体优势和前期布局的客户基础市场快速放量和市场兑 现，从发展情况来看，虽然目前精密陶瓷业务的基数相对较小， 人民币(元) 成交金额(百万元) 但成长速度较快，有望在中长期维度为公司提供有效增量； 34.00 600 传统电子材料继续修复，尾气催化材料延续国产替代趋势。前期 31.00 500 由于库存及下游需求的影响，公司的电子材料业务相对承压，伴 28.00 400 25 ...