银邦金属复合材料股份有限公司 期货套期保值业务的可行性分析报告 一、期货套期保值业务的目的和必要性 银邦金属复合材料股份有限公司产品的主要原材料是铝锭，铝锭价格波动对公 司生产经营有较大影响，为了尽可能规避和管理市场风险，减少和降低铝商品价 格波动对公司生产经营的不利影响，公司决定开展套期保值业务，利用期货的套 期保值功能进行风险控制，维护公司生产经营的稳定。 二、预计开展期货套期保值业务的基本情况 1、期货品种：铝锭 2、业务规模：保证金总额合计不超过人民币 5,000 万元，额度在期限范围内 可滚动使用，董事会授权董事长或相关授权人士在上述额度范围内负责具体签订 （或逐笔签订）套期保值业务相关协议及文件。 3、资金来源：公司自有资金 4、有效期限：董事会审议通过之日 12 个月内。 三、期货套期保值业务对公司的影响 公司开展与生产经营相关的大宗原材料铝锭期货套期保值业务，是为了规避市 场价格波动对企业成本的影响。公司生产经营使用的铝锭与大宗原材料铝期货品 种具有高度相关性，铝价格大幅波动将对公司盈利能力带来较大的影响，需通过 保值进行对冲。公司将在优先做好主营业务且风险可控的前提下开展期货业务。 铝期货品 ...

（2）业务规模：保证金总额合计不超过人民币 5,000 万元，额度在期限范围内 可滚动使用，董事会授权董事长或相关授权人士在上述额度范围内负责具体签订 （或逐笔签订）套期保值业务相关协议及文件。 （3）资金来源：公司自有资金 （4）有效期限：董事会审议通过之日 12 个月内。 | | | 银邦金属复合材料股份有限公司 关于开展期货套期保值业务的公告 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。 银邦金属复合材料股份有限公司(以下简称"公司")于 2025 年 4 月 16 日召 开第五届董事会第十六次会议及第五届监事会第十五次会议，分别审议通过了 《关于开展期货套期保值业务的议案》。公司产品的主要原材料是铝锭，铝锭价 格波动对公司生产经营有较大影响，为了尽可能规避和管理市场风险，减少和降 低铝商品价格波动对公司生产经营的不利影响，公司决定开展套期保值业务，利 用期货的套期保值功能进行风险控制，维护公司生产经营的稳定。具体内容如下： 一、拟开展的套期保值业务情况 （1）期货品种：铝锭 （1）将套期保值业务与公司生产经营相匹配，最大程度对冲价格波动风险，公 司期 ...

| | | 银邦金属复合材料股份有限公司 关于 2025 年度担保额度预计的公告 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。 一、担保情况概述 6、在担保额度内，公司董事会提请股东大会授权董事长签署与上述担保相 关的合同及法律文件。 银邦金属复合材料股份有限公司（以下简称"公司"或"银邦股份"）于2025 年4月16日召开了第五届董事会第十六次会议，审议通过《关于2025年度担保额 度预计的议案》，同意公司为合并报表范围内的全资子公司、控股子公司提供不 超过人民币20亿元的担保。 1、担保对象：公司合并报表范围内的全资子公司银邦（安徽）新能源科技 有限公司（以下简称"银邦安徽新能源"）和控股子公司贵州黎阳天翔科技有限 公司（以下简称"黎阳天翔"）。 2、担保额度：不超过人民币20亿元。 3、担保范围：向银行、金融机构等申请融资（包括但不限于办理人民币或 外币流动资金贷款、项目贷款、承兑汇票、信用证、备用信用证、贸易融资、保 函、票据贴现、保理、出口押汇、外汇远期结售汇以及衍生产品等相关业务及日 常经营需要（包括但不限于履约担保、产品质量担保）。 4、担保方 ...

银邦金属复合材料股份有限公司董事会 经核查独立董事许春亮先生、张陆洋先生、王晓勇先生未在公司担 任除独立董事以外的任何职务，也未在公司主要股东公司担任任何职 务，与公司以及主要股东之间不存在利害关系或其他可能妨碍其进行独 立客观判断的关系，因此，公司独立董事符合《上市公司独立董事管理 办法》、《深圳证券交易所创业板股票上市规则》、《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》中对独立董 事独立性的相关要求，上述三位独立董事在 2024 年度不存在影响独立 性的情形。 银邦金属复合材料股份有限公司董事会 关于独立董事 2024 年度保持独立性情况的专项意见 根据证监会《上市公司独立董事管理办法》、《深圳证券交易所创 业板股票上市规则》、《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》等要求，银邦金属复合材料股份有限公司 （以下简称"公司"）董事会，就公司在任独立董事许春亮先生、张陆 洋先生、王晓勇先生的独立性情况进行评估并出具如下专项意见： 2025 年 4 月 18 日 ...

一、投资购买理财产品的情况 1、投资目的 为提高资金使用效率，合理利用闲置资金，在不影响公司正常经营业务的前 提下，利用闲置自有资金购买理财产品，增加公司收益。 2、投资额度 | 证券代码：300337 | 证券简称：银邦股份 | 公告编号：2025-020 | | --- | --- | --- | | 债券代码：123252 | 债券简称：银邦转债 | | 银邦金属复合材料股份有限公司 关于使用闲置自有资金购买理财产品的公告 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。 银邦金属复合材料股份有限公司(以下简称"公司")于 2025 年 4 月 16 日召 开第五届董事会第十六次会议及第五届监事会第十五次会议，分别审议通过了 《关于使用闲置自有资金购买理财产品的议案》。公司及控股子公司拟使用闲置 自有资金不超过人民币 10 亿元购买理财产品，在额度内资金可以循环滚动使用， 单个投资产品的投资期限不超过 12 个月。具体内容如下： 根据公司及控股子公司的资金状况，投资期限内使用人民币 10 亿元购买理 财产品，理财产品在额度内资金可循环滚动使用。 3、投资期 ...

| | | 债券代码：123252 债券简称：银邦转债 银邦金属复合材料股份有限公司 关于召开 2024 年年度股东大会的通知 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《公司法》、《证券法》、《上市公司股东大会规则》、《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、规范性文件及 《公司章程》的规定，经银邦金属复合材料股份有限公司第五届董事会第十六 次会议审议，决定于2025年5月15日召开2024年年度股东大会，现将会议有关事 项向全体股东通知如下： 一、召开会议的基本情况 1、股东大会届次：2024 年年度股东大会 2、会议召集人：银邦金属复合材料股份有限公司董事会 3、会议召开的合法、合规性：经本公司第五届董事会第十六次会议审议通 过，决定召开 2024 年年度股东大会，召集程序符合有关法律、行政法规、部门 规章、规范性文件和公司章程的规定。 4、会议召开时间： （1）现场会议召开时间：2025 年 5 月 15 日（星期四），下午 14:30 （2）网络投票时间：通过深圳证券交易所交易系统进行投票的具体时间为： 2025 ...

债券代码：123252 债券简称：银邦转债 银邦金属复合材料股份有限公司 第五届监事会第十五次会议决议公告 本公司及监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、监事会会议召开情况 银邦金属复合材料股份有限公司（以下简称"公司"）第五届监事会第十五 次会议于2025年4月16日下午1:00在公司办公大楼二楼会议中心二号会议室以现 场方式召开。会议通知于2025年4月6日以电子邮件方式发出。会议应参加表决监 事三名，实际参加表决监事三名，由监事会主席顾晓明主持。本次会议的召开符 合《公司法》和《公司章程》的有关规定，合法有效。 二、监事会会议审议情况 与会监事以记名投票表决方式，审议并通过了如下决议： | | | 1、《关于 2024 年年度报告及摘要的议案》 经审议，监事会认为：公司 2024 年年度报告的编制和审核程序符合法律、 行政法规、中国证券监督管理委员会及深圳证券交易所的有关规定，报告内容真 实、准确、完整地反映了公司实际情况，不存在任何虚假记载、误导性陈述或者 重大遗漏。 具体内容详见中国证监会指定的创业板信息披露网站刊登的《2024年年度报 告摘要 ...

| | | 债券代码：123252 债券简称：银邦转债 银邦金属复合材料股份有限公司 第五届董事会第十六次会议决议公告 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 银邦金属复合材料股份有限公司（以下简称"公司"）第五届董事会第十 六次会议于 2025 年 4 月 16 日上午 9 点 30 分在公司办公大楼二楼会议中心一号 会议室以现场方式召开。会议通知于 2025 年 4 月 6 日以电子邮件方式发出。会 议由董事长沈健生主持，会议应到董事 9 名，实到董事 9 名。公司监事会全体成 员、高级管理人员列席了本次会议。本次会议的召开符合《公司法》《公司章程》 的有关规定，合法有效。 二、董事会会议审议情况 与会董事以记名投票表决方式，审议并通过了如下决议： 1、《关于 2024 年年度报告及摘要的议案》 具体内容详见中国证监会指定的创业板信息披露网站刊登的《2024年年度报 告摘要》、《2024年年度报告全文》。年度报告摘要公告同时刊登于《证券时报》、 《中国证券报》。 表决结果：9 票同意，0 票反对，0 票弃权。 本议案尚需提交 ...

Financial Performance - The company's operating revenue for 2024 was CNY 5,352,174,866.82, representing a 20.10% increase compared to CNY 4,456,570,501.47 in 2023[18]. - The net profit attributable to shareholders for 2024 decreased by 10.54% to CNY 57,690,129.47 from CNY 64,484,081.55 in the previous year[18]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 44,093,556.71, down 21.45% from CNY 56,137,082.12 in 2023[18]. - The company reported a negative cash flow from operating activities of CNY -416,170,161.10, a decline of 489.43% compared to CNY 106,865,410.33 in the previous year[18]. - Basic earnings per share for 2024 were CNY 0.0702, a decrease of 10.57% from CNY 0.0785 in 2023[18]. - Total assets at the end of 2024 reached CNY 5,837,511,910.69, an increase of 29.91% from CNY 4,493,544,902.01 at the end of 2023[18]. - The net assets attributable to shareholders increased by 2.14% to CNY 1,671,762,634.91 from CNY 1,636,765,930.29 in the previous year[18]. - The company achieved a total revenue of 535.217 million yuan in 2024, representing a year-on-year growth of 20.10%[40]. - The net profit attributable to shareholders decreased by 10.39% to 57.69 million yuan, while the net profit after deducting non-recurring gains and losses fell by 21.45% to 44.09 million yuan[40]. - The total assets increased by 29.91% to 5.838 billion yuan, and the net assets attributable to shareholders grew by 2.14% to 1.672 billion yuan[40]. Revenue Breakdown - Revenue from metal composite materials accounted for ¥5,275,398,583.8, representing 98.57% of total revenue, with a year-on-year growth of 20.57%[44]. - The aluminum-based product series generated ¥4,943,740,803.67, which is 92.37% of total revenue, showing an 18.27% increase compared to the previous year[46]. - Domestic revenue reached 419.215 million yuan, up 25.35% year-on-year, while international revenue was 112.139 million yuan, a growth of 2.27%[41]. - The South China region saw a revenue increase of 68.01%, reaching ¥952,457,145.41, while North China experienced a decline of 24.37% to ¥276,173,782.49[44]. Production and R&D - The company invested 1.371 billion yuan in the construction of a new project for 350,000 tons of low-carbon aluminum thermal transmission materials, with the main plant completed and entering trial operation[41]. - R&D investment for 2024 reached 212.11 million yuan, an increase of 19.82% compared to the previous year, with a total of 85 authorized patents, including 80 invention patents[43]. - The company is developing high-strength lightweight multi-layer aluminum alloy plates, aiming to enhance its core competitiveness[60]. - Ongoing projects include the development of high-strength aluminum-steel composite materials, which are expected to improve the company's theoretical research capabilities[60]. - The company is also working on high-strength aluminum alloys for new energy vehicle cooling plates, targeting a 40% increase in profitability compared to conventional alloys[61]. Market Position and Strategy - The company has established itself as a leading player in the aluminum rolling processing industry, recognized for its strong R&D capabilities and advanced manufacturing processes[27]. - Over 70% of the company's aluminum-based products are applied in the automotive industry, indicating a strong market focus[28]. - The company has a market share of over 50% in the domestic power station air cooling industry, positioning it as a top producer of aluminum-steel composite materials[32]. - The company’s aluminum thermal transmission materials are increasingly used in new energy vehicles, with demand for these materials expected to exceed 200,000 tons globally[29]. - The company has developed long-term stable relationships with major aluminum ingot suppliers, ensuring a reliable procurement channel[33]. Risk Management and Governance - The company has identified potential risks and corresponding measures in its future development outlook[3]. - The company faces risks from macroeconomic uncertainties, including international trade tensions and geopolitical conflicts[84]. - The company has established a flexible risk management mechanism to minimize the adverse effects of exchange rate volatility on operations[86]. - The company has implemented a performance evaluation and incentive mechanism for directors and senior management, linking compensation to operational performance[91]. - The company maintains an independent operational structure, ensuring no interference from the controlling shareholder in decision-making[94]. Environmental and Social Responsibility - The company invested over 5 million yuan in environmental protection projects, facilities operation, and energy conservation during the reporting period[147]. - The company reduced carbon emissions by 4,612 tons through an 8.1MW solar power project and saved over 1.18 million yuan in electricity costs from a 2.4MW energy storage project[148]. - The company has established a third-party monitoring system to ensure compliance with water, air, and noise pollution standards[146]. - The company emphasizes sustainable material solutions and actively engages in community and environmental protection initiatives[150]. Shareholder Information - The company plans to distribute a cash dividend of CNY 0.1 per 10 shares to all shareholders, based on a total of 821,920,000 shares[3]. - The total number of shares is 821,920,000, representing 100% of the company's shares[187]. - The number of restricted shares is 110,536,066, accounting for 13.45% of total shares[186]. - The largest shareholder, Shen Jiansheng, holds 17.91% of shares, totaling 147,197,621[189]. - The company has a total of 69,687 shareholders as of the end of the reporting period[188]. Management and Leadership Changes - The company announced the resignation of several key executives, including the Vice General Manager and a Board Director, due to personal reasons and job transfers[101]. - The current Board consists of 9 members, including 3 independent directors, with terms running from May 12, 2023, to May 12, 2026[102]. - The company appointed new executives, including Vice General Managers and a new Chairman of the Supervisory Board, effective October 28, 2024[101]. - The company is focusing on expanding its management team with experienced professionals from various sectors[101]. Internal Control and Compliance - The internal control system has been established and maintained effectively, with no significant deficiencies identified in financial reporting[136]. - The company has established a complete and reasonable corporate governance structure and internal control system in compliance with relevant laws and regulations[141]. - The internal control evaluation report was fully disclosed on April 18, 2025[138]. - The company has not reported any penalties from regulatory authorities for its directors, supervisors, and senior management in the past three years[114].

Financial Performance - The company's revenue for Q1 2025 was ¥1,371,564,285.37, representing a 21.87% increase compared to ¥1,125,471,425.64 in the same period last year[5] - Net profit attributable to shareholders decreased by 49.51% to ¥14,610,355.48 from ¥28,937,812.22 year-on-year[5] - Basic and diluted earnings per share fell by 49.43% to ¥0.0178 from ¥0.0352 year-on-year[5] - Total operating revenue for the current period reached ¥1,371,564,285.37, an increase of 22% compared to ¥1,125,471,425.64 in the previous period[16] - Net profit for the current period was ¥14,503,058.45, a decrease of 50% from ¥28,885,107.83 in the previous period[17] - Earnings per share (EPS) for the current period was ¥0.0178, down from ¥0.0352 in the previous period[18] Cash Flow and Liquidity - The net cash flow from operating activities was -¥67,154,214.47, a decline of 63.45% compared to -¥41,084,767.37 in the previous year[5] - Cash flow from operating activities showed a net outflow of ¥67,154,214.47, compared to a net outflow of ¥41,084,767.37 in the previous period[18] - The company's cash and cash equivalents rose significantly by 290.64% to ¥1,637,017,341.64 due to funds received from issuing convertible bonds[8] - The ending balance of cash and cash equivalents stood at $813.51 million, up from $39.15 million at the end of the previous period[19] - The net increase in cash and cash equivalents was $762.39 million, contrasting with a decrease of $113.91 million in the previous period[19] Assets and Liabilities - Total assets increased by 21.30% to ¥7,080,857,392.15 from ¥5,837,511,910.69 at the end of the previous year[5] - Total liabilities increased to ¥5,386,679,126.41 from ¥4,182,993,519.74, reflecting a growth of 29%[15] - Total current liabilities rose to ¥2,102,571,193.29 from ¥1,857,282,108.72, which is an increase of about 13.2%[14] - Long-term borrowings increased to ¥2,388,679,907.68 from ¥2,180,727,516.59, representing a growth of approximately 9.5%[14] - Non-current liabilities increased to ¥3,284,107,933.12 from ¥2,325,711,411.02, indicating a rise of around 41.2%[14] Shareholder Information - The number of common shareholders at the end of the reporting period was 70,236, with the top shareholder holding 17.91% of the shares[9] - Total equity attributable to shareholders rose to ¥1,711,529,806.73, up from ¥1,671,762,634.91, marking a 2% increase[15] Research and Development - Research and development expenses rose by 22.62% to ¥48,372,259.26, indicating continued investment in innovation[8] - Research and development expenses for the current period were ¥48,372,259.26, an increase of 22% from ¥39,449,079.79 in the previous period[16] Other Income - The company reported a significant increase of 432.57% in other income to ¥14,779,609.04, contributing positively to overall financial performance[8] - Other income increased significantly to ¥14,779,609.04 from ¥2,775,159.12, showing a growth of 433%[16] Inventory and Receivables - Accounts receivable decreased to ¥960,495,235.66 from ¥1,029,737,320.33, showing a decline of about 6.7%[13] - Inventory rose to ¥1,685,920,149.54 from ¥1,589,766,741.62, indicating an increase of approximately 6.0%[13] Financing Activities - The company's short-term borrowings increased by 57.22% to ¥1,361,579,290.48, reflecting additional financing by a subsidiary[8] - Total cash inflow from financing activities reached $1.35 billion, significantly up from $283.17 million in the prior period[19] - Net cash outflow from financing activities was $375.31 million, compared to $212.11 million previously[19]