Investment Rating - The report maintains an "Accumulate" rating for the company [5]. Core Insights - The company's performance in the first half of 2024 shows steady growth, with revenue reaching 1.122 billion yuan, a year-on-year increase of 35.9%, and a net profit attributable to shareholders of 179 million yuan, up 17.4% year-on-year [1][2]. - The significant increase in the precursor business, particularly high-value new products, has led to a substantial rise in gross margin, contributing to overall revenue and profit growth that slightly exceeds previous expectations [2]. Summary by Relevant Sections Financial Performance - In H1 2024, the company achieved revenue of 1.122 billion yuan, a 35.9% increase year-on-year, and a net profit of 179 million yuan, reflecting a 17.4% growth [1]. - In Q2 2024, the company reported a revenue of 613 million yuan, a 43.3% year-on-year increase, and a net profit of 96.58 million yuan, up 25.0% year-on-year [1]. Business Segments - The electronic specialty gas business generated revenue of 716 million yuan in H1 2024, a 16.1% increase year-on-year, with a gross margin of 46.5% [2]. - The precursor business (including MO source) saw revenue of 274 million yuan, a remarkable 73.6% increase year-on-year, with a gross margin of 48.5%, up 12.9 percentage points [2]. Capacity and Production - The company’s electronic specialty gas capacity utilization rate was 91.4%, an increase of approximately 3.6 percentage points compared to 2023 [2]. - The precursor capacity utilization rate reached 75.0%, a significant increase of about 24.4 percentage points from 2023 [2]. Profit Forecast and Valuation - The profit forecast for 2024-2026 has been adjusted upwards, with expected net profits of 337 million yuan (up 21.0%), 450 million yuan (up 28.0%), and 582 million yuan (up 32.3%) respectively [2].

证券代码：300346 证券简称：南大光电 公告编号：2024-077 债券代码：123170 债券简称：南电转债 江苏南大光电材料股份有限公司 关于召开2024年第三次临时股东大会的通知 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。 根据江苏南大光电材料股份有限公司（以下简称"公司"）第九届董事会第四次会议 决议，决定于2024年9月18日14:30召开公司2024年第三次临时股东大会，现将本次股东 大会有关事项通知如下： 一、召开会议的基本情况 1、股东大会届次：2024年第三次临时股东大会 2、会议召集人：公司董事会 3、会议召开的合法、合规性：本次会议召开符合有关法律、行政法规、部门规章、 规范性文件和公司章程的规定。 4、现场会议召开时间：2024年9月18日（星期三）14:30 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2024年9 月18日9:15—9:25、9:30—11:30、13:00—15:00；通过深圳证券交易所互联网投票系统投 票的具体时间为2024年9月18日上午9:15至下午15:00期间的任意时间。 5、 ...

证券代码：300346 证券简称：南大光电 公告编号：2024-072 债券代码：123170 债券简称：南电转债 江苏南大光电材料股份有限公司 关于2020年限制性股票激励计划第四个解除限售期 解除限售条件未成就暨回购注销部分限制性股票的公告 本公司及董事会全体成员保证公告内容的真实、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、本次拟回购注销的限制性股票数量共计为 39 万股。回购注销完成后，公司总 股本将由 543,165,764 股（截至 2024 年 8 月 27 日总股本）减至 542,775,764 股，公司 注册资本也相应由 543,165,764 元减至 542,775,764 元（因公司可转债处于转股期，最 终股本以中国登记结算有限公司深圳分公司出具数据为准）。 2、本次回购价格：限制性股票的回购价格为 8.625 元/股，回购资金为公司自有 资金； 3、该事项尚需提交公司 2024 年第三次临时股东大会审议批准。 江苏南大光电材料股份有限公司（以下简称"公司"）于 2024 年 8 月 28 日召开第 九届董事会第四次会议、第九届监事会第二次会议，审议通过了《关于 ...

公司《2024年半年度报告》及其摘要编制和审核程序符合法律、行政法规和中国证 监会的规定，报告内容真实、准确、完整地反映了公司2024年半年度经营的实际情况， 不存在虚假记载、误导性陈述或者重大遗漏。 证券代码：300346 证券简称：南大光电 公告编号：2024-066 债券代码：123170 债券简称：南电转债 江苏南大光电材料股份有限公司 第九届监事会第二次会议决议公告 本公司及监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。 江苏南大光电材料股份有限公司（以下简称"公司"）于2024年8月16日以电话、邮 件、专人送达等方式，向公司全体监事发出第九届监事会第二次会议通知，并于2024年 8月28日以现场方式在公司会议室召开。会议应到监事3名，实到监事3名，会议的召集 和召开符合《公司法》等有关法律法规和《公司章程》的有关规定。会议由监事会主席 姜田先生主持。 经与会监事认真审议，审议通过了如下决议： 一、审议通过《关于<2024年半年度报告>及其摘要的议案》 《2024年半年度报告》详见中国证监会指定创业板信息披露网站巨潮资讯网 (www.cninfo.com. ...

江苏南大光电材料股份有限公司 关于调整2020年限制性股票激励计划回购价格的公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有 虚假记载、误导性陈述或重大遗漏。 江苏南大光电材料股份有限公司（以下简称"公司"）于 2024 年 8 月 28 日召开第 九届董事会第四次会议、第九届监事会第二次会议，审议通过了《关于调整 2020 年 限制性股票激励计划回购价格的议案》。鉴于公司 2023 年度权益分派方案已于 2024 年 5 月 21 日实施完毕，根据《上市公司股权激励管理办法》、公司《2020 年限制性 股票激励计划（草案）》（以下简称"《激励计划》"）等有关规定和 2019 年度股东大会 的授权，董事会同意将 2020 年限制性股票激励计划回购价格由 8.66 元/股调整为 8.625 元/股。现将有关事项公告如下： 一、2020年限制性股票激励计划已履行的相关审批程序 1、2020 年 4 月 27 日，公司召开第七届董事会第二十五次会议，审议通过了《关 于公司<2020 年限制性股票激励计划（草案）>及摘要的议案》《关于公司<2020 年限 制性股票激励计划实施考核管理办法>的议案》及《 ...

江苏南大光电材料股份有限公司 | 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 | 上市公司核算的 | 年期初 2024 | 年 2024 | 月占 1-6 | 年 2024 | 月 1-6 | 2024 | 年 1-6 | 月 | 年 2024 6 | 月 | 占用形成 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | 会计科目 | 占用资金余 | 用累计发生金额 | | 占用资金的利 | | | 偿还累计发生 | | 末占用资金余 | | 原因 | 占用性质 | | | | 联关系 | | 额 | （不含利息） | | 息（如有） | | | 金额 | | 额 | | | | | 现大股东及其附属企业 | | | | | | | | | | | | | | | | | 小计 | - | - | - | - | - | | - | | | - | | - | | - | - | | 前大股东及其附属企业 | | | | ...

江苏南大光电材料股份有限公司 证券代码：300346 证券简称：南大光电 公告编号：2024-075 债券代码：123170 债券简称：南电转债 师事务所（特殊普通合伙）出具"中审亚太验字（2022）000100号"《验资报告》验证。 （三）募集资金存储情况 关于使用闲置募集资金进行现金管理的公告 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。 江苏南大光电材料股份有限公司（以下简称"公司"）于2024年8月28日召开第九届 董事会第四次会议、第九届监事会第二次会议，审议通过了《关于使用闲置募集资金进 行现金管理的议案》。为提高募集资金使用效率，公司拟在确保不影响募投项目建设和 正常生产经营的前提下，使用不超过35,000万元的闲置募集资金进行现金管理，并同意 授权公司管理层在上述投资额度内负责组织实施。现将有关事项公告如下： 一、募集资金基本情况 （一）2021年向特定对象发行股票募集资金情况 经中国证券监督管理委员会《关于同意江苏南大光电材料股份有限公司向特定对象 发行股票注册的批复》（证监许可〔2021〕1772号）同意注册，公司于2021年7月发行 新 ...

证券代码：300346 证券简称：南大光电 公告编号：2024-074 债券代码：123170 债券简称：南电转债 江苏南大光电材料股份有限公司 关于变更注册资本及修订《公司章程》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。 江苏南大光电材料股份有限公司（以下简称"公司"）于 2024年8月28日召开了第九 届董事会第四次会议，审议通过了《关于变更注册资本及修订<公司章程>的议案》，本 议案尚需提交至股东大会审议。现将有关内容公告如下： 一、注册资本的变更情况 1、可转换公司债券转股 根据中国证券监督管理委员会《关于同意江苏南大光电材料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〔2022〕2639 号）同意注册，公司 于 2022 年 11 月向不特定对象发行可转换公司债券 900.00 万张，每张面值为人民币 100.00 元，募集资金总额为人民币 90,000.00 万元。经深圳证券交易所同意，公司 90,000.00 万元可转换公司债券已于 2022 年 12 月 15 日起在深圳证券交易所挂牌上市 交易，债券简称"南电 ...

根据中国证监会发布的《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（2022 年修订）》（证监会公告[2022]15 号）、深圳证券交易所关于发布《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（2023 年 12 月修订）》 的通知（深证上〔2023〕1146 号）和《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（2024 年修订）》（深证上〔2024〕400 号）等有关规定，江苏南大光电材料股 份有限公司（以下简称"公司"或"本公司"或"南大光电"）董事会编制了截至 2024 年 6 月 30 日止募集资金年度存放与实际使用情况的专项报告。 一、募集资金基本情况 证券代码：300346 证券简称：南大光电 公告编号：2024-069 债券代码：123170 债券简称：南电转债 江苏南大光电材料股份有限公司 董事会关于 2024 年半年度募集资金存放与使用情况的 专项报告 （一）2021 年向特定对象发行股票募集资金情况 根据中国证券监督管理委员会《关于同意江苏南大光电材料股份有限公司向特定对象发 行股票注册的批复》（证监许可【2021】 ...

Financial Performance - The company's revenue for the reporting period reached CNY 1,122,494,960.33, representing a 35.86% increase compared to the same period last year[14]. - Net profit attributable to shareholders was CNY 178,690,538.02, up 17.38% year-on-year[14]. - The net profit after deducting non-recurring gains and losses was CNY 136,897,329.68, reflecting a 21.74% increase from the previous year[14]. - The net cash flow from operating activities surged by 222.60% to CNY 347,461,819.64[14]. - Basic earnings per share increased to CNY 0.33, a rise of 17.86% compared to the same period last year[14]. - Total assets at the end of the reporting period amounted to CNY 6,351,829,055.70, marking a 10.72% increase from the end of the previous year[14]. - Net assets attributable to shareholders reached CNY 2,401,657,486.01, an 8.16% increase year-on-year[14]. - The weighted average return on equity was 7.75%, up from 6.98% in the previous year[14]. Research and Development - The company is focused on R&D in advanced precursor materials, electronic specialty gases, and photoresists, which are critical for the semiconductor industry[1]. - The company maintains a strong focus on R&D in high-purity materials for semiconductor applications, which are critical for various high-tech industries[12]. - The company has developed 322 patents, including 169 invention patents and 153 utility model patents, enhancing its technological capabilities[42]. - Research and development investment amounted to ¥105,153,733.76, representing a 27.25% increase compared to the previous year[50]. - The company is actively engaged in R&D and has established a production line for high-purity semiconductor precursors, further enhancing its position in the high-end value chain of precursor materials[23]. Safety and Environmental Management - The company emphasizes the importance of safety management due to the hazardous nature of its products, which are sensitive to oxygen and water, potentially leading to safety incidents if not properly managed[2]. - The company has committed to enhancing safety measures and training to mitigate risks associated with its production processes[2]. - The company strictly adheres to various environmental protection laws and standards during its operations[97]. - The company has established a third-party environmental monitoring plan to ensure compliance with environmental standards[104]. - The company has developed an emergency response plan for environmental incidents, which is regularly trained and updated[105]. Market and Competition - The semiconductor industry, which significantly impacts the company's operations, is characterized by cyclical fluctuations, posing certain operational risks[1]. - The company acknowledges the increasing global competition in the semiconductor sector and the need to maintain competitive advantages[1]. - The company is actively seeking national industrial support policies to facilitate project implementation and expected profitability[2]. Investment and Capital Management - The company completed a capital change, reducing total shares from 543,423,716 to 543,164,146 due to bond conversion and stock repurchase[13]. - The total investment amount for the reporting period reached CNY 1,692,857,029.27, representing a 21.16% increase compared to the same period last year, which was CNY 1,397,203,584.67[60]. - The company has committed to a total investment of CNY 149,032.85 million for various projects, with CNY 111,628.70 million utilized by the end of the reporting period[63]. - The company has achieved a total benefit of CNY 4,226.80 million from its committed investment projects during the reporting period[64]. Shareholder Relations and Dividends - The company reported a cash dividend of 46,205,200 yuan for the fiscal year 2023, representing 21.85% of the net profit attributable to shareholders[86]. - A cash dividend of 27,158,300 yuan is proposed for the first half of 2024[86]. - The cash dividend represents 100% of the total profit distribution amount[91]. - The company held its annual general meeting on May 7, 2024, with an investor participation rate of 27.42%[87]. Risk Management - The company has established a risk management system for its hedging activities, including measures to mitigate market, liquidity, credit, operational, and legal risks[73]. - The company’s hedging strategy is designed to match the scale of its actual business operations, minimizing the impact of price fluctuations[73]. - The company has faced risks including core technology leakage and loss of key personnel, which it aims to mitigate through improved incentive mechanisms and a robust intellectual property protection system[79][80]. Corporate Governance - The company has undergone a board member election on May 15, 2024, with several new appointments and departures[88]. - The company has completed the asset restructuring process, with all commitments fulfilled as of February 28, 2024[110]. - The company has committed to maintaining its independence in operations, assets, finance, and business post-restructuring[109]. Financial Position - The company's total liabilities ratio was 53.43%, an increase of 0.75% compared to the previous year[170]. - The company's cash and cash equivalents at the end of the reporting period were RMB 1,298,234,434.36, down from RMB 1,398,861,587.56 at the beginning of the period[173]. - The total amount of the "Nan Dian Convertible Bond" issued was RMB 900 million, with 99.98% of the bonds yet to be converted[166].