证券代码：300395 证券简称：菲利华 公告编号：2024-32 湖北菲利华石英玻璃股份有限公司 关于公司实际控制人、董事、高级管理人员 增持公司股份计划时间过半的进展公告 本公司实际控制人邓家贵先生、吴学民先生，董事长商春利先生，董事、 总经理蔡绍学先生，董事、副总经理周生高先生，董事、董事会秘书郑巍先生， 董事卢晓辉女士，董事孙凯先生，财务总监魏学兵先生，副总经理刘俊龙先生 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。 本公司及董事会全体成员保证公告内容与信息披露义务人提供的信息一 致。 特别提示： 1、湖北菲利华石英玻璃股份有限公司（以下简称"公司"）于 2024 年 2 月 5 日披露了《关于公司实际控制人、董事、高级管理人员增持股份计划的公告》 （公告编号：2024-02）。基于对公司未来发展前景的信心和对公司长期投资价 值的高度认可，实际控制人邓家贵先生、吴学民先生，董事长商春利先生，董事、 总经理蔡绍学先生，董事、副总经理周生高先生，董事、董事会秘书郑巍先生， 董事卢晓辉女士，董事孙凯先生，财务总监魏学兵先生，副总经理刘俊龙先生（以 下合称"增持对象"）拟自增持计 ...

证 券 研 究 报 告 [Table_MainInfo] 请务必阅读正文之后的免责条款部分 股 票 研 究 请务必阅读正文之后的免责条款部分 2 of 4 [Table_Page] 菲利华(300395) | --- | --- | --- | --- | --- | --- | --- | --- | |------------------------------|---------------------------------------|----------------------|-----------------|-------------|---------|-----------------------|------------| | 表 1 ： A \n \n证券代码 | 股相关上市公司估值水平 \n \n证券简称 | 收盘价 \n2024/4/25 | 总市值 \n亿元 | EPS \n2024E | \n2025E | 2024E | PE \n2025E | | 300777.SZ | 中简科技 | 25.05 | 110 | | | 1.01 1.21 24.68 20.62 | | ...

湖北菲利华石英玻璃股份有限公司 关于回购公司股份的进展公告 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。 湖北菲利华石英玻璃股份有限公司（以下简称"公司"）于2024 年2月19日召开了 第六届董事会第七次会议和第六届监事会第七次会议审议通过《关于回购公司股份方案的 议案》，同意公司使用自有资金以集中竞价交易方式回购公司部分人民币普通股A 股股份， 回购的股份将用于实施员工持股计划或股权激励。本次回购金额不低于人民币5,000 万元 （含本数）且不超过人民币 10,000 万元（含本数），回购股份价格不超过人民币 44 元/ 股，具体回购股份的数量以回购结束时实际回购的股份数量为准。具体内容详见公司于 2024年2月19日在巨潮资讯网（www.cninfo.com.cn）披露的《关于回购公司股份方案的 公告》（公告编号：2024-05）。 根据《上市公司股份回购规则》《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，公司应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。现将具体情况公告如下： 一、 回购公司股份的进展情况 截至2 ...

受下游周期等影响短期需求承压，看好公 司中长期发展 盈利预测与投资建议 风险提示 | --- | --- | --- | --- | --- | --- | |------------------------------------------|------------|----------------------------------|------------|------------|----------| | | | | | | | | 公司主要财务信息 | | | | | | | | 2022A | 2023A | 2024E | 2025E | 2026E | | 营业收入 ( 百万元 ) | 1,719 | 2,091 | 2,712 | 3,610 | 4,825 | | 同比增长 (%) | 40.5% | 21.6% | 29.7% | 33.1% | 33.7% | | 营业利润 ( 百万元 ) | 568 | 648 | 765 | 997 | 1,310 | | 同比增长 (%) | 33.6% | 14.1% | 18.0% | 30.3% | 31.4% | | 归属母公司净利润 ...

Investment Rating - The report maintains a "Recommended" rating for the company, indicating a positive outlook for future performance [4]. Core Views - The company achieved a revenue of 2.09 billion yuan in 2023, representing a year-on-year growth of 21.6%, with a net profit attributable to shareholders of 538 million yuan, up 10.0% year-on-year [3]. - In Q1 2024, the company reported a revenue of 410 million yuan, down 17.8% year-on-year, and a net profit of 80 million yuan, down 30.8% year-on-year, reflecting the impact of a slowdown in industry demand [3]. - The company has successfully developed 12 high-performance composite material structural components, which are expected to contribute to future performance as downstream demand recovers [3]. - The company’s gross margin for 2023 was 49.5%, with a net margin of 27.5%, indicating strong profitability despite some fluctuations [3]. - The company is recognized as a leader in high-end quartz materials in China, with significant certifications from major semiconductor manufacturers [3]. Financial Summary - Revenue projections for 2024 to 2026 are 2.39 billion yuan, 2.98 billion yuan, and 3.70 billion yuan, respectively, with growth rates of 14.5%, 24.5%, and 24.1% [2][6]. - Net profit forecasts for the same period are 620 million yuan, 779 million yuan, and 1.00 billion yuan, with growth rates of 15.4%, 25.5%, and 28.5% [2][6]. - The company’s earnings per share (EPS) are projected to increase from 1.03 yuan in 2023 to 1.93 yuan in 2026 [2][6]. - The price-to-earnings (PE) ratio is expected to decrease from 26 in 2023 to 14 in 2026, indicating potential for valuation improvement [2][6]. Product Performance - In 2023, revenue from quartz products grew by 52.2% to 680 million yuan, while quartz materials revenue increased by 9.7% to 1.34 billion yuan [3]. - The company’s subsidiary, Shanghai Shichuang, saw a revenue increase of 56.8% to 670 million yuan, and net profit growth of 25.2% to 60 million yuan [3]. - The company has increased its research and development efforts, with R&D expenses rising to 10.7% of total revenue [3].

证券研究报告·公司点评报告·航空装备Ⅱ | --- | --- | --- | --- | --- | --- | |------------------------------|--------|--------|--------|--------|--------| | 盈利预测与估值 [Table_EPS] | 2022A | 2023A | 2024E | 2025E | 2026E | | 营业总收入（百万元） | 1,719 | 2,091 | 2,390 | 2,890 | 3,412 | | 同比 | 40.52 | 21.59 | 14.34 | 20.92 | 18.06 | | 归母净利润（百万元） | 488.87 | 537.65 | 573.26 | 721.01 | 873.61 | | 同比 | 32.08 | 9.98 | 6.62 | 25.77 | 21.16 | | EPS- 最新摊薄（元 / 股） | 0.94 | 1.03 | 1.10 | 1.39 | 1.68 | | P/E （现价 & 最新摊薄） | 28.15 | 25.59 | 24.00 | 19.08 ...

（一）《关于湖北菲利华石英玻璃股份有限公司2024年第一季度报告的议案》 证券代码：300395 证券简称：菲利华 公告编号：2024-28 湖北菲利华石英玻璃股份有限公司 第六届监事会第九次会议决议公告 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。 一、监事会会议召开情况 2024 年4 月26 日，湖北菲利华石英玻璃股份有限公司（以下简称"公司"）第六届 监事会第九次会议在公司会议室举行。会议通知于2024年4月20日以通讯和邮件的方式 发出。本次会议由第六届监事会主席李再荣女士主持。出席监事3 名，占公司监事总数的 100%，符合《湖北菲利华石英玻璃股份有限公司章程》规定的法定人数，本次监事会会 议决议合法有效。 二、监事会会议审议情况 2024年4月26日 经认真审核，监事会认为：董事会编制和审核公司 2024 年第一季度报告的程序符合 法律、行政法规和中国证监会的规定，报告内容真实、准确、完整地反映了公司的实际情 况，不存在任何虚假记载、误导性陈述或重大遗漏。 本议案具体内容详见公司同日在中国证监会指定的创业板信息披露网站巨潮资讯网 （www.cn ...

Financial Performance - The company's revenue for Q1 2024 was ¥410,249,218.63, a decrease of 17.81% compared to ¥499,175,817.84 in the same period last year[12] - Net profit attributable to shareholders was ¥77,426,245.04, down 30.77% from ¥111,838,895.64 year-on-year[12] - The net profit after deducting non-recurring gains and losses was ¥49,124,740.89, a decline of 54.06% compared to ¥106,921,404.64 in the previous year[12] - Basic earnings per share were ¥0.1489, down 31.95% from ¥0.2188 year-on-year[12] - The total comprehensive income attributable to the parent company was 77,426,245.04, compared to 111,838,895.64 in the previous period, indicating a decline in overall performance[50] Cash Flow - The net cash flow from operating activities was -¥116,383,122.28, a significant decrease of 237.94% from ¥84,375,318.12 in the same period last year[12] - The cash inflow from operating activities totaled ¥273,440,023.22, a decrease of 27.5% compared to ¥376,755,250.78 in the previous period[51] - Cash received from sales of goods and services was ¥237,319,001.21, down from ¥295,380,546.12 in the prior period[51] - Cash received from tax refunds was ¥3,583,973.44, significantly lower than ¥13,964,276.43 in the previous period[51] - Cash received from other operating activities amounted to ¥32,537,048.57, a decrease from ¥67,410,428.23 year-on-year[51] - Cash paid for purchasing goods and services was ¥179,458,465.37, an increase from ¥149,818,738.62 in the previous period[51] - The total net increase in cash and cash equivalents was -19,870,987.90, compared to an increase of 104,808,303.43 in the prior period[40] Assets and Liabilities - Total assets at the end of the reporting period were ¥6,077,537,531.64, an increase of 2.75% from ¥5,915,013,040.01 at the end of the previous year[12] - Current assets totaled CNY 3,111,366,804.64, up 7.7% from CNY 2,889,191,868.45[34] - Non-current assets decreased to CNY 2,966,170,727.00 from CNY 3,025,821,171.56, a decline of 2.0%[34] - Total liabilities increased to CNY 1,500,001,488.97 from CNY 1,413,761,795.25, representing a growth of 6.1%[37] - Long-term borrowings increased by 37.72% to ¥156,342,484.44, indicating growth in operational needs[26] Shareholder Information - Shareholders' equity attributable to the parent company was ¥3,994,032,753.60, up 1.88% from ¥3,920,349,774.33 at the end of the previous year[12] - The total number of ordinary shareholders at the end of the reporting period was 18,885[29] - The largest shareholder, Deng Jiagui, holds 7.57% of shares, amounting to 39,331,174 shares[29] Research and Development - R&D expenses increased by 46.43% to ¥59,451,848.71, driven by a higher number of R&D projects[27] - Research and development expenses amounted to 59,451,848.71, up from 40,601,249.03, indicating increased investment in innovation[47] Government Support and Other Income - The company received government subsidies amounting to ¥27,327,999.68 during the reporting period[13] - Other income surged by 752.72% to ¥31,163,481.52, attributed to increased government subsidies related to revenue[27] - Investment income increased by 1528.43% to ¥2,883,829.90, due to higher financial management returns[27] Operational Costs - Total operating costs for Q1 2024 were CNY 349,840,329.38, down from CNY 363,240,535.96, reflecting a cost reduction strategy[37] - The company reported a significant increase in sales expenses to 5,161,279.14 from 4,772,891.93, suggesting higher costs associated with sales efforts[47] Share Repurchase Plan - The company plans to repurchase shares with an amount between ¥50 million and ¥100 million, with a maximum price of ¥44 per share[23]

湖北菲利华石英玻璃股份有限公司（以下简称"菲利华"或"公司"）于 2024 年 4 月 26 日在公司会议室以现场与通讯相结合的方式召开第六届董事会第九次会议，会议通 知于2024 年4月20日以通讯和邮件的方式发出。会议由董事长商春利先生主持，本次董 事会应出席的人数9 人，实际出席会议的董事9 人，占公司董事总数的100%。会议的召 集和召开符合《中华人民共和国公司法》等法律法规和《湖北菲利华石英玻璃股份有限公 司章程》的相关规定。 二、董事会会议审议情况 （一）《关于湖北菲利华石英玻璃股份有限公司2024年第一季度报告的议案》 证券代码：300395 证券简称：菲利华 公告编号：2024-29 湖北菲利华石英玻璃股份有限公司 第六届董事会第九次会议决议公告 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。 一、董事会会议召开情况 （二）第六届董事会审计委员会第六次会议决议。 特此公告。 湖北菲利华石英玻璃股份有限公司董事会 经审议，董事会认为：公司《2024年第一季度报告》编制符合法律、行政法规和中国 证券监督管理委员会、深圳证券交易所的相关法律法规、规范 ...

Financial Performance - The company's operating revenue for 2023 was CNY 2,090,542,556, representing a 21.59% increase compared to CNY 1,719,365,170 in 2022[19]. - Net profit attributable to shareholders for 2023 was CNY 537,647,720, a 9.98% increase from CNY 488,738,697 in 2022[19]. - Basic earnings per share for 2023 were CNY 1.0527, up 9.19% from CNY 0.9641 in 2022[19]. - Total assets at the end of 2023 reached CNY 5,915,013,040, a 36.77% increase from CNY 4,324,154,700 at the end of 2022[19]. - The net assets attributable to shareholders increased by 30.40% to CNY 3,920,349,774 from CNY 3,006,372,490 in 2022[19]. - The company reported a total of CNY 41,842,423.82 in non-recurring gains for 2023, compared to CNY 15,734,369.95 in 2022[27]. - The revenue from non-metal mineral products accounted for 96.48% of total revenue, amounting to ¥2,016,986,749.5, with a year-on-year growth of 21.12%[57]. - The sales of quartz glass products increased by 52.21% to ¥680,643,721.76, while quartz glass materials saw a 9.71% increase to ¥1,336,343,027.7[58]. - The company's total distributable profit was RMB 1,440,100,794.58, with cash dividends accounting for 100% of the profit distribution[144]. Market and Industry Outlook - The semiconductor industry is projected to rebound in the second half of 2023, with a forecasted double-digit growth in 2024, indicating a positive long-term outlook for related materials[32]. - The semiconductor market demand is expanding, leading to stable growth in the production and sales of quartz glass materials and products used in semiconductor processes[33]. - The Chinese photovoltaic industry saw a new installed capacity of 216.9 GW in 2023, a year-on-year increase of 148.1%[38]. - The global photovoltaic new installed capacity reached 444 GW in 2023, reflecting a year-on-year growth of 76.2%[38]. - The company is focusing on high-performance quartz glass materials, which are essential for industries such as semiconductors and aerospace[31]. Risks and Challenges - The company faces risks of revenue fluctuations due to macroeconomic volatility affecting market demand for high-performance quartz glass products used in various sectors including semiconductors and aerospace[4]. - There is a risk of declining gross margins if competition in the quartz glass material industry intensifies or if raw material costs increase[4]. - The company has a risk of investment decision errors due to the confidentiality of certain aerospace-related products[4]. - The company has faced uncertainty regarding its ability to continue as a going concern, as indicated by the negative net profit figures in recent years[20]. Research and Development - Research and development investment totaled ¥223,206,818.09, marking a year-on-year increase of 44.28%[45]. - The company successfully developed several key materials, including high-purity electric melting opaque quartz and environmentally friendly chlorine-free synthetic quartz glass[46]. - The company has established a comprehensive R&D platform, including a national key project production base and provincial engineering research centers, to meet the demands of high-tech industries[49]. - R&D investment in 2023 amounted to ¥223.21 million, representing 10.68% of operating revenue, an increase from 9.00% in 2022[72]. Corporate Governance - The company emphasizes the importance of understanding the risks associated with forward-looking statements regarding future plans and performance[4]. - The company’s financial report has been confirmed by its board of directors and senior management for accuracy and completeness[4]. - The company has established a performance evaluation and incentive mechanism for its directors and senior management to ensure accountability and transparency[111]. - The company is committed to enhancing its governance structure and ensuring compliance with relevant laws and regulations, thereby improving operational transparency[110]. - The company has maintained a focus on corporate governance and operational efficiency throughout the reporting period[131]. Social Responsibility and Community Engagement - The company donated ¥1,942,000 to support local education, including ¥1,700,000 to 11 primary and secondary schools[48]. - The company is committed to fulfilling social responsibilities, protecting the environment, and maintaining stakeholder interests[102]. - The company has installed a photovoltaic power generation capacity of 3.76 MW, generating 3.4 million kWh annually, contributing to carbon neutrality efforts[165]. - The company has reduced water consumption by 10,000 to 15,000 tons per month through an internal water recycling network[166]. Employee Development and Training - The company conducted 868 training courses in 2023, totaling 1,358.3 hours, with 25,817 participants, resulting in an average of 27.1 hours of training per person, a 37.5% increase in total course hours year-on-year[140]. - The company has established a multi-level career development pathway and a performance evaluation mechanism to enhance employee engagement and retention[140]. - The total number of employees at the end of the reporting period was 2,764, including 1,452 at the parent company and 1,312 at major subsidiaries[137]. Strategic Initiatives - The company aims to become a leading supplier of quartz glass materials in the semiconductor and optical fields during the 14th Five-Year Plan period, with a focus on increasing market share and product quality[102]. - The company plans to enhance production efficiency and quality through process improvements and cost control measures, aiming for sustainable and scalable growth[103]. - The company is actively pursuing opportunities in the aerospace and semiconductor markets, driven by national support for these industries[101]. - The company is focusing on expanding its product lines and enhancing innovation capabilities to strengthen its competitive position[103]. Financial Management - The company's total investment during the reporting period was approximately ¥1.70 billion, representing a 2.06% increase compared to ¥1.67 billion in the previous year[82]. - The company's financial expenses decreased by 40.52% to -14,502,773.28 yuan, attributed to changes in exchange rates and reduced foreign exchange losses[70]. - The company's total assets included cash and cash equivalents of ¥586.41 million, down from ¥824.41 million at the beginning of the year, a decrease of 9.15%[77]. Shareholder Engagement - The annual shareholders' meeting had a participation rate of 30.55% on May 12, 2023, ensuring shareholder engagement in decision-making[114]. - The company’s cash dividend policy aligns with its articles of association and shareholder resolutions, ensuring transparency and protection of minority shareholders' rights[143]. - The company plans to distribute a cash dividend of RMB 2.10 per 10 shares, totaling RMB 109,063,935.33, based on a total share capital of 519,352,073 shares[144].