上海飞凯材料科技股份有限公司 第五届董事会第二十二次会议决议公告 | 证券代码：300398 | 证券简称：飞凯材料 | 公告编号：2025-052 | | --- | --- | --- | | 债券代码：123078 | 债券简称：飞凯转债 | | 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。 上海飞凯材料科技股份有限公司（以下简称"公司"）第五届董事会第二十 二次会议通知于 2025 年 4 月 25 日以电子邮件方式送达全体董事，鉴于公司根据 相关工作的安排需要，需尽快召开董事会会议审议相关事宜，经全体董事确认， 本次会议已豁免通知期限，会议于当日在公司会议室以通讯方式召开。会议应到 董事九名，实到董事九名，全体董事以通讯方式参加会议并进行表决。会议由董 事长 ZHANG JINSHAN 先生主持，公司监事和高级管理人员列席了会议。会议 符合《中华人民共和国公司法》和《公司章程》的有关规定。 经与会董事审议和表决，通过了以下决议： 1. 审议通过《上海飞凯材料科技股份有限公司关于提前赎回"飞凯转债" 的议案》 根据公司《创业板向不特定对象发行可转换公 ...

| 证券代码：300398 | 证券简称：飞凯材料 | 公告编号：2025-055 | | --- | --- | --- | | 债券代码：123078 | 债券简称：飞凯转债 | | 上海飞凯材料科技股份有限公司 关于变更回购公司股份用途的公告 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。 上海飞凯材料科技股份有限公司（以下简称"公司"）于 2025 年 4 月 25 日召开第五届董事会第二十二次会议和第五届监事会第二十次会议，审议通过了 《关于变更回购公司股份用途的议案》，公司董事会同意将公司 2022 年回购股 份方案中尚存在的 1,978,140 股公司股份用于转换公司已发行的可转换公司债券。 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》及《公司章程》等相关规定，本次变更回购公司股份用途事项 在公司董事会审批权限范围内，无需提交公司股东会审议。现将相关事项公告如 下： 一、2022 年回购股份方案的基本情况 公司于 2022 年 4 月 27 日召开第四届董事会第二十七次会议和第四届监事会 第二十次会议 ...

证券代码：300398 证券简称：飞凯材料 公告编号：2025-054 债券代码：123078 债券简称：飞凯转债 上海飞凯材料科技股份有限公司 关于提前赎回"飞凯转债"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。 重要内容提示 1、可转债赎回价格：100.87 元/张（含当期应计利息，当期年利率为 1.80%， 且当期利息含税），扣税后的赎回价格以中国证券登记结算有限责任公司深圳分 公司（以下简称"中国结算深圳分公司"）核准的价格为准。 2、可转债赎回条件满足日：2025 年 4 月 25 日 3、可转债赎回登记日：2025 年 5 月 21 日 4、可转债赎回日：2025 年 5 月 22 日 5、可转债停止交易日：2025 年 5 月 19 日 6、可转债停止转股日：2025 年 5 月 22 日 7、发行人（公司）资金到账日（到达中国结算深圳分公司账户）：2025 年 5 月 27 日 8、投资者赎回资金到账日：2025 年 5 月 29 日 9、赎回类别：全部赎回 10、根据安排，截至 2025 年 5 月 21 日收市后仍未转股的"飞凯转 ...

债券代码：123078 债券简称：飞凯转债 上海飞凯材料科技股份有限公司投资者关系活动记录表 编号：2025-001 | | □特定对象调研 □分析师会议 | | --- | --- | | 投资者关系活动 类别 | □媒体采访 ■业绩说明会 | | | □新闻发布会 □路演活动 | | | □现场参观 | | | ■其他 2024 年度暨 2025 年一季度业绩交流会 | | 参与单位名称及 | 详见附件 | | 人员姓名 | | | 时间 | 2025 年 4 月 23 日 10:00——11:00 | | 地点 | 上海飞凯材料科技股份有限公司会议室、线上会议室 | | 上市公司接待人 | 董事长兼总经理：ZHANG JINSHAN 先生 董事会秘书：严帅先生 | | 员姓名 | | | | 财务总监：王楠女士 一、 介绍 年一季度经营情况 2024 年度、2025 | | | 1、2024 年年度关键财务数据及经营业绩情况 2024 年度，公司实现营业收入约 29.18 亿元，较上年同期 | | | 增长 6.92%，主要受报告期内全球经济和宏观消费环境回暖影 | | 投资者关系活动 | 响，半导体材 ...

【WitsView整理】 4月22日晚，翰博高新、歌尔股份、芯瑞达、飞凯材料4家显示相关企业披露了 最新业绩。其中，飞凯材料实现了营收与净利润的双增长。 翰博高新 2024年，翰博高新实现营业收入23.47亿元，同比增长8.49%；归母净利润为-2.15亿元。 | | 2024 年 | 2023 年 | 本年比上年增减 | 2022 年 | | --- | --- | --- | --- | --- | | 营业收入(元) | 2, 346, 596, 324. 08 | 2, 162, 913, 098. 84 | 8. 49% | 2,207,151,471.29 | | 归属于上市公司股东 | -214,808,258.44 | 52.947.409.33 | -505. 70% | -54, 353, 374. 57 | | 的净利润(元) | | | | | | 归属于上市公司股东 的扣除非经常性损益 | -236,694,072.68 | -63, 296, 890. 92 | -273. 94% | -74, 392, 062. 25 | | 的净利润(元) | | | | | | 经营活动产生 ...

Core Viewpoint - The article discusses the recent financial performance of four display-related companies, highlighting their revenue and profit changes, as well as strategic developments in their respective markets. Group 1: Hanbo High-tech - In 2024, Hanbo High-tech achieved revenue of 2.347 billion yuan, a year-on-year increase of 8.49%, but reported a net loss of 215 million yuan [2] - The company focuses on the automotive backlight display module market, collaborating with major Tier 1 suppliers and automakers [2] - Hanbo has made breakthroughs in Mini LED technology, launching projects with brands like NIO and Chery [2] Group 2: GoerTek - In Q1 2025, GoerTek reported revenue of 16.305 billion yuan, a decrease of 15.57%, while net profit increased by 23.53% to 469 million yuan [3][4] - The company's main business includes precision components, smart acoustic devices, and smart hardware, with products widely used in smartphones and VR devices [4] Group 3: Chipright - In 2024, Chipright's display module shipments reached 117 million units, a year-on-year increase of 5.59%, with revenue of 1.18 billion yuan, up 0.62% [6] - The net profit attributable to shareholders decreased by 28.83% to 118 million yuan [6] - The company is accelerating its Mini LED technology projects and expanding its automotive display business [8] Group 4: Feikai Materials - In 2024, Feikai Materials achieved revenue of 2.918 billion yuan, a year-on-year increase of 6.92%, and net profit of approximately 246 million yuan, up 119.42% [10][11] - The company focuses on electronic chemical materials, particularly in semiconductor and display materials [11][12] - In Q1 2025, Feikai reported revenue of approximately 701 million yuan, a year-on-year increase of 4.81%, with net profit doubling to around 120 million yuan [13]

Investment Rating - The report maintains an "Accumulate" rating for the company with a target price of RMB 20.65 [7][8]. Core Insights - The company achieved a revenue of RMB 2.9 billion in 2024, representing a year-over-year increase of 7%, and a net profit of RMB 250 million, which is a significant increase of 119% year-over-year [1][4]. - The company has successfully introduced new products in the semiconductor field and is expected to see growth from ongoing projects [1][3]. - The company reported a net profit of RMB 120 million in Q1 2025, doubling year-over-year, primarily due to investment income of RMB 60 million [3]. Revenue and Profitability - The screen display materials segment generated RMB 1.37 billion in revenue in 2024, up 7% year-over-year, with a gross margin increase of 2 percentage points to 38% [2]. - The semiconductor materials segment saw a revenue increase of 20% to RMB 680 million, with a gross margin of 36% [2]. - The overall gross margin for the company improved by 1 percentage point to 35%, and the net profit margin increased by 4 percentage points to 9% in 2024 [2]. Future Projections - The forecast for net profit is adjusted to RMB 310 million for 2025 and RMB 360 million for 2026, with a projected growth of 27% and 15% respectively [4]. - The company is expected to maintain a steady growth trajectory with an EPS of RMB 0.59 for 2025, increasing to RMB 0.78 by 2027 [4][6]. Market Position and Strategy - The company has successfully integrated into the supply chains of several well-known semiconductor enterprises, enhancing its market competitiveness [2][3]. - The introduction of new products, such as the next-generation photoinitiator TMO, is expected to fill market gaps and drive future revenue growth [3].

Core Viewpoint - The company achieved significant growth in net profit and non-recurring net profit for 2024, but faced challenges with cash flow management and a decline in R&D investment ratio [1][4][5]. Financial Performance - The company reported total revenue of 2.918 billion yuan, a year-on-year increase of 6.92% [1]. - Net profit reached 247 million yuan, showing a substantial year-on-year growth of 119.42% [1]. - Non-recurring net profit was 240 million yuan, reflecting a remarkable increase of 379.65% year-on-year [1]. - Operating cash flow net amount decreased by 84.64% year-on-year, amounting to 14.0587 million yuan, indicating cash flow management issues [4]. Cash Flow and Profitability - The company's gross profit margin for 2024 was 35.11%, a decrease of 0.40 percentage points compared to the previous year [4]. - The decline in cash flow was attributed to an increase in accounts receivable and a decrease in inventory turnover rate, which may negatively impact future liquidity [4]. Research and Development - The company increased R&D investment, with R&D expenses accounting for 6.23% of total revenue in 2024 [5]. - New products, such as the next-generation photoinitiator TMO and UltraLowAlphaMicroball, achieved significant market progress and received multiple industry awards [5]. - However, the R&D investment ratio decreased from 7.5% in 2021 to 6.23% in 2024, which may adversely affect the company's long-term technological competitiveness [5][6]. Shareholder Returns and Social Responsibility - The company distributed cash dividends of 0.65 yuan per 10 shares, totaling 34.33 million yuan, but the dividend payout ratio decreased from 37.50% in 2023 to 13.19% in 2024 [7]. - The company actively engaged in social responsibility initiatives, providing material and financial support to fire brigades and disadvantaged groups [7]. - There is a noted disparity between the growth in net profit and the investment in social responsibility, indicating potential areas for improvement in balancing shareholder returns and social contributions [7].

Core Viewpoint - The company has reported its annual financial results, highlighting its business operations, financial status, and future development plans, with a focus on its core business areas in semiconductor materials, display materials, UV curing materials, and organic synthesis materials [1][5]. Company Overview - The company has expanded its core business from UV curing materials in optical communication to four major areas: semiconductor materials, display materials, UV curing materials, and organic synthesis materials, maintaining a mission to provide high-quality materials for high-tech manufacturing [5][6]. - The company operates over 30 subsidiaries across regions including Japan, Singapore, the United States, and East and South China [5]. Business Segments Semiconductor Materials - The semiconductor materials include photoresists and wet process electronic chemicals used in semiconductor manufacturing and advanced packaging, as well as traditional packaging materials like solder balls and epoxy encapsulants [6]. - The company has developed a complete temporary bonding solution for semiconductor manufacturing, which supports various disassembly methods [6]. Display Materials - Display materials consist of photoresists and liquid crystal materials for TFT-LCD and OLED screens, with a significant focus on developing proprietary technologies [7]. - The company’s subsidiary, Hecheng Display, is a key supplier in the mid-to-high-end TN/STN field and has received multiple technology awards for its innovations [7]. UV Curing Materials - UV curing materials are crucial for fiber optic cable manufacturing and include coatings that protect optical fibers and enhance their mechanical and optical properties [8]. - The company has developed advanced UV curing materials and has received several awards for its innovations in this field [8]. Organic Synthesis Materials - Organic synthesis materials include photoinitiators and pharmaceutical intermediates, with a focus on applications in antiviral drugs and antibiotics [9]. - The company’s innovative photoinitiator TMO has gained recognition and awards for its contributions to human health and industry challenges [9]. Industry Characteristics - The semiconductor materials industry is characterized by a broad application field and high demand dispersion, with no significant industry cyclicality, primarily influenced by macroeconomic trends [10]. - The display materials sector exhibits cyclicality due to its dependence on the economic conditions affecting display device sales, with demand typically peaking in the second half of the year [11]. - The UV curing materials market is closely tied to the economic cycle, with stable growth during economic prosperity and declines during downturns [12]. - Organic synthesis materials have a diverse application landscape, with demand influenced by macroeconomic fluctuations and technological advancements, showing no significant seasonality [12]. Financial Data - The company has not required retrospective adjustments or restatements of previous financial data, indicating stability in its financial reporting [13]. - The company’s major accounting data and financial indicators for the past two years are available, reflecting its operational performance [15]. Important Events - The company has approved a profit distribution plan for 2023, proposing a cash dividend of RMB 0.80 per 10 shares, with no stock dividends or capital reserve transfers [16][17]. - The company has undergone a change in its accounting practices due to regulatory requirements, correcting prior accounting errors and adjusting financial statements accordingly [16]. - The company has decided to sell its wholly-owned subsidiary, Dairui Technology, to ensure continued operational stability amid market pressures [18].

| 证券代码：300398 | 证券简称：飞凯材料 | 公告编号：2025-051 | | --- | --- | --- | | 债券代码：123078 | 债券简称：飞凯转债 | | 上海飞凯材料科技股份有限公司 关于使用暂时闲置募集资金进行现金管理 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。 上海飞凯材料科技股份有限公司（以下简称"公司"）于 2025 年 3 月 24 日 召开第五届董事会第二十次会议和第五届监事会第十八次会议，审议通过了《关 于使用暂时闲置募集资金进行现金管理的议案》，同意公司（含募投项目实施主 体）在不影响可转换公司债券募集资金使用的情况下使用不超过人民币 2 亿元 （含）暂时闲置募集资金进行现金管理，购买商业银行、证券公司等金融机构发 行的结构性存款、大额存单、定期存款、通知存款等流动性好、安全性高的理财 产品，单个产品的投资期限不超过 12 个月（含）。上述额度有效期自董事会审 议通过之日起一年内有效，在前述额度和期限范围内，资金可以循环滚动使用。 如单笔交易的存续期超过了决议的有效期，则决议的有效期自动顺延至单 ...