证券代码：300470 证券简称：中密控股 中密控股股份有限公司投资者关系活动记录表 编号：2025-002 （2）橡塑密封板块：2024 年，优泰科高附加值产品占比 有所提升、降本增效进一步发挥作用，带来收入同比小幅增长 的同时净利润增长明显，收入同比增长 8.18%，净利润同比增 长 58.67%。 在煤炭矿山传统优势领域，优泰科签订订单及项 目执行情况都较好；盾构方面，成功开发橡胶主驱动密封，并 已经在市场上取得良好应用；全氟醚橡胶 O 形圈已实现量产。 全氟醚橡胶密封圈价值高，毛利也不错，对优泰科的业绩增长 会有帮助。另外，橡塑密封板块新的车削产线已建成全面投 产。我们对橡塑密封 2025 年的经营保持比较乐观的判断。 （3）特种阀门板块：子公司新地佩尔市场拓展成果较好， 与公司协同效应进一步提升，在水工、石化领域签订多个大项 目订单，空气储能领域与国际市场也取得订单，收入同比增长 37.28%，净利润同比增长 108.3%。另外特种阀门板块新园区研 发试验中心的投用带来新地佩尔试验水平质的飞跃，新地佩 尔的阀门流量流阻试验装置位居国内前列。随着新市场不断 拓展，特种阀门板块未来的业绩表现值得期待。 ...

证券代码：300470 证券简称：中密控股 公告编号：2025-024 第六届监事会第六次会议决议公告 本公司及监事会全体成员保证信息披露内容的真实、准确、 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 表决结果：3 票同意、0 票反对、0 票弃权。 中密控股股份有限公司 中密控股股份有限公司（以下简称"公司"）第六届监事会第六次会议通知 及相关资料已于 2025 年 4 月 14 日以电话、电子邮件或专人送达等方式通知全体 监事，并于 2025 年 4 月 23 日以通讯会议的方式召开。本次会议应出席监事 3 人，实际出席监事 3 人。本次会议由监事会主席霍浩廷先生召集并主持，董事会 秘书沈小华先生列席参加。会议的召集、召开符合《公司法》和《公司章程》等 有关法律法规的规定，会议合法有效。 二、监事会会议审议情况 经与会监事认真审议，本次会议以书面记名投票的方式表决通过并形成了以 下决议： 1、审议通过《关于〈2025 年第一季度报告〉全文的议案》 特此公告。 中密控股股份有限公司监事会 二〇二五年四月二十四日 与会监事认为，董事会编制和审核公司《2025 年第一季度报告》全文的程 序 ...

证券代码：300470 证券简称：中密控股 公告编号：2025-023 中密控股股份有限公司 第六届董事会第六次会议决议公告 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 中密控股股份有限公司（以下简称"公司"）第六届董事会第六次会议通知 及相关资料已于2025年4月14日以电话、电子邮件或专人送达等方式通知全体董 事，并于2025年4月23日以通讯会议的方式召开。本次会议应出席董事9人（其中 独立董事3人），实际出席董事9人。本次会议由董事长彭玮先生召集并主持，全 体监事列席会议。会议的召集、召开符合《公司法》等有关法律、行政法规、部 门规章、规范性文件和《中密控股股份有限公司章程》（以下简称"《公司章程》"） 的相关规定，会议合法有效。 二、董事会会议审议情况 经与会董事认真审议，本次会议以书面记名投票的表决方式通过并形成以下 决议： 1、审议通过《关于<2025 年第一季度报告>全文的议案》 表决结果：9 票同意、0 票反对、0 票弃权。 与会董事认为，公司《2025年第一季度报告》全文能够真实、准确地反映公 司2025年第一季 ...

Financial Performance - The company's revenue for Q1 2025 was CNY 410,489,226.79, representing a 21.99% increase compared to CNY 336,484,525.26 in the same period last year[4] - Net profit attributable to shareholders was CNY 94,354,626.21, up 13.84% from CNY 82,885,498.36 year-over-year[4] - Basic earnings per share increased to CNY 0.4640, reflecting a growth of 14.97% from CNY 0.4036 in the prior year[4] - Total operating revenue increased to ¥410,489,226.79, up from ¥336,484,525.26, representing a growth of approximately 22%[27] - Net profit for the period reached ¥94,544,271.45, an increase from ¥83,010,433.58, marking a growth of around 14%[28] - The net profit attributable to the parent company was 94,354,626.21, an increase from 82,885,498.36 in the previous period, reflecting a growth of approximately 13.5%[29] - The total comprehensive income amounted to 96,817,242.64, compared to 83,006,807.46 in the prior period, indicating an increase of about 16.5%[29] - Basic earnings per share rose to 0.4640 from 0.4036, representing an increase of approximately 15.0%[29] Cash Flow - The net cash flow from operating activities was negative CNY 4,737,499.33, a decline of 203.66% compared to a positive CNY 4,570,085.34 in the previous year[4] - Cash inflow from operating activities totaled 239,641,694.14, up from 213,727,927.76, marking an increase of about 12.1%[31] - The net cash flow from investing activities was -145,476,629.78, worsening from -42,979,341.86 in the previous period[32] - The net cash flow from financing activities was -8,528,724.10, compared to -15,091,472.21 in the prior period, indicating an improvement[33] Assets and Liabilities - Total assets at the end of the reporting period were CNY 3,286,140,708.65, a 1.84% increase from CNY 3,226,905,659.77 at the end of the previous year[4] - Total liabilities decreased to ¥502,809,543.28 from ¥539,061,304.27, a reduction of approximately 6.7%[25] - Cash and cash equivalents decreased by 46.64% to CNY 210,418,635.86, mainly due to payments related to the acquisition of Krüger & Sohn GmbH and fixed asset construction[12] - Cash and cash equivalents in current assets totaled ¥292,159,990.49, up from ¥202,588,167.66, reflecting an increase of about 44%[24] Operating Costs - The company reported a significant increase in operating costs, which rose by 30.33% to CNY 228,122,133.37, primarily due to the inclusion of Krüger & Sohn GmbH's operational costs[10] - Total operating costs rose to ¥309,085,317.87, compared to ¥245,697,014.73, reflecting an increase of about 26%[28] Shareholder Information - The company has a total of 10,652,052 shares under lock-up due to the 2024 restricted stock incentive plan, which includes 4,603,000 newly added restricted shares[17] - The top 10 unrestricted shareholders hold a total of 100,000,000 shares, with the largest shareholder holding 45,970,265 shares[15] - The company has a significant presence of institutional investors, with Hong Kong Central Clearing holding 18,833,183 shares, representing 9.05% of total shares[15] - The company’s management has a total of 6,049,052 shares under lock-up, with specific executives having 25% of their shares eligible for release annually[17] - The company’s restricted stock incentive plan includes 227 individuals, with conditions for gradual unlocking of shares[17] Investment Activities - Cash flow from investment activities showed a net outflow of CNY 145,476,629.78, a 238.48% increase in outflow compared to CNY -42,979,341.86 in the previous year[11] - The company utilized 9,350,000 euros to acquire 100% equity of Krüger & Sohn GmbH and part of the assets of Alfred Krüger e.K. through its subsidiary ZM Investment GmbH[21] - The company plans to implement a 2024 restricted stock incentive plan, which was approved by the board and shareholders in late 2024[20] Financial Management - The company approved the use of up to RMB 900 million of idle funds for cash management, with a validity period of 12 months[18] - As of the reporting period, the company utilized RMB 565 million for cash management, with an unexpired amount of RMB 513.126 million, remaining within the approved limit[18] - The company’s cash management products are subject to a maximum investment period of 12 months[18] - The company’s investment strategy includes purchasing financial products to ensure liquidity without affecting normal operations[18] - The company has a low-risk profile for its financial products, with various structured deposits offering returns between 1.05% and 3.6%[19] - The company is focusing on low-risk financial products, with several offerings categorized as low-risk and medium-low risk[19] Market Strategy - The company is expanding its market presence through strategic acquisitions and investments in overseas subsidiaries[21] - The company is actively engaging in new product development and market expansion strategies to enhance its competitive position[20] Audit Information - The company did not undergo an audit for the first quarter report[34]

中密控股（300470）公告，2025年第一季度营业收入4.1亿元，同比增长21.99%。净利润9435.46万元， 同比增长13.84%。 ...

中密控股股份有限公司 2025 年第一季度报告披露的提示性公告 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。 中密控股股份有限公司（以下简称"公司"）于 2025 年 4 月 23 日召开第六 届董事会第六次会议，审议通过了《关于<2025 年第一季度报告>全文的议案》。 为使投资者全面了解公司的经营成果、财务状况等相关情况，公司《2025 年第一季度报告》于 2025 年 4 月 25 日在中国证监会指定创业板信息披露媒体巨 潮资讯网（http://www.cninfo.com.cn）披露，请投资者注意查阅。 特此公告。 中密控股股份有限公司董事会 证券代码：300470 证券简称：中密控股 公告编号：2025-022 二〇二五年四月二十四日 ...

环境、社会及公司治理报告 2024 Environmental, Social and Governance Report 匠心铸品质 创新造非凡 目录 | 关于本报告 | 01 | | --- | --- | | 前言 | 02 | | 管理层致辞 | 02 | | 关于中密控股 | 03 | | ESG管理 | 09 | | 附录 | 48 | | ESG绩效表 | 48 | | 指标索引表 | 53 | | 读者意见反馈 | 54 | 01 构建稳健经营根基 | 公司治理 | 12 | 环境管理体系 | 18 | | --- | --- | --- | --- | | 商业道德 | 13 | 能源与碳管理 | 20 | | 合规与风险管理 | 14 | 资源利用 | 24 | | 知识产权保护 | 15 | 排放与废弃物管理 | 25 | | 网络信息安全 | 16 | 生态保护 | 27 | 02 践行绿色低碳行动 | 环境管理体系 | 18 | | --- | --- | | 能源与碳管理 | 20 | | 资源利用 | 24 | | 排放与废弃物管理 | 25 | 03 保障员工权益发展 | 基本 ...

Investment Rating - The report maintains a "Buy" investment rating for the company [2][9] Core Views - The company has achieved steady revenue growth driven by both organic and external factors, with a 14.40% year-on-year increase in revenue to 1.567 billion yuan and a 13.21% increase in net profit to 392 million yuan for 2024 [4][9] - The company demonstrates operational resilience through effective cost control and a high dividend policy, proposing a cash dividend of 5 yuan per 10 shares for 2024 [4] - Strategic breakthroughs have been made through mergers and acquisitions, with significant contributions from acquired companies and a 50% increase in overseas revenue, reaching 200 million yuan [5][9] - The company is focusing on technological advancements and capacity expansion, with a research investment of 75.77 million yuan in 2024 and the successful production of diamond-coated seals [8][9] Summary by Sections Financial Performance - In 2024, the company reported revenue of 1.567 billion yuan, a 14.40% increase year-on-year, and a net profit of 392 million yuan, reflecting a 13.21% growth [4][11] - The gross profit margin decreased by 1.31 percentage points to 48.34%, while the expense ratio improved by 1.49 percentage points to 20.24% [4] Mergers and Acquisitions - The company has successfully integrated several acquisitions, including Yutai Technology and Xin Di Pei Er, with net profits of 29.90 million yuan and 28.18 million yuan respectively, showing significant synergy effects [5] - The acquisition of KS GmbH further strengthens the company's upstream integration capabilities in the rubber and plastic sealing sector [5] International Expansion - The company has seen a notable increase in international business, with overseas revenue growing by 50% to 200 million yuan, successfully entering high-end projects in Abu Dhabi and Algeria [5] Technological Development - The company invested 75.77 million yuan in R&D, achieving breakthroughs in core technologies and securing 19 patents in 2024 [8] - Capacity upgrades are ongoing, with the production line for rubber and plastic seals fully operational and efficiency improvements through PLM/WMS systems [8] Profit Forecast - Revenue forecasts for 2025, 2026, and 2027 are 1.761 billion yuan, 2.015 billion yuan, and 2.239 billion yuan respectively, with corresponding EPS of 2.16 yuan, 2.50 yuan, and 2.74 yuan [9][11]

Investment Rating - The report maintains a "Buy" investment rating for the company [2][9] Core Views - The company has achieved steady revenue growth driven by both organic and external factors, with a 14.40% year-on-year increase in revenue to 1.567 billion yuan and a 13.21% increase in net profit to 392 million yuan for 2024 [4][9] - The company has demonstrated strong operational resilience through effective cost control and a high dividend policy, with a proposed cash dividend of 5 yuan per 10 shares for 2024 [4] - Strategic breakthroughs have been made through mergers and acquisitions, with significant contributions from acquired companies and a 50% year-on-year increase in overseas revenue [5][9] - The company is focusing on technological advancements and capacity expansion, with a research and development investment of 75.77 million yuan in 2024 and the successful production of diamond-coated seals [8][9] Summary by Sections Financial Performance - In 2024, the company reported revenue of 1.567 billion yuan, a 14.40% increase year-on-year, and a net profit of 392 million yuan, reflecting a 13.21% growth [4][11] - The gross margin for the year was 48.34%, despite a decline of 1.31 percentage points due to weak demand in the petrochemical industry [4] Mergers and Acquisitions - The company has successfully integrated several acquisitions, including Yutai Technology and New Dipei, with net profits of 29.90 million yuan and 28.18 million yuan respectively, showing significant synergy effects [5] - The acquisition of KS GmbH further strengthens the company's upstream integration capabilities in the rubber and plastic sealing sector [5] International Expansion - The company has seen a notable increase in international business, with overseas revenue reaching 200 million yuan, a 50% increase year-on-year [5] - Successful projects include high-end contracts in Abu Dhabi and Algeria, indicating strong international recognition of the company's technical capabilities [5] Technological Development - The company invested 75.77 million yuan in R&D in 2024, achieving breakthroughs in core technologies and securing 19 patents [8] - Capacity upgrades are ongoing, with the production line for rubber and plastic seals fully operational and efficiency improvements through new management systems [8] Earnings Forecast - The company is projected to achieve revenues of 1.761 billion yuan, 2.015 billion yuan, and 2.239 billion yuan for 2025, 2026, and 2027 respectively, with corresponding EPS of 2.16 yuan, 2.50 yuan, and 2.74 yuan [9][11]

中密控股发布年报，2024 年实现营收15.67 亿元（yoy+14.40%），归母净利3.92 亿元 （yoy+13.21%），扣非净利3.66 亿元（yoy+16.45%）。其中Q4 实现营收4.24 亿元（yoy+11.39%， qoq+1.13%），归母净利1.22 亿元（yoy+23.42%，qoq+24.64%），业绩符合我们预期。尽管2024 年下 游石化行业需求放缓，公司通过国内外深入布局实现收入与净利润显著提升。在公司国内外布局不断深 入下，预计公司2025 年有望保持稳健增长态势，维持"买入"评级。 盈利预测与估值 我们调整公司25-26 归母净利润(-4%,-8%)至4.38、5.10 亿元，并预计2027年归母净利润为5.86 亿元（三 年预测期CAGR 为15.7%），对应EPS 为2.11、2.45、2.82 元，利润端调整主要系股权激励导致费用增 长。可比公司wind 一致预期为22x，给予公司25 年22 倍 PE，调整目标价为46.42 元（前值48.18 元，25 年22 倍PE）。 毛利率稍有承压，期间费用率控制良好 2024 年公司综合毛利率48.34%，同比-1.30 ...