■■■■■■■■■■■■■ | ■■■■■ | 2025■■■■ | 2024■■■■ | ■■■■■■■(%) | 2023■■■■ | | --- | --- | --- | --- | --- | | ■■■■■■■■■ | 0.0169 | 0.0525 | -67.81 | 0.0343 | | ■■■■■■■■ | 2.49 | 2.52 | -1.19 | 3.01 | | ■■■■■(■) | 0.1 | 0.11 | -9.09 | 0.41 | | ■■■■■■■(■) | 1.22 | 1.25 | -2.4 | 1.51 | | ■■■■■■■(■) | - | - | - | - | | ■■■■(■■) | 1.59 | 1.71 | -7.02 | 1.45 | | ■■■(■■) | 0.05 | 0.17 | -70.59 | 0.11 | | ■■■■■■(%) | 0.68 | 2.08 | -67.31 | 1.40 | ■■■■■■■■■■■■■■■>> ■■■■■■■■■■ ■■■10■■■■■■■■■■■■ ■■■■■■■■■■■ ■■■■■■■■■■■■ 120 ...

Financial Performance - The company's revenue for Q1 2025 was ¥158,896,631.34, a decrease of 6.89% compared to ¥170,660,339.68 in the same period last year[7]. - Net profit attributable to shareholders was ¥5,443,704.61, down 67.82% from ¥16,915,154.95 year-on-year[7]. - Basic earnings per share decreased to ¥0.0169, down 67.81% from ¥0.0525 in the same period last year[7]. - Operating profit decreased significantly to ¥2,979,395.20, down 85.4% from ¥20,418,414.60 in the previous period[24]. - Net profit for the current period is ¥4,829,946.92, a decline of 71.5% compared to ¥16,981,615.53 in the previous period[24]. - The total comprehensive income attributable to the parent company was 5,443,704.61, down from 16,915,154.95 in the previous period, indicating a decline in overall profitability[25]. - The total comprehensive income for the period was 4,829,946.92, compared to 16,981,615.53 in the previous period, reflecting a significant decrease[25]. Cash Flow - The net cash flow from operating activities was -¥37,588,706.39, a decline of 249.05% compared to ¥25,219,107.12 in the previous year[14]. - Total cash inflow from operating activities was 83,734,838.72, down from 109,793,165.40 in the previous period, indicating a decline in cash receipts from operations[28]. - Cash outflow from operating activities totaled 121,323,545.11, an increase from 84,574,058.28 in the previous period, highlighting increased operational expenses[28]. - The net cash flow from investing activities was 4,453,582.38, a recovery from -17,965,923.88 in the previous period, suggesting improved investment returns[28]. - Cash inflow from financing activities was 60,000,000.00, up from 37,663,530.00 in the previous period, indicating increased borrowing[28]. - The net cash flow from financing activities was -13,933,186.10, worsening from -3,614,837.48 in the previous period, reflecting higher debt repayments[28]. Assets and Liabilities - Total assets at the end of the reporting period were ¥1,095,536,794.76, a decrease of 1.76% from ¥1,115,209,673.77 at the end of the previous year[7]. - Total liabilities decreased to ¥256,556,200.81 from ¥283,153,182.11, a decrease of 9.4%[21]. - Cash and cash equivalents decreased to ¥91,573,192.52 from ¥139,104,180.57, a drop of 34.2%[20]. - Accounts receivable increased to ¥159,792,991.33 from ¥103,691,459.65, an increase of 54.1%[20]. - Short-term borrowings decreased to ¥100,000,000.00 from ¥131,330,000.00, a reduction of 24.0%[21]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 15,193[15]. - The largest shareholder, Lü Shiming, holds 22.92% of shares, totaling 73,891,799 shares, with 20,886,684 shares pledged[15]. - Jiangsu Fenghui New Energy Development Co., Ltd. holds 16.98% of shares, totaling 54,745,823 shares, with 27,372,911 shares pledged[15]. - The top 10 shareholders collectively hold a significant portion of the company's equity, with the largest shareholder holding nearly 23%[15]. - The total number of restricted shares at the end of the period is 59,345,886, down from 78,604,641 at the beginning of the period[17]. - Lü Shiming's restricted shares decreased by 18,472,950 during the period, now totaling 55,418,849[17]. - The company has no preferred shareholders or changes in preferred shareholder structure reported[16]. - The company has not reported any changes in the top 10 shareholders due to margin trading activities[16]. - The company has a clear structure of shareholder relationships, with several shareholders being related or acting in concert[15]. - The company is maintaining a focus on shareholder equity management and transparency in reporting shareholder structures[15]. Operational Costs and Expenses - Total operating costs increased to ¥158,202,045.14, up 1.0% from ¥156,042,664.18 in the previous period[24]. - The company reported an increase in research and development expenses to ¥13,578,803.75, up 16.6% from ¥11,642,396.73 in the previous period[24]. - Financial expenses increased by 67.53% to ¥1,120,202.25, mainly due to higher interest expenses on bank loans[12].

8.行业以后的发展前景怎样？ 证券代码：300522 证券简称：世名科技 苏州世名科技股份有限公司 投资者关系活动记录表 编号：2025-002 | 投资者关系活动类别 | ☐特定对象调研 ☐分析师会议 | | --- | --- | | | ☐媒体采访 业绩说明会 | | | ☐新闻发布会 ☐路演活动 | | | ☐现场参观 | | | ☐其他（请文字说明其他活动内容） | | | 线上参与公司2024年度网上业绩说明会的投资者 | | 参与单位名称及人员姓名 | | | 时间 | 2025年04月21日 15:00-17:00 | | 地点 | 价值在线（https://www.ir-online.cn/）网络互动 | | | 董事长兼总裁 陆勇 | | | 独立董事 孙红星 | | 上市公司接待人员姓名 | 董事、副总裁兼董事会秘书 吴鹏 | | | 副总裁兼财务总监 苏卫岗 1.2025年将积极拓展海外市场，请问目前海外市场的调研进展 | | 投资者关系活动主要内容 | 如何？针对不同国家和地区的市场需求，公司产品有哪些针对性的 调整和布局？ | | | 答：尊敬的投资者，您好！2025年公司将积极 ...

Investment Rating - Industry rating is maintained at "Outperform the Market" [5] Core Viewpoints - The new materials index experienced a decline of 0.2%, underperforming the CSI 300 index by 0.8%. Among sub-sectors, the carbon fiber index decreased by 0.4%, semiconductor materials index by 1.3%, OLED materials index by 1.6%, while membrane materials index increased by 1.8% and coatings and inks index by 1.5% [11] - In the carbon fiber sector, T300 large tow is currently at a stage of bottoming out, but potential price wars may continue due to rapid capacity release by some companies. The original tow segment has limited players, suggesting less likelihood of price drops in that area. Recommended companies include Jilin Carbon Valley [3] - In the electronic materials sector, the demand for foldable smartphones remains strong despite a downturn in consumer electronics. The continuous decline in industry price bands is expected to further stimulate downstream demand. Key recommendations include Shiming Technology and Kaisheng Technology [3] - In the renewable materials sector, the photovoltaic demand continues to grow rapidly, but the expansion across the industry chain is fast, indicating a need for market clearing. Wind power is seeing significant growth, particularly in offshore wind, with a high concentration in the wind blade segment. Recommended company is Times New Material [4] Summary by Sections Carbon Fiber - T300 large tow is at a bottoming phase, with potential for continued price competition. Limited players in the original tow segment suggest stability in pricing. Recommended to focus on Jilin Carbon Valley and Zhongfu Shenying [3][4] Electronic Materials - The foldable smartphone market is expected to see sustained growth over the next 3-5 years, with key players in the supply chain likely to maintain premium pricing. Recommendations include Shiming Technology and Kaisheng Technology [3] Renewable Materials - Photovoltaic demand is strong, but rapid expansion in the industry chain necessitates market clearing. Offshore wind power is expanding significantly, with Times New Material recommended for investment [4]

世名科技（300522） 证券研究报告 公司报告 | 年报点评报告 减值计提轻装上阵，材料矩阵日渐完善 事件：公司发布 24 年年报，24fy 实现营收/归母净利/扣非归母净利 7/0.23/0.19 亿元，yoy+2.3%/+25.6%/-18.6%。24 年公司计提了 1403 万元的 资产及信用减值损失，主要由于岳阳凯门经营业绩不及预期。 树脂类产品大幅增长，看好后续新品放量弹性 分业务看，着色剂相关产品营业收入为 5.7 亿元，占公司营收 82%，同比 增长 1%；对应毛利率 25.6%，同比上升 0.07pct。特种添加剂行业相关产品 营业收入为 1.23 亿元，占公司营收 17.6%（23 年为 16.6%），同比增长 8%； 对应毛利率 22.56%，同比下降 4pct。树脂类产品营收 229.3 万元，大幅增 长 360.5%。 由于新投/技改产能较多，目前色浆/母粒/特种添加剂的产能利用率分别为 37%/26%/43%，均处于中等或偏下水平，随着市场的拓展产能利用率的提 升，我们认为公司未来具备较高的成长性。 产品矩阵完善，各生产基地厘清重点 公司形成昆山、常熟、岳阳、盘锦四大产业基地；其中 ...

Investment Rating - The report maintains a "Buy" rating for the company, indicating an expected relative return of over 20% within the next six months [6][17]. Core Views - The company reported a revenue of 700 million yuan for FY24, reflecting a year-on-year growth of 2.3%, while the net profit attributable to the parent company increased by 25.6% to 23 million yuan [1]. - The company has made significant progress in its product matrix, with a focus on enhancing its production capabilities across four major industrial bases [3]. - The company is expected to enter a performance realization phase, with a revised profit forecast for 2025-2027 indicating substantial growth in net profit [4]. Financial Performance - FY24 revenue is projected at 700 million yuan, with a growth rate of 2.3% [4]. - The net profit attributable to the parent company is expected to reach 49.2 million yuan in 2025, representing a growth of 117.48% [4]. - The EBITDA for FY25 is estimated at 132.86 million yuan, with a significant increase in subsequent years [4]. Business Segmentation - The revenue from colorant-related products accounted for 82% of total revenue, with a slight increase in gross margin [2]. - The specialty additives segment saw an 8% increase in revenue, contributing 17.6% to total revenue [2]. - The resin products segment experienced a remarkable growth of 360.5%, indicating strong market demand [2]. Production Capacity and Development - The company has established four major production bases, focusing on new material industries and specialty products [3]. - New production capacities in the Panjin base are expected to fill gaps in high-end photosensitive materials, supporting sectors like electronics and renewable energy [3]. Future Outlook - The company is anticipated to achieve higher growth rates as production capacity utilization improves with market expansion [2]. - The revised profit forecasts suggest a robust growth trajectory, with net profits projected to reach 293.49 million yuan by 2027 [4].

一、重要提示 本年度报告摘要来自年度报告全文，为全面了解本公司的经营成果、财务状况及未来发展规划，投资者 应当到证监会指定媒体仔细阅读年度报告全文。 证券代码：300522 证券简称：世名科技 公告编号：2025-011 所有董事均已出席了审议本报告的董事会会议。 立信会计师事务所（特殊普通合伙）对本年度公司财务报告的审计意见为：标准的无保留意见。 本报告期会计师事务所变更情况：公司本年度会计师事务所由立信会计师事务所（特殊普通合伙）变更 为立信会计师事务所（特殊普通合伙）。 非标准审计意见提示 公司经本次董事会审议通过的利润分配预案为：以322,451,507为基数，向全体股东每10股派发现金红利 0.4元（含税），送红股0股（含税），以资本公积金向全体股东每10股转增0股。 董事会决议通过的本报告期优先股利润分配预案 □适用 √不适用 二、公司基本情况 1、公司简介 ■ □适用 √不适用 公司上市时未盈利且目前未实现盈利 □适用 √不适用 董事会审议的报告期利润分配预案或公积金转增股本预案 √适用 □不适用 精细化工、新材料行业是一个以化工和材料工业为基础的高技术、高新领域，有着广阔的发展空间和市 场潜力 ...

数据四舍五入，查看更多财务数据>> 二、前10名无限售条件股东持股情况 一、主要会计数据和财务指标 | 报告期指标 | 2024年年报 | 2023年年报 | 本年比上年增减(%) | 2022年年报 | | --- | --- | --- | --- | --- | | 基本每股收益（元） | 0.0702 | 0.0558 | 25.81 | 0.0891 | | 每股净资产（元） | 0 | 2.46 | -100 | 2.97 | | 每股公积金(元) | 0.09 | 0.1 | -10 | 0.4 | | 每股未分配利润(元) | 1.20 | 1.19 | 0.84 | 1.47 | | 每股经营现金流(元) | - | - | - | - | | 营业收入(亿元) | 6.97 | 6.82 | 2.2 | 6.24 | | 净利润(亿元) | 0.23 | 0.18 | 27.78 | 0.29 | | 净资产收益率(%) | 2.84 | 2.25 | 26.22 | 3.68 | 10派0.4元(含税) 三、分红送配方案情况 前十大流通股东累计持有： 10172.2万股，累计占流通股比： ...

苏州世名科技股份有限公司 审计报告及财务报表 二○二四年度 苏州世名科技股份有限公司 审计报告及财务报表 （2024 年 01 月 01 日至 2024 年 12 月 31 日止） | | 目录 | 页次 | | --- | --- | --- | | 一、 | 审计报告 | 1-5 | | 二、 | 财务报表 | | | | 合并资产负债表和母公司资产负债表 | 1-4 | | | 合并利润表和母公司利润表 | 5-6 | | | 合并现金流量表和母公司现金流量表 | 7-8 | | | 合并所有者权益变动表和母公司所有者权益变动表 | 9-12 | | | 财务报表附注 | 1-91 | 审计报告 信会师报字[2025]第 ZA10423 号 苏州世名科技股份有限公司全体股东： 一、 审计意见 我们审计了苏州世名科技股份有限公司（以下简称贵公司）财务 报表，包括 2024 年 12 月 31 日的合并及母公司资产负债表，2024 年 度的合并及母公司利润表、合并及母公司现金流量表、合并及母公司 所有者权益变动表以及相关财务报表附注。 我们认为，后附的财务报表在所有重大方面按照企业会计准则的 规定编制，公允 ...

苏州世名科技股份有限公司 2024 年度独立董事述职报告 本人经公司第五届董事会第七次会议、2024 年第一次临时股东大会审议，选任为公司 第五届董事会独立董事、薪酬与考核委员会委员、提名委员会委员（主任委员）、战略委 员会委员、审计委员会委员。现将本人 2024 年度任职的履职情况报告如下： 张善谦 各位股东及股东代表： 作为苏州世名科技股份有限公司（以下简称"公司"）的独立董事，报告期内，本人 严格按照《中华人民共和国公司法》（以下简称"《公司法》"）《中华人民共和国证券 法》（以下简称"《证券法》"）、《上市公司独立董事管理办法》等法律法规以及《苏 州世名科技股份有限公司章程》的要求，本着客观、公正、独立的原则，勤勉尽责、独立 履职，及时了解公司的生产经营及发展情况，准时出席相关会议，积极发挥独立董事作用， 有效维护了公司整体利益和全体股东的合法权益。 一、本人基本情况 张善谦先生，男，1969 年生，中国国籍，无境外永久居留权，本科学历，拥有高级工 程师职称。张善谦先生历任中国第一汽车股份有限公司规划部副部长、战略规划及产业发 展处长，一汽出行科技有限公司战略规划及产品管理部部长职务，现任一汽奔腾汽车 ...