证券代码：300811 证券简称：铂科新材 公告编号：2024-066 深圳市铂科新材料股份有限公司 关于召开2024年第二次临时股东大会的提示性公告 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，对公告的虚 假记载、误导性陈述或者重大遗漏负连带责任。 深圳市铂科新材料股份有限公司（以下简称"公司"）于 2024 年 8 月 26 日 在在中国证监会指定的创业板信息披露媒体上发布了《关于召开 2024 年第二次 临时股东大会的通知》（公告编号：2024-065）。本次股东大会采取现场投票和 网络投票相结合的方式召开，现将会议有关事项提示如下： 一、 召开会议的基本情况 1、股东大会届次：2024 年第二次临时股东大会 2、会议召集人：公司董事会 3、会议召开的合法、合规性：本次会议的召集程序符合有关法律法规、行 政法规、部门规章、规范性文件和公司章程的规定。 （3）公司聘请的见证律师。 8、现场会议地点：深圳市南山区沙河西路 3157 号南山智谷产业园 B 座 13F 会议室 4、会议召开的日期和时间： （1）现场会议时间：2024 年 9 月 13 日下午 14:50 （2）网络投票时间：2024 ...

证券代码：300811 证券简称：铂科新材 编号：2024-002 深圳市铂科新材料股份有限公司 投资者关系活动记录表 | --- | --- | --- | |---------------------------|--------------------------------|----------------------------------------------------------------| | | | | | | 特定对象调研 | 分析师会议 | | | | □媒体采访 □业绩说明会 | | 投资者关系 | □新闻发布会 | 路演活动 | | 活动类别 | □现场参观 | | | | □其他 | | | 参与单位名称 及人员姓名 | 共 148 | 家机构，参会机构名单详见附表。 | | 时间 2024 | 年 8 月 27 日-8 | 月 30 日 | | 地点 | 电话会议 | | | 上市公司 | 董事会秘书 阮佳林 | | | 接待人员姓名 | IR 康金浩 | | | | 一、 2024 年半年度概述 | | | | | 公司管理团队始终秉承"让电更纯·静"的创业初心，坚持 | ...

Investment Rating - The report assigns a "Buy" rating to the company, indicating an expected price increase of over 15% relative to the industry index within the next six months [6][14]. Core Insights - The company's performance in H1 2024 showed significant growth, with revenue reaching 796 million yuan, a year-on-year increase of 36.88%, and net profit of 185 million yuan, up 38.18% year-on-year [1][2]. - The growth is attributed to strong performance in the chip inductor business, particularly driven by the demand in AI servers and other high-performance computing applications [5][6]. - The company has established long-term partnerships with several well-known domestic and international clients, enhancing its market position [6][5]. Financial Summary - Revenue is projected to grow from 1,066 million yuan in 2022 to 2,840 million yuan by 2026, reflecting a compound annual growth rate (CAGR) of approximately 21.9% [1][8]. - Net profit is expected to increase from 193 million yuan in 2022 to 666 million yuan in 2026, with a CAGR of about 24.8% [1][8]. - The company's gross margin for H1 2024 was 40.48%, with a net margin of 23.20%, indicating stable profitability [2][10]. Business Performance - The chip inductor segment is anticipated to benefit from the growing demand for AI servers, with production capacity targets set to increase from 5 million units per month in 2023 to 10-15 million units per month in 2024 [5][6]. - The company has successfully developed new products, including iron-silicon and iron-nickel series magnetic powder cores, which have received positive market feedback [2][4]. - The ongoing expansion of production capacity at various facilities is expected to support future growth and meet increasing market demand [4][5].

Investment Rating - Maintain "Overweight" rating with a target price of 48.68 RMB [3][4] Core Views - The company's 2024 H1 performance exceeded expectations, with revenue reaching 796 million RMB, a YoY increase of 36.88%, and net profit attributable to shareholders of 185 million RMB, a YoY increase of 38.18% [3] - The chip inductor business is growing rapidly, with sales reaching 195 million RMB in H1 2024, a 138.92% increase compared to H2 2023, accounting for 24.5% of total revenue [3] - The company plans to raise 300 million RMB to expand chip inductor production capacity, enhancing its ability to meet growing downstream demand and improve technological innovation [3] - The soft magnetic powder core business grew steadily, with sales of 586 million RMB in H1 2024, a YoY increase of 7.03%, driven by recovery in the photovoltaic sector and growth in communication, server, and new energy vehicle markets [3] Financial Summary - Revenue for 2024E is projected at 1,618 million RMB, with a YoY growth of 39.7%, and net profit attributable to shareholders is expected to reach 397 million RMB, a YoY increase of 55.3% [4] - EPS for 2024E is forecasted at 1.41 RMB, with ROE expected to reach 17.9% [4] - The company's P/E ratio for 2024E is 28.41, and the P/B ratio is 5.09 [4] Market Data - The company's market capitalization is 11,288 million RMB, with a 52-week stock price range of 36.50-63.69 RMB [5] - The stock has shown a 22% absolute increase over the past 12 months, outperforming the index by 42% [8] Industry and Business Outlook - The chip inductor business is expected to maintain rapid growth, supported by increasing demand from AI, 5G, and IoT sectors [3] - The soft magnetic powder core business is anticipated to continue growing in line with downstream demand, particularly in the photovoltaic, communication, and new energy vehicle sectors [3]

铂科新材（ [Table_StockNameRptType] 300811） 公司点评 | --- | --- | --- | |-----------------------------------------------------------------------------------------------------------|-------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...

Investment Rating - The report maintains a "Recommended" rating for the company [5]. Core Views - The company's chip inductor business has emerged as a significant growth driver, with a revenue CAGR of 280.2% from 2020 to 2023, contributing to 24.5% of the company's main business revenue in H1 2024 [3][5]. - The company achieved a historical high in performance for H1 2024, with operating revenue of 796 million yuan, a year-on-year increase of 36.88%, and a net profit of 179.7 million yuan, up 41.84% year-on-year [2][5]. - The metal soft magnetic powder core business continues to optimize profitability, with revenue increasing by 7.03% to 586 million yuan in H1 2024 [2][5]. Summary by Sections Financial Performance - In H1 2024, the company reported a revenue of 796 million yuan, a 36.88% increase year-on-year, and a net profit of 179.7 million yuan, reflecting a 41.84% growth [2][5]. - The gross profit margin improved to 40.5%, and the net profit margin increased to 23.2% [5]. - The company expects revenues of 1.763 billion yuan, 2.325 billion yuan, and 2.822 billion yuan for 2024, 2025, and 2026 respectively, with corresponding net profits of 390 million yuan, 533 million yuan, and 658 million yuan [5][6]. Business Segments - The chip inductor business has shown explosive growth, with revenue reaching 195 million yuan in H1 2024, a 138.92% increase quarter-on-quarter [3][5]. - The metal soft magnetic powder business achieved sales revenue of 13.859 million yuan in H1 2024, a 25.26% increase [5]. - The company is expanding its production capacity, with plans to increase output from 500 million pieces to 1-1.5 billion pieces per month in 2024 [3][5]. Competitive Advantages - The company holds a leading position in the metal soft magnetic materials sector, benefiting from strong brand influence and a high degree of customer loyalty [5]. - The company has established a comprehensive product line that covers the entire energy transformation process, enhancing its competitive edge [5]. - The industry is experiencing high growth and has significant barriers to entry, making it difficult for new competitors to emerge [5].

Investment Rating - The investment rating for the company is "Buy" [1] Core Views - The company reported a significant revenue increase of 36.88% year-on-year, reaching 796 million yuan in the first half of 2024, with a net profit attributable to shareholders of 185 million yuan, up 38.18% year-on-year [1] - The company's chip inductors are experiencing accelerated growth, with revenue from inductive components reaching 195 million yuan, a 138.92% increase compared to the second half of 2023, accounting for 24.5% of total revenue [1] - The company plans to raise 300 million yuan through a private placement to fund a new integrated inductor project, with an expected internal rate of return of 23.34% [1] - The demand for magnetic powder cores is recovering, with revenue of 586 million yuan in the first half of 2024, a year-on-year increase of 7.03% [1] - The company forecasts net profits of 382 million yuan, 522 million yuan, and 680 million yuan for 2024, 2025, and 2026 respectively, corresponding to P/E ratios of 29x, 21x, and 16x [1] Financial Summary - Total revenue is projected to grow from 1,721 million yuan in 2024 to 3,042 million yuan in 2026, with a compound annual growth rate (CAGR) of 28.6% [2] - The net profit attributable to shareholders is expected to increase from 382 million yuan in 2024 to 680 million yuan in 2026, reflecting a CAGR of 30.2% [2] - The gross margin is anticipated to improve from 41.8% in 2024 to 41.4% in 2026 [2] - The return on equity (ROE) is projected to rise from 14.6% in 2024 to 17.0% in 2026 [2] - Earnings per share (EPS) is expected to increase from 1.36 yuan in 2024 to 2.42 yuan in 2026 [2] Balance Sheet Overview - Total assets are projected to grow from 3,319 million yuan in 2024 to 4,969 million yuan in 2026 [3] - Current assets are expected to increase from 1,665 million yuan in 2024 to 2,773 million yuan in 2026 [3] - Total liabilities are forecasted to rise from 699 million yuan in 2024 to 934 million yuan in 2026 [3]

请务必阅读正文之后的免责声明及其项下所有内容 铂科新材（300811.SZ）——半年报点评 优于大市 粉芯业务稳健增长，芯片电感业务保持高速增长 公司发布中报：上半年实现营收 7.96 亿元，同比+36.88%；实现归母净利润 1.85 亿元，同比+38.18%。24Q1/Q2 分别实现营收 3.35/4.61 亿元，Q2 环比 +37.60%，分别实现归母净利润 0.72/1.14 亿元，Q2 环比+58.97%。 公司上半年业绩实现高增长，主要得益于：1）金属软磁粉芯保持稳健增长， 上半年实现销售收入 5.86 亿元，同比+7.03%，其中，光伏应用领域 Q1 增长 虽有所放缓，但 Q2 开始明显回暖，上半年销售收入同比基本持平；2）电感 元件(以芯片电感为主)继续保持高速增长态势，上半年实现销售收入 1.95 亿元，环比 2023 年下半年增长 138.92%，占营业收入的比重达到 24.5%；3） 金属软磁粉末取得了较大的增长，上半年实现销售收入约 1386 万元，同比 +25.26%，此外，公司筹建的年产能达 6000 吨/年的粉体工厂，预计下半年 可释放部分产能，并预估 2025 年建设完成。 公 ...

Investment Rating - The report maintains a "Buy" rating for the company [2] Core Views - The company has reported rapid revenue growth, with a 36.88% year-on-year increase in revenue to 796 million yuan in the first half of 2024, and a 38.18% increase in net profit to 185 million yuan [2][3] - The revenue from inductive components has seen a significant quarter-on-quarter growth of 138.92%, contributing to 24.5% of total revenue [3] - The company continues to receive recognition from major semiconductor manufacturers for its chip inductors and has entered the supplier lists of several global firms [3] - The company is investing heavily in R&D for new products, including inductors suitable for AI server power circuits, which have begun small-scale production [3] - The sales revenue from metal soft magnetic powder cores has grown steadily, with a 7.03% year-on-year increase to 586 million yuan in the first half of 2024 [3] Financial Summary - The company’s projected revenues for 2024, 2025, and 2026 are 1.793 billion yuan, 2.324 billion yuan, and 2.900 billion yuan respectively, with corresponding net profits of 406 million yuan, 529 million yuan, and 655 million yuan [3][7] - The average annual compound growth rate of net profit from 2023 to 2026 is expected to be 36.83% [3] - The company’s price-to-earnings ratios for 2024, 2025, and 2026 are projected to be 18.89, 14.50, and 11.71 respectively [3][7]

证券研究报告|公司点评报告 [Table_Date] 2024 年 08 月 26 日 [Table_Title] Q2 业绩创新高，芯片电感发展进入快速道 | --- | --- | --- | --- | |------------------------------|----------------------|--------------------------|-----------| | [Table_DataInfo] 评级： 买入 | | 股票代码： | 300811 | | 上次评级： 买入 | | 52 周最高价 / 最低价： | 67.0/36.2 | | | 目标价格： 总市值(亿 | ) | 108.39 | | 最新收盘价： | 38.59 | 自由流通市值(亿 ) | 88.26 | | | | 自由流通股数(百万 ) | 228.72 | [Table_Summary] 事件概述 8 月 26 日，公司发布 2024 年上半年业绩报告，实现营业收入 7.96 亿元，同比增长 36.88%；归母净利润 1.85 亿元，同比增长 38.18%。毛利率为 40.48%，净利率为 23 ...