无锡帝科电子材料股份有限公司 证券代码：300842 证券简称：帝科股份 公告编号：2024-020 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. 本次权益变动系信息披露义务人持股数量减少及持股比例被动稀释，不触 及要约收购。 关于合计持股 5%以上股东权益变动至 5%以下暨减持计划完成的提示性公告 公司原合计持股 5%以上股东深圳东熹佳尚创业投资有限公司与宁波 TCL 股 权投资有限公司保证向本公司提供的信息内容真实、准确、完整，没有虚假记载、 误导性陈述或重大遗漏。 2. 本次权益变动不涉及公司控股股东及实际控制人，不会导致公司控股股东、 实际控制人发生变化。 3. 本次权益变动后，信息披露义务人深圳东熹佳尚创业投资有限公司（曾用 名："新疆 TCL 股权投资有限公司"，以下简称"东熹佳尚"）及宁波 TCL 股 权投资有限公司（以下简称"宁波 TCL"）合计持有公司股份 5,024,943 股，占 公司当前总股本 4.9999%，不再是公司持股 5%以上股东。 无锡帝科电子材料股份有限公司（以下简称"公司"）于 2023 年 7 月 7 日 在巨潮资讯网（www.c ...

半导体材料 帝科股份（300842.SZ） 买入-A(维持) N 型银浆布局领先，出货占比持续提高 证券研究报告 2024 年 3 月 6 日 公司研究/公司快报 公司近一年市场表现 资料来源：最闻 光伏银浆出货量高增，N 型产品占比逐季提升。2023 年全年公司光伏导 电银浆实现销售 1713.6吨，同比+137.9%；其中，N型 TOPCon电池银浆 1008.5 吨，在总销售量中占比 58.9%。Q4 公司光伏导电银浆实现出货 595 吨；其中， TOPCon 银浆实现出货 474 吨。公司 2023 年 Q1/Q2/Q3/Q4 TOPCon 银浆占总 市场数据：2024 年 3 月 5 日 光伏银浆总出货比例分别为 34.1%/46.1%/57.4%/79.6%，四季度 N 型出货占 收盘价（元）： 78.97 比加速提升，处于行业领先地位。随着 TOPCon 产能持续放量，预计公司 2024 年内最高/最低（元）： 97.00/42.50 年全年出货量有望达到 2500-3000 吨，维持快速增长。 流通A股/总股本（亿）： 0.86/1.01 肖索 执业登记编码：S0760522030006 执业 ...

Investment Rating - The report maintains a "Recommended" rating for the company [7]. Core Views - The company is positioned to benefit from the production advantages of LECO technology, which is expected to enhance TOPCon battery efficiency by 0.3%-0.6% [7]. - The company has achieved significant revenue growth, with a 2023 revenue of 9.603 billion yuan, representing a year-on-year increase of 154.94% [7]. - The company leads in N-type silver paste production, with sales of 1,713.62 tons in 2023, a year-on-year increase of 137.89% [7]. - The company anticipates a shipment volume of 2,500 to 3,000 tons in 2024, driven by the rapid expansion of TOPCon capacity [7]. Summary by Sections Financial Performance - In 2023, the company achieved a revenue of 96.03 billion yuan, with a net profit of 3.86 billion yuan, reflecting a year-on-year increase of 2336.51% [7]. - The fourth quarter of 2023 saw a revenue of 35.06 billion yuan, a year-on-year increase of 203.41% [7]. - The company projects revenues of 141.23 billion yuan, 161.49 billion yuan, and 182.54 billion yuan for 2024, 2025, and 2026 respectively [7]. Product Development - The company is at the forefront of N-type silver paste technology, which is expected to drive significant growth in shipments and profitability [7]. - The company has successfully transitioned its semiconductor silver paste products from small to medium and large clients, enhancing its brand influence in the semiconductor industry [7]. Market Position - The company is recognized as a leading player in the domestic photovoltaic silver paste market, poised to benefit from the high demand in the photovoltaic industry and the N-type iteration [7]. - The company has initiated investments in high-performance electronic materials projects, further strengthening its industry position [7].

证券代码：300842 证券简称：帝科股份 无锡帝科电子材料股份有限公司 投资者关系活动记录表 编号：2024-001  特定对象调研 □分析师会议 投资者关系活 □媒体采访 业绩说明会 动类别 □新闻发布会 路演活动 现场参观  其他（电话会议） 参与单位名称 具体名单详见附件 时间 2024 年 2月 29日 地点 进门财经（https://www.comein.cn/home/index） 上市公司接待 董事、副总经理、财务总监：王姣姣女士 人员姓名 副总经理、董事会秘书：彭民先生 应用技术部&市场部副总经理：南亚雄先生 一、简要介绍 受益于全球光伏市场的强劲需求以及通过加强产业布局、 优化产业结构、培养人才梯队以及提升内生动力等措施，2023 年公司实现了营业收入和净利润的大幅增长。2023 年度，公司 实现营业收入960,282.27 万元，较上年增长154.94%；归属于 投资者关系活 上市公司股东的净利润为 38,564.06 万元，较 上年增长 ...

Investment Rating - The report maintains a "Buy" rating for the company, indicating an expected relative price increase of over 15% in the next six months [22][23]. Core Insights - The company achieved a net profit attributable to shareholders of 386 million yuan in 2023, representing a year-on-year increase of 2336.51% [23][31]. - The company's revenue for 2023 was 9.603 billion yuan, reflecting a year-on-year growth of 154.94% [21][41]. - The sales volume of silver paste reached 1713.6 tons in 2023, with a significant increase in the proportion of N-type silver paste, which accounted for 58.9% of total sales [22][23]. - The company is positioned as a leader in the domestic TOPCon silver paste market, with expectations for continued growth in the coming years [23][22]. Financial Performance Summary - In Q4 2023, the company reported a net profit of 93 million yuan, up 396.17% year-on-year, and a revenue of 3.506 billion yuan, up 203.41% year-on-year [3][46]. - The gross margin for 2023 was 11.14%, while the net margin was 4.02% [28][41]. - The company’s operating expenses for 2023 were 580 million yuan, an increase of 86.5% year-on-year, with a period expense ratio of 5.76%, down 2.2 percentage points from the previous year [19][35]. Future Outlook - The company is expected to see a gradual increase in the volume of LECO silver paste in 2024, with a projected shipment of over 2500 tons [22][16]. - The forecasted net profit for 2024 is estimated at 652.86 million yuan, with a growth rate of 69% [23][50]. - The company continues to invest in R&D, with expenses reaching 310 million yuan in 2023, a year-on-year increase of 169.5% [16][35].

N 型银浆锋芒尽显，LECO 导入再创机遇 N 型渗透率提升，银浆业务量利齐增。2023 年公司光伏银浆业务实现营收 90.78 亿元，同比+167.65%；实现银浆出货 1713.62 吨，同比+137.67%， 其中 N 型银浆全年出货共 1008.48 吨，占银浆总出货的 58.9%。23Q4 单季 度公司实现银浆出货 595.04 吨，其中 N 型银浆出货 473.48 吨，N 型产品占 比提高至近 80%。由于 N 型银浆较 P 型具备加工费溢价，公司 N 型产品占 比大幅增长使得公司盈利能力显著提升，2023 年银浆业务毛利率达 11.66%， 同比+2.07pct，银浆产品单吨毛利同比提升 36.97%。展望 2024 年，随着 N 型电池渗透率不断提升，N 型银浆需求将进一步扩大，公司抓住 N/P 切换机 遇，N 型产品快速上量，已具备行业领先的市占率优势，为银浆出货增长提 供有力保障。 请仔细阅读本报告末页声明 分析师 于 夕朦 执业证书编号：S1070122080010 邮箱：yuzhenyang@cgws.com 帝科股份（300842.SZ） 事件：2024 年 2 月 29 日，公司 ...

证券代码：300842 证券简称：帝科股份 公告编号：2024-019 无锡帝科电子材料股份有限公司 关于提请股东大会授权董事会全权办理 以简易程序向特定对象发行股票相关事宜的公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚 假记载、误导性陈述或重大遗漏。 无锡帝科电子材料股份有限公司（以下简称"公司"或"帝科股份"）于 2024 年 2 月 28 日召开第二届董事会第二十七次会议，审议通过了《关于提请股东大 会授权董事会全权办理以简易程序向特定对象发行股票相关事宜的议案》。根据 《中华人民共和国公司法》《中华人民共和国证券法》等法律法规及公司章程的 有关规定，拟提请公司股东大会授权公司董事会全权办理与本次以简易程序向特 定对象发行股票的相关事宜，授权效期为 2023 年年度股东大会通过之日起至 2024 年年度股东大会召开之日止。本议案尚需提交公司股东大会审议，现将有 关情况公告如下： 一、具体内容 1.确认公司是否符合以简易程序向特定对象发行股票的条件 提请股东大会授权董事会根据《中华人民共和国公司法》《中华人民共和国 证券法》《上市公司证券发行注册管理办法》等法律、法规、规范性文件 ...

Financial Performance - The company's operating revenue for 2023 reached ¥9,602,822,670.15, representing a 154.94% increase compared to ¥3,766,673,993.15 in 2022 [26]. - The net profit attributable to shareholders was ¥385,640,607.57, a significant increase of 2,336.51% from a loss of ¥17,323,949.79 in the previous year [26]. - The net profit after deducting non-recurring gains and losses was ¥342,963,420.06, up 2,829.96% from a loss of ¥12,643,913.85 in 2022 [26]. - The company's total assets increased by 102.21% to ¥6,784,718,315.13 at the end of 2023, compared to ¥3,355,189,075.52 at the end of 2022 [26]. - The net assets attributable to shareholders rose by 43.98% to ¥1,323,362,421.61 from ¥919,023,935.20 in the previous year [26]. - The basic earnings per share for 2023 was ¥3.85, compared to a loss of ¥0.17 in 2022, marking a 2,364.71% increase [26]. - The company reported a total loss of 42.68 million in 2023, a recovery from losses of 4.68 million in 2022 and 11.42 million in 2021, suggesting improved financial health [34]. - The company achieved operating revenue of 960,282.27 million yuan, a year-on-year increase of 154.94% [50]. - The net profit attributable to shareholders was 38,564.06 million yuan, reflecting a significant year-on-year growth of 2336.51% [50]. Cash Flow and Financial Management - The company reported a negative net cash flow from operating activities of ¥1,050,991,565.28, worsening from a negative cash flow of ¥196,882,465.77 in 2022 [26]. - The net cash flow from operating activities decreased significantly, primarily due to the company's extended payment terms to customers and the requirement for upfront payments to suppliers, resulting in a negative cash flow of -80,808,144.57 yuan, a 97.27% decrease year-on-year [84]. - The company's cash and cash equivalents decreased by 149.44%, resulting in a net decrease of -20,196,139.73 yuan, indicating cash flow challenges amid growing operational scale [84]. - The company is addressing cash flow risks by optimizing payment terms and enhancing financing strategies to ensure operational liquidity [126]. - The company reported a net cash flow from financing activities increased by 298.88% to 1,113,152,358.10 yuan, driven by expanded bank financing to support increased production and inventory procurement [84]. Research and Development - The company invested CNY 30,975.58 million in R&D in 2023, a 169.52% increase year-over-year, maintaining its industry-leading position [54]. - The company has established a self-research system driven by customer demand, mastering multiple core technologies including glass, organic, and silver powder systems [43]. - The company plans to enhance R&D investment and market promotion, focusing on the performance and market leadership of N-type TOPCon battery conductive silver paste [43]. - The company is actively investing in R&D for N-type high-efficiency battery technology, with TOPCon battery technology achieving rapid large-scale production [116]. - The company is focusing on the development of conductive silver paste for N-type TOPCon batteries and HJT batteries, aiming for cost reduction and large-scale production [113]. Market Position and Strategy - The company is actively pursuing market expansion strategies to enhance its competitive position in the electronic materials industry [19]. - The company is committed to expanding its market presence and enhancing product offerings in response to the growing global demand for renewable energy solutions [39]. - The company has established several wholly-owned subsidiaries to strengthen its operational capabilities and market reach [18]. - The company is exploring potential mergers and acquisitions to accelerate its growth strategy [19]. - The company has a strong competitive position in the conductive silver paste market, with a leading market share in photovoltaic battery metallization [113]. Risk Management - The company emphasizes the importance of risk awareness regarding industry cyclicality, market competition, and ongoing R&D and innovation risks [4]. - The company is managing foreign exchange risks through derivatives and increasing the use of domestic silver powder to reduce exposure [124]. - The company has implemented strict risk control measures, including clear trading principles and management responsibilities across departments [98]. - The company is focused on continuous R&D investment to mitigate risks associated with product innovation and market acceptance [122]. Governance and Compliance - The company has established a complete governance structure, including a shareholder meeting, board of directors, and supervisory board, ensuring effective decision-making [134]. - The company maintains a transparent information disclosure system, ensuring timely and accurate communication with shareholders and investors [136]. - The company has implemented compliance training for management and employees to enhance internal control awareness and responsibility [190]. - The company’s governance structure includes a well-defined internal control system, ensuring compliance and effective execution of internal controls [190]. Employee and Talent Management - The total number of employees at the end of the reporting period was 608, including 543 at the parent company and 65 at major subsidiaries [171]. - The company has established a comprehensive talent development system, offering both internal and external training programs tailored to different employee categories [173]. - The company has a unique compensation system that links salary growth directly to performance assessment results, promoting efficiency and sustainable development [172]. - The company emphasizes the importance of training management by tracking training records, hours, assessment results, and satisfaction levels [173]. Product Development and Innovation - The company is committed to recruiting high-end talent in photovoltaic conductive silver paste and semiconductor packaging materials to enhance its core competitiveness [118]. - The company has developed a comprehensive product portfolio in the photovoltaic sector, covering various battery technologies and printing techniques [114]. - The company aims to enhance its product competitiveness by accelerating the iteration and innovation of HJT battery low-temperature conductive silver paste and silver-coated copper paste solutions [116]. - The company is expanding its product applications in the semiconductor field, including conductive silver paste for chip bonding and packaging [115]. Dividend and Profit Distribution - The company plans to distribute a cash dividend of 8.00 RMB per 10 shares to all shareholders, based on a total share capital of 100,500,000 shares [5]. - The total distributable profit for the year was 625,057,371.51 yuan, with a cash dividend distribution amounting to 80,400,000.00 yuan, representing 100% of the profit distribution total [177]. - The profit distribution plan was approved by the board and requires shareholder meeting approval for implementation [179].

无锡帝科电子材料股份有限公司 2023年度监事会工作报告 2023年，无锡帝科电子材料股份有限公司（以下简称"公司"）监事会全体 成员按照《公司法》、《证券法》、《深圳证券交易所上市公司自律监管指引第 2号——创业板上市公司规范运作》等法律法规以及《公司章程》、《监事会议 事规则》等规章制度的规定，本着对全体股东负责的态度，依法履行职权，对公 司经营活动、重大事项、财务状况以及董事、高级管理人员履职情况进行了监督， 切实维护公司利益和全体股东的合法权益。现将监事会在本年度的主要工作报告 如下： 报告期内，根据《公司法》、《公司章程》、《监事会议事规则》的规定， 监事会认真履行职责，列席历次股东大会和董事会，依法对会议的召集、召开、 决策程序、董事会对股东大会的执行情况等进行了监督。监事会认为：报告期内， 公司董事会、股东大会的召开和决议均符合相关法律、法规的规定，决策程序合 法、有效，董事会能够认真执行股东大会的各项决议，公司已建立较为完善的法 人治理基本框架；公司董事和高级管理人员在2023年的工作中，努力为公司的发 展尽职尽责，在执行公司职务时未发现违反法律法规、公司章程或损害公司或股 东利益的行为。 一 ...

无锡帝科电子材料股份有限公司 审计报告 中天运[2024]审字第 90010 号 中天运会计师事务所（特殊普通合伙） JONTEN CERTIFIED PUBLIC ACCOUNTANTS LLP 中天运会计师事务所（特殊普通合伙）JONTEN CPAS 目 录 | 1、 | 审计报告 | ………………………………………………1 | | --- | --- | --- | | 2、 | 合并资产负债表 | ………………………………………5 | | 3、 | 母公司资产负表 | ………………………………………7 | | 4、 | 合并利润表 | ……………………………………………9 | | 5、 | 母公司利润表 | …………………………………………10 | | 6、 | 合并现金流量表 | ………………………………………11 | | 7、 | 母公司现金流量表 | ……………………………………12 | | 8、 | 合并所有者权益变动表 | ………………………………13 | | 9、 | 母公司所有者权益变动表 | ……………………………15 | | | 10、财务报表附注 | ……………………………………… ...