Financial Performance - The company's operating revenue for 2024 reached ¥15,350,571,546.73, representing a 59.85% increase compared to ¥9,602,822,670.15 in 2023[24]. - The net profit attributable to shareholders decreased by 6.66% to ¥359,961,693.46 from ¥385,640,607.57 in the previous year[24]. - The net profit after deducting non-recurring gains and losses increased by 28.03% to ¥439,103,856.09, up from ¥342,963,420.06 in 2023[24]. - The net cash flow from operating activities improved significantly by 189.32%, reaching ¥938,702,930.65, compared to a negative cash flow of -¥1,050,991,565.28 in 2023[24]. - Basic earnings per share decreased by 6.91% to ¥2.56 from ¥3.85 in the previous year[24]. - Total assets increased by 15.43% to ¥7,831,823,389.39, compared to ¥6,784,718,315.13 at the end of 2023[24]. - The net assets attributable to shareholders rose by 26.48% to ¥1,673,844,500.20 from ¥1,323,362,421.61 in 2023[24]. - The company's total revenue for 2024 reached ¥15,350,571,546.73, representing a year-on-year increase of 59.85% compared to ¥9,602,822,670.15 in 2023[70]. - Revenue from electronic materials accounted for ¥12,953,484,301.41, which is 84.38% of total revenue, showing a growth of 42.54% from ¥9,087,410,918.77 in the previous year[71]. - The sales of photovoltaic conductive silver paste reached ¥12,864,827,112.02, making up 83.81% of total revenue, with a year-on-year increase of 41.71%[71]. R&D and Innovation - The company invested ¥48,223.16 million in R&D in 2024, representing a 55.68% increase compared to the previous year, with 291 R&D personnel accounting for 39.54% of total staff[53]. - The company is focusing on the development of new materials for semiconductor packaging and photovoltaic cells, including various types of solar cells[19]. - Future plans include increasing R&D investment and market promotion, focusing on the performance and market leadership of N-type TOPCon battery conductive silver paste, and advancing low-silver, high-copper paste technologies[41]. - The company is committed to continuous innovation in product development, particularly in the areas of low-silver and high-copper paste technologies[56]. - The company is actively developing low-silver content pastes and high-copper pastes, focusing on high reliability and mass production capabilities[113]. - The company is focusing on developing low-cost conductive pastes for high-efficiency batteries, which is expected to enhance competitiveness in the photovoltaic market[86]. - The company is developing a new silver paste for large silicon wafers to increase market share and competitiveness in the large silicon wafer market[84]. - The company is working on high thermal conductivity sintering silver paste for semiconductor packaging to expand its high-power semiconductor packaging business[84]. Market and Competitive Landscape - The global photovoltaic industry is expected to see an increase in installed capacity to over 5,400 GW by 2030, driven by declining costs and growing demand[35]. - China's new photovoltaic installed capacity for 2024 is projected to be 277.57 GW, representing a year-on-year growth of 28.3%[36]. - The global photovoltaic market is anticipated to grow with an estimated 530 GW of new installations in 2024, supporting the demand for conductive silver paste[38]. - The transition from P-type PERC to N-type TOPCon and HJT battery technologies is expected to enhance the profitability of related materials, including silver paste[38]. - The company is facing increasing market competition but aims to maintain its technological and product advantages through refined management and cost reduction strategies[118]. - The company is committed to collaborative innovation with industry partners to develop efficient conductive paste products tailored to market needs[111]. Governance and Compliance - The company has established a complete governance structure, ensuring clear responsibilities and checks among the rights institutions, decision-making bodies, supervisory bodies, and management[130]. - The board of directors consists of 5 members, including 2 independent directors, complying with legal and regulatory requirements[131]. - The company maintains complete independence in operations, assets, personnel, and finances from its controlling shareholder, with no guarantees provided to the controlling shareholder[132]. - The company has a dedicated financial department with independent accounting systems and decision-making capabilities, ensuring financial independence[135]. - The company has established a remuneration and assessment committee consisting of 3 directors, with a majority being independent directors, to oversee compensation policies[149]. - The company has a structured approach to governance, ensuring compliance and oversight through its board and committees[149]. - The company received a warning letter from the Jiangsu Regulatory Bureau of the China Securities Regulatory Commission on February 14, 2023, regarding compliance issues[148]. Employee and Social Responsibility - The total number of employees at the end of the reporting period was 736, with 291 in technical roles and 264 in production[169]. - The company’s training program includes both internal and external training to enhance employee skills and management efficiency[171]. - Employee rights are protected through various welfare programs, including talent apartments, health check-ups, and performance-based compensation mechanisms[199]. - The company promotes a culture of environmental awareness among employees, encouraging practices such as waste sorting and paperless operations[199]. - The company aims to integrate social responsibility into its development strategy, balancing economic and social benefits[200]. Future Strategies - Future strategies include market expansion and potential mergers and acquisitions to enhance growth opportunities[19]. - The company plans to enhance its technological innovation and strengthen its R&D system to maintain a competitive edge in the solar photovoltaic and semiconductor electronic fields[108]. - The company is focusing on the long-term development strategy and has proposed a special report on the actual use of raised funds[163]. - The company plans to issue stocks to specific targets in 2024, with measures to mitigate immediate dilution effects[161]. - The company is set to implement a three-year shareholder return plan from 2024 to 2026[161].

证券代码：300842 证券简称：帝科股份 公告编号：2025-004 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。 一、董事会会议召开情况 无锡帝科电子材料股份有限公司 第三届董事会第七次会议决议公告 无锡帝科电子材料股份有限公司（以下简称"公司"）第三届董事会第七次 会议于 2025 年 2 月 27 日以现场结合腾讯会议的方式在公司会议室召开，会议通 知及补充通知等相关资料已于 2025 年 2 月 17 日、2 月 23 日、2 月 24 日通过电 子邮件、微信方式送达全体董事。本次会议由董事长史卫利召集并主持，应出席 董事 5 人，实际出席董事 5 人，其中董事李建辉、秦舒以腾讯会议方式参会，公 司监事、高级管理人员列席了会议。本次董事会的召集、召开符合《中华人民共 和国公司法》（以下简称"《公司法》"）等法律、法规、规范性文件及《无锡帝科 电子材料股份有限公司章程》（以下简称"《公司章程》"）的有关规定，会议合法、 有效。 二、董事会会议审议情况 与会董事对本次会议需审议的议案进行了充分讨论，审议通过了以下议案： （一）审议通过《关于公司<202 ...

证券代码：300842 证券简称：帝科股份 公告编号：2025-008 无锡帝科电子材料股份有限公司 关于 2024 年度利润分配预案的公告 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。 2. 董事会审议情况 2025 年 2 月 27 日，公司召开的第三届董事会第七次会议，审议通过了《关 于公司 2024 年度利润分配预案的议案》，公司董事会同意将该议案提交公司 2024 年年度股东大会审议。 3. 监事会审议情况 2025 年 2 月 27 日，公司召开的第三届监事会第九次会议，审议通过了《关 于公司 2024 年度利润分配预案的议案》，监事会认为：董事会提出的 2024 年度 利润分配预案是综合考虑公司当前实际情况以及未来发展规划，符合《公司法》 《证券法》和《公司章程》对于利润分配的相关规定，充分体现了公司对投资者 的回报，有利于维护全体股东的利益，不存在损害公司股东特别是中小股东的情 形。因此，监事会同意《关于公司 2024 年度利润分配预案的议案》并同意将该 议案提交公司股东大会审议。 本议案尚需提交公司 2024 年年度股东大会审议。 二、 公 ...

关于持股 5%以上股东减持股份的预披露公告 公司持股 5%以上股东上海乾瀛投资管理有限公司－乾瀛价值成长 7 号私募 证券投资基金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。 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： 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"）股东 上海乾瀛投资管理有限公司－乾瀛价值成长 7 号私募证券投资基金（以下简称 "乾瀛基金"）截至本公告日持有公司股份 7,140,000 股，占帝科股份总股本的 比例为 5.0746%。乾瀛基金计划自本公告披露之日起 15 个交易日之后 3 个月内 以集中竞价交易或大宗交易的方式合计减持公司股份数量不超过 2,110,500 股， 即不超过公司总股本的 1.50%（如遇派息、送股、转增股本、配股等除权除息事 项，上述拟减持股份数量将相应进行调整，但减持股份占帝科股份总股本的比例 不变）。 公司于近日收到股东乾瀛基金出具的《股份减持计划告知函》，现将具体情 况公告如下： 一、 股东的基本情况 证券代码：300842 证券简称：帝科股份 公告编号：2025-00 ...

Investment Rating - The report maintains a "Buy" rating for the company [3]. Core Insights - The company is positioned as a leader in the photovoltaic silver paste market, with comprehensive technology solutions and a strong focus on research and development to maintain its competitive edge [1][3]. - The copper paste technology is highlighted as a key area of focus, with significant potential for cost reduction in photovoltaic cells by replacing silver with copper [1]. - The company has a rich technical reserve in metallization solutions, particularly in TOPCon, IBC, and HJT technologies, which are expected to drive future growth [1]. Summary by Sections Investment Highlights - The report emphasizes the importance of metallization cost reduction in photovoltaic cells, with various technologies like silver-coated copper and copper plating being explored [1]. - The copper paste technology faces challenges such as oxidation and diffusion, but the company is actively addressing these issues through partnerships and research [1]. Technical Leadership - The company has established itself as a leader in high-performance electronic materials, with a focus on N-type TOPCon, HJT, and IBC technologies [1]. - The copper paste technology is expected to achieve industrialization breakthroughs first in HJT cells due to their unique structure, which simplifies the manufacturing process [1]. Financial Forecast and Valuation - The report maintains profit forecasts for 2024-2026, projecting net profits of 515 million, 630 million, and 724 million yuan respectively, with corresponding EPS of 3.66, 4.48, and 5.15 yuan per share [2][3]. - The company is expected to maintain a strong P/E ratio, projected at 13, 11, and 9 for the years 2024-2026 [2].

上海市通力律师事务所 关于无锡帝科电子材料股份有限公司 2024 年第六次临时股东大会的法律意见书 致: 无锡帝科电子材料股份有限公司 上海市通力律师事务所(以下简称"本所")接受无锡帝科电子材料股份有限公司(以下 简称"公司")的委托, 指派本所纪宇轩律师、卓海萍律师(以下简称"本所律师")根据《中 华人民共和国公司法》《中华人民共和国证券法》《上市公司股东大会规则》等法律法规和 规范性文件(以下统称"法律法规")及《无锡帝科电子材料股份有限公司章程》(以下简称 "公司章程")的规定就公司 2024 年第六次临时股东大会(以下简称"本次股东大会")相 关事宜出具法律意见。 本所律师已经对公司提供的与本次股东大会有关的法律文件及其他文件、资料予以了 核查、验证。在进行核查验证过程中, 公司已向本所保证, 公司提供予本所之文件中的所有 签署、盖章及印章都是真实的, 所有作为正本提交给本所的文件都是真实、准确、完整和有 效的, 且文件材料为副本或复印件的, 其与原件一致和相符。 在本法律意见书中, 本所仅对本次股东大会召集和召开的程序、出席本次股东大会人员 资格和召集人资格及表决程序、表决结果是否符合法律法规和公 ...

Group 1: Sales and Production Forecast - The company expects a total shipment volume of 2000-2500 tons for the year 2024, with a projected sales volume of 1,581.16 tons in Q1 2024, representing a year-on-year increase of 41.40% [2] - Of the total sales, 1,386.40 tons (87.66%) are attributed to N-type TOPCon battery silver paste products, maintaining the company's leading position in the industry [2] Group 2: Product Development and Market Position - The company has been supplying BC battery silver paste since 2020 and is recognized as the first domestic supplier of BC battery paste, with ongoing investments in R&D and market expansion [2][3] - The company is a major supplier for mass production of BC batteries and is actively developing potential customers, contributing positively to future performance [3] Group 3: Research and Development in Copper and Silver Paste - The company is focusing on low-silver technologies, including copper paste, and has established partnerships with leading industry players to develop copper paste technology [3] - The company has achieved large-scale production of silver-coated copper paste with 50% silver content and is advancing lower silver content technologies [3] Group 4: Impact of New Technologies on Profitability - The company has made technological reserves for innovations in the photovoltaic industry, which are expected to enhance the profitability of silver paste products through the introduction of new technologies [3]

证券代码：300842 证券简称：帝科股份 编号：2024-007 无锡帝科电子材料股份有限公司 投资者关系活动记录表 | --- | --- | --- | |--------------------------|----------------------------------|--------------------------------------------------------| | | | | | | 特定对象调研 | □分析师会议 | | 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 | 东北证券、中泰证券、正心谷资本等 | 4 人 | | 时间 | 2024 年 11 月 19 日 -11 月 | 20 日 | | 地点 | 公司会议室 | | | 上 市公 司接 待 人员姓名 | 副总经理、董事会秘书：彭民先生 | | | | 1 、公司对 2024 | 年四季度的出货量预期？ | | | 答： 2024 年 1-3 | 季度，公司光伏导电银浆实现销售 1,5 ...