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。 重要内容提示： 1、本次归属股票数量：224,250 股，占目前公司总股本的 0.06%； 2、本次归属股票人数：18 人； 证券代码：300855 证券简称：图南股份 公告编号：2024-042 江苏图南合金股份有限公司 关于 2022 年限制性股票激励计划 第二个归属期归属结果暨股份上市的公告 3、本次归属股票上市流通日：2024 年 9 月 12 日； 4、本次归属股票来源：公司向激励对象定向发行的本公司人民 币 A 股普通股股票。 江苏图南合金股份有限公司（以下简称"公司"或"本公司"）于 2024 年 8 月 15 日召开第四届董事会第三次会议和第四届监事会第三 次会议，分别审议通过了《关于 2022 年限制性股票激励计划第二个 归属期归属条件成就的议案》。近日，公司办理了 2022 年限制性股票 激励计划（以下简称"本次激励计划"）第二个归属期归属股份的归属 登记工作，现将有关具体情况公告如下： 一、2022 年限制性股票激励计划实施情况概要 （一）本次激励计划主要内容及履行程序 1、本次激励计划主要 ...

Investment Rating - The report maintains a rating of "Accumulate" for the company [2][8]. Core Views - The company's performance in the first half of 2024 was slightly below expectations, with revenue of 731 million yuan, a year-on-year increase of 6.07%, and a net profit attributable to shareholders of 191 million yuan, up 7.11% year-on-year [3][8]. - The demand in the petrochemical and power sectors is strong, leading to rapid revenue growth in the company's deformed high-temperature alloys, which achieved 277 million yuan in revenue, a year-on-year increase of 30.79% [8]. - The company is actively expanding into overseas markets, and the completion of two subsidiaries in Shenyang is expected to further enhance growth potential [8]. Financial Summary - The company has adjusted its net profit forecasts for 2024 and 2025 to 403 million yuan and 497 million yuan, respectively, down from previous estimates of 465 million yuan and 590 million yuan [8][9]. - The target price has been revised down to 27.54 yuan from 39.60 yuan, based on a valuation of 27 times the expected earnings per share (EPS) for 2024 [8][10]. - The company's gross profit margin and net profit margin for the first half of 2024 were 38.34% and 26.16%, respectively, both showing slight year-on-year increases [8]. Market Data - The company's stock price has fluctuated between 18.50 yuan and 35.14 yuan over the past 52 weeks, with a current price of 22.16 yuan [4]. - The total market capitalization is approximately 8.76 billion yuan, with a total share capital of 395 million shares [4]. Future Outlook - The company is expected to see a gradual realization of revenue from its new subsidiaries, with projected annual sales of 231 million yuan from one of the completed projects [8]. - The financial forecasts indicate a steady increase in revenue and net profit over the next few years, with expected revenues of 1.48 billion yuan in 2024 and 1.91 billion yuan in 2026 [9].

法律意见书 地址：上海市浦东新区银城中路 501 号上海中心大厦 11、12 层 电话：021-20511000 传真：021-20511999 邮编：200120 上海市锦天城律师事务所 法律意见书 上海市锦天城律师事务所 关于江苏图南合金股份有限公司 2024 年第二次临时股东大会的 上海市锦天城律师事务所 关于江苏图南合金股份有限公司 2024 年第二次临时股东大会的 法律意见书 案号：01G20201891 致：江苏图南合金股份有限公司 上海市锦天城律师事务所（以下简称"本所"）接受江苏图南合金股份有限 公司（以下简称"公司"）委托，就公司召开 2024 年第二次临时股东大会（以下 简称"本次股东大会"）的有关事宜，根据《中华人民共和国证券法》（下称"《证 券法》"）、《中华人民共和国公司法》（以下简称"《公司法》"）、《上市公司股东大 会规则》等法律、法规和其他规范性文件以及《江苏图南合金股份有限公司章程》 （以下简称"《公司章程》"）的有关规定，出具本法律意见书。 为出具本法律意见书，本所及本所律师依据《律师事务所从事证券法律业务 管理办法》和《律师事务所证券法律业务执业规则（试行）》等规定，严格 ...

一、会议召开情况 1、会议召开时间： 证券代码：300855 证券简称：图南股份 公告编号：2024-041 江苏图南合金股份有限公司 2024 年第二次临时股东大会决议公告 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。 特别提示： 1、本次股东大会未出现否决议案的情形； 2、本次股东大会未涉及变更以往股东大会已通过的决议。 （1）现场会议召开时间：2024 年 9 月 2 日（星期一）15:00。 （2）网络投票时间：通过深圳证券交易所交易系统进行网络投 票的具体时间为 2024 年 9 月 2日 9:15-9:25，9:30-11:30 和 13:00-15:00； 通过深圳证券交易所互联网投票系统进行网络投票的具体时间为 2024 年 9 月 2 日 9:15-15:00。 2、会议召开方式：现场表决与网络投票相结合。 3、现场会议召开地点：江苏省丹阳市凤林大道 9 号，公司五楼 会议室。 4、会议召集人：公司第四届董事会。 5、会议主持人：董事长万柏方先生。 6、本次会议的召集、召开符合有关法律、行政法规、部门规章、 规范性文件和《公司章程》等的规定 ...

证券研究报告 | 半年报点评 gszqdatemark 2024 08 27 年 月 日 图南股份（300855.SZ） 2024H1 实现归母净利润 1.91 亿元，同比+7.11% 事件：公司发布 2024 年半年报。2024H1 营收 7.31 亿元，同比+6.07%； 归母净利润 1.91 亿元，同比+7.11%；扣非归母净利润 1.92 亿元，同比 +11.38%。单季度来看，2024Q2 营收 3.82 亿元，同比+6.41%，环比 +9.07%；归母净利润 1.01 亿元，同比+5.68%，环比+10.68%；扣非归 母净利润 1.02 亿元，同比+8.71%，环比+13.34%。 利润表：变形高温合金是公司收入增长主要来源，盈利能力稳中有增。收 入端，2024H1 铸造高温合金营收 2.79 亿元，同比-19.45%，变形高温合 金营收 2.77 亿元，同比+30.79%，特种不锈钢营收 0.39 亿元，同比5.40%，其他合金营收 0.88 亿元，同比+21.13%。盈利能力端，2024H1 公司毛利率 38.34%，同比+1.13pct，其中铸造高温合金/变形高温合金/ 特种不锈钢/其他合 ...

Group 1: Company Overview - Jiangsu Tunan Alloy Co., Ltd. specializes in the research, production, and sales of high-performance alloy materials, including high-temperature alloys and special stainless steels [2] - The company has established a complete industrial chain production process, including special smelting, forging, hot rolling, and casting [2] - Tunan is one of the few domestic companies capable of mass-producing both deformed high-temperature alloys and cast high-temperature alloys [2] Group 2: Financial Performance - In the first half of 2024, the sales revenue for cast high-temperature alloys reached CNY 279.29 million, accounting for 40.89% of the main business revenue [3] - The sales revenue for deformed high-temperature alloys was CNY 277.46 million, representing 40.62% of the main business revenue [3] - Other business revenue achieved CNY 48.35 million, a significant increase of 177.52% compared to the same period last year, primarily driven by processing fees from the Shenyang subsidiary [3] Group 3: Market Expansion - The company is focusing on expanding high-end civilian product customer resources and overseas markets [3] - Sales revenue from deformed high-temperature alloys in the petroleum, chemical, and energy sectors has increased in the first half of 2024 [3] - The sales revenue through the distribution model for deformed high-temperature alloys reached CNY 69.07 million, a growth of 32.41% year-on-year, driven by increased sales in the civilian sector [3] Group 4: Project Development - The Shenyang Tunan Intelligent Manufacturing Co., Ltd. construction project is still in the construction phase, with some production line equipment installed and accepted [4]

Summary of Conference Call Companies Involved - Xinneng Technology (心灵能) - Tunan Co., Ltd. (图南股份) - Huaqing Technology (华清科技) - Zhimin Da (知名达) Core Points and Arguments - The conference call is part of a series discussing mid-year reports for the mentioned companies, indicating a focus on financial performance and market positioning [1] - Huaqing Technology and Zhimin Da were discussed in previous calls, suggesting a structured approach to analyzing multiple companies within a short timeframe [1] Other Important but Possibly Overlooked Content - The timing of the calls indicates a strategic effort to provide timely updates to investors and stakeholders regarding the financial health and operational strategies of the companies involved [1]

证券研究报告 [公司评级 Table_Invest] 增持 当前价格 23.50 元 合理价值 30.01 元 前次评级 增持 报告日期 2024-08-19 SAC 执证号：S0260523050004 021-38003617 wangle@gf.com.cn 请注意，王乐并非香港证券及期货事务监察委员会的注册 持牌人，不可在香港从事受监管活动。 [Table_ 相关研究： DocReport] 图南股份（300855.SZ）:23 2024-04-26 年业绩稳增，看好航发及外 贸弹性 [Table_Title] 图南股份（300855.SZ） 24H1 业绩稳健增长，下游航发及民品需求景气可期 [Table_Summary] 核心观点： ⚫ 事件：公司公告 24 年半年报，2024 年上半年公司实现营收 7.31 亿 元，同比增长 6.07%；实现归母净利润 1.91 亿元，同比增长 7.11%； 实现扣非归母净利润 1.92 亿元，同比增长 11.38%。 ⚫ 24H1 业绩稳健增长，下游航发及民品景气可期。公司 24H1、24Q2 营 业收入同比增速分别为 6.07%、6.41%；归母净利润同比增 ...

证券代码：300855 证券简称：图南股份 | --- | --- | --- | --- | |--------------------|-----------------------|-------------|-----------------------| | | | | 编号：[2024]第 009 号 | | | ■特定对象调研 | □分析师会议 | | | | □媒体采访 □业绩说明会 | | | | 投资者关系活动类别 | □新闻发布会 □路演活动 | | | | | □现场参观 | | | □其他 中信证券：杨博钧、吴子祎；上海山合私募：王兆成；江苏金信： 奚晓敏；财通证券：杨博星；华泰证券：田莫充；浙商基金：杜 旭赟；东方证券：冯函；富国基金：徐鸿博 参与单位名称及 人员姓名 时间 2024 年 8 月 19 日 地点 公司会议室 上市公司接待人 员姓名 董事会秘书：何剑；证券事务代表：范路璐 一、签署调研承诺书 二、公司历史沿革、主营业务简介 1991 年 5 月，丹阳市精密合金厂设立；2000 年，丹阳市精 密合金厂由集体所有制企业改制为私营企业；2007 年 12 月，丹 阳市精密合 ...

Investment Rating - The report maintains a "Recommended" rating for the company [3]. Core Views - The company reported a revenue of 731 million yuan for the first half of 2024, a year-on-year increase of 6.1%, and a net profit attributable to shareholders of 191 million yuan, up 7.1% year-on-year. The performance is in line with expectations considering the high base effect from the previous year [1]. - The company is actively expanding its civilian product lines and extending its industrial chain, particularly in high-temperature alloy materials, which have significant growth potential. The subsidiary has established a production capacity for aviation components, expected to generate annual revenue of approximately 231 million yuan once fully operational [2]. - The company is expected to maintain a rapid growth trajectory, benefiting from both military and civilian product demand, with projected net profits of 389 million yuan, 490 million yuan, and 583 million yuan for 2024, 2025, and 2026, respectively [2]. Financial Summary - For 2024, the company is projected to achieve a revenue of 1.594 billion yuan, with a growth rate of 15.13%. The net profit is expected to be 389 million yuan, reflecting a growth rate of 17.64% [8]. - The gross margin is forecasted to be 34.94% in 2024, slightly up from 34.33% in 2023 [12]. - The earnings per share (EPS) are expected to be 0.98 yuan in 2024, increasing to 1.24 yuan in 2025 and 1.47 yuan in 2026 [11].