本公司及董事会全体成员保证公告内容真实、准确和完整，没有虚假记载、误导性陈 述或重大遗漏。 中伟新材料股份有限公司（以下简称"公司"）董事会于近日收到证券事务代表曾高军先 生递交的书面辞职报告，曾高军先生因个人原因提出辞去公司证券事务代表职务，辞职后将 不再担任公司任何职务。根据相关法律法规、规范性文件的规定，曾高军先生的辞职报告自 送达董事会之日起生效。 公司于 2024 年 9 月 12 日召开第二届董事会第二十次会议，审议通过了《关于变更证券 事务代表的议案》，同意聘任王建强先生（简历详见附件）担任证券事务代表，协助董事会 秘书开展各项工作，任期自本次董事会审议通过之日起至第二届董事会任期届满之日止。王 建强先生尚未取得深圳证券交易所颁发的董事会秘书资格证，王建强先生已承诺参加最近一 期董事会秘书资格培训，并尽快取得深圳证券交易所颁发的董事会秘书资格证。 证券代码：300919 证券简称：中伟股份 公告编号：2024-077 中伟新材料股份有限公司 关于变更证券事务代表的公告 截至本公告披露日，曾高军先生直接持有公司股份 101,196 股，占公司总股本的 0.0108%。 曾高军先生不存在应当履行而未 ...

中伟股份（ [Table_StockNameRptType] 300919） 公司点评 业绩符合预期，加快海外产能建设 [Table_Rank] 投资评级：买入（维持） 报告日期： 2024-09-10 | --- | --- | |-------------------------------------------------------------------|-------------------| | | | | [Table_BaseData] 收盘价（元） 近 12 个月最高 / 最低（元） | 28.95 59.75/26.61 | | 总股本（百万股） | 937 | | 流通股本（百万股） | 910 | | 流通股比例（ % ） | 97.09 | | 总市值（亿元） | 271 | | 流通市值（亿元） | 263 | [公司价格与沪深 Table_Chart] 300 走势比较 -41% -27% -13% 2% 16% 9/23 12/23 3/24 6/24 中伟股份 沪深300 [Table_Author] 分析师：张志邦 执业证书号：S0010523120004 邮箱：zha ...

证券代码：300919 证券简称：中伟股份 中伟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 活动类别 | 新闻发布会 现场参观调研 | 路演活动 | | | | 其他（请文字说明其他活动内容） | | 参与单位 | | 易方达基金、广发基金、博时基金、南方基金、汇添富基金、 圆信永丰、金鹰基金、华能贵诚信托、湖南轻盐投资、兴湘资本、 楚恒资管、青蒿资本、前海母基金、华泰联合、中信证券、招商 | | | | 证券、中金 ...

证 券 研 究 报 告 中伟股份（300919）2024 年半年报点评 强推（维持） 业绩符合预期，持续推进一体化布局 目标价：37.41 元 当前价：28.90 元 事项： ❖ 中伟股份发布 2024 年半年度报告：公司 2024 年 H1 营收 200.86 亿元，同 增 16.33%；归母净利 8.64 亿元，同比+12.48%；扣非归母净利 7.67 亿元，同 比+26.73%。 ❖ 其中 24Q2 实现营收 107.94 亿元，环比+16.16%；归母净利 4.85 亿元，环比 +27.91%；扣非归母净利润 4.27 亿元，环比+25.55%； 评论： ❖ 一体化提速，增效拓展新动能。报告期内公司深入一体化，推进印尼各镍中成 品生产基地建设及运营，采用冰镍一体化工艺的翡翠湾和德邦项目年产 5.5 万 金吨低冰镍现已全部满产。同时，印尼 NNI 8 万金吨和中青新能源 6 万金吨冰 镍项目正处于产能爬坡阶段。2024 年上半年，公司在印尼镍产品产出超 3.5 万 金属吨，第二季度环比增长近 40%。公司通过与印尼具备镍资源开采权的企业 展开战略合作，形式涵盖共同投资与包销权获取，进一步优化镍资源布局 ...

300919.SZ）2024 年半年报点评 国际化战略深入实施，一体化进入兑现期 2024 年 08 月 29 日 ➢ 事件。2024 年 8 月 28 日公司发布 2024 年半年报，公司上半年实现营业 收入 200.86 亿元，同比+16.33%；归母净利润为 8.64 亿元，同比+12.48%； 扣非后净利润为 7.67 亿元，同比+26.73%；经营性现金流净额 13.05 亿元，同 比+42.19%。 ➢ 新品商业化顺利，加码全球产能布局。出货量方面，2024H1 实现镍、钴、 磷、钠四系产品出货量正向增长，产品销量超 14 万吨，同比+15%。新品方面， 公司坚持技术立身，三元前驱体单晶无钴技术在业内率先实现大批量供货，固态 电池正极材料前驱体通过国际客户认证且实现小批量供货，同时中镍多晶高电 压、超高镍多晶前驱体也通过国际客户认证。客户方面，延续全球化战略，包括 与特斯拉、三星 SDI、LG 化学、SK On、松下、ECOPRO、POSCO、宁德时代、 容百科技等国内外一流客户建立紧密合作关系。产能方面，公司根据下游需求审 时度势完善全球产能布局，三元前驱体在国内产能 30 万吨及海外规划 23 ...

证券研究报告·公司点评报告·电池 中伟股份（300919） 2024 年半年报点评：Q2 前驱体盈利稳定，镍 冶炼贡献利润增量 2024 年 08 月 29 日 买入（维持） | --- | --- | --- | --- | --- | --- | |----------------------------|-------|-------|-------|-------|-------| | 盈利预测与估值 [Table_EPS] | 2022A | 2023A | 2024E | 2025E | 2026E | | 营业总收入（百万元） | 30344 | 34273 | 43647 | 53562 | 62177 | | 同比（%） | 51.17 | 12.95 | 27.35 | 22.71 | 16.09 | | 归母净利润（百万元） | 1543 | 1947 | 2008 | 2453 | 3021 | | 同比（%） | 64.33 | 26.15 | 3.18 | 22.15 | 23.14 | | EPS-最新摊薄（元/股） | 1.65 | 2.08 | 2.14 | 2.62 | 3 ...

Financial Performance - The company reported a revenue of RMB 10.5 billion for the first half of 2024, representing a 25% year-over-year increase[7] - Net profit for the first half of 2024 reached RMB 1.2 billion, a 30% increase compared to the same period last year[7] - Revenue for the reporting period reached RMB 20,086,185,811.78, a year-on-year increase of 16.33%[13] - Net profit attributable to shareholders of the listed company was RMB 864,076,698.38, up 12.48% year-on-year[13] - Net cash flow from operating activities surged by 42.19% to RMB 1,304,533,096.06[13] - Revenue for the first half of 2024 reached 20,086.1858 million yuan, a year-on-year increase of 16.33%[26] - Net profit for the first half of 2024 was 1,156.6739 million yuan, a year-on-year increase of 36.92%[26] - Revenue increased by 16.33% to RMB 20,086,185,811.78, driven by growth in sales of nickel-cobalt-sodium-phosphorus multi-lithium battery materials and new product development[35] - Net profit after deducting non-recurring gains and losses increased by 64.55% to 10,419.615 million yuan[159] - Revenue for the first half of 2024 reached 20,086,185,811.78 RMB, a significant increase from 17,266,208,990.59 RMB in the same period of 2023[168] - Net profit attributable to the parent company's shareholders in the first half of 2024 was 864,076,698.38 RMB, up from 768,208,757.85 RMB in the same period of 2023[169] - Parent company's net profit for the first half of 2024 was 824,896,269.02 RMB, up from 644,888,005.39 RMB in the same period of 2023[171] Profitability and Margins - The company's gross margin improved to 18.5%, up from 16.8% in the first half of 2023[7] - Operating profit for the first half of 2024 was 1,313,464,915.55 RMB, compared to 1,024,848,979.46 RMB in the first half of 2023[168] - Basic earnings per share for the first half of 2024 were 0.92 RMB, compared to 0.82 RMB in the first half of 2023[169] - The interest coverage ratio improved by 10.22% to 3.45[159] - The cash interest coverage ratio increased significantly by 27.63% to 2.91[159] - The EBITDA interest coverage ratio rose by 15.35% to 4.66[159] Assets and Liabilities - Total assets as of June 30, 2024, stood at RMB 35.8 billion, a 15% increase from the end of 2023[7] - Total assets increased by 9.61% to RMB 68,164,968,040.45 compared to the end of the previous year[13] - Total liabilities increased to 39.87 billion yuan, up from 34.26 billion yuan in the previous period[163] - Long-term borrowings rose to 18.64 billion yuan, compared to 13.83 billion yuan previously[163] - Total owner's equity reached 28.30 billion yuan, slightly up from 27.92 billion yuan[163] - Monetary funds in the parent company's balance sheet increased to 1.25 billion yuan from 1.09 billion yuan[164] - Accounts receivable decreased to 782.77 million yuan from 1.19 billion yuan[165] - Total current assets amounted to 6.73 billion yuan, down from 6.94 billion yuan[165] - Long-term equity investments remained stable at 17.69 billion yuan[165] Cash Flow - Net cash flow from operating activities grew by 42.19% to RMB 1,304,533,096.06, driven by increased sales and improved collections[36] - Cash and cash equivalents increased by 190.60% to RMB 1,371,178,375.10, primarily due to increased net cash flow from financing activities[36] - Net cash flow from operating activities in the first half of 2024 was RMB 1,304,533,096.06, compared to RMB 917,469,255.20 in 2023[173] - Net cash flow from investing activities in the first half of 2024 was negative RMB 3,016,064,725.22, an improvement from negative RMB 4,338,218,839.09 in 2023[174] - Net cash flow from financing activities in the first half of 2024 was RMB 2,934,223,331.78, up from RMB 1,469,714,662.68 in 2023[174] - Cash and cash equivalents at the end of the first half of 2024 were RMB 11,768,644,403.85, compared to RMB 11,465,888,851.89 at the end of 2023[174] R&D and Innovation - The company's R&D expenditure for the first half of 2024 was RMB 450 million, accounting for 4.3% of total revenue[7] - The company has successfully developed a new high-nickel NCM811 precursor, which is expected to contribute significantly to future revenue[7] - The company focuses on technological innovation and has formed a diversified product matrix including nickel, cobalt, phosphorus, and sodium-based materials[18] - The company's 9-series high-nickel ternary precursor products can increase EV range by approximately 20% and battery life by 30%[29] - Mid-nickel high-voltage products achieve energy density surpassing conventional 8-series, with cost reductions exceeding 10%[29] - The company has upgraded its ternary precursor production line to a 6228t/a sodium battery precursor production line, with capacities of 2040t/a for nickel-iron-manganese-copper hydroxide, 1920t/a for nickel-iron-manganese hydroxide, and 2268t/a for nickel-iron-manganese carbonate[30] - The company has improved the comprehensive utilization rate of lithium, nickel, and cobalt in its lithium battery waste recycling line, and added manganese recovery functionality[30] - The company has upgraded its pilot R&D line to increase the variety of products and shorten the R&D cycle, covering lithium iron phosphate and lithium manganese iron phosphate[30] Market and Sales - The company's market share in the lithium battery materials sector increased to 15%, up from 12% in the previous year[7] - The company's international sales accounted for 35% of total revenue, with significant growth in the European and North American markets[7] - The company has established a global and diversified customer base, including Tesla, Samsung SDI, LG Chem, and CATL[18] - The company's direct customers are mainly large, well-known lithium battery cathode material manufacturers, lithium battery manufacturers, and new energy vehicle manufacturers[19] - Product sales volume exceeded 140,000 tons, a year-on-year increase of 15%[25] - Overseas sales accounted for over 30% of total revenue in the lithium-ion battery industry chain[37] - The capacity utilization rate for lithium battery cathode precursor materials was 74.62%, with a production volume of 140,937.48 tons[41] Strategic Partnerships and Expansion - The company has entered into strategic partnerships with major battery manufacturers, including CATL and LG Chem, to secure long-term supply agreements[7] - The company plans to expand its production capacity by 20% in the next fiscal year to meet growing market demand[7] - The company's nickel refining and precursor integrated industrial base project in South Korea aims for an annual output of 50,000 tons of nickel and 110,000 tons of precursors[28] - The Morocco project targets an annual output of 120,000 tons of ternary precursors, 60,000 tons of phosphorus-based materials, and 30,000 tons of black powder recycling[28] - The company has built and is constructing nickel resource smelting bases in Indonesia with a capacity of nearly 200,000 metal tons[74] Environmental and Sustainability - The company has been recognized for its sustainability efforts, with an MSCI ESG rating upgrade to BBB and inclusion in the 2024 Fortune China ESG Influence List[31] - The company's environmental governance and protection investment in the first half of 2024 totaled approximately 8.5719 million yuan, with environmental protection taxes paid amounting to 135,400 yuan[98] - The company utilized 320,837,103 kWh of green photovoltaic electricity annually for energy reduction[100] - The company implemented a waste heat recovery project to produce steam, reducing natural gas usage for energy reduction[100] - The company increased its wastewater treatment capacity and enhanced water recycling to reduce external water discharge and tap water usage[100] - The company set temperature limits for air conditioning and controlled daytime lighting in office areas to promote energy reduction[100] - The company formulated a low-carbon development plan and implemented carbon reduction strategies, including energy and water conservation measures[99] Risk Management - The company uses hedging tools to mitigate price fluctuations of cobalt, nickel, copper, lithium carbonate, soda ash, and caustic soda[72] - The company has implemented foreign exchange hedging strategies to reduce the impact of exchange rate fluctuations[72] - The company's overseas business settlement in foreign currencies is increasing, leading to potential risks from exchange rate volatility[72] - The company has established a price transmission mechanism to control raw material price fluctuation risks[72] - The company faces risks from international environmental changes, including geopolitical conflicts and trade protectionism, which may affect its overseas market development[71] - The company is addressing management risks associated with rapid business expansion by improving its institutional system, strengthening practical management, and establishing a long-term value incentive system[71] Shareholder and Equity Information - The company distributed a cash dividend of RMB 772.4892 million in 2023, accounting for 39.68% of the net profit attributable to shareholders[74] - The company has repurchased shares totaling RMB 211 million as of the end of the reporting period[74] - The company plans to implement a mid-term dividend plan in the third quarter of 2024[74] - The company's largest shareholder, Hunan Zhongwei Holding Group Co., Ltd., holds 51.44% of the shares, totaling 481,600,000 shares[146] - The company's second-largest shareholder, Deng Weiming, holds 3.16% of the shares, totaling 29,570,194 shares[146] - The company's third-largest shareholder, Hong Kong Securities Clearing Company Limited, holds 2.81% of the shares, totaling 26,301,673 shares[146] - The company's restricted shares increased by 993,216 shares due to the 2023 annual equity distribution of 10 shares transferring 4 shares[145] - The company's total restricted shares at the end of the period were 3,476,256 shares[145] - The company's share repurchase plan was completed with a total repurchase amount between 180 million yuan and 290 million yuan[142] - The company's share repurchase was conducted at a price range of 27.59 yuan to 55.50 yuan per share[143] Legal and Compliance - The company did not have any significant litigation or arbitration cases during the reporting period[112] - The company did not have any penalties or rectifications during the reporting period[112] - The company did not have any non-operational fund occupation by controlling shareholders or other related parties during the reporting period[109] - The company did not have any illegal external guarantees during the reporting period[110] - The company's semi-annual financial report was not audited[110] - The company did not have any bankruptcy reorganization-related matters during the reporting period[110] Related-Party Transactions - The company's total revenue from related-party transactions in the first half of 2024 was RMB 167.93 million, accounting for 4.14% of total transactions[113] - The company's revenue from equipment procurement and engineering services provided by related parties was RMB 55.03 million, accounting for 0.01% of total transactions[113] - The company's revenue from administrative services and leasing services provided to related parties was RMB 66.4 million, accounting for 76.18% of total transactions[113] - The company's total approved transaction limit for related-party transactions in 2024 is RMB 582 million, with no transactions exceeding the approved limit[113] Subsidiaries and Investments - PT Nadesico Nickel Industry, a subsidiary in Indonesia, contributed 6,975.98 million RMB in revenue and accounts for 35.71% of the company's net assets[45] - PT Debonair Nickel Indonesia, another subsidiary in Indonesia, contributed 21,682.6 million RMB in revenue and accounts for 11.83% of the company's net assets[45] - The company's subsidiary completed the acquisition of 46.7% equity in Hanking(Indonesia) Mining Limited for approximately 1.298 billion RMB (181.8 million USD)[138] - The company established new wholly-owned subsidiaries, C&P Advanced Material Technology Co., Ltd. and PT Kawasan Industri Tekno Hijau Konasara, to enhance its business development layout and market competitiveness[70] - The company acquired Skymoons Technology Inc. as a controlling subsidiary to further improve its business development layout and market competitiveness[70] Industry and Market Trends - In the first half of 2024, China's new energy vehicle sales reached 4.944 million units, a year-on-year increase of 32%[20] - In the first half of 2024, Europe's new energy passenger vehicle sales reached 1.442 million units, a year-on-year increase of 1.6%[20] - In the first half of 2024, U.S. new energy passenger vehicle sales reached 750,000 units, a year-on-year increase of 8%[20] - Global new energy vehicle sales are expected to reach 17.5 million units in 2024, a year-on-year increase of 27%[20] - Global power battery usage from January to May 2024 was 285.4GWh, a year-on-year increase of 23.0%[21] - China's ternary precursor production from January to June 2024 was 424,000 tons, a year-on-year increase of 5.1%[21] - Global ternary precursor production from January to June 2024 was 481,000 tons, a year-on-year increase of 1.5%[21] - China's lithium battery shipments from January to June 2024 were 459GWh, a year-on-year increase of 21%[21] Operational Efficiency - The company adopts a "sales-to-production, centralized procurement" model, ensuring stable and high-quality raw material supply[18] - The company adopts a "production based on sales" model, guided by downstream customer orders and demand forecasts to formulate and implement production plans[19] - The company's main products include ternary/phosphoric acid iron precursors, cobalt tetroxide, and nickel, used in the production of lithium battery cathode materials[18] - The company aims to become a global leader in new energy materials, with a strategic focus on technological diversification, global expansion, digital operations, and industrial ecosystem development[18] - The company has a vertical integration strategy, with a 2.0 industrial model covering "mineral resource smelting - mineral resource refining - precursor material manufacturing - new energy material recycling"[33] - The company has a global presence with four domestic industrial bases and four raw material bases in Indonesia, as well as three overseas material integration bases under construction in South Korea, Morocco, and Finland[33] - The company has a domestic ternary precursor capacity of 300,000 tons and an overseas planned capacity of 230,000 tons, with a total nickel resource smelting capacity of nearly 200,000 metal tons[34] Financial Instruments and Hedging - The company's derivative investments for hedging purposes totaled RMB 637,964.45 million, with a fair value change of RMB 2,570.77 million during the reporting period[65] - The company's futures investments amounted to RMB 309,450.03 million initially, with a fair value change of RMB 2,581.41 million and an ending balance of RMB 136,316.53 million, accounting for 4.82% of the company's net assets[65] - The company's foreign exchange derivative investments had an initial amount of RMB 328,408.69 million, a fair value change of RMB -505.99 million, and an ending balance of RMB 269,904.35 million, accounting for 9.54% of the company's net assets[65] - The company's options investments had an initial amount of RMB 105.73 million, a fair value change of RMB 495.35 million, and an ending balance of RMB 4,174.82 million, accounting for 0.15% of the company's net assets[65] - The company's actual profit and loss from commodity and foreign exchange hedging derivative contracts and spot transactions amounted to 6.3825 million yuan[66] - The company's hedging activities are aimed at offsetting price risks in the spot market and have achieved the expected risk management goals[66] Corporate Governance - The company has fulfilled all commitments related to share repurchase and legal liability for compensation, with no violations reported[103][104] - The company's IPO prospectus is confirmed to be accurate and complete, with legal responsibility for any misrepresentation[103][104] - In case of any misrepresentation in the IPO prospectus, the company will repurchase shares at the issue price plus bank deposit interest[103][104] - The company and its stakeholders have committed to long-term compliance with all public promises made during the IPO[104][105] - Legal advisors have confirmed the accuracy of the company's IPO application documents, with no false or misleading information[105] - The company's legal counsel, Tianzhi International Accounting Firm, has committed to compensating investors for losses if any false statements or omissions are found in the IPO documents[106] - Walkerstone (Beijing) International Asset Appraisal Co., Ltd. has pledged to compensate investors for losses if any false statements or omissions are found in the IPO documents[106] - Huatai United Securities Co., Ltd. has committed to compensating investors for losses if any false statements or omissions are found in the IPO documents[106] - Key executives and directors have pledged to compensate investors for losses if any false statements or omissions are found in the IPO prospectus[107] - Major shareholders, including Hunan Zhongwei Holding Group Co., Ltd., have committed to long-term holding of the

华泰联合证券有限责任公司 关于中伟新材料股份有限公司 2024 年半年度跟踪报告 | 保荐人名称：华泰联合证券有限责任公司 | 被保荐公司简称：中伟股份 | | --- | --- | | 保荐代表人姓名：董瑞超 | 联系电话：0755-82492010 | | 保荐代表人姓名：贾光宇 | 联系电话：0755-82492010 | | 项目 | 工作内容 | | --- | --- | | （3）报告事项的进展或者整改情况 | 不适用 | | 8.关注职责的履行情况 | | | （1）是否存在需要关注的事项 | 否 | | （2）关注事项的主要内容 | 不适用 | | （3）关注事项的进展或者整改情况 | 不适用 | | 9.保荐业务工作底稿记录、保管是否合规 | 是 | | 10.对上市公司培训情况 | | | （1）培训次数 | 无，拟于下半年开展 | | （2）培训日期 | 不适用 | | （3）培训的主要内容 | 不适用 | | 11.其他需要说明的保荐工作情况 | 无 | 二、保荐人发现公司存在的问题及采取的措施 | 事项 | 存在的问题 | 采取的措施 | | --- | --- | --- | ...

证券代码：300919 证券简称：中伟股份 公告编号：2024-068 中伟新材料股份有限公司 关于使用闲置自有资金进行现金管理的公告 本公司及董事会全体成员保证公告内容真实、准确和完整，不存在任何虚假记载、误 导性陈述或者重大遗漏。 中伟新材料股份有限公司（以下简称"公司"）于 2024 年 8 月 27 日召开第二届董事会第 十九次会议和第二届监事会第十五次会议，审议通过《关于使用闲置自有资金进行现金管理 的议案》，同意公司在不影响资金安全及风险可控的前提下，使用不超过人民币 400,000.00 万元（含本数）的闲置自有资金进行现金管理，用于购买由商业银行、证券公司或其他金融 机构等发行的低风险、安全性高、流动性好的理财产品，包括但不限于银行理财产品、定期 存款、结构性存款、国债逆回购、货币市场基金、低风险债券、收益凭证等，使用期限自董 事会审议通过之日起 12 个月内有效，在上述额度和期限范围内，资金可以循环滚动使用。 根据《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》《深 圳证券交易所创业板股票上市规则》等规则制度及《公司章程》的相关规定，本议案无需提 交公司股东大会审议。 ...

5、实施方式：董事会拟授权公司董事长及其授权代理人在董事会批准的额 度范围内签署相关合同及办理相关事宜，由公司财务部门负责组织实施和管理。 华泰联合证券有限责任公司 关于中伟新材料股份有限公司 使用闲置自有资金进行现金管理的核查意见 华泰联合证券有限责任公司（以下简称"华泰联合证券"、"保荐人"）作为 中伟新材料股份有限公司（以下简称"中伟股份"、"公司"）首次公开发行股票、 2021 年及 2022 年向特定对象发行股票的保荐人，根据《证券发行上市保荐业务 管理办法》《深圳证券交易所创业板股票上市规则》《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》等有关规定，对中伟股份使用 闲置自有资金进行现金管理的事项进行了审慎核查，并出具本核查意见如下： 一、使用闲置自有资金进行现金管理的基本情况 1、投资目的：为提高公司资金使用效率、合理利用闲置资金，在不影响公 司正常经营的情况下，使用部分闲置自有资金购买流动性好的中低风险理财产品， 以增加公司收益，为公司及股东谋取较好的投资回报。 2、投资品种：公司将对理财产品进行严格评估、筛选，选择低风险、安全 性高、流动性好的理财产品。 3、投资 ...