Investment Rating - The report maintains a "Hold" rating for the company [1][3]. Core Views - The company has shown steady growth in Q3 2024, with revenue reaching 1.42 billion yuan, a year-on-year increase of 6.21%, and a net profit of 0.23 billion yuan, up 12.86% year-on-year [1][2]. - The company's metal cutting tools business remains robust, while new businesses in intelligent CNC equipment and rolling functional components are experiencing rapid growth [2]. - The company is actively expanding its overseas market, with foreign sales revenue showing significant growth in Q1-Q3 2024 [2]. Financial Performance - For the first three quarters of 2024, the company achieved a total revenue of 4.41 billion yuan, representing an 8.50% year-on-year increase, and a net profit of 0.79 billion yuan, up 9.53% year-on-year [1][2]. - The overall gross margin for Q1-Q3 2024 was 31.35%, an increase of 2.11 percentage points year-on-year, while the net profit margin was 17.94%, up 0.22 percentage points year-on-year [2]. - The company’s gross margin for Q3 2024 was 30.48%, reflecting a year-on-year increase of 1.55 percentage points, and the net profit margin was 16.37%, up 0.92 percentage points year-on-year [2]. Profit Forecast - The company is projected to achieve net profits of 1.1 billion yuan, 1.3 billion yuan, and 1.6 billion yuan for the years 2024, 2025, and 2026 respectively, indicating a compound annual growth rate of 22% for net profit over the next three years [3].

关于福建恒而达新材料股份有限公司 2024 年第二次临时股东大会的 法 律 意 见 书 福建至理律师事务所 地址：中国福州市鼓楼区洪山园路华润万象城三期 TB#写字楼 22 层 邮政编码：350025 电话：（86 591）8806 5558 传真：（86 591）8806 8008 网址：http://www.zenithlawyer.com 1 福建至理律师事务所 关于福建恒而达新材料股份有限公司 2024 年第二次临时股东大会的法律意见书 闽理非诉字〔2024〕第 206 号 致：福建恒而达新材料股份有限公司 福建至理律师事务所（以下简称本所）接受福建恒而达新材料股份有限公司 （以下简称公司）之委托，指派蒋浩、韩叙律师出席公司 2024 年第二次临时股 东大会（以下简称本次会议），并依据《中华人民共和国公司法》（以下简称《公 司法》）、《中华人民共和国证券法》（以下简称《证券法》）、《上市公司股东大会 规则(2022 年修订)》（中国证券监督管理委员会公告〔2022〕13 号，以下简称《上 市公司股东大会规则》）、《深圳证券交易所上市公司股东大会网络投票实施细则 (2020 年修订)》（深证上〔2020 ...

证券代码：300946 证券简称：恒而达 编号：2024-045 福建恒而达新材料股份有限公司 关于董事会、监事会完成换届选举及聘任高级管理人 员的公告 本公司及董事会全体成员保证信息披露内容的真实、准确、完整，没有 虚假记载、误导性陈述或重大遗漏。 福建恒而达新材料股份有限公司（以下简称公司）于2024年10月17日召开 了2024年第一次职工代表大会、于2024年11月4日召开了2024年第二次临时股东 大会，选举产生了公司第三届董事会成员和第三届监事会成员。 为保证公司新一届董事会、监事会工作的顺利进行，经公司全体董事、监 事同意，公司于2024年11月4日召开了公司第三届董事会第一次会议、第三届监 事会第一次会议，选举产生了公司第三届董事会董事长、第三届监事会主席、 第三届董事会各专门委员会委员，并聘任了公司高级管理人员。具体情况如下： 一、公司第三届董事会组成情况 公司第三届董事会由七名董事（简历后附）组成，其中非独立董事四名， 独立董事三名，组成情况具体如下： 1．非独立董事：林正华（董事长）、陈丽钦、林正雄、方俊锋 2．独立董事：陈少华、雷根强、陈菡 公司第三届董事会中兼任公司高级管理人员的董事 ...

证券代码：300946 证券简称：恒而达 编号：2024-043 福建恒而达新材料股份有限公司 第三届董事会第一次会议决议公告 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 福建恒而达新材料股份有限公司（以下简称公司）于2024年11月4日召开了 2024年第二次临时股东大会，选举产生了公司第三届董事会成员。为保证公司新 一届董事会工作的顺利进行，经全体董事同意，公司于同日在福建省莆田市荔城 区新度镇新度村亭道尾228号公司会议室以现场会议的方式召开了第三届董事会 第一次会议，会议通知及材料会前已送达全体董事、监事及高级管理人员候选人。 经全体董事同意，公司第三届董事会第一次会议由林正华先生召集并主持， 会议应到董事7名，实际参加会议董事7名，公司全体监事、全体高级管理人员候 选人列席了本次会议。本次会议的召集、召开程序符合《中华人民共和国公司法》 《公司章程》等有关规定。 二、董事会会议审议情况 1．审议通过了《关于选举第三届董事会董事长的议案》。 公司董事会同意选举林正华先生为公司第三届董事会董事长，任期三年，自 公司第三届董事会 ...

证券代码：300946 证券简称：恒而达 编号：2024-044 审议通过了《关于选举第三届监事会主席的议案》。 公司监事会同意选举黄青山先生为公司第三届监事会主席，任期三年，自公 司第三届监事会第一次会议审议通过之日起至公司第三届监事会届满之日止。 具体内容详见公司同日于巨潮资讯网（www.cninfo.com.cn）披露的《关于董 事会、监事会完成换届选举及聘任高级管理人员的公告》（公告编号：2024-045）。 表决结果：3票赞成；无反对票；无弃权票。 福建恒而达新材料股份有限公司 第三届监事会第一次会议决议公告 本公司及监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。 一、监事会会议召开情况 福建恒而达新材料股份有限公司（以下简称公司）于2024年10月17日召开了 2024年第一次职工代表大会、于2024年11月4日召开了2024年第二次临时股东大 会，选举产生了公司第三届监事会成员。为保证公司新一届监事会工作的顺利进 行，经全体监事同意，公司于2024年11月4日在福建省莆田市荔城区新度镇新度 村亭道尾228号公司会议室以现场会议方式召开，会议通知及材料会前 ...

2.本次股东大会未涉及变更以往股东大会已通过的决议。 证券代码：300946 证券简称：恒而达 编号：2024-042 福建恒而达新材料股份有限公司 2024年第二次临时股东大会会议决议公告 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。 一、会议召开和出席情况 （一）会议召开情况 1.会议召开方式：以现场会议与网络投票相结合的方式 2.会议召开时间： （1）现场会议召开时间：2024年11月4日14:30。 （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时间为 2024年11月4日9:15-9:25、9:30-11:30及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时间为2024年11月4日9:15-15:00期间的任意时间。 3.现场会议召开地点：福建省莆田市荔城区新度镇新度村亭道尾228号福建 恒而达新材料股份有限公司（以下简称公司）会议室 4.会议召集人：公司董事会 5.会议主持人：公司董事长林正华先生 （二）会议出席情况 1.股东出席会议的总体情况：出席20 ...

Investment Rating - The report maintains a "Hold" rating for the company [3] Core Views - The company reported steady growth in Q3 2024, with revenue reaching 441 million yuan for the first three quarters, a year-on-year increase of 8.50%, and a net profit of 79 million yuan, up 9.53% year-on-year. In Q3 alone, revenue was 142 million yuan, growing 6.21% year-on-year, while net profit increased by 12.86% to 23 million yuan [1][2] - The metal cutting tools business remains robust, with significant growth in smart CNC equipment and rolling functional components. The company is expanding its overseas market, with foreign sales revenue showing rapid growth [2] - The company's profitability has improved, with a gross margin of 31.35% for the first three quarters, up 2.11 percentage points year-on-year, and a net profit margin of 17.94%, an increase of 0.22 percentage points year-on-year [2] Financial Summary - For 2024-2026, the company is projected to achieve net profits of 110 million, 130 million, and 160 million yuan respectively, with a compound annual growth rate of 22% for net profit over the next three years [3] - The company's revenue is expected to grow from 542.49 million yuan in 2023 to 899.20 million yuan in 2026, reflecting growth rates of 12.34%, 17.73%, 19.16%, and 18.15% for the respective years [3][7] - The earnings per share (EPS) is forecasted to increase from 0.73 yuan in 2023 to 1.31 yuan in 2026, while the return on equity (ROE) is expected to rise from 7.78% to 10.84% over the same period [3][7]

Financial Performance - The company achieved a total revenue of ¥142,072,078.23 in Q3 2024, representing a year-on-year growth of 6.21% [2] - The net profit attributable to shareholders for Q3 2024 was ¥23,358,166.64, with a year-on-year increase of 12.86% [2] - For the first nine months of 2024, the company reported a revenue of ¥441,094,240.64, up 8.50% year-on-year [2] - The net profit attributable to shareholders for the first nine months was ¥79,006,329.29, reflecting a growth of 9.53% [2] Inventory and Accounts Receivable - Inventory increased compared to the same period last year due to the expansion of business scale and product diversification [3] - Accounts receivable saw a significant increase by the end of Q3 2024, primarily due to revenue growth and seasonal sales patterns, with expectations of a decrease in Q4 as customer payments accelerate [3] Product Development and Market Application - The company has developed over a hundred models of linear guide products, which are utilized in various high-precision automation applications [3] - Key development directions for intelligent CNC equipment include fully automatic circular saws, high-speed band saws, and flexible material cutting machines, with plans for further product diversification based on customer needs [4] International Sales Expansion - The proportion of overseas sales in total revenue increased from less than 7% in H1 2020 to 13.20% in H1 2024 [5] - Overseas sales revenue reached ¥39,475,800 in H1 2024, marking a substantial year-on-year growth of 80.63% [5] - Export revenues for cutting tools and intelligent CNC equipment saw significant increases of 121.73% and 153.64% respectively compared to the previous year [5]

Financial Performance - The company's revenue for Q3 2024 was ¥142,072,078.23, representing a 6.21% increase compared to ¥133,762,860.68 in the same period last year[2]. - Net profit attributable to shareholders for Q3 2024 was ¥23,358,166.64, up 12.86% from ¥20,695,830.65 year-on-year[2]. - The net profit after deducting non-recurring gains and losses was ¥21,814,464.70, a 3.49% increase from ¥21,049,715.99 in the previous year[2]. - Basic earnings per share for Q3 2024 were ¥0.19, an increase of 11.76% from ¥0.17 in the previous year[2]. - Total operating revenue for the third quarter reached ¥441,094,240.64, an increase of 8.5% compared to ¥406,552,008.17 in the same period last year[16]. - Net profit attributable to shareholders of the parent company was ¥79,006,329.29, up 9.7% from ¥72,133,856.30 in the previous year[17]. - Basic and diluted earnings per share both stood at ¥0.66, compared to ¥0.60 in the same quarter last year[18]. - Operating profit for the quarter was ¥91,063,931.30, reflecting a growth of 8.5% from ¥83,651,650.63 in the prior year[17]. - Tax expenses for the quarter were ¥11,246,853.05, compared to ¥10,801,476.77 in the same period last year[17]. - Other income for the quarter was ¥6,534,822.81, up from ¥3,687,157.77 in the previous year[16]. Cash Flow and Liquidity - The company's cash flow from operating activities showed a significant decline, with a net cash flow of -¥11,970,861.55 compared to ¥8,853,585.13 in the same period last year, marking a decrease of 235.21%[2][5]. - Cash flow from operating activities amounted to ¥337,240,664.60, a decrease from ¥363,335,382.26 in the same period last year[19]. - The net cash flow from operating activities was -11,970,861.55, a decrease from 8,853,585.13 in the previous year[20]. - The net cash flow from investing activities was 4,721,812.66, improving from -112,516,682.63 in the same period last year[20]. - The total cash outflow from financing activities was 114,721,032.69, compared to 71,572,388.68 in the previous year[21]. - The net cash flow from financing activities was -42,549,944.69, down from 18,430,407.44 in the previous year[21]. - The ending balance of cash and cash equivalents was 47,558,539.85, compared to 26,655,109.93 at the end of the same period last year[21]. - The company experienced a net decrease in cash and cash equivalents of -49,684,598.11, compared to -85,135,057.80 in the previous year[21]. - The company paid 69,887,462.41 in employee-related cash payments, an increase from 53,831,186.00 in the previous year[20]. - The company received 141,000,000.00 in cash from investment recoveries, down from 227,940,000.00 in the previous year[20]. - The cash paid for fixed assets and intangible assets was 44,764,311.87, significantly lower than 135,358,041.30 in the previous year[20]. - The company reported a total cash inflow from financing activities of 72,171,088.00, compared to 90,002,796.12 in the previous year[21]. Assets and Liabilities - Total assets at the end of the reporting period were ¥1,453,698,510.49, reflecting a 3.59% increase from the previous year[2]. - The equity attributable to shareholders increased by 4.59% to ¥1,120,076,160.55 compared to the previous year[2]. - The total assets of Fujian Heng'erda New Materials Co., Ltd. increased to CNY 1,505,889,610.82 as of September 30, 2024, up from CNY 1,453,698,510.49 at the beginning of the period, representing a growth of approximately 3.5%[13][14]. - The total liabilities of the company stood at CNY 333,439,541.79, slightly up from CNY 332,763,398.83, indicating a marginal increase of 0.2%[15]. - The company's equity attributable to shareholders rose to CNY 1,171,481,109.84 from CNY 1,120,076,160.55, an increase of approximately 4.6%[15]. - The company reported a decrease in short-term borrowings to CNY 41,014,752.32 from CNY 52,424,163.07, a reduction of about 21.7%[14]. - The total current assets increased to CNY 753,330,047.37 from CNY 721,722,053.70, representing a growth of approximately 4.4%[13]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 10,012[6]. - The number of shares held by major shareholders remained stable, with no significant changes reported in the top 10 shareholders[11]. Strategic Initiatives - The company plans to continue expanding its market presence and investing in new technologies, although specific figures were not disclosed during the call[11]. - Research and development expenses were ¥14,902,518.40, compared to ¥13,794,320.15 in the previous year, indicating a focus on innovation[16].

是 否 福建恒而达新材料股份有限公司 独立董事候选人声明与承诺 声明人 雷根强 ，作为 福建恒而达新材料股份有限公司 第 三 届董事会 独立董事候选人，已充分了解并同意由提名人 福建恒而达新材料股份有限公司 董事会 提名为 福建恒而达新材料股份有限公司 （以下简称该公司）第 三 届 董事会独立董事候选人。现公开声明和保证，本人与该公司之间不存在任何影 响本人独立性的关系，且符合相关法律、行政法规、部门规章、规范性文件和 深圳证券交易所业务规则对独立董事候选人任职资格及独立性的要求，具体声 明并承诺如下事项： 一、本人已经通过 福建恒而达新材料股份有限公司 第 二 届董事会提名 委员会或者独立董事专门会议资格审查，提名人与本人不存在利害关系或者其 他可能影响独立履职情形的密切关系。 是 否 如否，请详细说明： 二、本人不存在《中华人民共和国公司法》第一百七十八条等规定不得担 任公司董事的情形。 是 否 如否，请详细说明： 三、本人符合中国证监会《上市公司独立董事管理办法》和深圳证券交易 所业务规则规定的独立董事任职资格和条件。 如否，请详细说明： 四、本人符合该公司章程规定的独立董事任职条件。 是 否 如否，请 ...