Investment Rating - The report initiates coverage with an "Accumulate" rating for the company [4]. Core Views - The company achieved a revenue of 756 million yuan in 2024, representing a year-on-year increase of 27.86%, and a net profit attributable to shareholders of 142 million yuan, up 37.25% year-on-year. This growth is attributed to the company's precision injection molding parts for electric vehicles entering mass production for several well-known domestic and international brands [1]. - In Q1 2025, the company reported a revenue of 190 million yuan, a year-on-year increase of 20.20%, and a net profit of 36 million yuan, up 2.84% year-on-year [1]. - The gross profit margin for 2024 was 33.84%, an increase of 2.15 percentage points year-on-year, attributed to lean management and strict cost control [2]. - The company’s precision injection molding business for automotive parts generated 585 million yuan in revenue in 2024, accounting for 77.41% of total revenue, with a year-on-year growth of 40.55% [2]. - The company is actively developing precision components for humanoid robots, leveraging its experience in engineering plastics and precision manufacturing to meet high-performance requirements [3]. Financial Summary - The company forecasts net profits of 187 million yuan, 233 million yuan, and 285 million yuan for 2025, 2026, and 2027 respectively, with corresponding EPS of 0.77 yuan, 0.96 yuan, and 1.18 yuan [3]. - The projected P/E ratios for 2025, 2026, and 2027 are 72.08, 57.76, and 47.20 respectively [3]. - The company’s revenue is expected to grow at rates of 28.33%, 24.76%, and 22.47% for the years 2025, 2026, and 2027 respectively [8].

证券代码：301000 证券简称：肇民科技 公告编号：2025-040 上海肇民新材料科技股份有限公司 关于使用闲置募集资金和自有资金进行现金管理的进展公告 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、误导性陈述或者重大遗漏。 上海肇民新材料科技股份有限公司（以下简称"公司"）于2024年4月9日召开 了第二届董事会第十四次会议、第二届监事会第十四次会议，并于2024年5月30日 召开2023年年度股东大会，审议通过了《关于使用闲置募集资金和自有资金进行现 金管理的议案》，同意公司使用暂时闲置募集资金不超过32,000万元（含本数）和 自有资金不超过40,000万元（含本数）进行现金管理，使用期限自股东大会审议通 过之日起12个月内有效。在上述额度和期限内，资金可滚动使用。 公司保荐机构对上述事项均发表了明确同意的意见。具体内容详见公司于 2024年4月10日在巨潮资讯网（www.cninfo.com.cn）上披露的《上海肇民新材料科 技股份有限公司关于使用闲置募集资金和自有资金进行现金管理的公告》（公告 编号：2024-021）。 近日，公司对部分募集资金和自有资金理财产品进行 ...

Group 1 - Shareholders of Alade (301419.SZ) plan to reduce their holdings by no more than 1.50% within three months after 15 trading days through centralized bidding and/or block trading [1] - Shareholders of Dawi Technology (600589.SH) intend to reduce their holdings by no more than 3% within three months after 15 trading days through centralized bidding and block trading [1] - Employees of Dingzhi Technology (873593.BJ) have completed a reduction of 0.6431% of their holdings through centralized bidding [1] Group 2 - Shareholders of Aerospace Software (688562.SH) plan to reduce their holdings by no more than 1.00% through centralized bidding [2] - Shareholders of Hongqiang Co., Ltd. (002809.SZ) have completed their reduction plans, with reductions of 1%, 0.132%, and 0.021% respectively [2] - Shareholders of Huachangda (300278.SZ) plan to reduce their holdings by no more than 0.703% within three months after 15 trading days through centralized bidding [2] Group 3 - Shareholders of Liancheng CNC (835368.BJ) plan to reduce their holdings by no more than 2% within three months after 15 trading days through centralized bidding and block trading [3] - Shareholders of Meidixi (688202.SH) intend to reduce their holdings by no more than 2.23% within three months after 15 trading days through centralized bidding or block trading [3] - Shareholders of Meixin Technology (301577.SZ) plan to reduce their holdings by no more than 2.5% through centralized bidding and block trading [3] Group 4 - Shareholders of Wanda Film (002739.SZ) have completed their reduction plan, with a total reduction of 63,353,361 shares, accounting for 3.00% of the total share capital [4] - Shareholders of Xinghua New Materials (301077.SZ) plan to reduce their holdings by no more than 3% within three months after three trading days through centralized bidding and block trading [4] - Shareholders of Yinbao Shanneng (002786.SZ) have completed their reduction plan, with a total reduction of 9,912,100 shares, accounting for 2.00% of the total share capital [4] Group 5 - Shareholders of Intercontinental Oil and Gas (600759.SH) have completed their reduction plan, with a total reduction of 124,499,600 shares, accounting for 3% of the total share capital [5]

Group 1: Financial Performance - The company's revenue for 2024 increased by 27.86% year-on-year, reaching 756 million CNY, primarily driven by the expansion in the automotive sector, especially in new energy vehicle components [3] - Revenue from precision injection parts in the automotive sector amounted to 585 million CNY, accounting for 77.41% of total revenue, with a year-on-year growth of 40.55% [3] - Net profit increased by 37.25%, with a gross margin of 33.84%, up by 2.17 percentage points compared to 2023 [3] Group 2: R&D and Product Development - The company emphasizes continuous investment in R&D to develop high-tech, high-value, and high-quality products, although the timeline for translating R&D investments into economic benefits is uncertain [4] - The company is actively expanding its product lines in the high-end home appliance market and exploring new products to meet changing customer demands [6] - The company has developed several energy storage thermal management components and established partnerships with industry players, with plans to increase R&D investment in this area [6] Group 3: Market Strategy and Expansion - The company aims to enhance its market share in the new energy vehicle market by focusing on thermal management modules and precision components for the three-electric system and air suspension systems [5] - The company plans to expand its overseas market presence, with foreign sales accounting for 10.87% of total revenue in 2024, primarily serving clients in Japan, Canada, the USA, Czech Republic, and Brazil [9] - The company has set a strategic goal of "value innovation" to provide high-value precision injection products, with specific strategies for product, market, operations, and investment [7] Group 4: Production Capacity and Future Projects - The company is constructing a new project with an annual production capacity of 800 million sets of new energy vehicle components and ultra-precision engineering plastic parts, expected to be completed in 2026 [9] - The company is focused on expanding production capacity, building new bases, and enhancing automation and digital factory construction to support its growth strategy [7]

证券代码：301000 证券简称：肇民科技 公告编号：2025-038 | 1.基本情况 | | | | | --- | --- | --- | --- | | 信息披露义务人 | | 宁波百肇企业管理合伙企业（有限合伙） 宁波华肇企业管理合伙企业（有限合伙） | | | 住所 | 浙江省宁波市江北区慈城镇慈湖人家335号1631室 浙江省宁波市江北区慈城镇慈湖人家335号1630室 | | | | 权益变动时间 | | | 2025年3月18日-2025年4月29日 | | 股票简称 | 301000 | | 肇民科技 股票代码 | | 变动类型 | | | | | | | --- | --- | --- | --- | --- | --- | | （可多 | 增加□ | 减少☑ | 一致行动人 | 无□ 有☑ | | | 选） | | | | | | | 是否为第一大股东或实际控制人 | | | | 是□ 否☑ | | | 2.本次权益变动情况 | | | | | | | 股份种类（A股、B股等） | | 减持股数（万股） | | 减持比例（%） | | | A股 | | 2,421,400 | | 1. ...

New Stock Offerings - ST Xinchao (600777) has two tender offer periods: April 8 to May 7, 2025, and April 23 to May 22, 2025[1] - Puli Tui (300630) is in the delisting arrangement period with 13 trading days remaining[1] - ST Yushun (002289) and ST Jingan (600190) are also highlighted for their recent announcements[1] Market Alerts - Jinlitai (300225) has been flagged for severe abnormal fluctuations[1] - Guoguang Chain (605188) and Dongfang Tong (300379) have recent announcements regarding their trading status[1] - Multiple stocks including Huadian Energy (600726) and Huadian Liaoning (600396) have recent updates as of April 29, 2025[1] Trading Periods - The last trading day for several stocks is approaching, with specific mention of ST Yushun and ST Jingan[1] - The report indicates that various stocks are under observation due to unusual trading activities[2]

上海肇民新材料科技股份有限公司 董事会薪酬与考核委员会 2025 年第三次会议决议 一、会议内容 1、审议《关于向激励对象授予剩余预留限制性股票的议案》。 二、委员的发言要点 1、审议《关于向激励对象授予剩余预留限制性股票的议案》 经审议，我们认为《上海肇民新材料科技股份有限公司 2024 年限制性股票 激励计划（草案）》规定的授予条件已经成就，同意以 6.68 元/股的授予价格向 符合授予条件的 14 名激励对象授予剩余的 5.00 万股限制性股票，剩余预留限制 性股票的授予日为 2025 年 4 月 28 日，并同意将该议案提交第二届董事会第二十 三次会议审议。 （以下无正文） 1 会议时间：2025 年 4 月 28 日上午 9 时 50 分 会议地点：线上通讯会议 会议召集人：颜爱民 出席委员：颜爱民、刘浩、邵雄辉 （本页无正文，为《上海肇民新材料科技股份有限公司董事会薪酬与考核委员会 2025 年第三次会议决议》之签署页） 颜爱民： 出席会议委员签名： 刘 浩： 邵雄辉： 2025 年 4 月 28 日 ...

证券代码：301000 证券简称：肇民科技 公告编号：2025-035 上海肇民新材料科技股份有限公司 第二届监事会第二十二次会议决议公告 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 上海肇民新材料科技股份有限公司（以下简称"公司"）第二届监事会第二 十二次会议通知于 2025 年 4 月 17 日以电话、电子邮件等通讯方式发出。本次会 议于 2025 年 4 月 28 日在公司会议室以现场方式召开，会议由监事会主席密永华 主持，应到监事 3 人，实到监事 3 人。本次会议的召开符合《中华人民共和国公 司法》等法律、法规和《公司章程》的有关规定，会议决议合法有效。 二、监事会会议审议情况 1、审议通过了《关于公司<2025 年第一季度报告>的议案》 经审议，监事会认为，公司《2025 年第一季度报告》的编制程序、内容和格 式符合法律、行政法规、中国证券监督管理委员会以及深圳证券交易所的相关规 定，报告内容真实、准确、完整，不存在任何虚假记载、误导性陈述或者重大遗 漏。 表决结果：3 票同意，0 票反对，0 票弃权。 具体内容详见公司 ...

证券代码：301000 证券简称：肇民科技 公告编号：2025-034 上海肇民新材料科技股份有限公司 第二届董事会第二十三次会议决议公告 本公司及董事会全体成员保证信息披露的内容真实、准确、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 上海肇民新材料科技股份有限公司（以下简称"公司"）第二届董事会第二 十三次会议通知于 2025 年 4 月 17 日通过电话、电子邮件等通讯方式发出，会议 通知列明了会议的召开时间、地点、内容和方式。本次会议于 2025 年 4 月 28 日 在公司会议室以现场结合线上通讯方式召开，会议应出席董事 7 人，实际出席董 事 7 人（其中董事邵雄辉先生、颜爱民先生、刘浩先生、刘益灯先生、石松佳子 女士以通讯方式出席）。本次会议由董事长邵雄辉先生召集并主持，公司高级管 理人员列席了本次会议。本次会议的召开符合《中华人民共和国公司法》等法律、 法规和《公司章程》的有关规定，会议决议合法有效。 二、董事会会议审议情况 1、审议通过了《关于公司<2025 年第一季度报告>的议案》 经审议，董事会一致认为《2025 年第一季度报告》的编制程序、内容和格式 符合法律、 ...

上海肇民新材料科技股份有限公司监事会 关于公司 2024 年限制性股票激励计划剩余预留限制性股票 授予的激励对象名单（截至授予日）的核查意见 上海肇民新材料科技股份有限公司（以下简称"公司"）监事会依据《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》"）《上市公司股权激励管理办法》（以下简称"《管理办 法》"）《深圳证券交易所创业板股票上市规则》（以下简称"《上市规则》"） 《深圳证券交易所创业板上市公司自律监管指南第 1 号——业务办理》等相关法 律法规及规范性文件和《上海肇民新材料科技股份有限公司章程》的规定，对公 司 2024 年限制性股票激励计划（以下简称"本次激励计划"）剩余预留限制性股 票授予的激励对象名单（截至授予日）进行了核查，现发表核查意见如下： 一、公司本次激励计划剩余预留限制性股票授予的激励对象与公司 2024 年 第二次临时股东大会审议通过的《上海肇民新材料科技股份有限公司 2024 年限 制性股票激励计划（草案）》（以下简称"《激励计划（草案）》"）中规定的 激励对象范围相符。 2、最近 12 个月内被中国证监会及其派出机构认定为不 ...