Financial Performance - The company's revenue for Q1 2024 reached ¥1,353,450,270.08, representing a 63.32% increase compared to ¥828,723,668.90 in the same period last year[5] - Net profit attributable to shareholders was ¥47,793,752.21, up 16.88% from ¥40,891,814.53 year-on-year[5] - The basic earnings per share increased by 10.00% to ¥0.11 from ¥0.10 in the previous year[5] - Total operating revenue for Q1 2024 reached ¥1,353,450,270.08, a significant increase of 63.3% compared to ¥828,723,668.90 in the same period last year[18] - Net profit for Q1 2024 was ¥47,793,752.21, representing a 16.5% increase from ¥40,891,814.53 in Q1 2023[19] - Earnings per share (EPS) for Q1 2024 was ¥0.11, compared to ¥0.10 in the previous year[20] - The company reported a total comprehensive income of ¥47,793,752.21 for Q1 2024, compared to ¥40,891,814.53 in Q1 2023[20] Assets and Liabilities - Total assets at the end of the reporting period were ¥3,057,274,173.17, a 15.57% increase from ¥2,645,297,294.08 at the end of the previous year[5] - The total liabilities decreased to CNY 1,165,552,372.27 from CNY 1,186,940,500.00, indicating a decline of about 1.8%[15] - The total liabilities increased to ¥1,166,043,390.55 from ¥801,574,348.04 year-on-year[19] - Total equity attributable to shareholders reached ¥1,891,230,782.62, up from ¥1,843,722,946.04 in the previous year[19] Cash Flow - Cash flow from operating activities decreased by 28.77% to ¥50,083,337.00 from ¥70,309,286.86 in the same period last year[5] - The net cash flow from operating activities for Q1 2024 was ¥50,083,337, a decrease from ¥70,309,287 in Q1 2023, representing a decline of approximately 29.5%[23] - Cash inflow from operating activities totaled ¥1,550,086,052.26, an increase from ¥960,691,799.29 in the same quarter last year[22] - Cash outflow from operating activities was ¥1,500,002,715.26, compared to ¥890,382,512.43 in Q1 2023[22] - The net increase in cash and cash equivalents for the quarter was ¥215,702,101, compared to an increase of ¥102,574,210 in Q1 2023, showing improved liquidity[23] - The ending balance of cash and cash equivalents reached ¥712,145,166, up from ¥496,443,066 at the end of Q1 2023, marking a year-over-year increase of approximately 43.5%[23] Borrowings - The company's short-term borrowings decreased by 94.58% to ¥7,382,407.08, primarily due to repayment of loans[9] - Long-term borrowings increased by 156.78% to ¥696,636,624.76, attributed to new project loans[9] - Short-term borrowings decreased significantly to CNY 7,382,407.08 from CNY 136,269,809.09, a reduction of approximately 94.6%[15] - Long-term borrowings rose to CNY 696,636,624.76 from CNY 271,299,816.44, representing an increase of about 157.9%[15] Operational Metrics - The company sold approximately 151,300 tons of polyether products, a 73.91% increase compared to the same period last year[9] - Operating costs for the same period were ¥1,301,443,400.66, up 66.5% from ¥780,843,785.63 year-on-year[18] - Research and development expenses increased to ¥3,926,623.55 from ¥2,640,253.77 year-on-year, reflecting a focus on innovation[18] Cash Management - The company reported a significant increase in cash received from operating activities, totaling ¥1,511,005,495.94, a 78.95% increase year-on-year[9] - The company’s cash management structured deposits increased, leading to a 18117% rise in cash received from borrowings to ¥441,263,004.70[9] - The total cash inflow from investment activities was ¥398,232,168, compared to ¥275,407,328 in the previous year, indicating a growth of about 44.5%[23] - The cash outflow for capital expenditures was ¥155,430,791, an increase from ¥126,347,975 in Q1 2023, reflecting ongoing investments in fixed assets[23] Audit and Accounting Standards - The company did not undergo an audit for the Q1 2024 report, which may impact the perception of financial reliability[24] - The company has adopted new accounting standards starting in 2024, which may affect future financial reporting and analysis[24]

山东隆华新材料股份有限公司 文康·法律意见书 山东文康律师事务所 关于山东隆华新材料股份有限公司 2023 年年度股东大会的 法律意见书 山东文康 律 师 事 务 所 山东省青岛市市南区香港中路 61 号甲远洋大厦 B 座 27 层 邮政编码：266071 E-MAIL：WINCON@WINCON.CN ：(0532)85766060 传真：(0532) 85786287 山东隆华新材料股份有限公司 文康·法律意见书 山东文康律师事务所 关于山东隆华新材料股份有限公司 2023 年年度股东大会的 法律意见书 致山东隆华新材料股份有限公司： 山东文康律师事务所（以下简称"本所"）接受山东隆华新材料股份有限公 司（以下简称"公司"或"隆华新材"）的委托，指派赵振斌律师、朱晓娜律师 出席了公司于 2024 年 4 月 19 日召开的 2023 年年度股东大会（以下简称"本次 股东大会"）。 现根据《中华人民共和国公司法（2018 修订）》（以下简称"《公司法》"） 《中华人民共和国证券法（2019 修订）》（以下简称"《证券法》"）和《上 市公司股东大会规则（2022 年修订）》（以下简称"《股东大会规则》"）、 ...

证券代码：301149 证券简称：隆华新材 公告编号：2024-028 山东隆华新材料股份有限公司 关于举办2023年度网上业绩说明会的公告 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，并对其内容的真实性、准确性和完整性承担 个别及连带责任。 重要内容提示： 山东隆华新材料股份有限公司（以下简称"公司"）已于 2024 年 3 月 30 日 在巨潮资讯网上披露了《2023 年年度报告全文》及《2023 年年度报告摘要》。为 便于广大投资者更加全面深入地了解公司经营业绩、发展战略等情况，公司定于 2024 年 4 月 22 日（星期一）15:00-16:30 在"价值在线"（www.ir-online.cn） 举办山东隆华新材料股份有限公司 2023 年度网上业绩说明会，与投资者进行沟 通和交流，广泛听取投资者的意见和建议。 一、说明会召开的时间、地点和方式 会议召开时间：2024 年 4 月 22 日（星期一）15:00-16:30 会议召开时间：2024 年 4 月 22 日（星期一）15:00-16:30 会议召开方式：网络互动方式 会议召开地点：价值在 ...

证券代码：301149 证券简称：隆华新材 公告编号：2024-027 山东隆华新材料股份有限公司 关于召开 2023 年年度股东大会的通知公告的更正公告 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，并对其内容的真实性、准确性和完整性承担个别及连 带责任。 山东隆华新材料股份有限公司（以下简称"公司"）于 2024 年 3 月 30 日在 巨潮资讯网发布了《山东隆华新材料股份有限公司关于召开 2023 年年度股东大 会的通知公告》。由于工作人员疏忽，相关内容有误，需予以更正。由此给投资 者带来的不便，我们深表歉意。公司将加强信息披露文件的编制和审核工作，提 高信息披露质量。现更正如下： 一、更正前： "一、会议召开的基本情况： ...... 7、本次会议的出席对象 （1）截至 2023 年 4 月 15 日（周一）下午收市时，在中国证券登记结算有 限责任公司深圳分公司登记在册的本公司全体股东。上述本公司全体股东均有权 出席股东大会。不能亲自出席股东大会现场会议的股东可以书面委托代理人（授 4、会议召开的时间和日期： 现场会议召开时间：2024 年 4 月 1 ...

Investment Rating - The report maintains a "Recommended" rating for the company, indicating a positive outlook on its future growth potential [1][2]. Core Insights - The company achieved significant growth in 2023, with operating revenue reaching 5.021 billion yuan, a year-on-year increase of 58.50%, and a net profit attributable to shareholders of 248 million yuan, up 95.34% [1]. - The production and sales of polyether products saw a remarkable increase of 83%, with a total sales volume of 541,600 tons, reflecting strong demand and effective cost control [1]. - The company is undergoing substantial capital expenditure, with construction projects increasing by 442% year-on-year, indicating a commitment to expanding production capacity [1]. - A clear shareholder return plan has been established, committing to a cash distribution of no less than 20% of the annual distributable profit [1]. Financial Performance Summary - The company forecasts net profits of 371 million yuan, 521 million yuan, and 789 million yuan for 2024, 2025, and 2026 respectively, with corresponding EPS of 0.86, 1.21, and 1.83 yuan [3][8]. - The projected operating revenue for the next three years is expected to grow to 7.065 billion yuan, 9.247 billion yuan, and 11.638 billion yuan, with growth rates of 40.72%, 30.87%, and 25.86% respectively [8]. - The net profit margin is anticipated to improve, with a net profit margin of 6.78% by 2026, reflecting enhanced operational efficiency [3].

Financial Performance - The company's operating revenue for 2023 reached ¥5,021,012,302.93, representing a 58.50% increase compared to ¥3,167,841,143.48 in 2022[24]. - Net profit attributable to shareholders for 2023 was ¥248,029,477.25, a significant increase of 95.34% from ¥126,985,397.88 in 2022[24]. - The net profit after deducting non-recurring gains and losses was ¥243,021,915.25, up 118.14% from ¥111,416,330.02 in 2022[24]. - The company's cash flow from operating activities for 2023 was ¥236,708,534.38, an increase of 11.65% compared to ¥212,018,353.27 in 2022[24]. - Basic earnings per share for 2023 were ¥0.58, reflecting a 93.33% increase from ¥0.30 in 2022[24]. - Total assets at the end of 2023 amounted to ¥2,645,297,294.08, a 39.06% increase from ¥1,902,283,317.45 at the end of 2022[24]. - The net assets attributable to shareholders at the end of 2023 were ¥1,843,722,946.04, up 12.82% from ¥1,634,151,008.05 at the end of 2022[24]. - The company reported a total of ¥1,562,467,307.14 in revenue for Q4 2023, with a net profit of ¥72,293,116.78 for the same quarter[28]. - Operating profit reached CNY 292,495,226.11, an increase of 103.70% compared to the previous year[73]. - The gross profit margin for the polyether polyol segment was 7.38%, showing a slight increase of 0.84% compared to the previous year[81]. Dividend Distribution - The company plans to distribute a cash dividend of 1.5 RMB per 10 shares to all shareholders based on a total share capital of 430,000,018 shares as of December 31, 2023[4]. - The proposed cash dividend is 1.50 yuan per 10 shares, totaling 64,500,002.70 yuan, which represents 100% of the profit distribution amount[160][163]. - The company distributed a cash dividend of ¥1 per 10 shares to all shareholders, totaling ¥43,000,001.80[76]. Risk Management and Compliance - The company emphasizes the importance of risk awareness regarding safety production, talent loss, environmental protection, and project management in its future outlook[3]. - The company’s financial report has been confirmed as true, accurate, and complete by its board of directors and management[3]. - The company has implemented a stable cash dividend policy that aligns with shareholder interests and complies with corporate governance standards[159][160]. - The company emphasizes the importance of internal control and has strengthened internal audit supervision to enhance risk management[166]. - The company has established an effective internal control management system to ensure compliance with relevant laws and regulations, aligning with the requirements set by the China Securities Regulatory Commission[129]. Research and Development - The company has developed core technologies for high solid content POP, achieving up to 50% solid content and ultra-low VOC levels, significantly enhancing product technical specifications[43]. - The company is focusing on the development of high-performance polyether polyols, which are expected to enhance market competitiveness and open new market opportunities[91]. - R&D investment in 2023 amounted to ¥164,834,934.53, representing 3.28% of operating revenue, a slight increase from 3.22% in 2022[93]. - The company has completed the development of high toughness polymer polyols, which are anticipated to meet customer demands and lead to economic benefits[91]. - The company is committed to independent innovation and has established a research and development team to improve production efficiency, reduce raw material consumption, and enhance product quality[121]. Environmental Sustainability - The company is committed to environmental sustainability through various energy-saving and waste-reduction technologies, achieving both economic and environmental benefits[63]. - The company has maintained compliance with environmental regulations, obtaining a new pollution discharge permit valid until July 18, 2028[174]. - The total chemical oxygen demand (COD) discharge was reported at 4.05 tons, with no exceedance of the regulatory limits[174]. - The company has invested over 5 million RMB in 2023 to upgrade its wastewater treatment system, expected to be completed by July 2024[175]. - The company has implemented a real-time online monitoring system for waste gas emissions, with data uploaded to local and national environmental platforms[175]. Market Expansion and Strategy - The company is actively expanding its overseas market presence, particularly in Southeast Asia, South Asia, and Eastern Europe[50]. - The company is focusing on continuous management innovation and digital transformation to enhance operational efficiency and quality[68]. - The company plans to continue optimizing process design and cost-saving measures to maintain a high return on investment despite market fluctuations[109]. - The company is advancing the construction of the Nylon 66 project to create new profit growth points[121]. - The company is actively developing in the nylon 66 sector, anticipating significant market growth due to breakthroughs in key technologies and sufficient raw material supply[76]. Corporate Governance - The board of directors consists of 6 members, including 2 independent directors, ensuring compliance with legal and regulatory requirements[130]. - The company maintains independence from its controlling shareholders, with no related party transactions reported during the reporting period[133]. - The company has a complete and independent business structure, with no competition or unfair related transactions with its controlling shareholders[133]. - The company has established a commitment to disclose any violations of these promises on the designated information disclosure platform[183]. - The company has committed to maintaining the integrity of its assets and ensuring no conflicts of interest arise from its operations[187]. Employee Management - The company is facing talent retention risks and is enhancing human resource management and competitive compensation to address this issue[123]. - The company has a total of 527 employees at the end of the reporting period, with 488 in the parent company and 39 in major subsidiaries[156]. - The company strictly adheres to labor laws and provides competitive salaries, along with various employee benefits such as insurance and annual health check-ups[157]. - The company has committed to continuous employee training, focusing on vocational skills and high-level talent development[3]. Financial Management - The company has established a robust organizational structure for managing foreign exchange forward business to mitigate currency fluctuation risks[105]. - The company has ongoing significant non-equity investments, with a total of CNY 26,310,000 planned for various projects[101]. - The company has reported a net financial income of RMB 644.43 million from the management of raised funds, with a balance of RMB 5,746.55 million in the dedicated fund account as of December 31, 2023[108]. - The company has not reported any significant non-financial defects in its internal controls[172]. - The company has maintained a continuous relationship with the accounting firm for three years, with an audit fee of 600,000 RMB[195].

一、 利润分配预案基本情况 证券代码：301149 证券简称：隆华新材 公告编号：2024-020 山东隆华新材料股份有限公司 关于 2023 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，并对其内容的真实性、准确性和完整性承担个别及连 带责任。 山东隆华新材料股份有限公司（以下简称"公司"或"隆华新材"）于 2024 年 3 月 28 日召开了第三届董事会第十二次会议和第三届监事会第十二次会议， 审议通过了《关于 2023 年度利润分配预案的议案》，现将公司 2023 年度利润分 配预案具体情况公告如下： 四、 备查文件 1、山东隆华新材料股份有限公司第三届董事会第十二次会议决议； 按照容诚会计师事务所（特殊普通合伙）出具的 2023 年度审计报告，2023 年度公司实现归属于上市公司股东的净利润为 248,029,477.25 元，母公司实现 净利润 253,502,428.66 元。根据《中华人民共和国公司法》及《山东隆华新材 料股份有限公司公司章程》（以下简称"《公司章程》"）相关规定，以母公司 净利润为基数，公司提取 10%的 ...

山东隆华新材料股份有限公司 募集资金年度存放与使用情况专项报告 山东隆华新材料股份有限公司 关于 2023 年度募集资金存放与使用情况的专项报告 根据深圳证券交易所《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》及《深圳证券交易所创业板上市公司自律监管指南第 2 号——公告格 式》的规定，将山东隆华新材料股份有限公司（以下简称公司）2023 年度募集资金存放 与使用情况报告如下： 一、募集资金基本情况 （一）实际募集资金金额、资金到位时间 经中国证券监督管理委员会证监许可[2021]2687 号文核准，本公司于 2021 年 11 月 向社会公开发行人民币普通股（A 股）7,000.00 万股，每股发行价为 10.07 元，应募集 资金总额为人民币 70,490.00 万元，根据有关规定扣除发行费用 6,045.80 万元后，实际 募集资金金额为 64,444.20 万元。该募集资金已于 2021 年 11 月到位。上述资金到账情 况业经大华会计师事务所（特殊普通合伙）大华验字[2021]000748 号《验资报告》验证。 公司对募集资金采取了专户存储管理。 （二）募集资金使用及结 ...

山东隆华新材料股份有限公司 未来三年股东回报规划（2024-2026年） 为进一步完善山东隆华新材料股份有限公司（以下简称"公司"）科学、 持续、稳定的分红决策和监督机制，积极回报投资者，引导投资者树立长期投 资和理性投资理念，并形成稳定的回报预期，根据中国证券监督管理委员会 （以下简称"中国证监会"）《关于进一步落实上市公司现金分红有关事项的 通知》、《上市公司监管指引第 3 号——上市公司现金分红》等相关法律、法 规、规范性文件及《山东隆华新材料股份有限公司公司章程》（以下简称 "《公司章程》"）的规定，结合公司实际情况，制定《山东隆华新材料股份 有限公司未来三年股东回报规划（2024-2026 年）》（以下简称"本规划"）， 具体如下： 一、制定本规划的考虑因素 在制定本规划时，公司未来三年股东回报规划（2024-2026 年）是在综合分 析行业发展趋势、公司经营发展实际情况、股东的诉求和意愿、社会资金成本、 外部融资环境等因素的基础上，充分考虑公司所处的发展阶段、目前及未来的 盈利能力、现金流量状况、以净资本和流动性为核心的风险控制指标等情况， 在平衡短期利益和长期利益的基础上，对利润分配做出制度性安 ...

证券代码：301149 证券简称：隆华新材 公告编号：2024-025 山东隆华新材料股份有限公司 关于使用部分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，并对其内容的真实性、准确性和完整性承担个别及连 带责任。 山东隆华新材料股份有限公司（以下简称"公司"、"隆华新材"）于 2024 年 3 月 28 日召开第三届董事会第十二次会议、第三届监事会第十二次会议，分 别审议通过了《关于使用部分闲置自有资金进行现金管理的议案》，同意公司及 其全资子公司山东隆华高分子材料有限公司（以下简称"隆华高材"）、隆华（上 海）高分子材料有限公司（以下简称"隆华上海"）使用闲置自有资金额度不超 过人民币 8 亿元（含本数）进行现金管理。在上述额度内，资金可以循环使用， 自公司董事会、监事会审议通过之日起 12 个月内有效。 （二）投资品种 公司将按照相关规定严格控制风险，对自有资金拟购买的现金管理产品进行 严格评估，拟购买安全性高、流动性好且投资期限最长不超过 12 个月的现金管理 产品，购买渠道包括但不限于银行、证券公司等金融机构。相关产品 ...