Investment Rating - The report maintains an "Accumulate" rating for the company, indicating a positive outlook for the stock in the near term [5]. Core Insights - In 2023, the company achieved revenue of 1.35 billion yuan, a year-on-year increase of 12%, and a net profit attributable to shareholders of 200.72 million yuan, up 42% year-on-year, aligning with market expectations [2]. - The company operates at a high capacity utilization rate, with a production capacity of 160,000 tons and a production output of 162,000 tons in 2023, resulting in a capacity utilization rate of 101.5% [3]. - The upgrade in order structure has led to a continuous increase in profit per ton, with a comprehensive gross profit of 2,136 yuan per ton in 2023, reflecting a 10% year-on-year increase [4]. - The company has consistently maintained a gross profit margin above 20% since 2015, surpassing 25% in 2023, with expectations for further improvement due to advancements in product complexity and new market expansions [5]. Financial Performance Summary - The company's total revenue is projected to grow from 1.35 billion yuan in 2023 to 2.5 billion yuan by 2026, with a compound annual growth rate (CAGR) of approximately 25.37% [1]. - The net profit attributable to shareholders is expected to increase from 200.72 million yuan in 2023 to 367.89 million yuan in 2026, reflecting a CAGR of about 29.60% [1]. - The earnings per share (EPS) is forecasted to rise from 2.53 yuan in 2023 to 4.65 yuan in 2026, indicating a strong growth trajectory [1]. - The price-to-earnings (P/E) ratio is projected to decrease from 15.01 in 2023 to 8.19 in 2026, suggesting an attractive valuation as earnings grow [1]. Capacity and Production Insights - The company plans to optimize production capacity at its Suzhou plant and expects to complete the construction of its Anhui plant by the end of 2024, which will add 40,000 tons of capacity in 2025, bringing total capacity to 300,000 tons [9]. Research and Development - The company has increased its R&D investment, with R&D expenses rising to 3.8% of total revenue in 2023, reflecting a commitment to enhancing customization capabilities and product innovation [6].

Investment Rating - The report maintains an "Accumulate" rating for the company [15][15]. Core Views - The company has exceeded performance expectations in 2023, capturing opportunities in downstream demand and actively adjusting its product structure to increase the proportion of high-margin products [1][1]. - The company is expanding into new application areas, particularly in the bearing sector, which further enhances its growth potential [1][1]. - The target price is set at 50.00, with the current price at 38.06, indicating potential upside [15][15]. Financial Performance - In 2023, the company achieved a revenue of 1.353 billion, representing a year-on-year increase of 11.69% [1][1]. - The net profit attributable to shareholders for 2023 was 201 million, up 42.2% year-on-year [1][1]. - The company forecasts net profits of 237 million for 2024 and 282 million for 2025, reflecting continued growth [1][1]. Market Demand - The automotive sector accounted for 83.75% of the company's downstream demand in 2023, with a total production of 3.01132 million vehicles in China, marking a 9.3% year-on-year increase [1][1]. - The company's total sales volume of metal products reached 16.07 million tons in 2023, up 19.57% year-on-year [1][1]. Strategic Initiatives - The company is focusing on optimizing its order structure due to strong downstream demand, which has led to significant growth in customer orders [1][1]. - The company is entering the core customer supply chain in the bearing sector, with plans to expand into high-speed rail, aviation, and robotics applications [1][1]. Capacity Expansion - The company is expected to complete its Anhui factory project by the end of 2024, which will add 4 million tons of capacity [1][1]. - The total capacity from fundraising projects is projected to reach 30 million tons upon full production [1][1].

Financial Performance - The company's operating revenue for 2023 reached ¥1,353,475,160.21, an increase of 11.69% compared to ¥1,211,836,869.44 in 2022[22]. - Net profit attributable to shareholders was ¥200,715,091.24, representing a 42.20% increase from ¥141,150,680.47 in the previous year[22]. - The net cash flow from operating activities surged to ¥166,979,815.84, a remarkable increase of 437.89% from ¥31,043,642.72 in 2022[22]. - Basic earnings per share rose to ¥2.69, up 27.49% from ¥2.11 in 2022[22]. - Total assets at the end of 2023 amounted to ¥1,898,307,138.67, reflecting a growth of 19.93% from ¥1,582,792,073.59 in 2022[22]. - The company reported a weighted average return on equity of 15.07%, an increase from 14.09% in the previous year[22]. - The net profit after deducting non-recurring gains and losses was ¥180,813,904.61, a 32.51% increase from ¥136,454,564.96 in 2022[22]. - The company achieved a gross margin of 25.36% in the metal products industry, an increase of 3.76% from the previous year[66]. - The gross margin for automotive precision stamping materials was 24.18%, reflecting an increase of 4.11% compared to the previous year[66]. - The company reported a total revenue of 31,752,000 in the fiscal year 2023, showing a significant increase compared to the previous year[129]. - The net profit for the year was 30,692,000, reflecting a strong performance in the market[129]. - The total revenue for the year 2023 was reported at 1.2 billion RMB, representing a year-over-year increase of 15%[142]. - The company achieved a net profit of 150 million RMB for 2023, which is a 10% increase compared to the previous year[142]. Dividend and Profit Distribution - The company plans to distribute a cash dividend of 10.10 RMB per 10 shares to all shareholders, based on a total of 77,229,110 shares[4]. - The report highlights the company's dedication to shareholder returns through its profit distribution plan[4]. - The proposed cash dividend distribution is ¥10.10 per 10 shares (including tax), totaling ¥78,001,401.10 (including tax) based on a total share capital of 77,229,110 shares[158]. - The cash dividend distribution accounts for 100% of the total profit distribution amount[158]. - The company has a cumulative undistributed profit of ¥541,134,679.78 for the parent company and ¥539,593,226.83 for the consolidated financial statements as of December 31, 2023[158]. Risk Management and Governance - The company has no significant risk factors that could adversely affect its production, financial status, or profitability[4]. - The management emphasizes the importance of understanding the difference between plans, forecasts, and commitments regarding future performance[4]. - The company has undergone a thorough review by the board, ensuring the accuracy and completeness of the financial report[4]. - The report outlines the company's governance structure and compliance with regulatory requirements[4]. - The company has not disclosed any major events that could impact its operational status in the near future[4]. - The board of directors consists of 9 members, including 3 independent directors, ensuring compliance with legal and regulatory requirements[117]. - The company complies with the corporate governance standards set by relevant regulations, with no significant discrepancies noted[119]. - The company maintains a clear separation of its operations from its controlling shareholder, ensuring independent business capabilities[120]. Research and Development - The company is committed to continuous improvement of product quality and performance through ongoing technological innovation[46]. - The company emphasizes R&D, with a dedicated center and collaboration with upstream and downstream partners to meet customer material performance requirements[48]. - The company has a high-quality R&D team and collaborates with universities and research institutions to drive technological innovation and development[52]. - The company's R&D expenses increased by 17.18% to ¥50,954,751.61, reflecting a commitment to new product and technology development[72]. - Research and development expenses increased by 18%, totaling 100 million RMB, focusing on sustainable materials[142]. - The company has committed to investing 100 million CNY in sustainable technologies over the next three years, aiming to reduce carbon emissions by 40%[181]. Market Expansion and Strategy - The company plans to continue expanding its market presence and investing in new product development to drive future growth[31]. - The company aims to expand its market presence in high-end bearings, wind power, precision tools, and electrical components, enhancing its product and customer structure[47]. - The company plans to expand its market presence in the U.S., Brazil, Mexico, and Canada, aiming to meet the overseas demand for precision stamping materials and increase market share[110]. - The company is exploring potential mergers and acquisitions to strengthen its market position[132]. - The company is expanding its market presence in Southeast Asia, targeting a 10% market share by 2025[142]. - The company has set a revenue guidance of 1.5 billion RMB for 2024, projecting a growth rate of 25%[142]. Employee Management and Training - The company has a total of 291 employees, with 180 in production, 27 in sales, 39 in technical roles, 10 in finance, and 35 in administration[152]. - The company has implemented a detailed salary system to enhance employee motivation and attract high-quality talent, focusing on performance-based compensation[153]. - The company conducted various training programs to improve employee skills and align with corporate strategic goals[154]. Compliance and Legal Matters - The company has not faced any major litigation or arbitration matters in the current year[199]. - There were no violations or external guarantees reported during the financial period[194]. - The company has engaged Huatai United Securities as a sponsor for the specific stock issuance in 2023[197]. - The auditing firm, Gongzheng Tianye, has been retained for five consecutive years, with an audit fee of 770,000 yuan[196]. - The company has not undergone any bankruptcy restructuring during the reporting period[198]. - There were no penalties or rectification measures imposed on the company during the financial year[200]. Commitment to Investors - The company is committed to protecting investor interests and will disclose specific reasons for any failure to meet commitments[187]. - The management team will face salary and dividend restrictions if they fail to fulfill their commitments, with a five-day deadline for compliance[186]. - The company will take necessary actions to correct any failures within the timeframe required by regulatory authorities[187]. - The company has committed to fulfilling its obligations regarding the stock incentive plan without any false disclosures[192]. - The company has pledged to implement measures to ensure immediate returns and link compensation systems to these measures[190].

苏州翔楼新材料股份有限公司 2023 年度募集资金存放与使用情况的专项报告 证券代码：301160 证券简称：翔楼新材 公告编号：2024-022 苏州翔楼新材料股份有限公司 2023年度募集资金存放与使用情况的专项报告 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。 根据中国证券监督管理委员会《上市公司监管指引第2号——上市公司募集资金管理 和使用的监管要求（2022年修订）》、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（2023年12月修订）》及相关格式指南的规定， 现将苏州翔楼新材料股份有限公司（以下简称"本公司"或"公司"）2023年度募集资金 存放与实际使用情况报告如下： 一、 募集资金基本情况 （一）实际募集资金金额、资金到位情况 1、首次公开发行股票募集资金 经中国证券监督管理委员会《关于同意苏州翔楼新材料股份有限公司首次公开发行 股票注册的批复》（证监许可〔2022〕651 号）核准，公司获准向社会首次公开发行人民 币普通股（A 股）股票 18,666,667 股，每股面值 1 元，发行价格为人民币 3 ...

2023 年度 - 1 - 苏州翔楼新材料股份有限公司 2023 年度募集资金存放与使用情况的专项报告 公证天业会计师事务所(特殊普通合伙) 苏州翔楼新材料股份有限公司 2023 年度募集资金存放与使用情况的专项报告 苏州翔楼新材料股份有限公司 募集资金存放与使用情况鉴证报告 Gongzheng Tianye Certified Public Accountants, SGP 总机：86（510）68798988 Tel：86（510）68798988 传真：86（510）68567788 Fax：86（510）68567788 电子信箱：mail@gztycpa. cn E-mail：mail@gztycpa. cn 募集资金存放与使用情况鉴证报告 苏公W[2024]E1088号 苏州翔楼新材料股份有限公司全体股东： 我们接受委托，对后附的苏州翔楼新材料股份有限公司（以下简称翔楼新材） 2023年度《募集资金存放与实际使用情况的专项报告》（以下简称"募集资金专项 报告"）进行了鉴证。 一、对报告使用者和使用目的的限定 本鉴证报告仅供翔楼新材2023年年度报告披露时使用，不得用作任何其他目 的。我们同意将本鉴 ...

4、会议召开时间： 证券代码：301160 证券简称：翔楼新材 公告编号：2024-023 苏州翔楼新材料股份有限公司 关于召开 2023 年年度股东大会的通知 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。 苏州翔楼新材料股份有限公司（以下简称"公司"）第三届董事会第十五次会 议决定于2024年5月16日（星期四）14：00召开公司2023年年度股东大会（以下 简称"本次股东大会"）。现将本次股东大会的有关事项通知如下： 一、召开会议的基本情况 1、会议届次：2023年年度股东大会 2、会议召集人：苏州翔楼新材料股份有限公司董事会 3、会议召开的合法性、合规性：本次股东大会会议召开符合有关法律、行政法 规、部门规章、规范性文件和公司章程的规定。 现场会议召开时间：2024年5月16日（星期四）下午14：00 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5月16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 统投票的具体时间为2024年5月16日上午 9:15 至下午 15 ...

证券代码：301160 证券简称：翔楼新材 公告编号：2024-015 苏州翔楼新材料股份有限公司 第三届监事会第十四次会议决议公告 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 苏州翔楼新材料股份有限公司（以下简称"公司"）第三届监事会第十四次会议 （以下简称"本次会议"）已于 2024 年 4 月 1 日以书面及邮件方式通知了全体监事， 会议于 2024 年 4 月 11 日以现场方式在公司会议室召开。本次会议由监事会主席沈 衡先生召集并主持，会议应到监事 3 名，实到监事 3 名。本次会议的召集、召开和 表决程序符合《公司法》《公司章程》等有关规定，合法有效。 二、监事会会议审议情况 经与会监事审议，形成如下决议： 1、审议通过了《关于公司<2023 年度监事会工作报告>的议案》 根据法律、法规和《公司章程》的规定，由监事会主席代表监事会汇报 2023 年度监事会工作情况。 具体内容详见公司同日在巨潮资讯网（www.cninfo.com.cn）上披露的《2023 年度监事会工作报告》。 表决结果：赞成 3 票，反对 0 票，弃权 ...

苏州翔楼新材料股份有限公司 2023 年度独立董事述职报告 各位股东及股东代表： 二、出席董事会及股东大会情况 公司在 2023 年度共计召开董事会 7 次，本人应出席 7 次，实际出席 7 次； 召开股东大会 3 次，本人应出席 3 次，实际出席 3 次。董事会及股东大会均没有 委托出席或未出席情形，本着谨慎的态度对各次董事会提交的各项议案经过审议 后进行投票，未出现提出反对、弃权意见的情形。 本人积极参加公司召开的董事会和股东大会，认真审阅会议相关材料，积极 参与各议案的讨论并提出合理建议，为董事会的正确、科学决策发挥积极作用。 本人认为公司董事会的召开符合法定程序，重大经营决策事项及其他重大事项均 履行了相关审批程序，合法有效，未对董事会上审议的议案提出异议，对各次董 事会会议审议的议案均投票赞成票，无反对票及弃权票。 三、发表独立意见的情况 2023 年度任期内发挥本人专业优势，认真对公司重大事项发表意见。本人 认为 2023 年度公司董事会审议的重大事项均符合《公司法》《证券法》等有关 法律、法规和《公司章程》的规定，体现了公开、公平、公正的原则，公司董事 会审议和表决重大事项的程序合法有效，不存在 ...

使用部分闲置募集资金和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 关于苏州翔楼新材料股份有限公司 根据《证券发行上市保荐业务管理办法》《上市公司监管指引第 2 号——上 市公司募集资金管理和使用的监管要求》《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》 等相关规定，华泰联合证券有限责任公司（以下简称"华泰联合"、"保荐机构"） 作为苏州翔楼新材料股份有限公司（以下简称"翔楼新材"或"公司"）首次公 开发行股票并在创业板上市、2023 年向特定对象发行股票的保荐机构，对公司 使用部分闲置募集资金和自有资金进行现金管理的事项进行了核查，核查情况如 下： 一、募集资金基本情况 （一）首次公开发行股票募集资金情况 经中国证券监督管理委员会（以下简称"中国证监会"）证监许可[2022]651 号文核准，公司首次公开发行 1,866.67 万股人民币普通股，每股面值为人民币 1.00 元，发行价格为每股人民币 31.56 元，募集资金总额为人民币 58,912.00 万 元，扣除各项发行费用人民币 5,443.55 万元（不含增值税），实际募 ...

苏州翔楼新材料股份有限公司 章 程 2024 年 4 月 | 第一章 | 总 | 则 3 | | --- | --- | --- | | 第二章 | | 经营宗旨和范围 4 | | 第三章 | 股 | 份 4 | | 第一节 | | 股份发行 4 | | 第二节 | | 股份增减和回购 6 | | 第三节 | | 股份转让 7 | | 第四章 | | 股东和股东大会 8 | | 第一节 | | 股 东 8 | | 第二节 | | 股东大会的一般规定 10 | | 第三节 | | 股东大会的召集 14 | | 第四节 | | 股东大会的提案与通知 15 | | 第五节 | | 股东大会的召开 17 | | 第六节 | | 股东大会的表决和决议 19 | | 第五章 | | 董事会 25 | | 第一节 | | 董 事 25 | | 第二节 | | 董事会 28 | | 第六章 | | 总经理及其他高级管理人员 32 | | 第七章 | | 监事会 33 | | 第一节 | | 监 事 33 | | 第二节 | | 监事会 34 | | 第八章 | | 财务会计制度、利润分配和审计 36 | | 第一节 | | ...