一、募集资金基本情况 证券代码：301286 证券简称：侨源股份 公告编号：2024-034 四川侨源气体股份有限公司 关于部分募集资金投资项目结项并将节余募集资金 永久补充流动资金的公告 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、误导性陈述或者重大遗漏。 四川侨源气体股份有限公司（以下简称"公司"）首次公开发行股票募集资 金投资项目"30TPD 高纯特气技改项目"（以下简称"30TPD 项目"）和"甘眉 工业园区配套工业气体项目"（以下简称"甘眉项目"）均已达到预定可使用状 态。截至 2024 年 6 月 25 日，"30TPD 项目"节余募集资金 3,353.47 元（含扣 除手续费的累计利息、公司以自有资金存入的手续费 236.00 元，实际金额以资 金转出当日专户余额为准），"甘眉项目"节余募集资金 1,522,285.93 元（含 扣除手续费的累计利息、公司以自有资金存入的手续费 350.00 元，实际金额以 资金转出当日专户余额为准），以及"补充流动资金项目"节余募集资金 210,814.06 元（含扣除手续费的累计利息，实际金额以资金转出当日专户余额为 准），公司 ...

四川侨源气体股份有限公司 一、回购方案概述 四川侨源气体股份有限公司（以下简称"公司"）于 2024 年 2 月 28 日召 开第五届董事会第五次会议及第五届监事会第五次会议，审议通过了《关于回 购公司股份方案的议案》，同意公司使用自有资金以集中竞价交易方式回购部 分公司已发行的人民币普通股（A 股）股份，用于实施股权激励或员工持股计 划。本次回购资金总额不低于人民币 10,000 万元（含）且不超过人民币 15,000 万元（含），回购价格不超过人民币 40.59 元/股（含）。按照回购价格上限和 回购金额上限测算，预计可回购股份数量为 369.55 万股，约占公司总股本的 0.92%；按照回购价格上限和回购金额下限测算，预计可回购股份数量为 246.37 万股，约占公司总股本的 0.62%。具体回购股份数量以回购实施完成时实际回 购的股份数量为准。本次回购股份的实施期限为自公司董事会审议通过本次回 购股份方案之日起 12 个月内。具体内容详见公司分别于 2024 年 2 月 28 日、2024 年 3 月 5 日在巨潮资讯网（http://www.cninfo.com.cn）上披露的《关于回购公司 股份方 ...

证券代码：301286 证券简称：侨源股份 公告编号：2024-032 四川侨源气体股份有限公司 2023 年度权益分派实施公告 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、四川侨源气体股份有限公司（以下简称"公司"）回购专用证券账户中 的股份 2,181,241.00 股不参与本次权益分派。公司 2023 年度权益分派方案为： 以总股本 400,100,000.00 股扣除已回购股份 2,181,241.00 股后的 397,918,759.00 股为基数，向全体股东每 10 股派发现金分红人民币 0.50 元（含税），实际派发 现金分红总额=397,918,759.00 股×0.50 元/10 股=19,895,937.95 元（含税）。 2、本次权益分派实施后计算除权除息价格时，按总股本（含回购股份）折 算的每 10 股现金红利（含税）=现金分红总额/总股本*10 股=19,895,937.95 元 /400,100,000.00 股*10 股=0.497274 元（保留六位小数，最后一位直接截取，不四 舍五入）。 3、本次权益分派实 ...

证券代码：301286 证券简称：侨源股份 公告编号：2024-031 四川侨源气体股份有限公司 关于公司为全资子公司提供担保进展的公告 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。 一、担保情况概述 四川侨源气体股份有限公司（以下简称"公司"）分别于 2024 年 4 月 9 日、 2024 年 4 月 30 日召开第五届董事会第六次会议和 2023 年年度股东大会，审议 通过了《关于 2024 年度对子公司担保额度预计的议案》，同意公司 2024 年度为 合并报表范围内的子公司阿坝汶川侨源气体有限公司（以下简称"阿坝侨源"）、 侨源气体（眉山）有限公司（以下简称"眉山侨源"）、侨源（金堂）气体有限 公司（以下简称"金堂侨源"）的融资提供合计不超过 6 亿元（含）的担保总额。 其中，对阿坝侨源的担保额度为 2 亿元，对眉山侨源的担保额度为 2 亿元，对金 堂侨源的担保额度为 2 亿元。上述担保额度可在子公司之间进行调剂，但在调剂 发生时，对于资产负债率超过 70%的担保对象，仅能从资产负债率超过 70%的担 保对象处获得担保额度。 本次担保方式包括但不限于 ...

证券代码：301286 证券简称：侨源股份 公告编号：2024-030 四川侨源气体股份有限公司 关于回购股份的进展公告 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。 四川侨源气体股份有限公司（以下简称"公司"）于 2024 年 2 月 28 日召开 第五届董事会第五次会议及第五届监事会第五次会议，审议通过了《关于回购公 司股份方案的议案》，同意公司使用自有资金以集中竞价交易方式回购部分公司 已发行的人民币普通股（A 股）股份，用于实施股权激励或员工持股计划。本次 回购资金总额不低于人民币10,000万元（含）且不超过人民币15,000万元（含）， 回购价格不超过人民币 40.59 元/股（含）。按照回购价格上限和回购金额上限 测算，预计可回购股份数量为 369.55 万股，约占公司总股本的 0.92%；按照回 购价格上限和回购金额下限测算，预计可回购股份数量为 246.37 万股，约占公 司总股本的 0.62%。具体回购股份数量以回购实施完成时实际回购的股份数量为 准。本次回购股份的实施期限为自公司董事会审议通过本次回购股份方案之日起 12 个月内。具体 ...

一、回购股份进展情况 四川侨源气体股份有限公司 关于回购股份的进展公告 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。 四川侨源气体股份有限公司（以下简称"公司"）于 2024 年 2 月 28 日召开 第五届董事会第五次会议及第五届监事会第五次会议，审议通过了《关于回购公 司股份方案的议案》，同意公司使用自有资金以集中竞价交易方式回购部分公司 已发行的人民币普通股（A 股）股份，用于实施股权激励或员工持股计划。本次 回购资金总额不低于人民币10,000万元（含）且不超过人民币15,000万元（含）， 回购价格不超过人民币 40.59 元/股（含）。按照回购价格上限和回购金额上限 测算，预计可回购股份数量为 369.55 万股，约占公司总股本的 0.92%；按照回 购价格上限和回购金额下限测算，预计可回购股份数量为 246.37 万股，约占公 司总股本的 0.62%。具体回购股份数量以回购实施完成时实际回购的股份数量为 准。本次回购股份的实施期限为自公司董事会审议通过本次回购股份方案之日起 12 个月内。具体内容详见公司分别于 2024 年 2 月 28 日 ...

中信建投证券股份有限公司关于 四川侨源气体股份有限公司 2023 年年度持续督导跟踪报告 | 保荐机构名称：中信建投证券股份有限公司 | 被保荐公司简称：侨源股份 | | --- | --- | | 保荐代表人姓名：贾志华 | 联系电话：028-68850816 | | 保荐代表人姓名：张翔 | 联系电话：028-68850835 | 一、保荐工作概述 | 项 目 | 工作内容 | | --- | --- | | 1.公司信息披露审阅情况 | | | （1）是否及时审阅公司信息披露文件 | 是 | | （2）未及时审阅公司信息披露文件的次数 | 0 次 | | 2.督导公司建立健全并有效执行规章制度的情 | | | 况 | | | （1）是否督导公司建立健全规章制度（包括但 不限于防止关联方占用公司资源的制度、募集 | | | | 是 | | 资金管理制度、内控制度、内部审计制度、关 | | | 联交易制度） | | | （2）公司是否有效执行相关规章制度 | 是 | | 3.募集资金监督情况 | | | （1）查询公司募集资金专户次数 | 2 次 | | （2）公司募集资金项目进展是否与信息披露文 | 是 ...

Financial Performance - Net profit for the period was ¥27,222,986.63, down 42.53% from ¥47,350,490.52 in the same period last year[11] - The total profit decreased to ¥35,703,603.68 from ¥59,723,504.54, reflecting a decline of 40.25% year-over-year[11] - Net profit attributable to shareholders was ¥27,222,986.63, down 42.51% from ¥47,350,490.52 year-on-year[35] - The net profit after deducting non-recurring gains and losses was ¥23,303,655.76, a decline of 47.59% compared to ¥44,463,342.86 in the previous year[35] - The company reported a basic earnings per share of ¥0.07, down from ¥0.12 in the same period last year[11] - Basic earnings per share decreased to ¥0.07, down 41.67% from ¥0.12 year-on-year[35] - Diluted earnings per share decreased from ¥0.12 to ¥0.07, representing a decline of 41.7%[54] Revenue and Costs - The company's operating revenue for Q1 2024 was ¥232,331,862.14, a decrease of 4.74% compared to ¥243,897,698.49 in the same period last year[35] - Total operating revenue for the first quarter was CNY 232,331,862.14, a decrease of 4.3% compared to CNY 243,897,698.49 in the previous year[47] - Total operating costs increased to CNY 199,436,023.50, up 7.4% from CNY 185,350,825.87 in the prior year[47] Cash Flow - Operating cash flow improved by 71.47%, with a net cash flow from operating activities of -¥3,054,714.32 compared to -¥10,708,381.90 in the previous year[15] - The net cash flow from operating activities improved to -¥3,054,714.32, a 71.47% increase from -¥10,708,381.90 in the same period last year[35] - Cash inflow from operating activities totaled ¥191,448,321.94, compared to ¥188,434,774.06 in the previous period, an increase of about 1.1%[55] - Cash outflow for operating activities totaled ¥194,503,036.26, down from ¥199,143,155.96, a decrease of approximately 2.4%[55] - Investment cash flow also improved, decreasing by 43.67% to -¥3,448,424.16 from -¥6,121,712.71, mainly due to reduced capital investment expenditures[15] - The company reported a net cash outflow from investing activities of -¥3,448,424.16, an improvement from -¥6,121,712.71 in the previous period[55] - Financing cash flow showed a significant decline of 671.24%, with a net cash flow of -¥47,360,604.14 compared to -¥6,140,871.56, primarily due to share buybacks and payments for leasing fixed asset buyouts[15] - The company experienced a net cash outflow from financing activities of -¥47,360,604.14, compared to -¥6,140,871.56 in the previous period, indicating a significant increase in cash outflow[59] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,957,336,473.66, a decrease of 2.22% from ¥2,001,804,287.77 at the end of the previous year[35] - Total assets decreased from ¥2,001,804,287.77 to ¥1,957,336,473.66, a decline of approximately 2.2%[51] - Total liabilities decreased from ¥279,596,289.43 to ¥230,084,711.02, a reduction of about 17.7%[51] - The company’s total liabilities decreased by 75.66% for current liabilities due to repayment of lease liabilities[39] - The company’s cash and cash equivalents decreased to CNY 173,429,542.25 from CNY 227,256,203.31, a decline of 23.7%[44] - Cash and cash equivalents at the end of the period decreased from ¥229,195,448.07 to ¥173,286,537.64, a decline of approximately 24.5%[59] Research and Development - R&D expenses increased significantly by 245.26% to ¥229,716.70 from ¥66,534.84, attributed to increased investment in R&D projects during the reporting period[3] - The company’s research and development expenses for the quarter were CNY 229,716.70, significantly higher than CNY 66,534.84 in the previous year, marking an increase of 245.5%[47] Other Income and Expenses - Other income rose by 82.46% to ¥3,939,673.29 compared to ¥2,159,219.43, mainly due to an increase in government subsidies received[3] - The company received government subsidies amounting to CNY 3,939,673.29 during the reporting period[39] - The company reported a decrease in the provision for credit impairment losses, with a loss of CNY -1,571,293.41 compared to CNY -2,316,577.03 in the previous year[47] Shareholder Information - The total number of common shareholders at the end of the reporting period was 4,229[16] - The top ten shareholders held a combined 99.99% of the shares, with the largest shareholder holding 71.10%[16] - Shareholders' equity attributable to the parent company increased slightly to ¥1,727,251,762.64, up 0.29% from ¥1,722,207,998.34[35] - Total equity increased slightly from ¥1,722,207,998.34 to ¥1,727,251,762.64, an increase of about 0.3%[53] - The weighted average return on net assets was 1.57%, down 1.42 percentage points from 2.99% in the previous year[35]

Investment Rating - The report assigns an investment rating of "Buy" for the company, indicating a positive outlook for future performance [7]. Core Insights - The company is projected to experience significant revenue growth, with estimates of $1,022 million in 2023, increasing to $1,973 million by 2026, representing a compound annual growth rate (CAGR) of 13.6% [7]. - The earnings before interest, taxes, depreciation, and amortization (EBITDA) is expected to rise from $256 million in 2023 to $705 million in 2026, reflecting a strong growth trajectory [7]. - The report highlights a robust increase in net income, forecasting growth from $30 million in 2023 to $43 million in 2026, which indicates a healthy profit margin expansion [7]. Summary by Relevant Sections Financial Projections - Revenue is expected to grow from $1,022 million in 2023 to $1,973 million in 2026, with year-on-year growth rates of 39.7% in 2024 and 21.7% in 2025 [7]. - EBITDA is projected to increase from $256 million in 2023 to $705 million in 2026, with a notable growth rate of 14.0% in 2024 [7]. - Net income is forecasted to rise from $30 million in 2023 to $43 million in 2026, with a consistent growth pattern [7]. Market Position - The company is positioned to capitalize on market trends, leveraging its competitive advantages to enhance market share and profitability [7]. - The report emphasizes the company's strategic initiatives aimed at expanding its product offerings and improving operational efficiencies [7]. Risk and Opportunities - The report identifies potential opportunities for growth through market expansion and innovation, which could further enhance the company's financial performance [7].

Market Overview - The industrial gas market in China is approximately 200 billion yuan, with a compound annual growth rate (CAGR) of 11% over the past five years, outpacing GDP growth[35]. - The industrial gas industry in China has been supported by national policies, leading to increased demand for industrial gases from traditional manufacturing sectors[80]. - The company is positioned as a leading player in the industrial gas market in Southwest China, benefiting from expanding market demand[80]. Financial Performance - The total operating revenue for 2023 was approximately CNY 1,021,681,665.65, representing a year-on-year increase of 12.5%[53]. - The net profit attributable to shareholders for 2023 was CNY 202,850,057.77, an increase of 8.3% compared to the previous year[53]. - The company reported a cash flow from operating activities of CNY 150,369,191.89 for the year, showing a significant improvement from the previous year's cash flow[53]. - The total operating revenue for 2023 reached ¥1,021,681,665.6, representing an increase of 11.25% compared to ¥918,391,578.97 in 2022[97]. - Main business revenue accounted for ¥963,691,013.68, which is 94.32% of total revenue, showing a year-on-year growth of 9.94%[97]. - The revenue from oxygen was ¥458,016,737.87, contributing 44.83% to total revenue, with a slight increase of 2.04% from the previous year[97]. - The revenue from nitrogen increased significantly by 22.81% to ¥392,358,007.95, representing 38.40% of total revenue[97]. - The company reported a net cash flow from operating activities of ¥150,410,191.89, an increase of 43.53% compared to the previous year[96]. - The gross profit margin for main business revenue was 33.32%, reflecting an increase of 3.62% year-on-year[98]. Dividends and Retained Earnings - The company plans to distribute a cash dividend of 0.5 yuan per 10 shares (before tax) for the 2023 fiscal year[16]. - The company’s retained earnings increased to 463,271,666.90 yuan after adjustments for the fiscal year 2022[28]. Research and Development - Research and development efforts are focused on new gas products and technologies to meet growing industrial demands[49]. - Research and development expenses totaled ¥885,378.84, marking a substantial increase of 240.76% due to new project investments[96]. - The company's R&D investment for 2023 amounted to ¥885,378.84, representing an increase from ¥259,821.83 in 2022, with a growth rate of 240.76%[139]. - The proportion of R&D investment to operating revenue increased to 0.09% in 2023 from 0.03% in 2022[139]. - The company has initiated a new R&D project focused on energy conservation and efficiency, with expected annual benefits exceeding ¥1.5 million from a single project[139]. Production and Capacity - The company has a production capacity of 25,000 Nm³/h and 40,000 Nm³/h for air separation gas production lines in Fujian, primarily supplying pipeline gas to major clients[62]. - The company’s oxygen production capacity is 618,192,000 Nm³ with a utilization rate of 37.43%, while nitrogen production capacity is 1,048,176,000 Nm³ with a utilization rate of 64.72%[87]. - Liquid oxygen production capacity stands at 765,931.46 tons with a utilization rate of 62.33%, and liquid nitrogen production capacity is 607,624.6 tons with a utilization rate of 77.47%[87]. - The company’s production capacity for liquid gases is over 120,000 tons, making it the largest in the Southwest region, which helps in significantly reducing production costs[110]. Logistics and Distribution - The company has established a comprehensive gas supply and service network, covering high-purity gases such as oxygen, nitrogen, and argon, with a focus on traditional industries and emerging sectors like semiconductors and renewable energy[62]. - The company has a logistics model primarily based on self-delivery, supported by third-party logistics, ensuring efficient distribution within a 300 km radius[65]. - The company's logistics system allows for real-time monitoring and efficient distribution, effectively reducing logistics costs[74]. - The company’s logistics capabilities have been strengthened, allowing for stable relationships with numerous small and medium-sized clients, contributing to brand effect and market reputation[111]. Government Support and Subsidies - The company received government subsidies totaling CNY 6,395,904.45 in 2023, up from CNY 2,122,905.79 in 2022[56]. Corporate Governance - The company’s financial report has been audited by Beijing Dahua International Accounting Firm[24]. - The company’s board of directors and management guarantee the accuracy and completeness of the annual report[15]. - The company emphasizes that all forward-looking statements do not constitute substantive commitments to investors[39]. - The company has established a robust internal control system to enhance governance and operational standards in compliance with regulatory requirements[188]. Customer Relationships - The company maintains long-term relationships with key clients across various industries, including metallurgy, chemicals, and emerging sectors like photovoltaics and semiconductors[83]. - The top five customers accounted for 38.01% of total sales, indicating a significant concentration of revenue among a few key clients[104]. - The top five customers contributed a total sales revenue of ¥388,326,904.28, accounting for 38.01% of the annual total sales[121]. Future Plans and Expansion - The company plans to expand its market presence by increasing production capacity and enhancing distribution networks in key regions[49]. - The company is exploring potential mergers and acquisitions to enhance its competitive position in the industrial gas sector[49]. - The company plans to extend the expected operational status date of the comprehensive intelligent management platform from June 30, 2024, to December 31, 2025[156]. - The company plans to expand its operations in multiple pipeline gas projects across Fujian Fuzhou, Sichuan Meishan, and Sichuan Jintang, targeting key industrial areas for nationwide expansion[184]. Asset Management - The company reported a deferred tax asset of 12,106,978.00 yuan as of December 31, 2022, after adjustments[28]. - The total assets at the end of 2023 were significantly impacted by an increase in fixed assets, which reached ¥938,050,838.81, representing 46.86% of total assets[145]. - The cumulative procurement amount from major suppliers has not included any related party transactions, maintaining a clear procurement structure[121]. Meetings and Investor Relations - The company held its 2022 Annual General Meeting with an investor participation rate of 89.52% on May 15, 2023[190]. - The first extraordinary general meeting of 2023 had an investor participation rate of 89.07% on June 21, 2023[190]. - The second extraordinary general meeting of 2023 recorded an investor participation rate of 83.22% on July 14, 2023[190]. - The third extraordinary general meeting of 2023 is scheduled for December 26, 2023, with an investor participation rate of 89.08%[190].