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 二、保荐人发现公司存在的问题及采取的措施 | 事 项 | 存在的问题 | 采取的措施 | | --- | --- | --- | | 1.信息披露 | 无 | 不适用 | | 2.公司内部制度的建立和执行 | 无 | 不适用 | | 3."股东会、董事会"运作 | 无 | 不适用 | | 4.控股股东及实际控制人变动 | 无 | 不适用 | | 5.募集资金存放及使用 | 无 | 不适用 | | 6.关联交易 | 无 | 不适用 | | 7.对外担保 | 无 | 不适用 | | 8.收购、出售资产 | 无 | 不适用 | | 9.其他业务类别重要事项（包括 | | | | 对外投资、风险投资、委托理财、 | 无 | 不适用 | | 财务资助、套期保值等） | | | | 10.发行人或者其聘请的中介机 | 无 | 不适用 | | 构配合保荐工作的情况 | | | 2024 年年度持续督导跟踪报告 | 保荐人名称：中信建投证券股份有限公司 | 上市公司简称：侨源股份 | | --- | --- | | 保荐代表人姓名：贾志华 | 联系电话：028-6885 ...

化工股局部拉升，红墙股份（002809）涨停，侨源股份（301286）涨超8%，百龙创园（605016）、中 欣氟材（002915）、新瀚新材（301076）跟涨。 ...

Financial Performance - In Q1 2025, the net cash flow from operating activities increased by 832.18% year-on-year due to higher revenue, increased cash collections, and higher bill payments [2] - The net profit for Q1 2025 grew by 103.62% year-on-year, driven by increased sales volume, government subsidies, and reduced electricity costs [2] - For 2024, the company expects revenue of approximately CNY 1.024 billion, a year-on-year increase of 0.20%, while net profit is projected at CNY 149 million, a decline of 26.43% [6] Customer Revenue Breakdown - In 2024, revenue from end customers accounted for approximately 95%, while revenue from traders made up about 5% [3] Stock Performance and Management Response - The company's stock price has decreased by 22% this year, ranking around 5240 out of 5410 stocks, placing it in the bottom 3% [3] - The company emphasizes its commitment to market value management through share buybacks and dividends, aiming to enhance investor confidence [3] Dividend Distribution - The proposed cash dividend for 2024 is CNY 0.80 per 10 shares, totaling approximately CNY 31.73 million [4] - The company plans to maintain a balance between development, profit growth, and shareholder returns [4] Future Growth Drivers - Future growth will focus on enhancing operational efficiency, upgrading core capabilities in products, technology, and services, and pursuing mergers and acquisitions [5] Market and Competitive Landscape - The company’s gas prices are stable due to long-term contracts, with slight decreases in liquid product prices due to macroeconomic factors [5] - The company is not directly affected by U.S. tariff policies and plans to focus on domestic market development and technological advancements [5] Strategic Initiatives - The company is advancing its 2025 stock incentive plan, granting 739,700 restricted stocks to 229 individuals at a price of CNY 17.64 per share [7] - Ongoing acquisition plans are in progress, with due diligence being conducted on potential targets [8] - The company aims to expand its market presence both domestically and internationally, with a focus on diversifying its operations [9]

Core Viewpoint - The rapid development of the humanoid robot industry is driving a significant increase in demand for rare earth permanent magnet materials, highlighting investment opportunities in this sector [1][5]. Industry Overview - The rare earth permanent magnet concept index surged by 6.23% on May 6, indicating a strong market sentiment [1]. - Analysts suggest that the current period represents a resonance of fundamentals and sentiment in the rare earth sector, with prices expected to rise [1][5]. - The humanoid robot market is projected to experience explosive growth, providing substantial incremental space for the rare earth permanent magnet industry [1][5]. Market Dynamics - The price of dysprosium has doubled to $850 per kilogram since early April, while terbium prices have surged over 210% to $3,000 per kilogram [1]. - The demand for rare earth materials is critical in humanoid robots, particularly in servo motors, where neodymium-iron-boron magnets play a key role [1]. Company Performance - Several rare earth companies reported significant sales increases in Q1 2025, with North Rare Earth achieving a revenue of 9.287 billion yuan, a 61.19% year-on-year increase, and a net profit growth of 727.3% [3]. - Shenghe Resources reported a revenue of 2.992 billion yuan, up 3.66%, with net profit increasing by 178.09% [3]. - China Rare Earth's revenue reached 728 million yuan, a 141.32% increase, with net profit growing by 125.15% [3]. Investment Opportunities - Analysts emphasize the strategic investment opportunities in the rare earth sector, particularly for companies with high technical barriers and flexible production capacities [1][5]. - The introduction of Tesla's humanoid robot Optimus is expected to create a substantial demand for neodymium-iron-boron materials, potentially leading to a new rare earth permanent magnet market [2][4].

证券代码：301286 证券简称：侨源股份 公告编号：2025-032 四川侨源气体股份有限公司董事会 2025 年 4 月 29 日 四川侨源气体股份有限公司 2025 年第一季度报告披露提示性公告 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 2025 年 4 月 28 日召开第五届董事会第十五次会议及第五届监事会第十五次会议，审议通 过《关于公司<2025 年第一季度报告>全文的议案》。 为使投资者全面了解公司 2025 年第一季度的经营成果和财务状况， 公司《2025 年第一季度报告》于 2025 年 4 月 29 日在中国证监会指定的 创业板信息披露网站巨潮资讯网（http://www.cninfo.com.cn）上进行披 露，敬请广大投资者注意查阅。 特此公告。 ...

Financial Performance - The company's operating revenue for Q1 2025 was ¥256,113,644.34, representing a 10.24% increase compared to ¥232,331,862.14 in the same period last year[5] - Net profit attributable to shareholders reached ¥55,432,621.21, a significant increase of 103.62% from ¥27,222,986.63 in the previous year[5] - Basic earnings per share rose to ¥0.1398, up 105.59% from ¥0.0680 in the previous year[5] - Total operating revenue for Q1 2025 reached ¥256,113,644.34, an increase of 10.8% compared to ¥232,331,862.14 in the same period last year[24] - Net profit for the period was ¥55,432,621.21, up 103.1% from ¥27,222,986.63 year-over-year[25] - Basic and diluted earnings per share increased to ¥0.1398 from ¥0.0680, representing a growth of 105.3%[26] Cash Flow - The net cash flow from operating activities was ¥22,365,928.06, a remarkable turnaround from a negative cash flow of ¥3,054,714.32 in the same period last year, marking an increase of 832.18%[5] - Operating cash inflow for the current period was $221,034,961.82, an increase of 15.5% compared to $191,448,321.94 in the previous period[27] - Net cash flow from operating activities was $22,365,928.06, a significant recovery from a negative cash flow of -$3,054,714.32 in the previous period[27] - Net cash flow from investing activities improved by 72.58%, amounting to -¥945,495.11 compared to -¥3,448,424.16 in the previous year[14] - Cash inflow from financing activities was $1,164,240.00, while cash outflow totaled $16,315,094.18, leading to a net cash flow of -$15,150,854.18[28] - The ending cash and cash equivalents balance was $219,840,407.17, up from $173,286,537.64 in the previous period[28] - The company’s cash flow from operating activities showed a positive trend, suggesting improved operational efficiency and financial health[27] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,016,929,219.10, reflecting a 1.00% increase from ¥1,996,863,826.20 at the end of the previous year[5] - Non-current assets totaled ¥1,396,549,018.36, slightly down from ¥1,398,332,978.88[22] - Total liabilities decreased to ¥207,089,990.71 from ¥243,774,966.22, a reduction of 15.1%[22] - Owner's equity rose to ¥1,809,839,228.39 from ¥1,753,088,859.98, an increase of 3.2%[22] Shareholder Information - Total number of common shareholders at the end of the reporting period is 4,578[16] - The largest shareholder, Qiao Zhiyong, holds 71.10% of shares, totaling 284,471,100 shares[16] - The total number of shares held by the top ten unrestricted shareholders is 3,410,850 shares[17] - The company has a total of 3,593,606 shares held in the repurchase special securities account as of the end of the reporting period[17] - The total number of preferred shareholders at the end of the reporting period is not applicable[18] - The company has no changes in restricted shares during the reporting period[19] Research and Development - Research and development expenses decreased by 61.56% to ¥88,302.79 from ¥229,716.70 in the previous year, primarily due to a reduction in R&D personnel[12] - Research and development expenses decreased to ¥88,302.79 from ¥229,716.70, a decline of 61.5%[24] Other Income - The company reported a 145.06% increase in other income, totaling ¥9,654,650.30, mainly due to increased government subsidies[12] - The company reported a significant increase in other income to ¥9,654,650.30 from ¥3,939,673.29, a growth of 145.5%[24] Government Subsidies - The company received government subsidies amounting to ¥9,597,883.06 during the reporting period, contributing to the increase in net profit[6]

侨源股份（301286）公告，2025年第一季度营业收入2.56亿元，同比增长10.24%。净利润5543.26万 元，同比增长103.62%。 ...

| | 资金占 | 占用方与 | 上市公 | 2024 年 | 2024 年度占用 | 2024 年度 | 2024 年度 | 2024 年期 | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 非经营性 资金占用 | 用方名 | 上市公司 的关联关 | 司核算 的会计 | 期初占 用资金 | 累计发生金额 | 占用资金 | 偿还累计 | 末占用资 | 占用形 成原因 | 占用 性质 | | | 称 | 系 | 科目 | 余额 | （不含利息） | 的利息 | 发生金额 | 金余额 | | | | 控股股东、实际控制人及其附属企业 | 无 | | | | | | | | | | | 小计 | — | — | — | | | | | | | — | | 前控股股东、实际控制人及其附属企业 | 无 | | | | | | | | | | | 小计 | — | — | — | | | | | | | — | | 其他关联方及其附属企业 | 无 | | | | | | | | | | | 小计 | — | — | — ...

四川侨源气体股份有限公司董事会 2025 年 4 月 23 日 证券代码：301286 证券简称：侨源股份 公告编号：2025-019 四川侨源气体股份有限公司 2024 年年度报告披露提示性公告 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 2025 年 4 月 21 日召开第五届董事会第十四次会议及第五届监事会第十四次会议，审议通 过《关于公司<2024 年年度报告及摘要>的议案》。 为使投资者全面了解公司 2024 年度的经营成果和财务状况，公司 《2024 年年度报告》及《2024 年年度报告摘要》于 2025 年 4 月 23 日在 中 国 证 监 会 指 定 的 创 业 板 信 息 披 露 网 站 巨 潮 资 讯 网 （http://www.cninfo.com.cn）上进行披露，敬请广大投资者注意查阅。 特此公告。 ...

四川侨源气体股份有限公司 2024 年度监事会工作报告 2024 年度，四川侨源气体股份公司（以下简称"公司"）监事会严格按照《公 司法》《证券法》《公司章程》《监事会议事规则》等有关规定和要求，本着对全体 股东负责的精神，对公司各重大事项的决策程序、合规性进行了监察，对公司财务状 况和财务报告的编制进行了审查，对公司董事、高级管理人员履行职责情况进行了监 督，认真履行和独立行使监事会的监督职权和职责，维护公司及股东的合法权益。现 将 2024 年度监事会主要工作报告如下： 一、监事会工作情况 2024 年度，公司监事会共召开 7 次会议，审议了关联交易、聘任会计师、募集资 金使用、内部控制自我评价报告、半年度报告、季度报告等事项，公司全体监事均出 席了监事会会议，监事会会议的召集、召开和表决程序、决议内容均符合法律法规和 《公司章程》 的规定。会议召开具体情况如下： | 序 | 召开日期 | 会议届次 | 审议议案 | | --- | --- | --- | --- | | 号 | | | | | 1 | 2024.2.28 | 第五届监事会第五次会议 | 议案一：《关于回购公司股份方案的议案》 | | | ...