证券代码：301325 证券简称：曼恩斯特 公告编号：2024-070 深圳市曼恩斯特科技股份有限公司 关于回购公司股份的进展公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 深圳市曼恩斯特科技股份有限公司（以下简称"公司"）于 2024 年 10 月 28 日召开第二届董事会第六次会议，审议通过了《关于回购公司股份方案的议 案》，同意公司使用自筹资金及公司自有资金以集中竞价交易方式回购公司人民 币普通股（A 股），回购股份用于员工持股计划或股权激励，具体内容详见公司 于 2024 年 10 月 29 日在巨潮资讯网（www.cninfo.com.cn）披露的《关于第二期 回购公司股份方案的公告》（公告编号：2024-065）、《回购报告书》（公告编 号：2024-066）。 根据《深圳证券交易所上市公司自律监管指引第 9 号——回购股份》（以下 简称"《回购指引》"）等相关规定，公司应在每个月的前三个交易日内披露截 至上月末的回购进展情况。现将公司回购股份的情况公告如下： 一、回购公司股份的进展情况 截至 2024 年 10 月 31 日，公司暂未实施第 ...

| 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有 | | --- | | 虚假记载、误导性陈述或重大遗漏。 | 深圳市曼恩斯特科技股份有限公司（以下简称"公司"）于 2024 年 10 月 28 日召开第二届董事会第六次会议，审议通过了《关于回购公司股份方案的议 案》，同意公司使用自筹资金及公司自有资金以集中竞价交易方式回购公司人民 币普通股（A 股），回购股份用于员工持股计划或股权激励，具体内容详见公司 于 2024 年 10 月 29 日在巨潮资讯网（www.cninfo.com.cn）披露的《关于第二期 回购公司股份方案的公告》（公告编号：2024-065）及《回购报告书》（公告编 号：2024-066）。 根据《上市公司股份回购规则》《深圳证券交易所上市公司自律监管指引第 9 号——回购股份》的规定，现将董事会公告回购股份决议前一个交易日（2024 年 10 月 28 日）登记在册的前十名股东和前十名无限售条件股东的名称、持股数 量以及持股比例情况公告如下： 一、董事会公告回购股份决议前一个交易日（2024 年 10 月 28 日）登记在 册的前十名股东持股情况 单位：股 | 序号 ...

Investment Rating - Buy (Maintained) [1] Core Views - Q3 performance fell short of expectations with a significant decline in profitability [2] - Coating business revenue decreased by 25% YoY, while intelligent equipment revenue grew by 30-40% [2] - Energy storage revenue accounted for 60% of total revenue, contributing 1.5 billion yuan annually [2] - The company is expanding into the pan-semiconductor sector, with potential growth opportunities in panels, perovskite, and semiconductors [3] - R&D expenses increased by 113% YoY, with capital expenditures rising by 468% [3] - Downstream demand is weaker than expected, leading to a downward revision of net profit forecasts for 2024-2026 [4] Financial Performance Summary Revenue and Profit - 2024 Q1-3 revenue: 1.03 billion yuan, up 84% YoY [2] - 2024 Q1-3 net profit: 60 million yuan, down 74% YoY [2] - 2024 Q3 revenue: 680 million yuan, up 217% YoY and 306% QoQ [2] - 2024 Q3 net profit: -10 million yuan, turning negative YoY and QoQ [2] - Gross margin in Q3: 13.4%, down 53.8 pct YoY and 43.5 pct QoQ [2] Coating Business - 2024 Q1-3 coating business revenue: 410 million yuan, down 25% YoY [2] - Core components revenue: 200-250 million yuan, down 40-50% YoY [2] - Intelligent equipment revenue: 150-200 million yuan, up 30-40% YoY [2] - 2024 Q3 coating business revenue: 90 million yuan, down 60% YoY [2] Energy Storage Business - 2024 Q1-3 energy storage revenue: 618 million yuan, accounting for 60% of total revenue [2] - 2024 Q3 energy storage revenue: 589 million yuan, accounting for 87% of total revenue [2] - Full-year energy storage revenue expected to reach 1.5 billion yuan, with a gross margin of 10-15% [2] R&D and Capital Expenditures - 2024 Q1-3 R&D expenses: 220 million yuan, up 113% YoY [3] - 2024 Q1-3 capital expenditures: 280 million yuan, up 468% YoY [3] - 2024 Q3 capital expenditures: 50 million yuan, up 64% YoY [3] Profit Forecast and Valuation - 2024-2026 net profit forecast revised to 60/180/310 million yuan, down from previous estimates of 410/520/670 million yuan [4] - 2024-2026 EPS forecast: 0.39/1.25/2.14 yuan [1] - 2024-2026 P/E ratio: 114/35/21x [4] Market Data - Closing price: 44.09 yuan [6] - 52-week low/high: 29.75/84.80 yuan [6] - P/B ratio: 2.16x [6] - Market cap: 6.34 billion yuan [6] Financial Projections Income Statement - 2024E revenue: 2.02 billion yuan, up 153.85% YoY [1] - 2025E revenue: 2.61 billion yuan, up 29.16% YoY [1] - 2026E revenue: 3.45 billion yuan, up 32.16% YoY [1] - 2024E net profit: 55.59 million yuan, down 83.72% YoY [1] - 2025E net profit: 180.34 million yuan, up 224.43% YoY [1] - 2026E net profit: 307.62 million yuan, up 70.58% YoY [1] Balance Sheet - 2024E total assets: 8.48 billion yuan, up from 3.73 billion yuan in 2023 [10] - 2024E total liabilities: 3.11 billion yuan, up from 744 million yuan in 2023 [10] - 2024E equity: 5.37 billion yuan, up from 2.99 billion yuan in 2023 [10] Cash Flow - 2024E operating cash flow: 395 million yuan, up from -79 million yuan in 2023 [11] - 2024E capital expenditures: -142 million yuan, up from -108 million yuan in 2023 [11] Key Financial Ratios - 2024E ROE: 1.03%, down from 11.40% in 2023 [11] - 2024E ROIC: 1.59%, down from 16.75% in 2023 [11] - 2024E P/E ratio: 114.13x, up from 18.58x in 2023 [11]

Group 1: Financial Performance - The company achieved operating revenue of 102,995.01 million yuan, representing an increase of 83.55% compared to the same period last year [1] - The net profit attributable to shareholders for the first three quarters was 6,415.71 million yuan, a decrease of 74.43% year-on-year, indicating pressure on overall profitability [1] Group 2: Reasons for Profit Decline - Increased investment in new businesses led to a significant rise in period expenses, particularly in R&D, which saw a continuous quarterly increase [2] - Changes in revenue structure during the third quarter resulted in a higher proportion of lower-margin energy system-related businesses, leading to a rapid increase in production costs [2] - The company recognized asset impairment provisions totaling 5,324.58 million yuan, a substantial increase compared to the previous year, primarily due to new large receivables [2] Group 3: R&D Investment - The company has consistently implemented an innovation-driven development mechanism, increasing R&D investment to 7,457.06 million yuan, which is a 60.41% increase year-on-year [2] Group 4: Business Development and Future Outlook - The company is focusing on expanding its platform technology strategy in the new energy and semiconductor sectors, aiming to build a diversified growth curve and enhance performance while strengthening risk resistance [2] - The company has successfully delivered its first 100 MW automated stacking coating system, marking a significant achievement in the photovoltaic sector [3] - Although the energy storage business is expanding rapidly with sufficient orders, it is currently experiencing temporary losses due to the lack of scale effects; profitability is expected to improve as order volumes increase [3]

Financial Performance - The company's revenue for Q3 2024 reached ¥679,504,637.03, representing a 216.80% increase year-over-year[2] - The net profit attributable to shareholders was a loss of ¥7,846,877.86, a decline of 108.53% compared to the same period last year[2] - The net profit attributable to shareholders after deducting non-recurring gains and losses was a loss of ¥16,677,505.75, down 120.62% year-over-year[2] - Total operating revenue for Q3 2024 reached CNY 1,029,950,148.32, a significant increase of 83.5% compared to CNY 561,113,730.66 in the same period last year[21] - The net profit for Q3 2024 was CNY 50,620,203.07, a significant decrease from CNY 252,734,360.66 in the same period last year, representing a decline of approximately 80%[23] - The company reported a total comprehensive income of CNY 50,835,435.39 for Q3 2024, down from CNY 252,734,360.66 in the same quarter last year[25] Assets and Liabilities - The total assets at the end of the reporting period were ¥4,641,956,838.66, an increase of 24.34% from the end of the previous year[2] - The total assets of the company reached CNY 4,641,956,838.66, up from CNY 3,733,355,373.49, reflecting a growth of 24.3%[20] - The total liabilities increased to CNY 1,727,457,724.51 from CNY 743,537,656.80, a rise of 132.8%[20] - The company's equity attributable to shareholders decreased to CNY 2,932,539,845.41 from CNY 2,995,807,482.86, a decline of 2.1%[20] Cash Flow - The net cash flow from operating activities for the year-to-date was -¥441,579,016.63, a significant decline of 2,359.12%[2] - The net cash flow from operating activities was negative at CNY -441,579,016.63, contrasting with a positive cash flow of CNY 19,546,523.89 in the previous year[28] - The company experienced a significant increase in cash inflow from investment activities, totaling CNY 4,004,271,696.78 compared to CNY 1,122,721,307.05 in the previous year[28] - The cash outflow from financing activities was CNY 169,320,309.70, compared to CNY 60,973,621.31 in Q3 2023, indicating a substantial increase in financing costs[29] - Cash and cash equivalents at the end of the period totaled CNY 858,904,791.79, down from CNY 1,077,796,525.97 at the end of Q3 2023[29] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 14,497[8] - The top ten unrestricted shareholders hold a total of 20,000,000 shares, with the largest shareholder holding 4,134,794 shares, representing approximately 20.7% of the total[10] - The company reported a total of 93,741,245 restricted shares at the beginning of the period, with 22,176,178 shares released during the period, resulting in a total of 85,997,960 restricted shares at the end[15] - The company plans to release 9,316,316 shares from Shenzhen Xinyi Investment Development Co., Ltd. by May 12, 2026, which will increase its total unrestricted shares significantly[12] - The company has a total of 14,432,893 shares that are expected to be added to the unrestricted category in the upcoming months[15] - The company has identified several key shareholders involved in strategic placements, including Minsheng Securities and Qingdao Hanman Network Technology, which may influence future investment strategies[10] - The company is currently unaware of any relationships or agreements among other shareholders that could affect stock performance[11] - The company has a total of 1,340,831 shares from Hainan Henguan No. 5 Venture Capital Fund that will be released by May 13, 2024, indicating a potential increase in liquidity[14] - The company has a total of 2,812,500 shares held by Minsheng Securities, which may play a role in future financing activities[10] - The company has a total of 1,518,251 shares held by Ningbo Hemao Investment Center, which could impact market dynamics[10] - The company has a strategic focus on expanding its shareholder base and increasing the number of unrestricted shares available in the market[12] Operating Costs and Expenses - Total operating costs for Q3 2024 were CNY 970,523,986.78, up from CNY 278,539,387.67, reflecting a year-over-year increase of 248.5%[22] - Research and development expenses for Q3 2024 were CNY 74,570,578.63, compared to CNY 46,487,065.64, showing an increase of 60.5%[22] - The company reported a tax expense of CNY -3,665,361.10 for the quarter, a decrease from CNY 38,808,387.84 in the same period last year[23] - The company did not report any net profit from the merged entity under common control for the current and previous periods, indicating no contribution from this segment[24] Earnings Per Share - The company reported a basic earnings per share of -¥0.05 for the current period, a decrease of 107.81%[2] - Basic and diluted earnings per share were both CNY 0.45, a decrease from CNY 2.03 in Q3 2023[25]

1、审议通过《关于<公司 2024 年第三季度报告>的议案》 监事会认为：《公司 2024 年第三季度报告》的编制和审议程序符合法律、 行政法规和中国证券监督管理委员会、深圳证券交易所的有关规定，上述报告的 内容真实、准确、完整地反映了公司的实际情况，不存在任何虚假记载、误导性 陈述、重大遗漏。 证券代码：301325 证券简称：曼恩斯特 公告编号：2024-061 深圳市曼恩斯特科技股份有限公司 第二届监事会第五次会议决议公告 本公司及监事会全体成员保证信息披露内容的真实、准确和完整，没有 虚假记载、误导性陈述或重大遗漏。 一、监事会召开情况 深圳市曼恩斯特科技股份有限公司（以下简称"公司"）第二届监事会第五 次会议于 2024 年 10 月 28 日（星期一）以现场会议方式在公司会议室召开，会 议通知于 2024 年 10 月 24 日（星期四）以电子邮件的方式送达全体监事。本次 会议应参会监事 3 人，实际参会监事 3 人，现场出席会议的监事 3 人，会议由公 司监事会主席王忠诚先生召集并主持，本次会议的召集、召开和表决程序符合《中 华人民共和国公司法》等有关法律、行政法规、部门规章、规范性文件和《深圳 ...

关于使用部分闲置募集资金暂时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内容的真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 深圳市曼恩斯特科技股份有限公司（以下简称"公司"）于 2024 年 10 月 28 日召开第二届董事会第六次会议及第二届监事会第五次会议，审议通过了《关于 使用部分闲置募集资金暂时补充流动资金的议案》，同意在确保不影响募集资金 投资项目进度，并有效控制风险的前提下，公司使用不超过人民币 50,000.00 万 元闲置的募集资金暂时补充流动资金，使用期限为自董事会审议通过之日起不超 过 12 个月，公司将随时根据募集资金投资项目的进展及需求情况及时将补流的 募集资金归还至募集资金专用账户。具体内容如下： 证券代码：301325 证券简称：曼恩斯特 公告编号：2024-063 深圳市曼恩斯特科技股份有限公司 一、本次募集资金的基本情况 经中国证券监督管理委员会《关于同意深圳市曼恩斯特科技股份有限公司首 次公开发行股票注册的批复》（证监许可〔2023〕363 号）同意注册，公司首次 公开发行人民币普通股（A 股）股票 3,000.00 万股，每股面值 1 元，每股发行价 ...

证券代码：301325 证券简称：曼恩斯特 公告编号：2024-067 深圳市曼恩斯特科技股份有限公司 关于 2024 年前三季度计提资产减值准备的公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 一、公司计提资产减值准备的概况 二、本次计提资产减值准备的确认标准及计提方法 （一）应收款项计提减值准备的计提方法 不包含重大融资成分的应收款项，均采用简化方法，即始终按整个存续期预 期信用损失计量损失准备。根据金融工具的性质，本公司以单项金融资产或金融 资产组合为基础评估信用风险是否显著增加。本公司根据信用风险特征将应收票 据、应收账款划分为若干组合，在组合基础上计算预期信用损失，确定组合的依 据如下： 应收账款组合 1：账龄分析法组合 （一）本次计提资产减值准备的原因 根据《企业会计准则》《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， 深圳市曼恩斯特科技股份有限公司（以下简称"公司"）本着谨慎性原则，为真 实、准确地反映公司截止 2024 年 9 月 30 日的资产状况、财务状况及 ...

证券代码：301325 证券简称：曼恩斯特 公告编号：2024-065 深圳市曼恩斯特科技股份有限公司 关于第二期回购公司股份方案的公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 重要内容提示： 深圳市曼恩斯特科技股份有限公司（以下简称"公司"）拟使用自筹资金及 公司自有资金以集中竞价交易方式实施第二期回购公司 A 股股份（以下简称"本 次回购"），用于实施员工持股计划或者股权激励。 1、回购股份种类：人民币普通股（A 股）； 2、回购股份的用途：员工持股计划或股权激励； （1）本次回购股份的价格上限为 56.38 元/股，若未来资本市场发生重大变 化导致公司股票价格持续超出回购价格上限，进而导致本次回购方案无法顺利实 施或只能部分实施的风险； （2）本次回购股份将用于员工持股计划或股权激励，若未来员工持股计划 或股权激励计划未获董事会和股东会审议批准，或激励对象未达到行权/归属条 件或放弃认购，可能出现本次回购的股份无法在三年内全部授出而被注销的风险； 3、回购股份的价格：回购价格不超过人民币 56.38 元/股（含本数），该回 购价格上限未超过董事会 ...

证券代码：301325 证券简称：曼恩斯特 公告编号：2024-068 深圳市曼恩斯特科技股份有限公司 关于召开 2024 年第三次临时股东会的通知 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 深圳市曼恩斯特科技股份有限公司（以下简称"公司"）于 2024 年 10 月 28 日召开的第二届董事会第六次会议审议通过了《关于召开公司 2024 年第三次临 时股东会的议案》，决定于 2024 年 11 月 13 日（星期三）召开公司 2024 年第三 次临时股东会。现将相关情况公告如下： 一、召开会议的基本情况 1、股东会届次：2024 年第三次临时股东会 2、股东会的召集人：公司董事会 3、会议召开的合法、合规性：本次股东会的召开符合有关法律、行政法规、 部门规章、规范性文件和《深圳市曼恩斯特科技股份有限公司章程》的相关规定。 4、会议召开的日期、时间： （2）公司董事、监事和高级管理人员； （3）公司聘请的律师； （1）现场会议时间：2024 年 11 月 13 日（星期三）15:00 （2）网络投票时间：通过深圳证券交易所（以下简称"深交所"）交易系 统 ...