Investment Rating - The investment rating for the company is "Buy" and is maintained [6]. Core Views - The company reported a revenue of 810 million yuan in 2024, a year-on-year decrease of 14.62%, and a net profit attributable to shareholders of -33 million yuan, down 180.01% year-on-year. The non-recurring net profit was -57 million yuan, a decline of 660.77% [2][4]. - In Q4 2024, the company achieved a revenue of 245 million yuan, a year-on-year decrease of 1.08%, but a quarter-on-quarter increase of 19.56%. The net profit attributable to shareholders was -12 million yuan, and the non-recurring net profit was -13 million yuan [2][4]. - For Q1 2025, the company reported a revenue of 243 million yuan, a year-on-year increase of 80.92%, with a slight quarter-on-quarter decrease of 0.82%. The net profit attributable to shareholders turned positive at 7 million yuan, and the non-recurring net profit was 2 million yuan, indicating a turnaround [2][4]. Summary by Sections Financial Performance - The company experienced a significant drop in revenue and profits in 2024, with a total revenue of 810 million yuan and a net loss of 33 million yuan. The performance improved in Q1 2025, with a revenue of 243 million yuan and a net profit of 7 million yuan [2][4][10]. - The total shipment of negative electrode coating agents reached 60,500 tons in 2024, a year-on-year increase of 93.5%, maintaining a leading market share [10]. Production and Capacity - The production capacity for coating agents in 2024 was 70,000 tons, with a utilization rate of around 70%. The company is expanding its integrated production lines to enhance capacity and reduce costs [10]. - The average price of coating agents faced pressure in 2024, but the decline is expected to stabilize gradually [10]. Future Outlook - The company anticipates steady growth in 2025, driven by price recovery and an increase in the proportion of medium and high-temperature products. The integrated advantages from the Dalian base are expected to gradually manifest [10].

Core Viewpoint - Xinde New Materials has experienced a decline in stock price over the past seven trading days, with a cumulative drop of -5.65%. The company is a leading supplier of lithium battery anode coating materials and carbon-based new materials in the new energy materials sector [1]. Company Overview - Founded in November 2000, Xinde New Materials adheres to the corporate spirit of "Integrity and Virtue" and focuses on the new energy materials field [1]. - The company has established itself as a prominent player in the lithium battery anode coating materials market and is recognized for its carbon-based new materials [1]. Shareholder Activity - Two funds under China Merchants Fund have entered the top ten shareholders of Xinde New Materials. Specifically, China Merchants Industry Select Stock A increased its holdings in the first quarter of this year, while China Merchants Ruili Flexible Allocation Mixed (LOF) A made a new entry [1]. - China Merchants Industry Select Stock A has achieved a year-to-date return of 7.01%, ranking 278 out of 998 in its category, while China Merchants Ruili Flexible Allocation Mixed (LOF) A has a year-to-date return of 8.94%, ranking 268 out of 2303 [1]. Fund Manager Profile - The fund managers for China Merchants Industry Select Stock A and China Merchants Ruili Flexible Allocation Mixed (LOF) A are Lu Wenkai, who has extensive experience in the investment management field [4][5]. - Lu Wenkai holds a bachelor's degree in accounting from Tongji University and a master's degree in business administration from Shanghai University of Finance and Economics. His career includes roles at Deloitte, Shenyin Wanguo Securities, HSBC Jintrust Fund Management, and North Trust Fund Management [4][5].

Core Viewpoint - The legal opinion letter from Shanghai Jintiancheng Law Firm confirms that the 2024 annual general meeting of shareholders for Liaoning Xinde New Materials Technology (Group) Co., Ltd. was convened and conducted in accordance with relevant laws and regulations, ensuring the legitimacy of the meeting and its outcomes [2][4][6]. Group 1: Meeting Procedures - The meeting was convened on May 13, 2025, with proper notification published on designated websites and media [4][5]. - The actual time, location, and method of the meeting were consistent with the announced details, confirming compliance with legal requirements [6][8]. Group 2: Attendance and Qualifications - A total of 111 participants attended the meeting, representing 60,101,034 shares, which accounted for 59.5413% of the total voting shares [6][7]. - The qualifications of the attendees, including individual shareholders and their proxies, were verified, confirming their legitimacy [7][8]. Group 3: Voting Procedures and Results - The voting process was conducted through both on-site and online systems, with results compiled and verified by the law firm and other representatives [8][9]. - The resolutions were passed with significant support, including 75,520,849 votes in favor, representing a majority of the voting shares [9][10][11]. - The voting results from minority investors showed a high approval rate of 99.9474% for the resolutions presented [10][12]. Group 4: Conclusion - The law firm concluded that all aspects of the meeting, including the convening, attendance, and voting procedures, adhered to the relevant laws, regulations, and the company's articles of association, thus validating the legitimacy of the meeting and its resolutions [12][13].

为出具本法律意见书，本所律师对本次股东大会所涉及的有关事项进行了审 查，查阅了相关会议文件，并对有关问题进行了必要的核查和验证。 上海市锦天城律师事务所 法律意见书 上海市锦天城律师事务所 关于辽宁信德新材料科技（集团）股份有限公司 2024 年年度股东大会的 法律意见书 致：辽宁信德新材料科技（集团）股份有限公司 上海市锦天城律师事务所（以下简称本所）接受辽宁信德新材料科技（集团） 股份有限公司（以下简称公司）委托，根据《中华人民共和国公司法》（以下简 称《公司法》）、《中华人民共和国证券法》（以下简称《证券法》）、中国证券监督 管理委员会《上市公司股东会规则》（以下简称《股东会规则》）等法律法规、规 章、规范性文件以及《辽宁信德新材料科技（集团）股份有限公司章程》（以下 简称《公司章程》）的规定，指派律师出席了公司于 2025 年 5 月 13 日召开的 2024 年年度股东大会（以下简称本次股东大会），并就本次股东大会相关事项出具本 法律意见书。 公司已向本所保证，公司已向本所披露一切足以影响本法律意见书出具的事 实并提供了本所为出具本法律意见书所要求公司提供的原始书面材料、副本材料、 复印材料、承诺函 ...

证券代码：301349 证券简称：信德新材 公告编号：2025-028 本公司及董事会全体成员保证信息披露的内容真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 特别提示： 1、本次股东大会无增加、变更、否决提案的情况； 1、会议召开情况 （1）会议召开方式：辽宁信德新材料科技（集团）股份有限公司（以下简称 "公司"）2024年年度股东大会以现场会议与网络投票相结合的方式召开。 （2）会议召开时间和召开地点：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：2025年5月13日上午9:15-9:25，9:30-11:30，13:00-15:00； 通过深圳证券交易所互联网投票系统投票的具体时间为：2025年5月13日9:15至 15:00期间的任意时间。现场会议于2025年5月13日13:30在辽宁省大连长兴岛经 济区马咀路58号三楼会议室召开。 （3）会议召集人及主持人：本次会议由公司第二届董事会召集，并由董事长尹 洪涛先生主持。 （4）会议的召集、召开与表决程序符合《中华人民共和国公司法》和《辽宁信 德新材料科技（集团）股份有限公司章程》的相关规定。 2、会议出席情况 （1）股东出席的总体情况 ...

中信证券股份有限公司 关于辽宁信德新材料科技（集团）股份有限公司 2024 年度跟踪报告 | 保荐人名称：中信证券股份有限公司 | 被保荐公司简称：信德新材 | | --- | --- | | 保荐代表人姓名：邓俊 | 联系电话：13811962953 | | 保荐代表人姓名：李宁 | 联系电话：010-60838617 | 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 | | 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、 | 是 | | 募集资金管理制度、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 | 每月查询一次募集资金专户银行 | | | 对账单，2024 年共 12 次，此外针 ...

公司研究 信德新材（301349）2024 年报及 2025 年一季报点评 推荐（维持） 评论： 一季度扭亏为盈，业绩反转在即 目标价：40.30 元 事项： 证 券 研 究 报 告 [ReportFinancialIndex] 主要财务指标 | | 2024A | 2025E | 2026E | 2027E | | --- | --- | --- | --- | --- | | 营业总收入(百万) | 810 | 1,323 | 1,714 | 2,223 | | 同比增速(%) | -14.6% | 63.3% | 29.6% | 29.7% | | 归母净利润(百万) | -33 | 63 | 103 | 149 | | 同比增速(%) | -180.0% | 292.1% | 61.9% | 44.8% | | 每股盈利(元) | -0.32 | 0.62 | 1.01 | 1.46 | | 市盈率(倍) | -108 | 56 | 35 | 24 | | 市净率(倍) | 1.3 | 1.3 | 1.2 | 1.2 | 资料来源：公司公告，华创证券预测 注：股价为 2025 年 5 月 7 日收盘价 ...

公司研究 [ReportFinancialIndex] 主要财务指标 | | 2024A | 2025E | 2026E | 2027E | | --- | --- | --- | --- | --- | | 营业总收入(百万) | 810 | 1,323 | 1,714 | 2,223 | | 同比增速(%) | -14.6% | 63.3% | 29.6% | 29.7% | | 归母净利润(百万) | -33 | 63 | 103 | 149 | | 同比增速(%) | -180.0% | 292.1% | 61.9% | 44.8% | | 每股盈利(元) | -0.32 | 0.62 | 1.01 | 1.46 | | 市盈率(倍) | -108 | 56 | 35 | 24 | | 市净率(倍) | 1.3 | 1.3 | 1.2 | 1.2 | 资料来源：公司公告，华创证券预测 注：股价为 2025 年 5 月 7 日收盘价 锂电化学品 2025 年 05 月 08 日 | | | 证 券 研 究 报 告 信德新材（301349）2024 年报及 2025 年一季报点评 推荐（维持） 一季度扭亏 ...

辽宁信德新材料科技（集团）股份有限公司 投资者关系活动记录表 编号：2025-001 证券代码：301349 证券简称：信德新材 3、问：领导，您家的股票我买了快 3 年了 答：尊敬的投资者您好，感谢您对公司的支持！ 4、问：请问贵司对未来的发展趋势有什么新的规划？股价下 跌严重影响公司的形象 答：尊敬的投资者您好，公司作为一家集科技、工业为一体的 具备综合竞争能力的现代化新材料企业，持续深耕负极包覆材 料产业链，致力于将公司打造成为行业领先、品类丰富的碳基 新型材料供应商。公司股票价格受宏观经济、政策环境、市场 情绪等多种因素影响，具有不确定性，请投资者注意投资风险。 | 5、问：高管您好。请问贵公司本期财务报告中，盈利表现如 | | | | --- | --- | --- | | 何？谢谢。 | | | | 答：尊敬的投资者您好，公司 2024 年营业总收入为 8.10 | 亿元， | | | 同比下降 14.62%，归母净利润为-3304.17 万元，同比下降 | | | | 180.01%，公司具体经营业绩情况请您关注公司披露的定期报 | | | | 告。感谢您的关注！ | | | | 6、问：领导， ...

中信证券股份有限公司 关于辽宁信德新材料科技（集团）股份有限公司 2024 年度持续督导工作现场检查报告 | 1.是否建立了防止控股股东、实际控制人及其关联人直接或者间接 | √ | | | --- | --- | --- | | 占用上市公司资金或者其他资源的制度 | | | | 2.控股股东、实际控制人及其关联人是否不存在直接或者间接占用 | √ | | | 上市公司资金或者其他资源的情形 | | | | 3.关联交易的审议程序是否合规且履行了相应的信息披露义务 | | √ | | 4.关联交易价格是否公允 | | √ | | 5.是否不存在关联交易非关联化的情形 | | √ | | 6.对外担保审议程序是否合规且履行了相应的信息披露义务 | | √ | | 7.被担保方是否不存在财务状况恶化、到期不清偿被担保债务等情 | | √ | | 形 | | | | 8.被担保债务到期后如继续提供担保，是否重新履行了相应的审批 | | √ | | 程序和披露义务 | | | | （五）募集资金使用 | | | | 现场检查主要手段：实地查看经营场所，查阅同行业上市公司及市场信息，查阅公司定期报 | | | 3 | ...