证券代码：301398 证券简称：星源卓镁 公告编号：2025-047 宁波星源卓镁技术股份有限公司 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 宁波星源卓镁技术股份有限公司（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"或"会议"）通知于 2025 年 11 月 3 日以书面、 电子邮件、电话等形式发出，会议于 2025 年 11 月 4 日在公司四楼高层会议室以 现场表决方式召开。经全体监事一致同意，豁免本次会议的通知时限要求。本次 会议应出席的监事 3 人，实际出席的监事 3 人，会议由监事会主席龚春明先生主 持。本次会议的召集、召开和出席会议人数均符合有关法律、行政法规、部门规 章、规范性文件及《公司章程》的规定。本次会议通过了以下决议。 二、监事会会议审议情况 1 表决结果：3 票赞成，0 票反对，0 票弃权。 2、 发行规模 本次可转债总额为人民币45,000.00万元（含本数），发行数量为450万张。 表决结果：3 票赞成，0 票反对，0 票弃权。 3、 票面金额和 ...

宁波星源卓镁技术股份有限公司（以下简称"公司"）第三届董事会第十六 次会议（以下简称"本次会议"或"会议"）于 2025 年 11 月 4 日在公司四楼高 层会议室以现场结合通讯表决方式召开，会议通知于 2025 年 11 月 3 日以书面、 电子邮件、电话等方式发出。经全体董事一致同意，豁免本次会议的通知时限要 求。本次会议应参会董事 7 名，实际参会董事 7 名，公司监事、高级管理人员列 席会议，会议由董事长邱卓雄先生主持。本次会议的召集、召开和出席会议人数 均符合有关法律、行政法规、部门规章、规范性文件及《公司章程》的规定。经 与会董事认真审议，本次会议通过了以下决议。 二、董事会会议审议情况 （一） 审议通过《关于进一步明确公司向不特定对象发行可转换公司债券 方案的议案》 逐项审议通过了本次向不特定对象发行可转换公司债券（以下简称"可转 债"）的发行具体方案，主要内容如下： 证券代码：301398 证券简称：星源卓镁 公告编号：2025-046 宁波星源卓镁技术股份有限公司 第三届董事会第十六次会议决议公告 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 ...

Investment Rating - The investment rating for the company is "Buy" (maintained) [1] Core Insights - The company reported a revenue of 2.92 billion yuan for the first three quarters of 2025, representing a year-on-year increase of 1.48%. However, the net profit attributable to shareholders decreased by 19.63% year-on-year to 450 million yuan [7] - The company has a strong order backlog, with significant projects in the pipeline, including a convertible bond issuance aimed at raising up to 450 million yuan for a new magnesium alloy project [7] - The company is positioned as a leader in semi-solid technology and is expected to benefit from the growing trend of magnesium alloy applications [7] Financial Performance Summary - For 2023, the total revenue is projected at 352.22 million yuan, with a year-on-year growth of 30.16%. The net profit attributable to shareholders is expected to be 80.08 million yuan, reflecting a year-on-year increase of 42.42% [1] - The company's gross profit margin for Q1-Q3 2025 was 30.63%, down 3.09 percentage points year-on-year, while the net profit margin was 15.42%, down 4.05 percentage points year-on-year [7] - The company anticipates a significant increase in production capacity and profitability starting in 2026, following the ramp-up of new projects [7] Revenue and Profit Forecast - Revenue forecasts for 2025, 2026, and 2027 are 458.39 million yuan, 938.87 million yuan, and 1,296.86 million yuan, respectively, with corresponding growth rates of 12.19%, 104.82%, and 38.13% [1][8] - The net profit attributable to shareholders is forecasted to be 77.69 million yuan in 2025, with a slight decline of 3.28% year-on-year, followed by significant growth in subsequent years [1][8] Market Data - The closing price of the company's stock is 48.97 yuan, with a market capitalization of 5,484.64 million yuan [5] - The company has a price-to-earnings (P/E) ratio of 68.49 for 2023, which is expected to decrease to 23.88 by 2027 [1][8]

Core Viewpoint - Xingyuan Zhuomei (301398.SZ) reported a year-on-year revenue increase of 13.54% for the first three quarters of 2024, reaching 288 million yuan, while net profit attributable to shareholders decreased by 3.72% to 56.08 million yuan [1] Financial Performance - The company's revenue for the first three quarters was 288 million yuan, reflecting a year-on-year growth of 13.54% [1] - Net profit attributable to shareholders was 56.08 million yuan, showing a decrease of 3.72% compared to the previous year [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 51.17 million yuan, which is a slight decrease of 0.81% year-on-year [1] - Basic earnings per share stood at 0.701 yuan [1]

Core Viewpoint - Xingyuan Zhuomei (301398.SZ) reported a slight increase in revenue for the first three quarters of the year, but net profit has significantly declined compared to the previous year [1] Financial Performance - The company's operating revenue for the first three quarters reached 292 million yuan, representing a year-on-year growth of 1.48% [1] - The net profit attributable to shareholders of the listed company was 45.07 million yuan, showing a year-on-year decrease of 19.63% [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 40.46 million yuan, reflecting a year-on-year decline of 20.92% [1]

Core Viewpoint - Xingyuan Zhuomei (301398.SZ) reported a slight increase in revenue for the first three quarters of 2025, but a significant decline in net profit compared to the previous year [1] Financial Performance - The company's operating revenue for the first three quarters reached 292 million yuan, representing a year-on-year growth of 1.48% [1] - The net profit attributable to shareholders of the listed company was 45.0743 million yuan, showing a year-on-year decrease of 19.63% [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 40.4614 million yuan, down 20.92% year-on-year [1] - Basic earnings per share stood at 0.4024 yuan [1]

Group 1 - The company's Q3 revenue reached 109 million, representing a year-on-year increase of 3.93% [1] - The net profit for Q3 was 13.73 million, showing a year-on-year decline of 28.18% [1] - For the first three quarters, the total revenue was 292 million, reflecting a year-on-year growth of 1.48% [1] Group 2 - The net profit for the first three quarters amounted to 45.07 million, which is a year-on-year decrease of 19.63% [1]

Financial Performance - Q3 2025 revenue reached ¥108,693,420.04, an increase of 3.93% year-over-year, while year-to-date revenue was ¥292,264,515.38, up 1.48%[5] - Net profit attributable to shareholders was ¥13,732,330.18, down 28.18% compared to the same period last year, and year-to-date net profit was ¥45,074,284.96, a decrease of 19.63%[5] - Basic and diluted earnings per share for the quarter were both ¥0.1226, reflecting a decline of 28.18% year-over-year, with year-to-date earnings per share at ¥0.4024, down 19.63%[5] - Total operating revenue for Q3 2025 reached CNY 292.26 million, a slight increase from CNY 287.99 million in the same period last year, representing a growth of approximately 0.9%[21] - Net profit for the period was CNY 45.07 million, down from CNY 56.08 million, reflecting a decrease of approximately 19.6%[22] - Total comprehensive income amounted to CNY 45,456,577.47, a decrease from CNY 56,707,597.32 in the previous period, reflecting a decline of approximately 20.0%[23] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,299,275,257.26, representing a 3.79% increase from the end of the previous year[5] - The total assets of the company amounted to CNY 1.30 billion, up from CNY 1.25 billion, showing a growth of approximately 3.9%[19] - The total liabilities increased to CNY 177.47 million from CNY 145.19 million, representing an increase of about 22.2%[19] Cash Flow - Cash flow from operating activities for the year-to-date was ¥54,781,954.78, showing a slight decrease of 0.61%[5] - Cash inflow from operating activities totaled CNY 294,054,463.77, slightly up from CNY 291,474,292.72, representing an increase of approximately 0.6%[24] - Net cash flow from operating activities was CNY 54,781,954.78, a minor decrease from CNY 55,117,050.54, showing a decline of about 0.6%[25] - The net cash flow from investment activities improved by 84.48%, with a net outflow of ¥71,167,114.73 compared to a much larger outflow in the previous period[14] - Cash inflow from investment activities was CNY 1,046,056,901.26, significantly higher than CNY 663,028,014.33, marking an increase of approximately 58.0%[25] - Net cash flow from investment activities was -CNY 71,167,114.73, an improvement from -CNY 458,601,713.24, indicating a reduction in cash outflow by about 84.5%[25] Shareholder Information - The total number of common shareholders at the end of the reporting period is 15,864, with no preferred shareholders having restored voting rights[15] - The largest shareholder, Ningbo Yuanxing Xiong Holdings Co., Ltd., holds 60.41% of shares, totaling 67,662,000 shares[15] - The top ten shareholders collectively hold a significant portion of the company's equity, with the top three shareholders alone accounting for 67.13%[15] - The total number of shares held by the top ten unrestricted shareholders is 1,000,000 shares, with the largest unrestricted shareholder holding 457,116 shares[15] Expenses - Total operating costs increased to CNY 245.53 million from CNY 229.51 million, marking an increase of about 7%[21] - Research and development expenses rose to CNY 18.04 million, compared to CNY 15.01 million, indicating an increase of about 20.1%[22] Government Support - The company received government subsidies amounting to ¥226,601.90 during the reporting period, contributing to its financial performance[7] Other Financial Metrics - The company’s weighted average return on equity was 1.23%, down 0.55% from the previous year[5] - The company's cash and cash equivalents decreased from ¥219,312,574.00 at the beginning of the period to ¥168,361,097.71 at the end[17] - The accounts receivable decreased from ¥188,938,332.16 to ¥166,188,715.81 during the reporting period[17] - The trading financial assets decreased from ¥225,450,095.90 to ¥175,254,039.94[17] - The company reported a financial income of CNY 4.37 million, down from CNY 5.24 million, reflecting a decrease of about 16.5%[22] - Deferred income tax assets increased to CNY 9.28 million from CNY 7.57 million, marking an increase of approximately 22.6%[19] - The company reported a cash outflow of CNY 30,076,461.04 from financing activities, slightly higher than CNY 28,000,000.00, indicating an increase of about 7.4%[25] - The company received CNY 6,150,756.95 in tax refunds, up from CNY 3,212,401.28, representing an increase of approximately 91.1%[24] - The company’s cash flow from sales of goods and services was CNY 269,669,409.26, down from CNY 279,992,853.63, reflecting a decrease of about 3.9%[24]

Group 1 - The core point of the article is that Ningbo Xingyuan Zhuomei Technology Co., Ltd. has received approval from the China Securities Regulatory Commission (CSRC) to issue convertible bonds to unspecified objects, which is a significant step for the company's financing strategy [2][3]. - On October 15, 2025, the stock price of Xingyuan Zhuomei closed at 49.04 yuan, reflecting an increase of 2.64% with a turnover rate of 4.97% and a trading volume of 16,600 shares, resulting in a transaction amount of 80.57 million yuan [1]. - The net inflow of funds on October 15 included 456,700 yuan from retail investors, while institutional funds saw a net inflow of 45,670 yuan and a net outflow of 506,140 yuan from speculative funds [2][3]. Group 2 - The CSRC's approval for the issuance of convertible bonds is valid for 12 months from the date of approval, and the company must adhere to the regulations and report any significant events to the Shenzhen Stock Exchange during this period [2]. - The company's board of directors will handle the issuance process in accordance with the approved documents and relevant laws, ensuring timely information disclosure [2].

Core Points - The stock of Xingyuan Zhuomei (301398) closed at 49.04 yuan on October 15, 2025, marking a 2.64% increase from the previous trading day, with a total market capitalization of 5.492 billion yuan [1] - The company announced that it received approval from the China Securities Regulatory Commission (CSRC) for the issuance of convertible bonds to unspecified investors, with the approval valid for 12 months from the date of consent [1] - The company is required to adhere to the submitted application documents and issuance plan, and must report any significant events to the Shenzhen Stock Exchange during the issuance process [1] Company Summary - Xingyuan Zhuomei's stock opened at 47.69 yuan, reached a high of 49.18 yuan, and a low of 47.5 yuan on the same day, with a trading volume of 80.5702 million yuan and a turnover rate of 4.97% [1] - The board of directors will handle the issuance matters within the specified timeframe and fulfill information disclosure obligations as per the approval documents and relevant regulations [1]