证券代码：301538 证券简称：骏鼎达 公告编号：2025-024 深圳市骏鼎达新材料股份有限公司 关于披露简式权益变动报告书的提示性公告 股东深圳市红土智能股权投资基金合伙企业（有限合伙）及其关联方深 圳市创新投资集团有限公司保证向本公司提供的信息内容真实、准确、完整， 没有虚假记载、误导性陈述或重大遗漏。 本公司及董事会全体成员保证公告内容与信息披露义务人提供的信息一 致。 特别提示： 1、本次权益变动为股东主动减持，权益变动后，公司股东深圳市红土智能 股权投资基金合伙企业（有限合伙）（以下简称"红土智能"）、深圳市创新投资 集团有限公司（以下简称"深创投"）合计持有深圳市骏鼎达新材料股份有限公 司（以下简称"公司"）股份比例降至 5%以下，不再是公司持股 5%以上的股东。 2、本次权益变动不涉及公司控股股东、实际控制人，不会导致公司控股股 东及实际控制人发生变化，不会对公司持续经营产生重大影响。 3、本次权益变动性质为股份减少，不触及要约收购。 公司于近日收到股东红土智能及其关联方深创投出具的《简式权益变动报告 书》，自 2024 年 3 月 19 日（公司披露《首次公开发行股票并在创业板上市之上 市 ...

深圳市骏鼎达新材料股份有限公司 简式权益变动报告书 上市公司的名称：深圳市骏鼎达新材料股份有限公司 股票上市地点：深圳证券交易所 股票简称：骏鼎达 股票代码：301538 信息披露义务人 1 的名称：深圳市红土智能股权投资基金合伙企业（有限合 伙） 住所和通讯地址：深圳市宝安区新安街道海滨社区宝兴路 6 号海纳百川总部 大厦 A 座 5 层 信息披露义务人 2 的名称：深圳市创新投资集团有限公司 住所和通讯地址：深圳市南山区粤海街道海珠社区海德三道 1066 号深创投 广场 5201 股份变动性质：股份减少（持股比例下降至 5%） 签署日期：2025 年 7 月 16 日 1 信息披露义务人声明 一、信息披露义务人根据《中华人民共和国证券法》（以下简称"《证券法》"） 《上市公司收购管理办法》（以下简称"《收购办法》"）《公开发行证券的公司 信息披露内容与格式准则第 15 号—权益变动报告书》（以下简称《准则 " 15 号》"） 等法律、法规和规范性文件编写本报告书。 | 第一节 | 释义 4 | | --- | --- | | 第二节 | 信息披露义务人介绍 5 | | 第三节 | 权益变动目的和计划 9 ...

Group 1: Institutional Research Highlights - The top twenty companies with the most institutional research in the past 30 days include Ice Wheel Environment, Boshi Jie's, Jun Ding Da, Huichuan Technology, and Dazhu Laser[5] - In the last five days, the most researched companies include Hu Dian Co., Guilin Sanjin, Ice Wheel Environment, Mankalon, and Xingrong Environment[5] - Among the top twenty companies in the past 30 days, five had ten or more rating agencies, namely Ice Wheel Environment, Boshi Jie's, Jun Ding Da, Huichuan Technology, and Dazhu Laser[5] Group 2: Shareholder Increase and Buyback Situations - From June 30 to July 4, 2025, two companies announced significant shareholder increases, both having ten or more rating agencies: Renfu Pharmaceutical and Suzhou Bank[7] - From January 1 to July 4, 2025, 234 companies announced shareholder increases, with 64 having ten or more rating agencies[24] - In the same period, 288 companies announced buyback progress, with 78 having ten or more rating agencies, including Xiamen Xiangyu, Huafa Shares, Changhong Meiling, Pingmei Shares, and Mengbaihe[28] Group 3: Financial Metrics and Recommendations - The average expected buyback amount as a percentage of the market value on the announcement date exceeded 1% for companies like Xiamen Xiangyu (6.42%), Huafa Shares (3.21%), and Changhong Meiling (3.03%)[29] - For the year 2025, 1,573 companies announced buyback progress, with 345 having ten or more rating agencies, and 93 companies had a buyback amount exceeding 1% of their market value[30]

Group 1: Institutional Research on Popular Companies - The top twenty companies with the highest number of institutional research in the past 30 days include Ice Wheel Environment, Boshi Jie, Jun Ding Da, Huichuan Technology, and Dazhu Laser [2][8] - In the last five days, the most researched companies are Hu Dian Co., Guilin Sanjin, Ice Wheel Environment, Mankalon, and Xingrong Environment [2][8] - Among the top twenty companies in the past 30 days, five have received ratings from ten or more institutions, namely Ice Wheel Environment, Boshi Jie, Jun Ding Da, Huichuan Technology, and Dazhu Laser [2][8] - Jun Ding Da and Dazhu Laser are expected to achieve significant growth in net profit attributable to shareholders in 2024 compared to 2023 [2][8] Group 2: Shareholder Increase in A-Share Listed Companies - From June 30 to July 4, 2025, two companies announced significant shareholder increases, both rated by ten or more institutions: Renfu Pharmaceutical and Suzhou Bank [3][12] - From January 1 to July 4, 2025, a total of 234 companies announced shareholder increases, with 64 rated by ten or more institutions. Among these, 19 companies have proposed increases where the average proposed amount exceeds 1% of the market value on the announcement date [3][12][14] Group 3: A-Share Buyback Situation - From June 30 to July 4, 2025, 288 companies announced buyback progress, with 78 rated by ten or more institutions. Companies with an expected buyback amount exceeding 1% of the market value include Xiamen Xiangyu, Huafa Co., Changhong Meiling, Pingmei Co., and Mengbaihe [3][16] - From January 1 to July 4, 2025, 1,573 companies announced buyback progress, with 345 rated by ten or more institutions. Among these, 93 companies have a significant buyback ratio, and several are in the board proposal stage, including Changhong Meiling, Liugong, Sanor Biotech, and others [3][18]

Group 1: Company Performance - In 2024, the company achieved a revenue of 865 million yuan, a year-on-year increase of 34.3% [2] - The net profit for 2024 was 176 million yuan, reflecting a growth of 26.01% compared to 2023 [2] - For Q1 2025, the company reported a revenue of 229 million yuan, up 39% year-on-year, with a net profit of 47 million yuan, a growth of 3.24% [2] Group 2: Market and Product Applications - The company's products are used in various industries, including automotive, telecommunications, engineering machinery, rail transportation, aerospace, photovoltaic, energy storage, medical, and wind power [3] - The market for the company's products is broad, but precise estimates of market capacity are challenging due to diverse application scenarios and varying usage amounts [3] Group 3: Competitive Landscape - The market for functional protective sleeves is fragmented, with competition from multinational companies, domestic leaders, and small-scale producers [3] - Multinational companies hold a significant market share and are the main competitors, while domestic companies generally lag in technology investment and product quality [3] Group 4: Financial Metrics and Ratios - The accounts receivable turnover days for 2024 were 132.27 days [4] - The company’s raw material costs accounted for 63.83% of the main business costs in 2024, influenced by fluctuations in oil and copper prices [5] Group 5: Revenue Sources and Growth Drivers - Revenue growth in 2024 was driven by various sectors, with the automotive industry contributing a 42.51% increase and telecommunications contributing a 40.63% increase [5] - The company generated approximately 172 million yuan from overseas markets in 2024, accounting for 19.91% of total revenue, marking an 11.52% increase from 2023 [5] Group 6: Future Plans and Innovations - The company is actively exploring new markets, including aerospace, wind power, and medical sectors, with a focus on developing products for emerging industries [3][7] - Plans for establishing subsidiaries in Morocco and Mexico are underway to enhance market presence and production capabilities [6]

Financial Performance - The company achieved a revenue of 865 million yuan in 2024, representing a year-on-year growth of 34.30% [2] - The net profit for 2024 was 176 million yuan, with a year-on-year increase of 26.01% [2] - In Q1 2025, the revenue reached 229 million yuan, showing a growth of 39.00% compared to the same period last year [2] - The net profit for Q1 2025 was 47 million yuan, an increase of 3.24% year-on-year [14] Revenue Sources - Revenue from the automotive sector accounted for 65.60% of total revenue in 2024 [3] - The medical sector generated nearly 3 million yuan in revenue in 2024, indicating growth from 2023, but still represents a low proportion of total revenue [4] - Sales revenue from the U.S. region was approximately 50.92 million yuan, making up 5.91% of the main business revenue in 2024 [7] Market Expansion and Strategy - The company is focusing on expanding into the medical industry, with a dedicated subsidiary that has obtained quality management system certification [4] - Plans for capacity enhancement include new production sites and potential investments in Morocco [5][9] - The company is exploring opportunities in emerging markets such as low-altitude economy and humanoid robots, with ongoing R&D efforts [11] Competitive Landscape - The industry is characterized by a fragmented competitive landscape, with numerous players ranging from multinational corporations to smaller domestic firms [10] - The company has established significant technical and qualification barriers, enhancing its competitive edge [6][7] Operational Insights - The total operational area of the main subsidiaries is approximately 115,000 square meters [5] - As of the end of 2024, the company employed 110 R&D personnel, accounting for 11.5% of the total workforce [12] - The first major customer contributed sales of approximately 154.24 million yuan, representing 17.84% of total annual sales [7] Future Outlook - The company is actively assessing the feasibility of establishing sales and production facilities in Southeast Asia [13] - There are plans to continue investor relations activities to maintain communication with stakeholders [14]

Financial Performance - The company achieved a revenue of 8.65 billion yuan in 2024, representing a year-on-year growth of 34.30%. The net profit was 1.76 billion yuan, with a growth of 26.01% [2] - In Q1 2025, the company reported a revenue of 2.29 billion yuan, a year-on-year increase of 39.00%, and a net profit of 0.47 billion yuan [2] Market Expansion - The company has seen continuous revenue growth in key sectors such as automotive, communications electronics, rail transportation, and engineering machinery [3] - The first major customer contributed sales of 154,242,728.25 yuan, accounting for 17.84% of the annual sales total in 2024 [7] - Sales revenue from the U.S. region was 50,918,781.73 yuan, making up 5.91% of the main business income in 2024 [12] Production and Capacity - The company operates three major production bases in Dongguan, Jiangmen, and Suzhou, with a total operational area of approximately 115,000 square meters [5] - The company maintains a good order backlog and production capacity utilization [11] Competitive Advantages - The company has established significant technical and process barriers, with over 20 years of development leading to strong R&D capabilities [6] - It has passed stringent supplier audits, allowing it to build relationships with high-quality clients and enter various supply chains [6] - The company has a workforce of 110 R&D personnel, representing 11.5% of total employees, organized into specialized teams [12] Future Outlook - The company is actively exploring new markets, including low-altitude economy sectors such as flying cars and drones, and is in the early stages of product development for these applications [10] - Plans for a subsidiary in Morocco are underway, with an expected total investment of no more than 1 billion yuan [10]

Financial Performance - The company achieved a revenue of 865 million yuan in 2024, representing a year-on-year growth of 34.30% [2] - The net profit for 2024 was 176 million yuan, with a year-on-year increase of 26.01% [2] - From 2019 to 2024, the company has maintained a compound annual growth rate (CAGR) of approximately 25% in both revenue and net profit [2] Market Segments - Revenue from the automotive, communications electronics, rail transit, and engineering machinery sectors has continued to grow in 2024 [3] - The first major customer contributed sales of 154,242,728.25 yuan, accounting for 17.84% of the annual sales total [3] - Sales revenue from the U.S. region in 2024 was 50,918,781.73 yuan, representing 5.91% of the main business income [4] Competitive Landscape - The industry is characterized by a fragmented competitive landscape with numerous players, including multinational corporations and domestic leaders [4] - The company faces competition primarily from technologically advanced multinational companies and leading domestic firms [4] Barriers to Entry - The company has established significant technical and process barriers due to its expertise in polymer modified protective materials [5] - Certification barriers exist as the company has passed stringent supplier audits, allowing access to high-quality clients [5] - Scale barriers are evident as the company has a diverse product range and a strong technical foundation [5] Production Capacity - The company operates major production bases in Dongguan, Jiangmen, and Suzhou, with a total operational area of approximately 115,000 square meters [6][7] - Additional smaller production bases are located in Shenzhen, Wuhan, Chongqing, and Mexico [7] Future Outlook - The company is exploring applications in emerging fields such as low-altitude economy and humanoid robots, although these areas are not expected to significantly impact current operations [6] - The company is actively seeking to expand its market share and product applications [7]

Group 1: Company Overview and Market Focus - The company is focusing on emerging fields such as low-altitude economy, humanoid robots, and flying cars, with ongoing product development in these areas [2][3] - The company’s main products include functional protective casings, which cater to various industries including automotive, communications electronics, rail transportation, and engineering machinery [3][4] Group 2: Financial Performance - In 2024, revenue from automotive industry clients reached 567 million yuan, accounting for 65.60% of total revenue, with a year-on-year growth of 42.51% [4][5] - Revenue from the new energy vehicle sector increased by 72.61% compared to the previous year [4][5] - The company’s first major client contributed 154,242,728.25 yuan, representing 17.84% of total annual sales [5] Group 3: Production and Capacity Expansion - The company operates three major production bases with a combined area of approximately 11.5 million square meters [4] - Plans for capacity expansion include projects in East China and Morocco, with total investment in the Moroccan subsidiary expected to be no more than 1 billion yuan [4][5] Group 4: Research and Development - As of December 31, 2024, the company employed 110 R&D personnel, making up 11.5% of the total workforce [5] - The R&D department is divided into material groups, product and project groups, process groups, and laboratories [5] Group 5: Market Risks and Future Outlook - The company acknowledges uncertainties in its research areas, which may not significantly impact overall performance [3] - Investors are advised to remain aware of potential risks associated with future plans and projections [5]

Summary of the Conference Call for Jun Ding Da Company Overview - Jun Ding Da specializes in functional protective sleeves, providing safety protection for wire harnesses and fluid pipelines through a vertically integrated production system utilizing functional monofilament self-supply technology [2][3][6] - The company has maintained a compound annual growth rate (CAGR) of approximately 25% in revenue and net profit over the past five years [5][12] Financial Performance - For 2024, Jun Ding Da's revenue is projected to reach 865 million yuan, a year-on-year increase of 34%, with net profit expected to grow by 26% [2][5] - The average return on equity is close to 20%, with gross margins maintained between 40% and 45%, and net margins around 20% [2][5] - In Q1 2025, revenue was approximately 229 million yuan, a 39% increase year-on-year, although net profit growth slightly declined due to depreciation impacts from new factories [13] Investment Logic and Market Position - The investment logic includes high barriers to entry in the domestic market for functional protective sleeves, with significant room for market share growth as current domestic market share is below 10% [6][21] - The company is expanding globally to mitigate tariff uncertainties, having established production in Mexico and planning a factory in Morocco to serve North American and European clients [2][7][24][25] - Jun Ding Da's order fulfillment is robust, with high capacity utilization and a light asset model facilitating rapid expansion [6] Product and Market Dynamics - The main products include extruded, woven, textile, and composite sleeves, which are essential for automotive and rail transportation applications [3][14] - The automotive sector is a significant market, with the company’s revenue from this sector increasing from 50% to approximately 66% from 2021 to 2024, particularly benefiting from the growth of new energy vehicles [14][18] - The demand for functional protective sleeves in the automotive industry is driven by the complexity of fuel vehicles and the additional systems in new energy vehicles [17] Competitive Landscape - The domestic market for functional protective sleeves is divided into three tiers, with Jun Ding Da positioned in the second tier, competing against leading multinational companies [21][22] - The company has a competitive edge due to its technological capabilities and cost advantages, allowing it to capture market share from both domestic and international competitors [22] Future Growth and Risks - Revenue projections for 2024-2026 are 1.055 billion, 1.285 billion, and 1.539 billion yuan, with corresponding net profits of 214 million, 273 million, and 336 million yuan [30] - Risks include fluctuations in raw material prices, international trade tensions, market competition, and demand volatility [30] Conclusion - Jun Ding Da is positioned for steady growth with a strong financial foundation, competitive advantages in technology and cost, and a proactive approach to market expansion. The company is recommended for investment based on its favorable valuation and growth prospects [9][30]