Group 1 - The core point of the article is that Kema Technology (301611) announced a profit forecast for 2024, expecting a net profit of 302 million to 312 million yuan, representing a year-on-year growth of 268.92% to 281.14% [1] Group 2 - Kema Technology's stock closed at 58.81 yuan, down 1.49%, with a turnover rate of 8.77% and a trading volume of 293 million yuan, showing a decline of 2.89% over the past five days [1] Group 3 - A statistical analysis of stocks with profit forecasts exceeding 50% indicates that 66.10% of these stocks experienced price increases on the day of the announcement, with 25 companies hitting the daily limit up [1] - Over a five-day period following the announcement, 73.58% of these stocks saw price increases [1]

Financial Projections - The company's revenue for 2024 is projected to be between 840 million and 860 million yuan, representing a year-on-year growth of 74.83% to 79.00% compared to 480.45 million yuan in the previous year[4]. - Net profit attributable to shareholders is expected to be between 302 million and 312 million yuan, indicating a significant increase of 268.92% to 281.14% from 81.86 million yuan in the same period last year[4]. - The net profit after deducting non-recurring gains and losses is forecasted to be between 294 million and 304 million yuan, reflecting a growth of 278.43% to 291.30% compared to 77.69 million yuan last year[4]. Performance Drivers - The substantial growth in performance is attributed to the domestic replacement of ceramic heaters for semiconductor equipment, addressing critical component shortages in the industry[6]. - Increased global semiconductor capital expenditure and rising downstream demand have led to a rapid growth in procurement from major semiconductor equipment manufacturers, boosting sales revenue of advanced ceramic components[7]. R&D Investments - The company has intensified its R&D investments, focusing on the development of ceramic heaters, electrostatic chucks, and ultra-pure silicon carbide kits, among other key products[7].

Investment Rating - The investment rating for the company is "Buy" and is maintained [1] Core Insights - The company has achieved a revenue CAGR of over 28% from 2019 to 2023, driven by advanced ceramic components and semiconductor equipment surface treatment services [7][20] - The company focuses on the research and development of ceramic heaters, electrostatic chucks, and ultra-pure silicon carbide kits, with a global market demand exceeding 10 billion yuan, indicating significant potential for domestic substitution [7][40] - The surface treatment market for semiconductor equipment parts in China is projected to reach 7.5 billion yuan by 2026, with the company concentrating on the display panel sector and gradually establishing semiconductor surface treatment capacity [7][84] Summary by Sections Business Overview - The company primarily engages in the R&D, manufacturing, sales, and service of advanced ceramic components and surface treatment for semiconductor equipment, with a strong foundation in materials such as alumina, zirconia, aluminum nitride, silicon carbide, yttrium oxide, and titanium oxide [7][20] - The revenue from advanced ceramic components and surface treatment services has shown robust growth, with the latest quarterly revenue reaching 620 million yuan, of which 550 million yuan came from ceramic components [7][20] Financial Performance - The company forecasts revenues of 852 million yuan, 1.105 billion yuan, and 1.412 billion yuan for 2024, 2025, and 2026 respectively, with corresponding net profits of 317 million yuan, 426 million yuan, and 565 million yuan [8][109] - The projected P/E ratios for 2024, 2025, and 2026 are 83.28, 61.94, and 46.74 respectively, indicating a strong growth outlook [8][109] Market Position - The company is a leading domestic supplier of advanced ceramic components for semiconductor equipment, serving major manufacturers such as North Huachuang, Zhongwei Company, and Shanghai Microelectronics [7][40] - The global market demand for ceramic heaters, electrostatic chucks, and ultra-pure silicon carbide kits is estimated to be between 4.2 billion to 5.7 billion yuan, 3.6 billion to 4.2 billion yuan, and 1.5 billion to 1.9 billion yuan respectively [7][108] R&D and Product Development - The company is focused on enhancing its product offerings in advanced ceramics, particularly in high-value modules such as ceramic heaters and electrostatic chucks, while also exploring new materials like titanium oxide and ultra-pure silicon carbide [7][82] - The company has developed over 13,000 customized components since 2019, showcasing its strong R&D capabilities [67] Surface Treatment Services - The company provides surface treatment services that are critical for maintaining the cleanliness and performance of semiconductor equipment, with a significant portion of its revenue derived from this segment [86][100] - The surface treatment market is expected to grow alongside investments in semiconductor and display panel manufacturing, with the company aiming to capture a larger share of this market [91][100]

苏州珂玛材料科技股份有限公司 第二届监事会第十一次会议决议公告 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、 监事会召开情况 苏州珂玛材料科技股份有限公司（以下简称"公司"）第二届监事会第十一次会 议（以下简称"会议"）通知于 2025 年 1 月 7 日通过邮件方式发出，会议于 2025 年 1 月 13 日在江苏省苏州市虎丘区漓江路 58 号 6#厂房东以现场方式举行。会议应出席 监事 3 人，实际出席监事 3 人（公司 3 名监事张金霞、田学超、李军军全部出席了本 次会议）。本次会议的召开符合相关法律法规和《公司章程》的规定。 证券代码：301611 证券简称：珂玛科技 公告编号：2025-003 为确保监事会的正常运行，在新一届监事会监事就任前，公司第二届监事会监 事仍将继续依照法律、行政法规、规范性文件和《公司章程》的规定，忠实、勤勉 地履行董事义务和职责。 具体内容详见公司披露于巨潮资讯网（www.cninfo.com.cn）的《关于董事会、 监事会换届选举的公告》。 三、 备查文件 本次会议由监事会主席张金霞召集并主持，会议审议并以现场记 ...

苏州珂玛材料科技股份有限公司（以下简称"公司"）于 2025 年 1 月 13 日召开 第二届董事会第十五次会议，审议通过了《关于召开 2025 年第一次临时股东大会的 议案》，公司决定于 2025 年 2 月 11 日召开 2025 年第一次临时股东大会（以下简称 "股东大会"），根据有关规定，现将本次会议的有关事项通知如下： 一、 召开会议的基本情况 1、股东大会届次：2025 年第一次临时股东大会； 2、股东大会的召集人：公司董事会； 证券代码：301611 证券简称：珂玛科技 公告编号：2025-004 苏州珂玛材料科技股份有限公司 关于召开 2025 年第一次临时股东大会通知的公告 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。 6、会议的股权登记日：2025 年 2 月 5 日（星期三）； 7、会议出席对象： （1）截至股权登记日下午收市时在中国证券登记结算有限责任公司深圳分公司 登记在册的公司全体股东。上述公司全体股东均有权出席本次股东大会，不能亲自 出席会议的股东可以书面形式委托代理人出席并参加表决，代理人不必是本公司的 股东； （2）公司董事 ...

证券代码：301611 证券简称：珂玛科技 公告编号：2025-002 苏州珂玛材料科技股份有限公司 第二届董事会第十五次会议决议公告 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。 一、 董事会召开情况 苏州珂玛材料科技股份有限公司（以下简称"公司"）第二届董事会第十五次会 议（以下简称"会议"）通知于 2025 年 1 月 7 日通过邮件方式发出，会议于 2025 年 1 月 13 日在江苏省苏州市虎丘区漓江路 58 号 6#厂房东以现场结合通讯方式举行。会 议应出席董事 7 人，实际出席董事 7 人（其中董事胡文先生、独立董事 RONG YIMING 先生、范春仙女士、徐冬梅女士以通讯表决方式审议表决），公司监事、高 级管理人员列席了会议。本次会议的召开符合相关法律法规和《公司章程》的规定。 本次会议由董事长刘先兵召集并主持，会议审议并以现场及在线记名投票表决 的方式通过各项议案，会议一致形成如下决议。 二、 董事会会议审议情况 （一）逐项审议通过《关于公司董事会换届选举暨提名第三届董事会非独立董 事候选人的议案》 议案 1.2《关于提名胡文为公司第三届 ...

Investment Rating - The report assigns a "Buy" rating for the company, marking its first coverage [7]. Core Insights - The company, Kema Technology, is positioned as a leading domestic supplier of advanced ceramic components for semiconductor equipment, focusing on the accelerated localization of these materials [9][12]. - The company has achieved significant market penetration, holding approximately 14% of the total procurement scale for advanced structural ceramics in domestic semiconductor equipment, and about 72% among local suppliers [9]. - The ceramic heater product line is expected to see accelerated volume production starting in 2024, contributing to revenue growth [11]. Financial Overview - The total share capital is 4.36 billion shares, with a circulating share capital of 0.56 billion shares [2]. - The total market capitalization is 29.8 billion yuan, with a circulating market value of 3.8 billion yuan [3]. - The company reported a revenue of 620 million yuan for the first three quarters of 2024, with ceramic components accounting for 550 million yuan [11]. - Projected revenues for 2024, 2025, and 2026 are expected to be 810 million yuan, 1.061 billion yuan, and 1.307 billion yuan respectively, with corresponding net profits of 292 million yuan, 412 million yuan, and 530 million yuan [12][14]. - The company’s earnings per share (EPS) are projected to be 0.67 yuan, 0.94 yuan, and 1.22 yuan for the years 2024, 2025, and 2026 respectively [14]. Market Position and Growth Potential - The global market for advanced structural ceramics in semiconductors was valued at 25.8 billion yuan in 2021, with expectations for long-term growth driven by increasing semiconductor equipment investments [9]. - The company has established itself as a key supplier for major domestic semiconductor manufacturers, ensuring supply chain security for China's semiconductor industry [9]. - The surface treatment business has shown stable growth, with a market share of approximately 6% in the mainland display panel surface treatment market [11].

Investment Rating - The report indicates a strong investment opportunity for Kema Technology, highlighting its unique position as a domestic supplier in the semiconductor ceramic materials sector [7][11]. Core Insights - Kema Technology has demonstrated impressive financial performance, with a 95.1% year-on-year revenue increase in Q3, reaching 230 million yuan, and a 275.6% increase in net profit to 86.66 million yuan [1][2]. - The company is a leading domestic supplier of advanced ceramic materials, particularly in the semiconductor sector, which accounted for nearly half of its revenue in 2023 [7][11]. - Kema Technology's gross margin has significantly improved, increasing by nearly 20 percentage points, indicating high-quality growth [3][11]. - The company has established itself as a key player in the domestic market for ceramic heaters, with a market share of 72% among domestic suppliers of advanced structural ceramics [10][11]. - The report emphasizes the company's commitment to R&D, with a focus on developing new products such as electrostatic chucks and ultra-pure silicon carbide kits, which are expected to contribute to future growth [12][19]. Summary by Sections Financial Performance - In the first three quarters of 2023, Kema Technology's cumulative revenue reached 620 million yuan, a 74.6% increase year-on-year, with net profit growth of 295.4% to nearly 230 million yuan [1][2][39]. - The company announced a dividend of 43.6 million yuan for Q3, representing nearly 20% of its net profit for the first three quarters, reflecting its commitment to shareholder returns [37][40]. Market Position - Kema Technology is the exclusive domestic supplier of ceramic heaters, which are critical components in semiconductor manufacturing, addressing a significant market need [11][15]. - The domestic market for ceramic heaters is estimated to be between 1 to 1.3 billion yuan, with global market potential ranging from 4.2 to 5.7 billion yuan, indicating substantial growth opportunities [12][15]. R&D and Innovation - The company has invested heavily in R&D, with a focus on advanced ceramic powder processing and precision machining technologies, holding 78 domestic patents [17][19]. - Kema Technology's products have reached international mainstream levels in performance, with some indicators approaching global leading standards [28][30]. Product Development - The company is actively developing new products, including electrostatic chucks and ultra-pure silicon carbide kits, which are expected to enhance its market offerings and competitive edge [12][19]. - Kema Technology has successfully transitioned several products to mass production, including various models of ceramic heaters and electrostatic chucks, further solidifying its market position [11][15].

证券代码：301611 证券简称：珂玛科技 公告编号：2024-022 苏州珂玛材料科技股份有限公司 2024 年第三季度权益分派实施公告 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。 【注：根据先进先出的原则，以投资者证券账户为单位计算持股期限，持股 1 个月（含 1 个月）以内，每 10 股补缴税款 0.200000 元；持股 1 个月以上至 1 年（含 1 年）的，每 10 股补缴税款 0.100000 元；持股超过 1 年的，不需补缴税款。】 三、 股权登记日与除权除息日 苏州珂玛材料科技股份有限公司（以下简称"公司"）已于 2024 年 11 月 12 日召 开 2024年第一次临时股东大会，表决通过了《关于 2024年前三季度利润分配预案的 议案》，现将权益分派实施事宜公告如下： 一、 股东大会审议通过的权益分派方案等情况 1、根据 2024 年第一次临时股东大会表决通过的《关于 2024 年前三季度利润分 配预案的议案》，公司拟以现有总股本 436,000,000 股为基数，向全体股东每 10 股派 发现金人民币 1.00 元（含税），合计派发 ...

证券代码：301611 证券简称：珂玛科技 公告编号：2024-021 苏州珂玛材料科技股份有限公司 关于为子公司提供担保额度预计的进展公告 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。 一、 担保概况概述 苏州珂玛材料科技股份有限公司（以下简称"珂玛科技"或"公司"）分别于 2024 年 10 月 23 日和 2024 年 11 月 12 日，召开了第二届董事会第十四次会议和 2024 年第一次临时股东大会，审议通过了《关于为子公司提供担保额度预计的议案》，同 意为全资子公司四川珂玛材料技术有限公司（以下简称"四川珂玛"）以及安徽珂玛 材料技术有限公司（以下简称"安徽珂玛"）向银行等金融机构申请银行综合授信 （包括但不限于办理固定资产贷款、流动资产贷款、长期借款、银行承兑汇票、商 业承兑汇票、保函、信用证等）时提供担保。于 2024 年度，公司为四川珂玛提供人 民币 4,000 万元担保额度，为安徽珂玛提供人民币 4,000 万元担保额度，担保方式包 括但不限于保证、抵押、质押等。在不超过上述担保额度的情况下，担保金额可循 环使用。具体内容详见公司于 20 ...