| 日期 | 每10股送转（股） | 每10股派现（元） | 净利润（万元） | 净利润同比（%） | | --- | --- | --- | --- | --- | | 2024.12.31 | 2.00 | 2.50 | 7029.37 | -12.00 | | 2023.12.31 | 4.00 | 6.00 | 7987.97 | -19.15 | | 2022.12.31 | 0.00 | 6.00 | 9879.53 | 11.40 | | 2021.12.31 | 0.00 | 6.00 | 8861.65 | 70.98 | 注：本文系新闻报道，不构成投资建议，股市有风险，投资需谨慎。 4月24日悦安新材发布2024年度分配预案，拟10转增2派2.5元（含税）。 证券时报·数据宝统计显示，公司今日公布了2024年报，共实现营业收入4.18亿元，同比增长13.38%， 实现净利润7029.37万元，同比下降12.00%，基本每股收益为0.59元，加权平均净资产收益率为 10.02%。 （文章来源：证券时报网） 资金面上看，该股今日主力资金净流出105.74万元，近5日主力资金净流出250.19万 ...

一、主要会计数据和财务指标 | 报告期指标 | 2025年一季报 | 2024年一季报 | 本年比上年增减(%) | 2023年一季报 | | --- | --- | --- | --- | --- | | 基本每股收益（元） | 0.0100 | -0.2400 | 104.17 | -0.0800 | | 每股净资产（元） | 8.21 | 8.66 | -5.2 | 9.67 | | 每股公积金(元) | 5.66 | 4.35 | 30.11 | 4.35 | | 每股未分配利润(元) | 1.28 | 3.12 | -58.97 | 4.14 | | 每股经营现金流(元) | - | - | - | - | | 营业收入(亿元) | 7.42 | 5.02 | 47.81 | 2.67 | | 净利润(亿元) | 0.02 | -0.4 | 105 | -0.13 | | 净资产收益率(%) | 0.14 | -2.55 | 105.49 | -0.78 | 数据四舍五入，查看更多财务数据>> 二、前10名无限售条件股东持股情况 前十大流通股东累计持有： 8845.96万股，累计占流通股比： 41. ...

Company Overview - The company is one of the most complete manufacturers of high-end and new high-temperature alloy products in China, focusing on nickel-based high-temperature alloys and expanding into aluminum, magnesium, and titanium casting and forging [2][3] - The company has an annual production capacity of 5,000 tons of high-temperature alloy mother alloy for aerospace applications and over 1,000 tons of deformation alloy raw materials [2] Product and Industry Insights - The main products include high-temperature mother alloys, precision castings for engines, and various high-temperature alloy components used in aerospace, power generation, petrochemical, and metallurgy industries [3][4] - High-temperature alloys are critical materials for manufacturing aerospace engine hot-end components, accounting for 40%-60% of the total weight of advanced engines [3] - The demand for high-end and new high-temperature alloys is driven by the rapid development of China's aerospace industry, the localization of gas turbines, and the resurgence of nuclear power [4][5] Business Model - The company has established a comprehensive procurement, production, sales, and R&D system, with a focus on customer needs and market competition [5] - The procurement model involves centralized purchasing based on market demand forecasts and established long-term relationships with qualified suppliers [6] - The production model is order-based, with strict adherence to production control and quality assurance processes [6][7] - The sales model primarily utilizes direct sales, with a focus on customer satisfaction and a "research + market" integrated service system [8] R&D and Innovation - The company has a robust R&D system centered around key laboratories and engineering centers, focusing on foundational and cutting-edge technology research [9] - The engineering center serves as a technology incubation base for new products and technologies, supporting the company's long-term development [9] Financial Overview - The company has not needed to restate or adjust previous years' financial data, indicating stable financial reporting practices [10] - There are no significant discrepancies between the reported financial indicators and previously disclosed quarterly or semi-annual reports [11]

登录新浪财经APP 搜索【信披】查看更多考评等级 特此公告。 证券代码：002057 证券简称：中钢天源 公告编号：2025-005 中钢天源股份有限公司 中钢天源股份有限公司 董 事 会 二〇二五年四月二十三日 关于使用部分闲置募集资金暂时补充 流动资金提前归还的公告 本公司及董事会全体成员保证信息披露内容的真实、准确、完整，没有虚假记载、误导性陈述或重大遗 漏。 中钢天源股份有限公司（以下简称"公司"）2024年7月8日召开第七届董事会第二十七次（临时）会议和 第七届监事会第二十二次（临时）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》，同意使用不超过50,000.00万元的部分闲置募集资金暂时补充流动资金，补充流动资金的使用期限 自董事会审议通过之日起不超过12个月。具体内容详见公司于2024年7月10日在《证券时报》《中国证 券报》《上海证券报》和巨潮资讯网（www.cninfo.com.cn）上披露的《关于使用部分闲置募集资金暂 时补充流动资金的公告》（公告编号：2024-023）。 在使用部分闲置募集资金暂时补充流动资金期间，公司对资金进行了合理的安排与使用，没有变相改变 募集 ...

二、前10名无限售条件股东持股情况 一、主要会计数据和财务指标 | 报告期指标 | 2024年年报 | 2023年年报 | 本年比上年增减(%) | 2022年年报 | | --- | --- | --- | --- | --- | | 基本每股收益（元） | -0.2029 | 0.0166 | -1322.29 | 0.2091 | | 每股净资产（元） | 3.27 | 3.5 | -6.57 | 3.59 | | 每股公积金(元) | 2.18 | 2.22 | -1.8 | 2.23 | | 每股未分配利润(元) | 0.11 | 0.31 | -64.52 | 0.41 | | 每股经营现金流(元) | - | - | - | - | | 营业收入(亿元) | 52.77 | 45.72 | 15.42 | 47.09 | | 净利润(亿元) | -3.52 | 0.27 | -1403.7 | 3.52 | | 净资产收益率(%) | -5.94 | 0.44 | -1450 | 6.04 | 数据四舍五入，查看更多财务数据>> 三、分红送配方案情况 不分配不转增 前十大流通股东累计持有： 57 ...

Core Viewpoint - The company reported a mixed performance in its 2024 annual report, with significant increases in cash flow but a decline in revenue from high-performance high-temperature alloy materials, indicating both operational strengths and potential risks [1]. Financial Data Interpretation - The company's operating revenue for 2024 was 4,612,471,588.04 yuan, a 10.91% increase from 4,158,784,265.02 yuan in 2023. The growth was driven by a 9.87% increase in high-end titanium alloy sales and a 32.41% increase in superconducting products, while high-performance high-temperature alloy revenue decreased by 31.02% [2]. - The net profit attributable to shareholders was 800,789,109.36 yuan, up 6.44% from 752,372,077.81 yuan in 2023. The net profit excluding non-recurring items was 712,715,237.94 yuan, reflecting a 12.94% increase [3]. - The company effectively controlled expenses, with sales expenses decreasing by 8.51% to 27,906,853.32 yuan, while R&D expenses were 350,893,645.44 yuan, accounting for 7.42% of operating revenue, showing a 6.70% year-on-year increase in total R&D investment [3]. Cash Flow Performance - The net cash flow from operating activities was 446,415,208.35 yuan, a remarkable increase of 176.29% from 161,573,753.57 yuan in 2023, primarily due to increased customer sales receipts and government subsidies [4]. - Cash flow from investment activities was -20,406,974.44 yuan, while cash flow from financing activities was -436,935,610.29 yuan, mainly due to subsidiary capital increases and reduced financing net amounts [4]. Risk Factors Analysis - The company faces core competitiveness risks, particularly in maintaining innovation to meet the evolving demands of the aviation industry [5]. - There are internal governance risks associated with the company's expanding operational scale, which may affect efficiency and profitability if management capabilities do not keep pace [5]. - High customer concentration poses a risk, as significant changes in major clients' strategies could impact revenue [5]. Financial Risks - As of the end of 2024, accounts receivable and notes receivable totaled 4,197,133,200 yuan, representing 30.84% of total assets and 91.00% of current sales revenue, indicating potential cash flow issues [6]. - Inventory levels remained high, with a book value of 3,859,787,017.32 yuan, accounting for 28.36% of total assets, which could lead to liquidity challenges [6]. Industry Risks - The company is exposed to uncertainties in aircraft demand due to international conditions, which could lead to fluctuations in performance [8]. - The company's operations are significantly influenced by national industrial policies, particularly in the aviation sector, which could impact financial results [9]. Management Compensation - The chairman received a pre-tax remuneration of 1.2579 million yuan, while the general manager received 1.3156 million yuan, indicating a correlation between management compensation and company performance [10]. Comprehensive Review - The company demonstrated operational highlights in 2024, such as revenue growth and improved cash flow, but also faces numerous risks. Continuous innovation, customer structure optimization, and enhanced internal management are essential for addressing these challenges [11].

点击注册小程序 查看完整报告 特别申明： 本订阅号中所涉及的证券研究信息由光大证券研究所编写，仅面向光大证券专业投资者客户，用作新媒体形势下研究 信息和研究观点的沟通交流。非光大证券专业投资者客户，请勿订阅、接收或使用本订阅号中的任何信息。本订阅号 难以设置访问权限，若给您造成不便，敬请谅解。光大证券研究所不会因关注、收到或阅读本订阅号推送内容而视相 关人员为光大证券的客户。 今 日 聚 焦 【有色】多晶硅价格连续1个月下跌，电车材料价格普遍下滑——金属新材料高频数据周报（20250414- 20250420） 继续全面看好金属新材料板块。氧化镨钕价格仍处于40万元/吨以上，关注2025年需求及第一批配额释放情 况。锂价已跌至8 万元/吨以内，产能后续存在加速出清的可能性，锂矿板块建议关注成本具有优势且资源 端存在扩张的标的。刚果（金）决定暂停钴出口4个月，有望缓解全球钴市场供应过剩程度。Bisie锡矿停 产，看好锡价上行。 （王招华/马俊/王秋琪） 2025- 04-21 您可点击今日推送内容的第1条查看 【华友钴业（603799.SH）】2024年镍产品毛利占比升至52%，继续看好镍板块业绩释放——202 ...

（ 1）本周电解钴价格 24.00 万元 /吨，环比 +0% 。 本周 电解钴和钴粉比值 0.94 ，环比 +0% ； 电解钴 和硫酸钴价格比值为 4.87 ，环比 +0 % 。（ 2）碳纤维本周价格 83.8 元 /千克 ，环比 +0% 。 毛利 -18.31 元 /千克 。 点击注册小程序 查看完整报告 特别申明： 本订阅号中所涉及的证券研究信息由光大证券研究所编写，仅面向光大证券专业投资者客户，用作新媒体形势下研究 信息和研究观点的沟通交流。非光大证券专业投资者客户，请勿订阅、接收或使用本订阅号中的任何信息。本订阅号 难以设置访问权限，若给您造成不便，敬请谅解。光大证券研究所不会因关注、收到或阅读本订阅号推送内容而视相 关人员为光大证券的客户。 报告摘要 军工新材料： 价格持平 新能源车新材料：氧化镨钕价格下跌 （ 1 ）本周 Li2O 5% 锂精矿 中国到岸价 已达到 732 美元 /吨，环比 +0 % 。（ 2 ）本周电碳、工碳和电 池级氢氧化锂价格分别为 7.22 、 7.06 和 6.89 万元 /吨，环比 -1.4% 、 -0.80% 和 -0.4% 。电碳与工碳价差 为 2024年 11月以 ...

Group 1: Military Industry New Materials - The price of electrolytic cobalt remains stable at 240,000 CNY/ton, with no change compared to the previous week [2] - The price of carbon fiber is 83.8 CNY/kg, also unchanged, with a gross profit of -18.31 CNY/kg [2] Group 2: New Energy Vehicle Materials - The price of Li2O 5% lithium concentrate has reached 732 USD/ton, with no change [3] - The prices of electric carbon, industrial carbon, and battery-grade lithium hydroxide are 72,200 CNY/ton, 70,600 CNY/ton, and 68,900 CNY/ton, showing decreases of 1.4%, 0.8%, and 0.4% respectively [3] - The price of praseodymium and neodymium oxide is 415.67 CNY/kg, down by 2.8% [3] Group 3: Photovoltaic New Materials - The price of photovoltaic-grade polysilicon is 4.58 USD/kg, down by 7.1% [4] - The price of EVA is 11,500 CNY/ton, remaining stable at a high level since 2013 [4] - The price of 3.2mm photovoltaic glass coating is 24.0 CNY/sqm, unchanged [4] Group 4: Nuclear Power New Materials - The prices of zirconium-related materials such as zirconium oxychloride and sponge zirconium remain stable, while uranium price is 51.83 USD/lb, down by 4.6% [5] Group 5: Consumer Electronics New Materials - The price of cobalt oxide is 187,000 CNY/ton, unchanged [6] - The price of silicon carbide is 5,700 CNY/ton, also stable, while high-purity gallium, crude indium, and refined indium prices are 1,925 CNY/kg, 2,575 CNY/kg, and 2,675 CNY/kg respectively, all unchanged [6] Group 6: Other Materials - The price of rhodium has decreased [7] Group 7: Precious Metals - The prices of platinum, rhodium, and iridium are 240.00 CNY/g, 1,400.00 CNY/g, and 1,055.00 CNY/g respectively, with platinum up by 2.1% and rhodium down by 4.8% [9]

Group 1: Market Position and Growth Potential - Tian Niao High-tech is the only domestic enterprise producing carbon brake preforms for aircraft, supplying all military aircraft and commercial aircraft like C919 and ARJ21, indicating a strong market position and future growth potential [1] - The carbon brake market is expected to exceed 10 billion RMB as domestic aircraft production accelerates and C919 EU certification progresses, positioning the company to benefit from domestic substitution [2] Group 2: Competitive Advantages in New Energy Vehicles - The carbon-ceramic brake technology is gaining acceptance in the new energy vehicle market due to its high strength, high temperature resistance, corrosion resistance, lightweight, and long lifespan, indicating significant market potential [2] - Tian Niao High-tech has deep technical accumulation and leading advantages in carbon brake preforms, with successful batch sales of carbon-ceramic brake preforms and ongoing collaborations with domestic automotive manufacturers for testing [2] Group 3: New Product Development in Copper Conductors - The company is continuously launching new products such as braided tinned conductors and special-shaped conductors, which are applied in various sectors including high-speed copper cables, robotics, and new energy vehicles [2] Group 4: Core Advantages of Dingli Technology - Dingli Technology specializes in the development of large-scale thermal equipment for aerospace, overcoming key technological barriers in the field of thermal equipment and new materials, thus achieving independent control over critical equipment [3] - The company has developed a system for efficient recycling of waste lithium batteries, contributing to the high-quality development of the new energy industry [4] Group 5: Listing Progress of Dingli Technology - Dingli Technology's application for listing on the Beijing Stock Exchange was successfully accepted in December 2024, with ongoing work progressing in response to the review inquiries received in January 2025 [4]