| 证券代码：603995 | 证券简称：甬金股份 | 公告编号：2024-081 | | --- | --- | --- | | 债券代码：113636 | 债券简称：甬金转债 | | 甬金科技集团股份有限公司 关于为子公司提供担保的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 被担保人：新越金属科技有限公司（以下简称"越南新越"） 本次担保金额：甬金科技集团股份有限公司（以下简称"公司"）本次为 子公司越南新越向中国建设银行胡志明市分行（以下简称"建行胡志明市分行"） 申请的借款本金提供最高不超过600万美元，利息及其他费用提供最高不超过30 万美元的连带责任保证担保。 已实际为上述被担保人提供的担保余额：截至2024年12月24日，公司及子 公司向越南新越提供的担保余额为14,175.60万元。 本次担保是否有反担保：是 对外担保逾期的累计数量：0 一、担保情况概述 （一）担保基本情况 本次担保方只涉及公司一家，越南甬金少数股东对本次担保按照其相应少数 股权比例提供一般保证担保的反担保。此次超股权 ...

| 证券代码：603995 | 证券简称：甬金股份 | 公告编号：2024-080 | | --- | --- | --- | | 债券代码：113636 | 债券简称：甬金转债 | | 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 被担保人：福建甬金金属科技有限公司（以下简称"福建甬金"） 本次担保金额：甬金科技集团股份有限公司（以下简称"公司"）本次为福 建甬金向中国银行股份有限公司福安支行申请的借款按持股比例 70%提供最高 不超过人民币 14,000 万元（壹亿肆仟万元整）的连带责任保证担保。 已实际为上述被担保人提供的担保余额：截至本公告披露日，公司及子公 司向福建甬金提供的担保余额为 24,210 万元。 一、担保情况概述 甬金科技集团股份有限公司 关于为控股子公司提供担保的公告 （一）担保基本情况 因业务发展需要，公司与中国银行股份有限公司福安支行签署了《最高额保 证合同》（FJ9102024025-1），为控股子公司福建甬金的申请的借款按持股比例 70%提供最高不超过人民币14,000万元（壹 ...

| 证券代码：603995 | 证券简称：甬金股份 | 公告编号：2024-078 | | --- | --- | --- | | 债券代码：113636 | 债券简称：甬金转债 | | 甬金科技集团股份有限公司 关于公司实际控制人收到《行政处罚事先告知书》 的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 2022 年 10 月 20-24 日期间，甬金股份实际控制人、时任董事长虞纪群向公 司时任董事会秘书兼财务总监申素贞提出公司回购股份的想法；申素贞开展政策 咨询、方案设计等工作。 2022 年 10 月 25 日上午，虞纪群通过微信收到申素贞反馈公司回购股份具 有可行性，同意由相关专业人员制定具体方案。 甬金科技集团股份有限公司(以下简称"公司")实际控制人曹佩凤女士于 2024 年 8 月 2 日收到中国证券监督管理委员会（以下简称"中国证监会"）下 发的《中国证券监督管理委员会立案告知书》（编号：证监立案字 01120240030 号）。因其涉嫌内幕交易、短线交易，根据《中华人民共和国证券法》《中华人 民共和国 ...

| | | 甬金科技集团股份有限公司 关于"甬金转债"2024 年付息的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 甬金科技集团股份有限公司(以下简称"公司")于 2021 年 12 月 13 日发行 的可转换公司债券将于 2024 年 12 月 13 日开始支付自 2023 年 12 月 13 日至 2024 年 12 月 12 日期间的利息。根据本公司《可转换公司债券募集说明书》有关条款 的规定，现将有关事项公告如下： 一、可转债发行上市概况 经中国证券监督管理委员会"证监许可[2021]3286 号"文核准，甬金科技集 团股份有限公司（以下简称"公司"）于 2021 年 12 月 13 日公开发行了 1,000.00 万张可转换公司债券，每张面值 100 元，发行总额 100,000.00 万元，期限 6 年 （票面利率：第一年 0.30%、第二年 0.50%、第三年 0.80%、第四年 1.50%、第 五年 2.50%、第六年 3.00%）。 经上海证券交易所"[2021]504 号"文同意， ...

华福证券 司 मे 甬金股份（603995.SH） 2024 年三季报点评：盈利能力提升，产能有序释 放 投资要点： 事件 公司发布 2024 年三季报：2024 年前三季度，公司实现营业收入 309.41 亿元，同比+12.18%；实现归母净利润 5.84 亿元，同比+85.12%。 2024 年 Q3，公司实现营业收入 106.44 亿元，环比-3.16%/同比+3.89%； 实现归母净利润 1.56 亿元，环比-48.89%/同比+53.14%。 前三季度量增价减，吨钢盈利能力提升 1）量：2024 年前三季度实现 300 系冷轧不锈钢销量 192.22 万吨、 400 系销量 36.99 万吨，分别同比+13.86%和+42.79%；其中 2024 年 Q3 实现 300 系冷轧不锈钢销量 63.84 万吨，环比-7.25%/同比-4.95%；实 现 400 系销量 13.28 万吨，环比-0.07%/同比+22.2%。2）价：2024 年 前三季度 300 系冷轧不锈钢不含税销售均价为 13786 元/吨，同比 -8.49%；400 系销售均价为 7447 元/吨，同比-1.83%。3）利：2024 ...

Investment Rating - The report maintains a "Strong Buy" rating for the company, with a target price of 25.32 CNY per share, indicating a potential upside of approximately 33% from the current price [1]. Core Insights - The company achieved a revenue of 30.941 billion CNY in the first three quarters of 2024, representing a year-on-year growth of 12.18%. The net profit attributable to shareholders reached 584 million CNY, up 85.12% year-on-year, while the net profit after deducting non-recurring items was 461 million CNY, reflecting a growth of 59.30% [1]. - The sales volume of 300 series cold-rolled stainless steel was 1.9222 million tons, and 400 series cold-rolled stainless steel was 369,900 tons, totaling 2.2921 million tons, which is a 17.71% increase year-on-year. The company is on track to meet its annual sales target of 3.2 million tons for 2024 [1]. - The net profit per ton of steel increased to approximately 201 CNY, a rise of 52 CNY compared to the same period in 2023. The gross profit margin for the first three quarters was 5.74%, and the net profit margin was 2.39%, both showing improvements from the end of 2023 [1]. Financial Summary - The company’s total revenue for 2023 is projected at 39.874 billion CNY, with expected growth rates of 5.2% in 2024, 10.3% in 2025, and 4.4% in 2026. The net profit attributable to shareholders is forecasted to be 725 million CNY in 2024, reflecting a significant increase of 60.1% year-on-year [2]. - The earnings per share (EPS) is expected to rise from 1.24 CNY in 2023 to 1.98 CNY in 2024, with a price-to-earnings (P/E) ratio projected to decrease from 15 in 2023 to 10 in 2024 [2]. - The company’s total assets are estimated to grow from 12.583 billion CNY in 2023 to 13.443 billion CNY in 2024, with a debt-to-asset ratio of 57.06% [3].

甬金股份（603995.SH）2024 年三季报点评 多元化发展，新产能持续推进 2024 年 10 月 31 日 推荐 维持评级 当前价格： 18.94 元 分析师 邱祖学 [Table_Author] 执业证书： S0100521120001 邮箱： qiuzuxue@mszq.com 分析师 任恒 执业证书： S0100523060002 邮箱： renheng@mszq.com 相关研究 1.甬金股份（603995.SH）2024 年半年报点 评：销量持续增长，H1 业绩同比大增-2024/ 08/10 2.甬金股份（603995.SH）2023 年年报点评： 新产能有序建设，横向拓展新材料业务-2024 /04/16 3.甬金股份（603995.SH）2023 年三季报点 评：Q3 销量改善，新材料项目持续推进-202 3/10/27 4.甬金股份（603995.SH）2023 年半年报点 评：顺周期复苏+横向拓展新材料业务，未来 成长可期-2023/08/16 5.甬金股份（603995.SH）2022 年年报点评： 加码冷轧产能+横向拓展新材料业务，未来成 长可期-2023/04/16 ➢ 事件 ...

Investment Rating - The report maintains a "Buy" rating for the company, with expected PE ratios of 9.7x, 9.1x, and 8.1x for 2024, 2025, and 2026 respectively [4][6] Core Views - The company achieved significant year-on-year growth in revenue and net profit in the first three quarters of 2024, with revenue reaching 30.941 billion yuan (up 12.18% YoY) and net profit attributable to shareholders reaching 584 million yuan (up 85.12% YoY) [1] - The company's sales gross margin and net margin improved due to strong production and sales in the domestic stainless steel wide cold-rolled market, with domestic production increasing by 1.49 million tons (21.7% YoY) in the first half of 2024 [1] - The company is accelerating its transformation towards deep processing, with multiple projects under construction, including high-performance stainless steel material projects and titanium alloy new material projects [3] Financial Performance - In Q3 2024, the company achieved a net profit attributable to shareholders of 156 million yuan, a 53.13% YoY increase, and a non-GAAP net profit of 152 million yuan, a 66.44% YoY increase [1] - The company's gross profit margin and net profit margin fluctuated quarterly, with Q3 2024 figures at 5.61% and 1.97% respectively [1] - The company's cold-rolled stainless steel production and sales reached 2.3488 million tons and 2.2921 million tons respectively in the first three quarters of 2024, representing YoY growth of 19.0% and 17.7% [2] Future Outlook - The company is expected to achieve net profits attributable to shareholders of 730 million yuan, 790 million yuan, and 880 million yuan in 2024, 2025, and 2026 respectively [4] - The company's revenue is projected to grow at a compound annual growth rate of 9.3% from 2024 to 2026, reaching 52.089 billion yuan in 2026 [5] - The company's ROE is expected to remain stable at around 13.4% to 13.7% from 2024 to 2026 [5] Industry and Market Position - The company maintains a competitive advantage in the stainless steel cold-rolled processing sector, with rapid capacity expansion supported by leading stainless steel hot-rolled enterprises [4] - The company's business is gradually expanding from traditional stainless steel processing to metal deep processing, including non-ferrous metals, enhancing its ability to withstand industry cyclical fluctuations [3]

国泰君安版权所有发送给上海东方财富金融数据服务有限公司.东财接收研报邮箱.ybjieshou@eastmoney.com p1 股 票 研 究 ——甬金股份 2024 年 3 季报点评 股票研究 /[Table_Date] 2024.10.30 | --- | |-----------------------------------| | | | [table_Authors] 李鹏飞 ( 分析师 ) | | 010-83939783 | | lipengfei@gtjas.com | | 登记编号 S0880519080003 | | --- | --- | --- | --- | --- | --- | --- | |-------------------|-------|----------------------|-------|-------|-------|-------| | | | | | | | | | 魏雨迪 ( 分析师 ) | | 王宏玉 ( 分析师 | ) | | | | | 021-38674763 | | 021-38038343 | | | | | | weiyudi@gtjas ...

Financial Performance - The company's operating revenue for Q3 2024 reached ¥10,644,052,391.32, representing a year-on-year increase of 3.89%[2] - The net profit attributable to shareholders for Q3 2024 was ¥156,060,868.02, an increase of 53.13% compared to the same period last year[2] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥152,343,113.00, reflecting a growth of 66.74% year-on-year[2] - Basic earnings per share for Q3 2024 were ¥0.42, up 82.61% from the previous year[3] - Diluted earnings per share for Q3 2024 were ¥0.38, an increase of 65.22% year-on-year[3] - Operating profit for the third quarter of 2024 was CNY 907,039,682.68, up from CNY 542,985,032.22 in the previous year, reflecting a growth of 67.1%[16] - Net profit attributable to shareholders of the parent company for the third quarter of 2024 was CNY 583,908,333.15, compared to CNY 315,427,459.80 in the same quarter of 2023, representing an increase of 85.0%[16] - The company's total comprehensive income for the third quarter of 2024 was CNY 727,769,776.14, compared to CNY 432,389,063.32 in the same quarter of 2023, reflecting a growth of 68.3%[16] Assets and Liabilities - The total assets at the end of the reporting period were ¥15,226,745,110.88, a growth of 20.73% compared to the end of the previous year[3] - The total liabilities as of the end of the third quarter of 2024 amounted to CNY 8,688,475,107.35, compared to CNY 6,408,351,704.69 at the end of the same period in 2023, indicating a rise of 35.5%[14] - The total equity attributable to shareholders of the parent company was CNY 5,512,139,726.99, an increase from CNY 5,195,947,447.40 year-on-year, reflecting a growth of 6.1%[14] - The company's total assets reached CNY 15,226,745,110.88, up from CNY 12,582,735,571.57 in the previous year, representing a growth of 21.0%[14] Cash Flow - The cash flow from operating activities for the year-to-date period increased by 147.87% to ¥440,249,811.18[2] - In the first three quarters of 2024, the company reported cash inflows from operating activities totaling CNY 33,911,847,287.80, an increase from CNY 30,494,544,846.35 in the same period of 2023, representing a growth of approximately 7.9%[17] - The net cash flow from operating activities for the first three quarters of 2024 was CNY 440,249,811.18, significantly higher than CNY 177,614,088.66 in 2023, indicating a year-over-year increase of about 148.5%[17] - The company experienced cash outflows from investing activities amounting to CNY 979,543,251.68, compared to CNY 962,042,789.97 in the previous year, reflecting a slight increase of approximately 1.8%[18] - The net cash flow from investing activities was negative at CNY -593,812,632.07, an improvement from CNY -767,505,877.68 in the same period of 2023[18] - Cash inflows from financing activities totaled CNY 2,496,422,344.04, compared to CNY 2,359,516,294.32 in 2023, marking an increase of about 5.8%[18] - The net cash flow from financing activities was CNY 208,521,195.67, down from CNY 435,833,854.08 in the previous year, indicating a decrease of approximately 52.2%[18] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 14,482, indicating a diverse shareholder base[8] - The company has not reported any changes in the participation of major shareholders in margin trading and securities lending activities[11] Government Subsidies and R&D - The company reported a significant increase in government subsidies, amounting to ¥5,520,816.35 for the current period[4] - Research and development expenses for the first three quarters of 2024 were CNY 631,883,982.10, compared to CNY 534,356,136.83 in the same period of 2023, marking an increase of 18.3%[15] Inventory and Receivables - The company's current assets totaled approximately RMB 6.95 billion, up from RMB 4.69 billion at the end of 2023, indicating a growth of around 48%[12] - Accounts receivable increased to approximately RMB 1.33 billion from RMB 827.82 million, marking a growth of about 61%[11] - Inventory surged to approximately RMB 3.61 billion, up from RMB 2.30 billion, which is an increase of around 57%[12] Taxation - The company paid CNY 352,014,637.47 in taxes during the first three quarters of 2024, an increase from CNY 228,060,738.45 in the same period of 2023, representing a rise of about 54.4%[17]