Group 1: Company Overview and Market Position - The company, Srey New Materials, is positioned as a leader in high-strength and high-conductivity copper alloy materials, with a focus on the liquid rocket engine thrust chamber market [4]. - The thrust chamber is a critical component of rocket engines, with increasing demand due to frequent space launches [4]. - The company has established a strong market presence through successful collaborations with key clients such as Blue Arrow Aerospace and Interstellar Glory [4]. Group 2: Strategic Goals and Achievements - The strategic goal is to become a leader in multiple niche material sectors, aiming for world-class technology innovation and market share [5]. - The company has received numerous awards, including the Ministry of Industry and Information Technology's Champion Product Award and over 270 authorized invention patents, establishing significant technological barriers [5]. Group 3: Fundraising and Investment Plans - The company plans to raise up to 60 million CNY through a private placement of A-shares, with net proceeds allocated to specific projects [6][7]. - Key projects include the industrialization of liquid rocket engine thrust chamber materials, with an investment of 20 million CNY, and the construction of a technology industrial park with an investment of 34 million CNY [6][7]. Group 4: Financial Projections and Market Expansion - Upon completion, the thrust chamber project is expected to generate annual sales revenue of approximately 20,057.39 million CNY [7]. - The company reported a 28% increase in export revenue, indicating strong international market growth, particularly in the U.S., Europe, and Japan [7].

Group 1: Company Overview and Performance - The company, Srey New Materials Co., Ltd., reported a net profit growth of 41.23% in the first three quarters of 2024, driven by increased international market expansion and optimized sales structure [4] - R&D investment reached 50.65 million CNY, a year-on-year increase of 26.34%, focusing on new products and technologies [4] - The company aims to enhance its core competitiveness and achieve sustainable high-quality development through strategic planning and risk management [3] Group 2: Strategic Initiatives - The company plans to support the expansion of its subsidiaries to meet the rapidly growing market demand [3] - It will actively pursue international business opportunities to promote globalization [3] - The company is committed to improving management levels and ensuring compliance with legal regulations [3] Group 3: Product Applications and Innovations - The company’s products are applicable in various fields, including semiconductor and aerospace industries [5] - Specific applications include optical module chip bases for 400G, 800G, and 1.6T modules, and water-cooling components for semiconductor equipment [5] - The development of special copper alloys for nuclear power applications has been completed, with initial supply to clients like Dongfang Electric [4]

Group 1: Company Overview and Market Position - The company, Shaanxi Sry New Materials Co., Ltd., focuses on high and medium voltage electrical contact materials and products, with a significant market share in the industry [1][2]. - The company participates in national key research and development programs, particularly in the field of high voltage vacuum switch technology [3]. Group 2: Product Applications and Innovations - The company's products are primarily used in medium and high voltage switchgear, specifically in 12KV-126KV and above applications [2][3]. - The company is developing new materials for high voltage vacuum arc extinguishing chambers, collaborating with major clients like Siemens Energy and Baoguang [3]. Group 3: Market Trends and Future Outlook - The demand for medium and high voltage switches is expected to increase due to the dual carbon policy and the trend of replacing SF6 switches with environmentally friendly alternatives [3]. - The rapid growth of the commercial aerospace sector is driving the demand for liquid rocket engine components, with the company planning to produce approximately 300 tons of forgings and 1,100 sets of rocket engine components annually [3]. Group 4: Research and Development Initiatives - The company is leading the development of copper-titanium alloy projects, which are used in electronic devices and automotive connectors due to their high strength and excellent forming properties [3]. - The company has also developed key materials for controlled nuclear fusion and large nuclear power generators [3]. Group 5: Investor Relations and Communication - The company ensures transparent communication with investors, adhering to its information disclosure management system to guarantee the accuracy and completeness of disclosed information [4].

律師(西安)事務所 NDALL LAW FIRM (XI'AN) 国浩律师(西安)事务所 关于陕西斯瑞新材料股份有限公司 2024年第三次临时股东大会的 法律意见书 致:陕西斯瑞新材料股份有限公司 根据《中华人民共和国证券法》(以下简称"《证券法》")《中华人民共和 国公司法》(以下简称"《公司法》")等法律、行政法规和规范性文件的规定, 国浩律师(西安)事务所(以下简称"国浩")接受陕西斯瑞新材料股份有限公司 (以下简称"公司")的委托,指派律师出席公司 2024年第三次临时股东大会(以 下简称"本次股东大会"）并对本次股东大会的相关事项进行见证,依法出具本法 律意见书。 国浩及经办律师依据《证券法》《律师事务所从事证券法律业务管理办法》和 《律师事务所证券法律业务执业规则》等规定及本法律意见书出具目以前已经发生 或者存在的事实,严格履行了法定职责,遵循了勤勉尽责和诚实信用原则,进行了 充分的核查验证,保证本法律意见所认定的事实真实、准确、完整,所发表的结论 性意见合法、准确,不存在虚假记载、误导性陈述或者重大遗漏,并承担相应法律 责任。 本法律意见书仅供公司 2024 年第三次临时股东大会之目的使用,本所 ...

本公司董事会及全体董事保证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、准确性和完整性依法承担法律责任。 （二） 股东大会召开的地点：陕西斯瑞新材料股份有限公司 4 楼会议室 （三） 出席会议的普通股股东、特别表决权股东、恢复表决权的优先股股东及 其持有表决权数量的情况： | 1、出席会议的股东和代理人人数 | 94 | | --- | --- | | 普通股股东人数 | 94 | | 2、出席会议的股东所持有的表决权数量 | 461,237,536 | | 普通股股东所持有表决权数量 | 461,237,536 | | 3、出席会议的股东所持有表决权数量占公司表决权数量的比 | 63.6128 | | 例（%） | | | 普通股股东所持有表决权数量占公司表决权数量的比例（%） | 63.6128 | 重要内容提示： 本次会议是否有被否决议案：无 一、 会议召开和出席情况 （一） 股东大会召开的时间：2024 年 11 月 20 日 证券代码：688102 证券简称：斯瑞新材 公告编号：2024-049 陕西斯瑞新材料股份有限公司 2024 年第三次临时股东大会决议公告 （四） ...

Group 1: Company Overview - The company is named Shaanxi Sry New Materials Co., Ltd. with stock code 688102 and abbreviation Sry New Materials [1] - The company is engaged in the production of high-strength and high-conductivity copper alloy products, which are applicable in semiconductor target materials [1] Group 2: Production Capacity and Projects - The company has initiated the construction of a project with an annual production capacity of 15,000 sets of DR components and 500,000 sets of medical imaging equipment [1] - The project also aims to produce 30,000 sets of CT ball tube components and 3,500 sets of linear accelerator components [1] - Additionally, the company plans to produce 30,000 sets of high-voltage VI conductive system components [2] Group 3: Investor Relations Activities - The investor relations activities included specific object research, analyst meetings, media interviews, performance briefings, and news releases [1] - The meeting took place on November 12, 2024, in the company conference room, attended by representatives from various financial institutions [1] Group 4: Compliance and Communication - The company ensured thorough communication with investors and adhered to its information disclosure management system, guaranteeing the accuracy and completeness of disclosed information [3]

陕西斯瑞新材料股份有限公司 2024 年第三次临时股东大会会议资料 证券代码：688102 证券简称：斯瑞新材 陕西斯瑞新材料股份有限公司 2024年第三次临时股东大会 会议资料 二零二四年十一月 陕西斯瑞新材料股份有限公司 2024 年第三次临时股东大会会议资料 目录 | 年第三次临时股东大会会议须知 2024 | 3 | | --- | --- | | 年第三次临时股东大会会议议程 2024 | 5 | | 议案一：关于续聘公司 年度审计机构的议案 2024 | 8 | | 议案二：关于公司符合向特定对象发行 股股票条件的议案 A | 9 | | 议案三：关于公司 年度向特定对象发行 股股票方案的议案 2024 A 13 | | | 议案四：关于公司 2024 年度向特定对象发行 A 股股票预案的议案 17 | | | 议案五：关于公司 年度向特定对象发行 股股票发行方案的论证分析报 2024 A | | | 告的议案 18 | | | 议案六：关于公司 年度向特定对象发行 股股票募集资金使用的可行性 2024 A | | | 分析报告的议案 19 | | | 议案七：关于公司前次募集资金使用情况专项报告 ...

证券代码：688102 证券简称：斯瑞新材 公告编号：2024-048 陕西斯瑞新材料股份有限公司 关于举办2024年第三季度业绩说明会的公告 本公司董事会及全体董事保证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、准确性和完整性依法承担法律责任。 重要内容提示： 会议问题征集：投资者可于 2024 年 11 月 21 日（星期四）17:00 前访问 网址 https://eseb.cn/1jgnKOEVRzW 或扫描下方小程序码进行会前提问，陕西斯 瑞新材料股份有限公司（以下简称"公司"）将通过本次业绩说明会，在信息披 露允许范围内就投资者普遍关注的问题进行回答。 一、业绩说明会的主要情况 公司已于 2024 年 10 月 30 日在上海证券交易所网站（www.sse.com.cn）披 露了《2024 年第三季度报告》，为便于广大投资者更全面深入地了解公司 2024 年 第三季度的经营成果、财务状况等，公司定于 2024 年 11 月 22 日（星期五） 14:00-15:00 在"价值在线"（www.ir-online.cn）举办 2024 年第三季度业绩说 明会。 本次业绩说 ...

Investment Rating - The investment rating for the company is "Buy" (maintained) [1][5][8] Core Insights - The company has shown a year-on-year revenue increase of 10.08% in Q3 2024, reaching 340 million yuan, and a net profit increase of 41.23% year-on-year, amounting to 22 million yuan [1][2] - The company is expanding its business across multiple fields, including high-strength and high-conductivity copper alloy materials, medical imaging components, and aerospace materials, contributing to its revenue growth [2][5] - The company is actively increasing its R&D investment, which is expected to enhance operational efficiency and product gross margins, with a gross margin of 23.00% in the first three quarters of 2024, up 2.77 percentage points year-on-year [2][5] Summary by Sections Financial Performance - In Q3 2024, the company achieved a net profit of 22 million yuan, with a net profit margin of 6.77%, up 1.39 percentage points year-on-year [1] - For the first three quarters of 2024, the company reported a total revenue of 964 million yuan, a 10.98% increase year-on-year, and a net profit of 78 million yuan, reflecting a 14.36% increase [2][5] Revenue and Profit Forecast - The company is projected to achieve revenues of 1.349 billion yuan, 1.574 billion yuan, and 1.901 billion yuan for the years 2024, 2025, and 2026 respectively, with corresponding net profits of 124 million yuan, 155 million yuan, and 199 million yuan [5][6] - The expected growth rates for revenue are 14%, 17%, and 21% for the years 2024, 2025, and 2026 respectively, while net profit growth rates are anticipated to be 26% for 2024 and 28% for 2026 [6][8] Market Position and Strategy - The company is focusing on expanding its international market presence, with significant growth in export revenues and an optimized sales structure [2][5] - The construction of the "Sui Rui New Material Technology Industrial Park" has commenced, which will enhance production capabilities in various sectors, including medical imaging and aerospace [2][5]

Investment Rating - The investment rating for the company is "Accumulate" (首次覆盖) [1] Core Views - The company has shown continuous revenue growth driven by emerging businesses, with a 10.98% year-on-year increase in revenue to 964 million yuan and a 14.36% increase in net profit attributable to shareholders to 78 million yuan in the first three quarters of 2024 [1] - The sales structure optimization has accelerated revenue growth, while improved operational quality has led to significant profit increases. The third quarter saw a 41.23% year-on-year increase in net profit to 22 million yuan, attributed to enhanced gross margins and rapid growth in high-margin new businesses such as commercial aerospace [1] - The company has increased its R&D investment by 26.34% to 51 million yuan, focusing on emerging fields like commercial aerospace and medical imaging, which are expected to become new growth points [1] Financial Performance Summary - For the first three quarters of 2024, the company achieved revenue of 964 million yuan, a 10.98% increase year-on-year, and a net profit of 78 million yuan, up 14.36% year-on-year [1] - The third quarter net profit reached 22 million yuan, reflecting a 41.23% increase compared to the same period last year [1] - The company plans to raise up to 600 million yuan through a private placement to fund projects related to liquid rocket engine components and medical imaging equipment [1] Earnings Forecast - The company is projected to achieve net profits of 129 million yuan, 180 million yuan, and 232 million yuan for the years 2024, 2025, and 2026, respectively, with corresponding growth rates of 31.55%, 39.33%, and 28.75% [2] - Revenue is expected to grow from 1,440 million yuan in 2024 to 2,234 million yuan in 2026, with growth rates of 22.07%, 25.73%, and 23.38% [2] Comparable Company Valuation - The company’s current P/E ratio is 48.7 for 2024, compared to an average of 27.7 for comparable companies [3] - The company is positioned in high-tech and high-growth sectors, justifying a premium valuation [1][2]