回购资金来源：公司自有资金和自筹资金。公司已取得兴业银行股份有 限公司西安分行出具得的《贷款承诺函》，具体贷款事宜将以双方签订的贷款合 同为准； 回购股份用途：用于维护公司价值及股东权益； 证券代码：688333 证券简称：铂力特 公告编号：2024-054 西安铂力特增材技术股份有限公司 关于以集中竞价交易方式回购股份方案的公告 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、准确性和完整性依法承担法律责任。 重要内容提示： 回购股份金额：回购资金总额不低于人民币 7,000 万元（含），不超过 人民币 10,000 万元（含）； 回购股份价格：本次回购股份的价格不超过人民币 74.60 元/股（含）， 该价格不高于公司董事会通过回购股份决议前 30 个交易日公司股票交易均价的 150%； 回购股份方式：集中竞价交易方式； 回购股份期限：自公司董事会审议通过本次回购方案之日起 3 个月内； 相关股东是否存在减持计划：公司回购提议人、董事、监事、高级管理 人员、实际控制人及一致行动人、持股 5%以上的股东在未来 3 个月、未来 6 个 月内暂无减持计划。若 ...

证券代码：688333 证券简称：铂力特 公告编号：2024-052 西安铂力特增材技术股份有限公司 关于股份回购实施结果暨股份变动的公告 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、准确性和完整性依法承担法律责任。 | 回购方案首次披露日 | 2024/9/24 | | --- | --- | | 回购方案实施期限 | 待董事会审议通过后 个月 3 | | 预计回购金额 | 2,000 万元～3,000 万元 | | 回购用途 | □减少注册资本 □用于员工持股计划或股权激励 | | | □用于转换公司可转债 | | | √为维护公司价值及股东权益 | | 实际已回购股数 | 532,360 股 | | 实际已回购股数占总股本比例 | 0.20% | | 实际已回购金额 | 元 25,327,109.41 | | 实际回购价格区间 | 元/股~50.99 元/股 44.13 | 重要内容提示： 一、回购审批情况和回购方案内容 2024 年 9 月 23 日，公司召开第三届董事会第十三次会议，审议通过了《关 于以集中竞价交易方式回购公司股份方案》的议案 ...

证券代码：688333 证券简称：铂力特 公告编号：2024-053 西安铂力特增材技术股份有限公司 关于收到实际控制人之一、董事长兼总经理提议 再次回购公司股份的提示性公告 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、准确性和完整性依法承担法律责任。 西安铂力特增材技术股份有限公司（以下简称"公司"）于 2024 年 11 月 26 日接到公司实际控制人之一、董事长兼总经理薛蕾先生《关于提议西安铂力特增 材技术股份有限公司回购公司股份的函》。薛蕾先生提议公司以自有资金和自筹 资金通过上海证券交易所交易系统以集中竞价交易方式回购公司已发行的部分人 民币普通股（A 股）股票，具体内容如下： 一、提议人的基本情况及提议时间 公司实际控制人之一、董事长兼总经理薛蕾先生基于对公司未来持续发展 的信心和对公司价值的认可，为维护广大投资者的利益，增强投资者对公司的 投资信心，促进公司长远、稳定、可持续发展，结合公司经营情况及财务状况 等因素，提议以自有资金和自筹资金通过上海证券交易所交易系统以集中竞价 方式回购公司已发行的部分人民币普通股（A 股）股票。 三、提议 ...

证券代码：688333 证券简称：铂力特 公告编号：2024-055 西安铂力特增材技术股份有限公司 第三届董事会第十五次会议决议公告 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、准确性和完整性依法承担法律责任。 一、董事会会议召开情况 具体内容详见同日刊载于上海证券交易所网站（www.sse.com.cn）的《西安 铂力特增材技术股份有限公司关于以集中竞价交易方式回购公司股份方案的公 告》（公告编号：2024-054） 特此公告。 西安铂力特增材技术股份有限公司董事会 2024 年 11 月 27 日 西安铂力特增材技术股份有限公司（以下简称"公司"）第三届董事会第十五 次会议，经全体董事一致同意豁免本次会议提前发出会议通知的规定，于 2024 年 11 月 27 日在公司会议室以现场结合通讯方式召开。本次会议由董事长薛蕾先生主 持，会议应到董事 9 人，实到董事 9 人。本次会议的召集、召开程序符合有关法律、 行政法规、规范性文件和《公司章程》的规定，会议形成的决议合法有效。 二、董事会会议审议情况 （一）审议通过了《关于以集中竞价交易方式回购公司 ...

Investment Rating - The investment rating for the company is "Accumulate" [3] Core Views - The company's performance in the first three quarters of 2024 showed a revenue decline of 1.3% year-on-year, primarily due to a significant drop in product sales in the third quarter. The net profit attributable to the parent company decreased by 30.6% year-on-year, with a net loss of 0.6 billion yuan in Q3 2024 [1][2] - The gross margin for the first three quarters of 2024 was 40.4%, down 6.3 percentage points year-on-year, while the net margin was 3.7%, a decrease of 1.5 percentage points year-on-year. In Q3 2024, the gross margin plummeted to 17.0%, down 27.7 percentage points year-on-year, and the net margin turned negative at -43.7% [2][9] - The company is expected to see revenue growth from 14.3 billion yuan in 2024 to 30.3 billion yuan in 2026, with corresponding net profits increasing from 2.0 billion yuan to 5.3 billion yuan during the same period [2][4] Summary by Sections Financial Performance - In Q3 2024, the company achieved a revenue of 1.4 billion yuan, representing a 53.5% year-on-year decline. The net profit attributable to the parent company was -0.6 billion yuan, indicating a shift from profit to loss [1] - The first three quarters of 2024 saw a revenue of 7.3 billion yuan, down 1.3% year-on-year, and a net profit of 0.3 billion yuan, down 30.6% year-on-year [1][4] Profitability Metrics - The gross margin for the first three quarters of 2024 was 40.4%, a decrease of 6.3 percentage points year-on-year. The net margin was 3.7%, down 1.5 percentage points year-on-year. In Q3 2024, the gross margin fell to 17.0%, down 27.7 percentage points year-on-year, and the net margin was -43.7% [2][9] - The operating expense ratio for the first three quarters of 2024 was 47.59%, an increase of 3.5 percentage points year-on-year, with R&D expenses rising significantly [2] Market Outlook - The company is positioned to benefit from the rapid penetration of 3D printing technology in aerospace and the expansion of civilian applications, indicating substantial growth potential [2] - The expected revenue growth rates for 2024, 2025, and 2026 are 16%, 58%, and 34%, respectively, with net profit growth rates of 44%, 98%, and 32% [2][4]

投资者可于 2024 年 11 月 19 日(星期二) 至 11 月 25 日(星期一)16:00 前登 录上证路演中心网站首页点击"提问预征集"栏目或通过公司邮箱 IR@xa-blt.com 进行提问。公司将在说明会上对投资者普遍关注的问题进行回答。 西安铂力特增材技术股份有限公司（以下简称"公司"）已于 2024 年 10 月 30 日发布公司 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 年第三季度经营成果、财务状况，公司计划于 2024 年 11 月 26 日下午 13:00-14:00 举行 2024 年第三季度业绩说明会，就投资者关心的问题进行交流。 会议召开时间：2024 年 11 月 26 日(星期二) 下午 13:00-14:00 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： 证券代码：688333 证券简称：铂力特 公告编号：2024-051 西安铂力特增材技术股份有限公司 关于召开 2024 年第三季度业绩说明会的公告 会 议 召 开 地 点 ： 上海证券 交 ...

证券代码：688333 证券简称：铂力特 公告编号：2024-050 西安铂力特增材技术股份有限公司 关于以集中竞价交易方式回购公司股份进展的公告 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、准确性和完整性依法承担法律责任。 | 回购方案首次披露日 | 2024/9/24 | | --- | --- | | 回购方案实施期限 | 待董事会审议通过后 个月 3 | | 预计回购金额 | 万元～3,000 万元 2,000 | | 回购用途 | □减少注册资本 □用于员工持股计划或股权激励 | | | □用于转换公司可转债 | | | √为维护公司价值及股东权益 | | 累计已回购股数 | 303,499 股 | | 累计已回购股数占总股本比例 | 0.11% | | 累计已回购金额 | 14,329,604.27 元 | | 实际回购价格区间 | 45.88 元/股-50.00 元/股 | 重要内容提示： 一、回购股份的基本情况 截至 2024 年 10 月 31 日，公司通过上海证券交易所交易系统以集中竞价交 易方式累计回购公司股份 303,499 股 ...

Investment Rating - The report assigns an "Accumulate" rating for the company, marking its first coverage [3][11]. Core Views - The company's Q3 earnings are under short-term pressure, but it is actively positioning itself in the metal additive manufacturing industry chain, which is expected to boost future performance [3][8]. - The company reported a revenue of 732 million yuan for the first three quarters of 2024, a year-on-year decrease of 1.34%, and a net profit attributable to shareholders of 27 million yuan, down 30.62% year-on-year [3][4]. Summary by Sections Recent Performance - The company's stock has underperformed compared to the CSI 300 index, with a 12-month decline of 42.8% [2]. - As of November 1, 2024, the stock price is 45.23 yuan, with a market capitalization of approximately 12.29 billion yuan [2]. Financial Highlights - For Q3 2024, the company achieved a revenue of 141 million yuan, a significant year-on-year decline of 53.53%, and a net loss of 61 million yuan [4]. - The gross margin for the first three quarters of 2024 was 40.37%, down 6.32 percentage points year-on-year, while Q3 gross margin was 16.94%, down 27.62 percentage points year-on-year [4]. Investment and R&D - The company is increasing its R&D investment, with R&D expenses rising by 37.72% year-on-year, accounting for 25.56% of revenue [5]. - The company has a strong cash position with approximately 1.56 billion yuan in cash and cash equivalents, providing liquidity support [6]. Future Outlook - The company is actively advancing its fundraising projects, with 30.1 billion yuan raised for the construction of a large-scale intelligent production base for metal additive manufacturing [7]. - The expected production capacity for metal additive manufacturing materials is projected to increase from 800 tons per year to 3000 tons per year, addressing the growing demand in aerospace and other sectors [7]. Earnings Forecast - The company is expected to maintain stable performance in 2024, with projected revenues of 1.24 billion yuan and a net profit of 144 million yuan [9]. - For 2024-2026, the forecasted revenues are 1.24 billion yuan, 2.24 billion yuan, and 2.90 billion yuan, with corresponding net profits of 144 million yuan, 383 million yuan, and 514 million yuan [9].

Investment Rating - The report maintains a "Recommended" rating for the company, indicating a positive outlook based on its comprehensive industry chain capabilities and market conditions [2][4]. Core Insights - The company reported a revenue of 732 million yuan for the first three quarters of 2024, a year-over-year decrease of 1.3%, and a net profit attributable to shareholders of 27 million yuan, down 30.6% year-over-year. The performance was slightly below market expectations due to demand fluctuations and increased operating costs [2]. - In Q3 2024, the company experienced significant pressure on its performance, with a revenue of 141 million yuan, a year-over-year decline of 53.5%, and a net loss of 61 million yuan [2]. - The company is increasing its R&D investment, with R&D expenses rising by 37.7% to 187 million yuan, reflecting a commitment to technological innovation [2]. - The company plans to establish a new subsidiary to invest in the construction of a powder material production line, aiming to enhance its capabilities in the metal additive manufacturing sector [2]. Financial Summary - For 2024, the company is projected to achieve a revenue of 1.29 billion yuan, with a growth rate of 4.7%. The net profit attributable to shareholders is expected to be 142 million yuan, reflecting a minimal growth of 0.4% [3][6]. - The company's gross margin for the first three quarters of 2024 decreased by 6.3 percentage points to 40.4%, while the net margin fell by 1.5 percentage points to 3.6% [2]. - The company’s cash flow from operating activities for the first three quarters of 2024 was -234 million yuan, an improvement from -263 million yuan in the same period last year [2].

证券研究报告·公司点评报告·通用设备 铂力特（688333） 2024 年三季报点评：拟投资 10 亿元建设原 材料产线，产能有望翻约 4 倍 2024 年 10 月 30 日 买入（维持） | --- | --- | --- | --- | --- | --- | |------------------------------|--------|----------|----------|----------|----------| | 盈利预测与估值 [Table_EPS] | 2022A | 2023A | 2024E | 2025E | 2026E | | 营业总收入（百万元） | 918.08 | 1,232.39 | 1,700.48 | 2,394.15 | 3,135.20 | | 同比 | 66.32 | 34.24 | 37.98 | 40.79 | 30.95 | | 归母净利润（百万元） | 79.50 | 141.59 | 290.12 | 461.20 | 571.94 | | 同比 | 249.14 | 78.11 | 104.90 | 58.97 | 24.01 | | EPS ...