市公司股东的净利润为226,343,097.57元，较去年同期减少 4.05%。详见公司定期报告。感谢您的关注。 证券代码：300260 证券简称：新莱应材 昆山新莱洁净应用材料股份有限公司投资者关系活动记录表 编号：2025-002 | | 特定对象调研 分析师会议 | | --- | --- | | 投资者关系活动 | 媒体采访 业绩说明会  | | 类别 | 新闻发布会 路演活动 | | | 现场参观 | | | 其他（请文字说明其他活动内容） | | 参与单位名称及 | 新莱应材 2024 年度网上业绩说明会采用网络远程方式进行， | | 人员姓名 | 面向全体投资者 | | 时间 | 2025 年 5 月 16 日 15:00-17:00 | | 地点 | 深圳证券交易所"互动易平台"（http://irm.cninfo.com.cn）"云访 | | | 谈"栏目 | | | 公司董事长、总经理李水波先生 | | 上市公司接待人 | 财务总监黄世华先生 | | 员姓名 | 副总经理、董事会秘书朱孟勇先生 | | | 独立董事周丽娟女士 | | | 问题一：请问贵公司本期财务报告中，盈 ...

Investment Rating - The investment rating for the company is "Accumulate" [1] Core Views - The semiconductor business continues to grow, with significant new orders driven by major clients [3] - The company is benefiting from the U.S. sanctions, leading to accelerated domestic replacements in semiconductor valves and other components [6] - The establishment of a new subsidiary focused on liquid cooling solutions for data centers indicates a strategic expansion into a new growth area [8] Financial Performance Summary - In 2024, the company achieved revenue of 2.849 billion yuan, a year-on-year increase of 5.08%, while Q1 2025 revenue was 673 million yuan, a decrease of 2.33% [3] - The net profit attributable to the parent company for 2024 was 226 million yuan, down 4.05% year-on-year, primarily due to inventory impairment losses and tax expenses [4] - For Q1 2025, the net profit attributable to the parent company was 50.99 million yuan, a decline of 25.56% year-on-year [5] Market and Competitive Landscape - The domestic semiconductor gas/liquid path component market is projected to exceed 25 billion yuan by 2025, with significant opportunities in semiconductor valves and related components [7] - The current domestic market penetration for high-end valves is estimated to be below 15%, indicating substantial room for domestic replacements [7] Future Projections - Revenue forecasts for 2025 and 2026 have been adjusted to 3.197 billion yuan and 3.800 billion yuan, respectively, reflecting a year-on-year growth of 12.2% and 18.9% [9] - The net profit forecasts for 2025 and 2026 are set at 306 million yuan and 401 million yuan, with expected growth rates of 35.3% and 31.0% [9]

Investment Rating - The report maintains an "Accumulate" rating for the company [1] Core Views - The company's semiconductor business has exceeded expectations, with a revenue increase of 30% year-on-year, indicating a potential new growth point in semiconductor components [3] - The company has increased its investment in new product development, launching several new products aimed at high-purity applications and ultra-clean industries [3] - The forecast for the company's net profit for 2025-2026 has been adjusted downwards due to performance slowdown, with new estimates for 2027 net profit set at 581 million [3] Financial Summary - Total revenue for 2023 is projected at 2,711 million, with a year-on-year growth of 3.49% [1] - The net profit attributable to the parent company for 2023 is expected to be 235.90 million, reflecting a year-on-year decrease of 31.58% [1] - The earnings per share (EPS) for 2023 is estimated at 0.58 yuan, with a price-to-earnings (P/E) ratio of 55.01 [1] - The company anticipates total revenue of 3,503 million in 2025, representing a year-on-year growth of 22.96% [1] - The projected net profit for 2025 is 312.82 million, with a growth rate of 38.20% [1]

Investment Rating - The investment rating for the company is "Accumulate" (maintained) [1] Core Views - The company's progress in the semiconductor business has exceeded expectations, with a focus on developing new products such as pressure control valves and high-performance ALD valves, leading to a revenue increase of 30% year-on-year in the semiconductor segment [3] - The company has established a joint venture to provide liquid cooling solutions for critical industries, enhancing its market position [3] - Due to a slowdown in performance, the profit forecast for 2025-2026 has been adjusted downwards, but the company is still expected to maintain high growth in the semiconductor parts business, justifying the "Accumulate" rating [3] Financial Summary - Total revenue for 2024 is projected at 28.49 billion yuan, a year-on-year increase of 5.1%, with the semiconductor business contributing 8.6 billion yuan, up 30% [8] - The net profit attributable to the parent company for 2024 is expected to be 2.26 billion yuan, down 4.1% year-on-year [8] - The earnings per share (EPS) for 2025 is estimated at 0.77 yuan, with a dynamic P/E ratio of 41.48 times [1][3] - The company’s operating cash flow for 2024 is projected to be 4.26 billion yuan, a significant increase of 94% year-on-year [8]

Group 1: Company Overview and Business Segments - New Lai Materials specializes in clean application materials and high-purity materials, primarily serving the food safety, biomedicine, and semiconductor sectors [4] - The company has developed a complete technical system for clean application materials and high-purity materials over more than 20 years [4] Group 2: Financial Performance - In 2024, the company achieved a revenue of ¥2,849,010,699.66, a year-on-year increase of 5.08% [5] - Operating profit was ¥269,379,299.40, up 2.71% from the previous year, while net profit attributable to shareholders decreased by 4.05% to ¥226,343,097.57 [5] - In Q1 2025, revenue was ¥6,730,000,000, a decline of 2.33%, with net profit down 25.56% to ¥50,987,700 [6] Group 3: Market Trends and Growth Drivers - The semiconductor market is projected to grow to $611.2 billion in 2024, with a 12.5% increase expected in 2025, reaching $687 billion [19] - The global sterile packaging market is forecasted to reach $15.91 billion in 2024, with a CAGR of 3.0% from 2025 to 2031 [20] Group 4: Competitive Advantages - The company’s products in the semiconductor sector are widely recognized for their quality and reliability, particularly in vacuum applications and ultra-high purity (UHP) applications [7][8] - The use of high-quality stainless steel and adherence to international standards (ISO, ASTM, etc.) enhances product reliability [10][13] Group 5: Strategic Focus and Future Plans - The company aims to leverage domestic substitution trends in the semiconductor industry and enhance its market share in food safety through a "equipment + packaging" business model [23] - Future R&D will focus on high-purity components and advanced clean technologies to reduce the technology gap with international brands [24] Group 6: Impact of Economic Environment - The company has benefited from the domestic semiconductor industry's localization trend, which has supported continuous growth despite adverse international economic conditions [25]

Investment Rating - The report maintains a "Buy" rating for the company, expecting a price increase of over 15% in the next 6-12 months [5][12]. Core Insights - In 2024, the company achieved a revenue of 2.849 billion RMB, a year-on-year increase of 5.08%, but the net profit attributable to shareholders decreased by 4.05% to 226 million RMB [2]. - The semiconductor equipment market is expected to see strong demand, with projected net profits for 2025, 2026, and 2027 at 328 million RMB, 491 million RMB, and 669 million RMB respectively, reflecting growth rates of 44.77%, 49.78%, and 36.22% [5][9]. - The company is focusing on clean application materials and high-purity materials, with significant growth in the semiconductor sector, which saw a revenue increase of 29.9% in 2024 [4]. Summary by Sections Financial Performance - In Q1 2025, the company reported a slight revenue decline of 2.33% year-on-year, with a net profit decrease of 25.56% [2][3]. - The comprehensive gross margin for 2024 was 25.72%, while Q1 2025 saw a decline to 23.82% [3]. - The company’s revenue for 2024 was 2.849 billion RMB, with a projected revenue of 3.506 billion RMB for 2025, indicating a growth rate of 23.04% [9]. Market Outlook - The report highlights a strong demand for semiconductor equipment in China, which is expected to drive domestic production and market share recovery for the company [4][5]. - The food and pharmaceutical sectors are showing moderate recovery, with revenues of 1.680 billion RMB and 305 million RMB respectively in 2024 [4]. Valuation Metrics - The projected earnings per share (EPS) for 2025, 2026, and 2027 are 0.80 RMB, 1.20 RMB, and 1.64 RMB respectively, with corresponding price-to-earnings (P/E) ratios of 39, 26, and 19 [5][9].

Core Viewpoint - The company reported steady growth in its 2024 annual report, driven by the domestic semiconductor industry's localization trend and increased market opportunities [1][2]. Group 1: Financial Performance - The company achieved a revenue of 2.849 billion RMB, representing a year-on-year growth of 5.08% [1]. - The net profit attributable to shareholders was 226 million RMB [1]. - A cash dividend of 0.60 RMB per 10 shares was proposed, totaling 24.3476 million RMB, which accounts for 10.76% of the net profit [1]. Group 2: Semiconductor Industry - The domestic semiconductor industry is experiencing rapid development, with the company's products covering the entire manufacturing process except for design [2]. - The company has become a primary supplier for two of the top semiconductor application equipment manufacturers in the U.S., filling a gap in ultra-pure application materials domestically [2]. - The company is focusing on high cleanliness, precision, and integration trends in the semiconductor industry to support the localization process and enhance China's competitiveness in the global semiconductor market [2]. Group 3: Biopharmaceutical Sector - The company entered the biopharmaceutical industry in 2003 and is the first in Asia to achieve dual certification for ASME BPE pipeline fittings [3]. - After nearly 20 years of investment, the company has successfully achieved import substitution in clean pipeline systems and sterile reactors [3]. - The company is committed to improving drug quality by integrating equipment with processes according to new GMP certification standards [3]. Group 4: Food Safety - The company is a leader in the food safety sector, focusing on enhancing food safety standards [3]. - It collaborates with the China Dairy Industry Association to align domestic standards for pipeline system automatic welding with international standards [3]. - The company has been dedicated to the automation and sterilization of production in the food industry since its inception [3].

昆山新莱洁净应用材料股份有限公司 容诚审字[2025]100Z1063 号 昆山新莱洁净应用材料股份有限公司全体股东： 一、审计意见 我们审计了昆山新莱洁净应用材料股份有限公司（以下简称新莱应材公司）财务报 表，包括 2024 年 12 月 31 日的合并及母公司资产负债表，2024 年度的合并及母公司利 润表、合并及母公司现金流量表、合并及母公司所有者权益变动表以及相关财务报表附 注。 我们认为，后附的财务报表在所有重大方面按照企业会计准则的规定编制，公允反 映了新莱应材公司 2024 年 12 月 31 日的合并及母公司财务状况以及 2024 年度的合并及 母公司经营成果和现金流量。 二、形成审计意见的基础 2024 年年度财务报告 | 审计意见类型 | 标准的无保留意见 | | --- | --- | | 审计报告签署日期 | 2025 年 4 月 25 日 | | 审计机构名称 | 容诚会计师事务所（特殊普通合伙） | | 审计报告文号 | 容诚审字[2025]100Z1063 号 | | 注册会计师姓名 | 边俊豪、乔文静 | 审 计 报 告 1 我们按照中国注册会计师审计准则的规定执行了审计工作。 ...

根据《企业内部控制基本规范》及其配套指引的规定和其他内部控制监管要求（以下 简称企业内部控制规范体系），结合本公司（以下简称公司）内部控制制度和评价办法， 在内部控制日常监督和专项监督的基础上，我们对公司2024年12月31日（内部控制评价报 告基准日）的内部控制有效性进行了评价。 一、重要声明 按照企业内部控制规范体系的规定，建立健全和有效实施内部控制，评价其有效性，并 如实披露内部控制评价报告是公司董事会的责任。审计委员会对董事会建立和实施内部控制 进行监督。经理层负责组织领导企业内部控制的日常运行。公司董事会、审计委员会及董 事、高级管理人员保证本报告内容不存在任何虚假记载、误导性陈述或重大遗漏，并对报告 内容的真实性、准确性和完整性承担个别及连带法律责任。 公司内部控制的目标是合理保证经营管理合法合规、资产安全、财务报告及相关信息 真实完整，提高经营效率和效果，促进实现发展战略。由于内部控制存在的固有局限性， 故仅能为实现上述目标提供合理保证。此外，由于情况的变化可能导致内部控制变得不恰 当，或对控制政策和程序遵循的程度降低，根据内部控制评价结果推测未来内部控制的有 效性具有一定的风险。 二、内部控制 ...

昆山新莱洁净应用材料股份有限公司 2024 年度监事会工作报告 昆山新莱洁净应用材料股份有限公司 2024 年度监事会工作报告 昆山新莱洁净应用材料股份有限公司（以下简称"公司"）监事会根据《公司 法》《公司章程》的规定，本着对全体股东负责的态度，认真地履行了监事会职 能，积极开展相关工作，列席了所有的董事会会议和股东大会，并对公司依法运 作情况和公司董事、高级管理人员履行职责情况进行监督，维护了公司及股东的 合法权益，促进了公司的规范化运作。现将 2024 年主要工作汇报如下： 一、2024 年监事会日常工作情况 2024年公司监事会共组织召开了3次会议。会议的召集和召开程序、出席会 议人员资格、召集人及表决程序等事宜均符合法律法规及《公司章程》的有关规 定。监事会召开情况如下： | 第六届监事会第三次会议 | 2024 年 4 月 24 日 | 2024 年 4 月 26 日 | 第六届监事会第三次会议决议公 | | --- | --- | --- | --- | | | | | 告(公告编号：2024-014) | | 第六届监事会第四次会议 | 2024 年 8 月 23 日 | 2024 年 8 月 ...