华泰联合证券有限责任公司 关于苏州翔楼新材料股份有限公司 2023 年度跟踪报告 | 保荐人名称：华泰联合证券有限责任公司 | 被保荐公司简称：翔楼新材 | | --- | --- | | 保荐代表人姓名：孙天驰 | 联系电话：025-83387696 | | 保荐代表人姓名：吴学孔 | 联系电话：025-83387696 | | 项目 | 工作内容 | | | | --- | --- | --- | --- | | 告除外） | | | | | （1）向深圳证券交易所报告的次数 | 无 | | | | （2）报告事项的主要内容 | 不适用 | | | | （3）报告事项的进展或者整改情况 | 不适用 | | | | 8.关注职责的履行情况 | | | | | （1）是否存在需要关注的事项 | 无 | | | | （2）关注事项的主要内容 | 不适用 | | | | （3）关注事项的进展或者整改情况 | 不适用 | | | | 9.保荐业务工作底稿记录、保管是否合规 | 是 | | | | 10.对上市公司培训情况 | | | | | （1）培训次数 | 次 1 | | | | （2）培训日期 | 年 月 2 ...

Financial Performance - The company's revenue for Q1 2024 reached ¥350,432,761.36, representing a 35.38% increase compared to ¥258,841,792.01 in the same period last year[5] - Net profit attributable to shareholders was ¥50,662,761.03, up 26.96% from ¥39,905,911.85 year-on-year[5] - Basic earnings per share increased to ¥0.65, a rise of 22.64% from ¥0.53 in the same period last year[5] - Total operating revenue for Q1 2024 reached ¥350,432,761.36, a significant increase of 35.4% compared to ¥258,841,792.01 in Q1 2023[25] - Net profit for Q1 2024 was ¥50,662,761.03, representing a 27% increase from ¥39,905,911.85 in Q1 2023[26] - Basic earnings per share for Q1 2024 were ¥0.65, compared to ¥0.53 in Q1 2023, reflecting a growth of 22.6%[27] Cash Flow - The net cash flow from operating activities decreased by 64.55%, amounting to ¥27,834,330.96, down from ¥78,527,978.69 in the previous year[11] - Operating cash inflow for the current period was $260,172,137.11, an increase of 26.5% from $205,702,614.19 in the previous period[29] - Net cash outflow from operating activities was $27,834,330.96, down 64.5% from $78,527,978.69 in the previous period[29] - Cash inflow from investment activities totaled $370,684,456.43, a decrease of 10.2% compared to $412,956,715.92 in the previous period[30] - Net cash outflow from investment activities was $48,377,520.03, an improvement from a net outflow of $145,095,058.72 in the previous period[30] - Cash inflow from financing activities was $50,000,000.00, with a net cash outflow of $29,451,553.53, compared to a net outflow of $68,148,380.54 in the previous period[30] - The ending cash and cash equivalents balance was $247,903,738.39, up from $168,961,319.49 in the previous period[30] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,807,557,572.97, down 4.78% from ¥1,898,307,138.67 at the end of the previous year[5] - Total liabilities decreased to ¥242,028,908.92 in Q1 2024 from ¥331,423,921.23 in Q1 2023, a reduction of 27%[23] - Cash and cash equivalents decreased to ¥1,252,634,077.30 in Q1 2024 from ¥1,418,480,021.93 in Q1 2023, a decline of 11.7%[22] - Accounts receivable decreased from 429,832,352.33 RMB to 380,163,055.69 RMB, a reduction of about 11.5%[20] - Inventory decreased from 310,206,194.54 RMB to 300,451,356.12 RMB, a decline of approximately 3.7%[20] Research and Development - Research and development expenses increased by 38.56% to ¥15,347,037.81, compared to ¥11,076,228.95 in the previous year[11] - Research and development expenses increased to ¥15,347,037.81 in Q1 2024, up 38.5% from ¥11,076,228.95 in Q1 2023[25] Shareholder Information - The total number of common shareholders at the end of the reporting period is 6,243[13] - The largest shareholder, Qian Hesheng, holds 26.17% of shares, totaling 20,720,000 shares[13] - The company plans to issue 3,636,647 shares at a price of 29.47 RMB per share, raising a total of 107,171,987.09 RMB[18] - The second vesting period of the 2022 restricted stock incentive plan will result in 880,000 shares being listed, representing 1.12% of the total shares before vesting[19] - The top ten shareholders include significant stakes from family members, indicating potential influence on company decisions[14] - The company has not disclosed any related party transactions among the top shareholders[14] Other Income and Expenses - The company reported a significant increase in other income, which rose by 133.34% to ¥6,657,775.09 from ¥2,853,308.11 year-on-year[11] - The company reported other income of ¥6,657,775.09 in Q1 2024, compared to ¥2,853,308.11 in Q1 2023, indicating a growth of 133.5%[26] Audit Information - The company did not undergo an audit for the first quarter report[31]

Investment Rating - The report maintains an "Accumulate" rating for the company, indicating a positive outlook for the stock in the near term [5]. Core Insights - In 2023, the company achieved revenue of 1.35 billion yuan, a year-on-year increase of 12%, and a net profit attributable to shareholders of 200.72 million yuan, up 42% year-on-year, aligning with market expectations [2]. - The company operates at a high capacity utilization rate, with a production capacity of 160,000 tons and a production output of 162,000 tons in 2023, resulting in a capacity utilization rate of 101.5% [3]. - The upgrade in order structure has led to a continuous increase in profit per ton, with a comprehensive gross profit of 2,136 yuan per ton in 2023, reflecting a 10% year-on-year increase [4]. - The company has consistently maintained a gross profit margin above 20% since 2015, surpassing 25% in 2023, with expectations for further improvement due to advancements in product complexity and new market expansions [5]. Financial Performance Summary - The company's total revenue is projected to grow from 1.35 billion yuan in 2023 to 2.5 billion yuan by 2026, with a compound annual growth rate (CAGR) of approximately 25.37% [1]. - The net profit attributable to shareholders is expected to increase from 200.72 million yuan in 2023 to 367.89 million yuan in 2026, reflecting a CAGR of about 29.60% [1]. - The earnings per share (EPS) is forecasted to rise from 2.53 yuan in 2023 to 4.65 yuan in 2026, indicating a strong growth trajectory [1]. - The price-to-earnings (P/E) ratio is projected to decrease from 15.01 in 2023 to 8.19 in 2026, suggesting an attractive valuation as earnings grow [1]. Capacity and Production Insights - The company plans to optimize production capacity at its Suzhou plant and expects to complete the construction of its Anhui plant by the end of 2024, which will add 40,000 tons of capacity in 2025, bringing total capacity to 300,000 tons [9]. Research and Development - The company has increased its R&D investment, with R&D expenses rising to 3.8% of total revenue in 2023, reflecting a commitment to enhancing customization capabilities and product innovation [6].

Investment Rating - The report maintains an "Accumulate" rating for the company [15][15]. Core Views - The company has exceeded performance expectations in 2023, capturing opportunities in downstream demand and actively adjusting its product structure to increase the proportion of high-margin products [1][1]. - The company is expanding into new application areas, particularly in the bearing sector, which further enhances its growth potential [1][1]. - The target price is set at 50.00, with the current price at 38.06, indicating potential upside [15][15]. Financial Performance - In 2023, the company achieved a revenue of 1.353 billion, representing a year-on-year increase of 11.69% [1][1]. - The net profit attributable to shareholders for 2023 was 201 million, up 42.2% year-on-year [1][1]. - The company forecasts net profits of 237 million for 2024 and 282 million for 2025, reflecting continued growth [1][1]. Market Demand - The automotive sector accounted for 83.75% of the company's downstream demand in 2023, with a total production of 3.01132 million vehicles in China, marking a 9.3% year-on-year increase [1][1]. - The company's total sales volume of metal products reached 16.07 million tons in 2023, up 19.57% year-on-year [1][1]. Strategic Initiatives - The company is focusing on optimizing its order structure due to strong downstream demand, which has led to significant growth in customer orders [1][1]. - The company is entering the core customer supply chain in the bearing sector, with plans to expand into high-speed rail, aviation, and robotics applications [1][1]. Capacity Expansion - The company is expected to complete its Anhui factory project by the end of 2024, which will add 4 million tons of capacity [1][1]. - The total capacity from fundraising projects is projected to reach 30 million tons upon full production [1][1].

苏州翔楼新材料股份有限公司 2023 年年度报告全文 Xiang Lou New Materi 苏州翔楼新材料股份有限公司 2023 年年度报告 2024-018 2024 年 4 月 12 日 2023 年年度报告 第一节 重要提示、目录和释义 公司董事会、监事会及董事、监事、高级管理人员保证年度报告内容的 真实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担个 别和连带的法律责任。 公司负责人钱和生、主管会计工作负责人曹菊芬及会计机构负责人(会计 主管人员)曹菊芬声明：保证本年度报告中财务报告的真实、准确、完整。 所有董事均已出席了审议本报告的董事会会议。 本报告中如有涉及到未来的计划、业绩预测等方面的内容，均不构成本 公司对任何投资者及相关人士的实质承诺，投资者及相关人士均应对此保持 足够的风险认识，并且应当理解计划、预测与承诺之间的差异。 公司近期不存在可能对公司生产经营状况、财务状况和持续盈利能力有 严重不利影响的重大风险因素，敬请广大投资者注意投资风险。公司面临的 风险与应对措施详见本报告"第三节管理层讨论与分析"的"十一、公司未来发 展的展望"相关内容。 公司经本次董事会审议通过的利 ...

2023 年度 - 1 - 苏州翔楼新材料股份有限公司 2023 年度募集资金存放与使用情况的专项报告 公证天业会计师事务所(特殊普通合伙) 苏州翔楼新材料股份有限公司 2023 年度募集资金存放与使用情况的专项报告 苏州翔楼新材料股份有限公司 募集资金存放与使用情况鉴证报告 Gongzheng Tianye Certified Public Accountants, SGP 总机：86（510）68798988 Tel：86（510）68798988 传真：86（510）68567788 Fax：86（510）68567788 电子信箱：mail@gztycpa. cn E-mail：mail@gztycpa. cn 募集资金存放与使用情况鉴证报告 苏公W[2024]E1088号 苏州翔楼新材料股份有限公司全体股东： 我们接受委托，对后附的苏州翔楼新材料股份有限公司（以下简称翔楼新材） 2023年度《募集资金存放与实际使用情况的专项报告》（以下简称"募集资金专项 报告"）进行了鉴证。 一、对报告使用者和使用目的的限定 本鉴证报告仅供翔楼新材2023年年度报告披露时使用，不得用作任何其他目 的。我们同意将本鉴 ...

苏州翔楼新材料股份有限公司 2023 年度募集资金存放与使用情况的专项报告 证券代码：301160 证券简称：翔楼新材 公告编号：2024-022 苏州翔楼新材料股份有限公司 2023年度募集资金存放与使用情况的专项报告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、 误导性陈述或重大遗漏。 根据中国证券监督管理委员会《上市公司监管指引第2号——上市公司募集资金管理 和使用的监管要求（2022年修订）》、深圳证券交易所《深圳证券交易所上市公司自律监 管指引第2号——创业板上市公司规范运作（2023年12月修订）》及相关格式指南的规定， 现将苏州翔楼新材料股份有限公司（以下简称"本公司"或"公司"）2023年度募集资金 存放与实际使用情况报告如下： 一、 募集资金基本情况 （一）实际募集资金金额、资金到位情况 1、首次公开发行股票募集资金 经中国证券监督管理委员会《关于同意苏州翔楼新材料股份有限公司首次公开发行 股票注册的批复》（证监许可〔2022〕651 号）核准，公司获准向社会首次公开发行人民 币普通股（A 股）股票 18,666,667 股，每股面值 1 元，发行价格为人民币 3 ...

4、会议召开时间： 证券代码：301160 证券简称：翔楼新材 公告编号：2024-023 苏州翔楼新材料股份有限公司 关于召开 2023 年年度股东大会的通知 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 苏州翔楼新材料股份有限公司（以下简称"公司"）第三届董事会第十五次会 议决定于2024年5月16日（星期四）14：00召开公司2023年年度股东大会（以下 简称"本次股东大会"）。现将本次股东大会的有关事项通知如下： 一、召开会议的基本情况 1、会议届次：2023年年度股东大会 2、会议召集人：苏州翔楼新材料股份有限公司董事会 3、会议召开的合法性、合规性：本次股东大会会议召开符合有关法律、行政法 规、部门规章、规范性文件和公司章程的规定。 现场会议召开时间：2024年5月16日（星期四）下午14：00 网络投票时间：通过深圳证券交易所交易系统进行网络投票的具体时间为2024 年5月16日9:15-9:25、9:30-11:30 和 13:00-15:00。通过深圳证券交易所互联网投票系 统投票的具体时间为2024年5月16日上午 9:15 至下午 15 ...

证券代码：301160 证券简称：翔楼新材 公告编号：2024-024 苏州翔楼新材料股份有限公司 关于举办 2023 年度业绩说明会的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 苏州翔楼新材料股份有限公司（以下简称"公司"）已于 2024 年 4 月 12 日 在巨潮资讯网上披露了《2023 年年度报告》及《2023 年年度报告摘要》。为便 于广大投资者更加全面深入地了解公司经营业绩、发展战略等情况，公司定于 2024 年 04 月 18 日（星期四）15:00-16:00 在"价值在线"（www.ir-online.cn） 会议召开时间：2024 年 04 月 18 日（星期四）15:00-16:00 会议召开方式：网络互动方式 会议召开地点：价值在线（www.ir-online.cn） 会议问题征集： 投资者可于 2024 年 04 月 18 日 前访问网址 https://eseb.cn/13CZdvqX21i 或使用微信扫描下方小程序码进行会前提 问，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。 举办苏州 ...

苏州翔楼新材料股份有限公司 2023 年度财务报表附注 苏州翔楼新材料股份有限公司 审计报告 2023 年度 关键审计事项是我们根据职业判断，认为对2023年度财务报表审计最为重要 的事项。这些事项的应对以对财务报表整体进行审计并形成审计意见为背景，我 们不对这些事项单独发表意见。 关键审计事项：收入确认 一、审计意见 我们审计了苏州翔楼新材料股份有限公司（以下简称翔楼新材）财务报表， 包括2023年12月31日的合并及母公司资产负债表，2023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， 公允反映了翔楼新材2023年12月31日的合并及母公司财务状况，以及2023年度的 合并及母公司经营成果和现金流量。 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。审计报告的"注 册会计师对财务报表审计的责任"部分进一步阐述了我们在这些准则下的责任。 按照中国注册会计师职业道德守则，我们独立于翔楼新材，并履行了职业道德方 面的其他责任。我们相信，我们获取的审计证据是充分、适当的，为发表审计 ...