苏州禾昌聚合材料股份有限公司监事会主席任命公告 8 证券代码：832089 证券简称：禾昌聚合 公告编号：2024-068 本次任命不存在公司董事、高级管理人员兼任本公司监事的情形；不存在公司监事 为公司董事、高级管理人员的配偶、父母和子女情形。 （一）对公司生产、经营的影响： 本次任命符合公司治理相关规定，符合《公司法》《公司章程》规定的任职条件， 有利于监事会开展工作，将对公司完善治理结构起到积极的促进作用，不会对公司的日 常生产、经营活动产生不利影响。 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、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个别及连带法律责任。 一、任免基本情况 （一）任免的基本情况 根据《公司法》及《公司章程》的有关规定，公司第五届监事会第十一次会议于 2024 年 9 月 5 日审议并通过《关于补选公司第五届监事会主席的议案》。 选举周威先生为公司监事会主席，任职期限至第五届监事会任期届满之日为止，自 2024 年 9 月 5 日起生效。上述选举人员持有公司股份 0 股，占公司股本的 0%，不是失 信联合惩戒对象。 （二）任命原因 赵静女士 ...

证券代码：832089 证券简称：禾昌聚合 公告编号：2024-067 苏州禾昌聚合材料股份有限公司 第五届监事会第十一次会议决议公告 本公司及监事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、 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个别及连 带法律责任。 一、会议召开和出席情况 （一）会议召开情况 1.会议召开时间：2024 年 9 月 5 日 2.会议召开地点：公司三楼会议室 3.会议召开方式：现场召开 4.发出监事会会议通知的时间和方式：2024 年 8 月 26 日以书面方式发出 5.会议主持人：全体监事共同推举监事周威先生主持会议 6.召开情况合法、合规、合章程性说明： 本次会议召集、召开等方面符合《公司法》等法律法规及《公司章程》的相 关规定，所作决议合法有效。 （二）会议出席情况 会议应出席监事 3 人，出席和授权出席监事 3 人。 二、议案审议情况 （一）审议通过《关于补选公司第五届监事会主席的议案》 1.议案内容： 为完善公司治理结构，确保公司监事会的规范运作，根据《公司法》《公司 章程》等有关规定，同意选举周威先生为公司第五届监事会主席，任期自本次监 事会 ...

Group 1: Financial Performance - The company's revenue increased by 15.89% in the first half of 2024, with a net profit growth of 11.33%, primarily driven by the automotive sector, especially in the new energy vehicle field [3] - The gross profit margin typically remains stable between 16% and 18%, with efforts to manage raw material price fluctuations through inventory management [8] Group 2: Product and Market Highlights - The main products are used in the automotive and home appliance industries, including spray-free series and high-gloss products for automotive parts, with significant growth in overseas orders [4] - The company has established new wholly-owned subsidiaries in Suqian and Shaanxi, forming a dual-base layout in East China and Northwest China [4] Group 3: New Energy Vehicle Strategy - The company plans to expand in the new energy vehicle sector, focusing on lightweight composite materials to meet the higher requirements for range in electric vehicles [5] - Emphasis is placed on developing recyclable materials and sustainable practices [5] Group 4: Environmental Initiatives - The company adheres to a "green, environmentally friendly, and circular" development principle, focusing on the research and development of recyclable materials [6] - Innovations include low-odor, low-VOC products for automotive interiors and spray-free products, showcasing leadership in the environmental materials sector [6] Group 5: Capital Expenditure and Growth - Capital expenditures are primarily directed towards the construction and expansion of new factories, including a digital green factory at headquarters and a new subsidiary in Shaanxi [10] - The company is also planning the second phase of construction at the Suqian base [10] Group 6: Export Growth - The increase in exports is largely attributed to the rise in automotive clients in Malaysia, where some clients have established factories, leading to a higher export ratio [11] Group 7: Research and Development - The company is developing differentiated products, such as bio-based textile products for automotive interiors, aimed at reducing costs while enhancing performance [12] - Collaboration with Xiaomi Automotive is ongoing, with products being used in various vehicle components [13]

Group 1: Financial Performance - The company's revenue increased by 15.89% in the first half of 2024, with a net profit growth of 11.33%, primarily driven by the automotive sector, especially in the new energy vehicle field [3] Group 2: Product and Market Highlights - The main products are used in the automotive and home appliance industries, with significant growth in overseas orders. New subsidiaries have been established in Suqian and Shaanxi to form a dual-base layout in East China and Northwest China [4] - The company is developing bio-based textiles and polylactic acid recyclable plastics, actively participating in plastic resource recycling [4] Group 3: New Energy Vehicle Strategy - The company plans to expand in the new energy vehicle sector, focusing on lightweight composite materials to meet the higher requirements for range in new energy vehicles [5] - Emphasis is placed on the development of recyclable materials and sustainable practices [5] Group 4: Environmental Initiatives - The company adheres to "green, environmental, and circular" development principles, focusing on the R&D of recyclable materials and low-VOC products for automotive interiors [6] - The introduction of spray-free products showcases the company's innovation and leadership in the environmental materials sector [6] Group 5: Raw Material Management - The company maintains a gross margin typically between 16% and 18% by managing inventory to mitigate the impact of raw material price fluctuations [8] - Plans to improve overall gross margin by adjusting product structure and increasing the share of high-value-added products [8] Group 6: Capital Expenditure - Capital expenditures are primarily directed towards the construction and expansion of new factories, including a digital green factory at headquarters and a new subsidiary in Shaanxi [10] Group 7: Export Growth - The increase in exports is mainly attributed to the rise in automotive clients in Malaysia, where some clients have established factories, leading to a higher export ratio concentrated in the automotive sector [11] Group 8: R&D Directions - The company is developing differentiated products, including bio-based textile products for automotive interiors, aimed at reducing costs while enhancing material properties [12] Group 9: Collaboration with Xiaomi - The company maintains a good partnership with Xiaomi Automotive, with products applied in door panels, pillars, and sun visors [13]

第五届监事会第十次会议决议公告 证券代码：832089 证券简称：禾昌聚合 公告编号：2024-060 苏州禾昌聚合材料股份有限公司 本公司及监事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、 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个别及连 带法律责任。 一、会议召开和出席情况 （一）会议召开情况 1.会议召开时间：2024 年 8 月 26 日 3.会议召开方式：现场召开 4.发出监事会会议通知的时间和方式：2024 年 8 月 16 日以书面方式发出 5.会议主持人：赵静女士 6.召开情况合法、合规、合章程性说明： 本次会议的召集及召开程序符合《公司法》《公司章程》《监事会议事规则》 的有关规定。 （二）会议出席情况 会议应出席监事 3 人，出席和授权出席监事 3 人。 二、议案审议情况 （一）审议通过《关于提名沈悦女士为公司第五届监事会股东代表监事的议案》 1.议案内容： 因赵静女士申请辞去公司第五届监事会监事及监事会主席职务，为确保公司 监事会的正常运作，根据《公司法》和《公司章程》等有关规定，提名沈悦女士 2.会议召开地点：公司三楼会议室 为公司第五届监事会股东代表 ...

证券代码：832089 证券简称：禾昌聚合 公告编号：2024-059 苏州禾昌聚合材料股份有限公司 监事辞职公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、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个别及连带法律责任。 一、辞职董监高的基本情况 （一）基本情况 本公司监事会于 2024 年 8 月 26 日收到监事会主席赵静女士递交的辞职报告，自股 东大会选举产生新任监事之日起辞职生效。上述辞职人员持有公司股份 0 股，占公司股 本的 0%，不是失信联合惩戒对象，辞职后不再担任公司其它职务。 （二）辞职原因 赵静女士因个人原因申请辞去公司监事及监事会主席职务。 二、上述人员的辞职对公司产生的影响 （一）本次辞职未导致公司董事会成员人数低于法定最低人数，导致公司监事会成员人 数低于法定最低人数，未导致职工代表监事人数少于监事会成员的三分之一，未导致董 事会中兼任高级管理人员的董事和由职工代表担任的董事人数超过公司董事总数的二 分之一，未导致董事会或者其专门委员会中独立董事所占的比例不符合相关规则或者公 司章程的规定，未导致独立董事中欠缺会计专业人士。 根据《公司 ...

证券代码：832089 证券简称：禾昌聚合 公告编号：2024-062 苏州禾昌聚合材料股份有限公司 关于 2024 年第一次临时股东大会增加临时提案的公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、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个别及连带法律责任。 一、召开会议基本情况 苏州禾昌聚合材料股份有限公司定于 2024 年 9 月 5 日召开 2024 年第一次临时股东 大会，股权登记日为 2024 年 9 月 2 日，有关会议事项详见公司于 2024 年 8 月 20 日在 北京证券交易所官网披露的《关于召开 2024 年第一次临时股东大会通知公告（提供网 络投票）》，公告编号：2024-058。 具体内容详见公司在北京证券交易所信息披露平台（www.bse.cn）披露的《苏州禾 昌聚合材料股份有限公司监事任命公告》（公告编号：2024-061）。 （三）审查意见说明 经审核，董事会认为股东赵东明先生符合提案人资格，提案时间及程序符合《公司 法》和《公司章程》的相关规定，临时提案的内容属于股东大会职权范围，有明确的议 题和具体决议事项，公司董事会同意将 ...

证券代码：832089 证券简称：禾昌聚合 公告编号：2024-061 苏州禾昌聚合材料股份有限公司 监事任命公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、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个别及连带法律责任。 一、任免基本情况 （一）任免的基本情况 沈悦，女，1989 年 4 月生，中国国籍，汉族，无境外永久居留权，专科学历。2019 年 7 月至 2021 年 7 月任康平科技股份有限公司采购专员；2021 年 7 月至今任苏州禾昌 聚合材料股份有限公司行政助理。 二、任命对公司产生的影响 公司新任董事、监事、高级管理人员候选人的任职资格符合法律法规、部门规章、 业务规则和公司章程等规定。本次任命未导致董事会中兼任高级管理人员的董事和由职 工代表担任的董事人数超过公司董事总数的二分之一。 本次任命不存在公司董事、高级管理人员兼任本公司监事的情形；不存在公司监事 为公司董事、高级管理人员的配偶、父母和子女情形。 （一）对公司生产、经营的影响： 根据《公司法》《北京证券交易所股票上市规则（试行）》及《公司章程》等有关规 定，公司第五届监事会第十次会议于 ...

Investment Rating - The investment rating for Hechang Polymer is maintained at "Outperform" [1] Core Views - Hechang Polymer reported a revenue increase of 15.89% year-on-year for H1 2024, reaching 693 million yuan, with a net profit attributable to shareholders of 58.96 million yuan, up 11.33% [2] - The company is focusing on green and environmentally friendly innovations, particularly in PLA (polylactic acid) and other biodegradable materials [4] - The establishment of a subsidiary in Suqian and an increase in export orders align with industry growth trends [3] Financial Performance Summary - H1 2024 operating cash flow improved by 44.6%, with a net cash flow of -39.11 million yuan, indicating increased cash receipts from modified plastic sales [2] - The company expects net profits of 132 million yuan, 163 million yuan, and 188 million yuan for 2024, 2025, and 2026 respectively, with corresponding P/E ratios of 9.9, 8.0, and 6.9 [2][6] - The gross profit margin is projected to be 17.0% in 2024, with a net profit margin of 8.1% [6] Business Expansion and Innovation - The company has completed its dual-base layout in East China and Northwest China, equipped with advanced automated production lines to meet strategic customer needs [3] - Hechang Polymer's participation in the CHINAPLAS 2024 exhibition showcased its innovative biodegradable products, emphasizing its commitment to sustainability [4] - The company has applied for two invention patents related to biodegradable polymer materials, further enhancing its product offerings [4]

Investment Rating - The investment rating for the company is "Buy" (maintained) [1] Core Views - The company's overall performance is steadily growing, driven by increased demand from the automotive and home appliance sectors, leading to continuous capacity release [2][3] - The company has seen a significant increase in external sales orders, with a revenue of 693 million yuan in the first half of 2024, up 15.89% year-on-year [2] - The gross profit margin has decreased slightly, while the expense ratio has increased, indicating a need for careful management of costs [2][3] - The company is positioned as a small giant in the modified plastics industry, with a focus on automotive and home appliance applications, benefiting from a robust customer base and technological capabilities [3] Financial Performance Summary - For 2024, the company is projected to achieve total revenue of 1,653 million yuan, a year-on-year increase of 16.69% [1] - The net profit attributable to the parent company is expected to reach 149.23 million yuan in 2024, reflecting a growth of 28.83% compared to the previous year [1] - The latest diluted EPS is forecasted to be 0.99 yuan per share for 2024, with a corresponding P/E ratio of 8.84 [1] Business Segment Analysis - In the first half of 2024, revenue from plastic particles and sheets was 668 million yuan and 20 million yuan, respectively, with the former growing by 17.86% and the latter declining by 32.51% due to reduced orders from a subsidiary [2] - The company's external sales revenue surged by 129.95% in the first half of the year, primarily due to increased orders from automotive clients in Malaysia [2] Capacity Expansion - The company has established new production capacities, including a 56,000-ton facility in Suqian that began operations in August 2023, and a 25,000-ton plant in Baoji, Shaanxi, which started in December 2022 [3] - The demand for modified plastics in the automotive sector is expected to grow due to increased vehicle production and the rising penetration of new energy vehicles [3]