证券代码：832469 证券简称：富恒新材 公告编号：2024-067 深圳市富恒新材料股份有限公司 2024 年半年度募集资金存放与实际使用情况的专项报告 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。 深圳市富恒新材料股份有限公司（以下简称"富恒新材"或"公司"）董事 会对 2024 年半年度募集资金存放与实际使用情况进行专项核查，现将核查情况 报告如下： 一、募集资金基本情况 （一）实际募集资金金额及资金到位时间 深圳市富恒新材料股份有限公司（以下简称"公司"）向不特定合格投资者 公开发行股票并在北京证券交易所上市的申请于 2023 年 6 月 20 日经北京证券交 易所上市委员会审议通过，并于 2023 年 8 月 21 日获中国证券监督管理委员会（以 下简称"中国证监会"）同意注册（证监许可〔2023〕1860 号）。 公司获准向不特定合格投资者公开发行股票 2,280 万股（不含行使超额配售 选择权所发股份），超额配售新增发行股票数量 342 万股，每股发行价格为人民 币 5.68 元，本次 ...

Company Overview - The total share capital of the company is 140,946,000 shares[11]. - The registered capital of the company is 108,420,000 RMB[12]. - The company specializes in the research, production, sales, and service of modified plastics[11]. - The company was listed on the Beijing Stock Exchange on September 18, 2023[11]. - The company has not faced any delisting risks[6]. - The company has a controlling shareholder, Yao Xiuzhu[11]. - The company’s actual controller is Yao Xiuzhu and Zheng Qingliang, with associated parties including Shenzhen Guanhai Investment Co., Ltd. and Shenzhen Tolu Equity Investment Partnership[11]. - The company has not disclosed any matters that were not required[5]. - The company’s financial report has not been audited by an accounting firm[4]. Financial Performance - The company's operating revenue for the current period reached ¥393,968,085.45, representing a 60.36% increase compared to ¥245,672,083.54 in the same period last year[15]. - The net profit attributable to shareholders was ¥34,386,732.48, a 39.77% increase from ¥24,603,193.78 year-on-year[15]. - The total assets increased by 20.52% to ¥1,196,902,148.07 from ¥993,124,885.98 at the end of the previous year[16]. - The company's debt-to-asset ratio (consolidated) rose to 60.18%, up from 53.99% in the previous year[16]. - The net cash flow from operating activities was negative at -¥48,704,665.85, indicating a significant decrease in cash generation[17]. - The company achieved a gross profit margin of 15.29%, down from 20.63% in the same period last year[15]. - The weighted average return on equity based on net profit attributable to shareholders was 7.23%, down from 8.62% year-on-year[15]. - The company reported a total of ¥7,739,518.70 in non-recurring gains and losses, with a net amount of ¥6,578,590.89 after tax impacts[19]. Assets and Liabilities - The total liabilities attributable to shareholders increased by 34.35% to ¥720,327,160.53 from ¥536,162,949.69 at the end of the previous year[16]. - The company's cash and cash equivalents rose by 72.95%, amounting to approximately 156.03 million yuan[29]. - Accounts receivable increased by 12.53%, totaling approximately 345.68 million yuan[29]. - The company's inventory book value at the end of 2023 was 127.13 million yuan, accounting for 19.38% of current assets, with raw materials comprising 65.17% of the inventory[47]. - The total amount of restricted assets is ¥39,388,722.85, accounting for 3.30% of total assets, primarily used to enhance liquidity for daily operations[60][61]. Market and Industry Insights - The modified plastic market in China is projected to grow from 293.9 billion yuan in 2023 to 310.7 billion yuan in 2024[25]. - The production of modified plastics is expected to rise from 3.13 million tons in 2023 to 3.42 million tons in 2024[25]. Operational Strategies - The company plans to enhance its procurement strategy by combining batch purchasing with advance stocking to meet increasing customer demands[21]. - The company is focusing on improving production processes and material utilization to stabilize raw material procurement prices[46]. Research and Development - R&D expenses surged by 102.72% year-over-year, attributed to an increase in R&D projects[33]. - The company is recognized as a national-level "specialized, refined, characteristic, and innovative" enterprise and a high-tech enterprise[22]. Shareholder Information - The largest shareholder, Yao Xiuzhu, holds 49,997,117 shares, representing 35.47% of total shares, with significant changes in shareholding among the top ten shareholders[64][65]. - The total number of employees increased from 188 to 192, with a net addition of 4 employees during the reporting period[71]. Legal and Compliance - The company faced risks related to raw material price fluctuations, which significantly impact production costs due to their high proportion in operating costs[46]. - The company has not experienced significant changes in major risks during the reporting period[48]. - The company has engaged in significant related party transactions during the reporting period[48]. Accounting and Financial Reporting - The company has confirmed that there were no changes in accounting estimates compared to the previous financial statements, ensuring consistency in financial reporting[97]. - The company has not made any significant changes to accounting estimates during the reporting period[158]. - The company recognizes revenue when control of goods is transferred to customers, which includes conditions such as contract approval and payment terms[151]. Cash Flow and Financing - Cash flow from operating activities decreased by 94.44% year-on-year, primarily due to sales being settled mainly through notes[38]. - Cash flow from financing activities increased by 290.99% year-on-year, primarily due to an increase in bank borrowings[38]. - The company has provided guarantees for loans totaling CNY 5,000,000, CNY 8,000,000, CNY 50,000,000, CNY 15,000,000, CNY 10,000,000, CNY 80,000,000, CNY 30,000,000, CNY 80,000,000, CNY 27,500,000, and CNY 30,000,000 from various banks[53]. Inventory Management - The company has implemented measures to improve inventory management and reduce inventory impairment risks through lean management practices[47]. - The total inventory at the end of the period is 197,090,644.80, with a book value of 189,554,408.13 after accounting for inventory impairment provisions[183]. Taxation and Government Grants - The company confirmed a tax rate of 15% for corporate income tax due to its high-tech enterprise status, which is valid until 2024[164]. - The company is eligible for a VAT reduction policy allowing a 5% additional deduction on input VAT from January 1, 2023, to December 31, 2027, enhancing its tax efficiency[164].

证券代码：832469 证券简称：富恒新材 公告编号：2024-068 深圳市富恒新材料股份有限公司 第四届董事会第三十四次会议决议公告 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、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 28 日 2.会议召开地点：公司会议室 3.会议召开方式：现场 4.发出董事会会议通知的时间和方式：2024 年 8 月 16 日以邮件方式发出 5.会议主持人：姚秀珠女士 6.会议列席人员：参会监事、非董事高级管理人员 7.召开情况合法、合规、合章程性说明： 本次会议召集、召开符合《公司法》及《公司章程》的规定，会议决议合法 有效。 （二）会议出席情况 会议应出席董事 5 人，出席和授权出席董事 5 人。 二、议案审议情况 根据《北京证券交易所股票上市规则（试行）》《公开发行证券的公司信息披 露内容与格式准则第54号——北京证券交易所上市公司中期报告》及《公司章程》 等法律、法规、规范性文件、制度的相关规定和要求，公司结合2024年半年 ...

Investment Rating - The report gives a "Buy" rating for the company, marking its first coverage [2][3]. Core Viewpoints - The company, Fuheng New Materials, is recognized as a specialized "little giant" in modified plastics, focusing on R&D, production, and sales of various modified plastic products, which are widely used in home appliances, consumer electronics, and automotive parts [2][11]. - The demand for modified plastics is expected to grow due to the recovery in automotive production and the upgrade in consumer electronics, with the overall market size projected to reach 310.7 billion yuan in 2024 [2][37]. - The company has a strong technical foundation with over 10,000 modified plastic formulations, enabling it to meet diverse customer needs and enhance product performance [3][19]. Summary by Sections 1. Company Overview - Fuheng New Materials has been dedicated to the R&D and optimization of modified plastics since its establishment in 1993, achieving significant technical accumulation and product diversification [11][19]. - The company has seen continuous revenue growth, with a 50.44% year-on-year increase in Q1 2024, reaching 174 million yuan, and a net profit growth of 112.29% [2][21]. 2. Market Demand - The main downstream applications for modified plastics include home appliances, consumer electronics, and automotive parts, with significant growth expected in these sectors due to rising consumer demand and technological advancements [34][37]. - The modified plastics market in China has shown robust growth, with production increasing from 16.76 million tons in 2017 to 29.76 million tons in 2023, reflecting a compound annual growth rate of 10.04% [37][38]. 3. Competitive Advantages - The company has a deep technical foundation and a rich library of formulations, allowing it to offer customized solutions to meet specific customer requirements [3][19]. - Fuheng New Materials has established partnerships with well-known clients such as BYD and Mindray, enhancing its market presence and credibility [3][11]. 4. Financial Projections - The company is projected to achieve net profits of 77 million yuan, 103 million yuan, and 119 million yuan for the years 2024, 2025, and 2026, respectively, with corresponding dynamic P/E ratios of 11.84, 8.77, and 7.65 [2][3].

二、 工商登记情况 公司名称：深圳市富恒技术有限公司 证券代码：832469 证券简称：富恒新材 公告编号：2024-065 深圳市富恒新材料股份有限公司 关于全资子公司完成工商登记并取得营业执照的公告 关于选举公司独立董事并调整公司审计委员会委员的公告 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、 基本情况 深圳市富恒新材料股份有限公司（以下简称"公司"）于 2024 年 7 月 12 日 在北京证券交易所信息披露平台（www.bse.cn）披露《对外投资设立全资子公司 的公告》（公告编号：2024-062），以自有资金人民币 1,000 万元拟设立全资子公 司深圳市富恒实业发展有限公司（暂定名，具体信息以工商登记为准）。近期， 公司完成了全资子公司的工商注册登记手续，并取得由深圳市市场监督管理局核 发的营业执照。 深圳市富恒新材料股份有限公司 2024年8月12日 统一社会信用代码：91440300MADWJX1F2J 类型：有限责任公司（法人独资） 住所：深圳市宝安区燕罗街道罗田社区广田路 ...

证券代码：832469 证券简称：富恒新材 公告编号：2024-064 深圳市富恒新材料股份有限公司 关于注销部分募集资金专项账户的公告 | 序号 | 开户银行名称 | 募集资金账户账号 | 募集资金用途 | 使用情况 | | --- | --- | --- | --- | --- | | 1 | 北京银行深圳分行 营业部 | 200000391472001280070 47 | 富恒高性能改性 塑料智造基地项 | 使用中 | | | | | 目（一期） | | | 2 | 杭州银行股份有限 | 4403040160000437752 | 补充流动资金 | 已注销 | | | 公司深圳福田支行 | | | | | 3 | 华夏银行股份有限 | 10869000000370717 | 补充流动资金 | 本次已注销 | | | 公司深圳后海支行 | | | | 深圳市富恒新材料股份有限公司（以下简称 "公司"）向不特定合格投资者 公开发行股票并在北京证券交易所上市的申请于 2023 年 6 月 20 日经北京证券交 易所上市委员会审议通过，并于 2023 年 8 月 21 日获中国证券监督管理委员会同 意注册（证 ...

| 日期 | 代码 | 简称 | 成交价 | 成交数量（股） | 买入营业部 | 卖出营业部 | | --- | --- | --- | --- | --- | --- | --- | | 2024-08- | 835368 | 连城数控 | 16.32 | 208379 | 国信证券股份有限公 | 申万宏源证券有限公 | | 05 | | | | | 司深圳深南分公司 | 司吉林分公司 | | 2024-08- | 832469 | 富恒新材 | 6.5 | 100000 | 国信证券股份有限公 司上海张杨路证券营 | 海通证券股份有限公 | | 05 | | | | | 业部 | 司广州南沙分公司 | ...

| 2024-07- | | 832469 | 富恒新材 | 8.4 | 200000 | 申万宏源证券有限公 | 国信证券股转交易单 | | --- | --- | --- | --- | --- | --- | --- | --- | | 17 | 日期 | 代码 | 简称 | 成交价 | 成交数量（股） | 买入营业部 司台州分公司 | 卖出营业部 元 | ...

证券代码：832469 证券简称：富恒新材 公告编号：2024-061 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、关联交易概述 （一）关联交易概述 公司因业务发展需要，拟向汇丰银行（中国）有限公司深圳分行申请金额为 人民币5,000万元的银行贷款，授信期限为1年，用途为支付采购货款。公司股东 及公司实际控制人姚秀珠和郑庆良夫妇无偿为公司此次贷款提供连带责任保证 担保。 公司因业务发展需要，拟向上海银行股份有限公司深圳分行申请金额为不超 过人民币5,000万元的敞口综合授信额度，授信期限为2年，授信额度可用于流动 资金贷款额度、银行承兑汇票。公司股东及公司实际控制人姚秀珠和郑庆良夫妇 无偿为公司此次贷款提供连带责任保证担保。 （二）决策与审议程序 2024 年 7 月 12 日公司召开第四届董事会第三十三次会议，以 3 票赞成，0 票反对，0 票弃权，2 票回避，审议通过《关于关联方无偿为公司向汇丰银行（中 国）有限公司深圳分行申请贷款提供连带责任保证担保的议案》和《关于关联方 无偿为公司向上海 ...

海通证券股份有限公司关于深圳市富恒新材料股份有限公司 关联担保事项的核查意见 海通证券股份有限公司（以下简称"海通证券"或"保荐机构"）作为深圳 市富恒新材料股份有限公司（以下简称"富恒新材"或"公司"）向不特定合格 投资者公开发行股票并在北京证券交易所上市的持续督导保荐机构，根据《证 券发行上市保荐业务管理办法》《北京证券交易所股票上市规则（试行）》《北京 证券交易所证券发行上市保荐业务管理细则》等有关规定，对公司实际控制人 姚秀珠、郑庆良为公司提供担保事项进行了核查，具体情况如下： 一、本次关联担保情况 （一）本次关联担保概况 公司因业务发展需要，拟向汇丰银行（中国）有限公司深圳分行申请金额 为人民币 5,000 万元的银行贷款，授信期限为 1 年，用途为支付采购货款。 公司因业务发展需要，拟向上海银行股份有限公司深圳分行申请金额为不 超过人民币 5,000 万元的敞口综合授信额度，授信期限为 2 年，授信额度可用于 流动资金贷款额度、银行承兑汇票。 公司股东及实际控制人姚秀珠、郑庆良夫妇无偿为公司上述贷款提供连带 责任保证担保。 （二）关联方基本情况 目前的职业和职务：董事长、总经理 关联关系：与郑庆良 ...