Core Insights - Fuheng New Materials (832469.BJ) released its semi-annual report for 2025 on August 22, 2025, indicating significant institutional investment activity [1] Institutional Holdings - As of August 22, 2025, five institutional investors disclosed holdings in Fuheng New Materials A-shares, totaling 12.3027 million shares, which represents 8.73% of the company's total equity [1] - The institutional investors include Shenzhen Tolu Equity Investment Partnership (Limited Partnership), Zhejiang Zhongke Donghai Venture Capital Partnership (Limited Partnership), Guoxin Securities Co., Ltd. client credit trading guarantee securities account, and Shenzhen Mingrun Xingye Investment Co., Ltd. [1] - Compared to the previous quarter, the total institutional holding percentage decreased by 0.10 percentage points [1]

证券代码：832469 证券简称：富恒新材 公告编号：2025-113 深圳市富恒新材料股份有限公司 关联担保公告 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、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5,000万元的综合授信额度，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申请上述授信额度提供 连带责任保证担保。 （二）决策与审议程序 2025 年 8 月 22 日，公司召开第五届董事会第五次会议，以 4 票赞成，0 票 反对，0 票弃权，1 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综合授信额度提供连带责任保证担保的议案》。关联 董事姚秀珠已回避表决。 董事会审议上述议案前，2025年8月12日，公司召开第五届董事会独立董事 专门会议2025年第四次会议，审议通过了上述议案，并同意将上述议案提交公司 董事会审议。 上述授信额度涉及的关联担保已在公 ...

证券代码：832469 证券简称：富恒新材 公告编号：2025-112 深圳市富恒新材料股份有限公司 2025 年半年度募集资金存放、管理与实际使用情况的 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。 一、募集资金基本情况 （一）募集资金到位情况 富恒新材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，本次募集资金总额为人民币 148,929,600.00 元，扣除各项发行费用 人民币 22,732,605.28 元，实际募集资金净额为人民币 126,196,994.72 元。上 述资金分别于 2023 年 ...

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《关于公司 2025 年半年度报告及摘要的议案》 证券代码：832469 证券简称：富恒新材 公告编号：2025-109 深圳市富恒新材料股份有限公司 第五届监事会第五次会议决议公告 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 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 1.议案内容： 1.议案内容： 具体内容详见公司于 2025 年 8 月 22 日在北京证券交易所指定信息披露平台 （www.bse.cn）披露的《2025 年半年度报告》（公告编号：2025-110）及《2025 年半年度报告摘要》（公告编号：2025-111）。 （一）会议召开情况 1.会议召开时间：2025 年 8 月 22 日 2.会议召开地点：公司会议室 3.会议召开方式：现场 4.发出监事会会议通知的时间和方式：2025 年 8 月 12 日以邮件方式发出 5.会 ...

证券代码：832469 证券简称：富恒新材 公告编号：2025-108 深圳市富恒新材料股份有限公司 第五届董事会第五次会议决议公告 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：2025 年 8 月 22 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：2025 年 8 月 12 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：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 （一）审议通过《关于公司 2025 年半年度报告及摘要的议案》 1.议案内容： 根据《北京证券交易所股票上市规则》《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》等有 关 ...

国泰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 国泰海通证券股份有限公司（以下简称"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》《北京证券交易所上市公 司持续监管办法（试行）》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，核查情况与意见如下： 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 万元的综合授信额度，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申请上述授信 额度提供连带责任保证担保。 （二）关联方基本情况 1、自然人 姓名：姚秀珠 住所：深圳市南山区沙河西路 29 号新世界豪园 1-10-G 目前的职业和职务：董事长、总经理 关联关系：与郑庆良为夫妻关系，公司董事长、总经理、控股股东、实际 控制人 2、自然人 姓名：郑庆良 1 ...

Group 1: Market Performance - The three major indices showed strong performance, with the Shanghai Composite Index rising by 0.48%, surpassing last year's October high, while the Shenzhen Component Index increased by 1.76% and the ChiNext Index surged by 3.62% [1] - Over 2,600 stocks in the two markets experienced gains, with a total trading volume of approximately 2.15 trillion yuan [1] Group 2: Sector Highlights - The computing power, liquid cooling servers, and CPO concept stocks performed exceptionally well, with New Yisheng (300502.SZ) rising over 15%, and other notable gains from Zhongji Xuchuang (300308.SZ) at 11.66% and Cambridge Technology (603083.SH) at 9.93% [1] - PEEK materials saw collective strength, with companies like Huami New Materials (836247.BJ) and Xinhang New Materials (301076.SZ) experiencing significant increases [2] - The non-ferrous metals sector also performed well, with Electric Alloy (300697.SZ) rising over 9% and other companies like Luoyang Molybdenum (603993.SH) and Zhongfu Industrial (600595.SH) showing strong gains [2] Group 3: Economic Insights - Citic Securities noted that poor economic and employment data in the U.S. strengthened market expectations for a Federal Reserve rate cut in September, contributing to a broad rise in the non-ferrous metals sector [3] - The domestic push for "anti-involution" to optimize production factors is expected to enhance profitability across various sectors, benefiting metal prices [3] - The valuation of industrial metals is currently low, indicating potential for upward correction, with a bullish market for non-ferrous metals starting to emerge [3] Group 4: Policy and Market Sentiment - Dongguan Securities highlighted active market sentiment, suggesting an overweight position in the financial sector due to supportive policies aimed at enhancing the attractiveness of domestic capital markets [4] - The number of new A-share accounts opened in July reached 1.96 million, a significant year-on-year increase of 71%, indicating rising market participation and potential business opportunities for the securities industry [4] - Some sectors, including banks, coal, and logistics, experienced declines, with notable drops in stocks like Lu'an Huaneng (601699.SH) and Jiangsu Bank (600919.SH) [4]

Investment Rating - The report suggests focusing on related stocks in the North Exchange regarding humanoid robots, indicating a positive investment outlook for the sector [1]. Core Insights - The humanoid robot industry is expected to accelerate commercialization, with 2025 marked as the year of mass production [5][15]. - The global market for humanoid robots is projected to reach $20.6 billion by 2029, with a compound annual growth rate (CAGR) of 57% from 2023 to 2029 [27]. - The report highlights the importance of national and local policies in driving the development of the humanoid robot industry, with significant investments and initiatives from various regions [12][13]. Summary by Sections 1. Policy Guidance - A national policy framework has been established, emphasizing the potential of humanoid robots as a new economic growth engine, with key technological breakthroughs expected by 2025 [12]. - Local governments are implementing tailored policies to support the development of humanoid robots, leveraging regional strengths [13]. 2. Industry Progress - 2025 is identified as the year when humanoid robots will enter mass production, with several companies planning significant deliveries of their products [15]. - Major companies like UBTECH, Tesla, and Yushun are set to deliver thousands of humanoid robots for various applications, including industrial manufacturing and home services [15]. 3. Market Space - The global humanoid robot market is expected to grow from $2.16 billion in 2023 to $20.6 billion by 2029, indicating a robust growth trajectory [27]. - The domestic market in China is projected to reach 75 billion yuan by 2029, capturing 32.7% of the global market share [27]. 4. Investment Opportunities - The report recommends focusing on stocks related to core components of humanoid robots, including precision parts, sensors, and system integration [4][38]. - Specific companies in the North Exchange are highlighted for their roles in the humanoid robot supply chain, including those involved in manufacturing key components [38]. 5. Core Components - The report identifies that the cost of three core components (reducer, servo system, and controller) accounts for over 70% of the total cost of humanoid robots, indicating significant opportunities for innovation and cost reduction in these areas [33][36].

Investment Rating - The report indicates a positive outlook for the industry, particularly in sectors such as military, robotics, and new energy vehicles, driven by policy support and technological innovation [5][30]. Core Insights - The North Exchange A-shares saw a trading volume of 25.47 billion yuan on August 6, 2025, an increase of 5.49 billion yuan from the previous trading day, with the North Exchange 50 Index closing at 1459.51, up 1.58% [3][14]. - The report highlights that 198 out of 269 companies listed on the North Exchange experienced price increases, with notable gainers including Huami New Materials (30.0%) and Fuheng New Materials (16.0%) [25][28]. - The report emphasizes the ongoing structural opportunities in the market, supported by the release of policy dividends and the development of emerging technology industries [7]. Summary by Sections Market Review - On August 6, 2025, the North Exchange A-shares had a trading volume of 25.47 billion yuan, with the North Exchange 50 Index rising by 1.58% and the specialized index increasing by 2.15% [3][14]. - The report notes that the automotive, defense, construction materials, and basic chemicals sectors showed strong performance, with military and robotics themes gaining traction due to policy support and technological advancements [5][30]. Important News - The report mentions a government initiative aiming to complete the construction and renovation of 300,000 kilometers of rural roads by 2027, enhancing rural transportation infrastructure [30]. - It also highlights Shanghai's plan for the embodied intelligence industry, targeting a core industry scale of 50 billion yuan, focusing on technological innovation and market integration [32]. Key Company Announcements - Tonghui Electronics reported a half-year revenue of 100 million yuan, a year-on-year increase of 16.81%, with a net profit of 29 million yuan, up 55.4% [33]. - Other companies such as Chengdian Guangxin and Gebijia announced plans for share reductions by major shareholders [35][36].

Investment Rating - The report indicates a positive outlook for the industry, particularly in sectors such as defense, robotics, and automotive, driven by policy support and technological innovation [3][6][18]. Core Insights - The North Exchange A-share trading volume reached 25.47 billion yuan on August 6, 2025, an increase of 5.49 billion yuan from the previous trading day, with the North Exchange 50 Index closing at 1459.51, up 1.58% [6][15]. - The report highlights that 198 out of 269 companies listed on the North Exchange saw their stock prices rise, with significant gains in companies like Huami New Materials (30.0%) and Fuheng New Materials (16.0%) [15][17]. - The report emphasizes the ongoing support from the central bank and other departments for new industrialization policies, which bolster market confidence in the growth potential of North Exchange companies [3][18]. Summary by Sections Market Review - On August 6, 2025, the North Exchange A-share trading volume was 25.47 billion yuan, with the North Exchange 50 Index increasing by 1.58% and the PE_TTM at 68.36 times [6][13]. - The North Exchange specialized index closed at 2516.96, reflecting a 2.15% increase [6][13]. Stock Performance - Among the 269 companies, 198 experienced price increases, while 68 saw declines. The top five gainers included Huami New Materials (30.0%), Fuheng New Materials (16.0%), and Mingyang Technology (15.7%) [15][17]. - The top five decliners were Sanyuan Gene (-6.1%), Hengli Drill Tools (-5.6%), and Beiyikang (-3.7%) [15][17]. Important News - The Ministry of Transport, Ministry of Finance, and Ministry of Natural Resources aim to complete the renovation of 300,000 kilometers of rural roads by 2027, enhancing safety and service capabilities [18]. - Shanghai's embodied intelligence industry plan targets a core industry scale of 50 billion yuan, focusing on technological innovation and support for applications [19]. Company Announcements - Tonghui Electronics reported a 16.81% year-on-year increase in revenue to 100 million yuan, with a net profit growth of 55.4% [20]. - Shareholder announcements included planned reductions in holdings by major stakeholders in Chengdian Guangxin and Gebijia [22][23].