河南硅烷科技发展股份有限公司收购报告书摘要 四、此次首创化工将其持有的硅烷科技17.1939%的股权无偿划转至首山碳材， 属于在同一实际控制人控制的不同主体之间进行，且未导致硅烷科技的实际控制 人发生变化，属于免于以要约方式增持股份的情形，因此收购人符合《上市公司 收购管理办法》第六章规定的免于发出要约的情形。 838402 五、本次收购涉及的相关事宜已履行必要的内部决策程序，并获得平煤神马 集团批准，首山碳材与首创化工已签署股份转让（无偿划转）协议。 2025 1 河南硅烷科技发展股份有限公司收购报告书摘要 一、本报告书系依据《公司法》《证券法》《收购管理办法》《公开发行证 券的公司信息披露内容与格式准则第55号——北京证券交易所上市公司权益变动 报告书、上市公司收购报告书、要约收购报告书、被收购公司董事会报告书》及 其他相关法律、法规及部门规章的有关规定编写。 二、依据《证券法》《收购管理办法》的规定，本报告书已全面披露了收购 人在硅烷科技拥有权益的股份。截至本报告书签署日，除本报告书披露的持股信 息外，收购人没有通过任何其他方式在硅烷科技拥有权益。 三、收购人签署本报告书已获得必要的授权和批准，其履行亦 ...

河南平煤神马首山碳材料有限公司 免于发出收购要约事宜之法律意见书 关于 北京市朝阳区金和东路20号院正大中心2号楼19-25层 北京市盈科律师事务所 电话：010-85199988 传真：010-85199906 邮编：100004 网站：www.yingkelawyer.com 法律意见书 北京市盈科律师事务所 关于 河南平煤神马首山碳材料有限公司 免于发出收购要约事宜之法律意见书 致：河南平煤神马首山碳材料有限公司 北京市盈科律师事务所（以下简称"本所"）接受河南平煤神马 首山碳材料有限公司（以下简称"首山碳材"）的委托，根据《中华人 民共和国公司法》《中华人民共和国证券法》《上市公司收购管理办法》 和《公开发行证券的公司信息披露内容与格式准则第 55 号——北京证 券交易所上市公司权益变动报告书、上市公司收购报告书、要约收购报 告书、被收购公司董事会报告书》等相关法律、行政法规、规范性文件的 要求，并依据《律师事务所从事证券法律业务管理办法》和《律师事 务所证券法律业务执业规则（试行）》等有关规定，按照律师行业公 认的业务标准、道德规范和勤勉尽责精神，就首山碳材收购河南省首创 化工科技有限公司所持有的河 ...

838402 1 信息披露人声明 一、本报告书系信息披露义务人根据《中华人民共和国公司法》、《中华人民 共和国证券法》、《上市公司收购管理办法》、《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 55 号——北京证券 交易所上市公司权益变动报告书、上市公司收购报告书、要约收购报告书、被收购 公司董事会报告书》及其他相关法律、法规和部门规章的有关规定编写。 二、信息披露义务人签署本报告已获得必要的授权和批准，其履行亦不违反信 息披露义务人章程或内部规则中的任何条款，或与之相冲突。 三、根据《中华人民共和国证券法》、《上市公司收购管理办法》的规定，本 报告书已全面披露信息披露义务人在河南硅烷科技发展股份有限公司中拥有权益 的股份变动情况。 四、截止本报告书签署日，除本报告书披露的信息以外，上述信息披露义务人 没有通过任何其他方式增加或减少其在河南硅烷科技发展股份有限公司中拥有权 益的股份。 五、本次权益变动是根据本报告所载明的资料进行的。除本信息披露义务人外 ，没有委托或授权其他任何人提供未在本报告书列载的信息和对本报告书做出任何 解释或者说明。 六、信息披露义务人承诺本报告 ...

河南硅烷科技发展股份有限公司收购报告书 838402 2025 1 河南硅烷科技发展股份有限公司收购报告书 收购人声明 本部分所述词语或简称与本报告书"释义"所述词语或简称具有相同含义。 一、本报告书系依据《公司法》《证券法》《收购管理办法》《公开发行证 券的公司信息披露内容与格式准则第55号——北京证券交易所上市公司权益变动 报告书、上市公司收购报告书、要约收购报告书、被收购公司董事会报告书》及 其他相关法律、法规及部门规章的有关规定编写。 二、依据《证券法》《收购管理办法》的规定，本报告书已全面披露了收购 人在硅烷科技拥有权益的股份。截至本报告书签署日，除本报告书披露的持股信 息外，收购人没有通过任何其他方式在硅烷科技拥有权益。 三、收购人签署本报告书已获得必要的授权和批准，其履行亦不违反收购人 公司章程或内部规则中的任何条款，或与之相冲突。 四、此次首创化工将其持有的硅烷科技17.1939%的股权无偿划转至首山碳材， 属于在同一实际控制人控制的不同主体之间进行，且未导致硅烷科技的实际控制 人发生变化，属于免于以要约方式增持股份的情形，因此收购人符合《上市公司 收购管理办法》第六章规定的免于发出要约的情形 ...

北京市盈科律师事务所 关于 关于 《河南硅烷科技发展股份有限公司收购报告书》 之法律意见书 致：河南平煤神马首山碳材料有限公司 《河南硅烷科技发展股份有限公司收购报告书》 之法律意见书 北京市朝阳区金和东路20号院正大中心2号楼19-25层 电话：010-85199988 传真：010-85199906 邮编：100004 网站：www.yingkelawyer.com 法律意见书 北京市盈科律师事务所 北京市盈科律师事务所（以下简称"本所"）接受河南平煤神马 首山碳材料有限公司（以下简称"首山碳材"）的委托，根据《中华人 民共和国公司法》《中华人民共和国证券法》《上市公司收购管理办法》 和《公开发行证券的公司信息披露内容与格式准则第 55 号——北京证 券交易所上市公司权益变动报告书、上市公司收购报告书、要约收购报 告书、被收购公司董事会报告书》等相关法律、行政法规、规范性文件的 要求，并依据《律师事务所从事证券法律业务管理办法》和《律师事 务所证券法律业务执业规则（试行）》等有关规定，按照律师行业公 认的业务标准、道德规范和勤勉尽责精神，就首山碳材收购河南省首创 化工科技有限公司所持有的河南硅烷科技发展股 ...

Company Overview - Closing price on December 26: 9.45 yuan [1] - Total market capitalization: 3.988 billion yuan [1] - Total shares outstanding: 422 million shares [1] Financial Performance - Revenue for the first three quarters of 2024: 561 million yuan, a year-on-year decrease of 33.30% [4] - Net profit attributable to shareholders: 88.39 million yuan, a year-on-year decrease of 59.77% [4] - Net profit attributable to shareholders after deducting non-recurring gains and losses: 82.34 million yuan, a year-on-year decrease of 62.03% [4] - Third-quarter revenue: 151 million yuan, a year-on-year decrease of 48.01%, and a quarter-on-quarter decrease of 24.90% [12] - Third-quarter gross margin: 13.47%, a year-on-year decrease of 29.77 percentage points, and a quarter-on-quarter decrease of 18.85 percentage points [12] - Third-quarter net profit after deducting non-recurring gains and losses: 1.48 million yuan, a year-on-year decrease of 98.17% [12] Cost Structure - Sales expenses: 2.52 million yuan, a year-on-year increase of 9.2% [5] - Management expenses: 24.22 million yuan, a year-on-year increase of 31.7%, mainly due to increased employee compensation, depreciation, intangible asset amortization, and consulting fees [5] - R&D expenses: 18.45 million yuan, a year-on-year decrease of 19.17% [5] - Financial expenses: 6.72 million yuan, a year-on-year decrease of 39.8%, mainly due to reduced loan amounts and financing interest rates [5] - Other income: 7.99 million yuan, a year-on-year increase of 111.21%, mainly due to increased government subsidies [5] Business Impact - Approximately 65% of the company's silane gas is used in the photovoltaic industry, which has significantly impacted performance due to industry adjustments [13] - The company is actively developing new products and markets, including the certification of zone-melted polysilicon products and collaboration with Shanghai Jiao Tong University on silicon-based anode materials for lithium-ion batteries [13] Historical Financial Data - Total operating revenue (2020-2023): 511 million yuan, 721 million yuan, 953 million yuan, 1.121 billion yuan [14] - Year-on-year revenue growth (2020-2023): 38%, 41%, 32%, 18% [14] - Net profit attributable to shareholders (2020-2023): 47 million yuan, 76 million yuan, 189 million yuan, 308 million yuan [14] - Year-on-year net profit growth (2020-2023): 198%, 62%, 150%, 63% [14] - Gross margin (2020-2023): 22.7%, 24.2%, 31.9%, 39.1% [14] - ROE (2020-2023): 11.8%, 11.8%, 18.7%, 20.7% [14] - Earnings per share (2020-2023): 0.20 yuan, 0.32 yuan, 0.58 yuan, 0.95 yuan [14] - P/E ratio (2020-2023): 80, 170, 23, 17 [14] Investment Rating - No rating provided for the company [11]

| 日期 | 代码 | 简称 | 成交价 | 成交数量（股） | 买入营业部 | 卖出营业部 | | --- | --- | --- | --- | --- | --- | --- | | 2024-12- 20 | 830974 | 凯大催化 | 6.27 | 100000 | 广发证券股份有限公 司珠海九洲大道营业 | 方正证券股份有限公 司浙江分公司 | | | | | | | 部 | | | 2024-12- | | | | | 申万宏源证券有限公 | 长江证券股份有限公 | | 20 | 838402 | 硅烷科技 | 7.79 | 130000 | 司重庆余溪路证券营 | 司重庆聚贤岩证券营 | | | | | | | 业部 | 业部 | ...

Group 1: Investor Relations Activity - The company conducted a roadshow activity on December 5, 2024, in Zhengzhou, Henan Province, attended by major securities firms and funds [2] - The meeting was led by the company's board secretary, Mr. Shi Zenghui [2] Group 2: Product Quality and Production Status - The purity of the silane gas produced by the company is consistently above 6N, with a maximum purity of 8N, meeting the quality requirements for semiconductor and silicon-carbon anode manufacturers [3][4] - The annual production project of 3,500 tons of silane gas commenced trial production at the end of December 2023 and is currently in formal production, with equipment operating well and meeting design specifications [5] Group 3: Project Development and Collaborations - The company is validating its zone-melting polysilicon products and is in the certification process with clients such as TCL Zhonghuan and Beijing Jingyuntong [6] - A collaboration with Shanghai Jiao Tong University is underway to develop key technologies for silicon-based anode materials for lithium-ion batteries using silane gas [7] Group 4: Market Strategy and Future Outlook - The company is actively expanding its customer base in the emerging field of silicon-carbon anode materials, with a steady increase in supply to Tianmu Xiandao and other market players [8] - The company believes that the silane gas produced through CVD methods offers advantages in efficiency, stability, and industrial scalability, positioning it as a key supplier for silicon-carbon anode manufacturers [9] - In response to the downward pressure on silane gas prices due to adjustments in the photovoltaic industry, the company is optimizing production costs and expanding its market presence [10]

Group 1: Investor Relations Activity - The company conducted a roadshow activity on December 5, 2024, in Zhengzhou, Henan Province, attended by major securities firms and funds [2] - The meeting was led by the company's board secretary, Mr. Shi Zenghui [2] Group 2: Product Quality and Production Status - The purity of the silane gas produced by the company is consistently above 6N, with a maximum purity of 8N, meeting the quality requirements for semiconductor and silicon-carbon anode manufacturers [3][4] - The annual production project of 3,500 tons of silane has commenced trial production at the end of December 2023 and is currently in formal production, meeting design requirements [5] Group 3: Project Development and Collaborations - The company is validating its zone-melting polysilicon products and has received initial recognition from downstream enterprises for its 100mm-130mm diameter zone-melting silicon materials [6] - A collaboration with Shanghai Jiao Tong University is underway to develop key technologies for silicon-based anode materials for lithium-ion batteries using silane gas [7] - The partnership with Tianmu Xian Dao is progressing well, with increasing supply volumes, while the company is actively exploring other potential customers in the emerging silicon-carbon anode market [8] Group 4: Market Analysis and Future Outlook - The company believes that the silane CVD method for silicon-carbon anode materials offers advantages in efficiency, stability, and industrial scalability, supported by a stable supply of silane gas [9] - In 2024, silane gas prices are under pressure due to adjustments in the photovoltaic industry; the company is focusing on optimizing production costs and expanding its market presence [10] - Long-term growth is anticipated in the electronic-grade silane gas market, driven by increased demand from the photovoltaic sector and breakthroughs in silicon-carbon anode technology [10]

| 日期 | 代码 | 简称 | 成交价 | 成交数量（股） | 买入营业部 | 卖出营业部 | | --- | --- | --- | --- | --- | --- | --- | | 2024-11- | 832522 | 纳科诺尔 | 57.45 | 100000 | 财通证券股份有限公 | 粤开证券股份有限公 | | 25 | | | | | 司江苏分公司 | 司广东分公司 | | 2024-11- 25 | 838402 | 硅烷科技 | 9.1 | 121000 | 国泰君安证券股份有 限公司山东济南胜利 | 东兴证券股份有限公 司济南文化西路营业 | | | | | | | 大街营业部 | 部 | | 2024-11- | 839719 | 宁新新材 | 15.16 | 100000 | 国都证券股份有限公 司北京东中街证券营 | 中信建投证券股份有 限公司北京北四环东 | | 25 | | | | | | | | | | | | | 业部 | 路证券营业部 | ...