目 录 | | 页 次 | | --- | --- | | 一、年度募集资金存放与使用情况鉴证报告 | 1-2 | | 二、昆山佳合纸制品科技股份有限公司关于 2024年度募集资金 | | 证券代码：872392 证券简称：佳合科技 公告编号：2025-042 | | | 中国杭州市钱江新城新业路 8 号 UDC 时代大厦 A 座 5-8 层、12 层、23 层 Floors5-8,12and23,Block A,UDC Times Building,No.8 Xinye Road，Qianjiang New City,Hangzhou Tel.0571-88879999 Fax.0571-88879000 www.zhcpa.cn 年度募集资金存放与使用情况鉴证报告 中汇会鉴[2025]5479号 昆山佳合纸制品科技股份有限公司全体股东: 我们鉴证了后附的昆山佳合纸制品科技股份有限公司(以下简称佳合科技公 司)管理层编制的《关于2024年度募集资金存放与使用情况的专项报告》。 一、对报告使用者和使用目的的限定 本鉴证报告仅供佳合科技公司年度报告披露时使用,不得用作任何其他目的。 我们同意将本鉴证报告作为佳合 ...

关于昆山佳合纸制品科技股份有限公司 使用募集资金向全资子公司增资实施募投项目的核査意见 东吴证券股份有限公司（以下简称"东吴证券"或"保荐机构"）作为昆山 佳合纸制品科技股份有限公司（以下简称"佳合科技"或"公司"）向不特定合 格投资者公开发行股票并在北交所上市的保荐机构履行持续督导职责，根据《证 券发行上市保荐业务管理办法》《北京证券交易所证券发行上市保荐业务管理细 则》《北京证券交易所股票上市规则（试行）》等有关规定，对佳合科技使用募集 资金向全资子公司增资实施募投项目的事项进行了核查，具体核查情况如下： 一、募集资金基本情况 2022 年 12 月 6 日，中国证券监督管理委员会出具《关于同意昆山佳合纸制 品科技股份有限公司向不特定合格投资者公开发行股票注册的批复》（证监许可 【2022】3072 号），同意公司向不特定合格投资者公开发行股票的注册申请。2022 年 12 月 26 日，北京证券交易所出具《关于同意昆山佳合纸制品科技股份有限公 司股票在北京证券交易所上市的函》（北证函【2022】284 号），经批准，公司股 票于 2022 年 12 月 30 日在北京证券交易所上市。 公司通过向不特定合 ...

内部控制审计报告 中汇会审[2025]5480号 昆山佳合纸制品科技股份有限公司全体股东: 证券代码：872392 证券简称：佳合科技 公告编号：2025-041 按照《企业内部控制审计指引》及中国注册会计师执业准则的相关要求,我 们审计了昆山佳合纸制品科技股份有限公司(以下简称佳合科技公司)2024年12月 31日的财务报告内部控制的有效性。 一、企业对内部控制的责任 按照《企业内部控制基本规范》《企业内部控制应用指引》《企业内部控制 评价指引》的规定,建立健全和有效实施内部控制,并评价其有效性是佳合科技 公司董事会的责任。 二、注册会计师的责任 我们的责任是在实施审计工作的基础上,对财务报告内部控制的有效性发表 审计意见,并对注意到的非财务报告内部控制的重大缺陷进行披露。 三、内部控制的固有局限性 内部控制具有固有局限性,存在不能防止和发现错报的可能性。此外,由于 情况的变化可能导致内部控制变得不恰当,或对控制政策和程序遵循的程度降低, 根据内部控制审计结果推测未来内部控制的有效性具有一定风险。 四、财务报告内部控制审计意见 我们认为,佳合科技公司于2024年12月31日按照《企业内部控制基本规范》 和相 ...

二、非经营性资金占用及其他关联资金往来情况汇总表 3-4 中国杭州市钱江新城新业路 8 号 UDC 时代大厦 A 座 5-8 层、12 层、23 层 Floors5-8,12and23,Block A,UDC Times Building,No.8 Xinye Road, Qianjiang New City,Hangzhou Tel.0571-88879999 Fax.0571-88879000 证券代码：872392 证券简称：佳合科技 公告编号：2025-043 目 录 | 一、非经营性资金占用及其他关联资金在来情况的专项 | | | --- | --- | | 审核说明 | 页 次 1-2 | www.zhcpa.cn 关于昆山佳合纸制品科技股份有限公司 非经营性资金占用及其他关联资金往来情况的专项审核说明 中汇会专[2025]5478号 昆山佳合纸制品科技股份有限公司全体股东: 我们接受委托,审计了昆山佳合纸制品科技股份有限公司(以下简称佳合科技 公司)2024年度财务报表,并出具了中汇会审[2024]5477号无保留意见的审计报告, 在此基础上对后附的佳合科技公司管理层编制的《2024年度非经营性 ...

证券代码：872392 证券简称：佳合科技 公告编号：2025-028 昆山佳合纸制品科技股份有限公司 2024 年度独立董事述职报告 （张鹏） 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。 本人张鹏作为昆山佳合纸制品科技股份有限公司（以下简称"公司"）的独立董 事及董事会审计委员会委员，2024 年度严格按照《公司法》《证券法》《上市公 司独立董事管理办法》《北京证券交易所股票上市规则（试行）》《北京证券交易 所上市公司持续监管指引第 1 号——独立董事》等法律法规以及《公司章程》《独 立董事制度》《独立董事专门会议工作细则》《董事会审计委员会工作细则》等有 关规定，认真、勤勉、谨慎履行职责，积极出席相关会议，认真审议董事会及各专 门委员会各项议案，充分发挥独立董事的独立性和专业性作用，切实维护了公司股 东尤其是中小股东的利益。现就本人在 2024 年度履行独立董事职责情况汇报如下： 一、独立董事独立性情况 报告期内，本人任职符合中国证券监督管理委员会《上市公司独立董事管理办 法》及北京证券交易所《 ...

一、独立董事独立性情况 报告期内，本人任职符合中国证券监督管理委员会《上市公司独立董事管理办 法》及北京证券交易所《北京证券交易所上市公司持续监管指引第1号——独立董 事》规定的独立性要求，不存在影响独立性的情况。 证券代码：872392 证券简称：佳合科技 公告编号：2025-029 二、会议出席情况 昆山佳合纸制品科技股份有限公司 2024 年度独立董事述职报告 （许冬冬） 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。 本人许冬冬于2024年8月19日开始担任昆山佳合纸制品科技股份有限公司（以 下简称"公司"）独立董事。作为公司的独立董事，2024年度严格按照《公司法》《 证券法》《上市公司独立董事管理办法》《北京证券交易所股票上市规则（试行）》《 北京证券交易所上市公司持续监管指引第1号——独立董事》等法律法规以及《公 司章程》《独立董事制度》《独立董事专门会议工作细则》等有关规定，认真、勤勉、 谨慎履行职责，积极出席相关会议，认真审议董事会及各专门委员会各项议案，充 分发挥独立董事的独立性和专 ...

证券代码：872392 证券简称：佳合科技 公告编号：2025-030 昆山佳合纸制品科技股份有限公司 2024 年度独立董事述职报告 （禹久泓-离任） 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。 本人禹久泓作为昆山佳合纸制品科技股份有限公司（以下简称"公司"）的独立 董事，于2024年8月19日离任。2024年度严格按照《公司法》《证券法》《上市公 司独立董事管理办法》《北京证券交易所股票上市规则（试行）》《北京证券交易 所上市公司持续监管指引第1号——独立董事》等法律法规以及《公司章程》《独 立董事制度》《独立董事专门会议工作细则》《董事会审计委员会工作细则》等有 关规定，认真、勤勉、谨慎履行职责，积极出席相关会议，认真审议董事会及各专 门委员会各项议案，充分发挥独立董事的独立性和专业性作用，切实维护了公司股 东尤其是中小股东的利益。现就本人在2024年度履行独立董事职责情况汇报如下： 一、独立董事独立性情况 报告期内，本人任职符合中国证券监督管理委员会《上市公司独立董事管理办 法》及北京证券交 ...

证券代码：872392 证券简称：佳合科技 公告编号：2025-027 昆山佳合纸制品科技股份有限公司 2024 年度独立董事述职报告 （李丹云） 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。 本人李丹云作为昆山佳合纸制品科技股份有限公司（以下简称"公司"）的独立 董事及董事会审计委员会主任委员，2024 年度严格按照《公司法》《证券法》 《上市公司独立董事管理办法》《北京证券交易所股票上市规则（试行）》《北京 证券交易所上市公司持续监管指引第 1 号——独立董事》等法律法规以及《公司章 程》《独立董事制度》《独立董事专门会议工作细则》《董事会审计委员会工作细 则》等有关规定，认真、勤勉、谨慎履行职责，积极出席相关会议，认真审议董事 会及各专门委员会各项议案，充分发挥独立董事的独立性和专业性作用，切实维护 了公司股东尤其是中小股东的利益。现就本人在 2024 年度履行独立董事职责情况 汇报如下： 报告期内，本人任职符合中国证券监督管理委员会《上市公司独立董事管理办 法》及北京证券交易所《北京证券交易所 ...

Financial Performance - Operating revenue for the first quarter of 2025 reached CNY 156,439,591.85, representing a 106.60% increase year-on-year[12]. - Net profit attributable to shareholders for the first quarter of 2025 was CNY 5,195,069.10, up 48.81% from the same period last year[12]. - The company's operating revenue reached ¥156,439,591.85, an increase of 106.60% compared to the same period last year, primarily due to the consolidation of Vietnam Lisheng into the financial statements[15]. - Net profit for the period was ¥11,208,038.72, representing a significant increase of 275.40% compared to the previous year, driven by the consolidation of Vietnam Lisheng's profits[17]. - The company's net profit for the current period is CNY 11,208,038.72, compared to CNY 2,985,619.16 in the same period last year, representing a significant increase[46]. - The total comprehensive income for the current period is CNY 10,120,537.95, compared to CNY 3,123,594.82 in the same period last year, reflecting a substantial growth[46]. - The company's total profit for the current period is CNY 12,653,546.02, compared to CNY 2,014,907.38 in the previous year, marking a significant improvement[46]. Cash Flow - The net cash flow from operating activities increased significantly to CNY 12,904,451.31, a rise of 8,446.67% compared to the previous year[12]. - Operating cash flow for Q1 2025 was ¥12,904,451.31, a significant increase compared to ¥150,988.03 in Q1 2024, indicating strong operational performance[50]. - Total cash inflow from operating activities reached ¥164,086,484.61 in Q1 2025, up from ¥73,220,005.44 in the same period last year, reflecting a growth of approximately 124%[50]. - Cash flow from financing activities included ¥83,996,810.30 from borrowings in Q1 2025, which was essential for supporting operational needs[51]. - The company reported a significant increase in cash inflow from sales, totaling ¥160,355,805.32 in Q1 2025, compared to ¥69,181,280.34 in Q1 2024, marking a growth of approximately 132%[50]. Assets and Liabilities - Total assets as of March 31, 2025, were CNY 662,223,073.08, a decrease of 2.23% compared to the end of 2024[12]. - The company's total liabilities to assets ratio decreased to 29.44% from 32.51% year-on-year[12]. - The company has total liabilities of 194,946,864.91 yuan, compared to 220,183,626.56 yuan in the previous year, indicating a reduction in liabilities[40]. - The company's cash and cash equivalents increased to 78,460,567.52 yuan from 65,656,940.43 yuan year-over-year, reflecting a growth of approximately 19.5%[38]. - The total value of restricted assets is 153,772,720.08 yuan, which represents 23.22% of total assets[35]. - The company has pledged fixed assets worth 91,475,024.03 yuan, accounting for 13.81% of total assets[35]. Shareholder Information - Total outstanding shares amount to 58,700,000, with 47.82% being unrestricted shares[22]. - The largest shareholder, Dong Hongjiang, holds 15,554,000 shares, representing 26.50% of total shares[23]. - The second-largest shareholder, Chen Yuchuan, owns 10,300,000 shares, accounting for 17.55%[23]. - The proportion of restricted shares held by major shareholders is 76.82%[24]. - The company has 4,072 common shareholders as of the end of the reporting period[22]. Expenses and Investments - Operating costs amounted to ¥131,996,248.43, reflecting an 85.00% increase year-over-year, also attributed to the inclusion of Vietnam Lisheng[15]. - The company reported a 135.86% increase in financial expenses, totaling ¥956,636.32, primarily due to increased bank borrowings and interest expenses[15]. - Research and development expenses for Q1 2025 were ¥2,150,903.40, compared to ¥2,393,767.84 in Q1 2024, showing a decrease of approximately 10.1%[45]. - The company has incurred research and development expenses of CNY 1,851,751.75, slightly up from CNY 1,792,501.57 in the previous year[48]. Compliance and Governance - The company has committed to no violations of disclosed commitments as of the reporting period[33]. - The company has fulfilled its obligations regarding related party transactions in a timely manner[28]. - The company has no reported litigation or arbitration matters during the reporting period[28]. - There are no pledges or judicial freezes on shares held by major shareholders[26]. - The company has not engaged in any share buyback activities during the reporting period[28].

Acquisition and Market Expansion - The company acquired a 26% stake in Vietnam Li Sheng, increasing its ownership to 51%, making it a subsidiary, which enhances its market competitiveness in the rapidly growing Vietnamese printing and packaging industry[5] - The company completed the acquisition of a 26% stake in Vietnam Lisheng for a total transaction amount of 44,980,000.00 CNY, enhancing its control to 51%[178] - The acquisition is expected to strengthen the company's position in the rapidly growing Vietnamese printing and packaging industry, which is experiencing significant supply and demand growth[178] - As of April 12, 2024, the acquisition has been finalized, and Vietnam Lisheng is now a subsidiary included in the company's consolidated financial statements[186] - The assessed value of 100% equity of Vietnam Lisheng was 180,230,000.00 CNY, with the final transaction price being 44,980,000.00 CNY, indicating a favorable deal for the company[185] Financial Performance - The company's operating revenue for 2024 reached ¥648,832,006.79, representing a 124.34% increase compared to ¥289,212,131.51 in 2023[26] - The net profit attributable to shareholders for 2024 was ¥33,834,011.63, a 64.07% increase from ¥20,621,345.09 in 2023[26] - The company reported a net profit growth rate of 163.41% in 2024, compared to a decline of 26.86% in 2023[29] - The company's total revenue for the fourth quarter of 2024 was ¥189,124,433.55, with a net profit of ¥1,846,116.34 attributable to shareholders[34] - The company's cash flow from operating activities surged by 408.00% to ¥28,399,860.43 in 2024, up from ¥5,590,561.93 in 2023[28] Assets and Liabilities - Total assets increased by 49.83% to ¥677,339,296.78 in 2024, up from ¥452,077,548.25 in 2023[28] - Total liabilities rose by 72.04% to ¥220,183,626.56 in 2024, compared to ¥127,983,759.66 in 2023[28] - The company's cash and cash equivalents decreased by 31.79% to ¥65,656,940.43, primarily due to the investment of idle funds in short-term structured deposits[82] - Accounts receivable increased by 112.34% to ¥190,826,584.84, driven by higher revenue in Q4 2024 and the consolidation of a new subsidiary in Vietnam[83] - Inventory rose by 123.36% to ¥66,554,414.93, influenced by the inclusion of the new subsidiary's inventory in the consolidated financial statements[83] Research and Development - The company has established a comprehensive R&D system and achieved various international certifications, ensuring quality control across the production process[77] - The company maintains a focus on R&D, particularly in customized products, with a dedicated team for innovation and product development[50] - The company completed several R&D projects aimed at enhancing packaging solutions, including adjustable height packaging boxes and high-strength packaging for smart appliances[128][131] - The development of eco-friendly, recyclable packaging solutions has been completed, reducing waste and costs compared to similar products[131] - Future R&D efforts will continue to focus on innovative packaging solutions that meet environmental standards and customer demands[131] Industry Trends and Regulatory Environment - The paper packaging industry in China has shown steady revenue growth, with corrugated paper products expected to continue expanding in the coming years[69] - The implementation of policies aimed at promoting green packaging and safety packaging will positively impact the company's future development[67] - The industry is transitioning towards environmentally friendly packaging solutions, with a trend of replacing wooden boxes with corrugated paper packaging[69] - The demand for green packaging products is increasing, driven by consumer preferences for environmentally friendly alternatives to plastic, leading to higher barriers to entry and technological barriers in the corrugated packaging sector[147] - The government has established a favorable policy environment for the packaging industry, which will support long-term growth[67] Corporate Governance and Management - The company has a strong governance framework with a board of directors and a board secretary actively involved in management[199] - The management team includes individuals with extensive experience in the paper products industry, enhancing operational expertise[198][199] - The company has undergone several leadership changes, with key personnel holding various positions since 2011, indicating stability in management[198][199] - The actual controller's significant voting power may impact future strategic initiatives and market positioning[200] - The company has not experienced any changes in its actual controller during the reporting period, ensuring continuity in governance[199] Operational Strategies - The company has implemented a "stock + new" dual-effect model to expand its customer base, enhancing service quality and customer experience[56] - The company aims to enhance regional market penetration and improve its position in the industry through capacity expansion and service optimization[78] - The company is committed to building a "manufacturing + service" new business model, providing comprehensive packaging solutions beyond traditional production[155] - The company plans to implement deep information technology and digitalization reforms to improve operational efficiency and adapt to market demands[153] - The company is focusing on risk control and plans to invest in targets that enhance its technology system and product structure to improve market competitiveness[158] Social Responsibility and Compliance - The company actively fulfills its social responsibilities, including compliance with labor laws and providing comprehensive employee benefits[141] - The company emphasizes compliance with environmental protection policies, aiming to enhance sustainable development in the packaging industry[143] - The company has established strong partnerships with suppliers and customers to achieve mutual benefits and long-term cooperation[142] - The audit committee has ensured the independence and competence of the auditing firm, which has provided objective and clear audit reports for the 2024 fiscal year[138] - The company has not reported any violations regarding guarantees during the reporting period[171]