证券代码：920089 证券简称：禾昌聚合 公告编号：2025-092 苏州禾昌聚合材料股份有限公司 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。 苏州禾昌聚合材料股份有限公司 苏州禾昌聚合材料股份有限公司（以下简称"公司"）对合并报表范围内公 司就涉税事项开展了自查，现将有关情况公告如下： 董事会 一、基本情况 经自查，公司应补缴税款及滞纳金合计 11,299,525.56 元，其中补缴税款 10,295,695.27 元，滞纳金 1,003,830.29 元。截至本公告披露日，上述税款及 滞纳金已缴纳完毕，本次补缴不涉及行政处罚。 二、对上市公司的影响 根据《企业会计准则第 28 号——会计政策、会计估计变更和差错更正》 相关规定，上述补缴税款及滞纳金事项不属于前期会计差错，不涉及前期财务 数据追溯调整。公司补缴上述税款及滞纳金将计入 2025 年当期损益，对公司 2025 年度归属于上市公司股东的净利润的具体影响最终以 2025 年度经审计的 财务报表为准。本次补缴款项不会影响公司正常经营。 公 ...

Core Insights - A block trade of 243,400 shares of Hechang Polymer (920089) occurred on November 17, with a transaction value of 3.408 million yuan at a price of 14.00 yuan, representing a discount of 28.79% compared to the closing price of the day [2] Trading Details - The block trade involved a volume of 243,400 shares and a transaction amount of 3.408 million yuan, with a transaction price of 14.00 yuan [2] - The buyer was HuLong Securities Co., Ltd. Lanzhou Donggang West Road Securities Business Department, while the seller was CITIC JianTong Securities Co., Ltd. Gansu Branch [2] Stock Performance - Hechang Polymer's closing price on the same day was 19.66 yuan, reflecting a decline of 1.50%, with a turnover rate of 3.15% and a total transaction amount of 58.2192 million yuan [2] - Over the past five days, the stock has experienced a cumulative decline of 4.79% [2] Company Background - Suzhou Hechang Polymer Materials Co., Ltd. was established on June 9, 1999, with a registered capital of 150.668 million yuan [2]

Core Insights - A block trade occurred for Hechang Polymer (stock code: 920089) on November 17, 2025, at a price of 14 CNY per share, representing a discount of 28.79% from the closing price of 19.66 CNY [1] Group 1 - The transaction involved 243,400 shares, amounting to a total value of 3.408 million CNY [1] - The buying brokerage was HuLong Securities Co., Ltd., while the selling brokerage was CITIC JianTong Securities Co., Ltd. [1]

Investment Rating - The investment rating for the company is "Outperform" (Maintain) [1] Core Views - The company has experienced significant revenue growth driven by its automotive and home appliance sectors, with a focus on expanding into new markets to create a second growth curve [4][5] - The company reported a revenue of 1.379 billion yuan for the first three quarters of 2025, representing a year-on-year increase of 23.73%, and a net profit of 129 million yuan, up 41.87% year-on-year [3][4] - The company is expected to achieve record profits in 2025, supported by ongoing construction projects that will contribute to future performance [4] Financial Summary - For 2025, the company is projected to have revenues of 1.856 billion yuan, with a year-on-year growth of 15.1% [7] - The net profit for 2025 is estimated at 154 million yuan, reflecting a year-on-year increase of 27.1% [7] - The gross margin is expected to be 17.3% in 2025, with a net margin of 8.3% [7] - Earnings per share (EPS) for 2025 is projected to be 1.02 yuan, with a price-to-earnings (P/E) ratio of 19.8 times [7][11]

Group 1 - The lithium battery industry is showing signs of recovery, with lithium hexafluorophosphate prices rebounding first after two years of decline due to oversupply and price wars [1][9] - Since mid-September, the price of lithium hexafluorophosphate has increased from 56,800 yuan/ton to 68,800 yuan/ton by October 13, marking a 21.13% rise [11][13] - The price increase is driven by expanding demand from the new energy and energy storage sectors, along with cautious capacity expansion and fluctuations in raw material prices [13][20] Group 2 - The chemical new materials sector on the North Exchange has seen a weekly increase of 5.23%, with all sub-industries reporting gains [25][27] - The battery materials sub-industry led the gains with a 16.04% increase, followed by rubber and plastic products at 6.09% [27][28] - Notable stock performances include Beiterui (+22.64%), Jinhua New Materials (+19.78%), and Hechang Polymer (+17.28%) [28][30] Group 3 - Beiterui reported a revenue of 12.384 billion yuan for the first three quarters of 2025, a year-on-year increase of 20.6%, with a net profit of 768 million yuan, up 14.37% [16][62] - Hechang Polymer achieved a revenue of 1.379 billion yuan, a 23.73% increase year-on-year, with a net profit of 129 million yuan, up 41.87% [3][62] - Andatech, despite not turning a profit, saw a significant reduction in losses with a revenue increase of 109.02% to 2.273 billion yuan [20][62]

证券代码：920089 证券简称：禾昌聚合 公告编号：2025-087 苏州禾昌聚合材料股份有限公司 第五届董事会第十六次会议决议公告 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 10 月 29 日 2.会议召开地点：公司三楼会议室 会议应出席董事 8 人，出席和授权出席董事 8 人。 二、议案审议情况 （一）审议通过《关于公司<2025 年第三季度报告>的议案》 1.议案内容： 2025 年第三季度公司董事会严格按照法律法规、规范性文件及《公司章程》 的规定依法运作，积极开展工作，贯彻落实股东会的各项决议，不断规范公司治 理。公司董事会对 2025 年第三季度所做的各项工作进行总结和分析，形成《2025 年三季度报告》。 3.会议召开方式：现场方式 4.发出董事会会议通知的时间和方式：2025 年 10 月 17 日以邮件、书面通 知方式发出 5.会议主持人：董事长赵茜菁女士 6.会议列席人员：高级管理人员 7.召开情况合 ...

Market Overview - The plastic sector increased by 0.56% on October 29, with Dongcai Technology leading the gains [1] - The Shanghai Composite Index closed at 4016.33, up 0.7%, while the Shenzhen Component Index closed at 13691.38, up 1.95% [1] Top Gainers in Plastic Sector - Dongcai Technology (601208) closed at 21.48, up 5.92% with a trading volume of 1.18 million shares and a transaction value of 253.7 million yuan [1] - Hechang Polymer (920089) closed at 19.57, up 4.32% with a trading volume of 55,100 shares and a transaction value of 106 million yuan [1] - Meilian New Materials (300586) closed at 11.30, up 3.86% with a trading volume of 471,100 shares and a transaction value of 54 million yuan [1] Top Losers in Plastic Sector - Qide New Materials (300995) closed at 44.02, down 6.08% with a trading volume of 36,900 shares and a transaction value of 163 million yuan [2] - Yongli Co. (300230) closed at 5.15, down 3.20% with a trading volume of 385,100 shares and a transaction value of 198 million yuan [2] - Weisaibo (688718) closed at 14.37, down 2.84% with a trading volume of 27,600 shares and a transaction value of 39.99 million yuan [2] Capital Flow Analysis - The plastic sector experienced a net outflow of 311 million yuan from institutional investors, while retail investors saw a net inflow of 126 million yuan [2] - The top stocks with significant net inflows from retail investors include Yongli Co. with 24.64 million yuan and Hechang Polymer with 490,210 yuan [3] - Major stocks with net outflows from institutional investors include Stik (300806) with 71.76 million yuan and Wankai New Materials (301216) with 50.07 million yuan [3]

Group 1 - The report highlights the implementation of export controls on superhard materials by the Ministry of Commerce and the General Administration of Customs, affecting products such as synthetic diamond powders and CVD equipment [2][11]. - China's superhard materials industry is globally leading, with a production share of over 95% in industrial diamonds, supported by a monopolized supply chain in Henan and a significant market share in diamond wire saws [3][16]. - The future development of the superhard materials industry will focus on high-end and specialized applications, with an emphasis on technological independence and green transformation [3][23]. Group 2 - The report notes a decline of 3.59% in the chemical new materials sector on the North Exchange, with only the rubber and plastic products sector showing an increase [4][30]. - Key companies in the sector, such as LITONG Technology and HUIFENG Diamond, have shown significant stock performance, with LITONG Technology increasing by 39.83% [4][37]. - The report provides insights into the financial performance of MINSHIDA, which reported a 28.88% year-on-year increase in net profit for the first three quarters of 2025 [5][74]. Group 3 - The superhard materials industry is experiencing a trend towards high-end and diversified applications, extending from traditional industrial processing to high-value sectors like semiconductors and aerospace [13][19]. - The report outlines the core demands for various applications of superhard materials, including high hardness for industrial processing and high thermal conductivity for semiconductor applications [14]. - The competitive landscape of the superhard materials industry will increasingly focus on eliminating outdated production capacity and supporting specialized enterprises [23][26].