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。 证券代码：920121 证券简称：江天科技 公告编号：2025-018 苏州江天包装科技股份有限公司 关于召开 2026 年第一次临时股东会通知公告（提供网络投票） 一、会议召开基本情况 （一）股东会届次 本次会议为 2026 年第一次临时股东会。 （二）召集人 本次股东会的召集人为董事会。 根据《公司法》和《公司章程》的有关规定，公司董事会于 2026 年 1 月 9 日召开第二届董事会第十七次会议，审议通过了《关于提请召开公司 2026 年第 一次临时股东会的议案》，表决结果为同意 5 票，反对 0 票，弃权 0 票。 （三）会议召开的合法合规性 本次股东会的召集、召开符合有关《公司法》《上市公司股东会规则》和《公 司章程》等相关规定。 （四）会议召开方式 本次会议采用现场投票和网络投票相结合方式召开。 公司股东只能选择上述投票方式中的一种表决方式，同一表决权出现重复 投票的以第一次有效投票结果为准。 （五）会议召开日期和时间 1、现场会议召开时间：2 ...

证券代码：920121 证券简称：江天科技 公告编号：2026-002 苏州江天包装科技股份有限公司 第二届董事会第十七次会议决议公告 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：2026 年 1 月 9 日 2.会议召开地点：江苏省苏州市吴江经济技术开发区庞金路 1998 号苏州江 天包装科技股份有限公司会议室 3.会议召开方式：现场及通讯 4.发出董事会会议通知的时间和方式：2026 年 1 月 4 日以通讯方式发出 鉴于公司本次公开发行募集资金净额为 24,790.50 万元，低于公司《招股说 明书》中的募投项目拟投入的募集资金金额 53,072.19 万元，根据《北京证券交 易所上市公司持续监管办法（试行）》《北京证券交易所股票上市规则》等规定， 对募投项目拟投入募集资金金额进行调整，具体调整内容详见公司于 2026 年 1 月 13 日在北京证券交易所信息披露平台（www.bse.cn）上披露的《关于调整募 集资金投资项目拟投入 ...

Financing & Review - In December 2025, the Beijing Stock Exchange (BSE) issued 2 new stocks, raising a total of 604 million yuan, with a cumulative issuance of 25 stocks throughout the year, amounting to 7.309 billion yuan[5] - 13 companies passed the review in December, an increase of 3 from the previous month, while 3 companies were terminated, and 7 companies were registered, with 53 new companies accepted for review[5] Subscription & Issuance - The median first-day increase for the 3 new stocks listed in December was +364.67%, with individual increases of +966.54%, +364.67%, and +209.92% for the respective stocks[3] - The cumulative return rate for new stock subscriptions in 2024 was +4.33%, while the return rate for 2025 (January to December) was +3.31%[3] Market Trends & Predictions - The median price-to-earnings ratio (P/E) for new stock issuances in December was 10x, a decrease of 11.62% from the previous month[5] - The expected average subscription amount for new stocks is set at 1.359 million yuan, with a median subscription rate of 0.03%[5] Investment Insights - The total fundraising amount for new stocks in 2025 was 7.309 billion yuan, with a top subscription yield increase of 45.98 thousand yuan and a yield increase of +3.31%[5] - The report suggests focusing on high-quality expansion opportunities in 2026, with a significant increase in the review speed and a backlog of approximately 30 companies awaiting issuance[5] Risk Factors - Potential risks include slower-than-expected issuance speed at the BSE, lower-than-expected stock price increases, changes in the new stock issuance system, and rapid growth in new stock subscription accounts[5]

Investment Rating - The report maintains an "Outperform" rating for the Beijing Stock Exchange (BSE) [5] Core Insights - The BSE has seen a rebound in trading activity, with a total of 288 listed companies and a total market capitalization of 869.44 billion yuan, reflecting a 5.1% increase in total market value and a 3.6% increase in circulating market value month-on-month [13][12] - The BSE's trading volume reached 19.344 billion shares and a transaction amount of 438.402 billion yuan in December, with a month-on-month increase of 13.9% in trading volume and 16.4% in transaction amount [17][20] - The BSE 50 Index's price-to-earnings ratio (PE-TTM) is 43.78, placing it at the 56.73 percentile over the past two years, while the price-to-book ratio (PB-MRQ) is 8.85, at the 85.09 percentile [25][26] - The BSE 50 Index experienced a cumulative increase of 3.80% in December, indicating a strong upward trend [29] Market Overview - The BSE added three new companies in December: Hengdongguang (920045.BJ), Jiangtian Technology (920121.BJ), and Jingchuang Electric (920035.BJ) [13][3] - The average daily margin balance in December was 7.739 billion yuan, showing a slight decrease of 0.64% compared to the previous month [22] Industry Performance - The report highlights that the performance across various industries on the BSE was mixed, with significant gains in sectors such as non-ferrous metals, automotive, telecommunications, and media, while sectors like utilities, social services, beauty care, agriculture, and defense saw declines [33][34] - The top-performing stocks for the month included Hengdongguang, Jingchuang Electric, and Jiangtian Technology [38] Policy and Important Events - The BSE has shown positive dynamics in listing reviews, institutional research, thematic funds, and new stock performance, indicating a clear policy direction aimed at enhancing market vitality and service efficiency [4]

Core Viewpoint - Jiangtian Technology announced a public offering of 13,213,637 shares at a price of 21.21 yuan per share, raising a total of 280.26 million yuan, with a net amount of 247.91 million yuan after deducting issuance costs [2] Fundraising Details - The funds raised will be exclusively used for the "Jiangtian R&D and Manufacturing Comprehensive Base Construction Project" [2] - The funds were confirmed to be in place as of December 18, 2025 [2] - A tripartite supervision agreement has been signed with Guotou Securities and four banks [2]

关于签署募集资金三方监管协议的公告 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、募集资金基本情况 苏州江天包装科技股份有限公司（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申请于 2025 年 10 月 31 日经北京证券交 易所上市委员会审核同意，并于 2025 年 11 月 24 日获得中国证券监督管理委员 会（以下简称"中国证监会"）出具的《关于同意苏州江天包装科技股份有限公 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〔2025〕2598 号）， 公司股票于 2025 年 12 月 25 日在北京证券交易所上市。 证券代码：920121 证券简称：江天科技 公告编号：2026-001 苏州江天包装科技股份有限公司 公司本次向不特定合格投资者公开发行普通股 13,213,637 股，每股面值为人 民币 1.00 元，每股发行价格为 21.21 元，募集资金总额为人民币 28,026.12 万元， 扣除发行费用（不含税）3,235.62 万元，公司本次募 ...

Core Viewpoint - Five new stocks will be available for subscription next week, with Shuangxin Environmental Protection ranking sixth in total shares issued among new A-shares in 2025 and first among new stocks on the Shenzhen Stock Exchange [1] Group 1: New Stock Offerings - The new stocks available for subscription include Jianxin Superconductor, Jiangtian Technology, Qiangyi Co., Yufan Technology, and Shuangxin Environmental Protection [1] - Jianxin Superconductor has an issue price of 18.58 yuan per share and a total issuance of 41.92 million shares, with 10.06 million shares available for online subscription [2] - Jiangtian Technology's issue price is 21.21 yuan per share, with a total issuance of 13.21 million shares, and 11.89 million shares available for online subscription [9][10] Group 2: Company Profiles - Jianxin Superconductor specializes in the R&D, production, and sales of core components for MRI equipment, with a global market share of approximately 4.2% [2] - Jiangtian Technology focuses on the R&D and production of label printing products, with major clients including Yangshengtang and Nongfu Spring [10] - Qiangyi Co. is a leading enterprise in the semiconductor probe card industry, with significant growth in revenue expected [14][17] Group 3: Financial Performance - Jianxin Superconductor's revenue for 2022 to 2024 is projected at 3.59 billion yuan, 4.51 billion yuan, and 4.25 billion yuan, with a net profit of 346.35 million yuan, 487.35 million yuan, and 557.84 million yuan respectively [5] - Jiangtian Technology's revenue for the same period is expected to be 3.84 billion yuan, 5.07 billion yuan, and 5.38 billion yuan, with net profits of 744.54 million yuan, 964.61 million yuan, and 1.02 billion yuan [10] - Shuangxin Environmental Protection anticipates a revenue of 37.18 billion yuan for 2025, reflecting a growth of 6.66% [25]

Core Viewpoint - Jiangtian Technology (920121) experienced a significant decline of 7.96% in its stock price, with a trading volume turnover rate of 39.01% and a total transaction value of 224 million yuan on the day of reporting [2] Trading Activity Summary - The stock was listed on the North Exchange due to its turnover rate reaching 39.01%, with institutional investors net buying 897,000 yuan [2] - According to statistics from Securities Times Data Treasure, the top five trading departments had a combined transaction value of 43.31 million yuan, with a total buying amount of 22.88 million yuan and selling amount of 20.43 million yuan, resulting in a net buying of 2.45 million yuan [2] - Among the trading departments, one institutional specialized seat was present, ranking second in buying and fifth in selling, with a buying amount of 4.0045 million yuan and a selling amount of 3.1075 million yuan, leading to a net buying of 897,000 yuan [2] Detailed Trading Data - The top buying and selling departments for Jiangtian Technology on December 29 are as follows: - Buy One: Guotai Junan Securities Co., Ltd. Shenzhen Xiangmi Lake Road Branch, buying amount 5.8638 million yuan, selling amount 55,900 yuan - Buy Two: Institutional Specialized, buying amount 4.0045 million yuan, selling amount 3.1075 million yuan - Buy Three: Guojin Securities Co., Ltd. Shenzhen Branch, buying amount 2.7821 million yuan, selling amount 423,700 yuan - Sell One: Dongfang Caifu Securities Co., Ltd. Lhasa Tuanjie Road First Securities Branch, buying amount 980,600 yuan, selling amount 4.802 million yuan [2]

Core Viewpoint - Jiangtian Technology (920121) experienced significant trading activity on December 29, 2025, with a turnover rate of 39.01% and a transaction volume of 4.6391 million shares, amounting to a total transaction value of 224 million yuan [1][2]. Trading Activity Summary - The top buying seat was from Guotai Junan Securities Co., Ltd. Shenzhen Xiangmi Lake Road Branch, with a purchase amount of 5.8638 million yuan [2]. - The top selling seat was from Dongfang Caifu Securities Co., Ltd. Lhasa Tuanjie Road First Securities Business Department, with a selling amount of 4.802 million yuan [2]. - Other notable buying activities included institutional purchases totaling approximately 4.0045 million yuan and additional contributions from various securities firms [2].

Group 1 - The market sentiment is positive, with the North Exchange 50 Index rising by 1.19% and a total of 76 stocks increasing in value, while 209 stocks declined, resulting in a rise-fall ratio of 0.36 [2][8][30] - Key market themes include commercial aerospace, Hainan's "closure" theme, liquid cooling, rising lithium battery material prices, and record copper prices, indicating active thematic investments in future industries such as quantum technology, biomanufacturing, hydrogen energy, and nuclear fusion [8][9][12] - The report emphasizes the importance of timing in thematic investments, particularly in the context of the upcoming "14th Five-Year Plan" and suggests focusing on North Exchange stocks related to future industries [9][10] Group 2 - The North Exchange's new stock quality is expected to improve, with attention on changes in new stock allocation policies for 2026 and upcoming listings, including Wei Dongguang [10][21][27] - This week, one new stock, Jiangtian Technology, was listed with a first-day increase of 180.58%, bringing the total number of listed companies on the North Exchange to 287 [21][27] - The report highlights the potential for significant returns from low-valuation stocks such as Tongli Co., KAIT Co., and others, as new funds are expected to return in early 2026 [10][12][40]