证券代码：600114 股票简称：东睦股份 编号： 2025-017 东睦新材料集团股份有限公司 NBTM NEW MATERIALS GROUP Co., Ltd. 关于上海证券交易所监管工作函回复公告的 补充公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记 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责任。 东睦新材料集团股份有限公司（以下简称"公司"）于2025年3月25 日在上海证券交易所网站（www.sse.com.cn）披露了《东睦股份关于上海 证券交易所监管工作函的回复公告》（公告编号：2025-016），该公告中 对公司于2020年1月14日签订的《东睦新材料集团股份有限公司与上海钟 于企业管理有限公司、钟伟、于立刚、上海创精投资咨询合伙企业（有限 合伙）关于上海富驰高科技股份有限公司的股份转让协议》（以下简称 "股份转让协议"）的第7条公司治理、第9条股份转让的排他性、第10条 优先购买权、第12条分拆上市及利润分配等条款进行了披露。现对该《股 份转让协议》的甲方、乙方补充披露如下： 证券代码：600114 股票简称：东睦股份 编号： 2025-0 ...

证券代码：600114 股票简称：东睦股份 编号： 2025-016 东睦新材料集团股份有限公司 NBTM NEW MATERIALS GROUP Co., Ltd. 关于上海证券交易所监管工作函的回复公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记 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责任。 东睦新材料集团股份有限公司（以下简称"公司"或"东睦股份"） 于近日收到上海证券交易所上市公司管理一部出具的《关于东睦新材料集 团股份有限公司发行股份及支付现金购买资产暨关联交易预案的监管工作 函》（上证公函【2025】0245号，以下简称"监管工作函"）。收到监管 工作函后，公司及全体董监高对此高度重视，并积极组织相关人员就监管 工作函涉及的问题进行了认真核查落实，现就有关问题回复如下： 你公司2020年1月15日披露收购上海富驰高科技股份有限公司（以下 简称上海富驰）股份的公告，以10.39亿元现金收购上海富驰75%的股权 （以下简称"前次收购"）。交易各方签署《东睦新材料集团股份有限 公司与上海钟于企业管理有限公司、钟伟、于立刚、上海创精投资咨询 合伙企业（有限 ...

Investment Rating - The report maintains a "Buy" rating for the company [4]. Core Views - The acquisition of 20.75% of Shanghai Fuchi shares, increasing the company's stake to 85%, will solidify its strategic position in the MIM (Metal Injection Molding) business and enhance business synergy, reinforcing its competitive advantage in high-end manufacturing [1][3]. - The company's three main businesses (P&S, SMC, MIM) are expected to resonate positively, with the MIM business poised for rapid growth as the market for foldable smartphones expands [1][9]. - The company is considered an undervalued player in the humanoid robot sector, with potential growth driven by the integration of axial flux motors, P&S, and MIM technologies [1][10]. Summary by Sections Acquisition Details - The company plans to acquire 20.75% of Shanghai Fuchi through a combination of share issuance and cash payment, with the share price set at 14.68 CNY per share, which is 80% of the average trading price over the last 60 trading days [2]. Business Performance - The company anticipates a significant increase in net profit for 2024, projecting a year-on-year growth of 92%-107%, with revenues expected to exceed 5 billion CNY [3][7]. - The three main business segments are expected to achieve record highs, driven by increased orders and improved production efficiency [3][8]. Business Segments 1. **P&S Business**: Benefiting from the growth of the automotive sector and the exit of foreign competitors, the P&S business is expected to see stable growth [8]. 2. **SMC Business**: The SMC segment is experiencing continuous improvement in demand, particularly in the photovoltaic and home appliance sectors [8]. 3. **MIM Business**: The MIM segment is set for rapid development, particularly with the anticipated increase in foldable smartphone shipments, projected to reach approximately 10.86 million units in 2024, a 52.4% year-on-year increase [9]. Financial Projections - The company forecasts revenues of over 5 billion CNY in 2024, with net profits expected to reach between 395.95 million CNY and 655.71 million CNY by 2025 [13]. - The projected P/E ratios for 2024 and 2025 are 38 and 23, respectively, reflecting the company's growth potential and industry position [11].

Summary of Dongmu Co., Ltd. Conference Call Company Overview - Dongmu Co., Ltd. is a platform company with diversified customers and products, reducing risks associated with reliance on single clients or products [2][6] Key Points and Arguments - **Business Fundamentals**: Management believes the company's fundamentals are improving, with stock performance exceeding expectations post-merger suspension. The merger is expected to enhance consolidated earnings and resolve historical issues, such as commitments related to Shanghai Fuchi's spin-off listing [2][10] - **Future Growth**: The company anticipates continued growth, with new products being launched and operational capabilities improving by 2025. The management emphasizes that the overall business is functioning normally and positively [2][6] - **Shareholder Interests**: During merger negotiations, management focused on protecting minority shareholders' interests, ensuring minimal dilution effects (approximately 3%) and projecting profit growth of 1 to 2 billion RMB [2][7][10] - **Market Sentiment**: Despite recent market volatility and negative media coverage, the company maintains strong fundamentals and record-high performance. Investors are encouraged to focus on long-term growth rather than short-term fluctuations [3][8][9] - **Valuation**: The current P/E ratio is below 20, with a dividend yield of 2.6%. The company is considered undervalued, presenting a buying opportunity [11][22] Additional Important Insights - **M&A Progress**: The merger and asset restructuring were completed after a ten-day suspension, with performance exceeding initial expectations. The company has maintained confidentiality during negotiations [4][21] - **Technological Developments**: Dongmu is expanding into emerging technologies, including liquid metal and robotics, which are expected to contribute to future revenue growth [4][14][24] - **Market Dynamics**: The company has not experienced a decline in sales revenue, with a projected growth of over 10% this year. The MIM (Metal Injection Molding) sector is highlighted as a significant growth area due to its cost advantages over 3D printing [18][24] - **Investment Strategy**: Investors are advised to remain rational and base decisions on fundamentals rather than market emotions, as the company continues to achieve record performance [20][23] Conclusion Dongmu Co., Ltd. is positioned for significant growth with a strong focus on shareholder value, technological advancements, and a solid operational foundation. The current market conditions present a favorable investment opportunity, given the company's undervaluation and robust performance outlook.

Group 1 - The company Dongmu Co., Ltd. plans to acquire a 20.75% stake in Shanghai Fuchi through a combination of share issuance and cash payment to four parties [1] - The company primarily engages in the research, production, sales, and value-added services of new materials and products, with revenue mainly derived from two business segments: P&S and SMC [1] - After acquiring control of Shanghai Fuchi in 2020, the company quickly entered the MIM (Metal Injection Molding) field, expanding its business into communication terminal and medical device industries [1][2] Group 2 - MIM technology combines the advantages of powder metallurgy and plastic injection molding, making it suitable for producing complex and high-performance components [2] - The global market for MIM products is experiencing rapid growth, driven by increasing demand for material diversification and lightweight products in various sectors, including communications, automotive, and medical devices [2] - Shanghai Fuchi's products are widely used across multiple industries, making it a core strategic resource for enhancing industrial competitiveness and advancing to higher levels of the global value chain [2] Group 3 - Shanghai Fuchi reported revenues of 1.173 billion, 1.036 billion, and 1.283 billion yuan for the years 2022, 2023, and the first nine months of 2024, respectively, with net profits of 3.0142 million, -55.6163 million, and 65.1493 million yuan [3] - Prior to the transaction, Dongmu Co., Ltd. held a 64.25% stake in Shanghai Fuchi, which will increase post-transaction, enhancing control and resource integration [3] - The transaction is expected to strengthen the company's control over Shanghai Fuchi, enhance business synergy, and accelerate the construction of an innovation ecosystem, thereby consolidating its competitive advantage in high-end manufacturing [3]

1、根据《公司法》《证券法》《重组管理办法》《证券发行注册管理办法 》《上市公司监管指引第9号——上市公司筹划和实施重大资产重组的监管要求》 《公开发行证券的公司信息披露内容与格式准则第 26 号——上市公司重大资产 重组》等有关法律、行政法规、部门规章及其他规范性文件的相关规定， 经过 对公司实际情况及相关事项进行认真自查论证后，公司本次发行股份及支付现 金购买资产符合上述有关法律、法规及规范性文件的相关规定，不存在损害公 司及其股东，尤其是中小股东利益的情形。 2、根据《重组管理办法》《上市规则》相关规定，本次交易构成关联交易 ，不构成重大资产重组，不构成重组上市。 3、公司就本次交易编制的《东睦新材料集团股份有限公司发行股份及支付 现金购买资产暨关联交易预案》及其摘要的内容真实、准确、完整，该预案及 其摘要已详细披露了本次交易需要履行的法律程序，并充分揭露了本次交易相 3 关风险，不存在虚假记载、误导性陈述或重大遗漏，有效地保护了公司及投资 者的利益，符合相关法律、法规及规范性文件的规定。 4、截至目前，本次交易相关的审计、评估工作尚未完成，本次交易标的资 产的评估值及交易价格尚未确定。本次交易标的资产 ...

证券代码：600114 证券简称：东睦股份 上市地点：上海证券交易所 东睦新材料集团股份有限公司 发行股份及支付现金购买资产 暨关联交易预案（摘要） | 项目 | 交易对方名称 | | --- | --- | | 发行股份及支付现金购买资产 | 钟伟、上海创精投资咨询合伙企业（有限合伙）、宁波华 莞企业管理合伙企业（有限合伙）、宁波富精企业管理合 | | | 伙企业（有限合伙） | 二〇二五年三月 东睦新材料集团股份有限公司发行股份及支付现金购买资产暨关联交易预案（摘要） 上市公司声明 本预案摘要的目的仅为向公众提供有关本次交易的简要情况，并不包括预案全文 的各部分内容。预案全文同时刊载于上海证券交易所网站。 本公司及全体董事、监事、高级管理人员保证预案及本预案摘要内容的真实、准 确、完整，对预案及本预案摘要的虚假记载、误导性陈述或者重大遗漏负相应的法律 责任。 截至本预案摘要签署日，与本次交易相关的审计、评估等工作尚未全部完成，预 案及本预案摘要中涉及的部分数据尚未经过符合相关法律法规要求的审计机构的审计 或评估机构的评估，请投资者审慎使用。本公司及全体董事、监事和高级管理人员保 证预案及本预案摘要所引用的 ...

系睦新材料集团股份有限公司董事会 关于本次交易信息公布前公司股票价格波动情况的说明 东睦新材料集团股份有限公司(以下简称"公司"或"上市公司")拟通过 发行股份及支付现金的方式购买上海富驰高科技股份有限公司 20.75%股权（以 下简称"本次交易"),根据《上海证券交易所上市公司自律监管指引第 6 号一 一重大资产重组》等相关规定,公司董事会就本次交易信息公布前股票价格波动 是否达到《上海证券交易所上市公司自律监管指引第 6 号 -- 重大资产重组》相 关标准进行了核查,说明如下: 因筹划本次交易事项,经申请,公司股票自 2025年 2 月 25 日开市起停牌, 停牌前 20 个交易日累计涨跌幅计算的时间区间为 2025 年 1 月 17 日至 2025 年 2 月 24 日,在停牌前 20个交易日内的累计涨跌幅以及相同时间区间内上证指数 (代码:000001.SH)及申万金属制品行业指数(代码;850751. SL)的累计涨跌 幅情况如下: 公司股价在停牌前 20个交易日内的累计涨幅为 52.03%;扣除同期上证指数 累计涨幅 4.05%后,公司股票价格累计涨幅为 47. 98%;扣除同期申万金属制品行 业 ...

除上述外,在公司审议本次交易方案的第一次董事会召开日前12个月内不 存在购买、出售与本次交易购买的标的资产属于同一或相关资产的行为。 特此说明。 东睦新材料集团股份有限公司(以下简称"公司")拟通过发行股份及 支付现金的方式购买上海富驰高科技股份有限公司(以下简称"上海富驰"、 "标的公司"）20.75%股权(以下简称"标的资产")(上述交易以下简称" 本次交易"）。 根据《上市公司重大资产重组管理办法》的相关规定:"上市公司在十二 个月内连续对同一或者相关资产进行购买、出售的,以其累计数分别计算相应数 额。已按照本办法的规定编制并披露重大资产重组报告书的资产交易行为,无须 纳入累计计算的范围。中国证监会对本办法第十三条第一款规定的重大资产重组 的累计期限和范围另有规定的,从其规定。交易标的资产属于同一交易方所有或 者控制,或者属于相同或者相近的业务范围,或者中国证监会认定的其他情形下, 可以认定为同一或者相关资产。" 2025年2月18日,公司与石河子市百川股权投资有限合伙企业签订了《东睦 新材料集团股份有限公司与石河子市百川股权投资有限合伙企业关于上海富驰 高科技股份有限公司之股份转让协议》,公司以人民币 ...

关于签署《关于上海富驰高科技股份有限公 司的股份转让协议之补充协议》的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记 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责任。 证券代码：600114 股票简称：东睦股份 编号：2025-014 东睦新材料集团股份有限公司 NBTM NEW MATERIALS GROUP Co., Ltd. 乙方二：钟伟 乙方三：于立刚 乙方四：上海创精投资咨询合伙企业（有限合伙） 1 东睦新材料集团股份有限公司（以下简称"公司"）拟通过发行股份 及支付现金的方式向钟伟、上海创精投资咨询合伙企业（有限合伙）、宁 波华莞企业管理合伙企业（有限合伙）、宁波富精企业管理合伙企业（有 限合伙）共4名交易对方购买其合计持有的上海富驰高科技股份有限公司 （以下简称"上海富驰"或"标的公司"）20.75%股权，本次交易完成 后，上述交易对方不再直接持有上海富驰的股份。 2020年1月14日，公司签署了《东睦新材料集团股份有限公司与上海 钟于企业管理有限公司、钟伟、于立刚、上海创精投资咨询合伙企业（有 限合伙）关于上海富驰高科技股份有限公司的股份转让协议 ...