重要内容提示： | 回购方案首次披露日 | 2024/7/29 | | | | | | | --- | --- | --- | --- | --- | --- | --- | | 回购方案实施期限 | 年 月 年 2024 7 27 7 | 日~ | 2025 | 月 | 26 | 日 | | 预计回购金额 | 3亿元~5亿元 | | | | | | | 回购用途 | □减少注册资本 √用于员工持股计划或股权激励 □用于转换公司可转债 | | | | | | | 累计已回购股数 | □为维护公司价值及股东权益 6,197.94万股 | | | | | | | 累计已回购股数占总股本比例 | 2.35% | | | | | | | 累计已回购金额 | 45,139.27万元 | | | | | | | 实际回购价格区间 | 6.31元/股~9.58元/股 | | | | | | 一、 回购股份的基本情况 金发科技股份有限公司（以下简称"公司"）于 2024 年 7 月 27 日召开公司第 八届董事会第五次（临时）会议审议通过了《关于以集中竞价交易方式回购股份 方案的议案》，同意公司以自有资金通过集中竞价交易方式 ...

Group 1 - The core viewpoint is that lightweight technology is becoming a key direction for the development of the robotics industry, significantly enhancing performance, energy efficiency, and installation convenience while expanding application boundaries in specialized fields like space exploration and medical surgery [1] - The demand for improved motion performance, energy efficiency, and adaptability in robotics is increasing, making lightweight technology essential for enhancing acceleration, dynamic response, and flexibility, while also reducing energy dependence and maintenance costs [1] - High-performance materials such as PEEK, carbon fiber, aluminum-magnesium alloys, and nylon are emerging as crucial components for achieving lightweight designs in robotics, providing a solid foundation for the widespread adoption of lightweight technology [1] Group 2 - Significant advancements have been made in the lightweight solutions for core components such as motors, reducers, lead screws, joint modules, and structural parts, enhancing overall robot performance and efficiency [2] - Innovations like frameless motors, harmonic reducers, and planetary roller screw assemblies are contributing to the reduction of size and weight while improving key performance indicators such as stiffness, precision, and lifespan [2] - Related companies in the lightweight robotics sector include Xinhan New Materials, Zhongxin Fluorine Materials, Water Co., Polymeric Shun, Jiangsu Boyun, Xingyuan Zhuomei, Jinfat Technology, Pulit, Yongmaotai, Zhaomin Technology, Weike Technology, and Hengbo Co. [2]

Industry Overview - Modified nylon is an engineering plastic obtained by modifying nylon with various fillers or enhancers, exhibiting excellent mechanical properties, heat resistance, and processing capabilities, widely used in automotive, electronics, and machinery manufacturing industries [1][17] - The modified nylon market in China has shown rapid growth, with the market size increasing from 4.176 billion yuan in 2017 to 10.21 billion yuan in 2024, representing a compound annual growth rate (CAGR) of 13.62% [1][17] - The future focus of modified nylon will be on high performance and multifunctionality, including the development of new fillers and nanocomposites to enhance mechanical properties and special functions [1][17] Market Dynamics - The global modified nylon market is projected to grow from $8.999 billion in 2017 to $15.673 billion in 2024, with a CAGR of 8.25% [16] - The demand for modified nylon is driven by the increasing application in high-end markets such as electric vehicles, smart devices, and eco-friendly materials [16] Industry Development History - The modified nylon industry in China began in the 1970s, initially relying on imported technology and materials, with significant growth occurring in the 1990s due to rising demand from the automotive and electronics sectors [8][12] - By 2024, China's nylon production is expected to reach 4.59 million tons, reflecting a year-on-year growth of 6.25%, providing a solid raw material foundation for the modified nylon industry [12][14] Application Areas - Automotive components represent a significant application area for modified nylon, with the market demand closely linked to the development of China's automotive industry, which produced over 30 million vehicles in 2023 [14] - The trend towards lightweight materials in the automotive sector is creating opportunities for modified nylon in critical components such as engine parts and intake manifolds [14] Key Companies - Major companies in the modified nylon industry include Kingfa Technology, Hengshen New Materials, Shenda Co., Nanjing Julong, and others, with a market structure characterized by large enterprises dominating the high-end market and small to medium enterprises focusing on niche segments [20][22] - Kingfa Technology is noted for its focus on high-performance new materials and is expected to achieve a revenue of 32.075 billion yuan in 2024, reflecting an 18.95% year-on-year growth [23] - Hengshen New Materials specializes in nylon 6 products and is projected to have a revenue of 1.746 billion yuan in 2024, with a growth rate of 19.51% [25] Future Trends - The demand for high-performance enhanced materials is expected to grow, with key technological breakthroughs in whisker-reinforced and carbon fiber-reinforced nylon [27] - Nylon alloying is becoming a mainstream trend, optimizing mechanical properties and heat resistance through blending with other polymers [28] - The rise of nanotechnology in nylon applications is anticipated to enhance mechanical strength and thermal stability, expanding its use in precision fields [30] - The demand for environmentally friendly flame-retardant nylon is increasing, with a focus on halogen-free systems due to stricter environmental regulations [31] - Functional nylon applications are expanding, with anti-static, conductive, and magnetic properties being increasingly utilized in electronics and machinery [32] - The industry is shifting towards refined and integrated technologies, emphasizing material design and customized applications to meet downstream demands [33]

Investment Rating - The report maintains a positive outlook on the basic chemical industry [1] Core Insights - The prices of bio-jet fuel (SAF) and bio-diesel have increased, with SAF reaching $2230 per ton, up 9.85% week-on-week and 20.28% year-to-date [3][11] - Refrigerant prices remain strong, with R32 and R134a showing slight increases of 0.96% and 1.03% respectively [4][11] - The demand for high-performance fibers and lightweight materials is expected to rise due to advancements in robotics and the low-altitude economy [5][28] Summary by Sections 1. Sub-industry Tracking - Bio-jet fuel (SAF) and bio-diesel prices are on the rise, with SAF priced at $2230 per ton and bio-diesel at 8100 RMB per ton [3][11] - Refrigerant prices are stable, with R32 at 52500 RMB per ton and R134a at 49000 RMB per ton [4][11] - Prices for vitamins, multi-crystalline silicon, and other materials have declined [4][11] 2. Electronic Chemicals - The electronic chemicals sector focuses on materials for the electronics industry, including wet electronic chemicals and photolithography materials [13][16] - The market for semiconductor materials is projected to grow, with a significant increase in domestic production capabilities [20][23] 3. New Quality Productivity - Carbon fiber and ultra-high molecular weight polyethylene (UHMWPE) are highlighted as key materials benefiting from the low-altitude economy and robotics [28][30] - PEEK materials are gaining traction in humanoid robotics, with demand expected to grow significantly [33] 4. Lithium Battery/Storage Materials - Conductive agents like carbon black and carbon nanotubes are essential for lithium battery materials, with current market prices showing a downward trend [36][39] - Sodium-ion battery materials are also gaining attention due to their cost advantages [39] 5. Renewable and Modified Plastics - The demand for recycled plastics is increasing, with a notable rise in the proportion of recycled materials used in packaging [55][58] - Specialty engineering plastics are in demand across various industries, including automotive and aerospace [55][60] 6. Coatings, Inks, and Pigments - The demand for new functional coating materials is growing, driven by the automotive and consumer electronics sectors [62][64] 7. Market Performance - The basic chemical index has shown a 4.15% increase, outperforming the overall market [66][67]

Group 1 - The State Intellectual Property Office of China has published a patent application titled "A Succinic Acid Composition and Its Preparation Method and Application" by Jinfa Technology Co., Ltd., Zhuhai Jinfa Biomaterials Co., Ltd., and Liaoning Jinfa Biomaterials Co., Ltd. The application date is March 2025 [1] - The patent describes a succinic acid composition that includes a combination of succinic acid and fumaric acid, with fumaric acid content ranging from 10 to 200 ppm. This composition is derived from biomass and is designed to enhance storage stability, maintaining high purity and low impurity levels over time [1] - The succinic acid composition is intended for polyester synthesis, effectively inhibiting side reactions during polymerization, thereby improving polymerization efficiency and yielding high-quality polyester products [1] Group 2 - Jinfa Technology Co., Ltd. was established in 1993 in Guangzhou, primarily engaged in the rubber and plastic products industry, with a registered capital of 2.636 billion RMB. The company has invested in 35 enterprises and participated in 122 bidding projects, holding 279 trademark records and 3,532 patent records [2] - Zhuhai Jinfa Biomaterials Co., Ltd. was founded in 2009 in Zhuhai, focusing on chemical fiber manufacturing, with a registered capital of 316.3 million RMB. The company has invested in 3 enterprises and participated in 58 bidding projects, holding 7 trademark records and 264 patent records [2] - Liaoning Jinfa Biomaterials Co., Ltd. was established in 2022 in Panjin, primarily engaged in the manufacturing of chemical raw materials and products, with a registered capital of 500 million RMB. The company has participated in 21 bidding projects, holding 1 trademark record and 65 patent records [2]

Group 1 - The core viewpoint is that Jinfa Technology has shown significant growth since its IPO 21 years ago, with a market capitalization increase from 2.845 billion to 26.129 billion, reflecting the development of the modified plastics industry [1][5] - Jinfa Technology's main business includes the research, production, and sales of modified plastics, with modified plastics accounting for 53.00% of revenue and trade products at 20.44% [3] - The company has achieved a cumulative profit growth of 687.95% from a net profit of 1.05 billion in 2004 to 8.25 billion in 2024, with 61.9% of the years showing profit growth [3] Group 2 - Revenue has steadily increased from 35.061 billion in 2020 to 60.514 billion in 2024, with a compound annual growth rate of 14.65% over five years [3] - Profitability has been volatile, with net profit dropping from 4.588 billion in 2020 to 8.25 billion in 2024, experiencing significant declines in 2021 and 2023 [3] - The company's market value has increased 8.18 times since its IPO, peaking at 84.415 billion in February 2021, but has since decreased by 69.05% to 26.129 billion [5]

证券代码：600143 证券简称：金发科技 公告编号：2025-057 金发科技股份有限公司 关于实施 2024 年度权益分派后调整股份回购价格上限的公告 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法律责任。 重要内容提示： 一、 股份回购的基本情况 金发科技股份有限公司（以下简称"公司"）于 2024 年 7 月 27 日召开公司 第八届董事会第五次（临时）会议审议通过了《关于以集中竞价交易方式回购股 份方案的议案》，同意公司以自有资金通过集中竞价交易方式回购公司股份，回 购价格不超过 9.58 元/股（含），回购金额为不低于人民币 3 亿元（含）且不超 过人民币 5 亿元（含），回购期限为自董事会审议通过本次回购股份方案之日起 12 个月内，详情请见公司在上海证券交易所网站 www.sse.com.cn 上发布的《金 发科技股份有限公司关于以集中竞价交易方式回购股份方案公告》《金发科技股 份有限公司关于以集中竞价交易方式回购股份的回购报告书》以下简称"《回购 报告书》"（公告编号分别为：2024-052、2024-053）。 二 ...

Summary of Key Points Core Viewpoint - The company has announced the adjustment of guarantee limits and the provision of guarantees for its subsidiaries, indicating a strategic move to support their financing needs while maintaining control over associated risks [1][29]. Group 1: Guarantee Overview - The company has signed guarantee contracts with China Minsheng Bank for its subsidiaries, including a maximum guarantee of RMB 39.5 million for Ningbo Jinfa New Materials Co., Ltd. and RMB 7 million for Guangdong Jinfa Technology Co., Ltd. [2][19] - The total new guarantee amount provided by the company is RMB 39.05 million, with existing guarantees totaling RMB 6.081 billion [3][4]. Group 2: Financial Details - As of June 10, 2025, the company's total external guarantees amount to RMB 232.2 billion, which exceeds 129.27% of the audited net assets for 2024 [29]. - The company has adjusted the guarantee limit for its subsidiary Liaoning Jinfa Technology Co., Ltd. from RMB 9.5 billion to RMB 9.48 billion, while providing a new guarantee of RMB 2 million to Guangdong Hengqin Jinfa Supply Chain Management Co., Ltd. [4][5]. Group 3: Subsidiary Information - Ningbo Jinfa New Materials Co., Ltd. is a wholly-owned subsidiary with a registered capital of RMB 3.43 billion, focusing on the production of polypropylene synthetic resin and related products [6][7]. - Guangdong Jinfa Technology Co., Ltd. is also a wholly-owned subsidiary with a registered capital of RMB 355.06 million, specializing in modified plastics and protective equipment [8][9]. - Guangdong Hengqin Jinfa Supply Chain Management Co., Ltd. is a controlled subsidiary with a registered capital of RMB 50 million, engaged in supply chain management services [10]. Group 4: Risk Management and Approval - The guarantees provided are within the limits approved by the company's shareholders, and no additional board or shareholder meetings are required for this adjustment [5][28]. - The company maintains effective management and oversight of its subsidiaries, ensuring that the risks associated with these guarantees are manageable [27][28].

金发科技股份有限公司 关于担保额度调剂及为控股子公司提供担保的进展公告 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法律责任。 证券代码：600143 证券简称：金发科技 公告编号：2025-056 重要内容提示: 特别风险提示：截至 2025 年 6 月 10 日，公司及其子公司对外担保总额 超过 2024 年经审计净资产 100%，对外担保余额超过 2024 年经审计净资产 50%， 均系公司对控股子公司提供的担保；本次被担保人资产负债率均超过 70%，敬请 广大投资者注意相关风险。 一、担保情况概述 （一）担保情况 近日，因金发科技股份有限公司（以下简称"公司"或"金发科技"）控股 子公司向银行申请融资、结算、外汇及金融衍生品交易等事宜，公司与中国民生 银行股份有限公司宁波分行（以下简称"民生银行宁波分行"）签署《最高额保 证合同》，为宁波金发新材料有限公司（以下简称"宁波金发"）提供最高额连 1 被担保人：（1）宁波金发新材料有限公司；（2）广东金发科技有限公 司；（3）广东横琴金发供应链管理有限公司 本次担保是否为关联担保： ...

关于金发科技股份有限公司 差异化权益分派事项的 法 律 意 见 书 广东南国德赛律师事务所 关于金发科技股份有限公司 差异化权益分派事项的 法律意见书 广东南国德赛律师事 致：金发科技股份有限公司 广东南国德赛律师事务所接受金发科技股份有限公司（简称"公司"）的委托，根据 《中华人民共和国公司法》（简称"《公司法》"）、《中华人民共和国证券法》（简称 "《证券法》"）、《上市公司股份回购规则》（简称"《回购规则》"）、《上海证券 交易所上市公司自律监管指引第 7 号——回购股份》（简称"《监管指引第 7 号》"）等 有关法律、法规和规范性法律文件以及《金发科技股份有限公司章程》（简称"《公司章 程》"）的相关规定，就本次差异化权益分派相关事宜出具本法律意见书。 本所为出具本法律意见书，特就有关事项声明如下： 1、本所律师根据《公司法》《证券法》《律师事务所从事证券法律业务管理办法》 《律师事务所证券法律业务执业规则》等有关法律、法规和规范性文件的有关规定，按照 律师行业公认的业务标准、道德规范和勤勉尽责精神出具本法律意见书。 2、本所律师承诺，已依据本法律意见书出具日以前已发生或存在的事实和我国现行 法律、法 ...