[Core Summary of Performance Forecast](index=1&type=section&id=Important%20Content%20Notice) The company forecasts net profit attributable to shareholders for H1 2025 to be RMB 550 million to RMB 650 million, a 44.82% to 71.15% year-over-year increase, with non-recurring adjusted net profit also showing substantial growth 2025 Semi-Annual Performance Forecast | Metric | 2025 H1 Forecast | 2024 H1 (Prior Period) | YoY Growth | | :--- | :--- | :--- | :--- | | **Net Profit Attributable to Shareholders** | 550 - 650 RMB Million | 380 RMB Million | +44.82% to +71.15% | | **Non-recurring Adjusted Net Profit** | 501 - 601 RMB Million | 349 RMB Million | +43.48% to +72.12% | [Details of Current Period Performance Forecast](index=1&type=section&id=I.%20Current%20Period%20Performance%20Forecast%20Status) This performance forecast covers January 1 to June 30, 2025, with preliminary financial estimates indicating substantial growth in both net profit attributable to shareholders and non-recurring adjusted net profit, pending audit - The performance forecast period is from January 1, 2025, to June 30, 2025[4](index=4&type=chunk) Detailed 2025 Semi-Annual Performance Forecast Data | Item | Forecasted Amount (RMB Million) | YoY Change (RMB Million) | YoY Growth Rate | | :--- | :--- | :--- | :--- | | **Net Profit Attributable to Shareholders** | 550 - 650 | 170 - 270 | 44.82% - 71.15% | | **Non-recurring Adjusted Net Profit** | 501 - 601 | 152 - 252 | 43.48% - 72.12% | - This performance forecast is a preliminary estimate by the finance department and has not been audited by a certified public accountant[4](index=4&type=chunk) [Review of Prior Period Performance](index=2&type=section&id=II.%20Operating%20Performance%20and%20Financial%20Status%20in%20Prior%20Period) In H1 2024, the company achieved a net profit attributable to shareholders of RMB 380 million and non-recurring adjusted net profit of RMB 349 million, serving as the baseline for the current forecast 2024 Semi-Annual (Prior Period) Financial Data | Metric | Amount | | :--- | :--- | | Total Profit | 518 RMB Million | | Net Profit Attributable to Listed Company Shareholders | 380 RMB Million | | Non-recurring Adjusted Net Profit Attributable to Shareholders | 349 RMB Million | | Earnings Per Share | 0.1422 RMB Yuan | [Analysis of Performance Growth Drivers](index=2&type=section&id=III.%20Primary%20Reasons%20for%20Current%20Period%20Performance%20Increase) H1 2025 performance growth is primarily driven by strong performance across three key segments: modified plastics, green petrochemicals, and special engineering plastics, benefiting from product optimization, cost reduction, and increased market penetration in emerging fields - Modified Plastics Segment: Product structure optimization led to steady growth in sales and gross profit in automotive, electronics, and new energy sectors, alongside rapid expansion of overseas business[6](index=6&type=chunk) - Green Petrochemical Segment: Achieved cost reduction and efficiency improvement through industrial chain synergy with modified plastics, technological upgrades, and process optimization, actively developing high-end specialty materials[6](index=6&type=chunk) - Special Engineering Plastics Segment: Benefited from domestic supply chain autonomy demand, accelerating application in high-frequency communication and AI equipment fields due to technological advantages, leading to rapid growth in customer penetration and gross profit[6](index=6&type=chunk) [Risk Warning and Uncertainties](index=2&type=section&id=IV.%20Risk%20Warning) The company emphasizes that this performance forecast is a preliminary, unaudited estimate, with final accurate financial data subject to the officially disclosed 2025 semi-annual report, confirming no other significant uncertainties affecting its accuracy - This performance forecast has not been audited by an accounting firm, indicating inherent uncertainties[7](index=7&type=chunk) - Final financial data will be based on the company's officially disclosed 2025 semi-annual report, advising investors to be aware of investment risks[8](index=8&type=chunk)

Investment Rating - The report maintains an "Outperform" rating for the basic chemical industry [2] Core Viewpoints - The basic chemical sector has shown better performance than the market, with a year-to-date increase of 8.9%, outperforming the Shanghai Composite Index by 4.2 percentage points [4][16] - The global potash market is characterized by oligopoly, with major producers controlling supply and prices. Recent production cuts by key players are expected to sustain potash market conditions [5][27] - Phosphate supply remains tight, with stable prices and potential improvements in export opportunities as demand increases [5][27] Summary by Sections 1. Core Viewpoints - Policies are expected to improve supply-demand dynamics in the chemical sector, with a focus on cyclical investment opportunities [13] - The chemical industry is entering a new long-term prosperity cycle, driven by improved fundamentals and reduced risks [13][14] 2. Overall Performance of the Chemical Sector - The basic chemical industry index increased by 1.5% during the week, outperforming the Shanghai Composite Index by 0.4 percentage points [16] - Year-to-date, the basic chemical industry index has increased by 8.9%, significantly outperforming both the Shanghai Composite and ChiNext indices [16][18] 3. Individual Stock Performance in the Chemical Sector - Among 424 stocks in the basic chemical sector, 298 stocks rose while 123 fell during the week [25] - The top performers included companies like Shangwei New Materials (+72.9%) and Hongbo New Materials (+24.7%) [25][26] 4. Key News and Company Announcements - The autumn fertilizer preparation has begun, with a focus on investment opportunities in potash and phosphate fertilizers [27] - Major potash producers have announced production cuts, which are expected to tighten supply and support prices [5][27] - Phosphate prices remain stable, with potential for improved export conditions as demand increases [5][27] 5. Product Price Changes - The report highlights significant price increases in various chemical products, with notable gains in dimethylamine (+16.7%) and fatty alcohol (+8.2%) [6] - Conversely, urea prices have seen a significant decline (-15%) [6]

Core Viewpoint - The bio-based industry is rapidly developing under the dual drive of policy and demand, aiming for a collaborative upgrade towards non-grain raw materials, large-scale production, and diversified application scenarios [1] Group 1: Industry Development - Bio-based products are expected to continuously replace fossil raw materials due to their renewable nature, lower carbon emissions during production, and energy savings [2] - BASF views bio-based materials as a crucial part of its carbon management strategy, with sustainable sales accounting for 41% in 2023 and a target of over 50% by 2030 [2] - The Chinese government emphasizes the development of the bio-based industry as a strategic emerging industry and a key support for achieving carbon neutrality goals [2] Group 2: Challenges and Recommendations - The bio-based industry in China faces challenges in raw material costs, key technology, and application development, making it difficult to disrupt the dominance of petroleum-based products in the short term [3] - Experts recommend accelerating the transition from grain to non-grain raw materials, improving key technologies to enhance product performance, and expanding market application scenarios [3] Group 3: Future Directions of Bio-Manufacturing - Future bio-manufacturing will focus on six areas: biofuels, bio-based chemicals, bio-based materials, biopharmaceuticals, food industry products, and enzyme preparations [4][5] - Biofuels, such as bio-aviation fuel and biogas, are expected to gradually replace petroleum due to their low carbon and cost-effective characteristics [4] - The production of bio-based chemicals like succinic acid and pentamethylenediamine shows significant energy and greenhouse gas emission reductions compared to petrochemical routes [4]

Summary of Key Points Core Viewpoint - The announcement details the completion of a share reduction plan by shareholder Xiong Haitao, who reduced her holdings in Jinfat Technology Co., Ltd. by approximately 26.36 million shares, representing 0.9998% of the company's total share capital [1][4]. Group 1: Shareholder Information - Before the reduction plan, Xiong Haitao held 69,601,359 shares, accounting for 8.2015% of the total share capital [1]. - The reduction plan was initially disclosed on March 21, 2025, with a maximum intended reduction of 26,360,000 shares [1]. - The actual reduction occurred between April 25, 2025, and July 8, 2025, with a total of 26,359,900 shares sold [1][4]. Group 2: Reduction Details - The shares were sold through centralized bidding, with a price range of 10.26 to 11.22 CNY per share [3]. - The total amount raised from the share reduction was approximately 281.81 million CNY [3]. - After the reduction, Xiong Haitao and her concerted actions still hold a combined total of 189,881,459 shares, which is 7.2017% of the total share capital [3][4]. Group 3: Compliance and Confirmation - The actual reduction was consistent with the previously disclosed plan, and the minimum reduction quantity was achieved [4]. - The reduction plan was not terminated early and was fully implemented as intended [4].

证券代码：600143 证券简称：金发科技 公告编号：2025-060 金发科技股份有限公司 股东减持股份结果公告 本公司董事会、全体董事及相关股东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： 1 股东名称 熊海涛 股东身份 控股股东、实控人及一致行动人 □是 √否 直接持股 5%以上股东 □是 √否 董事、监事和高级管理人员 □是 √否 其他：与一致行动人合计持股 5%以上股东 持股数量 69,601,359股 持股比例 2.6398% 一、减持主体减持前基本情况 | 当前持股股份来源 | | --- | 当前持股股份来源 大宗交易取得：57,385,999股 其他方式取得：12,215,360股 注: 本次减持计划实施前，熊海涛女士未持有 IPO 前取得的股份，其此前已将其持有的 全部 IPO 前取得的股份转让给其一致行动人。 | 股东名称 | 持股数量 | 持股比 | 一致行动关系形 | | --- | --- | --- | --- | | | （股） | 例 | 成原因 | | 熊海涛 | 69,601,359 | 2. ...

Group 1: Company Performance - Wanwei High-tech expects a net profit of 235 million to 265 million yuan for the first half of 2025, representing a year-on-year increase of 81.34% to 104.48% [1] - Jin Guan Electric has won bids for projects from Southern Power Grid and Guangxi Power Grid, with a total bid amount of approximately 42.81 million yuan, accounting for 5.76% of the company's 2024 revenue [2] - Ankai Bus reported a June vehicle sales increase of 37.88% year-on-year, with a total production of 814 vehicles, a 52.23% increase [4] - Daqin Railway's June cargo transport volume increased by 5.29% year-on-year, totaling 32.42 million tons [5] - Xianggang Technology anticipates a net profit of 75 million to 85 million yuan for the first half of 2025, a year-on-year increase of 410% to 478% [9] - Longxin General expects a net profit of 1.005 billion to 1.12 billion yuan for the first half of 2025, a year-on-year increase of 70.52% to 90.03% [10] - Le Xin Technology forecasts a net profit of 250 million to 270 million yuan for the first half of 2025, a year-on-year increase of 65% to 78% [11] - I-Le Furniture expects a net profit of 80 million to 99 million yuan for the first half of 2025, a year-on-year increase of 76.08% to 117.90% [13] - Shennong Group sold 219,000 pigs in June, generating sales revenue of 385 million yuan [14] - Guohuo Airlines anticipates a net profit of 1.187 billion to 1.267 billion yuan for the first half of 2025, a year-on-year increase of 78.13% to 90.14% [45] Group 2: Industry Developments - The electric power equipment industry is seeing increased project bids, as evidenced by Jin Guan Electric's recent contracts [2] - The automotive industry is experiencing growth, with Ankai Bus reporting significant increases in both production and sales [4] - The railway transportation sector is showing resilience with Daqin Railway's cargo transport volume growth [5] - The pharmaceutical industry is advancing with clinical trial approvals, such as Wanbang's WP107 oral solution for treating myasthenia gravis [6] - The packaging and printing industry is witnessing substantial profit growth, as indicated by Xianggang Technology's performance forecast [9] - The agricultural sector, particularly in pig farming, is maintaining steady sales figures, as shown by Shennong Group's sales data [14]

二、公司在注册有效期内可分期发行中期票据，接受注册后如需备案发行， 应事前先向交易商协会备案。公司应按照有权机构决议及相关管理要求，进行发 行管理。发行完成后，应通过交易商协会认可的途径披露发行结果。 金发科技股份有限公司 关于中期票据注册申请获准的公告 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。 金发科技股份有限公司（以下简称"公司"）分别于 2025 年 1 月 6 日、2025 年 1 月 22 日召开了第八届董事会第十次（临时）会议和 2025 年第一次临时股东 大会，审议通过了《关于公司申请注册发行中期票据的议案》，同意公司向中国 银行间市场交易商协会（以下简称"交易商协会"）申请注册并在中国境内发行 本金总额不超过 40 亿元人民币（含 40 亿元）的中期票据。具体内容详见公司刊 登在指定信息披露媒体及上海证券交易所网站（www.sse.com.cn）上的相关公告。 近日，公司收到交易商协会出具的《接受注册通知书》（中市协注〔2025〕 MTN610 号），交易商协会决定接受公司中期票据注册，并就有关事项明确如 ...

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]