北京大成律师事务所 关 于 中国中车股份有限公司 及其一致行动人 免于发出要约事宜 之 北京大成律师事务所 www.dentons.cn 北京市朝阳区朝阳门南大街 10 号兆泰国际中心 B 座 16-21 层 16-21F，Tower B，ZT INTERNATIONAL CENTER， No.10，Chaoyangmen Nandajie Chaoyang District，100020，Beijing，China Tel：+86 10-58137799 Fax：+86 10-58137788 北京大成律师事务所关于中国中车股份有限公司及其一致行动人免于发出要约事宜之法律意见书 北京大成律师事务所 关 于 中国中车股份有限公司 及其一致行动人 免于发出要约事宜 之 法律意见书 法律意见书 大成（专）字[2025]第 195-3 号 大成（专）字[2025]第 195-3 号 致：中国中车股份有限公司 北京大成律师事务所（以下简称"本所"）接受委托，就中国中车股份有限 公司（以下简称"收购人"或"中国中车"）拟以无偿划转的方式收购中车株洲 电力机车研究所有限公司（以下简称"中车株洲所"）持有的株洲时代新材料科 ...

大成（专）字[2025]第 195-2 号 北京大成 律 师事务所 关 于 《株洲时代新材料科技股份有限公司 收购报告 书 》 之 法律意见书 法律意见书 大成（专）字[2025]第 195-2 号 致：中国中车股份有限公司 北京大成律师事务所（以下简称"本所"）接受中国中车股份有限公司（以 下简称"收购人"或"中国中车"）委托，就中国中车拟以无偿划转的方式收购 中车株洲电力机车研究所有限公司（以下简称"中车株洲所"）持有的株洲时代 新材料科技股份有限公司（以下简称"上市公司"或"时代新材"）国有法人股 251,418,735股股份（占上市公司总股本的27.00%）（以下简称"本次收购"）事 宜而编制的《株洲时代新材料科技股份有限公司收购报告书》（以下简称"《收 购报告书》"），出具本法律意见书。 本所律师出具本法律意见书的依据包括但不限于《中华人民共和国公司法》 《中华人民共和国证券法》（以下简称"《证券法》"）《上市公司收购管理办 法》《公开发行证券的公司信息披露内容与格式准则第16号——上市公司收购报 告书》等法律、行政法规、部门规章及其他规范性文件的有关规定。 北京大成律师事务所 www.denton ...

Financial Performance - The company's operating revenue for the third quarter reached CNY 5,693,331,190.91, representing a year-on-year increase of 29.25%[5] - The total profit for the period was CNY 166,872,669.19, reflecting a significant growth of 60.86% compared to the same period last year[5] - The net profit attributable to shareholders was CNY 124,913,862.42, which is an increase of 50.87% year-on-year[5] - The net profit after deducting non-recurring gains and losses was CNY 136,692,324.65, marking an 88.69% increase compared to the previous year[5] - Total operating revenue for the first three quarters of 2025 reached CNY 14.95 billion, an increase of 14.4% compared to CNY 13.07 billion in the same period of 2024[19] - Net profit for the first three quarters of 2025 was CNY 467.61 million, representing a 49.7% increase from CNY 312.57 million in 2024[20] - Earnings per share for the first three quarters of 2025 were CNY 0.50, compared to CNY 0.37 in the same period of 2024[21] - The company reported a total comprehensive income of RMB 393.14 million for the first three quarters of 2025, compared to RMB 251.19 million in the same period of 2024, reflecting a 56.4% increase[29] Assets and Liabilities - The company's total assets increased by 30.99% to CNY 26,843,610,083.91 compared to the end of the previous year[6] - As of September 30, 2025, the total current assets amounted to ¥19,007,955,583.17, an increase from ¥12,927,086,550.59 in the previous year, reflecting a growth of approximately 47.5%[14] - The company's total liabilities increased to CNY 18.32 billion in 2025 from CNY 13.69 billion in 2024, reflecting a growth of 33.5%[19] - Total liabilities increased to CNY 14.00 billion as of September 30, 2025, compared to CNY 9.67 billion at the end of 2024, representing a 44.5% rise[26] - The company's total equity rose to CNY 8.52 billion in 2025, up from CNY 6.80 billion in 2024, marking a 25.3% increase[19] - The company's total equity increased to CNY 7.42 billion as of September 30, 2025, up from CNY 5.91 billion at the end of 2024, reflecting a 25.5% increase[27] Cash Flow - Cash flow from operating activities for the year-to-date period was CNY 312,506,830.21, showing a 64.45% increase compared to the previous year[5] - Operating cash inflow for the first three quarters of 2025 reached CNY 11.57 billion, a 18.3% increase from CNY 9.77 billion in the same period of 2024[22] - Net cash flow from operating activities was CNY 312.51 million, up 64.5% from CNY 190.03 million year-on-year[22] - Cash and cash equivalents at the end of the period were CNY 2.56 billion, up from CNY 1.60 billion at the end of 2024[23] - The company generated RMB 5.13 billion in cash from sales of goods and services, up 36.4% from RMB 3.76 billion in the previous year[30] Inventory and Receivables - The company's inventory increased by 101.57%, indicating a rise in raw materials and finished goods prepared for production and delivery[10] - Inventory levels increased significantly to ¥4,303,100,388.99, compared to ¥2,134,746,450.00, marking a substantial rise of about 101.5%[15] - Accounts receivable rose to ¥6,755,478,889.83 from ¥5,334,192,600.72, representing a growth of approximately 26.6%[14] - The company's inventory increased significantly to CNY 2.25 billion as of September 30, 2025, from CNY 718.67 million at the end of 2024, indicating a 213.5% increase[25] Research and Development - Research and development expenses for the first three quarters of 2025 were CNY 698.13 million, slightly up from CNY 685.05 million in 2024[19] - Research and development expenses for the first three quarters of 2025 were RMB 347.75 million, slightly up from RMB 342.42 million in 2024, indicating continued investment in innovation[28] Other Information - The number of ordinary shareholders at the end of the reporting period was 41,839[12] - The company has not reported any changes in major shareholders or significant financing activities during the reporting period[14] - There are no significant new strategies or product developments mentioned in the conference call[14] - The company reported an investment income of CNY 6.25 million in 2025, a significant recovery from a loss of CNY 3.83 million in 2024[20] - The company’s investment activities resulted in a net cash outflow of RMB 435.02 million, compared to RMB 364.43 million in the same period last year, indicating ongoing investment efforts despite cash outflows[31] - The financial expenses decreased to RMB 4.58 million in 2025 from RMB 14.51 million in 2024, showing improved cost management[28]

证券代码：600458 证券简称：时代新材 公告编号：临 2025-070 株洲时代新材料科技股份有限公司 2025年第三季度主要经营数据公告 | 主要产品 | 2025年7-9月 2025 月 | 年 | 1-9 | 2025 年 7-9 月 | 2025 年 1-9 月 | | --- | --- | --- | --- | --- | --- | | | 产值 | 产值 | | 收入 | 收入 | | 汽车零部件 | 182,775.52 534,048.35 | | | 174,296.70 | 513,617.86 | | 轨道交通零部件 | 50,739.41 156,711.77 | | | 52,389.35 | 148,282.57 | | 工业与工程零部件 | 44,583.14 137,198.13 | | | 46,836.48 | 121,141.79 | | 风电叶片 | 9.59GW | 22.63GW | | 286,487.88 | 674,122.97 | 二、主要原材料的价格变动情况 单位：元/吨 主要原材料 第三季度平均采购价 前三季度平均采购价 2025 年 2024 ...

证券代码：600458 证券简称：时代新材 公告编号：临 2025-069 株洲时代新材料科技股份有限公司 关于挂牌转让下属参股公司股权的公告 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： 株洲时代新材料科技股份有限公司（以下简称"时代新材、公司"） 拟公开挂牌转让其持股 32.873%的参股公司湖南弘辉科技有限公司（以下简称 "弘辉科技"）的全部股权。本次公开挂牌转让底价不低于公司所持 32.873% 股权对应的评估价值 13,622.5712 万元，增值率为 317.86%。本次股权转让完 成后，公司将不再持有弘辉科技股权。 本次交易拟采取公开挂牌方式进行，尚未确定交易对象，暂不构成关联 交易。本次交易不构成《上市公司重大资产重组管理办法》规定的重大资产重组。 本次交易已经公司第十届董事会第九次会议审核通过，按照《上海证券 交易所股票上市规则》和《公司章程》等规定，该事项无需提交公司股东大会审 议。 本次交易在公开挂牌转让过程中可能出现意向受让方不足、交易流拍等 不确定性风险。公司将持续关注本次公开挂牌转 ...

Market Overview - The rail transit equipment sector increased by 0.02% compared to the previous trading day, with Gongda Gaoke leading the gains [1] - The Shanghai Composite Index closed at 4016.33, up by 0.7%, while the Shenzhen Component Index closed at 13691.38, up by 1.95% [1] Top Performers - Gongda Gaoke (688367) closed at 22.38, rising by 4.00% with a trading volume of 40,900 shares and a transaction value of 91.32 million yuan [1] - Jiaotong Tifa (920027) closed at 27.46, up by 3.00%, with a trading volume of 19,300 shares and a transaction value of 51.88 million yuan [1] - Tieda Technology (920541) closed at 15.82, increasing by 2.13%, with a trading volume of 34,300 shares and a transaction value of 53.57 million yuan [1] Underperformers - Jinchuan Group (603680) closed at 11.08, down by 7.82% with a trading volume of 125,500 shares and a transaction value of 140 million yuan [2] - Bidetech (605298) closed at 43.41, decreasing by 3.55%, with a trading volume of 71,000 shares and a transaction value of 308 million yuan [2] - Langjin Technology (300594) closed at 18.38, down by 2.44%, with a trading volume of 25,400 shares and a transaction value of 14.68 million yuan [2] Capital Flow - The rail transit equipment sector experienced a net outflow of 51.86 million yuan from institutional investors, while retail investors saw a net outflow of 10.19 million yuan [2] - Retail investors contributed a net inflow of 62.06 million yuan, indicating active trading behavior among this group [2] Individual Stock Capital Flow - Quanta Heavy Industry (301048) had a net inflow of 13.59 million yuan from institutional investors, while retail investors experienced a net outflow of 18.43 million yuan [3] - Times Electric (688187) saw a net inflow of 11.29 million yuan from institutional investors and a net outflow of 37.18 million yuan from retail investors [3] - Kangni Electromechanical (603111) had a net inflow of 5.24 million yuan from institutional investors, with retail investors experiencing a net outflow of 1.89 million yuan [3]

Core Viewpoint - The company, Zhuzhou Times New Material Technology Co., Ltd., is set to hold a performance briefing for the third quarter of 2025 on November 5, 2025, to enhance investor understanding of its financial performance and status [3][4][5]. Group 1: Performance Briefing Details - The performance briefing will take place on November 5, 2025, from 15:30 to 16:30 [4][6]. - The event will be conducted online via "Value Online" [4][6]. - Investors can submit questions before the event until 12:00 on the same day [2][5]. Group 2: Shareholding and Reduction Announcement - Prior to the reduction plan, the chairman held 370,000 shares (0.0449% of total shares), the general manager held 373,718 shares (0.0453%), and other executives held varying amounts [9][10]. - The reduction plan was initiated on July 28, 2025, and concluded on October 27, 2025, with specific share reductions executed by the chairman and other executives [10][12]. - The actual reductions included 90,000 shares by the general manager (0.0097%), 20,000 shares by one executive (0.0021%), and 40,000 shares by the legal advisor (0.0043%) [10][12].

Investment Rating - The report maintains an investment rating of "Outperform" for the new materials sector [1]. Core Insights - The release of the "Beijing Wind Energy Declaration 2.0" highlights new development opportunities in the wind power materials sector, aiming for significant growth in installed capacity by 2030 and beyond [6]. - The new materials index increased by 2.81%, underperforming compared to the ChiNext index, which rose by 5.24% [3][14]. - The report emphasizes the importance of quality and efficiency over mere scale expansion in the wind power industry, suggesting improved profitability for the sector [6]. Market Performance Summary - The new materials sector saw a weekly increase, with the new materials index rising by 2.81% [3]. - Over the past five trading days, various sub-sectors showed mixed performance: synthetic biology index down by 0.96%, semiconductor materials down by 1.78%, electronic chemicals up by 1.80%, biodegradable plastics up by 1.19%, industrial gases down by 1.45%, and battery chemicals down by 1.53% [3][18]. - The report notes that the overall market performance for the new materials sector is improving, with a focus on specific companies like "Times New Materials" and "Maijia Xincai" for potential investment opportunities [6].

证券代码：600458 证券简称：时代新材 公告编号：临 2025-066 株洲时代新材料科技股份有限公司 关于召开2025年第三季度业绩说明会的公告 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、说明会类型 株洲时代新材料科技股份有限公司（以下简称"公司"）将于 2025 年 10 月 31 日在上海证券交易所网站（www.sse.com.cn）披露公司《2025 年第三季度 报告》。为便于广大投资者更加全面深入地了解公司经营业绩、财务状况等情况， 公 司 定 于 2025 年 11 月 5 日 （ 星 期 三 ） 15:30-16:30 在 " 价 值 在 线 " （www.ir-online.cn）举办公司 2025 年第三季度业绩说明会，与投资者进行沟 通和交流，广泛听取投资者的意见和建议。 二、说明会召开的时间、地点 会议召开时间：2025 年 11 月 5 日（星期三）下午 15:30-16:30 会议召开地点：价值在线（www.ir-online.cn） 会议召开方式：网络互动方式 投 资 ...

证券代码：600458 证券简称：时代新材 公告编号：临 2025-065 株洲时代新材料科技股份有限公司 1、本次减持计划实施前，株洲时代新材料科技股份有限公司（以下简称"公 司"）董事长彭华文先生持有公司 370,000 股，占公司总股本的比例为 0.0449%； 董事、总经理杨治国先生持有公司股份 373,718 股，占公司总股本的比例为 0.0453%；副总经理彭海霞女士持有公司股份 160,000 股，占公司总股本的比例 为 0.0194%；总法律顾问熊友波先生持有公司股份 160,000 股，占公司总股本的 比例为 0.0194%。 2、减持计划的实施结果情况 公司于 2025 年 7 月 5 日披露了《董事、高级管理人员减持股份计划公告》 （公告编号：临 2025-030），彭华文先生、杨治国先生、彭海霞女士及熊友波 先生计划在 2025 年 7 月 28 日至 2025 年 10 月 27 日期间通过集中竞价方式减持 公司股份分别不超过 92,500 股、93,400 股、40,000 股、40,000 股，即分别不 超过公司总股本的 0.0112%、0.0113%、0.0049%、0.004 ...