中信证券股份有限公司 关于 神马实业股份有限公司拟使用已终止的募投项目 部分剩余募集资金实施新增募投项目的核查意见 中信证券股份有限公司（以下简称"保荐人"）作为神马实业股份有限公司 （以下简称"神马股份"或"公司"）向不特定对象发行可转换公司债券的保荐 人，根据《上市公司监管指引第 2 号——上市公司募集资金管理和使用的监管要 求》《上海证券交易所上市公司自律监管指引第 1 号——规范运作》《上海证券交 易所上市公司自律监管指南第 1 号——公告格式》《上海证券交易所股票上市规 则》等有关规定，对神马股份拟使用已终止的募投项目部分剩余募集资金实施新 增募投项目事项进行了核查，核查情况及核查意见如下： 一、募集资金基本情况 经中国证券监督管理委员会（以下简称"中国证监会"）《关于核准神马实业 股份有限公司公开发行可转换公司债券的批复》（证监许可[2023]338 号）核准， 并经上海证券交易所同意，公司于 2023 年 3 月 16 日向不特定对象发行可转换公 司债券（以下简称"可转债"）3,000.00 万张，每张面值 100 元，募集资金总额为 30.00 亿元，扣除各类发行费用之后实际募集资金净额 29 ...

Financial Performance - The company's operating revenue for Q1 2025 was ¥3,235,035,781.61, a decrease of 6.21% compared to ¥3,449,234,764.57 in the same period last year[5] - The net profit attributable to shareholders was -¥17,855,492.63, representing a decline of 137.64% from ¥47,434,749.60 in the previous year[5] - The basic earnings per share were -¥0.02, down 166.67% from ¥0.03 in the same period last year[6] - Total revenue for Q1 2025 was CNY 3,235,035,781.61, a decrease of 6.2% compared to CNY 3,449,234,764.57 in Q1 2024[22] - Operating profit for Q1 2025 was CNY 12,457,882.89, a significant decline from CNY 84,022,439.03 in Q1 2024[23] - Net profit for Q1 2025 was a loss of CNY 3,707,772.51, compared to a profit of CNY 71,390,924.21 in Q1 2024[23] - The company reported a basic and diluted earnings per share of CNY -0.02 for Q1 2025, down from CNY 0.03 in Q1 2024[24] Assets and Liabilities - The total assets at the end of the reporting period increased by 6.16% to ¥29,730,646,475.79 from ¥28,006,077,885.07 at the end of the previous year[6] - As of March 31, 2025, the total current assets amounted to RMB 12,548,518,449.01, an increase from RMB 10,778,520,311.35 as of December 31, 2024, representing a growth of approximately 16.5%[17] - The total liabilities as of March 31, 2025, are not explicitly stated but are essential for assessing the company's financial health[16] - Total liabilities increased to CNY 18,545,462,113.53 from CNY 16,756,908,103.43, reflecting a rise in short-term borrowings[19] - The company's total equity decreased to CNY 11,185,184,362.26 from CNY 11,249,169,781.64, indicating a slight decline in shareholder value[19] Cash Flow - The net cash flow from operating activities was ¥49,233,631.83, a decrease of 46.18% compared to ¥91,473,304.58 in the previous year[5] - Total cash inflow from operating activities was $3,953,709,290.57, an increase of 14% from $3,466,062,309.52[27] - Cash outflow for operating activities was $3,904,475,658.74, up from $3,374,589,004.94, indicating an increase of approximately 16%[27] - Total cash inflow from financing activities was $2,323,065,384.42, down from $4,523,909,327.36, representing a decline of approximately 48%[28] - The net cash flow from financing activities was $776,089,674.77, a decrease of 42% from $1,328,605,776.41 in the prior period[28] - Cash and cash equivalents at the end of the period amounted to $4,914,849,762.72, compared to $7,787,478,713.57, a decrease of about 37%[28] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 37,718[10] - The company has not reported any changes in the top 10 shareholders or their participation in margin financing and securities lending activities[13] - There are no significant related party transactions among the top shareholders, ensuring transparency in ownership structure[13] Research and Development - The company is focused on expanding its market presence and enhancing its product offerings through ongoing research and development initiatives[14] - Research and development expenses for Q1 2025 were CNY 109,591,896.97, up from CNY 95,442,622.44 in Q1 2024, indicating a focus on innovation[23] Investment Activities - The investment income for the reporting period decreased by 97.09%, attributed to the decline in the performance of joint ventures[9] - The cash flow from investing activities increased by 60.38%, mainly due to the recovery of equity funds from the disposal of polycarbonate materials[9] - The net cash flow from investing activities was -$421,731,842.38, an improvement from -$1,064,358,169.97 in the previous period[27] - Cash outflow for investing activities totaled $736,058,788.92, compared to $1,064,807,018.86, indicating a reduction of about 31%[27] Other Financial Metrics - The weighted average return on equity decreased by 0.63 percentage points to -0.16% from 0.47% in the previous year[6] - The company reported a significant increase in prepayments of 203.26%, primarily due to an increase in advance payments for materials[8] - Long-term receivables decreased to RMB 2,606,383,588.71 from RMB 2,719,047,737.06, a decline of about 4.1%[17] - Cash and cash equivalents increased to RMB 5,620,671,794.67 from RMB 4,960,149,121.89, reflecting a rise of about 13.3%[17] - Accounts receivable rose to RMB 1,641,661,921.36, up from RMB 1,428,620,089.38, indicating an increase of approximately 14.9%[17] - Inventory levels increased to RMB 1,889,508,094.24 from RMB 1,657,431,758.77, marking a growth of around 14.0%[17] - The company completed the grant registration of the 2024 restricted stock incentive plan, awarding a total of 9,826,000 shares to 215 individuals[14]

【DT新材料】 获悉，4 月 25 日，神马股份发布公告，仵晓先生因年龄原因辞去公司董事职务及总经理职务，并不再担任公司其他职务。 仵晓，1966年生，本科学历，高级工程师，历任神马股份企管处处长、神马股份生活服务中心主任、平顶山神马帘子布发展有限公司总经理、党委书 记、执行董事，现任神马股份党委副书记、总经理、平顶山神马帘子布发展有限公司党委副书记、执行董事、总经理。 此前，3月19日， 神马股份 发布年度报告， 2024年公司实现营收139.68亿元，同比增长4.08%； 归母净利润3353万元，同比下降77.57%；扣非净利润 亏损9240万元。 业绩变动主要是受成本端压力显著，精苯等原材料价格上涨叠加工业丝、帘子布等产品价格下行，导致毛利率承压，另外 研发投入增加4117万元、财 务费用攀升。 其中，尼龙66工业丝营收15.40亿元（+3.45%）、尼龙66切片27.88亿元（+4.70%）保持增长，但化纤织造行业收入39.47亿元（-5.18%）、PC化工行 业收入4.93亿元（-61.17%），其中双酚A营收下降95.65%至0.31亿元。 业务整合方面 ， 神马股份剥离聚碳材料、注销尼龙投资、收 ...

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。 2025 年 4 月 25 日，本公司董事会收到仵晓先生递交的书面辞职 报告，仵晓先生因年龄原因辞去公司董事职务及总经理职务。根据《公 司法》、《公司章程》的相关规定，仵晓先生的辞职不会导致公司董事 会成员低于法定最低人数，不会影响公司董事会的正常运作，辞职报 告自送达公司董事会时生效。 仵晓先生辞去公司董事职务及总经理职务后，不再担任公司其他 职务。仵晓先生在公司任职期间，恪尽职守，勤勉尽责，为公司规范 运作及可持续发展发挥了积极作用，公司董事会对其为公司所做出的 贡献表示衷心的感谢。 特此公告。 神马实业股份有限公司董事会 2025 年 4 月 25 日 证券代码：600810 证券简称：神马股份 公告编号： 2025-034 神马实业股份有限公司 关于董事总经理辞职的公告 ...

金十数据4月25日讯，神马股份4月25日公告，公司董事会收到仵晓递交的书面辞职报告，仵晓因年龄原 因辞去公司董事及总经理职务，辞职后将不再担任公司任何职务，辞职报告自送达公司董事会时生效。 神马股份：总经理仵晓辞职 ...

关于债券持有人持有可转债比例变动达到 10%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。 一、可转债配售情况 经中国证券监督管理委员会证监许可[2023]338 号文核准，神马实业 股份有限公司（以下简称"公司"）于 2023 年 3 月 16 日公开发行 3,000 万张可转换公司债券，每张面值为人民币 100 元，发行总额为人民币 30 亿元，期限 6 年。经上海证券交易所自律监管决定书[2023]74 号文同意， 公司本次发行的 30 亿元可转债于 2023 年 4 月 20 日在上海证券交易所上 市交易，债券简称"神马转债"，债券代码"110093"。 | 证券代码： | 600810 | 证券简称：神马股份 | 公告编号：2025-033 | | --- | --- | --- | --- | | 转债代码： | 110093 | 转债简称：神马转债 | | 神马实业股份有限公司 券交易所交易系统以大宗交易方式合计转让"神马转债"3,100,000 张， 占可转债发行总量的 10.33%。本次转让后，中国 ...

神马股份(600810)今日涨停，全天换手率2.54%，成交额2.04亿元，振幅9.30%。龙虎榜数据显示，营业 部席位合计净买入1679.93万元。 上交所公开信息显示，当日该股因日涨幅偏离值达10.14%上榜，营业部席位合计净买入1679.93万元。 证券时报·数据宝统计显示，上榜的前五大买卖营业部合计成交7696.21万元，其中，买入成交额为 4688.07万元，卖出成交额为3008.14万元，合计净买入1679.93万元。 具体来看，今日上榜营业部中，第一大买入营业部为华泰证券股份有限公司总部，买入金额为1210.10 万元，第一大卖出营业部为中银国际证券股份有限公司武汉黄孝河路证券营业部，卖出金额为1107.97 万元。 资金流向方面，今日该股主力资金净流入5801.37万元，其中，特大单净流入3681.61万元，大单资金净 流入2119.75万元。近5日主力资金净流入4644.06万元。 融资融券数据显示，该股最新（4月17日）两融余额为2.05亿元，其中，融资余额为2.04亿元，融券余额 为55.88万元。近5日融资余额合计增加349.22万元，增幅为1.74%。融券余额合计减少15.13万元， ...

| 证券代码：600810 | 证券简称：神马股份 | 公告编号：2025-032 | | --- | --- | --- | | 债券代码：110093 | 债券简称：神马转债 | | 神马实业股份有限公司 关于向不特定对象发行可转换公司债券 2025 年跟踪评级结果的公告 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: 公司前次主体信用评级结果为"AA+"；前次评级展望为"稳定"；评级机构为远东资 信，评级时间为 2024 年 5 月 15 日。 "神马转债"前次信用评级结果为"AAA"；评级机构为远东资信，评级时间为 2024 年 5 月 15 日。 远东资信对本公司经营状况、行业情况进行综合分析与评估的基础上，出具了《神马实 业股份有限公司 2025 年跟踪评级报告》，本次公司主体信用评级结果为 "AA+"；评级展望 维持稳定。"神马转债"信用评级为"AAA"。本次评级结果较前次没有变化。 《 神 马 实 业 股 份 有 限 公 司 2025 年 跟 踪 评 级 报 告 》 详 见 上 海 证 券 交 ...

远东资信评估有限公司 远东跟踪(2025) 0006 号 神马实业股份有限公司 特此通知 玩乐 限公司 臣目 远东资信评估有限公司 Fareast Credit Rating Co.,Ltd. 神马实业股份有限公司 2025 年跟踪评级报告 远东跟踪(2025) 0006 号 2025年跟踪评级信用等级通知书 神马实业股份有限公司: 远东资信评估有限公司对贵公司及"神马转债"进行了跟踪评级。经 远东资信评估有限公司信用评级委员会审定,维持贵公司主体信用等级为 AA*,评级展望稳定;维持"神马转债"的信用等级为 AAA。 2025年4月 www.sfecr.com 北京市东直门南大街 11 号中汇广场 B 座 11 层 上海市大连路 990 号海上海新城 9 层 服务资本市场 助力信用中国 16 跟踪评级报告 本次评级为评级对象委托评级。除因本次评级事项使远东资信与评级对象构成受托委托关系外,远东资信及 本次评级分析师与评级对象不存在任何影响评级行为独立、客观、公正的关联关系。 远东资信及本次评级分析师已履行尽职调查与诚信尽责的义务，保证所出具的评级报告遵循了真实、客观、 公正原则。远东资信依据评级对象提供或已 ...

Investment Rating - The report suggests a focus on sectors benefiting from import substitution, such as lubricant additives and nucleating agents, while also monitoring oil price stabilization for potential investment opportunities in oil-related assets [1][2][3]. Core Insights - The chemical market is experiencing pressure from trade conflicts, but the current market is more mature compared to 2018, with swift actions from the Chinese version of the stabilizing fund helping to restore market confidence [1][2]. - The report highlights significant downward pressure on industries with high exposure to the US market, particularly in consumer electronics and textiles, while sectors like lubricant additives and aramid fibers show strong performance due to import substitution [1][2]. - Key events include a notable drop in oil prices, with Brent crude falling below $60 per barrel, and the announcement of an expansion project by Wanhua Chemical [1][3]. Summary by Sections Market Overview - Brent crude futures averaged $64.12 per barrel this week, down 10.92% from the previous week, while WTI futures averaged $60.84 per barrel, down 11.4% [10]. - The basic chemical sector underperformed the index, with a decline of 5.14% [10]. Key Events - The establishment of a Chinese version of the stabilizing fund aims to bolster market confidence amid escalating trade tensions [2]. - The report notes a significant drop in oil prices due to trade war impacts and OPEC+ production increases, with Brent crude falling below $60 [2]. Industry Specific Insights - The tire industry is experiencing a slight decline in operating rates, with full steel tire operating rates at 66.2% and semi-steel tire rates at 78.5% [25]. - The sweetener market, particularly for sucralose, is expected to see price improvements due to reduced low-priced inventory and upcoming production cuts [26][27]. - The dye market remains stable, with disperse dyes maintaining prices around 16.5 yuan/kg, while demand from downstream textile markets is weak [28]. Price Trends - The report indicates that the average price for titanium dioxide is stable, with a market average of 15,109 yuan/ton, while the industry is observing a slight decline in operating rates [29]. - The pure MDI market is experiencing a downward trend, with prices averaging 17,350 yuan/ton, reflecting weak demand and ongoing trade tensions [32].