Core Insights - The polarized lens industry is experiencing significant growth driven by the rapid development of the consumer electronics sector, particularly in smartphones, tablets, and laptops, leading to increased demand for polarized lenses [1][11] - Government support for new materials industries, as outlined in the "Industrial Strategic Emerging Industries Classification Directory (2023)," is further propelling the development of the polarized lens industry [1][11] - The market size of the polarized lens industry has risen from 14.74 billion yuan in 2018 to 31 billion yuan, with expectations for continued growth as downstream application areas expand [1][11] Industry Overview - Polarized lenses, also known as polarizing filters, are used to eliminate direct light and enhance visual clarity, making them essential in various applications including eyewear, camera lenses, and LCD displays [3][11] - The industry has evolved through three stages: a nascent phase from 1995-1999, a startup phase from 2000-2010, and a high-growth phase from 2011 to present, with significant advancements in technology and market competitiveness [5][11] Industry Chain - The polarized lens industry chain consists of upstream raw materials (polarizing films, protective films, adhesive materials), midstream manufacturers who produce the final products, and downstream applications in eyewear, cameras, and electronic devices [7][11] Competitive Landscape - Domestic companies are enhancing their market competitiveness through technological innovation and industrial upgrades, although there remains a gap in high-end products compared to international leaders [13] - Key players in the industry include Ningbo Shanshan Co., Ltd., Hengmei Optoelectronics Co., Ltd., and Shenzhen Sanlipu Optoelectronics Co., Ltd., among others [13][15] Market Trends - The demand for polarized lenses is expected to grow as consumers increasingly prioritize health, safety, and fashion, with applications expanding into emerging fields like virtual reality and autonomous driving [21][22] - International demand for Chinese polarized lens products is rising, supported by the increasing recognition and competitiveness of Chinese brands in global markets [22] - Market concentration is anticipated to increase as leading companies expand production capacities, with Hengmei Optoelectronics planning to add 140 million square meters of polarized lens capacity by 2027 [24]

证券代码：600884 证券简称：杉杉股份 公告编号：临 2025-055 宁波杉杉股份有限公司 关于董事持股被司法强制执行的结果公告 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。 宁波杉杉股份有限公司（下称"公司"或"杉杉股份"）于 2025 年 6 月 14 日披露了《杉杉股份关于董事持股将被司法强制执行的提示性公告》（临 2025-052），浙江省宁波市中级人民法院（下称"宁波中院"）拟对公司副董事长 郑驹先生持有的公司 1,810,000 股股票（占公司总股本的 0.08%）进行司法强制 执行。 2025 年 6 月 26 日，公司收到宁波中院转发的券商营业部股票明细对帐单， 现将本次司法强制执行结果公告如下： 注：本次被司法强制执行的股份均来源于二级市场集中竞价交易方式取得。 公司郑重提醒广大投资者，公司指定的信息披露媒体为《中国证券报》《上 海证券报》《证券日报》《证券时报》及上海证券交易所网站(www.sse.com.cn)， 公司所有信息均以在上述指定媒体刊登的相关公告为准。敬请投资者理性投资并 注意投资风险 ...

杉杉股份（600884）公告，公司副董事长郑驹持有的公司181万股股票(占公司总股本的0.08%)被浙江省 宁波市中级人民法院进行司法强制执行。2025年6月23日和6月25日，通过集中竞价交易方式分别执行45 万股和136万股，执行均价分别为8.93元/股和9.75元/股。本次执行后，郑驹不再持有公司股份。本次司 法强制执行不会对公司日常生产经营管理造成影响。 ...

Core Viewpoint - Shanshan Co., Ltd. is experiencing a decline in performance and control disputes, leading to continuous shareholding reductions by its actual controller due to judicial auctions and debt restructuring [2][6]. Group 1: Shareholding Changes - On June 25, 2025, Wei Wei acquired 13 million shares of Shanshan Co., Ltd. at a price of 8.42 yuan per share, totaling approximately 109 million yuan, through a judicial auction [2][3]. - Following this auction, the actual controller's shareholding ratio decreased to 26.36%, down from over 45% at the end of 2024 [6][8]. - The remaining shares of the major shareholder are under judicial freeze or marking, indicating ongoing financial distress [6]. Group 2: Financial Performance - Shanshan Co., Ltd. reported a significant decline in net profit, dropping from over 20 billion yuan in 2022 to a loss of 7.68 billion yuan in 2024 [8][9]. - The company's total revenue decreased from 217 billion yuan in 2022 to 186.8 billion yuan in 2024, reflecting a downward trend in business performance [9]. Group 3: Company Background and Management Changes - Founded in 1989 and listed in 1996, Shanshan Co., Ltd. transitioned from clothing to lithium battery materials, becoming a leader in the industry [7]. - The company faced management turmoil following the death of its founder, Zheng Yonggang, in 2023, leading to disputes over control between his son and stepmother [7][8]. - The restructuring process initiated by the major shareholder, Shanshan Group, raises concerns about potential changes in company control [6][8].

注：根据前期已披露公告，杉杉控股所持 22,159,786 股公司股份在上海证券交易所大宗股 票司法协助执行平台公开进行股票司法处置，并于 2025 年 6 月 6 日完成股份非交易过户登记手 续，该比例按轮候冻结日（即 2025 年 6 月 5 日）持股 72,212,189 股为基数计算。 证券代码：600884 证券简称：杉杉股份 公告编号：临 2025-053 宁波杉杉股份有限公司 关于间接控股股东部分股份被轮候冻结的公告 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。 宁波杉杉股份有限公司（下称"公司"）于近日获悉间接控股股东杉杉控股 有限公司（下称"杉杉控股"）持有的公司部分股份发生被轮候冻结的情况，现 将有关事项公告如下： 三、其他说明 1、杉杉集团最近一年存在债务逾期、主体和债项信用等级下调、及因债务 问题涉及的重大诉讼或仲裁情况，并于 2025 年 3 月 20 日被浙江省宁波市鄞州区 人民法院（下称"鄞州法院"）裁定与其全资子公司朋泽贸易进行实质合并重整， 具体见杉杉集团在上海证券交易所网站披露的相关公告（ ...

关于间接控股股东部分持股被司法处置的进展公告 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。 重要内容提示： 本次被司法处置的股份为宁波杉杉股份有限公司（下称"公司"）间接控 股股东杉杉控股有限公司（下称"杉杉控股"）持有的公司无限售流通股 13,000,000 股，占其当前持有公司股份总数的 25.97%，占公司总股本的 0.58%。 本次被司法处置的股份已全部竞买成交，后续尚涉及缴款、股权变更过 户等环节，其最终结果尚存在不确定性。公司将持续关注上述事项的进展，严格 按照相关法律、法规及规范性文件的要求及时履行信息披露义务，敬请广大投资 者理性投资，注意投资风险。 公司于 2025 年 5 月 27 日披露了《关于间接控股股东部分持股将被司法处置 的提示性公告》（公告编号：临 2025-044），上海金融法院将于 2025 年 6 月 24 日在上海证券交易所大宗股票司法协助执行平台（下称"司法执行平台"）对杉 杉控股持有的公司 13,000,000 股股票公开进行股票司法处置。 经查询，上述被司法处置的股份已全部竞买成交 ...

Core Viewpoint - In 2024, the company Shanshan Co., Ltd. (600884) significantly increased its R&D expenditure to 1.037 billion yuan, marking a year-on-year growth of 19.43%, with the R&D expense ratio reaching a historical high of 5.55% [1] Group 1: Anode Materials - Shanshan Co., Ltd. is a leading domestic player in the anode materials sector, demonstrating remarkable R&D investment results and maintaining a leading product iteration speed, particularly in the ultra-fast charging, silicon-based, and hard carbon segments [2] - The company has successfully supplied high-energy density 6C ultra-fast charging anodes and low-expansion long-life graphite products to major clients, showcasing innovations such as functional coating layers that enhance ion transfer rates and increase ion channels [2] - The fourth-generation high-density hard carbon anode material has been developed, significantly improving sodium-ion battery energy density and cycle performance, thus accelerating the industrialization of sodium batteries [3] Group 2: Polarizers - In the polarizer sector, Shanshan Co., Ltd. maintains a dominant position in large-size LCD polarizers while achieving significant breakthroughs in OLED polarizers and high-end automotive polarizers [4] - The company has enhanced its market share in high-end small and medium-sized LCD products through technological advancements that meet the demand for lightweight, high-definition, and high-reliability products [4] - The acquisition of LG Chem's SP business has led to stable shipments of OLED and automotive LCD polarizers, driving a rapid increase in demand for automotive display polarizers [5] Group 3: Intellectual Property and Future Outlook - As of the end of 2024, Shanshan Co., Ltd. holds 334 authorized patents in anode materials and 1,243 in polarizers, indicating a strong focus on innovation in strategic emerging industries [5] - The company plans to continue strengthening R&D investments and enhancing intelligent manufacturing levels to seize development opportunities as demand in both sectors gradually increases [5]

宁波杉杉股份有限公司 关于董事持股将被司法强制执行的提示性公告 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：600884 证券简称：杉杉股份 公告编号：临 2025-052 因申请人中融普惠商业保理（深圳）有限公司、被执行人郑驹等国内非涉外 仲裁裁决一案，杭州仲裁委员会作出的（2024）杭仲 01 裁字第 1441 号仲裁裁决 文书已经发生法律效力，宁波中院依法立案执行，裁定强制处置被执行人郑驹证 券账户持有的杉杉股份股票 1,810,000 股。 本次拟被司法强制执行的股份为公司副董事长郑驹先生持有的公司 式取得，执行方式为通过上海证券交易所交易系统进行强制处置，具体时间区间 以最终执行为准。 二、其他相关说明及风险提示 本次司法强制执行事项预计不会对公司日常生产经营管理造成影响。公司将 持续关注上述事项的进展，并督促相关主体按照相关法律、法规及规范性文件的 要求及时履行信息披露义务。 公司郑重提醒广大投资者，公司指定的信息披露媒体为《中国证券报》《上 海证券报》《证券日报》《证券时报》及上海证券交易所网站(w ...

证券代码：600884 证券简称：杉杉股份 公告编号：临 2025-052 宁波杉杉股份有限公司 关于董事持股将被司法强制执行的提示性公告 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。 近日，宁波杉杉股份有限公司（下称"公司"或"杉杉股份"）收到浙江省 宁波市中级人民法院（下称"宁波中院"）的《协助执行通知书》（（2025）浙 02 执 343 号），获悉公司副董事长郑驹先生持有的公司 1,810,000 股股票（占公司 总股本的 0.08%）被宁波中院裁定强制处置。现将相关情况公告如下： 特此公告。 宁波杉杉股份有限公司董事会 本次拟被司法强制执行的股份为公司副董事长郑驹先生持有的公司 1,810,000 股股票（占公司总股本的 0.08%），均来源于二级市场集中竞价交易方 式取得，执行方式为通过上海证券交易所交易系统进行强制处置，具体时间区间 以最终执行为准。 二、其他相关说明及风险提示 本次司法强制执行事项预计不会对公司日常生产经营管理造成影响。公司将 持续关注上述事项的进展，并督促相关主体按照相关法律、法规及规范性文 ...

Core Viewpoint - The nanomaterials market in China is expected to grow significantly, reaching a scale of 155.52 billion yuan in 2024, driven by advancements in nanotechnology and expanding applications [1][8]. Group 1: Market Size and Growth - The market size of nanomaterials in China is projected to reach 155.52 billion yuan in 2024, with a further increase to 178.88 billion yuan in 2025 [1][8]. - Nanopowder products will dominate the market, accounting for approximately 63% of the total market size in both 2024 and 2025 [1][8]. Group 2: Industry Definition and Classification - Nanomaterials are defined as materials with at least one dimension in the nanoscale range (1-100 nanometers) and exhibit unique physical and chemical properties [3][5]. - Classification of nanomaterials includes categories based on material type, dimensionality, morphology, and functionality [5]. Group 3: Industry Development Status - The global nanomaterials market is expected to grow to 156.2 billion USD in 2024, with North America and Europe leading the market [6]. - The Asian region has seen rapid development in nanomaterials due to government support and increasing demand for specialized materials [6]. Group 4: Industry Value Chain - The nanomaterials industry value chain consists of upstream raw materials and equipment supply, midstream nanomaterials preparation and processing, and downstream application fields [10]. Group 5: Competitive Landscape - The industry has seen significant advancements in nanomaterials preparation technologies, with several research bases established in China [12]. - Key companies in the industry include Tian Nai Technology, Fangda Carbon, and others, focusing on various nanomaterials applications [12][13]. Group 6: Future Trends - The industry is expected to exhibit three main characteristics: high-end, intelligent, and sustainable development over the next decade [19][21]. - The focus will be on overcoming technological barriers, fostering deep integration of industry and academia, and promoting green processes to reduce carbon emissions [20][21].