国投证券股份有限公司 关于 义乌华鼎锦纶股份有限公司 详式权益变动报告书 之 财务顾问核查意见 深圳市福田区福田街道福华一路 119 号安信金融大厦 二〇二五年十月 1 业意见与信息披露义务人及其一致行动人披露文件的内容不存在实质性差异。 声明与承诺 一、财务顾问声明 根据《中华人民共和国公司法》《中华人民共和国证券法》《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 15 号——权益变动报 告书》《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》等相关法律和规范性文件的规定，国投证券股份有限公司（以下简称"国 投证券"或"本财务顾问"）按照行业公认的业务标准、道德规范，本着诚实信 用、勤勉尽责的精神，对本次权益变动相关情况和资料进行了核查，对《义乌华 鼎锦纶股份有限公司详式权益变动报告书》中所披露的内容出具核查意见，以供 投资者和有关各方参考。为此，本财务顾问特别声明如下： 1、本核查意见所依据的有关资料、文件由信息披露义务人及其一致行动人 提供。信息披露义务人及其一致行动人已做出承诺，保证其所提供的出具本核查 意见所依据的材料的真实性、准确性、完整性和及 ...

证券代码：601113 证券简称：华鼎股份 公告编号：2025-044 义乌华鼎锦纶股份有限公司 2025 年 9 月，公司股东义乌金控及义乌顺和拟通过公开征集方式转让所持 公司无限售流通股合计 102,249,872 股（占比 9.26%），根据公开挂牌结果，真 爱数智为本次公开征集的最终受让方（详见公告：2025-029、040、042）。 1 2025 年 10 月 10 日，公司收到股东义乌金控及义乌顺和分别与真爱数智签 订的《股权交易合同》，义乌金控及义乌顺和合计向真爱数智转让所持有公司无 限售流通股 102,249,872 股（占比 9.26%），交易金额合计 548,059,314 元。具 体情况如下： 一、本次交易各方的基本情况 （一）转让方 1 基本情况 关于大股东公开征集转让股份与受让方签署股权交易合同 暨股东权益变动的提示性公告 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。 重要内容提示： 2025 年 10 月 10 日，义乌华鼎锦纶股份有限公司（简称"公司"）收到 大股东义乌市金融控股有限公司（简称 ...

Company Updates - The controlling shareholder, Zhenai Group, plans to acquire a 9.26% stake from Yiwugongzi, which will increase Zhenai Group's voting rights from 15.81% to 40.62% after the share transfer and private placement [1] - Zhenai Shuzhi, a subsidiary of Zhenai Group, has been confirmed as a qualified acquirer in the public solicitation for the transfer of 102,249,872 shares, representing 9.26% of the total share capital, at a minimum price of 5.36 yuan per share [2] Financing and Business Development - The company announced a private placement to Zhenai Group to raise approximately 708 million yuan for a 65,000-ton high-quality differentiated nylon PA6 filament project, which is expected to enhance Zhenai Group's control from 15.81% to 31.36% [3] - The private placement aims to strengthen the controlling shareholder's position and inject funds to expand the nylon business, solidifying the company's main business development [3] Profit Forecast and Valuation - The company maintains its net profit forecasts for 2025 and 2026 at 363 million yuan and 451 million yuan, respectively [4] - The current stock price corresponds to a price-to-earnings ratio of 12.8 times for 2025 and 10.3 times for 2026, with a target price of 4.90 yuan, indicating a potential upside of 16.4% from the current price [4]

Core Insights - Huading Co., Ltd. has received approval from the Shanghai Stock Exchange for its securities issuance application, with a significant discount on the share price for the private placement [1][2] - The controlling shareholder, Zhenai Group, will subscribe to the new shares at a price of 2.83 yuan per share, which is 65% of the current market price and below the net asset value of 3.57 yuan per share [1] - There is a notable discrepancy between the private placement price and the share transfer price of 5.36 yuan per share, raising concerns about potential "buy low, sell high" practices [1][2] Financial Performance - For the first half of 2025, Huading Co., Ltd. reported a revenue of 2.411 billion yuan, a year-on-year decline of 45.76%, and a net profit attributable to shareholders of 153 million yuan, down 6.14% [1] Historical Capital Operations - In 2017, Huading Co., Ltd. acquired Tongtuo Technology for 2.9 billion yuan, aiming to establish a "dual main business" model, but the acquisition led to disappointing results and a subsequent sale of the subsidiary for 700 million yuan in 2023, resulting in a loss of 2.2 billion yuan [2] - The significant difference between the private placement price and the market price, along with the higher share transfer price, has created an arbitrage opportunity, leading to investor skepticism regarding potential benefit transfers [2] Governance and Investor Relations - The company faces challenges in balancing the controlling shareholder's needs with the interests of minority shareholders, necessitating a demonstration that the current fundraising is for business development rather than merely providing low-valuation opportunities for the controlling shareholder [2] - Investors are advised to monitor the company's capacity expansion potential while also paying close attention to improvements in corporate governance and shareholder return policies to ensure balanced interests among all shareholders [2]

Group 1 - The company announced the results of the public solicitation for transferees of shares held by major shareholders, with a total of 102,249,872 shares, accounting for 9.26% of the total share capital, to be transferred at a price not lower than RMB 5.36 per share [1][2] - The public solicitation period lasted from September 15 to September 26, 2025, and the qualified transferee identified was YIWU Zhenai Digital Investment Partnership [2][3] - Following the public solicitation, the company will expedite the signing of the equity transfer contract with the qualified transferee, which is subject to approval from the state-owned assets supervision and administration department [3] Group 2 - The company will hold a half-year performance briefing on October 20, 2025, from 09:00 to 10:00, at the Shanghai Stock Exchange Roadshow Center [5][6] - The briefing will be conducted in an interactive online format, allowing investors to submit questions in advance from October 13 to October 17, 2025 [7][10] - Key personnel attending the briefing include the chairman, financial director, independent director, and secretary of the board, with the opportunity for real-time interaction with investors [9][11]

2025 年 9 月 28 日，公司收到通知，本次公开征集期为 2025 年 9 月 15 日至 2025 年 9 月 26 日，共计 10 个交易日。公开征集期满后，由义乌产权交易所依 据已公告的评审规则组织评审，并确定合格受让方。根据评审结果显示，义乌真 爱数智投资合伙企业（有限合伙）（简称"真爱数智"）被确定为本次公开征集 转让的合格受让方。 | 企业名称 | 义乌真爱数智投资合伙企业（有限合伙） | | --- | --- | | 统一社会信用代码 | 91330782MADLFW439C | | 注册资本 | 35,988 万元人民币 | | 注册地址 | 浙江省义乌市稠江街道总部经济园 B7 幢 14 楼 | | 执行事务合伙人 | 真爱集团有限公司 | | 企业类型 | 有限合伙企业 | | 经营范围 | 一般项目：股权投资；信息咨询服务（不含许可类信息咨 询服务）；企业管理咨询（除依法须经批准的项目外，凭 | | | 营业执照依法自主开展经营活动）。 | 一、受让方基本情况 1 | 成立日期 | 2024-05-11 | | --- | --- | | 经营期限 | 2024-05-11 至 ...

重要内容提示： 会议召开时间：2025 年 10 月 20 日（星期一）09:00-10:00； 会 议 召 开 地 点 ： 上 海 证 券 交 易 所 上 证 路 演 中 心 （ 网 址 ： https://roadshow.sseinfo.com/）； 会议召开方式：上证路演中心网络互动； 证券代码：601113 证券简称：华鼎股份 公告编号：2025-043 义乌华鼎锦纶股份有限公司 关于召开 2025 年半年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。 三、参加人员 本次投资者说明会出席人员：董事长郑期中先生、财务总监刘劲松先生、独 立董事张学军先生、董事会秘书张益惠女士及相关工作人员，具体人员以实际出 席为准。 投资者可于 2025 年 10 月 13 日（星期一）至 10 月 17 日（星期五）16:00 前登录上证路演中心网站首页点击"提问预征集"栏目或通过公司邮箱 zq@hdnylon.com 进行提问。公司将在说明会上对投资者普遍关注的问题进行回 答。 义乌华鼎锦纶股份有限公司（以下简称 ...

Investment Rating - The investment rating for the basic chemical industry is "Positive" (maintained) [1] Core Views - The industry is experiencing a tightening supply-demand situation, particularly in the areas of glyphosate and nylon, which is expected to support an upward trend in industry prosperity [4][20] - The chemical industry index has underperformed the CSI 300 index by 2.02% this week, indicating a challenging market environment [15][17] Summary by Sections Industry Trends - The chemical industry index reported a decline of 0.95% this week, while the CSI 300 index increased by 1.07% [15] - The China Chemical Product Price Index (CCPI) decreased by 0.18%, indicating a slight contraction in chemical product prices [15][17] Key Products and Developments - Glyphosate: The average market price for 95% glyphosate raw powder is stable at 44,500 CNY/ton as of September 25, with a cautious pricing strategy from suppliers [21][22] - Nylon: The China Chemical Fiber Industry Association has initiated a high-quality development initiative to address issues of insufficient demand and rising inventory in the nylon sector [25][26] Recommendations and Beneficiaries - Recommended stocks include leading companies in the chemical sector such as Wanhua Chemical, Hualu Hengsheng, and Hengli Petrochemical [6] - Beneficiary stocks in the glyphosate sector include Lier Chemical and Yunnan Yuntianhua [22][28] Market Performance - In the past week, 33.58% of the 545 stocks in the chemical sector experienced price increases, while 63.49% saw declines [15] - The top ten products with price increases included liquid chlorine and paraquat, while vitamin E and sulfur saw the largest declines [16] Supply Chain Insights - The supply of glyphosate is stable, with domestic factories operating well, although some smaller factories remain offline [21] - The nylon industry is encouraged to limit production to prevent "involution" competition and to focus on product differentiation and green development [25][26] Export and Demand Trends - In August 2025, the export value of domestic clothing and accessories increased by 1.4% year-on-year, indicating potential growth in demand for chemical fibers [30] - The market for polyester filament has seen increased shipments ahead of the holiday season, with inventory days decreasing [31] Price Trends - The average price for polyester filament POY is 6,610 CNY/ton, showing a slight decrease from the previous week [31] - The price of urea has shown a downward trend, with an average market price of 1,651 CNY/ton as of September 25 [42]

Group 1 - The company, Yiwu Huading Nylon Co., Ltd., has received acceptance from the Shanghai Stock Exchange for its application to issue A-shares to specific investors [1][2] - The application documents submitted by the company were found to be complete and in compliance with legal requirements by the Shanghai Stock Exchange [1] - The issuance of A-shares is subject to approval from the Shanghai Stock Exchange and the China Securities Regulatory Commission, indicating uncertainty regarding the final approval [2] Group 2 - The company will fulfill its information disclosure obligations in accordance with relevant laws and regulations as the situation progresses [2] - The announcement was made by the board of directors of Yiwu Huading Nylon Co., Ltd. on September 27, 2025 [4]

证券代码：601113 股票简称：华鼎股份 义乌华鼎锦纶股份有限公司 Yiwu Huading Nylon Co., Ltd. （浙江省义乌市北苑街道雪峰西路 751 号） 2024年度向特定对象发行A股股票 募集说明书 （申报稿） 保荐人（主承销商） （广东省深圳市福田区福田街道福华一路 119 号安信金融大厦） 二零二五年九月 义乌华鼎锦纶股份有限公司 2024 年度向特定对象发行 A 股股票募集说明书（申报稿） 发行人声明 公司及全体董事、监事、高级管理人员承诺本募集说明书及其他信息披露资 料不存在任何虚假记载、误导性陈述或重大遗漏，并对其真实性、准确性、完整 性承担相应的法律责任。 公司负责人、主管会计工作负责人及会计机构负责人保证本募集说明书中财 务会计资料真实、完整。 中国证券监督管理委员会、上海证券交易所对本次发行所作的任何决定或意 见，均不表明其对申请文件及所披露信息的真实性、准确性、完整性作出保证， 也不表明其对本公司的盈利能力、投资价值或者对投资者的收益作出实质性判断 或保证。任何与之相反的声明均属虚假不实陈述。 根据《证券法》的规定，证券依法发行后，本公司经营与收益的变化，由本 公司自行 ...