一、审议通过了《关于公司 2025 年半年度报告及摘要的议案》 表决结果为：3 票同意，0 票反对，0 票弃权。 | 证券代码：601208 | 证券简称：东材科技 | 公告编号：2025-077 | | --- | --- | --- | | 转债代码：113064 | 转债简称：东材转债 | | 四川东材科技集团股份有限公司 第六届监事会第十四次会议决议公告 本公司及监事会全体成员保证公告内容不存在虚假记载、误导性陈述或者 重大遗漏，并对其内容的真实、准确和完整承担个别及连带责任。 四川东材科技集团股份有限公司（以下简称"公司"或"本公司"）第六届 监事会第十四次会议通知于 2025 年 8 月 16 日以专人送达、通讯方式发出，会议 于 2025 年 8 月 26 日在公司会议室以现场与通讯相结合的方式召开。本次会议应 到监事 3 名，实到监事 3 名，会议由监事会主席梁倩倩女士主持，公司全体董事、 高级管理人员列席了会议。本次会议的召集和召开符合《公司法》和《公司章程》 的有关规定，会议决议具有法律效力，经与会监事审议并表决，通过了以下议案： 详见上交所网站 www.sse.com.cn《四川东材科技 ...

第六届董事会第二十次会议决议公告 本公司及董事会全体成员保证公告内容不存在虚假记载、误导性陈述或者 重大遗漏，并对其内容的真实、准确和完整承担个别及连带责任。 四川东材科技集团股份有限公司（以下简称"公司"或"本公司"）第六届 董事会第二十次会议通知于 2025 年 8 月 16 日以专人送达、通讯方式发出，会议 于 2025 年 8 月 26 日在公司会议室以现场与通讯相结合的方式召开。本次会议应 到董事 7 名，实到董事 7 名，会议由董事长唐安斌先生主持，公司全体监事、高 级管理人员列席了会议。本次会议的召集和召开符合《公司法》和《公司章程》 的有关规定。经与会董事认真审议并表决，通过了以下议案： 一、审议通过了《关于公司 2025 年半年度报告及摘要的议案》 本议案在提交董事会审议前已经董事会审计委员会事先审议通过。 | 证券代码：601208 | 证券简称：东材科技 | 公告编号：2025-076 | | --- | --- | --- | | 转债代码：113064 | 转债简称：东材转债 | | 四川东材科技集团股份有限公司 表决结果为：7 票同意，0 票反对，0 票弃权。 详见上交所网站 ww ...

[Section I Definitions](index=5&type=section&id=Section%20I%20Definitions) This chapter provides definitions of terms commonly used in the report, including company names, subsidiary names, related parties, and abbreviations for specific businesses or events, ensuring clarity and consistency of report content - Defines 'Dongcai Technology', 'Company', 'This Company', and 'Listed Company' as referring to Sichuan Dongcai Technology Group Co., Ltd[13](index=13&type=chunk) - Lists names and abbreviations of several subsidiaries and related parties, including Epic Pharma, Emont Aviation, and Emont New Material[13](index=13&type=chunk) - Explains the meanings of specific events such as '2020 Non-public Issuance' and '2022 Public Issuance of Convertible Corporate Bonds'[14](index=14&type=chunk) [Section II Company Profile and Key Financial Indicators](index=7&type=section&id=Section%20II%20Company%20Profile%20and%20Key%20Financial%20Indicators) This section provides an overview of the company's basic information, contact details, historical changes, and key financial performance for the reporting period [I. Company Information](index=7&type=section&id=I.%20Company%20Information) This section outlines the company's basic registration details, including its Chinese name, abbreviation, foreign name, and legal representative - The company's Chinese name is Sichuan Dongcai Technology Group Co., Ltd., abbreviated as Dongcai Technology, with Tang Anbin as its legal representative[16](index=16&type=chunk) [II. Contact Person and Information](index=7&type=section&id=II.%20Contact%20Person%20and%20Information) This section provides contact information for the company's Board Secretary and Securities Affairs Representative, including names, addresses, phone numbers, fax, and email - The Board Secretary is Chen Jie, and the Securities Affairs Representative is Zhang Yu; both share the contact address at No. 209 Jingde Road, Pidu District, Chengdu, with phone and fax number 028-65498663[17](index=17&type=chunk) [III. Brief Introduction to Changes in Basic Information](index=7&type=section&id=III.%20Brief%20Introduction%20to%20Changes%20in%20Basic%20Information) This section details the historical changes in the company's registered address and provides its current office address, website, and email - The company's registered address changed to No. 8 Xinrong Road, Youxian District, Mianyang City on March 21, 2025[18](index=18&type=chunk) - The company's office address is No. 209 Jingde Road, Pidu District, Chengdu, its website is http://www.emtco.cn, and its email is investor@emtco.cn[18](index=18&type=chunk) [IV. Brief Introduction to Changes in Information Disclosure and Document Storage Locations](index=7&type=section&id=IV.%20Brief%20Introduction%20to%20Changes%20in%20Information%20Disclosure%20and%20Document%20Storage%20Locations) This section discloses the company's designated newspapers for information disclosure, the website for semi-annual reports, and the location for report availability - The company's designated newspapers for information disclosure are China Securities Journal and Shanghai Securities News, the website for semi-annual reports is http://www.sse.com.cn, and the report storage location is the company's Board of Directors Office[19](index=19&type=chunk) [V. Company Stock Overview](index=7&type=section&id=V.%20Company%20Stock%20Overview) This section lists the company's stock and convertible corporate bond listing exchange, abbreviation, and code - The company's A-shares are listed on the Shanghai Stock Exchange, with stock abbreviation 'Dongcai Technology' and code '601208'[20](index=20&type=chunk) - The company's convertible corporate bonds are listed on the Shanghai Stock Exchange, with abbreviation 'Dongcai Convertible Bonds' and code '113064'[20](index=20&type=chunk) [VI. Other Relevant Information](index=8&type=section&id=VI.%20Other%20Relevant%20Information) This section discloses information about the accounting firm engaged by the company - The company's appointed domestic accounting firm is Grant Thornton (Special General Partnership), with signing accountants Lei Hong and Zhou Li[21](index=21&type=chunk) [VII. Company's Key Accounting Data and Financial Indicators](index=8&type=section&id=VII.%20Company's%20Key%20Accounting%20Data%20and%20Financial%20Indicators) This section details the company's key accounting data and financial indicators for the first half of 2025, explaining revenue and net profit growth driven by new projects and high-value products Key Accounting Data and Financial Indicators for H1 2025 | Indicator | Current Period (Jan-Jun) | Same Period Last Year | YoY Change (%) | | :--- | :--- | :--- | :--- | | Operating Revenue | 2,431,397,155.11 RMB | 2,122,150,958.00 RMB | 14.57 | | Total Profit | 191,683,005.48 RMB | 167,248,394.65 RMB | 14.61 | | Net Profit Attributable to Shareholders of Listed Company | 190,323,166.11 RMB | 159,812,621.67 RMB | 19.09 | | Net Profit Attributable to Shareholders of Listed Company (Excluding Non-Recurring Gains and Losses) | 158,784,459.53 RMB | 109,308,005.05 RMB | 45.26 | | Net Cash Flow from Operating Activities | -260,811,662.72 RMB | -226,816,976.78 RMB | -14.99 | | **Period-End Data** | **End of Current Period** | **End of Previous Year** | **Period-End Change (%)** | | Net Assets Attributable to Shareholders of Listed Company | 4,639,050,673.10 RMB | 4,541,883,313.72 RMB | 2.14 | | Total Assets | 10,885,488,369.48 RMB | 10,443,446,379.14 RMB | 4.23 | | **Key Financial Indicators** | **Current Period (Jan-Jun)** | **Same Period Last Year** | **YoY Change (%)** | | Basic Earnings Per Share (RMB/share) | 0.21 | 0.18 | 16.67 | | Diluted Earnings Per Share (RMB/share) | 0.20 | 0.16 | 25.00 | | Basic EPS After Deducting Non-Recurring Gains and Losses (RMB/share) | 0.18 | 0.12 | 50.00 | | Weighted Average Return on Net Assets (%) | 4.04 | 3.47 | Increased by 0.57 percentage points | | Weighted Average Return on Net Assets After Deducting Non-Recurring Gains and Losses (%) | 3.37 | 2.37 | Increased by 1.00 percentage point | - In the first half of 2025, the company achieved operating revenue of **2.43 billion RMB**, a **14.57% year-on-year increase**, primarily due to the successive commissioning of new industrialization projects, leading to increased production, sales, and revenue scale for products like optical polyester base film, polypropylene film, and high-speed electronic resin[24](index=24&type=chunk) - In the first half of 2025, the company achieved a net profit attributable to shareholders of **190 million RMB**, a **19.09% year-on-year increase**, primarily benefiting from the development of emerging fields such as domestic UHV power grids, new energy vehicles, and artificial intelligence, successful market expansion of high-value-added products, and significant enhancement of brand competitiveness and overall profitability[25](index=25&type=chunk)[26](index=26&type=chunk) [VIII. Differences in Accounting Data Under Domestic and Overseas Accounting Standards](index=9&type=section&id=VIII.%20Differences%20in%20Accounting%20Data%20Under%20Domestic%20and%20Overseas%20Accounting%20Standards) This section states that the company has no differences in accounting data under domestic and overseas accounting standards [IX. Non-Recurring Gains and Losses Items and Amounts](index=9&type=section&id=IX.%20Non-Recurring%20Gains%20and%20Losses%20Items%20and%20Amounts) This section lists the company's non-recurring gains and losses items and amounts for the first half of 2025, primarily including government subsidies, fair value changes, and other non-operating income/expenses Non-Recurring Gains and Losses Items and Amounts for H1 2025 | Non-Recurring Gains and Losses Item | Amount (RMB) | Notes (if applicable) | | :--- | :--- | :--- | | Government subsidies recognized in current profit or loss, excluding those closely related to the company's normal operations, compliant with national policies, enjoyed according to fixed standards, and having a continuous impact on the company's profit or loss | 36,222,658.46 | Other Income | | Gains and losses from changes in fair value of financial assets and liabilities held by non-financial enterprises, and gains and losses from disposal of financial assets and liabilities, excluding effective hedge accounting related to normal business operations | 895,113.76 | Fair Value Change Income | | Other non-operating income and expenses apart from the above | 908,362.29 | Non-Operating Income and Expenses | | Less: Income tax impact | 5,444,897.90 | | | Minority interest impact (after tax) | 1,042,530.03 | | | **Total** | **31,538,706.58** | | [X. Companies with Equity Incentive or Employee Stock Ownership Plans May Choose to Disclose Net Profit After Deducting Share-Based Payment Impact](index=9&type=section&id=X.%20Companies%20with%20Equity%20Incentive%20or%20Employee%20

Core Viewpoint - Dongcai Technology (601208.SH) reported a revenue of 2.431 billion yuan for the first half of 2025, representing a year-on-year growth of 14.57%, and a net profit attributable to shareholders of 190 million yuan, up 19.09% year-on-year [1] Group 1: Financial Performance - The company achieved a gross profit of 401 million yuan in the first half of 2025, reflecting a year-on-year increase of 28.99% [1] Group 2: Market Drivers - The growth is attributed to the high-quality development in emerging fields such as ultra-high voltage power grids, new energy vehicles, artificial intelligence, and computing power upgrades, along with improved demand for consumer electronics [1] - The company has successfully expanded its market presence with high-value-added products, including ultra-thin electronic polypropylene films for new energy vehicles and high-speed electronic resins [1]

Core Viewpoint - Dongcai Technology announced a revenue of 2.431 billion yuan for the first half of 2025, representing a year-on-year growth of 14.57%, and a net profit of 190 million yuan, up 19.09% year-on-year, driven by high-quality development in emerging fields such as ultra-high voltage power grids, new energy vehicles, artificial intelligence, and computing power upgrades [1] Group 1: Financial Performance - The company reported a revenue of 2.431 billion yuan for the first half of 2025, which is a 14.57% increase compared to the previous year [1] - The net profit for the same period reached 190 million yuan, reflecting a year-on-year growth of 19.09% [1] Group 2: Market and Product Development - The growth is attributed to the high-quality development in emerging sectors, including ultra-high voltage power grids, new energy vehicles, artificial intelligence, and computing power upgrades [1] - The company has successfully developed high-value-added products such as ultra-thin electronic polypropylene films for new energy vehicles and high-speed electronic resins, which have strengthened its competitive advantage and market expansion [1] - The brand competitiveness and overall profitability of the company have significantly improved, allowing it to rapidly capture incremental market opportunities [1]

Investment Rating - The report maintains a rating of "B" for the new materials sector, indicating a leading position in the market [2]. Core Insights - The new materials sector has shown an upward trend, with the new materials index increasing by 3.69%, although it underperformed compared to the ChiNext index, which rose by 2.17% [2]. - The AI server market is experiencing rapid growth driven by increasing computational demands, with the global AI server market projected to reach USD 158.7 billion in 2025, up from USD 125.1 billion in 2024 [5]. - The report highlights investment opportunities in high-frequency and high-speed copper-clad laminate materials due to the evolving requirements of AI servers [5]. Market Performance - The new materials sector saw significant gains, with various sub-sectors performing well: - Semiconductor materials increased by 8.99% - Electronic chemicals rose by 8.84% - Biodegradable plastics grew by 5.95% - Industrial gases increased by 4.48% - Battery chemicals rose by 5.15% [18][2]. Price Tracking - Amino acids prices showed a downward trend, with valine at CNY 13,100 per ton (-2.60%) and tryptophan at CNY 42,500 per ton (-2.30%) [29]. - Biodegradable plastics prices remained stable, with PLA (FY201 injection grade) at CNY 17,800 per ton [33]. - Industrial gases prices varied, with oxygen priced at CNY 483 per ton (+10.27%) and nitrogen at CNY 503 per ton (-1.18%) [37]. Investment Recommendations - The report suggests focusing on companies such as Shengquan Group, Dongcai Technology, and Zhongcai Technology, which are positioned to benefit from the demand for high-frequency and high-speed copper-clad laminate materials [5].

Core Points - The company, Sichuan Dongcai Technology Group Co., Ltd., has announced the early redemption of its convertible bonds, Dongcai Convertible Bonds, due to the stock price meeting the conditions for redemption [1][2][4] - The redemption price is set at 100.8055 CNY per bond, with the redemption date on September 8, 2025, and the last trading day on September 2, 2025 [1][5][6] - The company has triggered the conditional redemption clause as the stock price has been above 130% of the conversion price for 15 trading days [2][4] Redemption Details - Redemption registration date is September 5, 2025, and the last conversion date is also September 5, 2025 [1][5] - The accrued interest for the bonds is calculated to be 0.8055 CNY per bond, leading to a total redemption price of 100.8055 CNY [4][6] - The bonds will be delisted from the Shanghai Stock Exchange on September 8, 2025, after the completion of the redemption [1][6] Investor Guidance - Investors are advised to either convert their bonds at the conversion price of 11.53 CNY or sell them in the secondary market before the last trading day [2][7] - The company emphasizes the importance of acting within the specified time frame to avoid forced redemption [7] - The company will notify bondholders of the redemption process and any relevant details through official announcements [5][6]

Core Points - The company announced that the cumulative conversion of "Dongcai Convertible Bonds" has reached 10% of the total shares before conversion as of August 25, 2025, with a total of 97,751,014 shares converted, representing 10.6516% of the company's total share capital of 917,710,612 shares [1][5] - The total amount of "Dongcai Convertible Bonds" that has not been converted is 272,915,000 yuan, accounting for 19.4939% of the total issuance [1][5] - The convertible bonds were issued on November 16, 2022, with a total of 1.4 million bonds at a face value of 100 yuan each, totaling 140 million yuan, with a maturity of 6 years [2][5] Convertible Bond Issuance Overview - The "Dongcai Convertible Bonds" were approved by the China Securities Regulatory Commission and listed on the Shanghai Stock Exchange [2] - The initial conversion price was set at 11.75 yuan per share, effective from May 22, 2023 [2] - The conversion price has been adjusted multiple times due to profit distribution, with the latest adjustment to 11.53 yuan per share effective from June 17, 2025 [3][5] Share Capital Changes - The total share capital before the conversion was 896,784,623 shares, which increased to 994,528,126 shares after the conversion [6] - The shareholding percentages of major shareholders have decreased due to the increase in total share capital following the conversion [6] Shareholder Rights Changes - The actual controller and associated parties' shareholding ratios have been affected by the conversion, with the total shareholding percentage dropping from 26.6891% to 24.0661% [6]

| 证券代码：601208 | 证券简称：东材科技 | 公告编号：2025-074 | | --- | --- | --- | | 转债代码：113064 | 转债简称：东材转债 | | 四川东材科技集团股份有限公司 关于"东材转债"转股数量累计达到转股前 公司已发行股份总额 10%暨股份变动的公告 本公司及董事会全体成员保证公告内容不存在虚假记载、误导性陈述或者 重大遗漏，并对其内容的真实、准确和完整承担个别及连带责任。 累计转股情况：截至 2025 年 8 月 25 日收市后，累计共有 1,127,085,000 元"东材转债"转换为四川东材科技集团股份有限公司（以下简称"公司"或 "本公司"）股票，累计转股数量为 97,751,014 股，占"东材转债"转股前公司 股本总额 917,710,612 股的 10.6516%。 未转股可转债情况：截至 2025 年 8 月 25 日收市后，"东材转债"尚未 转股的金额为 272,915,000 元，占"东材转债"发行总量的 19.4939%。 根据有关规定和《四川东材科技集团股份有限公司公开发行可转换公司债券 募集说明书》的约定，"东材转债"自发行结束之日起 ...

本公司及董事会全体成员保证公告内容不存在虚假记载、误导性陈述或者 重大遗漏，并对其内容的真实、准确和完整承担个别及连带责任。 截至 2025 年 8 月 26 日收市后，距离 2025 年 9 月 2 日（"东材转债"最后 交易日）仅剩 5 个交易日，2025 年 9 月 2 日为"东材转债"最后一个交易日。 最后转股日：2025 年 9 月 5 日 | 证券代码：601208 | 证券简称：东材科技 | 公告编号：2025-073 | | --- | --- | --- | | 转债代码：113064 | 转债简称：东材转债 | | 四川东材科技集团股份有限公司 截至 2025 年 8 月 26 日收市后，距离 2025 年 9 月 5 日（"东材转债"最后 转股日）仅剩 8 个交易日，2025 年 9 月 5 日为"东材转债"最后一个转股日。 关于实施"东材转债"赎回暨摘牌的第八次提示性公告 本次提前赎回完成后，东材转债将自 2025 年 9 月 8 日起在上海证券交 易所摘牌。 投资者所持可转债除在规定时限内通过二级市场继续交易或按照 11.53 元的转股价格进行转股外，仅能选择以 100 元/张的票面 ...