证券代码：601208 证券简称：东材科技 公告编号：2025-088 四川东材科技集团股份有限公司 关于控股股东、实际控制人及其一致行动人 权益变动触及 1%刻度的提示性公告 控股股东、实际控制人及其一致行动人保证向本公司提供的信息真实、准确、完 整，没有虚假记载、误导性陈述或重大遗漏。 本公司董事会及全体董事保证公告内容与信息披露义务人提供的信息一致。 重要内容提示： | 权益变动方向 | 比例增加□ | | 比例减少 | | --- | --- | --- | --- | | 权益变动前合计比例 | 24.07% | | | | 权益变动后合计比例 | 23.51% | | | | 本次变动是否违反已作出的承诺、意向、计划 | 是□ | 否 | | | 是否触发强制要约收购义务 | 是□ | 否 | | 一、信息披露义务人及其一致行动人的基本信息 1.身份类别 投资者及其一致行动人的身份 控股股东/实际控制人及其一致行动人 □其他 5%以上大股东及其一致行动人 □合并口径第一大股东及其一致行动人（仅适用于无控 股股东、实际控制人） □其他______________（请注明） 2.信息披露义务人信 ...

四川东材科技集团股份有限公司 关于"东材转债"赎回结果暨股份变动的公告 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。 | 证券代码：601208 | 证券简称：东材科技 | 公告编号：2025-087 | | --- | --- | --- | | 转债代码：113064 | 转债简称：东材转债 | | 一、本次可转债赎回的公告情况 （一）赎回条件的成就情况 自 2025 年 7 月 18 日至 2025 年 8 月 7 日，四川东材科技集团股份有限公司 （以下简称"公司"或"本公司"）股票已有 15 个交易日的收盘价格不低于"东 材转债"当期转股价格的 130%（即 14.99 元/股）。根据《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》（以下简称"《募集说明书》"） 中有条件赎回条款的相关约定，已触发"东材转债"有条件赎回条款。 （二）本次赎回事项公告披露情况 公司于 2025 年 8 月 7 日召开第六届董事会第十九次会议，审议通过了《关 于提前赎回"东材转债"的议案》，决定行使"东材转债"的提前赎回权， ...

Summary of Dongcai Technology Conference Call Company Overview - Dongcai Technology is a leading domestic supplier of electronic-grade high-frequency and high-speed resins, benefiting from the explosive growth of this business segment, which is closely related to AI computing demand and the development of downstream CCL (Copper Clad Laminate) and PCB (Printed Circuit Board) industries [2][3] Key Points Industry and Market Dynamics - The electronic-grade high-frequency and high-speed resin business is expected to reach revenue of 700 million yuan by 2025, with 250 million yuan already achieved in the first half of the year, becoming a new profit growth engine for the company [2] - The demand for multi-layer HDI (High-Density Interconnect) PCBs is driven by the enhancement of AI terminal computing power, necessitating the use of higher-grade CCL materials, which presents opportunities for specialty resins [2] - The market is focusing on three special resin systems: BMI, PPO, and hydrocarbon, with PPO combined with hydrocarbon becoming the mainstream formula [2][10] Growth Projections - By the end of 2025, the monthly shipment of M8-level CCL is expected to reach 2 million units, potentially doubling to 4 million units per month by the end of 2026, significantly boosting the demand for OPE and hydrocarbon resins [2][12] - Dongcai Technology's market share in the hydrocarbon resin sector is nearly 30% with over 20% in the overall market, indicating strong competitive positioning [2][15] Financial Performance - The company anticipates that revenue from high-frequency and high-speed resins will exceed 1.3 billion yuan by 2026, with a neutral profit estimate starting at 600 million yuan, and optimistic projections suggesting total profits could reach 800 to 900 million yuan [4][20] - For 2025, the expected profit is projected to be between 450 million to 500 million yuan, with high-frequency and high-speed resin revenue close to 700 million yuan [21] Product Development and Market Position - Dongcai Technology has successfully introduced OPE products to core Taiwanese customers and launched M9-level BCB specialty resins, indicating strong product development capabilities [18] - The company has shown resilience in the optical film business, transitioning from low-end to high-end products, with expected sales of over 10,000 tons by 2025 and a gross margin of over 30% [4][27] Challenges and Risks - The optical film business has faced challenges due to declining prices and market saturation, but the company is adapting by focusing on high-end products [6][25] - The hydrocarbon resin and OPE products have shown stable growth, but the overall market dynamics and competition could pose risks to profit margins [7][18] Future Outlook - Dongcai Technology is expected to maintain a high growth trajectory in the next 1-2 years, particularly in the high-frequency and high-speed digital sector, supported by improving market conditions [32] - The company’s diversified product structure is projected to see the high-frequency and high-speed digital business contribute 80%-90% of overall profits by 2026 [34] Market Valuation - The market valuation of Dongcai Technology is expected to have close to double growth potential, driven by the strong positioning in the M9 and M10 level CCL materials market [35] Additional Insights - The resin segment has high entry barriers due to the complexity of production processes and the need for specialized knowledge, making it difficult for new entrants to compete effectively [16] - The company is strategically positioned to benefit from the increasing demand for advanced CCL materials, particularly in the context of AI and data center applications [8][17]

Core Viewpoint - Dongcai Technology announced that the "Dongcai Convertible Bonds" have ceased trading, and investors must convert their bonds at a price of 11.53 yuan per share within the specified time frame to avoid forced redemption at a price of 100.8055 yuan per bond, which could lead to significant investment losses [1] Summary by Relevant Sections - Company Announcement - Dongcai Technology has released a notice regarding the cessation of trading for its convertible bonds [1] - Investors are required to convert their holdings at a price of 11.53 yuan per share within the stipulated time [1] - Failure to convert will result in forced redemption at a price of 100.8055 yuan per bond [1] - Investment Implications - The potential for significant investment losses exists if investors do not act within the required timeframe [1]

| 证券代码：601208 | 证券简称：东材科技 | 公告编号：2025-086 | | --- | --- | --- | | 转债代码：113064 | 转债简称：东材转债 | | 关于实施"东材转债"赎回暨摘牌的最后一次提示性公告 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。 2025 年 9 月 2 日收市后，东材转债"停止交易。 最后转股日：2025 年 9 月 5 日 截至 2025 年 9 月 4 日收市后，距离 2025 年 9 月 5 日（"东材转债"最后转 股日）仅剩 1 个交易日，2025 年 9 月 5 日为"东材转债"最后一个转股日。 四川东材科技集团股份有限公司 一、赎回条款 根据公司《募集说明书》相关条款规定，"东材转债"的有条件赎回条款如 下： 在本次可转债转股期内，当下述两种情形的任意一种出现时，公司有权决定 按照债券面值加当期应计利息的价格赎回全部或部分未转股的可转换公司债券： 1、公司股票连续三十个交易日中至少有十五个交易日的收盘价不低于当期 转股价格的 130%（含 130%）； 本次提前 ...

Market Overview - The Shanghai Composite Index fell by 1.97% to 3738.32 points, while the Shenzhen Component Index decreased by 2.37% to 12176.9 points, and the ChiNext Index dropped by 3.2% to 2806.63 points [2][3] - Over 2600 stocks in the market experienced declines, indicating a broad market downturn [2] Sector Performance - The tourism and hotel sector showed resilience with a gain of 3.21%, while the battery sector increased by 2.27% [4] - Conversely, the semiconductor sector faced significant losses, contributing to the overall market decline [2][7] Trading Volume - The total trading volume of the Shanghai and Shenzhen markets exceeded 1 trillion yuan, marking an increase of over 160 billion yuan compared to the previous day [8] Gold and Silver Prices - Spot gold prices fell below $3520 per ounce, reflecting a daily decrease of 1.27% [5] - Spot silver also saw a decline of 1%, trading at $40.78 per ounce [9] Futures Market - The FTSE China A50 Index futures dropped by over 2% during the trading session [6] Notable Stocks - Significant movements were observed in stocks such as Zhengye Technology, which hit a 20% limit up, and Shengli Precision, which rose by 10.09% [15][16]

Group 1 - The folding screen concept stocks experienced a significant rally on September 4, with notable increases in share prices [1] - Yian Technology saw a rise of over 16%, while Jingyan Technology, Lens Technology, and Green Precision each increased by over 5% [1] - Other companies such as Dongcai Technology, Furong Technology, Lian De Equipment, and Lingyi Technology also showed upward movement in their stock prices [1]

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。 2025 年 9 月 2 日收市后，东材转债"停止交易。 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：2025-085 | | --- | --- | --- | | 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 关于实施"东材转债"赎回暨摘牌的第十四次提示性公告 截至 2025 年 9 月 3 日收市后，距离 2025 年 9 月 5 日（"东材转债"最后转 股日）仅剩 2 个交易日，2025 年 9 月 5 日为"东材转债"最后一个转股日。 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。 因"东材转债"已停止交易，投资者所持可转债如未在规定时限内按照 11.53 元的转股价格进行转股，将按照 100.8055 元/张的价格被强制赎回。若被强 制赎回，可能面临较大投资损失。 特提醒"东材转债"持有人注意在限期内转股。 自 2025 年 7 ...

Core Points - Dongcai Technology announced that the last conversion date for its convertible bonds ("Dongcai Convertible Bonds") is September 5, 2025, which is only three trading days away from the announcement date [1] - After the early redemption is completed, the Dongcai Convertible Bonds will be delisted from the Shanghai Stock Exchange starting September 8, 2025 [1] - Investors can either convert their bonds at a conversion price of 11.53 yuan or face forced redemption at a price of 100 yuan per bond plus accrued interest, totaling 100.8055 yuan [1] - Investors are warned that if forced redemption occurs, they may face significant investment losses, emphasizing the importance of converting within the specified timeframe [1]

Core Points - The company has announced the early redemption of its convertible bonds, "Dongcai Convertible Bonds," with a redemption registration date set for September 5, 2025 [1][3] - The last trading day for the bonds will be September 2, 2025, after which trading will cease [5][12] - The bonds will be delisted from the Shanghai Stock Exchange starting September 8, 2025, following the completion of the redemption [3][13] Redemption Details - The last conversion date for the bonds is September 5, 2025, which is also the final day for bondholders to convert their bonds into shares at a conversion price of 11.53 yuan per share [2][12] - The redemption price is set at 100.8055 yuan per bond, which includes accrued interest [9][10] - The accrued interest is calculated based on a formula that considers the bond's face value, interest rate, and the number of days since the last interest payment [10][9] Conditions for Redemption - The company has triggered the conditional redemption clause as the stock price has been above 130% of the conversion price for at least 15 trading days [4][7] - The redemption applies to all bondholders registered with the China Securities Depository and Clearing Corporation Limited, Shanghai Branch, as of the redemption registration date [8][11] Tax Implications - Individual investors are subject to a 20% tax on the interest income from the bonds, resulting in a net redemption amount of 100.6444 yuan per bond after tax [14] - Resident enterprises are responsible for their own tax payments on interest income, while qualified foreign institutional investors are exempt from certain taxes until December 31, 2025 [14]