经核查，公司第五届董事会独立董事龚凯颂、容敏智的任职经历以及签署的 相关自查文件真实、准确，上述人员未在公司担任除独立董事以外的任何职务， 也未在公司主要股东担任任何职务，与公司以及主要股东之间不存在利害关系或 其他可能妨碍其进行独立客观判断的关系，因此，公司独立董事符合《上市公司 独立董事管理办法》《上海证券交易所上市公司自律监管指引第 1 号——规范运 作》中对独立董事独立性的相关要求，不存在影响独立董事独立性的情形。 广州鹿山新材料股份有限公司董事会 2025 年 4 月 25 日 广州鹿山新材料股份有限公司 关于 2024 年度独立董事独立性情况的专项意见 根据《上市公司独立董事管理办法》《上海证券交易所股票上市规则》《上海 证券交易所上市公司自律监管指引第 1 号——规范运作》等要求，广州鹿山新材 料股份有限公司（以下简称"公司"）董事会就公司在任独立董事龚凯颂、容敏 智的独立性情况进行评估并出具如下专项意见： ...

| 证券代码：603051 | 证券简称：鹿山新材 | 公告编号：2025-018 | | --- | --- | --- | | 债券代码：113668 | 债券简称：鹿山转债 | | 广州鹿山新材料股份有限公司 关于公司 2025 年度向金融机构申请授信额度 及对外担保计划的公告 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： ● 被担保人:广州鹿山新材料股份有限公司（以下简称"公司"） 全资子 公司/孙公司广州鹿山先进材料有限公司（以下简称"鹿山先进"）、广州鹿山 功能材料有限公司（以下简称"鹿山功能"）、江苏鹿山新材料有限公司（以下 简称"江苏鹿山"）、鹿山新材料（盐城）有限公司（以下简称"盐城鹿山"）、 广州鹿山兴邦光学材料有限公司（以下简称"鹿山兴邦"） ●本次担保金额不超过 26 亿元 ●截至本公告披露日，已实际为其提供的担保余额：28,179.81 万元 ●本次担保是否有反担保：否 ●对外担保逾期的累计数量：无 ●特别风险提示：截至本公告披露日，公司及子公司经 2023 年年度股东大 会审议通过 ...

| 证券代码：603051 | 证券简称：鹿山新材 | 公告编号：2025-025 | | --- | --- | --- | | 债券代码：113668 | 债券简称：鹿山转债 | | 广州鹿山新材料股份有限公司 关于会计政策变更的公告 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 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： 本次会计政策变更是广州鹿山新材料股份有限公司（以下简称"公司"）根 据中华人民共和国财政部（以下简称"财政部"）发布的《企业会计准则解 释第 18 号》（财会〔2024〕24 号）（以下简称"第 18 号解释""本解释"） 相关规定进行的变更，无需提交公司董事会和股东会审议，不会对公司财务 状况和经营成果产生重大影响，亦不存在损害公司及股东利益的情况。 一、本次会计政策变更概述 本次会计政策具体变更情况如下： （一）会计政策变更的原因 2024 年 12 月，财政部发布第 18 号解释的通知，该解释中"关于浮动收费 法下作为基础项目持有的投资性房地产的后续计量"的内容规定，对于浮动收费 法下作为基础项目持有的投资性房地产，可以选择 ...

关于计提资产减值准备的公告 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 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。 为真实、准确的反映广州鹿山新材料股份有限公司（以下简称"公司"）2025 年 1 月 1 日至 2025 年 3 月 31 日财务状况和经营成果，根据《企业会计准则》以 及公司会计政策、会计估计的有关规定，对公司及下属子公司 2025 年 1 月 1 日 至 2025 年 3 月 31 日各项资产进行了减值迹象的识别和测试，并根据结果对其中 存在减值迹象的资产相应计提和冲回减值准备。现将有关事项公告如下： 一、计提资产减值准备情况概述 | 证券代码：603051 | 证券简称：鹿山新材 | 公告编号：2025-026 | | --- | --- | --- | | 债券代码：113668 | 债券简称：鹿山转债 | | 广州鹿山新材料股份有限公司 四、风险提示 2025 年 1 月 1 日至 2025 年 3 月 31 日计提资产减值准备的金额未经公司年 审会计师事务所审计，具体影响金额以公司年审会计师事务所审计的数据为准。 敬请广大投资者注意投资风险。 ...

（一）首次公开发行股票募集资金情况 | 证券代码：603051 | 证券简称：鹿山新材 | 公告编号：2025-020 | | --- | --- | --- | | 债券代码：113668 | 债券简称：鹿山转债 | | 广州鹿山新材料股份有限公司 关于使用部分暂时闲置募集资金补充流动资金公告 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： ●广州鹿山新材料股份有限公司（以下简称"公司"、"本公司"或"鹿山 新材"）拟使用首次公开发行股票部分暂时闲置募集资金及公开发行可转换公司 债券部分暂时闲置募集资金合计不超过人民币 32,500.00 万元用于暂时补充流 动资金，使用期限自董事会审议通过起不超过 12 个月。 一、募集资金基本情况 根据中国证券监督管理委员会核发的《关于核准广州鹿山新材料股份有限公 司首次公开发行股票的批复》（证监许可[2022]398号），截至2022年3月22日， 本公司已发行人民币普通股23,003,000股，每股发行价格25.79元，共募集资金 人民币593,247,370.00元 ...

| 证券代码：603051 | 证券简称：鹿山新材 | 公告编号：2025-015 | | --- | --- | --- | | 债券代码：113668 | 债券简称：鹿山转债 | | 广州鹿山新材料股份有限公司 第五届监事会第二十二次会议决议公告 本公司监事会及全体监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）审议通过《关于公司 2024 年度监事会工作报告的议案》。 表决结果：3 票同意，0 票反对，0 票弃权。 本议案尚需提交公司股东会审议。 （二）审议通过《关于公司 2024 年年度报告及其摘要的议案》。 监事会认为，公司《2024 年年度报告》及其摘要的编制符合法律、法规、 公司章程和公司内部管理制度的各项规定。公司严格按照上市公司财务制度规范 运作，年度报告真实、准确反映了公司年度的财务状况和经营成果。 一、 监事会会议召开情况 广州鹿山新材料股份有限公司（以下简称"公司"）第五届监事会第二十二 次会议通知于 2025 年 4 月 15 日以书面方式发出，会议于 2025 年 4 月 25 日在广 州市黄埔区云埔工业区埔北 ...

| 证券代码：603051 | 证券简称：鹿山新材 | 公告编号：2025-014 | | --- | --- | --- | | 债券代码：113668 | 债券简称：鹿山转债 | | 广州鹿山新材料股份有限公司 第五届董事会第二十六次会议决议公告 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、 董事会会议召开情况 广州鹿山新材料股份有限公司（以下简称"公司"）第五届董事会第二十六 次会议通知于 2025 年 4 月 15 日以书面方式发出，会议于 2025 年 4 月 25 日在广 州市黄埔区云埔工业区埔北路 22 号 301 会议室以现场会议方式召开，会议应出 席董事 5 人，实际出席董事 5 人，会议由董事长汪加胜先生主持，全体监事及高 级管理人员列席会议。本次会议的召开符合《公司法》和《公司章程》的有关规 定。 二、 董事会会议审议情况 经与会董事认真讨论，审议通过以下决议： （一）审议通过《关于公司 2024 年度董事会工作报告的议案》。 表决结果：5 票同意，0 票反对，0 票弃权。 表决结果：5 票同意， ...

| 证券代码：603051 | 证券简称：鹿山新材 | 公告编号：2025-016 | | --- | --- | --- | | 债券代码：113668 | 债券简称：鹿山转债 | | 广州鹿山新材料股份有限公司关于 一、利润分配方案内容 1、利润分配方案的具体内容 2024 年度利润分配及资本公积转增股本方案的公告 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： ●每股分配比例：每 10 股派发现金红利 4.0 元（含税），同时以资本公积 金向全体股东每 10 股转增 4.0 股，不送红股。 ●因广州鹿山新材料股份有限公司（以下简称"公司"）发行的可转债正处 于转股期及拟回购注销 361,200 股限制性股票，实际派发的现金红利总额和转增 总额以实施利润分配方案时股权登记日享有利润分配权的股份总额最终确定，具 体日期将在权益分派实施公告中明确。 ●如在本公告披露之日起至实施权益分派股权登记日期间，公司总股本发生 变动的，公司拟维持每股现金红利分配比例和转增比例不变，相应调整现金红利 分配总额和转增总额，并将 ...

Financial Performance - The company's operating revenue for 2024 was CNY 2,066,543,316.02, a decrease of 29.96% compared to CNY 2,950,571,492.58 in 2023 [24]. - The net profit attributable to shareholders for 2024 was CNY 16,935,638.62, a significant recovery from a loss of CNY 86,309,851.97 in 2023 [24]. - The cash flow from operating activities for 2024 was CNY 562,569,737.02, a turnaround from a negative cash flow of CNY -154,844,153.57 in 2023 [24]. - The basic earnings per share for 2024 was CNY 0.18, compared to a loss of CNY -0.94 in 2023 [25]. - The weighted average return on equity increased to 1.26% in 2024 from -6.47% in 2023, reflecting improved profitability [25]. - The company reported a net asset attributable to shareholders of CNY 1,559,805,215.19 at the end of 2024, an increase of 18.57% from CNY 1,315,568,098.79 in 2023 [24]. - The gross margin for hot melt adhesive film products improved, contributing to overall profit growth [26]. - The company achieved operating revenue of 2.067 billion RMB, with a net profit attributable to shareholders of 16.9356 million RMB, an increase of 10.32455 million RMB year-on-year [37]. - Operating cash flow net amount reached 562.5697 million RMB, an increase of 71.74139 million RMB year-on-year, indicating significant improvement in profitability and cash flow quality [37]. Dividend and Profit Distribution - The company proposes a cash dividend of 4.0 CNY per 10 shares, totaling 41,704,781.20 CNY, which represents 246.25% of the net profit attributable to shareholders for the year [6]. - The total distributable profit available to the parent company as of December 31, 2024, is 424,897,578.59 CNY [6]. - The proposed profit distribution for 2024 includes a cash dividend of RMB 4.0 per 10 shares and a capital reserve increase of 4.0 shares for every 10 shares held [173]. - The cash dividend for the 2024 fiscal year is projected to total RMB 41,704,781.20, which represents 246.25% of the net profit attributable to shareholders for the year [174]. - The company’s cash dividend policy remains unchanged as of the report date [175]. Corporate Governance - The board of directors has confirmed the authenticity, accuracy, and completeness of the annual report [3]. - The company has established an investor relations management system, enhancing communication with investors [141]. - The company strictly follows information disclosure regulations, ensuring timely and accurate reporting to all shareholders [140]. - The company held 1 annual general meeting and 1 extraordinary general meeting during the reporting period, complying with relevant regulations [138]. - The board of directors consists of 5 members, including 2 independent directors, meeting the legal requirements for composition [139]. - The supervisory board is composed of 3 members, including 1 employee representative, adhering to legal and regulatory standards [140]. - The company conducted 10 board meetings during the reporting period, ensuring diligent and responsible governance [139]. - The company plans to continue improving its governance structure to promote sustainable and high-quality development [141]. Research and Development - The company has applied for 301 national patents, with 174 effective authorized patents, including 126 invention patents, showcasing its strong commitment to innovation and technology development [77]. - The company is focusing on the solar cell packaging film industry while exploring and developing applications in sectors such as new energy, optoelectronics, rail transportation, smart home, and food and medical industries [71][72]. - The company plans to invest 50 million yuan in research and development for new technologies in 2024 [144]. - The company is committed to enhancing its research and development capabilities to innovate new products [146]. Market Expansion and Product Development - The company has successfully launched differentiated innovative products in the solar cell packaging film sector, with a focus on HJT technology, enhancing market share and competitive advantage [38]. - The company has initiated mass production and supply of new products such as OCA optical adhesive film and solid-state lithium batteries, contributing to new revenue growth points [36]. - The company aims to enhance its new product market promotion efforts, focusing on strategic partnerships with leading industry players to accelerate market share growth in the OCA optical adhesive film segment [131]. - The company is actively pursuing opportunities in deep-sea energy and hydrogen energy projects to create new growth points [129]. Environmental, Social, and Governance (ESG) - The company has been recognized as a "National Green Factory" and "Guangdong Province Green Factory," reflecting its commitment to green production and sustainable development [46]. - The company has implemented a comprehensive environmental monitoring plan to ensure compliance with environmental management requirements [195]. - The company invested 10.85 million RMB in environmental protection during the reporting period [191]. - The company disclosed its 2024 ESG report on April 28, 2025, on the Shanghai Stock Exchange website [198]. Risks and Challenges - The company faces risks related to industry policy changes and downstream sector fluctuations, particularly in solar energy, construction materials, and oil and gas pipeline sectors, which may impact revenue [134]. - The company is at risk of losing competitive advantage if it fails to keep up with product development and technological upgrades in response to changing customer needs and industry trends [134]. - Fluctuations in raw material prices, particularly petrochemical resins, could adversely affect the company's gross margin and profitability if costs cannot be passed on to customers [135]. - The company may encounter management risks associated with significant growth in assets, personnel, and business scale following its initial public offering [136]. Employee Management and Compensation - The company emphasizes a competitive and incentive-based compensation system, with a focus on performance-related pay for various employee categories [165]. - A comprehensive training program is in place to enhance employee skills and support the company's long-term development goals [166]. - The company has a structured approach to evaluating training effectiveness, ensuring alignment with strategic objectives [167]. - The total remuneration for all directors, supervisors, and senior management was 6.8233 million yuan [150]. Production and Operations - The company has established four production bases in China and has officially launched a factory in Malaysia to enhance its global supply chain stability [83]. - The company has established an annual production capacity of 400 million square meters for solar cell encapsulation films and 120,000 tons for functional polyolefin hot melt adhesive particles, maintaining stable production capacity [116]. - The company’s production of functional polyolefin hot melt adhesive granules decreased by 20.82% year-on-year, while sales volume decreased by 23.27% [90].

Financial Performance - The company's operating revenue for Q1 2025 was ¥334,087,786.37, a decrease of 39.90% compared to ¥555,879,052.95 in the same period last year[5] - Net profit attributable to shareholders was ¥14,204,732.62, down 43.04% from ¥24,939,392.72 year-on-year[5] - The net profit excluding non-recurring gains and losses dropped by 95.50%, from ¥16,227,479.84 to ¥730,127.99[5] - Basic earnings per share decreased by 48.15% to ¥0.14, while diluted earnings per share fell by 51.72% to ¥0.14[6] - The weighted average return on net assets decreased by 0.97 percentage points to 0.91%[6] - Total operating revenue for Q1 2025 was ¥334,087,786.37, a decrease of 40% compared to ¥555,879,052.95 in Q1 2024[19] - Net profit for Q1 2025 was ¥14,204,732.62, a decline of 43% from ¥24,939,392.72 in Q1 2024[20] - Operating profit for Q1 2025 was ¥17,200,998.97, compared to ¥24,367,617.52 in Q1 2024, indicating a decrease of 29%[20] - Other comprehensive income for Q1 2025 was ¥293,610.39, compared to a loss of ¥188,267.84 in Q1 2024[20] Cash Flow and Liquidity - The net cash flow from operating activities improved to ¥21,582,789.07, compared to a negative cash flow of ¥212,271,107.64 in the previous year[5] - Cash flow from operating activities for Q1 2025 was ¥21,582,789.07, a significant improvement from a negative cash flow of ¥212,271,107.64 in Q1 2024[24] - Cash inflow from investment activities in Q1 2025 was ¥1,660,666,370.11, compared to ¥181,984,523.59 in Q1 2024, marking a substantial increase[24] - Cash outflow from investment activities for Q1 2025 totaled ¥1,914,236,797.00, up from ¥250,735,072.39 in Q1 2024[24] - Cash inflow from financing activities totaled $71,505,462.83, a decrease from $199,436,289.61 in the previous period[25] - Cash outflow from financing activities amounted to $50,806,544.01, compared to $37,078,606.95 previously, indicating an increase of approximately 37%[25] - Net cash flow from financing activities was $20,698,918.82, down from $162,357,682.66, reflecting a significant decline[25] - The net increase in cash and cash equivalents was -$209,937,563.23, worsening from -$118,540,003.99 in the prior period[25] - The ending balance of cash and cash equivalents stood at $411,479,634.65, compared to $169,796,627.78 previously, showing a substantial increase[25] - The company repaid $33,820,552.34 in debt, which is a significant increase from $12,901,111.40 in the previous period[25] - Dividend and interest payments totaled $3,514,916.55, down from $10,294,743.55, indicating a reduction of approximately 66%[25] - The impact of exchange rate changes on cash and cash equivalents was $1,351,155.77, compared to $123,969.79 previously, showing a notable increase[25] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,563,622,476.24, an increase of 1.55% from ¥2,524,595,069.25 at the end of the previous year[6] - As of March 31, 2025, the company's total assets amounted to RMB 2,563,622,476.24, an increase from RMB 2,524,595,069.25 as of December 31, 2024, reflecting a growth of approximately 1.54%[14] - The company's cash and cash equivalents decreased to RMB 462,245,174.78 from RMB 657,604,346.73, representing a decline of about 29.73%[14] - Accounts receivable stood at RMB 550,039,849.00, down from RMB 601,047,113.77, indicating a decrease of approximately 8.47%[15] - Inventory increased to RMB 286,328,852.21 from RMB 215,403,766.63, showing a growth of around 32.88%[15] - Total current liabilities rose to RMB 643,943,415.30 from RMB 615,591,675.05, marking an increase of about 4.83%[16] - The company's total liabilities reached RMB 989,316,184.28, up from RMB 964,789,854.06, reflecting an increase of approximately 2.67%[16] - The equity attributable to owners of the company remained stable with a slight increase in paid-in capital to RMB 104,623,153.00 from RMB 104,623,024.00[16] - The company reported a significant increase in prepayments, which rose to RMB 63,592,302.49 from RMB 40,106,701.67, a growth of approximately 58.43%[15] Market and Operational Insights - The decline in revenue and profit was primarily attributed to a decrease in sales price and volume of hot melt adhesive film products[8] - The company reported a total of 19,363 ordinary shareholders at the end of the reporting period[10] - The company has not reported any changes in the participation of major shareholders in margin trading or securities lending activities[12] - There are no significant new strategies or product developments mentioned in the conference call[12] Governance and Reporting - The company is set to implement new accounting standards starting in 2025, which may affect financial reporting[25] - The board of directors announced the financial results on April 25, 2025, under the leadership of Wang Jiasheng[25]