Core Viewpoint - Suzhou K-Hiragawa Electronic Technology Co., Ltd. plans to issue convertible bonds to raise up to 500 million yuan for the development of new composite materials for lithium batteries, addressing the growing demand in the electric vehicle and consumer electronics markets [1][16]. Company Information - The company is located at No. 5, Zhipu Road, Qiantang Town, Kunshan City, with the stock code 603052 listed on the Shanghai Stock Exchange [1][16]. - The company has a current credit rating of AA- with a stable outlook, as assessed by China Chengxin International Credit Rating Co., Ltd. [1]. Fundraising Details - The total amount to be raised through the issuance of convertible bonds is capped at 500 million yuan, which will be determined by the board of directors within this limit [1][16]. - The bonds will be issued at face value, with each bond having a face value of 100 yuan [16]. - The funds will be allocated to projects related to the production and research of composite materials for lithium batteries [17]. Dividend Policy - The company has a stable profit distribution policy, prioritizing cash dividends while considering the company's operational needs and sustainable development [1][4]. - In the last three years, the company distributed a total of 115.72 million yuan in cash dividends, with an average annual net profit of 106.74 million yuan, indicating a distribution ratio of 108.41% [5][6]. Market Demand and Trends - The demand for lithium batteries is increasing due to the growth of the electric vehicle and consumer electronics sectors, with significant year-on-year increases in production and sales [12][13]. - The composite aluminum foil, a new type of lithium battery collector, offers advantages in safety, lightweight, and energy density compared to traditional aluminum foil, making it suitable for the evolving market needs [10][11]. Policy Support - The government has introduced supportive policies for the new energy and new materials industries, which will benefit the composite aluminum foil sector [14][15]. - Recent initiatives aim to promote the consumption of electric vehicles and enhance the development of the lithium battery supply chain [15].

Group 1 - The company, Suzhou Kechuan Electronic Technology Co., Ltd., has received an inquiry letter from the Shanghai Stock Exchange regarding its application for issuing convertible bonds to unspecified objects [1][2] - The company has conducted thorough research and addressed the questions raised in the inquiry letter in collaboration with relevant intermediaries [1] - The company plans to publicly disclose the updated responses to the inquiry letter on the Shanghai Stock Exchange website [1][2] Group 2 - The issuance of convertible bonds is subject to approval from the Shanghai Stock Exchange and the China Securities Regulatory Commission [2] - There is uncertainty regarding whether the issuance will pass the review and receive registration approval from the regulatory authority [2] - The company commits to timely information disclosure based on the progress of this matter [2]

Core Viewpoint - The recent recall of power banks from Roma and Anker has heightened consumer concern over battery safety, leading to increased attention on composite current collectors, which enhance battery safety [1][2] Group 1: Composite Current Collectors - Composite current collectors consist of composite copper foil and composite aluminum foil, with the latter being the focus of Kewan Technology's large-scale production plans [3] - Kewan Technology aims to raise up to 500 million yuan for its "New Composite Materials for Lithium Batteries Project (Phase I)," with a total investment of 748 million yuan, targeting an annual production capacity of 95 million square meters of composite aluminum foil upon full production [3] Group 2: Safety Advantages - The unique "sandwich" structure of composite current collectors, featuring polymer layers such as PET and PP, provides excellent insulation and reduces the risk of thermal runaway by controlling short-circuit currents [2][3] - The reduced burrs produced during puncture tests indicate that composite current collectors can significantly enhance battery safety [3] Group 3: Cost and Equipment - The production cost of composite aluminum foil remains high due to reliance on imported Japanese equipment, with over 80% of total equipment costs attributed to vacuum coating machines [4] - Kewan Technology plans to invest 533 million yuan in equipment purchase and installation, with 450 million yuan allocated for 18 vacuum coating machines, each costing approximately 25 million yuan [4]

股票简称：可川科技 股票代码：603052 关于苏州可川电子科技股份有限公司 向不特定对象发行可转换公司债券申请文件的 审核问询函的回复 南京市江东中路 389 号 二零二五年六月 上海证券交易所： 贵所于 2025 年 4 月 8 日出具的《关于苏州可川电子科技股份有限公司向不 特定对象发行可转换公司债券申请文件的审核问询函》（上证上审（再融资）〔2025〕 91 号）（以下简称"审核问询函"）已收悉。 苏州可川电子科技股份有限公司（以下简称"发行人"、"公司"、"可川 科技"）会同南京证券股份有限公司（以下简称"保荐机构"）、中审众环会计 师事务所（特殊普通合伙）（以下简称"申报会计师"）、上海市锦天城律师事 务所（以下简称"发行人律师"）等中介机构，本着勤勉尽责、诚实守信的原则， 就审核问询函所提问题逐项进行认真讨论、核查与落实，并逐项进行回复说明。 保荐机构（主承销商） 如无特殊说明，本审核问询函回复中使用的简称或名词释义与《苏州可川电 子科技股份有限公司向不特定对象发行可转换公司债券募集说明书（申报稿）》 （以下简称"募集说明书"）中的简称具有相同含义。 本审核问询函中的字体代表以下含义： 请发行人 ...

股票简称：可川科技 股票代码：603052 苏州可川电子科技股份有限公司 （昆山市千灯镇支浦路 1 号 5 号房） 向不特定对象发行可转换公司债券 募集说明书 （修订稿） 保荐人（主承销商） 二〇二五年六月 根据《证券法》的规定，证券依法发行后，发行人经营与收益的变化，由发 行人自行负责。投资者自主判断发行人的投资价值，自主作出投资决策，自行承 担证券依法发行后因发行人经营与收益变化或者证券价格变动引致的投资风险。 1-1-1 苏州可川电子科技股份有限公司 向不特定对象发行可转换公司债券之募集说明书 重大事项提示 公司特别提请投资者注意，在作出投资决策之前，务必仔细阅读本募集说明 书正文内容，并特别关注以下事项： 一、关于公司本次发行可转换公司债券的信用评级 公司本次发行的可转换公司债券已经中诚信评级，根据中诚信出具的信用评 级报告，公司主体信用等级为 AA-，评级展望为 AA-，本次发行的可转换公司债 券信用等级为稳定。 在本次可转换公司债券存续期内，中诚信将每年至少进行一次跟踪评级。如 果由于公司外部经营环境、自身或评级标准变化等因素，导致可转债的信用评级 级别降低，将会增大投资者的风险，对投资人的利益产 ...

关于苏州可川电子科技股份有限公司 《向不特定对象发行可转换公司债券申请 文件的审核问询函》的回复 众环专字（2025）3300179号 关于苏州可川电子科技股份有限公司 向不特定对象发行可转换公司债券申请文件的审核问询函 的回复 众环专字（2025）3300179 号 上海证券交易所： 中审众环会计师事务所（特殊普通合伙）（以下简称"本所"或"我们"） 作为苏州可川电子科技股份有限公司（以下简称"苏州可川公司"）2024 年度、 2023 年度、2022 年度财务报表的审计机构，于 2025 年 4 月 28 日出具了众环审 字（2025）3300173 号无保留意见的审计报告、2024 年 4 月 25 日出具了众环审 字（2024）3300128 号无保留意见的审计报告、2023 年 3 月 24 日出具了众环审 字（2023）3300032 号无保留意见审计报告。 2025 年 4 月 8 日，上海证券交易所出具了《关于苏州可川电子科技股份有 限公司向不特定对象发行可转换公司债券申请文件的审核问询函》（以下简称 "问询函"），我们以对苏州可川公司相关财务报表执行的审计工作为依据，对 问询函中需要本所回复 ...

公司本次向不特定对象发行可转换公司债券事项尚需通过上交所审核，并 获得中国证券监督管理委员会（以下简称"中国证监会"）作出同意注册的决 定后方可实施。该事项最终能否通过上交所审核，并获得中国证监会同意注册 的决定及其时间尚存在不确定性。公司将根据该事项的进展情况及时履行信息 披露义务，敬请广大投资者注意投资风险。 证券代码：603052 证券简称：可川科技 公告编号：2025-033 苏州可川电子科技股份有限公司 关于向不特定对象发行可转换公司债券的审核 问询函回复更新的提示性公告 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。 苏州可川电子科技股份有限公司（以下简称"公司"）于 2025 年 4 月 8 日 收到上海证券交易所（以下简称"上交所"）出具的《关于苏州可川电子科技 股份有限公司向不特定对象发行可转换公司债券申请文件的审核问询函》（上 证上审（再融资）〔2025〕91 号）（以下简称"审核问询函"）。 公司收到审核问询函后，按照要求会同相关中介机构就审核问询函提出的 问题进行了认真研究和逐项落实，现依据有关规定，对 ...

南京证券股份有限公司 关于苏州可川电子科技股份有限公司 差异化权益分派事项的核查意见 南京证券股份有限公司(以下简称"保荐机构"、"南京证券")作为苏州 可川电子科技股份有限公司（以下简称"可川科技"、"公司"）持续督导的保 荐机构,根据《证券发行上市保荐业务管理办法》《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７ 号 --- 回购股份》《上海证 拳交易所上市公司自律监管指南第 2 号 -- 业务办理》等有关规定,就可川科 技差异化权益分派事项进行了审慎核查,发表核查意见如下: 二、经审议通过的差异化权益分派方案 公司于 2025年4月28日召开的第三届董事会第六次会议及第三届监事会第 六次会议审议通过了《关于审议 2024 年度利润分配方案并修改<公司章程>的议 案》,并于2025年5月20日经 2024年年度股东大会审议通过。公司利润分配 方案主要内容如下: 经中审众环会计师事务所(特殊普通合伙)审计,截至 2024年12月31日, 母公司报表中期末未分配利润为 442,395,813.70 元。公司 2024 年度拟以实施权 益分派股权登记日的公司应分配股份(总股本扣减公司回购 ...

证券代码：603052 证券简称：可川科技 公告编号：2025-032 重要内容提示： | | | | | 份上市日 | | | --- | --- | --- | --- | --- | --- | | 股份类别 Ａ股 | 股权登记日 2025/6/20 | 最后交易日 － | 除权（息） 日 2025/6/23 | 新增无限售 条件流通股 2025/6/23 | 现金红利发 放日 2025/6/23 | 差异化分红送转： 是 一、 通过分配、转增股本方案的股东大会届次和日期 本次利润分配及转增股本方案经公司2025 年 5 月 20 日的2024年年度股东大会 审议通过。 二、 分配、转增股本方案 1. 发放年度：2024年年度 2. 分派对象： 苏州可川电子科技股份有限公司2024年年度权益分派实施公告 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。 截至股权登记日下午上海证券交易所收市后，在中国证券登记结算有限责任 公司上海分公司（以下简称"中国结算上海分公司"）登记在册的本公司全体股东。 根据《上市公司股份回购规则》 ...

Core Viewpoint - Company reported a revenue increase of 8.21% for the fiscal year 2024, driven by demand growth in the consumer electronics and new energy sectors [2] Financial Performance - In 2024, the company achieved an operating revenue of 782.65 million yuan, an increase of 59.37 million yuan compared to the previous year [2] - Operating costs rose to 636.98 million yuan, up 12.55% year-on-year, leading to a decline in gross margin by 3.14 percentage points [2] - The net profit attributable to shareholders was 66.41 million yuan [2] - For Q1 2025, the company reported a main revenue of 202 million yuan, a year-on-year increase of 27.66%, but a net profit decline of 48.82% to 10.77 million yuan [8] Market Demand and Growth Drivers - The growth in revenue is attributed to increased demand in the downstream consumer electronics and new energy industries, with functional device product sales recovering [2] - Future growth drivers include deepening relationships with existing high-quality clients, expanding product lines, and developing new clients in the semiconductor and battery sectors [5] Strategic Initiatives - The company plans to enhance cost control, optimize production capacity, and invest in new production bases to meet evolving customer needs [5] - It aims to extend its business into emerging sectors and increase R&D investment for high-speed optical modules and laser sensor products [5] Client Base and Industry Position - The company has established stable relationships with notable clients such as TL, LG Chem, Samsung Vision, and CATL, among others in the consumer electronics and new energy supply chains [4] - The company is focused on maintaining a competitive edge through technological innovation and comprehensive service offerings in the functional device market [5] Project Developments - The lithium battery new composite materials project is progressing steadily, with the main plant construction completed and equipment installation underway [7] - The subsidiary, Kewan Photonics, has launched its first 400G/800G high-speed optical module production line, achieving full production capabilities [7]