Core Insights - On October 31, Meiga Xincai (603062) recorded a financing buy of 8.0844 million yuan and a financing repayment of 7.6856 million yuan, resulting in a net financing buy of 398,800 yuan and a financing balance of 127 million yuan. Over the past three trading days, the cumulative net buy reached 6.9824 million yuan, with 13 out of the last 20 trading days showing net financing buys [1] Financing Activity Summary - On October 31, the net financing buy was 398,800 yuan, with a financing balance of 127 million yuan, accounting for 6.82% of the circulating market value [2] - The financing balance increased by 0.31% compared to the previous day, reaching 127 million yuan [3] - The financing balance showed fluctuations over the past few days, with the highest net buy recorded on October 27 at 10.3866 million yuan, and a negative net buy on October 28 of 1.0779 million yuan [2][3]

Core Viewpoint - The company is focusing on building a global sales system and service team for its ship coatings, with production capabilities expected to meet demand over the next three years [1] Group 1 - The company has obtained certifications from three entities for its ship coatings [1] - The Zhuhai production base was completed and began production at the end of June this year [1] - Capacity enhancement in Nantong is also underway, allowing for flexible production arrangements based on order distribution [1]

特此公告。 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。 麦加芯彩新材料科技（上海）股份有限公司（以下简称"公司"）于 2025 年 10 月 22 日召开第二届董事会第十八次会议，审议通过了《关于使用部分闲置募 集资金进行现金管理及以协定存款方式存放募集资金余额的议案》，同意公司及 子公司在确保募集资金项目实施的前提下，采取长短期结合的方式，使用总额不 超过人民币 6.8 亿元（含本数）的部分暂时闲置募集资金进行现金管理，使用期 限自公司董事会审议通过之日起 12 个月内有效，在上述额度和期限内，资金可循 环滚动使用。同时同意公司将部分闲置募集资金存款余额以协定存款方式存放。 期限自公司董事会审议通过之日起不超过 12 个月。公司保荐机构已对此议案发表 了同意意见。具体内容详见公司披露于上海证券交易所网站（www.sse.com.cn） 的《关于使用部分闲置募集资金进行现金管理及以协定存款方式存放募集资金余 额的公告》（公告编号：2025-088）和相关文件。 近日，公司开立了募集资金现金管理专用结算账户，具体如下： | ...

Investment Rating - The investment rating for the company is "Buy" and is maintained [7]. Core Views - The company reported a revenue of 1.35 billion yuan for the first three quarters of 2025, a year-on-year decrease of 3%, while the net profit attributable to shareholders was 165 million yuan, an increase of 18% [2][4]. - In Q3 2025, the revenue was 460 million yuan, down 28% year-on-year and down 1% quarter-on-quarter, with a net profit of 55 million yuan, down 16% year-on-year and down 8% quarter-on-quarter [2][4]. - The wind power coating segment continues to grow, while the container coating segment shows limited decline [7]. Summary by Sections Revenue and Profitability - The company achieved a gross margin of approximately 23.8% in the first three quarters, an increase of 3.3 percentage points year-on-year, primarily due to the higher proportion of high-margin wind power business [7]. - The net profit margin for the first three quarters was approximately 12.3%, up 2.2 percentage points year-on-year [7]. Wind Power Coatings - Revenue from wind power coatings reached approximately 480 million yuan in the first three quarters, a year-on-year increase of 80%, with sales volume of about 16,000 tons, up 86% year-on-year [7]. - The average price for Q3 was approximately 30,000 yuan per ton, down 3% year-on-year, but showed some recovery compared to Q2 [7]. Container Coatings - Revenue from container coatings was approximately 860 million yuan in the first three quarters, a year-on-year decline of 22%, with sales volume of about 56,000 tons, also down 22% year-on-year [7]. - The average price for container coatings in Q3 was approximately 14,300 yuan per ton, showing a significant downward trend due to decreased demand [7]. Strategic Developments - The company is establishing an industrial coatings platform, with initial focus on ship coatings, having received various certifications from classification societies [7]. - The global ship coatings market is estimated at 30 billion yuan, with significant profit potential compared to the current markets for container and wind blade coatings [7]. Financial Projections - The company is projected to achieve net profits of approximately 230 million yuan and 280 million yuan for 2025 and 2026, respectively, corresponding to valuations of 24 and 20 times earnings [7].

近日，公司开立了募集资金现金管理专用结算账户，具体如下： | 账户名称 | 开户机构 | 账户 | | --- | --- | --- | | 麦加芯彩新材料科技 | 上海浦东发展银行股份 | 98430078801300003164 | | （上海）股份有限公司 | 有限公司嘉定支行 | | | 麦加芯彩新材料科技 | 上海浦东发展银行股份 | 98430078801100003165 | | （上海）股份有限公司 | 有限公司嘉定支行 | | | 麦加芯彩新材料科技 | 上海浦东发展银行股份 | 98430078801000003166 | | （上海）股份有限公司 | 有限公司嘉定支行 | | 根据《上市公司募集资金监管规则（2025 年修订）》等相关规定，公司将 在现金管理产品到期且无下一步使用或购买计划时及时注销该结算账户，现金管 理专用结算账户将专用于闲置募集资金现金管理投资产品的结算，不会存放非募 集资金或用作其他用途。 特此公告。 证券代码：603062 证券简称：麦加芯彩 公告编号：2025-095 麦加芯彩新材料科技（上海）股份有限公司 关于开立募集资金现金管理专用结算账户的公告 本公司董 ...

Core Viewpoint - The company is making steady progress in expanding its anti-reflective photovoltaic glass coating market, with various clients at different stages of the approval process [2] Group 1: Market Expansion - The market expansion for the company's anti-reflective photovoltaic glass coating is proceeding as planned, with progress dependent on individual clients' internal processes and timelines [2] - Some clients have completed sample testing, while others are awaiting internal supplier approval processes [2] - A portion of clients has begun small-scale continuous shipments [2] Group 2: International Market Development - The company is also actively exploring overseas markets for its products [2] - The market expansion for the company's photovoltaic composite frame coating is ongoing, with different clients at various stages of development [2]

Core Viewpoint - The company is diversifying its revenue and profit sources through its marine equipment segment and renewable energy products, particularly focusing on photovoltaic coatings [1] Group 1: Marine Equipment Segment - The marine equipment segment includes container coatings, ship coatings, offshore platform coatings, and port equipment coatings, each at different stages of business development [1] Group 2: Renewable Energy Segment - Photovoltaic coatings are a key product in the company's renewable energy segment, enhancing its layout in the new energy coatings market and supporting sustained growth in this area [1]

Investment Rating - The report maintains an investment rating of "Outperform" for the new materials sector [1]. Core Insights - The release of the "Beijing Wind Energy Declaration 2.0" highlights new development opportunities in the wind power materials sector, aiming for significant growth in installed capacity by 2030 and beyond [6]. - The new materials index increased by 2.81%, underperforming compared to the ChiNext index, which rose by 5.24% [3][14]. - The report emphasizes the importance of quality and efficiency over mere scale expansion in the wind power industry, suggesting improved profitability for the sector [6]. Market Performance Summary - The new materials sector saw a weekly increase, with the new materials index rising by 2.81% [3]. - Over the past five trading days, various sub-sectors showed mixed performance: synthetic biology index down by 0.96%, semiconductor materials down by 1.78%, electronic chemicals up by 1.80%, biodegradable plastics up by 1.19%, industrial gases down by 1.45%, and battery chemicals down by 1.53% [3][18]. - The report notes that the overall market performance for the new materials sector is improving, with a focus on specific companies like "Times New Materials" and "Maijia Xincai" for potential investment opportunities [6].

法律意见书 北京市中伦律师事务所 关于麦加芯彩新材料科技（上海）股份有限公司 2025 年限制性股票激励计划首次授予相关事项的 法律意见书 二〇二五年十月 北京 • 上海 • 深圳 • 广州 • 武汉 • 成都 • 重庆 • 青岛 • 杭州 • 南京 • 海口 • 东京 • 香港 • 伦敦 • 纽约 • 洛杉矶 • 旧金山 • 阿拉木图 Beijing • Shanghai • Shenzhen • Guangzhou • Wuhan • Chengdu • Chongqing • Qingdao • Hangzhou • Nanjing • Haikou • Tokyo • Hong Kong • London • New York • Los Angeles • San Francisco • Almaty 北京市中伦律师事务所 关于麦加芯彩新材料科技（上海）股份有限公司 2025 年限制性股票激励计划首次授予相关事项的 法律意见书 致：麦加芯彩新材料科技（上海）股份有限公司 北京市中伦律师事务所（以下简称"本所"）接受麦加芯彩新材料科技（上 海）股份有限公司（以下简称"公司"）的委托，就公司 2025 ...

麦加芯彩新材料科技（上海）股份有限公司 董事会薪酬与考核委员会关于 2025 年限制性股票激励计划 首次授予部分激励对象名单（授予日）的核查意见 麦加芯彩新材料科技（上海）股份有限公司（以下简称"公司"）董事会薪 酬与考核委员会根据《中华人民共和国公司法》（以下简称"《公司法》"）、 《中华人民共和国证券法》（以下简称"《证券法》"）、《上市公司股权激励 管理办法》（以下简称"《管理办法》"）等有关法律、行政法规、规范性文件 和《公司章程》的有关规定，对公司2025年限制性股票激励计划（以下简称"《激 励计划》"）的授予日首次授予部分激励对象名单进行了核查，发表核查意见如 下： （3）最近12个月内因重大违法违规行为被中国证监会及其派出机构行政处 罚或者采取市场禁入措施； （4）具有《公司法》规定的不得担任公司董事、高级管理人员情形的； （5）法律法规规定不得参与上市公司股权激励的； （6）中国证监会认定的其他情形。 4、本次激励计划的激励对象中不包括独立董事，亦不包括持股5%以上的主 要股东或实际控制人及其配偶、父母和子女。 5、激励对象不存在被禁止参与股权激励计划的其他情形。 1、获授权益的激励对象名单的 ...