(一)股东大会召开的时间：2025 年 11 月 21 日 (二)股东大会召开的地点：公司会议室 (三)出席会议的普通股股东和恢复表决权的优先股股东及其持有股份情况： 证券代码：603115 证券简称：海星股份 公告编号：2025-042 南通海星电子股份有限公司 2025年第二次临时股东会决议公告 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。 重要内容提示： 本次会议是否有否决议案：无 一、 会议召开和出席情况 | 1、出席会议的股东和代理人人数 | 76 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 157,711,500 | | 3、出席会议的股东所持有表决权股份数占公司有表决权股 | | | 份总数的比例（%） | 65.1995 | (四)表决方式是否符合《公司法》及《公司章程》的规定，大会主持情况等。 本次股东会由公司董事会召集，董事长周小兵先生主持。 本次会议采用现场投票和网络投票相结合的表决方式进行表决。会议的召开和表 决符合《公司法》、《公司章程》等有关法律、法规、 ...

南通海星电子股份有限公司 2025 年第二次临时股东会 之 法律意见书 国浩律师（上海）事务所 关 于 上海市静安区山西北路 99 号苏河湾中心 MT 25-28 层 邮编：200085 25-28/F, Suhe Centre, 99 North Shanxi Road, Jing'an District, Shanghai, China 电话/Tel: +86 21 5234 1668 传真/Fax: +86 21 5234 1670 网址/Website: http://www.grandall.com.cn 二零二五年十一月 国浩律师（上海）事务所 关于南通海星电子股份有限公司 2025 年第二次临时股东会之法律意见书 致：南通海星电子股份有限公司 受南通海星电子股份有限公司（以下简称"公司"）委托，国浩律师（上海） 事务所（以下简称"本所"）指派律师出席了公司于 2025 年 11 月 21 日召开的 2025 年第二次临时股东会，并根据《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》"）等法律、 法规及中国证券监督管理委员会《上市公司股东会规则》 ...

Core Viewpoint - The stock of Hai Xing Co., Ltd. has shown significant growth this year, with a notable increase in both stock price and financial performance metrics [1][2]. Financial Performance - As of September 30, 2025, Hai Xing Co., Ltd. achieved a revenue of 1.711 billion yuan, representing a year-on-year growth of 21.45% [2]. - The net profit attributable to the parent company for the same period was 147 million yuan, reflecting a year-on-year increase of 41.41% [2]. - The company has distributed a total of 934 million yuan in dividends since its A-share listing, with 443 million yuan distributed over the past three years [3]. Stock Market Activity - The stock price of Hai Xing Co., Ltd. increased by 65.64% year-to-date, with a 1.90% rise over the last five trading days and a 10.04% increase over the last 20 days [1]. - The company has appeared on the "Dragon and Tiger List" five times this year, with the most recent appearance on July 24, where it recorded a net buy of -107 million yuan [1]. Shareholder Information - As of September 30, 2025, the number of shareholders increased to 14,900, a rise of 14.57% from the previous period [2]. - The average number of circulating shares per shareholder decreased by 11.73% to 16,238 shares [2]. - Notably, some institutional investors have exited the top ten circulating shareholders list [3]. Company Overview - Hai Xing Co., Ltd. specializes in the research, production, and sales of aluminum electrolytic capacitor electrode foils, with its main business revenue composition being 95.29% from chemical foils, 4.35% from etched foils, and 0.35% from other sources [1].

虽然公司及子公司购买的为低风险理财产品，但金融市场受宏观经济的影响 较大，理财产品可能会面临政策风险、流动性风险、收益波动等投资风险。 一、委托理财基本情况 南通海星电子股份有限公司（以下简称"公司"）于 2025 年 8 月 29 日召开 第五届董事会第十次会议、第四届监事会第二十次会议，审议通过了《关于使用 闲置自有资金进行委托理财的议案》，同意公司及子公司在确保资金安全和不影 响日常运营资金周转需要的前提下，使用不超过（含）人民币 2 亿元的闲置自有 资金进行委托理财，在上述额度内，资金可以滚动使用。投资范围包括安全性高、 流动性好的银行理财产品、券商理财产品、信托理财产品、其他类（如公募基金 产品、私募基金产品）等。授权使用期限为董事会审议通过该事项之日起 12 个 月内，同时，授权公司董事长或董事长授权人士在上述额度内签署相关合同文件， 公司财务部负责组织实施。具体内容详见公司 2025 年 8 月 30 日披露于上海证券 交易所官网（www.sse.com.cn）的《关于使用闲置自有资金进行委托理财的公告》 （公告编号：2025-033）。 证券代码：603115 证券简称：海星股份 公告编号：2 ...

海星股份 2025 年第二次临时股东会会议资料 海星股份 2025 年第二次临时股东会会议资料 资料目录 | 年第二次临时股东会须知 1 | 2025 | | --- | --- | | 年第二次临时股东会会议议程 3 | 2025 | | 议案一：关于取消监事会、变更注册资本并修订《公司章程》的议案 4 | | | 议案二：关于制定和修订部分治理制度的议案 6 | | 海星股份 2025 年第二次临时股东会会议资料 南通海星电子股份有限公司 证券代码：603115 证券简称：海星股份 南通海星电子股份有限公司 2025 年第二次临时股东会会议资料 2025 年 11 月 2025 年第二次临时股东会须知 为维护全体股东的合法权益，确保南通海星电子股份有限公司（以下简称"公 司"）2025 年第二次临时股东会的正常秩序和议事效率，根据《中华人民共和国 公司法》《上海证券交易所股票上市规则》《上市公司股东会规则》《公司章程》 等相关规定，制定会议须知如下： 一、 为保证股东会的严肃性和正常秩序，切实维护与会股东（包括股东代 理人，下同）的合法权益，除出席会议的股东、公司董事、监事、高级管理人员、 见证律师及董事 ...

Core Viewpoint - Haixing Co., Ltd. (603115) announced on October 31 that it will disclose the number of shareholders at the end of the reporting period in its regular reports to ensure equal access to information for all investors [1] Group 1 - The company aims to provide transparency by reporting the number of shareholders [1]

Core Viewpoint - Haixing Co., Ltd. (603115) emphasizes that its main product, electrode foil, is a core raw material for aluminum electrolytic capacitors, with applications in consumer electronics, artificial intelligence, and AI servers [1] Company Summary - The company specializes in electrode foil production, which is essential for aluminum electrolytic capacitors [1] - The applications of the company's products span across various sectors, including consumer electronics and AI technology [1] Industry Summary - The demand for aluminum electrolytic capacitors is driven by growth in consumer electronics and advancements in artificial intelligence [1]

Company Overview - Haixing Co., Ltd. was established on January 8, 1998, and listed on the Shanghai Stock Exchange on August 9, 2019. The company is headquartered in Nantong, Jiangsu Province and is a leading enterprise in the domestic aluminum electrolytic capacitor electrode foil industry, possessing strong R&D capabilities and scale advantages [1] Financial Performance - As of Q3 2025, Haixing's operating revenue was 1.711 billion yuan, ranking 25th out of 31 in the industry, significantly lower than the industry leader, China Aluminum, with 176.516 billion yuan, and the second place, Innovation New Materials, with 58.716 billion yuan. The industry average revenue was 16.562 billion yuan, and the median was 5.83 billion yuan [2] - The net profit for the same period was 147 million yuan, ranking 16th in the industry, again far behind China Aluminum's 17.296 billion yuan and Yun Aluminum's 5.22 billion yuan. The net profit was in line with the industry median but below the average of 1.346 billion yuan [2] Financial Ratios - As of Q3 2025, Haixing's debt-to-asset ratio was 31.51%, an increase from 20.22% year-on-year, but still below the industry average of 46.20%, indicating good solvency and relatively low financial risk. The gross profit margin for the same period was 21.26%, slightly up from 21.02% year-on-year and significantly higher than the industry average of 10.69%, reflecting strong profitability [3] Executive Compensation - The chairman, Zhou Xiaobing, received a salary of 800,000 yuan in 2024, an increase of 115,200 yuan from 684,800 yuan in 2023. The general manager, Sun Xinming, earned 762,100 yuan in 2024, up by 110,100 yuan from 652,000 yuan in 2023 [4] Shareholder Information - As of September 30, 2025, the number of A-share shareholders increased by 14.57% to 14,900, while the average number of circulating A-shares held per shareholder decreased by 11.73% to 16,200. Notably, several funds exited the top ten circulating shareholders list [5]

Core Viewpoint - Haixing Co., Ltd. (603115.SH) focuses on the production of electrode foil, which is a core raw material for aluminum electrolytic capacitors, applicable in various fields such as consumer electronics and artificial intelligence [1] Company Summary - The main product of Haixing Co., Ltd. is electrode foil [1] - The electrode foil is essential for aluminum electrolytic capacitors [1] - The applications of the company's products include consumer electronics and AI servers [1]

Summary of Haixin Co., Ltd. Conference Call Company Overview - **Company**: Haixin Co., Ltd. - **Industry**: Aluminum electrolytic capacitor and electrode foil manufacturing Key Financial Performance - **Q3 2025 Net Profit**: Approximately 81 million yuan, a year-on-year increase of 51% [2][3] - **Q3 2025 Non-recurring Net Profit**: 63 million yuan, a year-on-year increase of 25% [2][3] - **Cumulative Net Profit for First Three Quarters**: 147 million yuan, a year-on-year increase of 41.4% [2][3] - **Cumulative Non-recurring Net Profit**: 128 million yuan, a year-on-year increase of 32.75% [2][3] - **Q3 2025 Revenue**: 1.619 billion yuan, a year-on-year increase of 21.37% [3] - **Cumulative Revenue for First Three Quarters**: 1.71 billion yuan, a year-on-year increase of 21.45% [3] Margin Improvement Factors - **Gross Margin Improvement**: Driven by cost reductions, particularly lower electricity costs during the water-rich period in Sichuan and full-capacity operation in Xinjiang [2][4][5] - **Production Cost Optimization**: The Xinjiang base operates at the lowest electricity price among the three subsidiaries, contributing to overall cost reduction [4][5] Market Position and Product Applications - **Global Market Share**: Second in global market share for electrode foil, involved in drafting industry standards [2][7] - **Downstream Applications**: - Consumer electronics and industrial control account for approximately 50% of applications - New energy applications account for nearly 40% - AI and server applications account for about 10% [2][8] - **Profitability by Application**: - AI server products have the highest gross margin - Automotive electronics capacitors exceed 40% gross margin - Consumer electronics below 20% - Industrial control at 20-25% - New energy at approximately 30% [10] Production Capacity and Trends - **Current Production Capacity**: 42 million square meters, expected to reach 54 million square meters by the end of 2025 [4][13] - **Production Trends**: Continuous increase in production and sales volume, with significant improvements in Q2 and Q3 due to new capacity coming online [6] Customer Structure and Market Dynamics - **Customer Base**: Major clients include top ten capacitor manufacturers globally, accounting for about 40% of total sales [4][17][18] - **Market Concentration**: Approximately 80% of global aluminum foil and electrolytic capacitor production capacity is concentrated in China [17] - **Competitive Landscape**: Haixin is gradually increasing its market share against traditional Japanese and Korean manufacturers through technological advancements [16][20] Future Outlook - **Order Visibility**: Current order visibility is about one quarter, with expectations for moderate growth in traditional sectors and double-digit growth in new energy and AI applications [24] - **Dividend Policy**: The company has maintained a high dividend payout since its listing, with expectations to continue this trend [23] Additional Insights - **Technological Challenges**: The production of aluminum electrode foil faces significant challenges, particularly in the corrosion process, which is critical for capacity [22] - **Emerging Markets**: The company is expanding into AI-related products, including solid-state capacitors, which are in high demand [21]