证券代码：603125 证券简称：常青科技 公告编号：2025-072 江苏常青树新材料科技股份有限公司 江苏常青树新材料科技股份有限公司 关于变更持续督导保荐代表人的公告 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。 2025 年 11 月 1 日 江苏常青树新材料科技股份有限公司 附件：钱林凯先生简历 钱林凯先生，北京大学金融硕士，保荐代表人。现任职于光大证券投资银行 总部，先后负责或参与了江苏常青树新材料科技股份有限公司（603125）向不特 定对象发行可转换公司债券项目、江苏常青树新材料科技股份有限公司（603125） 首次公开发行股票项目、广西河池化工股份有限公司（000953）重大资产重组项 目、四川福蓉科技股份公司（603327）首次公开发行股票项目等。在保荐业务执 业过程中严格遵守《证券发行上市保荐业务管理办法》等相关规定，执业记录良 好。 江苏常青树新材料科技股份有限公司（以下简称"公司"）于 2025 年 10 月 31 日收到光大证券股份有限公司（以下简称"光大证券"）出具的《关于变 更江苏常青树新材料 ...

Core Points - The company Changqing Technology (603125) reported a closing price of 16.44 yuan on October 30, 2025, down 2.03% with a turnover rate of 3.1% and a trading volume of 31,400 shares, amounting to a transaction value of 51.87 million yuan [1] Trading Information Summary - On October 30, 2025, the net outflow of main funds was 5.30 million yuan, accounting for 10.22% of the total transaction value; retail investors had a net inflow of 3.73 million yuan, representing 7.19% of the total transaction value [2] Shareholder Changes - As of September 30, 2025, the number of shareholders increased to 20,700, up by 1,287 or 6.63% from June 30, 2025; the average number of shares held per account decreased from 20,900 to 19,600 shares, with an average market value of 326,200 yuan [3] Financial Performance Highlights - For the first three quarters of 2025, the company reported a main revenue of 713.31 million yuan, a year-on-year decrease of 11.9%; the net profit attributable to shareholders was 103 million yuan, down 34.19% year-on-year; the net profit excluding non-recurring items was 96.01 million yuan, also down 34.05% year-on-year [4][5] - In Q3 2025, the company recorded a single-quarter main revenue of 22.87 million yuan, a decline of 14.4% year-on-year; the single-quarter net profit attributable to shareholders was 32.30 million yuan, down 38.68% year-on-year [4][5] - The company’s debt ratio stood at 6.38%, with investment income of 8.46 million yuan and financial expenses of -4.47 million yuan; the gross profit margin was 27.05% [4] Company Announcements - The company has submitted a proposal for issuing convertible bonds to unspecified investors, which was accepted by the Shanghai Stock Exchange on October 29, 2025 [5]

Core Viewpoint - Changqing Technology, a leader in polymer new materials and specialized additives, has achieved significant technological breakthroughs and is expanding its production capacity, which is expected to enhance revenue and cash flow in the coming years [5]. Group 1: Company Overview - Changqing Technology was established on June 30, 2010, and went public on the Shanghai Stock Exchange on April 10, 2023, with its registered and operational base in Jiangsu Province [1]. - The company specializes in the research, production, and sales of polymer new materials and specialized additives, breaking foreign monopolies and achieving domestic substitution [1]. Group 2: Financial Performance - For Q3 2025, Changqing Technology reported revenue of 713 million yuan, ranking 43rd out of 79 in the industry, significantly lower than the industry leader, Sinochem International, which reported 35.716 billion yuan [2]. - The company's net profit for the same period was 103 million yuan, ranking 25th in the industry, which is below the second-ranked Jiahu Energy's 821 million yuan but above the industry average of 74.44 million yuan [2]. Group 3: Financial Ratios - As of Q3 2025, Changqing Technology's debt-to-asset ratio was 6.38%, significantly lower than the industry average of 34.74% [3]. - The company's gross profit margin was 27.05%, higher than the industry average of 19.93% [3]. Group 4: Shareholder Information - As of September 30, 2025, the number of A-share shareholders increased by 6.63% to 20,700, with an average holding of 4,889.58 shares, a decrease of 6.22% [5]. - Hong Kong Central Clearing Limited became the fifth-largest shareholder, holding 884,400 shares as a new investor [5]. Group 5: Future Outlook - Changqing Technology is expected to see steady revenue and cash flow growth from 2019 to 2024, driven by technological advancements and capacity expansion [5]. - The company plans to add a total production capacity of 160,500 tons per year, with 90,500 tons coming from new projects [5]. - Forecasted net profits for 2025, 2026, and 2027 are projected to be 125 million, 155 million, and 201 million yuan, respectively [5].

Core Viewpoint - Changqing Technology is actively advancing its Taizhou project, which aims to enhance its product matrix by extending into aromatic oxygen-containing polymer specialty monomers, thereby filling a gap in the domestic market [1] Group 1: Project Development - The Taizhou project (Phase I) is based on the company's existing product matrix and technological accumulation [1] - The project is progressing smoothly, with the company fully committed to its construction [1] Group 2: Product Application - The planned products from the fundraising project include specialty monomers applicable in high-end photoresist fields, which hold significant technological and application value [1] - These products are expected to effectively fill the domestic gap in related fields [1]

Core Viewpoint - Changqing Technology (603125) operates in the fine chemical sector, specifically in the high polymer new materials subfield, providing specialized monomers and additives that enhance downstream performance and functionality [1] Group 1: Company Overview - The company focuses on high polymer new materials, offering products that support performance improvement and functional enhancement for various applications [1] - The decision to apply these materials in sectors such as aerospace and drones is left to the customers [1] Group 2: Product and Market Strategy - The company aims to leverage its technological and product matrix advantages to continuously upgrade product functionalities [1] - There is an emphasis on customizing products to meet client-specific needs, enhancing the company's differentiated advantage in the high polymer new materials field [1]

Core Insights - Changqing Technology (603125.SH) released its Q3 2025 financial report on October 30, 2025, indicating a total of 5 institutional investors holding shares, amounting to 6.4381 million shares, which represents 1.59% of the total share capital [1] - The institutional holding percentage decreased by 0.60 percentage points compared to the previous quarter [1] Institutional Investors - The institutional investors include Zhenjiang Hebian Cao Equity Investment Management Partnership (Limited Partnership), Zhenjiang New District Jinyang Equity Investment Partnership (Limited Partnership), Hong Kong Central Clearing Limited, Guotai Jiatai Stock Special Pension Product - China Merchants Bank Co., Ltd., and Guangdong No. 7 Occupational Pension Plan - Everbright Bank [1] - The total institutional holding ratio stands at 1.59% [1] Public Funds - In this period, 32 public funds were not disclosed compared to the previous quarter, including E Fund CSI 300 Quantitative Enhancement, Guotai CSI Oil and Gas Industry ETF, Southern CSI 2000 ETF, Guotai Huiyi One-Year Holding Mixed A, and Guotai Yueyi Six-Month Holding Mixed A [1]

Core Viewpoint - Changqing Technology (603125.SH) reported a decline in both revenue and net profit for the third quarter of 2025, indicating challenges in its financial performance [1] Financial Performance - The company achieved a revenue of 229 million yuan in the third quarter, representing a year-on-year decrease of 14.40% [1] - The net profit attributable to shareholders was 32.30 million yuan, down 38.68% year-on-year [1] - For the first three quarters, the total revenue reached 713 million yuan, reflecting an 11.90% decrease compared to the same period last year [1] - The net profit attributable to shareholders for the first three quarters was 103 million yuan, which is a decline of 34.19% year-on-year [1]

Core Viewpoint - Changqing Technology (603125.SH) reported a decline in both revenue and net profit for the third quarter of 2025, indicating challenges in its financial performance [1] Financial Performance - The company achieved a revenue of 229 million yuan in the third quarter, representing a year-on-year decrease of 14.40% [1] - The net profit attributable to shareholders was 32.30 million yuan, down 38.68% year-on-year [1] - For the first three quarters, the total revenue was 713 million yuan, reflecting an 11.90% decrease compared to the same period last year [1] - The net profit attributable to shareholders for the first three quarters was 103 million yuan, which is a decline of 34.19% year-on-year [1]

证券代码：603125 证券简称：常青科技 公告编号：2025-070 江苏常青树新材料科技股份有限公司 关于向不特定对象发行可转换公司债券申请 获得上海证券交易所受理的公告 江苏常青树新材料科技股份有限公司 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。 江苏常青树新材料科技股份有限公司（以下简称"公司"）于 2025 年 10 月 29 日收到上海证券交易所（以下简称"上交所"）出具的《关于受理江苏常 青树新材料科技股份有限公司主板上市公司发行证券申请的通知》【上证上审（再 融资）〔2025〕324 号】。上交所依据相关规定对公司报送的沪市主板上市公司 发行证券的募集说明书及相关申请文件进行了核对，认为该项申请文件齐备，符 合法定形式，决定予以受理并依法进行审核。 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"）同意注册后方可实施。 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存在不确 定性。公司将根据该事项的进展情况，严格按照法律法规 ...

股票简称：常青科技 股票代码：603125 江苏常青树新材料科技股份有限公司 （Jiangsu Evergreen New Material Technology Incorporated Company） （镇江新区青龙山路 3 号） 向不特定对象发行可转换公司债券 募集说明书 （申报稿） （上海市静安区新闸路 1508 号） 二〇二五年十月 保荐人（主承销商） 江苏常青树新材料科技股份有限公司 募集说明书 声明 中国证监会、交易所对本次发行所作的任何决定或意见，均不表明其对申请 文件及所披露信息的真实性、准确性、完整性作出保证，也不表明其对发行人的 盈利能力、投资价值或者对投资者的收益作出实质性判断或保证。任何与之相反 的声明均属虚假不实陈述。 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 江苏常青树新材料科技股份有限公司 募集说明书 重大事项提示 本重大事项提示仅对需投资者特别关注的风险因素及其他重要事项进行提 醒。敬请投资者认 ...