| 证券代码：603186 | 证券简称：华正新材 | 公告编号 2025-031 | | --- | --- | --- | | 转债代码：113639 | 转债简称：华正转债 | | 经中国证券监督管理委员会证监许可[2021]2508 号文核准，浙江华正新材料 股份有限公司（以下简称"公司"）于 2022 年 1 月 24 日公开发行了 57,000.00 万元可转换公司债券，每张面值为人民币 100 元，共计 5,700,000 张。债券期限 6 年，自 2022 年 1 月 24 日至 2028 年 1 月 23 日止。票面利率第一年 0.20%、第 二年 0.40%、第三年 0.60%、第四年 1.50%、第五年 1.80%、第六年 2.00%。 经上海证券交易所自律监管决定书[2022]43 号文同意，公司 57,000.00 万元 可转换公司债券于 2022 年 2 月 22 日起在上海证券交易所上市交易，债券简称"华 正转债"，债券代码"113639"。 浙江华正新材料股份有限公司 关于"华正转债"预计满足转股价格修正条件 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 ...

重要内容提示： 根据中国证券监督管理委员会《上市公司证券发行注册管理办法》《公司债 券发行与交易管理办法》和上海证券交易所《股票上市规则》等有关规定，浙江 华正新材料股份有限公司（以下简称"公司"）委托信用评级机构上海新世纪资 信评估投资服务有限公司（以下简称"上海新世纪"）对公司 2022 年 1 月 24 日 发行的可转换公司债券（以下简称"华正转债"）进行了跟踪信用评级。 公司前次主体信用评级结果为"AA-"，评级展望为稳定；华正转债前次评 级结果为"AA+"；评级机构为上海新世纪，评级时间为 2024 年 6 月 13 日。 上海新世纪在对公司经营状况、行业发展情况等进行综合分析与评估的基础 上，于 2025 年 5 月 16 日出具了《浙江华正新材料股份有限公司公开发行可转换 公司债券定期跟踪评级报告》，维持公司主体信用等级为"AA-"，评级展望为"稳 定"，同时维持华正转债信用等级为"AA+"。本次评级结果较前次没有变化。 | 证券代码：603186 | 证券简称：华正新材 | 公告编号 2025-030 | | --- | --- | --- | | 转债代码：113639 | 转债简称：华正转 ...

内部编号:2025050035 浙江华正新材料股份有限公司 公开发行可转换公司债券 定期跟踪评级报告 熊桦 嵇敏珍 项目负责人: -- xh@shxsj.com jiminzhen@shxsj.com 中国 8222 项目组成员: 张明海 2-167 评级总监: 联系电话:(021)63501349 联系地址:上海市黄浦区汉口路 398 号华盛大厦 14 层 公司网站: www.shxsj.com 上海新世纪资信评估投资服务有限公司 Shanghai Brilliance Credit Rating & Investors Service Co., Ltd. 声明 除因本次评级事项使本评级机构与评级对象构成委托关系外,本评级机构、评级人员与评级对象不存在任何影响 评级行为独立、客观、公正的关联关系。 本评级机构与评级人员履行了调查和诚信义务,所出具的评级报告遵循了真实、客观、公正的原则。 本报告的评级结论是本评级机构依据合理的内部信用评级标准和程序做出的独立判断,未因评级对象和其他任 何组织或个人的不当影响改变评级意见。 本次跟踪评级的信用等级自本跟踪评级报告出具之日起至被评债券本息的约定偿付日有效。在被评债 ...

资金流向方面，今日主力资金净流出1542.75万元，占比成交额13.63%。其中，超大单净流入108.93万 元、占成交额0.96%，大单净流出1651.69万元、占成交额14.59%，中单净流出流出609.46万元、占成交 额5.38%，小单净流入2152.21万元、占成交额19.01%。 华正新材最新一期业绩显示，截至2025一季报，公司营业总收入10.30亿元、同比增长20.49%，归属净 利润1840.05万元，同比增长1953.51%，扣非净利润1438.46万元，同比增长2169.72%，流动比率0.930、 速动比率0.789、资产负债率76.51%。 金融界消息 截至2025年5月12日收盘，华正新材（603186）报收于26.64元，上涨0.38%，换手率3.0%， 成交量4.26万手，成交金额1.13亿元。 通过天眼查大数据分析，浙江华正新材料股份有限公司共对外投资了16家企业，参与招投标项目20次， 知识产权方面有商标信息20条，专利信息229条，此外企业还拥有行政许可33个。 来源：金融界 天眼查商业履历信息显示，浙江华正新材料股份有限公司，成立于2003年，位于杭州市，是一家以从事 ...

Industry Overview - The insulation products industry in China has developed rapidly since the 1990s, establishing a comprehensive industrial system and becoming the largest insulation products market globally. The market size is projected to reach approximately 77.5 billion yuan in 2024, with a year-on-year growth of 2.79% [1][14]. - The industry has matured technologically, with leading companies capable of developing high-end insulation products, gaining competitive advantages in international markets [1][14]. Market Dynamics - The insulation products are essential components in electrical equipment and electronic devices, serving various functions such as mechanical support, heat dissipation, and moisture protection [3]. - The industry benefits from the rapid development of sectors like renewable energy, efficient energy-saving motors, and rail transportation, contributing to a relatively prosperous market environment [5]. Policy Environment - Recent policies have been introduced to support the insulation products industry, including the "Implementation Plan for Accelerating the Breakthrough of 'Six New' Manufacturing in Henan Province" and the "Implementation Plan for the Innovation and Development of the Fine Chemical Industry (2024-2027)" [5][7]. Industry Chain - The upstream of the insulation products industry includes raw materials such as phenol, formaldehyde, and epoxy resin, which are essential for production. The industry is moving towards high-quality and environmentally friendly production due to supply-side structural reforms [8][10]. - The downstream applications include generator manufacturing, power transmission, new energy vehicles, and electronic communications, with increasing demand driven by the national "dual carbon" goals [8][11]. Key Companies - Notable companies in the insulation products sector include Dongcai Technology, Huazheng New Materials, and Shunma Electric, among others. These companies are focusing on innovation and expanding their market presence [16][19][21]. - Dongcai Technology reported a revenue of 32.45 million yuan in the first quarter of 2024, while Huazheng New Materials achieved 28.24 million yuan in the same period [18]. Development Trends - The industry is expected to focus on technological innovation, particularly in high-performance and environmentally friendly insulation materials. Innovations such as nano-modification and composite insulation technologies are anticipated to gain traction [23][24]. - The shift towards green and sustainable practices is becoming a priority, with increasing demand for halogen-free and biodegradable insulation materials [24][25]. Conclusion - The insulation products industry in China is poised for growth, driven by technological advancements, supportive policies, and expanding applications across various sectors. The competitive landscape is evolving, with both international giants and domestic players striving for market share through innovation and quality improvements [16][23].

Industry Overview - The insulation materials are defined as materials that do not conduct electricity under permissible voltage but can conduct under certain electric field strengths. Their primary function is to isolate charged conductors in electrical equipment, allowing current to flow along specific paths while providing mechanical support and protection [1][11]. - Insulation materials are categorized into solid, liquid, and gas types, with solid materials further divided into organic and inorganic categories [2][3]. Industry Chain Analysis - The insulation materials industry chain consists of upstream raw materials (e.g., phenol, formaldehyde, epoxy resin), midstream production (solid, liquid, and gas insulation materials), and downstream applications in sectors like electrical infrastructure, new energy vehicles, and aerospace [5][8]. Industry Development History - The insulation materials industry in China has evolved through four stages: initial development, technology introduction, technology innovation, and the current phase of industrial upgrading driven by new energy [11][12]. Policy Background - Recent policies from various government departments aim to promote the development of high-efficiency and environmentally friendly insulation materials, supporting the industry's high-quality growth [14]. Current Industry Status - The number of bidding projects in the insulation materials sector has shown a fluctuating growth trend, peaking at 612 projects in 2023 [15]. - The financing activity in the insulation materials industry has increased, with a peak financing amount of 2.025 billion yuan in 2022 [15]. - The market size of the insulation materials industry in China grew from 86.4 billion yuan in 2018 to 120.6 billion yuan in 2023, with a compound annual growth rate of 6.9% [19]. Competitive Landscape - The insulation materials industry is concentrated in economically developed eastern coastal regions, particularly Guangdong and Jiangsu provinces [20]. - Major companies in the insulation materials sector include Shandong Glass Fiber, Dongcai Technology, and Yuxing Co., with revenues exceeding 1.8 billion yuan for Shandong Glass Fiber in 2023 [24]. Future Development Trends - The market size of insulation materials is expected to exceed 200 billion yuan by 2030, with a compound annual growth rate of 7.8% from 2025 to 2030 [26]. - The industry is trending towards high-end and environmentally friendly products, with a focus on enhancing product performance and providing comprehensive insulation system solutions [28].

| 证券代码：603186 | 证券简称：华正新材 | 公告编号 2025-029 | | --- | --- | --- | | 转债代码：113639 | 转债简称：华正转债 | | 浙江华正新材料股份有限公司 关于为全资子公司提供担保的公告 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个别及连带责任。 重要内容提示： 被担保人名称：浙江华正新材料股份有限公司（以下简称"公司"）全 资子公司杭州华正新材料有限公司（以下简称"杭州华正"），珠海华正新材料 有限公司（以下简称"珠海华正"），浙江华正能源材料有限公司（以下简称"华 正能源"）。 本次担保金额及已实际为其提供的担保余额： 特别风险提示：公司对外担保总额超过最近一期经审计净资产100%，担 保余额超过公司最近一期经审计净资产50%，敬请投资者注意相关风险。 （一）担保基本情况 为支持全资子公司杭州华正、珠海华正、华正能源的经营发展，并根据其资 1 （1） 本次公司为杭州华正提供的最高担保金额为5,000万元人民币，已实 际为杭州华正提供的担保余额为36,224.36万元； ...

Financial Performance - The company's operating revenue for Q1 2025 was CNY 1,029,975,937.09, representing a 20.49% increase compared to CNY 854,789,538.12 in the same period last year[4] - Net profit attributable to shareholders was CNY 18,400,541.91, a significant turnaround from a loss of CNY 992,739.80 in the previous year[4] - The net profit after deducting non-recurring gains and losses reached CNY 14,384,597.80, up 2,169.72% from CNY 633,760.04 in the same period last year[4] - The basic and diluted earnings per share were both CNY 0.13, compared to a loss of CNY 0.01 per share in the previous year[5] - Operating profit for Q1 2025 was ¥16,829,571.08, a significant recovery from a loss of ¥6,990,292.84 in Q1 2024[17] - Net profit for Q1 2025 was ¥18,763,489.55, compared to a net loss of ¥817,356.81 in Q1 2024[18] Cash Flow - The net cash flow from operating activities was negative at CNY -213,806,304.67, worsening from CNY -67,218,009.25 in the same period last year[4] - Cash flow from operating activities for Q1 2025 was negative at -¥213,806,304.67, compared to -¥67,218,009.25 in Q1 2024[21] - Cash flow from investing activities generated a net inflow of ¥93,536,933.40 in Q1 2025, contrasting with a net outflow of -¥104,254,107.17 in Q1 2024[22] - Cash flow from financing activities yielded a net inflow of ¥151,345,765.16 in Q1 2025, down from ¥253,116,333.97 in Q1 2024[22] Assets and Liabilities - Total assets at the end of the reporting period were CNY 6,452,476,876.68, a 5.56% increase from CNY 6,112,559,946.57 at the end of the previous year[5] - The company's total liabilities increased to RMB 4,936,593,930.03 from RMB 4,615,440,489.47, representing a rise of about 6.96%[15] - The total equity attributable to shareholders reached RMB 1,473,671,243.38, up from RMB 1,455,270,701.47, indicating an increase of approximately 1.20%[15] - Cash and cash equivalents stood at RMB 488,767,435.18, compared to RMB 467,553,111.65 at the end of 2024, marking a growth of about 4.66%[13] - Accounts receivable rose to RMB 1,624,880,581.89 from RMB 1,512,038,108.12, reflecting an increase of approximately 7.44%[13] - Inventory levels increased to RMB 495,086,544.95 from RMB 454,915,743.51, showing a growth of around 8.83%[13] - The company reported a total of RMB 3,271,356,085.24 in current assets, up from RMB 2,918,747,995.01, reflecting a growth of about 12.06%[13] - Non-current assets totaled RMB 3,181,120,791.44, slightly down from RMB 3,193,811,951.56, indicating a decrease of approximately 0.39%[14] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 20,318[10] - The largest shareholder, Huali Group Co., Ltd., held 40.07% of the shares, totaling 56,902,768 shares[10] Government Support - The company received government subsidies amounting to CNY 4,700,465.56, which positively impacted the financial results[6] Future Accounting Standards - Zhejiang Huazheng New Materials Co., Ltd. will implement new accounting standards starting from 2025, affecting the financial statements from the beginning of that year[23]

华正新材（603186）公告，2025年第一季度营收为10.3亿元，同比增长20.49%；净利润为1840.05万 元，去年同期净亏损99.27万元。 ...

| 证券代码：603186 | 证券简称：华正新材 | 公告编号：2025-028 | | --- | --- | --- | | 转债代码：113639 | 转债简称：华正转债 | | 浙江华正新材料股份有限公司 2024年年度股东大会决议公告 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 (一)股东大会召开的时间：2025 年 4 月 10 日 (二)股东大会召开的地点：浙江省杭州市余杭区余杭街道华一路 2 号公司 2 楼会 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： | 1、出席会议的股东和代理人人数 | 171 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 60,818,887 | | 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（%） | 42.8265 | (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。 本次股东大 ...