40thFloor Bund Center, 222 East Yan An Road, Shanghai 200002, P.R.China 中国上海市延安东路 222 号外滩中心 40 楼 200002 Tel/电话:(8621) 6249 6040 Fax/传真:(8621) 6248 2266 Website/网址: www.jinmao.com.cn 上海市金茂律师事务所 关于宏和电子材料科技股份有限公司 宏和电子材料科技股份有限公司（以下简称"公司"）2024 年第三次临时股 东大会（以下简称"本次股东大会"）于 2024 年 9 月 19 日下午在公司会议室召开。 上海市金茂律师事务所（以下简称"本所"）经公司聘请并接受公司委托，委派翟 正洪律师、赵可沁律师（以下简称"本所律师"）出席本次股东大会，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》"）、中国证券监督管理委员会《上市公司股东大会规则》 （以下简称"《股东大会规则》"）等相关法律、法规和规范性文件以及《宏和电 子材料科技股份有限公司章程》（以下简称"《公司章程》"），就本次股 ...

Investment Rating - The report assigns a "Buy" rating for the company, marking it as the first rating given [4]. Core Insights - The company reported a revenue of 410 million yuan for the first half of 2024, representing a year-over-year increase of 41.4%. The net profit attributable to the parent company was 1 million yuan, indicating a turnaround from losses, while the non-recurring net profit was a loss of 5 million yuan, showing a narrowing of losses compared to the previous year [2][6]. - In the second quarter of 2024, the company achieved a revenue of 220 million yuan, up 31.2% year-over-year and 14.7% quarter-over-quarter. The net profit attributable to the parent company was 9 million yuan, and the non-recurring net profit was 6 million yuan, marking the first quarterly profit since 2023 [2][6]. - The recovery in electronic fabric prices has contributed to improved revenue and a return to profitability. The company possesses leading global manufacturing capabilities in high-end electronic fabrics, and the launch of the Huangshi Honghe project has enhanced its self-supply capacity for ultra-fine yarn, strengthening its competitive position [2][6]. Financial Performance Summary - For the first half of 2024, the company sold 100 million meters of electronic fabric, a year-over-year increase of 38.8%, with a sales rate of 106%. In the second quarter, sales reached 52.61 million meters, up 19.1% year-over-year and 8.6% quarter-over-quarter [6]. - The average price of electronic fabric in the first half of 2024 was 3.7 yuan/meter, down 2.6% year-over-year. In the second quarter, the average price remained at 3.7 yuan/meter, showing a year-over-year increase of 1.9% [6]. - The gross profit margin for the first half of 2024 was 15.1%, up 5.6 percentage points year-over-year, while the second quarter gross profit margin was 17.7%, up 13.3 percentage points year-over-year [6]. - The company forecasts revenues of 800 million, 970 million, and 1.18 billion yuan for 2024, 2025, and 2026, respectively, with year-over-year growth rates of 21.1% for each year. The net profit attributable to the parent company is expected to be 20 million, 50 million, and 120 million yuan for the same years, with significant growth rates of 134.1%, 124.7%, and 144.5% [6][7].

Investment Rating - The report maintains a "Buy" rating for the company, indicating a positive outlook for the stock's performance in the next six months [4][6]. Core Views - The company achieved a net profit of 0.01 billion yuan in the first half of 2024, marking a turnaround from losses in the previous year, with total revenue reaching 4.08 billion yuan, a year-on-year increase of 41.45% [1][4]. - The demand for electronic fabrics is on the rise, with a 35% increase in revenue to 3.7 billion yuan in the first half of 2024, driven by growing terminal market demand [2][4]. - The company is expected to gradually achieve domestic substitution in high-end electronic fabric manufacturing, with projected net profits of 0.3 billion yuan, 0.8 billion yuan, and 1.2 billion yuan for 2024, 2025, and 2026 respectively [4][6]. Financial Performance Summary - The company reported a gross margin of 15.14% in the first half of 2024, an increase of 5.62 percentage points year-on-year, with a quarterly gross margin of 17.73% in Q2 2024 [3]. - The operating cash flow for the first half of 2024 was 0.27 billion yuan, an increase of 0.72 billion yuan year-on-year, indicating improved cash generation capabilities [3][11]. - The company’s total revenue is projected to grow from 661.15 million yuan in 2023 to 808.03 million yuan in 2024, reflecting a growth rate of 22.21% [5][12]. Market Trends and Outlook - The electronic fabric industry has begun to see price increases since April 2024, with expectations for further price improvements in the second half of the year, enhancing profit potential [2][4]. - The recovery in downstream consumer electronics demand, particularly in smartphones and tablets, is expected to continue, supporting the company's growth trajectory [2][4].

证券代码： 603256 证券简称：宏和科技 公告编号：2024-055 宏和电子材料科技股份有限公司 关于增加 2024 年度日常关联交易预计情况的公告 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： 该事项尚需提交股东大会审议。关联股东将回避表决。 本次增加预计2024年度日常关联交易额度为公司正常生产经营行为，以市场 价格为定价标准，不会对关联方形成较大的依赖，不会影响公司的独立性，不存 在损害公司及中小股东的利益的情况。 一、日常关联交易基本情况 1、日常关联交易履行的审议程序 宏和电子材料科技股份有限公司（以下简称"公司"）第三届董事会第十四 次会议及2023年年度股东大会审议通过了《关于公司2024年度日常关联交易预计 情况的议案》。 1.1必成玻璃纤维（昆山）有限公司 2024年8月28日，公司召开第四届董事会第二次会议，审议通过了《关于增 加公司2024年度日常关联交易预计情况的议案》。关联董事吴最、钟静萱回避表 决，该事项以同意票7票，反对票0票，弃权票0票获得通过。 该事项尚需提交股东 ...

证券代码：603256 证券简称：宏和科技 公告编号：2024-056 宏和电子材料科技股份有限公司 关于子公司 2024 年度 申请综合授信额度及担保额度预计的公告 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： 1、被担保人名称：黄石宏和电子材料科技有限公司（以下简称"黄石宏和"）， 为宏和电子材料科技股份有限公司（以下简称"公司"）的全资子公司。 2、本次担保金额及已实际为其提供的担保余额：公司拟为黄石宏和向银行 申请不超过人民币肆亿元（或等值外币）的综合授信提供担保额度。截至本公告 披露日，公司已实际为黄石宏和提供的担保余额为 481,149,020.52 元人民币（说 明：原担保额度为人民币 1,015,000,000.00 元 ， 已实际借款人民币 533,850,979.48 元）。 3、本次是否有反担保：无。 4、对外担保逾期的累计数量：无。 一、本次申请综合授信额度及担保额度预计情况概述 （一）本次申请综合授信额度及担保额度预计基本情况 为满足日常经营及业务发展需要，拓宽融资渠道，在确保 ...

证券代码：603256 证券简称：宏和科技 公告编号：2024-052 宏和电子材料科技股份有限公司 第四届董事会第二次会议决议公告 （一）审议通过了《关于公司 2024 年半年度报告正文及摘要的议案》。 本议案已经公司董事会审计委员会审议通过，并同意提交公司董事会审议。 根据相关法律法规及《上海证券交易所股票上市规则》等规定，结合公司 2024 年上半年度经营的实际情况，公司董事会编制了《宏和电子材料科技股份 有限公司 2024 年半年度报告》、《宏和电子材料科技股份有限公司 2024 年半 年度报告摘要》，报告不存在任何虚假记载、误导性陈述或重大遗漏。 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。 一、董事会会议召开情况 （一）宏和电子材料科技股份有限公司（以下简称"公司"）第四届董事会 第二次会议的召开符合有关法律、行政法规、部门规章、规范性文件和公司章程 的规定。 （二）本次会议通知于 2024 年 8 月 22 日以电子邮件方式向全体董事发出。 （三）本次会议于 2024 年 8 月 28 日在公司以现场结合 ...

Financial Performance - The company's operating revenue for the first half of 2024 reached ¥407,691,490.48, representing a 41.45% increase compared to ¥288,230,277.20 in the same period last year[17]. - The net profit attributable to shareholders of the listed company was ¥817,526.77, a significant recovery from a loss of ¥20,722,730.90 in the previous year[17]. - The net cash flow from operating activities was ¥27,312,966.76, improving from a negative cash flow of ¥44,489,996.81 in the same period last year[17]. - Basic earnings per share for the reporting period (January to June) is 0.001 CNY, compared to -0.024 CNY in the same period last year, marking a significant improvement[18]. - The weighted average return on net assets increased by 1.45 percentage points to 0.06% from -1.39% year-on-year[18]. - The company reported non-recurring gains of 5,914,349.21 CNY, primarily from government subsidies and asset disposals[19]. - The company achieved operating revenue of 407.69 million yuan, an increase of 41.45% year-on-year[34]. - Net profit for the period was 0.82 million yuan, with a basic earnings per share of 0.001 yuan[34]. - The company reported a net profit of ¥1,983,507.04 for the first half of 2024, a turnaround from a net loss of -¥18,406,957.80 in the same period last year[101]. - The company achieved a total profit of ¥17,129,297.37 in the first half of 2024, compared to ¥10,623,876.44 in the same period of 2023, marking a growth of 61.5%[103]. Assets and Liabilities - The total assets at the end of the reporting period amounted to ¥2,596,671,306.53, reflecting a 2.55% increase from ¥2,532,171,730.10 at the end of the previous year[17]. - The net assets attributable to shareholders of the listed company were ¥1,428,785,007.72, showing a slight increase of 0.13% from ¥1,426,956,868.13 at the end of the previous year[17]. - Total liabilities reached RMB 1,167,886,298.81, compared to RMB 1,105,214,861.97, showing an increase of about 5.7%[98]. - The company's equity attributable to shareholders was RMB 1,428,785,007.72, slightly up from RMB 1,426,956,868.13, reflecting a marginal increase of about 0.1%[98]. - The total amount of special reserves at the end of the period is CNY 85,822,760.65, unchanged from the previous period[114]. - The total equity at the end of the reporting period is CNY 1,571,134,490.25, a decrease from CNY 1,584,808,734.81 at the end of the previous period[116]. Research and Development - Research and development expenses increased by 28.02% to 21.58 million yuan due to higher investment in R&D[35]. - Research and development expenses for the first half of 2024 amounted to ¥13,380,830.22, up from ¥11,317,486.73 in the previous year, reflecting a growth of 18.2%[103]. Environmental Compliance - The company’s environmental management practices in the first half of 2024 adhered to national and local regulations, with all emissions meeting standards[59]. - The company’s wastewater treatment facilities are operational, ensuring that wastewater is treated and discharged in compliance with regulations[59]. - The company achieved a 100% compliance rate for hazardous waste disposal, with all waste managed by qualified companies[60]. - The company has implemented measures to reduce carbon emissions, including energy management audits and clean production methods[70]. - The company faced an administrative penalty of CNY 39,800 for improper operation of environmental equipment, which has since been rectified[67]. Market and Industry Outlook - The glass fiber industry in China is expected to see optimistic supply and demand conditions, with expanding application fields and improved technology levels[25]. - The company aims to reduce production costs and adapt products to market trends to seize development opportunities in the glass fiber industry[25]. - The electronic-grade glass fiber products are used in high-tech applications such as smartphones, servers, and automotive electronics[21]. Corporate Governance - The company did not distribute profits or increase capital reserves through stock issuance for the first half of 2024[4]. - The company has confirmed that there are no significant lawsuits or arbitration matters during the reporting period[82]. - The company has committed to strict adherence to the shareholder responsibilities as outlined in the Company Law and Articles of Association[72]. - The company has established a stock incentive plan with a vesting period of 18, 30, and 42 months for the initial grant recipients, starting from January 21, 2022[81]. Financial Management - The company appointed a new financial officer, Huang Yujia, to enhance its financial management and oversight[54]. - The company has implemented a stock incentive plan to align employee interests with company performance, which may influence future operational outcomes[56]. - The company has not reported any non-operating fund occupation by controlling shareholders or related parties[6]. Risks and Challenges - The company faces risks from high customer concentration, particularly in the copper-clad laminate industry[44]. - Intense industry competition may lead to price declines, impacting profit margins and overall performance[45]. - The company faces risks from trade tensions, with a 10% tariff imposed on fiberglass cloth exports to the U.S. since September 2018, increasing to 25% in May 2019, which could adversely affect its operations[47]. - Interest rate fluctuations pose a risk to the company's financial expenditures, prompting strategies to optimize loan structures and improve cash flow management[49]. - The company is exposed to safety and environmental compliance risks due to increasing regulatory pressures, necessitating higher investments in safety and environmental measures[50]. Shareholder Information - The total number of shares decreased by 2,785,000, resulting in a total share count of 879,727,500[90]. - The largest shareholder, Far East International Limited, holds 658,405,037 shares, representing 74.84% of the total shares[92]. - The second largest shareholder, UNICORN ACE LIMITED, holds 28,805,220 shares, representing 3.27% of the total shares[93]. - The chairman and general manager, Mao Jiaming, reduced his holdings by 507,600 shares, ending with 1,283,106 shares[94]. Accounting Policies - The company’s accounting policies are in accordance with the enterprise accounting standards, ensuring a true and complete reflection of its financial status[121]. - The company confirms that inventory is measured at the lower of cost and net realizable value, with impairment recognized when the cost exceeds the net realizable value[140]. - The company utilizes a perpetual inventory system, with inventory costs including procurement, processing, and other expenditures necessary to bring the inventory to its current location and condition[141].

证券代码：603256 证券简称：宏和科技 公告编号：2024-059 宏和电子材料科技股份有限公司 关于召开 2024 年半年度业绩说明会的公告 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： 宏和电子材料科技股份有限公司（以下简称"公司"）已于 2024 年 8 月 30 日发布公司 2024 年半年度报告，为便于广大投资者更全面 深入地了解公司 2024 年半年度经营成果、财务状况，公司计划于 2024 年 9 月 24 日 下午 13:00-14:00 举行 2024 年半年度业绩说明会，就 投资者普遍关注的问题进行交流。 一、 说明会类型 会议召开时间：2024 年 9 月 24 日(星期二) 下午 13:00-14:00 会议召开地点：上海证券交易所上证路演中心（网址： http://roadshow.sseinfo.com/） 会议召开方式：上证路演中心网络互动 投资者可于 2024 年 9 月 13 日(星期五) 至 9 月 23 日(星期 一)16:00 前登录上证路演中心网站首页点击" ...

证券代码：603256 证券简称：宏和科技 公告编号：2024-054 宏和电子材料科技股份有限公司 关于召开 2024 年第三次临时股东大会的通知 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： 一、 召开会议的基本情况 (一) 股东大会类型和届次 2024 年第三次临时股东大会 召开的日期时间：2024 年 9 月 19 日 13 点 30 分 召开地点：宏和电子材料科技股份有限公司行政楼二楼会议室（上海市浦东 新区康桥工业区秀沿路 123 号） 无 二、 会议审议事项 股东大会召开日期：2024年9月19日 本次股东大会采用的网络投票系统：上海证券交易所股东大会网络投票 系统 (二) 股东大会召集人：董事会 (三) 投票方式：本次股东大会所采用的表决方式是现场投票和网络投票相结 合的方式 (四) 现场会议召开的日期、时间和地点 (五) 网络投票的系统、起止日期和投票时间。 网络投票系统：上海证券交易所股东大会网络投票系统 网络投票起止时间：自 2024 年 9 月 19 日 至 2024 年 9 月 19 ...

宏和电子材料科技股份有限公司 2024年半年度主要经营数据公告 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。 宏和电子材料科技股份有限公司（以下简称"公司"或"本公司"）根据《上 海证券交易所上市公司自律监管指引第3号——行业信息披露》其《第十三号— —化工》等相关规定，现将2024年半年度主要经营数据统计如下： 一、主要产品的产量、销量及收入实现情况 证券代码：603256 证券简称：宏和科技 公告编号：2024-057 | 主要产品 | 2024年1-6月 | 2024年1-6月 | 2024年1-6月 | | --- | --- | --- | --- | | | 产量（万米） | 销售量（万米） 营业收入（人民币万元） | | | 电子级玻璃纤维布 | 9,565.18 | 10,105.61 | 37,012.08 | 二、主要产品的价格变动情况（不含税） | 主要产品 | 2023年1-6月 | 2024年1-6月 | 变动比率（%） | | --- | --- | --- | --- | | | 平均售价 ...