证券代码：603276 证券简称：恒兴新材 公告编号：2026-004 江苏恒兴新材料科技股份有限公司 关于选举第三届董事会职工代表董事的公告 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。 一、选举职工代表董事的情况 江苏恒兴新材料科技股份有限公司（以下简称"公司"）于 2026 年 1 月 6 日召开 2026 年第一次职工代表大会，经过民主讨论与表决，选举盛裕明先生（简 历附后）为公司第三届董事会职工代表董事，盛裕明先生与经公司股东会选举产 生的第三届董事会非职工代表董事共同组成公司第三届董事会，任期自公司本次 职工代表大会决议通过之日起至第三届董事会届满之日止。 盛裕明先生，中国国籍，无境外永久居留权，1966 年出生，本科学历，中 级工程师。曾任南京化学工业（集团）公司催化剂厂车间技术员、车间副主任， 汉光集团公司宜兴市诚信化工厂技术科科长、厂长。2012 年至今在公司任职， 曾任公司生产负责人、设备负责人、安全总监、公司监事，现任公司职工代表董 事、公司安全分管负责人、公司全资子公司宁夏港兴新材料有限公司监事。 截 ...

证券代码：603276 证券简称：恒兴新材 公告编号：2026-003 江苏恒兴新材料科技股份有限公司 关于董事会完成换届选举及聘任高级管理人员、内部审计负 责人、证券事务代表的公告 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。 江苏恒兴新材料科技股份有限公司（以下简称"公司"）于2026年1月6日召 开2026年第一次临时股东会，审议通过了《关于选举第三届董事会非独立董事的 议案》和《关于选举第三届董事会独立董事的议案》，同日公司召开2026年第一 次职工代表大会，选举盛裕明为公司第三届董事会职工代表董事，与公司2026 年第一次临时股东会选举产生的3名非独立董事及3名独立董事共同组成公司第 三届董事会。 同日，公司召开第三届董事会第一次会议，审议通过了《关于选举公司第三 届董事会董事长的议案》、《关于选举公司第三届董事会各专门委员会成员的议 案》、《关于聘任公司高级管理人员的议案》、《关于聘任公司内部审计负责人 的议案》和《关于聘任公司证券事务代表的议案》。现将公司董事会换届选举及 聘任高级管理人员、内部审计负责人、证券 ...

国浩律师（上海）事务所 法律意见书 国浩律师（上海）事务所 Grandall Law Firm (Shanghai) 中国 上海 山西北路 99 号苏河湾中心 MT 25-28 楼，200085 25-28/F, Suhe Centre, 99 North Shanxi Road, Shanghai, China, 200085 电话/TEL: (8621) 5234-1668 传真/FAX: (8621) 5234-1670 本法律意见书仅供本次股东会见证之目的使用，不得用作其他任何目的。 本所律师同意将本法律意见书随公司本次股东会决议一起公告，并依法对本 法律意见书承担相应的责任。 国浩律师（上海）事务所 法律意见书 关于江苏恒兴新材料科技股份有限公司 2026 年第一次临时股东会的法律意见书 致：江苏恒兴新材料科技股份有限公司 国浩律师（上海）事务所（以下简称"本所"）接受江苏恒兴新材料科技股 份有限公司（以下简称"公司"）委托，指派本所律师出席公司 2026 年第一次临 时股东会（以下简称"本次股东会"）。本所律师根据《中华人民共和国证券法》 （以下简称"《证券法》"）、《中华人民共和国公司法》（以下 ...

证券代码：603276 证券简称：恒兴新材 公告编号：2026-005 江苏恒兴新材料科技股份有限公司 2026年第一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 (一)股东会召开的时间：2026 年 1 月 6 日 1、 《关于选举第三届董事会非独立董事的议案》 | 1、出席会议的股东和代理人人数 | 36 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 130,074,440 | | 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 | 62.69 | | 份总数的比例（%） | | (四) 表决方式是否符合《公司法》及《公司章程》的规定，会议主持情况等。 本次股东会由董事会召集、公司董事长张千主持。本次股东会采取现场投票 和网络投票相结合的方式召开并表决，会议的召开及表决程序符合《中华人民共 和国公司法》和《江苏恒兴新材料科技股份有限公司章程》、《江苏恒兴新材料科 (二) 股东会召开的 ...

证券代码：603276 证券简称：恒兴新材 公告编号：2026-002 江苏恒兴新材料科技股份有限公司 第三届董事会第一次会议决议公告 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。 一、董事会会议召开情况 江苏恒兴新材料科技股份有限公司（以下简称"公司"）第三届董事会第一 次会议于 2026 年 1 月 6 日以现场结合通讯方式召开。会议通知已于 2025 年 12 月 29 日通过书面文件的方式送达各位董事。本次会议应参加表决的董事 7 人， 实际参加表决的董事 7 人。 会议由董事长张千先生主持。本次会议的召集、召开和表决程序符合有关法 律、法规、规范性文件和《江苏恒兴新材料科技股份有限公司章程》（以下简称 "《公司章程》"）的规定。 二、董事会会议审议情况 经各位董事认真审议，会议形成了如下决议： （一）审议通过《关于选举公司第三届董事会董事长的议案》 经董事会审议，同意选举张千先生为公司第三届董事会董事长，任期自本次 董事会审议通过之日起至公司第三届董事会届满之日止。 具体内容详见公司于同日披露在上海证券交易所网站（ ...

Group 1 - The company, Hengxing New Materials, has initiated its IPO process, planning to issue no more than 40 million shares and aims to list on the main board [1] - Hengxing New Materials specializes in the research, production, and sales of fine chemical products such as organic ketones, acids, and esters, and was recognized as a "specialized, refined, and innovative" small and medium-sized enterprise by Jiangsu Province in 2022 [2] - The company's revenue over the past three years has been 420 million yuan, 510 million yuan, and 670 million yuan, while net profits were 120 million yuan, 89 million yuan, and 93 million yuan [3] Group 2 - The fine chemical industry, where the company operates, is characterized by a monopolistic or oligopolistic competition structure, with Hengxing New Materials being one of the few domestic manufacturers using the acid synthesis method for organic ketones [4] - In the organic ketone segment, Hengxing New Materials faces competition from the U.S. company Eastman, which generated 10.5 billion USD in revenue in 2021 [4] - The company is one of the largest producers of isobutyric acid in China, holding significant pricing power in the organic acid market [5] Group 3 - The company is the only domestic enterprise that has mastered the one-step synthesis technology for organic esters, significantly reducing production costs and eliminating pollution compared to traditional methods [5] - The production capacity utilization rates have been declining over the past three years, recorded at 84.71%, 45.9%, and 22.63%, primarily due to the resumption of production and the transfer of production lines [6] - The gross margin for organic ketones has been decreasing, influenced by rising raw material costs, particularly for the methyl isopropyl ketone product [7] Group 4 - The company previously withdrew its IPO application in February 2021 due to concerns over the quality of the application materials, particularly regarding undisclosed related-party transactions [9] - After changing underwriters, the company has resumed its IPO efforts with Guotai Junan Securities as the new sponsor [9] - The fine chemical industry in China is still developing, with only about 20% of global varieties available domestically, indicating a strategic focus on enhancing the industry’s technological capabilities [9]

Core Viewpoint - The company plans to manage part of its temporarily idle raised funds through cash management to improve fund utilization efficiency and increase investment returns [3][11]. Group 1: Cash Management Overview - The company has allocated 40 million yuan of temporarily idle raised funds for cash management, specifically investing in bank financial products [1]. - The funds were previously used to purchase a seven-day notice deposit from Bank of China, yielding a return of 0.79 million yuan, which has been returned to the designated account [2]. Group 2: Investment Purpose and Source - The purpose of the cash management is to enhance the efficiency of fund usage without affecting the construction of investment projects and normal operations [3]. - The source of funds for this cash management is part of the temporarily idle raised funds [4]. Group 3: Cash Management Product Details - The cash management products are characterized by high safety, good liquidity, and a maximum term of 12 months, with a capital protection agreement [7]. Group 4: Risk Control Measures - The company has established a separation of decision-making, execution, and supervision roles to ensure the safety of the funds used for financial products [8]. - The company will adhere to prudent investment principles and select reputable issuers for investment products [8]. - The finance department will monitor the investment products and take necessary measures if risks are identified [9]. Group 5: Impact on the Company - The use of temporarily idle raised funds for cash management will not affect the implementation of investment projects or the normal operation of the company's main business, while also improving fund efficiency [11]. Group 6: Approval Procedures - The company has held board and supervisory meetings to approve the use of up to 520 million yuan and 490 million yuan of temporarily idle raised funds for cash management in two separate resolutions [12].

Core Viewpoint - Hengxing New Materials stated that as of December 31, 2025, the number of its shareholders will reach 12,059 [2] Group 1 - The company is actively engaging with investors through interactive platforms [2] - The projected number of shareholders indicates potential growth in investor interest [2] - The date mentioned for the shareholder count reflects the company's long-term planning [2]

证券代码：603276 证券简称：恒兴新材 公告编号：2026-001 一、部分闲置募集资金进行现金管理赎回情况 公司于 2025 年 12 月 25 日使用部分暂时闲置募集资金 4,000.00 万元购买了 中国银行股份有限公司宜兴分行七天通知存款（公告编号：2025-101），截至目 前公司已收回本金 4,000.00 万元，并收到理财收益 0.79 万元，本金及收益已归 还至募集资金专户。 二、本次现金管理的基本情况 （一）投资目的 为提高公司资金使用效率，在不影响募集资金投资项目建设和公司正常经营 的情况下，合理利用部分暂时闲置募集资金进行现金管理，增加资金收益和获取 江苏恒兴新材料科技股份有限公司 关于部分闲置募集资金现金管理赎回 并继续进行现金管理的公告 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。 重要内容提示： ● 履行的审议程序：江苏恒兴新材料科技股份有限公司（以下简称"公司"） 于 2025 年 8 月 26 日召开了第二届董事会第二十三次会议和第二届监事会第十八 次会议，审议通过了《关于使用部分暂时闲置 ...

Investment Rating - The report maintains a positive outlook on the paper and light industry sectors, highlighting high dividend safety margin assets and companies with strong growth potential [1][2]. Core Insights - The report emphasizes the importance of focusing on high dividend safety margin assets in the packaging and home furnishing sectors, benefiting from the appreciation of the RMB and the expected decrease in paper procurement costs [2][4]. - It identifies key companies in the packaging sector such as Yongxin Co., Yutong Technology, Huawang Technology, and Meiyingsen, as well as home furnishing leaders like Kuka Home, Mousse, Oppein, and Sophia [2][4]. - The paper industry is expected to benefit from rising wood pulp prices and seasonal demand, with companies like Sun Paper, Nine Dragons Paper, and Bohui Paper being highlighted for their potential [2][4]. - The report also discusses the export sector, noting the impact of RMB appreciation and the importance of supply chain and brand expansion for companies like Jiangxin Home, Yongyi Co., Jiayi Co., and Zhongxin Co. [2][4]. Summary by Sections Packaging Sector - The packaging industry is characterized by a mature competitive landscape, with leading companies reducing capital expenditures and demonstrating advantages in overseas markets [5][6]. - Yongxin Co. is noted for its stable high dividend policy and strong performance in soft packaging and film business, with a dividend rate of 84% to 81% from 2020 to 2024 [5]. - Yutong Technology has expanded its global supply chain, enhancing its operational efficiency and increasing its dividend rate to 70% by 2025 [6]. - Huawang Technology is positioned well in the decorative paper market, with expectations of improved profitability due to limited new supply and rising demand [7]. - Meiyingsen is recognized for its strategic overseas expansion and high dividend yield, with a focus on emerging markets [8]. Home Furnishing Sector - The home furnishing industry is experiencing accelerated consolidation, with a positive outlook driven by supportive real estate policies and improving consumer confidence [9][10]. - Companies like Kuka Home and Sophia are expected to benefit from the increasing demand for home renovation and the implementation of "old-for-new" policies [10][23]. - The report highlights the importance of retail capabilities and supply chain improvements for companies to enhance their market share and profitability [23][24]. Paper Industry - The paper industry is anticipated to see a recovery in demand and pricing, supported by strong control over production by overseas pulp mills [11][13]. - Companies such as Sun Paper and Nine Dragons Paper are expected to benefit from the stabilization of pulp prices and improved supply-demand dynamics [11][13]. - The report notes that the industry has been at a low point for several years, but a mid-term recovery is expected as demand gradually increases [11][13]. Export Sector - The export sector is influenced by the global economic environment, with a focus on companies that are expanding their international presence and brand recognition [14][15]. - Jiangxin Home is noted for its innovative product offerings and strong growth in customer numbers, while Yongyi Co. is positioned to capitalize on the growing demand for ergonomic chairs [15][16]. - Jiayi Co. is recognized for its strategic expansion in the insulated cup market, while Zhongxin Co. is highlighted for its growth potential in the pulp molding sector [16][17]. Pet Products Sector - The pet products sector is experiencing robust growth, with companies like Yiyi Co. and Yuanfei Pet benefiting from strong export performance and brand development [18]. - Yiyi Co. is expected to see significant revenue growth due to its acquisition strategy and strong sales performance [18]. - Yuanfei Pet is noted for its rapid growth in the domestic market and expansion of its product offerings [18]. Light Industry Sector - The report emphasizes the importance of monitoring changes in the light industry, with companies like Anfu Technology and Jianlin Home focusing on strategic acquisitions and technological advancements [19][20]. - Anfu Technology is expected to enhance its profitability through increased ownership in Nanfeng Battery and expansion into new business areas [19]. - Jianlin Home is transitioning towards smart robotics, leveraging its existing technology and market position [20].