关于调整公司组织架构的公告 董事会 山东键邦新材料股份有限公司 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。 山东键邦新材料股份有限公司（以下简称"公司"）第二届董事会第十五次 会议于 2026 年 2 月 20 日以邮件方式发出会议通知，并于 2026 年 2 月 25 日在公 司会议室采用现场结合通讯表决的方式召开。会议应出席董事 7 人，实际出席董 事 7 人，会议以 7 票同意，0 票反对，0 票弃权的表决结果审议通过了《关于调 整公司组织架构的议案》。具体情况公告如下： 根据公司业务发展和内部管理的实际需要，为更好地整合资源配置，明确权 责体系，进一步提高公司运营效率及优化管理流程，公司对原有组织架构进行了 优化和调整。公司董事会同意对公司组织架构进行调整并授权公司经营管理层负 责组织架构调整后的具体实施等相关事宜。 本次组织架构调整是对公司内部管理机构的调整，不会对公司生产经营活动 产生重大影响。调整后的组织架构详见附件。 特此公告。 山东键邦新材料股份有限公司 证券代码：603285 证券简称：键邦股份 公告编 ...

Core Viewpoint - Jianbang Co., Ltd. has experienced fluctuations in stock performance and financial metrics, indicating potential investment opportunities and risks in the high-tech materials sector [1][2]. Group 1: Stock Performance - On February 9, Jianbang's stock rose by 3.63%, with a trading volume of 250 million yuan [1]. - The financing buy-in amount for Jianbang on the same day was 12.57 million yuan, while the financing repayment was 22.51 million yuan, resulting in a net financing buy of -9.95 million yuan [1]. - As of February 9, the total financing and securities balance for Jianbang was 92.95 million yuan, with the financing balance accounting for 3.85% of the circulating market value, indicating a high level compared to the past year [1]. Group 2: Financial Performance - For the period from January to September 2025, Jianbang reported operating revenue of 469 million yuan, a year-on-year decrease of 9.45% [2]. - The net profit attributable to the parent company for the same period was 107 million yuan, reflecting a year-on-year decline of 17.71% [2]. Group 3: Shareholder Information - As of September 30, 2025, Jianbang had 15,400 shareholders, an increase of 0.12% from the previous period [2]. - The average number of circulating shares per shareholder was 4,042, which increased by 55.56% compared to the previous period [2]. - Jianbang has distributed a total of 192 million yuan in dividends since its A-share listing [3].

证券代码：603285 证券简称：键邦股份 公告编号：2026-008 山东键邦新材料股份有限公司 关于使用部分暂时闲置募集资金进行现金管理到期赎回的公告 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、使用暂时闲置募集资金进行现金管理概述 山东键邦新材料股份有限公司（以下简称"公司"）于 2025 年 7 月 29 日召 开第二届董事会第九次会议和第二届董事会审计委员会第五次会议，审议通过 《关于使用暂时闲置募集资金进行现金管理的议案》，同意公司使用不超过人民 币 40,000.00 万元（含本数）的暂时闲置募集资金进行现金管理，用于购买安全 性高、流动性好、有保本约定的投资产品（包括但不限于结构性存款、协议存单、 通知存款、定期存款、大额存单、收益凭证、国债逆回购等），使用期限自公司 前次募集资金现金管理额度授权到期后 12 个月内（含 12 个月）有效，在上述额 度和期限范围内，资金可以滚动使用。 单位：万元 截至本公告披露日，公司尚未使用闲置募集资金购买现金管理产品的额度为 10,000.00 万元，不存在逾期未收 ...

Core Viewpoint - The demand for enameled wire coatings is increasing due to the rapid growth of emerging industries such as industrial automation, smart grids, and renewable energy sources like solar and wind power [2] Group 1: Industry Demand - The industrial automation sector is driving the need for high-performance electromagnetic wires used in motors and control systems, which in turn boosts the market for enameled wire coatings [2] - The construction of smart grids is increasing the demand for efficient and reliable transformers and power transmission equipment, leading to a higher requirement for high-quality electromagnetic wires and coatings [2]

Group 1 - The core point of the article is that Mr. Wang Weixing submitted his resignation to the company's board of directors on January 27, 2026, due to personal reasons, and his departure will not adversely affect the company's daily operations [2] Group 2 - The company is undergoing a leadership change with the resignation of a key individual [2] - The company reassures stakeholders that the resignation will not impact its operational performance [2]

Core Viewpoint - The company is focused on improving capital efficiency while ensuring normal business operations, utilizing idle funds for cash management to enhance investment returns [1] Group 1: Financial Management - The company is steadily advancing its fundraising projects as planned [1] - The company has completed its share repurchase plan on January 27, 2026, to enhance its long-term incentive mechanism and motivate employees [1] - Future dividend plans will be developed based on cash flow status and strategic funding needs, with details to be announced in company announcements [1]

Group 1 - Key Point 1: Jianbang Co., Ltd. (stock code: sh603285) reached the daily limit with a price of 34.99 yuan, a 10% increase, and a total market capitalization of 5.598 billion yuan, with a circulating market value of 2.18 billion yuan and a total transaction amount of 173 million yuan as of the report date [1] - Key Point 2: The company received the national-level manufacturing single champion enterprise certification, enhancing its brand influence and competitive edge in the market, which is expected to drive performance growth [2] - Key Point 3: Jianbang Co., Ltd. has expanded its business scope by obtaining a production/operation license for hazardous chemicals, creating new growth opportunities for future development [2] Group 2 - Key Point 1: The company plans to use 30 million yuan for a share repurchase program aimed at employee incentives, reflecting confidence in its own development [2] - Key Point 2: The expected decrease of 22.14% in related party transaction amounts in 2026 compared to 2025 reduces potential risks of interest transfer, benefiting the company's development [2] - Key Point 3: The company operates in the research, production, and sales of polymer material environmental additives, with applications in PVC plastics, coatings, and lithium battery materials, which are currently experiencing good market demand [2] Group 3 - Key Point 1: The technical indicators suggest that if the MACD forms a golden cross and the stock price breaks through significant resistance levels, it may attract more technical investors [2] - Key Point 2: Significant net buying from large orders was observed on February 3, indicating a notable inflow of main funds that contributed to the stock's limit-up performance [2]

Investment Rating - The report initiates coverage with a "Buy" rating for the company, with a target price of 42.70 yuan [5][18]. Core Insights - The company focuses on developing polymer materials additives, leveraging its leading product, Saike, to create a synergistic effect. The rise of emerging industries is expected to stabilize and increase product prices [2][12]. - The company has established a strong market position with its Saike product, which has maintained a market share of approximately 80% from 2021 to 2023 [12][20]. - The company is projected to see a recovery in revenue and net profit by Q3 2025, with a notable increase in Q3 2025 compared to previous quarters [22][12]. Financial Summary - Total revenue is forecasted to decline from 674 million yuan in 2023 to 655 million yuan in 2025, before rebounding to 1.12 billion yuan by 2027, reflecting a compound annual growth rate of 31.7% from 2025 to 2027 [4][12]. - Net profit attributable to shareholders is expected to decrease from 190 million yuan in 2023 to 132 million yuan in 2025, with a recovery to 282 million yuan by 2027 [4][12]. - Earnings per share (EPS) are projected to be 0.83 yuan in 2025, 1.22 yuan in 2026, and 1.76 yuan in 2027 [18][12]. Industry Position and Product Development - The company has developed a comprehensive product system centered around Saike, titanium esters, DBM/SBM, and acetylacetone salts, which are widely used in insulation coatings, PVC plastics, and lithium battery materials [20][21]. - The company benefits from strong demand in emerging applications such as industrial robotics and smart grid construction, which are driving the need for high-quality electromagnetic wires and coatings [35][39]. - The company has established long-term partnerships with major clients, including the Allen-Tas Group, which is expanding its production capacity for high-performance insulation coatings [39][12]. Price Trends and Market Dynamics - The price of Saike products has seen fluctuations, with a peak of 17,700 yuan per ton in 2022, dropping to 10,700 yuan per ton by Q3 2025. This decline is attributed to market demand and raw material price changes [40][41]. - The report anticipates that as demand recovers, product prices are likely to stabilize and potentially increase [12][40].

Investment Rating - The report assigns an "Accumulate" rating to the company with a target price of 42.70 CNY, based on a 35x PE for 2026 [5][18]. Core Insights - The company focuses on high molecular environmental additives, leveraging its leading product, Saike, to develop a range of polymer materials such as titanate esters, DBM/SBM, and acetylacetone salts, which exhibit significant synergy [12][20]. - The company is expected to benefit from the recovery of product prices as emerging industries drive demand [2][34]. Financial Summary - The company's total revenue is projected to decline from 674 million CNY in 2023 to 655 million CNY in 2025, before rebounding to 1,120 million CNY by 2027, reflecting a compound annual growth rate (CAGR) of 31.7% from 2025 to 2027 [4][17]. - Net profit attributable to the parent company is expected to decrease from 190 million CNY in 2023 to 132 million CNY in 2025, with a significant recovery to 282 million CNY by 2027 [4][17]. - Earnings per share (EPS) are forecasted to be 0.83 CNY in 2025, 1.22 CNY in 2026, and 1.76 CNY in 2027 [18]. Business Development - The company has established a robust product system centered around Saike, titanate esters, DBM, SBM, and acetylacetone salts, which are widely used in insulation coatings, PVC plastics, and lithium battery materials [20][21]. - The company has maintained a strong market position, with Saike products holding approximately 80% market share in recent years [12][20]. Demand Growth - The rise of new applications in industrial automation and smart grid construction is expected to drive demand for high-quality electromagnetic wires and coatings [34][35]. - The company has established a stable partnership with Allen-Tas Group, which is expanding its production capacity for high-performance insulation coatings [39][40]. Price Stabilization - Saike product prices have recently hit a low, with a decline from 17,700 CNY per ton in 2022 to 10,700 CNY per ton in Q3 2025, but are anticipated to stabilize as demand recovers [12][40].

Group 1 - Zhu Jianbo, born in 1972, has extensive experience in various managerial roles within the chemical industry, including his current position as Chairman of the company since July 2021 [2] - Zhu Jianbo's compensation for the reporting period is the highest among executives, amounting to 1.0125 million yuan [3] - The company has seen a decline in revenue and profit, with total operating income for Q3 2025 reported at 469 million yuan, a year-on-year decrease of 9.45%, and net profit attributable to shareholders at 107 million yuan, down 17.71% [5] Group 2 - Wang Weixing, born in 1970, has a master's degree and significant experience in the chemical industry, having held key management positions in several well-known companies [4] - The company, established in June 2014, is located in Jining, Shandong Province, with a registered capital of 160 million yuan, focusing on the research, production, and sales of polymer material environmental additives [4] - The company's core product, Saike, holds over 80% market share domestically and has been recognized as a manufacturing industry champion by the Ministry of Industry and Information Technology [4]