Core Viewpoint - The company has elected Zhao Ziyan as the employee representative director of the sixth board of directors, following the cancellation of the supervisory board and the revision of the company's articles of association [1][2][5]. Group 1: Election of Employee Representative Director - Zhao Ziyan, previously a non-employee director, has been elected as the employee representative director, maintaining the total number of board members [2]. - The election of the employee representative director was conducted in accordance with relevant laws and regulations, ensuring that the number of directors who are also senior management does not exceed half of the total board members [2]. Group 2: Shareholder Meeting and Resolutions - The second extraordinary general meeting of shareholders was held on September 15, 2025, where several resolutions were passed, including the cancellation of the supervisory board and the revision of the company's articles of association [5][7]. - All resolutions were approved without any dissenting votes, indicating strong support from shareholders [7][8]. - The meeting was conducted in compliance with the Company Law and the company's articles of association, ensuring the legality and validity of the resolutions passed [7][10]. Group 3: Legal Compliance and Verification - The meeting was witnessed by lawyers from Beijing Kangda Law Firm, who confirmed that the procedures and results of the meeting complied with legal requirements [10]. - The legal opinion provided by the lawyers affirmed the legitimacy of the meeting's convening, attendance, voting procedures, and results [10].

Core Points - Huamao Technology announced the election of Zhao Ziyan as the employee representative director of the sixth board of directors, with the term starting from the approval date of the employee representative meeting until the end of the sixth board's term [1] Summary by Category - **Company Announcement** - Huamao Technology held an employee representative meeting on September 15, 2025, where Zhao Ziyan was elected as the employee representative director [1] - The term of the newly elected director will last until the sixth board of directors' term expires [1]

| 证券代码：603306 | 证券简称：华懋科技 | 公告编号：2025-088 | | --- | --- | --- | | 债券代码：113677 | 债券简称：华懋转债 | | 董 事 会 华懋（厦门）新材料科技股份有限公司 为保证公司董事会正常运作，公司于 2025 年 9 月 15 日召开职工代表大会， 会议的召集、召开和表决程序符合职工代表大会的相关规定。经职工代表大会审 议，同意选举赵子妍女士（简历见附件）为公司第六届董事会职工代表董事，任 期自本次职工代表大会通过之日起至公司第六届董事会任期届满之日止。 赵子妍女士原为公司第六届董事会非职工董事，本次选举后，其变更为公司 第六届董事会职工代表董事，董事会构成人员不变。 本次选举职工代表董事工作完成后，公司第六届董事会中兼任公司高级管理 人员职务以及由职工代表担任的董事，总计未超过公司董事总数的 1/2，符合有 关法律法规、规范性文件及《公司章程》的规定。 特此公告。 华懋（厦门）新材料科技股份有限公司 关于选举第六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 ...

| 证券代码：603306 | 证券简称：华懋科技 | 公告编号：2025-087 | | --- | --- | --- | | 债券代码：113677 | 债券简称：华懋转债 | | 华懋（厦门）新材料科技股份有限公司 2025年第二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。 (五)公司董事、监事和董事会秘书的出席情况 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：2025 年 09 月 15 日 (二)股东会召开的地点：厦门市集美区后溪镇苏山路 69 号公司会议室 (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 | 186 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 50,500,031 | | 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 | 17.0434 | | 份总数的比例（%） | | (四)表决方式是否符合《公司法》及《公司章程 ...

北京市朝阳区建外大街丁 12 号英皇集团中心 8、9、11 层 8/9/11/F, Emperor Group Centre, No.12D, Jianwai Avenue, Chaoyang District, Beijing, 100022, P.R.China 电话/Tel.:010-50867666 传真/Fax:010-56916450 网址/Website:www.kangdalawyers.com 北京 西安 深圳 海口 上海 广州 杭州 沈阳 南京 天津 菏泽 成都 苏州 呼和浩特 香港 武汉 郑州 长沙 厦门 重庆 合肥 宁波 济南 昆明 南昌 北京市康达律师事务所 关于华懋（厦门）新材料科技股份有限公司 2025 年第二次临时股东会的法律意见书 康达股会字【2025】第 0388 号 致：华懋（厦门）新材料科技股份有限公司 北京市康达律师事务所（以下简称"本所"）接受华懋（厦门）新材料科技股份 有限公司（以下简称"公司"）的委托，指派本所律师参加公司 2025 年第二次临时 股东会（以下简称"本次会议"）。 本所律师根据《中华人民共和国公司法》（以下简称"《公司法》"）、《中华 人民共和国 ...

Core Viewpoint - Huamao Technology (603306) is actively pursuing a significant acquisition of 57.84% equity in Fuchuang Youyue, which constitutes a major asset restructuring and related party transaction [2][4] Group 1: Stock Performance - As of September 12, 2025, Huamao Technology's stock closed at 50.25 CNY, reflecting a 4.47% increase from the previous week's 48.1 CNY [1] - The stock reached a peak price of 51.06 CNY on September 11, 2025, and a low of 46.3 CNY on September 9, 2025 [1] - The company's current total market capitalization is 16.571 billion CNY, ranking 35th out of 230 in the automotive parts sector and 1149th out of 5153 in the A-share market [1] Group 2: Acquisition Details - The company plans to acquire the remaining 57.84% stake in Fuchuang Youyue, having already held 42.16% through a wholly-owned subsidiary [2] - The acquisition involves purchasing direct equity from individuals and various partnership contributions, along with raising matching funds through a share issuance to Dongyang Huasheng [2] - The transaction is subject to board and shareholder approval, as well as regulatory reviews, indicating some uncertainty in the process [2] Group 3: Bond Information - Huamao Technology announced that the "Huamao Convertible Bond" will pay interest on September 15, 2025, with a coupon rate of 0.50% (tax included), resulting in a payment of 0.50 CNY per bond [3][4] - The bond's interest accrual period is from September 14, 2024, to September 13, 2025, with a record date for interest payment on September 12, 2025 [3] - The current conversion price for the bond is set at 33.76 CNY per share, and it holds a credit rating of AA- with a stable outlook [3]

Core Viewpoint - The domestic photoresist industry is experiencing a critical period of accelerated development, with leading companies showing impressive performance in revenue, profit, and technological advancements [4][5][6]. Group 1: Company Performance - Nanda Optoelectronics achieved a revenue of 1,228.87 million yuan in the first half of 2025, a year-on-year increase of 9.48%, and a net profit of 207.81 million yuan, up 16.30% [5][6]. - Tongcheng New Materials reported a revenue of 165.47 million yuan, a growth of 4.97%, with its semiconductor photoresist business growing over 50% for two consecutive years [6][8]. - Jingrui Electric Materials saw a revenue of 767.94 million yuan, a 10.68% increase, and a net profit of 69.75 million yuan, a significant increase of 1,501.66% [9][10]. - Shanghai Xinyang achieved a revenue of 896.65 million yuan, a growth of 35.67%, and a net profit of 133.31 million yuan, up 126.31% [11][12]. - Yongda Photosensitive reported a revenue of 506.30 million yuan, a 14.10% increase, but a net profit decline of 4.31% [13][14]. - Yake Technology's revenue reached approximately 4.29 billion yuan, a growth of 31.82%, with a net profit of 52.28 million yuan, up 0.63% [15][16]. - Dinglong Co., Ltd. reported a revenue of 1.73 billion yuan, a 14.00% increase, and a net profit of 311.04 million yuan, up 42.78% [17][18]. - Feikai Materials achieved a revenue of 146.23 million yuan, a 3.80% increase, and a net profit of 21.68 million yuan, up 80.45% [19][20]. - Bayi Shikong's revenue was 41.54 million yuan, a 10.63% increase, but net profit decreased by 37.90% [21][22]. - Ruilian New Materials reported a revenue of approximately 80.62 million yuan, a growth of 16%, and a net profit of about 16.61 million yuan, up 74% [23][24]. - Guangxin Materials achieved a revenue of 23.35 million yuan, a decrease of 10.38%, with a net profit decline of 51.38% [25][26]. - Huamao Technology reported a revenue of 1.11 billion yuan, a growth of 14.42%, and a net profit of 136.58 million yuan, up 3.21% [27][28]. - Jiuri New Materials saw a revenue of 71.35 million yuan, a decrease of 7.11%, with a net loss of 9.06 million yuan [29][30]. Group 2: Industry Trends - The photoresist industry is witnessing significant technological advancements, with many companies achieving breakthroughs in product development and production capacity [4][6][19]. - The domestic market is increasingly competitive, with companies focusing on R&D and expanding their product lines to meet the growing demand in semiconductor manufacturing [6][17][19]. - Companies are investing heavily in R&D, with some allocating over 13% of their revenue to develop advanced materials for integrated circuits and other applications [11][27].

Core Viewpoint - The airbag cushion base fabric market is experiencing significant growth driven by increasing automotive safety awareness, regulatory requirements, and consumer demand for occupant protection. The market is projected to reach $2.08 billion by 2031, with a CAGR of 5.5% from 2025 to 2031 [2]. Market Overview - The global airbag cushion base fabric market is expected to grow significantly, with the market size projected to reach $2.08 billion by 2031 [2]. - The market is primarily dominated by nylon fabrics, which account for approximately 79.8% of the market share [8][9]. - The automotive sector is the largest application area, representing about 98.1% of the demand for airbag cushion base fabrics [10]. Key Drivers - Continuous growth in global automotive ownership and production, particularly in developing countries, is driving demand for airbag materials [13]. - Increasing regulations mandating airbags in vehicles are pushing manufacturers to enhance their configurations, thereby boosting the base fabric market [13]. - Rising consumer awareness regarding passive safety systems is leading OEMs and Tier-1 manufacturers to increase airbag deployments [13]. - The expansion of the electric vehicle market, which often requires lightweight and multi-airbag designs, is creating new demands for high-performance airbag fabrics [13]. Major Players - Key manufacturers in the global airbag cushion base fabric market include Hyosung Advanced Materials, Toray, 华懋, Toyobo, and Kolon, with the top five companies holding approximately 67.0% of the market share in 2024 [7]. Challenges - Fluctuations in raw material prices, particularly for nylon and polyester, can impact profitability for manufacturers [14]. - High industry technical barriers exist, as quality airbag fabrics must meet stringent standards for strength, extensibility, and fire resistance [14]. - The concentration of orders among a few major airbag manufacturers creates a competitive environment, making it difficult for new entrants [14]. - Increasing regulatory pressures regarding energy consumption and waste management during production pose challenges for manufacturers [14]. Industry Opportunities - The development of smart vehicles necessitates higher redundancy in safety systems, driving demand for multi-airbag deployments and new fabric requirements [17]. - Accelerated domestic substitution, particularly in the Chinese market, is promoting local brands to replace imported high-end airbag fabrics [17]. - The trend towards vehicle lightweighting is favoring the adoption of high-performance, low-weight new fabrics [17]. - The promotion of recyclable and eco-friendly materials, such as recycled polyester fibers, is providing companies with competitive advantages [17]. - Rapid growth in emerging markets like India, Southeast Asia, and the Middle East is expanding the market for related materials as automotive safety configurations improve [17].

Company Overview - Huamao Technology (Xiamen) Co., Ltd. is located in Xiamen, Fujian Province, and was established on May 16, 2002. The company went public on September 26, 2014. Its main business involves the research, production, and processing of automotive safety airbag fabrics and bags [1]. Financial Performance - As of the report date, Huamao Technology's stock price decreased by 5.16%, trading at 47.40 CNY per share, with a total transaction volume of 432 million CNY and a turnover rate of 2.70%. The company's total market capitalization is approximately 15.597 billion CNY [1]. Revenue Composition - The revenue composition of Huamao Technology is as follows: passive safety system components account for 94.09%, other revenues for 4.57%, and supplementary revenues for 1.34% [1]. Fund Holdings - According to data, Guojin Fund has a significant holding in Huamao Technology through its fund Guojin CSI 1000 Index Enhanced A (017846), which held 46,900 shares in the second quarter, representing 0.63% of the fund's net value, making it the eighth-largest holding. The estimated floating loss today is approximately 121,000 CNY [2]. Fund Performance - Guojin CSI 1000 Index Enhanced A (017846) was established on March 22, 2023, with a current scale of 164 million CNY. Year-to-date, the fund has achieved a return of 33.38%, ranking 939 out of 4222 in its category. Over the past year, it has returned 75.77%, ranking 777 out of 3789, and since inception, it has returned 21.79% [2]. Fund Management - The fund manager of Guojin CSI 1000 Index Enhanced A (017846) is Li Hongchao, who has been in the position for 43 days. The total asset size of the fund is 779 million CNY, with the best return during his tenure being 5.11% and the worst being 3.7% [3].

Core Viewpoint - Huamao Technology announced the issuance of convertible bonds, which will start paying interest in 2025, indicating a strategic move to raise capital [2] Group 1: Convertible Bonds Details - The convertible bonds, referred to as "Huamao Convertible Bonds," will be issued to unspecified recipients on September 14, 2023 [2] - Interest payments will commence on September 15, 2025, covering the period from September 14, 2024, to September 13, 2025 [2] - The bond's interest payment record date is set for September 12, 2025, with the payment amount being 0.50 yuan per 100 yuan (including tax) [2]