华懋（厦门）新材料科技股份有限公司（以下简称"公司"）于近日收到谢 雷尖先生的辞任报告。 | | | | 姓名 | 离任职务 | 离任时间 | | 原定任期到期 | | | 是否继续在上市 | 具体职务（如 | 是否存在未 履行完毕的 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | | 日 | | 公司及其控股子 公司任职 | 离任原因 | 适用） | 公开承诺 | | 谢雷尖 | 董事 | 2025 年 9 | 月 | 2026 年 11 月 | | 是 | 工作调整 | 人力行政总监 | 是 | | | | 日 2 | | 14 | 日 | | | | | | 证券代码：603306 | 证券简称：华懋科技 | 公告编号：2025-083 | | --- | --- | --- | | 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 关于董事离任的公告 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 ...

Key Highlights - De Xin Technology does not directly produce solid-state batteries [1] - Gujia Home intends to invest 1.124 billion yuan in the construction of a self-built base in Indonesia [1] - Samsung Medical signed a contract worth approximately 419 million yuan for a smart meter project in Egypt [1] - Keli Sensor plans to acquire 45% of Huahong Technology for 122 million yuan [1] - Huamao Technology has repurchased a total of 6.42% of its shares [1] - BYD's total sales of new energy vehicles reached 373,600 units in August [1] - Great Wall Motors reported total sales of 115,558 units in August, a year-on-year increase of 22.33% [1] - Sheng Tai Group's shareholder Itochu Asia plans to reduce its stake by no more than 3% [1] - Dekoli's Qian Mingying and his concerted action partner Shen Liang plan to reduce their holdings by a total of no more than 2.9957% [1] - Longqi Technology's Suzhou Shunwei plans to reduce its holdings by no more than 4.09% [1] - Tianqi Co., Ltd. signed a strategic cooperation framework agreement with Yiwei Lithium Energy [1] - Yibin Technology received a project designation notice from a domestic new energy vehicle company [1]

| 证券代码：603306 | 证券简称：华懋科技 公告编号：2025-082 | | --- | --- | | 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 公司于 2024 年 12 月 4 日召开 2024 年第八次临时董事会会议，审议通过了《关 于 2024 年第二次回购公司股份方案的议案》，同意公司以自有资金或自筹资金通 过上海证券交易所交易系统以集中竞价交易方式回购公司已发行的部分人民币普 通股股票。回购的股份将用于股权激励或员工持股计划，回购价格不超过 42 元/ 股（含），回购资金总额不低于人民币 2.5 亿元（含），不超过人民币 5 亿元（含）， 回购期限自公司董事会审议通过本次回购方案之日起 12 个月内。具体内容详见公 司分别于 2024 年 12 月 5 日和 2024 年 12 月 11 日在上海证券交易所网站 （http://www.sse.com.cn）披露的《华懋科技关于 2024 年第二次以集中竞价方式回 购公司股份方案的公告》（公告编号：2024-108）和《华懋科技关于 2024 年第二次 以集中竞价方式回购股份的回购报告书》（ ...

Group 1 - The company Huamao Technology (603306.SH) announced a share buyback program, with a total of 21.1384 million shares repurchased, accounting for 6.42% of the company's total share capital [1] - The highest price for the repurchased shares was 41.66 yuan per share, while the lowest price was 29.50 yuan per share [1] - The total amount spent on the share buyback reached 782 million yuan, excluding transaction fees such as stamp duty and commission [1]

Group 1 - The company Huamao Technology (603306.SH) announced a share buyback program, with a total of 21.1384 million shares repurchased, accounting for 6.42% of the company's total share capital [1] - The highest price for the repurchased shares was 41.66 CNY per share, while the lowest price was 29.50 CNY per share [1] - The total amount spent on the share buyback reached 782 million CNY, excluding transaction fees such as stamp duty and commission [1]

Summary of Huamao Technology Conference Call Company Overview - **Company**: Huamao Technology - **Industry**: AI and Optical Module Industry Key Financial Metrics - **Revenue**: 1.108 billion CNY, up 14.42% year-on-year [2][6] - **Net Profit**: 136 million CNY, up 3% year-on-year [2][6] - **Non-recurring Net Profit**: 125 million CNY, up 24.53% year-on-year [2][6] - **Operating Profit Margin in Automotive Business**: Approximately 17% [2][6] - **Financial Expenses**: Increased to approximately 30 million CNY, influenced by convertible bond provisions and interest expenses [2][6] Growth Drivers - **AI Demand**: Benefiting from the growth in AI server demand domestically and overseas [2][7] - **Automotive Business**: Expected revenue growth of 14%-15% in 2025, with net profit growth around 15% [2][8] - **New Production Facilities**: Vietnam factory operational, with plans for a new facility in Morocco targeting the European market [2][9] Market Trends - **AI Industry Growth**: The tech industry is experiencing a bull market, particularly in AI, with significant capital expenditure increases [3] - **Optical Module Demand**: Strong demand for optical modules, with expected shipments of 5-6 million units for 800G modules in 2025 [10] Strategic Initiatives - **Silicon Photonics and OCS Technology**: Investments in silicon photonics to enhance profitability and value [11][12] - **Expansion Plans**: New factory in Malaysia and potential expansion into Thailand to meet growing demand [17][22] Competitive Landscape - **Market Position**: Huamao Technology is positioned as a low-valuation player in the optical module market, with a projected valuation of 14 times earnings by 2026 [4] - **Client Base**: Major clients include North American companies, with a focus on maintaining and expanding market share [5][14] Future Outlook - **Revenue and Profit Growth**: Expected compound annual growth rate (CAGR) of over 20% in revenue and profit over the next three to five years [2][9] - **Long-term Strategy**: Focus on overseas markets due to higher profit margins compared to domestic markets [24][25] Risks and Challenges - **Short-term Financial Impact**: Potential short-term fluctuations in financial performance due to convertible bond expenses and investment in subsidiaries [25] - **Market Competition**: Increased competition in the optical module sector may impact margins [23] Additional Insights - **Environmental Technology Investments**: Ongoing investments in various technologies, including optical modules and ACLC, to enhance competitiveness [26] - **Valuation Appeal**: Considered one of the most attractive players in the computing power sector, suggesting strong investment potential [27]

Core Viewpoint - 华懋科技 reported a solid revenue growth in H1 2025, driven by its automotive safety products and the acquisition of 富创优越, which is expected to enhance its AI capabilities and overall business growth [1][3][5]. Financial Performance - In H1 2025, the company achieved a revenue of 1.108 billion yuan, representing a year-over-year increase of 14.42%, with a net profit attributable to shareholders of 137 million yuan, up 3.21% year-over-year [1]. - In Q2 2025, revenue was 572 million yuan, showing a year-over-year growth of 14.46%, but net profit dropped to 50 million yuan, down 36.05% year-over-year [1]. Business Segments - The automotive safety airbag segment generated revenue of 734 million yuan in H1 2025, a year-over-year increase of 12.95%, with specific product lines like woven airbags and OPW showing growth rates of 10.96% and 17.07% respectively [2]. - The company has a leading market share in domestic passive safety products and is expanding its overseas presence, with its Vietnam subsidiary achieving revenues of 258 million yuan in 2024 [4]. Strategic Initiatives - 华懋科技 is actively pursuing a second growth curve in the泛AI sector through the acquisition of 富创优越, which specializes in optical communication and automotive electronics [3]. - The company plans to increase investments in semiconductor and computing power manufacturing, aiming to enhance its competitive position in these sectors [3]. Investment Outlook - The company is positioned as a leader in the domestic automotive passive safety market and is accelerating its overseas market penetration [5]. - Profit forecasts for the company have been revised upwards for 2025-2027, with projected net profits of 590 million, 820 million, and 1.063 billion yuan respectively [5].

Group 1 - Platform-type new material companies are worth long-term attention due to their technology platformization, product diversification, and strong anti-cyclicality [4] - Key companies include Dinglong Co., Ltd. and Huamao Technology, with potential platform-type new material companies identified as Times New Material and Kaisheng Technology [4] Group 2 - The focus on the "1-N" process in materials highlights the importance of identifying companies that can achieve significant domestic production, particularly in semiconductor materials [5] - Companies like Xuzhou Bokan and Shengli New Materials are noted for their potential in high-end photoresist and dry film production [5] Group 3 - Continuous tracking of advanced materials is essential as they are still in the early stages of industrialization, with examples including metamaterials, superconductors, and carbon nanotubes [6] - Notable companies in this sector include Guangqi Technology and West Superconductor [6] Group 4 - Japan's new materials development history spans from post-war reconstruction to sustainable development and innovation-driven strategies, with significant milestones in technology and policy evolution [8][11][14] - The semiconductor materials sector in Japan has shifted focus to Asia, with projections indicating a growing market share for Asian countries [28] Group 5 - Financial performance among major new material companies in Japan shows varied resilience and growth paths, with platform-type companies like Shin-Etsu Chemical demonstrating strong anti-cyclicality [33] - The carbon fiber industry, led by Toray Industries, has shown long-term profit growth through continuous technological upgrades [33] Group 6 - The stock performance of platform-type companies indicates their ability to navigate market fluctuations, with Shin-Etsu Chemical achieving nearly a 60-fold increase in stock price from 1983 to 2020 [37] - JSR Corporation, a leading supplier of photoresists, has also seen significant stock appreciation, outperforming the Nikkei 225 index [40]

Core Viewpoint - Huamao Technology reported strong financial performance in the first half of 2025, driven by favorable automotive consumption policies, achieving record revenue and profit growth [1] Group 1: Financial Performance - The company achieved operating revenue of 1.108 billion yuan, a year-on-year increase of 14.42%, marking a record high for the period [1] - The net profit attributable to shareholders reached 137 million yuan, up 3.21% year-on-year [1] - The net profit excluding non-recurring items was 125 million yuan, reflecting a year-on-year growth of 24.53% [1] - Basic earnings per share were 0.44 yuan [1] Group 2: Business Growth and Market Expansion - Huamao Technology maintained its leading position in the automotive passive safety sector, with airbag sales revenue reaching 734 million yuan, a year-on-year increase of 12.95% [2] - The sales revenue from woven airbags was 487 million yuan, up 10.96% year-on-year, while OPW business generated 247 million yuan, growing by 17.07% [2] - Sales revenue from airbag fabric reached 293 million yuan, reflecting a significant year-on-year growth of 32.96% [2] - The company's Vietnam subsidiary, operational since April, generated sales revenue of 125 million yuan, a year-on-year increase of 3.31% [2] Group 3: Research and Development - Research and development expenses amounted to 55.3852 million yuan, an increase of 23.92% year-on-year, supporting technological advancements and product iterations [2] - The company has an ISO/IEC17025 accredited R&D laboratory and is advancing research in lightweight materials and carbon composite materials to meet the carbon reduction demands of new energy vehicles [2] Group 4: Strategic Acquisitions - Huamao Technology is expanding into high-end manufacturing sectors such as computing power, optical communication, electronic chemicals, and automotive electronic materials through acquisitions [3] - The company invested 395 million yuan to acquire a 42.16% stake in Shenzhen Fuchuang Youyue Technology Co., Ltd., a global player in AI and computing power manufacturing [3] - Plans are in place to acquire an additional 57.84% stake in Fuchuang Youyue, aiming for full ownership, which will enhance synergies in electronic manufacturing services [3] Group 5: Future Outlook - The company is leveraging technology as a foundation to strengthen R&D innovation, accelerate overseas production capacity, and pursue strategic acquisitions, thereby broadening its business scope [4] - While consolidating its leadership in the passive safety sector, Huamao Technology is actively positioning itself in new materials and electronic manufacturing, creating cross-sector collaborative advantages for sustained growth in the global market [4]

Core Viewpoint - The company is actively pursuing strategic initiatives to enhance operational efficiency and shareholder returns, including significant asset restructuring and expansion into new markets, particularly in the semiconductor and automotive safety sectors [5][18][19]. Group 1: Company Overview - The company is named Huamao Technology (华懋科技) and is involved in the production of new materials, particularly in the automotive safety and semiconductor sectors [4]. - The company has initiated a major asset restructuring plan to acquire the remaining 57.84% stake in Fuchuang Youyue, which will make it a wholly-owned subsidiary [5][18]. Group 2: Financial Data - The company raised a total of 1.05 billion RMB through the issuance of convertible bonds, with net proceeds amounting to approximately 1.038 billion RMB after deducting underwriting fees [6]. - As of June 30, 2025, the company had utilized approximately 1.24 billion RMB of the raised funds, representing 72.03% of the net proceeds [20]. Group 3: Business Performance - In the first half of 2025, the company achieved a revenue of 1.108 billion RMB, reflecting a year-on-year growth of 14.42%, and a net profit of 137 million RMB, up 3.21% [19][20]. - The company's subsidiary in Vietnam generated sales of approximately 125 million RMB, with a net profit of about 6.26 million RMB, despite a significant decline in profit due to increased depreciation from the new factory [17][20]. Group 4: Strategic Initiatives - The company has successfully launched its new production base in Vietnam, which is expected to enhance its operational capacity and market reach in Southeast Asia and beyond [17]. - The company is focusing on expanding its automotive safety business and enhancing its semiconductor manufacturing capabilities through strategic investments and acquisitions [19][21]. Group 5: Governance and Compliance - The company has revised its governance structure by eliminating the supervisory board and enhancing the role of the audit committee to improve operational efficiency and compliance [53][56]. - The company emphasizes high-quality information disclosure and investor communication, ensuring compliance with relevant laws and regulations [27][28].