| 证券代码：603306 | 证券简称：华懋科技 | 公告编号：2025-113 | | --- | --- | --- | | 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 公司本次交易事项尚需经上交所审核，并获得中国证券监督管理委员会（以 下简称"中国证监会"）注册同意后方可实施，最终能否通过上交所审核，并获 得中国证监会同意注册的决定及其时间尚存在不确定性。公司将根据该事项的进 展情况，按照相关规定和要求及时履行信息披露义务，敬请广大投资者注意投资 风险。 华懋（厦门）新材料科技股份有限公司（以下简称"公司"）拟通过发行股 份及支付现金（部分现金对价由公司全资子公司支付）的方式，购买深圳市富创 优越科技有限公司 9.93%股权、深圳市洇锐科技有限公司 100%股权、深圳市富 创优越壹号企业管理合伙企业（有限合伙）100%出资份额、深圳市富创优越贰 号企业管理合伙企业（有限合伙）100%出资份额、深圳市富创优越叁号企业管 理合伙企业（有限合伙）100%出资份额，并向东阳华盛企业管理合伙企业（有 限合伙）发行股份募集配套资金（以下简称"本次交易"）。 2025 ...

华懋科技公告称，公司拟发行股份及支付现金购买深圳富创优越9.93%股权等资产并募资。2025年11月 7日，公司收到上交所审核问询函，回复时间总计不超1个月，可申请延期1次。鉴于部分事项需进一步 落实，预计无法在规定时间内提交完整回复，公司已申请自回复期届满起延期不超1个月提交书面回复 等文件。本次交易尚需上交所审核及证监会注册，存在不确定性。 ...

Core Points - Huamao Technology announced that its stock price has been above 130% of the current conversion price for 10 consecutive trading days from November 17 to November 28, 2025 [2] - If the stock price remains above 130% for at least 15 out of 30 consecutive trading days, it will trigger the conditional redemption clause in the convertible bond issuance prospectus [2] - Upon triggering the redemption clause, the company will hold a board meeting to decide whether to redeem all or part of the unconverted convertible bonds at face value plus accrued interest [2]

| 证券代码：603306 | 证券简称：华懋科技 | 公告编号：2025-111 | | --- | --- | --- | | 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"华懋转债"预计满足赎回条件的提示性公告 （二）经上海证券交易所（以下简称"上交所"）自律监管决定书【2023】 228 号文同意，公司 105,000 万元可转换公司债券于 2023 年 10 月 12 日起在上交 所挂牌交易，债券简称"华懋转债"，债券代码"113677"。 （三）根据有关规定和公司《募集说明书》的约定，公司本次发行的"华懋 转债"自 2024 年 3 月 20 日起可转换为本公司股份，初始转股价格为 34.18 元/ 股。 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： 华懋（厦门）新材料科技股份有限公司（以下简称"华懋科技"、"公 司"）股票自 2025 年 11 月 17 日至 2025 年 11 月 28 日已有 10 个交易 日的收盘价不低于当期转股价格的 ...

Core Viewpoint - Huamao Technology (603306.SH) is actively engaged in the AI and computing power manufacturing industry, focusing on high-reliability and complex product components for intelligent manufacturing [1] Group 1: Company Overview - Fuchuang Youyue is a global player in the AI and computing power manufacturing supply chain [1] - The company specializes in high-speed optical modules and high-speed copper cable connectors [1] Group 2: Market Position - According to 2024 data, Fuchuang Youyue has supplied bulk products to 7 out of the top 20 optical module companies globally [1] - Specific customer details cannot be disclosed due to confidentiality requirements [1]

Core Viewpoint - Huamao Technology's major shareholder has completed a significant share buyback, reflecting confidence in the company's strategic direction and long-term development [1][2] Group 1: Shareholder Actions - The controlling shareholder, Dongyang Huasheng Enterprise Management Partnership, has increased its stake in Huamao Technology by acquiring 2.4021 million shares for a total of 120 million yuan, raising its ownership from 14.94% to 15.67% [1] - This buyback is seen as a strong endorsement of the company's fundamentals and future value, especially during a period of active capital increases in the A-share market [1][2] Group 2: Business Strategy and Performance - Huamao Technology is advancing a dual business strategy focused on "automotive safety + AI computing power," maintaining a solid market position in traditional automotive passive safety while expanding production capacity overseas [1][2] - For the first three quarters of 2025, the company reported revenue of 1.784 billion yuan, a year-on-year increase of 15.87%, indicating strong operational resilience in its core business [1] Group 3: Growth Opportunities - The company is actively pursuing a second growth curve through the acquisition of Fuchuang Youyue, entering the AI computing infrastructure sector with high-speed optical modules and copper cable connectors [2] - Analysts believe that the shareholder's buyback not only affirms the stability of existing business but also reflects optimism about the growth potential of AI-related new ventures [2] - The synergy between the company's semiconductor and computing power manufacturing sectors is expected to create broader growth opportunities [2] Group 4: Future Outlook - Huamao Technology aims to balance steady operations with strategic transformation, combining organic growth with external expansion to support long-term sustainable development [2] - The shareholder's buyback is anticipated to stabilize the company's equity structure, aligning with ongoing business advancements and strategic shifts [2] - With the continued push towards automotive electrification and AI computing infrastructure, Huamao Technology's dual-driven strategy is expected to accelerate [2]

Investment Rating - The report assigns a "Buy" rating for the company, marking its first coverage [1]. Core Insights - The company has shown steady revenue growth, with a 15.87% year-on-year increase in revenue for the first three quarters of 2025, reaching 1.784 billion yuan. However, net profit decreased by 12.06% to 172 million yuan due to rising expenses and one-time factors [4][5]. - The company is a leader in the automotive passive safety sector, with a product line that includes safety fabrics and airbags. It is also expanding into the semiconductor and computing power manufacturing sectors, aiming to create a second growth engine [5]. - The acquisition of a 57.84% stake in Fuchuang Youyue is planned, which would enhance the company's control over its operations in the AI and computing power manufacturing industry [6]. Financial Performance - For the first three quarters of 2025, the company reported a revenue of 1.784 billion yuan, with a quarterly revenue of 676 million yuan in Q3, reflecting an 18.34% year-on-year increase. However, net profit for Q3 fell by 43.72% to 36 million yuan [4]. - The company expects revenues of 2.7 billion yuan, 3.2 billion yuan, and 3.8 billion yuan for 2025, 2026, and 2027 respectively, with net profits projected at 387 million yuan, 573 million yuan, and 775 million yuan for the same years [6][9]. - The company’s financial ratios indicate a projected increase in earnings per share (EPS) from 0.84 yuan in 2024 to 2.35 yuan in 2027, alongside a decrease in price-to-earnings (P/E) ratio from 54.62 to 19.56 over the same period [9][12].

Core Viewpoint - 华懋科技's stock has experienced fluctuations, with a year-to-date increase of 49.41%, but recent declines in the short term indicate potential volatility in investor sentiment [1][2]. Company Overview - 华懋科技, established on May 16, 2002, and listed on September 26, 2014, is located in Xiamen, Fujian Province. The company specializes in the research, production, and processing of automotive safety airbag fabrics and bags [1]. - The main revenue composition includes: airbag bags (66.23%), airbag fabrics (26.44%), other (4.16%), seat belts (3.15%), and rental income (0.03%) [1]. Financial Performance - For the period from January to September 2025, 华懋科技 reported revenue of 1.784 billion yuan, reflecting a year-on-year growth of 15.87%. However, the net profit attributable to shareholders decreased by 12.06% to 172 million yuan [2]. - Cumulatively, the company has distributed 884 million yuan in dividends since its A-share listing, with 152 million yuan distributed over the past three years [3]. Shareholder Information - As of September 30, 2025, the number of shareholders increased by 44.49% to 28,500, while the average circulating shares per person decreased by 30.70% to 11,549 shares [2]. - Notable institutional shareholders include 博时汇兴回报一年持有期混合 and 香港中央结算有限公司, with the latter being a new entrant among the top ten circulating shareholders [3]. Market Activity - On November 21, 华懋科技's stock price fell by 2.06% to 47.10 yuan per share, with a trading volume of 43.17 million yuan and a turnover rate of 0.28%. The total market capitalization stands at 15.519 billion yuan [1]. - The stock has seen a net outflow of 1.9736 million yuan from major funds, with significant selling pressure observed [1].

Core Viewpoint - Huamao Technology's stock performance and financing activities indicate a high level of investor interest, despite a decline in net profit year-over-year. The company continues to maintain a significant market presence in the automotive safety materials sector. Group 1: Stock Performance and Financing - On November 20, Huamao Technology's stock rose by 0.17%, with a trading volume of 362 million yuan [1] - The company recorded a financing buy-in of 69.98 million yuan and a net financing buy of 21.83 million yuan on the same day [1] - As of November 20, the total financing and margin trading balance for Huamao Technology was 1.129 billion yuan, with financing balance accounting for 7.10% of the circulating market value, indicating a high level compared to the past year [1] Group 2: Company Financials - For the period from January to September 2025, Huamao Technology achieved a revenue of 1.784 billion yuan, representing a year-over-year growth of 15.87% [2] - The net profit attributable to shareholders for the same period was 172 million yuan, reflecting a year-over-year decrease of 12.06% [2] Group 3: Shareholder Information - As of September 30, 2025, the number of shareholders for Huamao Technology increased to 28,500, a rise of 44.49% from the previous period [2] - The average number of circulating shares per shareholder decreased by 30.70% to 11,549 shares [2] - The company has distributed a total of 884 million yuan in dividends since its A-share listing, with 152 million yuan distributed over the past three years [3]

Core Viewpoint - The global optical module market is experiencing rapid growth due to the construction of computing centers, benefiting companies like Huamao Technology, which is seeing a significant increase in the shipment volume of its optical module PCBA [1] Group 1: Industry Insights - The optical module market is currently benefiting from the development of computing centers, leading to a faster growth rate [1] - The demand for optical modules is increasing, indicating a positive trend in the industry [1] Group 2: Company Performance - Huamao Technology has reported a rapid increase in the shipment volume of its optical module PCBA [1] - Specific details regarding production, sales, and revenue should be referenced in the company's disclosed documents [1]