证券代码：603500 证券简称：祥和实业 公告编号：2025-050 浙江天台祥和实业股份有限公司 关于向不特定对象发行可转换公司债券预案相关文 件修订情况说明的公告 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个别及连带责任。 浙江天台祥和实业股份有限公司（以下简称"公司"）于 2024 年 6 月 18 日召开第三届董事会第十九次会议、第三届监事会第十六次会议，于 2024 年 7 月 5 日召开 2024 年第一次临时股东大会，审议通过了公司向不特定对象发行可 转换公司债券的相关议案。相关文件已于 2024 年 6 月 19 日及 2024 年 7 月 6 日 在上海证券交易所网站（www.sse.com.cn）披露。 公司于 2025 年 4 月 8 日召开第四届董事会第三次会议、第四届监事会第三 次会议，于 2025 年 6 月 13 日召开 2024 年年度股东大会，审议通过了《关于延 长公司向不特定对象发行可转换公司债券股东大会决议有效期的议案》。相关文 件 已 于 2025 年 4 月 10 日 及 2025 年 6 ...

浙江天台祥和实业股份有限公司 证券代码：603500 证券简称：祥和实业 公告编号：2025-052 关于向不特定对象发行可转换公司债券摊薄即期回报及填补措 施和相关主体切实履行填补回报措施承诺（修订稿）的公告 本公司及董事会全体成员保证本公告内容不存在虚假记载、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个别及连带责任。 重要提示： 本公告中对公司财务指标的测算及预计不代表公司对未来经营情况及趋势 的判断，不构成公司的盈利预测，为应对即期回报被摊薄风险而制定的填补回 报具体措施不等于对公司未来利润做出保证，投资者不应据此进行投资决策， 投资者据此进行投资决策造成损失的，公司不承担赔偿责任。敬请广大投资者 注意。 根据《国务院关于进一步促进资本市场健康发展的若干意见》（国发[2014]17 号）《国务院办公厅关于进一步加强资本市场中小投资者合法权益保护工作的意 见》（国办发[2013]110号）《关于首发及再融资、重大资产重组摊薄即期回报 有关事项的指导意见》（证监会公告[2015]31号）的相关要求，为保障中小投资 者知情权、维护中小投资者利益，浙江天台祥和实业股份有限公司（以下简称"公 ...

浙江天台祥和实业股份有限公司 （浙江省台州市天台县赤城街道人民东路799号） 向不特定对象发行可转换公司债券 募集资金使用可行性分析报告（修订稿） 二〇二五年十月 浙江天台祥和实业股份有限公司（以下简称"公司"或"祥和实业"）结合 自身的实际情况，并根据《中华人民共和国证券法》（以下简称"《证券法》"） 《上市公司证券发行注册管理办法》（以下简称"《注册办法》"）等法律法规 和规范性文件的规定，拟通过向不特定对象发行可转换公司债券的方式募集资金 （以下简称"本次发行"），并编制了本次发行的募集资金使用可行性分析报告。 一、本次募集资金使用计划 公司拟向不特定对象发行可转债募集资金总额不超过40,000.00万元（含 40,000.00万元），扣除发行费用后，募集资金拟用于以下项目： 股票简称：祥和实业 股票代码：603500 如本次发行实际募集资金（扣除发行费用后）少于拟投入本次募集资金总额， 公司董事会将根据募集资金用途的重要性和紧迫性安排募集资金的具体使用，不 足部分将通过自有资金或自筹方式解决。在不改变本次募集资金投资项目的前提 下，公司董事会可根据项目实际需求，对上述项目的募集资金投入顺序和金额进 行 ...

证券代码：603500 证券简称：祥和实业 公告编号：2025-049 浙江天台祥和实业股份有限公司 第四届董事会第八次会议决议公告 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 浙江天台祥和实业股份有限公司（以下简称"公司"）第四届董事会第八次 会议于 2025 年 10 月 16 日以通讯表决方式召开。经全体董事一致同意，豁免本 次会议通知时间的要求。会议由董事长汤啸先生主持，会议应参加表决董事 9 名，实际参加表决董事 9 名，公司高级管理人员列席了会议。本次会议的通知、 召集、召开和表决程序符合《中华人民共和国公司法》（以下简称"《公司法》"）、 《中华人民共和国证券法》（以下简称"《证券法》"）等有关法律、法规以及 《公司章程》的有关规定，会议形成的决议合法有效。 二、董事会会议审议情况 （一）审议通过《关于调整公司向不特定对象发行可转换公司债券方案的 议案》 结合市场情况及公司实际情况，公司拟调整本次发行的发行规模，因此相应 调整募集资金用途，同时结合公司组织结构调整将原《关于公司向不特定 ...

浙江天台祥和实业股份有限公司 第四届董事会第二次独立董事专门会议决议 浙江天台祥和实业股份有限公司（以下简称"公司"）第四届董事会第二次独 立董事专门会议于 2025 年 10 月 16 日以通讯表决的方式召开，会议应到独立董事 3 名，实际出席 3 名，会议的召开符合《中华人民共和国公司法》《上市公司独立董 事管理办法》等法律法规、规范性文件和《浙江天台祥和实业股份有限公司章程》 的有关规定。 表决结果：3 票同意、0 票弃权、0 票反对 与会独立董事审议并以投票表决方式审议通过如下议案： 一、《关于调整公司向不特定对象发行可转换公司债券方案的议案》 结合市场情况及公司实际情况，公司拟调整本次发行的发行规模，因此相应调 整募集资金用途，同时结合公司组织结构调整将原《关于公司向不特定对象发行可 转换公司债券方案的议案》中的股东大会表述调整为股东会；除此之外，本次向不 特定对象发行可转换公司债券方案其他内容未发生其他变化。公司 2024 年第一次临 时股东大会已就本次不特定对象发行可转换公司债券相关事宜对董事会进行相应授 权，并经 2024 年年度股东大会同意授权延期，本次方案调整无需提交股东会审议。 表决结果 ...

Core Insights - The railway equipment sector experienced a 1.38% increase on October 15, with Xianghe Industrial leading the gains [1] - The Shanghai Composite Index closed at 3912.21, up 1.22%, while the Shenzhen Component Index closed at 13118.75, up 1.73% [1] Sector Performance - Xianghe Industrial (603500) closed at 12.09, with a rise of 7.28% and a trading volume of 173,200 shares, amounting to a transaction value of 205 million yuan [1] - Other notable performers included: - Bid Technology (605298) at 40.41, up 3.27% [1] - Times Electric (688187) at 56.66, up 3.21% [1] - Yonghui Electric (300351) at 18.92, up 2.49% [1] Capital Flow Analysis - The railway equipment sector saw a net outflow of 7.78 million yuan from institutional investors, while retail investors experienced a net outflow of 11.7 million yuan [2] - Conversely, speculative funds recorded a net inflow of 125 million yuan [2] Individual Stock Capital Flow - China CNR (601766) had a net outflow of 27.17 million yuan from institutional investors, while it attracted 54.32 million yuan from speculative funds [3] - Xianghe Industrial (603500) saw a net inflow of 11.42 million yuan from institutional investors, but a net outflow of 6.65 million yuan from retail investors [3]

证券代码：603500 证券简称：祥和实业 公告编号：2025-048 浙江天台祥和实业股份有限公司 注册资本：贰仟万元整 成立日期：2021 年 01 月 28 日 住 所：浙江省台州市天台县洪畴镇东安路 17 号 经营范围：一般项目：新材料技术研发；新材料技术推广服务；技术服务、 技术开发、技术咨询、技术交流、技术转让、技术推广；技术进出口；货物进出 口；橡胶制品制造；橡胶制品销售；塑料制品制造；塑料制品销售；塑料加工专 用设备销售；塑料加工专用设备制造；专用设备制造（不含许可类专业设备制造）； 合成材料制造（不含危险化学品）；鞋制造；服装制造；家居用品制造；鞋帽零 售；家居用品销售(除依法须经批准的项目外，凭营业执照依法自主开展经营活 动)。 关于控股子公司完成工商变更登记的公告 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个别及连带责任。 浙江天台祥和实业股份有限公司（以下简称"公司"）于近日收到控股子公 司浙江祥丰新材料科技有限公司的通知，其完成了住所、经营范围等工商变更登 记和章程备案登记手续，并取得了天台县行政审批局换发 ...

Market Overview - The domestic market shows significant trading activity with the Shanghai Composite Index closing at 3,853.64, up 0.83% [2] - The Shenzhen Component Index increased by 1.80%, closing at 13,356.14, while the ChiNext Index rose by 2.28% to 3,185.57 [2] Non-Bank Financial Sector - The trading activity in the non-bank financial sector has improved, with a notable increase in the average daily trading volume, which surpassed 20 trillion in August [6] - The securities transaction stamp duty reached 118.7 billion, marking an 81.7% year-on-year increase [6] - The fundamentals of brokerage firms are stabilizing and improving, with a recommendation to focus on investment opportunities in this sector [6] Biomedicine Sector - The release of the YY/T 1987-2025 standard for medical devices using brain-computer interface technology marks a significant milestone for industry standardization, expected to accelerate industrialization [7][8] - This standard aims to resolve long-standing issues of concept ambiguity and lack of standards, facilitating innovation and regulatory compliance [11] - The policy framework supporting the brain-computer interface industry is evolving, with strategic initiatives from national to local levels aimed at fostering innovation and market growth [11] Company Analysis: Fulaite (601865.SH) - Fulaite is positioned in the top tier of the photovoltaic glass industry, with expected EPS of 0.31, 0.46, and 0.84 for 2025-2027, corresponding to PE ratios of 53.9, 36.1, and 19.8 [14] - The company is anticipated to benefit from an improved supply-demand balance in the photovoltaic glass market, leading to a recovery in profitability [13][14] Company Analysis: Xianghe Industrial (603500.SH) - Xianghe Industrial reported a revenue of 3.81 billion, a year-on-year increase of 6.49%, with a net profit of 640 million, up 96.56% [20] - The company is focusing on core business areas, including rail transportation products, which have shown significant growth due to participation in major railway projects [20] - The demand for intelligent railway detection equipment is expected to grow, with the company actively developing related technologies [20]

Investment Rating - The report assigns an "Accumulate-A" rating for Xianghe Industrial (603500.SH) [1] Core Insights - The company demonstrated strong growth in both revenue and profit, with a 6.49% year-on-year increase in revenue to 381 million yuan and a remarkable 96.56% increase in net profit to 64 million yuan for H1 2025 [2][3] - The growth is attributed to product innovation, market expansion, and internal management optimization, particularly in the rail transportation sector [3][4] - The demand for railway intelligent detection equipment is significant, and the company is actively positioning itself in this area, aligning with national policies for smart equipment development [5][7] Revenue and Profit Analysis - In H1 2025, revenue from rail transportation-related products reached 168 million yuan, a substantial increase of 35.16% year-on-year, driven by participation in major railway projects [3] - The electronic components business generated 114 million yuan, maintaining stable growth through partnerships with well-known companies [3] - The gross profit margin improved to 30.92%, up 5.44 percentage points year-on-year, while the net profit margin increased to 17.26%, up 7.68 percentage points [3] Business Segments and Growth Potential - The company focuses on four core business areas, achieving breakthroughs in each segment, particularly in rail transportation products and electronic components [4] - New business opportunities are emerging, such as lithium battery seals in the new energy sector, which align with market growth trends [4] - The company is also expanding its capabilities in high polymer modified materials, with a new production line for engineering plastics and EVA modified granules [4] Future Projections - Revenue is projected to grow to 763 million yuan in 2025, 885 million yuan in 2026, and 1.031 billion yuan in 2027, with net profits expected to reach 119 million yuan, 141 million yuan, and 171 million yuan respectively [8][10] - The report anticipates a significant increase in earnings per share (EPS) from 0.36 yuan in 2025 to 0.51 yuan in 2027, with corresponding price-to-earnings (P/E) ratios decreasing from 32 to 22 times [8][10]

Group 1 - The rail transit equipment sector experienced a decline of 1.82% on September 18, with Xianghe Industrial leading the drop [1] - The Shanghai Composite Index closed at 3831.66, down 1.15%, while the Shenzhen Component Index closed at 13075.66, down 1.06% [1] - Key stocks in the rail transit equipment sector showed mixed performance, with Gongda Gaoke rising by 6.04% to a closing price of 21.07 [1] Group 2 - The main funds in the rail transit equipment sector saw a net outflow of 232 million yuan, while retail investors had a net inflow of 190 million yuan [2] - Notable declines included Xianghe Industrial, which fell by 4.74% to a closing price of 11.45, and Bidetech, which decreased by 4.40% to 50.46 [2] - The trading volume for Xianghe Industrial was 159,900 shares, contributing to a transaction amount of 188 million yuan [2]