证券代码：603650 证券简称：彤程新材 公告编号：2026-010 彤程新材料集团股份有限公司 关于年度预计融资担保进展的公告 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。 重要内容提示： 担保对象及基本情况 | 被担保人名称 | 本次担保金额 | | 实际为其提供的 | | 是否在前期预计 | 本次担保是否有 | | --- | --- | --- | --- | --- | --- | --- | | | | | 担保余额 | | 额度内 | 反担保 | | 彤程新材料集团股 份有限公司 | 17,800 | 万元 | 95,685 | 1 万元注 | 是 | 否 | | 上海彤程电子材料 有限公司 | 11,000 | 万元 | 96,838 | 万元 | 是 | 否 | 注 1：其中彤程化学（中国）有限公司（以下简称"彤程化学"）本次为彤程新材料集团股 份有限公司（以下简称"公司"或"彤程新材"）提供担保 3,600 万元，彤程化学实际为公 司提供的担保余额为 12,400 万元。华奇（中国）化工有限公司（以下简 ...

Core Viewpoint - Red Avenue New Materials Group Co., Ltd. (彤程新材) has submitted its IPO application to the Hong Kong Stock Exchange, aiming for a listing on the main board [1][16]. Company Overview - Established in 1999, Red Avenue New Materials is a leading comprehensive new materials service provider in China, primarily engaged in the R&D, production, marketing, sales, and distribution of new chemical materials [3][18]. - The company operates in three main segments: electronic materials, tire rubber additives and other chemical products, and fully biodegradable materials [3][18]. Business Segments Electronic Materials - The product offerings include semiconductor materials (such as photoresists, CMP polishing pads, high-purity solvents, and EBR) and display panel materials (including photoresists for display panels, organic insulating films, and luminescent materials) [4][19]. - Red Avenue ranked first among Chinese suppliers in sales of semiconductor photoresists and TFT array photoresists in the Chinese market for the first nine months of 2025 [4][19]. Tire Rubber Additives and Other Chemical Products - Key products include rubber resins and additives, such as phenolic resins and PTBP, used in the production of automotive tires and other rubber products to enhance various performance characteristics [5][20]. - The company has established ongoing business relationships with many well-known domestic and international tire manufacturers, covering the top 20 global tire manufacturers, which collectively account for over 70% of the global tire market share [5][20]. - Red Avenue ranked first in sales of phenolic resin rubber additives in both the global and Chinese markets for the first nine months of 2025 [5][20]. Fully Biodegradable Materials - The main products include PBAT materials used for packaging and agricultural films, which have received food safety certifications from various regulatory bodies [6][21]. - These materials exhibit excellent barrier properties and transparency, making them an effective alternative to traditional polyethylene (PE) films [6][21]. Financial Performance - For the fiscal years 2023, 2024, and the first nine months of 2025, Red Avenue reported revenues of RMB 2.937 billion, RMB 3.263 billion, and RMB 2.517 billion, respectively [12][28]. - Corresponding net profits for the same periods were RMB 404 million, RMB 534 million, and RMB 522 million [12][28]. Shareholding Structure - Prior to the Hong Kong listing, the major shareholder is Mr. Zhang Qingsen, holding 45.27% of the shares, while Mr. Chen Junling holds 17.36% [8][24]. - The shareholding structure also includes Ms. Zhang Ning with 0.14%, and Red Avenue Investment, which is directly or indirectly owned by Ms. Zhang Ning, holding 47.81% [10][25]. Board of Directors - The board consists of 9 members, including 5 executive directors and 3 independent non-executive directors [12][27]. - Key executives include Ms. Zhang Ning (Chairman), Mr. Ding Lin (Vice Chairman and President), and Mr. Yu Yaoming (Vice President and CFO) [12][27].

Group 1 - China is the largest rubber additive producer globally, with an expected production accounting for approximately 78% of the global total in 2024 [1] - The total output value of rubber additives in China is projected to grow from 20.2 billion yuan in 2020 to 21.5 billion yuan in 2024, reflecting a compound annual growth rate (CAGR) of 1.5% [1] - By 2029, the total output value of rubber additives in China is anticipated to reach 25.4 billion yuan, with a CAGR of 3.4% from 2024 to 2029 [1] Group 2 - The tire-related application is the primary sector in the Chinese rubber additive market, with the market value for tire rubber additives expected to increase from 14.2 billion yuan in 2020 to 15.1 billion yuan in 2024, representing a CAGR of 1.6% [3] - The market value for tire rubber additives is projected to reach approximately 17.8 billion yuan by 2029, with a CAGR of about 3.3% from 2024 to 2029 [3] - Phenolic resin rubber additives for tires have shown significant growth, with their market value increasing from 3.1 billion yuan in 2020 to 3.5 billion yuan in 2024, a CAGR of 2.7% [3] - By 2029, the market value for this segment is expected to reach 4.3 billion yuan, with a CAGR of approximately 4.2% from 2024 to 2029 [3] Group 3 - Tongcheng New Materials Group Co., Ltd. has submitted a listing application to the Hong Kong Stock Exchange, aiming for a dual listing in A+H shares [3] - According to the prospectus, the company ranked first in sales in both the global and Chinese markets for tire phenolic resin rubber additives in the first nine months of 2025 [3] - In 2024, the company is expected to be the top producer among all phenolic resin rubber additive manufacturers in China, with key products including phenolic resin and PTBP, which are used to optimize rubber product performance [3]

Group 1 - Tongcheng New Materials Co., Ltd. experienced a stock price increase of 5.26%, reaching 58.47 CNY per share, with a trading volume of 1.047 billion CNY and a turnover rate of 2.98%, resulting in a total market capitalization of 36.024 billion CNY [1] - The company, established on June 4, 2008, and listed on June 27, 2018, is located in the Shanghai Free Trade Zone and specializes in the research, production, sales, and trade of fine chemical materials [1] - The main revenue composition of the company includes rubber additives and other products at 70.06%, electronic materials at 26.69%, and fully biodegradable materials at 3.25% [1] Group 2 - Among the top ten circulating shareholders of Tongcheng New Materials, a fund under Penghua Fund ranks first, specifically the Penghua CSI Sub-Industry Chemical Theme ETF Link A (014942), which entered the top ten in the third quarter with 3.6216 million shares, accounting for 0.61% of circulating shares [2] - The Penghua CSI Sub-Industry Chemical Theme ETF Link A was established on March 8, 2022, with a current size of 116 million CNY, yielding 8.19% this year, ranking 741 out of 5580 in its category, and achieving a one-year return of 52.59%, ranking 663 out of 4290 [2] Group 3 - The fund manager of Penghua CSI Sub-Industry Chemical Theme ETF Link A is Yan Dong, who has a total tenure of 6 years and 330 days, managing assets totaling 21.796 billion CNY, with the best fund return during his tenure being 456.3% and the worst being -40.74% [3]

國泰海通 海浦或偿 HATTONG SUOTAI HAITONG [編纂]項下的[編纂]數目 : [編纂]股H股(視乎[編纂]行使與否而定) |编纂|數目 : [编纂]股H股(可予[编纂]) |编纂|數目 : [編纂]股H股(可予[編纂]及視乎[編纂]行使與 合向定) 最高[編纂] : 每股H股[編纂]港元,另加1.0%經紀佣金、 0.0027%證監會交易徵費、0.00565%聯交 所交易費及0.00015%會財局交易徵費(須 於申請時以港元繳足,多繳股款可予J編 纂I) 面值 : 每股H股人民幣1.00元 【编纂】： [编纂] (於中華人民共和國註冊成立的股份有限公司) l 繼續] 獨家保薦人、[編纂]、[編纂]及[編纂] 据港交所2月8日披露，彤程新材（603650）料集团股份有限公司(简称：彤程新材(603650.SH))向港交所主板递交上市 申请书，国泰海通/海通国际为独家保荐人。招股书显示，彤程新材是中国领先的综合性新材料服务供应商，专注于 先进化工产品。公司主要从事新型化工材料的研发、生产、营销、销售及分销。于往绩记录期间，公司的主要业务包 括三个分部，即(i)电子材料;(ii)轮胎用橡胶助剂及其 ...

Core Viewpoint - Tongcheng New Materials (彤程新材) is applying for a dual listing on the A+H stock markets, facing slowing profit growth and declining average selling prices in its business segments, with trade receivables rising to 730 million RMB [1][3]. Financial Performance - For the fiscal years 2023 to 2025, the company's revenue figures are 2.944 billion RMB, 3.270 billion RMB, and 2.523 billion RMB respectively, with net profits of 407 million RMB, 517 million RMB, and 494 million RMB, showing significant deceleration in growth rates of 36.37%, 27.10%, and 12.65% [3][6]. - The overall gross profit margins remained relatively stable at approximately 23.3%, 24.4%, and 25.2%, with gross profits of about 685 million RMB, 796 million RMB, and 634 million RMB [8]. Business Segments - The company operates in three main segments: electronic materials, tire rubber additives, and fully biodegradable materials. The tire rubber additives segment is the largest revenue contributor, accounting for 77.5%, 74.7%, and 69.7% of total revenue in the respective periods [6][7]. - The electronic materials segment's revenue share increased from 19.1% to 27.8% over the same period, with average selling prices rising from 44,300 RMB to 53,900 RMB [7]. Trade Receivables and Inventory - Trade receivables have increased to 730 million RMB, with turnover days rising from 71 to 75 days, indicating potential collection challenges [8][9]. - Inventory levels have also increased, with amounts of 431 million RMB, 486 million RMB, and 511 million RMB, and inventory turnover days extending from 68 to 73 days [10]. Market Performance - As of February 6, the company's stock price rose by 1.42% to 55.55 RMB per share, with a total market capitalization of approximately 34.225 billion RMB, reflecting a more than 60% increase in stock price over the past year [11].

Group 1 - The chemical sector experienced a significant rally on February 9, with the Chemical ETF (516020) opening high and maintaining a positive trend, reaching a maximum intraday increase of 1.79% and closing up by 1.05% [1][6] - Key stocks in the sector included Zhejiang Longsheng, which surged over 8%, and other companies like Lianhong Xinke and Cangge Mining, both rising over 3% [1][6] - The recent supply dynamics in the basic chemical industry have improved, with high-energy-consuming capacities being phased out under policy guidance, leading to increased industry concentration and lower inventory levels among leading manufacturers [8] Group 2 - Demand for traditional products such as soda ash and PVC is recovering due to a rebound in real estate completions, while emerging sectors like new energy vehicles and photovoltaic installations are driving demand for lithium battery materials and EVA resins [8] - The Producer Price Index (PPI) decline in the basic chemical industry has narrowed, indicating a stabilization in the chemical raw materials and chemical products manufacturing sectors [8] - The chemical ETF (516020) tracks the CSI sub-sector chemical industry theme index, covering popular themes such as AI computing power, anti-involution, robotics, and new energy [8]

智通财经APP获悉，据港交所2月8日披露，彤程新材料集团股份有限公司(简称：彤程新材(603650.SH))向港交所主板递交上市申请书，国泰海通/海通国际为 独家保荐人。 | 编纂]項下的 编纂 數目 : | [編纂]股H股(視乎]編纂]行使與否而定) | | --- | --- | | 编纂 數目 : | [编纂]股H股(可予[編纂]) | | 编纂 數目 : | [编纂]股H股(可予[編纂]及視乎[編纂]行使 | | 含而定) | | | 最高[編纂] : 每股H股[編纂]港元,另加1.0%經紀佣金、 | | | 0.0027%證監會交易徵費、0.00565%聯 | | | 所交易費及0.00015%會財局交易徵費( | | | 於申請時以港元繳足,多繳股款可予[編 | | | 景I) | | | 面值 : | 每股H股人民幣1.00元 | | [编纂] : | 编纂 | | 獨家保薦人、[編纂]、[編纂]及[編纂] | | | 或泰温1 | 海通國際 | | HATTONG | | 公司简介 招股书显示，彤程新材是中国领先的综合性新材料服务供应商，专注于先进化工产品。公司主要从事新型化工材料的研发、生产 ...

智通财经APP获悉，据港交所2月8日披露，彤程新材料集团股份有限公司(简称：彤程新材(603650.SH))向港交所主板递交上市申请书，国泰海通/海通国际为 独家保荐人。 公司简介 招股书显示，彤程新材是中国领先的综合性新材料服务供应商，专注于先进化工产品。公司主要从事新型化工材料的研发、生产、营销、销售及分销。于往 绩记录期间，公司的主要业务包括三个分部，即(i)电子材料；(ii)轮胎用橡胶助剂及其他化工产品；及(iii)可完全生物降解材料。 电子材料分部的产品供应主要分为(i)半导体材料，包括半导体光刻胶、CMP抛光垫、高纯溶剂及EBR；及(ii)显示面板材料，包括显示面板光刻胶、有机绝 缘膜及发光材料。公司的电子材料主要用于下游客户生产半导体和显示面板。 轮胎用橡胶助剂及其他化工产品业务分部，公司的主要产品类别包括橡胶树脂及助剂，例如酚醛树脂、PTBP及其他化工产品。该等产品主要用于生产汽车 轮胎及其他橡胶产品，以优化橡胶产品的各类性能，例如其黏性、强度及安全性。 于2023财年、2024财年、2024年前九个月及2025年前九个月，彤程新材收入分别约为29.37亿元、32.63亿元、24.20亿元、2 ...

[編纂]項下的[編纂]數目 : [編纂]股H股(視乎[編纂]行使與否而定) |编纂|數目 : [编纂]股H股(可予[编纂]) |编纂|數目 : [編纂]股H股(可予[編纂]及視乎[編纂]行使與 合向定) 最高[編纂] : 每股H股[編纂]港元,另加1.0%經紀佣金、 0.0027%證監會交易徵費、0.00565%聯交 所交易費及0.00015%會財局交易徵費(須 於申請時以港元繳足,多繳股款可予J編 纂I) 面值 : 每股H股人民幣1.00元 【编纂】： [编纂] l 繼續] 獨家保薦人、[編纂]、[編纂]及[編纂] 据港交所2月8日披露，彤程新材料集团股份有限公司(简称：彤程新材(603650.SH))向港交所主板递交上市申请书，国 泰海通/海通国际为独家保荐人。招股书显示，彤程新材是中国领先的综合性新材料服务供应商，专注于先进化工产 品。公司主要从事新型化工材料的研发、生产、营销、销售及分销。于往绩记录期间，公司的主要业务包括三个分 部，即(i)电子材料；(ii)轮胎用橡胶助剂及其他化工产品；及(iii)可完全生物降解材料。 Red Avenue New Materials Group Co., Ltd. ...