Group 1 - The company, Hangzhou Foster Applied Materials Co., Ltd., issued convertible bonds totaling RMB 3.03 billion, approved by the China Securities Regulatory Commission [1][6] - The bonds were issued on November 22, 2022, with a face value of RMB 100 each, and a maturity period of 6 years [1][6] - The initial conversion price for the bonds is set at RMB 65.07 per share, with provisions for adjustments based on corporate actions [2][4] Group 2 - The company reported a net profit attributable to shareholders of RMB 130.76 million for the year 2024, a decrease of 29.33% compared to the previous year [6] - Total assets as of December 31, 2024, amounted to RMB 2.12 billion, reflecting a 2.86% decrease from the beginning of the year [6] - The company's operating revenue for 2024 was RMB 1.91 billion, down 15.23% from 2023 [6] Group 3 - The funds raised from the convertible bonds are allocated for various projects, including a reduction in the scale of a photomask project and a shift in funding to new projects in Guangdong and Vietnam [4][6] - The company has established a dedicated account for managing the raised funds, ensuring compliance with regulatory requirements [4][6] - The bond trustee, Guotai Junan Securities Co., Ltd., has been monitoring the company's financial and operational status to protect bondholders' interests [5]

| 证券代码：603806 | 证券简称：福斯特 | | | --- | --- | --- | | 转债代码：113661 | 转债简称：福 | 22 转债 | 杭州福斯特应用材料股份有限公司 可转换公司债券受托管理事务报告 （2024 年度） 债券受托管理人 二〇二五年六月 杭州福斯特应用材料股份有限公司 可转换公司债券受托管理事务报告 重要声明 本报告依据《公司债券发行与交易管理办法》（以下简称"《管理办法》"）、 《杭州福斯特应用材料股份有限公司公开发行可转换公司债券之债券受托管理 协议》（以下简称"《债券受托管理协议》"）、《杭州福斯特应用材料股份有限公 司公开发行可转换公司债券募集说明书》（以下简称"《募集说明书》"）、《杭州 福斯特应用材料股份有限公司 2024 年年度报告》等相关公开信息披露文件、第 三方中介机构出具的专业意见等，由本次债券受托管理人国泰海通证券股份有 限公司（以下简称"国泰海通"）编制。国泰海通对本报告中所包含的从上述文 件中引述内容和信息未进行独立验证，也不就该等引述内容和信息的真实性、 准确性和完整性做出任何保证或承担任何责任。 本报告不构成对投资者进行或不进行某项行为的 ...

| 证券代码：603806 | 证券简称：福斯特 | | | 公告编号：2025-047 | | --- | --- | --- | --- | --- | | 转债代码：113661 | 转债简称：福 | 22 | 转债 | | 杭州福斯特应用材料股份有限公司 关于使用部分暂时闲置募集资金进行现金管理的进展公告 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。 重要内容提示： ● 履行的审议程序：杭州福斯特应用材料股份有限公司（以下简称"公司"） 于 2025 年 4 月 8 日召开的第六届董事会第六次会议，审议通过了《关于使用部 分暂时闲置募集资金进行现金管理的议案》，同意公司及子公司在确保不影响募 集资金投资项目实施及募集资金安全的前提下，使用总额度不超过 10 亿元的暂 时闲置募集资金进行现金管理，用于购买安全性高、流动性好、产品发行主体能 够提供保本承诺的投资产品。公司监事会发表明确同意意见，公司保荐机构国泰 海通证券股份有限公司出具核查意见。具体内容详见公司于 2025 年 4 月 10 日在 上海证券交易所网 ...

Group 1 - The Foster Guangdong project is progressing steadily, with production expected to begin in batches in the first half of next year, aiming for a market share of over 50% in the photosensitive dry film business within five years [1][3] - The project is being developed by Hangzhou Foster Applied Materials Co., Ltd., a leading enterprise in the industry, known for its strong presence in the new energy and new materials sectors, particularly in photovoltaic packaging materials [3] - The company has a dominant market position, with over 50% market share internationally and over 60% domestically for its main product, EVA film [3] Group 2 - The photosensitive dry film project has a total investment of 550 million yuan and will cover an area of 95.98 acres, focusing on materials essential for PCB manufacturing [5] - The photovoltaic film project has a total investment of 1.45 billion yuan and will cover 119.51 acres, producing key encapsulation materials for the photovoltaic industry [7] - The construction of the projects is nearing completion, with significant progress made on the factory structures, and the photosensitive dry film project is expected to be completed by the end of this year [7]

| 证券代码：603806 | 证券简称：福斯特 | | 公告编号：2025-046 | | --- | --- | --- | --- | | 转债代码：113661 | 转债简称：福 22 | 转债 | | 杭州福斯特应用材料股份有限公司 关于"福 22 转债"转股价格调整的公告 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： 证券停复牌情况：适用 因杭州福斯特应用材料股份有限公司（以下简称"公司"）实施 2024 年度权 益分派,本公司的相关证券停复牌情况如下： "福 22 转债"自 2024 年度权益分 派实施公告前一交易日（即 2025 年 6 月 16 日）至权益分派股权登记日（即 2025 年 6 月 23 日）间停止转股，自 2025 年 6 月 24 日起恢复转股。 | 证券代码 | 证券简称 | | 停复牌类型 | 停牌起始日 | 停牌 期间 | 停牌终止日 | 复牌日 | | --- | --- | --- | --- | --- | --- | --- | --- | | 113661 ...

浙江天册律师事务所 关于 杭州福斯特应用材料股份有限公司 电话：0571-87901111 传真：0571-87901500 1 法律意见书 浙江天册律师事务所 2024 年度差异化分红事项的 法律意见书 浙江省杭州市杭大路 1 号黄龙世纪广场 A 座 11 楼 310007 关于杭州福斯特应用材料股份有限公司 2024 年度差异化分红事项的 法律意见书 编号：TCYJS2025H0862 号 致：杭州福斯特应用材料股份有限公司 浙江天册律师事务所（以下简称"本所"或"天册"）接受杭州福斯特应用材 料股份有限公司（以下简称"福斯特""公司"或"上市公司"）的委托，根据《中 华人民共和国公司法》（以下简称"《公司法》"）、《中华人民共和国证券法》（以下 简称"《证券法》"）、《上市公司股份回购规则》（以下简称"《回购规则》"）、《上海 证券交易所上市公司自律监管指引第7号——回购股份（2025年3月修订）》（以下 简称"《监管指引第7号》"）、《上海证券交易所股票上市规则（2025年4月修订）》 等相关法律、法规、规章和其他规范性文件及《杭州福斯特应用材料股份有限公 司章程》的规定，就公司2024年度利润分配所 ...

| 证券代码：603806 | 证券简称：福斯特 | | 公告编号：2025-045 | | --- | --- | --- | --- | | 转债代码：113661 | 转债简称：福 | 22 转债 | | 杭州福斯特应用材料股份有限公司 2024年年度权益分派实施公告 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： 每股分配比例 A 股每股现金红利0.26元 相关日期 | 股份类别 | 股权登记日 | 最后交易日 | 除权（息）日 | 现金红利发放日 | | --- | --- | --- | --- | --- | | Ａ股 | 2025/6/23 | － | 2025/6/24 | 2025/6/24 | 差异化分红送转： 是 一、 通过分配方案的股东大会届次和日期 本次利润分配方案经公司2025 年 4 月 30 日的2024年年度股东大会审议通过。 二、 分配方案 （3）本次差异化分红除权除息的计算依据 截至股权登记日下午上海证券交易所收市后，在中国证券登记结算有限责任公司上海分 公司（以下简称" ...

Investment Rating - The report maintains a "Positive" investment rating for the industry [5]. Core Insights - The overall scale of the industry remains stable, with a decrease in enthusiasm leading to differentiation among companies [12][19]. - Policy expectations are anticipated to strengthen further, driven by public statements from industry leaders [22][23]. - New technologies, particularly BC technology, are gaining attention, while other routes are progressing steadily [26][28]. - Auxiliary materials and equipment are advancing with BC and TOPCon modifications, contributing to efficiency improvements [46][62]. - Inverters are evolving, with a focus on commercial storage solutions and continued iterations in large-scale storage [67][82]. Summary by Sections Overall - The scale of the industry is stable with over 3,500 participating companies and more than 500,000 attendees, showing no significant change from 2024 [19]. - There is a noticeable decrease in overall enthusiasm, with some exhibition spaces left vacant, indicating a divergence in interest between leading and smaller companies [19]. Policy - Industry leaders are actively promoting policy implementation, with initial solutions proposed to address the "internal competition" in the silicon material sector [23]. - The asset-liability ratio in the photovoltaic main industry chain has shown a significant increase, indicating financial pressures [24]. New Technologies - The HIBC technology from Longi has achieved a standard module power of over 700W, while Aiko's ABC modules have a double-sided rate of 80% ± 5% [28]. - The TOPCon route focuses on efficiency improvements, with leading companies showcasing modules with power ratings up to 670W and conversion efficiencies of 24.8% [33]. - HJT technology is also advancing, with Tongwei's HJT module reaching a power output of 790.8W, marking a significant achievement in the sector [41]. Auxiliary Materials & Equipment - Leading manufacturers are launching BC-specific products, including low-weight encapsulation films and high-reflectivity black materials [46]. - The introduction of low-cost metal solutions is becoming a trend, with companies like Jingsilver and Shanghai Silver Paste showcasing their innovations [52]. - Equipment for TOPCon modifications is gaining traction, with edge passivation becoming a mainstream technology [62]. Inverters - The focus on commercial storage products is evident, with new high-power products being prominently displayed at the SNEC exhibition [67]. - The latest large-scale storage solutions, such as the PowerTitan3.0 from Sungrow, feature significant upgrades in capacity and efficiency [82].

| 证券代码：603806 | 证券简称：福斯特 | | 公告编号：2025-044 | | --- | --- | --- | --- | | 转债代码：113661 | 转债简称：福 22 | 转债 | | 杭州福斯特应用材料股份有限公司 关于实施 2024 年度权益分派时"福 22 转债"停止转股 暨转股价格调整的提示性公告 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： 证券停复牌情况：适用 因杭州福斯特应用材料股份有限公司（以下简称"公司"）实施 2024 年度权 益分派,本公司的相关证券停复牌情况如下：自 2024 年度权益分派实施公告前一 交易日（2025 年 6 月 16 日）至权益分派股权登记日间，"福 22 转债"将停止转股。 | 证券代码 | 证券简称 | 停复牌类型 | 停牌起始日 | 停牌 期间 | 停牌终止日 | 复牌日 | | --- | --- | --- | --- | --- | --- | --- | | 113661 | 福 22 转债 | 可转债转股停 | 2025/6 ...

Group 1 - The company will stop the conversion of "Fu 22 Convertible Bonds" from June 16, 2025, until the equity registration date due to the implementation of the 2024 annual equity distribution [1][3] - The 2024 annual equity distribution plan includes a cash dividend of 2.60 yuan (including tax) for every 10 shares, based on the total number of shares minus those held in the company's repurchase account [2][3] - The equity distribution plan was approved at the 2024 annual shareholders' meeting held on April 30, 2025 [2] Group 2 - The company will announce the implementation of the equity distribution and the adjustment of the conversion price for "Fu 22 Convertible Bonds" on June 17, 2025 [3] - Holders of "Fu 22 Convertible Bonds" can convert their bonds until June 13, 2025, to enjoy the equity distribution [3] - The conversion price of "Fu 22 Convertible Bonds" will be adjusted according to the terms outlined in the prospectus following the equity distribution [2]