证券代码：603916 证券简称：苏博特 公告编号：2025-041 转债代码：113650 转债简称：博 22 转债 江苏苏博特新材料股份有限公司 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。 本议案经第七届董事会审计委员会第六次会议审议通过后提交董事会，审计 委员会认为：报告的编制程序符合法律法规、规范性文件和《公司章程》的要求， 内容真实、准确、完整地反映了对应报告期内经营管理和财务等各方面的实际情 况，不存在任何虚假记载、误导性陈述或者重大遗漏。 一、董事会会议召开情况 江苏苏博特新材料股份有限公司（以下简称"公司"）于 2025 年 8 月 28 日 以现场方式结合通讯方式召开了第七届董事会第十次会议。本次会议应到董事 7 人，实到董事 7 人。会议由毛良喜先生主持，公司监事、董事会秘书列席会议。 会议的召开符合《中华人民共和国公司法》和《公司章程》的有关规定，会议合 法有效。 二、董事会会议审议情况 表决结果：同意 7 票，反对 0 票，弃权 0 票，一致通过该项议案。 详见刊登在上海证券交易所（www.s ...

Key Insights - The report highlights the stable recovery of the macroeconomic environment, with Japan's GDP growth exceeding expectations in Q2 and manufacturing PMI showing unexpected improvement, leading to a rise in the Nikkei 225 index to a historical high [2][3] - The report emphasizes the investment opportunities in the "AI+" sector, particularly in hardware and infrastructure, driven by government policies promoting AI development [3][4] - The report discusses the performance of specific companies, such as Xiaoxiong Electric and Water Well, noting their revenue growth and strategic focus on product innovation and channel health [5][6][10][12] Company Performance - Xiaoxiong Electric reported a total revenue of 2.535 billion yuan in H1 2025, a year-on-year increase of 18.94%, with a net profit of 205 million yuan, up 27.32% [5] - Water Well's H1 2025 revenue was 1.5 billion yuan, with a net profit decline of 56.5%, indicating challenges in demand but a focus on channel health [6] - Guolian Minsheng's H1 2025 revenue reached 4.011 billion yuan, a significant increase of 269%, with net profit soaring by 1185% due to the consolidation of Minsheng Securities [7] Industry Trends - The "AI+" initiative is expected to accelerate the development of related industries, with a focus on hardware such as AI glasses and smart home devices [3] - The report notes the increasing demand for data center services, with companies like WanGuo Data expanding their operations and achieving significant order growth [16] - The banking sector shows signs of stability, with several banks reporting steady growth in net profit and revenue, indicating a resilient financial environment [10][19][23]

证 券 代 码 ： 6 0 3 9 1 6 证 券 简 称 ： 苏 博 特 公 告 编 号 ： 2 0 2 5 - 0 4 7 转债代码：113650 转债简称：博 22 转债 江苏苏博特新材料股份有限公司 关于召开 2025 年半年度业绩说明会的通知 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： 江苏苏博特新材料股份有限公司（以下简称"公司"）已于 2025 年 8 月 29 日发布公司 2025 年半年度报告，为便于广大投资者更全面深入地了解公司 2025 年半年度经营成果、财务状况，公司计划于 2025 年 09 月 19 日（星期五） 09:00-10:00 举行 2025 年半年度业绩说明会，就投资者关心的问题进行交流。 一、说明会类型 本次投资者说明会以网络互动形式召开，公司将针对 2025 年半年度的经营 成果及财务指标的具体情况与投资者进行互动交流和沟通，在信息披露允许的范 围内就投资者普遍关注的问题进行回答。 会议召开时间：2025 年 09 月 19 日（星期五） 09:00-10: ...

Investment Rating - The investment rating for the company is maintained as "Buy" with a target price of RMB 13.30 [7][8]. Core Views - The company reported a revenue of RMB 1.673 billion for H1 2025, representing a year-over-year increase of 7.03%, and a net profit attributable to the parent company of RMB 63.25 million, up 18.68% year-over-year [1][7]. - The second quarter of 2025 saw revenue of RMB 991 million, a year-over-year increase of 0.70% and a quarter-over-quarter increase of 45.45%, with net profit of RMB 38.92 million, reflecting a year-over-year increase of 20.86% and a quarter-over-quarter increase of 59.97% [1][7]. - The company is expected to benefit from the ongoing major infrastructure projects in the western region, such as the "Yaxia" hydropower station, which will drive demand for its products [1][5]. Summary by Sections Financial Performance - For H1 2025, the company achieved a revenue of RMB 1.673 billion, with a net profit of RMB 63.25 million and a non-recurring net profit of RMB 52.96 million [1][7]. - The comprehensive gross margin for H1 2025 was 34.75%, slightly down by 0.12 percentage points year-over-year [2]. - The company’s expense ratio for H1 2025 was 27.72%, down 0.34 percentage points year-over-year, indicating improved cost absorption capabilities [3]. Product Performance - Sales of high-performance water-reducing agents and functional materials showed positive trends, with revenues of RMB 867 million and RMB 347 million respectively, reflecting year-over-year increases of 6.3% and 25.2% [2]. - The company has expanded its functional materials offerings, with significant growth in new materials, which has been well-received by customers [4]. Market Expansion - The company has intensified its efforts in the western region, achieving notable results in sectors such as hydropower, nuclear power, and railways, participating in projects like the Sichuan-Tibet Railway and the Haitaichangjiang Tunnel [4]. - The company has also expanded its overseas business, establishing subsidiaries in the Philippines, Singapore, and Thailand, thereby broadening its international market presence [4]. Profit Forecast and Valuation - The company’s net profit forecasts for 2025-2027 are RMB 164 million, RMB 206 million, and RMB 241 million respectively, with corresponding EPS of RMB 0.38, RMB 0.48, and RMB 0.56 [5][11]. - The target price has been adjusted to RMB 13.30, based on a 35x PE valuation for 2025, reflecting the company's strong project experience and first-mover advantage in major infrastructure projects [5].

Financial Performance - The company reported total revenue of 1.673 billion yuan and a net profit attributable to shareholders of 63.2454 million yuan for the first half of 2025 [1] - The net cash flow from operating activities was -34.4282 million yuan, ranking 150th among disclosed peers, representing a decrease of 107 million yuan or 147.51% year-on-year [1] Financial Ratios - The latest debt-to-asset ratio is 42.09%, ranking 111th among disclosed peers, with an increase of 0.31 percentage points from the previous quarter and an increase of 2.28 percentage points year-on-year [3] - The latest gross profit margin is 34.75%, which is a decrease of 0.12 percentage points compared to the same period last year [3] - The return on equity (ROE) is 1.47%, ranking 111th among disclosed peers [3] Earnings and Turnover - The diluted earnings per share (EPS) is 0.15 yuan, ranking 91st among disclosed peers [4] - The total asset turnover ratio is 0.21 times, ranking 108th among disclosed peers [4] - The inventory turnover ratio is 2.38 times, ranking 86th among disclosed peers [4] Shareholder Structure - The number of shareholders is 19,300, with the top nine shareholders holding 236 million shares, accounting for 54.51% of the total share capital [4] - The largest shareholder is Jiangsu Bote New Materials Co., Ltd., holding 37.72% of the shares [4]

Core Viewpoint - The company, Jiangsu Subote New Materials Co., Ltd., reported significant improvements in its financial performance for the first half of 2025, with a revenue increase of 7.03% and a net profit increase of 18.68% compared to the previous year [9][10]. Company Overview - Jiangsu Subote focuses on the production of concrete additives and has expanded its market presence both domestically and internationally, including new subsidiaries in the Philippines, Singapore, and Thailand [10]. - The company emphasizes technological innovation and has developed eco-friendly products to enhance its competitive edge [11]. Financial Performance - The company achieved a revenue of approximately 43.26 million yuan in cash dividends, representing 45.12% of the net profit attributable to shareholders for the year [12]. - The average selling prices of key products, such as high-performance water reducers, decreased by 4.40%, while the prices of functional products fell by 7.05% [23][24]. Business Development - The company has actively pursued major engineering projects in sectors like hydropower and nuclear power, contributing to a steady growth in business profits [10]. - The company has also focused on expanding its product range, particularly in functional materials, which have shown significant market potential [10]. Research and Development - The company has increased its R&D efforts, particularly in developing energy-saving and environmentally friendly products, to support large-scale national infrastructure projects [11]. Shareholder Returns - The company has committed to maintaining a reasonable and healthy dividend level to enhance shareholder returns and investor confidence [12]. Investor Relations - The company has implemented a comprehensive investor relations management plan to improve communication and transparency with investors [13][14]. Governance and Compliance - The company continues to enhance its governance mechanisms and improve the quality of information disclosure to ensure compliance with regulatory requirements [14]. Guarantee for Subsidiaries - The company has approved a guarantee of 31 million yuan for its subsidiaries to support their operational financing needs [38][50].

Core Viewpoint - Suobote (603916.SH) reported a revenue of 1.673 billion yuan for the first half of 2025, reflecting a year-on-year growth of 7.03% [1] - The company's net profit attributable to shareholders reached 63.25 million yuan, marking an 18.68% increase compared to the previous year [1] - The non-recurring net profit was 52.96 million yuan, which is a 16.24% year-on-year growth [1] - Basic earnings per share stood at 0.15 yuan [1] Financial Performance - Revenue: 1.673 billion yuan, up 7.03% year-on-year [1] - Net Profit: 63.25 million yuan, up 18.68% year-on-year [1] - Non-recurring Net Profit: 52.96 million yuan, up 16.24% year-on-year [1] - Basic Earnings per Share: 0.15 yuan [1]

证券日报网讯 8月28日晚间，苏博特发布公告称，截至本公告披露日，公司为全资子公司博特新材料泰 州有限公司提供担保1，000万元，为全资子公司江苏道成不锈钢管业有限公司提供担保1，000万元，合 计2，000万元。无逾期担保。 （编辑 楚丽君） ...

证 券 代 码 ： 6 0 3 9 1 6 证 券 简 称 ： 苏 博 特 公 告 编 号 ： 2 0 2 5 - 0 4 5 转债代码：113650 转债简称：博 22 转债 江苏苏博特新材料股份有限公司 关于为子公司提供担保的公告 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。 重要内容提示: 一、担保情况概述 1、泰州博特基本信息如下： 1）注册地点：泰兴经济开发区江泰中路（闸南南路）26 号； 2）注册资本：33,000 万元； 3）法定代表人：洪锦祥； 4）经营范围：建筑新材料的研究、生产（按环保部门核定的经营范围生产）、 加工、销售，金属材料的研究、销售、技术服务、技术咨询；自营和代 理各类商品和技术的进出口业务（国家限定公司经营或禁止进出口的商 品和技术除外）。 5）主营业务：混凝土外加剂的研发、生产、销售； 6）财务数据：泰州博特截至 2024 年 12 月 31 日的总资产为 8.17 亿元，所 有者权益为 5.59 亿元，营业收入为 67，694.14 万元，净利润为 2,916.35 万元。以上财务 ...

证 券 代 码 ： 6 0 3 9 1 6 证 券 简 称 ： 苏 博 特 公 告 编 号 ： 2 0 2 5 - 0 4 4 转债代码：113650 转债简称：博 22 转债 江苏苏博特新材料股份有限公司 一、 募集资金基本情况 经中国证券监督管理委员会（以下简称"中国证监会"）证监许可[2022]1141 号文核准，公司于 2022 年 7 月 2 日公开发行了 800.00 万张可转换公司债券， 每张面值 100 元，发行总额 80,000 万元。经上海证券交易所自律监管决定书 [2022]196 号文同意，公司发行的 80,000.00 万元可转换公司债券于 2022 年 7 月 28 日在上海证券交易所挂牌交易。上述募集资金到位情况已由永拓会计师事 务所（特殊普通合伙）审验并出具了"永证验字[2022]第 210023 号"验资报告。 2025 年上半年募集资金使用情况如下： 单位：人民币元 | 项目 | 金额 | | --- | --- | | 募集资金净额 | 786,281,000.00 | | 减：前期使用募集资金净额 | 631,386,621.84 | | 减：本期使用募集资金 | 41 ...