| 证券代码：603916 | 证券简称：苏博特 | | | 公告编号：2025-040 | | --- | --- | --- | --- | --- | | 转债代码：113650 | 转债简称：博 | 22 | 转债 | | 证券停复牌情况：适用 因股权激励限制性股票回购注销,本公司的相关证券停复牌情况如下： | 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 | | --- | --- | --- | --- | --- | --- | --- | --- | | 113650 | 博 转债 | 22 | 可转债转股停 | 2025/8/25 | 全天 | 2025/8/25 | 2025/8/26 | | | | | 牌 | | | | | 一、转股价格调整依据 江苏苏博特新材料股份有限公司（以下简称"公司"）于 2025 年 4 月 28 日召 开第七届董事会第九次会议，并于 2025 年 5 月 20 日召开 2024 年年度股东大会， 相关会议审议通过了《关于回购注销股权激励限制性股票的议案》，因公司未实现 业绩目标以及部分激励对象离职， ...

Core Viewpoint - Suobote (603916.SH) is advancing in the development of PEKK, a high-performance thermoplastic engineering plastic similar to PEEK, which has significant applications in various industries [1] Group 1: Product Characteristics - PEKK belongs to the polyether ketone family and exhibits excellent mechanical properties, wear resistance, corrosion resistance, self-lubrication, insulation stability, biocompatibility, and high-temperature usage [1] - The primary application areas for PEKK include lightweight alternatives to steel in industries such as automotive, robotics, low-altitude aircraft, aerospace materials, and high-end medical applications [1] Group 2: Development and Challenges - The synthesis of PEKK involves high technical difficulty, but the company has made progress in mastering the synthesis technology [1] - The next steps involve refining the related processes to achieve large-scale synthesis, although the cultivation of new products requires a certain period and faces various risks and uncertainties [1]

Core Viewpoint - The company is repurchasing and canceling restricted stock due to unmet performance targets and the departure of certain incentive recipients [2][3]. Group 1: Reasons for Repurchase - The repurchase of restricted stock is based on the company's failure to meet performance targets and the departure of some incentive recipients, which disqualifies them from the incentive program [3][4]. - The decision to repurchase was approved during the board meeting on April 28, 2025, and subsequently ratified at the annual shareholders' meeting on May 20, 2025 [2][3]. Group 2: Details of the Repurchase - The company plans to repurchase a total of 633,000 shares of restricted stock, which includes 597,000 shares from 199 incentive recipients and 36,000 shares from 8 departing recipients [4][5]. - The repurchased shares represent 50% of the restricted stock held by the relevant incentive recipients [4]. Group 3: Repurchase Process - The company has established a dedicated securities account for the repurchase and has applied for the cancellation of the 633,000 shares with the China Securities Depository and Clearing Corporation [7]. - The cancellation of the restricted stock is expected to be completed by August 21, 2025 [7]. Group 4: Compliance and Legal Opinions - The board confirms that the decision-making process and information disclosure comply with relevant laws and regulations, ensuring no harm to the rights of incentive recipients or creditors [8]. - A legal opinion has been obtained confirming that the repurchase and cancellation of restricted stock have received the necessary approvals and comply with applicable regulations [9].

北京市朝阳区东三环北路 38 号泰康金融大厦 9 层 邮编：100026 th 电话/Tel: 010-65890699 传真/Fax: 010-65176800 网址/Website: http://www.grandall.com.cn 关 于 江苏苏博特新材料股份有限公司 股权激励计划回购注销部分限制性股票 法律意见书 国浩律师（北京）事务所 二〇二五年八月 关于江苏苏博特新材料股份有限公司股权激励计划 国浩律师（北京）事务 所 法律意见书 国浩律师（北京）事务所 法律意见书 释 义 在本法律意见书中，除非文义另有所指，下列词语具有下述含义： 苏博特、公司 指 江苏苏博特新材料股份有限公司 《江苏苏博特新材料股份有限公司2023年限制性股票激励计划（草 《激励计划》 指 案）》 本次股权激励计划、本 指 江苏苏博特新材料股份有限公司2023年限制性股票激励计划 次激励计划、本计划 按照本次激励计划规定获得限制性股票的公司董事、高级管理人员、 | 激励对象 | 指 | | --- | --- | | | 骨干员工以及公司董事会认为需要进行激励的其他核心人员 | | | 公司根据本次激励计划规定的条件，授予 ...

证券代码：603916 证券简称：苏博特 公告编号：2025-039 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。 重要内容提示： ? 回购注销原因：因公司未实现业绩目标以及部分激励对象离职，公司回 购其已获授但尚未解除限售的限制性股票 ? 本次注销股份的有关情况 回购股份数量（股） 注销股份数量（股） 注销日期 一、本次限制性股票回购注销的决策与信息披露 江苏苏博特新材料股份有限公司（以下简称"公司"）于 2025 年 4 月 28 日召 开第七届董事会第九次会议，审议通过了《关于回购注销股权激励限制性股票的 议案》，因公司未实现业绩目标以及部分激励对象离职，公司拟回购相应限制性 股票，具体内容详见公司刊登于上海证券交易所（www.sse.com.cn）及指定披露 媒体上的《关于回购注销部分激励对象已获授但尚未解除限售的限制性股票的公 告》，公告编号 2025-024。2025 年 5 月 20 日，公司召开 2024 年年度股东大会， ...

股权激励限制性股票回购注销实施公告 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 3 9 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。 重要内容提示： 回购注销原因：因公司未实现业绩目标以及部分激励对象离职，公司回 购其已获授但尚未解除限售的限制性股票 本次注销股份的有关情况 | 回购股份数量（股） | 注销股份数量（股） | | | 注销日期 | | | | --- | --- | --- | --- | --- | --- | --- | | 6,330,000 | 6,330,000 | 2025 | 年 | 8 月 | 21 | 日 | 一、本次限制性股票回购注销的决策与信息披露 江苏苏博特新材料股份有限公司（以下简称"公司"）于 2025 年 4 月 28 日召 开第七届董事会第九次会议，审议通过了《关于回购注销股权激励限制性股票的 议案》，因公司未实现业绩 ...

法律意见书 北京市朝阳区东三环北路 38 号泰康金融大厦 9 层 邮编：100026 9 th Floor, Taikang Financial Tower, No. 38 North Road East Third Ring, Chaoyang District, Beijing, 100026, China 电话/Tel: 010-65890699 传真/Fax: 010-65176800 网址/Website: http://www.grandall.com.cn 国浩律师（北京）事务所 关 于 江苏苏博特新材料股份有限公司 股权激励计划回购注销部分限制性股票 实施事宜 之 国浩律师(北京)事务所 二〇二五年八月 法律意见书 目 录 | 経 义 | | --- | | 一、本次回购注销的决策与信息披露 . | | 二、本次回购注销的具体情况… | | 三、结论意见………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………… 5 | 国浩律师（北京） ...

Investment Rating - The report maintains a positive outlook on the building materials industry, particularly in AI materials and traditional building materials entering a price increase season [1][3]. Core Insights - The AI materials market continues to expand, driven by the anticipation of mass production in the AI industry chain, which is expected to boost demand for related products [2][3]. - The construction materials sector is showing signs of recovery, with consumption fundamentals expected to improve in the second half of 2025 [10][24]. - The cement industry is entering a peak season, with price increases already observed in the Yangtze River Delta region [30][33]. Summary by Sections AI Materials - The M9 production for switches is expected to ramp up ahead of schedule, with core Q fabric suppliers also increasing production capacity [2]. - The demand for low dielectric fabrics is anticipated to rise alongside the production of GB200 and GB300 cabinets [2][3]. - The overall production ramp-up is seen as a key support for market trends [2]. Cement Industry - The opening of major infrastructure projects in Xinjiang and Tibet is expected to enhance market confidence and drive demand for cement [8][30]. - The cement market has seen a slight price increase, with certain regions experiencing price hikes of 10-30 RMB per ton [33][34]. - The report highlights a potential supply reduction in the North China region due to planned production cuts for air quality improvement [32][33]. Building Materials - The report notes a significant policy shift in Beijing aimed at stimulating the real estate market, which is expected to positively impact consumption building materials [10][24]. - Companies in the consumption building materials sector are beginning to stabilize their earnings, with expectations of improved profitability in the coming quarters [25][26]. - The report emphasizes the importance of cost management and pricing strategies among leading companies in the sector [25][26]. Glass Industry - The float glass market is currently facing price pressures, with average prices declining [41][42]. - Environmental regulations are tightening, which may lead to increased costs for glass manufacturers [42][43]. - Companies like Xinyi Glass are expected to maintain competitive positions despite market challenges, with a focus on profitability in their automotive glass segment [44].

Core Insights - The report highlights a significant shift in China's consumption structure from goods to services, with per capita service consumption expected to reach 46.1% of total consumption by 2024, contributing 63% to the growth of consumer spending [2] - The establishment of the Xinjiang-Tibet Railway Company marks the beginning of a major infrastructure project that is expected to enhance regional economic collaboration and reduce logistics costs, with an estimated investment of around 500 billion yuan [7][8] - The report emphasizes the positive impact of major infrastructure projects on China's economic stability and growth, particularly in the context of external uncertainties [9][10] Economic News - The Ministry of Commerce indicates a rapid transition in China's consumption structure, with service consumption growing at an annual rate of 9.6% from 2020 to 2024 [2] - The Ministry of Finance has introduced a one-year "dual interest subsidy" policy aimed at boosting consumer loans for various sectors, including automotive and healthcare [2] - The People's Bank of China is encouraging increased credit support for the service consumption sector to ensure effective policy implementation [4] Company Insights - Alibaba Health has signed a strategic cooperation agreement with Innovent Biologics to enhance supply chain solutions for cold-chain delivery of specific medications [5] - Didi has recently invested in a driverless commercial vehicle company, indicating a strategic move towards autonomous transportation [5] - Jiangfeng Electronics is planning to integrate its flat panel display target material business with Japan's Aifuka Corporation, showcasing international collaboration [5] Infrastructure Projects - The Xinjiang-Tibet Railway is expected to significantly lower logistics costs and enhance economic cooperation between regions, with a construction period projected to exceed 20 years [8][9] - The report outlines that the construction of the Xinjiang-Tibet Railway will provide a safety net for China's economy against external uncertainties, contributing approximately 0.18% to GDP growth annually [8][9] - Other major infrastructure projects are also set to commence, which will serve as important engines for domestic demand and economic stability [10] Investment Recommendations - The report suggests that leading companies in the construction and materials sector will benefit significantly from the Xinjiang-Tibet Railway project, including major state-owned enterprises [9] - It emphasizes that the implementation of major projects will not only yield long-term benefits but also stabilize the economy amid external challenges [11]

金融界消息 截至2025年8月12日收盘，苏博特（603916）报收于11.22元，下跌1.92%，换手率3.27%， 成交量13.76万手，成交金额1.55亿元。 通过天眼查大数据分析，江苏苏博特新材料股份有限公司共对外投资了26家企业，参与招投标项目2114 次，知识产权方面有商标信息70条，专利信息1172条，此外企业还拥有行政许可40个。 来源：金融界 苏博特最新一期业绩显示，截至2025一季报，公司营业总收入6.82亿元、同比增长17.81%，归属净利润 2432.83万元，同比增长15.36%，扣非净利润2185.30万元，同比增长6.86%，流动比率2.051、速动比率 1.868、资产负债率41.78%。 天眼查商业履历信息显示，江苏苏博特新材料股份有限公司，成立于2004年，位于南京市，是一家以从 事通用设备制造业为主的企业。企业注册资本42030.8798万人民币，实缴资本4000万人民币。公司法定 代表人为毛良喜。 资金流向方面，今日主力资金净流出3128.19万元，占比成交额20.15%。其中，超大单净流出1252.73万 元、占成交额8.07%，大单净流出1875.46万元、占成交额 ...