关于使用部分闲置募集资金进行现金管理的公告 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、现金管理概况 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 0 3 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 经中国证券监督管理委员会出具的《关于核准江苏苏博特新材料股份有限公 司公开发行可转换公司债券的批复》（证监许可[2022]1141 号）核准，公司于 2022 年 7 月 1 日公开发行可转换公司债券 800.00 万张，每张面值为人民币 100.00 元，共计募集资金 80,000.00 万元，扣除承销费用 900.00 万元（含税）后的募 集资金为 79,100.00 万元已于 2022 年 7 月 7 日汇入公司账户。上述募集资金到 位情况经永拓会计师事务所（特殊普通合伙）验证，并由其出具永证验字（2022） 第 210023 号《验资报告》。 截至 2024 年 12 月 31 日，募集资金具体存储情况如下： 二、本次 ...

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 0 1 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 （二）经上海证券交易所自律监管决定书[2022]196号文同意，公司 累计转股情况：截至 2024 年 12 月 31 日，累计已有 125,000 元博 22 转 债转换为公司股份，累计转股股数为 5,321 股，占博 22 转债转股前公司 已发行股份总额的 0.001266%。 未转股可转债情况：截至 2024 年 12 月 31 日，博 22 转债尚未转股金额 为 799,875,000 元，占可转债发行总量的 99.984%。 本季度转股情况：博 22 转债自 2024 年 9 月 30 日至 2024 年 12 月 31 日 期间，转股的金额为 20,000 元，因转股形成的股份数量为 868 股，占博 22 转债转股前公司已发行股份总额的 0.00021%。 80,000.00万元可转换公司债券于2022年7月28日起在上海证券交易所挂牌交易， 债券简称"博22转债"，债券代码"113650"。债券期限为自发行之日起6年； 票 ...

| 证券代码：603916 | 证券简称：苏博特 | 公告编号：2024-084 | | --- | --- | --- | | 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"博 22 转债"转股价格调整暨转股停牌的公告 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22转债 | 可转债转股停 牌 | 2024/12/26 | 全天 | 2024/12/26 | 2024/12/27 | 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 2024 年 9 月 26 日召 开第七届董事会第四次会议，并于 2024 年 10 月 14 日 ...

证券代码： 6 0 3 9 1 6 证 券 简 称 ： 苏 博 特 公 告 编 号 ： 2 0 2 4 - 0 8 3 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 股权激励限制性股票回购注销实施公告 一、本次限制性股票回购注销的决策与信息披露 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"）于 2024 年 9 月 26 日召 开第七届董事会第四次会议，审议通过了《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议案》，因部分激励对象离职，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》。 公司已根据法律规定就本次股份回购注销事项履行了债权人通知程序，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 注销部分限制性股票减资暨通知债权人的 ...

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 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 二〇二四年十二月 国浩律师(北京)事务所 法律意见书 目 录 | X 释 | | --- | | 一、本次回购注销的决策与信息披露……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………… 3 | | 二、本次回购注销的具体情况. | | 三、结论意见 | 在本法律意见书中，除非文义另有所指，下 ...

江苏苏博特新材料股份有限公司 关于注销部分募集资金专户的公告 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。 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。 二、募集资金的存放和管理情况 为规范公司募集资金的管理和使用，保护投资者的权益，本公司依照《中华 人民共和国公司法》、《中华人民共和国证券法》、《上海证券交易所股票上市 规则》、《上海证券交易所上市公司募集资金管理办法》等法律法规，结合公司 实际情况，制定了《江苏苏博特新材料 ...

Investment Rating - The report maintains a "Recommended" rating for the company with a target price of 8.9 yuan [1]. Core Insights - The company experienced a revenue decline of 3.9% year-on-year in the first three quarters of 2024, totaling 2.476 billion yuan, while net profit attributable to shareholders fell by 44.43% to 79 million yuan [1]. - The decline in net profit is primarily attributed to a decrease in gross margin, which was 32.9% for Q1-Q3 2024, down 2.1 percentage points from the same period last year [1]. - The average procurement price of ethylene oxide increased by 5.63% compared to the previous year, further impacting gross margins [1]. Revenue Breakdown - High-performance water-reducing agents accounted for 53% of revenue, while functional materials saw a revenue increase of 29% year-on-year [2]. - Revenue from high-performance water-reducing agents was 1.304 billion yuan, down 12% year-on-year, with a sales volume of 740,000 tons, up 2% [2]. - Functional materials generated 463 million yuan in revenue, with a sales volume of 220,000 tons, up 19% year-on-year, driven by increased demand from the wind power sector [2]. Expense Analysis - The period expense ratio increased by 1.03 percentage points year-on-year to approximately 26.2% for Q1-Q3 2024 [3]. - The sales, management, R&D, and financial expense ratios were 11.2%, 8.6%, 4.7%, and 1.7%, respectively, with increases in sales and management expenses [3]. Financial Forecast - The company is projected to have earnings per share (EPS) of 0.28, 0.35, and 0.46 yuan for 2024, 2025, and 2026, respectively, with corresponding price-to-earnings (PE) ratios of 28x, 22x, and 17x [4]. - The forecasted total revenue for 2024 is 3.455 billion yuan, with a net profit of 122 million yuan, reflecting a year-on-year decline of 24.1% [4].

证券代码：6 0 3 9 1 6 证券简称：苏博特 公告编号：2 0 2 4 - 0 8 1 转债代码：113650 转债简称：博 22 转债 | 受托方 | | 产品名称 | 类型 | 理财金额 | 起算日 | 到期日 | 收益金额 | | --- | --- | --- | --- | --- | --- | --- | --- | | | | | | | | | （元） | | 交通银行 | | | 保本固 | | | | | | （南京）分 | 定期存单 | | 定收益 | 3,600 万元 | 2024.7.26 | 2024.10.26 | 135,200.00 | | 行 | | | 型 | | | | | 赎回理财产品名称：交通银行（南京）分行定期存单，浦发银行南京城 西支行协定存款，招商银行南京江宁支行协定存款，中信银行南京分行结 构性存款。 赎回理财产品金额：15,560 万元。 | 浦发银行南 | 协定存款 | 保本收 | 2,360 万元 | 2024.8.09 | 2024.10.25 | 51,109.52 | | --- | --- | --- | --- | --- | --- ...

Investment Rating - Investment rating: Buy (maintained) as of October 28, 2024 [1] Core Views - The report indicates that the demand for water-reducing agents is under pressure, but there is optimism for the company's performance recovery in the future [1] - The company has experienced a decline in performance in Q3 2024, with revenue of 2.476 billion yuan, a year-on-year decrease of 44.43% [1] - The report highlights the company's financial structure is expected to improve as the real estate market stabilizes and local government debt work continues [2] Financial Performance Summary - For Q3 2024, the company achieved revenue of 912 million yuan, a year-on-year decrease of 43.07%, and a net profit attributable to shareholders of 25 million yuan [1] - The average price of high-performance water-reducing agents decreased slightly by 4.33% to 1,704 yuan/ton in Q3 2024 [2] - The company's revenue forecast for 2024-2026 has been revised down, with expected net profits of 117 million yuan in 2024, 153 million yuan in 2025, and 204 million yuan in 2026 [1][4] Business Development Summary - The company is expanding its market share in transportation, energy, water conservancy, and military industries, with a steady increase in the revenue share of new products like functional materials [3] - The overseas business is growing rapidly, particularly in Southeast Asia and other regions along the Belt and Road Initiative, indicating strong growth potential [3]

Investment Rating - The report maintains a "Buy" rating for the company, with a target price of 9.88 CNY, based on a 1x price-to-book ratio for 2024 [4][6]. Core Views - The company experienced a significant decline in net profit for Q3, with a year-on-year decrease of 43.07%, attributed to pressure on the prices of high-performance water-reducing agents, while functional materials showed continued growth [1][2]. - The company is expected to benefit from infrastructure projects in the western region of China, including participation in various large-scale projects, which may support future performance recovery [2][4]. Financial Performance Summary - For the first three quarters of 2024, the company reported revenues and net profit of 24.76 million CNY and 0.79 million CNY, respectively, representing year-on-year declines of 3.90% and 44.43% [1]. - The gross margin for the first three quarters was 32.89%, down 2.15 percentage points year-on-year, with a net margin of 5.72%, down 1.99 percentage points [3]. - The company’s operating cash flow improved, with a net cash flow of 2.15 million CNY for the first three quarters, an increase of 0.53 million CNY year-on-year [3]. Revenue Breakdown - Revenue from high-performance water-reducing agents, efficient water-reducing agents, and functional materials for the first three quarters was 13.0 million CNY, 0.35 million CNY, and 4.63 million CNY, respectively, with year-on-year changes of -12%, -55%, and +29% [2]. - In Q3 alone, the revenue for high-performance water-reducing agents was 4.89 million CNY, down 4% year-on-year, while functional materials saw a revenue increase of 35% year-on-year [2]. Market Outlook - The report highlights a positive outlook for functional materials driven by demand in wind power and other sectors, suggesting potential for long-term growth in anti-cracking waterproof materials and high-performance wind power grouting materials [2][4]. - The company is actively expanding its market presence in the western region, which is expected to provide additional growth opportunities as infrastructure projects progress [2][4].