Core Viewpoint - Mingxin Xuteng (605068.SH) is advancing its research and industrialization in biomimetic electronic skin, lightweight materials, and robotic dexterous hands, leveraging its technological accumulation in automotive functional materials [1] Group 1: Business Development - The new business initiatives are currently in the early stages of technology research, sample testing, and market development [1] - There is significant uncertainty regarding the company's ability to secure orders, as well as the technical solutions, mass production pace, and scale of these products [1] Group 2: Investor Advisory - The company emphasizes the importance of rational investment and risk prevention for investors [1]

Core Viewpoint - Mingxin Xuteng has reported that there have been no significant changes in the customer structure of its main business as of now [2] Group 1: Customer Collaboration - The company's products are currently supplied to major automotive manufacturers including FAW-Volkswagen, SAIC-GM, BYD, NIO, Li Auto, Xpeng, Mercedes-Benz, BMW, Audi, Seres, Changan, Geely, Chery, and Leap Motor [2] - The collaboration with core customers continues to deepen, indicating a strong and stable partnership with leading automotive brands [2]

证券代码：605068 证券简称：明新旭腾 公告编号：2026-012 转债代码：111004 转债简称：明新转债 明新旭腾新材料股份有限公司 关于使用部分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法律责任。 重要内容提示： 一、现金管理概况 （一）现金管理目的 为提高闲置资金使用效率、降低财务费用、增加股东回报，在确保不影响募 集资金投资项目建设和公司正常经营的前提下，合理利用部分闲置募集资金进行 现金管理，可以增加现金资产收益，为公司及股东获取良好的投资回报。 （二）现金管理金额：7,000 万元 （三）资金来源 现金管理种类：广发银行结构性存款 现金管理金额：7,000 万元 已履行的审议程序：公司于 2025 年 4 月 18 日召开了第四届董事会第三次 会议及第四届监事会第三次会议，审议通过了《关于使用闲置募集资金进 行现金管理的议案》，上述议案已经公司 2024 年年度股东大会审议通过。 特别风险提示：尽管本次公司进行现金管理购买了低风险、流动性好的产 品，属于低风险投资产品，但金融 ...

Financial Performance - Mingxin Xuteng expects a net profit loss attributable to shareholders of the parent company between -130 million and -90 million CNY for 2025[2]. - The company anticipates a net profit loss excluding non-recurring gains and losses between -155 million and -115 million CNY for 2025[2]. - The decline in gross margin is attributed to intensified price competition in the automotive industry and changes in product structure[2]. - The company plans to recognize asset impairment provisions of 50.2 million to 61.5 million CNY, which is expected to reduce total profit by the same amount[3]. - The company is facing pressure on sales gross margin and limited cost transfer capabilities as an automotive parts supplier[3]. Investment and Expansion - The company is investing in the construction of a factory in Mexico and expanding overseas markets, leading to increased expenses[2]. Credit Rating and Financial Condition - The current credit rating for Mingxin Xuteng is maintained at AA- with a stable outlook[3]. - The company’s financial condition is under close observation, particularly regarding profitability and cash flow from operating activities[3]. - The rating model scores indicate a business condition score of 4/7 and a financial condition score of 6/9[6]. - The overall credit rating for the company is AA, reflecting its current operational and financial status[6].

Core Viewpoint - The company expects a net loss attributable to shareholders of the parent company between 130 million yuan and 90 million yuan for 2025, primarily due to intensified price competition in the automotive industry, changes in product structure, declining gross margins, and increased expenses from the construction of a factory in Mexico and market expansion [1] Financial Performance - The net profit attributable to shareholders, excluding non-recurring gains and losses, is projected to be between 155 million yuan and 115 million yuan in the negative [1] - The company plans to make provisions for credit and asset impairment ranging from 50.2 million yuan to 61.5 million yuan, which is expected to reduce total profit by the same amount [1]

Group 1 - The company Mingxin Xuteng (605068) has responded to investor inquiries on its interactive platform, indicating that it has disclosed information regarding its main business, operating model, and regional business performance in accordance with relevant regulations [1] - The company emphasizes that specific details should be referenced from the publicly disclosed information by the company and related entities [1]

到期赎回的进展公告 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法律责任。 重要内容提示： 现金管理种类：广发银行股份有限公司结构性存款 本次赎回金额：8,000 万元人民币 已履行的审议程序：公司于 2025 年 4 月 18 日召开了第四届董事会第三 次会议及第四届监事会第三次会议，审议通过了《关于使用闲置募集资金进行现 金管理的议案》，上述议案已经公司 2024 年年度股东大会审议通过。 证券代码：605068 证券简称：明新旭腾 公告编号：2026-011 转债代码：111004 转债简称：明新转债 明新旭腾新材料股份有限公司 关于使用部分闲置募集资金进行现金管理 二、本次使用部分闲置募集资金购买理财产品到期赎回的情况 上述理财产品于 2026 年 1 月 26 日到期，公司于当日收回上述理财的本金 8,000 万元人民币，已获得理财收益 233,935.34 元人民币。上述已收回的理财 产品本金及收益已及时归还至募集资金专户。 | 产品名称 | | | 受托人名 | 产品金 | 起息 | 到期 | 预期年化收益 | 赎回金 ...

Group 1 - The company Mingxin Xuteng (605068.SH) has forecasted a net loss for the year 2025, estimating a loss of between 130 million yuan and 90 million yuan attributable to the parent company [1] - For the year 2024, the company reported an operating revenue of 1.179 billion yuan, representing a year-on-year increase of 30.21%, but a net profit attributable to shareholders of the listed company was a loss of 172 million yuan, a decrease of 412.54% [1] - The net cash flow from operating activities for 2024 was 14.42 million yuan, down 74.82% year-on-year [1] Group 2 - The company raised a total of 962 million yuan from its initial public offering, with a net amount of 872 million yuan after deducting issuance costs, which were allocated to various projects including the upgrade of leather production and R&D center construction [2] - The issuance costs for the initial public offering amounted to 89.55 million yuan, with underwriting fees of 58.05 million yuan [2] Group 3 - In 2022, the company issued convertible bonds, raising 673 million yuan, with a net amount of 666.94 million yuan after deducting underwriting fees and other related costs [3] - The total amount raised from the two fundraising activities is 1.635 billion yuan [3]

Core Viewpoint - The company, Mingxin Xuteng New Materials Co., Ltd., is forecasting a significant net loss for the year 2025, with expected losses ranging from 90 million to 130 million yuan, indicating ongoing financial challenges due to various industry pressures and internal factors [2][3][4]. Financial Performance Forecast - The company anticipates a net profit attributable to shareholders of the parent company for 2025 to be between -130 million yuan and -90 million yuan [2][3]. - The net profit after deducting non-recurring gains and losses is expected to be between -155 million yuan and -115 million yuan [4]. Previous Year Comparison - In the previous year, the company reported a total profit of -206.03 million yuan, with a net profit attributable to shareholders of the parent company at -172.15 million yuan [6]. - The net profit after deducting non-recurring gains and losses was -194.51 million yuan, with a loss per share of -1.06 yuan [7][6]. Reasons for Expected Loss - The company cites intensified price competition in the automotive industry, increased depreciation from completed construction projects, and rising costs associated with expanding operations in Mexico and new domestic business initiatives as primary factors contributing to the anticipated losses [8]. - The company plans to focus on optimizing customer and product structures, improving internal management efficiency, and implementing cost-reduction measures to enhance profitability [8]. Asset Impairment Preparation - The company intends to recognize an asset impairment provision ranging from 50.2 million to 61.5 million yuan for the year 2025, which is expected to reduce total profit by the same amount [13]. - The impairment testing is ongoing, and the final impact on the company's financials will be disclosed in the audited annual report for 2025 [14][15].

Core Viewpoint - Mingxin Xuteng New Materials Co., Ltd. is forecasting a significant loss for the year 2025, with expected net profit attributable to shareholders ranging from -130 million to -90 million yuan, indicating a challenging financial outlook for the company [2][3]. Financial Performance Forecast - The company anticipates a net profit attributable to shareholders of -130 million to -90 million yuan for the year 2025 [2][3]. - The net profit after deducting non-recurring gains and losses is expected to be between -155 million and -115 million yuan [4]. Previous Year Comparison - In the previous year, the company reported a total profit of -206.03 million yuan, with a net profit attributable to shareholders of -172.15 million yuan [6]. - The net profit after deducting non-recurring gains and losses for the previous year was -194.51 million yuan [6]. Reasons for Expected Loss - The company is facing intensified price competition in the automotive industry, leading to a decline in gross profit margins and narrowing profit space [8]. - Increased depreciation and amortization from previously constructed projects are further compressing profit margins [8]. - Rising costs associated with the construction of a factory in Mexico, overseas market expansion, and new domestic business initiatives are contributing to the expected losses [8]. Asset Impairment Provision - The company plans to recognize an asset impairment provision ranging from 50.2 million to 61.5 million yuan for the year 2025, which is expected to reduce total profit by the same amount [13]. - The impairment provision includes credit impairment losses estimated between -3.8 million and -4.5 million yuan and inventory impairment losses estimated between 54 million and 66 million yuan [15].