Core Insights - The article highlights the introduction of Hurongo® water-based synthetic leather by Mingxin Xuteng at the 21st Shanghai International Auto Show, showcasing a technological innovation in automotive interior materials [1] Group 1: Product Innovation - Hurongo® utilizes an eco-friendly water-based polyurethane coating technology, eliminating the use of harmful chemicals such as benzene, aldehydes, and DMF, thus simplifying the solvent recovery process [3] - The material has a VOC emission level that is only 1/5 of the general standard and is the first automotive-grade water-based PU product to receive OEKO-TEX STANDARD 100 Level 1 certification [3] Group 2: Performance and Application - The synthetic leather maintains over 30,000 folding endurance cycles at -20℃ and 100,000 cycles at room temperature, meeting automotive-grade standards for durability and aging resistance [5] - The technology has entered mass production, providing a new technical pathway for upgrading environmental standards in automotive interiors, aligning with the growing global demand for sustainable materials [5] Group 3: Industry Impact - The commercialization of water-based synthetic leather technology is expected to influence the future supply chain dynamics of automotive interior materials, as the industry shifts towards low-emission and solvent-free solutions [5]

Stock Performance - Several stocks have shown significant gains, with notable performances including: - 恒天海龙 with a 10.07% increase over two days [2] - 晨曦航空 achieving a 19.96% rise on its first board [3] - 通易航天 with a remarkable 29.96% increase on its first board [3] - 新坐标 maintaining a 10.01% increase over four days [5] - 全筑股份 also showing a 10.00% increase over four days [9] Industry Trends - The robotics sector is gaining traction, with multiple companies experiencing stock price increases attributed to advancements in robotic technology and applications [4][5][7] - The AI computing industry is showing strong performance, as indicated by the positive financial results from companies in this sector, suggesting a sustained high level of industry activity [8] - The brain-computer interface (BCI) technology is gaining attention following FDA approval for Neuralink's device, which is aimed at aiding patients with severe communication disabilities [11] - The chemical industry is experiencing volatility in product prices, drawing market interest towards related companies [13] - The semiconductor industry is benefiting from increased investment and support for domestic high-end lithography machines, which is expected to boost the semiconductor equipment supply chain [16] - The real estate sector is reacting positively to the People's Bank of China's decision to lower housing loan interest rates, which is likely to stimulate market activity [18] Market Reactions - Stocks related to the ride-hailing industry are responding positively to the news of a partnership between autonomous driving company 小马智行 and Uber, with significant stock price increases observed [20][21] - The food and beverage sector is also seeing positive movements, influenced by the central bank's announcement of a new loan program aimed at boosting consumer spending [22][24] - The financial sector is reacting to the People's Bank of China's announcement of a series of monetary policy measures, including a reserve requirement ratio cut and interest rate adjustments [25][26]

2024年年度股东大会 目 录 | 明新旭腾新材料股份有限公司 | 2024 年年度股东大会会议须知 | 3 | | --- | --- | --- | | 明新旭腾新材料股份有限公司 | 2024 年年度股东大会会议议程 | 4 | | 议案一 | 2024 年年度报告及摘要 | 6 | | 议案二 | 2024 年度董事会工作报告 | 7 | | 议案三 | 2024 年度监事会工作报告 | 14 | | 议案四 | 2024 年度公司财务决算报告 | 18 | | 议案五 | 2025 年度公司财务预算报告 | 22 | | 议案六 | 2024 年度利润分配方案 | 24 | | 议案七 | 关于使用闲置募集资金进行现金管理的议案 | 26 | | 议案八 | 关于使用闲置自有资金进行现金管理的议案 | 29 | | 议案九 | 关于续聘公司 2025 年度审计机构的议案 | 31 | | 议案十 | 关于 2025 年度对外担保额度预计的议案 | 34 | | 议案十一 | 关于 2025 年度向金融机构申请综合授信额度的议案 | 39 | | 议案十二 | 关于开展外汇套期保值业务的议案 | 40 ...

证券代码：605068 证券简称：明新旭腾 公告编号：2025-058 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 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。 明新旭腾新材料股份有限公司（以下简称"公司"）于 2024 年 4 月 19 日召 开了第三届董事会第二十二次会议及第三届监事会第二十次会议，审议通过了 《关于使用闲置募集资金进行现金管理的议案》，同意公司使用不超过人民币 4 亿元暂时闲置募集资金进行现金管理，投资的产品品种为安全性较高、流动性较 好、风险较低的保本型理财产品。使用期限自公司 2023 年年度股东大会审议通 过之日起 12 个月内有效，上述额度在使用期限内可以滚动使用，到期后归还至 募集资金专户。 公司保荐机构发表了明确同意的意见，详见公司 2024 年 4 月 23 日刊登于指 定信息披露媒体及上海证券交易所网站（www.sse.com.cn）的《明新旭腾关于使 用闲置募集资金进行现金管理的公告》（公告编号：20 ...

Core Insights - The 21st Shanghai International Automobile Industry Exhibition has showcased Mingxin Xuteng's new generation of sustainable materials, emphasizing "tangible comfort, perceptible safety, and resonant art" to enhance the sensory and value experience of future mobility [1] Group 1: Environmental Impact - Traditional PU synthetic leather manufacturing relies heavily on solvent-based polyurethane processes, involving harmful substances like DMF, which pose environmental and worker safety risks [1] - Mingxin Xuteng has developed a comprehensive water-based ecological system, utilizing eco-friendly water-based polyurethane coatings that eliminate harmful substances, significantly reducing water consumption and ensuring worker safety [1] Group 2: Product Features - The Hurongo material offers a comfortable and breathable driving experience, with VOC emissions significantly lower than the industry average, at only 1/5 of the general standard, creating a "worry-free" interior environment for vehicle owners and passengers [3] - Hurongo is the world's first automotive-grade water-based PU to pass the OEKO-TEX STANDARD 100 Level 1 certification, free from heavy metals, formaldehyde, and carcinogenic dyes, ensuring a safe and controllable process from raw materials to finished products [3] Group 3: Company Philosophy - Mingxin Xuteng adheres to a core philosophy of "value innovation," having introduced biodegradable products and established a green benchmark within the industry [3] - The company is committed to creating a healthier, more natural, and warmer travel space, focusing on the safety of materials, sustainability of processes, and artistic sensory design [3]

2024&1Q25 业绩低于我们预期 公司公布2024&1Q25 业绩：2024 年实现收入11.79 亿元，同比+30.2%；归母净利润为-1.72 亿元，由盈 转亏。4Q24 实现收入4.02 亿元，同比+43.8%，环比+28.9%；归母净利润为-1.84 亿元。1Q25 实现收入 2.82 亿元，同比+25.6%，环比-29.9%；归母净利润为0.1 亿元，同比-20%。由于4Q24 减值计提及新工 厂折旧增加，2024 年业绩低于我们预期。新工厂折旧亦拖累1Q25 盈利，1Q25 业绩略低于我们预期。 发展趋势 业绩回顾 技术驱动构筑壁垒，全球化布局打开成长空间。公司在超纤领域建立行业领先地位。公司注重新材料与 新工艺开发，2024 年新增专利27 项（累计285 项），水性超纤、全植鞣生态革等产品通过欧盟REACH 认证，获国际CMF 设计奖金奖。公司海外工厂当前进入爬坡阶段，墨西哥工厂一期投产，我们认为， 公司较海外竞争对手具备成本优势，公司加速布局产能全球化，有助于进一步提升全球市场份额。 盈利预测与估值 由于竞争加剧及新工厂仍在爬坡早期，我们下调2025 净利润48.6%至6,031 万元， ...

Q&A 请介绍一下明新旭腾公司 2024 年全年及 2025 年一季度的财务表现。 公司在 2024 年的营收实现了 11.79 亿元，同比增长 30%。然而，由于部分 客户的信用减值和资产减值，以及海外投资费用增加，公司出现了上市以来的 首次亏损。2024 年的核心工作包括产品和客户端开发，特别是新能源客户的 开发，到年底新能源客户占比超过 50%。此外，公司从 1+2 产品系列扩展到 1+2+2，涵盖五个水性产品，基本满足汽车内饰应用需求。化工厂也达到了可 使用状态，对材料成本贡献显著。海外工厂准备就绪，目前正在接受客户验厂 和认证，预计下半年及 2026 年会实现部分营收。 在 2025 年一季度，公司实 现营收约 2.8 亿元，同比增长约 25%，利润约为 1,000 万元。 明新旭腾 2025042220250416 摘要 • 明新旭腾 2024 年出现上市以来首次亏损，主要因 T2ONE 及部分 OEM 客 户回款不及时，特别是 Jovan 和浙江国力等客户的债务问题导致减值计提， 公司已采取诉讼等措施主张权益，但预计具有一定可恢复性。 • 2025 年一季度营收约 2.8 亿元，同比增长约 25 ...

Core Viewpoint - Mingxin Xuteng achieved significant revenue growth in 2024, driven by product innovation and market expansion in the automotive materials sector [1][2][3] Financial Performance - The company reported a revenue of 1.179 billion yuan in 2024, marking a year-on-year increase of 30.21% [1] - Quarterly revenues showed a consistent upward trend, with Q4 reaching a record high of 402 million yuan [1] - For Q1 2025, the company continued its growth trajectory with a revenue of 282 million yuan, up 25.60% year-on-year [3] Product Development and Innovation - Mingxin Xuteng made breakthroughs in product capacity and process upgrades, including the first mass production of water-based PU leather for automotive applications [1] - The company introduced low-carbon and eco-friendly tanning processes in the leather materials sector, maintaining quality while reducing carbon emissions and heavy metal residues [1] - The introduction of high-end Nappa leather for steering wheels significantly improved durability and market share in the domestic market [2] Market Strategy and Expansion - The company is actively expanding its customer base among new energy vehicle manufacturers, focusing on lightweight and low VOC emission products [2] - 2024 marked a key year for the company's globalization strategy, with new factories in Jiangsu and the operational launch of a facility in Mexico [2] Research and Development - Research and development investment reached 103 million yuan in 2024, a 16.5% increase, representing 8.72% of total revenue [3] - The company has established 33 national and industry standards and holds 285 valid patents, including 16 invention patents [3] Future Outlook - 2025 is designated as a "market expansion year," with plans to transition from an automotive materials expert to a provider of intelligent surface system solutions [3]

证券代码：605068 证券简称：明新旭腾 公告编号：2025-057 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 2025 年第一季度报告的更正公告 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。 除上述情况外，公司《2025 年第一季度报告》的其他内容不变。本次更正 不会对公司 2025 年第一季度财务状况及经营成果造成影响。更正后的《2025 年 第一季度报告（更正后）》将与本公告同日在指定信息披露媒体披露，敬请查阅。 公司对上述更正给投资者带来的不便深表歉意，敬请广大投资者谅解。今后公司 会加强定期报告编制工作，努力提高信息披露质量。 特此公告。 明新旭腾新材料股份有限公司董事会 2025 年 4 月 23 日 明新旭腾新材料股份有限公司（以下简称"公司"或"明新旭腾"）于 2025 年 4 月 22 日披露了《2025 年第一季度报告》。经事后核查，公司发现披露的 2025 年第一季度报告部分数据有误，为保证信息披露的准确性，公司决定对涉及的有 关信息进行更正，具体更正内容如下： | ...

Financial Performance - The company's operating revenue for Q1 2025 was ¥281,526,264.45, representing a 25.60% increase compared to ¥224,138,797.29 in the same period last year[4]. - The net profit attributable to shareholders decreased by 19.62% to ¥10,496,018.06 from ¥13,058,132.09 year-on-year[4]. - The net profit attributable to shareholders after deducting non-recurring gains and losses fell by 47.39% to ¥4,369,374.84, down from ¥8,305,104.68 in the previous year[4]. - The basic earnings per share decreased by 25.00% to ¥0.06 from ¥0.08 in the same period last year[4]. - The weighted average return on equity decreased by 0.07 percentage points to 0.63% from 0.70% year-on-year[4]. - Total operating revenue for Q1 2025 reached ¥281,526,264.45, a 25.6% increase from ¥224,138,797.29 in Q1 2024[16]. - Net profit for Q1 2025 was ¥10,496,018.06, a decrease of 19.6% compared to ¥13,058,132.09 in Q1 2024[17]. - Basic and diluted earnings per share for Q1 2025 were both ¥0.06, down from ¥0.08 in Q1 2024[17]. - Total comprehensive income for Q1 2025 was ¥10,456,489.36, down from ¥14,614,023.49 in Q1 2024[17]. Cash Flow - The net cash flow from operating activities improved significantly, showing a net inflow of ¥-1,884,837.45 compared to a net outflow of ¥-41,971,599.91 in the same period last year[4]. - The net cash flow from operating activities for Q1 2025 was ¥88,593,635.43, a significant improvement compared to a net outflow of ¥93,162,132.09 in Q1 2024[29]. - Cash inflow from operating activities totaled ¥288,992,461.03 in Q1 2025, up from ¥208,902,993.16 in Q1 2024, representing an increase of approximately 38.3%[29]. - The cash outflow for purchasing goods and services decreased to ¥169,095,959.42 in Q1 2025 from ¥262,828,153.87 in Q1 2024, a reduction of about 35.5%[29]. - The company reported a net cash outflow from investing activities of -¥39,335,473.26 in Q1 2025, compared to -¥103,733,307.45 in Q1 2024[22]. - The net cash flow from investing activities was -¥68,289,732.59 in Q1 2025, worsening from -¥47,134,774.33 in Q1 2024[30]. - The net cash flow from financing activities was -¥72,072,193.38 in Q1 2025, compared to -¥6,131,140.63 in Q1 2024, indicating a larger cash outflow[30]. Assets and Liabilities - The total assets at the end of the reporting period were ¥3,538,885,676.84, a slight increase of 0.12% from ¥3,534,586,248.35 at the end of the previous year[5]. - The equity attributable to shareholders increased by 0.63% to ¥1,679,591,216.20 from ¥1,669,134,726.84 at the end of the previous year[5]. - The company's total liabilities decreased to CNY 1,859,294,460.64 from CNY 1,865,451,521.51, showing a reduction of approximately 0.3%[14]. - The company's total liabilities increased to ¥1,355,451,993.62 from ¥1,324,527,500.71, indicating a rise in financial obligations[26]. - Current liabilities rose to ¥708,117,075.14 as of March 31, 2025, compared to ¥670,180,211.88 at the end of 2024[26]. Shareholder Information - The company reported a total of 11,173 common shareholders at the end of the reporting period[8]. - The company reported a total of 1,477,792 shares held in the repurchase account, accounting for 0.91% of the total share capital[10]. Government Subsidies and R&D - The company recognized government subsidies amounting to ¥9,427,676.18, which positively impacted the financial results[6]. - R&D expenses increased significantly to ¥15,207,389.77 in Q1 2025, up from ¥10,200,173.95 in Q1 2024, reflecting a focus on innovation[27].