一、业绩说明会召开基本情况 2025 年 11 月 5 日上午 10:00-11:00，公司通过上海证券交易所上证路演中 心（网址：http://roadshow.sseinfo.com/）以网络方式召开了"2025 年第三 季度业绩说明会"。公司董事长傅昌宝先生、总经理毛新华先生、财务总监姚双 燕女士、董事会秘书陈晓雯女士、独立董事周明生先生、韩林静女士、尹德军先 生出席了本次说明会并与投资者进行了沟通交流，就投资者关注的问题进行了回 复。 二、本次说明会投资者提出的主要问题及公司的回复情况 在本次说明会上，公司就投资者关心的问题给予了答复，并对相关问题进行 了梳理，主要问题及答复如下： | 证券代码：605166 | 证券简称：聚合顺 | 公告编号：2025-105 | | --- | --- | --- | | 转债代码：111003 | 转债简称：聚合转债 | | | 转债代码：111020 | 转债简称：合顺转债 | | 聚合顺新材料股份有限公司 关于 2025 年第三季度业绩说明会召开情况的公告 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、 ...

证券日报网讯聚合顺（605166）11月4日在互动平台回答投资者提问时表示，截至2025年10月31日收 盘，公司股东人数为17377户。 ...

| 交易日期 | 证券简称 | 证券代码 | | | 成交价(元) 成交金额(万元) 成交量(*) 买入营业部 | | 卖出营业部 | 是否为专场 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 2025-11-04 | 聚合顺 | 605 Tee | 10.7 | 535 | 50 | 中信证券股份有限 | Same Bank | 잡 | | 2025-11-04 | 聚合顺 | 605 Tee | 10.7 | 321 | 30 | Carrester | 公司 2017年 11:20 | KI | | 2025-11-04 | 聚合顺 | 605166 | 10.7 | 250.38 | 23.4 | 机构专用 | 公司 2017年 | Ka | | 2025-11-04 | 聚合顺 | 605 Tee | 10.7 | 214 | 20 | - - - - - | SERVERSEE | 播 | | 2025-11-04 | 聚合顺 | 605166 | 10.7 | 203.3 | 19 | Comments of the pr ...

聚合顺新材料股份有限公司 2025 年第五次临时股东大会会议资料 聚合顺新材料股份有限公司 2025 年第五次临时股东大会 会议资料 聚合顺新材料股份有限公司 2025 年第五次临时股东大会会议资料 聚合顺新材料股份有限公司 2025 年第五次临时股东大会会议须知 为了维护全体股东的合法权益，确保股东大会的正常秩序和议事效率，保证大会 的顺利进行，根据中国证监会《上市公司股东会规则》及《聚合顺新材料股份有限公 司章程》（以下简称"《公司章程》"）的规定，特制定本须知： 2025 年 11 月 12 日 一、聚合顺新材料股份有限公司（以下简称"公司"）根据《公司法》《证券法》 《上市公司股东会规则》及《公司章程》的规定，认真做好召开股东大会的各项工作。 二、本次大会期间，全体参会人员应以维护股东的合法权益，确保大会的正常秩 序和议事效率为原则，自觉履行法定义务。 三、为保证本次大会的严肃性和正常秩序，除出席会议的股东及股东代理人、董 事、监事、公司高级管理人员、公司聘任律师及中介机构外，公司有权依法拒绝其他 人员入场，对于干扰大会秩序，寻衅滋事和侵犯其他股东合法权益的行为，公司有权 予以制止并及时报告有关部门查 ...

Group 1 - The company, 聚合顺, announced that as of October 31, 2025, the total external guarantees provided by the company and its subsidiaries amount to 2.6 billion yuan, with an outstanding balance of approximately 1.919 billion yuan, representing 135.17% and 99.79% of the company's most recent audited net assets, respectively [1][1][1] - All guarantee objects are subsidiaries of the company [1]

| 证券代码：605166 | 证券简称：聚合顺 | 公告编号：2025-104 | | --- | --- | --- | | 转债代码：111003 | 转债简称：聚合转债 | | | 转债代码：111020 | 转债简称：合顺转债 | | 聚合顺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法律责任。 重要内容提示： 担保对象及基本情况 | | | 被担保人名称 本次担保金额 | 10,000 | 山东聚合顺鲁化新材料有限公司 万元 | | | --- | --- | --- | --- | --- | --- | | 担 保 | 对 | | | | | | 象一 | | 实际为其提供的担保余额 | 111,935 | | 万元（含本次） | | | | 是否在前期预计额度内 | ☑是 | □否 | □不适用：________ | | | | 本次担保是否有反担保 | 是 | ☑否 | □不适用：________ | 累计担保情况 | 对外担保逾期的累计金额（万元） | 0 | | ...

Group 1 - The report highlights that Q3 performance met expectations with a continuous increase in membership numbers for Focus Technology, achieving a revenue of 490 million yuan, a year-on-year increase of 17% [4][5] - The report indicates that the company’s net profit for Q3 was 122 million yuan, showing a year-on-year decrease of 2%, while the net profit excluding non-recurring items was 118 million yuan, down 3.4% year-on-year [5][6] - The report notes that the company’s gross margin was 78.5%, a decrease of 1.4 percentage points year-on-year, and the net profit margin was 24.5%, down 5.2 percentage points year-on-year [5][6] Group 2 - The report states that Kuaijiao's revenue for the first three quarters was 3.174 billion yuan, a year-on-year decrease of 27.24%, with a net profit of 742 million yuan, down 43.39% year-on-year [10][11] - In Q3, Kuaijiao's revenue was 643 million yuan, a year-on-year decrease of 46.23%, and the net profit was 27 million yuan, down 92.55% year-on-year [10][11] - The report indicates that the decline in high-end and mid-range liquor sales was significant, while low-end liquor saw a growth of 117.28% year-on-year [12] Group 3 - The report mentions that Jinshi Resources achieved a revenue of 2.758 billion yuan in the first three quarters, a year-on-year increase of 50.73%, while the net profit was 236 million yuan, down 5.88% year-on-year [15][17] - In Q3, the company reported a revenue of 1.033 billion yuan, a year-on-year increase of 45.21%, and a net profit of 109 million yuan, up 32.29% year-on-year [16][18] - The report highlights that the company’s cash flow from operating activities for the first three quarters was 462 million yuan, an increase of 24.80% year-on-year [15][17] Group 4 - The report indicates that Wanze Co. achieved a revenue of 941 million yuan in the first three quarters, a year-on-year increase of 21%, with a net profit of 170 million yuan, up 22.45% year-on-year [22][23] - In Q3, the company reported a revenue of 525 million yuan, a year-on-year decrease of 2%, but a net profit increase of 31% year-on-year [24][43] - The report notes that the company has significant production capacity in high-temperature alloy components, with various agreements in place for further expansion [23][26] Group 5 - The report states that Lu'an Huanneng's revenue for the first three quarters was 21.1 billion yuan, a year-on-year decrease of 20.8%, with a net profit of 1.55 billion yuan, down 44.45% year-on-year [28][29] - In Q3, the company reported a revenue of 7.03 billion yuan, a year-on-year decrease of 21.8%, and a net profit of 210 million yuan, down 64% year-on-year [28][29] - The report highlights that the company plans to shut down its Xidong Coal Mine to improve operational efficiency and reduce losses [30][31] Group 6 - The report indicates that Mango Super Media's Q3 revenue was 3.099 billion yuan, a year-on-year decrease of 6.58%, with a net profit of 252 million yuan, down 33.47% year-on-year [32][33] - The report notes that increased content and R&D investments led to higher costs, impacting profitability [33][34] - The report highlights that advertising revenue returned to positive growth in Q3, with new shows expected to drive further engagement [35][36] Group 7 - The report states that Hangya Technology achieved a revenue of 530 million yuan in the first three quarters, a year-on-year increase of 1.95%, with a net profit of 78 million yuan, down 16.04% year-on-year [38][39] - In Q3, the company reported a revenue of 161 million yuan, a year-on-year decrease of 10.87%, and a net profit of 17 million yuan, down 34.78% year-on-year [40][41] - The report indicates that the company is focusing on new product development to drive future growth [39][41] Group 8 - The report mentions that Shandong Weida achieved a revenue of 1.439 billion yuan in the first three quarters, a year-on-year decrease of 11%, with a net profit of 230 million yuan, up 15% year-on-year [43][44] - In Q3, the company reported a revenue of 525 million yuan, a year-on-year decrease of 2%, but a net profit increase of 31% year-on-year [43][44] - The report highlights the company's strong cash flow and potential for growth in new business areas [44][45] Group 9 - The report indicates that Dinglong Co. achieved a revenue of 2.698 billion yuan in the first three quarters, a year-on-year increase of 11.2%, with a net profit of 519 million yuan, up 38% year-on-year [46][47] - In Q3, the company reported a revenue of 967 million yuan, a year-on-year increase of 6.6%, and a net profit of 208 million yuan, up 31.5% year-on-year [47][48] - The report highlights the strong performance of the semiconductor business, contributing significantly to overall growth [48]

Core Insights - The company reported a significant decline in revenue and net profit for the first three quarters of 2025, with total revenue of 4.367 billion yuan, down 18.12% year-on-year, and a net profit attributable to shareholders of 140 million yuan, down 40.25% year-on-year [1][2][3] Financial Performance - For the first three quarters of 2025, the company achieved a revenue of 4.367 billion yuan, with nylon chip revenue contributing 4.365 billion yuan, a decrease of 18.09% year-on-year. The production volume of nylon chips was 449,500 tons, an increase of 10.52% year-on-year, while sales volume reached 442,100 tons, up 9.32% year-on-year [2][3] - In Q3 2025, the company reported a revenue of 1.337 billion yuan, down 26.35% year-on-year and 8.87% quarter-on-quarter. The net profit for the quarter was 29 million yuan, a decrease of 64.15% year-on-year and 2.85% quarter-on-quarter [1][3][4] - The gross profit margin for the first three quarters was 7.07%, down 1.33 percentage points year-on-year, while the net profit margin was 3.61%, down 1.64 percentage points year-on-year [1][3] Cost and Expenses - The company’s selling expense ratio for the first three quarters was 0.24%, up 0.11 percentage points year-on-year, while the management expense ratio was 0.76%, an increase of 0.23 percentage points year-on-year. The R&D expense ratio was 3.27%, up 0.48 percentage points year-on-year [3][4] - In Q3 2025, the selling expense ratio was 0.20%, up 0.08 percentage points year-on-year, and the management expense ratio was 0.78%, an increase of 0.25 percentage points year-on-year [4] Cash Flow - The net cash flow from operating activities for the first three quarters was 96 million yuan, down 73.80% year-on-year. In Q3 2025, the net cash flow from operating activities was -18 million yuan, a decline of 105.95% year-on-year [1][3][5] Market Outlook - The company is focusing on high-end nylon materials, with ongoing capacity expansion projects. The demand for nylon high-end materials is expected to increase, supported by the development of downstream industries and improvements in production technology [5][6] - The company has multiple production bases and is progressing with projects aimed at enhancing production capacity, including a significant upgrade to a high-value production line [5][6] Revenue Forecast - The company forecasts revenues of 5.805 billion yuan, 7.979 billion yuan, and 9.184 billion yuan for 2025, 2026, and 2027 respectively, with net profits of 180 million yuan, 319 million yuan, and 450 million yuan for the same years [6]

Market Overview - The chemical fiber sector experienced a decline of 0.56% on October 30, with Tongyi Zhong leading the drop [1] - The Shanghai Composite Index closed at 3986.9, down 0.73%, while the Shenzhen Component Index closed at 13532.13, down 1.16% [1] Stock Performance - Notable gainers in the chemical fiber sector included: - Huilong New Material (301057) with a closing price of 25.18, up 1.98% [1] - Jilin Chemical Fiber (000420) at 4.15, up 1.72% [1] - Huaxi Co. (000936) at 7.67, up 1.19% [1] - Major decliners included: - Tongyi Zhong (688722) at 17.73, down 3.85% [2] - Haiyang Technology (603382) at 32.52, down 2.63% [2] - Tianfulong (603406) at 45.12, down 2.55% [2] Capital Flow - The chemical fiber sector saw a net outflow of 73.23 million yuan from institutional investors, while retail investors had a net inflow of 47.99 million yuan [2][3] - The capital flow for specific stocks showed: - Jilin Chemical Fiber had a net inflow of 21.67 million yuan from institutional investors [3] - Huilong New Material experienced a net inflow of 2.78 million yuan from institutional investors [3]

Group 1 - The core viewpoint of the news is that 聚合顺 has experienced a decline in stock price and financial performance, indicating potential challenges for the company [1][2]. - As of October 29, 聚合顺's stock price decreased by 2.01% to 10.71 CNY per share, with a total market capitalization of 3.371 billion CNY [1]. - The company has seen a year-to-date stock price drop of 9.52%, with a 20-day decline of 10.15% and a 60-day decline of 5.72% [1]. Group 2 - 聚合顺's main business involves the research, production, and sales of nylon new materials, with revenue composition as follows: fiber-grade slices 65.57%, engineering plastic-grade slices 30.63%, film-grade slices 3.33%, and other slices 0.43% [1]. - For the period from January to September 2025, 聚合顺 reported operating revenue of 4.367 billion CNY, a year-on-year decrease of 18.12%, and a net profit attributable to shareholders of 140 million CNY, down 40.25% year-on-year [1]. - The company has distributed a total of 295 million CNY in dividends since its A-share listing, with 198 million CNY distributed over the past three years [2]. Group 3 - As of September 30, 2025, 聚合顺's top ten circulating shareholders include 富国优化增强债券C, which increased its holdings by 3.5965 million shares to 5.7579 million shares, and 华夏价值精选混合A, which is a new shareholder with 2.5980 million shares [2]. - The number of shareholders for 聚合顺 as of October 20 was 16,900, a decrease of 1.98% from the previous period, while the average circulating shares per person increased by 2.02% to 18,613 shares [1].