杭州华旺新材料科技股份有限公司（以下简称"公司"）第四届董事会第十 二次会议于 2025 年 9 月 15 日在公司会议室以现场结合通讯的方式召开。根据《公 司章程》和公司《董事会议事规则》的有关规定，经全体董事同意，本次董事会 会议豁免通知时限要求。本次会议应出席董事 9 人，实际出席董事 9 人。 会议由公司董事长钭江浩先生主持，部分高管列席会议。会议召开符合有关 法律、法规、规章和《公司章程》的规定。 二、董事会会议审议情况 （一）审议通过《关于调整公司第四届董事会审计委员会成员的议案》 证券代码：605377 证券简称：华旺科技 公告编号：2025-029 杭州华旺新材料科技股份有限公司 第四届董事会第十二次会议决议公告 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。 一、董事会会议召开情况 2025 年 9 月 16 日 为完善公司治理结构，保障公司审计委员会的规范运作，公司对第四届董事 会审计委员会成员进行如下调整： 公司董事长钭江浩先生不再担任审计委员会成员，由公司职工代表董事潘卫 娅女士担任审计委员会成员，与邵 ...

Core Viewpoint - The company, Huawang Technology, has received a final anti-dumping tax ruling from the European Commission, imposing a tax rate of 26.4% to 26.9% on decorative paper originating from China, with the company securing the lower rate of 26.4% [1] Group 1 - The company has managed to mitigate the impact of the anti-dumping tax by reaching agreements with some EU customers to shift sales regions and develop new clients, resulting in a relatively small effect on actual sales volume [1] - The company is focused on developing high value-added products as part of its market diversification strategy [1] - The company leverages its global layout and technological advantages to maintain stable development in its overall export business [1]

Group 1 - The company, Huawang Technology, announced on September 12 that its production volume for the year 2024 is projected to be 331,900 tons, with a sales volume of 320,100 tons, resulting in a production and sales rate of 96.4% [1]

Group 1 - The paper industry sector saw an increase of 1.02% on September 11, with Qingshan Paper leading the gains [1] - The Shanghai Composite Index closed at 3875.31, up 1.65%, while the Shenzhen Component Index closed at 12979.89, up 3.36% [1] - Qingshan Paper's stock price rose by 10.14% to 3.80, with a trading volume of 2.54 million shares and a transaction value of 9.61 billion [1] Group 2 - The paper sector experienced a net outflow of 317 million from institutional investors, while retail investors saw a net inflow of 252 million [2] - Among individual stocks, Yibin Paper had a net inflow of 204.37 thousand from institutional investors, but a net outflow of 585.27 thousand from retail investors [3] - The overall trading activity in the paper sector indicated mixed investor sentiment, with some stocks experiencing significant outflows while others attracted retail interest [3]

Core Points - The stock price of Huawang Technology (605377) closed at 9.28 yuan, down 0.96% from the previous week [1] - The company's total market capitalization is 5.166 billion yuan, ranking 13th in the paper industry and 3200th in the A-share market [1] Company Announcements - The company plans to distribute a cash dividend of 2.30 yuan (including tax) for every 10 shares [2] - The company has approved an increase in the guarantee limit for its wholly-owned subsidiary, Hong Kong Huajin, by no more than 300 million yuan [2] - The total share capital will increase from 463,891,890 shares to 556,670,268 shares [2] - The supervisory board will be abolished, with its responsibilities transferred to the audit committee of the board of directors [2]

Group 1 - The core viewpoint of the article highlights the growth in the number of enterprises in the paper and paper products industry in China, with a total of 8,107 enterprises reported from January to July 2025, marking an increase of 190 enterprises or 2.4% year-on-year [1] - The proportion of the paper and paper products industry enterprises in relation to the total number of industrial enterprises stands at 1.56% [1] - The data indicates a shift in the criteria for scale enterprises, with the threshold for annual main business income raised from 5 million yuan to 20 million yuan since 2011 [1] Group 2 - The report referenced is the "2025-2031 China Paper Industry Market Survey Research and Development Prospects Report" published by Zhiyan Consulting [1] - Zhiyan Consulting is recognized as a leading industry consulting firm in China, specializing in in-depth industry research reports, business plans, feasibility studies, and customized services [2] - The firm emphasizes its commitment to providing comprehensive industry solutions to empower investment decisions through professional insights and market acumen [2]

证券代码：605377 证券简称：华旺科技 杭州华旺新材料科技股份有限公司 2025 年第二次临时股东大会 会议资料 2025 年 9 月 15 日 | 2025 | 年第二次临时股东大会会议须知 1 | | | --- | --- | --- | | 2025 | 年第二次临时股东大会会议议程 | 3 | | 2025 | 年第二次临时股东大会会议议案 | 5 | | | 议案一：关于 2025 年半年度利润分配方案的议案 5 | | | | 议案二：关于增加 2025 年度对外担保预计额度的议案 6 | | | | 议案三：关于增加注册资本、取消监事会并修订《公司章程》的议案 | 9 | 杭州华旺新材料科技股份有限公司 2025 年第二次临时股东大会会议资料 杭州华旺新材料科技股份有限公司 2025 年第二次临时股东大会会议须知 为维护广大投资者的合法权益，保障股东在本次股东大会期间依法行使权利， 根据《公司法》、中国证监会《上市公司股东会规则》《杭州华旺新材料科技股 份有限公司章程》等有关规定，特制定本会议须知，请参会人员认真阅读。 一、公司负责本次股东大会的议程安排和会务工作，出席会议人员应当听从 公 ...

Meeting Overview - The meeting is organized to protect the rights of shareholders and ensure lawful participation in the voting process [1] - Shareholders must register 30 minutes before the meeting and present necessary documentation [1][2] - The meeting will include both on-site and online voting methods [6] Voting Rights and Procedures - Shareholders have the right to speak, inquire, and vote during the meeting [2] - A maximum of ten shareholders can register to speak, with each allowed five minutes [2] - Voting will be conducted through a combination of on-site and online methods, with results announced post-meeting [6] Agenda Items - The first agenda item is the proposal for the 2025 semi-annual profit distribution plan, which includes a cash dividend of RMB 2.30 per 10 shares [4][5] - The second agenda item involves increasing the expected external guarantee limit for 2025 to RMB 90 million for a wholly-owned subsidiary [7][11] - The third agenda item proposes an increase in registered capital and the cancellation of the supervisory board, along with amendments to the company's articles of association [12][13] Financial Highlights - As of June 30, 2025, the company's distributable profits amount to RMB 749.10 million [4] - The proposed cash dividend represents 82.23% of the net profit attributable to shareholders for the first half of 2025 [4][5] - The company’s actual external guarantee total is RMB 163.96 million, accounting for 4.14% of the latest audited net assets [11] Legal and Compliance - A law firm will witness the meeting and provide legal opinions [3] - The company will ensure compliance with relevant laws and regulations during the meeting [3][12]

证券代码：605377 证券简称：华旺科技 | | | 杭州华旺新材料科技股份有限公司 2025 年第二次临时股东大会会议资料 杭州华旺新材料科技股份有限公司 2025 年第二次临时股东大会 会议资料 2025 年 9 月 15 日 杭州华旺新材料科技股份有限公司 2025 年第二次临时股东大会会议须知 为维护广大投资者的合法权益，保障股东在本次股东大会期间依法行使权利， 根据《公司法》、中国证监会《上市公司股东会规则》《杭州华旺新材料科技股 份有限公司章程》等有关规定，特制定本会议须知，请参会人员认真阅读。 一、公司负责本次股东大会的议程安排和会务工作，出席会议人员应当听从 公司工作人员安排，共同维护好会议秩序。 二、出席会议的股东及股东代理人须在会议召开前半小时到会议现场办理签 到手续，并按规定出示证券账户卡、身份证明文件或营业执照/注册证书复印件 （加盖公章）、授权委托书等，上述登记材料均需提供复印件一份，个人登记材 料复印件须个人签字，法定代表人证明文件复印件须加盖公司公章，经验证后方 可出席会议。会议开始后，由会议主持人宣布现场出席会议的股东人数及其所持 有表决权的股份总数，在此之后进场的股东无权参 ...

Investment Rating - The investment rating for the company is "Buy-A" with a target price of 11.90 CNY, maintaining the rating [3][9]. Core Views - The company is experiencing short-term pressure on profitability, with expectations for operational improvement and demand recovery in the future [2][3]. - The company has a strong position in the mid-to-high-end market for decorative paper, with significant advantages in product quality, cost control, and customer resources, indicating potential for market share growth and long-term growth prospects [2][3]. - The company has made positive progress in response to the EU anti-dumping investigation, with a reduction in the anti-dumping tax rate from 34.9% to 26.4%, which is expected to have a limited impact on sales in Europe [2][3]. Financial Performance Summary - In H1 2025, the company achieved revenue of 1.627 billion CNY, a year-on-year decrease of 16.43%, and a net profit of 156 million CNY, down 48.47% year-on-year [1][3]. - The gross margin for H1 2025 was 12.99%, a decline of 5.66 percentage points year-on-year, with Q2 2025 gross margin at 12.24%, down 4.96 percentage points year-on-year [3][9]. - The company’s net profit margin for H1 2025 was 9.57%, a decrease of 5.95 percentage points year-on-year [9]. Revenue and Profit Forecast - The company is projected to achieve revenues of 4.038 billion CNY, 4.360 billion CNY, and 4.753 billion CNY for 2025, 2026, and 2027 respectively, with year-on-year growth rates of 7.16%, 7.95%, and 9.02% [9][11]. - The forecasted net profit for 2025 is 425 million CNY, with a year-on-year decline of 9.44%, followed by growth of 13.40% and 13.45% in 2026 and 2027 respectively [9][11].