Core Viewpoint - The functional silane industry in China is rapidly developing, with significant increases in production capacity and market demand, positioning itself as a crucial pillar in the new materials sector [1][5][21]. Group 1: Industry Overview - Functional silanes are organic silicon molecules with a backbone structure of -Si-O-C-, categorized into silane coupling agents and silane crosslinking agents [2][4]. - The industry has achieved near parity with international R&D capabilities, boasting a leading global production capacity and strong cost advantages [1][5]. - By 2024, China's functional silane production capacity is projected to reach 702,500 tons, with a production volume of 401,400 tons and a market size of 5.15 billion yuan [1][7]. Group 2: Market Demand and Growth - The demand for functional silanes is expanding, driven by emerging industries such as photovoltaics, composite materials, and new energy vehicles [1][7]. - In 2024, the demand for functional silanes in China is expected to be 272,500 tons, with a market size of 5.15 billion yuan, reflecting a year-on-year increase [1][7]. - The market size is projected to grow to 5.773 billion yuan by 2025, indicating a robust growth trajectory [1][7]. Group 3: Industry Chain Structure - The upstream of the functional silane industry includes chemical raw material manufacturing, while the midstream focuses on the production of various functional silanes [9][11]. - The downstream applications span multiple sectors, including rubber products, composite materials, photovoltaic materials, and construction coatings [9][11]. Group 4: Competitive Landscape - The functional silane market in China is characterized by a high degree of marketization, with significant participation from private and state-owned enterprises [15][16]. - Major players include Jianghan New Materials, Hongbai New Materials, and Chenguang New Materials, which have established strong production capabilities and competitive advantages [15][16][17]. - The industry is witnessing a shift towards domestic production, with China becoming a significant global production base for silanes [15][16]. Group 5: Future Trends - The demand for functional silanes is expected to continue growing, particularly in high-end manufacturing and new energy sectors [21]. - The industry is anticipated to evolve towards higher-end, environmentally friendly products, driven by technological advancements and increasing environmental regulations [21].

2025 年 6 月 证券代码：605399 证券简称：晨光新材 江西晨光新材料股份有限公司 2024 年年度股东大会 会议资料 第 1 页 共 36 页 江西晨光新材料股份有限公司 2024 年年度股东大会会议资料 目录 | 一、2024 年年度股东大会会议须知 3 | | --- | | 二、2024 年年度股东大会议程 5 | | 三、2024 年年度股东大会议案 | | 议案一：《关于<公司 2024 年度董事会工作报告>的议案》 7 | | 议案二：《关于<公司 年度监事会工作报告>的议案》 14 2024 | | 议案三：《关于<公司 2024 年度财务决算报告>的议案》 19 | | 议案四：《关于<公司 年年度报告及其摘要>的议案》 25 2024 | | 议案五：《关于 2024 年度利润分配方案的议案》 26 | | 议案六：《关于续聘 年度会计师事务所的议案》 27 2025 | | 议案七：《关于子公司 年度申请综合授信额度及预计担保额度的议案》...28 2025 | | 议案八：《关于<公司董事、高级管理人员 2024 年度薪酬>的议案》 32 | | 议案九：《关于<公司监事 年 ...

Market Overview - As of 13:59 today, the Shanghai Composite Index is at 3372.33 points, with a slight decline of -0.23% [1] - The total trading volume of A-shares today is 838.849 billion yuan [1] Stocks Breaking Annual Line - A total of 68 A-shares have surpassed their annual line today, with notable stocks including: - Puris (乖离率 6.48%) - Aisen Co., Ltd. (乖离率 5.81%) - Fosa Technology (乖离率 4.02%) [1] Stocks with Significant Deviation - The stocks with the largest deviation from the annual line include: - Puris: Today's price increased by 7.19% to 30.70 yuan - Aisen Co., Ltd.: Today's price increased by 7.47% to 42.00 yuan - Fosa Technology: Today's price increased by 4.30% to 32.71 yuan [1] Additional Stocks with Positive Performance - Other stocks showing positive performance and their respective deviations include: - Yao Stone Technology: 3.77% increase, 3.51% deviation - Fuling Power: 6.24% increase, 3.42% deviation - Yingjie Electric: 5.37% increase, 3.38% deviation [1] Summary of Stocks with Minor Deviations - Stocks with minor deviations from the annual line include: - Huayang Intelligent: 4.58% increase, 2.48% deviation - Boying Special Welding: 2.32% increase, 2.06% deviation - Stone Technology: 2.02% increase, 1.96% deviation [1]

证券代码：605399 证券简称：晨光新材 公告编号：2025-023 江西晨光新材料股份有限公司 关于召开 2024 年度暨 2025 年第一季度业绩暨现金分 红说明会的公告 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： ?会议召开时间：2025 年 5 月 22 日（星期四）下午 13:00-14:00 ?会议召开地点：上海证券交易所上证路演中心（网址：http://roadshow.ssei nfo.com/，以下简称"上证路演中心"） ?会议召开方式：上证路演中心网络互动 ?会议问题征集：投资者可于 2025 年 5 月 16 日（星期五）至 5 月 21 日（星 期三）16:00 前登录上证路演中心网站首页点击"提问预征集"栏目或通过邮箱 jiangxichenguang@cgsilane.com 进行提问。江西晨光新材料股份有限公司（以下 简称"公司"或"晨光新材"）将在说明会上对投资者普遍关注的问题进行回答。 公司已于 2025 年 4 月 26 日发布《晨光新材 2024 年年度报告》《晨光新 ...

重要内容提示： 会议召开时间：2025 年 5 月 22 日（星期四）下午 13:00-14:00 会议召开地点：上海证券交易所上证路演中心（网址：http://roadshow.ssei nfo.com/，以下简称"上证路演中心"） 会议召开方式：上证路演中心网络互动 证券代码：605399 证券简称：晨光新材 公告编号：2025-023 江西晨光新材料股份有限公司 关于召开 2024 年度暨 2025 年第一季度业绩暨现金分 红说明会的公告 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。 会议问题征集：投资者可于 2025 年 5 月 16 日（星期五）至 5 月 21 日（星 期三）16:00 前登录上证路演中心网站首页点击"提问预征集"栏目或通过邮箱 jiangxichenguang@cgsilane.com 进行提问。江西晨光新材料股份有限公司（以下 简称"公司"或"晨光新材"）将在说明会上对投资者普遍关注的问题进行回答。 公司已于 2025 年 4 月 26 日发布《晨光新材 2024 年年度报告》《晨光新材 20 ...

江西晨光新材料股份有限公司董事会 网上集体接待日活动的公告 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。 为进一步加强与投资者的互动交流，江西晨光新材料股份有限公司（以下简 称"公司"）将参加由江西省上市公司协会举办的"2025 年江西辖区上市公司 投资者网上集体接待日活动"，现将相关事项公告如下： 证券代码：605399 证券简称：晨光新材 公告编号：2025-022 本次活动将采用网络远程的方式举行，投资者可登录"全景路演"网站 （http://rs.p5w.net），或关注微信公众号：全景财经，或下载全景路演 APP，参 与本次互动交流，活动时间为 2025 年 5 月 21 日（周三） 15:30-17:00。 届时公司董事会秘书梁秋鸿先生和财务总监陆建平先生将在线就公司 2024 年度业绩及 2025 年第一季度业绩、公司治理、发展战略、经营状况和可持续发 展等投资者关心的问题，与投资者进行沟通与交流，欢迎广大投资者踊跃参与！ 江西晨光新材料股份有限公司 特此公告。 关于参加江西辖区上市公司 2025 年投资者 2 ...

Core Viewpoint - The silane coupling agent industry in China is experiencing continuous growth, driven by the rapid development of downstream sectors such as composite materials, rubber, plastics, and coatings, with market size projected to reach 3.114 billion yuan by 2024 from 2.459 billion yuan in 2019 [1][11]. Industry Definition and Classification - Silane coupling agents are a class of organosilicon compounds with reactive functional groups at both ends, forming "molecular bridges" between inorganic and organic materials, significantly improving interfacial bonding performance [2]. Industry Chain Analysis - The silane coupling agent industry chain includes upstream raw material supply, midstream production, and downstream applications. Upstream provides key raw materials like silicon powder and chloropropene, while midstream focuses on synthesis and production through various methods. Downstream applications span rubber products, adhesives, coatings, plastics, and composite materials, enhancing mechanical properties and durability [4]. Development History - The development of China's silane coupling agent industry has gone through three stages: initiation in the late 1980s, growth in the 1990s to early 2000s, and maturity from the early 2000s to present, with a focus on technological innovation and sustainable development [6]. Current Industry Status - The market size of China's silane coupling agent industry is projected to grow at an annual rate of over 6% in the next five years, with significant production capacity improvements and a growing number of manufacturers in regions like East and South China [11]. Downstream Applications - The rubber industry dominates the application of silane coupling agents, accounting for 38% of usage, followed by composite materials at 27%, coatings and adhesives at 18%, and other sectors like plastics and textiles at 17% [13]. Key Enterprises Analysis - The competitive landscape of the silane coupling agent industry is diverse, with companies like Silan Technology focusing on various applications, Guotai Huaron on lithium battery materials, and Hongbo New Materials expanding into high-end products [15][17][19]. Future Development Trends - The industry is moving towards high-end development, with increased R&D investments aimed at producing high-performance silane coupling agents. The trend of import substitution is accelerating as domestic products improve in quality and performance, reducing reliance on foreign products [21][22]. Additionally, green and environmentally friendly practices are becoming crucial, with companies adopting sustainable production methods to meet regulatory and consumer demands [23].

Core Viewpoint - Jiangxi Morning Light New Materials Co., Ltd. reported a complex financial situation for the year 2024, with a slight decline in revenue and a significant drop in net profit, indicating challenges in market conditions and operational strategies [1][2][3]. Financial Performance Summary - Revenue for 2024 was 1,159.65 million yuan, a decrease of 0.42% from 1,164.56 million yuan in the previous year, primarily due to a decline in average sales prices [2]. - Net profit attributable to shareholders was 41.36 million yuan, down 59.14% from 101.23 million yuan, with a significant drop in net profit after excluding non-recurring gains and losses, which fell 84.64% [3][4]. - Basic earnings per share decreased to 0.13 yuan, a decline of 59.38% from 0.32 yuan, reflecting weakened profitability and reduced shareholder returns [4]. Expense Analysis - Sales expenses increased by 12.96% to 30.01 million yuan, driven by higher costs in industry certification services and employee compensation, indicating a focus on market expansion [5]. - Management expenses rose by 13.25% to 72.56 million yuan, attributed to increased costs related to new subsidiaries, suggesting a need for improved cost management [5]. - Research and development expenses decreased by 9.95% to 49.32 million yuan, raising concerns about the potential impact on long-term innovation capabilities [5][8]. Cash Flow Analysis - Net cash flow from operating activities was 40.36 million yuan, a significant decrease of 79.76% from 199.40 million yuan, indicating reduced cash generation capacity [6]. - Cash flow from investing activities was -995.82 million yuan, a substantial increase in investment expenditures, reflecting ongoing project developments but also raising funding pressures [6]. - Cash flow from financing activities was 214.36 million yuan, a turnaround from -24.48 million yuan in the previous year, indicating increased bank borrowings to support operations [6]. Research and Development Insights - R&D investment for 2024 was 49.32 million yuan, accounting for 4.25% of revenue, with 54 ongoing projects in key technology areas, although the slowdown in R&D spending may affect future competitiveness [8].

Group 1 - The company plans to provide guarantees for its controlling subsidiaries to support their operational needs and ensure stable business development, which aligns with the company's overall interests and development strategy [6][7] - The total amount of guarantees proposed by the company is 2.1 billion RMB, which accounts for 95.28% of the company's latest audited net assets [8] - The company has no overdue guarantees and does not provide guarantees to entities outside the consolidated financial statements [8] Group 2 - Ningxia Chenguang New Materials Co., Ltd. has total assets of 482.24 million RMB and total liabilities of 427.56 million RMB as of December 31, 2024, with a net profit of -34.49 million RMB for the year [1] - Anhui Chenguang New Materials Co., Ltd. has total assets of 716.18 million RMB and total liabilities of 545.86 million RMB as of December 31, 2024, with a net profit of -17.53 million RMB for the year [3][4] Group 3 - The company has established a fundraising management system to ensure compliance with regulations and protect investor interests, with a total of 605.36 million RMB raised from its initial public offering [11] - As of December 31, 2024, the balance of the raised funds was 354.96 million RMB, with 300 million RMB in fixed deposits [12] - The company has not used idle raised funds for temporary working capital or to repay bank loans during the reporting period [15][17] Group 4 - The company plans to distribute a cash dividend of 0.1 RMB per share, totaling approximately 31.34 million RMB, which represents a cash dividend ratio of 75.76% [42][46] - The profit distribution plan is subject to approval at the upcoming shareholders' meeting [44]

江西晨光新材料股份有限公司 关于召开2024年年度股东大会的通知 证券代码：605399 证券简称：晨光新材 公告编号：2025-009 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、 召开会议的基本情况 (一)股东大会类型和届次 2024年年度股东大会 (四)现场会议召开的日期、时间和地点 召开的日期时间：2025 年 6 月 5 日 14 点 00 分 召开地点：江西省九江市湖口县金砂湾工业园向阳路 8 号江西晨光新材料股 份有限公司会议室 股东大会召开日期：2025年6月5日 本次股东大会采用的网络投票系统：上海证券交易所股东大会网络投票 系统 (二)股东大会召集人：董事会 (三)投票方式：本次股东大会所采用的表决方式是现场投票和网络投票相结合的 方式 (五)网络投票的系统、起止日期和投票时间。 (六)融资融券、转融通、约定购回业务账户和沪股通投资者的投票程序 涉及融资融券、转融通业务、约定购回业务相关账户以及沪股通投资者的 投票，应按照《上海证券交易所上市公司自律监管指引第 1 号 — 规范运作》 ...