Summary of Key Points Core Viewpoint The report provides an overview of the fundraising activities and the utilization of funds by Zhejiang Fulai New Materials Co., Ltd. as of June 30, 2025, confirming compliance with regulatory requirements and detailing the financial status of previous fundraising efforts. Group 1: Fundraising Overview - The company raised a total of RMB 612.90 million from its initial public offering (IPO) in 2021, with a net amount of RMB 530.63 million after deducting underwriting fees and other expenses [4][5]. - In 2023, the company issued convertible bonds, raising RMB 429.02 million, with a net amount of RMB 415.95 million after expenses [6][9]. Group 2: Fund Utilization - As of June 30, 2025, the company has utilized RMB 504.07 million of the raised funds, with RMB 12.65 million remaining in bank accounts [5][10]. - The company temporarily used RMB 50 million of idle funds to supplement working capital [20][24]. Group 3: Changes in Fund Allocation - The company approved changes to the allocation of funds for the "Functional Coating Composite Material Production Base and R&D Center Headquarters" project, reallocating 37.69% of the total funds raised [11]. - The company also transferred assets and liabilities from its subsidiary to optimize its organizational structure and improve operational efficiency [12]. Group 4: Financial Performance and Returns - The company reported a total interest income and returns from structured deposits amounting to RMB 2.47 million from the IPO funds [5][10]. - The actual investment in the "New Environmental Pre-coating Functional Material Construction Project" was RMB 31.23 million, which is lower than the committed amount due to market conditions and project delays [15][18]. Group 5: Idle Fund Management - The company has engaged in cash management by investing idle funds in low-risk, short-term financial products, achieving returns of RMB 1.06 million in 2021 and RMB 0.166 million in 2022 [20][22]. - As of June 30, 2025, all structured deposit products purchased with idle funds have been redeemed [25].

Core Viewpoint - Zhejiang Fulai New Material Co., Ltd. plans to issue A-shares to specific investors to raise up to 710 million yuan for expanding production capacity in label printing materials, upgrading electronic-grade functional materials, enhancing the R&D center, and supplementing working capital [1][5][6]. Group 1: Background and Purpose of the Issuance - The functional coating composite materials industry has been encouraged by various government policies, leading to significant market potential and growth opportunities [2][4]. - The label printing industry in China has experienced rapid growth, with the production of self-adhesive labels increasing from 7.1 billion square meters in 2019 to 9.7 billion square meters in 2023, representing a compound annual growth rate of 8.11% [2]. - The company aims to leverage its integrated production capabilities and expand its market share in both domestic and international markets, particularly in the electronic-grade functional materials sector [4][5]. Group 2: Financial Impact and Measures - The issuance is expected to dilute the immediate returns for existing shareholders, with projections indicating a decrease in earnings per share under various profit growth scenarios [16][17]. - The company has committed to measures to mitigate the dilution of immediate returns, including strict management of raised funds and enhancing operational efficiency [19][20][21]. Group 3: Issuance Details - The issuance will involve up to 35 specific investors, including qualified institutional investors and asset management companies, ensuring compliance with regulatory requirements [8][10]. - The pricing of the shares will be based on the average trading price over the 20 trading days prior to the issuance date, ensuring fairness in the pricing process [9][10]. Group 4: Conclusion - The issuance plan is deemed necessary and feasible, aligning with the company's strategic goals for sustainable growth and enhanced competitiveness in the market [21].

Core Viewpoint - Zhejiang Fulai New Material Co., Ltd. plans to issue A-shares to specific investors to raise funds for expanding production capacity and enhancing competitiveness in the functional coating composite materials industry, which is supported by government policies and market demand [9][10][11]. Group 1: Company Overview - Company Name: Zhejiang Fulai New Material Co., Ltd. - Registered Capital: RMB 201,395,263 [9] - Stock Code: 605488, Listed on Shanghai Stock Exchange [10]. Group 2: Background and Purpose of the Issuance - The issuance is driven by the rapid growth of the functional coating composite materials industry, supported by national policies such as the "14th Five-Year Plan for the Development of Raw Materials Industry" [10][11]. - The company aims to leverage its integrated production capabilities to enhance market share and drive revenue growth in the label printing and electronic-grade functional materials sectors [14][15]. Group 3: Issuance Details - The total amount to be raised is not exceeding RMB 71,000 million, with a maximum issuance of 84,062,775 shares, which is 30% of the company's total share capital prior to the issuance [19][18]. - The issuance will be conducted after obtaining approvals from the shareholders' meeting, the Shanghai Stock Exchange, and the China Securities Regulatory Commission [22]. Group 4: Use of Proceeds - The raised funds will be allocated to projects including the expansion of label printing materials production capacity and the upgrade of electronic-grade functional materials production lines [24][30]. - The label printing materials project aims to increase annual production capacity by approximately 77.3 million square meters, while the electronic-grade functional materials project will add about 3.7 million square meters of capacity [24][30]. Group 5: Market Trends and Opportunities - The label printing industry in China has seen a compound annual growth rate (CAGR) of 8.11% from 2019 to 2023, with the market size expected to continue growing [11][25]. - The electronic-grade functional materials market is also expanding, driven by the growth in consumer electronics and automotive sectors, with significant increases in smartphone and electric vehicle sales projected for 2025 [12][30].

Core Viewpoint - The company plans to issue A-shares to specific investors, which may dilute immediate returns, but it has proposed measures to compensate for this dilution and has received commitments from relevant parties to ensure these measures are implemented [1][2][6]. Financial Impact Analysis - The company estimates that the total number of shares will increase from 28,020.93 million to 30,665.25 million after the issuance, leading to a decrease in net profit attributable to shareholders from 10,186.96 million to 9,168.27 million [4][5]. - Basic earnings per share are projected to decline from 0.36 to 0.31, and diluted earnings per share are expected to decrease from 0.36 to 0.31 under the first assumption [4][5]. - Under different performance scenarios for 2026, the net profit could remain stable or increase, affecting earnings per share positively or negatively [5]. Necessity and Reasonableness of Fundraising - The fundraising project aligns with national policies and the company's strategic needs, promising good market prospects and potential returns [6][7]. - The increase in total assets and net assets post-issuance is expected to enhance the company's financial strength and reduce financial risks [6]. Business Relationship and Market Position - The company operates in the label printing materials and electronic functional materials sectors, which are experiencing significant growth due to market demand for high-performance, eco-friendly solutions [8][9]. - The electronic functional materials segment has seen revenue growth of 61.91% in 2024 and 28.02% in the first half of 2025, indicating a strong market position and growth potential [8]. Measures to Mitigate Dilution of Immediate Returns - The company will implement strict management of the raised funds to ensure they are used effectively and for designated projects [11][12]. - Operational efficiency will be enhanced through improved internal management and cost reduction strategies [12]. - The company plans to refine its profit distribution policy to ensure stable returns for investors, particularly small shareholders [12]. Commitments from Relevant Parties - The company's board and senior management have committed to ensuring the effectiveness of the measures to compensate for the dilution of immediate returns [13]. - The controlling shareholder has also made commitments to uphold the interests of the company and its investors [13].

Core Viewpoint - The company plans to raise up to RMB 71 million through a private placement of A-shares to enhance its research and development capabilities, upgrade product technology, and strengthen core business competitiveness in the rapidly growing label and consumer electronics industries [1][15]. Fundraising Plan - The total investment for the projects funded by the raised capital is RMB 840.84 million, with the net amount after deducting issuance costs intended for specific projects [1]. - The company will initially use its own funds or other means to invest in projects before the raised funds are available, and will adjust the investment projects based on the actual amount raised [1]. Investment Projects Overview Label Printing Materials Expansion Project - The project aims to build a new production line for label printing materials in Jiaxing, Zhejiang, with an expected annual capacity increase of approximately 773 million square meters [2]. - The total investment for this project is RMB 289.33 million, with RMB 243.20 million sourced from the raised funds [2]. - The project aligns with industry trends and aims to meet the growing market demand driven by sectors such as daily chemicals, food and beverage, pharmaceuticals, and e-commerce [2][4]. Electronic-grade Functional Materials Expansion Project - This project will establish a new production line for electronic-grade functional materials, adding an annual capacity of about 37 million square meters [7]. - The total investment is RMB 277.94 million, with RMB 220.50 million from the raised funds [7]. - The project targets the expanding global consumer electronics and automotive electronics markets, particularly in flexible OLED displays and new energy vehicles [7][8]. R&D Center Upgrade Project - The project involves upgrading the R&D center with advanced equipment and cleanroom facilities, with a total investment of RMB 63.57 million and RMB 36.30 million from the raised funds [9]. - This upgrade aims to enhance the company's innovation capabilities and support the development of high-value-added products in response to increasing market demands [10][11]. Working Capital Supplement - The company plans to use part of the raised funds to supplement working capital, which is essential for supporting ongoing business expansion and R&D investments [12][13]. - The company has maintained stable revenue growth, and the additional funds will help optimize its capital structure and enhance financial stability [12][15]. Market Outlook - The global label printing market is projected to grow from USD 46.14 billion in 2023 to USD 64.01 billion by 2028, indicating a strong market potential [3]. - The domestic self-adhesive label market in China is expected to exceed RMB 60 billion by 2031, driven by the increasing penetration of film labels in various applications [3][4]. - The company has seen significant revenue growth in its label printing materials, with projected revenues of RMB 675 million and RMB 402 million for 2024 and the first half of 2025, respectively, reflecting year-on-year growth rates of 23.53% and 27.83% [5]. Competitive Advantages - The company has established a strong brand presence and technical expertise in multi-functional coating composite materials, which enhances its competitive edge in the market [6][8]. - The company has received multiple awards and recognitions, including being named a "Global Innovation Supplier" by Avery Dennison, which bolsters its reputation in the industry [6]. Conclusion - The fundraising and investment projects are aligned with national industrial policies and the company's strategic development goals, aimed at enhancing competitiveness and ensuring sustainable growth [14][15].

Group 1 - The company, Fulaixin Material (605488.SH), announced a plan to issue A-shares to raise up to RMB 7.1 billion for four projects, including expansion of label printing materials and electronic-grade functional materials [1][2] - The projects funded by the raised capital include: RMB 243 million for label printing materials expansion, RMB 221 million for electronic-grade functional materials upgrade, RMB 36.3 million for R&D center upgrade, and RMB 210 million for working capital [1] - The proposal has been approved by the company's board but requires further approval from shareholders, the Shanghai Stock Exchange, and the China Securities Regulatory Commission [1][2] Group 2 - The company has not included the "electronic skin" project in the current fundraising plan, although it has established a pilot line for flexible sensors and plans to enhance product performance [2] - As of August 29, 2025, the controlling shareholder, Xia Houjun, holds 50.35% of the company’s shares, and the upcoming issuance will reduce his control percentage but will not change the control of the company [2] - The stock price of Fulaixin Material has seen significant volatility, with a 259.82% increase from December 24, 2024, to February 21, 2025, followed by a decline of 46.84% from a peak of RMB 62.83 to RMB 33.4 as of September 2 [2][3] Group 3 - In the first half of the year, the company reported revenue of RMB 1.334 billion, a year-on-year increase of 15.4%, but net profit attributable to shareholders fell by 19.58% to approximately RMB 50.93 million, indicating a situation of "increased revenue but decreased profit" [3]

证券日报网讯 9月2日晚间，福莱新材发布公告称，公司第三届董事会第十七次会议审议通过了《关于 公司符合向特定对象发行A股股票条件的议案》等多项议案。 （文章来源：证券日报） ...

Fundraising and Storage Situation - The company raised a total of RMB 61,290.00 million from its initial public offering (IPO) in 2021, with a net amount of RMB 53,063.13 million after deducting fees [1][2] - As of June 30, 2025, the remaining balance of the previous fundraising is RMB 126.49 million, with RMB 5,000.00 million used for working capital [1][2] - The company raised RMB 42,901.80 million from the issuance of convertible bonds in 2023, with a net amount of RMB 41,589.49 million after deducting fees [1][2] Fund Usage - The company has utilized RMB 50,406.72 million of the funds raised from the 2021 IPO, with a remaining balance of RMB 5,126.49 million, accounting for 9.66% of the net amount [1][12] - The company plans to continue using the remaining funds for investment projects [12] - The company has used RMB 31,225.80 million of the funds raised from the 2023 convertible bond issuance, with a remaining balance of RMB 11,747.47 million, accounting for 28.25% of the net amount [12] Changes in Fund Usage - The company has approved a change in the use of RMB 20,000.00 million from the 2021 IPO funds to invest in a new materials project in Yantai, which represents 37.69% of the total funds raised [1][2] - The company has also approved changes to the implementation location and extended the deadline for the "New Environmental Pre-coating Functional Materials Construction Project" funded by the 2023 convertible bonds [1][2] Investment Efficiency and Returns - The actual investment amount for the "Functional Coating Composite Material Production Base and R&D Center Headquarters" project is RMB 50,406.72 million, with a shortfall of RMB 2,656.41 million compared to the committed amount due to interest income and bank fees [5] - The "New Environmental Pre-coating Functional Materials Construction Project" has an actual investment of RMB 31,225.80 million, with a shortfall of RMB 10,363.69 million as the project is still under construction [5] Idle Fund Management - The company has used idle funds from the 2021 IPO to temporarily supplement working capital, amounting to RMB 5,000 million [7][10] - The company has also engaged in financial management of idle funds, purchasing low-risk, short-term financial products, with a total of RMB 53,500.00 million in structured deposits and RMB 1,064.91 million in returns in 2021 [8][9]

证券日报网讯9月2日晚间，福莱新材（605488）发布公告称，公司将于2025年9月29日召开2025年第三 次临时股东会。本次股东会将审议《关于公司符合向特定对象发行A股股票条件的议案》等多项议案。 ...

根据中国证券监督管理委员会《监管规则适用指引——发行类第 7 号》的规 定，将浙江福莱新材料股份有限公司（以下简称"公司"或"本公司"）截至 2025 年 6 月 30 日的前次募集资金使用情况报告如下： 一、前次募集资金的募集及存放情况 (一) 2021 年首次公开发行股票募集资金 1. 前次募集资金的数额、资金到账时间 | 证券代码：605488 | 证券简称：福莱新材 | 公告编号：临 | 2025-118 | | --- | --- | --- | --- | | 债券代码：111012 | 债券简称：福新转债 | | | 浙江福莱新材料股份有限公司 前次募集资金使用情况的专项报告 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。 [注]初始存放金额与前次发行募集资金净额差异为 3,226.87 万元，系募集资 金专户存放金额包含尚未划转的发行费用,合计 3,226.87 万元。 公司前次募集资金净额为 53,063.13 万元，截至 2025 年 6 月 30 日，公司累 计收到的银行存款利息、结构性存款收益、扣除银行 ...