中信证券股份有限公司 关于浙江福莱新材料股份有限公司 不提前赎回"福新转债"的核查意见 中信证券股份有限公司（以下简称"中信证券"、"保荐人"）作为浙江福莱新材料 股份有限公司（以下简称"福莱新材"、"公司"）首次公开发行股票并上市、向不特定 对象发行可转换公司债券的保荐人，根据《中华人民共和国证券法》《证券发行上市保 荐业务管理办法》《上海证券交易所股票上市规则》《上市公司监管指引第 2 号——上市 公司募集资金管理和使用的监管要求》和《上海证券交易所上市公司自律监管指引第 11 号——持续督导》等相关法律、法规和规范性文件的规定，对福莱新材不提前赎回"福 新转债"事项进行了核查，核查具体情况如下： 一、可转债发行上市概况 （一）可转债发行情况 经中国证券监督管理委员会出具的《关于核准浙江福莱新材料股份有限公司公开发 行可转换公司债券的批复》（证监许可〔2022〕2891 号）的核准，公司于 2023 年 1 月 4 日公开发行了 429.018 万张可转换公司债券，每张面值 100 元，发行总额 42,901.80 万 元。 根据有关规定和《浙江福莱新材料股份有限公司公开发行可转换公司债券募集说明 书》（ ...

Investment Rating - The report maintains a "Buy" investment rating for the company [9] Core Insights - The company is transitioning from a single coating material provider to an integrated solution provider, covering upstream base films, adhesives, and downstream coating processes, which enhances its overall performance [5] - The traditional business segments, including inkjet printing materials, labels, and base film products, continue to provide stable cash flow, with revenue growth rates of 7.79%, 28.07%, and 111.33% respectively [5] - The new business segment of electronic-grade functional materials has also shown significant growth, with a revenue increase of 61.91% year-on-year [5] - The company has made progress in the production of flexible sensors, with successful installation and debugging of pilot production lines, indicating accelerated industrialization [6] - The company is a leader in the domestic BOPP segment, with a focus on accelerating the domestic substitution process in various fields [7][8] - The company’s profit forecast for 2025-2027 indicates net profits of 1.23 billion, 1.56 billion, and 2.19 billion yuan respectively, with corresponding PE ratios of 59.0, 46.6, and 33.3 times [9] Summary by Sections Market Performance - The company achieved total operating revenue of 2.541 billion yuan in 2024, a year-on-year increase of 19.23%, and a net profit of 139 million yuan, up 98.42% year-on-year [4] Investment Highlights - The company’s flexible sensor technology is based on flexible substrates, allowing for efficient pressure sensing on irregular surfaces, with ongoing research and development efforts leading to new patents and standards [6] - The functional base film materials are currently experiencing a negative gross margin due to high costs during the ramp-up phase of new production lines, but improvements are expected as production stabilizes [8] Profit Forecast - The company’s projected main operating income for 2025 is 3.209 billion yuan, with a growth rate of 26.3% [11]

Investment Rating - The report maintains a "Buy" investment rating for the company [9] Core Views - The company is transitioning from a single coating material provider to an integrated solution provider, covering upstream base films, adhesives, and downstream coating processes, which enhances its overall business performance [5] - The traditional business segments, including inkjet printing materials, labels, and base films, continue to provide stable cash flow, with revenue growth rates of 7.79%, 28.07%, and 111.33% respectively [5] - The new business segment of electronic-grade functional materials is also growing steadily, with a revenue increase of 61.91% year-on-year [5] - The company has made significant progress in the production of flexible sensors, with successful installation and commissioning of pilot production lines, indicating accelerated industrialization [6] - The company is a leader in the domestic BOPP segment, with a high level of technology maturity and market recognition, and is actively promoting domestic substitution in various fields [7][8] - The company's profit forecast for 2025-2027 indicates a net profit of 1.23 billion, 1.56 billion, and 2.19 billion yuan respectively, with corresponding PE ratios of 59.0, 46.6, and 33.3 times [9] Summary by Sections Market Performance - The company achieved total operating revenue of 2.541 billion yuan in 2024, a year-on-year increase of 19.23%, and a net profit of 139 million yuan, up 98.42% year-on-year [4] Investment Highlights - The company is enhancing its integrated industrial layout, with traditional and emerging businesses growing in tandem [5] - The flexible sensor production is progressing well, with pilot production lines operational and small batch orders completed [6] - The company is focusing on R&D, with new standards and patents being developed to address industry challenges [6] Profit Forecast - The company is expected to see a decline in net profit in 2025, followed by growth in subsequent years, indicating a potential recovery trajectory [11]

| 证券代码：605488 | 证券简称：福莱新材 | 公告编号：临 | 2025-058 | | --- | --- | --- | --- | | 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 关于"福新转债"预计满足赎回条件的提示性公告 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： 根据有关规定和《募集说明书》的相关约定，公司本次发行的"福新转债"自 2023 年 7 月 10 日起可转换为公司股份。初始转股价格为人民币 14.02 元/股，最 新转股价格为人民币 13.46 元/股，相关可转债转股价格调整事项详见公司披露于 上海证券交易所网站（www.sse.com.cn）及指定信息披露媒体的公告。 二、"福新转债"赎回条款与预计触发情况 浙江福莱新材料股份有限公司（以下简称"公司"）股票自 2025 年 3 月 25 日至 2025 年 4 月 8 日，已有 10 个交易日的收盘价格不低于"福新转债"当期转股 价格 13.46 元/股的 130%（即 17. ...

中信证券股份有限公司 关于浙江福莱新材料股份有限公司 （二）保荐代表人 张宇杰、孙琦 （三）现场检查人员 张宇杰、符林其 2024 年持续督导工作现场检查报告 上海证券交易所： 根据《上海证券交易所上市公司自律监管指引第 11 号——持续督导》等有关法律、 法规的规定，中信证券股份有限公司（以下简称"中信证券"或"保荐人"）作为正在 对浙江福莱新材料股份有限公司（以下简称"福莱新材"、"上市公司"、"公司"）进行 持续督导工作的保荐人，对 2024 年度（以下简称"本持续督导期间"）的规范运作情况 进行了现场检查，现就现场检查的有关情况报告如下： 一、本次现场检查的基本情况 （一）保荐人 中信证券股份有限公司 （四）现场检查时间 现场检查时间为：2025 年 2 月 28 日，2025 年 3 月 31 日。 （五）现场检查内容 现场检查人员对本持续督导期内发行人公司治理和内部控制情况、信息披露情况、 公司的独立性以及与控股股东、实际控制人及其他关联方资金往来情况、募集资金使用 情况、关联交易、对外担保、重大对外投资情况、经营状况等方面进行了现场检查，具 1 体检查内容详见本报告"二、本次现场检查主要事项及意 ...

中信证券股份有限公司关于 浙江福莱新材料股份有限公司 首次公开发行股票并上市及向不特定对象发行可转换公司债券 持续督导保荐总结报告书 | | | | 公司名称 | 浙江福莱新材料股份有限公司（以下简称"福莱新材"或"公司"） | | | --- | --- | --- | | 股票代码 | 605488.SH | | | 转债代码 | 111012.SH | | | 法定代表人 | 夏厚君 | | | 上市交易所 | 上海证券交易所 | | | 成立日期 | 2009 年 6 8 日 | 月 | | 上市日期 | 年 日 2021 5 13 | 月 | | 注册地址 | 浙江省嘉兴市嘉善县姚庄镇银河路 号 17 | | | 办公地址 | 浙江省嘉兴市嘉善县姚庄镇利群路 269 号 | | | 统一社会信用代码 | 913304216899850991 | | 一、发行人基本情况 二、本次发行情况概述 经中国证券监督管理委员会《关于核准浙江福莱新材料股份有限公司首次公 开发行股票的批复》（证监许可〔2021〕1315 号）核准，公司向社会公开发行 人民币普通股（A 股）3,000.00 万股，每股面值人民币 1 ...

中信证券股份有限公司 关于浙江福莱新材料股份有限公司 经中国证券监督管理委员会《关于核准浙江福莱新材料股份有限公司公开发行可转 换公司债券的批复》（证监许可[2022]2891 号）核准，核准公司向社会公开发行了 429.018 万张 A 股可转换公司债券（以下简称"可转债"），每张面值 100 元，发行价格为 100 元/张，发行总额 42,901.80 万元，期限 6 年，共计募集资金总额为 42,901.80 万元，减 除发行费用人民币 1,312.31 万元（不含税）后，募集资金净额为 41,589.49 万元。上述 募集资金已于 2023 年 1 月 10 日全部划至公司募集资金监管账户，天健会计师事务所（特 殊普通合伙）对浙江福莱新材料股份有限公司公开发行可转换公司债券的资金到账情况 进行了审验，并出具《验资报告》（天健验〔2023〕12 号）验证，确认本次募集资金 已到账。2023 年 2 月 7 日，公司的可转换公司债券在上海证券交易所上市。 根据《证券发行上市保荐业务管理办法》、《上海证券交易所上市公司自律监管指 引第 11 号——持续督导》等相关法规和规范性文件的要求，中信证券履行持续督导 ...

Group 1 - The core viewpoint of the report indicates steady revenue growth in the main business of the company, with a focus on flexible sensors to create a second growth curve [4][5][6] - The company achieved a revenue of 2.54 billion yuan in 2024, a year-on-year increase of 19.23%, and a net profit of 139 million yuan, up 98.42% year-on-year [4][5] - The company is transitioning from a single coating material provider to an integrated solution provider, enhancing revenue across various business segments [5][6] Group 2 - The report highlights that Lululemon's North American market growth is weak, with a revenue of 3.6 billion USD in FY2024Q4, a year-on-year increase of 13% [9][10] - The company expects a low to mid-single-digit revenue growth in North America for FY2025, with challenges from economic concerns affecting consumer traffic [11][12] - In contrast, the Chinese market showed strong growth, with a revenue increase of 48% year-on-year, indicating a robust performance in that region [11][12] Group 3 - The report on Tongyi Zhong indicates that the company achieved a revenue of 649 million yuan in 2024, a year-on-year increase of 1.4%, but net profit decreased by 15.2% [15][16] - The company reported a significant increase in production and sales volumes, with historical highs in major product categories [17][18] - The company is expanding into the aramid fiber sector, aiming to create dual growth drivers [15][21] Group 4 - Xiamen International Trade's report emphasizes its focus on supply chain management, with a strategy to navigate through commodity cycles [28][29] - The company has divested from real estate and financial services to concentrate on its core supply chain business, which includes metals, energy, and agriculture [29][30] - The report projects revenue for 2024 to 2026 at 389.05 billion yuan, 404.61 billion yuan, and 418.84 billion yuan, respectively, with a focus on maintaining a high dividend yield [32] Group 5 - The report on Bawang Tea indicates that it leads the high-end tea beverage market with 6,440 stores, achieving a GMV of 10.8 billion yuan in 2023 [33][34] - The company is benefiting from a growing market for high-end tea beverages, with a projected market size increase from 4.748 trillion yuan in 2019 to 8.189 trillion yuan in 2024 [34][35] - Bawang Tea's strategy focuses on a limited number of new products while optimizing supply chain efficiency, resulting in a gross margin of 51.5% [35] Group 6 - Aikodi's report shows a revenue of 6.746 billion yuan in 2024, a year-on-year increase of 13.24%, with a net profit of 940 million yuan [36][37] - The company is expanding its global footprint with new production bases in Malaysia and Mexico, enhancing its supply chain stability [39][40] - The report anticipates continued revenue growth driven by new product lines and market expansion, projecting revenues of 7.9 billion yuan in 2025 [40] Group 7 - Longxing Technology's report indicates a revenue of 4.355 billion yuan in 2024, with a net profit increase of 28.7% [41][42] - The company is expanding its production capacity with new projects and acquisitions, aiming to increase its market share in the carbon black industry [46] - The report highlights a significant improvement in gross margin, reaching 13.01% in Q4 2024, driven by operational efficiencies [45][46]

登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：605488 证券简称：福莱新材 公告编号：临2025-057 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 董事、高级管理人员集中竞价减持股份计划公告 本公司董事会、全体董事及相关股东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： ● 董事、高级管理人员持股的基本情况 浙江福莱新材料股份有限公司（以下简称"公司"）董事涂大记先生持有公司股份11,745,000股，约占公 司总股本的5.832%；董事、高级管理人员李耀邦先生持有公司股份972,000股，约占公司总股本的 0.483%；董事、高级管理人员聂胜先生持有公司股份419,600股，约占公司总股本的0.208%；高级管理 人员毕立林先生持有公司股份296,400股，约占公司总股本的0.147%。（因公司可转债处于转股期，股 本总数持续变化，本公告中的持股比例根据公司2025年4月2日总股本201,395,634股计算得出）。 ● 减持计划的主要内容 涂大记先生、李耀邦先生、聂胜先生和毕立林先 ...

| 证券代码：605488 | 证券简称：福莱新材 | 公告编号：临 | 2025-057 | | --- | --- | --- | --- | | 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 若计划减持期间公司有派息、送股、公积金转增股本、配股等情况的，对上 述减持数量和减持价格根据除权除息情况进行相应调整。 | 股东名称 | 涂大记 | | | --- | --- | --- | | 股东身份 | 控股股东、实控人及一致行动人 | □是 √否 | 董事、高级管理人员集中竞价减持股份计划公告 本公司董事会、全体董事及相关股东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： 董事、高级管理人员持股的基本情况 浙江福莱新材料股份有限公司（以下简称"公司"）董事涂大记先生持有公司 股份 11,745,000 股，约占公司总股本的 5.832%；董事、高级管理人员李耀邦先 生持有公司股份 972,000 股，约占公司总股本的 0.483%；董事、高级管理人员聂 胜先生持有公司股份 419,600 ...