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1、2025 年 3 月 27 日，公司取得了吴江经济技术开发区管理委员会下发的 《建筑工程施工许可证》，施工许可编号：320509202503270301，工程名称：高 性能光学胶膜材项目-桩基工程。 2、2025 年 7 月 18 日，公司与吴江市中泰建筑工程有限公司签署了《建设 工程施工合同》，工程名称：高性能光学胶膜材项目（不含桩基），工程承包范围： 高性能光学胶膜材项目施工总承包。上述事项不构成关联交易，亦不构成《上市 公司重大资产重组管理办法》规定的重大资产重组。 证券代码：688093 证券简称：世华科技 公告编号：2025-031 苏州世华新材料科技股份有限公司 关于公司对外投资进展的自愿性披露公告 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、准确性和完整性依法承担法律责任。 一、对外投资概述 苏州世华新材料科技股份有限公司（以下简称"公司"）于 2024 年 12 月 5 日召开第三届董事会第四次会议、第三届监事会第四次会议、于 2024 年 12 月 24 日召开 2024 年第四次临时股东大会，审议通过了《关于对外投资的议案》， ...

Group 1 - The stock of Shihua Technology (688093) has a comprehensive score of 61.75, indicating a strong performance [1] - The main cost analysis shows that the current main cost is 30.50 CNY, with a 5-day main cost of 30.93 CNY, a 20-day main cost of 29.69 CNY, and a 60-day main cost of 26.99 CNY [1] - Over the past year, the stock has experienced one limit-up and no limit-down events [1] Group 2 - The short-term resistance level is at 32.43 CNY, while the short-term support level is at 30.58 CNY [2] - The stock price has broken through the short-term support level, suggesting a cautious approach in the short term; the medium-term trend remains unclear [2] - The K-line pattern indicates a "Double Flying Crows," suggesting a potential market peak and subsequent decline [2] Group 3 - On July 10, 2025, the net outflow of main funds was 16.44 million CNY, accounting for 16% of the total transaction volume [2] - The net outflow from large orders was 12.43 million CNY, while the net outflow from retail investors was 3.47 million CNY [2] - Related industry sectors such as electronic components, OLED, and Apple concepts experienced slight declines of -1.02%, -0.19%, and -0.23% respectively [2]

Group 1: Market Dynamics - As of July 7, 2025, there were 20 new private placement projects added in the last two weeks, a 10.00% increase from the previous period[7] - The approval rate for projects was 100.00%, with 7 projects approved by the review committee, an increase of 133.33%[17] - The total number of projects under normal review is 609, with 58 projects having received approval from the review committee and the CSRC, remaining stable[7] Group 2: Fundraising and Pricing - The total fundraising amount for 8 projects listed in the last two weeks was 116.52 billion yuan, a decrease of 59.43% from the previous period[32] - The average market price discount rate for competitive projects was 14.61%, down 3.77 percentage points[32] - The average subscription success rate for competitive projects was 66.40%, an increase of 8.81 percentage points[40] Group 3: Unlocking Gains - Among the 5 competitive projects that were unlocked, 80.00% had positive returns, an increase of 13.33 percentage points[45] - The average absolute return on the unlocking day was 22.18%, with an excess return of 18.90%, both showing significant increases[45] - The average market price discount rate for unlocked projects was 15.56%, up 2.27 percentage points[45]

Core Viewpoint - Shihua Technology (688093.SH) is accelerating its expansion in the functional materials sector, particularly in optical display film materials, with plans to raise up to 600 million yuan through a private placement to fund this expansion [1][2][4]. Group 1: Company Overview - Shihua Technology was established in 2010 and went public on the Shanghai Stock Exchange's Sci-Tech Innovation Board in September 2020, focusing on the research, production, and sales of functional materials [1][4]. - The company is recognized as a national-level "little giant" enterprise and a national high-tech enterprise, with products widely used in consumer electronics, wearable devices, new energy, and automotive sectors [4][5]. Group 2: Financial Performance - In 2024, Shihua Technology achieved a revenue of 795 million yuan, a year-on-year increase of 55.36%, and a net profit of 280 million yuan, up 44.56%, both reaching historical highs [5][6]. - As of the first quarter of 2025, the company reported cash holdings of 209 million yuan and total assets of 2.183 billion yuan, marking a historical peak, with a total liability of 138 million yuan and a debt-to-asset ratio of only 6.3% [1][6]. Group 3: Expansion Plans - The company plans to invest approximately 740 million yuan in the optical display film materials expansion project, which will focus on producing key optical films such as polarizer protective films, OLED process protective films, and OCA optical adhesive films [2][3]. - The project aims to add 21 million square meters of polarizer protective film capacity, 2 million square meters of OLED process protective film capacity, and 4 million square meters of OCA optical adhesive film capacity, with an expected annual revenue of 1.392 billion yuan once fully operational [3]. Group 4: Market Position and Strategy - Shihua Technology aims to reduce reliance on international suppliers, as the optical film materials market is currently dominated by companies like 3M, LG Chem, and others [2][3]. - The company has made significant technological breakthroughs in the optical film materials sector and is focusing on expanding its production capacity to seize market opportunities [3][6].

Core Viewpoint - The company, Shihua Technology, has announced its plan to issue shares to specific investors, pending approval from the China Securities Regulatory Commission (CSRC) [1] Group 1: Share Issuance Details - The total amount of funds to be raised from the share issuance is not to exceed 600 million yuan (approximately 60 million) [1][2] - The net proceeds from the issuance will be used for the optical display film material expansion project [1][2] - The issuance will involve no more than 35 specific investors, including qualified institutional investors and other eligible entities [2][3] Group 2: Shareholder Structure and Control - The maximum number of shares to be issued is 78,789,393, which will not exceed 30% of the company's total share capital prior to the issuance [3][4] - The current controlling shareholders, including Gu Zhengqing and his associates, collectively control 71.27% of the voting rights [3][4] - Post-issuance, if the maximum number of shares is issued and assuming no participation from the current controlling shareholders, their voting rights would decrease to 54.82%, but they would still maintain control [4] Group 3: Regulatory and Procedural Aspects - The issuance price will be set at no less than 80% of the average trading price over the 20 trading days prior to the pricing date [3] - The company will disclose further information regarding the issuance process and any potential related party transactions after the issuance is completed [2][3] - The lead underwriter for this issuance is Huatai United Securities Co., Ltd. [4]

Key Developments - China Merchants Bank has received approval from the National Financial Regulatory Administration to establish a wholly-owned subsidiary, China Merchants Financial Asset Investment Co., with a registered capital of 15 billion yuan, aimed at enhancing its comprehensive operational capabilities and supporting high-quality development [2] - China National Nuclear Power reported a 15.65% year-on-year increase in electricity generation for the first half of 2025, totaling 121.776 billion kWh, with nuclear power contributing 99.861 billion kWh, up 12.01% [3] - Vanke A has applied for a loan of up to 6.249 billion yuan from its largest shareholder, Shenzhen Metro Group, to repay bond principal and interest, with a loan term of no more than 3 years [5] - Suzhou Shihua New Materials Technology's non-public stock issuance has been approved, aiming to raise 600 million yuan [6] - Northern International's application for a specific stock issuance has been accepted by the Shenzhen Stock Exchange, pending further regulatory approval [7] - Hosheng Silicon Industry's controlling shareholder plans to exchange up to 1% of its shares for ETF units to support market development [9] - Wealth Trend's actual controller plans to reduce his stake by up to 3%, equating to 768,340 shares [10] - Xintai Life Insurance has acquired 5% of Hualing Steel's shares through the secondary market, reflecting confidence in the company's future [11] - Nuotai Bio expects a net profit increase of 32.06% to 45.27% for the first half of 2025, driven by strong sales of peptide raw materials [12] - Changling Hydraulic's controlling shareholders are planning a potential change in control, leading to a temporary suspension of trading [13] - Aerospace Chengtong has regained its qualification to participate in military procurement activities, which is expected to positively impact its operations [14] - Keren Co.'s deputy general manager and board secretary has resigned for personal reasons [15] - China Power Construction has signed a contract worth approximately 5.063 billion yuan for a bauxite mining and transportation project in Guinea [17]

苏州世华新材料科技股份有限公司（以下简称"公司"）于 2025 年 7 月 3 日 收到上海证券交易所出具的《关于苏州世华新材料科技股份有限公司向特定对象 发行股票的交易所审核意见》，具体意见如下： "苏州世华新材料科技股份有限公司向特定对象发行股票申请符合发行条 件、上市条件和信息披露要求。本所将在收到你公司申请文件后提交中国证监会 注册。" 公司本次向特定对象发行股票事项尚需获得中国证监会同意注册的决定后 方可实施，最终能否获得中国证监会同意注册的决定及其时间尚存在不确定性。 公司将根据该事项的进展情况及时履行信息披露义务，敬请广大投资者注意投资 风险。 特此公告。 苏州世华新材料科技股份有限公司董事会 2025 年 7 月 4 日 证券代码：688093 证券简称：世华科技 公告编号：2025-030 苏州世华新材料科技股份有限公司 关于向特定对象发行股票申请 获得上海证券交易所审核通过的公告 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、准确性和完整性依法承担法律责任。 ...

Group 1: 瑞迈特 (Raimate) - Raimate, established in 2001, focuses on comprehensive treatment solutions for OSA and COPD patients, and is a leading domestic manufacturer of non-invasive ventilators and masks [1] - The company has achieved significant localization of core components, ensuring supply chain security and control [1] - With two production facilities in Dongguan and Tianjin Wuqing, the company can dynamically adjust production capacity based on market demand [1] - The rebranding to "Raimate" has enhanced brand strength and capital momentum [1] - The domestic business performed well in Q1, attributed to the recruitment of experienced consumer marketing experts and adjustments in channel and sales policies [1] - As an export-oriented enterprise, Raimate has entered multiple international healthcare markets, including the US, Germany, and the UK [1] Group 2: 世华科技 (Shihua Technology) - Shihua Technology specializes in functional electronic materials and high-performance optical materials, covering a variety of functional characteristics [2] - The company is progressing well in multiple projects aimed at increasing capacity and technological advancement, including expansion and upgrade of functional materials and innovation center projects [2] - The gross margin may fluctuate due to business structure adjustments, but the optical materials market has significant potential for growth, especially in domestic substitution [2] - The company is actively developing materials related to foldable screens and AI technology [2] - The refinancing project is progressing smoothly, with some products already in mass production or small-scale sales [2] - Shihua Technology is confident in its future development, aiming to establish a product structure centered around high-performance optical materials, functional electronic materials, and functional adhesives [2] Group 3: 敦和资产管理有限公司 (Dunhe Asset Management) - Dunhe Asset Management, established on March 2, 2011, is a domestic macro private equity fund company focused on investments in domestic and international capital markets [3] - The company has developed a multi-asset allocation strategy driven by fundamentals, utilizing various tools such as stocks, bonds, commodities, and derivatives [3] - Dunhe Asset Management has established a comprehensive operational support system, including research, system construction, market sales, compliance, risk control, human resources, and financial support [3] - The company's asset management scale exceeds 40 billion RMB, ranking among the top in the private equity securities investment fund industry [3]

Core Viewpoint - The company, Shihua Technology (688093), has shown strong growth in revenue and net profit for 2024 and Q1 2025, driven by its functional electronic materials and high-performance optical materials [2][12]. Financial Performance - In 2024, the company achieved revenue of 795 million yuan and a net profit of 280 million yuan, representing year-on-year growth of 55.36% and 44.56% respectively [2]. - For Q1 2025, the company reported revenue of 256 million yuan and a net profit of 87 million yuan, with year-on-year growth of 92.04% and 111.23% respectively [2][12]. - The gross profit margin for Q1 2025 was 52.6% [12]. Product Overview - The main products include functional electronic materials and high-performance optical materials, which are used in consumer electronics, automotive electronics, and medical electronics [3]. - The functional electronic materials generated revenue of 575 million yuan in 2024, growing by 22.24%, while high-performance optical materials saw revenue of 218 million yuan, a significant increase of 442.13% [2]. Market Potential - The market for optical materials is substantial, with estimates suggesting it could reach several hundred billion yuan globally, and there is significant room for domestic alternatives to replace foreign materials [6]. - The company has already achieved large-scale production and sales in the polarizer protective film sector, which is expected to grow further [6]. Customer Base - The company has established partnerships with various brands in the consumer electronics and automotive sectors, indicating a strong demand for functional materials [4]. - The estimated demand for functional materials from customers is at least 10 billion yuan, highlighting a significant market opportunity [4]. Future Outlook - The company is optimistic about its future, focusing on expanding its product structure to include high-performance optical materials, functional electronic materials, and functional adhesives [12]. - The functional adhesives segment is seen as a new growth point, with production trials already underway [12]. Shareholder Activity - The controlling shareholder has been actively increasing their stake in the company, with plans to invest between 60 million to 100 million yuan, having already acquired approximately 1.49 million shares [11]. Financing Plans - The company has proposed a refinancing plan to raise up to 600 million yuan for expanding production capacity in optical display films, with the project currently under review by the Shanghai Stock Exchange [10].