Core Viewpoint - The stock of Huitong Co., Ltd. has shown a year-to-date increase of 17.68%, but has recently experienced a decline of 9.51% over the last five trading days, indicating volatility in its performance [1]. Company Overview - Huitong New Materials Co., Ltd. is located in Hefei High-tech Zone, Anhui Province, and was established on July 31, 2008. The company was listed on November 18, 2020, and its main business involves the research, production, and sales of modified plastics [1]. - The revenue composition of Huitong Co. includes modified plastics at 44.23%, with specific categories such as polyolefin series (26.98%), engineering plastics and others (10.42%), elastomers and other engineering materials (7.40%), polystyrene series (6.83%), polyamide series (3.03%), and other businesses (1.06%) [1]. Financial Performance - For the period from January to September 2025, Huitong Co. achieved a revenue of 4.721 billion yuan, reflecting a year-on-year growth of 10.03%. The net profit attributable to the parent company was 166 million yuan, with a year-on-year increase of 8.96% [2]. - Since its A-share listing, Huitong Co. has distributed a total of 179 million yuan in dividends, with 126 million yuan distributed over the past three years [3]. Shareholder Information - As of September 30, 2025, Huitong Co. had 18,000 shareholders, an increase of 42.39% from the previous period. The average circulating shares per person decreased by 19.14% to 30,593 shares [2]. - Among the top ten circulating shareholders, Hong Kong Central Clearing Limited is the seventh largest, holding 5.3357 million shares as a new shareholder [3].

证券代码：688219 证券简称：会通股份 公告编号：2025-079 会通新材料股份有限公司 关于对外投资进展的自愿性公告 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、准确性和完整性依法承担法律责任。 一、对外投资基本情况 统一社会信用代码：91310116MAK0JCP331 注册资本：人民币2000.0000万元整 成立日期：2025年11月20日 法定代表人：秦怀礼 住所：上海市金山区金山卫镇秋实路688号2幢(碳谷绿湾经济小区)。 经营范围：一般项目：工程塑料及合成树脂销售；新材料技术研发；技术服务、技术开发、技术咨询、 技术交流、技术转让、技术推广；货物进出口。(除依法须经批准的项目外，凭营业执照依法自主开展 经营活动) 会通新材料股份有限公司（以下简称"公司"）于2025年10月25日披露，为推动上游聚合产线建设以实现 更好的技术成果转化，进一步完善"聚合一改性"一体化平台建设，公司拟于上海碳谷绿湾产业园租赁厂 房并成立全资子公司，负责开展"高温尼龙和PEEK聚合项目"，项目总投资8,100万元。具体内容详见 2025年10月25日在上海 ...

证券日报网讯 11月21日晚间，会通股份发布公告称，会通新材料股份有限公司（以下简称"公司"）于 2025年10月25日披露，为推动上游聚合产线建设以实现更好的技术成果转化，进一步完善"聚合—改 性"一体化平台建设，公司拟于上海碳谷绿湾产业园租赁厂房并成立全资子公司，负责开展"高温尼龙和 PEEK聚合项目"，项目总投资8，100万元。2025年11月20日，本次投资的项目公司已完成工商注册登记 手续，并取得上海市金山区市场监督管理局颁发的《营业执照》。 （文章来源：证券日报） ...

公司名称：上海会通聚合材料有限公司，类型：有限责任公司(非自然人投资或控股的法人独资)，统一 社会信用代码：91310116MAK0JCP331，注册资本：人民币200万元整。 格隆汇11月21日丨会通股份(688219.SH)公布，2025 年11 月20日，本次投资的项目公司已完成工商注册 登记手续，并取得上海市金山区市场监督管理局颁发的《营业执照》，具体信息如下： 未来，公司将持续围绕"产品领先"的核心战略，不断开展长期的前瞻性技术探索，聚焦技术积累、产品 平台搭建以及共性技术的研究，推动技术成果实现商业化转化。 ...

Core Viewpoint - The company has successfully registered a new subsidiary, Shanghai Huitong Polymer Materials Co., Ltd., which will focus on long-term technological exploration and commercialization of its innovations [1] Company Summary - The newly established subsidiary is a limited liability company with a registered capital of 2 million RMB [1] - The company aims to adhere to a "product leadership" strategy, emphasizing technological accumulation, product platform development, and research on common technologies [1] - The registration was completed on November 20, 2025, with the business license issued by the Market Supervision Administration of Jinshan District, Shanghai [1]

关于对外投资进展的自愿性公告 证券代码：688219 证券简称：会通股份 公告编号：2025-079 会通新材料股份有限公司 注册资本：人民币 2000.0000 万元整 成立日期：2025 年 11 月 20 日 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、对外投资基本情况 会通新材料股份有限公司（以下简称"公司"）于 2025 年 10 月 25 日披露， 为推动上游聚合产线建设以实现更好的技术成果转化，进一步完善"聚合—改性" 一体化平台建设，公司拟于上海碳谷绿湾产业园租赁厂房并成立全资子公司，负 责开展"高温尼龙和 PEEK 聚合项目"，项目总投资 8,100 万元。具体内容详见 2025 年 10 月 25 日在上海证券交易所网站（www.sse.com.cn）披露的《会通新材 料股份有限公司关于对外投资的自愿性披露公告》（公告编号：2025-070）。 二、本次对外投资进展情况 2025 年 11 月 20 日，本次投资的项目公司已完成工商注册登记手续，并取 得上海市金山区市场监督管理局颁发的《营业执 ...

Group 1 - The core viewpoint of the article highlights the project delays announced by Huitong Co. and Suqian Liansheng, reflecting the companies' strategic adjustments in response to market conditions and operational needs [2][3][4] Group 2 - Huitong New Materials announced on November 18 that the completion date for its "Annual Production of 300,000 Tons of High-Performance Composite Materials Project" has been extended to December 31, 2027. Currently, the project has achieved an annual production capacity of approximately 240,000 tons, reaching 80% of the planned capacity, with a utilization rate exceeding 80% [3] - The delay is attributed to the need for careful planning of fundraising usage in light of the macro market environment and the company's business development, aiming to avoid wasteful expansion of production capacity [3] Group 3 - Suqian Liansheng announced on November 20 that the timeline for its fundraising project, which includes the production of 12,000 tons of light stabilizers, 5,000 tons of anti-aggregation agents, and 15,000 tons of dimethyl sebacate series new materials, has been postponed from December 2025 to December 2026 [4] - The first phase of the project is nearly completed and operational, while the second phase is still under construction. The market competition for light stabilizer 770 is intense, with prices at their lowest in recent years, leading to a current utilization rate of 57.35% for the company's hindered amine light stabilizers [4] - The company has decided to slow down the investment pace of the fundraising project due to the inability to achieve expected economic benefits under the current market conditions [4]

Group 1 - The company is actively promoting the construction of a lithium battery wet separator film project with an annual production capacity of 1.7 billion square meters, with some production lines already in operation and supplying products [1] - The project utilizes domestic equipment and raw materials for production, aiming to create differentiated products to achieve breakthroughs in the lithium battery market [1]

（编辑 王雪儿） 证券日报网讯 会通股份11月20日在互动平台回答投资者提问时表示，公司阻燃材料应用领域广泛，公 司围绕目前常见的通用塑料以及工程塑料均有对应的不同等级的阻燃方案，在家电、汽车、消费电子、 光伏等众多行业中均有应用。其中，围绕着家电领域的涉电部件如电控盒等应用场景推出完善的阻燃材 料解决方案；在汽车电子电器系统中，针对新能源车辆线束、连接系统、"三电"系统及充电相关部件， 公司推出低析出、低模垢阻燃尼龙材料、防火高CTI尼龙材料等材料解决方案，聚焦电器安全与可靠性 提升；在连接器领域，公司研发出了耐寒红磷阻燃增强尼龙材料，成功应用于光伏连接器，新能源连接 器等关键部件。 ...

Core Viewpoint - The company is actively advancing its annual production capacity of 1.7 billion square meters for lithium battery wet separator film, with some production lines already operational and supplying products, aiming for significant market breakthroughs in membrane materials [1] Group 1 - The company is focusing on the construction of a lithium battery wet separator film project with an annual capacity of 1.7 billion square meters [1] - Some production lines of the project have already been put into operation and are achieving supply [1] - The project utilizes domestic equipment and raw materials to produce differentiated products, targeting breakthroughs in the lithium battery market [1]