证券代码：688295 证券简称：中复神鹰 公告编号：2025-041 中复神鹰碳纤维股份有限公司 关于部分募投项目结项并将节余募集资金永久补充 流动资金的公告 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。 中复神鹰碳纤维股份有限公司（以下简称"公司"）于 2025 年 10 月 22 日召 开了第二届董事会第十三次会议，审议通过了《公司募投项目结项并将节余募集 资金永久补充流动资金的议案》，同意公司募集资金投资项目（以下简称"募投 项目"）"碳纤维航空应用研发及制造项目"结项，并将节余募集资金永久补充流 动资金。保荐机构国泰海通证券股份有限公司（以下简称"保荐机构"）对上述 事项出具了明确同意的核查意见，本议案无需提交股东会审议。 一、募集资金基本情况 中国证券监督管理委员会于 2022 年 2 月 22 日出具了《关于同意中复神鹰碳 纤维股份有限公司首次公开发行股票注册的批复》（证监许可[2022]337 号），同 意公司首次公开发行股票的注册申请。公司首次公开发行人民币普通股（A 股） 100,000,000.00 ...

格隆汇10月22日丨中复神鹰(688295.SH)公布，根据谨慎性原则，公司2025年前三季度计提的减值准备 合计为1,293.64万元。 ...

Financial Performance - The company's operating revenue for the third quarter reached ¥61,530.81 million, representing a year-on-year increase of 59.23%[3] - The net profit attributable to shareholders was ¥5,100.48 million, with a significant improvement from a loss to profit due to increased sales and cost reduction measures[10] - The basic earnings per share for the quarter was ¥0.06, with diluted earnings per share also at ¥0.06, indicating a recovery from previous losses[4] - Total operating revenue for the first three quarters of 2025 reached ¥1,536,926,021.13, a significant increase of 37.4% compared to ¥1,118,686,435.48 in the same period of 2024[21] - Operating profit for the first three quarters of 2025 was ¥74,206,043.22, recovering from a loss of ¥9,979,363.63 in the first three quarters of 2024[22] - Net profit for the first three quarters of 2025 was ¥62,934,646.33, compared to a net loss of ¥8,338,793.32 in the same period of 2024, indicating a turnaround in profitability[22] - Earnings per share for the first three quarters of 2025 were ¥0.07, recovering from a loss of ¥0.01 per share in the same period of 2024[23] Research and Development - Research and development expenses totaled ¥3,826.07 million, accounting for 6.22% of operating revenue, a decrease of 2.03 percentage points compared to the previous year[4] - Research and development expenses increased to ¥113,798,595.08 in the first three quarters of 2025, up from ¥92,611,641.43 in the same period of 2024, reflecting a focus on innovation[21] Assets and Liabilities - The total assets at the end of the reporting period were ¥943,768.19 million, reflecting a slight increase of 0.86% from the end of the previous year[4] - The company's current assets decreased to RMB 2,724,475,001.03 from RMB 2,955,667,140.99 in the previous year, reflecting a decline of approximately 7.8%[16] - Total liabilities decreased slightly to ¥4,747,634,838.07 in 2025 from ¥4,732,092,381.02 in 2024, indicating stable financial management[18] - Total equity attributable to shareholders increased to ¥4,690,047,072.81 in 2025 from ¥4,625,279,704.26 in 2024, showing growth in shareholder value[18] Cash Flow - The net cash flow from operating activities was negative at -¥4,079.34 million, a decline of 119.90% compared to the same period last year, primarily due to the timing of invoice settlements[10] - Operating cash inflow for the first three quarters of 2025 was CNY 1,328,550,623.34, a slight increase from CNY 1,319,362,620.39 in the same period of 2024[25] - Net cash flow from operating activities decreased significantly to CNY 33,903,088.41 compared to CNY 229,974,623.61 in the first three quarters of 2024[25] - Cash inflow from investment activities totaled CNY 1,713,646,834.74, down from CNY 3,069,339,087.96 in the previous year[26] - The ending cash and cash equivalents balance for the first three quarters of 2025 was CNY 882,997,165.55, down from CNY 973,902,441.61 in the same period of 2024[26] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 11,538, indicating a stable shareholder base[12] - The company has a major shareholder, China National Building Material Group Corporation, holding 33.16% of the total shares, which became fully tradable on October 9, 2025[14] Future Outlook - The company plans to continue expanding its market presence and investing in new technologies to enhance profitability and operational efficiency[10]

Core Insights - The company Zhongfu Shenying (688295) reported a significant increase in revenue and net profit for the third quarter of 2025, with revenue reaching 615 million yuan, a year-on-year growth of 59.23% [1] - For the first three quarters of 2025, the company achieved a total revenue of 1.537 billion yuan, reflecting a year-on-year increase of 37.39%, and a net profit of 62.9346 million yuan [1] - The growth in performance is attributed to increased sales volume, cost reduction through technology, expense management, and improved product quality, which enhanced profitability [1] Financial Performance - Third quarter revenue: 615 million yuan, up 59.23% year-on-year [1] - Net profit for the third quarter: 51.0048 million yuan [1] - Revenue for the first three quarters: 1.537 billion yuan, up 37.39% year-on-year [1] - Net profit for the first three quarters: 62.9346 million yuan [1] - Basic earnings per share: 0.07 yuan [1]

国泰海通证券股份有限公司 关于中复神鹰碳纤维股份有限公司 部分募投项目结项并将节余募集资金永久补充流动资金的 核查意见 根据《证券发行上市保荐业务管理办法》《上海证券交易所科创板股票上市 规则》《上市公司募集资金监管规则》《上海证券交易所科创板上市公司自律监管 指引第 1 号——规范运作》等有关规定，国泰海通证券股份有限公司（以下简称 "保荐机构"）作为中复神鹰碳纤维股份有限公司（以下简称"中复神鹰"或"公 司"）首次公开发行股票的持续督导保荐机构，就公司部分募投项目结项并将节 余募集资金永久补充流动资金进行了核查，具体情况如下： | 募集资金投资项目 | | | 利息及现金 | | 预计节余募 | | --- | --- | --- | --- | --- | --- | | | 拟使用募集资 | 实际投入募集 | 管理收益减 | 尚需支付的 | 集资金金额 | | | 金投资额(A) | 资金金额(B) | 手续费净额 | 款项(D) | (E)=A-B+C | | | | | (C) | | D | | 碳纤维航空应用研 发及制造项目 | 36,172.00 | 32,082.30 | 1,071.54 ...

Investment Rating - The investment rating for the company is "Add" [1] Core Insights - The company has turned a profit in Q2, indicating a turning point in both the industry and the company's operations [4] - The carbon fiber industry is expected to rebound, with increasing demand from sectors such as wind and solar energy [6] - The company is projected to benefit from a new cycle of growth in the carbon fiber market, with expected net profits of 1.07 billion, 1.78 billion, and 2.90 billion yuan for 2025-2027 [6] Financial Performance Summary - In H1 2025, the company achieved revenue of 922 million yuan, a year-on-year increase of 25.86%, but the net profit attributable to shareholders decreased by 52.23% [6] - Q2 2025 saw a significant improvement, with revenue of 520 million yuan, up 83.15% year-on-year, and a net profit of 57 million yuan, up 439.98% year-on-year [6] - The company’s carbon fiber production capacity stands at 29,000 tons per year, with an additional 31,000 tons under construction, positioning it among the world's leaders in capacity [6] Profit Forecast - Revenue is forecasted to be 1.557 billion yuan in 2024, growing to 3.030 billion yuan by 2027, with corresponding growth rates of -31.1%, 30.4%, 24.6%, and 19.8% [5] - Net profit is expected to recover from a loss of 124 million yuan in 2024 to a profit of 290 million yuan by 2027, with growth rates of -139.1%, 186.2%, 66.2%, and 62.7% [5] - Earnings per share (EPS) is projected to improve from -0.14 yuan in 2024 to 0.32 yuan in 2027 [5] Market Dynamics - The carbon fiber market has seen a decline in prices, with average prices in 2023, 2024, and H1 2025 at 118.33, 90.10, and 83.75 yuan/kg respectively, reflecting year-on-year decreases of -32.61%, -23.85%, and -11.26% [6] - The demand for carbon fiber is expected to increase, particularly in the wind energy sector, which has seen over 200% growth year-on-year [6]

证券代码：688295 证券简称：中复神鹰 公告编号：2025-040 中复神鹰碳纤维股份有限公司 关于召开 2025 年第三季度业绩说明会的公告 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： 投 资 者 可 于 2025 年 10 月 28 日 （ 星 期 二 ） 前 访 问 网 址 https://eseb.cn/1sl2d2opMze 或使用微信扫描下方小程序码进行会前提问，公 司将通过本次业绩说明会，在信息披露允许范围内就投资者普遍关注的问题进行 回答。 中复神鹰碳纤维股份有限公司（以下简称"公司"）将于 2025 年 10 月 23 日披露《2025 年第三季度报告》，为便于广大投资者更加全面深入地了解公司经 营业绩、发展战略等情况，公司定于 2025 年 10 月 28 日（星期二）14:00-15:00 在"价值在线"（www.ir-online.cn）举办中复神鹰碳纤维股份有限公司 2025 年第三季度业绩说明会，与投资者进行沟通和交流，广泛听取投资者的意见和建 议。 一、说明会类型 本次业绩 ...

证券之星消息，10月16日，中复神鹰（688295）融资买入557.24万元，融资偿还308.25万元，融资净买 入248.99万元，融资余额1.31亿元，近3个交易日已连续净买入累计1189.88万元，近20个交易日中有12 个交易日出现融资净买入。 | 交易日 | 融资净买入(元) | 融资余额(元) | 占流通市值比 | | --- | --- | --- | --- | | 2025-10-16 | 248.99万 | 1.31亿 | 0.55% | | 2025-10-15 | 99.15万 | 1.29亿 | 0.52% | | 2025-10-14 | 841.74万 | 1.28亿 | 0.52% | | 2025-10-13 | -1222.65万 | 1.19亿 | 0.46% | | 2025-10-10 | 351.89万 | 1.32亿 | 0.53% | 融券方面，当日融券卖出600.0股，融券偿还0.0股，融券净卖出600.0股，融券余量1.83万股。 小知识 融资融券：融资就是证券公司借钱给投资者买股票，到期将本金和利息一同还了就行，融券可以理解成 是投资者借股票来卖的意思，到 ...

Core Viewpoint - The project by Zhongfu Shenying in Xining, Qinghai, is the world's highest and largest single high-performance carbon fiber production base, achieving a clean energy usage rate exceeding 76% and setting industry benchmarks for carbon emissions per ton of product [1][5]. Group 1: Project Overview - Zhongfu Shenying's Qinghai Xining project has an annual production capacity of 25,000 tons of high-performance carbon fiber [1]. - The carbon fiber produced is recognized for its high carbon content of over 90% and is widely used in various sectors including aerospace, defense, transportation, energy, and sports [3]. Group 2: Environmental Impact - The project utilizes green electricity, which significantly reduces carbon emissions per ton of product compared to traditional fossil fuel energy sources [5]. - Key strategies for achieving a clean energy usage rate of over 76% include the replacement of fossil fuels with green electricity and optimization of production processes [5]. Group 3: Sustainable Practices - The project incorporates a high-efficiency energy and resource utilization system, including deep wastewater treatment, waste gas heat recovery, and solid waste resource disposal [5]. - The produced "low-carbon green" carbon fiber is intended for large-scale applications in new energy sectors such as wind power equipment and hydrogen storage and transportation [5].

Core Insights - Zhongfu Shenying's stock price increased by 3.33% on October 13, with a trading volume of 126 million yuan [1] - The company experienced a net financing outflow of 12.23 million yuan on the same day, indicating a lower demand for its shares [1][2] - As of June 30, the company reported a revenue of 922 million yuan for the first half of 2025, reflecting a year-on-year growth of 25.86% [2] Financing and Margin Trading - On October 13, Zhongfu Shenying had a financing buy-in amount of 7.13 million yuan, with a total financing balance of 1.19 billion yuan, which is 0.46% of its market capitalization [1] - The financing balance is below the 40th percentile of the past year, indicating a low level of leverage [1] - The company had a margin trading balance of 485,500 yuan, with a short selling volume of 3,100 shares on October 13 [1] Shareholder and Profitability Information - As of June 30, the number of shareholders increased to 12,000, with an average of 49,954 circulating shares per person, up 291.38% from the previous period [2] - The net profit attributable to shareholders decreased by 52.23% year-on-year, amounting to 11.93 million yuan for the first half of 2025 [2] - The company has distributed a total of 185 million yuan in dividends since its A-share listing [2]