中复神鹰: 中复神鹰碳纤维股份有限公司首次公开 发行部分限售股上市流通公告 证券代码：688295 证券简称：中复神鹰 公告编号：2025-008 中复神鹰碳纤维股份有限公司 首次公开发行部分限售股上市流通公告 本次上市流通的限售股形成至今，公司未发生因利润分配、公积金转增导致股 本数量变化的情况。 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。 重要内容提示： ? 本次股票上市类型为首发限售股份；股票认购方式为网下，上市股数为 本次股票上市流通总数为 456,950,160 股。限售期为自公司股票上市之日起 ? 本次股票上市流通日期为 2025 年 4 月 7 日。（因 2025 年 4 月 6 日为非交 易日，故顺延至下一交易日） 一、本次上市流通的限售股类型 根据中国证券监督管理委员会于 2022 年 2 月 22 日出具的《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2022337 号）， 中复神鹰碳纤维股份有限公司（以下简称"公司"或"中复神鹰"）获准向社会公 众公开发行人民币普通股 ...

证券代码：688295 证券简称：中复神鹰 公告编号：2025-008 中复神鹰碳纤维股份有限公司 首次公开发行部分限售股上市流通公告 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。 重要内容提示： 本次股票上市类型为首发限售股份；股票认购方式为网下，上市股数为 456,950,160 股。 本次股票上市流通总数为 456,950,160 股。限售期为自公司股票上市之日起 36 个月内。 本次股票上市流通日期为 2025 年 4 月 7 日。（因 2025 年 4 月 6 日为非交 易日，故顺延至下一交易日） 一、本次上市流通的限售股类型 根据中国证券监督管理委员会于 2022 年 2 月 22 日出具的《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）， 中复神鹰碳纤维股份有限公司（以下简称"公司"或"中复神鹰"）获准向社会公 众公开发行人民币普通股（A 股）100,000,000 股，并于 2022 年 4 月 6 日在上海 证券交易所科创板上市。公司首次公开发行股票完 ...

Investment Rating - The report maintains an "Overweight" rating for the defense materials industry [3] Core Insights - The defense materials sector is expected to see a recovery in demand in 2025, driven by the release of pent-up demand and significant orders in high-certainty areas like aerospace and defense [11][12] - The report highlights the importance of advanced materials such as ceramic matrix composites and titanium alloys, which are crucial for enhancing the performance of military equipment [30][31] - The application of 3D printing technology is expanding in both military and civilian sectors, leading to innovations in product design and manufacturing efficiency [6][34] Summary by Sections Industry Analysis - The report discusses the establishment of a ceramic matrix composite technology innovation center in Sichuan, which aims to accelerate the development of advanced materials for aerospace applications [2][30] - The demand for ceramic matrix composites is projected to increase due to their superior high-temperature resistance and lightweight properties, which can reduce component weight by 30% to 50% compared to high-temperature alloys [31] Market Performance - In February, the Zhonghang Securities defense materials index increased by 4.72%, outperforming the Shenwan defense index by 1.05 percentage points [8][37] - The report notes that 2024 is expected to be a challenging year for defense materials companies, with 10 out of 23 companies reporting profit growth while 13 experienced declines [9] Investment Logic - The report emphasizes the potential for recovery in the defense materials sector in 2025, as the industry is expected to benefit from increased military spending and the release of accumulated orders [11][12] - It suggests that companies focusing on high-temperature alloys, titanium alloys, and composite materials should be closely monitored for investment opportunities [20][48] Recommendations - The report recommends focusing on companies such as Guangwei Composite, Zhongfu Shenying, and Jialiqi in the carbon fiber composite sector; Fushun Special Steel and Gangyan High-tech in high-temperature alloys; and Xibu Superconductor and Baotai in titanium alloys [20][48]

Financial Performance - In 2024, the company achieved total operating revenue of 155,704.56 million yuan, a decrease of 31.08% compared to the previous year[2] - The net profit attributable to the parent company was -11,873.79 million yuan, representing a decline of 137.34% year-on-year[6] - Basic earnings per share were -0.13 yuan, a decline of 137.14% compared to the previous year[2] - The net profit attributable to the parent company after deducting non-recurring gains and losses was -17,873.05 million yuan, a decrease of 175.22% year-on-year[6] Asset and Equity Status - The company's total assets at the end of 2024 were 936,510.85 million yuan, a decrease of 1.79% from the beginning of the period[6] - The equity attributable to the parent company was 463,092.56 million yuan, down 4.42% from the beginning of the period[6] Operational Challenges - The decline in operating performance was primarily due to a decrease in carbon fiber product prices and impairment provisions for certain assets[6] - The company's subsidiaries fully commenced production, leading to the capitalization of interest expenses being recognized as costs[6] Investment Risks - The weighted average return on net assets decreased by 9.24 percentage points to -2.51%[2] - The company warns investors to pay attention to investment risks as the financial data is preliminary and unaudited[8]

国泰君安证券股份有限公司 关于中复神鹰碳纤维股份有限公司 2024 年度持续督导工作现场检查报告 根据《上海证券交易所科创板股票上市规则》《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》等相关规定，国泰君安证券股份有限公 司（以下简称"国泰君安"或"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"）首次公开发行股票并在科创板上市的保荐 机构及持续督导机构，对公司 2024 年 1 月 1 日至本次现场检查期间（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）保荐机构及保荐代表人 保荐机构：国泰君安证券股份有限公司 （四）现场检查内容 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、公司经营情况等。 保荐代表人：冉洲舟、刘怡平 （二）现场检查时间 2025 年 1 月 21 日至 2025 年 1 月 22 日 （三）现场检查人员 国泰君安：冉洲舟、张旭韬 二、对现场检查事项 ...

证券代码：688295 证券简称：中复神鹰 公告编号：2025-004 中复神鹰碳纤维股份有限公司 2025 年第一次临时股东大会决议公告 | 1、出席会议的股东和代理人人数 | 71 | | --- | --- | | 普通股股东人数 | 71 | | 2、出席会议的股东所持有的表决权数量（股） | 803,206,209 | | 普通股股东所持有表决权数量（股） | 803,206,209 | | 3、出席会议的股东所持有表决权数量占公司表决权数量的 | 89.2451 | | 比例（%） | | | 普通股股东所持有表决权数量占公司表决权数量的比例（%） | 89.2451 | （注：所持有表决权的股份总数占公司有表决权股份总数的比例数据如有差异为四舍五入计 算所致） （四） 表决方式是否符合《公司法》及公司章程的规定，大会主持情况等。 本公司董事会及全体董事保证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。 重要内容提示： 本次会议是否有被否决议案：无 一、 会议召开和出席情况 （一） 股东大会召开的时间：2025 年 1 月 20 日 （二 ...

北京市嘉源律师事务所 关于中复神鹰碳纤维股份有限公司 2025 年第一次临时股东大会的 法律意见书 嘉源律师事务所 JIA YUAN LAW OFFICES 西城区复兴门内大街 158 号远洋大厦 4 楼 中国·北京 e 师事务所 A YUAN LAW OFFICES 北京 BEIJING·上海 SHANGHAI·深圳 SHENZHEN·香港 HONG KONG·广州 GUANGZHOU·西安 XI'AN 致:中复神鹰碳纤维股份有限公司 北京市嘉源律师事务所 关于中复神鹰碳纤维股份有限公司 2025 年第一次临时股东大会的法律意见书 嘉源(2025)-04-052 北京市嘉源律师事务所(以下简称"本所")接受中复神鹰碳纤维股份有限公 司(以下简称"公司")的委托,根据《中华人民共和国公司法》(以下简称"《公 司法》")《上市公司股东大会规则》(以下简称"《股东大会规则》")等现行 有效的法律、行政法规、部门规章、规范性文件(以下简称"法律法规")以及《中 复神鹰碳纤维股份有限公司章程》(以下简称"《公司章程》")的有关规定,指 派本所律师对公司 2025 年第一次临时股东大会(以下简称"本次股东大会")进 行 ...

Revenue Forecast - The company expects 2024 annual revenue to be between 1,500 million and 1,600 million CNY, a decrease of 65,913.03 million to 75,913.03 million CNY compared to the previous year, representing a decline of 29.18% to 33.60%[2]. - In 2023, the company achieved a revenue of 2,259.13 million CNY and a net profit of 317.98 million CNY attributable to shareholders[3]. Profit Forecast - The projected net profit attributable to shareholders for 2024 is expected to be between -90 million and -135 million CNY, indicating a loss and a decrease of 40,798.13 million to 45,298.13 million CNY compared to the previous year, a decline of 128.30% to 142.46%[2]. - The expected net profit attributable to shareholders after deducting non-recurring gains and losses for 2024 is projected to be between -170 million and -240 million CNY, a decrease of 40,761.11 million to 47,761.11 million CNY compared to the previous year, representing a decline of 171.55% to 201.01%[2]. Factors Affecting Performance - The decline in financial metrics is attributed to an imbalance in supply and demand in the carbon fiber industry, lower-than-expected downstream demand, and a continuous decrease in product sales prices[5]. - The company has made impairment provisions for certain assets based on prudence principles and market conditions, which has impacted net profit[5]. - The full-scale production of subsidiaries has increased the capitalization of project loans, affecting the company's net profit[5]. Forecast Validity - The performance forecast has not been audited by registered accountants, and the company assures that there are no significant uncertainties affecting the accuracy of the forecast[6]. - The forecast data is preliminary and subject to change based on the audited annual report to be released later[7].