Summary of Chaoyang Technology Conference Call Company Overview - Chaoyang Technology focuses on the research and development of high-porosity electrolyte composite membranes for solid-state and semi-solid batteries, boasting a porosity of 80%-85% and pore sizes of 85-100 nanometers, significantly outperforming traditional wet-process separators [2][3][4] Core Industry Insights - The company has begun small-scale supply to leading battery manufacturers such as CATL and BYD, with monthly shipments reaching several tens of thousands of square meters, anticipating a surge in industry demand by 2026-2027 [2][6] - The product pricing starts at 4.5 RMB per square meter, higher than traditional wet-process separators, but competitive due to high domestic equipment rates and simplified processes, leading to good short-term profitability, albeit heavily influenced by downstream demand [2][7] - The company plans to develop a new 9-micron thick film to enhance gross margins and expand market applications, with a current production capacity of 50 million square meters per month, which can be easily scaled to several hundred million square meters [2][8] Financial Performance and Projections - The dry separator business is expected to significantly reduce losses or break even next year, while the reflective film business remains stable, and the optical base film business is projected to turn profitable, with an overall net profit forecast of 150-200 million RMB for the next year [2][16] - Traditional business segments, including reflective and optical base films, showed stable performance in the first three quarters, with reflective film revenue holding steady at approximately 710 million RMB, and optical base film losses decreasing from -6.7% to -2.3% [2][14] Competitive Landscape - The company holds a significant advantage in bi-directional stretching technology, achieving a porosity of 85%, far exceeding competitors who typically reach only 40%-50% [2][11] - There are two major domestic competitors in the dry bi-directional stretching process, but the complexity of the technology makes it difficult for them to catch up in the short term [2][11] Future Development Plans - The company aims to optimize product performance and expand market applications, with plans to quickly ramp up production based on market demand, leveraging a production line that can be expanded within 8-12 months [2][9][25] - The company does not plan to sign exclusive supply agreements with any customers, preferring to promote broader market adoption of its products [2][24] Research and Development - The R&D team includes personnel from various fields, and the company is collaborating with a large institution for deep cooperation in formulation [2][25] - The company has made significant progress in developing its production line since 2021, with a focus on meeting customer requirements and optimizing product parameters [2][18][23] Market Outlook - The market for traditional wet-process separators is projected to reach 30 billion square meters, with a penetration rate of 5%-10%, indicating a substantial growth opportunity for the company [2][26]

Key Points Company Overview 1. **Reflective Film Stability**: The company's reflective film business is stable with an annual growth rate of 5-10%. It has entered the supply chain of A Company and is expected to switch entirely to the company's products within three years. The market share exceeds 60%, with a gross margin of 36% and an expected annual net profit of 200 million yuan [1]. 2. **Optical Base Film**: The market is currently oversupplied, with domestic capacity concentrated in low-end products. The company has a capacity of 200 million tons with revenue of 2 billion yuan. The company intends to shift towards OCA release film and brightening film. Profits are expected to turn positive by the end of the fourth quarter, although there may still be losses for the full year. The new high-end base film production line in Hefei is expected to start production in the first quarter of next year, leading to a structural upgrade. The company plans to control production to two lines and will not expand further [2]. 3. **Battery Dry Separator**: The company began supplying to BYD in March and will start mass production in July. It secured a 5.6 billion square meter order in the first half of the year, with monthly production of 10 million square meters from the third quarter and 15 million square meters from the fourth quarter. Due to the need for re-validation at BYD's new production base, the company experienced significant losses in the first half of the year, but is expected to reach full production in the fourth quarter. The company's capacity is maintained at around 650 million square meters and will not expand further. The company has the lowest cost in the industry and can achieve profitability, but faces intense competition [3]. 4. **Photovoltaic**: The company invested 200 million yuan in photovoltaic film equipment, resulting in several million yuan in losses this year. Production will be abandoned next year [4]. 5. **Semi-solid and Solid Separator**: The company's semi-solid and solid separators meet downstream requirements for compressibility, pore size, and porosity, offering significant advantages over competitors. The company has self-developed equipment and separate production lines, creating a clear barrier to entry. Most battery companies, including CATL, Panasonic, BYD, and GEMFAM, have validated the company's products, with some providing small-scale supply. CATL and Xingyuan have not yet passed validation. Production is expected to increase significantly in the second half of next year, with a projected 160 million square meters of demand due to the 60 billion yuan national subsidy project for battery projects in 2027. The company currently has a production line in Hefei with a capacity of 4-5 million square meters, priced at 4-5 yuan per square meter, with a gross margin of over 60%. The company plans to expand production next year, with an expansion cycle of 8-9 months [5]. 6. **CPI Film**: Currently, only one company in South Korea, Kolon, can produce CPI film. The company's products have been certified by Hui Xing (a Kolon downstream company located next to Changyang) and BOE. The company aims to obtain Huawei's certification by the end of the year. A 500,000 square meter production line is expected to be completed in the second quarter of next year, corresponding to approximately 20-30 million phones. The company plans to build another line in the second half of next year. The current terminal price of Kolon's CPI film is approximately 150 USD per square meter, with a revenue of about 1 billion yuan for 100 million square meters. The company expects demand from domestic foldable screen manufacturers to increase significantly next year, pending the completion of the new production line [6]. Industry Trends 1. **Reflective Film Market**: The reflective film market is stable with a moderate growth rate, and the company holds a significant market share [1]. 2. **Optical Base Film Market**: The market is currently oversupplied, with domestic capacity concentrated in low-end products. The company plans to shift towards higher-value products and expects to turn profitable in the near future [2]. 3. **Battery Separator Market**: The battery separator market is highly competitive, with the company achieving cost advantages and securing significant orders from leading battery manufacturers [3]. 4. **Photovoltaic Market**: The company plans to abandon its photovoltaic film business due to losses [4]. 5. **Semi-solid and Solid Separator Market**: The market for semi-solid and solid separators is expected to grow significantly in the near future, driven by increasing demand from battery manufacturers and government subsidies [5]. 6. **CPI Film Market**: The CPI film market is currently dominated by Kolon, but the company is expected to gain a significant share of the market due to its competitive products and certifications from leading manufacturers [6].

证券代码：688299 证券简称：长阳科技 公告编号：2024-049 宁波长阳科技股份有限公司 2024 年第二次临时股东大会决议公告 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 （三） 出席会议的普通股股东、特别表决权股东、恢复表决权的优先股股东及 其持有表决权数量的情况： | 1、出席会议的股东和代理人人数 | 100 | | --- | --- | | 普通股股东人数 | 100 | | 2、出席会议的股东所持有的表决权数量 | 58,855,406 | | 普通股股东所持有表决权数量 | 58,855,406 | | 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比 | 20.8492 | | 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（%） | 20.8492 | （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。 本次股东大会由公司董事会召集，董事长金亚东先生主持，会议采取现场投 （一 ...

电话/TEL: (8621) 5234-1668 传真/FAX: (8621) 5243-3320 国浩律师（上海）事务所 法律意见书 国浩律师（上海）事务所 Grandall Law Firm (Shanghai) 中国 上海 北京西路 968 号嘉地中心 23-25、27 楼，200041 23-25&27 Garden Square, 968 Beijing West Road, Shanghai, China, 200041 关于宁波长阳科技股份有限公司 2024年第二次临时股东大会的法律意见书 致：宁波长阳科技股份有限公司 国浩律师（上海）事务所（以下简称"本所"）接受宁波长阳科技股份有限公 司（以下简称"公司"）委托，指派本所律师出席公司 2024 年第二次临时股东大 会（以下简称"本次股东大会"）。本所律师根据《中华人民共和国证券法》（以 下简称"《证券法》"）、《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》"）等法律、法规、部 门规章和规范性文件以及《宁波长阳科技股份有限公司章程》（以下简称"《公 司章程》"）的规定，就公司本次股东大 ...

证券代码：688299 证券简称：长阳科技 公告编号：2024-046 宁波长阳科技股份有限公司 第三届监事会第二十二次会议决议公告 本公司监事会及全体监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、 监事会会议召开情况 2024年10月28日，宁波长阳科技股份有限公司（以下简称"公司"）以现场 方式在公司会议室召开第三届监事会第二十二次会议（以下简称"本次会议"）， 本次会议由监事会主席王云女士主持，会议应到监事3名，实到监事3名，本次会 议的召集、召开符合《公司法》等法律、法规、规范性文件和《宁波长阳科技股 份有限公司章程》、《宁波长阳科技股份有限公司监事会议事规则》的有关规定。 2、公司 2024 年第三季度报告公允反映了报告期内的财务状况和经营成果， 所包含的信息从各个方面真实地反映出公司报告期内的经营管理和财务状况等 事项。2024 年第三季度报告所披露的信息真实、准确、完整，不存在虚假记载、 误导性陈述或重大遗漏； 3、未发现参与 2024 年第三季度报告编制和审议人员有违反保密规定的行 为。 表决结果：3 票同意；0 票反 ...

关于宁波长阳科技股份有限公司 使用部分暂时闲置募集资金进行现金管理的核查意见 华安证券股份有限公司（以下简称"保荐机构"、"华安证券"）作为宁波 长阳科技股份有限公司（以下简称"长阳科技"、"公司"）2022年度向特定对 象发行股票并上市的保荐机构，根据《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（2022年修订）》、《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》等有关规定，对长阳科技拟使用部分暂时闲置募集资金进行现金管理的事项 进行了审慎核查，核查情况如下： 华安证券股份有限公司 一、募集资金基本情况 经中国证券监督管理委员会《关于同意宁波长阳科技股份有限公司首次公 开发行股票注册的批复》（证监许可［2019］1886号）核准，公司首次公开发 行人民币普通股（A股）股票7,064.22万股，发行价格13.71元/股，募集资金总 额人民币968,504,562.00元，扣除各项发行费用后实际募集资金净额为人民币 856,718,202.80元。上述募集资金已于2019年10月30日到位，立信会计师事务 所（特殊普通合伙）已于201 ...

证券代码：688299 证券简称：长阳科技 公告编号：2024-047 宁波长阳科技股份有限公司 关于使用部分暂时闲置募集资金进行现金管理的公告 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。 2024 年 10 月 28 日，宁波长阳科技股份有限公司（以下简称"公司"）召开 第三届董事会第二十六次会议、第三届监事会第二十二次会议，审议通过了《关 于使用部分暂时闲置募集资金进行现金管理的议案》，同意公司及全资子公司（以 下简称"公司"）使用额度不超过人民币 0.5 亿元的暂时闲置募集资金进行现金 管理，在确保不影响募集资金投资项目进度、不影响公司正常生产经营及确保资 金安全的情况下，购买安全性高、流动性好、保本型的理财产品或存款类产品， 在上述额度范围内，资金可以滚动使用，使用期限自公司董事会审议通过之日起 12 个月内有效。董事会授权公司管理层行使该项决策权及签署相关合同、协议等 文件，具体事项由公司财务部负责组织实施。公司保荐机构对本事项出具了明确 的核查意见。 一、募集资金基本情况 经中国证券监督管理委员会《关于同意 ...

Financial Performance - The company's operating revenue for Q3 2024 was ¥356,355,223.58, a decrease of 1.98% compared to the same period last year[2] - Net profit attributable to shareholders for Q3 2024 was ¥1,460,625.42, down 89.65% year-on-year[2] - The net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2024 was -¥4,366,041.47, a decrease of 136.24% compared to the same period last year[2] - Net profit for Q3 2024 was CNY 18,518,061.27, a decrease of 75.7% compared to CNY 74,854,708.92 in Q3 2023[16] - Operating profit for Q3 2024 was CNY 28,878,304.66, down 62.2% from CNY 76,450,466.12 in Q3 2023[16] - Total comprehensive income for Q3 2024 was CNY 18,607,542.79, a decrease of 75.2% compared to CNY 75,177,844.48 in Q3 2023[17] - Basic earnings per share for Q3 2024 was CNY 0.07, down from CNY 0.26 in Q3 2023[17] Revenue and Costs - Total operating revenue for the first three quarters of 2024 reached CNY 1,003,390,053.09, an increase of 8.2% compared to CNY 927,068,372.14 in the same period of 2023[15] - Total operating costs amounted to CNY 951,423,918.46, up from CNY 831,583,161.47, reflecting a rise of 14.4% year-over-year[15] - Total revenue from operating activities for the first three quarters of 2024 reached CNY 981,934,665.01, an increase of 37.0% compared to CNY 716,459,983.61 in the same period of 2023[18] Assets and Liabilities - Total assets at the end of Q3 2024 were ¥3,537,484,109.50, an increase of 6.01% from the end of the previous year[3] - The company's total assets increased to CNY 3,537,484,109.50, compared to CNY 3,336,968,510.17 at the end of the previous period[14] - Current assets totaled CNY 1,407,792,535.85, up from CNY 1,352,602,019.81, indicating a growth of 4.1%[12] - Non-current assets reached CNY 2,129,691,573.65, an increase from CNY 1,984,366,490.36, representing a growth of 7.3%[12] - Total liabilities rose to CNY 1,402,187,376.94, compared to CNY 1,156,064,457.48, marking an increase of 21.3%[13] - The company's equity attributable to shareholders decreased to CNY 2,135,296,732.56 from CNY 2,180,904,052.69, a decline of 2.1%[14] Cash Flow - The net cash flow from operating activities for the year-to-date period was ¥126,980,759.07, an increase of 62.19% compared to the same period last year[7] - Cash flow from operating activities for Q3 2024 was CNY 126,980,759.07, up 62.0% from CNY 78,289,654.70 in Q3 2023[19] - The company reported a significant increase in cash inflows from operating activities, totaling CNY 1,058,574,633.84 for the first three quarters of 2024, compared to CNY 830,618,195.63 in the same period of 2023[19] - Investment activities generated a net cash outflow of CNY 212,469,521.69 in the first three quarters of 2024, an improvement from a net outflow of CNY 576,992,467.09 in the same period of 2023[19] Shareholder Information - The total number of common shareholders at the end of the reporting period was 11,465, with a total of 8,205,518 shares repurchased, accounting for 2.82% of the total share capital[8] - The largest shareholder, Jin Yadong, holds 45,593,922 shares, representing 15.70% of the total shares[8] - The top ten shareholders include several institutional investors, with Ningbo Changyang Yonghui Investment Management holding 7,700,583 shares, or 2.65%[9] - The total number of shares held by the top ten unrestricted shareholders is 65,000,000, indicating a concentrated ownership structure[9] - There are no known related party transactions among the top shareholders, ensuring transparency in ownership[9] Research and Development - R&D investment totaled ¥18,888,159.65 in Q3 2024, representing 5.30% of operating revenue, a decrease of 0.43 percentage points year-on-year[3] - Research and development expenses were CNY 51,749,359.02, slightly down from CNY 52,169,362.19 in the previous year[15] Future Outlook - The company expects to reverse the current loss situation as production capacity is released in the future[6] - The company has not disclosed any new product developments or market expansion strategies during the reporting period[10] - The company did not provide any earnings guidance or forecasts for future performance[21] - The report does not indicate any strategic changes or new initiatives[21] Financial Reporting - The company reported its third-quarter results for 2024 on October 29, 2024[21] - The financial report includes adjustments due to the first-time execution of new accounting standards[21] - The board of directors announced the financial results in a formal notice[21] - The report consists of 13 pages detailing the company's performance and future outlook[21] - No specific performance metrics or user data were disclosed in the report[21] - There are no mentions of new products, technologies, market expansion, or mergers and acquisitions in the report[21] - The financial report is not applicable for the first-time execution of accounting standards[21]

宁波长阳科技股份有限公司 2024 年第二次临时股东大会会议资料 宁波长阳科技股份有限公司 2024 年第二次临时股东大会会议资料目录 | 宁波长阳科技股份有限公司 年第二次临时股东大会会议须知 2024 | 3 | | --- | --- | | 宁波长阳科技股份有限公司 2024 年第二次临时股东大会会议议程 | 5 | | 年员工持股计划（草案）>及其摘要的议案 议案一：关于公司<2024 | 7 | | 议案二：关于公司<2024 年员工持股计划管理办法>的议案 | 8 | | 议案三：关于提请公司股东大会授权董事会办理 2024 年员工持股计划相关事宜的议案 | | | | 9 | 宁波长阳科技股份有限公司 2024 年第二次临时股东大会会议资料 证券代码：688299 证券简称：长阳科技 宁波长阳科技股份有限公司 2024 年第二次临时股东大会会议资料 2024 年 10 月 3 宁波长阳科技股份有限公司 2024 年第二次临时股东大会会议资料 宁波长阳科技股份有限公司 2024 年第二次临时股东大会会议资料 宁波长阳科技股份有限公司 2024 年第二次临时股东大会会议须知 为了维护全体股东的合法 ...

宁波长阳科技股份有限公司 第二章 持股计划的制定 第二条 持股计划的基本原则 （一）依法合规原则 2024 年员工持股计划管理办法 第一章 总则 第一条 为规范宁波长阳科技股份有限公司（以下简称"长阳科技"或"公 司"）2024 年员工持股计划（以下简称"持股计划"）的实施，根据《中华人民 共和国公司法》、《中华人民共和国证券法》、中国证监会《关于上市公司实施员 工持股计划试点的指导意见》（以下简称"《指导意见》"）、《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》（以下简称"《自律监管指 引第 1 号》"）等相关法律、行政法规、规范性文件和《公司章程》、《宁波长阳 科技股份有限公司 2024 年员工持股计划（草案）》之规定，特制定《宁波长阳科 技股份有限公司 2024 年员工持股计划管理办法》（以下简称"本办法"）。 公司实施本员工持股计划，严格按照法律、行政法规的规定履行程序，真实、 准确、完整、及时地进行信息披露。任何人不得利用员工持股计划进行内幕交易、 操纵证券市场等证券欺诈行为。 （二）自愿参与原则 公司实施本员工持股计划遵循公司自主决定，员工自愿参加，公司不以摊派、 强行分配等 ...