证券代码：688386 证券简称：泛亚微透 公告编号：2025-037 江苏泛亚微透科技股份有限公司 关于持股 5%以上股东权益变动触及 1%刻度的提示性公告 常州赛富高新创业投资中心（有限合伙）保证向本公司提供的信息真实、准确、 完整，没有虚假记载、误导性陈述或重大遗漏。 本公司董事会及全体董事保证公告内容与信息披露义务人提供的信息一致。 一、 信息披露义务人及其一致行动人的基本信息 1.身份类别 投资者及其一致行动人的身份 □控股股东/实际控制人及其一致行动人 其他 5%以上大股东及其一致行动人 □合并口径第一大股东及其一致行动人（仅适用 于无控股股东、实际控制人） □其他______________（请注明） 2.信息披露义务人信息 | 信息披露义务人名称 | 投资者身份 | 统一社会信用代码 | | --- | --- | --- | | | 控股股东/实控人 | 913204006978971284 | | 常州赛富高新创业投资中心 | □ □ 控股股东/实控人的 | | | （有限合伙） | 一致行动人 | | | |  其他直接持股股东 | | 上述减持主体无一致行动人。 公司于 2025 年 ...

Summary of Key Points Core Viewpoint - On June 16, a total of 12 stocks on the Sci-Tech Innovation Board (STAR Market) experienced block trading, with a cumulative transaction amount of 175 million yuan [1]. Group 1: Trading Overview - There were 22 block trades executed, totaling 5.4936 million shares and an aggregate transaction value of 175 million yuan [1]. - The stock with the highest transaction amount was Qi Anxin, with 2 block trades totaling 880,000 shares and a transaction value of 28.7232 million yuan [1]. - Other notable stocks in terms of transaction value included Jiao Cheng Ultrasound and Siwei Technology, with transaction amounts of 26.9882 million yuan and 20.4719 million yuan, respectively [1]. Group 2: Price and Performance Analysis - The average discount rates for block trades relative to the closing prices were highest for Aotewei, Jingyuan Environmental Protection, and Jiao Cheng Ultrasound, with discount rates of 19.67%, 16.62%, and 11.01% respectively [1]. - The STAR 50 Index fell by 0.21% on the same day, while 399 stocks (67.86%) on the STAR Market saw an increase, with an average increase of 2.07% for stocks involved in block trading [1]. - The top gainers among the stocks with block trades included Jiao Cheng Ultrasound, Aike Saibo, and Delong Laser, with increases of 11.37%, 8.62%, and 6.30% respectively [1]. Group 3: Institutional Participation - Among the block trades, 10 transactions involved institutional buyers or sellers, covering 8 stocks [2]. - The stocks with the highest institutional buying amounts were Siwei Technology, Huitong Co., and Changguang Huaxin, with buying amounts of 20.4719 million yuan, 19.14 million yuan, and 10.524 million yuan respectively [2]. - The stocks with the highest institutional selling amounts included Buke Co., with a selling amount of 9.9384 million yuan [2]. Group 4: Fund Flow Analysis - Five stocks experienced net inflows of main funds, with the highest net inflow recorded for Aike Saibo at 17.0268 million yuan [2]. - The stocks with the highest net outflows included Siwei Technology, Jiao Cheng Ultrasound, and Huitong Co., with net outflows of 14.9344 million yuan, 14.2761 million yuan, and 9.6260 million yuan respectively [2].

Investment Rating - The report maintains a recommendation for the chemical industry, particularly focusing on new materials, indicating a positive outlook for investment opportunities in this sector [1]. Core Insights - The report highlights a recovery in prices for chemical products, driven by a recent easing of tariffs in the US-China trade war, which has led to increased foreign trade inquiries and shipping prices [8]. - The chemical industry is currently experiencing a dual bottom in profitability and valuation, with a projected ROE-PB of 6.19% and 1.77 for 2024, and a recovery to 7.55% and 1.85 in Q1 2025 [8]. - The report emphasizes the importance of domestic production capabilities in new materials, particularly in light of the ongoing trade tensions and the need for self-sufficiency [9]. - The new materials sector has shown strong performance, outpacing the broader market indices, with a weekly change of 1.98% compared to a decline in major indices [10]. Industry Updates - The report notes that the new materials sector is expected to benefit from a shift towards domestic production and the reduction of import dependencies, particularly in critical areas [9]. - The report identifies specific new materials with high growth potential, including ETO, nucleating agents, aramid paper, PI films, industrial coatings, and ion exchange resins [9]. - The report also mentions the investigation into DuPont China by the National Market Supervision Administration, which could create opportunities for domestic companies in the same sector [11]. Trading Data - The Huachuang Chemical Industry Index stands at 75.23, reflecting a decrease of 1.08% week-on-week and a year-on-year decline of 24.76% [18]. - The report provides detailed statistics on price changes for various materials, indicating a mixed performance with some materials like SAF Europe FOB prices increasing by 3.00% while high-purity hydrogen saw a decrease of 10.00% [19][22]. New Materials Subsector Tracking - The report tracks various subsectors within new materials, including advancements in battery safety standards, which are set to be enforced in 2026, potentially impacting the materials used in electric vehicle batteries [12]. - The report highlights the growth in the smartphone market, with a 3.3% year-on-year increase in shipments, benefiting the consumer electronics materials sector [13]. - The report discusses funding initiatives in Shenzhen aimed at supporting AI terminal technology, which may influence the materials used in smart devices [14].

Core Points - The company, Jiangsu Pan Asian Microvent Tech Co., Ltd., has established its articles of association to protect the rights of shareholders, employees, and creditors, and to regulate its organization and behavior in accordance with relevant laws and regulations [2][4] - The company was registered on September 1, 2020, with an initial public offering of 17.5 million shares [2][3] - The registered capital of the company is RMB 91 million, and it is a permanent limited liability company [3][4] Chapter Summaries Chapter 1: General Provisions - The articles serve as a legally binding document for the company, shareholders, directors, supervisors, and senior management [4] - The company is established as a limited liability company based on the Company Law and other relevant regulations [2] Chapter 2: Business Objectives and Scope - The company's business objective is to meet market demand, occupy the market with high-quality products, and create investment returns for shareholders within the legal framework [4] - The business scope includes manufacturing and processing of automation machinery, rubber and plastic products, automotive interior parts, and electronic components, among others [4] Chapter 3: Shares - The company issues shares in the form of stocks, with each share having a par value of RMB 1 [5][6] - The total number of shares issued is 91 million, all of which are ordinary shares (A shares) [6] Chapter 4: Shareholders and Shareholders' Meeting - The company maintains a shareholder register as proof of share ownership, which includes details such as shareholder names, addresses, and shareholdings [12] - Shareholders have rights to dividends, attend meetings, supervise operations, and request information [13][14] Chapter 5: Board of Directors - The board of directors is responsible for the company's operations and decision-making, with specific provisions for the appointment and responsibilities of directors [4] Chapter 6: General Manager and Other Senior Management - The general manager and senior management are appointed by the board of directors and are responsible for the company's daily operations [4] Chapter 7: Supervisory Board - The supervisory board is established to oversee the company's management and protect shareholders' interests [4] Chapter 8: Financial Accounting System, Profit Distribution, and Audit - The company has established a financial accounting system and profit distribution policy, along with provisions for internal audits and the appointment of external auditors [4] Chapter 9: Notices and Announcements - The company is required to issue notices and announcements in accordance with legal and regulatory requirements [4] Chapter 10: Merger, Division, Capital Increase, Decrease, Dissolution, and Liquidation - The company can increase or decrease its registered capital through various methods, including public offerings and stock dividends [7][8] Chapter 11: Amendment of Articles - The articles can be amended in accordance with the procedures set forth in the Company Law and the articles themselves [4] Chapter 12: Supplementary Provisions - The articles include supplementary provisions that govern the company's operations and compliance with laws and regulations [4]

Core Viewpoint - Jiangsu Panyam Micro透 Technology Co., Ltd. is conducting a market value assessment of its asset group for an external investment, with the assessment date set for December 31, 2024, and a reported market value of 46.4732 million yuan, reflecting a significant appreciation of 38.5953 million yuan, or an increase rate of 489.92% [6][8]. Summary by Sections Assessment Purpose - The assessment aims to provide a value reference for the external investment involving the asset group held by Jiangsu Panyam Micro透 Technology Co., Ltd. [6][7]. Assessment Object and Scope - The assessment object includes the asset group held by Jiangsu Panyam Micro透 Technology Co., Ltd., specifically related to the TRT cable film business, which encompasses fixed assets and intangible assets such as patents and customer relationships [7][8]. Value Type - The value type assessed is market value [7]. Assessment Date - The assessment benchmark date is set for December 31, 2024 [7]. Assessment Method - Fixed assets are evaluated using the cost method, while intangible assets are assessed using the income method [7]. Assessment Conclusion - The market value of the asset group is reported at 46.4732 million yuan, with an appreciation of 38.5953 million yuan, resulting in a 489.92% increase rate. The validity period for the assessment conclusion is one year from the benchmark date [8]. Special Notes - The assessment was conducted independently without referencing conclusions from other institutions. There are no issues regarding incomplete ownership documentation or other critical data not provided by the client [8][9]. Industry Overview - The TRT cable film business primarily utilizes high-strength polyimide and fluoropolymer materials, suitable for extreme environments, and is applicable in aerospace wire and cable and high-performance electronic insulation fields [13][14]. - The cable film market in China is expected to grow at a compound annual growth rate of 6.8% over the next five years, driven by increasing demand in various sectors such as power transmission, communication, and electric vehicles [21][22]. Future Trends - The industry is moving towards greener, smarter, and more energy-efficient cable film materials, with a focus on customization to meet specific application needs [20][23]. - The Chinese government is actively supporting infrastructure development and material innovation, which is expected to further stimulate growth in the cable film sector [21][22].

Core Viewpoint - Jiangsu Panyam Micro透 Technology Co., Ltd. plans to increase capital in its associate company Changzhou Lingtian New Energy Technology Co., Ltd. with a total investment of 86 million RMB, consisting of 40 million RMB in cash and 46 million RMB in fixed and intangible assets related to the TRT cable film business, resulting in a controlling stake of 51% in Lingtian [1][3][14] Group 1: Investment Details - The capital increase will raise Lingtian's registered capital from 45.71633 million RMB to 68.04610 million RMB, with Panyam's shareholding increasing from 27.07% to 51.00% [3][14] - The investment is based on the company's overall development strategy and business needs, with an independent valuation conducted for both the target company and the assets involved [2][8] - The valuation of Lingtian's equity was determined using the income approach, resulting in a value of 175.4 million RMB, with a significant increase in value compared to previous assessments [9][19] Group 2: Related Party Transactions - The investment constitutes a related party transaction due to the ownership structure involving the actual controller's family members, but it does not meet the criteria for a major asset restructuring [4][20] - The transaction was approved by the board of directors and requires further approval from the shareholders' meeting [2][20] Group 3: Financial Performance of Target Company - As of December 31, 2024, Lingtian reported total assets of approximately 370.73 million RMB and total liabilities of about 304.44 million RMB, resulting in net assets of approximately 66.29 million RMB [6] - Lingtian's revenue for 2024 was approximately 86.27 million RMB, with a net profit of about 4.86 million RMB, indicating a decline in profitability compared to the previous year [6][18] Group 4: Strategic Implications - The transaction is expected to enhance the synergy between Panyam and Lingtian, allowing for an expansion of product lines and applications, thereby improving market competitiveness [3][16] - The partnership aims to leverage Lingtian's high-end cable products in emerging sectors such as new energy vehicles and aerospace, aligning with Panyam's strategic goals [16][19]

证券代码：688386 证券简称：泛亚微透 公告编号：2025-035 江苏泛亚微透科技股份有限公司 关于变更注册资本及修订《公司章程》并办理工商变更登记的公告 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个别及连带责任。 江苏泛亚微透科技股份有限公司（以下简称"公司"）于 2025 年 6 月 13 日 召开了第四届董事会第七次会议，审议通过了《关于变更注册资本及修订 <公司> 章程>并办理工商变更登记的议案》，该议案尚需提交公司股东会审议。现将具体 内容情况公告如下： 一、公司注册资本变更的相关情况 公司于 2025 年 5 月 20 日召开了公司 2023 年年度股东会，审议通过了《关 于 2024 年度利润分配预案的议案》，公司以实施权益分派股权登记日登记的总股 本为基数，以资本公积金向全体股东每 10 股转增 3 股，本次合计转增股本 更为人民币 91,000,000 元。具体内容详见公司于 2025 年 5 月 30 日在上海证券 交易所网站（www.sse.com.cn）披露的《泛亚微透 2024 年权益分派实施公告》 ...

Core Viewpoint - Jiangsu Panya Micro透 Technology Co., Ltd. plans to commission Jiangsu Yuanqing New Energy Technology Co., Ltd. for the development of key technology for high-humidity and durable reversible expanded polytetrafluoroethylene-based aerosol agents, with a transaction amount of 1 million RMB (including tax) [1][2]. Summary by Sections 1. Overview of Related Transactions - The company intends to commission Jiangsu Yuanqing for the development of key technology, with a transaction amount of 1 million RMB (including tax) [1]. 2. Basic Information of Related Parties - Jiangsu Yuanqing is a company in which the company holds a 25% stake, and the actual controller, Mr. Zhang Yun, serves as a director [2]. - Jiangsu Yuanqing was established on January 24, 2022, with a registered capital of 400 million RMB and total assets of 447.13 million RMB as of December 31, 2024 [2]. 3. Basic Information of the Transaction Target - The company is commissioning Jiangsu Yuanqing to develop a high-humidity and durable reversible expanded polytetrafluoroethylene-based aerosol agent and its preparation method [3]. 4. Pricing of the Transaction - The pricing of this related transaction follows fair and reasonable principles, determined through negotiation based on market prices [4]. 5. Main Content of the Technology Development Agreement - The agreement stipulates that Jiangsu Yuanqing must complete the development task by December 30, 2025, and submit preliminary results [4]. - Both parties agree to keep technical and commercial information confidential and share ownership of jointly developed intellectual property [4]. 6. Impact of Related Transactions on the Company - This related transaction is necessary for the company to develop a new generation of gas management products and aligns with its operational needs [5]. 7. Review Procedures for Related Transactions - The transaction has been approved by the company's board of directors, with related directors abstaining from voting [5].

《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（2023 年 12 月修订）》 《公司章程》及《公司独立董事工作制度》的规定。 全体独立董事本着认真、负责的态度，在认真阅读公司提供的资料，听取有 关人员的汇报并详细了解有关情况后，经出席会议的独立董事审议和表决，形成 以下决议： 一、审议通过《关于对参股公司增资暨关联交易的议案》 经审阅，我们认为：公司拟以货币加 TRT 电缆膜业务相关的固定资产及无形 资产对凌天达增资，增资金额为 8,600 万元人民币，本次增资完成后，公司持股 比例由 27.07%变更为 51.00%。凌天达成为公司控股子公司，将纳入公司合并报 表范围。通过此次关联交易，公司可以进一步加强双方的协同性，扩展公司的产 品线及产品应用领域，提升公司的综合实力以及市场竞争力，并减少关联交易。 因此，我们一致同意《关于对参股公司增资暨关联交易的议案》。 江苏泛亚微透科技股份有限公司 第四届董事会第五次独立董事专门会议决议 的方式召开。会议通知已于 2025 年 6 月 10 日通过微信、电话及电子邮件等方式 送达给独立董事，会议应出席独立董事 ...

Core Points - The company held its seventh meeting of the fourth supervisory board on June 13, 2025, where all resolutions were deemed legal and valid [1][2][3] Group 1: Capital Increase and Related Transactions - The supervisory board approved a proposal for capital increase and related transactions with a subsidiary, which complies with relevant laws and regulations, ensuring no significant impact on the company's financial status [1][2] - The company will increase its investment in Changzhou Lingtian Da New Energy Technology Co., Ltd. through cash and physical assets, pending shareholder approval [1][2] Group 2: New Related Transactions - The supervisory board approved a new related transaction involving a technology development contract with Jiangsu Yuanqing New Energy Technology Co., Ltd., affirming that the transaction is fair and does not harm the interests of non-related shareholders [2][3] Group 3: Loan Application - The company plans to apply for a fixed asset loan of up to RMB 120 million from China Everbright Bank for the intelligent manufacturing upgrade and expansion project of its dew point controller products [3] Group 4: Establishment of a Wholly-Owned Subsidiary - The supervisory board approved the establishment of a wholly-owned subsidiary in Wujin District, Changzhou, to enhance the company's strategic planning and competitiveness in the medical application field [3] Group 5: Capital Change and Articles of Association Revision - The company will change its registered capital from RMB 70 million to RMB 91 million following the completion of the 2024 equity distribution plan, necessitating revisions to its Articles of Association [4]