证券代码：688386 证券简称：泛亚微透 公告编号：2026-003 江苏泛亚微透科技股份有限公司 关于开立募集资金专项账户并签订募集资金专户存储 三方监管协议的公告 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。 一、募集资金基本情况 三、《募集资金专户存储三方监管协议》的主要内容 1、工商银行 （一）实际募集资金金额、资金到位情况 经中国证券监督管理委员会出具的《关于同意江苏泛亚微透科技股份有限公 司向特定对象发行股票注册的批复》（证监许可〔2026〕82 号），江苏泛亚微透 科技股份有限公司（以下简称"公司"或 "泛亚微透"）向特定对象发行人民币 普通股(A 股)8,608,958 股，每股面值人民币 1.00 元，发行价格为 78.00 元/股， 募集资金总额为人民币 671,498,724.00 元，扣除不含增值税发行费用人民币 6,938,679.22 元，实际募集资金净额为人民币 664,560,044.78 元。 上述募集资金已于 2026 年 2 月 5 日到位，经天健会计师事务所（特殊普通 合伙）审 ...

证券代码：688386 证券简称：泛亚微透 公告编号：2026-002 本 次 发 行 的 具 体 情 况 详 见 公 司 同 日 披 露 于 上 海 证 券 交 易 所 网 站 (www.sse.com.cn)的《江苏泛亚微透科技股份有限公司向特定对象发行股票发行 情况报告书》等相关文件。 特此公告。 江苏泛亚微透科技股份有限公司 董事会 2026 年 2 月 13 日 江苏泛亚微透科技股份有限公司 关于向特定对象发行股票发行情况的提示性的公告 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"）2025 年度向特定对 象发行 A 股股票（以下简称"本次发行"）发行承销总结及相关文件已经上海证 券券交易所备案通过，公司将根据相关规定尽快办理本次发行新增股份的登记托 管事宜。 ...

Core Viewpoint - The company has received a patent for a graphene-based component aimed at improving automotive lighting defogging, which enhances its intellectual property portfolio and supports technological innovation [1] Group 1: Patent Details - The patent is titled "Graphene Carbon Heat Conductive Sheet and Reversible Desiccant Membrane Combination for Automotive Lighting Defogging" [1] - The patent number is ZL202510196939.8, with an application date of February 21, 2025, and an announcement date of January 30, 2026 [1] - The patent is granted for a duration of 20 years [1] Group 2: Impact on the Company - The patent is not expected to have a significant immediate impact on the company's operations [1] - It contributes to the enhancement of the company's intellectual property protection system [1] - The patent is anticipated to promote technological innovation and improve the company's core competitiveness [1]

Core Viewpoint - The company has received a granted invention patent from the National Intellectual Property Administration for a technology related to automotive lighting defogging, which reflects the company's core technological capabilities and enhances its intellectual property protection system [1] Group 1 - The patent is titled "Graphene Carbon Heat Conductive Sheet and Reversible Desiccant Membrane Combination for Automotive Lighting Defogging" [1] - The patent application date is February 21, 2025, and the authorization announcement date is January 30, 2026, with a validity period of 20 years [1] - Although the patent will not have a significant impact on the company's short-term operations, it is expected to promote technological innovation and enhance core competitiveness [1]

Investment Rating - The report assigns a "Buy-B" rating to the company, indicating a positive outlook for its stock performance in the near term [10]. Core Insights - The company is expected to achieve revenue growth from 7.19 billion to 14.17 billion yuan from 2025 to 2027, with a significant increase in net profit projected during the same period [8][12]. - The company is actively expanding its production capacity through a private placement, raising up to 671 million yuan for projects including intelligent manufacturing upgrades and the development of low-dielectric loss flexible copper-clad laminates (FCCL) [4][6]. - The company has seen robust revenue growth of 42.04% year-on-year in the first three quarters of 2025, with net profit increasing by 36.17% [5]. Financial Performance - For the first three quarters of 2025, the company reported revenues of 500 million yuan and a net profit of 91 million yuan, with quarterly revenues showing consistent growth [5]. - The company's earnings per share (EPS) are projected to rise from 1.64 yuan in 2025 to 3.43 yuan by 2027, reflecting strong profitability [12][14]. - The return on equity (ROE) is expected to improve from 17.2% in 2025 to 22.6% in 2027, indicating enhanced efficiency in generating profits from shareholders' equity [12]. Market Position and Strategy - The company is increasing its stake in Lingtianda to 51%, enhancing its position in the wire and cable sector, which is expected to become a significant growth driver [7]. - The demand for the company's products, particularly in the automotive sector, is anticipated to grow rapidly due to trends in electrification and smart technology [6]. - The company aims to break the foreign monopoly in high-end FCCL materials, which are currently dominated by companies like DuPont and Panasonic, thereby enhancing its competitive edge [6].

Investment Rating - The report assigns a "Buy-B" rating to the company, indicating a positive outlook for its stock performance in the near term [10]. Core Insights - The company is expected to achieve revenue growth from 7.19 billion to 14.17 billion yuan from 2025 to 2027, with a compound annual growth rate (CAGR) of approximately 39.7% [8]. - The company has shown robust revenue growth of 42.04% year-on-year for the first three quarters of 2025, with net profit increasing by 36.17% [5]. - The company is actively expanding its production capacity through a private placement, raising up to 671 million yuan for projects including intelligent manufacturing upgrades and research center construction [4][6]. Financial Performance - For the first three quarters of 2025, the company reported revenues of 500 million yuan and a net profit of 91 million yuan, with quarterly revenues showing consistent growth [5]. - The earnings per share (EPS) for 2025 is projected to be 1.64 yuan, with a dynamic price-to-earnings (P/E) ratio of 59.2 [10]. - The company’s net asset return rate (ROE) is expected to increase from 10.65% in 2025 to 22.6% by 2027 [3][12]. Market Position and Strategy - The company is focusing on the automotive electrification and intelligence trends, which are driving demand for its CMD products [6]. - The company has increased its stake in Lingtianda to 51%, enhancing its position in the wire and cable sector, which is expected to become a significant growth driver [7]. - The company aims to break the foreign monopoly in the high-frequency flexible copper-clad laminate (FCCL) market through its new projects, thereby enhancing its competitive edge [6].

Group 1 - The core point of the article highlights the performance and market position of Jiangsu Pana Micro Porous Technology Co., Ltd., which saw a stock price increase of 5.08% to 96.03 CNY per share, with a total market capitalization of 8.739 billion CNY [1] - The company specializes in the research, production, and sales of expanded polytetrafluoroethylene (ePTFE) membranes and other micro-porous materials, with its main revenue sources being ePTFE micro-porous products (35.76%), CMD (14.94%), seals (13.74%), and others [1] - The trading volume for the stock was 1.57 billion CNY, with a turnover rate of 1.87% [1] Group 2 - From the perspective of major shareholders, Huatai PineBridge Fund's Huatai Growth Focus Mixed Fund increased its holdings by 117,700 shares, bringing its total to 1.3273 million shares, which represents 1.46% of the circulating shares [2] - The fund has achieved a year-to-date return of 3.99% and a one-year return of 30.89%, ranking 3,745 out of 8,123 in its category [2] - The fund manager, Chen Xiaoyang, has been in charge for 4 years and has a total fund size of 3.312 billion CNY [2] Group 3 - The Huatai Growth Focus Mixed Fund reduced its holdings in Pana Micro Porous by 327,800 shares in the fourth quarter, now holding 999,500 shares, which accounts for 2.64% of the fund's net value [3] - The estimated floating profit from the current holdings is approximately 463,790 CNY [3]

Group 1 - The company has been continuously expanding its overseas market for many years [2] - The company's products are now covering multiple countries and regions, including some EU member states [2] - The overall revenue contribution from the EU region is currently not significant [2] Group 2 - The company's sales in the EU market are primarily conducted through domestic entities exporting directly to EU customers [2]

证券简称：泛亚微透 证券代码：688386 江苏泛亚微透科技股份有限公司 2025 年度向特定对象发行股票 募集说明书 （注册稿） 保荐人（主承销商） （中国（上海）自由贸易试验区商城路 618 号） 二〇二五年十二月 江苏泛亚微透科技股份有限公司 募集说明书 声明 本公司及全体董事、高级管理人员承诺本募集说明书内容真实、准确、完 整，不存在虚假记载、误导性陈述或重大遗漏，按照诚信原则履行承诺，并承 担相应的法律责任。 本公司主要股东承诺本募集说明书内容真实、准确、完整，不存在虚假记 载、误导性陈述或重大遗漏，按照诚信原则履行承诺，并承担相应的法律责任。 中国证监会、上海证券交易所对本次发行所作的任何决定或意见，均不表 明其对注册申请文件及所披露信息的真实性、准确性、完整性作出保证，也不 表明其对本公司的盈利能力、投资价值或者对投资者的收益作出实质性判断或 保证。任何与之相反的声明均属虚假不实陈述。 根据《中华人民共和国证券法》的规定，股票依法发行后，本公司经营与 收益的变化，由本公司自行负责；投资者自主判断本公司的投资价值，自主作 出投资决策，自行承担股票依法发行后因本公司经营与收益变化或者股票价格 变动引 ...

Market Performance - The plastic sector increased by 0.97% on January 21, with Daon Co., Ltd. leading the gains [1] - The Shanghai Composite Index closed at 4116.94, up 0.08%, while the Shenzhen Component Index closed at 14255.12, up 0.7% [1] Top Gainers in Plastic Sector - Daon Co., Ltd. (002838) closed at 30.36, up 10.00% with a trading volume of 157,400 shares and a transaction value of 457 million [1] - Jiangsu Boyun (301003) closed at 49.22, up 9.11% with a trading volume of 39,100 shares and a transaction value of 188 million [1] - Pan-Asia Micro透 (688386) closed at 98.44, up 6.94% with a trading volume of 29,600 shares and a transaction value of 285 million [1] Market Capital Flow - The plastic sector experienced a net outflow of 33.89 million from institutional investors, while retail investors saw a net inflow of 45.1 million [2] - The overall net outflow from speculative funds was 418 million [2] Individual Stock Capital Flow - Jinfa Technology (600143) had a net inflow of 12.2 million from institutional investors, while it faced a net outflow of 98.76 million from retail investors [3] - Daon Co., Ltd. (002838) saw a net inflow of 10.3 million from institutional investors but a net outflow of 42.85 million from speculative funds [3] - BoFei Electric (001255) had a net inflow of 22.91 million from institutional investors, with a significant net outflow of 94.28 million from speculative funds [3]