常州聚和新材料股份有限公司 内部控制审计报告 2024 年度 证明该审计报告是否由具有执业许 您可使用手机"扫一扫"或进入"注册会 立信会计师事务所(特殊普通合伙) DO CHINA SHU LUN PAN CERTIFIED PUBLIC ACCOUNTANTS LL 二、 注册会计师的责任 我们的责任是在实施审计工作的基础上,对财务报告内部控制的 有效性发表审计意见,并对注意到的非财务报告内部控制的重大缺陷 进行披露。 内部控制审计报告 信会师报字[2025]第 ZF10512 号 常州聚和新材料股份有限公司全体股东: 按照《企业内部控制审计指引》及中国注册会计师执业准则的相 关要求,我们审计了常州聚和新材料股份有限公司(以下简称"聚和 材料")2024年12月31日的财务报告内部控制的有效性。 一、 企业对内部控制的责任 按照《企业内部控制基本规范》、《企业内部控制应用指引》、《企 业内部控制评价指引》的规定,建立健全和有效实施内部控制,并评 价其有效性是聚和材料董事会的责任。 三、内部控制的固有局限性 内部控制具有固有局限性,存在不能防止和发现错报的可能性。 此外,由于情况的变化可能导致内部控制变得不 ...

国投证券股份有限公司 关于常州聚和新材料股份有限公司 2025 年度担保额度预计的核查意见 国投证券股份有限公司（以下简称"国投证券"或"保荐机构"）作为常州聚和 新材料股份有限公司（简称"聚和材料"或"公司"）首次公开发行股票并在科创板 上市的持续督导保荐机构，根据《中华人民共和国公司法》《中华人民共和国证 券法》《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，对聚和材料拟为全资子公司提供担保事项进行了审慎核查，具体核查情况和 核查意见如下： 一、2025 年度担保额度预计情况 （一）担保情况概述 为满足生产经营和发展需要，提高公司决策效率，在确保规范运作和风险可 控的前提下，2025 年度公司拟为全资子公司常州聚麒、德力聚、聚和（宜宾） 提供预计合计不超过人民币 160,000.00 万元的担保额度，其中为常州聚麒提供担 保不超过人民币 120,000.00 万元，为德力聚提供担保不超过人民币 30,000.00 万 元，为聚和（宜宾）提供担保不超过人民币 10,000.00 万元。具体担保金额、担 保期 ...

上海市广发律师事务所 关于常州聚和新材料股份有限公司 2023 年限制性股票激励计划相关事项的 法律意见 三 广发律师事务所 电话: 021-58358013 | 传真: 021-58358012 网址:http://www.gffirm.com | 电子信箱:gf@gffirm.com 办公地址:上海市浦东新区南泉北路 429 号泰康大厦 26 楼 | 邮政编码:200120 上海市广发律师事务所 关于常州聚和新材料股份有限公司 2023 年限制性股票激励计划相关事项的 法律意见 致:常州聚和新材料股份有限公司 上海市广发律师事务所(以下简称"本所")接受常州聚和新材料股份有限 公司(以下简称"公司")的委托,作为其实行 2023年限制性股票激励计划事 项(以下简称"本次激励计划")的专项法律顾问,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》"）、中国证券监督管理委员会(以下简称"中国证监会")颁布的《上 市公司股权激励管理办法》(2025 修正)(以下简称"《管理办法》")《上海 证券交易所科创板股票上市规则(2024年4月修订)》(以下简称"《 ...

Financial Performance - The company's operating revenue for Q1 2025 was CNY 2,993,996,794.13, representing a 1.38% increase compared to CNY 2,953,155,555.36 in the same period last year[3] - Net profit attributable to shareholders was CNY 89,653,255.21, an increase of 18.24% from CNY 75,820,998.98 year-on-year[3] - The net profit after deducting non-recurring gains and losses was CNY 88,586,887.29, reflecting a 5.90% increase from CNY 83,651,411.62 in the previous year[3] - Total operating revenue for Q1 2025 was CNY 2,993,996,794.13, a slight increase from CNY 2,953,155,555.36 in Q1 2024, representing a growth of approximately 1.4%[16] - Net profit for Q1 2025 reached CNY 88,000,715.86, compared to CNY 75,719,925.35 in Q1 2024, reflecting a growth of approximately 16.5%[17] - The total comprehensive income for Q1 2025 was CNY 96,674,355.93, compared to CNY 67,148,693.89 in Q1 2024, indicating a growth of approximately 43.9%[17] Cash Flow - The company's cash flow from operating activities showed a significant improvement, with a net cash flow of -CNY 118,723,764.85, compared to -CNY 1,282,072,447.70 in the same period last year[3] - In Q1 2025, the cash inflow from operating activities was CNY 2,858,924,656.37, an increase of 18.7% compared to CNY 2,407,421,724.12 in Q1 2024[19] - The net cash flow from operating activities was -CNY 118,723,764.85, improving from -CNY 1,282,072,447.70 in the same period last year[19] - The cash outflow for purchasing goods and services was CNY 2,642,999,185.40, down 24.3% from CNY 3,487,014,955.43 in Q1 2024[19] - The cash inflow from financing activities was CNY 570,369,940.63, a decrease of 51% compared to CNY 1,164,072,221.15 in Q1 2024[20] Assets and Liabilities - Total assets increased by 11.15% to CNY 8,865,341,271.42 from CNY 7,976,006,951.92 at the end of the previous year[4] - The company's current assets reached CNY 7,600,126,342.83, up from CNY 6,791,321,288.09, indicating an increase of about 11.93%[13] - The total liabilities as of March 31, 2025, are not explicitly stated but can be inferred to have increased alongside total assets[12] - Total liabilities as of the end of the reporting period were CNY 4,119,883,153.70, compared to CNY 3,333,701,000.79 in the previous year, representing an increase of approximately 23.6%[15] - The total liabilities increased to CNY 4,124,994,805.48 from CNY 3,564,720,239.85, indicating a rise of 15.7%[23] Shareholder Equity - Shareholders' equity attributable to the parent company rose by 2.26% to CNY 4,749,225,866.07 from CNY 4,644,421,160.13 at the end of the previous year[4] - Total equity attributable to shareholders increased to CNY 4,749,225,866.07 from CNY 4,644,421,160.13, showing a growth of about 2.3%[15] - The company's equity increased to CNY 4,909,500,617.94, up from CNY 4,804,554,244.00, showing a growth of 2.2%[23] Research and Development - Research and development (R&D) expenses totaled CNY 142,288,621.02, which is a decrease of 22.03% from CNY 182,480,676.96 in the previous year, accounting for 4.75% of operating revenue[4] - Research and development expenses for Q1 2025 were CNY 60,695,796.03, down from CNY 74,623,592.97 in Q1 2024, indicating a decrease of approximately 18.7%[16] - Research and development expenses decreased to ¥48,385,368.34 in Q1 2025 from ¥62,956,651.62 in Q1 2024, indicating a 23.3% reduction[25] Other Income and Expenses - Other income for Q1 2025 was CNY 47,226,517.49, significantly higher than CNY 15,257,485.15 in Q1 2024, reflecting an increase of about 209.5%[16] - The financial expenses for Q1 2025 were ¥5,892,549.45, slightly up from ¥5,291,007.85 in Q1 2024[25] - The company experienced a decrease in sales expenses, which were ¥6,481,242.11 in Q1 2025 compared to ¥8,127,268.62 in Q1 2024, reflecting a 20.2% reduction[25]

Dividend and Profit Distribution - The company plans to distribute a cash dividend of 4.3447 CNY per 10 shares, totaling approximately 100,001,094.87 CNY (including tax) based on a total share capital of 230,168,009 shares after accounting for repurchased shares[5]. - The total amount for cash dividends and share repurchases is 619,955,155.97 CNY, which represents 148.31% of the net profit attributable to shareholders of the parent company for the year[5]. - The profit distribution plan is subject to approval at the company's shareholders' meeting[6]. - The net profit attributable to shareholders for the most recent fiscal year is 418,009,685.39 RMB, with the cash dividend amounting to 23.92% of this net profit[188]. - The company has accumulated a total cash dividend of 280,038,606.95 RMB over the last three fiscal years, with an average cash dividend ratio of 65.12%[189]. - The company’s cash dividend policy prioritizes cash dividends, aiming for a minimum of 10% of distributable profits to be allocated as cash dividends annually[179]. - The company’s cash dividend policy is in compliance with its articles of association and has been approved by the board of directors[186]. Financial Performance - The company reported a revenue of 1.5 billion RMB for the fiscal year 2023, representing a year-over-year growth of 20%[16]. - The company's operating revenue for 2024 reached CNY 12.49 billion, representing a 21.35% increase compared to CNY 10.29 billion in 2023[24]. - The net profit attributable to shareholders for 2024 was CNY 418 million, a decrease of 5.45% from CNY 442 million in 2023[24]. - The basic earnings per share for 2024 was CNY 1.77, down 3.28% from CNY 1.83 in 2023[23]. - The company achieved a cumulative efficiency gain of +0.2% in the photovoltaic conductive paste sector, with significant breakthroughs in metalization technologies such as LECO high-performance silver paste and anti-UV degradation silver paste[39]. - The company reported a significant increase in revenue, achieving a total of $1.2 billion for the quarter, representing a 15% year-over-year growth[152]. - The gross margin improved to 45%, up from 42% in the previous quarter[152]. Research and Development - Research and development investment increased by 30% to 300 million RMB, focusing on advanced solar technologies[16]. - The company’s R&D investment as a percentage of operating revenue increased to 6.74% in 2024, up from 6.24% in 2023[23]. - R&D investment reached 842 million RMB, accounting for 6.74% of operating revenue, indicating a strong commitment to technological innovation[38]. - The company has developed a new generation of photovoltaic module packaging adhesives and other functional materials, enhancing its product offerings[36]. - The company is focusing on developing multi-functional composite pastes for applications in electric vehicles and 5G communication devices, enhancing its competitive edge in the market[60]. - The company achieved a total R&D expenditure of ¥841,880,159.18, representing a 31.01% increase compared to the previous year[69]. - The company applied for 15 new patents during the reporting period, with a total of 431 patents applied for to date[67]. Market Expansion and Strategy - The company is expanding its market presence in Southeast Asia, targeting a 10% market share by 2025[16]. - A strategic acquisition of a local competitor is anticipated to be finalized by Q2 2024, expected to add 500 million RMB in annual revenue[16]. - The company plans to enhance its supply chain resilience by diversifying suppliers, reducing dependency on single sources[16]. - The company aims to deepen collaboration in upstream and downstream markets, enhancing revenue and establishing a competitive moat[37]. - The company is considering strategic acquisitions to enhance its market position, with a budget of $300 million allocated for potential deals[152]. - The company plans to enter two new international markets by the end of the year, projected to increase overall market share by 10%[154]. Governance and Compliance - The company has received a standard unqualified audit report from its accounting firm, indicating the financial statements are true, accurate, and complete[5]. - The company has not faced any significant risks that could materially impact its operations during the reporting period[4]. - The company has not reported any non-operating fund occupation by controlling shareholders or related parties[8]. - The company has not violated any decision-making procedures regarding external guarantees[8]. - The company emphasizes that forward-looking statements regarding future plans and strategies do not constitute substantive commitments to investors[7]. - The company held a total of 4 shareholder meetings during the reporting period, ensuring all shareholders could exercise their legal rights[143]. - The board of directors consists of 9 members, including 3 independent directors, complying with legal and regulatory requirements[143]. Risks and Challenges - The company faces risks related to raw material price fluctuations, particularly silver powder, which can significantly impact operating performance if not managed properly[85]. - High customer concentration poses risks, as changes in the financial health of key clients could adversely affect the company's performance[85]. - The company faced risks related to accounts receivable collection due to potential economic downturns and increased competition[87]. Employee and Talent Management - The number of R&D personnel increased to 265, accounting for 37.54% of the total workforce, compared to 244 and 38.49% in the previous period[79]. - The company has established a comprehensive R&D system, focusing on new technologies and products, with significant investments to enhance innovation capabilities in response to the evolving photovoltaic industry[80]. - The company has implemented a training plan in place to align employee development with corporate strategy and operational goals[177]. - The company has a diverse management team with members holding positions in other companies, indicating a broad network and experience[158]. Future Outlook - The company projects a revenue guidance of 1.8 billion RMB for the next fiscal year, reflecting an expected growth of 20%[16]. - The company aims to achieve carbon neutrality by 2030, implementing sustainable practices across operations[16]. - The company is committed to expanding its customer base and increasing sales revenue by enhancing its product offerings in the photovoltaic conductive paste sector[137]. - The management team emphasized the importance of sustainability initiatives, committing to reduce carbon emissions by 30% over the next five years[154].

聚和材料 常州聚和新材料股份有限公司 证券投资与金融衍生品交易管理制度 第一章 总 则 第一条 为规范常州聚和新材料股份有限公司（以下简称"公司"）及下属 子公司证券投资与金融衍生品交易的管理，防范投资风险，强化风险控制，保护 投资者的权益和公司利益，根据《中华人民共和国公司法》《中华人民共和国证 券法》《上海证券交易所科创板股票上市规则》《上市公司信息披露管理办法》《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》及《常州聚和新 材料股份有限公司章程》（以下简称"《公司章程》"）等有关规定，结合公司实际 情况，特制定本制度。 第二条 本制度所称证券投资，包括新股配售或者申购、证券回购、股票及 存托凭证投资、债券投资、委托理财以及上海证券交易所认定的其他投资行为。 其中，委托理财是指公司委托银行、信托、证券、基金、期货、保险资产管理机 构、金融资产投资公司、私募基金管理人等专业理财机构对其财产进行投资和管 理或者购买相关理财产品的行为。 （五）公司首次公开发行股票并上市前已进行的投资。 第三条 本制度适用于公司及合并报表范围内子公司（包括全资子公司和控 本制度所称的金融衍生品交易是指为满足正常生 ...

常州聚和新材料股份有限公司 2024年度独立董事履职情况报告 作为常州聚和新材料股份有限公司（以下简称"公司"）的独立董事，根 据《中华人民共和国公司法》（以下简称"《公司法》"）、《中华人民共和 国证券法》（以下简称"《证券法》"）、《上市公司独立董事管理办法》、 《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》等法律、 法规、规范性文件以及《常州聚和新材料股份有限公司章程》（以下简称 "《公司章程》"）、《常州聚和新材料股份有限公司独立董事工作制度》等 有关规定，我在 2024 年度任职期间，勤勉、尽责、忠实履行职务，积极出席相 关会议，对各项议案进行认真审议，对公司重大事项发表了独立意见，充分发 挥了独立董事的作用，切实维护了公司和股东的利益，有效促进了公司的规范 运作。现就本人在 2024 年度任职期间履行独立董事职责的情况报告如下： 一、 独立董事的基本情况 （一）独立董事人员情况 公司董事会由 9 名董事组成，其中独立董事 3 人，占董事会人数三分之一， 符合相关法律法规及公司制度的规定。 （二）独立董事任职董事会专门委员会的情况 本人在公司第四届董事会审计委员会担任主任委员，在 ...

常州聚和新材料股份有限公司 2024年度独立董事履职情况报告 作为常州聚和新材料股份有限公司（以下简称"公司"）的独立董事，根 据《中华人民共和国公司法》（以下简称"《公司法》"）、《中华人民共和 国证券法》（以下简称"《证券法》"）、《上市公司独立董事管理办法》、 《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》等法律、 法规、规范性文件以及《常州聚和新材料股份有限公司章程》（以下简称 "《公司章程》"）、《常州聚和新材料股份有限公司独立董事工作制度》等 有关规定，我在 2024 年度任职期间，勤勉、尽责、忠实履行职务，积极出席相 关会议，对各项议案进行认真审议，对公司重大事项发表了独立意见，充分发 挥了独立董事的作用，切实维护了公司和股东的利益，有效促进了公司的规范 运作。现就本人在 2024 年度任职期间履行独立董事职责的情况报告如下： （二）独立董事任职董事会专门委员会的情况 本人在公司第四届董事会提名委员会担任主任委员，在董事会战略委员会 及薪酬与考核委员会担任委员。 （三）个人工作履历、专业背景以及兼职情况 罗英梅女士，1976 年生，中国国籍，无境外永久居留权，本科学历，北京 ...

聚和材料 常州聚和新材料股份有限公司 独立董事工作制度 第一章 总 则 第一条 为进一步完善公司治理结构，促进公司规范运作，根据《中华人民 共和国公司法》（以下称"《公司法》"）、《上市公司治理准则》、《上市公 司独立董事管理办法》（以下简称"《独立董事管理办法》"）、《上海证券交 易所科创板股票上市规则》（以下简称"《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》（以下简称"《规范运 作》"）和《常州聚和新材料股份有限公司章程》（以下简称"《公司章程》"） 的有关规定，制定本制度。 第二章 独立董事的任职条件和独立性 第二条 公司独立董事是指不在公司担任除董事外的其他职务，并与公司及 其主要股东、实际控制人不存在直接或间接利害关系，或者其他可能影响其进行 独立客观判断的关系的董事。 独立董事应当独立履行职责，不受公司及公司主要股东、实际控制人等单位 或者个人的影响。 独立董事不得在本公司担任除独立董事之外的其他任何职务。 第三条 独立董事对公司及全体股东负有忠实与勤勉义务。独立董事应当按 照相关法律法规、行政法规、中国证券监督管理委员会（以下简称"中国证监会"） 规定、 ...

第一条 为规范常州聚和新材料股份有限公司（以下简称"公司"）股东会 的表决机制，保护投资者合法权益，根据《中华人民共和国公司法》、中国证监 会《上市公司股东会规则》、《上市公司股东会网络投票实施细则（2015年修订）》 等相关法律、行政法规、规章、规范性文件和《常州聚和新材料股份有限公司章 程》（以下简称"《公司章程》"）的规定，特制订本细则。 第二条 本细则所称公司股东会网络投票系统（以下简称"网络投票系统"） 是指上海证券交易所利用网络与通信技术，为公司股东非现场行使股东会表决权 提供服务的信息技术系统。网络投票系统包括上海证券交易所交易系统、互联网 投票系统。 第三条 公司召开股东会，除现场会议投票外，应尽可能向股东提供安全、 经济、便捷的股东会网络投票服务，方便股东行使表决权。 对于审计委员会或股东自行召集的股东会，且公司董事会不予配合的情形， 股东会召集人可比照本细则的规定办理网络投票的相关事宜。 常州聚和新材料股份有限公司 股东会网络投票实施细则 第一章 总 则 第四条 股东会股权登记日登记在册的所有股东，均有权通过网络投票系统 行使表决权，但同一股份只能选择现场投票、网络投票或符合规定的其他投票 ...