明冠新材料股份有限公司 2024 年度独立董事述职报告（彭辅顺） 本人作为明冠新材料股份有限公司（以下简称"公司"）的独立董事，严格按照 《中华人民共和国公司法》《中华人民共和国证券法》《上市公司独立董事管理办法》 等相关法律法规及《明冠新材料股份有限公司章程》《独立董事工作制度》的要求和 规定，勤勉地履行独立董事的职责和义务，积极发挥独立董事的作用，对公司重大 事项发表客观审慎的独立意见，维护公司整体利益和全体股东尤其是中小股东的合 法权益。现将本人 2024 年履职情况汇报如下： 一、独立董事的基本情况 本人彭辅顺，1967年1月出生，中国国籍，无境外永久居留权，博士研究生学历。 1999年7月至今，历任湖南大学法学院讲师、教研室主任、副教授、教授；2012年5 月至今，任湖南通程律师事务所兼职律师。现任公司独立董事。本人在公司董事会 提名委员会担任主任委员，在审计委员会担任委员。 作为公司董事会独立董事，本人具有《上市公司独立董事管理办法》第六条、 《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》第4.4.2条所 要求的独立性及任职资格。在履职过程中，本人始终保持客观独立的判断、维护全 体 ...

明冠新材料股份有限公司 2024 年度独立董事述职报告（张国利） 本人作为明冠新材料股份有限公司（以下简称"公司"）的独立董事，严格按照 《中华人民共和国公司法》《中华人民共和国证券法》《上市公司独立董事管理办法》 等相关法律法规及《明冠新材料股份有限公司章程》《独立董事工作制度》的要求和 规定，勤勉地履行独立董事的职责和义务，积极发挥独立董事的作用，对公司重大 事项发表客观审慎的独立意见，维护公司整体利益和全体股东尤其是中小股东的合 法权益。现将本人 2024 年履职情况汇报如下： 一、独立董事的基本情况 本人张国利，1964年生，中国国籍，无境外永久居留权，博士研究生学历，副 教授、研究员。曾获"国家科学技术进步二等奖"、"中国纺织工业协会联合会科学 技术进步奖一等奖""中国复合材料学会科学技术奖二等奖"等荣誉。1984年7月至 1998年7月，任天津纺织工学院纺织工程系助教、讲师；1998年8月至1999年10月， 任澳大利亚悉尼大学机械与电子工程系访问学者；1999年11月至今，历任天津工业 大学复合材料研究院副教授、研究员；2020年4月至今，任天津工大航泰复合材料有 限公司董事。现任本公司独立董事 ...

Financial Performance - The net profit attributable to the parent company's shareholders for 2024 is -67,077,291.60 CNY, indicating a loss for the year[7]. - The company's operating revenue for 2024 was CNY 863,876,804.15, a decrease of 38.13% compared to CNY 1,396,281,787.16 in 2023[25]. - The net profit attributable to shareholders for 2024 was CNY -67,077,291.60, compared to CNY -23,875,433.21 in 2023, indicating a significant decline[25]. - The net cash flow from operating activities decreased by 30.97% to CNY 146,616,567.55 in 2024 from CNY 212,401,993.61 in 2023[27]. - Basic earnings per share for 2024 were CNY -0.35, down from CNY -0.12 in 2023[26]. - The company's total assets at the end of 2024 were CNY 2,930,939,896.14, a decrease of 13.96% from CNY 3,406,609,846.37 at the end of 2023[26]. - The company's total liabilities decreased by 31.89% due to a reduction in income tax payable[126]. - The company reported a significant reduction in inventory by 39.99% to ¥94,378,849.94, reflecting decreased stock levels[125]. - The company reported a significant decrease in rental liabilities due to reduced lease terms for the Vietnam factory, resulting in a 100% decrease[126]. Dividend Policy - The company plans not to distribute cash dividends or increase capital reserves due to the negative net profit, opting to carry forward undistributed profits to future years[7]. - The company plans to distribute no cash dividends for the fiscal year 2023, with a total of 214,097,519.04 RMB spent on share repurchases, representing 896.73% of the net profit attributable to shareholders[186]. - For the fiscal year 2024, the company also intends to refrain from cash dividends, with a projected net loss of 67,077,291.60 RMB and available distributable profits of 533,749,304.56 RMB[187]. - The cumulative cash dividends over the last three fiscal years amount to 35,101,137.96 RMB, with no share repurchases during this period[191]. - The average annual net profit over the last three fiscal years is reported at 4,648,517.90 RMB, resulting in a cash dividend ratio of 755.10%[192]. - The company’s cash dividend policy emphasizes a minimum cash dividend ratio of 80% for mature companies without significant capital expenditure plans[185]. - The company’s profit distribution policy allows for cash or stock dividends, prioritizing cash dividends when conditions permit[184]. - The board of directors will consider industry characteristics, development stage, and profitability when proposing differentiated cash dividend policies[185]. - The company has not proposed a cash profit distribution plan despite having positive distributable profits in the reporting period, as it is not applicable[189]. - The company’s cash flow must remain sufficient to ensure ongoing operations before implementing cash dividends[186]. Research and Development - Research and development expenses accounted for 4.74% of operating revenue in 2024, an increase from 3.94% in 2023[26]. - The company has accumulated 91 authorized patents, including 40 invention patents, and applied for 16 new patents during the reporting period[45]. - Total R&D expenditure for the year was approximately RMB 40.94 million, a decrease of 25.64% from the previous year, with R&D expenditure as a percentage of revenue increasing by 0.8 percentage points to 4.74%[76]. - The company is committed to advancing research in photovoltaic technology, particularly in the area of perovskite solar cells[80]. - The company is focused on enhancing its core technology capabilities to drive future growth[155]. - The company plans to invest $10 million in new technology development over the next year[158]. - The company aims to enhance product competitiveness by providing differentiated encapsulation solutions for various battery and component technologies, focusing on innovation and collaboration with higher education institutions[144]. - The company is developing new packaging solutions for N-type high-efficiency components, including "solar cell packaging film + intelligent grid film + solar cell backsheet" to address technical challenges[67]. - The company has developed a high-performance polymer film product that can replace TPT/KPK structures, enhancing the reliability of solar cell backsheets[88]. - The company has successfully developed high-performance special adhesives for composite film materials, enhancing bonding strength and durability[89]. Market Environment - The company is facing a challenging market environment with declining demand and prices in the solar energy sector, impacting overall financial performance[27]. - The company experienced a significant decline in sales volume and prices for solar battery backsheets due to technological iterations and intensified market competition[27]. - The price of photovoltaic components has decreased significantly, with a 29% drop in component prices, leading to a competitive market environment[58]. - The company’s solar cell backsheet sales volume and revenue are projected to decline by over 60% in 2024 due to overcapacity and intensified price competition[59]. - The newly installed photovoltaic capacity in China reached 277.57 GW in 2024, a year-on-year increase of 28.3%, with a record monthly installation of 71.27 GW in December[56]. - The production of crystalline silicon modules in China is estimated at 588 GW in 2024, reflecting a year-on-year growth of 13.5%, while the export volume reached 238.8 GW, up 12.8% year-on-year[56]. - The global lithium battery packaging material market is expected to see a slight increase of 5.6% in aluminum-plastic film shipments, reaching 450 million square meters in 2024[62]. - The market share of N-type photovoltaic modules has rapidly increased from 24.7% in 2023 to 72.5% in 2024, driving demand for high-performance packaging films[65]. Corporate Governance - The company has received a standard unqualified audit report from Tianjian Accounting Firm[6]. - The board of directors has fully attended the board meeting to approve the annual report[5]. - The company has not disclosed any special arrangements for corporate governance[8]. - The company has held 7 board meetings during the reporting period, ensuring compliance with legal and regulatory requirements[148]. - The company will enhance investor relations by responding promptly to inquiries and maintaining effective communication with investors[149]. - The company has established an effective internal control system that ensures the authenticity and fairness of financial reporting, with no significant defects found during the reporting period[195]. - The internal control audit conducted by Tianjian Accounting Firm resulted in a standard unqualified opinion, confirming the effectiveness of the company's internal control design and execution[197]. Risk Management - The company has detailed various risks and countermeasures in its report, emphasizing the importance of understanding these risks for investors[4]. - The company is exposed to macroeconomic risks, including potential adverse impacts from international trade tensions, particularly between the U.S. and China[97]. - The company highlighted the need for continuous R&D investment to maintain product competitiveness amid rapid technological changes in the industry[96]. - The company is committed to risk control, identifying potential risks in strategic investments, inventory, fixed assets, and accounts receivable to ensure sustainable development[144]. Social Responsibility - The company has committed a total of 84,500 CNY to social responsibility initiatives, including educational support for underprivileged areas[47]. - The company emphasizes ESG management, focusing on environmental protection and social responsibility as core components of its corporate strategy[198]. - The company invested 1.2643 million yuan in environmental protection during the reporting period[200]. - The company's ESG rating from Wind Information Technology Co., Ltd. is BBB, reflecting its commitment to sustainable practices[199].

Financial Performance - The company's operating revenue for Q1 2025 was ¥173,615,005.88, a decrease of 46.94% compared to ¥327,216,637.61 in the same period last year[4] - The net profit attributable to shareholders was -¥23,171,501.27, representing a decline of 392.22% from a profit of ¥7,929,437.16 in the previous year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥23,973,840.65, down 422.17% from ¥7,441,384.76 year-on-year[4] - Basic and diluted earnings per share were both -¥0.12, a decrease of 400.00% from ¥0.04 in the previous year[4] - The net profit for Q1 2025 was a loss of ¥23,171,501.27, compared to a net profit of ¥7,929,437.16 in Q1 2024[19] - The gross profit margin for Q1 2025 was negative, indicating a challenging cost structure compared to the previous year[18] Cash Flow and Liquidity - The net cash flow from operating activities was -¥128,634,007.34, compared to -¥55,347,675.72 in the same period last year, indicating a significant cash flow challenge[4] - The cash flow from operating activities in Q1 2025 was a net outflow of ¥128,634,007.34, worsening from a net outflow of ¥55,347,675.72 in Q1 2024[20] - The net cash flow from investing activities was -37,711,404.97, compared to -44,110,267.03 in the previous period[21] - The net cash flow from financing activities was -1,010,209.63, down from -44,918,532.91 in the prior period[21] - The net decrease in cash and cash equivalents was -168,446,969.61, compared to -145,322,594.43 in the previous period[21] - The ending balance of cash and cash equivalents was 1,392,957,813.85, down from 1,573,652,131.50[21] - The beginning balance of cash and cash equivalents was 1,561,404,783.46, indicating a significant cash outflow during the period[21] Assets and Liabilities - The company's total assets at the end of the reporting period were ¥2,892,130,558.84, a decrease of 1.32% from ¥2,930,939,896.14 at the end of the previous year[5] - Total liabilities decreased to ¥174,434,038.92 in Q1 2025 from ¥188,675,343.63 in Q1 2024, reflecting a reduction in financial obligations[16] - The company's total liabilities decreased to ¥1,200,000,000 from ¥1,250,000,000, reflecting a reduction of 4%[15] - Total assets decreased to ¥2,892,130,558.84 from ¥2,930,939,896.14, a reduction of about 1.3%[15] Shareholder Information - Total number of common shareholders at the end of the reporting period is 9,165[10] - The largest shareholder, Yan Hongjia, holds 51,000,000 shares, representing 25.34% of total shares[11] - The repurchase account holds 12,627,198 shares, accounting for 6.27% of the total shares[12] - The company has not reported any significant changes in shareholder participation in margin trading or securities lending[12] Market and Competition - The decline in revenue was primarily due to the impact of photovoltaic cell technology iteration and intensified market competition, leading to a significant drop in sales prices of solar packaging films[8] - The increase in net profit loss was attributed to intensified market competition, with sales price declines outpacing raw material price decreases, resulting in a lower gross margin[8] Research and Development - Research and development expenses totaled ¥8,454,432.60, accounting for 4.87% of operating revenue, an increase of 2.18 percentage points from 2.69% in the previous year[5] Credit and Impairment - The company incurred a significant increase in credit impairment losses, amounting to ¥4,895,128.64 in Q1 2025 compared to ¥2,086,091.37 in Q1 2024[19] Accounting Changes - The company plans to implement new accounting standards starting in 2025, which may affect financial reporting[21]

中信建投证券股份有限公司 根据中国证券监督管理委员会《关于同意明冠新材料股份有限公司向特定对 象发行股票注册的批复》（证监许可〔2022〕2040 号），公司获准向特定对象增 1 发人民币普通股（A 股）股票 3,721.42 万股，每股发行价格为人民币 45.02 元， 募集资金总额为人民币 167,538.25 万元，扣除发行费用人民币（不含增值税） 1,950.09 万元后，实际募集资金净额为人民币 165,588.15 万元。本次发行募集资 金已于 2022 年 11 月 22 日全部到位，并经天健会计师事务所（特殊普通合伙） 审验，于 2022 年 11 月 23 日出具了《验资报告》（天健验〔2022〕3-108 号）。 关于明冠新材料股份有限公司 2024 年度募集资金存放与使用情况的专项核查报告 中信建投证券股份有限公司（以下简称"中信建投证券""保荐人"或"持 续督导机构"）作为明冠新材料股份有限公司（以下简称"明冠新材""公司"或 "发行人"）首次公开发行股票及 2022 年度向特定对象发行 A 股股票的持续督 导机构，根据《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 ...

明冠新材料股份有限公司 董事会审计委员会对 2024 年度会计师事务所履行监督职责情况报告 根据《中华人民共和国公司法》《中华人民共和国证券法》《国有企业、上市公 司选聘会计师事务所管理办法》和《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》等相关规范性文件的规定，以及明冠新材料股份有限公司（以 下简称"公司"）《审计委员会工作细则》的有关规定，现将董事会审计委员会对 2024 年度会计师事务所履行监督职责的情况汇报如下： 一、2024 年年审会计师事务所基本情况 （一）会计师事务所基本情况 天健会计师事务所（特殊普通合伙）（以下简称"天健所"）成立于 2011 年 7 月，注册地址为浙江省杭州市西湖区灵隐街道西溪路 128 号，首席合伙人为钟建国 先生，拥有财政部颁发的会计师事务所执业证书。截至 2024 年 12 月 31 日，天健所 合伙人数量为 241 人，注册会计师 2,356 人，其中签署过证券服务业务审计报告的 注册会计师 904 人。2024 年度上市公司（含 A、B 股）审计客户共计 707 家，收费 总额人民币 7.20 亿元。这些上市公司主要行业涉及制造业，信息传输、 ...

证券代码：688560 证券简称：明冠新材 公告编号：2025-011 明冠新材料股份有限公司 关于会计政策变更的公告 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。 （二）变更前采用的会计政策 本次会计政策变更前，公司执行财政部颁布的《企业会计准则——基本准则》 各项具体会计准则、企业会计准则应用指南、企业会计准则解释公告以及其他相 关规定。 本次会计政策变更系明冠新材料股份有限公司（以下简称"公司"）根 据中华人民共和国财政部（以下简称"财政部"）发布的《企业会计准则解释第 17 号》（财会〔2023〕21 号）、《企业数据资源相关会计处理暂行规定》（财 会〔2023〕11 号）、《企业会计准则解释第 18 号》（财会〔2024〕24 号）的要 求进行的相应变更，不会对公司的财务状况、经营成果和现金流量产生重大影响。 本次会计政策变更无需提交董事会和股东大会审议。 一、本次会计政策变更概述 （一）会计政策变更的原因 财政部于2023年10月25日公布了《企业会计准则解释第17号》（财会〔2023〕 21 号，以下简称"解 ...

明冠新材料股份有限公司 2024 年度董事会审计委员会履职报告 根据《中华人民共和国公司法》《中华人民共和国证券法》《上市公司治理准则》 和《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》等法律、法规及相关规范性文件的规定，以及《明冠 新材料股份有限公司章程》、明冠新材料股份有限公司（以下简称"公司"）《审计委 员会工作细则》的有关规定，报告期内，公司董事会审计委员会本着勤勉尽责的原 则，认真履行了审计监督职责，切实有效地开展了工作。现将审计委员会 2024 年度 履职情况报告如下： 一、审计委员会基本情况 公司第四届董事会审计委员会由 3 名成员组成，分别为独立董事罗书章、彭辅 顺、非独立董事闫勇，其中主任委员由会计专业人士罗书章担任。 二、审计委员会会议召开情况 2024 年，审计委员会积极履行职责，共召开 5 次会议，会议的组织、召开及表 决均符合相关法律、法规及规范性文件和《公司章程》等相关规定。公司全体审计 委员会委员参加了各次会议，会议议案全部审议通过。具体情况如下： 1、2024 年 3 月 24 日召开了审计委员会 2024 年第一次会议 ...

证券代码：688560 证券简称：明冠新材 公告编号：2025-015 明冠新材料股份有限公司 关于 2025 年开展远期结汇业务的公告 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： 交易目的及种类：近年来人民币对美元和欧元的汇率持续波动，为适应 当前复杂多变的国际环境导致的外汇市场变化，以降低汇率波动对公司造成的不 利影响，公司（含合并报表范围内子公司）拟开展远期结汇等外汇衍生品业务， 只限于从事与公司生产经营所使用的主要结算货币相同的币种，主要外币币种包 括但不限于美元、港币、欧元等跟实际业务相关的币种。 交易金额及期限：累计总额不超过 1,500 万美元，额度使用期限为自公 司董事会审议通过之日起 12 个月内。 决策程序：公司于 2025 年 4 月 28 日召开的第四届董事会第二十六次会 议、第四届监事会第二十一次会议，分别审议通过了《关于开展远期结汇业务的 议案》，本次事项属于公司董事会决策权限，无需提交股东大会审议。 交易场所：经国家外汇管理局和中国人民银行批准、具有远期结汇等外 汇衍生品业务 ...