Financial Performance - The company's operating revenue for Q1 2025 was ¥676,712,726.17, representing a 14.94% increase compared to ¥588,734,677.73 in the same period last year[4]. - Net profit attributable to shareholders increased by 38.23% to ¥34,423,046.89 from ¥24,902,873.99 year-on-year[4]. - The basic and diluted earnings per share rose by 33.33% to ¥0.12 from ¥0.09 in the previous year[5]. - Total revenue for Q1 2025 reached ¥676,712,726.17, an increase of 14.95% compared to ¥588,734,677.73 in Q1 2024[18]. - Net profit for Q1 2025 was ¥35,582,024.18, slightly higher than ¥35,011,438.19 in Q1 2024, indicating a growth of 1.63%[18]. - Operating profit for Q1 2025 was ¥30,266,830.80, compared to ¥32,189,954.36 in Q1 2024, showing a decrease of 5.97%[18]. - The company reported a total comprehensive income of ¥36,744,344.27 for Q1 2025, compared to ¥35,066,291.61 in Q1 2024, indicating an increase of 4.78%[19]. Research and Development - Research and development expenses totaled ¥67,736,304.05, accounting for 10.01% of operating revenue, up from 9.07% in the same period last year[5]. - Research and development expenses for Q1 2025 were ¥67,736,304.05, an increase of 26.88% from ¥53,405,265.79 in Q1 2024[18]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥10,521,624,428.67, a 12.44% increase from ¥9,357,432,565.16 at the end of the previous year[5]. - Total liabilities rose to ¥6,727,487,326.98, compared to ¥5,823,175,777.52 in the previous year, marking an increase of 15.5%[15]. - Shareholders' equity totaled ¥3,794,137,101.69, up from ¥3,534,256,787.64, reflecting a growth of 7.36%[15]. Cash Flow - The net cash flow from operating activities improved to -¥98,743,776.37, compared to -¥210,745,939.20 in the same period last year[4]. - In Q1 2025, the company reported cash inflows from operating activities of ¥753,612,667.84, an increase of 9.45% compared to ¥688,620,394.02 in Q1 2024[21]. - The total cash outflow for operating activities was ¥852,356,444.21, slightly lower than ¥899,366,333.22 in Q1 2024[21]. - Cash inflows from investment activities totaled ¥165,914,915.11, significantly higher than ¥77,848,367.15 in Q1 2024[22]. - Cash inflows from financing activities reached ¥1,700,080,847.53, a substantial increase from ¥398,727,115.21 in Q1 2024[22]. - The company's cash and cash equivalents increased to ¥2,091,335,051.19 as of March 31, 2025, compared to ¥1,179,360,029.79 at the end of 2024, reflecting a growth of approximately 77.4%[13]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 11,089[9]. - The largest shareholder, Wind Sail Holdings Limited, holds 50,789,200 shares, representing 17.39% of the total shares[9]. Strategic Focus - The company is focusing on market expansion strategies, particularly in the IC industry, to sustain growth momentum in the coming quarters[12]. - Revenue from the integrated circuit (IC) sector accounted for 51.2% of total income in Q1 2025, showing a strong reliance on this segment[12]. - The company reported that non-equipment (OPEX) business revenue share grew to 43% in Q1 2025, indicating a strategic shift towards service-oriented revenue[12]. Other Financial Activities - The company completed the issuance of convertible bonds on March 24, 2025, with the bonds listed for trading on April 3, 2025, under the name "正帆转债" and code "118053"[12]. - The employee stock ownership plan was finalized with a transfer of 6,104,603 shares on March 3, 2025, enhancing employee engagement[12].

国泰海通证券股份有限公司 关于上海正帆科技股份有限公司 2024 年度持续督导工作现场检查报告 上海证券交易所： 国泰海通证券股份有限公司（以下简称"国泰海通"、"保荐人"）作为上海 正帆科技股份有限公司（以下简称"正帆科技"、"发行人"或"公司"）向特定 对象发行股票的保荐人，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》 和《上海证券交易所上市公司自律监管指引第 11 号——持续督导》等有关法律 法规的规定，对公司 2024 年度（以下简称"本持续督导期间"）的规范运作情况 进行了现场检查，现就现场检查的有关情况报告如下： 一、本次现场检查的基本情况 （一）保荐人 国泰海通证券股份有限公司 （二）保荐代表人 张一鸣、谭同举 （三）现场检查时间 2025 年 4 月 23 日至 2025 年 4 月 25 日 （四）现场检查人员 张一鸣、谭同举、姚翰、艾明、黄名涵、徐锴、谈津宝 （五）现场检查内容 现场检查人员对本持续督导期内发行人公司治理及内部控制、信息披露、独 立性、与关联方的资金往来、募集资金使用情况、关联交易、对外担保、重大 ...

国泰海通证券股份有限公司 关于上海正帆科技股份有限公司 2025 年度对外担保预计的核查意见 （二）年度担保预计基本情况 上述担保额度预计将在下表所列（包括但不限于）全资和控股子公司之间分 配： 单位：万元 1 | 序号 | 被担保方 | 预计提供担保额度 | | --- | --- | --- | | 1 | 香港正帆国际贸易有限公司 | 25,000.00 | | 2 | 合肥正帆电子材料有限公司 | 30,000.00 | | 3 | 正帆百泰（苏州）科技有限公司 | 15,000.00 | | 4 | 正帆科技（丽水）有限公司 | 20,000.00 | | 5 | 正帆科技（潍坊）有限公司 | 10,000.00 | | 6 | 上海徕风工业科技有限公司 | 50,000.00 | | 7 | 正帆科技（湖州）有限公司 | 10,000.00 | | 8 | 铜陵正帆电子材料有限公司 | 30,000.00 | | 9 | 上海鸿舸技研科技有限公司 | 5,000.00 | | 10 | 鸿舸半导体设备（上海）有限公司 | 20,000.00 | | 11 | 芜湖市永泰特种气体有限公司 | 1,0 ...

内部控制审计报告 上海正帆科技股份有限公司 容诚审字[2025]200Z2479 号 容诚会计师事务所(特殊普通合伙) 中国·北京 内部控制审计报告 容诚会计师事务所（特殊普通合伙） 总所：北京市西城区阜成门外大街 22 号 1 幢 10 层 1001-1 至 1001-26 (100037) TEL:010-6600 1391 FAX:010-6600 1392 E-mail:bj@rsmchina.com.cn https://www.rsm.global/china/ 容诚审字[2025]200Z2479 号 上海正帆科技股份有限公司全体股东： 我们认为，正帆科技于 2024 年 12 月 31 日按照《企业内部控制基本规范》和 相关规定在所有重大方面保持了有效的财务报告内部控制。 1 （此页无正文，为上海正帆科技股份有限公司容诚审字[2025]200Z2479 号内部控 制审计报告之签字盖章页。） 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 们审计了上海正帆科技股份有限公司（以下简称正帆科技）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 ...

容诚专字[2025]200Z0657 号 中国·北京 容诚会计师事务所(特殊普通合伙) | | | 募集资金存放与实际使用情况鉴证报告 上海正帆科技股份有限公司 | 序号 | 内 | 容 | 页码 | | --- | --- | --- | --- | | 1 | 募集资金存放与实际使用情况鉴证报告 | | 1-3 | | 2 | 募集资金存放与实际使用情况的专项报告 | | 4-7 | 募集资金存放与实际使用情况鉴证报告 容诚会计师事务所（特殊普通合伙） 总所：北京市西城区阜成门外大街 22 号 1 幢 10 层 1001-1 至 1001-26 (100037) TEL:010-6600 1391 FAX:010-6600 1392 E-mail:bj@rsmchina.com.cn https://www.rsm.global/china/ 容诚专字[2025]200Z0657 号 上海正帆科技股份有限公司全体股东： 我们审核了后附的上海正帆科技股份有限公司（以下简称正帆科技）董事会 编制的截至 2024 年 12 月 31 日的《募集资金存放与实际使用情况的专项报告》。 一、 对报告使用者和使用目的的 ...

国泰海通证券股份有限公司 关于上海正帆科技股份有限公司 2024 年度募集资金存放与使用情况的专项核查意见 国泰海通证券股份有限公司（以下简称"国泰海通"或"保荐机构"）作为 上海正帆科技股份有限公司（以下简称"正帆科技"或"公司"）的持续督导机 构，根据《证券发行上市保荐业务管理办法》《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》《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，对正帆科技 2024 年度募集资金存放与使用情况进行了审慎核查，具体情况 如下： 一、募集资金基本情况 1、募集资金到位情况 根据中国证券监督管理委员会于 2020 年 7 月 27 日出具的《关于同意上海正 帆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〔2020〕1588 号）注册同意，公司获准首次向社会公众公开发行人民币普通股 64,235,447 股， 每股面值为人民币 1 元，发行价格为每股人民币 15.67 元/股，募集资金总额为人 民币 1,006,569,454.49 元，扣除发行费用人民币 95,846,528. ...

审计报告 上海正帆科技股份有限公司 容诚审字[2025]200Z2324 号 容诚会计师事务所(特殊普通合伙) 中国·北京 目 录 | 序号 | 内 容 | 页码 | | --- | --- | --- | | 1 | 审计报告 | 1-6 | | 2 | 合并资产负债表 | 1 | | 3 | 合并利润表 | 2 | | 4 | 合并现金流量表 | 3 | | 5 | 合并所有者权益变动表 | 4- 5 | | 6 | 母公司资产负债表 | 6 | | 7 | 母公司利润表 | 7 | | 8 | 母公司现金流量表 | 8 | | 9 | 母公司所有者权益变动表 | 9 - 10 | | 10 | 财务报表附注 | 11 - 115 | 审 计 报 告 容诚审字[2025]200Z2324 号 上海正帆科技股份有限公司全体股东： 一、审计意见 我们审计了上海正帆科技股份有限公司（以下简称正帆科技）财务报表，包 括 2024 年 12 月 31 日的合并及母公司资产负债表，2024 年度的合并及母公司利润 表、合并及母公司现金流量表、合并及母公司所有者权益变动表以及相关财务报 表附注。 我们认为，后附的财务报 ...

公司拟开展的金融衍生品交易业务主要为远期结售汇和外汇期权业务，以匹 配公司的国际业务，充分利用金融衍生品交易对冲国际业务中的汇率风险，降低 汇率波动对公司的影响，实现以规避风险为目的的资产保值。 （二）交易金额 国泰海通证券股份有限公司 关于上海正帆科技股份有限公司 开展金融衍生品交易业务的核查意见 国泰海通证券股份有限公司（以下简称"国泰海通"或"保荐人"）作为上 海正帆科技股份有限公司（以下简称"正帆科技"或"公司"）的持续督导保荐 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 市规则》等有关法律、法规的规定，对正帆科技开展金融衍生品交易业务事项进 行了审慎核查，核查情况及核查意见如下： 一、交易情况概述 （一）交易目的 公司一直以来均有开展国际业务，美元是公司的主要结算币种之一。为了提 高公司应对外汇波动风险的能力，减少外汇汇率对公司经营成果的影响，增强公 司财务稳健性，公司拟开展金融衍生品交易业务。 公司办理金融衍生品业务，交易预计额度为 500 万美元或其他等值外币货币， 授权期间为自董事会通过之日起 12 个月。上述额度在期限内可循环滚动使用。 公司拟开展的金融衍生品交易 ...

往来情况专项说明 非经营性资金占用及其他关联资金 上海正帆科技股份有限公司 容诚专字[2025]200Z0658 号 容诚会计师事务所(特殊普通合伙) 中国·北京 容诚会计师事务所（特殊普通合伙） 总所：北京市西城区阜成门外大街 22 号 1 幢 10 层 1001-1 至 1001-26 (100037) TEL:010-6600 1391 FAX:010-6600 1392 E-mail:bj@rsmchina.com.cn https://www.rsm.global/china/ 关于上海正帆科技股份有限公司 我们对汇总表所载信息与本所审计正帆科技 2024 年度财务报表时所复核的会计 资料和经审计的财务报表的相关内容进行了核对，在所有重大方面没有发现不一致。 除了对正帆科技实施 2024 年度财务报表审计中所执行的对关联方交易有关的审计程 序外，我们并未对汇总表所载资料执行额外的审计程序。为了更好地理解正帆科技 的非经营性资金占用及其他关联资金往来情况，后附汇总表应当与已审计的财务报 表一并阅读。 1 （此页无正文，为上海正帆科技股份有限公司容诚专字[2025]200Z0658 号专项报告 之签字盖 ...

Dividend and Shareholder Returns - The company plans to distribute a cash dividend of 2.80 RMB per 10 shares, totaling approximately 81.78 million RMB, which represents 30.68% of the net profit attributable to shareholders for the year[9]. - The total number of shares outstanding is 292,085,826, which will be the basis for the dividend distribution[9]. - The company has implemented a share buyback amounting to approximately 80.14 million RMB, which is not inclusive of transaction fees[9]. - The company does not plan to issue bonus shares or convert capital reserves into share capital, with remaining undistributed profits carried forward to the next year[9]. - The company executed share buybacks totaling over 80 million, reflecting its commitment to shareholder returns[42]. Financial Performance - The company's operating revenue for 2024 reached CNY 5,469,337,669, representing a 42.63% increase compared to CNY 3,834,735,530 in 2023[25]. - Net profit attributable to shareholders for 2024 was CNY 527,748,576, a growth of 31.50% from CNY 401,342,163 in 2023[27]. - The net profit after deducting non-recurring gains and losses increased by 43.80% to CNY 488,200,748 in 2024 from CNY 339,500,061 in 2023[27]. - The net cash flow from operating activities surged by 245.17% to CNY 398,808,856 in 2024, up from CNY 115,540,147 in 2023[27]. - Diluted earnings per share for 2024 were CNY 1.86, marking a 30.07% increase from CNY 1.43 in 2023[27]. - The total assets of the company at the end of 2024 were CNY 9,357,432,560, reflecting a 16.02% increase from CNY 8,065,228,280 in 2023[25]. - The company's weighted average return on equity increased to 16.00% in 2024 from 14.88% in 2023, an increase of 1.12 percentage points[26]. Operational Efficiency and Growth - The significant improvement in cash flow is attributed to enhanced operational efficiency and better inventory and receivables management[27]. - The company plans to continue expanding its market presence and enhancing its product offerings to sustain growth[27]. - The compound annual growth rate (CAGR) for revenue from 2020 to 2024 is 49.0%[40]. - Non-equipment business revenue grew by 58.5% year-on-year, driven by the expansion of core components, gases, and advanced materials[43]. - The OPEX business accounted for 31.0% of total revenue in 2024, with new contract signing at 44.8%[39]. Research and Development - Research and development expenses accounted for 6.39% of operating revenue in 2024, slightly down from 6.55% in 2023[26]. - The company has established a research and development center focused on electronic specialty gases and advanced materials, leveraging six core technologies[79]. - R&D expenses for the current year amounted to ¥349,284,528.76, representing a 39.14% increase compared to ¥251,023,869.41 in the previous year[121]. - The company has completed several key R&D projects, including a hydrogen recovery system with a total investment of ¥1,220,000, which has achieved a recovery rate of over 60%[125]. - The company has achieved a total of 360 intellectual property rights, including 52 invention patents, 235 utility model patents, 21 design patents, and 52 software copyrights[119]. Market Position and Strategy - The company is actively exploring new markets, with revenue from emerging sectors exceeding 10% in 2024, contributing to its sustainable development strategy[48]. - The company has established a digital transformation strategy, achieving over 90% coverage of online business processes through various systems like SAP and CRM[53]. - The company is focusing on expanding its market presence through self-built capacity, acquisitions, and establishing its own supply chain[61]. - The company is becoming a leading comprehensive supplier and service provider in the electronic gases and advanced materials sector, with significant market space in integrated circuits and new energy materials[102]. - The company is actively expanding its overseas business, particularly in the OPEX sector, with plans to establish sales networks and manufacturing bases abroad[199]. Risks and Challenges - The company faces risks related to core competitiveness, including potential loss of key technical personnel and insufficient R&D investment[141]. - The company faces risks related to supply chain disruptions, market competition, and potential changes in tax policies[143][144]. - Future performance may be impacted by macroeconomic factors and trade tensions, particularly between China and the U.S.[145]. Corporate Governance and Compliance - The company has confirmed that all board members attended the board meeting, ensuring governance compliance[8]. - The company has received a standard unqualified audit report from the accounting firm Rongcheng[8]. - The company has not reported any non-operating fund occupation by controlling shareholders or related parties[11]. - The company has not disclosed any special arrangements regarding corporate governance[11]. - The company’s information disclosure rating for 2023-2024 is A, reflecting its commitment to transparency and compliance[55].