Core Viewpoint - The report outlines the ongoing supervision and assessment of Chenghe Technology Co., Ltd. by CITIC Securities, highlighting the company's financial performance, potential risks, and core competencies in the polymer materials industry. Group 1: Continuous Supervision Overview - CITIC Securities has taken over the continuous supervision responsibilities from the previous sponsor, conducting various checks and assessments as per regulatory requirements [1]. - The supervision includes reviewing corporate governance documents, financial management systems, and fundraising management practices [1]. Group 2: Financial Performance - The company's operating income for the first half of 2025 reached RMB 471.09 million, representing a 13.77% increase compared to the same period in 2024 [9]. - The net profit attributable to shareholders for the same period was RMB 31.87 million, reflecting a decrease of 21.28% due to an increase in total share capital [9]. Group 3: Major Risks - Intellectual property disputes pose a risk, as the company holds 76 patents but may face litigation or regulatory penalties related to patent infringement [2]. - Core technology leakage is a concern, with 90.94% of revenue derived from products based on proprietary technology [3]. - Product quality control is critical, as any failure in quality management could damage the company's reputation and client trust [3]. - Environmental protection and safety production risks are present due to the chemical processes involved in production, which may lead to regulatory penalties [4]. - The company's gross margin was reported at 45.79%, with potential risks of decline due to various market factors [4]. - Accounts receivable amounted to RMB 318.71 million, representing 67.65% of revenue, indicating a risk of bad debts as sales scale increases [6]. - Currency fluctuations could impact the company's foreign sales, which accounted for 25.39% of total revenue [5]. - The company faces risks related to bank acceptance bills, with RMB 96.13 million in receivables potentially at risk if the creditworthiness of the issuing parties declines [5]. - Increased market competition in the emerging fine chemical sector could affect profitability if the company fails to innovate [6]. Group 4: Core Competitiveness - Chenghe Technology is recognized as a leading enterprise in high-performance polymer materials, focusing on technological innovation and sustainable development [10]. - The company has over 300 types of nucleating agents and composite additives, providing customized solutions to meet client needs [10]. - The core products have achieved international advanced levels, with some exceeding global standards, enhancing the company's competitive edge [10]. - The company has established partnerships with universities for research and development, enhancing its innovation capabilities [12]. - Chenghe Technology has been recognized as a model enterprise for intellectual property in Guangdong Province, with a strong patent portfolio [12]. Group 5: Research and Development - R&D expenditures for the first half of 2025 totaled RMB 21.45 million, a 28.92% increase from the previous year, reflecting a commitment to product innovation [17]. - The company holds 76 valid patents, including 59 invention patents, indicating a robust focus on R&D [18]. - New projects are underway to develop advanced additives and materials, addressing specific market needs and enhancing product performance [19][20].

Core Viewpoint - The announcement indicates that Shanghai Kehui Investment Management Co., Ltd. has reduced its shareholding in Chenghe Technology Co., Ltd. to 25.00%, triggering a change in equity that touches a 5% integer multiple, but does not lead to a change in the controlling shareholder or actual controller of the company [1][2]. Group 1: Shareholding Changes - After the equity change, Kehui Investment and its concerted actor, Ru Fei, hold a total of 47,080,300 shares, accounting for 25.00% of the total share capital of Chenghe Technology [1][2]. - Prior to the change, Kehui Investment held 23,730,000 shares (12.60%) and Ru Fei held 24,500,000 shares (13.01%), totaling 48,230,000 shares (25.61%) [4][5]. - The reduction in shareholding was from 25.61% to 25.00%, which is a decrease of 0.61% [2][5]. Group 2: Company and Shareholder Information - Kehui Investment was established on June 28, 2007, with a registered capital of RMB 1 million and operates in investment management and consulting services [2][3]. - The main shareholders of Kehui Investment are Tong Jiaqi (47.00%) and Ru Fei (43.00%) [2][4]. - The company is located in Shanghai and has a business scope that includes various sales and consulting services [3][4].

Core Viewpoint - The report outlines the shareholding changes of Chenghe Technology Co., Ltd. due to a reduction in shares held by Shanghai Kehui Investment Management Co., Ltd. and its concerted action person, Ru Fei, which has resulted in their combined shareholding reaching a multiple of 5% [1][5]. Group 1: Shareholding Changes - Shanghai Kehui Investment Management Co., Ltd. reduced its shareholding by 1,149,700 shares, representing 0.61% of the total share capital, bringing its total holdings to 22,580,300 shares, or 11.99% of the total [7]. - Ru Fei, as a concerted action person, maintained her shareholding at 24,500,000 shares, which is 13.01% of the total [7]. - The combined shareholding of Shanghai Kehui and Ru Fei is now 47,080,300 shares, accounting for 25.00% of the total share capital [7]. Group 2: Purpose and Future Plans - The purpose of this shareholding change is to execute a previously disclosed share reduction plan, as detailed in the announcement made on July 12, 2025 [5]. - Shanghai Kehui plans to reduce its holdings by up to 5,649,628 shares, not exceeding 3% of the total share capital, within the next 12 months [5][6]. - The report indicates that there are no current restrictions on the shares involved in this reduction, such as pledges or freezes [8]. Group 3: Compliance and Disclosure - The report confirms that all necessary authorizations and approvals for the shareholding changes have been obtained, and it complies with relevant laws and regulations [2][5]. - The information disclosed in the report is stated to be true, accurate, and complete, with the issuer assuming legal responsibility for any misrepresentation or omissions [2][5].

证券代码：688625 证券简称：呈和科技 公告编号：2025-034 呈和科技股份有限公司 关于股东及其一致行动人权益变动触及 5%整数倍 的提示性公告 本公司董事会、全体董事及相关股东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、准确性和完整性依法承担法律责任。 重要内容提示： 本次权益变动为上海科汇投资管理有限公司（以下简称"科汇投资"）履行此前披露 的减持股份计划所致，不触及要约收购。 本次权益变动不会导致公司控股股东、实际控制人发生变化，不会对公司治理结构及 未来持续经营产生重大影响。 公司于 2025 年 9 月 1 日收到科汇投资出具的《简式权益变动报告书》，自 2025 年 8 月 20 日至 2025 年 9 月 1 日，科汇投资通过集中竞价和大宗交易方式减持公司股份 1,149,700 股，科汇投资及其一致行动人茹菲合计持股比例由 25.61%减少至 25.00%。根据《中华人民 共和国证券法》《上市公司收购管理办法》《证券期货法律适用意见第 19 号——<上市公司收 购管理办法>第十三条、第十四条的适用意见》等法律、法规及规范性文件，本次权益变动 触及 ...

呈和科技股份有限公司 简式权益变动报告书 上市公司名称：呈和科技股份有限公司 股票上市地点：上海证券交易所 股票简称：呈和科技 股票代码：688625 信息披露义务人：上海科汇投资管理有限公司 通讯地址：上海市松江区新浜镇南贺路 18 号-1160 信息披露义务人之一致行动人：茹菲 住址：河南省郑州市 通讯地址：上海市松江区新浜镇南贺路 18 号-1160 权益变动性质：股份减持，信息披露义务人及其一致行动人合计持股比例触及 5%整数倍 简式权益变动报告书签署日期：2025 年 9 月 1 日 1 / 15 信息披露义务人声明 一、信息披露义务人依据《中华人民共和国证券法》（以下简称《证券法》）《上市公 司收购管理办法》（以下简称《收购管理办法》）《公开发行证券的公司信息披露内容与格 式准则第 15 号-权益变动报告书》（以下简称《准则 15 号》）及其他相关的法律、法规和规 范性文件编写本报告书。 二、信息披露义务人签署本报告书已获得必要的授权和批准，其履行亦不违反信息披露 义务人公司章程或内部规则中的任何条款，或与之相冲突。 三、依据《证券法》《收购管理办法》《准则 15 号》的规定，本报告书已全面披露信 ...

中信证券股份有限公司 关于呈和科技股份有限公司 2025 年半年度持续督导跟踪报告 4、本持续督导期间，保荐人根据相关法规和规范性文件的要求履行持续督 导职责，具体内容包括： （1）查阅公司章程、三会议事规则等公司治理制度、三会会议材料； （2）查阅公司财务管理、会计核算和内部审计等内部控制制度； （3）查阅公司募集资金管理相关制度、募集资金使用信息披露文件和决策 程序文件、募集资金专户银行对账单、募集资金使用明细账； 中信证券股份有限公司（以下简称"中信证券"或"保荐人"）作为呈和科 技股份有限公司（以下简称"呈和科技"或"公司"或"上市公司"）2023 年 度以简易程序向特定对象发行股票项目的保荐人，于 2023 年 3 月 2 日与公司签 订保荐协议，自签署保荐协议之日起，承接原保荐人中信建投证券股份有限公司 尚未完成的持续督导工作。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》等相关规定，中信证券履行持续督导职责，并出具 本持续督导半年度跟踪报告。 一、持续督导工作概述 1、保荐人制定了持续督导工作制度，制定了相应的工作计划，明确了现场 检查的工作要求。 2、保荐人已与公司 ...

Group 1 - The stock of Chenghe Technology experienced a decline of 1.08% on September 1, closing at 34.02 yuan [1] - A total of three block trades occurred, with a combined trading volume of 944,900 shares and a total transaction amount of 29.2448 million yuan [1] - Each of the three trades was executed at a price of 30.95 yuan, with a premium rate of -9.02%, indicating a discount from the market price [1] Group 2 - The first trade involved 525,700 shares for a total of 16.2706 million yuan, executed by a buyer from Industrial Securities and a seller from Yuekai Securities [1] - The second trade involved 187,900 shares for a total of 5.8155 million yuan, also executed by a buyer from Industrial Securities and a seller from Yuekai Securities [1] - The third trade involved 231,300 shares for a total of 7.1587 million yuan, again with a buyer from Industrial Securities and a seller from Yuekai Securities [1] Group 3 - Over the past three months, the stock has seen a total of four block trades with a cumulative transaction amount of 32.9888 million yuan [1] - In the last five trading days, the stock has declined by 1.56%, with a net outflow of 11.2731 million yuan in principal funds [1]

Group 1 - The core transaction of Chenghe Technology involved 944,900 shares traded on September 1, with a total transaction value of 29.2448 million yuan, accounting for 25.8% of the total trading volume for that day [1] - The transaction price was 30.95 yuan, which represents a discount of 9.02% compared to the market closing price of 34.02 yuan [1] Group 2 - The trading details for Chenghe Technology on September 1 include a transaction amount of 16.2706 million yuan and a trading volume of 52.57 thousand shares, executed by the Xinyi Securities Co., Ltd. [2] - Other companies involved in similar transactions on the same day include Xianhe Technology and Xinghe Technology, both trading at the same price of 30.95 yuan [2]

Group 1 - The stock price of Chenghe Technology (688625) closed at 34.39 yuan, down 0.78% from the previous week [1] - The highest intraday price reached 35.48 yuan on August 27, while the lowest was 32.85 yuan on August 28 [1] - The current total market capitalization of Chenghe Technology is 6.476 billion yuan, ranking 55th out of 169 in the chemical products sector and 2697th out of 5152 in the A-share market [1] Group 2 - Chenghe Technology announced a cash dividend of 0.23 yuan per share (before tax), with the record date set for September 2, 2025 [2][3] - The total cash dividend distribution amounts to 42,659,568.78 yuan (before tax), based on a total share capital of 188,320,951 shares, excluding 2,844,565 shares repurchased [2][3] - The company will not issue bonus shares or increase capital using the capital reserve, and the differentiated dividend distribution complies with legal regulations and does not harm the interests of the company and its shareholders [2][3]

1.发放年度：2025年中期 2.分派对象： 证券代码：688625 证券简称：呈和科技 公告编号：2025-033 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： 每股现金红利0.23元 本次利润分配方案经呈和科技股份有限公司（以下简称"公司"）2025年5月20日召开的2024年年度股东 大会审议通过授权董事会制定实施，并经公司第三届董事会第十一次会议审议通过。 二、分配方案 截至股权登记日下午上海证券交易所收市后，在中国证券登记结算有限责任公司上海分公司（以下简 称"中国结算上海分公司"）登记在册的本公司全体股东。 根据《上市公司股份回购规则》《上海证券交易所上市公司自律监管指引第7号一一回购股份》等相关 规定，上市公司回购专用证券账户中的股份不享有股东大会表决权、利润分配、公积金转增股本、认购 新股等权利。因此，公司通过回购专用证券账户所持有的本公司股份，不参与本次权益分派。 3.差异化分红送转方案： （1）公司于2025年5月20日召开了2024年年度股东大会，审议通过了《关于提请股东大会授权董事会 ...