关于"海优转债"预计满足转股价格修正条件的提示性公告 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、准确性和完整性依法承担法律责任。 一、可转债发行上市概况 经中国证券监督管理委员会证监许可〔2022〕1014 号文同意注册，公司于 2022 年 6 月 23 日向不特定对象发行可转换公司债券。本次发行转债总额为人民 币 69,400 万元，发行数量 694 万张，每张面值为人民币 100 元。本次发行的可 转换公司债券期限为六年，自 2022 年 6 月 23 日至 2028 年 6 月 22 日。 经上海证券交易所自律监管决定书〔2022〕181 号文同意，公司本次发行的 可转换公司债券于 2022 年 7 月 21 日起在上海证券交易所挂牌交易，债券简称"海 优转债"，债券代码"118008"。 根据相关法律法规规定及《上海海优威新材料股份有限公司向不特定对象发 行可转换公司债券募集说明书》（以下简称"《募集说明书》"）的约定，海优转 债自 2022 年 12 月 29 日起可转换为本公司股份，初始转股价格为 217.42 元/股。 因公司实施 2 ...

2025年半年报显示，海优新材的主营业务为光伏封装材料行业、其他业务、其他行业，占营收比例分别为：86.75%、7.34%、 5.9%。 每经AI快讯，"A股绿色报告"项目监控到的数据显示，海优新材（SH688680）控股子公司镇江海优威应用材料有限公司年产2000万 平米新型膜材料生产建设项目环评审批获同意。该项目总投资额达3.5亿元。该审批信息于2025年11月19日被相关监管机构披露。 "A股绿色报告"项目由每日经济新闻联合环保领域知名NGO公众环境研究中心（IPE）共同推出，旨在让上市公司环境信息更加阳光 透明。本项目基于31个省（区、市）、337个地级市政府发布的权威环境监管数据，筛选监控上市公司及其旗下公司（包括分公司、 参股公司和控股公司）的环境表现，加以专业数据分析及深入解读，每日智能写作及时发布上市公司AI绿报，每周推出A股绿色周 报，定期动态更新上市公司环境风险榜。 上期（总第223期）A股绿色周报显示，共有9家上市公司在近期暴露了环境风险。 | 市值(亿元) | 时间 | 2023Y | 2024Y | 2025前三 | | --- | --- | --- | --- | --- | | ...

Group 1 - The core viewpoint of the news is that Haiyou New Materials has seen a stock price increase of 5%, reaching 41.36 CNY per share, with a total market capitalization of 3.475 billion CNY [1] - Haiyou New Materials specializes in the research, production, and sales of specialty polymer films, with 86.75% of its revenue coming from the photovoltaic packaging materials sector [1] - The company is located in the China (Shanghai) Free Trade Zone and was established on September 22, 2005, with its listing date on January 22, 2021 [1] Group 2 - According to data, the fund "Chuangjin Hexin Xinli Mixed A" holds 10,000 shares of Haiyou New Materials, representing 0.17% of the fund's net value, making it the fifth-largest holding [2] - The fund has a total scale of 26.6076 million CNY and has achieved a year-to-date return of 2.05% [2] - The fund manager, Yan Yifan, has a tenure of 9 years and 71 days, with a best return of 54.89% during his management period [3]

Group 1 - The photovoltaic equipment sector experienced a significant rally in the afternoon, with multiple companies seeing substantial stock price increases [2] - Guosheng Technology and Tianyi New Materials reached the daily limit up, indicating strong investor interest and confidence in these stocks [2] - Mingguan New Materials saw a rise of over 10%, while other companies such as Maiwei Co., High Measurement Co., Saiwu Technology, Oujing Technology, and Haiyou New Materials also experienced gains [2]

Core Insights - On November 24, a total of 17 companies were investigated by institutions, with 10 companies being surveyed by funds, indicating a strong interest in specific stocks [1] - Among the surveyed companies, 6 attracted more than 5 funds, with Crystal Morning Technology being the most popular, receiving attention from 35 funds [1] - The total market capitalization of the surveyed A-shares includes 1 company with a market cap over 500 billion yuan, and 6 companies with market caps below 100 billion yuan [1] Company Summaries - **Crystal Morning Technology (688099)**: Received the highest interest with 35 funds participating in the survey, latest closing price at 92.72 yuan, and a 5-day price increase of 15.68% [1] - **Weili Transmission (300904)**: Attracted 19 funds, latest closing price at 69.20 yuan, with a 5-day price decrease of 2.40% [1] - **Haiyou New Materials (688680)**: Surveyed by 8 funds, latest closing price at 39.17 yuan, experiencing a significant 5-day price drop of 14.83% [1] - **Sanyuan Bio (301206)**: Engaged 7 funds, latest closing price at 27.32 yuan, with a 5-day decline of 5.07% [1] - **Dayilong (002209)**: Also received attention from 7 funds, latest closing price at 14.39 yuan, with a 5-day decrease of 5.95% [1] - **Yongdong Shares (002753)**: Participated by 5 funds, latest closing price at 8.01 yuan, with a slight increase of 3.35% over 5 days [1] - **Hengyi Petrochemical (000703)**: Surveyed by 3 funds, latest closing price at 6.96 yuan, with a 5-day decline of 7.94% [1] - **Weichai Power (000338)**: Engaged 2 funds, latest closing price at 16.60 yuan, with a 5-day decrease of 6.21% [1] - **Zhongsheng Pharmaceutical (002317)**: Attracted 1 fund, latest closing price at 24.08 yuan, with a 5-day decline of 9.20% [1] - **Meirui New Materials (300848)**: Also surveyed by 1 fund, latest closing price at 14.89 yuan, with a 5-day drop of 10.52% [1]

Core Points - Haiyou New Materials (688680.SH) experienced a stock price decline of 4.84%, closing at 41.12 yuan [1] - The company went public on the Shanghai Stock Exchange's Sci-Tech Innovation Board on January 22, 2021, with an initial offering price of 69.94 yuan per share [1] - Haiyou New Materials raised a total of 1.469 billion yuan through its IPO, with a net amount of 1.347 billion yuan after deducting issuance costs [1] - The final net fundraising amount exceeded the original plan by 747 million yuan [1] - The company planned to use the funds for a technical transformation project for producing 170 million square meters of polymer special membranes, working capital, and repaying bank loans [1] Fundraising Details - The issuance costs for the IPO amounted to 123 million yuan, with underwriting and sponsorship fees of 104 million yuan [2] - In 2022, the company issued convertible bonds to unspecified investors, raising a total of 694 million yuan, with a net amount of 691.3972 million yuan after deducting related costs [2] - The total fundraising from the IPO and the convertible bond issuance reached 2.163 billion yuan [3]

Group 1 - The core point of the news is that Haiyou New Materials experienced a decline of 5.13% in stock price, reaching 42.50 CNY per share, with a total market capitalization of 3.571 billion CNY [1] - The company, Shanghai Haiyouwei New Materials Co., Ltd., specializes in the research, production, and sales of specialty polymer films, with 86.75% of its revenue coming from the photovoltaic packaging materials sector [1] - The company was established on September 22, 2005, and went public on January 22, 2021 [1] Group 2 - From the perspective of fund holdings, one fund under Chuangjin Hexin has a significant position in Haiyou New Materials, with 10,000 shares held, representing 0.17% of the fund's net value [2] - The fund, Chuangjin Hexin Xinli Mixed A (008893), has a total scale of 26.6076 million CNY and has reported a year-to-date return of 2.1% [2] - The fund's performance ranks 7509 out of 8138 in its category this year, with a one-year return of 2.75% [2] Group 3 - The fund manager of Chuangjin Hexin Xinli Mixed A is Yan Yifan, who has a tenure of 9 years and 63 days, with a total asset scale of 25.146 billion CNY [3] - Yan Yifan's best fund return during his tenure is 55.49%, while the worst return is -8.51% [3] - Co-manager Zhang Hezhang has a tenure of 5 years and 73 days, managing assets totaling 15.765 billion CNY, with a best return of 23.68% and a worst return of 1.68% during his tenure [3]

Group 1 - The company, Haiyou New Materials (688680.SH), has confirmed that it currently has export business in the EU market, although the volume of this business constitutes a low percentage of the company's overall revenue [1] - The company stated that the EU export business does not have a significant impact on its operational performance [1]

Investment Rating - The investment rating for the company is "Buy" and it is maintained [8]. Core Views - The company reported a revenue of 870 million yuan for the first three quarters of 2025, a year-on-year decline of 57.62%. The net profit attributable to the parent company was -208 million yuan, showing a reduction in losses compared to the previous year. In Q3 2025, the revenue was 237 million yuan, down 58.03% year-on-year and down 25.44% quarter-on-quarter, with a net profit of -75 million yuan, which was stable compared to the previous quarter [2][6]. Financial Performance - Q3 gross margin was -6.67%, a decrease of 4.88 percentage points, attributed to price reductions in the domestic market following a decline in demand. The company’s operating cash flow for the first three quarters was 275 million yuan, a year-on-year increase of 144.69%. The balance of accounts receivable and inventory has significantly decreased since the beginning of the year, indicating a substantial reduction in operational risks. The asset-liability ratio at the end of Q3 was 51%, which is considered healthy [12][12]. Market Outlook - Since September, the price of photovoltaic films has increased multiple times. If the internal competition leads to a price increase for components, it will create opportunities for profit recovery in the film sector. The company has made significant progress in its PDCLC dimming film technology, securing contracts with major automotive manufacturers and expanding its application scenarios [12][12]. Future Projections - The company’s collaboration with H.B. Fuller on photovoltaic encapsulation film production lines has entered the installation and trial production phase. Equipment for the Turkish project has been shipped and successfully arrived at the port, which will enhance the company's influence in overseas markets. The PDCLC technology is expected to benefit from increased penetration rates in the automotive dimming film market, with further product line expansions anticipated [12][12].

Core Points - Haiyou New Materials announced that CITIC Construction Investment will continue to act as the sponsor for the company's issuance of convertible bonds to unspecified objects, with the continuous supervision period extending until December 31, 2024 [2] - Due to the company's unutilized fundraising, CITIC Construction Investment will fulfill its ongoing supervisory obligations as per relevant regulations [2] - The original sponsor representatives, Li Pengfei and Shen Qian, have been replaced due to Li Pengfei's job transfer, with Ren Yuntao appointed to ensure the orderly continuation of supervisory work [2]