Core Viewpoint - Haiyou New Materials (688680) reported a significant decline in revenue and a negative net profit for the first half of 2025, indicating ongoing financial challenges and a deteriorating business model [1][3]. Financial Performance - Total revenue for the first half of 2025 was 633 million yuan, a decrease of 57.47% year-on-year [1]. - The net profit attributable to shareholders was -133 million yuan, an increase of 3.65% compared to the previous year [1]. - In Q2 2025, total revenue was 318 million yuan, down 48.07% year-on-year, with a net profit of -75.72 million yuan, up 36.56% year-on-year [1]. - The gross margin was -1.42%, a decrease of 263.04% year-on-year, while the net margin was -21.03%, down 126.52% year-on-year [1]. - The total of financial, sales, and administrative expenses reached 66.22 million yuan, accounting for 10.46% of total revenue, an increase of 115.84% year-on-year [1]. Cash Flow and Debt Situation - The company had cash and cash equivalents of 129.2 million yuan, a decrease of 9.01% year-on-year [1]. - Accounts receivable stood at 636 million yuan, down 36.91% year-on-year [1]. - Interest-bearing liabilities were 1.097 billion yuan, a decrease of 38.01% year-on-year [1]. - The cash flow situation is concerning, with a cash flow from operations per share of 2.12 yuan, an increase of 239.04% year-on-year, but overall cash flow remains negative [3]. Business Model and Investment Returns - The company's business model relies heavily on research and development, but the actual value added by its products or services is low, as indicated by a historical median ROIC of 12.15% [3]. - The company has experienced two years of losses since its listing, reflecting a fragile business model [3]. Fund Holdings - The largest fund holding Haiyou New Materials is the Huaxia Leading Stock Fund, with 965,400 shares, showing an increase in holdings [4]. - Other funds have also increased or initiated positions in the company, indicating some level of interest despite the financial challenges [4].

Core Viewpoint - The company, Shanghai Haiyouwei New Materials Co., Ltd., has provided a detailed report on the management and actual use of funds raised through the issuance of convertible bonds, highlighting the total amount raised and its allocation for various projects [3][4][5]. Group 1: Fundraising Overview - The company raised a total of RMB 694 million through the issuance of 6.94 million convertible bonds, with a net amount of RMB 691.4 million after deducting related fees [3][4]. - As of December 31, 2024, the company had utilized RMB 468.1 million of the raised funds, leaving a balance of RMB 81.3 million [4]. Group 2: Fund Management - The company has established a dedicated fund management system in compliance with relevant laws and regulations, ensuring that the raised funds are stored in special accounts and managed effectively [5][6]. - The company signed a tripartite supervision agreement with its sponsor and the bank holding the funds to ensure proper management [5]. Group 3: Fund Usage and Adjustments - The company has used part of the raised funds to temporarily supplement working capital, with a total of RMB 300 million utilized for this purpose, which has been returned to the special account [8][9]. - The company has also approved the use of idle funds for cash management, with a maximum of RMB 600 million allocated for this purpose [10][11]. Group 4: Project Adjustments - The company has made adjustments to the implementation locations and subjects of certain fundraising projects, ensuring that the overall investment direction remains unchanged [15][16]. - A specific project, the "Annual Production of 200 Million Square Meters of Photovoltaic Encapsulation Film Project (Phase I)," has had its implementation location changed to optimize resource allocation [16][17]. Group 5: Future Plans and Communication - The company plans to hold an investor briefing on September 8, 2025, to discuss its half-year performance and address investor inquiries [19][20]. - Investors can participate in the briefing through an online platform, allowing for interactive communication regarding the company's financial results and future strategies [21][22].

Group 1 - The company, Haiyou New Materials (688680.SH), reported a significant decline in revenue for the first half of 2025, achieving 633 million yuan, which represents a year-on-year decrease of 57.47% [1] - The net profit attributable to shareholders of the listed company was -133 million yuan, indicating a loss, while the net profit after deducting non-recurring gains and losses was -135 million yuan [1] - The basic earnings per share for the company stood at -1.61 yuan [1]

Core Viewpoint - The report highlights the financial performance and operational challenges faced by Shanghai HIUV New Materials Co., Ltd. in the first half of 2025, particularly in the photovoltaic encapsulation film sector, while also detailing advancements in automotive materials and new product developments. Financial Performance - The company's revenue for the first half of 2025 was approximately 633.13 million yuan, a decrease of 57.47% compared to 1.49 billion yuan in the same period last year [3] - The total profit for the period was a loss of approximately 123.11 million yuan, compared to a loss of 177.65 million yuan in the previous year [3] - The net profit attributable to shareholders was approximately -133.16 million yuan, a slight improvement from -138.21 million yuan year-on-year [3] - The company's net assets decreased by 7.54% to approximately 1.49 billion yuan compared to the end of the previous year [3] Business Overview - The company specializes in the research, production, and sales of special polymer film materials, focusing on the renewable energy and new materials sectors [6] - Key products include photovoltaic encapsulation films such as EVA films, POE films, and PVE encapsulation films, which are essential for solar module packaging [6][8] - The company aims to become an international leader in the special polymer materials sector by continuously innovating and providing high-end products and technical solutions [6] Industry Context - The photovoltaic film industry is experiencing intense price competition, with profit margins under pressure due to a cyclical adjustment in the solar industry [8] - The demand for differentiated and high-performance encapsulation films is increasing as solar module manufacturers seek to enhance efficiency and longevity [9] - The industry is characterized by rapid technological advancements and a high level of competition, with domestic companies holding a significant share of the global market [9] Product Development - The company has introduced innovative products such as the PDCLC liquid crystal dimming film and AXPO lightweight eco-leather, targeting the automotive sector [14][17] - The PDCLC film has been successfully delivered for use in vehicles, marking a significant milestone in the company's product development [16] - The company is expanding its production capacity for PDCLC films to meet anticipated demand growth in the automotive market [16] Operational Strategy - The company is adopting a cautious sales policy to mitigate risks, resulting in reduced sales volume of encapsulation films [3] - Efforts to optimize inventory management and reduce accounts receivable are ongoing to lower operational capital requirements [15] - The company is focusing on international collaborations to enhance its market presence and technological capabilities in the photovoltaic film sector [14]

上海海优威新材料股份有限公司 募集资金存放、管理与实际使用情况的专项报告 证券代码:688680 证券简称:海优新材 公告编号：2025-058 转债代码:118008 转债简称:海优转债 上海海优威新材料股份有限公司 2025年半年度募集资金存放、管理与实际使用情况的专项 报告 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。 重要内容提示： 根据上海证券交易所《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》的规定，将上海海优威新材料股份有限公司（以下简称本公司或公司）2025 年半年度募集资金存放、管理与实际使用情况报告如下： 一、募集资金基本情况 （一）实际募集资金金额和资金到账时间 4 上海海优威新材料股份有限公司 募集资金存放、管理与实际使用情况的专项报告 （三）报告期募集资金使用和结余情况 单位：万元 | 项 | | | 目 | 金 额 | | --- | --- | --- | --- | --- | | 截至 月 日结存的募集资金余额 2024 31 | 年 | 12 | | 8,130. ...

| 证券代码：688680 | 证券简称：海优新材 | 公告编号：2025-059 | | --- | --- | --- | | 转债代码：118008 | 转债简称：海优转债 | | 上海海优威新材料股份有限公司 关于召开 2025 年半年度业绩说明会的公告 会议召开方式：上证路演中心网络互动 投资者可于 2025 年 09 月 01 日(星期一)至 09 月 05 日(星期五)16:00 前登录上 证路演中心网站首页点击"提问预征集"栏目或通过公司邮箱 hiuv@hiuv.com 进 行提问。公司将在说明会上对投资者普遍关注的问题进行回答。 上海海优威新材料股份有限公司（以下简称"公司"）已于 2025 年 8 月 30 日发布公司 2025 年半年度报告，为便于广大投资者更全面深入地了解公司 2025 年半年度经营成果、财务状况，公司计划于 2025 年 9 月 8 日（星期一）14:00-15:00 举行 2025 年半年度业绩说明会，就投资者关心的问题进行交流。 一、说明会类型 本次投资者说明会以网络互动形式召开，公司将针对 2025 年半年度的经营 成果及财务指标的具体情况与投资者进行互动交流和 ...

上海海优威新材料股份有限公司 2025 年度"提质增效重回报"行动方案的半年度评估报告 为践行"以投资者为本"的理念，提高上市公司质量，积极回报投资者，助 力市场信心提振、资本市场稳定和经济高质量发展，上海海优威新材料股份有 限公司（以下简称"公司"）于 2025 年 4 月 19 日发布《2025 年度"提质增效重回 报"行动方案》，为公司提质增效重回报行动提出了明确的工作方向。公司根据 行动方案内容，积极开展和落实各项工作，现将 2025 年上半年的主要工作成果 主要从以下七个方面报告如下： 一、强化公司科技创新能力，推动汽车领域新产品的创新发展与产业落地 公司成立伊始即以科技创新为己任，致力于高分子材料的研发创新与先进 制造，依托高分子材料领域多年的创新积累，结合配方研制、设备自研、工程 工艺多维度的科技能力，已在光通信领域、光伏领域、汽车领域探索并成功研 发了多项完全拥有自主知识产权的创新产品。伴随产业发展过程，公司从行业 新进入者到产品创新者到行业主流供应商，历练了产业化、规模化、标准化的 先进生产制造经验，业内以创新能力强、研发速度快、产业化水平高而著称。 2019 年以来，公司以 AXPO 轻量 ...

上海海优威新材料股份有限公司2025 年半年度报告 公司代码：688680 公司简称：海优新材 转债代码：118008 转债简称：海优转债 上海海优威新材料股份有限公司 2025 年半年度报告 1 / 196 上海海优威新材料股份有限公司2025 年半年度报告 重要提示 一、 本公司董事会及董事、高级管理人员保证半年度报告内容的真实性、准确性、完整性，不 存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 二、 重大风险提示 公司已在本报告中详细阐述公司在经营过程中可能面临的各种风险及应对措施，敬请查阅本 报告第三节"管理层讨论与分析"之风险因素。 三、 公司全体董事出席董事会会议。 四、 本半年度报告未经审计。 五、 公司负责人李民、主管会计工作负责人李晓昱及会计机构负责人（会计主管人员）王怀举 声明：保证半年度报告中财务报告的真实、准确、完整。 六、 董事会决议通过的本报告期利润分配预案或公积金转增股本预案 无 七、 是否存在公司治理特殊安排等重要事项 □适用 √不适用 八、 前瞻性陈述的风险声明 √适用 □不适用 本报告所涉及的公司未来计划、发展战略等前瞻性陈述，不构成公司对投资者的承诺， ...

Group 1 - The core point of the article highlights the financing activities of Haiyou New Materials, indicating a net sell-off in recent trading days [1] - On August 22, Haiyou New Materials had a financing buy-in amount of 0.17 billion yuan, ranking 1189th in the two markets, with a financing repayment amount of 0.25 billion yuan, resulting in a net sell-off of 7.4356 million yuan [1] - Over the last three trading days (August 20-22), the financing buy-in amounts were 0.23 billion yuan, 0.23 billion yuan, and 0.17 billion yuan respectively [1] Group 2 - On August 22, there were no shares sold short for Haiyou New Materials, indicating a net short sell of 0.00 shares [1]

证券代码:688680 证券简称:海优新材 公告编号：2025-057 转债代码:118008 转债简称:海优转债 上海海优威新材料股份有限公司 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。 重要内容提示： ? 回售期：2025 年 8 月 12 日至 2025 年 8 月 18 日 ? 回售有效申报数量：0 张 ? 回售金额：0 元 ? 本次回售申报期内无投资者进行回售申报，无需办理向投资者支付回售资 金等后续业为事项，本次回售已完成。 一、本次可转债回售的公告情况 份有限公司关于"海优转债"可选择回售的公告》（公告编号：2025-053），并分 别于 2025 年 8 月 6 日、2025 年 8 月 13 日、2025 年 8 月 15 日披露了《上海海优 威新材料股份有限公司关于"海优转债"可选择回售的第一次提示性公告》 （公告 编号：2025-054）、《上海海优威新材料股份有限公司关于"海优转债"可选择回 售的第二次提示性公告》 （公告编号：2025-055）、 《上海海优威新材料股份有限公 司关于"海优转债 ...