中联国际房地产土地资产评估咨询（广东）有限公司 关于佛山佛塑科技集团股份有限公司发行股份购买资产并募集配套资金申请的 审核问询函的回复之专项核查意见 深圳证券交易所上市审核中心： 根据深圳证券交易所上市审核中心下发的《关于佛山佛塑科技集团股份有限 公司发行股份购买资产并募集配套资金申请的审核问询函》[审核函〔2025〕 130007 号]（以下简称"审核问询函"）。中联国际房地产土地资产评估咨询（广 东）有限公司（以下简称"中联评估"）就审核问询函所提问题进行了认真讨论 分析，现将相关回复说明如下。 问题四：关于资产基础法评估 申请文件显示：（1）资产基础法评估中无形资产评估增值 3.28 亿元，增 值率 210%，包括土地使用权资产和其他无形资产，土地使用权资产以其市场比 较法结果为最终评估结论，增长率为 45.64%，其他无形资产包括软件和系统、 授权专利使用权、专利权及软件著作权及商标，增值率为 6,389.37%；（2）本 次交易采用资产基础法和收益法进行评估，并采用资产基础法评估结果作为定 价依据。 请上市公司补充披露：（1）结合标的资产土地使用权评估过程、主要参数 的选取依据及合理性、土地使用权取 ...

华泰联合证券有限责任公司 关于佛山佛塑科技集团股份有限公司 发行股份及支付现金购买资产并募集配套资金 暨关联交易 之 独立财务顾问报告 （五次修订稿） 独立财务顾问 签署日期：二〇二五年十一月 华泰联合证券 独立财务顾问报告 独立财务顾问声明和承诺 华泰联合证券有限责任公司（以下简称"华泰联合证券""本独立财务顾问"）接 受佛山佛塑科技集团股份有限公司（以下简称"佛塑科技""上市公司"或"公司"） 委托，担任本次发行股份及支付现金购买资产并募集配套资金暨关联交易（以下简称"本 次交易"）的独立财务顾问，就该事项向上市公司全体股东提供独立意见，并制作本独 立财务顾问报告。 本独立财务顾问报告是依据《中华人民共和国公司法》《中华人民共和国证券法》 《上市公司重大资产重组管理办法》《上市公司并购重组财务顾问业务管理办法》《公 开发行证券的公司信息披露内容与格式准则第 26 号——上市公司重大资产重组》《上 市公司监管指引第 9 号——上市公司筹划和实施重大资产重组的监管要求》和《深圳证 券交易所上市公司重大资产重组审核规则》等法律法规及文件的规定和要求，以及证券 行业公认的业务标准、道德规范，经过审慎调查，本着诚实 ...

Market Overview - The plastic sector increased by 1.12% on November 28, with Daoming Optics leading the gains [1] - The Shanghai Composite Index closed at 3888.6, up 0.34%, while the Shenzhen Component Index closed at 12984.08, up 0.85% [1] Top Gainers in the Plastic Sector - Daoming Optics (002632) closed at 12.44, up 9.99% with a trading volume of 107,800 shares and a transaction value of 134 million yuan [1] - Foshan Plastics (000973) closed at 13.78, up 8.50% with a trading volume of 1,297,700 shares and a transaction value of 1.747 billion yuan [1] - Ping An Electric (001359) closed at 59.52, up 5.53% with a trading volume of 45,900 shares and a transaction value of 27 million yuan [1] - Heshun Technology (301237) closed at 50.83, up 5.00% with a trading volume of 19,300 shares and a transaction value of 9.754 million yuan [1] - Zhonglun New Materials (301565) closed at 27.60, up 4.90% with a trading volume of 119,900 shares and a transaction value of 330 million yuan [1] Top Losers in the Plastic Sector - Guofeng New Materials (000859) closed at 7.63, down 9.92% with a trading volume of 2,030,300 shares and a transaction value of 1.561 billion yuan [2] - Ningbo Color Masterbatch (301019) closed at 24.72, down 5.00% with a trading volume of 127,200 shares and a transaction value of 31.7 million yuan [2] - Xingye Co., Ltd. (603928) closed at 15.52, down 3.12% with a trading volume of 84,500 shares and a transaction value of 13.2 million yuan [2] Capital Flow in the Plastic Sector - The plastic sector saw a net inflow of 65.1441 million yuan from institutional investors, while retail investors contributed a net inflow of 32.0341 million yuan [2] - Speculative funds experienced a net outflow of 97.1783 million yuan [2] Individual Stock Capital Flow - Foshan Plastics (000973) had a net inflow of 16.6 million yuan from institutional investors, while it faced a net outflow of 38.0491 million yuan from speculative funds [3] - Dongcai Technology (601208) saw a net inflow of 96.2674 million yuan from institutional investors, with a net outflow of 25.3946 million yuan from speculative funds [3] - Daoming Optics (002632) experienced a net inflow of 37.2661 million yuan from institutional investors, but had a net outflow of 16.2180 million yuan from speculative funds [3]

Group 1 - Hunan Guangxin Aggregate New Materials Co., Ltd. has been established with a registered capital of 960 million yuan [1] - The legal representative of the new company is Chen Guangyi [1] - The business scope includes manufacturing and sales of plastic products, as well as production and sales of chemical products [1] Group 2 - The company is jointly held by Foshan Plastics Technology Co., Ltd. and Sinopec Hunan Petroleum and Chemical Co., Ltd. [1]

Group 1 - A new company, Hunan Guangxin Polymer New Materials Co., Ltd., has been established with a registered capital of 960 million yuan [1] - The company's business scope includes the manufacturing of plastic products and the sale of chemical products [1] - The shareholders of the company are Foshan Plastics Technology Co., Ltd. and Sinopec Hunan Petroleum and Chemical Co., Ltd. [1]

Core Insights - Hunan Guangxin Polymer New Materials Co., Ltd. has been established with a registered capital of 960 million RMB [1] - The company is co-owned by Foshan Plastics Technology Co., Ltd. and Sinopec Hunan Petroleum & Chemical Co., Ltd. [1] Company Overview - The legal representative of the new company is Chen Guangyi [1] - The business scope includes manufacturing and sales of plastic products, as well as production and sales of chemical products [1]

Core Insights - Fospower Technology (SZ000973) reached its daily limit on November 25, 2025, with a price of 13.22 yuan, marking a 9.98% increase and a total market capitalization of 12.789 billion yuan [1] Group 1: Business Developments - The company is actively pursuing a strategic transformation by acquiring 100% of Jinli Co., which will significantly enhance its supply chain synergy and technological reserves in the new energy sector [1] - Fospower is advancing new material projects such as polyamide-nylon films, aligning with national industrial policy directions, which may create new growth points in the long term [1] Group 2: Market Performance - On November 17 and 19, 2025, Fospower was included in the stock market's "Dragon and Tiger List," with total purchases of 1.24 billion yuan and 504 million yuan respectively, indicating strong market interest [1] - The recent activity in the plastic sector has contributed to a positive market sentiment, with several stocks in the same sector showing active performance, creating a sectoral linkage effect [1] Group 3: Financial Metrics - The company's construction projects have increased by 308.29%, demonstrating its commitment to capacity expansion through investments in high-precision capacitor films and barrier materials [1] - In Q3 2025, the operating cash flow grew by 43.58%, primarily due to optimized bill settlements, which supports the company's development [1] - Although net profit decreased year-on-year in Q3 2025, the company's proactive business layout and development strategy continue to attract investor interest [1]

Core Viewpoint - 佛塑科技 has shown strong stock performance despite recent market downturns, with a monthly increase of 65.85% and an annual increase of nearly 120% since 2025 [4][6]. Group 1: Stock Performance - On November 21, 佛塑科技's stock closed at 12.92 yuan per share, experiencing a significant drop on that day but maintaining a strong monthly performance [3][4]. - The company has achieved three trading halts within five days in November, indicating strong market interest [4]. Group 2: Strategic Acquisitions - 佛塑科技 plans to acquire 金力股份 for 50.8 billion yuan, focusing on lithium battery wet separator production, which is crucial for the growing lithium battery market [8][9]. - The acquisition aims to enhance 佛塑科技's capabilities in high polymer film materials and leverage synergies within the group [9]. Group 3: New Projects - The company is collaborating with subsidiaries of 紫金矿业 to establish a pilot project for battery-grade lithium sulfide, with a planned investment of 1.13 billion yuan [6][9]. - The project aims to produce high-purity lithium sulfide and is expected to strengthen 佛塑科技's position in the new materials sector [6][9]. Group 4: Market Context - The lithium battery industry is experiencing a dual demand surge from both power and energy storage sectors, with significant growth expected in the coming years [10]. - Recent policy support for new energy storage has bolstered market confidence, contributing to the stock price increases across the lithium battery supply chain [10].

从资金流向上来看，当日塑料板块主力资金净流出9.59亿元，游资资金净流入1.76亿元，散户资金净流入 7.82亿元。塑料板块个股资金流向见下表： 证券之星消息，11月21日塑料板块较上一交易日下跌4.12%，佛塑科技领跌。当日上证指数报收于 3834.89，下跌2.45%。深证成指报收于12538.07，下跌3.41%。塑料板块个股涨跌见下表： | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | | --- | --- | --- | --- | --- | --- | --- | | 000859 | 国风新材 | 8.68 | 10.01% | 316.64万 | | 26.05亿 | | 605488 | 福莱新材 | 32.38 | 2.63% | 10.40万 | | 3.37亿 | | 603928 | 兴业股份 | 16.73 | 2.32% | 21.54万 | 1 | 3.54亿 | | 001359 | 平安电工 | 53.80 | 1.84% | - 3.28万 | | 1.75亿 | | 688203 | 海正生材 | 13.10 | 1.00% | ...

（文章来源：证券日报） 证券日报网讯佛塑科技11月20日在互动平台回答投资者提问时表示，公司目前经营情况正常，内外部经 营环境未发生重大变化，不存在应披露而未披露信息。 ...