Company Overview - Zhongqi New Materials Co., Ltd. is located in Gaoming District, Foshan City, Guangdong Province, and was established on March 27, 2007. The company was listed on August 23, 2021. Its main business involves the research, production, sales, and service of artificial quartz stone decorative materials [1]. - The revenue composition of Zhongqi New Materials includes 79.86% from slabs, 19.58% from countertops, 0.37% from other income, and 0.19% from high-purity sand [1]. Stock Performance - On September 4, Zhongqi New Materials' stock fell by 5.01%, trading at 52.75 CNY per share, with a transaction volume of 355 million CNY and a turnover rate of 4.11%. The total market capitalization is 9.823 billion CNY [1]. Shareholder Information - Among the top ten circulating shareholders of Zhongqi New Materials, Yongying Fund has a fund that entered the top ten in the second quarter, holding 2.8 million shares, which accounts for 1.79% of the circulating shares. The estimated floating loss today is approximately 7.784 million CNY [2]. - The Yongying Semiconductor Industry Selected Mixed Fund A (015967) was established on September 22, 2022, with a latest scale of 196 million CNY. Year-to-date returns are 50.93%, ranking 637 out of 8180 in its category, while the one-year return is 124.21%, ranking 148 out of 7978 [2]. - The fund manager, Zhang Haixiao, has a cumulative tenure of 2 years and 99 days, with the fund's total asset scale at 2.436 billion CNY. The best fund return during his tenure is 52.47%, while the worst is -19.48% [2].

Core Viewpoint - The announcement highlights the passive dilution of shareholding percentages for major shareholders due to the conversion of convertible bonds into shares, affecting their voting rights and overall governance structure of the company [1][2]. Summary by Sections Basic Situation of Equity Change - The company issued 5.4 million convertible bonds with a total value of 540 million RMB, which began trading on April 25, 2023, and started conversion on September 11, 2023 [1]. - The conversion of these bonds has led to a passive dilution of shareholding percentages for major shareholders, including the controlling shareholder, Guangdong Xingkong Technology Equipment Co., Ltd. [1][2]. Shareholding Changes - As of July 21, 2025, the total share capital of the company was 183,023,996 shares, which increased to 185,416,404 shares by August 20, 2025, following the conversion of 797,263 shares from the convertible bonds [2]. - The controlling shareholder's stake decreased from 28.43% to 27.94% due to this dilution, while another major shareholder's stake was reported at 18.02% [2][5]. Specific Changes in Major Shareholders - The announcement details the changes in shareholding for major shareholders, including Guangdong Xingkong Technology and its associated parties, which experienced a combined reduction of 0.49% in their shareholding due to the bond conversion [3][4]. - The report also indicates that Hainan Yuminghua and other associated parties have reduced their holdings, contributing to an overall decrease in voting rights [4][5]. Compliance and Regulatory Notes - The company assures compliance with relevant securities laws and regulations, confirming that the changes in shareholding do not violate any legal provisions [6]. - The announcement includes a note on the agreement regarding the waiver of voting rights for certain shares held by Hainan Yuminghua, which is part of a broader strategy to stabilize control [6].

| 证券代码：001212 | 证券简称：中旗新材 | 公告编号：2025-080 | | --- | --- | --- | | 转债代码：127081 | 债券简称：中旗转债 | | 广东中旗新材料股份有限公司 关于 5%以上股东及其一致行动人因可转债转股权益比例触 及 1%整数倍的提示性公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚 假记载、误导性陈述或重大遗漏。 特别提示： 1、本次权益变动主要系广东中旗新材料股份有限公司（以下简称"公司"） 可转换公司债券（以下简称"可转债"）"中旗转债"转股导致公司总股本增加， 致使 5%以上股东及其一致行动人所持有的公司股份比例被动稀释，权益变动比 例触及 1%的整数倍，不涉及持股数量及有表决权股份数量发生变化。 2、本次权益变动不涉及要约收购，不会导致公司控制权发生变化，不会影 响公司的治理结构和持续经营。 一、本次权益变动的基本情况 公司因可转债转股，导致公司控股股东广东星空科技装备有限公司（以下简 称"星空科技"）及其一致行动人陈耀民先生、5%以上股东周军先生及其一致 行动人海南羽明华创业投资有限公司（以下简称"海南羽明华"）、熊宏 ...

| 交易日期 | 证券代码 | 证券简称 | 成交价格 (元) | 成交量 (万股/万份) | 成交金额 (万元) | 买方营业部 | 卖方营业部 | | --- | --- | --- | --- | --- | --- | --- | --- | | 2025-09-02 | 001212 | 中旗新材 | 53.42 | 4.00 | 213.68 | 中银国际证券股份 | 中信证券华南股份 | | | | | | | | 有限公司珠海九洲 | 有限公司佛山分公 | | | | | | | | 大道东证券营业部 | 司 | 9月2日，中旗新材大宗交易成交4万股，成交额213.68万元，占当日总成交额的0.35%，成交价53.42 元，较市场收盘价56.82元折价5.98%。 ...

Company Overview - Zhongqi New Materials Co., Ltd. is located in Foshan, Guangdong Province, established on March 27, 2007, and listed on August 23, 2021. The company specializes in the research, production, sales, and service of artificial quartz stone decorative materials [1] - The main revenue composition includes: 79.86% from slabs, 19.58% from countertops, 0.37% from other income, and 0.19% from high-purity sand [1] Stock Performance - On September 2, Zhongqi New Materials' stock fell by 5%, trading at 56.38 CNY per share, with a transaction volume of 577 million CNY and a turnover rate of 6.34%. The total market capitalization is 10.454 billion CNY [1] Shareholder Information - Yongying Fund's semi-conductor industry selected mixed fund A (015967) entered the top ten circulating shareholders, holding 2.8 million shares, which accounts for 1.79% of circulating shares. The estimated floating loss today is approximately 8.316 million CNY [2] - The fund was established on September 22, 2022, with a latest scale of 196 million CNY. Year-to-date return is 59.1%, ranking 499 out of 8184 in its category; the one-year return is 130.62%, ranking 129 out of 7971; and since inception, the return is 56.22% [2]

Market Overview - On September 1, the renovation and building materials sector rose by 0.01% compared to the previous trading day, with Kexin New Materials leading the gains [1] - The Shanghai Composite Index closed at 3875.53, up 0.46%, while the Shenzhen Component Index closed at 12828.95, up 1.05% [1] Top Gainers in the Sector - Kexin New Materials (833580) closed at 17.19, up 17.42% with a trading volume of 142,500 shares and a transaction value of 228 million yuan [1] - Beijing Lier (002392) closed at 8.83, up 9.96% with a trading volume of 540,400 shares and a transaction value of 46.9 million yuan [1] - Other notable gainers include Yabao Ceiling (002718) up 2.85%, and Puren Co. (002225) up 2.26% [1] Top Losers in the Sector - Beixin Building Materials (000786) closed at 26.27, down 1.61% with a trading volume of 178,000 shares [2] - Sankeshu (603737) closed at 47.93, down 1.50% with a trading volume of 55,400 shares [2] - Other notable losers include Zhongtie Assembly (300374) down 1.29%, and Ruitai Technology (002066) down 0.92% [2] Capital Flow Analysis - The renovation and building materials sector experienced a net outflow of 171 million yuan from institutional investors, while retail investors saw a net inflow of 101 million yuan [2] - Speculative funds had a net inflow of 69.83 million yuan into the sector [2]

Group 1 - The core transaction of Zhongqi New Materials on August 29 involved 40,000 shares traded at a price of 53.01 yuan, resulting in a total transaction amount of 2.1204 million yuan, which accounted for 0.36% of the total trading volume for that day [1][2] - The transaction price represented a discount of 9.68% compared to the market closing price of 58.69 yuan [1]

Financial Performance - The company reported total revenue of 197 million yuan for the first half of 2025, a decrease of 23.93% year-on-year [1] - The net profit attributable to shareholders was 2.52 million yuan, down 89.35% compared to the previous year [1] - The gross profit margin was 14.6%, a decline of 24.5% year-on-year, while the net profit margin dropped to 1.19%, down 87.02% [1] - Total expenses (selling, administrative, and financial) amounted to 17.08 million yuan, representing 8.66% of revenue, an increase of 53.43% year-on-year [1] Accounts Receivable and Cash Flow - The company's accounts receivable reached 215.85% of the latest annual net profit, indicating a significant amount of outstanding payments [1][4] - Operating cash flow per share was 0.01 yuan, a decrease of 98.38% year-on-year [1] Debt and Assets - The company had interest-bearing liabilities of 338 million yuan, a reduction of 17.69% from the previous year [1] - Cash and cash equivalents decreased by 60.62% to 39 million yuan [1] - The book value per share was 8.97 yuan, down 28.95% year-on-year [1] Business Model and Investment Returns - The company's return on invested capital (ROIC) was 1.06%, indicating weak capital returns, with a historical median ROIC of 17.29% since its listing [3] - The company relies heavily on research and development and capital expenditures, necessitating careful evaluation of these investments [3] Mining Operations - The company signed a mining rights transfer contract, increasing its quartz resource total to 825.7 million tons and doubling its production capacity from 200,000 tons/year to 400,000 tons/year [8]

Core Viewpoint - Zhongqi New Materials (001212.SZ) reported a significant decline in both revenue and net profit for the first half of 2025, indicating potential challenges in its operational performance [1] Financial Performance - The company achieved operating revenue of 197 million yuan, a year-on-year decrease of 23.93% [1] - The net profit attributable to shareholders was 2.523 million yuan, down 89.35% year-on-year [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 449,200 yuan, a decline of 98.00% year-on-year [1] - Basic earnings per share were reported at 0.02 yuan [1]

Core Viewpoint - The company reported a significant decline in both revenue and net profit for the first half of 2025, indicating potential challenges in its financial performance [1] Financial Performance - The company achieved an operating revenue of 197 million yuan, representing a year-on-year decrease of 23.93% [1] - The net profit attributable to shareholders of the listed company was 2.523 million yuan, down 89.35% year-on-year [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 449,200 yuan, reflecting a decline of 98.00% year-on-year [1] - The basic earnings per share were reported at 0.02 yuan [1]