Core Viewpoint - The company has provided a detailed response to the Shenzhen Stock Exchange regarding its application for issuing convertible bonds, outlining its operational status and fundraising project plans [1] Group 1: Operational Analysis - The company's main business includes negative electrode materials and graphitized coke, with sales revenue for negative electrode materials over the past three years being 4.198 billion, 3.736 billion, and 4.707 billion yuan, showing an 11.01% year-on-year decrease in 2023 due to market competition and price declines [2] - The gross profit margins have decreased over the years, recorded at 41.65%, 27.74%, and 25.72% [2] - Net profit attributable to the parent company was 1.289 billion, 722.9 million, and 838.3 million yuan over the same period [2] - Accounts receivable have consistently increased, with a 66.67% rise at the end of 2023 compared to 2022 [2] - The asset-liability ratios were 41.41%, 23.64%, and 32.38% respectively [2] - The company reported negative cash flow from operating activities over the past three years, with figures of -794.4 million, -416.4 million, and -284.4 million yuan [2] Group 2: Business Segment Analysis - The negative electrode materials segment contributed over 85% to the company's revenue during the reporting period, with sales prices declining from 2022 to 2024, but showing a slight increase in the first half of 2025 [2] - The company has implemented a differentiated product strategy to enhance competitiveness, with projected revenue growth of 25.97% in 2024 and 68.42% in the first half of 2025 [2] - The carbon products segment, primarily graphitized coke, has a lower revenue contribution and is subject to significant price fluctuations based on raw material costs and downstream demand [2] Group 3: Fundraising Project Insights - The company plans to raise up to 1.734 billion yuan for a new integrated production project for 200,000 tons of lithium battery negative electrode materials annually [3] - The project is expected to have a tax-adjusted static investment recovery period of 8.11 years and an internal rate of return of 12.82% [3] - The project aligns with industry growth trends and the company's market position, with plans to manage capacity and customer distribution effectively [3] - There are risks associated with land use and environmental approvals for the project, but the company has prepared countermeasures [3]

尚太科技（001301）(001301.SZ)公告，公司拟以自有资金在中国香港设立全资子公司，负责境外焦类 原材料供应商的探索、采购和贸易，利用中国香港作为国际贸易中心、物流中心、金融中心的区位优 势，发掘更多品种的焦类原材料。该子公司暂定名为尚太科技(香港)有限公司，注册资本5000万港元。 ...

尚太科技(001301.SZ)公告，公司拟以自有资金在中国香港设立全资子公司，负责境外焦类原材料供应 商的探索、采购和贸易，利用中国香港作为国际贸易中心、物流中心、金融中心的区位优势，发掘更多 品种的焦类原材料。该子公司暂定名为尚太科技(香港)有限公司，注册资本5000万港元。 ...

Core Viewpoint - Shangtai Technology (001301.SZ) is establishing a wholly-owned subsidiary in Hong Kong to explore, procure, and trade carbonaceous raw materials, leveraging Hong Kong's advantages as an international trade, logistics, and financial center to meet the production needs of the new energy industry [1] Group 1: Company Strategy - The company aims to utilize its own funds to set up a subsidiary in Hong Kong for the exploration and procurement of carbonaceous raw materials [1] - The focus is on sourcing materials such as petroleum coke and needle coke, which are by-products of the oil refining process [1] - This strategic move is intended to capitalize on the development opportunities in the new energy sector [1] Group 2: Industry Context - The production of artificial graphite anode materials is closely linked to oil refining capacity, with key countries in this sector including the United States, Russia, and Middle Eastern nations [1] - There is a noted lack of development in the artificial graphite anode materials industry in these regions, indicating potential opportunities for sourcing raw materials [1] - The company seeks to address the production demands of both itself and the broader industry through this initiative [1]

Core Viewpoint - The company, Shangtai Technology, is establishing a wholly-owned subsidiary in Hong Kong to explore, procure, and trade raw materials for artificial graphite anode materials, leveraging Hong Kong's advantages as an international trade, logistics, and financial center [1] Group 1: Company Strategy - The primary raw materials for artificial graphite anode materials are various types of cokes, including petroleum coke and needle coke, which are by-products of the oil refining process [1] - The company aims to tap into the global supply of coke materials, particularly in regions lacking a developed artificial graphite anode industry, such as the US, Russia, and Middle Eastern countries [1] - The establishment of the subsidiary is intended to enhance the company's ability to meet production demands in the growing new energy sector [1] Group 2: Industry Context - The exploration and development of coke materials are currently insufficient in key oil refining countries outside of China, indicating a potential gap in the market [1] - The company's initiative aligns with the increasing demand for raw materials in the new energy industry, which is expected to grow significantly [1]

证券简称：尚太科技 证券代码：001301 石家庄尚太科技股份有限公司 （无极县里城道乡南沙公路西侧） 向不特定对象发行可转换公司债券 募集说明书 （修订稿） 保荐机构（主承销商） （深圳市罗湖区红岭中路 1012 号国信证券大厦十六层至二十六层） 二零二五年九月 石家庄尚太科技股份有限公司 募集说明书 声 明 本公司及全体董事、监事、高级管理人员承诺募集说明书及其他信息披露资 料不存在任何虚假记载、误导性陈述或重大遗漏，并对其真实性、准确性及完整 性承担相应的法律责任。 公司负责人、主管会计工作负责人及会计机构负责人保证募集说明书中财务 会计资料真实、完整。 中国证监会、交易所对本次发行所作的任何决定或意见，均不表明其对申请 文件及所披露信息的真实性、准确性、完整性作出保证，也不表明其对发行人的 盈利能力、投资价值或者对投资者的收益作出实质性判断或保证。任何与之相反 的声明均属虚假不实陈述。 根据《证券法》的规定，证券依法发行后，发行人经营与收益的变化，由发 行人自行负责。投资者自主判断发行人的投资价值，自主作出投资决策，自行承 担证券依法发行后因发行人经营与收益变化或者证券价格变动引致的投资风险。 1-1 ...

证券简称：尚太科技 证券代码：001301 关于石家庄尚太科技股份有限公司 申请向不特定对象发行可转换公司债券 的审核问询函的回复报告 保荐人（主承销商） 深圳证券交易所： 贵所于 2025 年 5 月 18 日出具的《关于石家庄尚太科技股份有限公司申请向 不特定对象发行可转换公司债券的审核问询函》（审核函〔2025〕120020 号）（以 下简称"审核问询函"）已收悉。石家庄尚太科技股份有限公司（以下简称"尚 太科技""发行人"或"公司"）与国信证券股份有限公司（以下简称"保荐人" 或"保荐机构"）、北京市金杜律师事务所（以下简称"发行人律师"）、中汇会计 师事务所（特殊普通合伙）（以下简称"会计师"）等相关方对审核问询函所列问 题进行了逐项核查，现回复如下，请审核。如无特别说明，本审核问询函回复使 用的简称与《石家庄尚太科技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（申报稿）》（以下简称"募集说明书"）中的释义相同。在本审核问询 函回复中，若出现总计数尾数与所列数值总和尾数不符的情况，均为四舍五入所 致。 | 审核问询函所列问题 | 黑体（加粗） | | --- | --- | | 审核问询函 ...

国信证券股份有限公司 本发行保荐书中如无特别说明，相关术语或简称具有与《石家庄尚太科技股 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》中相同的含义。 3-1-1 | 四、本次发行符合《注册管理办法》和《<上市公司证券发行注册管理办法> | | --- | 关于石家庄尚太科技股份有限公司 主板向不特定对象发行可转换公司债券的 发行保荐书 保荐人（主承销商） （深圳市罗湖区红岭中路1012号国信证券大厦十六层至二十六层） 保荐机构声明 本保荐机构及所指定的两名保荐代表人均是根据《中华人民共和国公司法》 （以下简称《公司法》）、《中华人民共和国证券法》（以下简称《证券法》）、《上 市公司证券发行注册管理办法》（以下简称《注册管理办法》）等有关法律、法规 和中国证券监督管理委员会（以下简称中国证监会）的有关规定，诚实守信，勤 勉尽责，严格按照依法制订的业务规则、行业执业规范和道德准则出具本发行保 荐书，并保证所出具的文件真实、准确、完整。 第一节 本次证券发行基本情况 一、保荐代表人情况 张宇女士：国信证券投资银行事业部业务总监，保荐代表人，法律硕士，具 有法律职业资格。2017 年进入国信证券投资银行事业部 ...

关于 石家庄尚太科技股份有限公司 北京市金杜律师事务所 向不特定对象发行可转换公司债券 的 补充法律意见书（二） 4-1-1 致：石家庄尚太科技股份有限公司 北京市金杜律师事务所（以下简称金杜或本所）接受石家庄尚太科技股份有限 公司（以下简称尚太科技或发行人）的委托，担任发行人本次向不特定对象发行可 转换公司债券的中国境内专项法律顾问。 本所根据《中华人民共和国证券法》（以下简称《证券法》）、《中华人民共 和国公司法》（以下简称《公司法》）、《上市公司证券发行注册管理办法》（以 下简称《注册管理办法》）、《律师事务所从事证券法律业务管理办法》（以下简 称《证券法律业务管理办法》）、《律师事务所证券法律业务执业规则（试行）》 （以下简称《证券法律业务执业规则》）、《公开发行证券公司信息披露的编报规 则第 12 号——公开发行证券的法律意见书和律师工作报告》（证监发[2001]37 号） （以下简称《编报规则第 12 号》）等法律、行政法规、部门规章、规范性文件和中 国证券监督管理委员会（以下简称中国证监会）的有关规定，按照律师行业公认的 业务标准、道德规范和勤勉尽责精神，已于 2025 年 4 月 21 日出具 ...

关于石家庄尚太科技股份有限公司 申请向不特定对象发行可转换公司债券审核问询函 有关财务问题回复的专项说明 中国杭州市钱江新城新业路 8 号 UDC 时代大厦 A 座 5-8 层、12 层、23 层 www.zhcpa.cn Floors5-8,12and23,Block A,UDC Times Building,No.8 Xinye Road，Qianjiang New City,Hangzhou Tel.0571-88879999 Fax.0571-88879000 关于石家庄尚太科技股份有限公司 申请向不特定对象发行可转换公司债券审核问询函 有关财务问题回复的专项说明 中汇会专[2025]10640 号 如无特别说明，本专项说明使用的简称与《石家庄尚太科技股份有限公司向不 特定对象发行可转换公司债券募集说明书（申报稿）》（以下简称"募集说明书"） 中的释义相同。在本专项说明中，若出现总计数尾数与所列数值总和尾数不符的情 况，均为四舍五入所致。 问题 1： 根据申报材料，最近三年，公司的主营业务主要包括负极材料、石墨化焦等， 公司负极材料销售收入分别为 419,825.44 万元、373,614.87 万元 ...