国投证券股份有限公司 关于浙江信凯科技集团股份有限公司 首次公开发行股票并在主板上市 之 上市保荐书 二〇二五年四月 保荐机构（主承销商） | 目 录 1 | | --- | | 一、发行人基本情况 3 | | 二、本次证券发行情况 12 | | 三、保荐机构是否存在可能影响公正履行保荐职责情形的说明 15 | | 四、保荐机构承诺事项 15 | | 五、发行人就本次证券发行上市履行的相关决策程序 16 | | 六、保荐机构关于发行人符合板块定位及国家产业政策的核查情况 17 | | 七、保荐机构关于发行人是否符合《上市规则》规定的上市条件的说明 19 | | 八、保荐机构对发行人证券上市后持续督导工作的具体安排 24 | | 九、保荐机构对本次证券发行上市的推荐结论 25 | 深圳证券交易所： 国投证券股份有限公司（以下简称"国投证券"、"保荐机构"、"本保荐 机构"）接受浙江信凯科技集团股份有限公司（以下简称"信凯科技"、"发行 人"、"公司"）的委托，就其首次公开发行股票并在主板上市事项（以下简称 "本次发行"）出具本上市保荐书。 国投证券及其保荐代表人根据《中华人民共和国公司法》（以下简称"《公 司法 ...

上海市锦天城律师事务所 关于浙江信凯科技集团股份有限公司 首次公开发行股票并在深圳证券交易所主板上市的 法律意见书 地址：上海市浦东新区银城中路 501 号上海中心大厦 11/12 层 电话：021-20511000 传真：021-20511999 邮编：200120 | 一、 | 本次发行上市的批准和授权 3 | | --- | --- | | 二、 | 发行人具备本次发行上市的主体资格 4 | | 三、 | 发行人符合本次发行上市的实质条件 4 | | 四、 | 本次发行上市的保荐机构和保荐代表人 5 | | 五、 | 发行人及相关责任主体出具的承诺及约束措施 6 | | 六、 | 结论意见 6 | 上海市锦天城律师事务所 法律意见书 上海市锦天城律师事务所 关于浙江信凯科技集团股份有限公司 首次公开发行股票并在深圳证券交易所主板上市的 为出具本法律意见书，本所律师作如下声明： 1．本所及本所律师依据本法律意见书出具日以前已经发生或者存在的事实， 严格履行了法定职责，遵循了勤勉尽责和诚实信用原则，进行了充分的核查验证， 保证本法律意见书所认定的事实真实、准确、完整，所发表的结论性意见合法、 准确，不存在虚 ...

Core Viewpoint - Xinkai Technology (001335.SZ) has initiated its subscription with an issue price of 12.80 yuan per share and a price-to-earnings ratio of 14.38 times, focusing on the development, sales, and service of organic pigments and colorants [1][2]. Company Overview - Xinkai Technology specializes in organic pigments, including azo pigments, heterocyclic pigments, and phthalocyanine pigments, primarily used in inks, coatings, and plastics [1]. - The company has established subsidiaries in countries such as the Netherlands, the USA, Australia, Canada, Turkey, India, and the UK, with operations in over 70 countries and regions [2]. Market Position - Xinkai Technology is a leading exporter in the organic pigment industry in China, having ranked first in exports from 2015 to 2023 according to the China Dye Industry Association [2]. - The company has completed 89 REACH registrations for organic pigments and related chemicals, positioning itself as a leader in the domestic market for REACH compliance [2]. Financial Performance - The company reported revenues of approximately 1.206 billion yuan, 1.192 billion yuan, 1.069 billion yuan, and 666 million yuan for the years 2021, 2022, 2023, and the first half of 2024, respectively [2]. - Net profits for the same periods were 89.06 million yuan, 85.31 million yuan, 84.55 million yuan, and 42.49 million yuan [2]. - As of June 30, 2024, total assets amounted to 1.629 billion yuan, with equity attributable to shareholders at 597.35 million yuan and a debt-to-asset ratio of 60.68% [3].

Company Overview - Xinkai Technology, established in 1996, is a significant supplier in the global organic pigment industry, focusing on the development, sales, and service of organic pigments and colorants [2][4] - The company offers over 450 specifications of pigment products, including azo pigments, heterocyclic pigments, and phthalocyanine pigments, which are known for their durability and environmental friendliness [2][4] Financial Performance - In 2024, Xinkai Technology achieved a revenue of approximately 1.417 billion yuan, representing a year-on-year increase of 32.55%, and a net profit of about 111 million yuan, up 26.31% [5] - The revenue growth is attributed to stable macroeconomic conditions and increased consumer confidence, leading to higher downstream demand [5] - For Q1 2025, the company expects revenue between 340 million to 370 million yuan, reflecting a year-on-year growth of 6.94% to 16.37%, and a net profit of 20.5 million to 23.5 million yuan, indicating a growth of 18.23% to 35.53% [5] Market Position - Xinkai Technology has been the top exporter of organic pigments in China for several consecutive years, with a significant presence in over 70 countries and regions [6][7] - The company has established long-term partnerships with major international firms, enhancing its brand influence in the industry [7] Industry Insights - The global organic pigment market maintains a balanced demand and supply, with an annual production of approximately 400,000 to 500,000 tons, and China being the largest producer and exporter [7][8] - In 2022, the global organic pigment market size was approximately 368.62 million yuan, with Xinkai Technology's sales amounting to 1.145 billion yuan, capturing about 3.11% of the market share [8] - The industry is expected to see increased competitiveness and profitability for leading companies like Xinkai Technology due to rising environmental regulations and industry upgrades [8]