中材科技股份有限公司 审 计 报 告 众环审字（2025）0201793号 目 录 | | 起始页码 | | --- | --- | | 审计报告 | 1-5 | | 财务报表 | | | 合并资产负债表 | 1 | | 合并利润表 | 3 | | 合并现金流量表 | 4 | | 合并股东权益变动表 | 5 | | 资产负债表 | 7 | | 利润表 | 9 | | 现金流量表 | 10 | | 股东权益变动表 | 11 | | 财务报表附注 | 13 | 6-1-1 6-1-2 | 关键审计事项 | 在审计中如何应对该事项 | | --- | --- | | 与在建工程相关的披露请参见附注四、 | (1)了解与在建工程相关的内部控制,评价其设 | | 19及附注六、14。 | 计有效性; | | | (2)获取中材科技与施工单位、主要设备供应商、 | | 中材科技2024年末在建工程余额为 | 监理公司、管理公司和跟踪审计单位签署的合同, | | 106.59亿元(2023年末:60.54亿元),投 | 对合同关键条款进行了核实并获取了对应的依据; | | 入增幅较大,近年来持续对锂电池隔膜 | (3)检查 ...

北京植德律师事务所 关于中材科技股份有限公司 申请向特定对象发行股票的 法律意见书 植德（证）字[2025] 0059-1号 二〇二五年十一月 北京植德律师事务所 Merits & Tree Law Offices 北京市东城区东直门南大街 1 号来福士中心办公楼 12 层 邮编：100007 12th Floor, Raffles City Beijing Office Tower, No.1 Dongzhimen South Street, Dongcheng District, Beijing 100007 P.R.C 电话（Tel）：010-56500900 传真（Fax)：010-56500999 www.meritsandtree.com | 一、本次发行的批准和授权 7 | | --- | | 二、发行人的主体资格 12 | | 三、本次发行的实质条件 13 | | 四、发行人的设立 16 | | 五、发行人的独立性 16 | | 六、发行人的股东及实际控制人 16 | | 七、发行人上市以来的股本及其演变 17 | | 八、发行人的业务 17 | | 九、关联交易及同业竞争 17 | | 十、 ...

股票简称：中材科技 股票代码：002080 中材科技股份有限公司 （Sinoma Science & Technology Co.,Ltd.） （江苏省南京市江宁科学园彤天路 99 号） 2025 年度向特定对象发行 A 股股票 并在主板上市募集说明书 （申报稿） 保荐机构（主承销商） （深圳市前海深港合作区南山街道桂湾五路128号前海深港基金小镇B7栋401） 公告日期：2025 年 11 月 声 明 本公司及全体董事、董事会审计及法治建设委员会成员、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。 本公司负责人、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、深交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 ...

上市保荐书 华泰联合证券有限责任公司 关于中材科技股份有限公司 2025 年度向特定对象发行 A 股股票并在主板上市之 上市保荐书 深圳证券交易所： 作为中材科技股份有限公司（以下简称发行人、公司）2025 年度向特定对 象发行 A 股股票并在主板上市的保荐人，华泰联合证券有限责任公司及其保荐 代表人已根据《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》）等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）及贵所的有关规定，诚实守信，勤勉尽责，严格按照依法制定 的业务规则和行业自律规范出具上市保荐书，并保证所出具文件真实、准确、完 整。 现将有关情况报告如下： 一、发行人基本情况 （一）发行人概况 发行人名称：中材科技股份有限公司 注册地址：江苏省南京市江宁科学园彤天路 99 号 注册时间：2001 年 12 月 28 日 联系方式：010-88437909 （二）发行人的主营业务 公司围绕新能源、新材料、绿色低碳等战略性新兴产业方向，聚焦特种纤维、 复合材料、新能源材料等赛道，发展以玻璃纤维及制品、风电叶片为代表的核心 主业产品，同时从事锂电池隔膜、高压复 ...

关于中材科技股份有限公司 2025 年度向特定对象发行 A 股股票并在 主板上市之 发行保荐书 保荐人（主承销商） （深圳市前海深港合作区南山街道桂湾五路128号前海深港基金小镇B7栋401） 中材科技股份有限公司（以下简称中材科技、发行人或公司）申请向特定对 象发行 A 股股票并在主板上市，依据《公司法》《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》）《深圳证券交易所上市公司证券发 行上市审核规则》（以下简称《审核规则》）等相关的法律、法规的有关规定，提 交发行申请文件。华泰联合证券有限责任公司（以下简称华泰联合证券、保荐人） 作为其本次发行的保荐人，冯旭和廖君作为具体负责推荐的保荐代表人，特为其 出具本发行保荐书。 保荐人华泰联合证券、保荐代表人冯旭和廖君承诺：本保荐人和保荐代表人 根据《公司法》《证券法》等有关法律、法规和中国证监会、深圳证券交易所的 有关规定，诚实守信、勤勉尽责，严格按照依法制定的业务规则、行业执业规范 和道德准则出具本发行保荐书，并保证所出具文件的真实性、准确性和完整性。 3-1-1 发行保荐书 华泰联合证券有限责任公司 关于中材科技股份有限公司 2025 年 ...

Group 1: Industry Overview - The lithium battery separator industry shows signs of recovery in the first three quarters of 2025, with over 50% of listed companies reporting positive revenue growth year-on-year [3][4] - Major players like Enjie and Xingyuan Materials reported revenue growth of 27.85% and 13.53% respectively [4][6] - The overall net profit of the lithium battery separator industry is on the rise, contrasting with the decline seen in 2024, with over half of the listed companies turning from negative to positive net profit [6][8] Group 2: Company Performance Analysis Xingyuan Materials - In the first three quarters of 2025, Xingyuan Materials achieved revenue of 29.58 billion, a year-on-year increase of 13.53%, but net profit fell by 67.25% to 1.14 billion [13][11] - The company's gross margin decreased by 7.64 percentage points, while net margin dropped by 8.71 percentage points [13][9] Enjie - Enjie reported revenue of 95.43 billion in the first three quarters of 2025, marking a 27.85% increase, but net profit fell to -0.86 billion, a decline of 119.46% [16][17] - The gross margin decreased by 5.06 percentage points, and net margin fell by 7.19 percentage points [16][9] Cangzhou Mingzhu - Cangzhou Mingzhu achieved revenue of 20.78 billion, a 5.9% increase, with net profit rising slightly by 0.99% to 1.4 billion [20][21] - The gross margin increased by 1.27 percentage points, while net margin decreased by 0.32 percentage points [20][9] Zhongcai Technology - Zhongcai Technology reported revenue of 217 billion, a 29.09% increase, and net profit of 14.8 billion, a significant rise of 143.24% [25][26] - Both gross and net margins improved, with gross margin up by 1.87 percentage points and net margin up by 3.5 percentage points [25][9] Putailai - Putailai's revenue reached 108.3 billion, a 10.06% increase, with net profit growing by 37.25% to 17 billion [28][29] - The company saw improvements in both gross margin (up 3.36 percentage points) and net margin (up 2.59 percentage points) [28][9] Henglian Petrochemical - Henglian Petrochemical reported revenue of 157.5 billion, a decline of 11.46%, with net profit slightly down by 1.61% to 50.23 billion [32][31] - Despite the revenue drop, both gross and net margins increased, with gross margin up by 3.1 percentage points and net margin up by 0.31 percentage points [32][9] Meilian New Materials - Meilian New Materials experienced a revenue decline of 1.69% to 12.47 billion, with a net loss of 0.37 billion, a significant drop of 201.86% [34][35] - The company faced reductions in both gross margin (down 7.88 percentage points) and net margin (down 8.61 percentage points) [34][9] Dongfeng Co. - Dongfeng Co. reported revenue of 70.11 billion, a decrease of 12.13%, but net profit increased by 188.57% to 1.02 billion [38][39] - The company improved its gross margin by 0.48 percentage points and net margin by 2.89 percentage points [38][9] Changyang Technology - Changyang Technology's revenue fell by 19.38% to 8.09 billion, with a net loss of 0.05 billion, a decline of 128.82% [41][42] - The gross margin improved by 6.66 percentage points, while net margin decreased by 2.51 percentage points [41][9]

Investment Rating - The report maintains a "Positive" investment rating for the building materials industry [12]. Core Viewpoints - The report highlights an increase in expectations regarding real estate policies, suggesting a focus on high-quality consumer building materials leaders. The industry is experiencing intensified downward pressure, but the anticipated policy tools aim to reduce housing burdens, which could support residential demand [6][9]. - The report recommends focusing on quality leaders in consumer building materials, such as SanKeTree, TuBaoBao, and WeiXing New Materials, as they possess bottom value and are expected to benefit from policy changes and operational turning points [6][9]. - The report notes a slight decline in cement prices and a shift in glass inventory from decrease to increase, indicating ongoing challenges in the market [7][8]. Summary by Sections Basic Situation - Cement prices have slightly decreased, with a national average of 355.65 yuan/ton, down 1.45 yuan/ton week-on-week and down 76.77 yuan/ton year-on-year. The cement output rate is approximately 45.5%, reflecting a 0.4 percentage point decrease [24][32]. - The glass market is operating weakly, with a national average price of 61.55 yuan per weight box, down 1.84 yuan per weight box week-on-week and down 15.22 yuan year-on-year. The inventory of glass has increased, indicating pressure on the market [38][40]. Recommendations - The report continues to recommend investments in the African supply chain and existing supply chain leaders, highlighting companies like Huaxin Cement and Keda Manufacturing as key players benefiting from demand recovery and structural optimization [9]. - It emphasizes the importance of focusing on quality leaders in the consumer building materials sector, particularly those with strong business models and growth potential, such as SanKeTree and TuBaoBao [9]. Market Trends - The report indicates that the downward slope of the industry is increasing, with a focus on the expected rise in real estate policies. The core reasons for the pressure on housing prices in major cities are linked to income and inflation expectations, as well as the rental-to-sale ratio being inverted with mortgage rates [6][9].

Core Viewpoint - The company has successfully registered and issued a short-term financing bond, indicating its ongoing efforts to secure funding for innovation and growth [1] Group 1: Bond Issuance - On April 12, 2024, the company held its annual shareholder meeting and approved a proposal to apply for the registration of issuing up to 4.8 billion RMB in short-term financing bonds [1] - On October 22, 2024, the company received a registration acceptance notice from the Trading Association, confirming the approved registration amount of 4.8 billion RMB, valid for two years from the date of the notice [1] - On November 25, 2025, the company completed the issuance of its third phase of technology innovation bonds, amounting to 500 million RMB [1]

中材科技股份有限公司 2025 年 11 月 25 日，公司完成了 2025 年度第三期科技创新债券人民币 5 亿 元的发行，现将发行结果公告如下： | 名称 | 中材科技股份有限 公司 年度第三 2025 期科技创新债券 | 简称 | 25中材科技 SCP003 （科创债） | | --- | --- | --- | --- | | 代码 | 012582871 | 期限 | 天 205 | | 起息日 | 2025 年 11 月 25 日 | 兑付日 | 2026 年 6 月 18 日 | | 实际发行总额 | 5 亿元 | 计划发行总额 | 5 亿元 | | 发行价格 | 元/百元 100 | 发行利率 | 1.6% | | 主承销商 | | 南京银行股份有限公司、中国建设银行股份有限公司 | | 特此公告。 中材科技股份有限公司董事会 2025 年度第三期科技创新债券发行结果公告 本公司及董事会全体成员保证信息披露的内容真实、准确和完整，没有虚假 记载、误导性陈述或者重大遗漏。 2024 年 4 月 12 日，中材科技股份有限公司（以下简称"公司"）召开 2023 年度股东大会，审议通过了《关于申请注 ...

Group 1 - The core viewpoint of the news is the performance and market position of China National Materials Technology Co., Ltd. (中材科技), which saw a stock price increase of 5.02% to 34.28 CNY per share, with a total market capitalization of 57.526 billion CNY [1] - The company, established on December 28, 2001, and listed on November 20, 2006, focuses on three main industries: wind power blades (39.01% of revenue), fiberglass and products (28.05%), and lithium battery separators (6.96%) [1] - The company also engages in the research, manufacturing, and sales of high-pressure composite gas cylinders, membrane materials, and other composite materials [1] Group 2 - From the perspective of fund holdings, China National Materials Technology has one major fund, the Jianxin CSI 500 Index Enhanced A (建信中证500指数增强A), which held 1.5733 million shares, accounting for 1.13% of the fund's net value [2] - The fund has generated a floating profit of approximately 2.5802 million CNY today, with a total fund size of 3.908 billion CNY [2] - Year-to-date, the fund has achieved a return of 21.86%, ranking 2118 out of 4206 in its category [2]