江苏九鼎新材料股份有限公司 证券代码：002201 证券简称：九鼎新材 公告编号：2025-52 关于与专业投资机构共同投资的进展公告 本公司及董事会全体成员保证信息披露内容的真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 一、与专业投资机构共同投资概述 江苏九鼎新材料股份有限公司（以下简称"公司"）于 2025 年 8 月 28 日经公司第十 一届董事会第四次临时会议审议通过了《关于公司与专业投资机构共同投资设立有限合伙 企业的议案》。公司拟作为有限合伙人认缴人民币 1,500 万元与南京一合私募基金管理有 限公司及其他合伙人共同出资设立江阴一合乙巳创业投资合伙企业（有限合伙）（以下简 称"合伙企业"）。具体内容详见公司于 2025 年 8 月 29 日在《证券时报》《上海证券报》 和巨潮资讯网（http://www.cninfo.com.cn）上披露的《关于公司拟与专业投资机构共同 投资的公告》（公告编号：2025-51）。 二、与专业投资机构共同投资的进展情况 主要经营场所：江阴市临港经济开发区珠江路 200 号 206 号 经营范围：创业投资（限投资未上市企业）；股权投资（除依法须经批准的项 ...

Market Performance - On September 5, the glass and fiberglass sector rose by 3.37% compared to the previous trading day, with Zhongcai Technology leading the gains [1] - The Shanghai Composite Index closed at 3812.51, up 1.24%, while the Shenzhen Component Index closed at 12590.56, up 3.89% [1] Individual Stock Performance - Zhongcai Technology (002080) closed at 32.72, up 5.38% with a trading volume of 449,300 shares and a transaction value of 1.455 billion [1] - Jiuding New Materials (002201) closed at 8.45, up 4.71% with a trading volume of 230,900 shares and a transaction value of 193 million [1] - Honghe Technology (603256) closed at 36.45, up 4.38% with a trading volume of 209,000 shares and a transaction value of 749 million [1] - Other notable stocks include Yaopi Glass (618009) up 3.91%, Jinjing Technology (600586) up 3.64%, and Qibin Group (601636) up 2.95% [1] Capital Flow Analysis - The glass and fiberglass sector saw a net inflow of 309 million from main funds, while retail funds experienced a net outflow of 188 million [1] - Main fund inflows were led by Honghe Technology with 91.83 million, followed by Zhongcai Technology with 24.20 million [2] - Retail funds saw significant outflows from Jiuding New Materials and Jinjing Technology, with outflows of 628,820 and 2.69 million respectively [2]

Core Points - The article discusses the financial downfall of Wang Wenyin, the major shareholder of Jiuding New Materials, and the collapse of Evergrande, highlighting the severe consequences of their financial mismanagement and risky investments [1][19]. Group 1: Wang Wenyin and Jiuding New Materials - Wang Wenyin's shares in Jiuding New Materials were ordered to be auctioned due to court actions, marking the 32nd time he has been listed as an executed person, with total debts amounting to 22 billion [1]. - Wang's business, Zhengwei Group, once claimed to have mineral resources valued at 10 trillion, but these claims have been questioned and later removed from the company's website [4][6]. - The company faced multiple legal issues, including a debt of 1.03 billion owed to China Construction Eighth Engineering Division, leading to restrictions on Wang's spending [11]. Group 2: Evergrande's Collapse - Evergrande, once valued at 400 billion, officially delisted from the Hong Kong Stock Exchange, with its stock price plummeting to 0.163 HKD, resulting in a 99.5% loss in market value [1]. - The company reported total liabilities of 2.39 trillion against assets of 1.74 trillion, creating a shortfall of 640 billion [15]. - Evergrande was found to have inflated its revenue by 2.139 billion in 2019 and 3.501 billion in 2020, leading to significant financial discrepancies [15][16]. Group 3: Relationship Between Wang Wenyin and Evergrande - Wang Wenyin invested 130 billion in Evergrande, with an additional 50 billion in 2017, but these investments turned sour as Evergrande's financial troubles escalated [7][9]. - The close business relationship between Wang and Xu Jiayin (Evergrande's founder) deteriorated as both faced financial crises, with Wang's investments in Evergrande contributing to his financial downfall [19]. - Wang attempted to convert his debts into Evergrande stock, hoping for a recovery, but the company's market value collapsed, rendering these investments nearly worthless [11].

Group 1 - The company held its 11th Board of Directors' fourth temporary meeting on August 20, 2025, which was legally valid according to regulations and the company's articles of association [1] - The board approved the proposal to jointly invest with professional investment institutions to establish a limited partnership enterprise, with a unanimous vote of 9 in favor, 0 against, and 0 abstentions [1] - The full announcement regarding the joint investment with professional investment institutions will be published on August 29, 2025, in the Securities Times, Shanghai Securities Journal, and on the Giant Tide Information Network for investors to review [1]

Core Insights - The company reported a significant increase in revenue and net profit for the first half of 2025, with operating income reaching 718 million yuan, a year-on-year growth of 26.09%, and net profit attributable to shareholders amounting to 44.29 million yuan, a substantial increase of 145.18% [1][2] Financial Performance - The company's net profit after deducting non-recurring gains and losses was 38.24 million yuan, reflecting a year-on-year growth of 152.23%, indicating an improvement in profit quality [1] - The net cash flow from operating activities was 83.86 million yuan, and financial expenses decreased by 29.01% [2] - Total assets reached 2.83 billion yuan, a growth of 5.16% compared to the beginning of the year, while net assets attributable to shareholders increased by 6.41% to 1.25 billion yuan [2] Product Performance - Revenue from fiberglass and related products was 367 million yuan, a year-on-year increase of 16.60%, while revenue from fiberglass reinforced plastic products surged by 37.78% to 326 million yuan, becoming a key driver of performance growth [1] - The mainland market contributed 533 million yuan in revenue, marking a 44.27% increase and accounting for 74.24% of total revenue [1] Industry Trends - The company's fiberglass reinforced plastic products are widely used in key components such as wind turbine blades, benefiting from the expansion of domestic wind power installations, which has driven rapid growth in related business [1] - The company plans to continue focusing on "new energy, new materials, and energy conservation and emission reduction," aiming to optimize product structure and extend the industrial chain to consolidate its competitive advantage amid industry recovery [2] Research and Development - Research and development investment amounted to 30.83 million yuan, representing 4.29% of operating income, with five new patents added, bringing the total to 123 effective patents, including 41 invention patents [1]

证券代码：002201 证券简称：九鼎新材 公告编号：2025-51 本公司及董事会全体成员保证信息披露内容的真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 一、拟与专业投资机构共同投资概述 1、专业投资机构/普通合伙人/基金管理人/执行事务合伙人 江苏九鼎新材料股份有限公司 企业名称：南京一合私募基金管理有限公司 企业类型：有限责任公司 江苏九鼎新材料股份有限公司（以下简称"公司"）于 2025 年 8 月 28 日经公司第十 一届董事会第四次临时会议审议通过了《关于公司与专业投资机构共同投资设立有限合伙 企业的议案》。公司拟与南京一合私募基金管理有限公司（以下简称"南京一合"）及其 他合伙人共同出资设立江阴一合乙巳创业投资合伙企业（有限合伙）（暂定名，以注册登 记机关核准登记的结果为准；以下简称"合伙企业"）。合伙企业初始规模为 4,848 万元 人民币，普通合伙人及基金管理人均为南京一合。公司作为有限合伙人认缴人民币 1,500 万元，占合伙企业认缴出资总额的 30.94%。 根据《深圳证券交易所股票上市规则》和《公司章程》等相关规定，本次对外投资在 公司董事会权限内，不需要提交公司股东大会审 ...

证券代码：002201 证券简称：九鼎新材 公告编号：2025-50 江苏九鼎新材料股份有限公司 第十一届董事会第四次临时会议决议公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有 虚假记载、误导性陈述或重大遗漏。 一、董事会会议召开情况 江苏九鼎新材料股份有限公司（以下简称"公司"）第十一届董事会第四次临时会议 于 2025 年 8 月 20 日以书面形式和邮件形式通知全体董事、监事及高级管理人员，会议于 2025 年 8 月 28 日以通讯方式召开。会议应出席董事 9 人，实际出席董事 9 人，符合法律、 行政法规、部门规章和《公司章程》的规定，合法有效。 二、董事会会议审议情况 经与会董事认真审议，采用通讯表决的方式以 9 票同意、0 票反对、0 票弃权审议通过 了《关于公司与专业投资机构共同投资设立有限合伙企业的议案》。 《关于公司拟与专业投资机构共同投资的公告》（公告编号：2025-51）全文刊登于 2025 年 8 月 29 日的《证券时报》《上海证券报》和巨潮资讯网（http://www.cninfo.com.cn）， 供投资者查阅。 三、备查文件 1、公司第十一届董事会第四次 ...

Core Insights - The company reported a significant increase in revenue and net profit for the first half of 2025, with revenue reaching 718 million yuan, a year-on-year growth of 26.09%, and net profit attributable to shareholders amounting to 44.29 million yuan, a substantial increase of 145.18% [1] Business Performance - The core business of the company showed comprehensive growth, with the glass fiber and products segment generating revenue of 367 million yuan, up 16.60%, while the fiberglass products segment saw even more impressive growth, with revenue of 326 million yuan, a year-on-year increase of 37.78% [2] - The company's strategic focus on the wind power sector yielded significant results, benefiting from a 98.9% year-on-year increase in new wind power installations in China, contributing a net profit of 19.93 million yuan from its subsidiary [2] Technological Innovation - The company continues to prioritize technological innovation, with a slight decrease in R&D investment but a notable improvement in R&D efficiency. It has successfully upgraded 12 fully automated grid production lines and received a national patent excellence award for its one-step forming glass fiber continuous mat production process [3] - As of the reporting period, the company holds 123 valid patents, including 41 invention patents, maintaining a leading position in high-modulus glass fiber and glass fiber continuous mat technologies [3] Market Positioning - The domestic market performance was particularly strong, achieving revenue of 533 million yuan, a year-on-year increase of 44.27%, which now accounts for 74.24% of total revenue, driven by deep expansion in the new energy sector [4] - Although overseas market revenue slightly declined due to international trade conditions, the company demonstrated strong resilience through product structure adjustments [4] Financial Health - The company reported a healthy net cash flow from operating activities of 83.86 million yuan. It also optimized its debt structure, resulting in a 29.01% decrease in financial expenses, while maintaining a reasonable debt-to-asset ratio [5] - Total assets reached 2.832 billion yuan, reflecting a growth of 5.16% since the beginning of the year [5] Industry Outlook - The glass fiber industry is experiencing a recovery, with profits of large-scale enterprises increasing by 142.45% year-on-year in the first half of 2025. The company is well-positioned for future growth due to its technological advancements in glass fiber deep processing applications [6] - The company plans to continue focusing on the strategic directions of "new energy, new materials, and energy conservation and emission reduction," aiming to further optimize and upgrade its product structure [6] Corporate Responsibility - The company emphasizes its commitment to environmental protection and social responsibility, adhering to strict environmental standards and increasing its environmental investment. It has improved energy efficiency through production process enhancements and received green certifications for multiple products [7] - Analysts note that as the "dual carbon" strategy progresses, the company's advantages in emerging fields such as wind power and environmental protection will be further realized, validating its strategic transformation and laying a solid foundation for future growth [7]

Group 1 - The glass fiber sector experienced a significant increase of 5.37% on August 28, with International Composite leading the gains [1] - The Shanghai Composite Index closed at 3843.6, up 1.14%, while the Shenzhen Component Index closed at 12571.37, up 2.25% [1] - Key stocks in the glass fiber sector showed notable price increases, with International Composite rising by 19.97% to a closing price of 7.87 [1] Group 2 - The main capital inflow in the glass fiber sector amounted to 876 million yuan, while retail investors saw a net outflow of 546 million yuan [2] - The trading volume for International Composite reached 2.9013 million shares, contributing to a transaction value of 2.133 billion yuan [1] - Other notable performers included Honghe Technology, which increased by 10% to a closing price of 44.89, and Zhongcai Technology, which rose by 3.91% to 37.20 [1][2]

Group 1 - The company reported a credit impairment loss of 9.03 million yuan during the reporting period, which will reduce the net profit attributable to shareholders for the first half of 2025 by 524,100 yuan [1] - The company recognized an asset impairment provision of 16.57 million yuan, and the reversal of previously recognized asset impairment provisions amounted to 5.76 million yuan, resulting in a net reduction of 10.82 million yuan in net profit for the first half of 2025 [1] - The company confirmed a fair value change gain of other non-current financial assets amounting to 2.85 million yuan, which will increase the net profit attributable to shareholders for the first half of 2025 by 2.85 million yuan [1]