证券代码：002206 证券简称：海利得 公告编号：2025-057 浙江海利得新材料股份有限公司 2025 年第二次临时股东会决议公告 本公司及全体董事会成员保证信息披露的内容真实、准确、完整，没有虚 假记载、误导性陈述或者重大遗漏。 特别提示： 1.本次股东会无新增、变更、否决议案的情况； 2.本次股东会不涉及变更前次股东会决议。 一、会议召开和出席情况 1、会议召开情况 （1）会议时间： 现场会议召开时间为：2025 年 7 月 23 日（星期三）下午 2 时 30 分 网络投票时间为： ② 通过深圳证券交易所交易系统进行网络投票的投票时间为 2025 年 7 月 23 日 的交易时间，即 9:15—9:25,9:30—11:30 和 13:00—15:00。 （2）现场会议召开地点：浙江海宁经编产业园区新民路 18 号公司会议室 （6）本次会议的召开符合有关法律、行政法规、部门规章、规范性文件和公司章 程的规定。 2、会议出席情况 出席本次股东会的股东及股东代理人共 433 人，代表公司股份 461,264,287 股，占 公司有表决权股份总数的 40.9172％。其中： （1）现场会议股东出席情况 ...

法律意见书 浙江天册律师事务所 关于 浙江海利得新材料股份有限公司 2025 年第二次临时股东会的 法律意见书 浙江省杭州市杭大路 1 号黄龙世纪广场 A 座 11 楼 310007 电话：0571-87901111 传真：0571-87901500 法律意见书 浙江天册律师事务所 关于 浙江海利得新材料股份有限公司 2025 年第二次临时股东会的 法律意见书 编号：TCYJS2025H1225 号 致：浙江海利得新材料股份有限公司 浙江天册律师事务所（以下简称"本所"）接受浙江海利得新材料股份有限公 司（以下简称"海利得"或"公司"）的委托，指派本所律师黄金、王省参加公司 2025 年第二次临时股东会，并根据《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》"）和《上市公 司股东会规则》（以下简称"《股东会规则》"）等法律、法规和其他有关规范性 文件的要求及《浙江海利得新材料股份有限公司章程》（以下简称"《公司章程》"） 《浙江海利得新材料股份有限公司股东会议事规则》（以下简称"《议事规则》"） 的规定出具本法律意见书。 在本法律意见书中，本所律师仅对本次股 ...

Investment Rating - The report maintains a "Buy" rating for key companies in the chemical industry, specifically recommending Shengquan Group, Hailide, and Zhuoyue New Energy [4]. Core Insights - The report emphasizes the importance of identifying companies with strong performance in the first half of the year, particularly those expected to exceed earnings forecasts in Q2 2025. It highlights Shengquan Group's position as a major domestic supplier of electronic resins for AI servers, benefiting from increasing server shipments. Hailide is noted for its leadership in the polyester industrial yarn sector, which is expected to benefit from U.S. tariff conflicts. Zhuoyue New Energy is recognized for its capacity growth and new product launches, which are anticipated to elevate its performance [1][2][3]. Summary by Sections Chemical Industry Overview - The chemical sector index closed at 3572.47 points, up 1.53% from the previous week, outperforming the CSI 300 index by 0.71% [10][11]. - Among 462 stocks in the chemical sector, 318 stocks rose (69%) while 137 fell (30%) during the week [15]. Key Chemical Products - Liquid chlorine, trichloromethane, HIPS, and potassium chloride saw significant price increases, with liquid chlorine rising by 16% and trichloromethane by 9% [19][20]. - The report tracks 380 chemical products, with 67 experiencing price increases and 116 seeing declines [19]. Fertilizer Sector - The report indicates a favorable export window for phosphate fertilizers, with exports expected to peak between May and September 2025. This is anticipated to alleviate domestic overcapacity and maintain profitability for companies like Yuntianhua, which has phosphate mineral resources [2]. Safety and Regulatory Environment - Following a chemical accident, there is an expected nationwide safety inspection in the pesticide industry, which may lead to the elimination of non-compliant production capacities and improve the industry's overall outlook [3]. Company Performance Forecasts - Shengquan Group is projected to have an EPS of 1.03 in 2024, increasing to 2.13 by 2026, with a PE ratio decreasing from 28 in 2024 to 14 in 2026. Hailide's EPS is expected to rise from 0.35 to 0.41, maintaining a PE ratio of 16. Zhuoyue New Energy is forecasted to see significant growth in EPS from 1.24 to 4.80, with a PE ratio dropping from 36 to 9 [4].

Core Viewpoint - Zhejiang Hailide New Materials Co., Ltd. (Hailide) expects a significant increase in net profit for the first half of 2025, driven by improved market conditions and operational efficiency [1] Group 1: Financial Performance - Hailide anticipates a net profit attributable to shareholders between 280 million to 310 million yuan, representing a year-on-year growth of 47.65% to 63.47% [1] - The net profit after deducting non-recurring gains and losses is projected to be between 325 million to 355 million yuan, with a growth rate of 74.07% to 90.14% compared to the previous year [1] Group 2: Business Operations - All business segments of Hailide performed well in the first half of the year, with improvements in gross margins for industrial yarns and tire fabrics, contributing to overall profitability [1] - The company has been accelerating the construction of its Vietnam base, enhancing local operational capabilities and responsiveness to international markets [1] Group 3: Strategic Initiatives - Hailide plans to advance the second phase of its Vietnam spinning project and related polyester chip project, aiming to add an annual production capacity of 100,000 tons of differentiated polyester filament, 20,000 tons of differentiated nylon filament, and 250,000 tons of polyester chips [1] - The company is establishing a "domestic + overseas" collaborative manufacturing system to leverage advantages in cost and efficiency while replicating successful domestic management practices abroad [2] Group 4: Product Development and Market Focus - Hailide is focusing on optimizing product structure and developing high-performance materials, targeting high-value sectors such as automotive safety products, advertising materials, and new materials [2] - The company is committed to advancing R&D projects for specialty high-performance fibers like LCP and PPS, enhancing its technological capabilities in high-end materials [2][3] Group 5: Future Outlook - Hailide aims to improve the production capacity and technology of polyester industrial filament, while also increasing the utilization rates of flooring, coating, and plastic materials [3] - The company plans to strengthen strategic resource allocation to ensure sustainable and stable business development [3]

Investment Rating - The report maintains a "Recommended" rating for the company, indicating a potential upside of over 15% relative to the benchmark index [6][13]. Core Insights - The company is expected to achieve a net profit attributable to shareholders of 280-310 million yuan for the first half of 2025, representing a year-on-year growth of 47.65%-63.47%. The net profit after deducting non-recurring items is projected to be 325-355 million yuan, with a growth of 74.07%-90.14% [1]. - The growth in the company's main business is attributed to the increase in gross margins for industrial yarn and tire cord products, particularly due to the optimization of the sales structure of its Vietnamese subsidiary [1][2]. - The company is actively expanding its production capacity in Vietnam, with a new project planned to produce 100,000 tons of differentiated polyester filament and 20,000 tons of differentiated nylon filament, alongside 250,000 tons of polyester chips over a five-year construction period [2][3]. - The company is also making strides in R&D, with breakthroughs in core technologies and the commercialization of high-performance fibers, indicating a strong commitment to becoming a technology-driven new materials enterprise [3]. Financial Projections - The company is projected to achieve net profits of 426 million yuan, 475 million yuan, and 532 million yuan for the years 2025, 2026, and 2027, respectively, with corresponding EPS of 0.37 yuan, 0.41 yuan, and 0.46 yuan [5][10]. - Revenue is expected to grow from 5,901 million yuan in 2024 to 6,760 million yuan in 2027, with a steady growth rate of approximately 4.5%-5% annually [5][11]. - The company's PE ratio is projected to decrease from 16 in 2024 to 12 in 2027, indicating an attractive valuation as earnings grow [5][11].

Performance Forecast - The company expects a net profit attributable to shareholders of between 280 million to 310 million yuan, representing a year-on-year growth of 47.65% to 63.47% [1] - The net profit after deducting non-recurring losses is projected to be between 325 million to 355 million yuan, indicating a year-on-year increase of 74.07% to 90.14% [1] - Basic earnings per share are estimated to be between 0.25 yuan to 0.27 yuan, compared to 0.16 yuan in the same period last year [1] Reasons for Performance Changes - The company reported good operational performance across all business segments, driven by improved market confidence, price system recovery, and internal management reforms aimed at cost reduction and efficiency enhancement [1] - The gross profit margins for industrial yarn products and tire cord fabric products have increased, particularly due to the optimized sales structure of the company's subsidiary in Vietnam, which significantly improved profitability compared to the previous year [1] Non-Recurring Gains and Losses - The impact of non-recurring gains and losses during the reporting period was primarily related to foreign exchange risk management, where the company engaged in forward foreign exchange contracts and options to hedge against currency fluctuations [2] - The depreciation of the yuan against the euro since the second quarter resulted in exchange gains from euro-denominated assets, while investment losses and floating losses from forward contracts were recorded as non-recurring losses [2] - The company achieved a neutral foreign exchange management principle through the offsetting of these gains and losses [2]

Group 1 - Aishuo Co., Ltd. expects a net loss of 170 million to 280 million yuan for the first half of 2025, with a net loss of 410 million to 520 million yuan after excluding non-recurring gains and losses [1] - Changcheng Military Industry anticipates a net loss of 25 million to 29.5 million yuan for the first half of 2025, with a net loss of 35 million to 41 million yuan after excluding non-recurring gains and losses [1] - Changyuan Donggu expects a net profit of 155 million to 180 million yuan for the first half of 2025, representing a year-on-year increase of 62.65% to 88.88% [1] Group 2 - Beifang Navigation forecasts a net profit of 105 million to 120 million yuan for the first half of 2025, turning around from a loss of 74.2168 million yuan in the same period last year [3] - Xizi Clean Energy expects a net profit of 130 million to 180 million yuan for the first half of 2025, a decrease of 47.40% to 62.01% compared to the same period last year [4] - Tianbao Infrastructure anticipates a net profit of 90 million to 130 million yuan for the first half of 2025, representing a year-on-year increase of 1581.80% to 2329.27% [4] Group 3 - Taiping Bird expects a net profit of approximately 77.7 million yuan for the first half of 2025, a decrease of about 55% compared to the same period last year [6] - Xibu Chuangye forecasts a net profit of approximately 295 million yuan for the first half of 2025, an increase of 88.99% compared to the same period last year [8] - Zhengbang Technology expects a net profit of 190 million to 210 million yuan for the first half of 2025, a year-on-year increase of 249.03% to 264.72% [9] Group 4 - Songzhi Co., Ltd. anticipates a net profit of 140 million to 170 million yuan for the first half of 2025, representing a year-on-year increase of 53.58% to 86.49% [10] - Hailide expects a net profit of 280 million to 310 million yuan for the first half of 2025, a year-on-year increase of 47.65% to 63.47% [12] - Chenhua Co., Ltd. forecasts a net profit of 48.8176 million to 56.6284 million yuan for the first half of 2025, a year-on-year increase of 25% to 45% [13] Group 5 - Yuanlin Co., Ltd. expects a net loss of 68 million to 92 million yuan for the first half of 2025, with a net loss of 70 million to 95 million yuan after excluding non-recurring gains and losses [14] - Chuanhua Zhili anticipates a net profit of 500 million to 550 million yuan for the first half of 2025, representing a year-on-year increase of 72.78% to 90.06% [15] - Longyuan Technology expects a net profit of 26 million to 31 million yuan for the first half of 2025, a year-on-year increase of 116.61% to 158.26% [17] Group 6 - Jiangshan Co., Ltd. forecasts a net profit of 300 million to 360 million yuan for the first half of 2025, a year-on-year increase of 75.65% to 110.78% [32] - Ganli Pharmaceutical expects a net profit of 600 million to 640 million yuan for the first half of 2025, a year-on-year increase of 100.73% to 114.12% [33] - Zhongyan Chemical's subsidiary signed a 6.809 billion yuan mining rights transfer contract [35]

2025 Semi-Annual Performance Forecast [I. Current Period Performance Forecast](index=1&type=section&id=I.%20Current%20Period%20Performance%20Forecast) The company forecasts a significant year-over-year increase in 2025 first-half net profit and non-recurring net profit 2025 First-Half Performance Forecast (Compared to Prior Year) | Item | Current Reporting Period (Jan 1 - Jun 30, 2025) | Prior Year Period | | :--- | :--- | :--- | | **Net Profit Attributable to Shareholders of Listed Company (RMB)** | Profit: 280.00 million – 310.00 million | Profit: 189.64 million | | Year-over-Year Growth | 47.65% - 63.47% | - | | **Net Profit After Deducting Non-Recurring Gains/Losses (RMB)** | Profit: 325.00 million – 355.00 million | Profit: 186.70 million | | Year-over-Year Growth | 74.07% - 90.14% | - | | **Basic Earnings Per Share (RMB/share)** | Profit: 0.25 – 0.27 | Profit: 0.16 | [II. Communication with Accounting Firm](index=1&type=section&id=II.%20Communication%20with%20Accounting%20Firm) The company clarifies that the current performance forecast data has not been audited by an accounting firm - This performance forecast has not been audited by an accounting firm[3](index=3&type=chunk) [III. Explanation of Performance Changes](index=1&type=section&id=III.%20Explanation%20of%20Performance%20Changes) Performance growth is driven by strong main business and foreign exchange hedging accounting treatment [(I) Impact of Main Business Operations](index=1&type=section&id=(I)%20Impact%20of%20Main%20Business%20Operations) Main business showed strong performance with increased gross profit and enhanced profitability from Vietnam subsidiary - Gross profit for industrial yarn and tire cord fabric products increased due to improved market confidence, restored pricing, and internal cost reduction and efficiency measures[4](index=4&type=chunk) - The Vietnam subsidiary significantly enhanced its profitability year-over-year by optimizing its product sales structure[4](index=4&type=chunk) [(II) Impact of Non-Recurring Gains/Losses](index=1&type=section&id=(II)%20Impact%20of%20Non-Recurring%20Gains%2FLosses) Non-recurring gains/losses from foreign exchange hedging saw investment losses offset by Euro asset exchange gains - Non-recurring gains/losses primarily arose from hedging activities, such as forward foreign exchange and options, undertaken to mitigate foreign exchange rate fluctuation risks[4](index=4&type=chunk)[5](index=5&type=chunk) - Significant depreciation of the RMB against the Euro resulted in investment losses and floating losses from forward contract settlements, recorded as non-recurring gains/losses[5](index=5&type=chunk) - Exchange gains from Euro assets, recorded in financial expenses (recurring gains/losses), largely offset the investment losses in non-recurring gains/losses, achieving a neutral foreign exchange management objective and explaining why non-recurring net profit growth outpaced attributable net profit growth[5](index=5&type=chunk) [IV. Other Related Explanations](index=2&type=section&id=IV.%20Other%20Related%20Explanations) This preliminary forecast's final data is subject to the 2025 semi-annual report; investors are cautioned on risks - This performance forecast represents preliminary estimates by the company's finance department; specific financial data will be subject to the company's officially disclosed 2025 semi-annual report[6](index=6&type=chunk) - Investors are advised to be aware of investment risks[6](index=6&type=chunk)

Core Viewpoint - The company Hailede (002206) expects a net profit of 280 million to 310 million yuan in the first half of 2025, representing a year-on-year growth of 47.65% to 63.47% [1] Group 1: Financial Performance - The expected net profit for the first half of 2025 is between 280 million and 310 million yuan [1] - This represents a significant year-on-year increase of 47.65% to 63.47% [1] Group 2: Product Performance - The gross profit of industrial yarn products and tarpaulin products has increased to varying degrees during the reporting period [1] - The sales structure of products from the company's Vietnam subsidiary has further optimized, leading to a notable improvement in profitability compared to the same period last year [1]

Core Points - The document outlines the information disclosure management system of Zhejiang Hailead New Materials Co., Ltd, emphasizing the importance of compliance with relevant laws and regulations [1][2][3] - The chairman of the board is designated as the primary responsible person for information disclosure, with the board secretary overseeing the process [2][3] - The company must ensure that all disclosed information is accurate, complete, and timely, adhering to principles of fairness and transparency [3][4] Group 1: General Principles - Information disclosure is a continuous responsibility of the company, requiring adherence to laws, regulations, and internal guidelines [3][5] - The company must treat all shareholders equally and ensure that disclosed information is not leaked to any individual or entity before public release [4][5] - The company has obligations to disclose information that may significantly impact its stock price, even if it does not meet specific disclosure thresholds [5][6] Group 2: Disclosure Content and Standards - The company must prepare and disclose prospectuses, offering documents, and other relevant reports in accordance with regulatory requirements [6][7] - Regular reports, including annual and semi-annual reports, must include comprehensive financial data and significant events affecting the company [8][9] - The company is required to disclose risk factors that could adversely affect its core competitiveness and future development [9][10] Group 3: Disclosure Procedures - The document specifies the procedures for drafting, reviewing, and publishing regular and temporary reports, ensuring that all necessary approvals are obtained [16][17] - The board secretary is responsible for managing the information disclosure process and ensuring compliance with all relevant regulations [19][20] - The company must maintain records of all disclosure documents for a minimum of ten years [23][24] Group 4: Confidentiality Measures - The company must implement measures to protect confidential information and prevent unauthorized disclosure [66][67] - Employees with access to undisclosed information are required to adhere to strict confidentiality obligations [68][69] - The company must disclose any information that cannot be kept confidential or has been leaked, especially if it affects stock price [70][71] Group 5: Responsibilities and Accountability - The board and management are responsible for ensuring compliance with the disclosure management system, with specific roles assigned to the board secretary and other executives [48][49] - Violations of the disclosure obligations may result in disciplinary actions against responsible individuals [102][103] - The company must conduct self-assessments of its disclosure practices and address any identified issues promptly [56][57]