招商证券股份有限公司 一、日常关联交易基本情况 （一）日常关联交易的概述 根据《深圳证券交易所股票上市规则》有关规范关联交易的规定，山东赫达 以 2024 年度相关关联交易为基础，结合 2025 年度业务开展情况，对 2025 年度 公司同关联方 HEAD Solutions S.A.（以下简称"赫达西班牙公司"）、SD HEAD USA, LLC（以下简称"赫达美国公司"）、米特加（上海）食品科技有限公司（以 下简称"米特加（上海）"、米特加（淄博）食品科技有限公司（以下简称"米特 加（淄博）"、米特加壹百岁（淄博）食品有限公司（以下简称"米特加壹百岁"）、 淄博联丽热电有限公司（以下简称"联丽热电"）发生的日常交易进行预计，预 计总金额为 42,121.16 万元，去年同类交易实际发生总金额为 42,079.00 万元。公 司日常关联交易预计工作履行审议程序如下： 1、2025 年 4 月 25 日，公司第九届董事会第二十二次会议审议通过了《关 于 2024 年度日常关联交易确认及 2025 年度日常关联交易预计的议案》； 2、公司董事毕松羚系米特加（上海）监事，审议本议案时，作为关联董事 对本议案回避表 ...

招商证券股份有限公司 关于山东赫达集团股份有限公司 2024 年度内部控制自我评价报告的核查意见 招商证券股份有限公司（以下简称"招商证券"、"保荐人"）作为山东赫达 集团股份有限公司（以下简称"山东赫达"、"公司"）向不特定对象发行可转换 公司债券和持续督导的保荐人，根据《证券发行上市保荐业务管理办法》《深圳 证券交易所股票上市规则》和《深圳证券交易所上市公司自律监管指引第 1 号— —主板上市公司规范运作》等相关法律法规及规范性文件的要求，对山东赫达 《2024 年度内部控制自我评价报告》（以下简称"内部控制报告"）进行了认真、 审慎的核查并发表意见，具体情况如下： 一、公司内部控制评价结论 根据公司出具的内部控制报告，内部控制评价结论如下： 根据公司财务报告内部控制重大缺陷的认定情况，于内部控制评价报告基准 日，不存在财务报告内部控制重大缺陷，公司董事会认为，公司已按照企业内部 控制规范体系和相关规定的要求在所有重大方面保持了有效的财务报告内部控 制。 根据公司非财务报告内部控制重大缺陷认定情况，于内部控制评价报告基准 日，公司未发现非财务报告内部控制重大缺陷。 自内部控制评价报告基准日至内部控制评价报 ...

招商证券股份有限公司 关于山东赫达集团股份有限公司 2024 年度募集资金存放与使用情况的专项核查意见 招商证券股份有限公司（以下简称"招商证券"、"保荐人"）作为山东赫达 集团股份有限公司（以下简称"山东赫达"、"公司"）向不特定对象发行可转换 公司债券和持续督导的保荐人，根据《证券发行上市保荐业务管理办法》《深圳 证券交易所股票上市规则》《深圳证券交易所上市公司自律监管指引第 1 号—— 主板上市公司规范运作》和《上市公司监管指引第 2 号——上市公司募集资金管 理和使用的监管要求（2022 年修订）》等相关法律法规及规范性文件的要求，对 山东赫达 2024 年度募集资金存放与使用情况进行了专项核查并发表意见，具体 情况如下： 一、募集资金基本情况 （一）实际募集资金金额、资金到位时间 经中国证券监督管理委员会《关于同意山东赫达集团股份有限公司向不特定 对象发行可转换公司债券注册的批复》（证监许可[2023]1099 号）批复同意，公 司于 2023 年 7 月 3 日公开发行可转换公司债券 6,000,000.00 张，每张面值总额 为人民币 100.00 元，面值总额为人民币 600,000,000. ...

一、主要会计数据和财务指标 前十大流通股东累计持有： 14251.22万股，累计占流通股比： 44.56%，较上期变化： -102.49万股。 | 名称 | 持有数量(万股) | 占总股本比例 | 增减情况(万 | | --- | --- | --- | --- | | | | (%) | 股) | | 毕心德 | 9167.03 | 28.65 | 不变 | | 毕文娟 | 2053.86 | 6.42 | 不变 | | 杨力 | 840.61 | 2.63 | 不变 | | 毕于东 | 665.33 | 2.08 | 不变 | | 全国社保基金四一八组合 | 398.68 | 1.25 | -40.05 | | 吕群 | 293.29 | 0.92 | 不变 | | 齐淑芳 | 247.09 | 0.77 | 新进 | | 香港中央结算有限公司 | 241.61 | 0.76 | -135.36 | | 杨丙强 | 174.62 | 0.55 | 不变 | | 杨丙刚 | 169.10 | 0.53 | -0.90 | | 较上个报告期退出前十大股东有 | | | | | 深圳奇盛基金管理有限公司-奇盛金 ...

Revenue and Profit - The company's revenue for Q1 2025 was ¥466,929,368.03, representing a 7.25% increase compared to ¥435,373,486.10 in the same period last year[5] - Net profit attributable to shareholders decreased by 15.73% to ¥45,169,304.48 from ¥53,602,901.24 year-on-year[5] - Total operating revenue for the current period reached ¥466,929,368.03, an increase of 7.5% compared to ¥435,373,486.10 in the previous period[20] - Net profit for the current period was ¥45,169,304.48, a decrease of 15.7% from ¥53,602,901.24 in the previous period[22] Earnings Per Share - Basic earnings per share fell by 15.74% to ¥0.1322, while diluted earnings per share decreased by 18.80% to ¥0.1274[5] - Basic earnings per share decreased to ¥0.1322 from ¥0.1569, representing a decline of 15.5%[22] Cash Flow - The net cash flow from operating activities dropped significantly by 85.21% to ¥7,942,146.52, down from ¥53,692,560.84 in the previous year[5] - Cash generated from operating activities was ¥385,489,117.16, compared to ¥373,712,716.79 in the previous period, indicating an increase of 3.1%[23] - Total cash outflow from operating activities was 385,579,204.67, an increase from 327,048,742.00[24] - The net cash flow from operating activities was 7,942,146.52, a decrease of 85.2% compared to 53,692,560.84 from the previous period[24] Financial Expenses - The company reported a significant reduction in financial expenses by 67.54%, amounting to ¥2,411,203.79 compared to ¥7,427,548.19 in the same period last year[9] - The company reported a decrease in financial expenses to ¥2,411,203.79 from ¥7,427,548.19, a reduction of 67.5%[21] Assets and Liabilities - Total assets at the end of Q1 2025 were ¥4,118,089,624.03, a slight decrease of 0.67% from ¥4,145,881,622.90 at the end of the previous year[5] - The total liabilities decreased to ¥1,851,002,517.85 from ¥1,936,048,620.51, a reduction of 4.4%[18] - The total non-current assets decreased to ¥2,486,765,246.91 from ¥2,529,559,214.38[17] - The total liabilities include accounts payable of ¥373,693,189.01, down from ¥440,279,521.58, indicating a decrease of approximately 15.1%[17] Shareholder Information - Total number of common shareholders at the end of the reporting period is 27,412[13] - The largest shareholder, Bi Xinde, holds 26.33% of shares, totaling 91,670,305 shares[13] Investment Income - Investment income decreased by 80.23% to ¥3,253,205.79 from ¥16,457,657.44 year-on-year, primarily due to reduced returns from joint ventures[9] Tax Refunds - The company received tax refunds of ¥4,762,155.53, an increase of 104.47% compared to ¥2,329,020.34 in the previous year[11] - The company received tax refunds totaling 4,762,155.53, compared to 2,329,020.34 in the previous period[24] Current Assets - Total current assets at the end of the period are ¥1,631,324,377.12, compared to ¥1,616,322,408.52 at the beginning, indicating a slight increase[17] - Accounts receivable increased to ¥601,231,310.73 from ¥528,131,141.42, reflecting a growth of approximately 13.8%[17] Research and Development - Research and development expenses rose to ¥22,284,810.41, up from ¥17,803,625.74, marking an increase of 25.5%[21]

本人作为山东赫达集团股份有限公司（以下简称"公司"）的独立董事，严 格按照《公司法》《上市公司治理准则》《深圳证券交易所上市公司自律监管指引 第 1 号——主板上市公司规范运作》等法律法规以及《公司章程》的规定，诚实、 勤勉、独立地履行职责，充分发挥独立董事作用，维护公司整体利益和全体股东 尤其是中小股东的合法权益。现将本人 2024 年度履行职责情况汇报如下： 一、独立董事基本情况 山东赫达集团股份有限公司 2024 年度独立董事述职报告 张俊学 各位股东及股东代表： （一）个人基本情况 本人中国国籍，无境外永久居留权，1966 年 9 月出生，本科学历，高级会计 师、注册会计师。1987 年 7 月至 1990 年 7 月任张店第一职业中专专业教师； 1990 年 8 月至 1993 年 10 月任淄博市物资局主管会计；1993 年 11 月至 1995 年 12 月任淄博市金属回收公司财务科长；1996 年 1 月至 1999 年 12 月任山东淄博 鲁中审计师事务所部门经理；2000 年 1 月至 2004 年 12 月任山东启新有限责任 会计师事务所部门经理；2005 年 1 月至 2021 年 8 ...

山东赫达集团股份有限公司 2024 年度独立董事述职报告 杨向宏 各位股东及股东代表： 本人作为山东赫达集团股份有限公司（以下简称"公司"）的独立董事，严 格按照《公司法》《上市公司治理准则》《深圳证券交易所上市公司自律监管指引 第 1 号——主板上市公司规范运作》等法律法规以及《公司章程》的规定，诚实、 勤勉、独立地履行职责，充分发挥独立董事作用，维护公司整体利益和全体股东 尤其是中小股东的合法权益。现将本人 2024 年度履行职责情况汇报如下： 一、独立董事基本情况 2024 年度，作为公司提名委员会委员，本人按照有关法律法规、公司《章 程》及公司《独立董事制度》的规定勤勉尽责，随时关注公司董监高的履职、任 职资格情况，为优化董事会、监事会、高级管理层的组成，促进公司法人治理结 构建设发挥了良好的作用。 2024 年度，作为公司董事会薪酬考核委员会委员，本人按照有关法律法规、 公司《章程》及公司《独立董事制度》的规定勤勉尽责，按时参加了薪酬与考核 委员会的工作会议，审议了股权激励相关议案，就各提案从专业角度、客观的给 予分析和发表意见，有效的履行了职责。 （一）个人基本情况 本人中国国籍，无境外永久居留权 ...

2025 年 4 月 25 日 经核查独立董事杨向宏先生、张俊学先生、王磊先生的任职经历 以及签署的相关自查文件，上述人员未在公司担任除独立董事以外的 任何职务，也未在公司主要股东公司担任任何职务，没有为公司及其 控股股东、实际控制人或者其各自附属企业提供财务、法律、管理咨 询、技术咨询等服务，与公司以及主要股东之间不存在利害关系或其 他可能妨碍其进行独立客观判断的关系，不存在影响独立董事独立性 的情况，符合《上市公司独立董事管理办法》《深圳证券交易所上市 公司自律监管指引第 1 号——主板上市公司规范运作》中对独立董事 独立性的相关要求。 山东赫达集团股份有限公司 董事会 山东赫达集团股份有限公司 董事会关于独立董事独立性自查情况的专项报告 根据中国证券监督管理委员会《上市公司独立董事管理办法》《深 圳证券交易所股票上市规则》《深圳证券交易所上市公司自律监管指 引第 1 号——主板上市公司规范运作》等要求，山东赫达集团股份有 限公司（以下简称"公司"）董事会就在任独立董事杨向宏先生、张 俊学先生、王磊先生的独立性情况进行评估并出具如下专项意见： ...

山东赫达集团股份有限公司 2024 年度独立董事述职报告 王磊 各位股东及股东代表： 本人作为山东赫达集团股份有限公司（以下简称"公司"）的独立董事，严 格按照《公司法》《证券法》《上市公司独立董事管理办法》《深圳证券交易所上 市公司自律监管指引第 1 号——主板上市公司规范运作》（以下简称"《规范运作 指引》"）等相关法律法规、规范性文件及《山东赫达集团股份有限公司章程》《独 立董事制度》之相关规定及要求，严格保持独立董事独立性，勤勉尽责地履行了 独立董事的职责，积极出席有关会议，维护公司整体利益和全体股东尤其是中小 股东的合法权益。现就 2024 年度本人履职情况汇报如下： 一、独立董事基本情况 （一）个人基本情况 本人中国国籍，无境外永久居留权，1977 年 9 月生，硕士研究生学历，系山 东财经大学法学院实践教学中心主任，北京金诚同达（济南）律师事务所兼职律 师。2022 年 10 月至今，担任济南市人民政府法律顾问；2023 年 9 月至今担任山 东大业股份有限公司独立董事；2023 年 11 月至今担任山东天鹅棉业机械股份有 限公司独立董事；2023 年 5 月至今担任公司独立董事。 （二）是否存 ...

Financial Performance - The company reported a revenue of RMB 1.5 billion for the fiscal year 2024, representing a year-over-year increase of 15%[17] - The net profit attributable to shareholders was RMB 300 million, up 20% compared to the previous year[17] - The company's operating revenue for 2024 reached ¥1,956,503,516.16, representing a 25.72% increase compared to ¥1,556,225,499.78 in 2023[6] - The net profit attributable to shareholders for 2024 was ¥221,634,871.64, a slight increase of 0.65% from ¥220,209,397.81 in 2023[6] - The company’s total sales revenue for 2024 reached CNY 1.96 billion, a year-on-year increase of 25.72%[114] - The net profit attributable to shareholders for 2024 was CNY 222 million, reflecting a 0.65% increase compared to the previous year[114] - The company reported a total revenue of 1,270 million in the latest quarter, reflecting a significant increase compared to previous periods[195] - The company reported a significant increase in revenue, achieving a total of $1.5 billion for the quarter, representing a 20% year-over-year growth[200] User Growth - User data showed an increase in active users by 25%, reaching a total of 2 million users by the end of 2024[17] - User data indicates a growth of 34.5% in active users, reaching 163.5 million by the end of the reporting period[195] - User data showed an increase in active users, reaching 10 million, which is a 15% increase compared to the previous quarter[200] Market Expansion - The company plans to expand its market presence in Southeast Asia, targeting a 10% market share by 2025[17] - The company is planning market expansion into Southeast Asia, targeting a 15% market share within the next two years[196] - The company is actively developing new customer resources for international markets, leveraging existing sales channels for its pharmaceutical-grade cellulose ether[93] - The company has established joint ventures in the US and Europe, expanding its market presence in over 60 countries and regions[112] Research and Development - The company is investing RMB 200 million in R&D for new product development, focusing on biodegradable materials[17] - The company’s R&D expenses increased by 35.90% to ¥90,571,165.19, attributed to higher investment in research and development[132] - The company has multiple provincial-level R&D platforms and collaborates closely with universities to enhance product quality and R&D capabilities[96] - The company is focusing on the development of high transparency cellulose ether for various applications, which is expected to broaden its market presence[135] Sustainability Initiatives - The company aims to achieve carbon neutrality by 2030, aligning with global sustainability trends[17] - The company has invested nearly 200 million RMB in environmental protection projects, achieving a wastewater reuse rate of 50-60% and replacing approximately 60% of natural gas with biogas from organic waste[99] - The company aims for carbon peak by 2030 and carbon neutrality by 2050, integrating sustainable development into its business strategy[108] - The company is committed to sustainability initiatives, with plans to invest 50 million in green technologies over the next three years[196] Strategic Acquisitions - The company has completed the acquisition of a local competitor, which is expected to enhance its production capacity by 30%[17] - A strategic acquisition is in progress, which is projected to enhance the company's market position and contribute an estimated 100 million in annual revenue[196] - The company is considering strategic acquisitions to enhance its market position, with a budget of $300 million earmarked for potential deals[200] Financial Management - Cash flow from operating activities increased by 59.17% to ¥286,082,167.06 compared to ¥179,737,827.65 in 2023[6] - The total assets at the end of 2024 were ¥4,145,881,622.90, a 9.32% increase from ¥3,792,527,555.32 at the end of 2023[6] - The company has established internal control measures for forward foreign exchange settlement to mitigate risks associated with currency fluctuations[156] - The company has implemented measures to address customer default risks, including proactive communication and payment collection strategies[156] Customer Engagement - The company has initiated a stock incentive plan, granting 1,050 million shares to key executives, aimed at aligning their interests with shareholder value[196] - Customer satisfaction ratings improved to 85%, reflecting a 5% increase from the previous quarter[200] Operational Efficiency - The company aims to reduce operational costs by 10% through efficiency improvements in the next fiscal year[196] - The company reported a 10% reduction in operational costs due to efficiency improvements[200] Risks and Challenges - The management highlighted potential risks related to market fluctuations and regulatory changes, advising investors to remain cautious[5] - The company faces risks from market competition, macroeconomic fluctuations, raw material price volatility, and environmental regulations that could impact operational performance[171][172][173][174] - The company is exposed to international trade risks, particularly due to tariffs affecting exports to the United States, which could lead to reduced orders and revenue[175]