Group 1 - The company, Haomei New Materials (002988.SZ), announced a share buyback plan, intending to repurchase 7.3584 million shares, which represents 2.8867% of the current total share capital [1] - The maximum transaction price for the share buyback is set at 44.97 yuan per share, with a total transaction amount of 250 million yuan (excluding transaction fees) [1]

Core Viewpoint - The company, Haomei New Materials (002988.SZ), announced a share buyback plan, indicating a strategic move to enhance shareholder value and confidence in the company's future performance [1] Group 1: Share Buyback Details - The company plans to repurchase 7.3584 million shares, which represents 2.8867% of the current total share capital [1] - The maximum transaction price for the buyback is set at 44.97 yuan per share [1] - The total amount allocated for the buyback is 250 million yuan, excluding transaction fees [1]

本次回购的实施符合相关法律法规及公司既定回购方案的要求。 证券代码：002988 证券简称：豪美新材 公告编号：2025-073 广东豪美新材股份有限公司 关于股份回购进展的公告 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。 广东豪美新材股份有限公司（以下简称"公司"）于 2025 年 4 月 10 日召开第 四届董事会第二十七次会议、于 2025 年 4 月 21 日召开 2024 年度股东大会审议 通过了《关于以集中竞价方式回购公司股份方案的议案》，同意公司使用自有资 金及股票回购专项贷款以集中竞价交易方式回购公司部分社会公众股份，用于注 销并减少注册资本及实施股权激励计划及/或员工持股计划，其中 70%及以上回 购股份将用于注销并减少注册资本。本次拟用于回购的资金总额为不低于人民币 15,000 万元（含）且不超过人民币 25,000 万元（含），回购价格不超过 28 元/股， 回购股份期限为自公司股东大会审议通过本次回购股份方案之日起 12 个月内。 具体内容详见公司于 2025 年 4 月 11 日披露的《关于以集中竞价方式回购公司股 份方案的公告 ...

Group 1 - The core point of the news is that Haomei New Materials has experienced a decline in stock price, dropping 5.16% to 41.50 CNY per share, with a total market capitalization of 10.579 billion CNY [1] - Haomei New Materials has seen a cumulative decline of 3.46% over the past three days, indicating a downward trend in its stock performance [1] - The company specializes in the research, design, production, and sales of aluminum alloy profiles and system windows, with its main business revenue composition being: industrial aluminum profiles 37.99%, automotive lightweight aluminum profiles 26.84%, construction aluminum profiles 26.29%, system window sales 8.46%, and others 0.42% [1] Group 2 - Among the top ten circulating shareholders of Haomei New Materials, Huaxia Fund's Huaxia Industry Prosperity Mixed Fund (003567) reduced its holdings by 1.5773 million shares in the second quarter, now holding 3.1568 million shares, which accounts for 1.24% of the circulating shares [2] - The fund has incurred a floating loss of approximately 7.1343 million CNY today, with a total floating loss of 4.9561 million CNY during the three-day decline [2] - Huaxia Industry Prosperity Mixed Fund has achieved a return of 40.01% this year, ranking 934 out of 8190 in its category, and a return of 86.03% over the past year, ranking 532 out of 7966 [2]

制作：产品中心 《策略|"十五五"前瞻初探——"十五五"研究系列》 1、"十五五"规划展望。自 1953 年开始制定第一个"五年计划"以来， 我国已发布十四个"五年规划"。完善统一大市场：推进统一大市场建设 重点在于打破地方保护和市场分割，促进资源的高效配置流动，激发各类 市场主体活力与创造力。2、促进民生消费："十五五"规划可能在以下几 方面进一步对消费进行支持：1.财政支出从投资进一步转向民生；2.大力 支持消费结构升级。3、深化国有企业改革：整体来看，预计"十五五" 中，国有企业改革整体思路或依旧延续精细化区分、"一企一策"的思路， 同时要积极探索尝试有利于创新的国有企业经营机制和公司治理模式。4、 健全资本市场稳定机制："十五五"期间资本市场改革思路或转向"构建 内在稳定、韧性强的现代化资本市场生态系统"。整体来看，"十五五"期 间的资本市场稳定机制建设将是一个系统性的工程，完成从"政策驱动" 到"制度驱动"、从"单一维度"到"生态系统"的转型，推动资本市场 高质量发展,助力加快建设金融强国。 证券研究报告 | 2025 年 08 月 27 日 $$\overline{{{\prod_{\mathrm ...

Investment Rating - The investment rating for the company is "Accumulate" with a downward adjustment [6] Core Views - The company achieved a revenue of 3.585 billion, a year-on-year increase of 14.86%, but the net profit attributable to the parent company was 92 million, down 25.7% year-on-year [1] - The revenue growth is primarily driven by increased business volume in automotive lightweight aluminum profiles, system windows, and industrial aluminum profiles [1] - The company expects net profits for 2025-2027 to be 218 million, 245 million, and 281 million respectively, with corresponding P/E ratios of 53, 47, and 41 [1] Revenue and Profitability - In the first half of 2025, the company's aluminum profile sales reached 140,800 tons, a year-on-year increase of 12.37% [2] - Revenue from automotive lightweight aluminum profiles, building aluminum profiles, industrial aluminum profiles, and system windows was 960 million, 940 million, 1.36 billion, and 300 million respectively, with year-on-year growth rates of 24.3%, 1.3%, 18.0%, and 28% [2] - The overall gross margin for the first half of 2025 was 10.7%, a decrease of 1.44 percentage points year-on-year [3] Cost and Cash Flow - The company's expense ratio slightly increased to 7.96%, with a net profit margin of 2.56%, down 1.38 percentage points year-on-year [4] - The net cash flow from operating activities for the first half of 2025 was 6.7 million, an increase of 8.2 million year-on-year [4] Financial Forecast - The company forecasts revenue growth rates of 10.60%, 11.46%, 14.27%, 11.33%, and 10.61% for the years 2023 to 2027 [5] - The projected net profit for 2025 is 217.75 million, with an expected P/E ratio of 52.54 [5] Market Position and Strategy - The company is exploring overseas market opportunities, including establishing a production base for automotive parts in Morocco [2] - The company is also focusing on enhancing the penetration rate of system windows in response to policies promoting quality housing and green building [2]

Group 1 - The company, Guangdong Haomei New Materials Co., Ltd., is convening its first bondholders' meeting of 2025 on September 12, 2025, to discuss a proposal regarding the change of part of the convertible bond fundraising purposes [1][2] - The meeting will be held at the company's office in the High-tech Industrial Development Zone, Qingyuan City, Guangdong Province, and will utilize a combination of on-site and remote voting methods [2][5] - All bondholders registered by the cutoff date of September 5, 2025, are entitled to attend the meeting and may appoint proxies to vote on their behalf [2][4] Group 2 - The board of directors has approved the agenda for the meeting, which includes the proposal to change the use of funds raised from the convertible bonds [1][2] - Bondholders must register for the meeting by providing necessary documentation, including a copy of their business license and proof of bond ownership [4][5] - Voting procedures stipulate that any duplicate votes will be counted as invalid, and unsubmitted votes will be considered as abstentions [5][9]

Core Viewpoint - The company plans to change the use of part of the funds raised from the convertible bonds, reallocating the remaining funds to a new project focused on the automotive lightweight components production base in East China, instead of the previously planned marketing and information technology projects [2][4][12] Summary by Sections Fundraising Overview - The company issued 8.24 million convertible bonds at a face value of 100 yuan each, raising a total of 824 million yuan, with a net amount of approximately 813.17 million yuan after deducting issuance costs [1][2] Fund Usage Status - As of July 31, 2025, the company has invested 678.40 million yuan of the raised funds, leaving a balance of 135.08 million yuan [2][3] Proposed Changes to Fund Usage - The company intends to stop funding the "Marketing Operations Center and Information Technology Construction Project" and instead allocate the remaining 78.44 million yuan to the new "Automotive Lightweight Components Production Base Project" in East China, which has a total planned investment of 260 million yuan [2][4] Reasons for Changing Fund Usage - The original project aimed to enhance service response and business management but has seen slow progress due to a shift in strategy towards a lighter asset model, focusing on partnerships with distributors for showroom construction [4][5] - The company has determined that existing information systems meet current needs, and future upgrades will be approached cautiously, prioritizing self-developed solutions [5][6] New Investment Project Details - The new project in Anhui will focus on producing various automotive lightweight components, with a total investment of 260 million yuan, including 78.44 million yuan from the raised funds [6][8] - The project aims to enhance the company's competitive edge by establishing a production base closer to major automotive manufacturers in the Yangtze River Delta region [6][7] Economic Benefits of the New Project - The project is expected to generate significant annual sales revenue upon reaching full production capacity, contributing positively to the company's financial performance [11] Impact of Fund Usage Change - The change in fund usage is seen as a strategic decision to improve efficiency and align with market conditions, benefiting the company's long-term development and shareholder interests [12]

Meeting Overview - The fourth meeting of the supervisory board of Guangdong Haomei New Materials Co., Ltd. was held on August 22, 2025, with all three supervisors present, confirming the legality and validity of the resolutions made [1]. Financial Reporting - The supervisory board confirmed that the company's 2025 semi-annual report and summary accurately reflect its operational performance for the first half of 2025, with unanimous approval [1]. Fund Utilization - The supervisory board verified that the special report on the use of raised funds for the first half of 2025 accurately reflects the actual situation, also receiving unanimous approval [2]. - The board approved the adjustment of the original fundraising plan, ceasing the use of funds for the "Marketing Operations Center and Information Technology Construction Project" and reallocating the remaining funds to the new "Automotive Lightweight Components East China Production Base Project," which is expected to enhance fund utilization efficiency and align with the company's long-term development needs [2]. Auditor Appointment - The supervisory board agreed to reappoint Rongcheng Accounting Firm for the continuity of the company's audit work, with unanimous approval [2]. Capital Change - The supervisory board acknowledged that the change in registered capital is due to the conversion of convertible bonds into shares, and the amendments to the company's articles of association comply with relevant laws and regulations, aiming to enhance governance efficiency and protect the interests of the company and all shareholders [3].

Meeting Information - The company, Guangdong Haomei New Materials Co., Ltd., will hold its first extraordinary general meeting of shareholders in 2025 on September 12, 2025, at 14:30 [1] - The meeting will be conducted both in-person and via online voting through the Shenzhen Stock Exchange trading system and internet voting platform [2] Voting Procedures - Shareholders registered by the close of trading on September 5, 2025, are entitled to attend the meeting, and those unable to attend may appoint a proxy [2] - Voting will be conducted in a manner where each voting right can only be exercised through either in-person or online voting, with the first vote counted in case of duplicates [2] Agenda Items - The meeting will review several proposals, including a change in the company's registered capital and amendments to the Articles of Association [5] - The proposals have been approved by the company's board and supervisory board and will be presented for shareholder approval [6] Special Resolutions - Certain proposals require a two-thirds majority of the voting rights held by attending shareholders for approval [6] - Cumulative voting will be used for the election of independent and non-independent directors, allowing shareholders to allocate their votes among candidates [6] Registration and Participation - Shareholders must present identification and proof of shareholding to register for the meeting, with provisions for remote registration via email or mail for distant shareholders [7] - Detailed instructions for participating in online voting are provided, ensuring shareholders can effectively cast their votes [8]