Market Overview - On September 4, the industrial metals sector fell by 4.23%, with Huayu Mining leading the decline [1] - The Shanghai Composite Index closed at 3765.88, down 1.25%, while the Shenzhen Component Index closed at 12118.7, down 2.83% [1] Individual Stock Performance - Notable gainers included: - Yian Technology (300328) with a closing price of 18.60, up 3.91% [1] - Asia Pacific Technology (002540) at 6.58, up 3.46% [1] - Significant decliners included: - Huayu Mining (601020) at 24.65, down 10.00% [2] - Baiyin Nonferrous (601212) at 3.82, down 9.69% [2] - Luoyang Jiyie (603993) at 12.44, down 8.86% [2] Trading Volume and Capital Flow - The industrial metals sector experienced a net outflow of 3.687 billion yuan from main funds, while retail investors saw a net inflow of 2.769 billion yuan [2][3] - The trading volume for individual stocks varied, with notable figures such as: - Huayu Mining with a trading volume of 796,900 shares [2] - Baiyin Nonferrous with 4,925,700 shares [2] Capital Inflow Analysis - Key stocks with significant main fund inflows included: - Nanshan Aluminum (600219) with a net inflow of 71.11 million yuan [3] - Tianshan Aluminum (002532) with a net inflow of 34.90 million yuan [3] - Conversely, stocks like Tianshan Aluminum saw a retail net outflow of 56.38 million yuan [3]

Core Viewpoint - Haomei New Materials (002988) announced a share buyback plan, indicating confidence in its stock value and commitment to returning capital to shareholders [1] Group 1 - As of August 31, 2025, the company plans to repurchase a total of 7,358,424 shares [1] - The shares to be repurchased represent 2.8867% of the company's current total share capital [1]

Core Viewpoint - Haomei New Materials (002988.SZ) announced a share buyback program, indicating a strategic move to enhance shareholder value and confidence in the company's future prospects [1] Group 1: Share Buyback Details - The company repurchased a total of 7,358,424 shares, which represents 2.8867% of the current total share capital [1] - The highest transaction price during the buyback was 44.97 CNY per share, while the lowest was 26.70 CNY per share [1] - The total amount spent on the buyback was approximately 250 million CNY, excluding transaction fees [1]

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]

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]