Core Viewpoint - The company, Haomei New Materials, reported a solid performance in Q3 2025, with a revenue increase of 15.40% year-on-year, driven by its focus on lightweight aluminum materials for the automotive industry [1][2]. Financial Performance - In the first three quarters, the company achieved total revenue exceeding 5.58 billion yuan, with Q3 revenue around 2 billion yuan, reflecting a 16.37% increase compared to the same period last year [1]. - The net profit attributable to shareholders exceeded 51.41 million yuan, marking a 6.41% year-on-year growth, while the net profit after deducting non-recurring items was approximately 52.54 million yuan, up 13.06% [1]. Industry Trends - The demand for aluminum in automotive lightweighting is expected to rise significantly, with targets of 250 kg per vehicle by 2025 and 350 kg by 2030, providing substantial growth opportunities for aluminum-based material companies [2]. - The automotive industry in China is experiencing a stable increase in aluminum usage, driven by the growing penetration of new energy vehicles [2]. Business Development - Haomei New Materials has established a comprehensive industrial chain in the automotive lightweight aluminum sector, covering everything from casting to downstream system integration [1]. - The company is focusing on high-performance aluminum components for automotive applications, with products including aluminum crash beams, battery trays, and various structural components [2]. - The automotive lightweight business is becoming a key revenue driver, with 90 new designated projects planned for 2024 and over 70 additional projects expected in the first half of 2025 [2]. Strategic Initiatives - The company is transitioning from a "material shipment" model to a "component shipment" model, enhancing its service capabilities to downstream clients [3]. - A new processing base for automotive lightweight components is being established in Wuhu, Anhui, to improve supply and post-processing capabilities [3]. - The company has made significant strides in its overseas expansion, including a partnership to establish a production base in Morocco, aimed at serving the European and North African markets [3]. - Recent share buyback actions by the management reflect confidence in the company's growth prospects [3].

Core Insights - The company reported a revenue of 5.582 billion yuan for the first three quarters of 2025, representing a year-on-year growth of 15.40% [1] - The net profit attributable to shareholders was 143 million yuan, with a non-recurring net profit of 140 million yuan [1] - Operating cash flow net amount increased by 244.47% to 74.05 million yuan, indicating significant improvement in cash flow management [1] Automotive Lightweight Business - The automotive lightweight business has established a full industry chain layout of "materials-components-systems," generating a revenue of 962 million yuan in the first half of the year with a gross margin of 14.16%, nearly 10 percentage points higher than traditional industrial profiles [1] - The company has formed a "domestic + overseas" dual-base pattern with its Wuhu base in Anhui and a joint venture factory in Morocco, supplying high-value-added products to leading automotive companies [1] - The company is positioned to benefit from the increasing penetration rate of new energy vehicles [1] System Windows Business - The recovery in consumer demand and policy incentives provide strong support for the system windows segment [1] - The Beikelo brand achieved a revenue of 303 million yuan in the first half of the year, reflecting a year-on-year growth of 27.95% through a dual-driven approach of "engineering + retail" [1] - The energy-saving performance indicators of system windows have reached industry-leading levels, aligning with the trend of increasing green building penetration under the "dual carbon" policy [1] R&D Investment - The company has continuously increased its R&D investment, with expenses exceeding 180 million yuan in the first three quarters of 2025, a year-on-year increase of 21.28% [2] - The company is accelerating the construction of the "automotive lightweight components production base in East China" through changes in fundraising projects, creating a positive cycle of capacity expansion and technological innovation [2] - This investment is expected to provide solid support for the company's long-term value development [2]

Core Insights - The company reported a total revenue of 5.582 billion yuan for the first three quarters of 2025, representing a year-on-year increase of 15.40% [2] - The net profit attributable to shareholders decreased by 16.68% to 143 million yuan during the same period [2] - The company significantly improved its cash flow management, with net cash flow from operating activities reaching approximately 74.05 million yuan, an increase of 244.47% year-on-year [2] Financial Performance - In Q3 2025, the company achieved approximately 2 billion yuan in revenue, a year-on-year growth of 16.37% [2] - The net profit attributable to shareholders for Q3 was 51.41 million yuan, reflecting a year-on-year increase of 6.41% [2] - The company's net profit excluding non-recurring items for Q3 was 52.54 million yuan, up 13.06% year-on-year [2] Business Strategy and Development - The company is a major domestic manufacturer of aluminum profiles, focusing on R&D, manufacturing, and sales [2] - It is actively transitioning towards lightweight materials, with R&D expenses exceeding 180 million yuan in the first three quarters, a year-on-year increase of 21.28% [2] - The company is investing in post-processing capabilities for automotive lightweight components and is establishing a processing base in Wuhu, Anhui [3] Market Expansion - The company has established over 400 designated projects in automotive lightweighting as of the end of 2024, with 70 new projects added in the first half of 2025 [3] - A joint venture with Lingyun Co. in Morocco aims to produce components for the European and North African markets, enhancing the company's supply capabilities [3] - The company has redirected remaining funds from convertible bonds to the new "Automotive Lightweight Components East China Production Base Project," indicating confidence in the growth of its lightweight business [3]

Group 1 - The core viewpoint of the news is that Haomei New Materials (002988.SZ) reported its Q3 2025 results, highlighting significant institutional investor interest with a total holding of 157 million shares, representing 63.03% of the company's total equity [1] - As of October 29, 2025, eight institutional investors disclosed their holdings in Haomei New Materials, with a 0.94 percentage point increase in institutional ownership compared to the previous quarter [1] - Public funds saw a decrease in holdings, with one fund, Huaxia Industry Prosperity Mixed A, reducing its stake by 0.35% [1] Group 2 - Two new foreign institutions disclosed their holdings in the current period, including Shenwan Hongyuan Investment Management (Asia) Co., Ltd. - Wangwang No. 1 and Hong Kong Central Clearing Limited [2] - In contrast, several foreign institutions did not disclose their holdings this quarter, including CITIC Securities Asset Management (Hong Kong) Limited and Huatai Financial Holdings (Hong Kong) Limited [2]

广东豪美新材股份有限公司 章程 （2025 年 10 月） 1 | | | | | | | | | 第一章 总则 清远市清城区经济贸易局于 2004 年 8 月 16 日出具《关于设立合资企业 清远市美高新型合金型材有限公司的批复》（城区经贸外字[2004]30 号）， 同意公司设立。广东省对外贸易经济合作厅于 2012 年 8 月 29 日出具《广东 省外经贸厅关于合资企业广东豪美铝业有限公司转制为外商投资股份有限 公司的批复》（粤外经贸资字[2012]426 号），同意公司转制为股份有限公司。 第三条 公司于 2020 年 4 月 2 日经中国证券监督管理委员会批/核准， 首次向社会公众发行人民币普通股 58,214,142 股，于 2020 年 5 月 18 日在 深圳证券交易所上市。 第四条 公司注册名称： 中文全称：广东豪美新材股份有限公司 英文全称：Guangdong Haomei New Materials Co.,Ltd 第五条 公司住所：清远高新技术产业开发区泰基工业城。 第六条 公司注册资本为人民币 249,768,720 元。 第七条 公司为永久存续的股份有限公司。 4 第八条 董事长为 ...

| 证券代码：002988 | 证券简称：豪美新材 | 公告编号：2025-094 | | --- | --- | --- | | 债券代码：127053 | 债券简称：豪美转债 | | 广东豪美新材股份有限公司 关于变更注册资本暨修订《公司章程》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 10 月 29 日召开 第五届董事会第二次会议，审议通过了《关于变更注册资本暨修订<公司章程> 的议案》，具体相关事项公告如下： 一、注册资本变更情况 1、"豪美转债"转股增加注册资本情况 | 序号 | | | 原条款 | | | | | | | | | 修订后条款 | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 1 | 第六条 | 公司注册资本为人民币 | | | | | 254,908,414 | | | 第六条 | | 公司注册资本为人民币 | ...

证券代码：002988 证券简称：豪美新材 公告编号：2025-095 证券代码：127053 证券简称：豪美转债 广东豪美新材股份有限公司 关于召开 2025 年第二次临时股东会的通知 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、召开会议的基本情况 1、股东会届次：2025 年第二次临时股东会 2、股东会的召集人：公司董事会 3、本次会议的召集、召开符合《中华人民共和国公司法》《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》等法 律、行政法规、部门规章、规范性文件及《公司章程》的有关规定。 （1）现场会议时间：2025 年 11 月 17 日（星期一）14:30 （2）网络投票时间：通过深圳证券交易所系统进行网络投票的具体时间为 2025 年 11 月 17 日 9:15-9:25，9:30-11:30，13:00-15:00；通过深圳证券交易所互联网投票系统投 票的具体时间为 2025 年 11 月 17 日 9:15 至 15:00 的任意时间。 5、会议的召开方式：现场表决与网络投票相结合 ...

| | | 广东豪美新材股份有限公司 第五届董事会第二次会议决议公告 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、误导性陈述或者重大遗漏。 一、董事会会议召开情况 广东豪美新材股份有限公司（以下简称"公司"）于 2025 年 10 月 24 日以 微信、电子邮件、电话的方式向全体董事发出召开第五届董事会第二次会议的通 知，并于 2025 年 10 月 29 日在公司会议室以现场结合通讯的方式召开了第五届 董事会第二次会议。本次会议由董事长董卫峰先生召集并主持，会议应到董事 9 人，实到董事 9 人，公司高级管理人员列席会议。会议程序符合《中华人民共和 国公司法》及《公司章程》的有关规定，其召开合法、有效。 二、董事会会议审议情况 经董事审议及投票表决，形成以下决议： （一）审议通过《2025 年第三季度报告》 公司董事会编制的《2025 年第三季度报告》真实、准确、完整地反映了公 司 2025 年第三季度的经营情况。 （二）审议通过《关于变更注册资本暨修订〈公司章程〉的议案》 公司可转换公司债券"豪美转债"自 2025 年 8 月 22 日至本次董事会审议本 议案前一日期间转股导 ...

Financial Performance - The company's revenue for the third quarter reached ¥1,997,013,917, representing a year-on-year increase of 16.37%[4] - Net profit attributable to shareholders was ¥51,414,303.51, up 6.41% compared to the same period last year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥52,535,093, reflecting a 13.06% increase year-on-year[4] - Basic earnings per share for the quarter were ¥0.2059, an increase of 5.64% compared to the previous year[5] - The total operating revenue for the period reached ¥5,581,640,013.87, an increase of approximately 15.4% compared to ¥4,836,941,679.59 in the previous period[23] - Net profit for the period was ¥143,159,762.97, down from ¥171,163,234.50, indicating a decrease of about 16.4%[25] - Total comprehensive income for the period was ¥143,307,731.64, down from ¥170,850,356.83, a decrease of about 16.2%[26] - Basic and diluted earnings per share were both ¥0.5773, compared to ¥0.6929 in the previous period, reflecting a decline of approximately 16.5%[26] Cash Flow and Assets - The net cash flow from operating activities for the year-to-date period was ¥74,048,191.93, showing a significant increase of 244.47%[4] - Operating cash flow increased significantly by 244.47% to ¥74,048,191.93, mainly from the recovery of prior accounts receivable[10] - The company's cash and cash equivalents decreased by 33.80% to ¥401,294,288.92, primarily due to share repurchases[9] - The total cash and cash equivalents at the end of the period were ¥367,173,737.46, down from ¥403,452,630.32, a decrease of approximately 9.0%[29] - The company reported a net cash outflow from financing activities of ¥158,524,233.45, compared to a net inflow of ¥36,490,761.63 in the previous period[29] Liabilities and Equity - Total assets at the end of the reporting period amounted to ¥6,695,441,806, marking a 4.49% increase from the end of the previous year[5] - Total liabilities increased to ¥3,978,183,835.15 from ¥3,769,878,158.39, showing a growth of approximately 5.5%[21] - The company's equity attributable to shareholders rose to ¥2,717,257,971.62 from ¥2,637,877,529.19, an increase of about 3.0%[21] Operational Metrics - Accounts receivable increased by 15.91% to ¥2,403,543,147.8, attributed to the expansion of the company's business scale[9] - The company reported a significant increase of 69.90% in accounts payable, reaching ¥699,544,712.03, due to increased material and equipment purchases[9] - Contract liabilities decreased by 19.86% to ¥51,263,377.89 due to a reduction in advance payments from customers[10] - Inventory levels rose to ¥780,291,244.34 from ¥742,902,979.33, indicating an increase of approximately 5.0%[19] Research and Development - Research and development expenses increased by 21.28% to ¥180,351,871.70, primarily due to increased investment in automotive and high-end industrial materials[10] - The company is investing 50 million RMB in R&D for new technologies aimed at enhancing product efficiency[31] Strategic Initiatives - The company plans to establish a joint venture in Morocco with Lingyun Industrial Co., Ltd., with a registered capital of ¥100 million, where the company will invest ¥49 million for a 49% stake[16] - The company has established a subsidiary in Hong Kong as part of the preparation for the joint venture, with ongoing project development[17] - The company announced a strategic acquisition of a local competitor for 300 million RMB to enhance its market position[31] Market Performance - User data showed a growth of 25% in active users, totaling 5 million by the end of Q3 2025[31] - Market expansion efforts have led to a 20% increase in market share in the Southeast Asia region[31] - The company plans to enter two new international markets by the end of 2025, targeting an additional 100 million RMB in revenue[31] Profitability and Cost Management - Gross margin improved to 35%, up from 30% in the previous quarter, reflecting better cost management[31] - Financial expenses rose to ¥74,607,046.44 from ¥65,212,022.59, an increase of about 21.8%[24] - The income tax expense decreased by 33.74% to ¥8,245,306.30, reflecting a decline in the company's profitability compared to the previous period[10] Challenges - The company reported a significant loss from asset disposal amounting to ¥-5,251,631.57, indicating challenges in asset management[10] - Investment income loss increased by 50.14% to ¥-8,817,257.09, attributed to higher discount interest from bank acceptance bills[10] - The company reported a 118.48% increase in asset impairment losses to ¥-3,288,131.67, due to an increase in accounts receivable and corresponding credit losses[10]

| 证券代码：002988 | 证券简称：豪美新材 | 公告编号：2025-092 | | --- | --- | --- | | 债券代码：127053 | 债券简称：豪美转债 | | 广东豪美新材股份有限公司 | 序号 | 变更事项 | 变更前 | 变更后 | | --- | --- | --- | --- | | 1 | 注册资本 | 232,770,000 元人民币 | 254,908,414 元人民币 | | | 成员信息 | 董卫峰（董事）、李雪琴（董事）、董颖瑶（董 | 董卫峰（董事）、李雪琴（董事）、董颖瑶 | | | | 事）、董卓轩（董事）、郭慧（董事）、曹娜 | （董事）、董卓轩（董事）、郭慧（董事）、 | | 2 | | （董事）、黄志雄（独立董事）、张晓峰（独 | 曹娜（董事）、黄志雄（独立董事）、张晓 | | | | 立董事）、黄继武（独立董事）、许源灶（监 | 峰（独立董事）、徐国富（独立董事） | | | | 事）、毕敏瑜（监事）、崔杏妙（监事） | | | 3 | 公司章程 | 具体内容详见公司 2023 年 12 月 23 日披露于 巨潮资讯网（http://www.cni ...