Financial Performance - Company reported total revenue of 1.707 billion yuan for the first half of 2025, a year-on-year increase of 47.36% [1] - Net profit attributable to shareholders reached 154 million yuan, up 51.56% year-on-year [1] - In Q2 2025, total revenue was 929 million yuan, reflecting a 35.78% increase compared to the same quarter last year [1] - Gross margin was 21.88%, a decrease of 2.57% year-on-year, while net margin improved to 9.03%, an increase of 2.85% [1] - The company's accounts receivable accounted for 300.56% of net profit, indicating a significant amount of receivables [1][4] Financial Metrics - Earnings per share (EPS) increased to 0.39 yuan, a rise of 50.75% year-on-year [1] - Operating cash flow per share remained stable at 0.2 yuan, with a slight increase of 2.65% [1] - Total liabilities increased, with interest-bearing debt rising to 339 million yuan, a 15.71% increase [1][3] Industry Outlook - Company operates in the new materials sector, focusing on high-end organic silicone sealants and other advanced materials [5] - The adhesive industry is experiencing rapid growth, driven by national strategic emerging industries and the demand for high-quality materials [5] - The development of new production capabilities and the digital economy is expected to provide stable market demand for the adhesive sector [5]

Core Insights - The company achieved record-high operating performance in the first half of 2025, with revenue of 1.707 billion yuan, a year-on-year increase of 47.36%, and a net profit attributable to shareholders of 154 million yuan, up 51.56% year-on-year [1] Group 1: Business Performance - The company has established a comprehensive product system including high-end silicone sealants, hot melt adhesives, silane coupling agents, and silicon-carbon anodes, serving key industries such as construction, automotive manufacturing, new energy, and information technology [1] - The construction adhesive segment remains a market leader, with increased sales volume and market share due to the company's strong brand and customer relationships [1] - The industrial adhesive segment is experiencing rapid growth, driven by technological innovation and collaboration with leading industry clients [2] Group 2: Product Development and Innovation - The company is focusing on the development of silicon-carbon anode materials, with a stable operation of a 1,000 tons/year pilot line and a 3,000 tons/year production line, leading to a rapid increase in sales [2] - The company has successfully implemented projects for lithium battery silicon-carbon anode materials and specialized adhesives, with production lines launched as planned [2] Group 3: Market Expansion - The company is accelerating its overseas market expansion, achieving export sales of 223 million yuan, a year-on-year increase of 288.01%, with products sold in over 60 countries and regions [3]

Core Viewpoint - The environmental adhesive industry in China is experiencing significant growth driven by government policies, increasing demand for eco-friendly products, and technological advancements in production processes [1][5][16]. Group 1: Industry Overview - Environmental adhesives are made from natural, renewable, or low-toxicity materials, featuring low VOC, formaldehyde-free, and biodegradable characteristics [2][5]. - The market for adhesives is expected to grow steadily during the 14th Five-Year Plan period, with production projected to reach approximately 8.55 million tons and consumption around 7.56 million tons by 2024 [1][10]. - The industry is witnessing a shift towards high-performance, low-carbon, and intelligent upgrades, with water-based adhesives developing rapidly [1][16]. Group 2: Policy Background - A series of policies have been introduced in China to promote the green transformation of the environmental adhesive industry, including the "14th Five-Year" energy conservation and emission reduction plan, which sets specific reduction targets for solvent-based adhesives [5][7]. - The regulatory framework aims to cover the entire production, application, and emission processes, establishing a solid foundation for high-quality industry development [5][7]. Group 3: Industry Chain Analysis - The upstream of the environmental adhesive industry is centered around basic chemical raw material manufacturers, while the midstream involves the production processes, and the downstream applications span various sectors, including construction, packaging, and electronics [8][10]. - The demand for high-performance environmental adhesives is rapidly increasing in emerging industries such as new energy vehicles and photovoltaics [8][10]. Group 4: Current Market Status - The adhesive industry in China is projected to maintain an average annual growth rate of 4.2% in production and 4.3% in sales during the 14th Five-Year Plan period [10][14]. - Despite maintaining production growth, the industry faces challenges such as market demand shrinkage and severe product homogeneity, leading to a decline in sales revenue [14][16]. Group 5: Competitive Landscape - The competitive landscape of the environmental adhesive industry is characterized by a clear stratification, with international giants holding high-end markets and local leaders rapidly expanding their market share in mid-tier segments [20][22]. - Local companies are focusing on breakthroughs in bio-based materials and intelligent production lines to overcome technological bottlenecks [20][22]. Group 6: Development Trends - The industry is moving towards technological innovation, with a focus on water-based, bio-based, and intelligent production technologies to enhance product performance and meet high-end market demands [24][25]. - The demand for environmental adhesives is expected to shift towards high-end and green products, driven by policies and market needs in sectors like new energy vehicles and green buildings [25][26]. - The industry is anticipated to see increased concentration, with leading companies expanding their capabilities through vertical integration and horizontal expansion into high-value sectors [26].

Core Viewpoint - Silicon Treasure Technology (300019.SZ) reported significant growth in its financial performance for the first half of 2025, indicating strong operational momentum and profitability [1] Financial Performance - The company's operating revenue reached 1.707 billion yuan, representing a year-on-year increase of 47.36% [1] - Net profit attributable to shareholders was 154 million yuan, reflecting a year-on-year growth of 51.56% [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 132 million yuan, showing a year-on-year increase of 41.83% [1] - Basic earnings per share stood at 0.3921 yuan [1]

第二条 公司董事会审计委员会是董事会依据相应法律法规设立的专门工作 机构，主要负责审核公司财务信息及其披露、监督及评估内外部审计工作和内部 控制，并行使《公司法》规定的监事会的职权。 第二章 人员组成 第三条 审计委员会由三名董事组成，独立董事应过半数，其中至少有一名 独立董事为会计专业人士。审计委员会成员应当为不在公司担任高级管理人员的 董事。 审计委员会成员应当勤勉尽责，切实有效地监督、评估公司内外部审计工作， 促进公司建立有效的内部控制并提供真实、准确、完整的财务报告。 成都硅宝科技股份有限公司 董事会审计委员会工作细则 成都硅宝科技股份有限公司 董事会审计委员会工作细则 第一章 总则 第一条 为强化成都硅宝科技股份有限公司（以下简称"公司"）董事会决策 功能，做到事前审计、专业审计，确保董事会对高级管理人员的有效监督，完善 公司治理结构，根据《中华人民共和国公司法》（以下简称"《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 2 号——创业板上市 公司规范运作》《上市公司独立董事管理办法》等法律、法规、规范性文件以及 《成都硅宝科技股份有限公司章程》（以下简称"公司章程"）的 ...

成都硅宝科技股份有限公司 内部审计制度 成都硅宝科技股份有限公司 内部审计制度 第一章 总则 第一条 为规范成都硅宝科技股份有限公司（以下简称"公司"）内部审计工 作,明确内部审计机构和人员的责任，保证审计质量，明确审计责任，促进经营 管理，提高经济效益，根据《中华人民共和国公司法》《中华人民共和国审计法》 《深圳证券交易所上市公司自律监管指引第 2 号——创业板上市公司规范运作》 等法律法规以及《成都硅宝科技股份有限公司章程》（以下简称"公司章程"） 的有关规定，制定本制度。 第二条 本制度所称内部审计，是指对公司内部控制和风险管理的有效性、财 务信息的真实性和完整性等开展的一种评价活动。 第三条 内部审计的范围包括公司各内部机构或者职能部门、控股子公司以及 对公司具有重大影响的参股公司等。 第四条 内部审计的目的是促进公司内部控制的建立健全，有效地控制成本， 改善经营管理，规避经营风险，增加公司价值。 公司各内部机构或者职能部门、控股子公司以及对公司具有重大影响的参股 公司应当配合内审部依法履行职责，不得妨碍内审部的工作。 第二章 内部审计机构和人员 第五条 公司设立内审部作为公司的内部审计部门，内审部对 ...

第二条 公司董事会战略委员会（以下简称"战略委员会"）是董事会设立的 专门委员会，主要负责对公司中、长期发展战略和重大投资决策进行研究并向公 司董事会提出建议及方案。 成都硅宝科技股份有限公司 董事会战略委员会工作细则 成都硅宝科技股份有限公司 董事会战略委员会工作细则 第一章 总则 第一条 为适应成都硅宝科技股份有限公司（以下简称"公司"）战略发展需 要，增强公司核心竞争力，提高决策效率和决策水平，完善公司治理结构，根据 《中华人民共和国公司法》（以下简称"《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 2 号——创业板上市公司规范运作》《上 市公司独立董事管理办法》等法律、法规、规范性文件以及《成都硅宝科技股份 有限公司章程》（以下简称"公司章程"）的有关规定，结合公司的实际情况，公 司董事会特设置战略委员会，并制定本细则。 第二章 人员组成 第三条 战略委员会由五名董事组成，其中，董事长是战略委员会的当然人 选；此外，战略委员会应至少包括一名独立董事。 第四条 战略委员会组成人员由董事长、二分之一以上的独立董事或全体董 事的三分之一以上提名，并由董事会选举产生。 第五条 战 ...

成都硅宝科技股份有限公司 董事、高级管理人员所持本公司股份及其变动管理制度 成都硅宝科技股份有限公司 董事、高级管理人员所持本公司股份及其变动管理制度 第一章 总则 第二章 信息申报及股份锁定 第五条 公司董事会秘书负责管理公司董事、高级管理人员的身份及所持本 公司股份的数据，统一为董事、高级管理人员办理个人信息的网上申报，每季度 检查董事、高级管理人员买卖本公司股票的披露情况。发现违法违规的，应当及 时向中国证监会、深圳证券交易所报告。 第一条 为加强对成都硅宝科技股份有限公司（以下简称"公司"或"本公 司"）董事、高级管理人员所持本公司股份及其变动的管理，进一步明确管理程 序，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》"）、《深圳证券交易所创业板股票上 市规则》《上市公司董事、监事和高级管理人员所持本公司股份及其变动管理规 则》（以下简称"《变动管理规则》"）《深圳证券交易所上市公司自律监管指 引第 10 号——股份变动管理》《深圳证券交易所自律监管指引第 18 号——股东 及董事、高级管理人员减持股份》等相关法律法规、规范性文件及《成都硅宝科 ...

成都硅宝科技股份有限公司 信息披露管理制度 第一章 总则 第一条 为了规范成都硅宝科技股份有限公司（以下简称"公司"）及其他 信息披露义务人的信息披露行为，加强信息披露事务管理，确保公司信息披露 内容的真实、准确、完整，切实维护公司、股东及投资者的合法权益，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》"）、《上市公司信息披露管理办法》《深圳 证券交易所创业板股票上市规则》（以下简称"《创业板上市规则》"）、 《深圳证券交易所上市公司自律监管指引第 2 号——创业板上市公司规范运作》 （以下简称"《创业板上市公司规范运作》"）、《成都硅宝科技股份有限公司 章程》（以下简称"公司章程"）及中国证监会发布的公开发行证券公司信息 披露内容与格式、编报规则、规范问答以及有关政策法规关于上市公司信息披 露的规定，并结合公司实际情况，制定本制度。 第二条 本制度所称信息披露是指将法律、法规、证券监管部门规定要求披 露的已经或可能对公司股票及其衍生品种交易价格或者投资决策产生重大影响 的信息或事项（以下简称"重大信息""重大事件"或者"重大事项"）及时 报送深圳证 ...

Group 1 - The core viewpoint of the article highlights that Silicon Treasure Technology (300019.SZ) has achieved record-high operating performance in its semi-annual report [1] - The company reported a revenue of 1,707.10 million yuan, representing a year-on-year growth of 47.36% [1] - The net profit attributable to shareholders of the listed company reached 154.14 million yuan, with a year-on-year increase of 51.56% [1] Group 2 - The company maintains its leading position in the construction adhesive sector [1] - The industrial adhesive segment is experiencing rapid growth [1] - The hot melt adhesive segment is steadily improving [1]