Core Viewpoint - The court sentenced Zhang Feng, a significant shareholder of Huitian New Materials, to seven years and nine months in prison for manipulating the securities market, along with a fine of 150 million RMB, which is a final judgment that does not affect the company's operations or profits [1][4]. Company Overview - Huitian New Materials is a leading enterprise in China's adhesive industry with a history of 48 years, focusing on R&D and innovation in adhesive materials, providing over 2,000 products across various sectors including new energy, transportation, 5G communication, consumer electronics, and aerospace [5]. - The company has a comprehensive product range and aims to provide one-stop solutions for high-end manufacturing clients through sustainable R&D investment and efficient production capabilities [5]. Leadership and Governance - Zhang Feng, the founder of Huitian New Materials, served as chairman and general manager for many years, leading the company through significant reforms and establishing it as a key player in the industry [7][8]. - In January 2022, Zhang Feng stepped down from his position, and his son, Zhang Li, took over as chairman and general manager [7][8]. - Following his resignation, Zhang Feng was appointed as the company's lifetime honorary chairman, recognized for his contributions to the company's growth and its successful listing on the Shenzhen Stock Exchange [8]. Legal Issues - The court's ruling against Zhang Feng is based on his personal actions and is stated to have no impact on the company's business operations or financial performance [1][4]. - Prior to the final judgment, Zhang Feng had already been sentenced to eight years in prison and fined 150 million RMB in a first-instance ruling for the same offense [4].

Mergers and Acquisitions - ST Jinggu plans to sell 51% stake in Huayin Wood Industry, which is expected to constitute a major asset restructuring. The sale will be settled in cash and will not change the controlling shareholder or actual controller of the company. The revenue from Huayin Wood Industry is projected to account for 87.02% of the company's total revenue in 2024, leading to a significant decline in the company's main business scale and potentially triggering delisting risk warning indicators [1] - Zhengye Technology intends to sell 92.07% stake in its subsidiary Zhengye Jiukun through public listing, with a minimum transfer price of 100,000 yuan. The transaction aims to optimize resource allocation, improve asset operation efficiency, and focus on core business [2] - Yunnan Baiyao plans to acquire 100% stake in An Guo Shi Ju Yao Tang Pharmaceutical Co., Ltd. for 660 million yuan. The target company specializes in the production and sales of traditional Chinese medicine pieces and has a stable profitability [3] Performance Disclosure - Chipeng Microelectronics reported a 106% year-on-year increase in net profit attributable to shareholders, reaching 90.49 million yuan, with a revenue of 636 million yuan, up 40.32% [4] - Tongxing Technology achieved a net profit growth of 166% year-on-year, amounting to 52.48 million yuan, with a revenue of 405 million yuan, reflecting a 33.49% increase [5] - Dongfang Caifu reported a 37.27% year-on-year increase in net profit attributable to shareholders, totaling 5.567 billion yuan, with total revenue of 6.856 billion yuan, up 38.65% [6] Shareholding Changes - A shareholder, Zhongyi Weiye, plans to reduce its stake in Aosaikang by up to 2%, equivalent to 18.56 million shares, within three months after the announcement. The reduction is due to the shareholder's operational development needs [7] - The controlling shareholder's concerted actor, Yiyang Investment, intends to reduce its stake in Jizhi Technology by up to 1.05%, or 273,640 shares, within three months after the announcement, driven by funding needs [8] - Feng Ying, a director and deputy general manager of SIRUI, plans to reduce his stake by up to 0.4%, or 54,000 shares, within three months after the announcement, due to personal funding needs [9] Risk Matters - A customer of Awai New Materials, TPI Composites, Inc., has filed for bankruptcy protection, which may impact the company's performance. The company has accounts receivable of approximately 32.37 million yuan due by November 30, 2025, and is assessing the situation to protect its interests [10] - A major shareholder of Huitian New Materials, Zhang Feng, has been sentenced to seven years and nine months in prison for manipulating the securities market. This judgment is final and does not affect the company's operations or profits [11]

Mergers and Acquisitions - ST Jinggu plans to sell 51% stake in Huayin Wood Industry, which is expected to constitute a major asset restructuring. The sale will be settled in cash and is not expected to change the controlling shareholder or actual controller. The revenue from Huayin Wood is projected to account for 87.02% of the company's total revenue in 2024, leading to a significant decline in the company's main business scale, potentially triggering delisting risk warning indicators [1] - Zhengye Technology intends to sell 92.07% stake in its subsidiary Zhengye Jiukun through public listing, with a minimum transfer price of 100,000 yuan. Post-transaction, Zhengye Jiukun and its subsidiaries will no longer be included in the company's consolidated financial statements. The transaction aims to optimize resource allocation and improve asset operation efficiency [2] - Yunnan Baiyao plans to acquire 100% stake in An Guo Shi Ju Yao Tang for 660 million yuan. Ju Yao Tang specializes in the production and sales of traditional Chinese medicine pieces and has a stable profitability [3] Performance Disclosure - Chipeng Microelectronics reported a 106% year-on-year increase in net profit attributable to shareholders, reaching 90.49 million yuan, with a revenue of 636 million yuan, up 40.32% year-on-year [4] - Tongxing Technology achieved a net profit growth of 166% year-on-year, amounting to 52.48 million yuan, with a revenue of 405 million yuan, reflecting a 33.49% increase [5] - Dongfang Caifu reported a 37.27% year-on-year increase in net profit attributable to shareholders, totaling 5.567 billion yuan, with total revenue of 6.856 billion yuan, up 38.65% [6] Shareholding Changes - A shareholder, Zhongyi Weiye, plans to reduce its stake in Aosaikang by up to 2%, equivalent to 18.56 million shares, within three months after the announcement. The reduction is due to the shareholder's operational needs [7] - The controlling shareholder's concerted actor, Yiyang Investment, intends to reduce its stake in Jizhi Technology by up to 1.05%, or 273,640 shares, within three months after the announcement, driven by funding needs [8] - Feng Ying, a director and vice president of SIRUI, plans to reduce his stake by up to 0.4%, or 54,000 shares, within three months after the announcement, due to personal funding needs [9] Risk Matters - A client of Aowei New Materials, TPI Composites, has filed for bankruptcy protection, which may impact the company's performance. The company has accounts receivable of approximately 3.237 million yuan due by November 30, 2025, and is assessing the situation to protect its interests [10] - A controlling shareholder's concerted actor, Zhang Feng, has been sentenced to seven years and nine months in prison for manipulating the securities market. This judgment is final and does not affect the company's operations or profits [11]

每经AI快讯，8月15日，回天新材(300041.SZ)公告称，公司收到控股股东之一致行动人章锋送达的安徽 省高级人民法院出具的《刑事判决书》，章锋犯操纵证券市场罪，判处有期徒刑七年九个月，并处罚金 人民币一亿五千万元。该判决为终审判决。章锋自2022年1月起未在公司担任职务，未参与公司经营管 理，上述判决为股东个人行为，不影响公司业务运作，不会对公司生产经营及本期利润或期后利润产生 影响。 ...

| 证券代码：300041 | 证券简称：回天新材 | 公告编号：2025-50 | | --- | --- | --- | | 债券代码：123165 | 债券简称：回天转债 | | 湖北回天新材料股份有限公司 关于办理操纵证券、期货市场刑事案件适用法律若干问题的解释》第四条第一款 第（一）项、第（六）项之规定，判决如下： 撤销安徽省合肥市中级人民法院（2022）皖01刑初33号刑事判决书的第一 项（对章锋的定罪量刑）、第二项，维持其他项； 上诉人章锋犯操纵证券市场罪，判处有期徒刑七年九个月，并处罚金人民 币一亿五千万元。 本判决为终审判决。 关于公司控股股东之一致行动人涉及案件二审判决结果的公告 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。 湖北回天新材料股份有限公司（以下简称"公司"）于近日收到公司控股股 东之一致行动人章锋先生送达的安徽省高级人民法院出具的《刑事判决书》，现 将有关情况公告如下： 一、 案件基本情况 公司于2023年3月17日披露了《关于公司控股股东之一致行动人被采取强制 措施的提示性公告》（公告编号：2023-14），公司控股股东之 ...

Group 1 - The event "Enhancing Quality and Efficiency to Strengthen Confidence, Seeking Stability to Promote Development" was successfully held in Hubei, focusing on the 2025 investor reception day and the 2024 annual performance briefing [1] Group 2 - During the investor interaction, the company Ru Tian New Materials (300041) discussed its performance and competitive advantages in the photovoltaic adhesive market, stating that despite the intense competition in the photovoltaic industry, it continues to maintain a growth trend in production and sales [3] - The company collaborates with leading industry players to develop products that meet customer needs, continuously optimizing product structure and advancing research and development [3] - The company is focusing on core sectors such as automotive, electronics, photovoltaic, and packaging, with plans to launch new products in consumer electronics, automotive electronics, and lithium batteries, while expanding cooperation with top clients [3]

（文章来源：每日经济新闻） 每经AI快讯，8月12日，固态电池概念股探底回升，江特电机午后涨停，利元亨涨超10%，骄成超声、 回天新材、天齐锂业、杉杉股份等涨幅居前。 ...

Investment Rating - The report does not explicitly provide an investment rating for the structural adhesive industry Core Insights - The structural adhesive market in China is expected to exceed 50 billion yuan by 2025, driven by urbanization and infrastructure expansion, with a compound annual growth rate (CAGR) of 6.8% from 2015 to 2024 [16] - The export sales of structural adhesives from China are projected to surpass 4.5 billion yuan by 2025, with a CAGR of 3.7% from 2022 to 2024 [17] - The industry is characterized by a diverse competitive landscape, with major players like Huitian New Materials, Hangzhou Zhijiang, and Silica Technology holding significant market shares [22][23] Market Size and Growth - The structural adhesive market in China was approximately 26.9 billion yuan in 2015 and is forecasted to reach around 50 billion yuan by 2025, indicating a strong growth trajectory [16] - The market size is expected to be about 48.5 billion yuan in 2024, reflecting the increasing demand for high-performance adhesive materials [16] Export Performance - In 2022, the export sales of structural adhesives from China reached over 4 billion yuan, with expectations to grow to 4.5 billion yuan by 2025 [17] - Key companies driving exports include Huitian New Materials, Silica Technology, and Kangda New Materials, each achieving over 100 million yuan in overseas sales by 2024 [17][24] Competitive Landscape - The market is fragmented, with a CR10 (concentration ratio of the top 10 companies) of approximately 40% in 2024, indicating a competitive environment [23] - Huitian New Materials, Hangzhou Zhijiang, and Silica Technology are the leading companies, with market shares of 9.5%, 6.2%, and 5.4% respectively in 2024 [23][24] Future Development Trends - The industry is expected to evolve towards high performance, green and environmentally friendly products, and systematized services [29][30] - There is a growing emphasis on customized solutions and comprehensive service offerings, moving from mere product sales to integrated solutions that include design, construction, and maintenance [30] - The trend of globalization is anticipated, with Chinese companies expanding into international markets, particularly along the Belt and Road Initiative [31]

回天新材最新一期业绩显示，截至2025一季报，公司营业总收入10.71亿元、同比增长10.49%，归属净 利润8153.56万元，同比增长2.73%，扣非净利润6730.32万元，同比增长14.43%，流动比率1.720、速动 比率1.525、资产负债率54.66%。 金融界消息 截至2025年8月5日收盘，回天新材（300041）报收于10.25元，上涨0.2%，换手率2.71%， 成交量14.77万手，成交金额1.51亿元。 资金流向方面，今日主力资金净流出2656.22万元，占比成交额17.57%。其中，超大单净流出579.63万 元、占成交额3.83%，大单净流出2076.59万元、占成交额13.73%，中单净流出流入908.46万元、占成交 额6.01%，小单净流入1747.76万元、占成交额11.56%。 通过天眼查大数据分析，湖北回天新材料股份有限公司共对外投资了16家企业，参与招投标项目133 次，知识产权方面有商标信息173条，专利信息228条，此外企业还拥有行政许可51个。 来源：金融界 天眼查商业履历信息显示，湖北回天新材料股份有限公司，成立于1998年，位于襄阳市，是一家以从事 化学原 ...

| 证券代码：300041 | 证券简称：回天新材 公告编号：2025-49 | | --- | --- | | 债券代码：123165 | 债券简称：回天转债 | 湖北回天新材料股份有限公司 关于控股股东、实际控制人与其一致行动人续签表决权委托协 议的公告 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。 特别提示： 湖北回天新材料股份有限公司（以下简称"公司"或"回天新材"）控股股东、实 际控制人章力先生分别与一致行动人史襄桥、王争业、赵勇刚续签了《表决权委托 协议》，协议签署后，章力先生所持公司表决权不发生变化，公司控股股东、实际 控制人不发生变化。 一、表决权委托的基本情况 2021 年 12 月 15 日，公司股东史襄桥、王争业、赵勇刚分别与章力签署《表 决权委托协议》，史襄桥将其所持有的公司 3,064,536 股股份（占当时公司总股本 的 0.71%）对应的全部表决权委托给章力行使；王争业将其所持有的公司 1,416,176 股股份（占当时公司总股本的 0.33%）对应的全部表决权委托给章力行使；赵勇刚 将其所持有的公司 1,669,696 股股份 ...