二、公司本次发行应严格按照报送深圳证券交易所的申报文件和发行方案实 施。 三、本批复自同意注册之日起 12 个月内有效。 四、自同意注册之日起至本次发行结束前，公司如发生重大事项，应及时报 告深圳证券交易所并按有关规定处理。 证券代码：300054 证券简称：鼎龙股份 公告编号：2025-007 湖北鼎龙控股股份有限公司 关于向不特定对象发行可转换公司债券获得 中国证券监督管理委员会同意注册批复的公告 本公司及董事会全体人员保证信息披露的内容真实、准确和完 整，没有虚假记载、误导性陈述或者重大遗漏。 湖北鼎龙控股股份有限公司（以下简称"公司"）于近日收到中国证券监督 管理委员会出具的《关于同意湖北鼎龙控股股份有限公司向不特定对象发行可转 换公司债券注册的批复》（证监许可〔2025〕477 号）（以下简称"批复"）， 批复文件主要内容如下： 一、同意公司向不特定对象发行可转换公司债券的注册申请。 公司董事会将根据上述文件和相关法律法规的要求及公司股东大会的授权， 在规定的期限内办理本次向不特定对象发行可转换公司债券的相关事宜，并及时 履行信息披露义务。敬请广大投资者注意投资风险。 特此公告。 湖北鼎龙控股股份有 ...

Investment Rating - The industry investment rating is "Outperform the Market," indicating that the industry index is expected to perform better than the market by more than 5% over the next six months [34]. Core Insights - The Chinese ICT market is projected to grow to $751.76 billion by 2028, with the enterprise-level ICT market expected to reach approximately $269.36 billion in 2024, reflecting an 11.7% increase from 2023 [2][5]. - In 2024, global AI PCs are anticipated to account for 17% of total PC shipments, with Apple leading the market at 54% share, followed by Lenovo and HP at 12% each. The fourth quarter of 2024 is expected to see AI PC shipments reach 15.4 million units, a quarter-on-quarter increase of 18% [2][10]. - The global DRAM industry revenue is projected to reach $28.6 billion in the fourth quarter of 2024, with a quarter-on-quarter increase of 9.9%. Samsung holds the largest market share at 39.3%, followed by SK Hynix and Micron [2][15]. Summary by Sections Industry News and Commentary - The semiconductor industry is currently in a recovery phase, driven by a rebound in consumer electronics, which is expected to initiate a new upward cycle for semiconductors. Key investment lines include wafer fab expansion and the A1 industry chain [2][28]. - The semiconductor industry index has shown a year-to-date increase of 37.6%, outperforming the CSI 300 index by 24.2 percentage points [21]. Market Performance - The semiconductor industry index experienced a weekly decline of 3.62%, underperforming the CSI 300 index by 1.4 percentage points [21]. - As of the last trading day of the week, the overall P/E ratio for the semiconductor industry was 84.2 times, with 34 stocks rising, 1 remaining flat, and 126 declining [24]. Investment Recommendations - Recommended stocks include Northern Huachuang, Zhongwei Company, Tuojing Technology, and Dinglong Co., with a focus on A1+ semiconductor investment opportunities such as Haiguang Information, Shengke Communication, Hengxuan Technology, and Shenghong Technology [28][32].

Investment Rating - The report gives a "Buy" rating for the company with a target price of 37.05 RMB based on a 48x PE valuation for 2025 [4]. Core Views - The company is accelerating its platform layout in the semiconductor materials sector amid the trend of domestic substitution, particularly in polishing pads and liquids, which are seeing significant demand growth due to the recovery of downstream wafer fabs [2][3]. - The traditional printing and copying consumables business is expected to stabilize and recover, with the company positioned as a market leader [3]. Summary by Sections Company Overview - The company, Dinglong Co., primarily operates in traditional printing and copying consumables and semiconductor materials. It aims to become a platform supplier of semiconductor materials in China, with projected revenue of 3.36 billion RMB in 2024, a 26% increase year-on-year [1]. Investment Logic - The domestic substitution of semiconductor materials is gaining momentum, with the company focusing on expanding its platform. The polishing pad and liquid segments are benefiting from increased demand due to the recovery of wafer fab utilization rates [2]. - The company is positioned as a leader in the domestic polishing pad market and is actively expanding its capacity. The semiconductor display materials segment is also expected to grow rapidly, particularly in the AMOLED market [2]. - The company has initiated the trial operation of a high-end wafer photoresist project and is progressing with its advanced packaging materials [2]. Financial Forecast and Valuation - The company is expected to achieve revenues of 3.365 billion RMB, 4.059 billion RMB, and 4.850 billion RMB for 2024, 2025, and 2026, respectively, with net profits projected at 519 million RMB, 724 million RMB, and 1.032 billion RMB [4][7]. - The report anticipates a significant increase in net profit for 2024, with a year-on-year growth of approximately 120.71% to 138.73% [19]. Business Segments - The semiconductor materials segment is projected to generate approximately 1.56 billion RMB in revenue in 2024, reflecting a 79% year-on-year increase, while the printing and copying consumables segment is expected to generate 1.8 billion RMB, a 1% increase [15]. - The company has a strong capacity utilization rate in its semiconductor business, maintaining over 95% utilization in recent periods [23]. Capital Raising Plans - The company plans to issue convertible bonds to raise up to 910 million RMB for projects including a 300-ton photoresist production line and a semiconductor materials base project [1][26].

Investment Rating - The report gives a "Buy" rating for the company with a target price of 37.05 RMB based on a 48x PE valuation for 2025 [4]. Core Views - The company is accelerating its layout in the semiconductor materials business amid the trend of domestic substitution, aiming to become a platform supplier in this sector [2]. - The company expects significant revenue growth in 2024, with total revenue projected at 3.36 billion RMB, a year-on-year increase of 26%, and a net profit forecasted between 490 million to 530 million RMB, representing a growth of 120.71% to 138.73% [1][4]. Summary by Sections Company Overview - The company primarily operates in traditional printing and copying consumables and semiconductor materials, with a focus on becoming a leading domestic supplier in semiconductor materials [1][12]. Investment Logic - The demand for semiconductor materials is improving due to the recovery of downstream wafer fabs and capacity expansion. The company is a leader in the polishing pad market and is actively expanding its production capacity [2]. - The semiconductor display materials segment is expected to grow significantly, particularly in the AMOLED market, with the company positioned to capture market share through its existing products and new developments [2]. - The company is advancing in the high-end wafer photoresist and advanced packaging materials, with ongoing projects and successful sample verifications [2]. Traditional Printing and Copying Consumables - The traditional printing consumables business is expected to stabilize and recover, with the company maintaining a strong competitive position despite short-term macroeconomic pressures [3]. Profit Forecast, Valuation, and Rating - Revenue forecasts for 2024-2026 are 3.365 billion, 4.059 billion, and 4.850 billion RMB, respectively, with net profits projected at 519 million, 724 million, and 1.032 billion RMB, indicating substantial growth rates [4][7].

证券代码：300054 证券简称：鼎龙股份 公告编号：2025-006 特此公告。 湖北鼎龙控股股份有限公司 湖北鼎龙控股股份有限公司董事会 关于控股子公司股票在全国中小企业股份转让系统 终止挂牌的公告 本公司及董事会全体人员保证信息披露的内容真实、准确和完 整，没有虚假记载、误导性陈述或者重大遗漏。 湖北鼎龙控股股份有限公司（以下简称"公司"）控股子公司北海绩迅科技 股份有限公司（以下简称"绩迅科技"）于近期收到全国中小企业股份转让系统 有限责任公司出具的《关于同意北海绩迅科技股份有限公司股票终止在全国中小 企业股份转让系统挂牌的函》（股转函〔2025〕265号），同意绩迅科技股票（证 券简称：绩迅科技，证券代码：874131）自2025年2月25日起终止在全国中小企 业股份转让系统挂牌。绩迅科技将根据中国证券登记结算有限责任公司北京分公 司相关规定办理后续手续。 绩迅科技股票在全国中小企业股份转让系统终止挂牌不会影响其正常业务 的开展，该事项不会对公司的生产经营产生重大影响。敬请广大投资者注意投资 风险。 2025 年 2 月 25 日 ...

Investment Rating - The report rates the chemical industry as "Outperform the Market" [1] Core Views - The report suggests focusing on companies in rapidly developing downstream industries, particularly in electronic materials and new energy materials [1] - It emphasizes the importance of high-quality development and shareholder returns, recommending large energy state-owned enterprises and related oil service companies [1] - The report highlights the high prosperity of leading companies in the refrigerant and vitamin industries [1] - It notes an overall improvement in macroeconomic expectations, suggesting attention to undervalued leading companies and those in the light hydrocracking sub-industry [1] Summary by Sections Industry Dynamics - During the week of February 10-16, 2025, among 101 tracked chemical products, 43 saw price increases, 26 saw declines, and 32 remained stable [7] - The average price of WTI crude oil was $70.74 per barrel, with a weekly increase of 0.18%, while Brent crude oil was $74.74 per barrel, with a weekly increase of 0.11% [31] - The report indicates a tightening supply of potassium chloride due to reduced production and limited import availability, with prices rising to 2797 CNY/ton, up 4.19% week-on-week [32] Investment Recommendations - The report recommends focusing on companies in the rapidly developing electronic materials and new energy materials sectors [8] - It suggests that the oil and gas extraction sector will continue to see high prosperity, with energy state-owned enterprises improving quality and efficiency [8] - The report identifies specific companies to recommend, including China Petroleum, China National Offshore Oil Corporation, and several others in the new materials and chemical sectors [8] Price Changes - The average price of DMF increased to 4300 CNY/ton, up 4.24% week-on-week, despite a year-on-year decrease of 12.65% [33] - The report notes that the overall market for chemical products is experiencing a mixed trend, with some products seeing significant price increases while others decline [30]

鼎龙股份向不特定对象发行可转债申请文件 募集说明书 股票简称：鼎龙股份 股票代码：300054 湖北鼎龙控股股份有限公司 Hubei Dinglong Co., Ltd. （武汉市经济技术开发区东荆河路1号） 向不特定对象发行可转换公司债券 募集说明书 （注册稿） 保荐机构（主承销商） 二零二五年二月 鼎龙股份向不特定对象发行可转债申请文件 募集说明书 声 明 中国证监会、交易所对本次发行所作的任何决定或意见，均不表明其对申请 文件及所披露信息的真实性、准确性、完整性作出保证，也不表明其对发行人的 盈利能力、投资价值或者对投资者的收益作出实质性判断或保证。任何与之相反 的声明均属虚假不实陈述。 根据《证券法》的规定，证券依法发行后，发行人经营与收益的变化，由发 行人自行负责。投资者自主判断发行人的投资价值，自主作出投资决策，自行承 担证券依法发行后因发行人经营与收益变化或者证券价格变动引致的投资风险。 1-1-1 鼎龙股份向不特定对象发行可转债申请文件 募集说明书 重大事项提示 本公司特别提请投资者注意，在作出投资决策之前，务必仔细阅读本募集 说明书正文内容，并特别关注以下重要事项： 一、本公司提请投资者注意 ...

证券代码：300054 证券简称：鼎龙股份 公告编号：2025-005 湖北鼎龙控股股份有限公司 2025 年 2 月 7 日 根据有关审核要求和本次发行项目进展情况，公司会同相关中介机构对申请 文件内容进行了更新和修订，具体内容详见公司同日在巨潮资讯网披露的《湖北 鼎龙控股股份有限公司向不特定对象发行可转换公司债券募集说明书（注册稿）》 等相关文件。 公司本次发行可转债事项尚需履行中国证券监督管理委员会（以下简称"中 国证监会"）的注册程序，最终中国证监会能否同意注册及其时间尚存在不确定 性。本公司将在收到中国证监会作出的予以注册或不予注册的决定文件后另行公 告。敬请广大投资者注意投资风险。 特此公告。 湖北鼎龙控股股份有限公司董事会 募集说明书等申请文件提交注册稿的提示性公告 本公司及董事会全体人员保证信息披露的内容真实、准确和完 整，没有虚假记载、误导性陈述或者重大遗漏。 湖北鼎龙控股股份有限公司（以下简称"公司"）向不特定对象发行可转换 公司债券的申请已于 2025 年 1 月 23 日获得深圳证券交易所上市审核委员会审 核通过，详见公司于 2025 年 1 月 24 日在巨潮资讯网（www.cnin ...

鼎龙股份向不特定对象发行可转债申请文件 上市保荐书 招商证券股份有限公司 关于湖北鼎龙控股股份有限公司 向不特定对象发行可转换公司债券 之 深圳市福田区福华一路 111 号 3-3-1 鼎龙股份向不特定对象发行可转债申请文件 上市保荐书 声 明 招商证券股份有限公司（以下简称"招商证券"或"保荐机构"）接受湖北 鼎龙控股股份有限公司（以下简称"发行人"、"公司"或"鼎龙股份"）的委托， 担任发行人向不特定对象发行可转换公司债券（以下简称"本次发行"）的保荐 机构。 本保荐机构及相关保荐代表人根据《中华人民共和国公司法》《中华人民共 和国证券法》《证券发行上市保荐业务管理办法》《上市公司证券发行注册管理办 法》《可转换公司债券管理办法》《深圳证券交易所创业板股票上市规则》《深圳 证券交易所上市公司证券发行上市审核规则》等法律法规和中国证券监督管理委 员会及深圳证券交易所的有关规定，诚实守信，勤勉尽责，严格按照依法制定的 业务规则和行业自律规范出具上市保荐书，并保证所出具文件的真实性、准确性 和完整性。 （本上市保荐书中所有简称和释义，如无特别说明，均与《湖北鼎龙控股股 份有限公司向不特定对象发行可转换公司债券募 ...

鼎龙股份向不特定对象发行可转债申请文件 发行保荐书 招商证券股份有限公司 关于湖北鼎龙控股股份有限公司 向不特定对象发行可转换公司债券 之 发 行 保 荐 书 保荐机构（主承销商） 住所：深圳市福田区福田街道福华一路 111 号 鼎龙股份向不特定对象发行可转债申请文件 发行保荐书 声 明 招商证券股份有限公司（以下简称"招商证券"或"保荐机构"）接受湖北 鼎龙控股股份有限公司（以下简称"发行人"、"公司"或"鼎龙股份"）的委托， 担任发行人本次向不特定对象发行可转换公司债券（以下简称"本次发行"）的 保荐机构，李莎和刘海燕作为本保荐机构具体负责推荐的保荐代表人，特此出具 本项目发行保荐书。 本保荐机构及保荐代表人根据《中华人民共和国公司法》《中华人民共和国 证券法》《上市公司证券发行注册管理办法》《证券发行上市保荐业务管理办法》 等有关法律、行政法规和中国证券监督管理委员会的规定，诚实守信，勤勉尽责， 严格按照依法制订的业务规则、行业执业规范和道德准则出具本发行保荐书，并 保证所出具文件的真实性、准确性和完整性。 （本发行保荐书中所有简称和释义，如无特别说明，均与《湖北鼎龙控股股 份有限公司向不特定对象发行可 ...