证券代码：300218 证券简称：安利股份 公告编号：2025-035 安徽安利材料科技股份有限公司 （一）审议通过《关于在新加坡设立全资子公司的议案》 表决结果：表决票12票，同意票12票，反对票0票，弃权票0票。 公司《关于在新加坡设立全资子公司的公告》具体内容，详见刊登在中国证监会指 定的创业板信息披露网站上的公告。 特此公告。 安徽安利材料科技股份有限公司 第七届董事会第七次会议决议公告 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、 误导性陈述或重大遗漏。 一、董事会会议召开情况 安徽安利材料科技股份有限公司（以下简称"公司"）第七届董事会第七次会议通 知已于 2025 年 5 月 23 日以即时通讯等方式送达全体董事。本次会议于 2025 年 6 月 6 日上午在公司行政楼九楼会议室，以现场结合远程视频形式召开。本次应参加会议董事 12 人，实际参加表决董事 12 人，其中独立董事 4 人；董事姚和平、杨滁光、陈茂祥、 方炜、李中亚以远程视频方式参会。会议由公司董事长姚和平先生主持，公司全体监事、 部分高管人员列席了会议。本次会议的召集、召开符合《公司法》和《公司章程》的 ...

证券代码：300218 证券简称：安利股份 公告编号：2025-036 安徽安利材料科技股份有限公司 关于在新加坡设立全资子公司的公告 本公司及董事会全体成员保证信息披露的内容真实、准确和完整，没有虚假记载、 误导性陈述或重大遗漏。 一、设立新加坡全资子公司概述 基于安徽安利材料科技股份有限公司（以下简称"公司"）海外业务拓展及未来发 展需求，为推动国际化战略实施，公司拟以自有资金在新加坡设立全资子公司，注册资 本 20 万美元，投资总额不超过 50 万美元。 公司于 2025 年 6 月 6 日召开第七届董事会第七次会议，审议通过了《关于在新加 坡设立全资子公司的议案》，董事会同意设立新加坡全资子公司，并授权公司管理层办 理新加坡全资子公司设立相关事宜。根据《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自律监管指引第 2 号——创业板上市公司规范运作》及《公司章 程》等有关规定，本次设立新加坡全资子公司在公司董事会审批权限范围内，无需提交 股东会审议。 二、拟设立的新加坡全资子公司基本情况 聚氨酯树脂、DMF）销售等。 1、新加坡全资子公司名称 （1）中文名称：安利（新加坡）材料有限公司 （ ...

Group 1 - The ZunJie S800, the first model from the ZunJie brand, was officially launched by Huawei in collaboration with JAC Motors, with a starting price of 708,000 yuan and a maximum price of 1,018,000 yuan [2] - The first batch of ZunJie S800 vehicles will be delivered starting June 26, with a limited release of 599 units, while mass deliveries are expected to begin in mid-August [2] - The vehicle features advanced technologies such as gesture control, a dual zero-gravity rear seat, and a retractable space screen, which have garnered significant attention on social media [4] Group 2 - The ZunJie S800 is equipped with Huawei's ADS 4 intelligent driving system, which boasts enhanced cloud training capabilities and human-like driving assistance [4] - The vehicle utilizes the Huawei Giant Whale Battery Platform 2.0, featuring a five-layer safety structure and advanced cooling technology, exceeding the new national standards for battery design and testing [4] - Several listed companies have confirmed their supply relationships for the ZunJie series, including Dong'an Power, Tianqi Mould, and Changqing Co., among others [4][6] Group 3 - The Huawei automotive concept has performed well recently, with the concept index rising by 14.42% since April 8, outperforming the CSI 300 index by 7 percentage points [6] - Notable stocks in the concept sector, such as Demais and Xinzhi Group, have seen price increases of over 30% since April 8 [6]

Investment Rating - The report maintains a "Buy" rating for key companies in the chemical industry, specifically recommending Minsheng Chemical's "Five Tigers": Shengquan Group, Guocera Materials, Guoguang Co., Anli Co., and Polymeric Co. [1][4] Core Insights - The chemical market is active, with growth stocks presenting a favorable allocation opportunity. The demand for phosphate fertilizers remains stable, and the high price of phosphate rock is expected to continue due to supply-demand balance. [1] - The domestic production capacity of polycarbonate (PC) is projected to grow significantly from 875,000 tons in 2018 to 3,810,000 tons by 2024, with an expected improvement in supply-demand dynamics from 2025 to 2029. [2] - The organic silicon industry is experiencing a recovery in the supply-demand balance, with a compound annual growth rate of 22.4% in production capacity from 2021 to 2024, driven by demand from emerging industries such as new energy vehicles and photovoltaics. [2] Summary by Sections Chemical Market Overview - The basic chemical industry index closed at 3,406.53 points, down 1.23% from the previous week, underperforming the CSI 300 index by 1.05%. [10] - Among 462 stocks in the chemical sector, 31% rose while 67% fell during the week. [18] Key Chemical Sub-Industries - **Polyester Filament**: The market is stable with slight price increases, and the average industry operating rate is approximately 89.96%. [26][27] - **Tires**: The operating rate for all-steel tires is 60.12%, down 2.88 percentage points from the previous week. [40] - **Refrigerants**: Prices for refrigerants like R22 and R134a are stable to strong, with R22 averaging 36,000 CNY/ton and R134a at 48,000 CNY/ton. [45][47] Price Trends - The top price increases for chemical products include cotton short velvet (up 15%), trichloromethane (up 14%), and domestic naphtha (up 13%). [24] - Conversely, the largest price drops were seen in liquid chlorine (down 71%) and TMA (down 9%). [25] Company Profit Forecasts - Guoguang Co. is projected to have an EPS of 0.78 CNY in 2024, with a PE ratio of 19, while Shengquan Group is expected to have an EPS of 1.03 CNY with a PE ratio of 25. Both companies are rated as "Recommended." [4]

本公司及董事会全体成员保证信息披露内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 特别提示： 持有的本公司股份 3,157,700 股不参与本次权益分派。本次权益分派将以公司现 有总股本 216,987,000 股扣除已回购股份 3,157,700 股后的 213,829,300 股为基 数，向全体股东每 10 股派发现金股利 2.50 元人民币（含税），共计派发现金股 利 53,457,325.00 元。按公司总股本（含回购股份）折算每 10 股现金股利=现金 分红总额÷公司总股本×10 股=53,457,325.00 元/216,987,000 股×10 股 =2.463618 元(保留六位小数，最后一位直接截取，不四舍五入)。 算每股现金红利）=股权登记日收盘价–0.2463618 元/股。 一、股东会审议通过的权益分派方案 司 2024 年度利润分配预案的议案》，具体为：以公司 2024 年度实施权益分派股 权登记日登记的总股本，扣除公司回购专用证券账户中的股份余额为基数，向可 参与分配的股东每 10 股派发现金红利人民币 2.50 元（含税）。本次利润分配不 送红股，不进行资本公积金转 ...

证券代码：300218 证券简称：安利股份 公告编号：2025-034 安徽安利材料科技股份有限公司 2、本次权益分派实施后除权除息参考价=（股权登记日收盘价–按总股本折 算每股现金红利）=股权登记日收盘价–0.2463618 元/股。 2024 年年度权益分派实施公告 本公司及董事会全体成员保证信息披露内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 一、股东会审议通过的权益分派方案 特别提示： 1、公司于 2025 年 5 月 8 日召开的 2024 年年度股东会审议通过了《关于公 司 2024 年度利润分配预案的议案》，具体为：以公司 2024 年度实施权益分派股 权登记日登记的总股本，扣除公司回购专用证券账户中的股份余额为基数，向可 参与分配的股东每 10 股派发现金红利人民币 2.50 元（含税）。本次利润分配不 送红股，不进行资本公积金转增股本。如在利润分配预案公告披露之日起至实施 权益分派股权登记日期间，公司总股本发生变动的，公司拟维持每股分配金额不 变，相应调整分配总额。 1、安徽安利材料科技股份有限公司（以下简称"公司"）回购专用证券账户 持有的本公司股份 3,157,700 股 ...

Group 1: Company Performance and Market Conditions - In April 2025, the company experienced a slight decline in production and sales volume due to tariffs, but product prices steadily increased. By May, order conditions stabilized, and overall business performance remained positive [2]. - The company's direct exports to the U.S. accounted for approximately 2.55% of total revenue in 2024, indicating limited impact from U.S. tariffs [3]. - The company aims to achieve a rebound in the sofa home business in 2025 despite external uncertainties [5]. Group 2: Product Pricing and Development Strategy - The increase in product prices is attributed to the company's focus on brand leadership, technological empowerment, and innovation, rather than capacity or industry cycles [2]. - The company maintains high R&D investment, developing high-tech, high-value-added products, which are increasingly contributing to profit margins [2]. - The company is transitioning from traditional polyurethane synthetic leather to new ecological functional composite materials, integrating advanced processes and materials [4]. Group 3: Client Relationships and Market Expansion - The company has established deep partnerships with major brands like Nike, Adidas, and Apple, which enhances product quality and drives up prices due to high customer demands [2]. - The automotive interior segment is seeing growth, with applications in mainstream brands such as BYD and Toyota, and the company is actively pursuing new projects [6]. Group 4: Valuation and Shareholder Management - The company’s stock is perceived as undervalued, with major shareholders showing confidence by not reducing their stakes. The company has implemented share buybacks totaling approximately 100 million yuan over three years [8]. - Future plans include enhancing shareholder returns through various market management tools and exploring stock repurchase policies [8]. Group 5: Production and Cost Analysis - The production capacity utilization rate in Vietnam is around 50%, with plans to achieve profitability in 2025. However, production costs are comparable to domestic levels due to logistics and material sourcing challenges [9]. - The company’s diverse product categories, including functional footwear and automotive interiors, are expected to show strong growth potential in 2025 [10].

Core Insights - Company achieved record revenue in Q1 2025, driven by a decade-long strategy of targeting major clients, continuous technological innovation, and responsiveness to global market changes [1][9][12] Group 1: Company Performance - In Q1 2025, the company reported revenue of 5.55 billion yuan and a net profit of 460 million yuan, marking a year-on-year growth of 12.47% [9][12] - For the full year 2024, the company achieved revenue of 24.03 billion yuan, a 20.12% increase, and a net profit of 1.94 billion yuan, up 174.19% [9][12] - The average selling price of products increased by approximately 9.43% in Q1 2025, with a gross margin of 26.81% [12] Group 2: Market Position and Industry Dynamics - The global polyurethane market is projected to grow from 81.4 billion USD in 2024 to 112 billion USD by 2029, indicating strong demand for high-performance materials [4] - The polyurethane industry in China has low market concentration, with the top four companies holding only 19.3% of the market share, leading to intense competition [8] - The company has positioned itself as a leader in the polyurethane composite materials sector, leveraging technological innovation to develop differentiated products [8][9] Group 3: Client Relationships and Strategic Partnerships - The company has successfully established partnerships with major global brands such as Nike, Adidas, and Apple, enhancing its market presence [16][18] - After a decade of effort, the company became a strategic partner of Nike, which significantly boosted its market access and credibility [16][18] - The company’s sales to the U.S. market represent only 2.55% of total revenue, indicating limited exposure to potential tariff impacts [20][22] Group 4: Technological Innovation - The company has focused on developing high-performance, multifunctional, and eco-friendly products, which has allowed it to maintain a competitive edge [8][9] - Recent advancements include the introduction of over 30 new materials, such as water-based and solvent-free products, which have increased their market appeal [9][12]

Group 1: Strategic Partnerships - In January 2025, the company upgraded to a strategic partner of Nike, with a positive outlook for product development and project collaboration, aiming for mid-to-high growth in 2025 [1] - The company is in the product development and validation phase with Adidas, with some orders expected to be mass-produced by late March 2025, targeting good sales performance for the year [1] Group 2: Customer Dynamics - The company’s top five customers are experiencing dynamic changes, indicating a diversified customer base and reduced reliance on a single major client [2] - The entry threshold for the top five and top twenty customers has steadily increased, reflecting an upgrade in customer quality and potential revenue growth from emerging clients [2] Group 3: Automotive Interior Growth - The automotive interior segment is expected to show high growth in 2024 due to a low sales base, with an increase in service to more automotive brands and projects [2] - The company plans to enhance sales channels and strengthen sales capabilities to capitalize on this growth [2] Group 4: Profitability and Margins - The company’s gross margin reached 26.81% in Q1 2025, indicating a return to normal operating conditions after previous fluctuations [4] - The company focuses on achieving the best profits rather than merely the highest gross margins, emphasizing sustainable high-quality development [4] Group 5: Environmental Responsibility - The company adheres to an "environmental first, green development" philosophy, investing over 200 million yuan in advanced environmental technologies and equipment to reduce emissions [5] - It has been recognized as a "National Green Factory" and has consistently passed international environmental certifications [5] Group 6: Product Innovations - Water-based, solvent-free products have been successfully applied in various sectors, contributing over 20% to revenue, with higher prices and margins compared to conventional products [6] - The company is advancing the construction of two remaining production lines in Vietnam, aiming for trial production in the second half of 2025 [6] Group 7: Operational Outlook - The company reports stable order conditions and orderly production operations, with limited impact from tariffs, maintaining a positive outlook for future development [6]

Summary of Key Points from Conference Call Records Industry Overview - **Nuclear Fusion Projects**: The construction of domestic nuclear fusion projects is accelerating, with experimental reactors rapidly being established, which is expected to benefit related companies in the upstream equipment supply chain [6][8] - **Commercialization Acceleration**: The nuclear fusion sector is entering a period of rapid development, with significant projects like BEST and CRAFT expected to drive growth in the upstream equipment industry [6][8] Core Insights and Arguments - **BEST Project**: The BEST project has commenced two months ahead of schedule, aiming to demonstrate energy generation from nuclear fusion, which will support the development of fusion energy in China [6][8] - **CRAFT Project**: CRAFT is projected to be completed by the end of 2025, becoming a leading international research and testing platform for fusion technology [6][8] - **Investment Opportunities**: Companies such as 合锻智能 (Hezhuan Intelligent) and 联创光电 (Lianchuang Optoelectronics) are positioned to benefit from the rapid development of nuclear fusion technology, with significant involvement in core component manufacturing [6][7] Company-Specific Insights - **安利股份 (Amway Co., Ltd.)**: Recently upgraded to a strategic partner of Nike, with multiple product development projects underway, indicating a positive trend [9] - **Market Position**: Amway is a leader in the PU synthetic leather industry, with strong positions in furniture and emerging automotive sectors [9] - **Financial Outlook**: Expected EPS for 2025-2027 are projected at 1.17, 1.48, and 1.75 CNY, with a target price of 23.4 CNY based on a 20x PE ratio [9] - **Operational Challenges**: Amway Vietnam reported a loss of 17.42 million CNY in 2024, with plans to improve operational efficiency and reduce losses in 2025 [9] Additional Important Content - **Risks**: Potential risks include project development delays, changes in material technology paths, and macroeconomic risks affecting the nuclear fusion sector [8] - **Market Reactions**: Stock performance of related companies shows mixed results, with 安利股份 down 0.46%, while 合锻智能 increased by 5.59% [10]