飞凯材料公告，2025年上半年营业收入14.62亿元，同比增长3.80%。净利润2.17亿元，同比增长 80.45%。公司拟以未来公司实施利润分配方案时股权登记日享有利润分配权的股份总数为基数，向全 体股东每10股派发现金红利0.40元（含税）。 ...

每经AI快讯，有投资者在投资者互动平台提问：光引发剂价格持续上涨，对贵公司在手订单量同比有 无增长？ （文章来源：每日经济新闻） 飞凯材料（300398.SZ）8月25日在投资者互动平台表示，公司TMO目前订单基数相对较小，近几个月 订单量虽环比增长，但与行业市场需求波动有关，与光引发剂涨价影响不大。因为TMO与TPO市场定 位存在差异，价格并非两者竞争的核心要素。公司TMO产品主要优势在于其无生殖毒性且实现了高反 应活性，并获得了欧盟EU-REACH、韩国KR-REACH证书以及英国新物质注册认证，这些特性使其在 医疗器械、食品包装、家居建材等UV固化应用领域具有独特的竞争优势。 ...

Core Viewpoint - Feikai Materials has shown a significant increase in stock price and financial performance, indicating potential growth in the high-tech materials sector, particularly in UV curing materials and semiconductor applications [1][2]. Financial Performance - As of July 31, Feikai Materials reported a revenue of 7.01 billion yuan for Q1 2025, marking a year-on-year growth of 4.81% [2]. - The net profit attributable to shareholders reached 1.20 billion yuan, reflecting a substantial year-on-year increase of 100.10% [2]. - The company has distributed a total of 3.18 billion yuan in dividends since its A-share listing, with 1.37 billion yuan distributed over the past three years [3]. Stock Performance - The stock price of Feikai Materials increased by 50.30% year-to-date, with a slight decline of 0.42% over the last five trading days [1]. - The stock is currently trading at 23.59 yuan per share, with a market capitalization of 133.74 billion yuan [1]. Shareholder Information - The number of shareholders decreased to 57,900, with an average of 9,729 circulating shares per person, which increased by 1.11% [2]. - Major shareholders include Hong Kong Central Clearing Limited and Southern CSI 1000 ETF, both of which have reduced their holdings [3]. Business Overview - Feikai Materials specializes in the research, production, and sales of high-tech materials, including UV curing materials, semiconductor materials, and display materials [1]. - The revenue composition is as follows: display materials (47.11%), semiconductor materials (23.40%), UV curing materials (21.08%), organic synthesis materials (6.75%), and others (1.66%) [1]. Industry Position - The company is classified under the electronic chemicals sector, with involvement in various concepts such as storage, photolithography, and semiconductor applications [1].

Group 1 - The stock price of Feikai Materials as of August 21, 2025, is 23.12 yuan, down 0.94 yuan from the previous trading day's closing price, representing a decline of 3.91% [1] - The opening price for the day was 24.06 yuan, with a highest price of 24.08 yuan and a lowest price of 22.93 yuan, and the trading volume reached 461,291 hands with a total transaction amount of 1.077 billion yuan [1] - Feikai Materials operates in the electronic chemicals industry, focusing on the research, production, and sales of electronic-grade chemicals, primarily used in semiconductors, flat panel displays, and LEDs [1] Group 2 - On August 20, the Shanghai Financial Court and the Shanghai Securities Regulatory Commission announced a regulatory enforcement case involving Feikai Materials' controlling shareholder and their concerted actors, who were fined and confiscated 7.67 million yuan for illegal reduction of holdings [1] - The net outflow of main funds for Feikai Materials on August 21 was 195.6752 million yuan, accounting for 1.5% of the circulating market value, while the net outflow over the past five days totaled 347.0452 million yuan, representing 2.66% of the circulating market value [1]

Core Viewpoint - The Shanghai Financial Court and the Shanghai Securities Regulatory Bureau have released ten cases related to securities false statements, providing clear guidelines for market participants regarding responsibilities and behaviors that may violate information disclosure regulations [1][2]. Group 1: Securities False Statement Cases - The five typical cases of securities false statement responsibility disputes focus on issues such as "deceptive" share buybacks, the identification of predictive information, and the application of "safe harbor" rules [2][3]. - In the case of *ST Jintai, executives were found liable for failing to fulfill share buyback commitments, resulting in a compensation of approximately 780,000 yuan to investors [2]. - Shanghai Electric was held responsible for not timely disclosing performance losses, leading to false records in its 2020 annual report, and was denied the "safe harbor" rule exemption [2][3]. - In the financial fraud case of Zhong An Ke, three internal directors were held liable for relying excessively on intermediaries, while three independent directors were exempted from liability [2][3]. Group 2: Regulatory Enforcement Cases - The five regulatory enforcement cases focus on frequent violations such as "shell-preserving" financial fraud, performance-related financial manipulation, and abuse of control rights [3][4]. - Specific cases include *ST Jintai's executives violating buyback commitments, financial fraud in subsidiaries of Shanghai Shiji, and illegal share reductions by the controlling shareholder of Feikai Materials [4]. Group 3: Legal Responsibility Clarification - Recent judicial practices have introduced new types of disputes, including the legal applicability of different market segments and the identification of responsibilities for aiding fraudsters [5]. - The cases emphasize that information disclosure obligations cannot be evaded under the guise of predictive information and clarify the legal responsibilities of public commitments made by listed companies [5]. Group 4: Strict Enforcement and Accountability - The regulatory approach emphasizes strict enforcement and increased penalties for violations, particularly targeting key individuals responsible for financial fraud [6]. - For instance, the former chairman of Delisted Fuxin was found guilty of violating important information disclosure laws, while penalties were imposed on the controlling shareholder of Feikai Materials for illegal share reductions [6]. - The Shanghai Financial Court has received a total of 18,040 securities false statement responsibility disputes, with a total amount in dispute of 7.646 billion yuan, involving 26,956 investors [6][7].

Core Viewpoint - The article discusses the recent release of ten cases related to securities false statements by the Shanghai Financial Court and the Shanghai Securities Regulatory Bureau, providing clear guidelines for market participants regarding responsibilities and behaviors that may violate disclosure regulations [3][4]. Group 1: Case Summaries - The ten cases involve several listed companies, including *ST Jintai, Zhong An Ke, Shanghai Electric, and others, as well as delisted companies like退市富控 and *ST Ba'an [4]. - The five judicial cases focus on issues such as "deceptive" share buybacks, the identification of predictive information, and the application of "safe harbor" rules, with examples of both responsible and non-responsible parties [5]. - In the case of *ST Jintai, executives made false promises regarding share buybacks, leading to a court ruling that required them to compensate investors approximately 780,000 yuan [6]. - Shanghai Electric was found liable for failing to disclose performance losses in a timely manner, resulting in a false annual report, and was not granted exemption under the "predictive information safe harbor" rule [6]. - In the Zhong An Ke financial fraud case, three internal directors were held partially responsible for relying excessively on intermediaries, while three independent directors were exempted from liability [6]. - The case involving ST Xingyue highlighted that significant events affecting stock trading could sever the causal link for false statement claims, leading to the rejection of investor compensation requests [7]. Group 2: Regulatory Enforcement - The Shanghai Securities Regulatory Bureau's enforcement cases focus on frequent violations such as "shell protection" financial fraud, performance-related financial manipulation, and insider trading [7]. - Specific cases include violations by *ST Jintai executives regarding share buyback commitments, financial fraud by subsidiaries of Shanghai Shimao, and illegal share reductions by controlling shareholders of Feikai Materials [7]. - The regulatory approach emphasizes strict enforcement and increased penalties for key individuals involved in financial fraud, with notable penalties imposed on executives from退市富控 and *ST Ba'an [10]. Group 3: Legal and Regulatory Developments - Recent judicial practices have introduced new legal issues, including the application of laws across different market segments and the identification of predictive information [9]. - The article highlights the need for clarity in the legal responsibilities of public commitments made by company executives and the importance of not evading disclosure obligations under the guise of predictive information [10]. - The Shanghai Financial Court reported handling 18,040 securities false statement cases with a total amount of 7.646 billion yuan, indicating a significant number of investors involved [11].

Core Viewpoint - The Shanghai Financial Court and the Shanghai Securities Regulatory Bureau have released ten cases related to securities false statements, providing clear guidelines for market participants regarding responsibilities and behaviors that may violate information disclosure regulations [1][2]. Group 1: Key Cases and Responsibilities - The five typical cases of securities false statement responsibility disputes focus on issues such as "deceptive" share buybacks, the identification of predictive information, and the application of "safe harbor" rules [2][5]. - In the case of *ST Jintai, executives were found liable for false statements due to unfulfilled share buyback commitments, resulting in compensation of approximately 780,000 yuan to investors [2][4]. - Shanghai Electric was held responsible for failing to timely disclose performance losses and inaccurately measuring expected credit losses, leading to a false record in its 2020 annual report [2][3]. Group 2: Regulatory Enforcement and Penalties - The Shanghai Securities Regulatory Bureau has emphasized strict enforcement and increased penalties for frequent violations such as financial fraud and misuse of control rights [3][6]. - Notable penalties include a fine of 7.67 million yuan for the controlling shareholder of Feikai Materials for illegal share reductions and a 4 million yuan fine for the chairman of a subsidiary of Shanghai Shihua for financial fraud [6][4]. - The report indicates that as of December 2024, the Shanghai Financial Court has accepted 18,040 cases of securities false statement disputes, with a total amount in dispute of 7.646 billion yuan and 26,956 investors involved [6][7]. Group 3: Legal and Judicial Developments - New types of disputes have emerged in judicial practice, including the legal applicability of different market segments and the identification of responsibilities for predictive information [5][6]. - The report highlights the challenges in civil compensation cases related to false statements, particularly in the context of ongoing administrative investigations or criminal investigations [7]. - The need for improved coordination between civil lawsuits, administrative penalties, and criminal accountability is emphasized to enhance the effectiveness of investor protection [7].

Core Viewpoint - The company Feikai Materials (300398) is facing intense market competition in the PCB ink sector and plans to focus on the development and application of high value-added products [1] Group 1 - The company has acknowledged the competitive landscape of the PCB ink market [1] - Future strategies will involve the introduction of high value-added products [1]

证券日报网讯飞凯材料（300398）8月19日在互动平台回答投资者提问时表示，目前公司产品产能充 足，后续将随客户订单量的变动调配产能与稼动率。 ...

Core Viewpoint - The company is actively adopting lean production concepts and smart manufacturing technologies to optimize production processes, enhance efficiency, and reduce unit production costs, thereby improving market price competitiveness [1] Group 1 - The company aims to enhance its comprehensive strength and risk resistance capabilities by seeking strategic cooperation opportunities with other advantageous enterprises [1] - The integration of resources through complementary advantages is a key strategy for the company to strengthen its position in the industry [1]