上海市锦天城律师事务所 法律意见书 上海市锦天城律师事务所 关于苏州世名科技股份有限公司 2024 年年度股东大会 法律意见书 地址：上海市浦东新区银城中路 501 号上海中心大厦 9、11、12 层 电话：021-20511000 传真：021-20511999 邮编：200120 上海市锦天城律师事务所 法律意见书 上海市锦天城律师事务所 关于苏州世名科技股份有限公司 2024 年年度股东大会 法律意见书 致：苏州世名科技股份有限公司 上海市锦天城律师事务所（以下简称"本所"）接受苏州世名科技股份有限 公司（以下简称"公司"）委托，就公司召开 2024 年年度股东大会（以下简称"本 次股东大会"）的有关事宜，根据《中华人民共和国公司法》（以下简称"《公司 法》"）、《上市公司股东大会规则》等法律、法规和其他规范性文件以及《苏州世 名科技股份有限公司章程》（以下简称"《公司章程》"）的有关规定，出具本法律 意见书。 为出具本法律意见书，本所及本所律师依据《律师事务所从事证券法律业务 管理办法》和《律师事务所证券法律业务执业规则（试行）》等规定，严格履行 了法定职责，遵循了勤勉尽责和诚实信用原则，对本次股东大 ...

证券代码：300522 证券简称：世名科技 公告编号：2025-018 苏州世名科技股份有限公司 2024年年度股东大会决议公告 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。 特别提示： 1、本次股东大会无增加、变更、否决议案的情形； 2、本次股东大会不涉及变更前次股东大会决议； 3、本次股东大会以现场投票和网络投票相结合的方式召开； 4、为尊重中小投资者利益，提高中小投资者对公司股东大会决议事项的参 与度，本次股东大会对中小投资者进行单独计票，中小投资者是指除上市公司董 事、监事、高级管理人员以及单独或者合计持有公司5%以上股份的股东以外的 其他股东。 2、会议召开的日期和时间 （1）现场会议召开时间：2025年5月9日（星期五）下午14:00。 （2）网络投票时间：2025年5月9日，其中： ①通过深圳证券交易所交易系统进行网络投票的具体时间为2025年5月9日 上午9:15-9:25、9:30-11:30，下午13:00-15:00； ②通过互联网投票系统进行网络投票的具体时间为2025年5月9日9:15至 15:00的任意时间。 3、会议召开方式：本 ...

本公司及监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、监事会会议召开情况 苏州世名科技股份有限公司 证券代码：300522 证券简称：世名科技 公告编号：2025-016 第五届监事会第十一次会议决议公告 苏州世名科技股份有限公司（以下简称"公司"）第五届监事会第十一次会 议于 2025 年 4 月 17 日以电话、电子邮件等方式通知全体监事，并于 2025 年 4 月 22 日以现场表决结合通讯表决的方式在公司会议室召开。 本次会议应出席监事 3 名，实际出席监事 3 名，其中胡亚东先生、薛婷瑜女 士以现场方式参与表决，刘贤钊先生以通讯方式参与表决。会议由监事会主席胡 亚东先生召集并主持。本次监事会会议的召集、召开和表决程序符合《公司法》 等法律法规及《公司章程》的有关规定，合法有效。 二、监事会会议审议情况 1、审议通过《关于公司<2025 年第一季度报告>的议案》 经审议，监事会认为：董事会编制和审核的《2025 年第一季度报告》符合 法律法规、中国证监会和深圳证券交易所的规定，报告内容真实、准确、完整地 反映了公司报告期内经营的实际情况，不存在任何虚假记 ...

证券代码：300522 证券简称：世名科技 公告编号：2025-015 第五届董事会第十三次会议决议公告 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 1、本次董事会由董事长陆勇先生召集，会议通知于2025年4月17日以电话通 知、电子邮件等通讯方式发出。 苏州世名科技股份有限公司 二、董事会会议审议情况 1、审议通过《关于公司<2025 年第一季度报告>的议案》 全体董事认为：公司《2025 年第一季度报告》的编制程序符合法律、法规 和中国证监会的有关规定，报告内容真实、准确、完整地反映了公司的实际情况， 不存在虚假记载、误导性陈述或者重大遗漏。具体内容详见公司于巨潮资讯网 （http://www.cninfo.com.cn）上披露的《2025 年第一季度报告》。 本议案已经公司董事会审计委员会审议通过，全体委员表示一致同意。 表决结果：同意 5 票，反对 0 票，弃权 0 票。 三、备查文件 2、本次董事会于2025年4月22日在公司办公楼十楼会议室召开，采取现场表 决结合通讯表决的方式进行表决。 3、本次董事会应出席董事5人，实 ...

■■■■■■■■■■■■■ | ■■■■■ | 2025■■■■ | 2024■■■■ | ■■■■■■■(%) | 2023■■■■ | | --- | --- | --- | --- | --- | | ■■■■■■■■■ | 0.0169 | 0.0525 | -67.81 | 0.0343 | | ■■■■■■■■ | 2.49 | 2.52 | -1.19 | 3.01 | | ■■■■■(■) | 0.1 | 0.11 | -9.09 | 0.41 | | ■■■■■■■(■) | 1.22 | 1.25 | -2.4 | 1.51 | | ■■■■■■■(■) | - | - | - | - | | ■■■■(■■) | 1.59 | 1.71 | -7.02 | 1.45 | | ■■■(■■) | 0.05 | 0.17 | -70.59 | 0.11 | | ■■■■■■(%) | 0.68 | 2.08 | -67.31 | 1.40 | ■■■■■■■■■■■■■■■>> ■■■■■■■■■■ ■■■10■■■■■■■■■■■■ ■■■■■■■■■■■ ■■■■■■■■■■■■ 120 ...

世名科技（300522）公告，2025年第一季度营业收入1.59亿元，同比下降6.89%。净利润544.37万元， 同比下降67.82%。 ...

Financial Performance - The company's revenue for Q1 2025 was ¥158,896,631.34, a decrease of 6.89% compared to ¥170,660,339.68 in the same period last year[7]. - Net profit attributable to shareholders was ¥5,443,704.61, down 67.82% from ¥16,915,154.95 year-on-year[7]. - Basic earnings per share decreased to ¥0.0169, down 67.81% from ¥0.0525 in the same period last year[7]. - Operating profit decreased significantly to ¥2,979,395.20, down 85.4% from ¥20,418,414.60 in the previous period[24]. - Net profit for the current period is ¥4,829,946.92, a decline of 71.5% compared to ¥16,981,615.53 in the previous period[24]. - The total comprehensive income attributable to the parent company was 5,443,704.61, down from 16,915,154.95 in the previous period, indicating a decline in overall profitability[25]. - The total comprehensive income for the period was 4,829,946.92, compared to 16,981,615.53 in the previous period, reflecting a significant decrease[25]. Cash Flow - The net cash flow from operating activities was -¥37,588,706.39, a decline of 249.05% compared to ¥25,219,107.12 in the previous year[14]. - Total cash inflow from operating activities was 83,734,838.72, down from 109,793,165.40 in the previous period, indicating a decline in cash receipts from operations[28]. - Cash outflow from operating activities totaled 121,323,545.11, an increase from 84,574,058.28 in the previous period, highlighting increased operational expenses[28]. - The net cash flow from investing activities was 4,453,582.38, a recovery from -17,965,923.88 in the previous period, suggesting improved investment returns[28]. - Cash inflow from financing activities was 60,000,000.00, up from 37,663,530.00 in the previous period, indicating increased borrowing[28]. - The net cash flow from financing activities was -13,933,186.10, worsening from -3,614,837.48 in the previous period, reflecting higher debt repayments[28]. Assets and Liabilities - Total assets at the end of the reporting period were ¥1,095,536,794.76, a decrease of 1.76% from ¥1,115,209,673.77 at the end of the previous year[7]. - Total liabilities decreased to ¥256,556,200.81 from ¥283,153,182.11, a decrease of 9.4%[21]. - Cash and cash equivalents decreased to ¥91,573,192.52 from ¥139,104,180.57, a drop of 34.2%[20]. - Accounts receivable increased to ¥159,792,991.33 from ¥103,691,459.65, an increase of 54.1%[20]. - Short-term borrowings decreased to ¥100,000,000.00 from ¥131,330,000.00, a reduction of 24.0%[21]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 15,193[15]. - The largest shareholder, Lü Shiming, holds 22.92% of shares, totaling 73,891,799 shares, with 20,886,684 shares pledged[15]. - Jiangsu Fenghui New Energy Development Co., Ltd. holds 16.98% of shares, totaling 54,745,823 shares, with 27,372,911 shares pledged[15]. - The top 10 shareholders collectively hold a significant portion of the company's equity, with the largest shareholder holding nearly 23%[15]. - The total number of restricted shares at the end of the period is 59,345,886, down from 78,604,641 at the beginning of the period[17]. - Lü Shiming's restricted shares decreased by 18,472,950 during the period, now totaling 55,418,849[17]. - The company has no preferred shareholders or changes in preferred shareholder structure reported[16]. - The company has not reported any changes in the top 10 shareholders due to margin trading activities[16]. - The company has a clear structure of shareholder relationships, with several shareholders being related or acting in concert[15]. - The company is maintaining a focus on shareholder equity management and transparency in reporting shareholder structures[15]. Operational Costs and Expenses - Total operating costs increased to ¥158,202,045.14, up 1.0% from ¥156,042,664.18 in the previous period[24]. - The company reported an increase in research and development expenses to ¥13,578,803.75, up 16.6% from ¥11,642,396.73 in the previous period[24]. - Financial expenses increased by 67.53% to ¥1,120,202.25, mainly due to higher interest expenses on bank loans[12].

Group 1: Market Expansion and Product Development - In 2025, the company will actively focus on expanding overseas markets through international exhibitions and partnerships with overseas distributors to adapt to regional market demands [2][3] - The "5000 tons/year LCD photoresist special nano pigment dispersion project" has received the necessary investment project filing certificate and is set to advance towards production [3][4] - The company is positioned as a leading player in the domestic pigment market, with a focus on high-end, environmentally friendly water-based pigments, and aims to enhance its product offerings in electronic chemicals [3][6] Group 2: Financial Performance - In 2024, the company achieved a revenue of ¥697,285,297.32, a year-on-year increase of 2.30%, and a net profit of ¥22,620,590.21, reflecting a 25.61% increase compared to the previous year [4][7] - The growth in net profit is attributed to differentiated applications of nano coloring materials, strategic capacity planning, and enhanced technology development [7][8] Group 3: Industry Position and Competitive Advantage - The market size of water-based pigments in China grew from approximately ¥2.41 billion in 2016 to ¥5.29 billion in 2023, with a compound annual growth rate of 11.89% [4] - The company maintains a leading position in the construction coating sector, leveraging its technological advancements and market presence to capitalize on the demand for building renovation [4][5] Group 4: Environmental and Regulatory Compliance - The company emphasizes its commitment to environmental sustainability, developing products that comply with domestic and international environmental regulations, thus enhancing its market competitiveness [5][6] - The ongoing green coating policies and energy-saving regulations present both challenges and opportunities for the company, prompting it to innovate and adapt its business strategies [5][6] Group 5: Future Growth Strategies - The company plans to implement a "one body, two wings" strategy in 2025, focusing on innovation and reform to strengthen its domestic and international market presence [6][10] - Emphasis will be placed on developing a sustainable business model that aligns with national carbon neutrality goals, enhancing its capabilities in green and circular economy practices [10][11]

Investment Rating - Industry rating is maintained at "Outperform the Market" [5] Core Viewpoints - The new materials index experienced a decline of 0.2%, underperforming the CSI 300 index by 0.8%. Among sub-sectors, the carbon fiber index decreased by 0.4%, semiconductor materials index by 1.3%, OLED materials index by 1.6%, while membrane materials index increased by 1.8% and coatings and inks index by 1.5% [11] - In the carbon fiber sector, T300 large tow is currently at a stage of bottoming out, but potential price wars may continue due to rapid capacity release by some companies. The original tow segment has limited players, suggesting less likelihood of price drops in that area. Recommended companies include Jilin Carbon Valley [3] - In the electronic materials sector, the demand for foldable smartphones remains strong despite a downturn in consumer electronics. The continuous decline in industry price bands is expected to further stimulate downstream demand. Key recommendations include Shiming Technology and Kaisheng Technology [3] - In the renewable materials sector, the photovoltaic demand continues to grow rapidly, but the expansion across the industry chain is fast, indicating a need for market clearing. Wind power is seeing significant growth, particularly in offshore wind, with a high concentration in the wind blade segment. Recommended company is Times New Material [4] Summary by Sections Carbon Fiber - T300 large tow is at a bottoming phase, with potential for continued price competition. Limited players in the original tow segment suggest stability in pricing. Recommended to focus on Jilin Carbon Valley and Zhongfu Shenying [3][4] Electronic Materials - The foldable smartphone market is expected to see sustained growth over the next 3-5 years, with key players in the supply chain likely to maintain premium pricing. Recommendations include Shiming Technology and Kaisheng Technology [3] Renewable Materials - Photovoltaic demand is strong, but rapid expansion in the industry chain necessitates market clearing. Offshore wind power is expanding significantly, with Times New Material recommended for investment [4]

世名科技（300522） 证券研究报告 公司报告 | 年报点评报告 减值计提轻装上阵，材料矩阵日渐完善 事件：公司发布 24 年年报，24fy 实现营收/归母净利/扣非归母净利 7/0.23/0.19 亿元，yoy+2.3%/+25.6%/-18.6%。24 年公司计提了 1403 万元的 资产及信用减值损失，主要由于岳阳凯门经营业绩不及预期。 树脂类产品大幅增长，看好后续新品放量弹性 分业务看，着色剂相关产品营业收入为 5.7 亿元，占公司营收 82%，同比 增长 1%；对应毛利率 25.6%，同比上升 0.07pct。特种添加剂行业相关产品 营业收入为 1.23 亿元，占公司营收 17.6%（23 年为 16.6%），同比增长 8%； 对应毛利率 22.56%，同比下降 4pct。树脂类产品营收 229.3 万元，大幅增 长 360.5%。 由于新投/技改产能较多，目前色浆/母粒/特种添加剂的产能利用率分别为 37%/26%/43%，均处于中等或偏下水平，随着市场的拓展产能利用率的提 升，我们认为公司未来具备较高的成长性。 产品矩阵完善，各生产基地厘清重点 公司形成昆山、常熟、岳阳、盘锦四大产业基地；其中 ...