Core Viewpoint - Guangxin Materials closed at 22.99 yuan on November 21, with a significant block trade occurring, indicating potential market interest and activity in the stock [1]. Trading Activity - A block trade was executed with a total volume of 172,000 shares and a transaction value of 3.1631 million yuan [1]. - The first transaction price was 18.39 yuan for 172,000 shares, resulting in a discount of 20.01% [1]. - The buyer was Huaxi Securities Co., Ltd., and the seller was CITIC Jianchao Securities Co., Ltd. [1]. Recent Performance - Over the past three months, Guangxin Materials has recorded two block trades with a cumulative transaction value of 9.5285 million yuan [1]. - In the last five trading days, the stock has increased by 2.18%, with a net inflow of 13.9887 million yuan from major funds [1].

Group 1 - The core transaction involved Guangxin Materials, with a total of 172,000 shares traded on November 21, resulting in a transaction amount of 3.1631 million yuan, which accounted for 1.83% of the total trading volume for that day [1][2] - The transaction price was 18.39 yuan per share, representing a discount of 20.01% compared to the market closing price of 22.99 yuan [1][2] - The buyer was Huaxi Securities Co., Ltd., while the seller was CITIC Construction Investment Securities Co., Ltd. [2]

证券代码：300537 证券简称：广信材料 公告编号：2025-092 江苏广信感光新材料股份有限公司 根据致同会计师事务所（特殊普通合伙）出具的审计报告，截至 2024 年 12 月 31 日，公司母公司报表期末未分配利润为-236,701,437.94 元，盈余公积为 31,589,162.51 元，资本公积为 937,426,418.08 元；全资子公司江苏宏泰高分子材 料有限公司（以下简称"江苏宏泰"）报表期末未分配利润为-21,522,897.83 元， 盈余公积为 23,493,752.34 元，资本公积为 10,570,853.75 元。 根据《中华人民共和国公司法》（以下简称"《公司法》"）、财政部《关 于公司法、外商投资法施行后有关财务处理问题的通知》等法律、法规及规范性 文件，以及《公司章程》等相关规定，公司拟使用母公司盈余公积 31,589,162.51 元和资本公积 205,112,275.43 元，两项合计 236,701,437.94 元用于弥补母公司截 至 2024 年 12 月 31 日的累计亏损。江苏宏泰拟使用盈余公积 21,522,897.83 元用 于弥补江苏宏泰截至 2 ...

长沙市芙蓉区建湘路 393 号 世茂环球金融中心 63 层 410000 Tel：(0731) 8295 3778 Fax：(0731) 8295 3779 http://www.qiyuan.com 湖南启元律师事务所 关于江苏广信感光新材料股份有限公司 湖南启元律师事务所 HUNAN QIYUAN LAW FIRM 2025 年第二次临时股东会的 法律意见书 致：江苏广信感光新材料股份有限公司 湖南启元律师事务所（以下简称"本所"）受江苏广信感光新材料股份有限公 司（以下简称"公司"）委托，对公司 2025 年第二次临时股东会（以下简称"本次 股东会"）进行现场见证，并根据《中华人民共和国公司法》（以下简称"《公司 法》"）、《上市公司股东会规则》（以下简称"《股东会规则》"）、《深圳证 券交易所上市公司股东会网络投票实施细则》（以下简称"《网络投票实施细则》"） 等我国现行法律、法规、规范性文件以及《江苏广信感光新材料股份有限公司章 程》（以下简称"《公司章程》"）等有关规定出具本法律意见书。 为出具本法律意见书，本所指派本所律师列席了本次股东会，按照律师行业 公认的业务标准、道德规范和勤勉尽责精神，对 ...

江苏广信感光新材料股份有限公司 2025 年第二次临时股东会决议公告 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： 证券代码：300537 证券简称：广信材料 公告编号：2025-091 1.本次股东会未出现否决议案的情形； 2.本次股东会不涉及变更以往股东会已通过的决议。 一、会议召开和出席情况 （一）会议召开情况 1．会议召开时间： （1）现场会议召开时间：2025 年 11 月 19 日 14:30:00 （2）网络投票时间：2025 年 11 月 19 日 其中：通过深圳证券交易所系统进行网络投票的具体时间为 2025 年 11 月 19 日 9:15-9:25，9:30-11:30，13:00-15:00；通过深圳证券交易所互联网投票系统投票 的具体时间为 2025 年 11 月 19 日 9:15 至 15:00 的任意时间。 2．召开地点：广东省广州市番禺区大龙街富怡路 300 号，子公司广州广臻感光 材料有限公司办公楼，二楼会议室 3．召开方式：现场投票与网络投票表决相结合的方式 4．召集人：公司董事会 5．主持人：公司董事长李有 ...

Core Viewpoint - Guangxin Materials held a performance briefing on November 4, 2025, discussing its business operations, core business progress, and future strategic plans with investors [1] Business Progress - The company has developed environmentally friendly graphene water-based coatings and solvent-free high-solid coatings for the marine anti-corrosion market, which have passed NORSOK M-501 standard testing and some customer site tests. These products are applicable to high-end marine equipment such as offshore oil and gas platforms and wave energy generation equipment. The company expects to achieve bulk sales in strategic core markets between Q4 2025 and Q2 2026 [2] Capacity and Performance - The Longnan base achieved over 150 million in revenue in the first three quarters of 2025. The company reported a net loss of 4.77 million in Q3 2025, primarily due to lower-than-expected revenue from photovoltaic BC battery insulation glue, fixed asset depreciation from the Longnan base, and impairment losses from the sale of a subsidiary. However, excluding credit and asset impairments, the company showed slight operational profitability [3] Strategic Focus - The company has been divesting loss-making assets such as Shenzhen Lejian and Hunan Sunshine to optimize its structure and reduce operational costs. The sale of a subsidiary for 9.8 million is part of this strategy. The company emphasizes that these transactions will not significantly impact production operations. The photolithography and related materials segment is benefiting from PCB market growth driven by AI and robotics, with a focus on providing cost-effective solutions. The company has completed a refinancing process for specific stock issuance in 2024 and currently has no other refinancing plans [4]

Group 1: Company Performance and Financials - The company achieved revenue of over 150 million yuan in the first three quarters of 2025 [3] - The third quarter net profit loss was 4.7743 million yuan, primarily due to accounting adjustments, but actual profit was slightly positive after excluding credit and asset impairments [8] - As of October 31, 2025, the number of shareholders was 25,247 [4] Group 2: Product Development and Market Strategy - The company is focusing on high-performance graphene anti-corrosion coatings for marine engineering, with expectations for bulk sales to strategic core customers between Q4 2025 and Q2 2026 [7][8] - The company has developed environmentally friendly, high-performance water-based coatings and solvent-free high-solid coatings for marine applications, which have passed NORSOK M-501 standard testing [6][8] - The company is actively expanding its product offerings in new functional materials and metal packaging coatings, which has led to increased sales expenses due to a larger sales team and enhanced market promotion efforts [4][5] Group 3: Operational Challenges and Market Conditions - The company faces challenges in the photovoltaic BC battery market, with revenue lower than expected due to customer demands for cost reductions and competitive pricing [6][8] - The marine coatings market has high entry barriers and long customer validation cycles, which have delayed large-scale orders [7][8] - The company is strategically focusing on high-end marine equipment coatings, including offshore oil and gas platforms and wave energy generation equipment, to enhance its market position [6][8]

Core Viewpoint - The event highlighted the strategic initiatives of companies in Wuxi, particularly focusing on expanding into new product applications while maintaining their traditional business lines [1] Company Summary - Guangxin Materials (300537) is actively developing new functional materials, functional films, and metal packaging coatings in addition to its core businesses of traditional PCB photoresists and consumer electronics coatings [1] - The company is enhancing its market share by expanding its sales team and increasing marketing efforts, which has led to a rise in sales expenses [1]

Core Viewpoint - Guangxin Materials, established in 2006 and listed in 2016, is a significant player in the domestic photosensitive materials sector, focusing on high-tech materials research and development [1] Group 1: Business Performance - For Q3 2025, Guangxin Materials reported revenue of 348 million yuan, ranking 32nd among 35 companies in the industry, with the industry leader, Xilong Science, achieving 5.324 billion yuan [2] - The company's net profit for the same period was 8.0275 million yuan, also ranking 32nd, while the top performer, Anji Technology, reported a net profit of 608 million yuan [2] Group 2: Financial Ratios - As of Q3 2025, Guangxin Materials had a debt-to-asset ratio of 31.50%, higher than the previous year's 29.54% and above the industry average of 28.64% [3] - The gross profit margin for the same period was 34.71%, down from 37.14% year-on-year but still above the industry average of 31.60% [3] Group 3: Executive Compensation - The chairman, Li Youming, received a salary of 933,700 yuan in 2024, an increase of 25,500 yuan from 2023 [4] Group 4: Shareholder Information - As of September 30, 2025, the number of A-share shareholders increased by 0.33% to 28,800, with an average holding of 4,994.27 shares, a decrease of 0.33% [5] - Notably, Chuangjin Hexin New Energy Stock A became the second-largest shareholder, holding 4.4352 million shares [5] Group 5: Market Outlook - Due to lower-than-expected sales of photovoltaic BC battery insulation glue, Guangxin's performance for the first three quarters of 2025 was below expectations, leading to a downward revision of profit forecasts for 2025-2027 [6] - The company is making progress in capacity expansion projects, with several new production lines expected to begin trial production in the latter half of 2025 [6]

Core Viewpoint - Guangxin Materials announced the transfer of 100% equity of its subsidiary Hunan Sunshine New Materials Co., Ltd. to Hunan Xunyue Energy Conservation and Environmental Protection Technology Co., Ltd. for a price of 9.8 million yuan, which will result in Hunan Sunshine no longer being included in the company's consolidated financial statements [2]. Group 1 - The company held its first general manager office meeting on September 22, 2025, and the 18th meeting of the fifth board of directors on October 30, 2025, to review and approve the equity transfer proposal [2]. - The transfer price for the 100% equity stake in Hunan Sunshine is set at 9.8 million yuan [2]. - Following the completion of this transaction, Jiangsu Hongtai Polymer Materials Co., Ltd. will no longer hold any equity in Hunan Sunshine [2].