北京市东城区建国门内大街 26 号新闻大厦 7 层、8 层 电话：010-88004488/66090088 传真：010-66090016 邮编：100005 北京国枫律师事务所 关于南京三超新材料股份有限公司 2025 年第一次临时股东大会的 1．本所律师仅就本次会议的召集与召开程序、召集人和出席现场会议人员资格、 会议表决程序及表决结果的合法性发表意见，不对本次会议所审议的议案内容及该等议 案所表述的事实或数据的真实性、准确性和完整性发表意见； 2．本所律师无法对网络投票过程进行见证，参与本次会议网络投票的股东资格、 网络投票结果均由相应的证券交易所交易系统和互联网投票系统予以认证； 3．本所及经办律师依据《证券法》《证券法律业务管理办法》《证券法律业务执 业规则》等规定及本法律意见书出具日以前已经发生或者存在的事实，严格履行了法定 1 职责，遵循了勤勉尽责和诚实信用原则，进行了充分的核查验证，保证本法律意见所认 定的事实真实、准确、完整，所发表的结论性意见合法、准确，不存在虚假记载、误导 性陈述或者重大遗漏，并承担相应法律责任； 法律意见书 国枫律股字[2025]A0397 号 致：南京三超新材料股份 ...

证券代码：300554 证券简称：三超新材 公告编号：2025-056 南京三超新材料股份有限公司 2025 年第一次临时股东大会决议的公告 本公司及董事会全体成员保证信息披露内容的真实、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. 本次股东大会无变更、否决议案的情形； 2. 本次股东大会采取现场投票与网络投票相结合的方式召开； 3. 本次股东大会的提案均属于股东大会特别决议事项，由出席股东大会的 股东（包括股东代理人）所持表决票的2/3以上通过，其中提案2包含子议案，需 逐项表决。上述提案均涉及关联交易，关联股东需回避表决，并不得接受其他股 东委托进行投票； 4. 本次股东大会未涉及变更以往股东大会决议的情形。 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：2025 年 8 月 20 日 13:30。 （2）网络投票：通过深圳证券交易所交易系统进行网络投票的时间为 2025 年 8 月 20 日 9:15-9:25、9:30-11:30 和 13:00-15:00；通过深圳证券交易所互联网 系统投票的具体时间为 2025 年 8 月 20 日 9:1 ...

Group 1: Company Overview - SanChao New Materials, established in 1999, was the first to break the foreign monopoly in diamond wire technology and went public in 2017 [3] - The company experienced significant growth in production capacity, increasing from 1.1 million kilometers in early 2022 to 28 million kilometers in 2023, a 25-fold increase over three years [3] - However, the company is currently facing severe challenges, with a sharp decline in gross margin from 28% in 2022 to 17.89% in 2024, and a significant drop in revenue and profit [3][4] Group 2: Financial Performance - In 2024, total assets decreased by 17.97% to approximately 971.74 million, while net profit turned negative at -140.94 million, a decline of 623.64% compared to the previous year [4] - Revenue for 2024 was reported at 348.83 million, down 27.49% from 2023 [4] - The company has seen a drastic reduction in basic earnings per share, dropping to -1.2340 from 0.2423 in the previous year [4] Group 3: Control Change and Strategic Moves - Liu Jingqi, a wealthy entrepreneur from Wuxi, is acquiring control of SanChao New Materials through a combination of share transfer, voting rights waiver, and a capital increase, with a total investment of no less than 715 million [2][7] - The acquisition strategy involves three phases, with the first phase involving the purchase of 10.25 million shares at 24.52 yuan per share [7] - This acquisition is expected to enhance the competitive edge of SanChao's diamond wire business by integrating resources within the photovoltaic industry [11] Group 4: Industry Context - The photovoltaic industry is currently undergoing a deep adjustment, with overcapacity in the polysilicon sector and a challenging market environment for Chinese solar companies [12] - Despite the difficulties, the photovoltaic sector is expected to see positive policy signals in 2025, although the overcapacity issue is projected to persist until 2026 [12] - SanChao's subsidiary, Jiangsu Sanjing, has shown promising growth in the semiconductor precision tools business, with a revenue increase of 67.54% in 2024 [11][13]

三超新材最新一期业绩显示，截至2025一季报，公司营业总收入5039.90万元、同比减少54.78%，归属 净利润625.58万元，同比减少267.47%，扣非净利润792.71万元，同比减少429.40%，流动比率2.283、速 动比率1.659、资产负债率30.45%。 金融界消息 截至2025年8月12日收盘，三超新材（300554）报收于25.53元，下跌1.77%，换手率 10.09%，成交量7.99万手，成交金额2.04亿元。 资金流向方面，今日主力资金净流出1100.94万元，占比成交额5.4%。其中，超大单净流出535.29万 元、占成交额2.63%，大单净流出565.65万元、占成交额2.77%，中单净流出流出450.41万元、占成交额 2.21%，小单净流入1551.35万元、占成交额7.61%。 通过天眼查大数据分析，南京三超新材料股份有限公司共对外投资了5家企业，参与招投标项目2次，知 识产权方面有商标信息2条，专利信息59条，此外企业还拥有行政许可96个。 来源：金融界 天眼查商业履历信息显示，南京三超新材料股份有限公司，成立于1999年，位于南京市，是一家以从事 非金属矿物制品业为 ...

Summary of Key Points Core Viewpoint - The 2024 A-share Secretary Data Report indicates that the total salary of secretaries in A-share listed companies reached 4.086 billion yuan, with an average annual salary of 754,300 yuan, reflecting a 9% increase from 2023 [1]. Salary Distribution - The average salary for secretaries in the machinery and equipment-general equipment industry is approximately 627,200 yuan, with the highest salary being 2.636 million yuan for Wu Sanqiang from China International Marine Containers [1]. - The majority of secretaries (50%) earn between 500,000 and 1 million yuan, totaling 109 individuals [1]. - The average salary increased by 21,500 yuan from 2023, marking a 9% rise [1]. Age Structure - The average age of secretaries is approximately 45.78 years, with the largest age group being 40-49 years, comprising 42% of the total [3]. - The oldest secretary is 68 years old, earning 433,300 yuan, while the youngest is 30 years old, earning 297,500 yuan [3]. Educational Background - The distribution of secretaries by education level includes 4 PhDs, 71 Master's degrees, 121 Bachelor's degrees, and 24 with diplomas or lower, with average salaries of 1.2249 million yuan, 662,600 yuan, 603,000 yuan, and 560,400 yuan respectively [5]. Compliance and Regulatory Issues - Zhu Mengyong, the secretary of Xinlai Materials, faced severe penalties for insider trading, resulting in a total fine of 2.1664 million yuan due to illegal gains from stock trading during a sensitive period [7]. - Xiao Yonglin from Haoshi Electromechanical received a warning and a fine of 2 million yuan for his involvement in market manipulation, highlighting the regulatory scrutiny on executive compliance [8].

Core Viewpoint - The acquisition of control by Boda He Yi over San Chao New Materials marks a significant shift in the company's ownership structure, with implications for its future operations and financial health [1][2][10]. Group 1: Company Ownership and Financial Moves - San Chao New Materials announced a share transfer agreement with Boda He Yi, resulting in a change of controlling shareholder and actual controller to Liu Jingqi [1]. - The company plans to issue 12.475 million A-shares to Boda He Yi, raising up to 250 million yuan for working capital and bank loan repayment, which will increase Boda He Yi's stake to 24.83% [1][2]. - Following the announcement, San Chao New Materials' stock price surged by 7.10% on August 5, closing at 25.80 yuan per share [2]. Group 2: Business Performance and Growth Areas - San Chao New Materials has seen revenue growth from 248 million yuan in 2021 to 481 million yuan in 2023, with a turnaround from a net loss of 75.01 million yuan to a profit of 26.91 million yuan [3]. - The company has invested in domestic equipment for silicon cutting production, expanding its capacity significantly, with a new project producing 150 million kilometers of silicon cutting wire in 2023 [3]. - The semiconductor precision diamond tool business of its subsidiary Jiangsu Sanjing achieved revenue of 38.86 million yuan in 2024, marking a 67.54% increase [6]. Group 3: Industry Challenges and Future Outlook - The photovoltaic industry is facing significant challenges, with many companies experiencing losses due to oversupply and falling prices, particularly in the silicon cutting wire segment [6][9]. - San Chao New Materials reported a revenue decline of 27.49% in 2024, with a net loss of 141 million yuan, indicating the impact of the industry's downturn [6]. - The company plans to deepen its involvement in the semiconductor industry, focusing on consumables and equipment, as a potential new growth area [7].

Core Viewpoint - The control change of San Chao New Materials has been announced, with Wuxi Boda He Yi Technology Co., Ltd. becoming the new controlling shareholder, and Liu Jingqi as the actual controller, leading to a significant stock price increase for the company [1][2]. Group 1: Control Change Details - On August 4, San Chao New Materials disclosed that its controlling shareholder will change to Wuxi Boda He Yi Technology Co., Ltd., with Liu Jingqi as the new actual controller [1][2]. - The share transfer involves Wuxi Boda He Yi acquiring a total of 18.9854 million shares from existing shareholders, with a two-phase agreement for the transfer [2]. - Following the share transfer, San Chao New Materials will issue 12.475 million shares to Wuxi Boda He Yi, aiming to raise up to 250 million yuan for working capital and debt repayment [2]. Group 2: Financial Performance of Boda He Yi - Boda He Yi has shown strong financial performance, achieving revenues of approximately 4.65 billion yuan, 2.163 billion yuan, and 1.843 billion yuan for the years 2023, 2024, and the first half of 2025, respectively [5]. - Corresponding net profits for the same periods are approximately 1.09 billion yuan, 395 million yuan, and 400 million yuan, indicating consistent profitability despite industry challenges [5]. - The company's debt-to-asset ratio has decreased significantly, from 71.12% in 2023 to 51.74% in the first half of 2025, reflecting improved financial health [5]. Group 3: Challenges for San Chao New Materials - San Chao New Materials specializes in the research, production, and sales of superhard material tools, with a reported revenue of approximately 349 million yuan and a net loss of about 141 million yuan in 2024 [6]. - In the first quarter of 2025, the company experienced a revenue decline of 54.78% year-on-year, with a net loss of approximately 6.26 million yuan, indicating ongoing financial difficulties [6]. - Despite the acquisition, Boda He Yi has no immediate plans to make significant changes to San Chao New Materials' main business or assets within the next 12 months [6].

Core Viewpoint - Nanjing SanChao New Materials Co., Ltd. is undergoing a change in control, with significant shareholders planning to transfer ownership to Wuxi Boda He Yi Technology Co., Ltd. through a series of agreements [2][3][4]. Group 1: Ownership Transfer Details - The ownership transfer involves a series of agreements including a share transfer agreement, a voting rights waiver agreement, and a share subscription agreement [2][3]. - Boda He Yi will acquire 24.83% of SanChao's shares through a combination of share transfer and subscription to a private placement of shares [2][6]. - The first phase of the share transfer will see Boda He Yi acquire 6 million shares from the controlling shareholder at a price of 24.52 yuan per share [3][4]. Group 2: Voting Rights and Control - After the first phase of the transfer, Boda He Yi will hold 8.97% of the voting rights, making it the controlling shareholder, while the original shareholders will waive their voting rights [4][6]. - Following the second phase of the transfer, Boda He Yi's shareholding and voting rights will increase to 24.83%, while the original shareholders' voting rights will be adjusted accordingly [6][8]. Group 3: Business Context and Synergies - SanChao's main products include diamond grinding wheels and electroplated diamond wires, with the latter primarily used in the photovoltaic industry [7]. - The industry has faced challenges such as overcapacity and declining prices, impacting SanChao's profitability, which has fluctuated significantly from 2003.07 million yuan in 2020 to a loss of 1.41 billion yuan in 2024 [7]. - Boda He Yi, through its subsidiary, has capabilities in global supply chain integration for photovoltaic components, which may create synergies with SanChao's existing business [8].

接手的是"80后"无锡富豪柳敬麒，其为目前光伏组件企业博达新能的实控人。 而这也引发了业内关于三超新材易主后是否会迎来光伏资产注入的猜想。 不过，就在三超新材公布易主当晚，博达新能相关人士回应称："柳总的投资平台收购上市公司控股 权，不涉及博达新能或相关业务。一切以公告信息为准。" 21世纪经济报道记者注意到，这是博达新能实际控制人柳敬麒第二次冲击资本市场。 而与2023年的定增交易所不同的是，柳敬麒若顺利拿下三超新材，无论其未来是否会注入博达新能，其 主动权都将掌握在自己手中。 财报显示，三超新材去年实现营业收入3.49亿元，同比下滑27.49%；归母净利润为—1.41亿元，由盈转 亏。 值得一提的是，在上一轮周期中，三超新材同样也陷入亏损——在其上市后的第二年，即2018年，受 到"531光伏政策"影响，光伏产业需求萎缩，三超新材当年净亏损约0.28亿元。 "三步走"拿下控制权 根据三超新材8月4日晚间发布的一系列公告，柳敬麒拟通过"三步走"的方式拿下该公司控制权。 而上述"三步走"若顺利完成，博达合一将拥有三超新材约3146.04万股股份，持股比例、表决权比例均 达到24.83%。 21世纪经济报道记者 ...

虽然公司名字都有"新材"，同样是控制权变更，但在资本市场上三超新材和上纬新材却有着不同的反 应。 8月4日，三超新材（300554.SZ）披露了更为详细的控制权变更内容，柳敬麒及博达合一科技有限公司 （简称"博达合一"）、无锡博达新能科技有限公司（以下简称"博达新能"）将通过"股份转让+表决权放 弃+定向增发"的组合操作，完成对三超新材的控制。但8月5日复牌，投资者们却没能等来20cm涨停， 公司股价开盘后一路下跌，最终报收25.8元，涨幅收窄至7.10%。 不过，这笔交易对于深陷业绩困境的三超新材来说，博达系的资产将在短期内有效增厚其业绩；而对于 已经开始减持公司股权的原实控人邹余耀来说，通过一系列的股权交易其也将大比例套现离场。 反观此次交易中的核心资产光伏组件公司博达新能，其高度依赖的美国市场正面临关税壁垒与本土产能 竞争等挑战，这也为博达合一的持续盈利能力打上一个问号。 业绩承压或催生控制权变局 三超新材（300554,SZ）控制权变更的方案终于在2025年8月尘埃落定：通过"股份转让+表决权放弃+定 向增发" 的组合拳，博达合一将正式接过公司控股权。 根据披露的股权转让协议，博达合一将分两期受让原实 ...