中信证券股份有限公司 关于深圳市星源材质科技股份有限公司2024年持续督导工作现 场检查结果及提请公司注意事项 中信证券股份有限公司（以下简称"本保荐人"）作为对贵公司进行持续督 导的保荐人，按照《深圳证券交易所上市公司自律监管指引第 13 号——保荐业 务》的有关要求，对贵公司认真履行了持续督导职责。 基于 2024 年度现场检查，本保荐人提请贵公司关注以下事项： 1、前期差错更正情况 经上市公司核查，公司《2024 年半年度报告》中因填报错误导致部分披露 事项信息有误，公司于 2024 年 9 月 2 日披露《关于 2024 年半年度报告的更正公 告》《2024 年半年度报告（更正后）》，对 2024 年半年度报告中相关数据进行 了更正，本次更正不会对公司 2024 年半年度财务状况和经营成果造成影响。 2、业绩大幅波动情况 在经营方面，公司 2024 年归属于上市公司股东的净利润为 36,382.63 万元， 同比下降 36.87%。 提请公司关注宏观经济环境变化、所属行业市场变化、下游客户需求变化以 及对公司的经营业绩可能带来不利影响的其他因素。建议根据自身实际情况合理 调整经营策略，进一步加强经营管 ...

中信证券股份有限公司关于 深圳市星源材质科技股份有限公司 2021 年度向特定对象发行 A 股股票持续督导 保荐总结报告书 | 保荐人编号：Z20374000 | | --- | | 申报时间：2025 年 5 月 | | 深圳市星源材质科技股份有限公司（以下简称"星源材质"、"公 | 公司名称 | 司"或"发行人"） | | | | | | --- | --- | --- | --- | --- | --- | --- | | 法定代表人 | 陈秀峰 | | | | | | | 证券简称 | 星源材质 | | | | | | | 证券代码 | 300568.SZ | | | | | | | 上市交易所 | 深圳证券交易所创业板 | | | | | | | 成立日期 | 年 | 月 | 日 | 2003 | 9 | 17 | | 注册资本 | 元 | 1,342,956,970.00 | | | | | | 注册地址 | 深圳市光明区公明办事处田园路北 | | | | | | | 办公地址 | 深圳市光明区公明办事处田园路北 | | | | | | | 邮政编码 | 518106 | | | | | | | ...

中信证券股份有限公司 关于深圳市星源材质科技股份有限公司 2024年度持续督导培训情况的报告 深圳证券交易所： 中信证券股份有限公司（以下简称"中信证券"、"保荐机构"）根据《深圳 证券交易所上市公司自律监管指引第 13 号——保荐业务》对深圳市星源材质科 技股份有限公司（以下简称"星源材质"、"公司"）进行了 2024 年度持续督导 培训，报告如下： 一、本次持续督导培训的基本情况 （一）保荐机构：中信证券股份有限公司 （二）保荐代表人：赵倩、叶兴林 （三）培训时间：2025 年 4 月 24 日 （四）培训地点：深圳市光明新区公明办事处田园路北 5 号 （五）培训人员：赵倩 （六）培训对象：公司控股股东、实际控制人、董事、监事、高级管理人 员以及中层以上管理人员 三、本次持续督导培训的结论 保荐机构按照《深圳证券交易所上市公司自律监管指引第 13 号——保荐业 务》的有关要求，对深圳市星源材质科技股份有限公司进行了 2024 年度持续督 导培训。 （七）培训内容：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》《上市公 司监管指引第 5 号 ...

Group 1: Company Performance and Production - The company expects to ship a total of 20 billion square meters of lithium-ion battery wet-process separators from the Malaysia Penang base after it becomes operational in 2025 [3] - In 2024, domestic revenue accounted for 88.68%, while overseas revenue accounted for 11.32% [3] - The company's separator shipment volume accounted for 13.6% of the global market share in 2023, projected to increase to 16.7% in 2024 [4] Group 2: Customer Base and Market Expansion - Major customers include industry leaders such as CATL and BYD, with the sales proportion to the top five customers detailed in the 2024 annual report [2] - The company has established partnerships with notable clients like Samsung SDI, Zhongke Shenlan Huize New Energy, and others to enhance its global market share [3] - The company is actively exploring other functional membrane fields, including water treatment membranes and hydrogen energy membranes [4] Group 3: Product Innovation and Development - The company launched a new aramid series separator product in April 2024, which offers improved electrical performance and safety for electric vehicles and large-scale energy storage solutions [3] - Research and development efforts have led to the production-ready status of oxide and polymer solid-state electrolyte membranes, which are currently undergoing customer certification [4] Group 4: Regulatory and Market Challenges - The company is closely monitoring the potential impact of EU carbon tariffs on separator exports and is proactively expanding overseas production capacity to mitigate tariff risks [3]

Summary of the Conference Call for Xingyuan Material Company Overview - **Company**: Xingyuan Material - **Industry**: Solid-state battery materials Key Points and Arguments 1. **Mass Production of LATP Oxide Solid Electrolyte**: Xingyuan Material has achieved mass production of LATP oxide solid electrolyte materials at a scale of tens of millions of square meters, becoming the first in the industry to do so [2][3] 2. **Collaboration with Otsuka Chemical**: The company is collaborating with Otsuka Chemical to develop water-based PU polymers, enhancing its product offerings in solid-state battery technology [2][3] 3. **Development of Rigid Skeleton Structure Membranes**: The company employs a rigid skeleton structure membrane strategy, utilizing both dry and solvent processes to improve consistency and high-temperature resistance [2][5] 4. **Partnership with China Deep Blue Team**: Xingyuan Material is working with the China Deep Blue team to promote a flexible solid electrolyte membrane that addresses interface issues and enhances overall performance [2][6] 5. **Focus on Solid-State Battery Products**: The solid-state electrolyte membrane is a key product for the company, with ongoing collaborations with multiple electronic manufacturers to design solid-state battery products [2][9] 6. **High Demand for Rigid Skeleton Materials**: There is an increasing demand from electronic manufacturers for high porosity rigid skeleton materials, indicating a shift towards solid-state solutions [13] 7. **Advantages of Solid-State Electrolyte Membranes**: Solid-state membranes offer significant advantages, including improved strength, convenience, and cost reduction, while maintaining compatibility with existing electrode materials [11][20] 8. **Future Trends in Solid-State Electrolytes**: The development direction includes oxides, polymers, and sulfides, with a focus on solid-state electrolytes to address safety issues associated with liquid electrolytes [14] 9. **Industrialization Feasibility**: The solid-state battery technology is feasible for industrialization, requiring minimal changes to existing production equipment and processes [21][16] 10. **Unique Properties of PU Materials**: The PU materials developed in collaboration with Otsuka Chemical have superior molecular weight and purity compared to existing domestic products [22] 11. **Emerging Markets for Sulfides and Halides**: The company is exploring new materials like sulfides and halides, with plans for limited production in the near future [23][24] 12. **Applications in Low-altitude Aircraft**: The company is engaged in collaborations to meet the energy density and safety requirements for low-altitude aircraft batteries [29] Additional Important Information - **Production Capacity**: The company plans to deliver 15 million square meters of semi-solid products in 2025, corresponding to a gigawatt-hour of battery capacity [26] - **Technological Innovations**: Innovations include a one-step forming technology that combines the formation of the rigid skeleton and solid electrolyte [9] - **Market Position**: Xingyuan Material has established itself as a leader in the solid-state battery materials sector, with a strong focus on R&D and partnerships to maintain technological leadership [7][8] This summary encapsulates the key developments and strategic directions of Xingyuan Material in the solid-state battery industry, highlighting its innovative approaches and collaborations that position it for future growth.

会社律师事务所 KING&WODD 广东省深圳市南山区科苑南路2666号 中国铁润十圆78层 28th Floor, China Resources Tower 2666 Kevuan South Road Nanshan District Shenzhen, Guangdong 518052 P.R. China +86 755 2216 3333 86 755 2216 3380 北京市金杜(深圳)律师事务所 关于深圳市星源材质科技股份有限公司 公司本次股东大会股权登记日的股东名册; 4. 庆 | 广州 | 海口 | 杭州 | 香港特别行政区 | 济南 | 南京 | 青岛 | 三亚 | 上海 | 深圳 | 苏州 | 珠海 | 布里斯班 | 堪培拉 | 墨尔本 | 珀斯 | 悉尼 | 2025年第三次临时股东大会 之法律意见书 致:深圳市星源材质科技股份有限公司 北京市金杜（深圳）律师事务所（以下简称本所）接受深圳市星源材质科技 股份有限公司（以下简称公司）委托，根据《中华人民共和国证券法》（以下简称 《证券法》)、《中华人民共和国公司法》(以下简称《公司法》)、中国证券监督管 理委员会（以下简称中国证监会 ...

关于回购股份进展公告 一、回购公司股份的实施情况 公司于 2025 年 4 月 17 日披露了《关于回购公司股份方案暨取得金融机构股 票回购专项贷款承诺函的公告》，并于 2025 年 4 月 24 日披露了《回购报告书》。 证券代码：300568 证券简称：星源材质 公告编号：2025-055 深圳市星源材质科技股份有限公司 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。 深圳市星源材质科技股份有限公司（以下简称"公司"）2025 年 4 月 16 日召 开的第六届董事会第十三次会议、第六届监事会第十一次会议，审议通过了《关 于回购公司股份方案的议案》，公司拟使用自有资金及股票回购专项贷款资金以 集中竞价交易方式回购公司股份，用于维护公司价值及股东权益。本次回购总金 额不低于人民币 10,000 万元（含）且不超过人民币 20,000 万元（含），回购价 格不超过人民币 14 元/股，回购股份的数量和回购金额以回购期满时实际回购的 股份数量和回购金额为准。回购股份实施期限为自公司董事会审议通过本次回购 股份方案之日起 3 个月内。具体内容详见公司于 2025 ...

证券代码：300568 证券简称：星源材质 公告编号：2025-053 深圳市星源材质科技股份有限公司 2025 年第三次临时股东大会决议公告 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、本次股东大会未出现否决议案的情形。 2、本次股东大会不涉及变更以往股东大会已通过的决议。 其中：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 8 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投票系 统进行网络投票的具体时间为 2025 年 5 月 8 日 9:15-15:00 期间的任意时间。 2、会议地点：深圳市光明区公明办事处田园路北（星源先进材料产业园 2 栋 10 楼会议室） 3、会议召开方式：采用现场投票表决与网络投票相结合的方式召开 4、会议召集人：公司董事会 5、会议主持人：董事长陈秀峰先生 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）现场会议开始时间：2025 年 5 月 8 日（星期四）14:30 （2）网络投票时间：2025 年 5 ...

证券代码：300568 证券简称：星源材质 公告编号：2025-054 深圳市星源材质科技股份有限公司（以下简称"公司"）于 2025 年 4 月 10 日 召开第六届董事会第十二次会议及第六届监事会第十次会议，于 2025 年 5 月 8 日召开 2025 年第三次临时股东大会，审议通过了《关于回购注销部分已授予但 尚未解除限售限制性股票的议案》。根据《公司 2022 年限制性股票激励计划》 （以下简称"《激励计划》"）的相关规定，因 2022 年限制性股票激励计划首次 授予的 13 名激励对象及预留授予的 4 名激励对象因个人原因已离职，董事会同 意公司回购注销该部分已授予但尚未解除限售的 47,999 股限制性股票，上述回 购注销完 成后， 公 司注册资 本由人 民 币 1,342,902,078 元变更至人 民币 1,342,854,079 元，公司股份总数由 1,342,902,078 股变更为 1,342,854,079 股。 由于本次公司回购注销部分限制性股票涉及总股本减少、注册资本变动，根 据《中华人民共和国公司法》（以下简称"《公司法》"）等相关法律、法规的规 定，公司特此通知债权人，债权人 ...

Investment Rating - The report maintains a "Buy" rating for the company, indicating an expectation that the stock will outperform the market index by more than 15% over the next six months [6][9]. Core Views - The company is a leading player in the global lithium battery separator market. Despite facing short-term performance pressure due to declining product prices, the report suggests that the prices have reached a low point with limited further downside. The company's products remain competitive, and its market share is increasing. The strategic focus on solid-state battery technology is expected to accelerate its participation in the development of new battery technologies [4][6]. Summary by Sections Financial Performance - In 2024, the company achieved revenue of 35.41 billion yuan, a year-on-year increase of 17.52%, while net profit attributable to shareholders was 3.64 billion yuan, a decline of 36.87%. The gross margin was 29.09%, down 15.33 percentage points year-on-year, and the net margin was 10.47%, down 9.23 percentage points [7]. - For Q1 2025, revenue was 8.89 billion yuan, up 24.44% year-on-year, but net profit attributable to shareholders fell by 56.39% to 0.47 billion yuan. The gross margin was 25.53%, down 10.46 percentage points year-on-year [7]. Market Strategy - The company is actively expanding its customer base and increasing production capacity, which is expected to enhance its market share. In 2024, it signed strategic cooperation agreements with major companies such as Samsung SDI and Volkswagen Powerco, and is advancing projects in various locations including Nantong, Foshan, Europe, and Malaysia [7]. - The company is also strategically positioning itself in the solid-state battery sector, collaborating with several firms on solid electrolyte membrane products. It has established partnerships for the development of semi-solid and all-solid-state batteries [7]. Earnings Forecast - The earnings forecast for the company indicates total revenue of 44.21 billion yuan in 2025, with a projected net profit of 4.44 billion yuan. The basic earnings per share (EPS) are expected to be 0.33 yuan for 2025, with a price-to-earnings (PE) ratio of 30 times [8].