关于发行 H 股并上市进展的公告 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。 证券代码：300568 证券简称：星源材质 公告编号：2026-005 深圳市星源材质科技股份有限公司 深圳市星源材质科技股份有限公司董事会 2026 年 2 月 1 日 深圳市星源材质科技股份有限公司（以下简称"公司"）正在进行申请公开 发行境外上市外资股（H 股）并在香港联合交易所有限公司（以下简称"香港联 交所"）主板挂牌上市（以下简称"本次发行并上市"）的相关工作。公司已于 2025 年 7 月 7 日向香港联交所递交了本次发行并上市的申请，并于同日在香港 联交所网站刊登了本次发行并上市的申请资料。 英文：https://www1.hkexnews.hk/app/sehk/2026/108174/documents/sehk26013 002265.pdf 需要特别予以说明的是，本公告仅为境内投资者及时了解本次发行上市的相 关信息而作出。本公告以及刊登于香港联交所网站的申请资料均不构成也不得视 作对任何个人或实体收购、购买或认购公司本次发行的境外上市外资股（H 股） 的要 ...

Company Overview - Shenzhen Xingyuan Material Technology Co., Ltd. (Xingyuan Material) is a lithium-ion battery separator manufacturer established in 2003, with over 20 years of industry experience in R&D, production, and sales of separators, which are critical components affecting battery quality, safety, and production costs [4] - The company is the first in China to master the dry-process unidirectional stretching technology for lithium-ion battery separators [4] - The company has established six production bases in China, with overseas bases in Europe, Southeast Asia, and the United States under construction [5] Financial Performance - The company reported revenues of approximately RMB 2.867 billion, RMB 2.982 billion, RMB 3.506 billion, and RMB 2.932 billion for the years ending December 31, 2022, 2023, 2024, and the nine months ending September 30, 2025, respectively [6] - The net profit for the same periods was approximately RMB 748 million, RMB 594 million, RMB 371 million, and RMB 141 million [8] - The gross profit margins for the years were 44.8%, 43.3%, 28.1%, and 21.3% respectively [10] Market Position - The company ranked second globally in lithium-ion battery separator shipments over the past five years, with a market share increasing from 11.0% in 2020 to 14.4% in 2024 [4] - In 2024, the company is expected to hold approximately 17.1% of the Chinese battery separator market, ranking second [22] - The company is a key supplier to leading global lithium-ion battery manufacturers, including LG Energy, Samsung SDI, and CATL [4] Industry Overview - The global lithium-ion battery industry is projected to grow from 323.2 GWh in 2020 to 1,519.6 GWh by 2024, with a compound annual growth rate (CAGR) of 47.3% [12] - China remains the largest market for lithium-ion batteries, with shipments expected to grow from 142.5 GWh in 2020 to 1,133.0 GWh by 2024, reflecting a CAGR of 67.9% [12] - The global battery separator market is expected to grow from 6.4 billion square meters in 2020 to 27.7 billion square meters by 2024, with a CAGR of 44.5% [14]

Company Overview - Shenzhen Xingyuan Material Technology Co., Ltd. (Xingyuan Material) is a lithium-ion battery separator manufacturer established in 2003, with over 20 years of industry experience in R&D, production, and sales of separators, which are critical components affecting battery quality, safety, and production costs [4]. - The company is the first in China to master the dry-process unidirectional stretching technology for lithium-ion battery separators, with a significant portion of its revenue generated from the Chinese market [4]. - The company has established six production bases in China, with overseas bases in Europe, Southeast Asia, and the United States under construction, and R&D centers in China, Japan, and Sweden, with plans for more in Southeast Asia and the U.S. [5]. Financial Performance - The company reported revenues of approximately RMB 2.867 billion, RMB 2.982 billion, RMB 3.506 billion, and RMB 2.932 billion for the years ending December 31, 2022, 2023, 2024, and the nine months ending September 30, 2025, respectively [6]. - The net profit for the same periods was approximately RMB 748 million, RMB 594 million, RMB 371 million, and RMB 141 million [8]. - The gross profit margins for the years were 44.8%, 43.3%, 28.1%, and 21.3% respectively [10]. Market Position - The company ranked second globally in lithium-ion battery separator shipments over the past five years, with a market share increasing from 11.0% in 2020 to 14.4% in 2024 [4]. - In 2024, the company is expected to hold approximately 17.1% of the Chinese battery separator market, ranking second [22]. - The company is a key supplier to leading global lithium-ion battery manufacturers, including LG Energy, Samsung SDI, and CATL [4]. Industry Overview - The global lithium-ion battery industry is projected to grow from 323.2 GWh in 2020 to 1,519.6 GWh in 2024, with a compound annual growth rate (CAGR) of 47.3% [12]. - China remains the largest market, with lithium-ion battery shipments expected to grow from 142.5 GWh in 2020 to 1,133.0 GWh in 2024, reflecting a CAGR of 67.9% [12]. - The global battery separator market is expected to expand from 6.4 billion square meters in 2020 to 27.7 billion square meters in 2024, with a CAGR of 44.5% [14].

Core Viewpoint - Xingyuan Material (300568) has filed an international patent application for a membrane and its preparation method, indicating a focus on innovation and R&D growth [1] Group 1: Patent Information - The patent application is titled "A Membrane and Its Preparation Method and Application" with the application number PCT/CN2025/108439, and it is set to be published internationally on January 29, 2026 [1] - This year, Xingyuan Material has announced a total of three international patent applications, representing a 50% increase compared to the same period last year [1] Group 2: R&D Investment - In the first half of 2025, the company invested 127 million yuan in R&D, which is a year-on-year increase of 9.86% [1]

Financial Performance Expectations - The company expects a net profit of between 27.5 million and 40.5 million CNY for 2025, representing a decline of 88.87% to 92.44% compared to the same period last year[5] - The anticipated net profit attributable to shareholders, excluding non-recurring gains and losses, is expected to decline by 116.00% to 120.60% compared to the previous year, with estimates ranging from -58.2 million to -45.2 million CNY[5] - The company anticipates non-recurring gains and losses will affect net profit attributable to shareholders by approximately 86 million CNY[8] Market and Operational Challenges - The decline in performance is primarily due to increased market competition leading to a decrease in gross margin for lithium battery separator products[7] - Significant investments in overseas lithium battery separator production facilities have resulted in increased costs and expenses during the reporting period[7] - Currency fluctuations in the international monetary market are expected to directly impact net profit due to exchange losses[7] Future Outlook and Strategy - In Q4 2025, the company expects prices for lithium battery separator products to stabilize with increased downstream demand[8] - For 2026, the company plans to focus on core business development, enhance global production capacity, and implement cost control measures to improve operational performance[8]

香港聯合交易所有限公司與證券及期貨事務監察委員會對本申請版本的內容概不負責，對其準確性或完整 性亦不發表任何意見，並明確表示概不就因本申請版本全部或任何部分內容而產生或因倚賴該等內容而引 致的任何損失承擔任何責任。 Shenzhen Senior Technology Material Co., Ltd. 深圳市星源材質科技股份有限公司 （「本公司」） （於中華人民共和國註冊成立的股份有限公司） 的申請版本 警告 本申請版本乃根據香港聯合交易所有限公司（「聯交所」）及證券及期貨事務監察委員會（「證監會」）的要求而 刊發，僅用作提供資訊予香港公眾人士。 本申請版本為草擬本，其內所載資料並不完整，亦可能會作出重大變動。 閣下閱覽本文件，即代表 閣 下知悉、接納並向本公司、其獨家保薦人、整體協調人、顧問或包銷團成員表示同意： 於本公司招股章程根據香港法例第32章公司（清盤及雜項條文）條例送呈香港公司註冊處處長登記前，不會 向香港公眾人士提出要約或邀請。倘在適當時候向香港公眾人士提出要約或邀請，有意投資者務請僅依據 於香港公司註冊處處長註冊的本公司招股章程作出投資決定。該文件的文本將於發售期內向公眾人士刊 發。 (a ...

Core Viewpoint - The company is focused on enhancing its core business, improving production stability and efficiency, and maintaining its leading position in the lithium battery separator industry while exploring strategic opportunities in new materials and semiconductor materials for future growth [1] Group 1 - The company aims to strengthen its leadership in the lithium battery separator industry [1] - The company is committed to sustainable development and improving production efficiency [1] - The company is actively seeking strategic opportunities in new materials and semiconductor materials as a second growth curve [1]

Core Viewpoint - The company, Xingyuan Material (300568), confirmed that its production and operations are normal, with steady progress in various business areas, while closely monitoring relevant policy developments [1] Group 1: Business Operations - The company is actively optimizing its product layout and customer structure to enhance its core competitiveness and brand influence [1] - The company aims to maintain its leading position in the lithium battery separator industry [1]

Group 1 - The core viewpoint of the article is that Xingyuan Material (300568.SZ) has a diverse application for its lithium-ion battery separator products across various industries [1] Group 2 - The company's lithium-ion battery separators are widely used in new energy vehicles, energy storage stations, electric bicycles, electric tools, aerospace, 3C digital products, and medical environments [1]

Group 1 - The core viewpoint of the article is that Xingyuan Material (300568.SZ) has a diverse application for its lithium-ion battery separator products across various industries [1] Group 2 - The company's lithium-ion battery separators are widely used in new energy vehicles, energy storage stations, electric bicycles, electric tools, aerospace, 3C digital products, and medical environments [1]