Group 1 - The core viewpoint of the news is that Meilian New Materials has shown a positive stock performance with a 37.84% increase year-to-date, despite a recent decline over the past 60 days [1] - As of November 7, the stock price reached 11.22 CNY per share, with a market capitalization of 7.98 billion CNY and a trading volume of 1.30 billion CNY [1] - The company has experienced a net inflow of main funds amounting to 7.27 million CNY, with significant buying activity from large orders [1] Group 2 - For the period from January to September 2025, Meilian New Materials reported a revenue of 1.247 billion CNY, reflecting a year-on-year decrease of 1.69%, and a net profit attributable to shareholders of -37.20 million CNY, a decline of 201.86% [2] - The company has distributed a total of 121 million CNY in dividends since its A-share listing, with 35.56 million CNY distributed over the past three years [3] - The main business revenue composition includes color masterbatches (38.70%), melamine (33.23%), and battery separators (6.55%) [1]

Core Viewpoint - The company, Meilian New Materials, has highlighted the advanced performance characteristics of its subsidiary Huihong Technology's EX electronic materials, which are gaining traction in the market due to their efficiency and low energy consumption [1] Group 1: Product Performance - The EX electronic materials produced by Huihong Technology exhibit high transmission rates, fast transmission speeds, and lower signal loss [1] - At 15GHz, the dielectric constant (Dk) of the EX materials is reported to be 2.54, while the dielectric loss (Df) is 0.0006, indicating that the performance metrics are at an internationally leading level [1] Group 2: Energy Efficiency - The use of EX materials in the production of copper-clad laminates for computing devices has resulted in approximately a 30% reduction in energy consumption year-on-year [1] Group 3: Market Demand - The customer base for EX electronic materials is expanding both domestically and internationally, with applications in various fields, leading to a gradual increase in market demand [1]

Group 1 - The company Meilian New Materials (SZ 300586) announced that as of now, the total amount of external guarantees provided by the company and its subsidiaries is approximately 4.135 billion yuan, with an actual balance of about 460 million yuan, which accounts for 24.05% of the company's audited net assets for 2024 [1] - After providing guarantees, the total amount of external guarantees will rise to approximately 4.14 billion yuan, which represents 216.52% of the company's audited net assets for 2024 and 113.89% of the company's audited total assets for 2024 [1] - The total balance of guarantees provided to entities outside the consolidated financial statements is 38.9447 million yuan, accounting for 2.04% of the company's audited net assets for 2024 [1] Group 2 - For the first half of 2025, the revenue composition of Meilian New Materials is as follows: fine chemicals account for 54.69%, rubber and plastic products account for 38.78%, and battery separators account for 6.53% [1] - The current market capitalization of Meilian New Materials is 7.8 billion yuan [2]

关于控股子公司为其全资子公司提供担保的公告 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：300586 证券简称：美联新材 公告编号：2025-074 广东美联新材料股份有限公司 特别提示： 本次提供担保后，公司及其控股子公司提供担保总额超过最近一期经审计净 资产 100%，敬请投资者关注担保风险。 一、担保情况概述 广东美联新材料股份有限公司（以下简称"公司"）控股子公司辽宁美彩新 材料有限公司（以下简称"美彩新材"）拟为其全资子公司鞍山辉虹颜料科技有 限公司（以下简称"辉虹科技"）向招商银行股份有限公司鞍山分行（以下简称 "招商银行"）申请的 1,000 万元（含等值的其他币种）综合授信额度提供连带 责任保证担保，前述授信期限为 12 个月。 根据《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》的相关规定，本次担保事项属于公司控股子公司为公司合并报表范围内 的法人提供担保，担保人美彩新材已履行了内部审批程序，无需提交公司董事会、 股东会审议。 二、被担保人基本情况 （一）被担保人基本信息 1 / 3 成立日期：201 ...

Core Viewpoint - Meilian New Materials is a leading manufacturer in the plastic masterbatch industry in China and the largest white masterbatch manufacturer in Asia, with a unique advantage as the sole supplier of EX electronic materials in the country [1] Group 1: Business Performance - In Q3 2025, Meilian New Materials reported revenue of 1.247 billion yuan, ranking 12th in the industry, significantly lower than the top competitor, Kingfa Technology, which had revenue of 49.616 billion yuan [2] - The company's net profit for the same period was -61.39 million yuan, placing it at the bottom of the industry rankings, while the industry average net profit was 119 million yuan [2] - The main business composition included color masterbatch at 334 million yuan (38.70%) and trichloroisocyanuric acid at 287 million yuan (33.23%) [2] Group 2: Financial Ratios - As of Q3 2025, Meilian New Materials had a debt-to-asset ratio of 39.14%, which is lower than the industry average of 45.98%, indicating relatively low debt pressure [3] - The gross profit margin for the same period was 6.02%, a significant decrease from 13.90% in the previous year and below the industry average of 14.74%, suggesting a need for improvement in profitability [3] Group 3: Management and Shareholder Information - The chairman, Huang Weishan, received a salary of 447,000 yuan in 2024, an increase of 48,500 yuan from 2023 [4] - As of September 30, 2025, the number of A-share shareholders decreased by 3.11% to 24,300, while the average number of circulating A-shares held per account increased by 3.21% to 22,000 [5] Group 4: Future Outlook - Despite short-term pressure from declining chemical material prices, the company has multiple business advantages that may create new growth opportunities [5] - Key business highlights include expected volume and price increases in trichloroisocyanuric acid consumption post-September, the potential for expanding downstream customers for EX electronic materials, and ongoing projects in the renewable energy and polymer materials sectors [5] - Forecasted revenues for 2025, 2026, and 2027 are 2.119 billion yuan, 3.436 billion yuan, and 5.166 billion yuan, respectively, with corresponding EPS of 0.11, 0.24, and 0.61 yuan [5]

Market Overview - The plastic sector increased by 0.56% on October 29, with Dongcai Technology leading the gains [1] - The Shanghai Composite Index closed at 4016.33, up 0.7%, while the Shenzhen Component Index closed at 13691.38, up 1.95% [1] Top Gainers in Plastic Sector - Dongcai Technology (601208) closed at 21.48, up 5.92% with a trading volume of 1.18 million shares and a transaction value of 253.7 million yuan [1] - Hechang Polymer (920089) closed at 19.57, up 4.32% with a trading volume of 55,100 shares and a transaction value of 106 million yuan [1] - Meilian New Materials (300586) closed at 11.30, up 3.86% with a trading volume of 471,100 shares and a transaction value of 54 million yuan [1] Top Losers in Plastic Sector - Qide New Materials (300995) closed at 44.02, down 6.08% with a trading volume of 36,900 shares and a transaction value of 163 million yuan [2] - Yongli Co. (300230) closed at 5.15, down 3.20% with a trading volume of 385,100 shares and a transaction value of 198 million yuan [2] - Weisaibo (688718) closed at 14.37, down 2.84% with a trading volume of 27,600 shares and a transaction value of 39.99 million yuan [2] Capital Flow Analysis - The plastic sector experienced a net outflow of 311 million yuan from institutional investors, while retail investors saw a net inflow of 126 million yuan [2] - The top stocks with significant net inflows from retail investors include Yongli Co. with 24.64 million yuan and Hechang Polymer with 490,210 yuan [3] - Major stocks with net outflows from institutional investors include Stik (300806) with 71.76 million yuan and Wankai New Materials (301216) with 50.07 million yuan [3]

Core Viewpoint - The company reported that its total operating revenue for the first three quarters remained largely unchanged compared to the same period last year, with significant losses in the third quarter attributed to intense market competition leading to a substantial decline in sales prices of melamine products [1] Group 1 - The company's total operating revenue for the first three quarters is approximately flat year-on-year [1] - The primary reason for the losses in the third quarter is the fierce competition in the melamine product market, resulting in a significant year-on-year price drop [1] - As the peak sales season approaches in the fourth quarter, the prices of melamine have started to gradually recover [1]

Core Viewpoint - The company is currently developing a new specialty resin and fine chemical surfactant project through its subsidiary, Huihong Technology, located in Anshan, Liaoning Province, with an expected completion and production start date in 2026 [1] Company Summary - The project is in the construction phase and is part of the company's strategic expansion in the specialty chemicals sector [1]

Core Viewpoint - The company is experiencing an increase in its foreign customer base for EX electronic materials and is working to accelerate engineering testing processes with domestic clients to achieve early bulk procurement [1] Group 1 - The production and sales of EX electronic materials are currently ramping up [1] - The company is collaborating with domestic downstream clients to expedite the engineering testing process [1] - The goal is to enable domestic clients to start bulk purchasing and usage of the materials as soon as possible [1]

Core Viewpoint - The company is focused on enhancing its core competitiveness and is actively developing its industrial layout in new materials, new energy, and semiconductor materials, aiming to reward investors with excellent performance and requesting patience for its growth and development [1] Company Developments - The company's new energy and polymer materials industrialization project in Xuanhan County, Dazhou, Sichuan, is currently under construction [1] - The project plans to establish an annual production capacity of 300,000 tons of white masterbatch, benefiting from the local abundant and cost-effective resources such as natural gas and sulfur, which will facilitate integrated production from raw materials to finished products [1] - The project is expected to be completed and put into operation by 2026, with the company aiming to rapidly enhance the scale efficiency and global market share of color masterbatch through this initiative [1] - The company is committed to maximizing the profit contribution from this project [1]