Company Overview - Meilian New Materials Co., Ltd. is located in Shantou, Guangdong Province, established on June 20, 2000, and listed on January 4, 2017. The company specializes in the research, production, sales, and technical services of polymer composite coloring materials, providing integrated plastic coloring solutions to customers [1]. Stock Performance - As of August 29, Meilian's stock price increased by 2.14%, reaching 13.82 CNY per share, with a trading volume of 176 million CNY and a turnover rate of 2.44%. The total market capitalization is 9.829 billion CNY [1]. - Year-to-date, Meilian's stock price has risen by 69.78%, with a 13.28% increase over the last five trading days, a 10.83% increase over the last 20 days, and a 34.70% increase over the last 60 days [1]. Financial Performance - For the period from January to June 2025, Meilian reported a revenue of 878 million CNY, reflecting a year-on-year growth of 3.10%. However, the net profit attributable to shareholders was -16.1925 million CNY, a decrease of 146.89% compared to the previous year [2]. Shareholder Information - As of August 20, the number of shareholders for Meilian increased to 23,100, up by 1.54% from the previous period. The average number of circulating shares per person decreased by 1.52% to 23,102 shares [2]. - Since its A-share listing, Meilian has distributed a total of 121 million CNY in dividends, with 35.5608 million CNY distributed over the last three years [3]. Institutional Holdings - As of June 30, 2025, Hong Kong Central Clearing Limited has exited the list of the top ten circulating shareholders of Meilian [3].

证券代码:300586 证券简称:美联新材 公告编号:2025-063 广东美联新材料股份有限公司 关于控股股东部分股份质押及解除质押的公告 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。 广东美联新材料股份有限公司（以下简称"公司"）于近日接到 公司控股股东黄伟汕先生通知，获悉其所持公司部分股份办理了质押 及解除质押手续，具体情况如下： 一、股东股份质押及解除质押的基本情况 | 股 | 是否为控股 | | 占其 | | 是否为 | 是否 | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 东 | 股东或第一 | 本次质押 | 所持 | 占公司 | 限售股 | 为补 | 质押 | 质押 | | 质押 | | | | | | 总股本 | （如是， | | | | 质权人 | | | 名 | 大股东及其 | 数量（股） | 股份 | 比例 | 注明限 | 充质 | 起始日 | 到期日 | | 用途 | | 称 | 一致行动人 | | 比例 | | | 押 ...

Core Viewpoint - Meilian New Materials (300586) reported a mixed financial performance for the first half of 2025, with revenue growth but significant losses in net profit and declining margins [1]. Financial Performance Summary - Total revenue for the first half of 2025 reached 878 million yuan, a year-on-year increase of 3.1% compared to 851 million yuan in 2024 [1]. - The net profit attributable to shareholders was -16.19 million yuan, a decline of 146.89% from a profit of 34.54 million yuan in the previous year [1]. - The gross margin decreased to 7.73%, down 54.11% from 16.84% in 2024, while the net margin turned negative at -3.12%, a drop of 155.54% [1]. - The company reported a significant increase in accounts receivable, which reached 286 million yuan, up 28.24% from 223 million yuan in 2024, representing 799.11% of the net profit [1]. Cash Flow and Debt Analysis - Operating cash flow per share fell to 0.0 yuan, a decrease of 97.81% from 0.14 yuan in the previous year, primarily due to reduced government subsidies received by a subsidiary [1][2]. - Financing cash flow net amount decreased by 102.84%, attributed to a decline in new bank loans [3]. - The company’s cash and cash equivalents saw a net decrease of 307.57%, linked to reduced government subsidies and lower new bank loans [3]. Business Model and Market Position - The company relies heavily on R&D for its business model, with a historical return on invested capital (ROIC) of 1.79% last year, indicating weak capital returns [4]. - Meilian New Materials has entered the M8-level semiconductor materials market through its subsidiary, Huihong Technology, which has developed EX materials [4][5]. - The company is currently the sole provider of EX electronic materials in China, maintaining a high patent barrier against competitors [8]. Product Development and Market Demand - The company plans to expand its production capacity of EX materials to 500 tons per year, adjusting based on market demand [8]. - The performance of EX materials is critical for large enterprises' computing centers, with expected cost savings in power and reduced cooling requirements [10]. - The company’s main products, including color masterbatches and triethyl cyanamide, have seen increased sales volumes, although the price drop in triethyl cyanamide negatively impacted overall performance [11]. Customer Engagement and Future Outlook - The company is currently sending samples to downstream customers, primarily CCL companies, with limited direct supply to PCB manufacturers [12]. - The pricing strategy for EX electronic materials is to maintain stability, with expectations for gradual market adoption as customers complete their testing phases [13].

Group 1: Company Overview and Market Position - Guangdong Meilian New Materials Co., Ltd. has entered the M8-level semiconductor materials market through the acquisition of Huihong Technology, which has been producing EX materials since 2023 [2][3]. - The company is currently the sole provider of EX electronic materials in China, benefiting from high patent barriers [3][4]. Group 2: Product Development and Supply Chain - The EX monomer has been in production for a longer time, with major Japanese and Taiwanese companies purchasing it for M8-level CCL production [3]. - EX resin was developed around the Spring Festival of 2025, with 2-3 clients currently in the engineering testing phase, and expected demand growth in Q4 2025 [3][4]. Group 3: Production Capacity and Future Plans - The company plans to expand its production capacity to 500 tons per year, with adjustments based on market demand and industry trends [3][4]. - The conversion rate from monomer to resin is approximately 50% [3]. Group 4: Competitive Advantages and Market Trends - The EX electronic materials are characterized by low dielectric loss (Df value of 0.0005-0.0006) and low dielectric constant (Dk value of approximately 2.54), making them attractive for large enterprises [4]. - The use of EX materials in CCL is expected to reduce power costs by 30% and lower construction and operational costs for computing centers [4]. Group 5: Financial Performance and Market Outlook - Despite a net profit loss in the first half of the year, the company saw growth in the production and sales of key products, with market share increasing [4]. - The price of key products, particularly trichloroisocyanuric acid, has stabilized after a significant drop, which could positively impact business in the second half of the year [4].

证券日报网讯美联新材（300586）8月27日在互动平台回答投资者提问时表示，公司将按相关规定披露 股东的减持进展情况，敬请关注后续相关公告。 ...

美联新材(300586.SZ)发布2025年半年度报告，该公司营业收入为8.78亿元，同比增长3.10%。归属于上 市公司股东的净亏损为1619.25万元。归属于上市公司股东的扣除非经常性损益的净亏损为816.57万元。 基本每股亏损为0.0228元。 ...

格隆汇8月26日丨美联新材(300586.SZ)公布2025年半年度报告，上半年公司实现营业收入8.78亿元，同 比增长3.10%；归属于上市公司股东的净利润-1619.25万元，同比盈转亏；归属于上市公司股东的扣除 非经常性损益的净利润-816.57万元；基本每股收益-0.0228元。 ...

广东美联新材料股份有限公司2025年半年度非经营性资金占用及其他关联资金往来情况汇总表 法定代表人： 主管会计工作负责人： 会计机构负责人： | 非经营性资金占用 | 资金占用方名称 | 占用方与上市 公司的关联关 | 上市公司核算的 | 2025年期初占用 | 2025年上半年占 用累计发生金额 | 2025年上半年占用 资金的利息（如 | 2025年上半 年偿还累计 | 2025年6月末占用 | 占用形成原因 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | | | | | | | | 占用性质 | | | | 系 | 会计科目 | 资金余额 | （不含利息） | 有） | 发生金额 | 资金余额 | | | | 控股股东、实际控制人及其附 | | | | | | | | | | 非经营性占用 | | 属企业 | | | | | | | | | | 非经营性占用 | | 小计 | - | - | - | | | | | | | - | | 前控股股东、实际控制人及其 | | | | | | | | ...

证券代码：300586 证券简称：美联新材 公告编号：2025-060 广东美联新材料股份有限公司 关于 2025 年半年度报告披露的提示性公告 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。 2025 年 8 月 25 日，广东美联新材料股份有限公司（以下简称"公司"）召 开第五届董事会第七次会议，审议通过了《关于 2025 年半年度报告及其摘要的 议案》。 为使投资者全面了解公司的经营成果和财务状况，公司《2025 年半年度报 告》和《2025 年半年度报告摘要》已于 2025 年 8 月 27 日在中国证监会指定的 创业板信息披露网站巨潮资讯网（http://www.cninfo.com.cn）上披露。 敬请投资者注意查阅。 特此公告。 董事会 广东美联新材料股份有限公司 2025 年 8 月 27 日 1 / 1 ...

证券代码：300586 证券简称：美联新材 公告编号：2025-062 广东美联新材料股份有限公司 关于 2025 年度日常关联交易预计的公告 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。 一、日常关联交易基本情况 （一）日常关联交易概述 鉴于日常经营业务需要，广东美联新材料股份有限公司（以下简称"公 司"或"美联新材"）及其子公司预计 2025 年度将与关联方四川格纯电子材 料有限公司（以下简称"格纯电子"）发生日常关联交易，预计总金额不超 过 2,400 万元。2024 年度公司及其子公司与上述关联方未发生日常关联交易。 2025 年 8 月 25 日，公司第五届董事会第七次会议和第五届董事会审计 委员会第四次会议审议通过了《关于 2025 年度日常关联交易预计的议案》， 关联董事段文勇回避了上述议案的表决。该项议案在提交公司董事会审议前， 已经公司独立董事专门会议审议，全体独立董事一致同意将该项议案提交董 事会审议。 根据《深圳证券交易所创业板股票上市规则》及《公司章程》，本次交 易事项属于董事会审批权限范围，无需提交公司股东会审议。 （二）2025 ...