Core Viewpoint - Meilun New Materials (300586.SZ) has indicated that its EX products can be used for manufacturing high-end chip packaging substrates, but currently, there is no cooperation intention with Micron Technology [1] Company Summary - Meilun New Materials specializes in EX products that are applicable in the high-end chip packaging sector [1] - The company has not established any partnership with Micron Technology at this time [1] Industry Summary - The high-end chip packaging market is critical for advanced semiconductor manufacturing, highlighting the importance of companies like Meilun New Materials in this space [1]

Core Viewpoint - Meilun New Materials (300586.SZ) has indicated that its EX products can be used for manufacturing high-end chip packaging substrates, but currently, there is no cooperation intention with Micron Technology [1] Group 1 - The company’s EX products are positioned for high-end chip packaging applications [1] - There is no existing collaboration or partnership with Micron Technology at this time [1]

Group 1 - The company is exploring expansion plans for its new EX electronic materials in response to market demand [1] - The new production capacity for EX electronic materials is being studied based on the development of the PCB industry [1]

Core Viewpoint - Meilian New Materials Co., Ltd. has shown a mixed performance in stock price and financial results, with a notable increase in stock price year-to-date but a decline in net profit for the recent period [1][2]. Financial Performance - As of September 10, 2025, Meilian New Materials reported a revenue of 878 million yuan, representing a year-on-year growth of 3.10%. However, the net profit attributable to shareholders was -16.19 million yuan, a significant decrease of 146.89% compared to the previous year [2]. - The company has distributed a total of 121 million yuan in dividends since its A-share listing, with 35.56 million yuan distributed over the last three years [3]. Stock Market Activity - On September 22, the stock price of Meilian New Materials increased by 2.01%, reaching 11.15 yuan per share, with a trading volume of 101 million yuan and a turnover rate of 1.72%. The total market capitalization stood at 7.93 billion yuan [1]. - The stock has experienced a year-to-date increase of 36.98%, a 5-day increase of 3.24%, a 20-day decline of 12.82%, and a 60-day increase of 4.50% [1]. Shareholder Information - As of September 10, 2025, the number of shareholders increased to 25,400, reflecting a rise of 7.51%. The average number of circulating shares per person decreased by 6.99% to 21,014 shares [2]. - As of June 30, 2025, Hong Kong Central Clearing Limited exited the list of the top ten circulating shareholders [3]. Business Overview - Meilian New Materials, established on June 20, 2000, and listed on January 4, 2017, specializes in the research, production, sales, and technical services of polymer composite coloring materials, providing integrated solutions for plastic coloring [1]. - The company's main revenue sources include color masterbatches (38.70%), melamine (33.23%), other (17.88%), battery separators (6.55%), and high-performance colorants (3.63%) [1].

Group 1 - The company held an earnings briefing on September 19, 2023, discussing project progress and business layout with investors [1] - The Dazhou project is expected to begin trial production in September 2026, with a focus on cost advantages despite rising raw material prices [1] - The company's color masterbatch business has a gross margin of only 11%, significantly lower than competitors, prompting efforts to enhance product competitiveness [2] Group 2 - The company is involved in a partnership with Starry Sodium Electric, which is exploring the use of Prussian blue cathode materials for sodium-ion batteries, although no procurement details were confirmed [3] - The EX electronic materials have been validated for HBM stacking packaging, with applications in high-frequency copper-clad laminates for AI servers, and are already part of the supply chain for NVIDIA [4] - The company plans to expand EX electronic materials production capacity in response to market potential, despite limited sales in the first half of the year [4][5] Group 3 - The company is making progress with Prussian blue cathode materials, aiming for mass production and sales in upcoming projects [5] - The company is implementing cost reduction and efficiency improvement measures at its Anhui subsidiary to enhance sales revenue [4] - The Sichuan Xuanhan project is currently under construction and has not yet commenced production [4]

Group 1: Financial Performance and Market Position - The price of titanium dioxide has decreased while raw material costs, particularly sulfur, have increased significantly [2][3] - The gross profit margin for Meilian is only 11%, compared to over 20% for competitors Ningbo Color Masterbatch and Baolidi, indicating weaker profitability [2][3] - The company aims to enhance product competitiveness through the completion of the Dazhou project, which is expected to start trial production in September 2026 [3] Group 2: Project Developments and Strategic Partnerships - The Dazhou project benefits from local natural gas and sulfur resources, providing a cost advantage in titanium dioxide production [3] - The company has established a partnership with Starry Sodium Electric for a 10 billion yuan collaboration, focusing on sodium-ion battery projects [3][5] - The EX electronic materials have passed HBM stacking packaging verification, with applications primarily in overseas supply chains [4][6] Group 3: Production Capacity and Future Plans - The production capacity for EX electronic materials is currently 200 tons, with plans for expansion based on PCB industry developments [6][7] - The company is actively pursuing cost reduction and efficiency improvement strategies to enhance sales revenue in the second half of the year [6] - The new energy and polymer materials project in Xuanhan County is still under construction and has not yet generated trial production revenue [6][7] Group 4: Product Applications and Market Potential - The EX electronic materials are crucial for high-speed data transmission and are being applied in AI servers, communication fields, and semiconductor packaging [6] - The company’s Prussian blue cathode materials are progressing well, with plans for mass production and sales in the near future [6][7] - The EX materials have been successfully applied in NVIDIA's supply chain for AI servers [6][7]

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]. Financial Performance - As of September 10, 2025, Meilian New Materials reported a revenue of 878 million yuan for the first half of 2025, representing a year-on-year increase of 3.10%. However, the net profit attributable to shareholders was -16.19 million yuan, a significant decrease of 146.89% compared to the previous year [2]. - The company has distributed a total of 121 million yuan in dividends since its A-share listing, with 35.56 million yuan distributed over the past three years [3]. Stock Performance - On September 19, Meilian New Materials' stock price decreased by 2.00%, trading at 10.77 yuan per share, with a total market capitalization of 7.66 billion yuan. The stock has increased by 32.31% year-to-date, but has seen a decline of 1.46% over the last five trading days and 11.72% over the last 20 days [1]. - The company had 25,400 shareholders as of September 10, 2025, an increase of 7.51% from the previous period, while the average number of circulating shares per person decreased by 6.99% to 21,014 shares [2]. Business Segments - The main revenue sources for Meilian New Materials include color masterbatches (38.70%), melamine (33.23%), other (17.88%), battery separators (6.55%), and high-performance colorants (3.63%) [1]. Shareholder Structure - As of June 30, 2025, Hong Kong Central Clearing Limited has exited the list of the top ten circulating shareholders of Meilian New Materials [3]. Market Position - Meilian New Materials is classified under the Shenwan industry as basic chemicals - plastics - modified plastics, and is associated with concepts such as small-cap, low-altitude economy, specialized and innovative, melt-blown fabric, and margin financing [1].

股东张盛业保证向本公司提供的信息内容真实、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：2025-069 广东美联新材料股份有限公司 关于股东股份减持计划期满暨实施情况的公告 本公司及董事会全体成员保证公告内容与信息披露义务人提供的 信息一致。 广东美联新材料股份有限公司（以下简称"公司"）于 2025 年 5 月 27 日披 露了《关于持股 5%以上股东减持计划的预披露公告》（公告编号：2025-045），公 司股东张盛业先生计划自减持计划披露之日起 15 个交易日后的 3 个月内（2025 年 6 月 18 日-2025 年 9 月 17 日）通过集中竞价方式减持股份不超过公司总股本 1%，即不超过 7,112,166 股，通过大宗交易方式减持股份不超过公司总股本的 2%， 即 不 超 过 14,224,332 股 。 具 体 内 容 详 见 公 司 在 巨 潮 资 讯 网 （http://www.cninfo.com.cn）披露的相关公告。 近日，公司收到张盛业先生出具的《关于股份减持计划实施情况的告知函》， 截至 2025 年 9 月 17 ...

广东美联新材料股份有限公司 简式权益变动报告书 上市公司名称：广东美联新材料股份有限公司 上市地点：深圳证券交易所 股票简称：美联新材 股票代码：300586 信息披露义务人：张盛业 住所：广东省汕头市龙湖区珠池街道****** 通讯地址：广东省汕头市美联路 1 号 股份变动性质：股份被动增持、减持及被动稀释导致持股比例变化 签署日期：2025 年 9 月 17 日 信息披露义务人声明 一、本报告书系依据《中华人民共和国证券法》（以下简称"《证券法》"）、 《上市公司收购管理办法》（以下简称"《收购办法》"）、《公开发行证券的公 司信息披露内容与格式准则第 15 号——权益变动报告书》（以下简称"《准则 15 号》"）及其他相关法律、法规和规范性文件编制。 二、信息披露义务人签署本报告书已获得必要的授权和批准。 三、依据《证券法》《收购办法》的规定，本报告书已全面披露信息披露义务 人在广东美联新材料股份有限公司拥有权益的股份变动情况； 截至本报告书签署之日，除本报告书披露的信息外，上述信息披露义务人没有 通过任何其他方式增加或减少其在广东美联新材料股份有限公司中拥有权益的股份。 四、本次权益变动是根据本报告书 ...

广东美联新材料股份有限公司 证券代码：300586 证券简称：美联新材 公告编号：2025-068 3、本次权益变动不触及要约收购，不会导致公司控股股东及实际控制人发 生变化，不会对公司治理结构及持续经营产生重大影响。 广东美联新材料股份有限公司（以下简称"公司"或"美联新材"）于近日 收到原持股 5%以上股东张盛业先生（以下简称"信息披露义务人"）出具的《简 式权益变动报告书》，本次权益变动系因公司实施权益分派、资本公积金转增股 本、可转债转股、向特定对象发行股票和减持股份导致信息披露义务人持股数量 增加或持股比例减少，使其持股比例由原来的 12.04%降低至 4.999995%，并触及 1%的整倍数。现将本次权益变动的具体内容公告如下： 1 / 4 关于持股 5%以上股东持股比例降至 5%以下暨披露简式权益变动 报告书的提示性公告 本公司及董事会全体成员保证信息披露的内容真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 特别提示: 1、本次权益变动属于： （1）因公司实施权益分派和资本公积金转增股本导致原持股 5%以上股东张 盛业先生持股数量增加； （2）因自身资金需求、年龄及身体原因减持股份、公 ...