Company Overview - Yangfan New Materials Co., Ltd. is located in Hangzhou, Zhejiang Province, and was established on December 24, 2002. The company was listed on April 12, 2017. Its main business involves the research, production, and sales of photoinitiators and thiol compounds and their derivatives [1][2]. Financial Performance - For the first half of 2025, Yangfan New Materials achieved operating revenue of 473 million yuan, representing a year-on-year growth of 47.93%. The net profit attributable to the parent company was 23.14 million yuan, showing a significant year-on-year increase of 208.94% [2]. - Since its A-share listing, the company has distributed a total of 128 million yuan in cash dividends, with no dividends paid in the last three years [3]. Stock Performance - As of September 12, Yangfan New Materials' stock price increased by 2.06%, reaching 13.89 yuan per share, with a trading volume of 121 million yuan and a turnover rate of 3.77%. The total market capitalization is 3.261 billion yuan [1]. - Year-to-date, the stock price has risen by 50.98%, with a recent 5-day increase of 1.09%, a 20-day decline of 11.75%, and a 60-day increase of 32.41% [1]. Shareholder Information - As of August 29, the number of shareholders for Yangfan New Materials reached 27,500, an increase of 52.80% compared to the previous period. The average number of circulating shares per person decreased by 34.56% to 8,521 shares [2]. Capital Flow - The net inflow of main funds was 3.9885 million yuan, with large orders accounting for 20.55% of total purchases and 17.39% of total sales. The last appearance on the trading leaderboard was on August 12, with a net purchase of 28.63 million yuan [1].

Core Viewpoint - Yangfan New Materials (300637) has not yet identified the application of its thiol compounds in solid-state battery technology, focusing instead on pharmaceutical and pesticide intermediates, as well as light-curing new materials [1] Company Summary - The company responded to investor inquiries on September 11, indicating a lack of awareness regarding the use of its thiol compounds in solid-state batteries [1] - The primary applications of the company's thiol compounds are in the pharmaceutical and pesticide sectors, along with light-curing new materials [1]

Group 1 - The company has not identified any application of its thiol compounds in solid-state batteries [2] - The primary applications of the company's thiol compounds are in pharmaceutical and pesticide intermediates, as well as in light-curing new materials [2]

Group 1 - The company, Yangfan New Materials, reported that as of August 29, 2025, the total number of shareholders is 27,518 [1]

Core Insights - The photoinitiator industry is characterized by dual features of "technology iteration driving demand upgrade and supply contraction reshaping market structure" [1] - The global manufacturing industry's shift towards precision and intelligence is increasing the penetration of photopolymerization technology, with China expected to see its production rise from 50,500 tons in 2022 to 59,000 tons in 2024 [1][11] - The market is projected to exceed 9 billion yuan by 2030, with a compound annual growth rate of 9.3% from 2024 to 2030 [1][12] Industry Overview - Photoinitiators are key compounds that absorb energy under specific wavelengths of light to initiate chemical reactions, transforming liquid resins into solid polymer networks [2][3] - The industry is experiencing significant growth due to innovations such as the widespread adoption of UV LED light sources and breakthroughs in water-based systems [1][9] Supply and Demand Dynamics - The supply side is facing a contraction of 12%-18% due to environmental regulations and safety incidents leading to the shutdown of companies like Ningxia Wokailong and Yangfan New Materials [1][11] - The demand side is driven by the transition of global manufacturing towards precision and intelligence, with demand expected to reach approximately 45,000 tons by 2025 [1][11] Competitive Landscape - The market is dominated by leading companies such as Jiu Ri New Materials and Qiangli New Materials, which hold a combined market share of 52.7% in the mid-to-low-end market [1][12] - Foreign companies like IGM dominate over 30% of the profit space through high-end products, creating a "low-end internal competition, high-end monopoly" scenario [1][12] Future Trends - The industry is expected to evolve along three main paths: technological advancement (visible light response and bio-based materials), market globalization (accelerated domestic substitution and deepening Southeast Asia layout), and ecological industrialization (low-carbon process transformation and regional standard co-construction) [1][15] - Innovations in photoinitiators are anticipated to enhance curing efficiency by 30% and reduce energy consumption by 40% [1][15]

Group 1 - Company announced the signing of a "Maximum Guarantee Contract" with Shanghai Pudong Development Bank Hangzhou Branch to support its operational needs [1] - The contract allows for financing activities with a maximum debt principal balance of 80 million RMB, guaranteed by the company's wholly-owned subsidiary Jiangxi Yangfan New Materials Co., Ltd [1] - As of the announcement date, the total guarantee amount approved for subsidiaries is 250 million RMB, accounting for 36.7% of the company's audited net assets as of the end of 2024 [1] Group 2 - The company's market capitalization is currently 3.4 billion RMB [2]

证券代码：300637 证券简称：扬帆新材 公告编号：2025-037 扬帆新材料（浙江）股份有限公司 2025 年第一次临时股东会决议公告 本公司及董事会除樊培仁先生外的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.本次股东会未出现否决议案的情况； 2.本次股东会无涉及变更以往股东会已通过的决议； 3.本次股东会以现场投票和网络投票相结合的方式召开。 一、会议召开和出席情况 （一）会议召开情况 1、现场会议召开时间：2025 年 8 月 29 日（星期五）下午 14:00 点； 2、网络投票时间：①通过深圳证券交易所（以下简称"深交所"）交易系统 进 行 网 络 投 票 的 具 体 时 间 为 ： 2025 年 8 月 29 日 9:15-9:25,9:30-11:30 和 13:00-15:00；②通过深交所互联网投票系统投票的具体时间为：2025 年 8 月 29 日 9:15-15:00。 3、现场会议召开地点：浙江省杭州市滨江区信诚路 31 号扬帆大厦三楼会议 室 4、会议召集人：公司董事会 5、会议召开方式：现场投票和网络投票相结合的方式 6、 ...

特此公告。 扬帆新材料（浙江）股份有限公司董事会 证券代码：300637 证券简称：扬帆新材 公告编号：2025-039 扬帆新材料（浙江）股份有限公司 关于选举第五届董事会职工代表董事的公告 本公司及董事会除樊培仁先生外的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。 扬帆新材料（浙江）股份有限公司（以下简称"公司"或"扬帆新材"）于 2025 年 8 月 11 日和 2025 年 8 月 29 日分别召开第五届董事会第四次会议和 2025 年第一次临时股东会，审议通过了《关于修订<公司章程>的议案》。根据新修订 的《公司章程》，公司董事会由七名董事组成，其中包括一名职工代表董事。根 据相关法规要求，公司于当日召开职工代表大会，选举何方静女士（简历详见附 件）为公司第五届董事会职工代表董事，任期自公司 2025 年第一次临时职工代 表大会审议通过之日起至公司第五届董事会任期届满之日止。 截至本公告披露日，何方静女士未持有公司股份。何方静女士符合《公司法》 《深圳证券交易所创业板股票上市规则》等相关法律法规及《公司章程》规定的 任职资格，不存在《公司法》规定的不得担任公司董 ...

关于扬帆新材料（浙江）股份有限公司 2025年第一次临时股东会法律意见书 浙六和法意(2025)第1571号 致:扬帆新材料（浙江）股份有限公司 浙江六和律师事务所 根据《中华人民共和国公司法》（下称"《公司法》"）《中华人民共和国证 券法》（下称"《证券法》"）和中国证券监督管理委员会发布的《上市公司股东 会规则》（下称"《规则》"）等法律法规、规范性文件以及《扬帆新材料（浙江） 股份有限公司章程》（下称"《公司章程》"）《扬帆新材料（浙江）股份有限公 司股东会议事规则》（下称"《议事规则》"）的规定，浙江六和律师事务所接受 扬帆新材料（浙江）股份有限公司 (以下简称"公司")委托，指派金文杰律师、宁 平律师(以下简称"本所律师")出席公司于2025年8月29日14:00在浙江省杭州市滨 江区信诚路31号扬帆大厦三楼会议室召开的2025年第一次临时股东会（下称"本 次股东会"），对本次股东会的召集、召开程序、出席会议人员资格、会议表决 方式和程序以及会议决议的有效性等事宜出具本法律意见书。 为出具本法律意见书，本所律师对本次股东会所涉及的有关事项进行了审查， 查阅了本所律师认为出具本法律意见书所必需的文件、 ...

证券代码：300637 证券简称：扬帆新材 公告编号：2025-038 扬帆新材料（浙江）股份有限公司 第五届董事会第五次会议决议公告 本公司及董事会除樊培仁先生外的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、董事会召开情况 扬帆新材料（浙江）股份有限公司第五届董事会第五次会议于 2025 年 8 月 29 日下午在杭州市滨江区信诚路 31 号扬帆大厦三楼会议室召开。为保证董事会 工作的衔接性和连贯性，经征得各董事同意，会议通知于 2025 年 8 月 29 日召开 股东会并获取股东会表决结果后以现场方式送达各位董事。本次会议以现场表决 方式召开，会议应出席董事 7 名，实际出席董事 6 名，董事樊培仁先生因被留置， 缺席本次会议。 2、审议通过《关于选举公司第五届董事会专门委员会委员及召集人的议案》 根据《公司法》、《深圳证券交易所创业板股票上市规则》等法律法规、规范 性文件及《公司章程》的相关规定，董事会选举董事会成员担任公司第五届董事 会各专门委员会委员，任期自本次董事会审议通过之日起至第五届董事会届满之 日止。各委员会具体选举与组成成员如下： （1）战略委员 ...