证券代码：300731 证券简称：科创新源 公告编号：2025-069 深圳科创新源新材料股份有限公司 关于签署股权收购意向协议的进展公告 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、交易概述 为进一步深化深圳科创新源新材料股份有限公司（以下简称"公司"、"科 创新源"或"甲方"）在高分子材料产业的业务布局，扩大公司在散热产品领域 的应用场景，为公司培育新的营业收入和利润增长点，2024年12月1日，科创新 源与Thermazig Limited（中文名称：斯摩格有限公司，以下简称"乙方1"）、 东莞市兆科电子材料科技有限公司（以下简称"东莞兆科"或"丙方1"，与甲 方、乙方1合称"原意向协议各方"）签署了《股权收购意向协议》（全文简称 "《意向协议》"或"原意向协议"），公司拟以现金方式收购Thermazig Limited 持有的东莞兆科51%的股权，最终收购比例由原意向协议各方协商确定并在正式 交易协议中明确。本次交易的标的公司为东莞兆科，并包含其计划重组后100% 直接或间接持有的子公司昆山兆科电子材料有限公司（以下简称"丙方2"）、 兆科科技 ...

Group 1 - The core point of the news is that Shenzhen Kexin New Materials Co., Ltd. experienced a stock decline of 5.18%, with a current share price of 41.00 CNY and a total market capitalization of 5.184 billion CNY [1] - The company specializes in the research, production, and sales of high-performance special rubber sealing materials, providing comprehensive solutions for waterproofing, insulation, fireproofing, and sealing [1] - The revenue composition of the company includes: 56.03% from heat dissipation metal structural parts, 16.51% from automotive sealing strips, 13.65% from insulation and fireproof materials, 10.82% from waterproof sealing materials, and 2.98% from other products [1] Group 2 - Dongwu Fund has one fund heavily invested in Kexin New Materials, specifically the Dongwu Double Triangle Stock A (005209), which holds 79,000 shares, accounting for 3.74% of the fund's net value [2] - The fund has reported a floating loss of approximately 177,000 CNY as of the current date [2] - The fund has achieved a year-to-date return of 44.82% and a one-year return of 39.65%, ranking 884 out of 4216 and 1158 out of 3896 respectively [2]

Group 1 - A total of 87 stocks were newly covered by institutions this week, with 14 stocks receiving target prices [1] - Naxin Micro was rated "Accumulate" by Guoyuan Securities with a target price of 207 CNY, while its latest closing price was 172.06 CNY [1] - Tengjing Technology received a "Buy" rating from Guojin Securities with a target price of 146.9 CNY, compared to its latest closing price of 109.63 CNY [1] Group 2 - Other notable stocks include Kingsoft Office, Desay SV, Dazhu CNC, and Northern Rare Earth, which were also mentioned in the report [1] - The report includes a detailed table of stocks with their respective institutions, research dates, latest ratings, target prices, and latest closing prices [2] - For instance, Kexin New Source was rated "Buy" by Guotai Junan Securities with a target price of 66.86 CNY, while its latest closing price was 42.73 CNY [2]

Market Overview - The rubber sector experienced a decline of 0.23% on October 31, with Tongcheng New Materials leading the drop [1] - The Shanghai Composite Index closed at 3954.79, down 0.81%, while the Shenzhen Component Index closed at 13378.21, down 1.14% [1] Stock Performance - Notable gainers in the rubber sector included: - Fengwu Co., Ltd. (301459) with a closing price of 43.79, up 8.39% and a trading volume of 46,700 shares, totaling 201 million yuan [1] - Sanwei Equipment (920834) closed at 17.72, up 5.73% with a trading volume of 90,700 shares, totaling 156 million yuan [1] - Yuanxiang New Materials (301300) closed at 42.60, up 4.72% with a trading volume of 26,400 shares, totaling 111 million yuan [1] Capital Flow - The rubber sector saw a net outflow of 188 million yuan from main funds, while retail investors contributed a net inflow of 198 million yuan [2] - The capital flow for specific stocks indicated: - Sanwen Co., Ltd. (002068) had a main fund net inflow of 23.82 million yuan, while retail saw a net outflow of 2.17 million yuan [3] - Longxing Technology (002442) experienced a main fund net inflow of 1.27 million yuan, with retail investors seeing a net outflow of 3.63 million yuan [3]

Core Viewpoint - 科创新源 is a leading player in the high-performance special rubber sealing materials sector in China, providing comprehensive solutions with certain technological advantages [1] Group 1: Business Overview - Founded on January 10, 2008, and listed on December 8, 2017,科创新源 specializes in the R&D, production, and sales of high-performance special rubber sealing materials [1] - The company operates in the basic chemical industry, specifically in rubber and other rubber products, and is involved in sectors such as 5G, data centers, nuclear fusion, superconductivity, and nuclear power [1] Group 2: Financial Performance - For Q3 2025,科创新源 reported revenue of 839 million yuan, ranking 5th among 13 companies in the industry, with the industry leader 三维股份 generating 3.391 billion yuan [2] - The revenue breakdown includes: 303 million yuan from heat dissipation metal structural parts (56.03%), 89.25 million yuan from automotive sealing strips (16.51%), 73.79 million yuan from insulation and fireproof materials (13.65%), and 58.49 million yuan from waterproof sealing materials (10.82%) [2] - The net profit for the same period was 32.96 million yuan, ranking 8th in the industry, with the top performer, 海达股份, achieving a net profit of 170 million yuan [2] Group 3: Financial Ratios - As of Q3 2025, the company's debt-to-asset ratio was 45.32%, higher than the previous year's 42.25% and above the industry average of 33.87% [3] - The gross profit margin for Q3 2025 was 19.12%, down from 21.90% year-on-year and below the industry average of 27.25% [3] Group 4: Shareholder Information - As of September 30, 2025, the number of A-share shareholders increased by 75.52% to 23,400, while the average number of circulating A-shares held per shareholder decreased by 43.03% to 5,131.48 [5] - Notable changes in the top ten circulating shareholders include the exit of 信澳新能源产业股票A and 信澳智远三年持有期混合A [5] Group 5: Future Outlook - 国金证券 forecasts that科创新源 will become a leading supplier of liquid cooling components for servers, with expected revenue from data center heat management reaching 3 million yuan in 2025, 900 million yuan in 2026, and 2 billion yuan in 2027 [5] - The company is expected to achieve total revenues of 1.29 billion yuan in 2025, 2.51 billion yuan in 2026, and 3.90 billion yuan in 2027, with net profits of 40 million yuan, 150 million yuan, and 250 million yuan respectively [5] -浙商证券 highlights a rapid growth in the company's heat management business, with revenue of 311 million yuan in H1 2025, a year-on-year increase of 95% [6]

Market Overview - The rubber sector experienced a decline of 0.56% on October 29, with Tian Tie Technology leading the losses [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] Stock Performance - Li Tong Technology saw a significant increase of 30.00%, closing at 42.90, with a trading volume of 139,900 shares and a transaction value of 536 million [1] - Other notable gainers included Sanwei Equipment (+5.35%), Keqiang Co. (+3.73%), and Zhongyu Technology (+3.53%) [1] - Tian Tie Technology, however, fell by 2.53%, closing at 7.72, with a trading volume of 194,600 shares and a transaction value of 152 million [2] Capital Flow - The rubber sector experienced a net outflow of 113 million from main funds, while retail investors saw a net inflow of 87.95 million [2] - The main funds showed a negative net flow in several stocks, including Sanwei Co. and Tian Tie Technology, indicating a cautious sentiment among institutional investors [3] Individual Stock Analysis - Ke Chuang Xin Yuan had a net inflow of 44.34 million from main funds, but also saw a net outflow from retail investors [3] - Longxing Technology and Yongdong Co. experienced mixed capital flows, with retail investors showing some interest despite overall negative trends in main fund flows [3]

Financial Performance - The company's total revenue for Q3 2025 is 839 million yuan, ranking 9th among disclosed peers [1] - The net profit attributable to shareholders is 27.03 million yuan, ranking 12th among disclosed peers [1] - The net cash inflow from operating activities is 41.36 million yuan, ranking 10th among disclosed peers [1] Financial Ratios - The latest debt-to-asset ratio is 45.32%, ranking 12th among disclosed peers, an increase of 3.07 percentage points compared to the same period last year [3] - The latest gross profit margin is 19.12%, ranking 9th among disclosed peers, a decrease of 2.77 percentage points compared to the same period last year [3] - The latest return on equity (ROE) is 4.37%, ranking 10th among disclosed peers [3] Earnings Per Share - The diluted earnings per share is 0.21 yuan, ranking 9th among disclosed peers [4] Asset Management - The latest total asset turnover ratio is 0.68 times, and the inventory turnover ratio is 4.75 times [5] Shareholder Structure - The number of shareholders is 23,400, with the top ten shareholders holding 45.80 million shares, accounting for 36.22% of the total share capital [5] - The largest shareholder is Shenzhen Kechuang Xinhua Technology Co., Ltd., holding 17.48% [5]

Group 1 - The company Kexin Innovation (SZ 300731) announced on October 29 that the provision for asset impairment will reduce the total profit by 2.5407 million yuan for the first three quarters of 2025, while increasing the parent company's profit by 2.3739 million yuan for the same period [1] - The impairment provision made by the company is unaudited and will be confirmed by the financial data audited by the accounting firm at year-end [1] - For the first half of 2025, the revenue composition of Kexin Innovation is as follows: 44.74% from the new energy sector, 16.51% from the automotive sector, 14.88% from the power sector, 11.97% from the traditional home appliance sector, and 11.9% from the communication sector [1] Group 2 - The A-share market has surpassed 4000 points, marking a significant resurgence after a decade of stagnation, with the technology sector reshaping the market dynamics and initiating a "slow bull" new pattern [1]

Core Viewpoint - The company reported significant growth in both revenue and net profit for the third quarter, indicating strong operational performance and financial health [1] Financial Performance - The company's revenue for the first three quarters reached 839 million, representing a year-on-year increase of 41.45% [1] - The net profit attributable to shareholders for the same period was 27.03 million, showing a remarkable year-on-year growth of 153.29% [1] - The net profit after deducting non-recurring gains and losses was 23.88 million, which reflects an increase of 89.78% year-on-year [1]

深圳科创新源新材料股份有限公司 舆情管理制度 第一章 总则 第一条 为了进一步提高深圳科创新源新材料股份有限公司（以下简称"公 司"）应对各类舆论情况（简称"舆情"）的处理能力，建立快速反应和应急处 置机制，及时、妥善处理各类舆情事件对公司股价、商业信誉、公众形象及正常 生产经营活动等造成的影响，切实保护投资者的合法权益，根据相关法律法规、 规范性文件和《深圳科创新源新材料股份有限公司章程》（以下简称《公司章程》） 的规定，结合公司实际情况，制定本制度。 第二条 本制度适用于公司及公司全资子公司、控股子公司（以下简称"子 公司"）及其他分支机构。 第三条 本制度所称舆情包括： 深圳科创新源新材料股份有限公司 舆情管理制度 2025 年 10 月 （一）报刊、电视、网络等媒体对公司进行的负面报道、不实报道； （二）社会上存在的已经或者将要给公司造成不良影响的传言或者信息； （三）可能或者已经影响社会公众投资者投资取向，造成股价异常波动的信 息； （四）其他涉及公司信息披露且可能对公司股票及其衍生品交易价格产生较 大影响的事件信息。 第四条 舆情信息的分类： （一）重大舆情：指传播范围较广，严重影响公司公众形象或 ...