Financial Performance - The company's revenue for Q3 2025 reached ¥298,288,289.32, representing a 37.21% increase year-over-year[5] - Net profit attributable to shareholders was ¥9,429,283.45, up 20.32% compared to the same period last year[5] - The net profit after deducting non-recurring gains and losses was ¥9,429,861.64, reflecting a 9.71% increase year-over-year[5] - The basic earnings per share (EPS) for the period was ¥0.07, a 16.67% increase from the previous year[5] - Operating revenue for the first nine months of 2025 reached ¥838,841,878.90, a 41.45% increase compared to ¥593,040,961.42 in the same period of 2024[13] - Operating profit surged to ¥39,509,497.79, reflecting a 204.16% increase from ¥12,989,721.76 in the previous year, driven by rapid growth in the new energy business[14] - Net profit for the first nine months of 2025 was ¥32,955,739.71, a significant increase of 279.50% from ¥8,683,906.89 in 2024[14] - Total profit for the first nine months of 2025 was ¥37,962,288.28, up 202.33% from ¥12,556,408.81 in the same period last year[14] Cash Flow and Assets - The company's cash flow from operating activities for the year-to-date was ¥41,358,607.13, showing a significant increase of 93.13%[5] - The company's cash and cash equivalents increased by 59.01% to ¥196,516,380.56, attributed to cash inflows from operations and new bank loans[11] - The net increase in cash and cash equivalents was ¥79,491,717.99, a remarkable increase of 9223.99% compared to a decrease of ¥871,238.54 in the previous year[16] - The company's total assets at the end of the reporting period were ¥1,227,411,189.06, a decrease of 1.48% from the end of the previous year[5] - The company’s cash and cash equivalents increased to RMB 196,516,380.56 from RMB 123,588,136.42, representing a growth of 58.8%[34] Liabilities and Financial Expenses - The company’s long-term borrowings decreased by 38.02% to ¥9,700,000.00, primarily due to repayments[11] - Financial expenses rose by 98.85% to ¥10,051,303.78, primarily due to increased bank loan interest and higher discount interest on notes[13] - The company’s total liabilities decreased to RMB 556,223,871.64 from RMB 582,515,237.29, a reduction of 4.5%[36] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 23,420, with the largest shareholder holding 17.48% of the shares[17] - The controlling shareholder and actual controller have pledged a total of 14,340,000 shares, accounting for 11.34% of the company's total share capital of 126,431,804 shares[26] - The former major shareholder, Sanya Rongshengye Fund, reduced its holdings by 178,500 shares, representing 0.14118% of the total share capital[28] Business Operations and Strategy - The company’s main business focuses on the research, production, and sales of polymer materials and thermal management systems, covering sectors such as communication, power, traditional home appliances, automotive, new energy vehicles, and data centers[22] - The company has achieved revenue and profit growth by focusing on the development of thermal management solutions and products in the new energy vehicle and artificial intelligence sectors[22] - The company has successfully completed customer technical certification for European-style guide groove process products, entering mass delivery phase in Q3 2025, leading to rapid revenue growth[23] - The company has strengthened its cooperation with major clients like CATL and expanded its market reach to international clients such as BMW, LG, and Samsung[23] - The company has adopted a dual-driven production model through collaborative manufacturing and independent production and sales in the data center thermal management sector[23] - The company is committed to creating more value for its core customer base by leveraging its existing advantages in polymer materials technology and products[22] Corporate Governance - The company held a shareholder meeting on July 29, 2025, to approve amendments to its articles of association, eliminating the supervisory board and empowering the audit committee of the board of directors[25] - The company has completed the registration and filing procedures for the changes in corporate governance structure during the reporting period[25] Investments and Acquisitions - The company is in the process of acquiring Dongguan Zhaoke Electronic Materials Technology Co., Ltd., with ongoing cooperation and communication between both parties[30] - The subsidiary Shenzhen Hangchuang has filed an appeal against a civil judgment, which is currently under review by the intermediate court[30] - The company’s subsidiary, Ruitek, has signed an investment agreement with the Chongqing Huxi High-tech Industrial Development Zone Management Committee[30] - Ruitek plans to transfer 21% of its stake in Ruiwei Automotive for RMB 3.6 million, reducing its ownership to 30%[30] Other Financial Metrics - The company reported total operating revenue of RMB 838,841,878.90 for the current period, an increase of 41.5% compared to RMB 593,040,961.42 in the previous period[37] - Total operating costs for the current period were RMB 805,237,019.02, up from RMB 574,452,735.26, reflecting a growth of 40.1%[37] - The company’s net profit attributable to shareholders was impacted by a government subsidy of RMB 1.9 million, which accounted for 11.00% of the net profit for the last audited fiscal year[32] - The company’s long-term equity investments increased to RMB 28,184,167.43 from RMB 20,829,660.51, a growth of 35.2%[35] - The company’s inventory decreased to RMB 139,308,492.36 from RMB 146,559,489.89, a decline of 4.9%[34] - The company reported cash inflows from sales of CNY 678,323,169.48, an increase from CNY 517,483,912.02 in the previous period, which is a growth of approximately 31%[40] - The total comprehensive income for the current period is CNY 33,088,773.34, compared to CNY 9,907,351.45 in the previous period, indicating an increase of about 234%[39] - Basic and diluted earnings per share have both increased to CNY 0.21 from CNY 0.08, representing a growth of 162.5%[39] - The cash flow from operating activities has improved to CNY 41,358,607.13, up from CNY 21,414,893.64, reflecting a growth of about 93%[40] - The company has reported a significant decrease in credit impairment losses, which are CNY 3,269,354.48 compared to CNY 659,984.94 in the previous period[38]

2、本次股东会不涉及变更前次股东会决议。 证券代码：300731 证券简称：科创新源 公告编号：2025-064 深圳科创新源新材料股份有限公司 2025 年第三次临时股东会决议公告 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。 特别提示： 1、本次股东会无否决议案的情形； 一、会议召开和出席情况 1、会议召开的日期、时间： （1）现场会议召开时间：2025 年 10 月 27 日（星期一）15:00； （2）网络投票时间：2025 年 10 月 27 日（星期一）： 通过深圳证券交易所交易系统进行网络投票的具体时间为：2025 年 10 月 27 日 9:15-9:25、9:30-11:30，13:00-15:00； 通过深圳证券交易所互联网投票系统进行网络投票的具体时间为：2025 年 10 月 27 日 9:15 至 15:00 期间的任意时间。 2、会议召开方式：本次会议采用现场表决与网络投票相结合的方式召开。 3、会议召开地点：深圳市光明区新湖街道同富裕工业园富川科技工业园 2 号厂房 1 楼会议室。 4、会议召集人：公司第四届董事会。 5、会议主 ...

北京市朝阳区建外大街甲 14 号广播大厦 5/9/10/13/17 层 北京海润天睿律师事务所 关于深圳科创新源新材料股份有限公司 2025 年第三次临时股东会的法律意见书 致：深圳科创新源新材料股份有限公司 北京海润天睿律师事务所（以下简称"本所"）接受深圳科创新源新材料 股份有限公司（以下简称"公司"）的委托，指派本所律师出席公司 2025 年第 三次临时股东会（以下简称"本次会议"），并出具本法律意见书。 本所律师根据《中华人民共和国公司法》（以下简称《公司法》）、《中 华人民共和国证券法》（以下简称《证券法》）、《上市公司股东会规则》（以 下简称《股东会规则》）、《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》）及其他相关法律、法规的规定，就公司本次会议的召集和召开 程序、召集人和出席人员的资格、表决程序及表决结果发表法律意见。 关于本法律意见书，本所及本所律师谨作如下声明： 1. 在本法律意见书中，本所及本所律师仅就本次会议的召集和召开程序、召集 人和出席人员的资格、表决程序以及表决结果进行核查和见证并发表法律意 见，并不对本次会议审议的议案内容以及该等议案所表述的事实或数据的真 实性 ...

Market Overview - The rubber sector increased by 2.0% on October 27, with Kexin Innovation leading the gains [1] - The Shanghai Composite Index closed at 3996.94, up 1.18%, while the Shenzhen Component Index closed at 13489.4, up 1.51% [1] Top Performers in Rubber Sector - Kexin Innovation (300731) closed at 46.43, up 8.79%, with a trading volume of 180,400 shares and a turnover of 831 million [1] - Zhen'an Technology (300767) closed at 22.32, up 8.56%, with a trading volume of 215,100 shares and a turnover of 470 million [1] - Tongcheng New Materials (603650) closed at 43.40, up 4.28%, with a trading volume of 377,800 shares and a turnover of 1.691 billion [1] Underperformers in Rubber Sector - KQ Co., Ltd. (920665) closed at 13.31, down 1.63%, with a trading volume of 13,200 shares and a turnover of 17.496 million [2] - Yanggu Huatai (300121) closed at 15.94, down 1.48%, with a trading volume of 284,100 shares and a turnover of 46 million [2] - Sanwei Equipment (920834) closed at 15.62, down 1.33%, with a trading volume of 26,600 shares and a turnover of 41.6175 million [2] Capital Flow Analysis - The rubber sector experienced a net outflow of 4.703 million from main funds, while speculative funds saw a net inflow of 9.5428 million, and retail investors had a net outflow of 4.8398 million [2][3] - Kexin Innovation had a main fund net inflow of 16.7754 million, while retail investors had a net inflow of 2.36898 million [3] - Zhen'an Technology saw a main fund net inflow of 7.9603 million, but speculative funds had a net outflow of 28.3319 million [3]

Group 1 - The company holds a 20% stake in Ningbo Jiayuan Xinde Venture Capital Co., Ltd. [2] - The company does not have any other venture capital-related businesses at this time [2] - The company expressed gratitude for investor interest and reminded to pay attention to investment risks [2]

Market Overview - The rubber sector experienced a decline of 0.41% on October 22, with Li Tong Technology leading the drop [1] - The Shanghai Composite Index closed at 3913.76, down 0.07%, while the Shenzhen Component Index closed at 12996.61, down 0.62% [1] Stock Performance - Notable gainers in the rubber sector included: - Zhongyu Technology (code: 920694) with a closing price of 26.97, up 7.58% and a trading volume of 189,100 shares, totaling 553 million yuan [1] - Kexin New Source (code: 300731) closed at 43.70, up 1.94% with a trading volume of 80,600 shares, totaling 352 million yuan [1] - Other stocks with minor gains included: - Sanwei Co. (code: 603033) up 1.22% [1] - Fengmao Co. (code: 301459) up 0.72% [1] Fund Flow Analysis - The rubber sector saw a net inflow of 4.90 million yuan from institutional investors, while retail investors experienced a net outflow of 11.17 million yuan [2] - Key stocks with significant fund flow included: - Kexin New Source with a net inflow of 44.28 million yuan from institutional investors [3] - Sanwei Co. with a net inflow of 11.07 million yuan from institutional investors [3] - Retail investors showed a negative trend in several stocks, including: - Fengmao Co. with a net outflow of 384.41 million yuan [3] - Yongdong Co. with a net outflow of 245.91 million yuan [3]

Core Viewpoint - Yongjie New Materials (603271) has confirmed its mature application of liquid cooling plate materials in solid-state battery cooling technology, indicating a stable mass production and integration into major domestic manufacturers' supply chains [1] Group 1: Company Developments - Yongjie New Materials has established a partnership in solid-state battery cooling technology, showcasing its liquid cooling plate materials [1] - The company's products are compatible with solid-state battery applications and have achieved stable mass production [1] Group 2: Market Position - Yongjie New Materials' liquid cooling plate materials have been integrated into the supply chains of major domestic manufacturers such as Sanhua Intelligent Controls (002050) and Kexin New Energy (300731) [1]

Core Insights - The stock price of Kexin New Source has increased by 103.25% year-to-date, with a recent rise of 2.08% on October 22, reaching 43.76 CNY per share [1][2] - The company reported a significant year-on-year revenue growth of 43.90% and a net profit increase of 520.71% for the first half of 2025 [3] Financial Performance - As of June 30, 2025, Kexin New Source achieved a revenue of 541 million CNY and a net profit of 17.6 million CNY [3] - The company has distributed a total of 87.3 million CNY in dividends since its A-share listing, with 22.8 million CNY distributed in the last three years [4] Shareholder Information - The number of shareholders decreased by 11.71% to 13,300 as of June 30, 2025, while the average number of circulating shares per shareholder increased by 13.26% to 9,006 shares [3] - New institutional shareholders include Xin'ao New Energy Industry Stock A and Xin'ao Zhiyuan Three-Year Holding Period Mixed A, holding 2.2 million shares and 963,400 shares respectively [4] Business Overview - Kexin New Source specializes in the research, production, and sales of high-performance special rubber sealing materials, providing comprehensive solutions for waterproofing, insulation, fireproofing, and sealing [2] - The company's main revenue sources include heat dissipation metal structural parts (56.03%), automotive sealing strips (16.51%), insulation and fireproof materials (13.65%), and waterproof sealing materials (10.82%) [2]

Core Insights - The rubber sector experienced a rise of 1.95% on October 21, with Zhongyu Technology leading the gains [1] - The Shanghai Composite Index closed at 3916.33, up 1.36%, while the Shenzhen Component Index closed at 13077.32, up 2.06% [1] Sector Performance - Zhongyu Technology (code: 920694) saw a significant increase of 29.96%, closing at 25.07 with a trading volume of 96,500 shares and a transaction value of 234 million yuan [1] - Yanggu Huatai (code: 300121) increased by 6.37%, closing at 16.02 with a trading volume of 287,100 shares and a transaction value of 454 million yuan [1] - Other notable performers include: - Sanwei Equipment (code: 920834) up 5.81% to 15.67 [1] - Keqiang Co., Ltd. (code: 920665) up 4.46% to 13.58 [1] - Tiantie Technology (code: 300587) up 3.24% to 7.65 [1] Capital Flow - The rubber sector saw a net inflow of 61.99 million yuan from main funds, while retail funds experienced a net outflow of 21.72 million yuan [3] - Speculative funds had a net outflow of 40.27 million yuan [3]

Core Viewpoint - The stock of Shenzhen Kexin New Materials Co., Ltd. has shown significant performance, with a year-to-date increase of 97.72% and a recent market capitalization of 5.38 billion yuan [1][2]. Company Overview - Shenzhen Kexin New Materials Co., Ltd. was established on January 10, 2008, and listed on December 8, 2017. 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 [2]. - The main revenue components include: 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 [2]. Financial Performance - For the first half of 2025, the company achieved operating revenue of 541 million yuan, representing a year-on-year growth of 43.90%. The net profit attributable to shareholders was 17.60 million yuan, a significant increase of 520.71% [2]. - Cumulative cash dividends since the A-share listing amount to 87.28 million yuan, with 22.76 million yuan distributed over the past three years [3]. Shareholder Information - As of June 30, 2025, the number of shareholders is 13,300, a decrease of 11.71% from the previous period. The average circulating shares per person increased by 13.26% to 9,006 shares [2]. - Notable new institutional shareholders include Xin'ao New Energy Industry Stock A and Xin'ao Zhiyuan Three-Year Holding Period Mixed A, holding 2.21 million shares and 963,400 shares respectively [3].