证券代码：300842 证券简称：帝科股份 公告编号：2025-073 无锡帝科电子材料股份有限公司 关于 2024 年限制性股票激励计划限制性股票 第一个归属期归属结果暨股份上市公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 重要内容提示： 1. 本次限制性股票的归属日为 2025 年 11 月 6 日； 2. 本次归属的限制性股票数量：347.5325万股，占归属前公司总股本的2.45%； 3. 本次归属限制性股票的人数：26 人； 4. 本次归属的限制性股票上市流通日为 2025 年 11 月 6 日，本次归属的限制 性股票不另设限售期。 本次激励计划拟授予激励对象的限制性股票数量为 695.0650 万股，占本次 激励计划草案公布日公司股本总额 14,070.00 万股的 4.94%。本次授予为一次性 授予，无预留权益。 4. 激励对象的范围 本次激励计划涉及的激励对象共计 26 人，包括公司公告本次激励计划时在 公司（含子公司，下同）任职的董事、高级管理人员、董事会认为应当激励的其 他员工，不包括帝科股份独立董事、监事、单独或合计持有公司 5% ...

Group 1 - The core point of the news is that Dike Co., Ltd. experienced a 5.01% drop in stock price, closing at 61.00 CNY per share, with a trading volume of 237 million CNY and a turnover rate of 3.03%, resulting in a total market capitalization of 8.648 billion CNY [1] - Dike Co., Ltd. is located in Yixing City, Jiangsu Province, and was established on July 15, 2010, with its IPO on June 18, 2020. The company specializes in the research, production, and sales of high-performance electronic materials [1] - The main revenue composition of Dike Co., Ltd. includes photovoltaic conductive paste at 74.86%, material sales at 21.31%, storage chips at 2.26%, other at 1.43%, and semiconductor packaging paste at 0.14% [1] Group 2 - From the perspective of fund holdings, one fund under Dongcai Fund has a significant position in Dike Co., Ltd. The Dongcai Value Start Mixed Fund A (018096) held 10,000 shares in the third quarter, accounting for 4.85% of the fund's net value, making it the fourth-largest holding [2] - The Dongcai Value Start Mixed Fund A (018096) was established on March 30, 2023, with a latest scale of 9.0399 million CNY. Year-to-date, it has incurred a loss of 4.42%, ranking 8108 out of 8150 in its category; over the past year, it has lost 11.88%, ranking 8018 out of 8043; and since inception, it has lost 16.56% [2] - The fund manager of Dongcai Value Start Mixed Fund A (018096) is Luo Shen, who has been in the position for 266 days, with total fund assets of 41.6642 million CNY. The best fund return during his tenure is 10.74%, while the worst return is -12.27% [2]

Group 1 - The photovoltaic equipment sector experienced a decline in the afternoon trading session on November 4, with notable drops in stock prices [1] - Hongyuan Green Energy fell over 7%, while Sunshine Power dropped more than 5% [1] - Other companies such as Dike Co., High Measurement Co., and Tongwei Co. also saw declines in their stock prices [1]

Core Viewpoint - The photovoltaic equipment sector experienced a decline in the afternoon trading session, with several companies showing significant drops in their stock prices [1] Company Performance - Hongyuan Green Energy saw a decline of over 7% [1] - Sunshine Power dropped by more than 5% [1] - Other companies such as Dike Co., High Measurement Co., and Tongwei Co. also experienced declines in their stock prices [1]

Core Viewpoint - The stock prices of several companies in the renewable energy sector, including Arctech, Hongyuan Green Energy, and Guosheng Technology, have seen significant increases, indicating a positive market trend in this industry [1] Group 1: Company Performance - Arctech's stock rose by over 10%, reflecting strong investor interest and confidence in the company's future prospects [1] - Hongyuan Green Energy and Guosheng Technology previously reached their upper trading limits, showcasing robust market performance [1] - Other companies such as Trina Solar, DKE, Daqo Energy, Sungrow Power, and JinkoSolar also experienced stock price increases, indicating a broader positive trend across the sector [1]

Core Viewpoint - Dike Co., Ltd. is a leading global manufacturer of photovoltaic conductive silver paste, with strong R&D and production capabilities, making it highly valuable for investment [1] Group 1: Business Performance - In Q3 2025, Dike Co., Ltd. achieved a revenue of 12.724 billion yuan, ranking first among 19 companies in the industry, with the second-ranked company, Folaite, at 12.464 billion yuan [2] - The net profit for the same period was 35.508 million yuan, ranking ninth in the industry, with the top company, Foster, at 668 million yuan [2] Group 2: Financial Ratios - As of Q3 2025, the asset-liability ratio of Dike Co., Ltd. was 81.75%, slightly up from 81.68% year-on-year, significantly higher than the industry average of 49.56% [3] - The gross profit margin for Q3 2025 was 7.78%, down from 9.73% year-on-year, but still above the industry average of 6.43% [3] Group 3: Shareholder Information - As of September 30, 2025, the number of A-share shareholders decreased by 15.23% to 17,100, while the average number of circulating A-shares held per household increased by 17.96% to 7,391.73 [5] Group 4: Growth Prospects - Dike Co., Ltd. is recognized as a leading company in photovoltaic conductive paste, with a recent acquisition of 60% of Zhejiang Suote to strengthen its market position [5] - The semiconductor business is showing growth, with revenue from semiconductor electronic materials reaching 11.54 million yuan in H1 2025, a year-on-year increase of 75.1% [5] - Forecasted net profits for 2025 to 2027 are 204 million, 432 million, and 580 million yuan, with growth rates of -43.2%, 111.47%, and 34.25% respectively [5]

Core Viewpoint - The announcement by the company indicates that it has become the controlling shareholder of Zhejiang Suote, holding 60% of its equity, which will be included in the company's consolidated financial statements [1] Group 1 - The company completed the relevant industrial and commercial change registration procedures on September 9, 2025 [1] - The company has obtained the business license issued by the Anji County Market Supervision Administration [1] - The company now controls the Solamet® photovoltaic silver paste business originally under DuPont Group through Zhejiang Suote [1] Group 2 - The third quarter shipment statistics for the company's paste products now include the shipments from Zhejiang Suote for September [1]

Core Viewpoint - The company adopts a production model based on sales orders and a procurement model based on production, allowing it to mitigate risks associated with silver price fluctuations through pricing strategies and hedging [2]. Group 1: Production and Procurement Models - The company implements a production model that aligns with sales orders and a procurement model that aligns with production needs, placing orders for silver powder on the same day sales orders are received [2]. - The pricing of conductive silver paste products and the main silver powder procurement prices are based on current or similar silver spot prices, enabling the company to pass on the impact of silver price fluctuations to downstream customers [2]. Group 2: Risk Management Strategies - To further reduce the risk of silver price volatility, the company hedges the silver price difference between sales orders and procurement orders using silver futures [2]. - The hedging strategy is closely related to the company's daily operational needs and has a clear business foundation [2]. Group 3: Financial Impact - Fluctuations in silver prices affect several financial statement items, including operating income, operating costs, investment income, and fair value change gains, but do not impact the company's long-term actual operating profits [2]. - During the recent rapid increase in silver prices, the company recognized fair value change losses for silver futures and silver leasing based on the silver spot price at the balance sheet date, while inventory cannot be recognized for appreciation [2].

Core Viewpoint - Dike Co., Ltd. has completed the acquisition of a controlling stake in Zhejiang Suote, marking a significant expansion in its photovoltaic silver paste business through the integration of Solamet® previously owned by DuPont [2] Group 1: Company Developments - On October 29, Dike Co., Ltd. announced that it has become the controlling shareholder of Zhejiang Suote, holding 60% of its equity following the completion of relevant business registration changes [2] - The business registration changes were finalized on September 9, 2025, with the issuance of a business license by the Anji County Market Supervision Administration [2] - The third-quarter statistics for the company's paste shipments now include the shipments from Zhejiang Suote for September [2]

Core Viewpoint - The company is focusing on its storage business segment, with significant acquisitions planned to create a complete storage industry chain [2] Summary by Relevant Sections Acquisitions - The company announced the acquisition of a 51% stake in Yinmeng Holdings by September 2024, followed by a planned acquisition of a 62.5% stake in Jiangsu Jingkai by October 2025 [2] - These acquisitions aim to establish a closed-loop in the storage industry chain [2] Business Operations - Yinmeng Holdings will focus on the application development, design, wafer procurement, and sales of its own brand DRAM storage chips [2] - Jiangsu Jingkai will handle the packaging testing and wafer testing of storage chips, primarily serving Yinmeng Holdings as its main client [2] Integrated Industry Chain - Upon completion of the acquisitions, the company will achieve an integrated industry chain covering "application development design - wafer testing - packaging testing" [2]