Group 1: Company Overview - The company specializes in polyurethane new materials (TPU, PUR, PUD, PBS) and functional chemical raw materials (special isocyanates, special amines) [2] - Products are widely used in various sectors including consumer electronics, automotive manufacturing, sports and leisure, high-end equipment, green energy, home life, industrial printing, and food hygiene [2] Group 2: Project Progress - The first phase of the polyurethane industrial park in Henan has successfully established a complete production process, with six products achieving qualified output [2] - The two new fundraising projects commenced construction in Q4 2024, with an 18-month construction period; one project aims for an annual output of 10,000 tons of expandable thermoplastic polyurethane elastomer, while the other targets 30,000 tons of water-based polyurethane [4] Group 3: Market Development - The sales team is actively engaging with target customers through domestic and international exhibitions and visits, establishing a solid foundation for sales efforts [3] - The company’s self-developed foaming TPU is emerging in the footwear sector, characterized by lightweight and high rebound properties, with strong profitability and rapid sales growth [4] Group 4: Future Plans - The second phase of the Henan project will be planned after the first phase stabilizes, with timing dependent on market conditions and company operations [4]

证券代码：300848 证券简称：美瑞新材 公告编号：2025-055 美瑞新材料股份有限公司 关于为子公司提供担保的进展公告 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。 特别风险提示： 本次担保的对象为美瑞新材料股份有限公司（以下简称"公司"）的控股子公司美瑞科 技（河南）有限公司（以下简称"美瑞科技"），美瑞科技的资产负债率超过 70%，敬请广大投 资者注意投资风险。 一、担保情况概述 1、已审批通过的担保额度 公司于 2022 年 3 月 12 日、2022 年 4 月 8 日分别召开了第三届董事会第四次会议、 2021 年年度股东会，审议通过了《关于为子公司提供担保的议案》，同意公司对美瑞科技提 供不超过 8 亿元的担保额度，上述额度适用范围包括但不限于美瑞科技申请及办理各类贷 款、信用证、保函、银行承兑汇票、融资租赁等业务，自公司 2021 年年度股东会审议通过 之日起 7 年内有效，在额度内可循环使用。具体内容详见公司于 2022 年 3 月 15 日在巨潮资 讯网（www.cninfo.com.cn）披露的《关于为子公司提供担保的公告》。 公 ...

Group 1 - The core point of the announcement is the approval of a cash dividend distribution plan by the shareholders' meeting held on May 15, 2025, where the company will distribute a cash dividend of RMB 0.70 per 10 shares, totaling RMB 29,952,133.89, which accounts for the net profit attributable to shareholders for the year 2024 [1][2][3] - The cash dividend distribution will be based on the latest total share capital of 427,887,627 shares, with adjustments made if there are changes in share capital before the implementation date [1][2] - The record date for the dividend distribution is set for May 28, 2025, and the ex-dividend date is May 29, 2025 [2][3] Group 2 - The distribution will be made to all shareholders registered with the China Securities Depository and Clearing Corporation Limited Shenzhen Branch as of the record date [2][3] - The cash dividends will be directly credited to the shareholders' accounts through their securities companies or other custodians [2][3] - The company has made commitments regarding the lock-up period for major shareholders, stating that if the stock price falls below the issue price, the lock-up period will be extended, and the minimum selling price will be adjusted accordingly [3]

证券代码：300848 证券简称：美瑞新材 公告编号：2025-054 美瑞新材料股份有限公司 2024 年年度权益分派实施公告 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、股东会审议通过权益分派方案的情况 1、美瑞新材料股份有限公司（以下简称"公司"或"本公司"）2024 年年度权益分派方 案已获公司于 2025 年 5 月 15 日召开的 2024 年年度股东会审议通过，具体内容为：以公司最 新的总股本 427,887,627 股为基数，向全体股东每 10 股派发现金股利人民币 0.70 元（含税）， 共派发现金股利人民币 29,952,133.89 元（含税），占 2024 年度归属于上市公司股东净利润 77,588,496.69 元的 38.60%。本次分配不进行资本公积金转增股本，不送红股。若公司董事 会审议通过利润分配方案后到方案实施前公司的股本发生变动的，则以实施分配方案时股权 登记日的总股本为基数，公司将按照"现金分红总额固定不变"的原则对分配比例进行调整。 2、自分派方案披露至实施期间公司股本总额未发生变化。 3、本次实施的分派方案与 ...

Group 1: Company Overview - The company is a well-known domestic producer of polyurethane new materials (TPU, PUR, PUD, PBS) and functional chemical raw materials (special isocyanates, special amines) with applications in various fields such as consumer electronics, automotive manufacturing, and green energy [2] Group 2: Project Progress - The first phase of the polyurethane industrial park has successfully completed the entire production process, with six products (HDI, PPDI, CHDI, PNA, PPDA, and CHDA) achieving qualified output [2] - Two new fundraising projects commenced construction in Q4 2024, with an 18-month construction period. The annual production of 10,000 tons of expandable thermoplastic polyurethane elastomer is currently in equipment and pipeline installation, while the 30,000 tons of water-based polyurethane project has completed steel structure construction and is also in the installation phase [3] Group 3: Product Characteristics and Competitive Advantage - The self-developed foamed TPU has lightweight and high rebound characteristics, making it suitable for sports shoe midsoles, with a promising market outlook. The core raw material, HDI, will enhance the competitive advantage of the foamed TPU once the Henan project is operational [3] Group 4: Financing Plans - The simplified procedure for the private placement is a type of directed issuance with a maximum financing scale of 300 million yuan, not exceeding 20% of the net assets at the end of the previous year. The decision must be approved at the annual shareholders' meeting [3] Group 5: Compliance and Communication - During the reception, the company representatives engaged in thorough communication with the visitors, adhering strictly to relevant regulations without any major information leakage [4]

Investment Rating - The investment rating for the company is "Buy" (maintained) [6] Core Views - The company's performance met expectations, with isocyanate products gradually ramping up production, alleviating raw material cost pressures, and smooth progress in downstream projects [1][6] - The company reported a total revenue of 1.658 billion yuan in 2024, with a year-on-year growth of 12.4%, and a net profit attributable to shareholders of 78 million yuan, down 11.7% year-on-year [2][6] - The company is expected to achieve a net profit of 245 million yuan in 2025, representing a significant year-on-year increase of 215.4% [2][6] Financial Data and Profit Forecast - Total revenue forecast for 2025 is 2.006 billion yuan, with a year-on-year growth rate of 21.0% [2] - The projected net profit for 2026 is 403 million yuan, with a year-on-year growth of 64.7% [2] - The company's gross margin is expected to improve to 22.0% in 2025, up from 12.9% in 2024 [2] - The return on equity (ROE) is projected to reach 14.0% in 2025, significantly higher than 5.9% in 2024 [2] Market Data - As of May 20, 2025, the closing price of the company's stock was 17.44 yuan, with a market capitalization of 4.176 billion yuan [3][6] - The price-to-earnings (PE) ratio for 2025 is estimated at 30, which is lower compared to industry peers [2][6] Project Progress and Growth Potential - The company’s TPU products are expected to continue ramping up, with a significant project in Henan progressing smoothly, leading to a substantial increase in production capacity [6] - The first phase of the polyurethane industrial park in Henan is set to be completed by July 16, 2024, which will enhance the company's growth potential [6] - The company anticipates a compound annual growth rate (CAGR) of 58% in net profit from 2025 to 2027, indicating strong future growth prospects [6]

一、募集资金的基本情况 经中国证券监督管理委员会《关于同意美瑞新材料股份有限公司向特定对象发行股票注 册的批复》(证监许可〔2025〕343 号)，并经深圳证券交易所同意，公司 2024 年度以简易程 序向特定对象发行人民币普通股（A 股）13,698,824.00 股，每股发行价 14.38 元，募集资金 总额为 196,989,089.12 元，发行费用（不含税）1,872,665.32 元，募集资金净额为 195,116,423.80 元。 本次募集资金总额扣除中德证券的承销及尚未支付的保荐费用（不含税）人民币 1,084,133.96 元，剩余募集资金人民币 195,904,955.16 元，于 2025 年 3 月 14 日已转入公 司募集资金专户。上述募集资金到位情况经和信会计师事务所（特殊普通合伙）验证，并于 2025 年 3 月 14 日出具了和信验字（2025）第 000008 号《美瑞新材料股份有限公司以简易程 序向特定对象发行股票募集资金验资报告》。 证券代码：300848 证券简称：美瑞新材 公告编号：2025-053 美瑞新材料股份有限公司 关于使用募集资金置换预先已投入募投项目及已 ...

关于美瑞新材料股份有限公司 以募集资金置换预先投入募投项目及已支付发行费用 的自筹资金的专项鉴证报告 关于美瑞新材料股份有限公司 以募集资金置换预先投入募投项目及已支付发行费用 的自筹资金的专项鉴证报告 码 页 录 目 1-2 一、鉴证报告 二、美瑞新材料股份有限公司以募集资金置换预先投入募 3-5 投项目及已支付发行费用的自筹资金的专项说明 和信会计师事务所 (特殊普通合伙) 二〇二五年五月十五日 以募集资金置换预先投入募投项目及已支付发行费用的自筹资金的专项鉴证报告 关于美瑞新材料股份有限公司 以募集资金置换预先投入募投项目及已支付发行费用 的自筹资金的专项鉴证报告 和信专字(2025)第 000347 号 美瑞新材料股份有限公司全体股东: 我们审核了后附的美瑞新材料股份有限公司(以下简称"美瑞新材")管理 层编制的《美瑞新材料股份有限公司关于以募集资金置换预先投入募投项目及已 支付发行费用的自筹资金的专项说明》。 按照中国证券监督管理委员会《上市公司监管指引第2号-上市公司募集资金 管理和使用的监管要求》及《深圳证券交易所上市公司自律监管指引第 2 号一创 业板上市公司规范运作》的规定编制《美瑞新材料股 ...

中德证券有限责任公司 关于美瑞新材料股份有限公司 使用募集资金置换预先已投入募投项目及已支付发行费用 的自筹资金的核查意见 一、募集资金的基本情况 经中国证券监督管理委员会《关于同意美瑞新材料股份有限公司向特定对 象发行股票注册的批复》（证监许可〔2025〕343 号），并经深圳证券交易所同意， 公司 2024 年度以简易程序向特定对象发行人民币普通股（A 股）13,698,824.00 股， 每股发行价 14.38 元，募集资金总额为 196,989,089.12 元，发行费用（不含税） 1,872,665.32 元，募集资金净额为 195,116,423.80 元。 本次募集资金总额扣除中德证券的承销及尚未支付的保荐费用（不含税） 人民币 1,084,133.96 元，剩余募集资金人民币 195,904,955.16 元，于 2025 年 3 月 14 日已转入公司募集资金专户。上述募集资金到位情况经和信会计师事务所 （特殊普通合伙）验证，并于 2025 年 3 月 14 日出具了和信验字（2025）第 000008 号《美瑞新材料股份有限公司以简易程序向特定对象发行股票募集资金 验资报告》。 上述募集资 ...

证券代码：300848 证券简称：美瑞新材 公告编号：2025-051 美瑞新材料股份有限公司 第四届董事会第六次会议决议公告 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。 一、董事会会议召开情况 美瑞新材料股份有限公司（以下简称"公司"）第四届董事会第六次会议于 2025 年 5 月 15 日在公司会议室以现场结合通讯的方式召开。会议通知已于 2025 年 5 月 12 日通过邮件的 方式送达全体董事。本次会议应出席董事 7 人，实际出席董事 7 人。 会议由董事长王仁鸿先生召集并主持，公司高级管理人员列席。本次会议的召开和表决 程序符合相关法律、法规、规范性文件和《公司章程》的有关规定，会议合法、有效。 二、董事会会议审议情况 经各位董事认真审议，形成决议如下： 1、审议通过《关于聘任公司副总经理的议案》 具体内容详见公司同日披露于巨潮资讯网（www.cninfo.com.cn）的《关于聘任公司副 总经理的公告》。 本议案在提交董事会审议前已经公司董事会提名委员会审议通过。 表决结果：7 票同意，0 票反对，0 票弃权。 2、审议通过《关于使用募集资金置 ...