Group 1 - The company announced that its first extraordinary general meeting for 2025 will be held on September 1, 2025 [2] - The meeting will review and approve the proposal regarding the adjustment of the board of directors' size and the amendment and registration of business changes [2]

证券代码：300905 证券简称：宝丽迪 公告编号：2025-048 苏州宝丽迪材料科技股份有限公司 2025年第一次临时股东会决议的公告 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、本次股东会未出现否决议案的情形。 2、本次股东会未涉及变更以往股东会已通过的决议。 一、会议召开和出席情况 1、会议时间： （1）现场会议召开时间：2025年9月1日（星期一）下午14:00； （2）网络投票时间： 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9月1日上 午9：15-9：25，9：30-11：30，下午13：00-15：00； 通过深圳证券交易所互联网投票系统投票的具体时间为：2025年9月1日上午 9：15-下午15：00期间的任意时间。 2、会议地点：苏州市相城区北桥街道徐家观路29号，苏州宝丽迪材料科技 股份有限公司八楼会议室。 3、会议召开方式：采取现场投票与网络投票相结合的方式。 4、会议召集人：公司董事会。 5、会议主持人：公司董事徐毅明先生。 6、本次股东会的召开符合有关法律、行政法规、部门规章、规范性文件和 《 ...

江苏新苏律师事务所 关于苏州宝丽迪材料科技股份有限公司 2025年第一次临时股东会 之 法律意见书 地址：江苏省苏州市高新区邓尉路6号2楼 邮编：215011 电话：0512-67010501 传真：0512-67010500 二〇二五年九月 江苏新苏律师事务所 法律意见书 江苏新苏律师事务所 关于苏州宝丽迪材料科技股份有限公司 2025年第一次临时股东会之法律意见书 编号：2025新苏律意字第0074号 致：苏州宝丽迪材料科技股份有限公司 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， 查阅了相关会议文件，并对有关问题进行了必要的核查和验证。公司已向本所保 证和承诺，其已提供了本所律师认为出具本法律意见书所必需的材料，所提供的 原始材料、副本、复印件等材料、口头证言均符合真实、准确、完整的要求，有 关副本、复印件材料与正本原始材料一致。 在本法律意见书中，本所律师仅对本次股东会的召集与召开程序、召集人资 格、出席会议人员资格、会议表决程序及表决结果是否符合《公司法》以及《公 司章程》的规定发表意见，并不对本次股东会所审议的议案内容以及这些议案所 表述的事实或数据的真实性、准确性和完整性 ...

Group 1 - The stock price of Baolidi closed at 32.92 yuan on August 21, 2025, down by 0.68 yuan, representing a decline of 2.02% from the previous trading day [1] - The trading volume on that day was 54,916 hands, with a transaction amount of 182 million yuan [1] - Baolidi primarily engages in the research, production, and sales of fiber masterbatches, which are widely used in the textile and apparel sectors [1] Group 2 - The company operates in the plastic products industry and is also involved in specialized and innovative sectors, including photolithography [1] - On August 20, Baolidi received several institutional investors, including Guojin Securities, for research purposes, where the company discussed the competitive landscape of the chemical fiber color masterbatch industry [1] - China has become the largest producer of color masterbatches in Asia, but the industry remains fragmented with low concentration [1] Group 3 - On August 21, the net outflow of main funds for Baolidi was 12.3016 million yuan, accounting for 0.27% of the circulating market value [1] - Over the past five trading days, the cumulative net outflow reached 30.0491 million yuan, representing 0.66% of the circulating market value [1]

Core Viewpoint - The company, Baolidi, is actively engaging with investors and research institutions to discuss its business operations and future plans, particularly in the chemical fiber color masterbatch industry, which is experiencing technological upgrades and environmental policy-driven demand growth [1][2]. Industry Overview - China has become the largest producer of color masterbatches in Asia, but the industry remains fragmented with low concentration, as most companies are small-scale [3]. - The color masterbatch production method known as "liquid coloring" allows for significant savings in labor and energy while reducing waste emissions, making it a preferred choice over traditional dyeing methods [3]. - The industry is currently focused on technological advancements and environmental compliance, with future competition expected to center around smart production and R&D innovation [3]. Company Developments - The company has established a second division focused on membrane and functional masterbatches, aiming to expand its product applications in the BOPET sector and develop high-end products with enhanced functionalities [3]. - The company is addressing industry challenges related to liquid additives by developing technologies for high-concentration, low-viscosity liquid additives [3]. Financial Health - The company maintains a low debt ratio of 11.82%, indicating a strong liquidity position and no short-term repayment pressure [4]. - The company reported a stable gross margin of 20.77% and a year-on-year increase in revenue and net profit for the first half of 2025, with total revenue of 676 million yuan and a net profit of approximately 63.81 million yuan [5]. - The company is also expanding its production capacity for Covalent Organic Frameworks (COFs), with plans for a new production line of 200 tons per year [5]. Market Activity - In the past three months, the stock has seen a net inflow of 110 million yuan in financing, indicating increased investor interest [6].

Group 1: Industry Overview - China is the largest producer of color masterbatches in Asia, but the industry has low concentration with most companies being small-scale [2] - The demand for chemical fiber masterbatches is expected to continue expanding due to environmental policies and technological upgrades [2] Group 2: Company Development - The company established a second division in 2025 focused on membrane and functional masterbatches, aiming to expand product applications [2][3] - The second division will develop products for BOPET, BOPP, BOPA, and TPU/TPEE film masterbatches, addressing industry challenges [3] Group 3: Financial Health - The company's current asset-liability ratio is low, indicating manageable liquidity risk and strong cash reserves to cover short-term debts [3] - The gross profit margin has remained stable and is expected to increase through smart manufacturing and technological upgrades [3] Group 4: Product Development - The company's COFs (Covalent Organic Frameworks) products are in the customer verification stage and have not yet achieved mass sales [3] - Plans are underway to establish a new production line with an annual capacity of 200 tons, currently in the approval and preparation phase [3]

Investment Rating - The report provides a standard investment rating for the chemical industry, indicating a positive outlook for specific sectors within the industry [5]. Core Insights - The report highlights the impact of the explosion at Kanto Denka's facility in Japan, which is expected to create opportunities for domestic electronic gas suppliers as Kanto Denka holds a 90% market share in nitrogen trifluoride production in Japan [6][13]. - The first World Humanoid Robot Games held in Beijing is seen as a catalyst for the robotics industry's development, showcasing technological innovation and attracting talent [6][14]. - The report emphasizes the structural optimization of supply in the chemical sector, suggesting a focus on sectors with significant elasticity and competitive advantages, such as organic silicon and membrane materials [6][15]. Industry Performance - The report notes that during the week of August 11 to August 15, 2025, the CSI 300 index rose by 2.37%, while the Shenwan Basic Chemical Index increased by 2.46%, outperforming the market slightly [6][18]. - The top-performing sub-sectors included modified plastics (up 12.29%) and fluorochemicals (up 5.81%), while the worst performers were civil explosives (down 3.02%) and compound fertilizers (down 1.81%) [6][19]. Price Trends - Key products that saw price increases included hydrochloric acid (up 15.38%) and propylene (up 4.00%), while notable declines were observed in butanone (down 7.16%) and liquid ammonia (down 5.89%) [6][26]. - The report tracks price differentials, with significant increases in the propylene-propane differential (up 33.47%) and decreases in the bisphenol A-phenol differential (down 26.57%) [6][28]. Investment Recommendations - The report suggests focusing on sectors that may benefit from supply-side reforms, particularly organic silicon, membrane materials, and dye sectors, with recommended companies including Hoshine Silicon Industry and Zhejiang Longsheng [6][15]. - It also highlights the growing demand for health additives and sugar substitutes driven by new consumer trends, recommending companies that emphasize technological and product differentiation [6][16][17].

Core Viewpoint - The company is making steady progress on its new COFs 200-ton expansion project, indicating a positive development in its operational capacity [2] Group 1 - Investors inquired about the status of the COFs 200-ton expansion project on the investor interaction platform [2] - The company confirmed that the project is advancing in an orderly manner and is generally progressing smoothly [2]

Group 1 - The company is progressing with the new COFs 200-ton project, and the advancement is reported to be generally smooth [1]

Financial Performance - The company reported a total revenue of 676 million yuan for the first half of 2025, an increase of 1.47% year-on-year [1] - The net profit attributable to shareholders reached 63.81 million yuan, up 15.19% year-on-year [1] - In Q2 2025, total revenue was 368 million yuan, reflecting an 8.46% increase year-on-year, while net profit for the quarter was 36.92 million yuan, a 24.78% increase [1] - The gross margin improved to 20.77%, up 14.17% year-on-year, and the net margin increased to 9.36%, up 14.87% [1] - The company's total expenses (selling, administrative, and financial) amounted to 40.02 million yuan, accounting for 5.92% of revenue, a 9.42% increase year-on-year [1] Balance Sheet Changes - Accounts receivable increased significantly by 43.74% year-on-year, reaching 233 million yuan [1] - Cash and cash equivalents decreased by 69.77%, attributed to cash management practices [3] - Interest-bearing debt rose by 211.89%, totaling 84.90 million yuan, primarily due to new bank loans for factory construction [3] Cash Flow Analysis - The net cash flow from operating activities decreased by 52.1%, impacted by reduced VAT input deductions and increased tax expenses [5] - The net cash flow from investing activities saw a significant decline of 205.81%, largely due to cash management practices [5] - The net cash flow from financing activities increased by 51.63%, driven by reduced repayment of pledged loans and new borrowings for projects [5] Industry Insights - The demand for chemical fiber masterbatches is expected to continue expanding due to environmental policies and production efficiency [11] - The company has competitive advantages in raw material procurement, product quality, and customer service, which are critical in the fiber masterbatch industry [13] Research and Development - The company has established a joint venture with Nankai University to develop covalent organic frameworks (COFs), which have potential applications in various fields [14] - Currently, COFs products are in the customer verification stage and have not yet achieved mass sales, with plans for a new production line to increase capacity [15]