Core Viewpoint - Zhite New Materials has experienced a decline of 10.20% over four consecutive trading days, indicating potential market concerns regarding the company's performance and outlook [1]. Company Overview - Jiangxi Zhite New Materials Co., Ltd. specializes in new building aluminum molds, climbing frames, and prefabricated PC components, serving both civil and public construction sectors [1]. - The company is listed on the A-share market with the stock code SZ300986 and is headquartered in Guangdong Zhongshan, located in the Greater Bay Area [1]. - Zhite's products are sold in over 30 countries and regions worldwide, showcasing its international market reach [1]. Financial Performance - The financial report indicates that Guotai Fund's Guotai Regional Advantage Mixed A Fund has entered the top ten shareholders of Zhite New Materials, marking a new investment in the second quarter of this year [1]. - The fund has achieved a year-to-date return of 14.34%, ranking 2187 out of 4501 in its category [1]. Fund Manager Profile - The fund manager of Guotai Regional Advantage Mixed A is Mr. Zhi Jian, who holds a master's degree and has prior experience at GF Securities and HSBC (Hong Kong) [3][4]. - Mr. Zhi Jian has been with Guotai Fund since May 2017, serving in various roles including research analyst and assistant fund manager before becoming the current fund manager [3][4]. Fund Management Details - Guotai Fund Management Co., Ltd. was established in March 1998, with major shareholders including China Jianyin Investment Co., Ltd. (60%), Assicurazioni Generali S.p.A. (30%), and State Grid Yingda International Holdings Group Co., Ltd. (10%) [4].

Group 1 - AI for Science (AI4S) has become a new paradigm in scientific research, entering an accelerated development phase, utilizing deep learning to solve core challenges in life sciences, materials science, and chemical reactions [7][8][21] - The development of AI4S has led to new collaborative states, with companies either using AI algorithms for contract research or building internal AI platforms for innovation [14][16] - Domestic AI development is increasingly focused on AI+ applications, with large enterprises beginning to consider early-stage layouts [21][25] Group 2 - AI4S applications are addressing three major industry pain points, including efficient information extraction, primary artificial replacement, and deep model predictions for initial assessments [32][33] - Innovation is the main theme of AI applications in the chemical industry, with a focus on six sub-sectors, including strain selection and process optimization in the fermentation industry [37][38] - AI4S applications are characterized by long R&D cycles and high costs, data-driven approaches, and high-dimensional design spaces, which traditional experiments cannot validate individually [36][33] Group 3 - The investment landscape includes companies like JingTai Technology, ZhongKong Technology, and ZhiTe New Materials, which are positioned to benefit from AI4S advancements [4][18] - The AI industry chain has seen significant growth, with upstream and midstream sectors developing rapidly under strong policy support, leading to increased capacity and innovation in hardware and software [25][26][27] - The government is actively promoting AI research cooperation, with initiatives aimed at integrating AI into solving major issues like climate and health [18][20]

Core Viewpoint - Insulation materials play a crucial role in achieving energy efficiency and reducing carbon emissions, aligning with the "dual carbon" goals of the country [2][11]. Group 1: Types of Insulation Materials - Insulation materials can be categorized into four main types: organic insulation materials, inorganic insulation materials, new materials, and composite materials [18][25]. - Organic insulation materials are characterized by their porous structure and low density, making them widely applicable in construction and industrial fields [18][22]. - Inorganic insulation materials feature high porosity and nano-scale pore structures, effectively reducing heat conduction [22]. - New materials focus on optimizing performance through thermal conduction path regulation, radiation suppression, and structural stability [25]. - Composite materials combine two or more materials to enhance overall performance [26]. Group 2: Market Opportunities - The market for insulation materials is projected to exceed hundreds of billions, with new insulation materials rapidly penetrating various sectors [4][32]. - In the power battery sector, the demand for thermal management and flame-retardant insulation materials is expected to surpass 90 million square meters by 2025, corresponding to a market size of approximately 6.3 billion yuan [4][49]. - The building energy-saving market is anticipated to reach 248.5 billion yuan by 2025, with a year-on-year growth of 13.8% [63]. - The oil and gas pipeline insulation materials market is projected to reach 10.96 billion yuan by 2025 [4]. Group 3: Innovations in Insulation Materials - The emergence of super insulation materials, such as aerogels, presents significant industrialization prospects [5]. - Super insulation materials have a thermal conductivity coefficient lower than that of "still air," with room temperature thermal conductivity typically below 0.04 W·m⁻¹·K⁻¹ [5]. - Companies like Zhite New Materials are leveraging AI for material research and development, significantly enhancing performance while reducing costs [5]. Group 4: Specific Applications - In the power battery sector, the use of aerogel insulation materials is expected to grow due to the increasing sales of new energy vehicles and the rising proportion of high-nickel batteries [4][50]. - In the construction sector, insulation materials are crucial for reducing heat loss, with external wall insulation being a primary focus [55][58]. - The oil and gas industry utilizes insulation materials to effectively protect against heat loss during transportation [4][32].

证券之星消息，8月7日专业工程板块较上一交易日下跌0.09%，志特新材领跌。当日上证指数报收于 3639.67，上涨0.16%。深证成指报收于11157.94，下跌0.18%。专业工程板块个股涨跌见下表： 从资金流向上来看，当日专业工程板块主力资金净流出8374.29万元，游资资金净流出780.86万元，散户 资金净流入9155.16万元。专业工程板块个股资金流向见下表： | 代码 | 名称 | 主力净流入(元) | 主力净占比 游资净流入 (元) | | 游资净占比 散户净流入 (元) | | 散户净占比 | | --- | --- | --- | --- | --- | --- | --- | --- | | 605598 | 一海港澳 | 1.051Z | 15.88% | -5580.64万 | -8.41% | -4952.33万 | -7.47% | | 603163 | 圣晖集成 | 5426.75万 | 21.26% | -1883.67万 | -7.38% | -3543.08万 | -13.88% | | 603959 百利科技 | | 5138.04万 | 20.42% | -2361. ...

| 证券代码：300986 | 证券简称：志特新材 | 公告编号：2025-107 | | --- | --- | --- | | 转债代码：123186 | 转债简称：志特转债 | | 江西志特新材料股份有限公司 关于"志特转债"即将停止转股暨最后半个转股日的重要 提示性公告 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、最后转股日：2025 年 8 月 7 日 截至本公告披露时，距离"志特转债"停止转股仅剩最后半个交易日（即 2025 年 8 月 7 日下午交易时段）。今日收市前，持有"志特转债"的投资者仍可进行 转股；今日收市后，仍未转股的"志特转债"将停止转股，并将按照 100.36 元/ 张的价格强制赎回。 2、因目前"志特转债"的赎回价格与其停止交易前的市场价格存在较大差 异，特提醒投资者仔细阅读本公告内容，关注相关风险，注意在限期内转股。 特别提示： 1、可转债赎回价格：100.36 元/张（含当期应计利息，当期年利率为 1%， 且当期利息含税）。扣税后的赎回价格以中国证券登记结算有限责任公司深圳分 公司（以下简称"中登公司 ...

| 证券代码：300986 | 证券简称：志特新材 | 公告编号：2025-106 | | --- | --- | --- | | 转债代码：123186 | 转债简称：志特转债 | | 提示性公告 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、最后转股日：2025 年 8 月 7 日 2025 年 8 月 7 日为"志特转债"最后一个转股日，当日收市前，持有"志特 转债"的投资者仍可进行转股。2025 年 8 月 7 日收市后，仍未转股的"志特转 债"将停止转股，并将按照 100.36 元/张的价格强制赎回。 2、截至 2025 年 8 月 6 日收市后，距离"志特转债"停止转股日（2025 年 8 月 8 日）仅剩下最后 1 个交易日。 3、特提醒投资者仔细阅读本公告内容，关注相关风险，注意在限期内转股。 特别提示： 1、可转债赎回价格：100.36 元/张（含当期应计利息，当期年利率为 1%， 且当期利息含税）。扣税后的赎回价格以中国证券登记结算有限责任公司深圳分 公司（以下简称"中登公司"）核准的价格为准； 江西志特新材料股份有限 ...

通过天眼查大数据分析，江西志特新材料股份有限公司共对外投资了15家企业，参与招投标项目185 次，知识产权方面有商标信息73条，专利信息208条，此外企业还拥有行政许可31个。 金融界消息 截至2025年8月6日收盘，志特新材（300986）报收于15.29元，上涨3.24%，换手率7.52%， 成交量30.77万手，成交金额4.65亿元。 志特新材最新一期业绩显示，截至2025一季报，公司营业总收入5.56亿元、同比增长23.65%，归属净利 润2461.03万元，同比增长236.44%，扣非净利润2106.77万元，同比增长166.18%，流动比率0.977、速动 比率0.853、资产负债率66.00%。 天眼查商业履历信息显示，江西志特新材料股份有限公司，成立于2011年，位于抚州市，是一家以从事 化学原料和化学制品制造业为主的企业。企业注册资本26220.9777万人民币，实缴资本24647.07万人民 币。公司法定代表人为高渭泉。 资金流向方面，今日主力资金净流入5385.54万元，占比成交额11.59%。其中，超大单净流入2922.93万 元、占成交额6.29%，大单净流入2462.61万元、占成 ...

Core Viewpoint - The announcement from Zhite New Materials highlights a significant discrepancy between the redemption price of "Zhite Convertible Bonds" and their market price prior to suspension of trading and conversion, warning bondholders of potential losses if they do not convert in time [1] Group 1 - Zhite New Materials announced the redemption price of "Zhite Convertible Bonds" is significantly different from the market price before trading suspension [1] - The company emphasizes the importance for bondholders to convert their bonds within the specified timeframe to avoid forced redemption losses [1] - Investors are advised to be cautious regarding investment risks associated with the "Zhite Convertible Bonds" [1]

| 证券代码：300986 | 证券简称：志特新材 | 公告编号：2025-105 | | --- | --- | --- | | 转债代码：123186 | 转债简称：志特转债 | | 江西志特新材料股份有限公司 关于"志特转债"赎回实施暨即将停止转股的重要提示性公告 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、最后转股日：2025 年 8 月 7 日 2025 年 8 月 7 日为"志特转债"最后一个转股日，当日收市前，持有"志特 转债"的投资者仍可进行转股。2025 年 8 月 7 日收市后，仍未转股的"志特转 债"将停止转股，并将按照 100.36 元/张的价格强制赎回。 2、截至 2025 年 8 月 5 日收市后，距离"志特转债"停止转股日（2025 年 8 月 8 日）仅剩下 2 个交易日。 3、特提醒投资者仔细阅读本公告内容，关注相关风险，注意在限期内转股。 特别提示： 1、可转债赎回价格：100.36 元/张（含当期应计利息，当期年利率为 1%， 且当期利息含税）。扣税后的赎回价格以中国证券登记结算有限责任公司深圳分 ...

Core Viewpoint - The company has triggered the conditional redemption of its convertible bonds due to the stock price meeting specific criteria, leading to a mandatory redemption at a price of 100.36 CNY per bond on August 8, 2025 [1][2][7]. Group 1: Convertible Bond Redemption - The company announced that investors can still convert their bonds until the market close on August 7, 2025, after which unconverted bonds will be forcibly redeemed [1][2]. - The conditional redemption was triggered as the stock price met the requirement of being at least 130% of the conversion price (11.52 CNY) for at least 15 out of 30 trading days [2][7]. - The redemption price is set at 100.36 CNY per bond, which includes accrued interest calculated based on the bond's face value and interest rate [1][8]. Group 2: Bond Issuance and Terms - The company issued convertible bonds worth 614.03 million CNY on March 31, 2023, with a conversion period from October 9, 2023, to March 30, 2029 [2][3]. - The initial conversion price was set at 41.08 CNY per share, which has been adjusted to 8.86 CNY per share as of the announcement date [3][4]. - The company has the right to redeem the bonds if the unconverted balance falls below 30 million CNY or if the stock price conditions are met [6][7]. Group 3: Redemption Process and Investor Guidance - The redemption process will involve notifying bondholders and ensuring that the redemption amount is transferred to their accounts through the bond custodians [8][9]. - Investors are advised to convert their bonds before the deadline to avoid forced redemption, which could lead to potential losses [1][2].