国信证券股份有限公司 关于江西志特新材料股份有限公司 不提前赎回志特转债的核查意见 国信证券股份有限公司（以下简称"保荐人"）作为江西志特新材料股份有 限公司（以下简称"志特新材"、"公司"）首次公开发行股票并在创业板上市 及向不特定对象发行可转换公司债券的保荐人，根据《证券发行上市保荐业务管 理办法》《深圳证券交易所创业板股票上市规则（2024 年修订）》及《深圳证券 交易所上市公司自律监管指引第 13 号——保荐业务》等有关规定，认真、审慎地 核查了志特新材不提前赎回志特转债的事项，核查的具体情况如下： 一、可转换公司债券基本情况 （一）可转换公司债券发行上市情况 经中国证券监督管理委员会《关于同意江西志特新材料股份有限公司向不特 定对象发行可转换公司债券注册的批复》（证监许可〔2023〕543 号）同意，公 司于 2023 年 3 月 31 日向不特定对象发行可转换公司债券（以下简称"可转债"） 614.033 万张，发行价格为每张面值 100 元人民币，按面值发行，募集资金共计人 民币 61,403.30 万元。经深圳证券交易所同意，公司本次可转债于 2023 年 4 月 21 日在深圳证券交易所挂牌 ...

| 证券代码：300986 | 证券简称：志特新材 公告编号：2025-026 | | --- | --- | | 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 关于不提前赎回"志特转债"的公告 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。 特别提示： 1、自 2025 年 2 月 20 日至 2025 年 3 月 18 日，江西志特新材料股份有限公 司（以下简称"公司"）股票已连续三十个交易日中至少有十五个交易日的收盘 价不低于当期转股价格的 130%（含 130%，即 16.25 元/股），触发《江西志特新 材料股份有限公司创业板向不特定对象发行可转换公司债券募集说明书》（以下 简称"《募集说明书》"）中的有条件赎回条款。 2、公司于 2025 年 3 月 18 日召开第四届董事会第八次会议，审议通过了《关 于不提前赎回"志特转债"的议案》，公司董事会决定本次不行使"志特转债" 的提前赎回权利。同时，在未来三个月内（即 2025 年 3 月 19 日至 2025 年 6 月 18 日），如再次触发"志特转债"有条件赎回条 ...

Investment Rating - The report gives a positive investment rating for the construction decoration industry, indicating an "Overweight" outlook, suggesting that the industry is expected to outperform the overall market [2][34]. Core Insights - The construction decoration sector has shown a weekly increase of 1.60%, outperforming major indices such as the Shanghai Composite Index and the Shenzhen Component Index [5][6]. - Key sub-sectors like decorative curtain walls, ecological landscaping, and design consulting have demonstrated significant weekly gains, with respective increases of 5.33%, 4.44%, and 2.41% [5][8]. - The report highlights a recovery in infrastructure investment for 2025, emphasizing the cyclical investment value in high-elasticity sectors [5][20]. Summary by Sections Industry Performance - The SW Construction Decoration Index increased by 1.60%, ranking 18th among 31 sectors [5][6]. - The best-performing sub-sectors for the week were decorative curtain walls (+5.33%), ecological landscaping (+4.44%), and design consulting (+2.41%) [5][8]. Major Changes in the Industry - The People's Bank of China reported a cumulative increase in social financing of 9.29 trillion yuan in the first two months of 2025, which is 1.32 trillion yuan more than the same period last year [5][20]. - The central bank is expected to implement appropriate monetary policies to support major strategies and key areas, while also managing financial risks [5][20]. Key Company Developments - China Power Construction Corporation won a major project worth 5.771 billion yuan, accounting for 0.95% of its 2023 revenue [5][20]. - Shaanxi Construction Group secured a significant project totaling 2.436 billion yuan, representing 2.39% of its 2023 revenue [5][20]. - China Railway Group elected a new chairman, indicating a change in leadership [5][21]. Investment Recommendations - The report recommends investing in cyclical sectors with high elasticity, such as steel structures and urban renewal, while also highlighting undervalued companies for potential valuation recovery [5][20].

| 证券代码：300986 | 证券简称：志特新材 | 公告编号：2025-025 | | --- | --- | --- | | 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 关于控股股东、实际控制人及其一致行动人持股比例被动稀 释的权益变动提示性公告 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。 特别提示： 1、本次权益变动系江西志特新材料股份有限公司（以下简称"公司"或"上 市公司"）可转换公司债券（以下简称"可转债"或"志特转债"）转股导致公 司控股股东珠海凯越高科技产业投资有限公司（以下简称"珠海凯越"）、实际 控制人高渭泉先生及其一致行动人珠海志同股权投资企业（有限合伙）、珠海志 成股权投资企业（有限合伙）、珠海志壹股权投资企业（有限合伙）（以下分别 简称"珠海志同""珠海志成""珠海志壹"）的持股比例被动稀释，前述股东 的持股数量不变，不涉及股东股份增持或减持。 2、控股股东珠海凯越、实际控制人及其一致行动人合计持股比例由 50.39% 被动稀释为 49.58%，触及 5%的整数倍。 3、本次权益变动不触及 ...

二、担保的进展情况 近日，公司与甘肃宏达铝型材有限公司（以下简称"宏达型材"）签订了《铝 模板铝型材销售合同》，公司为控股子公司甘肃志特新材料科技有限公司（以下 简称"甘肃志特"）向宏达型材采购原材料的货款提供最高额为人民币 1,920 万 元的连带责任担保。 | 证券代码：300986 | 证券简称：志特新材 公告编号：2025-024 | | --- | --- | | 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。 一、担保情况概述 江西志特新材料股份有限公司（以下简称"公司"）于 2024 年 4 月 20 日召 开第三届董事会第二十一次会议、2024 年 5 月 28 日召开 2023 年年度股东大会， 审议通过了《关于 2024 年度担保额度预计的议案》，同意公司及其控股子公司 为公司控股子公司提供不超过 215,000 万元的预计担保额度（含前期已审尚未失 效的担保额度），其中为资产负债率大于等于 70%的子公司提供担保额度不超过 人民 ...

| 证券代码：300986 | 证券简称：志特新材 公告编号：2025-023 | | --- | --- | | 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 关于控股股东、实际控制人及其一致行动人持股比例被动稀 释的权益变动提示性公告 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。 特别提示： 3、本次权益变动不触及要约收购，不会导致公司控制权发生变更，不会对 公司持续经营及治理结构产生影响。 一、公司股本变动情况 1、可转债发行上市情况 经中国证券监督管理委员会《关于同意江西志特新材料股份有限公司向不特 定对象发行可转换公司债券注册的批复》（证监许可〔2023〕543 号）同意，公 司于 2023 年 3 月 31 日向不特定对象发行可转债 614.033 万张，发行价格为每张 面值 100 元人民币，按面值发行，募集资金共计人民币 61,403.30 万元。 经深圳证券交易所同意，公司本次可转债于 2023 年 4 月 21 日在深圳证券交 易所挂牌交易，债券简称"志特转债"，债券代码"123186"。 2、可转债转股 ...

Investment Rating - The report maintains an "Accumulate" rating for the company [2][7] Core Views - The company is accelerating the application of AI and quantum technology in high-end research and manufacturing, while steadily expanding its overseas operations to enhance performance [6] - The company forecasts a revenue of 2.48 to 2.6 billion yuan for 2024, representing a year-on-year growth of 10.81% to 16.17%, and a net profit attributable to shareholders of 65 to 95 million yuan, marking a significant turnaround from losses [6] - The company has established strategic partnerships to develop a new materials research and manufacturing system supported by quantum technology and AI, aiming to promote the commercialization of quantum technology [6] Summary by Sections Financial Data - Total market capitalization is 4.305 billion yuan, with a circulating market value of 4.300 billion yuan [5] - The stock has a 52-week high of 17.99 yuan and a low of 6.36 yuan, with a 52-week increase of 113.40% [5] - The company expects to achieve a net profit of 0.93, 2.02, and 3.08 billion yuan for the years 2024 to 2026, with corresponding P/E ratios of 46.46, 21.35, and 14.00 [7][9] Business Development - The company is set to accelerate its overseas business starting in the second half of 2024, which is expected to significantly improve its performance due to higher profit margins in international markets [6] - The company has announced collaborations with notable partners, including a 2 billion yuan fund for digital economy investments and strategic agreements with quantum technology centers [6] Investment Outlook - The report highlights the strong background of the company's investment partners, which is expected to enhance the company's valuation and profitability [6] - The integration of AI with the company's core business is anticipated to optimize costs and improve profitability, thereby expanding growth potential [6]

| 证券代码：300986 | 证券简称：志特新材 | 公告编号：2025-022 | | --- | --- | --- | | 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"可能满足赎回条件的提示性公告 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。 特别提示： 1、自 2025 年 2 月 20 日至 2025 年 3 月 11 日，江西志特新材料股份有限公 司（以下简称"公司"）股票已有十个交易日的收盘价不低于"志特转债"当期 转股价格 12.50 元/股的 130%（含 130%，即 16.25 元/股）； 根据《募集说明书》的约定，本次发行的可转债转股期自可转债发行结束之 日（2023 年 4 月 7 日）起满六个月后第一个交易日起至可转债到期日止，即 2023 年 10 月 9 日至 2029 年 3 月 30 日。 （三）可转债转股价格调整情况 根据《募集说明书》的约定，本次发行的可转债的初始转股价格为 41.08 元 /股。截至本公告日，公司最新转股价格为 12.50 元/股，转股价格调整 ...

| 证券代码：300986 | 证券简称：志特新材 公告编号：2025-021 | | --- | --- | | 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 关于拟对外投资设立合资公司暨战略合作协议进展的公告 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。 一、对外投资概述 江西志特新材料股份有限公司（以下简称"公司"）于 2025 年 3 月 3 日与 合肥微观纪元数字科技有限公司（以下简称"微观纪元"）、量子科技长三角产 业创新中心签订了《战略合作协议》，各方为推动人工智能与量子技术在新材料 领域的产业应用和落地，基于各自技术、产业及资源等优势，面向量子科技在新 材料领域的产业应用和落地展开合作。具体情况详见公司在巨潮资讯网 （www.cninfo.com.cn）披露的《关于公司签订战略合作协议的公告》（公告编 号：2025-020）。 基于上述战略合作协议，为夯实公司业务落地主体，推动公司在新质生产力 方面的高质量发展，公司全资子公司志特新材料（珠海横琴）有限公司（以下简 称"横琴志特"）拟与微观纪元及深圳市方众特投 ...

Contract Awards - Gree Electric plans to increase its shareholding through Beijing Haihe Interconnection with an investment of between 1.05 billion to 2.1 billion yuan [1] - Topstrong plans to repurchase shares worth between 20 million to 35 million yuan [1] - Dongfang Zirconium's samples have received preliminary recognition from some solid-state battery material manufacturers for research and trial use [1] - Hongqi Chain is developing and innovating a robot unmanned vending system [1] - Jinyinhai recently entered into deep cooperation with Microvast in the solid-state battery field, with no significant impact on the company's performance in the short term [1] - Honghe Technology proposes a special cash dividend of 12.81 yuan per share [1] Shareholding Changes - Yueling Co.'s actual controller is set to change, and the stock will resume trading tomorrow [1] - Jiaozuo Wanfang's control is also set to change [1] - Yongji Co. plans to transfer part of its equity in Xiniu Wang Company [1] Operating Data - Aerospace Intelligent Manufacturing reported a net profit of 791 million yuan for 2024, an increase of 86.77% year-on-year [1] - Zhangyuan Tungsten reported a net profit of 177 million yuan for 2024, an increase of 23.25% year-on-year [1] - Guangdong Expressway A's net profit for 2024 decreased by 4.39% year-on-year, proposing a cash dividend of 5.23 yuan per share [1] - ST Hanma's heavy-duty truck sales in February reached 810 units, a year-on-year increase of 59.76% [1] - Jiangling Motors sold 21,600 vehicles in February, a year-on-year increase of 8.15% [1] - Dong'an Power's engine sales in February were 28,200 units, a year-on-year decrease of 5.16% [1] - Guangzhou Port's cargo throughput in February is expected to be 40.78 million tons, a year-on-year increase of 13.7% [1] - Far East Co.'s subsidiary won contracts worth over 19.09 billion yuan in February [1] - China Shipbuilding's subsidiary Jiangnan Shipyard signed a batch of dual-fuel container ship construction contracts worth approximately 18 billion to 19 billion yuan [1] - Tsinghua Unigroup signed a supply agreement for lithium battery cathode materials with SK On [1] - Fulongma is expected to win five sanitation service projects in February, with a total contract amount of 339 million yuan [1] - Terui De is expected to win a 194 million yuan new energy project [1] - Samsung Medical's wholly-owned subsidiary won a procurement project from Longyuan Power worth 115 million yuan [1] - Zhongcheng Co. is engaged in procurement business related to inverters and other equipment with related parties [1] Major Investments - Guodian Power is investing in the construction of the Dadu River Eagle Rock Level 1 Hydropower Station project [2] - Batian Co.'s subsidiary plans to invest in the expansion and upgrading of three related projects at the Xiaogaozhai Phosphate Mine [2] Other - Wancheng Group's chairman Wang Jiankun has been detained and is under investigation [2] - Yingjixin plans to acquire control of Huimang Micro, with trading suspended from tomorrow [2] - Hangyang Co. plans to issue convertible bonds not exceeding 1.63 billion yuan [2] - Solar Energy's subsidiary plans to purchase real estate for 367 million yuan [2] - GoerTek's subsidiary's H-share filing materials have been accepted by the China Securities Regulatory Commission [2] - Amway's "water-based solvent-free polyurethane composite material key technology" has been selected as one of the first batch of advanced applicable technologies by the Ministry of Industry and Information Technology [2] - Defang Nano's controlling subsidiary is increasing capital and introducing strategic investors [2] - Yuzhong Three Gorges A has terminated the sale of 10% equity in a small loan company [2] - Tianyu Co. received a warning letter from the FDA in the United States [2] - Haixing Power signed a strategic cooperation agreement with Kerun Zhikong to promote transformer products in overseas markets [2] - Bangjie Co.'s subsidiary Yangzhou Bangjie is temporarily suspending production for no more than three months [2] - Zhi Te New Materials signed a strategic cooperation agreement with Quantum Innovation Center and Microscopic Era [2] - Zhongjin Lingnan plans to raise no more than 1.5 billion yuan through a private placement to its controlling shareholder [2]