中信证券股份有限公司关于 上海艾录包装股份有限公司首次公开发行股票并在创业板上市 持续督导 保荐总结报告书 | 5 | | --- | | 申报时间：2025 | | 月 | | 年 保荐人编号：Z20374000 | | 中文名称 | 上海艾录包装股份有限公司 | | --- | --- | | 法定代表人 | 陈安康 | | 股票上市地 | 深交所创业板 | | 股票简称 | 上海艾录 | | 股票代码 | 301062.SZ | | 上市时间 | 2021-09-14 | | 注册资本 | 万元 40,039.18 | | 注册地址 | 上海市金山区山阳镇阳乐路 88 号 | | 邮政编码 | 201508 | | 电话号码 | 021-57293030 | | 公司网址 | www.ailugroup.com | | 经营范围 | 机器人灌装设备、塑料制品、塑料软管的技术开发、设计和销售， | | | 高分子环保复合包装纸袋、复合袋的研发、设计、制造和销售， | | | 纸张、胶粘剂、包装材料、包装机械、化工原料及产品（除危险 | | | 化学品、监控化学品、烟花爆竹、民用爆炸物品、易制毒化学品） | ...

中信证券股份有限公司 关于上海艾录包装股份有限公司 2024年度跟踪报告 1 | （1）列席公司股东大会次数 | 无 | | --- | --- | | （2）列席公司董事会次数 | 无 | | （3）列席公司监事会次数 | 无 | | 5.现场检查情况 | | | （1）现场检查次数 | 1次 | | （2）现场检查报告是否按照深圳证券交易所规定 | 是 | | 报送 | | | （3）现场检查发现的主要问题及整改情况 | 无 | | 6.发表专项意见情况 | | | （1）发表专项意见次数 | 7次 | | （2）发表非同意意见所涉问题及结论意见 | 无 | | 7.向深圳证券交易所报告情况（现场检查报告除 | | | 外） | | | （1）向深圳证券交易所报告的次数 | 无 | | （2）报告事项的主要内容 | 不适用 | | （3）报告事项的进展或者整改情况 | 不适用 | | 8.关注职责的履行情况 | | | （1）是否存在需要关注的事项 | 是 | | （2）关注事项的主要内容 | 2024年，公司实现归母净利润0.53亿元，同比 | | | 减少29.16%。公司需关注业绩大幅下滑，关注 | ...

中信证券股份有限公司 关于上海艾录包装股份有限公司 2024 年度持续督导定期现场检查报告 保荐人名称：中信证券股份有限公司 （以下简称"中信证券"或"保荐人"） 被保荐公司简称：上海艾录 保荐代表人姓名：赵成豪 联系电话：021-20262092 保荐代表人姓名：欧阳颢頔 联系电话：021-20262092 现场检查人员姓名：赵成豪 现场检查对应期间：2024 年 1 月 1 日-2024 年 12 月 31 日 现场检查时间：2025 年 4 月 16 日 一、现场检查事项 现场检查意见 （一）公司治理 是 否 不适用 现场检查手段： 查阅了上市公司最新章程、三会议事规则及会议材料，取得上市公司董事、监事、 高级管理人员名单及其变化情况，取得上市公司关联方清单，查阅关于公司控股 股东、实际控制人、董事、监事、高级管理人员的信息披露文件及相关变更决策 文件，查看上市公司生产经营场所，对上市公司高级管理人员进行访谈。 1.公司章程和公司治理制度是否完备、合规 是 2.公司章程和三会规则是否得到有效执行 是 3.三会会议记录是否完整，时间、地点、出席人员及会议 内容等要件是否齐备，会议资料是否保存完整 是 4. ...

Core Viewpoint - The company anticipates future profit growth driven by several key factors, including production capacity expansion, innovative product development, and international market expansion [1]. Group 1: Future Growth Drivers - The completion of convertible bond projects will double the production capacity of industrial paper packaging bags to 600 million units annually, effectively overcoming current production bottlenecks and enhancing product differentiation and market applications [1]. - The subsidiary's development of fiberglass-reinforced polyurethane composite frames offers lightweight, corrosion-resistant, and cost-effective alternatives to traditional aluminum frames, positioning the company for significant growth in the photovoltaic sector [1]. - The launch of the Espeed series of recyclable paper-based packaging products aims to replace existing plastic film composites, aligning with sustainable development trends and environmental policies, which is expected to positively impact the company's performance [1]. - The "paper bag going abroad" strategy has led to significant growth in overseas revenue, with marketing efforts in international markets becoming a key focus for future business development [1]. Group 2: Company Overview - The company specializes in the research, design, production, and sales of industrial paper packaging, consumer paper packaging, plastic packaging, smart packaging systems, and photovoltaic components, evolving into a comprehensive soft packaging solution provider [2]. - The company serves well-known domestic and international clients, including Davco, Oriental Yuhong, and Mondelēz, through its intelligent, flexible, and customized production capabilities [2].

Group 1: Financial Performance - In 2024, the company achieved a revenue growth of 11.63%, while Q1 2025 saw a growth of 5.47%. However, net profit declined due to rising costs and the photovoltaic subsidiary not yet generating significant revenue [8] - The operating cash inflow for 2024 was CNY 1.105 billion, a 7.88% increase from 2023, primarily due to VAT refunds. Cash outflow was CNY 871 million, up 9.19% due to increased raw material purchases [6] Group 2: Business Development and Strategy - The company plans to enhance its financing channels to lower costs and meet capital expenditure needs, which will improve financial conditions as funds are invested [4] - The company’s new projects, including industrial paper packaging and composite plastic packaging, are expected to double production capacity to 600 million units annually, addressing current capacity constraints [5] Group 3: Market Outlook and Product Innovation - The global paper packaging market is projected to reach USD 397.5 billion in 2024, with a CAGR of 4.8% from 2025 to 2030. The Chinese market is expected to hold a 45% share [7] - The company is optimistic about the photovoltaic industry, driven by increasing installation demand and technological advancements [3] Group 4: Challenges and Responses - The company faces short-term pressure on its photovoltaic business due to lengthy product validation and testing cycles, but anticipates long-term growth potential [2] - The company is addressing the impact of trade policies and tariffs, particularly in the U.S. market, where the business exposure is relatively small [8]

保荐人名称：中信证券股份有限公司 （以下简称"中信证券"或"保荐人"） 被保荐公司简称：上海艾录 保荐代表人姓名：赵成豪 联系电话：021-20262092 保荐代表人姓名：欧阳颢頔 联系电话：021-20262092 现场检查人员姓名：赵成豪 现场检查对应期间：2024 年 1 月 1 日-2024 年 12 月 31 日 现场检查时间：2025 年 4 月 16 日 一、现场检查事项 现场检查意见 （一）公司治理 是 否 不适用 现场检查手段： 查阅了上市公司最新章程、三会议事规则及会议材料，取得上市公司董事、监事、 高级管理人员名单及其变化情况，取得上市公司关联方清单，查阅关于公司控股 股东、实际控制人、董事、监事、高级管理人员的信息披露文件及相关变更决策 文件，查看上市公司生产经营场所，对上市公司高级管理人员进行访谈。 1.公司章程和公司治理制度是否完备、合规 是 2.公司章程和三会规则是否得到有效执行 是 3.三会会议记录是否完整，时间、地点、出席人员及会议 内容等要件是否齐备，会议资料是否保存完整 是 4.三会会议决议是否由出席会议的相关人员签名确认 是 5.公司董监高是否按照有关法律、行政法规、 ...

| 名称 | 持有数量(万股) | 占总股本比例 | 增减情况(万 | | --- | --- | --- | --- | | | | (%) | 股) | | 陈安康 | 3367.59 | 10.81 | 不变 | | 文振宇 | 1103.45 | 3.54 | 不变 | | 李仁杰 | 642.00 | 2.06 | 不变 | | 陈曙 | 411.45 | 1.32 | -50.00 | | 高明霞 | 319.72 | 1.03 | 0.13 | | 张义寒 | 309.00 | 0.99 | -268.10 | | 上海千涌资产管理有限公司-千涌鸿顺5号私募证券投 | | | | | 资基金 | 297.30 | 0.95 | 不变 | | 宋祎妮 | 227.70 | 0.73 | 新进 | | 胡兵 | 209.07 | 0.67 | 新进 | | 陈家春 | 206.79 | 0.66 | 新进 | | 较上个报告期退出前十大股东有 | | | | | 王芝玲 | 481.85 | 1.55 | 退出 | | 全国社保基金六零二组合 | 325.98 | 1.05 | 退出 | | 上海千 ...

第四届监事会第十三次会议决议公告 | 证券代码：301062 | 证券简称：上海艾录 | 公告编号：2025-020 | | --- | --- | --- | | 债券代码：123229 | 债券简称：艾录转债 | | 上海艾录包装股份有限公司 本公司及监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、误导性陈述或者重大遗漏。 一、 会议召开和出席情况 （一） 会议召开情况 公司根据 2025 年第一季度财务报表编制了《2025 年第一季度报告》，与会 监事经审核，认为：公司编制的《2025 年第一季度报告》的程序符合法律、行政 1. 会议召开时间：2025 年 4 月 24 日 2. 会议召开地点：上海艾录会议室 3. 会议召开方式：现场会议方式 4. 发出监事会会议通知的时间和方式：2025 年 4 月 20 日通过电讯方式 5. 会议主持人：监事会主席阮丹林 6. 会议出席人员：阮丹林、钱慧浩、胡军林 7. 召开情况合法、合规、合章程性说明： 法规和中国证监会的规定，报告内容公允地反映了公司 2025 年第一季度的经营 状况和经营成果，报告所披露的信息真实、准确、完整，不存在虚假记载、 ...

| 证券代码：301062 | 证券简称：上海艾录 | 公告编号：2025-019 | | --- | --- | --- | | 债券代码：123229 | 债券简称：艾录转债 | | 上海艾录包装股份有限公司 第四届董事会第十四次会议决议公告 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、误导性陈述或者重大遗漏。 一、 会议召开和出席情况 （一） 会议召开情况 会议的召集、召开以及议案审议程序符合《中华人民共和国公司法》、《上 海艾录包装股份有限公司章程》和《上海艾录包装股份有限公司董事会议事规 则》的规定。 1. 会议召开时间：2025 年 4 月 24 日 2. 会议召开地点：上海艾录会议室 3. 会议召开方式：现场会议方式 4. 发出董事会会议通知的时间和方式：2025 年 4 月 20 日通过电讯方式 5. 会议主持人：董事长陈安康 6. 会议出席人员：陈安康、陈雪骐、张勤、陈曙、陆春艳、陈杰、戴钰凤、夏 尧云 7. 召开情况合法、合规、合章程性说明： 公司根据 2025 年第一季度财务报表编制了《2025 年第一季度报告》，与会 董事经审核，认为：公司编制的《2025 ...

Revenue and Profitability - The company's revenue for Q1 2025 was ¥284,115,685.55, representing a 5.47% increase compared to ¥269,380,005.14 in the same period last year[5] - Net profit attributable to shareholders decreased significantly by 97.26% to ¥778,286.88 from ¥28,443,844.43 year-on-year[5] - Basic and diluted earnings per share fell by 97.46% to ¥0.0018, compared to ¥0.071 in the same period last year[5] - The net profit for the current period was a loss of ¥3,380,222.19, compared to a net profit of ¥25,654,048.95 in the previous period[31] Cash Flow - The net cash flow from operating activities dropped by 95.00% to ¥1,080,337.72, down from ¥21,586,623.23 in the previous year[5] - The net cash flow from operating activities was 1,080,337.72, a significant decrease from 21,586,623.23 in the previous period[37] - Total cash inflow from operating activities amounted to 263,842,118.94, compared to 271,058,008.37 previously, reflecting a decrease of approximately 2.4%[36] - Cash outflow from operating activities increased to 262,761,781.22 from 249,471,385.14, representing an increase of about 5.3%[36] - The net cash flow from financing activities improved significantly, showing an increase of 320.92% to ¥85,979,822.33 from -¥38,918,979.37 year-on-year[14] - The net cash flow from financing activities was 85,979,822.33, a recovery from -38,918,979.37 in the previous period[39] - Cash inflow from financing activities was 92,117,864.28, up from 46,365,234.81, indicating an increase of approximately 98.5%[37] - The net cash flow from investing activities was -81,797,771.34, a decrease from -116,628,948.08 in the previous period[37] - The total cash outflow for investing activities was 89,021,371.34, down from 116,817,599.24, indicating a decrease of approximately 23.9%[37] - The company reported a cash inflow of 7,223,600.00 from investment activities, compared to 188,651.16 previously, marking a significant increase[37] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,933,844,500.95, a slight decrease of 0.03% from ¥2,934,715,215.12 at the end of the previous year[5] - Total liabilities increased to ¥1,401,221,344.77, compared to ¥1,399,965,576.75 in the previous period[26] - The company's total equity attributable to shareholders was ¥1,533,755,562.90, a slight increase from ¥1,531,723,536.02 in the previous period[26] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 16,067[15] - The largest shareholder, Chen Ankang, holds 31.16% of the shares, totaling 134,703,476 shares[17] - The number of shares held by the top ten shareholders includes significant stakes from Chen Ankang and Chen Shu, with 33,675,869 and 17,958,108 shares respectively[18] - The company has 5,795,219 shares under lock-up due to executive restrictions, with 1,453,783 shares released during the current period[20] - The total number of shares held by Hu Bing is 2,090,700, all held through margin trading accounts[19] Expenses - Management expenses increased by 40.11% to ¥32,262,025.32, compared to ¥23,026,054.39 in the previous year[12] - Research and development expenses for the current period were ¥9,703,063.27, compared to ¥10,547,400.69 in the previous period, indicating a decrease[30] - The company experienced a 128.71% increase in taxes and surcharges, amounting to ¥2,928,107.64 compared to ¥1,280,253.79 in the previous year[12] Inventory and Receivables - The total inventory reported is 365,219,072.71 RMB, showing a slight increase from the previous period[23] - The total amount of receivables, including notes and accounts, is reported at 344,713,637.54 RMB[23] - The company has 20,603,848.02 RMB in receivables financing, which decreased from the previous period[23] - The company has a total of 39,400,159.93 RMB in long-term equity investments, unchanged from the previous period[23] - The total fixed assets amount to 1,220,447,496.31 RMB, reflecting a minor increase from the previous period[23] Credit and Impairment - The company reported a credit impairment loss of ¥1,429,217.62, compared to a loss of ¥615,233.32 in the previous period[31] Cash and Cash Equivalents - The ending balance of cash and cash equivalents was 175,988,006.08, down from 409,954,988.77[39] - Cash received from tax refunds was 15,690,220.02, compared to 16,270.25 previously, showing a slight decrease[36]