证券代码：301149 证券简称：隆华新材 公告编号：2025-027 2、 本次股东大会不涉及变更前次股东大会决议。 一、 会议召开和出席情况 （一） 会议召开时间： 1、现场会议召开时间：2025 年 5 月 15 日（星期四）上午 10:00 2、网络投票时间：2025 年 5 月 15 日。其中： 山东隆华新材料股份有限公司 2024 年年度股东大会决议公告 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，并对其内容的真实性、准确性和完整性承担个别及连 带责任。 特别提示 1、 本次股东大会不存在变更、否决议案的情形； （1）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 5 月 15 日上午 9:15-9:25，9:30-11:30，下午 13:00-15:00； （2）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 5 月 15 日上午 9:15 至下午 15:00 期间的任意时间。 （二）召开地点：山东省淄博市高青县支脉河路 289 号隆华高材五楼会议室 （三）召开方式：采取现场投票与网络投票相结合 现场投票：包括 ...

Group 1: Company Overview - Shandong Longhua New Materials Co., Ltd. has a production capacity of 40,000 tons for polyamide resins, including PA66 and specialty nylon products [2] - The company is involved in various sectors such as mechanical manufacturing, automotive, electronics, and textiles [4] Group 2: Product Applications - Polyamide resin products can be applied in low-altitude economic fields, including drones [2] - The company’s polyamide products are utilized in humanoid robots, including components like masks and joint structures [4][6] Group 3: Financial Performance - The gross profit margin for polyether polyols in 2024 is reported to be 3.84%, reflecting a decline compared to the previous period due to market factors [4] - The sales revenue for polyether polyols in 2024 is projected to be ¥5,512,686,232.88 [6] Group 4: Market Impact and Strategy - The direct export amount to the U.S. constitutes a very low percentage of the company's total revenue, indicating limited exposure to potential tariff impacts [6] - The company is closely monitoring policy changes and is prepared to adjust its operational plans accordingly [6] Group 5: Customer Base - The company has clients in the new energy vehicle sector [4][6]

证券代码：301149 证券简称：隆华新材 公告编号：2025-026 山东隆华新材料股份有限公司 关于参加 2025 年山东辖区上市公司投资者 网上集体接待日活动的公告 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，并对其内容的真实性、准确性和完整性承担个别及连 带责任。 为进一步加强与投资者的互动交流，山东隆华新材料股份有限公司（以下简 称"公司"）将参加由山东证监局、山东上市公司协会与深圳市全景网络有限公 司联合举办的"2025 年山东辖区上市公司投资者网上集体接待日活动"，现将 相关事项公告如下： 本次活动将采用网络远程的方式举行，投资者可登录"全景路演"网站 （http://rs.p5w.net）；或关注微信公众号（名称：全景财经）；或下载全景路 演 APP，参与本次互动交流。活动时间为 2025 年 5 月 15 日(周四)15:00-16:30。 届时公司副董事长、副总经理、财务总监齐春青女士，董事、总经理张萍女士， 副总经理、董事会秘书徐伟先生将在线就公司 2024 年度业绩、公司治理、发展 战略、经营状况和可持续发展等投资者关心的问题，与投资 ...

Core Viewpoint - The demand for polymer foam materials is increasing due to rising living standards and the need for comfort, safety, and environmental protection. The market size of China's polymer foam materials industry is projected to grow from 1.2 trillion yuan in 2019 to 2.3 trillion yuan in 2024, with a compound annual growth rate of 13.9% [1][14]. Industry Overview - Polymer foam materials are characterized by a porous structure, low density, and excellent thermal insulation, sound absorption, and fire resistance properties. They can be categorized into various types, including polyurethane, polystyrene, polyethylene, and polypropylene foams [3][5]. - The industry has evolved through four stages: initiation (1980-1992), development (1993-2005), rapid development (2006-2015), and transformation (2015-present) [5]. Industry Chain - The upstream of the polymer foam materials industry includes raw materials such as plastics, rubber, catalysts, and foaming agents, primarily sourced from the petrochemical industry. The midstream involves the production of polymer foam materials, while the downstream encompasses applications in construction, packaging, consumer electronics, and transportation [8]. Market Demand and Applications - Polymer foam materials are widely used in construction for insulation, soundproofing, and fire protection, in the automotive industry to reduce weight and enhance safety, and in packaging to protect products and reduce costs. The packaging market in China is expected to reach approximately 1.2 trillion yuan in 2024, reflecting a year-on-year increase of 3.99% [12][14]. Competitive Landscape - The industry is becoming increasingly competitive, with numerous companies entering the market. Key players include Changzhou Tiangsheng New Materials Group Co., Ltd., Hubei Xiangyuan New Materials Technology Co., Ltd., and others. Companies must enhance their technology, product quality, and cost efficiency to remain competitive [18][20]. Development Trends 1. **Environmental Focus**: The industry is moving towards environmentally friendly practices, including the reduction or elimination of harmful substances in production processes [24]. 2. **Multifunctionality**: Future developments will focus on enhancing the functionalities of polymer foam materials, such as adding flame retardant, anti-static, and antibacterial properties [25]. 3. **Intelligent Manufacturing**: The industry is transitioning towards smart and automated manufacturing processes, integrating information technology with production techniques to drive sustainable development [27].

Core Viewpoint - 隆华新材 is focused on enhancing its core competitiveness and expanding its market presence through innovative product development and strategic investments in production capacity [2][7]. Company Performance - In Q1 2025, 隆华新材 reported a main revenue of 1.509 billion yuan, an increase of 11.52% year-on-year; net profit attributable to shareholders was 57.1247 million yuan, up 19.52% year-on-year; and net profit after deducting non-recurring items was 48.5165 million yuan, an increase of 9.42% year-on-year [8]. Product Development and Innovation - 隆华新材 emphasizes "energy-saving, high efficiency, and high quality" in its product research and development, with a focus on creating green and low-carbon smart factories [2]. - The company has developed a high-performance polyether production line with a capacity of 150,000 tons per set, featuring innovative production processes that fill domestic gaps [2][5]. Market and Application - The company's polyether products are primarily used in soft home furnishings, automotive, footwear, sports, and construction waterproofing sectors [3]. - 隆华新材's polyamide resin products are widely applied in mechanical manufacturing, automotive, electronics, and textiles [3]. Strategic Projects - The company is planning a high-performance modified polymer materials project and is in the commissioning phase for its nylon 66 phase one project, which is expected to contribute significantly to revenue and profit once fully operational [2][3]. Financial Management and Shareholder Returns - 隆华新材 has a history of stable cash dividends, with plans to distribute 0.80 yuan per 10 shares for the 2024 fiscal year [7]. - The company maintains a debt ratio of 44.86% and has implemented measures to manage credit risk effectively, ensuring no bad debts have occurred [8]. Market Expansion - 隆华新材 is actively exploring overseas markets, with its polyether products already sold in over 60 countries and regions, including Southeast Asia and Europe [6].

Group 1: Company Performance and Projects - The company has a low direct export amount to the U.S., which constitutes a minimal percentage of total revenue [3] - The production capacity of the high-performance polyether series has reached 970,000 tons, with ongoing projects to expand capacity [5][7] - The company’s nylon 66 project has entered the debugging and trial production phase, with expected contributions to revenue and profit pending [3] Group 2: Product Advantages and Market Position - The company’s POP products feature advantages such as water resistance, low viscosity, high solid content, low VOC, and high whiteness [4] - The polyether products are primarily used in various industries, including soft furniture, automotive, and construction [4][6] - The company is focusing on high-value-added products to improve profitability amidst low margins in basic polyether products [5] Group 3: Financial Management and Investor Relations - The company has a commitment to cash dividends, distributing RMB 1.00 per 10 shares in 2021 and 2022, and RMB 1.50 per 10 shares in 2023, with a proposed RMB 0.80 per 10 shares for 2024 [8] - The company emphasizes maintaining transparent information disclosure to protect the rights of minority investors [8] - The company has implemented a market value management system to enhance long-term investment value [7] Group 4: Risk Management and Credit Evaluation - The company employs a "payment in advance" sales model while offering credit to select high-quality customers, assessing credit risk through a robust evaluation system [5] - Measures such as optimizing contract terms and purchasing credit insurance are in place to mitigate credit risk [5]

摘要 • 公司 4 万吨特种尼龙项目进行技术改造，计划 6 月开始，将产能提升至 10 万吨，预计增加投资两三千万，总投资接近 4 亿元。技改完成后单吨净利 预计可达 1,000 元左右。 • 2024 年公司出口量达 8.67 万吨，同比增长 19.42%。2025 年一季度出 口量为 2.75 万吨，同比增长 18.92%，毛利率保持在 12%。尽管关税影 响不确定，预计今年总体增速平稳。 龙华新材在过去几个季度中经营情况出现波动的原因是什么？ 隆华新材 2025042120250416 • 2025 年第一季度，龙华新材营收 15.09 亿元，同比增长 11.52%；净利 润 5,712.47 万元，同比增长 19.52%。聚醚系列产品总销量达 19.68 万 吨，同比增长 30.07%，创历史最佳季度销量，主要受益于规模和成本优 势。 • 龙华新材计划 2025 年扩产 33 万吨聚醚，包括 4 万至 10 万吨端氨基聚醚 技改项目，预计年底完成。尼龙 66 二期 8 万吨扩产项目也在推进中，建 成后聚酰胺树脂系列总产能将达 12 万吨。 • 公司看好 POP 和高回弹泡沫市场，尤其是在汽车行业，高端 ...

Group 1: Ganyuan Food (甘源食品) - Ganyuan Food plans to conduct in-depth research in the Southeast Asian market starting Q4 2024, with an accelerated product export strategy in 2025 [1] - The company is addressing raw material fluctuations through advance reserves, supply chain alternatives, and increasing direct procurement [1] - The growth in accounts receivable is primarily due to the staggered impact of the Spring Festival, leading to increased receivables during peak sales periods [1] - The comprehensive nut and bean snack series growth is attributed to bulk snack channels and overseas markets [1] - A significant promotional effort in Q1 2024 resulted in lower e-commerce gross margins, but gross margins are expected to rise year-on-year in Q1 2025 [1] - Sales expenses in Q1 2025 are expected to increase due to the initiation of the Southeast Asia export strategy, including market research, product design, and new celebrity endorsement fees [1] Group 2: Tianshan Aluminum (天山铝业) - Tianshan Aluminum provided detailed insights on alumina price trends, Indonesian project progress, high-purity aluminum sales, and aluminum foil capacity planning [2] - Alumina prices are expected to rise in 2024, followed by a decline in 2025 due to the release of new capacity [2] - The Indonesian bauxite mine has been successfully delivered, and the alumina project has received environmental approval [2] - High-purity aluminum sales increased by 50% year-on-year, and aluminum foil capacity is gradually expanding [2] - The company aims to maintain a debt-to-asset ratio around 40% and plans to distribute at least 30% of distributable profits as cash dividends over the next three years [2] - The company has set clear carbon emission targets, aiming for a 13.5% reduction in energy consumption per unit of output and an 18% reduction in CO2 emissions per unit product by the end of 2025 [2] Group 3: Longhua New Materials (隆华新材) - Longhua New Materials specializes in the large-scale production of polyether polyols and polyamide resins, focusing on high-performance and environmentally friendly new materials [3] - The company expects total revenue of approximately 5.62 billion yuan in 2024, a year-on-year increase of 12.01%, while net profit is projected to decline by 30.90% [3] - In Q1 2025, the company anticipates revenue of approximately 1.51 billion yuan, a year-on-year increase of 11.52%, with net profit expected to rise by 19.52% [3] - The polyether industry is in a mature phase with broad market applications, and the company has developed proprietary production processes and equipment [3] - Ongoing projects include a 330,000-ton polyether polyol expansion and the first phase of a nylon 66 project with a production capacity of 40,000 tons [3] - The company has a minimal direct export volume to the U.S. and plans to implement measures to address complex external environments [3]

山东隆华新材料股份有限公司投资者关系活动记录表 编号：IR-2025002 | | 特定对象调研 □分析师会议  | | --- | --- | | 投资者关系活 | □媒体采访 □业绩说明会 | | 动类别 | □新闻发布会 □路演活动 | | | □现场参观 | | |  其他 （电话会议） | | | 长城财富保险资管 胡纪元；天弘基金 丁雪松；泰康香港 尹煜 | | | 晖；诺安基金 张伟民；上银基金 林竹；宝盈基金 侯星宇、何 | | | 相事；长江证券 李昊明；汇泉基金 陈谦；上海季胜投资 俞忠 | | | 华；中金公司 袁咪；摩根士丹利华鑫基金 张迪欧；天风证券 唐 | | | 婕、郭建奇；上海五聚资管 王鑫；东兴证券 朱佳怡；上海合 | | | 远基金 王烨华；鹏华基金 杨浩；北京源峰基金 雷蒙；兴银基 | | | 金 石亮；LCRICH CAPITAL MANAGEMENT 闫慧辰；东兴基金 周 | | | 昊；中信建投基金 谢玮；光大保德信 苏淼；上海途灵 赵梓峰； | | | 光大证券 朱成凯；玄卜投资 韦琦；Hao Advisors Management | | 参与单位名称 及人 ...

证券代码：301149 证券简称：隆华新材 公告编号：2025-025 山东隆华新材料股份有限公司 关于举办2024年度网上业绩说明会的公告 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，并对其内容的真实性、准确性和完整性承担 个别及连带责任。 一、说明会召开的时间、地点和方式 会议召开时间：2025 年 4 月 29 日（星期二）15:00-16:30 会议召开时间：2025 年 4 月 29 日（星期二）15:00-16:30 会议召开方式：网络互动方式 会议召开地点：价值在线（www.ir-online.cn） 会 议 问 题 征 集 ： 投 资 者 可 于 2025 年 4 月 29 日 前 访 问 网 址 https://eseb.cn/1mTNER0gWMo 或使用微信扫描下方小程序码进行会前提 问，公司将通过本次业绩说明会，在信息披露允许范围内就投资者普遍 关注的问题进行回答。 会议召开地点：价值在线（www.ir-online.cn） 会议召开方式：网络互动方式 二、参加人员 参加本次年度报告网上业绩说明会的人员包括： 1、齐春青女士（副董事长 ...