证券代码：301160 证券简称：翔楼新材 公告编号：2025-055 苏州翔楼新材料股份有限公司 （一）债权人申报所需要的材料 公司债权人如要求公司清偿债务或提供相应担保的，应根据《公司法》等法 律、法规的有关规定向公司提出书面要求，并随附有关证明文件。债权申报所需 材料：公司债权人可持证明债权债务关系存在的合同、协议及其他凭证的原件及 复印件到公司申报债权。债权人为法人的，需同时携带法人营业执照副本原件及 复印件、法定代表人身份证明文件；委托他人申报的，除上述文件外，还需要携 带法定代表人授权委托书和代理人有效身份证的原件及复印件。债权人为自然人 的，需同时携带有效身份证的原件及复印件；委托他人申报的，除上述文件外， 还需要携带授权委托书和代理人有效身份证的原件及复印件。 （二）债权申报时间及方式 关于回购股份减少注册资本暨通知债权人的公告 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、 误导性陈述或者重大遗漏。 一、通知债权人的原由 苏州翔楼新材料股份有限公司（以下简称"公司"）于 2025 年 8 月 26 日召 开第三届董事会第二十八次会议，于 2025 年 9 月 12 ...

Market Performance - On September 11, the special steel sector rose by 1.04%, with Xianglou New Materials leading the gains [1] - The Shanghai Composite Index closed at 3875.31, up 1.65%, while the Shenzhen Component Index closed at 12979.89, up 3.36% [1] Individual Stock Performance - Xianglou New Materials (301160) closed at 64.98, with a gain of 4.29% and a trading volume of 39,600 lots, amounting to a transaction value of 254 million [1] - Fangda Special Steel (600507) closed at 5.73, up 1.78%, with a trading volume of 244,000 lots [1] - CITIC Special Steel (000708) closed at 12.96, up 1.33%, with a trading volume of 113,800 lots [1] - Other notable stocks include Jinzhou Pipeline (002443) at 7.17 (+0.99%), Shagang Group (002075) at 5.95 (+0.85%), and Jiuli Special Materials (002318) at 23.24 (+0.78%) [1] Fund Flow Analysis - The special steel sector experienced a net outflow of 112 million from main funds, while retail investors saw a net inflow of 110 million [1] - The detailed fund flow for individual stocks shows that Changbao Co. (002478) had a main fund net inflow of 6.82 million, while it faced a net outflow from speculative funds of 8.26 million [2] - Fangda Special Steel (600507) had a significant main fund net outflow of 12.08 million, with retail investors contributing a net inflow of 28.79 million [2]

Investment Rating - The steel industry is rated positively with a recommendation for leading companies and flexible targets in both the ordinary and special steel sectors [4][4][4]. Core Insights - The steel sector experienced a recovery in profits, with the SW Steel index rising by 3.82% in H1 2025 and 15.62% from July to now, indicating a positive trend in the industry [1][9][11]. - The profitability of the ordinary steel sector saw a significant year-on-year increase of 1831.92% in Q2 2025, while special steel experienced a slight decrease of 2.72% [2][16]. - The report highlights the ongoing optimization of steel production capacity, driven by policies aimed at reducing overcapacity and improving environmental standards [3][4][55]. Summary by Sections Steel Sector Performance - In H1 2025, the steel sector's performance was weaker than the Shanghai Composite Index, but improved significantly from July onwards, aligning closely with the index [11][12]. - The ordinary steel sector showed a 4.47% increase in H1 2025 and a 17.63% increase from July to now, while special steel increased by 5.03% and 10.41% respectively [12][13]. Financial Metrics - The steel sector's total revenue in H1 2025 was 945.53 billion, down 9.16% year-on-year, while net profit increased by 157.66% to 13.14 billion [16][16]. - The gross profit margin improved to 7.47% in Q2 2025, with a net profit margin of 1.89% [19][19]. Investment Recommendations - The report suggests focusing on leading companies in the ordinary steel sector, such as Hualing Steel and Baosteel, which are expected to benefit from policy support and improved profitability [4][4][4]. - For the special steel sector, companies benefiting from downstream demand in automotive and renewable energy sectors are recommended, including Xianglou New Materials and Jiuli Special Materials [4][4][4]. Market Trends - The report notes that manufacturing and direct exports are supporting steel demand, while the construction sector remains weak but shows signs of stabilization [3][4]. - The steel industry is expected to undergo significant capacity optimization, with new regulations promoting high-value, low-carbon production methods [55][55].

| 事项 | 存在的问题 | 采取的措施 | | --- | --- | --- | | 1.信息披露 | 无 | 不适用 | | 2.公司内部制度的建立和执行 | 无 | 不适用 | | 3．"三会"运作 | 无 | 不适用 | | 4.控股股东及实际控制人变动 | 无 | 不适用 | | 5.募集资金存放及使用 | 无 | 不适用 | | 6.关联交易 | 无 | 不适用 | | 7.对外担保 | 无 | 不适用 | | 8.购买、出售资产 | 无 | 不适用 | | 9.其他业务类别重要事项（包 括对外投资、风险投资、委托理 | 无 | 不适用 | | 财、财务资助、套期保值等） | | | | 10．发行人或者其聘请的证券 服务机构配合保荐工作的情况 | 无 | 不适用 | | 11.其他（包括经营环境、业务 | | | | 发展、财务状况、管理状况、核 | 无 | 不适用 | | 心技术等方面的重大变化情况） | | | 华泰联合证券有限责任公司 关于苏州翔楼新材料股份有限公司 2025 年半年度跟踪报告 | 保荐人名称：华泰联合证券有限责任公司 | 被保荐公司简称：翔楼新材 | | --- | - ...

证券之星消息，9月9日特钢板块较上一交易日下跌0.28%，翔楼新材领跌。当日上证指数报收于 3807.29，下跌0.51%。深证成指报收于12510.6，下跌1.23%。特钢板块个股涨跌见下表： | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | --- | --- | --- | --- | --- | --- | | 301160 | 翔楼新材 | 62.96 | -1.93% | 2.20万 | 1.39亿 | | 002443 | 金洲管道 | 7.19 | -1.64% | 10.87万 | 7842.06万 | | 600507 | 方大特钢 | 5.61 | -1.58% | 29.79万 | 1.68 Z | | 600117 | 西宁特钢 | 3.36 | -1.18% | 47.49万 | 1.61亿 | | 300881 | 盛德整泰 | 35.48 | -0.39% | 1.67万 | 5933.36万 | | 000708 | 中信特钢 | 12.95 | -0.38% | 16.01万 | 2.07亿 | | 002075 | 沙钢股份 | 5. ...

Investment Rating - The report maintains a "Buy" recommendation for several steel companies, including Hualing Steel, Baosteel, Nanjing Steel, and others, indicating a positive outlook for the sector [3][4]. Core Viewpoints - The steel industry is experiencing a dual weakness in supply and demand due to environmental production restrictions, with a focus on the recovery during peak demand seasons [3][4]. - Short-term impacts from environmental restrictions are expected to ease, leading to a gradual recovery in both supply and demand [3][4]. - Long-term capacity regulation remains a key theme, with expectations for more precise management to promote industry consolidation and improve profitability for steel companies [3][4]. Price Trends - As of September 5, 2025, steel prices showed mixed trends, with rebar prices at 3,260 CNY/ton, up 10 CNY/ton from the previous week, while other products like high-line and cold-rolled steel saw price declines [1][9]. - The report notes that the average price changes for various steel products over the past month and year reflect a complex market environment, with some products experiencing price increases while others decline [10][24]. Production and Inventory - As of September 5, 2025, total steel production decreased to 8.61 million tons, a reduction of 239,600 tons week-on-week, with rebar production specifically down by 18,800 tons [2][3]. - Total social inventory of major steel products increased by 311,800 tons to 10.765 million tons, indicating a build-up in stock levels despite reduced production [2][3]. Profitability - The report indicates a decline in steel margins, with estimated changes in gross profit for rebar, hot-rolled, and cold-rolled steel being -46 CNY/ton, -38 CNY/ton, and -36 CNY/ton respectively [1][3]. Investment Recommendations - The report recommends specific companies for investment, including Hualing Steel, Baosteel, Nanjing Steel in the general steel sector, and companies like Xianlou New Materials and CITIC Special Steel in the special steel sector [3][4].

Market Performance - On September 5, the special steel sector rose by 0.66% compared to the previous trading day, with Shengde Xintai leading the gains [1] - The Shanghai Composite Index closed at 3812.51, up 1.24%, while the Shenzhen Component Index closed at 12590.56, up 3.89% [1] Stock Performance - The following stocks in the special steel sector showed notable performance: - Shengde Xintai (300881) closed at 35.27, up 2.65% with a trading volume of 18,300 lots and a turnover of 64.38 million yuan [1] - Shagang Co. (002075) closed at 5.91, up 1.90% with a trading volume of 422,500 lots and a turnover of 24.7 million yuan [1] - Jiuli Special Materials (002318) closed at 22.17, up 1.74% with a trading volume of 100,700 lots and a turnover of 222 million yuan [1] Capital Flow - The special steel sector experienced a net outflow of 74.48 million yuan from institutional investors, while retail investors saw a net inflow of 71.35 million yuan [2][3] - The following stocks had significant capital flow: - Taigang Stainless (000825) had a net inflow of 9.22 million yuan from retail investors, despite a net outflow of 20.85 million yuan from institutional investors [3] - Xi'an Special Steel (600117) had a net inflow of 9.31 million yuan from retail investors, with a net outflow of 2.17 million yuan from institutional investors [3]

Group 1: Research Basic Information - The research object is Xianglou New Materials, belonging to the automotive parts industry, and the reception time was on September 4, 2025. The listed company's reception staff included the board secretary, Qian Yaqin, and the financial controller, Cao Jufen [16] Group 2: Detailed Research Institutions - The research institutions include Huafu Securities, Yangtze Asset Management, Minsheng Securities, Jiufang Zhitou, Mithril Investment, Shanghai Securities, Huajin Fund, Shenwan Hongyuan Securities, Guofu Fund, Gengji Investment, CITIC Asset Management, etc. [17][18][19] Group 3: Research Institutions Proportion - No relevant content provided Group 4: Main Content - The company's future 3 - 5 year development plan focuses on the main business, stabilizes the basic market, prioritizes the construction of the first - phase of the Anhui factory with the goal of full production in 2027. From 2028 - 2029, it will gradually increase the output of high - value - added products and optimize the product structure. It will also focus on development opportunities in new directions such as robotics [23] - The bearing business is currently in the 0 - to - 1 cultivation stage with low output. In the long run, the profit margin of bearing products is slightly higher than that of the automotive business, and it is a key expansion area in the future. By 2027, the Anhui factory plans to achieve a product structure of "half automotive and half bearing", and its profit contribution will gradually increase with output growth [23] - The price of bearing products is higher than that of automotive materials because of higher raw material costs and more complex manufacturing processes [23] - The company's bearing products focus on the stamping bearing field, have no steel - making process, and focus on small - batch customized products to meet strict performance requirements, mainly for bearing categories that need process improvement, such as silent shock - absorbing bearings and thrust bearings. They are used in automotive and mechanical equipment fields [24] - The company is promoting a non - public offering to reserve funds for the Anhui factory's production and future potential plans. The chairman is optimistic about the company's future 3 - 5 year development prospects and believes the current timing and price are reasonable, so he decided to participate in the subscription [24] - Due to high tariff costs, the company has postponed overseas market expansion and focuses on maintaining existing overseas customer relationships. The company's export proportion is not high, and most new business is domestic, so the tariff impact is limited [24] - The company's automotive materials are mainly small - batch customized products, so there is no "annual price reduction" requirement from customers. The automotive business profit margin has been generally stable in the past two years with small annual fluctuations [24] - The company's contracts with customers are mainly in the form of "framework agreements + orders". Some customers use the "monthly price adjustment" model, while others use the "half - year/three - month price lock" model, and price adjustment negotiations are mainly carried out within the price - lock period [24]

Market Overview - On September 4, the special steel sector declined by 0.96%, with Xianglou New Materials leading the drop [1] - The Shanghai Composite Index closed at 3765.88, down 1.25%, while the Shenzhen Component Index closed at 12118.7, down 2.83% [1] Stock Performance - Key stocks in the special steel sector showed varied performance, with Jinzhou Pipeline up by 1.71% and Xianglou New Materials down by 2.59% [2] - The trading volume and turnover for notable stocks included: - Jinzhou Pipeline: 180,000 shares, turnover of 128 million yuan - Xianglou New Materials: 24,500 shares, turnover of 153 million yuan - Shagang Co.: 608,400 shares, turnover of 356 million yuan [2] Capital Flow - The special steel sector experienced a net outflow of 128 million yuan from main funds, while retail investors saw a net inflow of 1.24 billion yuan [2] - The capital flow for specific stocks indicated: - Fushun Special Steel: Main funds net inflow of 13.54 million yuan, retail net outflow of 7.86 million yuan - Xianglou New Materials: Main funds net outflow of 5.03 million yuan, retail net inflow of 2.94 million yuan [3]

Group 1 - The company held an investor meeting on September 4, 2025, with 52 participating institutions to discuss future development plans and business layout [1] - The company aims to focus on its core business, prioritizing the construction of its Anhui factory, with a target to achieve full production by 2027 [1] - The company plans to gradually increase the production of high value-added products between 2028 and 2029, while also exploring new opportunities in robotics [1] Group 2 - The bearing business is a key development area for the company, currently in the cultivation stage with low production volume, but expected to contribute more profit as production increases [1] - The company plans for the product structure of the Anhui factory to be evenly split between automotive and bearing products by 2027, with bearing products having higher prices due to more complex manufacturing processes [1] - The company focuses on the stamping bearing sector, catering to small-batch customization needs for demanding performance requirements in automotive and machinery applications [1] Group 3 - The chairman participated in the company's non-public stock issuance to secure funding for the Anhui factory and future plans, believing the current timing and price are reasonable [2] - Due to high tariffs imposed by the U.S., the company has paused its overseas market expansion and is focusing on maintaining existing overseas customer relationships [2] - The automotive business maintains stable profit margins, with contracts primarily based on framework agreements and orders, allowing for flexible pricing adjustments [2]