Core Viewpoint - The company has successfully conducted trial operations for the carbonization process of its carbon fiber-based materials, targeting high-performance applications in aerospace and high-end equipment manufacturing [1] Group 1: Product Development - The carbon fiber-based products are positioned for high-performance applications, specifically in industries with stringent material performance requirements [1] - Initial contact and communication have been established with downstream customers in relevant fields [1] Group 2: Future Plans - The company plans to advance product sampling, testing, and certification in accordance with industry standards and customer needs [1] - Progress updates will be announced in a timely manner based on information disclosure requirements [1]

（编辑 袁冠琳） 证券日报网12月18日讯 和顺科技在12月18日回答调研者提问时表示，公司产品定价主要结合市场环 境、供求状况等进行系统分析，综合考虑成本以及技术难度等而定，在不同的时间段以及不同的客户会 有不同的定价策略。 ...

Group 1: Company Overview and Core Business - Hangzhou Heshun Technology Co., Ltd. (referred to as "Heshun Technology") was established in 2003 and focuses on the research, production, and sales of differentiated, functional biaxially oriented polyester film materials [2] - The company produces various specifications, models, and applications of polyester film products, including colored optoelectronic base films, other functional films, and transparent films, which are widely used in consumer electronics and automotive sectors [2] - Heshun Technology is actively expanding into the high-performance carbon fiber sector to explore new business growth points [2] Group 2: Industry Outlook - The current state of the film industry is approaching a bottom range, with the entire industry facing losses, which is accelerating the optimization of the competitive landscape [3] - Price adjustment initiatives led by industry leaders are expected to help the industry gradually escape the predicament of vicious price competition [3] - As industry consolidation accelerates, companies with technological and cost advantages are likely to gain a more favorable position in the competition [3] Group 3: Carbon Fiber Project Progress - The carbon fiber project has successfully completed trial runs in the carbonization phase, targeting high-performance applications in aerospace and high-end equipment manufacturing [4] - The company has initiated preliminary contacts and communications with downstream customers in relevant fields, planning to advance product sampling, testing, and certification according to industry standards and customer needs [4] - Production expansion plans will be made cautiously, considering market demand changes, product certification progress, technological iteration pace, and industry competition [4] Group 4: Business Strategy - The company will adopt a differentiated pricing strategy based on cost and technical difficulty, adjusting to market changes and enhancing product competitiveness [5]

每经AI快讯，和顺科技（SZ 301237，收盘价：46.8元）发布公告称，2025年12月18日15:00-16:00，和 顺科技接受长信基金等投资者调研，公司董事会秘书、财务总监吴学友先生，证券事务代表俞晓露女士 参与接待，并回答了投资者提出的问题。 2024年1至12月份，和顺科技的营业收入构成为：橡胶和塑料制品业占比97.66%，其他业务占比 2.34%。 每经头条（nbdtoutiao）——海南封关政策红利全解析：零关税、低个税、投资准入放宽、跨境资金自 由、创业扶持…… （记者 曾健辉） 截至发稿，和顺科技市值为37亿元。 ...

Group 1: Company Overview - Hangzhou Heshun Technology Co., Ltd. was established in 2003, focusing on the R&D, production, and sales of differentiated, functional biaxially oriented polyester film materials [2] - The company produces various specifications and models of polyester film products, including color optical base films, other functional films, and transparent films, applicable in consumer electronics and automotive sectors [2] - The company aims to expand its product series and application fields while exploring new materials, particularly in high-performance carbon fiber projects for sustainable development [2] Group 2: Industry Outlook - The current industry fundamentals are nearing a bottom range, with widespread losses prompting an accelerated optimization of the competitive landscape [3] - Pricing adjustments initiated by leading companies in the industry are expected to help gradually eliminate the vicious price competition [3] Group 3: Product Pricing Strategy - The company's product pricing strategy is based on systematic analysis of market conditions, supply and demand, costs, and technical difficulties, with variations depending on time and customer [3] Group 4: Carbon Fiber Project - The carbon fiber product's carbonization phase has successfully passed trials, targeting high-performance applications in aerospace and high-end equipment manufacturing [3] - Initial communications with downstream customers in relevant fields have begun, with plans for product sampling, testing, and certification to follow industry standards [3] - Expansion plans for the carbon fiber project will be carefully considered based on market demand, product certification progress, technological advancements, and competitive landscape [3]

Group 1 - The stock price of Heshun Technology (301237.SZ) fell by 3.09%, closing at 47.32 yuan, indicating that the stock is currently in a state of decline [1] - Heshun Technology was listed on the Shenzhen Stock Exchange's Growth Enterprise Market on March 23, 2022, with an initial public offering (IPO) of 20 million shares at a price of 56.69 yuan per share [1] - The total amount raised from the IPO was 1.134 billion yuan, with a net amount of 1.018 billion yuan, which exceeded the original plan by 403 million yuan [1] Group 2 - The funds raised are intended for the construction of a bi-directional stretched polyester film production base, a research and development center, and to supplement working capital [1] - The total issuance costs for the IPO amounted to 116 million yuan, including underwriting fees of approximately 93.99 million yuan [1]

证券代码：301237 证券简称：和顺科技 公告编号：2025-066 近日，公司使用闲置募集资金（含超募资金）在授权范围内购买的部分现金 管理产品已到期赎回，现将有关事项公告如下： 二、前 12 个月使用闲置募集资金进行现金管理的情况 杭州和顺科技股份有限公司 关于部分闲置募集资金（含超募资金）进行现金管理赎回的 进展公告 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。 杭州和顺科技股份有限公司（以下简称"公司"或"和顺科技"）于 2025 年 4 月 16 日召开了第四届董事会第六次会议、第四届监事会第六次会议审议通 过了《关于使用部分闲置募集资金（含超募资金）及自有资金进行现金管理的议 案》，同意公司使用合计不超过人民币 15,000 万元的闲置募集资金（含超募资 金）和不超过人民币 15,000 万元的自有资金投资于安全性高、流动性好、期限 不超过 12 个月的投资产品以增加资金收益，为公司和股东获取回报。上述资金 额度自董事会审议通过之日起十二个月内可循环滚动使用。 三、备查文件 1、现金管理产品赎回相关资料 特此公告。 杭州和顺科技股份有限公司 董 ...

Key Points - The article discusses recent developments in the Chinese financial and industrial sectors, highlighting regulatory measures and economic indicators that may impact investment opportunities and market stability [4][5][6]. Group 1: Regulatory Developments - The China Securities Regulatory Commission (CSRC) held a meeting to discuss the implementation of measures from the Central Economic Work Conference, emphasizing the need to enhance market stability and promote high-quality listed companies [4]. - The State Administration of Foreign Exchange (SAFE) also convened to ensure the stable operation of the foreign exchange market, focusing on maintaining the RMB exchange rate and international balance of payments [4]. Group 2: Economic Indicators - In November, the industrial added value of large-scale enterprises in China grew by 4.8% year-on-year, with a month-on-month increase of 0.44%. The cumulative growth for the first eleven months was 6.0% [5]. - The growth rates for different sectors in November included mining at 6.3%, manufacturing at 4.6%, and electricity, heat, gas, and water production and supply at 4.3% [5]. Group 3: Market Trends and Company News - The number of cities with rising new home prices increased in November, with Hefei and Xiangyang showing the highest growth rates [6]. - The Ministry of Industry and Information Technology announced the first batch of L3 conditional autonomous driving vehicle permits, marking a significant step towards commercialization in designated areas [6]. - The National Energy Administration projected that by 2025, total power generation capacity will exceed 3.8 billion kilowatts, with a year-on-year growth of 14% [6]. Group 4: Company-Specific Developments - Muxi Co., Ltd. will be listed on the Sci-Tech Innovation Board on December 17 [9]. - Aerospace Electronics plans to invest 727 million yuan to gain control of its subsidiary, Aerospace Rocket Company [12]. - TCL Technology intends to purchase a 10.77% stake in Shenzhen Huaxing Semiconductor for 6.045 billion yuan [21].

Group 1 - The core focus of the article is on the successful completion of the carbonization phase for the 350-ton M-grade carbon fiber project by Hangzhou Hexing Carbon Fiber Technology Co., Ltd., a subsidiary of Hangzhou Heshun Technology Co., Ltd. This marks a significant milestone in the company's carbon fiber production capabilities [2][3] - The T800-grade carbon fiber produced has reached international advanced performance standards, and the production line has entered a phase of continuous and stable operation [2][3] - The company plans to advance towards producing T1000-grade carbon fiber directly after completing the polymerization and spinning phases, skipping the T800-grade production [3] Group 2 - Hangzhou Heshun Technology has approved an increase in capital for its subsidiary, Hexing Carbon Fiber, using its own funds amounting to RMB 60 million, raising the registered capital from RMB 158 million to RMB 218 million, thus increasing its ownership stake from 87.3544% to 90.8349% [3]

Group 1 - Unicom Guowei has established a Central Research Institute focusing on the development of edge AI chips for applications in autonomous driving, embodied robots, and low-altitude flying vehicles [2] - The research will also include new types of storage devices based on two-dimensional materials and high-performance special sensor chips [2] - Aerospace Electronics plans to increase its investment in Aerospace Long March Rocket Technology Co., Ltd. by 728 million yuan, maintaining the existing shareholding structure [3] Group 2 - Aerospace Rainbow successfully completed the first flight test of its self-developed Rainbow-7 high-altitude, high-speed, long-endurance drone, achieving all preset parameters [4] - The project is still in the research and testing phase, with further rigorous testing and validation required before mass production [4] Group 3 - Changchun High-tech's subsidiary signed an exclusive licensing agreement for the GenSci098 injection project, potentially earning up to 1.365 billion USD in milestone payments [5] - The agreement includes an initial payment of 120 million USD and additional milestone payments related to development and commercialization [5] Group 4 - TCL Technology plans to acquire a 10.7656% stake in Shenzhen Huaxing Semiconductor for 6.045 billion yuan, increasing its ownership from 84.2105% to 94.9761% [26] - This acquisition aims to enhance TCL's competitiveness and profitability in the semiconductor display industry [26] Group 5 - Zhongmin Resources announced the successful ignition of its Tsumeb smelting plant's multi-metal comprehensive recycling project, with an annual processing capacity of 80,000 tons [11] - The project will produce various products, including germanium ingots and zinc ingots, with a design capacity of 33 tons/year for germanium [11] Group 6 - Xinhua Insurance reported a 16% year-on-year increase in original insurance premium income, totaling 188.85 billion yuan from January to November 2025 [43] - This growth reflects the company's strong performance in the insurance market [43]