中信证券股份有限公司 关于江苏瑞泰新能源材料股份有限公司 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：瑞泰新材 保荐代表人姓名：康昊昱 联系电话：010-60834621 保荐代表人姓名：庞雪梅 联系电话：010-60833116 现场检查人员姓名：康昊昱 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 2 月 10 日、2025 年 4 月 22 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： 1、对上市公司董事等有关人员进行访谈； 2、查阅上市公司最新章程、三会议事规则及会议材料； 3、察看上市公司的主要生产、经营、管理场所； 4、对有关文件、原始凭证及其他资料或者客观状况进行查阅、复制、记录、照相； 5、检查或者走访对上市公司损益影响重大的控股或参股公司； 6、取得上市公司关联方清单； 7、取得上市公司董事、监事、高级管理人员名单及其变化情况，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 ...

Group 1 - The A-share market showed mixed performance on April 30, with active trading in new energy concept stocks, particularly the ChiNext New Energy ETF, which rose by 1.96% [1] - The ChiNext New Energy ETF is the only ETF tracking the ChiNext New Energy Index, covering sectors such as solar, wind, biomass, nuclear energy, and various components of the new energy vehicle industry [1] - The first offshore photovoltaic project built in high wind speed sea areas, the 180 MW offshore photovoltaic power station project by the Three Gorges Group, has achieved full capacity grid connection in Fujian, providing approximately 300 million kWh of clean electricity annually [1] Group 2 - The large-scale installation of offshore photovoltaic systems is expected to accelerate between 2025 and 2027, with full-scale development anticipated by 2030 [2] - The domestic offshore wind power sector is experiencing upward trends, with positive export conditions and accelerated commercialization of floating wind power [2] - The photovoltaic industry is seeing price rebounds and inventory declines, with recommendations to focus on glass and battery cell manufacturers that have undergone sufficient corrections [2]

Financial Performance - In 2024, the company achieved a revenue of ¥2,101,954,593.52, a decrease of 43.47% year-on-year [3] - The net profit attributable to shareholders was ¥84,600,941.21, down 81.86% year-on-year [3] - The net profit after deducting non-recurring gains and losses was ¥81,688,257.01, a decline of 81.59% year-on-year [3] - The company recognized an investment loss of ¥81,415,451.89 due to significant goodwill impairment from a key supplier [3] Market Dynamics - The lithium-ion battery materials market is experiencing intensified competition, with prices of key products continuing to decline [3][6] - The demand for lithium-ion battery materials is expected to expand due to the growth of the new energy vehicle sector and advancements in battery technology [4][6] - The global energy storage market is witnessing substantial growth driven by renewable energy development and increasing demand for data centers [5] Future Growth Drivers - The company aims to leverage its technological and scale advantages in lithium-ion battery materials to meet the evolving needs of core customers [4] - The optical film sector is anticipated to benefit from the domestic shift in LCD production and ongoing upgrades in consumer electronics [6] - The functional silane market is projected to grow steadily, driven by demand from emerging industrial applications and the increasing entry barriers in the industry [6] Industry Outlook - The lithium-ion battery materials industry is in a deep adjustment period, with companies slowing down capacity release amid fierce competition [6] - The functional silane sector is entering a new phase of high-quality development, with China becoming the largest producer and consumer globally [6] - The company plans to expand its product range and enhance technical services to strengthen its competitive position in the market [6]

Financial Performance - The company's revenue for Q1 2025 was ¥465,187,906.52, a decrease of 16.37% compared to ¥556,252,592.79 in the same period last year[5] - Net profit attributable to shareholders was ¥26,275,253.72, down 38.54% from ¥42,750,557.95 year-on-year[5] - Basic and diluted earnings per share decreased by 33.33% to ¥0.04 from ¥0.06 in the same period last year[5] - Total operating revenue for the current period was ¥465,187,906.52, a decrease of 16.4% compared to ¥556,252,592.79 in the previous period[19] - Net profit for the current period was ¥30,800,050.99, a decline of 37.2% from ¥49,080,145.38 in the previous period[20] - The net profit attributable to the parent company was ¥26,275,253.72, down 38.6% from ¥42,750,557.95 in the previous period[20] Cash Flow - The net cash flow from operating activities improved significantly, reaching -¥7,573,595.17, an 87.43% increase compared to -¥60,248,227.47 in the previous year[5] - The net cash flow from operating activities was -$7,573,595.17, a significant improvement from -$60,248,227.47 in the previous period, indicating a reduction in cash outflow[22] - The net cash flow from investment activities was -$764,641,371.33, a decline from $398,639,550.42 in the previous period, suggesting increased investment expenditures[22] - Cash inflow from financing activities amounted to $496,512,950.42, up from $226,010,239.20 in the prior period, indicating enhanced financing efforts[23] - The net cash flow from financing activities was -$76,012,161.49, a decrease from $179,053,551.64 in the previous period, reflecting higher cash outflows for debt repayment and dividends[23] Assets and Liabilities - Total assets at the end of Q1 2025 were ¥9,836,324,754.84, a decline of 1.78% from ¥10,014,293,856.03 at the end of the previous year[5] - Total liabilities decreased to ¥2,347,805,349.22, down from ¥2,575,259,625.07 in the previous period[18] - The total equity attributable to the parent company increased to ¥7,172,341,823.99, up from ¥7,128,245,646.63 in the previous period[18] Investment and Income - The company reported a significant increase in investment income, which rose to ¥16,996,484.85, a 476.57% increase compared to -¥4,513,446.19 in the previous year[9] - The company reported a cash inflow of $20,368,756.78 from investment income, significantly higher than $2,530,145.05 in the previous period, indicating improved investment performance[22] - The company received $3,000,000,000.00 from investment recoveries, a notable increase from $780,000,000.00 in the previous period, highlighting successful divestments[22] Shareholder Information - The total number of common shareholders at the end of the reporting period is 42,978[10] - Jiangsu Guotai International Group Co., Ltd. holds 68.18% of the shares, amounting to 500,000,000 shares[10] - The total number of shares held by the top 10 shareholders is 520,000,000 shares, with no changes in restricted shares during the period[13] - The company has no preferred shareholders or changes in restricted shares during the reporting period[12] - There are no significant changes in the shareholding structure or any related party transactions disclosed among the top shareholders[11] Comprehensive Income and Expenses - The company reported a comprehensive income total of ¥49,343,488.46, an increase from ¥42,537,495.33 in the previous period[20] - Research and development expenses were ¥17,886,532.82, slightly down from ¥18,761,891.11 in the previous period[19] - The company experienced a 120.27% increase in financial expenses, amounting to ¥3,934,603.55, primarily due to reduced interest income from idle funds[9] Current Assets and Cash Equivalents - The company's cash and cash equivalents at the end of the period amount to ¥1,759,180,188.36, down from ¥2,612,478,089.06 at the beginning of the period, a decrease of approximately 32.6%[16] - The total current assets decreased from ¥7,112,261,541.32 to ¥6,942,353,374.21, reflecting a decline of about 2.4%[16] - The company's long-term equity investments are valued at ¥435,159,272.86, slightly down from ¥436,073,514.93[16] - Fixed assets decreased from ¥1,478,486,245.88 to ¥1,462,767,879.34, a reduction of approximately 1.1%[16]

Core Viewpoint - The financial performance of Jiangsu Ruitai New Material Co., Ltd. (Ruitai New Material) in 2024 shows significant declines in key metrics, indicating challenges faced by the company in a competitive market environment [1][9]. Financial Performance - The company reported a revenue of 2,101,954,593.52 yuan in 2024, a decrease of 43.47% from 3,718,330,054.47 yuan in 2023 [2]. - The net profit attributable to shareholders was 84,600,941.21 yuan, down 81.86% from 466,422,427.89 yuan in the previous year [3]. - The net cash flow from operating activities fell by 96.09%, from 568,791,506.33 yuan in 2023 to 22,216,462.35 yuan in 2024 [7]. Revenue Breakdown - The electronic chemicals segment generated revenue of 1,989,251,005.32 yuan, a decline of 44.80%, accounting for 94.64% of total revenue [2]. - The organic silicon materials segment reported revenue of 99,358,018.36 yuan, down 7.31%, representing 4.73% of total revenue [2]. Cost and Expense Analysis - Sales expenses decreased by 9.33% to 27,262,102.86 yuan, while management expenses increased by 4.61% to 122,827,872.65 yuan [4]. - Financial expenses rose by 55.46% to -39,367,029.75 yuan, primarily due to increased interest expenses from higher borrowing [4]. Research and Development - Ruitai New Material invested 72,219,505.10 yuan in R&D, accounting for 3.44% of total revenue, despite a decrease from the previous year [5]. - The number of R&D personnel increased by 4.94% to 170, with a focus on enhancing technical innovation capabilities [5]. Cash Flow and Investment Activities - The net cash flow from investment activities was -2,751,450,220.35 yuan, a significant decline compared to 360,128,310.09 yuan in 2023 [7]. - The net cash flow from financing activities decreased by 68.05% to 369,700,405.41 yuan, reflecting a reduction in new bank loans [7]. Market Challenges - The company faces intensified competition in the lithium-ion battery materials sector, with production capacity outpacing demand growth, leading to declining product prices [2][3]. - Multiple risk factors, including market competition, technological changes, and raw material price fluctuations, pose challenges to the company's future development [8][9].

证券代码：301238 证券简称：瑞泰新材 公告编号：2025-024 江苏瑞泰新能源材料股份有限公司 （2）网络投票时间为：通过深圳证券交易所系统进行网络投票的具体时间 为2025年5月16日9:15-9:25, 9:30-11:30和13:00-15:00；通过深圳证券交易所互联网 投票系统开始投票的时间为2025年5月16日9:15，结束时间为2025年5月16日15:00。 关于召开 2024 年度股东大会的通知 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。 一、召开会议的基本情况 1. 股东大会届次：2024年度股东大会 2. 股东大会的召集人：公司董事会，公司第二届董事会第十三次会议决议召 开2024年度股东大会。 3. 会议召开的合法、合规性：本次股东大会会议召开符合有关法律、行政法 规、部门规章、规范性文件、深交所业务规则和公司章程的相关规定。 4. 会议召开的日期、时间： （1）现场会议召开时间为：2025年5月16日（星期五）14:30 5. 会议的召开方式：本次会议采用现场表决和网络投票相结合的方式召开。 6. 会议的股权登记日：202 ...

证券代码：301238 证券简称：瑞泰新材 公告编号：2025-014 江苏瑞泰新能源材料股份有限公司 第二届监事会第十次会议决议公告 本公司及监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。 一、监事会会议召开情况 江苏瑞泰新能源材料股份有限公司（以下简称"公司"）第二届监事会第十 次会议，于 2025 年 4 月 14 日以电子邮件、传真和送达等方式发出通知，并于 2025 年 4 月 24 日以现场和通讯相结合的方式在公司会议室召开（其中郭军先 生、李建中先生以通讯方式出席会议）。本次会议应出席监事四名，实际出席监 事四名。会议由监事会主席郭军先生召集并主持，本次会议的召开程序符合有关 法律、行政法规、部门规章、规范性文件和公司章程的规定。 二、监事会会议审议情况 1、审议了《2024 年度监事会工作报告》 本议案详细内容见公司指定信息披露报纸《证券时报》《证券日报》《中国 证券报》《上海证券报》和指定信息披露网站巨潮资讯网 http://www.cninfo.com.cn 的《2024 年度监事会工作报告》。 表决结果：同意 4 票、反对 0 票、弃权 0 票。 ...

证券代码：301238 证券简称：瑞泰新材 公告编号：2025-013 江苏瑞泰新能源材料股份有限公司 第二届董事会第十三次会议决议公告 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。 一、董事会会议召开情况 江苏瑞泰新能源材料股份有限公司（以下简称"公司"）第二届董事会第十三次 会议，于 2025 年 4 月 14 日以电子邮件、传真和送达等方式发出通知，并于 2025 年 4 月 24 日以现场和通讯相结合的方式在公司会议室召开（其中周中胜先生以通讯 方式出席会议）。本次会议由董事长张子燕召集并主持，应出席董事九名，实际出席 董事九名，公司监事及高级管理人员列席了会议。本次会议的召开程序符合有关法 律、行政法规、部门规章、规范性文件和公司章程的规定。 1、审议通过《2024 年度总裁工作报告》 表决结果：同意 9 票、反对 0 票、弃权 0 票。 2、审议通过《2024 年度董事会工作报告》 本议案详细内容见《瑞泰新材：2024 年年度报告》第三节"管理层讨论与分析" 及第四节"公司治理"。 独立董事贾金平先生、周中胜先生、单锋先生、朱萍女士向董事会提交了 ...

江苏瑞泰新能源材料股份有限公司 2024 年度利润分配方案的公告 本公司及董事会全体成员保证信息披露内容的真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 重要内容提示： 1、公司 2024 年度利润分配方案为：拟以公司现有总股本 733,333,300 股为 基数，向全体股东每 10 股派发现金股利 1.00 元（含税），合计派发现金股利 73,333,330.00 元（含税），剩余未分配利润结转入下一年度。本年度不送红股， 不进行公积金转增股本。 2、公司不触及《深圳证券交易所创业板股票上市规则》第 9.4 条第（八） 项规定的可能被实施其他风险警示情形。 一、审议程序 证券代码：301238 证券简称：瑞泰新材 公告编号：2025-023 根据《上市公司监管指引第 3 号——上市公司现金分红》《深圳证券交易所 上市公司自律监管指引第 2 号——创业板上市公司规范运作》及《公司章程》等 相关规定，综合考虑公司实际经营情况、发展规划和投资者利益，经公司召开的 第二届董事会第十三次会议审议通过，公司 2024 年度利润分配方案为：拟以公 司现有总股本 733,333,300 股为基数，向全体股东每 1 ...

中信证券股份有限公司 关于江苏瑞泰新能源材料股份有限公司 中信证券股份有限公司（以下简称"中信证券""保荐人"）作为江苏瑞泰新能 源材料股份有限公司（以下简称"瑞泰新材""公司"）首次公开发行股票并上市的 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》《上市公司监管指引第 2 号——上市公司募集资金管理和使用的监管 要求》《深圳证券交易所上市公司自律监管指引第 2 号——创业板上市公司规范 运作》等有关规定，就瑞泰新材部分募投项目结项并将节余募集资金永久补充流 动资金的事项进行了审慎核查，具体情况如下： 一、募集资金到位及基本使用情况 （一）募集资金的基本情况 经中国证券监督管理委员会《关于同意江苏瑞泰新能源材料股份有限公司首 次公开发行股票注册的批复》（证监许可[2022]541 号）核准，并经深圳证券交易 所同意，江苏瑞泰新能源材料股份有限公司首次公开发行人民币普通股（A 股） 股票 183,333,300 股，发行价格为人民币 19.18 元/股，募集资金总额为人民币 3,516,332,694.00 元，扣除发行费用人民币 128,263,660.67 元（不含税） ...