Group 1: Key Insights on Weiteou (301319) - The recommendation logic indicates that electronic assembly materials are transitioning from domestic substitution to the global market, with perfluorohexane microcapsule fireproof materials expected to see significant growth in the new energy sector [4] - The company is projected to achieve revenues of 1,557 million, 2,133 million, and 2,796 million yuan from 2025 to 2027, with growth rates of 28.5%, 37.0%, and 31.1% respectively. Net profit is expected to be 102 million, 124 million, and 153 million yuan, with growth rates of 13.8%, 21.5%, and 23.5% [4] - Key catalysts include exceeding expectations in electronic assembly material orders, auxiliary welding material shipment ratios, and perfluorohexane microcapsule material orders [4] Group 2: Insights on Pharmaceutical Industry - The core viewpoint emphasizes the potential for domestic innovative drugs to break into international markets, driven by the "engineer dividend" which enhances clinical efficiency and data quality [5] - The report suggests that the domestic innovative drug pipeline is gaining recognition from multinational corporations (MNCs), with several technical fields achieving global leadership in pipeline quantity [5] - The driving factors include exceeding expectations in business development (BD), clinical data, and commercialization in overseas markets [5] Group 3: Insights on Food and Beverage Industry - The core viewpoint suggests focusing on left-side investment opportunities in the liquor sector as it approaches a cyclical recovery, while consumer goods are expected to continue benefiting from new consumption trends [7] - The report indicates that liquor companies' performance expectations are at a low point, with signals of stock price stabilization and potential rebounds [7] - Key drivers include the bottoming out of liquor company performance expectations and the expansion into new product categories and channels [7] Group 4: Insights on A-Share Strategy - The core viewpoint advises against blind selling during market adjustments, suggesting that a systematic "slow bull" market is still in play and may enter a second phase after adjustments [8] - The report recommends focusing on the brokerage sector as a signal for potential market recovery, advocating for patience during the current market corrections [8] - Key drivers include the impact of the Federal Reserve's interest rate expectations on global markets and the need for a rebalancing of market styles in the fourth quarter [9] Group 5: Insights on Macro Economic Strategy - The core viewpoint outlines three main paths to improve the resident consumption rate: promoting employment and income stability, expanding the supply of quality consumer goods and services, and refining institutional mechanisms [11] - The report highlights the importance of the 15th Five-Year Plan in driving domestic consumption as a key economic growth engine [11] - The driving factors include the recent policy directions from the Communist Party's plenary session aimed at enhancing domestic consumption [11] Group 6: Insights on Fixed Income Market - The core viewpoint indicates that interbank liquidity is expected to remain loose in the short term, with seasonal disturbances amplifying the effects of low core reserves [12] - The report suggests that the true test of narrow liquidity may occur in the first quarter of 2026, influenced by credit slowdowns and central bank interventions [12] - Key drivers include the anticipated surge in credit in early 2026 and the market's limited understanding of the net financing outflows from major banks [12]

Core Viewpoint - Weiteou is a leading domestic electronic assembly materials company with steady growth in revenue and profit [1] Company Overview - The company's core products include microelectronic soldering materials and supporting auxiliary materials, with significant advantages in solder paste and flux, ranking first and second in national sales respectively [1] - Revenue is projected to grow from 467 million yuan in 2018 to 1.212 billion yuan in 2024, with a 6-year CAGR of approximately 17% [1] - Net profit attributable to the parent company is expected to increase from 41 million yuan to 89 million yuan over the same period, with a 6-year CAGR of about 14% [1] Growth Drivers - The steady growth in revenue and profit is primarily due to the company's continuous deepening of cooperation with high-quality clients and the expansion into new fields and clients [1] - The electronic assembly materials business is anticipated to grow rapidly, transitioning from domestic substitution to global expansion [1] - The company is developing a reliable materials product matrix, with potential rapid growth in new energy and data center fire protection materials [1] Investment Rating - The company is expected to benefit significantly from the domestic substitution of microelectronic soldering materials and is actively exploring new materials to create new growth curves [1] - Considering the company's growth potential and safety margin, it has been given an "Accumulate" rating for the first time [1]

Group 1: Investor Relations Activities - The company participated in the "2025 Annual Shenzhen Listed Companies Investor Online Reception Day" on November 20, 2025 [1] - The event was held on the "Investor Relations Interactive Platform" [1] Group 2: Dividend Policy - The company aims to maintain a high dividend payout ratio, emphasizing long-term value creation and sustainable development for shareholders [2] Group 3: Production Capacity - Current production capacity utilization is operating efficiently across major product lines, with plans to further enhance capacity and operational efficiency [2] Group 4: Market Position and Competitive Advantage - The company holds a leading position in the domestic microelectronic welding materials sector, particularly in solder paste and flux, supported by advanced technology and stable product quality [2] Group 5: Supply Chain Management - The company does not rely on a single supplier for key raw materials like tin and silver, with no single supplier accounting for more than 50% of purchases from the top five suppliers in 2024 [2] - A multi-layered response mechanism is in place to manage raw material price fluctuations, including long-term partnerships with major tin mining companies and a product pricing mechanism linked to raw material costs [2] Group 6: Shareholder Actions - The controlling shareholder's planned reduction of holdings is the first since the company's listing, driven by personal financial needs, with no intention to affect stock prices [3]

证券日报网讯 11月18日晚间，唯特偶发布公告称，为进一步加强与投资者的互动交流，深圳市唯特偶 新材料股份有限公司（以下简称"公司"）将参加由深圳证监局和中证中小投资者服务中心指导、深圳上 市公司协会与深圳市全景网络有限公司联合举办的"2025年度深圳辖区上市公司投资者网上集体接待日 活动"，活动时间为2025年11月20日。 （文章来源：证券日报） ...

为进一步加强与投资者的互动交流，深圳市唯特偶新材料股份有限公司（以 下简称"公司"）将参加由深圳证监局和中证中小投资者服务中心指导、深圳上 市公司协会与深圳市全景网络有限公司联合举办的"2025 年度深圳辖区上市公 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：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11月20日（周四）15:40-17:00。 届时公司高管将在线就公司业绩、公司治理、发展战略、经营状况、融资计 划、股权激励和可持续发展等投资者关心的问题，与投资者进行沟通与交流，欢 迎广大投资者踊跃参与！ 证券代码：301319 证券简称：唯特偶 公告编号：2025-063 深圳市唯特偶新材料股份有限公司 关于参加 2025 年度深圳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、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 特此公告！ 深圳市唯特偶新材料股份有限公司董事会 2025 年 11 月 ...

Market Overview - The electronic chemicals sector increased by 0.67% on November 17, with Siquan New Materials leading the gains [1] - The Shanghai Composite Index closed at 3972.03, down 0.46%, while the Shenzhen Component Index closed at 13202.0, down 0.11% [1] Stock Performance - Siquan New Materials (301489) closed at 184.89, up 4.89% with a trading volume of 46,100 shares and a transaction value of 849 million [1] - Other notable performers included: - Glinda (603931) at 30.98, up 3.96% with a trading volume of 172,300 shares [1] - Guanghua Technology (002741) at 23.88, up 3.06% with a trading volume of 665,400 shares [1] - National Ceramic Materials (300285) at 25.21, up 2.86% with a trading volume of 417,400 shares [1] Capital Flow - The electronic chemicals sector saw a net inflow of 598 million from institutional investors, while retail investors experienced a net outflow of 624 million [2][3] - Key stocks with significant capital flow included: - Guanghua Technology with a net inflow of 159 million from institutional investors [3] - Siquan New Materials with a net inflow of 124 million from institutional investors [3] - Glinda with a net inflow of 109 million from institutional investors [3]

证券代码：301319 证券简称：唯特偶 公告编号：2025-062 深圳市唯特偶新材料股份有限公司 2025 年第二次临时股东会决议公告 本公司及董事会全体成员保证信息披露的内容真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 特别提示 1、 本次股东会不存在否决议案的情形。 2、 本次股东会不涉及变更以往股东会已通过的决议。 一、会议召开情况 1、召开时间：2025 年 11 月 13 日（星期四）下午 14:30 2、召开地点：深圳市龙岗区宝龙街道同乐社区水田一路 18 号唯特偶工业 园 8 楼会议室 3、召开方式：现场结合网络 4、召集人：董事会 参加本次股东会现场会议和网络投票表决的中小股东及股东代理人共 38 人，代表有表决权的公司股份数合计为 105,887 股，占公司有表决权股份总数 124,335,968 股的 0.0852%。其中：通过现场投票的股东共 0 人，代表有表决权的 公司股份 0 股，占公司有表决权股份总数 124,335,968 股的 0.0852%；通过网络 投票的股东共 38 人，代表有表决权的公司股份数合计为 105,887 股，占公司有 表决权股份总数 124, ...

法律意见书 关于 深圳市福田区深南大道 4011 号香港中旅大厦 21-26 层 21-26/F, HKCTS Tower, 4011 Shennan Road, Futian District, Shenzhen, PRC 电话(Tel)：0086-755-83025555 传真(Fax)：0086-755-83025068 邮政编码(P.C.)：518000 网址 http://www.huashang.cn 法律意见书 深圳市唯特偶新材料股份有限公司 2025 年第二次临时股东会的 法律意见书 二〇二五年十一月 广东华商律师事务所 广东华商律师事务所 本法律意见书仅对本次会议召集和召开的程序、召集人资格、出席本次会议 的人员资格及表决程序是否符合相关法律事项和《公司章程》的规定以及本次会 议审议议案的表决结果是否有效进行核查并发表意见，并不对本次会议所审议的 议案内容以及该等议案所涉及的事实或数据的真实性和准确性发表意见。 本所律师同意将本法律意见书作为公司本次会议的必备文件予以公告，并依 法对本所出具的法律意见书承担责任。 本所律师根据有关法律法规的要求，按照律师行业公认的业务标准、道德规 范和勤勉尽 ...

Core Viewpoint - The company announced that its wholly-owned subsidiary, Witeo New Materials (USA) Co., Ltd., will lease a facility in the U.S. to support its operational development, with a guarantee provided by its primary subsidiary, Shenzhen Witeo Soldering Materials Technology Co., Ltd. [1] Summary by Relevant Sections - **Lease Agreement**: Witeo New Materials (USA) plans to sign a lease agreement for a facility to meet its operational needs [1] - **Guarantee Details**: The total guarantee amount will not exceed 130% of the total rent for the lease term, approximately $403,000 (around 2.87 million RMB based on an exchange rate of 1:7.12) [1] - **Approval Process**: The guarantee does not require approval from the company's board of directors or shareholders, as it involves a primary subsidiary providing support to a secondary subsidiary [1]

根据《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》的有关规定，本次担保事项属于公司一级控股子公司为二级控股子公司 提供担保，无需提交公司董事会或股东会审议。 证券代码：301319 证券简称：唯特偶 公告编号：2025-061 深圳市唯特偶新材料股份有限公司 关于一级子公司为二级子公司提供担保的公告 本公司及董事会全体成员保证信息披露的内容真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 一、担保情况概述 近日，深圳市唯特偶新材料股份有限公司（以下简称"公司"）全资孙公司 唯特偶新材料（美国）有限公司（以下简称"美国唯特偶"）因经营发展需要， 需在当地租赁房屋，美国唯特偶拟与出租方签订厂房租赁协议，并由公司一级子 公司深圳市唯特偶焊锡材料科技有限公司（以下简称"唯特偶焊锡"）为其提供 担保，担保总责任额不超过整个租约期总租金的 130%，约 40.3 万美元（按 1:7.12 汇率测算，约为 287 万元人民币）。 二、被担保人基本情况 1、名称：唯特偶新材料（美国）有限公司（VITAL ELECTRONICS SOLUTIONS LLC） 2、注册地址：5900 Bal ...