Financial Performance - In 2024, the company's overall performance declined compared to the previous year, primarily due to a 9.02 percentage point decrease in gross margin caused by continuous product price declines [4]. - The company reported a decrease in foreign exchange gains year-on-year, attributed to the appreciation of the US dollar and depreciation of the Brazilian real [4]. - Fixed asset impairment increased year-on-year, contributing to the overall performance challenges faced by the company [4]. - The company's operating revenue for 2024 was ¥7,361,807,023.34, representing a 2.87% increase compared to ¥7,156,328,317.28 in 2023 [24]. - The net profit attributable to shareholders for 2024 was -¥353,915,283.44, a significant decline of 164.88% from ¥545,504,537.18 in 2023 [24]. - The cash flow from operating activities increased by 209.76% to ¥1,701,439,229.47 in 2024, compared to ¥549,280,456.79 in 2023 [24]. - The basic earnings per share for 2024 was -¥0.09, down 150.00% from ¥0.18 in 2023 [24]. - The total assets at the end of 2024 were ¥21,351,740,396.51, a decrease of 7.29% from ¥23,030,098,375.82 at the end of 2023 [24]. - The company experienced a significant drop in net profit excluding non-recurring gains and losses, which was -¥465,818,845.58 in 2024 compared to ¥410,759,821.98 in 2023, a decline of 213.40% [24]. - The company’s weighted average return on equity was -4.28% in 2024, down from 8.27% in 2023, indicating a decline in profitability [24]. - The company’s total liabilities decreased by 6.94% to ¥7,954,882,796.45 in 2024 from ¥8,547,933,737.89 in 2023 [24]. Business Strategy and Market Position - The company maintains its commitment to its main business and competitive strengths despite facing cyclical industry adjustments [4]. - The company has not reported any significant changes in its main business or competitive landscape during the reporting period [4]. - The company has achieved a market share of over 25% in the wind turbine blade sector, becoming one of the leading suppliers globally [49]. - The company aims to build an industrial ecosystem integrating mineral raw materials, glass fiber yarn, glass fiber products, and glass fiber reinforced composites, focusing on sustainable development [58]. - The company plans to strengthen its position in the wind power sector, expand product fields in thermosetting materials, and optimize product and customer structures in thermoplastics to increase market share [58]. - The company has identified six key business growth paths, including wind power, thermosetting, thermoplastic, electronics, overseas markets, and composite materials [117]. Research and Development - The company’s R&D expenses increased by 8.66% to ¥322,361,148.39 compared to ¥296,660,790.16 in the previous year [81]. - The company is developing a new generation of low dielectric constant and low dielectric loss glass fiber for 5G communication, aiming for a dielectric constant ≤ 4.5 and dielectric loss ≤ 0.0035 [82]. - The company has successfully completed the evaluation of multiple new emulsion products, enhancing the competitiveness of its emulsion and yarn products [83]. - The company is focusing on optimizing product performance through the development of a new high-flow infiltrant formula, enhancing production efficiency and quality stability [82]. - The company plans to invest 200 million yuan in R&D for innovative technologies over the next two years [144]. Governance and Management - The company has a governance structure in place for its red-chip architecture, ensuring compliance with regulations [132]. - The company has maintained a stable management team, with several executives serving until 2027 [134]. - The company has implemented a three-year performance-based management system for its executives [149]. - The company has a structured approach to talent development, focusing on integrity, practicality, innovation, and collaboration as core values [192]. - The company has established a robust internal control management system, ensuring compliance with relevant laws and regulations, and enhancing decision-making efficiency [168]. Environmental and Social Responsibility - The company has implemented ISO14001 and ISO45001 since 2004, ensuring continuous operation and compliance with environmental management regulations [180]. - The company has developed the first green product standard in the fiberglass industry, which was implemented on April 15, 2019 [180]. - The company invested CNY 65.94 million in environmental governance and protection in 2024, with a total of CNY 0.7768 million paid in environmental protection taxes [186]. - The company has conducted environmental impact assessments for project construction, ensuring that environmental protection facilities are designed and completed simultaneously with the main project [180]. - The company actively participated in various poverty alleviation initiatives and social responsibility projects, contributing to local charities and environmental protection efforts [193]. Future Outlook and Challenges - The company anticipates a new round of price increases in fiberglass products driven by market demand recovery, particularly in wind power and consumer electronics sectors [114]. - The company warns of potential supply-demand imbalances due to rapid capacity expansion in the fiberglass industry [114]. - The company is likely to face challenges in maintaining stability during the transition period of its leadership changes [135]. - Future performance guidance and specific financial targets were not detailed in the provided content, indicating a need for further clarification in upcoming communications [136].

最新一期业绩显示，2024年三季报，公司实现营业收入53.89亿元，同比2.01%；净利润-157277514.4 元，同比-137.53%，销售毛利率14.74%。 序号股票简称PE(TTM)PE(静)市净率总市值(元)2国际复材-420.2523.781.58129.72亿行业平均 29.1026.993.03161.53亿行业中值40.4139.031.7648.98亿1宏和科技-662.12-124.095.4578.30亿3山东玻 纤-35.6837.641.5539.65亿4海南发展-27.3586.186.5078.92亿5信濠光电-21.51102.651.6841.57亿6山东华 鹏-5.75-4.6212.8413.47亿7旗滨集团13.089.011.19157.79亿8南玻A15.969.401.11155.68亿9福耀玻璃 20.0420.044.211502.69亿10中国巨石21.0121.011.71513.60亿11长海股份22.2415.821.0546.84亿 来源：金融界 资金流向方面，3月26日，国际复材主力资金净流出377.14万元，近5日总体呈流出状态，5日共流出 ...

重庆国际复合材料股份有限公司 2025 年公告 证券代码：301526 证券简称：国际复材 公告编号：2025-009 具体内容详见公司 2024 年 4 月 26 日在巨潮资讯网（http://www.cninfo.com.cn） 刊登的《重庆国际复合材料股份有限公司关于为全资、控股子公司提供 2024 年 度对外担保额度预计的公告》（公告编号：2024-014）。 二、担保进展情况 2025 年 3 月 21 日，公司与 Standard Chartered Bank, Bahrain Branch（以下简 称"渣打巴林分行"）签订了《最高额保证合同》，约定公司为控股子公司巴林公 司与渣打巴林分行自 2025 年 3 月 21 日起至 2030 年 3 月 20 日期间形成的债务 提供连带责任保证，担保总额为 2,286 万美元（或等值的其他货币）。 巴林公司为公司的控股子公司，公司间接持有巴林公司 60%的股权，持有巴 重庆国际复合材料股份有限公司 2025 年公告 重庆国际复合材料股份有限公司 关于为控股子公司担保的进展公告 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 ...

重庆国际复合材料股份有限公司 2025 年公告 证券代码：301526 证券简称：国际复材 公告编号：2025-008 重庆国际复合材料股份有限公司 关于为全资子公司担保的进展公告 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。 一、担保情况概述 二、担保进展情况 2025 年 3 月 6 日，公司与中国银行股份有限公司重庆九龙坡支行（以下简 称"中行九龙坡支行"）签订了《保函/备用信用证修改申请书》，是双方在办理保 函/备用信用证业务时各方权利、义务的约定。公司向中行九龙坡支行申请开具 保函，为巴西公司的贵金属租赁提供担保，担保总额为 1,361.00 万美元，主要修 改事项为编号"GC1753315001044"的保函/备用信用证有效期由 2025 年 3 月 17 重庆国际复合材料股份有限公司 2025 年公告 日展期至 2026 年 3 月 31 日。 上述担保额度在公司股东大会批准的额度范围之内。本次并非新增担保，仅 为延长保函/备用信用证期限，其他担保条款不变。 巴西公司最近一年又一期的报表财务数据： 重庆国际复合材料股份有限公司（以下简称"公司" ...

Group 1: Market Demand and Growth - The overall demand for glass fiber is expected to grow steadily in 2025, with wind power, automotive, and electronics sectors showing significant growth potential [1] - Global total installed capacity for wind power is projected to reach 150 GW by 2025, driven by favorable national policies [1] - The penetration rate of new energy vehicles is increasing, leading to a gradual rise in the use of glass fiber in battery casings, seat frames, and bumpers [1] - High-frequency and high-speed PCB demand is expected to rise due to advancements in 5G communication, AI servers, and the electrification of new energy vehicles [1] Group 2: Industry Supply and Production Capacity - The glass fiber industry faced significant supply-demand pressure due to rapid capacity expansion, but the situation improved in 2024 with some production lines being shut down [2] - The overall supply-demand relationship is currently stable, despite the addition of new production capacity [2] - The company is upgrading old production lines to reduce costs and enhance competitiveness, with detailed plans based on actual operations and market demand [2] Group 3: Product Structure and Applications - The company offers a diverse range of glass fiber products, widely used in wind power blades, automotive manufacturing, rail transportation, electronics, home appliances, industrial tanks, construction materials, and aerospace [2] - The production capacity for wind power and thermoplastics is relatively high, while the capacity for electronics is comparatively lower [2] Group 4: International Operations and Future Plans - The company has established glass fiber production bases in Brazil, Bahrain, and Morocco, with trade subsidiaries in the USA, Netherlands, and Hong Kong, maintaining stable relationships with overseas clients [2] - The company aims to enhance the competitiveness of its overseas factories and explore new development opportunities in international markets [3] Group 5: Post-Holiday Recovery and Product Development - The recovery of downstream glass fiber enterprises after the Spring Festival in 2025 is better than in 2024, with strong sales performance in thermoplastics and wind power products [3] - The company has successfully achieved mass production of 5G low-dielectric glass fiber, which has high technical barriers and significant R&D investment [4] - This product has been applied in high-end mobile phones and 5G high-frequency communication devices, with ongoing optimization to meet market demands [4]

2025 年 1 月 27 日，公司召开第三届董事会第六次会议审议通过了《关于控 股股东向公司提供资金支持暨关联交易的议案》，表决结果为 5 票同意、0 票反 对、0 票弃权，其中关联董事江凌先生、郑谦先生、付少学先生、欧阳山先生 对该议案回避表决。同日，公司召开第三届监事会第四次会议审议通过了《关 于控股股东向公司提供资金支持暨关联交易的议案》，表决结果为 2 票同意、0 开源证券股份有限公司 关于重庆国际复合材料股份有限公司 控股股东向公司提供资金支持暨关联交易的核查意见 开源证券股份有限公司（以下简称"开源证券"或"保荐机构"）作为重庆 国际复合材料股份有限公司（以下简称"国际复材"或"公司"）首次公开发行 股票并在创业板上市的保荐机构，根据《证券发行上市保荐业务管理办法》、 《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》、 《深圳证券交易所创业板股票上市规则》及《深圳证券交易所上市公司自律监 管指引第 13 号——保荐业务》等有关法律法规和规范性文件的要求，对国际复 材控股股东向公司提供资金支持暨关联交易事项进行了核查，并出具本核查意 见，具体核查情况如下： 一、关联交易概 ...

重庆国际复合材料股份有限公司 2025 年公告 证券代码：301526 证券简称：国际复材 公告编号：2025-007 重庆国际复合材料股份有限公司 关于控股股东向公司提供资金支持 暨关联交易的公告 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。 等相关规定，上述交易事项构成关联交易。本次关联交易不构成《上市公司重大 资产重组管理办法》规定的重大资产重组，无需经过有关部门批准。 二、关联方基本情况和关联关系 1、关联方基本情况 企业名称：云天化集团有限责任公司 法定代表人：刘和兴 注册资本：4,497,063,878 元人民币 一、关联交易概述 为优化重庆国际复合材料股份有限公司（以下简称"公司"）债务结构，降 低财务费用，提高融资效率，公司拟向控股股东云天化集团有限责任公司（以下 简称"云天化集团"）申请 2 亿元资金支持，资金来源为云天化集团申请发行的 中期票据，期限为 3 年，用于偿还商业银行流动资金贷款，预计综合资金成本不 超过每年 2.8%（实际利率按照云天化集团实际发行中期票据综合资金成本确定）， 除此之外，云天化集团不再另外收取任何费用；利率不高 ...

重庆国际复合材料股份有限公司 2025 年公告 （一）审议通过《关于控股股东向公司提供资金支持暨关联交易的议案》 关联监事姚兴芮回避表决。 表决结果：同意 2 票；反对 0 票；弃权 0 票。此议案获得通过。 证券代码：301526 证券简称：国际复材 公告编号：2025-006 重庆国际复合材料股份有限公司 第三届监事会第四次会议决议公告 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 重庆国际复合材料股份有限公司（以下简称"公司"）第三届监事会第四次 会议于 2025 年 1 月 27 日在公司会议室以现场结合通讯的方式召开，会议通知已 于 2025 年 1 月 22 日以邮件方式送达各位监事。本次会议应出席监事 3 名，实际 出席监事 3 名（其中姚兴芮先生、张彪先生以通讯方式出席）。本次会议由公司 监事会主席姚兴芮先生召集。本次会议的召集、召开和表决程序符合《中华人民 共和国公司法》和《重庆国际复合材料股份有限公司章程》等有关规定。 二、监事会会议审议情况 经各位监事认真审议，会议形成如下决议： 1.第三届监事会第四次会议决议。 ...

重庆国际复合材料股份有限公司 2025 年公告 证券代码：301526 证券简称：国际复材 公告编号：2025-005 重庆国际复合材料股份有限公司 第三届董事会第六次会议决议公告 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、会议召开情况 重庆国际复合材料股份有限公司（以下简称"公司"）第三届董事会第六次 会议于 2025 年 1 月 27 日在公司会议室以现场结合通讯方式召开，会议通知已于 2025 年 1 月 22 日以邮件方式送达各位董事。本次会议由公司董事长江凌先生召 集并主持，本次会议应出席的董事 9 人，实际出席董事 9 人（其中郑谦、付少学、 赵姝以通讯方式出席），公司全体监事及高级管理人员列席了会议。本次会议的 召集、召开和表决程序符合《中华人民共和国公司法》和《重庆国际复合材料股 份有限公司章程》等有关规定。 三、备查文件 1.公司第三届董事会第六次会议决议； 二、董事会会议审议情况 经各位董事认真审议，会议形成如下决议： （一）审议通过《关于控股股东向公司提供资金支持暨关联交易的议案》 同意公司向控股股东云天化集团有限责任公司申请 ...

重庆国际复合材料股份有限公司 2025 年公告 证券代码：301526 证券简称：国际复材 公告编号：2025-004 重庆国际复合材料股份有限公司 关于为全资子公司担保的进展公告 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。 一、担保情况概述 重庆国际复合材料股份有限公司（以下简称"公司"）于 2024 年 4 月 25 日 召开第二届董事会第二十七次会议、第二届监事会第十七次会议，并于 2024 年 5 月 28 日召开 2023 年年度股东大会审议通过了《关于为全资、控股子公司提供 2024 年度对外担保额度预计的议案》，同意公司为合并报表范围内的全资子公司 CPIC Brasil Fibras de Vidro Ltda.（以下简称"巴西公司"）申请综合授信（包括但 不限于办理人民币或外币流动资金贷款、项目贷款、贸易融资、银行承兑汇票、 信用证、保函、票据贴现、保理、融资租赁、出口押汇、外汇远期结售汇以及衍 生产品等相关业务）以及其他日常经营需要（包括但不限于履约担保、产品质量 担保）等提供担保，提供担保的形式包括但不限于信用担保（含一般保证、连带 ...