Group 1 - The company, Jun Ding Da (301538.SZ), specializes in the design, research and development, production, and sales of polymer modified protective materials, with main products including functional protective sleeves and functional monofilaments [2] - Currently, the company does not have any products directly corresponding to the "robot flexible fabric outerwear" mentioned in the investor inquiry [2] - The company stated that if there are any substantial developments or business layouts in emerging fields in the future, it will strictly adhere to information disclosure regulations [2]

证券代码：301538 证券简称：骏鼎达 公告编号：2025-040 深圳市骏鼎达新材料股份有限公司 关于注销部分募集资金专户的公告 板上市公司规范运作》等有关法律、法规和规范性文件的规定，结合公司实际情 况，制定了《深圳市骏鼎达新材料股份有限公司募集资金管理制度》（以下简称 "《募集资金管理制度》"）。根据《募集资金管理制度》，公司、子公司江门 骏鼎达新材料科技有限公司、子公司苏州骏鼎达新材料科技有限公司及中信建投 证券股份有限公司于2024年3月分别与招商银行股份有限公司深圳分行、中信银 行股份有限公司广州分行、中国农业银行股份有限公司深圳市分行签署《募集资 金三方监管协议》；公司、中信建投证券股份有限公司与中信银行股份有限公司 广州分行于2025年9月签署《募集资金三方监管协议之补充协议》；公司、子公 司东莞市骏鼎达新材料科技有限公司及中信建投证券股份有限公司与中信银行 股份有限公司广州分行于2025年9月签署《募集资金三方监管协议》。三方监管 协议及补充协议与深圳证券交易所三方监管协议范本不存在重大差异，公司在使 用募集资金时已经严格遵照履行。 三、募集资金专户的情况 截至披露日，公司有 5 个募集资 ...

Group 1 - The core viewpoint of the article is that Kaiyuan Securities has given a "Buy" rating to Jundingda, highlighting its position as a leading company in modified polymer protective materials [2] - Jundingda is recognized for its focus on integrated solutions for robotics, specifically the "tendon + protective sleeve" approach, which is expected to create a second growth curve for the company [2] - The demand for electric vehicles and AI servers is experiencing significant growth, which is beneficial for Jundingda's business prospects [2] Group 2 - The report emphasizes the potential risks associated with macroeconomic fluctuations, the slower-than-expected industrialization of humanoid robots, and challenges in supply chain integration [2]

Market Overview - On October 10, the plastic sector declined by 0.63% compared to the previous trading day, with Jun Ding Da leading the decline [1] - The Shanghai Composite Index closed at 3897.03, down 0.94%, while the Shenzhen Component Index closed at 13355.42, down 2.7% [1] Stock Performance - Notable gainers in the plastic sector included: - Nalco Co. (002825) with a closing price of 10.74, up 10.04% and a trading volume of 241,600 shares, totaling 253 million yuan [1] - Ningbo Color Masterbatch (301019) closed at 19.85, up 6.61% with a trading volume of 123,400 shares, totaling 241 million yuan [1] - Qide New Materials (300995) closed at 52.01, up 5.50% with a trading volume of 46,800 shares, totaling 241 million yuan [1] - Major decliners included: - Jun Ding Da (301538) closed at 91.16, down 5.26% with a trading volume of 21,900 shares, totaling 205 million yuan [2] - Jinfat Technology (600143) closed at 21.28, down 4.14% with a trading volume of 1,736,600 shares, totaling 3.737 billion yuan [2] - Dongcai Technology (601208) closed at 19.52, down 3.60% with a trading volume of 364,500 shares, totaling 716 million yuan [2] Capital Flow - The plastic sector experienced a net outflow of 361 million yuan from institutional investors, while retail investors saw a net inflow of 291 million yuan [2][3] - Notable capital flows included: - Foshan Plastics (000973) had a net inflow of 10.2 million yuan from institutional investors, but a net outflow of 15.74 million yuan from retail investors [3] - Shenkai Co. (002361) saw a net inflow of 66.57 million yuan from institutional investors, with retail investors experiencing a net outflow of 42.09 million yuan [3] - Nalco Co. (002825) had a net inflow of 65.37 million yuan from institutional investors, with retail investors also facing a net outflow of 33.06 million yuan [3]

Group 1: Macro Economic Insights - The U.S. government is facing a shutdown due to budget disagreements, which has led to a rise in gold prices, while domestic consumption remains stronger in volume than in price [4][6] - Japan may see its first female Prime Minister, which could positively impact the Japanese stock market [4] - The global economy shows signs of weakness, with the U.S. ADP employment figures declining and manufacturing PMIs in the Eurozone and Japan decreasing [6] Group 2: Industry Performance - The top-performing sectors recently include non-ferrous metals, defense, real estate, electric power equipment, and pharmaceuticals, with respective gains of 3.224%, 2.590%, 2.123%, 1.714%, and 1.405% [3][4] - The manufacturing sector is experiencing a recovery, with the PMI for September at 49.8%, indicating a slight improvement [19][20] - The non-manufacturing PMI remains stable at 50.0%, reflecting a balanced economic environment [22] Group 3: Investment Strategies - The report emphasizes a focus on technology sectors, particularly AI and semiconductor industries, as key investment themes [12][14] - There is a recommendation to explore opportunities in gaming, media, and the Huawei supply chain as potential growth areas [12][15] - The report suggests a diversified asset allocation strategy, favoring short-term bonds, undervalued convertible bonds, and gold assets [38][39] Group 4: Company-Specific Insights - Hengxin Life is highlighted as a leading company in biodegradable food packaging, with significant production capacity and strong ties to major global brands [56] - Hanhigh Group is recognized for its strong market presence in the home hardware industry, leveraging a multi-channel approach for market penetration [57] - Jiyuan Group is noted for its comprehensive capabilities in the dietary supplement industry, being a major supplier for several well-known brands [58] Group 5: Health Insurance Sector - The health insurance sector is expected to see significant growth driven by new regulatory guidelines aimed at enhancing product offerings and market accessibility [60][61] - Major insurance companies are increasingly integrating health management services into their offerings, which is anticipated to improve profitability and market share [62] - The report recommends key players in the health insurance space, including China Ping An and China Taiping, as beneficiaries of these trends [62]

Group 1 - The company, established in 2004, specializes in functional protective sleeves and monofilaments, widely used in automotive, construction machinery, rail transportation, and communication electronics sectors [1] - The products are known for their excellent temperature resistance, UV resistance, flame retardancy, and chemical corrosion resistance, providing safety protection for wiring systems and fluid pipelines [1] - The projected net profit for the company from 2025 to 2027 is 226 million, 290 million, and 364 million yuan, with current market valuations corresponding to PE ratios of 32.3, 25.2, and 20.1 times [1] Group 2 - The demand for functional protective sleeves is expected to grow due to the electrification of vehicles and the increasing requirements for protection in wiring systems and fluid pipelines [1] - The market size for functional protective sleeves in China's new energy vehicle sector is projected to reach 4.932 billion yuan in 2024 [1] - The company aims to leverage its experience in the automotive industry to expand into the robotics sector, focusing on functional protective sleeves and tendon protection components [2] Group 3 - The company's tendon protection sleeve mimics the human tendon sheath structure, addressing key issues such as lubrication, flame retardancy, heat insulation, wear resistance, and lifespan [2] - The protective sleeves for wiring systems are suitable for robotic joints and arms, ensuring reliability under long-term high-load operations [2]

Investment Rating - The report assigns a "Strong Buy" investment rating to the company [6][7]. Core Insights - The company is a leading player in the functional protective sleeve industry in China, with a diverse product range and strong technological capabilities. It is actively expanding into the humanoid robot product applications [6][12]. - The company has benefited from the growth of the new energy vehicle (NEV) sector, with significant revenue growth and plans for international expansion [6][12]. - The company is also developing products for the humanoid robotics field, leveraging its existing technology and customer relationships [6][12]. Company Overview - The company, established in 2004 and listed in 2024, specializes in the design, research, production, and sales of modified polymer protective materials, primarily functional protective sleeves and functional monofilaments [12]. - The company has established production bases in various locations, including Shenzhen, Dongguan, Suzhou, and Mexico [12]. Industry Position - The functional protective sleeve industry is experiencing growth driven by the demand from the NEV market, with the market size in China expected to reach approximately 79 billion yuan in 2024 [34]. - The company is positioned as a domestic leader in the industry, competing with multinational corporations and benefiting from lower costs and closer customer relationships [36][40]. Financial Performance - The company has shown strong financial performance, with a compound annual growth rate (CAGR) of approximately 28% in revenue and 25% in net profit from 2020 to 2024 [20][23]. - The projected revenue for 2025 is 1.1 billion yuan, with a year-on-year growth of 27% [8]. Product Applications - The company's main products, functional protective sleeves, are widely used in various sectors, including automotive, engineering machinery, rail transit, and communications electronics [15]. - The company is expanding its product applications to include humanoid robot wiring systems and components [6][12]. Competitive Advantages - The company has a strong competitive edge due to its technological capabilities, cost advantages from vertical integration, and a robust customer base [43][48]. - The company has maintained high gross and net profit margins, with gross margins around 40% and net margins above 20% from 2020 to 2024 [23].

Core Viewpoint - Shenzhen Jundingda New Materials Co., Ltd. has decided to conclude the "Production Functional Protective Materials East China Headquarters Project" and reallocate the surplus funds of 100.4608 million RMB to invest in the "Jundingda Functional Protective Materials Production Construction Project" to enhance economic efficiency and implement its development strategy [1][2][3]. Fundraising Overview - The company successfully issued 10 million shares at a price of 55.82 RMB per share, raising a total of 558.2 million RMB, with a net amount of 484.0668 million RMB after deducting issuance costs [2][3]. - The raised funds were deposited into a special account on March 15, 2024, and have been verified by Tianjian Accounting Firm [2][3]. Fund Management and Usage - The board of directors approved the conclusion of the previous project and the use of surplus funds for new investments during the meeting on August 15, 2025, which was later ratified by the shareholders on September 5, 2025 [1][2]. - The company has established five fundraising special accounts to manage and store the raised funds, ensuring compliance with relevant laws and regulations [4][3]. Regulatory Agreements - A tripartite supervision agreement was signed on September 18, 2025, between the company, CITIC Bank Guangzhou Branch, and CITIC Securities, detailing the management and usage of the special account [6][7]. - The agreement stipulates that the funds in the special account are exclusively for the designated project and cannot be used for other purposes [5][6]. Monitoring and Compliance - The agreement includes provisions for regular audits and monitoring of the fund usage, with specific thresholds for reporting large withdrawals [8][9]. - The parties involved are required to cooperate in investigations if any irregularities in fund usage are detected [9][10].

证券代码：301538 证券简称：骏鼎达 公告编号：2025-039 深圳市骏鼎达新材料股份有限公司 一、募集资金基本情况 经中国证券监督管理委员会《关于同意深圳市骏鼎达新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〔2023〕1853 号）同意注册，并经深 圳证券交易所同意，公司首次向社会公开发行人民币普通股股票 1,000.00 万股， 每股面值 1.00 元，发行价格为人民币 55.82 元/股。本次募集资金总额为人民币 55,820.00 万元，扣除发行费用后，实际募集资金净额为人民币 48,406.68 万元。 上述募集资金已于 2024 年 3 月 15 日划至公司募集资金专项账户，天健会计 师事务所（特殊普通合伙）已对公司募集资金的到位情况进行了审验，并于当日 出具《验资报告》（天健验〔2024〕3-5 号）。公司及子公司已与存放募集资金 的商业银行、保荐机构签署了募集资金监管协议。 二、募集资金专户设立和存储情况 公司于 2025 年 8 月 15 日召开第四届董事会第六次会议，会议审议通过了《关 于部分募投项目结项并使用节余资金投资新项目的议案》，按照公司首次公开发 行股票募投项 ...

证券代码：301538 证券简称：骏鼎达 公告编号：2025-038 深圳市骏鼎达新材料股份有限公司 关于持股 5%以上股东减持计划实施完毕的公告 股东新余博海投资合伙企业（有限合伙）保证向本公司提供的信息内容 真实、准确、完整，没有虚假记载、误导性陈述或重大遗漏。 本公司及董事会全体成员保证公告内容与信息披露义务人提供的信息一 致。 深圳市骏鼎达新材料股份有限公司（以下简称"公司"）于 2025 年 7 月 17 日 披露了《关于持股 5%以上股东减持公司股份的预披露公告》（公告编号： 2025-025），公司持股 5%以上股东新余博海投资合伙企业（有限合伙）（以下 简称"新余博海"）计划自上述公告披露之日起 15 个交易日后的 3 个月内（2025 年 8 月 8 日-2025 年 11 月 7 日）以集中竞价方式减持公司股份不超过 784,000 股 （占公司总股本比例不超过 1%）。 公司近日收到上述股东的《股份减持计划实施完毕告知函》，本次减持计划 已实施完毕。根据《上市公司股东减持股份管理暂行办法》《深圳证券交易所上 市公司自律监管指引第 18 号——股东及董事、高级管理人员减持股份》等有关 规定 ...