Core Viewpoint - The company is actively promoting its new epoxy resin products for composite materials in aerospace and other fields, indicating a strategic focus on high-growth industries [1] Group 1: Product Development and Applications - The company's epoxy resin products are designed for use in aerospace and other sectors, showcasing their versatility and potential market applications [1] - The company is committed to continuously developing new products and technologies to meet market demands and enhance its competitive edge [1] Group 2: Market Awareness and Collaboration - The company is closely monitoring industry trends and potential opportunities within the supply chain to stay ahead of market dynamics [1] - The company emphasizes strengthening collaboration with upstream and downstream partners to seize industry opportunities and drive growth [1]

Core Viewpoint - The company Huibei New Materials (WAM) is actively promoting its new epoxy resin system WA-780, which is suitable for aerospace applications and is currently exploring small batch delivery for these applications [1] Group 1: Product and Application - WA-780 is a medium-temperature curing toughened epoxy resin system that cures at around 130°C, offering good resin flowability and toughness [1] - The resin is suitable for out-of-autoclave (OOA) processing and can be used in the manufacturing of non-load-bearing, secondary load-bearing, and some primary load-bearing components in aerospace vehicles [1] - WA-780 is also the preferred material for composite mold prepregs [1] Group 2: Company Strategy and Market Engagement - The company is actively monitoring industry trends and potential opportunities within the supply chain [1] - It is focused on understanding customer dynamics and downstream market demands to continuously develop new products and technologies [1] - The company emphasizes strengthening collaboration with upstream and downstream partners to seize industry opportunities and drive its development [1]

（编辑 丛可心 袁冠琳） 证券日报网讯 12月24日，惠柏新材在互动平台回答投资者提问时表示，公司新型复合材料用环氧树脂 相关产品，可以应用在各类运动器材（如自行车架、高尔夫球杆等）、储氢气瓶、碳板、运动鞋材、机 器人手臂、无人机、汽车轻量化材料、军工等领域。具体公司产品的应用领域请见公司公开披露的信 息。 ...

（编辑 任世碧） 证券日报网讯 12月24日，惠柏新材在互动平台回答投资者提问时表示，公司珠海项目（一期）预计 2026年一季度试生产，如需变更，公司会根据相关规则要求履行审议程序及信息披露义务，另公司2025 年前三季度分红的具体实施时间，请以公司公开披露的信息为准。 ...

（文章来源：证券日报） 证券日报网讯 12月24日，惠柏新材在互动平台回答投资者提问时表示，公司中标的江西省长江化工有 限公司的产品是预浸料树脂。 ...

Group 1 - The core viewpoint of the news is that Huibo New Materials has seen a significant increase in its stock price, rising 1.05% to 32.57 CNY per share, with a total market capitalization of 3.005 billion CNY and a cumulative increase of 8.93% over the past six days [1] - Huibo New Materials specializes in the research, production, and sales of specialty modified epoxy resin products, with the main revenue sources being epoxy resins for wind turbine blades (81.88%), new composite materials (13.74%), and electronic insulation packaging (4.11%) [1] - The company was established on December 15, 2010, and went public on October 31, 2023, indicating a relatively recent entry into the public market [1] Group 2 - According to data, the Fuyong Fund has a significant holding in Huibo New Materials, with the Fuyong Fukan Mixed A Fund increasing its stake by 7,000 shares, now holding a total of 11,700 shares, which represents 2.32% of the fund's net value [2] - The Fuyong Fukan Mixed A Fund has achieved a year-to-date return of 49.69% and a one-year return of 46.81%, ranking 1122 out of 8088 and 1212 out of 8058 respectively in its category [2] - The fund manager, Jiang Fan, has a tenure of 1 year and 187 days, with the best fund return during this period being 49.4% [3]

格隆汇12月24日丨惠柏新材(301555.SZ)在投资者互动平台表示，公司珠海项目(一期)预计2026年一季度 试生产。 ...

东兴证券股份有限公司 关于惠柏新材料科技（上海）股份有限公司 2025 年度现场检查报告 （以下无正文） （本页无正文，为《东兴证券股份有限公司关于惠柏新材料科技（上海）股 份有限公司 2025 年度现场检查报告》之签署页） 保荐代表人：________________ ________________ 保荐机构名称：东兴证券股份有限公司 被保荐公司简称：惠柏新材 保荐代表人姓名：蒋卓征 联系电话：010-66555305 保荐代表人姓名：陆丹彦 联系电话：010-66555305 现场检查人员姓名：蒋卓征 现场检查对应期间：2025 年度 现场检查时间：2025 年 12 月 12 日、12 月 16 日-12 月 17 日 一、现场检查事项 现场检查意见 是 否 不适用 （一）公司治理 现场检查手段：查阅公司章程和现行内部控制制度、治理规则等文件，检查公司三会会议文 件、董事会专门委员会文件；访谈公司相关董事、高级管理人员；查阅公司相关公告及定期 报告等。 1.公司章程和公司治理制度是否完备、合规 √ 2.公司章程和三会规则是否得到有效执行 √ 3.三会会议记录是否完整，时间、地点、出席人员及会议内容等 ...

Group 1 - CICC is planning to absorb and merge Dongxing Securities and Xinda Securities through a share swap, with trading resuming on December 18, 2025 [1] - Victory Energy's major shareholder plans to transfer 29.99% of its shares to Qiteng Robotics, with no plans for asset restructuring in the next 12 months [2] - China Metallurgical Group intends to repurchase A-shares worth 1 to 2 billion yuan at a price not exceeding 4.9 yuan per share [3] Group 2 - Boten Co. plans to acquire part of the Yifeng Yunding Fund for 1 yuan, with a commitment to fulfill a 20 million yuan capital contribution [4] - Tongyou Technology has initiated a 50 million yuan accounts receivable factoring business [5] - Gaode Infrared has received approval to issue debt financing tools totaling up to 3 billion yuan [6] Group 3 - Zhengyu Industrial's application for a private placement of A-shares has been approved by the Shanghai Stock Exchange [7] - China CRRC signed contracts totaling approximately 53.31 billion yuan, accounting for 21.6% of its projected 2024 revenue [9] - High Energy Environment's director increased his stake by purchasing 56,100 shares [10] Group 4 - Shantou Technology received approval from the CSRC for a convertible bond issuance [11] - Puyang Co. plans to use up to 900 million yuan of idle funds for entrusted wealth management [12] - Huibai New Materials has been awarded a government subsidy of 3.8 million yuan, with the first installment of 2.12 million yuan already received [13] Group 5 - Jiayuan Technology's shareholders plan to transfer 2.51% of the company's shares through a pricing inquiry [14] - Lingpai Technology's subsidiary terminated a 125 million yuan procurement contract due to market changes [15] - Juguang Technology intends to use up to 200 million yuan of idle funds for cash management [16] Group 6 - Zhongwen Media's subsidiary terminated a 200 million yuan private equity fund subscription due to market changes [17] - Zhifei Biological's modified vaccine for monkeypox has received clinical trial acceptance [19] - GeKowei's subsidiary received a government subsidy of 60 million yuan, accounting for 32.12% of the company's audited net profit [20] Group 7 - Wantai Biological's application for a clinical trial of a respiratory syncytial virus vaccine has been accepted [21] - Haitai Technology plans to increase capital in its Thai joint venture from 500,000 to 3 million Thai baht [22] - Shanghai Airport signed contracts for the transfer of duty-free store operating rights [23] Group 8 - Del Shares received approval to issue shares for the acquisition of 100% of Aizhuo Intelligent [24] - Novozymes' products have obtained EU CE IVDR certification [25] - Shibai Testing's chairman's assistant plans to increase shareholding by 8 to 12 million yuan [26] Group 9 - Huitian New Materials plans to invest approximately 97.68 million yuan in a lithium battery anode glue project [27] - Pudong Construction's subsidiaries won contracts totaling 1.649 billion yuan [29] - Acolyte's subsidiary has entered trial production for a special high-temperature resistant resin project [30] Group 10 - Pingzhi Information's subsidiary signed a 38.25 million yuan computing power service contract [31] - Tianma Technology is required to pay 5.3625 million yuan in taxes and penalties [32] - Yahon Pharmaceutical's clinical trial application for GLX002 has been approved [34]

Core Viewpoint - 惠柏新材 has been recognized as a "2024 Headquarters Enterprise" in the Hongqiao International Central Business District, which will provide the company with significant financial support from the government [1] Financial Support - The company is expected to receive a one-time headquarters settlement support fund of RMB 1 million and additional functional and scale reward funds totaling RMB 2.8 million, distributed over three years at 40%, 30%, and 30% [1] - The total financial support amounts to RMB 3.8 million [1] - On December 16, 2025, the company received RMB 2.12 million from the Shanghai Jiading District Commerce Committee, which includes RMB 1 million as one-time headquarters settlement support and RMB 1.12 million as functional and scale reward funds [1] Impact on Profit - The government subsidies and related income are expected to account for 47.36% of the company's audited net profit attributable to shareholders for the year 2024 [1]