Group 1 - Shareholder Strait Co., Ltd. plans to reduce its holdings by up to 8 million shares, accounting for 2% of the company's total share capital [1] - Shareholder Beijing Housheng Investment Management Center (Limited Partnership) - Zhuhai Houzhong Equity Investment Center (Limited Partnership) plans to reduce its holdings by 8.5 million shares, representing 2.125% of the company's total share capital [1]

证券代码：301565 证券简称：中仑新材 公告编号：2025-027 中仑新材料股份有限公司 关于公司股东减持股份的预披露公告 公司股东 Strait Co, Ltd.及北京厚生投资管理中心（有限合伙）—珠海厚中股权投 资中心（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。 特别提示： 持有中仑新材料股份有限公司（以下简称"公司"）股份 51,000,000 股（占 公司总股本比例 12.750%）的股东 Strait Co, Ltd.（以下简称"Strait"）计划自 本公告发布之日起 15 个交易日后的 90 个自然日内拟通过集中竞价、大宗交易方 式减持本公司股份合计不超过公司总股本的 2.000%，即不超过 8,000,200 股， 且任意连续 90 个自然日内通过集中竞价交易减持股份总数量不超过公司总股本 的 1.000%，即不超过 4,000,100 股；持有公司股份 17,000,000 股（占公司总股 本比例 4.250%）的股东北京厚生投资管理中心（ ...

Investment Rating - The report gives a "Buy" rating for the company with a target price of 34.6 CNY per share, based on a reasonable PE valuation of 35 times for 2026 [4]. Core Viewpoints - The company is positioned as a leading player in the BOPA film market, with plans to rapidly expand into other fields, leveraging its deep expertise in film products [3][12]. - The BOPA film market has shown rapid growth, with global demand increasing from 271,300 tons in 2016 to 494,000 tons in 2023, representing a CAGR of 8.91%. The Chinese market is even more dynamic, with a CAGR of 13.01% [2][24]. - The company aims to develop multiple champion products in the next five years that can compete with BOPA films, while also expanding into high-end emerging markets such as solid-state battery packaging materials and electronic components [1][12]. Summary by Sections Strategic Layout - The company focuses on becoming a high-end materials innovation enterprise, utilizing a multi-matrix, high-precision, and global strategy. It aims to create a sustainable development system covering the entire product lifecycle [12][14]. - The company has established an integrated industrial chain strategy for PA6 and functional BOPA films, positioning itself as a global leader with over 20% market share [13][32]. BOPA Film Market - The BOPA film market is experiencing significant growth, with the company holding a 20% global market share and a 36% share in China. The market potential remains large, as BOPA films only account for 1.9% of the total plastic film market [2][32]. - The company is expanding its production capacity, with plans for new production lines to meet increasing demand, particularly in the food and healthcare sectors [23][28]. Financial Data and Projections - The company expects to achieve net profits of 1.4 billion CNY, 3.96 billion CNY, and 6 billion CNY for the years 2025, 2026, and 2027, respectively. Revenue is projected to grow from 2.35 billion CNY in 2023 to 4.86 billion CNY in 2027 [3][4]. - The EBITDA is forecasted to increase significantly, with a notable jump in 2026, reflecting the anticipated production capacity expansion [3][4]. Technological Advantages - The company possesses advanced production technologies, including magnetic suspension linear motor synchronous stretching technology, which enhances production efficiency and product quality [8][49]. - The company has a strong R&D pipeline, with increasing investment in new projects aimed at high-temperature nylon and composite materials, indicating a commitment to innovation [21][22]. Market Demand and Applications - BOPA films are widely used in food preservation and packaging due to their excellent mechanical properties and barrier performance. The demand for BOPA films is expected to grow, particularly in the lithium battery sector [23][36]. - The company is also focusing on new applications for BOPA films in the lithium battery market, which is projected to see significant growth in the coming years [38][39].

证券代码：301565 证券简称：中仑新材 公告编号：2025-026 中仑新材料股份有限公司 关于首次公开发行前已发行股份上市流通的提示性公告 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。 特别提示： "发行人"）首次公开发行前已发行股份； 公司总股本的 16.9996%，限售期为自公司股票首次公开发行并在深圳证券交易 所上市交易之日起 12 个月； 一、公司首次公开发行前已发行股份概况 经中国证券监督管理委员会《关于同意中仑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〔2024〕112 号）同意注册，并根据深圳证券交 易所《关于中仑新材料股份有限公司人民币普通股股票在创业板上市的通知》 （深 证上〔2024〕472 号），同意公司获准向社会公开发行人民币普通股中的 首次公开发行前公司总股本为 340,000,000 股，首次公开发行股票完成后公 司 总 股 本 为 400,010,000 股 ， 其 中 无 流 通 限 制 或 限 售 安 排 的 股 票 数 量 为 票数量为 343,664,575 股，占发行后总股本的比例为 85.91% ...

证券代码：301565 证券简称：中仑新材 公告编号：2025-026 3.本次解除限售的股份的上市流通日期为 2025 年 6 月 20 日（星期五）。 一、公司首次公开发行前已发行股份概况 经中国证券监督管理委员会《关于同意中仑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〔2024〕112 号）同意注册，并根据深圳证券交 易所《关于中仑新材料股份有限公司人民币普通股股票在创业板上市的通知》（深 证上〔2024〕472 号），同意公司获准向社会公开发行人民币普通股中的 60,010,000 股，自 2024 年 6 月 20 日起在深圳证券交易所上市。 首次公开发行前公司总股本为 340,000,000 股，首次公开发行股票完成后公 司总股本为 400,010,000 股，其中无流通限制或限售安排的股票数量为 56,345,425 股，占发行后总股本的比例为 14.09%；有流通限制及限售安排的股 票数量为 343,664,575 股，占发行后总股本的比例为 85.91%。2024 年 12 月 20 日，公司首次公开发行网下配售限售股份上市流通，股份数量 3,664,575 股，具 体内容详 ...

国泰海通证券股份有限公司 关于中仑新材料股份有限公司 首次公开发行前已发行股份上市流通的核查意见 国泰海通证券股份有限公司（以下简称"国泰海通"或"保荐人"）作为中 仑新材料股份有限公司（以下简称"中仑新材"或"公司"）首次公开发行股票 并在创业板上市及持续督导的保荐人，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》《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》《深圳证券交易所上市公司自律监管指 引第 13 号——保荐业务》等法律法规的相关规定，对中仑新材首次公开发行前 已发行股份上市流通事项进行了核查，核查情况及核查意见如下: 一、本次上市流通的限售股类型 中国证券监督管理委员会于 2024 年 1 月 19 日出具《关于同意中仑新材料股 份有限公司首次公开发行股票注册的批复》（证监许可〔2024〕112 号），同意公 司首次公开发行股票的注册申请。公司首次向社会公开发行人民币普通股（A 股） 60,010,000 股，并于 2024 年 6 月 20 日在深圳证券交易所创业板上市交易，发行 完成后总股本为 400,010,000 股，其中无流通限制 ...

Group 1 - Tianyuan Pet announced the acquisition of 89.71% stake in Guangzhou Taotong Technology for approximately 688 million yuan, following a previous purchase of 10% stake for 77 million yuan [1][2] - This acquisition marks the second pet industry company acquired by Tianyuan Pet in the first half of the year, with the first being the B2B supply chain platform "Itpin" [2] - The acquisition aims to enhance the product variety of the listed company and inject a strong e-commerce sales capability, addressing the shortcomings in domestic online channels [2] Group 2 - Taotong Technology is a well-known domestic e-commerce service provider in the food sector, with partnerships including major brands like Mars, Mondelez, Pepsi, and Nestle [2] - Taotong Technology's sales revenue reached 2 billion yuan in 2024, with revenues of 1.609 billion yuan and 2.014 billion yuan for 2023 and 2024 respectively, and net profits of 62.52 million yuan and 69.06 million yuan [2] - The sellers have made performance commitments for Taotong Technology, ensuring net profits of no less than 70 million yuan, 75 million yuan, and 80 million yuan for the years 2025-2027, totaling 225 million yuan over three years [2] Group 3 - Tianyuan Pet's main products include pet home goods, apparel, toys, and living supplies, with a historical focus on overseas OEM, serving clients like Walmart and Amazon [3] - Since 2023, Tianyuan Pet has shifted its sales focus to the domestic market, increasing its domestic revenue share from 45% to 52%, although its e-commerce penetration remains below the industry average [3] - The company has faced challenges with revenue growth not translating into profit, with revenues of 1.887 billion yuan, 2.037 billion yuan, and 2.764 billion yuan from 2022 to 2024, and net profits of 129 million yuan, 76.56 million yuan, and 45.96 million yuan respectively [3]

证券代码：301565 证券简称：中仑新材 公告编号：2025-025 中仑新材料股份有限公司 关于公司为全资三级子公司提供担保的进展公告 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 中仑新材料股份有限公司（以下简称"中仑新材"、"公司"）于 2025 年 4 月 22 日召开了第二届董事会第八次会议、第二届监事会第八次会议，分别审 议通过《关于 2025 年度向金融机构申请综合授信额度及对外担保额度预计的议 案》。根据公司经营发展需要，公司（含子公司，下同）预计 2025 年度向金融 机构申请综合授信总额最高不超过人民币 60 亿元，有效期自董事会审议通过之 日起 12 个月内，授信额度在期限内可循环使用。为保证公司向业务相关方（包 括但不限于银行、金融机构及其他业务合作方）申请银行综合授信或其他经营事 项的顺利开展，公司将根据业务发展及生产经营需要，2025 年度公司及全资子 公司拟为公司全资子公司提供担保额度预计为 9.5 亿元人民币（或等值外币）， 包括新增担保、原有担保的展期或续保、及已审批的仍在有效期内的担保。其中， 新增不超 ...

Group 1: Xinyu Guoke - Xinyu Guoke is rapidly developing in the field of explosive devices, which has become a major economic growth point for the company [1] - The company has won bids for four to five product models, and if these models can be finalized for mass production, it will bring considerable sales revenue [1] - The company has expansion plans, with a new special equipment production line project having obtained land use rights and undergoing internal technological upgrades [1] Group 2: Tianyuan Pet - The domestic pet market in China has seen rapid growth since 2010, with the urban pet (dog and cat) consumption market expected to reach 300.2 billion yuan in 2024, a 7.5% increase from 2023 [2] - The company has established an efficient multi-category product supply chain management system and is expanding production capacity in Vietnam and Cambodia [2] - The company plans to focus on its own brand, develop traditional e-commerce, and explore content e-commerce, with a projected domestic revenue of 1.431 billion yuan and a gross margin of 11.65% in 2024 [2] Group 3: Lianchuang Optoelectronics - Lianchuang Optoelectronics has introduced the progress and future plans of the "Spark One" project, which has entered the operational phase and is expected to complete key construction by 2028-2029 [3] - The company anticipates business development in 2023, focusing on upgrading laser products, expanding overseas, and ensuring delivery [3] - The company detailed the composition and R&D progress of superconducting coils in controlled nuclear fusion, highlighting the technical barriers and innovations in high-temperature superconducting technology [3] Group 4: Company Overview - Dunhe Asset Management Co., Ltd. was established on March 2, 2011, and is a domestic macro private equity fund company focused on investment in domestic and international capital markets [4] - The company has developed a multi-asset allocation strategy, utilizing various tools such as spot, futures, options, and OTC derivatives [4] - Dunhe Asset Management has an asset management scale exceeding 40 billion yuan, ranking among the top in the private equity securities investment fund industry [4]

Core Insights - The pet economy in China has surpassed 500 billion yuan, maintaining over 20% growth for five consecutive years, driven by social changes, evolving consumer attitudes, and technological advancements [1][4]. Group 1: Observations on the Pet Economy - The pet product consumption is experiencing a refined upgrade, with functional cat food and high-end products growing over 50%, and smart pet products expanding at an annual rate of 35% [4][5]. - The pet service sector has developed a dual-layer consumption structure, with basic services like pet grooming seeing a 180% increase in search volume, and pet insurance adoption rates quadrupling over three years [5]. Group 2: Driving Factors Behind Pet Economy Growth - Social changes, such as aging and declining birth rates, have redefined family structures, with pets providing emotional support for lonely individuals [6]. - There is a shift in consumer perception, with younger generations viewing pets as family members, leading to increased spending on pet-related products and services [7]. - Technological innovations, including IoT and AI, are reshaping the pet industry, enhancing efficiency and standardization [8]. Group 3: Challenges and Concerns in the Industry - The pet market faces issues such as fraudulent practices in live pet trading and a lack of standards in pet food, leading to a 120% increase in consumer complaints in 2024 [10]. - Intense competition has emerged due to significant capital influx, resulting in a "price war" among brands, particularly in the pet supplies sector [11]. - Regulatory frameworks are lagging, with a lack of unified standards in emerging areas like pet insurance and veterinary services [12]. Group 4: Future Trends in the Pet Economy - The industry is expected to see a parallel growth in smart and health-focused products, with health-related spending projected to exceed 40% of total pet expenditures [13]. - Professionalization and standardization of services are anticipated, with leading companies enhancing service quality through brand and chain development [14]. - Cross-industry integration is likely to create new business models, such as pet-themed hotels and training courses, expanding the consumption landscape [15]. Group 5: Benefiting Companies - Guobao Pet is projected to generate 5.244 billion yuan in revenue in 2024, leading the domestic pet business sector, with a 34.82% year-on-year increase in Q1 2025 revenue [16]. - Zhongchong Co. is expected to achieve 4.464 billion yuan in revenue in 2024, ranking second, with a 25.41% year-on-year increase in Q1 2025 revenue [16]. - Tianyuan Pet is anticipated to reach 2.764 billion yuan in revenue in 2024, ranking third among domestic pet companies [16]. - Yuanfei Pet, a leading global pet leash manufacturer, has over 90% of its products exported, with a significant portion of high-margin products [17]. - Ruipu Bio is collaborating with veterinary hospitals to enhance its pet medical services, projecting 690 million yuan in revenue for 2024 [17]. - Yiyi Co. is focusing on disposable pet hygiene products, with a projected revenue of 1.798 billion yuan in 2024 [19].