证券代码：301588 证券简称：美新科技 公告编号：2025-036 美新科技股份有限公司 关于修改《公司章程》及其附件并办理工商变更登记的公告 一、《公司章程》及其附件修订情况 根据《中华人民共和国公司法》《中华人民共和国证券法》《上市公司章程指引》 《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》等法律法规、规范性文件的规定，结合公司实际 情况，现拟对《公司章程》《股东会议事规则》《董事会议事规则》进行修订。本次 修订完成后，公司将不再设置监事会，监事会的职权由董事会审计委员会行使，公 司《监事会议事规则》相应废止。 （一）《公司章程》修订情况 现拟对《公司章程》部分条款进行修订。具体情况如下: | 原《公司章程》条款 | 修订后《公司章程》 | | --- | --- | | 第一条 为维护公司、股东和债权人的合法权 | 第一条 为维护公司、股东、职工和债权人 | | 益，规范公司的组织和行为…… | 的合法权益，规范公司的组织和行为…… 第七条 代表公司执行公司事务的董事为公 | | | 司法定代表人，公司董事长为代表公司执行 | | | ...

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、召开会议的基本情况 1、股东大会届次：2025 年第一次临时股东大会 2、股东大会的召集人：董事会 证券代码：301588 证券简称：美新科技 公告编号：2025-038 美新科技股份有限公司 关于召开 2025 年第一次临时股东大会的通知 3、本次会议的召集、召开符合《中华人民共和国公司法》《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》等法律、行政法规、部门规章、规范性文件及《公司章程》的有关规定。 4、会议时间： （1）现场会议时间：2025 年 11 月 10 日 14:30 （2）网络投票时间：通过深圳证券交易所系统进行网络投票的具体时间为 2025 年 11 月 10 日 9:15-9:25，9:30-11:30，13:00-15:00；通过深圳证券交易所互联网投票系统投 票的具体时间为 2025 年 11 月 10 日 9:15 至 15:00 的任意时间。 5、会议的召开方式：现场表决与网络投票相结合。 6、会议的股权登记日：20 ...

证券代码：301588 证券简称：美新科技 公告编号：2025-034 美新科技股份有限公司 第二届监事会第十三次会议决议公告 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 美新科技股份有限公司（以下简称"公司"）第二届监事会第十三次会议于 2025 年 10 月 22 日 11:30 在公司会议室以现场表决方式召开。会议通知已于 2025 年 10 月 19 日通过电话、邮件、微信的方式送达各位监事。本次会议应出席监事 3 名，实 际出席监事 3 名。本次会议由公司监事会主席何国强先生主持。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《公司章程》等有关规定，决议 合法有效。经各位监事认真审议，会议形成了如下决议： 二、监事会会议审议情况 经审议，监事会认为：公司本次变更部分募投项目内部投资结构用途符合项目 规划与公司经营发展战略，不会对募投项目的实施造成实质性的影响，不会更改募 投项目的实施主体、实施方式，不会对公司生产经营产生重大不利影响，不存在损 害股东尤其是中小股东利益的情况。 具体内容详见同日于巨潮资讯网（ ...

证券代码：301588 证券简称：美新科技 公告编号：2025-033 第二届董事会第十八次会议决议公告 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、董事会会议召开情况 美新科技股份有限公司（以下简称"公司"）第二届董事会第十八次会议于 2025 年 10 月 22 日 11:00 在公司会议室以现场结合通讯表决的方式召开。会议通知已于 2025 年 10 月 19 日通过电话、邮件、微信的方式送达各位董事。本次会议应出席董 事 9 名，实际出席董事 9 名（其中董事林东琦先生、林翠君女士、陈臣先生、李承 晟先生、独立董事庄任艳女士、王平辉先生、王清文先生以通讯方式出席）。本次 会议由公司董事长林东融先生主持，公司全体高级管理人员列席会议。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《公司章程》等有关规定。 经各位董事认真审议，会议形成了如下决议： 二、董事会会议审议情况 （一）审议通过《关于<2025 年第三季度报告>的议案》 经审议，董事会认为：公司《2025 年第三季度报告》的内容真实、准确、完整 地反映了公司 2025 年第三 ...

Revenue and Profitability - Q3 2025 revenue reached ¥226,388,975, an increase of 8.64% compared to ¥208,383,200 in the same period last year[5] - Net profit attributable to shareholders was ¥6,046,703, down 23.90% from ¥7,945,394 year-on-year[5] - Basic earnings per share decreased by 28.57% to ¥0.05 from ¥0.07 in the previous year[5] - Total operating revenue for the current period reached ¥672,436,374.60, an increase of 4.99% compared to ¥644,144,300.78 in the previous period[2] - Net profit for the current period was ¥25,311,441.49, a decrease of 39.0% from ¥41,470,283.88 in the previous period[2] - Earnings per share (EPS) decreased to ¥0.24 from ¥0.38 in the previous period, reflecting a decline of 36.84%[3] - The company reported a total comprehensive income of ¥24,208,261.22, significantly lower than ¥41,034,937.86 in the previous period[2] Cash Flow and Liquidity - Operating cash flow increased significantly by 86.82% to ¥10,126,190 from ¥76,818,960 year-to-date[5] - Cash flow from operating activities showed a net outflow of ¥10,126,197.70, an improvement from a net outflow of ¥76,818,968.69 in the previous period[3] - Cash and cash equivalents at the end of the period totaled ¥146,696,384.73, down from ¥306,146,530.37 at the end of the previous period[3] - The company reported a decrease in cash and cash equivalents by 35.60% to ¥192,159,246.33 due to the impact of fundraising usage[12] - The cash and cash equivalents decreased to CNY 192,159,246.33 from CNY 298,365,751.06, indicating a potential liquidity concern[19] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,781,402,963.32, reflecting a 4.05% increase from the previous year[5] - Total liabilities increased to CNY 833,091,647.17 from CNY 787,426,213.33, indicating a rise in financial obligations[20] - Non-current assets totaled CNY 905,838,863.78, up from CNY 772,843,439.60, showing significant investment in long-term resources[20] - The company’s total liabilities and equity reached ¥1,781,402,963.32, an increase from ¥1,711,983,351.37 in the previous period[1] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 6,960, with no preferred shareholders[15] - The largest shareholder, New Asia Investment, holds 36.01% of shares, totaling 42,803,571 shares, with 7,300,000 shares pledged[15] Other Financial Metrics - Other income surged by 919.31% to ¥1,730,789.20, primarily driven by increased government subsidies received[13] - Deferred income increased by 86.50% to ¥42,714,627.10, mainly due to the rise in long-term government bond subsidies[13] - The company reported a 41.42% decrease in tax payable, amounting to ¥7,840,357.81, mainly due to reduced corporate income tax[13] - Other comprehensive income showed a significant decline of 1461.43%, resulting in a loss of ¥1,103,180.27, primarily due to foreign currency translation differences[13] - The company incurred a credit impairment loss of ¥1,693,462.80, slightly improved from ¥1,724,926.71 in the previous period[2] Investments and Capital Expenditures - The company invested ¥162,149,745.43 in fixed assets during the current period, compared to ¥189,062,378.30 in the previous period[4] - Long-term receivables increased by 35.59% to ¥10,034,289.34, primarily due to new financing lease deposits[13] - Other equity instrument investments reached ¥10,000,000.00, marking a 100% increase from the previous period[13] - Construction in progress rose by 70.90% to ¥270,942,794.15, mainly due to the ongoing construction of new facilities and equipment[13] Accounting Standards and Reporting - The company has implemented retrospective adjustments following the issuance of the new accounting standard by the Ministry of Finance[5] - The new accounting standards will be implemented starting in 2025, affecting the financial statements from the beginning of that year[25] - The third quarter financial report of Meixin Technology Co., Ltd. has not been audited[25]

Group 1: Market Overview and Growth Potential - The global plastic-wood market is projected to exceed $12.598 billion by 2030, with a compound annual growth rate (CAGR) of 10.62% [2][3] - Key drivers for growth include environmental benefits, diverse application scenarios, technological advancements, and supportive policies for green industries [3] Group 2: Company Development Strategy - The company aims to leverage the rapid growth of the global plastic-wood market, focusing on overseas markets as a core growth engine [3] - Domestic market strategy involves a "dual brand matrix + full-channel penetration" approach to enhance market influence and share [4] Group 3: Product and Brand Strategy - High-end product "Meixin Chao Yue Mu" targets premium outdoor wood products, while the mid-range brand "Regreen Wei Qing Mu" focuses on cost-effective solutions for the mid-tier market [4][5] - The company is enhancing its product portfolio to cover both high-end and mid-range markets, aiming to meet diverse consumer needs [4] Group 4: Production Capacity and Automation - The company's new environmental plastic-wood profile industrialization project is in the equipment installation phase, expected to increase overall production capacity to 130,000 tons [3] - The company has established a highly automated production system, significantly improving production efficiency and product quality [5] Group 5: Market Position and Competition - China is the largest producer and exporter of plastic-wood composite materials, with significant growth potential in domestic consumption [6][7] - The company views mergers and acquisitions as a strategic means to enhance competitiveness and expand product offerings [8] Group 6: Management and Governance - The management team, led by Chairman Lin Dongrong, is stable and focused on long-term sustainable development [9] - The company has implemented a stock incentive plan to attract and retain key talent, aligning with its long-term strategic goals [10]

Company Overview - The company is named Meixin Technology Co., Ltd., with the stock code 301588.SZ, and it operates in the rubber and plastic products industry [6]. IPO Information - The IPO application date was March 31, 2022, and the listing date was March 13, 2024, with an average listing cycle of 629.45 days, while Meixin Technology's cycle was 713 days, exceeding the average [3][6]. - The underwriting and sponsorship fees amounted to 39.62 million yuan, with a commission rate of 9.20%, higher than the overall average of 7.71% [4]. - The initial public offering (IPO) price-to-earnings (P/E) ratio was 20.90 times, which is 96.49% of the industry average of 21.66 times [9]. Market Performance - On the first day of trading, the stock price increased by 157.86% compared to the issue price [5]. - After three months of trading, the stock price rose by 75.38% from the issue price [8]. - The actual fundraising amount was 431 million yuan, which represents a decrease of 58.10% from the expected fundraising of 1.028 billion yuan [10]. Financial Performance - In 2024, the company's operating revenue increased by 5.03% year-on-year, while the net profit attributable to the parent company decreased by 22.90%, and the net profit excluding non-recurring gains and losses dropped by 26.49% year-on-year [11]. Evaluation and Scoring - The total score for Meixin Technology's IPO project was 78.5 points, classified as grade C. Negative factors affecting the score include the need for improved information disclosure quality, a lengthy listing cycle, high issuance cost ratio, significant reduction in actual fundraising amount, and a decline in net profit in the first accounting year [12].

Group 1: Tariff Response Strategies - The company aims to mitigate the impact of the 60% tariff on exports to the U.S. through strategic measures, including flexible pricing adjustments and enhanced communication with U.S. clients [2][3] - A market diversification strategy will be implemented to reduce reliance on a single market and spread tariff risks [2] - Supply chain optimization will focus on finding cost-effective raw material suppliers and production partners [2] Group 2: Wall Panel Business Growth - The wall panel business has seen revenue growth due to its complex production process and higher market demand compared to wood-plastic flooring [4] - The wall panels offer significant advantages in performance, installation, and application, meeting consumer demands for aesthetics and durability [4] - The market for wall panels is expected to expand as consumer preferences shift towards personalized and visually appealing home renovations [4] Group 3: Mergers and Acquisitions Strategy - The company views mergers and acquisitions as key to expanding its product range and enhancing competitiveness [5][6] - Current acquisition strategies focus on expanding product types, particularly in outdoor and garden categories [6] - The company is actively pursuing channel integration, especially in overseas sales, to improve market coverage and sales efficiency [6] Group 4: Leadership and Succession Planning - The current chairman, Lin Dongrong, remains actively involved in the company's operations with no immediate retirement plans [7] - The company has established incentive mechanisms and talent development systems to retain key personnel and enhance management capabilities [7] - A modern corporate governance structure is in place to ensure long-term stability and smooth leadership transitions [7] Group 5: U.S. Market Development - The company operates in over 50 countries, primarily selling through its brand "NEWTECHWOOD" and establishing a network of distributors [8] - In the U.S. market, the company employs a differentiated strategy, leveraging partnerships with major home improvement retailers [8] - Despite the competitive landscape, the company aims to enhance its market share and industry competitiveness through product innovation and brand building [8] Group 6: Core Competitiveness and Future Plans - The company has over 20 years of experience in the wood-plastic industry, with a strong focus on R&D and technical expertise [9] - Over 90% of sales come from its own brand, supported by a broad sales network and high market recognition [9] - Future plans include continued R&D investment, product line expansion, and strengthening brand promotion to enhance customer loyalty [9][10]

Core Insights - The home goods sector experienced a slight decline of 0.02% on September 11, with C艾芬达 leading the drop [1] - The Shanghai Composite Index closed at 3875.31, up 1.65%, while the Shenzhen Component Index closed at 12979.89, up 3.36% [1] Market Performance - The top-performing stocks in the home goods sector included 美之尚, which rose by 19.29% to a closing price of 21.71, and 梦天家居, which increased by 5.51% to 16.66 [1] - Conversely, C文分达 led the declines with a drop of 4.36% to 71.51, followed by 中源家居, which fell by 4.04% to 14.74 [2] Trading Volume and Capital Flow - The home goods sector saw a net outflow of 284 million yuan from institutional investors, while retail investors contributed a net inflow of 313 million yuan [2] - The trading volume for the top stocks included 美之尚 with 95,800 shares traded and a transaction value of 191 million yuan [1] Individual Stock Analysis - 好太太 experienced a net outflow of 31.96 million yuan from institutional investors, while retail investors contributed a net inflow of 8.19 million yuan [3] - C艾芬达 had a net inflow of 16.09 million yuan from institutional investors, but saw a net outflow of 11.72 million yuan from retail investors [3]

中国国际金融股份有限公司 关于美新科技股份有限公司 2025 年半年度跟踪报告 | 保荐人名称：中国国际金融股份有限公司 | 被保荐公司简称：美新科技 | | --- | --- | | 保荐代表人姓名：张志杰 | 联系电话：010-65051166 | | 保荐代表人姓名：吴杰 | 联系电话：010-65051166 | 一、保荐工作概述 | 项 目 | 工作内容 | | --- | --- | | 1.公司信息披露审阅情况 | | | （1）是否及时审阅公司信息披露文件 | 是 | | （2）未及时审阅公司信息披露文件的次数 | 0 次 | | 2．督导公司建立健全并有效执行规章制度的情况 | | | （1）是否督导公司建立健全规章制度（包括但不 限于防止关联方占用公司资源的制度、募集资金管 | 是 | | 理制度、内控制度、内部审计制度、关联交易制度） | | | （2）公司是否有效执行相关规章制度 | 是 | | 3.募集资金监督情况 | | | （1）查询公司募集资金专户次数 | 每月 次，共 次 1 6 | | （2）公司募集资金项目进展是否与信息披露文件 | 是 | | 一致 | | | 4.公 ...