" RsM | 容 诚 审计报告 苏州珂玛材料科技股份有限公司 容诚审字[2025]215Z0778号 容诚会计师事务所(特殊普通合伙) 中国 - 北京 6-1-1 录 | 序号 | 内 容 | 页码 | | --- | --- | --- | | 1 | 审计报告 | 1-6 | | 2 | 合并资产负债表 | 1 | | 3 | 合并利润表 | 2 | | 4 | 合并现金流量表 | 3 | | 5 | 合并所有者权益变动表 | 4 | | 6 | 母公司资产负债表 | 5 | | 7 | 母公司利润表 | 6 | | 8 | 母公司现金流量表 | 7 | | 9 | 母公司所有者权益变动表 | 8 | | 10 | 财务报表附注 | d - 155 | 6-1-2 审计报告 容诚审字[2025]215Z0778号 苏州珂玛材料科技股份有限公司全体股东: 一、审计意见 我们审计了苏州珂玛材料科技股份有限公司(以下简称"珂玛科技")财务报表, 包括 2024 年 12 月 31 日、2023 年 12 月 31 日、2022 年 12 月 31 日的合并及母公 司资产负债表,2024年度、2023年度、20 ...

关于苏州珂玛材料科技股份有限公司 申请向不特定对象发行可转换公司债券 的审核问询函的回复报告 保荐人（主承销商） （广东省深圳市福田区中心三路 8 号卓越时代广场（二期）北座） 二零二五年十二月 深圳证券交易所： 根据贵所《关于苏州珂玛材料科技股份有限公司申请向不特定对象发行可转 换公司债券的审核问询函》（审核函〔2025〕020074 号）（以下简称"审核问 询函"）要求，中信证券股份有限公司（以下简称"保荐人"）会同苏州珂玛材 料科技股份有限公司（以下简称"公司"、"珂玛科技"或"发行人"）及容诚 会计师事务所（特殊普通合伙）（以下简称"会计师"或"申报会计师"）、上 海市通力律师事务所（以下简称"律师"或"发行人律师"）等中介机构，按照 贵所的要求对审核问询函中提出的问题进行了认真研究，现逐条进行说明，请予 审核。 说明： 一、如无特别说明，本回复报告中的简称或名词释义与募集说明书中的相同。 二、本回复报告中的字体代表以下含义： | 问询函所列问题 | 黑体（加粗） | | --- | --- | | 对问询函所列问题的回复 | 宋体（不加粗） | | 对募集说明书的引用 | 楷体（不加粗） | | 对 ...

公司本次向不特定对象发行可转换公司债券事项尚需通过深交所审核，并获得 中国证券监督管理委员会（以下简称"中国证监会"）同意注册后方可实施，最终能 否通过深交所审核并获得中国证监会同意注册的批复及其时间尚存在不确定性。公 司将根据该事项进展情况及时履行信息披露义务，敬请广大投资者注意投资风险。 关于向不特定对象发行可转换公司债券的审核问询函 特此公告。 回复及募集说明书等申请文件更新的提示性公告 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。 苏州珂玛材料科技股份有限公司（以下简称"公司"）于 2025 年 11 月 14 日收 到深圳证券交易所（以下简称"深交所"）出具的《关于苏州珂玛材料科技股份有限 公司申请向不特定对象发行可转换公司债券的审核问询函》（审核函〔2025〕020074 号）（以下简称"审核问询函"）。深交所对公司报送的向不特定对象发行可转换公司 债券的申请文件进行了审核，并形成审核问询问题。 证券代码：301611 证券简称：珂玛科技 公告编号：2025-061 苏州珂玛材料科技股份有限公司 公司按照审核问询函的要求，会同相关中介机构就问询函 ...

上海市通力律师事务所 关于苏州珂玛材料科技股份有限公司 向不特定对象发行可转换公司债券之 补充法律意见书（一） 致：苏州珂玛材料科技股份有限公司 敬启者： 根据苏州珂玛材料科技股份有限公司（以下简称"发行人"）的委托，上海市通力 律师事务所（以下简称"本所"）指派张征轶律师、韩政律师、马宇曈律师（以下简称 "本所律师"）作为发行人向不特定对象发行可转换公司债券（以下简称"本次发行"） 的专项法律顾问，已出具了《上海市通力律师事务所关于苏州珂玛材料科技股份有限公 司向不特定对象发行可转换公司债券之法律意见书》（以下简称"法律意见书"）、《上海 市通力律师事务所关于苏州珂玛材料科技股份有限公司向不特定对象发行可转换公司 债券之律师工作报告》（以下简称"律师工作报告"）（上述法律意见书、律师工作报告 合称"已出具法律意见"）。 鉴于发行人于 2025 年 10 月 30 日公告了《苏州珂玛材料科技股份有限公司 2025 年 第三季度报告》（以下简称"《2025 年第三季度报告》"），本所现根据前述《2025 年第三 季度报告》以及发行人提供的有关事实材料，并根据深圳证券交易所审核函 [2025]020074 号《关 ...

股票简称：珂玛科技 股票代码：301611 苏州珂玛材料科技股份有限公司 Suzhou Kematek, Inc. （苏州市高新区新钱路 1 号） 向不特定对象发行可转换公司债券 募集说明书 保荐人（主承销商） 广东省深圳市福田区中心三路 8 号卓越时代广场（二期）北座 二零二五年十二月 苏州珂玛材料科技股份有限公司 向不特定对象发行可转换公司债券募集说明书 声 明 中国证监会、交易所对本次发行所作的任何决定或意见，均不表明其对申请文件及 所披露信息的真实性、准确性、完整性作出保证，也不表明其对发行人的盈利能力、投 资价值或者对投资者的收益作出实质性判断或保证。任何与之相反的声明均属虚假不实 陈述。 根据《证券法》的规定，证券依法发行后，发行人经营与收益的变化，由发行人自 行负责。投资者自主判断发行人的投资价值，自主作出投资决策，自行承担证券依法发 行后因发行人经营与收益变化或者证券价格变动引致的投资风险。 任何投资者一经通过认购、交易、受让、继承或者其他合法方式持有本次债券，即 视作同意《受托管理协议》《债券持有人会议规则》及本募集说明书中其他有关发行人、 债券持有人、债券受托管理人等主体权利义务的相关约定 ...

Group 1: Financial Performance and Risk Management - The company has transitioned from positive to negative financial expenses primarily due to foreign exchange gains, and it has implemented a risk hedging mechanism to manage exchange rate fluctuations [2] - The company is currently profitable and has a sufficient backlog of orders, despite its stock price being underperforming compared to the market [3] - The company emphasizes the importance of maintaining financial stability and managing foreign exchange risks to enhance overall financial health [2] Group 2: Strategic Development and Market Position - The acquisition of Suzhou Kaixin Semiconductor Technology Co., Ltd. is expected to complement the company's existing product offerings in silicon carbide ceramics, enhancing its product layout [3] - The company is focused on addressing the critical component needs in the semiconductor equipment sector through increased R&D investment and production capacity expansion [5] - The company plans to use funds from the issuance of convertible bonds to build a production line for electrostatic chucks and expand the capacity for ceramic heaters [4] Group 3: Investor Relations and Communication - The company is committed to transparent communication regarding employee stock reduction plans and will disclose information as required by regulations [4] - The company acknowledges the impact of macroeconomic factors and market sentiment on stock price fluctuations and encourages investors to focus on long-term value [5] - There is currently no stock buyback plan, but the company aims to provide stable returns to shareholders based on its financial performance [4]

Core Viewpoint - Kema Technology has shown significant trading activity with a notable increase in stock price and financing activities, indicating strong investor interest and potential growth in the semiconductor materials sector [1][2]. Financing Summary - On December 1, Kema Technology's stock rose by 3.45%, with a trading volume of 326 million yuan. The financing buy-in amount for the day was 33.25 million yuan, while the financing repayment was 32.54 million yuan, resulting in a net financing buy of 0.71 million yuan [1]. - As of December 1, the total financing and securities lending balance for Kema Technology was 460 million yuan, accounting for 5.91% of its market capitalization, which is above the 90th percentile of the past year [1]. - In terms of securities lending, Kema Technology repaid 400 shares on December 1, with no shares sold, and the remaining securities lending balance was 6,900 shares, valued at 366,000 yuan, also above the 80th percentile of the past year [1]. Company Performance - As of November 20, Kema Technology had 26,700 shareholders, a decrease of 3.55% from the previous period, with an average of 5,484 circulating shares per person, an increase of 3.69% [2]. - For the period from January to September 2025, Kema Technology reported a revenue of 794 million yuan, representing a year-on-year growth of 28.86%, and a net profit attributable to shareholders of 245 million yuan, reflecting an 8.29% increase year-on-year [2]. Dividend and Shareholder Information - Kema Technology has distributed a total of 87.20 million yuan in dividends since its A-share listing [3]. - As of September 30, 2025, several institutional investors exited the top ten circulating shareholders list, including various ETFs and mutual funds, indicating potential shifts in investor sentiment [3].

证券代码：301611 证券简称：珂玛科技 公告编号：2025-060 苏州珂玛材料科技股份有限公司 届时公司高管将在线就公司 2025 年前三季度业绩、公司治理、发展战略、经营 状况、融资计划、股权激励和可持续发展等投资者关心的问题，与投资者进行沟通 与交流，欢迎广大投资者踊跃参与！ 特此公告。 苏州珂玛材料科技股份有限公司董事会 2025 年 12 月 1 日 关于参加 2025 苏州上市公司投资者 集体接待日活动的公告 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。 为进一步加强与投资者的互动交流，苏州珂玛材料科技股份有限公司（以下简 称"公司"）将参加"2025 苏州上市公司投资者集体接待日"活动，现将相关事项 公告如下： 出席本次年度网上集体接待日的人员有：公司副总经理、财务总监兼董事会秘 书仇劲松、证券事务代表雷梦思、内部审计部经理鲍冶石； 本次活动将采用网络远程的方式举行，投资者可登录"全景路演"（http://rs.p5w. net），或关注微信公众号：全景财经，或下载全景路演 APP，参与本次互动交流， 活动时间为 2025 年 12 月 2 ...

Group 1 - The core point of the news is that Kema Technology's stock price increased by 5.15% to 53.92 CNY per share, with a trading volume of 141 million CNY and a turnover rate of 1.82%, resulting in a total market capitalization of 23.509 billion CNY [1] - Kema Technology, established on April 27, 2009, is located in Suzhou, Jiangsu Province, and specializes in the research, manufacturing, sales, and services of advanced ceramic materials and surface treatment services for semiconductor equipment [1] - The company's main revenue sources are from the sales of advanced ceramic material components (91.74%), surface treatment services (7.20%), and other supplementary services (0.57%), with metal structural components contributing 0.49% [1] Group 2 - Southern Fund's Southern Zhihong Mixed A Fund (020645) has a significant holding in Kema Technology, having increased its position by 259,900 shares to a total of 375,900 shares, representing 2.73% of the fund's net value, making it the ninth-largest holding [2] - The Southern Zhihong Mixed A Fund was established on August 2, 2024, with a current size of 325 million CNY, achieving a year-to-date return of 27.06% and ranking 2932 out of 8199 in its category [2] - The fund manager, Jin Lanfeng, has been in position for 4 years and 196 days, overseeing a total asset size of 1.589 billion CNY, with the best return during his tenure being 43.71% [3]

Core Insights - The report highlights the strong performance of Nvidia in Q3 2025, with revenue reaching $57 billion, a quarter-over-quarter increase of 22% and a year-over-year increase of 62%, driven by robust demand in data center computing products [4][5] - The launch of Google's AI model, Nano Banana Pro, has generated significant market excitement, indicating a competitive landscape in AI capabilities and the necessity for continuous advancements in computational power [4][5] - The domestic computing power market is expected to see substantial growth, with various catalysts such as potential changes in U.S. GPU export policies and the upcoming IPO of domestic companies like Moore Threads [4][7] Industry Overview - The communication sector has experienced a decline, with the overall market indices showing a downward trend, particularly in the Shenzhen Component Index, which fell by 5.13% [2][5] - The report notes that the domestic computing power chain presents numerous opportunities, both from a capital expenditure perspective and in terms of domestic substitution and technological innovation [4][5] - The introduction of Huawei's AI container technology, Flex: AI, is expected to enhance the utilization of domestic computing clusters by 30%, showcasing advancements in AI infrastructure optimization [7] Company Insights - The report discusses the performance of Kema Technology, which achieved a revenue of 794 million yuan in Q3 2025, reflecting a year-over-year growth of 28.86% [8] - Kema Technology is positioned as a leader in advanced ceramic materials, with significant growth expected in its ceramic heater segment due to increased demand from domestic semiconductor manufacturers [8][9] - The company is actively pursuing domestic substitution opportunities, with a focus on high-purity aluminum oxide and high thermal conductivity aluminum nitride products, aiming to enhance its competitive edge in the semiconductor equipment market [8][9]