HHCK(SH:688535) Shang Hai Zheng Quan Bao·2025-04-30 02:40Core Viewpoint - The company, Jiangsu Huahai Chengke New Materials Co., Ltd., emphasizes its commitment to transparency and accuracy in financial reporting, as well as its strategic focus on enhancing core competitiveness through innovation and sustainable development [1][7][10]. Financial Data - The first quarter financial report for 2025 has not been audited, and the company has provided key financial data and indicators in RMB [2][5]. - The company reported a total of 94,656 shares repurchased, accounting for 0.12% of the total share capital, with a total expenditure of approximately RMB 7.999 million [4]. Shareholder Information - The company plans to repurchase shares using its own funds and bank loans, with a total repurchase amount between RMB 25 million and RMB 50 million, and a maximum price of RMB 121.99 per share [4][10]. Business Strategy - The company is focused on deepening its core business in semiconductor packaging materials, aiming to enhance its R&D capabilities and product offerings in response to emerging technologies such as AI, 5G, and IoT [11][10]. - The company plans to continue its high investment in R&D, with a reported R&D expenditure of RMB 26.41 million in 2024, reflecting a year-on-year increase of 7.15% [12][10]. Mergers and Acquisitions - The company has acquired a 30% stake in Hengsuo Huawai Electronics and plans to acquire the remaining 70% through a combination of shares, convertible bonds, and cash, which will enhance its capabilities in semiconductor packaging materials [15][10]. Corporate Governance - The company is committed to improving its governance structure and compliance with relevant laws and regulations, ensuring a clear division of responsibilities among its board, supervisory board, and management [16][10]. Investor Relations - The company prioritizes effective communication with investors and aims to enhance the quality of its disclosures and investor engagement through various channels [18][10]. Social Responsibility - The company adheres to its core values of integrity, technological innovation, and quality excellence, while actively fulfilling its social responsibilities and contributing to the stability of the capital market [19][10].