Core Viewpoint - The company is undergoing a significant matter that may lead to a change in control, resulting in a temporary suspension of its stock trading for up to two trading days starting July 2, 2025 [2] Group 1: Business Overview - The company specializes in environmentally friendly high-performance corrosion-resistant materials, materials for wind turbine blades, new composite materials, and circular economy materials, primarily applied in energy conservation and environmental protection, as well as new energy sectors [2] - Products are widely used in pollution prevention projects across various industries, including electronics, new energy, semiconductors, rail transportation safety materials, electricity, petrochemicals, metallurgy, and construction [2] Group 2: Stock Performance - The company's stock price surged over 5.5 times on its debut on the Sci-Tech Innovation Board in September 2020, reaching a peak of 20.49 yuan per share, but has since seen a significant decline, with a current price of 7.78 yuan per share, representing a 61.48% drop from its historical high [3] - The stock has experienced low trading volume, with an average turnover rate of 0.59% year-to-date, ranking last in the plastics industry [3] Group 3: R&D Investment - The company’s investment in technological innovation is not prominent, with R&D expenditure of 30 million yuan in 2024, showing a slight decline over three consecutive years [6] - The R&D intensity, measured as the ratio of R&D expenditure to revenue, stands at 2.03% in 2024, placing the company in the bottom fifth of the plastics industry, indicating insufficient investment in technological innovation [6] Group 4: Shareholder Returns - The company has shown a lack of emphasis on shareholder returns, with a cash dividend rate of 19.56% since its listing, ranking ninth from the bottom in the plastics industry [7] - There have been no announcements for share buybacks or increases in holdings by major shareholders, contrasting with 12 announcements for share reductions, primarily by the major shareholder, Jin Feng Investment Holdings [7]
上纬新材:上市以来零增持、零回购!研发强度排名行业倒数