申万宏源证券承销保荐有限责任公司关于石大胜华新材料集团股份有限公司2025年度持续督导工作现场检查报告

Group 1 - The core viewpoint of the news is that Shenwan Hongyuan Securities conducted a thorough on-site inspection of Shida Shenghua New Materials Group Co., Ltd. to ensure compliance with regulations and assess the company's governance and operational status [1][10] Group 2 - The company has established a complete and compliant governance structure, with effective execution of internal control systems and proper functioning of the board and shareholder meetings [2] - Information disclosure practices are in line with regulations, with all disclosed announcements being accurate and complete, and no undisclosed significant matters identified [3] - The company has implemented measures to prevent the controlling shareholder and related parties from misappropriating company funds, ensuring asset independence and integrity [4] Group 3 - The company has established a dedicated account for raised funds, adhering to strict management protocols, with no unauthorized changes in the use of funds reported [5] - There are no violations regarding related party transactions, external guarantees, or significant investments, with decision-making processes properly regulated [6] Group 4 - The company reported a net profit attributable to shareholders of -66.03 million yuan for the first three quarters of 2025, a significant decline of 2,687.63% year-on-year, primarily due to intense market competition and price drops in key products [7][8] - Despite the downturn, the company anticipates improved performance in the fourth quarter due to a recovery in market prices for certain products linked to the energy storage sector [8] Group 5 - The company has shown no significant adverse changes in its main business or operational model, maintaining independence in its operations and financials [8] - The inspection concluded that the company has not violated any relevant laws or regulations, and its governance structure continues to improve [13]