每周股票复盘：鑫科材料（600255）拟定向增发募资不超3.5亿元

Core Viewpoint - XinKe Materials (600255) is planning a private placement to raise up to 350 million yuan for repaying bank loans and supplementing working capital, with a share price set at 3.21 yuan per share [1][4]. Company Announcements - The company held its 10th second board meeting, approving the issuance of A-shares to the controlling shareholder, Sichuan Rongxin Hongzi Technology Co., Ltd., with a maximum issuance of 109,034,267 shares [1][3]. - A temporary shareholders' meeting is scheduled for January 28, 2026, to discuss 12 agenda items, including the private placement and shareholder return plans [1][3]. - XinKe Materials plans to engage in futures and derivatives trading in 2026, including copper, zinc, tin, nickel futures, and foreign exchange derivatives, with a maximum margin balance of 47.2 million yuan [2][4]. Financial and Regulatory Information - The company has not faced any penalties from securities regulators in the last five years, except for a public criticism in May 2021 for not completing a share buyback plan [2][4]. - The company has established a special account for the raised funds, ensuring that the funds are used specifically for their intended purposes, with strict decision-making processes in place [5]. - The private placement is subject to approval from the shareholders' meeting, state asset management departments, the Shanghai Stock Exchange, and the China Securities Regulatory Commission [5]. Shareholder Return Plan - A shareholder return plan for 2026-2028 has been established, prioritizing cash dividends, with conditions for distribution based on retained earnings and audit opinions [3][4].