Summary of Conference Call Notes Industry Overview - The focus of the discussion is on the specialty glass fiber industry, particularly the Low CTE (Coefficient of Thermal Expansion) glass fiber cloth segment [1][1]. Key Points and Arguments 1. **Supply Shortage of Low CTE Glass Fiber Cloth** - Global leader in BT substrate materials, Mitsubishi Gas Chemical, has notified customers of delivery delays extending to 4-5 months [1]. - The demand for advanced packaging from TSMC's CoWoS is driving tight supply for ABF substrate materials, which is now affecting BT substrates [1]. - There is an expectation of price increases for upstream Low CTE glass fiber cloth due to rising substrate material prices [1]. 2. **Price Increase by Nitto Denko** - Nitto Denko announced a 20% price increase for its composite materials division, which includes products like woven fabrics and chopped strands [1]. - These products were previously operating at a loss, indicating a strategic shift to improve profitability [1]. 3. **Impact of Tariffs on Exports** - The price increase may be influenced by tariffs that have hindered some Chinese exports to the U.S., leading to tight overseas supply, particularly for chopped products [2]. 4. **Real Estate Market Trends** - In the real estate sector, the rolling weekly transaction area for new homes in 30 major cities has decreased by 3% year-on-year, consistent with the previous week [3]. - Conversely, the transaction area for second-hand homes in 12 cities has increased by 3% year-on-year, although this is a decline from the previous week's 16% [3]. Additional Insights - The price increase for Nitto Denko's products is expected to benefit Chinese companies with overseas production capabilities, such as China Jushi [3]. - A recommended investment strategy includes focusing on domestic substitution chains, with a preference for Zhongcai Technology, and considering companies like Keda Manufacturing and Huaxin Cement in the African supply chain [4]. - The report suggests that despite low market expectations, companies like Sankeshu and Rabbit Baby are showing signs of operational improvement in Q2 [4].

Core Viewpoint - The wind power industry is experiencing an upward trend, with accelerated demand for offshore wind energy, leading to strong growth potential for wind power coatings and bearings as key functional materials [1] Group 1: Industry Outlook - The domestic wind power installed capacity is expected to reach 112 GW by 2025, representing a year-on-year increase of approximately 25% [1] - Offshore wind power benefits from environmental friendliness and abundant resources, supported by policies, which will provide long-term support for wind power installations during the 14th Five-Year Plan [1] - The Global Wind Energy Council (GWEC) projects a compound annual growth rate (CAGR) of 23% for new installations overseas from 2024 to 2026, indicating that overseas markets will contribute significantly to global wind power demand growth starting in 2026 [1] Group 2: Coating Segment - Wind power coatings, including blade and tower coatings, provide essential protective functions such as impact resistance and corrosion prevention [2] - The domestic market for blade coatings has seen local manufacturers break the foreign monopoly, with Maijia Xincai holding over 40% market share [2] - The total demand for wind power coatings is projected to reach 14.3 million tons by 2025, corresponding to a market size of approximately 4.53 billion yuan, with an expected annual compound growth rate of about 10% from 2024 to 2027 [2] Group 3: Bearing Segment - Wind power bearings are critical components connecting various systems within wind turbines, with a current domestic localization rate of about 35% for main shaft bearings [3] - The shift towards domestic production is expected to accelerate due to supply chain adjustments and improved cost-performance ratios [3] - The market size for sliding bearings, which are anticipated to replace rolling bearings in wind turbines, is estimated to be around 11.5 billion yuan under a scenario of 125 GW new installations [3]

Group 1 - The company has approved the use of idle raised funds for cash management, with a limit of up to RMB 880 million, ensuring that fundraising projects are implemented as planned [1] - The funds will be invested in safe and liquid principal-protected products such as structured deposits and large certificates of deposit, in compliance with regulatory requirements [1] - The investment period is valid for 12 months from the date of board approval, allowing for rolling use of funds within this limit [1] Group 2 - As of the announcement date, the company has redeemed principal-protected products purchased with idle raised funds, returning both the principal and investment income to the fundraising account [2] - The redeemed products included structured deposits with a total subscription amount of RMB 50 million, yielding a total income of RMB 106,800 [2]

证券代码：603062 证券简称：麦加芯彩 公告编号：2025-036 特此公告。 在确保募集资金项目按计划实施的前提下，公司及子公司拟使用额度不 超过人民币8.8亿元（含本数）的闲置募集资金进行现金管理，采取长短期结 合的方式，购买符合《上市公司监管指引第2号——上市公司募集资金管理和 使用的监管要求（2022年修订）》第八条规定的结构性存款、大额存单等安全 性高、流动性好的保本型产品。使用期限自公司本次董事会审议通过之日起12 个月内有效。在上述额度和期限内，资金可循环滚动使用。产品期限不得长于 内部决策授权使用期限，且不得长于12个月。 截至本公告披露日，公司使用部分闲置募集资金购买的保本型产品已赎 回，募集资金本金及理财收益已归还至募集资金账户，具体情况如下： 麦加芯彩新材料科技（上海）股份有限公司 关于使用部分闲置募集资金进行现金管理赎回的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈 述或者重大遗漏，并对其内容的真实性、准确性和完整性依法承担法律责任。 麦加芯彩新材料科技（上海）股份有限公司（以下简称"公司"）于 2024年10月25日召开第二届董事会第八次会议、第二届监事 ...

瑞银证券有限责任公司 关于麦加芯彩新材料科技（上海）股份有限公司 差异化权益分派事项的核查意见 瑞银证券有限责任公司（以下简称"瑞银证券"或"保荐机构"）作为麦加芯彩 新材料科技（上海）股份有限公司（以下简称"麦加芯彩"或"公司"）首次公开发 行股票并在上海证券交易所主板上市的保荐机构和持续督导机构，根据《证券发 行上市保荐业务管理办法》《上海证券交易所股票上市规则》《上市公司股份回 购规则》《上海证券交易所上市公司自律监管指引第 1 号—规范运作》《上海证 券交易所上市公司自律监管指南第 2 号—业务办理》《上海证券交易所上市公司 自律监管指引第 7 号—回购股份》《上海证券交易所上市公司自律监管指引第 派事项进行了审慎核查，并出具核查意见如下： 一、本次差异化权益分派的原因 公司于 2024 年 6 月 7 日召开了第二届董事会第四次会议，审议通过了《关 于以集中竞价方式回购公司股份方案的议案》，同意公司以自有资金回购公司部 分股份。 公司于 2025 年 4 月 15 日召开 2024 年年度股东大会，审议通过了《2024 年 年度利润分配方案》，同意公司以实施权益分派股权登记日登记的总股本为基数 分配 ...

证券代码：603062 证券简称：麦加芯彩 公告编号：2025-035 麦加芯彩新材料科技（上海）股份有限公司 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： ? 每股分配比例 A 股每股现金红利1.08元 ? 相关日期 股份类别 股权登记日 最后交易日 除权（息）日 现金红利发放日 Ａ股 2025/5/23 － 2025/5/26 2025/5/26 ? 差异化分红送转： 是 一、 通过分配方案的股东大会届次和日期 本次利润分配方案经公司2025 年 4 月 15 日的2024年年度股东大会审议通过。 二、 分配方案 （1）本次差异化分红方案 根据公司 2024 年年度股东大会审议通过的《2024 年年度利润分配方案》，公 司向全体股东（不含公司回购专户库存股）每股派发现金红利 1.08 元（含税）， 不送红股，不以资本公积转增股本。如在实施权益分派的股权登记日前因股份回 购等事项导致公司可参与分配股本发生变动的，维持每股分配金额不变，相应调 整分配总额。 公司本次以实施权益分派股权登记日的总股本 108,0 ...

公司于 2025 年 4 月 15 日召开 2024 年年度股东大会，审议通过了《2024 年 年度利润分配方案》，同意公司以实施权益分派股权登记日登记的总股本为基数 分配利润，向全体股东（不含公司回购专户库存股）每股派发现金红利 1.08 元 （含税），不送红股，不以资本公积转增股本。 一、本次差异化权益分派的原因 瑞银证券有限责任公司 关于麦加芯彩新材料科技（上海）股份有限公司 公司于 2024 年 6 月 7 日召开了第二届董事会第四次会议，审议通过了《关 于以集中竞价方式回购公司股份方案的议案》，同意公司以自有资金回购公司部 分股份。 差异化权益分派事项的核查意见 瑞银证券有限责任公司（以下简称"瑞银证券"或"保荐机构"）作为麦加芯彩 新材料科技（上海）股份有限公司（以下简称"麦加芯彩"或"公司"）首次公开发 行股票并在上海证券交易所主板上市的保荐机构和持续督导机构，根据《证券发 行上市保荐业务管理办法》《上海证券交易所股票上市规则》《上市公司股份回 购规则》《上海证券交易所上市公司自律监管指引第 1 号—规范运作》《上海证 券交易所上市公司自律监管指南第 2 号—业务办理》《上海证券交易所上市公司 ...

差异化分红送转： 是 一、 通过分配方案的股东大会届次和日期 本次利润分配方案经公司2025 年 4 月 15 日的2024年年度股东大会审议通过。 二、 分配方案 1. 发放年度：2024年年度 证券代码：603062 证券简称：麦加芯彩 公告编号：2025-035 麦加芯彩新材料科技（上海）股份有限公司 2024年年度权益分派实施公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： | 股份类别 | 股权登记日 | 最后交易日 | 除权（息）日 | 现金红利发放日 | | --- | --- | --- | --- | --- | | Ａ股 | 2025/5/23 | － | 2025/5/26 | 2025/5/26 | 2. 分派对象： 截至股权登记日下午上海证券交易所收市后，在中国证券登记结算有限责任 公司上海分公司（以下简称"中国结算上海分公司"）登记在册的本公司全体股东。 根据《上市公司股份回购规则》以及《上海证券交易所上市公司自律监管指 引第 7 号——回购股份》等法律法规的相关规定，公司回购专 ...

Investment Rating - The industry rating is "Recommended" [4] Core Views - The report highlights the potential for increased demand in the construction materials sector, driven by various factors including government projects and rising prices in carbon fiber [1][6] - The report emphasizes the importance of companies with strong operational resilience and high dividends, particularly in the consumer building materials segment [6] - The report suggests that domestic investment expectations are strengthening, with a focus on infrastructure and construction companies benefiting from increased demand [6][9] Summary by Sections Construction Materials - Beneficiaries include companies like Guangdong Hongda, Xuefeng Technology, and Guotai Group due to high demand in civil explosives and major projects like the Yarlung project entering the construction phase [1] - Carbon fiber price increases are noted, with companies such as Zhongfu Shenying and Jilin Chemical Fiber expected to benefit from emerging demand [1] - Companies with strong operational resilience and high dividends, such as Dongfang Yuhong and Weixing New Materials, are recommended for their potential to benefit from domestic consumption stimulus [1][6] Cement Market - The national average cement price is reported at 378.67 RMB/ton, with a decline of 1.1% week-on-week, particularly in regions like North China and East China [3][27] - Cement demand has shown slight recovery but remains 6-7% lower year-on-year, with supply pressures continuing to affect pricing [3][27] - Recommendations include leading cement companies like Conch Cement and Huaxin Cement, which are expected to benefit from domestic demand and industry self-discipline measures [6] Real Estate Market - The report indicates a short-term low overall market sentiment in the new and second-hand housing markets, with new housing transaction area down 12% year-on-year [2][22] - The report tracks transaction data across major cities, highlighting a mixed performance in the real estate sector [2][22] Emerging Opportunities - The report identifies opportunities in the domestic ship coating market, with companies like Maijia Xincai and Songji Co. expected to benefit from rising demand and domestic substitution trends [6][9] - The "Belt and Road" initiative is seen as a catalyst for international engineering projects, with companies like China State Construction and China Metallurgical Group recommended for potential benefits [6][9]

证券代码：603062 证券简称：麦加芯彩 公告编号：2025-034 麦加芯彩新材料科技（上海）股份有限公司 关于使用部分闲置募集资金进行现金管理赎回的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈 述或者重大遗漏，并对其内容的真实性、准确性和完整性依法承担法律责任。 重要内容提示： 麦加芯彩新材料科技（上海）股份有限公司（以下简称"公司"）于 2024年10月25日召开第二届董事会第八次会议、第二届监事会第七次会议，审 议通过了《关于使用部分闲置募集资金进行现金管理及以协定存款方式存放募 集资金余额的议案》。公司监事会和保荐机构瑞银证券有限责任公司（以下简 称"保荐机构"）对上述事项发表了明确的同意意见。 在确保募集资金项目按计划实施的前提下，公司及子公司拟使用额度不 超过人民币8.8亿元（含本数）的闲置募集资金进行现金管理，采取长短期结 合的方式，购买符合《上市公司监管指引第2号——上市公司募集资金管理和 使用的监管要求（2022年修订）》第八条规定的结构性存款、大额存单等安全 性高、流动性好的保本型产品。使用期限自公司本次董事会审议通过之日起12 个月内有效。在上述额度和期限内 ...