东兴证券股份有限公司 （以下无正文） 二、本次培训内容 保荐代表人向被培训人员展示了培训课件，就《上市公司募集资金监管规则》 和监管案例，实际控制人、控股股东、董事、高级管理人员的行为规范，上市公 司应重点关注的重大规范事项等方面进行了重点培训。 三、培训结论 关于富岭科技股份有限公司 本次培训得到了公司的积极配合，全体培训人员均进行了认真深入学习，通 过本次培训，被培训人员加强了对上市公司募集资金使用、主板上市公司规范运 作、上市公司实际控制人、董事和高级管理人员的行为规范的认识，对相关规定 有了更加深刻的理解，本次培训达到了预期目标，取得了较好的效果。 2025 年度持续督导现场培训报告 东兴证券股份有限公司（以下简称"保荐机构"或"东兴证券"）作为富岭 科技股份有限公司（以下简称"富岭股份"或"公司"）首次公开发行股票并在 主板上市的保荐机构，根据《证券发行上市保荐业务管理办法》《深圳证券交易 所创业板股票上市规则》《深圳证券交易所上市公司自律监管指引第 1 号——主 板上市公司规范运作》和《深圳证券交易所上市公司自律监管指引第 13 号—— 保荐业务》等有关规定的要求，对富岭股份相关人员进行了 202 ...

东兴证券股份有限公司 关于富岭科技股份有限公司 2025 年度现场检查报告 | 保荐机构名称：东兴证券股份有限公司 被保荐公司简称：富岭股份 | | --- | | 保荐代表人姓名：胡杰畏 联系电话：010-66555253 | | 保荐代表人姓名：朱海洲 联系电话：010-66555253 | | 现场检查人员姓名：胡杰畏 | | 年度 现场检查对应期间：2025 | | 现场检查时间：2026 年 1 月 5 日至 7 日 | | 一、现场检查事项 现场检查意见 | | （一）公司治理 是 否 不适用 | | 现场检查手段：查阅公司章程和现行内部控制制度、治理规则等文件，检查公司三会会议文件、董 | | 事会专业委员会文件；核查公司是否存在同业竞争和影响独立性等情形，查阅公司相关公告及定期 | | 报告等。 | | 1.公司章程和公司治理制度是否完备、合规 √ | | 2.公司章程和三会规则是否得到有效执行 √ | | 3.三会会议记录是否完整，时间、地点、出席人员及会议内容等 √ | | 要件是否齐备，会议资料是否保存完整 | | 4.三会会议决议是否由出席会议的相关人员签名确认 √ | | 5.公司董 ...

2025年三季度，公司实现营业收入15.09亿元，归属于上市公司股东的净利润7769万元，公司核心业务 保持稳定。截至2025年9月末，公司总资产达24.99亿元，归属于上市公司股东的净资产20.41亿元，较上 年末增长54.04%。 在政策红利持续释放、行业需求快速增长的双重驱动下，富岭股份凭借全场景产品覆盖、核心技术优 势、全球化产能布局及稳健的财务状况，有望持续扩大市场份额，充分享受产业发展红利。 近日，商务部等9部门联合发布《关于实施绿色消费推进行动的通知》，从绿色产品供给、绿色服务消 费、绿色消费模式等多维度发力，明确提出推广可降解产品、减少一次性塑料制品使用等重点任务，为 塑料替代产业带来明确政策导向与广阔市场空间。与此同时，政策还配套了金融支持措施，鼓励金融机 构与商贸流通企业合作拓宽绿色消费贷款应用场景，为相关企业的产能扩张、技术研发提供资金保障， 进一步激活产业发展活力。 随着居民环保意识提升与政策执行力度加大，可降解餐饮具作为一次性塑料制品的核心替代品，市场需 求持续扩容。作为国内领先的塑料餐饮具制造企业、国家级制造业单项冠军示范企业，富岭股份深耕行 业多年，已构建起全面的产品矩阵，其生产 ...

Core Viewpoint - Ningbo Changya New Materials Technology Co., Ltd. (Changya Co.) is attempting to re-enter the capital market with a new IPO application after previously withdrawing its application in 2024, facing significant industry changes and survival challenges [1][19]. Company Overview - Changya Co. was established on January 14, 2013, and is primarily engaged in the production of disposable food containers, including straws and boxes [2]. - The company is controlled by Ningbo Changya Asset Holding Co., which holds 49.54% of its shares [2]. - The company previously submitted an IPO application to the Shenzhen Stock Exchange in June 2023 but withdrew it in May 2024 due to changes in market conditions and operational circumstances [2]. Founder Background - The founder, Xu Jianhai, is a 70s engineer who started the company after selling his house for over 1 million yuan, initially producing plastic bags and films before pivoting to straws targeting the European and American markets [3][4][7]. Market Position and Clientele - Changya Co. has established a strong presence in the overseas market, with major clients including KFC, Burger King, and Walmart, contributing significantly to its revenue [7][9]. - From 2020 to 2022, the company's revenue grew from 512 million yuan to 919 million yuan, nearly doubling in three years, with over 95% of sales coming from international markets, particularly the U.S. [10][12]. Financial Performance - The company's revenue figures for 2020, 2021, and 2022 were 512 million yuan, 623 million yuan, and 919 million yuan, respectively, while net profits fluctuated from 73 million yuan to 125 million yuan, with a notable drop in 2021 [10][12]. - The gross profit margins were 25.89%, 17.83%, and 21.22% for the same years, indicating volatility influenced by exchange rates and raw material costs [10][12]. Challenges and Industry Trends - Changya Co. faces challenges from rising raw material prices and exchange rate fluctuations, which directly impact its gross margins [12][14]. - The global trend towards "plastic restrictions" poses a significant threat, as the company heavily relies on plastic products, with over 90% of its revenue coming from plastic food containers [14][15]. - Competitors like Fuling and Jialian Technology are advancing in biodegradable products, which could further challenge Changya Co.'s market position [16][18]. Future Outlook - The company is attempting to capitalize on the current IPO window but must navigate a changing competitive landscape and increasing environmental regulations [19]. - Without a clear strategy for product diversification and adaptation to eco-friendly materials, Changya Co. may struggle to achieve higher valuations in the future [19].

富岭科技股份有限公司 关于为全资子公司提供担保进展情况的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整， 没有虚假记载、误导性陈述或重大遗漏。 一、担保情况概述 （一）担保进展情况 富岭科技股份有限公司（以下简称"公司"）于 2026 年 1 月 7 日与杭州银 行股份有限公司台州分行（以下简称"杭州银行台州分行"）签署了《开立对外 保函/备用信用证合同》及公司出具的《杭州银行跨境担保业务客户声明与承诺》。 杭州银行台州分行向杭州银行股份有限公司上海分行（自贸区）（以下简称"杭 州银行上海分行"）开立对外融资性保函，保函币种为人民币，保函金额为 10,000,000.00 元，为公司全资子公司获胜食品包装有限公司（以下简称"获胜包 装"）与杭州银行上海分行签订的《借款合同》提供担保，担保到期日为 2027 年 1 月 5 日，公司为上述开立保函事项提供担保。 （二）担保审议情况 公司于 2025 年 4 月 18 日及 2025 年 6 月 3 日分别召开了第二届董事会第七 次会议和 2024 年年度股东会，审议通过了《关于 2025 年度对外担保额度预计的 议案》，同意公司为获胜包装提供不超 ...

Core Viewpoint - Ningbo Changya New Materials Technology Co., Ltd. (Changya Co., Ltd.) has submitted an application for the first public offering of stocks and listing guidance, which was accepted by the Ningbo Securities Regulatory Bureau on December 29, 2025 [1]. Company Basic Information - Changya Co., Ltd. was established on January 14, 2013, with a registered capital of 111.34 million yuan. The legal representative is Xu Jianhai, and the company is located at 766 Dongsheng Road, Jiao Chuan Street, Zhenhai District, Ningbo, Zhejiang Province [2]. - The controlling shareholder is Ningbo Changya Asset Holding Co., Ltd., which directly holds 49.54% of the shares [2]. - The company specializes in the research, production, and sales of plastic dining utensils, biodegradable dining utensils, and paper dining utensils, primarily producing paper and PLA disposable tableware [4]. IPO Application Progress - Changya Co., Ltd. previously submitted an IPO application to the Shenzhen Stock Exchange in June 2023. However, in May 2024, the company decided to withdraw the application due to changes in the capital market environment and its operational situation, leading to the termination of the project in June 2024 [3][4]. Financial Performance - The company's revenue for the years 2020, 2021, 2022, and the first nine months of 2023 were 512.15 million yuan, 623.03 million yuan, 918.64 million yuan, and 536.39 million yuan, respectively. The net profit attributable to the parent company for the same periods was 73.04 million yuan, 53.49 million yuan, 124.67 million yuan, and 72.07 million yuan [6]. - The total assets as of September 30, 2023, were 1,013.60 million yuan, with equity attributable to the parent company at 607.29 million yuan. The asset-liability ratio was 42.50% [7]. Client Base - The main customer groups include chain supermarkets, disposable material suppliers, and distributors of food packaging products. Notable clients include Dollar General, KFC, Burger King, Panda Express, and others [8][10]. - The company's products are primarily exported, with overseas sales accounting for 95.80%, 95.96%, 98.25%, and 96.95% of the main business revenue in the respective years [11].

关于为全资子公司提供担保进展情况的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整， 没有虚假记载、误导性陈述或重大遗漏。 证券代码：001356 证券简称：富岭股份 公告编号：2026-001 富岭科技股份有限公司 二、被担保人基本情况 （一）基本情况 一、担保情况概述 （一）担保进展情况 富岭科技股份有限公司（以下简称"公司"）于 2025 年 12 月 31 日与杭州 银行股份有限公司台州分行（以下简称"杭州银行台州分行"）签署了《开立对 外保函/备用信用证合同》及公司出具的《杭州银行跨境担保业务客户声明与承 诺》。杭州银行台州分行向杭州银行股份有限公司上海分行（自贸区）（以下简 称"杭州银行上海分行"）开立对外融资性保函，保函币种为人民币，保函金额 为 10,430,000.00 元，为公司全资子公司获胜食品包装有限公司（以下简称"获 胜包装"）与杭州银行上海分行签订的《借款合同》（以下简称"主合同"）提 供担保，担保到期日为 2026 年 6 月 29 日，公司为上述开立保函事项提供担保。 （二）担保审议情况 公司于 2025 年 4 月 18 日及 2025 年 6 月 3 日分别召 ...

Core Viewpoint - Ningbo Changya New Materials Technology Co., Ltd. has submitted an application for the first public offering of stocks and listing, which has been accepted by the Ningbo Securities Regulatory Bureau on December 29, 2025 [1][2]. Company Overview - Established on January 14, 2013, the company has a registered capital of 111.34 million yuan and is located in Ningbo, Zhejiang Province [3]. - The controlling shareholder is Ningbo Changya Asset Holding Co., Ltd., which holds 49.54% of the shares [3]. - The company specializes in the research, production, and sales of plastic dining utensils, biodegradable dining utensils, and paper dining utensils [7]. IPO History - The company previously submitted an IPO application to the Shenzhen Stock Exchange in June 2023 but decided to withdraw the application in May 2024 due to changes in market conditions and company operations, leading to the termination of the project in June 2024 [5][6]. Financial Performance - The company's revenue for the years 2020, 2021, 2022, and the first nine months of 2023 were 512.15 million yuan, 623.03 million yuan, 918.64 million yuan, and 536.39 million yuan, respectively [8]. - The net profit attributable to the parent company for the same periods was 73.04 million yuan, 53.49 million yuan, 124.67 million yuan, and 72.07 million yuan [8]. - The total assets as of September 30, 2023, were 1.01 billion yuan, with a debt-to-asset ratio of 42.50% [9]. Investment Projects - The previous IPO fundraising projects included the construction of biodegradable new material products and high-end plastic products, a paper product expansion project in Vietnam, and an R&D center upgrade project, with a total fundraising target of 723 million yuan [8]. Client Base - The company's main customers include major chain supermarkets and food packaging distributors, with notable clients such as Dollar General, KFC, and Burger King [10]. - The company has a strong export focus, with overseas sales accounting for approximately 96.95% of its main business revenue in recent periods, primarily targeting the U.S. market [12].

Core Viewpoint - The consumer goods capital market in 2025 is not only bustling with brand owners but also increasingly featuring service providers, referred to as "shovel sellers," who support major consumer brands. Jiangtian Technology, a label printing company, has successfully listed on the Beijing Stock Exchange, reflecting this trend [1]. Company Overview - Jiangtian Technology, established in 1992, transitioned from a small local factory to a significant player in the label printing industry under the leadership of the second generation, who brought international supply chain management experience [2]. - The company has been recognized as one of the top 50 brands in China's label printing industry for four consecutive years from 2022 to 2025, ranking among the top five in both daily chemical and food and beverage label categories [2]. Financial Performance - Jiangtian Technology's revenue grew from 384 million yuan in 2022 to 538 million yuan in 2024, with a net profit increase from 74.45 million yuan to 102 million yuan, reflecting compound annual growth rates of 20.95% and 25.46% respectively [4]. - For the first three quarters of 2025, the company reported a revenue increase of 10.85% year-on-year to 468 million yuan and a net profit increase of 11.45% to 89.11 million yuan [4]. Market Position and Client Dependency - The company heavily relies on its main business segments, with film labels contributing over 79% of revenue in 2024, indicating a high concentration in its revenue sources [6]. - Jiangtian Technology's sales to its largest client, Nongfu Spring, accounted for 42.02% of total revenue in the first half of 2025, highlighting a significant dependency on a few major clients [8][9]. Growth Projections - The company anticipates full-year revenue for 2025 to reach between 604 million and 624 million yuan, representing a year-on-year growth of 12.24% to 15.95% [5]. - The expected net profit, excluding one-time gains, is projected to be between 103 million and 112 million yuan, indicating a growth of 6.58% to 15.89% [5]. Industry Trends - The rise of "shovel sellers" in the consumer goods sector is attributed to the recovery of the consumption industry, particularly in the beverage sector, leading to increased demand for packaging and related services [11][13]. - The trend of companies like Jiangtian Technology going public reflects a broader movement in the industry, where suppliers are capitalizing on the growth of downstream brands [11][12]. Challenges Ahead - Despite strong performance, Jiangtian Technology faces risks related to raw material price fluctuations and a heavy reliance on major clients, which could impact profitability if market conditions change [10][14]. - The company has invested significantly in R&D, with a total of 76.68 million yuan over the past three years, indicating a commitment to innovation and competitiveness in the market [10].

Group 1 - The core point of the article highlights that 17 companies from Zhejiang have completed their IPOs this year, maintaining the same number as in 2024, with a total of 731 listed companies in the province, ranking second nationwide [1][6] - Among the 17 companies, there are 8 from the Shanghai and Shenzhen main boards, 4 from the ChiNext, 2 from the Sci-Tech Innovation Board, and 3 from the Beijing Stock Exchange [3][8] - The total funds raised by these companies amount to 13.164 billion yuan, with Zhongce Rubber leading by raising 4.066 billion yuan, making it the largest IPO of the year [3][8] Group 2 - The distribution of the 17 companies by region includes 4 from Hangzhou, 4 from Taizhou, 3 from Wenzhou, 2 from Ningbo, 2 from Quzhou, and 1 each from Jiaxing and Zhoushan [3][8] - The current total of 731 A-share listed companies in Zhejiang includes 231 from Hangzhou, 124 from Ningbo, 80 from Shaoxing, 72 from Taizhou, 66 from Jiaxing, and smaller numbers from other cities [10]