国金证券股份有限公司 关于济南圣泉集团股份有限公司 向不特定对象发行可转换公司债券 之 上市保荐书 保荐人（主承销商） （成都市青羊区东城根上街 95 号） 2026 年 2 月 济南圣泉集团股份有限公司 上市保荐书 声 明 本保荐机构及保荐代表人根据《中华人民共和国公司法》（以下简称"《公 司法》"）、《中华人民共和国证券法》（以下简称"《证券法》"）、《证券发行 上市保荐业务管理办法》（以下简称"《保荐管理办法》"）《上市公司证券发行 注册管理办法》（以下简称"《注册管理办法》"）、《上海证券交易所上市公司 证券发行上市审核规则》（以下简称"《上市规则》"）、《可转换公司债券管理 办法》等有关法律、行政法规和中国证券监督管理委员会的规定，诚实守信，勤 勉尽责，严格按照依法制订的业务规则、行业执业规范和道德准则出具本上市保 荐书，并保证所出具文件的真实性、准确性和完整性。 3-3-1 | 声 | 明 1 | | --- | --- | | 目 | 录 2 | | 第一节 | 发行人基本情况 4 | | | 一、发行人基本情况 4 | | | 二、发行人的主营业务 4 | | | 三、发行人核心技术 5 | ...

济南圣泉集团股份有限公司 证券代码：605589 证券简称：圣泉集团 公告编号：2026-005 近日，根据项目最新进展，公司会同相关中介机构对募集说明书 等文件相关内容以及《审核问询函》回复中的相关问题进行了相应的 修订和更新，具体内容详见公司于 2026 年 2 月 5 日在上交所网站 （www.sse.com.cn）披露的《关于济南圣泉集团股份有限公司向不特 定对象发行可转换公司债券申请文件的审核问询函之回复（豁免版）》 《济南圣泉集团股份有限公司向不特定对象发行可转换公司债券募 集说明书（修订稿）》等相关文件。 公司本次向不特定对象发行可转换公司债券事项尚需通过上交 所审核，并获得中国证券监督管理委员会（以下简称"中国证监会"） 作出同意注册的决定后方可实施，最终能否通过上交所审核，并获得 中国证监会同意注册的决定及其时间尚存在不确定性。公司将根据该 事项的进展情况，按照相关规定和要求及时履行信息披露义务，敬请 广大投资者注意投资风险。 特此公告。 济南圣泉集团股份有限公司 董事会 关于向不特定对象发行可转换公司债券申请文件 审核问询函回复及申请文件更新的提示性公告 本公司董事会及全体董事保证本公告内 ...

行 业 华福证券 电子 2026 年 02 月 02 日 行 业 投 资 策 略 截止到 2025Q3，三星 25Q1-Q3 全球智能手机出货量达到 6060 万 台，市场份额达 19%，保持全球第一；苹果 25Q3 出货量为 5650 万台， 同比上升 4%，市场份额位列第二；其次为小米/传音/vivo。据环球网 援引IDC 报告显示 2025年全球智能手机出货量预计将达到 12.4 亿部， 2024-2029 年 CAGR=1.5%，呈现温和增长。展望 2026 年，我们持续看 好手机结构化升级带来的创新需求，包括潜望式镜头成为安卓/苹果高 端手机标配带来渗透率持续提升。 研 究 电子行业 2026 年度策略报告：AI 与自主可控共 振 投资要点： 预计 2026 年手机行业温和复苏，看好结构创新带来增量需求 证 券 研 随着国产算力需求的不断增加，先进制程的产能需求也不断提升。 中芯国际、华虹公司、长鑫存储等企业的先进制程制造产能预计不断 增加。成熟制程工艺各个制造商各有千秋，特色工艺投资机会显现。 芯联集成、晶合集成、赛微电子各自特色领域优势显著。内生增长以 及外延并购提升半导体设备覆盖率。半导体制造 ...

Investment Rating - The industry investment rating is "Overweight" [2] Core Insights - The chemical sector is experiencing a dual drive of cyclical recovery and growth, with a focus on organic silicon, PTA, polyester filament, caprolactam, spandex, vitamins, sweeteners, refrigerants, and phosphorus chemicals [5][6] - The organic silicon industry is entering a recovery phase, with new applications becoming the core growth engine. From 2019 to 2024, domestic DMC capacity is rapidly expanding, leading to temporary oversupply and continuous price declines. However, by 2025, no new capacity is expected, and demand from emerging sectors like new energy vehicles and photovoltaics is maintaining high growth [5][6] - The PTA and polyester filament industry is moving towards a new prosperity cycle as the capacity expansion phase is nearing its end, with new capacity mainly concentrated in leading enterprises [6] - The refrigerant market is entering a high prosperity cycle due to quota policies and stable demand growth from the heat pump and cold chain markets [7] - The synthetic biology sector is expected to see explosive demand growth as fossil-based materials face disruptive challenges, with a focus on energy-efficient products [8] - OLED technology is accelerating its penetration into larger displays, supported by government policies promoting the new display industry [9] - The demand for electronic chemicals is increasing due to the rapid development of the semiconductor industry, particularly in China, where the market is heavily reliant on imports [11] Summary by Sections Industry Performance - The chemical sector's overall performance ranked 12th with a decline of 0.86% during the week of January 26 to January 30, 2026 [20] - The top three performing sectors were oil and petrochemicals (7.95%), communications (5.83%), and coal (3.68%) [20] Key Industry Dynamics - The Ministry of Ecology and Environment is promoting the mercury-free transformation of the PVC industry, focusing on the development of mercury-free catalysts [36] - Recent geopolitical tensions in the Middle East have led to increased oil prices, with WTI crude averaging $61.33 per barrel, up 2.39% from the previous week [36]

Investment Rating - The report assigns a rating of "Accumulate" for the company [5][12]. Core Views - The company is a leading domestic producer of wood-based activated carbon and is expanding its business into the Americas [2][20]. - The company has a robust production capacity, with annual production and sales scaling from 500 tons at inception to over 140,000 tons currently, maintaining the top position in the industry for several consecutive years [20]. - The company is actively pursuing a project to build a production line for 2,000 tons of porous carbon, which is expected to become a new growth driver [12][20]. - The acquisition of a 49% stake in Clarimex from Norit for $25.56 million is aimed at establishing a foothold in the American market, further solidifying the company's global market position [12][20]. Financial Summary - The projected total revenue for 2023 is 2,015 million yuan, with a forecasted growth to 2,346 million yuan by 2027, reflecting a compound annual growth rate (CAGR) of approximately 9.9% [4][13]. - The net profit attributable to the parent company is expected to increase from 237 million yuan in 2023 to 317 million yuan in 2027, with a notable increase of 19.9% in 2024 [4][13]. - The earnings per share (EPS) are projected to be 0.65 yuan in 2023, increasing to 0.87 yuan by 2027 [4][18]. Target Price - The target price for the company's stock is set at 19.20 yuan, based on a valuation of 24 times the expected earnings for 2026, which corresponds to a price-to-book (PB) ratio of 1.87 [5][18]. Industry Position - The company is recognized as the largest and most comprehensive producer of wood-based activated carbon in China, with a well-established production and sales network across key timber regions [20][21]. - The company has a diverse product range, including over a hundred specifications of activated carbon products, catering to various industries such as food, pharmaceuticals, and environmental protection [22][23]. - The company has a strong focus on innovation, holding numerous patents and being recognized as a national high-tech enterprise, which enhances its competitive edge in the market [21][22].

作为济南制造业优秀代表，圣泉集团已成长为全球领先的生物制造和先进材料解决方案供应商，在电子新材料、航天航空等领域筑牢优势，其 打造的"球形树脂+生物质→多孔碳→高性能电池负极"产业链正积极建设千吨级的规模化生产装置。产品已被多家头部电芯厂认证认可并在3C电池 端得到广泛应用，在先进储能、新能源车辆等电池端加速研发。 依托企业发展实践，李枝芳聚焦产业发展提出建议，在要素保障方面，针对硅碳负极产业发展面临的硅烷气运输成本高、电力成本劣势等问 题，建议统筹优化电力成本等要素配置，补齐产业链短板，构建竞争优势。 鲁网1月30日讯（首席记者 李秀娟）在2026年山东两会期间，山东省人大代表，济南圣泉集团特种树脂事业部总经理、酚醛事业部总工程师李 枝芳立足山东制造业发展实际，结合企业深耕先进材料领域近40年的实践经验，提出多项针对性建议，为我省培育新质生产力、推动制造业从大到 强跨越献计献策。 在集群培育方面，建议大力推进以产业引导基金为核心的招商引智活动，成立专班，积极引进上下游配套企业、行业顶级专家创业公司、国家 级科研成果转化平台，打造"科技创新＋资本赋能"创新示范基地，孵化生物制造、先进材料等产业集群，实现规模化 ...

Core Viewpoint - Shengquan Group experienced a stock decline of 3.64% on January 29, with a trading volume of 582 million yuan, indicating market volatility and investor sentiment towards the company [1]. Financing Summary - On January 29, Shengquan Group had a financing buy-in amount of 89.998 million yuan and a financing repayment of 73.4999 million yuan, resulting in a net financing buy of 16.4981 million yuan [1]. - The total financing and securities balance for Shengquan Group reached 1.005 billion yuan, with the financing balance accounting for 4.00% of the circulating market value, which is above the 70th percentile of the past year [1]. - The company had a low short-selling balance of 3.3895 million yuan, with a short-selling volume of 11.42 thousand shares, indicating a lower level of short interest compared to the past year [1]. Business Performance - As of September 30, the number of shareholders for Shengquan Group increased by 15.57% to 31,100, while the average circulating shares per person decreased by 13.47% to 25,135 shares [2]. - For the period from January to September 2025, Shengquan Group reported a revenue of 8.072 billion yuan, reflecting a year-on-year growth of 12.87%, and a net profit attributable to shareholders of 760 million yuan, which is a 30.81% increase year-on-year [2]. Dividend and Shareholder Information - Since its A-share listing, Shengquan Group has distributed a total of 1.29 billion yuan in dividends, with 942 million yuan distributed over the past three years [3]. - As of September 30, 2025, the second-largest circulating shareholder is Hong Kong Central Clearing Limited, holding 34.131 million shares, an increase of 27.1574 million shares from the previous period [3]. - New institutional shareholders include Penghua CSI Subdivision Chemical Industry Theme ETF Link A, holding 10.1658 million shares, while Southern CSI 500 ETF reduced its holdings by 200,000 shares [3].

证券代码：605589 证券简称：圣泉集团 公告编号：2026-002 济南圣泉集团股份有限公司 第十届董事会第十次会议决议公告 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。 一、董事会会议召开情况 济南圣泉集团股份有限公司（以下简称"公司"）第十届董事会第十次会议（以下简称"本次会议"）于 2026年1月27日以现场结合通讯方式在公司会议室召开。本次会议的通知于2026年1月23日以电话、电子 邮件等方式向各位董事发出。本次董事会应参加表决的董事7名，实际参加表决的董事7名。会议由董事 长唐一林先生主持，公司高级管理人员列席了本次会议。本次会议的召集、召开符合《中华人民共和国 公司法》（以下简称"《公司法》"）及《济南圣泉集团股份有限公司章程》的有关规定，会议决议合法 有效。 二、董事会会议审议情况 1、审议通过《关于变更注册资本并修订〈公司章程〉的议案》 同意变更注册资本并对《济南圣泉集团股份有限公司章程》修订如下： ■ 表决结果：7票同意，0票反对，0票弃权。 2、审议通过《关于聘任袁永先生为公司副总裁的议案》 表决结 ...

（文章来源：证券日报） 证券日报网讯 1月27日，圣泉集团发布公告称，公司第十届董事会第十次会议审议通过，聘任袁永先 生、赵欢欢先生为公司副总裁，任期自本次会议审议通过之日起至第十届董事会届满。 ...

济南圣泉集团股份有限公司 1 Jinan Shengquan Group Share-holding Co.,Ltd. | | | 章 程 中国·济南 （2026 年 1 月） 第一章 总则 第一条 为维护公司、股东和债权人的合法权益，规范公司的组织和行为， 根据《中华人民共和国公司法（2023 年修订）》（以下简称《公司法》）、《中 华人民共和国证券法》（以下简称《"证券法"》）、《上市公司章程指引》（2025 年修订）《交易所交易所股票上市规则》（2025 年 4 月修订）（以下简称"上 市规则"）、《上海证券交易所上市公司自律监管指引第 1 号——规范运作》和 其他有关规定，制订本章程。 第二条 公司系依照《股份公司规范意见》和其他有关规定成立的股份有限 公司。 公司是经章丘市经济体制改革委员会章体改股字[1993]6 号文和济南市体 制改革委员会济体改股字[1993]56 号文件批准，在济南市圣泉化工实业总公司 整体改制基础上以募集方式设立的股份有限公司,济南市圣泉化工实业总公司以 经评估的全部净资产折为法人股投入股份公司，向内部职工发行内部职工股。公 司于 1994 年 1 月 24 日在章丘市工商 ...