国泰君安证券股份有限公司 关于中复神鹰碳纤维股份有限公司 预计 2025 年度日常关联交易额度的专项核查意见 国泰君安证券股份有限公司(下称"国泰君安"或"保荐机构")作为中复 神鹰碳纤维股份有限公司(以下简称"中复神鹰"或"公司")持续督导工作的 保荐机构,根据《证券发行上市保荐业务管理办法》《科创板上市公司持续监管 办法(试行)》《上海证券交易所科创板股票上市规则》等相关规定,对中复神鹰 预计 2025 年度目常关联交易额度的事项进行了核查,具体情况如下: 一、日常关联交易基本情况 (一) 日常关联交易履行的审议程序 中复神鹰于 2025 年 3 月 24 日召开第二届董事会第九次会议、第二届监事 会第六次会议,分别审议通过了《预计公司 2025年度日常关联交易额度的议案》。 关联董事张健、陈雨、薛忠民、张斯纬、葛海涛对部分关联交易进行了回避表决。 出席会议的非关联董事一致同意该议案。 本议案尚需提交公司股东大会审议,关联股东将在股东大会上对该议案回避 表决。 本议案已经公司第二届董事会独立董事第三次专门会议审议通过。独立董事 一致认为:公司 2025年度预计发生的日常关联交易,系公司正常经营需要,遵 循 ...

2025 年使用闲置募集资金进行现金管理的核查意见 国泰君安证券股份有限公司 关于中复神鹰碳纤维股份有限公司 国泰君安证券股份有限公司(以下简称"国泰君安"或"保荐机构")作为 中复神鹰碳纤维股份有限公司(以下简称"中复神鹰"或"公司")首次公开发 行股票并在科创板上市的保荐机构,根据《上海证券交易所科创板股票上市规则》 《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》《上 海证券交易所科创板上市公司自律监管指引第 1 号 -- 规范运作》等法律法规和 规范性文件的要求,对中复神鹰使用闲置募集资金进行现金管理事项进行了审慎 核查,核查情况如下: 一、募集资金基本情况 根据中国证券监督管理委员会(以下简称"中国证监会")于2022年2月 22 目出具的《关于同意中复神鹰碳纤维股份有限公司首次公开发行股票注册的 批复》（证监许可〔2022〕337 号）,同意公司首次公开发行股票的注册申请。 公司首次公开发行人民币普通股(A 股)10.000 万股,发行价格为29.33 元/股, 募集资金总额为人民币 293,300.00 万元，扣除发行费用合计人民币 15,631.60 万元(不含税)后,实 ...

一、金融服务协议条款的完备性 国泰君安证券股份有限公司 公司于 2022 年 8 月 17 日召开了第一届董事会第十六次会议和第一届监事 会第八次会议,审议通过了《关于公司与中国建材集团财务有限公司签署<金融 服务协议>暨关联交易的议案》,拟与中国建材集团财务有限公司(以下简称"中 建材财务公司")签署《金融服务协议》。2022年９月２日,公司召开 2022 年 第四次临时股东大会审议通过了上述事项。 关于中复神鹰碳纤维股份有限公司金融服务协议 及相关风险控制措施执行情况的专项核查意见 国泰君安证券股份有限公司(下称"国泰君安"或"保荐机构")作为中复 神鹰碳纤维股份有限公司(以下简称"中复神鹰"或"公司")首次公开发行股票 并在科创板上市的保荐机构,根据《证券发行上市保荐业务管理办法》《上海证 券交易所科创板股票上市规则》等相关规定,对中复神鹰 2024年度金融服务协 议及相关风险控制措施执行情况进行了核查,具体情况如下: 《金融服务协议》主要条款内容如下: 甲方:中复神鹰碳纤维股份有限公司 乙方：中国建材集团财务有限公司 1、存款服务 (1)甲方在乙方开立存款账户,并本着存取自由的原则,将资金存入在乙 方 ...

中复神鹰碳纤维股份有限公司 2024 年度独立董事述职报告（杨平波） 本人作为中复神鹰碳纤维股份有限公司（以下简称"公司"）的独立董事， 在 2024 年度严格按照《公司法》《证券法》《上市公司独立董事管理办法》《上海 证券交易所科创板股票上市规则》等法律、法规、规范性文件要求，以及《公司 章程》《独立董事工作制度》《独立董事专门会议工作细则》等制度规定，本着对 全体股东负责的态度，忠实、勤勉地履行职责，积极出席公司股东大会、董事会 及其专门委员会相关会议以及独立董事专门会议，认真审议各项议案，充分发挥 独立董事的作用，维护公司和全体股东尤其是中小股东的合法权益。现将 2024 年度履职情况报告如下： 一、独立董事的基本情况 （一）个人工作履历、专业背景及兼职情况 杨平波，女，中国国籍，1966 年生，硕士。曾任湖南商学院会计系教授。现 任湖南工商大学会计学院教授，湖南梦洁家纺股份有限公司独立董事，湖南华菱 线缆股份有限公司独立董事。2020 年 11 月至今，任公司独立董事。 （二）独立性说明 作为公司的独立董事，本人及直系亲属、主要社会关系均不在公司或其附属 企业任职，且未在公司关联企业任职；没有为公司或 ...

二、前10名无限售条件股东持股情况 | 报告期指标 | 2024年年报 | 2023年年报 | 本年比上年增减(%) | 2022年年报 | | --- | --- | --- | --- | --- | | 基本每股收益（元） | -0.1400 | 0.3500 | -140 | 0.6900 | | 每股净资产（元） | 5.14 | 5.38 | -4.46 | 5.13 | | 每股公积金(元) | 3.03 | 3.03 | 0 | 3.03 | | 每股未分配利润(元) | 1.02 | 1.28 | -20.31 | 1.03 | | 每股经营现金流(元) | - | - | - | - | | 营业收入(亿元) | 15.57 | 22.59 | -31.08 | 19.95 | | 净利润(亿元) | -1.24 | 3.18 | -138.99 | 6.05 | | 净资产收益率(%) | -2.63 | 6.73 | -139.08 | 16.71 | 三、分红送配方案情况 数据四舍五入，查看更多财务数据>> 前十大流通股东累计持有： 6987.97万股，累计占流通股比： 48.3%， ...

中复神鹰: 中复神鹰碳纤维股份有限公司首次公开 发行部分限售股上市流通公告 证券代码：688295 证券简称：中复神鹰 公告编号：2025-008 中复神鹰碳纤维股份有限公司 首次公开发行部分限售股上市流通公告 本次上市流通的限售股形成至今，公司未发生因利润分配、公积金转增导致股 本数量变化的情况。 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： ? 本次股票上市类型为首发限售股份；股票认购方式为网下，上市股数为 本次股票上市流通总数为 456,950,160 股。限售期为自公司股票上市之日起 ? 本次股票上市流通日期为 2025 年 4 月 7 日。（因 2025 年 4 月 6 日为非交 易日，故顺延至下一交易日） 一、本次上市流通的限售股类型 根据中国证券监督管理委员会于 2022 年 2 月 22 日出具的《关于同意中复神 鹰碳纤维股份有限公司首次公开发行股票注册的批复》（证监许可2022337 号）， 中复神鹰碳纤维股份有限公司（以下简称"公司"或"中复神鹰"）获准向社会公 众公开发行人民币普通股 ...

UHMWPE制造商南山智尚表示，在战略聚焦层面，南山智尚锁定超高分子量聚乙烯纤维与锦纶纤维新 材料作为破局点，构建"技术壁垒+场景深耕"的竞争护城河，立足打破国外垄断。面向未来，公司着力 构建"1+2+N"新材料产业生态，逐步形成以超高分子量聚乙烯纤维为核心的战略支柱，锦纶纤维提供增 长引擎，其他新材料纤维成为前沿方向的发展格局，持续提升新材料业务发展动能，打造"第二成长曲 线"，构建公司成为全球化新材料一站式平台企业 除了南山智尚，其他新材料纤维企业也在深海经济领域有所布局。中复神鹰、江苏恒神等碳纤维企业产 品也被用于深海装备的关键部件，这些新材料的应用，不仅提高了深海装备的性能，也推动了深海经济 的可持续发展。 MACD金叉信号形成，这些股涨势不错！ 深海经济蓬勃兴起，新材料纤维迎来发展关键期 深海经济作为海洋经济的重要组成部分，正迎来前所未有的发展机遇。2024年我国海洋经济总量首次突 破10万亿元，占GDP的7.8%，其中深海经济在海洋油气开发、矿产资源开采、生物资源开发等领域展 现出巨大潜力。政策层面，2025年政府工作报告首次明确将深海科技纳入新兴产业规划，推动其安全健 康发展。上海市海洋局等地方 ...

Investment Rating - The report maintains an "Accumulate" rating for the military industry [3] Core Insights - The military materials sector is expected to see demand recovery in 2025, driven by the release of pent-up demand and the completion of significant projects [11][12] - The report highlights the development of advanced ceramic matrix composites, which offer superior high-temperature resistance and weight reduction compared to traditional high-temperature alloys, making them ideal for aerospace applications [2][31] - The application of 3D printing technology is expanding in both military and civilian sectors, enhancing product performance and reducing costs [6][34] Summary by Sections Important Events and Announcements - The Sichuan Provincial Science and Technology Department plans to establish a technology innovation center for ceramic matrix composites, indicating a focus on advanced materials development [25] - OPPO's launch of the Find N5 smartphone, utilizing 3D printed titanium alloy components, showcases the integration of advanced manufacturing techniques in consumer electronics [26][32] Military Materials Industry Analysis - The military materials index outperformed the broader military industry index by 1.05 percentage points in February, indicating positive market sentiment [8][37] - The report notes that 2024 will be a challenging year for military materials companies, with a mixed performance in earnings forecasts [9][11] - The demand for high-end materials such as titanium alloys, carbon fibers, and high-temperature alloys is projected to grow significantly by 2028, with market sizes expected to exceed 200 billion, 300 billion, and 400 billion respectively [42][44] Capital Market Status - The military materials sector is experiencing a recovery phase, with a notable increase in orders and production capacity as companies adapt to market demands [11][12] - The report suggests that companies should focus on diversifying their supply chains and reducing reliance on single-source suppliers to mitigate risks [13][46] Investment Recommendations - The report recommends focusing on companies such as Guangwei Composite, Zhongfu Shenying, and Jialiqi in the carbon fiber sector, as well as Feishun Special Steel and Steel Research High-tech in the high-temperature alloy sector [20][48]

Investment Rating - The report maintains an "Overweight" rating for the defense materials industry [3] Core Insights - The defense materials sector is expected to see a recovery in demand in 2025, driven by the release of pent-up demand and significant orders in high-certainty areas like aerospace and defense [11][12] - The report highlights the importance of advanced materials such as ceramic matrix composites and titanium alloys, which are crucial for enhancing the performance of military equipment [30][31] - The application of 3D printing technology is expanding in both military and civilian sectors, leading to innovations in product design and manufacturing efficiency [6][34] Summary by Sections Industry Analysis - The report discusses the establishment of a ceramic matrix composite technology innovation center in Sichuan, which aims to accelerate the development of advanced materials for aerospace applications [2][30] - The demand for ceramic matrix composites is projected to increase due to their superior high-temperature resistance and lightweight properties, which can reduce component weight by 30% to 50% compared to high-temperature alloys [31] Market Performance - In February, the Zhonghang Securities defense materials index increased by 4.72%, outperforming the Shenwan defense index by 1.05 percentage points [8][37] - The report notes that 2024 is expected to be a challenging year for defense materials companies, with 10 out of 23 companies reporting profit growth while 13 experienced declines [9] Investment Logic - The report emphasizes the potential for recovery in the defense materials sector in 2025, as the industry is expected to benefit from increased military spending and the release of accumulated orders [11][12] - It suggests that companies focusing on high-temperature alloys, titanium alloys, and composite materials should be closely monitored for investment opportunities [20][48] Recommendations - The report recommends focusing on companies such as Guangwei Composite, Zhongfu Shenying, and Jialiqi in the carbon fiber composite sector; Fushun Special Steel and Gangyan High-tech in high-temperature alloys; and Xibu Superconductor and Baotai in titanium alloys [20][48]

Investment Rating - The report gives a "Buy" rating for the company, indicating a positive outlook for its future performance [4]. Core Views - The company is positioned as a leading domestic high-end carbon fiber manufacturer, expected to benefit from a new order cycle in the aerospace sector [3]. - The company has overcome capacity bottlenecks, marking a new growth inflection point with high-value products starting to ramp up production [3]. - The demand for carbon fiber is anticipated to grow significantly in military applications, driven by new aircraft iterations, military trade growth, and increased use in drones [4]. Summary by Relevant Sections Investment Rating - The company is rated as "Buy" based on its strong fundamentals and growth potential [4]. Core Logic - The company is a leader in high-end carbon fiber for aerospace, with products like the ZT7, ZT8, and ZT9 series showing strong demand, particularly the high-value ZT9 series [3]. - The company expects a net profit of 317 to 370 million yuan in 2024, with a significant year-on-year growth of approximately 95% to 215% in Q4 [3]. - The company has resolved previous capacity constraints, allowing for a broader customer base and diverse application scenarios [3]. - The military sector is seeing increased demand due to new aircraft models and military exports, with drones also contributing to carbon fiber demand [4]. Production Capacity and Growth - The company has completed the construction of its third production line, which will increase total capacity to around 1,000 tons [3]. - The company is now able to customize production based on different customer needs, enhancing its market position [3]. - The company has entered small-scale supply for the ZT8 series, addressing previous customer concentration issues [3]. Market Demand - The demand for carbon fiber in military applications is expected to rise, with new aircraft models and military trade orders driving growth [4]. - The C919 aircraft is projected to require significant amounts of carbon fiber, with a market space estimated at around 5.5 billion yuan [4]. - The global eVTOL market is anticipated to exceed 10 billion yuan, with the company positioned to benefit from this growth [4]. Financial Projections - Revenue projections for 2024-2026 are estimated at 749 million, 984 million, and 1.276 billion yuan, with net profits of 353 million, 501 million, and 657 million yuan respectively, reflecting growth rates of 21.9%, 42.0%, and 31.1% [4].