证券代码：603276 证券简称：恒兴新材 公告编号：2025-092 江苏恒兴新材料科技股份有限公司 第二届董事会第二十九次会议决议公告 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 江苏恒兴新材料科技股份有限公司（以下简称"公司"）第二届董事会第二 十九次会议于 2025 年 12 月 5 日以现场结合通讯方式召开。会议通知已于 2025 年 12 月 1 日通过书面文件的方式送达各位董事。本次会议应参加表决的董事 7 人，实际参加表决的董事 7 人。 会议由董事长张千先生主持。本次会议的召集、召开和表决程序符合有关法 律、法规、规范性文件和《江苏恒兴新材料科技股份有限公司章程》（以下简称 "《公司章程》"）的规定。 二、董事会会议审议情况 经各位董事认真审议，会议形成了如下决议： （一）审议通过《关于修订和制定部分公司治理制度的议案》 表决结果：7 票同意；0 票反对；0 票弃权。 1.02、《关于修订<董事会薪酬与考核委员会工作细则>的议案》 1 表决结果：7 票同意；0 票反对；0 票弃权。 ...

Core Viewpoint - Hengxing New Materials reported that as of November 30, 2025, the number of its shareholders is 12,280 [2] Summary by Category - **Company Information** - Hengxing New Materials has a total of 12,280 shareholders as of the specified date [2] - **Investor Communication** - The company provided this information in response to inquiries from investors on an interactive platform [2]

证券代码：603276 证券简称：恒兴新材 公告编号：2025-091 江苏恒兴新材料科技股份有限公司 关于部分募集资金投资项目部分产线延期的公告 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、准确性和完整性承担法律责任。 重要内容提示： ● 江苏恒兴新材料科技股份有限公司（以下简称"公司"）本次涉及调整的 募投项目为"山东衡兴二期工程（8.45 万吨）"。根据项目实际建设进度和公司 生产经营规划，公司拟将该募投项目中部分产线建设完成期限延长至 2026 年 6 月。 公司于 2025 年 11 月 28 日召开第二届董事会第二十八次会议，审议通过了 《关于部分募集资金投资项目部分产线延期的议案》，保荐人国泰海通证券股份 有限公司（以下简称"保荐人"）发表了明确同意的核查意见，具体情况公告如 下： 一、募集资金基本情况 经中国证券监督管理委员会出具的《关于同意江苏恒兴新材料科技股份有限 公司首次公开发行股票注册的批复》（证监许可[2023]1518 号），公司于 2023 年 9 月 14 日首次公开发行人民币普通股（A 股）4,000.00 万股，发行 ...

为规范公司募集资金管理，保护投资者权益，公司已与保荐人、募集资金专 户开户银行签署了《募集资金三方监管协议》和《募集资金四方监管协议》，开 设了募集资金专项账户，对募集资金实行专户存储。上述全部募集资金已按规定 存放于公司募集资金专户。 国泰海通证券股份有限公司 关于江苏恒兴新材料科技股份有限公司 部分募投项目部分产线延期的核查意见 国泰海通证券股份有限公司（以下简称"国泰海通"或"保荐人"）作为江 苏恒兴新材料科技股份有限公司（以下简称"恒兴新材"或"公司"）首次公开 发行股票并在主板上市的保荐人，根据《证券发行上市保荐业务管理办法》《上 市公司募集资金监管规则》《上海证券交易所上市公司自律监管指引第 11 号—— 持续督导》《上海证券交易所上市公司自律监管指引第 1 号——规范运作》等有 关法律法规和规范性文件的要求，对公司部分募投项目的部分产线延期事项进行 了核查，并出具如下核查意见： 一、募集资金基本情况 经中国证券监督管理委员会出具的《关于同意江苏恒兴新材料科技股份有限 公司首次公开发行股票注册的批复》（证监许可[2023]1518 号），公司于 2023 年 9 月 14 日首次公开发行人民币普通 ...

Core Viewpoint - The company has announced an extension of the construction deadline for the 2-heptanone/methyl isobutyl ketone facility in the Shandong Hengxing Phase II project to June 2026 [1] Group 1 - The construction deadline for the 2-heptanone/methyl isobutyl ketone facility has been extended from its original timeline to June 2026 [1] - The decision was made during the 28th meeting of the second board of directors held on November 28, 2025 [1] - The sponsor, Guotai Junan Securities Co., Ltd., has provided a clear consent opinion regarding the extension [1]

MACD金叉信号形成，这些股涨势不错！ 从融资买入额占当日总成交金额比重来看，有4只个股融资买入额占比超30%。其中安凯客车、众鑫股 份、新风光融资买入额占成交额比重排名前三，分别为40.07%、39.25%、35.87%。 从融资净买入金额来看，有25只个股获融资净买入超亿元。其中，新易盛、光库科技、中兴通讯融资净 买入金额排名前三，分别获净买入5.13亿元、3.4亿元、3.33亿元。 格隆汇11月26日｜Wind数据显示，A股11月25日共有3736只个股获融资资金买入，有365股买入金额超 亿元。其中，中际旭创、新易盛、阳光电源融资买入金额排名前三，分别获买入38.42亿元、22.3亿元、 21.28亿元。 ...

Core Viewpoint - Jiangsu Hengxing New Materials Technology Co., Ltd. held a Q3 2025 performance briefing on November 25, 2025, to discuss its operational results and financial status with investors [2][3]. Group 1: Meeting Overview - The performance briefing was conducted online via the Shanghai Stock Exchange Roadshow Center, allowing for interactive communication with investors [2][3]. - Key executives, including the Chairman and General Manager, participated in the meeting to address investor inquiries regarding the company's performance and strategies [3]. Group 2: Investor Questions and Company Responses - The company aims to balance traditional business stability with new business growth by focusing on "stabilizing the main business and strengthening new business" to mitigate cyclical risks in downstream industries [4]. - In emerging fields like silicon-based new materials and synthetic biology, the company identifies its core competitive advantages as cost reduction through existing industrial synergies, a responsive R&D model, and a focus on niche markets to avoid homogenization [4]. - The company specializes in lithium battery electrolyte materials, with stable sales growth and increasing market share in the rapidly developing energy storage market [5]. - To achieve resource synergy and technical complementarity between new and old businesses, the company plans to share resources, promote technology reuse, and leverage existing customer networks [5]. - The discrepancy between net cash flow from operating activities and net profit in Q3 was attributed to increased accounts receivable and inventory levels due to sales growth, with measures in place to improve cash flow management [6]. - The company has a solid cash position and is open to acquisitions that align with its strategic focus on synergistic opportunities in high-value markets and emerging fields [6].

证券代码：603276 证券简称：恒兴新材 公告编号：2025-090 江苏恒兴新材料科技股份有限公司 关于 2025 年第三季度业绩说明会召开情况的公告 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、准确性和完整性承担法律责任。 重要内容提示： ● 江苏恒兴新材料科技股份有限公司（以下简称"公司"）于 2025 年 11 月 25 日（星期二）上午 10:00-11:00，通过上海证券交易所上证路演中心（网址： http://roadshow.sseinfo.com/）以网络互动方式召开了"江苏恒兴新材料科技股份 有限公司关于 2025 年第三季度业绩说明会"，就公司 2025 年第三季度经营成果、 财务状况等与广大投资者进行了互动交流和沟通。 一、本次业绩说明会的召开情况 公司于 2025 年 10 月 30 日通过上海证券交易所官网（http://www.sse.com.cn） 披露了《关于召开 2025 年第三季度业绩说明会的公告》（公告编号：2025-086）， 并 通 过 上 证 路 演 中 心 网 站 首 页 " 提 问 预 征 集 " 栏 ...

Investment Rating - The industry investment rating is "Outperform" (maintained) [1] Core Viewpoints - The trend of packaging companies going overseas has shifted from an optional strategy to a necessary one due to intensified competition in the domestic market and changes in the international trade environment. The motivations for going overseas include responding to customer needs and industry chain shifts, as well as profit-driven and green/smart transformation initiatives. Key regions for expansion include Southeast Asia and Mexico, with a focus on light asset models and production line relocations to optimize profitability [4][5][6] Summary by Sections 1. Paper Packaging - The necessity for overseas expansion is driven by global supply chain migration and domestic low concentration leading to cost pressures. Companies are focusing on deep customer binding and local support [5][7] - Leading companies like Yutong Technology and Meiyingsen are expanding overseas, benefiting from early establishment in foreign markets and enjoying higher profit margins compared to domestic operations [21][24] - Investment recommendations include Yutong Technology and Meiyingsen for their strong overseas presence and high dividend yields, as well as Zhongxin Co. for its growth potential in Thailand [4][6][24] 2. Metal Packaging - The industry is facing pressure domestically, but overseas profitability remains strong. Companies are actively pursuing overseas expansion to counter domestic competition and improve profit margins [31][34] - Key players like Aorijin and Baosteel Packaging are enhancing their overseas sales ratios, with significant improvements in profit margins for exports compared to domestic sales [34][61] - Investment suggestions focus on Aorijin for its differentiated overseas strategy and Baosteel Packaging for its clear capacity expansion plans [4][6][34] 3. Plastic Packaging - The industry is shifting towards environmentally friendly and customized solutions, with companies like Yongxin Co. leading the way in functional film materials and expanding their overseas market presence [64][73] - The market for single-material plastic films is expected to grow significantly, driven by sustainability trends and increasing demand from multinational brands [70][73] - Investment recommendations highlight Yongxin Co. for its robust growth in functional film materials and stable revenue from overseas markets [4][6][73]

Core Viewpoint - The company, Hengxing New Materials, has established a strong position in the production of high-purity electronic-grade propionate products, primarily used as additives in lithium battery electrolytes, benefiting from the rapid growth of the new energy vehicle industry [1] Group 1: Company Position and Advantages - The company is one of the earliest domestic producers of propionate products, establishing competitive advantages in production capacity, technology, and product purity [1] - The company has formed stable partnerships with major clients in the lithium battery electrolyte industry, gaining recognition for its products [1] Group 2: Market Strategy and Product Development - The company adopts a market-oriented pricing strategy, considering product technical value, supply-demand relationships, and cost factors [1] - With the rapid development of the new energy vehicle industry, the technical value of high-purity electronic-grade propionate products is becoming increasingly prominent, prompting the company to continuously optimize its product structure and enhance product added value [1]