江苏翔腾新材料股份有限公司 Jiangsu Topfly New Materials Co., Ltd. （南京市栖霞区栖霞街道广月路 21 号） 首次公开发行股票并在主板上市 招股说明书 （申报稿） 声明：本公司的发行申请尚需经交易所和中国证监会履行相应程序。本招股说 明书不具有据以发行股票的法律效力，仅供预先披露之用。投资者应当以正式 公告的招股说明书作为投资决定的依据。 保荐人（主承销商） （上海市静安区新闸路 1508 号） 江苏翔腾新材料股份有限公司 招股说明书（申报稿） 江苏翔腾新材料股份有限公司 本次发行概况 | 发行股票类型 | 人民币普通股（A 股） | | --- | --- | | 发行股票数量 | 不超过 1,717.1722 万股，且本次发行股份数量占发行后公司总 股本的比例不低于 25%；本次公开发行的股票全部为新股，不 | | | 进行老股转让 | | 每股面值 | 人民币 1.00 元 | | 每股发行价格 | 【】元/股 | | 预计发行日期 | 【】年【】月【】日 | | 拟上市证券交易所和板块 | 深圳证券交易所主板 | | 发行后总股本 | 不超过 万股 6,868.6 ...

Group 1: Industry Performance - The industry operating rate has decreased to around 60% since the end of Q2 2022, with a slight recovery expected in Q4 2022, but still at a relatively low level [1] - The LCD production volume has significantly decreased year-on-year, and the industry is expected to maintain low operating rates during the traditional off-season [1] - Inventory levels have dropped significantly due to low operating rates, with panel production area consistently below shipment area [1] Group 2: Price Outlook - In 2022, the industry faced a downward trend due to external uncertainties and low terminal demand, putting pressure on product prices [2] - In Q1 2023, mainstream LCD TV product prices remained relatively stable, while the decline in IT product prices has slowed, with some products showing signs of stabilization [2] - Predictions indicate that demand for large-size LCD products will return to growth in 2023, particularly in the TV market, with opportunities for volume and price increases as the industry transitions from off-peak to peak season [2] Group 3: AMOLED Business Development - The flexible AMOLED business achieved its annual shipment target in 2022, with over 30% growth compared to the previous year, and a significant increase in the proportion of high-end products [3] - Despite depreciation pressure and reduced profitability from Android clients, the flexible AMOLED business is expected to continue growing in 2023, with a focus on increasing high-end product shipments [3] Group 4: Depreciation and Capital Expenditure - The depreciation amount for the first three quarters of 2022 was approximately 25 billion RMB, with ongoing depreciation of LCD production lines expected to enhance cost competitiveness [3] - Future capital expenditures will focus on new projects, existing project payments, and maintenance of current production lines, with a gradual decrease in investment intensity in semiconductor displays [3]