Group 1: Company Performance and Challenges - The company has been operating normally despite being in a state of stock price decline since its listing, attributed to intense market competition and incomplete release of new production capacity [2][3]. - Net profit has decreased due to factors such as declining sales prices and the new production line still ramping up [3][4]. - The company aims to improve profitability through the completion of 50,000 tons of new production capacity by 2025 and expanding into overseas markets [3][4]. Group 2: Revenue Growth and Profitability - Revenue growth is primarily driven by increased product sales and additional income from wood pulp sales, while net profit has declined [3][4]. - The company plans to enhance profitability by optimizing product structure and increasing the sales of high-value-added products [3][4]. Group 3: Market Opportunities and Strategies - The demand for food and medical packaging paper is expected to grow, and the company is focusing on high-end market opportunities through technological innovation and product development [3][4]. - The company has established a global sales network, targeting Southeast Asia, Europe, and the Middle East for market expansion [3][4]. Group 4: Cost Management and Future Outlook - Operating costs have risen significantly due to increased revenue scale, but the company anticipates effective cost control as new production capacity is released [4][5]. - The company expects gradual improvement in revenue and profit as market expansion and production capacity increase [4][5]. Group 5: Sales and Marketing Efforts - Sales expenses increased by 65.03% in 2024 due to heightened market development efforts and rising personnel costs [5]. - The company is committed to optimizing product structure and developing new products to enhance profitability [5].

Core Viewpoint - The company is set to hold its annual shareholder meeting on May 20, 2025, to discuss various proposals including the confirmation of director and supervisor remuneration for 2024, and to review the annual reports and financial statements for 2024 [3][4][5]. Group 1: Meeting Details - The meeting will take place both in-person and online, with specific voting times outlined for shareholders [3][4]. - The chairman of the board, Wang Minliang, will preside over the meeting, and the company secretary will be responsible for the meeting records [3][4]. Group 2: Financial Performance - In 2024, the company achieved a revenue of 1,027,357.74 million RMB, a 20.11% increase from 2023 [8][26]. - The net profit attributable to shareholders reached 101,303.89 million RMB, reflecting a 51.82% growth compared to the previous year [15][26]. - Total assets increased by 23.60% to 2,332,190.80 million RMB, while total liabilities rose by 31.95% to 1,518,406.87 million RMB [8][27]. Group 3: Operational Highlights - The company successfully launched two major projects in Guangxi and Hubei, each with an investment exceeding 10 billion RMB, enhancing its production capacity [24][25]. - Sales volume for 2024 reached 122.29 million tons, marking a 28.29% year-on-year increase [25][26]. - The company has optimized its product structure, particularly in high-end food packaging materials, which contributed to the revenue growth [27][28]. Group 4: Future Outlook - The company plans to continue expanding its market share and production capacity, particularly in the high-performance paper-based materials sector [24][29]. - The introduction of new product lines, including biodegradable food packaging materials, is expected to drive future growth [29].

Core Viewpoint - The company held a successful online performance briefing for the fiscal year 2024, achieving a 100% response rate to investor inquiries, indicating strong engagement with stakeholders [1]. Group 1: Market Demand and Competition - The demand for electrolytic capacitor paper is not within the company's current scope as it has completed asset disposal in 2023 [2]. - The company aims to enhance brand influence and market share by focusing on sustainable development and maintaining its status as a "national-level green factory" and "Zhejiang Province's hidden champion" [3]. Group 2: Investment and Financial Performance - The significant decrease in long-term equity investment is attributed to a reduction in the company's shareholding in associated companies, which has been reclassified to other non-current financial assets [3]. - The net profit attributable to shareholders for Q4 2024 was -12,564,379.19 yuan, primarily impacted by non-recurring gains and losses; excluding these, the net profit was positive [4]. - The company's operating revenue and net profit have contracted, with a net profit of 5.74 million yuan for the year, but the adjusted net profit (excluding non-recurring items) increased by 322% to 15.16 million yuan, indicating improved stability in core operations [6]. Group 3: Industry Trends and Future Growth - The tightening of environmental policies presents challenges for the specialty paper industry but also opportunities for the company, which has achieved significant reductions in emissions and is focusing on high-end product development [5]. - The company is prioritizing stable production operations and enhancing competitiveness in high-end products and overseas markets, with future strategic developments contingent on shareholder progress [7][11]. - The company is actively pursuing opportunities in high-end product business transformation and expanding into overseas markets, particularly in Southeast Asia, where it has established a foundation for cooperation [10].

Group 1: Company Strategy and Market Position - The company aims to enhance brand influence and market share by focusing on sustainable development and maintaining its status as a "National Green Factory" and "Zhejiang Province Specialized and Innovative SME" [2][3] - The company is actively transforming its high-end product market and overseas business to achieve growth in market share and foreign trade [3][4] Group 2: Investment and Financial Performance - The company's long-term equity investment decreased due to a reduction in shareholding in associated companies, which was reclassified to other non-current financial assets [3][4] - In 2024, the company reported a net profit of 5.74 million yuan, while the adjusted net profit (excluding non-recurring gains and losses) was 15.16 million yuan, reflecting a growth of 322% [5][6] Group 3: Industry Challenges and Opportunities - Stricter environmental policies present challenges for the specialty paper industry but also create opportunities for the company, which has achieved a 70% reduction in carbon emissions over three years [4][6] - The company is adapting to pressures from environmental regulations, international exchange rates, and raw material fluctuations by focusing on high-end product transformation and expanding overseas markets [6]

创业板投资风险提示 本次股票发行后拟在创业板市场上市，该市场具有较高的投资风险。创业板公司 具有创新投入大、新旧产业融合成功与否存在不确定性、尚处于成长期、经营风险高、 业绩不稳定、退市风险高等特点，投资者面临较大的市场风险。投资者应充分了解创 业板市场的投资风险及本公司所披露的风险因素，审慎作出投资决定。 浙江恒达新材料股份有限公司 （浙江省衢州市龙游县湖镇镇工业园区大明路 8 号） 首次公开发行股票并在创业板上市 招股说明书 保荐人（主承销商） （北京市朝阳区安立路 66 号 4 号楼） 浙江恒达新材料股份有限公司 首次公开发行股票并在创业板上市招股说明书 发行概况 | 发行股票类型 | 人民币普通股（A股） | | --- | --- | | 发行股数 | 本次公开发行股票2,237.00万股，公司股东不公开发售股份， 公开发行的新股占本次发行后总股本的25% | | 每股面值 | 人民币1.00元 | | 每股发行价格 | 36.58元 | | 发行日期 | 2023年8月8日 | | 拟上市的证券交易所和板块 | 深圳证券交易所创业板 | | 发行后总股本 | 8,948.00万股 | | 保荐人（ ...

创业板投资风险提示 本次股票发行后拟在创业板市场上市，该市场具有较高的投资风险。创业板公司 具有创新投入大、新旧产业融合成功与否存在不确定性、尚处于成长期、经营风险高、 业绩不稳定、退市风险高等特点，投资者面临较大的市场风险。投资者应充分了解创 业板市场的投资风险及本公司所披露的风险因素，审慎作出投资决定。 浙江恒达新材料股份有限公司 （浙江省衢州市龙游县湖镇镇工业园区大明路 8 号） 首次公开发行股票并在创业板上市 招股意向书 保荐人（主承销商） （北京市朝阳区安立路 66 号 4 号楼） 浙江恒达新材料股份有限公司 首次公开发行股票并在创业板上市招股意向书 发行概况 | 发行股票类型 | 人民币普通股（A股） | | --- | --- | | 发行股数 | 本次公开发行股票2,237.00万股，公司股东不公开发售股份， 公开发行的新股占本次发行后总股本的25% | | 每股面值 | 人民币1.00元 | | 每股发行价格 | 【】元 | | 预计发行日期 | 2023年8月8日 | | 拟上市的证券交易所和板块 | 深圳证券交易所创业板 | | 发行后总股本 | 8,948.00万股 | | 保荐人（主 ...

创业板投资风险提示 本次股票发行后拟在创业板市场上市，该市场具有较高的投资风险。创业板公司 具有创新投入大、新旧产业融合成功与否存在不确定性、尚处于成长期、经营风险高、 业绩不稳定、退市风险高等特点，投资者面临较大的市场风险。投资者应充分了解创 业板市场的投资风险及本公司所披露的风险因素，审慎作出投资决定。 浙江恒达新材料股份有限公司 首次公开发行股票并在创业板上市 招股说明书 本公司的发行申请尚需经深圳证券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 保荐人（主承销商） （北京市朝阳区安立路 66 号 4 号楼） 1-1-0 （浙江省衢州市龙游县湖镇镇工业园区大明路 8 号） （注册稿） 书作为投资决定的依据。 浙江恒达新材料股份有限公司 招股说明书（注册稿） 发行概况 | 发行股票类型 | 人民币普通股（A股） | | --- | --- | | 发行股数 | 拟公开发行股份不超过2,237.00万股，公司股东不公开发售股 份，公开发行的新股不低于本次发行后总股本的25% | | 每股面值 | 人民币1.00元 | | 每股发 ...